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Turbulence Fractal Scanner [JOAT]Turbulence Fractal Scanner Introduction The Turbulence Fractal Scanner is an advanced open-source volatility chaos prediction engine that combines ATR, Bollinger Band Width, Keltner Channels, Historical Volatility, and Squeeze detection into a unified volatility analysis system. This indicator measures market turbulence across multiple dimensions, creating a comprehensive volatility index that reveals expansion/contraction cycles, squeeze conditions, and breakout predictions. Unlike single-dimension volatility indicators, the Turbulence Fractal Scanner provides multi-layered volatility intelligence through percentile ranking, composite indexing, regime classification, and squeeze detection. The indicator is designed for traders who understand that volatility precedes price movement and that multi-dimensional volatility analysis provides early warning of significant market shifts. Why This Indicator Exists This indicator addresses the need for comprehensive volatility analysis that goes beyond simple ATR or Bollinger Bands. By combining five distinct volatility methodologies, it reveals: ATR Analysis: Average True Range measures actual price movement volatility Bollinger Band Width: Measures price dispersion relative to moving average Keltner Channels: ATR-based bands for volatility envelope detection Historical Volatility: Statistical measure of price returns volatility Squeeze Detection: Identifies when Bollinger Bands contract inside Keltner Channels Composite Volatility Index: Unified measure combining all five components Regime Classification: Categorizes volatility as Low, Normal, High, or Squeeze Breakout Prediction: Detects squeeze breakouts with directional bias Core Components Explained 1. ATR (Average True Range) Analysis ATR measures the average range of price movement: True Range: Maximum of (high - low), (high - previous close), (previous close - low) ATR Calculation: Moving average of true range over period (default 14) ATR Smoothing: Additional EMA smoothing (default 7) reduces noise ATR Percent: ATR divided by close, expressed as percentage ATR Percentile: ATR ranked against 100-bar history (0-100 scale) ATR percentile shows whether current volatility is high or low relative to recent history. High percentile (> 70) indicates elevated volatility, low percentile (< 30) indicates compressed volatility. 2. Bollinger Band Width Analysis BB Width measures price dispersion: Bollinger Bands: SMA ± (standard deviation × multiplier) BB Width: (Upper band - Lower band) / Middle band × 100 BB Width Percentile: Current width ranked against 100-bar history Narrow BB Width indicates low volatility and potential breakout setup. Wide BB Width indicates high volatility and potential mean reversion. 3. Keltner Channel Analysis Keltner Channels use ATR for volatility bands: Basis: EMA of close (default 20 periods) Range: ATR × multiplier (default 1.5) Upper/Lower: Basis ± Range Keltner Channels adapt to volatility changes and are used in squeeze detection. 4. Squeeze Detection Squeeze occurs when Bollinger Bands contract inside Keltner Channels: Squeeze On: BB Lower > KC Lower AND BB Upper < KC Upper Squeeze Off: Bands no longer contracted Squeeze Breakout: Transition from Squeeze On to Squeeze Off Breakout Direction: Determined by close comparison (close > close = bullish) Squeezes indicate extreme volatility compression. Breakouts from squeezes often lead to significant directional moves. 5. Historical Volatility (HV) Calculation HV measures statistical volatility of returns: Returns: Logarithmic price changes (log(close / close )) Standard Deviation: StdDev of returns over period (default 20) Annualization: Multiply by sqrt(252) for annual volatility (optional) HV Percentile: Current HV ranked against 100-bar history HV provides a statistical measure of actual price volatility, complementing the technical measures (ATR, BB Width). 6. Composite Volatility Index All three percentile measures are combined into a unified index: Volatility Index = (ATR Percentile + BB Width Percentile + HV Percentile) / 3 This composite index provides a balanced view of volatility across multiple methodologies. Values range from 0 (extremely low volatility) to 100 (extremely high volatility). 7. Volatility Regime Classification The indicator classifies volatility into four regimes: Squeeze (Priority): When squeeze is active, regardless of volatility index Low Volatility: Volatility Index < threshold (default 30) Normal Volatility: Volatility Index between low and high thresholds (30-70) High Volatility: Volatility Index > threshold (default 70) Regime classification helps traders adapt strategies to current volatility conditions. 8. Volatility Trend Analysis The indicator tracks volatility direction: Volatility Trend: 5-period SMA of Volatility Index Rising Volatility: Trend rising for 3+ consecutive bars Falling Volatility: Trend falling for 3+ consecutive bars Expansion: Volatility Index rising for 3+ consecutive bars Contraction: Volatility Index falling for 3+ consecutive bars Volatility trends help predict whether turbulence is increasing or decreasing. 9. Breakout Prediction System The indicator predicts breakouts from squeeze conditions: Squeeze Breakout: Detected when squeeze transitions from On to Off Direction: Bullish if close > close , bearish if close < close Volatility Confirmation: Best breakouts occur when Volatility Index < 40 (compressed) Breakouts from low volatility squeezes often lead to sustained directional moves. 10. Turbulence Shift Detection The indicator identifies regime changes: Regime Shift: When volatility regime changes (Low ↔ Normal ↔ High ↔ Squeeze) Anti-Overlap: Minimum 10 bars between shift signals High Vol Entry: Shift into High Volatility regime Low Vol Entry: Shift into Low Volatility regime Regime shifts provide early warning of changing market conditions. Visual Elements Volatility Index Line: Main line showing composite volatility with regime-based coloring (purple = squeeze, red = high, cyan = low, yellow = normal) Component Lines: Three thin lines showing ATR, BB Width, and HV percentiles Volatility Trend Line: Step-line showing smoothed volatility trend Threshold Lines: Horizontal lines at high (70) and low (30) thresholds, plus median (50) Zone Fills: Shaded areas above high threshold (red) and below low threshold (cyan) Squeeze Background: Purple background when squeeze is active Breakout Signals: Triangles marking squeeze breakouts (cyan = bullish, red/orange = bearish) Regime Shift Circles: Small circles marking regime transitions Information Dashboard: Displays regime, volatility index, ATR/BB/HV percentiles, squeeze status, volatility trend, expansion/contraction, breakout status, ATR/BB values, and overall signal How to Use This Indicator Step 1: Check Volatility Regime Monitor the dashboard for current regime (Squeeze, Low Vol, Normal, High Vol). Adapt strategy to regime. Step 2: Monitor Volatility Index Volatility Index < 30 = compressed (potential breakout setup) Volatility Index > 70 = elevated (potential mean reversion or continuation) Step 3: Watch for Squeeze Conditions Purple background indicates squeeze. Prepare for breakout when squeeze ends. Step 4: Identify Breakout Direction When squeeze breakout occurs, triangle color shows direction (cyan = bullish, red = bearish). Step 5: Check Volatility Trend Rising volatility = increasing turbulence, falling volatility = calming conditions. Step 6: Monitor Expansion/Contraction Expanding volatility often precedes strong moves. Contracting volatility suggests consolidation. Step 7: Use Regime Shifts as Alerts Shifts into High Vol or Low Vol regimes provide early warning of changing conditions. Best Practices Trade breakouts from squeeze conditions with low volatility index (< 40) Avoid trend-following strategies in high volatility regimes (> 70) Use low volatility regimes (< 30) to prepare for breakout setups Monitor all three components (ATR, BB, HV) for confirmation Rising volatility in low regime warns of impending breakout Falling volatility in high regime suggests consolidation ahead Combine with trend indicators - volatility shows when, trend shows direction Be cautious of false breakouts - wait for volatility confirmation Input Parameters ATR Configuration: ATR Length: Period for ATR calculation (default: 14) ATR Smoothing: EMA smoothing period (default: 7) Bollinger Bands: BB Length: Period for BB calculation (default: 20) BB Multiplier: Standard deviation multiplier (default: 2.0) Keltner Channels: KC Length: Period for KC basis (default: 20) KC Multiplier: ATR multiplier for bands (default: 1.5) Historical Volatility: HV Length: Period for HV calculation (default: 20) Annualize HV: Convert to annual volatility (default: enabled) Regime Thresholds: Low Volatility: Threshold for low regime (default: 30) High Volatility: Threshold for high regime (default: 70) Visual Configuration: Low/Normal/High/Squeeze Colors: Customizable regime colors Originality Statement This indicator is original in its comprehensive volatility analysis approach. While individual components (ATR, BB, KC, HV, Squeeze) are established concepts, this indicator is justified because: It combines five distinct volatility methodologies into a unified composite index Percentile ranking normalizes all components to a common 0-100 scale The regime classification system categorizes volatility conditions systematically Squeeze detection with breakout prediction provides actionable trading signals Volatility trend and expansion/contraction analysis predict volatility direction Turbulence shift detection identifies regime changes early The comprehensive dashboard presents all volatility dimensions simultaneously Disclaimer This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss. Volatility analysis does not guarantee profitable trades. Low volatility does not guarantee breakouts. High volatility does not guarantee reversals. Always use proper risk management and never risk more than you can afford to lose. -Made with passion by officialjackofalltrades
Pine Script® indicator
by officialjackofalltrades
Elite Strategy Strategy Overview: Bmm Liberty - Strategy Elite The Bmm Liberty - Strategy Elite is a professional-grade multi-timeframe (MTF) trend-following strategy designed for traders who prioritize high-confluence entries. By combining volatility-based signal detection with institutional trend filtering across six different timeframes, this strategy aims to capture high-probability swings while avoiding market noise. Core Logic & Methodology The strategy utilizes a layered approach to confirm market direction before executing a trade: Primary Signal (Supertrend Engine): The baseline entry is triggered by a direction change in a fine-tuned Supertrend (2.0, 1) calculation. This identifies immediate momentum shifts. The MTF Filter (The "Elite" Guard): To prevent "fakeouts," the strategy calculates the EMA (default 50-period) trend across six user-defined timeframes (ranging from 1m to Daily). A Long signal is only executed if the primary signal matches a user-defined minimum number of bullish MTF trends (e.g., 3 out of 6 timeframes must be bullish). A Short signal follows the same logic, requiring a majority bearish trend across the selected timeframes. Session & Directional Filters: Traders can restrict the strategy to specific trading windows (London, New York, or Custom) and choose to trade Long-only, Short-only, or both. Key Features Real-Time Data Dashboard: A comprehensive HUD in the bottom-right corner displays real-time metrics, including VWAP bias, RSI (14) levels, MACD trend status, and ATR-based risk values. Multi-Timeframe Heatmap: A dedicated MTF table in the top-right provides a visual "Trend Matrix," showing exactly which timeframes are Bullish, Bearish, or Neutral. Visual Risk Management: Upon entry, the script automatically plots dashed lines and labels for Take Profit 1 (RR1), Take Profit 2 (RR2), and Stop Loss, allowing for clear trade management. JSON-Ready Alert System: Built-in support for webhook automation. It sends a formatted JSON payload containing the License ID, Action, Ticker, Risk Value, and Price—ideal for integration with automated execution bots. Key Inputs Require Multi-TF Majority: Enable this to ensure signals only fire when the broader market trend aligns. Min Bullish/Bearish TFs: Customize how many timeframes must agree before a signal is valid (e.g., set to 5/6 for extreme conservatism). Trading Session: Filter trades to specific high-volume hours to avoid "chop" during the Asian session or bank holidays. EMA Trend Length: Adjust the lookback period for the MTF trend filters. How to Use Configure Timeframes: Set TF 1 through TF 6 to the intervals that matter most for your asset (e.g., Scalping: 1m, 3m, 5m, 15m, 1h, 4h). Define Confluence: Use the "Min counts" input to determine how much agreement you need from the broader market. Automate: Use the JSON alert toggle to connect the strategy to your preferred execution platform via webhooks. Disclaimer: Trading involves significant risk. This script is a technical analysis tool and does not guarantee profits. Past performance is not indicative of future results. Always backtest thoroughly on your specific pair and timeframe before trading live.
Pine Script® strategy
by denismwabu1
Elite Strategy Strategy Overview: Bmm Liberty - Strategy Elite The Bmm Liberty - Strategy Elite is a professional-grade multi-timeframe (MTF) trend-following strategy designed for traders who prioritize high-confluence entries. By combining volatility-based signal detection with institutional trend filtering across six different timeframes, this strategy aims to capture high-probability swings while avoiding market noise. Core Logic & Methodology The strategy utilizes a layered approach to confirm market direction before executing a trade: Primary Signal (Supertrend Engine): The baseline entry is triggered by a direction change in a fine-tuned Supertrend (2.0, 1) calculation. This identifies immediate momentum shifts. The MTF Filter (The "Elite" Guard): To prevent "fakeouts," the strategy calculates the EMA (default 50-period) trend across six user-defined timeframes (ranging from 1m to Daily). A Long signal is only executed if the primary signal matches a user-defined minimum number of bullish MTF trends (e.g., 3 out of 6 timeframes must be bullish). A Short signal follows the same logic, requiring a majority bearish trend across the selected timeframes. Session & Directional Filters: Traders can restrict the strategy to specific trading windows (London, New York, or Custom) and choose to trade Long-only, Short-only, or both. Key Features Real-Time Data Dashboard: A comprehensive HUD in the bottom-right corner displays real-time metrics, including VWAP bias, RSI (14) levels, MACD trend status, and ATR-based risk values. Multi-Timeframe Heatmap: A dedicated MTF table in the top-right provides a visual "Trend Matrix," showing exactly which timeframes are Bullish, Bearish, or Neutral. Visual Risk Management: Upon entry, the script automatically plots dashed lines and labels for Take Profit 1 (RR1), Take Profit 2 (RR2), and Stop Loss, allowing for clear trade management. JSON-Ready Alert System: Built-in support for webhook automation. It sends a formatted JSON payload containing the License ID, Action, Ticker, Risk Value, and Price—ideal for integration with automated execution bots. Key Inputs Require Multi-TF Majority: Enable this to ensure signals only fire when the broader market trend aligns. Min Bullish/Bearish TFs: Customize how many timeframes must agree before a signal is valid (e.g., set to 5/6 for extreme conservatism). Trading Session: Filter trades to specific high-volume hours to avoid "chop" during the Asian session or bank holidays. EMA Trend Length: Adjust the lookback period for the MTF trend filters. How to Use Configure Timeframes: Set TF 1 through TF 6 to the intervals that matter most for your asset (e.g., Scalping: 1m, 3m, 5m, 15m, 1h, 4h). Define Confluence: Use the "Min counts" input to determine how much agreement you need from the broader market. Automate: Use the JSON alert toggle to connect the strategy to your preferred execution platform via webhooks. Disclaimer: Trading involves significant risk. This script is a technical analysis tool and does not guarantee profits. Past performance is not indicative of future results. Always backtest thoroughly on your specific pair and timeframe before trading live.
Pine Script® strategy
by denismwabu1
1
OBV Linear Regression Multi-Slope [HYPR-run]DESCRIPTION: Three linear regression slopes fitted to On-Balance Volume. Measures whether accumulation or distribution is accelerating, decelerating, or reversing across short, medium, and long lookbacks simultaneously. Raw OBV tells you the cumulative direction of volume flow. Fitting a linear regression to it gives you the rate of change: the slope. Three slopes at different lookbacks show the structure of volume commitment. When all three agree, volume flow is structurally committed in one direction. When they disagree, the timeframes are in conflict. DISCOVERING EDGE Dual and triple slope alignment has proven to be a staple confirmation signal in our most reliable automated strategies for both entries and exits. When two or three independent lookbacks agree on the direction of volume flow, the commitment is structural, not noise. When alignment breaks, the first slope to flip tells you exactly where conviction cracked. We built this indicator to surface that alignment as a first-class signal rather than something you eyeball across separate panes. THREE LR SLOPES vs RAW OBV LINE Three slopes at different lookbacks show whether all timeframes of volume flow agree or conflict. Dual alignment (short + long) is the entry signal; triple (all three) confirms later for pyramids. When triple breaks, that's the exit. Values above 0.3 mean the slope is steeper than one standard deviation per bar (very strong trend). Sigma/bar above 0.1 means the slope is statistically strong; below 0.05 is weak. FEATURES - Three linear regression slope lines on OBV (short 9, medium 26, long 50) - Optional adaptive short lookback (ATR-scaled for low timeframes) - Slope alignment detection: dual (short+long) and triple (all three) - Universal angle normalization (slope/sigma x 45 degrees) - Sigma/Bar ratio: slope strength relative to OBV noise - Auto-adjusts all lookbacks by timeframe (weekly/monthly compress) - Webhook alerts on slope flip or triple alignment - Full bar filter rejects doji/wick-heavy bars - Dashboard with lookback, angle, and sigma/bar for all three lines HOW IT WORKS Linear regression calculates the best-fit line through OBV values over a lookback window. The slope of that line is the rate of volume flow. Positive slope = accumulation accelerating. Negative slope = distribution accelerating. The universal angle normalizes raw slope by OBV standard deviation so the dashboard reads consistently across any asset (BTC's OBV in millions, a low-cap's in thousands, same angle scale). UNIVERSAL ANGLE Slope divided by OBV standard deviation per bar, multiplied by 45. A value of 45 degrees means the slope equals one standard deviation per bar. Makes angle comparable across any asset and timeframe: 30 degrees on BTC means the same relative strength as 30 degrees on SOL. ALERT MODES Slope Flip: fires when selected lookback crosses zero. Negative to positive = accumulation starting (LONG). Positive to negative = distribution starting (SHORT). Triple Alignment: fires when all three slopes agree on direction. Fewer signals, higher conviction. Alert payload is built into the script as JSON; works with any webhook receiver. CREDITS On-Balance Volume: Joseph Granville, Granville's New Key to Stock Market Profits (1963)
Pine Script® indicator
by HYPR-run
Vikrant EMA Combo IndicatorGot it 👍 — here is a clean description you can directly copy & paste: ⸻ 📄 Indicator Description This indicator combines multiple technical tools to identify trend direction and entry opportunities. It uses Exponential Moving Averages (EMA) with default settings of 5, 13, 26, 50, and 200 to track short-term, medium-term, and long-term trends. These EMA values can be customized in the settings. The indicator provides two types of bullish signals based on EMA crossover: 1. Golden Crossover ( ** ) This signal appears when EMA 5 crosses above EMA 13 and EMA 13 crosses above EMA 26 in the same candle. It represents a strong bullish momentum and is considered a high-probability entry signal. 2. Simple Crossover ( + ) This signal appears when EMA 5 crosses above EMA 13 within the last two candles and EMA 13 crosses above EMA 26. It indicates an early or moderate bullish trend.
Pine Script® indicator
by vikrantpatange25
6 LINES 20/80 3 UP AND 3 DOWNThis indicator automatically plots 6 horizontal levels around the current price, based on the last three digits ending in 20 and 80. 3 levels for 20 and 3 levels for 80, arranged 3 above and 3 below the current price. Lines dynamically follow the price, adjusting automatically as the market moves up or down. Each line has a label showing the exact level, with configurable offset, color, and thickness. Designed for clear visualization of key price levels without clutter. Fully customizable: line colors, thickness, and label position. No alerts or extra calculations, lightweight and stable for real-time trading analysis. Use case: Ideal for traders who want to quickly identify price levels ending in 20 or 80, providing visual guidance for potential support and resistance around the current market price.
Pine Script® indicator
by j3alejandro33
Liberty - Manual Trading EditionBMM Liberty is a technical analysis indicator designed to assist chart-based market observation using trend alignment, multi-timeframe context, and risk level visualization. Methodology transparency The indicator applies commonly known technical analysis concepts such as moving-average trend comparison, breakout observation, and volume-based context. These analytical principles are widely available in public trading resources and TradingView community scripts. This implementation focuses on signal filtering structure, majority-based timeframe confirmation logic, visualization workflow, and alert configuration preferences defined by the author. Signal framework Directional signals are generated from an internal trend-state change model on the chart timeframe. Users may optionally enable a majority filter that requires a specified number of higher timeframes to show directional agreement before signals are displayed. Higher timeframe directional context is determined through exponential moving average comparisons. Multi-timeframe visualization A table is provided to display trend bias across several selectable timeframes. This feature is intended to help users visually assess market structure conditions and directional alignment. Volume and breakout context The indicator monitors relative volume conditions and price breakout behavior. When increased volume activity is detected across higher timeframes, the script highlights potential periods of elevated market activity for analytical reference. Background shading may also appear when high-volume breakout conditions are identified on the chart timeframe. Risk level plotting When directional conditions are met, the indicator plots: A reference entry level A stop-loss level derived from the internal trend model Multiple take-profit levels calculated using configurable risk-to-reward ratios These plotted levels are visual analytical tools and do not represent executed trades or guaranteed outcomes. Alerts and session filtering Alert conditions can be configured for directional signals, breakout conditions, and volatility-related activity. Users may also limit signal visibility and alerts to specific market sessions such as London or New York. Important considerations This script is an analytical charting aid and does not provide investment advice. Signals and plotted levels do not represent actual trade execution or performance results. Market conditions are dynamic and uncertain. Users are responsible for applying their own risk management and independent decision-making.
Pine Script® indicator
by denismwabu1
Correlation Regime [ThetaLoop]On a normal Tuesday, your five positions behave like five independent bets. Apple does its thing. Energy moves on oil. Banks react to yields. This is diversification doing its job. Then a tariff headline drops. Or the Fed surprises. Suddenly Apple, energy, and banks all fall in lockstep. Your five independent bets become one giant bet. Your risk just quintupled without you adding a single position. This is the correlation regime shift — the most dangerous invisible risk in any multi-position portfolio. This indicator makes it visible. What it measures Rolling correlation between your stock and a broad market benchmark (SPY by default, switchable to QQQ, IWM, or DIA). Correlation of 1.0 means perfect lockstep. Correlation of 0 means independent movement. Negative correlation means they move opposite. The four regimes HERDING (red, correlation above 0.80) — The stock is marching in lockstep with the market. Your position does not provide diversification. If you have multiple positions in herding mode simultaneously, you effectively have one concentrated directional bet. This is the regime where sector limits and position count limits fail to protect you. NORMAL (teal, correlation 0.30 to 0.80) — Typical market conditions. The stock is influenced by broad market moves but retains meaningful independent behavior. Standard diversification assumptions hold. INDEPENDENT (green, correlation 0 to 0.30) — Genuinely uncorrelated movement. This is where diversification actually works as advertised. Multiple positions in this regime genuinely reduce portfolio volatility. DIVERGENT (purple, negative correlation) — The stock moves opposite to the market. Rare for equities outside of specific hedging instruments. If you see this on a stock you are selling puts on, investigate why — it might signal something structural. The diversification score A single number from 0 to 100 that translates correlation into a practical assessment. 100 means fully independent (maximum diversification benefit). 0 means perfect herding (zero diversification benefit). Think of it as: "What percentage of this position's risk is actually independent from my other positions?" Rolling beta Shown as a yellow line (toggleable). Beta tells you how much this stock amplifies market moves. Beta 1.5 means a 1% SPY drop causes roughly a 1.5% drop in this stock. For put sellers, high beta + high correlation is the worst combination — you get amplified market moves with no diversification offset. Regime shift detection HERD markers (red triangles) appear when correlation surges rapidly — the moment diversification is breaking down in real time. FREE markers (green triangles) appear when correlation drops sharply — the stock is decoupling from the market. The Herd Streak counter tracks how many consecutive days correlation has been above the herding threshold. A streak above 10 days is a structural shift, not a temporary spike. How to use this for options selling Before opening a new position, check whether the stock is in herding mode. If it is, and your other positions are also herding, adding this position does not diversify your book — it concentrates it further. When the correlation regime shifts from normal to herding, your effective portfolio risk increases even though your positions have not changed. This is the time to reduce overall exposure, not because any individual position is bad, but because your portfolio is less protected than you think. Use the beta reading alongside correlation. Low correlation + low beta = defensive position that provides genuine diversification. High correlation + high beta = the position that will hurt most in a selloff. Settings Lookback Period (default 30) — Rolling window for correlation. Shorter reacts faster but is noisier. Benchmark — SPY (default), QQQ, IWM, or DIA. High/Low Correlation thresholds — Adjustable regime boundaries. Shift Detection — Window and threshold for identifying rapid correlation changes. Alerts Correlation Surge — Diversification is breaking down in real time. Herding Regime — Stock moving in lockstep with market. Independent Regime — Genuine diversification benefit detected. Prolonged Herding — Correlation elevated for 10+ consecutive days.
Pine Script® indicator
by ThetaLoop
Kevy Key Hour SetupKevy Key Hour Setup is a precision timing indicator built around the 3rd 5-minute candle of each hour as the primary directional trigger for NQ/MNQ futures and other liquid instruments. At the start of each new hour, the indicator draws a zone box around the first candle of that hour to establish the broader hourly context. At the 10-minute mark, the 3rd 5-minute candle begins forming — this is the key candle. Once it closes at the 15-minute mark, the zone is officially locked with high and low boundary lines, a 50% midline, color-coded range fill (red above mid, green below mid), price labels, and configurable profit targets above and below. Break signals fire the moment price closes outside the 3rd candle's range — a green LONG label below the bar on a topside break, a red SHORT label above the bar on a downside break. A max range filter prevents signals from firing on wide, choppy candles. Two sets of offset lines above and below the hourly candle high/low provide additional entry and trigger reference levels. Built-in alerts: 🕐 New Hour Open — prep for the setup ✅ Zone Set at 15-min mark — 3rd candle closed, zone is live 🟢 LONG Trigger — close broke above 3rd candle high 🔴 SHORT Trigger — close broke below 3rd candle low The Market Has a Rhythm Every hour, institutional algorithms and market makers reset. The first 10 minutes of each hour (:00-:10) is the initial price discovery phase — market makers are feeling out where liquidity sits, running stops, and establishing the opening range for that hour. This is noise. You don't want to trade it. The 3rd Candle Is the Tell The 3rd 5-minute candle (:10-:15) is where the market starts to reveal its hand. By the time the first two candles have printed, the initial volatility has settled and a cleaner directional bias is beginning to form. The high and low of that 3rd candle represent the first meaningful range where both buyers and sellers have had a fair chance to respond to the hour's opening move. It's not random — it's the first candle of the hour where smart money has had time to position. Why the Range Matters The high and low of the 3rd candle become your decision levels. Price respecting and holding above the midline signals buyer control. Price sitting below the midline signals seller control. When price breaks and closes outside the range entirely, it signals that one side has won the argument for that hour and a directional move is likely to follow. The break is not a prediction — it's a confirmation. The Max Range Filter If the 3rd candle is too wide, the setup is disqualified. A wide candle means the market was already volatile and indecisive during that window — the range is too sloppy to use as a clean trigger. A tight, well-defined range produces a higher quality setup because the risk is defined and the breakout is more decisive. The Offset Lines The offset lines above and below the hourly candle give you a buffer zone around the key levels. Price often pokes through a level before committing, so the offset lines help you avoid getting triggered by a wick and instead wait for a more meaningful push through the level. The Hourly Box The hourly box drawn at the open of each hour gives you the broader context — it shows you where the market started the hour and how far price has moved relative to that opening candle. If the 3rd candle break aligns with price moving away from the hourly open in the same direction, that's added confluence. The Bottom Line The setup works because it's built on market structure that repeats every hour across liquid instruments. Institutions operate on schedules, algorithms reset on the hour, and liquidity cycles follow predictable rhythms. The 3rd candle is simply the first clean, unmanipulated read of where that hour wants to go — and the break of its range is your entry signal into that move.
Pine Script® indicator
by kevystocks
2
Hammer Candle Alert//@version=5 indicator("Hammer Candle Alert", overlay=true) // Body size body = math.abs(close - open) // Wick calculation upper_wick = high - math.max(close, open) lower_wick = math.min(close, open) - low // Hammer condition hammer = lower_wick > body * 2 and upper_wick < body // Mark on chart plotshape(hammer, style=shape.triangleup, location=location.belowbar, color=color.green) // Alert condition alertcondition(hammer, title="Hammer Candle", message="Hammer candle formed on 3m chart!")
Pine Script® indicator
by vaibhavaher9699
London Open ToolkitLondon Open Toolkit is a session-mapping indicator built for traders who want a simple, visual framework around the London open. It highlights the Asia session range, keeps only a user-defined number of recent session boxes on the chart, projects the latest completed Asia high and low forward, and adds a small set of key reference levels: Daily Open, Previous Day High, and Previous Day Low. An optional moving average can also be displayed as a trend filter. What it does This script is designed to make the chart easier to read before and during the London session by focusing on a few practical reference points instead of trying to generate fully automated trade signals. It shows: The Asia session as a shaded box The Asia session high and low An optional Asia midpoint A forward projection of the most recently completed Asia high and low Optional projected Daily Open, Previous Day High, and Previous Day Low An optional EMA or SMA filter A compact dashboard showing session state and simple directional context The goal is to give a clean framework for studying liquidity around the London open, especially around the most recent Asia range. How it works The script uses a user-defined Asia session and time zone. While the session is active, it builds the high and low of that range in real time. When the session ends, the box and its range lines are fixed in place. The script keeps only the last N Asia sessions visible, where N is chosen by the user. The latest completed Asia range can then be projected forward so the most relevant session high and low remain visible for the active trading day. For higher-time-frame context, the script fetches: Daily Open Previous Day High Previous Day Low These are projected forward in a cleaner style rather than drawn across large sections of chart history. This is intended to reduce clutter and keep the focus on current price action. Why this version is intentionally simple This indicator does not attempt to auto-detect sweep entries, reclaim candles, or trade setups. That logic was intentionally removed to keep the tool focused on chart structure and session reference levels. It is best used by traders who prefer to interpret the interaction between price and key levels themselves. Inputs Key settings include: Time zone: used for session calculations Asia Session: defines the boxed session Keep last N days: controls how many Asia session boxes remain visible Show Asia range box / high / low / midpoint Project latest Asia range forward Project Daily Open / Previous Day High / Previous Day Low EMA/SMA type and length Show Asia session label These settings allow the script to stay focused on the latest session structure while keeping historical clutter under control. How to use it A common way to use the script is: Let the Asia session complete Use the projected Asia high and low as current-day reference levels Watch how price behaves around those levels into London Use Daily Open, Previous Day High, and Previous Day Low as additional context Optionally use the moving average as a simple trend filter This script is best treated as a visual session framework, not a standalone decision engine. Notes and limitations This is a chart-structuring tool, not a strategy or a promise of performance. It does not place trades or generate automatic alerts for entries. It is intended to help with observation and session mapping. Session behaviour can vary by market, symbol, and time zone settings, so users should confirm that their inputs match the market they trade. Open-source note This script is published so users can inspect the logic directly, understand how the session levels are built, and adapt the workflow for their own research. Trading View notes that open-source publications are governed by its script publishing rules and House Rules.
Pine Script® indicator
by OakleyJM
Gap Analyzer [ThetaLoop]Every stock has a gap personality. Some barely move overnight. Others routinely open 4% away from where they closed. Some gap up more than down. Others are the opposite. Some calm down quickly after a gap. Others stay volatile for weeks. You cannot see any of this on a standard candlestick chart. This indicator builds a complete statistical profile of how your stock behaves around overnight gaps — how often, how big, which direction, and what happens to volatility afterward. What it does Scans the entire visible price history for significant overnight gaps (open vs. previous close). Every gap that exceeds your size threshold gets logged, classified by direction, and analyzed for post-gap volatility behavior. The result is a table showing this stock's gap DNA. What the table shows Gap Profile — Overall classification. FREQUENT means this stock gaps often (20+ times per year). RARE means gaps are unusual events when they happen. Gaps Found — Total count and annualized frequency. "12 (5.2/yr)" means 12 gaps detected, roughly 5 per year. Direction — How many gaps went up vs. down. UPSIDE BIAS means this stock gaps up more often. DOWNSIDE BIAS means more gaps are to the downside. BALANCED means roughly even. Avg Size — Average absolute gap size across all detected events. Largest — The biggest gap up and gap down in the visible history. This is your worst-case reference. After Gap — What typically happens to volatility after this stock gaps. STRONG CRUSH means vol drops significantly (common for earnings-type events). VOL EXPANDS means gaps tend to trigger extended volatility (common for regime shifts or bad news). Vol Change — The average percentage change in realized volatility from gap day to the end of the post-gap window. Negative = vol decreased. Positive = vol increased. Crush Rate — What percentage of gaps led to a decrease in volatility afterward. Above 60% means gaps on this stock tend to be one-time events. Below 40% means gaps trigger sustained instability. Avg Drift — After the gap, does price tend to continue in the gap direction (momentum) or reverse (mean reversion)? Positive drift after gap-downs means the stock tends to recover. Negative drift means it keeps falling. Status — Where you are right now. JUST GAPPED, POST-GAP (with day count), or NORMAL. The chart Green triangles mark gap-up events. Red triangles mark gap-downs. Teal background zones show the post-gap observation window. The main plot shows either vol change, gap size, or post-gap drift as a time series (switchable). Why this matters for options sellers If you sell puts, gap-downs are your primary risk. Knowing that your stock gaps down on average 4.2% and does it roughly 6 times per year is directly actionable information. Compare that gap size to your buffer (strike distance from current price) — if your typical buffer is 5% and the average gap-down is 4.2%, you are cutting it close. The post-gap vol behavior tells you whether to hold or close after a gap event. If this stock has a high crush rate (vol drops after gaps), sitting tight is statistically the better move. If vol tends to expand after gaps, getting out quickly is wiser. The direction bias helps with strategy selection. A stock with strong upside gap bias is more suited for put selling (gaps tend to go in your favor). A stock with downside bias carries more overnight assignment risk. Important note on gap detection This indicator identifies gaps purely from price and volume data. It does not use an earnings calendar or news feed. A gap is a gap regardless of the cause — earnings, news, FOMC, analyst upgrades, tariff announcements, or random overnight moves. This is intentional. Your risk from a 5% gap-down is identical whether it came from earnings or a tweet. The statistical profile captures all of them. You can toggle volume confirmation on or off. With it on, only gaps accompanied by above-average volume are counted — this filters out thin overnight moves and catches events where real participation occurred. With it off, all gaps above the size threshold are counted regardless of volume. Settings Min Gap Size (default 3%) — Threshold for what counts as a significant gap. Adjust based on the stock. 3% is meaningful for a $100 large-cap. For a $15 small-cap, you might want 5%. Volume Confirmation (default on) — Require above-average volume on gap day. Volume Multiple (default 1.5x) — How much above average volume needs to be. Post-Gap Window (default 10) — How many days after a gap to measure vol behavior and price drift. Display Mode — Vol Change (default), Gap Size, or Post-Gap Drift as the main time series plot. Alerts Gap Down Detected — Significant downside gap. Check your put exposure. Gap Up Detected — Significant upside gap. Post-Gap Window Complete — Analysis period after last gap is finished.
Pine Script® indicator
by ThetaLoop
Killzones First 2 Hours - Bishkek//@version=5 indicator("Killzones First 2 Hours - Bishkek", overlay=true) // Настройка времени (UTC+6) // Первые 2 часа Лондона (14:00 - 16:00) is_london = not na(time(timeframe.period, "1400-1600", "GMT+6")) // Первые 2 часа Нью-Йорка (19:00 - 21:00) is_newyork = not na(time(timeframe.period, "1900-2100", "GMT+6")) // Заливка фона bgcolor(is_london ? color.new(#00bcd4, 90) : na, title="London First 2h") bgcolor(is_newyork ? color.new(#ff9800, 90) : na, title="NY First 2h")
Pine Script® indicator
by wamil291197
POC Indicator (True Volume Profile) (Tronly)Overview The POC Indicator (True Volume Profile) is a precision analysis tool designed to identify the most significant price levels based on traded volume. The core of this indicator is the Point of Control (POC) — the price level where the highest concentration of volume occurred during a specific period. Unlike standard lagging indicators, the "True Volume" algorithm provides a real-time map of market interest, allowing traders to see where "Big Money" is positioned. Key Features True Volume Calculation: Uses high-resolution volume data to build an accurate horizontal profile. Dynamic POC Tracking: Automatically identifies and highlights the dominant price level (POC) for the selected lookback period. Value Area (VA) Visualization: Clearly displays the range where a customizable percentage of volume (default 70%) was traded, helping to identify "fair value" zones. High/Low Volume Nodes: Assists in spotting areas of high liquidity (support/resistance) and low liquidity (price gaps). How to Use Support & Resistance: The POC acts as a powerful magnet. If price approaches the POC from above, it often serves as strong support. If from below, it acts as resistance. Market Sentiment: If the price is trading above the POC, the intraday sentiment is considered bullish. Below the POC, it is bearish. Mean Reversion: Large deviations from the POC often lead to a "return to value," where the price gravitates back toward the POC level. Breakout Confirmation: A strong move away from a high-volume POC often signals the start of a new trend.
Pine Script® indicator
by serhii_ksenych
XAUUSD Pro Momentum Indicator (Vikrant2511) //@version=5 indicator("XAUUSD Pro Momentum Indicator (Vikrant)", overlay=true) // ===== INPUTS ===== fastEMA_len = input.int(9, "Fast EMA") slowEMA_len = input.int(200, "Slow EMA") rsi_len = input.int(14, "RSI Length") adx_len = input.int(14, "ADX Length") bb_len = input.int(20, "BB Length") // ===== CALCULATIONS ===== fastEMA = ta.ema(close, fastEMA_len) slowEMA = ta.ema(close, slowEMA_len) rsi = ta.rsi(close, rsi_len) // DMI / ADX = ta.dmi(adx_len, adx_len) // Bollinger Bands basis = ta.sma(close, bb_len) dev = ta.stdev(close, bb_len) upperBB = basis + 2 * dev lowerBB = basis - 2 * dev // ===== CONDITIONS ===== // EMA Cross bullCross = ta.crossover(fastEMA, slowEMA) bearCross = ta.crossunder(fastEMA, slowEMA) // Momentum Filter strongBull = rsi > 60 and adx > 15 and plusDI > minusDI strongBear = rsi < 40 and adx > 15 and minusDI > plusDI // BB Filter bbBull = close > basis bbBear = close < basis // FINAL SIGNAL buySignal = bullCross and strongBull and bbBull sellSignal = bearCross and strongBear and bbBear // ===== PLOTS ===== // EMAs plot(fastEMA, color=color.green, title="EMA 9") plot(slowEMA, color=color.red, title="EMA 200") // Signals plotshape(buySignal, location=location.belowbar, style=shape.labelup, color=color.green, text="BUY") plotshape(sellSignal, location=location.abovebar, style=shape.labeldown, color=color.red, text="SELL") // Background Trend bgcolor(strongBull ? color.new(color.green, 90) : na) bgcolor(strongBear ? color.new(color.red, 90) : na) // Alerts alertcondition(buySignal, title="BUY ALERT", message="XAUUSD BUY Signal") alertcondition(sellSignal, title="SELL ALERT", message="XAUUSD SELL Signal")
Pine Script® indicator
by vikrantpatange25
ICT Weekly ProfilesOverview ICT Weekly Profiles is an advanced analytical tool designed to map, classify, and quantify recurring weekly price behavior based on Inner Circle Trader (ICT) concepts. This indicator transforms raw price action into a structured weekly profile by identifying where the market forms its high, low, and directional bias, while also providing a statistical ranking of recurring patterns. The goal is simple: to help traders understand how the market tends to behave throughout the week and use that information to anticipate future movements. ------------------------------------------------------------------------------------ Core Concept Markets often follow recurring behavioral patterns during the week, such as: Tuesday High or Low formations Wednesday reversals Thursday consolidations Friday expansions This indicator automatically detects and classifies these behaviors into well-defined weekly profiles, allowing traders to identify the dominant market structure. Weekly Profile Structure Each week is represented visually through: ------------------------------------------------------------------------------------ 1. Price Range Box A box is drawn from the weekly high to the weekly low. Bullish profiles are highlighted in green Bearish profiles are highlighted in red This provides a clear visual representation of the weekly range and directional bias. ------------------------------------------------------------------------------------ 2. Market Structure Lines The weekly movement is broken down into three segments: Open → High → Low → Close or Open → Low → High → Close This reveals the order of price events, which is critical in ICT-style analysis. ------------------------------------------------------------------------------------ 3. Profile Label Each week is labeled according to its behavior, for example: Classic Tuesday Low of the Week Wednesday High of the Week Consolidation Thursday Bullish Reversal These labels describe how the market formed its structure during the week. ------------------------------------------------------------------------------------ Profile Classification Logic The indicator classifies each week based on the day where the high and low occur. Bullish Profiles Tuesday Low of the Week Wednesday Low of the Week Thursday Bullish Reversal Midweek Rally Bearish Profiles Tuesday High of the Week Wednesday High of the Week Thursday Bearish Reversal Midweek Decline This classification reflects institutional accumulation and distribution behavior. ------------------------------------------------------------------------------------ Live Mode (Real-Time Analysis) While the week is still active, the indicator dynamically updates: Current weekly high and low Structure lines Active profile classification The label is displayed as (LIVE) until the week closes. ------------------------------------------------------------------------------------ Statistical Ranking System One of the most powerful features of this indicator is its built-in ranking system. It tracks: Total number of analyzed weeks Frequency of each profile Percentage occurrence Typical day where the high or low forms This transforms the indicator from a visual tool into a quantitative decision-making system. ------------------------------------------------------------------------------------ Timezone Flexibility The indicator allows you to select different timezones: London New York Tokyo This ensures accurate session alignment and correct weekly structure depending on the market being analyzed. ------------------------------------------------------------------------------------ Market Sessions Visualization Optional session tracking is included: Asia London New York Features: Session markers (dots) Session labels Optional background coloring This helps identify where liquidity and volatility are concentrated during the week. ------------------------------------------------------------------------------------ Market Open Filter The script automatically filters out periods when the market is closed: After Friday 17:00 New York time Before Sunday 17:00 New York time This prevents distorted data and improves accuracy. ------------------------------------------------------------------------------------ Customization Options Users can customize: Box colors (bullish / bearish) Text and line colors Ranking table position Session visualization settings Transparency levels ------------------------------------------------------------------------------------ Practical Usage This indicator can be used to: Identify dominant weekly patterns Anticipate where highs or lows are likely to form Establish directional bias early in the week Improve timing when combined with liquidity or structure-based strategies ------------------------------------------------------------------------------------ Strengths Based on institutional trading concepts (ICT) Combines structure and statistics Works across all markets (Forex, Crypto, Indices) Provides both real-time and historical analysis Offers probabilistic insights through ranking ------------------------------------------------------------------------------------ Limitations Does not incorporate volume analysis Focuses on structural behavior rather than momentum strength Relies on OHLC data only ------------------------------------------------------------------------------------ Conclusion ICT Weekly Profiles is more than a visual indicator. It is a structured framework for understanding how the market behaves on a weekly basis. By combining pattern recognition with statistical validation, it helps traders answer key questions: Where is the market likely to form its high or low? Which weekly patterns are most frequent? What is the current institutional bias?
Pine Script® indicator
by RicardoNFT
SuperTrend + Dynamic Filter Alarm(DEMA Counter)This script uses SuperTrend along with DMI(DI+>DI- & ADX over 20) with price movement above DEMA200. Upon set up, it also raises alarm when all these conditions are met. Also, there is a counter that counts the candles closed above DEMA200 before the signal is generated. Paying attention to all price movements is utmost critical. Main driving indicator is SuperTrend which is very misleading during choppy price movements.
Pine Script® indicator
by umuryalcin