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Support and Resistance Logistic Regression | Flux Charts💎 GENERAL OVERVIEW Introducing our new Logistic Regression Support / Resistance indicator! This tool leverages advanced statistical modeling "Logistic Regressions" to identify and project key price levels where the market is likely to find support or resistance. For more information about the process, please check the "HOW DOES IT WORK ?" section. Logistic Regression Support / Resistance Features : Intelligent S/R Identification : The indicator uses a logistic regression model to intelligently identify and plot significant support and resistance levels. Predictive Probability : Each identified level comes with a calculated probability, indicating how likely it is to act as a true support or resistance based on historical data. Retest & Break Labels : The indicator clearly marks on your chart when a detected support or resistance level is retested (price touches and respects the level) or broken (price decisively crosses through the level). Alerts : Real-time alerts for support retests, resistance retests, support breaks, and resistance breaks. Customizable : You can change support & resistance line style, width and colors. 🚩 UNIQUENESS What makes this indicator truly unique is its application of logistic regression to the concept of support and resistance. Instead of merely identifying historical highs and lows, our indicator uses a statistical model to predict the future efficacy of these levels. It analyzes underlying market conditions (like RSI and body size at pivot formation) to assign a probability to each potential S/R zone. This predictive insight, combined with dynamic, real-time labeling of retests and breaks, provides a more robust and adaptive understanding of market structure than traditional, purely historical methods. 📌HOW DOES IT WORK ? The Logistic Regression Support / Resistance indicator operates in several key steps: First, it identifies significant pivot highs and lows on the chart based on a user-defined "Pivot Length." These pivots are potential areas of support or resistance. For each detected pivot, the indicator extracts relevant market data at that specific point, including the RSI (Relative Strength Index) and the Body Size (the absolute difference between the open and close price of the candle). These serve as input features for the model. The core of the indicator lies in its logistic regression model. This model is continuously trained on past pivot data and their subsequent behavior (i.e., whether they were "respected" as support/resistance multiple times). It learns the relationship between the extracted features (RSI, Body Size) and the likelihood of a pivot becoming a significant S/R level. When a new pivot is identified, the model uses its learned insights to calculate a prediction value—a probability (from 0 to 1) that this specific pivot will act as a strong support or resistance. If the calculated probability exceeds a user-defined "Probability Threshold," the pivot is designated a "Regression Pivot" and drawn on the chart as a support or resistance line. The indicator then actively tracks how price interacts with these levels, displaying "R" labels for retests when the price bounces off the level and "B" labels for breaks when the price closes beyond it. ⚙️ SETTINGS 1. General Configuration Pivot Length: This setting defines the number of bars used to determine a significant high or low for pivot detection. Target Respects: This input specifies how many times a level must be "respected" by price action for it to be considered a strong support or resistance level by the underlying model. Probability Threshold: This is the minimum probability output from the logistic regression model for a detected pivot to be considered a valid support or resistance level and be plotted on the chart. 2. Style Show Prediction Labels: Enable or disable labels that display the calculated probability of a newly identified regression S/R level. Show Retests: Toggle the visibility of "R" labels on the chart, which mark instances where price has retested a support or resistance level. Show Breaks: Toggle the visibility of "B" labels on the chart, which mark instances where price has broken through a support or resistance level.
Indicatore Pine Script®
di fluxchart
17
SMA Zone with Breakouts/Tests 1.0.This indicator plots a dynamic “SMA Zone” between two simple moving averages (one applied to lows, one to highs) and highlights key interaction points with the zone: Breakouts Bull Break: price closes above the upper SMA Bear Break: price closes below the lower SMA Requires confirmation via either above-average volume or an unusually wide bar (spread > ATR) closing near its extreme Tests & Retests After a breakout, the first re-entry into the zone edge is labeled “Test,” subsequent re-entries are numbered “Retest,” “2nd Retest,” etc. Zone Weakening: each additional Test/Retest signifies diminished zone strength—fewer reliable boundaries remain (Traditional S/R theory) Alerts Fires a unified “Zone Signal” alert on every Break, Test, and Retest (set condition to “Any alert() function call”). Disclaimer: This is not financial advice and should not be used as a standalone trading signal. It’s designed to draw your attention to important price-zone interactions so you can manually tune in. The logic can be further enhanced or combined with other indicators/algorithms as part of a more complex trading system.
Indicatore Pine Script®
di Alex_Algo
1
Resistance Breakout LevelsResistance Breakout Levels An advanced TradingView indicator that detects significant resistance pivots and marks confirmed breakouts. Description: This Pine Script automatically identifies swing-high pivot points as potential resistance levels. It confirms a breakout only after a configurable number of consecutive closes above the pivot, reducing noise and avoiding false signals. Once validated, it draws a horizontal breakout line at the pivot price and adds a label with the breakout value. Traders can choose to display all breakout lines or only the single highest breakout within a specified lookback period. Additionally, a dynamic current price line spans the chart for quick reference. Features: • Pivot High Detection for Resistance Levels • N-Consecutive Close Breakout Confirmation • Toggle Between All Breakouts or Highest Breakout with Lookback Window • Full-Width Live Current Price Line • Customizable Line Colors, Widths, and Extension Direction • Price Labels Directly on Breakout Lines User Inputs: • Pivot Bars (Left/Right): Number of bars used to detect pivot highs • Consecutive Closes Above: Closes required above pivot to confirm breakout • Show All Breakouts: Option to plot every confirmed breakout line • Highest Lookback Bars: Lookback window for retaining only the highest breakout • Breakout Line Color & Width: Customize breakout line appearance • Price Line Color & Width: Customize live current price line appearance
Indicatore Pine Script®
di gilad1987
VWAP Predictive Breakout + RSI + OB + Trend/Chop📈 VWAP Predictive Breakout + RSI + Order Blocks + Trend/Chop Filter This multi-layered day trading and scalping tool is designed to predict price direction after a VWAP breakout, rather than react to it. It combines volume, RSI, candlestick structure, order blocks, and trend/chop analysis to improve the accuracy of intraday signals. 🔍 Core Features VWAP Predictive Breakout Signals are generated when price breaks above/below VWAP with strength (volume spike + strong candle body), supported by trend confirmation. RSI Momentum Filter Uses RSI divergence behavior to validate breakouts, filtering out weak or exhausted moves. Order Block Detection Marks bullish and bearish engulfing patterns and checks for proximity to these zones as confirmation for breakouts. Trend vs Chop Detection Uses ADX, ATR, EMA distance, Bollinger Band width, and candlestick cleanliness to dynamically identify whether the market is trending or choppy. Clean Candle Behavior Filters out noisy or indecisive candles by analyzing wick-to-body ratio and ATR-based body size. 📌 Visual Markers 🟢 Buy Signal: Green triangle below bar 🔴 Sell Signal: Red triangle above bar 🟢⚪ Bullish Order Block: Green circle 🔴⚪ Bearish Order Block: Red circle 🟩 Trending Background: Light green 🟥 Choppy Background: Light red 🛎 Alerts Included Long signal: VWAP breakout + RSI + Order Block + Clean Candle Short signal: VWAP breakdown + RSI + Order Block + Clean Candle 🧠 Best Use Cases Scalping high-probability VWAP reversals or continuations Day trading in markets where trend clarity is critical Filtering noise in sideways conditions using real-time chop detection
Indicatore Pine Script®
di Viggy02
Darvas Box Breakout Signals v6 (Manus)Purpose: This script is designed for TradingView to automatically identify potential "Darvas Boxes" on your price chart and signal when the price breaks out of these boxes. How it Works: Finds Highs: It looks back over a set number of bars (default is 20, but you can change this) to find the highest price point. Confirms Box Top: It waits until the price stays below that high point for a specific number of bars (default is 3) to confirm the top of the box. Confirms Box Bottom: After the top is confirmed, it looks for the lowest price reached and waits until the price stays above that low point for the same number of bars (3) to confirm the bottom of the box. Draws Box (Optional): If enabled in the settings, it draws lines on the chart representing the top and bottom of the confirmed box. What Signals It Shows: Breakout Signal: When the price closes above the top line of a confirmed box, it plots a green upward-pointing triangle above that price bar. This suggests the stock might be starting a move higher. Breakdown Signal: When the price closes below the bottom line of a confirmed box, it plots a red downward-pointing triangle below that price bar. This suggests the stock might be starting a move lower. Key Features: Uses the Darvas Box theory logic. Provides clear visual signals for potential entries based on breakouts or breakdowns. Allows customization of the lookback period and confirmation bars via the indicator settings. Written in Pine Script version 6. Remember, this script just provides signals based on price patterns; it doesn't predict the future or guarantee profits. It should be used as one tool within the larger trading plan we discussed, especially considering risk management.
Indicatore Pine Script®
di davos01
Bullish and Bearish Breakout Alert for Gold Futures PullbackBelow is a Pine Script (version 6) for TradingView that includes both bullish and bearish breakout conditions for my intraday trading strategy on micro gold futures (MGC). The strategy focuses on scalping two-legged pullbacks to the 20 EMA or key levels with breakout confirmation, tailored for the Apex Trader Funding $300K challenge. The script accounts for the Daily Sentiment Index (DSI) at 87 (overbought, favoring pullbacks). It generates alerts for placing stop-limit orders for 175 MGC contracts, ensuring compliance with Apex’s rules ($7,500 trailing threshold, $20,000 profit target, 4:59 PM ET close). Script Requirements Version: Pine Script v6 (latest for TradingView, April 2025). Purpose: Bullish: Alert when price breaks above a rejection candle’s high after a two-legged pullback to the 20 EMA in a bullish trend (price above 20 EMA, VWAP, higher highs/lows). Bearish: Alert when price breaks below a rejection candle’s low after a two-legged pullback to the 20 EMA in a bearish trend (price below 20 EMA, VWAP, lower highs/lows). Context: 5-minute MGC chart, U.S. session (8:30 AM–12:00 PM ET), avoiding overbought breakouts above $3,450 (DSI 87). Output: Alerts for stop-limit orders (e.g., “Buy: Stop=$3,377, Limit=$3,377.10” or “Sell: Stop=$3,447, Limit=$3,446.90”), quantity 175 MGC. Apex Compliance: 175-contract limit, stop-losses, one-directional news trading, close by 4:59 PM ET. How to Use the Script in TradingView 1. Add Script: Open TradingView (tradingview.com). Go to “Pine Editor” (bottom panel). Copy the script from the content. Click “Add to Chart” to apply to your MGC 5-minute chart . 2. Configure Chart: Symbol: MGC (Micro Gold Futures, CME, via Tradovate/Apex data feed). Timeframe: 5-minute (entries), 15-minute (trend confirmation, manually check). Indicators: Script plots 20 EMA and VWAP; add RSI (14) and volume manually if needed . 3. Set Alerts: Click the “Alert” icon (bell). Add two alerts: Bullish Breakout: Condition = “Bullish Breakout Alert for Gold Futures Pullback,” trigger = “Once Per Bar Close.” Bearish Breakout: Condition = “Bearish Breakout Alert for Gold Futures Pullback,” trigger = “Once Per Bar Close.” Customize messages (default provided) and set notifications (e.g., TradingView app, SMS). Example: Bullish alert at $3,377 prompts “Stop=$3,377, Limit=$3,377.10, Quantity=175 MGC” . 4. Execute Orders: Bullish: Alert triggers (e.g., stop $3,377, limit $3,377.10). In TradingView’s “Order Panel,” select “Stop-Limit,” set: Stop Price: $3,377. Limit Price: $3,377.10. Quantity: 175 MGC. Direction: Buy. Confirm via Tradovate. Add bracket order (OCO): Stop-loss: Sell 175 at $3,376.20 (8 ticks, $1,400 risk). Take-profit: Sell 87 at $3,378 (1:1), 88 at $3,379 (2:1) . Bearish: Alert triggers (e.g., stop $3,447, limit $3,446.90). Select “Stop-Limit,” set: Stop Price: $3,447. Limit Price: $3,446.90. Quantity: 175 MGC. Direction: Sell. Confirm via Tradovate. Add bracket order: Stop-loss: Buy 175 at $3,447.80 (8 ticks, $1,400 risk). Take-profit: Buy 87 at $3,446 (1:1), 88 at $3,445 (2:1) . 5. Monitor: Green triangles (bullish) or red triangles (bearish) confirm signals. Avoid bullish entries above $3,450 (DSI 87, overbought) or bearish entries below $3,296 (support) . Close trades by 4:59 PM ET (set 4:50 PM alert) .
Indicatore Pine Script®
di samjNQ
RSI Support & Resistance Breakouts with OrderblocksThis tool is an overly simplified method of finding market squeeze and breakout completely based on a dynamic RSI calculation. It is designed to draw out areas of price levels where the market is pushing back against price action leaving behind instances of short term support and resistance levels you otherwise wouldn't see with the common RSI. It uses the changes in market momentum to determine support and resistance levels in real time while offering price zone where order blocks exist in the short term. In ranging markets we need to know a couple things. 1. External Zone - It's important to know where the highs and lows were left behind as they hold liquidity. Here you will have later price swings and more false breakouts. 2. Internal Zone - It's important to know where the highest and lowest closing values were so we can see the limitations of that squeeze. Here you will find the stronger cluster of orders often seen as orderblocks. In this tool I've added a 200 period Smoothed Moving Average as a trend filter which causes the RSI calculation to change dynamically. Regular Zones - without extending The Zones draw out automatically but are often too small to work with. To solve this problem, you can extend the zones into the future up to 40 bars. This allows for more visibility against future price action. -------------------------------------------- Two Types of Zones External Zones - These zones give you positioning of the highest and lowest price traded within the ranging market. This is where liquidity will be swept and often is an ultimate breaking point for new price swings. How to use them : External Zones - External zones form at the top of a pullback. After this price should move back into its impulsive wave. During the next corrective way, if price breaches the top of the previous External Zone, this is a sign of trend weakness. Expect a divergence and trend reversal. Internal Zones - (OrderBlocks) Current price will move in relation to previous internal zones. The internal zone is where a majority of price action and trading took place. It's a stronger SQUEEZE area. Current price action will often have a hard time closing beyond the previous Internal Zones high or low. You can expect these zones to show you where the market will flip over. In these same internal zones you'll find large rejection candles. **Important Note** Size Doesn't Matter The size of the internal zone does not matter. It can be very small and still very powerful. Once an internal zone has been hit a few times, its often not relevant any longer. Order Block Zone Examples In this image you can see the Internal Zone that was untouched had a STRONG price reaction later on. Internal Zones that were touched multiple times had weak reactions later as price respected them less over time. Zone Overlay Breakdown The Zones form and update in real time until momentum has picked up and price begins to trend. However it leaves behind the elements of the inducement area and all the key levels you need to know about for future price action. Resistance Fakeout : Later on after the zone has formed, price will return to this upper zone of price levels and cause fakeouts. A close above this zone implies the market moves long again. Midline Equilibrium : This is simply the center of the strongest traded area. We can call this the Point of Control within the orderblock. If price expands through both extremes of this zone multiple times in the future, it eliminates the orderblock. Support Fakeout : Just like its opposing brother, price will wick through this zone and rip back causing inducement to trap traders. You would need a clear close below this zone to be in a bearish trend. BARCOLOR or Candle Color: (Optional) Bars are colored under three conditions Bullish Color = A confirmed bullish breakout of the range. Bearish Color = A confirmed bearish breakout of the range. Squeeze Color = Even if no box is formed a candle or candles can have a squeeze color. This means the ranging market happened within the high and low of that singular candle.
Indicatore Pine Script®
di CoffeeshopCrypto
10
Smart Range Breakout - SwiftEdgeDescription: The "Smart Range Breakout - SwiftEdge" indicator is a custom tool designed for identifying potential breakout opportunities on a 1-minute chart, with a focus on volatile markets like the DAX index. This script introduces a unique approach by combining range consolidation detection with volume confirmation and breakout validation, tailored for short-term trading strategies. How It Works: The indicator identifies consolidation periods where the price range (difference between the highest high and lowest low over a user-defined length) is below a multiple of the Average True Range (ATR). This helps detect periods of low volatility, which often precede breakouts. Once a consolidation is confirmed (minimum number of bars), a green box is drawn on the chart, spanning a fixed length of bars (default 50), representing the potential breakout zone. Breakouts are signaled only when a candle opens above the upper boundary (box top) or below the lower boundary (box bottom) of the consolidation box, ensuring a clear entry point based on price action at the open. The script includes a volume filter, requiring volume to exceed a moving average by a specified multiplier, and a confirmation period to validate the breakout over consecutive bars. To avoid signal clutter, only one breakout signal (up or down) is generated per box, and no further signals are issued until a new consolidation box is formed. How to Use: Apply the indicator to a 1-minute chart (optimized for DAX or similar volatile indices). Adjust the "Consolidation Length" (default 5) to set the lookback period for detecting consolidation. Modify the "Range Threshold (ATR Multiplier)" (default 2.0) to make the consolidation detection more or less strict based on market volatility. Use "Minimum Consolidation Bars" (default 2) to set the minimum duration of a consolidation phase. Tune "Confirmation Bars" (default 1) to require more bars to confirm the breakout. Set "Volume MA Length" (default 5) and "Volume Multiplier" (default 1.1) to filter breakouts with insufficient volume. Adjust "Max Box Length" (default 50) to control the duration of the breakout zone on the chart. Look for green triangles below the chart for bullish breakouts and red triangles above for bearish breakouts, occurring when a candle opens outside the box with confirmed volume. Originality: This script stands out by integrating a fixed-length consolidation box with an opening-price breakout condition, combined with volume and multi-bar confirmation. Unlike traditional breakout indicators that rely solely on closing prices or simple price thresholds, this approach prioritizes the opening price and limits signals to one per cycle, reducing noise in volatile markets. Chart Notes: The accompanying chart displays the indicator's output with green boxes indicating consolidation zones, yellow dots marking consolidation periods, and green/red triangles for breakout signals. No additional scripts or unrelated drawings are included to ensure clarity.
Indicatore Pine Script®
di SwiftEdge
Pre-London High-Low Breakout IndicatorOverview The Pre-London High-Low Breakout Indicator helps traders identify breakout opportunities at the London session open. It marks the high and low one hour before London opens (5 PM - 6 PM AEST) and incorporates a 200 SMA filter to confirm trade direction. The indicator also provides real-time breakout markers for precise entries. How the Indicator Works 1. Pre-London High & Low Identification (5 PM - 6 PM AEST) The indicator tracks the highest and lowest price levels within this period. These levels act as key breakout zones once London opens. The high and low remain visible until 12 AM AEST for reference. 2. 200 SMA as a Trend Filter A 200 SMA (yellow, thick line) is plotted to filter breakout trades. Only long (buy) trades are valid if price is above the 200 SMA. Only short (sell) trades are valid if price is below the 200 SMA. 3. Real-Time Breakout Confirmation Buy Signal (Green Diamond): Price breaks above the pre-London high. Price is above the 200 SMA. Sell Signal (Red Diamond): Price breaks below the pre-London low. Price is below the 200 SMA. No signal appears if the breakout is against the SMA trend, reducing false trades. How to Use the Indicator Properly Step 1: Identify the Pre-London Range (5 PM - 6 PM AEST) Observe price movements and note the session high & low. Do not take trades within this period—wait for a clear breakout. Step 2: Wait for a Breakout After 6 PM AEST A breakout must occur beyond the session high or low. The breakout should be clear and decisive, not hovering around the range. Step 3: Confirm with the 200 SMA If price is above the 200 SMA, only buy signals are valid. If price is below the 200 SMA, only sell signals are valid. If a breakout occurs against the SMA, ignore it. Step 4: Enter the Trade and Manage Risk Enter the trade after the breakout candle closes. Set stop-loss just inside the pre-London range to minimize risk. Take profit using a 1:2 or 1:3 risk-reward ratio, or trail the stop. Why This Strategy Works Pre-London Liquidity Grab: Institutional traders set positions before the London open, making this range significant. Trend Confirmation with SMA: Reduces false breakouts by filtering trades in the direction of the trend. Real-Time Breakout Detection: Green and red diamond markers highlight valid breakouts that meet all conditions. Final Notes If price breaks out but quickly reverses, it may be a false breakout—avoid impulsive trades. The indicator works best when combined with other confluences such as volume analysis or key support/resistance levels. Alerts can be added to notify traders when a valid breakout occurs. This setup is ideal for traders looking for a structured, rule-based approach to trading London session breakouts with a strong trend confirmation mechanism.
Indicatore Pine Script®
di LukeHouls83
London Breakout by Edwin KPurpose: The strategy visualizes breakouts based on price action during the London session. It highlights the candles from 09:59 AM to 01:59 PM UTC+3 with different colors depending on whether the price is above or below the high/low from the 10 AM candle. Key Parts: Timestamps: The code defines specific times for the 09:59 AM candle, 10:00 AM candle, and 01:59 PM UTC+3 times. The timestamp('UTC+3', ...) function creates the timestamps for those moments. High and Low of the 10 AM Candle: The high and low of the 10 AM candle are captured and stored in the ten_am_high and ten_am_low variables. Bullish and Bearish Conditions: If the price breaks above (bullish_break) or below (bearish_break) the high or low of the 10 AM candle, respectively. Bar Coloring: If the conditions are met (price breaking above or below the 10 AM levels), the script colors the candles during the time frame (09:59 AM to 01:59 PM). Green color is applied for bullish breakouts. Red color is applied for bearish breakouts.
Indicatore Pine Script®
di Eksira
hector mena Breakout Trading with ATR, RSI and MA CrossTitle: Breakout Trading Strategy with ATR, RSI, and Moving Average Cross Description (English): This script combines key technical indicators—ATR (Average True Range), RSI (Relative Strength Index), and Moving Averages—to provide a comprehensive breakout trading strategy. It is designed to help traders identify significant breakout levels and confirm signals with momentum and trend analysis. How It Works: ATR for Breakout Levels: The ATR is used to calculate dynamic breakout levels by adjusting the highest resistance and lowest support levels with a customizable multiplier. This ensures that breakout levels adapt to market volatility. RSI for Momentum Confirmation: The RSI identifies overbought and oversold conditions, providing an additional layer of confirmation for breakouts. A breakout accompanied by an RSI signal can indicate stronger momentum. Moving Average Cross for Trend Validation: Two simple moving averages (short-term and long-term) are included to validate the trend. A crossover suggests a potential change in trend, aligning with breakout signals. Why Combine These Indicators? The ATR ensures breakout levels are realistic and volatility-adjusted. The RSI avoids false signals by confirming if the price has momentum during a breakout. Moving Average crossovers add trend-following confirmation, helping traders align with market direction. The combination provides a robust framework to filter out false signals and improve the reliability of trading decisions. Key Features: Breakout Levels: Upper and lower breakout levels dynamically calculated using ATR. RSI Confirmation: Visual overbought (70) and oversold (30) levels and RSI plot. Trend Validation: Short and long-term moving averages plotted on the chart with crossover signals. Visual Alerts: Clear "BUY" and "SELL" labels for actionable signals. Custom Alerts: Configurable alerts for breakouts and moving average crossovers. How to Use It: Adjust the parameters (ATR length, multiplier, RSI length, and moving averages) based on your trading strategy. Look for "BUY" signals when: Price breaks above the resistance level, and RSI indicates oversold conditions. Moving averages cross bullishly. Look for "SELL" signals when: Price breaks below the support level, and RSI indicates overbought conditions. Moving averages cross bearishly. Use alerts for automated notifications about potential trades. Notes: This script is intended for educational purposes. Use it alongside proper risk management techniques and backtesting. Always test in demo mode before applying it to live trading.
Indicatore Pine Script®
di hmenaverse
[COG] Advanced School Run StrategyAdvanced School Run Strategy (ASRS) – Explanation Overview: The Advanced School Run Strategy (ASRS) is an intraday trading approach designed to identify breakout opportunities based on specific time and price patterns. This script applies the concepts of the Advanced School Run Strategy as outlined in Tom Hougaard's research, adapted to work seamlessly on TradingView charts. It leverages 5-minute candlestick data to set actionable breakout levels and provides traders with visual cues and alerts to make informed decisions. Features: Dynamic Breakout Levels: Automatically calculates high and low levels based on the market's behavior during the initial trading minutes. Custom Visualization: Highlights breakout zones with customizable colors and transparency, providing clear visual feedback for bullish and bearish breakouts. Configurable Alerts: Includes alert conditions for both bullish and bearish breakouts, ensuring traders never miss a trading opportunity. Reset Logic: Resets breakout levels daily at the market open to ensure accurate signal generation for each session. How It Works: The script identifies key levels (high and low) after a configurable number of minutes from the market open (default: 25 minutes). If the price breaks above the high level or below the low level, a corresponding breakout is detected. The script draws breakout zones on the chart and triggers alerts based on the breakout direction. All levels and signals reset at the start of each new trading session, maintaining relevance to current market conditions. Customization Options: Line and box colors for bullish and bearish breakouts. Transparency levels for breakout visualizations. Alert settings to receive notifications for detected breakouts. Acknowledgment: This script is inspired by Tom Hougaard's Advanced School Run Strategy. The methodology has been translated into Pine Script for TradingView users, adhering to TradingView’s policies and community guidelines. This script does not redistribute proprietary content from the original research but implements the principles for educational and analytical purposes.
Indicatore Pine Script®
di CognitiveAlpha
5
Sunil 2 Bar Breakout StrategyDetailed Explanation of the Sunil 2 Bar Breakout Strategy Introduction The Sunil 2 Bar Breakout Strategy is a simple yet effective price-action-based approach designed to identify breakout opportunities in financial markets. This strategy analyzes the movement of the last three candles to detect momentum and initiates trades in the direction of the breakout. It is equipped with a built-in stop-loss mechanism to protect capital, making it suitable for traders looking for a structured and disciplined trading system. The strategy works well across different timeframes and asset classes, including indices, stocks, forex, and cryptocurrencies. Its versatility makes it ideal for both intraday and swing trading. Core Concept The strategy revolves around two primary conditions: breakout identification and risk management. Breakout Identification: Long Trade Setup: The strategy identifies bullish breakouts when: The current candle's closing price is higher than the previous candle's closing price. The high of the previous candle is greater than the highs of the two candles before it. Short Trade Setup: The strategy identifies bearish breakouts when: The current candle's closing price is lower than the previous candle's closing price. The low of the previous candle is lower than the lows of the two candles before it. Risk Management: Stop-Loss: For each trade, a stop-loss is automatically set: For long trades, the stop-loss is set to the low of the previous candle. For short trades, the stop-loss is set to the high of the previous candle. This ensures that losses are minimized if the breakout fails. Exit Logic: The trade is closed automatically when the stop-loss is hit. This approach maintains discipline and prevents emotional trading. Strategy Workflow Entry Criteria: Long Entry: A long trade is triggered when: The current close is greater than the previous close. The high of the previous candle exceeds the highs of the two candles before it. Short Entry: A short trade is triggered when: The current close is less than the previous close. The low of the previous candle is below the lows of the two candles before it. Stop-Loss Placement: For long trades, the stop-loss is set at the low of the previous candle. For short trades, the stop-loss is set at the high of the previous candle. Trade Management: Trades are exited automatically if the stop-loss level is hit. The strategy avoids re-entering trades until new breakout conditions are met. Default Settings Position Sizing: The default position size is set to 1% of the account equity. This ensures proper risk management and prevents overexposure to the market. Stop-Loss: Stop-loss levels are automatically calculated based on the previous candle’s high or low. Timeframes: The strategy is versatile and works across multiple timeframes. However, it is recommended to test it on 15-minute, 1-hour, and daily charts for optimal performance. Key Features Automated Trade Execution: The strategy handles both trade entry and exit automatically based on pre-defined conditions. Built-In Risk Management: The automatic stop-loss placement ensures losses are minimized on failed breakouts. Works Across Markets: The strategy is compatible with a wide range of instruments, including indices, stocks, forex, and cryptocurrencies. Clear Signals: Entry and exit points are straightforward and based on objective conditions, reducing ambiguity. Versatility: Can be used for both day trading and swing trading, depending on the chosen timeframe. Best Practices for Using This Strategy Backtesting: Test the strategy on your chosen instrument and timeframe using TradingView's Strategy Tester to evaluate its performance. Market Conditions: The strategy performs best in trending markets or during periods of high volatility. Avoid using it in range-bound or choppy markets. Position Sizing: Use the default position size (1% of equity) or adjust based on your risk tolerance and account size. Instrument Selection: Focus on instruments with good liquidity and volatility, such as indices (e.g., NIFTY, BANKNIFTY), forex pairs, or major cryptocurrencies (e.g., Bitcoin, Ethereum). Potential Enhancements To make the strategy even more robust, consider adding the following optional features: Stop-Loss Multiplier: Allow users to customize the stop-loss distance as a multiple of the default level (e.g., 1.5x the low or high of the previous candle). Take-Profit Levels: Add user-defined take-profit levels, such as a fixed risk-reward ratio (e.g., 1:2). Time Filter: Include an option to restrict trading to specific market hours (e.g., avoid low-liquidity times). Conclusion The Sunil 2 Bar Breakout Strategy is an excellent tool for traders looking to capitalize on breakout opportunities while maintaining disciplined risk management. Its simplicity, combined with its effectiveness, makes it suitable for traders of all experience levels. By adhering to the clearly defined rules, traders can achieve consistent results while avoiding emotional trading decisions. This strategy is a reliable addition to any trader’s toolbox and is designed to work seamlessly across different market conditions and instruments.
Strategia Pine Script®
di sunilsenapati
The Curved Market Structure [BigBeluga]Curved Market Structure The Curved Market Structure indicator offers an innovative twist on traditional market structure tools by using curved lines instead of horizontal ones, enabling faster breakout detection for traders. 🔵Key Features: Curved Market Structure Levels: The indicator identifies high and low pivots and plots curved lines connecting these points, adapting to market dynamics and providing a more intuitive view of potential breakout zones. Breakout Detection: Breakouts above or below the curved levels are marked with triangle symbols (▲ or ▼), making it easy to spot critical price movements. Dynamic Target Levels: After a breakout, the indicator plots three target levels, which serve as potential price objectives. Each target is marked with a number and a star (e.g., 1★) upon being reached. Customizable Line Length and Angle: Users can adjust the length and angle of the curved lines to fit their trading style and timeframe, making the tool versatile and adaptable. Market Structure Trend Filtering: To maintain a clean chart, the indicator plots curved levels only from high pivots during uptrends and low pivots during downtrends. 🔵How It Works: The indicator identifies high and low pivots using user-defined parameters (left and right bars). Curved lines are drawn from these pivot points, showing the structure of the market and potential breakout zones. When a breakout occurs, the indicator highlights the direction with triangle symbols and dynamically plots three price targets. Upon reaching these targets, the level is marked with its respective number and a star, helping traders track price progression effectively. The lines and targets are adjusted based on market conditions, ensuring real-time relevance and accuracy. 🔵Use Cases: Spotting key breakout zones to identify entry and exit points more effectively. Setting dynamic target levels for take-profit or stop-loss planning. Filtering market noise and maintaining a cleaner chart while analyzing trends. Enhancing traditional market structure analysis with an intuitive curved visualization. This indicator is ideal for traders who want a modern, dynamic, and visually appealing way to track market structure and breakouts while maintaining chart clarity.
Indicatore Pine Script®
di BigBeluga
13
Jackson Volume breaker Indication# Jackson Volume Breaker Beta ### Advanced Volume Analysis Indicator ## Description The Jackson Volume Breaker Beta is a sophisticated volume analysis tool that helps traders identify buying and selling pressure by analyzing price action and volume distribution. This indicator separates and visualizes buying and selling volume based on where the price closes within each candle's range, providing clear insights into market participation and potential trend strength. ## Key Features 1. **Smart Volume Distribution** - Automatically separates buying and selling volume - Color-coded volume bars (Green for buying, Red for selling) - Winning volume always displayed on top for quick visual reference 2. **Real-time Volume Analysis** - Shows current candle's buy/sell ratio - Displays total volume with smart number formatting (K, M, B) - Percentage-based volume distribution 3. **Technical Overlays** - 20-period Volume Moving Average - Dynamic scaling relative to price action - Clean, uncluttered visual design ## How to Use ### Installation 1. Add the indicator to your chart 2. Adjust the Volume Scale input based on your preference (default: 0.08) 3. Toggle the Moving Average display if desired ### Reading the Indicator #### Volume Bars - **Green Bars**: Represent buying volume - **Red Bars**: Represent selling volume - **Stacking**: The larger volume (winning side) is always displayed on top - **Height**: Relative to the actual volume, scaled for chart visibility #### Information Table The top-right table shows three key pieces of information: 1. **Left Percentage**: Winning side's volume percentage 2. **Middle Percentage**: Losing side's volume percentage 3. **Right Number**: Total volume (abbreviated) ### Trading Applications 1. **Trend Confirmation** - Strong buying volume in uptrends confirms bullish pressure - High selling volume in downtrends confirms bearish pressure - Volume divergence from price can signal potential reversals 2. **Support/Resistance Breaks** - High volume on breakouts suggests stronger moves - Low volume on breaks might indicate false breakouts - Monitor volume distribution for break direction confirmation 3. **Reversal Identification** - Volume shift from selling to buying can signal potential bottoms - Shift from buying to selling can indicate potential tops - Use with price action for better entry/exit points ## Input Parameters 1. **Volume Scale (0.01 to 1.0)** - Controls the height of volume bars - Default: 0.08 - Adjust based on your chart size and preference 2. **Show MA (True/False)** - Toggles 20-period volume moving average - Useful for identifying volume trends - Default: True 3. **MA Length (1+)** - Changes the moving average period - Default: 20 - Higher values for longer-term volume trends ## Best Practices 1. **Multiple Timeframe Analysis** - Compare volume patterns across different timeframes - Look for volume convergence/divergence - Use higher timeframes for major trend confirmation 2. **Combine with Other Indicators** - Price action patterns - Support/resistance levels - Momentum indicators - Trend indicators 3. **Volume Pattern Recognition** - Monitor for unusual volume spikes - Watch for volume climax patterns - Identify volume dry-ups ## Tips for Optimization 1. Adjust the Volume Scale based on your chart size 2. Use smaller timeframes for detailed volume analysis 3. Compare current volume bars to historical patterns 4. Watch for volume/price divergences 5. Monitor volume distribution changes near key price levels ## Note This indicator works best when combined with proper price action analysis and risk management strategies. It should not be used as a standalone trading system but rather as part of a comprehensive trading approach. ## Version History - Beta Release: Initial public version - Features buy/sell volume separation, moving average, and real-time analysis - Optimized for both intraday and swing trading timeframes ## Credits Developed by Jackson based on other script creators Special thanks to the trading community for feedback and suggestions
Indicatore Pine Script®
di jacksonjose4
1
Master Candle Breakout V1 Master Candle Breakout V1 - Indicator Description The Master Candle Breakout V1 indicator is a powerful price action-based tool designed to help traders identify and capitalize on breakout opportunities from consolidation phases. This indicator is particularly useful for identifying master candles, which are large candles that encompass the range of subsequent candles, creating a key level of support or resistance. Once the price breaks above or below the range of the master candle, the indicator provides clear buy or sell signals, allowing traders to ride the momentum of the breakout. Key Features: Master Candle Detection: The indicator identifies master candles based on a user-defined period, marking them on the chart as critical breakout points. Buy and Sell Signals: When the price breaks above the master candle's high, a buy signal is plotted. Similarly, when the price breaks below the master candle's low, a sell signal is generated. These signals are displayed on the chart with customizable shapes (diamonds, arrows, circles, crosses) and colors for easy visualization. Stop-Loss Level Display: For risk management, the indicator calculates and plots a stop-loss level based on user-defined ticks above or below the master candle's high or low. The stop-loss value is shown as a label next to the signal, helping traders manage risk effectively. Customizable Colors and Shapes: Users can fully customize the appearance of the signals, including the color of the buy/sell diamonds, the stop-loss label text color, and the type of shape used for the signals. Versatile Application: The Master Candle Breakout V1 can be applied to any timeframe and market, from forex and stocks to commodities and cryptocurrencies, making it a highly versatile tool for traders of all types. How to Use: Master Candle Period: Define how many candles should follow the master candle for confirmation. Stop Loss Ticks: Set the number of ticks above or below the master candle to define your stop-loss level. Entry Signals: Once the price closes outside the high or low of the master candle, enter the trade accordingly (buy on breakouts above the high, sell on breakouts below the low). Risk Management: Use the stop-loss level provided by the indicator to minimize losses and protect your capital. This indicator is perfect for traders who prefer a simple, price-action-based strategy and want to avoid the clutter of traditional indicators. By focusing on the core principle of breakouts, Master Candle Breakout V1 helps traders quickly identify consolidation zones and potential breakout trades.
Indicatore Pine Script®
di MonicaPropTraderz
3
MTF Squeeze Analyzer - [tradeviZion]MTF Squeeze Analyzer Multi-Timeframe Squeeze Pro Analyzer Tool Overview: The MTF Squeeze Analyzer is a comprehensive tool designed to help traders monitor the TTM Squeeze indicator across multiple timeframes in a streamlined and efficient manner. Built with Pine Script™ version 5, this indicator enhances your market analysis by providing detailed insights into squeeze conditions and momentum shifts, enabling you to make more informed trading decisions. Key Features: 1. Multi-Timeframe Monitoring: Comprehensive Coverage: Track squeeze conditions across multiple timeframes, including 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, 2-hour, 4-hour, and daily charts. Squeeze Counts: Keep count of the number of consecutive bars the price has been within each squeeze level (low, mid, high), helping you assess the strength and duration of consolidation periods. 2. Dynamic Table Display: Customizable Appearance: Adjust table position, text size, and colors to suit your preferences. Color-Coded Indicators: Easily identify squeeze levels and momentum shifts with intuitive color schemes. Message Integration: Features rotating messages to keep you engaged and informed. 3. Alerts for Key Market Events: Squeeze Start and Fire Alerts: Receive notifications when a squeeze starts or fires on your selected timeframes. Custom Squeeze Count Alerts: Set thresholds for squeeze counts and get alerted when these levels are reached, allowing you to anticipate potential breakouts. Fully Customizable: Choose which alerts you want to receive and tailor them to your trading strategy. 4. Momentum Analysis: Momentum Oscillator: Visualize momentum using a histogram that changes color based on momentum shifts. Detailed Insights: Determine whether momentum is increasing or decreasing to make more strategic trading decisions. How It Works: The indicator is based on the TTM Squeeze concept, which identifies periods of low volatility where the market is "squeezing" before a potential breakout. It analyzes the relationship between Bollinger Bands and Keltner Channels to determine squeeze conditions and uses linear regression to calculate momentum. 1. Squeeze Levels: No Squeeze (Green): Market is not in a squeeze. Low Compression Squeeze (Gray): Mild consolidation, potential for a breakout. Mid Compression Squeeze (Red): Moderate consolidation, higher breakout potential. High Compression Squeeze (Orange): Strong consolidation, significant breakout potential. 2. Squeeze Counts: Tracks the number of consecutive bars in each squeeze condition. Helps identify how long the market has been consolidating, providing clues about potential breakout timing. 3. Momentum Histogram: Upward Momentum: Shown in aqua or blue, indicating increasing or decreasing upward momentum. Downward Momentum: Displayed in red or yellow, representing increasing or decreasing downward momentum. Using Alerts: Stay ahead of market movements with customizable alerts: 1. Enable Alerts in Settings: Squeeze Start Alert: Get notified when a new squeeze begins. Squeeze Fire Alert: Be alerted when a squeeze ends, signaling a potential breakout. Squeeze Count Alert: Set a specific number of bars for a squeeze condition, and receive an alert when this count is reached. 2. Set Up Alerts on Your Chart: Click on the indicator name and select " Add Alert on MTF Squeeze Analyzer ". Choose your desired alert conditions and customize the notification settings. Click " Create " to activate the alerts. How to Set It Up: 1. Add the Indicator to Your Chart: Search for " MTF Squeeze Analyzer " in the TradingView Indicators library. Add it to your chart. 2. Customize Your Settings: Table Display: Choose whether to show the table and select its position on the chart. Adjust text size and colors to enhance readability. Timeframe Selection: Select the timeframes you want to monitor. Enable or disable specific timeframes based on your trading strategy. Colors & Styles: Customize colors for different squeeze levels and momentum shifts. Adjust header and text colors to match your chart theme. Alert Settings: Enable alerts for squeeze start, squeeze fire, and squeeze counts. Set your preferred squeeze type and count threshold for alerts. 3. Interpret the Data: Table Information: The table displays the squeeze status and counts for each selected timeframe. Colors indicate the type of squeeze, making it easy to assess market conditions at a glance. Momentum Histogram: Use the histogram to gauge the strength and direction of market momentum. Observe color changes to identify shifts in momentum. Why Use MTF Squeeze Analyzer ? Enhanced Market Insight: Gain a deeper understanding of market dynamics by monitoring multiple timeframes simultaneously. Identify potential breakout opportunities by analyzing squeeze durations and momentum shifts. Customizable and User-Friendly: Tailor the indicator to fit your trading style and preferences. Easily adjust settings without needing to delve into the code. Time-Efficient: Save time by viewing all relevant squeeze information in one place. Reduce the need to switch between different charts and timeframes. Stay Informed with Alerts: Never miss a critical market movement with fully customizable alerts. Focus on other tasks while the indicator monitors the market for you. Acknowledgment: This tool builds upon the foundational work of John Carter , who developed the TTM Squeeze concept. It also incorporates enhancements from LazyBear and Makit0 , providing a more versatile and powerful indicator. MTF Squeeze Analyzer extends these concepts by adding multi-timeframe analysis, squeeze counting, and advanced alerting features, offering traders a comprehensive solution for market analysis. Note: Always practice proper risk management and test the indicator thoroughly to ensure it aligns with your trading strategy. Past performance is not indicative of future results. Trade smarter with TradeVizion—unlock your trading potential today!
Indicatore Pine Script®
di TradeVizion
19
High/Low Breakout Statistical Analysis StrategyThis Pine Script strategy is designed to assist in the statistical analysis of breakout systems on a monthly, weekly, or daily timeframe. It allows the user to select whether to open a long or short position when the price breaks above or below the respective high or low for the chosen timeframe. The user can also define the holding period for each position in terms of bars. Core Functionality: Breakout Logic: The strategy triggers trades based on price crossing over (for long positions) or crossing under (for short positions) the high or low of the selected period (daily, weekly, or monthly). Timeframe Selection: A dropdown menu enables the user to switch between the desired timeframe (monthly, weekly, or daily). Trade Direction: Another dropdown allows the user to select the type of trade (long or short) depending on whether the breakout occurs at the high or low of the timeframe. Holding Period: Once a trade is opened, it is automatically closed after a user-defined number of bars, making it useful for analyzing how breakout signals perform over short-term periods. This strategy is intended exclusively for research and statistical purposes rather than real-time trading, helping users to assess the behavior of breakouts over different timeframes. Relevance of Breakout Systems: Breakout trading systems, where trades are executed when the price moves beyond a significant price level such as the high or low of a given period, have been extensively studied in financial literature for their potential predictive power. Momentum and Trend Following: Breakout strategies are a form of momentum-based trading, exploiting the tendency of prices to continue moving in the direction of a strong initial movement after breaching a critical support or resistance level. According to academic research, momentum strategies, including breakouts, can produce returns above average market returns when applied consistently. For example, Jegadeesh and Titman (1993) demonstrated that stocks that performed well in the past 3-12 months continued to outperform in the subsequent months, suggesting that price continuation patterns, like breakouts, hold value . Market Efficiency Hypothesis: While the Efficient Market Hypothesis (EMH) posits that markets are generally efficient, and it is difficult to outperform the market through technical strategies, some studies show that in less liquid markets or during specific times of market stress, breakout systems can capitalize on temporary inefficiencies. Taylor (2005) and other researchers have found instances where breakout systems can outperform the market under certain conditions. Volatility and Breakouts: Breakouts are often linked to periods of increased volatility, which can generate trading opportunities. Coval and Shumway (2001) found that periods of heightened volatility can make breakouts more significant, increasing the likelihood that price trends will follow the breakout direction. This correlation between volatility and breakout reliability makes it essential to study breakouts across different timeframes to assess their potential profitability . In summary, this breakout strategy offers an empirical way to study price behavior around key support and resistance levels. It is useful for researchers and traders aiming to statistically evaluate the effectiveness and consistency of breakout signals across different timeframes, contributing to broader research on momentum and market behavior. References: Jegadeesh, N., & Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. Journal of Finance, 48(1), 65-91. Fama, E. F., & French, K. R. (1996). Multifactor Explanations of Asset Pricing Anomalies. Journal of Finance, 51(1), 55-84. Taylor, S. J. (2005). Asset Price Dynamics, Volatility, and Prediction. Princeton University Press. Coval, J. D., & Shumway, T. (2001). Expected Option Returns. Journal of Finance, 56(3), 983-1009.
Strategia Pine Script®
di EdgeTools
Simultaneous INSIDE Bar Break IndicatorSimultaneous Inside Bar Break Indicator (SIBBI) for The Strat Community Overview: The Simultaneous Inside Bar Break Indicator (SIBBI) is designed to help traders using The Strat methodology identify one of the most powerful breakout patterns: the Simultaneous Inside Bar Break across multiple symbols. This indicator detects when all four user-selected symbols form inside bars on the previous candle and then break those inside bars in the same direction (either bullish or bearish) on the current candle. Inside bars represent consolidation periods where price action does not break the high or low of the previous candle. When a simultaneous break occurs across multiple symbols, this often signals a strong move in the market, making this a key actionable signal in The Strat trading strategy. Key Features: Multi-Symbol Analysis: You can track up to four different symbols simultaneously. By default, the indicator comes with SPY, QQQ, IWM, and DIA, but you can modify these to track any other assets or symbols. Inside Bar Detection: The indicator checks whether all four symbols have inside bars on the previous candle. It only triggers when all symbols meet this condition, making it a highly specific and reliable signal. Simultaneous Break Detection: Once all symbols have inside bars, the indicator waits for a breakout in the same direction across all four symbols. A simultaneous bullish break (prices breaking above the previous candle’s high) triggers a green label, while a simultaneous bearish break (prices breaking below the previous candle’s low) triggers a red label. Dynamic Label Timeframe: The indicator dynamically adjusts the timeframe in the label based on the user’s selected timeframe. This allows traders to know precisely which timeframe the break is occurring on. If the user selects "Chart Timeframe," the indicator will evolve with the current chart's timeframe, making it more versatile. Timeframe Flexibility: The indicator can be set to analyze any timeframe—15-minute, 30-minute, 60-minute, daily, weekly, and so on. It only works for the specific timeframe you set it to in the settings. If set to "Chart Timeframe," the label will adapt dynamically based on the timeframe you are currently viewing. Customizable Labels: The user can choose the size of the labels (tiny, small, or normal), ensuring that the visual output is tailored to individual preferences and chart layouts. Best Use Case: The Simultaneous Inside Bar Break Indicator is particularly powerful when applied to multiple timeframes. Here’s how to use it for maximum impact: Multi-Timeframe Setup: Set the indicator on various timeframes (e.g., 15-minute, 30-minute, 60-minute, and daily) across multiple charts. This allows you to monitor different timeframes and identify when lower timeframe breaks trigger potential moves on higher timeframes. Anticipating Strong Moves: When a simultaneous inside bar break occurs on one timeframe (e.g., 30-minute), keep an eye on the higher timeframes (e.g., 60-minute or daily) to see if those timeframes also break. This stacking of inside bar breaks can signal powerful market moves. Higher Conviction Signals: The indicator is designed to provide high-conviction signals. Since it requires all four symbols to break in the same direction simultaneously, it reduces false signals and focuses on higher probability setups, which is crucial for traders using The Strat to time their trades effectively. How the Indicator Works: Inside Bar Formation: The indicator first checks that all four selected symbols had inside bars in the previous bar (i.e., the current high and low are contained within the previous bar’s high and low). Simultaneous Break Detection: After detecting inside bars, the indicator checks if all four symbols break out in the same direction—bullish (breaking above the previous bar’s high) or bearish (breaking below the previous bar’s low). Label Display: When a simultaneous inside bar break occurs, a label is plotted on the chart—either green for a bullish break (below the candle) or red for a bearish break (above the candle). The label will display the timeframe you set in the settings (e.g., "IBSB 60" for a 60-minute break). Chart Timeframe Option: If you prefer, you can set the indicator to evolve with the chart’s current timeframe. In this mode, the label will not show a specific timeframe but will still display the simultaneous inside bar break when it occurs. Recommendations for Usage: Focus on Multiple Timeframes: The Strat methodology is all about understanding the relationship between different timeframes. Use this indicator on multiple timeframes to get a better picture of potential moves. Pair with Other Strat Techniques: This indicator is most powerful when combined with other Strat tools, such as broadening formations, timeframe continuity, and actionable signals (e.g., 2-2 reversals). The simultaneous inside bar break can help confirm or invalidate other signals. Customize Symbols and Timeframes: Although the default symbols are SPY, QQQ, IWM, and DIA, feel free to replace them with symbols more relevant to your trading. This indicator works well across equities, indices, futures, and forex pairs. How to Set It Up: Select Symbols: Choose four symbols that you want to track. These can be index ETFs (like SPY and QQQ), individual stocks, or any other tradable instruments. Set Timeframe: In the indicator’s settings, choose a specific timeframe (e.g., 15-minute, 30-minute, daily). The label will reflect the selected timeframe, making it clear which time-based break you are seeing. Optional - Chart Timeframe Mode: If you want the indicator to adapt to the chart’s current timeframe, select the "Chart Timeframe" option in the settings. The indicator will plot the breaks without showing a specific timeframe in the label. Customize Label Size: Depending on your chart layout and personal preference, you can adjust the size of the labels (tiny, small, or normal) in the settings. Conclusion: The Simultaneous Inside Bar Break Indicator is a powerful tool for traders using The Strat methodology, offering a highly specific and reliable signal that can indicate potential large market moves. By monitoring multiple symbols and timeframes, you can gain deeper insight into the market's behavior and act with greater confidence. This indicator is ideal for traders looking to catch high-conviction moves and align their trades with broader market continuity. Note: The indicator works best when paired with multi-timeframe analysis, allowing you to see how breaks on lower timeframes might influence larger trends. For traders who prefer simplicity, setting it to the "Chart Timeframe" mode offers flexibility while maintaining the core benefits of this indicator.
Indicatore Pine Script®
di mmtrades5643
Swing Points [CrossTrade]The "Swing Points" indicator is designed to help identify key swing points, trends, and potential support and resistance areas on a trading chart. This indicator overlays on the price chart and offers several features for enhanced market analysis. Swing Point Identification: The indicator identifies swing highs and lows (pivot points) over a user-defined period. These points are crucial in understanding market reversals and momentum. Swing Points Display: Users have the option to visually display these pivot points on the chart. Swing highs are marked with a red "H" above the bar, and swing lows with a green "L" below the bar, aiding in quick visual identification. Center Line Calculation and Display: A dynamic center line is calculated using the pivot points, providing a baseline that adapts to market movements. The center line's appearance changes based on its position relative to the current price, making it a useful trend indicator. Support and Resistance Levels: The indicator plots horizontal support and resistance lines based on the swing lows and highs, respectively. This feature helps traders identify potential areas of price consolidation or breakout. Customization Options: Users can customize the period for swing point calculation and choose whether to display the pivot points, center line, and support/resistance levels. Alert Features Swing High Break Alert: An alert is triggered when a new swing high is detected, signaling a potential upward momentum shift. Swing Low Break Alert: This alert activates when a new swing low is formed, possibly indicating a downward momentum shift. Center Line Trend Color Change Alert: Alerts users when the center line changes its trend color, which could signify a change in overall market trend direction.
Indicatore Pine Script®
di CrossTradeTeam
3
AI-Powered Breakout with Advanced FeaturesDescription This script is designed to detect breakout moments in financial markets using a combination of traditional breakout detection methods and adaptive moving averages. By leveraging elements of artificial intelligence, the script provides a more dynamic and responsive approach to identifying potential entry and exit points in trading. Usefulness This script stands out by integrating a traditional breakout finder with an adaptive moving average component. The adaptive moving average adjusts dynamically based on the differences between fast and slow exponential moving averages (EMAs), offering a more flexible and responsive detection of support and resistance levels. This combination aims to reduce false signals and enhance the reliability of breakout detections, making it a valuable tool for traders seeking to capture market movements more effectively. Features 1. Breakout Detection: Utilizes pivot highs and lows to identify significant breakout points over a user-defined period. This method helps in capturing the essential support and resistance levels that are critical in breakout trading. 2. AI Machine Learning Component - Adaptive Moving Average: Implements an adaptive moving average using two exponential moving averages (EMAs). adaptiveMA is dynamically adjusted based on the difference between a fast average and a slow average. 3. Buy/Sell Signals: The script generates buy and sell signals when bullish and bearish breakouts occur, respectively. These signals are visually represented on the chart, helping traders to quickly identify potential trading opportunities. 4. Visualization: Draws horizontal lines at identified breakout levels and plots shapes (arrows) on the chart to indicate buy/sell signals. This makes it easy for traders to see where significant breakout points are and where to consider entering or exiting trades. Underlying Concepts 1. Breakout Finder Logic: The script uses pivot points (highs and lows) to detect breakout levels. It stores these pivot points in arrays and monitors them for persistence, ensuring that the detected breakouts are significant and reliable. 2. Adaptive Moving Average (AMA): The AMA is a key component that enhances the script's responsiveness. By calculating the differences between fast and slow EMAs, the AMA adapts to changing market conditions, providing a more accurate measure of trends and potential reversals. How to Use • Adjustable Parameters: The script includes several user-adjustable parameters: o Lookback Length: Defines the period over which the script calculates the highest high and lowest low for breakout detection. o Multiplier for Adaptive MA: Adjusts the sensitivity of the adaptive moving average. o Period for Pivots: Sets the period for detecting pivot highs and lows. o Max Breakout Length: Specifies the maximum length for breakout consideration. o Threshold Rate: Determines the threshold rate for breakout validation. o Minimum Number of Tests: Sets the minimum number of tests required to validate a breakout. o Colors and Line Style: Customize the colors and line styles for breakout levels. Interpreting Signals o Green Arrows: Indicate a bullish breakout signal, suggesting a potential buy opportunity. o Red Arrows: Indicate a bearish breakout signal, suggesting a potential sell opportunity. o Horizontal Lines: Show the breakout levels, helping to visualize support and resistance areas. By combining traditional breakout detection with advanced adaptive moving averages, this script aims to provide traders with a robust tool for identifying and capitalizing on market breakouts. Credits Parts of this script were inspired and adapted from the "Breakout Finder" script by LonesomeTheBlue. Significant improvements include the integration of the adaptive moving average component and enhancements to the breakout detection logic.
Indicatore Pine Script®
di danylosam
3
Market Structures + ZigZag [TradingFinder] CHoCH/BOS - MSS/MSB🟣 Introduction 🔵 Market Structure Grasping market structure entails examining market behavior. Essentially, market structure refers to the formation and progression of the market within its trends. Market structures are generally fractal and nested, leading us to classify them into internal (minor) and external (major) structures. There are several definitions of market structure, with differing perspectives such as Smart Money and ICT offering their own interpretations. 🔵 Zig Zag The Zigzag indicator is a lagging tool that identifies points on a price chart where significant changes occur compared to the previous wave. By connecting these points, it helps traders detect trends. This indicator minimizes random price fluctuations, aiming to clarify the primary price trend. Pivots are points on a price chart where the direction changes. Also known as reversal points, pivots form when supply and demand forces overpower one another. There are various types of technical analysis pivots, which can be divided into two categories: minor pivots and major pivots, each with distinct significance in analysis. Major Pivot : These pivots signify substantial changes in the chart's direction and occur at the end of trends. Analysts focusing on primary analysis prioritize major pivot points. In fact, most technical analysis tools are evaluated and based on major pivots. Minor Pivot : These pivots highlight smaller, subsidiary points and directions, appearing at the end of corrections. Analysts who focus on minor pivots represent small trends. It's important to note that minor pivots are not suitable for use in primary technical tools. Identifying Minor and Major Pivots : Minor pivots are formed between two major pivots and do not break the opposing major pivot. (Internal Pivot) Major pivots are those that either successfully break the opposing pivot or move beyond the previous pivot of the same type. (External Pivot) 🟣 How to Use 🔵 Identifying Break of Structure (BOS) In a given trend, such as a downtrend, a Break of Structure occurs when the price drops below the previous low and forms a new low (LL). In an uptrend, a BOS (MSB) happens when the price rises and exceeds the last high. To confirm a trend, at least one BOS is required. The break above or below the previous high or low must be validated by the closing of at least one candle beyond that level. 🔵 Identifying Change of Character (CHOCH) Change of Character (CHOCH) is an essential concept in market structure analysis, indicating a trend change. In other words, a trend concludes with a CHOCH (MSS). For example, in a downtrend, the price declines with BOS. While BOS highlights the trend's strength, a CHOCH occurs when the price rises and surpasses the last high, signaling a transition from a downtrend to an uptrend. This does not imply immediately entering a buy trade; instead, it is prudent to wait for a BOS in the upward direction to confirm the uptrend. Unlike BOS, confirming a CHOCH does not require a candle to close; simply breaking above or below the previous high or low with the candle's wick is sufficient. The following examples illustrate bearish and bullish CHOCH. Terms : Market Structure Shift = MSS Market Structure Break = MSB 🔵 Zig Zag Based on identifying pivots and drawing zigzag lines, you can have different uses of this indicator. Including : Identifying pivot types along with major and minor recognition. Identifying internal and external breakouts. Identifying support and resistance levels. Identifying Elliott Waves. Identifying classic patterns. Identifying pivots with higher validity. Identifying trends and range areas. 🟣 Settings Pivot Period Market Structure and ZigZag Line: Using this input, you can determine the pivot period for identifying swings. Through the settings, you can customize the display, visibility, and color of each line as desired.
Indicatore Pine Script®
di TFlab
25
Fractal Breakout Trend Following StrategyOverview The Fractal Breakout Trend Following Strategy is a trend-following system which utilizes the Willams Fractals and Alligator to execute the long trades on the fractal's breakouts which have a high probability to be the new uptrend phase beginning. This system also uses the normalized Average True Range indicator to filter trades after a large moves, because it's more likely to see the trend continuation after a consolidation period. Strategy can execute only long trades. Unique Features Trend and volatility filtering system: Strategy uses Williams Alligator to filter the counter-trend fractals breakouts and normalized Average True Range to avoid the trades after large moves, when volatility is high Configurable Trading Periods: Users can tailor the strategy to specific market windows, adapting to different market conditions. Flexible Risk Management: Users can choose the stop-loss percent (by default = 3%) for trades, but strategy also has the dynamic stop-loss level using down fractals. Methodology The strategy places stop order at the last valid fractal breakout level. Validity of this fractal is defined by the Williams Alligator indicator. If at the moment of time when price breaking the last fractal price is higher than Alligator's teeth line (8 period SMA shifted 5 bars in the future) this is a valid breakout. Moreover strategy has the additional volatility filtering system using normalized ATR. It calculates the average normalized ATR for last user-defined number of bars and if this value lower than the user-defined threshold value the long trade is executed. When trade is opened, script places the stop loss at the price higher of two levels: user defined stop-loss from the position entry price or down fractal validation level. The down fractal is valid with the rule, opposite as the up fractal validation. Price shall break to the downside the last down fractal below the Willians Alligator's teeth line. Strategy has no fixed take profit. Exit level changes with the down fractal validation level. If price is in strong uptrend trade is going to be active until last down fractal is not valid. Strategy closes trade when price hits the down fractal validation level. Risk Management The strategy employs a combined approach to risk management: It allows positions to ride the trend as long as the price continues to move favorably, aiming to capture significant price movements. It features a user-defined stop-loss parameter to mitigate risks based on individual risk tolerance. By default, this stop-loss is set to a 3% drop from the entry point, but it can be adjusted according to the trader's preferences. Justification of Methodology This strategy leverages Williams Fractals to open long trade when price has broken the key resistance level to the upside. This resistance level is the last up fractal and is shall be broken above the Williams Alligator's teeth line to be qualified as the valid breakout according to this strategy. The Alligator filtering increases the probability to avoid the false breakouts against the current trend. Moreover strategy has an additional filter using Average True Range(ATR) indicator. If average value of ATR for the last user-defined number of bars is lower than user-defined threshold strategy can open the long trade according to open trade condition above. The logic here is following: we want to open trades after period of price consolidation inside the range because before and after a big move price is more likely to be in sideways, but we need a trend move to have a profit. Another one important feature is how the exit condition is defined. On the one hand, strategy has the user-defined stop-loss (3% below the entry price by default). It's made to give users the opportunity to restrict their losses according to their risk-tolerance. On the other hand, strategy utilizes the dynamic exit level which is defined by down fractal activation. If we assume the breaking up fractal is the beginning of the uptrend, breaking down fractal can be the start of downtrend phase. We don't want to be in long trade if there is a high probability of reversal to the downside. This approach helps to not keep open trade if trend is not developing and hold it if price continues going up. Backtest Results Operating window: Date range of backtests is 2023.01.01 - 2024.05.01. It is chosen to let the strategy to close all opened positions. Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks. Initial capital: 10000 USDT Percent of capital used in every trade: 30% Maximum Single Position Loss: -3.19% Maximum Single Profit: +24.97% Net Profit: +3036.90 USDT (+30.37%) Total Trades: 83 (28.92% win rate) Profit Factor: 1.953 Maximum Accumulated Loss: 963.98 USDT (-8.29%) Average Profit per Trade: 36.59 USDT (+1.12%) Average Trade Duration: 72 hours These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters. How to Use Add the script to favorites for easy access. Apply to the desired timeframe and chart (optimal performance observed on 4h and higher time frames and the BTC/USDT). Configure settings using the dropdown choice list in the built-in menu. Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}} Disclaimer: Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation
Strategia Pine Script®
di Skyrexio
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