W and M Pattern with Trend AlertThis script detects W and M patterns in price action and alerts the trader when these patterns occur, providing potential trading opportunities.
W Pattern: A W pattern forms when the price creates two bottoms, separated by a higher low in the middle. It often indicates a reversal from a downtrend to an uptrend. The script plots a green line at the neckline of the W pattern.
M Pattern: An M pattern forms when the price creates two tops, separated by a lower high in the middle. It often indicates a reversal from an uptrend to a downtrend. The script plots a red line at the neckline of the M pattern.
Key Features:
Alerts: The script generates alerts when W or M patterns are detected, allowing traders to stay informed of potential trading opportunities.
Recent Breakout: W and M pattern lines are drawn only after the recent breakout of support or resistance levels, helping traders focus on current market conditions.
Visual Representation: The script visually represents W and M patterns with vertical lines at the neckline, making it easier for traders to identify potential reversal points.
Usage:
Watch for alerts indicating the detection of W or M patterns.
Verify the pattern visually on the chart, paying attention to recent support or resistance levels.
Consider entering a trade based on the direction suggested by the pattern (e.g., long on W pattern, short on M pattern), using additional technical analysis to confirm the trade setup.
Cerca negli script per "chart"
Tomorrow CamarillaThis indicator will help you to find the next day camarilla pivots
note: you need to customise the settings use #ENABLE PRICE LINE# then you got the next day line on your chart
NDOG + ASIA CONFLUENCENDOG (New Day Opening Gap) Visualization:
The indicator identifies and visualizes New Day Opening Gaps (NDOGs), which are essentially the differences between the opening price of a new trading day and the closing price of the previous day.
For each NDOG identified, it creates a box on the chart that highlights the high and low price range of the NDOG.
The color of these boxes, as well as the number of NDOGs to be displayed, can be customized by the user.
Asia Session Highlighting:
The indicator includes a feature to highlight the Asia trading session, typically spanning from 18:00 to 00:00, but customizable to suit different time zones or preferences.
It does not dynamically calculate or display the Asia session but uses a fixed time input by the user.
The color for highlighting the Asia session can be chosen by the user.
Additional Lines on NDOGs:
The script draws horizontal lines at the high and low of each NDOG, spanning from 18:00 to 00:00, to visually represent the range of the NDOG during the Asia session.
The color of these lines can be customized.
Customizability:
The indicator provides various input options for users to customize the colors of the NDOG boxes and the lines that represent the high and low of the NDOGs.
Purpose and Usage:
This indicator is useful for traders who focus on price gaps between trading days and are particularly interested in the price action during the Asia trading session.
It helps in identifying potential zones of interest where significant price movements or trading activities could occur, especially at the opening of a new trading day.
382 Detector with ArrowsThis indicator searches for all 382 candles on the chart.
For a bullish 382 candle, it means that the body of the candle (open to close) are on the top 38.2% of the entire candle (including the wick). Such candlestick pattern displays a bullish pattern because the buyers are in control and pushed for higher prices at the close of the bar.
On the other hand, a bearish 382 candle, the body of the candle (close to open) are on the bottom 38.2% of the entire candle (including the wick). Such candlestick pattern displays a bearish pattern because the sellers are in control and pushed for lower prices at the close of the bar.
If a bullish 382 candle is detected, a light blue arrow will be displayed on the bottom of the candlestick.
If a bearish 382 candle is detected, a pink arrow will be displayed on the top of the candlestick.
Please note that these are only candlestick pattern detectors and are by no means bullish or bearish trade signals. An upward arrow does not represent any long trade opportunity and similarly a downward arrow does not represent any short trade opportunity. These are just visual representation of candlestick patterns. Please trade at your own risk.
Improved EMA & CDC Trailing Stop StrategyImproved EMA & CDC Trailing Stop Strategy
Objective: This strategy seeks to exploit potential trend reversals or continuations using Exponential Moving Averages (EMAs) and a trailing stop based on the Chande Dynamic Convergence Divergence (CDC) ATR method.
Components:
Exponential Moving Averages (EMAs):
60-period EMA (Blue Line): Faster-moving average that reacts more quickly to price changes.
90-period EMA (Red Line): Slower-moving average that provides a smoother indication of long-term price direction.
MACD Indicator:
Utilized to confirm the trend direction. When the MACD line is above its signal line, it may indicate a bullish trend. Conversely, when the MACD line is below its signal line, it may indicate a bearish trend.
CDC Trailing Stop ATR:
Used to set dynamic stop-loss levels that adjust with market volatility. This stop is based on the Average True Range (ATR) with a user-defined multiplier, providing the strategy with a flexible way to protect against adverse price movements.
Profit Targets:
Based on a multiple of the ATR, this sets an objective level at which to take profits, ensuring gains are captured while potentially still leaving room for further profitable movement.
Trading Rules:
Entry:
Long (Buy) Entry Conditions:
Price is above the 60-period EMA.
The 60-period EMA is above the 90-period EMA.
The MACD line is above its signal line.
Price is above the calculated CDC Trailing Stop ATR level.
Short (Sell) Entry Conditions:
Price is below the 60-period EMA.
The 60-period EMA is below the 90-period EMA.
The MACD line is below its signal line.
Price is below the calculated CDC Trailing Stop ATR level.
Exit:
Long (Buy) Exit Conditions:
Price reaches the predetermined profit target based on the ATR.
Price drops below the CDC Trailing Stop ATR level.
Short (Sell) Exit Conditions:
Price reaches the predetermined profit target based on the ATR.
Price rises above the CDC Trailing Stop ATR level.
Visualization:
The strategy displays the 60-period and 90-period EMAs on the chart.
The CDC Trailing Stop ATR levels for both long and short trades are also plotted for clarity.
The MACD Histogram is shown to visualize the difference between the MACD line and its signal line.
Recommendations: Before deploying this strategy, traders should backtest it across various historical data sets and market conditions. Regularly reviewing and potentially adjusting the strategy is recommended as market dynamics evolve.
Southern Star Shadows with AlertThe "Southern Star Shadows with Alert" indicator in Pine Script is designed to identify and visually represent a specific candlestick pattern known as the "Southern Star Shadows" pattern on a TradingView chart. This pattern can provide traders with potential signals for both bullish and bearish market conditions.
Here's a short description of how the indicator works:
Pattern Identification: The indicator scans price data to identify the conditions that constitute a "Southern Star Shadows" pattern. It checks for a combination of factors, including the relationship between the current and previous candle's high, low, open, and close prices.
Signal Generation: The indicator assigns a signal based on the identified pattern. It generates a "1" for a bullish signal and "-1" for a bearish signal. If the pattern conditions are not met, it assigns a "0," indicating no clear signal.
Visualization: The indicator visually represents the signals by coloring the price bars. Bullish signals are typically colored in blue, while bearish signals are colored in red.
Triangle Plots: Additionally, the indicator plots small triangle shapes above the respective candles to highlight where the pattern occurred. Green triangles are used for bullish signals, and red triangles are used for bearish signals.
Alerts: Traders can set up alerts based on the indicator. When the pattern is detected and a signal is generated, the indicator sends an alert message, providing traders with a timely notification of potential trading opportunities.
Overall, the "Southern Star Shadows with Alert" indicator helps traders identify and react to potential trend reversal or continuation opportunities in the market by recognizing specific candlestick patterns and providing visual and alert-based signals.
BankNifty Crude Oil RSI Strategy
The "BankNifty Crude Oil RSI Strategy" is a trading strategy that combines the BankNifty index with the WTI Crude Oil price index using the Relative Strength Index (RSI) as the primary indicator. The strategy aims to generate buy and sell signals based on the RSI of the Crude Oil price index, which might influence the BankNifty index.
Here's how the strategy works step by step:
Data Fetching:
The strategy fetches the daily closing prices of WTI Crude Oil from the provided TradingView link "TVC:USOIL" using the request.security function.
RSI Calculation:
The Relative Strength Index (RSI) is calculated using the closing prices of WTI Crude Oil. The RSI is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100, indicating overbought conditions when above a specified threshold (overbought level) and oversold conditions when below a specified threshold (oversold level).
Buy and Sell Conditions:
The strategy defines two conditions based on the RSI values:
Buy Signal: When the Crude Oil RSI falls below a specified rsiOversold level (default is 30), the strategy generates a buy signal. This implies that the Crude Oil is in an oversold condition, and there might be a potential buying opportunity in the BankNifty index.
Sell Signal: When the Crude Oil RSI rises above a specified rsiOverbought level (default is 70), the strategy generates a sell signal. This implies that the Crude Oil is in an overbought condition, and there might be a potential selling opportunity in the BankNifty index.
Buy and Sell Signal Visualization:
The strategy uses the plotshape function to plot triangular shapes (upward for buy and downward for sell) below and above the price bars, respectively, to indicate the buy and sell signals on the chart visually.
[TK] Congestion patternDraw on your chart the congestion zone.
The exit of the congestion zone is an interesting time for trading.
How is calculated the congestion zone ?
If the candle close in the range of the previous candle : this is a continuation of the congestion zone
if the candle close out of the range of the previous candle : the congestion zone is over
Daily Chart PatternWill automatically print all the candle pattern on the time range set, and move it to the right side for easy learning and simulation
Time Range Bar PatternThis will show candle pattern in separate window to maintain candle pattern and candle's shape consistently (as in big trading range, candle is much smaller and in small trading range, candle is much bigger)
There are 4 parameters:
- Bull color and bear color - clear enough
- Candle Time Range - you can input time range you desire (remember you need to set the value based on chart time as well, for example if M5, then the time range need to be in M5 time range)
- First Candle Time Range - need your help to input the first candle time range for easier calculation and visual (remember you need to set the value based on chart time as well, for example if M5, then the time range of first candle should be in 5 minutes period)
three bar breakout diegothree bar breakout linda
this indicator ienables me to see this chart pattern, inside day within two previous bars
Watchlist & Symbols Distribution [Daveatt]TLDR;
I got bored so I just coded the TradingView watchlist interface in Pinescript :)
TLDR 2:
Sharing it open-source what took me 1 full day to code - haven't coded in Pinescript in a long time, so I'm a bit slow for now :)
█ OVERVIEW
This script offers a comprehensive market analysis tool inspired by TradingView's native watchlist interface features.
It combines an interactive watchlist with powerful distribution visualization capabilities and a performance comparison panel.
The script was developed with a focus on providing multiple visualization methods while working within PineScript's limitations.
█ DEVELOPMENT BACKGROUND
The pie chart implementation was greatly inspired by the ( "Crypto Map Dashboard" script / )
adapting its circular visualization technique to create dynamic distribution charts. However, due to PineScript's 500-line limitation per script, I had to optimize the code to allow users to switch between pie chart analysis and performance comparison modes rather than displaying both simultaneously.
█ SETUP AND DISPLAY
For optimal visualization, users need to adjust the chart's display settings manually.
This involves:
Expanding the indicator window vertically to accommodate both the watchlist and graphical elements
Adjusting the Y-axis scale by dragging it to ensure proper spacing for the comparison panel grid
Modifying the X-axis scale to achieve the desired time window display
Fine-tuning these adjustments whenever switching between pie chart and comparison panel modes
These manual adjustments are necessary due to PineScript's limitations in controlling chart scaling programmatically. While this requires some initial setup, it allows users to customize the display to their preferred viewing proportions.
█ MAIN FEATURES
Distribution Analysis
The script provides three distinct distribution visualization modes through a pie chart.
Users can analyze their symbols by exchanges, asset types (such as Crypto, Forex, Futures), or market sectors.
If you can't see it well at first, adjust your chart scaling until it's displayed nicely.
Asset Exchanges
www.tradingview.com
Asset Types
Asset Sectors
The pie charts feature an optional 3D effect with adjustable depth and angle parameters. To enhance visual customization, four different color schemes are available: Default, Pastel, Dark, and Neon.
Each segment of the pie chart includes interactive tooltips that can be configured to show different levels of detail. Importantly, the pie chart only visualizes the distribution of selected assets (those marked with a checkmark in the watchlist), providing a focused view of the user's current interests.
Interactive Watchlist
The watchlist component displays real-time data for up to 10 user-defined symbols. Each entry shows current price, price changes (both absolute and percentage), volume metrics, and a comparison toggle.
The table is dynamically updated and features color-coded entries that correspond to their respective performance lines in the comparison chart. The watchlist serves as both an information display and a control panel for the comparison feature.
Performance Comparison
One of the script's most innovative features is its performance comparison panel.
Using polylines for smooth visualization, it tracks the 30-day performance of selected symbols relative to a 0% baseline.
The comparison chart includes a sophisticated grid system with 5% intervals and a dynamic legend showing current performance values.
The polyline implementation allows for fluid, continuous lines that accurately represent price movements, providing a more refined visual experience than traditional line plots. Like the pie charts, the comparison panel only displays performance lines for symbols that have been selected in the watchlist, allowing users to focus on their specific assets of interest.
█ TECHNICAL IMPLEMENTATION
The script utilizes several advanced PineScript features:
Dynamic array management for symbol tracking
Polyline-based charting for smooth performance visualization
Real-time data processing with security calls
Interactive tooltips and labels
Optimized drawing routines to maintain performance
Selective visualization based on user choices
█ CUSTOMIZATION
Users can personalize almost every aspect of the script:
Symbol selection and comparison preferences
Visual theme selection with four distinct color schemes
Pie chart dimensions and positioning
Tooltip information density
Component visibility toggles
█ LIMITATIONS
The primary limitation stems from PineScript's 500-line restriction per script.
This constraint necessitated the implementation of a mode-switching system between pie charts and the comparison panel, as displaying both simultaneously would exceed the line limit. Additionally, the script relies on manual chart scale adjustments, as PineScript doesn't provide direct control over chart scaling when overlay=false is enabled.
However, these limitations led to a more focused and efficient design approach that gives users control over their viewing experience.
█ CONCLUSION
All those tools exist in the native TradingView watchlist interface and they're better than what I just did.
However, now it exists in Pinescript... so I believe it's a win lol :)
Dynamic Signal EngineDynamic Signal Engine
The Dynamic Signal Engine is a powerful and versatile indicator, designed to help traders make informed decisions by combining trend analysis with key support and resistance levels. This tool is inspired by the Linear Regression Oscillator , which laid the foundation for this enhanced implementation. By building on the original concept, this script introduces additional features, customization, and integration with dynamic trading strategies to suit diverse trading styles.
Key Features
Inspiration and Foundation
This indicator draws inspiration from the Linear Regression Oscillator , leveraging its robust trend detection capabilities while adding custom enhancements for broader functionality and user adaptability.
Trading Style Customization
Adaptable for Scalping, Intraday, and Swing Trading with dynamic parameter adjustments for each style.
User-defined inputs for thresholds, lookback periods, and visualization options provide further control.
Enhanced Linear Regression Oscillator (LRO)
A refined implementation of the LRO calculates deviations from a regression line, normalized for improved trend detection.
Identifies bullish and bearish crossovers with added alerts and visual markers.
Includes proximity alerts for critical thresholds to help traders anticipate key market movements.
Dynamic Support and Resistance Integration
Incorporates ENIGMA Signal Logic to identify swing highs and lows, dynamically marking them as fractal support and resistance levels.
When a sell signal from ENIGMA is generated, traders can choose to sell immediately or use the low of the previous candle as the entry point. Similarly, for a buy signal, traders can buy immediately or use the high of the previous candle for entry. These signals are visually indicated by a green triangle for buy signals, ensuring clear and actionable insights.
Advanced Visualization
Displays key levels with customizable horizontal lines (solid, dashed, or dotted) and labels for clarity.
Candle colours and mini arrows highlight trends and potential trading opportunities.
Real-Time Alerts
Alerts for LRO threshold crossings and swing-level breaches keep you updated without the need for constant monitoring.
Optimized for Usability
Designed to keep charts clean by limiting displayed trades and signals to recent activity.
Adjustable parameters ensure flexibility and a user-friendly experience.
How It Works
Trend Detection with Enhanced LRO
The indicator builds on the Linear Regression Oscillator , calculating oscillations of price movements and normalizing them for trend analysis. Crossovers and threshold proximity are visualized on the chart and trigger alerts for potential market shifts.
Dynamic Support and Resistance Levels
The ENIGMA Signal Logic identifies recent swing highs and lows, marking them as key levels. These levels are dynamically updated as new swing points are detected, providing actionable support and resistance zones.
Signal Confirmation
Buy or sell signals are confirmed when:
Price breaches the swing levels.
The LRO aligns with directional bias (e.g., bearish crossover for sell signals).
Signals are further clarified by ENIGMA's green triangle indicators, showing key buy and sell opportunities.
Visualization and Alerts
Signals are displayed using arrows, labelled horizontal lines, and optional candle colours. Alerts notify traders of key events, such as LRO threshold crossings or swing-level breaches.
How to Use
Choose your Trading Style: Scalping, Intraday, or Swing Trading. The indicator adjusts its default settings automatically.
Fine-tune parameters like LRO thresholds, line lengths, and the number of visible trades to suit your preferences.
Observe the chart for signals:
Green arrows and lines indicate buy opportunities.
Red arrows and lines signal sell opportunities.
Use the alert system to stay informed about LRO thresholds and signal confirmations.
Integrate the indicator with your existing trading strategy for better decision-making.
Acknowledgement
This script was inspired by the Linear Regression Oscillator . While it builds on the core concept, this implementation introduces unique enhancements, such as dynamic signal integration, trading style adaptability, and advanced visualization tools, making it a highly customizable and versatile tool for traders.
Disclaimer
This indicator is intended for educational purposes only and should not be considered financial advice. Always perform due diligence and apply appropriate risk management when trading.
Santa's Secrets | FractalystSanta’s Secrets is a visually engaging trading tool that infuses holiday cheer into your charts. Inspired by the enchanting, mysterious vibes of the holiday season, this indicator overlays price charts with dynamic, multi-colored glitches that sync with market data, delivering a festive and whimsical visual experience.
The indicator brings a magical touch to your charts, featuring characters from classic holiday themes (e.g., Santa, reindeer, snowflakes, gift boxes) to create a fun and festive “glitch effect.” Users can select a theme for their matrix characters, adding a holiday twist to their trading visuals. As the market data moves, these themed characters are randomly picked and displayed on the chart in a colorful cascade.
Underlying Calculations and Logic
1.Character Management:
The indicator uses arrays to manage different sets of holiday-themed characters, such as Santa’s sleigh, snowflakes, and reindeer. These arrays allow dynamic selection and update of characters as the market moves, mimicking a festive glitch effect.
2. Current and Previous States:
Arrays track the current and previous states of characters, ensuring smooth transitions between visual updates. This dual-state management enables the effects to look like a magical, continuous movement, just like Santa’s sleigh cruising through the winter night.
3. Transparency Control:
Transparency levels are controlled through arrays, adjusting opacity to create subtle fading effects or more intense visual appearances. The result is a festive glow that can fade or intensify depending on the market’s volatility.
4. Rain Effect Simulation:
To create the “snowfall” or “glitching lights” effect, the indicator manages arrays that simulate falling characters, like snowflakes or candy canes, continuously updating their position and visibility. As new characters enter the top of the screen, older ones disappear from the bottom, with fading transparency to simulate a seamless flow.
5. Operational Flow:
• Initialization: Arrays initialize the characters and transparency controls, readying the script for smooth and continuous updates during trading.
• Updates: During each cycle, new characters are selected and the old ones shift, with updates in both content and appearance ensuring the matrix effect is visually appealing.
• Rendering: The arrays control how the characters are rendered, ensuring the magical holiday effect stays lively and eye-catching without interrupting the trading flow.
How to Use Santa’s Secrets Indicator
1. Apply the Indicator to Your Charts:
Add the Santa’s Secrets indicator to your chart, activating the holiday-themed visual effect on your selected trading instrument or time frame.
2. Select Your Holiday Theme:
In the settings, choose the holiday theme or character set. Whether it’s Santa’s sleigh, reindeer, snowflakes, or gift boxes, pick the one that brings the most festive cheer to your charts.
3. Choose Your Visual Effect (Snowfall or Glitch Burst):
Select between the “Snowfall” effect, where characters gently drift down the chart like snowflakes, or the “Glitch Burst” effect, where characters explode outward in a burst of holiday cheer, representing bursts of market volatility.
4. Adjust the Color for Holiday Vibes:
Customize the color of the characters to match your chart’s aesthetic or reflect different market conditions. Choose from red for a downtrend, green for an uptrend, or opt for a gradient of colors to capture a true holiday spirit.
5. Fit the Matrix to Your Display:
Adjust the width and height of the matrix display to make sure it fits perfectly with your chart layout. Ensure it doesn’t obscure your view while still providing the holiday-themed magic.
What Makes Santa’s Secrets Indicator Unique?
Holiday Theme Selection:
Santa’s Secrets allows traders to choose from a variety of holiday-themed characters. Whether you prefer the traditional Santa’s sleigh, snowflakes, reindeer, or gift boxes, you can bring the festive spirit into your trading. This personalized touch adds a fun, holiday twist to your charts and keeps you engaged during the festive season.
Dynamic Effects:
Choose between two exciting visual modes – Snowfall Mode or Glitch Burst Mode. The Snowfall Mode brings a gentle, peaceful effect with characters cascading down the chart like snowflakes, while Glitch Burst Mode creates a more intense effect, radiating characters outward in an explosive, holiday-themed display.
Customizable Holiday Colors:
Traders can fully customize the color of the matrix characters to match their trading environment. Whether you want a traditional red and green for a Christmas mood or a blue and white snow effect, Santa’s Secrets allows you to create the perfect holiday atmosphere while you trade.
Universal Display Compatibility:
No matter what screen or device you’re using – whether it’s a large monitor, laptop, or mobile – Santa’s Secrets is fully adjustable to fit your screen size. The holiday effect remains visually striking without compromising the integrity of your chart data.
Wishing you a happy year filled with success, growth, and profitable trades.🎅🎁
Let's kick off the new year strong with Santa's Secrets! 🚀🎄
3-Bar (Outside Bar) Scanner with Table Display# 3-Bar (Outside Bar) Scanner with Table Display
## Overview
The **3-Bar (Outside Bar) Scanner with Table Display** is a custom TradingView indicator designed for traders who utilize **The Strat** methodology. This indicator scans for **3-bar (Outside Bar)** patterns across multiple symbols and displays the results in a convenient table format directly on your chart.
## Purpose
- **Efficient Multi-Symbol Scanning**: Monitor up to four symbols simultaneously for 3-bar patterns without the need to switch between charts.
- **Real-Time Updates**: The table dynamically updates with new price data, providing immediate insights into potential trading opportunities.
- **Visual Clarity**: Displays whether a 3-bar is bullish ("3 Up") or bearish ("3 Down"), helping you quickly interpret market sentiment.
## How It Works
- **Data Retrieval**: The indicator uses `request.security()` to fetch high, low, open, and close prices for the specified symbols and timeframe.
- **3-Bar Detection**:
- **Outside Bar Criteria**: Checks if the current candle's high is higher than the previous candle's high and the current low is lower than the previous low.
- **Direction Determination**:
- **"3 Up"**: If the candle closes higher than it opens (bullish candle).
- **"3 Down"**: If the candle closes lower than it opens (bearish candle).
- **Table Display**:
- The table shows the **Symbol**, **Timeframe**, and **State** ("3 Up", "3 Down", or blank if no pattern detected).
- Customizable colors and positioning to fit your chart's aesthetics.
## Best Use Cases
- **Rapid Market Analysis**: Ideal for traders needing a quick overview of multiple assets for potential 3-bar setups.
- **Strategic Decision-Making**: Helps identify key reversal or continuation patterns in alignment with **The Strat** principles.
- **Scalable Monitoring**: By utilizing TradingView's multi-chart layouts, you can expand monitoring beyond four symbols.
## Instructions for Use
### Adding the Indicator to Your Chart
1. **Copy the Code**: Use the provided Pine Script code for the indicator.
2. **Create a New Indicator**:
- In TradingView, click on **Pine Editor** at the bottom of the platform.
- Paste the code into the editor.
3. **Save and Add to Chart**:
- Click **Save** and give your indicator a name.
- Click **Add to Chart** to apply it.
### Customizing the Inputs
- **Symbols**:
- **Symbol 1**: Leave blank to use the current chart's symbol or enter a specific symbol (e.g., `AAPL`).
- **Symbol 2 to Symbol 4**: Enter additional symbols or leave them blank.
- **Timeframe**: Select your desired timeframe (e.g., `D` for Daily, `60` for 60-minute).
- **Table Colors**:
- Customize header and data colors for better visibility against your chart background.
### Interpreting the Table
- **Symbol**: Displays the symbol without the exchange prefix for clarity.
- **Timeframe**: Shows the timeframe applied to the analysis.
- **State**:
- **"3 Up"**: A bullish outside bar where the candle closed higher than it opened.
- **"3 Down"**: A bearish outside bar where the candle closed lower than it opened.
- **Blank**: No 3-bar pattern detected on the latest candle.
### Monitoring More Than Four Symbols
- **Multi-Chart Layout**:
- Use TradingView's multi-chart feature to display multiple charts within a single workspace.
- Apply the indicator to each chart. For example:
- **Four-Chart Grid**: Monitor up to 16 symbols by setting up four charts, each with the indicator tracking four symbols.
- **Steps**:
1. Arrange your workspace into a multi-chart layout.
2. Add the indicator to each chart.
3. Input different symbols into the indicator on each chart.
## Example Usage
Suppose you want to monitor the following symbols on a Daily timeframe:
- **Symbol 1**: *(Leave blank to use the current chart's symbol, e.g., `SPY`)*
- **Symbol 2**: `AAPL`
- **Symbol 3**: `TSLA`
- **Symbol 4**: `AMZN`
After adding the indicator and entering these symbols:
- **SPY**: The table shows "3 Up" in the State column, indicating a bullish outside bar.
- **AAPL**: No 3-bar pattern detected; the State column is blank.
- **TSLA**: The table shows "3 Down," indicating a bearish outside bar.
- **AMZN**: The table shows "3 Up," indicating another bullish outside bar.
This setup allows you to quickly assess which symbols are exhibiting significant patterns that may warrant further analysis or action.
## Notes
- **Customization**: Feel free to adjust the table's position and colors to suit your preferences.
- **Limitations**:
- Be aware of TradingView's limitations on `request.security()` calls, which may vary based on your subscription plan.
- The indicator is designed to monitor up to four symbols per instance due to these limitations.
- **Scalability**:
- By using multi-chart layouts, you can effectively monitor more symbols without overloading a single chart.
- This approach allows you to scale up your monitoring capabilities to fit your trading strategy.
## Conclusion
The **3-Bar (Outside Bar) Scanner with Table Display** is a valuable tool for traders who utilize **The Strat** methodology. It streamlines the process of identifying key 3-bar patterns across multiple symbols and timeframes, enhancing your ability to make informed trading decisions quickly.
By integrating this indicator into your trading routine, you can:
- Stay alert to significant market movements.
- Reduce the time spent manually scanning charts.
- Increase efficiency in executing your trading strategy.
---
Feel free to share this indicator with the Strat community. Feedback and suggestions are welcome to further enhance its functionality. Happy trading!
1H/3m Concept [RunRox]🕘 1H/3m Concept is a versatile trading methodology based on liquidity sweeps from fractal points identified on higher timeframes, followed by price reversals at these key moments.
Below, I will explain this concept in detail and provide clear examples demonstrating its practical application.
⁉️ WHAT IS A FRACTALS?
In trading, a fractal is a technical analysis pattern composed of five consecutive candles, typically highlighting local market turning points. Specifically, a fractal high is formed when a candle’s high is higher than the highs of the two candles on either side, whereas a fractal low occurs when a candle’s low is lower than the lows of the two adjacent candles on both sides.
Traders use fractals as reference points for identifying significant support and resistance levels, potential reversal areas, and liquidity zones within price action analysis. Below is a screenshot illustrating clearly formed fractals on the chart.
📌 ABOUT THE CONCEPT
The 1H/3m Concept involves marking Higher Timeframe (HTF) fractals directly onto a Lower Timeframe (LTF) chart. When a liquidity sweep occurs at an HTF fractal level, we remain on the same LTF chart (since all HTF fractals are already plotted on this lower timeframe) and wait for a clear Market Structure Shift (MSS) to identify our potential entry point.
Below is a schematic illustration clearly demonstrating how this concept works in practice.
Below is another 💡 real-chart example , showing liquidity in the form of a 1H fractal, swept by a rapid impulse move. Immediately afterward, a clear Market Structure Shift (MSS) occurs, signaling a potential entry point into the trade.
Another example is shown below, where we see our hourly fractal, from which price clearly reacts, providing an opportunity to search for an entry point.
As illustrated on the chart, the fractal levels from the higher timeframe are clearly displayed, but we’re working directly on the 5-minute chart. This allows us to remain on one timeframe without needing to switch back and forth between charts to spot such trading setups.
🔍 MTF FRACTALS
This concept can be applied across various HTF-LTF timeframe combinations. Although our examples illustrate 1H fractals used on a 5-minute chart, you can effectively utilize many other timeframe combinations, such as:
30m HTF fractals on 1m chart
1H HTF fractals on 3m chart
4H HTF fractals on 15m chart
1D HTF fractals on 1H chart
The key idea behind this concept is always the same: identify liquidity at fractal levels on the higher timeframe (HTF), then wait for a clear Market Structure Shift (MSS) on the lower timeframe (LTF) to enter trades.
⚙️ SETTINGS
🔷 Trade Direction – Select the preferred trading direction (Long, Short, or Both).
🔷 HTF – Choose the higher timeframe from which fractals will be displayed on the current chart.
🔷 HTF Period – Number of candles required on both sides of a fractal candle (before and after) to confirm fractal formation on the HTF.
🔷 Current TF Period – Sensitivity to the impulse that sweeps liquidity, used for identifying and forming the MSS line.
🔷 Show HTF – Enable or disable displaying HTF fractal lines on your chart. You can also customize line style and color.
🔷 Max Age (Bars) – Number of recent bars within which fractals from the selected HTF will be displayed.
🔷 Show Entry – Enable or disable displaying the MSS line on the chart.
🔷 Enable Alert – Activates TradingView alerts whenever the MSS line is crossed.
You can also enable 🔔 alerts, which notify you whenever price crosses the MSS line. This significantly simplifies the process of identifying these setups on your charts. Simply configure your preferred timeframes and wait for notifications when the MSS line is crossed.
🔶 We greatly appreciate your feedback and suggestions for improving the indicator!
[TehThomas] - ICT Volume ImbalanceThis script is a Volume Imbalance (VI) detector and visualizer for use on the TradingView platform. The goal of the script is to automatically identify areas where there are significant imbalances in the volume of trades between consecutive candlesticks and visually highlight these areas. These imbalances can provide traders with valuable insights about the market’s current condition, often signaling potential reversal or continuation points based on price and volume action.
ICT (Inner Circle Trader) Concept of Volume Imbalances
Volume imbalances are a critical concept in the ICT trading methodology. They refer to situations where there is an unusual or significant difference in volume between two consecutive candlesticks, which might indicate institutional or large player activity. According to ICT principles, these imbalances can show us areas of market inefficiency or potential price manipulation. By identifying these imbalances, traders can gain an edge in understanding where the market is likely to move next.
Bullish and Bearish Volume Imbalances:
Bullish Volume Imbalance: This occurs when there is a strong increase in buying pressure, typically indicated by a higher volume on a candle that closes significantly above the previous one, often leaving a gap or larger price movement. The market could be preparing to push higher, and the volume shows a clear shift in buying demand.
Bearish Volume Imbalance:
Conversely, a bearish imbalance occurs when there is a strong increase in selling pressure, typically signaled by a candle that closes significantly lower than the previous one, again with higher volume. This could indicate that large players are offloading positions, and the price is likely to drop further.
Key Features and Functions of the Script
The script automates the process of detecting these volume imbalances and visually marking them on a price chart. Let’s explore its functionality in detail.
1. Inputs Section
The script allows for significant customization through its input options, which help traders adjust the detection and visualization of volume imbalances based on their individual preferences and trading style. Below are the details:
lookback (250 bars): This input specifies the number of bars (or candles) the script should look back when analyzing the volume imbalance. By setting this to 250, the user is looking at the last 250 bars on the chart to detect any significant volume imbalances. This period is adjustable between 50 to 500 bars.
volumeThreshold (1.0 multiplier): This input helps set the sensitivity for identifying volume imbalances. The script compares the volume of the current candle with the previous one, and if the current volume exceeds the previous volume by this threshold multiplier (in this case, 1.0 means at least equal to the previous volume), then it triggers an imbalance. Users can adjust the multiplier to suit different market conditions.
showBoxes (true/false): This toggle determines whether the boxes representing volume imbalances are drawn on the chart. When enabled, the script visually highlights the imbalances with colored boxes.
fillBaseColor (orange with 80% opacity): This is the color setting for the background of the imbalance boxes. A softer color (like orange with opacity) ensures the imbalance is highlighted without obscuring the price action.
borderColor (gray): The color of the border around the imbalance boxes. This adds a visual distinction to make the imbalance areas more visible.
borderWidth (1 pixel): This controls the width of the box's border to adjust how prominent it appears.
rightOffset (30 bars): This input controls how far the imbalance box extends to the right on the chart. It helps users anticipate the potential continuation of the imbalance beyond the current candle.
allowWickOverlap (true/false): This setting allows imbalances to be identified even if the wicks of the two consecutive candlesticks overlap. If set to false, only imbalances where the bodies of the candlesticks don’t overlap are considered.
showBrokenBoxes (true/false): If enabled, once a volume imbalance no longer holds true (i.e., the price breaks through the box), the box is marked as "broken." If disabled, the box is deleted when the imbalance condition no longer applies.
brokenBoxColor (red): This controls the color of the box when it is broken, which can be used as a visual cue that the imbalance was invalidated or no longer valid for analysis.
2. Volume Imbalance Function
This is the core function of the script, where the logic to detect bullish and bearish volume imbalances is implemented.
Bullish Imbalance Condition:
The first condition checks if the low of the current candle is greater than the high of the previous candle. This suggests that the market is moving upward with buying pressure.
The second condition checks whether the volume of the current candle is higher than the previous candle by the volumeThreshold multiplier. If both conditions are satisfied, a bullish imbalance is detected.
Bearish Imbalance Condition:
The first condition checks if the high of the current candle is lower than the low of the previous candle. This suggests downward price action with selling pressure.
The second condition checks whether the current volume exceeds the previous volume by the threshold
Allow Wick Overlap: If allowWickOverlap is set to true, the script will still detect imbalances if the wicks of the two candles overlap (common in volatile markets). If false, imbalances are only considered if the wicks do not overlap.
3. Box Creation and Management
When a volume imbalance is detected, the script creates a box on the chart:
The bullish imbalance box is drawn using the minimum of the open and close of the current bar as the top boundary and the maximum of the open and close of the previous bar as the bottom boundary.
Conversely, the bearish imbalance box is drawn in reverse, using the maximum of the current bar’s open and close as the top boundary and the minimum of the previous bar’s open and close as the bottom boundary.
Once the box is created, it is displayed on the chart with the specified background color, border color, and width.
4. Processing Existing Boxes
After detecting a new imbalance and drawing a box, the script checks whether the box should still remain on the chart:
If the price moves beyond the boundaries of the imbalance box, the box is marked as broken (if showBrokenBoxes is enabled), and its color is changed to red, signifying that the imbalance is no longer valid.
If the box remains intact (i.e., the price has not broken the defined boundaries), the script keeps the box extended to the right as the market continues to evolve.
5. Removing Outdated Boxes
Lastly, the script removes boxes that are older than the specified lookback period. For example, if a box was created 250 bars ago, it will be deleted after that period. This ensures the chart stays clean and only focuses on relevant imbalances.
Why This Script is Useful for Traders
This script is extremely valuable for traders, especially those following the ICT methodology, because it automates the process of detecting market inefficiencies or imbalances that might signal future price action. Here’s why it’s particularly useful:
Identifying Key Areas of Interest: Volume imbalances often point to areas where institutional or large-scale traders have entered the market. These areas could provide clues about the next significant move in the market.
Visualizing Market Structure: By automatically drawing boxes around volume imbalances, the script helps traders visually identify potential areas of support, resistance, or turning points, enabling them to make informed trading decisions.
Time Efficiency: Instead of manually analyzing each candlestick and volume spike, this script does the heavy lifting, saving traders valuable time and allowing them to focus on other aspects of their strategy.
Enhanced Trade Entries and Exits: By understanding where volume imbalances are occurring, traders can time their entries (buying during bullish imbalances and selling during bearish ones) and exits (as imbalances break) more effectively, thus improving their chances of success.
Conclusion
In summary, this script is a powerful tool for traders looking to implement volume imbalance strategies based on the ICT methodology. It automates the identification and visualization of significant imbalances in price and volume, offering traders a clear visual representation of potential market turning points. By customizing the settings, traders can tailor the script to their preferred timeframes and sensitivity, making it a flexible and effective tool for any trading strategy.
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ImbalancesThis Pine Script is a trading indicator designed to identify imbalances in the market, specifically on candlestick charts. An imbalance refers to situations where there is a significant difference between buyers and sellers, which can create gaps or areas of inefficiency in the price. These imbalances often act as zones where price may return to "fill" or correct these inefficiencies.
1. Identifying Imbalances
The script analyzes candlestick patterns to detect imbalances based on the relationship between the highs, lows, and closes of consecutive candles. Specifically, it looks for:
Top Imbalances (Bearish): Areas where selling pressure has dominated, causing inefficiencies in the price. These are represented by patterns like multiple consecutive bearish candles or bearish gaps.
Bottom Imbalances (Bullish): Areas where buying pressure has dominated, leading to bullish gaps or inefficiencies.
When an imbalance is detected, the script highlights the area using visual boxes on the chart.
2. Visual Representation
The indicator uses colored boxes to show imbalances directly on the chart:
Top (Bearish) Imbalances: Highlighted using shades of red.
Bottom (Bullish) Imbalances: Highlighted using shades of green.
The boxes are further categorized into three states based on their level of mitigation:
Unmitigated: The imbalance has not been "filled" by price yet.
Partially Mitigated: Price has entered the imbalance zone but not completely filled it.
Fully Mitigated: Price has completely filled the imbalance zone.
3. Mitigation Logic
The concept of mitigation refers to the price revisiting an imbalance zone to correct the inefficiency:
If price fully or partially revisits an imbalance zone, the box's color changes to indicate the mitigation level (e.g., from unmitigated to partially/fully mitigated).
Fully mitigated boxes may be removed or recolored, depending on user preferences.
4. User Customization
The script provides several inputs to customize its behavior:
Enable or disable top and bottom imbalance detection.
Color settings: Users can define different colors for unmitigated, partially mitigated, and fully mitigated imbalances.
Mitigation display options: Users can choose whether to show fully mitigated imbalances on the chart or remove them.
5. Key Calculations
Imbalance Size: The size of the imbalance is calculated as the price difference between a candle's high and low across the relevant pattern.
Pattern Detection: The script checks for specific candlestick patterns (e.g., three consecutive bearish candles) to identify potential imbalances.
6. Practical Use Case
This indicator is useful for traders who:
Rely on supply and demand zones for their trading strategies.
Look for areas where price is likely to return (retesting unmitigated imbalances can signal potential trade setups).
Want to visually track market inefficiencies over time.
In Summary
The "Imbalances" indicator highlights and tracks price inefficiencies on candlestick charts. It marks zones where buying or selling pressure was dominant, and it dynamically updates these zones based on price action to indicate their mitigation status. This tool is particularly helpful for traders who use price action and market structure in their strategies.
Days Higher Than Current PriceThe "Days Higher Than Current Price" indicator is a color-coded tool that provides insights into the historical price performance of an underlying asset. By analyzing the number of bars prior to the selected day that had higher closing prices, this indicator visually represents the comparative strength or weakness of the current price level.
The "Days Higher" indicator utilizes a color-coded scheme to indicate the number of days in the asset's price history where the closing prices were higher than the current day's price. The color spectrum ranges from red to blue, representing varying levels of historical price strength.
Color Coding:
The color coding scheme of the indicator offers a quick and intuitive understanding of the price performance:
Red: Represents a higher number of days in the asset's price history where the closing prices were higher than the current day's price. This suggests a weaker price trend or a potential reversal and indicates relative price weakness.
Blue: Represents a lower number of days in the asset's price history where the closing prices were higher than the current day's price. This indicates a strong trend of higher prices and suggests relative price strength.
Orange & Green: Correspond to different numbers of days where the closing prices were higher than the current day's price. The specific color gradations between red and blue reflect increasing or decreasing historical price strength.
Methodology:
The "Days Higher" indicator examines each bar in the asset's price history leading up to the selected day. It counts the number of bars where the closing prices were higher than the current day's price.
The indicator then assigns a specific color to the price chart based on the count of such days, providing a visual representation of historical price strength relative to the current price level.
Utility:
The "Days Higher" indicator offers traders and investors a unique perspective on the historical price performance of an asset. By assessing the color-coded chart, market participants can quickly gauge the presence of strong or weak historical price trends.
This information can be used to identify potential support or resistance levels, assess the overall strength of a trend, or evaluate the likelihood of a price reversal. Traders may incorporate this indicator into their analysis to make more informed trading decisions based on the historical price strength indicated by the color-coded chart.
It is important to note that this tool should be used in conjunction with other technical analysis tools and indicators to validate signals and make well-rounded trading decisions.
Example Charts:
-Indices-
-Stocks-
-Cryptos-
-Multi-Timeframe-
[TehThomas] - Fair Value GapsThis script is designed to automatically detect and visualize Fair Value Gaps (FVGs) on your chart in a clean, intuitive, and highly responsive way. It’s built with active traders in mind, offering both dynamic updates and customization options that help you stay focused on price action without being distracted by outdated or irrelevant information.
What Are Fair Value Gaps?
Fair Value Gaps are areas on a chart where there’s an inefficiency in price, typically formed when price moves aggressively in one direction, leaving a gap between the wicks of consecutive candles. These gaps represent imbalanced price action where not all buy or sell orders were efficiently matched. As a result, they often become magnet zones where price returns later to "fill" the imbalance before continuing in its intended direction. Many traders use them as points of interest for entries, re-entries, or anticipating reversals and consolidations.
This concept is frequently used in Smart Money and ICT-based trading models, where understanding how price seeks efficiency is crucial to anticipating future moves. When combined with concepts like liquidity, displacement, and market structure, FVGs become powerful tools for technical decision-making.
Script Features & Functionality
1. Live Updating Gaps (Dynamic Shrinking)
One of the core features of this script is its ability to track and dynamically shrink Fair Value Gaps as price trades into them. Instead of leaving a static zone on your chart, the gap will adjust in real-time, reflecting the portion that has been filled. This gives you a much more accurate picture of remaining imbalance and avoids misleading zones.
2. Automatic Cleanup After Fill
Once price fully fills an FVG, the script automatically removes it from the chart. This helps keep your workspace clean and focused only on relevant price zones. There’s no need to manually manage your gaps, everything is handled behind the scenes to reduce clutter and distraction.
3. Static Mode Option
While dynamic updating is the default, some traders may prefer to keep the original size of the gap visible even after partial fills. For that reason, the script includes a toggle to switch from live-updating (shrinking) mode to static mode. In static mode, FVGs stay fixed from the moment they are drawn, giving you a more traditional visual reference point.
4. Multi-Timeframe Support (MTF)
You can now view higher timeframe FVGs, such as those from the 1H or 4H chart, while analyzing lower timeframes like the 5-minute. This allows you to see key imbalances from broader market context without having to flip between charts. FVGs from higher timeframes will be drawn distinctly so you can differentiate them at a glance.
5. Cleaner Visualization
The script is designed with clarity in mind. All drawings are streamlined, and filled gaps are removed to maintain a minimal, distraction-free chart. This makes it easier to combine this tool with other indicators or price-action-based strategies without overloading your workspace.
6. Suitable for All Market Types
This script can be used on any asset that displays candlestick-based price action — including crypto, forex, indices, and stocks. Whether you're scalping low-timeframe setups or swing trading with a higher timeframe bias, FVGs remain a useful concept and this script adapts to your trading style.
Use Case Examples
On a 5-minute chart, display 1-hour FVGs to catch major imbalance zones during intraday trading.
Combine the FVGs with liquidity levels and inducement patterns to build ICT-style trade setups.
Use live-updating gaps to monitor in-progress fills and evaluate whether a zone still holds validity.
Set the script to static mode to perform backtesting or visual replay with historical setups.
Final Notes
Fair Value Gaps are not a standalone trading signal, but when used with market structure, liquidity, displacement, and order flow concepts, they provide high-probability trade locations that align with institutional-style trading models. This script simplifies the visualization of those zones so you can react faster, stay focused on clean setups, and eliminate unnecessary distractions.
Whether you’re trading high volatility breakouts or patiently waiting for retracements into unfilled imbalances, this tool is designed to support your edge with precision and flexibility.
Enigma Sniper 369The "Enigma Sniper 369" is a custom-built Pine Script indicator designed for TradingView, tailored specifically for forex traders seeking high-probability entries during high-volatility market sessions.
Unlike generic trend-following or scalping tools, this indicator uniquely combines session-based "kill zones" (London and US sessions), momentum-based candle analysis, and an optional EMA trend filter to pinpoint liquidity grabs and reversal opportunities.
Its originality lies in its focus on liquidity hunting—identifying levels where stop losses are likely clustered (around swing highs/lows and wick midpoints)—and providing visual entry zones that are dynamically removed once price breaches them, reducing clutter and focusing on actionable signals.
The name "369" reflects the structured approach of three key components (session timing, candle logic, and trend filter) working in harmony to snipe precise entries.
What It Does
"Enigma Sniper 369" identifies potential buy and sell opportunities by drawing two types of horizontal lines on the chart during user-defined London and US
session kill zones:
Solid Lines: Mark the swing low (for buys) or swing high (for sells) of a trigger candle, indicating a potential entry point where stop losses might be clustered.
Dotted Lines: Mark the 50% level of the candle’s wick (lower wick for buys, upper wick for sells), serving as a secondary confirmation zone for entries or tighter stop-loss placement.
These lines are plotted only when specific candle conditions are met within the kill zones, and they are automatically deleted once the price crosses them, signaling that the liquidity at that level has likely been grabbed. The indicator also includes an optional EMA filter to ensure trades align with the broader trend, reducing false signals in choppy markets.
How It Works
The indicator’s logic is built on a multi-layered approach:
Kill Zone Timing: Trades are only considered during user-defined London and US session hours (e.g., London from 02:00 to 12:00 UTC, as seen in the screenshots). These sessions are known for high volatility and liquidity, making them ideal for capturing institutional moves.
Candle-Based Momentum Logic:
Buy Signal: A candle must close above its midpoint (indicating bullish momentum) and have a lower low than the previous candle (suggesting a potential liquidity grab below the previous swing low). This is expressed as close > (high + low) / 2 and low < low .
Sell Signal: A candle must close below its midpoint (bearish momentum) and have a higher high than the previous candle (indicating a potential liquidity grab above the previous swing high), expressed as close < (high + low) / 2 and high > high .
These conditions ensure the indicator targets candles that break recent structure to hunt stop losses while showing directional momentum.
Optional EMA Filter: A 50-period EMA (customizable) can be enabled to filter signals based on trend direction.
Buy signals are only generated if the EMA is trending upward (ema_value > ema_value ), and sell signals require a downward EMA trend (ema_value < ema_value ). This reduces noise by aligning entries with the broader market trend.
Liquidity Levels and Deletion Logic:
For a buy signal, a solid green line is drawn at the candle’s low, and a dotted green line at the 50% level of the lower wick (from the candle body’s bottom to the low).
For a sell signal, a solid red line is drawn at the candle’s high, and a dotted red line at the 50% level of the upper wick (from the body’s top to the high).
These lines extend to the right until the price crosses them, at which point they are deleted, indicating the liquidity at that level has been taken (e.g., stop losses triggered).
Alerts: The indicator includes alert conditions for buy and sell signals, notifying traders when a new setup is identified.
Underlying Concepts
The indicator is grounded in the concept of liquidity hunting, a strategy often employed by institutional traders. Markets frequently move to levels where stop losses are clustered—typically just beyond swing highs or lows—before reversing in the opposite direction. The "Enigma Sniper 369" targets these moves by identifying candles that break structure (e.g., a lower low or higher high) during high-volatility sessions, suggesting a potential sweep of stop losses. The 50% wick level acts as a secondary confirmation, as this midpoint often represents a zone where tighter stop losses are placed by retail traders. The optional EMA filter adds a trend-following element, ensuring entries are taken in the direction of the broader market momentum, which is particularly useful on lower timeframes like the 15-minute chart shown in the screenshots.
How to Use It
Here’s a step-by-step guide based on the provided usage example on the GBP/USD 15-minute chart:
Setup the Indicator: Add "Enigma Sniper 369" to your TradingView chart. Adjust the London and US session hours to match your timezone (e.g., London from 02:00 to 12:00 UTC, US from 13:00 to 22:00 UTC). Customize the EMA period (default 50) and line styles/colors if desired.
Identify Kill Zones: The indicator highlights the London session in light green and the US session in light purple, as seen in the screenshots. Focus on these periods for signals, as they are the most volatile and likely to produce liquidity grabs.
Wait for a Signal: Look for solid and dotted lines to appear during the kill zones:
Buy Setup: A solid green line at the swing low and a dotted green line at the 50% lower wick level indicate a potential buy. This suggests the market may have grabbed liquidity below the swing low and is now poised to move higher.
Sell Setup: A solid red line at the swing high and a dotted red line at the 50% upper wick level indicate a potential sell, suggesting liquidity was taken above the swing high.
Place Your Trade:
For a buy, set a buy limit order at the dotted green line (50% wick level), as this is a more conservative entry point. Place your stop loss just below the solid green line (swing low) to cover the full swing. For example, in the screenshots, the market retraces to the dotted line at 1.32980 after a liquidity grab below the swing low, triggering a buy limit order.
For a sell, set a sell limit order at the dotted red line, with a stop loss just above the solid red line.
Monitor Price Action: Once the price crosses a line, it is deleted, indicating the liquidity at that level has been taken. In the screenshots, after the buy limit is triggered, the market moves higher, confirming the setup. The caption notes, “The market returns and tags us in long with a buy limit,” highlighting this retracement strategy.
Additional Context: Use the indicator to identify liquidity levels that may be targeted later. For example, the screenshot notes, “If a new session is about to open I will wait for the grab liquidity to go long,” showing how the indicator can be used to anticipate future moves at session opens (e.g., London open at 1.32980).
Risk Management: Always set a stop loss below the swing low (for buys) or above the swing high (for sells) to protect against adverse moves. The 50% wick level helps tighten entries, improving the risk-reward ratio.
Practical Example
On the GBP/USD 15-minute chart, during the London session (02:00 UTC), the indicator identifies a buy setup with a solid green line at 1.32901 (swing low) and a dotted green line at 1.32980 (50% wick level). The market initially dips below the swing low, grabbing liquidity, then retraces to the dotted line, triggering a buy limit order. The price subsequently rises to 1.33404, yielding a profitable trade. The user notes, “The logic is in the last candle it provides new level to go long,” emphasizing the indicator’s ability to identify fresh levels after a liquidity sweep.
Customization Tips
Adjust the EMA period to suit your timeframe (e.g., a shorter period like 20 for faster signals on lower timeframes).
Modify the session hours to align with your broker’s timezone or specific market conditions.
Use the alert feature to get notified of new setups without constantly monitoring the chart.
Why It’s Useful for Traders
The "Enigma Sniper 369" stands out by combining session timing, momentum-based candle analysis, and liquidity hunting into a single tool. It provides clear, actionable levels for entries and stop losses, removes invalid signals dynamically, and aligns trades with high-probability market conditions. Whether you’re a scalper looking for quick moves during London open or a swing trader targeting session-based reversals, this indicator offers a structured, data-driven approach to trading.
TDO & Hit Rates by Weekday (5 min)Purpose
Tracks how often the next NY session “hits” the previous day’s True Day Open (TDO) level, separately for sessions that open above vs. below TDO, and breaks the statistics down by weekday (Mon–Fri) plus an overall summary.
Key Features
True Day Open (TDO) Plot
Captures the prior day’s 23:00 CT close price as the TDO.
Plots it as a continuous yellow line across your chart.
Session Labeling
At the end of each NY session (08:30–15:00 CT), places a small “TDO” label at the TDO price to confirm visually where it lay during that day.
Hit‑Count Logic
For each 5 min bar in the NY session, checks if the bar’s high ≥ TDO ≥ low (i.e. the TDO level was “hit”).
Classifies each session by whether its opening price (first 5 min bar) was above or below the TDO.
Weekday Statistics Table
Displays in the bottom‑left of your main chart window.
Rows: Header, Mon, Tue, Wed, Thu, Fri, All.
Columns:
% Hit Above: % of “above‑TDO” sessions that saw at least one hit
% Hit Below: % of “below‑TDO” sessions that saw at least one hit
Automatically updates in real time as new sessions complete.
Inputs & Settings
Data Resolution: Default = 5 min; use any intraday timeframe you like (1, 3, 15 min, etc.).
Extended Hours: Make sure your chart’s Extended Session (overnight) is enabled so the 23:00 CT bar exists.
Overlay: Draws directly on your price chart (no separate pane).
How to Use
Add to Chart: Paste the Pine v5 code into TradingView’s editor and apply to your ES (or other) futures chart.
Enable Overnight Bars: In Chart Settings → Symbol/Session → include Extended Hours.
Select Timeframe: Set the chart (or the indicator’s “Data Resolution” input) to 5 min (or your preferred intraday).
Read the Table:
Each weekday row shows how reliable TDO touches have been historically, separately for “above” and “below” opens.
The bottom “All” row summarizes combined performance.
What You Learn
Edge Analysis: Do sessions opening above TDO tend to test that level more often than those opening below (or vice versa)?
Day‑of‑Week Bias: Are certain weekdays more prone to TDO retests?
Overall Confidence: The “All” row lets you see your full-sample hit‑rate on both sides.
