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Motif-Motif Chart

MTF Trend MAs (H1+H4) MTF Trend MAs (H1+H4) — per-line styles This indicator plots three trend moving averages (20 / 50 / 200) from two higher timeframes (H1 and H4) directly on your current chart. It is designed to help you monitor multi-timeframe dynamic support/resistance levels and overall trend structure without switching charts. Features Multi-timeframe overlay Plots H1 and H4 moving averages on any chart timeframe. Three MA sets Fast: 20 Mid: 50 Slow: 200 Configurable MA types Choose the calculation type for each MA length: EMA / SMA / WMA / RMA. Independent visibility toggles Enable/disable each individual line: H1 20 / 50 / 200 H4 20 / 50 / 200 Per-line styling For every MA and timeframe you can set: Color Line width Line style (Solid / Dashed / Dotted) Notes / Limitations The script uses request.security(..., lookahead_off) to avoid repainting from future data. TradingView plot() does not support true dashed/dotted line rendering like line.new(). In this script the style options are approximations: Solid = normal line Dashed = linebr (broken/stepped appearance) Dotted = circles If you need true dashed/dotted styles, the indicator can be rewritten using line.new() for real line styles.
Indikator Pine Script®
oleh inozemtsev999
ES to SPX Lead (RTH Adaptive)Very simple script designed especially to trade CFD but also scalping. Only RTH (you'll understand why) Not a stand-alone indicator, e.g., an external event may hit the index and /ES leading nature will become meaningless. Same with a sudden crash on a Mag7 stock. Uses Z Score to evaluate if /Es is leading SPX (or not) and /ES VWAP to establish bullish (+1) or bearish territory (-1). Histogram is the product of Z Score times VWAP status, red or green depending. Z score goes from -2 to +2. Zscore reading: 0.4 < |Z| < 1.2 is the trading zone. |Z| <0.4 is sort of neutral shifting gears zone, a no-trade and may be transition moment. Middle numbers show max. limits based on actual volatility (i.e. when to exit and when definitely not to enter a trade). Grey stripes is NO TRADE zone. Final number is the composite histogram value. So: Textbook bullish: /ES above VWAP and Z Score positive Textbook negative: /ES below VWAP and Z score negative If Green Histogram & negative Z Score, you may enter bearish pullback trades making sure Z score is in the sweet spot bracket. If Red histogram & negative Z score, it's a conflict state, signals are not alined. Holds a bullish nature but it may be a warning sign. Script produced by Chat GPT after several iterations.
Indikator Pine Script®
oleh dbirrellr
EvansThis is a simple math problem: If your risk-reward ratio is 1:3. Even if you lose 3 out of 4 trades (a win rate of only 25%), as long as you hit one big win, you'll still break even. That extra bit of win rate is your pure profit. 📊 How to use it with LuxAlgo? This script is your "skeleton," and LuxAlgo is your "muscle." Hearing the green/red alarm: This means your system has detected a DEMA 9/20 crossover. Confirm with the chart: If LuxAlgo also shows a dark blue right-pointing arrow at this time, it represents a strong momentum 1:3 opportunity. If the price is currently in the 0.618 Discount Zone, you must hold this trade. Hearing the yellow alarm: This is a reminder that the trend has changed. If you are already in profit but haven't reached a 1:3 ratio, you can consider manually reducing your position by half and then moving your stop loss to the entry point (Break Even), allowing the remaining profits to run without risk.
Indikator Pine Script®
oleh EvansYu
BRN Dual Momento DUAL MOMENTUM PRO V17.6 is a high-performance technical indicator designed to filter out market noise and identify high-probability trend entries. Unlike simple moving average crossovers, this system employs a hierarchical logic structure: a signal is only generated when price action, trend direction, and volatility momentum are in perfect alignment. The system features a Cyan (Bullish) and Magenta (Bearish) visual identity, with a dynamic Gradient Cloud that visualizes the intensity of the market momentum in real-time. HOW IT WORKS The indicator processes market data in three distinct stages: 1. The Core Engine (The Trigger) Before looking at any indicators, the system validates the price action itself: Trend Alignment: Price must close above (for Buy) or below (for Sell) two customizable Moving Averages (Fast & Slow). You can configure the type (HMA, EMA, SMA, etc.) and length of each. Candle Body Strength: The signal candle must show real intention. Its body size is compared to the average of the last X candles. Dojis and weak candles are ignored. 2. The Validation Layer (The Filters) Once the Core Trigger is met, the signal must pass through a strict checklist to be confirmed: ATR Breakout Filter: Prevents trading in choppy/sideways markets. The price must break out of the ATR Volatility Channel to confirm a valid move. RSI Thresholds: Smart filtering that defines "Buy Zones" and "Sell Zones," avoiding entries at extreme overbought or oversold levels. MACD Confirmation: Ensures the momentum histogram supports the direction of the trade. Momentum Expansion: (Optional) Requires the distance between the Moving Averages to be expanding, ensuring you enter during acceleration, not contraction. 3. Visual Intelligence (The Aesthetics) Dynamic Gradient Cloud: The space between the moving averages is filled with a dynamic gradient color. The more intense the color, the stronger the momentum. Note: The visual cloud is independent of the signal logic. You can keep the visual cloud on while turning off the momentum filter, giving you full control over your chart's aesthetics. Clean Interface: Focus purely on Price, MAs, and Signals. No clutter. SETTINGS & CUSTOMIZATION Group 1 (Core): Configure your Fast/Slow MAs (Type & Length) and Candle Strength sensitivity. Group 2 (Filters): Toggle every filter On/Off independently (ATR Channel, RSI, MACD, Momentum). Group 3 (Visual): Customize the Cyan/Magenta color palette, toggle the ATR Channel lines, and control the Gradient Cloud visibility. STRATEGY TIPS The "Cyan" Signal: Indicates a confirmed Bullish Breakout with volume and momentum support. The "Magenta" Signal: Indicates a confirmed Bearish Breakdown. Ping-Pong Mode: The script includes an alternating signal mode (Buy -> Sell -> Buy), preventing multiple signals in the same direction. Perfect for traders looking for a "clean chart" approach with sophisticated underlying logic. Tradução Rápida dos Pontos Chave (Resumo): Hierarchical Logic: Explica que o indicador segue uma ordem (Gatilho -> Filtros). ATR Breakout: Destaca que ele evita mercados laterais (choppy). Gradient Cloud: Enfatiza a nuvem visual de momentum. Cyan/Magenta: Reforça a identidade visual moderna que você escolheu.
Indikator Pine Script®
oleh arqbrunobelinato
Cup & Handle (Zeiierman)█ Overview Cup & Handle (Zeiierman) is a classic continuation-pattern scanner that detects both bullish Cup+Handle and bearish Inverted Cup+Handle structures using a compact pivot stream. It’s designed to highlight rounded reversals back to a “rim” level, followed by a smaller pullback (“handle”) before a potential continuation move. ⚪ What It Detects A Cup & Handle (Bull) forms when price makes a rounded decline from a left rim, bottoms, then climbs back to a similar right rim. After returning to the rim, price forms a handle (a smaller pullback) that stays within an allowed retracement range. This pattern often precedes a bullish continuation attempt. An Inverted Cup & Handle (Bear) is the mirrored version. Price makes a rounded rise to a left rim, tops, then declines back to a similar right rim. After returning to that rim, price forms a handle (a smaller bounce) that stays within the allowed retracement range. This pattern often precedes a bearish continuation attempt. █ How It Works ⚪ 1) Pivot Extraction (Swing Compression) The script first converts raw candles into a small set of meaningful swing pivots using ta.pivothigh() and ta.pivotlow() with Pivot span. A pivot is accepted only after it is confirmed by the lookback window, which helps reduce noise. Key effect: Higher Pivot span = fewer, stronger pivots (cleaner patterns) Lower Pivot span = more pivots (more patterns, more noise) ⚪ 2) Pattern Framing (4-Point Structure) When at least four pivots exist, the script maps them into a fixed sequence: For a bull Cup+Handle sequence: High → Low → High → Low These are treated as: L = left rim pivot B = cup bottom pivot R = right rim pivot H = handle pivot For a bear inverted Cup+Handle sequence: Low → High → Low → High Mapped similarly, but inverted. This “4-pivot” structure is the minimum shape needed to define a cup and a handle without overfitting. ⚪ 3) Rim Similarity Filter (Cup Quality Control) The script checks if the left rim and right rim are close enough to be considered a proper cup rim: Rim similarity tolerance (%) controls this. Lower tolerance = only very clean symmetric rims Higher tolerance = allows uneven rims (more detections) ⚪ 4) Handle Depth Filter (Reject Weak or Messy Handles) The handle is validated by measuring how deep it retraces relative to the cup depth: Handle Retraction = |rim − handle| / |rim − bottom| The handle must fall between: Handle retrace min Handle retrace max This prevents: tiny “non-handle” wiggles (too shallow) deep pullbacks that break the structure (too deep) █ How to Use ⚪ Interpreting a Bull Cup & Handle Treat it like a continuation setup built around a key breakout level: Cup forms Handle forms Breakout happens above this level Once price returns to this breakout zone and the handle stays controlled, the structure may attempt to continue upward. Common behaviors after a clean signal: Push above the breakout level Brief retest/acceptance near the breakout zone Continuation toward the projected target if momentum holds ⚪ Interpreting a Bear Inverted Cup & Handle Treat it like a bearish continuation/rollover setup built around the same breakout concept: Cup forms (inverted) Handle forms Breakout happens below this level Once price returns to this breakout zone and the handle stays controlled, the structure may attempt to continue downward. Common behaviors after a clean signal: Drop below the breakout level Retest from underneath Continuation toward the projected target if selling pressure persists █ Settings Pivot span – pivot sensitivity. Higher = smoother pivots, fewer signals. Lower = more pivots, more signals/noise. Rim similarity tolerance (%) – rim quality filter. Lower = stricter symmetry, higher = more permissive detection. Handle retrace min – minimum handle depth (filters weak handles). Handle retrace max – maximum handle depth (filters messy/deep handles). Invalidation (handle max retrace %) – “maximum tolerated damage” for handle move before the structure is considered broken. Require breakout confirmation – only trigger when price closes beyond the rim in the expected direction. Target multiplier (× cup depth) – scales how far the projection target is. Lower = closer targets; 1.0 = classic depth target. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Indikator Pine Script®
oleh Zeiierman
9
Peaks and Troughs📄 Script Description – EN (English) Peaks and Troughs (P&T) is a price action indicator that identifies confirmed swing highs (peaks) and swing lows (troughs) based on structural trend changes. Key features: Trend-break based peak and trough confirmation Optional engulfing signal at confirmed swing points Body-break based Mother Bar (Outside Bar) range marking Clean chart output with only the latest active levels Unified alert system using Any alert() function call Designed for discretionary trading, market structure analysis and automation-ready alerting. ---------------------------------------------------- 📄 Script Description – HU (Magyar) A Peaks and Troughs (P&T) egy price action alapú indikátor, amely megerősített csúcs- (peak) és völgypontokat (trough) azonosít trendváltás alapján. Főbb jellemzők: Trendtörés alapú peak és trough meghatározás Opcionális engulfing jelzés megerősített swing pontokon Body-break alapú Mother Bar (Outside Bar) tartomány jelölés Letisztult chart, mindig csak az aktuális szintekkel Egységes riasztási rendszer (Any alert() function call) Diszkrecionális kereskedéshez, market structure elemzéshez és automatizált riasztásokhoz optimalizálva.
Indikator Pine Script®
oleh mildZebra14333
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
Momentum Fusion (CCI + RSI)1. The CCI Engine (Trend & Deviation) The White Line: Represents the raw Commodity Channel Index. It measures how far the current price is from its statistical average. The Yellow Line: An EMA (Exponential Moving Average) of the CCI. This acts as a "trigger." Instead of buying the moment the CCI turns up, you wait for the White line to cross the Yellow line, confirming a shift in momentum. Key Zones: Above +100: Strong Bullish Trend (Common in your IREN and SNDK holdings). Below -100: Strong Bearish Trend or "Oversold" (Watch for this in NEM or APA). 2. The RSI Filter (Velocity & Exhaustion) The Aqua Line: Represents the Relative Strength Index. The Scaling: Since RSI usually lives between 0–100 and CCI fluctuates between -200 and +200, the script automatically "stretches" the RSI so you can compare it directly to the CCI on the same pane. Logic: It prevents "chasing." If the CCI tells you to buy, but the RSI is already near the top of the chart, the script will be cautious. 3. Visual Alerts & "Fusion" Signals Buy Label (Green): Appears when the CCI crosses back above the -100 line (recovering from a dip) AND the RSI is below 40 (meaning there is plenty of "room" to grow before the stock gets tired). Sell Label (Red): Appears when the CCI crosses below +100 (losing steam) AND the RSI is above 60 (indicating the move is likely exhausted). Background Highlighting: * Green Shading: High-conviction buying zone (Extreme Oversold).
Indikator Pine Script®
oleh lidornissim44
Multi-Timeframe Trading SystemIntegrating Multi-Timeframe Trading Analysis: A Comprehensive Approach to Market Structure and Trend Identification In the dynamic landscape of financial markets, traders continually seek robust analytical frameworks that can synthesize diverse market signals into a coherent decision-support system. This script represents a deliberate integration of several established technical analysis concepts, designed to provide a multi-perspective view of market conditions. The rationale for this integration stems from the recognition that no single indicator provides a complete picture; rather, a confluence of signals from different analytical dimensions can enhance the probability of identifying high-quality trading opportunities. The core design principle of this script is the synthesis of trend analysis, momentum assessment, and market structure identification across multiple timeframes. This multi-layered approach is grounded in the widely accepted market axiom that higher timeframes exert gravitational pull on lower timeframes, and that the alignment of signals across temporal scales often precedes significant price movements. Functional Components and Their Synergistic Operation The script operates through several interconnected modules that work in concert: Multi-Timeframe Trend Analysis Dashboard: At the heart of the system is a comparative trend analysis across six distinct timeframes (3-minute to daily). This is achieved using Exponential Moving Average (EMA) crossovers—a proven trend-following mechanism. The dashboard provides instantaneous visual feedback about trend alignment or divergence across timeframes, allowing traders to gauge the strength and consistency of prevailing market trends. When multiple timeframes exhibit congruent trend directions, it suggests a higher-conviction trading environment. EMA-Based Trend Filtering: The script employs dual EMA periods (55 and 200) as its primary trend filter. The relationship between these moving averages serves as the foundation for all subsequent analysis, coloring price bars according to the dominant trend direction. This visual cue helps traders maintain perspective on the broader market context, preventing counter-trend entries during strong trending phases. Momentum Assessment via RSI: The Relative Strength Index (RSI) operates as a complementary momentum oscillator. While the EMA system identifies trend direction, the RSI helps assess whether price movement within that trend is approaching overextended conditions. The script monitors RSI levels for traditional overbought and oversold thresholds, providing alerts when these conditions emerge. Market Structure Analysis through Swing Points and Fractals: The automated detection of swing highs and lows forms the basis for understanding market structure. These pivot points are essential for identifying potential support/resistance zones and charting the sequence of higher highs/lows or lower highs/lows that characterize trending versus ranging markets. The fractal detection system further refines this structural analysis by identifying minor reversal points within the broader swing structure. Fair Value Gap (FVG) Identification: The script automatically detects price voids or "gaps" that often act as magnetic attractors for future price action. These FVGs represent areas of inefficient price discovery where liquidity tends to cluster, making them significant for both trade entry and risk management decisions. Automated Trendline Construction: By connecting successive swing points, the script dynamically draws trendlines that visualize the prevailing market trajectory. These trendlines serve as dynamic support/resistance levels that adapt to changing market conditions. Practical Application and Usage Guidelines Traders can utilize this integrated system in several practical ways: Trend Confirmation: Before entering any position, check the multi-timeframe dashboard for trend alignment. Convergent trends across multiple timeframes generally offer higher-probability trading environments. Entry Timing: Use RSI extremes in conjunction with trend direction. For instance, in an established uptrend (confirmed by EMA alignment), an RSI reading dipping into oversold territory may present a favorable long entry opportunity. Structural Analysis: Monitor the sequence of swing points to identify potential breakouts or breakdowns in market structure. A break of a significant swing point often signals acceleration in the prevailing trend. Fair Value Gap Trading: Watch for price returns to previously identified FVGs, as these zones frequently provide favorable risk-reward entry points with logical stop-loss placement beyond the gap boundaries. Dynamic Support/Resistance: Utilize the automatically drawn trendlines as dynamic levels for trade management, including entry, stop-loss placement, and profit-taking. Originality and Distinctive Features While individual components of this system are derived from established technical analysis principles, the original contribution lies in their specific integration and visualization methodology. The script provides: A unified visual framework that reduces analytical clutter while maintaining comprehensive market assessment Real-time multi-timeframe analysis without requiring constant chart switching Automated structural analysis that eliminates subjective trendline drawing A balanced approach that respects both trend-following and mean-reversion principles Customizable parameters that allow adaptation to different trading instruments and timeframes Important Considerations Users should understand that this tool is designed as a decision-support system, not an automated trading solution. All trading decisions should incorporate additional factors including fundamental analysis, market context, and appropriate risk management. The color-coded bar system and dashboard indicators are intended to streamline analysis, but they cannot guarantee specific market outcomes. Traders are encouraged to test this system in simulated environments before applying it to live markets and to adapt its parameters to align with their individual trading styles and risk tolerances. The script's value proposition lies in its ability to synthesize multiple analytical perspectives into a cohesive visual interface, potentially reducing cognitive load while maintaining analytical rigor—a balance that many traders find challenging to achieve manually across multiple charts and timeframes.
Indikator Pine Script®
oleh neeson1987
ICT ORG with EightsICT ORG with Eights What It Does Plots the RTH overnight gap (4:15pm close → 9:30am open) with eighth-level divisions instead of just quartiles. Gap Levels: 0.000 (Low) | 0.125 | 0.250 | 0.375 | 0.500 (Mid) | 0.625 | 0.750 | 0.875 | 1.000 (High) Key Features Visual gap box between previous close and current open 6 additional levels beyond standard quartiles (0.125, 0.375, 0.625, 0.875) Customizable labels with dates for each level Auto SPY detection (adjusts close time to 4:00pm) Historical gaps - show 1-10 previous days Extend right - project levels forward with buffer bars Quick Setup Best on 5min charts or lower Start with 1-2 historical boxes for clean charts Toggle eighth lines on/off as needed Use labels to track which gap/date you're looking at Use Cases Gap fill trading - precise entry/exit at eighth levels S/R levels - eighths often act as support/resistance Profit targets - use 0.125/0.875 for extreme reversals, 0.375/0.625 for partial fills Settings Time offsets for international indices No plot session to pause drawing during specific hours Full customization of colors, styles, widths, labels Why Eighths? More granularity = better entries. The 0.125/0.875 and 0.375/0.625 levels provide additional confluence zones where price frequently reacts during gap fills.
Indikator Pine Script®
oleh mnakatenus
Batoot Algo PureBatoot Algo (Pure Analysis Mode) Indicator Overview Batoot Algo is an advanced technical analysis indicator based on: Price Action and geometric chart patterns Higher Timeframe (HTF) trend filtering Volume confirmation Breakout & Retest logic Head & Shoulders pattern detection Analysis-only indicator. No Buy/Sell labels on the chart. Alerts and Dashboard only. The goal is clean charts and smarter trading decisions. --- Entry Modes Aggressive (Breakout) Immediate entry on breakout Requires: Confirmed breakout High volume Optional trend alignment Conservative (Retest) Breakout → Wait for retest → Confirmation candle Reduces false signals Suitable for patient trading --- HTF Trend Filter Uses EMA crossover on higher timeframe: EMA 50 EMA 200 EMA50 > EMA200 → Bullish EMA50 < EMA200 → Bearish Filter can be enabled or disabled in settings. --- Price Patterns Detected Automatically detects and draws: Bullish / Bearish Flags Channels Triangles / Pennants Rising Wedge (Bearish) Falling Wedge (Bullish) The area between support and resistance lines is dynamically filled based on the pattern. --- Yellow Candle (High Volume) Yellow candles indicate High Volume. Triggered when: Current candle volume >= Average volume of last 20 candles × volume multiplier Default multiplier: 1.5 Confirms strong breakouts. Not a standalone entry signal. --- Head & Shoulders Detection Supports: Head & Shoulders (Bearish) Inverse Head & Shoulders (Bullish) Neckline drawn automatically. Breakout validated with volume. Pattern status shown in Dashboard. --- Dashboard Displays: Entry Mode (Aggressive / Conservative) HTF Trend Current Pattern Head & Shoulders Status Market Status: ENTRY BUY, ENTRY SELL, WAIT RETEST, SCANNING --- Alerts Alerts trigger only when: Pattern confirmed Breakout / Retest logic satisfied High volume confirmed Trend filter (if enabled) passes No trade labels plotted on chart. --- License & Attribution Licensed under Creative Commons Attribution 4.0 (CC BY 4.0) Free to use and modify. Attribution required. Removing or changing the author name is not allowed. --- This indicator is for technical analysis purposes only and is not financial advice. Always use proper risk management. --- Clean chart, smart analysis, better trading decisions.
Indikator Pine Script®
oleh nazaralgeze
4
Double Top/Bottom Auto Highlighter - Gate SymbolsAutomatically spots classic reversal patterns with intuitive gate symbols: • Double Bottom (bullish W-shape) → 🚪🔓 (gate open – opportunity unlocked) • Double Top (bearish M-shape) → 🚪🔒 (gate closed – resistance holding) Features: • Pivot-based detection with adjustable lookback & tolerance • Subtle background highlights (green/red) when pattern forms • Toggleable gate symbols – clean and meaningful • Very lightweight – no clutter, perfect for gold, silver, futures How to use: - 🚪🔓 after a sell-off → potential long/bounce setup - 🚪🔒 after a rally → potential short/resistance play - Combine with volume spikes or your WC Cross Clouds for stronger signals Tweak pivot length (5–10) and tolerance (0.3–0.8%) to match your timeframe. Open source – feel free to use, modify or expand! dove– Chesapeake, VA
Indikator Pine Script®
oleh dovetIlflenkydove
Double Top/Bottom Auto Highlighter - FixedThis lightweight indicator automatically detects and highlights classic reversal patterns on your chart: • Double Bottom (W-shape) → Green background + "DB" label (potential bullish reversal) • Double Top (M-shape) → Red background + "DT" label (potential bearish reversal) Features: • Pivot-based detection (adjustable lookback for reliability) • Price tolerance % (allows for small differences in highs/lows) • Optional volume spike filter (only show patterns after climactic moves) • Subtle visuals: Toggleable background highlights, labels, and dashed neckline • Built-in alerts for pattern detection + neckline breakouts (great for gold/silver setups!) • Clean & minimal — no clutter, works on any timeframe/symbol How to use: - Green "DB" after a sell-off → Watch for bounce/long opportunity (like your recent gold double bottoms) - Red "DT" after a rally → Potential short or exit longs - Combine with your other indicators (e.g., WC Cross Clouds for regime confirmation) Tweak pivot length (5–10 recommended) and tolerance (0.3–0.8%) in settings to fit your style. Feel free to use, modify, fork, or expand this script however you want! Released under open license. Happy trading! Dove– Chesapeake, VA
Indikator Pine Script®
oleh dovetIlflenkydove