Fibonacci Entry Zone [OTE] (@ath.snipr)🇬🇧 English Description
📌 Fibonacci Entry Zone – @ath.snipr
Fibonacci Entry Zone is an indicator designed to automatically detect market structure, identify Change of Character (CHoCH), and project Optimal Trade Entry (OTE) zones using Fibonacci retracements.
It is suitable for scalping, day trading, and swing trading across all markets (Forex, indices, crypto, commodities).
🎯 Indicator Purpose
This indicator helps traders to:
✔ Detect significant swing highs and lows
✔ Identify structure shifts (CHoCH)
✔ Automatically draw Fibonacci retracement levels
✔ Highlight the Golden Zone (OTE)
✔ Dynamically track new swings in real-time
The goal is to patiently wait for price to retrace into a high-probability value area instead of chasing price.
🧠 How It Works
1️⃣ Market Structure Detection
The algorithm detects price pivots to identify:
📈 Bullish structure: Higher High / Higher Low
📉 Bearish structure: Lower High / Lower Low
When a structure shift occurs, a CHoCH label appears and a new Fibonacci projection is automatically created.
2️⃣ Fibonacci OTE Levels
Fibonacci levels are calculated between the latest swing high and swing low.
Default levels:
0.50
0.618
These represent the Optimal Trade Entry (OTE) zone where price statistically reacts more often.
The Golden Zone can be filled for better visualization.
3️⃣ Dynamic Updates
When Swing Tracker is enabled:
Fibonacci levels automatically update as new swings form.
The projection always stays aligned with the current market structure.
4️⃣ Visual Elements
The indicator displays:
✔ CHoCH labels
✔ Break of Structure lines
✔ Swing trend line (dotted)
✔ Swing price labels
✔ Extended Fibonacci levels
Everything is fully customizable.
🛠️ Key Settings
Structure
Structure Period – Swing sensitivity (higher = stronger structure).
Bullish / Bearish – Enable bullish or bearish structures.
BoS Width – Structure line thickness.
Fibonacci Mode
Swing Tracker – Auto-update Fibonacci levels.
Swing Line – Show swing connection line.
Swing Labels – Show swing price labels.
Fibonacci
Extend – Extend levels to current price.
Previous – Keep previous levels.
Fill Golden Zone – Highlight OTE zone.
Levels – Customize Fibonacci levels.
📈 How to Trade with It (example)
▶ Bullish Scenario
A bullish CHoCH appears.
Price impulsively moves up.
Wait for a retracement into the Golden Zone (0.5 – 0.618).
Confirm with your strategy (price action, liquidity, SMT, etc.).
Enter long with stop below the last swing low.
▶ Bearish Scenario
Same logic in reverse.
⚠️ Disclaimer
This indicator is a decision-support tool only.
It does not guarantee profits and must be used with proper risk management and personal confirmation.
Indikator-Indikator Rentang
Sector Momentum Dashboard (3-1M / 6-1M / 12-1M, Compact)This indicator provides a compact sector‑momentum dashboard designed for ETF rotation and relative strength analysis. It calculates true daily momentum using three institutional lookback windows (3‑1M, 6‑1M, 12‑1M), allowing traders to evaluate short‑term, medium‑term, and long‑term sector leadership. The table ranks major US sector ETFs by momentum, highlights the strongest and weakest performers, and updates dynamically regardless of the chart timeframe. This tool is intended for traders who want a clear, efficient view of sector rotation trends to support tactical allocation, momentum strategies, and market‑strength assessment.
Crypto Options Confluence Overlay Crypto Options Confluence Overlay is a decision-first options framework designed to help crypto traders answer one core question clearly and consistently:
Should I trade CALLs, PUTs, or stand down today?
This indicator does not attempt to price options or replace Greeks. Instead, it focuses on timing, directional bias, and structured exits, using a confluence of price, volatility, momentum, and higher-timeframe context on the daily chart.
It is designed specifically for crypto options and perpetuals, where volatility is high and overstaying trades is often more dangerous than missing them.
What This Indicator Shows
1️⃣ Directional Bias (CALL / PUT / NO-TRADE)
CALL → bullish directional environment
PUT → bearish directional environment
NO-TRADE → mixed alignment (stand down)
This bias is derived from:
Mean trend alignment
Momentum structure (Stoch RSI behavior)
Volatility context (ATR + deviation bands)
Optional weekly directional filter
2️⃣ Timing Window
The indicator highlights whether a trade window is ACTIVE, BUILDING, or OFF.
ACTIVE → valid timing environment
BUILDING → momentum approaching, but not ready
OFF → no timing edge present
This prevents entering trades too early or after momentum has already passed.
3️⃣ Preferred Entry Zone (PEZ)
Shaded zones visually guide where entries are statistically cleaner, rather than chasing price.
Green PEZ → preferred CALL entry region
Red PEZ → preferred PUT entry region
These zones are informational — they help assess entry quality, not force entries.
4️⃣ Primary Exit (Early Profit Zone)
Instead of encouraging traders to hold for a full ATR move, the indicator introduces a Primary Exit, which represents a partial ATR objective.
This:
Reduces emotional decision-making
Encourages consistent profit capture
Aligns better with how options premiums often move
The Primary Exit is intentionally designed as a realistic exit, not a maximum move target.
5️⃣ ATR Target & Risk Context
For traders who want structure:
ATR Target → extended move reference
Band-based Risk Line → invalidation zone
These are context tools, not mandatory holds.
6️⃣ Confidence Score
Each trade environment is scored (e.g., 2/4, 3/4) based on alignment factors.
Higher scores indicate cleaner conditions, not guaranteed outcomes.
How to Use the Indicator (Model Trade Example)
Example: CALL Trade
Bias: CALL
Window: ACTIVE
Confidence: 3/4 or higher
Price Location: Inside or near GREEN PEZ
Entry: Near PEZ during the active window
Primary Exit: At the Primary Exit line
Optional Runner: Toward ATR target if momentum remains strong
Risk: Below the Band-1 risk line
If bias flips to NO-TRADE or PUT, the trade is considered invalid.
Example: PUT Trade
The same process applies in reverse:
Red PEZ
Downside Primary Exit
Risk above Band-1 high
What This Indicator Is — and Is Not
✔ Is
A structured decision engine
Designed for crypto options behavior
Focused on timing + exits
Effective for avoiding bad trades
✖ Is Not
A signal-only indicator
A replacement for position sizing
A guarantee of profit
A strategy that forces constant trading
Recommended Use
Daily timeframe
Liquid crypto pairs
Options or perpetual traders
Traders who value discipline over frequency
Final Note
This indicator will often say NO-TRADE — by design.
Standing down is considered a valid, successful outcome.
SMC Liquidity Grab ProSMC LIquidity GRab Pro is an high probability strategy for the Smart Money Concept (SMC).
It looks for liquidity sweeps also known as stop hunts, where large financial institutions move the price beyond significant levels in order to trigger market orders and then reverse the price quickly.
Features
1. Liquidity Sweeps : It follows the previous 4 hour high/low liquidity in order to pinpoint stop runs.
2. Liquidity grab confirmation: Trade setup where price momentarily breaks through the liquidity level but then ends up again inside the range suggests that there’s been a false breakout.
3.Structure-Based Risk Management: Stop losses are placed beyond the latest swing high/low pivot, instead of basing it on a pip value.
- Live Performance Dashboard - Allows you to display real-time data such as net profit, win rate, and active trade on your chart.
-Customizable Risk-to-Reward- Traders can set risk/reward ratio as per their requirement. Default value is 2.0 RR. Graph Timeframe: This strategy is used on 5-minute or 15-minute charts.
Chart Timeframe: Apply the strategy to 5-minute or 15-minute charts.
HTF Configuration: Set the higher timeframe above your execution chart e.g., 240 minutes for 4-hours.
Fine-Tuning: Adjust the swing lookback parameter to adapt stop-loss placement according to market volatility.
Options Confluence Overlay - Stocks (1D) The Options Confluence Overlay — Stocks is a daily timeframe indicator designed for equities and ETFs, with a focus on timing, structure, and risk clarity rather than frequent signals.
This tool combines price structure, volatility, and momentum timing into a single visual framework that helps traders decide when to trade, when to stand aside, and where risk and exits are clearly defined.
Unlike fast-signal indicators, this script emphasizes trade quality over trade quantity.
🔍 What the indicator does
The indicator evaluates four core components on the daily chart, with an optional weekly trend filter:
• Mean + Deviation Band (Band 1) to define structure
• ATR-based targets to project realistic price expansion
• Momentum timing using Stochastic RSI (cross or approach)
• Confluence scoring to allow or block trades
Only when these elements align does the indicator permit a CALL, PUT, or display NO-TRADE.
🟩 Preferred Entry Zone (PEZ)
When a CALL or PUT is allowed, the indicator highlights a Preferred Entry Zone (PEZ):
• CALL PEZ: Mean → Lower Band
• PUT PEZ: Mean → Upper Band
This zone represents areas where risk is better defined and entries are typically more favorable.
🎯 Primary Exit (Partial ATR)
Instead of encouraging traders to chase full volatility expansion, the indicator includes a Primary Exit level:
• A configurable percentage of ATR
• Designed to capture early, high-probability movement
• Especially useful for shorter-term trades or profit protection
Full ATR targets are still shown, but the Primary Exit is intended as the first decision point, not a promise of full extension.
🧠 Entry Quality (Informational)
When enabled, the dashboard displays an Entry Quality hint:
• PEZ Deep — price is deeper into the zone (higher potential, higher patience required)
• PEZ Shallow — price is closer to the mean (faster, but less extended setups)
This is informational only and does not block trades.
🚦 Trade states
The dashboard clearly communicates one of three states:
• CALL allowed
• PUT allowed
• NO-TRADE (conditions are mixed or incomplete)
The indicator is intentionally conservative during NO-TRADE periods.
⚠️ Important notes
• Designed for stocks and ETFs, not crypto
• Intended for daily timeframe analysis
• Not financial advice
• Always combine with proper risk management
📘 Model Trade Example (CALL)
The dashboard shows CALL allowed
Price pulls back into the green PEZ
Weekly filter confirms bullish direction
Enter near the PEZ (no chasing breakouts)
Risk: below Band 1 low
Primary Exit: at the yellow Primary Exit level
Optional: hold partial size toward full ATR target if momentum remains strong
If the dashboard changes to NO-TRADE, no new entries are taken.
📕 Model Trade Example (PUT)
The dashboard shows PUT allowed
Price rallies into the red PEZ
Weekly filter confirms bearish direction
Enter near resistance inside PEZ
Risk: above Band 1 high
Primary Exit: at the yellow Primary Exit level
Avoid holding through momentum exhaustion
4H Session High/Low4H Asia Session Anchor Range Description: This indicator identifies and plots the price range of the specific 4-hour candle starting at 04:00 (local time). By utilizing Multi-Timeframe (MTF) logic, the high and low boundaries (wick-to-wick) remain fixed and accurate even when scaling down to lower timeframes like the 1-minute or 5-minute charts. The levels extend horizontally to the right, providing clear institutional support and resistance zones based on the early morning volatility.
Momentum Ghost MachineTrend Strength + Momentum Ghost Machine: The Complete Velocity System
Two powerful engines, one chart.
This indicator fuses a robust Trend Strength Oscillator with the modern, noise-canceling "Momentum Ghost Machine" to give you a complete picture of market direction and hidden velocity in a single pane.
Stop guessing if the move is real. See the Trend (Background) and feel the Speed (Ghost Line) simultaneously.
🔥 CORE FEATURES
1. The Trend Strength Oscillator (Background Engine)
The background histogram is a dedicated engine that measures the pure strength and direction of the current trend.
Green Zones (Above 0): Indicate Bulls are in control and the trend is rising.
Red Zones (Below 0): Indicate Bears are in control and the trend is falling.
Smart Smoothing: Includes a built-in JMA (Jurik Moving Average) smoother to filter out market noise and prevent false signals during choppy conditions.
2. Momentum Ghost Machine (The Velocity Engine)
A highly responsive momentum oscillator designed to detect shifts in market speed before price turns.
4-State Color System:
Dark Green: Strong Upside Acceleration (The "Go" Signal).
Light Green: Upside Deceleration (Momentum fading, prepare for a pause).
Dark Red: Strong Downside Acceleration (The "Drop" Signal).
Light Red: Downside Deceleration (Selling pressure fading, prepare for a bounce).
3. Signal Line Crossovers
The Ghost Machine includes a fast-reacting Signal Line (Orange).
Cross Above: Bullish momentum injection.
Cross Below: Bearish momentum injection.
🚀 HOW TO USE
For Trend Trading:
Wait for the Trend Background to turn Green.
Confirm entry when the Ghost Machine Line crosses above its orange signal line and turns Dark Green.
For Reversals:
Look for Divergence: If price makes a higher high but the Ghost Machine makes a lower high (Light Green), momentum is exhausted.
Wait for the Ghost Machine to turn Red and cross below the signal line for a high-probability short.
For Exits:
If you are Long (Dark Green) and the bar turns Light Green, momentum is slowing. This is your warning to tighten stops or take profit.
⚙️ SETTINGS & CUSTOMIZATION
Trend Settings: Adjust length and smoothing type (JMA, EMA, SMA, etc.) to match your trading style.
Ghost Machine: Fine-tune momentum sensitivity and post-smoothing to fit your specific asset (Crypto, Forex, or Indices).
Visuals: Fully customizable colors for every state of the trend and momentum.
"Trend is direction. Momentum is fuel. This tool tracks both."
WoAlgo x DBG v3 Premium**WoAlgo x DBG v3 Premium - Breakout & Trailing System**
## Overview
WoAlgo x DBG v3 Premium is a comprehensive trading indicator that combines breakout detection, EMA crossover signals, and an intelligent trailing stop mechanism. This indicator is designed to identify potential entry points and manage trades with dynamic exit strategies.
## How It Works
The indicator operates using a multi-component approach:
**Entry Mechanism (3 Modes)**
1. **Breakout Mode**: Detects when price breaks above recent highs or below recent lows, simulating pending stop orders
2. **EMA Cross Mode**: Generates signals based on fast/slow EMA crossovers (default: 10/21)
3. **Both Mode**: Combines breakout and EMA signals for confluence-based entries
**Trailing Stop System**
The core feature of this indicator is its trailing stop mechanism:
- Activates when trade reaches minimum profit threshold (default: 0.6 points)
- Moves stop loss progressively as price moves favorably (default step: 0.2 points)
- Locks in profits while allowing trades to capture extended moves
- Provides dynamic exit rather than fixed take profit only
**Time Filter**
- Customizable trading window with timezone conversion
- Day-of-week filters to avoid specific trading days
- Automatic pending order cancellation outside trading hours
## Key Features
- **Non-Repainting Signals**: All signals confirmed on bar close only
- **Real-Time Dashboard**: Displays win rate, profit factor, trade statistics, and exit type breakdown
- **Visual Trade Management**: Shows entry, TP, SL, and trailing stop levels on chart
- **Pending Zone Visualization**: Displays potential breakout trigger levels
- **Comprehensive Alerts**: Separate alerts for entries, TP hits, SL hits
## Parameters
| Parameter | Default | Description |
|-----------|---------|-------------|
| Entry Mode | Breakout | Signal generation method |
| Breakout Period | 1 | Candles for high/low calculation |
| Breakout Buffer | 0.3 | Distance from high/low for pending |
| Fast EMA | 10 | Fast moving average period |
| Slow EMA | 21 | Slow moving average period |
| Take Profit | 5.0 | Points for TP level |
| Stop Loss | 8.0 | Points for SL level |
| Trail Start | 0.6 | Minimum profit to activate trailing |
| Trail Step | 0.2 | Trailing stop movement increment |
## How to Use
1. **Apply to Chart**: Add indicator to your preferred timeframe
2. **Configure Time Filter**: Set your trading session hours and timezone offset
3. **Monitor Signals**:
- Green triangle = potential long entry
- Red triangle = potential short entry
4. **Track Active Trades**: Dashboard shows current position status and statistics
5. **Review Performance**: Check win rate, profit factor, and exit type distribution
## Dashboard Statistics
The real-time dashboard displays:
- Total trades, wins, and losses
- Win rate percentage
- Profit factor calculation
- Exit type breakdown (TP / Trailing / SL hits)
- Net profit and maximum drawdown
- Current position status
## Best Practices
- **Timeframe Selection**: Test on multiple timeframes to find optimal settings for your trading style
- **Parameter Optimization**: Adjust TP/SL/Trailing parameters based on instrument volatility
- **Time Filter Usage**: Enable time filter to avoid low-liquidity periods
- **Confluence Approach**: Consider using "Both" entry mode for higher probability setups
- **Risk Management**: Always use position sizing appropriate to your account
## Limitations
- Indicator performance varies across different market conditions
- Historical statistics shown do not guarantee future results
- Backtest results may differ from live trading due to slippage and spread
- Works best on liquid markets with consistent price action
## Important Disclaimer
**This indicator is for educational and analytical purposes only.**
- This is not financial advice or a recommendation to trade
- Past performance does not guarantee future results
- Trading involves substantial risk of loss
- Always use proper risk management strategies
- Consider your financial situation and risk tolerance before trading
- Seek advice from qualified financial professionals if needed
If you find this indicator helpful for your analysis, please consider giving it a **Boost** (👍) to support future development and help other traders discover it.
For more trading tools, educational content, and indicator updates, feel free to **follow @ionmarpie** on TradingView. Your support motivates continued improvement and new releases!
Happy trading and always manage your risk wisely! 📈
Free cash flow yield (Quarterly)Indicator: Free Cash Flow Yield (Quarterly) — Technical Description
Purpose
This indicator plots Free Cash Flow Yield (FCF Yield) using quarterly fundamentals and optionally adjusts it for dilution. It also computes trailing averages over multiple horizons (in quarters) to give a long-term valuation context.
Data Sources
All fundamentals are pulled from TradingView’s financial dataset using:
request.financial(syminfo.tickerid, , "FQ", barmerge.gaps_on)
Where:
"FQ" = Quarterly frequency
barmerge.gaps_on = keeps values as step-like series (updates only when new quarterly data is available)
Financial fields used:
FREE_CASH_FLOW (FCF)
ENTERPRISE_VALUE (EV)
TOTAL_SHARES_OUTSTANDING
DILUTED_SHARES_OUTSTANDING
Market cap is derived (not pulled directly in this version):
marketCap = totalSharesOutstanding * close
(Only used as a reference in the script; the yield itself is based on EV.)
Core Calculation
1) FCF Yield (Net)
The base yield is:
FCF Yield
(
%
)
=
FCF
Enterprise Value
×
100
FCF Yield(%)=
Enterprise Value
FCF
×100
Implementation detail:
If FCF is na or EV is na or EV == 0, the result is set to na to avoid division errors.
Dilution Adjustment (Optional Series)
2) Dilution Ratio
The script estimates dilution impact using:
dilutionRatio
=
Total Shares Outstanding
Diluted Shares Outstanding
dilutionRatio=
Diluted Shares Outstanding
Total Shares Outstanding
Notes:
If dilutedSharesOutstanding is missing or zero, the ratio becomes na.
3) Diluted FCF Yield
If the ratio indicates dilution (<= 1), yield is scaled down:
FCF Yield Diluted
=
FCF Yield
×
dilutionRatio
FCF Yield Diluted=FCF Yield×dilutionRatio
Else (ratio > 1 or na), the script defaults to the net yield:
FCF Yield Diluted
=
FCF Yield
FCF Yield Diluted=FCF Yield
Practical interpretation:
More dilution → lower ratio → lower diluted yield.
If dilution fields are not reliable for a ticker, the script falls back to the base yield.
Plotting
Two series are shown:
FCF Yield Net: plotted as columns (bars)
FCF Yield Diluted: plotted as an area overlay
This makes it easy to see:
Step changes when new quarter data arrives
Whether dilution meaningfully reduces the yield
Labels (Per-bar)
When fcfYieldDiluted > 0, the script prints the value as a percentage label at the yield level.
Important technical point:
Since fcfYieldDiluted is computed as a number like 8.5 for 8.5%, labels convert to percent format by dividing by 100 before formatting:
str.tostring(fcfYieldDiluted / 100, format.percent)
Rolling History & Averages
1) Rolling storage
The script maintains a rolling array of the most recent 40 quarterly values:
40 quarters ≈ 10 years
Each time a non-NA quarterly yield appears:
It pushes it into the array
If array length exceeds 40, it removes the oldest value
2) Trailing averages (quarter windows)
Averages are computed over the most recent N quarters:
1Q (latest quarter value)
4Q ≈ 1 year
8Q ≈ 2 years
20Q ≈ 5 years
40Q ≈ 10 years
If fewer than N values exist, that average is na.
End-of-chart Summary Label
On the last bar (barstate.islast), the script draws a summary label containing the trailing averages listed above.
Placement logic
The label is positioned slightly to the right of the current bar:
Uses frequencyUnit (estimated number of chart bars per quarter) to offset the label into the future.
frequencyUnit is computed as:
frequencyUnit
≈
Seconds in 12 months
Seconds per chart bar
÷
4
frequencyUnit≈
Seconds per chart bar
Seconds in 12 months
÷4
This is only for visual spacing, not calculation correctness.
Limitations / Notes
The yield series is “step-like” and updates only when new quarterly fundamentals are available.
For some tickers, TradingView fundamentals (especially diluted shares) can be missing or inconsistent; the script protects against this by returning na or falling back to the net yield.
EV-based yield can differ from market-cap-based yield; EV includes debt and cash effects, so it’s closer to an “all-capital” valuation measure.
Sector Momentum Dashboard (Pure 3M / 6M / 12M)Script Description (Simple + Accurate)
This script builds a sector‑momentum dashboard that ranks major U.S. sector ETFs based on their pure trailing performance over a selected lookback period. Instead of using academic momentum windows like 3‑1M or 12‑1M, it measures straight returns over the past 3, 6, or 12 months, using daily closing prices.
The script:
Pulls daily price data for 11 sector ETFs (XLK, XLC, XLI, XLF, XLB, XLV, XLU, XLY, XLE, XLP, XLRE)
Calculates each ETF’s return over the chosen lookback window:
3M = 63 trading days
6M = 126 trading days
12M = 252 trading days
Sorts the ETFs from strongest momentum to weakest
Displays the ranked list in a compact table on the chart
Highlights:
Top 3 sectors in green
Bottom 3 sectors in red
The intention is to give traders a quick, visual snapshot of sector leadership, making it easier to:
Identify which sectors are outperforming
Spot rotation trends
Build or adjust a sector‑rotation strategy
Compare relative strength across the market
It’s designed to be simple, fast, and reliable — ideal for anyone who wants a clean momentum‑based view of the U.S. sector landscape.
Max and Min Daily + 4H + 1H + Today Daily + 30mIndicator that shows on the chart the highs and lows of yesterday's daily, today's daily candle, the 4-hour, 1-hour, and 30-minute timeframes.
Indicatore che mostra sul grafico i max e min del daily di ieri, della candela giornaliera di oggi, del tf4h, tf1h e tf30 min.
mua HARSI RSI Shadow Strategy M1 (Fixed)HARSI – Heikin Ashi RSI Shadow Indicator
HARSI (Heikin Ashi RSI Shadow) is a momentum-based oscillator that combines the concept of Heikin Ashi smoothing with the Relative Strength Index (RSI) to reduce market noise and highlight short-term trend strength.
Instead of plotting traditional price candles, HARSI transforms RSI values into a zero-centered oscillator (RSI − 50), allowing traders to clearly identify bullish and bearish momentum around the median line. The smoothing mechanism inspired by Heikin Ashi candles helps filter out false signals, making the indicator especially effective on lower timeframes such as M1.
The RSI Shadow reacts quickly to momentum shifts while maintaining smooth transitions, which makes it suitable for scalping and intraday trading. Key threshold levels (such as ±20 and ±30) can be used to detect momentum expansion, exhaustion, and potential continuation setups.
HARSI works best in liquid markets and can be used as a standalone momentum indicator or combined with trend filters such as moving averages or VWAP for higher-probability trades.
Key Features:
Zero-centered RSI oscillator (RSI − 50)
Heikin Ashi–style smoothing to reduce noise
Clear momentum-based entry signals
Optimized for lower timeframes (M1 scalping)
Suitable for both Spot and Futures trading
Manus - Ultimate Liquidity Points & SMC V3Ultimate Liquidity Points & SMC V3 is an advanced tool designed for traders following the Smart Money Concepts (SMC) and institutional liquidity analysis methodologies. The script automatically identifies price levels where large order volumes (stop losses and pending orders) are most likely to be found, allowing you to anticipate potential market reversals or accelerations.
BZNESMAN - High Win Rate CCI + PSAR + MA Strategy (70%+ Target)High Win Rate CCI + PSAR + MA Strategy (70%+ Target)
NQ-Market Momentum CompassNQ-Market Momentum Compass: User Guide
Overview
NQ-Market Momentum Compass is a comparative momentum tool that helps you visualize the relative strength between Nasdaq futures (NQ) and a volume-weighted composite of other major US index futures (ES, RTY, and YM). This indicator plots two oscillator lines that move above and below zero, making it easy to identify momentum shifts and potential divergences between tech-heavy Nasdaq and the broader market.
What You're Looking At
The indicator displays two main components:
NQ Oscillator (Blue Line): Shows the percentage change in NQ futures over your selected lookback period.
Composite Oscillator (Orange Line): Shows the volume-weighted average percentage change of S&P 500 (ES), Russell 2000 (RTY), and Dow Jones (YM) futures over the same period.
Zero Line (Gray): The center reference line dividing positive and negative momentum.
How It Works
Core Calculation
The indicator calculates percentage change over a lookback period:
For each index, it computes: (current_price - price_n_bars_ago) / price_n_bars_ago * 100
The NQ line shows this calculation for Nasdaq futures
The composite line weights the other indices by their relative trading volumes
Volume Weighting
Instead of a simple average, the composite line incorporates trading volume to give more weight to indices with higher participation. This provides a more accurate representation of overall market momentum.
How to Interpret the Indicator
Basic Interpretation
Above Zero: Price is higher than it was at the lookback period ago (positive momentum)
Below Zero: Price is lower than it was at the lookback period ago (negative momentum)
Steepness: Indicates the strength of the momentum (steeper = stronger momentum)
Comparative Analysis
When Lines Move Together: NQ is moving in harmony with the broader market
When Lines Diverge:
NQ above composite: Tech/growth is outperforming the broader market
Composite above NQ: Broader market is outperforming tech/growth
Key Signals to Watch
Crossovers Between Lines: Potential shift in sector leadership
NQ crossing above composite: Tech starting to outperform
NQ crossing below composite: Tech starting to underperform
Zero-Line Crossovers: Change in overall momentum direction
Crossing above zero: Shift to positive momentum
Crossing below zero: Shift to negative momentum
Divergences: When one line makes a new high/low while the other doesn't, suggesting potential reversal
Practical Applications
Market Rotation Analysis: Identify shifts between tech and broader market leadership
Trend Confirmation: Validate trends by checking if both oscillators are in agreement
Early Warning System: Spot when tech starts to diverge from the broader market
Relative Strength Analysis: Determine which segment of the market has stronger momentum
Customization Options
The indicator offers two main customization groups:
Calculation Settings:
Momentum Window: The lookback period for calculating percentage change (default: 20)
Price Smoothing: EMA smoothing applied to prices before calculation (default: 5)
Display Settings:
NQ Line Color: Customize the color of the NQ oscillator line
Composite Line Color: Customize the color of the composite oscillator line
Tips for New Users
Start with the Defaults: The default settings (20-period momentum window, 5-period smoothing) work well across most timeframes
Focus on Relationships: The absolute values matter less than the relationship between the two lines
Use Multiple Timeframes: Check the oscillator on both short and longer timeframes for confirmation
Watch for Extremes: When either line reaches unusually high or low values, expect potential reversion
Combine with Other Indicators: For best results, use alongside trend and volatility indicators
This oscillator is particularly useful for traders who want to understand the intermarket dynamics between tech stocks and the broader market, helping to identify sector rotation and potential trading opportunities.
Laguerre Timeframe OscillatorLaguerre Timeframe Breadth Oscillator
Multi-timeframe × multi-gamma Laguerre breadth model
────────────────────────
Usage Notes
────────────────────────
• This is a regime & consensus indicator, not a trigger
• Best used for trend validation and risk filtering
• Extreme values tend to persist during strong regimes
This indicator answers a single question:
“Out of 198 independent Laguerre filters, how many are currently rising?”
────────────────────────
Concept
────────────────────────
Using Laguerre polynomials, we aggregate price behavior across:
• 11 explicit timeframes (1-minute → 1-day)
• 18 gamma responsiveness levels (0.10 → 0.95)
This produces 198 independent Laguerre curves.
The final oscillator is NOT price.
It represents a directional consensus across timescales and smoothing sensitivities.
────────────────────────
Laguerre Filter Mathematics
────────────────────────
For each Laguerre line i:
L0ᵢ(t) = (1 − γᵢ) · x(t) + γᵢ · L0ᵢ(t−1)
L1ᵢ(t) = −γᵢ · L0ᵢ(t) + L0ᵢ(t−1) + γᵢ · L1ᵢ(t−1)
L2ᵢ(t) = −γᵢ · L1ᵢ(t) + L1ᵢ(t−1) + γᵢ · L2ᵢ(t−1)
L3ᵢ(t) = −γᵢ · L2ᵢ(t) + L2ᵢ(t−1) + γᵢ · L3ᵢ(t−1)
Smoothed output:
Yᵢ(t) = ( L0ᵢ + 2·L1ᵢ + 2·L2ᵢ + L3ᵢ ) / 6
This weighted sum smooths noise while preserving phase better than a traditional EMA.
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Gamma Responsiveness
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Gamma controls responsiveness vs stability:
0.10 — Very fast, noisy
0.40 — Momentum-sensitive
0.70 — Trend-stable
0.95 — Very slow, structural
Each timeframe is evaluated across all gamma levels.
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Timeframes Used (11)
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Minutes: 1, 3, 5, 10, 15, 30, 45
Hours: 1, 2, 4
Days: 1
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Direction Test
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Each Laguerre line votes “up” or “down”:
Iᵢ(t) = 1 if Yᵢ(t) > Yᵢ(t−1)
Iᵢ(t) = 0 otherwise
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Breadth Calculation
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greenCount(t) =
I₁(t) + I₂(t) + I₃(t) + … + I₁₉₈(t)
Total number of rising Laguerre filters.
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Centered Breadth Oscillator
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oscRaw(t) = greenCount(t) − 99
(99 = half of 198; zero represents balanced breadth)
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Smoothing & Amplification
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EMA smoothing:
oscSmooth(t) = EMA₁₀₀(oscRaw)
Extreme emphasis:
oscExtreme(t) = 2 · oscSmooth(t)
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Clamped Final Output
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osc(t) = max( −99 , min( 99 , oscExtreme(t) ) )
Range:
• −99 → all filters falling
• 0 → mixed / neutral
• +99 → all filters rising
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Optional Probabilistic Interpretation
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p(t) = greenCount(t) / 198
Interpretable as the probability of upward directional alignment.
Reach out on Discord if you need further guidance. - Coño Vista
5 Supertrend Breakout BUY SELL (CLEAN)The script internally analyzes multiple price references and volatility behavior to determine when the market shows strong directional intent. Signals are plotted only after confirmation, helping reduce noise and false triggers commonly seen in choppy or sideways markets.
This indicator is intentionally kept minimal and distraction-free, displaying only BUY and SELL labels on the chart, making it suitable
