Tradingindicator — Indicators and Strategies

PriceLevels GB Goldbach Price Levels – Identify Algorithmic Key Zones This open-source indicator is designed to help traders identify potential algorithmic key zones by highlighting price levels ending with specific numbers such as 03, 11, 29, 35, 65, and 71. These levels may act as inflection points or hesitation areas based on observed behavioral patterns in price movement. What It Does: 📌 Scans and plots horizontal price levels where the price ends with one of the selected number combinations 🎯 Toggle on/off visibility for each number ending 🎨 Customize color and thickness for each level 🏷️ Shows price labels at the end of each line 🌗 Label styles (color/transparency) are adjustable for both dark and light chart themes 🧠 Why Use It: This tool is ideal for discretionary traders who study market structure through static price anchors. It provides a visual reference for recurring numerical levels that may be used in algorithmic trading models or serve as psychological price zones. ⚠️ Disclaimer: This script is open-source and intended for educational and analytical purposes only. No trading signals or performance guarantees are provided. Please use your own judgment when applying this tool in a trading context.

Gioteen-Norm The "Gioteen-Norm" indicator is a versatile and powerful technical analysis tool designed to help traders identify key market conditions such as divergences, overbought/oversold levels, and trend strength. By normalizing price data relative to a moving average and standard deviation, this indicator provides a unique perspective on price behavior, making it easier to spot potential reversals or continuations in the market. The indicator calculates a normalized value based on the difference between the selected price and its moving average, scaled by the standard deviation over a user-defined period. Additionally, an optional moving average of this normalized value (Green line) can be plotted to smooth the output and enhance signal clarity. This dual-line approach makes it an excellent tool for both short-term and long-term traders. ***Key Features Divergence Detection: The Gioteen-Norm excels at identifying divergences between price action and the normalized indicator value. For example, if the price makes a higher high while Red line forms a lower high, it may signal a bearish divergence, hinting at a potential reversal. Overbought/Oversold Conditions: Extreme values of Red line (e.g., significantly above or below zero) can indicate overbought or oversold conditions, helping traders anticipate pullbacks or bounces. Trend Strength Insight: The normalized output reflects how far the price deviates from its average, providing a measure of momentum and trend strength. **Customizable Parameters Traders can adjust the period, moving average type, applied price, and shift to suit their trading style and timeframe. **How It Works Label1 (Red Line): Represents the normalized price deviation from a user-selected moving average (SMA, EMA, SMMA, or LWMA) divided by the standard deviation over the specified period. This line highlights the relative position of the price compared to its historical range. Label2 (Green Line, Optional): A moving average of Label1, which smooths the normalized data to reduce noise and provide clearer signals. This can be toggled on or off via the "Draw MA" option. **Inputs Period: Length of the lookback period for normalization (default: 100). MA Method: Type of moving average for normalization (SMA, EMA, SMMA, LWMA; default: EMA). Applied Price: Price type used for calculation (Close, Open, High, Low, HL2, HLC3, HLCC4; default: Close). Shift: Shifts the indicator forward or backward (default: 0). Draw MA: Toggle the display of the Label2 moving average (default: true). MA Period: Length of the moving average for Label2 (default: 50). MA Method (Label2): Type of moving average for Label2 (SMA, EMA, SMMA, LWMA; default: SMA). **How to Use Divergence Trading: Look for discrepancies between price action and Label1. A bullish divergence (higher low in Label1 vs. lower low in price) may suggest a buying opportunity, while a bearish divergence could indicate a selling opportunity. Overbought/Oversold Levels: Monitor extreme Label1 values. For instance, values significantly above +2 or below -2 could indicate overextension, though traders should define thresholds based on the asset and timeframe. Trend Confirmation: Use Label2 to confirm trend direction. A rising Label2 suggests increasing bullish momentum, while a declining Label2 may indicate bearish pressure. Combine with Other Tools: Pair Gioteen-Norm with support/resistance levels, RSI, or volume indicators for a more robust trading strategy. **Notes The indicator is non-overlay, meaning it plots below the price chart in a separate panel. Avoid using a Period value of 1, as it may lead to unstable results due to insufficient data for standard deviation calculation. This tool is best used as part of a broader trading system rather than in isolation. **Why Use Gioteen-Norm? The Gioteen-Norm indicator offers a fresh take on price normalization, blending statistical analysis with moving average techniques. Its flexibility and clarity make it suitable for traders of all levels—whether you're scalping on short timeframes or analyzing long-term trends. By publishing this for free, I hope to contribute to the TradingView community and help traders uncover hidden opportunities in the markets. **Disclaimer This indicator is provided for educational and informational purposes only. It does not constitute financial advice. Always backtest and validate any strategy before trading with real capital, and use proper risk management.

Price Change Indicator Price Change Indicator (PCI) Version: 1.0 Author: LazyTrader 🚀 🔍 Overview The Price Change Indicator (PCI) helps traders visualize and compare price changes between the current bar and the previous bar. It provides a customizable display of price changes in two formats: Percentage (%) Change – Relative price movement. Natural Change – Absolute difference in price units. ⚙️ Key Features ✅ Customizable Calculation Method: Choose how the price change is calculated: Opening Price Closing Price High Low ✅ Flexible Display Format: Show Percentage (%) Change. Show Natural (Absolute) Change in price. ✅ Adjustable Sensitivity with Multiplier: 100 (Standard Change) 1000 (Small Change) 10000 (Tiny Change) ✅ Intuitive Labeling: Green label (above bar) for increase. Red label (below bar) for decrease. No label if no change. Large, easy-to-read labels for better visibility. ✅ Perfect for Any Market: Stocks 📈 Forex 💱 Crypto 🚀 Commodities 🛢️ 📊 How It Works The indicator calculates the difference between the current and previous bar’s price based on your chosen method. The result is displayed as either a percentage (%) or a natural price change. If the price has increased, a green label is displayed above the bar. If the price has decreased, a red label is displayed below the bar. ⚡ How to Use Add the indicator to your chart. Go to settings and customize: Select calculation method (Open, Close, High, Low). Choose display format (% or Natural Change). Adjust multiplier for more sensitivity. Analyze the labels to see price movements easily! 🔧 Settings Explained Setting Description Price Calculation Method: Choose Open, Close, High, or Low price for comparison. Display Format: Show either % Change or Natural Change. Multiplier: Apply 100, 1000, or 10000 to scale small price changes. Show Labels: Toggle labels on/off. 🎯 Best Use Cases 🔹 Identifying strong price movements 🔹 Spotting trends and momentum shifts 🔹 Comparing price movement intensity 🔹 Works for scalping, swing trading, and long-term analysis

RSI (Pr)The "RSI (Pr)" indicator enhances the traditional Relative Strength Index (RSI) by incorporating dynamic bands and highlighting extreme market conditions directly on the price chart. This approach offers traders a more intuitive visualization of potential overbought and oversold zones, facilitating timely decision-making. Key Features: Dynamic RSI Bands: The indicator calculates upper and lower bands based on user-defined overbought and oversold levels. These bands adjust in real-time, providing a responsive measure of market extremes. Visual Alerts: Background colors change when the price moves outside the RSI bands, offering immediate visual cues of potential market reversals. Buy/Sell Signals: The script places "BUY" and "SELL" labels on the chart when the price crosses above or below the RSI bands, assisting traders in identifying potential entry and exit points. How It Works: RSI Calculation: The script computes the RSI based on the closing price and a user-defined length (default is 14 periods). Exponential Moving Averages (EMA): It calculates the EMA of the maximum gains and losses to smooth out the data, enhancing the reliability of the RSI bands. Upper and Lower Bands: Using the smoothed data, the script determines the upper (resistance) and lower (support) bands, which represent dynamic overbought and oversold levels. Visual Indicators: The script plots the upper and lower bands, as well as a midline, directly on the price chart. Background colors change when the price exceeds these bands, and "BUY" or "SELL" labels appear at crossover points. Usage: Overbought Conditions: When the price crosses above the upper band, it may indicate an overbought condition, suggesting a potential selling opportunity. Oversold Conditions: When the price crosses below the lower band, it may indicate an oversold condition, suggesting a potential buying opportunity. Customization: Users can adjust the following parameters to suit their trading preferences: RSI Overbought Level: Default is 70. RSI Oversold Level: Default is 30. RSI Length: Default is 14 periods. Disclaimer: This indicator is designed for educational purposes and should not be construed as financial advice. Trading involves significant risk, and it's essential to conduct thorough research and consider your financial situation before making trading decisions. Past performance is not indicative of future results. By integrating dynamic RSI bands and clear visual signals directly onto the price chart, this indicator aims to provide traders with actionable insights into market conditions, enhancing the traditional RSI analysis.

FiboTrace.V33 FiboTrace.V33 - Advanced Fibonacci Retracement Indicator is a powerful and visually intuitive Fibonacci retracement indicator designed to help traders identify key support and resistance levels across multiple timeframes. Whether you’re a day trader, swing trader, or long-term investor, FiboTrace.V33 provides the essential tools needed to spot potential price reversals and continuations with precision. Key Features: • Dynamic Fibonacci Levels: Automatically plots the most relevant Fibonacci retracement levels based on recent swing highs and lows, ensuring you always have the most accurate and up-to-date levels on your chart. • Gradient Color Zones: Easily distinguish between different Fibonacci levels with visually appealing gradient color fills. These zones help you quickly identify key areas of price interaction, making your analysis more efficient. • Customizable Levels: Tailor FiboTrace.V33 to your trading style by adjusting the Fibonacci levels and colors to match your preferences. This flexibility allows you to focus on the levels most relevant to your strategy. • Multi-Timeframe Versatility: Works seamlessly across all timeframes, from 1-minute charts for day traders to weekly and monthly charts for long-term investors. The indicator adapts to your trading horizon, providing reliable signals in any market environment. • Confluence Alerts: Receive alerts when price enters zones where multiple Fibonacci levels overlap, indicating strong support or resistance. This feature helps you catch high-probability trade setups without constantly monitoring the charts. How to Use: • Identify Entry and Exit Points: Use the plotted Fibonacci levels to determine potential entry and exit points. Price retracements to key Fibonacci levels can signal opportunities to enter trades in the direction of the prevailing trend. • Spot Reversals and Continuations: Watch for price action around the gradient color zones. A bounce off a Fibonacci level may indicate a trend continuation, while a break could signal a potential reversal. • Combine with Other Indicators: For best results, consider using FiboTrace.V33 in conjunction with other technical indicators, such as moving averages, RSI, or MACD, to confirm signals and enhance your trading strategy. Timeframe Recommendations: • Shorter Timeframes (1-minute to 1-hour): Ideal for quick, intraday trades, though signals might be more prone to noise due to rapid market fluctuations. • Medium Timeframes (4-hour to daily): Perfect for swing trading, offering more reliable Fibonacci levels that capture broader market trends. • Longer Timeframes (weekly to monthly): Best for long-term investors, where Fibonacci levels act as strong support and resistance based on significant market moves. • General Tip: Fibonacci retracement levels are more reliable on higher timeframes, but combining them with other indicators like moving averages or RSI can enhance signal accuracy across any timeframe. Why FiboTrace.V33? FiboTrace.V33 is more than just a Fibonacci retracement tool—it’s an essential part of any trader’s toolkit. Its intuitive design and advanced features help you stay ahead of the market, making it easier to identify high-probability trading opportunities and manage risk effectively.

S&P Short-Range Oscillator **SHOULD BE USED ON THE S&P 500 ONLY** The S&P Short-Range Oscillator (SRO), inspired by the principles of Jim Cramer's oscillator, is a technical analysis tool designed to help traders identify potential buy and sell signals in the stock market, specifically for the S&P 500 index. The SRO combines several market indicators to provide a normalized measure of market sentiment, assisting traders in making informed decisions. The SRO utilizes two simple moving averages (SMAs) of different lengths: a 5-day SMA and a 10-day SMA. It also incorporates the daily price change and market breadth (the net change of closing prices). The 5-day and 10-day SMAs are calculated based on the closing prices. The daily price change is determined by subtracting the opening price from the closing price. Market breadth is calculated as the difference between the current closing price and the previous closing price. The raw value of the oscillator, referred to as SRO Raw, is the sum of the daily price change, the 5-day SMA, the 10-day SMA, and the market breadth. This raw value is then normalized using its mean and standard deviation over a 20-day period, ensuring that the oscillator is centered and maintains a consistent scale. Finally, the normalized value is scaled to fit within the range of -15 to 15. When interpreting the SRO, a value below -5 indicates that the market is potentially oversold, suggesting it might be a good time to start buying stocks as the market could be poised for a rebound. Conversely, a value above 5 suggests that the market is potentially overbought. In this situation, it may be prudent to hold on to existing positions or consider selling if you have substantial gains. The SRO is visually represented as a blue line on a chart, making it easy to track its movements. Red and green horizontal lines mark the overbought (5) and oversold (-5) levels, respectively. Additionally, the background color changes to light red when the oscillator is overbought and light green when it is oversold, providing a clear visual cue. By incorporating the S&P Short-Range Oscillator into your trading strategy, you can gain valuable insights into market conditions and make more informed decisions about when to buy, sell, or hold your stocks. However, always consider other market factors and perform your own analysis before making any trading decisions. The S&P Short-Range Oscillator is a powerful tool for traders looking to gain insights into market sentiment. It provides clear buy and sell signals through its combination of multiple indicators and normalization process. However, traders should be aware of its lagging nature and potential complexity, and use it in conjunction with other analysis methods for the best results. Disclaimer The S&P Short-Range Oscillator is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should conduct your own research or consult a financial advisor before making investment decisions. The author is not responsible for any losses incurred from using this indicator. Use at your own risk.

Multi-Frame Market Sentiment Dashboard Overview This Pine Script™ code generates a "Market Sentiment Dashboard" on TradingView, providing a visual summary of market sentiment across multiple timeframes. This tool aids traders in making informed decisions by displaying real-time sentiment analysis based on Exponential Moving Averages (EMA). Key Features Panel Positioning: Custom Placement: Traders can position the dashboard at the top, middle, or bottom of the chart and align it to the left, center, or right, ensuring optimal integration with other chart elements. Customizable Colors: Sentiment Colors: Users can define colors for bullish, bearish, and neutral market conditions, enhancing the dashboard's readability. Text Color: Customizable text color ensures clarity against various background colors. Label Size: Scalable Labels: Adjustable label sizes (from very small to very large) ensure readability across different screen sizes and resolutions. Market Sentiment Calculation: EMA-Based Sentiment: The dashboard calculates sentiment using a 9-period EMA. If the EMA is higher than two bars ago, the sentiment is bullish; if lower, it's bearish; otherwise, it's neutral. Multiple Timeframes: Sentiment is calculated for several timeframes: 1 minute, 3 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, and 1 day. This broad analysis provides a comprehensive view of market conditions. Dynamic Table: Structured Display: The dashboard uses a table to organize and display sentiment data clearly. Real-Time Updates: The table updates in real-time, providing traders with up-to-date market information. How It Works EMA Calculation: The script requests EMA(9) values for each specified timeframe and compares the current EMA with the EMA from two bars ago to determine market sentiment. Color Coding: Depending on the sentiment (Bullish, Bearish, or Neutral), the corresponding cell in the table is color-coded using predefined colors. Table Display: The table displays the timeframe and corresponding sentiment, allowing traders to quickly assess market trends. Benefits to Traders Quick Assessment: Traders can quickly evaluate market sentiment across multiple timeframes without switching charts or manually calculating indicators. Enhanced Visualization: The color-coded sentiment display makes it easy to identify trends at a glance. Multi-Timeframe Analysis: Provides a broad view of short-term and long-term market trends, helping traders confirm trends and avoid false signals. This dashboard enhances the overall trading experience by providing a comprehensive, customizable, and easy-to-read summary of market sentiment. Usage Instructions Add the Script to Your Chart: Apply the "Market Sentiment Dashboard" indicator to your TradingView chart. Customize Settings: Adjust the panel position, colors, and label sizes to fit your preferences. Interpret Sentiment: Use the color-coded table to quickly understand the market sentiment across different timeframes and make informed trading decisions.

Trender Trender is an indicator that compiles trend-following ideas in a complete friendly-custom indicator. Based on classic arithmetic moving averages, exponential moving averages, volume and a little bit of Fibonacci. Indicator built and usable in TradingView, focused only for easy visualization of the trend.