JJ Open High and Open Low FinderThis script identifies candles where the open price matches the high price (Open High) and where the open price matches the low price (Open Low). It highlights these candles with labels directly on the chart, making it easy for traders to spot these conditions in real-time.
Features :
- Red "OH" label below candles for Open High.
- Green "OL" label above candles for Open Low.
Use this tool to enhance your trading insights.
** Disclaimer **: This script is for educational purposes only and should not be considered financial advice.
Cerca negli script per "chart"
Wick Strategy AnalyzerOverview
This indicator analyzes candle wick patterns and evaluates their outcomes over a user-definable range (default is 1 year). Labels are rendered on the chart to mark events that meet the specified wick condition.
Features
Customizable Bar Range - users can specify the range of bars to include in the analysis. Default is 365 bars back from the most recent bar (bar 0)
Visual Indicators - labels are rendered to mark conditions & outcomes.
Wick Condition Met - an Orange label below the wick candle displaying the wick’s percentage size.
Outcome Labels - rendered above the candle after wick condition met candles
P (Green): Pass
F (Red): Fail
N (Navy): Neutral
I (Blue): Indicates the current candle has not yet closed, so the outcome is undetermined.
Input Parameters
Wick Threshold - minimum wick size required to qualify as a wick condition.
Success Margin - Defines the margin for classifying outcomes as Pass, Fail, or Neutral. E.g., a success margin of 0.01 requires the next candle's close to exceed the wick candle's close by 1% in order to be a Pass.
Bar Offset Start - starting offset from the last bar for analysis. A value of -1 will include all bars.
Bar Offset End - ending offset from the last bar for analysis. Bars outside this range are excluded.
Example Scenario
Goal: Analyze how candles with a wick size of at least 3.5% perform within a success margin of 1% over the past 540 days.
Setup:
Set Wick Threshold to 0.035
Set Success Margin to 0.01
Set Bar Range Start to 0
Set Bar Range End to 540.
Expected Output
Candles with a wick of at least 3.5% are labeled.
Outcome labels (P, F, or N) indicate performance.
HTF CandlesHTF Candles, Plot of a Higher/Lower Timeframe Candles on any chart.
This HTF / LTF candle plot displays the previous 3 daily candles with the current update of the price with reference to a lower time frame.
Candles includes 3 Candles of HTF
last HTF candle includes 4 previous candles from LTF
Candle High Low Open Close are plotted.
these OHLC values act as Support and Resistance With reference to current Price.
very useful in making HTF and LTF analysis with reference to current timeframe.
Phase Cross Strategy with Zone### Introduction to the Strategy
Welcome to the **Phase Cross Strategy with Zone and EMA Analysis**. This strategy is designed to help traders identify potential buy and sell opportunities based on the crossover of smoothed oscillators (referred to as "phases") and exponential moving averages (EMAs). By combining these two methods, the strategy offers a versatile tool for both trend-following and short-term trading setups.
### Key Features
1. **Phase Cross Signals**:
- The strategy uses two smoothed oscillators:
- **Leading Phase**: A simple moving average (SMA) with an upward offset.
- **Lagging Phase**: An exponential moving average (EMA) with a downward offset.
- Buy and sell signals are generated when these phases cross over or under each other, visually represented on the chart with green (buy) and red (sell) labels.
2. **Phase Zone Visualization**:
- The area between the two phases is filled with a green or red zone, indicating bullish or bearish conditions:
- Green zone: Leading phase is above the lagging phase (potential uptrend).
- Red zone: Leading phase is below the lagging phase (potential downtrend).
3. **EMA Analysis**:
- Includes five commonly used EMAs (13, 26, 50, 100, and 200) for additional trend analysis.
- Crossovers of the EMA 13 and EMA 26 act as secondary buy/sell signals to confirm or enhance the phase-based signals.
4. **Customizable Parameters**:
- You can adjust the smoothing length, source (price data), and offset to fine-tune the strategy for your preferred trading style.
### What to Pay Attention To
1. **Phases and Zones**:
- Use the green/red phase zone as an overall trend guide.
- Avoid taking trades when the phases are too close or choppy, as it may indicate a ranging market.
2. **EMA Trends**:
- Align your trades with the longer-term trend shown by the EMAs. For example:
- In an uptrend (price above EMA 50 or EMA 200), prioritize buy signals.
- In a downtrend (price below EMA 50 or EMA 200), prioritize sell signals.
3. **Signal Confirmation**:
- Consider combining phase cross signals with EMA crossovers for higher-confidence trades.
- Look for confluence between the phase signals and EMA trends.
4. **Risk Management**:
- Always set stop-loss and take-profit levels to manage risk.
- Use the phase and EMA zones to estimate potential support/resistance areas for exits.
5. **Whipsaws and False Signals**:
- Be cautious in low-volatility or sideways markets, as the strategy may generate false signals.
- Use additional indicators or filters to avoid entering trades during unclear market conditions.
### How to Use
1. Add the strategy to your chart in TradingView.
2. Adjust the input settings (e.g., smoothing length, offsets) to suit your trading preferences.
3. Enable the strategy tester to evaluate its performance on historical data.
4. Combine the signals with your own analysis and risk management plan for best results.
This strategy is a versatile tool, but like any trading method, it requires proper understanding and discretion. Always backtest thoroughly and trade with discipline. Let me know if you need further assistance or adjustments to the strategy!
Custom Percent Pullback LevelThis script takes a stock's current day low and current day high and lets you set a custom pullback level (line and label on the chart) that you can then set an alert for or use as an indicator if the stock is still bullish or bearish.
Pullbacks can be useful for momentum runners to identify potential continuation. As a rule of thumb many people want to see that stock hold onto at least 33% of it's daily gain to continue a bullish look. Some people may want it to hold 50%, and others may want to see a certain amount of gains held through new highs.
This tool allows you to set a custom pullback level for that day so you can easily spot on the chart if the stock is nearing or falling below those levels. You can also set an alert for that level in order to get your attention.
Up Gap Strategy with DelayThis strategy, titled “Up Gap Strategy with Delay,” is based on identifying up gaps in the price action of an asset. A gap is defined as the percentage difference between the current bar’s open price and the previous bar’s close price. The strategy triggers a long position if the gap exceeds a user-defined threshold and includes a delay period before entering the position. After entering, the position is held for a set number of periods before being closed.
Key Features:
1. Gap Threshold: The strategy defines an up gap when the gap size exceeds a specified threshold (in percentage terms). The gap threshold is an input parameter that allows customization based on the user’s preference.
2. Delay Period: After the gap occurs, the strategy waits for a delay period before initiating a long position. This delay can help mitigate any short-term volatility that might occur immediately after the gap.
3. Holding Period: Once the position is entered, it is held for a user-defined number of periods (holdingPeriods). This is to capture the potential post-gap trend continuation, as gaps often indicate strong directional momentum.
4. Gap Plotting: The strategy visually plots up gaps on the chart by placing a green label beneath the bar where the gap condition is met. Additionally, the background color turns green to highlight up-gap occurrences.
5. Exit Condition: The position is exited after the defined holding period. The strategy ensures that the position is closed after this time, regardless of whether the price is in profit or loss.
Scientific Background:
The gap theory has been widely studied in financial literature and is based on the premise that gaps in price often represent areas of significant support or resistance. According to research by Kaufman (2002), gaps in price action can be indicators of future price direction, particularly when they occur after a period of consolidation or a trend reversal. Moreover, Gaps and their Implications in Technical Analysis (Murphy, 1999) highlights that gaps can reflect imbalances between supply and demand, leading to high momentum and potential price continuation or reversal.
In trading strategies, utilizing gaps with specific conditions, such as delay and holding periods, can enhance the ability to capture significant price moves. The strategy’s delay period helps avoid potential market noise immediately after the gap, while the holding period seeks to capitalize on the price continuation that often follows gap formation.
This methodology aligns with momentum-based strategies, which rely on the persistence of trends in financial markets. Several studies, including Jegadeesh & Titman (1993), have documented the existence of momentum effects in stock prices, where past price movements can be predictive of future returns.
Conclusion:
This strategy incorporates gap detection and momentum principles, supported by empirical research in technical analysis, to attempt to capitalize on price movements following significant gaps. By waiting for a delay period and holding the position for a specified time, it aims to mitigate the risk associated with early volatility while maximizing the potential for sustained price moves.
Swing Structure Scanner [LuxAlgo]The Swing Structure Scanner Indicator is a dashboard type indicator which displays a Consolidated "High/Low-Only" view of swing structure, with the capability to retrieve and display swing points from up to 6 different tickers and timeframes at once.
🔶 USAGE
This indicator displays swing structure data from up to 6 unique tickers or timeframes; Each graph represents the current swing structure retrieved from the requested chart/s.
Each swing graph displays the current live swing point positioning relative to the previous swing points. By analyzing the different formations, patterns can more easily be recognized and found across multiple tickers or timeframes at once.
This indicator serves as a nifty tool for confluence recognition, whether that's confluence throughout market tickers, or confluence through higher timeframes on the same ticker.
Alternatively, viewing the relative positioning of each swing point to each other, should give a clearer idea when higher lows or lower highs are formed. This can potentially indicate a newly forming trend, as well as serving as a warning to watch for breakouts.
The swing length can be changed to align with each individual's strategy, as well as a display look back can be adjusted to show more or less swing points at one time.
The display is fairly customizable, it is not fixed to 6 symbols at all times and can be minimized to only display the number of symbols needed; Additionally, the display can be set to vertical mode or horizontal(default) to utilize as needed.
Note: Hover over the swing point in the dashboard to get a readout of the exact price level of the swing point.
🔶 SETTINGS
Swing Length: Set the swing length for the structure calculations.
Swing Display Lookback: Sets the number of swing points (Pairs) to display in each Swing Graph display.
Symbols: Sets the Timeframe and Symbol for each Swing Graph.
Vertical Display: Display the Swing Graphs up and down, rather than side to side.
Scaling Factor: Scales the entire indicator up or down, to fit your needs.
Push Up Pullback BuyThe Push Up Pullback Buy (PUPB) indicator is designed to identify trend continuation opportunities by detecting key market movements:
Push-Ups: Rapid upward price movements exceeding a customizable minimum change.
Pullbacks: Temporary price corrections following a push-up.
Trend Confirmation: Validates higher highs and higher lows during pullbacks to ensure trend continuation.
Multi-Timeframe Analysis: Incorporates lower timeframe breakout confirmation for enhanced precision.
This indicator provides visual cues (arrows and signals) directly on your chart, making it intuitive for traders to spot potential buy opportunities. Ideal for trend-following strategies and traders looking to capitalize on pullback entries in bullish markets.
Customizable parameters allow you to adapt the indicator to your preferred trading style and instruments.
AlphaEdge Crypto Tracker [CHE]AlphaEdge Crypto Tracker
Efficiently Identify Top Performers and Underperformers Among 40 Crypto Assets at a Glance
In the fast-paced world of cryptocurrency trading, staying ahead requires the ability to quickly assess the performance of multiple assets simultaneously. AlphaEdge Crypto Tracker is an advanced Pine Script™ indicator designed for TradingView that empowers traders to effortlessly monitor and evaluate 40 different crypto assets in real-time.
This tool is my Christmas gift to all traders. I wish you all a Merry Christmas and successful trades in the coming year!
Why It’s Important to Identify Winners and Losers Among 40 Assets at a Glance:
1. Time Efficiency: Managing a diverse portfolio can be overwhelming. With AlphaEdge Crypto Tracker, traders can swiftly identify which assets are performing exceptionally well (winners) and which are underperforming (losers) without the need to analyze each asset individually.
2. Informed Decision-Making: By having a clear overview of top gainers and losers, traders can make strategic decisions such as reallocating investments, taking profits, or cutting losses, thereby optimizing their trading strategies.
3. Risk Management: Quickly spotting underperforming assets helps in mitigating potential losses and adjusting positions to maintain a balanced and profitable portfolio.
4. Opportunity Identification: Recognizing top-performing assets allows traders to capitalize on emerging trends and maximize their returns by focusing on the most promising opportunities.
Key Features of AlphaEdge Crypto Tracker :
- Comprehensive Asset Tracking: Monitors 40 crypto assets simultaneously, providing a broad view of the market landscape.
- Max Gain and Adjusted Max Loss Calculations: Utilizes a 14-bar (configurable) period to calculate the highest gains and the adjusted maximum losses for each asset, offering insights into potential profitability and risk.
- Dynamic Ranking: Automatically sorts and ranks assets based on their performance, highlighting the top 10 gainers and top 10 losers for easy comparison.
- Customizable Display:
- Table Settings: Adjust the size, position, and colors of the performance table to fit your chart layout.
- Interactive Tooltips: Hover over asset names to view detailed tooltips, enhancing usability and information accessibility.
- Visual Alerts: Changes in asset performance are visually indicated through background color updates, allowing for immediate recognition of significant shifts.
- User-Friendly Interface: Intuitive table layout with clear headers and organized data presentation, making it easy for traders of all levels to interpret the information.
How It Works:
1. Data Calculation: For each of the 40 tracked assets, AlphaEdge Crypto Tracker calculates the maximum gain and adjusted maximum loss over the defined trading period.
2. Sorting and Ranking: The assets are sorted based on their maximum gains and adjusted maximum losses, automatically updating to reflect the latest market movements.
3. Real-Time Display: The top 10 gainers and losers are displayed in a neatly organized table directly on your TradingView chart, providing immediate visual insights.
4. Customization: Users can tailor the tracking period, select specific assets to monitor, and adjust the table’s appearance to match their trading style and preferences.
Conclusion:
AlphaEdge Crypto Tracker is an essential tool for cryptocurrency traders seeking to enhance their market analysis and decision-making processes. By providing a comprehensive and customizable overview of multiple assets, it enables traders to efficiently identify profitable opportunities and manage risks effectively. Whether you’re a seasoned trader or just starting, AlphaEdge Crypto Tracker equips you with the insights needed to navigate the dynamic crypto market with confidence.
Get Started Today:
Integrate AlphaEdge Crypto Tracker into your TradingView setup and take control of your crypto trading strategy with unparalleled clarity and precision.
Disclaimer:
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
License Information:
This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0. You can view the full license (mozilla.org).
© chervolino
GROK - 40 Day High BreakoutTitle: GROK - Customizable High Breakout Detector
To scan base breakout with Pine Screener
Description:
This Pine Script indicator identifies high breakout patterns based on a user-defined lookback period. By default, it checks for a breakout of the 40-day high, but the period can be adjusted to suit your trading strategy. Key features include:
Custom Lookback Period: Easily modify the number of days for high breakout detection. Lookback period is length of base you want to scan using pine screener.
Visual Alerts: Displays a green triangle above the price bar when a breakout is detected.
Alert Conditions: Built-in alert notifications for automated breakout detection.
Screener Compatibility: Plots breakout signals as a histogram for screener use.
This script is ideal for traders looking to identify strong breakout patterns and incorporate them into their strategies.
How to Use:
Adjust the lookback period in the settings to match your desired breakout criteria.
Add alerts for automated notifications when a breakout is detected.
Use the visual markers and histogram to analyze breakout patterns on your chart.
Fibonacci Retracement and Target LevelsHighest and Lowest Price Points:
The script calculates the highest (high_price) and lowest (low_price) prices in the specified timeframe. These values are essential for computing the Fibonacci retracement and extension levels.
Fibonacci Retracement Levels:
fib_0: 0% level (highest price).
fib_236, fib_382, fib_50, fib_618, and fib_100: These are the classic Fibonacci retracement levels used to identify potential support or resistance areas as the price retraces from its highest point.
Fibonacci Extension Levels (Targets):
fib_1618, fib_2618, and fib_4236: These are Fibonacci extension levels used to predict potential price targets in the direction of the trend if the price breaks beyond its current range.
Drawing the Levels:
The line.new function is used to draw horizontal lines on the chart representing the Fibonacci retracement and extension levels.
Dashed lines represent retracement levels.
Dotted lines represent extension (target) levels.
How to Use:
Create a new Pine Script in TradingView.
Paste the code above into the Pine Script editor.
Save the script and apply it to your chart to see Fibonacci retracement and extension levels plotted.
Awesome Oscillator Twin Peaks Strategy
1. The indicator identifies both bullish and bearish twin peaks:
- Bullish: Two consecutive valleys below zero, where the second valley is higher than the first
- Bearish: Two consecutive peaks above zero, where the second peak is lower than the first
2. Visual elements:
- AO histogram with color-coding for increasing/decreasing values
- Triangle markers for confirmed twin peak signals
- Zero line for reference
- Customizable colors through inputs
3. Built-in safeguards:
- Minimum separation between peaks to avoid false signals
- Maximum time window for pattern completion
- Clear signal reset conditions
4. Alert conditions for both bullish and bearish signals
To use this indicator:
1. Add it to your TradingView chart
2. Customize the input parameters if needed
3. Look for triangle markers that indicate confirmed twin peak patterns
4. Optional: Set up alerts based on the signal conditions
Future Interest Indexed by AssetEste script em Pine Script calcula e exibe o índice dos juros futuros (DI1) em relação ao preço de um ativo, utilizando o preço de fechamento do ativo e a taxa de juros futuros (DI1). O cálculo é realizado dividindo a taxa de juros pelos preços do ativo, resultando no índice indice_juros. Para evitar a divisão por zero, o script verifica se o preço do ativo é válido e não nulo. O índice calculado é então plotado em um painel inferior no gráfico, representado por uma linha azul, permitindo aos usuários observar a relação entre a taxa de juros futuros e o preço do ativo de forma clara e intuitiva.
This Pine Script script calculates and displays the future interest rate (DI1) in relation to the price of an asset, using the asset's closing price and the future interest rate (DI1). The calculation is carried out by dividing the interest rate by the asset prices, resulting in the index_interest index. To avoid division by zero, the script checks that the asset's price is valid and not null. The calculated index is then plotted in a lower panel on the chart, represented by a blue line, allowing users to observe the relationship between the future interest rate and the asset price clearly and intuitively.
12 Month Difference - YoY ComparisonEste script foi desenvolvido para calcular e exibir a variação percentual do preço de um ativo nos últimos 12 meses, de forma simples e visual. Ele utiliza dados históricos de preços e apresenta o resultado diretamente no gráfico, permitindo ao usuário acompanhar a relação entre o valor atual e o valor de 12 meses atrás.
O cálculo é baseado em um período de 12 meses, que equivale a 252 dias úteis no mercado financeiro. O script primeiro identifica o preço atual do ativo e o compara com o preço registrado há exatamente 252 dias úteis. A diferença entre esses dois valores é transformada em uma variação percentual, o que facilita a análise de desempenho do ativo ao longo do período.
Além disso, o script define uma cor para destacar o resultado:
Verde, se a variação percentual for positiva (indicando crescimento).
Vermelho, se a variação for negativa (indicando queda).
O valor calculado é exibido de forma prática no canto inferior direito do gráfico, como uma tabela flutuante. Essa tabela contém o texto "Relação 12M" e o valor percentual correspondente, permitindo uma leitura rápida.
Embora o resultado seja calculado para todos os momentos no gráfico, ele é mostrado apenas como uma tabela no último ponto confirmado da série histórica, ou seja, no momento mais recente com dados disponíveis. Além disso, o script inclui o valor da relação na legenda do gráfico, mas ele está oculto visualmente para evitar sobrecarregar o layout.
Esse indicador é útil para analisar rapidamente o desempenho de um ativo ao longo de um ano, ajudando investidores e analistas a entenderem tendências e mudanças no mercado.
This script was developed to calculate and display the percentage change in the price of an asset over the last 12 months, in a simple and visual way. It uses historical price data and displays the result directly on the chart, allowing the user to monitor the relationship between the current value and the value from 12 months ago.
The calculation is based on a 12-month period, which is equivalent to 252 business days in the financial market. The script first identifies the current price of the asset and compares it with the price recorded exactly 252 business days ago. The difference between these two values is transformed into a percentage change, which makes it easier to analyze the asset's performance over the period.
In addition, the script defines a color to highlight the result:
Green, if the percentage change is positive (indicating growth).
Red, if the change is negative (indicating a decline).
The calculated value is displayed conveniently in the bottom right corner of the chart, as a floating table. This table contains the text "12M Ratio" and the corresponding percentage value, allowing for quick reading.
Although the result is calculated for all points in time on the chart, it is only displayed as a table at the last confirmed point in the historical series, i.e. the most recent point in time with available data. In addition, the script includes the ratio value in the chart legend, but it is visually hidden to avoid cluttering the layout.
This indicator is useful for quickly analyzing the performance of an asset over a year, helping investors and analysts understand trends and changes in the market.
1-3-1 Strat Combo with 50% Level (12h)Logic Explanation
1-3-1 Combo Detection:
The script detects the 1-3-1 pattern using the previous 3 candles:
Candle 4: Inside Bar (Type 1).
Candle 3: Outside Bar (Type 3).
Candle 2: Inside Bar (Type 1).
4th Candle Behavior:
If the 4th candle (current bar):
Stays an inside bar (Type 1) → isFourthInsideBar is true.
Becomes a directional bar (Type 2) → isFourthDirectional is true.
If either of these conditions is true, the script stops calculating and waits for the next valid 1-3-1 setup.
50% Level Calculation:
If the conditions are not met (e.g., the 4th candle doesn’t stop the pattern), the script:
Plots a dotted line at the 50% level of the 3rd candle.
Adds a label showing the 50% level.
Stop Calculations:
No line, box, or label is drawn if the 4th candle is a Type 1 (inside bar) or Type 2 (directional bar).
Visual Outputs:
Dotted Box: Marks the 1-3-1 combo setup.
50% Line: Drawn only if the 4th candle does not invalidate the pattern.
Label: Displays the 50% level of the 3rd candle.
How to Use:
Apply this script on the 12-hour chart.
The script will:
Detect valid 1-3-1 patterns.
Stop drawing any calculations if the 4th candle is an inside bar (1) or a directional bar (2).
Wait for the next valid 1-3-1 combo.
Physical Levels (XAUUSD, 5$ Pricesteps)Functionality:
This indicator draws horizontal lines in the XAUUSD market at a fixed spacing of USD 5. The lines are both above and below the current market price. The number of lines is limited to optimize performance.
Use:
The indicator is particularly useful for traders who want to analyze psychological price levels, support and resistance areas, or significant price zones in the gold market. It helps to better visualize price movements and their proximity to round numbers.
How it works:
The indicator calculates a starting price based on the current price of XAUUSD, rounded to the nearest multiple of USD 5.
Starting from this starting price, evenly distributed lines are drawn up and down.
The lines are black throughout and are updated dynamically according to the current chart.
Liquidity IndicatorThe Liquidity Indicator helps identify key price levels where liquidity may be concentrated by highlighting local highs and local lows on the chart. These levels are calculated using a lookback period to determine the highest and lowest points in the recent price action.
Local Highs: Displayed as red lines, these indicate recent peaks where price has experienced rejection or a possible reversal point.
Local Lows: Displayed as green lines, these represent recent troughs where price may find support or experience a bounce.
This indicator is useful for spotting potential areas of interest for price reversal or continuation, as high liquidity zones may lead to more significant price movements.
Key Features:
Adjustable lookback period to define the scope for identifying local highs and lows.
Continuous plotting without any time restrictions, providing real-time insights into liquidity conditions.
Alerts available for when a local high or local low is detected, enabling timely market analysis.
Use Case:
This indicator can be used in conjunction with other technical analysis tools or strategies to help identify significant price levels where liquidity could impact price action. It is suitable for both intraday and swing traders looking for key price zones where potential reversals or continuations might occur.
[blackcat] L1 Banker Move█ OVERVIEW
The Pine Script is an indicator designed to analyze market signals for institutional and short-term investors. It calculates and plots three main signals: Institutional Signal, Institutional Build, and Short-Term Investor Signal. The script uses a combination of price, volume, and moving average data to generate these signals, which can help traders identify potential buying or selling opportunities.
█ LOGICAL FRAMEWORK
The script is structured into several main sections:
1 — Input Parameters
The script does not explicitly define any input parameters, relying on default values for calculations.
2 — Custom Functions
• reference_value(values, length) : Retrieves the first non-NA value from a specified number of past values.
• calculate_institutional_and_short_term_signals(low, close, open, volume) : Calculates the institutional and short-term investor signals based on price, volume, and moving average data.
3 — Calculations
• Price and Volume Metrics: The script calculates various smoothed price changes, lowest and highest values over different periods, and volume-weighted prices.
• Moving Averages: It computes simple moving averages (SMA) and exponential moving averages (EMA) for different periods.
• RSI Calculation: The script calculates a custom RSI for different periods.
• Signal Generation: It generates the institutional and short-term investor signals based on the calculated metrics.
4 — Plotting
The script plots the three main signals on the chart using the plot function.
The flow of data and logic is as follows:
• The reference_value function is used to find reference values for calculations.
• The calculate_institutional_and_short_term_signals function performs the core calculations and returns the institutional and short-term investor signals.
• The main script calls this function and plots the results.
█ CUSTOM FUNCTIONS
1 — reference_value(values, length)
• Purpose : Retrieves the first non-NA value from a specified number of past values.
• Parameters :
• values: An array of values.
• length: The number of past values to consider.
• Return Value : The first non-NA value found or na if no valid value is found.
• Functionality : Iterates through the specified number of past values and returns the first non-NA value.
2 — calculate_institutional_and_short_term_signals(low, close, open, volume)
• Purpose : Calculates the institutional and short-term investor signals based on price, volume, and moving average data.
• Parameters :
• low: Low price series.
• close: Close price series.
• open: Open price series.
• volume: Volume series.
• Return Values :
• institutional_signal: The institutional signal.
• institutional_build: The institutional build signal.
• short_term_investor_signal: The short-term investor signal.
• Functionality :
• Computes various price and volume metrics.
• Calculates moving averages and volume-weighted prices.
• Generates the institutional and short-term investor signals based on these metrics.
█ KEY POINTS AND TECHNIQUES
1 — Advanced Pine Script Features
• Custom Functions: The script defines and uses custom functions to encapsulate complex logic.
• Conditional Statements: Extensive use of iff and if statements to control the flow of calculations.
• Looping Constructs: The for loop in reference_value function to iterate through past values.
• Exponential Moving Averages (EMA): Used to smooth out price and signal changes.
• Volume-Weighted Price (VWP): Calculated to factor in volume in price analysis.
• Custom RSI Calculation: A custom RSI formula is used, which differs from the standard RSI calculation.
2 — Optimization Techniques
• Efficient Data Handling: The reference_value function efficiently finds the first non-NA value without unnecessary computations.
• Smoothed Signals: Using EMAs to smooth out noisy signals for better trend identification.
3 — Unique Approaches
• Combination of Metrics: The script combines multiple metrics (price, volume, moving averages, and custom RSI) to generate comprehensive signals.
• Institutional Build Signal: A unique approach to detect institutional activity by comparing current price levels with historical lows and smoothed price changes.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
1 — Potential Modifications
• Input Parameters: Add input parameters to allow users to customize the lengths and thresholds used in the calculations.
• Strategy Version: Convert the indicator into a strategy by adding buy/sell signals based on the generated signals.
• Additional Indicators: Integrate other technical indicators (e.g., MACD, Bollinger Bands) to enhance the signal generation process.
2 — Similar Trading Scenarios
• Institutional Activity Analysis: Use similar techniques to analyze institutional activity in other markets or assets.
• Volume Analysis: Apply the volume-weighted price and volume analysis to identify significant price movements.
• Multi-Timeframe Analysis: Extend the script to analyze signals across multiple timeframes for a more robust trading strategy.
3 — Related Pine Script Concepts
• Pine Script Functions: Understanding how to define and use custom functions effectively.
• Conditional Logic: Mastering the use of iff and if statements for complex logic.
• Looping Constructs: Familiarity with for loops for iterating through data.
• Moving Averages: Knowledge of different types of moving averages and their applications.
• Volume Analysis: Techniques for incorporating volume data into price analysis.
No Wick Setup Indicator
**No Wick Setup Indicator**
This is a custom trading indicator designed to identify and signal potential buy and sell opportunities based on candlestick patterns with no wicks. Specifically, it looks for candles with no wicks at the bottom (bullish setup) or no wicks at the top (bearish setup). Here's how it works:
**Key Features:**
- **Bullish Setup**: A green candlestick with no bottom wick (i.e., the open price is equal to the low price of the candle) is considered a potential bullish signal. A trendline is drawn at the bottom of this candle. When the market price returns to this trendline, a buy signal is generated.
- **Bearish Setup**: A red candlestick with no top wick (i.e., the open price is equal to the high price of the candle) is considered a potential bearish signal. A trendline is drawn at the top of this candle. When the market price returns to this trendline, a sell signal is generated.
- **Timeframe**: This indicator works exclusively on the **30-minute timeframe**.
**How It Works:**
1. When a candlestick pattern with no bottom wick (bullish setup) is identified, a trendline is drawn at the low of the candlestick.
2. When a candlestick pattern with no top wick (bearish setup) is identified, a trendline is drawn at the high of the candlestick.
3. The indicator then tracks the market price and waits for it to return to the respective trendline level.
4. **Buy Signal**: When the market price touches or goes below the bullish trendline, a **Buy** signal is displayed on the chart with an upward arrow.
5. **Sell Signal**: When the market price touches or goes above the bearish trendline, a **Sell** signal is displayed on the chart with a downward arrow.
**Visual Elements:**
- **Trendlines**: Horizontal lines drawn at the bottom (bullish) or top (bearish) of the candlesticks with no wick.
- **Buy/Sell Labels**: Labels indicating "Buy" or "Sell" appear when the market price returns to the trendline.
**Why Use This Indicator?**
- This indicator helps identify specific price levels where the market might reverse or consolidate based on candlestick structure, offering potential entry points for trades.
- It allows traders to focus on price action and market behavior without relying on more complex indicators.
PDH & PDL Indicator: Previous Day's High/Low with AlertsThe PDH & PDL Indicator plots the Previous Day's High (PDH) and Previous Day's Low (PDL) directly on the chart, providing a clear visual reference for key price levels. These levels are often used by traders to identify potential breakout or breakdown zones and to gauge market strength or weakness.
Features:
PDH (Green Line) : Represents the high of the previous trading day.
PDL (Red Line): Represents the low of the previous trading day.
Alerts:
Get notified when the price crosses above PDH or below PDL.
Custom alert messages to keep you informed in real-time.
Use Cases:
Identify key breakout and breakdown points for potential trade entries or exits.
Confirm the strength of a trend by monitoring price action relative to PDH and PDL.
Useful for intraday, swing, and positional traders who rely on historical price levels for strategy development.
Harmonic Pattern Detector (75 patterns)Harmonic Pattern Detector offers a record amount of "Harmonic Patterns" in one script, with 75 different patterns detected, together with up to 99 different swing lengths.
🔶 USAGE
Harmonic Patterns are detected from several different ZigZag lines, derived from Swings with different lengths (shorter - longer term)
Depending on the settings ' Minimum/Maximum Swing Length ', the user will see more or less patterns from shorter and/or longer-term swing points.
🔹 Fibonacci Ratio
Certain patterns have only one ratio for a specific retrace/extension instead of one upper and one lower limit. In this case, we add a ' Tolerance ', which adds a percentage tolerance below/above the ratio, creating two limits.
A higher number may show more patterns but may become less valid.
Hoovering over points B, C, and D will show a tooltip with the concerning limits; adjusted limits will be seen if applicable.
Tooltips in settings will also show which patterns the Fibonacci Ratio applies to.
🔹 Triangle Area Ratio
Using Heron's formula , the triangle area is calculated after the X-Y axis is normalized.
Users can filter patterns based on the ratio of the smallest triangle to the largest triangle.
A lower Triangle Area Ratio number leads to more symmetrical patterns but may appear less frequently.
🔶 DETAILS
Harmonic patterns are based on geometric patterns, where the retracement/extension of a swing point must be located between specific Fibonacci ratios of the previous swing/leg. Different Harmonic Patterns require unique ratios to become valid patterns.
In the above example there is a valid 'Max Butterfly' pattern where:
Point B is located between 0.618 - 0.886 retracement level of the X-A leg
Point C is located between 0.382 - 0.886 retracement level of the A-B leg
Point D is located between 1.272 - 2.618 extension level of the B-C leg
Point D is located between 1.272 - 1.618 extension level of the X-A leg
Harmonic Pattern Detector uses ZigZag lines, where swing highs and swing lows alternate. Each ZigZag line is checked for valid Harmonic Patterns . When multiple types of Harmonic Patterns are valid for the same sequence, the pattern will be named after the first one found.
Different swing lengths form different ZigZag lines.
By evaluating different ZigZag lines (up to 99!), shorter—and longer-term patterns can be drawn on the same chart.
🔹 Blocks
The patterns are organized into blocks that can be toggled on or off with a single click.
When a block is enabled, the user can still select which specific patterns within that block are enabled or disabled.
🔹 Visuals
Besides color settings, labels can show pattern names or arrows at point D of the pattern.
Note this will happen 1 bar after validation because one extra bar is needed for confirmation.
An option is included to show only arrows without the patterns.
🔹 Updated Patterns
When a Swing Low is followed by a lower low or a Swing High followed by a higher high , triggering a pattern identical to a previous one except with a different point D, the pattern will be updated. The previous C-D line will be visible as a dashed line to highlight the event. Only the last dashed line is shown when this happens more than once.
🔹 Optimization
The script only verifies the last leg in the initial phase, significantly reducing the time spent on pattern validation. If this leg doesn't align with a potential Harmonic Pattern , the pattern is immediately disregarded. In the subsequent phase, the remaining patterns are quickly scrutinized to ensure the next leg is valid. This efficient process continues, with only valid patterns progressing to the next phase until all sequences have been thoroughly examined.
This process can check up to 99 ZigZag lines for 75 different Harmonic Patterns , showcasing its high capacity and versatility.
🔹 Ratios
The following table shows the different ratios used for each Harmonic Pattern .
' min ' and ' max ' are used when only one limit is provided instead of 2. This limit is given a percentage tolerance above and below, customizable by the setting ' Tolerance - Fibonacci Ratio '.
For example a ratio of 0.618 with a tolerance of 1% would result in:
an upper limit of 0.624
a lower limit of 0.612
|-------------------|------------------------|------------------------|-----------------------|-----------------------|
| NAME PATTERN | BCD (BD) | ABC (AC) | XAB (XB) | XAD (XD) |
| | min max | min max | min max | min max |
|-------------------|------------------------|------------------------|-----------------------|-----------------------|
| 'ABCD' | 1.272 - 1.618 | 0.618 - 0.786 | | |
| '5-0' | 0.5 *min - 0.5 *max | 1.618 - 2.24 | 1.13 - 1.618 | |
| 'Max Gartley' | 1.128 - 2.236 | 0.382 - 0.886 | 0.382 - 0.618 | 0.618 - 0.786 |
| 'Gartley' | 1.272 - 1.618 | 0.382 - 0.886 | 0.618*min - 0.618*max | 0.786*min - 0.786*max |
| 'A Gartley' | 1.618*min - 1.618*max | 1.128 - 2.618 | 0.618 - 0.786 | 1.272*min - 1.272*max |
| 'NN Gartley' | 1.128 - 1.618 | 0.382 - 0.886 | 0.618*min - 0.618*max | 0.786*min - 0.786*max |
| 'NN A Gartley' | 1.618*min - 1.618*max | 1.128 - 2.618 | 0.618 - 0.786 | 1.272*min - 1.272*max |
| 'Bat' | 1.618 - 2.618 | 0.382 - 0.886 | 0.382 - 0.5 | 0.886*min - 0.886*max |
| 'Alt Bat' | 2.0 - 3.618 | 0.382 - 0.886 | 0.382*min - 0.382*max | 1.128*min - 1.128*max |
| 'A Bat' | 2.0 - 2.618 | 1.128 - 2.618 | 0.382 - 0.618 | 1.128*min - 1.128*max |
| 'Max Bat' | 1.272 - 2.618 | 0.382 - 0.886 | 0.382 - 0.618 | 0.886*min - 0.886*max |
| 'NN Bat' | 1.618 - 2.618 | 0.382 - 0.886 | 0.382 - 0.5 | 0.886*min - 0.886*max |
| 'NN Alt Bat' | 2.0 - 4.236 | 0.382 - 0.886 | 0.382*min - 0.382*max | 1.128*min - 1.128*max |
| 'NN A Bat' | 2.0 - 2.618 | 1.128 - 2.618 | 0.382 - 0.618 | 1.128*min - 1.128*max |
| 'NN A Alt Bat' | 2.618*min - 2.618*max | 1.128 - 2.618 | 0.236 - 0.5 | 0.886*min - 0.886*max |
| 'Butterfly' | 1.618 - 2.618 | 0.382 - 0.886 | 0.786*min - 0.786*max | 1.272 - 1.618 |
| 'Max Butterfly' | 1.272 - 2.618 | 0.382 - 0.886 | 0.618 - 0.886 | 1.272 - 1.618 |
| 'Butterfly 113' | 1.128 - 1.618 | 0.618 - 1.0 | 0.786 - 1.0 | 1.128*min - 1.128*max |
| 'A Butterfly' | 1.272*min - 1.272*max | 1.128 - 2.618 | 0.382 - 0.618 | 0.618 - 0.786 |
| 'Crab' | 2.24 - 3.618 | 0.382 - 0.886 | 0.382 - 0.618 | 1.618*min - 1.618*max |
| 'Deep Crab' | 2.618 - 3.618 | 0.382 - 0.886 | 0.886*min - 0.886*max | 1.618*min - 1.618*max |
| 'A Crab' | 1.618 - 2.618 | 1.128 - 2.618 | 0.276 - 0.446 | 0.618*min - 0.618*max |
| 'NN Crab' | 2.236 - 4.236 | 0.382 - 0.886 | 0.382 - 0.618 | 1.618*min - 1.618*max |
| 'NN Deep Crab' | 2.618 - 4.236 | 0.382 - 0.886 | 0.886*min - 0.886*max | 1.618*min - 1.618*max |
| 'NN A Crab' | 1.128 - 2.618 | 1.128 - 2.618 | 0.236 - 0.447 | 0.618*min - 0.618*max |
| 'NN A Deep Crab' | 1.128*min - 1.128*max | 1.128 - 2.618 | 0.236 - 0.382 | 0.618*min - 0.618*max |
| 'Cypher' | 1.272 - 2.00 | 1.13 - 1.414 | 0.382 - 0.618 | 0.786*min - 0.786*max |
| 'New Cypher' | 1.272 - 2.00 | 1.414 - 2.14 | 0.382 - 0.618 | 0.786*min - 0.786*max |
| 'Anti New Cypher' | 1.618 - 2.618 | 0.467 - 0.707 | 0.5 - 0.786 | 1.272*min - 1.272*max |
| 'Shark 1' | 1.618 - 2.236 | 1.128 - 1.618 | 0.382 - 0.618 | 0.886*min - 0.886*max |
| 'Shark 1 Alt' | 1.618 - 2.618 | 0.618 - 0.886 | 0.446 - 0.618 | 1.128*min - 1.128*max |
| 'Shark 2' | 1.618 - 2.236 | 1.128 - 1.618 | 0.382 - 0.618 | 1.128*min - 1.128*max |
| 'Shark 2 Alt' | 1.618 - 2.618 | 0.618 - 0.886 | 0.446 - 0.618 | 0.886*min - 0.886*max |
| 'Leonardo' | 1.128 - 2.618 | 0.382 - 0.886 | 0.5*min - 0.5*max | 0.786*min - 0.786*max |
| 'NN A Leonardo' | 2.0*min - 2.0*max | 1.128 - 2.618 | 0.382 - 0.886 | 1.272*min - 1.272*max |
| 'Nen Star' | 1.272 - 2.0 | 1.414 - 2.14 | 0.382 - 0.618 | 1.272*min - 1.272*max |
| 'Anti Nen Star' | 1.618 - 2.618 | 0.467 - 0.707 | 0.5 - 0.786 | 0.786*min - 0.786*max |
| '3 Drives' | 1.272 - 1.618 | 0.618 - 0.786 | 1.272 - 1.618 | 1.618 - 2.618 |
| 'A 3 Drives' | 0.618 - 0.786 | 1.272 - 1.618 | 0.618 - 0.786 | 0.13 - 0.886 |
| '121' | 0.382 - 0.786 | 1.128 - 3.618 | 0.5 - 0.786 | 0.382 - 0.786 |
| 'A 121' | 1.272 - 2.0 | 0.5 - 0.786 | 1.272 - 2.0 | 1.272 - 2.618 |
| '121 BG' | 0.618 - 0.707 | 1.128 - 1.733 | 0.5 - 0.577 | 0.447 - 0.786 |
| 'Black Swan' | 1.128 - 2.0 | 0.236 - 0.5 | 1.382 - 2.618 | 1.128 - 2.618 |
| 'White Swan' | 0.5 - 0.886 | 2.0 - 4.237 | 0.382 - 0.786 | 0.238 - 0.886 |
| 'NN White Swan' | 0.5 - 0.886 | 2.0 - 4.236 | 0.382 - 0.724 | 0.382 - 0.886 |
| 'Sea Pony' | 1.618 - 2.618 | 0.382 - 0.5 | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Navarro 200' | 0.886 - 3.618 | 0.886 - 1.128 | 0.382 - 0.786 | 0.886 - 1.128 |
| 'May-00' | 0.5 - 0.618 | 1.618 - 2.236 | 1.128 - 1.618 | 0.5 - 0.618 |
| 'SNORM' | 0.9 - 1.1 | 0.9 - 1.1 | 0.9 - 1.1 | 0.618 - 1.618 |
| 'COL Poruchik' | 1.0 *min - 1.0 *max | 0.382 - 2.618 | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Henry – David' | 0.618 - 0.886 | 0.44 - 0.618 | 0.128 - 2.0 | 0.618 - 1.618 |
| 'DAVID VM 1' | 1.618 - 1.618 | 0.382*min - 0.382*max | 0.128 - 1.618 | 0.618 - 3.618 |
| 'DAVID VM 2' | 1.618 - 1.618 | 0.382*min - 0.382*max | 1.618 - 3.618 | 0.618 - 7.618 |
| 'Partizan' | 1.618*min - 1.618*max | 0.382*min - 0.382*max | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Partizan 2' | 1.618 - 2.236 | 1.128 - 1.618 | 0.128 - 3.618 | 1.618 - 3.618 |
| 'Partizan 2.1' | 1.618*min - 1.618*max | 1.128*min - 1.128*max | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Partizan 2.2' | 2.236*min - 2.236*max | 1.128*min - 1.128*max | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Partizan 2.3' | 1.618*min - 1.618*max | 0.618 - 1.618 | 0.128 - 3.618 | 0.618 - 3.618 |
| 'Partizan 2.4' | 2.236*min - 2.236*max | 1.618*min - 1.618*max | 0.128 - 3.618 | 0.618 - 3.618 |
| 'TOTAL' | 1.272 - 3.618 | 0.382 - 2.618 | 0.276 - 0.786 | 0.618 - 1.618 |
| 'TOTAL NN' | 1.272 - 4.236 | 0.382 - 2.618 | 0.236 - 0.786 | 0.618 - 1.618 |
| 'TOTAL 1' | 1.272 - 2.618 | 0.382 - 0.886 | 0.382 - 0.786 | 0.786 - 0.886 |
| 'TOTAL 2' | 1.618 - 3.618 | 0.382 - 0.886 | 0.382 - 0.786 | 1.128 - 1.618 |
| 'TOTNN 2NN' | 1.618 - 4.236 | 0.382 - 0.886 | 0.382 - 0.786 | 1.128 - 1.618 |
| 'TOTAL 3' | 1.272 - 2.618 | 1.128 - 2.618 | 0.276 - 0.618 | 0.618 - 0.886 |
| 'TOTNN 3NN' | 1.272 - 2.618 | 1.128 - 2.618 | 0.236 - 0.618 | 0.618 - 0.886 |
| 'TOTAL 4' | 1.618 - 2.618 | 1.128 - 2.618 | 0.382 - 0.786 | 1.128 - 1.272 |
| 'BG 1' | 2.618*min - 2.618*max | 0.382*min - 0.382*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 2' | 2.237*min - 2.237*max | 0.447*min - 0.447*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 3' | 2.0 *min - 2.0 *max | 0.5 *min - 0.5 *max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 4' | 1.618*min - 1.618*max | 0.618*min - 0.618*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 5' | 1.414*min - 1.414*max | 0.707*min - 0.707*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 6' | 1.272*min - 1.272*max | 0.786*min - 0.786*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 7' | 1.171*min - 1.171*max | 0.854*min - 0.854*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
| 'BG 8' | 1.128*min - 1.128*max | 0.886*min - 0.886*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max |
|-------------------|------------------------|------------------------|-----------------------|-----------------------|
🔶 SETTINGS
🔹 Swings
Minimum Swing Length: Minimum length used for the swing detection.
Maximum Swing Length: Maximum length used for the swing detection.
🔹 Patterns
Toggle Pattern Block
Toggle separate pattern in each Pattern Block
🔹 Tolerance
Fibonacci Ratio: Adds a percentage tolerance below/above the ratio when only one ratio applies, creating two limits.
Triangle Area Ratio: Filters patterns based on the ratio of the smallest triangle to the largest triangle.
🔹 Display
Labels: Display Pattern Names, Arrows or nothing
Patterns: Display or not
Last Line: Display previous C-D line when updated
🔹 Style
Colors: Pattern Lines/Names/Arrows - background color of patterns
Text Size: Text Size of Pattern Names/Arrows
🔹 Calculation
Calculated Bars: Allows the usage of fewer bars for performance/speed improvement
Precision Swing Point V2.0 - [Gozlan]"Precision Swing Point V2.0," is well-structured and aims to highlight specific conditions in the chart while factoring in time zones and user configurations. Here's a quick breakdown and a couple of improvements or fixes to consider:
Key Features:
Multi-Symbol Analysis:
Incorporates three symbols (Symbol 1, Symbol 2, and Symbol 3) and compares their open/close values to derive candle states (green/red).
Highlighting Conditions:
Green: When Symbol 2 is red and Symbol 1 is green.
Red: When Symbol 2 is green and Symbol 1 is red.
Blue: When Symbol 3 is green and Symbol 1 is red.
Custom Time Highlights:
Allows users to specify times for highlighting specific bars.
Timezone Flexibility:
Time calculations adjust based on user-defined UTC offsets.
ICT FVG [TheFundedRoad]This indicator shows you all ICT Fair value gaps on chart with midpoint line
Fair value gap is a gap in a set of 3 candles, in a bullish FVG you have 1st candle high being lower than third candle low, and in a bearish FVG you have first candle low higher than third candle high, thats how this indicator finds these fair value gaps
It draws the fair value gap from the 2nd candle forward
You can customize the color and if you want to see the midpoint or not, midpoint is 50% of the gap
