Red & Green Zone ReversalOverview
The “Red & Green Zone Reversal” indicator is designed to visually highlight potential reversal zones on your chart by using a combination of Bollinger Bands and the Relative Strength Index (RSI).
It overlays on the chart and provides background color cues—red for oversold conditions and green for overbought conditions—along with corresponding alert triggers.
Key Components
Overlay: The indicator is set to overlay the chart, meaning its visual cues (colored backgrounds) are drawn directly on the price chart.
Bollinger Bands Calculation
Period: A 20-period simple moving average (SMA) is calculated from the closing prices.
Standard Deviation Multiplier: A multiplier of 2.0 is applied.
Bands Defined:
Basis: The 20-period SMA.
Deviation: Calculated as 2 times the standard deviation over the same period.
Upper Band: Basis plus the deviation.
Lower Band: Basis minus the deviation.
RSI Calculation
Period: The RSI is computed over a 14-period span using the closing prices.
Thresholds:
Oversold Threshold: 30 (used for the red zone condition).
Overbought Threshold: 70 (used for the green zone condition).
Zone Conditions
Red Zone (Oversold):
Criteria: The price is below the lower Bollinger Band and the RSI is below 30.
Purpose: Highlights a situation where the asset may be deeply oversold, signaling a potential reversal to the upside.
Green Zone (Overbought):
Criteria: The price is above the upper Bollinger Band and the RSI is above 70.
Purpose: Indicates that the asset may be overbought, potentially signaling a reversal to the downside.
Visual and Alert Components
Background Coloring:
Red Background: Applied when the red zone condition is met (using a semi-transparent red).
Green Background: Applied when the green zone condition is met (using a semi-transparent green).
Alerts:
Red Alert: An alert condition titled “Deep Oversold Alert” is triggered with the message “Deep Oversold Signal triggered!” when the red zone criteria are satisfied.
Green Alert: Similarly, an alert condition titled “Deep Overbought Alert” is triggered with the message “Deep Overbought Signal triggered!” when the green zone criteria are met.
Important Disclaimers
Not Financial Advice:
This indicator is provided for informational and analytical purposes only. It does not constitute trading advice or a recommendation to buy or sell any asset. Traders should use it as one of several tools in their analysis and should perform their own due diligence.
Risk Management:
Trading inherently involves risk. Past performance is not indicative of future results. Always implement appropriate risk management and use stop losses where necessary.
Summary
In summary, the “Red & Green Zone Reversal” indicator uses Bollinger Bands and RSI to detect extreme market conditions. It visually marks oversold (red) and overbought (green) conditions directly on the chart and offers alert conditions to help traders monitor these potential reversal points.
Enjoy!!
Bande e canali
Ronnie's DikFat Attack - Moving Average Angle/Slope PositionRonnie's DikFat Attack - True Moving Average Angle/Slope Position
Overview
This TradingView indicator, written in Pine Script version 5, injects energy into your chart analysis by calculating and displaying the angles of four moving averages (MAs). It empowers you to customize each MA—choosing both type and length—to suit your trading strategy perfectly.
How It Works
1. User Inputs:
Under the “MA Settings” group, the script offers an intuitive interface where you can define four different moving averages. Each MA can be set to one of several types (SMA, EMA, SMMA, VWMA, Hull, WMA, or TEMA) and assigned a specific length (number of bars).
2. Dynamic Moving Average Calculation:
A dedicated function ( getMA ) selects and computes the appropriate moving average using TradingView’s built-in functions (like ta.ema , ta.sma , etc.). This yields four customized MA series based on your inputs.
3. Calculating the Angle of Momentum:
The script employs a robust function ( calcAngle ) that measures the change between consecutive values of each MA to determine its slope. This slope is then converted into an angle in degrees using the arctangent function, providing a clear and vivid depiction of trend strength and direction.
4. Visualizing the Angles:
Each moving average’s angle is plotted with its own distinct color, enhancing visual clarity. A horizontal line at 0° acts as a reference point, marking the divide between upward and downward momentum.
Potential Uses
Trend Analysis:
The angle measurement offers a dynamic perspective on trend strength. Steep positive angles suggest vigorous upward movement, while steep negative angles indicate strong downward trends.
Signal Confirmation:
By comparing the angles of multiple moving averages, you can quickly spot momentum shifts and crossover points, which may serve as powerful entry or exit signals.
Tailored Strategy Customization:
The flexibility to choose various MA types and lengths allows this tool to adapt seamlessly to different timeframes and trading styles, enhancing its usefulness in diverse market conditions.
Dynamic Reversal ZonesDynamic Reversal Zones – Indicator Overview and Strategy
(Thanks to BigBeluga for the "Range Breakout " script. I used it to inspire the addition of a range breakout functionality)
This comprehensive indicator combines two powerful tools: Dynamic Reversal Zones and Range Breakout. It is designed to help traders identify dynamic support and resistance zones, spot breakout opportunities, and capture reversal signals with clear visual cues. By leveraging both the dynamic zones and the breakout channel, you can gain a deeper understanding of market structure and set up high-probability trades.
Dynamic Reversal Zones
How It Works – Band Calculations:
Primary Bands (High Band and Low Band):
The indicator calculates a base using a simple moving average (SMA) over a user-defined period. A multiple of the standard deviation is then added and subtracted from this base to generate the high band and low band. These levels represent key areas where price has historically encountered resistance (high band) or support (low band).
Secondary Bands (Upper Band and Lower Band):
A second set of bands is calculated using a shorter SMA (the "media"). By adding and subtracting the corresponding standard deviation, the indicator forms the upper band and lower band. These secondary bands help refine the dynamic zones, pinpointing more precise reversal areas.
Signal Generation:
SELL Signal:
A sell signal is triggered when the price overshoots the upper zones (either the high band or upper band) and then reverses by closing below these levels with a bearish candle. This behavior suggests an overextension on the upside and a potential reversal.
BUY Signal:
Conversely, a buy signal occurs when the price falls below the lower zones and then recovers, with a bullish candle that closes above both the low band and the lower band. This indicates that the price has oversold and is likely to reverse upward.
How to Use Dynamic Reversal Zones:
Identify Reversal Opportunities:
Use the dynamically calculated bands as support and resistance levels. Look for price overextensions that then reverse back within the zones to identify potential trade entries.
Entry and Exit Strategies:
For BUY entries, consider entering after a confirmed bullish reversal when the price recovers from oversold conditions. For SELL entries, wait for a bearish reversal from an overextended high. Placing stop losses just beyond the respective zone boundaries helps manage risk.
Confluence with Other Tools:
Enhance your trading by confirming signals with momentum indicators (e.g., RSI, MACD), volume analysis, or higher timeframe trendlines. Additionally, combining these zones with pivot points or Fibonacci retracements can refine your entry and exit levels.
Range Breakout
How It Works – Channel-Based Calculations:
Dynamic Channel Formation:
The Range Breakout component creates a dynamic channel based on an ATR (Average True Range) calculation. It automatically establishes upper and lower bands, along with a midline, by applying a multiplier to a smoothed ATR. These boundaries define the current price range and help identify breakout opportunities.
Breakout Detection and Reset:
When the price breaks above the upper band or below the lower band—or if a certain number of bars occur outside the channel—the indicator resets the channel using the current price as the new center. This dynamic reset allows traders to monitor evolving price ranges and adapt to changing market conditions.
Visual Signals:
Channel Plot Appearance:
The channel is drawn on the chart with customizable color and transparency settings. Users can control the appearance of the channel plots (midline, upper, and lower bands) through dedicated inputs, ensuring that the indicator blends seamlessly with your chart style.
Breakout Signals and Fakeouts:
The indicator also marks breakout signals when the price reverses after testing the channel boundaries. Additionally, it can highlight potential fakeout scenarios where the price briefly breaks the channel without sustaining the move. These visual signals help traders distinguish between genuine breakouts and false moves.
How to Use Range Breakout:
Identifying Opportunities:
Watch for candles that test or exceed the channel boundaries and then reverse, as this can indicate a breakout followed by a retest of the channel. Such setups may provide opportunities to enter trades at attractive risk-reward levels.
Complementary Tool:
When used together with the Dynamic Reversal Zones, the Range Breakout component adds another layer of confirmation. For instance, a reversal signal from the dynamic zones that coincides with a channel breakout or retest may offer enhanced trade validation.
Customization & Best Practices
Customization:
Both sections of the indicator offer a wide range of adjustable parameters—including periods, multipliers, line styles, colors, and opacities—allowing you to tailor the tool to various markets and timeframes, whether you are scalping or swing trading.
Confluence Setups:
For increased reliability, combine the signals from these components with other technical indicators (such as RSI, MACD, volume, and trendlines). Confirming breakouts, reversals, and fakeout scenarios using multiple methods can significantly improve your trade outcomes.
Risk Management:
Always apply sound risk management techniques. Use stop losses just beyond the dynamic zones or channel boundaries to protect against false signals. Backtest different configurations to determine the optimal settings for your trading style.
By integrating the Dynamic Reversal Zones and Range Breakout into a single indicator, traders gain a comprehensive view of market structure—enabling them to spot high-probability reversal and breakout opportunities. Experiment with the settings, combine these tools with complementary technical analysis methods, and always adhere to strict risk management principles for the best trading results.
Happy Trading!
GEX and Vanna LevelsGEX and Vanna Levels Indicator for SPX
Description:
The GEX and Vanna Levels Indicator is a daily-updated market positioning tool designed specifically for SPX (S&P 500 Index) traders. It visualizes critical gamma exposure (GEX) and vanna levels, providing insights into dealer positioning, volatility dynamics, and potential market inflection points.
Since market positioning changes daily, all key levels (zero vanna flips, gamma support/resistance, pivots, and magnet levels) must be calculated and input manually each day to reflect the most accurate and relevant market conditions.
This script helps traders identify areas where market makers are likely to adjust their hedging strategies, influencing price movements. It incorporates zero vanna flips, gamma support/resistance zones, key pivots, and magnet levels, all of which play a crucial role in understanding intraday and swing trading conditions.
Key Features & How It Works:
🔹 Zero Vanna Flips (Support/Resistance) – Levels where volatility impacts price movement, requiring vol compression for a breakout.
🔹 Gamma Support & Resistance – Zones where dealer hedging pressure may pin price action or accelerate moves.
🔹 Main Pivot Level – A key inflection point derived from market positioning; price movement above or below this level dictates direction.
🔹 Upside & Downside Magnets – Identified areas where price is likely to be attracted based on hedging flows and positioning.
🔹 Iron Condor Visualization – Displays key ranges of customer and market maker positions to analyze volatility compression/expansion areas.
🔹 Custom Alerts – Notifies traders when price breaks critical GEX and vanna levels.
How to Use This Indicator:
1️⃣ Update Levels Daily – Before each trading session, input the latest zero vanna, gamma, and pivot levels for accurate analysis.
2️⃣ Monitor Zero Vanna Flips (6121, 6071): These act as key support and resistance zones that can only be broken if volatility contracts.
3️⃣ Pay Attention to the Main Pivot (6085.58): A crucial level that determines directional bias—price holding above it favors bullish conditions.
4️⃣ Track Gamma Support/Resistance (6107-6115): If price holds in this zone, market makers may keep price range-bound.
5️⃣ Watch Magnet Levels (6045, 6186.4): If price breaks key levels, it is likely to gravitate toward these magnets.
6️⃣ Iron Condor Ranges (6030-6035 & 6080-6085): Understanding these zones helps traders identify potential volatility suppression areas.
Who Can Benefit from This Indicator?
✅ Intraday & Swing Traders – Helps identify key reversal levels and potential price magnet areas.
✅ Options Traders – Essential for understanding market maker hedging flows, gamma positioning, and implied volatility shifts.
✅ Institutional & Retail Investors – Provides deeper insight into market positioning beyond traditional technical indicators.
Publishing & Compliance Notes:
All levels must be updated daily to reflect current market positioning.
This indicator is strictly for SPX, ensuring accurate gamma and vanna level calculations.
No repainting or misleading elements—data is derived from market positioning models and widely used quantitative methodologies.
It is not financial advice; traders should combine this tool with other analysis techniques.
Cumulative VWAP and EMA with Ichimoku and volume (v3.0)calculated by using vwap to make Lines, SMA, EMA 14, 26, 34, 89, 147, 200, 258, 369, 610, then select and combine the most responsive lines and generelate a filled band to express the range of distortion before price start changing its direction of responses.
Then by that calculated out the 2 upper and lower bands based on the comcept of bollinger band to create a "no trade zone " that used for amatuers to avoid trading if no experiences.
Then wait for ALMA line to harmonic aglined with upper no trading zone line to start trading. If ALMA line aline with No trad zone top, turn green color, and above the balance zone, then go long every time price hit back to ALMA line. then short for versa.
IF price get into no trade zone, non-exp trader should not trade, pro-trader can observe the balance space to take a position same direction with the ALMA line and the no trade zone line.
If ALMA line is inside the no trade zone, then don't trade.
Just simple it is.
Midline Rejection Entry with TP/SL at Supply/DemandThis strategy is an unrefined way of trading on the 5 min timeframe to take an entry based on an identified trend's retracement, taking profit or stopping losses at previously identiffied supports or resistances.
Multi-Timeframe ATR Levels by Hitesh2603Description:
"Multi-Timeframe ATR Levels by Hitesh2603" is a versatile and adaptive indicator designed to help traders identify key price levels based on the Average True Range (ATR) from a higher timeframe. The script automatically adapts to the current chart’s timeframe and allows you to customize the higher timeframe for ATR calculations, making it ideal for intraday and swing trading strategies.
The indicator plots upper and lower price levels based on the ATR multiplier, providing clear visual cues for potential profit-taking or exit points. It also includes features like editable timeframe presets , historical level plotting , labels , and alerts , making it a powerful tool for traders of all experience levels.
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Key Features:
1. Automatic Timeframe Adaptation : - The script automatically detects the current chart’s timeframe and selects the appropriate higher timeframe for ATR calculations.
2. Editable Preset Timeframe Pairs : - Customize the higher timeframe for each chart timeframe directly in the indicator settings.
3. Dynamic ATR-Based Levels :- Plots upper and lower price levels using the formula:
- Upper Level = Current Candle Open + (Previous Candle ATR * Multiplier)
- Lower Level = Current Candle Open - (Previous Candle ATR * Multiplier)
4. Customizable Inputs :
- Adjust ATR length, multiplier, line length, colors, and more.
5. Labels :
- Displays the exact values of the upper and lower levels for easy reference.
6. Historical Levels :
- Optionally plots historical levels for all candles.
7. Alerts :
- Get notified when the price crosses the upper or lower levels.
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Use Cases:
1. Intraday Trading :
- Use the script on a 5-minute or 15-minute chart with a 1-hour higher timeframe to identify intraday profit-taking or exit points.
2. Swing Trading :
- Use the script on a 1-hour or 4-hour chart with a daily higher timeframe to identify swing trading opportunities.
3. Position Trading :
- Use the script on a daily chart with a weekly higher timeframe to identify key levels for position trading.
4. Breakout Confirmation :
- Use the upper and lower levels as confirmation points for breakouts or reversals.
5. Risk Management :
- Use the levels to set stop-loss or take-profit targets based on market volatility.
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How to Use:
1. Add the Script to Your Chart :
- Search for "Multi-Timeframe ATR Levels by Hitesh2603" in the TradingView indicator library and add it to your chart.
2. Customize the Settings :
- Adjust the inputs (e.g., ATR length, multiplier, line length, colors, etc.) to suit your trading strategy.
3. Set the Higher Timeframe :
- The script will automatically display an input for the higher timeframe based on the current chart’s timeframe. Customize it as needed.
4. Interpret the Levels :
- The script will plot two horizontal lines (upper and lower levels) on the chart. Use these levels for profit-taking, exits, or breakout confirmation.
5. Enable Alerts :
- Set up alerts to get notified when the price crosses the upper or lower levels.
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Input Parameters:
1. ATR Length :
- The period used to calculate the ATR (default: 14).
2. ATR Multiplier :
- The multiplier applied to the ATR to calculate the levels (default: 0.65).
3. Line Length :
- The number of candles to extend the lines (default: 10).
4. Show Labels :
- Toggle to display the exact values of the levels (default: true).
5. Show Historical Levels :
- Toggle to plot historical levels for all candles (default: false).
6. Line Colors :
- Customize the colors of the upper and lower levels.
7. Line Width :
- Adjust the thickness of the lines (default: 2).
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Example:
- Current Chart : 5-minute
- Higher Timeframe : 1-hour
- Previous Hour’s ATR : 4.6
- Current Hour’s Open : 102
- Multiplier : 0.65
Levels :
- Upper Level = 102 + (4.6 * 0.65) = 105.0
- Lower Level = 102 - (4.6 * 0.65) = 99.0
The script will plot horizontal lines at 105.0 and 99.0 on the 5-minute chart.
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Alerts:
- Price Crosses Upper Level :
- Triggered when the price crosses above the upper level.
- Price Crosses Lower Level :
- Triggered when the price crosses below the lower level.
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Notes:
- The script is designed to be flexible and adaptable to various trading styles and timeframes.
- Always backtest and validate the indicator with your trading strategy before using it in live trading.
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Credits:
- Developed by Hitesh2603 .
- Special thanks to the TradingView community for inspiration and support.
PriceCatch - Previous Hour RangeHi Tradingview community,
Recently I stumbled upon a video on Youtube where the Youtuber was talking about Intraday trading based on 1 hour price range.
Anyone requesting the code was asked to contact over email for the code. So, I thought, this is such a simple script and has no special complex coding involved and why such a show off instead of just sharing it.
So, I decided to write the code myself and it took me under 10 minutes to do it. So, here's the PriceCatch - Previous Hour Range script. It is open source, so you can check it and apply it in your trading strategy.
Remember, this is just a simple range plotter and does not give any signals.
If you want 2 hours range, then simply change 60 to 120. Simple.
So, all the best with your trades.
PriceCatch
Multi-Timeframe Trend Indicator"Introducing the Multi-Timeframe Trend Indicator: Your Key to Comprehensive Market Analysis
Are you looking for a powerful tool to enhance your trading decisions? Our Multi-Timeframe Trend Indicator offers a unique perspective on market trends across five crucial timeframes.
Key Features:
1. Comprehensive Analysis: Simultaneously view trends for H1, H4, D1, W, and M timeframes.
2. Easy-to-Read Display: Color-coded table for instant trend recognition.
3. Proven Strategy: Utilizes the reliable EMA7, SMA20, and SMA200 crossover method.
How It Works:
- Bullish Trend: When EMA7 > SMA20 > SMA200
- Bearish Trend: When EMA7 < SMA20 < SMA200
- Neutral Trend: Any other configuration
Benefits:
- Align your trades with multiple timeframe trends
- Identify potential trend reversals early
- Confirm your trading decisions with a quick glance
Whether you're a day trader or a long-term investor, this indicator provides valuable insights to support your trading strategy. By understanding trends across multiple timeframes, you can make more informed decisions and potentially improve your trading results.
Don't let conflicting timeframes confuse your strategy. Get the full picture with our Multi-Timeframe Trend Indicator today!"
Keltner Channel CustomAnchored to 1D, added stochastic reading for oversold conditions, built for 4h on CL1!
Squeeze_breakout_reversalThis script identifies high-probability breakout and reversal setups using a combination of Bollinger Bands, Keltner Channels, MACD, Stochastic RSI, and Anchored VWAP.
🔹 Breakout Signals: Triggered after a volatility squeeze with momentum confirmation.
🔹 Reversal Signals: Occur post-squeeze with strong directional momentum shifts.
🔹 Customizable Inputs: Adjust indicator parameters for fine-tuned signals.
🔹 Enhanced Visualization:
Bollinger Bands, Keltner Channels, and AVWAP plotted on the main chart.
MACD & Stochastic RSI plotted in a separate pane.
Dynamic bar coloring for easy signal recognition.
Ideal for traders looking to capitalize on high-momentum breakouts and reversals! 📈🔥
DS_Gurukul_5minTrendDS Gurukul (DS_5minTrend) Indicator: A Simple Yet Powerful Trend Tool
The Tushar Daily Bands (DS_5minTrend) indicator is a straightforward tool designed to help traders quickly visualize potential trend reversals and identify profitable trading opportunities. This indicator plots two bands—an upper band (green) and a lower band (red)—based on a small percentage deviation from the closing price of the first candle of each trading day.
How it Works:
The DS_5minTrend indicator calculates these bands at the start of each new trading day. The bands then remain fixed for the rest of that day. This daily reset allows traders to easily see how the current day's price action relates to the opening price and the calculated bands.
Trading Signals:
Potential Reversals: When the price approaches or touches the upper band (green), it can signal a potential overbought condition and a possible reversal to the downside. Conversely, when the price approaches or touches the lower band (red), it can suggest an oversold condition and a possible reversal to the upside.
Trend Confirmation: If the price consistently closes above the upper band for several periods, it may indicate a strong uptrend. Conversely, consistent closes below the lower band can suggest a strong downtrend.
Support and Resistance: The bands can also act as dynamic support and resistance levels. Traders can watch for price bounces off these levels as potential entry points.
How to Use:
Combine with other indicators: While DS_5minTrend can provide valuable insights, it's generally recommended to use it in conjunction with other technical indicators, such as RSI, MACD, or volume analysis, for confirmation.
Consider market context: Always consider the broader market context and news events that may be influencing price action.
Risk Management: Implement proper risk management strategies, including stop-loss orders, to protect your capital.
Disclaimer: The DS_5minTrend indicator is a tool for analysis and should not be the sole basis for making trading decisions. Trading involves substantial risk, and you could lose money. Always do your own research and consult with a financial advisor before making any investment decisions.
Target_SL_IndicatorIndicator which plots lines at levels as per below calculations
Line1: high + (high - low) * 0.146
Line2: high + (high - low) * 0.236
Line3: low + (low - high) * 0.146
Line4: low + (low - high) * 0.236
The multiplication factors are also configurable and can be given from inputs.
High and low are calculated on the bar which is calculated as below.
Bar on which calculations are done :: starting bar of day + number of bars as given in input.
SMC Liquidity & Order Blocks🔹 1. Moving Averages for Trend Confirmation
Uses Exponential Moving Averages (EMA) to determine trend direction.
9-period EMA (blue) and 15-period EMA (red) are plotted.
🔹 2. Liquidity Zones (Swing Highs & Lows)
Identifies liquidity zones where price is likely to react.
Buy-Side Liquidity: Highest high over 20 periods (Green line).
Sell-Side Liquidity: Lowest low over 20 periods (Red line).
🔹 3. Order Block Detection
Detects bullish and bearish order blocks (key price zones of institutional activity).
Bullish Order Block (OB): Formed when the highest close over 5 bars exceeds the highest high.
Bearish Order Block (OB): Formed when the lowest close over 5 bars is lower than the lowest low.
Plotted using green (up-triangle) for bullish OB and red (down-triangle) for bearish OB.
🔹 4. Fair Value Gaps (FVG)
Detects price inefficiencies (gaps between candles).
FVG Up: When a candle's high is lower than a candle two bars ahead.
FVG Down: When a candle's low is higher than a candle two bars ahead.
Plotted using blue circles (FVG Up) and orange circles (FVG Down).
Bull Market Support Band (SMA 20 & EMA 21) [rowoger]BMSB SMA 20h EMA 21h as said. Bull/bear shadow area.
Good luck :)
BB and 200 EMA StrategySimple Bollinger bands + 200 EMA confirmation trigger, promising but work in progress.
