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Orthogonal Projections to Latent Structures (O-PLS)Version 0.1 Orthogonal Projections to Latent Structures (O-PLS) Indicator for TradingView This indicator, named "Orthogonal Projections to Latent Structures (O-PLS)", is designed to help traders understand the relevance or predictive power of various market variables on the future close price of the asset it's applied to. Unlike standard correlation coefficients that show a simple linear relationship, O-PLS aims to separate variables into "predictive" (relevant to Y) and "orthogonal" (irrelevant noise) components. This Pine Script indicator provides a simplified proxy of the relevance score derived from O-PLS principles. Purpose of the Indicator The primary purpose of this indicator is to identify which technical factors (such as price, volume, and other indicators) have the strongest relationship with the future price movement of the current trading instrument. By providing a "relevance score" for each input variable, it helps traders focus on the most influential data points, potentially leading to more informed trading decisions. Inputs The indicator offers the following user-definable inputs: * **Lookback Period:** This integer input (default: 100, min: 10, max: 500) determines the number of past bars used to calculate the relevance scores for each variable. A longer lookback period considers more historical data, which can lead to smoother, less reactive scores but might miss recent shifts in variable importance. * **External Asset Symbol:** This symbol input (default: `BINANCE:BTCUSDT`) allows you to specify an external asset (e.g., `BINANCE:ETHUSDT`, `NASDAQ:TSLA`) whose close price will be included in the analysis as an additional variable. This is useful for cross-market analysis to see how other assets influence the current chart. * **Plot Visibility Checkboxes (e.g., "Plot: Open Price Relevance", "Plot: Volume Relevance", etc.):** These boolean checkboxes allow you to toggle the visibility of individual relevance score plots on the chart, helping to declutter the display and focus on specific variables. Outputs The indicator provides two main types of output: Relevance Score Plots: These are lines plotted in a separate pane below the main price chart. Each line corresponds to a specific market variable (Open Price, Close Price, High Price, Low Price, Volume, various RSIs, SMAs, MFI, and the External Asset Close). The value of each line represents the calculated "relevance score" for that variable, typically scaled between 0 and 10. A higher score indicates a stronger predictive relationship with the future close price. Sorted Relevance Table : A table displayed in the top-right corner of the chart provides a clear, sorted list of all analyzed variables and their corresponding relevance scores. The table is sorted in descending order of relevance, making it easy to identify the most influential factors at a glance. Each variable name in the table is colored according to its plot color, and the external asset's name is dynamically displayed without the "BINANCE:" prefix. How to Use the Indicator 1. **Add to Chart:** Apply the "Orthogonal Projections to Latent Structures (O-PLS)" indicator to your desired trading chart (e.g., ETH/USDT). 2. **Adjust Inputs:** * **Lookback Period:** Experiment with different lookback periods to see how the relevance scores change. A shorter period might highlight recent correlations, while a longer one might show more fundamental relationships. * **External Asset Symbol:** If you trade BTC/USDT, you might add ETH/USDT or SPX as an external asset to see its influence. 3. **Analyze Relevance Scores:** * **Plots:** Observe the individual relevance score plots over time. Are certain variables consistently high? Do scores change before significant price moves? * **Table:** Refer to the sorted table on the latest confirmed bar to quickly identify the top-ranked variables. 4. **Incorporate into Strategy:** Use the insights from the relevance scores to: * Prioritize certain indicators or price actions in your trading strategy. For example, if "Volume" has a high relevance score, it suggests volume confirmation is critical for future price moves. * Understand the influence of inter-market relationships (via the External Asset Close). How the Indicator Works The indicator works by performing the following steps on each bar: 1. **Data Fetching:** It gathers historical data for various price components (open, high, low, close), volume, and calculated technical indicators (SMA, RSI, MFI) for the specified `lookback` period. It also fetches the close price of an `External Asset Symbol` . 2. **Standardization (Z-scoring):** All collected raw data series are standardized by converting them into Z-scores. This involves subtracting the mean of each series and dividing by its standard deviation . Standardization is crucial because it brings all variables to a common scale, preventing variables with larger absolute values from disproportionately influencing the correlation calculations. 3. **Correlation Calculation (Proxy for O-PLS Relevance):** The indicator then calculates a simplified form of correlation between each standardized input variable and the standardized future close price (Y variable) . This correlation is a proxy for the relevance that O-PLS would identify. A high absolute correlation indicates a strong linear relationship. 4. **Relevance Scaling:** The calculated correlation values are then scaled to a range of 0 to 10 to provide an easily interpretable "relevance score" . 5. **Output Display:** The relevance scores are presented both as time-series plots (allowing observation of changes over time) and in a real-time sorted table (for quick identification of top factors on the current bar) . How it Differs from Full O-PLS This indicator provides a *simplified proxy* of O-PLS principles rather than a full, mathematically rigorous O-PLS model. Here's why and how it differs: * **Dimensionality Reduction:** A full O-PLS model would involve complex matrix factorization techniques to decompose the independent variables (X) into components that are predictive of Y and components that are orthogonal (unrelated) to Y but still describe X's variance. Pine Script's array capabilities and computational limits make direct implementation of these matrix operations challenging. * **Orthogonal Components:** A true O-PLS model explicitly identifies and removes orthogonal components (noise) from the X data that are unrelated to Y. This indicator, in its simplified form, primarily focuses on the direct correlation (relevance) between each X variable and Y after standardization, without explicitly modeling and separating these orthogonal variations. * **Predictive Model:** A full O-PLS model is ultimately a predictive model that can be used for regression (predicting Y). This indicator, however, focuses solely on **identifying the relevance/correlation of inputs to Y**, rather than building a predictive model for Y itself. It's more of an analytical tool for feature importance than a direct prediction engine. * **Computational Intensity:** Full O-PLS involves Singular Value Decomposition (SVD) or Partial Least Squares (PLS) algorithms, which are computationally intensive. The indicator uses simpler statistical measures (mean, standard deviation, and direct correlation calculation over a lookback window) that are feasible within Pine Script's execution limits. In essence, this Pine Script indicator serves as a practical tool for gaining insights into variable relevance, inspired by the spirit of O-PLS, but adapted for the constraints and common use cases of a TradingView environment.
Pine Script® indicator
by VolatilityRob
Oz SIGNAL PRO v6 is a powerful 15-minute trend-following indicator tailored for precision trading. It detects Break of Structure (BOS) and CHoCH signals with built-in volume confirmation and overlays premium/discount zones directly on the chart. The indicator includes: 🔹 Visual buy/sell labels at breakout points 🔸 Dynamic EMA and VWAP for trend filtering 🟩 Automatic support/resistance zones 🔔 Alert-ready for signal automation Ideal for intraday traders seeking clean, high-confidence signals. Upgrade-ready: Easily extend with FVGs, order blocks, liquidity sweeps & backtesting.
Pine Script® indicator
by ozan_ksmz
MA Deviation This indicator visualizes the percentage deviation between up to 3 configurable moving averages (MA), helping traders assess trend momentum and potential overextension. ✅ Key Features Supports multiple MA types: Choose from SMA, EMA, WMA, RMA, VWMA, and HMA. Set up to 3 custom MAs with different periods. Plots the deviation (%) between each pair of selected MAs. Background color highlights extreme deviations (green = strong positive deviation, red = strong negative deviation). Data Window flag (1 or 0) shows whether background highlight is active. ⚠️ Notes Deviation percentages are not predictive, but useful for identifying trend strength or market overheating. Especially useful for trend analysis, not for exact entry signals. Even if not all lines are shown, the background color may still appear based on the enabled MA comparisons. このインジケーターは、3本の移動平均線（MA）の乖離率を視覚化し、相場の過熱感やトレンドの強さを判定するためのツールです。 ✅ 主な機能 複数の移動平均タイプに対応：SMA, EMA, WMA, RMA, VWMA, HMAから選択可能。 最大3本の移動平均を自由に設定可能。 それぞれのMA間の乖離率（％）をチャートにプロット。 指定した閾値を超えた時に背景色を表示（緑＝乖離が正方向に大きい、赤＝負方向に大きい）。 データウィンドウ上で「背景表示フラグ」も確認可能（サインが出ているかどうかが数値で確認できます）。 ⚠️ 注意事項 乖離率は過去の価格と比較したものであり、将来の価格を保証するものではありません。 短期トレードよりも、トレンドの強弱や過熱感の把握に適しています。 複数のMAを使用しない場合でも、背景色は他の設定されたMAペアで判定されることにご注意ください。
Pine Script® indicator
by shionn777_13
Price over VolumeVersion 0.1 Price over Volume Indicator Description The Price over Volume indicator calculates the ratio of the closing price to the trading volume (price / volume) for the current chart's symbol and displays it as a histogram in a separate pane. A horizontal zero line is included as a reference to highlight positive and negative values or periods of undefined data (e.g., zero volume). The indicator is designed to help traders analyze the relationship between price movements and trading volume. Insights Provided Price-Volume Dynamics: The indicator shows how price per unit of volume fluctuates, offering insights into market efficiency and liquidity. High ratios may indicate low volume relative to price, suggesting potential volatility or thin markets, while low ratios may reflect high volume supporting price stability. Trend and Momentum Analysis: Spikes or trends in the price-to-volume ratio can signal significant market events, such as buying/selling pressure or low liquidity periods, helping traders identify potential reversals or continuations. Zero Line Reference: The zero line helps identify periods where the ratio is undefined (e.g., zero volume) or negative (if applicable), aiding in the interpretation of market conditions. Volume Sensitivity: By normalizing price by volume, the indicator highlights how volume influences price movements, which is useful for assessing the strength of trends or breakouts. How to Use Setup: Apply the indicator to any chart with price and volume data (e.g., stocks, cryptocurrencies like BINANCE:BTCUSDT). The histogram appears in a separate pane below the main chart. Interpretation : High Ratios: Indicate low trading volume relative to price, potentially signaling overbought conditions or low liquidity. Use with caution in thin markets. Low Ratios: Suggest high volume supporting price levels, indicating stronger market participation or stability. Spikes: Watch for sudden increases in the ratio, which may precede volatility or significant price moves. Zero Line: Periods where the histogram is absent (due to zero volume) indicate no trading activity, useful for identifying illiquid periods. Trading Applications: Confirmation Tool: Combine with other indicators (e.g., RSI, MACD) to confirm trend strength. A rising price-to-volume ratio with a price uptrend may indicate weakening volume support, suggesting a potential reversal. Volume Analysis: Use alongside volume-based indicators (e.g., OBV, VWAP) to assess whether price movements are backed by sufficient volume. Scalping/Day Trading: Monitor intraday ratio changes to identify high-impact periods with low volume, which may offer short-term trading opportunities. Customization: Adjust the histogram color or style (e.g., change to line plot) via the Pine Editor to suit your preferences. Consider adding smoothing (e.g., moving average) for cleaner signals. Notes Data Requirements: Ensure the chart’s symbol has valid volume data. Symbols with no volume (e.g., some forex pairs) will result in undefined (na) values. Limitations: The indicator is sensitive to zero-volume periods, which may cause gaps in the histogram. Use on high-liquidity symbols for best results. Performance: Lightweight and efficient, suitable for all timeframes. This indicator is ideal for traders seeking to understand the interplay between price and volume, offering a unique perspective on market dynamics for informed trading decisions.
Pine Script® indicator
by VolatilityRob
MTF Trend Table - Manual InputMTF Trend Table - Manual Input Description: This indicator displays a simple and clear multi-timeframe (MTF) trend table in the upper right corner of your chart. You can manually set the current trend direction (Up, Down, or Neutral) for each timeframe: Monthly, Weekly, Daily, 4h, 1h, and 15min. The table shows the status of each timeframe with colored backgrounds—green for Up, red for Down, and gray for Neutral—making it easy to monitor trend alignment across different timeframes at a glance. Features: Manual selection of trend direction for each timeframe. Color-coded status: green (Up), red (Down), gray (Neutral). Quickly visualize trend alignment across Monthly, Weekly, Daily, 4h, 1h, and 15min. Table is positioned in the top right corner of the chart for easy reference. How to use: Open the indicator settings and select the trend direction for each timeframe based on your own analysis. Use this tool as a visual aid to track and confirm trend bias in your trading system.
Pine Script® indicator
by HiTTz_Crypto
T3MA Ribbon Strategy (v6 - Fixed HA) by LKALGOT3MA Ribbon Strategy (v6) by LKALGO The T3MA Ribbon Strategy helps you catch trends with confidence! It combines a fast and slow T3 moving average to create a color-filled ribbon that clearly shows bullish (green) and bearish (red) momentum. ✅ Key features: Smooth trend signals using powerful T3 MAs Optional Heikin Ashi smoothing for even cleaner trends Simple, clear BUY and SELL signals on the chart Alerts included for easy automation How it works: Enter long when the ribbon turns green (fast T3 crosses above slow T3) Exit when it turns red (fast T3 crosses below slow T3) Works on all timeframes and markets. Perfect for traders who want a simple but effective trend-following system.
Pine Script® strategy
by dharamsiti
1
Multi Timeframe 50EMA CloudDescription: The Multi Timeframe 50EMA Cloud is a powerful tool for multi-timeframe trend analysis. This indicator allows you to display the 50-period Exponential Moving Average (EMA) and its volatility "cloud" from several higher timeframes directly on any chart. Features: * See the 50EMA cloud from multiple timeframes at once: 15m, 1H, 4H, and 1D. * Flexible controls: Easily turn each timeframe’s cloud on or off in the settings - overlay as many as you want. * Distinct colors: Each timeframe has customizable colors for its EMA line, cloud and borders to keep your chart clear and organized. * Universal perspective: Great for identifying higher timeframe support and resistance, confluence zones and market structure without switching charts. How it works: Each enabled EMA cloud is plotted with a band above and below the EMA line, showing ± one-quarter standard deviation (stdev) of price. This "cloud" highlights short-term volatility around the higher timeframe EMA, making it easier to spot dynamic support, resistance and trend strength. Best for: * Day traders and swing traders who want to track key EMAs from multiple timeframes on a single chart * Identifying multi-timeframe confluence, trend direction and volatility zones Tip: Try overlaying the 15m, 1H, and 4H EMA clouds on lower timeframe charts (e.g., 1m, 5m, or 15m) for deeper market insight and better trade timing. ⚠️ Important Notice This tool is provided for educational and informational purposes only . It is designed to assist in technical analysis learning and visual chart study. It is not intended to be used as financial advice, a buy/sell signal, or any form of investment recommendation . By using this indicator, you acknowledge that all actions you take are your own and you assume full responsibility for any decisions made.
Pine Script® indicator
by Marketoolkit
Kyber Cell's – TTM Squeeze Pro Kyber Cell's TTM Squeeze Pro is an all-in-one overlay that rebuilds John Carter’s TTM Squeeze, then layers on two extra confirmation tools—ALMA trend and a scroll-aware VWAP—so you can track contraction, momentum, trend and value without stacking indicators. ⸻ What each visual means • Candles = Momentum histogram Instead of a separate lower pane, every bar is tinted by a linear-regression slope: • Rising & above zero → aqua→blue (bullish strength) • Falling & below zero → yellow→red (bearish strength) • Dots above the bars = Squeeze status I’ve modernized Carter’s original black→red→orange→green sequence (it didn't feel natural to me): • Blue “Cool” – bands wide apart, no compression yet • Orange “Warming” – loose compression building • Red “Ready” – tightest compression, watch for release • Green “GO!” – first bar the squeeze fires (breakout begins) • I added a Red/Green Backdrop that tracks the squeeze so you can easily identify the entry and exit based on the squeeze momentum. Appears only after a squeeze fires. Stays green while momentum remains > 0, red while it is < 0. Clears when momentum flips or a new squeeze starts. • ALMA ribbon A 50-period Arnaud Legoux moving average (user-tunable). Price and ribbon rising above it → bullish tilt; price under a falling ribbon → bearish tilt. • VWAP with optional σ bands Anchored to the left-most visible bar every time you pan/zoom, so it always reflects the range on your screen. Staying above VWAP supports longs; below supports shorts. • Entry labels A triangle ▲/▼ or arrow ↑/↓ (your choice) prints on the exact bar a squeeze fires. Color, size and ATR padding are adjustable. Key inputs you can adjust • Squeeze length, Bollinger σ, three Keltner multipliers (High/Mid/Low). • ALMA length, offset (0 = fast, 1 = smooth) and sigma. • VWAP on/off, deviation-band σ (set to 0 to hide bands). • Marker shape, size, colours and vertical padding in ATR multiples. Typical workflow 1. Watch dot color: blue → orange → red. 2. When the dot flips green, momentum bar confirms aqua/blue (bull) or yellow/red (bear). 3. Enter in the direction of the bar color if price is also on the supportive side of ALMA and/or VWAP. 4. Trail until momentum changes side, the backdrop disappears, or your target is hit. Disclaimer — This script is for educational purposes only and is not financial advice. Test thoroughly and manage risk before live trading.
Pine Script® indicator
by The_Kyber_Cell
50/100 EMA Crossover with Candle Confirmation📘 **50/100 EMA Crossover with Candle Confirmation – Strategy Description** The **50/100 EMA Crossover with Candle Confirmation** is a trend-following strategy designed to filter high-probability entries by combining exponential moving average (EMA) crossovers with strong price action confirmation. This strategy aims to reduce false signals commonly associated with EMA-only systems by requiring a **candle close confirmation in the direction of the trend**, making it more reliable for intraday or swing trading across Forex, crypto, and stock markets. --- ### 🔍 **Core Logic** * The strategy is based on the interaction of the **50 EMA** (fast-moving average) and the **100 EMA** (slow-moving average). * **Trend direction** is determined by the crossover: * **Bullish Trend**: When the 50 EMA crosses **above** the 100 EMA. * **Bearish Trend**: When the 50 EMA crosses **below** the 100 EMA. * To **filter out false breakouts**, a **candle confirmation** is used: * For a **Buy signal**: After a bullish crossover, wait for a strong bullish candle (e.g., full-body green candle) to **close above both EMAs**. * For a **Sell signal**: After a bearish crossover, wait for a strong bearish candle to **close below both EMAs**. --- ### ✅ **Entry Conditions** **Buy Entry:** * 50 EMA crosses above 100 EMA. * Latest candle closes **above both EMAs**. * Candle must be bullish (green/full body preferred). **Sell Entry:** * 50 EMA crosses below 100 EMA. * Latest candle closes **below both EMAs**. * Candle must be bearish (red/full body preferred). --- ### 🛑 **Exit or Take-Profit Options** * **Fixed TP/SL**: 1:2 or 1:3 risk-reward. * **Trailing Stop**: Based on recent swing highs/lows or ATR. * **EMA Exit**: Exit trade when the candle closes on the opposite side of 50 EMA. --- ### ⚙️ **Best Settings** * **Timeframes**: 5M, 15M, 1H, 4H (works well on most). * **Markets**: Forex, Crypto (e.g., BTC/ETH), Indices (e.g., NASDAQ, NIFTY50). * **Recommended filters**: * Use with RSI divergence or volume confirmation. * Avoid using during high-impact news (especially on lower timeframes). --- ### 🧠 **Why This Works** The 50/100 EMA crossover provides a **medium-term trend signal**, reducing noise seen in fast EMAs (like 9 or 21). The candle confirmation adds a **momentum filter**, ensuring price supports the directional bias. This makes it suitable for traders who want a balance of trend and entry precision without overcomplicating with too many indicators. --- ### 📈 **Advantages** * Simple yet effective for identifying trends. * Filters out fakeouts using candle confirmation. * Easy to automate in Pine Script or other trading bots. * Can be combined with support/resistance or SMC zones for better confluence. --- ### ⚠️ **Limitations** * May lag slightly in ranging markets. * Late entries possible due to confirmation candle. * Works best with additional volume or volatility filter.
Pine Script® indicator
by freefeeltrader
3-Bar Compression Reversal Pattern//@version=5 indicator("3-Bar Compression Reversal Pattern", overlay=true) // Get candle OHLCs open1 = open close1 = close body1 = math.abs(close1 - open1) open2 = open close2 = close body2 = math.abs(close2 - open2) // 2nd candle body < 50% of 1st secondSmall = body2 < (0.5 * body1) // 3rd candle engulfs both 1st and 2nd lowAll = math.min(low , low ) highAll = math.max(high , high ) engulfAll = (high > highAll) and (low < lowAll) // Final condition patternDetected = secondSmall and engulfAll // Plot signal plotshape(patternDetected, location=location.belowbar, color=color.green, style=shape.labelup, size=size.small, title="Pattern Signal") alertcondition(patternDetected, title="3-Bar Reversal Alert", message="3-Bar Compression Reversal Pattern Detected!")
Pine Script® indicator
by DP1819