Mulai

Candlestick analysis

Manual Checklist📋 Manual Trading Checklist This indicator is used to support disciplined, rule-based trading by displaying a manual checklist directly on the chart. 🎯 Purpose The goal of this indicator is to keep your trade criteria visible at all times, helping you: - Stay consistent with your trading rules - Reduce emotional or impulsive decisions - Clearly define bias before entering a trade ℹ️ Important Note The checklist items and their text cannot be edited. All items are predefined, based on the checklist I personally use before entering a trade. Each item can only be enabled or disabled by selecting its state: 🟢 Bullish 🔴 Bearish ⚪ Neutral This is intentional, to enforce consistency and avoid changing rules mid-trade. ✅ Features - On-chart checklist displayed as a floating label - Manual status selection per item (Bullish / Bearish / Neutral) - Instant updates when inputs are changed - Works on any symbol and timeframe - No calculations, no signals, no automation 🧾 Checklist Items - Trend Change Candle - Overall Trend - Volume - Distance from SMA 20 - Gaps - Support / Resistance - CCI - Checklist Summary (final bias) 🎨 Customization - Text position: Top / Middle / Bottom & Left / Center / Right - Vertical offset for fine positioning - Text size: Huge / Large / Normal / Small - Fully customizable text color 🛠 How to Use - Add the indicator to your chart - Open Settings → Inputs - Set each checklist item to Bullish, Bearish, or Neutral - Use the Checklist Summary as your final trade bias Note: This indicator is fully manual and intended as a decision-support tool only.
Indikator Pine Script®
oleh ItamarE7237
VPE Candle Patterns with Volume ConfirmationPattern Detection Logic: Doji — Body is ≤10% of the candle range (adjustable) Hammer — Body in upper third, lower wick ≥2x body size, minimal upper wick Shooting Star — Body in lower third, upper wick ≥2x body size, minimal lower wick Volume Confirmation: Patterns only trigger signals when volume > volume (current candle volume exceeds previous) Alerts: Four alert conditions you can configure in TradingView: Doji Detected Hammer Detected Shooting Star Detected Any Pattern Detected (combined) Visual Elements: Labels on chart (D, H, SS) — toggleable Optional background highlighting Info table showing current bar status To set up alerts in TradingView: Add the indicator to your chart Right-click → Add Alert Select the indicator and choose which alert condition Configure your notification method (webhook, email, app push, etc.) The input parameters let you tune sensitivity — tighten the dojiBodyRatio for stricter doji detection, or adjust wick ratios if you're getting too many/few signals.
Indikator Pine Script®
oleh kschwende
Three Green Candles Screener - % Move & Volume1️⃣ Core purpose (big picture) The indicator identifies stocks that: Have 2 or 3 consecutive green candles Are above a 21-EMA (trend filter) Have reasonable % price movement (not overextended) Show current volume, average volume, and turnover Show daily and weekly % price change It’s meant for short-term momentum screening (swing / positional / breakout prep). 2️⃣ Trend filter (EMA) ema21 = ta.ema(close, emaLength) Uses a 21-period EMA All buy signals require price > EMA This avoids counter-trend setups 3️⃣ Three Green Candles logic (main signal) threeGreen = (close > open) and (close > open ) and (close > open ) This checks for three consecutive bullish candles. Then it calculates: % change for each candle (open → close) Average % change across the 3 candles avgChg = (chg0 + chg1 + chg2) / 3 ✅ 3-Green signal triggers when: 3 consecutive green candles Average % change ≤ user-defined max (default 10%) Price above EMA21 ➡ Output: signal = 1 // Buy flag signal = 0 // No action This avoids parabolic / news-spike candles. 4️⃣ Two Green Candles logic (early signal) This is a lighter, earlier version of the same logic. twoGreen = (close > open) and (close > open ) avgChg2 = (chg0 + chg1) / 2 ✅ 2-Green signal triggers when: 2 consecutive green candles Average % change ≤ maxAvgChange Price above EMA21 ➡ Output: signal2 = 1 // Early momentum This helps catch moves one day earlier than the 3-green setup. 5️⃣ Volume & liquidity context (important) Average volume (7 days) avgVol7 = ta.sma(volume, 7) / 1e6 Shows liquidity trend Units: Millions of shares Today’s volume todayVol = volume / 1e6 Helps confirm participation 6️⃣ Turnover (Price × Volume) priceVolCrore = (close * volume) / 1e7 Measures capital flow, not just volume Output in ₹ Crores Helps filter: Low-value pump candles Illiquid stocks 7️⃣ % price movement Daily move pctDay = (close - close ) / close * 100 Weekly move (5 bars) pctWeek = (close - close ) / close * 100 These give context, not signals: Is this early? Is it already extended? 8️⃣ Visual outputs (what you see) Plots (in the indicator pane) CMP (current price) 3-Green signal (0 / 1) 2-Green signal (0 / 1) Avg 7-day volume (M) Today’s volume (M) Turnover (₹ Cr) Day % move Week % move This makes it usable as a visual screener. 9️⃣ Summary table (top-right) On the latest bar only, it shows: Field Meaning CMP Current price Today Vol (M) Today’s volume Turnover (Cr) Value traded Day / Week % Momentum context Compact, readable, no clutter. 10️⃣ What this indicator is GOOD for ✅ Momentum stock screening ✅ Swing / positional setups ✅ Avoiding overextended candles ✅ Liquidity & capital flow validation ✅ Manual decision support 11️⃣ What it does NOT do ❌ No auto buy/sell ❌ No stop-loss or targets ❌ No relative strength vs index ❌ No intraday scalping logic TL;DR (one-liner) This indicator finds stocks in a healthy uptrend with 2–3 controlled bullish candles, confirms them with EMA and volume/turnover, and presents all key momentum metrics in one clean view.
Indikator Pine Script®
oleh ahamed_thanzeer
Buy/Sell Signal via Trend Pullback Trend Pullback Micro-Entry Indicator (M1/M5/H1) I am currently developing a TradingView indicator designed to identify trend pullbacks on very low timeframes (M1) and continuation on HTF. The core idea is to trade continuations within an existing trend, focusing on controlled pullbacks instead of chasing breakouts or random price moves. The indicator provides clear visual signals and is meant to support the trader’s decision-making process — not to replace experience, discretion, or discipline. Strong Focus on Risk Management Risk management is a central part of this indicator’s concept: Every setup is based on a predefined stop-loss Profits are managed step-by-step, not all at once Take-profit levels adapt to current market volatility No martingale, no grid trading, no position averaging The goal is to limit losses while allowing profitable trades to develop naturally — however, losses are a normal part of trading and cannot be avoided entirely. Important Risk Disclaimer ⚠️ Trading involves significant risk. You can lose part or all of your trading capital. This indicator: does not guarantee profits is not financial advice is not an automated money-making system It is a tool, not a promise. All trading decisions and risks remain entirely the responsibility of the user. Looking for Testers I am currently looking for interested testers who: Trade or study scalping / intraday strategies (M1–M5 preferred) Are willing to test the indicator live or in replay Can provide honest feedback on: signal quality risk management behavior real-world usability Constructive criticism is highly appreciated — especially when something does not work as expected. Project Goal The objective of this project is not to build an over-complicated system, but to create a: clean structured realistic trading tool that helps traders act more consistently, calmly, and disciplined in fast markets. Final words of the author: Lets become rich and free together :)
Indikator Pine Script®
oleh yoyofxfx
1
Trading Checklist (BUY / SELL + Asia/London/NY + Prev 4H Range)Trading Checklist (BUY / SELL + Asia / London / NY + Prev 4H Range) This indicator provides a rule-based trading checklist designed to keep execution aligned with session timing, higher-timeframe context, and directional bias. Features BUY / SELL Checklist Logic Visual conditions help confirm whether market structure supports long or short execution. Session Awareness Automatically highlights the active trading session: Asia London New York Previous 4H Range Framework Plots the last closed 4-hour candle high and low to define: Premium / Discount context Key reaction zones HTF directional bias reference Session-Aligned Execution Helps traders focus on taking setups only during valid sessions, reducing overtrading. Non-Repainting Design All higher-timeframe levels are based on completed candles only, making the checklist reliable in live markets.
Indikator Pine Script®
oleh stevenbel23
Last 4H Range + Fibs + Bias Last Closed 4H Range + Fibs + Bias This indicator displays the last fully closed 4-hour (4H) candle range and projects it forward as a higher-timeframe framework for intraday trading. Features Last Closed 4H Range Box Plots the high and low of the most recent completed 4H candle (non-repainting). 4H Fibonacci Levels Automatically draws key internal levels (25%, 50% EQ, 75%, 61.8%, 78.6%). 4H Bias Detection Bias is determined using the 4H close relative to the 50% equilibrium: Above EQ → Bullish Bias Below EQ → Bearish Bias Bias Flip Alerts Alerts trigger only when the 4H candle closes and bias changes. Execution-Friendly Design No candle colouring. Clean structure for use on lower timeframes.
Indikator Pine Script®
oleh stevenbel23
Last 4H Range + Fibs + Bias Last Closed 4H Range + Fibs + Bias This indicator displays the last fully closed 4-hour (4H) candle range and projects it forward as a higher-timeframe framework for intraday trading. Features Last Closed 4H Range Box Plots the high and low of the most recent completed 4H candle (non-repainting). 4H Fibonacci Levels Automatically draws key internal levels (25%, 50% EQ, 75%, 61.8%, 78.6%). 4H Bias Detection Bias is determined using the 4H close relative to the 50% equilibrium: Above EQ → Bullish Bias Below EQ → Bearish Bias Bias Flip Alerts Alerts trigger only when the 4H candle closes and bias changes. Execution-Friendly Design No candle colouring. Clean structure for use on lower timeframes.
Indikator Pine Script®
oleh stevenbel23
Best Buying & Selling Flip Zone @MaxMaserati 3.0Best Buying & Selling Flip Zone 3.0 🐂🐻 Best Buying & Selling Flip Zone 3.0 is an advanced, multi-timeframe Price Action tool designed to identify high-probability institutional supply and demand zones. By analyzing candle range and body size (Expander vs. Normal candles), this indicator categorizes market structure shifts into three distinct tiers of strength (A+++, A++, A+). It includes a built-in Trade Manager, Volume Tracking, and a unique "Defender/Attacker" Multi-Timeframe (MTF) entry confirmation system. 🚀 Key Features Multi-Timeframe Analysis: Monitor Higher Timeframe (HTF) zones while trading on a Lower Timeframe (LTF). Tiered Setup Grading: Automatically classifies zones based on the strength of the candle engulfing action (King Slayer, Crusher, Drift). Smart Entry Confirmation: The script can wait for price to tap an HTF zone and then automatically search for a confirmation pattern on the current timeframe before signaling a trade. Built-in Trade Management: Visualizes Entry, Stop Loss (SL), and Take Profit (TP) levels with customizable Risk:Reward ratios. Volume Tracking: Monitors the volume utilized to create a zone and tracks "remaining" volume as price tests the zone. Zone Deletion Logic: Automatically removes zones that have been invalidated by either a wick or a candle close. 🧠 How It Works: The "A-Grade" Logic The indicator analyzes candles based on their body-to-range ratio to define "Expander" (Explosive move) vs. "Normal" candles. It then looks for engulfing behaviors to create zones: A+++ (King Slayer): Logic: A Bullish Expander engulfs a Bearish Expander (or vice versa). Significance: This is the strongest signal, indicating a massive shift in momentum where aggressive buyers completely overwhelmed aggressive sellers. A++ (Crusher): Logic: A Bullish Expander engulfs a Bearish Normal candle. Significance: Strong momentum overcoming standard price action. High probability. A+ (Drift): Logic: A Bullish Normal candle engulfs a Bearish Normal candle. Significance: A standard flip zone. Good for continuation plays but less aggressive than KS or CR setups. 🛠️ Functionality Guide 1. General Filters & Timeframes Higher Timeframe: Select a timeframe higher than your chart (e.g., Select 4H while trading on 15m). The indicator will draw the major zones from the 4H. Deletion Logic: Wick (Hard): Zone is removed immediately if price touches the invalidation level. Close (Soft): Zone is removed only if a candle closes past the invalidation level. 2. LTF Entry Confirmation (The "Master" Switch) When Show LTF Entry Logic is enabled, the indicator does not signal immediately upon an HTF zone creation. Instead: It waits for the price to retraced and touch the HTF zone. Once touched, it scans the current timeframe for a valid flip setup (KS, CR, or DR). It creates a tighter entry box and draws trade lines only when this confirmation occurs. 3. Trade Management Risk:Reward: Set your desired RR (e.g., 2.0). SL Padding: Add breathing room (ticks) to your Stop Loss. SL Source: Choose between a safer Stop Loss (based on the HTF zone) or a tighter Stop Loss (based on the LTF confirmation candle). 4. Volume Stats Labels display the volume involved in the zone's creation. As price taps the zone, the volume is "depleted" from the label, giving you insight into the remaining order flow absorption. 🎨 Visual Customization Colors: Fully customizable colors for Buyers (Green) and Sellers (Red) zones across all three strength tiers. Labels: Toggle technical names, touch counts, and timeframe labels. Lines: Option to show "Aggressive Open Lines" to mark the exact opening price of the flip zone extended forward. ⚠️ Disclaimer This tool is for educational purposes and chart analysis assistance only. Past performance of a setup (A+++/King Slayer) does not guarantee future results. Always manage risk and use this in conjunction with your own trading strategy.
Indikator Pine Script®
oleh MaxMaserati
Buyers & sellers Candle Control Dominance Zone @MaxMaserati 3.0Description The Buyers & Sellers Candle Control Dominance Zone is a surgical price-action tool designed to identify and project key supply and demand zones derived from candle anatomy across multiple timeframes. By splitting candles into "Sellers Control" (upper wick/shadow) and "Buyers Control" (lower wick/shadow) regions, this script visualizes exactly where price rejection and absorption are occurring. With the new HTF Engine, you can now view these institutional rejection zones from a Higher Timeframe (e.g., 4H) while trading on a Lower Timeframe (e.g., 15m). How it Works The indicator identifies specific "Control Zones" based on the battle between buyers and sellers: Live Control (Current & HTF): Real-time monitoring of the developing candle. See a 4H wick forming live while watching the 1m chart. Last Closed Control (Current & HTF): Projects the zones from the most recently completed candle. Dominance Zones (BuBC & BeBC): BuBC (Bullish Body Close): A "Dominance Zone" triggered when a candle closes above the previous candle's high. Signifies strong bullish momentum. BeBC (Bearish Body Close): A "Dominance Zone" triggered when a candle closes below the previous candle's low. Signifies aggressive selling pressure. Key Features Multi-Timeframe (MTF) Overlay: Plot 4H, Daily, or Weekly control zones directly on your lower timeframe scalping charts. Smart Labeling: HTF labels automatically update to show the zone type (e.g., "Sellers Control (Live) ") and whether the last candle was a Dominance candle (BuBC/BeBC). Dynamic Extension: Zones are projected forward to help you catch retests of rejection levels. Alerts Included: Built-in alerts trigger when price crosses into a Dominance Zone (BuBC/BeBC), allowing you to set it and forget it. Can be use as: Support & Resistance: Use Buyers Control zones (lower wicks) as demand zones for longs and Sellers Control zones (upper wicks) as supply zones for shorts. Trend Confirmation: A BuBC zone often acts as a launchpad for continued upside. If price falls back into a BuBC zone and rejects, it is a high-probability continuation signal. Fractal Entry: Use the HTF zones to find the "Big Picture" levels, then use the Current TF zones to refine your entry with precision. Settings Display Filter: Toggle Current TF zones (Live, Closed, BuBC, BeBC) independently. Higher Timeframe Settings: Enable/Disable HTF overlay and select your preferred timeframe (e.g., 240 for 4H). Visuals: Fully adjustable transparency, colors, and extension lengths to keep your chart clean.
Indikator Pine Script®
oleh MaxMaserati
TheStrat Suite Lite: Combos, Targets, and Take Action WindowsTheStrat Suite Lite automates the detection, visualization, and marking of price action setups based on TheStrat methodology (developed by Rob Smith) on whatever timeframe you're viewing. The guiding principle: show only the most valuable information. Rather than cluttering charts with every possible level and signal, the indicator uses logic based on user settings to determine what's relevant and worth displaying at any given moment. WHAT IT DOES The indicator identifies candle combinations (combos), actionable signals (inside bars, hammers, shooters), Failed 2s (range reclaims), and calculates magnitude and exhaustion targets — then draws entries, targets, and take action windows directly on your chart. A real-time data table displays combo status and bar types at a glance. HOW IT WORKS Candle Classification Logic Each closed candle is classified by comparing its high and low to the prior candle's range. A candle entirely within the prior range is type 1 (inside). A candle that exceeds one side is type 2 (directional). A candle that exceeds both sides is type 3 (outside). Directional bias (u/d) is determined by comparing close to open. A Failed 2 (also known as a Range Reclaim, 2d Green, or 2u Red) occurs when a directional candle breaks one side of an inside bar but fails to continue, reversing back through the opposite side. Hammer and Shooter Detection The indicator offers three detection methods. Classic requires the candle to breach the prior candle's high or low but close back inside the prior range. Pin Bar adds a wick-to-body ratio requirement, filtering for candles where the rejecting wick is significantly longer than the body. Broad relaxes the close requirement, allowing the close to be near (not strictly inside) the prior range. Users select which method matches their trading style. Failed 2 / Range Reclaim Detection A Failed 2 occurs when price breaks one side of an inside bar (type 1) but reverses through the opposite side. The indicator provides four detection methods. Open flags the setup when the reversal candle opens beyond the broken level. Reclaim flags when price closes back through the opposite side of the inside bar's range. Both requires both conditions (open beyond AND close reclaim). Either flags when either condition is met. This configurability lets traders match detection to their preferred confirmation style. Level Hierarchy and Deduplication When levels occur at similar prices, the indicator applies a priority system. Actionable signals (inside bars, hammers, shooters with defined triggers) take priority over static reference levels. This prevents chart clutter while preserving the most relevant information. Intelligent Label Adaptation Labels dynamically update as market structure changes. When a magnitude target coincides with a trigger level, the label consolidates to reflect both roles. When levels are hit, invalidated, or superseded, labels update color and text to reflect current status rather than disappearing — preserving context for the trader. Take Action Windows When a signal forms, the indicator highlights the period during which that signal remains active. This visual window reminds traders when a setup is "in force," providing a frame of reference for managing entries. IMPLEMENTATION DETAILS This implementation addresses several practical challenges traders face. Configurable detection methods: Hammer/shooter and Failed 2 detection aren't one-size-fits-all. The four Failed 2 methods and three hammer/shooter definitions let traders match the indicator to their specific confirmation requirements rather than accepting a single rigid definition. Dynamic level management: Levels don't just appear and disappear — they adapt. A target becoming a trigger, a level being hit, or a setup invalidating all produce specific visual feedback rather than simply removing information. This preserves market context as price develops. Performance optimization: The implementation limits historical depth on intensive calculations to maintain fast load times without sacrificing real-time functionality. HOW TO USE IT Setup Enable or disable specific bar combinations you want to see (e.g., 2-1, 3-2, etc.). Configure your preferred hammer/shooter and Failed 2 detection methods. Reading the Display Solid lines represent reference levels (prior high/low). Dashed lines represent actionable triggers. Color indicates direction (configurable) and status (hit, failed, active). Labels show level type and price. The data table shows current combo and bar type. DEFINITIONS Combo: Two or more numbers representing the relationship between consecutive candles (e.g., 2-1, 3-2, 2-1-2). Each number indicates the candle type in sequence. Candle Types: 1 = Inside, 2 = Directional, 3 = Outside. Directional Bias: u = price above open, d = price below open. C1/C2: C1 is the most recent closed candle, C2 is two bars back. Magnitude: The measured move target, typically the C2 high or low. Exhaustion: Extended targets beyond magnitude, indicating potential reversal zones. KNOWN LIMITATIONS Exhaustion calculations are limited to recent bars for performance. Label overlap at similar price levels is a TradingView rendering limitation. Trading involves risk. This is a charting tool, not financial advice. Past performance does not guarantee future results.
Indikator Pine Script®
oleh SpinTrades
Funnelzon Graded Buy and Sell Signals (LITE) MFI MTFFunnelzon Buy and Sell Signals (EMA Zones) – LITE is a lightweight overlay indicator built for scalping and short-term trading. It generates BUY/SELL signals, grades each signal (A+ to F), and provides a clean Confirmation Box that summarizes multi-timeframe context so you can make faster, more structured decisions. How it works Signal Engine (LTF) Signals are triggered using an ATR-based “scalp helper” logic with adjustable sensitivity. A stop-state system helps reduce repeated or noisy entries. Signal Scoring & Grades (A+ → F) When a signal appears, it is evaluated by a context pipeline that considers: Adaptive momentum/flow (AMF) ALMA trend alignment Support/Resistance proximity Swing structure behavior Market regime / trend strength (ADX-based) The result is a score mapped to a grade: A+ / A = strongest signals B / C = mixed conditions D / F = low-quality conditions Optional Filters MFI Filter: Helps avoid signals that do not meet Money Flow conditions. HTF Confirmation (MTF): Uses HTF1 and HTF2 bias. Choose strict filtering or soft alignment. Confirmation Box (Dashboard) The box displays: HTF State: Trend Long / Trend Short / HTF Conflict / Neutral Market Mode: Trend / Pullback / Conflict Trade Bias: Long-only / Short-only / Wait ENTRY NOW? = “YES” when HTF bias and LTF signal align MFI status + HTF1/HTF2 direction Optional Structure Tools EMA overlays: 9 / 12 / 20 / 50 / 100 / 200 Auto Supply/Demand zones (pivot-based, ATR thickness, configurable extension and limits) Best practices (recommended workflow) Prefer trading A+ / A signals only. Trade in the direction of HTF State when possible. If Market Mode shows PULLBACK or CONFLICT, reduce risk or wait for better alignment. Use Supply/Demand zones and EMAs for structure (targets, invalidation, and bias). Important: Confirmation with Stochastic + MACD This script is a signal + context tool, not a guarantee. To validate signal confirmation, it is strongly recommended to use: Stochastic Oscillator (momentum/exhaustion confirmation) MACD (trend momentum and direction confirmation) Only take trades when the script signal and your confirmation indicators agree. Alerts Includes alert conditions for: Buy Signal Sell Signal Any Signal ENTRY NOW (HTF + LTF aligned) ENTRY NOW Long / ENTRY NOW Short Disclaimer This indicator is for educational purposes and does not constitute financial advice. Always backtest, manage risk, and confirm signals with your own rules.
Indikator Pine Script®
oleh funnelzon
RLP V4.3 -Long Term Support/Resistance Levels (Refuges-Shelters)// Introduction // We have utilized the Zigzag library technology from ©Trendoscope Pty Ltd for Zigzag generation, allowing users the freedom to choose which of the different Zigzags calculated by Trendoscope as "Levels and Sub-Levels" is most suitable for generating ideal phases for evaluation and selection as "most preponderant phases" over long-term periods of any asset, according to its particular behavior based on its age, volatility, and price trend. // Theoretical Foundation of the Indicator // Many traditional institutional investors use the latest higher-degree market phase that stands out from others (longest duration and greatest price change on daily timeframe) to base a Fibonacci retracement on whose levels they open long-term positions. These positions can remain open to be activated in the future even years in advance. The phase is considered valid until a new, more preponderant phase develops over time, at which point the same strategy is repeated. // Indicator Objectives // 1) Automatically find the latest most preponderant long-term phase of an asset, analyzing it on daily timeframe while considering whether the long-term market trend is bullish or bearish. 2) Draw a Fibonacci Retracement over the preponderant phase (reversed if the phase is bullish). 3) The indicator automatically numbers and locates the 3 most preponderant phases, selecting Top-1 for initial Fibo drawing. 4) If the user disagrees with the indicator's automatic selection, they have the freedom to choose any of the other 2 Top phases for the Fibo drawing and its levels. 5) If the user disagrees with the amplitude or frequency of the initially drawn Zigzag phases, they can modify the Zigzag calculation algorithm parameters until one of the Top-3 matches the phase they had in mind. 6) As an experimental bonus, the indicator runs a popularity contest (CP) of "bullseye" daily price (OHLC) matches, subject to user-defined tolerance ranges, against all Fibo levels of the Top 3 selected phases, to verify which phase the market prices are validating as the most popular for placing trades. Contest results are displayed in the POP. CONTEST column of the Top-3 phases table. If the contest detects a change in the winning phase, a switch can be enabled to activate an alert that the user can utilize with TradingView's alert creator to display an alarm, send an email, etc. 7) This indicator was designed for users to find the preponderant long-term phase of their assets and manually record the date-price coordinates of the i0-i1 anchors of the preponderant phase. The Top-1 phase coordinates are shown in the Top-3 phases table where they can be captured. The date-price coordinates of all HH and LL pivots, from all Zigzag phases, can be displayed via a switch. With the pivots, the user can select a different phase than those automatically found by the indicator, according to the conclusions of their own research. Subsequently, the user can forget about this RLP indicator for a while and move on to apply in their normal trading our RLPS indicator (Simplified Long-Term Shelters), in which they can draw and simultaneously track the long-term shelters of up to 5 different assets, simply by entering their corresponding date-price coordinates, previously located with this RLP indicator or through their own observation. // Additional Notes // 1) As of the this V4.3 publication date (01/2026), the Zigzag generation parameters were adjusted by default to find the long-term preponderant phases for the following assets: Bitcoin, Ethereum, Bitcoin futures BTC1! (all generated due to the 2020-2021 pandemic). It also provides by default the confirmed preponderant phases for the following assets: Apple, Google, Amazon, Microsoft, PayPal, NQ1!, ES1! and SP500 Cash. 2) Prices, phases, and levels shown on the graphic chart correspond to results obtained using daily Bitcoin data from the Bitstamp exchange, BTCUSD:BITSTAMP (popular here in Europe). 3) Any error corrections or improvements that can be made to the phase selection algorithms or the CP phase popularity contest algorithm will be highly appreciated (statistics and mathematics, among many other sciences, are not particularly our strong suit). 4) We sincerely regret to inform you that we have not included the Spanish translation previously provided, due to our significant concern regarding the ambiguous rules on publication bans related to indicators. 4) Sharing motivates. Happy hunting in this great jungle!
Indikator Pine Script®
oleh Masewal_aj_p_oolom