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Bitcoin Power Law [LuxAlgo]The Bitcoin Power Law tool is a representation of Bitcoin prices first proposed by Giovanni Santostasi, Ph.D. It plots BTCUSD daily closes on a log10-log10 scale, and fits a linear regression channel to the data. This channel helps traders visualise when the price is historically in a zone prone to tops or located within a discounted zone subject to future growth. 🔶 USAGE Giovanni Santostasi, Ph.D. originated the Bitcoin Power-Law Theory; this implementation places it directly on a TradingView chart. The white line shows the daily closing price, while the cyan line is the best-fit regression. A channel is constructed from the linear fit root mean squared error (RMSE), we can observe how price has repeatedly oscillated between each channel areas through every bull-bear cycle. Excursions into the upper channel area can be followed by price surges and finishing on a top, whereas price touching the lower channel area coincides with a cycle low. Users can change the channel areas multipliers, helping capture moves more precisely depending on the intended usage. This tool only works on the daily BTCUSD chart. Ticker and timeframe must match exactly for the calculations to remain valid. 🔹 Linear Scale Users can toggle on a linear scale for the time axis, in order to obtain a higher resolution of the price, (this will affect the linear regression channel fit, making it look poorer). 🔶 DETAILS One of the advantages of the Power Law Theory proposed by Giovanni Santostasi is its ability to explain multiple behaviors of Bitcoin. We describe some key points below. 🔹 Power-Law Overview A power law has the form y = A·xⁿ , and Bitcoin’s key variables follow this pattern across many orders of magnitude. Empirically, price rises roughly with t⁶, hash-rate with t¹² and the number of active addresses with t³. When we plot these on log-log axes they appear as straight lines, revealing a scale-invariant system whose behaviour repeats proportionally as it grows. 🔹 Feedback-Loop Dynamics Growth begins with new users, whose presence pushes the price higher via a Metcalfe-style square-law. A richer price pool funds more mining hardware; the Difficulty Adjustment immediately raises the hash-rate requirement, keeping profit margins razor-thin. A higher hash rate secures the network, which in turn attracts the next wave of users. Because risk and Difficulty act as braking forces, user adoption advances as a power of three in time rather than an unchecked S-curve. This circular causality repeats without end, producing the familiar boom-and-bust cadence around the long-term power-law channel. 🔹 Scale Invariance & Predictions Scale invariance means that enlarging the timeline in log-log space leaves the trajectory unchanged. The same geometric proportions that described the first dollar of value can therefore extend to a projected million-dollar bitcoin, provided no catastrophic break occurs. Institutional ETF inflows supply fresh capital but do not bend the underlying slope; only a persistent deviation from the line would falsify the current model. 🔹 Implications The theory assigns scarcity no direct role; iterative feedback and the Difficulty Adjustment are sufficient to govern Bitcoin’s expansion. Long-term valuation should focus on position within the power-law channel, while bubbles—sharp departures above trend that later revert—are expected punctuations of an otherwise steady climb. Beyond about 2040, disruptive technological shifts could alter the parameters, but for the next order of magnitude the present slope remains the simplest, most robust guide. Bitcoin behaves less like a traditional asset and more like a self-organising digital organism whose value, security, and adoption co-evolve according to immutable power-law rules. 🔶 SETTINGS 🔹 General Start Calculation: Determine the start date used by the calculation, with any prior prices being ignored. (default - 15 Jul 2010) Use Linear Scale for X-Axis: Convert the horizontal axis from log(time) to linear calendar time 🔹 Linear Regression Show Regression Line: Enable/disable the central power-law trend line Regression Line Color: Choose the colour of the regression line Mult 1: Toggle line & fill, set multiplier (default +1), pick line colour and area fill colour Mult 2: Toggle line & fill, set multiplier (default +0.5), pick line colour and area fill colour Mult 3: Toggle line & fill, set multiplier (default -0.5), pick line colour and area fill colour Mult 4: Toggle line & fill, set multiplier (default -1), pick line colour and area fill colour 🔹 Style Price Line Color: Select the colour of the BTC price plot Auto Color: Automatically choose the best contrast colour for the price line Price Line Width: Set the thickness of the price line (1 – 5 px) Show Halvings: Enable/disable dotted vertical lines at each Bitcoin halving Halvings Color: Choose the colour of the halving lines
Indicatore Pine Script®
di LuxAlgo
4
BTC Dominance Zones (For Altseason)Overview The "BTC Dominance Zones (For Altseason)" indicator is a visual tool designed to help traders navigate the different phases of the altcoin market cycle by tracking Bitcoin Dominance (BTC.D). It provides clear, color-coded zones directly on the BTC.D chart, offering an intuitive roadmap for the progression of alt season. Purpose & Problem Solved Many traders often miss altcoin rotations or get caught at market tops due to emotional decision-making or a lack of a clear framework. This indicator aims to solve that problem by providing an objective, historically informed guide based on Bitcoin Dominance, helping users to prepare before the market makes its decisive moves. It distils complex market dynamics into easily digestible sections. Key Features & Components Color-Coded Horizontal Zones: The indicator draws fixed horizontal bands on the BTC.D chart, each representing a distinct phase of the altcoin market cycle. Descriptive Labels: Each zone is clearly labeled with its strategic meaning (e.g., "Alts are dead," "Danger Zone") and the corresponding BTC.D percentage range, positioned to the right of the price action for clarity. Consistent Aesthetics: All text within the labels is rendered in white for optimal visibility across the colored zones. Symbol Restriction: The indicator includes an automatic check to ensure it only draws its visuals when applied specifically to the CRYPTOCAP:BTC.D chart. If applied to another chart, it displays a helpful message and remains invisible to prevent confusion. Methodology & Interpretation The indicator's methodology is based on the historical behavior of Bitcoin Dominance during various market cycles, particularly the 2021 bull run. Each zone provides a specific interpretation for altcoin strategy: Grey Zone (BTC.D 60-70%+): "Alts Are Dead" Interpretation: When Bitcoin Dominance is in this grey zone (typically above 60%), Bitcoin is king, and capital remains concentrated in BTC. This indicates that alt season is largely inactive or "dead". This phase is generally not conducive for aggressive altcoin trading. Blue Zone (BTC.D 55-60%): "Alt Season Loading" Interpretation: As BTC.D drops into this blue zone (below 60%), it signals that the market is "heating up" for altcoins. This is the time to start planning and executing your initial positions in high-conviction large-cap and strong narrative plays, as capital begins to look for more risk. Green Zone (BTC.D 50-55%): "Alt Season Underway" Interpretation: Entering this green zone (below 55%) signifies that "real momentum" is building, and alt season is genuinely "underway". Money is actively flowing from Ethereum into large and mid-cap altcoins. If you've positioned correctly, your portfolio should be showing strong gains in this phase. Orange Zone (BTC.D 45-50%): "Alt Season Ending" Interpretation: As BTC.D dips into this orange zone (below 50%), it suggests that altcoin dominance is reaching its peak, indicating the "ending" phase of alt season. While euphoria might be high, this is a critical warning zone to prepare for profit-taking, as it's a phase of "peak risk". Red Zone (BTC.D Below 45%): "Danger Zone - Alts Overheated" Interpretation: This red zone (below 45%) is the most critical "DANGER ZONE". It historically marks the point of maximum froth and risk, where altcoins are overheated. This is the decisive signal to aggressively take profits, de-risk, and exit positions to preserve your capital before a potential sharp correction. Historically, dominance has gone as low as 39-40% in this phase. How to Use Open TradingView and search for the BTC.D symbol to load the Bitcoin Dominance chart and view the indicator. Double click the indicator to access settings. Inputs/Settings The indicator's zone boundaries are set to historically relevant levels for consistency with the Alt Season Blueprint strategy. However, the colors of each zone are fully customizable through the indicator's settings, allowing users to personalize the visual appearance to their preference. You can access these color options in the indicator's "Settings" menu once it's added to your chart. Disclaimer This indicator is provided for informational and educational purposes only. It is not financial advice. Trading cryptocurrencies involves substantial risk of loss and is not suitable for every investor. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. About the Author This indicator was developed by Nick from Lab of Crypto. Release Notes v1.0 (June 2025): Initial release featuring color-coded horizontal BTC.D zones with descriptive labels, based on Alt Season Blueprint strategy. Includes symbol restriction for correct chart application and consistent white text.
Indicatore Pine Script®
di LabOfCrypto
4
[FS] Time & Cycles Time & Cycles A comprehensive trading session indicator that helps traders identify and track key market sessions and their price levels. This tool is particularly useful for forex and futures traders who need to monitor multiple trading sessions. Key Features: • Multiple Session Support: - London Session - New York Session - Sydney Session - Asia Session - Customizable TBD Session • Session Visualization: - Clear session boxes with customizable colors - Session labels with adjustable visibility - Support for sessions crossing midnight - Timezone-aware calculations • Price Level Tracking: - Daily High/Low levels - Weekly High/Low levels - Previous session High/Low levels - Customizable history depth for each level type • Customization Options: - Adjustable colors for each session - Customizable border styles - Label visibility controls - Timezone selection - History level depth settings • Technical Features: - High-performance calculation engine - Support for multiple timeframes - Efficient memory usage - Clean and intuitive visual display Perfect for: • Forex traders monitoring multiple sessions • Futures traders tracking market hours • Swing traders identifying key session levels • Day traders planning their trading hours • Market analysts studying session patterns The indicator helps traders: - Identify active trading sessions - Track session-specific price levels - Monitor market activity across different time zones - Plan trades based on session boundaries - Analyze price action within specific sessions Note: This indicator is designed to work across all timeframes and is optimized for performance with minimal impact on chart loading times.
Indicatore Pine Script®
di SF_Trade
[Mustang Algo] Channel Strategy# Mustang Algo Channel Strategy - Universal Market Sentiment Oscillator ## 🎯 ORIGINAL CONCEPT This strategy employs a unique market sentiment oscillator that works on ALL financial assets. It uses Bitcoin supply dynamics combined with stablecoin market capitalization as a macro sentiment indicator to generate universal timing signals across stocks, forex, commodities, indices, and cryptocurrencies. ## 🌐 UNIVERSAL APPLICATION - **Any Asset Class:** Stocks, Forex, Commodities, Indices, Crypto, Bonds - **Market-Wide Timing:** BTC/Stablecoin ratio serves as a global risk sentiment gauge - **Cross-Market Signals:** Trade any instrument using macro liquidity conditions - **Ecosystem Approach:** One oscillator for all financial markets ## 🧮 METHODOLOGY **Core Calculation:** BTC Supply / (Combined Stablecoin Market Cap / BTC Price) - **Data Sources:** DAI + USDT + USDC market capitalizations - **Signal Generation:** RSI(14) applied to the ratio, double-smoothed with WMA - **Timing Logic:** Crossover signals filtered by overbought/oversold zones - **Multi-Timeframe:** Configurable timeframe analysis (default: Daily) ## 📈 TRADING STRATEGY **LONG Entries:** Bullish crossover when market sentiment is oversold (<48) **SHORT Entries:** Bearish crossover when market sentiment is overbought (>55) **Universal Timing:** These macro signals apply to trading any financial instrument ## ⚙️ FLEXIBLE RISK MANAGEMENT **Three SL/TP Calculation Modes:** - **Percentage Mode:** Traditional % based (4% SL, 12% TP default) - **Ticks Mode:** Precise tick-based calculation (50/150 ticks default) - **Pips Mode:** Forex-style pip calculation (50/150 pips default) **Realistic Parameters:** - Commission: 0.1% (adjustable for different asset classes) - Slippage: 2 ticks - Position sizing: 10% of equity (conservative) - No pyramiding (single position management) ## 📊 KEY ADVANTAGES ✅ **Universal Application:** One strategy for all asset classes ✅ **Macro Foundation:** Based on global liquidity and risk sentiment ✅ **False Signal Filtering:** Overbought/oversold zones reduce noise ✅ **Flexible Risk Management:** Multiple SL/TP calculation methods ✅ **No Lookahead Bias:** Clean backtesting with realistic results ✅ **Cross-Market Correlation:** Captures broad market risk cycles ## 🎛️ CONFIGURATION GUIDE 1. **Asset Selection:** Apply to stocks, forex, commodities, indices, crypto 2. **Timeframe Setup:** Daily recommended for swing trading 3. **Sentiment Bounds:** Adjust 48/55 levels based on market volatility 4. **Risk Management:** Choose appropriate SL/TP mode for your asset class 5. **Direction Filter:** Select Long Only, Short Only, or Both ## 📋 BACKTESTING STANDARDS **Compliant with TradingView Guidelines:** - ✅ Realistic commission structure (0.1% default) - ✅ Appropriate slippage modeling (2 ticks) - ✅ Conservative position sizing (10% equity) - ✅ Sustainable risk ratios (1:3 SL/TP) - ✅ No lookahead bias (proper historical simulation) - ✅ Sufficient sample size potential (100+ trades possible) ## 🔬 ORIGINAL RESEARCH This strategy introduces a revolutionary approach to financial markets by treating the BTC/Stablecoin ratio as a global risk sentiment gauge. Unlike traditional indicators that analyze individual asset price action, this oscillator captures macro liquidity flows that affect ALL financial markets - from stocks to forex to commodities. ## 🎯 MARKET APPLICATIONS **Stocks & Indices:** Risk-on/risk-off sentiment timing **Forex:** Global liquidity flow analysis for major pairs **Commodities:** Risk appetite for inflation hedges **Bonds:** Flight-to-safety vs. risk-seeking behavior **Crypto:** Native application with direct correlation ## ⚠️ RISK DISCLOSURE - Designed for intermediate to long-term trading across all timeframes - Market sentiment can remain extreme longer than expected - Always use appropriate position sizing for your specific asset class - Adjust commission and slippage settings for different markets - Past performance does not guarantee future results ## 🚀 INNOVATION SUMMARY **What makes this strategy unique:** - First to use BTC/Stablecoin ratio as universal market sentiment indicator - Applies macro-economic principles to technical analysis across all assets - Single oscillator provides timing signals for entire financial ecosystem - Bridges traditional finance with digital asset insights - Combines fundamental liquidity analysis with technical precision
Strategia Pine Script®
di MustangAlgo
SEJKING - TimingSEJKING - Timing Indicator: Professional Session-Based Trading Tool The SEJKING - Timing indicator is a sophisticated trading tool designed for intraday traders who focus on key market sessions. It provides visual cues for Asian, London, and New York trading sessions, highlights important price levels, and delivers volatility metrics - all in one comprehensive package. Key Features: Session Visualization: Color-coded boxes for Asian (purple), London (gray), and New York (gray) sessions Automatic Daylight Saving Time adjustments (2022-2025) Customizable colors and visibility for each session Volatility Measurement: Real-time pip count calculations for each session Visual labels showing range volatility (A=Asian, L=London, N=New York) Critical Price Levels: Daily Levels: Previous day's high/low as black dashed lines (HOPD/LOPD) Lines extend until 5 AM EST the following day "HOPD" (High of Previous Day) and "LOPD" (Low of Previous Day) labels Weekly Levels: Previous week's high/low as orange dashed lines Lines extend until following Wednesday at 5 AM EST "WH" (Weekly High) and "WL" (Weekly Low) labels at line ends Smart Timeframe Handling: Auto-hides elements on higher timeframes (15-30 minute setting) Special handling for Asian session on higher timeframes Key Reference Lines: Yesterday's high, low, and close Weekly high and low levels Option to display only on most recent bar Benefits for Traders: Session Awareness: Visually track active market sessions to align with peak volatility periods Key Level Identification: Quickly spot crucial support/resistance from daily and weekly levels Volatility Gauge: Measure session range strength through pip counts Time-Based Analysis: Extended lines help identify which levels remain relevant throughout the trading day DST-Proof: Automatically adjusts for global daylight saving time changes Ideal For: Forex traders focusing on London/NY sessions Asian session specialists Price action traders using previous day/week levels Volatility-based strategies Intraday traders needing session awareness Input Options: Toggle visibility for each trading session Customize Asian session colors Set maximum timeframe for box visibility (15-30 mins) Choose to display key levels only on recent bars How It Works: The indicator automatically calculates session timings based on UTC-7 (US Mountain Time), with intelligent DST adjustments. At the start of each Asian session, it plots new daily and weekly levels, extending them to their respective expiration times (5 AM EST next day for daily, next Wednesday for weekly). Session boxes show the price range during each market open, with pip counts displayed at session close. Trading Applications: Use HOPD/LOPD as breakout or reversal levels Trade bounces off weekly levels (WH/WL) Identify low-volatility sessions for range trading Spot high-volatility sessions for breakout strategies Combine session boxes with key levels for confluence Note: Optimized for Forex but works on all instruments. Asian session hours automatically adjust for non-Forex assets.
Indicatore Pine Script®
di SultanElJabali
MC Geopolitical Tension Events📌 Script Title: Geopolitical Tension Events 📖 Description: This script highlights key geopolitical and military tension events from 1914 to 2024 that have historically impacted global markets. It automatically plots vertical dashed lines and labels on the chart at the time of each major event. This allows traders and analysts to visually assess how markets have responded to global crises, wars, and significant political instability over time. 🧠 Use Cases: Historical backtesting: Understand how market responded to past geopolitical shocks. Contextual analysis: Add macro context to technical setups. 🗓️ List of Geopolitical Tension Events in the Script Date Event Title Description 1914-07-28 WWI Begins Outbreak of World War I following the assassination of Archduke Franz Ferdinand. 1929-10-24 Wall Street Crash Black Thursday, the start of the 1929 stock market crash. 1939-09-01 WWII Begins Germany invades Poland, starting World War II. 1941-12-07 Pearl Harbor Japanese attack on Pearl Harbor; U.S. enters WWII. 1945-08-06 Hiroshima Bombing First atomic bomb dropped on Hiroshima by the U.S. 1950-06-25 Korean War Begins North Korea invades South Korea. 1962-10-16 Cuban Missile Crisis 13-day standoff between the U.S. and USSR over missiles in Cuba. 1973-10-06 Yom Kippur War Egypt and Syria launch surprise attack on Israel. 1979-11-04 Iran Hostage Crisis U.S. Embassy in Tehran seized; 52 hostages taken. 1990-08-02 Gulf War Begins Iraq invades Kuwait, triggering U.S. intervention. 2001-09-11 9/11 Attacks Coordinated terrorist attacks on the U.S. 2003-03-20 Iraq War Begins U.S.-led invasion of Iraq to remove Saddam Hussein. 2008-09-15 Lehman Collapse Bankruptcy of Lehman Brothers; peak of global financial crisis. 2014-03-01 Crimea Crisis Russia annexes Crimea from Ukraine. 2020-01-03 Soleimani Strike U.S. drone strike kills Iranian General Qasem Soleimani. 2022-02-24 Ukraine Invasion Russia launches full-scale invasion of Ukraine. 2023-10-07 Hamas-Israel War Hamas launches attack on Israel, sparking war in Gaza. 2024-01-12 Red Sea Crisis Houthis attack ships in Red Sea, prompting Western naval response.
Indicatore Pine Script®
di marketcardiogram
Timeframe Resistance Evaluation And Detection - CoffeeKillerTREAD - Timeframe Resistance Evaluation And Detection Guide 🔔 Important Technical Limitation 🔔 **This indicator does NOT fetch true higher timeframe data.** Instead, it simulates higher timeframe levels by aggregating data from your current chart timeframe. This means: - Results will vary depending on what chart timeframe you're viewing - Levels may not match actual higher timeframe candle highs/lows - You might miss important wicks or gaps that occurred between chart timeframe bars - **Always verify levels against actual higher timeframe charts before trading** Welcome traders! This guide will walk you through the TREAD (Timeframe Resistance Evaluation And Detection) indicator, a multi-timeframe analysis tool developed by CoffeeKiller that identifies support and resistance confluence across different time periods.(I am 50+ year old trader and always thought I was bad a teaching and explaining so you get a AI guide. I personally use this on the 5 minute chart with the default settings, but to each there own and if you can improve the trend detection methods please DM me. I would like to see the code. Thanks) Core Components 1. Dual Timeframe Level Tracking - Short Timeframe Levels: Tracks opening price extremes within shorter periods - Long Timeframe Levels: Tracks actual high/low extremes within longer periods - Dynamic Reset Mechanism: Levels reset at the start of each new timeframe period - Momentum Detection: Identifies when levels change mid-period, indicating active price movement 2. Visual Zone System - High Zones: Areas between long timeframe highs and short timeframe highs - Low Zones: Areas between long timeframe lows and short timeframe lows - Fill Coloring: Dynamic colors based on whether levels are static or actively changing - Momentum Highlighting: Special colors when levels break during active periods 3. Customizable Display Options - Multiple Plot Styles: Line, circles, or cross markers - Flexible Timeframe Selection: Wide range of short and long timeframe combinations - Color Customization: Separate colors for each level type and momentum state - Toggle Controls: Show/hide different elements based on trading preference Main Features Timeframe Settings - Short Timeframe Options: 15m, 30m, 1h, 2h, 4h - Long Timeframe Options: 1h, 2h, 4h, 8h, 12h, 1D, 1W - Recommended Combinations: - Scalping: 15m/1h or 30m/2h - Day Trading: 30m/4h or 1h/4h - Swing Trading: 4h/1D or 1D/1W Display Configuration - Level Visibility: Toggle short/long timeframe levels independently - Fill Zone Control: Enable/disable colored zones between levels - Momentum Fills: Special highlighting for actively changing levels - Line Customization: Width, style, and color options for all elements Color System - Short TF High: Default red for resistance levels - Short TF Low: Default green for support levels - Long TF High: Transparent red for broader resistance context - Long TF Low: Transparent green for broader support context - Momentum Colors: Brighter colors when levels are actively changing Technical Implementation Details How Level Tracking Works The indicator uses a custom tracking function that: 1. Detects Timeframe Periods: Uses `time()` function to identify when new periods begin 2. Tracks Extremes: Monitors highest/lowest values within each period 3. Resets on New Periods: Clears tracking when timeframe periods change 4. Updates Mid-Period: Continues tracking if new extremes are reached The Timeframe Limitation Explained `pinescript // What the indicator does: short_tf_start = ta.change(time(short_timeframe)) != 0 // Detects 30m period start = track_highest(open, short_tf_start) // BUT uses chart TF opens! // What true multi-timeframe would be: // short_tf_high = request.security(syminfo.tickerid, short_timeframe, high) ` This means: - On a 5m chart with 30m/4h settings: Tracks 5m bar opens during 30m and 4h windows - On a 1m chart with same settings: Tracks 1m bar opens during 30m and 4h windows - Results will be different between chart timeframes - May miss important price action that occurred between your chart's bars Visual Elements 1. Level Lines - Short TF High: Upper resistance line from shorter timeframe analysis - Short TF Low: Lower support line from shorter timeframe analysis - Long TF High: Broader resistance context from longer timeframe - Long TF Low: Broader support context from longer timeframe 2. Zone Fills - High Zone: Area between long TF high and short TF high (potential resistance cluster) - Low Zone: Area between long TF low and short TF low (potential support cluster) - Regular Fill: Standard transparency when levels are static - Momentum Fill: Enhanced visibility when levels are actively changing 3. Dynamic Coloring - Static Periods: Normal colors when levels haven't changed recently - Active Periods: Momentum colors when levels are being tested/broken - Confluence Zones: Different intensities based on timeframe alignment Trading Applications 1. Support/Resistance Trading - Entry Points: Trade bounces from zone boundaries - Confluence Areas: Focus on areas where short and long TF levels cluster - Zone Breaks: Enter on confirmed breaks through entire zones - Multiple Timeframe Confirmation: Stronger signals when both timeframes align 2. Range Trading - Zone Boundaries: Use fill zones as range extremes - Mean Reversion: Trade back toward opposite zone when price reaches extremes - Breakout Preparation: Watch for momentum color changes indicating potential breakouts - Risk Management: Place stops outside the opposite zone 3. Trend Following - Direction Bias: Trade in direction of zone breaks - Pullback Entries: Enter on pullbacks to broken zones (now support/resistance) - Momentum Confirmation: Use momentum coloring to confirm trend strength - Multiple Timeframe Alignment: Strongest trends when both timeframes agree 4. Scalping Applications - Quick Bounces: Trade rapid moves between zone boundaries - Momentum Signals: Enter when momentum colors appear - Short-Term Targets: Use opposite zone as profit target - Tight Stops: Place stops just outside current zone Optimization Guide 1. Timeframe Selection For Different Trading Styles: - Scalping: 15m/1h - Quick levels, frequent updates - Day Trading: 30m/4h - Balanced view, good for intraday moves - Swing Trading: 4h/1D - Longer-term perspective, fewer false signals - Position Trading: 1D/1W - Major structural levels 2. Chart Timeframe Considerations **Important**: Your chart timeframe affects results - Lower Chart TF: More granular level tracking, but may be noisy - Higher Chart TF: Smoother levels, but may miss important price action - Recommended: Use chart timeframe 2-4x smaller than short indicator timeframe 3. Display Settings - Busy Charts: Disable fills, show only key levels - Clean Analysis: Enable all fills and momentum coloring - Multi-Monitor Setup: Use different color schemes for easy identification - Mobile Trading: Increase line width for visibility Best Practices 1. Level Verification - Always Cross-Check: Verify levels against actual higher timeframe charts - Multiple Timeframes: Check 2-3 different chart timeframes for consistency - Price Action Confirmation: Wait for candlestick confirmation at levels - Volume Analysis: Combine with volume for stronger confirmation 2. Risk Management - Stop Placement: Use zones rather than exact prices for stops - Position Sizing: Reduce size when zones are narrow (higher risk) - Multiple Targets: Scale out at different zone boundaries - False Break Protection: Allow for minor zone penetrations 3. Signal Quality Assessment - Momentum Colors: Higher probability when momentum coloring appears - Zone Width: Wider zones often provide stronger support/resistance - Historical Testing: Backtest on your preferred timeframe combinations - Market Conditions: Adjust sensitivity based on volatility Advanced Features 1. Momentum Detection System The indicator tracks when levels change mid-period: `pinescript short_high_changed = short_high != short_high and not short_tf_start ` This identifies: - Active level testing - Potential breakout situations - Increased market volatility - Trend acceleration points 2. Dynamic Color System Complex conditional logic determines fill colors: - Static Zones: Regular transparency for stable levels - Active Zones: Enhanced colors for changing levels - Mixed States: Different combinations based on user preferences - Custom Overrides: User can prioritize certain color schemes 3. Zone Interaction Analysis - Convergence: When short and long TF levels approach each other - Divergence: When timeframes show conflicting levels - Alignment: When both timeframes agree on direction - Transition: When one timeframe changes while other remains static Common Issues and Solutions 1. Inconsistent Levels Problem: Levels look different on various chart timeframes Solution: Always verify against actual higher timeframe charts 2. Missing Price Action Problem: Important wicks or gaps not reflected in levels Solution: Use chart timeframe closer to indicator's short timeframe setting 3. Too Many Signals Problem: Excessive level changes and momentum alerts Solution: Increase timeframe settings or reduce chart timeframe granularity 4. Lagging Signals Problem: Levels seem to update too slowly Solution: Decrease chart timeframe or use more sensitive timeframe combinations Recommended Setups Conservative Approach - Timeframes: 4h/1D - Chart: 1h - Display: Show fills only, no momentum coloring - Use: Swing trading, position management Aggressive Approach - Timeframes: 15m/1h - Chart: 5m - Display: All features enabled, momentum highlighting - Use: Scalping, quick reversal trades Balanced Approach - Timeframes: 30m/4h - Chart: 15m - Display: Selective fills, momentum on key levels - Use: Day trading, multi-session analysis Final Notes **Remember**: This indicator provides a synthetic view of multi-timeframe levels, not true higher timeframe data. While useful for identifying potential confluence areas, always verify important levels by checking actual higher timeframe charts. **Best Results When**: - Combined with actual multi-timeframe analysis - Used for confluence confirmation rather than primary signals - Applied with proper risk management - Verified against price action and volume **DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. The timeframe limitation means results may not reflect true higher timeframe levels. Always conduct your own analysis and verify levels independently before making trading decisions. Trading involves significant risk of loss.
Indicatore Pine Script®
di CoffeeKiller
Candle Range Detector by TradeTech AnalysisCandle Range Detector by TradeTech Analysis This advanced indicator identifies and visualizes price compression zones based on inside bar formations, then tracks how price behaves around those zones — offering valuable insights into liquidity sweeps, range expansions, and trap/mitigation behavior. The script builds upon the foundational concept of range-based price action, commonly used by institutional traders, and adds automation, mitigation tracking, and sweep detection to map how price reacts around these critical ranges. 🔍 How It Works: • Range Formation: A new range is detected when the current candle forms entirely within the high and low of the previous candle (i.e., an inside bar). This behavior often indicates price compression and potential breakout zones. • Range Extension: Once a range is confirmed, the script projects upper and lower boundaries (using either a percentage-based multiplier or Fibonacci log extension), providing context for expected breakout zones. • Mitigation Tracking: The script continuously monitors whether price breaks above or below the projected extensions, marking that range as mitigated — useful for confirming whether liquidity was absorbed. • Sweep Detection: If price re-visits a mitigated zone and shows signs of a liquidity sweep (via wick + close behavior), the indicator triggers visual sweep labels and optional alerts. 🧠 Optional Visual Enhancements: • Highlight range-forming candles with light blue background (toggle on/off) • Midpoint dotted line for symmetry analysis • Labels for “Range High” and “Range Low” for visual clarity • Dynamic box drawing that adapts upon mitigation or continuation ⚙️ Customizable Features: • Choose between Normal and Fibonacci-based detection modes • Toggle visibility of range boxes, extension lines, and sweep markers • Configure sweep alerts, mitigation window size, and visual transparency ⸻ 🧪 Use Cases • Identify consolidation zones before major price moves • Confirm liquidity sweeps for entry/exit traps • Visualize and test mitigation behavior of past zones • Combine with Order Flow or Volume Profile tools to enhance context ⸻ ⚠️ This is a fully original implementation that goes beyond classical inside-bar scanners by incorporating mitigation, extension projection, and liquidity sweeps — making it a powerful tool for intraday, swing, and even Smart Money-based trading setups.
Indicatore Pine Script®
di TradeTechanalysis
Liquidity Sweep Trap Alert (Improved)Detects high-conviction “liquidity sweep” traps (false breakouts) by comparing price against recent swing highs/lows, applying a wick-size filter and a cooldown period so that only meaningful reversal wicks trigger signals. Shows labels on the chart and provides alert conditions when a trap occurs. How It Works (Core Concept) Swing High / Low Sweep The script looks back a user-defined number of bars (Lookback Period) to identify the most recent swing high and swing low (excluding the current forming bar). A Bull Trap is identified when price’s high exceeds that swing high intrabar but the candle closes back below it. A Bear Trap is identified when price’s low dips below that swing low intrabar but the candle closes back above it. Wick-Size Filter To avoid tiny “micro-sweeps,” the script measures the length of the reversal wick (the distance beyond the swing high or below the swing low) as a percentage of the bar’s total range. Only if this wick percentage ≥ Min Wick/Range % does the raw trap condition qualify for further consideration. Cooldown Mechanism After a trap fires, the same type of trap (bull or bear) is suppressed for a specified number of bars (Cooldown Bars). This prevents back-to-back signals in choppy conditions and ensures each trap has breathing room before the next. Confirmed on Close Signals only trigger once the bar has closed (barstate.isconfirmed), eliminating “ghost” signals that flash intrabar and then vanish. Chart Labels & Alerts When a trap is confirmed, a label (“Trap ↑” for bull, “Trap ↓” for bear) is plotted above/below the bar (toggleable via Show Trap Labels). Built-in alertcondition calls allow users to create native TradingView alerts tied to these confirmed traps. Inputs & Usage Lookback Period (bars) Defines how many bars back to compute the recent swing high/low. Shorter values catch more frequent, smaller swings; longer values focus on larger pivots. Show Trap Labels Toggle on/off the on-chart label markers. Cooldown Bars Number of bars to wait after a trap fires before allowing the same trap type again. Higher values reduce signal frequency; set lower if you want more frequent triggers. Min Wick/Range % Minimum required wick length (beyond the swing level) as a percentage of that bar’s high–low range. Increase to filter out weak or noise-driven sweeps; decrease if you want to capture smaller reversals. Recommended Settings & Markets Timeframes: Works on any timeframe (e.g., 5m, 15m, 1h, daily). Adjust inputs per instrument volatility. Crypto (e.g., BTC): Typical starting values might be Lookback = 10, Min Wick % = 0.10–0.20, Cooldown = 3–5 bars. Equities / Indices (e.g., Nifty, Bank Nifty): Use higher Min Wick % (e.g., 0.30–0.50) and adjust volume-based filters externally. Cooldown may be 3–5 bars on daily charts. Testing: Always backtest or visually review sample signals before live trading. Tune Lookback and Min Wick % to balance hit-rate vs. false positives. Originality & What Makes It Different Beyond Simple Breakout Alerts: Instead of alerting on any breakout, this indicator specifically looks for false breakouts (liquidity sweeps) where smart money may trap retail stops. Wick-Size Threshold: Many scripts flag any high above a swing high; here, the reversal wick must be a configurable percentage of the bar’s range, filtering out minor spikes. Cooldown Logic: Prevents repeated signals in tight ranges, unlike basic breakout or pivot indicators that may fire repeatedly. Confirmed on Close: Eliminates intrabar flicker signals, ensuring each alert is based on a completed bar. Lightweight & Self-Contained: No external dependencies; works standalone on the chart. Users can hook native TradingView alerts to these conditions. How to Use Add to Chart: Apply the published script; no need for additional overlays. Configure Inputs: Open settings and set: Lookback Period to match swing size you target. Min Wick/Range % to filter out small reversals. Cooldown Bars so signals aren’t clustered. Toggle Show Trap Labels on/off. Set Alerts: In TradingView Alerts, choose “Bull Trap Detected” or “Bear Trap Detected” as the condition. Interpret Signals: Bull Trap: Price tried to break above a recent high but failed—potential short opportunity or exit long. Bear Trap: Price tried to break below a recent low but failed—potential long opportunity or exit short. Combine with Risk Management: Always apply your own stop-loss and take-profit rules; use the trap signal as one element of your trade decision. Chart Examples & Annotations Clean Example Chart: Display only this indicator on the chart using default inputs or example settings. Annotation Guidance: If you include manual drawings in screenshots, clearly explain: “Red label marks the bar where price spiked above the 10-bar swing high, closed below it with wick ≥ 10% of range, and no prior bull trap in last 5 bars → Bull Trap.” Avoid unrelated scripts or decorative drawings that aren’t described. Disclaimer Not Financial Advice: Signals indicate potential reversal setups but do not guarantee outcomes. Trade at your own risk. Use Proper Risk Management: Always define stop-loss, position size, and consider market context. Test Before Live: Review historical signals and backtest manually or via strategy tester if possible.
Indicatore Pine Script®
di Siddhantkesiddhant
1
Luma DCA Simulator (BTC only)Luma DCA Simulator – Guide What is the Luma DCA Simulator? The Luma DCA Tracker shows how regular Bitcoin investments (Dollar Cost Averaging) would have developed over a freely selectable period – directly in the chart, transparent and easy to follow. Settings Overview 1. Investment amount per interval Specifies how much capital is invested at each purchase (e.g. 100). 2. Start date Defines the point in time from which the simulation begins – e.g. 01.01.2020. 3. Investment interval Determines how frequently investments are made: – Daily – Weekly – Every 14 days – Monthly 4. Language Switches the info box display between English and German. 5. Show investment data (optional) If activated, the chart will display additional values such as total invested capital, BTC amount, current value, and profit/loss. What the Chart Displays Entry points: Each DCA purchase is marked as a point in the price chart. Average entry price: An orange line visualizes the evolving DCA average. Info box (bottom left) with a live summary of: – Total invested capital – Total BTC acquired – Average entry price – Current portfolio value – Profit/loss in absolute terms and percentage Note on Accuracy This simulation is for illustrative purposes only. Spreads, slippage, fees, and tax effects are not included. Actual results may vary. Technical Note For daily or weekly intervals, the chart timeframe should be set to 1 day or lower to ensure all purchases are accurately included. Larger timeframes (e.g. weekly or monthly charts) may result in missed investments. Currency Handling All calculations are based on the selected chart symbol (e.g. BTCUSD, BTCEUR, BTCUSDT). The displayed currency is automatically determined by the chart used.
Indicatore Pine Script®
di Luma-Signals
Yelober - Intraday ETF Dashboard# How to Read the Yelober Intraday ETF Dashboard The Intraday ETF Dashboard provides a powerful at-a-glance view of sector performance and trading opportunities. Here's how to interpret and use the information: ## Basic Dashboard Reading ### Color-Coding System - **Green values**: Positive performance or bullish signals - **Red values**: Negative performance or bearish signals - **Symbol colors**: Green = buy signal, Red = sell signal, Gray = neutral ### Example 1: Identifying Strong Sectors If you see XLF (Financials) with: - Day % showing +2.65% (green background) - Symbol in green color - RSI of 58 (not overbought) **Interpretation**: Financial sector is showing strength and momentum without being overextended. Consider long positions in top financial stocks like JPM or BAC. ### Example 2: Spotting Weakness If you see XLK (Technology) with: - Day % showing -1.20% (red background) - Week % showing -3.50% (red background) - Symbol in red color - RSI of 35 (approaching oversold) **Interpretation**: Technology sector is showing weakness across multiple timeframes. Consider avoiding tech stocks or taking short positions in names like MSFT or AAPL, but be cautious as the low RSI suggests a bounce may be coming. ## Advanced Interpretations ### Example 3: Sector Rotation Detection If you observe: - XLE (Energy) showing +2.10% while XLK (Technology) showing -1.50% - Both sectors' Week % values showing the opposite trend **Interpretation**: This suggests money is rotating out of technology into energy stocks. This rotation pattern is actionable - consider reducing tech exposure and increasing energy positions (look at XOM, CVX in the Top Stocks column). ### Example 4: RSI Divergences If you see XLU (Utilities) with: - Day % showing +0.50% (small positive) - RSI showing 72 (overbought, red background) **Interpretation**: Despite positive performance, the high RSI suggests the sector is overextended. This divergence between price and indicator suggests caution - the rally in utilities may be running out of steam. ### Example 5: Relative Strength in Weak Markets If SPY shows -1.20% but XLP (Consumer Staples) shows +0.30%: **Interpretation**: Consumer staples are showing defensive strength during market weakness. This is typical risk-off behavior. Consider defensive positions in stocks like PG, KO, or PEP for protection. ## Practical Application Scenarios ### Day Trading Setup 1. **Morning Market Assessment**: - Check which sectors are green pre-market - Focus on sectors with Day % > 1% and RSI between 40-70 - Identify 2-3 stocks from the Top Stocks column of the strongest sector 2. **Midday Reversal Hunting**: - Look for sectors with symbol color changing from red to green - Confirm with RSI moving away from extremes - Trade stocks from that sector showing similar pattern changes ### Swing Trading Application 1. **Trend Following**: - Identify sectors with positive Day % and Week % - Look for RSI values in uptrend but not overbought (45-65) - Enter positions in top stocks from these sectors, using daily charts for confirmation 2. **Contrarian Setups**: - Find sectors with deeply negative Day % but RSI < 30 - Look for divergence (price making new lows but RSI rising) - Consider counter-trend positions in the stronger stocks within these oversold sectors ## Reading Special Conditions ### Example 6: Risk-Off Environment If you observe: - XLP (Consumer Staples) and XLU (Utilities) both green - XLK (Technology) and XLY (Consumer Disc) both red - SPY slightly negative **Interpretation**: Classic risk-off rotation. Investors are moving to safety. Consider defensive positioning and reducing exposure to growth sectors. ### Example 7: Market Breadth Analysis Count the number of sectors in green vs. red: - If 7+ sectors are green: Strong bullish breadth, consider aggressive long positioning - If 7+ sectors are red: Weak market breadth, consider defensive positioning or shorts - If evenly split: Market is indecisive, focus on specific sector strength instead of broad market exposure Remember that this dashboard is most effective when combined with broader market analysis and appropriate risk management strategies.
Indicatore Pine Script®
di yelober
Mariam Smart FlipPurpose This tool identifies high-probability intraday reversals by detecting when price flips through the daily open after strong early-session commitment. How It Works A valid flip occurs when: The previous daily candle is bullish or bearish The first hour today continues in the same direction Then, the price flips back through the daily open with a minimum break threshold (user-defined) This setup is designed to catch liquidity grabs or fakeouts near the daily open, where early buyers or sellers get trapped after showing commitment Signal Logic Buy Flip Previous day bearish → first hour bearish → price flips above open Sell Flip Previous day bullish → first hour bullish → price flips below open Features Configurable flip threshold in percentage Signals only activate after the first hour ends Daily open line displayed on chart Simple triangle markers with no visual clutter Alerts ready to use for automation or notifications Usage Tips Use "Once Per Bar" alert mode to get notified immediately when the flip happens Works best in active markets like FX, indices, or crypto Adjust threshold based on asset volatility Suggested stop loss: use the previous daily high for sell flips or the previous daily low for buy flips Suggested take profit: secure at least 30 pips to aim for a 1:3 risk-to-reward ratio on average
Indicatore Pine Script®
di CLARIX_WEALTH
PRO Investing - LevelPRO Investing - Level 📊 Dynamic Support/Resistance This indicator plots the PRO Investing Level, defined as the midpoint between the highest high and lowest low over the past 252 trading days (default lookback period, equivalent to ~1 year). It acts as a key mean-reversion reference level, useful for identifying potential support/resistance zones or market equilibrium levels. Features: 🕰️ Option to display only today’s level or historical levels. ⚙️ Customizable lookback period for flexibility across timeframes and strategies. 📉 Teal line plotted directly on the chart, highlighting this institutional-grade level. Ideal for traders looking to anchor price action to significant historical ranges—particularly useful in mean-reversion, breakout, or volatility compression strategies.
Indicatore Pine Script®
di PRO-Investing
Luma DCA Tracker (BTC)Luma DCA Tracker (BTC) – User Guide Function This indicator simulates a regular Bitcoin investment strategy (Dollar Cost Averaging). It calculates and visualizes: Accumulated BTC amount Average entry price Total amount invested Current portfolio value Profit/loss in absolute and percentage terms Settings Investment per interval Fixed amount to be invested at each interval (e.g., 100 USD) Start date The date when DCA simulation begins Investment interval Choose between: daily, weekly, every 14 days, or monthly Show investment data Displays additional chart lines (total invested, value, profit, etc.) Chart Elements Orange line: Average DCA entry price Grey dots: Entry points based on selected interval Info box (bottom left): Live summary of all key values Notes Purchases are simulated at the closing price of each interval No fees, slippage, or taxes are included The indicator is a simulation only and not linked to an actual portfolio
Indicatore Pine Script®
di Luma-Signals
Copper to Gold Ratioratio = copper / gold: Calculates the ratio by dividing copper price by gold price. plot(ratio): Plots the ratio as a blue line. ma = ta.sma(ratio, 20): Adds a 20-period simple moving average (optional) to smooth the ratio, plotted as a red line. A rising Copper/Gold ratio often signals economic expansion (strong copper demand relative to gold), while a falling ratio may indicate economic uncertainty or recession fears, as gold outperforms copper. The ratio is also used as a leading indicator for 10-year U.S. Treasury yields, with a rising ratio often correlating with higher yields.
Indicatore Pine Script®
di bfrahm73
Adaptive Quadratic Kernel EnvelopeThis study draws a fair-value curve from a quadratic-weighted (Nadaraya-Watson) regression. Alpha sets how sharply weights decay inside the look-back window, so you trade lag against smoothness with one slider. Band half-width is ATRslow times a bounded fast/slow ATR ratio, giving an instant response to regime shifts without overshooting on spikes. Work in log space when an instrument grows exponentially, equal percentage moves then map to equal vertical steps. NearBase and FarBase define a progression of adaptive thresholds, useful for sizing exits or calibrating mean-reversion logic. Non-repaint mode keeps one-bar delay for clean back-tests, predictive mode shows the zero-lag curve for live decisions. Key points - Quadratic weights cut phase error versus Gaussian or SMA-based envelopes. - Dual-ATR scaling updates width on the next bar, no residual lag. - Log option preserves envelope symmetry across multi-decade data. - Alpha provides direct control of curvature versus noise. - Built-in alerts trigger on the first adaptive threshold, ready for automation. Typical uses Trend bias from the slope of the curve. Entry timing when price pierces an inner threshold and momentum stalls. Breakout confirmation when closes hold beyond outer thresholds while volatility expands. Stops and targets anchored to chosen thresholds, automatically matching current noise.
Indicatore Pine Script®
di Julien_Eche
2
Day of Week Highlighter# 📅 Day of Week Highlighter - Global Market Edition **Enhanced visual trading tool that highlights each day of the week with customizable colors across all major global financial market timezones.** ## 🌍 Global Market Coverage This indicator supports **27 major financial market timezones**, including: - **Asia-Pacific**: Tokyo, Sydney, Hong Kong, Singapore, Shanghai, Seoul, Mumbai, Dubai, Auckland (New Zealand) - **Europe**: London, Frankfurt, Zurich, Paris, Amsterdam, Moscow, Istanbul - **Americas**: New York, Chicago, Toronto, São Paulo, Buenos Aires - **Plus UTC and other key financial centers** ## ✨ Key Features ### 🎨 **Fully Customizable Colors** - Individual color picker for each day of the week - Transparent overlays that don't obstruct price action - Professional color scheme defaults ### 🌐 **Comprehensive Timezone Support** - 27 major global financial market timezones - Automatic daylight saving time adjustments - Perfect for multi-market analysis and global trading ### ⚙️ **Flexible Display Options** - Toggle individual days on/off - Optional day name labels with size control - Clean, professional appearance ### 📊 **Trading Applications** - **Market Session Analysis**: Identify trading patterns by day of week - **Multi-Market Coordination**: Track different markets in their local time - **Pattern Recognition**: Spot day-specific market behaviors - **Risk Management**: Avoid trading on historically volatile days ## 🔧 How to Use 1. **Add to Chart**: Apply the indicator to any timeframe 2. **Select Timezone**: Choose your preferred market timezone from the dropdown 3. **Customize Colors**: Set unique colors for each day in the settings panel 4. **Enable/Disable Days**: Toggle specific days on or off as needed 5. **Optional Labels**: Show day names with customizable label sizes ## 💡 Pro Tips - Use different color intensities to highlight your preferred trading days - Combine with other session indicators for comprehensive market timing - Perfect for swing traders who want to identify weekly patterns - Ideal for international traders managing multiple market sessions ## 🎯 Perfect For - Day traders tracking intraday patterns - Swing traders analyzing weekly cycles - International traders managing multiple markets - Anyone wanting better visual organization of their charts **Works on all timeframes and instruments. Set it once, trade with confidence!** --- *Compatible with Pine Script v6 | No repainting | Lightweight performance*
Indicatore Pine Script®
di Vandalistt
Market Sessions Indicator by NomadTradesCustomisable Market session indicator This indicator visually marks the high and low price levels for the Asia, London, and New York trading sessions directly on the chart, using distinct horizontal lines and color-coding for each session. Each session’s high and low are labelled for easy identification, allowing traders to quickly assess key support and resistance levels established during major global market hours. The indicator is designed for clear session demarcation, helping users identify price reactions at these significant levels and supporting multi-session analysis for intraday and swing trading strategies
Indicatore Pine Script®
di NomadTrades96
Weekend Background Highlighter (UTC+12)## Weekend Background Highlighter (UTC+12) ### Description This indicator automatically highlights weekend periods on your TradingView charts specifically for the UTC+12 timezone (New Zealand Standard Time). Perfect for traders who need to visualize market closures and weekend gaps in the New Zealand/Pacific time zone, regardless of their exchange's native timezone or chart settings. ### Key Features - **Fixed UTC+12 Timezone**: Hardcoded to always show weekends according to UTC+12, independent of exchange or chart timezone settings - **Customizable Appearance**: Adjust background color and opacity to match your chart theme - **Optional Weekend Labels**: Mark the beginning of each weekend period with customizable labels - **Debug Mode**: View real-time timezone calculations to verify correct weekend detection - **Lightweight**: Minimal performance impact with efficient calculations ### Use Cases - **Forex Traders**: Identify weekend gaps and Monday openings in NZD pairs - **Cryptocurrency Traders**: Visualize weekend trading patterns in the Pacific timezone - **Multi-Market Traders**: Maintain consistent weekend awareness across different exchanges - **Risk Management**: Clearly see when markets are closed for position management ### Settings - **Weekend Background Color**: Choose any color for the weekend highlight - **Opacity**: Control transparency (0-100%) to maintain chart visibility - **Show Weekend Labels**: Toggle labels marking weekend start - **Debug Info**: Display timezone calculations for verification ### How It Works The indicator calculates the current UTC time and adds 12 hours to determine the UTC+12 time. It then checks if the resulting day falls on Saturday or Sunday, highlighting these periods on your chart. This ensures weekends are always displayed according to New Zealand time, regardless of your broker's timezone or your local settings. ### Notes - Weekends begin at 00:00 Saturday UTC+12 (12:00 Friday UTC) - Weekends end at 00:00 Monday UTC+12 (12:00 Sunday UTC) - Works on all timeframes and markets - Compatible with Pine Script v6 ### Tags weekend, background, timezone, UTC+12, New Zealand, highlight, trading sessions, forex, crypto, time zones, market hours, pacific time
Indicatore Pine Script®
di Vandalistt
True Hour Open🧠 Why Count an Hour from 30th Minute to 30th Minute? ✅ Traditional Hour vs. Functional Hour Traditional Time Logic: We’re used to viewing time in clean hourly chunks: 12:00 to 1:00, 1:00 to 2:00, and so on. This structure is fine for general purposes like clocks, meetings, and schedules. Market Logic: Markets, however, don’t always respect these arbitrary human-made time divisions. Price action often develops momentum, structure, and transitions based on market participants' behavior, not on the clock. 🛠 What the Indicator Does Marks the start of each hour at the 30th minute past the hour (e.g., 1:30, 2:30, 3:30). Can highlight or segment candles that fall within a “30-to-30” hourly window. Optionally draws background shading, lines, or boxes to visually group candles from one 30-minute mark to the next. This helps you: Visually align your trading with more accurate price behavior windows. Anchor time blocks around actual market rhythm, not artificial time slots. Backtest and strategize based on how candles behave in these alternative hourly segments. 📈 Summary Trading is about timing. But great trading is about timing that makes sense. By redefining the hour from 30 to 30, you’re not changing time—you’re aligning with how price moves in time.
Indicatore Pine Script®
di veztiano