15m Breakout w/ % SL + Min HoldThis 15-minute breakout strategy identifies the prior period’s swing high and swing low over a user-defined lookback, plotting them as entry thresholds. Trades execute only within a specified session and align with the EMA trend: longs above the EMA, shorts below. Upon entry, a fixed percentage stop-loss immediately caps risk. After holding for a minimum number of bars, the strategy replaces the hard stop with an ATR-based trailing stop—triggered once the specified hold-time elapses—to lock in profits as momentum continues. By combining breakout triggers, trend filtering, hard stops, and delayed trailing exits, it provides disciplined risk management and profit capture.
Sentiment
Ticker Pulse Meter BasicPairs nicely with the Contrarian 100 MA located here:
and the Enhanced Stock Ticker with 50MA vs 200MA located here:
Description
The Ticker Pulse Meter Basic is a dynamic Pine Script v6 indicator designed to provide traders with a visual representation of a stock’s price position relative to its short-term and long-term ranges, enabling clear entry and exit signals for long-only trading strategies. By calculating three normalized metrics—Percent Above Long & Above Short, Percent Above Long & Below Short, and Percent Below Long & Below Short—this indicator offers a unique "pulse" of market sentiment, plotted as stacked area charts in a separate pane. With customizable lookback periods, thresholds, and signal plotting options, it empowers traders to identify optimal entry points and profit-taking levels. The indicator leverages Pine Script’s force_overlay feature to plot signals on either the main price chart or the indicator pane, making it versatile for various trading styles.
Key Features
Pulse Meter Metrics:
Computes three percentages based on short-term (default: 50 bars) and long-term (default: 200 bars) lookback periods:
Percent Above Long & Above Short: Measures price strength when above both short and long ranges (green area).
Percent Above Long & Below Short: Indicates mixed momentum (orange area).
Percent Below Long & Below Short: Signals weakness when below both ranges (red area).
Flexible Signal Plotting:
Toggle between plotting entry (blue dots) and exit (white dots) signals on the main price chart (location.abovebar/belowbar) or in the indicator pane (location.top/bottom) using the Plot Signals on Main Chart option.
Entry/Exit Logic:
Long Entry: Triggered when Percent Above Long & Above Short crosses above the high threshold (default: 20%) and Percent Below Long & Below Short is below the low threshold (default: 40%).
Long Exit: Triggered when Percent Above Long & Above Short crosses above the profit-taking level (default: 95%).
Visual Enhancements:
Plots stacked area charts with semi-transparent colors (green, orange, red) for intuitive trend analysis.
Displays threshold lines for entry (high/low) and profit-taking levels.
Includes a ticker and timeframe table in the top-right corner for quick reference.
Alert Conditions: Supports alerts for long entry and exit signals, integrable with TradingView’s alert system for automated trading.
Technical Innovation: Combines normalized price metrics with Pine Script v6’s force_overlay for seamless signal integration on the price chart or indicator pane.
Technical Details
Calculation Logic:
Uses confirmed bars (barstate.isconfirmed) to calculate metrics, ensuring reliability.
Short-term percentage: (close - lowest(low, lookback_short)) / (highest(high, lookback_short) - lowest(low, lookback_short)).
Long-term percentage: (close - lowest(low, lookback_long)) / (highest(high, lookback_long) - lowest(low, lookback_long)).
Derived metrics:
pct_above_long_above_short = (pct_above_long * pct_above_short) * 100.
pct_above_long_below_short = (pct_above_long * (1 - pct_above_short)) * 100.
pct_below_long_below_short = ((1 - pct_above_long) * (1 - pct_above_short)) * 100.
Signal Plotting:
Entry signals (long_entry) use ta.crossover to detect when pct_above_long_above_short crosses above entryThresholdhigh and pct_below_long_below_short is below entryThresholdlow.
Exit signals (long_exit) use ta.crossover for pct_above_long_above_short crossing above profitTake.
Signals are plotted as tiny circles with force_overlay=true for main chart or standard plotting for the indicator pane.
Performance Considerations: Optimized for efficiency by calculating metrics only on confirmed bars and using lightweight plotting functions.
How to Use
Add to Chart:
Copy the script into TradingView’s Pine Editor and apply it to your chart.
Configure Settings:
Short Lookback Period: Adjust the short-term lookback (default: 50 bars) for sensitivity.
Long Lookback Period: Set the long-term lookback (default: 200 bars) for broader context.
Entry Thresholds: Modify high (default: 20%) and low (default: 40%) thresholds for entry conditions.
Profit Take Level: Set the exit threshold (default: 95%) for profit-taking.
Plot Signals on Main Chart: Check to display signals on the price chart; uncheck for the indicator pane.
Interpret Signals:
Long Entry: Blue dots indicate a strong bullish setup when price is high relative to both lookback ranges and weakness is low.
Long Exit: White dots signal profit-taking when strength reaches overbought levels.
Use the stacked area charts to assess trend strength and momentum.
Set Alerts:
Create alerts for Long Entry and Long Exit conditions using TradingView’s alert system.
Customize Visuals:
Adjust colors and thresholds via TradingView’s settings for better visibility.
The ticker table displays the symbol and timeframe in the top-right corner.
Example Use Cases
Swing Trading: Use entry signals to capture short-term bullish moves within a broader uptrend, exiting at profit-taking levels.
Trend Confirmation: Monitor the green area (Percent Above Long & Above Short) for sustained bullish momentum.
Market Sentiment Analysis: Use the stacked areas to gauge bullish vs. bearish sentiment across timeframes.
Notes
Testing: Backtest the indicator on your chosen market and timeframe to validate its effectiveness.
Compatibility: Built for Pine Script v6 and tested on TradingView as of June 20, 2025.
Limitations: Signals are long-only; adapt the script for short strategies if needed.
Enhancements: Consider adding a histogram for the difference between metrics or additional thresholds for nuanced trading.
Acknowledgments
Inspired by public Pine Script examples and designed to simplify complex market dynamics into a clear, actionable tool. For licensing or support, contact Chuck Schultz (@chuckaschultz) on TradingView. Share feedback in the comments, and happy trading!
Put/Call Volume Ratio (Sentiment Zones)Creates a real-time visual indicator that tracks market sentiment based on options volume, using the Put/Call Volume Ratio:
Put/Call Ratio = (Put Volume) / (Call Volume)
A low ratio (e.g. < 0.7) suggests bullish sentiment, meaning more call options are being bought than puts — traders expect price to rise.
A high ratio (e.g. > 1.2) suggests bearish sentiment, meaning more puts are being bought — traders are hedging or betting on a drop.
📈 What the Script Plots:
A line chart of the real-time Put/Call Volume Ratio.
Colored thresholds to identify sentiment zones:
🟢 Bullish zone: Ratio below 0.7 (green background)
🔴 Bearish zone: Ratio above 1.2 (red background)
🟠 Neutral zone: Between 0.7 and 1.2 (no background color)
Horizontal lines for the bullish and bearish zone boundaries.
🛠️ Use Cases for Traders:
Confirm sentiment before entering a trade.
Spot potential reversals when sentiment extremes are reached.
Combine with price action or Strat setups to increase trade confidence.
Long/Short/Exit/Risk management Strategy # LongShortExit Strategy Documentation
## Overview
The LongShortExit strategy is a versatile trading system for TradingView that provides complete control over entry, exit, and risk management parameters. It features a sophisticated framework for managing long and short positions with customizable profit targets, stop-loss mechanisms, partial profit-taking, and trailing stops. The strategy can be enhanced with continuous position signals for visual feedback on the current trading state.
## Key Features
### General Settings
- **Trading Direction**: Choose to trade long positions only, short positions only, or both.
- **Max Trades Per Day**: Limit the number of trades per day to prevent overtrading.
- **Bars Between Trades**: Enforce a minimum number of bars between consecutive trades.
### Session Management
- **Session Control**: Restrict trading to specific times of the day.
- **Time Zone**: Specify the time zone for session calculations.
- **Expiration**: Optionally set a date when the strategy should stop executing.
### Contract Settings
- **Contract Type**: Select from common futures contracts (MNQ, MES, NQ, ES) or custom values.
- **Point Value**: Define the dollar value per point movement.
- **Tick Size**: Set the minimum price movement for accurate calculations.
### Visual Signals
- **Continuous Position Signals**: Implement 0 to 1 visual signals to track position states.
- **Signal Plotting**: Customize color and appearance of position signals.
- **Clear Visual Feedback**: Instantly see when entry conditions are triggered.
### Risk Management
#### Stop Loss and Take Profit
- **Risk Type**: Choose between percentage-based, ATR-based, or points-based risk management.
- **Percentage Mode**: Set SL/TP as a percentage of entry price.
- **ATR Mode**: Set SL/TP as a multiple of the Average True Range.
- **Points Mode**: Set SL/TP as a fixed number of points from entry.
#### Advanced Exit Features
- **Break-Even**: Automatically move stop-loss to break-even after reaching specified profit threshold.
- **Trailing Stop**: Implement a trailing stop-loss that follows price movement at a defined distance.
- **Partial Profit Taking**: Take partial profits at predetermined price levels:
- Set first partial exit point and percentage of position to close
- Set second partial exit point and percentage of position to close
- **Time-Based Exit**: Automatically exit a position after a specified number of bars.
#### Win/Loss Streak Management
- **Streak Cutoff**: Automatically pause trading after a series of consecutive wins or losses.
- **Daily Reset**: Option to reset streak counters at the start of each day.
### Entry Conditions
- **Source and Value**: Define the exact price source and value that triggers entries.
- **Equals Condition**: Entry signals occur when the source exactly matches the specified value.
### Performance Analytics
- **Real-Time Stats**: Track important performance metrics like win rate, P&L, and largest wins/losses.
- **Visual Feedback**: On-chart markers for entries, exits, and important events.
### External Integration
- **Webhook Support**: Compatible with TradingView's webhook alerts for automated trading.
- **Cross-Platform**: Connect to external trading systems and notification platforms.
- **Custom Order Execution**: Implement advanced order flows through external services.
## How to Use
### Setup Instructions
1. Add the script to your TradingView chart.
2. Configure the general settings based on your trading preferences.
3. Set session trading hours if you only want to trade specific times.
4. Select your contract specifications or customize for your instrument.
5. Configure risk parameters:
- Choose your preferred risk management approach
- Set appropriate stop-loss and take-profit levels
- Enable advanced features like break-even, trailing stops, or partial profit taking as needed
6. Define entry conditions:
- Select the price source (such as close, open, high, or an indicator)
- Set the specific value that should trigger entries
### Entry Condition Examples
- **Example 1**: To enter when price closes exactly at a whole number:
- Long Source: close
- Long Value: 4200 (for instance, to enter when price closes exactly at 4200)
- **Example 2**: To enter when an indicator reaches a specific value:
- Long Source: ta.rsi(close, 14)
- Long Value: 30 (triggers when RSI equals exactly 30)
### Best Practices
1. **Always backtest thoroughly** before using in live trading.
2. **Start with conservative risk settings**:
- Small position sizes
- Reasonable stop-loss distances
- Limited trades per day
3. **Monitor and adjust**:
- Use the performance table to track results
- Adjust parameters based on how the strategy performs
4. **Consider market volatility**:
- Use ATR-based stops during volatile periods
- Use fixed points during stable markets
## Continuous Position Signals Implementation
The LongShortExit strategy can be enhanced with continuous position signals to provide visual feedback about the current position state. These signals can help you track when the strategy is in a long or short position.
### Adding Continuous Position Signals
Add the following code to implement continuous position signals (0 to 1):
```pine
// Continuous position signals (0 to 1)
var float longSignal = 0.0
var float shortSignal = 0.0
// Update position signals based on your indicator's conditions
longSignal := longCondition ? 1.0 : 0.0
shortSignal := shortCondition ? 1.0 : 0.0
// Plot continuous signals
plot(longSignal, title="Long Signal", color=#00FF00, linewidth=2, transp=0, style=plot.style_line)
plot(shortSignal, title="Short Signal", color=#FF0000, linewidth=2, transp=0, style=plot.style_line)
```
### Benefits of Continuous Position Signals
- Provides clear visual feedback of current position state (long/short)
- Signal values stay consistent (0 or 1) until condition changes
- Can be used for additional calculations or alert conditions
- Makes it easier to track when entry conditions are triggered
### Using with Custom Indicators
You can adapt the continuous position signals to work with any custom indicator by replacing the condition with your indicator's logic:
```pine
// Example with moving average crossover
longSignal := fastMA > slowMA ? 1.0 : 0.0
shortSignal := fastMA < slowMA ? 1.0 : 0.0
```
## Webhook Integration
The LongShortExit strategy is fully compatible with TradingView's webhook alerts, allowing you to connect your strategy to external trading platforms, brokers, or custom applications for automated trading execution.
### Setting Up Webhooks
1. Create an alert on your chart with the LongShortExit strategy
2. Enable the "Webhook URL" option in the alert dialog
3. Enter your webhook endpoint URL (from your broker or custom trading system)
4. Customize the alert message with relevant information using TradingView variables
### Webhook Message Format Example
```json
{
"strategy": "LongShortExit",
"action": "{{strategy.order.action}}",
"price": "{{strategy.order.price}}",
"quantity": "{{strategy.position_size}}",
"time": "{{time}}",
"ticker": "{{ticker}}",
"position_size": "{{strategy.position_size}}",
"position_value": "{{strategy.position_value}}",
"order_id": "{{strategy.order.id}}",
"order_comment": "{{strategy.order.comment}}"
}
```
### TradingView Alert Condition Examples
For effective webhook automation, set up these alert conditions:
#### Entry Alert
```
{{strategy.position_size}} != {{strategy.position_size}}
```
#### Exit Alert
```
{{strategy.position_size}} < {{strategy.position_size}} or {{strategy.position_size}} > {{strategy.position_size}}
```
#### Partial Take Profit Alert
```
strategy.order.comment contains "Partial TP"
```
### Benefits of Webhook Integration
- **Automated Trading**: Execute trades automatically through supported brokers
- **Cross-Platform**: Connect to custom trading bots and applications
- **Real-Time Notifications**: Receive trade signals on external platforms
- **Data Collection**: Log trade data for further analysis
- **Custom Order Management**: Implement advanced order types not available in TradingView
### Compatible External Applications
- Trading bots and algorithmic trading software
- Custom order execution systems
- Discord, Telegram, or Slack notification systems
- Trade journaling applications
- Risk management platforms
### Implementation Recommendations
- Test webhook delivery using a free service like webhook.site before connecting to your actual trading system
- Include authentication tokens or API keys in your webhook URL or payload when required by your external service
- Consider implementing confirmation mechanisms to verify trade execution
- Log all webhook activities for troubleshooting and performance tracking
## Strategy Customization Tips
### For Scalping
- Set smaller profit targets (1-3 points)
- Use tighter stop-losses
- Enable break-even feature after small profit
- Set higher max trades per day
### For Day Trading
- Use moderate profit targets
- Implement partial profit taking
- Enable trailing stops
- Set reasonable session trading hours
### For Swing Trading
- Use longer-term charts
- Set wider stops (ATR-based often works well)
- Use higher profit targets
- Disable daily streak reset
## Common Troubleshooting
### Low Win Rate
- Consider widening stop-losses
- Verify that entry conditions aren't triggering too frequently
- Check if the equals condition is too restrictive; consider small tolerances
### Missing Obvious Trades
- The equals condition is extremely precise. Price must exactly match the specified value.
- Consider using floating-point precision for more reliable triggers
### Frequent Stop-Outs
- Try ATR-based stops instead of fixed points
- Increase the stop-loss distance
- Enable break-even feature to protect profits
## Important Notes
- The exact equals condition is strict and may result in fewer trade signals compared to other conditions.
- For instruments with decimal prices, exact equality might be rare. Consider the precision of your value.
- Break-even and trailing stop calculations are based on points, not percentage.
- Partial take-profit levels are defined in points distance from entry.
- The continuous position signals (0 to 1) provide valuable visual feedback but don't affect the strategy's trading logic directly.
- When implementing continuous signals, ensure they're aligned with the actual entry conditions used by the strategy.
---
*This strategy is for educational and informational purposes only. Always test thoroughly before using with real funds.*
5DMA Optional HMA Entry📈 5DMA Optional HMA Entry Signal – Precision-Based Momentum Trigger
Category: Trend-Following / Reversal Timing / Entry Optimization
🔍 Overview:
The 5DMA Optional HMA Entry indicator is a refined price-action entry tool built for traders who rely on clean trend alignment and precise timing. This script identifies breakout-style entry points when price gains upward momentum relative to short-term moving averages — specifically the 5-day Simple Moving Average (5DMA) and an optional Hull Moving Average (HMA).
Whether you're swing trading stocks, scalping ETFs like UVXY or VXX, or looking for pullback recovery entries, this tool helps time your long entries with clarity and flexibility.
⚙️ Core Logic:
Primary Condition (Always On):
🔹 Close must be above the 5DMA – ensuring upward short-term momentum is confirmed.
Optional Condition (Toggled by User):
🔹 Close above the HMA – adds slope-responsive trend filtering for smoother setups. Enable or disable via checkbox.
Bonus Entry Filter (Optional):
🔹 Green Candle Wick Breakout – optional pattern logic that detects bullish momentum when the high pierces above both MAs, with a green body.
Reset Mechanism:
🔁 Signal resets only after price closes back below all active MAs (5DMA and HMA if enabled), reducing noise and avoiding repeated signals during chop.
🧠 Why This Works:
This indicator captures the kind of setups that professional traders look for:
Momentum crossovers without chasing late.
Mean reversion snapbacks that align with fresh bullish moves.
Avoids premature entries by requiring clear structure above moving averages.
Optional HMA filter allows adaptability: turn it off during choppy markets or range conditions, and on during trending environments.
🔔 Features:
✅ Adjustable HMA Length
✅ Enable/Disable HMA Filter
✅ Optional Green Wick Breakout Detection
✅ Visual “Buy” label plotted below qualifying bars
✅ Real-time Alert Conditions for automated trading or manual alerts
🎯 Use Cases:
VIX-based ETFs (e.g., UVXY, VXX): Catch early breakouts aligned with volatility spikes.
Growth Stocks: Time pullback entries during bullish runs.
Futures/Indices: Combine with macro levels for intraday scalps or swing setups.
Overlay on Trend Filters: Combine with RSI, MACD, or VWAP for confirmation.
🛠️ Recommended Settings:
For smooth setups in volatile names, use:
HMA Length: 20
Keep green wick filter ON
For fast momentum trades, disable the HMA filter to act on 5DMA alone.
⭐ Final Thoughts:
This script is built to serve both systematic traders and discretionary scalpers who want actionable signals without noise or lag. The toggleable HMA feature lets you adjust sensitivity depending on market conditions — a key edge in adapting to volatility cycles.
Perfect for those who value clean, non-repainting entries rooted in logical structure.
Yelober_Momentum_BreadthMI# Yelober_Momentum_BreadthMI: Market Breadth Indicator Analysis
## Overview
The Yelober_Momentum_BreadthMI is a comprehensive market breadth indicator designed to monitor market internals across NYSE and NASDAQ exchanges. It tracks several key metrics including up/down volume ratios, TICK readings, and trend momentum to provide traders with real-time insights into market direction, strength, and potential turning points.
## Indicator Components
This indicator displays a table with data for:
- NYSE breadth metrics
- NASDAQ breadth metrics
- NYSE TICK data and trends
- NASDAQ TICK (TICKQ) data and trends
## Table Columns and Interpretation
### Column 1: Market
Identifies the data source:
- **NYSE**: New York Stock Exchange data
- **NASDAQ**: NASDAQ exchange data
- **Tick**: NYSE TICK index
- **TickQ**: NASDAQ TICK index
### Column 2: Ratio
Shows the current ratio values with different calculations depending on the row:
- **For NYSE/NASDAQ rows**: Displays the up/down volume ratio
- Positive values (green): More up volume than down volume
- Negative values (red): More down volume than up volume
- The magnitude indicates the strength of the imbalance
- **For Tick/TickQ rows**: Shows the ratio of positive to negative ticks plus the current TICK reading in parentheses
- Format: "Ratio (Current TICK value)"
- Positive values (green): More stocks ticking up than down
- Negative values (red): More stocks ticking down than up
### Column 3: Trend
Displays the directional trend with both a symbol and value:
- **For NYSE/NASDAQ rows**: Shows the VOLD (volume difference) slope
- "↗": Rising trend (positive slope)
- "↘": Falling trend (negative slope)
- "→": Neutral/flat trend (minimal slope)
- **For Tick/TickQ rows**: Shows the slope of the ratio history
- Color-coding: Green for positive momentum, Red for negative momentum, Gray for neutral
The trend column is particularly important as it shows the current momentum of the market. The indicator applies specific thresholds for color-coding:
- NYSE: Green when normalized value > 2, Red when < -2
- NASDAQ: Green when normalized value > 3.5, Red when < -3.5
- TICK/TICKQ: Green when slope > 0.01, Red when slope < -0.01
## How to Use This Indicator
### Basic Interpretation
1. **Market Direction**: When multiple rows show green ratios and upward trends, it suggests strong bullish market internals. Conversely, red ratios and downward trends indicate bearish internals.
2. **Market Breadth**: The magnitude of the ratios indicates how broad-based the market movement is. Higher absolute values suggest stronger market breadth.
3. **Momentum Shifts**: When trend arrows change direction or colors shift, it may signal a potential reversal or change in market momentum.
4. **Divergences**: Look for divergences between different markets (NYSE vs NASDAQ) or between ratios and trends, which can indicate potential market turning points.
### Advanced Usage
- **Volume Normalization**: The indicator includes options to normalize volume data (none, tens, thousands, millions, 10th millions) to handle different exchange scales.
- **Trend Averaging**: The slope calculation uses an averaging period (default: 5) to smooth out noise and identify more reliable trend signals.
## Examples for Interpretation
### Example 1: Strong Bullish Market
```
| Market | Ratio | Trend |
|--------|---------|-----------|
| NYSE | 1.75 | ↗ 2.85 |
| NASDAQ | 2.10 | ↗ 4.12 |
| Tick | 2.45 (485) | ↗ 0.05 |
| TickQ | 1.95 (320) | ↗ 0.03 |
```
**Interpretation**: All metrics are positive and trending upward (green), indicating a strong, broad-based rally. The high ratio values show significant bullish dominance. This suggests continuation of the upward move with good momentum.
### Example 2: Weakening Market
```
| Market | Ratio | Trend |
|--------|---------|-----------|
| NYSE | 0.45 | ↘ -1.50 |
| NASDAQ | 0.85 | → 0.30 |
| Tick | 0.95 (105) | ↘ -0.02 |
| TickQ | 1.20 (160) | → 0.00 |
```
**Interpretation**: The market is showing mixed signals with positive but low ratios, while NYSE and TICK trends are turning negative. NASDAQ shows neutral to slightly positive momentum. This divergence often occurs near market tops or during consolidation phases. Traders should be cautious and consider reducing position sizes.
### Example 3: Negative Market Turning Positive
```
| Market | Ratio | Trend |
|--------|---------|-----------|
| NYSE | -1.25 | ↗ 1.75 |
| NASDAQ | -0.95 | ↗ 2.80 |
| Tick | -1.35 (-250) | ↗ 0.04 |
| TickQ | -1.10 (-180) | ↗ 0.02 |
```
**Interpretation**: This is a potential bottoming pattern. Current ratios are still negative (red) showing overall negative breadth, but the trends are all positive (green arrows), indicating improving momentum. This divergence often occurs at market bottoms and could signal an upcoming reversal. Look for confirmation with price action before establishing long positions.
### Example 4: Mixed Market with Divergence
```
| Market | Ratio | Trend |
|--------|---------|-----------|
| NYSE | 1.45 | ↘ -2.25 |
| NASDAQ | -0.85 | ↘ -3.80 |
| Tick | 1.20 (230) | ↘ -0.03 |
| TickQ | -0.75 (-120) | ↘ -0.02 |
```
**Interpretation**: There's a significant divergence between NYSE (positive ratio) and NASDAQ (negative ratio), while all trends are negative. This suggests sector rotation or a market that's weakening but with certain segments still showing strength. Often seen during late-stage bull markets or in transitions between leadership groups. Consider reducing risk exposure and focusing on relative strength sectors.
## Practical Trading Applications
1. **Confirmation Tool**: Use this indicator to confirm price movements. Strong breadth readings in the direction of the price trend increase confidence in trade decisions.
2. **Early Warning System**: Watch for divergences between price and breadth metrics, which often precede market turns.
3. **Intraday Trading**: The real-time nature of TICK and volume data makes this indicator valuable for day traders to gauge intraday momentum shifts.
4. **Market Regime Identification**: Sustained readings can help identify whether the market is in a trend or chop regime, allowing for appropriate strategy selection.
This breadth indicator is most effective when used in conjunction with price action and other technical indicators rather than in isolation.
Yelober - Sector Rotation Detector# Yelober - Sector Rotation Detector: User Guide
## Overview
The Yelober - Sector Rotation Detector is a TradingView indicator designed to track sector performance and identify market rotations in real-time. It monitors key sector ETFs, calculates performance metrics, and provides actionable stock recommendations based on sector strength and weakness.
## Purpose
This indicator helps traders identify when capital is moving from one sector to another (sector rotation), which can provide valuable trading opportunities. It also detects risk-off conditions in the market and highlights sectors with abnormal trading volume.
## Table Columns Explained
### 1. Sector
Displays the sector name being monitored. The indicator tracks six primary sectors plus the S&P 500:
- Energy (XLE)
- Financial (XLF)
- Technology (XLK)
- Consumer Staples (XLP)
- Utilities (XLU)
- Consumer Discretionary (XLY)
- S&P 500 (SPY)
### 2. Perf %
Shows the daily percentage performance of each sector ETF. Values are color-coded:
- Green: Positive performance
- Red: Negative performance
Positive values display with a "+" sign (e.g., +1.25%)
### 3. RSI
Displays the Relative Strength Index value for each sector, which helps identify overbought or oversold conditions:
- Values above 70 (highlighted in red): Potentially overbought
- Values below 30 (highlighted in green): Potentially oversold
- Values between 30-70 (highlighted in blue): Neutral territory
### 4. Vol Ratio
Shows the volume ratio, which compares today's volume to the average volume over the lookback period:
- Values above 1.5x (highlighted in yellow): Indicates abnormally high trading volume
- Values below 1.5x (highlighted in blue): Normal trading volume
This helps identify sectors with unusual activity that may signal important price movements.
### 5. Trend
Displays the current price trend direction with symbols:
- ▲ (green): Uptrend (today's close > yesterday's close)
- ▼ (red): Downtrend (today's close < yesterday's close)
- ◆ (gray): Neutral (today's close = yesterday's close)
## Summary & Recommendations Section
The summary section provides:
1. **Sector Rotation Detection**: Identifies when there's a significant performance gap (>2%) between the strongest and weakest sectors.
2. **Risk-Off Mode Detection**: Alerts when defensive sectors (Consumer Staples and Utilities) are positive while Technology is negative, which often signals investors are moving to safer assets.
3. **Strong Volume Detection**: Indicates when any sector shows abnormally high trading volume.
4. **Stock Recommendations**: Suggests specific stocks to consider for long positions (from the strongest sectors) and short positions (from the weakest sectors).
## Example Interpretations
### Example 1: Sector Rotation
If you see:
- Technology: -1.85%
- Financial: +2.10%
- Summary shows: "SECTOR ROTATION DETECTED: Rotation from Technology to Financial"
**Interpretation**: Capital is moving out of tech stocks and into financial stocks. This could be due to rising interest rates, which typically benefit banks while pressuring high-growth tech companies. Consider looking at financial stocks like JPM, BAC, and WFC for potential long positions.
### Example 2: Risk-Off Conditions
If you see:
- Consumer Staples: +0.80%
- Utilities: +1.20%
- Technology: -1.50%
- Summary shows: "RISK-OFF MODE DETECTED"
**Interpretation**: Investors are seeking safety in defensive sectors while selling growth-oriented tech stocks. This often occurs during market uncertainty or ahead of economic concerns. Consider reducing exposure to high-beta stocks and possibly adding defensive names like PG, KO, or NEE.
### Example 3: Volume Spike
If you see:
- Energy: +3.20% with Volume Ratio 2.5x (highlighted in yellow)
- Summary shows: "STRONG VOLUME DETECTED"
**Interpretation**: The energy sector is making a strong move with significantly higher-than-average volume, suggesting conviction behind the price movement. This could indicate the beginning of a sustained trend in energy stocks. Consider names like XOM, CVX, and COP.
## How to Use the Indicator
1. Apply the indicator to any chart (works best on daily timeframes).
2. Customize settings if needed:
- Timeframe: Choose between intraday (60 or 240 minutes), daily, or weekly
- Lookback Period: Adjust the historical comparison period (default: 20)
- RSI Period: Modify the RSI calculation period (default: 14)
3. To refresh the data: Click the settings icon, increase the "Click + to refresh data" counter, and click "OK".
4. Identify opportunities based on sector performance, RSI levels, volume ratios, and the summary recommendations.
This indicator helps traders align with market rotation trends and identify which sectors (and specific stocks) may outperform or underperform in the near term.
TS Multi-Indicator Trend DetectorDeveloped by KP
This indicator provides a visually clean and reliable trend overlay by combining multiple high-confidence technical indicators into a single floating line above price action. It’s designed for traders who want trend clarity without chart clutter.
⸻
🔍 What It Does:
• Uses EMA (21), RSI, MACD, ADX, and Directional Movement (DI) indicators to evaluate the market trend
• Assigns a “Bullish” or “Bearish” score based on how many indicators confirm the trend
• Plots a floating colored trend line above the price candles to avoid visual interference
• 🟡 Yellow Line = Bullish Trend
• 🔵 Blue Line = Bearish Trend
• Built with multi-timeframe compatibility (works on 5m to weekly charts)
• Minimalist, no noise — no arrows, no labels, just clarity
⸻
⚙️ How It Works:
• Trend shifts when 3 or more out of 5 conditions are met:
• Price above/below 21 EMA
• RSI > 50 or < 50
• MACD crossover
• ADX strength confirmation
• Directional movement dominance (+DI vs -DI)
⸻
🧠 Why Use This?
Unlike traditional moving averages or lagging signals, this tool filters market noise using a multi-indicator consensus approach, then visualizes it as a non-intrusive floating trend line — helping you focus only on meaningful price action.
⸻
✅ Best For:
• Swing traders, intraday trend followers, and algo developers
• Clean-chart enthusiasts who value signal quality over quantity
TS Multi-Indicator Trend DetectorDeveloped by KP
This indicator provides a visually clean and reliable trend overlay by combining multiple high-confidence technical indicators into a single floating line above price action. It’s designed for traders who want trend clarity without chart clutter.
⸻
🔍 What It Does:
• Uses EMA (21), RSI, MACD, ADX, and Directional Movement (DI) indicators to evaluate the market trend
• Assigns a “Bullish” or “Bearish” score based on how many indicators confirm the trend
• Plots a floating colored trend line above the price candles to avoid visual interference
• 🟡 Yellow Line = Bullish Trend
• 🔵 Blue Line = Bearish Trend
• Built with multi-timeframe compatibility (works on 5m to weekly charts)
• Minimalist, no noise — no arrows, no labels, just clarity
⸻
⚙️ How It Works:
• Trend shifts when 3 or more out of 5 conditions are met:
• Price above/below 21 EMA
• RSI > 50 or < 50
• MACD crossover
• ADX strength confirmation
• Directional movement dominance (+DI vs -DI)
⸻
🧠 Why Use This?
Unlike traditional moving averages or lagging signals, this tool filters market noise using a multi-indicator consensus approach, then visualizes it as a non-intrusive floating trend line — helping you focus only on meaningful price action.
⸻
✅ Best For:
• Swing traders, intraday trend followers, and algo developers
• Clean-chart enthusiasts who value signal quality over quantity
TS Multi-Indicator Trend DetectorDeveloped by KP
This indicator provides a visually clean and reliable trend overlay by combining multiple high-confidence technical indicators into a single floating line above price action. It’s designed for traders who want trend clarity without chart clutter.
⸻
🔍 What It Does:
• Uses EMA (21), RSI, MACD, ADX, and Directional Movement (DI) indicators to evaluate the market trend
• Assigns a “Bullish” or “Bearish” score based on how many indicators confirm the trend
• Plots a floating colored trend line above the price candles to avoid visual interference
• 🟡 Yellow Line = Bullish Trend
• 🔵 Blue Line = Bearish Trend
• Built with multi-timeframe compatibility (works on 5m to weekly charts)
• Minimalist, no noise — no arrows, no labels, just clarity
⸻
⚙️ How It Works:
• Trend shifts when 3 or more out of 5 conditions are met:
• Price above/below 21 EMA
• RSI > 50 or < 50
• MACD crossover
• ADX strength confirmation
• Directional movement dominance (+DI vs -DI)
⸻
🧠 Why Use This?
Unlike traditional moving averages or lagging signals, this tool filters market noise using a multi-indicator consensus approach, then visualizes it as a non-intrusive floating trend line — helping you focus only on meaningful price action.
⸻
✅ Best For:
• Swing traders, intraday trend followers, and algo developers
• Clean-chart enthusiasts who value signal quality over quantity
⸻
MACD+ Enhanced 0.5The MACD+ Enhanced 0.5 is a sophisticated technical analysis tool that combines multiple indicators to provide a comprehensive view of market trends and potential trading opportunities. This indicator is designed to help traders identify market direction, strength, and potential reversal points with higher accuracy.
Key Features:
- Advanced MACD analysis with customizable parameters
- RSI integration for momentum confirmation
- Volume analysis for trade validation
- Trend strength visualization
- Divergence detection
- Real-time signal strength calculation
- Visual trend zones and trend change markers
- Comprehensive status table
How to Use:
1. The indicator displays three main components:
- MACD with signal line and histogram
- RSI (optional)
- Volume analysis (optional)
2. Trading Signals:
- Strong buy signals occur when multiple factors align (MACD crossover, RSI confirmation, high volume)
- Strong sell signals appear when bearish conditions are confirmed across indicators
- Divergence signals help identify potential trend reversals
3. Visual Guidance:
- Color-coded background indicates current trend (green for uptrend, red for downtrend)
- Trend change markers show when significant trend shifts occur
- Status table provides real-time analysis of all components
Important Notes:
- This indicator is designed as a supplementary tool and should not be used in isolation
- Always combine with other analysis methods and risk management strategies
- Past performance does not guarantee future results
- Recommended for use on multiple timeframes for confirmation
🧘 Daily Mindset Reminder🧘 Daily Trading Mindset Reminder – Stay Calm, Stay Disciplined
📌 Description:
This simple yet powerful indicator is designed to help intraday and options traders start their trading day with clarity, discipline, and purpose. At exactly 9:15 AM, it displays a calming checklist label on your chart to reinforce essential trading principles and avoid emotional decision-making.
✅ Use it as a daily anchor to:
Stay emotionally centered and focused
Avoid overtrading or impulsive reactions
Remember your pre-trade plan and stop-loss rules
Trade with purpose – not prediction
📋 Checklist Included:
✅ Calm Mind
✅ No Predictions – Just Reactions
✅ Trade Setup Ready
✅ Risk Defined
✅ Journal On
✅ Goal: Trade Well, Not Just Profit
🛠️ Works on any timeframe and chart. Non-intrusive and customizable.
🌟 Who Is It For?
Intraday Traders
Options Buyers (Bank Nifty, Nifty, Fin Nifty)
Discretionary Traders who want mental clarity and discipline
🧭 Why You Need It
Most traders lose not because of lack of strategy, but due to lack of mindset control. This simple tool keeps you grounded and reminds you of what matters before you place that first trade.
✨ “Mindset is the real edge. Let this script be your daily compass.”
Market Sessions Indicator by NomadTradesCustomisable Market session indicator
This indicator visually marks the high and low price levels for the Asia, London, and New York trading sessions directly on the chart, using distinct horizontal lines and color-coding for each session. Each session’s high and low are labelled for easy identification, allowing traders to quickly assess key support and resistance levels established during major global market hours. The indicator is designed for clear session demarcation, helping users identify price reactions at these significant levels and supporting multi-session analysis for intraday and swing trading strategies
TradeQUO Herrick Payoff RSIHerrick Payoff Index RSI (HPI-RSI) with Signal Line
An advanced oscillator that measures market strength not just by price, but by "smart money flow."
This indicator is not a typical RSI. Instead of applying the Relative Strength Index to price alone, it calculates it on the cumulative Herrick Payoff Index (HPI) . This creates a unique oscillator that reflects the underlying sentiment and capital flow in the market.
What is the Herrick Payoff Index (HPI)?
The HPI is a classic sentiment indicator that combines three crucial elements to determine if money is flowing into or out of an asset:
Price Change: The direction and momentum of the market.
Trading Volume: The conviction behind the price movement.
Open Interest (OI): The total number of open contracts (mainly in futures), which indicates if new capital is entering the market.
By combining these factors, the HPI provides a more comprehensive picture of market strength than indicators based solely on price.
How This Indicator Works
The script follows a logical, multi-step process:
It calculates the raw Herrick Payoff Index for each bar.
It creates a cumulative sum of this index to generate a continuous money flow value.
This cumulative value is smoothed with a short-period EMA to reduce noise.
The RSI is then applied to this smoothed HPI value.
An additional, configurable signal line (moving average) is added to facilitate trading signals.
Interpretation and Application
You can use this indicator much like a standard RSI, but with the added context of money flow:
Overbought/Oversold: Values above 70 suggest an overbought condition, while values below 30 signal an oversold condition.
Signal Line Crossovers: A cross of the HPI-RSI line above the signal line can be seen as a bullish signal. A cross below can be seen as a bearish signal.
Divergences: Look for divergences between the indicator and the price. A bullish divergence (price makes a lower low, indicator makes a higher low) can indicate an upcoming move to the upside. A bearish divergence (price makes a higher high, indicator makes a lower high) can signal a potential move to the downside.
Settings
The indicator has been deliberately kept simple:
HPI Smoothing Length: Smoothing length (1-5) for the cumulative HPI.
RSI Length: The lookback period for the RSI calculation.
Signal Line Settings: Here you can enable/disable the signal line and customize its type and length.
Display Settings: Adjust the colors of the RSI and signal lines to your preference.
This indicator is a tool for analysis and should always be used in combination with other methods and a solid risk management strategy. Happy trading!
StochFusion – Multi D-LineStochFusion – Multi D-Line
An advanced fusion of four Stochastic %D lines into one powerful oscillator.
What it does:
Combines four user-weighted Stochastic %D lines—from fastest (9,3) to slowest (60,10)—into a single “Fusion” line that captures both short-term and long-term momentum in one view.
How to use:
Adjust the four weights (0–10) to emphasize the speed of each %D component.
Watch the Fusion line crossing key zones:
– Above 80 → overbought condition, potential short entry.
– Below 20 → oversold condition, potential long entry.
– Around 50 → neutral/midline, watch for trend shifts.
Applications:
Entry/exit filter: Only take trades when the Fusion line confirms zone exits.
Trend confirmation: Analyze slope and cross of the midline for momentum strength.
Multi-timeframe alignment: Use on different chart resolutions to find confluence.
Tips & Tricks:
Default weights give more influence to slower %D—good for trend-focused strategies.
Equal weights provide a balanced oscillator that mimics an ensemble average.
Experiment: Increase the fastest weight to capture early reversal signals.
Developed by: TradeQUO — inspired by DayTraderRadio John
“The best momentum indicator is the one you adapt to your own trading rhythm.”
ATR, ADX, RSI TableATR, ADX & RSI Dashboard (Color-Coded)
Overview
This indicator provides a clean, all-in-one dashboard that displays the current values for three of the most popular technical indicators: Average True Range (ATR), Average Directional Index (ADX), and Relative Strength Index (RSI).
To make analysis faster and more intuitive, the values in the table are dynamically color-coded based on key thresholds. This allows you to get an immediate visual summary of market volatility, trend strength, and momentum without cluttering your main chart area.
Features
The indicator displays a simple table in the bottom-right corner of your chart with the following color logic:
ATR (Volatility): Measures the average volatility of an asset.
Green: Low Volatility (ATR is less than 3% of the current price).
Orange: Moderate Volatility (ATR is between 3% and 5%).
Red: High Volatility (ATR is greater than 5%).
ADX (Trend Strength): Measures the strength of the underlying trend, regardless of its direction.
Red: Weak or Non-Trending Market (ADX is below 20).
Orange: Developing or Neutral Trend (ADX is between 20 and 25).
Green: Strong Trend (ADX is above 25).
RSI (Momentum): Measures the speed and change of price movements to identify overbought or oversold conditions.
Green: Potentially Oversold (RSI is below 40).
Orange: Neutral/Normal Conditions (RSI is between 40 and 70).
Red: Potentially Overbought (RSI is above 70).
How to Use
This tool is perfect for traders who want a quick, at-a-glance understanding of the current market state. Instead of analyzing three separate indicators, you can use this dashboard to:
Quickly confirm if a strong trend is present before entering a trade.
Assess volatility to adjust your stop-loss and take-profit levels.
Instantly spot potential overbought or oversold conditions.
Customization
All input lengths for the ATR, ADX, and RSI are fully customizable in the indicator's settings menu, allowing you to tailor the calculations to your specific trading style and timeframe.
Session Status Table📌 Session Status Table
Session Status Table is an indicator that displays the real-time status of the four major trading sessions:
* 🇯🇵 Asia (Tokyo)
* 🇬🇧 London
* 🇺🇸 New York AM
* 🇺🇸 New York PM
It shows which sessions are currently open, how much time remains until they open or close, and optionally sends alerts in advance.
🧩 Features:
* Real-time session table — shows the status of each session on the chart.
* Color-coded statuses:
* 🟢 Green – Session is open
* 🔴 Red – Session is closed
* ⚪ Gray – Weekend
* Countdown timers until session open or close.
* User alerts — receive a notification a custom number of minutes before a session starts.
⚙️ Customization:
* Table position — fully configurable.
* Session colors — customizable for open, closed, and weekend states.
* Session labels — customizable with icons.
* Notifications:
* Enabled through TradingView's Alerts panel.
* User-defined lead time before session opens.
🕒 Time Zones:
All times are calculated in UTC to ensure consistency across different markets and regions, avoiding discrepancies from time zones and daylight saving time.
🚨 How to enable alerts:
1. Open the "Alerts" panel in TradingView.
2. Click "Create Alert".
3. In the condition dropdown, choose "Session Status Table".
4. Set to any alert() trigger.
5. Save — you'll be notified a set number of minutes before each session begins.
ℹ️ Technical Notes:
* Built with Pine Script version 6.
* Logically divided into clear sections: inputs, session calculations, table rendering, and alerts.
* Optimized for performance and reliability on all timeframes.
Ideal for traders who use session activity in their strategies — especially in Forex, crypto, and futures markets.
DCI### 📌 **DCI – Direction Correlation Index**
#### 🔹 **What It Is**
The **Direction Correlation Index (DCI)** is a tool for measuring how closely a group of up to 10 symbols move together in both *trend correlation* and *short-term direction*. It helps identify whether a group of assets is acting in unison or moving independently.
---
#### ⚙️ **How It Works**
DCI outputs three key metrics:
1. **Average Correlation**
* Measures the average of all pairwise correlations between the selected symbols.
* Prices are first standardized using a z-score (based on simple moving average and standard deviation over a user-defined lookback period).
* Correlation is calculated using Pearson’s method for all 45 symbol pairs.
* Result ranges from:
* `+1.00` = strong positive correlation
* `0.00` = no correlation
* `-1.00` = strong inverse correlation
2. **Direction Agreement %**
* Checks whether each symbol is moving up or down compared to its previous bar.
* Calculates the percentage of symbols moving in the same direction.
* For example: if 7 of 10 symbols are moving up and 3 are moving down, the direction agreement is 70%.
3. **Strong Correlation Count**
* Counts how many of the 45 symbol pairs have an absolute correlation above `0.7`.
* Helps highlight how many pairs are currently highly correlated.
---
#### 📈 **How to Use It**
1. **Select Symbols**
* In the **Settings**, you can input up to 10 custom symbols. These can be stocks, indices, forex pairs, crypto, or any tradable asset.
2. **Adjust the Lookback Period**
* Defines how many bars back are used to calculate z-scores and correlations.
* Default is `12`. Use shorter periods for faster response; longer periods for smoother, slower data.
3. **Interpret the Table (Plotted on Chart)**
* **Avg Corr**: Tells you how much the group is co-moving. High correlation often reflects unified market behavior.
* **Dir Agr %**: Shows directional sync. High values mean most instruments are trending the same way in the current bar.
* **> 0.7**: The number of pairs currently strongly correlated (|corr| > 0.7).
---
#### 🧠 **Practical Usage Tips**
* Use DCI to monitor **sector alignment**, **portfolio behavior**, or **market group momentum**.
* Confirm trend strength by checking if high correlation aligns with a strong direction agreement.
* Low correlation + mixed direction can signal **choppy or indecisive markets**.
* High correlation + strong direction = **trend confirmation** across your selected instruments.
- Made with DeepSeek
HTF Overlay Candles (Aggregated)🕯️ Synthetic Aggregated Candles
Created by: The_Forex_Steward
License: Mozilla Public License 2.0
🔍 Description
This indicator creates visually aggregated candles directly on your chart, allowing you to view synthetic candlesticks that combine multiple bars into one. It enables a higher-level perspective of price action without switching timeframes.
Each synthetic candle is built by combining a user-defined number of consecutive bars (e.g., 4 bars from the current timeframe form one aggregated candle). It accurately tracks open, high, low, and close values, then draws a colored box and wick to represent the aggregated data.
⚙️ Features
Aggregation Factor: Combine candles over a custom number of bars (e.g., 4 = 4x current TF)
Timezone Alignment: Aggregation is aligned with midnight in UTC-5 (modifiable in code)
Custom Colors: Choose colors for bullish and bearish synthetic candles
Body Opacity: Control the opacity of the candle body for visual clarity
Wick Width: Customize the thickness of the candle wick
📌 Use Case
Ideal for traders looking to:
- Reduce noise in lower timeframes
- Visualize price action in broader chunks
- Spot larger structure and swing patterns without switching charts
📈 How It Works
At every bar, the script checks whether a new aggregation interval has begun (aligned to the day start). If so, it finalizes the previous candle and starts a new one. On the last bar of the chart, it ensures the final synthetic candle is drawn.
✅ Tip
For best results, apply this script on intraday timeframes and experiment with different aggregation factors (4, 6, 12, etc.) to discover the most insightful compression for your strategy.
Note: This script is optimized for visual representation only. It does not repaint, but it is not intended for algorithmic strategies or alerts.
15Min Opening Range & Midline (UTC+2) This TradingView script draws the 15-minute Opening Range of the day based on a user-defined start time and plots the high, low, and midline of this range. It works by capturing the high and low of the first 15 minutes of the session, and then extending them for the rest of the trading day. The midline is calculated as the average of the high and low values.
Key Features:
User-configurable start time: Define the hour and minute for when the opening range should start based on your local time zone.
Line customization: Choose the color and line style (solid, dashed, dotted) for the high, low, and midline.
Easy-to-read visual representation: The high and low lines extend across the chart from the range start, with the midline placed in the center.
Dynamic updates: The indicator resets at the start of each new trading day and updates the opening range lines accordingly.
Perfect for:
Traders looking to monitor the initial market range during the first 15 minutes of trading.
Identifying key support and resistance levels based on early price action.
Providing a midline to assess market bias and potential breakouts.
Notes:
The indicator calculates everything based on the local time zone you define and automatically adjusts to your desired start time.
It will not redraw lines; once drawn, they remain on the chart until the next session.
COT-Index-NocTradingCOT Index Indicator
The COT Index Indicator is a powerful tool designed to visualize the Commitment of Traders (COT) data and offer insights into market sentiment. The COT Index is a measurement of the relative positioning of commercial traders versus non-commercial and retail traders in the futures market. It is widely used to identify potential market reversals by observing the extremes in trader positioning.
Customizable Timeframe: The indicator allows you to choose a custom time interval (in months) to visualize the COT data, making it flexible to fit different trading styles and strategies.
How to Use:
Visualize Market Sentiment: A COT Index near extremes (close to 0 or 100) can indicate potential turning points in the market, as it reflects extreme positioning of different market participant groups.
Adjust the Time Interval: The ability to adjust the time interval (in months) gives traders the flexibility to analyze the market over different periods, which can be useful in detecting longer-term trends or short-term shifts in sentiment.
Combine with Other Indicators: To enhance your analysis, combine the COT Index with your technical analysis.
This tool can serve as an invaluable addition to your trading strategy, providing a deeper understanding of the market dynamics and the positioning of major market participants.
Consolidation Range with Signals (Zeiierman)█ Overview
Consolidation Range with Signals (Zeiierman) is a precision tool for identifying and trading market consolidation zones, where price contracts into tight ranges before significant movement. It provides dynamic range detection using either ADX-based trend strength or volatility compression metrics, and offers built-in take profit and stop loss signals based on breakout dynamics.
Whether you trade breakouts, range reversals, or trend continuation setups, this indicator visualizes the balance between supply and demand with clearly defined mid-bands, breakout zones, and momentum-sensitive TP/SL placements.
█ How It Works
⚪ Multi-Method Range Detection
ADX Mode
Uses the Average Directional Index (ADX) to detect low-trend-strength environments. When ADX is below your selected threshold, price is considered to be in consolidation.
Volatility Mode
This mode detects consolidation by identifying periods of volatility compression. It evaluates whether the following metrics are simultaneously below their respective historical rolling averages:
Standard Deviation
Variance
Average True Range (ATR)
⚪ Dynamic Range Band System
Once a range is confirmed, the system builds a dynamic band structure using a volatility-based filter and price-jump logic:
Middle Line (Trend Filter): Reacts to price imbalance using adaptive jump logic.
Upper & Lower Bands: Calculated by expanding from the middle line using a configurable multiplier.
This creates a clean, visual box that reflects current consolidation conditions and adapts as price fluctuates within or escapes the zone.
⚪ SL/TP Signal Engine
On detection of a breakout from the range, the indicator generates up to 3 Take Profit levels and one Stop Loss, based on the breakout direction:
All TP/SL levels are calculated using the filtered base range and multipliers.
Cooldown logic ensures signals are not spammed bar-to-bar.
Entries are visualized with colored lines and labeled levels.
This feature is ideal for traders who want automated risk and reward reference points for range breakout plays.
█ How to Use
⚪ Breakout Traders
Use the SL/TP signals when the price breaks above or below the range bands, especially after extended sideways movement. You can customize how far TP1, TP2, and TP3 sit from the entry using your own risk/reward profile.
⚪ Mean Reversion Traders
Use the bands to locate high-probability reversion zones. These serve as reference zones for scalping or fade entries within stable consolidation phases.
█ Settings
Range Detection Method – Choose between ADX or Volatility compression to define range criteria.
Range Period – Determines how many bars are used to compute trend/volatility.
Range Multiplier – Scales the width of the consolidation zone.
SL/TP System – Optional levels that project TP1/TP2/TP3 and SL from the base price using multipliers.
Cooldown – Prevents repeated SL/TP signals from triggering too frequently.
ADX Threshold & Smoothing – Adjusts sensitivity of trend strength detection.
StdDev / Variance / ATR Multipliers – Fine-tune compression detection logic.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
