Adaptive Momentum Scalper (AMS) - Prop Firm Safe**This has only been used in TV strategy testing and has not been used by me on a live account yet.**
This is a strategy is a quick momentum trading with a close stop loss. This scalping strategy looks for big candles and momentum and enters a quick trade. SL and TP are ATR based and the duration of open time is limited to the number of candles entered in the settings.
Please take a look and let me know your thoughts. If anyone can collect some solid data on forward testing please let me know.
Indicadores y estrategias
Directional Movement IndexDirectional Movement Index with an adjustable bar
It is simply a DMI indicator with an adjustable bar to be able to mark a single personalized one to see if the volatility goes above a defined point to be able to start having an interest in a trade
Previous H/L Levels + SessionsThis indicator plots the previous day, week, month, and Monday’s high and low levels, as well as the previous session highs and lows for Asia, London, and New York.
It automatically hides each level once it is touched by price, helping to declutter your chart.
The indicator also allows full customization for line color, style, and label size for each level.
Session times are fully adjustable, and each session’s high/low lines can be shown or hidden individually.
Typical use cases:
Visualize key support and resistance from previous sessions and periods
Anticipate liquidity zones and potential reversal areas based on institutional trading logic
Streamline execution for scalpers and day traders who rely on session levels
Features:
Previous daily, weekly, monthly, and Monday high/low levels (auto-hide on touch)
Previous Asia, London, and NY session highs/lows (auto-hide on touch)
Full visual customization (color, style, size, label offset)
Configurable session times
Lightweight and efficient for real-time trading
Global Liquidity Indicator in USDglobal liquidity2
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Versions of the Lorem ipsum text have been used in typesetting since the 1960s, when advertisements for Letraset transfer sheets popularized it. Lorem ipsum was introduced to the digital world in the mid-1980s, when Aldus employed it in graphic and word-processing templates for its desktop publishing program PageMaker. Other popular word processors, including Pages and Microsoft Word, have since adopted Lorem ipsum, as have many LaTeX packages, web content managers such as Joomla! and WordPress, and CSS libraries such as Semantic UI.
BB Oscillator - Price Relative to Bollinger BandsThis Bollinger Band Oscillator visualizes where the current price sits relative to its Bollinger Bands, scaled between 0 and 100. It helps identify overbought and oversold conditions based on the price’s position within the bands and provides dynamic signals when momentum shifts occur.
Features
Price Relative to Bollinger Bands
The main oscillator plots the price’s relative position within the Bollinger Bands on a scale from 0 (lower band) to 100 (upper band), giving an intuitive view of where price stands.
Customizable Moving Average Overlay
An optional moving average (SMA or EMA) smooths the oscillator for trend analysis, with adjustable length and color options.
Crossover & Crossunder Signals
Alerts and background highlights trigger when the oscillator crosses over or under its moving average, signaling potential momentum shifts or trend changes.
Fully Customizable Colors
Choose your preferred colors for the oscillator line, moving average and crossover signals to match your charting style.
This tool offers a unique oscillator view of Bollinger Bands, combining volatility context with momentum signals for clearer decision-making.
Toolbar-FrenToolbar-Fren is a comprehensive, data-rich toolbar designed to present a wide array of key metrics in a compact and intuitive format. The core philosophy of this indicator is to maximize the amount of relevant, actionable data available to the trader while occupying minimal chart space. It leverages a dynamic color-coded system to provide at-a-glance insights into market conditions, instantly highlighting positive/negative values, trend strength, and proximity to important technical levels.
Features and Data Displayed
The toolbar displays a vertical column of critical data points, primarily calculated on the Daily timeframe to give a broader market context. Each cell is color-coded for quick interpretation.
DAY:
The percentage change of the current price compared to the previous day's close. The cell is colored green for a positive change and red for a negative one.
LOD:
The current price's percentage distance from the Low of the Day.
HOD
The current price's percentage distance from the High of the Day.
MA Distances (9/21 or 10/20, 50, 200)
These cells show how far the current price is from key Daily moving averages (MAs).
The values are displayed either as a percentage distance or as a multiple of the Average Daily Range (ADR), which can be toggled in the settings.
The cells are colored green if the price is above the corresponding MA (bullish) and red if it is below (bearish).
ADR
Shows the 14-period Average Daily Range as a percentage of the current price. The cell background uses a smooth gradient from green (low volatility) to red (high volatility) to visualize the current daily range expansion.
ADR%/50: A unique metric showing the distance from the Daily 50 SMA, measured in multiples of the 14-period Average True Range (ATR). This helps quantify how extended the price is from its mean. The cell is color-coded from green (close to the mean) to red (highly extended).
RSI
The standard 14-period Relative Strength Index calculated on the Daily timeframe. The background color changes to indicate potentially overbought (orange/red) or oversold (green) conditions.
ADX
The 14-period Average Directional Index (ADX) from the Daily timeframe, which measures trend strength. The cell is colored to reflect the strength of the trend (e.g., green for a strong trend, red for a weak/non-trending market). An arrow (▲/▼) is also displayed to indicate if the ADX value is sloping up or down.
User Customization
The indicator offers several options for personalization to fit your trading style and visual preferences:
MA Type
Choose between using Exponential Moving Averages (EMA 9/21) or Simple Moving Averages (SMA 10/20) for the primary MA calculations.
MA Distance Display
Toggle the display of moving average distances between standard percentage values and multiples of the Average Daily Range (ADR).
Display Settings
Fully customize the on-chart appearance by selecting the table's position (e.g., Top Right, Bottom Left) and the text size. An option for a larger top margin is also available.
Colors
Personalize the core Green, Yellow, Orange, and Red colors used throughout the indicator to match your chart's theme.
Technical Parameters
Fine-tune the length settings for the ADX and DI calculations.
Vertical Lines at Specific Times (UTC)AMDX cycle for both London and NY session.
Blue lines indicate London AMDX Cycle.
Green Line is the crossover from London to New York
Red lines indicate New York AMDX Cycle
Each quarter is to showcase the Accumulation, Manipulation, Distribution and Execute/Exit cycles throughout each session. These are 90 minute sections.
EMA 50/200 Pullback + RSI/SMA RSI
Strategy Description: EMA 50/200 Pullback + RSI/SMA RSI
1. Trend Identification with EMA:
Uses two Exponential Moving Averages (EMA): a fast EMA (default 50) and a slow EMA (default 200).
When the fast EMA crosses above the slow EMA (bullish crossover), an uptrend is identified.
When the fast EMA crosses below the slow EMA (bearish crossover), a downtrend is identified.
The lengths of both EMAs are fully customizable.
2. EMA Distance Condition:
Signals are only valid when the absolute percentage distance between the two EMAs is within a user-defined range (default: 0.4% to 1%).
This helps filter out weak signals when the EMAs are too close or too far apart.
3. Pullback Condition:
After a new trend is detected (EMA crossover), the strategy waits for the price to pull back to touch or cross the fast EMA (EMA 50).
This ensures entries are not taken immediately at the crossover, but after a retracement to a dynamic support/resistance area.
4. RSI Confirmation:
Uses the RSI indicator (default 14) and its Simple Moving Average (SMA RSI, default 14).
Buy signal: RSI crosses above its SMA.
Sell signal: RSI crosses below its SMA.
Both RSI and SMA RSI lengths are fully customizable.
5. Entry Rules:
The indicator only gives the first buy/sell signal after each EMA crossover (start of a new trend), and will not repeat signals until the next EMA crossover.
Buy signal:
Fast EMA crosses above slow EMA
EMA distance is within the valid range
Price pulls back to the fast EMA
RSI crosses above its SMA
Sell signal:
Fast EMA crosses below slow EMA
EMA distance is within the valid range
Price pulls back to the fast EMA
RSI crosses below its SMA
6. Customization:
All parameters (EMA lengths, RSI length, SMA RSI length, EMA distance range) can be adjusted in the indicator’s settings.
Note:
This is a signal indicator, not a complete trading strategy. For real trading, always combine with risk management and additional confirmations.
Daily Vertical Lines (NY Time)vertical lines for chart 5 lines which are useful for timming and differentiation
ADR by Saurabh MaggoADR levels for intraday
This Pine Script v5 indicator plots Average Daily Range (ADR) levels on a 5-minute NSE chart, ideal for intraday traders. It marks key price levels (L3+, L3-, L2+, L2-, L1+, L1-) at 9:15 AM IST each day, based on the daily open and a customizable ATR period.
Features:
Configurable Levels: Adjust ATR period (default 5) and multipliers (L3=0.5, L2=0.25, L1=0.125) to set price targets.
Today Only Option: Toggle Show Recent to display only the current day’s levels or all historical levels.
Visual Customization: Choose vibrant colors for each level via settings, with a glow effect
(toggleable, transparency=20) and adjustable circle size (default 2, range 1–5) for enhanced visibility, optimized for dark chart backgrounds.
Clean Design: Single-point plotting at 9:15 AM IST ensures a clutter-free chart, with dynamic points that move with the chart.
Usage: Perfect for NSE intraday trading, this indicator helps identify high-probability price targets. Customize levels, colors, and visuals to suit your strategy.
Third Candle MarkerTitel: Third Candle Marker – Highlights Trend Continuation
Beschreibung:
This script highlights potential trend continuation setups by marking the third candle after two consecutive candles of the same direction.
If the previous two candles were bullish (green), the third candle is colored green.
If the previous two candles were bearish (red), the third candle is colored red.
A white color indicates that no clear trend was detected in the previous two candles.
Additionally, the script plots small triangle markers:
Green upward triangle below the bar if the last two candles were bullish.
Red downward triangle above the bar if the last two candles were bearish.
Use this tool to visually identify potential continuation signals in trending markets. Suitable for all timeframes.
Note: This script does not generate buy/sell signals; it is meant to assist in visual trend recognition.
Inside Bar Advancedthis script is advanced inside bar it just does not check previous candle it check more than one candle , that's why i wrote advanced Inside bar
Golden Crossover Momentum Check📊 Golden Cross Momentum Screener — Summary
🔍 What It Does
This indicator identifies Golden Cross events — where the 50 EMA crosses above the 200 EMA, signaling a potential long-term trend reversal — and evaluates the momentum strength to help determine whether price is likely to:
Surge immediately (Group B), or
Retrace first (Group A)
It uses 5 momentum-confirming conditions to score the quality of the breakout and display a single label on the chart with a classification.
✅ Momentum Conditions Validated
RSI > 60 and rising – Indicates bullish buying pressure
MACD Histogram > 0 and rising – Confirms increasing momentum
Volume > 2× 20-day average – Validates participation on the breakout
ADX > 25 – Measures trend strength
Price is >5% above 200 EMA – Confirms price extension above long-term trend
Each passing condition adds 1 point to the momentum score (0–5).
📈 How to Use
Watch for a Golden Cross signal (triangle appears below candle)
If momentum score ≥ 4, the script labels the setup as:
"🚀 Surge Likely (Group B)" — consider immediate breakout entries
If score is 2–3, labeled:
"🔄 Pullback Likely (Group A)" — expect retest/consolidation before continuation
If score < 2, labeled:
"❌ No Momentum Confirmed" — avoid or wait for confirmation
Market Strength Buy Sell Indicator [TradeDots]A specialized tool designed to assist traders in evaluating market conditions through a multifaceted analysis of relative performance, beta-adjusted returns, momentum, and volume—allowing you to identify optimal points for long or short trades. By integrating multiple benchmarks (default S&P 500) and percentile-based thresholds, the script provides clear, actionable insights suitable for both day trading and higher-level timeframe assessments.
📝 HOW IT WORKS
1. Multi-Factor Composite Score
Relative Performance (RS Ratio): Compares your asset’s performance to a chosen benchmark (default: SPY). Values above 1.0 indicate outperformance, while below 1.0 suggest underperformance.
Beta-Adjusted Returns: Checks the ticker’s excess movement relative to expected market-related moves. This helps distinguish pure “alpha” from broad market effects.
Volume & Correlation: Volume spikes often confirm the momentum behind a move, while correlation measures how closely the asset tracks or diverges from its benchmark.
These components merge into a 0–100 composite score. Scores above 50 frequently imply bullish strength; drops below 50 often point to underperformance—potentially flagging short opportunities.
2. Intraday & Day Trading Focus
Monitoring Below 50: During the trading day, the script calculates live data against the benchmark, offering an intraday-sensitive composite score. A dip under 50 may indicate a short bias for that session, especially when accompanied by high volume or momentum shifts.
3. Higher Timeframe Monitoring
Daily Strategies: On daily or weekly charts, the script reveals overall relative strength or weakness compared to the S&P 500. This higher-level perspective helps form broader trading biases—crucial for swing or position trades spanning multiple days.
Long/Short Thresholds: Persistent readings above 50 on a daily chart typically reinforce a long bias, while consistent dips below 50 can sustain a short or cautious outlook.
4. Pair Trading Applications
Custom Benchmark Selection: By setting a specific ticker pair as your benchmark instead of the default S&P 500, you can identify spread trading opportunities between two correlated assets. This allows you to go long the outperforming asset while shorting the underperforming one when the spread reaches extreme levels.
4. Color-Coded Signals & Alerts
Visual Zones (25–75): Color-coded bands highlight strong outperformance (above 75) or pronounced underperformance (below 25).
Alerts on Strong Shifts: Automatic alerts can notify you of sudden entries or exits from bullish or bearish zones, so you can potentially act on new market information without delay.
⚙️ HOW TO USE
1. Select Your Timeframe: For scalping or day trading, lower intervals (e.g., 5-minute) offer immediate data resets at the session’s start. For multi-day insight, daily or weekly charts reveal broader performance trends.
2. Watch Key Levels Around 50: Intraday dips under 50 may be a cue to consider short trades, while bounces above 50 can confirm renewed strength.
3. Assess Benchmark Relationships: Compare your asset’s score and signals to the broader market. A stock falling below its pair’s relative strength line might lag overall market momentum.
4. Combine Tools & Validate: This script excels when integrated with other technical analysis methods (e.g., support/resistance, chart patterns) and fundamental factors for a holistic market view.
❗ LIMITATIONS
No Direction Guarantee: The indicator identifies relative strength but does not guarantee directional price moves.
Delayed Updates: Since calculations update after each bar close, sudden intrabar changes may not immediately reflect.
Market-Specific Behaviors: Some assets or unusual market conditions may deviate from typical benchmarks, weakening signal reliability.
Past ≠ Future: High or low relative strength in the past may not predict continued performance.
RISK DISCLAIMER
All forms of trading and investing involve risk, including the possible loss of principal. This indicator analyzes relative performance but cannot assure profits or eliminate losses. Past performance of any strategy does not guarantee future results. Always combine analysis with proper risk management and your broader trading plan. Consult a licensed financial advisor if you are unsure of your individual risk tolerance or investment objectives.
Real-Time Spring DetectorThis is a Pine Script for Trading View that creates a "Real-Time Spring Detector" indicator. This Pine Script is essentially a sophisticated pattern recognition tool that helps identify "spring" setups - a popular trading pattern where price briefly breaks below support but then bounces back strongly, often indicating that sellers are exhausted and buyers are ready to step in.What is a "Spring" in Trading?
A spring is a technical analysis pattern that occurs when:
Price breaks below a support level (like breaking below a floor)
But then quickly bounces back up (like a spring rebounds)
This often signals that sellers are weak and buyers are stepping in
Think of it like testing the strength of a trampoline - you push down, but it springs back up stronger.
What This Script Does
This Pine Script automatically detects spring patterns on your chart and alerts you when they happen. Here's how it works:
Main Components
1. Input Parameters (Settings You Can Adjust)
Lookback Period (10): How many bars back to look for patterns
Min Support Touches (2): How many times price must touch the support level
Min Penetration % (0.1%): How far below support price must break
Min Rejection % (30%): How much price must bounce back up
Alert Settings: Choose when to get notifications
2. Support Level Detection
The script finds "support levels" - price levels where buyers have stepped in before:
It looks at recent low points
Identifies areas where price has bounced multiple times
Uses a small tolerance (0.5%) to account for minor price differences
3. Spring Detection Logic
The script identifies three types of springs:
Real-Time Spring (happening right now):
Price breaks below support by the minimum amount
Price bounces back strongly (rejection %)
Current candle closes higher than it opened (bullish)
Volume is reasonable
Confirmed Spring (already completed):
Same as real-time, but the candle has finished forming
Potential Spring (early warning):
Price is near support but hasn't fully formed the pattern yet
4. Visual Elements
Markers on Chart:
🟢 Green Triangle: Confirmed spring (reliable signal)
🟡 Yellow Triangle: Spring forming right now (live signal)
🟠 Orange Circle: Potential spring (early warning)
Labels:
Show "SPRING" with the rejection percentage
"FORMING" for developing patterns
"?" for potential springs
Support Line:
Red dotted line showing the support level
Background Colors:
Light red when price penetrates support
Light yellow for potential springs
5. Information Box
A table in the top-left corner shows:
Current support level price
Whether penetration is happening
Rejection percentage
Current pattern status
Live price
6. Alert System
Two types of alerts:
Real-time alerts: Notify when spring is forming (current bar)
Confirmed alerts: Notify when spring is complete (bar closed)
Alert cooldown: Prevents spam by waiting 5 bars between alerts
How to Use This Script
1. Installation
Copy the script code
Open TradingView
Go to Pine Editor
Paste the code
Click "Add to Chart"
2. Settings
Adjust the input parameters based on your trading style:
Lower lookback = more sensitive, faster signals
Higher support touches = more reliable but fewer signals
Lower penetration % = catches smaller springs
Higher rejection % = only strong bounces
3. Interpretation
Green triangles: High-confidence buy signals
Yellow triangles: Watch closely, pattern developing
Orange circles: Early warning, not tradeable yet
4. Best Practices
Use on higher timeframes (15min+) for more reliable signals
Combine with other indicators for confirmation
Pay attention to volume - higher volume springs are more reliable
Wait for confirmed signals if you're a conservative trader
Key Features for Small Timeframes
The script includes special detection for shorter timeframes:
Quick bounce detection: Identifies rapid reversals
Hammer pattern recognition: Spots candlestick patterns
Relaxed volume requirements: Works when volume data is limited
Advanced Features
Volume Analysis
Compares current volume to 10-bar average
Requires at least 80% of average volume (flexible for small timeframes)
Pattern Enhancement
Looks for hammer-like candles (long lower wick, small upper wick)
Identifies quick bounces where the upper wick is small
Multiple Confirmation
Combines multiple criteria to reduce false signals
Stronger springs get priority for alerts
Common Use Cases
Entry Signals: Buy when confirmed springs appear
Support Level Identification: Visual support lines help identify key levels
Risk Management: Failed springs (continued breakdown) can be stop-loss triggers
Market Structure: Understanding where buyers are defending price levels
Limitations
Works best in trending or ranging markets May produce false signals in very choppy conditions
small timeframe signals can be noisy should be combined with other analysis methods.The key advantage is that it can catch these patterns as they happen, rather than you having to constantly watch charts. This is especially valuable for active traders who want to capitalize on quick reversals at support levels.
VWAP + RSI + ADX Buy SignalThis is combination of RSI VWAP and ADX for generating buy signals.All are required to backtest it and post the result thereof in comments section.
RJ Trend TradeRJ Trend Trade
Summary
The RJ Trend Trade indicator is a comprehensive trading tool designed to identify trend-based opportunities using a combination of a lagging Parabolic SAR and Bill Williams Fractals. It provides clear visual signals for entries, take-profits, re-entries, and exits directly on your chart. With a built-in ATR-based stop loss and a fully configurable alert system, this indicator is built to be a complete framework for discretionary or systematic traders.
Core Strategy
The indicator's logic is built upon two robust technical concepts:
Lagging Parabolic SAR (PSAR) for Trend Direction and Entries/Exits: The core trend direction and primary entry/exit signals are determined by a crossover between the price and a lagging PSAR. A cross of the lagging PSAR above the high signals a potential buy entry, while a cross below the low signals a potential sell entry. The reverse crossovers act as the primary exit signals, indicating a potential trend reversal.
Bill Williams Fractals for Take-Profit (TP) and Re-Entries (RE): Once a trade is active, the indicator uses breakouts of recent Bill Williams Fractals to identify tactical opportunities.
Take-Profit (TP): When price breaks a fractal in the direction of the trend (e.g., breaks a higher-high fractal in an uptrend), it signals a potential area to take partial or full profits.
Re-Entry (RE): When price breaks a fractal against the primary trend (e.g., breaks a higher-high fractal during a downtrend), it can signal a potential re-entry point to add to the position, often at a more favorable price.
Key Features
Clear Visual Signals: Displays easy-to-read labels on the chart for all key trading events:
BUY / SELL: Main entry signals.
TP: Take-Profit signals.
RE: Re-Entry signals.
EXIT: Trend reversal exit signals based on PSAR.
SL: Stop Loss hit signals.
ATR-Based Stop Loss: Includes an optional, fully configurable Average True Range (ATR) stop loss to help manage risk from the moment a position is opened.
Comprehensive Alert System: Every single signal generated by the indicator (Buy, Sell, TP, RE, Exit, and SL) can be used to create a custom alert in TradingView. This allows for seamless integration with mobile notifications, email, or webhook-based automation.
Highly Customizable: Provides a detailed settings menu to fine-tune every aspect of the strategy, including PSAR parameters, Fractal lookbacks, and signal visibility.
Position Direction Control: Easily configure the indicator to show Buy & Sell, Buy Only, or Sell Only signals to match your market bias.
How to Use
Entry Signals: Look for BUY (green label below a candle) or SELL (red label above a candle) signals to initiate a trade. These appear when the lagging PSAR indicates a new trend may be starting.
Managing the Trade:
Take-Profit (TP): When a TP label appears, consider taking some profit off the table.
Re-Entry (RE): When an RE label appears, it suggests a potential opportunity to add to your existing position.
Stop Loss (SL): The red line indicates your ATR-based stop loss level. If the price touches this line, an SL label will appear, and the indicator will automatically close the conceptual trade.
Exit Signals: An EXIT label (based on the PSAR reversing) signals that the primary trend may have ended, and it is time to close the position.
Setting Up Alerts
This indicator is designed for full alert integration.
Add the indicator to your chart.
Click the 'Alert' button in TradingView's top toolbar.
In the 'Condition' dropdown, select "RJ Trend Trade".
In the second dropdown, choose the specific signal you want an alert for (e.g., "Enter-Buy", "TP-Sell", "StopLoss-Buy").
Configure your notification preferences and click "Create".
Disclaimer: This indicator is a tool for technical analysis and should not be considered financial advice. All trading involves risk. Please backtest this indicator thoroughly and use proper risk management before trading with real capital.
Worldwide Sessions and Open Range BreakoutThis script shows when the various normal market hours for each of the major worldwide markets (Asia, New York, and London). It also draws a line on the opening range for each of these market sessions. The opening range defaults to the first 15 minutes of the session, but this can be customized.
This script does automatically handle the session times regardless of your time zone or what time frame you are on. No need to set anything! This probably can't handle non-normal trading days, such as partial days.
This script is made for futures, but would likely work for other markets, like Forex.
LRHA Trend Shift DetectorLRHA Trend Shift Detector (TSD)
The LRHA Trend Shift Detector is an advanced momentum exhaustion indicator that identifies potential trend reversals and changes by analyzing Linear Regression Heikin Ashi (LRHA) candle patterns. TSD focuses on detecting when strong directional moves begin to lose momentum.
🔬 Methodology
The indicator employs a three-stage detection process:
LRHA Calculation: Applies linear regression smoothing to Heikin Ashi candles, creating ultra-smooth trend-following candles that filter out market noise
Extended Move Detection: Identifies sustained directional moves by counting consecutive bullish or bearish LRHA candles
Momentum Exhaustion Analysis: Monitors for significant changes in candle size compared to recent averages
When an extended move shows clear signs of momentum exhaustion, the indicator signals a potential trend shift with red dots plotted above or below your candlesticks.
⚙️ Parameters
Core Settings
LRHA Length (11): Linear regression period for smoothing calculations. Lower values = more responsive, higher values = smoother trends.
Minimum Trend Bars (4): Consecutive candles required to establish an "extended move." Higher number detects longer term trend changes.
Exhaustion Bars (3): Number of consecutively smaller candles needed to signal exhaustion. Lower is more sensitive.
Size Reduction Threshold (40%): Percentage decrease in candle size to qualify as "exhaustion." Lower is more sensitive.
Trend Trading
Pullback Entries: Identify exhaustion in counter-trend moves for trend continuation
Exit Strategy: Recognize when main trend momentum is fading
Position Sizing: Reduce size when seeing exhaustion in your direction
🎛️ Optimization Tips
For More Signals (Aggressive)
- Decrease LRHA Length (7-9)
- Reduce Minimum Trend Bars (2-3)
- Lower Size Reduction Threshold (25-35%)
For Higher Quality (Conservative)
- Increase LRHA Length (13-18)
- Raise Minimum Trend Bars (5-6)
- Higher Size Reduction Threshold (45-55%)
⚠️ Important Notes⚠️
- **Not a Complete Strategy**: Use as confluence with other analysis methods
- **Market Context Matters**: Consider overall trend direction and key support/resistance levels
- **Risk Management Essential**: Always use proper position sizing and stop losses
- **Backtest First**: Optimize parameters for your specific trading style and instruments
VWAP %BVWAP %B - Volume Weighted Average Price Percent B
The VWAP %B indicator combines the reliability of VWAP (Volume Weighted Average Price) with the analytical power of %B oscillators, similar to Bollinger Bands %B but using volume-weighted statistics.
## How It Works
This indicator calculates where the current price sits relative to VWAP-based standard deviation bands, expressed as a percentage from 0 to 1:
• **VWAP Calculation**: Uses volume-weighted average price as the center line
• **Standard Deviation Bands**: Creates upper and lower bands using standard deviation around VWAP
• **%B Formula**: %B = (Price - Lower Band) / (Upper Band - Lower Band)
## Key Levels & Interpretation
• **Above 1.0**: Price is trading above the upper VWAP band (strong bullish momentum)
• **0.8 - 1.0**: Overbought territory, potential resistance
• **0.5**: Price exactly at VWAP (equilibrium)
• **0.2 - 0.0**: Oversold territory, potential support
• **Below 0.0**: Price is trading below the lower VWAP band (strong bearish momentum)
## Trading Applications
**Trend Following**: During strong trends, breaks above 1.0 or below 0.0 often signal continuation rather than reversal.
**Mean Reversion**: In ranging markets, extreme readings (>0.8 or <0.2) may indicate potential reversal points.
**Volume Context**: Unlike traditional %B, this incorporates volume weighting, making it more reliable during high-volume periods.
## Parameters
• **Length (20)**: Period for standard deviation calculation
• **Standard Deviation Multiplier (2.0)**: Controls band width
• **Source (close)**: Price input for calculations
## Visual Features
• Reference lines at key levels (0, 0.2, 0.5, 0.8, 1.0)
• Background highlighting for extreme breaks
• Real-time values table
• Clean oscillator format below price chart
Perfect for intraday traders and swing traders who want to combine volume analysis with momentum oscillators.
Absolute High and Low {Darkoexe}This indicator identifies and visually highlights the absolute highest and lowest closing prices on a chart. It is designed to help traders quickly recognize major price extremes that can serve as significant support/resistance levels or turning points in historical price action.
🔧 What It Does
The script plots persistent horizontal lines on your chart to mark either:
The absolute highest and lowest closing prices of the entire visible chart, or
The highest and lowest closing prices within a custom range of candles, defined by the user.
These price levels are plotted using thick green and red lines, respectively, and are updated dynamically as new highs or lows are set.
⚙️ How It Works
When “Use all candles” is enabled, the script continuously updates the high and low lines based on the full price history of the chart. These lines remain until a new extreme is made.
When disabled, the script checks only the most recent N candles (max bars back input). It scans this window to find and plot the highest and lowest closes.
The lines extend to the right to help users visually anchor these key levels in future price action.
🎯 Use Cases
Spotting extreme price levels for potential mean-reversion strategies.
Confirming breakout or breakdown conditions.
Defining long-term support and resistance zones.
This tool is especially useful for discretionary traders who value historical context and want clear visual markers for past price extremes.
⚠️ Notes and Limitations
This script is not predictive. It simply marks historical price extremes based on closing values.
When using the fixed range mode (max bars back), be aware that values outside this range will not be considered.
The indicator does not repaint, but in full chart mode, it updates only when a new extreme is formed.
Candle Price % ChangeIf you are using candle bottoms/tops for your stop-loss, this indicator allows you to see the price percentage difference between the current price and the high or low of a candle. This eliminates the need to manually measure the candle every time you need to determine your stop-loss %. It's particularly useful when scalping on small time frames like the 1m.
