Live Breakout Zones (No Repaint)The Live Breakout Zones indicator is a non-repainting, real-time breakout detection tool designed to help traders identify critical price breakouts as they happen — without lag and without repainting past signals.
This indicator scans recent price action to determine the highest high and lowest low over a user-defined lookback period. When price closes above the recent high or below the recent low, it immediately plots a breakout zone on the chart and provides a visual confirmation through labels and optional alerts.
🔍 Key Features:
✅ No Repainting – Signals are locked in as soon as a breakout happens; no future bar confirmation is needed.
⏱️ Minimal Lag – Reacts on breakout of recent range highs/lows without waiting for pivots or candle confirmation.
📦 Breakout Zones – Automatically draws colored rectangles showing the breakout level and zone width for clearer analysis.
🔔 Real-Time Alerts – Alerts for both bullish and bearish breakouts help you stay informed without watching the screen.
⚙️ Customizable – Adjustable lookback length, zone width, and color settings to match your strategy or chart style.
📈 Use Cases:
Identify key breakout moments for entry or retest zones.
Confirm breakout-based strategies in trending or consolidating markets.
Use zones for setting risk-reward areas, SL/TP levels, or re-entry planning.
⚙️ Settings:
Lookback Range (High/Low): Defines how many previous bars are checked for breakout levels.
Zone Width: Number of bars to extend the breakout box forward.
Bullish/Bearish Zone Color: Choose custom colors for breakout visualization.
🧠 Trading Tip:
Combine this tool with volume spikes, tail candles, or support/resistance for more reliable breakout setups.
Indicatori e strategie
SMA 5/10/30 close🧊
SMA 5/10/30 close
SMA 5/10/30 close
SMA 5/10/30 close
SMA 5/10/30 close
SMA 5/10/30 close
Market Direction Arrowsmy indicater when market is up trend they show green arrow when market is down trend they
show red arrow confirm my indicater never fail
Heatmap w/ ATRThis script combines Heatmap Volume with a scaled ATR (Average True Range) overlay for dynamic market insight. Volume bars are color-coded based on how many standard deviations they deviate from a moving average, helping identify spikes, absorption, or anomalies.
The ATR is scaled relative to the maximum volume observed to maintain visual alignment in the same pane. This allows traders to compare price volatility (ATR) against real market activity (volume) in one view.
Use this overlay to:
Spot high-volatility, high-conviction moves (rising ATR + red/orange bars)
Detect low-volume fakeouts (high ATR, cool-colored bars)
Identify compression zones before expansion (low ATR + normal volume)
Combined Indicators: RSI, DMI, ATR, EMA, SMAit is a script that adds every single type of indicator ( but not ribbons ) ...
give it your interest and try it out !!!
feel free to give it a like ...
yours truly jitendra thakur ...
Market Generated InformationCredits
Original Author: mcthatsme
Remixed to add in London's High and Low
Overview
The Market Generated Information (MGI Levels v2) is a comprehensive technical analysis. It overlays key price levels from daily, weekly, and monthly timeframes on a chart, providing traders with critical market reference points such as Open, High, Low, Close, Volume Weighted Average Price (VWAP), and standard deviation bands. These levels help traders identify potential support, resistance, and pivot points for intraday and longer-term trading strategies. The indicator is highly customizable, allowing users to tailor the displayed levels, colors, line styles, and label settings to their preferences.
Features
Multi-Timeframe Levels: Displays key price levels from daily, weekly, and monthly sessions, including Open, High, Low, Close, VWAP, and VWAP standard deviation bands (SD1, SD2, SD3).
Session-Based Calculations: Supports Regular Trading Hours (RTH) and Extended Trading Hours (ETH) for stocks and futures, with specific session times for New York, London, and overnight sessions.
Customizable Display: Users can toggle the visibility of specific levels, adjust line styles (solid, dashed, dotted), colors, thicknesses, and label settings (size, offset, and price inclusion).
Opening Range and Initial Balance: Plots the Opening Range (default: 9:30–10:00 AM EST) and Initial Balance (default: 9:30–10:30 AM EST) for intraday traders.
Tested Level Tracking: Optionally tracks untested or tested levels, hiding or showing them based on user preferences.
Overnight and T+2 Levels: Includes overnight high/low and T+2 (two days prior) levels for additional context.
VWAP Calculations: Computes VWAP and its standard deviation bands for daily, weekly, and monthly periods.
Holiday and Session Filters: Adjusts for market-specific conditions, such as Good Friday or shortened trading sessions.
Inputs and Customization
The indicator is organized into three main groups: Daily Levels, Weekly Levels, and Monthly Levels. Each group allows users to configure the following:
Visibility: Toggle whether to show levels (e.g., Show Daily Levels, Show Weekly Levels).
Session Times: Define session ranges (e.g., New York RTH: 9:30 AM–4:00 PM EST, Opening Range: 9:30–10:00 AM EST).
Line and Label Settings: Customize line colors, styles (solid, dashed, dotted), thickness, label text size (Tiny, Small, Normal, Large, Huge), label offset, and whether to include price values in labels.
Number of Periods: Specify how many previous days (1–40), weeks (1–20), or months (1–12) to display.
Tested/Untested Levels: Choose to keep untested levels or show tested levels (Open, High, Low, Close).
Timeframe for Calculations: Option to use a 30-second or 1-minute timeframe for Opening Range and Initial Balance calculations to accommodate different TradingView plans.
Key Levels
Daily Levels: Includes Current Day High/Low, Previous Day High/Low, Opening Range High/Mid/Low, Initial Balance High/Mid/Low, Globex Open, RTH Open, Midnight Open, London Open/Close/High/Low, Previous Day 50% (HL2/OC2), T+2 Open/Close/High/Low, Overnight High/Low, RTH Close, 5 PM Close, and VWAP with standard deviation bands.
Weekly Levels: Previous Week High/Low, 50% (HL2/OC2), Current Week Open, Previous Week Close, and VWAP with standard deviation bands.
Monthly Levels: Previous Month High/Low, 50% (HL2/OC2), Current Month Open, Previous Month Close, and VWAP with standard deviation bands.
Troubleshooting
Levels Not Displaying: Check if the timeframe is ≤ 30 minutes for daily levels and ensure session times are correct for your market.
Incorrect Prices: Verify that extended hours are enabled for ETH charts or disabled for RTH-only charts.
Too Many Lines/Labels: Reduce the number of previous days/weeks/months or disable unneeded levels.
Session Errors: Ensure session times are in UTC-5 (New York time) and match your asset’s trading hours.
License
This script is licensed under the Mozilla Public License 2.0. See mozilla.org for details.
Multi-Timeframe EMA Overlay [Smoothed Approximation]in.tradingview.com This indicator displays Exponential Moving Averages (EMAs) from multiple timeframes (5m, 15m, 1H, 4H, 1D) on a single chart, regardless of your current timeframe.
HOW IT WORKS
You choose a base EMA length (e.g., 20).
The script calculates equivalent lengths for other timeframes (e.g., for a 1H EMA while on a 1-minute chart: 20 × 60 = 1200 length).
These adjusted EMAs are then computed and plotted — giving a continuous, smooth curve rather than a stepped line.
KEY FEATURES
🟪 5m, 🟦 15m, 🟩 1H, 🟧 4H, 🟥 1D EMAs.
🧠 Smooth approximation — good for visual trend tracking without step lag.
🎛️ Toggle visibility for each timeframe EMA independently.
📈 Uses
Trend Confirmation:
Aligning short-term trades with higher timeframe trends (e.g., go long only when 15m & 1H EMAs are trending up).
Confluence Zones:
Price action near multiple EMA levels from different timeframes can indicate strong support/resistance zones.
Entry Filters:
Avoid trades against dominant higher timeframe trends.
Example: On a 5m chart, only go long if price > 1H EMA.
Reversal Watch:
EMA convergence or crossovers across timeframes can signal potential trend shifts.
TJR's BOS strategy 2.0 (improved version)BOS STRATEGY for the break of structures in an uptrend or a downtrend. used well for identifying wether or not strucutre has been broken to th upside or downside
PE Bands w/ Persistent EPS ProxyThis Pine Script is a valuation overlay for any stock or index, built around the idea of tracking and projecting P/E (Price-to-Earnings) multiple bands using trailing EPS and a growth assumption. Here's a full breakdown:
🔍 Purpose:
To visualize price bands based on valuation multiples (like 16x, 18x, 20x, etc.) of forward EPS, estimated from actual reported EPS over the last 4 quarters.
🧱 Core Components:
✅ @version=6
Specifies the latest Pine Script version (v6), ensuring compatibility with the newest syntax.
✅ indicator(...)
Declares a chart overlay indicator titled 'PE Bands w/ Persistent EPS Proxy', meaning the plots will appear on top of the price chart.
1. 📈 Growth Assumption Input
pinescript
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Growth = input.float(1.08, 'Growth')
User input for projected forward EPS growth (default: +8%). This models earnings growth from trailing 12 months to forward 12 months.
2. 🧮 Retrieve EPS Data
pinescript
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epsRaw = request.earnings(syminfo.tickerid, earnings.actual, gaps = barmerge.gaps_off)
Uses the built-in request.earnings() function to fetch actual EPS.
Works with any symbol that supports earnings data.
barmerge.gaps_off ensures EPS only shows on report bars (not filled in between).
3. 🧠 Persistent Memory for Last 4 EPS Values
pinescript
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var float eps1 = na
...
if not na(epsRaw)
eps4 := eps3
eps3 := eps2
eps2 := eps1
eps1 := epsRaw
Implements a shift register: keeps track of the last 4 quarterly EPS values, so it can compute a full TTM (trailing 12-month) EPS even though epsRaw only updates quarterly.
4. 📊 Trailing 12-Month EPS
pinescript
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epsTTM = na(eps1) or na(eps2) or na(eps3) or na(eps4) ? na : eps1 + eps2 + eps3 + eps4
Sums the most recent 4 quarters to get a TTM earnings proxy.
If any value is still na, the result is na.
5. 🔮 Forward EPS Estimation
pinescript
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fwdEPS = epsTTM * Growth
Projects forward EPS using a growth multiplier (1.08 = +8%).
You could customize this to vary over time (e.g., macro-modelled growth).
6. 📐 Valuation Bands
pinescript
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pe16 = fwdEPS * 16
...
pe24 = fwdEPS * 24
Calculates price levels the stock/index would be trading at under different valuation multiples of forward EPS.
These become bands: 16x, 18x, 20x, etc.
7. 📉 Plot Bands
pinescript
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plot(pe16, ...)
...
plot(pe24, ...)
Draws horizontal or sloped bands that reflect valuation ranges.
If SPX is above the 22x or 24x band, you might consider the market overvalued.
If it’s near 16x, potentially undervalued (depending on forward EPS quality).
✅ Summary:
This is a dynamic, earnings-based valuation overlay for use on equity or index charts. It uses:
Real EPS data (as it gets reported)
Persistent memory to calculate trailing 12M EPS
Growth modeling to estimate forward EPS
Price targets for different forward P/E multiples
MFI Candles MTF TableMFI Candles + Multi-Timeframe Table | by julzALGO
This open-source script visualizes the Money Flow Index (MFI) in a new format — as candles instead of a traditional oscillator line. It provides a clean, volume-driven view of momentum and pressure, ideal for traders seeking more actionable and visual cues than a typical MFI plot.
What Makes It Unique:
• Plots "MFI Candles" — synthetic candles based on smoothed MFI values using a selected timeframe (default: 1D), giving a new way to read volume flow.
• Candles reflect momentum: green if MFI rises, red if it falls.
• Background turns red when MFI is overbought (≥ 80) or green when oversold (≤ 20).
Multi-Timeframe Strength Table:
• Displays MFI values from 15m, 1h, 4h, and 1D timeframes — all in one dashboard.
• Color-coded for quick recognition: 🔴 Overbought, 🟢 Oversold.
• Values are smoothed with linear regression for better clarity.
Custom Settings:
• MFI calculation length
• Smoothing factor
• Candle source timeframe
• Toggle table and OB/OS background
How to Use:
- Use MFI Candles to monitor momentum shifts based on money flow.
- Use the Multi-Timeframe Table to identify when multiple timeframes align — helpful for timing entries and exits.
- Watch the background for extreme conditions (OB/OS) that may signal upcoming reversals or pressure exhaustion.
Happy Trading!
Market Opening & Closing TimesThis indicator highlights the opening and closing times of major global markets (NYSE, LSE, Tokyo) on any chart timeframe. Users can toggle the display of lines and labels, and customize colors per market.
Features:
Toggle each market’s Open/Close separately
Global toggles: Show/Hide all lines or labels
Customizable colors for NYSE, LSE, and Tokyo markers
Accurate event detection using timezone-aware timestamp checks within each bar
Annualized Historical VolatilityAnnualized, realized vol calculated as
hv = std_dev(log returns) x sqrt(trading periods)
Breakout Strength Radar🚀 What It Does:
The Breakout Strength Radar tells you:
✅ Trend direction: Bullish / Bearish / Neutral
✅ Trend slope: Rising / Falling / Flat
→ Is the trend gaining strength or fading?
✅ Momentum: Strong Bullish / Strong Bearish / Neutral
→ Is there fuel behind the move?
✅ Volatility condition: Expanding / Contracting / Stable
→ Is the market opening up (breakout likely) or squeezing (consolidation)?
✅ Breakout Watch:
→ Tells you when the market just shifted from a squeeze to expansion — this is prime breakout territory.
🏗️ How It Works Under The Hood:
📈 Trend:
→ Compares EMA 50 vs EMA 200. Standard institutional trend filter.
⛰️ Slope:
→ Checks whether EMA50 is rising, falling, or flat based on its slope over the past 5 bars.
🚀 Momentum:
→ Uses RSI:
→ RSI > 55 → Momentum Bullish
→ RSI < 45 → Momentum Bearish
→ RSI between 45-55 → Neutral / No strong pressure
🌪️ Volatility:
→ Uses Bollinger Band Width (BB Width):
→ Expanding → Breakouts, volatility rising.
→ Contracting → Squeeze, compression, range.
💥 Breakout Watch:
→ Triggers when volatility was contracting for 5 candles → then starts expanding.
→ This often precedes massive directional moves.
🎯 How to Use It for Swing Trades:
🔥 Prime Swing Setup Checklist:
→ ✅ Trend: Bullish or Bearish (no Neutral).
→ ✅ Slope: Rising (Bull) or Falling (Bear).
→ ✅ Momentum: Strong Bullish or Strong Bearish.
→ ✅ Volatility: Expanding.
→ ✅ Breakout Watch: Active → If it just flipped from contraction to expansion, this is often the start of the move.
→ → This is a high-conviction swing setup.
🔥 Swing Entry Example (Long):
→ Trend: Bullish
→ Slope: Rising
→ Momentum: Strong Bullish
→ Volatility: Expanding
→ Breakout Watch: Active (optional but ideal)
→ ✅ → Look for pullbacks to support zones, moving averages, or breaks of recent highs.
→ Entry → On pullback confirmation or breakout candle.
→ Stop → Below swing low / ATR stop.
→ TP → Based on Risk/Reward or prior highs.
🔥 Swing Entry Example (Short):
→ Trend: Bearish
→ Slope: Falling
→ Momentum: Strong Bearish
→ Volatility: Expanding
→ ✅ Ideal when price is breaking down from a squeeze or retesting failed support.
🚫 Avoid Trades When:
Trend is Neutral.
Slope is Flat.
Volatility is Contracting.
Momentum is Neutral.
→ These are chop conditions → low win rate → avoid.
🧠 Pro Tips:
📊 Combine it with structure: Use it with supply/demand, support/resistance zones, or liquidity levels.
⏳ Hold during expansions: As long as Volatility = Expanding, the move often continues.
🚩 Exit or tighten stops if: Volatility contracts and slope flattens → move may be done.
🔥 Breakout Watch Active: Means a squeeze just broke → often the start of large moves.
🏆 Bottom Line:
→ This tool isn’t about buy/sell signals.
→ It’s a market condition scanner that tells you:
“Is this a time to hunt aggressive swing trades or stand down?”
→ When all conditions align → You have a high-probability trade environment.
Fair Value Gap (FVG) Detector — ICT SMC BasedThis is an open-source Fair Value Gap (FVG) indicator, based on the principles taught in ICT (Inner Circle Trader) and Smart Money Concepts (SMC). It identifies imbalances or inefficiencies in price action where the body/wick of the middle candle in a three-candle formation does not overlap with the first and third candles.
🔹 What is an FVG?
An FVG is formed when there is a price imbalance, typically between three consecutive candles:
A bullish FVG forms when the low of candle 1 is above the high of candle 3.
A bearish FVG forms when the high of candle 1 is below the low of candle 3.
These gaps are believed to represent areas of institutional activity and are often used as potential entries, targets, or reaction zones.
🔹 Features:
Detects both bullish and bearish FVGs
Clean chart visuals using colored boxes
Adjustable box opacity and text alignment
Option to show or hide filled FVGs
Optional filter to only display gaps above a minimum size (e.g., 100 points)
Multi-timeframe support (if enabled in script settings)
Box label customization (text alignment: center/left/right)
🔹 How to Use:
Use the indicator on any timeframe or instrument
Larger gaps may indicate stronger price inefficiencies
Combine with market structure, liquidity zones, or order blocks for confirmation
This version is open-source, so traders can view and adapt the logic as needed.
The indicator is designed for transparency, education, and clarity of Smart Money Concepts.
MABB55 Full-CrossIndicates when the MABB55 crosses the:
MABB13
MABB21
EMA8
When a full crossover happens, where the long-term average (MABB 55) moves above or below the faster ones (EMA 8, MABB 13, and 21) it means the trend has shifted so strongly and consistently that it overcomes short-term price movement. That kind of shift usually signals a trend reversal.
Bullish reversals with the MABB55 crossing from above, indicated by a green arrowl.
Bearish reversals with the MABB55 crossing from below, indicated by a red arrow.
Position Trading Strategy - EMA + FVGMulti-Timeframe Momentum & Pattern Recognition System
This comprehensive trading indicator combines multiple technical analysis components to identify high-probability entry and exit signals for Bitcoin and other assets. The system utilizes:
LuxAlgo Fair Value Gap Detection - Identifies institutional order flow imbalances
Hull Suite & MACD Integration - Confirms trend direction and momentum shifts
Pyramid Scoring System - Ranks signal strength using multiple confluences
Smart Position Management - Provides clear long/short entry and exit alerts
Visual Market Structure - Displays key support/resistance levels and gap zones
The indicator generates scored signals based on the alignment of trend, momentum, and market structure, helping traders identify optimal entry points while managing risk through systematic exit conditions. Perfect for swing trading and scalping strategies on multiple timeframes.
Best Used For: BTC/USD, major forex pairs, and liquid cryptocurrency markets
Recommended Timeframes: 5M, 15M, 1H for optimal signal accuracy
Market Strength Dashboard🚀 What It Does:
The indicator gives you a real-time dashboard showing three things:
✅ Trend Direction
Uses EMA 50 vs EMA 200.
Bullish: EMA 50 is above EMA 200 → Price favors upside swing.
Bearish: EMA 50 is below EMA 200 → Price favors downside swing.
Neutral: EMAs are equal → No clear trend.
✅ Momentum Strength
Uses RSI (Relative Strength Index).
Strong Bullish: RSI > 55 → Buyers in control.
Strong Bearish: RSI < 45 → Sellers in control.
Neutral: RSI between 45–55 → No strong momentum, usually sideways or uncertain.
✅ Volatility State (Expansion/Consolidation)
Uses Bollinger Band Width.
Measures if price is:
Expanding: BB Width increasing → Market opening up, volatility rising, often precedes large moves or breakouts.
Contracting: BB Width shrinking → Market compressing, often leads to tight ranges or consolidation.
Stable: No change in BB Width → Range behavior or calm trend.
🔥 How It Works Behind the Scenes:
EMA Cross Check:
→ Looks at whether the faster EMA (50) is above or below the slower EMA (200).
RSI Scan:
→ Reads current RSI level to determine momentum strength.
Bollinger Band Width Scan:
→ Calculates the distance between the upper and lower Bollinger Bands to detect if price is expanding or compressing.
Dashboard Output:
→ Combines all this into a floating label on the chart like:
“Trend: Bullish | Momentum: Strong Bullish | Volatility: Expanding”
🏆 How to Use It — Simple Rules for Swing or Day Trading:
🔥 Ideal Swing Trade Setup:
→ ✅ Trend: Bullish
→ ✅ Momentum: Strong Bullish
→ ✅ Volatility: Expanding
→ → Take long setups → pullbacks to EMA50 or previous highs → ride the trend.
→ ❌ If Trend is Neutral or Volatility is Contracting, skip the trade — market is chopping.
🔥 Ideal Day Trade Setup:
Look for Volatility Expanding → confirms active session/move.
Pair it with either Trend Bullish + Momentum Bullish for longs
→ Or Trend Bearish + Momentum Bearish for shorts.
🔥 When Not to Trade:
Trend Neutral + Momentum Neutral + Contracting Volatility → Sideways chop → No trade zone.
🔥 Breakout Watch Strategy:
When volatility shifts from Contracting → Expanding, expect a breakout.
→ Look for the first candle that pushes away from the Bollinger squeeze.
📊 How To Combine With Other Setups:
→ ✅ Add this dashboard to any chart to instantly know:
Should I be thinking up, down, or neither?
Is this market about to move big or stay stuck?
Pair it with:
Your price action entries.
Support/resistance levels.
Candle patterns.
Trendline or liquidity breaks.
🧠 Bottom Line:
→ This is a market condition scanner, not a signal generator.
→ It tells you: “Should I trade? What’s the direction? Is the market moving or stuck?”
→ You still choose the entry — this tool tells you when conditions are ideal or not.
STRENGTH INDEX / Impulse SystemSTRENGTH INDEX / Impulse System Indicator
Developed by Marcelo Ulisses Sobreiro Ribeiro
This powerful TradingView indicator combines two distinct trading approaches in one versatile tool:
1. STRENGTH INDEX (Multiple EMA System)
The first section features a unique configuration of 17 exponential moving averages designed to identify market strength and trend direction. The system includes:
Core EMAs (6, 21, and 34 periods) plotted with distinct colors and weights
A dense cluster of 14 additional EMAs (7-20 periods) that create a "zone of strength"
2. Impulse System (Based on Dr. Alexander Elder's Work)
The second section implements a modified version of Dr. Alexander Elder's famous Impulse System from his classic book Trading for a Living, featuring:
Color-coded bars (green/red/blue) based on trend strength
Customizable MACD parameters (12,26,9 by default)
Optional moving average (SMA/EMA/WMA/VWMA) with adjustable periods
EMA baseline (13-period default) for trend identification
Key Features:
Switch between systems with one click
Fully customizable parameters
Clean visual presentation with adjustable line weights
Maximum 500 plotted lines for performance optimization
This indicator is ideal for traders who want to:
✔ Identify strong trends using the EMA cluster
✔ Follow the market's impulse with Elder's proven system
✔ Customize their analysis with multiple technical tools
Tip: Use the STRENGTH INDEX for trend identification and the Impulse System for entry/exit timing.
ROGUE ICT PRORogue ICT PRO — Smart Money Confluence Tool
The Rogue ICT Buy/Sell indicator is a precision-built, multi-confirmation tool inspired by Inner Circle Trader (ICT) concepts. It identifies high-probability trade setups using market structure, fair value gaps, killzone sessions, and higher timeframe trend alignment.
✅ Core Features
🔹 Market Structure Shift (MSS)
Detects clean breaks of swing highs or lows, indicating potential trend continuation or reversal.
🔹 Fair Value Gap Detection (FVG)
Automatically highlights institutional imbalances — essential ICT confluence zones.
🔹 Smart Killzone Filtering
Signals only trigger during high-liquidity sessions:
Asian (19:00–22:00)
London (02:00–05:00)
New York (07:00–10:00)
Each session is color-highlighted on the chart.
🔹 HTF EMA Bias Filter
Only trades in the direction of the Higher Timeframe 50 EMA (e.g., 1H on 5M chart). This ensures entries align with institutional directional bias. I have default set to the Daily 9 EMA but can be changed to your preference.
🔹 ATR-Based Stop Loss & Take Profit Lines
SL is calculated using ATR × multiplier
TP is placed using a customizable Risk-Reward Ratio
Both levels are plotted on the chart with "SL" and "TP" labels.
🔹 Cooldown Logic
Prevents overtrading by requiring a minimum number of bars between each signal.
volatility-adjusted breakout envelopethis indicator is designed to help traders visually identify potential entry and exit points based on volatility-adjusted price thresholds. it works by calculating a dynamic expected price move around the previous close using historical volatility data smoothed by exponential moving averages to reduce noise and present a clear range boundary on the chart.
the indicator first computes the logarithmic returns over a user-defined lookback period and calculates the standard deviation of these returns, which represents raw volatility. it annualizes this volatility according to the chart timeframe selected, then uses it to estimate an expected price movement for the current timeframe. this expected move is smoothed to avoid sudden spikes or drops that could cause confusing signals.
using this expected move, the indicator generates two key threshold lines: an upper threshold and a lower threshold. these lines create a volatility-based range around the smoothed previous close price. the thresholds themselves are further smoothed with exponential moving averages to produce smooth, easy-to-interpret lines that adapt to changing market conditions without being choppy.
the core trading signals are generated when the price closes outside of these smoothed threshold ranges. specifically, a long entry signal is indicated when the price closes above the upper threshold for the first time, signaling potential upward momentum beyond normal volatility expectations. a short entry signal occurs when the price closes below the lower threshold for the first time, indicating potential downward momentum.
once an entry signal is triggered, the indicator waits for the price to close back inside the threshold range before signaling an exit. when this occurs, an exit marker is displayed to indicate that the price has returned within normal volatility bounds, which may suggest that the previous trend is losing strength or the breakout has ended.
these signals are visually represented on the chart using small shapes: triangles pointing upwards mark the initial long entries, triangles pointing downwards mark short entries, and x shapes mark the exits for both long and short positions. the colors of these shapes are customizable to suit user preferences.
to use this indicator effectively, traders should watch for the first close outside the smoothed volatility range to consider entering a position in the breakout direction. the exit signals help identify when price action reverts back into the expected range, which can be used to close or reduce the position. this method emphasizes trading breakouts supported by statistically significant moves relative to recent volatility while providing a clear exit discipline.
this indicator is best applied to intraday or daily charts with consistent volatility and volume characteristics. users should adjust the volatility lookback period, smoothing factor, and trading session times to match their specific market and trading style. because it relies on price volatility rather than fixed price levels, it can adapt to changing market conditions but should be combined with other analysis tools and proper risk management.
overall, this indicator provides a smoothed, dynamic volatility envelope with clear visual entry and exit cues based on first closes outside and back inside these envelopes, making it a helpful assistant for manual traders seeking to capture statistically significant breakouts while maintaining disciplined exits.
Camarilla Pivot LevelsThis script plots Camarilla Pivot Levels directly on your chart, helping you visualize key intraday support and resistance zones based on the prior day’s high, low, and close.
📌 Features:
Auto-plots R1–R6, S1–S6, and the Pivot Point (PP).
Clear color-coded support/resistance lines with labels.
Built for day traders using Camarilla formulas.
Pulls data from the prior day's values on the daily timeframe.
📈 How I Use It (My Strategy):
Each morning:
I draw a manual box around the key pivot levels (R1–R6 / S1–S6) — 1 point above and 1 point below each line.
I look for:
✅ A green candle wick into a lower box (S-levels) → I go long, take profit at the next higher box, stop loss at the bottom box.
🔻 A red candle wick into an upper box (R-levels) → I go short, take profit at the next lower box, stop loss at the top box.
Entry is only valid if the wick touches or enters the box — not if it breaks clean through.
🖼️ See the attached chart image for a live example of the strategy in action.
