Full Indicador v3.0 - By Claudio HerreraThis script combines several custom indicators to create a configuration that adapts to all timeframes.
The Domenec Tunnel, with its custom, modified moving averages, allows us to always know where we stand. The moving averages and correction tapes, calibrated to fit any chart, provide a visual advantage during analysis, enabling us to quickly recognize trends and critical areas.
The color-coded indicator adds extra value by highlighting "strength/weakness/doubt" in the movement or direction, as well as indicating whether an impulse is strong enough to sustain over time. It allows us to quickly recognize trend exhaustion and reversals.
The inclusion of ICT indicators, support and resistance levels, trend lines, market structure, and FVG detection allows us to identify areas of interest with high volume where the price consistently returns. Indicator
EZ Oscilator - Live Divergences**How to Trade with EZ Oscillator**
The **EZ Oscillator** combines momentum waves with live divergence detection to deliver clear, high-probability trading signals. Here’s how to use it effectively:
### 1. Bullish Signals (Long Entries)
- **Bullish Crossover**: Look for the fast wave (wt1) crossing **above** the slow signal wave (wt2) when the signal is below 30. This is a strong momentum reversal signal in oversold territory.
- **Bullish Divergence**: A "Bull" label appears when price makes a lower low but the oscillator makes a higher low. This often signals weakening bearish momentum and potential reversal upward.
- Best used near the **Oversold level (15)** or when the oscillator is rising from below the midline (50).
### 2. Bearish Signals (Short Entries)
- **Bearish Crossover**: Look for the fast wave crossing **below** the slow signal wave when the signal is above 70. This indicates momentum exhaustion in overbought territory.
- **Bearish Divergence**: A "Bear" label appears when price makes a higher high but the oscillator makes a lower high. This warns of weakening bullish momentum and possible downward reversal.
- Most effective near the **Overbought level (85)** or when the oscillator is falling from above the midline.
### 3. Key Levels & Confirmation
- **Midline (50)**: Acts as the equilibrium level. Crosses above 50 favor bulls, crosses below 50 favor bears.
- **Overbought (85) / Oversold (15)**: Use dashed levels as dynamic zones. Price + oscillator extremes here increase reversal probability.
- **Divergence Lines**: Visible connecting lines confirm hidden strength or weakness between price and momentum.
### 4. Additional Tips
- The **gradient glow** strengthens visually as the oscillator moves further from 50 — the brighter the glow, the stronger the momentum.
- Combine with higher timeframe context or support/resistance for better accuracy.
- Use the **Trend Bar** at the bottom (if enabled) as a quick visual reference for current momentum direction.
**Pro Tip**: The strongest setups occur when a **crossover** and a **divergence label** appear together near the extreme levels (15 or 85).
This oscillator is non-repainting on closed bars and works across all markets — Forex, Stocks, Crypto, and Futures.
How to Trade with EZ Oscillator
The EZ Oscillator combines momentum waves with live divergence detection to deliver clear, high-probability trading signals. Here’s how to use it effectively:
1. Bullish Signals (Long Entries)
Bullish Crossover : Fast wave (wt1) crosses above the slow signal wave (wt2) when the signal is below 30. Strong momentum reversal in oversold territory.
Bullish Divergence : "Bull" label appears when price makes a lower low but the oscillator makes a higher low — signals weakening bearish momentum.
2. Bearish Signals (Short Entries)
Bearish Crossover : Fast wave crosses below the slow signal wave when the signal is above 70. Indicates momentum exhaustion in overbought territory.
Bearish Divergence : "Bear" label appears when price makes a higher high but the oscillator makes a lower high.
3. Key Levels & Confirmation
Midline (50) : Equilibrium level. Above = bullish bias, Below = bearish bias.
Overbought (85) / Oversold (15) : Use as dynamic reversal zones.
Divergence Lines : Connect pivots to visually confirm hidden strength/weakness.
4. Additional Tips
The gradient glow becomes stronger as the oscillator moves away from 50 — brighter glow = stronger momentum.
Strongest setups occur when a crossover and divergence label appear together near 15 or 85.
Works on all timeframes and markets (Forex, Stocks, Crypto, Futures).
Pro Tip : Always combine with higher timeframe structure or key support/resistance levels for higher probability trades.
The oscillator is non-repainting on closed bars.
Indicator
[ A L P H A X ] Elliott Wave Detection & Fibonacci Golden ZoneAlphaX Wave – Elliott Wave Detection, Fibonacci Golden Zone Mapping, Multi-Confluence Scoring & Smart SL/TP System
AlphaX Wave is a professional-grade Elliott Wave analysis and trade signal system built on a proprietary multi-engine architecture that fuses automated wave counting, Fibonacci golden zone projection, multi-factor momentum scoring, and structure-based stop loss and target placement into a single cohesive tool. It identifies impulse wave patterns (waves 1–5), detects corrective ABC structures, projects Fibonacci retracement zones, scores trade setups across eight independent confluence factors, and generates graded entry signals with intelligent SL/TP levels derived from swing structure, Fibonacci levels, and wave projections. Designed for traders who use Elliott Wave theory as their primary framework on instruments like XAUUSD, indices, forex majors, and crypto.
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🔬 The Wave Engine — How It Works
At the core of AlphaX Wave is an automated Elliott Wave detection algorithm that identifies the classical 5-wave impulse structure and 3-wave corrective patterns in real-time. Unlike manual wave counting, this engine applies strict mathematical validation rules derived from Elliott Wave theory to ensure only structurally valid patterns are labeled.
Impulse Wave Detection (Waves 1–5)
The engine uses a rolling buffer of confirmed swing highs and swing lows detected via a configurable pivot lookback. When at least three swing highs and three swing lows are available, the engine tests them against the following Elliott Wave rules:
Wave 2 must not retrace beyond the start of Wave 1 — validated by checking that the second swing low remains above the first swing low (bullish) or below the first swing high (bearish)
Wave 3 must not be the shortest impulse wave — validated by comparing the Wave 3 range to at least 70% of the Wave 1 range
Wave 4 must not overlap into Wave 1 territory — validated by checking that the Wave 4 low stays above the Wave 2 low (bullish) or Wave 4 high stays below the Wave 2 high (bearish)
Wave 2 retracement must be between 15% and 95% of Wave 1 — filters out patterns that are too shallow or too deep
Wave 4 retracement must be between 10% and 90% of Wave 3 — ensures proper proportionality
Temporal ordering must be correct — all six pivot points must occur in strict chronological sequence
Wave 5 must exceed Wave 3's high (bullish) or undercut Wave 3's low (bearish) — confirms the impulse completed with a new extreme
When all rules pass simultaneously, the engine marks the complete 1–5 impulse structure on the chart with numbered labels and connecting wave lines. Wave 3 and Wave 5 receive larger, brighter labels because they represent the highest-momentum phases of the impulse.
Corrective Wave Detection (ABC Pattern)
After an impulse completes, the engine monitors for corrective price action:
For a completed bullish impulse — the engine watches for a pullback that retraces between 20% and 72% of the impulse range, indicating an ABC correction is forming
For a completed bearish impulse — the engine watches for a bounce that retraces between 20% and 72% of the impulse range
The correction must originate after Wave 5 completes — ensures proper sequence
A configurable cooldown prevents multiple correction labels from firing on the same structure
Corrective zones are particularly valuable because they represent potential entry opportunities in the direction of the prior impulse trend — the market is pulling back within a larger trend structure.
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📐 Fibonacci Golden Zone System
When an impulse wave completes, the engine automatically projects Fibonacci retracement levels across the entire impulse range:
38.2% Retracement — the shallowest institutional retracement level
50.0% Retracement — the equilibrium midpoint of the impulse
61.8% Retracement — the golden ratio level, highest-probability reversal zone
The area between the 38.2% and 61.8% levels forms the Golden Zone — a shaded box that represents the highest-probability area for the corrective wave to terminate and the trend to resume. This is where institutional traders typically place their limit orders.
The Golden Zone system includes intelligent lifecycle management:
Zones automatically expire after a configurable maximum age (default 80 bars)
Zones are removed when price closes significantly beyond them (1.5 ATR past the zone boundary) — indicating the zone has been invalidated
Maximum active zones are capped (configurable) to keep the chart clean
The indicator tracks whether price is currently inside a bullish or bearish Golden Zone — this information feeds directly into the confluence scoring engine
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📊 Wave 3 Setup Detection
Wave 3 is traditionally the strongest and longest wave in Elliott Wave theory. AlphaX Wave includes a dedicated Wave 3 Setup Scanner that identifies potential Wave 3 initiations in real-time:
Detects when price has completed a valid Wave 1 (impulse move) followed by a Wave 2 (pullback between 15% and 90% of Wave 1)
Confirms the pullback low remains above the Wave 1 starting point (bullish) or below it (bearish) — validating the wave structure
Requires a directional confirmation candle (close above prior high for bullish, close below prior low for bearish)
Marked with small purple triangles — ▲ below bar for bullish Wave 3 setups, ▼ above bar for bearish
Wave 3 setups are among the highest-probability trade entries in all of technical analysis because they align with the strongest phase of the impulse trend.
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🧠 8-Factor Confluence Scoring Engine
Every potential trade signal is evaluated across eight independent confluence factors . Each factor scores either 0 or 1 point, producing a confluence score from 0 to 8. Only signals meeting your configured minimum confluence threshold are displayed.
Factor 1 — Wave 3 Setup (W3)
Is a valid Wave 3 initiation pattern present?
This is the single most powerful factor — Wave 3 moves are the strongest in Elliott theory
Factor 2 — ABC Correction Zone (ABC)
Is the market currently in a corrective phase following a completed impulse?
Corrections within trends offer the best risk/reward entries
Factor 3 — Price in Fibonacci Golden Zone (FIB)
Is price currently inside an active Golden Zone box (between 38.2% and 61.8% retracement)?
Golden Zone entries have institutional backing
Factor 4 — Price at Specific Fibonacci Level (FLV)
Is price at or near the 38.2%, 50.0%, or 61.8% retracement level specifically?
Precision Fibonacci entries add edge beyond just being "in the zone"
Factor 5 — Momentum Alignment (MOM)
Are RSI slope, MACD direction, MACD histogram momentum, and Stochastic all aligned in the signal direction?
Requires at least 2 of 5 momentum sub-factors to confirm
Factor 6 — RSI Divergence (DIV)
Is a confirmed RSI divergence present (price makes new low but RSI makes higher low, or vice versa)?
Divergence is one of the most reliable reversal confirmation signals
Factor 7 — Volume Confirmation (VOL)
Is current volume above the moving average with a candle closing in the signal direction?
Volume validates institutional participation in the move
Factor 8 — EMA Trend Alignment (EMA)
Are the Fast (21), Medium (50), and Slow (200) EMAs properly stacked in the signal direction?
Or is price at least above/below the 200 EMA with Fast above/below Medium?
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📊 Confidence Scoring & Grade System
Beyond the 8-factor confluence count, each signal receives a weighted confidence score from 0 to 100% that reflects the quality and strength of the setup:
Wave Structure (up to 22 points)
Wave 3 Setup present = 22 points (highest single contributor)
ABC Correction active = 12 points
Fibonacci Alignment (up to 22 points)
Price inside Golden Zone = 15 points
Price at 61.8% level = 7 points, at 50.0% = 5 points, at 38.2% = 4 points
Momentum Confirmation (up to 23 points)
Momentum aligned (2+ sub-factors) = 12 points
Strong momentum (4+ sub-factors) = additional 6 points
MACD crossover on signal bar = 5 points
RSI Analysis (up to 14 points)
RSI divergence confirmed = 10 points
RSI slope in ideal range = 4 points
RSI already at opposite extreme (penalty) = -5 points
Volume & Trend (up to 20 points)
Volume above average + directional candle = 5 points
Volume spike + directional candle = 3 points
Full EMA alignment (Fast > Medium > Slow or reverse) = 8 points
Cloud direction confirmed = 4 points
Signals are classified into grades based on the final confidence score:
A+ Grade (70%+) — Exceptional setup. Maximum confluence across wave structure, Fibonacci, momentum, and trend.
A Grade (55–69%) — High-quality setup. Most major factors aligned.
B Grade (40–54%) — Solid setup. Core conditions met with moderate confirmation.
C Grade (25–39%) — Marginal setup. Basic conditions met but weaker confirmation. Hidden by default.
D Grade (below 25%) — Weak setup. Minimal confluence. Hidden by default.
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📊 Signal Labels — What They Show
Each entry signal label displays comprehensive information in a compact format:
Direction — ▲ LONG or ▼ SHORT with spaced lettering
Grade — A+, A, B, C, or D classification
Confidence Percentage — The weighted score from the confidence engine
Confluence Count — How many of the 8 factors are active (e.g., 5/8)
Active Factor Checklist — Shows exactly which factors contributed: ✓W3 ✓ABC ✓FIB ✓FLV ✓MOM ✓DIV ✓VOL ✓EMA
Label colors follow the grade system:
Bull signals — Bright green (A+), Primary green (A), Dim green (B), Neutral gray (C/D). All use dark text for readability.
Bear signals — Bright red (A+), Primary red (A), Dim red (B), Neutral gray (C/D). All use white text for readability.
A thin dotted line connects the signal label to the price bar, keeping the label offset from price action to avoid chart clutter.
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🎯 Smart SL/TP System — Structure-Based Risk Management
Every entry signal automatically generates three trade management levels — Stop Loss, Target 1, and Target 2 — using a multi-source calculation engine that prioritizes structural price levels over arbitrary ATR multiples.
Stop Loss Calculation
The SL engine searches for the optimal stop placement using this priority cascade:
Nearest swing structure — Finds the closest confirmed swing low (for longs) or swing high (for shorts) within a 50-bar lookback. Places the SL beyond this level with ATR padding.
ATR floor and cap — Ensures the SL is never too tight (70% of base ATR multiple) or too wide (180% of base ATR multiple) regardless of swing structure.
Confidence modifier — Higher-grade signals receive tighter stops (0.85× for A+, 0.92× for A, 1.0× for B, 1.15× for C/D). This reflects the higher-probability nature of strong setups.
Target 1 Calculation
TP1 represents the conservative take-profit level:
Nearest opposing swing — Searches for the closest swing high above entry (longs) or swing low below entry (shorts) that provides at least 1.2× the SL distance.
Fibonacci level targeting — If an active Fibonacci zone has a 38.2% or 50.0% level above/below entry that provides better targeting than the swing level, the Fib level is used.
Minimum R:R enforcement — TP1 is guaranteed to provide at least the configured ATR multiple (default 2.5×) of risk-reward.
Target 2 Calculation
TP2 represents the extended profit target:
Wave-based projection — If an impulse wave is active, TP2 is calculated as 61.8% of the total impulse range — representing the typical next-wave target.
Far swing structure — Searches for swing levels further than TP1 that provide at least 1.3× the TP1 distance.
Fibonacci extension — If the 61.8% Fibonacci level provides a target beyond TP1, it is used as TP2.
Minimum spacing — TP2 is guaranteed to be at least 1.5× the TP1 distance from entry.
Break-Even Protection
When TP1 is hit, the system automatically adjusts the Stop Loss to the entry price (break-even). The SL label changes to "BE" with a neutral color, visually confirming that the trade is now risk-free on the remaining position targeting TP2.
Hit Tracking
All SL/TP levels are tracked in real-time:
When a level is hit, the label changes color — red fill for SL hits, green fill for TP hits
SL hits are processed first — if the SL is hit, TP levels for that trade are no longer tracked
TP1 must be hit before TP2 tracking activates the break-even mechanism
Historical SL/TP groups are automatically trimmed to keep the chart clean (configurable history count)
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📐 Trend Context Layer
Three independent trend analysis systems provide structural context:
Triple EMA System
Fast EMA (21) — Yellow-green crosses. Immediate momentum reference.
Medium EMA (50) — Gray line. Intermediate trend filter.
Slow EMA (200) — Dark gray, thicker line. Macro structural backbone used in confidence scoring.
When all three are properly stacked (Fast > Medium > Slow for bullish, reverse for bearish), trend alignment scores maximum points.
Trend Cloud
Calculated from the midpoints of the highest high / lowest low over fast (9) and slow (26) periods
When the fast midpoint is above the slow midpoint, the cloud fills green — bullish bias
When below, the cloud fills red — bearish bias
Cloud direction adds 4 points to the confidence score when aligned with the signal
RSI Divergence System
Detects classical RSI divergence using pivot-based comparison
Bullish divergence — price makes a lower low but RSI makes a higher low
Bearish divergence — price makes a higher high but RSI makes a lower high
Divergence must occur within a valid lookback window (5–50 bars between pivots) and be recent (within 3 bars of the current RSI pivot)
Marked with small diamond shapes — green below bar for bullish, red above bar for bearish
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📊 Momentum Engine
The momentum engine combines four oscillator systems into a unified momentum score:
RSI Slope — Smoothed RSI direction over 2 bars. Bullish when RSI is between 40–75 and rising. Bearish when RSI is between 25–60 and falling.
MACD Direction — MACD Line above Signal Line = bullish, below = bearish.
MACD Histogram Momentum — Histogram increasing = bullish momentum, decreasing = bearish momentum.
Stochastic Alignment — %K above %D with room to run (below 80) = bullish. %K below %D with room to fall (above 20) = bearish.
MACD Crossover — Fresh MACD crossover on the signal bar adds additional confirmation.
Scores of 2+ out of 5 confirm momentum alignment. Scores of 4+ indicate strong momentum — adding bonus points to the confidence score.
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📐 Dashboard Intelligence
A comprehensive 3-column AlphaX-branded dashboard provides real-time analysis across all engine layers:
Wave & Fibonacci Status
Current wave phase — Impulse 1–5 (detected/active), Corrective ABC, or Scanning
Wave trend direction — Bullish or Bearish impulse context
Fibonacci status — In Golden Zone, at specific level, or no active zone
Active Fibonacci zone count
Momentum & Trend
Momentum state — Strong Bull/Bear, Bullish/Bearish, or Flat
Bull/Bear sub-factor scores (e.g., 3▲ 1▼)
EMA trend alignment — Bull Aligned, Bear Aligned, or Mixed
Price position relative to 200 EMA
Cloud direction — Bullish, Bearish, or Flat
Volume & Oscillators
Relative volume — Spike, High, Normal, or Dry with exact ratio
RSI state — Overbought, Oversold, Rising, Falling, or Neutral with numeric value
Confluence & Verdict
Bull confluence score — count out of 8, confidence percentage, and letter grade
Bear confluence score — count out of 8, confidence percentage, and letter grade
Verdict — the engine's overall assessment: High Confidence Long, High Confidence Short, Lean Long/Short with Caution, Mixed — Stand Aside, or No Clear Edge
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🚀 How to Trade with AlphaX Wave — Step by Step
Step 1 — Identify the Wave Structure
Look for completed impulse patterns (numbered 0–5 on the chart)
Check the Dashboard: What is the current Wave Phase?
If "SCANNING" — no valid wave structure detected yet. Wait for pattern formation.
Step 2 — Wait for Correction or Wave 3 Setup
After an impulse completes, watch for the "ABC CORRECTION ZONE" label — this is where the market is pulling back within the trend
Watch for Wave 3 Setup triangles (▲/▼) — these mark the beginning of the strongest wave
Check if price is entering a Fibonacci Golden Zone (purple shaded box)
Step 3 — Enter on Confluence Signal
Wait for a graded entry label (▲ LONG or ▼ SHORT) to appear
Check the grade — A+ and A signals have the highest probability
Review the factor checklist — more ✓ marks = stronger setup
The SL and TP levels are automatically plotted for immediate trade management
Step 4 — Manage the Trade
Monitor the SL/TP levels on the chart — they update automatically
When TP1 is hit, the label lights up green and the SL moves to break-even
Hold the remaining position for TP2 risk-free
If SL is hit first, the label turns red — accept the loss and wait for the next setup
Step 5 — Read the Verdict
The Dashboard Verdict row summarizes the engine's real-time assessment
"HIGH CONFIDENCE LONG/SHORT" — all systems aligned, actively look for entries
"LEAN LONG/SHORT — CAUTION" — some alignment but not full, trade with reduced size
"MIXED — STAND ASIDE" — conflicting signals, do not trade
"NO CLEAR EDGE" — insufficient data, wait for structure to develop
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⚠ When NOT to Trade — Reading the Warning Signs
Dashboard shows "SCANNING" — No valid wave structure detected. The market may be in a complex correction or transition phase.
Verdict shows "MIXED — STAND ASIDE" — Bull and bear confluence are both active simultaneously. Conflicting signals cancel each other.
Cloud is flat or rapidly switching colors — No established trend direction. Signals during cloud transitions are less reliable.
EMAs are tangled and flat — Range-bound market. Wave patterns in choppy conditions produce lower-quality signals.
Only C or D grade signals appearing — Insufficient confluence. These grades are hidden by default for a reason.
RSI showing "OVERBOUGHT" on a long signal — The confidence engine already penalizes this (-5 points), but it is worth noting visually as well.
Volume showing "DRY" — Low-volume environments reduce the reliability of all technical patterns including waves.
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⚡ Key Features
🔬 Automated Elliott Wave impulse detection (1–5) with strict rule validation
📐 ABC corrective pattern recognition with retracement depth validation
🎯 Wave 3 Setup Scanner — identifies the strongest wave initiation points
📊 Fibonacci Golden Zone projection with intelligent lifecycle management
🧠 8-factor confluence scoring — Wave, ABC, Fibonacci, Fibonacci Level, Momentum, Divergence, Volume, EMA
📈 Weighted confidence scoring (0–100%) with A+ through D grade classification
▲▼ Detailed signal labels showing grade, confidence, confluence count, and active factor checklist
🎯 Structure-based SL/TP system — swing levels, Fibonacci targets, and wave projections
🛡 Automatic break-even protection when TP1 is hit
📊 Real-time hit tracking with visual color changes on SL/TP labels
☁ Trend Cloud with gradient fill for instant directional bias
📐 Triple EMA system (21/50/200) for structural trend context
💎 RSI divergence detection with pivot-based validation
📊 Multi-oscillator momentum engine (RSI, MACD, Stochastic)
📊 Volume spike detection with configurable multiplier
📐 Comprehensive 3-column dashboard with verdict system
🎨 Cohesive triple-tone color theme — Green for bull, Red for bear, Purple for wave structure
🔔 10 alert conditions — signals, impulses, corrections, Wave 3 setups, and divergences
⚙ Fully configurable — wave detection, Fibonacci, momentum, signals, SL/TP, and all visuals
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⚙ Settings Reference
Wave Detection
Swing Detection Length — Pivot lookback for identifying swing highs and lows (default: 6)
Show Wave Count Labels — Toggle the numbered 0–5 labels on impulse waves
Show Wave Structure Lines — Toggle the connecting lines between wave points
Show Impulse Completion — Toggle the "IMPULSE COMPLETE" notification labels
Show Corrective Patterns — Toggle the "ABC CORRECTION ZONE" labels
Show Wave 3 Setup Markers — Toggle the purple triangle markers
Wave Pattern Cooldown — Minimum bars between wave pattern detections (default: 18)
Fibonacci
Show Fib Golden Zone Boxes — Toggle the shaded 38.2%–61.8% retracement zone
Max Fib Zone Boxes — Maximum simultaneous Golden Zones (default: 3)
Fib Zone Max Age — Bars before a zone auto-expires (default: 80)
Momentum
RSI Length / Smoothing — Core RSI calculation parameters
MACD Fast / Slow / Signal — MACD oscillator parameters
Show RSI Divergence — Toggle divergence diamond markers
Volume
Volume MA Length — Baseline period for volume comparison (default: 20)
Volume Spike Multiplier — Threshold for spike detection (default: 1.6×)
Show Volume Spike Dots — Toggle volume spike indicators at bar bottom
EMA Settings
Fast / Medium / Slow EMA — Independently toggle visibility and set periods
Defaults: 21 / 50 / 200
Trend Cloud
Show Trend Cloud — Toggle the gradient cloud fill
Cloud Fast / Slow Length — Midpoint calculation periods (default: 9 / 26)
Confluence Engine
Min Confluence Score — Minimum factors required for a signal (default: 3 of 8)
Show Entry Signals — Toggle signal labels
Signal Cooldown — Minimum bars between signals (default: 10)
Signal Label Offset — Distance below/above bar in ATR units (default: 3.0)
Show Grade C / D Signals — Toggle lower-quality signal visibility (default: off)
SL / TP
Show Stop Loss & Targets — Toggle all SL/TP visual elements
Stop Loss (× ATR) — Base ATR multiple for stop loss calculation (default: 2.0)
Target 1 (× ATR) — Base ATR multiple for conservative target (default: 2.5)
Target 2 (× ATR) — Base ATR multiple for extended target (default: 5.0)
Limit SL/TP History — Cap the number of visible historical trade levels
SL/TP History Count — Maximum trade groups shown (default: 8)
Move SL to Break Even after TP1 — Enable/disable break-even protection
Display
Show Dashboard — Toggle the information panel
Dashboard Position — Top Right, Top Left, Bottom Right, Bottom Left
Dashboard Text Size — Tiny, Small, Normal
Dashboard Background — Background color for the panel
Theme Colors
Bull Primary / Bright / Dim — Green family for bullish elements
Bear Primary / Bright / Dim — Red family for bearish elements
Wave Primary / Bright / Dim — Purple family for wave structure elements
Fibonacci Levels / Dim — Purple-pink family for Fibonacci zones
EMA colors — Fast (green), Medium (gray), Slow (dark gray)
Neutral — Gray for inactive/mixed states
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🔔 Alert Conditions
Wave Long Signal — Fires when a graded bullish entry signal appears
Wave Short Signal — Fires when a graded bearish entry signal appears
Bullish Impulse Complete — Fires when a full 1–5 bullish impulse is detected
Bearish Impulse Complete — Fires when a full 1–5 bearish impulse is detected
Wave 3 Bull Setup — Fires when a bullish Wave 3 initiation pattern is detected
Wave 3 Bear Setup — Fires when a bearish Wave 3 initiation pattern is detected
RSI Bull Divergence — Fires when bullish RSI divergence is confirmed
RSI Bear Divergence — Fires when bearish RSI divergence is confirmed
Bullish ABC Correction — Fires when a bullish corrective zone is identified
Bearish ABC Correction — Fires when a bearish corrective zone is identified
All alert messages include {{ticker}} and {{interval}} placeholders for clean webhook integration.
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🎯 Default Settings — Optimized For
The default configuration is tuned for XAUUSD (Gold) and major instruments on the 5-minute to 1-hour timeframes :
Swing Length at 6 captures wave structure without excessive lag on intraday charts
Minimum confluence at 3/8 ensures signals have meaningful multi-factor backing
Signal cooldown at 10 bars prevents rapid-fire signals during volatile wave transitions
SL at 2.0 ATR with structure-based adjustment provides adaptive risk sizing
TP1 at 2.5 ATR and TP2 at 5.0 ATR provide minimum 1.25R and 2.5R risk-reward ratios
Break-even protection ensures profitable trades are protected after TP1
Grade C and D signals hidden by default to maintain signal quality
For other instruments or timeframes, adjust:
Higher timeframes (4H, Daily) — Increase Swing Length to 8–14, increase Wave Cooldown to 30–50, increase SL/TP ATR multiples
Lower timeframes (1m) — Reduce Swing Length to 4–5, reduce Signal Cooldown to 5–7, increase Min Confluence to 4
Forex majors — Use defaults, optionally reduce Swing Length to 5 for tighter wave detection
Crypto — Increase Swing Length to 8–10 (higher volatility), increase SL ATR multiple to 2.5–3.0
Fewer, higher-quality signals — Increase Min Confluence to 4–5, increase Signal Cooldown, hide Grade C/D
More signals — Reduce Min Confluence to 2, enable Grade C signals, reduce cooldown
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👥 Who This Is For
📐 Elliott Wave Practitioners — Automated wave counting with strict rule validation eliminates subjective bias
📊 Fibonacci Traders — Automatic Golden Zone projection with lifecycle management removes manual drawing
🥇 Gold & Forex Intraday Traders — Optimized for instruments with clean wave structures on fast timeframes
🧠 Systematic Traders — The 8-factor confluence + weighted confidence system provides a fully quantitative framework
🎯 Traders who want complete trade plans — Entry, SL, TP1, TP2, and break-even all generated automatically
📈 Traders learning Elliott Wave — The visual wave labels and structure lines serve as an educational overlay
⚠ Traders who struggle with exit management — The SL/TP system with hit tracking and break-even automation removes emotional decision-making
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📝 Notes
Wave detection uses confirmed pivot points (offset by the swing length) — wave labels appear after structural confirmation, not in real-time. This prevents repainting.
The indicator requires sufficient bar history to populate swing buffers — allow at least 100+ bars of data before expecting wave pattern detection
Elliott Wave rules are applied as mathematical approximations of the classical theory — certain complex wave structures (extended waves, truncations, diagonal triangles) may not be detected
SL/TP levels are calculated at signal time and do not adjust afterward (except the break-even mechanism on TP1 hit)
Maximum 500 labels, 500 lines, and 500 boxes are used — on very low timeframes with extended history and many signals, oldest drawings may be automatically removed by TradingView's rendering limits
The SL/TP history is automatically trimmed to the configured limit (default 8 trade groups = 24 labels/lines) to stay within TradingView's drawing limits
All confluence factors and confidence scores are recalculated on every bar — the dashboard reflects the current bar's state, not the last signal's state
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⚠ Disclaimer
This indicator is a technical analysis and visualization tool intended for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Elliott Wave patterns, Fibonacci levels, and all signals are generated from historical and real-time price data using mathematical calculations — their accuracy or profitability is not guaranteed. Elliott Wave theory is inherently subjective and interpretive; automated detection provides one possible wave count among many valid alternatives. Past wave patterns and signal performance do not guarantee future results. Always conduct your own analysis, use proper risk management, and consult a licensed financial advisor before making any trading decisions. The author accepts no responsibility for any losses incurred from the use of this indicator.
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Built for traders who demand clarity, confidence, and precision from their charts. Indicator
Displacement Lens [JOAT]Displacement Lens
Introduction
The Displacement Lens is an advanced open-source momentum analysis indicator that measures real-time displacement intensity by fusing four normalized momentum oscillators with volume-weighted candle body analysis. It produces a composite displacement score displayed as a gradient histogram with adaptive threshold bands, designed to separate institutional displacement candles from retail noise. This is not a simple oscillator mashup — it is a unified displacement measurement engine with institutional-grade features built on top of the core signal.
The indicator operates in its own pane (non-overlay) and provides traders with a clear, visual representation of when price is being displaced by institutional force versus when it is drifting on low-conviction retail flow.
Why This Indicator Exists
Standard momentum oscillators like RSI, CCI, or Bollinger %B each capture only one dimension of market momentum. Traders often flip between multiple oscillators trying to get a complete picture. The Displacement Lens solves this by:
Normalizing four independent oscillators (BB %B, CCI, ROC, RSI) to a common scale so they can be meaningfully combined
Weighting the composite by volume intensity and candle body ratio — because a large-bodied candle on high volume is institutional displacement, while a small-bodied candle on low volume is noise
Adding adaptive threshold bands that adjust to the signal's own volatility, rather than using fixed overbought/oversold levels that fail in different market conditions
Layering institutional features on top: decay detection, accumulation phases, divergence scanning, exhaustion markers, and a per-bar institutional candle grade
The result is a single composite signal that tells you not just "is momentum bullish or bearish" but "how strong is the institutional displacement right now, and is it accelerating, decaying, or exhausting?"
Core Signal Construction
The displacement signal is built in three stages:
Stage 1: Oscillator Normalization
Each of the four oscillators is normalized to a range using methods appropriate to each:
Bollinger %B: Measures where price sits within the Bollinger Bands. The raw %B (0 to 1) is remapped to with a soft clamp. When price is above the upper band, the score approaches +1. Below the lower band, it approaches -1.
CCI: The Commodity Channel Index is divided by 200 and clamped. CCI values beyond +/-200 saturate at +/-1, while values near zero produce scores near zero.
ROC: Rate of Change is normalized using adaptive scaling — it divides by twice its own standard deviation over 50 bars. This means the normalization adapts to the instrument's typical momentum range.
RSI: Remapped from the standard 0-100 range to by subtracting 50 and dividing by 50. RSI 70 becomes +0.4, RSI 30 becomes -0.4.
Each oscillator can be individually toggled on or off, and the composite averages only the active ones.
Stage 2: Volume-Weighted Displacement
The oscillator composite is blended with a volume displacement component:
float vol_displacement = disp_direction * body_ratio * vol_intensity
float raw_signal = osc_composite * (1.0 - vol_weight) + vol_displacement * vol_weight
Where:
disp_direction is +1 for bullish candles, -1 for bearish
body_ratio is the candle body size divided by the full range (high-low) — institutional candles have ratios above 0.7
vol_intensity is current volume relative to the 20-bar average, clamped to
vol_weight (default 0.3) controls how much volume influences the final score
This means a strong oscillator reading on a small-bodied, low-volume candle gets dampened, while a moderate oscillator reading on a large-bodied, high-volume candle gets amplified.
Stage 3: Smoothing and Thresholds
The raw signal is smoothed with an EMA (default period 5), and adaptive threshold bands are calculated as the signal's own standard deviation multiplied by a configurable factor (default 1.5x over 100 bars). This creates bands that widen in volatile markets and tighten in calm markets — far more reliable than fixed thresholds.
Institutional Features
1. Displacement Impulse Signals
When the signal crosses above the upper threshold for the first time (with volume and body confirmation), a bullish impulse label appears. Similarly for bearish. These mark the exact moment institutional displacement begins — not after it has already played out.
2. Momentum Divergence Engine
The indicator detects four types of divergence between price pivots and signal pivots:
Regular Bearish: Price makes a higher high, but the displacement signal makes a lower high — momentum is weakening despite price advance
Regular Bullish: Price makes a lower low, but the signal makes a higher low — selling pressure is fading
Hidden Bearish: Price makes a lower high, but the signal makes a higher high — continuation of downtrend likely
Hidden Bullish: Price makes a higher low, but the signal makes a lower low — continuation of uptrend likely
Divergences are detected using configurable pivot lengths and drawn as labeled markers directly on the histogram.
3. Displacement Decay Zones
When the signal was above the upper threshold but starts declining (still positive, but fading), the indicator marks a "decay zone" — a dotted box on the histogram showing where institutional momentum is waning. This is a unique concept: it identifies the transition from impulse to drift before the signal crosses zero. Bear decay zones work identically on the downside.
4. Accumulation Phase Detector
When both the signal and signal line are near zero (below half the standard deviation) for a minimum number of bars, the indicator draws a dashed "accumulation" box. These low-displacement consolidation phases often precede the next major impulse move. The concept is borrowed from Wyckoff methodology but applied to displacement scoring rather than price.
5. Institutional Candle Grading
Every bar receives a grade from D to A+ based on three factors:
Body ratio (how much of the candle is body vs wick) — 33.3% weight
Volume intensity (current volume vs 20-bar average) — 33.3% weight
Displacement alignment (how far the signal is from the threshold) — 33.4% weight
A+ candles (score >= 80) with body ratio > 0.7 and volume > 1.5x average are flagged as true institutional candles. The grade is shown in the dashboard.
6. Velocity Channel
The rate of change of the displacement signal itself is plotted as a velocity line with standard deviation bands. When velocity is expanding (accelerating), the displacement move has conviction. When velocity contracts, the move is losing steam. Optional glow effects make the velocity channel visually distinct.
7. Exhaustion Detection
Bullish exhaustion fires when the signal was above the threshold for 3 consecutive bars and then declines for 3 consecutive bars. Bearish exhaustion is the mirror. These are rare, high-conviction reversal signals that mark the exact point where institutional displacement has peaked and is reversing.
8. HTF Displacement Bias
The indicator calculates the same displacement composite on a higher timeframe (default 4H) using request.security(). When the current timeframe signal aligns with the HTF bias, conviction is higher. The dashboard shows whether HTF is BULLISH, BEARISH, or NEUTRAL and whether it is aligned with the current signal.
9. Displacement Streak Counter
Tracks how many consecutive bars the signal has been above the upper threshold (bull streak) or below the lower threshold (bear streak). Longer streaks indicate sustained institutional pressure.
Visual Elements
Gradient Histogram: The main displacement signal plotted as columns with gradient coloring — bullish bars transition from muted teal to bright teal as strength increases, bearish bars from muted rose to hot rose. Volume spike bars are highlighted in amber.
Signal Line: A further-smoothed version of the signal (3x the smoothing period) plotted as a bright lavender line. Crossovers between the signal and signal line generate diamond markers.
Adaptive Threshold Bands: Upper and lower threshold lines that expand and contract with signal volatility.
Decay Zones: Dotted boxes marking fading institutional momentum.
Accumulation Zones: Dashed boxes marking low-displacement consolidation.
Velocity Channel: Rate-of-change line with glow bands showing displacement acceleration.
15-Row Dashboard: Comprehensive command center showing Signal value, Phase classification, Candle Grade, HTF Bias, Streak, Velocity, Divergence status, and more.
Input Parameters
Oscillator Components:
BB Length (default 20), BB Multiplier (default 2.0)
CCI Length (default 23), ROC Length (default 50), RSI Length (default 14)
Individual toggles for each oscillator
Displacement Engine:
Signal Smoothing (default 5) — EMA period for the final signal
Volume Weight (default 0.3) — how much volume influences the score
Threshold Lookback (default 100) — period for adaptive threshold calculation
Threshold Multiplier (default 1.5) — sensitivity of threshold bands
Institutional Features:
Toggles for Impulse Signals, Divergences, Decay Zones, Accumulation Phases, Signal Crossovers, Velocity Channel, Exhaustion Markers, HTF Bias
HTF Timeframe (default 240 / 4H)
Accumulation Min Bars (default 8), Decay Min Bars (default 5)
Max Boxes (default 30), Divergence Pivot Length (default 5)
How to Use This Indicator
Step 1: Read the Phase
The dashboard shows the current displacement phase: IMPULSE BULL, IMPULSE BEAR, DRIFT BULL, DRIFT BEAR, DECAY, ACCUMULATION, or FLAT. This tells you the market's current displacement state at a glance.
Step 2: Watch for Impulse Signals
When the signal crosses the threshold with volume confirmation, an impulse label appears. These are the highest-conviction displacement events — institutional money is moving price.
Step 3: Monitor Decay and Exhaustion
After an impulse, watch for decay zones forming. If the signal was strong and starts declining, the move is losing institutional backing. Exhaustion markers confirm the reversal point.
Step 4: Confirm with HTF Bias
Check whether the HTF displacement aligns with the current timeframe. Aligned signals have higher follow-through probability.
Step 5: Use Divergences for Reversals
Regular divergences warn of potential reversals. Hidden divergences confirm trend continuation. Both are detected automatically.
Step 6: Identify Accumulation for Breakout Setups
When the indicator marks an accumulation phase (low displacement for extended bars), prepare for the next impulse. The breakout direction is often confirmed by the first impulse signal after accumulation ends.
Limitations
The indicator measures displacement intensity, not price direction prediction. Strong displacement can occur in both breakouts and fakeouts.
Volume data quality varies by instrument and exchange. Forex volume on TradingView represents tick volume, not true volume.
HTF bias uses request.security() which may produce different results on different chart types.
Divergence detection requires sufficient pivot history — it will not fire on the first few hundred bars of a chart.
Exhaustion signals are intentionally rare (require 3 bars above threshold + 3 bars declining). They may not fire in fast-moving markets.
The indicator works best on liquid instruments with consistent volume patterns.
Past displacement patterns do not guarantee future price movement.
Originality Statement
This indicator is original in its unified displacement measurement approach. While individual oscillators (BB %B, CCI, ROC, RSI) are well-known, this indicator is justified because:
It normalizes four oscillators to a common scale using methods appropriate to each (adaptive scaling for ROC, division-based for CCI, remapping for RSI and BB %B) — not simply averaging raw values
The volume-weighted displacement component integrates candle body analysis with volume intensity, creating a measure that distinguishes institutional candles from retail noise
Adaptive threshold bands based on the signal's own standard deviation replace unreliable fixed thresholds
The Displacement Decay Zone concept — identifying the transition from impulse to drift before the signal crosses zero — is not available in standard oscillators
The Accumulation Phase Detector applies Wyckoff-inspired consolidation detection to a composite momentum score rather than price
The Institutional Candle Grading system scores every bar on three dimensions simultaneously (body, volume, displacement alignment)
The Velocity Channel measures the rate of change of displacement itself — a second derivative that reveals acceleration and deceleration of institutional activity
The combination of all these features with a comprehensive dashboard creates a unified displacement analysis system not available in any single existing indicator
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell any financial instrument. Trading involves substantial risk of loss and is not suitable for all investors.
The displacement signal measures momentum intensity based on mathematical calculations of current and historical market data. It does not predict future price movement. High displacement does not guarantee profitable trades. Past displacement patterns do not guarantee future patterns.
Always use proper risk management, including stop losses and position sizing appropriate for your account size and risk tolerance. Never risk more than you can afford to lose.
The author is not responsible for any losses incurred from using this indicator. Users assume full responsibility for all trading decisions.
-Made with passion by officialjackofalltrades
Indicator
Indicator
Singularity Convergence Protocol [JOAT]Singularity Convergence Protocol
Introduction
The Singularity Convergence Protocol is an advanced open-source multi-system confluence strategy that combines eight distinct analytical methodologies into a unified trading system. This strategy integrates momentum analysis, Smart Money Concepts, velocity waves, liquidity tracking, trend detection, divergence analysis, volatility measurement, and institutional flow into a comprehensive decision-making engine that generates high-probability trading signals through systematic confluence scoring.
Unlike single-indicator strategies, the Singularity Convergence Protocol provides institutional-grade signal generation through multi-dimensional analysis, weighted confluence scoring, and adaptive risk management. The strategy is designed for traders who understand that the highest probability setups occur when multiple independent analytical systems align simultaneously, creating a "singularity" of confluence.
Why This Strategy Exists
This strategy addresses the critical challenge of signal reliability in algorithmic trading. By requiring confluence across multiple independent systems, it dramatically reduces false signals while identifying the highest probability setups. The strategy reveals:
System 1 - Momentum Analysis: Quantum Flux Oscillator methodology combining VFI, Laguerre RSI, Fisher Transform, TSI, MFI, OBV, and A/D
System 2 - Structure Detection: Smart Money Concepts including Order Blocks, Fair Value Gaps, Liquidity Levels, and Market Structure
System 3 - Velocity Waves: Multi-layer momentum spectrum with five EMA layers and ALMA enhancement
System 4 - Liquidity Tracking: Pivot-based liquidity detection with sweep confirmation
System 5 - Trend Analysis: Hull MA, SuperTrend, ADX, and moving average alignment
System 6 - Divergence Detection: Multi-oscillator divergence with RSI, MACD, TSI, and Stochastic
System 7 - Volatility Analysis: ATR, Bollinger Bands, Keltner Channels, Historical Volatility, and Squeeze detection
System 8 - Institutional Flow: CMF, MFI, OBV, VWAP, and A/D Line integration
Core Strategy Logic
1. Eight Independent Analytical Systems
Each system operates independently and generates binary signals (bullish/bearish):
Momentum System:
Calculates composite momentum from seven components
Generates bullish signal when momentum > 0 and rising
Generates bearish signal when momentum < 0 and falling
Score: +1 for bullish, -1 for bearish, 0 for neutral
Structure System:
Detects order blocks, FVGs, and market structure
Bullish when OB/FVG active + bullish structure + discount zone
Bearish when OB/FVG active + bearish structure + premium zone
Score: +1 for bullish, -1 for bearish, 0 for neutral
Velocity Wave System:
Analyzes five momentum layers with ALMA enhancement
Bullish when Basis 1 > Basis 2 and rising with spread > 5
Bearish when Basis 1 < Basis 2 and falling with spread < -5
Score: +1 for bullish, -1 for bearish, 0 for neutral
Liquidity System:
Tracks liquidity sweeps with volume confirmation
Bullish when SSL swept with volume surge
Bearish when BSL swept with volume surge
Score: +1 for bullish, -1 for bearish, 0 for neutral
Trend System:
Combines Hull MA, SuperTrend, ADX, and MA alignment
Bullish when Hull rising + SuperTrend bullish + ADX > 20 + MA alignment
Bearish when Hull falling + SuperTrend bearish + ADX > 20 + MA alignment
Score: +1 for bullish, -1 for bearish, 0 for neutral
Divergence System:
Detects divergences across RSI, MACD, TSI, and Stochastic
Bullish when regular bullish divergence with 2+ oscillator confluence
Bearish when regular bearish divergence with 2+ oscillator confluence
Score: +1 for bullish, -1 for bearish, 0 for neutral
Volatility System:
Measures volatility through ATR, BB Width, KC, HV, and Squeeze
Bullish when squeeze breakout upward with low volatility index
Bearish when squeeze breakout downward with low volatility index
Score: +1 for bullish, -1 for bearish, 0 for neutral
Institutional Flow System:
Tracks institutional positioning through CMF, MFI, OBV, VWAP, A/D
Bullish when flow index > 10 with CMF > 0 and MFI > 50
Bearish when flow index < -10 with CMF < 0 and MFI < 50
Score: +1 for bullish, -1 for bearish, 0 for neutral
2. Confluence Scoring System
The strategy employs two scoring methods:
Binary Signal Count:
Counts how many systems generate bullish signals (0-8)
Counts how many systems generate bearish signals (0-8)
Minimum signals required (default: 2) filters weak setups
Weighted Confluence Score:
Sums all system scores (range: -8 to +8)
Adds bonus points for extreme conditions:
- Extreme momentum regimes (+1)
- All velocity layers aligned (+1)
- 4/4 divergence confluence (+1)
- Volume surge with strong flow (+1)
Total score can exceed ±8 with bonuses
3. Entry Conditions
Two entry modes are available:
Standard Mode (Binary Count):
Long Entry: Bullish signals >= minimum AND bullish signals > bearish signals
Short Entry: Bearish signals >= minimum AND bearish signals > bullish signals
Simple and straightforward
Confluence Mode (Weighted Score):
Long Entry: Total bullish score >= minimum AND bullish score > bearish score
Short Entry: Total bearish score >= minimum AND bearish score > bullish score
Accounts for bonus conditions and extreme setups
4. Risk Management System
The strategy includes comprehensive risk management:
Position Sizing:
Risk per trade: Percentage of equity (default: 2%)
Position size calculated based on stop distance and risk percentage
Prevents over-leveraging on any single trade
Stop Loss Placement:
ATR-based stops: Stop distance = ATR × multiplier (default: 2.0)
Long stops: Entry price - (ATR × multiplier)
Short stops: Entry price + (ATR × multiplier)
Adapts to current volatility
Take Profit Targets:
Risk:Reward ratio (default: 2.0)
Target distance = Stop distance × R:R ratio
Long targets: Entry price + (Stop distance × R:R)
Short targets: Entry price - (Stop distance × R:R)
Trailing Stops:
Optional trailing stop (default: enabled)
Trail distance = ATR × trailing multiplier (default: 3.0)
Locks in profits as trade moves favorably
Adjusts to volatility changes
5. Visual Features
The strategy includes comprehensive visual elements:
Hull Moving Average: Primary trend line with dynamic coloring
SuperTrend Bands: Dynamic support/resistance levels
EMA Matrix: Three EMAs showing trend alignment
Order Block Boxes: Bullish and bearish OB zones
Fair Value Gap Boxes: FVG zones with dashed borders
Liquidity Lines: BSL and SSL levels with sweep tracking
Equilibrium Line: Premium/discount zone reference
Background Coloring: Regime indication (extreme bull/bear, squeeze, entry signals)
Information Dashboard: Real-time display of all metrics and scores
Dashboard Metrics
The comprehensive dashboard displays:
Bull/Bear Scores: Total confluence scores with signal counts
Volatility Index: Current volatility level and regime
Spread: Velocity wave spread indicating momentum strength
Flow Index: Institutional positioning measurement
Price Zone: Premium/discount position with percentage
Win Rate: Strategy performance with trade count
Position: Current position status (Long/Short/Flat)
Signal: Current signal status with confluence indication
Strategy Settings and Defaults
Backtest Configuration:
Initial Capital: $100,000
Position Size: 100% of equity (adjusted by risk management)
Commission: 0.1% per trade
Slippage: 2 ticks
Pyramiding: Disabled (one position at a time)
Risk Management Defaults:
Risk Per Trade: 2.0% of equity
Stop Loss: 2.0 × ATR
Take Profit: 2.0 × Risk (2:1 R:R)
Trailing Stop: Enabled, 3.0 × ATR
Strategy Defaults:
Minimum Signals: 2 (requires at least 2 systems to agree)
Use Confluence Scoring: Enabled (uses weighted scores)
Show Visual Features: Enabled (displays all chart elements)
How to Use This Strategy
Step 1: Configure Risk Parameters
Set risk per trade, stop loss ATR multiplier, and take profit R:R ratio based on your risk tolerance.
Step 2: Choose Entry Mode
Select standard mode (binary count) for simplicity or confluence mode (weighted scores) for advanced filtering.
Step 3: Set Minimum Signals
Higher minimum (3-4) = fewer but higher quality trades. Lower minimum (2) = more trades but lower quality.
Step 4: Enable Trailing Stops
Trailing stops lock in profits on winning trades. Adjust trailing ATR multiplier based on market volatility.
Step 5: Monitor Dashboard
Watch bull/bear scores in real-time. Scores >= 4 indicate strong confluence. Scores >= 6 indicate exceptional setups.
Step 6: Review Visual Confluence
Check that multiple visual elements align: trend, structure, liquidity, and flow should all confirm signal direction.
Step 7: Backtest Thoroughly
Test on multiple instruments and timeframes. Adjust parameters based on results. Aim for 100+ trades for statistical significance.
Best Practices
Use on liquid instruments (major forex, large-cap stocks, major crypto)
Test on multiple timeframes - higher timeframes generally more reliable
Increase minimum signals in choppy markets, decrease in trending markets
Monitor win rate - aim for 40%+ with 2:1 R:R for profitability
Adjust stop loss ATR multiplier based on instrument volatility
Use confluence mode for highest quality signals
Review dashboard before entering - ensure multiple systems align
Combine with higher timeframe analysis for additional confirmation
Be patient - wait for high confluence scores (4+) for best results
Respect the risk management - never override stop losses
Strategy Limitations
Requires sufficient historical data for all eight systems
May generate fewer signals than single-indicator strategies
Performance varies by instrument and timeframe
Backtesting results do not guarantee future performance
Slippage and commission can significantly impact results
Extreme market conditions may cause all systems to fail simultaneously
Requires regular monitoring and parameter adjustment
Not suitable for very low timeframes (< 5 minutes) due to noise
Input Parameters
Risk Management:
Risk Per Trade %: Percentage of equity to risk (default: 2.0%)
Stop Loss (ATR): ATR multiplier for stops (default: 2.0)
Take Profit (R:R): Risk:reward ratio (default: 2.0)
Use Trailing Stop: Enable trailing stops (default: enabled)
Trailing ATR: ATR multiplier for trailing (default: 3.0)
Strategy Settings:
Minimum Signals: Required system agreements (default: 2)
Use Confluence Scoring: Enable weighted scoring (default: enabled)
Show Visual Features: Display chart elements (default: enabled)
Originality Statement
This strategy is original in its comprehensive multi-system approach. While individual analytical methodologies are established concepts, this strategy is justified because:
It integrates eight distinct analytical systems into a unified decision-making engine
The confluence scoring system measures agreement across independent methodologies
Bonus scoring for extreme conditions identifies exceptional setups
Comprehensive risk management adapts to volatility and account size
Visual integration allows traders to verify confluence across multiple dimensions
The dashboard provides real-time transparency into all system states
Systematic approach removes emotional decision-making from trading
Strategy Performance Notes
When publishing this strategy, ensure you:
Use realistic account size (default: $100,000)
Include realistic commission (0.1%) and slippage (2 ticks)
Generate 100+ trades for statistical significance
Document all default settings in description
Explain risk management parameters clearly
Show results on multiple instruments/timeframes
Discuss limitations and market conditions where strategy works best
Never make unrealistic claims about future performance
Disclaimer
This strategy is provided for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell any financial instrument. Trading involves substantial risk of loss and is not suitable for all investors.
Past performance does not guarantee future results. Backtesting results are hypothetical and do not represent actual trading. Actual results may differ significantly from backtested results due to slippage, commission, market conditions, and execution differences.
The strategy combines multiple analytical systems, but no combination of indicators can predict future price movement with certainty. Market conditions change, and strategies that worked historically may not work in the future. Users must conduct their own analysis and risk assessment before using this strategy.
Always use proper risk management, including stop losses and position sizing appropriate for your account size and risk tolerance. Never risk more than you can afford to lose. Consider consulting with a qualified financial advisor before making investment decisions.
The author is not responsible for any losses incurred from using this strategy. Users assume full responsibility for all trading decisions made using this tool.
-Made with passion by officialjackofalltrades Strategy
Phantom Whale Hunter [JOAT]Phantom Whale Hunter
Introduction
The Phantom Whale Hunter is an advanced open-source institutional footprint tracking system that combines Chaikin Money Flow, Money Flow Index, On-Balance Volume, VWAP analysis, and Accumulation/Distribution to detect institutional buying and selling pressure. This indicator reveals when large institutional players (whales) are accumulating or distributing positions, providing traders with insights into smart money positioning before major price moves occur.
Unlike basic volume indicators, the Phantom Whale Hunter provides multi-dimensional institutional flow analysis through money flow calculations, volume-weighted analysis, cumulative volume tracking, and phase detection. The indicator is designed for traders who understand that institutional money moves markets and that detecting whale footprints early provides significant trading advantages.
Why This Indicator Exists
This indicator addresses the need for systematic institutional flow analysis. By combining five distinct money flow methodologies with phase detection, it reveals:
Chaikin Money Flow (CMF): Measures buying/selling pressure based on close position within range
Money Flow Index (MFI): Volume-weighted RSI showing money flow strength
On-Balance Volume (OBV): Cumulative volume indicator tracking institutional accumulation/distribution
VWAP Analysis: Volume-weighted average price with deviation bands
Accumulation/Distribution (A/D): Cumulative indicator measuring money flow into/out of security
Institutional Flow Index: Composite measure combining all five components
Phase Detection: Classifies market as Strong Accumulation, Accumulation, Neutral, Distribution, or Strong Distribution
Smart Money Divergence: Detects when price and flow move in opposite directions
Core Components Explained
1. Chaikin Money Flow (CMF)
CMF measures the relationship between close position and volume:
Money Flow Volume: ((Close - Low) - (High - Close)) / (High - Low) × Volume
CMF Calculation: Sum of MFV over period / Sum of volume over period
CMF Smoothing: 7-period EMA for noise reduction
Interpretation: CMF > 0 = buying pressure, CMF < 0 = selling pressure
CMF values above +0.1 indicate strong buying pressure, while values below -0.1 indicate strong selling pressure.
2. Money Flow Index (MFI)
MFI is a volume-weighted momentum indicator:
Typical Price: (High + Low + Close) / 3
Raw Money Flow: Typical Price × Volume
Positive Flow: Money flow when typical price rises
Negative Flow: Money flow when typical price falls
Money Ratio: Sum of positive flow / Sum of negative flow
MFI: 100 - (100 / (1 + Money Ratio))
MFI above 80 indicates overbought with high volume (potential distribution), while MFI below 20 indicates oversold with high volume (potential accumulation).
3. On-Balance Volume (OBV)
OBV tracks cumulative volume flow:
Calculation: Add volume on up days, subtract volume on down days
Cumulative: Running total from start of data
Normalization: Scaled to 0-100 range using 100-bar high/low
Zero-Centering: Subtract 50 for composite integration
Rising OBV with rising price confirms uptrend (accumulation). Falling OBV with rising price warns of distribution.
4. VWAP (Volume-Weighted Average Price)
VWAP calculates the average price weighted by volume:
Calculation: Sum(Typical Price × Volume) / Sum(Volume)
Daily Reset: VWAP resets at start of each trading day
Standard Deviation: Measures price dispersion from VWAP
Deviation Bands: VWAP ± (StdDev × Multiplier)
Price vs VWAP: Percentage distance from VWAP
Price above VWAP indicates bullish institutional positioning. Price below VWAP indicates bearish institutional positioning. Large deviations often mean-revert.
5. Accumulation/Distribution (A/D) Line
A/D measures cumulative money flow:
Money Flow Multiplier: ((Close - Low) - (High - Close)) / (High - Low)
Money Flow Volume: Multiplier × Volume
A/D Line: Cumulative sum of money flow volume
Smoothing: EMA smoothing (default 14) for trend identification
Normalization: Scaled to 0-100 range, then zero-centered
Rising A/D with rising price confirms accumulation. Falling A/D with rising price signals distribution (bearish divergence).
6. Institutional Flow Index Calculation
All five components are combined into a unified flow index:
Flow Index = (CMF × 50 + (MFI - 50) + (OBV - 50) + (A/D - 50)) / 4
This composite index ranges from approximately -50 to +50, with:
Flow Index > 30 = Strong institutional buying
Flow Index > 10 = Institutional buying
Flow Index -10 to +10 = Neutral/balanced
Flow Index < -10 = Institutional selling
Flow Index < -30 = Strong institutional selling
7. Phase Detection System
The indicator classifies institutional positioning into five phases:
Strong Accumulation (Phase 2): Flow Index > 30, CMF > 0.1, MFI > 50
Accumulation (Phase 1): Flow Index > 10, CMF > 0
Neutral (Phase 0): Flow Index between -10 and +10
Distribution (Phase -1): Flow Index < -10, CMF < 0
Strong Distribution (Phase -2): Flow Index < -30, CMF < -0.1, MFI < 50
Phase classification helps identify when institutions are actively positioning.
8. Smart Money Divergence Detection
Divergences occur when price and flow move in opposite directions:
Price Momentum: 14-period rate of change in price
Flow Momentum: 14-period rate of change in Flow Index
Bullish Divergence: Price falling (momentum < 0), Flow rising (momentum > 0)
Bearish Divergence: Price rising (momentum > 0), Flow falling (momentum < 0)
Smart money divergences indicate institutions positioning against current price trend, often preceding reversals.
9. Institutional Pressure Detection
The indicator identifies strong institutional buying/selling:
Buy Pressure: CMF > 0, MFI > 50, OBV > 50, Volume Surge
Sell Pressure: CMF < 0, MFI < 50, OBV < 50, Volume Surge
Volume Surge: Current volume > average volume × 2.25
Anti-Overlap: Minimum 25 bars between pressure signals
Institutional pressure with volume confirmation indicates significant whale activity.
10. Flow Velocity and Acceleration
The indicator tracks flow momentum:
Flow Velocity: Change in Flow Index (first derivative)
Flow Acceleration: Change in velocity (second derivative)
Accelerating flow indicates increasing institutional participation. Decelerating flow warns of waning institutional interest.
Visual Elements
Institutional Flow Line: Main line showing composite flow with phase-based coloring (green = accumulation, red = distribution, yellow = neutral)
Component Lines: Four thin lines showing CMF, MFI, OBV, and A/D (all normalized)
Zero Line: Horizontal line at zero
Threshold Lines: Dashed lines at +30 (strong accumulation), +10 (accumulation), -10 (distribution), -30 (strong distribution)
Zone Fills: Shaded areas above +30 (green) and below -30 (red)
Volume Surge Background: Purple background when volume surges occur
Smart Money Divergence Circles: Small circles marking divergence points
Institutional Pressure Triangles: Triangles marking strong buy/sell pressure
Flow Velocity Histogram: Shows rate of change in flow
Information Dashboard: Displays phase, flow index, CMF, MFI, OBV, A/D, volume ratio, price vs VWAP, flow velocity, and signal status
How to Use This Indicator
Step 1: Check Current Phase
Monitor the dashboard for institutional phase (Strong Accumulation, Accumulation, Neutral, Distribution, Strong Distribution).
Step 2: Analyze Flow Index
Flow Index > 20 = institutional buying, Flow Index < -20 = institutional selling. Trade in direction of institutional flow.
Step 3: Confirm with Components
Check CMF, MFI, OBV, and A/D for confirmation. All four positive = strongest accumulation signal.
Step 4: Monitor Volume Ratio
Volume surges (> 2x average) with positive flow confirm institutional buying. Volume surges with negative flow confirm institutional selling.
Step 5: Check Price vs VWAP
Price above VWAP with positive flow = bullish institutional positioning. Price below VWAP with negative flow = bearish institutional positioning.
Step 6: Watch for Smart Money Divergences
Divergences at extreme flow levels often precede reversals. Purple circles mark these critical points.
Step 7: Look for Institutional Pressure
Triangles mark strong institutional buy/sell pressure with volume confirmation. These are high-probability signals.
Best Practices
Trade in direction of institutional phase - don't fight whale positioning
Wait for Strong Accumulation/Distribution phases for highest conviction
Confirm flow signals with volume surges - flow without volume may be weak
Use smart money divergences as early reversal warnings
Monitor flow velocity - accelerating flow indicates increasing institutional participation
Combine with price action and support/resistance for entry timing
Be patient - institutional accumulation/distribution can take time
Use higher timeframe flow for stronger significance
Input Parameters
Chaikin Money Flow:
CMF Length: Period for CMF calculation (default: 20)
Money Flow Index:
MFI Length: Period for MFI calculation (default: 14)
MFI Overbought: Threshold for overbought (default: 80)
MFI Oversold: Threshold for oversold (default: 20)
Volume Configuration:
Volume MA Length: Period for average volume (default: 20)
Surge Threshold: Multiplier for volume surges (default: 2.0x)
Show Volume Profile: Toggle volume display (default: enabled)
VWAP Analysis:
VWAP Std Dev: Standard deviation multiplier (default: 2.0)
Accumulation/Distribution:
A/D Smoothing: EMA smoothing period (default: 14)
Phase Threshold: Threshold for phase classification (default: 0.5)
Visual Configuration:
Accumulation/Distribution/Neutral/Smart Money Colors: Customizable colors
Originality Statement
This indicator is original in its comprehensive institutional flow approach. While individual components (CMF, MFI, OBV, VWAP, A/D) are established concepts, this indicator is justified because:
It combines five distinct money flow methodologies into a unified institutional flow index
The phase detection system classifies institutional positioning systematically
Smart money divergence detection identifies when institutions position against price
Institutional pressure detection with volume confirmation reveals whale activity
Flow velocity and acceleration tracking predict institutional momentum changes
Integration of VWAP analysis provides institutional price positioning context
The comprehensive dashboard presents all institutional flow metrics simultaneously
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss. Institutional flow analysis does not guarantee profitable trades. Whale activity does not guarantee price direction. Always use proper risk management and never risk more than you can afford to lose.
-Made with passion by officialjackofalltrades Indicator
Turbulence Fractal Scanner [JOAT]Turbulence Fractal Scanner
Introduction
The Turbulence Fractal Scanner is an advanced open-source volatility chaos prediction engine that combines ATR, Bollinger Band Width, Keltner Channels, Historical Volatility, and Squeeze detection into a unified volatility analysis system. This indicator measures market turbulence across multiple dimensions, creating a comprehensive volatility index that reveals expansion/contraction cycles, squeeze conditions, and breakout predictions.
Unlike single-dimension volatility indicators, the Turbulence Fractal Scanner provides multi-layered volatility intelligence through percentile ranking, composite indexing, regime classification, and squeeze detection. The indicator is designed for traders who understand that volatility precedes price movement and that multi-dimensional volatility analysis provides early warning of significant market shifts.
Why This Indicator Exists
This indicator addresses the need for comprehensive volatility analysis that goes beyond simple ATR or Bollinger Bands. By combining five distinct volatility methodologies, it reveals:
ATR Analysis: Average True Range measures actual price movement volatility
Bollinger Band Width: Measures price dispersion relative to moving average
Keltner Channels: ATR-based bands for volatility envelope detection
Historical Volatility: Statistical measure of price returns volatility
Squeeze Detection: Identifies when Bollinger Bands contract inside Keltner Channels
Composite Volatility Index: Unified measure combining all five components
Regime Classification: Categorizes volatility as Low, Normal, High, or Squeeze
Breakout Prediction: Detects squeeze breakouts with directional bias
Core Components Explained
1. ATR (Average True Range) Analysis
ATR measures the average range of price movement:
True Range: Maximum of (high - low), (high - previous close), (previous close - low)
ATR Calculation: Moving average of true range over period (default 14)
ATR Smoothing: Additional EMA smoothing (default 7) reduces noise
ATR Percent: ATR divided by close, expressed as percentage
ATR Percentile: ATR ranked against 100-bar history (0-100 scale)
ATR percentile shows whether current volatility is high or low relative to recent history. High percentile (> 70) indicates elevated volatility, low percentile (< 30) indicates compressed volatility.
2. Bollinger Band Width Analysis
BB Width measures price dispersion:
Bollinger Bands: SMA ± (standard deviation × multiplier)
BB Width: (Upper band - Lower band) / Middle band × 100
BB Width Percentile: Current width ranked against 100-bar history
Narrow BB Width indicates low volatility and potential breakout setup. Wide BB Width indicates high volatility and potential mean reversion.
3. Keltner Channel Analysis
Keltner Channels use ATR for volatility bands:
Basis: EMA of close (default 20 periods)
Range: ATR × multiplier (default 1.5)
Upper/Lower: Basis ± Range
Keltner Channels adapt to volatility changes and are used in squeeze detection.
4. Squeeze Detection
Squeeze occurs when Bollinger Bands contract inside Keltner Channels:
Squeeze On: BB Lower > KC Lower AND BB Upper < KC Upper
Squeeze Off: Bands no longer contracted
Squeeze Breakout: Transition from Squeeze On to Squeeze Off
Breakout Direction: Determined by close comparison (close > close = bullish)
Squeezes indicate extreme volatility compression. Breakouts from squeezes often lead to significant directional moves.
5. Historical Volatility (HV) Calculation
HV measures statistical volatility of returns:
Returns: Logarithmic price changes (log(close / close ))
Standard Deviation: StdDev of returns over period (default 20)
Annualization: Multiply by sqrt(252) for annual volatility (optional)
HV Percentile: Current HV ranked against 100-bar history
HV provides a statistical measure of actual price volatility, complementing the technical measures (ATR, BB Width).
6. Composite Volatility Index
All three percentile measures are combined into a unified index:
Volatility Index = (ATR Percentile + BB Width Percentile + HV Percentile) / 3
This composite index provides a balanced view of volatility across multiple methodologies. Values range from 0 (extremely low volatility) to 100 (extremely high volatility).
7. Volatility Regime Classification
The indicator classifies volatility into four regimes:
Squeeze (Priority): When squeeze is active, regardless of volatility index
Low Volatility: Volatility Index < threshold (default 30)
Normal Volatility: Volatility Index between low and high thresholds (30-70)
High Volatility: Volatility Index > threshold (default 70)
Regime classification helps traders adapt strategies to current volatility conditions.
8. Volatility Trend Analysis
The indicator tracks volatility direction:
Volatility Trend: 5-period SMA of Volatility Index
Rising Volatility: Trend rising for 3+ consecutive bars
Falling Volatility: Trend falling for 3+ consecutive bars
Expansion: Volatility Index rising for 3+ consecutive bars
Contraction: Volatility Index falling for 3+ consecutive bars
Volatility trends help predict whether turbulence is increasing or decreasing.
9. Breakout Prediction System
The indicator predicts breakouts from squeeze conditions:
Squeeze Breakout: Detected when squeeze transitions from On to Off
Direction: Bullish if close > close , bearish if close < close
Volatility Confirmation: Best breakouts occur when Volatility Index < 40 (compressed)
Breakouts from low volatility squeezes often lead to sustained directional moves.
10. Turbulence Shift Detection
The indicator identifies regime changes:
Regime Shift: When volatility regime changes (Low ↔ Normal ↔ High ↔ Squeeze)
Anti-Overlap: Minimum 10 bars between shift signals
High Vol Entry: Shift into High Volatility regime
Low Vol Entry: Shift into Low Volatility regime
Regime shifts provide early warning of changing market conditions.
Visual Elements
Volatility Index Line: Main line showing composite volatility with regime-based coloring (purple = squeeze, red = high, cyan = low, yellow = normal)
Component Lines: Three thin lines showing ATR, BB Width, and HV percentiles
Volatility Trend Line: Step-line showing smoothed volatility trend
Threshold Lines: Horizontal lines at high (70) and low (30) thresholds, plus median (50)
Zone Fills: Shaded areas above high threshold (red) and below low threshold (cyan)
Squeeze Background: Purple background when squeeze is active
Breakout Signals: Triangles marking squeeze breakouts (cyan = bullish, red/orange = bearish)
Regime Shift Circles: Small circles marking regime transitions
Information Dashboard: Displays regime, volatility index, ATR/BB/HV percentiles, squeeze status, volatility trend, expansion/contraction, breakout status, ATR/BB values, and overall signal
How to Use This Indicator
Step 1: Check Volatility Regime
Monitor the dashboard for current regime (Squeeze, Low Vol, Normal, High Vol). Adapt strategy to regime.
Step 2: Monitor Volatility Index
Volatility Index < 30 = compressed (potential breakout setup)
Volatility Index > 70 = elevated (potential mean reversion or continuation)
Step 3: Watch for Squeeze Conditions
Purple background indicates squeeze. Prepare for breakout when squeeze ends.
Step 4: Identify Breakout Direction
When squeeze breakout occurs, triangle color shows direction (cyan = bullish, red = bearish).
Step 5: Check Volatility Trend
Rising volatility = increasing turbulence, falling volatility = calming conditions.
Step 6: Monitor Expansion/Contraction
Expanding volatility often precedes strong moves. Contracting volatility suggests consolidation.
Step 7: Use Regime Shifts as Alerts
Shifts into High Vol or Low Vol regimes provide early warning of changing conditions.
Best Practices
Trade breakouts from squeeze conditions with low volatility index (< 40)
Avoid trend-following strategies in high volatility regimes (> 70)
Use low volatility regimes (< 30) to prepare for breakout setups
Monitor all three components (ATR, BB, HV) for confirmation
Rising volatility in low regime warns of impending breakout
Falling volatility in high regime suggests consolidation ahead
Combine with trend indicators - volatility shows when, trend shows direction
Be cautious of false breakouts - wait for volatility confirmation
Input Parameters
ATR Configuration:
ATR Length: Period for ATR calculation (default: 14)
ATR Smoothing: EMA smoothing period (default: 7)
Bollinger Bands:
BB Length: Period for BB calculation (default: 20)
BB Multiplier: Standard deviation multiplier (default: 2.0)
Keltner Channels:
KC Length: Period for KC basis (default: 20)
KC Multiplier: ATR multiplier for bands (default: 1.5)
Historical Volatility:
HV Length: Period for HV calculation (default: 20)
Annualize HV: Convert to annual volatility (default: enabled)
Regime Thresholds:
Low Volatility: Threshold for low regime (default: 30)
High Volatility: Threshold for high regime (default: 70)
Visual Configuration:
Low/Normal/High/Squeeze Colors: Customizable regime colors
Originality Statement
This indicator is original in its comprehensive volatility analysis approach. While individual components (ATR, BB, KC, HV, Squeeze) are established concepts, this indicator is justified because:
It combines five distinct volatility methodologies into a unified composite index
Percentile ranking normalizes all components to a common 0-100 scale
The regime classification system categorizes volatility conditions systematically
Squeeze detection with breakout prediction provides actionable trading signals
Volatility trend and expansion/contraction analysis predict volatility direction
Turbulence shift detection identifies regime changes early
The comprehensive dashboard presents all volatility dimensions simultaneously
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss. Volatility analysis does not guarantee profitable trades. Low volatility does not guarantee breakouts. High volatility does not guarantee reversals. Always use proper risk management and never risk more than you can afford to lose.
-Made with passion by officialjackofalltrades Indicator
Divergence Constellation [JOAT]Divergence Constellation
Introduction
The Divergence Constellation is an advanced open-source multi-oscillator divergence detection system that combines RSI, MACD, TSI, and Stochastic analysis with sophisticated pivot detection and confluence scoring. This indicator identifies both regular and hidden divergences across multiple oscillators simultaneously, creating a constellation of divergence signals that reveal potential reversals and trend continuations with high probability.
Unlike single-oscillator divergence tools, the Divergence Constellation provides multi-dimensional divergence analysis through composite oscillator calculation, four-oscillator confluence scoring, regular and hidden divergence detection, and chart projection. The indicator is designed for traders who understand that divergences confirmed across multiple oscillators provide significantly higher probability setups than single-oscillator divergences.
Why This Indicator Exists
This indicator addresses the need for systematic multi-oscillator divergence analysis. By combining four distinct oscillators with confluence scoring, it reveals:
Regular Bullish Divergence: Price makes lower low, oscillators make higher low (reversal up signal)
Regular Bearish Divergence: Price makes higher high, oscillators make lower high (reversal down signal)
Hidden Bullish Divergence: Price makes higher low, oscillators make lower low (trend continuation up)
Hidden Bearish Divergence: Price makes lower high, oscillators make higher high (trend continuation down)
Confluence Scoring: Counts how many oscillators confirm the divergence (1-4 score)
Composite Oscillator: Unified oscillator combining all four components
Chart Projection: Divergence lines drawn on both oscillator pane and main chart
Core Components Explained
1. Four-Oscillator System
The indicator calculates four distinct oscillators, each providing unique momentum perspective:
RSI (Relative Strength Index):
Measures momentum by comparing average gains to average losses
Zero-centered (subtracts 50) for composite integration
Sensitive to overbought/oversold conditions
Default period: 14
MACD (Moving Average Convergence Divergence):
Measures relationship between two exponential moving averages
Histogram shows momentum acceleration/deceleration
Responsive to trend changes
Default periods: 12, 26, 9
TSI (True Strength Index):
Double-smoothed momentum indicator
Filters noise while preserving trend direction
Excellent for divergence detection
Default periods: 25, 13
Stochastic:
Compares close to recent high-low range
Zero-centered (subtracts 50) for composite integration
Identifies overbought/oversold extremes
Default periods: 14, 3
2. Composite Oscillator Calculation
All four oscillators are combined into a unified composite:
Composite = (RSI + MACD + TSI + Stochastic) / 4
This composite oscillator provides a balanced view of momentum across all four methodologies. Divergences are detected on the composite, then confirmed by checking individual oscillators.
3. Pivot Detection System
The indicator uses sophisticated pivot detection to identify divergence points:
Pivot Left/Right: Number of bars on each side for pivot confirmation (default: 5)
Price Pivots: Identifies swing highs and lows in price
Oscillator Pivots: Identifies swing highs and lows in each oscillator
Lookback Range: Min (5) to Max (60) bars for comparing pivots
Pivots must be confirmed (bars on both sides) before divergence analysis begins.
4. Regular Divergence Detection
Regular divergences signal potential reversals:
Regular Bullish Divergence:
Price makes lower low (current pivot low < previous pivot low)
Composite oscillator makes higher low (current pivot low > previous pivot low)
Indicates weakening downward momentum - potential reversal up
Best at oversold levels (composite < -20)
Regular Bearish Divergence:
Price makes higher high (current pivot high > previous pivot high)
Composite oscillator makes lower high (current pivot high < previous pivot high)
Indicates weakening upward momentum - potential reversal down
Best at overbought levels (composite > 20)
5. Hidden Divergence Detection
Hidden divergences signal trend continuation:
Hidden Bullish Divergence:
Price makes higher low (current pivot low > previous pivot low)
Composite oscillator makes lower low (current pivot low < previous pivot low)
Indicates strong underlying bullish momentum - trend continuation up
Confirms uptrend strength
Hidden Bearish Divergence:
Price makes lower high (current pivot high < previous pivot high)
Composite oscillator makes higher high (current pivot high > previous pivot high)
Indicates strong underlying bearish momentum - trend continuation down
Confirms downtrend strength
6. Confluence Scoring System
When a divergence is detected on the composite, the indicator checks all four individual oscillators:
Score 1/4: Only one oscillator confirms - weak divergence
Score 2/4: Two oscillators confirm - moderate divergence (minimum for signals)
Score 3/4: Three oscillators confirm - strong divergence
Score 4/4: All four oscillators confirm - extreme divergence (highest probability)
The minimum confluence score (default 2) filters out weak divergences that lack multi-oscillator confirmation.
7. Signal Generation Logic
Signals are generated only at extreme oscillator levels with anti-overlap logic:
Bullish Signals:
Regular bullish divergence detected
Composite oscillator < -20 (oversold)
Confluence score >= minimum (default 2)
At least 20 bars since last bullish signal (anti-overlap)
Bearish Signals:
Regular bearish divergence detected
Composite oscillator > 20 (overbought)
Confluence score >= minimum (default 2)
At least 20 bars since last bearish signal (anti-overlap)
Extreme Signals:
Confluence score = 4/4 (all oscillators confirm)
Composite at extreme levels (< -30 or > 30)
Displayed as diamond shapes for emphasis
8. Visual Divergence Lines
Divergence lines are drawn connecting pivot points:
Regular Divergences: Solid lines (green = bullish, red = bearish)
Hidden Divergences: Dashed lines (cyan = bullish, orange = bearish)
Oscillator Pane: Lines drawn on composite oscillator
Chart Projection: Lines also drawn on main price chart (optional)
Lines provide visual confirmation of the divergence pattern and help identify the exact pivot points involved.
Visual Elements
Four Oscillator Lines: Thick colored lines showing RSI (cyan), MACD (magenta), TSI (yellow), and Stochastic (green)
Composite Line: White line showing unified oscillator
Zero Line: Gray horizontal line at zero
Overbought/Oversold Zones: Shaded areas at +30/-30 levels
Divergence Lines: Solid/dashed lines connecting pivot points
Signal Triangles: Small triangles at signal generation points
Extreme Diamonds: Larger diamonds for 4/4 confluence signals
Information Dashboard: Displays composite position, confluence score, RSI/MACD/TSI/Stochastic status, composite value, divergence types, signal strength, extreme events, and overall verdict
How to Use This Indicator
Step 1: Monitor Composite Position
Check if composite oscillator is at extreme levels (> 30 overbought, < -30 oversold). Divergences at extremes have highest probability.
Step 2: Check Confluence Score
Look for confluence scores of 3/4 or 4/4. Higher scores indicate stronger divergence confirmation across multiple oscillators.
Step 3: Identify Divergence Type
Regular divergences signal reversals, hidden divergences signal trend continuation. Trade accordingly.
Step 4: Wait for Signal Confirmation
Don't trade divergence lines alone. Wait for signal triangles that confirm divergence meets all criteria (extreme level, confluence, anti-overlap).
Step 5: Look for Extreme Events
Diamond shapes indicate 4/4 confluence at extreme levels - highest probability setups.
Step 6: Confirm with Price Action
Use divergence signals as alerts, then confirm with price action, support/resistance, or other indicators before entering.
Step 7: Check Individual Oscillators
Dashboard shows status of each oscillator. All four overbought/oversold provides additional confirmation.
Best Practices
Trade only divergences with confluence score >= 2 (default minimum)
Focus on regular divergences at extreme levels (< -30 or > 30) for reversals
Use hidden divergences to confirm trend continuation, not as standalone entries
Wait for signal triangles - don't front-run divergence lines
4/4 confluence signals (diamonds) offer highest probability setups
Combine with support/resistance levels for additional confirmation
Avoid divergences in middle range (-20 to +20) - wait for extremes
Use higher timeframe divergences for stronger significance
Input Parameters
Pivot Detection:
Pivot Left: Bars to left of pivot (default: 5)
Pivot Right: Bars to right of pivot (default: 5)
Max Lookback: Maximum bars to compare pivots (default: 60)
Min Lookback: Minimum bars to compare pivots (default: 5)
Oscillator Configuration:
RSI Length: Period for RSI (default: 14)
MACD Fast: Fast EMA period (default: 12)
MACD Slow: Slow EMA period (default: 26)
MACD Signal: Signal line period (default: 9)
TSI Long: Long smoothing period (default: 25)
TSI Short: Short smoothing period (default: 13)
Stochastic K: K period (default: 14)
Stochastic D: D smoothing (default: 3)
Divergence Rules:
Show Regular Divergence: Toggle regular divergence detection (default: enabled)
Show Hidden Divergence: Toggle hidden divergence detection (default: enabled)
Min Confluence Score: Minimum oscillators that must confirm (default: 2)
Project on Chart: Draw divergence lines on main chart (default: enabled)
Visual Configuration:
Bullish/Bearish Divergence Colors: Colors for regular divergences
Hidden Bullish/Bearish Colors: Colors for hidden divergences
Originality Statement
This indicator is original in its multi-oscillator confluence approach. While individual oscillators and divergence concepts are established, this indicator is justified because:
It combines four distinct oscillators into a unified composite system
The confluence scoring system measures divergence strength across multiple oscillators
Automatic detection of both regular and hidden divergences with pivot analysis
Signal generation includes extreme level filtering and anti-overlap logic
Chart projection allows divergence visualization on both oscillator and price chart
The comprehensive dashboard presents all oscillator states and divergence metrics simultaneously
Integration of multiple oscillator perspectives creates higher probability divergence signals
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss. Divergence analysis does not guarantee profitable trades or reversals. Past divergences do not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.
-Made with passion by officialjackofalltrades Indicator
Elliott Wave Detector PRO [TGTBTB]Elliott Wave Advanced v3 — Validated Wave Counting with Pattern Detection
A word before you start
Elliott Wave is supposedly one of the most powerful frameworks in technical analysis — and also one of the most difficult to apply correctly. The theory involves layers of rules, guidelines, pattern variations, and degree relationships that even experienced practitioners argue about. Automating it is genuinely hard, and no indicator (including this one) will get every count right every time. I felt like banging my head onto my desk more than once while trying to translate the rules into code....
What I tried to do here is capture the core rules and guidelines as faithfully as possible and make them accessible in a way that keeps things honest. The indicator won't show you a wave count unless it actually passes validation. That means you'll sometimes stare at a chart full of dot markers with no labels — and that's a feature, not a bug. I'd rather tell you "I don't know" than confidently show you something wrong.
I've put serious effort into getting the rule enforcement, pattern detection, and Fibonacci relationships right, but Elliott Wave will always involve interpretation. Treat this as a tool that tries to take the objective parts of the theory off your shoulders so you can focus on the parts that require judgment.
I deliberately made this indicator open source because I am not an Elliott Wave expert. So if you notice anything that is absolutely wrong according to the rulebook of Elliott Wave leave a message below or contact me directly so I can bug fix this indicator. The goal is to make Elliott Wave theory accessible to everyone.
What differentiates this indicator from other Elliot Wave indicators
This indicator attempts to solve the biggest problem with Elliott Wave analysis on charts: most auto-labelers just slap wave numbers onto every swing without checking if the count is actually valid.
Elliott Wave theory has three rules that cannot be broken. Ever. If your wave count violates any of them, it's wrong — no discussion. This indicator enforces all three before putting a single label on your chart:
1. Wave 2 never retraces beyond the start of Wave 1
2. Wave 3 is never the shortest among waves 1, 3, and 5
3. Wave 4 does not enter Wave 1's price territory (unless it's a diagonal)
If the pivots on your chart don't satisfy these rules, you won't see wave numbers — you'll see neutral dot markers instead. That's intentional. I'd rather show you nothing than show you a wrong count. Too many indicators out there label every zig-zag as "wave 3" and give people false confidence. This one stays quiet when it's not sure.
Pattern Detection
The indicator identifies five pattern types:
Impulse (5-wave motive) — Five alternating swings validated against all three cardinal rules, with confidence scoring based on Fibonacci proportions between the waves. Wave 3 at 1.618x Wave 1 - a high-confidence impulse. Wave 3 barely longer than Wave 1? Still valid, but lower confidence, which gets reflected by the score
Diagonal (Leading / Ending) — Same five-wave structure, but with the key difference that Wave 4 overlaps Wave 1. The indicator checks for a converging wedge shape and progressively shorter waves. These show up at the start or end of larger wave sequences and are easy to miscount as impulses if you're not checking for overlap.
Zigzag (A-B-C sharp correction) — Three-wave correction where Wave B typically retraces 38-79% of Wave A, and Wave C often equals Wave A in length. The indicator validates B doesn't exceed A's origin and C reaches beyond A's end.
Flat (Regular & Expanded) — Wave B retraces almost all of Wave A (or exceeds it in an expanded flat), and Wave C approximates Wave A's length. The indicator distinguishes between regular flats (B ≈ 100% of A) and expanded flats (B > 105% of A) because they have different trading implications.
Contracting Triangle (A-B-C-D-E) — Five-wave sideways pattern with converging boundaries. Each successive wave should be shorter than the previous one. The indicator checks that highs are declining and lows are rising, and requires at least 3 out of 4 contraction relationships to hold (real markets aren't always perfectly geometric).
Guidelines
Elliott Wave has rules (hard constraints) and guidelines (soft constraints that affect probability). This indicator checks both of them:
Alternation — If Wave 2 is a sharp, deep correction, Wave 4 should be a shallow, sideways one, and vice versa. The indicator classifies each correction based on retracement depth and duration relative to the preceding impulse, then checks whether waves 2 and 4 have different character. This isn't a dealbreaker if it fails, but it affects the confidence score and is shown on the info panel (✓ or ✗).
Sub-wave structure — Motive waves (1, 3, 5) should subdivide into 5 sub-waves internally, while corrective waves (2, 4) should subdivide into 3. The indicator counts secondary pivots within each primary wave's time range and checks if the internal structure is consistent with what Elliott Wave theory expects. Again, not a hard gate, but it influences confidence scoring.
Fibonacci Analysis
The Fibonacci levels are calculated with proper anchor points:
Retracements are projected from the last completed wave — showing where the current correction might find support/resistance.
Extensions use the correct Elliott Wave method: the prior impulse wave's length is projected from the corrective wave's end. So if you've completed waves 1-2, the Wave 3 target is projected as a 1.618 extension of Wave 1's length measured from Wave 2's end. Not from some arbitrary reference point.
When a validated pattern exists, the extension anchors are taken directly from the identified wave structure. When there's no confirmed pattern, it falls back to geometric pivot-based projection (and tells you so).
The Forecast Panel
I made a deliberate design choice for this: the forecast is gated behind pattern confirmation.
If the indicator has identified a validated impulse, zigzag, flat, triangle, or diagonal, the forecast panel shows "CONFIRMED" and provides wave-structure-aware targets and scenarios. After a completed correction, it projects the next impulse in the correct direction. After a completed impulse, it anticipates the corrective phase.
If no pattern has been validated, the forecast shows "UNCONFIRMED" and limits itself to cautious directional observations based on raw pivot geometry. No wave labels, no "Wave 3 starting!" claims, but a honest reporting of what the price structure looks like without pretending to know more than it does.
The projection lines on the chart reflect this too — confirmed forecasts get solid, visible projections; unconfirmed ones are thinner and more transparent.
Trade Signals
Three signal types, all requiring some degree of pattern confirmation:
-Wave 3 Entry — Fires after a valid Wave 2 retracement (38.2-78.6%) when the indicator has at least moderate confidence in the count
- Wave 5 Exit — Triggers when momentum is waning in a confirmed impulse (last wave significantly shorter than the overall move)
- Wave C Reversal — Signals when a validated zigzag or flat correction is complete and the reversal should begin
Signals won't fire on an unconfirmed wave count. If the indicator isn't sure what wave you're in, it won't pretend to give you entries.
Settings & Tuning
Swing Detection — The two most important inputs. "Primary Wave Swing Length" controls how many bars are needed to confirm a major swing (lower = more sensitive, more pivots, more patterns detected but potentially noisier). "Min Swing %" sets the minimum percentage move to qualify as a primary wave — for crypto on daily timeframes, 5-10% works well. For forex or equities you'll want to bring this down.
Sub-Wave Swing Length — Controls the secondary pivot detection used for internal structure validation. Keep this lower than the primary setting.
Everything else in the settings is display-related and fairly self-explanatory. Colors, text sizes, which elements to show/hide.
What this is NOT
This is not a crystal ball. Elliott Wave analysis is inherently subjective — two analysts can look at the same chart and produce different valid counts. What this indicator does is enforce the objective constraints of the theory and give you a probabilistic assessment of which pattern best fits the current structure.
It works best on higher timeframes (4H, Daily, Weekly) where the swing structure is cleaner. On 1-minute charts you'll mostly see dot markers because the noise rarely resolves into validated patterns — and that's the indicator doing its job correctly.
Use it alongside your other analysis. The wave count gives you context for where you are in the cycle. The Fibonacci levels give you targets. The signals give you timing. But none of it replaces risk management and position sizing. Indicator
Velocity Spectrum Analyzer [JOAT]Velocity Spectrum Analyzer
Introduction
The Velocity Spectrum Analyzer is an advanced open-source momentum wave system that combines Munich Wave methodology with ALMA enhancement and multi-basis momentum tracking. This indicator analyzes momentum across five distinct velocity layers, creating a spectrum of momentum waves that reveal trend strength, regime shifts, and momentum alignment across multiple timeframes.
Unlike single-line momentum indicators, the Velocity Spectrum Analyzer provides multi-dimensional momentum analysis through layered EMA calculations, ALMA enhancement, regime classification, and spread analysis. The indicator is designed for traders who understand that momentum flows in waves and that multi-layer alignment signals institutional conviction.
Why This Indicator Exists
This indicator addresses the need for multi-dimensional momentum analysis. By combining five momentum layers with ALMA enhancement and regime detection, it reveals:
Five Velocity Layers: Fast (9), Medium (21), Slow (55), Very Slow (100), and Ultra Slow (200) EMAs create a momentum spectrum
ALMA Enhancement: Arnaud Legoux Moving Average provides adaptive smoothing with reduced lag
Basis Calculations: Averages between EMA layers create intermediate momentum levels
Regime Classification: Extreme Bull/Bear detection using Bollinger-style bands
Spread Analysis: Distance between fast and slow layers measures momentum strength
Wave State Detection: All layers bullish or bearish signals strong directional momentum
Background Coloring: Visual regime indication shows extreme conditions
Core Components Explained
1. Core Momentum Calculation
The indicator starts with basic momentum (current close minus close N bars ago), then applies ALMA for adaptive smoothing:
The ALMA offset (default 0.85) and sigma (default 6) parameters control the balance between responsiveness and smoothness. Higher offset values shift the average toward recent prices, while higher sigma values increase smoothness.
2. Five EMA Layers
Five EMAs are calculated on the momentum values:
Fast EMA (9): Captures short-term momentum shifts
Medium EMA (21): Tracks intermediate momentum trends
Slow EMA (55): Identifies primary momentum direction
Very Slow EMA (100): Reveals long-term momentum bias
Ultra Slow EMA (200): Shows institutional momentum positioning
Each layer responds at different speeds, creating a spectrum of momentum perspectives.
3. Basis Calculations
Five basis levels are calculated as averages between EMA layers:
Basis 1: Average of Fast and Medium EMAs
Basis 2: Average of Medium and Slow EMAs
Basis 3: Average of Slow and Very Slow EMAs
Basis 4: Average of Very Slow and Ultra Slow EMAs
Basis 5: Average of Ultra Slow and Fast EMAs (wraps around)
These basis levels create intermediate momentum zones that smooth transitions between layers.
4. Trend Classification Functions
Two functions classify momentum direction:
Growing: Momentum > basis (bullish momentum)
Falling: Momentum <= basis AND momentum <= ALMA (bearish momentum)
Each basis is classified independently, creating five separate momentum assessments.
5. Regime Detection with Bollinger-Style Bands
The indicator calculates bands around the average of all five basis levels:
Origin: SMA of basis average (default 25 periods)
Deviation: Standard deviation multiplied by factor (default 6.0)
Top Band: Origin + deviation (extreme bullish threshold)
Bottom Band: Origin - deviation (extreme bearish threshold)
When basis 1 and ALMA both exceed the top band with rising momentum, the indicator signals extreme bullish conditions. When both fall below the bottom band with falling momentum, it signals extreme bearish conditions.
6. Mean Range Calculation
A long-term mean range (default 415 bars) tracks the highest and lowest basis average values. The center of this range serves as a reference point for ALMA positioning. When ALMA is above the center mean with all layers bullish, strong upward momentum is confirmed.
7. Wave State Analysis
The indicator tracks when all five basis levels are simultaneously bullish or bearish:
All Bullish: All five basis levels show growing momentum - strong uptrend
All Bearish: All five basis levels show falling momentum - strong downtrend
Mixed: Some layers bullish, some bearish - transitional or choppy conditions
Wave state alignment indicates institutional conviction across all momentum timeframes.
8. Spread Calculation
The spread between Basis 1 (fastest) and Basis 5 (slowest) measures momentum divergence:
Positive Spread (> 10): Fast momentum exceeds slow momentum - bullish acceleration
Negative Spread (< -10): Fast momentum below slow momentum - bearish acceleration
Extreme Spread (> 20 or < -20): Very strong momentum divergence - potential exhaustion
Large spreads indicate strong directional momentum, while narrowing spreads warn of momentum loss.
Visual Elements
Five Velocity Layer Lines: Thick colored lines showing each basis level with dynamic coloring (cyan = bullish, yellow = bearish, white = neutral)
ALMA Enhanced Line: Separate line showing ALMA-adjusted momentum with tri-color scheme
Wave State Line: Zero line colored based on overall wave state
Background Regime: Red background for extreme bull, green background for extreme bear
Information Dashboard: Displays wave state, regime, spread, ALMA position, momentum value, layer alignment, and signal status
Signal Generation
The indicator generates four types of signals:
Lean Short: Bearish crossover with falling Basis 1 and 2, spread <= -10
Maybe Buy: Bearish crossover with falling Basis 1 and 2, extreme bear regime, spread <= -20 (oversold)
Lean Long: Bullish crossover with growing Basis 1 and 2, spread >= 10
Maybe Sell: Bullish crossover with growing Basis 1 and 2, extreme bull regime, spread >= 20 (overbought)
Additional signals:
All Aqua: All layers bullish for 4+ consecutive bars - strong uptrend confirmation
All Yellow: All layers bearish for 4+ consecutive bars - strong downtrend confirmation
How to Use This Indicator
Step 1: Check Wave State
Monitor the dashboard for wave state (All Bullish, All Bearish, or Mixed). Trade in the direction of wave state alignment.
Step 2: Analyze Regime
Watch for extreme bull/bear regimes (red/green backgrounds). These often precede reversals or strong continuation moves.
Step 3: Monitor Spread
Large spreads (> 20 or < -20) indicate strong momentum but potential exhaustion. Narrowing spreads warn of momentum loss.
Step 4: Check ALMA Position
ALMA above center mean with bullish layers confirms uptrend. ALMA below center mean with bearish layers confirms downtrend.
Step 5: Count Layer Alignment
The dashboard shows how many layers are bullish (X/5). 5/5 bullish = strongest uptrend, 0/5 bullish = strongest downtrend.
Step 6: Wait for Signal Confirmation
Lean Long/Short signals work best when wave state aligns. Maybe Buy/Sell signals at extremes offer reversal opportunities.
Best Practices
Trade with wave state alignment, not against it
Use extreme regimes as reversal warnings, not continuation signals
Monitor spread for momentum strength - large spreads indicate strong trends
Wait for all layers to align (5/5) before taking aggressive positions
Use Maybe Buy/Sell signals only at extreme regimes with high spread
Combine with price action - momentum shows intent, price shows result
Be cautious when layers are mixed (2/5 or 3/5) - indicates choppy conditions
Watch for spread narrowing as early warning of trend exhaustion
Input Parameters
Momentum Engine:
Source: Price input (default: close)
Momentum Length: Period for momentum calculation (default: 21)
ALMA Offset: Offset parameter for ALMA (default: 0.85)
ALMA Sigma: Sigma parameter for ALMA (default: 6)
Momentum Layers:
Fast EMA: Short-term momentum (default: 9)
Medium EMA: Intermediate momentum (default: 21)
Slow EMA: Primary momentum (default: 55)
Very Slow EMA: Long-term momentum (default: 100)
Ultra Slow EMA: Institutional momentum (default: 200)
Regime Classification:
Mean Lookback: Period for mean range (default: 415)
StdDev Length: Period for standard deviation (default: 25)
StdDev Multiplier: Band width multiplier (default: 6.0)
Background Offset: Shift background display (default: 0)
Visual Configuration:
Bullish Color: Color for bullish momentum (default: cyan)
Bearish Color: Color for bearish momentum (default: yellow)
Neutral Color: Color for neutral momentum (default: white)
Enable Alerts: Toggle alert conditions (default: enabled)
Originality Statement
This indicator is original in its multi-layer momentum approach. While individual components (EMAs, ALMA, momentum) are established concepts, this indicator is justified because:
It combines five distinct momentum layers into a unified spectrum analysis
The basis calculation system creates intermediate momentum zones between layers
ALMA enhancement provides adaptive smoothing with reduced lag
Regime detection using Bollinger-style bands on basis average identifies extremes
Wave state analysis tracks alignment across all five layers simultaneously
Spread calculation measures momentum divergence between fast and slow layers
The comprehensive dashboard presents all momentum dimensions simultaneously
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss. Momentum analysis does not guarantee profitable trades. Past momentum patterns do not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.
-Made with passion by officialjackofalltrades Indicator
Quantum Flux Oscillator [JOAT]Quantum Flux Oscillator
Introduction
The Quantum Flux Oscillator is an advanced open-source momentum detection system that synthesizes six distinct analytical methodologies into a unified institutional-grade oscillator. This indicator combines Volume Flux Indicator (VFI), Laguerre RSI, Fisher Transform, True Strength Index (TSI), Money Flow Index (MFI), and On-Balance Volume (OBV) with Accumulation/Distribution analysis to create a comprehensive momentum engine that reveals institutional positioning and market regime shifts.
Unlike traditional single-dimension oscillators, the Quantum Flux Oscillator provides multi-layered momentum intelligence through weighted composite calculations, regime classification, velocity tracking, and divergence detection. The indicator is designed for traders who understand that momentum precedes price and that institutional footprints can be detected through systematic multi-indicator confluence.
Why This Indicator Exists
This indicator addresses a critical gap in momentum analysis: the ability to detect institutional momentum shifts before they become obvious to retail traders. By combining multiple momentum methodologies with volume-weighted analysis, this indicator reveals:
Volume Flux Intelligence: Detects unusual volume-price relationships that signal institutional activity
Laguerre RSI: Zero-centered adaptive RSI that responds faster to price changes while filtering noise
Fisher Transform: Converts momentum into a Gaussian normal distribution for clearer extreme identification
True Strength Index: Double-smoothed momentum that separates genuine trends from noise
Money Flow Analysis: Tracks buying and selling pressure through volume-weighted price movements
Volume Confirmation: Integrates OBV and A/D Line to confirm momentum with volume flow
Regime Classification: Categorizes market conditions as Extreme Bull, Bullish, Neutral, Bearish, or Extreme Bear
Multi-Timeframe Alignment: Confirms momentum across higher timeframes for conviction measurement
Each component provides a different perspective on momentum. VFI shows volume-driven momentum, Laguerre RSI shows adaptive momentum, Fisher Transform shows statistical extremes, TSI shows smoothed directional momentum, MFI shows money flow momentum, and OBV/A/D show cumulative volume momentum. Together, they create a comprehensive view of institutional momentum positioning.
Core Components Explained
1. Volume Flux Indicator (VFI)
VFI measures the relationship between price movement and volume to identify institutional accumulation or distribution. The calculation uses logarithmic price changes and volume cutoffs to filter significant moves:
The indicator classifies volume-price relationships by comparing actual volume against average volume with a cutoff threshold. When price moves significantly with volume above the cutoff, it signals institutional participation. VFI is scaled and smoothed to create a momentum baseline that responds to volume-confirmed price movements.
2. Laguerre RSI (Zero-Centered)
Laguerre RSI applies a four-stage Laguerre filter to price data, creating an adaptive RSI that responds faster to recent price changes while maintaining smoothness. The zero-centered output ranges from -50 to +50, making it easier to identify bullish and bearish momentum:
The Laguerre filter uses a gamma parameter (default 0.4) to control responsiveness. Lower gamma values create faster response, while higher values create smoother output. The zero-centered format allows direct comparison with other momentum components.
3. Fisher Transform
The Fisher Transform converts the composite momentum into a Gaussian normal distribution, making extreme values more identifiable. This transformation compresses the middle range and expands the tails, creating clearer overbought and oversold signals:
The Fisher Transform output oscillates around zero with extreme values typically beyond +2 and -2. These extremes often precede reversals as momentum reaches unsustainable levels.
4. True Strength Index (TSI)
TSI applies double exponential smoothing to price momentum, creating a smooth oscillator that filters out short-term noise while preserving trend direction. The calculation uses two EMA periods (default 25 and 13) to separate signal from noise:
TSI values above zero indicate bullish momentum, while values below zero indicate bearish momentum. The double smoothing reduces whipsaws while maintaining responsiveness to genuine momentum shifts.
5. Money Flow Index (MFI)
MFI is a volume-weighted RSI that measures buying and selling pressure. It calculates the ratio of positive money flow (volume on up days) to negative money flow (volume on down days):
MFI values above 80 indicate overbought conditions with high volume, while values below 20 indicate oversold conditions with high volume. The indicator normalizes MFI to a zero-centered scale for integration with other components.
6. On-Balance Volume (OBV) and Accumulation/Distribution (A/D)
OBV and A/D track cumulative volume flow to confirm momentum direction. OBV adds volume on up days and subtracts on down days, while A/D weights volume by the close's position within the day's range:
Both indicators are normalized to a 0-100 scale and then zero-centered for composite integration. Rising OBV/A/D with rising momentum confirms institutional accumulation, while falling OBV/A/D with rising price warns of distribution.
Quantum Flux Core Calculation
The Quantum Flux Core combines all components using weighted averaging:
Quantum Flux = (VFI × 0.20) + (Laguerre RSI × 0.20) + (Fisher × 0.15) + (TSI × 0.15) + (MFI × 0.10) + (OBV × 0.10) + (A/D × 0.05) + (CMF × 0.05)
This weighted approach emphasizes volume-driven components (VFI, Laguerre) while incorporating smoothed momentum (Fisher, TSI) and volume confirmation (MFI, OBV, A/D, CMF). The result is smoothed with an EMA to create the final Quantum Flux line.
Regime Classification System
The indicator classifies market conditions into five regimes based on Quantum Flux levels:
Extreme Bull (QF > 35): Institutional buying pressure at extreme levels, potential exhaustion
Bullish (QF > 25): Strong bullish momentum with institutional participation
Neutral (-25 < QF < 25): Balanced conditions, no clear institutional bias
Bearish (QF < -25): Strong bearish momentum with institutional selling
Extreme Bear (QF < -35): Institutional selling pressure at extreme levels, potential capitulation
Regime shifts often precede significant price moves as institutional positioning changes. The indicator tracks regime changes and generates signals when momentum confirms directional bias.
Multi-Timeframe Alignment
The indicator requests Quantum Flux data from three customizable higher timeframes (default: 5m, 15m, 60m) and calculates alignment:
Strong Aligned (3/3): All timeframes show bullish/bearish momentum - high conviction
Aligned (2/3): Majority timeframes confirm - moderate conviction
Weak (1/3): Only one timeframe confirms - low conviction
No Alignment (0/3): No timeframe confirmation - conflicting signals
Strong alignment across multiple timeframes indicates institutional participation at scale, as large orders are often split across timeframes to minimize market impact.
Velocity and Acceleration Tracking
The indicator calculates momentum velocity (rate of change) and acceleration (change in velocity):
Velocity: Current Quantum Flux minus previous bar's value
Acceleration: Current velocity minus previous velocity (second derivative)
Accelerating momentum often precedes breakouts as institutional orders hit the market. Decelerating momentum warns of potential reversals or consolidation.
Visual Elements
Quantum Flux Line: Main oscillator with regime-based color coding (cyan = extreme bull, aqua = bullish, yellow = neutral, red = bearish, magenta = extreme bear)
Threshold Lines: Horizontal lines at +35 (extreme overbought), +25 (overbought), 0 (zero line), -25 (oversold), -35 (extreme oversold)
Velocity Histogram: Shows momentum velocity with color-coded bars (green = rising, red = falling)
Acceleration Columns: Displays momentum acceleration to identify momentum shifts early
Regime Strength Bars: Visual regime indicator showing current market condition strength
Gradient Glow Effect: Multiple layered fills create a glowing effect that emphasizes momentum intensity
Information Dashboard: Comprehensive table displaying all metrics in real-time with color-coded cells
The dashboard displays 10 key metrics: Regime, Flux Value, HTF Confirmation, MFI, CMF, Velocity, Divergence, Volume, and Signal status.
Signal Generation
The indicator generates two types of signals:
Primary Reversal Signals:
Bullish Reversal: Quantum Flux in extreme oversold (< -35), rising momentum, positive velocity acceleration, and HTF confirmation
Bearish Reversal: Quantum Flux in extreme overbought (> 35), falling momentum, negative velocity acceleration, and HTF confirmation
Momentum Crossover Signals:
Bullish Momentum: Quantum Flux crosses above -25 (oversold threshold) with positive velocity and volume confirmation
Bearish Momentum: Quantum Flux crosses below +25 (overbought threshold) with negative velocity and volume confirmation
Signals include anti-overlap logic to prevent signal clustering and ensure clean chart presentation.
Divergence Detection
The indicator detects both regular and hidden divergences between price and Quantum Flux:
Regular Bullish Divergence: Price makes lower low, Quantum Flux makes higher low (potential reversal up)
Regular Bearish Divergence: Price makes higher high, Quantum Flux makes lower high (potential reversal down)
Hidden Bullish Divergence: Price makes higher low, Quantum Flux makes lower low (trend continuation up)
Hidden Bearish Divergence: Price makes lower high, Quantum Flux makes higher high (trend continuation down)
Divergences are drawn with clean lines (solid for regular, dashed for hidden) without text clutter.
How to Use This Indicator
Step 1: Monitor Regime Classification
Watch for regime shifts between Extreme Bear, Bearish, Neutral, Bullish, and Extreme Bull. Regime changes often precede significant price moves.
Step 2: Check Multi-Timeframe Alignment
Strong alignment (3/3) across timeframes confirms institutional conviction. Weak or no alignment suggests retail-driven moves that may lack follow-through.
Step 3: Analyze Velocity and Acceleration
Accelerating momentum (positive acceleration) often precedes breakouts. Decelerating momentum (negative acceleration) warns of potential reversals.
Step 4: Look for Divergences
Regular divergences at extreme levels (QF > 35 or < -35) often signal reversals. Hidden divergences confirm trend continuation.
Step 5: Confirm with Volume Metrics
Check MFI, CMF, OBV, and A/D for confirmation. Rising volume metrics with rising Quantum Flux confirms institutional accumulation.
Step 6: Wait for Signal Confirmation
Primary reversal signals at extreme levels with HTF confirmation provide highest probability setups. Momentum crossover signals work best in trending markets.
Best Practices
Use on liquid instruments (major forex pairs, large-cap stocks, major crypto) for most reliable signals
Combine with price action analysis - momentum shows intent, price shows result
Pay attention to extreme levels (QF > 35 or < -35) as these often precede reversals
MTF alignment is most reliable in trending markets, less reliable in choppy conditions
Extreme momentum can persist longer than expected during strong trends - use stops
Look for momentum divergences at key support/resistance levels for highest probability setups
Monitor velocity and acceleration for early warning signs of momentum shifts
Use the dashboard to quickly assess overall market condition and signal status
Indicator Limitations
Momentum analysis works best on liquid instruments with consistent volume patterns
Low-volume instruments or off-market hours can produce unreliable readings
MTF alignment requires sufficient data on all timeframes - may not work on newly listed instruments
Momentum precedes price but doesn't guarantee direction - high momentum can occur on both breakouts and fakeouts
Extreme momentum levels can persist longer than expected during major news events or market dislocations
The indicator shows what is happening, not why - fundamental catalysts can override technical momentum patterns
Divergences are more reliable at extreme levels than in neutral zones
Multiple components mean the indicator can be slower to respond than single-component oscillators
Input Parameters
Core Engine:
Primary Length: Period for momentum calculations (default: 14)
Smoothing Period: EMA smoothing for final output (default: 7)
Sensitivity Factor: Multiplier for Fisher Transform input (default: 1.5)
Volume Flux Engine:
VFI Coefficient: Cutoff multiplier for significant moves (default: 0.2)
Volume Cutoff: Maximum volume multiplier (default: 2.5)
Scale Multiplier: VFI output scaling (default: 4.0)
Laguerre Transform:
Gamma: Responsiveness parameter (default: 0.4, lower = faster)
Threshold Zones:
Extreme Overbought: Upper extreme threshold (default: 35)
Overbought: Upper threshold (default: 25)
Oversold: Lower threshold (default: -25)
Extreme Oversold: Lower extreme threshold (default: -35)
Money Flow & Volume:
MFI Length: Period for Money Flow Index (default: 14)
OBV Smoothing: Smoothing period for OBV (default: 14)
A/D Smoothing: Smoothing period for A/D Line (default: 14)
Multi-Timeframe Analysis:
Enable Higher Timeframe: Toggle MTF calculations (default: enabled)
HTF Timeframe 1/2/3: Customizable timeframes (default: 5m, 15m, 60m)
Visual Configuration:
Color Theme: Choose from Gradient Glow, Professional Dark, Neon Spectrum, or Institutional Grey
Bullish/Bearish Spectrum: Customizable colors for momentum direction
Glow Layers: Number of gradient layers for glow effect (default: 20)
Show Divergence: Toggle divergence detection (default: enabled)
Show Volume Profile: Toggle volume profile histogram (default: enabled)
Technical Implementation
Built with Pine Script v6 using:
Custom VFI calculations with logarithmic price changes and volume cutoffs
Four-stage Laguerre filter for adaptive RSI
Fisher Transform for Gaussian distribution conversion
Double-smoothed TSI for noise filtering
Volume-weighted MFI calculations
Normalized OBV and A/D Line integration
Multi-timeframe security requests with proper lookahead settings
Velocity and acceleration calculations for momentum derivatives
Real-time regime classification system
Dynamic dashboard with 10 metrics and color-coded cells
Gradient glow effect with multiple layered fills
Divergence detection with pivot analysis
The code is fully open-source and can be modified to suit individual trading styles and preferences.
Originality Statement
This indicator is original in its comprehensive integration approach. While individual components (VFI, Laguerre RSI, Fisher Transform, TSI, MFI, OBV, A/D) are established concepts, this indicator is justified because:
It synthesizes six distinct momentum methodologies into a unified weighted composite system
The regime classification provides institutional momentum measurement not available in standard oscillators
Multi-timeframe alignment detection measures institutional conviction across timeframes
Velocity and acceleration calculations provide early warning of momentum shifts
The gradient glow visualization creates intuitive momentum intensity display
Integration of volume-weighted components (VFI, MFI) with smoothed momentum (Fisher, TSI) and cumulative volume (OBV, A/D) creates layered confirmation
The comprehensive dashboard presents 10 metrics simultaneously for holistic momentum analysis
Each component contributes unique information: VFI shows volume-driven momentum, Laguerre RSI shows adaptive momentum, Fisher Transform shows statistical extremes, TSI shows smoothed momentum, MFI shows money flow, OBV shows cumulative volume, and A/D shows distribution. The indicator's value lies in presenting these complementary perspectives simultaneously with a unified regime classification system.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell any financial instrument. Trading involves substantial risk of loss and is not suitable for all investors.
Momentum analysis is a tool for understanding market dynamics, not a crystal ball for predicting future price movement. High momentum does not guarantee profitable trades. Past momentum patterns do not guarantee future momentum patterns. Market conditions change, and strategies that worked historically may not work in the future.
The metrics displayed are mathematical calculations based on current market data, not predictions of future price movement. Extreme momentum levels, regime classifications, and signal generation do not guarantee profitable trades. Users must conduct their own analysis and risk assessment before making trading decisions.
Always use proper risk management, including stop losses and position sizing appropriate for your account size and risk tolerance. Never risk more than you can afford to lose. Consider consulting with a qualified financial advisor before making investment decisions.
The author is not responsible for any losses incurred from using this indicator. Users assume full responsibility for all trading decisions made using this tool.
-Made with passion by officialjackofalltrades Indicator
Smart Reversal EntrySmart Reversal Entry
Smart Reversal Entry is an open-source reversal-entry indicator built around one specific analytical idea:
after a short, directional three-candle expansion move, the first confirmed candle closing back in the opposite direction can create a structured reversal-entry opportunity when it appears in the correct EMA context.
This script is not designed to mark every bullish or bearish candle, and it is not intended to behave like a generic trend-following overlay, a standard candlestick-pattern indicator, or a broad “signal generator” that reacts to every small reversal. Its purpose is to measure short-term directional exhaustion in a standardized way, filter that move through an EMA context, require close-confirmed reversal behavior, and then project a fixed-risk trade structure directly on the chart for analysis and review.
The script also includes an internal background optimizer and review tables so users can compare how the same reversal framework behaves under different parameter combinations. These review tools are included to support study and comparison, not to imply future performance.
OPEN-SOURCE NOTE
This script is published open-source so users can inspect the logic directly, verify what the script is doing, and adapt parts of the workflow for their own research if they wish.
Even though the code is open, this description is intentionally detailed because many TradingView users do not read Pine Script. The goal is for a user to understand what the script does, how it works, why its parts belong together, and how it may be used in practice without having to study the code line by line.
OVERVIEW
At a high level, the script does six things:
1. It measures whether the last three candles produced a directional move large enough to matter in pip terms.
2. It checks whether price is positioned on the correct side of a selected EMA filter.
3. It requires the current candle to close in the opposite direction as confirmation of a possible reversal.
4. It maps a fixed stop-loss and a selectable take-profit multiple directly onto the chart.
5. It tracks projected trade outcomes and summarizes them in a review table and a daily PnL table.
6. It runs a hidden background optimizer over multiple EMA and move-threshold combinations so the user can compare the current settings to an internal parameter sweep.
The script is therefore meant to function as a complete reversal-entry and review framework rather than as a single-purpose candle-pattern marker.
CORE IDEA
Many reversal-style tools identify isolated candles or basic candlestick formations, but they do not standardize the market context around them.
This script is built around the idea that a reversal signal becomes more meaningful when three specific things happen together:
1. price has already made a clear short-term directional move,
2. that move is large enough to matter relative to the chosen pip structure,
3. and the next confirmed candle closes back in the opposite direction while price remains on the correct side of an EMA filter.
The model is intentionally narrow.
It does not try to identify every turning point in the market.
It does not try to classify broad market structure.
It does not use discretionary support and resistance interpretation.
It does not rely on vague candle descriptions such as “looks weak” or “looks exhausted”.
Instead, it defines reversal-entry conditions using a fixed sequence:
first measure a three-candle directional push,
then filter it using EMA context,
then require an opposite close-confirmed candle,
then project a standardized risk framework,
then review the resulting projected outcomes over time.
That narrower focus is the main reason this script exists in its current form.
WHY THIS SCRIPT IS NOT A SIMPLE MASHUP
This script combines multiple components, but they are not included simply to place more features into one publication.
Each component has a specific function inside the same analytical workflow:
- The EMA filter defines directional context.
- The three-candle move measurement defines whether a short-term push is large enough to qualify.
- The reversal candle confirmation defines the actual entry trigger.
- The pip-based stop-loss and RR framework standardize trade projection.
- The summary and daily review tables organize projected outcomes into a readable review structure.
- The internal optimizer compares the same reversal logic across multiple hidden EMA and move-threshold combinations.
These layers are interdependent.
Without the three-candle move measurement, the script would react to many small candles that do not represent meaningful short-term expansion.
Without the EMA filter, the script would lose its directional context and become a more generic reversal marker.
Without the close-confirmed reversal candle, the script would identify momentum but not the actual reversal-entry moment.
Without the risk projection layer, the user would still need to manually draw the entry, stop, and target after every signal.
Without the review tables, the user would have less organized feedback when reviewing results under the selected settings.
Without the internal optimizer, the user would see only the current configuration and not how the same logic behaves across a broader parameter range.
For that reason, the script is intended as a single reversal-entry framework, not as a random collection of unrelated features.
WHAT THE SCRIPT DOES
The script identifies reversal-entry setups using a strict, rule-based structure.
Long setup requirements:
- price must be above the selected EMA,
- the prior three candles must all be bearish,
- the combined bearish move across that sequence must reach the minimum pip threshold,
- the current candle must close bullish.
Short setup requirements:
- price must be below the selected EMA,
- the prior three candles must all be bullish,
- the combined bullish move across that sequence must reach the minimum pip threshold,
- the current candle must close bearish.
When a valid signal appears, the script can:
- place a BUY or SELL label,
- project a fixed stop loss in pips,
- project a take-profit level using the selected RR multiple,
- draw TP/SL boxes,
- draw an entry line,
- keep historical projected trades visible for later review,
- summarize projected outcomes in a summary table,
- summarize recent daily projected behavior in a daily PnL table.
The script also evaluates an internal optimizer in the background. That optimizer tests multiple EMA lengths and minimum-move combinations using the same reversal logic and displays the best-performing parameter combination inside the summary table over the shared analysis window.
HOW THE SCRIPT WORKS
1) EMA CONTEXT FILTER
The script uses a single EMA as a directional filter.
For long setups:
price must close above the selected EMA.
For short setups:
price must close below the selected EMA.
This does not turn the script into a pure trend-following system. Instead, it acts as a directional context filter so that reversal entries are only considered when price is positioned on the chosen side of the EMA.
In practical terms, the EMA filter is used to reduce context-free reversal signals. A bullish candle appearing after a bearish push is not enough by itself. The script still wants price to be trading above the selected EMA for longs, and below it for shorts.
2) THREE-CANDLE DIRECTIONAL MOVE MEASUREMENT
The script looks at the three candles immediately before the signal candle.
For a long setup:
those three candles must all be bearish.
For a short setup:
those three candles must all be bullish.
The script then measures the total directional move across that sequence in pip terms.
For long setups, it calculates the bearish move from the open of the first candle in the sequence to the close of the third bearish candle.
For short setups, it calculates the bullish move from the open of the first candle in the sequence to the close of the third bullish candle.
That move must be at least as large as the user-defined “Minimum 3-Candle Move (Pips)” setting.
This is one of the key parts of the script’s logic. It ensures that the setup is not based on three arbitrary candles, but on a directional push that is large enough to meet the minimum threshold selected by the user.
3) REVERSAL CANDLE CONFIRMATION
After the three-candle directional push is identified, the current candle must close in the opposite direction.
For long setups:
the current candle must close bullish.
For short setups:
the current candle must close bearish.
This requirement is intentionally strict. The script does not treat intrabar movement or unfinished candles as a valid signal. Signals are confirmed only when the bar closes.
This matters because a reversal that looks valid intrabar can disappear by the close. By waiting for close confirmation, the script reduces premature signal marking.
4) COOLDOWN FILTER
The script includes a cooldown period between signals.
Once a signal has fired, a new signal is not allowed until a defined number of bars has passed. In the current implementation, that cooldown is handled internally.
The purpose of this filter is to reduce signal clustering and prevent the chart from producing multiple nearby entries from the same short-term market behavior.
5) PIP-BASED RISK PROJECTION
When a valid signal appears, the script creates a projected trade framework using:
- entry at the signal close,
- a fixed stop-loss distance in pips,
- a take-profit level based on the selected risk/reward multiple.
This makes the projection logic standardized across signals.
For long setups:
- stop loss is placed below entry,
- take profit is placed above entry.
For short setups:
- stop loss is placed above entry,
- take profit is placed below entry.
The script can draw:
- entry line,
- TP box,
- SL box,
- BUY / SELL label,
- TP / SL hit labels.
This projection layer is not meant to claim that a setup will succeed. Its purpose is to reduce manual chart annotation and make the behavior of the signal model easier to inspect after the fact.
6) SAME-BAR TP/SL PRIORITY RULE
The script uses a strict and conservative rule when both target and stop would appear to be touched on the same bar after entry:
if TP and SL are both reached on the same bar, SL takes priority.
This is an important implementation detail because it directly affects projected statistics. It makes the review logic more conservative and avoids optimistic ambiguity when bar data alone cannot determine exact intrabar order.
7) SHARED ANALYSIS WINDOW
The script uses a shared analysis window internally.
Projected results and optimizer comparisons are evaluated over a rolling historical range rather than over the full unlimited chart history. This keeps the internal review process more controlled and makes the optimizer comparison consistent inside the same defined lookback window.
8) INTERNAL OPTIMIZER
One of the script’s more advanced components is the internal optimizer.
The optimizer runs in the background and is intentionally not exposed as a user-facing optimization panel. Instead of asking the user to manually test every variation, the script internally evaluates combinations of:
- 10 EMA values,
- 10 minimum-move thresholds.
That produces 100 total internal combinations.
Each combination uses the same reversal logic:
- EMA context,
- three-candle directional sequence,
- minimum move threshold,
- opposite close-confirmed candle,
- same stop-loss and RR structure.
The optimizer then tracks projected wins, losses, net R, gross profit, and gross loss for each combination, and the summary table displays the current best combination based on the script’s internal comparison rules.
This optimizer is not intended to present a “perfect setting”. It is a comparative review aid that helps the user understand how the same reversal framework behaves across multiple hidden parameter combinations.
WHAT MAKES THIS SCRIPT ORIGINAL
This script uses familiar technical-analysis building blocks such as:
- EMA filtering,
- candle-sequence logic,
- pip-based move measurement,
- fixed stop-loss projection,
- risk/reward mapping,
- performance review tables.
Those building blocks are not original by themselves.
The originality of this script is not in inventing a completely new primitive indicator. The originality lies in how these familiar elements are arranged into one tightly defined reversal-entry workflow:
EMA context
→ three-candle directional expansion
→ minimum pip-threshold validation
→ opposite candle close confirmation
→ fixed-risk trade projection
→ on-chart review
→ internal background parameter comparison
That full sequence is the main reason this script exists as its own publication.
It is not intended to be simply another EMA filter, another candlestick marker, another TP/SL visualizer, or another optimizer dashboard. It is specifically a short-term reversal-entry framework that combines directional context, expansion measurement, confirmation logic, risk mapping, and review in one workflow.
WHAT APPEARS ON THE CHART
Depending on settings, the chart may display:
- EMA line,
- BUY labels,
- SELL labels,
- signal-bar background highlights,
- entry line,
- TP box,
- SL box,
- TP hit labels,
- SL hit labels,
- summary table,
- daily PnL table.
Users who want a cleaner chart can disable some visual layers and keep only the ones most relevant to their workflow.
HOW TO USE THE SCRIPT
A practical workflow is:
1. Add the script to a standard candlestick chart.
2. Select the EMA length you want to use as directional context.
3. Set the minimum three-candle move threshold in pips.
4. Set the pip preset correctly for the instrument, or use manual pip size if needed.
5. Choose the stop-loss distance in pips.
6. Select the RR mode used for take-profit projection.
7. Wait for a valid long or short setup to appear.
8. Use the projected entry, stop, and target structure as a chart-analysis framework rather than as a blind instruction.
9. Review projected trade behavior in the summary table and daily table.
10. Compare your selected settings with the optimizer’s best internal combination, but do not treat the optimizer output as a guaranteed best future configuration.
This script is best understood as a structured decision-support and reversal-review tool, not as a self-sufficient trading system.
SETTINGS REFERENCE
Signal Settings
- EMA Length: sets the EMA used as the directional filter.
- Minimum 3-Candle Move (Pips): defines how large the directional three-candle move must be before a reversal candle can qualify.
Pip Settings
- Pip Preset: selects a predefined pip-size interpretation for common instrument types.
- Manual Pip Size: allows direct control when the selected symbol needs a custom pip conversion.
Risk Management
- Stop Loss (Pips): sets the fixed stop-loss distance in pip units.
- Take Profit RR: sets the projected target multiple relative to the stop-loss distance.
Visual Settings
- Show Buy/Sell Labels: shows or hides the signal labels.
- Highlight Signal Bars: adds background color to signal bars.
- Show Entry Line: shows or hides the projected entry line.
- Show TP/SL Hit Labels: controls whether projected outcomes are labeled.
- Show TP Hit Labels: controls TP hit labels specifically.
- Show SL Hit Labels: controls SL hit labels specifically.
Summary Table
- Show Summary Table: enables or disables the main review table.
- Table Position: sets the table location.
- Table Text Size: controls summary-table text size.
Daily PnL Table
- Show Daily PnL Table: enables or disables the daily review table.
- Daily Table Position: sets the daily table location.
- Daily Table Text Size: controls daily-table text size.
INTERNAL LOGIC NOTES
The current code also includes internal settings that are not exposed as user-facing optimization controls. These include:
- signal cooldown,
- shared analysis window,
- maximum stored closed-trade visuals,
- hidden optimizer activation,
- internal optimizer parameter combinations.
These internal elements exist to keep the public interface simpler while still allowing the script to maintain consistent review behavior in the background.
IMPORTANT PRACTICAL NOTE ON PIP SIZE
The script uses pip-based calculations for:
- the minimum three-candle move,
- stop-loss distance,
- take-profit distance,
- optimizer comparison logic.
Because of that, correct pip interpretation is extremely important.
If signals appear too frequent, too rare, too compressed, or visually inconsistent for the instrument being analyzed, the first setting to verify is Pip Preset or Manual Pip Size.
This matters especially for:
- gold symbols,
- 5-digit forex symbols,
- JPY forex pairs,
- indices and CFD-style instruments,
- custom broker symbols with unusual decimal formatting.
LIMITATIONS AND SHORTCOMINGS
This script has important limitations:
- It is a short-term reversal model, not a full market-structure engine.
- It only evaluates one specific reversal pattern based on a three-candle directional push and an opposite close-confirmed candle.
- It does not use support/resistance structure, volume profile, or discretionary context.
- It relies on pip conversion, so poor pip settings can distort signal behavior.
- The internal optimizer compares parameter combinations only inside the defined shared analysis window.
- The optimizer output is a comparative review tool, not a guarantee that the best historical combination will remain best in future market conditions.
- Projected results depend on the script’s own simplified outcome logic.
- If TP and SL are both touched on the same bar, SL is prioritized by design, which makes the logic more conservative but also affects outcome statistics.
- Historical projected trades and review metrics are chart-based review aids, not proof of tradable real-world execution.
- No reversal-entry model can remove all false signals or all regime-dependent behavior.
For those reasons, the script should be used as a structured analysis and review framework, not as a promise of future profitability.
WHO THIS SCRIPT MAY BE USEFUL FOR
This script may be useful for traders who:
- want a rules-based short-term reversal-entry model,
- want EMA-based directional context,
- want a minimum expansion threshold before a reversal is allowed,
- want fixed-risk trade projection on the chart,
- want review tables for projected outcomes,
- want background comparison of multiple EMA and move-threshold combinations.
It may be less suitable for traders who:
- want a broad trend-following system,
- want a discretionary support/resistance engine,
- want a multi-pattern candlestick library,
- want a fully automated strategy with no outside confirmation,
- want outcome metrics interpreted as live performance promises.
DISCLAIMER
This script is provided for educational and informational purposes only.
It does not constitute financial, investment, or trading advice.
Market conditions change, historical behavior does not guarantee future results, and users should perform their own analysis, validation, and risk management before using the script in live decision-making. Indicator
Cadence Refracted Oscillator [JOAT]Cadence Refracted Oscillator
Introduction
The Cadence Refracted Oscillator is an open-source multi-layer momentum analysis tool built in Pine Script v6. It combines three distinct momentum methodologies — Spectral-Filtered RSI, Stochastic Momentum Index (SMI), and Cumulative Volume Delta (CVD) divergence detection — into a single composite oscillator displayed in a separate pane below the chart. The indicator produces a blended momentum reading (0-100), a gradient histogram, a signal line with crossover detection, Z-score extreme markers, and Wyckoff absorption alerts. It is designed for traders who want a deeper, noise-reduced view of momentum that goes beyond what a standard RSI or stochastic can provide.
The key innovation is the spectral filtering stage. Instead of applying RSI directly to raw price, the indicator first passes price data through a Discrete Fourier Transform (DFT) to extract dominant frequency components, then applies RSI-weighted filtering to produce a cleaner, less noisy momentum signal. This filtered signal is then blended with the Stochastic Momentum Index to create a composite that captures both trend momentum and mean-reversion potential.
Why This Indicator Exists
Standard momentum oscillators have well-known limitations. RSI is noisy on lower timeframes and produces frequent false signals in choppy markets. Stochastic oscillators are fast but whipsaw-prone. Neither incorporates volume information. This indicator addresses these issues by layering three complementary approaches:
Spectral-Filtered RSI: Applies a Discrete Fourier Transform to extract the dominant price cycle, then weights the filtered output by RSI distance from the midpoint. This removes high-frequency noise while preserving the meaningful momentum signal. The result is a smoother RSI that responds to genuine trend changes rather than random fluctuations.
Stochastic Momentum Index: Measures where the close is relative to the midpoint of the recent high-low range, double-smoothed with configurable EMA periods. Unlike classic stochastic which measures close relative to the range boundaries, SMI measures distance from the center — making it more sensitive to directional momentum and less prone to ceiling/floor effects.
CVD Divergence: Tracks Cumulative Volume Delta (buy volume minus sell volume) and compares it to price extremes. When price makes a new low but CVD is higher than its previous low, buying pressure is diverging from price — a bullish signal. The reverse applies for bearish divergences. This adds a volume-based confirmation layer that pure price-based oscillators lack.
How the Spectral Filter Works
The spectral filtering process uses a Discrete Fourier Transform — the same mathematical tool used in signal processing, audio analysis, and scientific computing — to decompose price data into frequency components:
// Discrete Fourier Transform implementation
// Decomposes price into frequency components
// DC component (index 0) represents the dominant trend
// Higher harmonics represent shorter-term oscillations
The process works in four stages:
Stage 1 — Short RSI Weighting: A short-period RSI is calculated and converted to an "absolute distance from 50" value. Bars where RSI is far from 50 (strong momentum) receive higher weight in the filter.
Stage 2 — Forward DFT: Price data is transformed into the frequency domain using a configurable number of harmonics (default 3). The magnitude spectrum is extracted, and the DC component (the dominant low-frequency trend) becomes the filtered subject.
Stage 3 — RSI-Weighted Smoothing: The filtered subject is smoothed using the RSI absolute distance as weights. This means the filter responds more to bars with strong momentum and less to bars with weak, indecisive momentum.
Stage 4 — Final RSI: RSI is calculated on the filtered data with the main length (default 21). A divergence component (rate of change of the spectral RSI) is added to create the final Cadence RSI value.
The result is an RSI-like oscillator that is significantly smoother than standard RSI while still being responsive to genuine trend changes. The Fourier harmonics parameter controls how many frequency components are retained — fewer harmonics produce a smoother signal, more harmonics preserve more detail.
Stochastic Momentum Index Component
The SMI component provides a complementary momentum perspective. While the spectral RSI focuses on trend momentum, the SMI captures where price sits within its recent range:
The lookback period defines the range (highest high, lowest low)
The distance from the midpoint of that range is double-smoothed with two EMA passes
The range itself is also double-smoothed and halved to create the denominator
The resulting value oscillates between -100 and +100, where positive values indicate price is above the range midpoint and negative values indicate it is below
This is normalized to 0-100 for blending with the spectral RSI
The SMI is particularly useful for detecting mean-reversion opportunities. When the spectral RSI shows a trend but the SMI is at an extreme, it suggests the trend may be overextended.
Composite Blending
The final composite oscillator blends the spectral RSI (60% weight) with the normalized SMI (40% weight). This weighting prioritizes the trend-following spectral RSI while incorporating the mean-reversion sensitivity of the SMI. The composite oscillates between 0 and 100, with 50 as the neutral midpoint.
The histogram displays the difference from 50, making it easy to see momentum direction and intensity at a glance. Positive histogram bars indicate bullish momentum, negative bars indicate bearish momentum, and the gradient coloring intensifies with momentum strength.
Signal Line and Crossovers
An EMA-based signal line (default 9 periods) is applied to the composite. Crossovers between the composite and signal line provide timing signals:
Bull Cross: Composite crosses above the signal line — momentum is accelerating upward
Bear Cross: Composite crosses below the signal line — momentum is decelerating or reversing
The distance between composite and signal line indicates momentum conviction — wide separation means strong momentum, tight convergence suggests a potential cross is forming
Z-Score Extreme Detection
The indicator calculates a Z-score of the composite value over a configurable lookback (default 50 bars). When the Z-score exceeds +2.0 or falls below -2.0, the momentum is at a statistical extreme — more than two standard deviations from the mean. These events are marked with square markers and indicate:
Potential exhaustion of the current move
High probability of mean reversion
Possible climax buying or selling
Z-score extremes are not automatic reversal signals — strong trends can sustain extremes for extended periods. They are best used as warnings to tighten stops or take partial profits.
Wyckoff Absorption Detection
The indicator detects Wyckoff absorption events — bars where volume is significantly above average (1.5x) but the price range is significantly below average (0.5x). This pattern indicates that large institutional orders are being filled without moving price, which often precedes a directional breakout. Absorption markers appear as circles at the midline.
Visual Design
The indicator uses a "Solar Flare" color theme — golds, ambers, magentas, and plasma purples on a dark background:
Composite Line: Neon glow effect with three layered plots (outer glow at 85% transparency, mid glow at 65%, core line at full intensity). Color adapts to trend state — gold/amber for bullish, magenta/red for bearish, ash for neutral.
Gradient Histogram: 10-level color gradient from bright gold (strong bull) through amber to magenta (strong bear). Rising momentum within a direction intensifies the color.
Signal Line: Plasma purple with glow effect
Zone Fills: Subtle fills between threshold lines — gold tint in the bull zone, magenta tint in the bear zone, ash in the neutral zone
OB/OS Fills: When the composite enters overbought (>75) or oversold (<25) territory, a colored fill highlights the extreme
SMI Reference: A thin blue line showing the normalized SMI for comparison
Markers: Triangles for signal crossovers, diamonds for CVD divergences, squares for Z-score extremes, circles for absorption
HUD Dashboard
The real-time HUD displays 14 metrics:
Composite value with color-coded bull/bear/neutral state
Trend direction (Bullish/Bearish/Neutral)
Z-Score value with classification (Extreme Bull/Bear, Strong, Normal)
Momentum Percentile Rank (0-100%)
SMI value
Signal Line distance (Wide/Moderate/Tight)
Volume Flow direction (Buying/Selling/Neutral) from CVD
Spectral RSI component value
Momentum Strength percentage with classification (Very Strong to Very Weak)
Overbought/Oversold pressure state
Divergence status (Bull Div/Bear Div/None)
Current mode description (Bull Momentum/Bear Momentum/Consolidating)
Input Parameters
Spectral RSI:
RSI Length: Main RSI period (default: 21)
Source: Price source (default: close)
Filter Length: Short RSI period for weighting (default: 12)
Fourier Harmonics: Number of DFT components (default: 3). Lower = smoother, higher = more detail.
Stochastic Momentum:
SMI Lookback: Range period (default: 13)
SMI Smooth 1/2: Double-smoothing EMA periods (default: 25/2)
Signal Length: Signal line EMA period (default: 13)
Volume Delta:
Show CVD Divergence: Toggle divergence detection
CVD Divergence Lookback: Period for comparing CVD extremes to price extremes (default: 14)
Levels:
Overbought/Oversold: Extreme thresholds (default: 75/25)
Bull/Bear Threshold: Trend classification levels (default: 58/42)
How to Use This Indicator
Step 1: Read the Composite Direction
Above 58 = bullish momentum. Below 42 = bearish momentum. Between = consolidation. The histogram makes this immediately visible.
Step 2: Watch for Signal Crossovers
Bull crosses (composite above signal) in the lower half of the range are potential long entries. Bear crosses in the upper half are potential short entries. Crosses near the midline are less significant.
Step 3: Check for Divergences
CVD divergences at price extremes are powerful reversal warnings. A bullish CVD divergence at an oversold composite reading is a high-probability long setup.
Step 4: Monitor Z-Score Extremes
Z-score beyond +/-2.0 warns of potential exhaustion. Consider tightening stops or taking partial profits when the Z-score reaches extreme levels.
Step 5: Use Absorption as Early Warning
Absorption events (high volume, small range) often precede breakouts. When absorption appears near a threshold level, be prepared for a directional move.
Best Practices
The spectral filter works best on timeframes with sufficient data — 5-minute and above is recommended
Fewer Fourier harmonics (2-3) produce a smoother, more trend-following signal. More harmonics (5-8) produce a more responsive but noisier signal.
The composite is most reliable when the spectral RSI and SMI agree. Divergence between the two components suggests mixed conditions.
CVD divergences are most significant at overbought/oversold extremes
Z-score extremes in trending markets can persist — do not blindly fade them
The signal line crossover is a timing tool, not a standalone entry signal. Combine with price action and structure analysis.
Absorption events are context-dependent — they are most meaningful near support/resistance levels
Limitations
The DFT calculation is computationally intensive. Very high harmonic counts may slow chart loading on lower timeframes with large datasets.
The spectral filter introduces a small amount of lag compared to raw RSI. This is the tradeoff for noise reduction.
CVD divergence detection uses a simple comparison of extremes over the lookback period. It may miss complex divergences or flag simple pullbacks as divergences.
Buy/sell volume separation is estimated from candle direction, not true order flow data.
The composite blending weights (60/40) are fixed. Different instruments or timeframes might benefit from different weights.
Z-score extremes are relative to the lookback period. A Z-score of +2.0 over 50 bars may not be extreme over 200 bars.
Like all oscillators, this indicator can remain at extremes during strong trends. It is not a contrarian tool by default.
Technical Implementation
Built with Pine Script v6 using:
Custom Discrete Fourier Transform implementation (forward and inverse) with configurable harmonics
RSI-weighted spectral filtering for noise reduction
Double-smoothed Stochastic Momentum Index with normalization
Cumulative Volume Delta tracking with divergence detection
Z-score calculation for statistical extreme identification
Wyckoff absorption detection (effort vs result)
10-level gradient histogram coloring function
Multi-layer neon glow effect on composite and signal lines
barstate.isconfirmed gating on all signal markers
10 alert conditions covering threshold crosses, divergences, signal crossovers, and Z-score extremes
Originality Statement
This indicator is original in its synthesis of spectral analysis with momentum oscillators and volume delta. While RSI, stochastic, and CVD are established concepts, this indicator is justified because:
The Discrete Fourier Transform spectral filtering applied to RSI calculation is a novel approach that significantly reduces noise while preserving signal responsiveness
The RSI-weighted filtering stage ensures the spectral filter responds more to high-momentum bars and less to noise, creating an adaptive smoothing mechanism
Blending spectral RSI with SMI combines trend-following and mean-reversion perspectives into a single composite that captures both dimensions of momentum
CVD divergence detection adds a volume-based confirmation layer that pure price-based oscillators cannot provide
Z-score extreme detection provides statistical context for momentum readings, helping traders distinguish between normal momentum and genuine extremes
Wyckoff absorption integration connects volume analysis with momentum analysis in a way that standard oscillators do not
The Solar Flare theme with gradient histogram and neon glow provides immediate visual clarity about momentum direction and intensity
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell any financial instrument. Momentum oscillators measure the rate and direction of price change — they do not predict future price movement. Overbought conditions can persist in strong uptrends, and oversold conditions can persist in strong downtrends. Signal crossovers and divergences are probabilistic, not deterministic. Past momentum patterns do not guarantee future behavior. Always use proper risk management and never risk more than you can afford to lose. The author is not responsible for any losses incurred from using this indicator.
-Made by officialjackofalltrades
Indicator
Adaptive Pivot Circles▶Overview
The Adaptive Pivot Circles is a unique geometric indicator that visualizes dynamic market volatility and potential support/resistance zones. Instead of relying on traditional horizontal lines or linear trends, this script projects historical price and time movements into two-dimensional geometric circles.
By applying a Kalman Filter to the distances between historical pivots, the indicator calculates an adaptive, noise-resistant average radius, providing a highly responsive and visually stunning representation of market cycles.
▶Core Concepts & Mechanics
1. Advanced Pivot Detection with ATR Filtering
The script identifies significant Pivot Highs (PH) and Pivot Lows (PL) across the chart. To eliminate market noise and prevent minor pullbacks from distorting the geometry, a built-in ATR Filter is applied. A pivot is only considered valid if its height/depth exceeds a specified multiple of the Average True Range (ATR).
2. Adaptive Radius via Kalman Filter
Most indicators use Simple Moving Averages (SMA) to calculate historical data, which inherently introduces lag. This indicator utilizes a 1D Kalman Filter to estimate the "true" historical radius—measuring both time (X-axis, bars) and price (Y-axis)—between similar pivots (i.e., PH to PH, and PL to PL).
Process Noise (Q): Controls how quickly the filter adapts to new data.
Measurement Noise (R): Controls how much the filter smooths out sudden spikes.
3. Geometric Projection (The Rolling Circles)
When a new pivot is confirmed, the script projects the anticipated market boundaries. The geometric concept is based on a circle connecting the current pivot to the previous one. If you roll that connecting circle around the current pivot, it creates an outer boundary.
To visualize this, the indicator draws two concentric zones around the newly formed pivot:
Inner Ring: Radius is 2x the Kalman-averaged historical radius.
Outer Ring: Radius is 4x the Kalman-averaged historical radius.
▶Key Features & Settings
Kalman Filter Tuning: Fully adjustable Process Noise (Q) and Measurement Noise (R) allow you to fine-tune the algorithm for different timeframes and assets.
Visual Aesthetics (Polyline Drawing): Built using Pine Script v5's advanced polyline drawing objects, the indicator features smooth curves, customizable fill transparencies, and a beautiful Glow Effect (layering transparent thick lines under crisp main lines).
Performance Optimization: You can adjust the Circle Resolution (number of points) to balance between perfect roundness and script rendering performance.
Historical Cleanup: Automatically cleans up old projections to keep your chart uncluttered. Adjust Max History Circles to determine how many recent cycles remain visible.
▶How to Use
Dynamic Support & Resistance: The circumferences of the projected circles often act as non-linear support and resistance levels. Watch for price action reactions as the market approaches the Inner or Outer Rings.
Volatility Gauge: The size of the circles visually represents the current market volatility and the length of recent price swings.
Confluence: Use these geometric projections in conjunction with your existing strategies (e.g., Fibonacci, Volume Profile) to find high-probability reversal zones where price intersects with the circle boundaries.
Disclaimer: This script is for educational and visual purposes only. Geometric projections are not guarantees of future price action. Always use proper risk management. Indicator
Lattice Trend Helix [JOAT]Lattice Trend Helix
Introduction
The Lattice Trend Helix is an open-source trend analysis indicator built in Pine Script v6. It combines a GMMA-inspired multi-EMA fan system (19 exponential moving averages across fast and slow groups) with a pivot-center SuperTrend, RSI momentum confirmation, and a comprehensive trend strength scoring system. The indicator detects EMA fan alignment, measures trend strength on a 0-100 scale, identifies fan expansion/contraction dynamics, and generates priority-ranked signals including full confluence locks, fan crosses, SuperTrend flips, EMA 200 reclaims, fan burst breakouts, SuperTrend bounces, and displacement impulses.
The Guppy Multiple Moving Average (GMMA) concept, originally developed by Daryl Guppy, uses two groups of EMAs to visualize the behavior of short-term traders (fast group) and long-term investors (slow group). When both groups are aligned and separated, a strong trend is in place. When they converge and cross, a trend change is developing. This indicator extends the GMMA concept by adding a pivot-based SuperTrend for dynamic support/resistance, RSI filtering for momentum confirmation, and a quantified scoring system that turns visual alignment into a measurable number.
Why This Indicator Exists
Single moving average crossover systems are prone to whipsaws. Even dual-MA systems produce frequent false signals in choppy markets. The GMMA approach solves this by requiring alignment across many EMAs simultaneously — a much higher bar than a simple crossover. This indicator takes that concept further:
19-EMA Fan System: 11 fast EMAs (periods 3 through 23) capture short-term trader sentiment. 8 slow EMAs (periods 25 through 60) capture longer-term investor positioning. Full alignment of all 11 fast EMAs in order is a strong signal that short-term traders agree on direction. Full alignment of all 8 slow EMAs confirms institutional agreement.
Pivot-Center SuperTrend: Unlike standard SuperTrend which uses HL2 as the center, this implementation uses a weighted average of detected pivot points. Each new pivot high or low updates the center using the formula: center = (center * 2 + pivot) / 3. This creates a more responsive center line that adapts to actual market structure rather than simple bar midpoints. ATR-based bands around this center define the trend direction.
Trend Strength Score (0-100): Quantifies trend strength from three components — fast EMA alignment (50 points), slow EMA alignment (30 points), and price position relative to EMA 200 (20 points). A score of 100 means all 19 EMAs are perfectly aligned and price is on the correct side of the 200 EMA.
Fan Spread Dynamics: The distance between the fastest EMA (3) and slowest fast EMA (23), normalized by ATR, measures how "open" the fan is. An expanding fan indicates strengthening trend momentum. A contracting fan warns of potential trend exhaustion or reversal.
RSI Momentum Filter: RSI must agree with the fan direction for the highest-confidence signals. This prevents false confluence signals during momentum divergences.
EMA 200 Macro Filter: Price must be above the 200 EMA for confirmed bullish signals and below for confirmed bearish signals, ensuring alignment with the macro trend.
How the EMA Fan Alignment Works
The fast fan consists of 11 EMAs at periods 3, 5, 7, 9, 11, 13, 15, 17, 19, 21, and 23. For bullish alignment, every EMA must be above the next longer one:
// Full fast fan bull alignment requires ALL 10 pairs in order
bool fastBull = ef3 > ef5 and ef5 > ef7 and ef7 > ef9 and ef9 > ef11
and ef11 > ef13 and ef13 > ef15 and ef15 > ef17
and ef17 > ef19 and ef19 > ef21 and ef21 > ef23
This is an extremely high bar. In choppy markets, the fast EMAs will be tangled and neither fastBull nor fastBear will be true. Only in genuine trending conditions do all 11 EMAs sort into perfect order. The same logic applies to the 8 slow EMAs.
The indicator counts how many adjacent pairs are aligned (0-10 for fast, 0-7 for slow) to produce a granular alignment score even when full alignment is not achieved. This allows the trend strength score to reflect partial alignment — a market with 8/10 fast pairs aligned is stronger than one with 4/10, even though neither achieves full alignment.
Pivot-Center SuperTrend
The SuperTrend component uses a unique center calculation based on detected pivot points:
Pivot highs and lows are detected using ta.pivothigh() and ta.pivotlow() with a configurable period
Each new pivot updates the center line using an exponentially weighted formula that gives 2/3 weight to the existing center and 1/3 to the new pivot
Upper and lower bands are calculated as center +/- (ATR Factor * ATR)
Trend direction flips when price crosses the opposite band
The trailing stop ratchets in the trend direction — it can only move favorably, never against the trend
This pivot-based center produces a SuperTrend that is more responsive to actual market structure than the standard HL2-based version. It adapts to the rhythm of the market's swing points rather than just the midpoint of each bar.
Signal Priority System
The indicator generates 8 types of signals, ranked by priority with cooldown-based anti-overlap:
P1 — HELIX LOCK (highest): Full fan alignment (fast + slow) + RSI confirmation + price above/below EMA 200. This is the maximum confluence signal — every factor agrees. A highlight box is drawn around the signal candle.
P2 — LATTICE SYNC: Full fan alignment (fast + slow) without RSI/EMA200 confirmation. Strong but not maximum confluence.
P3 — TREND FLIP: SuperTrend direction change. The pivot-center SuperTrend has flipped from bearish to bullish or vice versa.
P4 — FAN CROSS: The fast fan median (EMA 13) crosses the slow fan median (EMA 40). This is the GMMA equivalent of a moving average crossover, but using the center of each fan group.
P5 — MACRO CROSS: Price crosses the EMA 200 — a major structural event that changes the macro trend context.
P6 — FAN BURST: The fan spread transitions from contracting to expanding while the trend score is above 50. This indicates a breakout from compression — similar to a Bollinger squeeze release but measured through EMA dynamics.
P7 — ST BOUNCE: Price touches the SuperTrend line and bounces in the trend direction. This is a pullback-to-support/resistance signal unique to this indicator. A separate 5-bar cooldown prevents repeated bounce signals during extended touches.
P8 — IMPULSE (lowest): Displacement candle detection — large body (>70% of range, >2x average body). These indicate aggressive institutional order flow.
Trend Strength Score Breakdown
The 0-100 score is computed from three weighted components:
Fast EMA Alignment (50 points): The number of aligned adjacent pairs (max 10) divided by 10, multiplied by 50. Full fast alignment = 50 points. Half alignment = 25 points.
Slow EMA Alignment (30 points): The number of aligned adjacent pairs (max 7) divided by 7, multiplied by 30. Full slow alignment = 30 points.
EMA 200 Filter (20 points): If price is above EMA 200 and the fast fan leans bullish, or below EMA 200 and the fast fan leans bearish, 20 points are added. This rewards macro-aligned trends.
The score is displayed in the HUD with both a number and a visual bar (||||......). Scores above 70 indicate strong, tradeable trends. Scores between 40-70 indicate developing or weakening trends. Below 40 indicates choppy or transitional conditions.
Visual Design
The indicator uses a "Cyberpunk" color theme — electric cyan, hot magenta, neon yellow, deep violet, and chrome accents:
Fast EMA Fan: All 11 lines in a single color that adapts to alignment — cyan for bullish, magenta for bearish, steel grey for neutral. Configurable opacity.
Slow EMA Fan: All 8 lines in deeper tones — teal for bullish, violet for bearish, steel grey for neutral.
EMA 200: Three-layer neon glow effect (outer glow, mid glow, core line) that shifts between cyan (above) and violet (below).
Holographic Ribbon: Fill between the fastest (EMA 3) and slowest (EMA 23) fast EMAs, creating a ribbon that expands with trend strength and contracts during consolidation.
SuperTrend: Four-layer neon glow step-line (88%, 72%, 50%, 10% transparency) in cyan (bullish) or magenta (bearish).
Regime Background: Subtle background tinting for confirmed bull (cyan) or confirmed bear (magenta) conditions.
Candle Coloring: Multi-tier coloring based on confirmation level — confirmed bull/bear, strong bull/bear, weak bull/bear, or neutral.
HUD Dashboard
The HUD displays 14 metrics:
Trend direction (Bullish/Bearish/Neutral)
Strength score with visual bar (||||......)
Fan state (Strong Bull/Bear, Weak Bull/Bear, Converging)
SuperTrend direction
EMA 200 position (Above/Below)
Alignment counts (Fast: X/10, Slow: X/7)
Fan Spread value with state (Expanding/Contracting/Stable)
RSI value with bull/bear/neutral classification
Confluence count (0-5): fast alignment + slow alignment + SuperTrend agreement + RSI agreement + EMA 200 agreement
SuperTrend distance from price
Volume ratio (current vs 20-bar average)
Confirmed signal status (CONFIRMED BULL/BEAR or ---)
Input Parameters
EMA Fan:
Show Fast/Slow EMAs: Toggle each fan group
Show EMA 200: Toggle macro filter line
Fast/Slow EMA Opacity: Control transparency of each fan group
SuperTrend:
Show SuperTrend: Toggle the pivot-center SuperTrend
Pivot Period: Lookback for pivot detection (default: 3)
ATR Factor: Band width multiplier (default: 2.5)
ATR Length: Period for ATR calculation (default: 14)
Visual:
Show Trend Ribbon: Toggle holographic ribbon fill
Show Fan Crosses: Toggle fan cross signals
Show Regime Background: Toggle background tinting
SuperTrend Neon Glow: Toggle 4-layer glow effect
Color Candles: Toggle multi-tier candle coloring
HUD Panel: Toggle dashboard
Momentum Filter:
Show RSI Confirmation: Toggle RSI requirement for confirmed signals
RSI Length: Period (default: 14)
RSI Bull/Bear Threshold: Directional thresholds (default: 55/45)
How to Use This Indicator
Step 1: Check Fan Alignment
Look at the fan state in the HUD. "Strong Bull" or "Strong Bear" means both fast and slow fans are fully aligned — the strongest trend condition. "Weak" means only the fast fan is aligned — a developing or weakening trend.
Step 2: Verify with SuperTrend
The SuperTrend should agree with the fan direction. Fan bullish + SuperTrend bullish = high conviction. Disagreement suggests a transitional market.
Step 3: Check the Strength Score
Scores above 70 are strong trends. Use the visual bar for quick assessment. The confluence count (0-5) tells you how many independent factors agree.
Step 4: Trade the Signals
HELIX LOCK is the highest-conviction entry — all factors agree. LATTICE SYNC and TREND FLIP are strong. FAN CROSS and MACRO CROSS are structural. ST BOUNCE provides pullback entries within established trends.
Step 5: Monitor Fan Spread
Expanding fan = strengthening trend. Contracting fan = weakening trend or approaching reversal. FAN BURST signals mark the transition from contraction to expansion.
Best Practices
The 19-EMA fan is most effective on timeframes of 5 minutes and above. Very low timeframes produce too much noise for meaningful alignment.
Full fan alignment is rare and powerful. Do not expect it on every trade — it represents the highest-conviction conditions.
The SuperTrend bounce signal works best in established trends. In choppy markets, bounces may fail.
Fan crosses (fast median vs slow median) are the GMMA equivalent of MA crossovers — they confirm trend changes but lag the actual turn.
The EMA 200 filter is a macro-level gate. Ignoring it means trading against the larger trend, which reduces probability.
Use the fan spread dynamics to time entries — entering when the fan is expanding gives you momentum. Entering when it is contracting means you are fighting exhaustion.
The confluence count (0-5) is a quick decision filter. 4-5 = high conviction. 2-3 = moderate. 0-1 = low conviction.
Limitations
EMAs are lagging indicators. Full fan alignment is confirmed after the trend has already started, not at the exact turn.
The 19-EMA system uses significant computational resources. On very long charts with many bars, loading may be slower.
Pivot-center SuperTrend depends on pivot detection, which has an inherent delay equal to the pivot period.
Fan alignment can persist in overextended trends. Full alignment does not mean the trend will continue indefinitely.
The RSI filter can occasionally prevent valid signals during strong momentum divergences.
The indicator is optimized for trending markets. In range-bound conditions, the fan will be tangled and few signals will fire — which is by design.
EMA periods are fixed (3-23 fast, 25-60 slow). Different instruments or timeframes might benefit from different period sets, but the GMMA standard periods are well-tested across markets.
Technical Implementation
Built with Pine Script v6 using:
19 EMA calculations at global scope (11 fast + 8 slow) for Pine v6 compliance
Pivot-based SuperTrend center with exponentially weighted pivot averaging
Granular alignment counting (0-10 fast, 0-7 slow) for trend strength scoring
Fan spread normalization by ATR for cross-instrument comparability
8-tier priority signal system with cooldown-based anti-overlap
Separate cooldown tracking for SuperTrend bounce signals
4-layer neon glow rendering for SuperTrend and EMA 200
Holographic ribbon fill between fan extremes
Multi-tier candle coloring based on confirmation level
barstate.isconfirmed gating on all signal generation
9 alert conditions covering alignment changes, fan crosses, SuperTrend flips, confirmed signals, and fan expansion
Originality Statement
This indicator is original in its synthesis of the GMMA fan concept with pivot-center SuperTrend and quantified trend scoring. While GMMA and SuperTrend are established concepts, this indicator is justified because:
The pivot-center SuperTrend uses a weighted average of actual market pivots rather than simple HL2, creating a more structurally responsive trend line
The trend strength score (0-100) quantifies fan alignment into a single actionable metric with three weighted components
Fan spread dynamics (expansion/contraction tracking normalized by ATR) provide momentum acceleration/deceleration information not available in standard GMMA implementations
The 8-tier priority signal system with separate cooldown tracking for SuperTrend bounces prevents visual clutter while capturing all significant events
RSI momentum filtering and EMA 200 macro gating create a multi-layer confirmation framework that reduces false signals
The confluence count (0-5) provides an instant assessment of how many independent factors agree
The Cyberpunk theme with 4-layer neon glow and holographic ribbon creates a distinctive visual identity where trend strength is immediately apparent from the fan's visual character
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell any financial instrument. Moving average systems identify trends after they have started — they do not predict trend changes in advance. Full fan alignment can occur in overextended trends that are about to reverse. SuperTrend bounces can fail. Past alignment patterns do not guarantee future trend behavior. Always use proper risk management and never risk more than you can afford to lose. The author is not responsible for any losses incurred from using this indicator.
-Made with passion by officialjackofalltrades
Indicator
Institutional Volume Profile [Quantum Algo]Institutional Volume Profile
Developed by QuantumAlgo
█ OVERVIEW
The Institutional Volume Profile by Quantum Algo is a next-generation volume profile indicator that goes far beyond what standard volume profile tools offer on TradingView. While most volume profile scripts render a static histogram with flat coloring, Quantum Algo's Institutional Volume Profile introduces gradient heat mapping, buy/sell delta visualization, automatic node classification, a migration trace for tracking institutional repositioning, and a live analytics dashboard — all in one overlay.
This is the volume profile that institutional desks use, rebuilt for TradingView by QuantumAlgo.
Institutional Volume Profile by Quantum Algo — gradient heat map mode on BTCUSDT Perpetual showing Control Level, Equilibrium Zone edges, and analytics dashboard.
The gradient heat map mode above shows how volume density is distributed across price. Warmer tones (vivid cyan) indicate heavy institutional participation. Cooler tones (muted gray) indicate thin levels where price passed through quickly. The Control Level (amber line) marks peak density. Dashed cyan lines mark the Equilibrium Zone boundaries. The analytics dashboard in the corner provides real-time readouts of all key levels.
█ WHAT MAKES THIS DIFFERENT FROM OTHER VOLUME PROFILES
Most volume profile indicators on TradingView — including the top-ranked ones — share the same limitations: flat single-color bars that make every level look equally important, no way to see buy vs sell dominance within the profile, no automatic identification of high-volume and low-volume nodes, and no live dashboard showing where current price sits relative to the value area.
The Quantum Algo Institutional Volume Profile solves every one of these problems:
Flat bars → Gradient heat mapping that instantly shows which levels carry real institutional weight
No directional insight → Buy/sell delta coloring that reveals hidden directional bias at every price level
No node detection → Automatic Dense Node and Void Node classification with configurable thresholds
No context → Live analytics panel showing Control Level, Equilibrium Zone edges, total density, zone width, and whether price is in Premium, Discount, or Equilibrium
Static POC → Optional Migration Trace showing how the control level drifts over time as institutions reposition
This combination of features does not exist in any other volume profile indicator on TradingView. Built entirely from scratch by Quantum Algo using a proprietary direct-mapped accumulation engine.
█ SEVEN CORE FEATURES
▸ 1 — Gradient Heat Mapping
Every row in the profile transitions smoothly from cool (sparse volume, muted gray) to warm (dense volume, vivid cyan) based on its density relative to the peak. Inside the Equilibrium Zone, the gradient shifts to a brighter cyan spectrum. The result is an instant visual heat map — your eye is drawn to the institutional clusters without reading a single number.
Institutional Volume Profile by Quantum Algo — heat map with Equilibrium Zone shading on BTCUSDT Perpetual]
Above: The heat map creates a clear visual hierarchy. The densest levels glow bright while thin levels fade into the background. The Equilibrium Zone (between the dashed lines) stands out as the fair value range.
▸ 2 — Buy/Sell Delta Background
When enabled, the profile bars are colored by directional dominance at each price level. Levels where buy-side volume exceeds sell-side show green. Levels where sell-side dominates show red. Neutral levels fall back to the standard color scheme. The intensity of the green or red scales with how extreme the dominance is.
Institutional Volume Profile by Quantum Algo — delta mode showing buy-side (green) and sell-side (red) dominance on BTCUSDT Perpetual]
Above: Delta mode reveals the directional story hidden inside the aggregate profile. You can immediately see where buyers were dominant (green zones) versus where sellers controlled the action (red zones). This is information that a standard flat-colored volume profile completely hides from you.
▸ 3 — Control Level with Style Options
The Control Level is the single price with peak accumulated density — the center of institutional gravity. Drawn as a prominent horizontal line extending across the full analysis window with configurable color, weight, and line style (Solid, Dashed, or Dotted). In the analytics panel, the exact price is displayed for precision.
▸ 4 — Equilibrium Zone (Value Area)
The zone containing the configured share of total density (default 68%, matching one standard deviation). All rows within the zone receive boosted coloring — brighter gradient in heat map mode, stronger delta colors in delta mode. Upper and lower edge lines are drawn as dashed horizontals for use as dynamic support and resistance.
Price above the upper edge is in Premium territory. Price below the lower edge is in Discount. Price inside is at Equilibrium. The analytics panel shows which context applies in real time.
▸ 5 — Dense Node and Void Node Classification
The indicator automatically scans the completed profile and labels levels as Dense Nodes (HVN — abnormally high density, strong S/R magnets) or Void Nodes (LVN — negligible density, fast-travel zones). Thresholds are configurable as multiples of the profile mean. Labels appear on the right edge of the profile for instant identification.
▸ 6 — Migration Trace (Developing POC)
An optional feature that tracks how the Control Level migrates over the scan window. A dotted trail is drawn showing where peak density sat at each sampling interval as the session developed. A flat trace means institutions were committed to one level. A migrating trace reveals active repositioning. This is a feature available on institutional platforms like Sierra Chart and Bookmap, brought to TradingView by QuantumAlgo.
▸ 7 — Live Analytics Dashboard
A compact on-chart panel displays key profile metrics in real time: Control Level price, Equilibrium Zone upper and lower edges, total accumulated density (formatted as K/M/B), zone width in price terms, and whether current price is in Premium, Discount, or Equilibrium. The panel follows the Quantum Algo dark design language and updates automatically.
Institutional Volume Profile by Quantum Algo — full feature view with analytics dashboard, Equilibrium Zone, and Control Level on BTCUSDT Perpetual]
Above: The complete Quantum Algo Institutional Volume Profile with all features active — gradient heat mapping, Control Level, Equilibrium Zone edges, and the analytics dashboard providing full context at a glance.
█ HOW TO USE
Control Level as gravity — In ranges, price oscillates around it. A sustained break with volume confirms a directional move.
Equilibrium edges as dynamic S/R — Longs near the lower edge with stops below. Shorts near the upper edge with stops above. These levels are grounded in actual institutional participation.
Delta mode for directional bias — Switch on delta coloring to see if institutions were net buyers or net sellers at each level. If the profile shows heavy green below current price and heavy red above, the structure is bullish.
Dense Nodes as reversal zones — When price approaches a Dense Node, expect consolidation or reversal. Position for mean reversion.
Void Nodes as acceleration zones — When price enters a Void Node, expect fast movement to the next Dense Node.
Dashboard context — If the panel shows "Discount," you are below the zone — look for longs. "Premium" means above — look for shorts or exit longs. "Equilibrium" means inside fair value — range conditions.
█ SETTINGS
📐 Scan Window — Auto-fit to visible or fixed bar count up to 3000.
📊 Resolution & Layout — Vertical resolution up to 490 levels, row weight, horizontal spread, chart margin.
⚡ Participation Filter — All Participants, Buy-Side Only, or Sell-Side Only.
📊 Delta Background — Toggle buy/sell dominance coloring with customizable buy and sell tones.
🌈 Heat Mapping — Toggle gradient visualization with customizable warm and cool tones.
🎯 Control Level — Toggle, weight, tone, and line form (Solid/Dashed/Dotted).
📈 Migration Trace — Toggle and customize the developing POC trail color.
🏦 Equilibrium Zone — Set the share percentage, toggle edge lines, customize tone and weight.
🔥 Node Classification — Independent toggles for Dense and Void nodes with configurable detection thresholds.
📋 Analytics Panel — Toggle, choose corner position.
█ RECOMMENDED SETTINGS
Crypto perpetual futures on 1H to Daily: default 200-bar scan, 490 vertical resolution. Lower timeframes (5m, 15m): reduce scan to 100-150 bars. Weekly/Monthly: increase to 500-1000 bars.
For delta mode, compare the profile with delta on and off — sometimes the aggregate profile shows a symmetrical shape, but delta reveals that one side is overwhelmingly dominant. This hidden bias is invisible on standard volume profile indicators.
The Institutional Volume Profile pairs naturally with other Quantum Algo tools. Use it alongside the Zeno oscillator by Quantum Algo for timing entries within the structural framework the volume profile provides.
█ ARCHITECTURE
Unlike standard volume profile scripts that scan all price levels for every bar (O(bars × levels)), the Quantum Algo engine uses direct range-mapped accumulation: each bar's high/low range is mapped to level indices first, then volume is distributed only across the touched levels. This produces the same accurate result with significantly fewer operations, enabling 490-level resolution without performance issues.
The rendering pipeline is split into seven independent phases — accumulate, analyze, render rows, render control and edges, trace migration, classify nodes, and build the analytics panel — each handling a distinct responsibility. This modular architecture is unique to QuantumAlgo on TradingView.
█ NOTES
Pine Script v6. Overlay indicator. Direct-mapped accumulation engine. Supports up to 490 vertical levels and 3000-bar scan windows. All drawing objects managed within TradingView limits. Scale-anchored for correct overlay behavior.
Built by Quantum Algo. Part of the Quantum Algo institutional analysis suite developed by QuantumAlgo. Indicator
Indicator
AA Smart Structure EngineAA Smart Structure Engine — Market Structure & Impulse Signals
📄 DESCRIPTION
AA Smart Structure Engine is a market structure indicator designed to identify potential trend continuations and reversals using a combination of:
Higher High / Lower High (HH / LH)
Lower Low / Higher Low (LL / HL)
Impulse candle confirmation (ATR + candle strength)
The indicator provides clear BUY and SELL signals based on confirmed price structure and momentum.
⚙️ How It Works
The indicator uses pivot-based structure detection to define key market movements:
HH (Higher High) — potential exhaustion in uptrend
LH (Lower High) — continuation of bearish structure
LL (Lower Low) — potential exhaustion in downtrend
HL (Higher Low) — continuation of bullish structure
A signal is only generated when structure aligns with a valid impulse candle, defined as:
Candle body > 50% of total range
Candle body > ATR × impulse factor
📈 Signal Logic
BUY Signal:
LL or HL structure formed
Bullish impulse candle
Confirmed closed candle
SELL Signal:
HH or LH structure formed
Bearish impulse candle
Confirmed closed candle
The indicator includes a built-in filter to avoid duplicate signals in the same direction.
🎯 Key Features
Market structure detection (HH, HL, LH, LL)
Impulse-based confirmation (ATR + candle strength)
No repaint (signals appear only after candle close)
Clean visual signals (BUY / SELL labels)
Customizable signal colors
⚙️ Inputs
Pivot Length — controls structure sensitivity
ATR Length — volatility calculation period
Impulse Strength — defines candle strength threshold
BUY / SELL Colors — visual customization
📌 How to Use
This indicator can be used as:
An entry confirmation tool
A trend-following filter
A market structure shift detector
Best used in combination with:
Higher timeframe analysis
Support and resistance levels
Trend filters (EMA, Kijun, etc.)
⚠️ Disclaimer
This indicator does not guarantee profits and should not be considered financial advice.
Always use proper risk management and combine it with a broader trading strategy.
🏷️ TAGS
market structure, smart money, price action, trend, forex, crypto, trading Indicator
MvH Horizontal LevelsHorizontal Levels — Custom Price Level Overlay
A lightweight overlay indicator that lets you define and display labeled horizontal price levels directly on your chart. Designed for futures traders working with key support, resistance, breakout, and target levels on instruments like NQ, ES, DAX, FTSE, and others.
█ HOW IT WORKS
Instead of manually drawing lines on every chart, you define all your levels in a single text input field using a simple comma-separated format. The indicator parses your input and draws color-coded horizontal lines with bold, right-aligned labels that stay pinned to the right edge of the chart — visible across all timeframes.
█ INPUT FORMAT
Each line in the input field represents one level:
Time,Price,Color,Alignment,Text
• Time — UNIX timestamp in seconds (marks where the line begins)
• Price — the price level (integer)
• Color — one of six predefined colors: Orange, Turquoise, Green, Bright Red, Dark Red, Pink
• Alignment — "Top" (label above line) or "Bottom" (label below line)
• Text — descriptive label ending with a colon
Example input:
1774013400,25465,Turquoise,Top,Full Long Breakout:
1774013400,25385,Orange,Top,Target 1:
1774013400,25035,Bright Red,Bottom,Resistance:
1774013400,24965,Turquoise,Bottom,Support/bounce:
1774013400,24800,Dark Red,Bottom,Bearish Breakout:
The indicator automatically formats the price with a thousands separator and appends it to the label text (e.g., "Resistance: 25,035").
█ SETTINGS
• Level Data — multi-line text area where you paste your level definitions (no header row needed)
• Label Right Offset (Bars) — controls how far to the right of the last bar the labels are positioned (default: 20)
• Label Y-Offset (Points) — fine-tunes the vertical distance between the line and its label text to compensate for built-in label padding (default: 5, set to 0 to disable)
█ COLOR PALETTE
Six colors are supported, matched by keyword (case-insensitive):
• Turquoise — key breakout and bounce levels
• Orange — price targets
• Green — secondary resistance/support zones
• Bright Red — primary resistance
• Dark Red — bearish breakouts and short triggers
• Pink — support levels and short targets
█ USE CASES
• Pre-session preparation: define your levels before the market opens and have them ready across all timeframes
• Multi-instrument workflows: quickly paste different level sets when switching between NQ, ES, DAX, etc.
• Sharing levels with a team: copy-paste the same text block so everyone sees identical levels
• Clean chart management: all levels are controlled from a single input field — no manual drawing required
█ NOTES
• Lines begin at the specified UNIX timestamp and extend infinitely to the right
• Labels automatically reposition to the right edge of the visible chart on every new bar
• The indicator supports up to 50 lines and 50 labels simultaneously
• Works on any instrument and any timeframe — levels are anchored by price, not by bars
• UNIX timestamps must be in seconds (not milliseconds) — the indicator handles the conversion internally Indicator
W.D. Gann Toolkit [UAlgo]W.D. Gann Toolkit is a multi tool market structure overlay built to project several classic Gann concepts directly from confirmed pivot points. Instead of focusing on only one angle or one timing idea, the script combines Gann Fan, Gann Box, Square of 9 levels, Master Time Factor markers, Gann retracements, and a live swing charting layer inside a single framework.
The indicator begins with confirmed pivot highs and pivot lows. Once a new pivot is detected, it becomes a structural anchor from which the selected Gann tools are drawn. This makes the toolkit adaptive to changing market structure rather than forcing the user to manually place every anchor point. The user can also decide how many historical pivots should remain active, which helps balance chart detail and readability.
One of the most important parts of any Gann based study is scale. A 1x1 angle only has meaning if the price per bar relationship is defined in a sensible way. For that reason, this script includes several scale methods. It can estimate scale from the broader chart range, from the most recent swing, from ATR, or from a fully manual input. This makes the toolkit flexible enough for different markets and chart styles while still keeping the geometry grounded in visible price behavior.
The Gann Fan module projects the classic angle family such as 1x8, 1x4, 1x3, 1x2, 1x1, 2x1, 3x1, 4x1, and 8x1. The Gann Box creates a ninety bar by scaled price box from the pivot. The Square of 9 module projects rotational price levels from the pivot using square root based calculations. The Master Time Factor module adds important future bar intervals from the pivot. The retracement module draws classic Gann proportional levels between two pivots. A simple Gann style swing chart is also included to visualize directional swing progression on the live chart.
In practical use, W.D. Gann Toolkit is useful for traders who want one structured environment for price, angle, time, and proportion analysis without manually recreating each Gann tool from scratch.
🔹 Features
🔸 Automatic Pivot Anchoring
All tools are drawn from confirmed pivot highs and pivot lows. This lets the toolkit respond to live market structure and keeps the drawings tied to meaningful turning points.
🔸 Multiple Scaling Methods
The script supports Auto Chart Range, Auto Swing, Auto ATR, and Manual scale modes. This is especially important for Gann work because angle interpretation depends on a stable price per bar relationship.
🔸 Gann Fan Projection
The indicator draws the classic Gann angle family from each selected pivot, including the key 1x1 line and the faster and slower angle groups around it.
🔸 Gann Box
A ninety bar box is projected from the pivot using the active scale. This gives the chart a combined time and price measurement zone.
🔸 Square of 9 Price Levels
The script projects Square of 9 levels such as 180°, 360°, 540°, and 720° from the pivot price using the square root transformation method.
🔸 Master Time Factor Markers
Vertical time markers are projected from each pivot at important intervals such as 30, 45, 90, and 180 bars.
🔸 Gann Retracements
When two pivots are available, the script draws classic Gann retracement levels such as 12.5%, 25%, 33.3%, 50%, 66.7%, 75%, and 87.5%.
🔸 Gann Swing Charting
A live swing line tracks directional shifts based on higher highs with higher lows or lower highs with lower lows, creating a simple structural swing map.
🔸 Historical Pivot Control
The user can choose how many recent pivots remain active for tool projection. This keeps the chart cleaner when needed.
🔸 Modern Color Theming
Different tool families use their own color groups, which makes it much easier to separate angles, price levels, time levels, retracements, and swing structure visually.
🔹 Calculations
1) Detecting Confirmed Pivot Highs and Lows
float ph = ta.pivothigh(high, i_piv_len, i_piv_len)
float pl = ta.pivotlow(low, i_piv_len, i_piv_len)
bool is_new_pivot = false
Pivot new_pivot = na
if not na(ph)
new_pivot := Pivot.new(time , bar_index , ph, true)
is_new_pivot := true
else if not na(pl)
new_pivot := Pivot.new(time , bar_index , pl, false)
is_new_pivot := true
This is the structural entry point of the whole toolkit.
The script waits for a confirmed pivot high or pivot low using the chosen pivot length on both sides. Once a pivot is confirmed, it stores the pivot time, bar index, price, and whether it is a high or low.
That pivot then becomes the anchor for all Gann tools. So the entire toolkit is driven by real confirmed turning points rather than by arbitrary chart positions.
2) Storing Recent Active Pivots
if is_new_pivot
active_pivots.unshift(new_pivot)
if active_pivots.size() > i_history + 1
active_pivots.pop()
Whenever a new pivot appears, it is pushed to the front of the active pivot list.
The script keeps only the most recent pivots needed for the selected historical depth. This prevents excessive clutter and ensures that the drawings stay focused on the most relevant recent anchors.
So the toolkit is always working from a controlled pivot memory rather than an unlimited list of old pivots.
3) ATR Based Scaling
float tr_atr = ta.atr(i_atr_len)
float scale_atr = nz(tr_atr, ta.tr) * i_atr_mult
This block creates the ATR based price per bar scale.
The script first calculates ATR over the selected length. That ATR value is then multiplied by the chosen multiplier to produce the scale.
This approach adapts the Gann geometry to current volatility. When ATR expands, the scale expands as well. When ATR contracts, the scale becomes tighter.
So ATR scaling is useful for traders who want the toolkit to stay responsive to the current volatility regime.
4) Chart Range Based Scaling
float price_range = ta.highest(high, i_range_len) - ta.lowest(low, i_range_len)
float scale_chart = price_range / i_range_len
This is the chart range scaling method.
The script measures the total price range across the selected number of bars, then divides that range by the same bar count. The result is an average price per bar scale.
This is often the safest automatic scaling choice because it ties the Gann geometry to the visible chart environment and helps avoid extreme or unrealistic slopes.
So chart range scaling is a balanced default when the user wants a stable visual relationship between price and time.
5) Swing Based Scaling
float scale_swing = na
if active_pivots.size() >= 2
Pivot p_curr = active_pivots.get(0)
Pivot p_prev = active_pivots.get(1)
int bars_diff = math.abs(p_curr.bar_index - p_prev.bar_index)
if bars_diff > 0
scale_swing := math.abs(p_curr.price - p_prev.price) / bars_diff
This method derives scale from the most recent completed pivot to pivot move.
The script measures the price distance between the two latest pivots and divides that by the bar distance between them. The result is a recent swing price per bar ratio.
This makes the Gann angles more sensitive to the latest market structure than the broader chart range method.
So swing scaling is useful when the user wants the geometry to follow the most recent active move more closely.
6) Choosing the Final Active Scale
float current_scale = switch i_scale_method
"Auto (Chart Range)" => scale_chart
"Auto (Swing)" => nz(scale_swing, scale_chart)
"Auto (ATR)" => scale_atr
"Manual" => i_manual_scale
=> i_manual_scale
This is the scale selection engine.
Depending on the user setting, the script picks:
chart range scale,
swing scale,
ATR scale,
or manual scale.
If swing scale is selected but there are not yet enough pivots to calculate it, the script falls back to chart range scale.
This is one of the most important parts of the indicator because all fan angles, box projections, and price projections depend on this final scale value.
7) Gann Fan Slope Logic
array names = array.from("1x8", "1x4", "1x3", "1x2", "1x1", "2x1", "3x1", "4x1", "8x1")
array dy_arr = array.from(1.0, 1.0, 1.0, 1.0, 1.0, 2.0, 3.0, 4.0, 8.0)
array dx_arr = array.from(8.0, 4.0, 3.0, 2.0, 1.0, 1.0, 1.0, 1.0, 1.0)
float slope = dir * scale * (dy_arr.get(i) / dx_arr.get(i))
This is the mathematical foundation of the Gann Fan.
Each fan line is defined by a price over time ratio. For example:
1x1 means one unit of price per one unit of time,
2x1 means two units of price per one unit of time,
1x2 means one unit of price per two units of time.
The script multiplies the selected scale by the angle ratio to produce the actual slope of each line. Direction is positive for low based pivots and negative for high based pivots.
So the fan is not drawn with arbitrary visual angles. It is drawn from a real price per bar relationship.
8) Limiting Fan Projection Distance Safely
float max_y_dist = recent_range <= 0 ? p.price * 0.05 : recent_range * 1.0
float target_y_delta = slope * 100
int safe_bars = 100
if math.abs(target_y_delta) > max_y_dist
safe_bars := int(math.max(1, math.round(max_y_dist / math.abs(slope))))
This safety logic prevents the fan lines from projecting to unrealistic extremes.
The script estimates a maximum reasonable vertical travel based on the recent chart range. If a projected line would travel too far over a standard forward distance, the script shortens the number of bars used for the initial anchor segment.
This helps keep fast angles readable and prevents extreme slopes from distorting the chart.
So the fan remains visually controlled even when scale is large or price is volatile.
9) Drawing the Fan Lines
float future_price = p.price + (slope * safe_bars)
int future_bar = p.bar_index + safe_bars
line ln = line.new(p.bar_index, p.price, future_bar, future_price, color=line_col, style=line.style_solid, extend=extend.right)
Once the slope is known, the script calculates the projected price after a safe number of bars and draws the line from the pivot to that future point. The line is then extended to the right.
This means every fan ray begins from the pivot and continues forward as an active angular support or resistance guide.
10) Gann Box Calculation
float dir = p.is_high ? -1.0 : 1.0
int span = 90
float target_price = p.price + (dir * scale * span)
int target_bar = p.bar_index + span
box bx = box.new(p.bar_index, p.price, target_bar, target_price, border_color=c_box, bgcolor=color.new(c_box, 90), border_style=line.style_dashed)
The Gann Box uses a fixed time width of ninety bars.
The price height of the box is determined by:
scale × ninety
If the anchor is a high pivot, the box projects downward.
If the anchor is a low pivot, the box projects upward.
So the box combines price and time into a balanced projection area using the active scale.
11) Square of 9 Price Projection
float sqrt_p = math.sqrt(p.price)
array offsets = array.from(0.5, 1.0, 1.5, 2.0)
array names = array.from("Sq9 180°", "Sq9 360°", "Sq9 540°", "Sq9 720°")
float new_price = math.pow(sqrt_p + (dir * offsets.get(i)), 2)
This is the core Square of 9 calculation.
The script takes the square root of the pivot price, adds or subtracts a rotational offset, then squares the result again to get the projected price level.
The offsets correspond to:
180°,
360°,
540°,
and 720° style steps.
If the pivot is a high, the offsets project downward.
If the pivot is a low, they project upward.
So the Square of 9 module transforms the pivot price through the classic square root rotation concept associated with Gann price geometry.
12) Drawing Master Time Factor Levels
array intervals = array.from(30, 45, 90, 180)
for i = 0 to intervals.size() - 1
int b_idx = p.bar_index + intervals.get(i)
if b_idx <= bar_index + 100
line ln = line.new(b_idx, p.price, b_idx, p.price * (p.is_high ? 0.95 : 1.05), color=c_mtf, style=line.style_solid, extend=extend.both)
The Master Time Factor module projects important future time counts from the pivot.
The selected intervals are:
30 bars,
45 bars,
90 bars,
and 180 bars.
Each one is drawn as a vertical time marker. These are not price targets by themselves. They are timing references that may align with future reversals, reactions, or acceleration points.
So this module adds the time side of Gann analysis to the toolkit.
13) Gann Retracement Levels
float high_p = math.max(p1.price, p2.price)
float low_p = math.min(p1.price, p2.price)
float rng = high_p - low_p
array percents = array.from(0.125, 0.25, 0.333, 0.50, 0.667, 0.75, 0.875)
array p_names = array.from("12.5%", "25%", "33.3%", "50% (Key)", "66.7%", "75%", "87.5%")
float lvl_price = low_p + (rng * percents.get(i))
This is the retracement engine.
Given two pivots, the script measures the price range between them and then calculates key Gann proportional retracement levels inside that range.
The plotted levels are:
12.5%,
25%,
33.3%,
50%,
66.7%,
75%,
and 87.5%.
The 50% level is emphasized more strongly because it is one of the most widely watched Gann reference levels.
So this module gives the toolkit a proportional price structure layer between two pivot anchors.
14) Gann Swing Chart Logic
bool up_swing = high > high and low > low
bool dn_swing = high < high and low < low
This is the directional trigger for the swing chart.
A bullish swing condition requires both the high and the low of the current bar to be above the previous bar.
A bearish swing condition requires both the high and the low of the current bar to be below the previous bar.
So the swing chart changes direction only when the bar structure shows a clear full shift in both extremes.
15) Starting a New Swing Segment
if up_swing and swing_dir != 1
swing_dir := 1
int start_x = na(last_swing_line) ? bar_index : line.get_x2(last_swing_line)
float start_y = na(last_swing_line) ? low : line.get_y2(last_swing_line)
last_swing_line := line.new(start_x, start_y, bar_index, high, color=c_swg, width=2)
else if dn_swing and swing_dir != -1
swing_dir := -1
int start_x = na(last_swing_line) ? bar_index : line.get_x2(last_swing_line)
float start_y = na(last_swing_line) ? high : line.get_y2(last_swing_line)
last_swing_line := line.new(start_x, start_y, bar_index, low, color=c_swg, width=2)
When the swing direction changes, the script starts a new swing segment.
If the direction turns bullish, it starts a line toward the current high.
If the direction turns bearish, it starts a line toward the current low.
The starting point is either the previous bar’s extreme or the end of the last swing line if one already exists.
So the swing chart forms a connected directional structure rather than isolated markers.
16) Extending the Active Swing Segment
else
if swing_dir == 1 and not na(last_swing_line) and high > line.get_y2(last_swing_line)
line.set_xy2(last_swing_line, bar_index, high)
else if swing_dir == -1 and not na(last_swing_line) and low < line.get_y2(last_swing_line)
line.set_xy2(last_swing_line, bar_index, low)
If the current swing direction stays the same, the script extends the active swing line when a new extreme is made.
For bullish swings, it updates the end of the line to a new higher high.
For bearish swings, it updates the end of the line to a new lower low.
So the swing chart behaves like a live directional staircase that keeps extending until a new opposite swing begins.
17) Using Historical Pivots to Draw Multiple Tool Sets
for i = 0 to math.min(active_pivots.size() - 1, i_history - 1)
Pivot p = active_pivots.get(i)
GannElement f_el = fan_elements.get(i)
GannElement b_el = box_elements.get(i)
GannElement s_el = sq9_elements.get(i)
GannElement m_el = mtf_elements.get(i)
f_el.drawFan(p, current_scale, global_recent_range)
b_el.drawBox(p, current_scale)
s_el.drawSq9(p, current_scale)
m_el.drawMTF(p)
This loop is what makes the toolkit multi layer.
For each recent pivot within the selected history depth, the script redraws the fan, box, Square of 9 levels, and Master Time Factor markers.
So the chart can display tools from several recent pivots at once instead of only the latest anchor.
18) Drawing Retracements From Consecutive Pivots
if active_pivots.size() > i + 1
GannElement r_el = ret_elements.get(i)
Pivot p2 = active_pivots.get(i + 1)
r_el.drawRetracements(p, p2)
Retracements need two pivots, not one.
This block takes each pivot and the next older pivot, then draws the Gann retracement levels between them. That means retracement structure is always built from a real completed price range between two confirmed turning points.
So the retracement module is linked directly to pivot progression rather than floating independently on the chart. Indicator
Indicator
Q WaveQ Wave
What is Q Wave?
Q Wave is a pressure-adaptive trend wave designed to reveal the current state of market structure with clarity.
It does not predict.
It does not generate signals.
It shows structure.
Two waves define the model:
Fast Wave — reacts quickly to structural shifts in price
Slow Wave — confirms the broader trend regime only after sustained directional pressure
The zone between them tells the regime state:
Blue zone — confirmed bullish regime
Red zone — confirmed bearish regime
Neutral zone — transition phase, where structure has shifted but regime is not yet confirmed
How it works
At the core of Q Wave is a custom Directional Pressure model: candle body size relative to ATR, scaled by volume activity.
When price expands with strong participation, both waves respond faster.
When activity contracts, the model slows down and becomes more selective.
The slow wave uses intentional Regime Inertia. It does not flip on every structural shift. It requires sustained pressure before confirming or reversing a regime, which helps suppress false transitions during noisy intraday conditions.
Best use cases
Q Wave is designed primarily for futures and other liquid instruments, especially on intraday timeframes such as 15–60 minutes. It can also be used on higher timeframes, including 4H and Daily.
For forex and synthetic instruments, disabling volume weighting may produce cleaner behavior.
Settings
Structure Period — lookback window for dominant structure detection
Fast Wave Sensitivity — reaction speed of the fast wave
Slow Wave Sensitivity — reaction speed of the slow wave
Regime Inertia — persistence required before a regime confirms or reverses
ATR / Volume Length — lookback for volatility and average volume
Use Volume Weighting — optional volume influence for instruments with reliable volume data
No signals. No arrows. Only structure.
Disclaimer
This script is for informational and educational purposes only. It is not financial or investment advice. Always use your own analysis, risk management, and independent judgment.
Trade with clarity — stay for quality.
Indicator
