Mulai

Indeks Kekuatan Sebenarnya / True Strength Index (TSI)

TSI Dual Levels - Custom TF**TSI Dual Levels — Script Note** *by LEGOLAS* --- **Credits & Attribution** **True Strength Index (TSI)** Originally developed by **William Blau**, published in *Stocks & Commodities Magazine* (1991) and his book *Momentum, Direction and Divergence* (1995). The core TSI calculation and double-smoothing methodology used in this script belongs entirely to William Blau. **Relative Strength Index (RSI)** Originally developed by **J. Welles Wilder Jr.**, published in *New Concepts in Technical Trading Systems* (1978). The overbought and oversold zone concept used in this script is inspired by his work. **TradingView Pine Script Team** Full credit to the TradingView development team for their built-in open-source TSI and RSI implementations available on the platform. This script reuses elements of TradingView's open-source built-in TSI code as permitted under TradingView's public domain exception for standard classic indicators. All credit for those implementations belongs to TradingView. --- **Disclaimer** This script is a custom visual adaptation. LEGOLAS does not claim ownership of any underlying mathematics, formulas, or base Pine Script implementations. This is published open-source in full compliance with TradingView's open-source reuse rules. No performance claims are made. Past behavior of any indicator does not guarantee future results. This script is for educational and informational purposes only and does not constitute financial advice. --- **What does it do?** TSI Dual Levels takes the standard True Strength Index and adds two significant original features on top of it: 1. A **dual-level overbought and oversold zone system** — giving traders two thresholds to watch rather than one, helping distinguish between a warning level and an extreme level. 2. A **dynamic color-coded momentum signal system** — the TSI line changes color in real time based on the strength of each bar's momentum move, something not present in the standard TSI. The indicator also supports a **custom timeframe input**, allowing traders to display TSI values from a higher timeframe on any lower timeframe chart. --- **The Zones** There are 4 adjustable levels: - **Overbought Zone 2 (Extreme)** — default 50. Momentum extremely stretched to the upside. Caution on longs. - **Overbought Zone 1** — default 25. Momentum entering overbought territory. Watch for slowdowns. - **Oversold Zone 1** — default -25. Momentum entering oversold territory. Watch for bounces. - **Oversold Zone 2 (Extreme)** — default -50. Momentum extremely stretched to the downside. Caution on shorts. The area between Zone 1 and Zone 2 is shaded as a warning fill. The neutral zone between overbought and oversold is also shaded separately so you can visually identify where momentum sits at a glance. --- **The Color System** The TSI line changes color based on the size of each bar's momentum move. This is the original feature of this script: - 🟢 **Bright Green** — TSI moves up by 1 or more points on this bar. Strong confirmed bullish momentum. - 🟩 **Lime Green** — TSI moves up but by less than 1 point. Momentum nudging positive, weak conviction. Watch but do not act on this alone. - 🔴 **Bright Red** — TSI drops by 1 or more points on this bar. Strong confirmed bearish momentum. - 🟠 **Orange** — TSI drops but by less than 1 point. Momentum nudging negative, weak conviction. Watch but do not act on this alone. The rule is simple — if the TSI moves by 1 or more points in a single bar, the line flips to the strong color. Green for 1 or more points up. Red for 1 or more points down. If the move is less than 1 point in either direction the line stays in the weak shade — lime or orange — telling you that momentum is moving but has not committed yet. A move of less than 1 point means drift. A move of 1 or more points means drive. All 4 colors are fully customizable in the settings. --- **Settings** - **Timeframe** — display TSI from a higher timeframe on your current chart - **Long Length** — controls the first EMA smoothing period (default 25) - **Short Length** — controls the second EMA smoothing period (default 13) - **Signal Length** — controls the signal line EMA period (default 13) - **Overbought / Oversold Levels** — all 4 zone values are fully adjustable - **4 TSI Line Colors** — strong up, weak up, strong down, weak down --- **What makes this original** The standard TradingView TSI has a single color line and no dual-level zone structure. The original additions in this script are the dual overbought/oversold zone system, the per-bar momentum strength color logic using the 1 or more points threshold, and the multi-timeframe input. These features combined give traders a visual momentum read that the standard TSI does not provide. --- *All TSI mathematics belong to William Blau. RSI zone concept belongs to J. Welles Wilder Jr. TradingView built-in implementations are the property of TradingView. This script is published open-source by LEGOLAS. No financial advice is given or implied. Past indicator behavior does not guarantee future results.*
Indikator Pine Script®
oleh legolasali7
BK AK-Pivot Wolf🐺 BK AK–Momentum Pivot Wolf — Momentum / Pivots / Confluence 🐺 🙏 All glory to G-d. Built with standards and discipline passed down by my mentor AK— thank you for giving real instruction without being cheap about it — no holding back, no protecting secrets. Update / Record A previous version of this publication was hidden due to insufficient description. This republish is a complete, self-contained explanation of what the script does, how it works, what signals mean, what settings do, and key limitations. ✨ What this script does Pivot Wolf is a TSI-based momentum oscillator system that focuses on: extremes → pivots → confirmation, then adds confluence layers (VWAP, MTF alignment, SNR, volume, regime) to reduce chop and low-quality signals. It’s designed to help you: Identify momentum extremes using Dynamic or Static bands Detect oscillator pivots that form at extremes (main pivot signals) Mark divergences (regular + hidden) between price and oscillator Confirm/grade signals using a 0–100 scoring system (or legacy hard filters) Visualize context via VWAP gating, MTF dashboard, and regime state Project post-pivot expectation zones via T1 / T2 targets Optionally enable historical learning that only applies overrides when validation is strong 🧠 How it works 1) Momentum engine (TSI blend) Computes Fast TSI and Slow TSI Optional Adaptive Blend: volatility-weighted mixing using ATR% normalization over a lookback so momentum can be responsive in calm markets and less noisy in high volatility A Signal EMA smooths momentum to detect cross/shift 2) Bands define “extremes” Bands define statistically “stretched” momentum. Dynamic mode: uses StdDev (or robust MAD) over a lookback, multiplied by a factor Static mode: fixed ± level Optional band smoothing to reduce jitter “Extreme” is simply: momentum beyond the band (with optional tolerance rules) 3) Pivot detection (main signals) Detects oscillator pivot lows/highs using pivotLen A “strong” pivot signal is when: Pivot Low forms below the Lower Band (oversold) Pivot High forms above the Upper Band (overbought) Marker style/size/colors are configurable, and tooltips explain context Important: pivots are confirmed only after pivotLen bars to the right (this is normal pivot behavior). 4) Divergence logic (regular + hidden) Tracks the last two oscillator pivots and compares them with price pivots: Bullish divergence: price makes a lower low while oscillator makes a higher low Bearish divergence: price makes a higher high while oscillator makes a lower high Hidden bullish divergence: price higher low + oscillator lower low Hidden bearish divergence: price lower high + oscillator higher high Optional: Require extreme so divergences only count when pivots occur outside bands. 5) Confluence + scoring (0–100) Instead of relying only on hard rules, Pivot Wolf can compute bull/bear scores from multiple inputs: VWAP gate: position and/or slope logic (PositionOnly / SlopeOnly / Both / Either) MTF alignment: direction across up to 6 selected timeframes + dashboard visualization SNR (Signal-to-Noise Ratio): reduces signals during chop by comparing momentum gap vs recent noise Volume confirmation: bullish confirmation vs bearish exhaustion/spike logic Acceleration / deceleration: early warning + risk markers when momentum behavior changes rapidly Consolidation filter: ATR regime compression penalty Price structure: HH/LL checks to avoid fighting structure Whipsaw guard: enforces a minimum bar gap between opposite signals Signals can show as: Strong = passes gating + score threshold (or legacy rules) Weak (optional) = “scout” setups (score in 50–threshold range) 6) Targets / projections (T1 / T2) After confirmed pivots, it projects expectation zones based on recent run behavior: T1 = 0.618 projection T2 = 1.000 projection Targets can display continuously or only reveal when momentum approaches (to reduce clutter). 7) Optional historical learning (validation-gated) If enabled, the script: records pivot “outcomes” after mlForwardBars runs a simple train/validation pass only applies learned overrides when validation is strong and not overfit If validation fails, it reverts to manual settings. Note: This “learning” is heuristic optimization inside Pine (not external ML), and overrides are applied only when conditions are met. 🧭 How to use Check the MTF dashboard for alignment (avoid fighting the stack). Let momentum reach band extremes (OB/OS). Treat pivot signals as highest value when Score is strong + VWAP gate agrees. Use divergence as added weight, not as the sole trigger. Manage around T1/T2 as structured expectation zones. 📌 Signals & visuals (what you’ll see) Momentum line with optional gradient (strength/quality feel) Signal line (EMA) Upper/Lower bands + optional fills Extreme dots/edges at band breaks (optional) Cross stars on momentum/signal crosses (optional) Divergence markers (◆ regular, ◇ hidden) + optional connector lines MTF dashboard (direction + strength + confluence) Info panel meters (Bull, Bear, Net, Osc Position, MTF, Quality, Regime, VWAP Pressure) Optional stop suggestion markers (ATR/Swing/Pivot/Band methods) ⚙️ Key settings Core Momentum: TSI lengths, signal EMA, adaptive blend & volatility lookback Bands/Extremes: Dynamic vs Static bands, basis (StdDev/MAD), smoothing Pivots & Divergence: pivot sensitivity, max bars between pivots, line/marker toggles Filters: VWAP gate, MTF bias, SNR, volume, consolidation, structure, whipsaw Targets/ML: T1/T2 projection logic + optional historical learning validation Dashboards/Panels: MTF dashboard + Info panel positioning & styling Performance mode: reduces heavy visual updates if needed 🔔 Alerts included Bullish/Bearish signal alerts Divergence detected Early warning acceleration alerts Optional regime peak/valley switch alert (Alerts can be throttled via “Alert Settings”.) ✅ Repainting / confirmation notes (important) Pivot highs/lows confirm after pivotLen bars by design. Signals appear once the pivot is confirmed. MTF calculations use request.security(..., lookahead=barmerge.lookahead_off) to avoid forward-looking HTF values. Anything based on confirmed pivots is inherently delayed by the pivot confirmation window. ⚠️ Known limitations / best practices VWAP/Volume-based logic depends on reliable volume data. Some symbols/feeds may behave differently. The script is information-dense; if you hit resource limits, use: Limit labels Reduce divergence lines Turn off heavy visuals (fills, heatmap, dashboards) Enable Performance mode This tool is built for structure and confluence, not prediction. It will often stay quiet during chop—by design. 👁️‍🗨️ King Solomon Lens “Solomon didn’t predict. He judged. He built tests that made truth show itself. Pivot Wolf is that: pivots as boundary stones, momentum as witness, acceleration as the confession. No hammer in the Temple — rules are cut before entry. When it’s quiet, it’s saving you. When it speaks, it’s a ruling.” Disclaimer This script is for educational and informational purposes only. It does not provide financial advice, and it does not guarantee results. You are responsible for your own decisions, testing, and risk management. 🙏 All glory to G-d—the source of all wisdom and every true edge. 🙏
Indikator Pine Script®
oleh Ki11a_B
XRP Non-Stop Strategy (TP 25% / SL 15%)This strategy performs continuous automated trading exclusively on XRP. It opens long positions during favorable trend conditions, using a fixed Take Profit target of 25% above the entry price and a fixed Stop Loss of 15% below the entry. Once a trade is closed (either TP or SL), the strategy automatically re-enters on the next valid signal, enabling uninterrupted trading. The script includes: Dynamic Take Profit & Stop Loss lines Optional EMA trend filter Visual BUY and EXIT markers TradingView alerts for automation or notifications This strategy is built for traders who want a simple, price-action-driven system without fixed price levels, relying only on percentage-based movement from each entry.
Strategi Pine Script®
oleh antishyilma81
True Strength Index with Crossovers Alerts🚀 True Strength Index (TSI) with Visual Crossover Alerts Hey everyone! I’m sharing my customized True Strength Index (TSI) indicator, which I've boosted with clear visual signals and alert conditions based on my personal, high-probability trading strategy. The True Strength Index is a powerful, oscillation-based momentum indicator that smooths price movements twice using Exponential Moving Averages (EMAs). This double-smoothing process helps to filter out market noise, giving you a much clearer view of momentum changes than basic indicators. 🛠️ How This Script Works This script focuses on the crucial interaction between the TSI line and its Signal Line: TSI Line (Blue): Tracks momentum direction and strength. Signal Line (Red): A simple EMA of the TSI line, used to determine short-term trend shifts. Visual Buy/Sell Signals: To make signals impossible to miss, I've added distinct visual markers: 🟢 Green Dot: A "Buy Signal" is plotted at the bottom of the indicator pane when the TSI crosses above the Signal Line (bullish crossover). 🔴 Red Dot: A "Sell Signal" is plotted at the bottom when the TSI crosses below the Signal Line (bearish crossover). Additionally, I've included named alertconditions so you can set up real-time notifications for these exact crossovers in the TradingView Alert system. 🧠 My Trading Logic: Combining TSI with RSI I don't use the TSI in isolation. My favorite approach is to use this TSI indicator as a timing tool, but only when it aligns with the overall momentum context defined by the Relative Strength Index (RSI). This is the key to my strategy: Bullish Trade Filter: I only take a BUY signal (Green Dot) when my RSI indicator is already in a bullish territory (above 50). Bearish Trade Filter: I only take a SELL signal (Red Dot) when my RSI indicator is already in a bearish territory (below 50). This combination ensures you are trading with the underlying momentum trend, improving the probability of success. ⚙️ My Recommended Custom Settings For the best results with this strategy, I recommend using the following custom settings. You can enter these values in the "Inputs" tab when adding the indicator to your chart. 1. TSI (Alerts) Settings Long Length - 60 Higher value for smoother price change data. Short Length -30 Medium-term smoothing for clearer momentum shifts. Signal Length - 9 Short length for a responsive signal line. 2. Companion RSI Settings (RSI+) RSI Length - 150 A long look-back period for highly accurate trend filtering. MA1 Length - 60 Used for additional smoothing. MA2 Length - 150 Used for powerful trend confluence.
Indikator Pine Script®
oleh Charted_Trades
🐬TSI_ShadowAdded the following features to the original TSI Shadow indicator by Daveatt - Candle color on/off => Displays the current trend status by coloring the chart candles. - Background color on/off => Displays the current trend status by coloring the chart background. - Conservative signal processing based on the zero line on/off => When calculating the trend with the TSI, a bullish trend is only confirmed above the zero line, and a bearish trend is only confirmed below the zero line. - Conservative signal processing based on full signal alignment on/off => This enhances the original trend calculation (bullish when TSI and Fast MA are above Slow MA). With this option, the trend is determined by the specific alignment of all three lines: TSI, Fast MA, and Slow MA. 기존 Daveatt 유저가 개발한 TSI Shadow 에서 아래 기능을 추가 하였습니다. - 캔들 색상 on/off => 캔들에 추세의 상태를 색상으로 나타냅니다. - 배경 색상 on/off => 배경에 추세의 상태를 색상으로 나타냅니다. - 0선 기준으로 신호 발생 보수적 처리 on/off => TSI로 추세를 계산할 때 0선 위에서는 매수추세, 0선 아래서는 매도추세를 계산합니다. - 전체 배열 신호 발생 보수적 처리 on/off => TSI선과, FastMA 선이 SlowMA 위에 있을때 상승추세, 반대면 하락추세를 나타내 주던 계산식에서 TSI-FastMA-SlowMA 세가지 선의 배열 상태로 추세를 나타냅니다.
Indikator Pine Script®
oleh BossOfDolphinGang_
Trend Strength Oscillator📌 What Is the Trend Strength Oscillator? The Trend Strength Oscillator is a visual tool that helps traders understand the overall direction and strength of the market trend. Instead of using multiple indicators separately, this tool combines three trusted methods into one clear, color-coded bar chart. The bars change based on whether the market is strongly trending up, down, or just moving sideways. Imagine it as a traffic light for trading: • Green means it’s safe to consider buying (strong uptrend). • Red means consider selling or avoiding longs (strong downtrend). • Gray means wait, the market isn’t clearly trending. 🧠 How It Works — The 3 Main Components 1. EMA Slope The EMA (Exponential Moving Average) tracks the average price but reacts more quickly to changes. If the EMA is rising, it means the market is likely moving upward. If it’s falling, the trend is likely downward. 2. RSI Direction RSI (Relative Strength Index) measures momentum. This tool compares the RSI to its smoothed average. If the RSI is above its average, momentum is up. If it’s below, momentum is down. 3. ADX Strength ADX (Average Directional Index) measures how strong a trend is, not the direction. So even if EMA and RSI agree on a trend, the ADX must confirm it’s strong enough to be worth trading. Only when all three indicators agree do we consider it a strong trend. 🧮 What the Oscillator Shows The result of combining those components is a number that becomes a colored bar: • +2 means all three signals are bullish → green bar. • -2 means all three signals are bearish → red bar. • Anything else (e.g., mixed signals or weak ADX) → gray bar. This makes the chart super easy to read at a glance, even for beginners. 📈 How to Use It in Trading You can use the Trend Strength Oscillator in a few simple ways: • Entering Trades: Look for a green bar when you want to buy or go long. Look for a red bar when you want to sell or go short. These bars mean all systems are “go” in the same direction. • Avoiding Mistakes: If the bar is gray, it’s a warning that the market is undecided or weak. It’s often better to wait for a clearer signal rather than force a trade. • Managing Existing Trades: If you’re in a trade and the bar color shifts back to gray, that can be a clue that the trend is losing strength. You might tighten your stop-loss or take some profit. 🧭 Final Thoughts This indicator doesn’t give you a trade entry every few minutes. Instead, it helps you stay on the right side of strong moves and avoid choppy or sideways markets. It’s especially helpful for: • Trend-following traders • People who want clean, simple visuals • Beginners who get overwhelmed with too many indicators Let me know if you'd like to see this paired with another tool like volume or MACD, or if you’d like a chart screenshot to visualize how this looks live.
Indikator Pine Script®
oleh SupertradeOfficial
BK AK-Scope🔭 Introducing BK AK-Scope — Target Locked. Signal Acquired. 🔭 After building five precision weapons for traders, I’m proud to unveil the sixth. BK AK-Scope — the eye of the arsenal. This is not just an indicator. It’s an intelligence system for volatility, signal clarity, and rate-of-change dynamics — forged for elite vision in any market terrain. 🧠 Why “Scope”? And Why “AK”? Every shooter knows: you can’t hit what you can’t see. The Scope brings range, clarity, and target distinction. It filters motion from noise. Purpose from panic. “AK” continues to honor the man who trained my sight — my mentor, A.K. His discipline taught me to wait for alignment. To move with reason, not emotion. His vision lives in every code line here. 🔬 What Is BK AK-Scope? A Triple-Tier TSI Correlation Engine, fused with adaptive opacity logic, a volatility scoring system, and real-time signal clarity. It’s momentum dissected — by speed, depth, and rate of change. Built to serve traders who: Need visual hierarchy between fast, mid, and slow TSI responses. Want adaptive fills that pulse with volatility — not static zones. Require a volatility scoring overlay that reads the battlefield in real time. ⚙️ Core Systems: How BK AK-Scope Works ✅ Fast/Mid/Slow TSI → Three layers of correlation: like scopes with zoom levels. You track micro moves, mid swings, and macro flow simultaneously. ✅ Rate-of-Change Adaptive Opacity → Momentum fills fade or flash based on speed — giving you movement density at a glance. Bull vs. Bear zones adapt to strength. You feel the market’s pulse. ✅ Volatility Score Intelligence → Custom algorithm measuring: Range expansion Rate-of-change differentials ATR dynamics Standard deviation pressure All combined into a score from 0–100 with live icons: 🔥 = Extreme Heat (70+) 🧊 = Cold Zone (<30) ⚠️ = ROC Warning • = Neutral drift ✅ Auto-Detect Volatility Modes → Scalp = <15min Swing = intraday/hourly Macro = daily/weekly Or override manually with total control. 🎯 How To Use BK AK-Scope 🔹 Trend Continuation → When all three TSI layers align in direction + volatility score climbs, ride with the trend. 🔹 Early Reversals → Opposing TSI + rapid opacity change + volatility shift = sniper reversal zone. 🔹 Consolidation Filter → Neutral fills + score < 30 = stay out, wait for signal surge. 🔹 Signal Confluence → Pair with: • Gann fans or angles • Fib time/price clusters • Elliott Wave structure • Harmonics or divergence To isolate entry perfection. 🛡️ Why This Indicator Changes the Game It's not just momentum. It’s TSI with depth hierarchy. It’s not just color. It’s real-time strength visualization. It’s not just volatility. It’s rate-weighted market intelligence. This is market optics for the advanced trader — built for vision, clarity, and discipline. 🙏 Final Thoughts 🔹 In honor of A.K., my mentor. The man who taught me to see what others miss. 🔹 Inspired by the power of vision — because execution without clarity is chaos. 🔹 Powered by faith — because Gd alone gives sight beyond the visible. “He gives sight to the blind and wisdom to the humble.” — Psalms 146 Every tool I build is a prayer in code — that it helps someone trade with clarity, integrity, and precision. ⚡ Zoom In. Focus Deep. Trade Clean. BK AK-Scope — Lock on the target. See what others don’t. 🔫 Clarity is power. 🔫 Gd bless. 🙏
Indikator Pine Script®
oleh Ki11a_B
Sentiment Master Oscillator[BullByte] The Sentiment Master Oscillator is a modern market sentiment indicator designed for traders seeking to identify early trend shifts and potential reversals with clarity. This oscillator combines multiple technical tools—RSI, MACD, EMAs, ADX, ATR, and volume filters—to deliver layered signals that help you assess market momentum in a clear and simplified manner. Key Features: - Multi-Indicator Approach : Integrates RSI (with a smoothing function), MACD, and two EMAs to gauge momentum and trend direction. The oscillator also includes ADX and ATR filters to ensure that only markets with sufficient directional strength and volatility generate signals. - Dynamic Signal Zones : The oscillator produces a raw value ranging roughly from -3 to +3 (adjustable via a scaling factor). Positive readings suggest bullish conditions, while negative readings indicate bearish trends. Visual zones (Early, Confirmed, Strong) are clearly marked with color-coded horizontal lines to help you interpret the strength of the signal at a glance. - Adaptive Smoothing : For those who prefer quicker, more responsive signals (ideal for scalping), an adaptive smoothing option is available. When enabled, it applies a shorter smoothing period to the oscillator; otherwise, a more conservative base period is used. - Reversal Alerts : Yellow dots are plotted on the chart to highlight potential reversal points. These alerts are triggered when the oscillator crosses specific thresholds, coupled with volume and ATR conditions, signaling that a top or bottom may be forming. - Customizable Filters : - ATR Filter :Ensures that the market's volatility is above a set threshold before signaling. - ADX Filter :Confirms sufficient trend strength. - Volume Filter : Requires that trading volume surges above a multiple of its simple moving average, filtering out low-volume noise. - Clear Signal Messaging : Based on the combined signals from various indicators, the script categorizes market sentiment into actionable messages such as "Early Buy", "Confirmed Buy", "Strong Buy", "Early Sell", "Confirmed Sell", and "Strong Sell". A "Grey Zone" label is used when the oscillator is near neutral, indicating that no clear trend is present. How to Use : 1. Entry and Exit Decisions : Use the different signal stages (Early, Confirmed, Strong) as guides for your entries and exits. 2. Trend Confirmation : Rely on the multi-indicator setup for added confirmation of prevailing market conditions before executing trades. 3. Reversal Cues : Pay attention to the reversal dots for potential turning points in the market, which can be used to adjust positions or initiate trades. Disclaimer: This indicator is intended for educational and informational purposes only. It should not be taken as financial advice. Always use appropriate risk management and combine it with your analysis before making any trading decisions. Past performance is not indicative of future results. By adhering to TradingView's publishing guidelines, the BullByte Sentiment Master is designed to provide transparency, simplicity, and robust analysis tools to enhance your trading strategy. Enjoy a clearer view of market sentiment and make more informed trading decisions!
Indikator Pine Script®
oleh BullByte
9
Aggregated Spot vs Perp Volume (% Change)Aggregated Spot vs Perp Volume (% Change) Description The "Aggregated Spot vs Perp Volume (% Change)" indicator helps crypto traders compare the momentum of spot and perpetual futures (perp) trading volumes across 12 major exchanges. It calculates the percentage change in volume from one bar to the next, highlighting divergences and showing which market—spot or perp—is leading a move. By focusing on relative changes, it eliminates the issue of absolute volume differences, making trends clear. The indicator aggregates data from Binance, Bybit, OKX, Coinbase, Bitget, MEXC, Phemex, BingX, WhiteBIT, BitMEX, Kraken, and HTX. Users can toggle exchanges and choose to measure volume in coin units (e.g., BTC) or USD. How It Works Volume Aggregation: Fetches spot and perp volume data for the selected crypto (e.g., BTC) from up to 12 exchanges. Spot volume is included only if perp volume is available for the same pair, ensuring consistency. Volume can be measured in coin units or USD (volume × spot price). Percentage Change: Calculates the percentage change in spot and perp volumes from the previous bar: Percentage Change = ((Current Volume − Previous Volume) / Previous Volume) ×100 This focuses on relative momentum, making spot and perp volumes directly comparable. Visualization: Spot volume % change is plotted as a blue line, and perp volume % change as a red line, both with a linewidth of 1. Who Should Use It Crypto Traders: To understand spot vs. perp market dynamics across exchanges. Momentum Traders: To spot which market is driving price moves via volume divergences. Scalpers/Day Traders: For identifying short-term shifts in market activity. Analysts: To study liquidity and sentiment in crypto markets. How to Use It Blue line: Spot volume % change. Red line: Perp volume % change. Look for divergences (e.g., a sharp rise in the red line but not the blue line suggests perp markets are leading). Combine with Price: Use alongside price charts to confirm trends or spot potential reversals. Context Spot markets reflect actual asset trading, while perp markets, with leverage, attract speculative activity and often show higher volumes. This indicator uses percentage change to compare their momentum, helping traders identify market leadership and divergences. For example, a 50% increase in both spot and perp volumes plots at the same level, making it easy to see relative shifts across exchanges.
Indikator Pine Script®
oleh mindyourbuisness
TSI Long/Short for BTC 2HThe TSI Long/Short for BTC 2H strategy is an advanced trend-following system designed specifically for trading Bitcoin (BTC) on a 2-hour timeframe. It leverages the True Strength Index (TSI) to identify momentum shifts and executes both long and short trades in response to dynamic market conditions. Unlike traditional moving average-based strategies, this script uses a double-smoothed momentum calculation, enhancing signal accuracy and reducing noise. It incorporates automated position sizing, customizable leverage, and real-time performance tracking, ensuring a structured and adaptable trading approach. 🔹 What Makes This Strategy Unique? Unlike simple crossover strategies or generic trend-following approaches, this system utilizes a customized True Strength Index (TSI) methodology that dynamically adjusts to market conditions. 🔸 True Strength Index (TSI) Filtering – The script refines the TSI by applying double exponential smoothing, filtering out weak signals and capturing high-confidence momentum shifts. 🔸 Adaptive Entry & Exit Logic – Instead of fixed thresholds, it compares the TSI value against a dynamically determined high/low range from the past 100 bars to confirm trade signals. 🔸 Leverage & Risk Optimization – Position sizing is dynamically adjusted based on account equity and leverage settings, ensuring controlled risk exposure. 🔸 Performance Monitoring System – A built-in performance tracking table allows traders to evaluate monthly and yearly results directly on the chart. 📊 Core Strategy Components 1️⃣ Momentum-Based Trade Execution The strategy generates long and short trade signals based on the following conditions: ✅ Long Entry Condition – A buy signal is triggered when the TSI crosses above its 100-bar highest value (previously set), confirming bullish momentum. ✅ Short Entry Condition – A sell signal is generated when the TSI crosses below its 100-bar lowest value (previously set), indicating bearish pressure. Each trade execution is fully automated, reducing emotional decision-making and improving trading discipline. 2️⃣ Position Sizing & Leverage Control Risk management is a key focus of this strategy: 🔹 Dynamic Position Sizing – The script calculates position size based on: Account Equity – Ensuring trade sizes adjust dynamically with capital fluctuations. Leverage Multiplier – Allows traders to customize risk exposure via an adjustable leverage setting. 🔹 No Fixed Stop-Loss – The strategy relies on reversals to exit trades, meaning each position is closed when the opposite signal appears. This design ensures maximum capital efficiency while adapting to market conditions in real time. 3️⃣ Performance Visualization & Tracking Understanding historical performance is crucial for refining strategies. The script includes: 📌 Real-Time Trade Markers – Buy and sell signals are visually displayed on the chart for easy reference. 📌 Performance Metrics Table – Tracks monthly and yearly returns in percentage form, helping traders assess profitability over time. 📌 Trade History Visualization – Completed trades are displayed with color-coded boxes (green for long trades, red for short trades), visually representing profit/loss dynamics. 📢 Why Use This Strategy? ✔ Advanced Momentum Detection – Uses a double-smoothed TSI for more accurate trend signals. ✔ Fully Automated Trading – Removes emotional bias and enforces discipline. ✔ Customizable Risk Management – Adjust leverage and position sizing to suit your risk profile. ✔ Comprehensive Performance Tracking – Integrated reporting system provides clear insights into past trades. This strategy is ideal for Bitcoin traders looking for a structured, high-probability system that adapts to both bullish and bearish trends on the 2-hour timeframe. 📌 How to Use: Simply add the script to your 2H BTC chart, configure your leverage settings, and let the system handle trade execution and tracking! 🚀
Strategi Pine Script®
oleh PineIndicators
OBV TSI IndicatorThe OBV TSI Indicator combines two powerful technical analysis tools: the On-Balance Volume (OBV) and the True Strength Index (TSI). This hybrid approach provides insights into both volume dynamics and momentum, helping traders identify potential trend reversals, breakouts, or continuations with greater accuracy. The OBV TSI Indicator tracks cumulative volume shifts via OBV and integrates the TSI for momentum analysis. It offers customizable moving average options for further smoothing. Visual trendlines, pivot points, and signal markers enhance clarity. The OBV tracks volume flow by summing volumes based on price changes. Positive volume is added when prices rise, and negative volume is subtracted when prices fall. The result is smoothed to detect meaningful trends in volume. A volume spread is derived from the difference between the smoothed OBV and cumulative volume. This is then adjusted by the price deviation to generate the shadow spread, which highlights critical volume-driven price levels. The shadow spread is added to either the high or low price, depending on its sign, producing a refined OBV output. This serves as the main source for the subsequent TSI calculation. The TSI is a momentum oscillator calculated using double-smoothed price changes. It provides an accurate measure of trend strength and direction. Various moving average options, such as EMA, DEMA, or TEMA, are applied to the smoothed OBV for additional trend filtering. Users can select their preferred type and length to suit their trading strategy. Trendlines are plotted to visualize the overall direction. When a significant change in trend is detected, up or down arrows indicate potential buy or sell signals. The script identifies key pivot points based on the highest and lowest levels within a defined period. These pivots help pinpoint reversal zones. The indicator offers customization options, allowing users to adjust the OBV length for smoothing, choose from various moving average types, and fine-tune the short, long, and signal periods for TSI. Additionally, users can toggle visibility for trendlines, signals, and pivots to suit their preferences. This indicator is ideal for practical use cases such as spotting potential trend reversals by observing TSI crossovers and pivot levels, anticipating breakouts from key price levels using the shadow spread, and validating trends by aligning TSI signals with OBV and moving averages. The OBV TSI Indicator is a versatile tool designed to enhance decision-making in trading by combining volume and momentum analysis. Its flexibility and visual aids make it suitable for traders of all experience levels. By leveraging its insights, you can confidently navigate market trends and improve your trading outcomes.
Indikator Pine Script®
oleh Julien_Exe
20
Xtrender and TSI FusionXtrender and TSI Fusion Indicator I created this indicator for myself. I was inspired by the indicators created by Bjorgum, Duyck and QuantTherapy and decided to create multiple indicators that either work well combined with their indicators or something new that applies some of their indicator concepts. I decided to share all of the indicator I have created because I believe in learning and earing together as a community. If you guys have any questions or suggestions write them. Overview: The Xtrender and TSI Fusion Indicator is a powerful tool designed to help traders analyze market momentum, trends, and potential reversals. By combining Xtrender with the True Strength Index (TSI), this indicator provides a comprehensive view of market dynamics, making it easier to identify trading opportunities. Image: Timeframe is set to daily Features: 1.Xtrender Analysis: Short-Term Xtrender: Visualizes short-term momentum using RSI-based calculations on EMA differences. This helps in identifying immediate market trends and pullbacks. Image above: showcases Short-Term Xtrender Xtrender T3: A smoothed version of the Xtrender that reduces noise and highlights significant trend changes. Image above: showcases Xtrender T3 with Xtrender T3 color 2.TSI (True Strength Index): TSI Value: Measures momentum by comparing price changes over two time periods, offering a clear view of trend strength. TSI Signal Line: A smoothed version of the TSI value, used to generate buy and sell signals when crossed by the TSI. Image: showcases TSI Value with TSI Signal Line TSI Histogram: Shows the difference between the TSI and its signal line, highlighting potential reversals and trend continuations. Image: showcases TSI Histogram 3.Color Coding and Visual Cues: Trend Colors: The indicator uses dynamic colors to represent bullish or bearish conditions, making it easy to interpret market sentiment. Background Color : The background changes color based on TSI signals, further aiding in visual trend analysis. Image: showcases Background color and Zero line How to Use 1.Xtrender Analysis: Short-Term Xtrender: The short-term Xtrender is plotted as columns, changing color based on its direction and value. Green or lime indicates positive momentum, while red or maroon indicates negative momentum. Xtrender T3: The Xtrender T3 line (black) represents a smoothed version of the short-term Xtrender, providing a clearer picture of the overall trend. The color of this line changes based on the Xtrender's value, helping you spot potential trend changes. 2.TSI (True Strength Index): TSI Value and Signal Line: The TSI value is plotted as a line, with its color changing based on its relationship to the signal line. A crossover of the TSI above the signal line suggests a potential bullish move, while a crossover below indicates a bearish trend. TSI Histogram: The histogram represents the difference between the TSI and its signal line. Positive values indicate bullish momentum, while negative values suggest bearish momentum. 3.Background Color: The background color changes based on the TSI signal, with a greenish hue indicating bullish conditions and a reddish hue indicating bearish conditions. This provides a quick visual reference for market sentiment. 4.Zero Line: A horizontal gray dotted line at the zero level helps you easily identify when the Xtrender or TSI crosses into positive or negative territory, signaling potential trend shifts. Image above: Timeframe on daily with the individual elements combined Example of Use: •Trend Confirmation: Use the Xtrender and Xtrender T3 to confirm the direction of the trend. If both are aligned with the same color and direction, it increases the probability of a strong trend. •Momentum Reversals: Watch for TSI crosses and histogram shifts to identify potential reversals. For example, a TSI crossover above its signal line with a corresponding change in the histogram from negative to positive could signal a buying opportunity. •Pullbacks: Identify pullbacks within a trend by observing temporary shifts in the short-term Xtrender or TSI histogram. Use these signals to enter trades in the direction of the overall trend. Image above: Showcases, Trend confirmation, reversal and pullbacks on daily timeframe. Customization: •TSI Speed: Choose between "Fast" and "Slow" TSI settings based on your trading style. Fast settings are more responsive to price changes, while slow settings offer smoother signals. •Color Settings: Customize the colors for bullish, bearish, and neutral TSI conditions to match your personal preferences or chart theme. This indicator is versatile and can be used for various trading strategies, from trend following to momentum trading, making it a valuable tool in any trader's arsenal. My Scripts/Indicators/Ideas /Systems that I share are only for educational purposes
Indikator Pine Script®
oleh Debis03
12
TSI w SuperTrend decision - Strategy [presentTrading]This strategy aims to improve upon the performance of Traidngview's newly published "Trend Strength Index" indicator by incorporating the SuperTrend for better trade execution and risk management. Enjoy :) █ Introduction and How it is Different The "TSI with SuperTrend Decision - Strategy" combines the Trend Strength Index (TSI) with SuperTrend indicators to determine entry and exit points. Unlike traditional strategies that rely solely on one indicator, this method leverages the strengths of both TSI and SuperTrend to provide a more nuanced and adaptive trading strategy. This dual approach allows for capturing trends more effectively, especially in volatile markets. BTCUSD 8h LS Performance █ Strategy, How it Works: Detailed Explanation 🔶 Trend Strength Index (TSI) The TSI is a momentum oscillator that shows both the direction and strength of a trend. It is calculated by comparing the price movement with the bar index over a specified period. The formula for TSI is as follows: ``` TSI = (PC / |PC|) where: PC = Change in price over the period ``` In this strategy, TSI is calculated using the closing prices and a default period of 64 bars. The TSI values help identify overbought and oversold conditions, providing signals for potential market reversals. 🔶 SuperTrend Indicator The SuperTrend is a trend-following indicator based on the average true range (ATR). It helps in identifying the direction of the market trend. The SuperTrend calculation involves: ``` SuperTrend = HLC3 ± (Factor * ATR) where: HLC3 = (High + Low + Close) / 3 Factor = User-defined multiplier ATR = Average True Range over a period ``` The SuperTrend settings in this strategy include a length of 10 bars and a factor of 3.0. Last Bull Cycle of BTC 🔶 Entry and Exit Conditions The strategy uses the TSI and SuperTrend together to determine entry and exit points: - Long Entry: When the SuperTrend indicates a downward trend (st.d < 0) and the TSI is above the oversold level (-0.241). - Long Exit: When the SuperTrend indicates an upward trend (st.d > 0) and the TSI is below the overbought level (0.241). - Short Entry: When the SuperTrend indicates an upward trend (st.d > 0) and the TSI is below the overbought level (0.241). - Short Exit: When the SuperTrend indicates a downward trend (st.d < 0) and the TSI is above the oversold level (-0.241). █ Trade Direction The strategy allows users to select the trade direction through the `tradeDirection` input. The options are: - Both: Enables both long and short trades. - Long: Enables only long trades. - Short: Enables only short trades. █ Default Settings - TSI Length: 64 - SuperTrend Length: 10 - SuperTrend Factor: 3.0 - Trade Direction: Both - Take Profit (%): 30.0 - Stop Loss (%): 20.0 Impact of Default Settings - TSI Length: A longer TSI period smooths out noise but may lag in identifying trends. A shorter period is more responsive but can generate false signals. - SuperTrend Length: A shorter length provides quicker signals but can be prone to whipsaws. A longer length is more reliable but may delay entries and exits. - SuperTrend Factor: A higher factor increases the distance of the SuperTrend from the price, reducing sensitivity to minor price fluctuations. - Trade Direction: Allows flexibility in trading strategies by enabling both long and short trades based on market conditions. - Take Profit and Stop Loss: These settings manage risk by automatically closing trades at predefined profit or loss levels. Higher percentages provide larger potential gains but also higher risk.
Strategi Pine Script®
oleh PresentTrading
Heikin Ashi TSI and OTT [Erebor]TSI (True Strength Index) The TSI (True Strength Index) is a momentum-based trading indicator used to identify trend direction, overbought/oversold conditions, and potential trend reversals in financial markets. It was developed by William Blau and first introduced in 1991. Here's how the TSI indicator is calculated: • Double Smoothed Momentum (DM): This is calculated by applying double smoothing to the price momentum. First, the single smoothed momentum is calculated by subtracting the smoothed closing price from the current closing price. Then, this single smoothed momentum is smoothed again using an additional smoothing period. • Absolute Smoothed Momentum (ASM): This is calculated by applying smoothing to the absolute value of the price momentum. Similar to DM, ASM applies a smoothing period to the absolute value of the difference between the current closing price and the smoothed closing price. • TSI Calculation: The TSI is calculated as the ratio of DM to ASM, multiplied by 100 to express it as a percentage. Mathematically, TSI = (DM / ASM) * 100. The TSI indicator oscillates around a centerline (typically at zero), with positive values indicating bullish momentum and negative values indicating bearish momentum. Traders often look for crossovers of the TSI above or below the centerline to identify shifts in momentum and potential trend reversals. Additionally, divergences between price and the TSI can signal weakening trends and potential reversal points. Pros of the TSI indicator: • Smoothed Momentum: The TSI uses double smoothing techniques, which helps to reduce noise and generate smoother signals compared to other momentum indicators. • Versatility: The TSI can be applied to various financial instruments and timeframes, making it suitable for both short-term and long-term trading strategies. • Trend Identification: The TSI is effective in identifying the direction and strength of market trends, helping traders to align their positions with the prevailing market sentiment. Cons of the TSI indicator: • Lagging Indicator: Like many momentum indicators, the TSI is a lagging indicator, meaning it may not provide timely signals for entering or exiting trades during rapidly changing market conditions. • False Signals: Despite its smoothing techniques, the TSI can still produce false signals, especially during periods of low volatility or ranging markets. • Subjectivity: Interpretation of the TSI signals may vary among traders, leading to subjective analysis and potential inconsistencies in trading decisions. Overall, the TSI indicator can be a valuable tool for traders when used in conjunction with other technical analysis tools and risk management strategies. It can help traders identify potential trading opportunities and confirm trends, but it's essential to consider its limitations and incorporate additional analysis for more robust trading decisions. Heikin Ashi Candles Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open , high low , and close prices of the underlying asset. Now, let's introduce a new parameter, period, which will determine how many periods are considered in the calculation of the HA candles. This period parameter will affect the smoothing and responsiveness of the resulting candles. In this modification, instead of considering just the current period, we're averaging or aggregating the prices over a specified number of periods . This will result in candles that reflect a longer-term trend or sentiment, depending on the chosen period value. For example, if period is set to 1, it would essentially be the same as traditional Heikin Ashi candles. However, if period is set to a higher value, say 5, each candle will represent the average price movement over the last 5 periods, providing a smoother representation of the trend but potentially with delayed signals compared to lower period values. Traders can adjust the period parameter based on their trading style, the timeframe they're analyzing, and the level of smoothing or responsiveness they prefer in their candlestick patterns. Optimized Trend Tracker The "Optimized Trend Tracker" is a proprietary trading indicator developed by TradingView user ANIL ÖZEKŞİ. It is designed to identify and track trends in financial markets efficiently. The indicator attempts to smooth out price fluctuations and provide clear signals for trend direction. The Optimized Trend Tracker uses a combination of moving averages and adaptive filters to detect trends. It aims to reduce lag and noise typically associated with traditional moving averages, thereby providing more timely and accurate signals. Some of the key features and applications of the OTT include: • Trend Identification: The indicator helps traders identify the direction of the prevailing trend in a market. It distinguishes between uptrends, downtrends, and sideways consolidations. • Entry and Exit Signals: The OTT generates buy and sell signals based on crossovers and direction changes of the trend. Traders can use these signals to time their entries and exits in the market. • Trend Strength: It also provides insights into the strength of the trend by analyzing the slope and momentum of price movements. This information can help traders assess the conviction behind the trend and adjust their trading strategies accordingly. • Filter Noise: By employing adaptive filters, the indicator aims to filter out market noise and false signals, thereby enhancing the reliability of trend identification. • Customization: Traders can customize the parameters of the OTT to suit their specific trading preferences and market conditions. This flexibility allows for adaptation to different timeframes and asset classes. Overall, the OTT can be a valuable tool for traders seeking to capitalize on trending market conditions while minimizing false signals and noise. However, like any trading indicator, it is essential to combine its signals with other forms of analysis and risk management strategies for optimal results. Additionally, traders should thoroughly back-test the indicator and practice using it in a demo environment before applying it to live trading. The following types of moving average have been included: "SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA", "HMA", "KAMA", "LSMA", "TRAMA", "VAR", "DEMA", "ZLEMA", "TSF", "WWMA". Thanks to the authors. Thank you for your indicator “Optimized Trend Tracker”. © kivancozbilgic Thank you for your programming language, indicators and strategies. © TradingView Kind regards. © Erebor_GIT
Indikator Pine Script®
oleh Erebor_GIT
4
SMIIO + VolumeThis indicator generates long and short signals. The operation of the indicator is as follows; First, true strength index is calculated with closing prices. We call this the "ergodic" curve. Then the average of the ergodic (ema) is calculated to obtain the "signal" curve. To calculate the "oscillator", the signal is subtracted from ergodic (oscillator = ergodic - signal). The last variable to be used in the calculation is the average volume, calculated with sma. Calculation for long signal; - If the ergodic curve cross up the zero line (ergodic > 0 AND ergodic < 0) and, - If the current oscillator is greater than the previous oscillator (oscillator > oscillator ) and, - If the current ergonic is greater than the previous signal (ergonic > signal) and, - If the current volume is greater than the average volume (volume > averageVolume) and, - If the current candle closing price is greater than the opening price (close > open) If all the above conditions are fullfilled, the long input signal is issued with "Buy" label. Calculation for short signal; - If the ergodic curve cross down the zero line (ergodic < 0 AND ergodic > 0) and, - If the current oscillator is smaller than the previous oscillator (oscillator < oscillator ) and, - If the current ergonic is smaller than the previous signal (ergonic < signal) and, - If the current volume is greater than the average volume (volume > averageVolume) and, - If the current candle closing price is smaller than the opening price (close < open) If all the above conditions are fullfilled, the short input signal is issued with "Sell" label.
Indikator Pine Script®
oleh iilter
4
TSI Market Timer + Volatility MeterThis is the TSI Market Timer. It is years in the making and it is comprised of four indicators in one. The stock (or source) is run through an indicator called the True Strength Indicator with settings(5,15) , then the TSI is run on both the Index(SPY) by default and what I call a Trigger line which is basically the TSI applied to the DXY (US Dollar Index). Midline Volatility Indicator: Lastly, we have a volatility indicator on the midline. The colors of the midline indicate levels of volatility. For the lowest volatility in the last 100 days, the dot turns dark blue. For the lowest volatility in 30 days, the dot turns aqua. For regular volatility, it remains orange. And last, for higher volatility of the last 100 days, it turns red. These are more or less arbitrary but they do come in handy. Settings for Green/Red Shading: Next on the indicator are the settings. You can toggle a color change between the stock/source and the index(spy). If the stock/source is greater than the index, it will color the area in between a green and if it is below the index, it will be red. There is also a toggle for the stock/source and the trigger/DXY. This will also show green when the stock is above the trigger and red if it is below the trigger. By turning on both of these, you get light green and dark green areas as well as red and darker red areas. The lighter green represent when the stock is above both the index and the trigger and conversely for the red areas. Settings for vertical line crossings: When the stock crosses the trigger/dxy line, it shows a green vertical line signal. When the stock crosses below the trigger/dxy, a red vertical line is shown. You can turn these off by toggling them in the settings. Stacked Condition: Lastly, we have a "stacked condition" which shows up as a white triangle at the bottom when the condition of the stock being above the index and the trigger below the zero line. New Highs: If you see the stock line turn lime green, this indicates a new high was reached for the last 255 days/periods. This is like a new 52 week high signal. Note: This indicator is made mostly for the stock market. It may work ok during the week for crypto but using the trigger/dxy and index lines on the weekends doesn't work too well as they will be flat. Also note that this indicator is not a recommendation to buy or sell any stock/instrument. It is only a study of market conditions. Any analysis should be followed up with volume analysis or other confirming indicators.
Indikator Pine Script®
oleh SpreadEagle71
GP - Long Short ScannerThis script is made to predict the point at which price-time charts will rise or fall. The script was inspired by the RSI and TSI formulas. The formula is simply; Calculates the RSI and TSI values ​​of open, high, low and close. Calculated values ​​are converted to an array. The maximum and minimum values ​​in the array are taken for the candles included in the calculation. These values ​​calculate the time when the "Long" label will be seen on the chart of the candle that will increase the price. At the same time, it calculates the time when the "Short" label will appear on the chart of the candle that will decrease the price. Although these calculations are not precise; Seeing the “Long” label means that the price will rise at that candle, and seeing the “Short” label means that the price will decrease at that candle. The “Long”, “Short” tags from this script alone should not be used to determine the direction of the price. It can be used on all price-time charts.
Indikator Pine Script®
oleh gokhanpirnal
3
Machine Learning Momentum Oscillator [ChartPrime]The Machine Learning Momentum Oscillator brings together the K-Nearest Neighbors (KNN) algorithm and the predictive strength of the Tactical Sector Indicator (TSI) Momentum. This unique oscillator not only uses the insights from TSI Momentum but also taps into the power of machine learning therefore being designed to give traders a more comprehensive view of market momentum. At its core, the Machine Learning Momentum Oscillator blends TSI Momentum with the capabilities of the KNN algorithm. Introducing KNN logic allows for better handling of noise in the data set. The TSI Momentum is known for understanding how strong trends are and which direction they're headed, and now, with the added layer of machine learning, we're able to offer a deeper perspective on market trends. This is a fairly classical when it comes to visuals and trading. Green bars show the trader when the asset is in an uptrend. On the flip side, red bars mean things are heading down, signaling a bearish movement driven by selling pressure. These color cues make it easier to catch the sentiment and direction of the market in a glance. Yellow boxes are also displayed by the oscillator. These boxes highlight potential turning points or peaks. When the market comes close to these points, they can provide a heads-up about the possibility of changes in momentum or even a trend reversal, helping a trader make informed choices quickly. These can be looked at as possible reversal areas simply put. Settings: Users can adjust the number of neighbours in the KNN algorithm and choose the periods they prefer for analysis. This way, the tool becomes a part of a trader's strategy, adapting to different market conditions as they see fit. Users can also adjust the smoothing used by the oscillator via the smoothing input.
Indikator Pine Script®
oleh ChartPrime
10
True Strength [PINESCRIPTLABS]This indicator is an implementation of the "True Strength Index" (TSI) developed by PINE_LABS for the Pine Script trading platform on TradingView. The True Strength Index is a technical indicator used to measure the strength and direction of a trend in a financial asset. Here's an explanation of how this particular indicator works: Buy Signal: A buy signal is generated when the value of the True Strength Index (TSI) falls at or below the specified buy_tsi_value. This indicates a potential buying opportunity as the TSI suggests that the asset might be oversold or experiencing a potential reversal. When this condition is met, a green triangle shape is plotted below the corresponding price bar, indicating a potential buy signal. Sell Signal: Conversely, a sell signal is generated when the value of the TSI rises to or above the specified sell_tsi_value. This implies a potential selling opportunity as the TSI indicates that the asset might be overbought or facing a possible reversal. When this condition is met, a red triangle shape is plotted above the corresponding price bar, indicating a potential sell signal. Note: When we observe that the value of TSI (blue line) crosses above our parameter called TSI Sell (red Plot) it will open a sell operation, and on the contrary when our TSI (blue line) crosses below our TSI parameter ( Green Plot) will open a buy trade. Este indicador es una implementación del "True Strength Index" (TSI) desarrollada por PINE_LABS para la plataforma de trading de Pine Script en TradingView. El True Strength Index es un indicador técnico que se utiliza para medir la fuerza y la dirección de una tendencia en un activo financiero. Aquí hay una explicación de cómo funciona este indicador en particular: Señal de Compra: Una señal de compra se genera cuando el valor del Índice de Fuerza Verdadera (TSI) cae igual o por debajo del valor especificado en buy_tsi_value. Esto indica una posible oportunidad de compra, ya que el TSI sugiere que el activo podría estar sobrevendido o experimentando una reversión potencial. Cuando se cumple esta condición, se traza un triángulo verde debajo de la barra de precios correspondiente, indicando una posible señal de compra. Señal de Venta: Por otro lado, se genera una señal de venta cuando el valor del TSI sube igual o por encima del valor especificado en sell_tsi_value. Esto implica una posible oportunidad de venta, ya que el TSI indica que el activo podría estar sobrecomprado o enfrentando una posible reversión. Cuando se cumple esta condición, se traza un triángulo rojo encima de la barra de precios correspondiente, indicando una posible señal de venta. Nota: Cuando observamos que el valor de TSI ( linea azul) , cruza por arriba de nuestro parámetro llamado TSI Sell ( Plot rojo) abrirá una operacion de venta, y por el contrario cuando nuestro TSI ( linea azul) cruza por abajo de nuestro parámetro TSI ( Plot Verde) abrirá una operacion de compra.
Indikator Pine Script®
oleh PINE_LABS
1
Stochastic Momentum Index (SMI) of Money Flow Index (MFI)"He who does not know how to make predictions and makes light of his opponents, underestimating his ability, will certainly be defeated by them." (Sun Tzu - The Art of War) ▮ Introduction The Stochastic Momentum Index (SMI) is a technical analysis indicator that uses the difference between the current closing price and the high or low price over a specific time period to measure price momentum. On the other hand, the Money Flow Index (MFI) is an indicator that uses volume and price to measure buying and selling pressure. When these two indicators are combined, they can provide a more comprehensive view of price direction and market strength. ▮ Improvements By combining SMI with MFI, we can gain even more insights into the market. One way to do this is to use the MFI as an input to the SMI, rather than just using price. This means we are measuring momentum based on buying and selling pressure rather than just price. Another way to improve this indicator is to adjust the periods to suit your specific trading needs. ▮ What to look When using the SMI MFI indicator, there are a few things to look out for. First, look at the SMI signal line. When the line crosses above -40, it is considered a buy signal, while the crossing below +40 is considered a sell signal. Also, pay attention to divergences between the SMI MFI and the price. If price is rising but the SMI MFI is showing negative divergence, it could indicate that momentum is waning and a reversal could be in the offing. Likewise, if price is falling but the SMI MFI is showing positive divergence, this could indicate that momentum is building and a reversal could also be in the offing. In the examples below, I show the use in conjunction with the price SMI, in which the MFI SMI helps to anticipate divergences: In summary, the SMI MFI is a useful indicator that can provide valuable insights into market direction and price strength. By adjusting the timeframes and paying attention to divergences and signal line crossovers, traders can use it as part of a broader trading strategy. However, remember that no indicator is a magic bullet and should always be used in conjunction with other analytics and indicators to make informed trading decisions.
Indikator Pine Script®
oleh andre_007
57
Stochastic Momentum Index (SMI) Refurbished▮Introduction Stochastic Momentum Index (SMI) Indicator is a technical indicator used in technical analysis of stocks and other financial instruments. It was developed by William Blau in 1993 and is considered to be a momentum indicator that can help identify trend reversal points. Basically, it's a combination of the True Strength Index with a signal line to help identify turning points in the market. SMI uses the stochastic formula to compare the current closing price of an asset with the maximum and minimum price range over a specific period. He then compares this ratio to a short-term moving average to create an indicator that oscillates between -100 and +100. When the SMI is above 0, it is considered positive, indicating that the current price is above the short-term moving average. When it is below 0, it is considered negative, indicating that the current price is below the short-term moving average. Traders use the SMI to identify potential trend reversal points. When the indicator reaches an extreme level above +40 or below -40, a trend reversal is possible. Furthermore, traders also watch for divergences between the SMI and the asset price to identify potential trading opportunities. It is important to remember that the SMI is a technical indicator and as such should be used in conjunction with other technical analysis tools to get a complete picture of the market situation. ▮ Improvements The following features were added: 1. 7 color themes, for TSI, Signal and Histogram. 2. Possibility to customize moving average type for TSI/Signal. 3. Dynamic Zones. 4. Crossing Alerts. 5. Alert points on specific ranges. 5. Coloring of bars according to TSI/Signal/Histogram. ▮ Themes Examples: ▮ About Dynamic Zones 'Most indicators use a fixed zone for buy and sell signals. Here's a concept based on zones that are responsive to the past levels of the indicator.' The concept of Dynamic Zones was described by Leo Zamansky ( Ph .D.) and David Stendahl, in the magazine of Stocks & Commodities V15:7 (306-310). Basically, a statistical calculation is made to define the extreme levels, delimiting a possible overbought/oversold region. Given user-defined probabilities, the percentile is calculated using the method of Nearest Rank. It is calculated by taking the difference between the data point and the number of data points below it, then dividing by the total number of data points in the set. The result is expressed as a percentage. This provides a measure of how a particular value compares to other values in a data set, identifying outliers or values that are significantly higher or lower than the rest of the data. ▮ What to look for 1. Divergences/weakening of a trend/reversal: 2. Supports, resistances, pullbacks: 3. Overbought/Oversold Points: ▮ Thanks and Credits - TradingView and PineCoders: for SMI and Moving Averages - allanster: for Dynamic Zones
Indikator Pine Script®
oleh andre_007
26