HTF TriangleHTF Triangle by ZeroHeroTrading aims at detecting ascending and descending triangles using higher time frame data, without repainting nor misalignment issues.
It addresses user requests for combining Ascending Triangle and Descending Triangle into one indicator.
Ascending triangles are defined by an horizontal upper trend line and a rising lower trend line. It is a chart pattern used in technical analysis to predict the continuation of an uptrend.
Descending triangles are defined by a falling upper trend line and an horizontal lower trend line. It is a chart pattern used in technical analysis to predict the continuation of a downtrend.
This indicator can be useful if you, like me, believe that higher time frames can offer a broader perspective and provide clearer signals, smoothing out market noise and showing longer-term trends.
You can change the indicator settings as you see fit to tighten or loosen the detection, and achieve the best results for your use case.
Features
It draws the detected ascending and descending triangles on the chart.
It supports alerting when a detection occurs.
It allows for selecting ascending and/or descending triangle detection.
It allows for setting the higher time frame to run the detection on.
It allows for setting the minimum number of consecutive valid higher time frame bars to fit the pattern criteria.
It allows for setting a high/low factor detection criteria to apply on higher time frame bars high/low as a proportion of the distance between the reference bar high/low and open/close.
It allows for turning on an adjustment of the triangle using highest/lowest values within valid higher time frame bars.
Settings
Ascending checkbox: Turns on/off ascending triangle detection. Default is on.
Descending checkbox: Turns on/off descending triangle detection. Default is on.
Higher Time Frame dropdown: Selects higher time frame to run the detection on. It must be higher than, and a multiple of, the chart's timeframe. Default is 5 minutes.
Valid Bars Minimum field: Sets minimum number of consecutive valid higher time frame bars to fit the pattern criteria. Default is 3. Minimum is 1.
High/Low Factor checkbox: Turns on/off high/low factor detection criteria. Default is on.
High/Low Factor field: Sets high/low factor to apply on higher time frame bars high/low as a proportion of the distance between the reference bar high/low and open/close. Default is 0. Minimum is 0. Maximum is 1.
Adjust Triangle checkbox: Turns on/off triangle adjustment using highest/lowest values within valid higher time frame bars. Default is on.
Detection Algorithm Notes
The detection algorithm recursively selects a higher time frame bar as reference. Then it looks at the consecutive higher time frame bars (as per the requested number of minimum valid bars) as follows:
Ascending Triangle
Low must be higher than previous bar.
Open/close max value must be lower than (or equal to) reference bar high.
When high/low factor criteria is turned on, high must be higher than (or equal to) reference bar open/close max value plus high/low factor proportion of the distance between reference bar high and open/close max value.
Descending Triangle
High must be lower than previous bar.
Open/close min value must be higher than (or equal to) reference bar low.
When high/low factor criteria is turned on, low must be lower than (or equal to) reference bar open/close min value minus high/low factor proportion of the distance between reference bar low and open/close min value.
Multitimeframe
SparkPlusSparkPlus Indicator
The SparkPlus indicator is an advanced tool designed for real-time options trading, leveraging a unique combination of candlestick patterns and custom trade management logic. Unlike standard candlestick pattern indicators, SparkPlus integrates multiple layers of functionality to provide traders with actionable insights and comprehensive trade management. Here are the key features that set SparkPlus apart:
1. Unique Candlestick Patterns:
- Bullish Spark Pattern: Detects specific bullish candlestick formations over three bars, ensuring higher reliability in identifying upward trends.
- Bearish Spark Pattern: Identifies bearish formations over three bars, providing precise signals for potential downward movements.
2. Integrated Trade Management:
- The indicator not only signals potential trades but also manages them by setting entry points, stop loss, and multiple target levels.
- Dynamic Stop Loss and Target Calculation: The stop loss and target levels are dynamically calculated based on the volatility (using ATR), ensuring they adapt to market conditions.
3. Real-time Alerts:
- Provides real-time alerts for trade setups, entry points, stop loss hits, and target achievements, keeping traders informed and ready to act.
4. Detailed Trade Dashboard:
- A comprehensive dashboard is integrated into the chart to track the number of trades triggered, wins, losses, and points gained or lost for both long and short trades.
- This dashboard updates in real-time, providing an at-a-glance overview of the trading performance.
5. Visual Trade Representation:
- The script draws lines for entry, stop loss, and target levels on the chart, offering a clear visual representation of each trade.
- This feature helps traders easily track and manage active trades directly from the chart.
6. Enhanced User Control:
- Users can toggle specific features such as stop loss/target display and Spark alerts, allowing for a customizable trading experience.
By combining these elements, SparkPlus offers a robust and versatile tool for traders, enhancing their ability to make informed decisions and manage trades effectively.
VWMA Multiple TimeframesVWMA Multiple Timeframes Indicator
This TradingView indicator plots the Volume Weighted Moving Average (VWMA) across multiple timeframes on your chart. The VWMA is a type of moving average that gives more weight to periods with higher volume, making it a valuable tool for traders who want to incorporate volume into their technical analysis.
Features:
Multi-timeframe Analysis: This indicator calculates and plots the VWMA on five different timeframes:
Weekly (W)
Daily (D)
4 Hours (240 minutes)
1 Hour (60 minutes)
15 Minutes
Visual Representation: Each timeframe's VWMA is plotted with a different color, making it easy to distinguish between them on the chart:
Weekly VWMA: Gray
Daily VWMA: Blue
4 Hours VWMA: Red
1 Hour VWMA: Green
15 Minutes VWMA: Purple
How to Use:
Trend Identification: Use the VWMA to identify the direction of the trend on different timeframes. For example, if the VWMA is trending upwards on multiple timeframes, it indicates a strong upward trend.
Support and Resistance: The VWMA can act as dynamic support or resistance levels. Price bouncing off a VWMA line might indicate a continuation of the trend.
Volume Confirmation: The VWMA considers volume, making it useful for confirming the strength of price movements. High volume moves that cause the VWMA to change direction can be more significant than low volume moves.
This indicator is ideal for traders who use multi-timeframe analysis and want to incorporate volume into their trend and support/resistance identification. Feel free to customize the periods and timeframes to suit your trading style.
Overlay-ChartOverlay-Chart Indicator
The Overlay-Chart Indicator is an advanced script designed for scalpers and day traders, providing comprehensive insights into daily, weekly, monthly, and previous period price levels. This indicator helps traders visualize critical price levels and make informed decisions based on historical and current data.
Key Features:
Drawing Future Lines with Labels:
The script uses the drawFutureLine function to plot future price levels with customizable labels. This helps traders anticipate and react to key price points.
Daily Levels:
Displays the open, low, high, close, and equilibrium (EQ) prices for the current day. This provides a quick reference for daily trading ranges and significant price points.
Weekly Levels:
Shows the open, low, high, close, and equilibrium prices for the current week, offering a broader view of market trends and key weekly price levels.
Monthly Levels:
Illustrates the open, low, high, close, and equilibrium prices for the current month, enabling traders to understand long-term trends and significant monthly price points.
Previous Day, Week, and Month Levels:
Historical data from previous periods (day, week, month) is displayed, allowing traders to compare past and present price levels to identify patterns and potential support/resistance levels.
Customizable Colors:
Traders can choose colors for daily, weekly, monthly, and previous day levels to enhance chart readability and personalization.
Flexible Display Options:
Users can select which price levels (Open, Low, High, Close, EQ) to display for each period (daily, weekly, monthly, previous day, week, month).
How It Works:
The script fetches historical and current price data using the request.security function. It then uses these data points to draw lines on the chart representing significant price levels. These lines are drawn into the future to help traders visualize where these levels will be in upcoming bars. Labels are added to these lines for easy identification.
How to Use:
Configure Inputs:
Enable or disable the display of daily, weekly, monthly, and previous period levels using the input options.
Customize colors for different levels to match your charting preferences.
Analyze Key Levels:
Observe the plotted lines and labels to understand critical price points for the current and past periods.
Use this information to identify potential entry and exit points, support and resistance levels, and overall market trends.
Future Planned Features:
The script includes several features that are currently commented out but planned for future updates:
Volume Weighted Average Price (VWAP):
Display VWAP for daily, weekly, and monthly periods to provide an average price based on volume.
Point of Control (POC):
Show the price level with the highest trading volume for daily, weekly, and monthly periods.
Value Area High (VAH) and Low (VAL):
Display the upper and lower boundaries of the value area where most trading activity occurs for daily, weekly, and monthly periods.
These enhancements will offer additional insights into volume distribution and market sentiment, further improving the utility of the Overlay-Chart Indicator for traders.
This script is specifically designed to cater to the needs of scalpers and day traders who require precise, visually intuitive data for their trading strategies. The planned features will further enhance its effectiveness, providing a comprehensive tool for market analysis.
Perfect Order Alert USDJPY/BTCUSD/XAUUSDPerfect Order Alert USDJPY/BTCUSD/XAUUSD 日本語解説は下記
This indicator detects the perfect order of three moving averages and displays on the Panel in an easy-to-understand visual manner whether there is an uptrend, downtrend, or non-trend for each time leg.
This indicator detects perfect orders for the three currency pairs USDJPY/BTCUSD/XAUUSD on the 5-minute, 15-minute, 1-hour, and 4-hour time frames, and displays them on the Panel on the chart, with “▲” for up, “▼” for down, and “ー” for non-trend, so that you can quickly determine the trend. The panel is displayed on the chart.
In order to check for perfect orders without missing them, it is also possible to set up alerts that notify you of all the time frames and currency pairs as well.
Functions
Displaying 4H, 1H, 15M, 5M, up (▲), down (▼), other (-), of USDJPY/BTCUSD/XAUUSD on the panel.
*(By default, 20EMA, 75EMA, and 200EMA are hidden.)
Display position setting of the panel (You can choose from upper left, upper top, upper right, lower left, lower bottom, or lower right).
Panel color and text color change function
The moving average line can be hidden by default.
Moving average period change
Moving average color and thickness can be changed.
EMA/SMA switchable
Alert function - One alert can be set for each currency pair and time frame ▲▼, which is very useful.
Perfect Order Alert
You can use it even if you have a free account with only one alert setting.
To use the alert function, go to the Tradingview default alert settings, select “USDJPY/BTCUSD/XAUUSD” for the top item of conditions, and select “Call Alert() function” in the frame just below it!
_* Supplementary explanation: ＿＿＿＿＿＿＿＿＿＿＿＿
Please note that due to the limitation of the script, only 3 currency pairs and 4 time frames are displayed with 12 items (Panels for currency pairs other than USDJPY/BTCUSD/XAUUSD are also created, but they are indicators for other scripts, so if you are interested in other currency pairs, please use those. If you are interested in other currency pairs, please use them.)
Please note that we may change the functions or delete the indicator itself without prior notice.
Translated with DeepL.com (free version)
Reference image of the setting screenReference image of the setting screen
設定画面参考画像
3本の移動平均線のパーフェクトオーダーを検知し、時間足ごとに上昇トレンドか下降トレンドかノントレンドかを視覚的にわかりやすくPanelに表示するインジゲーターです。
このインジゲーターは、USDJPY/BTCUSD/XAUUSDの３通貨ペアの５分足、15分足、１時間足、４時間足のパーフェクトオーダーを検知して、チャートに表示されるPanelに、上昇は「▲」下降は「▼」ノントレンドは「ー」と、すぐに判断できる表示にしてあります。
パーフェクトオーダーを逃さずチェックできるように、それぞれの時間足や通貨ペアも全てを通知してくれるアラート設定が可能なのも特徴です。
機能紹介
・USDJPY/BTCUSD/XAUUSDの4H,1H,15M,5M,の上昇(▲),下降(▼),その他(-),をパネルに表示
※(デフォルトでは20EMA,75EMA,200EMAの３本で非表示にしてあります）
・パネルの表示位置設定（左上、上、右上、左下、下、右下、から選択できます。）
・パネルの色とテキスト色変更機能
・移動平均線表示非表示機能（デフォルトでは表示OFFにしてあります。）
・移動平均線期間変更
・移動平均線色と太さ変更
・EMA/SMA切り替え可能
・アラート機能ー１つのアラート設定で通貨ペアと時間足▲▼一つ一つを細かく教えてくれるので便利。
※パーフェクト オーダーアラート
無料アカウントで１つしかアラート設定できなくても使えます。
アラート機能はTradingviewデフォルトのアラート設定から、条件の一番上の項目を「USDJPY/BTCUSD/XAUUSD」選択、そのすぐ下の枠に「Alert()関数の呼び出し」を選択でOK！
＿※ 補足説明＿＿＿＿＿＿＿＿＿＿＿＿
・スクリプトの制限の為、３通貨ペアと４つの時間足の１２項目で表示させていますのでご了承ください
(USDJPY/BTCUSD/XAUUSD以外の通貨ペアのPanelも作成していますが別スクリプトのインジゲーターになりますので他の通貨ペアも興味がある方はそちらをお使いください）
・予告なしで機能の変更やインジゲーター自体の削除等行う事もあるかもなのでご了承ください。
Trend DetectorThe Trend Detector indicator is a powerful tool to help traders identify and visualize market trends with ease. This indicator uses multiple moving averages (MAs) of different timeframes to provide a comprehensive view of market trends, making it suitable for traders of all experience levels.
█ USAGE
This indicator will automatically plot the chosen moving averages (MAs) on your chart, allowing you to visually assess the trend direction. Additionally, a table displaying the trend data for each selected MA timeframe is included to provide a quick overview.
█ FEATURES
1. Customizable Moving Averages: The indicator supports various types of moving averages, including Simple (SMA) , Exponential (EMA) , Smoothed (RMA) , Weighted (WMA) , and Volume-Weighted (VWMA) . You can select the type and length for each MA.
2. Multiple Timeframes: Plot moving averages for different timeframes on a single chart, including fast (short-term) , mid (medium-term) , and slow (long-term) MAs.
3. Trend Detector Table: A customizable table displays the trend direction (Up or Down) for each selected MA timeframe, providing a quick and easy way to assess the market's overall trend.
4. Customizable Appearance: Adjust the colors, frame, border, and text of the Trend Detector Table to match your chart's style and preferences.
5. Wait for Timeframe Close: Option to wait until the selected timeframe closes to plot the MA, which will remove the gaps.
█ CONCLUSION
The Trend Detector indicator is a versatile and user-friendly tool designed to enhance your trading strategy. By providing a clear visualization of market trends across multiple timeframes, this indicator helps you make informed trading decisions with confidence and trade with the market trend. Whether you're a day trader or a long-term investor, this indicator is an essential addition to your trading toolkit.
█ IMPORTANT
This indicator is a tool to aid in your analysis and should not be used as the sole basis for trading decisions. It is recommended to use this indicator in conjunction with other tools and perform comprehensive market analysis before making any trades.
Happy trading!
Fractalyst Moving Average [Adaptive] | FractalystWhat's the indicator purpose and functionality?
Moving averages are widely used technical indicators in trading.
Typically, they provide reliable entry signals in trending markets but can falter during consolidation periods.
Now, imagine a moving average that adjusts to market conditions.
The Fractalyst Moving Average does just that by adapting to the market's noise level, which is the erratic price movement within trends or consolidation phases.
This indicator incorporates market structure into moving averages to more effectively identify potential market trends.
By dynamically calculating moving averages based on external swing highs and lows, it offers robust trend identification and adapts to different market conditions, giving traders valuable insights into current market condition.
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How does FRMA react in a trending and consolidating market?
When the market trends, the FRMA adjusts quickly to price movements, closely tracking the trend and positioning itself close to prices. This responsiveness allows it to provide timely signals and effectively capture trends.
However, in consolidating markets where there is little net change in price over time, the FRMA reacts slowly. As consolidation prolongs, the FRMA may even cease to move significantly, appearing non-reactive. This characteristic helps minimize false signals and unnecessary trades during periods of market indecision.
Notice how the FRMA tracks prices closely when the market is trending. When the market begins to consolidate, however, the FRMA becomes relatively unresponsive and stays horizontal.
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What are the underlying calculations behind FRMA?
Identifying Swing Highs and Lows: FRMA begins by identifying the most recent external swing highs and lows, which are key pivot points in the market's price structure.
Defining Market Structure: It calculates the distance between these external swing levels. When price remains confined between these levels, indicating a horizontal market, it signifies minor intermediate ranges or a lack of clear trend direction.
Adapting to Breaks of Structure: When a new break of structure occurs—such as a significant price movement above a previous swing high or below a swing low—the FRMA updates dynamically.
It adjusts its values to reflect the midpoint (50%) of the distance between the external swing highs and lows.
This adjustment helps the FRMA react promptly to changes in different market environments.
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How to use the FRMA in trading?
In a trend-following context, the FRMA provides clear signals for trading:
Buying Signal: Look to buy when the FRMA is rising. This indicates that the market is in an uptrend, with prices consistently moving higher. Buying at these points aligns with the trend momentum and increases the likelihood of capturing profitable movements.
Selling Signal: Consider selling when the FRMA is falling. A declining FRMA suggests that the market is in a downtrend, where prices are consistently decreasing. Selling during these periods helps capitalize on downward movements and potential profit-taking opportunities.
Avoiding Trades: Avoid trading when the FRMA appears horizontal and the market is consolidating. This indicates a lack of clear trend direction or significant price movement, which can lead to choppy price action and increased risk of false signals. Waiting for the FRMA to resume a clear trend direction can help avoid unnecessary losses in consolidating markets.
Note: These rules are just examples and may generate numerous false signals. Even when the FRMA is less responsive, it can exhibit frequent changes in direction.
Traders should apply additional filters or confirmatory indicators to refine their trading decisions and mitigate the impact of false signals.
Depending on whether they're employing mean-reversion or trend-following trading styles, traders need to adjust other market filters accordingly.
It's crucial to conduct thorough backtesting using various market conditions and filters to validate and optimize their trading strategies effectively.
This process helps traders identify the settings that best align with their trading goals and market conditions.
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What makes this moving average unique compared to others?
Yes, it's another moving average, but the Fractalyst Adaptive Moving Average stands out for a compelling reason.
Its calculation is more sophisticated, leveraging market structure to identify potential consolidation and trending environments, similar to conventional moving averages such as SMA and EMA.
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How does the FRMA's stack up against the other moving averages?
Since markets are always evolving, using adaptive strategy elements like the FRMA certainly makes a whole lot of sense.
However, from a practical standpoint, the only way to find out would be to exhaustively backtest the various moving averages across all markets of interest.
Establishing equivalency between the FRMA and other moving averages may be a little challenging, since the FRMA does not use a single integer value for its lookback period.
Assuming the backtests produced roughly equal results, I’d personally prefer to use the FRMA. Its adaptive qualities give me confidence that the strategy can weather changing market conditions.
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User-inputs and customizations
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Terms and Conditions | Disclaimer
Our charting tools are provided for informational and educational purposes only and should not be construed as financial, investment, or trading advice. They are not intended to forecast market movements or offer specific recommendations. Users should understand that past performance does not guarantee future results and should not base financial decisions solely on historical data.
Built-in components, features, and functionalities of our charting tools are the intellectual property of @Fractalyst Unauthorized use, reproduction, or distribution of these proprietary elements is prohibited.
By continuing to use our charting tools, the user acknowledges and accepts the Terms and Conditions outlined in this legal disclaimer and agrees to respect our intellectual property rights and comply with all applicable laws and regulations.
Support and Resistance Zones (MTF)Support and Resistance Zones (MTF) is a multi-timeframe indicator that identifies support and resistance zones and is highly customizable for precise market analysis. Users can adjust various inputs to adapt the zones to price action, highlighting the most significant and probable zones.
█ USAGE & KEY FEAUTURES
1. Look Back Bars: This setting defines the maximum number of bars that can display a zone, removing old ones that are no longer significant. For example, in the 4-hour FX:GBPUSD chart below, only zones from the last 1000 bars are plotted. This helps reduce noise and eliminate unnecessary zones that could lead to incorrect market analysis.
2. Ranging Periods: On lower timeframes, such as a 1-minute chart, overplotting can become more problematic. As shown in the image below, there are many insignificant zones when the market trends upwards. In such cases, retaining zones only where the market is ranging helps identify potential reversal points and entry opportunities.
By focusing on the last 400 bars in a ranging phase, the market structure and key support and resistance areas become clearer, aiding in potential trade setups. Additionally, the " Plot Zone Touches " feature shows where and how many times each zone has been touched, emphasizing zones with multiple price respects.
In fact, users can remove zones of a specific length that have fewer touches than a set amount (" Minimum Zone Touches "). This feature helps eliminate unnecessary zones from the chart.
3. Plotting Zone Breakouts: Zones can be plotted with breakouts labels and even deleted if broken more than a specified number of times enabling the " Cut On Breakouts " feature. For example, zones broken more than two times and by more than two consecutive bars were removed in the image below. The " Breakout Consecutive Bars " setting helps identify fakeouts by allowing the user to set how many consecutive bars must break the zone to define a breakout.
4. Wick Cleaner: This feature deletes zones formed above or below a wick percentage level, depending on whether it is a support or resistance zone. Without this input, charts could have zones formed from long wicks, as shown below.
5. Other User Inputs:
• Delete Overlapped Zones: Removes zones with a specific percentage of their body inside another zone. If this number is negative, zones that are too close to each other will be deleted.
• Change Color On Breakouts: Changes the zone color when the price is above or below it.
• ATR Multiplier: Adjusts the zone width.
█ CONCLUSION
The primary objective of this indicator is to plot key support and resistance zones while minimizing noise from unnecessary zones. As mentioned at the beginning, this indicator is highly customizable, so feel free to experiment with different settings to optimize its performance.
█ IMPORTANT
This indicator is currently not available for multi-timeframe (MTF) market analysis but will be in the near future.
Stay tuned, and I hope you like it. Please share any comments below. Have a great trading experience!
Period Separator All TimeframesPeriod Separator All Timeframes
This script allows you to add customizable period separators on your TradingView charts. You can select the timeframe for the separators, and they will only be visible on the same or lower timeframes. This is useful for visually distinguishing different periods, such as hours, days, or weeks, directly on your chart.
How to Use:
Add the Indicator: Add the "Period Separator All Timeframes" indicator to your TradingView chart.
Configure Separator Settings:
Separator Color: Choose the color for the period separator lines.
Separator Style: Select the line style (Solid, Dashed, Dotted).
Separator Width: Set the width of the separator lines.
Separator Timeframe: Select the timeframe for the separators (e.g., 1 hour, 1 day).
View the Separators: The separators will be drawn at the start of each new period based on the selected timeframe.
They will only be visible on the same or lower timeframes.
Use this indicator to easily differentiate between trading sessions, hours, days, or any other timeframe you choose, enhancing your chart analysis and trading strategy.
Candle Wick Shadows [UkutaLabs]█ OVERVIEW
The Candle Wick Shadows Indicator identifies untested wicks in real time that occur when there is an imbalance in the number of buyers and sellers at a price-level. This imbalance occurs when a market exchange receives too many of one kind of order, and not enough of its counterpoint.
Candle Wick Shadows is a powerful trading indicator that will automatically identify and label strong ranges on traders’ charts that can be incorporated into a wide variety of different trading strategies.
█ USAGE
The script automatically identifies and measures real-time ranges of imbalance between buying and selling pressure in the market using real-time price-action information. These levels indicate potential Supply and Demand zones which serve to help the trader identify areas where price has changed direction in the past due to an imbalance of buyers and sellers.
The script also allows users to mirror higher time frame Candle Wick Shadows onto lower time frame charts to gain a stronger understanding of key levels on another scale.
█ SETTINGS
Configuration
- Show Labels: Determines whether or not identification labels are drawn on the chart.
- Max CWS Display: Determines the number of Candle Wick Shadows that will be drawn on the chart. This is for each higher timeframe option that is toggled, not the total.
Current Time Frame
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the current time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the current time frame.
- Bearish Color: Determines the color of bearish wick shadows from the current time frame.
5 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 5 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 5 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 5 minute time frame.
15 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 15 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 15 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 15 minute time frame.
30 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 30 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 30 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 30 minute time frame.
60 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 60 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 60 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 60 minute time frame.
240 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 240 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 240 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 240 minute time frame.
Daily (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the daily time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the daily time frame.
- Bearish Color: Determines the color of bearish wick shadows from the daily time frame.
Candle Wick Retest [UkutaLabs]█ OVERVIEW
The Candle Wick Retest Indicator identifies untested wicks in real time that occur when there is an imbalance in the number of buyers and sellers at a price-level. This imbalance occurs when a market exchange receives too many of one kind of order, and not enough of its counterpoint.
Candle Wick Retest is a powerful trading indicator that will automatically identify and label strong ranges on traders’ charts that can be incorporated into a wide variety of different trading strategies.
█ USAGE
The script automatically identifies and measures real-time ranges of imbalance between buying and selling pressure in the market using real-time price-action information. These levels indicate potential Supply and Demand zones which serve to help the trader identify areas where price has changed direction in the past due to an imbalance of buyers and sellers.
The script also allows users to mirror higher time frame Candle Wick Retests onto lower time frame charts to gain a stronger understanding of key levels on another scale.
█ SETTINGS
Configuration
- Show Labels: Determines whether or not identification labels are drawn on the chart.
- Max CW Display: Determines the number of Candle Wick Retests that will be drawn on the chart. This is for each higher timeframe option that is toggled, not the total.
Current Time Frame
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the current time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the current time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the current time frame.
5 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 5 minute chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 5 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 5 minute time frame.
15 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 15 minute time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 15 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 15 minute time frame.
30 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 30 minute time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 30 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 30 minute time frame.
60 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 60 minute time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 60 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 60 minute time frame.
240 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 240 minute time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 240 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 240 minute time frame.
Daily (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the daily time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the daily time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the daily time frame.
Swing Pivots [UkutaLabs]█ OVERVIEW
The Swing Pivots indicator uses relevant price-action information to identify key levels of Support and Resistance. Traders will be able to use current day Swing Pivots as well as mirror higher time frame Swing Pivots to gain a stronger understanding of overall market strength and key levels.
The aim of this script is to improve the users trading experience by offering a versatile toolkit that can be used in a wide variety of trading strategies to help simplify the complexities of the market.
█ USAGE
Throughout the trading day, the script will automatically identify key High and Low levels in the market based on currently relevant price action information, giving users potentially strong support and resistance levels which serve to guide the trader throughout the complexities in the market.
The script will also Identify powerful Order Blocks which are clusters of orders executed at a specific price level which represent an imbalance between supply and demand. By identifying Order Blocks, the script can indicate valuable supply and demand zones which help signal potential market turning points for the trader.
Furthermore, the script allows the user to mirror higher time frame Swing Pivots onto lower time frame charts to gain a stronger understanding of overall market strength and key levels on multiple time frames from a single chart.
█ SETTINGS
Configuration
Pivot Strength: Determines the sensitivity of the pivot calculation. A higher strength will result in less pivots being drawn, and a lower strength will result in more pivots being drawn.
Current Time frame
• Display: Determines whether or not Swing Pivots from the current time frame will be drawn on the chart.
5 Minute (Higher Time Frame)
• Display: Determines whether or not Swing Pivots from the 5 minute time frame will be drawn on the chart.
15 Minute (Higher Time Frame)
• Display: Determines whether or not Swing Pivots from the 15 minute time frame will be drawn on the chart.
30 Minute (Higher Time Frame)
• Display: Determines whether or not Swing Pivots from the 30 minute time frame will be drawn on the chart.
1 Hour (Higher Time Frame)
• Display: Determines whether or not Swing Pivots from the 1 hour time frame will be drawn on the chart.
4 Hour (Higher Time Frame)
• Display: Determines whether or not Swing Pivots from the 4 hour time frame will be drawn on the chart.
Daily (Higher Time Frame)
• Display: Determines whether or not Swing Pivots from the daily time frame will be drawn on the chart.
Power Trends [UkutaLabs]█ OVERVIEW
The Power Trends Indicator is a versatile trading toolkit that offers unique insight into key price levels in the market. This script uses currently relevant price-action information to automatically detect pivot levels and use them to create powerful trendlines.
The aim of this script is to improve the trading experience of users by offering a versatile toolkit that can be used in a wide variety of trading strategies to help simplify the complexities of the market.
█ USAGE
The Power Trends Indicator will automatically identify pivot points in real-time using recent price-action information to ensure that all points being identified are relevant. Using these pivot points, the script then draws powerful trend lines that can be used as levels of resistance and support.
To ensure that only the most relevant information is being presented, only the most recent trend lines will be displayed on the user’s charts. As new trend lines are being drawn, older trend lines will become thinner so that traders can identify the most relevant lines at a glance.
The price of the most recent high and low pivot points will also be displayed on the chart and can be used as further levels of resistance and support.
When a recent pivot level is broken, it will be identified as a Break of Structure. This signifies that there may have been a change in market strength.
The Power Trends Indicator also supports multiple time frame mapping, allowing you to mirror the trend lines that would be drawn on higher time frame charts onto lower time frame charts. This feature allows traders to be aware of the market structure of multiple charts at a glance from a single chart.
When mirroring some higher time frame trend lines, lines may appear to not align properly with current time frame bars. This is done intentionally to ensure lines are being drawn accurately to their position on the higher time frame charts.
█ SETTINGS
Current Time Frame
• Display (On/Off): Determines whether or not trend lines are drawn from the current time frame.
• High Color: Determines the color of trend lines drawn on high pivots.
• Low Color: Determines the color of trend lines drawn on low pivots.
5 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 5 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 5 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 5 minute higher time frame.
15 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 15 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 15 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 15 minute higher time frame.
30 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 30 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 30 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 30 minute higher time frame.
60 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 60 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 60 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 60 minute higher time frame.
240 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 240 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 240 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 240 minute higher time frame.
Daily (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the daily time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the daily higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the daily higher time frame.
Fair Value Gap [UkutaLabs]█ OVERVIEW
Fair Value Gaps are price jumps caused by the imbalance buying and selling pressures in trading and are most commonly used amongst price action traders. Fair Value Gaps are formed via a three-candle sequence in which a large candle’s neighbouring candles’ upper and lower wicks do not fully overlap the large candle.
The Fair Value Gaps Indicator also supports Multi Time Frame Plotting, allowing you to plot the Fair Value Gaps from higher time frames onto lower time frame charts.
The Fair Value Gaps Indicator is a powerful trading toolkit that provides users with more information than they would typically have available to them by allowing them to configure several charts worth of information onto one single chart.
█ USAGE
The script automatically identifies imbalances between buying and selling pressure in the market in real time, offering traders valuable insight into current market sentiment. These gaps are considered to be levels where the supply and demand of a commodity are imbalanced, and the price tends to return to fill these gaps (But are not guaranteed to).
The Fair Value Gaps Indicator also allows gaps from higher time frames to be drawn on lower time frame charts, providing traders with more information than they would typically have access to to further simplify the decision making process.
█ SETTINGS
Configuration
• Show Labels: Determines whether labels that identify which time frame a FVG is calculated from.
• Max FVG Display: Determines the limit to the number of FVGs that can be drawn from all time frames. Set this value to 0 to remove this limit.
Current Time Frame
• Display: Determines whether or not FVGs from the current time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the current time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the current time frame.
5 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 5 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 5 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 5 minute time frame.
15 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 15 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 15 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 15 minute time frame.
30 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 30 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 30 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 30 minute time frame.
60 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 60 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 60 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 60 minute time frame.
240 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 240 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 240 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 240 minute time frame.
Daily (Higher Time Frame)
• Display: Determines whether or not FVGs from the daily time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the daily time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the daily time frame.
Liquidity Founder The Liquidity Swings indicator aids traders in detecting liquidity swings within the market, providing essential insights for making well-informed trading decisions. Key features include:
How this Indicator work - this indicator search pivot point that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several support (S) and resistance (R) levels. if input number of bar selected 3 than it will look back 3 candle and wait for next 3 candle to make pivot high and low after it identify pivot it draw a line and extend until it no longer intersects with the high or low prices
What is different in my indicator compared to a normal pivot point and what Makes This Indicator Original :
1) Swing High and Low Logic:It avoids marking consecutive pivot highs until a new pivot low is formed, reducing market noise and highlighting significant trend reversals.
2)Volume Integration: By incorporating volume data, the indicator ensures that pivot points are validated with sufficient market activity, enhancing their reliability as support and resistance levels.
3) Multi-Time Frame Analysis:The ability to input and analyze multiple time frames allows the indicator to draw strong support and resistance levels that are relevant across different trading periods, making it versatile for various trading strategies.
🟠 Liquidity Swings indicator
✅Visualization of Liquidity Zones:Accumulation Areas: Identifying regions where liquidity is gathering.liquidity Sweeps: Pinpointing areas where liquidity is being cleared.
✅Pivot and Volume Analysis:Price Pivots: Monitoring significant pivots in price.
Volume Correlation: Linking price pivots with volume to highlight zones of potential support and resistance.
✅Market Dynamics Understanding:Enables traders to visualize and understand market dynamics more effectively.Assists in pinpointing potential support and resistance levels based on liquidity swings.
⭐Example -EurUsd 1 minutes chart developed Potential Support and Resistance Zone
⭐⭐⭐Key Features:
1) Adjustable Time Frame: Allows traders to analyze different periods by modifying the time frame setting.
2) Swing Look back Period: Sets the period for identifying potential price swings, enhancing flexibility in analysis.
🟠 Understanding Strong Support :These are identified by dense clusters of green lines, indicating high concentrations of buy orders that have not yet been executed. These areas suggest strong buying interest which can potentially halt further price declines.
⭐ Example -below chart image BtcUsd 5 minutes 2 line are still not touched by price
⭐⭐⭐Reasons for Strong Support:
✅Untouched Liquidity Lines: These green lines represent pending buy orders, indicating robust buying interest at these levels.
✅Accumulation of Orders: Many buy orders are aggregated in these zones, capable of preventing further price drops when approached.
✅ Historical Performance: These areas have previously prevented price declines, establishing them as reliable support zones.
✅ Market Confidence: Close clustering of green lines signifies widespread trader belief in favorable buying conditions, reinforcing support strength.
🟠 Understanding Strong Resistance :Highlighted by dense clusters of red lines, denoting substantial sell orders that did not executed. These zones signify significant selling interest which can impede further price increases.
⭐ Example -below chart image Btcusd 3 minutes 3 line did touched by price previously .price touched that area and retraced because of unfilled liquidity
⭐⭐⭐ Reasons for Strong Support:
✅ Untouched Liquidity Lines: These green lines represent pending buy orders, indicating robust buying interest at these levels.
✅ Accumulation of Orders: Many buy orders are aggregated in these zones, capable of preventing further price drops when approached.
✅ Historical Performance: These areas have previously prevented price declines, establishing them as reliable support zones.
✅ Market Confidence: Close clustering of green lines signifies widespread trader belief in favorable buying conditions, reinforcing support strength.
⭐⭐⭐ Usage of the Liquidity Founder Indicator ⭐⭐⭐
👍 Identifying Liquidity Zones: Pinpoints areas with dense clusters of pending buy (green) or sell (red) orders, providing initial entry points where significant buying or selling interest is concentrated.
👍 Avoiding Market Traps: Helps traders steer clear of market fluctuations or false breakouts by focusing on stable liquidity zones.
How to Use this indicator for Maximum benefit -
1) When the price approaches a cluster of resistance levels, traders should look for a candle showing rejection (e.g., a bearish reversal candle) to enter a short trade.
2)When the price approaches a cluster of support levels, traders should look for a candle showing rejection (e.g., a bullish reversal candle) to enter a long trade.
3) The identified liquidity levels offer a clear understanding of significant support and resistance areas, helping traders make more informed trading decisions.
4) Fake breakouts above resistance or below support clusters. If the price breaks above resistance and then falls back below, it can be a signal to enter a short trade vice versa if price break support cluster and back again above support cluster it can be a long trade
MTF-Colored EMA Difference and Stochastic indicatorThis indicator combines two popular technical analysis tools: the Exponential Moving Average (EMA) and the Stochastic Oscillator, with the added flexibility of analyzing them across multiple time frames. It visually represents the difference between two EMAs and the crossover signals from the Stochastic Oscillator, providing a comprehensive view of the market conditions.
Components:
EMA Difference Histogram :
EMA Calculation : The indicator calculates two EMAs (EMA1 and EMA2) for the selected time frame.
EMA Difference : The difference between EMA1 and EMA2 is plotted as a 4 coloured histogram.
Stochastic Oscillato r:
Calculation : The %K and %D lines of the Stochastic Oscillator are calculated for the selected time frame.
Additional Confirmation via Colors :
Green: %K is above %D, indicating a bullish signal.
Red: %K is below %D, indicating a bearish signal.
Entry and Exit Strategies
Entry Strategy :
Bullish Entry :
Condition 1: The histogram is Dark green (indicating a strong upward trend).
Condition 2: The Stochastic colour is green (%K is above %D).
Bearish Entry :
Condition 1: The histogram is Dark Red (indicating a strong downward trend).
Condition 2: The Stochastic colour is red (%K is below %D).
Exit Strategy:
Bullish Exit:
Condition: The Stochastic colour turns red (%K crosses below %D).
Bearish Exit:
Condition: The Stochastic colour turns green (%K crosses above %D).
Additional Considerations:
Time Frame Selection : The chosen time frame for both the EMA and Stochastic calculations should align with the trader’s strategy (e.g., daily for swing trading, hourly for intraday trading).
Risk Management : Implement stop-loss orders to manage risk effectively. The stop-loss can be placed below the recent swing low for long positions and above the recent swing high for short positions.
Confirmation : Consider using this indicator in conjunction with other technical analysis tools to confirm signals and reduce the likelihood of false entries and exits.
ThePawnAlgoThe Pawn Algo is a simple indicator that is useful for scalping in sync with a higher timeframe should only be use in clear trending markets.
What it does and How it does it?
The script is based of a simple pattern close above previous candle high means higher prices we can see it in a green bar. Close below previous candle low means lower prices we can see it in a red bar. Close inside previous candle range means price is going to consolidate do some kind of retracement or reversal we mark it in a black or dark color bar.
It plot an arrow and a liquidity level when it detects a change in sentiment from bullish to bearish or bearish to bullish.
It plot the Higher timeframe previous completed candle range into the selected Lower timeframe to easily see the HTF levels into the lower timeframe.
The HTF range change colors depending of previous HTF candles closes following the same idea, close above previous candle high means green range, close below previous candle low means red range and close inside means a gray range. Finally it plots the 50% of the HTF range and the previous close high and low.
Finally it draws a yellow value zone that is the difference between the previous candle close and 50% of the previous range. This zone is ideal for taking continuation trades in favor of the HTF trend.
How to use it?
You must first select a higher timeframe in minutes in the settings default value is 1440minutes then select a lower timeframe is the maximum timeframe in where the HTF will be visible. Default lower timeframe is 15minutes.
Then just wait for the HTF candle to close and engage in the LTF when price is around the value yellow zone in a premium or discount.
Green arrows are automatically plot when HTF is bullish and Red arrows when is bearish by default. But you can enable or disable the arrow signals liquidity levels or configure as you want. Making all signals visible or just the buys or sells.
The script is useful to easily identify the HTF draw on liquidity and recent key levels and then use the LTF structure to enter.
The indicator can be used to identify liquidity, price will seek this liquidity point sometimes sweep and then continue the move. if the liquidity or stop level is broken with a body is a clear change of direction.
ICT Killzones and Sessions W/ Silver Bullet + MacrosForex and Equity Session Tracker with Killzones, Silver Bullet, and Macro Times
This Pine Script indicator is a comprehensive timekeeping tool designed specifically for ICT traders using any time-based strategy. It helps you visualize and keep track of forex and equity session times, kill zones, macro times, and silver bullet hours.
Features:
Session and Killzone Lines:
Green: London Open (LO)
White: New York (NY)
Orange: Australian (AU)
Purple: Asian (AS)
Includes AM and PM session markers.
Dotted/Striped Lines indicate overlapping kill zones within the session timeline.
Customization Options:
Display sessions and killzones in collapsed or full view.
Hide specific sessions or killzones based on your preferences.
Customize colors, texts, and sizes.
Option to hide drawings older than the current day.
Automatic Updates:
The indicator draws all lines and boxes at the start of a new day.
Automatically adjusts time-based boxes according to the New York timezone.
Killzone Time Windows (for indices):
London KZ: 02:00 - 05:00
New York AM KZ: 07:00 - 10:00
New York PM KZ: 13:30 - 16:00
Silver Bullet Times:
03:00 - 04:00
10:00 - 11:00
14:00 - 15:00
Macro Times:
02:33 - 03:00
04:03 - 04:30
08:50 - 09:10
09:50 - 10:10
10:50 - 11:10
11:50 - 12:50
Latest Update:
January 15:
Added option to automatically change text coloring based on the chart.
Included additional optional macro times per user request:
12:50 - 13:10
13:50 - 14:15
14:50 - 15:10
15:50 - 16:15
Usage:
To maximize your experience, minimize the pane where the script is drawn. This minimizes distractions while keeping the essential time markers visible. The script is designed to help traders by clearly annotating key trading periods without overwhelming their charts.
Originality and Justification:
This indicator uniquely integrates various time-based strategies essential for ICT traders. Unlike other indicators, it consolidates session times, kill zones, macro times, and silver bullet hours into one comprehensive tool. This allows traders to have a clear and organized view of critical trading periods, facilitating better decision-making.
Credits:
This script incorporates open-source elements with significant improvements to enhance functionality and user experience.
Forex and Equity Session Tracker with Killzones, Silver Bullet, and Macro Times
This Pine Script indicator is a comprehensive timekeeping tool designed specifically for ICT traders using any time-based strategy. It helps you visualize and keep track of forex and equity session times, kill zones, macro times, and silver bullet hours.
Features:
Session and Killzone Lines:
Green: London Open (LO)
White: New York (NY)
Orange: Australian (AU)
Purple: Asian (AS)
Includes AM and PM session markers.
Dotted/Striped Lines indicate overlapping kill zones within the session timeline.
Customization Options:
Display sessions and killzones in collapsed or full view.
Hide specific sessions or killzones based on your preferences.
Customize colors, texts, and sizes.
Option to hide drawings older than the current day.
Automatic Updates:
The indicator draws all lines and boxes at the start of a new day.
Automatically adjusts time-based boxes according to the New York timezone.
Killzone Time Windows (for indices):
London KZ: 02:00 - 05:00
New York AM KZ: 07:00 - 10:00
New York PM KZ: 13:30 - 16:00
Silver Bullet Times:
03:00 - 04:00
10:00 - 11:00
14:00 - 15:00
Macro Times:
02:33 - 03:00
04:03 - 04:30
08:50 - 09:10
09:50 - 10:10
10:50 - 11:10
11:50 - 12:50
Latest Update:
January 15:
Added option to automatically change text coloring based on the chart.
Included additional optional macro times per user request:
12:50 - 13:10
13:50 - 14:15
14:50 - 15:10
15:50 - 16:15
ICT Sessions and Kill Zones
What They Are:
ICT Sessions: These are specific times during the trading day when market activity is expected to be higher, such as the London Open, New York Open, and the Asian session.
Kill Zones: These are specific time windows within these sessions where the probability of significant price movements is higher. For example, the New York AM Kill Zone is typically from 8:30 AM to 11:00 AM EST.
How to Use Them:
Identify the Session: Determine which trading session you are in (London, New York, or Asian).
Focus on Kill Zones: Within that session, focus on the kill zones for potential trade setups. For instance, during the New York session, look for setups between 8:30 AM and 11:00 AM EST.
Silver Bullets
What They Are:
Silver Bullets: These are specific, high-probability trade setups that occur within the kill zones. They are designed to be "one shot, one kill" trades, meaning they aim for precise and effective entries and exits.
How to Use Them:
Time-Based Setup: Look for these setups within the designated kill zones. For example, between 10:00 AM and 11:00 AM for the New York AM session .
Chart Analysis: Start with higher time frames like the 15-minute chart and then refine down to 5-minute and 1-minute charts to identify imbalances or specific patterns .
Macros
What They Are:
Macros: These are broader market conditions and trends that influence your trading decisions. They include understanding the overall market direction, seasonal tendencies, and the Commitment of Traders (COT) reports.
How to Use Them:
Understand Market Conditions: Be aware of the macroeconomic factors and market conditions that could affect price movements.
Seasonal Tendencies: Know the seasonal patterns that might influence the market direction.
COT Reports: Use the Commitment of Traders reports to understand the positioning of large traders and commercial hedgers .
Putting It All Together
Preparation: Understand the macro conditions and review the COT reports.
Session and Kill Zone: Identify the trading session and focus on the kill zones.
Silver Bullet Setup: Look for high-probability setups within the kill zones using refined chart analysis.
Execution: Execute the trade with precision, aiming for a "one shot, one kill" outcome.
By following these steps, you can effectively use ICT sessions, kill zones, silver bullets, and macros to enhance your trading strategy.
Usage:
To maximize your experience, shrink the pane where the script is drawn. This minimizes distractions while keeping the essential time markers visible. The script is designed to help traders by clearly annotating key trading periods without overwhelming their charts.
Originality and Justification:
This indicator uniquely integrates various time-based strategies essential for ICT traders. Unlike other indicators, it consolidates session times, kill zones, macro times, and silver bullet hours into one comprehensive tool. This allows traders to have a clear and organized view of critical trading periods, facilitating better decision-making.
Credits:
This script incorporates open-source elements with significant improvements to enhance functionality and user experience. All credit goes to itradesize for the SB + Macro boxes
Uptrick: 6 Coins Market Data TableThe "Uptrick: 6 Coins Market Data Table" indicator is a sophisticated tool designed to provide a comprehensive snapshot of the market data for six major cryptocurrencies. This tool displays crucial information in a table format directly on the chart, enabling traders to make informed decisions quickly. It focuses on providing key metrics such as the Relative Volatility Index (RVI), volume, buy and sell pressure, and liquidity for each coin. The primary purpose of this indicator is to consolidate essential market data for multiple cryptocurrencies into a single, easy-to-read table. This facilitates quick analysis and comparison, helping traders assess market volatility and momentum using the Relative Volatility Index (RVI), monitor trading volume to understand market activity and interest, evaluate buy and sell pressure to gauge market sentiment, and determine liquidity to understand the ease of entering or exiting positions. The indicator is titled "Uptrick: 6 Coins Market Data Table" and is set to overlay on the chart, ensuring that it does not obstruct the view of price action. It uses a custom function to calculate buy and sell pressure based on price movements and trading volume, where buy pressure measures the volume of trades executed at prices above the low but below the high, indicating buying interest, and sell pressure measures the volume of trades executed at prices below the high but above the low, indicating selling interest. Liquidity is calculated as the product of the trading range (high - low) and the trading volume, helping in understanding the ease with which an asset can be traded without affecting its price. The RVI is calculated using the standard deviation of price changes and the exponential moving average (EMA), distinguishing between periods of increasing and decreasing volatility to provide a normalized measure of market volatility, with the RVI value ranging from 0 to 100, where higher values indicate higher volatility. The table is created with six rows and seven columns, with each row representing a cryptocurrency and each column representing a specific metric. The first row of the table includes headers for each metric: Symbol, RVI, Volume, Buy Pressure, Sell Pressure, and Liquidity. The populateTable function retrieves and calculates the necessary data for each cryptocurrency, fetching open, high, low, close prices, and volume, then calculating the RVI, buy/sell pressure, and liquidity. These values are populated into the respective cells in the table, ensuring that traders can see all relevant data at a glance. The indicator allows users to specify six different cryptocurrency symbols through input fields, enabling traders to monitor their preferred coins. The table columns include Symbol (the trading symbol of the cryptocurrency, e.g., BTCUSDT), RVI (the Relative Volatility Index displayed as a percentage, indicating the volatility level), Volume (the trading volume for the specified period, indicating the level of trading activity), Buy Pressure (a volume-based measure of buying interest), Sell Pressure (a volume-based measure of selling interest), and Liquidity (a measure of the asset’s liquidity, combining price range and volume). By bringing together multiple key metrics for six cryptocurrencies into one table, the indicator provides a centralized view of market conditions, enhancing decision-making as traders can quickly assess volatility, market sentiment, and liquidity, aiding in more informed trading decisions. The tool's customizability, allowing users to tailor the table to display their preferred cryptocurrencies, makes it versatile for different trading strategies. This detailed description outlines the functionality and purpose of the "Uptrick: 6 Coins Market Data Table" indicator, emphasizing its role in providing comprehensive and actionable market data for traders.
ICT opening price lineShows you the opening price of a certain time of day. I will show as line starting from the time selected and ending a few bars into the future. Available times are the ones ICT said are relevant for framing a premium and discount using opening prices: 00:00, 8:30 and 13:30. To show all 3 you have to add the indicator 3 times.
The script offers some customization on how the line should look line and if you want a label telling the time of it after the line.
Time - Bar StatusCandlestick analysis
The Indicator "Bar Status" will display the current open candle state and the last three close candles state based on the logic below.
Abbreviations.
OC = Open Candle (if in no state listed below)
FB = False Break
BO = Break Out
IN = Inside Bar
FBR = False Break Reversal
Logic:
OC = This is the current open candle yet to close. Its status will change as it progresses through time until close.
Green False Break Revers (FBR) = bar Close is higher than previous bar Close AND bar High is higher than previous bar High AND bar Low is lower than previous bar Low.
Green False Break (FB) = bar Close is lower than previous bar High AND bar High is higher than previous bar High.
Green Breakout (BO) = bar Close is higher than previous bar Close AND bar High is higher than previous bar High.
Green Inside Bar (IN) = bar High is lower than previous bar High AND bar Low is higher than previous bar Low.
Red False Break Revers (FBR) = bar Close is lower than previous bar Close AND bar Low is lower than previous bar Low AND bar High is Higher than previous bar High.
Red False Break (FB) = bar Close is higher than previous bar Low AND bar Low is lower than previous bar Low.
Red Breakout (BO) = bar Close is lower than previous bar Close AND bar Low is lower than previous bar Low.
Red Inside Bar (IN) = bar High is lower than previous bar High AND bar Low is higher than previous bar Low.
The end column is the current open candle/bar.
The second from the end column is the last closed candle/bar.
The third from the end column is the second closed candle/bar.
The forth from the end column is the third closed candle/bar.
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Also Includes candle countdown timer, of various candles. i.e. 4 hour, 1 hour, 15min, 5 min.
Market Structure & Session Alerts### Market Structure & Session Alerts Indicator
#### Overview
The "Market Structure & Session Alerts" indicator is a comprehensive tool designed to assist traders in identifying key market structure levels, detecting liquidity sweeps, and receiving alerts for specific trading sessions. This indicator is particularly useful for traders who want to keep an eye on previous high and low levels and be alerted during pre-London and pre-New York sessions.
#### Features
1. **Previous High/Low Levels:**
- **Daily, Weekly, and Monthly Highs and Lows:** The indicator plots the previous day, week, and month high and low levels on the chart. These levels can be crucial for identifying support and resistance zones.
- **Toggle Display:** Users can choose to show or hide these levels using the "Show Previous Day/Week/Month High/Low" option.
2. **Liquidity Sweep Detection:**
- **Liquidity Sweep Identification:** The indicator detects liquidity sweeps when the current price closes above the previous day's high. This can signal potential reversals or continuations in the market.
- **Visual Alerts:** When a liquidity sweep is detected, a green triangle is plotted below the bar.
3. **Session Alerts:**
- **Session Timings:** Users can set specific start and end times for the pre-London and pre-New York sessions to match their timezone.
- **Visual Background Highlight:** The background of the chart is highlighted in yellow during the defined session times to provide a visual cue.
- **Alert Messages:** The indicator can generate alerts to notify traders when the market enters the pre-London or pre-New York session.
4. **Current Price Line:**
- The current price is plotted as a black line, providing a clear visual reference for the current market price.
#### How to Use
1. **Input Parameters:**
- `Show Previous Day/Week/Month High/Low`: Enable or disable the display of previous high/low levels.
- `Show Liquidity Sweep`: Enable or disable the detection and display of liquidity sweeps.
- `Show Session Alerts`: Enable or disable session alerts and background highlights.
2. **Session Timing Adjustments:**
- Set the `Pre-London Start`, `Pre-London End`, `Pre-New York Start`, and `Pre-New York End` times according to your timezone to ensure accurate session alerts.
3. **Alerts:**
- Make sure alerts are enabled in your TradingView settings to receive notifications when the market enters the pre-London or pre-New York sessions.
#### Example Use Cases
- **Day Traders:** Identify potential support and resistance levels using the previous day's high and low.
- **Swing Traders:** Use weekly and monthly high and low levels to determine significant market structure points.
- **Scalpers:** Detect liquidity sweeps to identify potential quick trades.
- **Session Traders:** Be alerted when the market enters key trading sessions to align your trading strategy with major market activities.
This indicator combines multiple market analysis tools into one, providing a robust system for traders to enhance their trading decisions and market awareness.
Dynamic Support & Resistance Tracker with MTFDynamic Support & Resistance Tracker with Weekly, Monthly & Daily Levels
The Dynamic Support & Resistance Tracker is designed to help traders identify key support and resistance levels across multiple timeframes, enhancing market analysis and decision-making. This indicator calculates and plots support and resistance levels for daily, weekly, and monthly periods, along with extension lines that provide insights into potential price targets.
Key Features:
Multi-Timeframe Analysis:
Daily Levels: Identifies the high, low, and midpoint for each trading day. These levels help traders recognize important price points for short-term trading strategies.
Weekly Levels: Plots the high, low, and midpoint for each week. This feature is valuable for swing traders who need to understand broader market trends.
Monthly Levels: Displays the high, low, and midpoint for each month, which is essential for long-term investors.
Extension Lines:
Calculates extension lines beyond the standard support and resistance levels to help anticipate potential price targets and reversals. These extensions are based on the distance between the high/low and midpoint levels.
Real-Time Updates:
Automatically updates the levels based on the most recent market data, ensuring traders have the most current information for their analysis.
Clear Visuals:
The indicator provides clearly labeled and color-coded lines for easy identification of key levels, improving the visual clarity of market analysis.
How It Works:
Daily, Weekly, and Monthly Levels: The indicator calculates the high, low, and midpoint levels for daily, weekly, and monthly timeframes and plots them on the chart. These levels serve as potential areas of support and resistance where price action may react.
Extension Lines: The extension lines are calculated based on the distance between the high/low and midpoint levels, projecting potential areas where price may find support or resistance beyond the standard levels.
Automatic Updates: The indicator continuously updates the plotted levels based on the latest market data, providing real-time insights.
Benefits:
Improved Market Analysis: By providing a clear view of support and resistance levels across multiple timeframes, this indicator helps traders understand market trends and price movements more effectively.
Informed Trading Decisions: The detailed plotting of levels and extensions allows traders to make more informed decisions, enhancing their trading strategies.
Versatility: Suitable for various trading styles, including intraday trading, swing trading, and long-term investing.
Instructions for Use:
Analyze the Levels: Observe the plotted high, low, and mid-levels for daily, weekly, and monthly timeframes.
Plan Your Trades: Use the identified support and resistance levels to set your entry and exit points, stop-losses, and profit targets.
Monitor the Market: Stay updated with real-time adjustments of the levels, ensuring you always have the latest market information.
Note: This indicator is designed to enhance your trading analysis by providing clear and reliable support and resistance levels. However, it should be used as part of a comprehensive trading strategy and not as the sole basis for trading decisions.
