Colored Directional Movement and Bollinger Band's Cloud by DGTThis study combines Bollinger Bands, one of the most popular technical analysis indicators on the market, and Directional Movement (DMI), which is another quite valuable technical analysis indicator.
Bollinger Bands used in conjunction with Directional Movement (DMI) may help getting a better understanding of the ever changing landscape of the market and perform more advanced technical analysis
Here are details of the concept applied
1- Plots Bollinger Band’s (BB) Cloud colored based on Bollinger Band Width (BBW) Indicator’s value
Definition
Bollinger Bands (created by John Bollinger ) are a way to measure volatility . As volatility increases, the wider the bands become and similarly as volatility decreases, the gap between bands narrows
Bollinger Bands, in widely used approach, consist of a band of three lines. Likewise common usage In this study a band of five lines is implemented
The line in the middle is a Simple Moving Average (SMA) set to a period of 20 bars (the most popular usage). The SMA then serves as a base for the Upper and Lower Bands. The Upper and Lower Bands are used as a way to measure volatility by observing the relationship between the Bands and price. the Upper and Lower Bands in this study are set to two and three standard deviations (widely used form is only two standard deviations) away from the SMA (The Middle Line), hence there are two Upper Bands and two Lower Bands. The background between two Upper Bands is filled with a green color and the background between two Lower Bands is filled with a red color. In this we have obtained Bollinger Band’s (BB) Clouds (Upper Cloud and Lower Cloud)
Additionally the intensity of the color of the background is calculated with Bollinger Bands Width ( BBW ), which is a technical analysis indicator derived from the standard Bollinger Bands indicator. Bollinger Bands Width, quantitatively measures the width between the Upper and Lower Bands. In this study the intensity of the color of the background is increased if BBW value is greater than %25
What to look for
Price Actions : Prices are almost always within the bands especially at this study the bands of three standard deviations away from the SMA. Price touching or breaking the BB Clouds could be considered as buying or selling opportunity. However this is not always the case, there are exceptions such as Walking the Bands. “Walking the Bands” can occur in either a strong uptrend or a strong downtrend. During a strong trend, there may be repeated instances of price touching or breaking through the BB Clouds. Each time that this occurs, it is not a signal, it is a result of the overall strength of the move. In this study in order to get a better understanding of the trend and add ability to perform some advanced technical analysis Directional Movement Indicator (DMI) is added to be used in conjunction with Bollinger Bands.
Cycling Between Expansion and Contraction : One of the most well-known theories in regards to Bollinger Bands is that volatility typically fluctuates between periods of expansion (Bands Widening : surge in volatility and price breaks through the BB Cloud) and contraction (Bands Narrowing : low volatility and price is moving relatively sideways). Using Bollinger Bands in conjunction with Bollinger Bands Width may help identifying beginning of a new directional trend which can result in some nice buying or selling signals. Of course the trader should always use caution
2- Plots Colored Directional Movement Line
Definition
Directional Movement (DMI) (created by J. Welles Wilder ) is actually a collection of three separate indicators combined into one. Directional Movement consists of the Average Directional Index (ADX) , Plus Directional Indicator (+D I) and Minus Directional Indicator (-D I) . ADX's purposes is to define whether or not there is a trend present. It does not take direction into account at all. The other two indicators (+DI and -DI) are used to compliment the ADX. They serve the purpose of determining trend direction. By combining all three, a technical analyst has a way of determining and measuring a trend's strength as well as its direction.
This study combines all three lines in a single colored shapes series plotted on the top of the price chart indicating the trend strength with different colors and its direction with triangle up and down shapes.
What to look for
Trend Strength : Analyzing trend strength is the most basic use for the DMI. Wilder believed that a DMI reading above 25 indicated a strong trend, while a reading below 20 indicated a weak or non-existent trend
Crosses : DI Crossovers are the significant trading signal generated by the DMI
With this study
A Strong Trend is assumed when ADX >= 25
Bullish Trend is defined as (+D I > -DI ) and (ADX >= 25), which is plotted as green triangle up shape on top of the price chart
Bearish Trend is defined as (+D I < -DI ) and (ADX >= 25), which is plotted as red triangle down shape on top of the price chart
Week Trend is assumed when 17< ADX < 25, which is plotted as black triangles up or down shape, depending on +DI-DI values, on top of the price chart
Non-Existent Trend is assumed when ADX < 17, which is plotted as yellow triangles up or down shape, depending on +DI-DI values, on top of the price chart
Additionally intensity of the colors used in all cases above are defined by comparing ADX’s current value with its previous value
Summary of the Study:
Even more simplified and visually enhanced DMI drawing comparing to its classical usage (may require a bit practice to get used to it)
As said previously, to get a better understanding of the trend and add ability to perform some advanced technical analysis Directional Movement Indicator (DMI) is used in conjunction with Bollinger Bands.
PS: Analysis and tests are performed with high volatile Cryptocurrency Market
Source of References : definitions provided herein are gathered from TradingView’s knowledgebase/library
Disclaimer: The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd tradingview user liable for any possible claim for damages arising from any decision you make based on use of the script
Cari skrip untuk "adx"
Ultimate Momentum IndicatorThis is an indicator I've been playing with for a while, based on my previous MACD w/ RSI Warning indicator. This one takes it a step further, including information from MACD, RSI, ADX, and Parabolic SAR. These four indicators are represented in this indicator as follows:
MACD: The histogram itself is a normal MACD histogram. Nothing strange about it, and you can adjust the settings for it just as you would a normal MACD.
RSI: Any time the RSI is outside of normal ranges (which can be adjusted in the settings), the bar on the histogram will turn amber to warn you. The actual RSI value is also shown in a label to the left side of the indicator.
ADX: Crosses are drawn along the 0 line to indicate ADX. Blue means the ADX is below the trending level (adjustable in the settings), and orange means it is above that level. Darker colors indicate the ADX has gone up since the previous bar, while lighter colors indicate it has gone down. The actual ADX value is also shown in the label to the left side of the indicator.
Parabolic SAR: At the outside point of each bar in the histogram, a colored dot is drawn. If the dot is green, the Parabolic SAR (settings adjustable) is currently below the closing price. If the dot is red, the SAR is above the closing price.
I must stress that this indicator is not a replacement for any one of the indicators it includes, as it's really only pulling small bits of information from each. The point of this indicator is to give a cohesive picture of momentum at a quick glance. I encourage you to continue to use the normal versions of whichever of the basic indicators you already use, especially if those indicators are a key part of your strategy. This indicator is designed purely as a way to get a bird's eye view of the momentum.
Pretty much every normally adjustable value can be adjusted in the settings for each of the base indicators. You can also set:
The RSI warning levels (30 and 70 by default)
The ADX Crossover, i.e. the point at which you consider the ADX value to indicate a strong trend (25 by default)
The offset for the label which shows the actual RSI & ADX values (109 by default, which happens to line up with my chart layout--yours will almost certainly need to be different to look clean)
All of the colors, naturally
As always, I am open to suggestions on how I might make the indicator look cleaner, or even other indicators I might try to include in the data this indicator produces. My choice of indicators to base this one from is entirely based on the ones I use and know, but I'm sure there are other great indicators that may improve this combination indicator even more!
MTL One-Stop PRO Here’s the English version you can paste into the script description or a Telegram post.
---
# MTL One-Stop PRO v6
**EMAs • PDH/PDL • PWH/PWL • PMH/PML • RSI/ADX/OBV/ATR • Readiness**
## What it draws on the chart
* **EMA bands (21/50/200)** on price + a **21–50 ribbon** — quick read of impulse/pullback and location vs. the moving averages.
* **Prior period levels:**
* **PDH/PDL** (previous day high/low) — *blue*.
* **PWH/PWL** (previous week high/low) — *orange dashed*.
* **PMH/PML** (previous month high/low) — *purple dashed*.
Labels are printed on the right margin to keep the chart clean.
* **“Readiness” panel** (bottom-right): summary metrics and quick long/short readiness scores.
## Readiness panel — fields & meaning
* **TF / Trend**
* `Trend 1 (21>50>200)` — bullish EMA stack.
* `Trend −1 (21<50<200)` — bearish EMA stack.
* `Trend = mix` — mixed/sideways structure.
* **RSI** (calculated on the selected TF) — momentum gauge. Rule of thumb: >50 bullish, <50 bearish.
* **ADX** — trend strength. Practical zone **20–25+**.
* **ATR %** — volatility as % of price (= ATR(14)/Close·100). Helps classify regime: low/normal/high.
* **OBV ↑/↓** — accumulation/distribution direction (arrow from the OBV slope/smoothing).
* **Near PDH? / Near PDL?** — proximity flags to key extremes (within a user-set threshold; handy for breakout/fakeout/retest scenarios).
* **LongScore / ShortScore (0–5)** — quick “readiness” rating:
* +1 for trend aligned with the scenario (EMA stack).
* +1 for RSI in favor.
* +1 for ADX in the working zone.
* +1 for OBV in favor.
* +1 for price positioning (for longs — closer to **PDL/PWL** pullback or **PDH/PWH** breakout; for shorts — the opposite).
Sum → priority: **4–5/5** aggressive, **2–3/5** only with a pattern, **0–1/5** skip.
## How to read & use (fits the “Top-setup 1D/3D/1W” flow)
## Settings (main groups)
* **EMAs (on price):** lengths/visibility 21/50/200, enable the 21–50 “ribbon”.
* **Levels:** toggles for **PDH/PDL**, **PWH/PWL**, **PMH/PML**.
* **Oscillators (calc TF):** choose the timeframe used to compute **RSI/ADX/OBV/ATR** (e.g., compute on **D** while analyzing 1H/3H).
* **Readiness:** proximity threshold to levels (in ATR fractions), working-zone bounds for ADX/RSI.
## Pro tips
* **Colors map to period:** purple = month, orange = week, blue = day.
* Watch **level clusters** (e.g., PWH≈PMH): frequent reversal/fakeout zones.
* **ATR %** guides tactics: in low vol, breakouts underperform; in higher vol, retests and fakeouts improve.
## Important
The indicator **does not generate auto-signals** or replace risk management. It structures levels/context and speeds up the workflow of your checklist (SMC/liquidity/EMA/ATR/RSI/ADX/OBV) in the 1D/3D/1W pipeline.
---
Want a mini “recommended thresholds” card (RSI/ADX/ATR%) per TF and a 60-second “how to build a trade” tutorial for the description?
Supertrend DashboardOverview
This dashboard is a multi-timeframe technical indicator dashboard based on Supertrend. It combines:
Trend detection via Supertrend
Momentum via RSI and OBV (volume)
Volatility via a basic candle-based metric (bs)
Trend strength via ADX
Multi-timeframe analysis to see whether the trend is bullish across different timeframes
It then displays this info in a table on the chart with colors for quick visual interpretation.
2️⃣ Inputs
Dashboard settings:
enableDashboard: Toggle the dashboard on/off
locationDashboard: Where the table appears (Top right, Bottom left, etc.)
sizeDashboard: Text size in the table
strategyName: Custom name for the strategy
Indicator settings:
factor (Supertrend factor): Controls how far the Supertrend lines are from price
atrLength: ATR period for Supertrend calculation
rsiLength: Period for RSI calculation
Visual settings:
colorBackground, colorFrame, colorBorder: Control dashboard style
3️⃣ Core Calculations
a) Supertrend
Supertrend is a trend-following indicator that generates bullish or bearish signals.
Logic:
Compute ATR (atr = ta.atr(atrLength))
Compute preliminary bands:
upperBand = src + factor * atr
lowerBand = src - factor * atr
Smooth bands to avoid false flips:
lowerBand := lowerBand > prevLower or close < prevLower ? lowerBand : prevLower
upperBand := upperBand < prevUpper or close > prevUpper ? upperBand : prevUpper
Determine direction (bullish / bearish):
dir = 1 → bullish
dir = -1 → bearish
Supertrend line = lowerBand if bullish, upperBand if bearish
Output:
st → line to plot
bull → boolean (true = bullish)
b) Buy / Sell Trigger
Logic:
bull = ta.crossover(close, supertrend) → close crosses above Supertrend → buy signal
bear = ta.crossunder(close, supertrend) → close crosses below Supertrend → sell signal
trigger → checks which signal was most recent:
trigger = ta.barssince(bull) < ta.barssince(bear) ? 1 : 0
1 → Buy
0 → Sell
c) RSI (Momentum)
rsi = ta.rsi(close, rsiLength)
Logic:
RSI > 50 → bullish
RSI < 50 → bearish
d) OBV / Volume Trend (vosc)
OBV tracks whether volume is pushing price up or down.
Manual calculation (safe for all Pine versions):
obv = ta.cum( math.sign( nz(ta.change(close), 0) ) * volume )
vosc = obv - ta.ema(obv, 20)
Logic:
vosc > 0 → bullish
vosc < 0 → bearish
e) Volatility (bs)
Measures how “volatile” the current candle is:
bs = ta.ema(math.abs((open - close) / math.max(high - low, syminfo.mintick) * 100), 3)
Higher % → stronger candle moves
Displayed on dashboard as a number
f) ADX (Trend Strength)
= ta.dmi(14, 14)
Logic:
adx > 20 → Trending
adx < 20 → Ranging
g) Multi-Timeframe Supertrend
Timeframes: 1m, 3m, 5m, 10m, 15m, 30m, 1H, 2H, 4H, 12H, 1D
Logic:
for tf in timeframes
= request.security(syminfo.tickerid, tf, f_supertrend(ohlc4, factor, atrLength))
array.push(tf_bulls, bull_tf ? 1.0 : 0.0)
bull_tf ? 1.0 : 0.0 → converts boolean to number
Then we calculate user rating:
userRating = (sum of bullish timeframes / total timeframes) * 10
0 → Strong Sell, 10 → Strong Buy
4️⃣ Dashboard Table Layout
Row Column 0 (Label) Column 1 (Value)
0 Strategy strategyName
1 Technical Rating textFromRating(userRating) (color-coded)
2 Current Signal Buy / Sell (based on last Supertrend crossover)
3 Current Trend Bullish / Bearish (based on Supertrend)
4 Trend Strength bs %
5 Volume vosc → Bullish/Bearish
6 Volatility adx → Trending/Ranging
7 Momentum RSI → Bullish/Bearish
8 Timeframe Trends 📶 Merged cell
9-19 1m → Daily Bullish/Bearish for each timeframe (green/red)
5️⃣ Color Logic
Green shades → bullish / trending / buy
Red / orange → bearish / weak / sell
Yellow → neutral / ranging
Example:
dashboard_cell_bg(1, 1, colorFromRating(userRating))
dashboard_cell_bg(1, 2, trigger ? color.green : color.red)
dashboard_cell_bg(1, 3, superBull ? color.green : color.red)
Makes the dashboard visually intuitive
6️⃣ Key Logic Flow
Calculate Supertrend on current timeframe
Detect buy/sell triggers based on crossover
Calculate RSI, OBV, Volatility, ADX
Request Supertrend on multiple timeframes → convert to 1/0
Compute user rating (percentage of bullish timeframes)
Populate dashboard table with colors and values
✅ The result: You get a compact, fast, multi-timeframe trend dashboard that shows:
Current signal (Buy/Sell)
Current trend (Bullish/Bearish)
Momentum, volatility, and volume cues
Trend across multiple timeframes
Overall technical rating
It’s essentially a full trend-strength scanner directly on your chart.
EMA inFusion Pro - Multiple SourcesEMA Fusion Pro: Dynamic Trend & Momentum Strategy with Three Exit Modes
EMA Fusion Pro is a highly customizable, multi-exit trend-following strategy designed for traders who value both precision and flexibility. By leveraging exponential moving averages (EMA), average directional index (ADX), and volume analysis, this strategy aims to capture trending market moves while offering three distinct exit modes for optimal risk management across varying market conditions.
Strategy Overview
This strategy systematically identifies potential entry points using a moving average crossover with highly configurable data sources (including price, volume, rate of change, or their Heikin Ashi versions) and filters signal quality with ADX trend strength and volume spikes. Each trade is managed with one of three advanced exit methodologies—reverse signal, ATR-based stop/take profit, or fixed percentage—giving you the control to adapt your risk profile to different market regimes.
Key Features
Customizable EMA Source: Calculate the core trend-filtering EMA from price (default), volume, rate of change, or their Heikin Ashi counterparts for unique market perspectives.
Trend Filter with ADX: Confirm entries only when the trend is strong, as measured by the user-adjustable ADX threshold.
Volume Spike Confirmation: Optional filter to only take trades with above-average volume activity, reducing false signals.
Three Exit Modes:
Reverse Signal: Exit trades when a new, opposite entry signal occurs.
ATR-Based Stop/Take Profit: Dynamic risk management using multiples of the average true range (ATR) for both take profit and stop loss.
Percent-Based Stop/Take Profit: Fixed-percentage risk management with user-defined thresholds.
Visual Annotations: Signal markers, EMA line color-coded by source, trend background coloring, and optional ATR/percent-based TP/SL levels.
Info Panel: Real-time display of all core indicators, current trading mode, exit parameters, and position status for quick oversight.
How It Works
Entry Logic: A crossover signal (above/below the EMA) triggers a new entry, but only if both ADX trend strength and (optionally) volume spike conditions are met.
Exit Logic: Three selectable modes allow you to exit trades on reverse signals, at a dynamic ATR-based profit or loss, or at a fixed percentage gain/loss.
Flexible Data Analysis: The EMA source can be chosen from six options—standard price, volume, rate of change, or their Heikin Ashi variants—allowing experimentation with different market dimensions.
Risk Management: All exits are precisely controlled, either by the next opposing signal, by volatility-adjusted levels, or by fixed risk/reward ratios.
Backtest & Optimization: The strategy is fully backtestable within TradingView’s Strategy Tester, with adjustable parameters for optimization.
Customization & Usage
Indicator Source: Select your preferred data type for EMA calculation, opening the door to creative strategy variations (e.g., volume momentum, pure price trend, rate of change divergence).
Filter Toggles: Enable/disable ADX and volume filters as desired—useful for different market environments.
Exit Mode Selection: Switch between reverse, ATR, or percent-based exits with a single parameter—ideal for adapting to ranging vs. trending markets.
Visual Clarity: The EMA line color reflects its underlying source, and the info panel summarizes all critical values for easy monitoring.
Who Should Use This Strategy?
Trend Followers seeking to ride strong moves with multiple exit options.
Experienced Traders who want to experiment with different data types (volume, momentum, Heikin Ashi) for trend analysis.
Algorithmic Traders looking for a robust, flexible base to build upon with their own ideas.
Getting Started
Apply the script to your chart and review default settings.
Customize parameters—EMA length, ADX threshold, volume settings, exit type—as desired.
Backtest on multiple instruments and timeframes to evaluate performance.
Optimize filters, exit rules, and risk parameters for your preferred trading style.
Monitor with the real-time info panel and trade alerts.
Disclaimer
This script is for educational and entertainment purposes only. It is not financial advice. Past performance is not indicative of future results. Always conduct thorough testing and consider your risk tolerance before trading real capital.
— Happy Trading —
Feel free to adapt, share, and contribute to this open-source strategy!
AI's Opinion Trading System V21. Complete Summary of the Indicator Script
AI’s Opinion Trading System V2 is an advanced, multi-factor trading tool designed for the TradingView platform. It combines several technical indicators (moving averages, RSI, MACD, ADX, ATR, and volume analysis) to generate buy, sell, and hold signals. The script features a customizable AI “consensus” engine that weighs multiple indicator signals, applies user-defined filters, and outputs actionable trade instructions with clear stop loss and take profit levels. The indicator also tracks sentiment, volume delta, and allows for advanced features like pyramiding (adding to positions), custom stop loss/take profit prices, and flexible signal confirmation logic. All key data and signals are displayed in a dynamic, color-coded table on the chart for easy review.
2. Full Explanation of the Table
The table is a real-time dashboard summarizing the indicator’s logic and recommendations for the most recent bars. It is color-coded for clarity and designed to help traders quickly understand market conditions and AI-driven trade signals.
Columns (from left to right):
Column Name What it Shows
Bar The time context: “Now” for the current bar, then “Bar -1”, “Bar -2”, etc. for previous bars.
Raw Consensus The raw AI consensus for each bar: “Buy”, “Sell”, or “-” (neutral).
Up Vol The amount of volume on up (rising) bars.
Down Vol The amount of volume on down (falling) bars.
Delta The difference between up and down volume. Green if positive, red if negative, gray if neutral.
Close The closing price for each bar, color-coded by price change.
Sentiment Diff The difference between the close and average sentiment price (a custom sentiment calculation).
Lookback The number of bars used for sentiment calculation (if enabled).
ADX The ADX value (trend strength).
ATR The ATR value (volatility measure).
Vol>Avg “Yes” (green) if volume is above average, “No” (red) otherwise.
Confirm Whether the AI signal is confirmed over the required bars.
Logic Output The AI’s interpreted signal after applying user-selected logic: “Buy”, “Sell”, or “-”.
Final Action The final signal after all filters: “Buy”, “Sell”, or “-”.
Trade Instruction A plain-English instruction: Buy/Sell/Add/Hold/No Action, with price, stop loss, and take profit.
Color Coding:
Green: Positive/bullish values or signals
Red: Negative/bearish values or signals
Gray: Neutral or inactive
Blue background: For all table cells, for visual clarity
White text: Default, except for color-coded cells
3. Full User Instructions for Every Input/Style Option
Below are plain-language instructions for every user-adjustable option in the indicator’s input and style pages:
Inputs
Table Location
What it does: Sets where the summary table appears on your chart.
How to use: Choose from 9 positions (Top Left, Top Center, Top Right, etc.) to avoid overlapping with other chart elements.
Decimal Places
What it does: Controls how many decimal places prices and values are displayed with.
How to use: Increase for assets with very small prices (e.g., SHIB), decrease for stocks or forex.
Show Sentiment Lookback?
What it does: Shows or hides the “Lookback” column in the table, which displays how many bars are used in the sentiment calculation.
How to use: Turn off if you want a simpler table.
AI View Mode
What it does: Selects the logic for how the AI combines signals from different indicators.
Majority: Follows the most common signal among all indicators.
Weighted: Uses custom weights for each type of signal.
Custom: Lets you define your own logic (see below).
How to use: Pick the logic style that matches your trading philosophy.
AI Consensus Weight / Vol Delta Weight / Sentiment Weight
What they do: When using “Weighted” AI View Mode, these let you set how much influence each factor (indicator consensus, volume delta, sentiment) has on the final signal.
How to use: Increase a weight to make that factor more important in the AI’s decision.
Custom AI View Logic
What it does: Lets advanced users write their own logic for when the AI should signal a trade (e.g., “ai==1 and delta>0 and sentiment>0”).
How to use: Only use if you understand basic boolean logic.
Use Custom Stop Loss/Take Profit Prices?
What it does: If enabled, you can enter your own fixed stop loss and take profit prices for buys and sells.
How to use: Turn on to override the auto-calculated SL/TP and enter your desired prices below.
Custom Buy/Sell Stop Loss/Take Profit Price
What they do: If custom SL/TP is enabled, these fields let you set exact prices for stop loss and take profit on both buy and sell trades.
How to use: Enter your preferred price, or leave at 0 for auto-calculation.
Sentiment Lookback
What it does: Sets how many bars the sentiment calculation should look back.
How to use: Increase to smooth out sentiment, decrease for faster reaction.
Max Pyramid Adds
What it does: Limits how many times you can add to an existing position (pyramiding).
How to use: Set to 1 for no adds, higher for more aggressive scaling in trends.
Signal Preset
What it does: Quick-sets a group of signal parameters (see below) for “Robust”, “Standard”, “Freedom”, or “Custom”.
How to use: Pick a preset, or select “Custom” to adjust everything manually.
Min Bars for Signal Confirmation
What it does: Sets how many bars a signal must persist before it’s considered valid.
How to use: Increase for more robust, less frequent signals; decrease for faster, but possibly less reliable, signals.
ADX Length
What it does: Sets the period for the ADX (trend strength) calculation.
How to use: Longer = smoother, shorter = more sensitive.
ADX Trend Threshold
What it does: Sets the minimum ADX value to consider a trend “strong.”
How to use: Raise for stricter trend confirmation, lower for more trades.
ATR Length
What it does: Sets the period for the ATR (volatility) calculation.
How to use: Longer = smoother volatility, shorter = more reactive.
Volume Confirmation Lookback
What it does: Sets how many bars are used to calculate the average volume.
How to use: Longer = more stable volume baseline, shorter = more sensitive.
Volume Confirmation Multiplier
What it does: Sets how much current volume must exceed average volume to be considered “high.”
How to use: Increase for stricter volume filter.
RSI Flat Min / RSI Flat Max
What they do: Define the RSI range considered “flat” (i.e., not trending).
How to use: Widen to be stricter about requiring a trend, narrow for more trades.
Style Page
Most style settings (such as plot colors, label sizes, and shapes) are preset in the script for visual clarity.
You can adjust plot visibility and colors (for signals, stop loss, take profit) in the TradingView “Style” tab as with any indicator.
Buy Signal: Shows as a green triangle below the bar when a buy is triggered.
Sell Signal: Shows as a red triangle above the bar when a sell is triggered.
Stop Loss/Take Profit Lines: Red and green lines for SL/TP, visible when a trade is active.
SL/TP Labels: Small colored markers at the SL/TP levels for each trade.
How to use:
Toggle visibility or change colors in the Style tab if you wish to match your chart theme or preferences.
In Summary
This indicator is highly customizable—you can tune every aspect of the AI logic, risk management, signal filtering, and table display to suit your trading style.
The table gives you a real-time, comprehensive view of all relevant signals, filters, and trade instructions.
All inputs are designed to be intuitive—hover over them in TradingView for tooltips, or refer to the explanations above for details.
Gorgo's Hybrid Oscillator STrategy**Indicator Name:** Gorgo's Hybrid Oscillator STrategy (G.H.O.S.T.)
**Purpose:**
The Gorgo's Hybrid Oscillator STrategy (G.H.O.S.T.) is a multi-component technical analysis tool designed to identify overbought and oversold market conditions, assess trend strength, and signal potential buy and sell opportunities. By combining elements from RSI, Ultimate Oscillator, Stochastic CCI, and ADX, this custom indicator provides a comprehensive view of momentum, trend intensity, and volume context to enhance decision-making.
---
**Components and Logic:**
1. **RSI (Relative Strength Index):**
* Calculated using a customizable period (default: 14) and based on the hlc3 price source.
* Measures recent price changes to evaluate overbought/oversold conditions.
* Incorporated in the final oscillator average.
2. **Ultimate Oscillator:**
* Combines three timeframes (7, 14, 28 by default) to smooth out price movements.
* Uses true range and buying pressure for multi-frame momentum analysis.
* Averaged together with RSI to create the main oscillator signal.
3. **Stochastic CCI:**
* Applies a stochastic process to the Commodity Channel Index (CCI).
* Smooths the %K and %D lines (default: 3 each) to detect subtle reversals.
* Generates oversold (<35) and overbought (>69) signals, plotted as yellow circles.
4. **ADX + DI (Average Directional Index):**
* Determines trend strength using ADX and directional movement indicators (DI).
* ADX threshold is set at 24 by default to filter weak trends.
* Colored histogram columns:
* Green: Strong bullish trend.
* Red: Strong bearish trend.
* Gray: Weak/no trend.
5. **Volume Analysis:**
* Calculates a 9-period SMA of volume.
* Detects significant volume spikes (2.7× the average by default) to validate breakouts or fakeouts.
6. **Oscillator Output ("osc") and Levels:**
* The main plotted oscillator line is the average of the RSI and Ultimate Oscillator.
* Important horizontal lines:
* Overbought (69.0)
* Oversold (35.0)
* Midline (52.0): Neutral reference point.
* ADX threshold line (24.0)
---
**Signals:**
1. **Buy Signal Conditions:**
* Close is less than or equal to open (candle is red).
* Oscillator is decreasing and below oversold level.
* Stochastic CCI is below midline.
* Volume is above average, or excessive volume with oscillator falling below 40.
* ADX confirms trend presence (either above 15 or meeting threshold).
2. **Sell Signal Conditions:**
* ADX increasing and confirming trend.
* Oscillator is increasing and above overbought level.
* Stochastic CCI is above midline.
* Volume is above average, or very high with oscillator above 60.
3. **Visual Feedback:**
* Yellow dots highlight oversold/overbought Stochastic CCI.
* Oscillator line in cyan.
* Background colors:
* Light red for buy signals.
* White for sell signals.
4. **Alerts:**
* Built-in `alertcondition()` calls allow automated alerts for buy and sell events.
---
**Usage Guide:**
* **Best Use Cases:** Trend-following and reversal strategies on any timeframe.
* **Avoid Using Alone:** Use G.H.O.S.T. in conjunction with price action, support/resistance, and other confluence tools.
* **Customization:** All thresholds, periods, and volumes are user-editable from the settings panel.
---
**Interpretation Summary:**
G.H.O.S.T. excels at filtering out noise by combining different oscillators and volume signals to offer contextually valid entries and exits. A bullish (buy) signal typically suggests a market under pressure but potentially bottoming out, while a bearish (sell) signal highlights likely exhaustion after a strong upward push.
This hybrid approach makes the G.H.O.S.T. a reliable ally in volatile or choppy conditions where single-indicator strategies might fail.
RACZ-SIGNAL-V2.1RACZ-SIGNAL-V2.1 – Reactive Analytical Confluence Zones
Developed by: RACZ Trading
Indicator Type: Multi-Factor Confluence System
Overlay: Off (separate pane)
Purpose: Detect powerful trade opportunities through confluence of technical signals.
⸻
🔍 What is RACZ?
RACZ stands for Reactive Analytical Confluence Zones.
It’s a high-precision trading tool built for traders who rely on multi-signal confirmation, momentum alignment, and market structure awareness.
Rather than relying on a single technical metric, RACZ dynamically combines RSI, VWAP-RSI, Divergence, ADX, and Volume Analytics to produce a composite signal score from 0 to 12 — the higher the score, the stronger the signal.
⸻
🧠 How It Works – Core Components
1. RSI Analysis
• Detects momentum shifts.
• Compares RSI value to overbought (default: 67) and oversold (default: 33) thresholds.
• Adds points to Bullish or Bearish score.
2. VWAP-RSI
• Uses RSI based on VWAP (Volume Weighted Average Price).
• Adds weight to signals influenced by volume-adjusted price movement.
3. Divergence Detection
• Detects potential reversal zones.
• Bullish Divergence: RSI crosses up from low zone.
• Bearish Divergence: RSI crosses down from high zone.
• Strong confluence signal when present.
4. ADX Dynamic Strength Filter
• Custom-calculated ADX (trend strength indicator).
• Uses a dynamic threshold derived from SMA of ADX over a lookback period, scaled by a factor (default 0.9).
• Ensures signals are only validated in strong trend environments.
5. Volume Z-Score
• Detects anomalies in volume behavior.
• Z-score applied to 20-period volume average & deviation.
• Labels spikes, drops, high/low volume conditions.
⸻
📊 Signal Scoring Logic
Each component (RSI, VWAP-RSI, Divergence, ADX) can score up to 3 points each.
• Bullish Score: Total from bullish alignment of each factor.
• Bearish Score: Total from bearish alignment of each factor.
• Signal Power = max(bullish, bearish)
📈 Signal Interpretation
• BUY: Bullish Score > Bearish Score
• SELL: Bearish Score > Bullish Score
• NEUTRAL: Scores are equal
• Signal power is plotted on a 0–12 histogram:
• 0–5 = Weak
• 6–8 = Medium
• 9–12 = Strong (High Confluence Zone)
🖥️ Live Status Panel (Top-Right Corner)
This real-time panel helps you break down the signal:Component
Value Explanation: RSI / VWAP / DIV / ADX
Shows points contributing to signal
SIGNAL: Current market bias (BUY, SELL, NEUTRAL)
VOLUME: Volume classification (Spike, Drop, High, Low, Normal)
Color-coded for quick interpretation.
✅ How to Use
1. Look at Histogram: Bars ≥6 suggest valid setups, especially ≥9.
2. Confirm Panel Agreement: Check which components are supporting the signal.
3. Validate Volume: Unusual spikes/drops often precede strong moves.
4. Follow Direction: Use BUY/SELL signals aligned with signal power and trend.
⸻
⚙️ Customizable Inputs
• RSI period, overbought/oversold levels
• VWAP-RSI period
• ADX period and dynamic threshold settings
• Fully adjustable to fit any trading style
⸻
🚀 Why Choose RACZ?
• Clarity: Scores & signals derived from multiple tools, not just one.
• Confluence Logic: Designed for traders who look for confirmation across indicators.
• Speed: Real-time responsiveness to changing market dynamics.
• Volume Awareness: Integrated volume intelligence gives a deeper edge.
⸻
⚠️ Disclaimer
This indicator is intended strictly for educational and informational purposes only. It is not financial advice and should not be used to make actual investment decisions. Always conduct your own research or consult with a licensed financial advisor before trading or investing. Use of this script is at your own risk.
Combined EMA Technical AnalysisThis script is written in Pine Script (version 5) for TradingView and creates a comprehensive technical analysis indicator called "Combined EMA Technical Analysis." It overlays multiple technical indicators on a price chart, including Exponential Moving Averages (EMAs), VWAP, MACD, PSAR, RSI, Bollinger Bands, ADX, and external data from the S&P 500 (SPX) and VIX indices. The script also provides visual cues through colors, shapes, and a customizable table to help traders interpret market conditions.
Here’s a breakdown of the script:
---
### **1. Purpose**
- The script combines several popular technical indicators to analyze price trends, momentum, volatility, and market sentiment.
- It uses color coding (green for bullish, red for bearish, gray/white for neutral) and a table to display key information.
---
### **2. Custom Colors**
- Defines custom RGB colors for bullish (`customGreen`), bearish (`customRed`), and neutral (`neutralGray`) signals to enhance visual clarity.
---
### **3. User Inputs**
- **EMA Colors**: Users can customize the colors of five EMAs (8, 20, 9, 21, 50 periods).
- **MACD Settings**: Adjustable short length (12), long length (26), and signal length (9).
- **RSI Settings**: Adjustable length (14).
- **Bollinger Bands Settings**: Length (20), multiplier (2), and proximity threshold (0.1% of band width).
- **ADX Settings**: Adjustable length (14).
- **Table Settings**: Position (e.g., "Bottom Right") and text size (e.g., "Small").
---
### **4. Indicator Calculations**
#### **Exponential Moving Averages (EMAs)**
- Calculates five EMAs: 8, 20, 9, 21, and 50 periods based on the closing price.
- Used to identify short-term and long-term trends.
#### **Volume Weighted Average Price (VWAP)**
- Resets daily and calculates the average price weighted by volume.
- Color-coded: green if price > VWAP (bullish), red if price < VWAP (bearish), white if neutral.
#### **MACD (Moving Average Convergence Divergence)**
- Uses short (12) and long (26) EMAs to compute the MACD line, with a 9-period signal line.
- Displays "Bullish" (green) if MACD > signal, "Bearish" (red) if MACD < signal.
#### **Parabolic SAR (PSAR)**
- Calculated with acceleration factors (start: 0.02, increment: 0.02, max: 0.2).
- Indicates trend direction: green if price > PSAR (bullish), red if price < PSAR (bearish).
#### **Relative Strength Index (RSI)**
- Measures momentum over 14 periods.
- Highlighted in green if > 70 (overbought), red if < 30 (oversold), white otherwise.
#### **Bollinger Bands (BB)**
- Uses a 20-period SMA with a 2-standard-deviation multiplier.
- Color-coded based on price position:
- Green: Above upper band or close to it.
- Red: Below lower band or close to it.
- Gray: Neutral (within bands).
#### **Average Directional Index (ADX)**
- Manually calculates ADX to measure trend strength:
- Strong trend: ADX > 25.
- Very strong trend: ADX > 50.
- Direction: Bullish if +DI > -DI, bearish if -DI > +DI.
#### **EMA Crosses**
- Detects bullish (crossover) and bearish (crossunder) events for:
- EMA 9 vs. EMA 21.
- EMA 8 vs. EMA 20.
- Visualized with green (bullish) or red (bearish) circles.
#### **SPX and VIX Data**
- Fetches daily closing prices for the S&P 500 (SPX) and VIX (volatility index).
- SPX trend: Bullish if EMA 9 > EMA 21, bearish if EMA 9 < EMA 21.
- VIX levels: High (> 25, fear), Low (< 15, stability).
- VIX color: Green if SPX bullish and VIX low, red if SPX bearish and VIX high, white otherwise.
---
### **5. Visual Outputs**
#### **Plots**
- EMAs, VWAP, and PSAR are plotted on the chart with their respective colors.
- EMA crosses are marked with circles (green for bullish, red for bearish).
#### **Table**
- Displays a summary of indicators in a customizable position and size.
- Indicators shown (if enabled):
- EMA 8/20, 9/21, 50: Green dot if bullish, red if bearish.
- VWAP: Green if price > VWAP, red if price < VWAP.
- MACD: Green if bullish, red if bearish.
- MACD Zero: Green if MACD > 0, red if MACD < 0.
- PSAR: Green if price > PSAR, red if price < PSAR.
- ADX: Arrows for very strong trends (↑/↓), dots for weaker trends, colored by direction.
- Bollinger Bands: Arrows (↑/↓) or dots based on price position.
- RSI: Numeric value, colored by overbought/oversold levels.
- VIX: Numeric value, colored based on SPX trend and VIX level.
---
### **6. Alerts**
- Triggers alerts for EMA 8/20 crosses:
- Bullish: "EMA 8/20 Bullish Cross on Candle Close!"
- Bearish: "EMA 8/20 Bearish Cross on Candle Close!"
---
### **7. Key Features**
- **Flexibility**: Users can toggle indicators on/off in the table and adjust parameters.
- **Visual Clarity**: Consistent use of green (bullish), red (bearish), and neutral colors.
- **Comprehensive**: Combines trend, momentum, volatility, and market sentiment indicators.
---
### **How to Use**
1. Add the script to TradingView.
2. Customize inputs (colors, lengths, table position) as needed.
3. Interpret the chart and table:
- Green signals suggest bullish conditions.
- Red signals suggest bearish conditions.
- Neutral signals indicate indecision or consolidation.
4. Set up alerts for EMA crosses to catch trend changes.
This script is ideal for traders who want a multi-indicator dashboard to monitor price action and market conditions efficiently.
Supertrend + MACD with Advanced FiltersDetailed Guide
1. Indicator Overview
Purpose:
This enhanced indicator combines Supertrend and MACD to signal potential trend changes. In addition, it now includes several extra filters for more reliable signals:
Multi-Timeframe (MTF) Confirmation: Checks a higher timeframe’s trend.
ADX (Momentum) Filter: Ensures the market is trending strongly.
Dynamic Factor Adjustment: Adapts the Supertrend sensitivity to current volatility.
Volume Filter: Verifies that current volume is above average.
Each filter can be enabled or disabled according to your preference.
How It Works:
The Supertrend calculates dynamic support/resistance levels based on ATR and an adjustable factor, while MACD identifies momentum shifts via its crossovers. The additional filters then confirm whether the conditions meet your criteria for a trend change. If all enabled filters align, the indicator plots a shape and triggers an alert.
2. Supertrend Component with Dynamic Factor
Base Factor & ATR Period:
The Supertrend uses these inputs to compute its dynamic bands.
Dynamic Factor Toggle:
When enabled, the factor is adjusted by comparing the current ATR to its simple moving average. This makes the indicator adapt to higher or lower volatility conditions, helping to reduce false signals.
3. MACD Component
Parameters:
Standard MACD settings (Fast MA, Slow MA, Signal Smoothing) determine the responsiveness of the MACD line. Crossovers between the MACD line and its signal line indicate potential trend reversals.
4. Multi-Timeframe (MTF) Filter
Function:
If enabled, the indicator uses a higher timeframe’s simple moving average (SMA) to confirm the prevailing trend.
Bullish Confirmation: The current close is above the higher timeframe SMA.
Bearish Confirmation: The current close is below the higher timeframe SMA.
5. ADX Filter (Momentum)
Custom Calculation:
Since the built-in ta.adx function may not be available, a custom ADX is calculated. This involves:
Determining positive and negative directional movements (DMs).
Smoothing these values to obtain +DI and -DI.
Calculating the DX and then smoothing it to yield the ADX.
Threshold:
Only signals where the ADX exceeds the set threshold (default 20) are considered valid, ensuring that the market is trending strongly enough.
6. Volume Filter
Function:
Checks if the current volume exceeds the average volume (SMA) multiplied by a specified factor. This helps confirm that a price move is supported by sufficient trading activity.
7. Combined Signal Logic & Alerts
Final Signal:
A bullish signal is generated when:
MACD shows a bullish crossover,
Supertrend indicates an uptrend,
And all enabled filters (MTF, ADX, volume) confirm the signal.
The bearish signal is generated similarly in the opposite direction.
Alerts:
Alert conditions are set so that TradingView can notify you via pop-up, email, or SMS when these combined conditions are met.
8. User Adjustments
Toggle Filters:
Use the on/off switches for MTF, ADX, and Volume filters as needed.
Parameter Tuning:
Adjust the ATR period, base factor, higher timeframe settings, ADX period/threshold, and volume multiplier to match your trading style and market conditions.
Backtesting:
Always backtest your settings to ensure that they perform well with your strategy.
Fortuna Trend Predictor**Fortuna Trend Predictor**
### Overview
**Fortuna Trend Predictor** is a powerful trend analysis tool that combines multiple technical indicators to estimate trend strength, volatility, and probability of price movement direction. This indicator is designed to help traders identify potential trend shifts and confirm trade setups with improved accuracy.
### Key Features
- **Trend Strength Analysis**: Uses the difference between short-term and long-term Exponential Moving Averages (EMA) normalized by the Average True Range (ATR) to determine trend strength.
- **Directional Strength via ADX**: Calculates the Average Directional Index (ADX) manually to measure the strength of the trend, regardless of its direction.
- **Probability Estimation**: Provides a probabilistic assessment of price movement direction based on trend strength.
- **Volume Confirmation**: Incorporates a volume filter that validates signals when the trading volume is above its moving average.
- **Volatility Filter**: Uses ATR to identify high-volatility conditions, helping traders avoid false signals during low-volatility periods.
- **Overbought & Oversold Levels**: Includes RSI-based horizontal reference lines to highlight potential reversal zones.
### Indicator Components
1. **ATR (Average True Range)**: Measures market volatility and serves as a denominator to normalize EMA differences.
2. **EMA (Exponential Moving Averages)**:
- **Short EMA (20-period)** - Captures short-term price movements.
- **Long EMA (50-period)** - Identifies the overall trend.
3. **Trend Strength Calculation**:
- Formula: `(Short EMA - Long EMA) / ATR`
- The higher the value, the stronger the trend.
4. **ADX Calculation**:
- Computes +DI and -DI manually to generate ADX values.
- Higher ADX indicates a stronger trend.
5. **Volume Filter**:
- Compares current volume to a 20-period moving average.
- Signals are more reliable when volume exceeds its average.
6. **Volatility Filter**:
- Detects whether ATR is above its own moving average, multiplied by a user-defined threshold.
7. **Probability Plot**:
- Formula: `50 + 50 * (Trend Strength / (1 + abs(Trend Strength)))`
- Values range from 0 to 100, indicating potential movement direction.
### How to Use
- When **Probability Line is above 70**, the trend is strong and likely to continue.
- When **Probability Line is below 30**, the trend is weak or possibly reversing.
- A rising **ADX** confirms strong trends, while a falling ADX suggests consolidation.
- Combine with price action and other confirmation tools for best results.
### Notes
- This indicator does not generate buy/sell signals but serves as a decision-support tool.
- Works best on higher timeframes (H1 and above) to filter out noise.
---
### Example Chart
*The chart below demonstrates how Fortuna Trend Predictor can help identify strong trends and avoid false breakouts by confirming signals with volume and volatility filters.*
Profit Hunter @DaviddTechProfit Hunter @DaviddTech is an advanced multi-strategy indicator designed to give traders a significant edge in identifying high-probability trading opportunities across all market conditions. By combining the power of T3 adaptive moving averages, ADX-based trend strength analysis, SuperTrend trailing stops, and dynamic support/resistance detection, this indicator delivers a complete trading system in one powerful package.
## 📊 Recommended Usage
Timeframes: Most effective on 1H, 4H, and Daily charts for swing trading; 5M and 15M for day trading
Markets: Works across all markets including Forex, Crypto, Indices, and Stocks
Setup Guidelines: Look for T3 crossovers with strong ADX readings (>25) coinciding with breakout signals (yellow dots/red crosses) near key support/resistance levels for highest probability entries
## 🔥 Key Features:
### T3 Adaptive Trend Detection:
Utilizes premium T3 adaptive indicators instead of standard EMAs for superior smoothing and accuracy
Dynamic color-shifting cloud formation between fast and slow T3 lines reveals immediate trend direction
Proprietary transparency algorithm intensifies cloud colors during strong trends based on real-time ADX readings
### Advanced Support & Resistance Mapping:
Automatically identifies and marks key market structure levels during T3 crossovers
Dynamic horizontal level plotting with optional extension for monitoring future price interactions
Intelligent level validation - converts to dotted lines when price breaks through, maintaining visual clarity
### SuperTrend Trailing Stoploss System:
Professional-grade white trailing stop indicator adapts to market volatility using ATR calculations
Generates precise entry and exit signals with optional buy/sell labels at critical reversal points
Visual trend state highlighting for immediate assessment of current market position
### Breakout Detection & Confirmation:
Sophisticated dual-algorithm breakout system combining Bollinger Bands and Keltner Channels
Visual breakout alerts with yellow dots (bullish) and red crosses (bearish) for instant pattern recognition
Validates breakouts against T3 trend direction to minimize false signals
### Alpha Edge Color System:
Utilizes DaviddTech's signature color scheme with bullish green and bearish pink
Revolutionary transparency algorithm translates ADX readings into precise visual intensity
Higher ADX values produce more vivid colors, instantly communicating trend strength without additional indicators
## 💰 Trading Applications:
Alpha Discovery: Identify emerging trends before the majority of market participants
Precision Entry/Exit: Use SuperTrend signals combined with support/resistance levels for optimal trade execution
Risk Management: Set stops based on the white trailing stoploss line for mathematically-optimized protection
Trend Confirmation: Validate setups using the T3 cloud direction and ADX-based intensity
Breakout Trading: Capture explosive moves with confirmed Bollinger/Keltner breakout signals
Swing Position Management: Monitor extended support/resistance levels for multi-day positioning
## ✨ Strategy Example
As shown in the chart image, ideal entries occur when:
The T3 cloud turns bullish (green) or bearish (pink) with strong color intensity
A yellow dot (bullish) or red cross (bearish) breakout signal appears
Price respects the white SuperTrend line as support/resistance
The trade aligns with key horizontal support/resistance levels identified by the indicator
## 📝 Attribution
This indicator builds upon and enhances concepts from:
Market Trend Levels Detector by BigBeluga (support/resistance detection framework)
T3 indicator implementation by DaviddTech (adaptive moving average system)
Average Directional Index (ADX) methodology for trend strength measurement
Profit Hunter @DaviddTech represents the culmination of advanced technical analysis methodologies in one seamless system.
MT-Trend Zone IdentifierTrend Zone Identifier – A Dynamic Market Trend Mapping Tool
Overview
The Trend Zone Identifier is an advanced TradingView indicator that helps traders visualize different market trend phases. By leveraging Pivot Points, Moving Averages (MA), ADX (Average Directional Index), and Retest Confirmation, this tool identifies uptrend, downtrend, and ranging (sideways) conditions dynamically.
This indicator is designed to segment the market into clear trend zones, allowing traders to distinguish between confirmed trends, trend transitions (pending zones), and ranging markets. It provides an intuitive visual overlay to enhance market structure analysis and assist in decision-making.
Key Features
✔ Trend Zone Identification – Classifies price action into Uptrend (Green), Downtrend (Red), Pending Confirmation (Light Colors), and Sideways Market (Gray/Neutral)
✔ Pivot-Based Breakout & Breakdown Detection – Uses pivot highs/lows to determine trend shifts
✔ Moving Average & ADX Validation – Ensures the trend is backed by MA structure and ADX trend strength
✔ Pullback Confirmation – Allows trend confirmation based on price retesting key levels
✔ Extreme Volatility & Gaps Filtering – Optional ATR-based extreme movement filtering to avoid false signals
✔ Multi-Timeframe Support – Option to integrate higher timeframe trend validation
✔ Customizable Sensitivity – Fine-tune MA smoothing, ADX thresholds, pivot detection, and pullback range
How It Works
1. Trend Classification
• Uptrend (Green): Price is above a key MA, ADX confirms strength, and a pivot breakout occurs
• Downtrend (Red): Price is below a key MA, ADX confirms strength, and a pivot breakdown occurs
• Pending Trend (Light Colors): Initial trend breakout or breakdown is detected but requires further confirmation
• Sideways/Ranging (Gray): ADX signals a weak trend, and price remains within a neutral zone
2. Retest & Confirmation Logic
• A trend is only confirmed after a breakout or breakdown followed by a successful retest
• If the market fails the retest, the indicator resets to a neutral state
3. Custom Filters for Optimization
• Enable or disable volume filtering for confirmation
• Adjust pivot sensitivity to detect major or minor swing points
• Choose to require consecutive bars confirming the breakout/breakdown
Ideal Use Cases
🔹 Swing traders who want to capture trend transitions early
🔹 Trend-following traders who rely on confirmed market cycles
🔹 Range traders looking to identify sideways market zones
🔹 Algorithmic traders who need clean trend segmentation for automated strategies
Final Thoughts
The Trend Zone Identifier is a versatile market structure indicator that helps traders define trend cycles visually and avoid trading against weak trends. By providing clear breakout, breakdown, and retest conditions, it enhances market clarity and reduces decision-making errors.
➡ Add this to your TradingView workspace and start analyzing market trends like a pro! 🚀
MTF Signal XpertMTF Signal Xpert – Detailed Description
Overview:
MTF Signal Xpert is a proprietary, open‑source trading signal indicator that fuses multiple technical analysis methods into one cohesive strategy. Developed after rigorous backtesting and extensive research, this advanced tool is designed to deliver clear BUY and SELL signals by analyzing trend, momentum, and volatility across various timeframes. Its integrated approach not only enhances signal reliability but also incorporates dynamic risk management, helping traders protect their capital while navigating complex market conditions.
Detailed Explanation of How It Works:
Trend Detection via Moving Averages
Dual Moving Averages:
MTF Signal Xpert computes two moving averages—a fast MA and a slow MA—with the flexibility to choose from Simple (SMA), Exponential (EMA), or Hull (HMA) methods. This dual-MA system helps identify the prevailing market trend by contrasting short-term momentum with longer-term trends.
Crossover Logic:
A BUY signal is initiated when the fast MA crosses above the slow MA, coupled with the condition that the current price is above the lower Bollinger Band. This suggests that the market may be emerging from a lower price region. Conversely, a SELL signal is generated when the fast MA crosses below the slow MA and the price is below the upper Bollinger Band, indicating potential bearish pressure.
Recent Crossover Confirmation:
To ensure that signals reflect current market dynamics, the script tracks the number of bars since the moving average crossover event. Only crossovers that occur within a user-defined “candle confirmation” period are considered, which helps filter out outdated signals and improves overall signal accuracy.
Volatility and Price Extremes with Bollinger Bands
Calculation of Bands:
Bollinger Bands are calculated using a 20‑period simple moving average as the central basis, with the upper and lower bands derived from a standard deviation multiplier. This creates dynamic boundaries that adjust according to recent market volatility.
Signal Reinforcement:
For BUY signals, the condition that the price is above the lower Bollinger Band suggests an undervalued market condition, while for SELL signals, the price falling below the upper Bollinger Band reinforces the bearish bias. This volatility context adds depth to the moving average crossover signals.
Momentum Confirmation Using Multiple Oscillators
RSI (Relative Strength Index):
The RSI is computed over 14 periods to determine if the market is in an overbought or oversold state. Only readings within an optimal range (defined by user inputs) validate the signal, ensuring that entries are made during balanced conditions.
MACD (Moving Average Convergence Divergence):
The MACD line is compared with its signal line to assess momentum. A bullish scenario is confirmed when the MACD line is above the signal line, while a bearish scenario is indicated when it is below, thus adding another layer of confirmation.
Awesome Oscillator (AO):
The AO measures the difference between short-term and long-term simple moving averages of the median price. Positive AO values support BUY signals, while negative values back SELL signals, offering additional momentum insight.
ADX (Average Directional Index):
The ADX quantifies trend strength. MTF Signal Xpert only considers signals when the ADX value exceeds a specified threshold, ensuring that trades are taken in strongly trending markets.
Optional Stochastic Oscillator:
An optional stochastic oscillator filter can be enabled to further refine signals. It checks for overbought conditions (supporting SELL signals) or oversold conditions (supporting BUY signals), thus reducing ambiguity.
Multi-Timeframe Verification
Higher Timeframe Filter:
To align short-term signals with broader market trends, the script calculates an EMA on a higher timeframe as specified by the user. This multi-timeframe approach helps ensure that signals on the primary chart are consistent with the overall trend, thereby reducing false signals.
Dynamic Risk Management with ATR
ATR-Based Calculations:
The Average True Range (ATR) is used to measure current market volatility. This value is multiplied by a user-defined factor to dynamically determine stop loss (SL) and take profit (TP) levels, adapting to changing market conditions.
Visual SL/TP Markers:
The calculated SL and TP levels are plotted on the chart as distinct colored dots, enabling traders to quickly identify recommended exit points.
Optional Trailing Stop:
An optional trailing stop feature is available, which adjusts the stop loss as the trade moves favorably, helping to lock in profits while protecting against sudden reversals.
Risk/Reward Ratio Calculation:
MTF Signal Xpert computes a risk/reward ratio based on the dynamic SL and TP levels. This quantitative measure allows traders to assess whether the potential reward justifies the risk associated with a trade.
Condition Weighting and Signal Scoring
Binary Condition Checks:
Each technical condition—ranging from moving average crossovers, Bollinger Band positioning, and RSI range to MACD, AO, ADX, and volume filters—is assigned a binary score (1 if met, 0 if not).
Cumulative Scoring:
These individual scores are summed to generate cumulative bullish and bearish scores, quantifying the overall strength of the signal and providing traders with an objective measure of its viability.
Detailed Signal Explanation:
A comprehensive explanation string is generated, outlining which conditions contributed to the current BUY or SELL signal. This explanation is displayed on an on‑chart dashboard, offering transparency and clarity into the signal generation process.
On-Chart Visualizations and Debug Information
Chart Elements:
The indicator plots all key components—moving averages, Bollinger Bands, SL and TP markers—directly on the chart, providing a clear visual framework for understanding market conditions.
Combined Dashboard:
A dedicated dashboard displays key metrics such as RSI, ADX, and the bullish/bearish scores, alongside a detailed explanation of the current signal. This consolidated view allows traders to quickly grasp the underlying logic.
Debug Table (Optional):
For advanced users, an optional debug table is available. This table breaks down each individual condition, indicating which criteria were met or not met, thus aiding in further analysis and strategy refinement.
Mashup Justification and Originality
MTF Signal Xpert is more than just an aggregation of existing indicators—it is an original synthesis designed to address real-world trading complexities. Here’s how its components work together:
Integrated Trend, Volatility, and Momentum Analysis:
By combining moving averages, Bollinger Bands, and multiple oscillators (RSI, MACD, AO, ADX, and an optional stochastic), the indicator captures diverse market dynamics. Each component reinforces the others, reducing noise and filtering out false signals.
Multi-Timeframe Analysis:
The inclusion of a higher timeframe filter aligns short-term signals with longer-term trends, enhancing overall reliability and reducing the potential for contradictory signals.
Adaptive Risk Management:
Dynamic stop loss and take profit levels, determined using ATR, ensure that the risk management strategy adapts to current market conditions. The optional trailing stop further refines this approach, protecting profits as the market evolves.
Quantitative Signal Scoring:
The condition weighting system provides an objective measure of signal strength, giving traders clear insight into how each technical component contributes to the final decision.
How to Use MTF Signal Xpert:
Input Customization:
Adjust the moving average type and period settings, ATR multipliers, and oscillator thresholds to align with your trading style and the specific market conditions.
Enable or disable the optional stochastic oscillator and trailing stop based on your preference.
Interpreting the Signals:
When a BUY or SELL signal appears, refer to the on‑chart dashboard, which displays key metrics (e.g., RSI, ADX, bullish/bearish scores) along with a detailed breakdown of the conditions that triggered the signal.
Review the SL and TP markers on the chart to understand the associated risk/reward setup.
Risk Management:
Use the dynamically calculated stop loss and take profit levels as guidelines for setting your exit points.
Evaluate the provided risk/reward ratio to ensure that the potential reward justifies the risk before entering a trade.
Debugging and Verification:
Advanced users can enable the debug table to see a condition-by-condition breakdown of the signal generation process, helping refine the strategy and deepen understanding of market dynamics.
Disclaimer:
MTF Signal Xpert is intended for educational and analytical purposes only. Although it is based on robust technical analysis methods and has undergone extensive backtesting, past performance is not indicative of future results. Traders should employ proper risk management and adjust the settings to suit their financial circumstances and risk tolerance.
MTF Signal Xpert represents a comprehensive, original approach to trading signal generation. By blending trend detection, volatility assessment, momentum analysis, multi-timeframe alignment, and adaptive risk management into one integrated system, it provides traders with actionable signals and the transparency needed to understand the logic behind them.
Eze Profit Range Detection FilterThe Range Detection Filter is a technical analysis tool designed to help traders identify range-bound market conditions and focus on breakout opportunities. It combines the ATR (Average True Range) for volatility analysis and the ADX (Average Directional Index) for trend strength evaluation to highlight consolidation phases and alert traders when the market is ready to break out.
This indicator provides visual cues and customizable alerts, making it suitable for traders looking to avoid false signals during choppy markets and capitalize on trending moves following a breakout.
What Makes It Unique?
ATR for Volatility:
Measures market volatility by comparing ATR with its moving average.
Consolidation phases are flagged when ATR remains below its moving average for a sustained period.
ADX for Trend Strength:
Monitors trend strength, confirming range-bound conditions when ADX falls below a user-defined threshold (default: 20).
Combines with ATR to ensure accurate detection of trendless periods.
Breakout Alerts:
Notifies traders of breakout opportunities when the price moves outside the highest high or lowest low of the range.
How It Works:
Range Detection:
The market is considered "in range" when:
ATR is below its moving average, indicating low volatility.
ADX is below the threshold, confirming a lack of trend strength.
Visual Indication:
A yellow background highlights range-bound conditions, allowing traders to avoid low-probability trades.
Breakout Detection:
Alerts are triggered for breakouts above or below the range to help traders identify potential opportunities.
Features:
Range Highlighting:
Automatically detects and highlights range-bound markets using a yellow background.
Breakout Alerts:
Sends alerts for breakouts above or below the range once the market exits consolidation.
Customizable Inputs:
ATR length, moving average length, and ADX parameters are fully adjustable to adapt to various trading styles and asset classes.
Multi-Timeframe Compatibility:
Suitable for all markets and timeframes, including stocks, forex, and cryptocurrencies.
How to Use:
Identify Ranges:
Avoid trading when the yellow background appears, signaling a range-bound market.
Focus on Breakouts:
Look for alerts indicating breakouts above or below the range for potential trending opportunities.
Combine with Other Indicators:
Use volume analysis, momentum oscillators, or candlestick patterns to confirm breakout signals.
Credits:
This script utilizes widely accepted methodologies for ATR and ADX calculations. ADX is calculated manually using directional movement (+DI and -DI) for precise trend detection. The concept has been adapted and enhanced to create this comprehensive range-detection tool.
Notes:
This indicator is intended for educational purposes and should not be used as standalone financial advice.
Always incorporate this tool into a broader trading strategy for optimal results.
Post-Open Long Strategy with ATR-based Stop Loss and Take ProfitThe "Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit" is designed to identify buying opportunities after the German and US markets open. It combines various technical indicators to filter entry signals, focusing on breakout moments following price lateralization periods.
Key Components and Their Interaction:
Bollinger Bands (BB):
Description: Uses BB with a 14-period length and standard deviation multiplier of 1.5, creating narrower bands for lower timeframes.
Role in the Strategy: Identifies low volatility phases (lateralization). The lateralization condition is met when the price is near the simple moving average of the BB, suggesting an imminent increase in volatility.
Exponential Moving Averages (EMA):
10-period EMA: Quickly detects short-term trend direction.
200-period EMA: Filters long-term trends, ensuring entries occur in a bullish market.
Interaction: Positions are entered only if the price is above both EMAs, indicating a consolidated positive trend.
Relative Strength Index (RSI):
Description: 7-period RSI with a threshold above 30.
Role in the Strategy: Confirms the market is not oversold, supporting the validity of the buy signal.
Average Directional Index (ADX):
Description: 7-period ADX with 7-period smoothing and a threshold above 10.
Role in the Strategy: Assesses trend strength. An ADX above 10 indicates sufficient momentum to justify entry.
Average True Range (ATR) for Dynamic Stop Loss and Take Profit:
Description: 14-period ATR with multipliers of 2.0 for Stop Loss and 4.0 for Take Profit.
Role in the Strategy: Adjusts exit levels based on current volatility, enhancing risk management.
Resistance Identification and Breakout:
Description: Analyzes the highs of the last 20 candles to identify resistance levels with at least two touches.
Role in the Strategy: A breakout above this level signals a potential continuation of the bullish trend.
Time Filters and Market Conditions:
Trading Hours: Operates only during the opening of the German market (8:00 - 12:00) and US market (15:30 - 19:00).
Panic Candle: The current candle must close negative, leveraging potential emotional reactions in the market.
Avoiding Entry During Pullbacks:
Description: Checks that the two previous candles are not both bearish.
Role in the Strategy: Avoids entering during a potential pullback, improving trade success probability.
Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit
The "Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit" is designed to identify buying opportunities after the German and US markets open. It combines various technical indicators to filter entry signals, focusing on breakout moments following price lateralization periods.
Key Components and Their Interaction:
Bollinger Bands (BB):
Description: Uses BB with a 14-period length and standard deviation multiplier of 1.5, creating narrower bands for lower timeframes.
Role in the Strategy: Identifies low volatility phases (lateralization). The lateralization condition is met when the price is near the simple moving average of the BB, suggesting an imminent increase in volatility.
Exponential Moving Averages (EMA):
10-period EMA: Quickly detects short-term trend direction.
200-period EMA: Filters long-term trends, ensuring entries occur in a bullish market.
Interaction: Positions are entered only if the price is above both EMAs, indicating a consolidated positive trend.
Relative Strength Index (RSI):
Description: 7-period RSI with a threshold above 30.
Role in the Strategy: Confirms the market is not oversold, supporting the validity of the buy signal.
Average Directional Index (ADX):
Description: 7-period ADX with 7-period smoothing and a threshold above 10.
Role in the Strategy: Assesses trend strength. An ADX above 10 indicates sufficient momentum to justify entry.
Average True Range (ATR) for Dynamic Stop Loss and Take Profit:
Description: 14-period ATR with multipliers of 2.0 for Stop Loss and 4.0 for Take Profit.
Role in the Strategy: Adjusts exit levels based on current volatility, enhancing risk management.
Resistance Identification and Breakout:
Description: Analyzes the highs of the last 20 candles to identify resistance levels with at least two touches.
Role in the Strategy: A breakout above this level signals a potential continuation of the bullish trend.
Time Filters and Market Conditions:
Trading Hours: Operates only during the opening of the German market (8:00 - 12:00) and US market (15:30 - 19:00).
Panic Candle: The current candle must close negative, leveraging potential emotional reactions in the market.
Avoiding Entry During Pullbacks:
Description: Checks that the two previous candles are not both bearish.
Role in the Strategy: Avoids entering during a potential pullback, improving trade success probability.
Entry and Exit Conditions:
Long Entry:
The price breaks above the identified resistance.
The market is in a lateralization phase with low volatility.
The price is above the 10 and 200-period EMAs.
RSI is above 30, and ADX is above 10.
No short-term downtrend is detected.
The last two candles are not both bearish.
The current candle is a "panic candle" (negative close).
Order Execution: The order is executed at the close of the candle that meets all conditions.
Exit from Position:
Dynamic Stop Loss: Set at 2 times the ATR below the entry price.
Dynamic Take Profit: Set at 4 times the ATR above the entry price.
The position is automatically closed upon reaching the Stop Loss or Take Profit.
How to Use the Strategy:
Application on Volatile Instruments:
Ideal for financial instruments that show significant volatility during the target market opening hours, such as indices or major forex pairs.
Recommended Timeframes:
Intraday timeframes, such as 5 or 15 minutes, to capture significant post-open moves.
Parameter Customization:
The default parameters are optimized but can be adjusted based on individual preferences and the instrument analyzed.
Backtesting and Optimization:
Backtesting is recommended to evaluate performance and make adjustments if necessary.
Risk Management:
Ensure position sizing respects risk management rules, avoiding risking more than 1-2% of capital per trade.
Originality and Benefits of the Strategy:
Unique Combination of Indicators: Integrates various technical metrics to filter signals, reducing false positives.
Volatility Adaptability: The use of ATR for Stop Loss and Take Profit allows the strategy to adapt to real-time market conditions.
Focus on Post-Lateralization Breakout: Aims to capitalize on significant moves following consolidation periods, often associated with strong directional trends.
Important Notes:
Commissions and Slippage: Include commissions and slippage in settings for more realistic simulations.
Capital Size: Use a realistic trading capital for the average user.
Number of Trades: Ensure backtesting covers a sufficient number of trades to validate the strategy (ideally more than 100 trades).
Warning: Past results do not guarantee future performance. The strategy should be used as part of a comprehensive trading approach.
With this strategy, traders can identify and exploit specific market opportunities supported by a robust set of technical indicators and filters, potentially enhancing their trading decisions during key times of the day.
TASC 2024.08 Volume Confirmation For A Trend System█ OVERVIEW
This script demonstrates the use of volume data to validate price movements based on the techniques Buff Pelz Dormeier discusses in his "Volume Confirmation For A Trend System" article from the August 2024 edition of TASC's Traders' Tips . It presents a trend-following system implementation that utilizes a combination of three indicators: the Average Directional Index (ADX), the Trend Thrust Indicator (TTI), and the Volume Price Confirmation Indicator (VPCI).
█ CONCEPTS
In his article, Buff Pelz Dormeier recounts his search for an optimal trend-following strategy enhanced with volume data, starting with a simple system combining the ADX , MACD , and OBV indicators. Even in these early tests, the author observed that the volume confirmation from OBV notably improved trading performance. Subsequently, the author replaced OBV with his VPCI, which considers the proportional weights of volume and price, to enhance the validation of trend momentum. Lastly, the author explored the inclusion of his TTI, a modified MACD that features volume-based enhancements, as a strategy component for improved trend-following performance.
According to the author's research, the ADX+TTI+VPCI system outperformed similar strategies he tested in the article, yielding significantly higher returns and enhanced perceived reliability. Because the system's design revolves around catching pronounced trends, it performs best with a portfolio of individual stocks. The author applies the system in the article by allocating 5% of the equity to long positions in S&P 500 components that meet the ADX+TTI+VPCI entry criteria (see the Calculations section below for details). He uses the proceeds from closing positions to enter new positions in other stocks meeting the screening criteria, holding any excess proceeds in cash.
█ CALCULATIONS
The TTI is similar to the MACD. Its calculation entails the following steps:
Calculate fast (short-term) and slow (long-term) volume-weighted moving averages (VWMAs).
Compute the volume multiple (VM) as the square of the ratio of the fast VWMA to the slow VWMA.
Adjust these averages by multiplying the fast VWMA by the VM and dividing the slow VWMA by the VM.
Calculate the difference between the adjusted VWMAs to determine the TTI value, and take the average of that series to determine the signal line value.
The VPCI utilizes differences and ratios between VWMAs and corresponding simple moving averages (SMAs) to provide an alternative volume-price confirmation tool. Its calculation is as follows:
Subtract the slow SMA from the VWMA of the same length to calculate the volume-price confirmation/contradiction (VPC) value.
Divide the fast VWMA by the corresponding fast SMA to determine the volume-price ratio (VPR).
Divide the short-term VWMA by the long-term VWMA to calculate the VM.
Compute the VPCI as the product of the VPC, VPR, and VM values.
The long entry criteria of the ADX+TTI+VPCI system are as follows:
The ADX is above 30.
The TTI crosses above its signal line.
The VPCI is above 0, confirming the trend.
Signals to close positions occur when the VPCI is below 0, indicating a contradiction .
NOTE: Unlike in the article, this script applies the ADX+TTI+VPCI system to one stock at a time , not a portfolio of S&P 500 constituents.
█ DISCLAIMER
This strategy script educates users on the trading system outlined by the TASC article. By default, it uses 10% of equity as the order size and a slippage amount of 5 ticks. Traders should adjust these settings and the commission amount when using this script.
StableF-MainIt is combination of Built in Super trend and Adx with take profit
uptrend is considered when +dmi is above -dmi and +dmi is above 25 and adx is above 25 and supertrend gives Buy
downtrend is considered when -dmi is above +dmi and -dmi is above 25 and adx is above 25 and supertrend give sell
use fibo for target by taking as previous swing high and swing low
-supertrend crossover is referred as buy plotshape
-supertrend cross under is referred as Sell plotshape
-keep stoploss at dot line of supertrend
-adx-dmi crossover (+dmi crossed above -dmi) is shown by Triangle Up symbol
-adx-dmi crossunder( -dmi crosses below +dmi) is shown by Triangle down symbol
--Cross symbol with blue line with linewidth 2 is referred as Take profit
--combine this with adx -dmi setting with 7 and 14
----disclaimer-----
used free built in supertrend and adx so u can use same setting in other broker or in trading view
not responsible for any loss or gain
-only for educational purpose
Strength Momentum IndicatorThis indicator is a fork of . It takes it a step further by including RSI and ADX information, which are represented in this indicator as follows:
MOM: The histogram itself is a linear regression curve, by default for the study period the Fibonacci series and exponential moving average were used. You can adjust the settings to your liking.
RSI: Whenever the RSI is outside the normal ranges (which you can adjust in the settings), the bar in the histogram will turn amber to warn you.
ADX: Crosses are drawn along the 0 line to indicate the ADX . Blue means that the ADX is below the trend level (adjustable in the settings), and orange means that it is above that level. Darker colors indicate that the ADX has risen from the previous bar, while lighter colors indicate that it has fallen.
Almost all of the normally adjustable values can be adjusted in the settings for each of the base indicators. Also adjustable:
The RSI alert levels (30 and 70 by default).
The ADX crossover, i.e. the point at which the ADX value is considered to indicate a strong trend (25 by default).
All colors, naturally.
DMI Swings (by Coinrule)The Directional Movement Index is a handy indicator that helps catch the direction in which the price of an asset is moving. It compares the prior highs and lows to draw three lines:
Positive directional line (+DI)
Negative directional line (-DI)
Average direction index (ADX)
DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI, the trend is weak or moving on the downside.
The ADX does not give an indication about the direction but about the strength of the trend.
Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach.
ENTRY
-DI is greater than +DI
ADX is greater than 45
EXIT
+DI is greater than -DI
ADX is greater than 45
Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse.
Our backtests suggest that this script performs well for very short-term scalping strategies on low time frames, such as the 1-minute.
The script considers a 0.1% trading fee to make results more realistic to those you can expect from live market conditions. So realistically, live results should be similar to backtested results.
You can plug this script directly into your crypto exchange using TradingView Signals on Coinrule.
Trade Safely!
LB Squeeze Momentum DivergencesThis study tries to highlight LazyBear Squeeze Momentum divergences
as they are defined by
TradingLatino TradingView user
Squeeze momentum green peaks are connected by a line
Associated prices to these green peaks are also connected
If both lines have a different slope orientation
then there is a divergence.
It only shows two last divergence lines and angles.
The original chart screenshot shows some divergence lines
on the top or main chart
these were drawn manually
because you cannot write to two different charts
from the same pine script study (Well, not in August 2020 anyways)
It's aimed at BTCUSDT pair and 4h timeframe.
HOW IT WORKS
Simple geometric mathematics are used
to calculate the two lines degrees
Then both degrees are compared
to show if both lines agree ( // or \\ )
or if they disagree ( /\ or \/ )
SETTINGS
(SQZDiver) Show degrees : Show degrees of each Squeeze Momentum Divergence
lines to the x-axis.
(SQZDiver) Show desviation labels : Whether to show
or not desviation labels for the Squeeze Momentum Divergences.
(SQZDiver) Show desviation lines : Whether to show
or not desviation lines for the Squeeze Momentum Divergences.
(ADX) Smoothing
(ADX) DI Length
(ADX) key level
(ADX) Print : Whether to show
or not scaled ADX line
(SQZMOM) BB Length
(SQZMOM) BB MultFactor
(SQZMOM) KC Length
(SQZMOM) KC MultFactor
(SQZMOM) Use TrueRange (KC)
(SQZMOM) Print : Whether to show
or not Squeeze Momentum indicator.
WARNING
Some securities and timeframes might output degrees
too next to zero.
The code might need to be tweaked to meet your needs.
USAGE
One strategy is to sell when you are in a long entry
when you find out that the price slope is upwards ( / )
while the lb smilb slope is downwards: ( \ )
E.g. You will see:
/
\
on the indicator.
Why?
Because it might signal you that the price is
going to correct downwards soon.
FEEDBACK 1
Please let me know if there is any
other strategy based on the red side of
LB Squeeze Momentum
so that I might add support for it in the future.
FEEDBACK 2
Calculating degrees in a chart
with a different x-axis scale
is a nightmare
that's why I did not a range settings
so that values next to zero are
converted into zero
and thus showing an horizontal line.
Feedback is welcome on this matter.
EXTRA 1
If you turn off showing the divergence lines
and if you turn off showing the divergence labels
you almost get what TradingLatino user uses
as its default momentum indicator.
EXTRA 2
Optionally this indicator can show you
a rescaled ADX (it only works properly on 2020 Bitcoin charts)
ABOUT COLOURS
TradingLatino user has both dark green and light green
inverted compared to this LB SQZMOM chart.
CREDITS
I have reused and adapted some code from
'Squeeze Momentum Indicator' study
which it's from TradingView LazyBear user.
I have reused and adapted some code from
'Directional Movement Index + ADX & Keylevel Support' study
which it's from TradingView console user.
Price Action Trading System v0.3 by JustUncleL with modifcationsThe base of this script is the Price Action Trading System from JustUncle .
I have first combined it with script ADX and DI by BeikabuOyaji to indicate when the +DI is above the -DI and the ADX is above 20. This is represented by crosses at the top of the page: green indicating that the +DI is above the -DI and ADX above 20, and red if -DI is above the +DI and ADX above 20. If the ADX is increasing in slope while the +DI is above the -DI, an up green arrow is shown at the bottom of the page, indicating an increase in this trend, and the slope of the ADX is increasing and the -DI is above the +DI, a down arrow is shown at the bottom. One could think to a green cross with a green up arrow as a potential buy opportunity, and a red cross with a red down arrow as a potential sell opportunity.
Next, I have combined this script with the Indicator: WaveTrend Oscillator from Lazybear . If the oscillator has readings below -45 and the slope of the line is increasing, a green diamond appears above the chart. This indicates a potential buy opportunity. If the oscillator has readings above 50 and the slope of the line is decreasing, a red diamond appears above the chart. This indicates a potential sell opportunity. Now if the slope of the oscillator is rising significantly but does not hit the -45 threshold to start its increase, but is negative in value, a green flag appears at the top of the page. This represents a potential buy opportunity. If the slope of the oscillator is significantly decreasing and is positive in value, a red flag appears at the bottom of the page. This represents a potential sell opportunity.
The base of this script, the Price Action Trading System v0.3 by JustUncle , has many of its own features that I have kept. If the MACD is positive, the background colour is green. If it is negative, the colour is red. If the CCI and RSI indicate an oversold opportunity and the MACD is positive, you get an up olive arrow below the chart. If they indicate an overbought opportunity and the MACD is negative, you get a red down arrow above the chart. If the CCI value stays oversold after a green arrow, the candle chart turns turquoise, and if overbought, turns black after a red arrow.
You can use these indicators in combination to help you with your trading strategy.
Luxy Momentum, Trend and Breakout Indicators Suit V6TABLE OF CONTENTS
This is Version 6 (V6) - the latest and most optimized release. If you are using any older versions (V5, V4, V3, etc.), it is highly recommended to replace them with V6.
Why This Indicator is Different
Who Should Use This
Core Components Overview
The UT Bot Trading System
Understanding the Market Bias Table
Candlestick Pattern Recognition
Visual Tools and Features
How to Use the Indicator
Performance and Optimization
FAQ
---
1. WHY THIS INDICATOR IS DIFFERENT
Most traders use multiple separate indicators on their charts, leading to cluttered screens, conflicting signals, and analysis paralysis. The Suite solves this by integrating proven technical tools into a single, cohesive system.
Key Advantages:
All-in-One Design: Instead of loading 5-10 separate indicators, you get everything in one optimized script. This reduces chart clutter and improves TradingView performance.
Multi-Timeframe Bias Table: Unlike standard indicators that only show the current timeframe, the Bias Table aggregates trend signals across multiple timeframes simultaneously. See at a glance whether 1m, 5m, 15m, 1h are aligned bullish or bearish - no more switching between charts.
Smart Confirmations: The indicator doesn't just give signals - it shows you WHY. Every entry has multiple layers of confirmation (MA cross, MACD momentum, ADX strength, RSI pullback, volume, etc.) that you can toggle on/off.
Dynamic Stop Loss System: Instead of static ATR stops, the SL is calculated from multiple support/resistance layers: UT trailing line, Supertrend, VWAP, swing structure, and MA levels. This creates more intelligent, price-action-aware stops.
R-Multiple Take Profits: Built-in TP system calculates targets based on your initial risk (1R, 1.5R, 2R, 3R). Lines freeze when touched with visual checkmarks, giving you a clean audit trail of partial exits.
Educational Tooltips Everywhere: Every single input has detailed tooltips explaining what it does, typical values, and how it impacts trading. You're not guessing - you're learning as you configure.
Performance Optimized: Smart caching, conditional calculations, and modular design mean the indicator runs fast despite having 15+ features. Turn off what you don't use for even better performance.
No Repainting: All signals respect bar close. Alerts fire correctly. What you see in history is what you would have gotten in real-time.
What Makes It Unique:
Integrated UT Bot + Bias Table: No other indicator combines UT Bot's ATR trailing system with a live multi-timeframe dashboard. You get precision entries with macro trend context.
Candlestick Pattern Recognition with Interactive Tooltips: Patterns aren't just marked - hover over any emoji for a full explanation of what the pattern means and how to trade it.
Opening Range Breakout Tracker: Built-in ORB system for intraday traders with customizable session times and real-time status updates in the Bias Table.
Previous Day High/Low Auto-Detection: Automatically plots PDH/PDL on intraday charts with theme-aware colors. Updates daily without manual input.
Dynamic Row Labels in Bias Table: The table shows your actual settings (e.g., "EMA 10 > SMA 20") not generic labels. You know exactly what's being evaluated.
Modular Filter System: Instead of forcing a fixed methodology, the indicator lets you build your own strategy. Start with just UT Bot, add filters one at a time, test what works for your style.
---
2. WHO WHOULD USE THIS
Designed For:
Intermediate to Advanced Traders: You understand basic technical analysis (MAs, RSI, MACD) and want to combine multiple confirmations efficiently. This isn't a "one-click profit" system - it's a professional toolkit.
Multi-Timeframe Traders: If you trade one asset but check multiple timeframes for confirmation (e.g., enter on 5m after checking 15m and 1h alignment), the Bias Table will save you hours every week.
Trend Followers: The indicator excels at identifying and following trends using UT Bot, Supertrend, and MA systems. If you trade breakouts and pullbacks in trending markets, this is built for you.
Intraday and Swing Traders: Works equally well on 5m-1h charts (day trading) and 4h-D charts (swing trading). Scalpers can use it too with appropriate settings adjustments.
Discretionary Traders: This isn't a black-box system. You see all the components, understand the logic, and make final decisions. Perfect for traders who want tools, not automation.
Works Across All Markets:
Stocks (US, international)
Cryptocurrency (24/7 markets supported)
Forex pairs
Indices (SPY, QQQ, etc.)
Commodities
NOT Ideal For:
Complete Beginners: If you don't know what a moving average or RSI is, start with basics first. This indicator assumes foundational knowledge.
Algo Traders Seeking Black Box: This is discretionary. Signals require context and confirmation. Not suitable for blind automated execution.
Mean-Reversion Only Traders: The indicator is trend-following at its core. While VWAP bands support mean-reversion, the primary methodology is trend continuation.
---
3. CORE COMPONENTS OVERVIEW
The indicator combines these proven systems:
Trend Analysis:
Moving Averages: Four customizable MAs (Fast, Medium, Medium-Long, Long) with six types to choose from (EMA, SMA, WMA, VWMA, RMA, HMA). Mix and match for your style.
Supertrend: ATR-based trend indicator with unique gradient fill showing trend strength. One-sided ribbon visualization makes it easier to see momentum building or fading.
ZLSMA: Zero-lag linear-regression smoothed moving average. Reduces lag compared to traditional MAs while maintaining smooth curves.
Momentum & Filters:
MACD: Standard MACD with separation filter to avoid weak crossovers.
RSI: Pullback zone detection - only enter longs when RSI is in your defined "buy zone" and shorts in "sell zone".
ADX/DMI: Trend strength measurement with directional filter. Ensures you only trade when there's actual momentum.
Volume Filter: Relative volume confirmation - require above-average volume for entries.
Donchian Breakout: Optional channel breakout requirement.
Signal Systems:
UT Bot: The primary signal generator. ATR trailing stop that adapts to volatility and gives clear entry/exit points.
Base Signals: MA cross system with all the above filters applied. More conservative than UT Bot alone.
Visual Intelligence:
Market Bias Table: Multi-timeframe dashboard showing trend alignment across 7 timeframes plus macro bias (3-day, weekly, monthly, quarterly, VIX).
Candlestick Patterns: Six major reversal patterns auto-detected with interactive tooltips.
ORB Tracker: Opening range high/low with breakout status (intraday only).
PDH/PDL: Previous day levels plotted automatically on intraday charts.
VWAP + Bands: Session-anchored VWAP with up to three standard deviation band pairs.
---
4. THE UT BOT TRADING SYSTEM
The UT Bot is the heart of the indicator's signal generation. It's an advanced ATR trailing stop that adapts to market volatility.
Why UT Bot is Superior to Fixed Stops:
Traditional ATR stops use a fixed multiplier (e.g., "stop = entry - 2×ATR"). UT Bot is smarter:
It TRAILS the stop as price moves in your favor
It WIDENS during high volatility to avoid premature stops
It TIGHTENS during consolidation to lock in profits
It FLIPS when price breaks the trailing line, signaling reversals
Visual Elements You'll See:
Orange Trailing Line: The actual UT stop level that adapts bar-by-bar
Buy/Sell Labels: Aqua triangle (long) or orange triangle (short) when the line flips
ENTRY Line: Horizontal line at your entry price (optional, can be turned off)
Suggested Stop Loss: A composite SL calculated from multiple support/resistance layers:
- UT trailing line
- Supertrend level
- VWAP
- Swing structure (recent lows/highs)
- Long-term MA (200)
- ATR-based floor
Take Profit Lines: TP1, TP1.5, TP2, TP3 based on R-multiples. When price touches a TP, it's marked with a checkmark and the line freezes for audit trail purposes.
Status Messages: "SL Touched ❌" or "SL Frozen" when the trade leg completes.
How UT Bot Differs from Other ATR Systems:
Multiple Filters Available: You can require 2-bar confirmation, minimum % price change, swing structure alignment, or ZLSMA directional filter. Most UT implementations have none of these.
Smart SL Calculation: Instead of just using the UT line as your stop, the indicator suggests a better SL based on actual support/resistance. This prevents getting stopped out by wicks while keeping risk controlled.
Visual Audit Trail: All SL/TP lines freeze when touched with clear markers. You can review your trades weeks later and see exactly where entries, stops, and targets were.
Performance Options: "Draw UT visuals only on bar close" lets you reduce rendering load without affecting logic or alerts - critical for slower machines or 1m charts.
Trading Logic:
UT Bot flips direction (Buy or Sell signal appears)
Check Bias Table for multi-timeframe confirmation
Optional: Wait for Base signal or candlestick pattern
Enter at signal bar close or next bar open
Place stop at "Suggested Stop Loss" line
Scale out at TP levels (TP1, TP2, TP3)
Exit remaining position on opposite UT signal or stop hit
---
5. UNDERSTANDING THE MARKET BIAS TABLE
This is the indicator's unique multi-timeframe intelligence layer. Instead of looking at one chart at a time, the table aggregates signals across seven timeframes plus macro trend bias.
Why Multi-Timeframe Analysis Matters:
Professional traders check higher and lower timeframes for context:
Is the 1h uptrend aligning with my 5m entry?
Are all short-term timeframes bullish or just one?
Is the daily trend supportive or fighting me?
Doing this manually means opening multiple charts, checking each indicator, and making mental notes. The Bias Table does it automatically in one glance.
Table Structure:
Header Row:
On intraday charts: 1m, 5m, 15m, 30m, 1h, 2h, 4h (toggle which ones you want)
On daily+ charts: D, W, M (automatic)
Green dot (🟢) next to title = live updating
Headline Rows - Macro Bias:
These show broad market direction over longer periods:
3 Day Bias: Trend over last 3 trading sessions (uses 1h data)
Weekly Bias: Trend over last 5 trading sessions (uses 4h data)
Monthly Bias: Trend over last 30 daily bars
Quarterly Bias: Trend over last 13 weekly bars
VIX Fear Index: Market regime based on VIX level - bullish when low, bearish when high
Opening Range Breakout: Status of price vs. session open range (intraday only)
These rows show text: "BULLISH✔️", "BEARISH✖️", or "NEUTRAL⚠️"
Indicator Rows - Technical Signals:
These evaluate your configured indicators across all active timeframes:
Fast MA > Medium MA (shows your actual MA settings, e.g., "EMA 10 > SMA 20")
Price > Long MA (e.g., "Price > SMA 200")
Price > VWAP
MACD > Signal
Supertrend (up/down/neutral)
ZLSMA Rising
RSI In Zone
ADX ≥ Minimum
These rows show emojis: 🟩 (bullish), 🟥 (bearish), 🟡 (neutral/NA)
AVG Column:
Shows percentage of active timeframes that are bullish for that row. This is the KEY metric:
AVG > 70% = strong multi-timeframe bullish alignment
AVG 40-60% = mixed/choppy, no clear trend
AVG < 30% = strong multi-timeframe bearish alignment
How to Use the Table:
For a long trade:
Check AVG column - want to see > 60% ideally
Check headline bias rows - want to see BULLISH, not BEARISH
Check VIX row - bullish market regime preferred
Check ORB row (intraday) - want ABOVE for longs
Scan indicator rows - more green = better confirmation
For a short trade:
Check AVG column - want to see < 40% ideally
Check headline bias rows - want to see BEARISH, not BULLISH
Check VIX row - bearish market regime preferred
Check ORB row (intraday) - want BELOW for shorts
Scan indicator rows - more red = better confirmation
When AVG is 40-60%:
Market is choppy, mixed signals. Either stay out or reduce position size significantly. These are low-probability environments.
Unique Features:
Dynamic Labels: Row names show your actual settings (e.g., "EMA 10 > SMA 20" not generic "Fast > Slow"). You know exactly what's being evaluated.
Customizable Rows: Turn off rows you don't care about. Only show what matters to your strategy.
Customizable Timeframes: On intraday charts, disable 1m or 4h if you don't trade them. Reduces calculation load by 20-40%.
Automatic HTF Handling: On Daily/Weekly/Monthly charts, the table automatically switches to D/W/M columns. No configuration needed.
Performance Smart: "Hide BIAS table on 1D or above" option completely skips all table calculations on higher timeframes if you only trade intraday.
---
6. CANDLESTICK PATTERN RECOGNITION
The indicator automatically detects six major reversal patterns and marks them with emojis at the relevant bars.
Why These Six Patterns:
These are the most statistically significant reversal patterns according to trading literature:
High win rate when appearing at support/resistance
Clear visual structure (not subjective)
Work across all timeframes and assets
Studied extensively by institutions
The Patterns:
Bullish Patterns (appear at bottoms):
🔺 Bullish Engulfing: Green candle completely engulfs prior red candle's body. Strong reversal signal.
🔨 Hammer: Small body with long lower wick (at least 2× body size). Shows rejection of lower prices by buyers.
🌅 Morning Star: Three-candle pattern (large red → small indecision → large green). Very strong bottom reversal.
Bearish Patterns (appear at tops):
🔻 Bearish Engulfing: Red candle completely engulfs prior green candle's body. Strong reversal signal.
🌠 Shooting Star: Small body with long upper wick (at least 2× body size). Shows rejection of higher prices by sellers.
🌆 Evening Star: Three-candle pattern (large green → small indecision → large red). Very strong top reversal.
Interactive Tooltips:
Unlike most pattern indicators that just draw shapes, this one is educational:
Hover your mouse over any pattern emoji
A tooltip appears explaining: what the pattern is, what it means, when it's most reliable, and how to trade it
No need to memorize - learn as you trade
Noise Filter:
"Min candle body % to filter noise" setting prevents false signals:
Patterns require minimum body size relative to price
Filters out tiny candles that don't represent real buying/selling pressure
Adjust based on asset volatility (higher % for crypto, lower for low-volatility stocks)
How to Trade Patterns:
Patterns are NOT standalone entry signals. Use them as:
Confirmation: UT Bot gives signal + pattern appears = stronger entry
Reversal Warning: In a trade, opposite pattern appears = consider tightening stop or taking profit
Support/Resistance Validation: Pattern at key level (PDH, VWAP, MA 200) = level is being respected
Best combined with:
UT Bot or Base signal in same direction
Bias Table alignment (AVG > 60% or < 40%)
Appearance at obvious support/resistance
---
7. VISUAL TOOLS AND FEATURES
VWAP (Volume Weighted Average Price):
Session-anchored VWAP with standard deviation bands. Shows institutional "fair value" for the trading session.
Anchor Options: Session, Day, Week, Month, Quarter, Year. Choose based on your trading timeframe.
Bands: Up to three pairs (X1, X2, X3) showing statistical deviation. Price at outer bands often reverses.
Auto-Hide on HTF: VWAP hides on Daily/Weekly/Monthly charts automatically unless you enable anchored mode.
Use VWAP as:
Directional bias (above = bullish, below = bearish)
Mean reversion levels (outer bands)
Support/resistance (the VWAP line itself)
Previous Day High/Low:
Automatically plots yesterday's high and low on intraday charts:
Updates at start of each new trading day
Theme-aware colors (dark text for light charts, light text for dark charts)
Hidden automatically on Daily/Weekly/Monthly charts
These levels are critical for intraday traders - institutions watch them closely as support/resistance.
Opening Range Breakout (ORB):
Tracks the high/low of the first 5, 15, 30, or 60 minutes of the trading session:
Customizable session times (preset for NYSE, LSE, TSE, or custom)
Shows current breakout status in Bias Table row (ABOVE, BELOW, INSIDE, BUILDING)
Intraday only - auto-disabled on Daily+ charts
ORB is a classic day trading strategy - breakout above opening range often leads to continuation.
Extra Labels:
Change from Open %: Shows how far price has moved from session open (intraday) or daily open (HTF). Green if positive, red if negative.
ADX Badge: Small label at bottom of last bar showing current ADX value. Green when above your minimum threshold, red when below.
RSI Badge: Small label at top of last bar showing current RSI value with zone status (buy zone, sell zone, or neutral).
These labels provide quick at-a-glance confirmation without needing separate indicator windows.
---
8. HOW TO USE THE INDICATOR
Step 1: Add to Chart
Load the indicator on your chosen asset and timeframe
First time: Everything is enabled by default - the chart will look busy
Don't panic - you'll turn off what you don't need
Step 2: Start Simple
Turn OFF everything except:
UT Bot labels (keep these ON)
Bias Table (keep this ON)
Moving Averages (Fast and Medium only)
Suggested Stop Loss and Take Profits
Hide everything else initially. Get comfortable with the basic UT Bot + Bias Table workflow first.
Step 3: Learn the Core Workflow
UT Bot gives a Buy or Sell signal
Check Bias Table AVG column - do you have multi-timeframe alignment?
If yes, enter the trade
Place stop at Suggested Stop Loss line
Scale out at TP levels
Exit on opposite UT signal
Trade this simple system for a week. Get a feel for signal frequency and win rate with your settings.
Step 4: Add Filters Gradually
If you're getting too many losing signals (whipsaws in choppy markets), add filters one at a time:
Try: "Require 2-Bar Trend Confirmation" - wait for 2 bars to confirm direction
Try: ADX filter with minimum threshold - only trade when trend strength is sufficient
Try: RSI pullback filter - only enter on pullbacks, not chasing
Try: Volume filter - require above-average volume
Add one filter, test for a week, evaluate. Repeat.
Step 5: Enable Advanced Features (Optional)
Once you're profitable with the core system, add:
Supertrend for additional trend confirmation
Candlestick patterns for reversal warnings
VWAP for institutional anchor reference
ORB for intraday breakout context
ZLSMA for low-lag trend following
Step 6: Optimize Settings
Every setting has a detailed tooltip explaining what it does and typical values. Hover over any input to read:
What the parameter controls
How it impacts trading
Suggested ranges for scalping, day trading, and swing trading
Start with defaults, then adjust based on your results and style.
Step 7: Set Up Alerts
Right-click chart → Add Alert → Condition: "Luxy Momentum v6" → Choose:
"✅UT Bot — Buy✅" for long entries
"❌UT Bot — Sell❌" for short entries
"Base Long/Short" for filtered MA cross signals
Optionally enable "Send real-time alert() on UT flip" in settings for immediate notifications.
Common Workflow Variations:
Conservative Trader:
UT signal + Base signal + Candlestick pattern + Bias AVG > 70%
Enter only at major support/resistance
Wider UT sensitivity, multiple filters
Aggressive Trader:
UT signal + Bias AVG > 60%
Enter immediately, no waiting
Tighter UT sensitivity, minimal filters
Swing Trader:
Focus on Daily/Weekly Bias alignment
Ignore intraday noise
Use ORB and PDH/PDL less (or not at all)
Wider stops, patient approach
---
9. PERFORMANCE AND OPTIMIZATION
The indicator is optimized for speed, but with 15+ features running simultaneously, chart load time can add up. Here's how to keep it fast:
Biggest Performance Gains:
Disable Unused Timeframes: In "Time Frames" settings, turn OFF any timeframe you don't actively trade. Each disabled TF saves 10-15% calculation time. If you only day trade 5m, 15m, 1h, disable 1m, 2h, 4h.
Hide Bias Table on Daily+: If you only trade intraday, enable "Hide BIAS table on 1D or above". This skips ALL table calculations on higher timeframes.
Draw UT Visuals Only on Bar Close: Reduces intrabar rendering of SL/TP/Entry lines. Has ZERO impact on logic or alerts - purely visual optimization.
Additional Optimizations:
Turn off VWAP bands if you don't use them
Disable candlestick patterns if you don't trade them
Turn off Supertrend fill if you find it distracting (keep the line)
Reduce "Limit to 10 bars" for SL/TP lines to minimize line objects
Performance Features Built-In:
Smart Caching: Higher timeframe data (3-day bias, weekly bias, etc.) updates once per day, not every bar
Conditional Calculations: Volume filter only calculates when enabled. Swing filter only runs when enabled. Nothing computes if turned off.
Modular Design: Every component is independent. Turn off what you don't need without breaking other features.
Typical Load Times:
5m chart, all features ON, 7 timeframes: ~2-3 seconds
5m chart, core features only, 3 timeframes: ~1 second
1m chart, all features: ~4-5 seconds (many bars to calculate)
If loading takes longer, you likely have too many indicators on the chart total (not just this one).
---
10. FAQ
Q: Can I use this for automated trading?
A: The indicator is designed for discretionary trading. While it has clear signals and alerts, it's not a mechanical system. Context and judgment are required.
Q: Does it repaint?
A: No. All signals respect bar close. UT Bot logic runs intrabar but signals only trigger on confirmed bars. Alerts fire correctly with no lookahead.
Q: How is this different from standard UT Bot indicators?
A: Standard UT Bot is just the ATR trailing line and flip signals. This implementation adds:
Multiple confirmation filters (swing, %, 2-bar, ZLSMA)
Smart composite stop loss system
R-multiple take profit system with freeze-on-touch
Integration with multi-timeframe Bias Table
Visual audit trail with checkmarks
Q: Do I need to use all the features?
A: Absolutely not. The indicator is modular. Many profitable traders use just UT Bot + Bias Table + Moving Averages. Start simple, add complexity only if needed.
Q: How do I know which settings to use?
A: Every single input has a detailed tooltip. Hover over any setting to see:
What it does
How it affects trading
Typical values for scalping, day trading, swing trading
Start with defaults, adjust gradually based on results.
Q: Can I use this on crypto 24/7 markets?
A: Yes. ORB will not work (no defined session), but everything else functions normally. Use "Day" anchor for VWAP instead of "Session".
Q: The Bias Table is blank or not showing.
A: Check:
"Show Table" is ON
Table position isn't overlapping another indicator's table (change position)
At least one row is enabled
"Hide BIAS table on 1D or above" is OFF (if on Daily+ chart)
Q: Why are candlestick patterns not appearing?
A: Patterns are relatively rare by design - they only appear at genuine reversal points. Check:
Pattern toggles are ON
"Min candle body %" isn't too high (try 0.05-0.10)
You're looking at a chart with actual reversals (not strong trending market)
Q: UT Bot is too sensitive/not sensitive enough.
A: Adjust "Sensitivity (Key×ATR)". Lower number = tighter stop, more signals. Higher number = wider stop, fewer signals. Read the tooltip for guidance.
Q: Can I get alerts for the Bias Table?
A: The Bias Table is a dashboard for visual analysis, not a signal generator. Set alerts on UT Bot or Base signals, then manually check Bias Table for confirmation.
Q: Does this work on stocks with low volume?
A: Yes, but turn OFF the volume filter. Low volume stocks will never meet relative volume requirements.
Q: How often should I check the Bias Table?
A: Before every entry. It takes 2 seconds to glance at the AVG column and headline rows. This one check can save you from fighting the trend.
Q: What if UT signal and Base signal disagree?
A: UT Bot is more aggressive (ATR trailing). Base signals are more conservative (MA cross + filters). If they disagree, either:
Wait for both to align (safest)
Take the UT signal but with smaller size (aggressive)
Skip the trade (conservative)
There's no "right" answer - depends on your risk tolerance.
---
FINAL NOTES
The indicator gives you an edge. How you use that edge determines results.
For questions, feedback, or support, comment on the indicator page or message the author.
Happy Trading! 🎯
