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Support and Resistance Logistic Regression | Flux Charts💎 GENERAL OVERVIEW Introducing our new Logistic Regression Support / Resistance indicator! This tool leverages advanced statistical modeling "Logistic Regressions" to identify and project key price levels where the market is likely to find support or resistance. For more information about the process, please check the "HOW DOES IT WORK ?" section. Logistic Regression Support / Resistance Features : Intelligent S/R Identification : The indicator uses a logistic regression model to intelligently identify and plot significant support and resistance levels. Predictive Probability : Each identified level comes with a calculated probability, indicating how likely it is to act as a true support or resistance based on historical data. Retest & Break Labels : The indicator clearly marks on your chart when a detected support or resistance level is retested (price touches and respects the level) or broken (price decisively crosses through the level). Alerts : Real-time alerts for support retests, resistance retests, support breaks, and resistance breaks. Customizable : You can change support & resistance line style, width and colors. 🚩 UNIQUENESS What makes this indicator truly unique is its application of logistic regression to the concept of support and resistance. Instead of merely identifying historical highs and lows, our indicator uses a statistical model to predict the future efficacy of these levels. It analyzes underlying market conditions (like RSI and body size at pivot formation) to assign a probability to each potential S/R zone. This predictive insight, combined with dynamic, real-time labeling of retests and breaks, provides a more robust and adaptive understanding of market structure than traditional, purely historical methods. 📌HOW DOES IT WORK ? The Logistic Regression Support / Resistance indicator operates in several key steps: First, it identifies significant pivot highs and lows on the chart based on a user-defined "Pivot Length." These pivots are potential areas of support or resistance. For each detected pivot, the indicator extracts relevant market data at that specific point, including the RSI (Relative Strength Index) and the Body Size (the absolute difference between the open and close price of the candle). These serve as input features for the model. The core of the indicator lies in its logistic regression model. This model is continuously trained on past pivot data and their subsequent behavior (i.e., whether they were "respected" as support/resistance multiple times). It learns the relationship between the extracted features (RSI, Body Size) and the likelihood of a pivot becoming a significant S/R level. When a new pivot is identified, the model uses its learned insights to calculate a prediction value—a probability (from 0 to 1) that this specific pivot will act as a strong support or resistance. If the calculated probability exceeds a user-defined "Probability Threshold," the pivot is designated a "Regression Pivot" and drawn on the chart as a support or resistance line. The indicator then actively tracks how price interacts with these levels, displaying "R" labels for retests when the price bounces off the level and "B" labels for breaks when the price closes beyond it. ⚙️ SETTINGS 1. General Configuration Pivot Length: This setting defines the number of bars used to determine a significant high or low for pivot detection. Target Respects: This input specifies how many times a level must be "respected" by price action for it to be considered a strong support or resistance level by the underlying model. Probability Threshold: This is the minimum probability output from the logistic regression model for a detected pivot to be considered a valid support or resistance level and be plotted on the chart. 2. Style Show Prediction Labels: Enable or disable labels that display the calculated probability of a newly identified regression S/R level. Show Retests: Toggle the visibility of "R" labels on the chart, which mark instances where price has retested a support or resistance level. Show Breaks: Toggle the visibility of "B" labels on the chart, which mark instances where price has broken through a support or resistance level.
Pine Script® indicator
by fluxchart
16
Impulse Zones | Flux Charts💎 GENERAL OVERVIEW Introducing our new Impulse Zones indicator, a powerful tool designed to identify significant price movements accompanied by strong volume, highlighting potential areas of support and resistance. These Impulse Zones can offer valuable insights into market momentum and potential reversal or continuation points. For more information about the process, please check the "HOW DOES IT WORK ?" section. Impulse Zones Features : Dynamic Zone Creation : Automatically identifies and plots potential supply and demand zones based on significant price impulses and volume spikes. Customizable Settings : Allows you to adjust the sensitivity of zone detection based on your trading style and market conditions. Retests and Breakouts : Clearly marks instances where price retests or breaks through established Impulse Zones, providing potential entry or exit signals. Alerts : You can set alerts for Bullish & Bearish Impulse Zone detection and their retests. 🚩 UNIQUENESS Our Impulse Zones indicator stands out by combining both price action (impulsive moves) and volume confirmation to define significant zones. Unlike simple support and resistance indicators, it emphasizes the strength behind price movements, potentially filtering out less significant levels. The inclusion of retest and breakout visuals directly on the chart provides immediate context for potential trading opportunities. The user can also set up alerts for freshly detected Impulse Zones & the retests of them. 📌 HOW DOES IT WORK ? The indicator identifies bars where the price range (high - low) is significantly larger than the average true range (ATR), indicating a strong price movement. The Size Sensitivity input allows you to control how large this impulse needs to be relative to the ATR. Simultaneously, it checks if the volume on the impulse bar is significantly higher than the average volume. The Volume Sensitivity input governs this threshold. When both the price impulse and volume confirmation criteria are met, an Impulse Zone is created in the corresponding direction. The high and low of the impulse bar define the initial boundaries of the zone. Zones are extended forward in time to remain relevant. The indicator manages the number of active zones to maintain chart clarity and can remove zones that haven't been touched for a specified period. The indicator monitors price action within and around established zones. A retest is identified when the price touches a zone and then moves away. A break occurs when the price closes beyond the invalidation point of a zone. Keep in mind that if "Show Historic Zones" setting is disabled, you will not see break labels as their zones will be removed from the chart. The detection of Impulse Zones are immediate signs of significant buying or selling pressure entering the market. These zones represent areas where a strong imbalance between buyers and sellers has led to a rapid price movement accompanied by high volume. Bullish Impulse Zones act as a possible future support zone, and Bearish Impulse Zones act as a possible future resistance zone. Retests of the zones suggest a strong potential movement in the corresponding direction. ⚙️ SETTINGS 1. General Configuration Show Historic Zones: If enabled, invalidated or expired Impulse Zones will remain visible on the chart. 2. Impulse Zones Invalidation Method: Determines which part of the candle (Wick or Close) is used to invalidate a zone break. Size Sensitivity: Controls the required size of the impulse bar relative to the ATR for a zone to be detected. Higher values may identify fewer, larger zones. Lower values may detect more, smaller zones. Volume Sensitivity: Controls the required volume of the impulse bar relative to the average volume for a zone to be detected. Higher values require more significant volume. Labels: Toggles the display of "IZ" labels on the identified zones. Retests: Enables the visual highlighting of retests on the zones. Breaks: Enables the visual highlighting of zone breaks.
Pine Script® indicator
by fluxchart
1
Balanced Price Range | Flux Charts💎 GENERAL OVERVIEW Introducing our new Balanced Price Range (BPR) indicator! A Balanced Price Range is a trading concept used by price action traders. It is detected by finding overlapping area between two contrary Fair Value Gaps (FVGs). These areas can be used as entry points during market pullbacks. For more information about the process, please check the "HOW DOES IT WORK ?" section. Balanced Price Range Features : Balanced Price Range Detection : Identifies areas where bullish and bearish FVGs overlap, suggesting a zone of price equilibrium. Customizable FVG & BPR Detection : You can fine-tune FVG detection and sensitivity for BPR detection to your liking. Retest Labels : Bullish & Bearish retest labels will be rendered for BPRs. Alerts : You can set alerts for Bullish & Bearish BPR detection and their retests. 🚩 UNIQUENESS This indicator doesn't just detect standard FVGs but specifically looks for areas where bullish and bearish IFVGs (Invalidated Fair Value Gaps) overlap, defining a Balanced Price Range. It also actively manages and updates identified BPR zones, removing them when they are invalidated or remain untouched for a specified period. It highlights and alerts users to retests of established BPR zones, signaling potential trading opportunities. Users can tailor the appearance of the BPR zones and retest markers, as well as configure specific alerts for new BPR formations and retests. 📌 HOW DOES IT WORK ? A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. The indicator first detects bullish & bearish FVG zones according to their formations on chart. Then, they are dynamically tracked and flagged as invalidated if the price crosses them, turning them into IFVGs. When a FVG & IFVG of the same type overlaps, the indicator combines them into a single BPR of corresponding type. The detected BPR is updated as new data comes in, and renders retests labels as they occur. A bullish BPR can be used to find long trade entry opportunities, while a bearish BPR can be used to find short trade entry opportunities. Retests can also indicate potential movements in the corresponding direction of the BPR. Users can set-up alerts for BPR detection & BPR retests and will get notified as they occur. ⚙️ SETTINGS Show Historic Zones: If enabled, invalidated or expired BPR zones will remain visible on the chart. Balanced Price Range: FVG Detection Method: Determines the criteria for the bar types forming the initial FVG. Same: All three bars forming the FVG must be of the same type (all bullish or all bearish). Mixed: The bar types must vary (a mix of bullish and bearish bars). All: Bar types can vary or be the same. FVG Invalidation Method: Determines which part of the candle (wick or close) invalidates the initial FVG. BPR Invalidation Method: Determines which part of the candle (wick or close) invalidates the Balanced Price Range. Sensitivity: Adjusts the sensitivity of FVG detection. Higher values may identify fewer, larger BPRs, while lower values may detect more, smaller BPRs. Labels: Toggles the display of text labels on the identified zones. Retests: Enables or disables the detection and visualization of BPR retests.
Pine Script® indicator
by fluxchart
8
Bollinger Bands MTF & Kalman Filter | Flux Charts📈 Multi-Timeframe Kalman Filtered Bollinger Bands Indicator Introducing our MTF Kalman Filtered Bollinger Bands – a powerful multi-timeframe Bollinger Bands (BB) indicator enhanced with Kalman filtering for superior smoothing and trend analysis. This indicator dynamically adapts Bollinger Bands across multiple timeframes while incorporating volume-based gradient transparency to highlight significant price movements. This indicator is better optimized for lower timeframes. ❓ How to Interpret the Bands & Volume Gradient: Our indicator combines Lower Timeframe (LTF) and Higher Timeframe (HTF) Bollinger Bands to provide a comprehensive trend analysis. It applies Kalman filtering to the LTF bands, ensuring smoother, noise-reduced signals. The color gradient and relative volume-based transparency offer deeper insights into price strength. 🔹 LTF Bollinger Bands: Shorter-period bands filtered with a Kalman smoothing algorithm, reducing lag and noise. 🔹 HTF Bollinger Bands: Traditional Bollinger Bands plotted on a higher timeframe, offering macro trend analysis. 🔹 Volume Gradient Transparency: The bands adjust their opacity based on relative buy/sell volume, allowing traders to assess momentum strength. 📌 How Does It Work? 1️⃣ Multi-Timeframe Bollinger Bands Calculation The LTF BB uses Kalman filtering for a smoother price representation, helping to reduce false signals. The HTF BB is EMA-smoothed for improved trend clarity. 2️⃣ Adaptive Gradient Transparency The opacity of the fill color between the bands is determined by relative buy/sell volume. Higher buy volume = stronger bullish signal (greener bands). Higher sell volume = stronger bearish signal (redder bands). 3️⃣ Dynamic Trend Signals & Breakouts Buy Signal: When price breaks below the HTF lower band and LTF bands start rising. Sell Signal: When price breaks above the HTF upper band and LTF bands start falling. ⚙️ Settings & Customization: 🛠 LTF and HTF Bollinger Bands Settings: Multiplier: The multiplier applied to the BB to determine the upper and lower bands Length: Define the number of bars determines the BB calculations. Custom Timeframe Selection: Choose from predefined options (e.g., 5m, 15m, 1H, 4H, etc). 🎨 Gradient & Transparency Settings: Bullish/Bearish Color Options: Customize colors for uptrend and downtrend conditions. Max & Min Opacity: Adjust the transparency levels based on volume intensity. Solid vs. Gradient Mode: Choose between a gradient fill or a solid color mode for clarity. 📌 Recommended Settings for Optimal Use: 1️⃣ Timeframe Selection (LTF -> HTF): 1 min -> 5 min 2 min -> 5 min 3 min -> 15 min 5 min -> 15 min 15 min -> 1 hr 1 hr -> 4 hr 4 hr -> 1 day 2️⃣ Multiplier: Use 2.0 for LTF and 2.25 for HTF 3️⃣Length: Use a length of 20 - 30 bars 🚀 Why Use This Indicator? ✅ Multi-Timeframe Bollinger Bands with Kalman Filtering – Ideal for traders looking for reduced lag and clearer trend signals. ✅ Volume-Based Transparency – See momentum shifts instantly with adaptive opacity. ✅ Dynamic Buy & Sell Signals – Alerts based on price action + volume trends. ✅ Customizable for Any Strategy – Adjust colors, timeframes, and filtering options for personalized trading.
Pine Script® indicator
by fluxchart
13
SuperTrend + Relative Volume (Kernel Optimized)Introducing our new KDE Optimized Supertrend + Relative Volume Indicator! This innovative indicator combines the power of the Supertrend indicator along with Relative Volume. It utilizes the Kernel Density Estimation (KDE) to estimate the probability of a candlestick marking a significant trend break or reversal. ❓How to Interpret the KDE %: The KDE % is a crucial metric that reflects the likelihood that the current candlestick represents a true break in the SuperTrend line, supported by an increase in relative volume. It estimates the probability of a trend shift or continuation based on historical SuperTrend breaks and volume patterns: Low KDE %: A lower probability that the current break is significant. Price action is less likely to reverse, and the trend may continue. Moderate KDE - High KDE %: An increased possibility that a trend reversal or consolidation could occur. Traders should start watching for confirmation signals. 📌How Does It Work? The SuperTrend indicator uses the Average True Range (ATR) to determine the direction of the trend and identifies when the price crosses the SuperTrend line, signaling a potential trend reversal. Here's how the KDE Optimized SuperTrend Indicator works: SuperTrend Calculation: The SuperTrend indicator is calculated, and when the price breaks above (bullish) or below (bearish) the SuperTrend line, it is logged as a significant event. Relative Volume: For each break in the SuperTrend line, we calculate the relative volume (current volume vs. the average volume over a defined period). High relative volume can suggest stronger confirmation of the trend break. KDE Array Calculation: KDE is applied to the break points and relative volume data: Define the KDE options: Bandwidth, Number of Steps, and Array Range (Array Max - Array Min). Create a density range array using the defined number of steps, corresponding to potential break points. Apply a Gaussian kernel function to the break points and volume data to estimate the likelihood of the trend break being significant. KDE Value and Signal Generation: The KDE array is updated as each break occurs. The KDE % is calculated for the breakout candlestick, representing the likelihood of the trend break being significant. If the KDE value exceeds the defined activation threshold, a darker bullish or bearish arrow is plotted after bar confirmation. If the KDE value falls below the threshold, a more transparent arrow is drawn, indicating a possible but lower probability break. ⚙️Settings: SuperTrend Settings: ATR Length: The period over which the Average True Range (ATR) is calculated. Multiplier: The multiplier applied to the ATR to determine the SuperTrend threshold. KDE Settings: Bandwidth: Determines the smoothness of the KDE function and the width of the influence of each break point. Number of Bins (Steps): Defines the precision of the KDE algorithm, with higher values offering more detailed calculations. KDE Threshold %: The level at which relative volume is considered significant for confirming a break. Relative Volume Length: The number of historic candles used in calculating KDE %
Pine Script® indicator
by fluxchart
11
Inversion Fair Value Gap Oscillator | Flux Charts💎 GENERAL OVERVIEW Introducing the new Inversion Fair Value Gap Oscillator (IFVG Oscillator) indicator! This unique indicator identifies and tracks Inversion Fair Value Gaps (IFVGs) in price action, presenting them in an oscillator format to reveal market momentum based on IFVG strength. It highlights bullish and bearish IFVGs while enabling traders to adjust detection sensitivity and apply volume and ATR-based filters for more precise setups. For more information about the process, check the "📌 HOW DOES IT WORK" section. Features of the new IFVG Oscillator: Fully Customizable FVG & IFVG Detection An Oscillator Approach To IFVGs Divergence Markers For Potential Reversals Alerts For Divergence Labels Customizable Styling 📌 HOW DOES IT WORK? Fair Value Gaps are price gaps within bars that indicate inefficiencies, often filled as the market retraces. An Inversion Fair Value Gap is created in the opposite direction once a FVG gets invalidated. The IFVG Oscillator scans historical bars to identify these gaps, then filters them based on ATR or volume. Each IFVG is marked as bullish or bearish according to the opposite direction of the original FVG that got invalidated. An oscillator is calculated using recent IFVGs with this formula : 1. The Oscillator starts as 0. 2. When a new IFVG Appears, it contributes (IFVG Width / ATR) to the oscillator of the corresponding type. 3. Each confirmed bar, the oscillator is recalculated as OSC = OSC * (1 - Decay Coefficient) The oscillator aggregates and decays past IFVGs, allowing recent IFVG activity to dominate the signal. This approach emphasizes current market momentum, with oscillations moving bullish or bearish based on IFVG intensity. Divergences are marked where IFVG oscillations suggest potential reversals. Bullish Divergence conditions are as follows : 1. The current candlestick low must be the lowest of last 25 bars. 2. Net Oscillator (Shown in gray line by default) must be > 0. 3. The current Bullish IFVG Oscillator value should be no more than 0.1 below the highest value from the last 25 bars. Traders can use divergence signals to get an idea of potential reversals, and use the Net IFVG Oscillator as a trend following marker. 🚩 UNIQUENESS The Inversion Fair Value Gap Oscillator stands out by converting IFVG activity into an oscillator format, providing a momentum-based visualization of IFVGs that reveals market sentiment dynamically. Unlike traditional indicators that statically mark IFVG zones, the oscillator decays older IFVGs over time, showing only the most recent, relevant activity. This approach allows for real-time insight into market conditions and potential reversals based on oscillating IFVG strength, making it both intuitive and powerful for momentum trading. Another unique feature is the combination of customizable ATR and volume filters, letting traders adapt the indicator to match their strategy and market type. You can also set-up alerts for bullish & bearish divergences. ⚙️ SETTINGS 1. General Configuration Decay Coefficient -> The decay coefficient for oscillators. Increasing this setting will result in oscillators giving the weight to recent IFVGs, while decreasing it will distribute the weight equally to the past and recent IFVGs. 2. Fair Value Gaps Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation. Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average. FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish. Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs. 3. Inversion Fair Value Gaps Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. 4. Style Divergence Labels On -> You can switch divergence labels to show up on the chart or the oscillator plot.
Pine Script® indicator
by fluxchart
Fair Value Gap Oscillator | Flux Charts💎 GENERAL OVERVIEW Introducing the new Fair Value Gap Oscillator (FVG Oscillator) indicator! This unique indicator identifies and tracks Fair Value Gaps (FVGs) in price action, presenting them in an oscillator format to reveal market momentum based on FVG strength. It highlights bullish and bearish FVGs while enabling traders to adjust detection sensitivity and apply volume and ATR-based filters for more precise setups. For more information about the process, check the "📌 HOW DOES IT WORK" section. Features of the new FVG Oscillator: Fully Customizable FVG Detection An Oscillator Approach To FVGs Divergence Markers For Potential Reversals Alerts For Divergence Labels Customizable Styling 📌 HOW DOES IT WORK? Fair Value Gaps are price gaps within bars that indicate inefficiencies, often filled as the market retraces. The FVG Oscillator scans historical bars to identify these gaps, then filters them based on ATR or volume. Each FVG is marked as bullish or bearish according to the trend direction that preceded its formation. An oscillator is calculated using recent FVGs with this formula : 1. The Oscillator starts as 0. 2. When a new FVG Appears, it contributes (FVG Width / ATR) to the oscillator of the corresponding type. 3. Each confirmed bar, the oscillator is recalculated as OSC = OSC * (1 - Decay Coefficient) The oscillator aggregates and decays past FVGs, allowing recent FVG activity to dominate the signal. This approach emphasizes current market momentum, with oscillations moving bullish or bearish based on FVG intensity. Divergences are marked where FVG oscillations suggest potential reversals. Bullish Divergence conditions are as follows : 1. The current candlestick low must be the lowest of last 25 bars. 2. Net Oscillator (Shown in gray line by default) must be > 0. 3. The current Bullish FVG Oscillator value should be no more than 0.1 below the highest value from the last 25 bars. Traders can use divergence signals to get an idea of potential reversals, and use the Net FVG Oscillator as a trend following marker. 🚩 UNIQUENESS The Fair Value Gap Oscillator stands out by converting FVG activity into an oscillator format, providing a momentum-based visualization of FVGs that reveals market sentiment dynamically. Unlike traditional indicators that statically mark FVG zones, the oscillator decays older FVGs over time, showing only the most recent, relevant activity. This approach allows for real-time insight into market conditions and potential reversals based on oscillating FVG strength, making it both intuitive and powerful for momentum trading. Another unique feature is the combination of customizable ATR and volume filters, letting traders adapt the indicator to match their strategy and market type. You can also set-up alerts for bullish & bearish divergences. ⚙️ SETTINGS 1. General Configuration Decay Coefficient -> The decay coefficient for oscillators. Increasing this setting will result in oscillators giving the weight to recent FVGs, while decreasing it will distribute the weight equally to the past and recent FVGs. 2. Fair Value Gaps Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation. Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average. FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish. Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs. 3. Style Divergence Labels On -> You can switch divergence labels to show up on the chart or the oscillator plot.
Pine Script® indicator
by fluxchart
2
Rolling ATR Bands | Flux Charts💎 GENERAL OVERVIEW Introducing the Rolling ATR Bands indicator! This indicator overlays adaptive bands around the price, using the Average True Range (ATR) to define dynamic support and resistance levels. The Rolling ATR Bands are color-coded to visually indicate potential trend strength, shifting between bearish, neutral, and bullish colors. This tool can help traders interpret price volatility, as well as identify probable trend changes, continuations, or reversals. For more information about the process, check the "HOW DOES IT WORK ?" section. Features of the new Rolling ATR Bands: ATR Bands With Customizable ATR Length & Multiplier Smooth Trend Strength With Adjustable Smoothing Options Color-coded bands Representing Bearish, Neutral, or Bullish Trends Alerts for Retests & Breaks Customizable Visuals 📌 HOW DOES IT WORK? The Rolling ATR Bands indicator calculates the ATR based on the specified length and multiplier to form upper and lower bands around the price. These bands adapt with market volatility, widening during high volatility and contracting during lower volatility periods. In addition, the indicator calculates a "trend strength" score by combining an interpolated RSI, Supertrend, and EMA crossover. This score is smoothed with a customizable length, and a color gradient is applied to visually denote the strength of bearish, neutral, or bullish conditions. Here's how to interpret the bands: Upper Band: Acts as dynamic resistance; when price approaches or touches it, this often suggests potential overbought conditions. Lower Band: Acts as dynamic support; touching or nearing this band might indicate potential oversold conditions. Color Shifts: Color changes indicate shifts in trend direction. For example, a green color suggests a bullish trend, while red hints at bearish tendencies. 🚩 UNIQUENESS What sets the Rolling ATR Bands apart is the combined use of interpolated RSI, Supertrend, and EMA cross values, creating a weighted trend strength score. This integration allows for nuanced, color-coded visual cues that respond quickly to trend changes without excessive noise, offering traders an intuitive view of both trend direction and potential momentum. You can also set up alerts for retest & alerts for upper and lower bands to get informed of potential movements. ⚙️ SETTINGS 1. General Configuration ATR Length : Controls the ATR calculation length for the bands. Smoothing: Adjusts the trend strength smoothing to control sensitivity to trend changes. ATR Multiplier : Sets the width of the bands by multiplying the ATR value. Trend Smoothing : Higher settings will result in longer periods of time required for trend to change direction from bullish to bearish and vice versa.
Pine Script® indicator
by fluxchart
6
Cumulative Volume Delta Strategy | Flux Charts💎 GENERAL OVERVIEW Introducing the Cumulative Volume Delta Strategy (CVDS) Indicator, an advanced tool designed to enhance trading strategies by identifying potential trend reversals through volume dynamics. This script features integrated order block detection, Fair Value Gaps (FVGs), and a dynamic take-profit (TP) and stop-loss (SL) system. For an in-depth understanding of the strategy, refer to the "HOW DOES IT WORK?" section below. Features of the new Cumulative Volume Delta Strategy (CVDS) Indicator : Cumulative Volume Delta-based Strategy Order Block and Fair Value Gap (FVG) Entry Methods Dynamic TP/SL System Customizable Risk Management Settings Alerts for Buy, Sell, TP, and SL Signals 📌 HOW DOES IT WORK ? The CVDS indicator operates by tracking the net volume difference between buyers and sellers to identify divergences that could indicate potential trend reversals. A cumulative volume delta (CVD) calculation is employed to measure the intensity of these divergences in relation to price movements. The net volume sum is reset every trading day (can be changed from the settings using the anchor period option), and divergences are detected when the cumulative volume crosses the 0-line over or under. Once a significant divergence is detected, the indicator identifies breakout points, confirmed by either Fair Value Gaps (FVGs) or Order Blocks (OBs). Depending on your chosen entry mode, the indicator will trigger a buy or sell entry when the confirmation signal aligns with the breakout direction. Alerts for Buy, Sell, Take-Profit, and Stop-Loss are available. Note that the indicator cannot run on 1-minute and 1-second charts, as it needs to get data from a lower timeframe. 1-minutes & 1-second timeframes are the minimum timeframes in their ranges respectively. 🚩 UNIQUENESS What sets this indicator apart is the combination of volume divergence analysis with advanced price action tools like Fair Value Gaps (FVGs) and Order Blocks (OBs). The ability to choose between these methods, along with a dynamic TP/SL system that adapts based on volatility, provides flexibility for traders in any market condition. The backtesting dashboard provides metrics about the performance of the indicator. You can use it to tune the settings for best use in the current ticker. The CVD-based strategy ensures that trades are initiated only when meaningful divergences between volume and price occur, filtering out noise and increasing the likelihood of profitable trades. ⚙️ SETTINGS 1. General Configuration Anchor Period: Time anchor period used in CVD calculation. This is essentially the period that the volume delta sum will be reset. Lower timeframes may result in more entries at the cost of less reliable results. Entry Mode: Choose between FVGs or OBs to trigger your entries based on the confirmation signals. Retracement Requirement: Enable to confirm the entry after a retracement toward the FVG or OB. 2. Fair Value Gaps FVG Sensitivity: Modify the sensitivity of FVG detection, allowing for more or fewer gaps to be considered valid. 3. Order Blocks (OB) Swing Length: Define the swing length to identify OB formations. Shorter lengths find smaller OBs, while longer lengths detect larger structures. 4. TP / SL TP / SL Method: a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker. b) Fixed : You can adjust the exact TP / SL ratios from the settings below. Dynamic Risk: The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Pine Script® indicator
by fluxchart
5
Candle Range Theory | Flux Charts💎 GENERAL OVERVIEW Introducing our new Candle Range Theory Indicator! This powerful tool offers a strategy built around the Candle Range Theory, which analyzes market movements through the relative size and structure of price candles. For more information about the process, check the "HOW DOES IT WORK" section. Features of the new Candle Range Theory Indicator : Implementation of the Candle Range Theory FVG & Order Block Entry Methods 2 Different TP / SL Methods Customizable Execution Settings Customizable Backtesting Dashboard Alerts for Buy, Sell, TP & SL Signals 📌 HOW DOES IT WORK ? The Candle Range Theory (CRT) indicator operates by identifying significant price movements through the relative size and structure of candlesticks. A key part of the strategy is determining large candles based on their range compared to the Average True Range (ATR) in a higher timeframe. Once identified, a breakout of either the high wick or the low wick of the large candle is required. This breakout is considered a liquidity grab. After that, the indicator waits for confirmation through Fair Value Gaps (FVGs) or Order Blocks (OBs). The confirmation structure must be the opposite direction of the breakout, for example if the high wick is broken, a bearish FVG is required for the short entry. After a confirmation signal is received, the indicator will trigger entry points based on your chosen entry method (FVG or OB), and exit points will be calculated using either a dynamic ATR-based TP/SL method or fixed percentages. Alerts for Buy, Sell, Take-Proft, and Stop-Loss are available. 🚩 UNIQUENESS This indicator stands out because it combines two highly effective entry methods: Fair Value Gaps (FVGs) and Order Blocks (OBs). You can choose between these strategies depending on market conditions. Additionally, the dynamic TP/SL system uses the ticker's volatility to automatically calculate stop-loss and take-profit targets. The backtesting dashboard provides metrics about the performance of the indicator. You can use it to tune the settings for best use in the current tiker. The Candle Range Theory approach offers more flexibility compared to traditional indicators, allowing for better customization and control based on your risk tolerance. ⚙️ SETTINGS 1. General Configuration Higher Timeframe: Customize the higher timeframe for analysis. Recommended combinations include M15 -> H4, H4 -> Daily, Daily -> Weekly, and Weekly -> Monthly. HTF Candle Size: Define the size of the higher timeframe candles as Big, Normal, or Small to filter valid setups based on their range relative to ATR. Entry Mode: Choose between FVGs and Order Blocks for your entry triggers. Require Retracement: Enable this option if you want a retracement to the FVG or OB for entry confirmation. Show HTF Candle Lines: Toggle to display the higher timeframe candle lines for better visual clarity. 2. Fair Value Gaps FVG Sensitivity: You may select between Low, Normal, High or Extreme FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs. 3. Order Blocks Swing Length: Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks. 4. TP / SL TP / SL Method: a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker. b) Fixed : You can adjust the exact TP / SL ratios from the settings below. Dynamic Risk: The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Pine Script® indicator
by fluxchart
14
ICT Judas Swing | Flux Charts💎 GENERAL OVERVIEW Introducing our new ICT Judas Swing Indicator! This indicator is built around the ICT's "Judas Swing" strategy. The strategy looks for a liquidity grab around NY 9:30 session and a Fair Value Gap for entry confirmation. For more information about the process, check the "HOW DOES IT WORK" section. Features of the new ICT Judas Swing : Implementation of ICT's Judas Swing Strategy 2 Different TP / SL Methods Customizable Execution Settings Customizable Backtesting Dashboard Alerts for Buy, Sell, TP & SL Signals 📌 HOW DOES IT WORK ? The strategy begins by identifying the New York session from 9:30 to 9:45 and marking recent liquidity zones. These liquidity zones are determined by locating high and low pivot points: buyside liquidity zones are identified using high pivots that haven't been invalidated, while sellside liquidity zones are found using low pivots. A break of either buyside or sellside liquidity must occur during the 9:30-9:45 session, which is interpreted as a liquidity grab by smart money. The strategy assumes that after this liquidity grab, the price will reverse and move in the opposite direction. For entry confirmation, a fair value gap (FVG) in the opposite direction of the liquidity grab is required. A buyside liquidity grab calls for a bearish FVG, while a sellside grab requires a bullish FVG. Based on the type of FVG—bullish for buys and bearish for sells—the indicator will then generate a Buy or Sell signal. After the Buy or Sell signal, the indicator immediately draws the take-profit (TP) and stop-loss (SL) targets. The indicator has three different TP & SL modes, explained in the "Settings" section of this write-up. You can set up alerts for entry and TP & SL signals, and also check the current performance of the indicator and adjust the settings accordingly to the current ticker using the backtesting dashboard. 🚩 UNIQUENESS This indicator is an all-in-one suit for the ICT's Judas Swing concept. It's capable of plotting the strategy, giving signals, a backtesting dashboard and alerts feature. Different and customizable algorithm modes will help the trader fine-tune the indicator for the asset they are currently trading. Three different TP / SL modes are available to suit your needs. The backtesting dashboard allows you to see how your settings perform in the current ticker. You can also set up alerts to get informed when the strategy is executable for different tickers. ⚙️ SETTINGS 1. General Configuration Swing Length -> The swing length for pivot detection. Higher settings will result in FVG Detection Sensitivity -> You may select between Low, Normal, High or Extreme FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs. 2. TP / SL TP / SL Method -> a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker. b) Fixed : You can adjust the exact TP / SL ratios from the settings below. Dynamic Risk -> The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Pine Script® indicator
by fluxchart
18
HTF Inversion Fair Value Gap | Flux Charts💎 GENERAL OVERVIEW Introducing our new Higher Timeframe Inversion Fair Value Gaps (IFVG) indicator! Inversion Fair Value Gaps occur when a Fair Value Gap becomes invalidated. They reverse the role of the original Fair Value Gap, making a bullish zone bearish and vice versa. This indicator finds the latest IFVG in a higher timeframe and renders it in the current chart with it's divergence. For more information about the process, read the "HOW DOES IT WORK" section of the description. Features of the new Higher Timeframe IFVG Indicator : Renders The Higher Timeframe IFVG Invalidation Borders Variety Of Zone Detection / Sensitivity / Filtering / Invalidation Settings High Customizability 🚩 UNIQUENESS This indicator lets you take a look at the bigger picture by rendering the latest IFVG in a higher timeframe. You can see the current IFVG divergence to see how is the price action acting around the IFVG. You also can customize the FVG Filtering method, FVG & IFVG Zone Invalidation, Detection Sensitivity etc. according to your needs to get the best performance from the indicator. 📌 HOW DOES IT WORK ? A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inversion Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG. This indicator then renders the IFVG in a higher timeframe in your chart like this : The opaque dashed lines at the top and the bottom of the IFVG indicate the bars that formed the original FVG. The middle dashed line that is semi-transparent shows the candlestick that invalidated the original FVG, thus created the current IFVG. The vertical solid top & bottom wicks indicate the current divergence of the highest & lowest points to the current IFVG. The IFVGs can act as strong support & resistance points, depending on their creation volume and invalidation volume. Traders can use them for confirmation signals to their positions. ⚙️ SETTINGS 1. General Configuration Higher Timeframe -> The higher timeframe to detect latest IFVG from. Keep in mind that his setting must be higher than the current timeframe. IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. 2. Fair Value Gaps FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation. Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average. FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish. Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs. 3. Dasboard You can enable / disable the mitigation dashboard and customize it here. 4. Customization Offset -> The number of candlesticks the IFVG will be rendered to the right of the latest bar. Width -> The width of the rendered IFVG in candlesticks.
Pine Script® indicator
by fluxchart
4
RSI (Kernel Optimized) | Flux Charts💎 GENERAL OVERVIEW Introducing our new KDE Optimized RSI Indicator! This indicator adds a new aspect to the well-known RSI indicator, with the help of the KDE (Kernel Density Estimation) algorithm, estimates the probability of a candlestick will be a pivot or not. For more information about the process, please check the "HOW DOES IT WORK ?" section. Features of the new KDE Optimized RSI Indicator : A New Approach To Pivot Detection Customizable KDE Algorithm Realtime RSI & KDE Dashboard Alerts For Possible Pivots Customizable Visuals ❓ HOW TO INTERPRET THE KDE % The KDE % is a critical metric that reflects how closely the current RSI aligns with the KDE (Kernel Density Estimation) array. In simple terms, it represents the likelihood that the current candlestick is forming a pivot point based on historical data patterns. a low percentage suggests a lower probability of the current candlestick being a pivot point. In these cases, price action is less likely to reverse, and existing trends may continue. At moderate levels, the possibility of a pivot increases, indicating potential trend shifts or consolidations.Traders should start monitoring closely for confirmation signals. An even higher KDE % suggests a strong likelihood that the current candlestick could form a pivot point, which could lead to a reversal or significant price movement. These points often align with overbought or oversold conditions in traditional RSI analysis, making them key moments for potential trade entry or exit. 📌 HOW DOES IT WORK ? The RSI (Relative Strength Index) is a widely used oscillator among traders. It outputs a value between 0 - 100 and gives a glimpse about the current momentum of the price action. This indicator then calculates the RSI for each candlesticks, and saves them into an array if the candlestick is a pivot. The low & high pivot RSIs' are inserted into two different arrays. Then the a KDE array is calculated for both of the low & high pivot RSI arrays. Explaining the KDE might be too much for this write-up, but for a brief explanation, here are the steps : 1. Define the necessary options for the KDE function. These are : Bandwidth & Nº Steps, Array Range (Array Max - Array Min) 2. After that, create a density range array. The array has (steps * 2 - 1) elements and they are calculated by (arrMin + i * stepCount), i being the index. 3. Then, define a kernel function. This indicator has 3 different kernel distribution modes : Uniform, Gaussian and Sigmoid 4. Then, define a temporary value for the current element of KDE array. 5. For each element E in the pivot RSI array, add "kernel(densityRange.get(i) - E, 1.0 / bandwidth)" to the temporary value. 6. Add 1.0 / arrSize * to the KDE array. Then the prefix sum array of the KDE array is calculated. For each candlestick, the index closest to it's RSI value in the KDE array is found using binary search. Then for the low pivot KDE calculation, the sum of KDE values from found index to max index is calculated. For the high pivot KDE, the sum of 0 to found index is used. Then if high or low KDE value is greater than the activation threshold determined in the settings, a bearish or bullish arrow is plotted after bar confirmation respectively. The arrows are drawn as long as the KDE value of current candlestick is greater than the threshold. When the KDE value is out of the threshold, a less transparent arrow is drawn, indicating a possible pivot point. 🚩 UNIQUENESS This indicator combines RSI & KDE Algorithm to get a foresight of possible pivot points. Pivot points are important entry, confirmation and exit points for traders. But to their nature, they can be only detected after more candlesticks are rendered after them. The purpose of this indicator is to alert the traders of possible pivot points using KDE algorithm right away when they are confirmed. The indicator also has a dashboard for realtime view of the current RSI & Bullish or Bearish KDE value. You can fully customize the KDE algorithm and set up alerts for pivot detection. ⚙️ SETTINGS 1. RSI Settings RSI Length -> The amount of bars taken into account for RSI calculation. Source -> The source value for RSI calculation. 2. Pivots Pivot Lengths -> Pivot lengths for both high & low pivots. For example, if this value is set to 21; 21 bars before AND 21 bars after a candlestick must be higher for a candlestick to be a low pivot. 3. KDE Activation Threshold -> This setting determines the amount of arrows shown. Higher options will result in more arrows being rendered. Kernel -> The kernel function as explained in the upper section. Bandwidth -> The bandwidth variable as explained in the upper section. The smoothness of the KDE function is tied to this setting. Nº Bins -> The Nº Steps variable as explained in the upper section. It determines the precision of the KDE algorithm.
Pine Script® indicator
by fluxchart
24
ICT Unicorn | Flux Charts💎 GENERAL OVERVIEW Introducing our new ICT Unicorn Indicator! This indicator is built around the ICT's "Unicorn" strategy. The strategy uses Breaker Blocks and Fair Value Gaps for entry confirmation. For more information about the process, check the "HOW DOES IT WORK" section. Features of the new ICT Unicorn Indicator : Implementation of ICT's Unicorn Strategy Toggleable Retracement Entry Method 3 Different TP / SL Methods Customizable Execution Settings Customizable Backtesting Dashboard Alerts for Buy, Sell, TP & SL Signals 📌 HOW DOES IT WORK ? The ICT Unicorn entry model merges the concepts of Breaker Blocks and Fair Value Gaps (FVGs), offering a distinct method for identifying trade opportunities. By integrating these two elements, we can have a position entry with stop-loss and take-profit targets on the potential support & resistance zones. This model is particularly reliable for trade entry, as it combines two powerful entry techniques. An ICT Unicorn Model consists of a FVG which is overlapping with a Breaker Block of the same type. Here is an example : When a FVG overlaps with a Breaker Block of the same type, the indicator gives a Buy or Sell signal depending on the FVG type (Bullish & Bearish). If the "Require Retracement" option is enabled in the settings, the signals are not given immediately. Instead, the current price of the ticker will need to touch the FVG once more before the signals are given. After the Buy or Sell signal, the indicator immediately draws the take-profit (TP) and stop-loss (SL) targets. The indicator has three different TP & SL modes, explained in the "Settings" section of this write-up. You can set up alerts for entry and TP & SL signals, and also check the current performance of the indicator and adjust the settings accordingly to the current ticker using the backtesting dashboard. 🚩 UNIQUENESS This indicator is an all-in-one suit for the ICT's Unicorn concept. It's capable of plotting the strategy, giving signals, a backtesting dashboard and alerts feature. Different and customizable algorithm modes will help the trader fine-tune the indicator for the asset they are currently trading. Three different TP / SL modes are available to suit your needs. The backtesting dashboard allows you to see how your settings perform in the current ticker. You can also set up alerts to get informed when the strategy is executable for different tickers. ⚙️ SETTINGS 1. General Configuration FVG Detection Sensitivity -> You may select between Low, Normal, High or Extreme FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs. Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order & breaker blocks. Require Retracement -> a) Disabled : The entry signal is given immediately once a FVG overlaps with a Breaker Block of the same type. b) Enabled : The current price of the ticker will need to touch the FVG once more before the entry signal is given. 2. TP / SL TP / SL Method -> a) Unicorn : This is the default option. The SL will be set to the lowest low of the last 100 bars with an extra offset in a Buy signal. For Sell signals, the SL will be set to the highest high of the last 100 bars with an extra offset. The TP is then set to a value using the SL value and maintaining a risk-reward ratio. b) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker. c) Fixed : You can adjust the exact TP / SL ratios from the settings below. Dynamic Risk -> The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Pine Script® indicator
by fluxchart
20
Theta Shield | Flux Charts💎 GENERAL OVERVIEW Introducing our new Theta Shield indicator! Theta is the options risk factor concerning how fast there is a decline in the value of an option over time. This indicator aims to help the trader avoid sideways market phases in the current ticker, to minimize the risk of theta decay. For more information, please check the "How Does It Work" section. Features of the new Theta Shield Indicator : Foresight Of Accumulation Zones Decrease Risk Of Theta Decay Clear "Valid" & "Non-Valid" Signals Validness Trail Alerts 📌 HOW DOES IT WORK ? In options trading, theta is defined as the rate of decline in the value of an option due to the passage of time. Traders want to avoid this kind of decay in the value of an option. One of the best ways to avoid it is not holding an option contract when the market is going sideways. This indicator uses a stochastic oscillator to try to get a foresight of sideways markets, warning the trader to not hold an option contract while the price is in a range. The indicator starts by calculating the stochastic value using close, high & low prices of the candlesticks. Then a stoch threshold & a theta length are determined depending on the option contract type defined by the user in the settings of the indicator. Each candlestick that falls above or below the stoch threshold value is counted, and a "theta valid strength" is calculated using the counted candlesticks, which has a value between -100 & 100. Here is the formula of the "theta valid strength" value : f_lin_interpolate(float x0, float x1, float y0, float y1, float x) => y0 + (x - x0) * (y1 - y0) / (x1 - x0) thetaValid = Total Candlesticks That Fall Above & Below The Threshold In Last "Theta Length" bars. thetaValidStrength = f_lin_interpolate(0, thetaLength, -100, 100, thetaValid) Then a trail is rendered, and "Valid" & "Non-Valid" signals are given using this freshly calculated strength value. Valid means that the indicator currently thinks that no accumulation will happen in the near future, so the option positions in the current ticker are protected from the theta decay. Non-Valid means that the indicator thinks the ticker has entered the accumulation phase, so holding any option position is not recommended, as they may be affected by the theta decay. 🚩 UNIQUENESS This indicator offers a unique way to avoid theta decay in options trading. It uses a stochastic oscillator and thresholds to calculate a "theta strength" value, which is used for rendering validness signals and a trail. Traders can follow the valid & non-valid signals when deciding to hold their options position or not. The indicator also has an alerts feature, so you can get notified when a ticker is about to enter a range, or when it's about to get out of it. ⚙️ SETTINGS 1. General Configuration Contract Type -> You can set the option contract type here. The indicator will adjust itself to get a better foresight depending on the contract length. 2. Style Fill Validness -> Will render a trail based on "theta strength" value.
Pine Script® indicator
by fluxchart
3
MACD Trail | Flux Charts💎 GENERAL OVERVIEW Introducing our new MACD Trail indicator! Moving average convergence/divergence (MACD) is a well-known indicator among traders. It's a trend-following indicator that uses the relationship between two exponential moving averages (EMAs). This indicator aims to use MACD to generate a trail that follows the current price of the ticker, which can act as a support / resistance zone. More info about the process in the "How Does It Work" section. Features of the new MACD Trail Indicator : A Trail Generated Using MACD Calculation Customizable Algorithm Customizable Styling 📌 HOW DOES IT WORK ? First of all, this indicator calculates the current MACD of the ticker using the user's input as settings. Let X = MACD Length setting ; MACD ~= X Period EMA - (X * 2) Period EMA Then, two MACD Trails are generated, one being bullish and other being bearish. Let ATR = 30 period ATR (Average True Range) Bullish MACD Trail = Current Price + MACD - (ATR * 1.75) Bearish MACD Trail = Current Price + MACD + (ATR * 1.75) The indicator starts by rendering only the Bullish MACD Trail. Then if it's invalidated (candlestick closes below the trail) it switches to Bearish MACD Trail. The MACD trail switches between bullish & bearish as they get invalidated. The trail type may give a hint about the current trend of the price action. The trail itself also can act as a support / resistance zone, here is an example : 🚩 UNIQUENESS While MACD is one of the most used indicators among traders, this indicator aims to add another functionality to it by rendering a trail based on it. This trail may act as a support / resistance zone as described above, and gives a glimpse about the current trend. The indicator also has custom MACD Length and smoothing options, as well as various style options. ⚙️ SETTINGS 1. General Configuration MACD Length -> This setting adjusts the EMA periods used in MACD calculation. Increasing this setting will make MACD more responseive to longer trends, while decreasing it may help with detection of shorter trends. Smoothing -> The smoothing of the MACD Trail. Increasing this setting will help smoothen out the MACD Trail line, but it can also make it less responsive to the latest changes.
Pine Script® indicator
by fluxchart
Trend Strength | Flux Charts💎 GENERAL OVERVIEW Introducing the new Trend Strength indicator! Latest trends and their strengths play an important role for traders. This indicator aims to make trend and strength detection much easier by coloring candlesticks based on the current strength of trend. More info about the process in the "How Does It Work" section. Features of the new Trend Strength Indicator : 3 Trend Detection Algorithms Combined (RSI, Supertrend & EMA Cross) Fully Customizable Algorithm Strength Labels Customizable Colors For Bullish, Neutral & Bearish Trends 📌 HOW DOES IT WORK ? This indicator uses three different methods of trend detection and combines them all into one value. First, the RSI is calculated. The RSI outputs a value between 0 & 100, which this indicator maps into -100 <-> 100. Let this value be named RSI. Then, the Supertrend is calculated. Let SPR be -1 if the calculated Supertrend is bearish, and 1 if it's bullish. After that, latest EMA Cross is calculated. This is done by checking the distance between the two EMA's adjusted by the user. Let EMADiff = EMA1 - EMA2. Then EMADiff is mapped from -ATR * 2 <-> ATR * 2 to -100 <-> 100. Then a Total Strength (TS) is calculated by given formula : RSI * 0.5 + SPR * 0.2 + EMADiff * 0.3 The TS value is between -100 <-> 100, -100 being fully bearish, 0 being true neutral and 100 being fully bullish. Then the Total Strength is converted into a color adjusted by the user. The candlesticks in the chart will be presented with the calculated color. If the Labels setting is enabled, each time the trend changes direction a label will appear indicating the new direction. The latest candlestick will always show the current trend with a label. EMA = Exponential Moving Average RSI = Relative Strength Index ATR = Average True Range 🚩 UNIQUENESS The main point that differentiates this indicator from others is it's simplicity and customization options. The indicator interprets trend and strength detection in it's own way, combining 3 different well-known trend detection methods: RSI, Supertrend & EMA Cross into one simple method. The algorithm is fully customizable and all styling options are adjustable for the user's liking. ⚙️ SETTINGS 1. General Configuration Detection Length -> This setting determines the amount of candlesticks the indicator will look for trend detection. Higher settings may help the indicator find longer trends, while lower settings will help with finding smaller trends. Smoothing -> Higher settings will result in longer periods of time required for trend to change direction from bullish to bearish and vice versa. EMA Lengths -> You can enter two EMA Lengths here, the second one must be longer than the first one. When the shorter one crosses under the longer one, this will be a bearish sign, and if it crosses above it will be a bullish sign for the indicator. Labels -> Enables / Disables trend strength labels.
Pine Script® indicator
by fluxchart
6
ICT Power Of Three | Flux Charts💎 GENERAL OVERVIEW Introducing our new ICT Power Of Three Indicator! This indicator is built around the ICT's "Power Of Three" strategy. This strategy makes use of these 3 key smart money concepts : Accumulation, Manipulation and Distribution. Each step is explained in detail within this write-up. For more information about the process, check the "HOW DOES IT WORK" section. Features of the new ICT Power Of Three Indicator : Implementation of ICT's Power Of Three Strategy Different Algorithm Modes Customizable Execution Settings Customizable Backtesting Dashboard Alerts for Buy, Sell, TP & SL Signals 📌 HOW DOES IT WORK ? The "Power Of Three" comes from these three keywords "Accumulation, Manipulation and Distribution". Here is a brief explanation of each keyword : Accumulation -> Accumulation phase is when the smart money accumulate their positions in a fixed range. This phase indicates price stability, generally meaning that the price constantly switches between up & down trend between a low and a high pivot point. When the indicator detects an accumulation zone, the Power Of Three strategy begins. Manipulation -> When the smart money needs to increase their position sizes, they need retail traders' positions for liquidity. So, they manipulate the market into the opposite direction of their intended direction. This will result in retail traders opening positions the way that the smart money intended them to do, creating liquidity. After this step, the real move that the smart money intended begins. Distribution -> This is when the real intention of the smart money comes into action. With the new liquidity thanks to the manipulation phase, the smart money add their positions towards the opposite direction of the retail mindset. The purpose of this indicator is to detect the accumulation and manipulation phases, and help the trader move towards the same direction as the smart money for their trades. Detection Methods Of The Indicator : Accumulation -> The indicator detects accumulation zones as explained step-by-step : 1. Draw two lines from the lowest point and the highest point of the latest X bars. 2. If the (high line - low line) is lower than Average True Range (ATR) * accumulationConstant 3. After the condition is validated, an accumulation zone is detected. The accumulation zone will be invalidated and manipulation phase will begin when the range is broken. Manipulation -> If the accumulation range is broken, check if the current bar closes / wicks above the (high line + ATR * manipulationConstant) or below the (low line - ATR * manipulationConstant). If the condition is met, the indicator detects a manipulation zone. Distribution -> The purpose of this indicator is to try to foresee the distribution zone, so instead of a detection, after the manipulation zone is detected the indicator automatically create a "shadow" distribution zone towards the opposite direction of the freshly detected manipulation zone. This shadow distribution zone comes with a take-profit and stop-loss layout, customizable by the trader in the settings. The X bars, accumulationConstant and manipulationConstant are subject to change with the "Algorithm Mode" setting. Read the "Settings" section for more information. This indicator follows these steps and inform you step by step by plotting them in your chart. 🚩UNIQUENESS This indicator is an all-in-one suite for the ICT's Power Of Three concept. It's capable of plotting the strategy, giving signals, a backtesting dashboard and alerts feature. Different and customizable algorithm modes will help the trader fine-tune the indicator for the asset they are currently trading. The backtesting dashboard allows you to see how your settings perform in the current ticker. You can also set up alerts to get informed when the strategy is executable for different tickers. ⚙️SETTINGS 1. General Configuration Algorithm Mode -> The indicator offers 3 different detection algorithm modes according to your needs. Here is the explanation of each mode. a) Small Manipulation This mode has the default bar length for the accumulation detection, but a lower manipulation constant, meaning that slighter imbalances in the price action can be detected as manipulation. This setting can be useful on tickers that have lower liquidity, thus can be manipulated easier. b) Big Manipulation This mode has the default bar length for the accumulation detection, but a higher manipulation constant, meaning that heavier imbalances on the price action are required in order to detect manipulation zones. This setting can be useful on tickers that have higher liquidity, thus can be manipulated harder. c) Short Accumulation This mode has a ~70% lower bar length requirement for accumulation zone detection, and the default manipulation constant. This setting can be useful on tickers that are highly volatile and do not enter accumulation phases too often. Breakout Method -> If "Close" is selected, bar close price will be taken into calculation when Accumulation & Manipulation zone invalidation. If "Wick" is selected, a wick will be enough to validate the corresponding zone. 2. TP / SL TP / SL Method -> If "Fixed" is selected, you can adjust the TP / SL ratios from the settings below. If "Dynamic" is selected, the TP / SL zones will be auto-determined by the algorithm. Risk -> The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted. 3. Visuals Show Zones -> Enables / Disables rendering of Accumulation (yellow) and Manipulation (red) zones.
Pine Script® indicator
by fluxchart
34
Weighted Volume Profile Pivot Points | Flux Charts💎 GENERAL OVERVIEW Introducing our new Weighted Volume Profile Pivot Points (WVPPP) Indicator! This indicator renders a volume profile using the latest pivot points, automatically adjusting itself when new pivots occur. The pivoting mode can be switched between default pivot points and order blocks mode. It can be adjusted to give more weight to recent or past candlesticks, or can be used as a normal volume profile. For more information, please read the full write-up. Features of the new Weighted Volume Profile Pivot Points (WVPPP) Indicator : Renders Volume Profile Of The Range Between Latest Pivots Two Pivoting Modes Including Order Blocks Mode Adjustable Weighthing Towards Past or Recent Customizable Row Count & Maximum Distance Left or Right Alignment More Styling Options 🚩UNIQUENESS This indicator stands out with two key features. One is it's ability to weight volumes based on their distance to the current time. Giving weight to volumes may offer new trading opportunities to traders as they can now see the most recent Point Of Control (POC) or a more powerful but past POC based on their choice. Another key feature the indicator has is that it automatically finds latest valid pivot points, and uses that range for the volume profile. The range changes dynamically as new pivots points emerge. You can select between normal pivot points and order blocks mode. The indicator also has a variety of useful styling settings such as aligning the volume profile to the right or the left of the chart, POC Line styling and color settings for bullish & bearish volumes. 📌 HOW DOES IT WORK ? A volume profile provides an in-depth look at trading activity over a period of time by plotting a histogram on the price axis. This indicator can also give weight to volumes based on their distance to the current time, essentially determining their importance for the profile. The range which the volume profile will cover is determined by the latest pivot points. Here is how it works step-by-step : 1. Determine how much candlesticks the volume profile will cover (Analyze Bars setting) 2. Find the latest pivot points. If the mode is set to "Pivots", the pivot points are the candlesticks which has the highest / lowest wick in X amount of bars (Swing Length setting). If the mode is set to "Order Blocks", the volume profile range is the area between the latest buyside order block and the sellside order block. Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific candlestick formations on the chart. For more information about the order block detection, I suggest you checking the write-up of our "Volumized Order Blocks" script. Increasing the "Swing Length" setting is recommended when the mode is set to "Pivots", as this will help in finding stronger pivot points. 3. Make a range using the latest pivot points, then divide it into rows (Row Count setting) 4. Then for each candlestick, add it's volume to the corresponding row in the range. Note that the volume can be added into several rows if it overlaps with them all. 5. If the candlestick is a bullish candlestick, we add it's volume into the bullish volume of the row, if it's a bearish candlestick, we add it to the bearish volume of the row. With the weighted volume mode, which is activated if "Volume Weighthing" setting is set to "Recent" or "Past", all volumes get a penalty based on their distance to the latest candletstick. For example, if the setting is set to "Recent", the latest candlestick contributes it's volume by 100% to the corresponding row, but the candlestick which is 50 candlesticks far from the current candlestick only contributes it's volume by ~17% to the row. The same applies to the "Past" setting, but in the reversed order, where past candlesticks have more priority than the current ones. Volume contribution percent for "Recent" setting : ((100 * 0.85) / (i + 1)) + (100 * (1.0 - 0.85)) Volume contribution percent for "Past" setting : ((100 * 0.85) * ((i + 1) / N)) + (100 * (1.0 - 0.85)) Where i = candlestick index from right to left, N = total number of candlesticks analyzed by the volume profile. The Point Of Control (POC) line is drawn from the row with the most total volume, and is generally considered as a strong level because a lot of trading volume happened on that particular row. Traders may use this line as a support & resistance level. We believe that automatically ranging the volume profile to important pivot points will help traders see crucial volume information easier without unnecessary hassle. Traders can use this indicator to have an insight of areas which price moves quickly without much volume, or see areas that holds the price still for much longer and plan their trades accordingly. ⚙️SETTINGS 1. General Configuration Mode -> The pivoting mode that is switchable between "Pivots" and "Order Blocks" as described in the write-up. Please read the upper section to understand how this setting works. Analyze Bars -> Total amount of bars that will be analyzed by the indicator from right to left. Row Count -> The amount of rows that will the vertical range between pivot points will be divided into. Volume Weighting -> The volume weighting mode as explained in the write-up. 2. Style Highlight Sessions -> The volume profile sessions will be highlighted with a blue tint. To prevent confusion, highlighting will not work if the alignment is set to "Right". Align To -> The alignment of the volume profile.
Pine Script® indicator
by fluxchart
11
Weighted Volume Profile | Flux Charts💎 GENERAL OVERVIEW Introducing our new Weighted Volume Profile Indicator! This indicator renders a volume profile based on the volume of latest candlesticks. It can be adjusted to give more weight to recent or past candlesticks, or can be used as a normal volume profile. For more information, please read the full write-up. Features of the new Weighted Volume Profile indicator : Renders Volume Profile Of Current Ticker Adjustable Weighthing Towards Past or Recent Customizable Row Count & Maximum Distance Left or Right Alignment More Styling Options 🚩UNIQUENESS This indicator differs from a normal volume profile indicator by it's ability to weight volumes based on their distance to the current time. Giving weight to volumes may offer new trading opportunities to traders as they can now see the most recent Point Of Control (POC) or a more powerful but past POC based on their choice. The indicator also has a variety of useful styling settings such as aligning the volume profile to the right or the left of the chart, POC Line styling and color settings for bullish & bearish volumes. 📌 HOW DOES IT WORK ? A volume profile provides an in-depth look at trading activity over a period of time by plotting a histogram on the price axis. This indicator can also give weight to volumes based on their distance to the current time, essentially determining their importance for the profile. Here is how it works step-by-step : 1. Determine how much candlesticks the volume profile will cover (Analyze Bars setting) 2. Make a range from the highest point of chart to the lowest point of chart, then divide it into rows (Row Count setting) 3. For each candlestick, add it's volume to the corresponding row in the range. Note that the volume can be added into several rows if it overlaps with them. 4. If the candlestick is a bullish candlestick, we add it's volume into the bullish volume of the row, if it's a bearish candlestick, we add it to the bearish volume of the row. With the weighted volume mode, which is activated if "Volume Weighthing" setting is set to "Recent" or "Past", all volumes get a penalty based on their distance to the latest candletstick. For example, if the setting is set to "Recent", the latest candlestick contributes it's volume by 100% to the corresponding row, but the candlestick which is 50 candlesticks far from the current candlestick only contributes it's volume by ~17% to the row. The same applies to the "Past" setting, but in the reversed order, where past candlesticks have more priority than the current ones. Volume contribution percent for "Recent" setting : ((100 * 0.85) / (i + 1)) + (100 * (1.0 - 0.85)) Volume contribution percent for "Past" setting : ((100 * 0.85) * ((i + 1) / N)) + (100 * (1.0 - 0.85)) Where i = candlestick index from right to left, N = total number of candlesticks analyzed by the volume profile. The Point Of Control (POC) line is drawn from the row with the most total volume, and is generally considered as a strong level because a lot of trading volume happened on that particular row. Traders may use this line as a support & resistance level. Traders can use this indicator to have an insight of areas which price moves quickly without much volume, or see areas that holds the price still for much longer and plan their trades accordingly. ⚙️SETTINGS 1. General Configuration Analyze Bars -> Total amount of bars that will be analyzed by the indicator from right to left. Row Count -> The amount of rows that will the vertical range of chart will be divided into. Volume Weighting -> The volume weighting mode as explained in the write-up. 2. Style Align To -> The alignment of the volume profile.
Pine Script® indicator
by fluxchart
5
Propulsion Blocks | Flux Charts💎 GENERAL OVERVIEW Introducing our new Propulsion Blocks indicator! This new indicator can find & render ICT's propulsion blocks in the current ticker. It's highly customizable with detection, invalidation and style settings. For more information, please visit the "HOW DOES IT WORK ?" section. Features of the new Propulsion Blocks indicator : Render Bullish & Bearish Propulsion Blocks Customizable Algorithm Enable / Disable Historic Zones Visual Customizability 📌 HOW DOES IT WORK ? Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart. One of which this indicator uses requires a large engulfing candlestick right after another one of the opposite direction. Then if the price comes back to retest the area that two candlesticks create, then it's an order block pattern. Propulsion blocks are a specific type of order block used in the trading methodology. They build on the concept of order blocks and aim to identify potential areas for strong price movements. They are detected when a candlestick wicks to any existing order block, retesting it. Then a strong momentum in the direction of the order block is needed for the propulsion block to get created. Check this example : You can use them as entry / exit points, or for confirmations for your trades. For example, a successful retest attempt to a bullish propulsion block might hint a strong bullish momentum. This indicator works best when used together with other ICT concepts. 🚩UNIQUENESS Propulsion blocks can help traders identify key levels in a chart, and can be used mainly for confirmation. This indicator can identify and show them automatically in your chart, and provides customization settings for order & propulsion block detection and invalidation. Another capability of the indicator is that it combines overlapping order & propulsion blocks so you will have a clean look at the chart without any overlapping zones. ⚙️SETTINGS 1. General Configuration Show Historic Zones -> This setting will hide invalidated propulsion blocks if enabled. Max Distance To Last Bar -> This setting defines the maximum range that the indicator will find propulsion blocks to the past. Higher options will make older zones visible. Zone Invalidation -> Select between Wick & Close price for Order Block & Propulsion Block Invalidation. Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
Pine Script® indicator
by fluxchart
11
ICT Turtle Soup | Flux Charts💎 GENERAL OVERVIEW Introducing our new ICT Turtle Soup Indicator! This indicator is built around the ICT "Turtle Soup" model. The strategy has 5 steps for execution which are described in this write-up. For more information about the process, check the "HOW DOES IT WORK" section. Features of the new ICT Turtle Soup Indicator : Implementation of ICT's Turtle Soup Strategy Adaptive Entry Method Customizable Execution Settings Customizable Backtesting Dashboard Alerts for Buy, Sell, TP & SL Signals 📌 HOW DOES IT WORK ? The ICT Turtle Soup strategy may have different implementations depending on the selected method of the trader. This indicator's implementation is described as : 1. Mark higher timerame liquidity zones. Liquidity zones are where a lot of market orders sit in the chart. They are usually formed from the long / short position holders' "liquidity" levels. There are various ways to find them, most common one being drawing them on the latest high & low pivot points in the chart, which this indicator does. 2. Mark current timeframe market structure. The market structure is the current flow of the market. It tells you if the market is trending right now, and the way it's trending towards. It's formed from swing higs, swing lows and support / resistance levels. 3. Wait for market to make a liquidity grab on the higher timeframe liquidity zone. A liquidity grab is when the marked liquidity zones have a false breakout, which means that it gets broken for a brief amount of time, but then price falls back to it's previous position. 4. Buyside liquidity grabs are "Short" entries and Sellside liquidity grabs are "Long" entries by default. 5. Wait for the market-structure shift in the current timeframe for entry confirmation. A market-structure shift happens when the current market structure changes, usually when a new swing high / swing low is formed. This indicator uses it as a confirmation for position entry as it gives an insight of the new trend of the market. 6. Place Take-Profit and Stop-Loss levels according to the risk ratio. This indicator uses "Average True Range" when placing the stop-loss & take-profit levels. Average True Range calculates the average size of a candle and the indicator places the stop-loss level using ATR times the risk setting determined by the user, then places the take-profit level trying to keep a minimum of 1:1 risk-reward ratio. This indicator follows these steps and inform you step by step by plotting them in your chart. 🚩UNIQUENESS This indicator is an all-in-one suit for the ICT's Turtle Soup concept. It's capable of plotting the strategy, giving signals, a backtesting dashboard and alerts feature. It's designed for simplyfing a rather complex strategy, helping you to execute it with clean signals. The backtesting dashboard allows you to see how your settings perform in the current ticker. You can also set up alerts to get informed when the strategy is executable for different tickers. ⚙️SETTINGS 1. General Configuration MSS Swing Length -> The swing length when finding liquidity zones for market structure-shift detection. Higher Timeframe -> The higher timeframe to look for liquidity grabs. This timeframe setting must be higher than the current chart's timeframe for the indicator to work. Breakout Method -> If "Wick" is selected, a bar wick will be enough to confirm a market structure-shift. If "Close" is selected, the bar must close above / below the liquidity zone to confirm a market structure-shift. Entry Method -> "Classic" : Works as described on the "HOW DOES IT WORK" section. "Adaptive" : When "Adaptive" is selected, the entry conditions may chance depending on the current performance of the indicator. It saves the entry conditions and the performance of the past entries, then for the new entries it checks if it predicted the liquidity grabs correctly with the current setup, if so, continues with the same logic. If not, it changes behaviour to reverse the entries from long / short to short / long. 2. TP / SL TP / SL Method -> If "Fixed" is selected, you can adjust the TP / SL ratios from the settings below. If "Dynamic" is selected, the TP / SL zones will be auto-determined by the algorithm. Risk -> The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Pine Script® indicator
by fluxchart
34
Supply & Demand (MTF) | Flux Charts💎 GENERAL OVERVIEW Introducing our new Supply and Demand (MTF) Indicator! This new indicator renders Supply and Demand zones based on momentum candles. It can detect Supply and Demand zones across up to 3 diferent timeframes. It's capable of combining zones, retest & break labels and it's customizable with invalidation and style settings. Features of the new Supply and Demand (MTF) Indicator: Renders Supply and Demand Zones Across 3 Timeframes Combination Of Overlapping Zones Retest & Break Labels Retest & Break Alerts Enable / Disable Historic Zones Visual Customizability 📌 HOW DOES IT WORK ? Supply and Demand is a key concept in trading. It helps traders see the zones that market-makers buy & sell the asset in large amounts. It's detected by finding momentum candles (candles that have large bodies) in a row. Momentum candles are defined to have a larger body than the average candle in the chart, and at least 4 of them in a row is required to draw a supply or demand zone. The zone is drawn from the high wick to low wick of two candles before the first momentum candle in the row. Check this example : These zones are usually where market makers trade the asset in larger amounts. Thus, they act as support & resistance zones by their nature. A retest of these zones can make the price bounce to the opposite direction, while a breakout usually means strong price action momentum is incoming in that direction. Supply zones indicate bearish momentum while demand zones indicate bullish momentum. Check this example : Here a Supply Zone (Bearish) forms. Then price comes back up to test the zone, and it fails to break. After the failed attemp, a stong bearish momentum takes the price back to a lower level. Then another test of the zone occurs and successfully breaks the zone this time. This breakout starts a bullish momentum that takes the price to a higher level. 🚩UNIQUENESS This indicator provides Supply and Demand zones in your chart with pure simplicity. It supports up to 3 different timeframes as we believe supporting your trades with higher timeframes can improve your trading experience. It also gets rid of complexity by combining overlapping zones into a single zone, even if they are from different timeframes! You can also set-up alerts to get notified when a supply or demand zone is being retested, or is broken. Overall, this indicator is the ultimate kit for supply and demand zones. ⚙️SETTINGS 1. General Configuration Max Distance To Last Bar -> The maximum distance that the indicator will render supply and demand zones from. Higher settings mean rendering older supply and demand zones. Zone Invalidation -> Select between Wick & Close price for Supply and Demand Zone Invalidation. Retests & Breaks -> Enable retest & break labels in your chart. Show Historic Zones -> This will show historic supply & demand zones which are invalidated if enabled. You can disable this to only see active supply and demand zones for a simpler chart. 2. Timeframes You can set up to 3 different timeframes and enable / disable them using the checkboxes in this section.
Pine Script® indicator
by fluxchart
18