WMA 150 con pendiente por colorWeighted moving average, 150 periods. Upward slope in green and downward slope in red
Rata-Rata Pergerakan / Moving Averages
Heikin Ashi + EMA9 / DEMA9This indicator combines Heikin Ashi candles with a trend-following moving average system.
You can choose between EMA9 or DEMA9 as the active average.
Only the selected average is displayed, and its color changes dynamically:
Green when the trend is up
Red when the trend is down
Arrow signals are fully customizable:
Show arrows on EMA/DEMA trend changes, or
Show arrows on Heikin Ashi color changes
This allows the indicator to be used both for trend trading and momentum-based strategies, while keeping the chart clean and free of conflicting signals.
Designed for clarity, flexibility, and practical trading use.
TQQQ Framework v6This script is a simple trend‑following framework for trading TQQQ that combines long‑term bias, short‑term momentum, and mean reversion into one visual tool. It plots three moving averages (250‑SMA, 50‑SMA, 21‑EMA), colors the background by trend regime, and prints buy markers when price regains momentum in a bullish environment.
What it does
Uses a 250‑period SMA as the structural “bull/bear regime” filter, only looking for longs when price is above this line.
Uses a 21‑period EMA as the short‑term momentum line, turning green when price is above it and red when price is below it.
Uses a 50‑period SMA as a mean‑reversion reference level, plotted as a softer blue band for pullback zones.
Visual cues
Background turns green when price is above the 250‑SMA (TQQQ bullish focus) and red when below it (implying SQQQ or defensive stance).
The 21‑EMA color shifts dynamically (green/red), giving an immediate read on short‑term momentum without extra indicators.
Signal logic
Generates a buy signal only when:
The market is in a bullish regime (close > 250‑SMA), and
Price crosses back above the 21‑EMA, indicating momentum has resumed after weakness.
Marks this event with a triangle below the bar and exposes an alert condition so it can trigger TQQQ buy alerts automatically.
Related
Summarize main strategy rules in the script
List all user-configurable inputs and defaults
Explain allocation and position sizing logic used
Describe the risk management and stop rules
Identify indicators and formulas implemented in code
Multi EMA Universe (20,50,100,200)Multi EMA Universe (20,50,100,200)
Have an Extra Power of having multiple EMA in a single indicator to whom there is limitation of setting multiple indicator on chart.
User can apply or remove default EMA/s like of period 20, 50, 100 and 200 at a time on same chart. Further, additional 2 more MA/s can also plot as per user choice as and when required.
There is an extra function of Showing Higher Timeframe EMA 20 on lower timeframe so user can trade clutter free from lower timeframe without extra marking or switching chart time. Higher timeframe EMA is only available what its required on lower timeframe.
Also added an Extra Special Function which marks Previous Day High and Low on chart on Daily and intraday timeframe which empowers users to react quickly on current price action.
We have some Fundamentals of stocks also available in table whatever data available in trading view data base help trader to make quick decision on trade.
There is a separate table show sector and industries along with All EMA value + ATR helps user take quick decision who trades based on Sectorial analysis.
This is specially curated to those novice trader who are in learning phase.
If it found useful, share to others who really needs such indicator in starting phase of trading.
I have kept it free to use for all in the spirit of doing good of trading communities.
Further comment and suggestions are welcome...
Baskin Robbin Indicator by @MrwhyBTC Don't chase. Position
The edge isn't the coin it's knowing when the playbook flip
EMA 8 x EMA 80 Indicator Trend Filter for the 123 PatternEMA 8 x EMA 80 Indicator Trend Filter for the 123 Pattern
This indicator displays two Exponential Moving Averages EMA with 8 and 80 periods, designed to assist in trend identification and to act as a filter for trading the 123 buy and sell pattern.
General usage rules
123 Buy: recommended only when trading in an uptrend
123 Sell: recommended only when trading in a downtrend
Moving average filter
Buy setups 123 Buy tend to be more reliable when price is above the 80 period EMA
Sell setups 123 Sell tend to be more reliable when price is below the 8 period EMA
Neutral zone attention
The area between the EMA 8 and EMA 80 is considered a neutral zone
Trading the 123 pattern within this range is riskier, as it often indicates consolidation or lack of clear trend direction
Important disclaimer
This indicator does not generate buy or sell signals by itself. It should be used as a supporting tool, together with proper risk management, market context, and additional analysis.
This is not financial advice.
EMA as Support/Resistance with Backtests (by Visual Sectors)Knowing what works for a specific stock is the game changer!
This script returns 3 years' backtest of EMA acting as Support or Resistance
Wins and Losses are defined as closing above/below the EMA 50. Settings can be changed to any EMA length.
Actionability is % of time EMA was within range, so a EMA 500 will have very low actionability, while EMA 5 - extremely high
Momentum Grid v2.1 + Top StocksThis script is a multi-confirmation momentum and trend assessment tool designed to evaluate market direction using a structured scoring approach rather than single-indicator signals.
Instead of relying on one condition, the indicator combines trend, momentum, and oscillator inputs into a unified framework. Each component contributes one confirmation point, allowing users to assess bullish and bearish strength based on alignment rather than prediction.
Core logic
The script evaluates eight independent conditions:
• Price position relative to multiple exponential moving averages
• EMA trend structure and alignment
• RSI directional bias
• Stochastic momentum direction
• MACD histogram polarity
• Parabolic SAR trend confirmation
• Squeeze momentum state
• Linear regression–based momentum bias
Bullish and bearish scores are calculated separately. Signals are triggered only when a configurable minimum number of confirmations is reached, helping reduce noise during weak or mixed conditions.
CE / PE signal concept
CE and PE labels are generated when bullish or bearish confirmation scores cross the selected threshold. These signals indicate momentum alignment, not guaranteed outcomes, and are evaluated on confirmed bar data only.
Top stocks dashboard
For index context, the script optionally analyzes a small group of heavily weighted stocks associated with the selected index. Each stock is evaluated using its own trend and momentum conditions, providing a quick overview of internal market alignment rather than individual stock recommendations.
This section is intended for situational awareness and index behavior analysis, not for stock-specific trading decisions.
Dashboards and scenario guide
Visual dashboards summarize:
• Trend state across indicators
• Bullish and bearish confirmation scores
• Momentum and volatility context
The scenario guide provides reference levels derived from price and volatility calculations to assist with planning and risk awareness. These values are informational and not trade instructions.
How to use
This indicator is intended as a decision-support and context tool. It works best when combined with price structure, market conditions, and proper risk management. It does not function as a standalone trading system and does not forecast future price movement.
Invite-only note
This script is published as invite-only to maintain controlled access and consistent usage during ongoing refinement. No performance, accuracy, or profitability claims are made. Market behavior varies, and past observations do not guarantee future results.
Scalping Suitability Radar🔍 Scalping Suitability Radar + BUY / SELL / STAND-BY Signals
What this indicator is
The Scalping Suitability Radar is a decision-support indicator designed to help traders avoid low-quality scalping environments and focus only on moments when the market shows:
Sufficient volatility
Adequate liquidity (volume)
Real momentum
Meaningful trend strength
Clear entry timing
Instead of forcing trades in slow, choppy, or low-energy markets, this indicator answers one critical question first:
“Is the market even worth scalping right now?”
Only after the market is deemed scalpable does it assist with:
BUY / SELL signals
STAND-BY (anticipation) alerts
A color-coded decision table explaining why a signal exists (or why you should stay out)
🧠 Core Philosophy
Most losing scalps don’t fail because of bad entries —
they fail because the market conditions were never suitable.
This indicator is built around the idea that:
No setup is better than a forced setup.
🧩 What the indicator evaluates (automatically)
1️⃣ Volatility (ATR % + optional Bollinger Band Width)
Confirms price is moving enough to overcome:
Spreads
Slippage
Time decay (especially for options)
If volatility is too low → NO SCALP
2️⃣ Volume (Relative to recent average)
Ensures liquidity is present
Prevents entries during thin, slow tape
Low volume = unreliable signals
3️⃣ Trend Strength (ADX)
Filters out dead chop and weak direction
Optional requirement that ADX is rising, not just high
4️⃣ Momentum (MACD + Histogram)
Confirms energy behind price movement
Histogram behavior helps anticipate crosses
5️⃣ Directional Bias (RSI + optional EMA filter)
RSI confirms bullish or bearish pressure
EMA filter aligns trades with short-term structure
🟢🟠🔴 Signal Types Explained
🟢 BUY / SELL
Triggered only when all market conditions are suitable, plus:
MACD crossover in the trade direction
RSI confirms directional bias
Optional EMA trend alignment
These are actionable scalp entries , not predictions.
🟠 STAND-BY (Anticipation Signal)
This is a unique feature designed to help you prepare before the entry fires.
STAND-BY appears when:
Market is already scalpable
MACD line and signal line are very close and converging
RSI is in range or very near range
Momentum is building toward a cross
What it means:
“Conditions are aligning — be ready, but don’t enter yet.”
This is especially useful for:
Fast timeframes (30s / 1m)
Options scalping
Traders who want to avoid chasing late entries
⚪ NOT SCALPABLE / GRAY BACKGROUND
When the background is gray:
Volatility, volume, trend, or momentum is insufficient
Any signals during this period should be ignored
This is intentional capital preservation
📊 Decision Table (Built for Novice & Advanced Traders)
The on-chart table shows, in real time:
Each indicator’s current value
The minimum “good” range
Color-coded status:
🟢 Green = suitable
🔴 Red = unsuitable
Helpful notes like:
“ADX rising”
“MACD near cross”
“RSI near LONG range”
“Stand-by confirmed”
This turns the indicator into a learning tool, not just a signal generator.
⚙️ Suggested Settings by Asset Type
Use these as starting points , not absolutes.
📈 Index Futures / Index CFDs (ES, NQ, DAX)
Timeframes: 30s – 1m
Min ATR %: 0.10 – 0.15
Min BB Width %: 0.20 – 0.30
Volume Multiplier: 1.1 – 1.2
ADX Min: 18 – 22
RSI Buy/Sell: 52 / 48
EMA Filter: ON
🧾 Index Options (0DTE SPX, ES options)
Timeframes: 30s
Min ATR %: 0.12 – 0.20
Min BB Width %: 0.25 – 0.40
Volume Multiplier: 1.2 – 1.4
ADX Min: 20 – 25
RSI Buy/Sell: 53 / 47
STAND-BY: Highly recommended
🪙 Crypto (BTC, ETH, majors)
Timeframes : 1m – 3m
Min ATR %: 0.15 – 0.30
BB Width %: 0.30 – 0.50
Volume Multiplier: 1.1
ADX Min: 17 – 20
RSI Buy/Sell: 51 / 49
EMA Filter: Optional (depends on style)
📊 Large-Cap Stocks (AAPL, MSFT, NVDA)
Timeframes: 1m – 5m
Min ATR %: 0.08 – 0.12
BB Width %: 0.15 – 0.25
Volume Multiplier: 1.2
ADX Min: 18
RSI Buy/Sell: 52 / 48
🧠 Best Practices
Do not trade against gray background
Use STAND-BY to prepare, not predict
Combine with:
Market structure
Key levels
Risk management
One clean trade > ten forced trades
⚠️ Disclaimer
This indicator is provided for educational and informational purposes only .
This is not financial advice
It does not guarantee profits or prevent losses
Markets behave differently across assets, sessions, and regimes
You are responsible for choosing settings that match:
Your trading style
Your risk tolerance
The specific asset you trade
Always test settings using paper trading or backtesting before using real capital.
Halo MTF Market Bias (Bull / Bear)This indicator is designed to provide a clear directional market bias at a glance, using a clean and easy-to-read multi-timeframe analysis.
It allows traders to quickly determine whether the market is bullish or bearish, helping them trade only in the direction of the overall market context.
The indicator automatically analyzes the bias on the following timeframes:
1 minute
5 minutes
15 minutes
30 minutes
1 hour
4 hours
Daily
👉 Works on all markets: Crypto, Forex, Indices, Gold, and more.
⚠️ Important
This indicator is not a trading system.
It should be used as a decision-support tool, always combined with a clear strategy and proper risk management.
SILENT FLOW | Chartnes FREESILENT FLOW | Chartnes FREE
Experience Clarity. Follow the Flow.
SILENT FLOW is the systematic evolution of our proven trend following logic, engineered for traders who want to eliminate visual noise and make precise decisions.
Why SILENT FLOW?
Most indicators clutter the chart with bright colors and overlapping text. SILENT FLOW delivers calm structure instead, showing only what truly matters.
Highlights
🌊 Visual Silence: Emerald and Amber scheme minimizes distractions for deeper focused analysis.
🎯 Smart Labels: Setup signals below the candle, active trades above, clean separation without overlaps.
✨ Instant Readability: Price levels automatically rounded for optimal overview at a glance.
Your Entry Point
This FREE version is stable and standalone, perfect for manual trend analysis and getting familiar with the SILENT FLOW philosophy.
Ready for More? Chartnes VIP offers automation, real-time alerts, and advanced filters for professional requirements. Send a private message (PM) for access details.
Disclaimer: For educational purposes only. Not financial advice. Trading involves risk.
OBV with Don Chain Channel### OBV with Don Chain Channel (Enhanced) — Indicator Description
**OBV with Don Chain Channel** is a volume-based momentum indicator that combines **On-Balance Volume (OBV)** with a **Donchian-style High/Low channel** and **automatic divergence detection** to highlight potential breakout strength and early reversal signals.
It plots OBV in a separate pane with dynamic color, draws an OBV channel using recent highs/lows, and marks key events (channel breakouts + divergences) with clear visual cues and alert support.
---
## What it shows
### 1) OBV Line (Color-Coded Momentum)
* **Green** when OBV is rising
* **Red** when OBV is falling
* **Gray** when OBV is flat
This helps you instantly read volume pressure behind price movement.
### 2) Donchian-Style OBV Channel (High/Low Bands)
* **OBV High** = highest OBV over the selected lookback
* **OBV Low** = lowest OBV over the selected lookback
This creates a clean “range” for OBV, making breakouts easy to spot.
### 3) Breakout Signals (Above/Below Channel)
* **Breakout High**: OBV crosses **above** the previous channel high → often signals strong accumulation / momentum confirmation.
* **Breakout Low**: OBV crosses **below** the previous channel low → often signals distribution / weakness confirmation.
Breakouts are shown using:
* Marker circles positioned relative to the channel (not stuck at pane extremes)
* Optional background highlight for visibility
* Built-in alerts
### 4) OBV EMA Trend Filter
An optional **EMA of OBV** helps identify the underlying OBV trend:
* OBV above EMA → bullish bias
* OBV below EMA → bearish bias
### 5) Divergence Detection (Pivot-Based)
The script detects divergences using pivot swings on both **price** and **OBV**:
* **Bullish Divergence**: Price makes a **lower low**, OBV makes a **higher low** → possible reversal/strength building.
* **Bearish Divergence**: Price makes a **higher high**, OBV makes a **lower high** → possible exhaustion/weakening.
Signals are labeled as:
* **“Bull”** (green)
* **“Bear”** (red)
A “max bars between pivots” setting helps filter out weak / irrelevant divergence pairs.
---
## Info Table (Top-Right)
A compact table shows at a glance:
* Current **OBV**
* **OBV EMA**
* Whether OBV is **Inside / Above / Below** the channel
* Current OBV trend bias (**Bullish/Bearish** vs EMA)
---
## Alerts Included
You can create TradingView alerts for:
* OBV Breakout High
* OBV Breakout Low
* Bullish Divergence
* Bearish Divergence
* Any signal (combined)
---
## Inputs (Quick Guide)
* **OBV EMA Length**: Smoothing for trend bias
* **OBV High/Low Lookback**: Channel sensitivity (lower = more signals, higher = fewer)
* **Pivot Lookback**: Divergence swing sensitivity
* **Max Bars Between Pivots**: Divergence strictness
* **Channel Fill + Transparency**: Visual styling
---
### Notes / Disclaimer (recommended for publishing)
This indicator is designed for **analysis and confirmation**, not as a standalone trade system. Always combine with price structure, risk management, and market context.
If you want, I can also write a shorter “TradingView store style” description (2–4 lines) + a clean bullet list for the publish page.
EMA 6/50 Cross + ADX 20 + AlertsThis indicator is designd to filter noise off the EMA cross with the ADX greater than 20 condition.
MA 9 & MA 20 Crossover + EMA200 + CONFIRMED + RSI OB/OS (Alerts)Tesing this strategy. This will not work for all coins. this is short specific coins
AlphaScalp SNIPER FREEAlphaScalp SNIPER FREE is a precision scalping indicator designed to deliver clear, fast, and reliable entry signals with minimal noise.
This FREE version uses a core sniper logic to capture strong momentum moves, making it ideal for traders who want a simple, effective, and easy-to-use scalping tool.
Perfect for testing performance before upgrading to the Premium version.
✅ Key Features (FREE)
Clear BUY & SELL signals directly on the chart
1 Take Profit (TP1) and Stop Loss (SL) automatically plotted
Trend filter to reduce false signals
Non-repaint (based on candle close)
Lightweight & fast on all pairs and timeframes
⚠️ FREE Version Limitations
❌ No TP2 & TP3
❌ No advanced sniper filters
❌ Standard win rate (safe, but not aggressive)
❌ No professional trading modes
⭐ Best For
Learning sniper-style scalping
Manual scalping entries
Backtesting & replay testing
Trying before upgrading to Premium
🚀 Upgrade to SNIPER PREMIUM
The SNIPER PREMIUM version unlocks:
Higher win rate with advanced filtering
TP1 / TP2 / TP3 for scaling profits
Stronger sniper confirmation logic
Designed for serious and consistent traders
FREE to learn. PREMIUM to trade with confidence.
Palm Tracer ElitePalm Tracer Elite
Palm Tracer Elite is a premium trend-following system designed specifically for FCPO (Crude Palm Oil Futures) trading. This tool simplifies market analysis by combining classic EMA crossovers with advanced money management visualization, allowing traders to execute Scalping or Swing strategies with precision.
🚀 Key Features
Trend Detection Engine
Uses a robust EMA 20 & EMA 50 Crossover logic to identify high-probability trend reversals.
Green Cloud : Uptrend confirmed.
Red Cloud : Downtrend confirmed.
Smart Money Management Overlay
Visual Trade Setup : Automatically draws Entry, Take Profit (TP), and Stop Loss (SL) lines on the chart as soon as a signal appears.
Profit & Risk Zones : Clearly shaded areas show you exactly where to aim (Green Zone) and where to exit (Red Zone).
Dynamic Trailing : Supports trailing stops to lock in profits during strong trends.
Dual Trading Modes
🎯 Scalping Mode : Tighter targets (Base TP: 30 ticks) for quick intraday moves.
🌊 Swing Mode : Wider targets (Base TP: 140 ticks) for capturing major market swings.
Custom Mode : Configure your own fixed TP/SL or use Fibonacci expansions.
Live Dashboard
Real-time stats including Win Rate , Net Points , and Total Trades .
Built-in filters: Displays RSI momentum and Volume Spikes to help you validate signals.
📖 How to Use
Select Your Mode
Go to settings and choose "SOP Scalping" or "SOP Swing" based on your trading style.
Wait for Signal
🟢 UP (Buy) : EMA 20 crosses above EMA 50.
🔴 DOWN (Sell) : EMA 20 crosses below EMA 50.
Execute Trade
Enter at the Cyan "Start" Line .
Set your Stop Loss at the Red "Risk" Line .
Take Profit at the Green "Target" Line .
Monitor
Use the dashboard to see if RSI favors your trade (Green text = Good Zone) and watch for Volume Spikes.
Disclaimer: This tool is for educational purposes only. Past performance does not guarantee future results. Always manage your risk.
F4 + MACD + RSI + ADX MTF Dashboard📊 F4 + MACD + RSI + ADX Multi-Timeframe Dashboard
A comprehensive at-a-glance view of market conditions across 11 timeframes in one elegant dashboard.
🎯 Overview
This indicator combines four powerful technical analysis tools into a single, easy-to-read multi-timeframe dashboard. Get instant clarity on trend direction, momentum, and strength across all major timeframes without cluttering your chart.
✨ Key Features
Four Proven Indicators in One View:
F4 (Four EMAs Alignment) - Identifies clean trend direction when price aligns above or below all four EMAs
MACD Histogram - Captures momentum shifts and trend changes
RSI (14) - Spots overbought/oversold conditions with dynamic color coding
ADX - Measures trend strength to filter choppy markets
11 Timeframes Monitored Simultaneously:
Intraday: 1m, 3m, 5m, 15m, 30m, 60m, 75m, 188m
Higher Timeframes: Daily, Weekly, Monthly
Color-Coded Clarity:
🟢 Green = Bullish signal
🔴 Red = Bearish signal
⚪ Gray = Neutral/Sideways/Weak
🔧 How It Works
F4 Logic:
Long: Price trades above all 4 EMAs (5, 13, 21, 50)
Short: Price trades below all 4 EMAs
Sideways: Mixed EMA alignment
MACD Signal:
Based on histogram position relative to zero line
RSI Interpretation:
>60 = Bullish momentum
<40 = Bearish momentum
40-60 = Neutral zone
ADX Strength:
>20 = Strong trending market
<20 = Weak/choppy market
💡 Ideal For
✅ Day traders seeking multi-timeframe confirmation
✅ Swing traders identifying trend alignment
✅ Scalpers checking higher timeframe context
✅ Anyone wanting to avoid analysis paralysis with a clean, organized view
⚙️ Customizable Settings
EMA Lengths: Adjust all four EMAs to your preference
MACD Parameters: Customize fast, slow, and signal periods
RSI & ADX Lengths: Fine-tune sensitivity
Table Position: Choose any corner of your chart
📈 Trading Applications
Trend Confirmation: When multiple timeframes align (all green or all red), it signals a strong directional bias
Divergence Spotting: When lower timeframes contradict higher timeframes, anticipate potential reversals
Entry Timing: Use lower timeframe signals for entries while higher timeframes confirm overall trend
Strength Filtering: ADX column helps avoid trading during low-volatility, choppy conditions
🎨 Clean & Professional Design
Minimal screen real estate usage
Clear visual hierarchy with color coding
No chart clutter - pure tabular organization
Updates automatically on each bar close
BNF (Kotegawa) Strategy [CB Algos]STRATEGY: BNF (Kotegawa) Mean Reversion Strategy
DEVELOPED BY: CB Algos
DESCRIPTION:
This indicator replicates the trading style of Takashi Kotegawa (BNF).
It calculates the percentage deviation of the price from the 25-period SMA.
HOW TO USE:
1. Look for 'Lime' bars (Extreme Buy) or 'Teal' bars (Moderate Buy). These indicate the price has dropped significantly below the average.
2. Look for 'Red' bars (Extreme Sell) as profit-taking zones.
3. Use the Info Panel to see the exact current deviation %.
[SKU] Yearly Sentiment DashboardPro Yearly Sentiment Dashboard (YTD | F5D | EMA 200)
This is a clean, optimized dashboard indicator built for Pine Script v6, combining three powerful, universally watched market sentiment indicators: Year-to-Date (YTD) Level, the "First 5 Days" (F5D) of the year analysis, and the 200-period Exponential Moving Average (EMA).
The script provides a clear, at-a-glance view of the current market structure and key historical reference points.
📊 Features & How It Works
1. Year-to-Date (YTD) Line & Extension
The YTD line represents the closing price of the last trading day of the previous year. It acts as a major psychological pivot point for the current year.
Logic: The indicator plots this level as a clean, horizontal "stepline" (no diagonals) that changes value exactly at the start of a new year.
Customization: You can adjust the color, opacity, and choose to extend the line X bars into the future to monitor forward price action.
2. First 5 Days (F5D) Dashboard
The "First 5 Days" (F5D) is a well-known market adage: As go the first five days of January, so goes the rest of the year.
Logic: The script calculates the status (Bullish/Bearish) on the Daily timeframe, regardless of your chart's current timeframe.
Dashboard Status: The dashboard cell shows a "thumbs up" (👍) if the close of Day 5 was higher than the year's opening price, a "thumbs down" (👎) if lower, and a "waiting" icon (⏳) until the 5th day is complete.
3. EMA 200
A foundational indicator for identifying long-term trend bias.
Logic: A standard 200-period EMA is plotted on the chart.
Dashboard Status: Provides a quick status check (Above/Below EMA).
4. Interactive Dashboard & Styling
The top-right dashboard provides a summarized view of all three indicators, using color-coded backgrounds linked to the line colors for seamless visual alignment.
⚙️ Settings
All settings are intuitively grouped. You can easily toggle visibility for YTD, F5D, and the EMA, adjust colors/opacity (defaults are set to 60% opacity), and control the forward extension of the YTD line.
EMA Ribbon [PTrades]Multiple EMAs that you can change color and width in the input window so that you can easily see which EMA length that you are adjusting.
Deviation Momentum For Loop | Lyro RSThe Deviation Momentum For Loop is a directional momentum tool that evaluates the persistence of price deviation from a moving average over a historical range using a custom loop-based scoring function. It quantifies relative momentum strength by comparing current deviation to previous values, assigning a net score used to assess trend bias, reversals, and volatility-adjusted strength.
Key Features
Deviation-Based Momentum: Calculates standardized deviation from a selected moving average by subtracting the MA from price and normalizing via standard deviation and a scaling constant. This standardization adjusts for volatility and creates a consistent scoring base across assets and timeframes.
Historical For-Loop Scoring: Implements a user-defined for-loop function that compares current deviation to values from earlier bars (configurable range). Each comparison adds or subtracts from a cumulative score based on whether current deviation exceeds historical ones, producing a dynamic momentum read.
Threshold-Based Signal Logic: Applies user-defined thresholds for long and short signals. If the loop score exceeds the long threshold, a bullish bias is inferred; if it drops below the short threshold, a bearish bias is indicated. These thresholds are plotted for visual clarity.
Multi-Palette Visual System:
Predefined Palettes – Choose from Classic, Mystic, Accented, or Royal schemes for bullish and bearish colors.
Custom Colors – Toggle on custom color selection to manually define bullish (UpC) and bearish (DnC) tones.
Dynamic Visuals – Oscillator line, threshold markers, background shading, bar and candle coloring are applied in real time based on trend state
.
Glow and Overlay Effects: Layered glow lines and optional bar/candle coloring reinforce signal strength and trend status directly on the chart.
Built-In Alerts: Provides alert conditions when the for-loop score crosses above or below the defined thresholds, enabling automated monitoring of trend conditions.
How It Works
MA Calculation – Applies the selected moving average to the chosen price source (e.g., close, open, high). Offers 16 moving average types including SMA, EMA, WMA, TEMA, JMA, FRAMA, ZLSMA, KAMA, and others via the LyroRS/LMAs/1 library.
Deviation Computation – Measures the deviation of price from its moving average, normalized by standard deviation and scaled by a fixed constant factor to account for volatility.
Loop Function – Iterates from user-defined indices (From → To) and compares current deviation to past deviations. Increments score for each instance where current > past, decrements when current < past. The resulting value is plotted as the primary oscillator.
Signal Logic – Long and short threshold values are configurable inputs. Crossing above the long threshold signals bullish bias; crossing below the short threshold signals bearish pressure.
Color Coding & Visual Feedback
Palette or custom colors reflect oscillator's directional state.
Additional glow lines increase signal emphasis.
Background shading highlights crossovers with mid-threshold for enhanced visibility.
Optional bar and candle coloring aligns price visualization with indicator signals.
Practical Use
Momentum Confirmation – Use a score rising above the long threshold as a potential bullish signal; falling below the short threshold may indicate bearish strength.
Volatility Normalization – Standardized deviation ensures consistency across assets of different volatility profiles.
Multi-Timeframe Adaptation – The wide selection of moving averages and loop depth settings allows calibration for scalping, swing, or long-term analysis.
Visual Clarity – Color-coordinated candles, bars, oscillator lines, and background simplify interpretation of signal context and trend structure.
Customization
Select from 16 moving average types to control sensitivity and smoothing.
Adjust loop depth (From/To) to define how far back deviation is compared.
Set custom threshold levels to reflect your preferred sensitivity to momentum shifts.
Customize visuals with predefined palettes or manual color settings for full chart integration.
⚠️Disclaimer
This indicator is a tool for technical analysis and does not provide guaranteed results. It should be used in conjunction with other analysis methods and proper risk management practices. The creators of this indicator are not responsible for any financial decisions made based on its signals.
