Support - Resistance & Fibonacci [StrixEDGE]StrixZONE automatically detects Support and Resistance zones from price structure and overlays Fibonacci retracement levels — with a deliberate visual separation between the two. S/R zones are drawn historically (left of current price), while Fibonacci levels project into the future (right of current price). This separation ensures zero overlap and a clean, readable chart.
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HOW IT WORKS
The indicator operates on two independent analytical layers:
LAYER 1 — SUPPORT & RESISTANCE (Historical)
Automatically detects swing highs and swing lows using configurable pivot lookback detection. The most recent three resistance levels (R1, R2, R3) and three support levels (S1, S2, S3) are tracked and displayed as colored zones extending across the historical portion of the chart, stopping at the current bar.
R1/S1 is the most recent and visually strongest. R2/S2 and R3/S3 progressively fade, reflecting their age and diminishing relevance. Resistance zones are red, support zones are teal. Each zone has a configurable thickness based on ATR, creating a price band rather than a single line — because in practice, support and resistance are zones, not exact prices.
LAYER 2 — FIBONACCI RETRACEMENT (Forward Projection)
Calculates the highest high and lowest low over a 120-bar lookback and draws seven standard Fibonacci levels between them: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100%. All levels project forward from the current bar by a configurable number of bars (default 20), showing where key retracement levels sit ahead of price.
The 50% and 61.8% levels are drawn with thicker solid lines. All others use thinner dashed lines. The 50%–61.8% region is highlighted as the Golden Zone — the area where retracements most frequently find support or resistance in trending markets. Each level displays its exact price at the right edge.
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VISUAL SEPARATION — WHY IT MATTERS
Most indicators that combine S/R with Fibonacci draw everything on top of the same price area, creating visual clutter that makes the chart harder to read. StrixZONE deliberately separates the two layers in time:
→ S/R zones occupy the left side of the chart (historical price action where the levels were established)
→ Fibonacci levels occupy the right side (projected forward where price is heading)
→ The current bar is the boundary — S/R stops here, Fibonacci starts here
This means you can see at a glance where historical structure sits versus where retracement math says the next key levels are. When a Fibonacci level aligns with a nearby S/R zone, that confluence is immediately visible without the two drawing systems overlapping.
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SUPPORT & RESISTANCE DETAILS
Detection uses the standard pivot high/low method with a configurable lookback (default 10 bars). A swing high requires the bar's high to be higher than all bars within the lookback window on both sides. The same logic applies in reverse for swing lows.
Levels shift automatically as new pivots are detected. When a new resistance pivot forms, R1 becomes R2, R2 becomes R3, and the new level takes the R1 position. This ensures the most current market structure is always prioritized.
Visual hierarchy:
→ R1 / S1 — most opaque, largest label (most recent, most relevant)
→ R2 / S2 — slightly faded (still relevant but older)
→ R3 / S3 — most faded (historical context, may be invalidated)
Zone width is ATR-based (default 0.2× ATR), so zones automatically adapt to the instrument's volatility. A high-volatility asset gets wider zones; a stable asset gets tighter zones.
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FIBONACCI DETAILS
Levels are calculated from the absolute highest high and lowest low over the lookback period (default 120 bars). This captures the dominant price range for retracement analysis.
All seven levels are drawn as horizontal lines projecting right from the current bar:
→ 0% and 100% — range boundaries (dashed, subtle gray)
→ 23.6% and 78.6% — minor retracement levels (dashed)
→ 38.2% — standard retracement (dashed)
→ 50% — midpoint (solid, thick, yellow)
→ 61.8% — golden ratio (solid, thick, orange)
The Golden Zone (50%–61.8%) is filled with a translucent highlight and labeled. This is the area where price most commonly reverses during healthy retracements in trending markets.
Each level includes a price label at the right edge showing the percentage and exact price value, making it easy to set orders at these levels.
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DASHBOARD
A compact table in the top-right corner displays:
→ R1 — nearest resistance price
→ S1 — nearest support price
→ FIB 50% — the midpoint price for quick reference
→ POSITION — current price as a percentage of the Fibonacci range (e.g., 72% means price is in the upper portion of the range)
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SETTINGS
Support & Resistance:
• Pivot Lookback (default 10) — bars required on each side to confirm a swing. Higher values detect fewer but more significant levels.
• Zone Width (default 0.2 ATR) — thickness of each S/R zone. Increase for wider zones on volatile instruments.
Fibonacci:
• Fibonacci Bars Right (default 20) — how far the levels project into the future.
• Golden Zone toggle — show or hide the 50–61.8% highlight.
Display:
• Show S/R Zones — toggle the entire S/R layer.
• Show Fibonacci — toggle the entire Fibonacci layer.
• Show Dashboard — toggle the status table.
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WHAT MAKES THIS ORIGINAL
StrixZONE is not simply S/R lines drawn next to Fibonacci lines. Its originality lies in the deliberate temporal separation: S/R zones render historically from where they were established, while Fibonacci levels project exclusively into the future. This design choice eliminates the visual clutter that occurs when both systems draw over the same price bars — a problem common to multi-layer overlay indicators. The ATR-adaptive zone width, the three-tier visual hierarchy for level relevance, and the clean forward projection of Fibonacci create a tool that is structurally distinct from standard S/R or Fibonacci indicators.
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RECOMMENDED USE
Designed for all timeframes and all markets with OHLC data: crypto, forex, stocks, indices, commodities. Particularly effective on 15-minute to 4-hour charts for day and swing trading. Works well as a standalone structural analysis tool or alongside momentum indicators like StrixEDGE or StrixPULSE.
Look for confluence: when a Fibonacci level (especially 50% or 61.8%) sits near an S/R zone, that price area carries double significance as a potential reversal or breakout point.
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ALERTS
Two alert conditions available:
→ Resistance Breakout — price closes above R1
→ Support Breakdown — price closes below S1
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DISCLAIMER
This indicator is a technical analysis tool, not financial advice. No indicator guarantees profitable outcomes. Past performance does not indicate future results. Always apply proper risk management. Indicator
Indicator
Indicator
Fibonacci Volume Profilefibonacci volume profile — institutional edition v2
fibonacci volume profile is a chart-based volume profile tool designed to combine volume structure, fibonacci levels, poc, vah, val, bull/bear volume split, merged poc clusters, confluence detection, global heatmap zones and live volume profile gauges in one visual workspace.
the goal of this tool is to help traders understand where volume is concentrated, where price is reacting, and where important structural levels may exist on the chart.
this indicator is not a buy or sell system. it is a market structure and volume analysis tool. it helps the user read the chart with more context before making a trading decision.
main concept
volume profile shows where volume has traded inside a selected price range.
instead of only looking at candles, this tool studies how volume is distributed across price levels. areas with high volume can act as important reaction zones because many market participants traded there. areas with lower volume can sometimes show thinner zones where price may move faster.
the script builds volume profiles using different trigger modes:
fixed bars
session
manual period
each profile displays volume rows, poc, value area, fibonacci levels and optional advanced modules.
how the volume profile works
each volume profile divides the selected range into several price rows.
for every row, the script estimates how much volume traded there.
the row with the highest volume becomes the poc.
the value area contains the main part of traded volume, based on the selected value area percentage.
vah is the upper limit of the value area.
val is the lower limit of the value area.
poc, vah and val are often used by traders as reference levels for reaction, acceptance, rejection, balance and imbalance.
important levels
poc
poc means point of control. it is the price level with the highest volume inside the profile.
a poc can act as a magnet when price returns to it. it can also become a reaction level if price rejects it.
vah
vah means value area high. it marks the upper boundary of the value area.
price above vah can show strength or expansion away from value.
price rejecting vah can show that buyers failed to accept higher prices.
val
val means value area low. it marks the lower boundary of the value area.
price below val can show weakness or expansion away from value.
price rejecting val can show that sellers failed to accept lower prices.
fibonacci module
the script can draw fibonacci levels from the selected volume profile structure.
the anchor can be based on:
vp range
vah to val
poc to range
the fibonacci direction can be automatic or manually selected.
automatic direction uses the dominant bull or bear volume logic to decide whether the fibonacci should be drawn from low to high or from high to low.
this makes the fibonacci module connected to the volume profile context instead of being only a manual drawing tool.
bull and bear volume split
the profile can separate estimated bullish and bearish volume.
this helps identify whether volume inside the profile is more aggressive on the buy side or the sell side.
the delta method can be selected from several modes:
bar direction
range position
body weighted
wick absorption
hybrid pro
this does not represent real bid and ask order flow. it is an estimation based on candle behavior and volume distribution.
merged poc module
when several poc levels are close together, the script can merge them into a cleaner cluster.
this helps reduce chart noise and makes repeated high-volume zones easier to read.
a merged poc cluster can show that several profiles agree around the same price area.
when multiple poc levels cluster near the same zone, that level can become more important for future analysis.
confluence detector
the true confluence detector looks for clusters between different level types.
it can combine:
poc
vah
val
fibonacci levels
multiple profiles
the idea is to identify zones where several independent references are close to each other.
a confluence zone is not a guaranteed reversal point. it is a zone where the chart deserves more attention.
global heatmap
the global heatmap aggregates visible volume profiles into one heatmap zone on the right side of the chart.
this gives a broader view of where volume is concentrated across all visible profiles.
the global heatmap can help identify larger high-volume areas and thinner zones.
live vp gauges panel
the live vp gauges panel shows live information about the current developing volume profile.
it includes readings such as:
buy pressure
sell pressure
net delta estimate
value area position
distance to poc
distance to vah
distance to val
current row pressure
last bar pressure
close location inside the vp range
this panel is not an order book. it does not use bid and ask data. it is based on the current volume profile structure.
dashboard
the dashboard gives a quick summary of the current mode and important status information.
it can show:
current vp mode
number of stored profiles
nearest poc
distance to nearest poc
fibonacci status
poc merge status
value area extension status
confluence status
global heatmap status
poc touch alert
the script includes a poc touch alert.
this alert can help notify when price reaches a stored poc level.
a poc touch does not mean immediate entry. it only means price has reached an important volume reference level.
how to use the tool
step 1: choose the vp mode
fixed bars creates a new profile every selected number of bars.
session creates profiles based on the selected session.
manual period builds a live profile from a fixed manual number of bars.
beginners can start with fixed bars because it is simple and stable.
step 2: choose the number of rows
rows per vp controls how detailed the volume profile is.
more rows give more precision but can make the chart heavier.
fewer rows give a cleaner view but less detail.
a balanced setting is usually better for beginners.
step 3: read poc, vah and val
start by locating the poc.
then look at vah and val.
ask three simple questions:
is price above value?
is price below value?
is price inside value?
this gives a basic market context.
step 4: check reaction zones
watch how price behaves when it reaches poc, vah, val, fibonacci levels or merged poc clusters.
a strong reaction can show rejection.
a slow move through the level can show acceptance.
a clean breakout can show expansion away from value.
step 5: confirm with price action
do not trade only because price touches a level.
wait for confirmation such as:
market structure shift
rejection candle
break and retest
support or resistance reaction
volume confirmation
trend confirmation
example 1: price returns to poc
price moves away from a profile and later returns to the poc.
this can be a magnet zone because the poc is the highest volume level of that profile.
a beginner can watch if price accepts the poc or rejects it.
if price holds above poc after a retest, it may show support behavior.
if price rejects below poc, it may show resistance behavior.
example 2: rejection at vah
price moves up into vah and fails to stay above it.
this can show that higher prices are not accepted.
a trader can then look for bearish confirmation on the normal price chart.
the level itself is only a reference. confirmation is still required.
example 3: reaction at val
price drops into val and quickly rejects lower prices.
this can show that sellers failed to push price below value.
a trader can then look for bullish confirmation before considering a long setup.
example 4: merged poc cluster
several poc levels appear close to each other and the script merges them.
this creates a cleaner high-volume cluster.
if price returns to that cluster, it can become an important decision zone.
a beginner should watch whether price bounces, consolidates, or breaks through the cluster.
example 5: confluence zone
a poc, a fibonacci level and a value area boundary appear near the same price.
the confluence detector can highlight this type of zone.
this does not predict the future, but it helps the trader focus on areas where several references agree.
example 6: global heatmap
the global heatmap shows a strong high-volume area on the right side of the chart.
if price trades near this zone, it may slow down, react or consolidate.
if price moves through a low-volume zone, it may move faster.
beginner trading workflow
first, identify the current trend on the main chart.
then, check where price is compared to the nearest poc.
next, look at vah and val.
then, check if there is a merged poc cluster or confluence zone nearby.
after that, wait for price action confirmation.
finally, define risk before entering any trade.
a simple beginner rule is:
do not enter just because a level appears.
wait for price to react.
wait for confirmation.
protect the trade with a clear invalidation level.
best use cases
volume profile analysis
poc reaction zones
value area reading
fibonacci confluence
session profile analysis
fixed range profile analysis
support and resistance context
market balance and imbalance reading
high-volume and low-volume zone detection
beginner-friendly structure analysis
settings overview
vp trigger
selects how the profile is created.
fixed bars builds profiles after a fixed number of bars.
session builds profiles around selected market sessions.
manual period builds a profile from a manual number of bars.
bars per vp
controls how many bars are used before a new fixed profile is created.
manual period bars
controls the number of bars used for the manual live profile.
max vp visible
controls how many profiles remain visible on the chart.
rows per vp
controls the number of price rows inside each profile.
value area percentage
controls how much of the profile volume is included inside the value area.
vp width percentage
controls the visual width of each profile.
show fibonacci
enables or disables fibonacci levels.
anchor type
selects what structure is used to anchor fibonacci levels.
fib direction
selects automatic or manual fibonacci direction.
show poc
shows or hides the point of control.
show vah and val
shows or hides value area high and value area low.
extend poc right
extends poc levels to the right side of the chart.
merge close poc lines
merges close poc levels into cleaner clusters.
bull and bear split
shows estimated bullish and bearish volume separately.
delta method
selects how bullish and bearish volume is estimated.
global heatmap
shows an aggregated heatmap from visible profiles.
true confluence detector
detects zones where several important levels cluster together.
live vp gauges panel
shows live pressure and distance readings from the developing profile.
dashboard
shows a compact status panel with useful script information.
risk note
this indicator is designed for technical analysis and education. it does not give financial advice and does not guarantee results. levels, profiles, gauges, heatmaps and alerts are references only. always use risk management and confirm every setup with your own analysis. Indicator
Harmonic PatternInstitutional Harmonic
PRZ Lifecycle Scanner is a harmonic pattern and price structure indicator designed to identify confirmed pivot formations, Potential Reversal Zones, pattern lifecycle states, invalidation levels, and ATR-based risk projection areas.
The indicator is built for structured chart reading. It does not predict future price movement, does not execute trades, and does not guarantee results. Its purpose is to help traders study harmonic geometry, PRZ reactions, market structure, volatility context, and risk areas in a clear visual framework.
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MAIN CONCEPT
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Harmonic trading is based on the relationship between price legs. A valid pattern is not only a drawing on the chart. It requires measured ratios, a defined completion area, and a clear invalidation zone.
This indicator uses confirmed pivots to build X-A-B-C-D structures and other market patterns. When a valid structure is detected, the script calculates a Potential Reversal Zone using ratio confluence and then follows the pattern through different lifecycle states.
The main idea is simple:
1. Detect a confirmed structure.
2. Measure the ratios.
3. Build the PRZ.
4. Wait for price interaction with the PRZ.
5. Track reaction, invalidation, or target progression.
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WHAT THE INDICATOR CAN DISPLAY
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The script can display:
* Harmonic X-A-B-C-D structures
* Potential Reversal Zones
* Pattern labels
* Pattern score
* Bullish or bearish direction
* Entry reference
* Invalidation level
* Stop area
* TP1, TP2, and TP3 projection levels
* TP zones
* Pattern lifecycle status
* Dashboard information
* Higher timeframe bias
* Volatility context
* Alert events
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PATTERN LIFECYCLE
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Each pattern can move through several states:
DETECTED
A valid structure has been found and measured.
PRZ TOUCHED
Price has reached the Potential Reversal Zone.
REACTION
A rejection or reaction condition has appeared after price interacts with the PRZ.
TP1 HIT
The first projected target has been reached.
TP2 HIT
The second projected target has been reached.
TP3 HIT
The third projected target has been reached.
FAILED
Price has moved beyond the invalidation area.
EXPIRED
The pattern remained active for too many bars without developing.
This lifecycle approach is designed to separate raw pattern detection from cleaner trading context.
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PATTERNS INCLUDED
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The indicator can detect several harmonic and structural formations, depending on the active settings:
* Gartley
* Bat
* Alternate Bat
* Butterfly
* Crab
* Deep Crab
* Cypher
* 5-0
* AB=CD
* Three Drives
* Double Top
* Double Bottom
* Triple Top
* Triple Bottom
* Head and Shoulders
* Inverse Head and Shoulders
* Triangle
* Wedge
Each pattern type can be enabled or disabled from the settings.
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INPUTS EXPLAINED
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ENGINE SETTINGS
Pivot Depth
Controls how many bars are used to confirm a pivot high or pivot low. A lower value detects more structures but can create more noise. A higher value detects fewer structures but usually produces cleaner formations.
Ratio Tolerance
Defines how much deviation is allowed around the expected Fibonacci or structural ratio. Lower tolerance is stricter. Higher tolerance allows more patterns.
Minimum XA Size
Filters out very small patterns. This helps avoid structures that are too small compared to current volatility.
Minimum Score
Defines the minimum quality score required before a pattern can be displayed. A higher score means fewer but more selective patterns.
Pattern Expiration Bars
Defines how long an active pattern can remain valid before it is considered expired.
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PATTERN SETTINGS
Enable Gartley
Turns Gartley pattern detection on or off.
Enable Bat
Turns Bat pattern detection on or off.
Enable Alternate Bat
Turns Alternate Bat pattern detection on or off.
Enable Butterfly
Turns Butterfly pattern detection on or off.
Enable Crab
Turns Crab pattern detection on or off.
Enable Deep Crab
Turns Deep Crab pattern detection on or off.
Enable Cypher
Turns Cypher pattern detection on or off.
Enable 5-0
Turns 5-0 pattern detection on or off.
Enable AB=CD
Turns AB=CD pattern detection on or off.
Enable Three Drives
Turns Three Drives detection on or off.
Enable Double Top / Bottom
Turns Double Top and Double Bottom detection on or off.
Enable Triple Top / Bottom
Turns Triple Top and Triple Bottom detection on or off.
Enable Head and Shoulders
Turns Head and Shoulders detection on or off.
Enable Inverse Head and Shoulders
Turns Inverse Head and Shoulders detection on or off.
Enable Triangle
Turns triangle structure detection on or off.
Enable Wedge
Turns wedge structure detection on or off.
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PRZ SETTINGS
Show Institutional PRZ
Shows or hides the Potential Reversal Zone.
Auto-Extend PRZ Only
Extends active PRZ zones automatically as new bars appear.
Max Active PRZ Zones
Limits how many PRZ zones can stay visible on the chart.
PRZ Width / Confluence Sensitivity
Controls how tight or wide the PRZ can be around the calculated confluence area. A tighter setting is more selective. A wider setting is more visual and easier to see.
Show PRZ Labels
Shows or hides labels linked to the PRZ and pattern state.
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RISK MODEL SETTINGS
Show Entry / SL / TP
Shows or hides the risk projection model.
Auto-Extend RM Lines / Labels
Extends Entry, SL, TP, and label positions automatically as new bars appear.
Show TP Zones
Shows or hides the colored target zones.
Auto-Extend TP Zones
Extends TP zone backgrounds automatically as new bars appear.
Max Active Risk Models
Limits the number of visible risk models.
Max Active TP Zone Sets
Limits the number of visible TP zone groups.
Level Projection Bars
Controls how far Entry, SL, TP, PRZ, and target zone objects are projected to the right side of the chart.
ATR Stop Multiplier
Controls the distance of the invalidation or stop reference using ATR.
TP1 Multiplier
Controls the first target projection.
TP2 Multiplier
Controls the second target projection.
TP3 Multiplier
Controls the third target projection.
Show TP3
Shows or hides the third target.
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VISUAL SETTINGS
Show Connectors
Shows or hides the internal pattern connector lines.
Show Pattern Labels
Shows or hides the pattern name labels.
Show Ratio Labels
Shows or hides ratio information on the chart.
Neutral Color Theme
Uses a cleaner chart style with more neutral colors.
Bullish Color
Controls the color used for bullish structures.
Bearish Color
Controls the color used for bearish structures.
PRZ Color
Controls the color used for Potential Reversal Zones.
Risk Color
Controls the color used for invalidation or stop areas.
Target Color
Controls the color used for target zones.
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DASHBOARD SETTINGS
Show Dashboard
Shows or hides the information panel.
Dashboard Position
Moves the panel to the selected chart corner.
Dashboard Detail Mode
Controls how much information appears inside the dashboard.
The dashboard can show:
* Last detected pattern
* Direction
* Score
* Status
* PRZ range
* Entry reference
* Invalidation level
* TP1, TP2, TP3
* Higher timeframe bias
* ATR regime
* Active PRZ count
* Active risk model count
* Extension status
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CONTEXT SETTINGS
Use Higher Timeframe Bias
Adds a higher timeframe trend context to the dashboard or scoring logic.
Higher Timeframe
Selects the timeframe used for higher timeframe bias.
HTF EMA Fast
Defines the fast EMA used for higher timeframe trend reading.
HTF EMA Slow
Defines the slow EMA used for higher timeframe trend reading.
Use VWAP Context
Adds VWAP context when available on the chart.
Use ATR Regime
Adds volatility regime information based on ATR behavior.
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ALERT SETTINGS
Alert New Pattern
Triggers an alert when a new valid pattern is detected. This is useful for scanning, but it should not be treated as a trade entry by itself.
Alert PRZ Touch
Triggers an alert when price reaches the PRZ.
Alert Confirmed Reaction
Triggers an alert when price reacts after interacting with the PRZ.
Alert High Score Only
Filters alerts so that only patterns above a selected score can trigger.
Alert Minimum Score
Sets the minimum score required for high-score alerts.
Alert TP Hits
Triggers alerts when TP1, TP2, or TP3 is reached.
Alert Failed Pattern
Triggers an alert when a pattern is invalidated.
Webhook Alert Mode
Allows dynamic alert messages to be used for automation workflows.
For cleaner alerts, it is generally better to focus on confirmed reaction alerts instead of raw new pattern alerts.
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MINI TUTORIAL FOR BEGINNERS
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1. Add the indicator to the chart.
2. Start with default settings.
3. Look for a clean pattern label and PRZ zone.
4. Do not treat a new pattern as an entry by itself. First, wait for price to reach or interact with the PRZ.
5. Check the pattern status:
* DETECTED means the structure exists.
* PRZ TOUCHED means price reached the reaction area.
* REACTION means the script detected a reaction condition.
* FAILED means the setup is invalidated.
* TP1, TP2, or TP3 means projected target areas were reached.
6. Check the dashboard:
* Pattern name
* Direction
* Score
* Status
* PRZ
* Invalidation
* Higher timeframe bias
* Volatility context
7. Compare the setup with your own chart reading:
* Is price near support or resistance?
* Is there liquidity nearby?
* Is the market trending or ranging?
* Is the pattern aligned with the higher timeframe?
* Is the invalidation distance acceptable?
8. Use alerts carefully. For cleaner signals, use confirmed reaction alerts rather than raw detection alerts.
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EXAMPLE USE CASES
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Example 1: Bullish harmonic reaction
A bullish harmonic pattern appears near a previous support area. Price enters the PRZ and prints a rejection reaction. The lifecycle status changes from DETECTED to PRZ TOUCHED, then to REACTION. The trader can use the PRZ, invalidation, and target levels as visual references for further analysis.
Example 2: Bearish pattern near resistance
A bearish pattern forms near a previous resistance area. Price reaches the PRZ and fails to continue upward. If a reaction is detected, the dashboard updates the status and shows the bearish context, invalidation level, and projected targets.
Example 3: Pattern invalidation
A pattern is detected, but price moves beyond the invalidation level. The script marks the pattern as FAILED. This helps separate invalidated setups from still-active ones.
Example 4: Scanning mode
A trader can enable alerts for new patterns to monitor multiple charts. In this mode, new pattern alerts are used only as early notifications. A second check is still needed before making any decision.
Example 5: Cleaner alert mode
A trader who wants fewer alerts can disable New Pattern and PRZ Touch alerts, then keep only Confirmed Reaction, TP Hits, and Failed Pattern alerts active.
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BEST PRACTICES
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Use lower tolerance for stricter pattern detection.
Use higher pivot depth to reduce noise.
Use the dashboard to confirm the pattern state before focusing on the setup.
Use confirmed reaction alerts for cleaner notifications.
Avoid using the indicator alone. Combine it with market structure, support and resistance, liquidity areas, session context, and personal risk management.
Test the indicator on different symbols and timeframes before relying on it for live decisions.
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LIMITATIONS
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This script is an indicator, not a strategy.
It does not place orders.
It does not provide financial advice.
It does not guarantee profitable results.
Patterns can fail.
Alerts depend on the user’s PulseWire alert settings.
Pivot-based tools confirm structures after enough bars have passed, so they should be understood as confirmation tools, not instant prediction tools.
Signals may be less reliable during low liquidity, high spread, major news, or highly erratic market conditions.
Indicator
Auto Trendlines MTF - Break/Retest [AGPro Series]Auto Trendlines MTF - Break/Retest
🔹 OVERVIEW
Auto Trendlines MTF - Break/Retest is a multi-timeframe trendline visualization engine that automatically detects and draws the most structurally significant trendlines across three complementary scales: Micro (current timeframe), Meso (intermediate pivots), and Mega (HTF weekly/monthly overlay). Instead of relying on a single pivot scan, the engine builds a ranked candidate pool from each scale and selects the lines that best represent the active market structure around current price.
The script is designed as a pure analytical visualization tool — it does not generate trading decisions, forecasts, or directional recommendations. Its purpose is to give the chart a clean, hand-drawn-quality trendline layer that updates automatically as new pivots form.
🎯 UNIQUE EDGE
Most auto-trendline tools scan one timeframe and draw whatever fits. This engine operates differently in four specific ways:
• Three-scale MTF engine. Micro pivots on the current TF, Meso pivots with wider sensitivity, and Mega trendlines derived from Weekly/Monthly HTF pivots are computed independently and rendered together with a visual hierarchy (Mega dominant, Meso intermediate, Micro active).
• Log-space geometry. All trendline math runs in log-price space, so long-dated diagonals on volatile assets (crypto, growth stocks) do not distort visually when the chart is viewed in logarithmic mode.
• Touch-weighted ranking with violation penalty. Each candidate line is scored by touch count, line age, slope sanity, price proximity, and intra-line violations. Weak geometry, over-sloped lines, and frequently violated lines are demoted automatically.
• Q quality score (0–100) and confluence tags (x2/x3). Every drawn line carries a Q score that blends touches, freshness, geometry, relevance, and violations into a single number. Confluence tags surface when a Micro line and a Meso line sit within the same ATR band near price, highlighting multi-scale structure overlap.
🧠 METHODOLOGY
1. Pivot detection. Separate pivot streams are maintained for Micro (tight sensitivity), Meso (wider sensitivity), and Mega (HTF pivots via request.security).
2. Candidate generation. For each scale, the engine pairs anchor pivots with subsequent pivots to form line candidates, discards over-sloped ones, and computes touches, violations, and break status in log space.
3. Ranking. Candidates are scored by a weighted combination of touch count, time span, slope sanity, relevance to current price (distance in ATR), and violation count. The best non-duplicate lines are kept per scale.
4. Clutter guards. A minimum ATR separation rule prevents near-duplicate lines from stacking. Smart Focus hides far-from-price lines in Minimal/Balanced density modes to keep the chart readable.
5. Stability mode. In Locked mode, selected lines persist bar-to-bar and are only replaced when they break or fall out of the candidate pool — reducing visual repainting on lower TFs.
6. Break/Retest detection. Once a line is drawn, the engine tracks close-based breaks (with configurable tolerance) and subsequent retests within a time window, emitting labeled signals on TF ≤ 1D.
⚙️ SIGNALS & ALERTS
Break and retest events are plotted for each scale with short ASCII tags:
• µR / µS = Micro Resistance / Support break
• mR / mS = Meso Resistance / Support break
• MR / MS = Mega Resistance / Support break
• rµ / rm / rM = retest on Micro / Meso / Mega respectively
A dedicated alertcondition is exposed for every break and retest event, plus two aggregate alerts (Any BR, Any RT) for users who prefer a single alert stream. A Min Q filter lets the user suppress low-quality signals.
🛠️ KEY INPUTS
• Profile Mode. Auto by Timeframe or Manual (Clean Trader, Balanced, Analyst, Presentation, Custom).
• Density Override. Minimal, Balanced, or Bold visual density.
• Line Weight Override. UltraThin, Thin, or Normal.
• Labels / Signals / Stability / Broken-line behavior. All individually overridable.
• Mega Overlay. Full (lines + cloud + label), Lines Only, or Off.
• Advanced panels. Micro Engine, Meso Engine, Mega Engine, Ranking, Visuals, and Signals each expose their own fine-tuning controls for experienced users.
• HUD. Position, theme (Classic Gray, Premium Accent, Color Coded, Showcase), and text size.
📘 HOW TO USE
• Add the script to any liquid symbol and start on a 1H or 4H chart.
• Leave Profile Mode on "Auto by Timeframe" for a balanced default that adapts to the active TF.
• Read the HUD in the top-right corner to see the active profile, how many Micro/Meso lines are drawn, whether Mega is active, and current Q scores.
• When a line carries a Q score above ~65 and a Conf tag (x2 or x3) appears nearby, that zone is a multi-scale structural pocket — use it as a planning reference, not as a trade trigger on its own.
• Use the Break/Retest tags for situational awareness around drawn lines; combine with your own confirmation logic before acting.
⚠️ LIMITATIONS & TRANSPARENCY
• Lines are drawn from historical pivots and can only confirm after a pivot is established. The engine avoids repainting in Locked mode but cannot predict future pivots.
• Q scores and confluence tags describe structural quality, not directional probability. A high-Q line can still break.
• Mega lines depend on HTF pivot availability; on very young symbols or thin charts, Mega may fall back to a Macro-pivot source or remain hidden.
• The script is published as Public, Open Source so that every ranking rule, weight, and threshold is fully auditable in the source code.
🛡️ RISK DISCLOSURE
This script is a visualization and analysis tool only. It is not financial advice, not a trading strategy, and not a signal service. No performance claims are made or implied. Past structural behavior of trendlines does not guarantee future behavior. All trading decisions, risk sizing, and execution remain the sole responsibility of the user. Indicator
Advanced Fibonacci Confluence Matrix [MarkitTick]💡 The Advanced Fibonacci Confluence Matrix is a sophisticated multi-dimensional analytical tool designed for professional traders who demand precision in identifying high-probability institutional entry zones. By integrating Fibonacci retracement logic with multi-timeframe (MTF) confluence and Fair Value Gap (FVG) detection, this script identifies the "Optimal Trade Entry" (OTE) zones where various technical factors align. It serves as a comprehensive institutional-grade execution engine, providing not just visual zones, but also automated risk calculation and webhook-ready alert payloads for algorithmic execution.
● ✨ Originality and Utility
Traditional Fibonacci tools are often static and require manual adjustment, leading to subjective bias and missed opportunities during rapid price action. This indicator revolutionizes the process by:
• Dynamic Anchor Selection : It automatically identifies significant swing highs and lows to anchor Fibonacci levels, ensuring that the zones remain relevant to current market structure.
• Multi-Timeframe Confluence : It fetches Fibonacci data from higher timeframes (HTF), such as the Daily or 4-hour charts, and overlays them onto the local timeframe. This allows traders to see when a local OTE zone aligns with a major institutional level.
• FVG Integration : The script looks for Fair Value Gaps within the OTE zones. The presence of an FVG serves as a "magnet" or "trigger," increasing the probability that price will react within that specific area.
• Automated Alert Logic : Unlike simple price alerts, this script generates a structured JSON payload including Entry, Stop Loss, Take Profit, and calculated Position Size based on user-defined risk parameters.
● 🔬 Methodology and Concepts
The indicator is built upon the premise of Institutional Order Flow and the "Discount vs. Premium" market theory.
• Fibonacci Retracement Engine : The core logic calculates standard ratios (0.236, 0.382, 0.5, 0.618, 0.786). The "Optimal Trade Entry" is specifically defined as the zone between the 0.618 and 0.786 retracement levels.
• The Confluence Matrix : The script maintains an internal matrix of "hits." When price enters a zone where a local Fibonacci level, an HTF level, and a Prime FVG all overlap, the confluence score increases, and the visual intensity of the zone changes to alert the trader.
• Fair Value Gap (FVG) Logic : The script detects imbalances where the High of Bar N is lower than the Low of Bar N+2 (for bearish) or the Low of Bar N is higher than the High of Bar N+2 (for bullish). It specifically filters for "Prime FVGs" that reside within the OTE retracement area.
• Risk-Adjusted Position Sizing : It uses the distance between the Entry (usually the 0.618 level or FVG edge) and the Stop Loss (usually the swing anchor) to calculate how many units should be traded to risk exactly X% of the account balance.
● 🎨 Visual Guide
• The OTE Zone (The Golden Box) : A shaded rectangle appearing between the 0.618 and 0.786 Fibonacci levels. A Green box signifies a bullish discount zone, while a Red box signifies a bearish premium zone.
• HTF Confluence Lines : Horizontal dashed lines across the chart representing the 0.5 (Equilibrium) and 0.618 levels from a higher timeframe. These are typically colored Orange or Purple to distinguish them from local levels.
• Fair Value Gap (FVG) Rectangles : Small, semi-transparent boxes that mark price imbalances. When these appear inside the OTE Zone, they are highlighted with a thicker border to indicate a "High Probability Trigger."
• Swing Anchor Labels : Small "H" (High) and "L" (Low) labels appear at the points where the Fibonacci tool is anchored. These labels help the trader verify the current market structure context.
• Signal Labels : When a confluence event occurs, a "BUY" or "SELL" label appears above or below the candle. The label includes the calculated "Risk:Reward" ratio for that specific setup.
• Dashboard Table : A small UI element in the corner of the chart displaying the current HTF trend status, the distance to the nearest OTE zone, and the calculated position size for the next trade.
● 📖 How to Use
• Identifying a Setup : Wait for the script to define a new swing move. Once the "OTE Zone" box is drawn, monitor the price as it retraces toward that box.
• Confirming Confluence : The highest quality trades occur when the price enters the OTE zone and simultaneously touches an HTF dashed line or fills a Prime FVG.
• Execution : Look for the "Long Entry" or "Short Entry" signal. The script is optimized for "Bar Close" execution to avoid repainting issues.
• Automation : If using webhooks, ensure your execution platform is set to receive the JSON format. The "Action," "Ticker," and "Qty" fields are automatically populated based on the signal.
• Exit Strategy : The default Take Profit is set to the 0.0 Fibonacci level (the swing high/low), while the Stop Loss is placed just beyond the 1.0 anchor point.
● ⚙️ Inputs and Settings
• Fibonacci Sensitivity : Adjust the "Swing Lookback" to determine how significant a high or low must be to act as an anchor. Higher values result in more "Macro" zones.
• HTF Resolution : A dropdown allowing you to select which timeframe (e.g., 60m, 240m, Daily) the confluence lines should be pulled from.
• Zone Selection : Toggle switches to enable or disable specific levels (e.g., show only the 0.618 and 0.786).
• Risk Management : Input your "Account Size" and "Risk Percentage" (e.g., 1% or 0.5%) to calibrate the automated position sizing alerts.
• Alert Configuration : Options to enable specific JSON payloads for "Long Only," "Short Only," or "Both."
● 🔍 Deconstruction of the Underlying Scientific and Academic Framework
The Advanced Fibonacci Confluence Matrix is grounded in the Golden Ratio Theory and the Efficient Market Hypothesis (EMH), specifically focusing on market inefficiencies.
• Mathematical Proportions : The indicator utilizes the irrational number Phi (approximately 1.618) and its inverse (0.618). These ratios are derived from the Fibonacci sequence, where each number is the sum of the two preceding ones. In financial markets, these ratios describe the recursive nature of price retracements and expansions.
• Statistical Mean Reversion : The use of the 0.5 level (Equilibrium) is based on the statistical principle of mean reversion, suggesting that price has a natural tendency to return to a central point of value before continuing a trend.
• Liquidity & Imbalance Theory : The Fair Value Gap detection is based on the "Information Asymmetry" model in economics. When a large institutional order enters the market, it creates a "gap" or "void" because the liquidity at certain price levels was consumed too quickly. Academically, these gaps represent "Inefficient Pricing" that the market seeks to "fill" to restore equilibrium.
• Confluence Probability : By applying the Law of Large Numbers and Multi-Factor Modeling, the script assumes that the intersection of independent variables (Local Fib + HTF Fib + FVG) reduces the "Noise-to-Signal" ratio, thereby increasing the statistical significance of the resulting trade signal.
⚠️ Disclaimer
All provided scripts and indicators are strictly for educational exploration and must not be interpreted as financial advice or a recommendation to execute trades. I expressly disclaim all liability for any financial losses or damages that may result, directly or indirectly, from the reliance on or application of these tools. Market participation carries inherent risk where past performance never guarantees future returns, leaving all investment decisions and due diligence solely at your own discretion. Indicator
Indicator
Adaptive Linear Regression Structure [MarkitTick]💡 This indicator, is a sophisticated analytical tool designed to bridge the gap between classical statistical modeling and modern price action theory. By leveraging high-performance Ordinary Least Squares (OLS) calculations, it dynamically identifies the most statistically significant market structures—specifically linear regression channels—based on historical pivot points. Unlike static channels that rely on arbitrary lookback periods, this script scans a historical "horizon" of structural pivots to find the model with the highest mathematical "fit," providing traders with a non-repainting, objective view of trend exhaustion and volatility boundaries.
✨ Originality and Utility
● Dynamic Model Selection
Most linear regression indicators require the user to manually define a start and end point, or they use a fixed lookback period. This script is original because it treats the starting point of the regression as a variable. It scans multiple historical pivots (Highs and Lows) and performs a competitive analysis between different potential channels. The channel that is eventually displayed is the one that achieves the highest performance score, calculated via a combination of the Coefficient of Determination ($R^2$) and the natural log of the duration. This ensures the channel is both mathematically reliable and structurally relevant.
● Market Structure Integration
The utility of the indicator is enhanced by its "Market Structure Registry." Instead of calculating regressions on every single bar blindly, the script identifies "Pivot Highs" and "Pivot Lows" to use as anchors. This aligns the statistical modeling with the way professional traders view the market, focusing on major turning points rather than noise.
● Institutional-Grade Telemetry
The inclusion of a real-time HUD (Heads-Up Display) dashboard provides traders with immediate transparency into the model's health. By displaying the $R^2$ value and Z-Score, the indicator moves beyond simple "lines on a chart" and offers a quantitative assessment of how well the current price action respects the established trend.
🔬 Methodology and Concepts
● The OLS Kernel
At the heart of the script is a custom-built OLS (Ordinary Least Squares) method. It calculates the slope ($\beta$) and the intercept ($\alpha$) of the best-fit line through the closing prices of the selected period. The mathematical goal is to minimize the sum of the squared errors ( LSE:SSE $), ensuring the median line represents the "true" equilibrium of price over that duration.
● Heuristic Performance Scoring
The indicator does not just look for the highest correlation. It uses a "Performance Score" heuristic:
Score = $R^2$ * ln(Duration)
This formula rewards models that maintain a high degree of linearity over longer periods. A short-term channel with a high $R^2$ might be dismissed in favor of a long-term channel that has a slightly lower $R^2$ but significantly more structural weight.
● Volatility-Adjusted Envelopes
The upper and lower boundaries are not arbitrary. They are calculated based on the standard deviation of the residuals (the distance between actual price and the regression line). By applying a user-defined "Deviation Factor," the script creates volatility bands that expand or contract based on how "noisy" the trend is.
🎨 Visual Guide
● The Regression Channel
• Median Vector: A solid line representing the linear mean of the current trend. It is colored Cyan for bullish slopes and Orange for bearish slopes.
• Volatility Bands: Two solid lines flanking the median. These represent the "Deviation Factor" boundaries (defaulting to 2.0 standard deviations).
• Fill Core: A transparent background fill between the upper and lower bands, allowing for easy visualization of the "fair value" zone. The color dynamically shifts between Cyan and Orange based on the trend bias.
● Signal Labels
• LONG Labels: Cyan labels appearing below price when a "Mean Reversion" setup is detected (price crossing above the lower band).
• SHORT Labels: Orange labels appearing above price when a "Mean Reversion" setup is detected (price crossing below the upper band).
• Details: Labels include the Entry Price (EP), Take Profit (TP) at the median, and a suggested Stop Loss (SL).
● Telemetry Dashboard (HUD)
• Model Quality (R²): A value between 0.0 and 1.0. Values above 0.7 indicate a very strong trend.
• Trend Bias: Explicitly states "BULLISH" or "BEARISH."
• Deviation (Z-Score): Measures how many standard deviations the current price is away from the mean.
• Duration: Displays how many bars the current model covers.
📖 How to Use
● Mean Reversion Strategy
The primary use case is identifying overextended price action. When price moves outside the volatility bands (high Z-Score) and then crosses back inside, it suggests a return to the median "equilibrium" price.
• Bullish Entry: Look for a Cyan "LONG" label when price recovers from the lower band.
• Bearish Entry: Look for an Orange "SHORT" label when price pulls back from the upper band.
● Trend Strength Assessment
Use the $R^2$ value in the dashboard to filter trades. If the $R^2$ is low (e.g., below 0.5), the market is in a "Random Walk" phase, and the regression lines may be less reliable. High $R^2$ values suggest a "Trending" phase where the channel boundaries act as significant support and resistance.
● Dynamic Take Profits
The median line (the Cyan/Orange vector) serves as a dynamic take-profit target. Since the line is based on a linear slope, the price target adjusts every bar to reflect the ongoing trend.
⚙️ Inputs and Settings
● Algorithmic Core
• Scan Horizon: Determines how many historical pivots the script should evaluate. A higher number increases the "search depth" but requires more processing.
• Deviation Factor: Controls the width of the channel. A value of 2.0 covers approximately 95% of price action if the distribution is normal.
• Structural Sensitivity: Controls the lookback for the Pivot High/Low detection. Smaller values find more "local" structures; higher values find "major" structures.
● Signal Processing
• Quality Threshold (R²): This is a "gatekeeper" setting. If no model reaches this minimum quality, the indicator will not display a channel, protecting the user from weak or chaotic patterns.
🔍 Deconstruction of the Underlying Scientific and Academic Framework
● Statistical Basis (OLS)
The indicator is grounded in the Gauss-Markov theorem. By calculating the slope via the covariance of time and price divided by the variance of time, it provides the "Best Linear Unbiased Estimator" (BLUE) of the current price trajectory.
● Information Theory & Heuristics
The scoring mechanism (using the natural log of N) draws inspiration from Information Criteria (like AIC or BIC). In statistical modeling, increasing the sample size ($N$) usually improves the model's reliability but can introduce "lag." By using the log of duration, the script balances the benefit of a larger sample size against the need for current relevance.
● Standardized Residuals (Z-Scores)
The "Z-Metric" displayed in the dashboard is a calculation of:
$Z = (Price - Estimated Price) / Standard Error$
This standardizes the distance of price from the mean across different assets and timeframes, allowing for a universal interpretation of "overbought" or "oversold" conditions based on the specific volatility of the current trend.
⚠️ Disclaimer
All provided scripts and indicators are strictly for educational exploration and must not be interpreted as financial advice or a recommendation to execute trades. I expressly disclaim all liability for any financial losses or damages that may result, directly or indirectly, from the reliance on or application of these tools. Market participation carries inherent risk where past performance never guarantees future returns, leaving all investment decisions and due diligence solely at your own discretion. Indicator
Relative Strength Regime Meter (SPY/QQQ/Peer Auto)RS Dash v2 is a relative strength (RS) dashboard designed to quickly answer one question:
Is this asset leading or lagging vs (1) the market, (2) Nasdaq/growth, and (3) its peer group?
What it measures
For the current chart symbol, it calculates RS ratios:
RS vs SPY (market baseline)
RS vs QQQ (Nasdaq / growth baseline)
RS vs PEER ETF (sector/industry baseline)
RS ratio is simply:
RS = Symbol Close / Benchmark Close
Then it compares each RS ratio to its moving average (MA):
✅ if RS > RS_MA
Optional stricter rule: ✅ only if RS > RS_MA and RS_MA is rising
Peer ETF: Manual or Auto
You can pick the peer ETF in two ways:
MANUAL mode
Choose from labeled options like:
XLK – TECH, XLE – ENERGY, SMH – SEMIS, etc.
AUTO mode (default)
The script selects the peer ETF whose returns have the highest correlation to the symbol over a lookback window, with guardrails:
Min correlation threshold: if correlation is too low, it falls back to your chosen fallback peer.
Sticky switching: it only changes peer when the new best peer is better by a set margin (reduces “flicker”).
The table shows what AUTO picked, and it also prints the correlation as a trust meter.
Dashboard + Score
A table (bottom-left) shows:
SPY ✅/❌
QQQ ✅/❌
PEER ✅/❌ (with chosen peer name)
Total score 0–3
Interpretation:
3/3 = strong leadership (outperforming market + Nasdaq + peers)
2/3 = mixed leadership
0–1/3 = weak / lagging regime
Plot modes (solves scaling issues)
Because raw RS ratios can be on very different numeric scales, there are three plot modes:
Signal (% vs RS MA) (recommended)
Plots each RS as % above/below its RS MA where 0 = neutral.
Indexed (Base 100)
Normalizes each RS to start at 100 so you can compare “performance curves.”
Raw (single)
Shows only one RS ratio at a time (SPY / QQQ / PEER) for inspection.
Leadership line (Regime meter)
The Leadership line is a step line that visualizes the 0–3 score as a regime meter (it only has 4 states, by design). It helps you spot regime shifts without reading the table.
Divergences (optional)
Optional bullish/bearish divergence markers compare price pivots vs RS pivots on your chosen benchmark (SPY/QQQ/PEER). These are confirmation tools, not signals by themselves.
What this indicator is NOT
It does not predict tops/bottoms.
It does not replace fundamentals or risk management.
“AUTO peer” is correlation-based; in unusual regimes it can pick a peer that’s statistically close but not conceptually perfect — override with MANUAL when needed.
Suggested workflow
Keep plot mode on Signal (% vs RS MA)
Use AUTO peer for speed; flip to MANUAL if the chosen peer doesn’t make sense.
Use score changes + divergences as context, then use your main price/volume system for entries/exits.
Open-source, modify as you like.
Shorter description
RS Dash v2 compares the current symbol’s relative strength vs SPY, QQQ, and a Peer ETF (manual or auto-selected).
Each benchmark gets a ✅/❌ based on whether RS > RS_MA (optional: MA rising). The dashboard shows a 0–3 score and a Leadership step line that visualizes regime shifts.
Includes 3 plot modes to fix scaling: Signal (% vs MA), Indexed Base 100, and Raw single. Optional RS divergences.
Settings explanation
RS MA length: smoothing for RS trend. Higher = slower, fewer flips.
Auto return length / correlation lookback: controls how AUTO chooses the peer. Higher = more stable but slower to adapt.
Min corr / switch delta: guardrails to prevent nonsense picks and rapid switching.
Plot mode: choose Signal for decision clarity, Indexed for comparison curves, Raw for inspection.
Blunt “professional honesty” note
Correlation-based peer selection is a statistical best guess, not a fundamental sector classifier. That’s why the indicator is transparent: it shows the selected peer and correlation so users can override. Indicator
Indicator
Indicator
Adaptive Squeeze Momentum +Adaptive Squeeze Momentum+ (Auto-Timeframe Version)
Overview
Adaptive Squeeze Momentum+ is an enhanced volatility and momentum indicator designed to identify compression and expansion phases in price action. It is inspired by the classic Squeeze Momentum Indicator by LazyBear but introduces automatic parameter adaptation to any timeframe, making it simpler to use across different markets without manual configuration.
Concepts and Methodology
The script combines Bollinger Bands (BB) and Keltner Channels (KC) to detect periods when volatility contracts (squeeze) or expands (release).
A squeeze occurs when BB are inside KC, suggesting low volatility and potential breakout scenarios.
A squeeze release is detected when BB expand outside KC.
Momentum is derived using a linear regression applied to the difference between price and a midrange reference level.
Original Improvements
Compared to the original Squeeze Momentum Indicator, this version offers several enhancements:
Automatic Adaptation: BB and KC lengths and multipliers are dynamically adjusted based on the chart’s timeframe (from 1 minute up to 1 month), removing the need for manual tuning.
Simplified Visualization: A clean, minimalist histogram and clear squeeze state cross markers allow for faster interpretation.
Flexible Application: Designed to work consistently on intraday, daily, and higher timeframes across crypto, forex, stocks, and indices.
Features
Dynamic Squeeze Detection:
Gray Cross: Neutral (no squeeze detected)
Blue Cross: Active squeeze
Yellow Cross: Squeeze released
Momentum Histogram:
Positive/negative momentum shown with slope-based coloring.
Timeframe-Aware Parameters:
Automatically sets optimal BB/KC configurations.
Usage
Watch for blue crosses indicating an active squeeze phase that may precede a directional move.
Use the histogram color and slope to gauge momentum strength and direction.
Combine squeeze release signals with momentum confirmation for potential entries or exits.
Credits and Licensing
This script was inspired by LazyBear’s OLD “Squeeze Momentum Indicator” (). The implementation here significantly expands upon the original by introducing auto-adaptive parameters, restructured logic, and a new visualization approach. Published under the Mozilla Public License 2.0.
Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Use at your own risk.
Indicator
Auto AI Trendlines [TradingFinder] Clustering & Filtering Trends🔵 Introduction
Auto AI trendlines Clustering & Filtering Trends Indicator, draws a variety of trendlines. This auto plotting trendline indicator plots precise trendlines and regression lines, capturing trend dynamics.
Trendline trading is the strongest strategy in the financial market.
Regression lines, unlike trendlines, use statistical fitting to smooth price data, revealing trend slopes. Trendlines connect confirmed pivots, ensuring structural accuracy. Regression lines adapt dynamically.
The indicator’s ascending trendlines mark bullish pivots, while descending ones signal bearish trends. Regression lines extend in steps, reflecting momentum shifts. As the trend is your friend, this tool aligns traders with market flow.
Pivot-based trendlines remain fixed once confirmed, offering reliable support and resistance zones. Regression lines, adjusting to price changes, highlight short-term trend paths. Both are vital for traders across asset classes.
🔵 How to Use
There are four line types that are seen in the image below; Precise uptrend (green) and downtrend (red) lines connect exact price extremes, while Pivot-based uptrend and downtrend lines use significant swing points, both remaining static once formed.
🟣 Precise Trendlines
Trendlines only form after pivot points are confirmed, ensuring reliability. This reduces false signals in choppy markets. Regression lines complement with real-time updates.
The indicator always draws two precise trendlines on confirmed pivot points, one ascending and one descending. These are colored distinctly to mark bullish and bearish trends. They remain fixed, serving as structural anchors.
🟣 Dynamic Regression Lines
Regression lines, adjusting dynamically with price, reflect the latest trend slope for real-time analysis. Use these to identify trend direction and potential reversals.
Regression lines, updated dynamically, reflect real-time price trends and extend in steps. Ascending lines are green, descending ones orange, with shades differing from trendlines. This aids visual distinction.
🟣 Bearish Chart
A Bullish State emerges when uptrend lines outweigh or match downtrend lines, with recent upward momentum signaling a potential rise. Check the trend count in the state table to confirm, using it to plan long positions.
🟣 Bullish Chart
A Bearish State is indicated when downtrend lines dominate or equal uptrend lines, with recent downward moves suggesting a potential drop. Review the state table’s trend count to verify, guiding short position entries. The indicator reflects this shift for strategic planning.
🟣 Alarm
Set alerts for state changes to stay informed of Bullish or Bearish shifts without constant monitoring. For example, a transition to Bullish State may signal a buying opportunity. Toggle alerts On or Off in the settings.
🟣 Market Status
A table summarizes the chart’s status, showing counts of ascending and descending lines. This real-time overview simplifies trend monitoring. Check it to assess market bias instantly.
Monitor the table to track line counts and trend dominance.
A higher count of ascending lines suggests bullish bias. This helps traders align with the prevailing trend.
🔵 Settings
Number of Trendlines : Sets total lines (max 10, min 3), balancing chart clarity and trend coverage.
Max Look Back : Defines historical bars (min 50) for pivot detection, ensuring robust trendlines.
Pivot Range : Sets pivot sensitivity (min 2), adjusting trendline precision to market volatility.
Show Table Checkbox : Toggles display of a table showing ascending/descending line counts.
Alarm : Enable or Disable the alert.
🔵 Conclusion
The multi slopes indicator, blending pivot-based trendlines and dynamic regression lines, maps market trends with precision. Its dual approach captures both structural and short-term momentum.
Customizable settings, like trendline count and pivot range, adapt to diverse trading styles. The real-time table simplifies trend monitoring, enhancing efficiency. It suits forex, stocks, and crypto markets.
While trendlines anchor long-term trends, regression lines track intraday shifts, offering versatility. Contextual analysis, like price action, boosts signal reliability. This indicator empowers data-driven trading decisions.
Indicator
ROC + SMI Auto Adjust
This indicator combines the Rate of Change (ROC) and the Stochastic Momentum Index (SMI) with automatically adjusted parameters for different time frames (short, medium, long). It normalizes the ROC to match the SMI levels, displays the ROC as a histogram and the SMI as lines, highlights overbought/oversold zones and includes a settings table. Ideal for analyzing momentum on different time frames.
Key Features:
Automatic Parameter Adjustment:
The script detects the current chart time frame (e.g. 1-minute, 1-hour, daily) and adjusts the parameters for the ROC and SMI accordingly.
Parameters such as ROC length, SMI length and smoothing periods are optimized for short, medium and long term time frames.
Rate of Change (ROC):
ROC measures the percentage change in price over a specified period.
The script normalizes the ROC values to match the SMI range, making it easier to compare the two indicators on the same scale.
The ROC is displayed as a histogram, where positive values are colored green and negative values are colored red.
Stochastic Momentum Index (SMI):
SMI is a momentum oscillator that identifies overbought and oversold conditions.
The script calculates the SMI and its signal line, plotting them on the chart.
Overbought and oversold levels are displayed as dotted lines for convenience.
SMI and SMI Signal Crossover:
When the main SMI crosses the signal line from below upwards, it may be a buy signal (bullish signal).
When the SMI crosses the signal line from above downwards, it may be a sell signal (bearish signal).
Configurable Inputs:
Users can use the automatically adjusted settings or manually override the parameters (e.g. ROC length, SMI length, smoothing periods).
Overbought and oversold levels for SMI are also configurable.
Parameter Table:
A table is displayed on the chart showing the current parameters (e.g. timeframe, ROC length, SMI length) for transparency and debugging.
The position of the table is configurable (e.g. top left, bottom right).
How it works:
The script first detects the chart timeframe and classifies it as short-term (e.g. 1M, 5M), medium-term (e.g. 1H, 4H) or long-term (e.g. D1, W1).
Based on the timeframe, it sets default values for the ROC and SMI parameters.
ROC and SMI are calculated and normalized so that they can be compared on the same scale.
ROC is displayed as a histogram, while SMI and its signal line are displayed as lines.
Overbought and oversold levels are displayed as horizontal lines.
Use cases:
Trend identification: ROC helps to identify the strength of the trend, while SMI indicates overbought/oversold conditions.
Momentum analysis: The combination of ROC and SMI provides insight into both price momentum and potential reversals.
Time frame flexibility: The auto-adjustment feature makes the script suitable for scalping (short-term), swing trading (medium-term) and long-term investing.
Indicator
*Auto Backtest & Optimize EngineFull-featured Engine for Automatic Backtesting and parameter optimization. Allows you to test millions of different combinations of stop-loss and take profit parameters, including on any connected indicators.
⭕️ Key Futures
Quickly identify the optimal parameters for your strategy.
Automatically generate and test thousands of parameter combinations.
A simple Genetic Algorithm for result selection.
Saves time on manual testing of multiple parameters.
Detailed analysis, sorting, filtering and statistics of results.
Detailed control panel with many tooltips.
Display of key metrics: Profit, Win Rate, etc..
Comprehensive Strategy Score calculation.
In-depth analysis of the performance of different types of stop-losses.
Possibility to use to calculate the best Stop-Take parameters for your position.
Ability to test your own functions and signals.
Customizable visualization of results.
Flexible Stop-Loss Settings:
• Auto ━ Allows you to test all types of Stop Losses at once(listed below).
• S.VOLATY ━ Static stop based on volatility (Fixed, ATR, STDEV).
• Trailing ━ Classic trailing stop following the price.
• Fast Trail ━ Accelerated trailing stop that reacts faster to price movements.
• Volatility ━ Dynamic stop based on volatility indicators.
• Chandelier ━ Stop based on price extremes.
• Activator ━ Dynamic stop based on SAR.
• MA ━ Stop based on moving averages (9 different types).
• SAR ━ Parabolic SAR (Stop and Reverse).
Advanced Take-Profit Options:
• R:R: Risk/Reward ━ sets TP based on SL size.
• T.VOLATY ━ Calculation based on volatility indicators (Fixed, ATR, STDEV).
Testing Modes:
• Stops ━ Cyclical stop-loss testing
• Pivot Point Example ━ Example of using pivot points
• External Example ━ Built-in example how test functions with different parameters
• External Signal ━ Using external signals
⭕️ Usage
━ First Steps:
When opening, select any point on the chart. It will not affect anything until you turn on Manual Start mode (more on this below).
The chart will immediately show the best results of the default Auto mode. You can switch Part's to try to find even better results in the table.
Now you can display any result from the table on the chart by entering its ID in the settings.
Repeat steps 3-4 until you determine which type of Stop Loss you like best. Then set it in the settings instead of Auto mode.
* Example: I flipped through 14 parts before I liked the first result and entered its ID so I could visually evaluate it on the chart.
Then select the stop loss type, choose it in place of Auto mode and repeat steps 3-4 or immediately follow the recommendations of the algorithm.
Now the Genetic Algorithm at the bottom right will prompt you to enter the Parameters you need to search for and select even better results.
Parameters must be entered All at once before they are updated. Enter recommendations strictly in fields with the same names.
Repeat steps 5-6 until there are approximately 10 Part's left or as you like. And after that, easily pour through the remaining Parts and select the best parameters.
━ Example of the finished result.
━ Example of use with Takes
You can also test at the same time along with Take Profit. In this example, I simply enabled Risk/Reward mode and immediately specified in the TP field Maximum RR, Minimum RR and Step. So in this example I can test (3-1) / 0.1 = 20 Takes of different sizes. There are additional tips in the settings.
━
* Soon you will start to understand how the system works and things will become much easier.
* If something doesn't work, just reset the engine settings and start over again.
* Use the tips I have left in the settings and on the Panel.
━ Details:
Sort ━ Sorting results by Score, Profit, Trades, etc..
Filter ━ Filtring results by Score, Profit, Trades, etc..
Trade Type ━ Ability to disable Long\Short but only from statistics.
BackWin ━ Backtest Window Number of Candle the script can test.
Manual Start ━ Enabling it will allow you to call a Stop from a selected point. which you selected when you started the engine.
* If you have a real open position then this mode can help to save good Stop\Take for it.
1 - 9 Сheckboxs ━ Allow you to disable any stop from Auto mode.
Ex Source - Allow you to test Stops/Takes from connected indicators.
Connection guide:
//@version=6
indicator("My script")
rsi = ta.rsi(close, 14)
buy = not na(rsi) and ta.crossover (rsi, 40) // OS = 40
sell = not na(rsi) and ta.crossunder(rsi, 60) // OB = 60
Signal = buy ? +1 : sell ? -1 : 0
plot(Signal, "🔌Connector🔌", display = display.none)
* Format the signal for your indicator in a similar style and then select it in Ex Source.
⭕️ How it Works
Hypothesis of Uniform Distribution of Rare Elements After Mixing.
'This hypothesis states that if an array of N elements contains K valid elements, then after mixing, these valid elements will be approximately uniformly distributed.'
'This means that in a random sample of k elements, the proportion of valid elements should closely match their proportion in the original array, with some random variation.'
'According to the central limit theorem, repeated sampling will result in an average count of valid elements following a normal distribution.'
'This supports the assumption that the valid elements are evenly spread across the array.'
'To test this hypothesis, we can conduct an experiment:'
'Create an array of 1,000,000 elements.'
'Select 1,000 random elements (1%) for validation.'
'Shuffle the array and divide it into groups of 1,000 elements.'
'If the hypothesis holds, each group should contain, on average, 1~ valid element, with minor variations.'
* I'd like to attach more details to My hypothesis but it won't be very relevant here. Since this is a whole separate topic, I will leave the minimum part for understanding the engine.
Practical Application
To apply this hypothesis, I needed a way to generate and thoroughly mix numerous possible combinations. Within Pine, generating over 100,000 combinations presents significant challenges, and storing millions of combinations requires excessive resources.
I developed an efficient mechanism that generates combinations in random order to address these limitations. While conventional methods often produce duplicates or require generating a complete list first, my approach guarantees that the first 10% of possible combinations are both unique and well-distributed. Based on my hypothesis, this sampling is sufficient to determine optimal testing parameters.
Most generators and randomizers fail to accommodate both my hypothesis and Pine's constraints. My solution utilizes a simple Linear Congruential Generator (LCG) for pseudo-randomization, enhanced with prime numbers to increase entropy during generation. I pre-generate the entire parameter range and then apply systematic mixing. This approach, combined with a hybrid combinatorial array-filling technique with linear distribution, delivers excellent generation quality.
My engine can efficiently generate and verify 300 unique combinations per batch. Based on the above, to determine optimal values, only 10-20 Parts need to be manually scrolled through to find the appropriate value or range, eliminating the need for exhaustive testing of millions of parameter combinations.
For the Score statistic I applied all the same, generated a range of Weights, distributed them randomly for each type of statistic to avoid manual distribution.
Score ━ based on Trade, Profit, WinRate, Profit Factor, Drawdown, Sharpe & Sortino & Omega & Calmar Ratio.
⭕️ Notes
For attentive users, a little tricks :)
To save time, switch parts every 3 seconds without waiting for it to load. After 10-20 parts, stop and wait for loading. If the pause is correct, you can switch between the rest of the parts without loading, as they will be cached. This used to work without having to wait for a pause, but now it does slower. This will save a lot of time if you are going to do a deeper backtest.
Sometimes you'll get the error “The scripts take too long to execute.”
For a quick fix you just need to switch the TF or Ticker back and forth and most likely everything will load.
The error appears because of problems on the side of the site because the engine is very heavy. It can also appear if you set too long a period for testing in BackWin or use a heavy indicator for testing.
Manual Start - Allow you to Start you Result from any point. Which in turn can help you choose a good stop-stick for your real position.
* It took me half a year from idea to current realization. This seems to be one of the few ways to build something automatic in backtest format and in this particular Pine environment. There are already better projects in other languages, and they are created much easier and faster because there are no limitations except for personal PC. If you see solutions to improve this system I would be glad if you share the code. At the moment I am tired and will continue him not soon.
Also You can use my previosly big Backtest project with more manual settings(updated soon)
Indicator
My auto dual avwap with Auto swing low/pivot low finderWelcome to My Auto Dual AVWAP with Auto Swing Low/Pivot Low Finder – an open-source PulseWire indicator designed to enhance your technical analysis toolbox. This indicator is published under the Mozilla Public License 2.0 and is available for anyone to study, modify, and distribute.
Key Features
Auto Pivot/Swing Low Finder:
In addition to VWAP lines, the indicator incorporates an automatic detection mechanism for swing lows/pivot lows. This feature assists in identifying potential support areas and price reversals, further enhancing your trading strategy.
Dual VWAP Calculation with high/low range:
The indicator calculates two separate volume-weighted average price (VWAP) lines based on different price inputs (low and high prices) and defined time sessions. This allows traders to gain a more nuanced view of market activity during specific trading periods.
Customizable Time Sessions:
You can specify distinct start and end times for each VWAP calculation session. This flexibility helps you align the indicator with your preferred trading hours or market sessions, making it adaptable to various time zones and trading styles.
Easy to Customize:
With clear code structure and detailed comments, the script is designed to be accessible even for traders who want to customize or extend its functionality. Whether you're a seasoned coder or just starting out, the code is written with transparency in mind.
How It Works
Session Initialization:
The script sets up two distinct time sessions using user-defined start and end times. For each session, it detects the beginning of the trading period to reset cumulative values.
Cumulative Calculations:
During each session, the indicator accumulates the product of price and volume as well as the total volume. The VWAP is then computed as the ratio of these cumulative values.
Dual Data Sources:
Two separate data inputs (using low and high prices) are used to calculate two VWAP lines. This dual approach provides a broader perspective on market trends and can help in identifying dynamic support and resistance levels.
Visualization:
The calculated VWAP lines are plotted directly on your chart with distinct colors and thickness settings for easy visualization. This makes it simple to interpret the data at a glance.
Why Use This Indicator?
Whether you are a day trader, swing trader, or simply looking to refine your market analysis, My Auto Dual AVWAP with Auto Swing Low/Pivot Low Finder offers a robust set of features that can help you identify key price levels and improve your decision-making process. Its open-source nature invites collaboration and customization, ensuring that you can tailor it to fit your unique trading style.
Feel free to explore, modify, and share this indicator. Happy trading! Indicator
Dynamic S/R Levels: Edge FinderOverview
The Dynamic S/R Levels: Edge Finder indicator is designed to identify dynamic support and resistance levels based on historical price action. It uses a combination of price extremes (highs and lows) over user-defined lookback periods, weighted moving averages (WMAs), and touch-count analysis to provide actionable insights into key market levels.
This tool is ideal for traders who want to:
Identify dynamic support and resistance zones.
Understand the strength of these levels based on price touches.
Make informed decisions using clear, adaptive levels.
How It Works
Dynamic Levels Calculation:
The indicator calculates dynamic support levels using the lowest lows and dynamic resistance levels using the highest highs over user-defined lookback periods (e.g., 20, 40, 60 bars, etc.).
These levels are updated dynamically as new price data becomes available.
Touch Count Analysis:
The indicator counts how many times the price has touched or come close to each support/resistance level within the lookback period.
Levels with more touches are considered stronger and are highlighted accordingly.
Weighted Moving Averages (WMAs):
The indicator uses 50-period and 100-period WMAs to identify the closest support/resistance levels to the current trend.
Levels near these WMAs are given additional weight, as they are more likely to act as significant barriers.
Level Merging:
If two support or resistance levels are too close to each other (based on the minimum distance percentage), the weaker level (with fewer touches) is removed to avoid clutter.
Visualization:
Support levels are displayed as dashed red lines, and resistance levels are displayed as dashed blue lines.
Each level is labeled with its corresponding touch count, allowing traders to quickly assess its strength.
How to Interpret the Indicator
Strong Support/Resistance Levels:
Levels with higher touch counts (e.g., 5, 10, or more) are considered stronger and are more likely to hold in the future.
Use these levels to plan entries, exits, or stop-loss placements.
Proximity to WMAs:
Levels closest to the 50-period or 100-period WMA are more significant, especially in trending markets.
These levels often act as dynamic barriers where price reactions are more likely.
Breakouts and Rejections:
If the price breaks through a strong resistance level, it may indicate a potential bullish trend.
If the price rejects a strong support level, it may indicate a potential bearish trend.
Always confirm breakouts or rejections with additional analysis (e.g., volume, candlestick patterns).
Level Merging:
Merged levels indicate areas of high confluence, where multiple support/resistance zones overlap.
These areas are particularly important for decision-making, as they represent stronger market reactions.
Key Features
Customizable Lookback Periods: Adjust the lookback periods for each dynamic level to suit your trading style.
Touch Count Labels: Quickly identify the strength of each level based on the number of price touches.
Adaptive Levels: The indicator dynamically updates levels based on recent price action.
Clean Visualization: Levels are automatically merged to avoid clutter and provide a clear view of the market structure.
Usage Tips
Trend Identification: Combine the indicator with trend-following tools (e.g., moving averages, trendlines) to confirm the overall market direction.
Risk Management: Use the identified levels to set stop-loss orders or take-profit targets.
Timeframe Flexibility: The indicator works on all timeframes, but it is particularly effective on higher timeframes (e.g., 1H, 4H, Daily) for more reliable levels.
Example Scenarios
Bounce Trade:
If the price approaches a strong support level (high touch count) and shows signs of rejection (e.g., bullish candlestick patterns), consider a long position with a stop-loss below the support level.
Breakout Trade:
If the price breaks above a strong resistance level with high volume, consider a long position with a target at the next resistance level.
Range-Bound Market:
In a sideways market, use the support and resistance levels to identify range boundaries and trade bounces between them.
Disclaimer
Dynamic S/R Levels: Edge Finder is a technical analysis tool designed to identify dynamic support and resistance levels based on historical price action. It is intended for informational and educational purposes only. This indicator does not provide financial, investment, or trading advice. Users are solely responsible for their trading decisions and should conduct their own research and analysis before making any trades. The developer of this tool is not liable for any financial losses or damages resulting from the use of this indicator. Trading in financial markets involves risk, and you should only trade with capital you can afford to lose. Indicator
Nen Star Harmonic Pattern [TradingFinder] NenStar Reversal Auto🔵 Introduction
The Nen-Star Harmonic Pattern is an advanced reversal pattern in technical analysis, designed to identify market trend changes and predict key price reversal points. This pattern is defined by a combination of Fibonacci ratios and critical concepts such as Potential Reversal Zones (PRZ), market structure, and corrective waves.
The key points of this pattern include X, A, B, C, and D, and it appears in both bullish and bearish forms. In its bullish form, the pattern resembles the letter M, while in its bearish form, it takes the shape of W. The critical Fibonacci ratios for this pattern are 0.382 to 0.786 for the XA wave, 1.13 to 1.414 for the AB wave, and 1.272 to 2.618 for the BC wave.
The Nen-Star Harmonic Pattern is one of the most precise tools for identifying market reversals and executing reversal trades. Traders can use it to pinpoint optimal entry and exit points and benefit from high risk-to-reward ratios.
By emphasizing Fibonacci retracement levels, XABCD waves, the formation of bullish and bearish patterns, and precise trade entry points, this pattern has become a practical tool in advanced technical analysis.
Bullish Nen-Star Pattern :
Bearish Nen-Star Pattern :
🔵 How to Use
The Nen-Star Harmonic Pattern indicator allows traders to automatically identify the bullish and bearish structures of this pattern and locate optimal entry and exit points. By accurately analyzing Fibonacci ratios and determining points X, A, B, C, and D, the indicator highlights Potential Reversal Zones (PRZ) on the chart. Traders can rely on the generated signals to manage their trades with greater precision.
🟣 Bullish Nen-Star Pattern
The bullish Nen-Star pattern begins with a price increase from point X to point A, followed by a retracement to point B, which lies between 0.382 and 0.786 of the XA wave.
After this retracement, the price moves to point C, located between 1.13 and 1.414 of the AB wave. The final movement is a price decline to point D, which is between 1.272 and 2.618 of the BC wave and 1.13 to 1.272 of the XA wave.
Point D : Serves as the key Potential Reversal Zone (PRZ).
Entry : A buy trade is initiated at point D, signaling the end of the corrective movement and the beginning of a price increase.
Price Targets :
61.8% retracement of the CD wave
Point A
Point C
1.272 and 1.618 extensions of the CD wave if resistance at point C is broken
Stop Loss : Placed slightly below point D.
🟣 Bearish Nen-Star Pattern
The bearish Nen-Star pattern starts with a price decrease from point X to point A, followed by a retracement to point B, which lies between 0.382 and 0.786 of the XA wave.
After this retracement, the price moves to point C, located between 1.13 and 1.414 of the AB wave. The final movement is a price increase to point D, which is between 1.272 and 2.618 of the BC wave and 1.13 to 1.272 of the XA wave.
Point D : Serves as the key Potential Reversal Zone (PRZ).
Entry : A sell trade is initiated at point D, signaling the end of the corrective movement and the beginning of a price decline.
Price Targets :
61.8% retracement of the CD wave
Point A
Point C
1.272 and 1.618 extensions of the CD wave if support at point C is broken
Stop Loss : Placed slightly above point D.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The Nen-Star Harmonic Pattern is a highly effective analytical tool in global financial markets, playing a crucial role in identifying reversal points and market trend changes. By leveraging Fibonacci principles and price structure, this pattern enables precise analysis across various assets, including stocks, cryptocurrencies, forex, and commodities.
Traders operating in global markets can use this pattern to identify high risk-to-reward trading opportunities. Its clear entry and exit points, defined Potential Reversal Zones (PRZ), and accurate price targets make it an excellent tool for risk management and profitability enhancement.
In the global context, the Nen-Star pattern is widely used by professional analysts in both advanced and emerging markets due to its versatility in analyzing long-term and short-term charts. Beyond trend prediction, it enhances trading strategies and optimizes investment decisions.
Combining this pattern with complementary tools such as volume analysis, technical indicators, and macroeconomic conditions can provide traders with deeper market insights, helping them capitalize on global opportunities.
Indicator
PineConnectorLibrary "PineConnector"
This library is a comprehensive alert webhook text generator for PineConnector. It contains every possible alert syntax variation from the documentation, along with some debugging functions.
To use it, just import the library (eg. "import ZenAndTheArtOfTrading/PineConnector/1 as pc") and use pc.buy(licenseID) to send an alert off to PineConnector - assuming all your webhooks etc are set up correctly.
View the PineConnector documentation for more information on how to send the commands you're looking to send (all of this library's function names match the documentation).
all()
Usage: pc.buy(pc_id, freq=pc.all())
Returns: "all"
once_per_bar()
Usage: pc.buy(pc_id, freq=pc.once_per_bar())
Returns: "once_per_bar"
once_per_bar_close()
Usage: pc.buy(pc_id, freq=pc.once_per_bar_close())
Returns: "once_per_bar_close"
na0(value)
Checks if given value is either 'na' or 0. Useful for streamlining scripts with float user setting inputs which default values to 0 since na is unavailable as a user input default.
Parameters:
value (float) : The value to check
Returns: True if the given value is 0 or na
getDecimals()
Calculates how many decimals are on the quote price of the current market.
Returns: The current decimal places on the market quote price
truncate(number, decimals)
Truncates the given number. Required params: mumber.
Parameters:
number (float) : Number to truncate
decimals (int) : Decimal places to cut down to
Returns: The input number, but as a string truncated to X decimals
getPipSize(multiplier)
Calculates the pip size of the current market.
Parameters:
multiplier (int) : The mintick point multiplier (1 by default, 10 for FX/Crypto/CFD but can be used to override when certain markets require)
Returns: The pip size for the current market
toWhole(number)
Converts pips into whole numbers. Required params: number.
Parameters:
number (float) : The pip number to convert into a whole number
Returns: The converted number
toPips(number)
Converts whole numbers back into pips. Required params: number.
Parameters:
number (float) : The whole number to convert into pips
Returns: The converted number
debug(txt, tooltip, displayLabel)
Prints to console and generates a debug label with the given text. Required params: txt.
Parameters:
txt (string) : Text to display
tooltip (string) : Tooltip to display (optional)
displayLabel (bool) : Turns on/off chart label (default: off)
Returns: Nothing
order(licenseID, command, symbol, parameters, accfilter, comment, secret, freq, debug)
Generates an alert string. Required params: licenseID, command.
Parameters:
licenseID (string) : Your PC license ID
command (string) : Command to send
symbol (string) : The symbol to trigger this order on
parameters (string) : Other optional parameters to include
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: An alert string with valid PC syntax based on supplied parameters
market_order(licenseID, buy, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a market entry alert with relevant syntax commands. Required params: licenseID, buy, risk.
Parameters:
licenseID (string) : Your PC license ID
buy (bool) : true=buy/long, false=sell/short
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A market order alert string with valid PC syntax based on supplied parameters
buy(licenseID, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a market buy alert with relevant syntax commands. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A market order alert string with valid PC syntax based on supplied parameters
sell(licenseID, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a market sell alert with relevant syntax commands. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A market order alert string with valid PC syntax based on supplied parameters
closeall(licenseID, comment, secret, freq, debug)
Closes all open trades at market regardless of symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closealleaoff(licenseID, comment, secret, freq, debug)
Closes all open trades at market regardless of symbol, and turns the EA off. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelong(licenseID, symbol, comment, secret, freq, debug)
Closes all long trades at market for the given symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closeshort(licenseID, symbol, comment, secret, freq, debug)
Closes all open short trades at market for the given symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelongshort(licenseID, symbol, comment, secret, freq, debug)
Closes all open trades at market for the given symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelongbuy(licenseID, risk, symbol, comment, secret, freq, debug)
Close all long positions and open a new long at market for the given symbol with given risk/contracts. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : Risk or contracts (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closeshortsell(licenseID, risk, symbol, comment, secret, freq, debug)
Close all short positions and open a new short at market for the given symbol with given risk/contracts. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : Risk or contracts (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltplong(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any open long trades on the given symbol with the given values. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltpshort(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any open short trades on the given symbol with the given values. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelongpct(licenseID, symbol, comment, secret, freq, debug)
Close a percentage of open long positions (according to EA settings). Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closeshortpct(licenseID, symbol, comment, secret, freq, debug)
Close a percentage of open short positions (according to EA settings). Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelongvol(licenseID, risk, symbol, comment, secret, freq, debug)
Close all open long contracts on the current symbol until the given risk value is remaining. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : The quantity to leave remaining
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closeshortvol(licenseID, risk, symbol, comment, secret, freq, debug)
Close all open short contracts on the current symbol until the given risk value is remaining. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : The quantity to leave remaining
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
limit_order(licenseID, buy, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a limit order alert with relevant syntax commands. Required params: licenseID, buy, price, risk.
Parameters:
licenseID (string) : Your PC license ID
buy (bool) : true=buy/long, false=sell/short
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A limit order alert string with valid PC syntax based on supplied parameters
buylimit(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a buylimit order alert with relevant syntax commands. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A limit order alert string with valid PC syntax based on supplied parameters
selllimit(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a selllimit order alert with relevant syntax commands. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A limit order alert string with valid PC syntax based on supplied parameters
stop_order(licenseID, buy, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a stop order alert with relevant syntax commands. Required params: licenseID, buy, price, risk.
Parameters:
licenseID (string) : Your PC license ID
buy (bool) : true=buy/long, false=sell/short
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
buystop(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a buystop order alert with relevant syntax commands. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
sellstop(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a sellstop order alert with relevant syntax commands. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancel_neworder(licenseID, order, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancel + place new order template function.
Parameters:
licenseID (string) : Your PC license ID
order (string) : Cancel order type
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancellongbuystop(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancels all long orders with the specified symbol and places a new buystop order. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancellongbuylimit(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancels all long orders with the specified symbol and places a new buylimit order. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancelshortsellstop(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancels all short orders with the specified symbol and places a sellstop order. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancelshortselllimit(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancels all short orders with the specified symbol and places a selllimit order. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancellong(licenseID, symbol, accfilter, comment, secret, freq, debug)
Cancels all pending long orders with the specified symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A cancel long alert command
cancelshort(licenseID, symbol, accfilter, comment, secret, freq, debug)
Cancels all pending short orders with the specified symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A cancel short alert command
newsltpbuystop(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any pending buy stop orders on the given symbol. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltpbuylimit(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any pending buy limit orders on the given symbol. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltpsellstop(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any pending sell stop orders on the given symbol. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltpselllimit(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any pending sell limit orders on the given symbol. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
eaoff(licenseID, secret, freq, debug)
Turns the EA off. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
eaon(licenseID, secret, freq, debug)
Turns the EA on. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string Library
Trend Direction Sequence | Auto-Multi-TimeframeThe main benefit of this indicator is the ability to see multiple higher timeframes at ones to get a better overview of signals that could mark possible trend reversals with more weight than those on the selected timeframe. Since the higher timeframes are calculated automatically, the user needs to set a Period Multiplier that multiplies the selected timeframe several times to determine the higher timeframes. Equal periods are filtered out. And the current highest timeframe is capped at 1 year by PulseWire.
It is possible to alter the sequence Count Limit and the underlying Wavelength. The Wavelength defines the distance between the starting and ending candle. This builds the minimum condition to find a trend. A longer Wavelength means that the distortions between the start and end candle can be bigger, so it can become easier to find a trending sequence. But be careful not to set the length too high as this could mean that the resulting sequence does not really represent a trend anymore. The Count Limit defines the completion of a trending sequence. A higher number makes it more difficult to find a completed sequence, but also makes the result more reliable. If the Wavelength is changed, the Count Limit should be adjusted accordingly.
There is also a qualifier for the completion of a sequence. A completed sequence only will be labeled on the chart, if it is proved that the lowest low/highest high of the last two candlesticks of a period is lower/higher than that of the previous two candlesticks. It does not require the trend to be continuous on the last candlestick. On the contrary, a trend shift may already have begun.
By default, the labeling of completed sequences will appear on the highs and lows of the specific periods. Because the higher periods will take time and several candlesticks to appear, the labels will be redrawn accordingly. As an option it is possible to disable the Count Limit for completed sequences so that the labels will be fluently redrawn until the corresponding sequences are interrupted by trend breaks. Only activate this option, if it can serve a plausible strategy.
The count status of all sequences in the specific timeframe periods is listed in a table. Also the results of the trends in higher timeframes are accumulated and combined into an overall trend. Positive trends are counted as positive, negative in the opposite case. To see the resulting Trend Shift Signals, the user can set a filter under 100% so that not all of them will be filtered out and therefore labeled on the chart (this signals cannot be redrawn). An “External Indicator Analysis Overlay” can be used to analyze the profitability with the provided Trend Shift Signal (TSS) which switches from 0 to 1, if the trend becomes positive or from 0 to -1, if the trend becomes negative. Indicator
Indicator
Tailored-Custom Hamonic Patterns█ OVERVIEW
We have included by default 3 known Patterns. The Bat, the Butterfly and the Gartley. But have you ever wondered how effective other,
not yet known models could be? Don't ask yourself the question anymore, it's time to find out for yourself! You have the option to customize
your own Patterns with the Backtesting tool and set Retracement Ratios and Targets for your own Patterns. In addition to this, in order to determine
the Trend at a glance and make Pattern detection more efficient, we have linked the calculation of Patterns to Bands of several types to choose
from (Bollinger, Keltner, Donchian) that you can select from a drop-down menu in the settings and play with the Multiplier
and the Adaptive Length of the Patterns to see how it affects the success rate in the Backtesting table.
█ HOW DOES IT WORK?
- Harmonic Patterns
-Pattern Names, Colors, Style etc… Everything is customizable.
-Dynamic Adaptative Length with Min/Max Length.
- XAB/ABC Ratio
-Min/Max XAB/ABC Configurable Ratio for each Pattern to create your own Patterns.
(This is really the particular option of this Indicator, because it allows you to be able to Backtest in real time
after having played at configuring your own Ratios)
- Bands
-Contrary to the original logic of the HeWhoMustNotBeNamed script, here when the price breaks out of the upper Bands
(example, Bollinger band, Keltner Channel or Donchian Channel) , with a predetermined Minimum and Maximum Length and Multiplier, we can consider
the Trend to be Bearish (and not Bullish) and similarly when the price breaks down in the lower band, we can consider the Trend
to be Bullish (not Bearish) . We have also added the middle line of the Channels (which can be useful for 'Scalper' type Traders.
-The Length of the Bands Filter is directly related to the Dynamic Length of the Patterns.
-You can use a drop-down menu to select from the following Bands Filters :
SMA, EMA, HMA, RMA, WMA, VWMA, HIGH/LOW, LINREG, MEDIAN.
-Sticky and Adaptive Bands options has been included.
- Projections
-BD/CD Projection Ratio configurable for each Pattern.
(Projections are visible as Dotted Lines which we can choose to Extend or not)
- Targets
-Target, PRZ and Stop Levels are set to optimal values based on individual Patterns. (The PRZ Level corresponds to point D
of the detected Pattern so its value should always be 0) but you can change the Targets value (defined in %) as you wish.
Again here, you have the option to fully configure the Style and Extend the Lines or not.
- Backtesting Table
-As said previously, with the possibility of testing the Success Rate of each of the 3 Customizable Patterns,
this option is part of the logic of this Indicator.
- Alerts
-We originally believe that this Indicator does not even need Alerts. But we still decided to include at least one Alert
that you can set for when a new Pattern is detected.
█ NOTES
Thanks to HeWhoMustNotBeNamed for his permission to reuse some part of his zigzag scripts.
Remember to only make a decision once you are sure of your analysis. Good trading sessions to everyone and don't forget,
risk management remains the most important! Indicator
