IO_EMA_Delta_OscillatorThis is a EMA Delta Oscillator: An attempt to show ranging markets based on the slope of the EMA.
Green = Bullish Market
Blue = Ranging Market
Red = Bearish Market
The EMA Slope is normalized to make it work like an oscillator with values between 0 and 1.
Bar colors show the oscillator colors, bar borders show the actual candle colors.
- Invsto
(sarangab)
Cari skrip untuk "oscillator"
SB_Wavetrend_OscillatorA take on LazyBear's Wavetrend_Oscillator
The idea is bit modified.
Original Idea:
When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal.
Modified Idea:
Carrying the original idea, if the oscillator crosses the overbought band (red lines) and crosses down the signal (dotted line) twice without crossing the Oversold band (green lines) and crosses above the signal (dotted line), a buy or sell signal will take place when the oscillator crosses the dotted line and the value of oscillator is >0(if sell order is to be placed) and <0(if buy order is to be placed).
For the original idea you can refer to:
Let me know if any refinements could improve the oscillator.
Ultimate Bands [BigBeluga]Ultimate Bands
The Ultimate Bands indicator is an advanced technical analysis tool that combines elements of volatility bands, oscillators, and trend analysis. It provides traders with a comprehensive view of market conditions, including trend direction, momentum, and potential reversal points.
🔵 KEY FEATURES
● Ultimate Bands
Consists of an upper band, lower band, and a smooth middle line
Based on John Ehler's SuperSmoother algorithm for reduced lag
Bands are calculated using Root Mean Square Deviation (RMSD) for adaptive volatility measurement
Helps identify potential support and resistance levels
● Ultimate Oscillator
Derived from the price position relative to the Ultimate Bands
Oscillates between overbought and oversold levels
Provides insights into potential reversals and trend strength
● Trend Signal Line
Based on a Hull Moving Average (HMA) of the Ultimate Oscillator
Helps identify the overall trend direction
Color-coded for easy trend interpretation
● Heatmap Visualization
Displays the current state of the oscillator and trend signal
Provides an intuitive visual representation of market conditions
Shows overbought/oversold status and trend direction at a glance
● Breakout Signals
Optional feature to detect and display breakouts beyond the Ultimate Bands
Helps identify potential trend reversals or continuations
Visualized with arrows on the chart and color-coded candles
🔵 HOW TO USE
● Trend Identification
Use the color and position of the Trend Signal Line to determine the overall market trend
Refer to the heatmap for a quick visual confirmation of trend direction
● Entry Signals
Look for price touches or breaks of the Ultimate Bands for potential entry points
Use oscillator extremes in conjunction with band touches for stronger signals
Consider breakout signals (if enabled) for trend-following entries
● Exit Signals
Use opposite band touches or breakouts as potential exit points
Monitor the oscillator for divergences or extreme readings as exit signals
● Overbought/Oversold Analysis
Use the Ultimate Oscillator and heatmap to identify overbought/oversold conditions
Look for potential reversals when the oscillator reaches extreme levels
● Confirmation
Combine Ultimate Bands, Oscillator, and Trend Signal for stronger trade confirmation
Use the heatmap for quick visual confirmation of market conditions
🔵 CUSTOMIZATION
The Ultimate Bands indicator offers several customization options:
Adjust the main calculation length for bands and oscillator
Modify the number of standard deviations for band calculation
Change the signal line length for trend analysis
Toggle the display of breakout signals and candle coloring
By fine-tuning these settings, traders can adapt the Ultimate Bands indicator to various market conditions and personal trading strategies.
The Ultimate Bands indicator provides a multi-faceted approach to market analysis, combining volatility-based bands, oscillator analysis, and trend identification in one comprehensive tool. Its adaptive nature and visual cues make it suitable for both novice and experienced traders across various timeframes and markets. The integration of multiple analytical elements offers traders a rich set of data points to inform their trading decisions.
Squeeze Momentum DeluxeThe Squeeze Momentum Deluxe is a comprehensive trading toolkit built with features of momentum, volatility, and price action. This script offers a suite for both mean reversion and trend-following analysis. Developed based on the original TTM Squeeze implementation by @LazyBear, this indicator introduces several innovative components to enhance your trading insights.
🔲 Components and Features
Momentum Oscillator - as rooted in the TTM Squeeze, quantifies the relationship between price and its extremes over a defined period. By normalizing the calculation, the values become comparable throughout time and across securities, allowing for a nuanced assessment of Bullish and Bearish momentum. Furthermore, by presenting it as a ribbon with a signal line we gain additional information about the direction of price swings.
Squeeze Bars - The original squeeze concept is based on the relationship between the Bollinger Bands and Keltner Channel , once the BB resides inside the KC a squeeze occurs. By understanding their fundamentals a new form of calculation can be inferred.
method bb(float src, simple int len, simple float mult) => method kc(float src, simple int len, simple float mult) =>
float basis = ta.sma (src, len) float basis = ta.sma (src, len)
float dev = ta.stdev(src, len) float rng = ta.atr ( len)
float upper = basis + dev * mult float upper = basis + rng * mult
float lower = basis - dev * mult float lower = basis - rng * mult
Both BB and KC are constructed upon a moving average with the addition of Standard Deviation and Average True Range respectively. Therefore, the calculation can be transformed to when the Stdev is lower than the ATR a squeeze occurs.
method sqz(float src, simple int len) =>
float dev = ta.stdev(src, len)
float atr = ta.atr ( len)
dev < atr ? true : false
This indicator uses three different thresholds for the ATR to gain three levels of price "Squeeze" for further analysis.
Directional Flux- This component measures the overall direction of price volatility, offering insights into trend sentiment. Presented as waves in the background, it includes an OverFlux feature to signal extreme market bias in a particular direction which can signal either exhaustion or vital continuation. Additionally, the user can choose if to base the calculation on Heikin-Ashi Candles to bias the tool toward trend assessment.
Confluence Gauges - Placed at the top and bottom of the indicator, these gauges measure confluence in the relationship between the Momentum Oscillator and Directional Flux. They provide traders with an easily interpretable visual aid for detecting market sentiment. Reversal doritos displayed alongside them contribute to mean reversion analysis.
Divergences (Real-Time) - Equipped with a custom algorithm, the indicator detects real-time divergences between price and the oscillator. This dynamic feature enhances your ability to spot potential trend reversals as they occur.
🔲 Settings
Directional Flux Length - Adjusts the period of which the background volatility waves operate on.
Trend Bias - Bases the calculation of the Flux to HA candles to bias its behavior toward the trend of price action.
Squeeze Momentum Length - Calibrates the length of the main oscillator ribbon as well as the period for the squeeze algorithm.
Signal - Controls the width of the ribbon. Lower values result in faster responsiveness at the cost of premature positives.
Divergence Sensitivity - Adjusts a threshold to limit the amount of divergences detected based on strength. Higher values result in less detections, stronger structure.
🔲 Alerts
Sell Signal
Buy Signal
Bullish Momentum
Bearish Momentum
Bullish Flux
Bearish Flux
Bullish Swing
Bearish Swing
Strong Bull Gauge
Strong Bear Gauge
Weak Bull Gauge
Weak Bear Gauge
High Squeeze
Normal Squeeze
Low Squeeze
Bullish Divergence
Bearish Divergence
As well as the option to trigger 'any alert' call.
The Squeeze Momentum Deluxe is a comprehensive tool that goes beyond traditional momentum indicators, offering a rich set of features to elevate your trading strategy. I recommend using toolkit alongside other indicators to have a wide variety of confluence to therefore gain higher probabilistic and better informed decisions.
Blockunity Drawdown Visualizer (BDV)Monitor the drawdown (value of the drop between the highest and lowest points) of assets and act accordingly to reduce your risk.
Introducing BDV, the incredibly intuitive metric that visualizes asset drawdowns in the most visually appealing manner. With its color gradient display, BDV allows you to instantly grasp the state of retracement from the asset’s highest price level. But that’s not all – you have the option to display the oscillator’s colorization directly on your chart, enhancing your analysis even further.
The Idea
The goal is to provide the community with the best and most complete tool for visualizing the Drawdown of any asset.
How to Use
Very simple to use, the indicator takes the form of an oscillator, with colors ranging from red to green depending on the Drawdown level. A table summarizes several key data points.
Elements
On the oscillator, you'll find a line with a color gradient showing the asset's Drawdown. The flatter line represents the Max Drawdown (the lowest value reached).
In addition, the table summarizes several data:
The asset's All Time High (ATH).
Current Drawdown.
The Max Drawdown that has been reached.
Settings
First of all, you can activate a "Bar Color" in the settings (You must also uncheck "Borders" and "Wick" in your Chart Settings):
You can display Fibonacci levels on the oscillator. You'll see that levels can be relevant to drawdown. The color of the levels is also configurable.
In the calculation parameters, you can first choose between taking the High of the candles or the Close. By default this is Close, but if you change the parameter to High, the indication next to ATH in the table will change, and you'll see that the values in the table will be affected.
The second calculation parameter (Start Date) lets you modify the effective start date of the ATH, which will affect the drawdown level. Here's an example:
How it Works
First, we calculate the ATH:
var bdv_top = bdv_source
bdv_top := na(bdv_top ) ? bdv_source : math.max(bdv_source, bdv_top )
Then the drawdown is calculated as follows:
bdv = ((bdv_source / bdv_top) * 100) - 100
Then the max drawdown :
bdv_max = bdv
bdv_max := na(bdv_max ) ? bdv : math.min(bdv, bdv_max )
Athena Momentum Squeeze - Short, Lean, and Mean This is a very profitable strategy focusing on 15 minute intervals on the Micro Nasdaq Futures contracts. CME_MINI:MNQH2023
As this contract only keeps positions for on average about an hour risk is managed. At a profit factor of 3.382 with a max drawdown of $123 from January 1st to February 15. Looking back to Dec 2019 still maintains a profit factor of 1.3.
See backtesting: www.screencast.com
2019 backtesting: www.screencast.com
Based on the classic Lazy Bear Oscillator Squeeze with a number of modifications from ADX, MAs and adding fibonacci levels.
We like keeping strategies simple yet powerful, no completely where you can't understand your own trades.
Our team is always modifying and improving the strategy. Always open to collaborating on improving as there is no perfect strategy. www.screencast.com
MFI + Realtime DivergencesMoney Flow Index (MFI) + Realtime Divergences + Alerts
This version of the MFI indicator adds the following 5 additional features to the stock MFI:
- Optional divergence lines drawn directly onto the oscillator in realtime.
- Configurable alerts to notify you when divergences occur.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes, including the ability to enable automatic adjustment of pivot period per chart timeframe.
- Background colouring option to indicate when the MFI oscillator has crossed above or below its centerline, or optionally when both the MFI has crossed its centerline and an external oscillator, which can be linked via the settings, has also crossed its centerline.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
This indicator adds additional features onto the standard MFI , whose core calculations remain unchanged. Namely the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur in realtime. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the TSI comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches.
What is the Money Flow Index ( MFI )?
Investopedia describes the True Strength Indicator as follows:
“The Money Flow Index ( MFI ) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100.
Unlike conventional oscillators such as the Relative Strength Index ( RSI ), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI .”
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable pivot periods.
You can adjust the default pivot periods to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Disclaimer: This script includes code from the stock MFI by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
Relative Aggregate Strength OscillatorCredits to
@wolneyyy - "Mean Deviation Detector - Throw Out All Other Indicators"
And
@algomojo - "Responsive Coppock Curve"
And the default Relative Strength Index
The candles are the average of the MFI ,CCI ,MOM and RSI values presented as candles, they seemed similar enough in style to me so I created candles out of each and the took the sum of all the candle's OHLC values and divided by 4 to get an average.
In the Background we have @wolneyyy's - "Mean Deviation Detector - Throw Out All Other Indicators" in blue
along with @algomojo's - "Responsive Coppock Curve" in red and green.
Indicators Combination Framework v3 IND [DTU]Hello All,
This script is a framework to analyze and see the results by combine selected indicators for (long, short, longexit, shortexit) conditions.
I was designed this for beginners and users to facilitate to see effects of the technical indicators combinations on the chart WITH NO CODE
You can improve your strategies according the results of this system by connecting the framework to a strategy framework/template such as Pinecoder, Benson, daveatt or custom.
This is enhanced version of my previous indicator "Indicators & Conditions Test Framework "
Currently there are 93 indicators (23 newly added) connected over library. You can also import an External Indicator or add Custom indicator (In the source)
It is possible to change it from Indicator to strategy (simple one) by just remarking strategy parts in the source code and see real time profit of your combinations
Feel free to change or use it in your source
Special thanks goes to Pine wizards: Trading view (built-in Indicators), @Rodrigo, @midtownsk8rguy, @Lazybear, @Daveatt and others for their open source codes and contributions
SIMPLE USAGE
1. SETTING: Show Alerts= True (To see your entries and Exists)
2. Define your Indicators (ex: INDICATOR1: ema(close,14), INDICATOR2: ema(close,21), INDICATOR3: ema(close,200)
3. Define Your Combinations for long & Short Conditions
a. For Long: (INDICATOR1 crossover INDICATOR2) AND (INDICATOR3 < close)
b. For Short: (INDICATOR1 crossunder INDICATOR2) AND (INDICATOR3 > close)
4. Select Strategy/template (Import strategy to chart) that you export your signals from the list
5. Analyze the best profit by changing Indicators values
SOME INDICATORS DETAILS
Each Indicator includes:
- Factorization : Converting the selected indicator to Double, triple Quadruple such as EMA to DEMA, TEMA QEMA
- Log : Simple or log10 can be used for calculation on function entries
- Plot Type : You can overlay the indicator on the chart (such ema) or you can use stochastic/Percentrank approach to display in the variable hlines range
- Extended Parametes : You can use default parameters or you can use extended (P1,P2) parameters regarding to indicator type and your choice
- Color : You can define indicator color and line properties
- Smooth : you can enable swma smooth
- indicators : you can select one of the 93 function like ema(),rsi().. to define your indicator
- Source : you can select from already defined indicators (IND1-4), External Indicator (EXT), Custom Indicator (CUST), and other sources (close, open...)
CONDITION DETAILS
- There are are 4 type of conditions, long entry, short entry, long exit, short exit.
- Each condition are built up from 4 combinations that joined with "AND" & "OR" operators
- You can see the results by enabling show alerts check box
- If you only wants to enter long entry and long exit, just fill these conditions
- If "close on opposite" checkbox selected on settings, long entry will be closed on short entry and vice versa
COMBINATIONS DETAILS
- There are 4 combinations that joined with "AND" & "OR" operators for each condition
- combinations are built up from compare 1st entry with 2nd one by using operator
- 1st and 2nd entries includes already defined indicators (IND1-5), External Indicator (EXT), Custom Indicator (CUST), and other sources (close, open...)
- Operators are comparison values such as >,<, crossover,...
- 2nd entry include "VALUE" parameter that will use to compare 1st indicator with value area
- If 2nd indicator selected different than "VALUE", value are will mean previous value of the selection. (ex: value area= 2, 2nd entry=close, means close )
- Selecting "NONE" for the 1st entry will disable calculation of current and following combinations
JOINS DETAILS
- Each combination will join wiht the following one with the JOIN (AND, OR) operator (if the following one is not equal "NONE")
CUSTOM INDICATOR
- Custom Indicator defines harcoded in the source code.
- You can call it with "CUST" in the Indicator definition source or combination entries source
- You can change or implement your custom indicator by updating the source code
EXTERNAL INDICATOR
- You can import an external indicator by selecting it from the ext source.
- External Indicator should be already imported to the chart and it have an plot function to output its signal
EXPORTING SIGNAL
- You can export your result to an already defined strategy template such as Pine coders, Benson, Daveatt Strategy templates
- Or you can define your custom export for other future strategy templates
ALERTS
- By enabling show alerts checkbox, you can see long entry exits on the bottom, and short entry exits aon the top of the chart
ADDITIONAL INFO
- You can see all off the inputs descriptions in the tooltips. (You can also see the previous version for details)
- Availability to set start, end dates
- Minimize repainting by using security function options (Secure, Semi Secure, Repaint)
- Availability of use timeframes
-
Version 3 INDICATORS LIST (More to be added):
▼▼▼ OVERLAY INDICATORS ▼▼▼
alma(src,len,offset=0.85,sigma=6).-------Arnaud Legoux Moving Average
ama(src,len,fast=14,slow=100).-----------Adjusted Moving Average
accdist().-------------------------------Accumulation/distribution index.
cma(src,len).----------------------------Corrective Moving average
dema(src,len).---------------------------Double EMA (Same as EMA with 2 factor)
ema(src,len).----------------------------Exponential Moving Average
gmma(src,len).---------------------------Geometric Mean Moving Average
highest(src,len).------------------------Highest value for a given number of bars back.
hl2ma(src,len).--------------------------higest lowest moving average
hma(src,len).----------------------------Hull Moving Average.
lagAdapt(src,len,perclen=5,fperc=50).----Ehlers Adaptive Laguerre filter
lagAdaptV(src,len,perclen=5,fperc=50).---Ehlers Adaptive Laguerre filter variation
laguerre(src,len).-----------------------Ehlers Laguerre filter
lesrcp(src,len).-------------------------lowest exponential esrcpanding moving line
lexp(src,len).---------------------------lowest exponential expanding moving line
linreg(src,len,loffset=1).---------------Linear regression
lowest(src,len).-------------------------Lovest value for a given number of bars back.
mcginley(src, len.-----------------------McGinley Dynamic adjusts for market speed shifts, which sets it apart from other moving averages, in addition to providing clear moving average lines
percntl(src,len).------------------------percentile nearest rank. Calculates percentile using method of Nearest Rank.
percntli(src,len).-----------------------percentile linear interpolation. Calculates percentile using method of linear interpolation between the two nearest ranks.
previous(src,len).-----------------------Previous n (len) value of the source
pivothigh(src,BarsLeft=len,BarsRight=2).-Previous pivot high. src=src, BarsLeft=len, BarsRight=p1=2
pivotlow(src,BarsLeft=len,BarsRight=2).--Previous pivot low. src=src, BarsLeft=len, BarsRight=p1=2
rema(src,len).---------------------------Range EMA (REMA)
rma(src,len).----------------------------Moving average used in RSI. It is the exponentially weighted moving average with alpha = 1 / length.
sar(start=len, inc=0.02, max=0.02).------Parabolic SAR (parabolic stop and reverse) is a method to find potential reversals in the market price direction of traded goods.start=len, inc=p1, max=p2. ex: sar(0.02, 0.02, 0.02)
sma(src,len).----------------------------Smoothed Moving Average
smma(src,len).---------------------------Smoothed Moving Average
super2(src,len).-------------------------Ehlers super smoother, 2 pole
super3(src,len).-------------------------Ehlers super smoother, 3 pole
supertrend(src,len,period=3).------------Supertrend indicator
swma(src,len).---------------------------Sine-Weighted Moving Average
tema(src,len).---------------------------Triple EMA (Same as EMA with 3 factor)
tma(src,len).----------------------------Triangular Moving Average
vida(src,len).---------------------------Variable Index Dynamic Average
vwma(src,len).---------------------------Volume Weigted Moving Average
volstop(src,len,atrfactor=2).------------Volatility Stop is a technical indicator that is used by traders to help place effective stop-losses. atrfactor=p1
wma(src,len).----------------------------Weigted Moving Average
vwap(src_).------------------------------Volume Weighted Average Price (VWAP) is used to measure the average price weighted by volume
▼▼▼ NON OVERLAY INDICATORS ▼▼
adx(dilen=len, adxlen=14, adxtype=0).----adx. The Average Directional Index (ADX) is a used to determine the strength of a trend. len=>dilen, p1=adxlen (default=14), p2=adxtype 0:ADX, 1:+DI, 2:-DI (def:0)
angle(src,len).--------------------------angle of the series (Use its Input as another indicator output)
aroon(len,dir=0).------------------------aroon indicator. Aroons major function is to identify new trends as they happen.p1 = dir: 0=mid (default), 1=upper, 2=lower
atr(src,len).----------------------------average true range. RMA of true range.
awesome(fast=len=5,slow=34,type=0).------Awesome Oscilator is an indicator used to measure market momentum. defaults : fast=len= 5, p1=slow=34, p2=type: 0=Awesome, 1=difference
bbr(src,len,mult=1).---------------------bollinger %%
bbw(src,len,mult=2).---------------------Bollinger Bands Width. The Bollinger Band Width is the difference between the upper and the lower Bollinger Bands divided by the middle band.
cci(src,len).----------------------------commodity channel index
cctbbo(src,len).-------------------------CCT Bollinger Band Oscilator
change(src,len).-------------------------A.K.A. Momentum. Difference between current value and previous, source - source . is most commonly referred to as a rate and measures the acceleration of the price and/or volume of a security
cmf(len=20).-----------------------------Chaikin Money Flow Indicator used to measure Money Flow Volume over a set period of time. Default use is len=20
cmo(src,len).----------------------------Chande Momentum Oscillator. Calculates the difference between the sum of recent gains and the sum of recent losses and then divides the result by the sum of all price movement over the same period.
cog(src,len).----------------------------The cog (center of gravity) is an indicator based on statistics and the Fibonacci golden ratio.
copcurve(src,len).-----------------------Coppock Curve. was originally developed by Edwin Sedge Coppock (Barrons Magazine, October 1962).
correl(src,len).-------------------------Correlation coefficient. Describes the degree to which two series tend to deviate from their ta.sma values.
count(src,len).--------------------------green avg - red avg
cti(src,len).----------------------------Ehler s Correlation Trend Indicator by
dev(src,len).----------------------------ta.dev() Measure of difference between the series and its ta.sma
dpo(len).--------------------------------Detrended Price OScilator is used to remove trend from price.
efi(len).--------------------------------Elders Force Index (EFI) measures the power behind a price movement using price and volume.
eom(len=14,div=10000).-------------------Ease of Movement.It is designed to measure the relationship between price and volume.p1 = div: 10000= (default)
falling(src,len).------------------------ta.falling() Test if the `source` series is now falling for `length` bars long. (Use its Input as another indicator output)
fisher(len).-----------------------------Fisher Transform is a technical indicator that converts price to Gaussian normal distribution and signals when prices move significantly by referencing recent price data
histvol(len).----------------------------Historical volatility is a statistical measure used to analyze the general dispersion of security or market index returns for a specified period of time.
kcr(src,len,mult=2).---------------------Keltner Channels Range
kcw(src,len,mult=2).---------------------ta.kcw(). Keltner Channels Width. The Keltner Channels Width is the difference between the upper and the lower Keltner Channels divided by the middle channel.
klinger(type=len).-----------------------Klinger oscillator aims to identify money flow’s long-term trend. type=len: 0:Oscilator 1:signal
macd(src,len).---------------------------MACD (Moving Average Convergence/Divergence)
mfi(src,len).----------------------------Money Flow Index s a tool used for measuring buying and selling pressure
msi(len=10).-----------------------------Mass Index (def=10) is used to examine the differences between high and low stock prices over a specific period of time
nvi().-----------------------------------Negative Volume Index
obv().-----------------------------------On Balance Volume
pvi().-----------------------------------Positive Volume Index
pvt().-----------------------------------Price Volume Trend
ranges(src,upper=len, lower=-5).---------ranges of the source. src=src, upper=len, v1:lower=upper . returns: -1 source=upper otherwise 0
rising(src,len).-------------------------ta.rising() Test if the `source` series is now rising for `length` bars long. (Use its Input as another indicator output)
roc(src,len).----------------------------Rate of Change
rsi(src,len).----------------------------Relative strength Index
rvi(src,len).----------------------------The Relative Volatility Index (RVI) is calculated much like the RSI, although it uses high and low price standard deviation instead of the RSI’s method of absolute change in price.
smi_osc(src,len,fast=5, slow=34).--------smi Oscillator
smi_sig(src,len,fast=5, slow=34).--------smi Signal
stc(src,len,fast=23,slow=50).------------Schaff Trend Cycle (STC) detects up and down trends long before the MACD. Code imported from
stdev(src,len).--------------------------Standart deviation
trix(src,len) .--------------------------the rate of change of a triple exponentially smoothed moving average.
tsi(src,len).----------------------------The True Strength Index indicator is a momentum oscillator designed to detect, confirm or visualize the strength of a trend.
ultimateOsc(len.-------------------------Ultimate Oscillator indicator (UO) indicator is a technical analysis tool used to measure momentum across three varying timeframes
variance(src,len).-----------------------ta.variance(). Variance is the expectation of the squared deviation of a series from its mean (ta.sma), and it informally measures how far a set of numbers are spread out from their mean.
willprc(src,len).------------------------Williams %R
wad().-----------------------------------Williams Accumulation/Distribution.
wvad().----------------------------------Williams Variable Accumulation/Distribution.
HISTORY
v3.01
ADD: 23 new indicators added to indicators list from the library. Current Total number of Indicators are 93. (to be continued to adding)
ADD: 2 more Parameters (P1,P2) for indicator calculation added. Par:(Use Defaults) uses only indicator(Source, Length) with library's default parameters. Par:(Use Extra Parameters P1,P2) use indicator(Source,Length,p1,p2) with additional parameters if indicator needs.
ADD: log calculation (simple, log10) option added on indicator function entries
ADD: New Output Signals added for compatibility on exporting condition signals to different Strategy templates.
ADD: Alerts Added according to conditions results
UPD: Indicator source inputs now display with indicators descriptions
UPD: Most off the source code rearranged and some functions moved to the new library. Now system work like a little bit frontend/backend
UPD: Performance improvement made on factorization and other source code
UPD: Input GUI rearranged
UPD: Tooltips corrected
REM: Extended indicators removed
UPD: IND1-IND4 added to indicator data source. Now it is possible to create new indicators with the previously defined indicators value. ex: IND1=ema(close,14) and IND2=rsi(IND1,20) means IND2=rsi(ema(close,14),20)
UPD: Custom Indicator (CUST) added to indicator data source and Combination Indicator source.
UPD: Volume added to indicator data source and Combination Indicator source.
REM: Custom indicators removed and only one custom indicator left
REM: Plot Type "Org. Range (-1,1)" removed
UPD: angle, rising, falling type operators moved to indicator library
Divergence-Support/Resistance - Widget [HeWhoMustNotBeNamed]Unique live widget which provides information about support and resistance along with distance to immediate levels.
⬜ Custom Candle Source
Three options of candles available
▶ Regular OHLC candles
▶ Heikin-Ashi candles ( Taken leaf out of @Bjorgum's book - but, still could not do it as good as him :) )
▶ Moving average candles
⬜ Multiple zigzags and choice of oscillator
Like any other zigzag based indicator, I prefer using 4 zigzag levels.
And select oscillator of your choice to identify divergence. Oscillator lengths are automatically calculated based on zigzag lengths. You can also chose external oscillator.
⬜ Support and resistance widget settings
▶ Max S/R per zigzag - this is the number of last S/R levels recorded for each zigzag
▶ Max S/R for stats - even though there can be many number of S/R levels, we cannot show all of them in the widget due to space constraint. Hence, this is set to minimal value of 3. Can be changed via this input.
▶ Max S/R for Alerts - When sending stats through alerts, users can decide how many immediate S/R levels to be sent in them.
▶ Alert Choices - Can chose to get alerts when new S/R levels formed and also when existing S/R levels broken.
Personally think it is a very handy widget to have!!
EXAMPLES:enhanced_taThis script is created to demonstrate usage of enhanced ta library which is present here :
Following custom indicators are populated in this script:
ma (Select moving average)
atr/atrpercent (With custom moving average)
bands - Bollinger Band, Keltner Channel, Donchian Channel (All with enhanced versions and additional options)
bandwidth - Bandwidth for the bands available. Uses same input as that of bands
bandpercent - Percentage in relation to band upper and lower levels. Uses same input as that of bands.
oscillator (oscillatorRange) - Generating custom overbought oversold regions.
Display Options
Display individual indicator by selecting them through dropdown. If you select all, we also look at overlay and non-overlay parameters to show/hide only those indicators which are applicable on candle overlay or as separate window.
Oscilator CandlesBased on the response received on Bollinger %B candles, thought it would be nice to get the same on oscillators.
Use cases include applying atr based indicators or any indicators which utilizes - high, low, open close on oscillator values. Example : supertrend
Note: length values are reused by different oscillator types based on input requirements.
L1 Multidimensional KDJLevel: 1
Background
The KDJ oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the Stochastic Oscillator, oversold and overbought levels correspond to the times when the trend is likely to reverse.
Function
L1 Multidimensional KDJ utilizes multiple KDJ modeling across multiple time frames. In this instance, it covers three time frames as day, week and month. Although it is named like that, one can deduce and use it in small time frames e.g. 15mins (day), 60mins (week) and 4H (month) because KDJ oscillator is commonly used for small time frames across various markets.
Key Signal
kd --> day K value
kw --> week K value
km --> month K value
dd --> day D value
dw --> week D value
dm --> month D value
divergence --> divergence among day, week, month D values
resonance --> all three time frame D values are in the same direction
Pros and Cons
Pros:
1. Enable multidimensional KDJ,especially D value comparisons
2. divergence and resoanance among different time frame KDJ can be disclosed
Cons:
1. It may satruate for extreme conditions of long and short.
2. Not accurate for long and short entries by resonance effect.
Remarks
Bring about multiple time frames into consideration of KDJ is novel.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Recursive RsiIntroduction
I have already posted a classic indicator using recursion, it was the stochastic oscillator and recursion helped to get a more predictive and smooth result. Here i will do the same thing with the rsi oscillator but with a different approach. As reminder when using recursion you just use a fraction of the output of a function as input of the same function, i say a fraction because if you feedback the entire output you will just have a periodic function, this is why you average the output with the input.
The Indicator
The indicator will use 50% of the output and 50% of the input, remember that when using feedback always rescale your input, else the effect might be different depending on the market you are in. You can interpret the indicator like a normal rsi except if you plan to use the 80/20 level, depending on length the scale might change, if you need a fixed scale you can always rescale b by using an rsi or stochastic oscillator.
Conclusion
I have presented an rsi oscillator using a different type of recursion structure than the recursive stochastic i posted in the past, the result might be more predictive than the original rsi. Hope you like it and thanks for reading !
Need HELP coding this SCRIPT. Thanks Can anyone help me colour code the oscillator and also an overlay on the chart mirroring the oscillator.
If the Oscillator closes above -90 / below - 10 Turns white & Also the Candlestick
If the Oscillator then closes between the -30/-70 within only the next bar to turn BLUE within the Oscillator/ Candlestick!
Thanks it's pretty basic but new to coding!!
Money Flow | Lyro RSMoney Flow | Lyro RS
The Money Flow is a momentum and volume-driven oscillator designed to highlight market strength, exhaustion, and potential reversal points. By combining smoothed Money Flow Index readings with volatility, momentum, and RVI-based logic, it offers traders a deeper perspective on money inflow/outflow, divergences, and overbought/oversold dynamics.
Key Features
Smoothed Money Flow Line
EMA-smoothed calculation of the MFI for noise reduction.
Clear thresholds for overbought and oversold zones.
Normalized Histogram
Histogram plots show bullish/bearish money flow pressure.
Color-coded cross logic for quick trend assessment.
Relative Volatility Index (RVI) Signals
Detects overbought and oversold conditions using volatility-adjusted RVI.
Plots ▲ and ▼ markers at exhaustion points.
Momentum Strength Gauge
Calculates normalized momentum strength from ROC and volume activity.
Displays percentage scale of current momentum force.
Divergence Detection
Bullish divergence: Price makes lower lows while money flow makes higher lows.
Bearish divergence: Price makes higher highs while money flow makes lower highs.
Plotted as diamond markers on the oscillator.
Signal Dashboard (Table Overlay)
Displays real-time status of Money Flow signals, volatility, and momentum.
Color-coded readouts for instant clarity (Long/Short/Neutral + Momentum Bias).
How It Works
Money Flow Calculation – Applies EMA smoothing to MFI values.
Normalization – Scales oscillator between relative high/low values.
Trend & Signals – Generates bullish/bearish signals based on midline and histogram cross logic.
RVI Integration – Confirms momentum exhaustion with overbought/oversold markers.
Divergences – Identifies hidden market imbalances between price and money flow.
Practical Use
Trend Confirmation – Use midline crossovers with histogram direction for money flow bias.
Overbought/Oversold Reversals – Watch RVI ▲/▼ markers for exhaustion setups.
Momentum Tracking – Monitor momentum percentage to gauge strength of current trend.
Divergence Alerts – Spot early reversal opportunities when money flow diverges from price action.
Customization
Adjust length, smoothing, and thresholds for different markets.
Enable/disable divergence detection as needed.
Personalize visuals and dashboard display for cleaner charts.
⚠️ Disclaimer
This indicator is a tool for technical analysis and does not provide guaranteed results. It should be used alongside other methods and proper risk management. The creator is not responsible for financial decisions made using this script.
Confluence StackPlease read the instructions below. The code was mostly written using AI so may contain errors. Happy trading all and good luck. ATB Richard
INTENDED USE
This indicator is designed for technical traders who want to move beyond simple buy/sell signals and gain a deeper understanding of the underlying market dynamics. It is ideal for trend followers, swing traders, and anyone looking to confirm the quality of a trend.
WHO IS THIS FOR?
Traders who want to differentiate between strong, sustainable trends and weak, unreliable moves.
Analysts looking to identify high-conviction setups backed by multiple factors (e.g., momentum confirmed by volume).
Discretionary traders who need a quick, visual tool to gauge market sentiment and avoid choppy conditions.
WHY USE IT?
Traditional indicators often give conflicting signals. The Confluence Stack solves this by aggregating multiple perspectives into one clear visual. It helps you answer not just "Is the market going up?" but "WHY is it going up, and how strong is the conviction?". This allows for more informed decision-making and helps filter out low-probability trades.
DISCLAIMER AND LICENSE
This script is for educational purposes only and is not a recommendation to buy or sell any financial instrument. All trading and investment decisions are the sole responsibility of the user. Trading involves significant risk.
This source code is subject to the terms of the Mozilla Public License 2.0 at www.mozilla.org
HOW TO USE THIS INDICATOR
This indicator is designed to show the 'character' of a market move by grouping signals into distinct categories. Instead of seeing many individual signals, you see the strength of the underlying forces driving the price.
1. READ THE HEIGHT (Strength of Confluence)
The total height of the stack shows the strength of agreement. A tall stack means many signals are aligned, indicating a high-conviction move. A short stack means weak agreement and a choppy, indecisive market.
2. READ THE COLOR (Character of the Move)
The colors tell you WHY the market is moving.
BLUE (Momentum): A stack of mostly blue shades indicates a trend driven by pure momentum. This is the 'speed' of the market.
RSI (Relative Strength Index): Measures the magnitude of recent price gains versus losses. A smooth measure of trend strength.
Stochastic Oscillator: Measures the current closing price's position within the recent high-low range. More sensitive to immediate price action.
CCI (Commodity Channel Index): Measures the price's deviation from its moving average. Excels at identifying cyclical turns.
MACD (Moving Average Convergence Divergence): A trend-following momentum indicator showing the relationship between two moving averages. Excellent for identifying the start and end of trends.
YELLOW (Volume): The appearance of yellow shades confirms the move is supported by high market participation. This is the 'fuel' for the trend.
Volume Ratio: A custom signal that triggers when buy or sell volume is unusually high compared to its recent average.
CRV (Candle Range Volume): A custom signal that looks for candles with significant price range and volume.
OBV (On-Balance Volume): A cumulative indicator that adds volume on up days and subtracts it on down days. It shows the long-term flow of money.
FUCHSIA (Volatility): A fuchsia block signals a volatility breakout. This adds a sense of urgency and confirms the price is moving with exceptional force.
Bollinger Bands: A signal triggers when the price closes outside of the upper or lower standard deviation bands.
ORANGE (Price Action): An orange block is a pure price structure signal. It's a raw statement of intent from the market.
Price Gap: A signal that triggers when there's a gap up or gap down between candles.
3. READ THE TRANSITION (Shift in Sentiment)
The most important signal from the stacks is the flip from one side of the zero line to the other.
Flipping from Negative to Positive: A bearish stack disappears and is replaced by a bullish stack. This indicates market sentiment is shifting from bearish to bullish.
Flipping from Positive to Negative: A bullish stack disappears and is replaced by a bearish stack. This warns of a potential top or the start of a new downtrend.
4. FILTER FOR NOISE (Plot Threshold)
In choppy markets, the stack can flicker with low signal counts (e.g., +1 or -1). To focus only on high-conviction moves, go to the indicator settings and increase the "Plot Threshold". A setting of 2 or 3 will hide all stacks that don't have at least 2 or 3 agreeing signals, effectively filtering out market noise and keeping your chart clean.
5. CUSTOMIZE YOUR SIGNALS (Enable/Disable)
This indicator is fully customizable. In the settings, you can enable or disable each of the 9 indicators individually. For example, if you are a pure momentum trader, you could disable all Volume, Volatility, and Price Action signals to focus only on the blue stacks. Tailor it to fit your specific trading style.
EXAMPLE INTERPRETATIONS
Strong, Confirmed Trend: A tall stack of mostly blue (Momentum) and yellow (Volume) indicates a high-quality trend backed by both speed and market participation.
Momentum-Only Trend: A tall stack of only blue is a strong momentum move, but the lack of yellow (Volume) is a warning that the move may lack the "fuel" to be sustained.
Choppy/Indecisive Market: A short, mixed-color stack flickering around the zero line means the market is choppy with no clear conviction. It's often best to stay out.
Volatility Breakout: A new stack that appears suddenly with a fuchsia (Bollinger Bands) block on its first bar suggests a volatility-driven breakout is initiating.
Exhaustion Move: An orange (Price Gap) block appearing at the peak of a tall, long-standing stack can signal an exhaustion gap, potentially marking the end of the trend.
Weakening Conviction (Divergence): If price makes a new high but the positive stack is visibly shorter than the stack at the previous price high, it suggests underlying conviction is weakening.
TZanalyserTZanalyser (Trend Zone Monitor With Trend Strength, Volume Focus And -Events Markers)
Before I used TrendZones to manage my portfolio I used Fibonacci Zone Oscillator as my favorite in the sub panel, accompanied with another subpanel indicator which I never published called IncliValue and also REVE Cohorts.
TZanalyser inherits Ideas and code from all three of them: The visual and the idea of using a channel as the basis for an oscillator depicted as a histogram, is taken from the FibZone Oscillator. The idea of providing a number to evaluate the trend is taken from IncliValue. The idea to create a horizontal line which indicates high and low volume focus completed with markers for volume events, is taken from REVE-cohorts.
These ideas are combined in one sleek visual called TZanalyser. TZ stand for TrendZones, because the histogram is based on it.
The histogram.
Depicted is the distance of the price from COG as percent. The distance between Upper Curve and Lower Curve is used as 100%. The values may reach between 300 and -300. The colors indicate in which zone the candle lives, blue in the blue zone, green in the green zone etc. Despite the absence of a gray zone, there are gray bars. These depict candles that wrap around COG. Because hl2 is used as price, some gray bars point up and others down. The orange and red bars point down because the orange and red downtrend zones are below COG.
Use of the histogram.
Sometimes I need to create a list of stocks which are in uptrend in monthly, weekly and daily charts from the stocks I follow in my universe. This job is done fast and easy by looking at the last bar of the histogram. The histogram also gives a quick evaluation of how the stock fared in the past.
The number.
Suppose I need to allocate some money to another stock, selected a few, looked into news and gurus and they look equally good. Then it is nice to be able to find out which has the best charts. Which one has the strongest uptrend. For this purpose this number can be consulted, because it indicates somehow the strength of the trend. It is an integer between 20 and -20, the closer to 20 the stronger the uptrend, closer to -20 indicates a stronger downtrend. The color of the background is the same as the last column of the histogram.
Volume focus and events
The horizontal lines depict volume focus, the line below the focus that comes with the uptrend columns pointing up, the one above the focus for the downtrend columns pointing down. Thes line have tree colors: maroon for high volume focus, green for normal volume and gray for low volume situations. Between the lines and the histogram triangles appear at volume events, a green triangle when the candle comes with high volume, i.e. 120-200 percent of normal, maroon when extreme volume, i.e. more than 200 percent of normal.
The direction of these triangles is that of the histogram, i.e. when the price is higher, direction is up and vice versa.
Take care and have fun.
Volumetric Expansion/Contraction### Indicator Title: Volumetric Expansion/Contraction
### Summary
The Volumetric Expansion/Contraction (PCC) indicator is a comprehensive momentum oscillator designed to identify high-conviction price moves. Unlike traditional oscillators that only look at price, the PCC integrates four critical dimensions of market activity: **Price Change**, **Relative Volume (RVOL)**, **Cumulative Volume Delta (CVD)**, and **Average True Range (ATR)**.
Its primary purpose is to help traders distinguish between meaningful, volume-backed market expansions and noisy, unsustainable price action. It gives more weight to moves that occur in a controlled, low-volatility environment, highlighting potential starts of new trends or significant shifts in market sentiment.
### Key Concepts & Purpose
The indicator's unique formula synthesizes the following concepts:
1. **Price Change:** Measures the magnitude and direction of the primary move.
2. **Relative Volume (RVOL):** Confirms that the move is backed by significant volume compared to its recent average, indicating institutional participation.
3. **Cumulative Volume Delta (CVD):** Measures the underlying buying and selling pressure, confirming that the price move is aligned with the net flow of market orders.
4. **Inverse Volatility (ATR):** This is the indicator's unique twist. It normalizes the signal by the inverse of the Average True Range. This means the indicator's value is **amplified** when volatility (ATR) is low (signifying a controlled, confident expansion) and **dampened** when volatility is high (filtering out chaotic, less predictable moves).
The goal is to provide a single, easy-to-read oscillator that signals when price, volume, and order flow are all in alignment, especially during a breakout from a period of contraction.
### Features
* **Main Oscillator Line:** A single line plotted in a separate pane that represents the calculated strength of the volumetric expansion or contraction.
* **Zero Line:** A dotted reference line to easily distinguish between bullish (above zero) and bearish (below zero) regimes.
* **Visual Threshold Zones:** The background automatically changes color to highlight periods of significant strength:
* **Bright Green:** Indicates a "Strong Up Move" when the oscillator crosses above the user-defined upper threshold.
* **Bright Fuchsia:** Indicates a "Strong Down Move" when the oscillator crosses below the user-defined lower threshold.
### Configurable Settings & Filters
The indicator is fully customizable to allow for extensive testing and adaptation to different assets and timeframes.
#### Main Calculation Inputs
* **Price Change Lookback:** Sets the period for calculating the primary price change.
* **CVD Normalization Length:** The lookback period for normalizing the Cumulative Volume Delta.
* **RVOL Avg Volume Length:** The lookback for the simple moving average of volume, used to calculate RVOL.
* **RVOL Normalization Length:** The lookback period for normalizing the RVOL score.
* **ATR Length & Normalization Length:** Sets the periods for calculating the ATR and its longer-term average for normalization.
#### Weights
* Fine-tune the impact of each core component on the final calculation, allowing you to emphasize what matters most to your strategy (e.g., give more weight to CVD or RVOL).
#### External Market Filter (Powerful Feature)
* **Enable SPY/QQQ Filter for Up Moves?:** A checkbox to activate a powerful regime filter.
* **Symbol:** A dropdown to choose whether to filter signals based on the trend of **SPY** or **QQQ**.
* **SMA Period:** Sets the lookback period for the Simple Moving Average (default is 50).
* **How it works:** When enabled, this filter will **only allow "Strong Up Move" signals to appear if the chosen symbol (SPY or QQQ) is currently trading above its specified SMA**. This is an excellent tool for aligning your signals with the broader market trend and avoiding bullish entries in a bearish market.
#### Visuals
* **Upper/Lower Threshold:** Allows you to define what level the oscillator must cross to trigger the colored background zones, letting you customize the indicator's sensitivity.
***
**Disclaimer:** This tool is designed for market analysis and confluence. It is not a standalone trading system. Always use this indicator in conjunction with your own trading strategy, risk management, and other forms of analysis.
Flux Capacitor (FC)# Flux Capacitor
**A volume-weighted, outlier-resistant momentum oscillator designed to expose hidden directional pressure from institutional participants.**
---
### Why "Flux Capacitor"?
The name pays homage to the fictional energy core in *Back to the Future* — an invisible engine that powers movement. Similarly, this indicator detects whether price movement is being powered by real market participation (volume) or if it's coasting without conviction.
---
### Methodology
The Flux Capacitor fuses three statistical layers:
- **Normalized Momentum**: `(Close – Open) / ATR`
Controls for raw price size and volatility.
- **Volume Scaling**:
Amplifies the effect of price moves that occur with elevated volume.
- **Robust Normalization**:
- *Winsorization* caps outlier spikes.
- *MAD-Z scoring* normalizes the signal across assets (crypto, futures, stocks).
- This produces consistent scaling across timeframes and symbols.
The result is a smooth oscillator that reliably indicates **liquidity-backed momentum** — not just price movement.
---
### Signal Events
- **Divergence (D)**: Price makes higher highs or lower lows, but Flux does not.
- **Absorption (A)**: Candle shows high volume and small body, while Flux opposes the candle direction — indicates smart money stepping in.
- **Compression (◆)**: High volume with low momentum — potential breakout zone.
- **Zero-Cross**: Indicates directional regime flip.
- **Flux Acceleration**: Histogram shows pressure rate of change.
- **Regime Background**: Color fades with weakening trend conviction.
All signals are color-coded and visually compact for easy pattern recognition.
---
### Interpreting Divergence & Absorption Correctly
Signal strength improves significantly when it appears **in the correct zone**:
#### Divergence:
| Signal | Zone | Meaning | Strength |
|--------|------------|------------------------------------------|--------------|
| Green D | Below 0 | Bullish reversal forming in weakness | **Strong** |
| Green D | Above 0 | Bullish, but less convincing | Moderate |
| Red D | Above 0 | Bearish reversal forming in strength | **Strong** |
| Red D | Below 0 | Bearish continuation — low warning value | Weak |
#### Absorption:
| Signal | Zone | Meaning | Strength |
|--------|------------|-----------------------------------------|--------------|
| Green A | Below 0 | Buyers absorbing panic-selling | **Strong** |
| Green A | Above 0 | Support continuation | Moderate |
| Red A | Above 0 | Sellers absorbing FOMO buying | **Strong** |
| Red A | Below 0 | Trend continuation — not actionable | Weak |
Look for **absorption or divergence signals in “enemy territory”** for the most actionable entries.
---
### Reducing Visual Footprint
If your chart shows a long line of numbers across the top of the Flux Capacitor pane (e.g. "FC 14 20 9 ... Bottom Right"), it’s due to TradingView’s *status line input display*.
**To fix this**:
Right-click the indicator pane → **Settings** → **Status Line** tab → uncheck “Show Indicator Arguments”.
This frees up vertical space so top-edge signals (like red `D` or yellow `◆`) remain visible and unobstructed.
---
### Features
- Original MAD-Z based momentum design
- True volume-based divergence and absorption logic
- Built-in alerts for all signal types
- Works across timeframes (1-min to weekly)
- Minimalist, responsive layout
- 25+ customizable parameters
- No future leaks, no repainting
---
### Usage Scenarios
- **Trend confirmation**: Flux > 0 confirms bullish trend strength
- **Reversal detection**: Divergence or absorption in opposite territory = high-probability reversal
- **Breakout anticipation**: Compression signal inside range often precedes directional move
- **Momentum shifts**: Watch for zero-crosses + flux acceleration spikes
---
### ⚠ Visual Note for BTC, ETH, Crude Oil & Futures
These high-priced or rapidly accelerating instruments can visually compress any linear oscillator. You may notice the Flux Capacitor’s line appears "flat" or muted on these assets — especially over long lookbacks.
> **This does not affect signal validity.** Divergence, absorption, and compression triggers still fire based on underlying logic — only the line’s amplitude appears reduced due to scaling constraints.
---
### Disclaimer
This indicator is for educational purposes only. It is not trading advice. Past results do not guarantee future performance. Use in combination with your own risk management and analysis.
Stochastic RainbowThe Stochastic Rainbow indicator is a multi-layered momentum oscillator designed to provide a comprehensive view of market dynamics by combining multiple stochastic oscillators of varying periods. This approach allows traders to analyze both short-term and long-term momentum within a single visual framework, enhancing decision-making for entries and exits.
🔧 Indicator Settings and Customization
Select from various moving average methods (e.g., SMA, EMA, DEMA, TEMA, WMA, VWMA, RMA, T3) to smooth the stochastic lines. Different methods can affect the responsiveness of the indicator.
The indicator computes five sets of stochastic oscillators with Fibonacci values.
Each %K line is smoothed using the selected moving average type, and a corresponding %D line is plotted for each %K.
🎨 Visual Interpretation
The Stochastic Rainbow indicator plots multiple %K and %D lines, each with distinct colors for easy differentiation.
Additionally, horizontal dotted lines are drawn at levels 80 (Upper Band), 50 (Midline), and 20 (Lower Band) to indicate overbought, neutral, and oversold conditions, respectively.
📈 Trading Strategies Using Stochastic Rainbow
The multi-layered structure of the Stochastic Rainbow allows for nuanced analysis.
Trend Confirmation:
When all %K lines are above 50 and aligned in ascending order (short-term above long-term), it suggests a strong uptrend.
Conversely, when all %K lines are below 50 and aligned in descending order, it indicates a strong downtrend.
Overbought/Oversold Conditions:
If the shorter-term %K lines (e.g., %K 5,3 and %K 8,3) enter the overbought zone (>80) while longer-term lines remain below, it may signal a potential reversal.
Similarly, if shorter-term lines enter the oversold zone (<20) while longer-term lines remain above, it could indicate an upcoming bullish reversal.
Crossovers:
A bullish signal occurs when a %K line crosses above its corresponding %D line.
A bearish signal occurs when a %K line crosses below its corresponding %D line.
Divergence Analysis:
If price makes a new high while the %K lines do not, it may indicate bearish divergence and a potential reversal.
If price makes a new low while the %K lines do not, it may indicate bullish divergence and a potential reversal.
⚙️ Adjusting Settings for Optimal Use
The Stochastic Rainbow's flexibility allows traders to adjust settings to match their trading style and the specific asset's behavior:
Short-Term Trading: Use shorter periods (e.g., 5 for %K) and more responsive moving averages (e.g., WMA, VWMA, EMA, DEMA, TEMA, HMA) to capture quick market movements.
Long-Term Trading: Opt for longer periods (e.g., 55 for %K) and smoother moving averages (e.g., SMA, RMA, T3) to filter out noise and focus on broader trends.
Volatile Markets: Consider using the T3 moving average for its smoothing capabilities, helping to reduce false signals in choppy markets.
By experimenting with different settings, traders can fine-tune the indicator to better suit their analysis and improve decision-making.
Disparity Index with Volatility ZonesDisparity Index with Volatility Zones
is a momentum oscillator that measures the percentage difference between the current price and its simple moving average (SMA). This allows traders to identify overbought/oversold conditions, assess momentum strength, and detect potential trend reversals or continuations.
🔍 Core Concept:
The Disparity Index (DI) is calculated as:
DI = 100 × (Price − SMA) / SMA
A positive DI indicates the price is trading above its moving average (potential bullish sentiment), while a negative DI suggests the price is below the average (potential bearish sentiment).
This version of the Disparity Index introduces a dual-zone volatility framework, offering deeper insight into the market's current state.
🧠 What Makes This Version Unique?
1. High Volatility Zones
When DI crosses above +1.0% or below –1.0%, it often indicates the start or continuation of a strong trend.
Sustained readings beyond these thresholds typically align with trending phases, offering opportunities for momentum-based entries.
A reversal back within ±1.0% after exceeding these levels can suggest a shift in momentum — similar to how RSI exits the overbought/oversold zones before reversals.
These thresholds act as dynamic markers for breakout confirmation and potential trend exhaustion.
2. Low Volatility Zones
DI values between –0.5% and +0.5% define the low-volatility zone, shaded for visual clarity.
This area typically indicates market indecision, sideways price action, or consolidation.
Trading within this range may favor range-bound or mean-reversion strategies, as trend momentum is likely limited.
The logic is similar to interpreting a flat ADX, tight Bollinger Bands, or contracting Keltner Channels — all suggesting consolidation.
⚙️ Features:
Customizable moving average length and input source
Adjustable thresholds for overbought/oversold and low-volatility zones
Optional visual fill between low-volatility bounds
Clean and minimal chart footprint (non-essential plots hidden by default)
📈 How to Use:
1. Trend Confirmation:
A break above +1.0% can be used as a bullish continuation signal.
A break below –1.0% may confirm bearish strength.
Long periods above/below these thresholds support trend-following entries.
2. Reversal Detection:
If DI returns below +1.0% after exceeding it, bullish momentum may be fading.
If DI rises above –1.0% after falling below, bearish pressure may be weakening.
These shifts resemble overbought/oversold transitions in oscillators like RSI or Stochastic, and can be paired with divergence, volume, or price structure analysis for higher reliability.
3. Sideways Market Detection:
DI values within ±0.5% indicate low volatility or a non-trending environment.
Traders may avoid breakout entries during these periods or apply range-trading tactics instead.
Observing transitions out of the low-volatility zone can help anticipate breakouts.
4. Combine with Other Indicators:
DI signals can be enhanced using tools like MACD, Volume Oscillators, or Moving Averages.
For example, a DI breakout beyond ±1.0% supported by a MACD crossover or volume spike can help validate trend initiation.
This indicator is especially powerful when paired with Bollinger Bands:
A simultaneous price breakout from the Bollinger Band and DI moving beyond ±1.0% can help identify early trend inflection points.
This combination supports entering positions early in a developing trend, improving the efficiency of trend-following strategies and enhancing decision-making precision.
It also helps filter false breakouts when DI fails to confirm the move outside the band.
This indicator is designed for educational and analytical purposes and works across all timeframes and asset classes.
It is particularly useful for traders seeking a clear framework to identify momentum strength, filter sideways markets, and improve entry timing within a larger trading system.
Monest Value Indicator (MVI)
Description
The Monest Value Indicator (MVI) is a modern oscillator designed to address common issues in traditional oscillators like RSI or MACD. Unlike classical oscillators, the MVI dynamically adjusts to relative price movements and market volatility, providing a transparent and reliable valuation for short-term trading decisions.
This indicator normalizes price data around a consensus line and accounts for market volatility using the Average True Range (ATR). It highlights overbought and oversold conditions, offering a unique perspective for traders.
Key Features
Dynamic Overbought/Oversold Levels : Highlights significant price extremes for better entry and exit signals. Volatility Normalization : Adapts to market conditions, ensuring consistent readings across various assets. Consensus-Based Valuation : Uses a moving average of the midrange price for baseline calculations. No Lag or Stickiness : Reacts promptly to price movements without getting stuck in extreme zones.
How It Works
Consensus Line :
Calculated as a 5-day moving average of the midrange:
Consensus = SMA((High + Low) / 2, 5) .
Offset OHLC Data :
All prices are adjusted relative to the consensus line:
Offset Price = Price - Consensus .
Volatility Normalization :
Adjusted prices are normalized using a 5-day ATR divided by 5:
Normalized Price = Offset Price / (ATR / 5) .
MVI Calculation :
The normalized closing price is plotted as the MVI.
Overbought/Oversold Levels :
Default levels are set at +8 (overbought) and -8 (oversold).
How to Use
Identifying Overbought/Oversold Conditions :
When the MVI crosses above +8 , the asset is overbought, signaling a potential reversal or pullback.
When the MVI drops below -8 , the asset is oversold, indicating a potential bounce or upward move.
Trend Confirmation :
Use the MVI to confirm trends by observing sustained movements above or below zero.
Combine with other trend indicators (e.g., Moving Averages) for robust analysis.
Alerts :
Set alerts for when the MVI crosses overbought or oversold levels to stay informed about potential trading opportunities.
Inputs
ATR Length : Default is 5. Adjust to modify the sensitivity of volatility normalization. Consensus Length : Default is 5. Change to tweak the baseline calculation.
Example
Overbought Signal : MVI exceeds +8 , indicating the asset may reverse from an overvalued position. Oversold Signal : MVI drops below -8 , suggesting the asset may recover from an undervalued state. Flat Market : MVI hovers near zero, indicating price consolidation.