Buy Sell Magic Rework
A version of the legendary Forex indicator Buy Sell Magic for TradingView, with optional additional filtering in the settings.
A simple yet very effective trend-following tool — I personally used it for trading gold 14 years ago, and it still works great today!
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Volatilité
VoVix DEVMA🌌 VoVix DEVMA: A Deep Dive into Second-Order Volatility Dynamics
Welcome to VoVix+, a sophisticated trading framework that transcends traditional price analysis. This is not merely another indicator; it is a complete system designed to dissect and interpret the very fabric of market volatility. VoVix+ operates on the principle that the most powerful signals are not found in price alone, but in the behavior of volatility itself. It analyzes the rate of change, the momentum, and the structure of market volatility to identify periods of expansion and contraction, providing a unique edge in anticipating major market moves.
This document will serve as your comprehensive guide, breaking down every mathematical component, every user input, and every visual element to empower you with a profound understanding of how to harness its capabilities.
🔬 THEORETICAL FOUNDATION: THE MATHEMATICS OF MARKET DYNAMICS
VoVix+ is built upon a multi-layered mathematical engine designed to measure what we call "second-order volatility." While standard indicators analyze price, and first-order volatility indicators (like ATR) analyze the range of price, VoVix+ analyzes the dynamics of the volatility itself. This provides insight into the market's underlying state of stability or chaos.
1. The VoVix Score: Measuring Volatility Thrust
The core of the system begins with the VoVix Score. This is a normalized measure of volatility acceleration or deceleration.
Mathematical Formula:
VoVix Score = (ATR(fast) - ATR(slow)) / (StDev(ATR(fast)) + ε)
Where:
ATR(fast) is the Average True Range over a short period, representing current, immediate volatility.
ATR(slow) is the Average True Range over a longer period, representing the baseline or established volatility.
StDev(ATR(fast)) is the Standard Deviation of the fast ATR, which measures the "noisiness" or consistency of recent volatility.
ε (epsilon) is a very small number to prevent division by zero.
Market Implementation:
Positive Score (Expansion): When the fast ATR is significantly higher than the slow ATR, it indicates a rapid increase in volatility. The market is "stretching" or expanding.
Negative Score (Contraction): When the fast ATR falls below the slow ATR, it indicates a decrease in volatility. The market is "coiling" or contracting.
Normalization: By dividing by the standard deviation, we normalize the score. This turns it into a standardized measure, allowing us to compare volatility thrust across different market conditions and timeframes. A score of 2.0 in a quiet market means the same, relatively, as a score of 2.0 in a volatile market.
2. Deviation Analysis (DEV): Gauging Volatility's Own Volatility
The script then takes the analysis a step further. It calculates the standard deviation of the VoVix Score itself.
Mathematical Formula:
DEV = StDev(VoVix Score, lookback_period)
Market Implementation:
This DEV value represents the magnitude of chaos or stability in the market's volatility dynamics. A high DEV value means the volatility thrust is erratic and unpredictable. A low DEV value suggests the change in volatility is smooth and directional.
3. The DEVMA Crossover: Identifying Regime Shifts
This is the primary signal generator. We take two moving averages of the DEV value.
Mathematical Formula:
fastDEVMA = SMA(DEV, fast_period)
slowDEVMA = SMA(DEV, slow_period)
The Core Signal:
The strategy triggers on the crossover and crossunder of these two DEVMA lines. This is a profound concept: we are not looking at a moving average of price or even of volatility, but a moving average of the standard deviation of the normalized rate of change of volatility.
Bullish Crossover (fastDEVMA > slowDEVMA): This signals that the short-term measure of volatility's chaos is increasing relative to the long-term measure. This often precedes a significant market expansion and is interpreted as a bullish volatility regime.
Bearish Crossunder (fastDEVMA < slowDEVMA): This signals that the short-term measure of volatility's chaos is decreasing. The market is settling down or contracting, often leading to trending moves or range consolidation.
⚙️ INPUTS MENU: CONFIGURING YOUR ANALYSIS ENGINE
Every input has been meticulously designed to give you full control over the strategy's behavior. Understanding these settings is key to adapting VoVix+ to your specific instrument, timeframe, and trading style.
🌀 VoVix DEVMA Configuration
🧬 Deviation Lookback: This sets the lookback period for calculating the DEV value. It defines the window for measuring the stability of the VoVix Score. A shorter value makes the system highly reactive to recent changes in volatility's character, ideal for scalping. A longer value provides a smoother, more stable reading, better for identifying major, long-term regime shifts.
⚡ Fast VoVix Length: This is the lookback period for the fastDEVMA. It represents the short-term trend of volatility's chaos. A smaller number will result in a faster, more sensitive signal line that reacts quickly to market shifts.
🐌 Slow VoVix Length: This is the lookback period for the slowDEVMA. It represents the long-term, baseline trend of volatility's chaos. A larger number creates a more stable, slower-moving anchor against which the fast line is compared.
How to Optimize: The relationship between the Fast and Slow lengths is crucial. A wider gap (e.g., 20 and 60) will result in fewer, but potentially more significant, signals. A narrower gap (e.g., 25 and 40) will generate more frequent signals, suitable for more active trading styles.
🧠 Adaptive Intelligence
🧠 Enable Adaptive Features: When enabled, this activates the strategy's performance tracking module. The script will analyze the outcome of its last 50 trades to calculate a dynamic win rate.
⏰ Adaptive Time-Based Exit: If Enable Adaptive Features is on, this allows the strategy to adjust its Maximum Bars in Trade setting based on performance. It learns from the average duration of winning trades. If winning trades tend to be short, it may shorten the time exit to lock in profits. If winners tend to run, it will extend the time exit, allowing trades more room to develop. This helps prevent the strategy from cutting winning trades short or holding losing trades for too long.
⚡ Intelligent Execution
📊 Trade Quantity: A straightforward input that defines the number of contracts or shares for each trade. This is a fixed value for consistent position sizing.
🛡️ Smart Stop Loss: Enables the dynamic stop-loss mechanism.
🎯 Stop Loss ATR Multiplier: Determines the distance of the stop loss from the entry price, calculated as a multiple of the current 14-period ATR. A higher multiplier gives the trade more room to breathe but increases risk per trade. A lower multiplier creates a tighter stop, reducing risk but increasing the chance of being stopped out by normal market noise.
💰 Take Profit ATR Multiplier: Sets the take profit target, also as a multiple of the ATR. A common practice is to set this higher than the Stop Loss multiplier (e.g., a 2:1 or 3:1 reward-to-risk ratio).
🏃 Use Trailing Stop: This is a powerful feature for trend-following. When enabled, instead of a fixed stop loss, the stop will trail behind the price as the trade moves into profit, helping to lock in gains while letting winners run.
🎯 Trail Points & 📏 Trail Offset ATR Multipliers: These control the trailing stop's behavior. Trail Points defines how much profit is needed before the trail activates. Trail Offset defines how far the stop will trail behind the current price. Both are based on ATR, making them fully adaptive to market volatility.
⏰ Maximum Bars in Trade: This is a time-based stop. It forces an exit if a trade has been open for a specified number of bars, preventing positions from being held indefinitely in stagnant markets.
⏰ Session Management
These inputs allow you to confine the strategy's trading activity to specific market hours, which is crucial for day trading instruments that have defined high-volume sessions (e.g., stock market open).
🎨 Visual Effects & Dashboard
These toggles give you complete control over the on-chart visuals and the dashboard. You can disable any element to declutter your chart or focus only on the information that matters most to you.
📊 THE DASHBOARD: YOUR AT-A-GLANCE COMMAND CENTER
The dashboard centralizes all critical information into one compact, easy-to-read panel. It provides a real-time summary of the market state and strategy performance.
🎯 VOVIX ANALYSIS
Fast & Slow: Displays the current numerical values of the fastDEVMA and slowDEVMA. The color indicates their direction: green for rising, red for falling. This lets you see the underlying momentum of each line.
Regime: This is your most important environmental cue. It tells you the market's current state based on the DEVMA relationship. 🚀 EXPANSION (Green) signifies a bullish volatility regime where explosive moves are more likely. ⚛️ CONTRACTION (Purple) signifies a bearish volatility regime, where the market may be consolidating or entering a smoother trend.
Quality: Measures the strength of the last signal based on the magnitude of the DEVMA difference. An ELITE or STRONG signal indicates a high-conviction setup where the crossover had significant force.
PERFORMANCE
Win Rate & Trades: Displays the historical win rate of the strategy from the backtest, along with the total number of closed trades. This provides immediate feedback on the strategy's historical effectiveness on the current chart.
EXECUTION
Trade Qty: Shows your configured position size per trade.
Session: Indicates whether trading is currently OPEN (allowed) or CLOSED based on your session management settings.
POSITION
Position & PnL: Displays your current position (LONG, SHORT, or FLAT) and the real-time Profit or Loss of the open trade.
🧠 ADAPTIVE STATUS
Stop/Profit Mult: In this simplified version, these are placeholders. The primary adaptive feature currently modifies the time-based exit, which is reflected in how long trades are held on the chart.
🎨 THE VISUAL UNIVERSE: DECIPHERING MARKET GEOMETRY
The visuals are not mere decorations; they are geometric representations of the underlying mathematical concepts, designed to give you an intuitive feel for the market's state.
The Core Lines:
FastDEVMA (Green/Maroon Line): The primary signal line. Green when rising, indicating an increase in short-term volatility chaos. Maroon when falling.
SlowDEVMA (Aqua/Orange Line): The baseline. Aqua when rising, indicating a long-term increase in volatility chaos. Orange when falling.
🌊 Morphism Flow (Flowing Lines with Circles):
What it represents: This visualizes the momentum and strength of the fastDEVMA. The width and intensity of the "beam" are proportional to the signal strength.
Interpretation: A thick, steep, and vibrant flow indicates powerful, committed momentum in the current volatility regime. The floating '●' particles represent kinetic energy; more particles suggest stronger underlying force.
📐 Homotopy Paths (Layered Transparent Boxes):
What it represents: These layered boxes are centered between the two DEVMA lines. Their height is determined by the DEV value.
Interpretation: This visualizes the overall "volatility of volatility." Wider boxes indicate a chaotic, unpredictable market. Narrower boxes suggest a more stable, predictable environment.
🧠 Consciousness Field (The Grid):
What it represents: This grid provides a historical lookback at the DEV range.
Interpretation: It maps the recent "consciousness" or character of the market's volatility. A consistently wide grid suggests a prolonged period of chaos, while a narrowing grid can signal a transition to a more stable state.
📏 Functorial Levels (Projected Horizontal Lines):
What it represents: These lines extend from the current fastDEVMA and slowDEVMA values into the future.
Interpretation: Think of these as dynamic support and resistance levels for the volatility structure itself. A crossover becomes more significant if it breaks cleanly through a prior established level.
🌊 Flow Boxes (Spaced Out Boxes):
What it represents: These are compact visual footprints of the current regime, colored green for Expansion and red for Contraction.
Interpretation: They provide a quick, at-a-glance confirmation of the dominant volatility flow, reinforcing the background color.
Background Color:
This provides an immediate, unmistakable indication of the current volatility regime. Light Green for Expansion and Light Aqua/Blue for Contraction, allowing you to assess the market environment in a split second.
📊 BACKTESTING PERFORMANCE REVIEW & ANALYSIS
The following is a factual, transparent review of a backtest conducted using the strategy's default settings on a specific instrument and timeframe. This information is presented for educational purposes to demonstrate how the strategy's mechanics performed over a historical period. It is crucial to understand that these results are historical, apply only to the specific conditions of this test, and are not a guarantee or promise of future performance. Market conditions are dynamic and constantly change.
Test Parameters & Conditions
To ensure the backtest reflects a degree of real-world conditions, the following parameters were used. The goal is to provide a transparent baseline, not an over-optimized or unrealistic scenario.
Instrument: CME E-mini Nasdaq 100 Futures (NQ1!)
Timeframe: 5-Minute Chart
Backtesting Range: March 24, 2024, to July 09, 2024
Initial Capital: $100,000
Commission: $0.62 per contract (A realistic cost for futures trading).
Slippage: 3 ticks per trade (A conservative setting to account for potential price discrepancies between order placement and execution).
Trade Size: 1 contract per trade.
Performance Overview (Historical Data)
The test period generated 465 total trades , providing a statistically significant sample size for analysis, which is well above the recommended minimum of 100 trades for a strategy evaluation.
Profit Factor: The historical Profit Factor was 2.663 . This metric represents the gross profit divided by the gross loss. In this test, it indicates that for every dollar lost, $2.663 was gained.
Percent Profitable: Across all 465 trades, the strategy had a historical win rate of 84.09% . While a high figure, this is a historical artifact of this specific data set and settings, and should not be the sole basis for future expectations.
Risk & Trade Characteristics
Beyond the headline numbers, the following metrics provide deeper insight into the strategy's historical behavior.
Sortino Ratio (Downside Risk): The Sortino Ratio was 6.828 . Unlike the Sharpe Ratio, this metric only measures the volatility of negative returns. A higher value, such as this one, suggests that during this test period, the strategy was highly efficient at managing downside volatility and large losing trades relative to the profits it generated.
Average Trade Duration: A critical characteristic to understand is the strategy's holding period. With an average of only 2 bars per trade , this configuration operates as a very short-term, or scalping-style, system. Winning trades averaged 2 bars, while losing trades averaged 4 bars. This indicates the strategy's logic is designed to capture quick, high-probability moves and exit rapidly, either at a profit target or a stop loss.
Conclusion and Final Disclaimer
This backtest demonstrates one specific application of the VoVix+ framework. It highlights the strategy's behavior as a short-term system that, in this historical test on NQ1!, exhibited a high win rate and effective management of downside risk. Users are strongly encouraged to conduct their own backtests on different instruments, timeframes, and date ranges to understand how the strategy adapts to varying market structures. Past performance is not indicative of future results, and all trading involves significant risk.
🔧 THE DEVELOPMENT PHILOSOPHY: FROM VOLATILITY TO CLARITY
The journey to create VoVix+ began with a simple question: "What drives major market moves?" The answer is often not a change in price direction, but a fundamental shift in market volatility. Standard indicators are reactive to price. We wanted to create a system that was predictive of market state. VoVix+ was designed to go one level deeper—to analyze the behavior, character, and momentum of volatility itself.
The challenge was twofold. First, to create a robust mathematical model to quantify these abstract concepts. This led to the multi-layered analysis of ATR differentials and standard deviations. Second, to make this complex data intuitive and actionable. This drove the creation of the "Visual Universe," where abstract mathematical values are translated into geometric shapes, flows, and fields. The adaptive system was intentionally kept simple and transparent, focusing on a single, impactful parameter (time-based exits) to provide performance feedback without becoming an inscrutable "black box." The result is a tool that is both profoundly deep in its analysis and remarkably clear in its presentation.
⚠️ RISK DISCLAIMER AND BEST PRACTICES
VoVix+ is an advanced analytical tool, not a guarantee of future profits. All financial markets carry inherent risk. The backtesting results shown by the strategy are historical and do not guarantee future performance. This strategy incorporates realistic commission and slippage settings by default, but market conditions can vary. Always practice sound risk management, use position sizes appropriate for your account equity, and never risk more than you can afford to lose. It is recommended to use this strategy as part of a comprehensive trading plan. This was developed specifically for Futures
"The prevailing wisdom is that markets are always right. I take the opposite view. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis."
— George Soros
— Dskyz, Trade with insight. Trade with anticipation.
Volatility + Momentum Breakout Signals
**Volatility + Momentum Breakout Signals**
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## 🎯 **Purpose**
This indicator is designed to **identify potential breakout opportunities** — both **bullish** and **bearish** — by combining **volatility expansion** with **momentum direction**.
Breakouts are often more reliable when both volatility and momentum agree. This tool helps detect such alignments early.
---
## 📐 **How It Works**
The indicator uses **3 key components**:
### 1. **Average True Range (ATR)**
* Measures **market volatility** — how wide the price is moving.
* If ATR is **rising**, it means price is swinging more — indicating energy buildup.
### 2. **Bollinger Band Width (BB Width)**
* Measures the **distance between upper and lower Bollinger Bands**.
* If BB Width is **increasing**, the bands are expanding — signaling a possible breakout after a tight range.
### 3. **Relative Strength Index (RSI)**
* Measures **momentum** of price direction.
* If RSI is **above 50 and rising**, the trend is bullish.
* If RSI is **below 50 and falling**, the trend is bearish.
---
## 📈 **Signal Conditions**
### ✅ **Bullish Breakout Signal** (Buy)
* **ATR is rising**
* **BB Width is rising**
* **RSI is above 50 and rising**
🟢 If all three occur, a **Buy Signal** is plotted with a green triangle at the bottom of the chart.
---
### 🚫 **Bearish Breakout Signal** (Sell)
* **ATR is rising**
* **BB Width is rising**
* **RSI is below 50 and falling**
🔴 If all three occur, a **Sell Signal** is plotted with a red triangle at the top of the chart.
---
## 📊 **What Is Plotted**
* **RSI line** with 30, 50, and 70 reference levels.
* **BB Width (%)** — shows how wide the Bollinger Bands are (orange line).
* **ATR** — the actual range of price movement (purple area).
* **Buy/Sell Markers** when conditions align.
---
## 🛠️ **Usage**
This indicator is ideal for:
* **Breakout traders** — to catch sharp price moves.
* **Swing traders** — to identify strong momentum continuation.
* **Volatility-based entry strategies**.
GARCH Volatility [Trading Signals]This is a GARCH-like indicator rather than a full academic GARCH model
Current Strengths:
Current Strengths:
Captures core volatility clustering (alpha + beta)
Provides actionable signals
Lightweight for TradingView
When to Use This vs True GARCH:
Use This For: Real-time trading signals, visual market analysis
Use Full GARCH For: Risk modeling, quantitative research
Shavarie Gordon’s Phantom Trigger The Phantom Trigger is a precision-engineered confluence indicator developed by Shavarie Gordon — the result of 7 years of trading experience distilled into one clean, powerful tool.
This system filters out noise and focuses only on high-quality trades, combining three powerful elements:
🔹 Momentum Bend Detection – custom logic to detect shifts in directional strength
🔹 Delta Volume Pressure – smoothed order flow showing who’s in control (buyers vs sellers)
🔹 RSI Bend Confirmation – micro-level reversal insight from RSI (length 1 by default)
When all three align, the Phantom Trigger activates:
📈 Line bends up → high-probability buy
📉 Line bends down → high-probability sell
Key Features:
Built for confluence-based traders who want sniper accuracy
Filters out random or weak setups — no low-quality trades
Perfect for scalping, swing, or smart intraday positioning
Lightweight, non-repainting, and easy to read
👑 Final Note:
This tool isn’t for guessing — it’s for traders who wait, confirm, and strike.
Every signal reflects the precision and patience of a 7-year trading journey.
Disclaimer:
This indicator is for educational and informational purposes only and does not constitute financial advice. Use at your own discretion and always apply risk management.
Fear and Greed Indicator [DunesIsland]The Fear and Greed Indicator is a TradingView indicator that measures market sentiment using five metrics. It displays:
Tiny green circles below candles when the market is in "Extreme Fear" (index ≤ 25), signalling potential buys.
Tiny red circles above candles when the market is in "Greed" (index > 75), indicating potential sells.
Purpose: Helps traders spot market extremes for contrarian trading opportunities.Components (each weighted 20%):
Market Momentum: S&P 500 (SPX) vs. its 125-day SMA, normalized over 252 days.
Stock Price Strength: Net NYSE 52-week highs (INDEX:HIGN) minus lows (INDEX:LOWN), normalized.
Put/Call Ratio: 5-day SMA of Put/Call Ratio (USI:PC).
Market Volatility: VIX (VIX), inverted and normalized.
Stochastic RSI: 14-period RSI on SPX with 3-period Stochastic SMA.
Alerts:
Buy: Index ≤ 25 ("Extreme Fear - Potential Buy").
Sell: Index > 75 ("Greed - Potential Sell").
EdgeXplorer - Momentum EngineMomentum Engine by EdgeXplorer
Momentum Engine is a precision-driven oscillator and trend framework engineered to track market momentum with adaptive clarity. Unlike traditional momentum indicators, this engine blends ATR-based envelope logic, multi-mode oscillator scaling, and real-time directional overlays—all in one responsive system.
Designed for intraday traders and swing strategists alike, Momentum Engine offers a streamlined way to visualize momentum direction, impulse strength, and volatility-adaptive trend zones—with minimal noise and maximum context.
⸻
🔍 What Does Momentum Engine Do?
Momentum Engine visualizes market energy through a volatility-aware oscillator and accompanying trend overlays. It adapts dynamically to price behavior and enables traders to:
• Detect momentum waves with real-time visual cues
• Confirm directional bias using trend overlays and impulse zones
• Switch between Regular and Normalized oscillator modes
• See heatmap-based signal confirmation for crossovers
• View optional info panels, labels, and trend bar colors for clarity
It’s a compact yet powerful system built for discretionary and systematic use.
⸻
⚙️ How It Works – Technical Breakdown
1. Trend Envelope Logic
At its core, Momentum Engine constructs a price envelope using:
• The average of the highest closes and highs (Baseline Length)
• The average of the lowest closes and lows
• A multiplied ATR to scale the distance between upper and lower bounds
These bounds determine trend bias:
• Price above the short side of the channel → Bullish
• Price below the long side → Bearish
• In-between → Neutral
A dynamic midline tracks the central channel axis.
2. Oscillator Wave Calculation
The momentum oscillator reacts to price positioning relative to the envelope:
• In Regular Mode, it shows raw price deviation from the trend channel
• In Normalized Mode, it maps price movement into a 0–100 scale with historical scaling logic
Both modes use smoothing (Smoothing) to reduce noise.
3. Overlay Channel (Optional)
• Displays trend floors (bull) and ceilings (bear) on the price chart
• Color-coded trend shifts appear as pulse circles
• Optionally, bars themselves can be recolored for instant trend recognition
4. Heatmap Signal Zones
The background dynamically changes based on oscillator crossovers:
• Bullish signal → Yellow heatmap
• Bearish signal → Blue heatmap
These zones signal momentum ignition, especially helpful for early entries.
⸻
📈 What You See on the Chart
Element Meaning
Green Momentum Wave Bullish pressure (oscillator > midline or >50)
Red Momentum Wave Bearish pressure (oscillator < midline or <50)
Zero Line Base reference in Regular mode
Gray Guide Lines (Normalized) Bands for Overbought (85), Oversold (15), and Neutral (33–50)
Channel Lines Trend bias boundaries (bull/bear zones)
Pulse Marker (Circle) Trend direction change
Bar Colors (Optional) Bull or bear bar overlays for added clarity
Background Heatmap Bullish or bearish impulse confirmation
Info Table (Optional) Real-time trend and oscillator data panel
Debug Labels (Optional) Inline oscillator readings per bar
⸻
📊 Inputs & Settings
Engine Settings
Input Description
Timeframe Optional custom timeframe override
Baseline Length Determines envelope size (larger = smoother trend)
Multiplier Factor Controls ATR-based range expansion
Momentum Wave Settings
Input Description
Mode Regular = raw wave, Normalized = 0–100 scaling
Bull/Bear Colors Wave color customization
Line Width & Smoothing Visual clarity adjustments
Overlay Channel
Input Description
Show Overlay Toggle trend ceilings/floors on chart
Channel Colors Separate bull/bear lines
Trend Bar Color Recolors candle bodies based on trend bias
Signal Heatmap
Input Description
Enable Heatmap Background impulse shading toggle
Bull / Bear Colors Adjust visual tone of crossover zones
Add-ons
Input Description
Show Debug Labels View oscillator values at each bar
Show Info Panel Display current trend, oscillator value, and mode
⸻
🧠 How to Use Momentum Engine
Regular Mode
• Oscillator above 0 = Bullish bias
• Oscillator below 0 = Bearish bias
• Use zero line as your confirmation threshold
Normalized Mode
• 85 → Overbought / exhaustion
• <15 → Oversold / reversal watch
• Crossing 50 → Momentum ignition
• 33–50 → Neutral zone / ranging phase
Visual Interpretation Tips
• Green wave + yellow heatmap = Bull momentum confirmation
• Red wave + blue heatmap = Bear momentum confirmation
• Pulse marker = New trend — evaluate strength with wave slope
• Trend bar coloring = Scan trend alignment at a glance
⸻
🧪 Use Cases & Strategy Ideas
• ⚡ Scalping Impulse Moves
Use oscillator + heatmap crossover to catch directional bursts
• 🔁 Pullback Continuation
Wait for momentum to reset near neutral zone, then re-enter trend
• 📉 Reversal Triggers
Look for divergence or Normalized wave flipping at extremes
• 🎯 Multi-timeframe Confirmation
Set custom timeframe and layer on top of a higher or lower TF structure
HL/OL Histogram + (Close-Open)🧠 Core Concept
This indicator is designed to detect meaningful directional intent in price action using a combination of:
Intrabar candle structure (high - open, open - low)
Net price momentum (close - open)
Timed trigger levels (frozen buy/sell prices based on selected timeframe closes)
The core idea is to visually separate bullish and bearish energy in the current bar, and to mark the price at which momentum flips from down to up or vice versa, based on a change in the close - open differential.
🔍 Components Breakdown
1. Histogram Bars
Green Bars (high - open): Represent bullish upper wicks, showing intrabar strength above the open.
Red Bars (open - low): Represent bearish lower wicks, showing pressure below the open.
Plotted as histograms above and below the zero line.
2. Close–Open Line (White)
Plots the difference between close and open for each bar.
Helps you visually track when momentum flips from negative to positive, or vice versa.
A bold black zero line provides clear reference for these flips.
3. Buy/Sell Signal Logic
A Buy Trigger is generated when close - open crosses above zero
A Sell Trigger occurs when close - open crosses below zero
These trigger events are one-shot, meaning they’re only registered once per signal direction. No retriggers occur until the opposite condition is met.
📈 Trigger Price Table (Static)
On a signal trigger, the close price from a lower timeframe (15S, 30S, 1, 2, 3, or 5 min) is captured.
This price is frozen and displayed in a table at the top-right of the pane.
The price remains fixed until the opposite trigger condition fires, at which point it is replaced.
Why close price?
Using the close from the lower timeframe gives a precise, decisive reference point — ideal for planning limit entries or confirming breakout commitment.
🛠️ Use Cases
Momentum traders can use the histogram and line to time entries after strong open rejection or close breakouts.
Scalpers can quickly gauge intrabar sentiment reversals and react to new momentum without waiting for candle closes.
Algo builders can use the frozen price logic as precise entry or confirmation points in automated strategies.
ATR as % of Close (Daily)Sometimes, ATR is more comparable and meaningful when we express it in % rather than dollar. This is a quickly developed version (using ChatGPT), so review it and use it with caution, although the calculation is quite straightforward.
High-Low Range % – poslední 2 periodyHere’s a ready-to-use **English description** for publishing your script on TradingView:
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## 📈 **High-Low Range % – Last 2 Periods**
This indicator calculates and visualizes the **percentage range** between the **High and Low** of the last **two closed periods** (daily, weekly, or monthly – user selectable).
### 🔍 Features:
* Displays the **High–Low range in %** for each of the **two most recent completed candles**.
* **Highlights** the range label if it exceeds a user-defined threshold (e.g., 10%).
* Allows switching between **daily, weekly, or monthly** timeframe bases.
* User controls for:
* Range threshold
* Label color (normal and highlighted)
* Label text size
* Vertical label offset above the High
### ⚙️ Inputs:
* **Timeframe**: Select between `"D"`, `"W"`, or `"M"` to define the range period.
* **Threshold (%)**: If the range exceeds this value, the label changes color.
* **Highlight Color**: Color for ranges above the threshold.
* **Normal Color**: Color for ranges below the threshold.
* **Text Size**: Tiny → Huge label size.
* **Offset**: Distance in ticks to place the label above the period's High.
### 🖼 Visual Output:
* A label placed **just above the High** of the respective candle.
* High and Low levels of the selected period are plotted as horizontal lines.
* Only the **two most recent closed periods** are displayed to keep the chart clean.
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Let me know if you'd also like a **screenshot description** or **tags** for publication (e.g., `volatility`, `range`, `BTC`, `weekly`, etc.).
VIX-Price Covariance MonitorThe VIX-Price Covariance Monitor is a statistical tool that measures the evolving relationship between a security's price and volatility indices such as the VIX (or VVIX).
It can give indication of potential market reversal, as typically, volatility and the VIX increase before markets turn red,
This indicator calculates the Pearson correlation coefficient using the formula:
ρ(X,Y) = cov(X,Y) / (σₓ × σᵧ)
Where:
ρ is the correlation coefficient
cov(X,Y) is the covariance between price and the volatility index
σₓ and σᵧ are the standard deviations of price and the volatility index
Enjoy!
Features
Dual Correlation Periods: Analyze both short-term and long-term correlation trends simultaneously
Adaptive Color Coding: Correlation strength is visually represented through color intensity
Market Condition Assessment: Automatic interpretation of correlation values into actionable market insights
Leading/Lagging Analysis: Optional time-shift analysis to detect predictive relationships
Detailed Information Panel: Real-time statistics including current correlation values, historical averages, and trading implications
Interpretation
Positive Correlation (Red): Typically bearish for price, as rising VIX correlates with falling markets. This is what traders should be looking for.
Negative Correlation (Green): Typically bullish for price, as falling VIX correlates with rising markets
How to use it
Apply the indicator to any chart to see its correlation with the default VIX index
Adjust the correlation length to match your trading timeframe (shorter for day trading, longer for swing trading)
Enable the secondary correlation period to compare different timeframes simultaneously
For advanced analysis, enable the Leading/Lagging feature to detect if VIX changes precede or follow price movements
Use the information panel to quickly assess the current market condition and potential trading implications
Rob Hoffman IRB Strategy by SniffDog30 Min Bonk Strategy. Not sure if this is beneficial for other tokens/coins. Use at you own risk.
Good strategy for starter in Rob Hoffman style of indicators.
NOTE:
1) Switch to 30 mins
2) adjust to your exchange and quantity of trade
Buy/Sell Indicator (RSI, MACD, ATR) v6+Buy Sell indicators based on EMA, Volume and MACD Has buy and sale flag indicators
Non-Repainting RSI 30/70 SignalA simple buy and sell indicator that relies on overbought and oversold areas that you enter whenyou get either a buy or sold signal.
Time-Specific Volume AverageA volume indicator based on historic volume.
Checks for the average volume in the past few days at the same time of day. This helps you determine when there is truly volume in the markets.
We will see often see sustained volume above the average during a clear trend. If you see spikes in volume without it being sustained above the average, it is very likely that the trend will die off quickly.
This is very helpful in determining whether to trade based on a trend following system, or a range based system.
Settings are below:
Days to average: Number of days to look back(tradingview has limits depending on your plan)
SMA Length: Number of "volume averages" to look at. Keep this at 1 if you want the average volume at the exact moment in the day. If you increase it, will also average in the past few candles of "volume averages".
SMA Multiplier: Multiplies the SMA by this amount(helps to get higher quality trends)
Dynamic Ray BandsAbout Dynamic Ray Bands
Dynamic Ray Bands is a volatility-adaptive envelope indicator that adjusts in real time to evolving market conditions. It uses a Double Exponential Moving Average (DEMA) as its central trend reference, with upper and lower bands scaled according to current volatility measured by the Average True Range (ATR).
This creates a dynamic structure that visually frames price action, helping traders identify areas of potential trend continuation, overextension, or mean reversion.
How It Works
🟡 Centerline (DEMA)
The central yellow line is a Double Exponential Moving Average, which offers a smoother, less laggy trend signal than traditional moving averages. It represents the market’s short- to medium-term “equilibrium.”
🔵 Outer Bands
Plotted at:
Upper Band = DEMA + (ATR × outerMultiplier)
Lower Band = DEMA - (ATR × outerMultiplier)
These bands define the extreme bounds of current volatility. When price breaks above or below them, it can signal strong directional momentum or overbought/oversold conditions, depending on context. They're often used as trend breakout zones or to time exits after extended runs.
🟣 Inner Bands
Plotted closer to the DEMA:
Inner Upper = DEMA + (ATR × innerMultiplier)
Inner Lower = DEMA - (ATR × innerMultiplier)
These are preliminary volatility thresholds, offering early cues for potential expansion or reversal. They may be used for scalping, tight stop zones, or pre-breakout positioning.
🔁 Dynamic Width (Bands are Dynamically Adjusted Per Tick)
The width of both inner and outer bands is based on ATR (Average True Range), which is recalculated in real time. This means:
During high volatility, the bands expand, allowing for wider price fluctuations.
During low volatility, the bands contract, tightening range expectations.
Unlike fixed-width channels or standard Bollinger Bands (which use standard deviation), this per-tick adjustment via ATR enables Dynamic Ray Bands to reduce false signals in choppy markets and remain more reactive during trending conditions.
⚙️ Inputs
DMA Length — Period for the central DEMA.
ATR Length — Lookback used for ATR volatility calculations.
Outer Band Multiplier — Controls sensitivity of extreme bands.
Inner Band Multiplier — Controls proximity of inner bands.
Show Inner Bands — Toggle for plotting the inner zone.
🔔 Alerts
Alert conditions are included for:
Price closing above/below the outer bands (trend momentum or overextension)
Price closing above/below the inner bands (early signs of strength/weakness)
🧭 Use Cases
Breakout detection — Catch price continuation beyond the outer bands.
Volatility filtering — Adjust trade logic based on band width.
Mean reversion — Monitor for snapbacks toward the DEMA after price stretches too far.
Trend guidance — Use band slope and price position to confirm direction.
⚠️ Disclaimer
This script is intended for educational and informational purposes only. It does not constitute financial advice or a recommendation to trade any specific market or security. Always test indicators thoroughly before using them in live trading.
Volatility Zones (STDEV %)This indicator calculates and visualizes the relative price volatility of any asset, expressed as a percentage of standard deviation over a rolling window.
🧠 How it works:
- Calculates rolling standard deviation of price (close) as a percentage of the current price.
- Classifies market into three volatility regimes :
• Low Volatility (≤2%) → Blue zone
• Medium Volatility (2–4%) → Orange zone
• High Volatility (>4%) → Red zone
📊 Why it matters:
Volatility structure reflects the underlying regime of the market — ranging, expanding, or trending. This tool helps traders:
- Spot optimal low-risk entry conditions
- Avoid chop zones or highly erratic moves
- Time breakouts or trend initiations
🛠 Usage:
- Works on any timeframe and instrument
- Adjustable lookback period
- Best used alongside trend filters or entry signals (e.g., SuperTrend, EMAs, etc.)
Convergence [by Oberlunar]
The Convergence Indicator by Oberlunar is a multi-timeframe analysis tool that identifies and visualizes trend convergence across up to 10 configurable timeframes using advanced customizable moving averages, including Hull, OberX (a Hull mod), THMA, EMA, and SMA, with an optional pseudo-Hilbert Transform.
It provides a clear visual overlay through gradual fill areas that highlight bullish and bearish trends while offering a fully configurable dynamic table to monitor live trend states across all selected timeframes with user-defined colors and positioning.
This tool is designed for traders who seek to pinpoint multi-timeframe convergence points to enhance their decision-making process in trend-following and breakout strategies.
Oberlunar 👁️⭐
Adaptive Causal Wavelet Trend FilterThe Adaptive Causal Wavelet Trend Filter is a technical indicator implementing causal approximations of wavelet transform properties for better trend detection with adaptive volatility response.
The Adaptive Causal Wavelet Trend Filter (ACWTF) applies mathematical principles derived from wavelet analysis to financial time series, providing robust trend identification with minimal lag. Unlike conventional moving averages, it preserves significant price movements while filtering market noise through signal processing that i describe below.
I was inspired to build this indicator after reading " Wavelet-Based Trend Identification in Financial Time Series " by In, F., & Kim, S. 2013 and reading about Mexican Hat wavelet filters.
The ACWTF maintains optimal performance across varying market regimes without requiring parameter adjustments by adapting filter characteristics to current volatility conditions.
Mathematical Foundation
Inspired by the Mexican Hat wavelet (Ricker wavelet), this indicator implements causal approximations of wavelet filters optimized for real-time financial analysis. The multi-resolution approach identifies features at different scales and the adaptive component dynamically adjusts filtering characteristics based on local volatility measurements.
Key mathematical properties include:
Non-linear frequency response adaptation
Edge-preserving signal extraction
Scale-space analysis through dual filter implementation
Volatility-dependent coefficient adjustment, which I love
Filter Methods
Adaptive: Implements a volatility-weighted combination of multiple filter types to optimize the time-frequency resolution trade-off
Hull: Provides a causal approximation of wavelet edge detection properties with forward-projection characteristics
VWMA: Incorporates volume information into the filtering process for enhanced signal detection
EMA Cascade: Creates a multi-pole filter structure that approximates certain wavelet scaling properties
Suggestion: try all as they will provide slightly different signals. Try also different time-frames.
Practical Applications
Trend Direction Identification: Clear visual trend direction with reduced noise and lag
Regime Change Detection: Early identification of significant trend reversals
Market Condition Analysis: Integrated volatility metrics provide context for current market behavior
Multi-timeframe Confirmation: Alignment between primary and secondary filters offers additional confirmation
Entry/Exit Timing: Filter crossovers and trend changes provide potential trading signals
The comprehensive information panel provides:
Current filter method and trend state
Trend alignment between timeframes
Real-time volatility assessment
Price position relative to filter
Overall trading bias based on multiple factors
Implementation Notes
Log returns option provides improved statistical properties for financial time series
Primary and secondary filter lengths can be adjusted to optimize for specific instruments and timeframes
The indicator performs particularly well during trend transitions and regime changes
The indicator reduces the need for using additional indicators to check trend reversion
RSI- RSI 8 Level Indicator
- Finally, The Bullish and Bearish 8 Level Power Zone indicator with alerts on each level!
Customize the colors however you like and remember if you need to set alerts you can also do that in the alerts section of the indicator. Just make sure what level the alert is for, and always look out for regular divergence, hidden divergence, and exaggerated divergence using this indicator that goes along with the power zones. :)
- RSI Strategy
Trading Bullish & Bearish Power Zones using regular divergence, hidden divergence, and exaggerated divergence.
P.s.
90, 80, 50, 40 Bullish Power Zones in green
65, 55, 30, 20 Bearish Power Zones in red
Capital Risk OptimizerCapital Risk Optimizer 🛡️
The Capital Risk Optimizer is an educational tool designed to help traders study capital efficiency, risk management, and scaling strategies when using leverage.
This script calculates and visualizes essential metrics for managing leveraged positions, including:
Entry Price – The current market price.
Stop Loss Level – Automatically derived using the 30-bar lowest low minus 1 ATR (default: 14-period ATR), an approach designed to create a dynamic, volatility-adjusted stop loss.
Stop Loss Distance (%) – The percentage distance between entry and stop.
Maximum Safe Leverage – The highest leverage allowable without risking liquidation before your stop is reached.
Margin Required – The amount of collateral necessary to support the desired position size at the calculated leverage.
Position Size – The configurable notional value of your trade.
These outputs are presented in a clean, customizable table overlay so you can quickly understand how position sizing, volatility, and leverage interact.
By default, the script uses a 14-period ATR combined with the lowest low of the past 30 bars, providing an optimal balance between sensitivity and noise for defining stop placement. This methodology helps traders account for market volatility in a systematic way.
The Capital Risk Optimizer is particularly useful as a portfolio management tool, supporting traders who want to study how to scale into positions using risk-adjusted sizing and capital efficiency principles. It pairs best with backtested strategies, and does not directly produce signals of any kind.
How to Use:
Set your desired position size.
Adjust the ATR and lookback settings to fine-tune stop loss placement.
Study the resulting leverage and margin requirements in real time.
Use this information to simulate and visualize potential trade scenarios and capital allocation models.
Disclaimer:
This script is provided for educational and informational purposes only. It does not constitute financial advice and should not be relied upon for live trading decisions. Always do your own research and consult with a qualified professional before making any trading or investment decisions.
PRO Investing - ATR Quant.algo by proinvesting.coATR Quant.algo by PROInvesting.co
A powerful and visually intuitive trend-following system designed to capture high-momentum moves and avoid market chop.
Quant.algo combines a dynamic trend-following EMA with multi-level ATR volatility zones to provide a complete trading framework with clear entry signals, stop-loss levels, and take-profit targets.
Key Features:
Dynamic Trend EMA: A thick baseline that turns Green for uptrends and Red for downtrends. Only trade in the direction of the trend.
Multi-Level ATR Zones: Automatically adapting channels that define ideal zones for entries, stops, and profit-taking.
Volatility Filter: A smart filter that tints the background when volatility is expanding, helping you avoid sideways markets and only trade when the market is ready to move.
Pullback Entry Signals: Clear BUY and SELL arrows appear after a pullback to the EMA, providing high-probability entry points.
Simple Trading Rules:
Go LONG: When the baseline is Green, wait for a Green BUY arrow, and aim for the upper TP Zone. Place your stop below the orange Stop Zone line.
Go SHORT: When the baseline is Red, wait for a Red SELL arrow, and aim for the lower TP Zone. Place your stop above the orange Stop Zone line.
Best For:
Traders: Swing Traders & Position Traders.
Timeframes: 4-Hour (H4) and Daily (D1).
Assets: Trending markets (Indices, Forex, Crypto).
K Bands v2.2K Bands v2 - Settings Breakdown (Timeframe Agnostic)
K Bands v2 is an adaptive volatility envelope tool designed for flexibility across different trading
styles and timeframes.
The settings below allow complete control over how the bands are constructed, smoothed, and how
they respond to market volatility.
1. Upstream MA Type
Controls the core smoothing applied to price before calculating the bands.
Options:
- EMA: Fast, responsive, reacts quickly to price changes.
- SMA: Classic moving average, slower but provides stability.
- Hull: Ultra smooth, reduces noise significantly but may react differently to choppy conditions.
- GeoMean: Geometric mean smoothing, creates a unique, slightly smoother line.
- SMMA: Wilder-style smoothing, balances noise reduction and responsiveness.
- WMA: Weighted Moving Average, emphasizes recent price action for sharper responsiveness.
2. Smoothing Length
Lookback period for the upstream moving average.
- Lower values: Faster reaction, captures short-term shifts.
- Higher values: Smoother trend depiction, filters out noise.
3. Multiplier
Determines the width of the bands relative to calculated volatility.
- Lower multiplier: Tighter bands, more signals, but increased false breakouts.
- Higher multiplier: Wider bands, fewer false signals, more conservative.
4. Downstream MA Type
Applies final smoothing to the band plots after initial calculation.
Same options as Upstream MA.
5. Downstream Smoothing Length
Lookback period for downstream smoothing.
- Lower: More responsive bands.
- Higher: Smoother, visually cleaner bands.
6. Band Width Source
Selects the method used to calculate band width based on market volatility.
Options:
- ATR (Average True Range): Smooth, stable bands based on price range expansion.
- Stdev (Standard Deviation): More reactive bands highlighting short-term volatility spikes.
7. ATR Smoothing Type
Controls how the ATR or Stdev value is smoothed before applying to band width.
Options:
- Wilder: Classic, stable smoothing.
- SMA: Simple moving average smoothing.
- EMA: Faster, more reactive smoothing.
- Hull: Ultra-smooth, noise-reducing smoothing.
- GeoMean: Geometric mean smoothing.
8. ATR Length
Lookback period for smoothing the volatility measurement (ATR or Stdev).
- Lower: More reactive bands, captures quick shifts.
- Higher: Smoother, more stable bands.
9. Dynamic Multiplier Based on Volatility
Allows the band multiplier to adapt automatically to changes in market volatility.
- ON: Bands expand during high volatility and contract during low volatility.
- OFF: Bands remain fixed based on the set multiplier.
10. Dynamic Multiplier Sensitivity
Controls how aggressively the dynamic multiplier responds to volatility changes.
- Lower values: Subtle adjustments.
- Higher values: More aggressive band expansion/contraction.
K Bands v2 is designed to be adaptable across any market or timeframe, helping visualize price
structure, trend, and volatility behavior.
