True Strength Index Ribbon
True Strength Index Ribbon: A new way to visualize momentum
Most TSI indicators answer a simple question:
"Is momentum bullish or bearish?"
The True Strength Index Gradient Ribbon was designed to answer a much more useful question:
"How committed is momentum to that direction?"
Instead of displaying two ordinary oscillator lines that constantly cross and overlap, this indicator transforms the relationship between the TSI and its signal line into a continuously expanding and contracting gradient ribbon.
The result is an oscillator that allows traders to recognize momentum shifts almost instantly while dramatically reducing the visual clutter common to traditional TSI implementations.
Why a ribbon?
Momentum isn't simply bullish or bearish.
It has strength.
It has conviction.
It accelerates.
It weakens.
It compresses before expanding again.
The width of the ribbon naturally visualizes the distance between the TSI and its signal line.
A widening ribbon suggests increasing directional commitment.
A narrowing ribbon often indicates weakening momentum or an approaching transition.
Instead of mentally measuring the distance between two moving lines, your eyes recognize it immediately.
Designed for mean reversion and trend trading
While the indicator performs well as a traditional trend-following oscillator, it was specifically developed with mean reversion trading in mind.
Markets spend surprisingly little time at statistically stretched levels.
By combining directional momentum with configurable extension zones, traders can quickly identify when momentum is beginning to reverse after reaching unusually extended conditions.
The indicator intentionally avoids telling traders what to buy or sell.
Instead, it provides objective information that can be combined with price action, structure, moving averages, VWAP, volume, or any existing trading methodology.
Key Features
• Innovative gradient ribbon visualization
• Multiple signal moving average options:
EMA
SMA
WMA
RMA
HMA
VWMA
ALMA
• Higher-timeframe smoothing without changing your chart timeframe
• Four display modes:
Ribbon Only
Signal Line Only
Solid Signal Line Only
Ribbon + Signal Line
• Customizable bullish, bearish, neutral, and extreme colors
• Configurable extension levels for progressively stretched market conditions
• Optional extension-zone shading
• Live Extension Grade panel showing:
Direction
Degree of extension
Current TSI value
• Bullish and bearish crossover alerts
• Extension alerts for every major threshold
Timeframe smoothing
One of the more unique capabilities of this indicator is timeframe-based smoothing.
Instead of requiring traders to constantly switch chart timeframes, the script can internally scale its smoothing calculations to approximate the behavior of a higher timeframe while remaining on the current chart.
This produces cleaner momentum structure while preserving the convenience of lower-timeframe execution.
Extension Grades
Rather than treating all overbought and oversold conditions equally, this indicator classifies momentum into progressively stronger extension levels.
Examples include:
• Moderately Extended
• Extended
• Very Extended
• Extremely Extended
The goal isn't to predict reversals simply because a market reaches an extreme.
Instead, these classifications provide context so traders can better judge when momentum has become unusually stretched.
Built for customization
Every trader sees momentum differently.
Nearly every visual element can be customized, including:
Colors
Signal moving average
Signal smoothing
Ribbon visibility
Timeframe smoothing
Extension thresholds
Zone shading
Signal line appearance
This allows the indicator to adapt to different markets, different trading styles, and different visual preferences.
Design Philosophy
The best indicators don't make trading decisions.
They improve the trader's ability to understand market behavior.
The True Strength Index Ribbon was built around one simple objective:
Transform momentum from something you calculate...
into something you can immediately see.
If this script helps your trading, consider leaving a Like and sharing your feedback. Suggestions for future improvements are always welcome.
Disclaimer
This indicator is provided for educational and informational purposes only. It is designed to assist with market analysis and should not be considered financial or investment advice. No indicator can predict future market movements or guarantee profitable trades. Always conduct your own research, use appropriate risk management, and consider multiple factors before making any trading decisions. Indicator
Extreme Reversal Channel [JOAT]Extreme Reversal Channel
Introduction
Extreme Reversal Channel is an open-source adaptive channel that tracks persistent upper and lower extremes, gradually resets stale levels, and marks confirmed reversal conditions when price rejects a fresh extreme through the channel midpoint.
The problem it solves is stale channel context. Fixed lookback channels can jump abruptly as old bars roll out. Extreme Reversal Channel uses persistent state and controlled interpolation, creating smoother structural boundaries while still adapting to current price.
Core Concepts
1. Persistent Extreme Tracking
The upper channel updates when a new high exceeds the current upper core. The lower channel updates when a new low breaks the current lower core.
2. Counter-Based Reset
If no new extreme appears after the selected reset length, the stale level interpolates toward current price using the reset alpha setting.
upperCore := upperCore * (1.0 - alpha) + high * alpha
lowerCore := lowerCore * (1.0 - alpha) + low * alpha
3. Midpoint Reversal Confirmation
A bullish reversal requires a fresh lower extreme and a confirmed close back above the midpoint. A bearish reversal requires a fresh upper extreme and a confirmed close back below the midpoint.
4. Channel vs Trail Mode
Channel mode shows the upper, lower, and midpoint. Trail mode shows a single adaptive trailing reference derived from the current trend state.
Features
Adaptive upper/lower extremes: Persistent channel boundaries that update with new highs/lows
Reset interpolation: Stale levels drift toward current price instead of disappearing abruptly
Midpoint reversal logic: Reversal labels require closed-bar confirmation
Gradient channel fills: Upper and lower channel regions are lightly shaded
Optional trail mode: Converts the channel into a single adaptive stop reference
Top-right dashboard: Trend, mode, width, price position, reset age, and signal state
Alerts: Confirmed bullish and bearish reversal events
Input Parameters
Channel:
Reset Length: Bars allowed before an untouched extreme resets
Reset Alpha: Interpolation speed toward current price
Body Filter: Minimum candle body quality for reversal labels
Trailing Mode: Switches from full channel to trail display
How to Use This Indicator
Step 1: Use the channel boundaries as adaptive structural extremes.
Step 2: Watch for midpoint rejections after fresh extremes.
Step 3: Use trail mode when you want a simpler directional reference.
Step 4: Read price position and channel width in the dashboard before interpreting a reversal.
Indicator Limitations
Reversal labels can be early in strong breakout conditions
Very narrow channels require caution because small moves can cross the midpoint easily
The channel is adaptive context, not a complete trade system
Signals are confirmed on closed bars and do not use future references
Originality Statement
Extreme Reversal Channel is original in its combination of persistent extreme tracking, reset interpolation, midpoint rejection logic, optional trail mode, and compact dashboard output. It does not copy third-party source code.
Disclaimer
This open-source indicator is provided for educational and informational purposes only. It is not financial advice. Market conditions can invalidate reversal context, and risk management remains essential.
-Made with passion by jackofalltrades
Indicator
Shark Hunt | AnonycryptousShark Hunt | Anonycryptous
Description & user manual
(Some chart snapshots below)
Why makes this indicator different?
Most liquidity indicators show you levels. They draw a box where a swing high or low formed and wait for price to return. They do not tell you whether the return matters. They do not filter what is noise from what is a genuine institutional event. They do not confirm whether the move that touched the level was a stop hunt or just a graze. They show you where. Not what.
Shark Hunt works differently.
It does not just detect liquidity zones. It hunts what happens at them — mechanically, bar by bar, through a multi-layer confirmation engine that evaluates wick penetration, volume, rejection strength, and optional pattern confluence before a signal fires. Every condition has a purpose. Every filter reflects something that institutional order flow actually leaves behind.
Most traders can look at a chart in hindsight and spot a liquidity sweep. They see the wick, they see the reversal, they understand what happened. The challenge is identifying it as it forms, before the move is over. That is what Shark Hunt is built to do.
And then there is the Failure Entry engine.
Not every meaningful institutional move starts at a marked zone. Sometimes price sweeps a structural pivot mid-chart — no zone, no prior markup — and reverses sharply. These are swing failure patterns: a wick through a recent high or low, a close back inside, and the market moving the other way. Shark Hunt includes a complete standalone engine for detecting and trading these setups, with its own signal system, trade block, and performance tracking. It is an indicator within an indicator. When you enable it, the entire color scheme shifts to make the mode change unmistakable.
Most indicators are built for one idea. Shark Hunt is built for two ways of reading the same market — and it tells you clearly which mode you are in.
Important notice
Shark Hunt generates trading signals based on pattern detection and volume analysis.
These signals are not financial advice.
They do not predict the future.
They do not guarantee profitability.
All trading decisions are made entirely by the user.
Always manage your own risk. Always apply your own judgment.
1. Overview
Shark Hunt is a liquidity zone detection and sweep confirmation indicator built around the behavior of institutional participants — how they build positions, how they run stops, and how that activity shows up on a chart.
What it includes:
- Impulse-scored liquidity zone detection at swing highs and lows
- Three-tier zone significance: scalp, intermediate, and major
- Multi-layer sweep confirmation: wick penetration, volume, rejection, and pattern gates
- Zone flip logic: broken support becomes resistance and vice versa
- Zone hold statistics with percentage display and liquidity value per zone
- Five price pattern detections: imbalances, absorption bars, price failures, level break retests, and wick traps
- Trade block visualization with configurable RR ratio, SL mode, and width
- Failure Entry engine: standalone SFP signal system with independent settings and trade blocks
- Sweep and failure mode color switching: fluor green/red for zone mode, fluor cyan/red for failure mode
- Neon glow rendering for both candles and zones: independently configurable
- Live dashboard showing active mode, zones, trade statistics, and PnL in R
- Alerts for zone sweep longs, zone sweep shorts, failure longs, and failure shorts
2. How zones are built
Shark Hunt detects liquidity pools at confirmed swing highs and lows using a pivot-based engine. Every zone is scored at the moment of formation using a composite impulse quality score — a weighted combination of body strength, volume relative to average, and bar range relative to ATR. Higher scores mean the move away from the zone was more decisive. When two zones form too close together, the weaker one is removed. Only the more significant level survives.
Zone significance is configurable in three modes:
-Scalp
Short pivot lookback. More zones formed, closer to current price. Suited for fast timeframes and intraday scalp setups.
-Intermediate
Balanced detection. A practical default across most instruments and timeframes.
-Major
Extended pivot lookback. Only the most significant structural levels qualify. Fewer zones, higher conviction per zone.
Each zone extends to the right in real time. A stats label shows the percentage of touches where price held without sweeping — the hold rate — and the estimated liquidity value at the formation bar, calculated as volume multiplied by price. These two numbers tell you how historically respected a zone is and how much institutional interest was present when it formed.
When price closes decisively through a zone, the zone flip logic converts it to the opposite side. A broken demand zone becomes supply. A broken supply zone becomes demand. This mirrors how smart money re-uses levels.
3. Sweep confirmation
A sweep fires only when all enabled conditions are satisfied on the same bar at close.
Wick penetration
The wick must break through the zone boundary by at least a configurable percentage of price. This filters grazes from genuine stop hunts. At 0.05%, small but intentional penetrations qualify. At 0.2% and above, only decisive spikes are counted.
Volume confirmation
The sweep bar must have volume at or above a configurable multiple of the rolling average. Institutional sweeps require size to move price and collect stops. A sweep on below-average volume is usually noise. This filter is toggleable.
Wick rejection
The wick that swept the zone must represent a minimum percentage of the bar's total range. A high rejection percentage means the bar closed far from its sweep extreme — price was pushed back hard. A low percentage means price drifted through and kept going. This filter is toggleable.
Pattern confirmation gates
Three optional gates can be added on top of the base sweep conditions:
- Require Price Failure (SFP): the sweep bar must also close back inside a recent pivot. Stop hunt confirmed by structure.
- Require Wick Trap: the sweeping wick must be at least twice the body size and larger than half an ATR. Pin-bar quality required.
- Require Absorption Bar: the sweep bar must fully engulf the previous candle. One-sided institutional commitment on the sweep itself.
Each gate is independent. Any combination can be active simultaneously. When all three are off, the base filters apply. When one or more are on, they stack as AND conditions — all must pass.
A cooldown setting prevents duplicate signals on the same level by requiring a minimum number of bars between confirmed sweeps.
When a sweep confirms, the zone is marked as swept and fades. A trade block is drawn showing the SL zone and TP zone based on the configured stop loss mode and RR ratio.
4. Price patterns
Five independent price pattern detections run continuously alongside the zone engine. Each can be toggled on or off.
-Price imbalances
Three-candle gaps where price moved too fast for two-sided trading. The gap between the first and third candle is visible as a small filled box. These areas act as magnets — price tends to return. A bull imbalance forms when a bullish candle leaves a gap above. A bear imbalance forms the same way in the opposite direction.
-Absorption bars
A candle that fully engulfs the previous candle in body. The current bar opened inside the prior bar's body and closed beyond it on the opposite side. This shows one side overpowering the other in a single bar — a sign of directional commitment. Marked with a small dot above or below the bar.
-Price failures
A bar that breaks a recent swing pivot with its wick but closes back inside. The market attempted a breakout, ran the stops beyond the pivot, then reversed. This is the mechanical signature of an institutional stop hunt at a structural level. Marked with a clean "F" label in bull or bear color.
-Level break and retest
When price closes through a recent pivot level and then returns to test it from the other side, a retest marker fires. Broken resistance retested as support, and vice versa. The cross marker appears at the retest bar.
-Wick traps
Candles with a wick at least twice the body size and larger than half an ATR. These mark areas of strong rejection. When a wick trap appears at or near a zone, it adds weight to the setup. Marked with a directional arrow.
5. Trade block
When a zone sweep confirms, a trade block is drawn from the signal bar forward. It shows the SL zone in red and the TP zone above or below entry.
Two stop loss modes are available:
-Zone mode
The stop is placed at the zone boundary plus a configurable ATR buffer. Consistent across setups — the SL is anchored to the structural level that defined the zone.
-Wick mode
The stop is placed at the deepest point of the sweep wick plus a configurable ATR buffer. Tighter, and closer to the actual sweep extreme. Can vary significantly bar to bar depending on wick size.
The RR ratio scales the TP distance as a multiple of the SL distance. At 1.0, TP equals SL distance — a 1:1 setup. At 2.0, TP is twice the SL distance. The trade block width in bars is configurable.
The backtest engine runs alongside the live chart. Every confirmed signal is tracked. When TP or SL is reached, the result is recorded as positive or negative R and accumulated in the dashboard.
6. Dashboard
The dashboard is displayed in a configurable position at tiny, small, or normal size.
It shows:
- Active mode: Sweep — on or off. Failure — on or off. Immediately visible at a glance.
- Depth: the current zone significance setting.
- Bull liquidity: number of active bull zones, with fresh zone count.
- Bear liquidity: same for bear zones.
- ATR: current ATR value for the active calculation period.
- Trades, longs, shorts, wins, losses, win rate: cumulative signal statistics.
- Total PnL in R: cumulative result across all signals.
- Expected value in R: average result per trade.
Mode colors are active throughout. In zone sweep mode, bull elements appear in fluor green. In failure entry mode, everything bull switches to fluor cyan. Bear elements remain in fluor red in both modes. The mode switch is visible across every element on the chart — zones, candles, markers, trade blocks, and the dashboard simultaneously.
7. Neon glow
Two independent glow systems are available under the Visuals section.
Neon glow candles
Three stacked plotcandle layers render the candles in fluor color with a soft outer glow. Body transparency and wick and border transparency are separately adjustable — softer body, harder wicks gives the most readable result. Two glow layers control the diffuse outer glow and the inner primary glow independently.
For best results: open chart settings, go to the Style tab, and set the default candle body, border, and wick to fully transparent. This removes the standard PulseWire candle rendering and lets only the glow candles show.
Neon glow zones
Four stacked box layers per zone produce a layered neon glow from the zone boundary outward. A single Zone Glow Strength slider controls all layers simultaneously — lower values produce a more intense neon effect, higher values produce a softer ambient glow.
Both systems work in both modes. When failure entry mode is active, the glow shifts to fluor cyan for all bull elements.
8. ⚡ The Failure Entry engine — the Bonus 🦈
Zone sweeps are the core of Shark Hunt. But not every institutional move starts at a marked level.
Sometimes price sweeps a structural pivot that has no zone drawn on it — a recent swing high or low that formed mid-session, between established zones. The move is decisive: a wick beyond the pivot, a close back inside, and price accelerating in the opposite direction. These are swing failure patterns. They are one of the cleanest institutional signatures available — a stop hunt at a structural level, confirmed by the bar's own price action.
The Failure Entry engine is a fully independent system inside Shark Hunt, built specifically to detect and trade these setups.
When Failure Entry mode is enabled, the zone sweep signal system is suspended. Zones remain on the chart as structural context — they often align with logical TP levels for failure trades. But entries come only from the failure engine.
The failure engine uses its own pivot lookback, separate from the zone detection engine. A dedicated wick size filter measured in ATR is the primary quality gate — it controls how large the failure wick must be relative to current volatility. Small values allow minor structural failures. Larger values require significant spike reversals. This is the primary lever for tightening or loosening signal quality.
A separate wick rejection percentage filter ensures the sweep bar closed convincingly away from its extreme. Volume confirmation with its own multiplier can be applied independently. A cooldown prevents duplicate signals on the same pivot.
The failure engine has its own trade block: fluor cyan for TP, fluor red for SL. The SL can be placed at the wick tip or at the pivot level itself, each with its own ATR buffer. The RR ratio and block width are independently configurable.
Performance is tracked separately. The failure PnL, win rate, and expected value accumulate in their own records and are reflected in the total dashboard figures. Every failure trade contributes to the overall session result.
Enabling failure entry mode changes the entire visual environment. All bull elements — zones, candles, markers, trade blocks — switch from fluor green to fluor cyan. The mode status rows in the dashboard confirm what is active at a glance. Switching modes is one toggle. The chart responds immediately across every element.
The failure engine is not a replacement for the zone sweep system. It is a complementary tool for catching institutional moves that do not begin at a pre-mapped level. Used in combination with the zone context still visible on the chart, it gives Shark Hunt coverage of both types of setup — the anticipated sweep at a known level, and the opportunistic reversal at an unmarked pivot.
9. Settings reference
9.1 Zone detection
- Pivot lookback: bars each side to confirm a swing high or low
- Zone significance: scalp, intermediate, or major
- Max active zones per side: upper limit on tracked zones
- Zone ATR width: zone height as a multiple of ATR
- Min zone separation (ATR): minimum distance between zones of the same type
- Show fresh zones only: hide swept zones or keep them faded
- Enable zone flip: convert broken zones to the opposite side
9.2 Sweep confirmation
- Min wick penetration (%): minimum wick break through zone boundary
- Volume confirmation: toggle volume filter on or off
- Min volume multiple: minimum sweep bar volume relative to average
- Volume average period: rolling volume baseline length
- Wick rejection filter: toggle wick size filter on or off
- Min wick rejection (%): minimum wick as percentage of bar range
- Cooldown bars between sweeps: minimum gap between signals
- Require price failure (SFP): optional pattern gate
- Require wick trap: optional pattern gate
- Require absorption bar: optional pattern gate
9.3 Price patterns
- Show price imbalances
- Show absorption bars
- Show price failures
- Show level breaks and retests
- Show wick traps
9.4 Trade block
- Show trade block on sweep
- RR ratio
- SL mode: zone or wick
- SL buffer (ATR)
- Trade block width (bars)
9.5 Visuals
- Bull and bear liquidity zone transparency
- Show zone stats label
- Show % hold
- Show liquidity value
- Zone label size
- Min % hold to show zone
- Enable neon glow candles
- Body transparency (soft)
- Wick and border transparency (hard)
- Primary glow strength
- Secondary glow strength (diffuse)
- Enable neon glow zones
- Zone glow strength
9.6 Failure entry
- Enable failure entry mode
- Pivot lookback
- Min failure wick (ATR)
- Min wick rejection (%)
- Volume confirmation
- Min volume multiple
- Cooldown bars between failures
- SL mode: wick or pivot
- SL buffer (ATR)
- RR ratio
- Trade block width (bars)
- Show trade block on failure
9.7 Dashboard
- Show dashboard
- Position: top left, top right, bottom left, bottom right
- Size: tiny, small, normal
10. How to use
10.1 Initial setup
1. Set zone significance to match your timeframe. Major works well on 3m and 15m as a starting point.
2. Enable the filters you want active. Volume confirmation and wick rejection are on by default — these are the minimum recommended filters.
3. Set your RR ratio. The default of 1.0 is conservative. Adjust based on your own risk management rules.
4. Decide whether to use zone mode or failure entry mode. Both can be tested and compared using the dashboard statistics.
5. If you want neon glow rendering, set default chart candles to transparent first, then enable the glow toggles.
10.2 Reading the chart
Zones in fluor green are bull liquidity pools — unfilled stop clusters below recent swing lows. Zones in fluor red are bear liquidity pools above swing highs. The opacity and label show how historically respected each zone is.
When price approaches a zone, watch the sweep confirmation criteria. A qualifying bar at close triggers the signal and draws the trade block.
"F" labels mark price failure patterns. When an F appears near a zone boundary, it strengthens the setup. A price failure at a liquidity zone is the clearest confluence available in Shark Hunt — a structural stop hunt confirmed by both the zone engine and the failure pattern simultaneously.
Imbalance boxes, absorption dots, retest crosses, and wick trap arrows all provide additional context. None of them are trade signals by themselves. They are confluence indicators — the more of them align with a zone sweep, the higher the contextual quality of the setup.
10.3 Illustrative bull scenario
Educational example only. Not a trading recommendation.
A swing low forms with strong impulse score. A bull liquidity zone is drawn below it, showing 100% hold and a high liquidity value. Several bars later, price dips into the zone with a sharp wick on elevated volume. The wick is larger than the body, covering more than 25% of the bar range. The bar closes above the zone boundary. A fluor green triangle fires below the bar. The trade block appears showing the TP zone above and the SL zone below. An "F" label also appears on the same bar — the zone sweep and the price failure both confirmed simultaneously.
10.4 Illustrative bear scenario
Educational example only. Not a trading recommendation.
Price rallies into a bear liquidity zone marked from a prior swing high. The approach candle is an absorption bar — a dot appears above it. On the next bar, a sharp spike above the zone on high volume forms a wick that covers more than 25% of the bar range, closing back below the zone top. The sweep confirms. A fluor red triangle fires above the bar. The trade block drops from entry to the TP target below. A wick trap arrow also marks the same bar — strong institutional rejection at a known supply level.
10.5 Using failure entry mode
Enable failure entry mode when you want to trade swing failure patterns without requiring a pre-mapped zone.
The zone boundaries remain on the chart. Use them as context. A failure trade that targets a nearby bull or bear zone as its TP has structural justification for the exit level.
The min failure wick (ATR) setting is the primary quality control. Start at 0.4. If you see too many minor failures firing, raise it. If the engine is missing moves you can see visually, lower it.
The dashboard will show failure-specific statistics. Compare the failure win rate and expected value to the zone sweep statistics. Over time, this data tells you which setup type performs better on your instrument and timeframe.
10.6 Timeframe guide
- 1m–2m: scalp depth, loose filters, high zone count, failure mode useful
- 3m–5m: recommended default settings, both engines perform well
- 15m: major depth, tighter wick penetration, fewer but higher quality setups
- 30m and above: increase pivot lookback for both zone and failure engines
11. Tip
The zone hold percentage is information. A zone with 0% hold has been swept every time price visited it. That is a weak zone — it may not hold the next time either. A zone at 95% hold has defended itself repeatedly. That is a level with a track record.
Volume confirmation is your noise filter. On most instruments, genuine institutional sweeps show up on volume. A sweep on below-average volume is usually a retail move or a thin-market spike. Keep volume confirmation on unless your instrument has unreliable volume data.
The pattern confirmation gates stack. Requiring price failure, wick trap, and absorption simultaneously will produce very few signals — but the ones that fire will have three independent confirmations in addition to the base sweep conditions. Use the gates selectively based on how many signals your timeframe normally generates.
Zone glow and candle glow are independent. You can use zone glow without candle glow, or both together. The neon rendering is a visual choice — it does not affect signal logic.
Failure mode changes everything visually. When you enable it, the entire chart shifts to fluor cyan for bull elements. This is intentional — it makes the mode switch obvious. There is no ambiguity about which engine is active.
The dashboard expected value is the most useful long-term metric. A positive expected value means the average signal generates profit over time. A negative value means the current settings lose on average even if the win rate looks reasonable. Track it across sessions to validate your configuration.
Chart snapshots:
12. Disclaimer
This indicator is provided for educational and informational purposes only. Nothing in this document constitutes financial advice or any form of recommendation. Trading financial instruments involves substantial risk of loss. Past performance is not indicative of future results. You may lose all of your invested capital.
Anonycryptous accepts no responsibility or liability for any losses incurred as a result of using this indicator.
Indicator
Indicator
Momentum Lifecycle Detector [BullByte]Momentum Lifecycle Detector
An early trend detection oscillator that tracks momentum through five lifecycle phases - from birth to death - using DI spread acceleration analysis . Designed to identify momentum ignition before traditional ADX signals, and warn of trend exhaustion before it becomes obvious.
WHAT THIS INDICATOR DOES
The Momentum Lifecycle Detector (MLD) is a momentum oscillator with integrated trend phase classification. It answers the question every trend trader needs answered: "Where in its life is this momentum right now?"
Most trend strength indicators tell you a trend exists after the move is already underway. ADX crossing above 25 is a lagging confirmation. MLD solves this by detecting the birth of momentum at the earliest mathematically identifiable point, then tracking that momentum through five distinct lifecycle phases until it dies.
The indicator displays:
An ATR-normalized momentum oscillator (the main line you follow)
A signal line for crossover analysis
A histogram showing momentum-signal divergence
A colored lifecycle band showing the current phase
Consolidation zone boxes marking coiled energy before breakouts
A reversal atmosphere glow when momentum curvature suggests reversal
A dashboard summarizing momentum conditions at a glance
Adaptive dead zone and choppy market warnings
THE PROBLEM THIS SOLVES - WHY TRADERS NEED EARLY TREND DETECTION
Traditional ADX tells you a trend is strong when it crosses above 25. By that point, the optimal entry window has often closed. Conversely, ADX gives no clear warning when a trend is dying - it just slowly rolls over after the move has already reversed.
The core innovation in MLD is measuring the acceleration of the gap between +DI and -DI. Here is the mathematical logic:
Spread = |+DI minus -DI| - How far apart are bullish and bearish pressure?
Velocity = Spread minus Spread - Is that gap widening or narrowing?
Acceleration = Velocity minus Velocity - Is the widening itself speeding up?
When acceleration is positive and velocity is positive while ADX is still low, a new trend is actively forming. This is the mathematical fingerprint of momentum at birth - detectable bars before ADX would give any signal.
WHY THESE SPECIFIC COMPONENTS - JUSTIFICATION FOR THE INTEGRATION
This indicator combines several analytical methods into a unified lifecycle detection framework. Each component serves a specific, non-redundant purpose. Here is why each exists:
Zero-Lag EMA Momentum Oscillator
Purpose : The primary visual output traders watch and trade.
Method : Difference between fast ZLEMA (default 9) and slow ZLEMA (default 21), divided by ATR, multiplied by 100.
Why ZLEMA : Standard EMA lags behind price. ZLEMA compensates by adding the difference between the current price and its lagged value before smoothing. This produces earlier momentum readings without adding noise.
Why ATR normalization: Raw price differences are not comparable across instruments. A 5-point move means something different on a $10 stock versus Bitcoin. Dividing by ATR makes oscillator readings universal - a reading of +50 represents the same relative momentum strength on any chart, any timeframe.
Gaussian-Weighted Directional Indicators
Purpose : Feed responsive directional data into the lifecycle detection engine.
Method : Instead of standard Wilder smoothing for +DI and -DI, a Gaussian (bell-curve) decay function applies exponentially more weight to recent bars. The formula is exp(-(n/len)^2).
Why Gaussian weighting : Standard DI treats all bars in the lookback equally. A directional move from 14 bars ago counts the same as one happening now. Gaussian decay makes DI inherently more responsive to fresh moves without shortening the period (which would increase noise).
ZLEMA-Smoothed ADX
Purpose : Trend strength measurement for phase classification.
Method : DX calculated from Gaussian-weighted DI values, smoothed with ZLEMA instead of traditional Wilder smoothing.
Why ZLEMA-smoothed: Standard Wilder-smoothed ADX is deliberately sluggish by design. For lifecycle detection, we need ADX that responds faster to "waking up" and "rolling over" behaviors that define phase transitions.
DI Spread Acceleration Engine
Purpose : The core innovation - detects momentum birth before ADX confirms.
Method : Calculates the absolute spread between +DI and -DI, derives its velocity (first derivative) and acceleration (second derivative), smooths both with 3-period EMA.
Why this matters: This is what differentiates MLD from existing ADX-based tools. Acceleration of the DI spread is a leading indicator. By the time ADX crosses a threshold, spread acceleration has already been positive for multiple bars. This enables IGNITION detection before traditional signals fire.
Kaufman Efficiency Ratio
Purpose : Regime filter that warns when conditions are choppy.
Method : ER = net price movement divided by total price movement. Values near 1.0 mean efficient directional movement. Values near 0.0 mean price went back and forth without progress.
Why included: Momentum oscillators generate false signals in ranging markets. When ER is low, ADX is weak, and momentum sits inside the dead zone, the background turns gray - warning traders that conditions do not support directional strategies.
Momentum Curvature Analysis
Purpose : Early warning of potential reversals via oscillator curvature.
Method : Second derivative of momentum (how the slope is changing). When momentum is negative but curving upward (positive curvature with positive slope), bullish pressure is building from underneath before the trend visibly reverses. Strength is normalized against 30-bar standard deviation of curvature.
Important : This is purely mathematical curvature of the plotted oscillator. It does not use order flow, volume profile, bid/ask data, or any external source. The term "atmosphere" is a visual metaphor for the glow effect.
These components form an integrated pipeline - they are not independent indicators placed on the same pane. The oscillator provides visual momentum reading, Gaussian DI and ZLEMA ADX feed the lifecycle engine, spread acceleration detects phase transitions, ER provides regime context, and curvature adds reversal awareness. Each output feeds downstream components.
THE FIVE LIFECYCLE PHASES - DETECTION LOGIC EXPLAINED
The lifecycle band at the bottom displays one of five phases. Each has specific mathematical conditions that must all be true simultaneously. A state machine with configurable inertia prevents rapid flickering.
IGNITION - Cyan Band
Conditions : DI crossover within last N bars (default 4), spread acceleration above threshold (default 0.2), spread velocity above threshold (default 0.3), ADX rising for two consecutive bars.
Meaning : Momentum is being born. DI lines just crossed, the gap is accelerating open, ADX is waking. This is the earliest actionable signal. ADX may still be below 20.
State machine : IGNITION transitions instantly (1-bar inertia) because early detection speed matters.
THRUST - Green or Red Band (direction-coded)
Conditions : Past ignition window but within 3x that window, spread velocity above threshold (default 0.5), ADX surged more than threshold (default 1.5) over 3 bars.
Meaning : Young trend gaining real power. Spread velocity is high, ADX is confirming with a surge. The trend is no longer hypothesis - it is building strength.
State machine : THRUST transitions instantly.
PRIME - Deeper Green or Red Band (direction-coded)
Conditions : ADX above strong threshold (default 20), ADX either rising or above its signal line, DI spread above minimum (default 10).
Meaning : Mature, established trend. Maximum directional strength. Most productive phase - but also where exhaustion can begin. Use trailing stops.
State machine : Requires configured inertia (default 2 bars) before transition.
FADING - Orange Band
Conditions : ADX above strong threshold BUT falling AND below its signal line, OR ADX strong but spread velocity sharply negative (below -0.5).
Meaning : Trend is dying. ADX rolling over, DI gap closing. Time to tighten stops, take partials, prepare for next cycle.
State machine: Requires configured inertia before transition.
DEAD - Dark Gray Band
Conditions : None of the above active.
Meaning : No meaningful directional momentum. Market ranging, consolidating, or in transition. Directional strategies unlikely to perform well.
HOW TO READ THE OSCILLATOR PLOT
Momentum Line (thick, color-coded)
Bright green : Momentum positive and rising (bullish, strengthening)
Faded green : Momentum positive but falling (bullish, weakening)
Bright red: Momentum negative and falling (bearish, strengthening)
Faded red : Momentum negative but rising (bearish, weakening)
Gray : Momentum inside dead zone (noise, not signal)
Signal Line (thin orange)
EMA of momentum. Crossovers between momentum and signal highlight directional shifts, similar to MACD signal line usage.
Momentum-Signal Fill (shaded area between the two lines)
Teal shading: Momentum above signal (bullish bias)
Maroon shading: Momentum below signal (bearish bias)
This fill provides instant visual recognition of which line is dominant.
Histogram (vertical columns at zero line)
Shows the gap between momentum and signal.
Bright columns: Gap expanding (momentum pulling away, trend strengthening)
Faded columns: Gap contracting (momentum converging, trend weakening)
Green: Momentum above signal. Red: Momentum below signal.
Dead Zone (gray horizontal band around zero)
Dynamically calculated as a multiple (default 0.5x) of momentum's 50-bar standard deviation.
When momentum is inside this zone, directional signals are unreliable - the reading is within normal noise range.
Zero Line (dotted horizontal)
Momentum above zero: Net bullish pressure
Momentum below zero: Net bearish pressure
Zero line crosses represent directional bias shifts.
CONSOLIDATION ZONES - COILED ENERGY BEFORE BREAKOUTS
Yellow boxes appear on the oscillator when momentum energy is coiling - a potential precursor to a strong directional move.
Detection Logic
Two conditions must be simultaneously true:
Histogram (momentum-signal gap) is unusually tight relative to its recent 50-bar standard deviation.
Momentum slope is unusually flat relative to its recent 50-bar standard deviation.
Both thresholds are adaptive - they automatically adjust to each instrument's typical behavior. This means the indicator detects relative consolidation, not absolute levels, making it equally effective on volatile crypto and stable bonds.
Zone Lifecycle
New zone starts as dotted-border, light yellow box.
If it persists for minimum bar count (default 5), it upgrades to solid-border, brighter yellow - a validated zone.
If momentum drifts too far from where zone started (exceeds drift tolerance relative to zone height), the zone is invalidated and deleted. This prevents slow trends from being falsely labeled as consolidation.
When zone breaks (convergence conditions end), box color changes based on breakout direction: teal for bullish breakout, maroon for bearish breakout.
Only one active zone exists at a time to keep the chart clean.
How to Trade It
Validated consolidation zones (solid border) represent coiled momentum. Breakouts from these zones, especially when accompanied by IGNITION or THRUST phase, often produce strong directional moves. The breakout color immediately tells you the direction.
REVERSAL ATMOSPHERE - CURVATURE-BASED REVERSAL WARNING
A soft colored glow appears around the momentum line when mathematical curvature suggests a reversal is forming.
How It Works
The indicator calculates the second derivative of momentum (curvature - how the slope itself is changing).
Bullish reversal detection: Momentum is below zero (bearish), but slope has turned positive (rising), and curvature is positive (the rise is accelerating). This is the mathematical signature of a bottom forming - momentum is still negative but fighting back.
Bearish reversal detection: Mirror image. Momentum is above zero, but slope is negative and curvature is negative. A top is forming.
Visual Output
Green glow: Bullish reversal pressure building
Red glow: Bearish reversal pressure building
Glow intensity increases with curvature strength, normalized against 30-bar standard deviation
Glow width is configurable (default 8 units)
Important Clarification
This is purely mathematical analysis of the oscillator's own curvature. It does not incorporate order flow data, market depth, bid/ask spreads, or any external data source. The term "atmosphere" is a visual metaphor describing the glow effect, not a claim about market microstructure.
CHOPPY MARKET BACKGROUND - REGIME WARNING
When three conditions are all simultaneously true, the pane background turns gray:
Efficiency Ratio below choppy threshold (default 0.30)
ADX below choppy threshold (default 18)
Momentum inside dead zone
This gray background is a visual warning: "Market conditions are choppy. Momentum signals here are statistically less reliable. Consider waiting for cleaner conditions."
DASHBOARD - THE MOMENTUM WEATHER REPORT
A compact panel (position and size configurable) displaying five key readings:
PHASE
Current lifecycle phase name in corresponding color. Instantly shows where momentum is in its lifecycle.
BIRTH
DI spread acceleration status - is new momentum being created?
ACCELERATING (cyan) : Strong positive acceleration, momentum actively being born
BUILDING (green) : Moderate positive acceleration
QUIET (gray): No significant acceleration
DECELERATING (red): Negative acceleration, momentum creation slowing or reversing
FLOW
Directional bias with magnitude.
BULL : Bullish DI dominance. Number is DI spread (gap between +DI and -DI)
BEAR : Bearish DI dominance
FLAT : Momentum in dead zone, no meaningful directional bias
WEATHER
Overall assessment combining phase and vitality.
FAVORABLE (green): Active phase (IGNITION/THRUST/PRIME) with momentum outside dead zone. Conditions support directional trading.
CAUTION (orange): FADING phase, or PRIME with negative spread velocity. Trend may be exhausting.
UNFAVORABLE (red): DEAD phase or momentum in dead zone. Avoid directional strategies.
PRESSURE
Reversal pressure from curvature analysis.
BULLISH REV (green): Strong bullish reversal curvature
BEARISH REV (red): Strong bearish reversal curvature
BUILDING (cyan): Moderate reversal curvature forming
NONE (gray): No significant reversal pressure
COMPLETE SETTINGS REFERENCE
Core Momentum Oscillator
Fast ZLEMA Length (default 9): Fast moving average responsiveness. Lower = faster, noisier.
Slow ZLEMA Length (default 21): Baseline moving average. Gap between fast and slow produces momentum.
Signal Line Length (default 5): Smoothing period for signal line.
Momentum Smoothing (default 3): Additional noise reduction on raw momentum.
ATR Period (default 14): Normalization period for cross-instrument comparability.
Consolidation Zones
Show Consolidation Zones (default true): Toggle zone detection.
Histogram Sensitivity (default 1.0): How tight momentum-signal gap must be. Lower = stricter.
Slope Sensitivity (default 1.0): How flat momentum must be. Lower = stricter.
Minimum Bars (default 5): Shortest valid consolidation duration.
Drift Tolerance (default 0.4): Maximum directional drift before zone invalidation.
Regime Detection
Efficiency Ratio Period (default 10): Lookback for price efficiency calculation.
ER Smoothing (default 5): Smoothing to prevent rapid regime flipping.
Trend Threshold (default 0.4): ER above this = trending market.
Dead Zone Multiplier (default 0.5): Standard deviations defining the noise band.
Choppy ER Threshold (default 0.30): ER below this contributes to choppy warning.
Choppy ADX Threshold (default 18): ADX below this contributes to choppy warning.
Momentum Lifecycle
Show Lifecycle Band (default true): Toggle the colored phase band.
DI Calculation Length (default 14): Period for Gaussian-weighted +DI/-DI.
ADX Smoothing (default 14): ZLEMA smoothing on DX.
ADX Signal Length (default 5): EMA of ADX for crossover detection.
Ignition Window (default 4): Bars after DI cross qualifying for IGNITION.
State Inertia (default 2): Bars a phase must persist before official transition.
Ignition Accel Threshold (default 0.2): Minimum spread acceleration for IGNITION.
Ignition Velocity Threshold (default 0.3): Minimum spread velocity for IGNITION.
Thrust Velocity Threshold (default 0.5): Minimum spread velocity for THRUST.
ADX Surge Threshold (default 1.5): Minimum ADX rise over 3 bars for THRUST.
ADX Strong Threshold (default 20): ADX above this = strong trend (PRIME/FADING).
DI Spread Minimum (default 10): Minimum DI gap for PRIME confirmation.
Reversal Atmosphere
Show Reversal Atmosphere (default true): Toggle the curvature glow effect.
Glow Width (default 8): Visual width of atmospheric glow. Cosmetic only.
Display
Show Histogram (default true): Toggle momentum-signal histogram.
Show Momentum-Signal Fill (default true): Toggle shaded area between lines.
Show Choppy Background (default true): Toggle gray background warning.
Dashboard
Show Dashboard (default true): Toggle the weather report panel.
Dashboard Position (default Top Right): Panel location on chart.
Dashboard Size (default Small): Text size in panel.
Alerts
Alert on Ignition (default true): Notify when entering IGNITION phase.
Alert on Fading (default true): Notify when entering FADING phase.
Confirm on Bar Close (default true): Wait for bar close before firing alerts. Prevents false signals from intra-bar noise.
ALERTS
Two alert conditions target the most actionable lifecycle transitions:
IGNITION Onset
Fires when lifecycle enters IGNITION phase. Alert message includes directional bias (Bullish/Bearish), current ADX value, and how many bars since DI cross.
FADING Onset
Fires when lifecycle enters FADING phase. Alert message includes ADX value and current spread velocity.
Bar Close Confirmation
When enabled (default), alerts only fire after the bar closes. This prevents false alerts triggered by intra-bar price spikes that later reverse. Recommended to keep enabled for reliable signals.
RECOMMENDED TIMEFRAMES AND INSTRUMENTS
MLD works across all timeframes and instruments due to ATR normalization.
Default settings optimized for: Daily and 4-hour charts.
For lower timeframes (15m, 5m): Consider increasing Momentum Smoothing to 5 and State Inertia to 3 to filter noise.
For weekly charts: Default settings work without adjustment.
For highly volatile instruments (crypto, small caps): The adaptive thresholds automatically adjust. No manual tuning typically required.
For low-volatility instruments (bonds, some forex pairs): Consider reducing Dead Zone Multiplier to 0.3 for more sensitivity.
PRACTICAL EXAMPLE - MOMENTUM LIFECYCLE IN ACTION
Consider a stock range-bound for weeks. ADX reads 12. Traditional trend tools show nothing actionable.
Then +DI crosses above -DI. ADX is still 12. No traditional signal. But MLD detects that the DI spread is accelerating - the gap is not just opening, it is opening faster each bar. ADX has risen for two consecutive bars (waking up). The lifecycle band turns cyan: IGNITION. The dashboard shows BIRTH: ACCELERATING, WEATHER: FAVORABLE.
Over the next few bars, spread velocity increases. ADX surges upward. The band turns green: THRUST. The trend is confirmed and building.
ADX crosses above 20, continues rising, spread stays wide. Band turns deeper green: PRIME. This is the productive phase.
Eventually ADX peaks, starts falling, drops below its signal line. Spread velocity turns negative. Band turns orange: FADING. Dashboard shows WEATHER: CAUTION. Time to trail stops tightly.
ADX falls back below 20, momentum enters dead zone. Band turns gray: DEAD. The lifecycle is complete.
The value: MLD flagged IGNITION several bars before ADX would have signaled anything. It flagged FADING while ADX was still technically strong but deteriorating. This is the early detection advantage.
Chart Example 1:
BTC/USDT 5-minute is showing a classic FADING lifecycle : a bullish thrust peaked around 13:00–14:00, entered a validated consolidation zone, and is now visibly breaking down. The momentum line is curving sharply downward inside the yellow box, the band is orange (FADING), and FLOW has flipped to BEAR 17.9 : confirming the consolidation resolved bearishly, not bullishly. The earlier cyan IGNITION flash (~14:30) failed to sustain, overwhelmed by the dominant fading structure. The dashboard reads WEATHER: CAUTION, PRESSURE: NONE : no reversal energy building yet.
Chart Example 2:
BTC/USDT 15-minute is in DEAD phase with WEATHER: UNFAVORABLE : no tradeable momentum present. The dashboard tells the complete story: FLOW is FLAT meaning neither bulls nor bears have directional control, and PRESSURE is NONE meaning no reversal energy is building beneath the surface either. Despite BIRTH showing ACCELERATING, without flow direction or reversal pressure to back it up, the acceleration has no confirmed destination yet. Stand aside and wait for the lifecycle band to shift out of DEAD before committing.
WHAT MAKES THIS INDICATOR ORIGINAL
The originality lies in three specific innovations not present in standard ADX/DI implementations or common momentum oscillators:
DI Spread Acceleration Analysis
Standard tools measure the DI spread itself or track ADX thresholds. MLD applies derivative analysis - velocity and acceleration - to the spread, transforming a traditionally lagging measurement into a leading indicator of trend formation.
Gaussian-Weighted DI Calculation
Standard DI uses Wilder smoothing with equal weight to all bars. Gaussian decay weighting makes DI inherently more responsive to recent directional moves without the noise penalty of shorter periods.
Five-Phase Lifecycle Classification with Inertia-Gated State Machine
Rather than binary trend/no-trend output, MLD maps momentum onto a lifecycle model with distinct phases and specific mathematical criteria. The state machine prevents flickering while allowing speed-critical states (IGNITION, THRUST) to transition immediately.
These are integrated innovations, not independent indicators on the same pane. Each feeds into the lifecycle engine or provides context for its output.
DISCLAIMER
This indicator performs mathematical calculations on price data (open, high, low, close) only. It does not use order flow data, volume profile, market depth, bid/ask information, institutional positioning data, or any external data source.
Terms like "momentum birth," "reversal atmosphere," "weather," and " lifecycle " are descriptive metaphors for mathematical concepts (derivatives, curvature, efficiency ratios, state classification). They are not claims about market microstructure or participant behavior.
No indicator predicts future price movement. MLD identifies mathematical conditions historically associated with specific momentum behaviors. These conditions may or may not produce expected outcomes in any given instance.
This tool supplements - it does not replace - a complete trading plan including risk management, position sizing, and multiple forms of analysis. Always use proper risk management. Past indicator behavior does not guarantee future results. Indicator
Liquidity Pools + Sweep Signals [Metrify]If breakouts feel like a scam, it’s because they often function like one.
Most charts are taught like they’re a clean story of supply and demand. But real price action is messier: it’s a sequence of tests, traps, and collections. The market doesn’t need to “respect” your line, it needs to find liquidity.
And liquidity usually sits in predictable places: swing highs, swing lows, prior reaction points, the levels everyone can see.
This Liquidity Sweep Canvas is a market-structure overlay that tracks liquidity pools built from swing highs/lows, then monitors how price interacts with those pools over time (touches → sweeps → breaks/expiry). The goal is not to “predict” — it’s to map where liquidity is parked, highlight when it’s raided with rejection, and keep a clean, visual “canvas” of relevant pools near current market.
It builds two sides:
SELL liquidity pools (from pivot highs, shown in red)
BUY liquidity pools (from pivot lows, shown in teal)
Each pool is zoned around the pooled level, merges nearby levels (optional aggressiveness), tracks hits, and can transition through states:
Active (building / being respected)
Swept (liquidity taken + rejection confirmed)
Ended (broken through or expired)
Sweep logic in plain terms
A sweep is detected when price pierces beyond a pool boundary and then closes back through the pool’s midline in the opposite direction (rejection).
Bear sweep (SELL liquidity): price wicks above a SELL pool, then closes back below the pool mid.
Bull sweep (BUY liquidity): price wicks below a BUY pool, then closes back above the pool mid.
Optionally, you can require a second-step confirmation:
Displacement confirm waits for follow-through (within a small window) where price breaks beyond the sweep candle’s reference (with a minimum body size in ATR). This filters some noise, at the cost of being delayed.
🔥 Scoring system (how “quality” is decided)
Sweeps are common. Clean sweeps are not. We uses a weighted scoring model (0–100) so you can filter out weak sweeps and keep the ones that show stronger intent.
A sweep starts when price penetrates beyond the pool boundary (takes liquidity) and reclaims back inside the zone (closes through the pool mid). From there, a score is built from two layers:
✅ Layer 1 —> Sweep candle “core bundle” (base part)
This is computed immediately on the sweep candle (or stored if you require displacement). The base bundle blends:
Penetration: how deep the wick pushed beyond the pool in ATR terms (not “deeper is always better”, it’s shaped to reward a realistic sweet spot).
Reclaim strength: how much of the candle reclaimed back (close relative to the range).
Wick ratio: rejection wick size vs body (controlled by 'Wick Ratio Scale').
Body bias: bullish body for bull sweeps / bearish body for bear sweeps gets rewarded.
EMA context: measures whether the sweep is happening with a favorable distance relative to EMA 200.
Line age/maturity: longer pools can score differently via a length score, then get penalized by a separate age penalty.
🧠 Layer 2 —> Context add-ons
After the base bundle, the final score can include:
MSS context: a simple structural reference (recent swing extreme lookback) to rate whether the sweep is happening with useful positioning.
Effort score: combines range expansion (ATR) with volume vs volume MA to reward sweeps that show actual participation.
Displacement score (optional): if enabled, the sweep is only confirmed after follow-through within a small window.
How to use it
1. Build a two-stage decision: location bias, then trigger selection
Use pools to decide directional bias before you even consider entries. If price is pressing into SELL pools repeatedly and the dashboard shows dense sell-side activity, your bias shifts toward expecting a sell-side raid (sweep up then rejection) rather than a clean breakout. If price is pressing into BUY pools, same logic for downside raid and bounce. Then decide your trigger style manually:
If you trade fast mean reversion, you can use immediate sweeps as the “first alarm” and enter on the reclaim + tight invalidation.
If you trade safer confirmation, require displacement confirm, and only act once price has proven it can leave the pool with force.
Either way, the script helps you separate where it matters (pools) from where it doesn’t (middle of nowhere).
2. Use hit count to judge liquidity density and trap probability
The LP xN hit count is a manual edge if you treat it correctly: more hits generally implies more eyes, more orders, more liquidity, and therefore more potential for a meaningful raid. When you see a pool with high hits near current price, don’t assume it’s “strong support/resistance.” Instead, assume it’s a liquidity magnet.
If price repeatedly taps a high-hit pool without breaking cleanly, it often sets up a sweep (stop run + reverse).
If price breaks and stays outside with follow-through, that’s not a sweep environment, it’s a continuation environment.
So you use hit count to anticipate which levels are likely to be hunted, then use candle behavior + displacement to judge whether the hunt was successful and rejected.
3. Turn sweeps into ‘event markers’ for post-move structure mapping
Instead of treating a sweep as “enter now,” treat it as: a structural event happened here.
After a sweep prints, manually re-map microstructure: identify the last minor swing before the sweep, then track whether price breaks it (MSS/BOS style) and whether the first pullback respects that break.
4. Use the channel read as a regime filter (premium/discount logic)
The nearest pool edges effectively form a liquidity channel. Use it like a regime filter:
Inside SELL zone / premium: prioritize short-side narratives
Inside BUY zone / discount: prioritize long-side narratives
Middle channel: treat as uncertainty, tighten your standards (or step aside).
5. Use scoring as a ‘quality gate’, then you do the narrative check”
If you enable scoring, stop thinking of it as “higher score = higher win.” Think of it as a gate that filters out low-effort pokes. Once a high-score sweep prints, manually audit it.
6. Use it as a ‘sweep journal’ to study your market’s behavior
A very “pro” use is not trading it at all for a week. Turn on historical traces and sweep markers, and just observe: Which sessions produce the cleanest sweeps? Do high-score sweeps outperform low-score? Do confirmed sweeps reduce chop at the cost of late entries? Does your instrument sweep more on highs or lows? The dashboard counts help you quantify frequency. After you collect observations, you tune inputs (Swing Length, Merge Distance, Minimum Score, Volume thresholds) to match the instrument’s microstructure.
This is how you turn a generic sweep concept into a market-specific playbook—and the script becomes your data-driven visual log, not a guessing machine.
⚙️ Tuning tips (fast)
Too many pools / too noisy → increase Swing Length / Merge Distance.
Sweeps trigger too often → enable Activate Scoring and raise Min Score.
Wick quality not valued enough → reduce Wick Ratio Scale.
Effort scoring feels too easy/hard → adjust Min Volume / MA and Volume MA Length.
A higher score is not a guarantee of a better trade, it simply means the sweep event matched more of the model’s criteria (penetration, reclaim, rejection wick, effort, context components, and optional displacement). Markets are adaptive: what high quality looks like changes by instrument, timeframe, and session. Use scoring to reduce noise, then manually validate. Indicator
Regression Slope Oscillator [BigBeluga]🔵 OVERVIEW
The Regression Slope Oscillator is a trend–momentum tool that applies multiple linear regression slope calculations over different lookback ranges, then averages them into a single oscillator line. This design helps traders visualize when price is extending beyond typical regression behavior, as well as when momentum is shifting up or down.
🔵 CONCEPTS
Regression Slope – Measures the steepness and direction of price trends over a selected length.
f_log_regression(src, length) =>
float sumX = 0.0
float sumY = 0.0
float sumXSqr = 0.0
float sumXY = 0.0
for i = 0 to length - 1
val = math.log(src )
per = i + 1.0
sumX += per
sumY += val
sumXSqr += per * per
sumXY += val * per
slope = (length * sumXY - sumX * sumY) / (length * sumXSqr - sumX * sumX)
slope*-1
Multi–Sample Averaging – Instead of relying on one regression slope, the indicator loops through many lengths (from Min Range to Max Range with Step increments) and averages their slopes.
multiSlope(length)=>
// Get regression slope
slope = f_log_regression(close, length)
slopAvg.push(slope)
for i = minRange to maxRange by step
multiSlope(i)
Color Gradient – The oscillator and candles are colored dynamically from oversold (orange) to overbought (aqua), based on slope extremes observed within the user–defined Color Range.
Trend Oscillation – When the oscillator rises, price trend is strengthening; when it falls, momentum weakens.
🔵 FEATURES
Calculates regression slopes across a user–defined range (e.g., 10–100 with steps of 5).
Averages all sampled slopes into a single oscillator line.
Dynamic coloring of oscillator and chart candles based on slope values.
User–controlled Color Range :
High values (e.g., 50–100) → interpret as overbought vs oversold zones.
Low values (e.g., 2–5) → interpret as slope rising vs falling momentum shifts.
Dashboard table (top–right) displaying number of slope samples and current averaged slope value.
Candle coloring mode (optional) – candles take on the oscillator gradient color for at–a–glance reading of trend bias.
Signal Line (SMA) – A moving average of the slope oscillator used to identify momentum reversals.
Bullish Reversal Signal – Triggered when the oscillator crosses above the signal line while below zero, indicating downside momentum exhaustion and potential trend recovery.
Bearish Reversal Signal – Triggered when the oscillator crosses below the signal line while above zero, indicating upside momentum exhaustion and potential trend rollover.
Dual Placement Signals – Reversal signals are plotted both:
On the oscillator pane (for momentum context)
On the price chart (for execution alignment)
Confirmation Logic – Signals are only printed on confirmed bars to reduce repainting and false triggers.
🔵 HOW TO USE
Watch the oscillator cross above/below zero: signals shifts in regression slope direction.
Use the signal line crossovers near zero to identify early trend reversals.
Use high Color Range settings to identify potential overbought/oversold extremes in trend slope.
Use low Color Range settings for a faster, momentum–driven color change that tracks slope rising/falling.
Candle coloring highlights short–term trend pressure in sync with the oscillator.
Combine reversal signals with structure, support/resistance, or volume for higher–probability entries.
🔵 CONCLUSION
The Regression Slope Oscillator transforms raw regression slope data into a smooth, color–coded oscillator. By averaging across multiple regression lengths, it avoids the noise of single–range analysis while still capturing trend extensions and momentum shifts.
With the addition of signal line crossovers and confirmed reversal markers, the indicator now provides both trend context and actionable momentum signals within a single regression-based framework. Indicator
AP Capital – Volatility + High/Low Projection v1.1📌 AP Capital – Volatility + High/Low Projection v1.1
Predictive Daily Volatility • Session Logic • High/Low Projection Indicator
This indicator is designed to help traders visually understand daily volatility conditions, identify session-based turning points, and anticipate potential highs and lows of the day using statistical behavior observed across thousands of bars of intraday data.
It combines intraday session structure, volatility regime classification, and context from the previous day’s expansion to highlight high-probability areas where the market may set its daily high or daily low.
🔍 What This Indicator Does
1. Volatility Regime Detection
Each day is classified into:
🔴 High Volatility (trend continuation & expansion likely)
🟡 Normal Volatility
🔵 Low Volatility (chop, false breaks, mean-reversion common)
The background color automatically adapts so you always know what environment you're trading in.
2. Session-Based High/Low Identification
Different global sessions tend to create different market behaviors:
Asia session frequently sets the LOW of day
New York & Late US sessions frequently set the HIGH of day
This indicator uses those probabilities to highlight potential turning points.
3. Potential High / Low of Day Projections
The script plots:
🟢 Potential LOW of Day
🔴 Potential HIGH of Day
These appear only when:
Price hits the session-statistical turning zone
Volatility conditions match
Yesterday’s expansion or compression context agrees
This keeps signals clean and prevents over-marking.
4. Clean Visuals
Instead of cluttering the chart, highs and lows are marked only when conditions align, making this tool ideal for:
Session scalpers
Day traders
Gold / NAS100 / FX intraday traders
High-probability reversal traders
🧠 How It Works
The engine combines:
Daily range vs 20-day average
Real-time intraday high/low formation
Session-specific probability weighting
Previous day expansion and volatility filters
This results in highly reliable signals for:
Fade trades
Reversal setups
Timing entries more accurately
✔️ Best Uses
Identifying where the day’s range is likely to complete
Avoiding trades during low-volatility compression days
Detecting where the market is likely to turn during major sessions
Using potential HIGH/LOW levels as take-profit zones
Enhancing breakout or reversal strategies
⚠️ Disclaimer
This indicator does not repaint, but it is not a standalone entry tool.
It is designed to provide context, session awareness, and volatility-driven turning points to assist your existing strategy.
Always combine with sound risk management. Indicator
v2.0—Tristan's Multi-Indicator Reversal Strategy🎯 Multi-Indicator Reversal Strategy - Optimized for High Win Rates
A powerful confluence-based strategy that combines RSI, MACD, Williams %R, Bollinger Bands, and Volume analysis to identify high-probability reversal points . Designed to let winners run with no stop loss or take profit - positions close only when opposite signals occur.
Also, the 3 hour timeframe works VERY well—just a lot less trades.
📈 Proven Performance
This strategy has been backtested and optimized on multiple blue-chip stocks with 80-90%+ win rates on 1-hour timeframes from Aug 2025 through Oct 2025:
✅ V (Visa) - Payment processor
✅ MSFT (Microsoft) - Large-cap tech
✅ WMT (Walmart) - Retail leader
✅ IWM (Russell 2000 ETF) - Small-cap index
✅ NOW (ServiceNow) - Enterprise software
✅ WM (Waste Management) - Industrial services
These stocks tend to mean-revert at extremes, making them ideal candidates for this reversal-based approach. I only list these as a way to show you the performance of the script. These values and stock choices may change over time as the market shifts. Keep testing!
🔑 How to Use This Strategy Successfully
Step 1: Apply to Chart
Open your desired stock (V, MSFT, WMT, IWM, NOW, WM recommended)
Set timeframe to 1 Hour
Apply this strategy
Check that the Williams %R is set to -20 and -80, and "Flip All Signals" is OFF (can flip this for some stocks to perform better.)
Step 2: Understand the Signals
🟢 Green Triangle (BUY) Below Candle:
Multiple indicators (RSI, Williams %R, MACD, Bollinger Bands) show oversold conditions
Enter LONG position
Strategy will pyramid up to 10 entries if more buy signals occur
Hold until red triangle appears
🔴 Red Triangle (SELL) Above Candle:
Multiple indicators show overbought conditions
Enter SHORT position (or close existing long)
Strategy will pyramid up to 10 entries if more sell signals occur
Hold until green triangle appears
🟣 Purple Labels (EXIT):
Shows when positions close
Displays count if multiple entries were pyramided (e.g., "Exit Long x5")
Step 3: Let the Strategy Work
Key Success Principles:
✅ Be Patient - Signals don't occur every day, wait for quality setups
✅ Trust the Process - Don't manually close positions, let opposite signals exit
✅ Watch Pyramiding - The strategy can add up to 10 positions in the same direction
✅ No Stop Loss - Positions ride through drawdowns until reversal confirmed
✅ Session Filter - Only trades during NY session (9:30 AM - 4:00 PM ET)
⚙️ Winning Settings (Already Set as Defaults)
INDICATOR SETTINGS:
- RSI Length: 14
- RSI Overbought: 70
- RSI Oversold: 30
- MACD: 12, 26, 9 (standard)
- Williams %R Length: 14
- Williams %R Overbought: -20 ⭐ (check this! And adjust to your liking)
- Williams %R Oversold: -80 ⭐ (check this! And adjust to your liking)
- Bollinger Bands: 20, 2.0
- Volume MA: 20 periods
- Volume Multiplier: 1.5x
SIGNAL REQUIREMENTS:
- Min Indicators Aligned: 2
- Require Divergence: OFF
- Require Volume Spike: OFF
- Require Reversal Candle: OFF
- Flip All Signals: OFF ⭐
RISK MANAGEMENT:
- Use Stop Loss: OFF ⭐⭐⭐
- Use Take Profit: OFF ⭐⭐⭐
- Allow Pyramiding: ON ⭐⭐⭐
- Max Pyramid Entries: 10 ⭐⭐⭐
SESSION FILTER:
- Trade Only NY Session: ON
- NY Session: 9:30 AM - 4:00 PM ET
**⭐ = Critical settings for success**
## 🎓 Strategy Logic Explained
### **How It Works:**
1. **Multi-Indicator Confluence**: Waits for at least 2 out of 4 technical indicators to align before generating signals
2. **Oversold = Buy**: When RSI < 30, Williams %R < -80, price below lower Bollinger Band, and/or MACD turning bullish → BUY signal
3. **Overbought = Sell**: When RSI > 70, Williams %R > -20, price above upper Bollinger Band, and/or MACD turning bearish → SELL signal
4. **Pyramiding Power**: As trend continues and more signals fire in the same direction, adds up to 10 positions to maximize gains
5. **Exit Only on Reversal**: No arbitrary stops or targets - only exits when opposite signal confirms trend change
6. **Session Filter**: Only trades during liquid NY session hours to avoid overnight gaps and low-volume periods
### **Why No Stop Loss Works:**
Traditional reversal strategies fail because they:
- Get stopped out too early during normal volatility
- Miss the actual reversal that happens later
- Cut winners short with tight take profits
This strategy succeeds because it:
- ✅ Rides through temporary noise
- ✅ Captures full reversal moves
- ✅ Uses multiple indicators for confirmation
- ✅ Pyramids into winning positions
- ✅ Only exits when technical picture completely reverses
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## 📊 Understanding the Display
**Live Indicator Counter (Top Corner / end of current candles):**
Bull: 2/4
Bear: 0/4
(STANDARD)
Shows how many indicators currently align bullish/bearish
"STANDARD" = normal reversal mode (buy oversold, sell overbought)
"FLIPPED" = momentum mode if you toggle that setting
Visual Indicators:
🔵 Blue background = NY session active (trading window)
🟡 Yellow candle tint = Volume spike detected
💎 Aqua diamond = Bullish divergence (price vs RSI)
💎 Fuchsia diamond = Bearish divergence
⚡ Advanced Tips
Optimizing for Different Stocks:
If Win Rate is Low (<50%):
Try toggling "Flip All Signals" to ON (switches to momentum mode)
Increase "Min Indicators Aligned" to 3 or 4
Turn ON "Require Divergence"
Test on different timeframe (4-hour or daily)
If Too Few Signals:
Decrease "Min Indicators Aligned" to 2
Turn OFF all requirement filters
Widen Williams %R bands to -15 and -85
If Too Many False Signals:
Increase "Min Indicators Aligned" to 3 or 4
Turn ON "Require Divergence"
Turn ON "Require Volume Spike"
Reduce Max Pyramid Entries to 5
Stock Selection Guidelines:
Best Suited For:
Large-cap stable stocks (V, MSFT, WMT)
ETFs (IWM, SPY, QQQ)
Stocks with clear support/resistance
Mean-reverting instruments
Avoid:
Ultra low-volume penny stocks
Extremely volatile crypto (try traditional settings first)
Stocks in strong one-directional trends lasting months
🔄 The "Flip All Signals" Feature
If backtesting shows poor results on a particular stock, try toggling "Flip All Signals" to ON:
STANDARD Mode (OFF):
Buy when oversold (reversal strategy)
Sell when overbought
May work best for: V, MSFT, WMT, IWM, NOW, WM
FLIPPED Mode (ON):
Buy when overbought (momentum strategy)
Sell when oversold
May work best for: Strong trending stocks, momentum plays, crypto
Test both modes on your stock to see which performs better!
📱 Alert Setup
Create alerts to notify you of signals:
📊 Performance Expectations
With optimized settings on recommended stocks:
Typical results we are looking for:
Win Rate: 70-90%
Average Winner: 3-5%
Average Loser: 1-3%
Signals Per Week: 1-3 on 1-hour timeframe
Hold Time: Several hours to days
Remember: Past performance doesn't guarantee future results. Always use proper risk management. Strategy
Tristan's Multi-Indicator Reversal StrategyMulti-Indicator Reversal Strategy - Buy Low, Sell High
A comprehensive reversal detection system that combines multiple proven technical indicators to identify high-probability entry points for catching reversals at market extremes.
📊 Strategy Overview
This strategy is designed for traders who want to buy at lows and sell at highs by detecting when stocks are overextended and ready to reverse. It works by requiring multiple technical indicators to align before generating a signal, significantly reducing false entries.
Best Used On:
Timeframe: 1-hour charts (also works on 15min, 30min, 4hour)
Session: NY Trading Session (9:30 AM - 4:00 PM ET)
Assets: Stocks, ETFs, Crypto (particularly volatile tech stocks like ZM, TSLA, AAPL)
Trading Style: Swing trading, Intraday reversals
🔧 Technical Components
The strategy combines FIVE powerful technical indicators:
1. RSI (Relative Strength Index)
2. MACD (Moving Average Convergence Divergence)
3. Williams %R
4. Bollinger Bands
5. Volume Analysis
6. Divergence Detection (Optional)
🎨 Visual Signals
Entry Signals:
🟢 Green Triangle (below candle) = BUY LONG signal
🔴 Red Triangle (above candle) = SELL SHORT signal
Exit Signals:
🟣 Purple Label = Position closed (shows "x2", "x3" if multiple entries)
Additional Indicators:
💎 Aqua Diamond = Bullish divergence detected
💎 Fuchsia Diamond = Bearish divergence detected
🔵 Blue Background = NY Session active
🟡 Yellow Bar Tint = Volume spike detected
⚪ Small Circles = Near-signal conditions (2+ indicators aligned)
Live Counter:
Top corner shows: "Bull: X/4" and "Bear: X/4"
Indicates how many indicators currently align
⚙️ How to Use This Strategy
For Beginners (More Signals):
Set "Min Indicators Aligned" to 2
Turn OFF "Require Divergence"
Turn OFF "Require Volume Spike"
Turn OFF "Require Reversal Candle Pattern"
Keep "Allow Multiple Entries" OFF
This gives you more frequent signals to learn from.
For Advanced Traders (High Probability):
Set "Min Indicators Aligned" to 3 or 4
Turn ON "Require Divergence"
Turn ON "Require Volume Spike"
Turn ON "Require Reversal Candle Pattern"
Adjust stop loss to your risk tolerance
This filters for only the highest-quality setups.
Recommended Settings for 1-Hour Charts:
Min Indicators Aligned: 3
Stop Loss: 2.5%
Take Profit: 5.0%
RSI Length: 14
Williams %R Length: 14
Volume Multiplier: 1.5x
Session: NY only (for stocks)
BUY SIGNAL generated when:
2-4 indicators show oversold/bullish conditions:
RSI < 30 and turning up
MACD crossing bullish or histogram positive
Williams %R < -80 and turning up
Price at/below lower Bollinger Band
Optional confirmations (if enabled):
Bullish divergence detected
Volume spike present
Bullish reversal candle pattern
Session filter: Signals only during NY trading hours
SELL SIGNAL Generated When:
2-4 indicators show overbought/bearish conditions:
RSI > 70 and turning down
MACD crossing bearish or histogram negative
Williams %R > -20 and turning down
Price at/above upper Bollinger Band
Optional confirmations (if enabled):
Bearish divergence detected
Volume spike present
Bearish reversal candle pattern
🛡️ Risk Management Features
Automatic Stop Loss: Protects capital (default 2.5%)
Take Profit Target: Locks in gains (default 5.0%)
Pyramiding Control: Toggle to prevent position stacking
Session Filter: Avoids overnight risk and low-liquidity periods
Position Flipping: Automatically reverses when opposite signal appears
💡 Best Practices
✅ DO:
Wait for candle close before entering (built into strategy)
Use on volatile assets with clear trends
Combine with your own analysis and risk management
Backtest on your specific assets and timeframes
Start with paper trading to learn the signals
Adjust indicator requirements based on market conditions
❌ DON'T:
Use on very low timeframes (<5 min) without adjustment
Ignore the session filter on stocks
Use maximum leverage - these are reversal trades
Trade during major news events or earnings
Expect 100% win rate - focus on risk/reward ratio
📊 Performance Notes
This strategy prioritizes quality over quantity. With default settings, you may see:
2-5 signals per week on 1-hour charts
Higher win rate with stricter settings (3-4 indicators aligned)
Best performance during trending markets with clear reversals
Reduced performance in choppy, sideways markets
Tip: Adjust "Min Indicators Aligned" based on market conditions:
Trending markets: Use 3-4 (fewer but stronger signals)
Range-bound markets: Use 2 (more signals, but watch for false breakouts)
Strategy
Contrarian RSIContrarian RSI Indicator
Pairs nicely with Contrarian 100 MA (optional hide/unhide buy/sell signals)
Description
The Contrarian RSI is a momentum-based technical indicator designed to identify potential reversal points in price action by combining a unique RSI calculation with a predictive range model inspired by the "Contrarian 5 Levels" logic. Unlike traditional RSI, which measures price momentum based solely on price changes, this indicator integrates a smoothed, weighted momentum calculation and predictive price ranges to generate contrarian signals. It is particularly suited for traders looking to capture reversals in trending or range-bound markets.
This indicator is versatile and can be used across various timeframes, though it performs best on higher timeframes (e.g., 1H, 4H, or Daily) due to reduced noise and more reliable signals. Lower timeframes may require additional testing and careful parameter tuning to optimize performance.
How It Works
The Contrarian RSI combines two primary components:
Predictive Ranges (5 Levels Logic): This calculates a smoothed price average that adapts to market volatility using an ATR-based mechanism. It helps identify significant price levels that act as potential support or resistance zones.
Contrarian RSI Calculation: A modified RSI calculation that uses weighted momentum from the predictive ranges to measure buying and selling pressure. The result is smoothed and paired with a user-defined moving average to generate clear signals.
The indicator generates buy (long) and sell (exit) signals based on crossovers and crossunders of user-defined overbought and oversold levels, making it ideal for contrarian trading strategies.
Calculation Overview
Predictive Ranges (5 Levels Logic):
Uses a custom function (pred_ranges) to calculate a dynamic price average (avg) based on the ATR (Average True Range) multiplied by a user-defined factor (mult).
The average adjusts only when the price moves beyond the ATR threshold, ensuring responsiveness to significant price changes while filtering out noise.
This calculation is performed on a user-specified timeframe (tf5Levels) for multi-timeframe analysis.
Contrarian RSI:
Compares consecutive predictive range values to calculate gains (g) and losses (l) over a user-defined period (crsiLength).
Applies a Gaussian weighting function (weight = math.exp(-math.pow(i / crsiLength, 2))) to prioritize recent price movements.
Computes a "wave ratio" (net_momentum / total_energy) to normalize momentum, which is then scaled to a 0–100 range (qrsi = 50 + 50 * wave_ratio).
Smooths the result with a 2-period EMA (qrsi_smoothed) for stability.
Moving Average:
Applies a user-selected moving average (SMA, EMA, WMA, SMMA, or VWMA) with a customizable length (maLength) to the smoothed RSI (qrsi_smoothed) to generate the final indicator value (qrsi_ma).
Signal Generation:
Long Entry: Triggered when qrsi_ma crosses above the oversold level (oversoldLevel, default: 1).
Long Exit: Triggered when qrsi_ma crosses below the overbought level (overboughtLevel, default: 99).
Entry and Exit Rules
Long Entry: Enter a long position when the Contrarian RSI (qrsi_ma) crosses above the oversold level (default: 1). This suggests the asset is potentially oversold and due for a reversal.
Long Exit: Exit the long position when the Contrarian RSI (qrsi_ma) crosses below the overbought level (default: 99), indicating a potential overbought condition and a reversal to the downside.
Customization: Adjust overboughtLevel and oversoldLevel to fine-tune sensitivity. Lower timeframes may benefit from tighter levels (e.g., 20 for oversold, 80 for overbought), while higher timeframes can use extreme levels (e.g., 1 and 99) for stronger reversals.
Timeframe Considerations
Higher Timeframes (Recommended): The indicator is optimized for higher timeframes (e.g., 1H, 4H, Daily) due to its reliance on predictive ranges and smoothed momentum, which perform best with less market noise. These timeframes typically yield more reliable reversal signals.
Lower Timeframes: The indicator can be used on lower timeframes (e.g., 5M, 15M), but signals may be noisier and require additional confirmation (e.g., from price action or other indicators). Extensive backtesting and parameter optimization (e.g., adjusting crsiLength, maLength, or mult) are recommended for lower timeframes.
Inputs
Contrarian RSI Length (crsiLength): Length for RSI momentum calculation (default: 5).
RSI MA Length (maLength): Length of the moving average applied to the RSI (default: 1, effectively no MA).
MA Type (maType): Choose from SMA, EMA, WMA, SMMA, or VWMA (default: SMA).
Overbought Level (overboughtLevel): Upper threshold for exit signals (default: 99).
Oversold Level (oversoldLevel): Lower threshold for entry signals (default: 1).
Plot Signals on Main Chart (plotOnChart): Toggle to display signals on the price chart or the indicator panel (default: false).
Plotted on Lower:
Plotted on Chart:
5 Levels Length (length5Levels): Length for predictive range calculation (default: 200).
Factor (mult): ATR multiplier for predictive ranges (default: 6.0).
5 Levels Timeframe (tf5Levels): Timeframe for predictive range calculation (default: chart timeframe).
Visuals
Contrarian RSI MA: Plotted as a yellow line, representing the smoothed Contrarian RSI with the applied moving average.
Overbought/Oversold Lines: Red line for overbought (default: 99) and green line for oversold (default: 1).
Signals: Blue circles for long entries, white circles for long exits. Signals can be plotted on the main chart (plotOnChart = true) or the indicator panel (plotOnChart = false).
Usage Notes
Use the indicator in conjunction with other tools (e.g., support/resistance, trendlines, or volume) to confirm signals.
Test extensively on your chosen timeframe and asset to optimize parameters like crsiLength, maLength, and mult.
Be cautious with lower timeframes, as false signals may occur due to market noise.
The indicator is designed for contrarian strategies, so it works best in markets with clear reversal patterns.
Disclaimer
This indicator is provided for educational and informational purposes only. Always conduct thorough backtesting and risk management before using any indicator in live trading. The author is not responsible for any financial losses incurred.
Indicator
3 Bar Reversal3 Bar Reversal
This pattern is described in John Carter's "Mastering the Trade"
The 3 Bar Reversal indicator is a simple but effective price action tool designed to highlight potential short-term reversals in market direction. It monitors consecutive bar behavior and identifies turning points based on a three-bar pattern. This tool can assist traders in spotting trend exhaustion or early signs of a reversal, particularly in scalping or short-term trading strategies.
How It Works
This indicator analyzes the relationship between consecutive bar closes:
It counts how many bars have passed since the price closed higher than the previous close (barssince(close >= close )) — referred to as an "up streak".
It also counts how many bars have passed since the price closed lower than the previous close (barssince(close <= close )) — known as a "down streak".
A reversal condition is met when:
There have been exactly 3 bars in a row moving in one direction (up or down), and
The 4th bar closes in the opposite direction.
When this condition is detected, the script performs two actions:
Plots a triangle on the chart to signal the potential reversal:
A green triangle below the bar for a possible long (buy) opportunity.
A red triangle above the bar for a possible short (sell) opportunity.
Triggers an alert condition so users can set notifications for when a reversal is detected.
Interpretation
Long Signal: The market has printed 3 consecutive lower closes, followed by a higher close — suggesting bullish momentum may be emerging.
Short Signal: The market has printed 3 consecutive higher closes, followed by a lower close — indicating possible bearish momentum.
These patterns are common in market retracements and can act as confirmation signals when used with other indicators such as RSI, MACD, support/resistance, or volume analysis.
Usage Examples
Scalping: Use the reversal signal to quickly enter short-term trades after a short-term exhaustion move.
Swing Trading: Combine this with trend indicators (e.g., moving averages) to time pullbacks within larger trends.
Confirmation Tool: Use this indicator alongside candlestick patterns or support/resistance zones to validate entry or exit points.
Alert Setup: Enable alerts based on the built-in alertcondition to receive instant notifications for potential trade setups.
Limitations
The 3-bar reversal logic does not guarantee a trend change; it signals potential reversals, which may need confirmation.
Best used in conjunction with broader context such as trend direction, market structure, or other technical indicators.
Indicator
Dragon Harmonic Pattern [TradingFinder] Dragon Detector🔵 Introduction
The Dragon Harmonic Pattern is one of the technical analysis tools that assists traders in identifying Potential Reversal Zones (PRZ). Resembling an "M" or "W" shape, this pattern is recognized in financial markets as a method for predicting bullish and bearish trends. By leveraging precise Fibonacci ratios and measuring price movements, traders can use this pattern to forecast market trends with high accuracy.
The Dragon Harmonic Pattern is built on the XABCD structure, where each point plays a significant role in shaping and forecasting price movements. Point X marks the beginning of the trend, representing the initial price movement. Point A indicates the first retracement, usually falling within the 0.380 to 0.620 range of the XA wave.
Next, point B signals the second retracement, which lies within 0.200 to 0.400 of the AB wave. Point C, acting as the hump of the pattern, is generally located within 0.800 to 1.100 of the XA wave. Finally, point D represents the endpoint of the pattern and the Potential Reversal Zone (PRZ), where the primary price reversal occurs.
In bullish scenarios, the Dragon Pattern indicates a reversal from a downtrend to an uptrend, where prices move upward from point D. Conversely, in bearish scenarios, prices decline after reaching point D. Accurate identification of this pattern through Fibonacci ratio analysis and PRZ examination can significantly increase the success rate of trades, enabling traders to adjust their strategies based on key market levels such as 0.618 or 1.100.
Due to its high accuracy in identifying Potential Reversal Zones (PRZ) and its alignment with Fibonacci ratios, the Dragon Harmonic Pattern is considered one of the most popular tools in technical analysis. Traders can use this pattern to pinpoint entry and exit points with greater confidence while minimizing trading risks.
Bullish :
Bearish :
🔵 How to Use
The Dragon Harmonic Pattern indicator helps traders identify bullish and bearish patterns in the market, allowing them to capitalize on available trading opportunities. By analyzing Fibonacci ratios and the XABCD structure, the indicator highlights Potential Reversal Zones (PRZ).
🟣 Bullish Dragon Pattern
In the Bullish Dragon Pattern, the price transitions from a downtrend to an uptrend after reaching point D. At this stage, points X, A, B, C, and D must be carefully identified.
Fibonacci ratios for these points are as follows: Point A should fall within 0.380 to 0.620 of the XA wave, point B within 0.200 to 0.400 of the AB wave, and point C within 0.800 to 1.100 of the XA wave.
When the price reaches point D, traders should look for bullish signals such as reversal candlesticks or increased trading volume to enter a buy position. The take-profit level can be set near the previous price high or based on the 1.272 Fibonacci ratio of the XA wave, while the stop-loss should be placed slightly below point D.
🟣 Bearish Dragon Pattern
In the Bearish Dragon Pattern, the price shifts from an uptrend to a downtrend after reaching point D. In this pattern, points X, A, B, C, and D must also be identified. Fibonacci ratios for these points are as follows: Point A should fall within 0.380 to 0.620 of the XA wave, point B within 0.200 to 0.400 of the AB wave, and point C within 0.800 to 1.100 of the XA wave.
Upon reaching point D, bearish signals such as reversal candlesticks or decreasing trading volume indicate the opportunity to enter a sell position. The take-profit level can be set near the previous price low or based on the 1.272 Fibonacci ratio of the XA wave, while the stop-loss should be placed slightly above point D.
By combining the Dragon Harmonic Pattern indicator with precise Fibonacci ratio analysis, traders can identify key opportunities while minimizing risks and improving their decision-making in both bullish and bearish market conditions.
🔵 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 Dragon Harmonic Pattern is an advanced and practical technical analysis tool that aids traders in accurately predicting bullish and bearish trends by identifying Potential Reversal Zones (PRZ) and utilizing Fibonacci ratios. Built on the XABCD structure, this pattern stands out for its flexibility and precision in identifying price movements, making it a valuable resource among technical analysts. One of its key advantages is its compatibility with other technical tools such as trendlines, support and resistance levels, and Fibonacci retracements.
By using the Dragon Harmonic Pattern indicator, traders can accurately determine entry and exit points for their trades. The indicator analyzes key Fibonacci ratios—0.380 to 0.620, 0.200 to 0.400, and 0.800 to 1.100—to identify critical levels such as price highs and lows, offering precise trading strategies. In bullish scenarios, traders can profit from rising prices, while in bearish scenarios, they can capitalize on price declines.
In conclusion, the Dragon Harmonic Pattern is a highly reliable tool for identifying trading opportunities with exceptional accuracy. However, for optimal results, it is recommended to combine this pattern with other analytical tools and thoroughly assess market conditions. By utilizing this indicator, traders can reduce their trading risks while achieving higher profitability and confidence in their trading strategies. Indicator
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Baha'i Reversal Points [CC]The Baha'i Reversal Points is a custom creation that combines some of my favorite passions, creating stock indicator scripts and my faith. The Baha'i Faith believes in the oneness of God and all religions, and sees the number 9 as significant because that is the number of major world religions as well as the Baha'i symbol is a nine-pointed star. The number 19 is also seen as significant because in the Baha'i calendar, there are 19 months, and each month is made up of 19 days. Anyway, with all that being explained, I created these reversal points to find the points where the last 19 highs or lows are higher or lower, respectively than the previous high or low nine days ago. As with many indicators, this does have some hits and misses but does a pretty good job of finding reversal points based on these criteria.
There are a few different ways to analyze this data to determine when to buy or sell. I have set the default behavior for when we encounter the first time that the amount of highs or lows is greater than or equal to the length amount using a crossover or crossunder alert. You could also ignore the crossover or crossunder alerts and buy when the count is greater than or equal to the length, which can happen for extended periods depending on the underlying trend. Overall, buy when the buy label appears and sell when the sell label appears.
Let me know if there are any other custom indicators or scripts you would like to see me publish! Indicator
Bollinger Band Percentile SuiteThe Bollinger Band Percentile Suite (𝐵𝐵𝒫𝒸𝓉 𝒮𝓊𝒾𝓉𝑒) is a comprehensive and customizable toolkit built upon the foundation of the %B indicator. The methodology behind this toolkit remains consistent with the original %B indicator, while introducing a host of powerful features to enhance its functionality and adaptability.
Key Features and Customization:
The 𝐵𝐵𝒫𝒸𝓉 offers a wide array of customizable options to suit your trading preferences and strategies. It includes a variety of 14 moving average types that can be chosen as the basis for the Bollinger Band calculation. Additionally, traders have the flexibility to set their upper and lower boundaries for mean reversion detection, allowing for analysis tailored to the user's preference.
Deviation Calculation:
The toolkit provides an option to choose between standard and weighted deviation calculation methods. This added customization ensures that the indicator's behavior aligns with your unique trading style and preferences.
Signals and Reversals:
The 𝐵𝐵𝒫𝒸𝓉 excels in identifying potential overbought and oversold market conditions. It highlights these levels on the chart and marks potential reversal signals with small circles positioned either at the top or bottom of the indicator pane, providing traders with actionable insights.
Trend and Color Coding:
Incorporating a color-coded approach, the BBpct Suite enhances your understanding of market dynamics. It offers bar coloring options based on trend, allowing traders to identify bullish or bearish market conditions as the percentile goes above or below the midline.
Extremities and Reversions:
Recognizing extreme market conditions is crucial for traders. The 𝐵𝐵𝒫𝒸𝓉 includes color-coded indicators for extremities, indicating when the percentile ventures above or below the predefined thresholds. Moreover, it promptly identifies reversions by marking the moment the percentile crosses under the upper threshold (overbought) or over the lower threshold (oversold).
The Bollinger Band Percentile Suite equips traders with a versatile toolkit to gain valuable insights into market overbought and oversold conditions, and potential reversal signals. Its extensive customization options and array of features empower traders to make well-informed decisions based on their unique trading strategies and risk tolerance.
Please note that while the BBpct Suite provides robust analysis, it is advisable to combine its insights with other technical indicators and tools for a comprehensive trading approach.
Example Chart:
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Moving Average Reversals [QuantVue]Moving Average Reversals
Description:
The Moving Average Reversals indicator gives a quick visual representation of when a stock gets extended up or down from a user selected moving average.
The color of the histogram dynamically changes as price becomes extended or within it’s normal trading range.
The indicator also highlights the largest extensions over the past year or 252 bars if using intraday.
Lastly a simple moving average of the extensions is calculated and used to confirm a change of character.
Settings:
🔹Use different MA types - EMA, SMA, HMA, WMA, VWMA
🔹Adjustable MA length
🔹Change distance measurement source - open, close, high, low, hl2, hlc3, ohlc4, hlcc4
🔹Extension highlighting
🔹Toggle MA extensions
Don't hesitate to reach out with any questions or concerns. We hope you enjoy!
Cheers. Indicator
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