Luxy Sector & Industry RS AnalyzerEver wonder why some stocks soar while others in the same sector barely move? Or why your perfectly timed entry still loses money? Possibly the answer can be found in Relative Strength.
The Luxy Sector & Industry RS Analyzer solves a critical problem that most traders overlook: picking strong stocks in strong sectors AND strong industries . It's not enough for a stock to go up - you want stocks that are crushing their competition at both the sector AND industry level. This indicator does the heavy lifting by automatically comparing your stock against its sector ETF, industry ETF, the broader market, sector leader, and industry leader, giving you a complete multi-level picture of relative performance.
What makes this different?
- Automatic sector AND industry detection - no manual setup required
- Multi-level hierarchy analysis: Market → Sector → Industry → Stock
- Multi-timeframe analysis (1 month to 1 year) in one glance
- Industry ETF mapping (30+ industries covered)
- Clear 0-100 scoring system with letter grades (A+ to F)
- Works on stocks, crypto, forex, and commodities
- Real-time updates with anti-repaint protection
Think of it as your performance dashboard - instantly showing you if you're trading a champion or a laggard at every level of the market hierarchy.
METHODOLOGY & ATTRIBUTION
This indicator is based on classical Relative Strength (RS) analysis principles from technical analysis. RS methodology compares an asset's price performance against a benchmark to identify relative outperformance or underperformance. This concept has been used by professional traders and institutions for decades.
Key Concepts Used:
Relative Strength (RS) - Classical technical analysis concept measuring comparative performance
Multi-Level Hierarchy Analysis - Market → Sector → Industry → Stock comparison
Sector Rotation Analysis - Identifying which sectors are leading or lagging the market
Industry Rotation Analysis - Identifying which industries are leading within their sectors
Multi-period Performance Analysis - Evaluating strength across multiple timeframes
Beta Calculation - Standard statistical measure of volatility relative to a benchmark
DISCLAIMER: This indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Past performance does not guarantee future results. Trading involves risk and may not be suitable for all investors. Always do your own research and consult with a financial advisor before making investment decisions.
with all rows visible - capture when stock has strong RS score (70+) so users can see what a "good" setup looks like]
WHAT THE INDICATOR SHOWS
1. AUTOMATIC ASSET TYPE DETECTION
The indicator automatically identifies what you're analyzing and adjusts accordingly:
Stocks - Compares to sector ETF (XLK, XLF, XLV, etc.) and SPY
Crypto - Compares to Total Crypto Market Cap and Bitcoin
Forex - Compares to relevant currency index (DXY, EXY, etc.)
Commodities - Compares to Gold (GLD) as benchmark
Indices - Compares to broader market indices
How it works: The indicator reads your chart's asset type and ticker, then automatically maps it to the correct sector or benchmark. For stocks, it uses intelligent sector detection (looking at the sector field) to match you with the right sector ETF. For example:
- Technology stocks get compared to XLK (Technology Select Sector SPDR)
- Financial stocks get compared to XLF (Financial Select Sector SPDR)
- Healthcare stocks get compared to XLV (Health Care Select Sector SPDR)
This happens instantly when you add the indicator to any chart - no configuration needed.
2. SECTOR & MARKET BENCHMARKS
What is a Sector ETF?
A sector ETF is an exchange-traded fund that tracks a specific industry group. For example, XLK contains all major technology companies. By comparing your stock to its sector ETF, you can see if your stock is outperforming or underperforming its peers.
The indicator shows three key comparison points:
Stock vs Sector (Benchmark)
This tells you how your stock performs compared to companies in the same industry. Positive numbers mean your stock is beating the sector average. Negative numbers mean it's lagging behind.
Stock vs Market (SPY)
This shows performance against the broader S&P 500 index. This is important because even if a stock beats its sector, the entire sector might be weak. You want stocks that beat both their sector AND the market.
Sector vs Market
This reveals "sector rotation" - whether money is flowing into or out of this sector. When this number is positive, the whole sector is hot and leading the market. This is powerful because strong sectors tend to lift all boats, making it easier to find winners.
3. MULTI-PERIOD PERFORMANCE ANALYSIS
The indicator calculates performance across four timeframes simultaneously:
1 Month (1M) - Recent short-term momentum
3 Months (3M) - Medium-term trend strength
6 Months (6M) - Longer-term positioning
1 Year (1Y) - Full-cycle performance view
Why multiple periods matter:
A stock might look great over 1 month but terrible over 6 months - that's a red flag. The best stocks show consistent strength across all timeframes . When you see positive RS (Relative Strength) values across all four periods, you've found a stock with sustained outperformance.
Each row in the table shows:
- Raw performance percentage for that period
- RS value (the difference compared to benchmark)
- Color coding: Green for positive, red for negative, white for neutral
4. SECTOR LEADER COMPARISON
The indicator automatically identifies and compares your stock to the sector leader - the dominant stock in that industry.
Sector leaders by industry:
Technology: Apple (AAPL)
Healthcare: UnitedHealth (UNH)
Financial: JPMorgan Chase (JPM)
Energy: ExxonMobil (XOM)
Consumer Discretionary: Amazon (AMZN)
Consumer Staples: Walmart (WMT)
And more...
Why this matters:
Comparing to the leader shows you if you're trading a champion or a follower. If your stock consistently beats the sector leader, you've found something special. If it's lagging the leader, you might want to trade the leader instead.
Optional Custom Leader:
You can override the automatic leader and compare to any stock you choose. This is useful if you want to benchmark against a specific competitor or reference stock.
NEW! INDUSTRY ANALYSIS (STOCKS ONLY)
The indicator now provides multi-level analysis by automatically detecting and comparing your stock to its specific industry , not just the broad sector.
Why Industry matters:
Technology sector (XLK) contains many different industries: Software, Semiconductors, Hardware, etc. A software stock might beat the broad tech sector but lag behind other software companies. Industry analysis provides this granular view.
Industry ETF Mapping (30+ industries):
Software/Applications: IGV (iShares Software ETF)
Semiconductors: SMH (VanEck Semiconductor ETF)
Biotech: IBB (iShares Biotechnology ETF)
Pharmaceuticals: XPH (SPDR Pharmaceuticals ETF)
Banks: KBE (SPDR S&P Bank ETF)
Regional Banks: KRE (SPDR Regional Banking ETF)
Oil & Gas Exploration: XOP (SPDR Oil & Gas Exploration ETF)
Homebuilders: XHB (SPDR Homebuilders ETF)
Retail: XRT (SPDR S&P Retail ETF)
Aerospace & Defense: ITA (iShares U.S. Aerospace & Defense ETF)
And many more...
Industry Leader Mapping:
The indicator also identifies the leader within each industry:
Software: Microsoft (MSFT)
Semiconductors: NVIDIA (NVDA)
Biotech: Amgen (AMGN)
Pharmaceuticals: Eli Lilly (LLY)
Banks: JPMorgan (JPM)
Oil Exploration: ConocoPhillips (COP)
And more...
New Table Rows for Stocks:
Industry ETF Performance - How the specific industry performed (green background)
Industry Leader Performance - How the top stock in the industry performed
vs Industry RS - Your stock's outperformance vs its industry ETF
Industry vs Sector RS - Is this industry hot or cold within its sector?
vs Industry Leader RS - Your stock's performance vs the industry's best
Why this is powerful:
A stock that beats both its sector AND its industry is showing strength at every level. This indicates true relative strength, not just riding sector-wide momentum.
Optional Custom Industry:
You can override automatic detection for both Industry ETF and Industry Leader in settings.
5. RS SCORE & GRADING SYSTEM (0-100)
The heart of the indicator is the RS Score - a weighted calculation that distills all the performance data into one clear number from 0 to 100.
How the score is calculated:
FOR STOCKS (with Industry data):
The indicator splits the weight between Sector (60%) and Industry (40%):
SECTOR RS (60% of total weight):
1 Month RS: 24% weight (40% × 0.6)
3 Month RS: 18% weight (30% × 0.6)
6 Month RS: 12% weight (20% × 0.6)
1 Year RS: 6% weight (10% × 0.6)
INDUSTRY RS (40% of total weight):
1 Month RS: 16% weight (40% × 0.4)
3 Month RS: 12% weight (30% × 0.4)
6 Month RS: 8% weight (20% × 0.4)
1 Year RS: 4% weight (10% × 0.4)
FOR OTHER ASSETS (Crypto, Forex, Commodities):
Uses full 100% weight on benchmark:
1 Month RS: 40% weight
3 Month RS: 30% weight
6 Month RS: 20% weight
1 Year RS: 10% weight
It starts at 50 (neutral) and adds or subtracts points based on your asset's relative strength in each period.
Bonus points:
+5 points if the sector is outperforming the market (sector rotation is bullish)
+5 points if the industry is outperforming its sector (hot industry) - STOCKS ONLY
+5 points if RS momentum is improving (getting stronger over time)
-5 points if RS momentum is declining (getting weaker)
The final score is capped between 0-100.
Letter Grade System:
90-100: A+ - Elite performer, crushing the sector
85-89: A - Excellent, strong outperformer
80-84: A- - Very good, above average
75-79: B+ - Good, solid performer
70-74: B - Above average, decent strength
65-69: B- - Slightly above average
60-64: C+ - Average, neutral strength
55-59: C - Below average
50-54: C- - Weak, slight underperformance
45-49: D+ - Concerning weakness
40-44: D - Poor, significant underperformance
0-39: F - Failing, avoid this stock
What scores mean for trading:
- RS Score above 70: Strong stocks worth considering for long positions
- RS Score 50-70: Average stocks, better opportunities elsewhere
- RS Score below 50: Weak stocks, avoid or consider for shorts
6. CONSISTENCY SCORE
This metric shows what percentage of time periods show positive RS .
For STOCKS (with Industry data):
Counts both Sector RS periods AND Industry RS periods (up to 8 total periods):
- If a stock beats both sector and industry in all 4 periods each: Consistency = 100% (8/8)
- If it beats in 6 out of 8 total periods: Consistency = 75%
- If it beats in 4 out of 8 total periods: Consistency = 50%
For OTHER ASSETS:
Counts benchmark periods only (4 total):
- If it beats benchmark in all 4 periods (1M, 3M, 6M, 1Y): Consistency = 100%
- If it beats in 3 out of 4 periods: Consistency = 75%
- If it beats in 2 out of 4 periods: Consistency = 50%
Why consistency matters:
A high RS Score with low consistency might indicate a recent spike that could fade. The best stocks show both high RS Score AND high consistency - they're strong now AND have been strong historically at both the sector AND industry level.
Look for stocks with:
Consistency above 75%: Very reliable strength across all levels
Consistency 50-75%: Decent but check other metrics
Consistency below 50%: Weak or erratic, proceed with caution
7. BETA CALCULATION (Volatility Measure)
Beta measures how much more volatile your stock is compared to its sector.
Beta > 1.2 : High volatility - stock moves more aggressively than sector (marked as "High")
Beta 0.8-1.2 : Normal volatility - moves roughly in line with sector
Beta < 0.8 : Low volatility - stock is more stable than sector (marked as "Low")
Formula used:
Beta = Correlation(Stock, Sector) × (Standard Deviation of Stock / Standard Deviation of Sector)
This uses a 20-period calculation for reliability.
How to use Beta:
- High Beta stocks offer bigger gains but also bigger risks - good for aggressive traders
- Low Beta stocks are more defensive - good for conservative positions
- Match Beta to your risk tolerance and strategy
8. DAYS ABOVE/BELOW SECTOR
This tracks consecutive periods (bars) where your stock outperforms or underperforms its sector.
Days Above Sector:
Counts how many bars in a row your stock has beaten the sector.
10+ days: Strong sustained strength (shown in bright green)
5-9 days: Building momentum (shown in yellow)
1-4 days: Early strength (shown in white)
0 days: Not currently outperforming
Days Below Sector:
Counts how many bars in a row your stock has lagged the sector.
10+ days: Sustained weakness (shown in bright red)
5-9 days: Losing momentum (shown in orange)
1-4 days: Minor weakness (shown in white)
0 days: Not underperforming (this is good!)
Why this matters:
Long streaks show trend persistence. A stock with 15+ days above sector is riding strong momentum. A stock with 15+ days below sector is in a sustained downtrend relative to peers.
9. PRICE VS 52-WEEK HIGH
Shows where current price sits relative to its 52-week high (or equivalent for your timeframe).
95%+ (green) : Stock is near all-time highs - strong positioning
80-94% (yellow) : Stock is in a pullback but still relatively strong
Below 80% : Stock has pulled back significantly from highs
Why this matters:
The strongest stocks stay near their highs. When you see a stock with high RS Score AND price near 52W high, you've found a stock with institutional support and strong buying pressure.
10. RELATIVE VOLUME
Compares current volume to the 20-period average volume.
1.5x+ (green) : High volume - significant interest and participation
Around 1.0x : Average volume - normal trading activity
Below 1.0x : Low volume - less interest or inactive period
Why volume matters:
High relative volume confirms price moves. When a stock makes a strong move on 2x or 3x normal volume, it's more likely to sustain. Low volume moves are often just noise.
11. AVERAGE RS STRENGTH
This calculates the average absolute value of all RS readings across the four timeframes.
It shows the magnitude of divergence from the sector, regardless of direction. A high number means the stock moves very differently from its sector (could be much stronger or much weaker). A low number means it tracks closely with the sector.
High Average RS: Stock has strong character, moves independently
Low Average RS: Stock follows sector closely, lacks individual strength
12. SECTOR ROTATION SIGNAL
This indicator automatically detects when a sector is experiencing bullish rotation - meaning money is flowing into the sector and it's outperforming the broader market.
Condition for bullish rotation:
Sector must be beating SPY (market) in both 1-month AND 3-month periods.
Why this matters:
Stocks in hot sectors tend to perform better because they have tailwinds from sector-wide buying. When sector rotation is bullish and your stock has a high RS Score, you've found an ideal setup.
The indicator adds +5 bonus points to the RS Score when sector rotation is bullish.
13. MOMENTUM DETECTION
The indicator compares 1-month RS to 3-month RS to detect if momentum is improving or declining.
RS Momentum Improving: 1M RS is better than 3M RS - stock is getting stronger (adds +5 to score)
RS Momentum Declining: 1M RS is worse than 3M RS - stock is getting weaker (subtracts -5 from score)
Why momentum matters:
You want to catch stocks as momentum is building, not after it's already peaked. Improving momentum suggests the strength is accelerating, not fading.
14. OVERALL ASSESSMENT & RECOMMENDATION
The indicator provides two quick summary rows:
Overall Rating:
Based on grade and RS Score, you get an instant quality rating:
Strong Leader (A/A+) - Top tier stock, crushing it
Above Average (A-/B+) - Solid performer, better than most
Average (B/B-) - Middle of the pack
Below Average (C/C+) - Struggling, watch carefully
Underperformer (D/F) - Weak stock, underperforming badly
Trading Signal:
Combines multiple factors to give setup quality:
STRONG BUY SETUP - RS Score 70+, Consistency 75+, AND sector rotation bullish. This is the perfect storm - strong stock, consistent strength, hot sector.
BULLISH - RS Score 60+, Consistency 50+. Good quality stock worth considering.
NEUTRAL - RS Score 50+. Okay but not exciting, better opportunities exist.
WEAK - RS Score 40-49. Below average, risky.
AVOID - RS Score below 40. Stay away, too weak.
IMPORTANT: These are educational signals only, not financial advice. Always do your own analysis and risk management.
KEY FEATURES
1. AUTOMATIC EVERYTHING
- Auto-detects asset type (stock, crypto, forex, commodity, index)
- Auto-maps stocks to correct sector ETF (11 sectors covered)
- Auto-maps stocks to correct industry ETF (30+ industries covered)
- Auto-identifies sector leader AND industry leader
- Auto-selects appropriate market benchmark
- Zero configuration required - just add to chart
2. MULTI-ASSET SUPPORT
Works on all asset classes:
US Stocks - Compares to sector ETFs (XLK, XLF, XLV, etc.)
Crypto - Compares to Total Crypto Market Cap
Forex - Compares to currency indices (DXY, EXY, etc.)
Commodities - Compares to Gold (GLD)
Indices - Compares to broader market benchmarks
3. FLEXIBLE DISPLAY
9 table positions (top/middle/bottom, left/center/right)
4 size options (tiny, small, normal, large)
Show/hide table completely
Real-time indicator toggle
4. TIMEFRAME FLEXIBILITY
Choose your analysis timeframe:
Chart Timeframe (default) - Uses whatever timeframe your chart is on
Fixed: 1 Hour, 4 Hours, Daily, Weekly - Forces calculations to specific timeframe
This means you can be on a 5-minute chart but analyze RS on Daily timeframe if you prefer.
5. RS SCORE FILTERING
Set a minimum RS Score threshold to only see strong stocks:
Set to 0 - Shows all stocks
Set to 70 - Only displays stocks with RS Score 70+ (strong stocks only)
Warning message displays if stock doesn't meet threshold
Perfect for screening - quickly scan multiple charts and the indicator only shows tables for stocks that pass your quality filter.
6. CUSTOM LEADER COMPARISON
Override automatic leader detection:
Compare to any ticker you choose
Benchmark against specific competitors
Use your own reference stocks
7. COMPREHENSIVE TOOLTIPS
Every input parameter and every table row has detailed tooltips explaining:
What the metric measures
How to interpret the values
What thresholds indicate strength/weakness
Why it matters for trading
Hover over any element to learn - it's like having a trading coach built in.
8. SMART ALERTS
Built-in alert system for key events:
Divergence Alerts:
Get notified when your stock diverges significantly from its sector.
Bullish Divergence: Stock beating sector by threshold percentage
Bearish Divergence: Stock losing to sector by threshold percentage
Set your threshold (default 5%) - this determines how big a divergence triggers the alert.
RS Score Alerts:
Get notified when RS Score crosses your threshold:
Crossed Above: RS Score went from below to above your threshold (bullish)
Crossed Below: RS Score dropped from above to below threshold (bearish)
Set your threshold (default 70) to focus on strong stocks.
Sector Rotation Alert:
Fires when sector shows bullish rotation (outperforming market).
HOW TO USE THE INDICATOR
FOR SWING TRADERS:
1. Add indicator to your watchlist stocks
2. Look for RS Score 70+ with Consistency 75%+
3. Check if sector rotation is bullish (bonus!)
4. Verify price is near 52W high (95%+)
5. Wait for entry setup on your chart
6. Use stop loss below key support
Example Setup:
Stock shows:
- RS Score: 82 (Grade: A-)
- Consistency: 100% (strong across all periods)
- Sector Rotation: Bullish
- Price vs 52W High: 96%
- Days Above Sector: 12 days
- Relative Volume: 1.8x
This is a textbook strong stock in a hot sector near highs - ideal for swing long.
FOR POSITION TRADERS:
1. Focus on 6-month and 1-year RS values
2. Look for sustained outperformance (Consistency 75%+)
3. Prefer lower Beta stocks (less volatility)
4. Check Days Above Sector for trend persistence
5. Monitor RS Score monthly, exit if drops below 60
FOR ACTIVE TRADERS:
1. Use on intraday timeframes (1H or 4H)
2. Set RS Score filter to 60+ for quick screening
3. Enable Divergence Alerts
4. Watch for momentum improving signal
5. Higher Beta stocks offer more movement
FOR SHORT SELLERS:
1. Look for RS Score below 40 (Grade: D or F)
2. Check for declining momentum
3. Verify Days Below Sector is increasing (10+)
4. Sector rotation should be bearish
5. Price should be well off 52W high
WHAT MAKES A PERFECT SETUP:
The holy grail combination:
RS Score: 75+ (A- or better)
Consistency: 80%+ (strong across time - beats sector AND industry)
Sector Rotation: Bullish (hot sector)
Industry vs Sector: Positive (hot industry within sector)
Days Above Sector: 10+ (sustained strength)
Momentum: Improving (getting stronger)
Price vs 52W High: 90%+ (near highs)
Relative Volume: 1.5x+ (volume confirmation)
When you find this combination, you've located a stock with every advantage in its favor - strong at the stock level, industry level, AND sector level. That's multi-level confirmation of relative strength.
IMPORTANT NOTES
Data Reliability:
All calculations use lookahead=off for anti-repaint protection
Historical values will never change
Real-time indicator toggle only affects the visual clock icon, not data reliability
All security requests are properly configured to prevent future data leakage
Sector Mapping Notes:
Sector detection uses TradingView's sector field
Some stocks may not have sector data - indicator will adapt
Sector ETFs used: XLK, XLF, XLV, XLE, XLY, XLP, XLI, XLB, XLRE, XLU, XLC
Major market ETFs (SPY, QQQ, DIA) are treated as market benchmarks, not stocks
Multi-Asset Notes:
Crypto compares to CRYPTOCAP:TOTAL (total crypto market cap)
Forex compares to relevant currency index based on base currency
Commodities compare to Gold (GLD) as primary commodity benchmark
Custom leaders can be set for any asset type
FREQUENTLY ASKED QUESTIONS
Q: What does RS Score of 75 actually mean?
A: It means your stock is strongly outperforming its sector across multiple timeframes. The score is weighted toward recent performance (1-month gets 40% weight), so 75 indicates sustained relative strength with emphasis on current momentum.
Q: My stock has high RS Score but is going down. Why?
A: RS Score measures relative performance (vs sector/market), not absolute price direction. A stock can fall 5% while its sector falls 10% - that's still positive relative strength. In bear markets or sector corrections, high RS stocks often fall less than peers.
Q: Should I only trade stocks with RS Score above 70?
A: For long positions, yes - focus on 70+ scores. These stocks have proven they can beat their sector. However, for pairs trading or relative value plays, you might also short stocks with scores below 40 while longing stocks above 70.
Q: What if my stock doesn't have a sector?
A: The indicator handles this gracefully. If no sector is detected, it will compare directly to the market (SPY for stocks). Some rows may show N/A, but the indicator will still provide useful market-relative data.
Q: Why does the sector sometimes show N/A?
A: This happens when: 1) Your asset has no sector classification, 2) The stock IS the sector ETF itself, 3) You're analyzing a non-stock asset (crypto, forex, commodity). The indicator adapts by focusing on market-relative metrics instead.
Q: Can I use this on cryptocurrencies?
A: Yes! The indicator automatically detects crypto and compares to the Total Crypto Market Cap (CRYPTOCAP:TOTAL). You can also set a custom leader like Bitcoin (BTCUSD) to compare against the dominant crypto.
Q: What's the difference between RS Score and Consistency?
A: RS Score is the weighted average of how much you're beating the sector (magnitude). Consistency is what percentage of time periods show outperformance (reliability). You want both high - that means strong AND consistent.
Q: Do the alerts repaint?
A: No. All alerts fire only on bar close (barstate.isconfirmed) and use properly configured data with lookahead=off. Once an alert fires, it's final and won't change.
Q: What timeframe should I use?
A: For swing trading: Daily or Weekly. For day trading: 1H or 4H. For position trading: Weekly. Use "Chart Timeframe" mode and switch your chart timeframe to change the analysis period easily.
Q: Why is Days Above Sector showing 0?
A: This means your stock is not currently outperforming its sector. If Days Below Sector is also 0, it means the RS is exactly neutral (very rare). Check the actual RS values to see current standing.
Q: Can I compare to a different market benchmark than SPY?
A: Currently the indicator uses SPY (S&P 500) as the default US stock market benchmark. For crypto it uses CRYPTOCAP:TOTAL, for forex it uses currency indices, etc. The benchmark auto-adjusts based on asset type.
Q: What's a good Beta value?
A: It depends on your strategy. Aggressive traders prefer Beta above 1.2 (more volatility = bigger moves). Conservative traders prefer Beta 0.8-1.0 (more stable). Beta is neutral - it's about matching your risk tolerance.
Q: How often does the table update?
A: With Real-time Indicator enabled: Every tick (constant updates). With it disabled: Only on bar close. Either way, the underlying data is identical and non-repainting - the toggle only affects update frequency and the clock icon display.
Q: My stock is showing "AVOID" but it's up 50% this year. Is the indicator wrong?
A: Not necessarily. The indicator measures RELATIVE performance. If your stock is up 50% but the sector is up 100%, your stock is actually underperforming by 50%. The indicator helps you identify when you should switch to stronger stocks in the same sector.
Q: What does "Strong Buy Setup" really mean?
A: It means three things aligned: 1) RS Score above 70 (strong stock), 2) Consistency above 75% (reliable strength), 3) Sector rotation is bullish (hot sector). This combination historically correlates with stocks that continue outperforming. However, this is NOT financial advice - always do your own analysis.
Q: Can I use this for options trading?
A: Yes! High RS Score stocks make good candidates for call options (bullish bets) while low RS Score stocks may work for puts (bearish bets). Higher Beta stocks will have more volatile options (higher premiums but more movement).
Q: Why is my crypto showing N/A for sector?
A: Cryptocurrencies don't have "sectors" like stocks do. Instead, the indicator compares crypto to the total crypto market cap. This is normal and expected behavior.
Q: What happens if I'm analyzing an ETF?
A: If you're analyzing a sector ETF (like XLK), it will compare to SPY (market). If you're analyzing SPY itself, some comparisons won't be available (can't compare SPY to itself). The indicator intelligently adapts to avoid circular comparisons.
Q: What if my stock doesn't have industry data?
A: Not all stocks are mapped to specific industries (only 30+ major industries are covered). If no industry is detected, the indicator will still work using only sector analysis. The RS Score calculation will use 100% sector weight instead of the 60%/40% split.
Q: Why does Industry vs Sector matter?
A: Industry vs Sector shows if your specific industry is hot or cold within its broader sector. For example, Semiconductors (SMH) might be outperforming Technology sector (XLK) even though both are up. This helps you find not just strong sectors, but the strongest industries within those sectors.
Q: Can I disable Industry analysis?
A: Yes! In the "Industry Analysis" settings group, you can toggle off "Show Industry Analysis in Table" to hide all industry rows. However, even when hidden, industry data still contributes to the RS Score calculation for stocks.
Q: Why is my Consistency Score lower for stocks than other assets?
A: For stocks with industry data, Consistency counts 8 periods (4 Sector + 4 Industry periods) instead of just 4. This means the bar is higher - your stock needs to beat both sector AND industry consistently. A stock that beats sector in all 4 periods but lags industry in 2 periods will show 75% consistency (6/8), not 100%.
BEST PRACTICES
Use as a screening tool - Set RS Score filter to 70+ and quickly scan your watchlist. Only strong stocks will show the table.
Combine with technical analysis - RS Score tells you WHAT to trade, your chart tells you WHEN to enter.
Check multiple timeframes - Switch between Daily and Weekly to see if strength holds across different time horizons.
Monitor sector rotation - When sector goes from bearish to bullish rotation, it's often a great time to enter stocks in that sector.
Watch Industry vs Sector - Stocks in hot industries within hot sectors have double tailwinds. Prioritize Industry vs Sector positive values.
Pay attention to consistency - High RS Score with low consistency might be a spike that fades. Look for 70%+ consistency across BOTH sector and industry.
Use the leader comparison - If your stock consistently beats both sector leader AND industry leader, you may have found the next champion.
Watch days above/below sector - Long streaks (15+ days) indicate strong trends. Look for these in conjunction with high RS Score.
Set alerts on key stocks - Enable RS Score alerts at 70 threshold to get notified when watchlist stocks become strong.
Consider Beta for position sizing - Size smaller positions in high Beta stocks, larger in low Beta stocks for balanced risk.
Exit when RS Score drops - If a stock's RS Score falls below 60, consider reducing or exiting - the strength may be fading.
Leverage industry-level insight - If Industry ETF is weak but stock is strong, that's standout strength. If Industry is hot but stock is lagging, consider switching to the industry leader instead.
SETTINGS EXPLAINED
Display Settings:
Show Performance Table - Master on/off switch for the table
Table Position - 9 positions available (corners, edges, center)
Table Size - 4 sizes (tiny, small, normal, large) for different screen sizes
Timeframe Settings:
Chart Timeframe (recommended) - Dynamic, uses whatever chart TF you're on
Fixed Timeframes - Locks analysis to 1H, 4H, Daily, or Weekly regardless of chart
Filtering Settings:
Minimum RS Score - Set threshold (0-100) for displaying table
Show Warning - When enabled, displays message if stock doesn't meet filter
Alert Settings:
Divergence Alerts - Enable alerts when stock diverges from sector
Threshold (%) - How big a divergence triggers alert (default 5%)
RS Score Alerts - Enable alerts when RS Score crosses threshold
Threshold - What RS Score level triggers alert (default 70)
Sector Analysis Settings:
Use Custom Sector ETF - Override automatic sector ETF detection
Sector ETF Symbol - Enter any sector ETF to compare against
Use Custom Sector Leader - Override automatic sector leader detection
Sector Leader Symbol - Enter any ticker as sector leader
Industry Analysis Settings:
Use Custom Industry ETF - Override automatic industry ETF detection
Industry ETF Symbol - Enter specific industry ETF (e.g., IGV, SMH)
Use Custom Industry Leader - Override automatic industry leader detection
Industry Leader Symbol - Enter specific industry leader
Show Industry Analysis - Toggle all industry rows on/off
Display Settings:
Show Real-time Indicator - Toggle clock icon in header (doesn't affect data)
WHAT THIS INDICATOR DOESN'T DO
To set proper expectations:
Does NOT provide entry/exit signals - this is a strength analyzer, not a trading system
Does NOT predict future price movement - shows current and historical relative strength
Does NOT guarantee profits - strong RS stocks can still decline
Does NOT replace your own analysis - use as one tool among many
Does NOT work on stocks with no sector data - will adapt but some rows show N/A
This indicator is a decision support tool . It helps you identify which stocks are showing relative strength so you can make more informed trading decisions. You still need your own entry strategy, risk management, and position sizing rules.
SUPPORT & CONTACT
Questions or feedback? Use the comments section below or send me a message.
If you find this indicator useful, please give it a boost and share with other traders who might benefit from relative strength analysis.
FINAL REMINDER
This indicator is a tool for analyzing relative strength - it shows you which stocks are outperforming their sector and market. It does NOT provide financial advice or trade signals. Always conduct your own research, manage your risk appropriately, and consult with a financial advisor before making investment decisions.
Past performance of relative strength does not guarantee future results. Strong stocks can become weak, and sectors rotate in and out of favor. Use this indicator as part of a comprehensive trading strategy, not as a standalone decision-making system.
Trade smart, manage risk, and may your RS Scores stay high!
If you got till here and you like my work a BOOST and a COMMENT would make me happy
חפש סקריפטים עבור "bear"
HTF Candles Pro by MurshidFx# HTF Candles Pro by MurshidFx
## Professional Trading Indicator for Multi-Timeframe Market Structure Analysis
**HTF Candles Pro** is an advanced, open-source trading indicator that synthesizes Higher Timeframe (HTF) candle visualization with CISD (Change in State of Delivery) detection, providing comprehensive market structure analysis across multiple timeframes. Designed for traders at all experience levels—from scalpers to swing traders—this tool enables precise alignment of trades with higher timeframe momentum while identifying critical market structure transitions.
---
## Core Functionality
This indicator integrates three essential analytical frameworks:
- **HTF Candle Visualization** – Inspired by the innovative work of Fadi x MMT's MTF Candles indicator
- **CISD Detection System** – Algorithmic identification of significant market structure reversals
- **Intelligent Session Level Management** – Automated consolidation of overlapping session markers for enhanced chart clarity
The result is a sophisticated yet streamlined analytical tool that delivers actionable market insights with minimal visual complexity.
---
## Feature Set
### Higher Timeframe Candle Analysis
Monitor higher timeframe price action seamlessly without chart switching. The indicator employs automatic HTF selection based on current timeframe, with manual override capability.
**Components:**
- **Primary HTF Display**: Automatically positioned adjacent to current price action
- **Secondary HTF Display**: Optional dual-timeframe analysis capability
- **Adaptive Time Labeling**: Context-aware formatting (intraday times, day names, week numbers)
- **Real-Time Countdown**: Optional timer displaying remaining time until HTF candle close
- **Customizable Color Schemes**: Full color customization for bullish and bearish candles
### CISD Detection (Change in State of Delivery)
The CISD system identifies critical inflection points where market structure undergoes directional change, signaling potential trend reversals or continuations.
**Mechanism:**
- **Market Structure Monitoring**: Continuous tracking of swing highs and lows
- **Liquidity Sweep Detection**: Identification of stop-hunt patterns preceding reversals
- **Reversal Confirmation**: Validation-based CISD level plotting upon structure break confirmation
- **Clear Visual Signals**: Bullish CISD (blue) and bearish CISD (red) demarcation
- **Optimized Display**: Default 5-bar line length (adjustable) minimizes chart clutter
**Technical Definition:**
CISD occurs when price breaches structure in one direction—typically sweeping liquidity and triggering stops—then reverses to break structure in the opposite direction, indicating a fundamental shift in market delivery bias.
### Intelligent Session Level Management
Eliminates visual clutter caused by overlapping session opens at identical price levels through automated consolidation.
**Functionality:**
- **Automatic Consolidation**: Merges multiple concurrent session opens into single reference lines
- **Combined Labeling**: Creates unified labels (e.g., "Week-Day Open," "4H-Day-Week Open")
- **Enhanced Clarity**: Maintains professional chart aesthetics while preserving all relevant information
**Supported Session Intervals:**
- 30-Minute Opens
- 4-Hour Opens
- Daily Opens
- Weekly Opens
- Monthly Opens
### Advanced Market Structure Tools
**Liquidity Sweep Identification:**
Highlights price wicks extending beyond previous HTF extremes that close within range—characteristic liquidity grab patterns.
**HTF Midpoint Reference:**
Displays the 50% retracement level of the most recent completed HTF candle, serving as a key reference for entries and profit targets.
**HTF Opening Price:**
Tracks current HTF candle open price, frequently functioning as dynamic support or resistance.
**Interval Demarcation:**
Visual separators defining HTF period boundaries for enhanced temporal clarity.
### Information Dashboard
Compact, customizable dashboard displaying:
- Current symbol and active timeframe
- HTF candle countdown timer
- Active trading session (Asia/London/New York)
- Current date and time
Flexible positioning: configurable for any chart corner.
---
## Default Configuration
Optimized settings for immediate professional-grade chart presentation:
- **Secondary HTF**: Disabled (enable for multi-timeframe comparative analysis)
- **CISD Bullish Color**: Blue (#0080ff) – optimal visibility with reduced eye strain
- **CISD Line Width**: 1 pixel – subtle yet discernible
- **CISD Line Length**: 5 bars – balanced visibility without excessive clutter
- **Session Opens**: Smart consolidation enabled – eliminates overlapping labels
---
## Application Strategies
### Trend Following
1. Monitor CISD confirmations aligned with HTF trend direction
2. Utilize HTF candle color for directional bias confirmation
3. Execute entries on pullbacks to HTF midpoint or open price levels
### Reversal Trading
1. Identify counter-trend CISD formations
2. Await HTF candle close confirming new directional bias
3. Use session opens as secondary confirmation levels
### Scalping
1. Trade exclusively in HTF candle direction
2. Employ lower timeframe CISD signals for precise entry timing
3. Target HTF midpoint or subsequent session open levels
### Structure-Based Trading
1. Mark liquidity sweep levels as potential reversal zones
2. Monitor CISD formations at key session opens
3. Confirm trend changes via HTF candle closes
---
## Customization Parameters
Comprehensive customization options:
- **Color Schemes**: Independent control of bull/bear candles, borders, CISD signals, session levels
- **Dimensional Settings**: Candle width, line thickness, label sizing
- **Display Quantities**: HTF candle count (1-10 range)
- **Positioning**: Candle offset, dashboard placement, label positioning
- **Line Styles**: Solid, dashed, or dotted rendering
- **Timeframe Selection**: Manual secondary HTF specification
---
## Attribution
**HTF Candle Visualization:**
The HTF candle rendering methodology draws inspiration from Fadi x MMT's "MTF Candles" indicator. Their elegant implementation of multi-timeframe candle visualization provided valuable reference for this development. Recognition and appreciation to their contribution to the TradingView community.
**CISD Detection:**
Proprietary CISD detection algorithm engineered to identify market structure transitions with high signal clarity and reduced false positive rate.
**Session Level Consolidation:**
Custom-developed intelligent grouping system addressing the common challenge of overlapping session labels at coincident price levels.
---
## Open Source License
This indicator is released as open source for the TradingView community. Permitted uses include:
- Implementation in live trading
- Educational study for Pine Script learning
- Personal modification and customization
- Distribution among trading communities
Community contributions, improvements, and derivative works are welcomed and encouraged.
---
## Implementation Guide
1. **Installation**: Click "Add to Chart"
2. **Configuration Access**: Open indicator settings panel
3. **Initial Use**: Default settings provide optimal starting configuration
4. **Optional Features**: Enable secondary HTF for multi-timeframe analysis
5. **Theme Integration**: Adjust color schemes to match chart aesthetics
---
## Best Practices
**Timeframe Optimization:**
- 1-5 minute charts: Optimal with 15m or 1H HTF
- 15-30 minute charts: Effective with 4H HTF
- 1-4 hour charts: Suitable for Daily HTF
- Daily charts: Best utilized with Weekly/Monthly HTF
**CISD Trading Guidelines:**
- Require CISD confirmation before position entry
- Prioritize CISD signals at significant levels (session opens, HTF midpoints)
- Confirm CISD direction aligns with HTF candle bias
- Apply contextual filtering—not all CISD signals warrant trades
**Session Open Strategy:**
- Weekly opens typically provide robust support/resistance
- Daily opens offer reliable intraday reference points
- 4-Hour opens effective for short-term scalping
- Consolidated labels (e.g., "Week-Day Open") indicate confluence zones with elevated significance
---
## Technical Specifications
**Performance Optimization:**
- Intelligent object management prevents TradingView rendering limits
- Efficient array processing for session consolidation
- Proper memory management through systematic object deletion
- Consistent performance across all timeframe ranges
**Compatibility:**
- Universal timeframe support
- Optimized for all market types (forex, stocks, crypto, futures)
- Minimal computational overhead
---
## Support & Development
**Feedback Channels:**
- Comment section for user feedback and suggestions
- Bug reports and feature requests welcomed
- Community-driven enhancement consideration
**Documentation:**
- Well-commented source code for learning purposes
- Clear section organization for easy navigation
- Comprehensive type definitions for structural clarity
- Educational value for market structure concept understanding
---
## Version Information
**Version:** 1.0 (Initial Release)
**License:** Open Source
**Category:** Multi-Timeframe Analysis | Market Structure
**Compatibility:** All Timeframes
**Language:** Pine Script v5
---
**For optimal results:**
- Provide feedback through comments
- Share with trading communities
- Submit enhancement suggestions
- Report technical issues for resolution
**Professional Support:**
Available through comment section for technical inquiries, implementation questions, and feature requests.
---
*Developed for the TradingView trading community | Professional-grade market structure analysis | Open source contribution*
indicator CalibrationIndicator Calibration - Multi-Indicator Consensus System
Overview
Indicator Calibration is a powerful consensus-based trading indicator that leverages the MyIndicatorLibrary (NormalizedIndicators) to combine multiple trend-following indicators into a single, actionable signal. By averaging the normalized outputs of up to 8 different trend indicators, this tool provides traders with a clear consensus view of market direction, reducing noise and false signals inherent in single-indicator approaches.
The indicator outputs a value between -1 (strong bearish) and +1 (strong bullish), with 0 representing a neutral market state. This creates an intuitive, easy-to-read oscillator that synthesizes multiple analytical perspectives into one coherent signal.
🎯 Core Concept
Consensus Trading Philosophy
Rather than relying on a single indicator that may give conflicting or premature signals, Indicator Calibration employs a democratic voting system where multiple indicators contribute their normalized opinion:
Each enabled indicator votes: +1 (bullish), -1 (bearish), or 0 (neutral)
The votes are averaged to create a consensus signal
Strong consensus (closer to ±1) indicates high agreement among indicators
Weak consensus (closer to 0) indicates market indecision or transition
Key Benefits
Reduced False Signals: Multiple indicators must agree before strong signals appear
Noise Filtering: Individual indicator quirks are smoothed out by averaging
Customizable: Enable/disable indicators and adjust parameters to suit your trading style
Universal Application: Works across all timeframes and asset classes
Clear Visualization: Simple line oscillator with clear bull/bear zones
📊 Included Indicators
The system can utilize up to 8 normalized trend-following indicators from the library:
1. BBPct - Bollinger Bands Percent
Parameters: Length (default: 20), Factor (default: 2)
Type: Stationary oscillator
Strength: Mean reversion and volatility detection
2. NorosTrendRibbonEMA
Parameters: Length (default: 20)
Type: Non-stationary trend follower
Strength: Breakout detection with momentum confirmation
3. RSI - Relative Strength Index
Parameters: Length (default: 9), SMA Length (default: 4)
Type: Stationary momentum oscillator
Strength: Overbought/oversold with smoothing
4. Vidya - Variable Index Dynamic Average
Parameters: Length (default: 30), History Length (default: 9)
Type: Adaptive moving average
Strength: Volatility-adjusted trend following
5. HullSuite
Parameters: Length (default: 55), Multiplier (default: 1)
Type: Fast-response moving average
Strength: Low-lag trend identification
6. TrendContinuation
Parameters: MA Length 1 (default: 50), MA Length 2 (default: 25)
Type: Dual HMA system
Strength: Trend quality assessment with neutral states
7. LeonidasTrendFollowingSystem
Parameters: Short Length (default: 21), Key Length (default: 10)
Type: Dual EMA crossover
Strength: Simple, reliable trend tracking
8. TRAMA - Trend Regularity Adaptive Moving Average
Parameters: Length (default: 50)
Type: Adaptive trend follower
Strength: Adjusts to trend stability
⚙️ Input Parameters
Source Settings
Source: Choose your price input (default: close)
Can be modified to: open, high, low, close, hl2, hlc3, ohlc4, hlcc4
Indicator Selection
Each indicator can be enabled or disabled via checkboxes:
use_bbpct: Enable/disable Bollinger Bands Percent
use_noros: Enable/disable Noro's Trend Ribbon
use_rsi: Enable/disable RSI
use_vidya: Enable/disable VIDYA
use_hull: Enable/disable Hull Suite
use_trendcon: Enable/disable Trend Continuation
use_leonidas: Enable/disable Leonidas System
use_trama: Enable/disable TRAMA
Parameter Customization
Each indicator has its own parameter group where you can fine-tune:
val 1: Primary period/length parameter
val 2: Secondary parameter (multiplier, smoothing, etc.)
📈 Signal Interpretation
Output Line (Orange)
The main output oscillates between -1 and +1:
+1.0 to +0.5: Strong bullish consensus (all or most indicators agree on uptrend)
+0.5 to +0.2: Moderate bullish bias (bullish indicators outnumber bearish)
+0.2 to -0.2: Neutral zone (mixed signals or transition phase)
-0.2 to -0.5: Moderate bearish bias (bearish indicators outnumber bullish)
-0.5 to -1.0: Strong bearish consensus (all or most indicators agree on downtrend)
Reference Lines
Green line (+1): Maximum bullish consensus
Red line (-1): Maximum bearish consensus
Gray line (0): Neutral midpoint
💡 Trading Strategies
Strategy 1: Consensus Threshold Trading
Entry Rules:
- Long: Output crosses above +0.5 (strong bullish consensus)
- Short: Output crosses below -0.5 (strong bearish consensus)
Exit Rules:
- Exit Long: Output crosses below 0 (consensus lost)
- Exit Short: Output crosses above 0 (consensus lost)
Strategy 2: Zero-Line Crossover
Entry Rules:
- Long: Output crosses above 0 (bullish shift in consensus)
- Short: Output crosses below 0 (bearish shift in consensus)
Exit Rules:
- Exit on opposite crossover
Strategy 3: Divergence Trading
Look for divergences between:
- Price making higher highs while indicator makes lower highs (bearish divergence)
- Price making lower lows while indicator makes higher lows (bullish divergence)
Strategy 4: Extreme Reading Reversal
Entry Rules:
- Long: Output reaches -0.8 or below (extreme bearish consensus = potential reversal)
- Short: Output reaches +0.8 or above (extreme bullish consensus = potential reversal)
Use with caution - best combined with other reversal signals
🔧 Optimization Tips
For Trending Markets
Enable trend-following indicators: Noro's, VIDYA, Hull Suite, Leonidas
Use higher threshold levels (±0.6) to filter out minor retracements
Increase indicator periods for smoother signals
For Range-Bound Markets
Enable oscillators: BBPct, RSI
Use zero-line crossovers for entries
Decrease indicator periods for faster response
For Volatile Markets
Enable adaptive indicators: VIDYA, TRAMA
Use wider threshold levels to avoid whipsaws
Consider disabling fast indicators that may overreact
Custom Calibration Process
Start with all indicators enabled using default parameters
Backtest on your chosen timeframe and asset
Identify which indicators produce the most false signals
Disable or adjust parameters for problematic indicators
Test different threshold levels for entry/exit
Validate on out-of-sample data
📊 Visual Guide
Color Scheme
Orange Line: Main consensus output
Green Horizontal: Bullish extreme (+1)
Red Horizontal: Bearish extreme (-1)
Gray Horizontal: Neutral zone (0)
Reading the Chart
Line above 0: Net bullish sentiment
Line below 0: Net bearish sentiment
Line near extremes: Strong consensus
Line fluctuating near 0: Indecision or transition
Smooth line movement: Stable consensus
Erratic line movement: Conflicting signals
⚠️ Important Considerations
Lag Characteristics
This is a lagging indicator by design (consensus takes time to form)
Best used for trend confirmation rather than early entry
May miss the first portion of strong moves
Reduces false entries at the cost of delayed entries
Number of Active Indicators
More indicators = smoother but slower signals
Fewer indicators = faster but potentially noisier signals
Minimum recommended: 4 indicators for reliable consensus
Optimal: 6-8 indicators for balanced performance
Market Conditions
Best: Strong trending markets (up or down)
Good: Volatile markets with clear directional moves
Poor: Choppy, sideways markets with no clear trend
Worst: Low-volume, range-bound conditions
Complementary Tools
Consider combining with:
Volume analysis for confirmation
Support/resistance levels for entry/exit points
Market structure analysis (higher timeframe trends)
Risk management tools (ATR-based stops)
🎓 Example Use Cases
Swing Trading
Timeframe: Daily or 4H
Enable: All 8 indicators with default parameters
Entry: Consensus > +0.5 or < -0.5
Hold: Until consensus reverses to opposite extreme
Day Trading
Timeframe: 15m or 1H
Enable: Faster indicators (RSI, BBPct, Noro's, Hull Suite)
Entry: Zero-line crossover with volume confirmation
Exit: Opposite crossover or profit target
Position Trading
Timeframe: Weekly or Daily
Enable: Slower indicators (TRAMA, VIDYA, Trend Continuation)
Entry: Strong consensus (±0.7) with higher timeframe confirmation
Hold: Months until consensus weakens significantly
🔬 Technical Details
Calculation Method
1. Each enabled indicator calculates its normalized signal (-1, 0, or +1)
2. All active signals are stored in an array
3. Array.avg() computes the arithmetic mean
4. Result is plotted as a continuous line
Output Range
Theoretical: -1.0 to +1.0
Practical: Typically ranges between -0.8 to +0.8
Rare: All indicators perfectly aligned at ±1.0
Performance
Lightweight calculation (simple averaging)
No repainting (all indicators are non-repainting)
Compatible with all Pine Script features
Works on all TradingView plans
📋 License
This code is subject to the Mozilla Public License 2.0 at mozilla.org
🚀 Quick Start Guide
Add to Chart: Apply indicator to your chart
Choose Timeframe: Select appropriate timeframe for your trading style
Enable Indicators: Start with all 8 enabled
Observe Behavior: Watch how consensus forms during different market conditions
Calibrate: Adjust parameters and indicator selection based on observations
Backtest: Validate your settings on historical data
Trade: Apply with proper risk management
🎯 Key Takeaways
✅ Consensus beats individual indicators - Multiple perspectives reduce errors
✅ Customizable to your style - Enable/disable and tune to preference
✅ Simple interpretation - One line tells the story
✅ Works across markets - Stocks, crypto, forex, commodities
✅ Reduces emotional trading - Clear, objective signal generation
✅ Professional-grade - Built on proven technical analysis principles
Indicator Calibration transforms complex multi-indicator analysis into a single, actionable signal. By harnessing the collective wisdom of multiple proven trend-following systems, traders gain a powerful edge in identifying high-probability trade setups while filtering out market noise.
Structure Pilot - Z&Z [Wang Indicators]Structure Pilot Zone & Zil is a complete suite of structure driven features that's build around pattern that can be visible around any timeframe.
Built in collaboration with Dave Teaches,
All these tools were shaped and combined together as the only toolkit Structure & DTFX traders want to have !
▫️ Structures & Zones ▫️
Zones are drawn when a break of structure (new high or low being created) or a market reversal happens.
It will highlight the last valid down move before a new high for bullish zones and the last valid up move before a new low for bearish zones.
These zones are used to analyze the market trend and to make entries into the market trend once the price retraces into these zones.
For example, with the latest bullish zones drawn in green for LTF zones and in blue for HTF zones, when the price retraces into this zone, there is a strong probability that the price will turn around to provide a buying opportunity all the way to the top of the zone or even higher.
These buying opportunities generally occur at specific retracement levels in the 30%, 50% and 70% zones, automatically represented by broken lines in the zones when they are created.
Example with bullish zones :
The aim with these zones is to find places on the chart where it's best to buy or sell, in order to take the biggest possible move while minimizing your risk.
Indeed, if the price is rising and a bullish zone has been created, I don't want to buy on the highs, preferring to wait for a retracement in my bullish zone to buy lower and reduce my risk, as the invalidation of the current trend will be found below the last protected low under the bullish zone drawn in blue for the HTF and in green for the LTF. Conversely, if the price is falling and a bearish zone has been created, I don't want to sell at the bottom. I'd rather wait for a retracement in the bearish zone to sell higher and reduce my risk, as the invalidation of the current trend will this time be above the last protected high above the bearish zone drawn in orange for the HTF and red for the LTF.
Example with bearish zones :
When it comes to market structure, it's good to know that zones recur within the same trend at a frequency of between 3 and 6 before there's a trend reversal.
So, after a certain number of successive zones, you can expect a reversal or the last protected high or low to be breached. The indicator automatically counts the number of successive zones, so you can keep track of the market and avoid surprises.
The zones are generated through the structure length. It can be increased to display larger (and more important) zones.
As we recommend keeping the default value (20) for new traders, experienced traders will find some success with other settings depending on their strategies.
Structure Pilot also provides auto HTF Zones, which is particularly useful to have a macro vision of the market.
Settings:
Swing types: Bullish only, Bearish only, both, or none
Structure length
Swing count: useful when it comes to tracking Trend strenght in any given time frame
Show Zones: Display boxes with 30%, 50%, and 70% fibs
Show HTF Zones: Display HTF zones with the same retracement configuration as the regular zones
Show 30%, 50% and 70%: Enable/disable these options to show or hide the corresponding fibs.
Box visibility, Line width & Line style: Style configuration for the zone
All settings can be activated or deactivated in the indicator parameters to suit individual needs and preferences.
30% Level : This is often considered a shallow retracement. If prices pull back to this level after an uptrend and flip in a lower timeframe, traders might view it as a strong sign of continued bullish momentum. Conversely, after a downtrend, this level could act as a temporary resistance where sellers might re-enter after a flip in a lower timeframe.
50% Level : This level is seen as a balance point or midpoint in the price move. A retracement to 50% can indicate a strong trend change or continuation.
70% Level : A retracement this deep can signal that the market might be losing steam or that the previous trend could be weakening. If the price bounces off this level, it might suggest that the trend is still in control but needed a more significant correction before moving further in its original direction.
We as structure traders prefer to take entry out of The 50% or when price retrace past it
there will be something at the level i'm looking for price to reverse from either some specific candles or imbalances.
Advanced traders might combine these levels with other tools or chart patterns that we bundle in this indicator.
▫️ ZIL ▫️
The ZIL Indicator is designed to automate the process of identifying key structural levels in the market and applying Fibonacci retracements when a significant price break occurs.
The indicator detects when a market structure (high or low) is broken and a candle closes below the previous low or above the previous high, indicating a potential trend shift or continuation.
• Tracks the break of structural lows or highs and waits for a confirmation candle that closes above or bellow the candle that set the new low.
Automated Fibonacci Retracement:
• Once the structure break is confirmed, the indicator automatically plots a Fibonacci retracement between:
• The high of the last bullish move (before the new low is set) or the low of the last bearish move (before the new high is set)
• The newly formed low after the structure break or the newly formed high after the structure break
Fibonacci levels plotted with colors :
• -0.27 : Dark red - Stop loss
• 0 : white - The new high/low - Potential entry
• 0.3, Orange 0.5, Light green 0.7: Green : Levels - Partial and take profit zones
• 1.15 pale blue - for your runner
We may long the retracement when the price is comming from a bearish zone using the ZIL to manage
Example :
Multi-Timeframe Support:
• Using the option "HTF ZIL" will display ZIL on higher timeframe (corresponding to the HTF Zones) on your charts to help traders find structural breaks and Fibonacci setups in both short-term and long-term markets.
HTF ZIL is really usefull to manage trades if the regular ZIL target get ran through
Wang use case :
HTF zill level are used when the small zill get ran through
▫️ Opening Range Tracker ▫️
The Opening Range Tracker is designed to help traders identify and track the opening range of a specified time period, specifically starting with the 144-minute candle between 8:24 AM and 10:48 AM. (default value) The indicator highlights this range and automatically plots key levels (30%, 50%, 70%) to provide potential strong reaction areas for trading. The time period for the opening range is fully customizable, allowing users to adjust it according to their strategy.
Opening range should be seen and used as a classic zone. If we trade above or below it price tend to come back into it and bounce of of the One or multiple level...
classic 30/50/70.
• Customizable Opening Range: Adapt the indicator to any market or session by changing the opening range time window.
• Precise Levels for Trading: The 30%, 50%, and 70% levels provide key zones where price may react, helping traders define entries, exits, or stop loss placements.
• Visual Clarity: The range box and levels make it easy to see the important price areas during the opening range and the rest of the trading session. If we range a lot in the opening range, we may range for the rest of the day. We should keep that in mind to avoid taking wrong decisions.
its basically a large zone that's we have seen often time price rejects from the level in it
Daily Reset: Each trading day resets the opening range, giving traders fresh data and new opportunities to capitalize on market movements.
Structure Pilot is built for beginner and experienced. It provides the tools to the traders that want to learn, understand, and trade efficiently within the principles of structure trading.
▫️ Alerts▫️
Alerts can be configured to these events :
New Swing / HTF Swing
Trend Change
Zil attached to a zone/HTF zone
Price cross 30/50/70 zones levels
Trend change and align the HTF/LTF trend
On cross partial (50%) and take profit (70%) ZIL and HTF ZIL
On cross Zil can now be configured for Bull or Bear zone
On HTF ZIL when 30% is crossed
Lorentzian Length Adaptive Moving Average [LLAMA] Adaptation of "Machine Learning: Lorentzian Classification" by
Gradient color by base on work by
LLAMA: A regime-aware adaptive moving average that bends with the market.
Start with a problem traders know:
Traditional moving averages are either too slow (EMA200) or too fast (EMA9)
Adaptive MAs exist, but they often hug price too tightly or smooth too much, failing to balance bias and tactics
LLAMA uses a Lorentzian distance function to adapt its length dynamically. Instead of a fixed smoothing window, it stretches or contracts depending on market conditions. This distortion reduces lag while still providing a clear bias line.
The indicator looks back at recent bars and measures how similar they are using a Lorentzian distance (a log‑scaled absolute difference). It keeps track of the “nearest neighbors” — bars that most resemble the current regime. Each neighbor carries a label (long, short, neutral) based on simple price comparisons. By averaging these labels, LLAMA predicts whether the market is leaning bullish or bearish. That prediction is then mapped into a dynamic length between and .
Bullish bias -> length stretches toward max (smoother, more stable).
Bearish bias -> length contracts toward min (snappier, more reactive).
During breakouts, LLAMA tightens and comes into contact with bars, giving actionable signals. During chop, it stretches to avoid false triggers. It covers both ends of the spectrum (bias and tactics) in one line, something static MA's can't do.
Think of LLAMA as a lens that bends with the market:
Wide lens (max length) for big picture bias.
Narrow lens (min length) for tactical precision.
The "Lorentzian Loop" is the math that decides when to widen or narrow.
Count█ OVERVIEW
A library of functions for counting the number of times (frequency) that elements occur in an array or matrix.
█ USAGE
Import the Count library.
import joebaus/count/1 as c
Create an array or matrix that is a `float`, `int`, `string`, or `bool` type to count elements from, then call the count function on the array or matrix.
id = array.from(1.00, 1.50, 1.25, 1.00, 0.75, 1.25, 1.75, 1.25)
countMap = id.count() // Alternatively: countMap = c.count(id)
The "count map" will return a map with keys for each unique element in the array or matrix, and with respective values representing the number of times the unique element was counted. The keys will be the same type as the array or matrix counted. The values will always be an `int` type.
array mapKeys = countMap.keys() // Returns unique keys
array mapValues = countMap.values() // Returns counts
If an array is in ascending or descending order, then the keys of the map will also generate in the same order.
intArray = array.from(2, 2, 2, 3, 4, 4, 4, 4, 4, 6, 6) // Ascending order
map countMap = intArray.count() // Creates a "count map" of all unique elements
array mapKeys = countMap.keys() // Returns // Ascending order
array mapValues = countMap.values() // Returns count
Include a value to get the count of only that value in an array or matrix.
floatMatrix = matrix.new(3, 3, 0.0)
floatMatrix.set(0, 0, 1.0), floatMatrix.set(1, 0, 1.0), floatMatrix.set(2, 0, 1.0)
floatMatrix.set(0, 1, 1.5), floatMatrix.set(1, 1, 2.0), floatMatrix.set(2, 1, 2.5)
floatMatrix.set(0, 2, 1.0), floatMatrix.set(1, 2, 2.5), floatMatrix.set(2, 2, 1.5)
int countFloatMatrix = floatMatrix.count(1.0) // Counts all 1.0 elements, returns 5
// Alternatively: int countFloatMatrix = c.count(floatMatrix, 1.0)
The string method of count() can use strings or regular expressions like "bull*" to count all matching occurrences in a string array.
stringArray = array.from('bullish', 'bull', 'bullish', 'bear', 'bull', 'bearish', 'bearish')
int countString = stringArray.count('bullish') // Returns 2
int countStringRegex = stringArray.count('bull*') // Returns 4
To count multiple values, use an array of values instead of a single value. Returning a count map only of elements in the array.
countArray = array.from(1.0, 2.5)
map countMap = floatMatrix.count(countArray)
array mapKeys = countMap.keys() // Returns keys
array mapValues = countMap.values() // Returns counts
Multiple regex patterns or strings can be counted as well.
stringMatrix = matrix.new(3, 3, '')
stringMatrix.set(0, 0, 'a'), stringMatrix.set(1, 0, 'a'), stringMatrix.set(2, 0, 'a')
stringMatrix.set(0, 1, 'b'), stringMatrix.set(1, 1, 'c'), stringMatrix.set(2, 1, 'd')
stringMatrix.set(0, 2, 'a'), stringMatrix.set(1, 2, 'd'), stringMatrix.set(2, 2, 'b')
// Count the number of times the regex patterns `'^(a|c)$'` and `'^(b|d)$'` occur
array regexes = array.from('^(a|c)$', '^(b|d)$')
map countMap = stringMatrix.count(regexes)
array mapKeys = countMap.keys() // Returns
array mapValues = countMap.values() // Returns
An optional comparison operator can be specified to count the number of times an equality was satisfied for `float`, `int`, and `bool` methods of `count()`.
intArray = array.from(2, 2, 2, 3, 4, 4, 4, 4, 4, 6, 6)
// Count the number of times an element is greater than 4
countInt = intArray.count(4, '>') // Returns 2
When passing an array of values to count and a comparison operator, the operator will apply to each value.
intArray = array.from(2, 2, 2, 3, 4, 4, 4, 4, 4, 6, 6)
values = array.from(3, 4)
// Count the number of times and element is greater than 3 and 4
map countMap = intArray.count(values, '>')
array mapKeys = countMap.keys() // Returns
array mapValues = countMap.values() // Returns
Multiple comparison operators can be applied when counting multiple values.
intMatrix = matrix.new(3, 3, 0)
intMatrix.set(0, 0, 2), intMatrix.set(1, 0, 3), intMatrix.set(2, 0, 5)
intMatrix.set(0, 1, 2), intMatrix.set(1, 1, 4), intMatrix.set(2, 1, 2)
intMatrix.set(0, 2, 5), intMatrix.set(1, 2, 2), intMatrix.set(2, 2, 3)
values = array.from(3, 4)
comparisons = array.from('<', '>')
// Count the number of times an element is less than 3 and greater than 4
map countMap = intMatrix.count(values, comparisons)
array mapKeys = countMap.keys() // Returns
array mapValues = countMap.values() // Returns
3TF Supertrend Resonance— 4H/1H/15m+ 3TP/SLMTF Supertrend — 4H / 1H / 15m Confluence + Dynamic TP/SL + Adaptive Trend/Range Filters
This script is a multi-timeframe Supertrend confluence system designed for traders who operate on lower timeframes (15m / 1m) but want higher-timeframe structure, trend confirmation, and dynamic TP/SL projections.
It combines 4H + 1H + 15m Supertrend, trend alignment detection, range filtering, and auto-projected risk-based targets, providing a complete directional framework for both scalping and intraday swing entries.
👉1. Multi-Timeframe Supertrend Framework (4H / 1H / 15m)
The script calculates Supertrend levels and direction on three major timeframes:
-4H Supertrend
-1H Supertrend
-15m Supertrend
Users can choose between:
-Confirmed HTF values (no repaint)
-Live HTF values (more sensitive but may repaint)
Each Supertrend level is plotted on the current chart as a horizontal line, extended far to the left and slightly to the right, with optional lightweight labels showing direction and price.
These levels function as HTF dynamic support/resistance during intraday trading.
👉2. Confluence Detection (4H = 1H = 15m)
A trend confluence occurs when:
-4H direction = 1H direction = 15m direction
When the three timeframes align:
A full-height vertical line marks the first candle of confluence (color-coded bullish/bearish).
An alert is triggered:
“Triple-TF Trend Confluence — First Candle”
This identifies the earliest moment when the market shifts into unified directional behavior.
👉3. Trend Background Coloring (15m + 1m)
When confluence is active:
-Bullish confluence → Green background
-Bearish confluence → Red background
Background visualization is applied on:
-15m timeframe (main directional chart)
-1m timeframe (scalping entries with HTF alignment)
This ensures lower-timeframe decisions always stay aligned with higher-timeframe direction.
👉4. Weak-Trend / Range Detection (Only on 15m)
Even if all three timeframes are aligned, momentum may be weak.
Range/weak-trend detection activates when:
-Confluence = true
-AND (ADX < threshold OR Choppiness > threshold)
On 15m charts:
A grey overlay appears, covering green/red confluence colors.
First candle entering range shows a vertical grey mark (optional).
Alert:
“Confluence but Weak Momentum — First Candle”
This identifies moments where the market is aligned but lacking trend strength — a “trend that doesn’t move.”
👉5. Dynamic TP/SL Projection (1.5R / 3R / 4.5R)
Using the current timeframe’s Supertrend as a structural stop-loss:
SL = current Supertrend line
Risk = | Close - SL |
The script auto-calculates:
TP1 = 1.5 × risk
TP2 = 3.0 × risk
TP3 = 4.5 × risk
All projected upward for bullish trends and downward for bearish trends.
Displayed visually:
Dotted short-range lines for SL, TP1, TP2, TP3
Lightweight left-side labels showing:
SL price + distance
Individual TP prices
This provides an immediate R-multiple framework for trade planning.
👉6. 15m Supertrend Flip Indicator (Minimalistic)
When the 15m Supertrend changes direction:
A tiny circle marker is plotted:
-Bullish flip → below the bar, green
-Bearish flip → above the bar, red
Alerts:
“15m ST Flip Up (Bear → Bull)”
“15m ST Flip Down (Bull → Bear)”
This highlights early shifts in short-term structure before confluence or major trend changes occur.
👉7. Alerts Included
The script provides alerts for:
-Triple-TF Trend Confluence — First Candle
-Weak Trend / Range Start
-15m Supertrend Flip Up
-15m Supertrend Flip Down
These are practical for automated notifications when key structural conditions appear.
Summary
This script provides:
✅ Higher-Timeframe Context
4H, 1H, and 15m Supertrend levels + direction.
✅ Directional Certainty
Triple-timeframe confluence with visual + alert confirmation.
✅ Smart Background Guidance
Color-coded trend zones for 15m & 1m.
✅ Range / Weak Trend Filtering
Avoid false trends using ADX + Choppiness.
✅ Actionable TP/SL Framework
Auto-projected 1.5R / 3R / 4.5R + SL lines based on Supertrend structure.
✅ Precise Intraday Signals
15m Supertrend flips marked with minimalistic dots.
Trend Following Volatility TrailThe Trend Following Volatility Trail is a dynamic trend-following tool that adapts its stop, bias, and zones to real-time volatility and trend strength. Instead of using static ATR multiples like a normal Supertrend or Chandelier Stop, it continuously adjusts itself based on how stretched the market is and how persistent the trend has been.
This makes the system far more reactive during momentum phases and more conservative during consolidation, helping avoid fake flips and late entries.
How It Works
The indicator builds an adaptive trail around a smoothed price basis:
It starts with a short EMA as the “core trend line.”
It measures volatility expansion versus normal volatility.
It measures trend persistence by reading whether price has been rising or falling consistently.
These two components combine to adjust the ATR multiplier dynamically.
As volatility expands or the trend becomes more persistent, the bands widen. When volatility compresses or the trend weakens, the bands tighten.
These adaptive bands form the foundation of the trailing system.
Bull & Bear State Logic
The tool constantly tracks whether price is above or below the adaptive trail:
Price above the upper trail → Bullish regime
Price below the lower trail → Bearish regime
But instead of flipping immediately, it waits for confirmation bars to avoid noise. This greatly reduces whipsaws and keeps the focus on sustained moves.
Once a new regime is confirmed:
A coloured cloud appears (bull or bear)
A label marks the flip point
Alerts can be triggered automatically
Best Uses
Identifying regime shifts early
Riding sustained trends with confidence
Avoiding choppy markets by requiring confirmation
Using the adaptive cloud as a directional bias layer
EMA MTF Trend Dashboard (Cross & Bias Modes)EMA MTF Trend Dashboard (Cross & Bias Modes)
A clean, multi-timeframe trend-alignment tool designed to support disciplined entries and higher-probability trades.
________________________________________
🔍 What This Dashboard Does
The EMA MTF Trend Dashboard provides a clear, structured view of trend direction across seven key timeframes:
1m • 5m • 15m • 30m • 1H • 4H • Daily
It highlights your execution timeframe, displays EMA-based trend direction per timeframe, and produces a plain-English directional bias using either Single EMA mode or Dual EMA Cross mode.
This makes it useful for scalpers, intraday traders, swing traders, and anyone who wants clarity before executing a trade.
________________________________________
🧠 How to Read the Dashboard
1. Execution Timeframe (Blue Row)
The blue row is your execution timeframe — the timeframe used to calculate the final bias.
• In Chart mode, it automatically matches your current chart timeframe.
• In Locked mode, it remains fixed, even if you switch to other chart timeframes.
This ensures consistency and removes any ambiguity before entering a trade.
________________________________________
2. EMA Mode (Use Any Length You Like)
You’re free to choose any EMA lengths — the dashboard adapts to your strategy.
• Smaller EMAs (5–20):
React quickly and highlight short-term momentum changes or early trend shifts.
• Larger EMAs (50–200+):
Move more slowly and provide a smoother read of overall trend structure, filtering out low-timeframe noise.
This flexibility lets you tune the dashboard to your preferred approach — whether you want fast tactical signals or slower, more stable directional structure.
________________________________________
3. Cross & Bias Modes
The dashboard supports two core engines:
✔ Single EMA Mode (Price vs EMA + ATR Neutral Buffer)
A trend-following model that avoids false signals when price is close to the EMA.
✔ Dual EMA Cross Mode (Fast vs Slow EMA)
A crossover-based trend engine ideal for traders who prefer structure shifts based on EMA alignment.
You can switch modes instantly from the settings.
________________________________________
4. Bias (Plain-English Trend Assessment)
The bias row at the bottom shows the overall directional bias for the blue timeframe, calculated using weighted multi-timeframe logic:
• Strong Bull
• Bullish
• Neutral
• Bearish
• Strong Bear
This provides instant clarity on whether market conditions support (or conflict with) your trade idea.
________________________________________
5. Trend Table (Heatmap View)
Each timeframe shows:
• ▲ Bullish
• ▼ Bearish
• – Neutral
Colour coded for clarity:
• Green = bullish
• Red = bearish
• Grey = neutral
• Blue = execution timeframe highlight
This creates a clean, at-a-glance trend heatmap.
________________________________________
⚙️ Customisation Options
• Fully adjustable EMA lengths
• Single EMA mode (with ATR neutral zone)
• Dual EMA Cross mode (fast/slow)
• Selectable text colour (dark/light theme friendly)
• Execution timeframe mode: Chart or Locked
• Compact and visually clear table layout
________________________________________
✔ Why This Tool Helps
This dashboard gives traders a structured, rule-aligned view of trend direction by:
• Keeping you aligned with broader multi-timeframe structure
• Reducing counter-trend mistakes
• Clarifying trend shifts and momentum changes
• Making decision-making faster and more consistent
• Supporting any systematic or rule-based trading plan
It is a decision-support tool, not a buy/sell signal — making it useful for all trading styles.
________________________________________
📌 Notes for Users
• Non-repainting (uses confirmed closes)
• Works universally: Forex, crypto, indices, commodities
• Suitable for scalpers, day-traders, swing traders
________________________________________
💬 Feedback & Future Enhancements
If you’d like to see additional timeframes, alternative trend engines, an ultra-compact mode, or alert integrations, feel free to request upgrades.
Smart MA Crossover█ OVERVIEW
"Smart MA Crossover" is a technical analysis indicator designed to enhance the effectiveness of strategies based on MA crossovers, combining classic moving average crossovers with breakouts from boxes and dynamic trend visualizations. The indicator is fully customizable—you can freely adjust both parameters and graphical elements.
█ CONCEPTS
Trading approaches based solely on moving average crossover moments generate a large number of false signals. Smart MA Crossover was created to improve this statistic. That's why boxes are added, which are formed from the candle where the MA crossover occurred and generate signals only upon breakout from them. The boxes have bullish (green) and bearish (red) colors. By default, the show_only_matching filter is enabled, displaying entry signals only when the breakout direction matches the box color (e.g., only upward for a bullish box). Boxes are by default the size of the candle on which the crossover occurred, but their size can be adjusted to suit your strategy via an optional average candle size multiplier.
█ FEATURES
- Moving Averages: Two configurable MAs (fast_length, default 10; slow_length, default 30) with selectable type (SMA, EMA, WMA, HMA, VWMA). Optionally displayed with gradient fill between them (color depends on trend: green for uptrend, red for downtrend).
- MA Gradient and Candle Coloring: Enable gradient fill between MAs (transparency: gradient_opacity, default 85) and dynamic candle coloring based on trend (green/red).
- Fog Gradient Trend: Multi-layered gradient "fog" around hl2, consisting of 5 levels up and down, with offset based on average candle size (offset_mult, default 0.7) and increasing transparency (base_transp, default 80; transp_inc, default 4). Fog colors are dynamic (green/red).
- Breakout Boxes: Created at the moment of MA crossover, extending to the right. Box height optionally multiplied by average candle size (use_box_multiplier, box_multiplier, default 1.0). Boxes close and generate a signal when price breaks out beyond the top/bottom edge.
Signals:
- Triangles: Green downward triangles (buy breakout) below the bar, red upward triangles (sell breakout) above the bar—only on breakouts matching direction (if show_only_matching = true). When the matching filter is disabled, every box generates a signal based not on the MA crossover, but on the breakout direction.
- Labels: “BUY” (green, below bar) and “SELL” (red, iabove bar) with transparent background (transparency 40).
- Matching Filter: The show_only_matching option limits signals to breakouts consistent with box direction (bullish box → only buy, bearish → only sell).
- Visualization: Gradient MA lines, fill between MAs, multi-layered fog with increasing transparency, boxes with transparent background (85) and colored borders, dynamic trend colors.
- Alerts: Built-in alerts for BUY and SELL signals (with message including ticker and timeframe).
█ HOW TO USE
Add to Chart: Apply the indicator via Pine Editor or the Indicators menu on TradingView.
Configure Settings:
- MA Settings: Adjust fast (fast_length, default 10) and slow (slow_length, default 30) MA lengths and type (ma_type, default SMA).
- Visualization: Enable/disable MA lines (show_ma_lines), MA gradient (use_gradient_ma), fog trend (show_fog), candle coloring (color_candles).
- Boxes and Breakouts: Enable candle size multiplier (use_box_multiplier) and set value (box_multiplier, default 1.0). Enable signal filter (show_only_matching).
- Signals: Choose type (signal_type): Triangles or Labels (Buy/Sell).
- Fog Trend: Adjust offset (offset_mult), base transparency (base_transp), and increment (transp_inc). Select trend colors (col_up, col_dn).
Signal Interpretation:
- Buy Signals: Green triangles below the bar or “BUY” label—on upward breakout from a bullish box (after bull cross).
- Sell Signals: Red triangles above the bar or “SELL” label—on downward breakout from a bearish box (after bear cross).
- Fog and Gradient: green fog/fill = uptrend; red = downtrend.
- Boxes: Active boxes indicate potential breakout zones; their closure confirms the move.
Signal Confirmation: Use with other tools, such as support/resistance levels, volume, or additional MAs to filter false crossovers.
█ APPLICATIONS
- MA Cross Strategies: Replace classic crossovers—boxes and breakouts eliminate many false signals, thereby increasing effectiveness. Confirm with other indicators, e.g., RSI, Fibonacci, FVG, pivot levels.
- Trend Following: Can be used as a classic trend indicator, especially with larger MA values.
█ NOTES
- Test the indicator across different timeframes and assets, adjusting MA lengths and box multiplier to market volatility.
- In consolidating markets, the indicator generates more false signals.
Kalman Multi Timeframe TrendThe Kalman Multi Timeframe Trend uses a Kalman-filtered “fair value” line on two timeframes to map out trend structure and bias. Instead of relying on raw EMAs, it smooths price with a Kalman filter on both the chart timeframe (LTF) and a higher timeframe (HTF), then shows how price behaves relative to both.
When price trades above both Kalman lines, the market is in a strong, aligned bullish state. When it trades below both, it is in a strong, aligned bearish state. The indicator plots the LTF and HTF Kalman lines and draws a coloured cloud between them only when both are pointing in the same direction, visually highlighting high-conviction trend regimes.
Key points:
Kalman filter creates a smooth, adaptive fair value line on both LTF and HTF.
Bull cloud appears when price is above both Kalman lines (strong uptrend context).
Bear cloud appears when price is below both Kalman lines (strong downtrend context).
Great as a bias layer: trade in the direction of the active cloud, be cautious when no cloud is present.
Alerts fire when price first moves into a bull or bear Kalman Cloud regime.
Trend Zone BreakoutsThe HD Trend Zone Breakouts indicator identifies when the market is trending strongly on both your chart timeframe and a higher timeframe, then tracks moments where price becomes stretched inside that trend. When this stretch occurs, the indicator builds a dynamic zone capturing the full high–low range during that extension. Once the stretch ends, the zone is frozen, and the script waits to see how price reacts to it. Breakouts above or below these zones signal whether the trend is likely to continue or fail. This creates a powerful structure-based way to time entries, exits, and reversals without relying on noisy overbought/oversold signals.
How It Works
Confirms trend direction on both lower and higher timeframes using an EMA-based regime.
Detects stretched conditions using RSI only when both timeframes are aligned.
Draws a price zone around candles formed during these extreme trend pushes.
Freezes the zone once the stretch ends, creating a reference area.
Monitors for breakouts above/below the zone to confirm trend continuation or trend failure.
Breakout Logic
Bull continuation → price breaks above the top of a bullish zone.
Bull failure → price breaks below the bottom of a bullish zone.
Bear continuation → price breaks below the bottom of a bearish zone.
Bear failure → price breaks above the top of a bearish zone.
Why It’s Useful
Distinguishes meaningful extensions from ordinary RSI signals.
Provides clear structural levels for timing trades.
Identifies trend continuation early and flags potential reversals.
Works extremely well alongside EMAC Forecast, Trend Exhaustion Lite, and Volatility Squeeze.
Emac ForecastEMAC Forecast System
What it measures
The EMAC Forecast measures the speed and persistence of trend movement. Instead of only looking at whether one EMA is above or below another, the forecast quantifies how quickly momentum is building or fading across multiple time horizons.
It captures three things at once:
The direction of the underlying trend
The rate at which the trend is strengthening or weakening
The consistency of that change across several smoothing speeds
This produces a forward leaning view of trend conditions, not a trailing confirmation.
How to read the forecast
The EMAC Forecast is displayed as a scaled oscillator, typically ranging between negative and positive values.
Positive forecast values
Indicate that bullish trend pressure is increasing.
Higher readings mean stronger acceleration, not just price rising.
Negative forecast values
Indicate increasing bearish pressure.
Again, the strength of the negative reading reflects how quickly selling momentum is building.
Rising forecast (slope up)
Shows improving momentum, even if the value is still below zero.
Useful for catching early reversals or transitions from chop to trend.
Falling forecast (slope down)
Shows momentum fading, even when trend direction has not flipped yet.
Helps anticipate exhaustions and pullbacks.
Flat forecast
Indicates low conviction and lack of directional drive.
Often corresponds to chop or range conditions.
Why the EMAC Forecast is different from a regular EMAC
A standard EMAC or EMA crossover follows a simple rule:
When fast EMA crosses above slow EMA, bullish.
When fast EMA crosses below slow EMA, bearish.
This is reactive and only changes after price has already moved.
The EMAC Forecast works differently:
1. Uses multiple EMAs rather than two
Instead of comparing one fast and one slow average, it blends several time constants into a composite signal.
This creates a smoother, more reliable directional read.
2. Measures acceleration, not just position
Traditional crossovers only monitor whether lines have crossed.
EMAC Forecast measures the speed and force behind the movement.
It tells you how strong the trend is becoming, not just whether one line is above the other.
3. Adapts to volatility
Sharp markets increase weighting of fast components.
Calm markets increase influence of slower components.
This reduces whipsaws in low-volatility conditions and improves responsiveness in high-volatility environments.
4. Gives actionable information before a crossover happens
The forecast often turns before the EMAC direction flips, allowing early detection of:
Trend ignition
Trend fade
Momentum squeezes
Impending reversals
It effectively “leans forward” into the trend instead of waiting for a full reversal.
Practical Use Cases
Early trend identification
When the forecast first turns positive or negative, trend acceleration is beginning.
This is often visible before the EMAC lines cross.
Confirming the Combined Forecast System
Use the EMAC Forecast to validate signals from your other forecast models.
If both agree, conviction is notably higher.
Filtering noise
Short-term whipsaws are reduced because the composite structure dilutes erratic fast movements.
Trend aging and exhaustion
A falling forecast during a positive trend suggests reduced conviction and potential exhaustion.
Emac ML Adaptive CrossoverThe HDAlgos EMAC ML Adaptive Crossover is an adaptive trend reading and crossover system that uses a lightweight machine learning style scoring engine to detect regime shifts in the market. It blends multiple normalised technical features and automatically adjusts EMA lengths based on the detected market regime.
How it works
Feature Engine
The script computes several normalised indicators including RSI, ATR percentage, and Rate of Change. Each feature is converted into a z score so that the values behave consistently across different markets and timeframes. These feature values are then averaged to form a composite regime score.
Regime Detection
The composite score is compared to a dynamic upper and lower threshold. If the score rises above the upper boundary the regime becomes bullish. If the score falls below the lower boundary it becomes bearish. If it stays between the two boundaries the market is classified as neutral.
Adaptive EMAs
The fast and slow EMA lengths are automatically adjusted depending on the detected regime.
• In bullish regimes the fast and slow EMAs shorten.
• In bearish regimes they lengthen.
• In neutral regimes they revert to their base lengths.
This creates an EMA crossover system that responds to market volatility and directional strength rather than using fixed lookback values.
Crossovers
When the adaptive fast EMA crosses above the adaptive slow EMA, a bullish signal appears. When it crosses below, a bearish signal appears.
Visual Aids
• The fast EMA changes color to reflect the current regime.
• Candles can be optionally painted in regime colors.
• A label on the last bar shows the detected regime, score, and active EMA lengths.
• A compact table can be shown in the corner summarizing regime state and metrics.
Alerts
Alerts trigger when the regime changes, when a bullish adaptive crossover occurs, and when a bearish adaptive crossover occurs.
What it is designed for
This indicator is built for traders who want a crossover system that adapts to real market conditions instead of reacting to fixed length EMAs. It provides:
Smoother identification of trend phases
Dynamic sensitivity during strong conditions
Dampened reactions during noise and low conviction periods
Clear and simple signals that remain easy to interpret
High Volume Zones with Signals – HVZ█ OVERVIEW
"High Volume Zones with Signals – HVZ" is a technical analysis indicator that identifies High Volume Zones (HVZ) on the chart and draws them as fully customizable boxes. Perfect for traders using price action, ICT, and Smart Money Concepts. The indicator highlights key volume-based support/resistance levels, detects potential consolidation zones (very large candles), and generates precise breakout and exit signals. Flexible volume filters, ATR filter, and visual styling options ensure a clean and highly effective chart.
█ CONCEPTS
The indicator detects candles with volume significantly above the average (default ≥ 2× SMA of volume over 20 periods). Such candles often signal institutional activity and create strong supply/demand zones.
The ATR filter additionally identifies very large candles – frequently a sign of market capitulation (panic buying/selling). Within the range of such a candle, prolonged consolidation often occurs, especially on higher timeframes (e.g., 4H and above).
Why are HVZ important? High-volume zones are areas where the market has left a large number of orders – institutions return there to “refresh” liquidity before the next move. A breakout against the zone’s character triggers a Break signal:
- Bullish HVZ broken downward (close below the lower boundary) → Break Down (sell),
- Bearish HVZ broken upward (close above the upper boundary) → Break Up (buy).
Note: The indicator requires real exchange volume – it will not work correctly on instruments without reported volume (e.g., certain CFDs or forex).
█ FEATURES
- HVZ Detection: Automatic identification of high-volume zones with Volume SMA Length and Volume Multiplier filters; historical initialization up to 500 candles back.
- ATR Filter: Optional detection of very large candles (potential consolidation/capitulation) using - ATR Length and ATR Multiplier; three action modes:
Skip Zone – large candle creates no zone,
Separate Color – zone is drawn in a distinct style (gray by default),
Normal Zone – treated like a regular HVZ.
- Gray zones (large candles, Separate Color): generate exactly the same Break signals as regular zones – based solely on the original candle direction (bullish → Break Down on lower break, bearish → Break Up on upper break). Gray color is only a visual marker for potential consolidation/capitulation zones.
- Customizable Boxes: Separate styles for bullish and bearish zones (border color, background gradient, line thickness and style); adjustable background and 50 % midline transparency.
- Break & Exit Signals:
Break Up/Down – green/red triangle after a candle closes outside the zone (zone disappears, triangle remains as a trace).
Exit Up/Down – green/red circle when price leaves the zone without a full breakout.
Signal Type option: Break, Exit, or Both.
- Midline: Automatic dashed line at the 50 % zone level with independent transparency control.
- Chart Cleanup: Automatic removal of inactive zones older than 500 candles (max_boxes_count=500).
- Alerts: Built-in alerts for Break Up and Break Down with clear messages.
█ HOW TO USE
Add to Chart: Paste the script in Pine Editor or find it in TradingView’s indicator library.
Configure Settings:
- Volume Filter: Volume SMA Length (default 20) and Volume Multiplier (default 2.0) – higher multiplier = fewer but stronger zones.
- ATR Filter: Enable/disable, set ATR Length (14) and ATR Multiplier (3.5); choose action for very large candles (Skip Zone / Separate Color / Normal Zone).
- Box Style: Background transparency (90) and midline transparency (70).
- Bull/Bear Box Style: Border and gradient colors, line thickness (1-5).
- ATR Style: Separate colors for large-candle zones (gray by default).
- Signal Settings: Choose Signal Type (Break/Exit/Both) and signal colors.
Signal Interpretation:
- Break Up (green triangle below bar): Bearish HVZ broken upward → buy signal, continuation of uptrend.
- Break Down (red triangle above bar): Bullish HVZ broken downward → sell signal, continuation of downtrend.
- Exit Up/Down (circles): Price leaves zone without breakout – may signal end of correction or reversal setup.
- HVZ Zones: Price often returns to high-volume zones to clear orders. An unfilled zone remains a price magnet.
- 50 % Level (midline): Ideal target for partial take-profit or reaction point inside the zone.
Combine signals with other tools (e.g., RSI, MACD, higher timeframes) for higher confidence.
█ APPLICATIONS
- Price Action & ICT: HVZ act as dynamic S/R; in an uptrend look for buys after breaking a bearish HVZ, in a downtrend look for sells after breaking a bullish HVZ. If you trade retests instead of breakouts, increase Volume Multiplier to 2.5-3.0 – fewer zones but much stronger. Note that after breaking a very strong zone, price often pulls back deeply before continuing.
- Breakout Strategies: For maximum Break signals, lower Volume Multiplier to 1.5-1.8 – gives many high-quality entries in trending markets. Always trade in the direction of the prevailing trend (e.g., only longs in uptrends). Enter after a Break signal with confirmation from volume or momentum (MACD above zero, RSI >50 for longs, <50 for shorts).
█ NOTES
- The indicator requires real exchange volume – it will not function properly on instruments without reported volume (e.g., certain CFDs, forex).
- Always confirm signals with additional context (market structure, higher timeframe).
Avg % Move Dashboard — Body and WicksTitle
Avg % Move Dashboard — Body and Wicks (w/ True Range)
Summary
Compact right-side dashboard showing the average percent move of recent candles:
Body size (absolute % from Open to Close)
Body bias (signed %, with up/down arrow and color)
Full range (High–Low %)
True range (ATR-style % relative to previous close)
Perfect for quickly gauging current market velocity and directional skew on any symbol or timeframe.
How It Works
Body % (per bar): (Close − Open) / Open × 100
Full range % (per bar): (High − Low) / Open × 100
True range % (per bar): max(High−Low, |High−PrevClose|, |Low−PrevClose|) / PrevClose × 100
Averages: Simple moving averages over the last N candles
Rounding: Values rounded to your chosen decimals
Bias row: shows signed average body percent with an ↑/↓ arrow and green/red color; near-zero values can display a neutral ⟷ based on a threshold
Settings
Candles to average (default 20): Window length for SMA calculations.
Decimals: Rounding precision for display.
Dashboard position: Top/Middle/Bottom Right.
Dashboard size: Tiny, Small, Normal, Large, Huge.
Background Color: Panel background.
Text Color (size rows): For non-bias rows.
Near-zero threshold (%): If the average body bias absolute value is below this, show neutral (⟷) instead of bullish/bearish.
What to show (toggles):
Show Body (Open→Close)
Show Full Range (High→Low)
Show True Range (ATR-style)
What You’ll See
Body size: average absolute body percent (magnitude only).
Body bias: average signed body percent with:
↑ and green if bullish
↓ and red if bearish
⟷ and gray if within the near-zero threshold
Full Range: average percent from High to Low.
True Range: average percent true range relative to previous close.
Footer: n = number of candles used.
How to Use
Add to any chart and timeframe; it overlays a table on the right-side.
Use “Body size” to assess typical candle strength.
Use “Body bias” to see directional skew:
Strong positive = persistent buying pressure.
Strong negative = persistent selling pressure.
Near-zero = balanced/sideways conditions.
Compare “Full range” vs “Body size”:
Large range but small body may indicate indecision or wicky conditions.
“True range” offers a classic ATR-style read (relative to prior close), useful for volatility-aware sizing.
Adjust “Candles to average” to your timeframe:
Short-term (scalps): 20–50
Intraday: 50–100
Swing: 100–200+
Best Practices
Pair with structure (S/R, sessions) to avoid false impressions in thin markets.
Increase length on noisy pairs/timeframes to smooth out noise.
Use the near-zero threshold to suppress micro-bias and focus on meaningful shifts.
Alerts
This dashboard is informational and doesn’t define alertconditions in the code. If you’d like, I can add optional alerts (e.g., bias flips from bearish to bullish beyond threshold, or volatility spikes on TR) — just say the word.
Limitations
This panel summarizes recent averages; it’s not a signal generator.
Values can differ across assets/timeframes; tune “Candles to average.”
True Range uses prev close normalization; that’s by design for ATR-style context.
Changelog
v1.0: Initial release — Body size, Body bias (with arrows/colors/neutral), Full Range, True Range, configurable UI.
Range breaking indicatorDescription
Bull/Bear Area Ratio (last N candles) helps identify potential end-of-range situations by analyzing the relative strength of bullish vs bearish candles over a rolling window of N bars.
Instead of simply counting up or down candles, this script measures the "area" of each candle — the absolute distance between open and close, optionally weighted by volume.
By summing these areas over the last N bars, it calculates the percentage of bullish and bearish energy within that period.
When both sides become balanced (near 50/50), it often signals range exhaustion or possible trend transition.
How it works
Calculates the bullish and bearish area of each candle (abs(close - open), optionally × volume).
Maintains rolling buffers of the last N bars to compute running totals.
Plots both Bullish % (green) and Bearish % (red).
Highlights possible range-ending zones when the bullish ratio nears 50% ± threshold.
Displays a label showing the current balance.
Includes an alert condition when equilibrium is detected.
Inputs
Number of candles (N) – Rolling window length.
Use volume weighting – Multiplies each candle’s area by its volume.
Balance threshold (%) – Sensitivity for detecting equilibrium (default: 10%).
Best use
Combine with volume or volatility indicators to confirm market compression or expansion.
Use on higher timeframes (H1, H4, D1) to detect early signs of accumulation or distribution.
Works across all asset types: crypto, forex, stocks, indices, etc.
Alerts
An alert is triggered when:
“The range of the last N candles is balanced (possible end of range).”
Breakout ScannerThis is a Breakout Scanner that shows you the immediate trend across 4 higher timeframes for up to 10 different tickers. It calculates a score from 1 to 3 for bullish and -1 to -3 for bearish based on where price is currently at compared to the previous higher timeframe’s candle levels.
When price is breaking out of the previous higher timeframe candle’s range, then it will have a score of 3 for bullish breakout or -3 for bearish breakout. When price is above the high or below the low of multiple different higher timeframe candles, you can expect price to continue the breakout and move to a new area of price range.
The brighter red or green the color is, the stronger the trend is on that timeframe. When it shows a bright green or red box on the far right side of a ticker, it is notifying you that the ticker is bullish or bearish on all timeframes and trending strongly, so switch over to that chart and look to trade in the direction of that trend.
The tickers, colors and time frames can be customized to suit your preference and you can also turn off as many tickers or time frames as you’d like if you want less tickers or time frames to show up on the indicator. It also includes alerts for when all timeframes are bullish or all timeframes are bearish for one ticker.
Make sure to keep each timeframe set to a timeframe that is higher than your chart timeframe.
Bullish Scoring & Colors
If the current candle close is above the midline of the higher time frame candle, it is given a score of 1 and a dark green background. If the current candle close is above the higher timeframe candle body, then it is given a score of 2 and a medium green background. If the current candle close is above the high of the higher time frame candle, it is given a score of 3 and a bright green background.
The higher the score the stronger the bullish trend and the brighter green the color will be.
Bearish Scoring & Colors
If the current candle close is below the midline of the higher timeframe candle, it is given a score of -1 and a dark red background. If the current candle close is below the higher timeframe candle body, then it is given a score of -2 and a medium red background. If the current candle close is below the low of the higher timeframe candle, it is given a score of -3 and a bright red background.
The lower the score, the stronger the bearish trend and the brighter red the color will be.
Total Score Display
On the right side of the indicator table, there is a column that displays the total score by adding all the scores together so you can easily tell the overall strength of the trend across all timeframes. Wait for the trend score to be at least 75% of the possible score to trade so you can ensure you are only trading very strong trends and increase your probability of winning your trade. The total score will update according to how many time frames you have enabled in the settings. You can also turn on or off the total score count if you prefer. The default setting is off.
All Timeframe Trends Agree
When all of the timeframes that you have turned on are in the same direction at the same time, a green or red box will appear on the far right side of the scanner. This is a visual cue that lets you know the strongest trending markets without having to read any of the numbers. Make sure to check out the charts for the markets that have a green or red box on the far right side and look for potential trend trading opportunities.
Alerts
You can set alerts for when all time frames for a certain ticker are bullish or bearish. If you have some time frames turned off at the time of creating your alerts, then it will only require all time frames that are on to be all bullish or bearish to generate an alert. Make sure to set your alerts to once per bar close to ensure you don’t get premature alerts that aren’t yet valid.
Best Way To Use The Scanner
For best results, make sure you wait for the trend to show all bullish or all bearish at the same time and then look to trade in the direction of the strong trend. If you can be patient enough to do that, you will increase the probability of winning your trade because you are trading with the direction of the overall higher timeframe trend when the market is trending strongly and making new highs or lows.
When one of the markets in the scanner shows all timeframes trending, go to that chart and see how price action is reacting to the previous higher timeframe candle levels. You can see those levels easily by adding our Higher Timeframe Candle Levels indicator to your chart and using the same timeframes as your Breakout Scanner is using.
If price is holding the higher timeframe candle levels well, then look to place trades in the direction of the trend that the Breakout Scanner is showing.
Other Indicators To Pair This With
Use this in combination with our Higher Timeframe Candle Levels indicator so you can see all of these levels being used to calculate the trend strength scores and watch how price reacts to those levels. You should also use our Trend Strength Indicator to easily read the historical trends of price compared to the higher timeframes and use those trends to guide you on when to trade and which direction to trade.
Trend Strength Indicator, Higher Timeframe Candle Levels and the Breakout Scanner all use the same levels to calculate the trend scores so they are designed to work all together to help you quickly be able to read a chart and find what direction to trade in.
Higher Timeframe Candle LevelsThis is an indicator that shows higher time frame candle levels from various preset timeframes. These higher time frame candles act as support and resistance levels, so look for reversals and continuations off of these levels. When price exceeds the high or low of these levels, you should look for breakouts in the same direction and trade with the trend.
It includes candle levels for the following timeframes: 1 hour, 4 hour, 1 day, 1 week, 1 month, 1 quarter and 1 year. The indicator also includes a trend candle coloring feature, trend strength scoring table, stop loss feature, line identification labels, alerts for trend changes, alerts for level touches and full customization of all options.
How To Trade With This Indicator
These higher timeframe candle levels will act as support and resistance levels, so look for price to react at any of the levels you have turned on and then look for potential bounce or reversal signs at those levels so you can trade those direction changes. Price outside of the higher timeframe candle highs and low typically signals a breakout as well, so look for price to continue after passing the highs or lows.
You can use the direction of the higher timeframe candles as your trend as well. Try to only trade in the direction of the trend of the higher timeframes to increase the likelihood of your trade going in your favor.
The highs and lows of daily and up levels are excellent levels to find quick reversal off of. Watch for price action to struggle to break through these levels and then trade the reversal. If price breaks through these levels easily, watch for price to retest the level and then continue beyond that level. Trade the retest in the direction of the trend.
The open, close and midline levels are excellent for trading bounces. Watch for price to form wicks beyond these levels and close on the other side and use that as a sign that price may bounce there. Use that with price action to confirm your trade and then take trades off of those level bounces.
Use the alerts for daily and up timeframe level touches across all of your favorite markets so that way you are always notified in real time when price is at a level that could provide a potential trading opportunity.
Higher Time Frame Candle Levels
The indicator shows the current candle open, previous open, previous high, previous low, previous close and previous candle body midline levels of each candle for each time frame. This helps you easily see what is going on with the higher time frame candles and read the price action from your lower time frame charts.
Each candle level will paint red if it was a down candle or green if it was an up candle, except the midlines and current candle open lines, those are a different color for easy differentiation. The line colors can be customized to your preferences in the settings and you can also toggle the candle body coloring on or off, as well as change the color of the candle body background.
Each timeframe can be adjusted to your preferences, allowing you to turn all of the levels on or off. You can also adjust how many previous candles show up on your chart so you can backtest it and see for yourself how accurate these levels are.
When adjusting the number of candles, you will get a notification if you have more than 500 lines turned on, so just turn down the number of levels for whatever timeframe you can’t see on your chart to lower that number below 500. The notification will go away once you are under 500 lines again. Each candle has 6 lines if all levels are turned on for that timeframe: open, current candle open, close, high, low and midline. The default settings keep you under 500 lines total, so just be aware of that limitation when adjusting those numbers and adjust the number of levels down on the timeframes that are not useful on the current chart bar.
You can also extend the levels right on any time frame from the daily levels and above. This is useful when price is breaking above or below all levels and you need to know if there are any other previous candle levels in the way as price moves away from the most recent higher time frame candles.
To understand the intraday trend of each higher time frame, look to see where price is at according to each higher time frame candle. If the price is above the midline of the candle, it is bullish. If the price is above the candle body it is more bullish. If the price is above the high, it is very bullish. If the price is below the midline of the candle, it is bearish. If the price is below the candle body it is more bearish. If the price is below the low, it is very bearish. Make sure you backtest this yourself and go through lots of historical data to get a feel for how price reacts to these levels and establishes the trend. Then use that trend information to your advantage and trade in the direction of the trend.
Since users are limited to a certain amount of historical bars based on which Tradingview plan you have, some longer timeframe levels won’t show up because the start of that candle is too far back in history. You will get a notification at the top of that chart if that happens. It will tell you to lower the display timeframe for that timeframe until that notification goes away, which means it was able to plot the most recent candle for that timeframe on your chart.
Trend Candle Coloring
The indicator includes a feature that paints the candles based on whether the current time frame candles are above or below the most recent midline, candle body or high & low of a higher time frame candle of your choice. This helps you see the overall trend of the higher timeframe so you can trade with the trend.
The candle coloring will have an up color, down color and neutral color which can all be customized to suit your preferences. If the current time frame candle close is above the setting you choose, it will show the up color. If the current time frame candle close is below the setting you choose, it will show the down color. If the current time frame candle close is equal to or in the middle of the setting you chose, it will show the neutral color.
So, for example if you set it to candle body, then it will show the up color if the current candle is above the top of the candle body, down color if it is below the bottom of the candle body and neutral color if it is inside the candle body. This helps you wait for price action to move beyond the inside of the previous higher time frame candle before taking a position when price is breaking out of that previous candle so you can trade the momentum of that move. The candle coloring is fully customizable, but make sure to turn off your candle coloring on other indicators and your chart settings for it to show up properly.
Trend Strength Scoring Table
The trend strength scoring table displays a table at the bottom of the screen(table position is customizable), showing a score for the trend strength of each higher time frame. If the current candle close is above the midline, its strength is 1. If the current candle close is above the midline, but below the top of the candle body, its strength is 2. If the current candle close is above the high, its strength is 3. The same goes for below the midline, bottom of the candle body and below the low, but the scores would be negative 1, 2 or 3 instead.
This trend strength table allows you to quickly identify the trend on each higher time frame so you can wait until the trend is the same across all time frames before placing a trade in the direction of the trend. It also shows a total score on the far right side that adds all of the current trend scores together to give you a total strength score. Try to only trade when that number is very high compared to how many time frames you have turned on. Each time frame can have up to a maximum score of 3 if bullish and -3 if bearish. Each time frame in the table can be turned on or off to suit your preferences.
Stop Loss Feature
There is also a stop loss feature that you can set to whatever time frame you choose and whatever direction you chose, such as long or short. It will follow the most recent higher time frame candle’s trend using one of the following settings: candle body, high & low or midline. Once a new higher time frame candle is created, the stop loss will update to the most recent candle’s levels so you can use these levels as a trailing stop loss to maximize your wins.
If you have it set to use the candle body and it is set to long mode, then the stop loss will use the previous higher time frame candle’s lowest candle body level. So if it was an up candle previously, it will use the open. If it was a down candle previously, it will use the close. The opposite is true for short positions.
The stop loss will start working once you turn it on in the settings and will update automatically as new higher time frame candles are formed. It also shows a line of where the stop loss was previously since it was turned on.
I recommend using the high & low setting, especially when the market starts trending.
Candle Level Identification Labels
There are labels for each level starting with the 4 hour time frame and above so you can easily tell what level of each candle you are looking at, even if the rest of the candle is not showing within the chart pane. You can customize the label coloring for up candles and down candles and midlines as well as adjust the number of bars that the labels are offset from the current bar so they are visible on your chart without overlapping the current price action or other indicator labels. Labels for each time frame can be turned on or off as needed. The 1 hour labels were not included because it clogs up the chart, but it has labels for all time frames from the 4 hour candles and up.
Alerts
The indicator includes alerts for when the trend has changed to the opposite direction. The trend change alert is based on your settings for the Trend Candle Coloring. Whatever settings you have the trend candle coloring set to, will be used to set up your alerts. The Trend Candle Coloring setting must be turned on as well when creating your alerts for it to work properly. Make sure to backtest your settings and then create your alerts.
It also has alerts for when price is touching an open or close, high or low, midline or any of those levels for each timeframe. This allows you to be notified when price touches one of these levels so you can check the chart and look for potential trade opportunities if price wants to bounce off of that level. To make it easy for you to get alerts on many different tickers, just use the alert for any level touch on whatever timeframes you want.
Other Indicators To Pair This With
Use this in combination with our Trend Strength Indicator so you can visually see the historic and current trend for all of these levels. You should also use our Breakout Scanner to find other markets with strong trends so you always know which market is trending the strongest and can trade those. Trend Strength Indicator, Higher Timeframe Candle Levels and the Breakout Scanner all use the same levels and calculate the trend scores the same way so they are designed to work together to help you quickly be able to read a chart and find what direction to trade in.
Choch Pattern Levels WITH ALERTS [credit to: @BigBeluga]🔵 OVERVIEW
The Choch Pattern Levels WITH ALERTS indicator automatically detects Change of Character (CHoCH) shifts in market structure — crucial moments that often signal early trend reversals or major directional transitions. It plots the structural break level, visualizes the pattern zone with triangle overlays, and tracks delta volume to help traders assess the strength behind each move. Now, an additional feature of alerts have been included!
🔵 CONCEPTS
CHoCH Pattern: A bullish CHoCH forms when price breaks a previous swing high after a swing low, while a bearish CHoCH appears when price breaks a swing low after a prior swing high.
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Break Level Mapping: The indicator identifies the highest or lowest point between the pivot and the breakout, marking it with a clean horizontal level where price often reacts.
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Delta Volume Tracking: Net bullish or bearish volume is accumulated between the pivot and the breakout, revealing the momentum and conviction behind each CHoCH.
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Chart Clean-Up: If price later closes through the CHoCH level, the zone is automatically removed to maintain clarity and focus on active setups only.
🔵 FEATURES
Automatic CHoCH pattern detection using pivot-based logic.
Triangle shapes show structure break: pivot → breakout → internal high/low.
snapshot
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Horizontal level marks the structural zone with a ◯ symbol.
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Optional delta volume label with directional sign (+/−).
Green visuals for bullish CHoCHs, red for bearish.
Fully auto-cleaning invalidated levels to reduce clutter.
Clean organization of all lines, labels, and overlays.
User-defined Length input to adjust pivot sensitivity.
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NEW! - alert system inserted to Pinescript for either: any triangle forms or whether a bullish "green" triangle or bearish "red" triangle forms - providing real-time alerts for whenever timeframe chart you've selected while creating the alert.
🔵 HOW TO USE
Use CHoCH levels as early trend reversal zones or confirmation signals.
Treat bullish CHoCHs as support zones, bearish CHoCHs as resistance.
Look for high delta volume to validate the strength behind each CHoCH.
Combine with other BigBeluga tools like supply/demand, FVGs, or liquidity maps for confluence.
Adjust pivot Length based on your strategy — shorter for intraday, longer for swing trading.
🔵 CONCLUSION
Choch Pattern Levels WITH ALERTS highlights key structural breaks that can mark the start of new trends. By combining precise break detection with volume analytics and automatic cleanup, it provides actionable insights into the true intent behind price moves — giving traders a clean edge in spotting early reversals and key reaction zones with real-time alerts for precision to evaluate and enter markets.
Smart VWAP FVG SystemSmart VWAP FVG System - Professional Multi-Filter Trading Indicator
📊 OVERVIEW
The Smart VWAP FVG System is an advanced multi-layered trading indicator that combines institutional volume analysis, multi-timeframe VWAP trend confirmation, and Fair Value Gap detection to identify high-probability trade entries. This indicator uses a sophisticated filtering mechanism where signals appear only when multiple independent confirmation criteria align simultaneously.
Recommended Timeframe: 5-minute (M5) or higher. The indicator works best on M5, M15, and M30 charts for intraday trading.
🎯 ORIGINALITY & PURPOSE
This indicator is original because it combines three distinct analytical methods into a unified decision-making system:
Market Profile Volume Analysis - Identifies institutional accumulation/distribution zones
Dual VWAP Filtering - Confirms trend direction using two independent VWAP calculations
Fair Value Gap Detection - Validates institutional interest through price inefficiency zones
The key innovation is the directional filter system: the primary Market Profile generates BUY-ONLY or SELL-ONLY states based on higher timeframe value area reversals, which then controls which signals from the main system are displayed. This creates a multi-timeframe confluence that significantly reduces false signals.
Unlike simple indicator mashups, each component serves a specific purpose:
Market Profile → Direction bias (trend filter)
Primary VWAP (Session) → Short-term trend confirmation
Secondary VWAP (Week) → Medium-term trend confirmation
FVG Detection → Institutional activity validation
🔧 HOW IT WORKS
1. Primary Market Profile Filter (Higher Timeframe)
The indicator calculates Market Profile on a higher timeframe (default: 1 hour) to determine the overall market structure:
Value Area High (VAH): Top 70% of volume distribution
Value Area Low (VAL): Bottom 70% of volume distribution
Point of Control (POC): Price level with highest volume
When price reaches VAH and reverses down → SELL-ONLY mode activated
When price reaches VAL and reverses up → BUY-ONLY mode activated
This higher timeframe filter ensures you're trading in the direction of institutional flow.
2. Dual VWAP System
Two independent VWAP calculations provide multi-timeframe trend confirmation:
Primary VWAP (Session-based): Resets daily, tracks intraday momentum
Secondary VWAP (Week-based): Resets weekly, confirms longer-term trend
Filter Logic:
BUY signals require: Price > Primary VWAP AND Price > Secondary VWAP
SELL signals require: Price < Primary VWAP AND Price < Secondary VWAP
This dual confirmation prevents counter-trend trades during ranging conditions.
3. Fair Value Gap (FVG) Detection
FVG zones identify price inefficiencies where institutional orders were executed rapidly:
Bullish FVG: Gap between candle .high and candle .low (upward imbalance)
Bearish FVG: Gap between candle .high and candle .low (downward imbalance)
The indicator monitors recent FVG formation (lookback: 50 bars) and requires:
Bullish FVG present for BUY signals
Bearish FVG present for SELL signals
FVG zones are displayed as colored boxes and automatically marked as "mitigated" when price fills the gap.
4. Main Trading Signal Logic
The secondary Market Profile (default: 1 hour) generates the actual trading signals:
BUY Signal Conditions:
Price reaches Value Area Low
Reversal pattern confirmed (minimum 1 bar)
Price > Primary VWAP
Price > Secondary VWAP (if filter enabled)
Recent Bullish FVG detected (if filter enabled)
Primary MP Filter = BUY-ONLY or NEUTRAL
SELL Signal Conditions:
Price reaches Value Area High
Reversal pattern confirmed (minimum 1 bar)
Price < Primary VWAP
Price < Secondary VWAP (if filter enabled)
Recent Bearish FVG detected (if filter enabled)
Primary MP Filter = SELL-ONLY or NEUTRAL
All conditions must be TRUE simultaneously for a signal to appear.
📈 VISUAL ELEMENTS
On Chart:
🟢 Green Triangle (▲) = BUY Signal
🔴 Red Triangle (▼) = SELL Signal
🟦 Blue horizontal lines = Value Area zones
🟡 Yellow line = Point of Control (POC)
🟩 Green boxes = Bullish FVG zones
🟥 Red boxes = Bearish FVG zones
🔵 Blue line = Primary VWAP (Session)
⚪ White line = Secondary VWAP (Week)
Info Panel (Top Right):
Real-time status display showing:
Filter Direction (BUY ONLY / SELL ONLY / NEUTRAL)
Active timeframes for both MP filters
FVG filter status and count
VWAP positions (ABOVE/BELOW)
Signal enablement status
Alert status
⚙️ KEY SETTINGS
MP/TPO Filter Settings (Primary Indicator)
MP Filter Time Frame: 60 minutes (controls directional bias)
Filter Value Area %: 70% (standard Market Profile calculation)
Filter Alert Distance: 1 bar
Filter Min Bars for Reversal: 1 bar
Filter Alert Zone Margin: 0.01 (1%)
FVG Filter Settings
Use FVG Filter: Enabled (toggle on/off)
FVG Timeframe: 60 minutes (1 hour)
FVG Filter Mode: Both (require bullish FVG for BUY, bearish for SELL)
FVG Lookback Period: 50 bars (how far back to search)
Show FVG Formation Signals: Optional visual markers
Max FVG on Chart: 50 zones
Show Mitigated FVG: Display filled gaps
Market Profile Settings
Higher Time Frame: 60 minutes (for main signals)
Percent for Value Area: 70%
Show POC Line: Enabled
Keep Old MPs: Enabled (maintain historical profiles)
Primary VWAP Filter
Use Primary VWAP Filter: Enabled
Primary VWAP Anchor Period: Session (resets daily)
Primary VWAP Source: HLC3 (typical price)
Secondary VWAP Filter
Use Secondary VWAP Filter: Enabled
Secondary VWAP Anchor Period: Week (resets weekly)
Secondary VWAP Filter Mode: Both
Secondary VWAP Line Color: White
Trading Signals
Show Trading Signals on Chart: Enabled
Show SELL Signals: Enabled
Show BUY Signals: Enabled
Alert Distance: 1 bar
Min Bars for Reversal: 1 bar
Alert Zone Margin: 0.01 (1%)
Retest Search Period: 20 bars
Min Bars Between Retests: 5 bars
Show Only Retests: Disabled
Alert Settings
Enable Trading Notifications: Enabled
VAH Reversal Alert: Enabled (SELL signals)
VAL Reversal Alert: Enabled (BUY signals)
Time Filter Settings
Filter Alerts By Time: Optional (exclude specific hours)
⚠️ IMPORTANT WARNINGS & LIMITATIONS
1. Repainting Behavior
CRITICAL: This indicator uses lookahead=barmerge.lookahead_on to access higher timeframe data immediately for FVG detection. This is necessary to provide real-time FVG zone visualization but has the following implications:
FVG zones may shift slightly until the higher timeframe candle closes
FVG detection signals are preliminary until HTF bar confirmation
The main trading signals (triangles) appear on confirmed bars and do not repaint
Best Practice: Always wait for the current timeframe bar to close before acting on signals. The filter status and FVG zones are informational but may adjust as new data arrives.
2. Minimum Timeframe
Do NOT use on timeframes below 5 minutes (M5)
Recommended: M5, M15, M30 for intraday trading
Higher timeframes (H1, H4) can also be used but will generate fewer signals
3. Multiple Filters Can Block Signals
By design, this indicator is conservative. When all filters are enabled:
Signals appear ONLY when all conditions align
You may see extended periods with no signals
This is intentional to reduce false positives
If you see no signals:
Check the Info Panel to see which filters are failing
Consider adjusting FVG lookback period
Temporarily disable FVG filter to test
Verify VWAP filters match current market trend
4. Market Profile Limitations
Market Profile requires sufficient volume data
Low-volume instruments may produce unreliable profiles
Value Areas update only on higher timeframe bar close
Works best on liquid markets (major forex pairs, indices, crypto)
📖 HOW TO USE
Step 1: Add to Chart
Apply indicator to M5 or higher timeframe chart
Ensure chart shows volume data
Use standard candles (NOT Heikin Ashi, Renko, etc.)
Step 2: Configure Settings
Primary MP Filter TF: Set to 60 (1 hour) minimum, or 240 (4 hour) for swing trading
Main MP TF: Set to 60 (1 hour) for intraday signals
FVG Timeframe: Match or exceed main MP timeframe
Leave other settings at default initially
Step 3: Understand the Info Panel
Monitor the top-right panel:
FILTER STATUS: Shows current directional bias
NEUTRAL = Both signals allowed
BUY ONLY = Only green triangles will appear
SELL ONLY = Only red triangles will appear
FVG Filter: Shows if bullish/bearish gaps detected recently
VWAP positions: Confirms trend alignment
Step 4: Take Signals
For BUY Signal (Green Triangle ▲):
Wait for green triangle to appear
Check Info Panel shows ✓ for BUY signals
Confirm current bar has closed
Enter long position
Stop loss: Below recent VAL or swing low
Target: Previous Value Area High or 1.5-2× risk
For SELL Signal (Red Triangle ▼):
Wait for red triangle to appear
Check Info Panel shows ✓ for SELL signals
Confirm current bar has closed
Enter short position
Stop loss: Above recent VAH or swing high
Target: Previous Value Area Low or 1.5-2× risk
Step 5: Risk Management
Risk per trade: Maximum 1-2% of account equity
Position sizing: Adjust based on stop loss distance
Avoid trading: During major news events or time filter periods
Multiple confirmations: Look for confluence with price action (support/resistance, trendlines)
🎓 UNDERLYING CONCEPTS
Market Profile Theory
Developed by J. Peter Steidlmayer in the 1980s, Market Profile organizes price and volume data to identify:
Value Areas: Where 70% of trading activity occurred
POC: Price level with highest acceptance (most volume)
Imbalances: When price moves away from value quickly
This indicator uses TPO (Time Price Opportunity) calculation method to build the volume profile distribution.
VWAP (Volume Weighted Average Price)
VWAP represents the average price weighted by volume, showing where institutional traders are positioned:
Price above VWAP = Bullish (institutions accumulated lower)
Price below VWAP = Bearish (institutions distributed higher)
Using dual VWAP (Session + Week) creates multi-timeframe trend alignment.
Fair Value Gaps (FVG)
Also known as "imbalance" or "inefficiency," FVG occurs when:
Price moves so rapidly that a gap forms in the candlestick structure
Indicates institutional order flow (large market orders)
Price often returns to "fill" these gaps (rebalance)
The 3-candle FVG pattern (gap between candle and candle ) is widely used in ICT (Inner Circle Trader) methodology and Smart Money Concepts.
🔍 CREDITS & CODE ATTRIBUTION
This indicator builds upon established technical analysis concepts and combines multiple methodologies:
1. Market Profile / TPO Calculation
Concept Origin: J. Peter Steidlmayer (Chicago Board of Trade, 1980s)
Code Inspiration: TradingView's public domain Market Profile examples
Modifications: Custom filtering logic for directional bias, dual timeframe implementation
2. VWAP Calculation
Concept Origin: Standard financial instrument (widely used since 1980s)
Code Base: TradingView built-in ta.vwap() function (public domain)
Modifications: Dual VWAP system with independent anchor periods, custom filtering modes
3. Fair Value Gap Detection
Concept Origin: Inner Circle Trader (ICT) / Smart Money Concepts methodology
Code Implementation: Original implementation based on 3-candle gap pattern
Features: Multi-timeframe detection, automatic mitigation tracking, visual zone display
4. Pine Script Framework
Language: Pine Script v6 (TradingView)
Built-in Functions Used:
ta.vwap() - Volume weighted average price
request.security() - Higher timeframe data access
ta.change() - Period detection
ta.cum() - Cumulative volume
time() - Timestamp functions
Note: All code is original implementation. While concepts are based on established trading methodologies, the combination, filtering logic, and execution are unique to this indicator.
📊 RECOMMENDED INSTRUMENTS
Best Performance:
Major Forex Pairs (EURUSD, GBPUSD, USDJPY)
Stock Indices (ES, NQ, SPX, DAX)
Major Cryptocurrencies (BTCUSD, ETHUSD)
Liquid Stocks (high daily volume)
Avoid:
Low-volume altcoins
Illiquid stocks
Exotic forex pairs with wide spreads
⚡ PERFORMANCE TIPS
Start Conservative: Enable all filters initially
Reduce Filters Gradually: If too few signals, disable Secondary VWAP filter first
Match Timeframes: Keep MP Filter TF and FVG TF at same value
Backtest First: Review historical performance on your preferred instrument/timeframe
Combine with Price Action: Look for support/resistance confluence
Use Time Filter: Avoid low-liquidity hours (optional setting)
🚫 WHAT THIS INDICATOR DOES NOT DO
Does not guarantee profits - No trading system is 100% accurate
Does not predict the future - Based on historical patterns
Does not replace risk management - Always use stop losses
Does not work on all instruments - Requires volume data and liquidity
Does not provide exact entry/exit prices - Signals are zones, not precise levels
Does not account for fundamentals - Purely technical analysis
📜 DISCLAIMER
This indicator is provided for educational and informational purposes only. It is not financial advice, and past performance does not guarantee future results.
Trading Risk Warning:
All trading involves risk of loss
You can lose more than your initial investment (leverage products)
Only trade with capital you can afford to lose
Always use appropriate position sizing and risk management
Consider seeking advice from a licensed financial advisor
Technical Limitations:
Indicator may repaint FVG zones until HTF bar closes
Signals are based on historical patterns that may not repeat
Market conditions change and no system works in all environments
Volume data quality varies by exchange/broker
By using this indicator, you acknowledge these risks and agree that the author bears no responsibility for trading losses.
📞 SUPPORT & UPDATES
Questions? Comment on this publication
Issues? Describe the problem with chart screenshot
Feature Requests? Suggest improvements in comments
Updates: Will be published as new versions using TradingView's update feature
📝 VERSION HISTORY
Version 1.0 (Current)
Initial public release
Multi-filter system: MP + Dual VWAP + FVG
Directional bias filter
Real-time info panel
Comprehensive alert system
Time-based filtering
Thank you for using Smart VWAP FVG System!
Happy Trading! 📈
Squeeze Go Momentum Pro [KingThies] █ OVERVIEW
The Squeeze Momentum Pro indicator identifies volatility compression phases and breakout opportunities by comparing Bollinger Bands to Keltner Channels. When price consolidates (squeeze), the bands contract inside the channels, signaling an imminent breakout. The momentum histogram shows directional bias, helping traders anticipate which way price will move when the squeeze releases.
This indicator displays in a separate panel below the price chart, providing clear visual signals without cluttering price action.
█ KEY FEATURES
Momentum Histogram
The histogram is the primary visual element, displaying momentum strength and direction with four distinct color states:
• Dark Green (#00C853) — Strong bullish momentum that is increasing. This signals strengthening upward pressure and potential continuation.
• Light Green (#26A69A) — Bullish momentum that is decreasing. Price remains in bullish territory but upward force is weakening.
• Dark Red (#D32F2F) — Strong bearish momentum that is increasing. This signals strengthening downward pressure and potential continuation.
• Light Red (#EF5350) — Bearish momentum that is decreasing. Price remains in bearish territory but downward force is weakening.
The color intensity provides immediate feedback on momentum strength and trend health.
Squeeze State Indicator
Colored dots on the zero line communicate the current volatility state:
• Orange Dots — Squeeze is ON. Bollinger Bands have contracted inside Keltner Channels, indicating consolidation and low volatility.
A breakout is building and traders should prepare for directional movement.
• Green Dots — Squeeze is OFF. Bollinger Bands have expanded outside Keltner Channels, indicating active momentum and higher volatility.
Price is moving with conviction in the current direction.
• Gray Dots — Neutral state. The bands are transitioning between squeeze states.
Release Triangles
Triangle shapes mark the exact bar when a squeeze releases, providing precise entry timing:
• Green Triangle Up — Bullish squeeze release. The squeeze has ended with positive momentum, suggesting a long setup opportunity.
• Red Triangle Down — Bearish squeeze release. The squeeze has ended with negative momentum, suggesting a short setup opportunity.
Information Panel
A compact dashboard in the top-right corner displays real-time trading intelligence:
• Squeeze Status — Current state: ON, OFF, or NEUTRAL with color coding
• Momentum Direction — Current bias: BULL or BEAR
• Momentum Value — Precise numerical reading of momentum strength
• Trading Signal — Actionable status: LONG SETUP, SHORT SETUP, WAIT, or MONITOR
Configurable Parameters
All calculation inputs are adjustable to match your trading style and timeframe:
• BB Length — Bollinger Bands period (default: 20)
• BB StdDev — Bollinger Bands standard deviation multiplier (default: 2.0)
• KC Length — Keltner Channels period (default: 20)
• KC ATR Multiplier — Keltner Channels range multiplier (default: 1.5)
• Momentum Length — Linear regression period for momentum calculation (default: 20)
Alert System
Four alert conditions notify you of critical trading opportunities:
• Bullish Squeeze Release — Squeeze has released with bullish momentum, indicating a potential long entry
• Bearish Squeeze Release — Squeeze has released with bearish momentum, indicating a potential short entry
• Squeeze Started — Volatility compression detected, prepare for upcoming breakout
• Squeeze Ended — Volatility expansion confirmed, breakout is active
█ TRADING METHODOLOGY
The indicator follows a clear four-step process for identifying and trading squeeze breakouts:
1 - Wait for Orange Dots . When orange dots appear on the zero line, a squeeze is building. This indicates price consolidation and declining volatility.
Do not enter trades during this phase. Instead, prepare by identifying key support and resistance levels and potential breakout directions.
2 - Watch for Release Triangle . When a triangle appears, the squeeze has released and a breakout is beginning. This is your entry signal.
The triangle color (green up or red down) combined with the histogram direction indicates the breakout direction.
3 - Confirm with Histogram Direction . Check the momentum histogram for directional confirmation:
• Green histogram + green triangle up = Go long. Bullish momentum supports upward breakout.
• Red histogram + red triangle down = Go short. Bearish momentum supports downward breakout.
4 - Monitor Momentum Intensity . Stay in the trade while histogram bars maintain their dark, intense color.
When colors lighten (dark green to light green, or dark red to light red), momentum is weakening and you should consider taking profits or tightening stops.
█ INTERPRETATION GUIDE
Squeeze Detection Logic
A squeeze occurs when Bollinger Bands contract inside Keltner Channels. This happens when:
• Standard deviation of price decreases (BB narrows)
• Price consolidates within a tight range
• Volatility compresses to unsustainable levels
The orange dots signal this condition, warning traders that explosive movement is imminent.
Squeeze Release Logic
A squeeze releases when Bollinger Bands expand outside Keltner Channels. This happens when:
• Price volatility increases sharply
• Price breaks out of consolidation
• Volume typically expands (check volume separately)
The green dots and release triangles signal this condition, indicating the direction and timing of the breakout.
Momentum Reading
The histogram uses linear regression to calculate momentum relative to the midpoint of the recent range:
• Above Zero : Price is trading above the range midpoint with bullish pressure
• Below Zero : Price is trading below the range midpoint with bearish pressure
• Increasing Bars : Momentum is strengthening in the current direction (darker color)
• Decreasing Bars : Momentum is weakening in the current direction (lighter color)
█ BEST PRACTICES
• Timeframe Selection — The indicator works on all timeframes but performs best on 15-minute to daily charts.
Lower timeframes may produce more false signals due to noise.
• Confluence Trading — Combine squeeze releases with support/resistance levels, trend lines, or other indicators for higher probability setups.
• Volume Confirmation — Check that squeeze releases occur with increasing volume. Low volume breakouts are more likely to fail.
• Multiple Timeframe Analysis — Check higher timeframes for overall trend direction. Trade squeeze releases that align with the larger trend.
• Parameter Adjustment — Increase BB and KC lengths for smoother signals on higher timeframes. Decrease for more sensitive signals on lower timeframes.
█ LIMITATIONS
• The indicator does not predict breakout direction before the squeeze releases. The momentum histogram provides bias but is not definitive until the breakout occurs.
• False breakouts can occur, particularly in choppy or low-volume market conditions. Always use proper risk management and stop losses.
• The indicator works best in trending markets. In deeply ranging markets with no clear direction, squeeze signals may be less reliable.
• Momentum calculations use linear regression which can lag during extremely fast price movements. Confirm signals with price action.
█ NOTES
This implementation uses linear regression for momentum calculation rather than simple moving averages, providing more responsive and accurate directional signals. The four-color histogram system gives traders nuanced feedback on momentum strength that binary color schemes cannot provide.
The indicator automatically adjusts to any symbol and timeframe without modification, making it suitable for stocks, forex, crypto, and futures markets.
█ CREDITS
Squeeze methodology inspired by John Carter's TTM Squeeze indicator. Momentum calculation and visual design optimized for modern trading workflows.
SuperTrend Dual RMAOverview
The SuperTrend Dual RMA is a hybrid volatility-based trend-following system that merges two Relative Moving Averages (RMAs) with an Average True Range (ATR)–anchored SuperTrend framework. The primary purpose of this indicator is to offer a smoother and more reliable depiction of directional bias while maintaining sensitivity to price volatility and market volume.
Traditional SuperTrend implementations typically rely on a single moving average and a fixed volatility envelope. This dual RMA structure introduces an adaptive central tendency line that reacts proportionally to both price and volume, allowing for more nuanced identification of trend reversals and continuation patterns.
**Core Concept**
The indicator is built around two key principles — smoothing and volatility adaptation.
1. **Smoothing:** The use of two separate RMAs with configurable lengths creates a dynamic equilibrium between short-term responsiveness and long-term stability. The first RMA captures near-term directional shifts, while the second provides broader market context. The average of both becomes the foundation of the SuperTrend bands.
2. **Volatility Adaptation:** The ATR multiplier and period define the distance between upper and lower bands relative to recent volatility. This ensures that the SuperTrend line remains flexible across varying market conditions — expanding during high volatility and contracting during calm phases.
**Calculation Steps**
* The indicator first computes two volume-weighted RMAs based on the typical price (`hlc3`) multiplied by trading volume.
* Each RMA is normalized by the smoothed volume to maintain proportional weighting.
* These two RMAs are averaged to produce a “basis line” that reflects the current market consensus price.
* The ATR is calculated over a user-defined period, then multiplied by a volatility factor (ATR multiplier).
* The resulting ATR value defines dynamic upper and lower thresholds around the basis line.
* Trend direction is determined by price closing behavior relative to these thresholds:
* When the closing price exceeds the upper band, the trend is considered bullish.
* When it drops below the lower band, the trend turns bearish.
* If price remains within the bands, the prior trend direction is maintained for consistency.
**Visual Structure**
The SuperTrend Dual RMA provides multiple layers of visual feedback for enhanced interpretation:
* Two distinct RMA lines (short and long) are plotted with complementary colors for contrast and clarity.
* A soft fill between the RMA lines highlights the interaction between short- and medium-term momentum.
* The ATR-based SuperTrend bands are drawn above and below the basis, with adaptive coloring that corresponds to the prevailing trend direction.
* Bar colors automatically adjust to reflect bullish or bearish bias, making it easy to identify trend shifts without relying solely on crossovers.
* Optional triangle markers appear below or above bars to signal potential buy or sell opportunities based on crossover logic.
**Signals and Alerts**
The indicator provides real-time crossover detection:
* **Buy Signal:** Triggered when the closing price moves above the SuperTrend line, confirming potential bullish continuation or reversal.
* **Sell Signal:** Triggered when the closing price drops below the SuperTrend line, indicating possible bearish momentum or reversal.
Both conditions have built-in `alertcondition()` functions, allowing users to set automated alerts for trading or monitoring purposes. This enables integration with TradingView’s alert system for push notifications, emails, or webhook connections.
**Usage Guidelines**
* **Trend Identification:** Use the color-coded trend line and bar color as a visual guide to the current directional bias.
* **Entry and Exit Timing:** Consider entering trades when a new crossover alert appears, preferably in the direction of the overall higher-timeframe trend.
* **Parameter Tuning:** Adjust the RMA lengths and ATR parameters based on asset volatility. Shorter RMA and ATR settings provide faster reactions, suitable for intraday or high-frequency trading, while longer configurations better fit swing or position strategies.
* **Risk Management:** Because the SuperTrend inherently acts as a dynamic stop level, traders can use the opposite band or SuperTrend line as a trailing stop or exit signal.
**Practical Applications**
* Trend confirmation in multi-timeframe strategies.
* Adaptive trailing stop placement using the lower or upper band.
* Visual comparison of volume-weighted price movement against volatility envelopes.
* Integration into algorithmic trading systems as a signal filter or trend bias component.
* Identification of overextended conditions when price significantly diverges from the SuperTrend basis.
**Originality and Advantages**
The SuperTrend Dual RMA differentiates itself from conventional SuperTrend scripts through three innovative design choices:
1. **Dual Volume-Weighted RMAs:** By incorporating two RMAs weighted by trading volume, the indicator accounts for liquidity dynamics, producing smoother and more reliable averages compared to price-only calculations.
2. **Anchored SuperTrend Framework:** The SuperTrend bands are not derived from a fixed source (such as a single close or median price) but from a blended RMA basis, making them more adaptable to varying market behaviors.
3. **Integrated Multi-Layer Visualization:** The inclusion of filled regions between RMAs, dynamic band coloring, and bar tinting enhances readability and analytical depth without overwhelming the chart.
These improvements collectively create a more balanced and data-rich representation of market structure, offering a higher degree of analytical precision. It’s suitable for traders seeking both discretionary and systematic use, as the indicator’s logic is transparent and compatible with alert-based or automated workflows.
**Summary**
The SuperTrend Dual RMA is a refined evolution of the classic SuperTrend, optimized for traders who value smoother directional tracking and more intelligent volatility adaptation. It blends two time-sensitive, volume-aware moving averages with an ATR-derived volatility system to deliver reliable, actionable trend information. Its visual design, adaptive responsiveness, and integrated alert functionality make it a complete solution for identifying and managing trends across multiple asset classes and timeframes.
