Regression Channel + Levels + RSI Divergence

il y a 12 heures

Description:
This multi-tool script combines a regression channel, pivot levels, RSI divergence, and trade signals with a fakeout filter to help traders identify high-probability setups.
Key Features:
Regression Channel: Linear regression with smoothed upper, middle, and lower bands to highlight trend and volatility.
Ultra Strong Levels: Detects key pivot highs and lows, acting as reliable support/resistance zones.
RSI Divergence: Identifies bullish and bearish divergences for potential reversals.
Trade Signals with Fakeout Filter:
LONG ✔ for bullish setups
SHORT ✔ for bearish setups
WAIT ✖ when conditions are not favorable
Avoids false signals by filtering short-term spikes and RSI extremes.
Info Table: Displays RSI, divergence type, and current trade signal for quick reference.
Inputs:
Regression Window (bars for regression)
Pivot Strength (bars for pivot detection)
Minimum Distance Between Levels (%)
Max Levels Up/Down
RSI Length
Usage:
Use the regression channel to gauge trend direction.
Treat pivot levels as strong support/resistance.
Confirm RSI divergences and trade signals before executing trades.
Best used in conjunction with volume and price action analysis.

il y a 2 heures

Notes de version

Description:
The H1 Pro Regression Channel indicator combines multiple powerful technical analysis tools into a single, intuitive overlay for TradingView. It is designed for intraday traders who want clear visual signals for potential entries and exits on a 1-hour timeframe.
Features:
Regression Channel: Automatically calculates a linear regression channel over the selected period, providing dynamic support, resistance, and trend guidance.
Strong Pivot Levels: Detects significant swing highs and lows, ensuring key levels are highlighted on the chart. Levels are filtered to avoid clutter and overlap.
RSI Filter: Integrates RSI (Relative Strength Index) to confirm trend strength and momentum, improving signal reliability.
Intraday Signal Engine: Provides LONG and SHORT signals based on price position relative to the regression channel, pivot levels, candle momentum, and trend direction. Signals are clearly displayed with labels on the chart.
Level Proximity Alerts: Highlights when price approaches significant support or resistance, allowing traders to anticipate potential reactions.
Visual Table: Displays current RSI and trade signal in a table for quick reference.
Usage:
Use on 1-hour charts for intraday trading.
LONG signals appear when price approaches support (lower channel) with bullish momentum and confirmed RSI conditions.
SHORT signals appear when price approaches resistance (upper channel) with bearish momentum and confirmed RSI conditions.
Ideal for trend-following or mean-reversion strategies combined with other technical tools.
Inputs:
Regression Window (length for linear regression)
Pivot Strength (sensitivity for swing highs/lows)
Minimum Level Distance (%)
Maximum Levels to Display
Level Proximity (%) for alerts

il y a 16 minutes

Notes de version

This indicator combines advanced technical analysis tools to help traders identify high-probability trade setups on the H1 timeframe:
Regression Channel: Automatically plots the linear regression channel with dynamic upper, lower, and middle lines to visualize trend direction and potential support/resistance zones.
Strong Levels: Detects significant pivot highs and lows, highlighting key levels where price may react.
RSI Filter: Incorporates the 14-period RSI to gauge momentum and avoid false signals.
H1 Signal Engine: Generates trade signals (LONG, SHORT, or WAIT) based on price proximity to strong levels, trend direction, and candlestick impulse. Signals are neatly displayed in a table for clear decision-making.
Clean Visuals: Channel lines and strong levels are plotted on the chart, while signals appear only in the table—no cluttered arrows or labels.