Consecutive CandlesSummary
This indicator helps visualize short-term momentum by automatically drawing boxes around sequences of consecutive same-colored candles (bullish or bearish). It's designed to quickly highlight periods of sustained buying or selling pressure directly on your chart.
How it Works
Consecutive Candle Detection: The script monitors the chart bar by bar, tracking consecutive candles where close > open (bullish) or close < open (bearish).
Box Drawing: When a sequence of same-colored candles reaches a user-defined minimum length (default is 3) and this sequence is then broken by an opposite-colored candle or a doji, a box is drawn.
Box Boundaries:
The top of the box is set to the highest high price reached during the sequence.
The bottom of the box is set to the lowest low price reached during the sequence.
The left edge of the box aligns with the start time of the first candle in the sequence.
The right edge of the box aligns with the end time of the last candle in the sequence.
Stability: Uses xloc = xloc.bar_time to ensure boxes remain accurately anchored to the price bars when zooming or panning the chart.
Real-time Extension: For active sequences meeting the minimum length on the latest developing bar, the box is optionally extended to the right.
Features
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bullish candles.
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bearish candles.
Extends box in real-time for active qualifying sequences.
Customizable minimum candle count (>= 2).
Customizable colors for bullish/bearish boxes and borders.
Settings
You can customize the indicator via the Settings menu (gear icon):
Minimum Consecutive Candles: Define how many candles in a row are needed to draw a box (Default: 3).
Bullish Box Color: Set the fill color for boxes around bullish sequences.
Bearish Box Color: Set the fill color for boxes around bearish sequences.
Box Border Color: Set the color for the border of all boxes.
Potential Use Cases
Momentum Identification: Quickly spot periods of strong, uninterrupted buying or selling.
Exhaustion/Reversal Signals: Very long sequences might indicate potential exhaustion, setting up reversal opportunities.
Consolidation Breakouts: A box forming after a period of tight consolidation can highlight the range just before a potential breakout.
Confirmation: Use the boxes as confirmation for entries or exits based on momentum shifts.
Disclaimer: This indicator provides visual aids based on price action. It should not be used as a standalone trading system. Always use indicators in conjunction with your own analysis and risk management rules.
Cerca negli script per "breakout"
Wyckoff Range Detector [Beta] + Smart Money ElementsThis indicator detects the key phases of the Wyckoff market structure and integrates smart money elements, such as Order Blocks (OB), Fair Value Gaps (FVG), and Breaker Blocks. It also helps identify potential reversal zones (LPS, UTAD, Spring), breakout opportunities, and provides automatic Risk-Reward (R:R) calculations.
Key Features:
Wyckoff Phases Detection:
Automatically detects key phases of Wyckoff's market structure:
B (Range) – The initial range of accumulation.
C (Spring Phase) – Accumulation phase with a potential breakout.
C (UTAD Phase) – Upthrust After Distribution, indicating a potential reversal.
D (LPS Phase) – Last Point of Support, signaling accumulation before a breakout.
E (Breakout) – Phase marking breakout from range.
Re-Accumulation – Possible continuation in the range after a breakout.
Re-Distribution – Possible breakdown of a distribution phase.
Smart Money Elements:
Order Blocks (OB): Identifies Bullish and Bearish OBs to anticipate market entries.
Fair Value Gap (FVG): Highlights imbalance areas where price is likely to return.
Breaker Blocks: Marks areas where the price has previously broken a structure, indicating strong supply/demand zones.
Automatic Risk-Reward Calculation:
Smart RR: Automatically calculates Risk-Reward (R:R) ratios from LPS phases and Order Blocks. It draws lines to indicate target and stop levels with green for the target and red for the stop.
Visual representation of the entry signal with target and stop levels displayed.
Alerts:
Set alerts for phase changes, breakout, re-accumulation, or re-distribution to stay updated on the market’s movements.
Visual Tools:
Labels are used to indicate key zones such as AR, SC, LPS, and Spring Zones.
Draw boxes for the Spring and LPS phases to highlight areas where price action is likely to reverse.
Lines to represent potential breakouts, with customizable risk-reward indicators.
How to Use:
Apply the Indicator on any chart.
Identify Wyckoff phases to understand market trends.
Monitor Smart Money Elements (OB, FVG, Breaker) for entry and exit points.
Use automatic Risk-Reward levels for managing trades.
Set alerts for various Wyckoff phases and smart money signals to stay updated.
ICT Breakers (BOS / MSS - Market Structure) [ICTProTools]The Breakers (Market Structure) indicator is designed to help traders identify true breaker structures , a key concept in Inner Circle Trader (ICT) methodology. In market structure, Breakers represent powerful shifts where a key high or low is broken, leading to a reversal in market direction. Most tools misinterpret structure shifts, using internal structure , leading to fake breakouts. This tool solves that problem by filtering out false signals , providing clear & structured insights , all with multi-timeframe compatibility.
💎 Key Features
⚡️ Breakers in action
The indicator shows the structure following ICT instructions. A breaker is defined by two lines:
The first line confirms the previous trend (it could be interpreted as a BOS).
The second line highlights the moment price breaks structure (with candle body or wick based on your chosen settings), signaling a shift in trend direction (like an MSS).
Furthermore, it’s important to note that a breaker not only shows the structure, but also defines a potential Point of Interest (POI), an area where price may retrace before continuing its trend.
Here, we can observe two clear structure shifts.
On the far left, the market was in a bearish trend, illustrated by the first visible (dotted and red) line. Shortly after, the second (solid and green) line appears, showing a break that initiates a new bullish trend.
This upward movement continues, with the last confirmation marked by a top structure line. And finally, the structure is broken once again indicating a transition back into a bearish trend.
💪 Real Structure with True Highs / Lows
Unlike many indicators that detect internal breakouts , this tool follows ICT’s true market structure rules .
In a bearish trend , a bullish breaker is only confirmed when the high that created the low is broken , and conversely for a bullish scenario.
Fake breakouts are ignored, preventing misleading signals.
In the image above, the white breakout is correctly ignored by the indicator, as it doesn't align with ICT’s structural rules. That white high is simply part of the internal structure, not the true swing point. Instead, the green line highlights the key level that truly matters, the one whose rupture would have confirmed a real change in market structure.
🔔 Smart Alerts for Structure Updates
Stay one step ahead with customizable alerts designed to notify you instantly when market structure changes occur.
Get notified for BOS (Continuation) and / or MSS (Breaker) events.
Set alerts for bullish , bearish , or both directions.
Choose between once or repeated alerts , based on your strategy.
This feature allows traders to remain focused and reactive , even when monitoring multiple markets.
In the alert settings, select which structure shifts you want to be notified of. Whether you're a scalper or a swing trader, the alerts keep you connected to key moments without needing to constantly monitor the chart.
⏳ Multi-Timeframe Structure
All features of the indicator are fully compatible with higher timeframes .
Get a broader view of market structure without switching timeframes.
Monitor higher timeframe structures and receive alerts, all without leaving your analysis chart .
In this example, the market structure of the 30m timeframe is displayed while on a 5m chart, providing a clearer perspective.
✨ Customization & User Control
Make it yours! The indicator allows full customization:
Swing bars (to confirm high / low)
Select your mode for Breakers (MSS) , using the candle body only or body / wick
Line style (type, width, color)
Choice of displayed timeframe
Activate any alert , with the frequency you want
🎯 Conclusion
✅ Avoid false signals by focusing on true ICT Breakers
✅ Smart alerts to never miss a structural shift
✅ Multi-timeframe support for enhanced analysis
✅ Clean & professional design for an optimal trading experience
Dynamic Support and Resistance ### Indicator: Dynamic Support and Resistance
#### Overview:
The *Dynamic Support and Resistance* indicator is a powerful tool designed to help traders identify key price levels on a chart. It dynamically calculates support and resistance levels based on pivot points and the Average True Range (ATR). The indicator also highlights broken support and resistance zones, providing visual cues for potential trend reversals or continuations.
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### Key Features:
1. *Dynamic Support and Resistance Levels*:
- The indicator identifies support and resistance levels using pivot highs and lows within a user-defined range.
- These levels are adjusted using the ATR to account for market volatility, making them more responsive to changing market conditions.
2. *Support and Resistance Zones*:
- The indicator draws boxes around the support and resistance levels, with customizable colors and widths.
- The width of the zones is determined by the ATR and a user-defined multiplier, allowing traders to adjust the sensitivity of the zones.
3. *Broken Zones*:
- When price breaks through a support or resistance zone, the zone is highlighted with a distinct color to indicate a potential shift in market sentiment.
- Traders can limit the number of broken zones displayed on the chart to avoid clutter.
4. *Customizable Inputs*:
- *Range Candle Count*: Defines the number of candles analyzed to determine pivot points. Increasing this value will result in fewer but more significant levels, while decreasing it will produce more levels that are sensitive to shorter-term price movements.
- *ATR Period*: Controls the sensitivity of the ATR calculation. A shorter period makes the ATR more responsive to recent price changes, while a longer period smooths it out.
- *Box Width Multiplier*: Adjusts the width of the support and resistance zones. A higher multiplier creates wider zones, which may be useful in more volatile markets.
- *Max Broken Zones*: Limits the number of broken zones displayed on the chart. This helps keep the chart clean and focused on the most recent breaks.
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### How It Works:
1. *Pivot Points*:
- The indicator identifies pivot highs and lows within the specified range. These pivots serve as the basis for calculating support and resistance levels.
2. *ATR Adjustment*:
- The ATR is used to adjust the support and resistance levels, making them more dynamic and responsive to market volatility.
3. *Zone Creation*:
- Support and resistance zones are drawn as boxes around the pivot levels. The width of these zones is determined by the ATR and the box width multiplier.
4. *Zone Breaks*:
- When price breaks through a zone, the zone is highlighted with a distinct color, and the broken zone is added to an array. If the number of broken zones exceeds the user-defined limit, the oldest broken zone is removed from the chart.
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### How to Use:
1. *Trend Identification*:
- Use the support and resistance levels to identify key price levels where the market may reverse or consolidate.
- Broken zones can signal potential trend reversals or continuations.
2. *Entry and Exit Points*:
- Traders can use the support and resistance zones as potential entry or exit points. For example, buying near support or selling near resistance.
- Broken zones can be used as confirmation for breakout strategies.
3. *Risk Management*:
- The width of the zones can help traders set stop-loss levels. For example, placing a stop-loss just outside a support or resistance zone.
4. *Customization*:
- Adjust the input parameters to suit your trading style and the specific market conditions. For example, increase the range candle count for longer-term analysis or decrease it for shorter-term trading.
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### Who Should Use This Indicator?
- *Swing Traders*: Can use the indicator to identify key levels for potential reversals or breakouts.
- *Day Traders*: Can benefit from the dynamic levels and zones, especially in volatile markets.
- *Position Traders*: Can use the indicator to identify long-term support and resistance levels.
- *Breakout Traders*: Can use the broken zones to confirm breakouts and plan their trades accordingly.
---
### Input Parameters and Their Effects:
1. *Range Candle Count*:
- *Increase*: Produces fewer but more significant levels, suitable for longer-term analysis.
- *Decrease*: Produces more levels, sensitive to shorter-term price movements.
2. *ATR Period*:
- *Increase*: Smoothens the ATR, making the levels less sensitive to recent price changes.
- *Decrease*: Makes the ATR more responsive to recent price changes, resulting in more dynamic levels.
3. *Box Width Multiplier*:
- *Increase*: Creates wider zones, suitable for more volatile markets.
- *Decrease*: Creates narrower zones, suitable for less volatile markets.
4. *Max Broken Zones*:
- *Increase*: Displays more broken zones on the chart, providing more historical context.
- *Decrease*: Keeps the chart clean by displaying only the most recent broken zones.
---
### Conclusion:
The *Dynamic Support and Resistance* indicator is a versatile tool that can be adapted to various trading styles and market conditions. By dynamically adjusting to market volatility and highlighting key price levels, it provides traders with valuable insights into potential support and resistance areas. Whether you're a swing trader, day trader, or position trader, this indicator can help you make more informed trading decisions.
---
### Publishing on TradingView:
- *Title*: Dynamic Support and Resistance
- *Description*: A dynamic support and resistance indicator that uses pivot points and ATR to identify key price levels. Includes customizable support/resistance zones and highlights broken zones for breakout trading.
- *Tags*: support, resistance, ATR, pivot points, breakout, trading, indicator
- *Access*: Public or Invite-only, depending on your preference.
This indicator is ready to be published on TradingView, and the detailed description above will help users understand its functionality and how to use it effectively.
ATR Impact CandlesATR Impact Candles: Simplify Your Trading with Pure Price Action
You don’t need dozens of cluttered indicators to catch what really matters. With ATR Impact Candles, you get a powerful, single-tool solution that cuts through the noise by focusing on what truly drives the market: price action and volatility. This indicator highlights only those candlesticks that pack a punch—showing you when the market’s range is exceptionally strong relative to its recent behavior. Whether you’re a scalper or a swing trader, ATR Impact Candles empowers you to time your entries and exits with confidence, letting you trade based on real market momentum.
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Indicator Overview
The indicator is designed for TradingView and is implemented in Pine Script (version 5). Its primary purpose is to highlight specific candles that meet a defined volatility condition based on the Average True Range (ATR). Instead of modifying every candle’s appearance, the indicator only changes the color of those “signal” candles that exceed a user-defined multiple of the ATR. The rest of the candles remain in their traditional black and white appearance—preserving the classic candlestick chart look.
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Key Features
1. ATR-Based Signal Identification:
• ATR Calculation:
The indicator calculates the ATR using a configurable lookback period (default is 14 periods). The ATR is a common volatility measure that reflects the average range of price movement.
• Threshold Condition:
A candle is flagged as a signal if its range (high minus low) meets or exceeds a specified multiple (the “ATR Factor”) of the ATR. By default, this factor is set to 2, meaning any candle whose range is at least twice the ATR is considered significant.
2. Dynamic Candle Coloring:
• Signal Candles:
• When a candle meets the ATR threshold condition:
• Up Candles: are colored green.
• Down Candles: are colored red.
• Non-Signal Candles:
• Candles that do not meet the threshold condition retain their classic appearance:
• Up candles are white.
• Down candles are black.
3. User Configurability:
• ATR Period:
Traders can adjust the ATR period to tailor the volatility measure to different markets or timeframes.
• ATR Factor:
The multiple of the ATR that defines a signal candle is also configurable, giving flexibility to experiment with different thresholds for what constitutes “significant” price movement.
• Overlay Display:
The indicator runs in overlay mode on the chart, meaning it directly affects the appearance of the candlestick bars without interfering with other chart elements.
4. Additional Visual Aid:
• Threshold Line Plot:
The script optionally plots a line representing the ATR multiplied by the chosen factor. This line serves as a visual benchmark on the chart, allowing traders to see at what level the ATR threshold lies relative to the price action.
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How It Works
1. ATR Calculation:
The indicator first calculates the Average True Range (ATR) for the defined period. This value is updated for each new candle.
2. Range Comparison:
For each candle, the indicator calculates the range (high - low) and compares it to the threshold, which is the ATR multiplied by the user-defined factor.
3. Conditional Coloring:
• If the Candle’s Range ≥ (ATR * Factor):
• The candle is marked as a “signal candle.”
• Its color is set to green if it is an up candle (close is greater than or equal to open) or red if it is a down candle.
• Otherwise:
• The candle retains its classic look, with up candles in white and down candles in black.
4. Chart Display:
By applying these rules to every candle, the indicator visually emphasizes those moments when the market shows unusually large price movements relative to its recent average volatility. This helps traders quickly spot potential breakouts or reversals.
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Practical Applications
• Volatility Breakouts:
Identify candles that may signal the start of a breakout or strong reversal.
• Risk Management:
Adjust stop-loss levels or position sizes when unusually volatile candles are detected.
• Signal Confirmation:
Combine with other technical indicators or chart patterns to reinforce entry or exit decisions.
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ATR Impact Candles is your essential, no-nonsense tool for filtering out market noise and focusing solely on significant price action. Simplify your trading decisions and harness the power of volatility with one clear, effective indicator.
Advanced Session Profile Predictor with SR Boxes & ORAdvanced Session Profile Predictor with Momentum Arrows
Designed for intraday traders, this indicator analyzes price action across Asia, London, and New York sessions to predict market profiles and highlight key trading opportunities. By combining session-based profiling, Opening Range (OR) visualization, and momentum signals from Traders Dynamic Index (TDI), it offers a unique tool for anticipating trends, reversals, and breakouts. Ideal for forex, indices, and crypto on 15M–1H charts.
What Makes This Indicator Unique?
Unlike typical session indicators that only mark time zones or standard TDI scripts that focus on momentum, this tool:
Predicts market profiles (e.g., "Trend Continuation," "NY Manipulation") by analyzing session ranges and directional moves, offering actionable insights into how sessions interact.
Visualizes Opening Range (OR) boxes for the first 15 minutes of each session, helping traders spot early breakout levels.
Integrates TDI with momentum to generate precise bullish/bearish arrows, filtered by session context for improved reliability.
Simplifies decision-making with dynamic profile labels showing real-time long/short conditions based on price levels.
How Does It Work?
Session Tracking:
Asia (00:00–08:00 UTC, yellow), London (08:00–16:00 UTC, red), and New York (13:00–21:00 UTC, blue) sessions are highlighted with background colors and high/low lines (crosses).
OR boxes (first 15 minutes) are drawn for each session: yellow for Asia, red for London, blue for NY.
Profile Prediction:
Compares Asia and London session ranges and directions (e.g., trending if range > 1.5x 5-period SMA).
Examples:
Trend Continuation: Asia and London trend in the same direction—long above Asia high (uptrend) or short below Asia low (downtrend).
NY Manipulation: Asia trends, London consolidates—watch for NY breakouts at London high/low.
Displays the predicted profile and entry conditions in labels (e.g., "IF price hits 1.2000 LONG").
Momentum Arrows:
Uses TDI (RSI period 21, bands 34, fast MA 2) and 12-period momentum.
Green up arrow: Fast MA > upper band (>68) and momentum rising (bullish).
Red down arrow: Fast MA < lower band (<32) and momentum falling (bearish).
Support/Resistance (SR):
Plots dynamic SR boxes based on pivot highs/lows, filtered by volume (inspired by ChartPrime’s methodology, credited below).
How to Use It
Setup: Apply to a 15M–1H chart. Adjust time zone (default: UTC) and session times if needed. Customize TDI/momentum settings for sensitivity.
Trading:
Check the top-right labels for the current profile and entry conditions (e.g., "IF price hits LONG/SHORT").
Confirm entries with green up arrows (bullish) or red down arrows (bearish).
Use OR boxes and session high/low lines to identify breakout or reversal levels.
Example: In "NY Manipulation," wait for price to hit London high (long) or low (short) during NY session, confirmed by an arrow.
Best Markets: Forex (EUR/USD), indices (SPX500), crypto (BTC/USD) with sufficient intraday volatility.
Underlying Concepts
Session Profiling: Detects trends (range > SMA * threshold) and manipulation (e.g., London breaking Asia’s high/low) to predict NY behavior.
OR Boxes: Marks the first 15 minutes’ high/low as a breakout zone (time-based, 900,000 ms).
TDI + Momentum: Combines RSI-based bands with price change (close – close ) for momentum signals.
SR Boxes: Identifies pivots over a lookback period (default 20), scaled by ATR and filtered by volume thresholds.
Credits
The SR box logic is inspired by ChartPrime’s volume-filtered support/resistance methodology, adapted with custom breakout/hold detection. Original authors are credited for their foundational work.
Chart Setup
Displays session backgrounds, OR boxes, high/low lines, TDI arrows, and profile labels. Keep other indicators off for clarity.
Trading Sessions Highs/Lows | InvrsROBINHOODTrading Sessions Highs/Lows | InvrsROBINHOOD
🚀 A powerful indicator for tracking key trading sessions and the highs and lows of each session!
📌 Description
The Trading Sessions Highs/Lows indicator visually marks the most critical trading sessions—Asia, London, and New York—using small colored dots at the bottom of the candle. It also tracks and plots the highs and lows of each session, along with the Daily Open and Weekly Open levels.
This tool is designed to help traders identify session-based liquidity zones, price reactions, and potential trade setups with minimal chart clutter.
Key Features:
✅ Session markers (Asia, London, NY AM, NY Lunch, NY PM) plotted as small dots
✅ Plots session highs and lows for market structure insights
✅ Daily Open line for intraday reference
✅ Weekly Open line for higher timeframe bias
✅ Alerts for session high/low breaks to capture momentum shifts
✅ User-defined UTC offset for global traders
✅ Customizable session colors for personal preference
📖 How to Use the Indicator
1️⃣ Understanding the Sessions
Asia Session (Yellow Dot) → Marks liquidity buildup & pre-London moves
London Session (Blue Dot) → Strong volatility, breakout opportunities
New York AM Session (Green Dot) → Major trends & institutional participation
New York Lunch (Red Dot) → Low volume, ranging market
New York PM Session (Dark Green Dot) → End-of-day movements & reversals
2️⃣ Session Highs & Lows for Market Structure
Session Highs can act as resistance or breakout points.
Session Lows can act as support or stop-hunt zones.
Break of a session high/low with volume may indicate continuation or reversal.
3️⃣ Using the Daily & Weekly Open
The Daily Open (Black Line) helps gauge the intraday trend.
Above Daily Open → Bearish Bias
Below Daily Open → Bullish Bias
The Weekly Open (Red Line) sets the higher timeframe directional bias.
4️⃣ Alerts for Breakouts
The indicator will trigger alerts when price breaks session highs or lows.
Useful for setting stop-losses, breakout trades, and risk management.
💡 Why This Indicator is Important for Beginners
1️⃣ Avoids Overtrading:
Many beginners trade in low-volume periods (NY Lunch, Asia session) and get stuck in choppy price action.
This indicator highlights when volatility is high so traders focus on better opportunities.
2️⃣ Session-Based Liquidity Traps:
Market makers often run stops at session highs/lows before reversing.
Watching session breaks prevents traders from falling into liquidity grabs.
3️⃣ Reduces Emotional Trading:
If price is above the Daily Open, a beginner shouldn’t look for shorts.
If price is below a key session low, it may signal a fake breakout.
4️⃣ Aligns with Institutional Trading:
Smart money traders use session highs/lows to set stop hunts & reversals.
Beginners can use this indicator to spot these zones before entering trades.
🛡️ How to Mitigate Risk with This Indicator
✅ Wait for Confirmations – Don’t trade blindly at session highs/lows. Look for wicks, rejections, or break/retests.
✅ Use Stop-Loss Above/Below Session Levels – If you’re going long, set SL below a session low. If short, set SL above a session high.
✅ Watch Volume & News Events – Breakouts without strong volume or news may be fake moves.
✅ Combine with Other Strategies – Use price action, trendlines, or EMAs with this indicator for higher probability trades.
✅ Use the Weekly Open for Trend Bias – If price stays below the Weekly Open, avoid bullish setups unless key support holds.
🎯 Who is This Indicator For?
📌 Beginners who need clear session-based trading levels.
📌 Day traders & scalpers looking to refine their intraday setups.
📌 Smart money traders using liquidity concepts.
📌 Swing traders tracking higher timeframe momentum shifts.
🚀 Final Thoughts
This indicator is an essential tool for traders who want to understand market structure, liquidity, and volatility cycles. Whether you’re trading forex, stocks, or crypto, it helps you stay on the right side of the market and avoid unnecessary risks.
🔹 Set it up, customize your colors, define your UTC offset, and start trading smarter today! 🏆📈
Smart ChannelThe "Smart Channel" indicator is designed to dynamically identify and plot price channels on a chart. It uses a statistical approach based on Pearson's correlation coefficient to determine the best-fit channel for both short-term and long-term trends. This allows traders to visualize potential support and resistance levels, identify trend direction, and potentially anticipate breakouts or reversals.
How it Works:
Data Input: The indicator takes a source input (typically the closing price) as the basis for its calculations.
Period Selection: It defines two sets of lookback periods: one for short-term analysis and one for long-term analysis. The code iterates through these periods, calculating a linear regression and standard deviation for each.
Pearson's Correlation: For each period, the indicator calculates Pearson's R, which measures the strength and direction of the linear relationship between price and time. A higher absolute value of Pearson's R indicates a stronger trend.
Best Fit Channel: The indicator identifies the period with the highest Pearson's R for both short-term and long-term and uses the corresponding linear regression parameters (slope and intercept) to define the midline of the channel.
Standard Deviation: The standard deviation of the price data around the regression line is calculated. This is used to define the upper and lower boundaries of the channel. The channel width is controlled by a "Deviation Multiplier" input.
Channel Plotting: The indicator plots the midline, upper boundary, and lower boundary of the channel on the chart. Separate channels are plotted for the short-term and long-term best-fit periods, using different colors for easy visual distinction.
Dynamic Updates: The channel is dynamically updated as new price data becomes available, adjusting to the evolving market trend.
Key Inputs and Settings:
Source: The price data used for calculations (e.g., close, open, high, low, etc.).
Use Long-Term Channel: A boolean input to enable/disable the calculation and plotting of the long-term channel.
Deviation Multiplier: Controls the width of the channel (how many standard deviations away from the midline the boundaries are).
Channel/Midline Colors and Transparency: Customizable colors and transparency levels for the channel lines and fill.
Line Styles: Options for solid, dotted, or dashed lines for the channel boundaries and midline.
Extend Style: How the channel lines should extend (right, both, none, left).
Interpretation and Usage:
Trend Identification: The direction of the midline indicates the prevailing trend. An upward-sloping midline suggests an uptrend, while a downward-sloping midline suggests a downtrend.
Support and Resistance: The upper and lower channel boundaries can act as potential support and resistance levels.
Breakouts: A price move outside of the channel boundaries may signal a potential breakout or reversal.
Overbought/Oversold: Prices touching or exceeding the upper boundary might suggest an overbought condition, while prices touching or exceeding the lower boundary might suggest an oversold condition.
Short-Term vs. Long-Term: Comparing the short-term and long-term channels can provide insights into the overall market context. For example, a short-term uptrend within a long-term downtrend might suggest a potential buying opportunity before the larger trend resumes.
Long and Short Term Highs and LowsLong and Short Term Highs and Lows
Overview:
This indicator is designed to help traders identify significant price points by marking new highs and lows over two distinct timeframes—a long-term and a short-term period. It achieves this by drawing optional channel lines that outline the highest highs and lowest lows over the chosen time periods and by plotting visual markers (triangles) on the chart when a new high or low is detected.
Key Features:
Dual Timeframe Analysis:
Long Term: Uses a user-defined “Time Period” (default 52) and “Time Unit” (default: Weekly) to determine long-term high and low levels.
Short Term: Uses a separate “Time Period” (default 50) and “Time Unit” (default: Daily) to compute short-term high and low levels.
Optional Channel Display:
For both long and short term periods, you have the option to display a channel by plotting the highest and lowest values as lines. This visual channel helps to delineate the range within which the price has traded over the selected period.
New High/Low Markers:
The indicator identifies moments when the highest high or lowest low is updated relative to the previous bar.
When a new high is established, an up triangle is plotted above the bar.
Conversely, when a new low occurs, a down triangle is plotted below the bar.
Separate input toggles allow you to enable or disable these markers independently for the long-term and short-term setups.
Inputs and Settings:
Long Term High/Low Period Settings:
Show New High/Low? (STW): Toggle to enable or disable the plotting of new high/low markers for the long-term period.
Time Period: The number of bars used to calculate the highest high and lowest low (default is 52).
Time Unit: The timeframe on which the long-term calculation is based (default is Weekly).
Show Channel? (SCW): Toggle to display the channel lines that connect the long-term high and low levels.
Short Term High/Low Period Settings:
Show New High/Low?: Toggle to enable or disable the plotting of new high/low markers for the short-term period.
Time Period: The number of bars used for calculating the short-term extremes (default is 50).
Time Unit: The timeframe on which the short-term calculations are based (default is Daily).
Show Channel?: Toggle to display the channel lines for the short-term highs and lows.
Indicator Logic:
Channel Calculation:
The script uses the request.security function to pull data from the specified timeframes. For each timeframe:
It calculates the lowest low over the defined period using ta.lowest.
It calculates the highest high over the defined period using ta.highest.
These values can be optionally plotted as channel lines when the “Show Channel?” option is enabled.
New High/Low Detection:
For each timeframe, the indicator compares the current high (or low) with its immediate previous value:
New High: When the current high exceeds the previous bar’s high, an up triangle is drawn above the bar.
New Low: When the current low falls below the previous bar’s low, a down triangle is drawn below the bar.
Usage and Interpretation:
Trend Identification:
When new highs (or lows) occur, they can signal the start of a strong upward (or downward) movement. The indicator helps you visually track these critical turning points over both longer and shorter periods.
Channel Breakouts:
The optional channel display offers additional context. Price movement beyond these channels may indicate a breakout or a significant shift in trend.
Customizable Timeframes:
You can adjust both the time period and time unit to fit your trading style—whether you’re focusing on longer-term trends or short-term price action.
Conclusion:
This indicator provides a dual-layer analysis by combining long-term and short-term perspectives, making it a versatile tool for identifying key highs and lows. Whether you are looking to confirm trend strength or spot potential breakouts, the “Long and Short Term Highs and Lows” indicator adds a valuable visual element to your TradingView charts.
Schwarzman Custom ORB with Box DisplayIndicator Overview
The Schwarzman Custom ORB (Opening Range Breakout) Indicator is a fully self-developed script designed for traders who utilize opening range breakout strategies. This indicator allows users to customize their ORB settings, apply them to historical price data, and visually connect multiple ORBs to analyze past performance. The goal is to provide traders with a tool to backtest and refine their breakout strategies based on historical ORB data.
How the Indicator Works
1️⃣ User-Defined ORB Settings
• The user selects a custom start time (hour and minute) for the ORB.
• The user defines a duration (e.g., 15 minutes, 30 minutes, etc.) for the ORB period.
• A timezone offset is included to adjust for different market sessions.
2️⃣ ORB High and Low Calculation
• The script records the highest and lowest prices within the selected ORB time window.
• The recorded values remain static after the ORB period ends, ensuring accurate range plotting.
3️⃣ Historical ORB Visualization
• Instead of only showing a single ORB for the current session, this indicator connects multiple ORBs across past data.
• This allows traders to visually analyze previous breakout performance.
• The plotted ORBs remain fixed and do not repaint, ensuring an accurate backtesting experience.
4️⃣ Stepline Visualization & Range Filling
• The high and low ORB levels are displayed using stepline plots to maintain clear horizontal levels.
• A shaded box is applied between the ORB high and low for better visualization.
Use Cases & Strategy Application
📌 Backtesting Historical ORBs – See how past ORBs performed under different market conditions.
📌 Custom ORB Settings – Adjust the start time and duration for different trading sessions.
📌 Multi-ORB Analysis – Connect ORBs over multiple trading days to study trends and breakouts.
📌 Breakout Strategy Optimization – Use the historical ORB connections to refine entry and exit points.
This indicator is particularly useful for day traders, scalpers, and breakout traders looking for a data-driven approach to trading.
Indicator Development & Transparency Statement
As a trader, I have tested various ORB (Opening Range Breakout) indicators available in the TradingView community. Through these experiences, I aimed to develop a version that best fits my own trading needs and strategy.
This script is a self-developed ORB tool, created from scratch while drawing inspiration from the concept of opening range breakouts, which is widely used in trading. Since I initially coded in Pine Script v4, I used ChatGPT to help refine and migrate the script to Pine Script v6 to ensure compatibility with the latest TradingView features. However, the core logic, structure, and customization were entirely designed and implemented based on my own approach.
I am making this indicator public not to violate any TradingView guidelines but to share my work with the trading community and provide a tool that can help others analyze ORB-based strategies. If there are any compliance concerns, I am open to adjusting the script accordingly, but I want to clarify that this is not a copy of any existing ORB script—it is a custom-built indicator tailored to my own trading preferences.
I appreciate the opportunity to contribute to the community and would welcome any specific feedback from TradingView regarding rule compliance.
Best regards,
Janko S. (Schwarzman)
Appeal to TradingView
Dear TradingView Team,
This script is 100% self-developed and does not copy or replicate any third-party code. It is a customized ORB tool designed for traders who wish to backtest and analyze opening range breakout strategies over multiple sessions. We kindly request specific clarification regarding which exact line(s) of code violate TradingView’s guidelines. If there are any compliance concerns, we are happy to adjust the script accordingly.
Please let us know the precise rules or community guidelines that were violated so we can make the necessary modifications.
🚀 Summary
✔ Fully Custom & Self-Developed – No copied or third-party code.
✔ Innovative Feature – Connects past ORBs for strategy backtesting.
✔ Transparent & Compliant – Requesting exact details on any potential rule violations.
Market Structure HH, HL, LH and LLMarket Structure Indicator (HH, HL, LH, LL) – Explanation and Usage
Overview:
This indicator is designed to detect and visualize market structure shifts by identifying Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL). It plots a ZigZag structure to mark trend changes, helping traders analyze price swings and market direction.
Indicator Logic:
The indicator operates based on ZigZag swing points to define trend shifts and structure changes.
Identifying Market Swings:
It finds local highs and lows using the ZigZag Length (zigzag_len), which defines how many bars back to check for a new swing high/low.
If the current high is the highest over zigzag_len periods, it marks it as a swing high.
If the current low is the lowest over zigzag_len periods, it marks it as a swing low.
Determining Market Structure:
Uptrend: Higher Highs (HH) & Higher Lows (HL)
Downtrend: Lower Lows (LL) & Lower Highs (LH)
The script continuously tracks the last two highs (h0, h1) and last two lows (l0, l1) to classify the current market structure.
Visual Elements:
ZigZag Line (Optional): Connects major swing highs and lows for trend visualization.
Labels (HH, HL, LH, LL):
HH (Higher High) – Price is making new highs → Uptrend Continuation.
HL (Higher Low) – Price forms a higher bottom → Uptrend Confirmation.
LL (Lower Low) – Price is making new lows → Downtrend Continuation.
LH (Lower High) – Price forms a lower top → Downtrend Confirmation.
Breakout Confirmation with Fibonacci Factor (Optional)
The indicator includes an option to confirm breakouts using the fib_factor, which ensures price moves beyond a certain retracement level.
How to Use This Indicator in Trading:
1. Identifying Trends & Trend Reversals
Uptrend: Look for a sequence of HH and HL.
Downtrend: Look for a sequence of LL and LH.
Trend Reversal: If price transitions from HH-HL to LH-LL, it signals a shift from an uptrend to a downtrend (and vice versa).
2. Confirming Entry & Exit Points
Buy Entry (Long Position)
Enter after a Higher Low (HL) is confirmed in an uptrend.
Combine with support zones or moving averages for confirmation.
Sell Entry (Short Position)
Enter after a Lower High (LH) is confirmed in a downtrend.
Combine with resistance zones or moving averages for confirmation.
Exit Strategy
Exit long trades when price fails to make a HH and forms an LH instead.
Exit short trades when price fails to make a LL and forms an HL instead.
3. Spotting Breakouts & Order Blocks
The Fib Factor setting allows traders to filter false breakouts by confirming price movement beyond a retracement threshold.
Potential Order Blocks can be identified by looking at the last major swing point before a breakout.
Benefits of This Indicator for Traders
✅ Trend Identification: Helps traders quickly determine if the market is in an uptrend or downtrend.
✅ Clear Market Structure Labels: Easily visualizes Higher Highs, Higher Lows, Lower Highs, and Lower Lows.
✅ Avoids Noise: The ZigZag algorithm removes small fluctuations and focuses on significant market movements.
✅ Assists with Entry & Exit Decisions: Provides objective signals for trend continuation or reversals.
✅ Works in All Markets: Useful for stocks, forex, crypto, and futures trading.
Would you like me to add additional features like Order Blocks, Breakout Confirmation, or Alerts to improve this indicator? 🚀
Price Move DetectorThe Price Move Detector is a powerful technical analysis tool that automatically detects and highlights significant price movements over a user-defined time frame. This indicator allows traders to quickly identify instances where an asset has experienced a large price change, making it easier to spot potential trading opportunities.
Key Features
Customizable Parameters: Adjust the percentage change and time period (bars or sessions) to define what qualifies as a "significant" price move.
Automatic Highlighting: The indicator overlays a background highlight on the chart whenever the price moves by the specified percentage within the chosen time period.
Flexible Time Frame: Use this indicator across various timeframes and adjust the settings to suit your trading strategy, such as detecting 100% price moves over 20 sessions.
Ideal for Historical Analysis: Perfect for backtesting and screening for past price surges, helping traders spot explosive price action and market trends.
Use Cases
Spot Potential Breakouts: Use the detector to identify stocks or assets that have made significant moves, potentially signaling the start of a breakout or new trend.
Quickly Identify Major Market Moves: Scan historical data to pinpoint times when an asset experienced substantial price changes, providing insight into past performance and future potential.
How to Use
Customize the Settings
Percentage Threshold: Set the minimum percentage increase (e.g., 50%, 100%) that qualifies as a significant move. You can experiment with different percentages to suit your analysis.
Time Period (Bars): Define the lookback period (in bars/sessions) over which the price move should be measured. For example, set it to 20 bars for a one-month time frame on a daily chart.
Analyze the Highlights
Whenever the price increases by the defined percentage over the set period, the indicator will highlight that section of the chart with a background color.
The highlighted sections will make it easy to identify historical periods of large price movements, which can be useful for spotting trends, potential breakouts, or other market behaviors.
Adjust the Parameters for Your Strategy
You can fine-tune the settings to detect smaller or larger price moves depending on your trading goals.
The indicator is flexible enough for use on different timeframes and assets, providing valuable insights across various markets.
The JewelThe Jewel is a comprehensive momentum and trend-based indicator designed to give traders clear insights into potential market shifts. By integrating RSI, Stochastic, and optional ADX filters with an EMA-based trend filter, this script helps identify high-conviction entry and exit zones for multiple trading styles, from momentum-based breakouts to mean-reversion setups.
Features
Momentum Integration:
Leverages RSI and Stochastic crossovers for real-time momentum checks, reducing noise and highlighting potential turning points.
Optional ADX Filter:
Analyzes market strength; only triggers signals when volatility and directional movement suggest strong follow-through.
EMA Trend Filter:
Identifies broad market bias (bullish vs. bearish), helping traders focus on higher-probability setups by aligning with the prevailing trend.
Caution Alerts:
Flags potentially overbought or oversold conditions when both RSI and Stochastic reach extreme zones, cautioning traders to manage risk or tighten stops.
Customizable Parameters:
Fine-tune RSI, Stochastic, ADX, and EMA settings to accommodate various assets, timeframes, and trading preferences.
How to Use
Momentum Breakouts: Watch for RSI cross above a set threshold and Stochastic cross up, confirmed by ADX strength and alignment with the EMA filter for potential breakout entries.
Mean Reversion: Look for caution signals (RSI & Stoch extremes) as early warnings for trend slowdown or reversal opportunities.
Trend Continuation: In trending markets, rely on the EMA filter to stay aligned with the primary direction. Use momentum crosses (RSI/Stochastic) to time add-on entries or exits.
Important Notes
Non-Investment Advice
The Jewel is a technical analysis tool and does not constitute financial advice. Always use proper risk management and consider multiple confirmations when making trading decisions.
No Warranty
This indicator is provided as-is, without warranty or guarantees of performance. Traders should backtest and verify its effectiveness on their specific instruments and timeframes.
Collaborate & Share
Feedback and suggestions are welcome! Engaging with fellow traders can help refine and adapt The Jewel for diverse market conditions, strengthening the TradingView community as a whole.
Happy Trading!
If you find this script valuable, please share your feedback, ideas, or enhancements. Collaboration fosters a more insightful trading experience for everyone.
BTC Trendline Patterns with Signals BTC Trendline Patterns with Signals
This custom Pine Script indicator automatically detects key pivot points in Bitcoin price action and draws support and resistance trendlines. The indicator provides buy (long) and sell (short) signals when these trendlines are broken. This can help traders identify potential breakout opportunities and trend reversals based on established price levels.
Features:
Pivot Point Detection: Automatically identifies pivot highs and lows in the price chart, based on customizable parameters (Pivot Left and Pivot Right).
Support and Resistance Trendlines: Draws trendlines based on the identified pivot points. These lines represent significant price levels where price may experience support or resistance.
Breakout Signals: Provides buy (long) and sell (short) signals when the price breaks above the resistance trendline (for buy signals) or below the support trendline (for sell signals).
Customizable Pivot Lengths: Adjust the number of bars considered for determining pivot points using the Pivot Left and Pivot Right input parameters.
How it Works:
Pivot Detection: The script identifies the highest high (pivotHigh) and the lowest low (pivotLow) within a specific range of bars (defined by Pivot Left and Pivot Right).
Trendline Plotting: Once pivots are detected, the script draws resistance (red) and support (green) trendlines connecting the most recent pivots. These trendlines act as dynamic support and resistance levels.
Breakout Signals: The script generates signals:
BUY (Long): Triggered when the price breaks above the most recent resistance trendline.
SELL (Short): Triggered when the price breaks below the most recent support trendline.
Parameters:
Pivot Left: Number of bars to the left of the pivot point to consider.
Pivot Right: Number of bars to the right of the pivot point to consider.
Line Width: Customizable line width for drawing trendlines.
Ideal Use:
Timeframes: This indicator works well on timeframes ranging from 1-minute to daily charts. For best results, use it on 1-hour, 4-hour, or daily charts.
Strategy: Ideal for breakout traders or trend-following strategies. Use it to identify potential entry points when price breaks key levels of support or resistance.
Example Use Case:
Swing Traders: Traders looking for potential breakouts can use this script to identify key levels in the market and wait for the price to break through resistance for a long trade or support for a short trade.
Day Traders: For those looking to enter and exit trades in a single day, this indicator can help pinpoint areas of support and resistance, and provide actionable signals when price breaks those levels.
Disclaimer:
This script is not a guarantee of success and should be used in conjunction with other technical analysis tools. Always perform additional research and backtesting before live trading.
Important Notes:
The pivot points and trendlines may adjust dynamically as the price evolves. Adjust the pivot settings to suit the volatility and timeframe of the market you're trading.
This indicator works best when combined with other indicators such as volume, RSI, or MACD for confirmation.
How to Use:
Add the indicator to your chart.
Adjust the Pivot Left and Pivot Right parameters to fine-tune the pivot point detection.
Monitor for trendline breakouts. When the price breaks above the resistance line, a BUY signal will appear. When the price breaks below the support line, a SELL signal will appear.
Use the signals to enter trades at the right moment.
Final Notes:
If you're submitting to TradingView for publishing, keep your description clear and informative, but also concise. Traders need to quickly understand how your indicator works, what parameters they can adjust, and how it might fit into their trading strategy.
Squeeze Momentum Indicator [CHE] Squeeze Momentum Indicator
The Squeeze Momentum Indicator is an improved and simplified version of the classic Squeeze Momentum Indicator by LazyBear. It focuses on precise detection of squeeze phases without relying on Keltner Channels (KC) or complex momentum calculations. Instead, it emphasizes the dynamic analysis of Bollinger Band widths and their distance changes to provide clear and intuitive signals.
What is the Squeeze Momentum Indicator ?
This indicator helps you identify periods of low volatility (squeeze phases) when the market is often poised for significant moves. With its clear visualization and innovative methods, it enables traders to spot breakout opportunities early and trade strategically.
Differences from the Original LazyBear Indicator
1. Use of Bollinger Bands (BB):
- LazyBear Indicator combines Bollinger Bands with Keltner Channels. A squeeze is detected when the Bollinger Bands fall inside the Keltner Channels.
- CHE Indicator relies solely on Bollinger Bands and an additional analysis of their width (distance between the upper and lower bands). This makes the calculation more straightforward and reduces dependency on multiple indicator families.
2. Squeeze Detection:
- LazyBear: A squeeze is defined based on the relationship between Bollinger Bands and Keltner Channels. It has three states: “Squeeze On,” “Squeeze Off,” and “No Squeeze.”
- CHE: A squeeze is detected when the width of the Bollinger Bands falls below the lower "Distance Bollinger Bands." It only has two states: Squeeze Active and No Squeeze.
3. Momentum Calculation:
- LazyBear: Uses linear regression (LinReg) to calculate momentum and displays it as color-coded histograms.
- CHE: Does not include momentum calculations. The focus is entirely on volatility visualization and squeeze detection.
4. Visualization:
- LazyBear: Displays momentum histograms and horizontal lines to signal different states.
- CHE: Visualizes the width of the Bollinger Bands and their Distance Bollinger Bands as lines on the chart. The chart background turns green when a squeeze is detected, simplifying interpretation.
What Is Plotted?
1. Bollinger Band Width:
- A line representing the distance between the upper and lower Bollinger Bands, measuring market volatility.
2. Distance Bollinger Bands:
- Two additional lines (upper and lower Distance Bollinger Bands) based on the Bollinger Band width, defining thresholds for squeeze conditions.
3. Session-Specific Box:
- A dynamic box is drawn on the chart during a squeeze phase. The box marks the high and low of the market for the squeeze duration. It visually frames the range, helping traders monitor breakouts beyond these levels.
4. Max/Min Markers:
- The indicator dynamically updates and marks the maximum and minimum price levels during a squeeze. These levels can serve as breakout thresholds or critical reference points for price action.
5. Background Color:
- The chart background turns green when a squeeze is active (Bollinger Band width falls below the lower Distance Bollinger Bands). This highlights potential breakout conditions.
How to Use the CHE Indicator
1. Add the Indicator:
- Add the indicator to your chart and customize settings such as Bollinger Band length (`sqz_length`) and multiplier (`sqz_multiplier`) to fit your strategy.
2. Identify Squeeze Conditions:
- Watch for the green background, which signals a squeeze—indicating a period of low volatility where significant market moves often follow.
3. Monitor the Box and Max/Min Levels:
- During a squeeze, the box outlines the trading range, and the maximum and minimum levels are updated in real time. Use these as breakout triggers or support/resistance zones.
4. Session-Specific Analysis:
- The indicator can highlight squeezes during specific trading sessions (e.g., market open), allowing you to focus on key time frames.
5. Additional Confirmation:
- Combine the CHE Indicator with price action analysis or momentum tools to determine the direction of potential breakouts.
Why Use the Squeeze Momentum Indicator ?
- Simplicity: Clear visualization and reduced complexity by eliminating Keltner Channels and momentum calculations.
- Flexibility: Suitable for all markets—stocks, forex, crypto, and more.
- Enhanced Visualization: The box and max/min markers provide real-time visual cues for range-bound trading and breakout strategies.
- Efficiency: Focuses on what matters most—identifying volatility and squeeze phases.
With the Squeeze Momentum Indicator , you can take your trading strategy to the next level. Thanks to its clear design, dynamic range visualization, and innovative methods, you’ll recognize breakout opportunities earlier and trade with greater precision. Try it out and experience its user-friendliness and effectiveness for yourself!
Market Structure V3Indicator Description:
The Market Structure indicator is a unique and innovative tool for identifying and visualizing key market structures based on dynamic swing highs and lows. This indicator stands apart from similar tools by utilizing a distinct methodology for updating levels and identifying trends, ensuring precision and flexibility in market analysis.
Key Features of Uniqueness:
1. No Fixed Lookback Periods for Extremum Detection:
- Unlike most indicators that rely on a predefined number of candles (lookback period) to determine highs or lows, this script dynamically updates levels based solely on price action.
- A new high (resistance) or low (support) is confirmed only when the closing price breaks above the previous high or below the previous low, representing the last significant extremums .
- This approach eliminates arbitrary lookback-based restrictions, allowing the indicator to adapt seamlessly to different market conditions and timeframes.
2. Dynamic Level Adjustments:
- Levels are recalculated and adjusted in real time as new price action unfolds, providing traders with highly accurate and relevant support and resistance levels.
- The upper and lower bounds serve as dynamic anchors for trend analysis, updating only when a confirmed breakout occurs.
3. Fractal and Trend-Driven Logic:
- The script inherently respects the fractal nature of price movements by focusing on confirmed breakouts of previous significant extremums , avoiding reliance on shorter-term noise.
- This makes the indicator particularly effective for identifying true trend reversals and continuations.
4. Visual Clarity and Structure Mapping:
- The indicator labels the following structural points directly on the chart:
- **Higher Highs (HH)** for uptrend confirmation.
- **Lower Highs (LH)** for potential trend weakening.
- **Lower Lows (LL)** for downtrend confirmation.
- **Higher Lows (HL)** for potential trend reversals.
- Levels and labels are updated dynamically and accurately reflect the market's structural evolution.
5. Clean and Noise-Free Analysis:
- The absence of arbitrary inputs (e.g., lookback periods) ensures the indicator focuses only on meaningful price action, reducing false signals.
- Works seamlessly across all instruments and timeframes without requiring constant parameter adjustments.
6. Highly Adaptable:
- Suitable for any financial market, including stocks, forex, and cryptocurrencies.
- Performs equally well on all timeframes, from intraday to long-term analysis.
How the Indicator Works:
1. Dynamic Level Updates :
- The indicator evaluates price action in real time and identifies significant levels based on breakouts above previous highs or below previous lows.
- Upper Bound (Resistance) : Updated only when the closing price exceeds the previous significant high.
- Lower Bound (Support) : Updated only when the closing price falls below the previous significant low.
2. Trend Determination:
- Identifies and marks structural points (HH, LH, LL, HL) as trends develop.
- Swing points are updated dynamically without relying on fixed lookback parameters, ensuring that levels reflect the true market structure.
3. Confirmation Logic:
- The script uses a user-configurable parameter `Extremum confirmation bars count` to refine the process of confirming significant swing points.
- This ensures flexibility in adapting to different market conditions while maintaining precision in level detection.
Unique Advantages Over Similar Indicators:
1. No Arbitrary Inputs:
- Unlike other indicators that require users to set the number of candles for extremum detection, this script eliminates the need for such settings, relying solely on actual price breakouts.
2. Dynamic Real-Time Adjustments:
- The logic of level updates is event-driven (based on closing prices crossing key levels), making it more reactive and precise compared to static lookback-based calculations.
3. Enhanced Structural Clarity:
- Focuses exclusively on confirmed significant levels , avoiding clutter and ambiguity often seen in lookback-based indicators.
4. Fractal and Self-Adaptive Nature:
- The script inherently respects market fractality, making it effective across all timeframes and market conditions.
Practical Applications:
- Trend Identification:
Helps identify whether the market is in an uptrend, downtrend, or consolidation phase.
- Entry and Exit Points:
Use swing highs and lows as references for entering or exiting positions.
- Support and Resistance Levels:
Dynamic levels provide actionable areas for placing stop-losses and take-profits.
Input Parameters:
- Extremum Confirmation Bars Count:
Adjusts the sensitivity of extremum detection. The higher the value, the more conservative the indicator becomes in confirming levels. Default is `3`.
Chart Setup and Usage Notes:
1. Clean Visualization:
- Ensure a clean chart for better visibility of structural points and levels.
- Do not overlay with additional indicators unless explicitly required.
2. User Guidance:
- Combine this indicator with volume analysis or other confirmation tools to enhance decision-making.
Disclaimer:
This indicator is for educational purposes only and does not constitute financial advice. Always perform your own analysis and trade responsibly.
SMB MagicSMB Magic
Overview: SMB Magic is a powerful technical strategy designed to capture breakout opportunities based on price movements, volume spikes, and trend-following logic. This strategy works exclusively on the XAU/USD symbol and is optimized for the 15-minute time frame. By incorporating multiple factors, this strategy identifies high-probability trades with a focus on risk management.
Key Features:
Breakout Confirmation:
This strategy looks for price breakouts above the previous high or below the previous low, with a significant volume increase. A breakout is considered valid when it is supported by strong volume, confirming the strength of the price move.
Price Movement Filter:
The strategy ensures that only significant price movements are considered for trades, helping to avoid low-volatility noise. This filter targets larger price swings to maximize potential profits.
Exponential Moving Average (EMA):
A long-term trend filter is applied to ensure that buy trades occur only when the price is above the moving average, and sell trades only when the price is below it.
Fibonacci Levels:
Custom Fibonacci retracement levels are drawn based on recent price action. These levels act as dynamic support and resistance zones and help determine the exit points for trades.
Take Profit/Stop Loss:
The strategy incorporates predefined take profit and stop loss levels, designed to manage risk effectively. These levels are automatically applied to trades and are adjusted based on the market's volatility.
Volume Confirmation:
A volume multiplier confirms the strength of the breakout. A trade is only considered when the volume exceeds a certain threshold, ensuring that the breakout is supported by sufficient market participation.
How It Works:
Entry Signals:
Buy Signal: A breakout above the previous high, accompanied by significant volume and price movement, occurs when the price is above the trend-following filter (e.g., EMA).
Sell Signal: A breakout below the previous low, accompanied by significant volume and price movement, occurs when the price is below the trend-following filter.
Exit Strategy:
Each position (long or short) has predefined take-profit and stop-loss levels, which are designed to protect capital and lock in profits at key points in the market.
Fibonacci Levels:
Fibonacci levels are drawn to identify potential areas of support or resistance, which can be used to guide exits and stop-loss placements.
Important Notes:
Timeframe Restriction: This strategy is designed specifically for the 15-minute time frame.
Symbol Restriction: The strategy works exclusively on the XAU/USD (Gold) symbol and is not recommended for use with other instruments.
Best Performance in Trending Markets: It works best in trending conditions where breakouts occur frequently.
Disclaimer:
Risk Warning: Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and make informed decisions before trading.
STANDARD DEVIATION INDICATOR BY WISE TRADERWISE TRADER STANDARD DEVIATION SETUP: The Ultimate Volatility and Trend Analysis Tool
Unlock the power of STANDARD DEVIATIONS like never before with the this indicator, a versatile and comprehensive tool designed for traders who seek deeper insights into market volatility, trend strength, and price action. This advanced indicator simultaneously plots three sets of customizable Deviations, each with unique settings for moving average types, standard deviations, and periods. Whether you’re a swing trader, day trader, or long-term investor, the STANDARD DEVIATION indicator provides a dynamic way to spot potential reversals, breakouts, and trend-following opportunities.
Key Features:
STANDARD DEVIATIONS Configuration : Monitor three different Bollinger Bands at the same time, allowing for multi-timeframe analysis within a single chart.
Customizable Moving Average Types: Choose from SMA, EMA, SMMA (RMA), WMA, and VWMA to calculate the basis of each band according to your preferred method.
Dynamic Standard Deviations: Set different standard deviation multipliers for each band to fine-tune sensitivity for various market conditions.
Visual Clarity: Color-coded bands with adjustable thicknesses provide a clear view of upper and lower boundaries, along with fill backgrounds to highlight price ranges effectively.
Enhanced Trend Detection: Identify potential trend continuation, consolidation, or reversal zones based on the position and interaction of price with the three bands.
Offset Adjustment: Shift the bands forward or backward to analyze future or past price movements more effectively.
Why Use Triple STANDARD DEVIATIONS ?
STANDARD DEVIATIONS are a popular choice among traders for measuring volatility and anticipating potential price movements. This indicator takes STANDARD DEVIATIONS to the next level by allowing you to customize and analyze three distinct bands simultaneously, providing an unparalleled view of market dynamics. Use it to:
Spot Volatility Expansion and Contraction: Track periods of high and low volatility as prices move toward or away from the bands.
Identify Overbought or Oversold Conditions: Monitor when prices reach extreme levels compared to historical volatility to gauge potential reversal points.
Validate Breakouts: Confirm the strength of a breakout when prices move beyond the outer bands.
Optimize Risk Management: Enhance your strategy's risk-reward ratio by dynamically adjusting stop-loss and take-profit levels based on band positions.
Ideal For:
Forex, Stocks, Cryptocurrencies, and Commodities Traders looking to enhance their technical analysis.
Scalpers and Day Traders who need rapid insights into market conditions.
Swing Traders and Long-Term Investors seeking to confirm entry and exit points.
Trend Followers and Mean Reversion Traders interested in combining both strategies for maximum profitability.
Harness the full potential of STANDARD DEVIATIONS with this multi-dimensional approach. The "STANDARD DEVIATIONS " indicator by WISE TRADER will become an essential part of your trading arsenal, helping you make more informed decisions, reduce risks, and seize profitable opportunities.
Who is WISE TRADER ?
Wise Trader is a highly skilled trader who launched his channel in 2020 during the COVID-19 pandemic, quickly building a loyal following. With thousands of paid subscribed members and over 70,000 YouTube subscribers, Wise Trader has become a trusted authority in the trading world. He is known for his ability to navigate significant events, such as the Indian elections and stock market crashes, providing his audience with valuable insights into market movements and volatility. With a deep understanding of macroeconomics and its correlation to global stock markets, Wise Trader shares informed strategies that help traders make better decisions. His content covers technical analysis, trading setups, economic indicators, and market trends, offering a comprehensive approach to understanding financial markets. The channel serves as a go-to resource for traders who want to enhance their skills and stay informed about key market developments.
Support, Resistance & Liquidity Pool ZonesSupport, Resistance & Liquidity Pool Zones
This indicator automatically detects and plots support and resistance levels based on pivot points and highlights liquidity pool zones, areas where the trading volume exceeds the average over a set number of bars. It is designed to help traders identify key price levels and liquidity traps that can trigger significant market reactions.
Key Features:
Support & Resistance Levels:
The indicator identifies pivot highs and pivot lows as potential resistance and support levels, respectively.
You can customize the number of levels shown on the chart, making it easier to focus on the most recent and relevant price levels.
Liquidity Pool Zones:
The script detects liquidity pool zones, which are areas with above-average trading volume. These zones often act as regions of interest where price accumulation or distribution occurs, potentially leading to significant price moves.
Liquidity zones are shaded to help traders visually identify areas of high interest in the market.
Customizable Settings:
You can adjust the pivot period to fine-tune how the indicator calculates support and resistance.
Control the number of support/resistance levels displayed on the chart and the period used to detect liquidity pools.
Customize the colors for support, resistance, and liquidity zones to match your charting preferences.
Alerts:
The script includes built-in alerts for when the price breaks above resistance or falls below support, helping traders catch key breakout opportunities.
How It Works:
The script calculates support and resistance levels using pivot highs and lows based on the user-defined pivot period.
It monitors liquidity pool zones by comparing the current trading volume with the average volume over a customizable period. When the volume exceeds the set threshold, a liquidity pool zone is highlighted, providing insight into where the market may accumulate or distribute.
Alerts are triggered when the price breaks above the first resistance level or falls below the first support level, giving traders immediate notification of key market events.
How to Use:
Tune the Pivot Period: Adjust the pivot period to your preferred time horizon (default: 10 bars).
Set Liquidity Pool Parameters: Customize the number of bars considered for liquidity pool detection and the volume multiplier to detect high-volume zones.
Monitor Breakouts: Use the built-in alerts to catch potential breakout or breakdown opportunities near support and resistance levels.
This script is ideal for traders looking for an easy-to-use tool to visualize support and resistance levels and liquidity pools, aiding in decision-making and trade management.
Thrax - Intraday Market Pressure ZonesTHRAX - INTRADAY MARKET PRESSURE ZONES
This indicator identifies potential support and resistance zones based on areas of significant market pressure. It dynamically plots these zones and adjusts their visibility based on real-time price action and user-defined thresholds. The indicator is useful for traders seeking to understand intraday market pressure, visualize zones of potential price reversals, and analyze volume imbalances at critical levels.
1. Support/Resistance Zones: Wherever the price retraces significantly from its high a support zone is drawn and when it retraces significantly from it low a resistance zone is drawn. The significant retracing is measured by the wick threshold percentage. For instance, if set to 75%, it implies price retracement of 75% either from high or from low for a particular candel
Volume delat: Displays volume delta information where the zones are formed. This can be used by trader to consider only those zones where delta is significant.
2. Breakout Detection: Monitors for price breakouts beyond established zones, deleting zones that are invalidated by price movement. when the price breaks a given zone with the threshold, it is considered to be mitigated and chances of trend continuation is decent.
Candle Coloring: Uses color codes (green, red, and yellow) to represent bullish, bearish, and indecisive (doji) candles, aiding quick visual assessment.
INPUTS
1. Wick Threshold (%) : Sets the minimum wick percentage required for a candle to be considered a support or resistance candidate.
2. Breakout Threshold (%) : Determines the percentage above or below a support or resistance zone that defines a breakout condition. if breaks a zone with the set threshold then the zone will be considered mititgated.
3. Max Number of Support/Resistance Zones : Limits the maximum number of support/resistance zones displayed on the chart, ranging from 1 to 5.
4. Show Wick Percentage Labels : Toggles the display of percentage values for upper and lower wicks on each candle.
TRADE SETUP
Identifying Entry Points: Look for the formation of support or resistance zones. Wait for price to retrace to these zones. if you are willing to take risk, you can consider even zones with low delta. If you want to be more cautious you should consider zones with high delta.
Volume Confirmation: Use the volume information to confirm the strength of the zone. Strong volume differences (displayed as labels) can indicate significant market pressure at these levels.
Breakout Trades: If price breaks through a support/resistance zone by more than the breakout threshold, consider this a signal for a potential trend continuation in the breakout direction.
Risk Management: Set stop-loss levels slightly outside of the identified zones to minimize risk in case of false breakouts. This can be set in input setting for breakout threshold.
Bonus Tip : Mark your significant highs and lows from where prices have retraced multiple times in the near past and if the zone is near these levels it can serve s a strong candidate of support or resistance
Therefore, in conclusion monitor the zones, based on delta and volume presence filter out the zone, wait for price retracement to the zone, intiate the trade with stop loss below zone with a set percentage.
Options Series - Explode BB⭐ Bullish Zone:
⭐ Bearish Zone:
⭐ Neutral Zone:
The provided script integrates Bollinger Bands with different lengths (20 and 200 periods) and applies customized candle coloring based on certain conditions. Here's a breakdown of its importance and insights:
⭐ 1. Dual Bollinger Bands (BBs):
Bollinger Bands (BB) with 20-period length:
This is the standard setting for Bollinger Bands, with a 20-period simple moving average (SMA) as the central line and upper/lower bands derived from the standard deviation.
These bands are used to identify volatility. Wider bands indicate higher volatility, while narrower bands indicate low volatility.
200-period BB:
This is a longer-term indicator providing insight into the overall trend and long-term volatility.
The 200-period bands filter out noise and offer a "macro" view of price movements compared to the 20-period bands, which focus on short-term price actions.
⭐ 2. Overlay of Bollinger Bands and SMA:
The script plots the Bollinger Bands along with the SMA (Simple Moving Average) of the 200-period BB. This gives traders both a short-term (20-period) and long-term (200-period) perspective, which is valuable for detecting major trend shifts or key support and resistance zones.
Using multiple time frames (20-period for short-term and 200-period for long-term) can help traders spot both immediate opportunities and overarching trends.
⭐ 3. Candle Coloring Based on Key Conditions:
Bullish Signal (GreenFluroscent): When the price closes above the upper 200-period Bollinger Band, the candle turns green, indicating a potential bullish breakout.
Bearish Signal (RedFluroscent): If the price closes below the lower 200-period Bollinger Band, the candle turns red, suggesting a bearish breakout.
Neutral or Uncertain Market: Candles are gray when the price remains between the upper and lower bands, indicating a lack of a strong directional bias.
This color-coded visualization allows traders to quickly assess market sentiment based on the Bollinger Bands' extremes.
⭐ 4. Strategic Importance of the Setup:
Multi-timeframe Analysis: Combining short-term (20-period) and long-term (200-period) Bollinger Bands enables traders to assess the market's overall volatility and trend strength. The longer-term bands act as a reference for broader trend direction, while the shorter-term bands can signal shorter-term pullbacks or entry/exit points.
Breakout Identification: By color-coding the candles when prices cross either the upper or lower 200-period bands, the script makes it easier to spot potential breakouts. This can be particularly helpful in trading strategies that rely on volatility expansions or trend-following tactics.
⭐ 5. Customization and Flexibility:
Custom Colors: The script uses distinct fluorescent green and red colors to highlight key bullish and bearish conditions, providing clear visual cues.
Simplicity with Flexibility: Despite its simplicity, the script leaves room for customization, allowing traders to adjust the Bollinger Band multipliers or apply different conditions to candle coloring for more nuanced setups.
This script enhances standard Bollinger Band usage by introducing multi-timeframe analysis, breakout signals, and visual cues for trend strength, making it a powerful tool for both trend-following and mean-reversion strategies.
🚀 Conclusion:
This script effectively simplifies volatility analysis by visually marking bullish, bearish, and neutral zones, making it a robust tool for identifying trade opportunities across multiple timeframes. Its dual-band approach ensures both trend-following and mean-reversion strategies are supported.
RGLRGL Breakout and Retest Trade Strategy
Key Concepts:
Breakout: A breakout occurs when the price moves decisively through a significant support (green line) or resistance (red line) level. This indicates a shift in supply and demand dynamics, with the potential for a strong price movement in the breakout direction.
Retest: After the breakout, the price often returns to the broken level (support becomes resistance and vice versa) to test its validity. This retest provides an opportunity to enter the trade at a more favorable price with confirmation of the breakout.
ADX with Donchian Channels
The "ADX with Donchian Channels" indicator combines the Average Directional Index (ADX) with Donchian Channels to provide traders with a powerful tool for identifying trends and potential breakouts.
Features:
Average Directional Index (ADX):
The ADX is used to quantify the strength of a trend. It helps traders determine whether a market is trending or ranging.
Adjustable parameters for ADX smoothing and DI length allow traders to fine-tune the sensitivity of the trend strength measurement.
Donchian Channels on ADX:
Donchian Channels are applied directly to the ADX values to highlight the highest high and lowest low of the ADX over a specified period.
The upper and lower Donchian Channels can signal potential trend breakouts when the ADX value moves outside these bounds.
The middle Donchian Channel provides a reference for the average trend strength.
Visualization:
The indicator plots the ADX line in red to clearly display the trend strength.
The upper and lower Donchian Channels are plotted in blue, with a green middle line to represent the average.
The area between the upper and lower Donchian Channels is filled with a blue shade to visually emphasize the range of ADX values.
Default Settings for Scalping:
Donchian Channel Length: 10
Standard Deviation Multiplier: 1.58
ADX Length: 2
ADX Smoothing Length: 2
These default settings are optimized for scalping, offering a quick response to changes in trend strength and potential breakout signals. However, traders can adjust these settings to suit different trading styles and market conditions.
How to Use:
Trend Strength Identification: Use the ADX line to identify the strength of the current trend. Higher ADX values indicate stronger trends.
Breakout Signals: Monitor the ADX value in relation to the Donchian Channels. A breakout above the upper channel or below the lower channel can signal a potential trend continuation or reversal.
Range Identification: The filled area between the Donchian Channels provides a visual representation of the ADX range, helping traders identify when the market is ranging or trending.
This indicator is designed to enhance your trading strategy by combining trend strength measurement with breakout signals, making it a versatile tool for various market conditions.
