Indicators describe the tape. They do not owe you a profit.
Use one tool from each family: trend, momentum, then volatility or volume. Five oscillators of the same idea are still one idea.
Indicators · illustrativeSample
EMA 20 = trendRSI 76 ≠ sellBands = volatility
Trend: moving averages, MACD, ADX
Trend tools ask whether price is generally rising, falling, or going nowhere. They lag on purpose — confirmation costs a few bars.
SMA / EMA: a 20 and 50 period pair is a common filter, not a crystal ball.
MACD: moving-average convergence; histogram flips often fire early in chop.
ADX: high ADX means a trend is present; it does not tell direction by itself.
Momentum: RSI, Stochastic, rate of change
Momentum measures how fast price moved. Overbought is not automatically “sell,” especially in a strong trend.
RSI (14): 70/30 are habits, not laws. In a bull trend, RSI can sit high for weeks.
Stochastic: more sensitive; useful with a slower trend filter.
Divergence (price high, oscillator lower) is a warning, not an order.
Volatility: Bollinger bands, ATR, Keltner
Volatility tools size stops and tell you when the market is expanding or compressing. A squeeze often precedes a large bar — in either direction.
Bollinger: price hugging the upper band can be trend, not a short.
ATR: average true range is the workhorse for stop distance and position size.
Keltner channels use ATR around an EMA; compare them with Bollinger to spot squeeze.
Volume and auction: VWAP, OBV, volume profile
Price without volume is a rumour. VWAP is the session’s average paid. Volume profile maps where the most business was done.
VWAP: institutions often care whether they bought above or below it.
OBV: cumulative volume on up vs down closes; watch for price/volume disagreement.
High-volume nodes act like magnets; low-volume nodes can be traversed quickly.
How to combine tools without stacking noise
Three indicators of the same family (RSI + Stochastic + CCI) mostly repeat each other. Pair one trend, one momentum, one volatility or volume tool — then leave the rest off the chart.
Decide the timeframe first. A 5-minute RSI does not overrule a daily trend.
Write the rule in one sentence before you add another overlay.
If you cannot explain why the indicator fires, it does not belong in the bot.
The Vega library
Indicators we build for TradingView.
Written in Pine Script v6 and tested with our own Python backtester before they reach a chart.
Vega Trend Rider
Main product
Trend-following buy/sell signals with up to 13 confirmations, market presets, a built-in exit plan (ATR stop → breakeven → trailing), a dashboard and webhook alerts for the bot.
CBS Ultimate
Research
The research version: every signal shows a confluence score of how many filters agreed, plus ATR stop, three targets and breakeven / trailing. Comes with a matching TradingView strategy for the Strategy Tester.
CBS Pro
Earlier version
Supertrend and EMA-cross triggers with fewer filters. Kept with its strategy version for comparison.
Classic signal scripts
Library
MA crossover signals, EMA + RSI signals, RSI with EMA 50, an EMA / RSI trend and volatility filter, a triple EMA + RSI + MACD crypto strategy, and TD Sequential.