Indicatori e strategie
ICT Gold Strategy by ViB3ZGold Market ICT Indicator
The Gold Market ICT Indicator is designed to help traders identify key levels and price action patterns commonly used in Inner Circle Trader (ICT) strategies, specifically tailored for the gold market (XAU/USD). This indicator aims to simplify the process of recognizing potential buy and sell zones, optimal entry points, and important market structure shifts in real time.
Key Features:
Liquidity Pools: The indicator highlights potential liquidity pools around key price levels. These pools are critical as they represent areas where stop orders, buy/sell orders, or institutional interest might be concentrated, often leading to significant market moves.
ICT Market Structure: The indicator marks various phases of the market structure, including:
Higher Highs and Higher Lows (Bullish Structure)
Lower Highs and Lower Lows (Bearish Structure)
Break of Structure (BoS): A break in market structure indicating a potential reversal or continuation.
Order Blocks: These are areas where institutional orders may have caused a shift in market structure. The indicator highlights both bullish and bearish order blocks that serve as potential support or resistance zones.
Fair Value Gaps (FVG): The indicator displays Fair Value Gaps, which are often areas of imbalance between the buyers and sellers in the market. These gaps can provide insight into potential price action as the market attempts to "fill" these gaps.
ICT Kill Zones: The indicator marks the time frames during which institutional activity tends to be higher. These are the key windows (such as the London or New York session open) when price volatility and movement are typically more pronounced, increasing the probability of accurate setups.
Optimal Trade Entry (OTE): The indicator calculates and marks the potential Optimal Trade Entry zones, which are derived from the Fibonacci retracement levels and aligned with institutional order flow. These zones help traders spot the most favorable risk-to-reward entry points.
Candle Patterns and Price Action Signals: The ICT Gold Market Indicator also recognizes price action signals, such as reversal candles or continuation patterns, that may indicate potential shifts in trend or upcoming moves in the market.
Usage Tips:
Traders should focus on trading when price is approaching highlighted order blocks, liquidity pools, or FVGs, especially during the ICT Kill Zone periods for higher probability setups.
Use additional confirmation like price action signals or market structure breaks (BoS) to increase trade accuracy.
Always consider the broader market context, including the overall trend direction indicated by the ICT market structure, before taking positions.
This indicator is designed to bring the power of the ICT methodology directly to your charts, simplifying decision-making and improving your trading edge in the gold market.
EMA Ribbon + Volume Profile (Combined Indicator)I combine the Volume Profile script from kv4coins () with EMA Ribbon (inspired by @mondays_range on X).
⚠️ Only enable the buy signal plot on the total market cap chart like TOTAL, TOTAL2, TOTAL3, or OTHERS. The bigger the tier, the better the signal. This is the first version, I will update this gradually when I have time.
Always DYOR. Don't trust, verify!
The Commitment of Traders (COT) IndexThe COT Index indicator is used to measure the positioning of different market participants (Large Traders, Small Traders, and Commercial Hedgers) relative to their historical positioning over a specified lookback period. It helps traders identify extreme positioning, which can signal potential reversals or trend continuations.
Key Features of the Indicator:
COT Data Retrieval
The script pulls COT report data from the TradingView COT Library TradingView/LibraryCOT/3).
It retrieves long and short positions for three key groups:
Large Traders (Non-commercial positions) – Speculators such as hedge funds.
Small Traders (Non-reportable positions) – Small retail traders.
Commercial Hedgers (Commercial positions) – Institutions that hedge real-world positions.
Threshold Zones for Extreme Positioning:
Upper Zone Threshold (Default: 90%)
Signals potential overbought conditions (excessive buying).
Lower Zone Threshold (Default: 10%)
Signals potential oversold conditions (excessive selling).
The indicator plots these zones using horizontal lines.
The COT Index should be used in conjunction with technical analysis (support/resistance, trends, etc.). A high COT Index does not mean the market will reverse immediately—it’s an indication of extreme sentiment.
Note:
If the script does not recognize or can't find the ticker currently viewed in the COT report, the COT indicator will default to U.S. Dollar.
Key Levels Theory with Boxes v3Key Levels Theory with Boxes
This script helps traders visualize important price levels and mark them with lines and boxes on a chart. The lines represent key whole number levels, and the boxes give you a visual reference to see how price interacts with these levels. This tool can be used to track support/resistance areas and anticipate price movement based on round numbers.
Key Functions:
Lines:
The script draws horizontal lines at key price levels (e.g., 2850, 2855, 2860, etc.) starting from a defined "start level."
The lines are dashed by default and their appearance can be customized (color, style, width).
Boxes:
For each level, a box is drawn above and below the line.
The size of the box is fixed (1.5 units above and below the level) and it can be customized to any other interval.
The box is filled with a green color by default, with 5% opacity, so it doesn’t overpower the chart but still provides a visual reference.
Customizable Inputs:
Start Level: The starting price level from which all other levels will be calculated (e.g., 2850).
Number of Levels: How many levels of lines and boxes you want to display (e.g., 6 levels).
Box Interval: The distance above and below each level to define the size of the boxes (default is 1.5).
Line Style: The appearance of the lines (solid, dotted, or dashed).
Line Color: The color of the lines (default is white).
Line Width: The width of the lines (default is set to 0 for a cleaner look).
Box Color: The color of the boxes (default is green with 5% opacity).
What Does It Do?
Visualizes price levels: The script plots key price levels and helps traders easily identify where price is currently at, relative to whole number levels.
Marks support/resistance: These levels often act as psychological price points, making them useful for spotting potential support or resistance.
Helps with trade decisions: By seeing how the price behaves around these key levels, traders can make more informed decisions about entering or exiting positions.
The Up or Down Indicator (TUDI)The Up or Down Indicator
This indicator provides a comprehensive view of trend direction, strength, potential breakout opportunities, as well as trend reversals, helping traders quickly assess the market's overall bias and identify potential entry points.
Key Features:
Directional Bias Line: A color-coded line (seafoam green for uptrend, coral red for downtrend, and orange for transition) that visually represents the current trend direction. The saturation of the color indicates the strength or momentum of the trend.
Confirmation Dots: Seafoam green dots appear at the bottom of the chart to confirm potential bullish moves, while coral red dots appear at the top to confirm potential bearish moves. The saturation of the dot colors indicates the momentum.
Background Color: A subtle seafoam green or coral red background shading provides an additional visual cue for the overall trend direction.
Squeeze Arrows: White arrows (upward and downward pointing) appear when a squeeze (Bollinger Bands inside Keltner Channels) and high volume are detected, suggesting a potential breakout. Upward arrows indicate potential long breakouts, while downward arrows indicate potential short breakouts.
How to Use:
Follow these steps to effectively use the Up or Down Indicator:
1. Identify the Primary Trend: Use the Directional Bias Line to determine the overall trend direction.
- Seafoam green = Uptrend (stronger as the green becomes more saturated)
- Coral red = Downtrend (stronger as the red becomes more saturated)
- Orange = Caution, Potential Trend Change (suggesting you should tighten stops or wait for further confirmation)
2. Watch for Confirmation Signals: Look for Confirmation Dots to confirm potential bullish or bearish moves.
- Increasing saturation in dots = Growing momentum
3. Anticipate Breakouts: Use Squeeze Arrows to anticipate potential breakouts.
- Upward arrow during uptrend = Potential strong continuation
- Downward arrow during downtrend = Potential strong continuation
4. Confirm Signals: Always consider the overall market context and use other indicators or analysis techniques to confirm signals before making any trading decisions.
Disclaimer:
This indicator is for informational purposes only and should not be used as the sole basis for making trading decisions. Trading involves risk, and past performance is not indicative of future results. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
*VIP*Trend Lines, Breakouts, Triangles, Volume*VIP*Script Overview
This script provides an automated analysis of price action by identifying key technical patterns and signals. It includes trend lines, breakout alerts, triangle formations, volume analysis, candlestick patterns, and Fibonacci levels to assist with trading decisions.
Features & Functionality
📈 Trend Lines : A sloping trend line is drawn from the first bar, extending to the right. Price breakouts above or below this line are automatically flagged.
🚀 Breakout Patterns : When the price crosses the trend line, a “Take Profit Here” label is placed to highlight potential trading opportunities.
🔺 Triangle Patterns : Simulated triangle formations are drawn using horizontal lines to mark the top and bottom boundaries.
📊 Volume Analysis : Volume spikes are detected when the trading volume exceeds twice the 20-period SMA of volume.
🕯 Candlestick Patterns : Key reversal patterns like bullish and bearish engulfing formations are identified and marked on the chart.
📌 Support & Resistance Levels : Major price levels are automatically identified and plotted as dotted lines.
📐 Fibonacci Levels : Fibonacci retracement and extension levels are calculated and displayed for trend-based analysis.
How to Use
1️⃣ Add the script to your TradingView chart.
2️⃣ Adjust parameters (e.g., trend line slope, Fibonacci levels) to fit your trading strategy.
3️⃣ Look for signals like breakout alerts, volume spikes, and candlestick patterns to guide your trading decisions.
4️⃣ Customize further if needed—this script serves as a foundation for your personalized trading analysis.
If you have suggestions i am open to them.
Color candle by time
This indicator, written in Pine Script v5, allows you to highlight candles (using a user-selected color) that fall within a user-defined time range. Candles outside this range maintain their original appearance.
How it Works and Key Benefits:
- Time Interval Customization: By specifying start and end hours/minutes, you can emphasize only the desired market session.
- Choice of Preferred Color: The body, wicks, and borders of the candles within the selected range are uniformly colored, based on the user’s chosen tone.
- Enhanced Focus on Price Action: By focusing on the most relevant trading hours, your analysis becomes more streamlined and intuitive, without altering the rest of the session’s candle appearance.
!! DO NOT FORGET TO SELECT THE OPTION: 'BRING TO FRONT' IN THE INDICATOR'S VISUAL ORDER !!
Gold Scalp p6 v1open sourced and updated script from 2018 to pine6
posting this for now may update in the future
Raja_MTF_RSI_StrategyLong when lower timeframe RSI is in oversold region and higher timeframe RSI is also in oversold region. Similarly short when lower timeframe RSI is in overbought region and higher timeframe RSI is also in overbought region.
Fibonacci Pivot ProportionsFibonacci Pivot Proportions Indicator
The Fibonacci Pivot Proportions indicator is designed to identify and mark Fibonacci ratio levels between pivot high and pivot low points on the chart. It calculates the price range between two consecutive pivot points (high to low or vice versa) and applies common Fibonacci retracement and extension levels:
23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%, 123.6%, 161.8%, 261.8%
Features:
Detects pivot highs and lows automatically.
Draws thin lines representing Fibonacci levels between pivot points.
Displays percentage labels at each Fibonacci level.
Allows customization of pivot length, line colors, label colors, and text size.
Assigns different colors to each Fibonacci ratio for better visualization.
This indicator helps traders analyze price movements and identify potential support and resistance levels based on Fibonacci proportions.
Al Brooks Price Action with MACD Signals - Strategy - Rev 0.0This code implements a trading strategy based on AL Brooks' price action principles , incorporating MACD (Moving Average Convergence Divergence) signals for confirmation. The strategy aims to identify potential buy and sell opportunities by analyzing price movements relative to a moving average and the MACD indicator.
I. Introduction:
Trading strategy based on Al Brooks' price action and MACD.
Designed for TradingView platform.
II. Inputs (User-Defined Parameters):
length: Moving average length.
riskRewardRatio: Risk/reward ratio for trades.
stopLossBuffer: Stop-loss buffer percentage.
candleType: Price source (close or open).
III. Indicators:
sma: Simple Moving Average (calculated based on length).
macdLine, signalLine: MACD lines (using standard 12, 26, 9 periods).
price: Price used for calculations (either close or open based on candleType).
IV. Trend Identification:
uptrend: Price > SMA.
downtrend: Price < SMA.
V. Signal Generation:
buySignal: Uptrend AND macdLine > 0 AND macdLine crosses above signalLine.
sellSignal: Downtrend AND macdLine < 0 AND macdLine crosses below signalLine.
VI. Trade Execution:
Buy (Long) Entry:
Triggered by buySignal.
longStopLoss: Calculated based on close price and stopLossBuffer.
longTakeProfit: Calculated based on close price, longStopLoss, and riskRewardRatio.
strategy.entry("Buy", strategy.long): Enters a long position.
strategy.exit("Take Profit", "Buy", limit=longTakeProfit, stop=longStopLoss): Sets take-profit and stop-loss orders.
Sell (Short) Entry:
Triggered by sellSignal.
shortStopLoss: Calculated based on close price and stopLossBuffer.
shortTakeProfit: Calculated based on close price, shortStopLoss, and riskRewardRatio.
strategy.entry("Sell", strategy.short): Enters a short position.
strategy.exit("Take Profit", "Sell", limit=shortTakeProfit, stop=shortStopLoss): Sets take-profit and stop-loss orders.
VII. Position Closing:
strategy.close("Sell"): Closes any open short positions when neither buySignal nor sellSignal is active.
strategy.close("Buy"): Closes any open long positions when neither buySignal nor sellSignal is active.
VIII. Visualizations (Plots):
plotarrow: Plots buy (green) and sell (red) signals as arrows.
plot: Plots SMA (blue), support (green stepline), and resistance (red stepline) levels. Support and resistance are based on the lowest and highest prices over the length period.
IX. Alerts:
alertcondition: Triggers alerts for buy and sell signals.
X. Licensing:
Mozilla Public License 2.0.
Key Zones by Pho Wall (Tuan Support)Giới thiệu về Script "Key Zones by Pho Wall"
Script "Key Zones by Pho Wall" là một công cụ phân tích kỹ thuật mạnh mẽ được thiết kế để giúp nhà đầu tư xác định các vùng giá quan trọng (Key Zones) trên biểu đồ, từ đó hỗ trợ việc ra quyết định giao dịch hiệu quả hơn. Công cụ này tập trung vào việc hiển thị các mức hỗ trợ và kháng cự động, kết hợp với tín hiệu mua/bán rõ ràng và trực quan.
Tính năng chính của Script:
Xác định vùng giá quan trọng (Key Zones):
HOTT (High Optimized Trading Threshold): Vùng giá cao tối ưu, thường được sử dụng để xác định điểm bán (Sell).
LOTT (Low Optimized Trading Threshold): Vùng giá thấp tối ưu, thường được sử dụng để xác định điểm mua (Buy).
Hai vùng này được tính toán dựa trên các chỉ báo động (Moving Averages) và hệ số tối ưu hóa, giúp nhà đầu tư nắm bắt được xu hướng giá hiện tại.
Tín hiệu giao dịch rõ ràng:
Tín hiệu Mua (BUY): Xuất hiện khi giá vượt lên trên vùng HOTT.
Tín hiệu Bán (SELL): Xuất hiện khi giá rơi xuống dưới vùng LOTT.
Các tín hiệu này được hiển thị trực tiếp trên biểu đồ bằng các nhãn "BUY" (màu xanh lá) và "SELL" (màu đỏ), giúp nhà đầu tư dễ dàng nhận biết.
Màu sắc trực quan:
Nến được tô màu xanh dương hoặc hồng tùy thuộc vào vị trí giá so với các vùng HOTT và LOTT, giúp bạn nhanh chóng đánh giá trạng thái thị trường.
Vùng giữa HOTT và LOTT được làm nổi bật bằng màu tím nhạt, giúp bạn dễ dàng nhận diện khu vực "tranh chấp" giữa phe mua và phe bán.
Tùy chỉnh linh hoạt:
Nhà đầu tư có thể tùy chỉnh các tham số như chu kỳ tính toán (OTT Period), hệ số tối ưu hóa (Optimization Coeff) và loại đường trung bình động (Moving Average Type) để phù hợp với phong cách giao dịch cá nhân.
Hỗ trợ nhiều loại đường trung bình động phổ biến như SMA, EMA, WMA, HULL, ZLEMA, v.v.
Cảnh báo tự động (Alerts):
Script cung cấp cảnh báo mua/bán tự động khi giá cắt qua vùng HOTT hoặc LOTT, giúp bạn không bỏ lỡ các cơ hội giao dịch quan trọng.
Lợi ích khi sử dụng Script này:
Tăng hiệu quả giao dịch: Giúp bạn dễ dàng xác định các điểm vào/ra lệnh tiềm năng với độ chính xác cao.
Hỗ trợ quản lý rủi ro: Các vùng giá HOTT và LOTT đóng vai trò như các mức hỗ trợ/kháng cự động, giúp bạn đặt Stop Loss hoặc Take Profit hợp lý.
Trực quan và dễ sử dụng: Với giao diện rõ ràng, màu sắc nổi bật và tín hiệu giao dịch trực tiếp trên biểu đồ, công cụ này phù hợp cho cả nhà đầu tư mới và chuyên nghiệp.
Cách sử dụng Script:
Thêm Script vào biểu đồ:
Sao chép mã Script vào Pine Editor trên TradingView và nhấn "Add to Chart".
Tùy chỉnh tham số:
Điều chỉnh các tham số như chu kỳ OTT, hệ số tối ưu hóa, và loại đường trung bình động để phù hợp với khung thời gian và chiến lược giao dịch của bạn.
Theo dõi tín hiệu:
Quan sát các vùng HOTT (đường xanh) và LOTT (đường đỏ).
Khi xuất hiện tín hiệu "BUY" hoặc "SELL", cân nhắc thực hiện giao dịch theo xu hướng.
Kích hoạt cảnh báo:
Thiết lập cảnh báo tự động để nhận thông báo khi có tín hiệu mua/bán.
Kết luận:
Script "Key Zones by Pho Wall" là một công cụ mạnh mẽ giúp nhà đầu tư xác định các vùng giá quan trọng và tín hiệu giao dịch một cách trực quan, dễ hiểu. Với sự hỗ trợ của công cụ này, bạn có thể nâng cao hiệu quả giao dịch, quản lý rủi ro tốt hơn và tự tin hơn khi tham gia thị trường.
Hãy thử áp dụng ngay hôm nay để trải nghiệm sự khác biệt! 🚀
Gap Detection Indicator V.1This indicator is designed to detect gaps between candles on the chart. It detects all gaps that are higher than the specified percentage setting, draws a line passing through only the starting and ending points of the last gap, and paints between these lines.
If any candle closes above the gap starting level, the lines between the lines are colored green; If any candle closes below the gap starting level, the lines between the lines are colored red.
UPDATE1:
In addition, two more gap levels were added. A date range was added to enable control within the specified date range.
TrueCandlesThis script analyses the activities in a script to identify the actual strength of activity displayed by a candle and measure that strength.
Auto sessions DrawThe Auto Sessions indicator is an advanced, lightweight, and highly efficient tool for automatically displaying trading sessions on your chart. 🎯 Designed for precision and ease of use, this indicator helps traders track the New York, London, Tokyo, and Sydney sessions effortlessly.
💡 Key Features:
✅ Lightweight & Optimized – Runs smoothly without slowing down your chart.
✅ Supports Decimal Time Zones – Perfect for countries like Iran (+3.5) and India (+5.5).
✅ Session Range Highlighting – Clearly marks the price range of each session for better analysis.
✅ Fully Customizable – Modify colors, transparency, session names, and divider lines to suit your style.
✅ Works on All Timeframes – From 1-minute to 1-month charts, ensuring accurate display.
✅ Option to Use Exchange Time Zone – Aligns with your broker’s timezone for enhanced accuracy.
✅ Clean & Professional Design – A clutter-free, intuitive interface that enhances readability.
⚡ With Auto Sessions, you no longer need to manually calculate session times! This fully automated tool detects your time zone and accurately plots global trading sessions on your chart. The result? Faster, more precise, and professional technical analysis! 🚀
Engulfing Bar Tally Indicator with Win Ratetesting Omar agag's (insta: @train_and_trade Engulfing Bar theory). Still high probability but not as high as described.
Opening Range Breakout (ORB)This is an Opening Range Break indicator. Best if used on a 5 minute chart. It plots the opening 30 minutes high and low of a ticker. (meaning mostly for stocks, options, etfs) and then it alerts a buy signal upon break of opening high and a sell signal upon break of opening low. This is a day trading type of indicator and there is a new opening range everyday.
MMD Bands + Ema cloudsTwo indicators combining in one.
MMD magic clouds + Ema clouds
You can color space between SMA and MA to create cloud/ribbon
Sma Indicator with Ratio (pr)SMA Indicator with Ratio (PR) is a technical analysis tool designed to provide insights into the relationship between multiple Simple Moving Averages (SMAs) across different time frames. This indicator combines three key SMAs: the 111-period SMA, 730-period SMA, and 1400-period SMA. Additionally, it introduces a ratio-based approach, where the 730-period SMA is multiplied by factors of 2, 3, 4, and 5, allowing users to analyze potential market trends and price movements in relation to different SMA levels.
What Does This Indicator Do?
The primary function of this indicator is to track the movement of prices in relation to several SMAs with varying periods. By visualizing these SMAs, users can quickly identify:
Short-term trends (111-period SMA)
Medium-term trends (730-period SMA)
Long-term trends (1400-period SMA)
Additionally, the multiplied versions of the 730-period SMA provide deeper insights into potential price reactions at different levels of market volatility.
How Does It Work?
The 111-period SMA tracks the shorter-term price trend and can be used for identifying quick market movements.
The 730-period SMA represents a longer-term trend, helping users gauge overall market sentiment and direction.
The 1400-period SMA acts as a very long-term trend line, giving users a broad perspective on the market’s movement.
The ratio-based SMAs (2x, 3x, 4x, 5x of the 730-period SMA) allow for an enhanced understanding of how the price reacts to higher or lower volatility levels. These ratios are useful for identifying key support and resistance zones in a dynamic market environment.
Why Use This Indicator?
This indicator is useful for traders and analysts who want to track the interaction of price with different moving averages, enabling them to make more informed decisions about potential trend reversals or continuations. The added ratio-based values enhance the ability to predict how the market might react at different levels.
How to Use It?
Trend Confirmation: Traders can use the indicator to confirm the direction of the market. If the price is above the 111, 730, or 1400-period SMA, it may indicate an uptrend, and if below, a downtrend.
Support/Resistance Levels: The multiplied versions of the 730-period SMA (2x, 3x, 4x, 5x) can be used as dynamic support or resistance levels. When the price approaches or crosses these levels, it might indicate a change in the trend.
Volatility Insights: By observing how the price behaves relative to these SMAs, traders can gauge market volatility. Higher multiples of the 730-period SMA can signal more volatile periods where price movements are more pronounced.
Volatility Arbitrage Spread Oscillator Model (VASOM)The Volatility Arbitrage Spread Oscillator Model (VASOM) is a systematic approach to capitalizing on price inefficiencies in the VIX futures term structure. By analyzing the differential between front-month and second-month VIX futures contracts, we employ a momentum-based oscillator (Relative Strength Index, RSI) to signal potential market reversion opportunities. Our research builds upon existing financial literature on volatility risk premia and contango/backwardation dynamics in the volatility markets (Zhang & Zhu, 2006; Alexander & Korovilas, 2012).
Volatility derivatives have become essential tools for managing risk and engaging in speculative trades (Whaley, 2009). The Chicago Board Options Exchange (CBOE) Volatility Index (VIX) measures the market’s expectation of 30-day forward-looking volatility derived from S&P 500 option prices (CBOE, 2018). Term structures in VIX futures often exhibit contango or backwardation, depending on macroeconomic and market conditions (Alexander & Korovilas, 2012).
This strategy seeks to exploit the spread between the front-month and second-month VIX futures as a proxy for term structure dynamics. The spread’s momentum, quantified by the RSI, serves as a signal for entry and exit points, aligning with empirical findings on mean reversion in volatility markets (Zhang & Zhu, 2006).
• Entry Signal: When RSI_t falls below the user-defined threshold (e.g., 30), indicating a potential undervaluation in the spread.
• Exit Signal: When RSI_t exceeds a threshold (e.g., 70), suggesting mean reversion has occurred.
Empirical Justification
The strategy aligns with findings that suggest predictable patterns in volatility futures spreads (Alexander & Korovilas, 2012). Furthermore, the use of RSI leverages insights from momentum-based trading models, which have demonstrated efficacy in various asset classes, including commodities and derivatives (Jegadeesh & Titman, 1993).
References
• Alexander, C., & Korovilas, D. (2012). The Hazards of Volatility Investing. Journal of Alternative Investments, 15(2), 92-104.
• CBOE. (2018). The VIX White Paper. Chicago Board Options Exchange.
• Jegadeesh, N., & Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. The Journal of Finance, 48(1), 65-91.
• Zhang, C., & Zhu, Y. (2006). Exploiting Predictability in Volatility Futures Spreads. Financial Analysts Journal, 62(6), 62-72.
• Whaley, R. E. (2009). Understanding the VIX. The Journal of Portfolio Management, 35(3), 98-105.
Previous Day & Current Day Levels (PDH/PDL/CDH/CDL) Indicator🔥 A must-have tool for price action traders! 🔥
🔹 What This Indicator Does
This indicator automatically plots key price levels from the previous and current day:
✅ Previous Day High (PDH) & Previous Day Low (PDL) – Critical support and resistance levels.
✅ Current Day High (CDH) & Current Day Low (CDL) – Helps track intraday structure.
✅ Works on ALL Timeframes – Whether you're scalping or swing trading.
✅ Fully Customizable – Change colors, line thickness, and visibility with ease.
💡 Why This Indicator is Useful
Understanding key price levels i s essential for trading success:
Identify support & resistance zones for potential trade setups.
Confirm breakouts & fakeouts when price interacts with these levels.
Enhance trade confidence by using historical highs/lows as reference points.
Works across all asset classes (Forex, Stocks, Crypto, Indices).
⚙️ How to Use
Add the indicator to your chart.
Open the settings panel to customize:
Toggle visibility of PDH, PDL, CDH, CDL.
Change line colors to match your strategy.
Adjust line thickness for better visibility.
Use these levels to analyze price action and improve trade decisions.
🛠 Customization Options
Show/hide PDH, PDL, CDH, CDL as per your trading style.
Adjust line color, thickness, and style to your preference.
Works seamlessly on stocks, forex, crypto, and indices.
🎯 Who Should Use This Indicator?
✅ Scalpers & Day Traders – Monitor intraday price movements.
✅ Swing Traders – Use previous day levels for market bias.
✅ Breakout & Reversal Traders – Identify key areas for entries.
✅ Price Action Enthusiasts – Get an edge with historical highs/lows.
📝 FAQ
❓ Will this work on lower timeframes?
✔️ Yes! It works on all timeframes , from 1-minute to daily charts.
❓ Does it repaint?
✔️ No! The indicator is based on fixed price levels from the previous and current day.
❓ Is this free?
✔️ Yes, it’s completely free to use!
🚀 Final Thoughts
This indicator simplifies your trading by highlighting high-probability price levels. Whether you're looking for breakout trades, rejections, or key support/resistance areas , this tool will be an invaluable addition to your chart setup.
🎯 Add it to your TradingView chart today and trade with confidence!
📢 Disclaimer:
This indicator is for educational and informational purposes only. It does not constitute financial advice, and past performance is not indicative of future results. Trading involves risk, and you should consult a financial professional before making any decisions. The author is not responsible for any losses incurred while using this indicator. Use at your own risk.
