Donchian Cloud Score w/ TableThis indicator contains a set of 5 Donchian channels (upper, lower, and basis plotted) defaulted to lengths of 25, 50, 100, 150, and 200. A set of conditions associated with the channels aims to determine ranging versus trending markets. Weights are given to these conditions accordingly, then tallied up to determine the "cloud score", ranging between -25 and 25. For the purposes of this indicator, a ranging market is determined by a cloud score between -10 and 10, while a positive trending market has a score higher than 10 and a negative trending market has a score lower than -10. This score is accompanied by altered bar color to reflect the score - gray for ranging markets, green for positive trending markets, and red for negative trending markets. Breaking of upper or lower Donchian bands is typically a good indication of a potential breakout. Having a weighted system for these conditions will provide more insight and layers of confirmation into a Donchian breakout trading strategy. The table will reflect these values through positive, negative, and neutral coloration.
The list of conditions and their associated weights for this indicator are as follows:
- Broke the 25-length DC (DC(25)) upper band in the previous 3 bars - +1 if true, 0 if false
- Broke the DC(50) upper band in the previous 3 bars - +2 if true, 0 if false
- Broke the DC(100) upper band in the previous 3 bars - +3 if true, 0 if false
- Broke the DC(150) upper band in the previous 3 bars - +4 if true, 0 if false
- Broke the DC(200) upper band in the previous 3 bars - +5 if true, 0 if false
- Broke the DC(25) lower band in the previous 3 bars - -1 if true, 0 if false
- Broke the DC(50) lower band in the previous 3 bars - -2 if true, 0 if false
- Broke the DC(100) lower band in the previous 3 bars - -3 if true, 0 if false
- Broke the DC(150) lower band in the previous 3 bars - -4 if true, 0 if false
- Broke the DC(200) lower band in the previous 3 bars - -5 if true, 0 if false
- DC(25) basis line above the DC(50) basis line - +1 if true, -1 if false
- DC(25) basis line above the DC(100) basis line - +1 if true, -1 if false
- DC(25)basis line above the DC(150) basis line - +1 if true, -1 if false
- DC(25) basis line above the DC(200) basis line - +1 if true, -1 if false
- DC(50) basis line above the DC(100) basis line - +1 if true, -1 if false
- DC(50) basis line above the DC(150) basis line - +1 if true, -1 if false
- DC(50) basis line above the DC(200) basis line - +1 if true, -1 if false
- DC(100) basis line above the DC(150) basis line - +1 if true, -1 if false
- DC(100) basis line above the DC(200) basis line - +1 if true, -1 if false
- DC(150) basis line above the DC(200) basis line - +1 if true, -1 if false
Breakout!
Cuban's Range PositioningCuban's Range Positioning is the primary backbone of Cuban's Asset Screener and a fantastic standalone market screening tool.
Range Positioning allows the trader to monitor the positioning of over 200+ Binance and Bybit Futures assets within a single window, with a standard measurement of performance, and also with custom watchlist support.
The range calculation itself uses the unique logic of Cuban's Donchian Suite, retaining highs and lows until the opposite side of the range is tagged.
When viewed historically, the Range Positioning screener allows traders to monitor any assets that are continually pushing range highs and lows, identify outliers, and track trending sectors relative to the rest of the market. This script makes this identification easier for the user by making assets that aren't approaching highs or lows, transparent.
Included within this indicator is the option to redenominate the quote asset of all assets on screen using the current chart ticker.
Within the user inputs, the user gains the ability to customize the following:
Range lookback
Asset redenomination
Location of the asset table
Percentage of assets highlighted or made transparent
Dynamic labelling offset
Over 200+ Binance and Bybit Futures assets
TO DO:
Customize number of assets on screen
Allow values beyond the initial range
Stockbee Momentum BurstThis is a script to color code bars based on the bullish- and bearish combination.
Bullish Combination
Percent: Price >= 4% from yesterday and Volume today > Yesterday
Dollar: Price >= 0.9 dollar from open
Base Requirements
- Price > Yesterday's close
- Price > Open
- Price is within 30% of high
- Todays price range >= Yesterdays price range
- Yesterday's move <= 2%
- Volume >= 100 000
Bearish Combination
Percent: Price <= 4% from yesterday and Volume today > Yesterday
Dollar: Price <= 0.9 dollar from open
Base Requirements
- Price < Yesterday's close
- Price < Open
- Price is within 30% of low
- Todays price range >= Yesterdays price range
- Yesterday's move >= -2%
- Minimum volume for each of last 3 days >= 100 000
Momentum Filter
These are based on the 10 and 20 EMA crossover, where the former above would indicate upward momentum and below downward momentum. This can help to narrow down the color code to continuation phases. The linked option will override all other momentum filters, bullish candles will be displayed when EMA 10 > 20 and bearish candles when EMA 10 < 20.
Cosmic Channel LiteCosmic Channel Lite ( CC Lite) draws dynamic non-repainting trendlines and helps
⭐ know when a breakout is about to begin
⭐ predict the position and timing of the next swing reversal
⭐ predict sudden changes in volatility
⭐ recognize whether the price is in bearish or bullish territory
👀 HOW IT WORKS
Cosmic Channel Lite draws a dynamic channel consisting of a support line, basis line and resistance line. These are calculated by applying the Reduced Median Method to groups of moving averages of different type over several periods each, effectively taking 20 data points and reducing them to 3. In between, 6 internal levels are left to give context inside the channel with stable levels, the extremes of which help highlight the SR lines (see chart). The basis line color is determined by its smoothed angle with positive angles in green and negative in purple. The aim of this indicator is to provide a consistent and generic price context that works out-of-the-box and accordingly the settings have been stripped to the bare minimum with no need to continually adjust them.
📗 HOW TO USE IT
The Cosmic Channel Lite plots are meant to be used as a guide for entering and exiting positions and setting stop-loss and take profit levels. The indicator is deemed effective for any particular timeframe as long as the price stays within the maximum bounds of the indicator's plots. For this reason it is recommended to use Cosmic Channel Lite in a multi-chart layout where each chart has a different timeframe. The 5 primary strategies are:
long when the price reverses off of the support line and short when the price reverses off of the resistance line
long when the support line is highlighted and short when the resistance line is highlighted
long when the price breaks above the resistance line and short when the price breaks below the support line
long when the price moves above the basis line after being below it for a prolonged period and visa-versa (short when the price moves below the basis line)
long/short in the direction the price takes after a stable level ends
🔔 SMART ALERTS
Get notified at the most critical times by settings just one alert. Simply select CC Lite and Any alert() function call as the conditions when creating an alert and you will be tipped-off on bar-close as follows:
R─ (resistance line is highlighted)
S─ (support line is highlighted)
For example, an alert such as CC Lite 6h R─ would mean that during the last 6-hour bar the resistance line has been highlighted. The highlight lasts at least 15 bars from the first highlight bar regardless of price action.
B4Signals Indicator Premium Addon SqueezeB4 Squeeze is a chop zone indicator that finds potential breakouts in Realtime. It filters price action to Identify and draw a squeeze threshold (chop zone) live on your upper chart. It identifies both Squeeze Zones and Breakouts/Breakdowns.
How it works?
- The script finds highest/lowest bars during the SQZ according to the ”B4Signals Indicator“.
- By using the direction and highest/lowest bar info it calculates SQZ Zones in realtime .
- The Indicator helps you stay out of the chop during the SQZ and allows you to exploit explosive moves when it breaks out.
- When price exits the SQZ threshold, price will usually explode up or down changing the color of the box to indicate breakout direction.
- Then SQZ Zone extends automatically if there is no breakout.
HMA Breakout Buy/Sell indicator for Scalping & Intraday - ShyamHi All,
This is a very simple indicator which provides the buy signal, when the moving average lines turns Green and sell signal, when the moving average signal turns red. This can be used for both intraday and scalping method with different timeframes. But best time frame is 5 minutes.
Buy Signal >>> Line turns GREEN (Use trailing SL to cover maximum profit)
Sell Signal >>> Line turns RED (Use trailing SL to cover maximum profit)
No trade >>> Line turns GRAY
Best timeframe >>> 5 minutes
Thanks,
Shyam
Clean ADX with bidirectional Breakout VolumeThe default Average Directional Index (ADX) helps traders determine the strength of a trend, not its actual direction. The Clean ADX helps traders determine the strength of a trend on a longer time, and the possible direction on different timeframes.
The bidirectional Breakout Volume determines both directions of breakout or breakdown volume. When volume is high by comparing the previous volume high over n periods to the current volume or when volume is lower by comparing the previous volume low over n periods to the current volume.
If the current volume exceeds the previous volume high or low, then the indicator columns will turn red or green.
This indicator should make trading easier and improve analysis. Nothing is worse than indicators that give confusingly different signals.
The combination of the first and second indicator therefore makes perfect sense to me and now you are able to find your long or short trends earlier.
I hope you enjoy my new ideas
best regards
Chervolino
Trend line & pivot level
This script can plot pivot levels and trend lines that are haven't broke out.
In the setting, left and right means how to get the pivot. the pivot will be gotten based on the left candles and the right candles. boxes will be auto deleted after the box was broke.
Important: This is just a beta version, if you find some bug with using this script. Don't hesitate to contact me.
What the future version will have? Might be pattern scanner, multi trend line, levels in different time frame, break out alert, or better key level algorithm. Depends on when I have free time.
Consolidation BoxThis script aims to help identify sideways markets. Once price leaves the Box the market will usually start a trending phase. Users can set a percent range to detect markets moving sideways within the range.
Boom Hunter XBoom Hunter X is built to target breakouts and explosive moves. The strength of this indicator is in slower timeframes like daily, weekly and monthly but it also works great on 4 hour timeframes. It is a modified version of Boom Hunter XL designed to be simple and easy to use. There are minimal settings available, aside from being able to choose the length of the oscillator there are 3 presets available. Preset 1 is the fastest and is great for targeting entries. Preset 3 is the slowest and is perfect for highlighting trends and setting up big moves. Preset 2 is somewhere in the middle and works great for entries and trend. To get a full picture of price action it is recommended to use all three indicators on your chart. The indicator will automatically adjust lengths when using weekly and monthly charts. If using faster timeframes try adjust the length to 6 or 9.
To get best results use Preset 3 to identify the trend of price action. When Preset 3 is in teal look for long entries on Presets 1 and 2. Likewise, when in red look for shorts. The best entries come from the first pullbacks. Below is an example of entering with the trend.
Using slow charts like weekly and monthly makes it easy to see what is happening with the markets. Below is an example of how easy it is to stay ahead of the curve and identify booms.
First pullbacks are signalled with outlined triangles: ▵▿
These signals are only available on preset 2 and 3. First pullbacks are picked up after price action breaks its median or dynamic median also known as OSC3 (OSC3 is hidden and works in the background), The strongest long pullbacks are when the oscillator is above the median and in the teal. Likewise the strongest short entries are when the oscillator is below the median and in the red. First pullback signals often signal the start of a new trend. Below is an example on a daily chart.
Breaks in support and resistance are signalled with white arrows: ˰˅
Preset 3 highlights the biggest breakouts while preset 1 will show the breaks within the breaks. Preset 2 provides a nice blend between the both and works great for targeting breakouts. It is not recommended to enter on the break as price action will come back to test. The first pullback after the break is typically the best and safest entry for breakouts. Below is an example of the break signal using preset 2 on weekly chart.
Breakout entries are signalled with teal and red triangles. Breakout signals filter price action for safe confirmed pullback entries. The slower the timeframe the bigger the breakout. Presets 2 and 3 are best for finding these entries.
Booms are signalled with this explosive icon: 💥
Simply put booms are polarity flips within the ticker signal. They are fast and explosive moves that can be detected using several different methods. Some of these boom signals are picked up using pure chart mechanics while others use filtering and signal processing to pinpoint the exact moment before an explosion. To make big moves the charts have to set it up first. Below is an example on a daily chart.
Boom Hunter X comes with the following alerts:
Overbought - Reversal attempt
Oversold - Reversal attempt
Long First Pullback - Only available on Preset 2 and 3
Short First Pullback - Only available on Preset 2 and 3
Pivot Up - Oscillator crosses over trigger
Pivot Down - Oscillator crosses under trigger
Long Breakout - Entry point for breakout
Short Breakout - Entry point for breakout
Break Support - Price action breaks its support
Break Resistance - Price action breaks its resistance
Boom! - Alerts for all the booms
Crossing Over Median - Price action enters top half of channel
Crossing Under Median - Price action enters bottom half of channel
Ywaves S/RYwaves identifies areas of extreme volatility that are out of the ordinary and highlights them for the trader. These areas are de facto areas of great interest for the market and therefore areas to monitor and work on. Thanks to a smoothing formula, it eliminates false positives that are sometimes too frequent and inconsistent.
This script uniquness reside in the formula used to determine the supports and resistances, by using multiple volatility tools, it is able to eliminate false positives and only keep interesting S/R.
The blue and orange S/Rs (secondary S/Rs) are echoes of the green/red S/Rs (main S/Rs) that are close (to the current price) to the past. There are a maximum of 5 levels of secondary S/R on either side of the price. The intensity of the color and the strength of the line also gives information about the proximity and importance of the S/R. When the blue/orange dots are connected, it means that it is the same S/R from the past that continues to be at the same level.
It is possible to use Ywaves in several ways: by using the main S/R, secondary S/R or clusters formed by the different S/R. Of course, the trader is free to work on other ways of using them. Thanks to the different settings, the trader can quickly display the supports and resistances close (in terms of price) to the past. The objective is once again to simplify the trader's life on a daily basis.
ATR Trend Bands [Misu]█ This indicator shows an upper and lower band based on price action and ATR (Average True Range)
The average true range (ATR) is a market volatility indicator used in technical analysis.
█ Usages:
The purpose of this indicator is to identify changes in trends and price action.
It is mainly used to identify breaking points and trend reversals.
But it can also be used to show resistance or support levels.
█ Features:
> Buy & Sell Alerts
> Buy & Sell Labels
> Color Bars
> Show Bands
█ Parameters:
Length: Length is used to calculate ATR.
Atr Multiplier: A factor used to balance the impact of the ATR on the Trend Bands calculation.
Auto Linear Trend Target x16Experienced traders always tell us that “Never trade against the trend.” or “Trend is our friend.”. Yes sure, no one wants to trade against the trend. However, there are a lot of trends with different types and cycles, then which trend to follow, which trend they are mentioning? This tool (also known as ALTT x16, Laser Net x16) will support us in identifying different linear trends with different cycles. Nearest history-based targets are also added for our convenience of completeness.
Markets: All.
Timeframes: All. Recommendation: 30m and above.
Periods: Up to 16.
Usage: The higher period of a trend, the more strength it has. Enter when price breakouts a trend line and exit at the nearest trend line and target.
ORBox | by Octopu$📈 ORBox | by Octopu$
ORBox is a Box for the Opening Range Breakout
The Box is added automatically according to the User preferences through GUI
This Indicator includes a Dropdown selection for which Range for the Breakout you want to use
ORBox has built-in Alerts for when the Breakout happens according to your preferences
Works in any Timeframe with any Ticker
(Using SPY 5m just as an example:)
www.tradingview.com
SPY
Features:
• Opening Breakout Range (ORB)
• Dropdown menu selection to choose which TF to watch
• Built-in Alerts for Momentum Awareness
Options:
• Customization for Box Colors and Sizes
• Display ORB for Current Day or Previous
Notes:
v1.0
ORBox Indicator release
Changes and updates can come in the future for additional functionalities or per requests.
Did you like it? Shoot me a message! I'd appreciate if you dropped by to say thanks.
- Octopu$
🐙
Previous Day/Week High & Low + 50% w/ Alerts| by Octopu$
📈 Previous Day/Week High & Low + 50% w/ Alerts| by Octopu$
This Indicator includes Previous Day High and Low Levels and 50% (Half of High & Low)
As well as Previous Week High and Low Levels ((Half of High & Low))
And also Pre-Market Session High and Low.
All of them with Built-in alerts.
Can be used in any timeframe with any ticker.
(Using SPY 5m just as an example:)
www.tradingview.com
SPY
Features:
• D High: Green Top Line
• D Low: Red Bottom Line
• D 50%: White 50% Line
• Week High and Low: Blue Top and Bottom Lines
• Pre-Market and Afterhours Session: Gray Lines
• Labels for Identification
Options:
• Toggle on/off for Day High, Low and 50%
• Toggle on/off for DWeek High, Low and 50%
• Toggle on/off for PM and AH Sessions
• Show/Hide the Labels with names
• Show/Hide the Lines themselves
• Fully Customizable Style and Color
Alerts:
• Triggers for Day (above or below level)
• Triggers for Week (above or below level)
Notes:
v1.0
Release of the Indicator
Changes and updates can come in the future for additional functionalities or per requests.
Did you like it? Shoot me a message! I'd appreciate if you dropped by to say thanks.
- Octopu$
🐙
SBS AlgoHello traders, I am here again with a new and improved indicator.
This indicator is based on a pivot breakout algorithm which gives buy and sell signals according to the breakout of trendline. This is an advanced version of another script. It also takes price action into consideration along with some basic indicators like MACD and ADX to give good entry signals.
NOTE: This indicator is not designed to take entries completely based on signals it gives. Please use it along with your trading strategy to add more confluence to your trading system and maximize your profits.
I hope you guys will like this one too .Enjoy 👍
In case you find any bug, please do report in comment section .Thank you.
Pivot BreaksThere are built-in and published Pivot Point High Low indicators in Public Library. As far as I see none of them show the breaking candles or the trend.
with the closing price crossing over the previous / current pivot high A bearish breakOut can either indicate the progression of a lower high pattern or a trend reversal
with the closing price crossing under the previous / current pivot low A bullish breakOut can either indicate the progression of a higher low pattern or a trend reversal
This indicator can show the first breaking candle or all breaking candles . It Can also show The Breaking state (Trend) based on the last break.
Alert Mode is included, colour can be customised, Higher TimeFrame can be requested (it Can also cause repainting)
Inputs are optional as possible so have fun with it
Disclaimer: Scripts that I post publicly are experimental. They are not financial advices. Always backtest your ideas using your own methodologies.
Pivot Average [Misu]█ This Indicator is based on Pivot Points.
It aggregates closed Pivot Points to determine a " Pivot Average " line.
Pivot Points here refer to highs and lows.
█ Usages:
Pivot Average can be used as resistance or breakout area.
It is also very usefull to find battle zones.
It can also be used as a trend indicator: when the price is below, trend is down, when price is above, trend is up.
Mixed with momentum/volatility indicator it is very powerfull.
█ Parameters:
Deviation: Parameter used to calculate pivots.
Depth: Parameter used to calculate pivots.
Length: History Lenght used to determine Pivot Average.
Smoothing MA Lenght: MA lenght used to smooth Pivot Average.
Close Range %: Define price percentage change required to determine close pivots.
Color: Color of the Pivot Average.
HHV & LLV based TrendHHV and LLV gives good information about the trend.
A trend will be visible when its seen with fast and slow line cross
UP trend: HHV_fastline = HHV Slowline and LLVfastline crossover LLVSlowline
DOWN trend: HHV_fastline crossunder HHV Slowline and LLVfastline !=LLVSlowline
Attempted to plot the same with multiple options to choose fastline length, slowline length, Multi time frame.
Consolidation and Breakout (Inside Bars)Consolidation indicates moments of market indecision when there is no shift in price. It is neither positive nor negative. Usually, after a price burst or strong trend movement that market falls back into a phase when traders are cautious about possible overbought or oversold positions. During this period, market reconciles before another breakout or trend emerges. Once you have identified consolidation, the next step is to keep an eye on a possible breakout.
This indicator would be useful for Breakout traders.
A candle's high and low is marked and if consequent candle fails to close above or below the marked candle, it's considered as an inside bar.
This can help breakout traders in tackling fakeouts since the wick above or below the initial candle are neglected and only the candle close above or below the range are considered as breakout.
Pivot-Based Channels & Bands [Misu]█ This Indicator is based on Pivot detection to show bands and channels.
The pivot price is similar to a resistance or support level. If the pivot level is breached, the price should continue in that direction. Or the price could reverse at or near this level.
█ Usages:
Use channels as a support & resistance zone.
Use bands as a support & resistance zone. It is also very powerfull to use it as a breakout.
Use mid bands & mid channels as a trend direction or trade filter as a more usual moving average.
█ Parameters:
Show Pivot Bands: show bands.
Show Pivot Mid Band: show mid bands.
Show Pivot Channels: show channels.
Show Pivot Mid Channel: show mid channels.
Deviation: deviation used to calculate pivot points.
Depth: depth used to calculate pivot points.
Inside Bar SetupScript Details
- This script plots Inside Bar for given day in selected time-frame (applicable only for Timeframes < Day)
- Basis plotted inside bar, relevant targets are marked on the chart
- Targets can be customised from script settings. Example, if range of mother candle is 10 points, then T1 is 10 * x above/below mother candle and T2 is 10 * y above/below mother candle. This x & y are configured via script settings
How to use this script ?
- This script works well on 10-15 mins timeframe for stocks, 15/30 mins timeframe for nifty index and 30/60 mins time frame for bank nifty index
- If mother candle high is broken, take long trade with SL of mother candle low and if low is broken, take short trade with SL of mother candle high
Remember:
1. Above logic is to be combined with support/resistances i.e. price action. This script is an add-on to price action analysis giving you more conviction.
2. If range of mother candle is very high, it is recommended to avoid the trade.
3. Basis inside bar formed on higher time frame, take trade on basis of lower time frame i.e if inside bar is formed on 60 mins, take trade on the basis of 10-15 mins time frame
Example:
1. As seen in the chart, Nifty is near it's resistance and we are seeing Inside Bar being formed, In such scenario, even if High of Mother Candle is broken, we should be more interested to short as we are near resistance and probability of getting our targets in long side is less.
2. So, if I see breakdown of mother candle i.e. price going below low of mother candle, we will short with SL of high of mother candle.
3. As seen in the chart, both the targets are achieved.
Additional Info:
1. Targets on Long/Short Side can be configured via settings. For indices 1 times/1.5 times the range works well.
2. This script plots targets basis the first inside bar formed in the day for selected time frame.
3. Inside bars formed through out the day are coloured separately but lines are plotted only on the basis of 1st formed inside bar as this strategy works well for the first formed inside bar)
4. Don't forget to check volume in case of breakout/breakdown.
Note:
1. Mother Candle - First Candle of Inside Bar
2. Child Candle - Candle formed inside Mother Candle (Second Candle of Inside Bar)
Happy Trading :)
Operietur ⸗ Time Range BreakoutOur T.R.B ( Time Range Breakout ) indicator is very similar to the O.R.B ( Open Range Breakout ) indicator. This script plots the high/Low within a custom time-range which then extends that plot to end-of-day. A Fibonacci extension is then drawn from that range. The default settings of this indicator set the similarities to the ORB. This script only displays the last trading day.
Due to Tradingview's singular refresh rate for the larger timeframes("resolutions"); this indicator works on timeframes LESS than 60min. Additionally, the smaller the timeframe the more accurate the price range will be.
The movements within the specified period of time define the projected Fibonacci prices associated with the allotted time's price range.
• Custom Time Range
• Fibonacci Extensions
• Up to 5 PTs
• Customizable Multiplier
Additional script features allow for fully adjustable settings and configurations:
• Adjustable; PT Colors
• Adjustable; Range Color
• Adjustable; Toggles
