Bekas BASIC Indicator

3 oct.

Bekas BASIC Indicator combines dynamic trend-following and support/resistance techniques:

🔹 Dual Moving Averages (user-selectable type: SMA, EMA, WMA, HMA):
- Fast MA (default: 10)
- Slow MA (default: 50)
- Generates Buy/Sell signals on crossovers with optional volume confirmation.

🔹 Volume Filter:
- Only triggers signals when volume exceeds the average by a user-defined multiple.

🔹 Pivot-Based Support & Resistance:
- Detects recent swing highs/lows (default lookback: 10 bars).
- Draws horizontal purple lines as potential support/resistance zones.

🔹 Diagonal Trendlines:
- Draws lines from recent pivot high/low to current price.
- Shows evolving short-term uptrend/downtrend visually.

🔹 Alerts:
- Configurable alerts for Buy/Sell signals based on crossover + volume.

Ideal for spotting early trend shifts, bounce zones, and breakout opportunities.

3 oct.

Notes de version

Bekas BASIC Indicator combines dynamic trend-following and support/resistance techniques:

Dual Moving Averages (user-selectable type: SMA, EMA, WMA, HMA):
- Fast MA (default: 10)
- Slow MA (default: 50)
- Generates Buy/Sell signals on crossovers with optional volume confirmation.

Volume Filter:
- Only triggers signals when volume exceeds the average by a user-defined multiple.

Pivot-Based Support & Resistance:
- Detects recent swing highs/lows (default lookback: 10 bars).
- Draws horizontal purple lines as potential support/resistance zones.

Diagonal Trendlines:
- Draws lines from recent pivot high/low to current price.
- Shows evolving short-term uptrend/downtrend visually.

Alerts:
- Configurable alerts for Buy/Sell signals based on crossover + volume.

This indicator setup represents a basic toolkit of the key technical analysis tools I follow. I primarily rely on it to track moving averages, crossover signals, support and resistance levels, and trendlines. However, I only apply these technical indicators after identifying potential opportunities through fundamental analysis, such as company financials, sector performance, or macroeconomic drivers. In other words, fundamentals help me decide what to trade, while this technical framework helps me determine when to enter or exit positions with greater confidence.

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il y a 7 jours

Notes de version

This Pine Script v6 indicator, "Bekas BASIC Indicator", is a comprehensive multi-tool for technical analysis that overlays institutional-level signals on the price chart. It detects and visualizes bullish and bearish order blocks, fair value gaps (FVGs), liquidity grabs, and pivot-based trendlines, aiming to help traders identify high-probability entry zones. It also includes customizable moving averages with volume confirmation, generates buy/sell signals based on MA crossovers, and calculates market bias using a scoring system combining OB, FVG, MA slope, and recent liquidity events. A live bias panel on the chart summarizes the current state with context labels like “Inside Bullish OB” or “Recent Bearish FVG,” and plots alerts for key events such as bias flips or high-confluence setups. The script is designed to be mode-sensitive (Lite or Full), efficient with label/box memory, and suitable for both discretionary traders and quantitative analysts.

Dual Moving Averages (SMA, EMA, WMA, HMA options):
Fast MA (default: 10), Slow MA (default: 50)
Generates Buy/Sell signals on crossover, optionally filtered by volume.

Volume Confirmation:
Only triggers entries when volume exceeds the average by a user-defined multiplier (default: 1.5×).

Liquidity Grabs & Order Blocks:
Highlights bullish/bearish OB zones with real-time tracking of price taps.
Detects liquidity grab candles (false breakouts) to identify smart money behavior.

Fair Value Gaps (FVG):
Plots recent inefficiencies (imbalances) with confluence logic for high-probability setups.

Trendlines & Fibonacci Zones:
Auto-draws pivot-based diagonal trendlines (with expiration logic).
Displays Fibonacci Golden Zone for potential pullback levels.

Bias Engine + Confluence Panel:
Computes live bullish/bearish bias score based on OB, FVG, MA slope, and momentum.
Shows an analyst panel summarizing structure, context, confluence, and trends.



If you found this useful, feel free to drop by my LinkedIn page and say thank you!