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M-oscillator

Simple Volume Zone Oscillator - SVZO | TR🎯Overview SVZO | TR is a sophisticated volume-based momentum oscillator that combines volume analysis with price action to identify buying and selling pressure. It calculates the net volume flow relative to total volume over a specified period, providing clear signals for trend direction and potential reversals. Key Features 📊 Volume-Weighted Analysis Volume Zone Oscillator: Measures the balance between buying and selling volume Price-Volume Integration: Compares current typical price with previous period Smoothed Signal: Moving average applied for cleaner, more reliable signals 🎨 Advanced Visualization 8 Color Themes: Classic, Modern, Robust, Accented, Monochrome, Moderate, Aqua, Cosmic Dynamic Fill Zones: Multi-layer fills showing oscillator strength Price Bar Coloring: Candles change color based on SVZO signal Signal Markers: Clear entry signals on the price chart 📈 Complete Signal System Zero-Line Crossovers: Primary trading signals Zone Strength: Visual indication of buying/selling pressure intensity Real-Time Updates: Continuous calculation on each bar How It Works Calculation Logic Typical Price = (High + Low + Close) / 3 Volume Up = Volume when typical price increased Volume Down = Volume when typical price decreased SVZO = × 100 Smoothed Signal = Moving average of SVZO values Indicator Interpretation Positive Values (above 0): Buying pressure dominates (bullish) Negative Values (below 0): Selling pressure dominates (bearish) Magnitude: Larger absolute values indicate stronger pressure Crossovers: Zero-line crosses signal potential trend changes Display Options Visual Components Oscillator Line: Smoothed SVZO with color-coded direction Fill Zones: Multi-layer fills showing: Positive zone (green) Negative zone (red) Dynamic fill for current momentum Colored Candles: Price bars match oscillator direction Entry Signals: Triangles above/below bars for crossovers Value Labels: Current SVZO value at the end of the chart Color Themes (8 Options) Classic: Green/Red Modern: White/Purple Robust: Gold/Burgundy Accented: Purple/Pink Monochrome: Light Gray/Dark Gray Moderate: Forest Green/Red Aqua: Sky Blue/Orange Cosmic: Pink/Purple Trading Signals Entry Signals LONG: Smoothed SVZO crosses above zero line Triangle up below bar Bullish candle colors SHORT: Smoothed SVZO crosses below zero line Triangle down above bar Bearish candle colors Trend Confirmation Strong Bullish: SVZO > 30-50 range Strong Bearish: SVZO < -30 to -50 range Neutral: Values near zero line Divergence: Price vs SVZO direction mismatch Customization Settings Technical Parameters Length SVZO: Lookback period (default: 14) Smoothing: Moving average period (default: 3) MA Type: EMA, SMA, RMA, WMA, VWMA, or HMA Color Theme: 8 visual style options Alert System Zero-Line Cross Alerts: Notifications for bullish/bearish crossovers Custom Messages: Includes ticker symbol in alerts Real-Time Notifications: Instant updates on signal generation Benefits for Traders 🎯 Unique Volume Perspective Pure volume-based momentum measurement Not dependent on traditional price oscillators Captures institutional money flow 📊 Clear Visual System Multi-color themes for personal preference Integrated candle coloring for quick scanning Visual pressure zones for strength assessment ⚡ Practical Applications Trend Trading: Follow volume momentum Reversal Detection: Zero-line crosses Divergence Trading: Price vs volume momentum Confirmation Tool: Validate other indicators Ideal Usage Scenarios Best Market Conditions Trending markets with clear volume patterns Breakout confirmations Reversal identification Momentum trading strategies Timeframe Compatibility Works on all timeframes Particularly effective on intraday charts Adjustable parameters for different trading styles Perfect for traders who want to incorporate volume analysis into their trading system with clear, actionable signals. The SVZO provides a unique perspective on market dynamics by focusing on the volume behind price movements, making it especially valuable for identifying genuine breakouts and potential reversals before they appear on price charts.
Indicateur Pine Script®
par Tiagorocha1989
Linda Bradford Raschke 3-10-16 Anti StrategyLinda Bradford Raschke's famous "310" MACD variation (fast=3, slow=10, signal=16) adapted into a mechanical "Anti" pullback strategy. The "Anti" targets the first meaningful pullback after a sharp counter-trend move / potential trend exhaustion. Implemented logic: • LONG: Signal sloping up + MACD > 0 + recent MACD dip then hook up above signal • SHORT: Inverted logic Includes: • Optional ATR-based or fixed % SL/TP • Visual entry labels + background trend bias • Alerts for long/short setups Best used with discretion + proper risk management - backtest thoroughly before trade. Inspired by Linda Bradford Raschke's teachings. v6 • Open to improvements/suggestions.
Stratégie Pine Script®
par uzair2join
Indexed MACD OscillatorThis indicator transforms the traditional MACD histogram into a normalized 0-100 oscillator, making it easier to identify overbought and oversold conditions across different timeframes and instruments. The oscillator takes the MACD histogram (12/26/9 default settings) and rescales it based on its 100-period high and low range. This normalization allows for consistent interpretation regardless of price levels or volatility. Readings near 0 indicate extremely bearish momentum (MACD histogram at recent lows), while readings near 100 indicate extremely bullish momentum (MACD histogram at recent highs). The midpoint around 50 represents neutral momentum. Useful for: - Identifying overbought/oversold momentum extremes - Comparing momentum strength across different assets - Spotting divergences with price action - Timing entries/exits based on momentum extremes - Multi-timeframe momentum analysis
Indicateur Pine Script®
par northstarbadcharts
Distance % from smaThis indicator measures the percentage distance between the current price and its Simple Moving Average (SMA). It displays how far price has deviated above or below the moving average, expressed as a percentage. Default setting is a 36-period SMA, though this can be adjusted. The zero line (red) represents when price equals the SMA. Positive values indicate price is above the average, while negative values show price is below. The step line visualization makes it easy to identify overbought/oversold conditions and potential mean reversion opportunities. When the distance percentage reaches extreme levels, it often signals that price may be due for a pullback toward the mean. Useful for identifying: - Overbought/oversold conditions - Mean reversion setups - Trend strength measurement - Entry/exit timing based on deviation from average
Indicateur Pine Script®
par northstarbadcharts
Multi Divergence WALLDEMThe Multi Divergence Indicator is designed to identify price-oscillator divergences across eight common technical oscillators (RSI, MACD, Stochastic, CCI, Momentum, Williams %R, Awesome Oscillator, and OBV), helping traders spot potential reversals or continuations. The original version effectively draws lines and labels for detected divergences but lacks outputs compatible with TradingView's Pine Screener, leading to the error: "The indicator misses plots or alert conditions, have access restrictions, or another issue." This stems from Pine Screener's requirements for at least one plot() or alertcondition() to enable filtering and scanning across symbols. To resolve this, the fixed version incorporates several enhancements while maintaining the core logic of pivot detection using ta.pivotlow() and ta.pivothigh() with user-defined lookback periods (default: 5 left/right). Divergences are now separated into regular and hidden types for both bullish and bearish cases, aligning more closely with advanced divergence screeners like the provided example from Trendoscope. This separation uses distinct colors (green/lime for bullish regular/hidden, red/orange for bearish) and tooltips listing contributing oscillators. Detailed Changes and Rationale The updates focus on compatibility, usability, and granularity: Overlay Setting: Changed to overlay=false to treat it as a non-overlay indicator suitable for screeners (similar to the example). Drawings (lines/labels) use force_overlay=true to ensure they appear on the main chart pane. Divergence Separation: Instead of a single bull_count or bear_count, we now calculate: Regular bullish: Price makes lower low, but oscillator makes higher low. Hidden bullish: Price makes higher low, but oscillator makes lower low. Regular bearish: Price makes higher high, but oscillator makes lower high. Hidden bearish: Price makes lower high, but oscillator makes higher high. This is checked per oscillator if enabled via inputs, incrementing separate counters and building dedicated tooltips. Alert Conditions: Added alertcondition() calls when a divergence type's count > 0. This creates selectable alert conditions in TradingView's alert dialog and satisfies screener requirements. Messages include the tooltip for context (e.g., which oscillators contributed). Plots for Screening: Four new plot() statements output the counts (0 if no detection) with display = display.data_window. These appear in the data window and enable screener filters like "value > 0" or "value >= 3" (for strong signals from multiple oscillators). Plots are hidden from the chart to avoid clutter. No Impact on Performance: Calculations remain efficient, only triggering on confirmed pivots (delayed by lbR bars for accuracy). The max distance (maxDist) prevents outdated pivot comparisons. Oscillator-Specific Logic Each oscillator's divergence check uses its respective value (e.g., MACD histogram for MACD, smoothed %D for Stochastic). Users can toggle calculations via boolean inputs, reducing computation if not needed. Here's a table summarizing the oscillators and their roles:
Indicateur Pine Script®
par walldem
True Range Percentage MACDTrue Range Percentage MACD (TR% MACD) is a volatility-oscillator that measures relative range movement and applies MACD logic to identify volatility momentum cycles. What it measures True Range (TR) captures intrabar range plus gap effects. This script converts TR into a percentage of price: TR%=TR×100 / ∣Sourcet−1∣ (Source defaults to HL2 and uses the prior bar value for normalization; a minimum tick guard is applied to avoid division by zero.) Smoothing TR% can be smoothed using a selectable moving average type (EMA, SMA, RMA, VWMA, WMA, ALMA, SWMA, HMA, or NONE) and a dedicated smoothing length. This helps control noise before MACD processing. MACD on volatility The indicator then computes: MACD = MA(TR%)fast − MA(TR%)slow Signal = MA(MACD)signal Histogram = MACD − Signal Interpretation This is not a price-trend MACD—it's a volatility momentum MACD: Rising histogram often indicates increasing relative volatility (range expansion accelerating). Falling histogram often indicates volatility cooling (range expansion decelerating / contracting). Crossovers can help time transitions between quiet and active regimes, and complement trend systems (e.g., filter breakouts to periods of rising volatility). Visuals & alerts Histogram uses a 4-state coloring (positive/negative + rising/falling). Optional plot shows smoothed TR%. Built-in alerts: histogram rising→falling and falling→rising state flips MACD crossing Signal (up/down) MACD crossing zero (up/down)
Indicateur Pine Script®
par refik_tu
Typical Price BiasTypical Price Bias (TPB) is a normalized bias oscillator designed to quantify closing pressure relative to a bar’s typical price (HL2 = (High + Low)/2), while reducing noise through selectable moving-average smoothing. What it measures For each length, TPB computes: Bias=( MA(close)−MA(HL2) ) / HL2t−1 This represents the smoothed tendency for price to close above or below typical price, scaled by the prior bar’s HL2 to produce a stable, percent-like oscillator across different markets. Plots Fast Bias (fast length): responsive bias component used to observe short-term pressure. Baseline (slow length): slower bias component used as a regime/trend context line. Zero line: neutral boundary. Above zero = bullish close bias; below zero = bearish close bias. Visual encoding Fast Bias coloring reflects: Sign (above/below zero), and Slope (increasing vs decreasing), helping you visually separate strengthening vs weakening bias. Practical interpretation Regime: Baseline > 0 suggests bullish conditions; Baseline < 0 suggests bearish conditions. Confirmation: Fast Bias staying on the same side of zero as the Baseline supports continuation. Early warning: Fast Bias turning down (while still above zero) can precede weakening momentum; similarly for upside turns below zero. Notes This indicator is not a complete trading system; it is best used as a filter/confirmation tool alongside structure, trend, or volatility context.
Indicateur Pine Script®
par refik_tu
Regression Channel Oscillator█ OVERVIEW Regression Channel Oscillator is an oscillator based on linear regression that shows when price moves away from its natural path and when it returns to balance. Unlike a classic moving average, linear regression does not simply average price — it accounts for direction and speed of movement. As a result, its center better represents the true price path rather than a lagging average. Advantage over MA: - detects changes in market dynamics faster - lags less during trends - better identifies when a move becomes excessive relative to the current direction The result: the oscillator more precisely highlights market overextension, not just distance from an average. █ CONCEPTS The indicator was created primarily for precise identification of correction areas and potential trend change points, when price moves too far away from its current path. At the same time, it works very well as: - a trend-following tool - a detector of low-volatility phases When the oscillator line stays near zero and cannot reach OB/OS zones, the market is in balance or compression — often a phase before a larger move. Strong pushes into extreme zones show that the market has temporarily moved away from its natural path. █ FEATURES Regression Settings - Regression Length – defines how broadly the current price path is measured - RMSE Multiplier – controls oscillator sensitivity to deviations Oscillator - Shows how far price has moved away from its current path - Range is limited for readability - Optional smoothing: SMA / EMA / None Signal Settings - Signal MA – moving average of the oscillator used for momentum confirmation - Show Signal MA – option to enable or disable the signal line entirely - Signal Color Mode - Direction – color changes based on slope - Position vs Zero – color changes based on position relative to zero - Signal SMA Length – length of the signal moving average Overbought / Oversold Zones - Configurable OB/OS levels for the oscillator - Additional hidden OB/OS thresholds for the Signal MA (signal line) - When SMA crosses these thresholds, the main OB/OS zones change color — providing additional confirmation of potential direction change or move exhaustion Dynamic Colors - Oscillator above 0 → bullish - Below 0 → bearish Gradients & Visualization - Oscillator gradient - Multi-layer SMA gradient - OB/OS zone gradients - Gradient fill toward the zero line - Full visual customization Signals - Signal appears when leaving extreme zones Alerts - Alerts for exits from OB/OS zones █ HOW TO USE Add the indicator in TradingView → Regression Channel Oscillator or copy the code and paste it into the Pine Editor. This tool helps determine whether price is moving in a healthy trend rhythm or is already overextended relative to its current path. It helps distinguish three market states: - Stable trend – oscillator stays on one side of zero - Overextended move – entries into OB/OS zones - Compression / no direction – oscillator moves around the zero line Shorter settings → faster reaction (intraday, scalping) Longer settings → more stable readings (swing, higher timeframes) █ APPLICATIONS Corrections in trend When the market is trending, entries into extreme zones often mark moments where the move has become stretched and a pullback may occur. In strong impulses, however, this state can persist for a long time — trying to catch the end of the move can be risky. Trend following When the oscillator remains on one side of zero, it indicates the dominant market side. Low-volatility phases When the oscillator stays near zero and does not reach OB/OS zones, the market is in balance or accumulation before a larger move. Momentum confirmation When the Signal MA crosses its additional OB/OS thresholds, the main extreme zones change color. This visual confirmation suggests that the move may be nearing exhaustion or that the probability of a direction change is increasing. █ NOTES - In strong trends, the oscillator may stay in extreme zones for extended periods — this reflects strength, not an immediate reversal. - OB/OS levels should be adjusted to the instrument and timeframe. - Works best when combined with market structure, trend analysis, and support/resistance levels.
Indicateur Pine Script®
par Uncle_the_shooter
Linda Bradford Redford 3-10 Oscillator Enhanced LBR MomentumLBR 3-10 Oscillator – Enhanced (Linda Raschke Momentum) Popularized by Linda Bradford Raschke since the 1980s, the 3-10 oscillator is a fast momentum tool that measures the difference between a 3-period and a 10-period simple moving average of price (plus a 16-period signal line of that difference). It is essentially a simple-moving-average version of the MACD and is widely used for short-term momentum shifts and trend changes, especially in futures and intraday trading. This enhanced open-source version adds: Custom MA type (SMA/EMA/WMA) for all lines (default = SMA to stay true to the original). Colored histogram that shows momentum strength: strong bull (bright lime), weak bull (pale green), strong bear (maroon), weak bear (red). Momentum “hooks” – tiny dots on the fast line that mark changes in direction (potential short-term exhaustion). Simple adjacent-bar divergence labels (bullish/bearish) for visual reference. Overbought/oversold levels and full alert suite. How to read it Fast line (blue/purple) = raw momentum. Crosses of the thick red signal line = momentum shifts. Zero-line cross = trend confirmation. Histogram color & height = conviction of the move. Hooks = possible short-term turns. Divergence labels = possible weakening of momentum (use with price action). How to use Works on any timeframe and asset. Best results on liquid instruments (futures, forex majors, large-cap stocks). Adjust MA type or lengths for different market conditions. The raw oscillator scale varies with price/volatility, so tune the OB/OS levels to the chart you are trading. This script does not contain any backtesting, performance claims, or mechanical trading rules. It is a visual momentum tool only. Always combine with price action, support/resistance, and your own risk management. The code is fully open-source so you can study or modify it. Inspired by Raschke’s original concept and many community implementations, but the visual enhancements (strength-based histogram coloring, hooks, and divergence labels) are unique to this version.
Indicateur Pine Script®
par uzair2join
Vaultfy Sentiment ApexVaultfy Sentiment Apex is a high-precision sentiment oscillator designed to identify market exhaustion zones and trend reversals through a normalized dual-line approach. By analyzing RSI data across customizable timeframes and applying advanced normalization, this indicator tracks the "tug-of-war" between bullish and bearish sentiment, providing clear visual cues when the market reaches overextended levels. How it works: The indicator plots two contrasting sentiment lines: Red Line: Represents the primary sentiment momentum. Green Line: Represents the counter-sentiment momentum. Unlike standard oscillators, Vaultfy Sentiment Apex uses a dynamic normalization window to ensure that the 0-100 scale remains relevant to recent historical price action, rather than static overbought/oversold levels. Key Features: Exhaustion Zones (95 & 5): The indicator features static "Warning Zones" at the top (Red, 95-100) and bottom (Green, 0-5). These represent extreme exhaustion. Dynamic Extreme Fill: To keep your chart clean, the area between the lines only highlights when one of the sentiment lines penetrates the 95 or 5 levels. This instantly alerts you to high-probability reversal or cooling-off zones. Multi-Timeframe Engine: Built-in MTF capability allows you to track Monthly or Weekly sentiment while trading on lower timeframes. Customizable Smoothing: Dual EMA smoothing (RSI and Final) allows you to filter out market noise and focus on the core trend. Usage Tips: Sentiment Extremes: When the dynamic fill appears in the Top Red Zone, the market is heavily overextended to one side—watch for a potential top or consolidation. Sentiment Extremes: Conversely, a fill in the Bottom Green Zone suggests the sentiment has hit a floor, often preceding a bounce or trend shift. Crossovers: Watch for the Green and Red lines crossing as early signals of momentum shifts within the neutral 5-95 range.
Indicateur Pine Script®
par Vaultfy
Oscillator Matrix [R2D2]Oscillator Matrix: Advanced Momentum & Liquidity System Summary The Oscillator Matrix is a sophisticated, all-in-one technical analysis system designed to overcome the limitations of standard oscillators. Rather than relying on a single data point, this tool synthesizes over six unique market dimensions into a single pane, creating a "matrix" of interoperable data. It combines institutional money flow analysis with fast-reacting momentum ribbons to provide a holistic view of market health, allowing traders to detect trend continuations and market reversals with higher confidence. +4 The core philosophy of this indicator is confluence. By visually layering momentum (Hyper Wave) on top of volume pressure (Money Flow), the Oscillator Matrix filters out noise and highlights high-probability setups where multiple market factors align. +1 Component Breakdown The Oscillator Matrix is composed of several dynamic features that should be analyzed in a specific hierarchy: 1. Smart Money Flow (The Foundation) What it is: The background "waves" representing the influx of buying (green) or selling (red) liquidity. Function: This is the primary trend filter. You should analyze this first to determine the dominant market bias before looking for entry signals. Overflow & Thresholds: When the Money Flow waves breach the dynamic threshold lines (lighter colored "overflow" waves), it indicates excess participation, often preceding a significant reversal or trend exhaustion. 2. Hyper Wave Oscillator (The Trigger) What it is: A responsive ribbon overlaid on the Money Flow. Function: This component acts as the immediate signal generator. It identifies short-term momentum shifts and highlights divergences in real-time, offering a faster reaction time than the background Money Flow. 3. Confluence Zones What it is: The color-coded strip at the top of the panel. Function: This feature simplifies the complex data below into a binary signal. Bright colors indicate a "Strong Confluence" where both Money Flow and Momentum are aligned in the same direction, signaling a high-conviction trend. 4. Reversal Signals High Frequency (Dots): Small dots appear on the Hyper Wave ribbon to mark local tops and bottoms, useful for scalping or identifying short-term exhaustion. Major Reversals (Triangles): Large arrows indicate significant divergence points where price action and momentum disagree, warning of potential macro-trend shifts. Application & Trading Strategies To utilize the Oscillator Matrix effectively, traders should adopt a systematic approach that prioritizes "Smart Money Flow" context over raw signals. A. Trend Following (The Confluence Setup) Identify the Flow: Ensure the Money Flow (background) is expanding and clearly Green (Bullish) or Red (Bearish). Wait for Alignment: Look for the Hyper Wave ribbon to align with the Money Flow color. The Signal: Enter when the Confluence Zones turn bright, indicating that both institutional liquidity and short-term momentum are pushing price in the same direction. B. Reversal Detection (The Exhaustion Setup) Spot the Divergence: Watch for the Hyper Wave to make a lower high while price makes a higher high (Bearish Divergence), often marked by a large triangle signal. +1 Confirm with Money Flow: A reversal signal is most potent when the Money Flow is "weak" (far from its threshold limits) or showing "Overflow" (exhaustion). +1 Example: A bearish signal appears, and the red Money Flow is barely visible. This suggests selling pressure is non-existent, and a bounce is likely. C. Ranging Markets In chopping markets, the Confluence Zones will likely remain grey or dull. This serves as a filter, telling traders to stand aside or use the High-Frequency dots for quick mean-reversion trades. Usefulness & Advantage The primary advantage of the Oscillator Matrix is its ability to differentiate between price movement and market intent. Filtering Fake-outs: Standard indicators often give false signals during strong trends. The Oscillator Matrix helps you ignore these by showing if "Smart Money" supports the move. If price is dropping but Money Flow remains bullishly strong, the drop is likely a buying opportunity rather than a reversal. Precision Timing: While the Money Flow provides the "Why" (context), the Hyper Wave provides the "When" (timing), allowing for entries that are both safe and timely. Versatility: By including components for both trending (Confluence Zones) and ranging (Overflow/Reversal Dots) conditions, the tool adapts to changing market regimes without needing to switch indicators. Disclaimer: The Oscillator Matrix is a tool for analysis, not a financial advisor. Past performance (as visualized by signals) is not indicative of future results. Always use proper risk management.
Indicateur Pine Script®
par R2D2_4Life
Z-Score Distortion LabName: Z-Score Distortion Lab 🔬 Description: The Anatomy of Market Volatility Most indicators focus on price direction, but Z-Score Distortion Lab dives deeper into the "Statistical Health" of the market. This tool analyzes the 3rd and 4th statistical moments—Skewness and Excess Kurtosis—to identify when price action is deviating from a normal distribution. Key Clinical Features: Skewness (Neon Line): Measures the asymmetry of price distribution. A high positive/negative skew indicates a strong directional bias or "Distortion" that often precedes trend exhaustion or sharp reversals. Excess Kurtosis (Aqua Line): Monitors "Fat-Tail Risk." When Kurtosis spikes, it signals extreme market conditions and high volatility where outliers (black swan events) are more likely to occur. Visual Diagnostics: Equipped with "Risk Triangles" and "Bias Arrows" to highlight statistical anomalies in real-time. How to use in your "Lab": Risk Monitoring: Use the Kurtosis threshold to identify high-risk environments where standard strategies might fail. Bias Detection: Use Skewness arrows to confirm the underlying strength of a move. Customizable Thresholds: Fully adjustable inputs to fit your specific timeframe and asset class. Disclaimer: This tool is for statistical analysis and educational purposes only. It does not provide financial advice or guaranteed trade signals. Always use proper risk management.
Indicateur Pine Script®
par GodeyeThelasthope
Precision Sword QQE Precision Sword is an advanced oscillator that combines quantitative momentum analysis with market equilibrium. It is designed to provide clean trend signals while filtering out market noise. Key Components: QQE Logic: Utilizes a smoothed RSI combined with volatility bands (ATR) to identify true momentum. Kijun-sen Filter: Trends are only confirmed when the price is on the correct side of the Kijun-sen line, providing a robust safety filter against fakeouts. Momentum Histogram: The histogram changes color (Cyan/Red) only when momentum and trend are in full alignment. Minimalist Design: Optimized for clarity, focusing on the crossover between the Main Line (QQE) and the Signal Line. How to trade:
Indicateur Pine Script®
par Astra_Quant_Flow
Nico Mega Cap Dashboard + RSI Indicator Description: Mega Cap Dashboard + RSI (True TV Daily %) This is a multi-symbol intraday leadership dashboard designed to monitor four major Nasdaq drivers directly on your main chart: NVDA MSFT AAPL META It provides real-time visibility into price, daily performance, and momentum strength — all in a compact table overlay. Core Components 1️⃣ Current Price Displays the live close price of each stock based on your active chart timeframe (30s, 1m, 5m, etc.). This allows you to see immediate price positioning without switching charts. 2️⃣ True Daily % Change (Matches TradingView) Daily % is calculated correctly as: (Current Price − Previous Daily Close) / Previous Daily Close × 100 This matches: TradingView watchlist “Day %” Broker daily performance Market scanners Color logic: Green → Positive on the day Red → Negative on the day This gives you instant directional bias. 3️⃣ RSI (Relative Strength Index) Default length: 14 (adjustable) RSI is calculated on the same timeframe as your active chart. Color logic: Red → RSI > 70 (Overbought) Lime → RSI < 30 (Oversold) White → Neutral zone This provides momentum and exhaustion context. What This Indicator Is Designed For This tool functions as a Nasdaq internal strength monitor. Because NVDA, MSFT, AAPL, and META heavily influence: QQQ NQ futures Nasdaq index movement You can quickly determine: Are market leaders aligned? Is momentum broad-based or isolated? Is QQQ strength supported internally? Is the move extended or building? Practical Trading Applications 1️⃣ Trend Confirmation If: 3–4 stocks are green on the day RSI values are above 50 → Higher probability of continuation bias in QQQ/NQ. 2️⃣ Weak Internal Structure If: QQQ is pushing highs But 2–3 leaders are red or RSI < 50 → Potential divergence or fake breakout. 3️⃣ Exhaustion Detection If multiple stocks show: RSI > 70 Extended daily % → Increased probability of pullback or rotation. 4️⃣ Scalping Alignment (30s–2min) Before entering a trade: Check if leadership is aligned with your direction. Avoid trades when dashboard shows mixed signals. Technical Structure The script uses: request.security() for cross-symbol data retrieval Daily timeframe previous close for accurate day % Real-time intraday RSI calculation table.new() for structured UI display Overlay rendering (top-right of main chart) It updates dynamically with each new bar.
Indicateur Pine Script®
par nio1101