Daily Candle Wicksوصف مؤشر الذيول اليومية (Daily Candle Wicks)
الفكرة الأساسية
يقوم هذا المؤشر برسم مناطق الذيول (الظلال) العلوية والسفلية للشمعة اليومية مباشرة على الرسم البياني. الميزة الأساسية هي أن هذه المناطق تظل مرسومة لتمثل الشمعة اليومية حتى لو كنت تستخدم إطارًا زمنيًا أصغر (مثل فريم الساعة، 15 دقيقة، أو 5 دقائق).
طريقة العمل والمكونات المرئية
يقوم المؤشر بتحديد 4 نقاط رئيسية للشمعة اليومية الحالية: (أعلى سعر High، أدنى سعر Low، سعر الافتتاح Open، وسعر الإغلاق Close). بناءً على هذه النقاط، يقوم برسم المكونات التالية:
منطقة الذيل العلوي (Upper Wick Zone):
هي المنطقة المظللة باللون الأخضر.
تمثل المسافة بين أعلى سعر وصلت له الشمعة اليومية وبداية جسم الشمعة (الجزء الأعلى من الجسم).
تُظهر هذه المنطقة مدى ضغط البيع الذي حدث بالقرب من قمة اليوم.
منطقة الذيل السفلي (Lower Wick Zone):
هي المنطقة المظللة باللون الأحمر.
تمثل المسافة بين نهاية جسم الشمعة (الجزء الأسفل من الجسم) وأدنى سعر وصلت له الشمعة اليومية.
تُظهر هذه المنطقة مدى قوة الشراء التي حدثت بالقرب من قاع اليوم.
سلوك المؤشر (مهم جدًا)
المؤشر حي ومتحرك (Repainting). هذا يعني أنه سيقوم بتحديث نفسه ورسم المناطق بشكل فوري مع كل تحديث لسعر الشمعة اليومية خلال جلسة التداول.
مثال: إذا كان أعلى سعر لليوم هو 1.0500 ثم تحرك السعر وسجل قمة جديدة عند 1.0510، فإن منطقة الذيل العلوي الخضراء سوف تتمدد للأعلى فورًا لتعكس السعر الجديد. ونفس الشيء ينطبق على الذيل السفلي.
الاستخدام والفائدة
تحديد السيولة والمناطق الهامة: يستخدم المتداولون هذا المؤشر لتحديد أعلى وأدنى سعر لليوم بسهولة، حيث تمثل هذه المستويات مناطق سيولة ومستويات دعم ومقاومة قوية داخل اليوم.
فهم سياق الإطار الزمني الكبير: يساعد المتداولين على الأطر الزمنية الصغيرة على إدراك حدود حركة السعر لليوم بأكمله، مما يساعد في اتخاذ قرارات أفضل بشأن الدخول والخروج من الصفقات.
مراقبة رفض الأسعار: حجم الذيول يعطي فكرة عن قوة البائعين (في الذيل العلوي) أو المشترين (في الذيل السفلي)
Indicator Description: Daily Candle Wicks
Core Concept
This indicator is designed to visualize the upper and lower wicks (also known as shadows) of the daily candle directly onto the main price chart. Its key feature is that it projects these daily zones onto any lower timeframe a trader is viewing, such as the 1-hour or 15-minute chart.
How It Works & Visual Components
The script fetches the daily Open, High, Low, and Close (OHLC) data and uses it to plot two distinct, colored zones:
Upper Wick Zone (Green):
This shaded green area represents the price range from the day's absolute High down to the top of the daily candle's body.
It visually highlights the extent of selling pressure that occurred near the session's peak.
Lower Wick Zone (Red):
This shaded red area represents the price range from the bottom of the daily candle's body down to the day's absolute Low.
It visually highlights the extent of buying pressure that emerged near the session's bottom.
Indicator Behavior (Important Note)
This indicator operates in real-time and repaints throughout the current trading day. This means that as the price forms a new high or low, the corresponding green or red zone will dynamically expand to mark this new level instantly. This behavior is intentional, designed to give a live view of the developing daily range.
Purpose and Use Cases
Identifying Key Levels: It offers traders a clear and automatic way to identify the daily high and low, which often serve as critical intraday support and resistance levels.
Higher-Timeframe Context: It helps intraday traders remain aware of the broader daily price action, preventing them from getting lost in lower timeframe noise.
Analyzing Price Rejection: The size of the wicks provides an immediate visual cue about the strength of price rejection at the extremes of the daily session.
Bande e canali
Liquidity Pools (EQH/EQL) v2با
## **مؤشر مناطق السيولة (القمم/القيعان المتساوية)**
هذا المؤشر مصمم خصيصًا لتحديد ورسم مناطق السيولة المحتملة على الرسم البياني بشكل تلقائي، بناءً على مفهوم القمم المتساوية (Equal Highs - EQH) والقيعان المتساوية (Equal Lows - EQL) المستخدم في استراتيجيات المال الذكي (SMC).
**كيف يعمل؟**
يقوم المؤشر بالبحث عن قمتين (أو قاعين) محوريين يتكونان عند نفس المستوى السعري تقريبًا. الميزة الأساسية في هذا المؤشر هي أنه يقوم بعملية تحقق للتأكد من أن منطقة السيولة لا تزال **"نظيفة" (Clean)**، بمعنى أن السعر لم يكسر هذا المستوى في الفترة الزمنية بين تكون القمة الأولى والثانية. هذا يضمن أن المؤشر يعرض فقط مناطق السيولة التي لم يتم استهدافها بعد، مما يجعلها أهدافًا محتملة للسعر في المستقبل.
**كيفية الاستفادة منه؟**
* **تحديد الأهداف:** تعمل مناطق السيولة كمغناطيس للسعر، حيث تتجمع أوامر وقف الخسارة وأوامر الدخول المعلقة، مما يجعلها أهدافًا واضحة لتحركات السعر.
* **مناطق الانعكاس:** يمكن استخدام هذه المناطق كنقاط اهتمام رئيسية لتوقع حدوث انعكاسات أو ردود فعل قوية للسعر عند الوصول إليها.
**الإعدادات الرئيسية:**
* **مدى البحث عن القمم/القيعان:** لتحديد حساسية اكتشاف النقاط المحورية.
* **نسبة التقارب المئوية:** للتحكم في مدى تقارب الأسعار لاعتبارها "متساوية".
* **مدى البحث التاريخي:** لتحديد النطاق الذي يبحث فيه المؤشر عن تطابق.
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### **English Description 🇬🇧**
## **Liquidity Pools (EQH/EQL) Indicator**
This indicator is specifically designed to automatically identify and plot potential liquidity pools on the chart, based on the Smart Money Concepts (SMC) of Equal Highs (EQH) and Equal Lows (EQL).
**How It Works**
The script scans for two swing pivots (highs or lows) that form at approximately the same price level. The core feature of this indicator is its **"cleanliness check"**, which verifies that the price has not traded through the liquidity level in the time between the formation of the first and second pivot. This ensures that the indicator only displays **"un-tapped" or "virgin"** liquidity pools that have not yet been mitigated, making them valid potential targets for future price action.
**How to Use It**
* **Identifying Targets:** Liquidity pools often act as a magnet for price, as stop-loss and pending entry orders tend to accumulate there. This makes them clear targets for price moves.
* **Areas of Interest:** These zones can be used as key levels to anticipate potential reversals or strong reactions once the price reaches them.
**Key Settings:**
* **Pivot Lookback:** Defines the sensitivity for detecting swing points.
* **Equality Tolerance %:** Controls how close two prices must be to be considered "equal".
* **History Lookback:** Sets the range the indicator will scan to find a matching pivot.
Dynamic Ray BandsAbout Dynamic Ray Bands
Dynamic Ray Bands is a volatility-adaptive envelope indicator that adjusts in real time to evolving market conditions. It uses a Double Exponential Moving Average (DEMA) as its central trend reference, with upper and lower bands scaled according to current volatility measured by the Average True Range (ATR).
This creates a dynamic structure that visually frames price action, helping traders identify areas of potential trend continuation, overextension, or mean reversion.
How It Works
🟡 Centerline (DEMA)
The central yellow line is a Double Exponential Moving Average, which offers a smoother, less laggy trend signal than traditional moving averages. It represents the market’s short- to medium-term “equilibrium.”
🔵 Outer Bands
Plotted at:
Upper Band = DEMA + (ATR × outerMultiplier)
Lower Band = DEMA - (ATR × outerMultiplier)
These bands define the extreme bounds of current volatility. When price breaks above or below them, it can signal strong directional momentum or overbought/oversold conditions, depending on context. They're often used as trend breakout zones or to time exits after extended runs.
🟣 Inner Bands
Plotted closer to the DEMA:
Inner Upper = DEMA + (ATR × innerMultiplier)
Inner Lower = DEMA - (ATR × innerMultiplier)
These are preliminary volatility thresholds, offering early cues for potential expansion or reversal. They may be used for scalping, tight stop zones, or pre-breakout positioning.
🔁 Dynamic Width (Bands are Dynamically Adjusted Per Tick)
The width of both inner and outer bands is based on ATR (Average True Range), which is recalculated in real time. This means:
During high volatility, the bands expand, allowing for wider price fluctuations.
During low volatility, the bands contract, tightening range expectations.
Unlike fixed-width channels or standard Bollinger Bands (which use standard deviation), this per-tick adjustment via ATR enables Dynamic Ray Bands to reduce false signals in choppy markets and remain more reactive during trending conditions.
⚙️ Inputs
DMA Length — Period for the central DEMA.
ATR Length — Lookback used for ATR volatility calculations.
Outer Band Multiplier — Controls sensitivity of extreme bands.
Inner Band Multiplier — Controls proximity of inner bands.
Show Inner Bands — Toggle for plotting the inner zone.
🔔 Alerts
Alert conditions are included for:
Price closing above/below the outer bands (trend momentum or overextension)
Price closing above/below the inner bands (early signs of strength/weakness)
🧭 Use Cases
Breakout detection — Catch price continuation beyond the outer bands.
Volatility filtering — Adjust trade logic based on band width.
Mean reversion — Monitor for snapbacks toward the DEMA after price stretches too far.
Trend guidance — Use band slope and price position to confirm direction.
⚠️ Disclaimer
This script is intended for educational and informational purposes only. It does not constitute financial advice or a recommendation to trade any specific market or security. Always test indicators thoroughly before using them in live trading.
FVGFVG (Fair Value Gap) Indicator
The Fair Value Gap (FVG) indicator is a powerful tool designed to identify price imbalance zones that often act as critical support and resistance levels in the market. An FVG occurs when there is a gap between the high of one candle and the low of another candle two periods away, creating an unfilled price area that the market tends to revisit. These zones represent areas where institutional orders may be waiting and can provide high-probability trading opportunities.
This indicator automatically detects both bullish and bearish FVGs across any selected timeframe while ensuring complete reliability with no repainting. It uses only confirmed bar data with lookahead protection, making it suitable for live trading and backtesting. The tool features customizable visual elements including zone colors, transparency levels, and timeframe labels, along with automatic mitigation tracking that monitors when FVGs get filled by price action.
Key features include multi-timeframe analysis, extending zones to the right for ongoing relevance, flexible display options for both active and mitigated FVGs, and built-in alert system for new FVG formations. The indicator also provides comprehensive labeling options and maintains a clean chart by automatically managing the maximum number of displayed zones, making it an essential tool for traders following smart money concepts and institutional trading strategies.
Momentum_EMABandThe Momentum EMA Band V1 is a precision tool designed for intraday traders & scalpers. This is the first version of the script, combining three powerful technical elements to help traders identify directional moves while filtering out weak, choppy market phases.
🔧 How the Indicator Works — Combined Logic
This indicator merges well-known but distinct concepts into a unified visual framework:
1️⃣ EMA Price Band — Dynamic Zone Visualization
Plots upper and lower EMA bands based on user input (default: 9-period EMA).
Price relative to the bands provides immediate visual cues:
Green Band: Price above the upper EMA — bullish strength.
Red Band: Price below the lower EMA — bearish pressure.
Yellow Band: Price within the band — neutral zone.
2️⃣ Supertrend Overlay — Reliable Trend Confirmation
ATR-based Supertrend logic (customizable ATR length & factor).
Green Supertrend Line: Uptrend confirmation.
Red Supertrend Line: Downtrend confirmation.
Helps traders ride trends with dynamic levels that adjust to volatility.
3️⃣ ADX-Based No Trade Zone — Choppy Market Filter
Manual ADX calculation measures trend strength (default ADX length: 14).
When ADX is below a user-defined threshold (default: 20) and price is within the EMA Band buffer, a gray background highlights sideways or indecisive market conditions — suggesting no new trade or low momentum zone
Optional gray triangle marker shows the start of each No-Trade Zone phase.
🎯 Key Features
✅ Combines EMA Bands, Supertrend & ADX filtering for comprehensive market context.
✅ Visual No-Trade Zone shading keeps traders out of low-probability setups.
✅ Supertrend Line tracks evolving trend bias.
✅ Fully customizable — adjust EMA, ATR, ADX settings to match different instruments or styles.
✅ Clean, focused chart presentation for easy interpretation.
💡 Practical Application
Momentum Breakouts: Enter trades when price breaks beyond the EMA Band, with Supertrend confirmation.
Avoid Sideways Traps: Refrain from trading during gray-shaded No-Trade Zones, minimizing exposure to whipsaws.
Scalping & Intraday Edge: Particularly effective on lower timeframes where choppy periods are common.
⚠️ Important Disclaimer
This is Version 1 — future versions may expand on features based on trader feedback.
This script is for educational purposes only. Always combine with risk management and thorough strategy validation.
No indicator guarantees profitability — use this tool as part of a broader trading system.
Auto-AVWAP from Recent High/Low + MidlineAutomatically takes AVWAP from recent high/lows and helps in trading
Non-Lagging Longevity Zones [BigBeluga]🔵 OVERVIEW
A clean, non-lagging system for identifying price zones that persist over time—ranking them visually based on how long they survive without being invalidated.
Non-Lagging Longevity Zones uses non-lagging pivots to automatically build upper and lower zones that reflect key resistance and support. These zones are kept alive as long as price respects them and are instantly removed when invalidated. The indicator assigns a unique lifespan label to each zone in Days (D), Months (M), or Years (Y), providing instant context for historical relevance.
🔵 CONCEPTS
Non-Lag Pivot Detection: Detects upper and lower pivots using non-lagging swing identification (highest/lowest over length period).
h = ta.highest(len)
l = ta.lowest(len)
high_pivot = high == h and high < h
low_pivot = low == l and low > l
Longevity Ranking: Zones are preserved as long as price doesn't breach them. Levels that remain intact grow in visual intensity.
Time-Based Weighting: Each zone is labeled with its lifespan in days , emphasizing how long it has survived.
duration = last_bar_index - start
days_ = int(duration*(timeframe.in_seconds("")/60/60/24))
days = days_ >= 365 ? int(days_ / 365) : days_ >= 30 ? int(days_ / 30) : days_
marker = days_ >= 365 ? " Y" : days_ >= 30 ? " M" : " D"
Dynamic Coloring: Older zones are drawn with stronger fill, while newer ones appear fainter—making it easy to assess significance.
Self-Cleaning Logic: If price invalidates a zone, it’s instantly removed, keeping the chart clean and focused.
🔵 FEATURES
Upper and Lower Zones: Auto-detects valid high/low pivots and plots horizontal zones with ATR-based thickness.
Real-Time Validation: Zones are extended only if price stays outside them—giving precise control zones.
Gradient Fill Intensity: The longer a level survives, the more opaque the fill becomes.
Duration-Based Labeling: Time alive is shown at the root of each zone:
• D – short-term zones
• M – medium-term structure
• Y – long-term legacy levels
Smart Zone Clearing: Zones are deleted automatically once invalidated by price, keeping the display accurate.
Efficient Memory Handling: Keeps only the 10 most recent valid levels per side for optimal performance.
🔵 HOW TO USE
Track durable S/R zones that survived price tests without being breached.
Use longer-lived zones as high-confidence confluence areas for entries or targets.
Observe fill intensity to judge structural importance at a glance .
Layer with volume or momentum tools to confirm bounce or breakout probability.
Ideal for swing traders, structure-based traders, or macro analysis.
🔵 CONCLUSION
Non-Lagging Longevity Zones lets the market speak for itself—by spotlighting levels with proven survival over time. Whether you're trading trend continuation, mean reversion, or structure-based reversals, this tool equips you with an immediate read on what price zones truly matter—and how long they've stood the test of time.
YAS GROUP✅ يحدد لك مناطق الـ Order Blocks القوية (على فريمات 15 دقيقة، 1 ساعة، و4 ساعات).
✅ حاطين فيبو داخل الـ OB عشان تأكد نقاط الارتداد بدقة.
✅ يعطيك إشارات شراء وبيع أدق من الصقر، وتقدر تشغل أو تطفي فلاتر الـ RSI والـ EMA/SMA حسب راحتك.
✅ بعد، فيه خطوط دعم ومقاومة ديناميكية، شغّالة ع آخر Pivot Highs & Lows.
✅ ينفع حق السكالبينج، التداول اليومي، وحتى الصفقات الطويلة.
🎯 من الإعدادات، تقدر تتحكم في الفلاتر والفريمات اللي تباها.
⚠️ ترى هالمؤشر مش نصيحة مالية مباشرة، دايم خلك حذر، وطبّق إدارة رأس مالك عدل.
🔔 ولاتنسى تحط التنبيهات، عشان توصلك الإشارات وأنت مرتاح.
بالتوفيق ، ورزقك إن شاء الله فوووق!
Hey brother, this indicator is fully loaded and super accurate! 🙌🔥
✅ Detects strong Order Blocks (15m, 1H, 4H).
✅ Adds Fibonacci levels inside OBs to confirm precise reversal points.
✅ Gives you super sharp Buy & Sell signals, with optional RSI and EMA/SMA filters you can toggle on/off.
✅ Also has dynamic Support & Resistance lines, based on the latest pivot highs & lows.
✅ Suitable for scalping, day trading, and swing trading.
🎯 You can easily customize filters and select the timeframes you want from the settings.
⚠️ Note: This is not financial advice — always use proper risk management and stay cautious.
🔔 Don't forget to set alerts so you never miss an opportunity.
Good luck and smash those profits! 🚀🔥
مع تحيات قروب ابو سلطان
YAS GROUPFOR ALL YAS GROUP MEMBERS
🔥 مؤشر متكامل يجمع بين عدة تقنيات احترافية لتحديد أفضل مناطق الدخول والخروج بدقة عالية:
✅ مناطق الـ Order Blocks القوية (15m, 1H, 4H)
✅ نسب الفيبوناتشي داخل الـ OB لتأكيد نقاط الانعكاس
✅ إشارات شراء وبيع دقيقة مع إمكانية تفعيل فلتر RSI و EMA/SMA
✅ خطوط دعم ومقاومة ديناميكية مبنية على آخر Pivot Highs & Lows
✅ مناسب للسكالبينج، التداول اليومي، وحتى الصفقات المتوسطة والطويلة
🎯 يمكنك التحكم في شروط الفلاتر وتخصيص الفريمات التي تهمك بسهولة من الإعدادات.
💡 هدف المؤشر: مساعدة المتداول في اتخاذ قرارات مدروسة ومبنية على مناطق سيولة وتجمع أوامر حقيقية، وليس فقط إشارات عشوائية.
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⚠️ ملاحظة:
- لا يعتبر هذا المؤشر نصيحة مالية مباشرة.
- يفضل استخدامه مع إدارة رأس المال ومراعاة الأخبار والتحليل الأساسي.
🔔 لا تنسَ تفعيل التنبيهات للإشارات المهمة!
🔥 A complete all-in-one indicator combining multiple professional techniques to accurately detect the best entry and exit zones:
✅ Strong Order Blocks zones (15m, 1H, 4H)
✅ Fibonacci levels inside OBs to confirm reversal points
✅ Highly precise Buy/Sell signals with optional RSI and EMA/SMA filters
✅ Dynamic Support & Resistance lines based on latest pivot highs & lows
✅ Perfect for scalping, day trading, and swing trading
🎯 Easily customize filters and timeframes directly from the settings.
💡 Goal: Help traders make more confident, well-informed decisions based on real liquidity and order flow zones rather than random signals.
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⚠️ Disclaimer:
- This indicator is not financial advice.
- Always combine it with proper risk management, fundamental analysis, and market context.
🔔 Don’t forget to set alerts to stay on top of key signals!
مع تحيات محمد الابرزي وقروب ابو سلطان
MWA swing high & lowThis indicator identifies and connects significant swing highs and swing lows on the chart using customizable pivot-based logic. It creates a ZigZag-style structure that helps traders visually analyze price action, market structure, and trend direction.
🧠 Key Features:
Detects pivot highs and lows using left/right bar logic.
Plots a ZigZag line connecting swings for easy visual tracking.
Labels each swing as "Swing High" or "Swing Low".
Fully customizable settings: pivot sensitivity, label color/size, and line color.
📈 How to Use:
Use it to spot higher highs/lows or lower highs/lows in trending markets.
Identify structure shifts that may signal trend reversals.
Combine with support/resistance, Fibonacci, or other structure-based tools for confirmation.
Suitable for discretionary or rule-based strategies.
⚠️ Disclaimer:
This script is a visual analysis tool. It does not generate buy/sell signals and does not claim profitability. Past structure patterns do not guarantee future results.
Market Structure by HorizonAImarket structure with BOS and CHOCH. It has full accuracy. Identify structure and trade accordingly.
Siyonacci-powerWith this indicator:
Volume momentum volume line filters the trend.
ATR bands control volatility.
You get alerts for volume mismatch.
MSB peak-bottom breakouts are visible.
MACD momentum histogram in the bottom panel confirms the strength of the signal.
Average Daily Range ADR by thSpecial for Amer and ATR testing and some text for description which I will add a little bit later because beatiful tv can't pass my indicator to be published
🔓 Unlock Invite-Only AccessThis script is a proprietary trading system developed specifically for cyclical analysis in emerging markets, with a focus on Thailand's evolving financial environment. It incorporates a blend of trend-following and contrarian techniques to adapt to dynamic shifts in market sentiment. The system leverages multiple layers of confirmation, including price action signals, volume anomalies, and cycle-based momentum shifts.
The core algorithm detects recurring patterns across timeframes to identify high-probability entry and exit zones. It is particularly tuned to respond to medium-term cycles observed in the Thai stock and derivatives market. Key features include automatic signal generation, dynamic stop-loss calculation, and an adaptive trailing system.
This script is invite-only and intended for private use under a controlled environment, often for research, portfolio testing, and client consultation under partnership programs. It is not meant to serve as financial advice, but rather as a strategic toolkit for experienced traders and analysts operating in developing financial markets.
trade bang mongIndicator Name:
🔺 Key Swing Zones Based on Breakouts (Line-Based)
Short Description:
This indicator automatically detects and visualizes key swing highs and lows based on the principle of candle close breaking the wick of the previous candle, then classifies the current market trend as uptrend, downtrend, or neutral. It draws horizontal lines representing key zones and adds visual labels to help traders analyze market structure more clearly.
Vùng đỉnh đáy chính theo phá vỡ (dùng line)Indicator Name:
🔺 Key Swing Zones Based on Breakouts (Line-Based)
Short Description:
This indicator automatically detects and visualizes key swing highs and lows based on the principle of candle close breaking the wick of the previous candle, then classifies the current market trend as uptrend, downtrend, or neutral. It draws horizontal lines representing key zones and adds visual labels to help traders analyze market structure more clearly.
How It Works:
🔹 Reversal Signal Logic:
In an uptrend, if a candle closes below the previous candle's low, it marks a swing low.
In a downtrend, if a candle closes above the previous candle's high, it marks a swing high.
🔹 Structure Break Detection:
Price breaking above a key high → confirms an uptrend.
Price breaking below a key low → confirms a downtrend.
If price breaks a zone but doesn't form a new high/low → switches to neutral.
🔹 Visual Display:
Draws two horizontal lines: one at the key high, one at the key low.
Adds labels "Key High" or "Key Low" at the breakout points.
Zone color representation:
🟢 Green = Uptrend
🔴 Red = Downtrend
⚪ White = Neutral
多周期共振策略 PRO · Multi-Timeframe Resonance v1.6🇬🇧 English
🚀 Multi-Timeframe Resonance System – Spot Strong Rallies & Reversal Zones At a Glance!
✨ Licensed & Exclusive · Official Version Only · Long-Term Subscription / Licensed Distribution Supported
📌 Highlights
🔹 Multi-Timeframe Resonance Detection
Analyze multiple timeframes simultaneously. Auto-tag trend phases and consolidation zones—quickly identify entries and exits. Supports M‑Top / W‑Bottom / consolidation breakouts / trend reversals.
🔹 Clarity in Trend vs Ranging
Visually highlight trend expansion (green = bullish) and range zones (red = bearish), no need to switch timeframes manually.
🔹 Perfect for All Asset Classes
Stock / ETF, Futures / Commodities, FX / Gold, Crypto—just tweak parameters to match any market rhythm.
🧠 Ideal For
✅ Traders who need quick structural insights from complex charts
✅ Trend followers, swing traders, range breakout players
✅ Multi-timeframe aficionados and order-flow researchers
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🇨🇳 中文
🚀 多周期共振识别系统 —— 强势震荡与拐点,一目了然!
✨ 授权专用 · 唯一正版 · 支持长期订阅 / 授权分发
📌 核心优势 Highlights
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同时分析多个周期,智能标注趋势方向与震荡区间,帮你迅速判断进退时机,支持识别 M 顶 / W 底 / 震荡拐点 / 多空趋势切换。
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🧠 适用人群
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🇯🇵 日本語
🚀 マルチタイムフレーム共振システム ― トレンド&レンジを一目で把握!
✨ ライセンス制・公式正規版・長期購読/ライセンス配布対応
📌 特徴
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複数の時間軸を同時分析し、トレンドとレンジゾーンを自動マーキング。Mトップ/Wボトム/レンジブレイク/トレンド転換を即判断。
🔹 トレンドとレンジの視認性向上
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🔹 すべての金融商品に対応
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🧠 こんな方におすすめ
✅ 複雑なチャートから構造を素早く把握したいトレーダー
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🇫🇷 Français
Objective Congestion Zones (Price Density)Automatically calculates congestion zones on multiple timezones and can be modified to add more zones
DIP BUYING by HAZEREAL BUY THE DIP - Educational Price Movement Indicator
This technical indicator is designed for educational purposes to help traders identify potential price reversal opportunities in equity markets, particularly focusing on NASDAQ-100 index tracking instruments and technology sector ETFs.
Key Features:
Monitors price movements relative to recent highs over customizable lookback periods
Identifies two distinct price decline thresholds: standard (5%+) and extreme (12.3%+)
Visual signals with triangular markers and background color zones
Real-time data table showing current metrics and status
Customizable alert system with webhook-ready JSON formatting
Clean overlay design that doesn't obstruct price action
How It Works:
The indicator tracks the highest price within a specified lookback period and calculates the percentage decline from that high. When price drops below the minimum threshold, it generates visual buy signals. The extreme threshold triggers enhanced alerts for more significant market movements.
Best Use Cases:
Educational analysis of market volatility patterns
Identifying potential support levels during market corrections
Studying historical price behavior around significant declines
Risk management and position sizing education
Important Note: This is a technical analysis tool for educational purposes only. All trading decisions should be based on comprehensive analysis and appropriate risk management. Past performance does not guarantee future results.
EMAs 60/125/250 + Swing-Struktur + CCI-AlertsEMAs 60/125/250 + Swing-Points + CCI-Alerts / crossover 100 /-100
SuperTrend™ - Dynamic Lines & ChannelsSuperTrend™ Indicator: Comprehensive Description
Overview
The SuperTrend™ indicator is a Pine Script (6) designed for TradingView to provide a comprehensive technical analysis tool for traders. It combines dynamic trend channels across multiple timeframes (Daily, Weekly, Monthly, Quarterly, and Yearly/All-Time) with a Modified SuperTrend indicator, a 10-period EMA, a VIDYA (Variable Index Dynamic Average), dynamic support/resistance (S/R) channels, Heikin-Ashi-based candle analysis, and market maker target levels. The indicator plots trendlines, projections, and heartlines to identify potential support, resistance, and trend continuation levels, while additional features like dynamic S/R channels and market maker targets enhance its utility for intraday and multi-timeframe trading strategies. The script is highly customizable, allowing users to toggle visibility and adjust settings for each timeframe, with advanced features for the DayTrade channel, including reflection channels.
This description details the indicator’s features, functionality, and display, focusing on the DayTrade channel’s anchoring, the role of static and dynamic channels in projecting future price action, the heartline’s potential as a volume indicator, and how traders can use the indicator for line-to-line trading strategies. It also covers the integration of SuperTrend, EMA, VIDYA, dynamic S/R, and market maker targets, explaining their roles in enhancing trading decisions.
Features and Functionality
1. Dynamic Trend Channels
The indicator calculates trend channels for five timeframes:
DayTrade Channel: Tracks daily highs and lows, updating before 12 PM each trading day.
Weekly Channel: Tracks highs and lows over a user-selected period (1, 2, or 3 weeks).
Monthly Channel: Tracks monthly highs and lows over a user-selected period (1, 2, or 3 months).
Quarterly Channel: Tracks highs and lows over a user-selected period (1 or 2 quarters).
Yearly/All-Time Channel: Tracks highs and lows over a user-selected period (1 to 10 years or All Time).
Each channel consists of:
Upper Trendline: Connects the high prices of the previous and current periods.
Lower Trendline: Connects the low prices of the previous and current periods.
Projections: Extends the trendlines forward based on the trend’s slope.
Heartline: A dashed line drawn at the midpoint between the upper and lower trendlines or their projections.
DayTrade Channel Anchoring
The DayTrade channel, enabled by the "Show DayTrade Trend Lines" toggle, anchors its trendlines to the high and low prices of the previous and current trading days, with updates restricted to before 12 PM to capture significant price movements during the morning session, which is often more volatile due to market openings or news events. After 12 PM, the trendlines and projections remain static for the rest of the trading day, providing a consistent reference for potential support and resistance levels. This static anchoring allows traders to anticipate price reactions based on historical highs and lows from the previous day and the morning session of the current day, making it ideal for intraday trading strategies.
The static nature after 12 PM ensures that the trendlines and projections do not shift mid-session, offering a stable framework for assessing whether price action respects or breaks these levels, potentially indicating trend continuation or reversal.
Static vs. Dynamic Channels
Static Channels: Once set (e.g., after 12 PM for the DayTrade channel or at the start of a new period for other timeframes), the trendlines remain fixed until the next period begins. This static behavior allows traders to use the channels as reference levels for potential price targets or reversal points, as they are based on historical price extremes.
Dynamic Projections: The projections extend the trendlines forward, providing a visual guide for potential future price action, assuming the trend’s momentum continues. When a trendline or projection is broken (e.g., price closes above the upper projection or below the lower projection), it may suggest a breakout or reversal, prompting traders to reassess their positions.
2. Reflection Channels (DayTrade Only)
The DayTrade channel includes optional lower and upper reflection channels, which are additional trendlines positioned symmetrically around the main channel to provide extended support and resistance zones. These are controlled by the "Show Reflection Channel" dropdown:
Lower Reflection Channel:
Position: Drawn below the lower trendline at a distance equal to the range between the upper and lower trendlines.
Projection: Extends forward as a dashed line.
Heartline: A dashed line drawn at the midpoint between the lower trendline and the lower reflection trendline, controlled by the "Show Reflection Heartline(s)" toggle.
Upper Reflection Channel:
Position: Drawn above the upper trendline at the same distance as the main channel’s range.
Projection: Extends forward as a dashed line.
Heartline: A dashed line drawn at the midpoint between the upper trendline and the upper reflection trendline, controlled by the "Show Reflection Heartline(s)" toggle.
Display Control: The "Show Reflection Channel" dropdown allows users to select:
"None": No reflection channels are shown.
"Lower": Only the lower reflection channel is shown.
"Upper": Only the upper reflection channel is shown.
"Both": Both reflection channels are shown.
Purpose: Reflection channels extend the price range analysis by providing additional levels where price may react, acting as potential targets or reversal zones after breaking the main trendlines.
3. Heartlines
Each timeframe, including the DayTrade channel and its reflection channels, can display a heartline, which is a dashed line plotted at the midpoint between the upper and lower trendlines or their projections. For the DayTrade channel:
Main DayTrade Heartline: Midpoint between the upper and lower trendlines, controlled by the "Show DayTrade Heartline" toggle.
Lower Reflection Heartline: Midpoint between the lower trendline and the lower reflection trendline, controlled by the "Show Reflection Heartline(s)" toggle.
Upper Reflection Heartline: Midpoint between the upper trendline and the upper reflection trendline, controlled by the "Show Reflection Heartline(s)" toggle.
Independent Toggles: Visibility is controlled by:
"Show DayTrade Heartline": For the main DayTrade heartline.
"Show Reflection Heartline(s)": For both lower and upper reflection heartlines.
Potential Volume Indicator: The heartline represents the average price level between the high and low of a period, which may correlate with areas of high trading activity or volume concentration, as these midpoints often align with price levels where buyers and sellers have historically converged. A break above or below the heartline, especially with strong momentum, may indicate a shift in market sentiment, potentially leading to accelerated price movement in the direction of the break. However, this is an observation based on the heartline’s position, not a direct measure of volume, as the script does not incorporate volume data.
4. SuperTrend Indicator
The script integrates a traditional SuperTrend indicator, which uses the Average True Range (ATR) to plot a trend-following line that adjusts dynamically to price action:
Parameters: Hardcoded ATR period of 14 and multiplier of 3.0, with the source set to the closing price.
Calculation: The SuperTrend line is calculated as the lower band (close - ATR * multiplier) in an uptrend or the upper band (close + ATR * multiplier) in a downtrend, switching based on price crossing the previous SuperTrend value.
Display: Plotted as a solid line, green in an uptrend and red in a downtrend.
Purpose: Provides a clear visual indication of the current trend direction, complementing the trend channels by highlighting immediate support/resistance levels based on recent volatility.
5. 10-Period EMA and VIDYA
The script incorporates a 10-period Exponential Moving Average (EMA) and a Variable Index Dynamic Average (VIDYA) from the SuperTrader indicator:
10-Period EMA:
Calculation: A simple moving average of the closing price over 10 periods, smoothed to act as an EMA.
Display: Plotted with a color that changes based on whether the current close is above (bright green) or below (darker green) the EMA.
Purpose: Acts as a short-term trend indicator, helping traders identify momentum and potential entry/exit points.
VIDYA:
Calculation: Uses a 10-period trend line with a 20-period momentum calculation, smoothed over 15 periods. VIDYA adjusts its sensitivity based on market volatility, making it more responsive in trending markets.
Display: Plotted in cyan, with the color reflecting the SuperTrend’s trend direction (uptrend or downtrend).
Purpose: Complements the EMA by providing a dynamic trend indicator that adapts to market conditions, useful for confirming trend direction.
Fill Between EMA and VIDYA: A background fill (green for bullish, red for bearish) is plotted between the EMA and VIDYA lines when they cross, highlighting trend changes and potential trading signals.
6. Dynamic Support/Resistance (S/R) Channels
The script includes dynamic S/R channels based on Heikin-Ashi candle patterns, derived from the SuperTrader indicator:
Calculation: Identifies "lonely candles" using Heikin-Ashi calculations to detect significant highs (green candles) and lows (red candles). These levels are plotted as dynamic S/R lines.
Highlighting: If the "Highlight Impulse Channels" toggle is enabled, the S/R lines are highlighted in yellow when their percentage distance is below the "Impulse Channel Distance (%)" threshold (default 3.0%), indicating a tight channel where price may react strongly.
Display: Plotted as stepped lines (lime for support, purple for resistance), with optional background fill (green for bullish, red for bearish) when "Show Dynamic S/R Channels" is enabled.
Percentage Distance Tags: When "Show Percentage Distance Tags" is enabled, labels display the percentage distance between the S/R lines, aiding in assessing channel tightness.
Purpose: Provides additional dynamic support and resistance levels that complement the trend channels, helping traders identify key price zones for entries, exits, or reversals.
7. Market Maker Targets
The script includes multi-timeframe support and resistance levels, labeled as market maker targets, calculated using Heikin-Ashi-based dynamic S/R on higher timeframes:
Timeframes: 1-hour, 2-hour, 4-hour, Daily, Weekly, Monthly, and Quarterly.
Calculation: Uses the `f_dynamicSR` function to identify significant highs and lows on each timeframe, accessed via `request.security` with lookahead enabled.
Display: When "Show Market Maker Targets" is enabled, labels are plotted at the right of the chart for each timeframe’s S/R levels (lime for support, fuchsia for resistance), showing the timeframe and price level.
Purpose: Provides higher-timeframe context for potential support/resistance zones, useful for swing traders or those aligning intraday trades with broader market structure.
8. Alerts
The script includes alert conditions for all trend channel timeframes, triggered when a candle closes fully above the upper projection or below the lower projection:
Upper Trend Break: Triggers when a candle closes fully above the upper projection of any timeframe.
Lower Trend Break: Triggers when a candle closes fully below the lower projection of any timeframe.
Alerts are combined across all timeframes, so a break in any timeframe triggers a general "Upper Trend Break" or "Lower Trend Break" alert with the message: "Candle closed fully above/below one or more projection lines." Alerts fire once per bar close.
Purpose: Alerts traders to potential breakout or reversal signals, allowing timely decision-making.
9. Customization Options
The script provides extensive customization through input settings, grouped by timeframe and feature:
DayTrade Channel:
"Show DayTrade Trend Lines": Toggle main trendlines and projections.
"Show DayTrade Heartline": Toggle main heartline.
"Show Reflection Heartline(s)": Toggle lower and upper reflection heartlines.
"DayTrade Channel Color": Set color for trendlines (default: orange).
"DayTrade Projection Channel Color": Set color for projections (default: lighter orange).
"Heartline Color": Set color for all heartlines (default: white).
"Show Reflection Channel": Dropdown to show "None," "Lower," "Upper," or "Both" reflection channels.
Other Timeframes (Weekly, Monthly, Quarterly, Yearly/All-Time):
Toggles for trendlines (e.g., "Show Weekly Trend Lines," "Show Monthly Trend Lines") and heartlines (e.g., "Show Weekly Heartline," "Show Monthly Heartline").
Period selection (e.g., "Weekly Period" for 1, 2, or 3 weeks; "Yearly Period" for 1 to 10 years or All Time).
Separate colors for trendlines (e.g., "Weekly Channel Color"), projections (e.g., "Weekly Projection Channel Color"), and heartlines (e.g., "Weekly Heartline Color").
Historical lines for Monthly, Quarterly, and Yearly channels (e.g., "Show Historical Monthly Lines").
SuperTrend and Dynamic S/R:
"Impulse Channel Distance (%)": Set threshold for highlighting tight S/R channels (default: 3.0%).
"Highlight Impulse Channels": Toggle highlighting of tight S/R channels.
"Dynamic S/R Line Thickness": Set thickness for S/R lines (options: 1 to 5).
"Impulse Channel Color": Set color for highlighted S/R lines (default: yellow).
"Bull Box Color" and "Bear Box Color": Set fill colors for S/R channels (default: green and red with transparency).
"Show Percentage Distance Tags": Toggle percentage distance labels for S/R channels.
"Show Dynamic S/R Channels": Toggle visibility of S/R lines and fills.
"Show Market Maker Targets": Toggle higher-timeframe S/R labels.
"Slope Lookback Period" and "Slope Threshold": Adjust parameters for trend direction calculations.
Max Bar Difference: Limits the distance between anchor points to ensure relevance to recent price action (default: 5000 bars).
Display
The indicator overlays the following elements on the chart:
Trendlines: Solid lines connecting the high and low anchor points for each timeframe, using user-specified colors (e.g., orange for DayTrade).
Projections: Dashed lines extending from the current anchor points, indicating potential future price levels, using colors set via projection color inputs (e.g., lighter orange for DayTrade).
Heartlines: Dashed lines at the midpoint of each channel, using the color set via heartline color inputs (e.g., white).
Reflection Channels (DayTrade Only):
Lower reflection trendline and projection: Below the lower trendline, using the same colors as the main channel.
Upper reflection trendline and projection: Above the upper trendline, using the same colors.
Reflection heartlines: Midpoints between the main trendlines and their respective reflection trendlines, using the heartline color.
SuperTrend: A solid line (green for uptrend, red for downtrend) showing the trend direction based on ATR.
10-Period EMA: A solid line (bright green when close is above, darker green when below) indicating short-term trend.
VIDYA: A solid cyan line reflecting dynamic trend direction, aligned with SuperTrend’s trend.
Dynamic S/R Channels: Stepped lines (lime for support, purple for resistance, yellow when highlighted) with optional green/red background fill.
Market Maker Targets: Labels at the right of the chart for higher-timeframe S/R levels (lime for support, fuchsia for resistance).
Percentage Distance Tags: Labels showing the percentage distance between S/R lines when enabled.
Visual Clarity: Lines, fills, and labels are only drawn if the relevant toggles are enabled and data is available. Lines are deleted when conditions are not met to avoid clutter.
Trading Applications: Line-to-Line Trading
The SuperTrend™ indicator provides a robust framework for line-to-line trading, using trendlines, projections, heartlines, SuperTrend, EMA, VIDYA, dynamic S/R channels, and market maker targets as reference points for entries, exits, and risk management. Below is a detailed explanation of how to use the DayTrade channel and its reflection channels, enhanced by the new features, for trading.
1. Why DayTrade Channel Anchoring
The DayTrade channel’s anchoring to the previous day’s high/low and the current day’s high/low before 12 PM, controlled by the "Show DayTrade Trend Lines" toggle, captures significant price levels during high-volatility periods:
Previous Day High/Low: These represent key levels where price found resistance (high) or support (low) in the prior session, often acting as psychological or technical barriers in the current session.
Current Day High/Low Before 12 PM: The morning session (before 12 PM) often sees increased volatility due to market openings, news releases, or institutional activity. Anchoring to these early highs/lows ensures the channel reflects the most relevant price extremes, which are likely to influence intraday price action.
Static After 12 PM: By fixing the anchor points after 12 PM, the trendlines and projections become stable references for the afternoon session, allowing traders to anticipate price reactions at these levels without the lines shifting unexpectedly.
This anchoring makes the DayTrade channel ideal for intraday traders, providing a consistent framework based on recent price history, which can be combined with SuperTrend, EMA, VIDYA, and dynamic S/R signals for enhanced decision-making.
2. Using Static Channels and Projections
The static nature of the DayTrade channel after 12 PM, enabled by "Show DayTrade Trend Lines," and the dynamic projections, set via "DayTrade Projection Channel Color," provide a structured approach to trading:
Support and Resistance:
The upper trendline and lower trendline act as dynamic support/resistance levels based on the previous and current day’s price extremes.
Traders may observe price reactions (e.g., bounces or breaks) at these levels. For example, if price approaches the lower trendline and bounces, it may indicate support, suggesting a potential long entry, especially if supported by a bullish SuperTrend or EMA above VIDYA.
Projections as Price Targets:
The projections extend the trendlines forward, offering potential price targets if the trend continues. For instance, if price breaks above the upper trendline and continues toward the upper projection, traders might consider it a bullish continuation signal, confirmed by a green SuperTrend or bullish fill between EMA and VIDYA.
A candle closing fully above the upper projection or below the lower projection (triggering an alert) may indicate a breakout, prompting traders to enter in the direction of the break or reassess if the break fails.
Static Channels for Breakouts:
Because the trendlines are static after 12 PM, they serve as fixed reference points. A break above the upper trendline or its projection, especially with a bullish EMA/VIDYA crossover or dynamic S/R confirmation, may suggest bullish momentum, while a break below the lower trendline or projection may indicate bearish momentum.
Traders can use these breaks to set entry points (e.g., entering a long position after a confirmed break above the upper projection) and place stop-losses below the broken level to manage risk.
3. Line-to-Line Trading Strategy
Line-to-line trading involves using the trendlines, projections, reflection channels, SuperTrend, EMA, VIDYA, dynamic S/R channels, and market maker targets as sequential price targets or reversal zones:
Trading Within the Main Channel:
Long Setup: If price bounces off the lower trendline and moves toward the heartline (enabled by "Show DayTrade Heartline") or upper trendline, traders might enter a long position near the lower trendline, targeting the heartline or upper trendline for profit-taking. Confirmation from a green SuperTrend, EMA above VIDYA, or price above a dynamic S/R support level strengthens the signal. A stop-loss could be placed below the lower trendline or a nearby market maker target (e.g., Daily support).
Short Setup: If price rejects from the upper trendline and moves toward the heartline or lower trendline, traders might enter a short position near the upper trendline, targeting the heartline or lower trendline, with a stop-loss above the upper trendline or a market maker resistance level (e.g., 4H resistance).
Trading to Reflection Channels:
If price breaks above the upper trendline and continues toward the upper reflection trendline or its projection (enabled by "Show Reflection Channel" set to "Upper" or "Both"), traders might treat this as a breakout trade, entering long with a target at the upper reflection level and a stop-loss below the upper trendline. Confirmation from a bullish EMA/VIDYA fill or a tight dynamic S/R channel (highlighted in yellow) can enhance confidence.
Similarly, a break below the lower trendline toward the lower reflection trendline or its projection (enabled by "Show Reflection Channel" set to "Lower" or "Both") could signal a short opportunity, with a target at the lower reflection level and a stop-loss above the lower trendline.
Reversal Trades:
If price reaches the upper reflection trendline and shows signs of rejection (e.g., a bearish candlestick pattern or divergence with VIDYA), traders might consider a short position, anticipating a move back toward the main channel’s upper trendline, heartline, or a dynamic S/R level.
Conversely, a rejection at the lower reflection trendline, especially with a bullish SuperTrend or EMA/VIDYA crossover, could prompt a long position targeting the lower trendline, heartline, or a higher market maker target.
Risk Management:
Use the heartline or dynamic S/R levels as midpoints to gauge whether price is likely to continue toward the opposite trendline or reverse. For example, a failure to break above the heartline after bouncing from the lower trendline might suggest weakening bullish momentum, prompting a tighter stop-loss.
The static nature of the channels after 12 PM allows traders to set precise stop-loss and take-profit levels based on historical price levels, reducing the risk of chasing moving targets.
Market maker targets (e.g., 1H or Daily S/R levels) can serve as additional stop-loss or take-profit zones, aligning intraday trades with higher-timeframe structure.
4. Heartline as a Volume Indicator
The heartline, controlled by toggles like "Show DayTrade Heartline" and "Show Reflection Heartline(s)," may serve as an indirect proxy for areas of high trading activity:
Rationale: The heartline represents the average price between the high and low of a period, which often aligns with price levels where significant buying and selling have occurred, as these midpoints can correspond to areas of consolidation or high volume in the order book. While the script does not directly use volume data, the heartline’s position may reflect price levels where market participants have historically balanced supply and demand.
Breakout Potential: A break above or below the heartline, particularly with a strong candle (e.g., wide range or high momentum), may indicate a shift in market sentiment, potentially leading to accelerated price movement in the direction of the break. For example:
A close above the main DayTrade heartline, confirmed by a green SuperTrend or bullish EMA/VIDYA crossover, could suggest buyers are overpowering sellers, potentially leading to a move toward the upper trendline or upper reflection channel.
A close below the heartline, supported by a red SuperTrend or bearish EMA/VIDYA crossover, could indicate seller dominance, targeting the lower trendline or lower reflection channel.
Trading Application:
Traders might use heartline breaks as confirmation signals for trend continuation. For instance, after a bounce from the lower trendline, a close above the heartline, aligned with a dynamic S/R support level, could confirm bullish momentum, prompting a long entry.
The heartline can act as a dynamic stop-loss or trailing stop level. For example, in a long trade, a trader might exit if price falls below the heartline, indicating a potential reversal.
For reflection heartlines, a break above the upper reflection heartline or below the lower reflection heartline could signal strong momentum, as these levels are further from the main channel and may require significant buying or selling pressure to breach.
5. Using SuperTrend, EMA, VIDYA, Dynamic S/R, and Market Maker Targets
The integrated features enhance the trading framework:
SuperTrend: Use the SuperTrend line to confirm the overall trend direction. For example, a long trade off the lower DayTrade trendline is stronger if the SuperTrend is green, indicating an uptrend.
EMA and VIDYA: Monitor EMA/VIDYA crossovers and the fill color (green for bullish, red for bearish) to confirm momentum. A bullish crossover (EMA above VIDYA) near a DayTrade trendline bounce can strengthen a long signal, while a bearish crossover supports a short setup.
Dynamic S/R Channels: Use the lime (support) and purple (resistance) lines as additional entry/exit points. If the lines are highlighted in yellow (tight channel), they may act as stronger support/resistance zones. The percentage distance tags help assess channel tightness for potential breakout trades.
Market Maker Targets: Align trades with higher-timeframe S/R levels (e.g., 4H or Daily) to ensure confluence with broader market structure. For example, a long trade off the DayTrade lower trendline is more compelling if it aligns with a Daily support level from the market maker targets.
Combined Signals: Combine signals for higher probability trades. For instance, a breakout above the DayTrade upper projection, confirmed by a green SuperTrend, bullish EMA/VIDYA crossover, and price above a dynamic S/R support level near a Weekly market maker target, suggests a strong bullish setup.
6. Practical Trading Considerations
Timeframe Context: The DayTrade channel, enabled by "Show DayTrade Trend Lines," is best suited for intraday trading due to its daily anchoring and morning update behavior. Use higher timeframe channels (e.g., enabled by "Show Weekly Trend Lines" or "Show Monthly Trend Lines") and market maker targets for broader context, as breaks of the DayTrade channel may align with or be influenced by larger trends.
Confirmation Tools: Use additional indicators (e.g., RSI, MACD, or volume-based indicators) or candlestick patterns to confirm signals at trendlines, projections, heartlines, or dynamic S/R levels. The script’s alerts and market maker targets can help identify breakouts or key levels, but traders should verify with other technical or fundamental factors.
Risk Management: Define risk-reward ratios before entering trades. For example, a 1:2 risk-reward ratio might involve risking a stop-loss below the lower trendline or a market maker support level to target the heartline or upper trendline.
Market Conditions: The effectiveness of the channels, heartlines, and other features depends on market conditions (e.g., trending vs. ranging markets). In choppy markets, price may oscillate within the main channel or between dynamic S/R levels, favoring range-bound strategies. In trending markets, breaks of projections, reflection channels, or market maker targets may signal continuation trades.
Limitations: The indicator relies on historical price data and does not incorporate volume, news, or other external factors. Traders should use it as part of a broader strategy and avoid relying solely on its signals.
How to Use in TradingView
Add the Indicator: Copy the script into TradingView’s Pine Editor, compile it, and add it to your chart.
Configure Settings:
Enable "Show DayTrade Trend Lines" to display the main DayTrade trendlines and projections.
Use the "Show Reflection Channel" dropdown to select "None," "Lower," "Upper," or "Both" to display reflection channels.
Toggle "Show DayTrade Heartline" and "Show Reflection Heartline(s)" to control heartline visibility.
Adjust colors using "DayTrade Channel Color," "DayTrade Projection Channel Color," and "Heartline Color."
Enable other timeframes (e.g., "Show Weekly Trend Lines," "Show Monthly Trend Lines") for additional context.
Enable "Show Dynamic S/R Channels" and "Show Market Maker Targets" to display S/R lines and higher-timeframe levels.
Adjust "Impulse Channel Distance (%)" and other S/R settings to customize dynamic S/R behavior.
Set Alerts: Configure alerts in TradingView for "Upper Trend Break" or "Lower Trend Break" to receive notifications when a candle closes fully above or below any timeframe’s projections.
Analyze the Chart:
Monitor price interactions with trendlines, projections, heartlines, SuperTrend, EMA, VIDYA, dynamic S/R levels, and market maker targets.
Look for bounces, breaks, or rejections at these levels to plan entries and exits.
Use heartline breaks, EMA/VIDYA crossovers, or dynamic S/R confirmations as potential momentum signals.
Align trades with market maker targets for higher-timeframe confluence.
Test Strategies: Backtest line-to-line trading strategies in TradingView’s strategy tester or demo account to evaluate performance before trading with real capital.
Conclusion
The SuperTrend™ indicator provides a comprehensive framework for technical analysis by combining dynamic trend channels, a traditional SuperTrend, a 10-period EMA, VIDYA, dynamic S/R channels, and market maker targets across multiple timeframes. The DayTrade channel’s anchoring to previous and current day highs/lows before 12 PM, enabled by "Show DayTrade Trend Lines," creates a stable reference for intraday trading, while static trendlines, dynamic projections, and reflection channels guide traders in anticipating price movements. The heartlines, controlled by toggles like "Show DayTrade Heartline" and "Show Reflection Heartline(s)," offer potential insights into high-activity price levels, with breaks indicating momentum shifts. The SuperTrend, EMA, VIDYA, dynamic S/R channels, and market maker targets enhance the indicator by providing trend confirmation, dynamic support/resistance, and higher-timeframe context. Traders can use the indicator for line-to-line trading by targeting moves between trendlines, projections, reflection channels, and S/R levels, while managing risk with stop-losses and confirmations from other tools. The indicator should be used as part of a comprehensive trading plan.