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ForecastForecast (FC), indicator documentation Type: Study, not a strategy Primary timeframe: 1D chart, most plots and the on-chart table only render on daily bars Inspiration: Robert Carver’s “forecast” concept from Advanced Futures Trading Strategies, using normalized, capped signals for comparability across markets ⸻ What the indicator does FC builds a volatility-normalized momentum forecast for a chosen symbol, optionally versus a benchmark. It combines an EWMAC composite with a channel breakout composite, then caps the result to a common scale. You can run it in three data modes: • Absolute: Forecast of the selected symbol • Relative: Forecast of the ratio symbol / benchmark • Combined: Average of Absolute and Relative A compact table can summarize the current forecast, short-term direction on the forecast EMAs, correlation versus the benchmark, and ATR-scaled distances to common price EMAs. ⸻ PineScreener, relative-strength screening This indicator is excellent for screening on relative strength in PineScreener, since the forecast is volatility-normalized and capped on a common scale. Available PineScreener columns PineScreener reads the plotted series. You will see at least these columns: • FC, the capped forecast • from EMA20, (price − EMA20) / ATR in ATR multiples • from EMA50, (price − EMA50) / ATR in ATR multiples • ATR, ATR as a percent of price • Corr, weekly correlation with the chosen benchmark Relative mode and Combined mode are recommended for cross-sectional screens. In Relative mode the calculation uses symbol / benchmark, so ensure the ratio ticker exists for your data source. ⸻ How it works, step by step 1. Volatility model Compute exponentially weighted mean and variance of daily percent returns on D, annualize, optionally blend with a long lookback using 10y %, then convert to a price-scaled sigma. 2. EWMAC momentum, three legs Daily legs: EMA(8) − EMA(32), EMA(16) − EMA(64), EMA(32) − EMA(128). Divide by price-scaled sigma, multiply by leg scalars, cap to Cap = 20, average, then apply a small FDM factor. 3. Breakout momentum, three channels Smoothed position inside 40, 80, and 160 day channels, each scaled, then averaged. 4. Composite forecast Average the EWMAC composite and the breakout composite, then cap to ±20. Relative mode runs the same logic on symbol / benchmark. Combined mode averages Absolute and Relative composites. 5. Weekly correlation Pearson correlation between weekly closes of the asset and the benchmark over a user-set length. 6. Direction overlay Two EMAs on the forecast series plus optional green or red background by sign, and optional horizontal level shading around 0, ±5, ±10, ±15, ±20. ⸻ Plots • FC, capped forecast on the daily chart • 8-32 Abs, 8-32 Rel, single-leg EWMAC plus breakout view • 8-32-128 Abs, 8-32-128 Rel, three-leg composite views • from EMA20, from EMA50, (price − EMA) / ATR • ATR, ATR as a percent of price • Corr, weekly correlation with the benchmark • Forecast EMA1 and EMA2, EMAs of the forecast with an optional fill • Backgrounds and guide lines, optional sign-based background, optional 0, ±5, ±10, ±15, ±20 guides Most plots and the table are gated by timeframe.isdaily. Set the chart to 1D to see them. ⸻ Inputs Symbol selection • Absolute, Relative, Combined • Vs. benchmark for Relative mode and correlation, choices: SPY, QQQ, XLE, GLD • Ticker or Freeform, for Freeform use full TradingView notation, for example NASDAQ:AAPL Engine selection • Include: • 8-32-128, three EWMAC legs plus three breakouts • 8-32, simplified view based on the 8-32 leg plus a 40-day breakout EMA, applied to the forecast • EMA1, EMA2, with line-width controls, plus color and opacity Volatility • Span, EW volatility span for daily returns • 10y %, blend of long-run volatility • Thresh, Too volatile, placeholders in this version Background • Horizontal bg, level shading, enabled by default • Long BG, Hedge BG, colors and opacities Show • Table, Header, Direction, Gain, Extension • Corr, Length for correlation row Table settings • Position, background, opacity, text size, text color Lines • 0-lines, 10-lines, 5-lines, level guides ⸻ Reading the outputs • Forecast > 0, bullish tilt; Forecast < 0, bearish or hedge tilt • ±10 and ±20 indicate strength on a uniform scale • EMA1 vs EMA2 on the forecast, EMA1 above EMA2 suggests improving momentum • Table rows, label colored by sign, current forecast value plus a green or red dot for the forecast EMA cross, optional daily return percent, weekly correlation, and ATR-scaled EMA9, EMA20, EMA50 distances ⸻ Data handling, repainting, and performance • Daily and weekly series are fetched with request.security(). • Calculations use closed bars, values can update until the bar closes. • No lookahead, historical values do not repaint. • Weekly correlation updates during the week, it finalizes on weekly close. • On intraday charts most visuals are hidden by design. ⸻ Good practice and limitations • This is a research indicator, not a trading system. • The fixed Cap = 20 keeps a common scale, extreme moves will be clipped. • Relative mode depends on the ratio symbol / benchmark, ensure both legs have data for your feed. ⸻ Credits Concept inspired by Robert Carver’s forecast methodology in Advanced Futures Trading Strategies. Implementation details, parameters, and visuals are specific to this script. ⸻ Changelog • First version ⸻ Disclaimer For education and research only, not financial advice. Always test on your market and data feed, consider costs and slippage before using any indicator in live decisions.
Indicatore Pine Script®
di BB_9791
ADR % RangesThis indicator is designed to visually represent percentage lines from the open of the day. The % amount is determined by X amount of the last days to create an average...or Average Daily Range (ADR). 1. ADR Percentage Lines: The core function of the script is to apply lines to the chart that represent specific percentage changes from the daily open. It first calculates the average over X amount of days and then displays two lines that are 1/3rd of that average. One line goes above the other line goes below. The other two lines are the full "range" of the average. These lines can act as boundaries or targets to know how an asset has moved recently. *Past performance is not indicative of current or future results. The calculation for ADR is: Step 1. Calculate Today's Range = DailyHigh - DailyLow Step 2. Store this average after the day has completed Step 3. Sum all day's ranges Step 4. Divide by total number of days Step 5. Draw on chart 2. Customizable Inputs: Users have the flexibility to customize the script through various inputs. This includes the option to display lines only for the current trading day (`todayonly`), and to select which lines are displayed. The user can also opt to show a table the displays the total range of previous days and the average range of those previous days. 3. No Secondary Timeframe: The ADR is computed based on whatever timeframe the chart is and does not reference secondary periods. Therefore the script cannot be used on charts greater than daily. This script is can be used by all traders for any market. The trader might have to adjust the "X" number of days back to compute a historical average. Maybe they only want to know the average over the past week (5 days) or maybe the past month (20 days).
Indicatore Pine Script®
di GoodGains
4
HTF Current/Average RangeThe "HTF(Higher Timeframe) Current/Average Range" indicator calculates and displays the current and average price ranges across multiple timeframes, including daily, weekly, monthly, 4 hour, and user-defined custom timeframes. Users can customize the lookback period, table size, timeframe, and font color; with the indicator efficiently updating on the final bar to optimize performance. When the current range surpasses the average range for a given timeframe, the corresponding table cell is highlighted in green, indicating potential maximum price expansion and signaling the possibility of an impending retracement or consolidation. For day trading strategies, the daily average range can serve as a guide, allowing traders to hold positions until the current daily range approaches or meets the average range, at which point exiting the trade may be considered. For scalping strategies, the 15min and 5min average range can be utilized to determine optimal holding periods for fast trades. Other strategies: Intraday Trading - 1h and 4h Average Range Swing Trading - Monthly Average Range Short-term Trading - Weekly Average Range Also using these statistics in accordance with Power 3 ICT concepts, will assist in holding trades to their statistical average range of the chosen HTF candle. CODE The core functionality lies in the data retrieval and table population sections. The request.security function (e.g., = request.security(syminfo.tickerid, "D", , lookahead = barmerge.lookahead_off)) retrieves high and low prices from specified timeframes without lookahead bias, ensuring accurate historical data. These values are used to compute current ranges and average ranges (ta.sma(high - low, avgLength)), which are then displayed in a dynamically generated table starting at (if barstate.islast) using table.new, with conditional green highlighting when the current range is greater than average range, providing a clear visual cue for volatility analysis.
Indicatore Pine Script®
di Eightgent7
BTC Backwardation SearcherThis Pine Script code is a custom indicator named "BTC Backwardation Searcher" designed for the TradingView platform. The indicator aims to identify and visualize the price difference between two Bitcoin futures contracts: CME:BTC1! and CME:BTC2!. Here's a breakdown of the code: 1. The script fetches the daily close prices of CME:BTC1! and CME:BTC2! using the security() function. 2. It calculates the percentage price difference between the two contracts using the formula: (btc1Price - btc2Price) / btc2Price * 100. 3. The script also calculates the price difference for the previous two days (2 days ago and 3 days ago) using the same formula. 4. Two conditions are defined: (1) dailyGreenCondition: If the price difference is greater than or equal to 0.3% for three consecutive days, including the current day and the previous two days. (2) dailyRedCondition(commented): If the price difference is less than or equal to -1% for three consecutive days, including the current day and the previous two days. (I commented it out because I don't think it's useful.) 5. The plotshape() function is used to display green triangles on the chart when the dailyGreenCondition is met, and red triangles when the dailyRedCondition is met. These triangles are displayed on the daily, weekly, and monthly timeframes. The purpose of this indicator is to help traders identify potential trading opportunities based on the price difference between the two Bitcoin futures contracts. The green triangles suggest a bullish scenario where CME:BTC1! is significantly higher than CME:BTC2!, while the red triangles indicate a bearish scenario where CME:BTC2! is significantly lower than CME:BTC1!. However, it's important to note that this indicator should be used in conjunction with other technical analysis tools and fundamental analysis. Traders should also consider their risk tolerance, investment goals, and market conditions before making any trading decisions based on this indicator.
Indicatore Pine Script®
di Ikboong
AnyTimeAndPrice This indicator allows users to input a specific start time and display the price of a lower timeframe on a higher timeframe chart. It offers customization options for: - Display name - Label color - Line extension By adding multiple instances of the AnyTimeframeTimeAndPrice indicator, each customized for different times and prices, you can create a powerful and flexible tool for analyzing market data. Here's a potential setup: 1. Instance 1: - Time: 08:23 - Price: Open - Display Name: "8:23 Open" - Label Color: Green 2. Instance 2: - Time: 12:47 - Price: High - Display Name: "12:47 High" - Label Color: Red 3. Instance 3: - Time: 15:19 - Price: Low - Display Name: "3:19 Low" - Label Color: Blue 4. Instance 4: - Time: 16:53 - Price: Close - Display Name: "4:53 Close" - Label Color: Yellow By having multiple instances, you can: - Track different times and prices on the same chart - Customize the display names, label colors, and line extensions for each instance - Easily compare and analyze the relationships between different times and prices This setup can be particularly useful for: - Identifying key levels and support/resistance areas - Analyzing market trends and patterns - Making more informed trading decisions Inputs: 1. AnyStartHour: Integer input for the start hour (default: 09, range: 0-23) 2. AnyStartMinute: Integer input for the start minute (default: 30, range: 0-59) 3. Sourcename: String input for the display name (default: "Open", options: "Open", "Close", "High", "Low") 4. Src_col: Color input for the label color (default: aqua) 5. linetimeExtMulti: Integer input for the line time extension (default: 1, range: 1-5) Calculations: 1. AnyinputStartTime: Timestamp for the input start time 2. inputhour and inputminute: Hour and minute components of the input start time 3. formattedAnyTime: Formatted string for the input start time (HH:mm) 4. currenttime: Current timestamp 5. currenthour and currentminute: Hour and minute components of the current time 6. formattedTime: Formatted string for the current time (HH:mm) 7. onTime and okTime: Boolean flags for checking if the current time matches the input start time or is within the session 8. firstbartime: Timestamp for the first bar of the session 9. dailyminutesfromSource: Calculation for the daily minutes from the source 10. anyminSrcArray: Request security lower timeframe array for the source 11. ltf (lower timeframe): Integer variable for tracking the lower timeframe 12. Sourcevalue: Float variable for storing the source value 13. linetimeExt: Integer variable for line extension (calculated from linetimeExtMulti) Logic: 1. Check if the current time matches the input start time or is within the session 2. If true, plot a line and label with the source value and formatted time 3. If not, check if the current time is within the daily session and plot a line and label accordingly Notes: - The script uses request.security_lower_tf to request data from a lower timeframe - The script uses line.new and label.new to plot lines and labels on the chart - The script uses str.format_time to format timestamps as strings (HH:mm) - The script uses xloc.bar_time to position lines and labels at the bar time This script allows users to input a specific start time and display the price of a lower timeframe on a higher timeframe chart, with options for customizing the display name, label color, and line extension.
Indicatore Pine Script®
di OneHolo
ADR/ATR Session No Probability Table by LKHere you go—clear, English docs you can drop into your script’s description or share with teammates. ADR/ATR Session by LK — Overview This indicator summarizes Average Daily Range (ADR) and Average True Range (ATR) for two horizons: • Session H4 (e.g., 06:00–13:00 on a 4‑hour chart) • Daily (D) It shows: • Current ADR/ATR values (using your chosen smoothing method) • How much of ADR/ATR today/this bar has already been consumed (% of ADR/ATR) • ADR/ATR as a percent of price • Optional probability blocks: likelihood that %ADR will exceed user‑defined thresholds over a lookback window • Optional on‑chart lines for the current H4 and Daily candles: Open, ADR High, ADR Low ⸻ What the metrics mean • ADR (H4 / D): Moving average of the bar range (high - low). • ATR (H4 / D): Moving average of True Range (max(hi-lo, |hi-close |, |lo-close |)). • % of ADR (curr H4): (H4 range of the current H4 bar) / ADR(H4) × 100. Updates live even if the current time is outside the session. • % of ADR (Daily): (today’s intra‑day range) / ADR(D) × 100. • % of ATR (curr H4 / Daily): TR / ATR × 100 for that horizon. • ADR % of Price / ATR % of Price: ADR or ATR divided by current price × 100 (a quick “volatility vs. price” gauge). Session logic (H4): ADR/ATR(H4) only update on bars that fall inside the configured session window; outside the window the values hold steady (no recalculation “bleed”). Daily range tracking: The indicator tracks today’s high/low in real‑time and resets at the day change. ⸻ Inputs (quick reference) Core • Length (ADR/ATR): smoothing length for ADR/ATR (default 21). • Wait for Higher TF Bar Close: if true, updates ADR/ATR only after the higher‑TF bar closes when using request.security. Timeframes • Session Timeframe (H4): default 240. • Daily Timeframe: default D. Session time • Session Timezone: “Chart” (default) or a fixed timezone. • Session Start Hour, End Hour (minutes are fixed to 0 in this version). Smoothing methods • H4 ADR Method / H4 ATR Method: SMA/EMA/RMA/WMA. • Daily ADR Method / Daily ATR Method: SMA/EMA/RMA/WMA. Table appearance • Table BG, Table Text, Table Font Size. Lines (optional) • Show current H4 segments, Show current Daily segments • Line colors for Open / ADR High / ADR Low • Line width Probability • H4 Probability Lookback (bars): number of H4 bars to examine (e.g., 300). • Daily Probability Lookback (days): number of D bars (e.g., 180). • ADR thresholds (%): CSV list of thresholds (e.g., 25,50,55,60,65,70,75,80,85,90,95,100,125,150). The table will show the % of lookback bars where %ADR ≥ threshold. Tip: If you want probabilities only for session H4 bars (not every H4 bar), ask and I can add a toggle to filter by inSess. ⸻ How to read the table H4 block • ADR (method) / ATR (method): the session‑aware averages. • % of ADR (curr H4): live progress of this H4 bar toward the session ADR. • ADR % of Price: ADR(H4) relative to price. • % of ATR (curr H4) and ATR % of Price: same idea for ATR. H4 Probability (lookback N bars) • Rows like “≥ 80% ADR” show the fraction (in %) of the last N H4 bars that reached at least 80% of ADR(H4). Daily block • Mirrors the H4 block, but for Daily. Daily Probability (lookback M days) • Rows like “≥ 100% ADR” show the fraction of the last M daily bars whose daily range reached at least 100% of ADR(D). ⸻ Practical usage • Use % of ADR (curr H4 / Daily) to judge exhaustion or room left in the day/session. E.g., if Daily %ADR is already 95%, be cautious with momentum continuation trades. • The probability tables give a quick historical context: If “≥ 125% ADR” is ~18%, the market rarely stretches that far; your trade sizing/targets can reflect that. • ADR/ATR % of Price helps normalize volatility between instruments. ⸻ Troubleshooting • If probability rows are blank: ensure lookback windows are large enough (and that the chart has enough history). • If ADR/ATR show … (NA): usually you don’t have enough bars for the chosen length/TF yet. • If line segments are missing: verify you’re on a chart with visible current H4/D bars and the toggles are enabled. ⸻ Notes & customization ideas • Add a toggle to count only session bars in H4 probability. • Add separate thresholds for H4 vs Daily. • Let users pick minutes for session start/end if needed. • Add alerts when %ADR crosses specified thresholds. If you want me to bundle any of the “ideas” above into the code, say the word and I’ll ship a clean patch.
Indicatore Pine Script®
di kimngan894923
Elliott Wave - Impulse + Corrective Detector (Demo) เทคนิคการใช้ สำหรับมือใหม่ ดูเฉพาะ Impulse Wave ก่อน เทรดตาม direction ของ impulse ใช้ Fibonacci เป็น support/resistance สำหรับ Advanced ใช้ Corrective Wave หาจุด reversal รวม Triangle กับ breakout strategy ใช้ Complex correction วางแผนระยะยาว ⚙️ การปรับแต่ง ถ้าเจอ Pattern น้อยเกินไป ลด Swing Length เป็น 3-4 เพิ่ม Max History เป็น 500 ถ้าเจอ Pattern เยอะเกินไป เพิ่ม Swing Length เป็น 8-12 ปิด patterns ที่ไม่ต้องการ สำหรับ Timeframe ต่างๆ H1-H4: Swing Length = 5-8 Daily: Swing Length = 3-5 Weekly: Swing Length = 2-3 ⚠️ ข้อควรระวัง Elliott Wave เป็น subjective analysis ใช้ร่วมกับ indicators อื่นๆ Backtest ก่อนใช้เงินจริง Pattern อาจเปลี่ยนได้ตลอดเวลา 🎓 สรุป โค้ดนี้เป็นเครื่องมือช่วยวิเคราะห์ Elliott Wave ที่: ✅ ใช้งานง่าย ✅ ตรวจจับอัตโนมัติ ✅ มี confidence scoring ✅ แสดงผล Fibonacci levels ✅ ส่ง alerts เรียลไทม์ เหมาะสำหรับ: Trader ที่ต้องการใช้ Elliott Wave ในการวิเคราะห์เทคนิค แต่ไม่มีเวลานั่งหา pattern เอง 💡 Usage Tips For Beginners Focus on Impulse Waves first Trade in the direction of impulse Use Fibonacci as support/resistance levels For Advanced Users Use Corrective Waves to find reversal points Combine Triangles with breakout strategies Use Complex corrections for long-term planning ⚙️ Customization If You See Too Few Patterns Decrease Swing Length to 3-4 Increase Max History to 500 If You See Too Many Patterns Increase Swing Length to 8-12 Turn off unwanted pattern types For Different Timeframes H1-H4: Swing Length = 5-8 Daily: Swing Length = 3-5 Weekly: Swing Length = 2-3 ⚠️ Important Warnings Elliott Wave is subjective analysis Use with other technical indicators Backtest before using real money Patterns can change at any time 🔧 Troubleshooting No Patterns Showing Check if you have enough price history Adjust Swing Length settings Make sure pattern detection is enabled Too Many False Signals Increase confidence threshold requirements Use higher timeframes Combine with trend analysis Performance Issues Reduce Max History setting Turn off unnecessary visual elements Use on liquid markets only 📈 Trading Applications Entry Strategies Wave 3 Entry: After Wave 2 completion (61.8%-78.6% retracement) Wave 5 Target: Equal to Wave 1 or Fibonacci extensions Corrective Bounce: Trade reversals at C wave completion Risk Management Stop Loss: Beyond pattern invalidation levels Take Profit: Fibonacci extension targets Position Sizing: Based on pattern confidence 🎓 Summary This code is an Elliott Wave analysis tool that offers: ✅ Easy to use interface ✅ Automatic pattern detection ✅ Confidence scoring system ✅ Fibonacci level display ✅ Real-time alerts Perfect for: Traders who want to use Elliott Wave analysis but don't have time to manually identify patterns. 📚 Quick Reference Pattern Hierarchy (Most to Least Reliable) Impulse Waves (90% confidence) Expanded Flats (85% confidence) Zigzags (80% confidence) Triangles (75% confidence) Complex Corrections (70% confidence) Best Practices Start with higher timeframes for main trend Use lower timeframes for precise entries Always confirm with volume and momentum Don't trade against strong fundamental news Keep a trading journal to track performance Remember: Elliott Wave is an art as much as a science. This tool helps identify potential patterns, but always use your judgment and additional analysis before making trading decisions.
Indicatore Pine Script®
di chadayu77
Real-Time Open Levels with Labels + Info TableReal-Time Multi-Timeframe Open Levels with Labels & Info Panel Overview This indicator displays real-time opening price levels across multiple timeframes (Monthly, Weekly, Daily, 4H) directly on your chart. It features: • Dynamic horizontal lines extending through each timeframe period • Customizable labels with text/colors • Special 4H line treatment for the last hour (5-min charts only) • Integrated information panel showing symbol, timeframe, and price changes ! (www.tradingview.com) *Example showing multiple timeframe levels with labels and info panel* --- Features & Configuration 1. Monthly Settings ! (www.tradingview.com) Show Monthly: Toggle visibility of monthly opening price Color: Semi-transparent blue (#2196F3 at 70% opacity) Width: 2px line thickness Style: Solid/Dotted/Dashed Label: Display "M-Open" text with white text on blue background 2. Weekly Settings ! (www.tradingview.com) Show Weekly: Toggle weekly opening price visibility Color: Semi-transparent red (#FF5252 at 70% opacity) Width: 1px thickness Style: Dotted by default Label: "W-Open" text in white on red background 3. Daily Settings ! (www.tradingview.com) Show Daily: Toggle daily opening price Color: Amber (#FFA000 at 70% opacity) Width: 2px thickness Style: Solid Label: "D-Open" in white on orange background --- 4. 4-Hour Settings (5-Minute Charts Only) Special Features for 5-Min Timeframe: 1. Standard 4H Line • First 3 hours: Green (#4CAF50) dashed line • Last hour: Bright red solid line (configurable) • Vertical divider between 3rd/4th hours 2. Configuration Options • Main 4H Line: ◦ Color/Width/Style for initial 3 hours ◦ Toggle label ("H4-Open") visibility and styling • Final Hour Enhancement: *Last Hour Line* ◦ Unique red color and line style ◦ Separate width (1px) and style (Solid) *Divider Line* ◦ Vertical red dotted line marking last hour ◦ Adjustable position/width/transparency ! (www.tradingview.com) *4H levels showing 3-hour segment and final hour treatment* --- 5. Info Panel Settings Positioning: • Anchor to any chart corner (Top/Bottom + Left/Right combinations) • Three text sizes: Title (Huge), Change % (Large), Signature (Small) Display Elements: • Symbol: Show exchange prefix (e.g., "NASDAQ:") • Timeframe: Current chart period (e.g., "5m") • Change %: 24-hour price movement ▲/▼ percentage • Custom Signature: Add text/username in footer Styling: • Semi-transparent white text (#ffffff77) • Currency pair formatting (e.g., BTC/USD vs BTC-USD) ! (www.tradingview.com) *Sample info panel with all elements enabled* --- Usage Tips 1. Multi-Timeframe Context: Use levels to identify key daily/weekly support/resistance 2. 4H Trading: On 5-min charts, watch for price reactions near final hour transition 3. Customization: • Match line colors to your chart theme • Use different labels for clarity (e.g., "Weekly Open") • Disable unused elements to reduce clutter 4. Divider Lines: Helps identify institutional trading periods (hour closes) --- *Created using Pine Script v6. For optimal performance, use on charts <1H timeframe. ()*
Indicatore Pine Script®
di trader-KK
Highs & Lows - Multi TimeFrame### **📌 HL-MWD (Highs & Lows - Multi Timeframe Indicator) – Community Release** #### **🔹 Overview** The **HL-MWD Indicator** is a **multi-timeframe support & resistance tool** that plots **historical highs and lows** from **daily, weekly, and monthly timeframes** onto an intraday chart. It helps traders **identify key levels of support and resistance** that have influenced price action over different timeframes. This indicator is useful for **day traders, swing traders, and position traders** who rely on **multi-timeframe analysis** to spot critical price levels. --- ### **🔥 Key Features** ✅ **Plots Highs & Lows for Daily, Weekly, and Monthly Timeframes** ✅ **Customizable Lookback Periods for Each Timeframe** ✅ **Adjustable Line Colors, Styles (Solid, Dotted, Dashed), and Widths** ✅ **Extend Lines into the Future to Identify Key Price Levels** ✅ **Option to Display Price Labels for Each Level** ✅ **Gradient Option to Highlight Recent Highs & Lows (Disabled by Default)** ✅ **Compatible with Intraday, Daily, and Weekly Charts** --- ### **📈 How It Works** - **Daily Highs & Lows:** Captures the **highest and lowest prices** within the selected lookback period (default: **14 bars**). - **Weekly Highs & Lows:** Marks the **highest and lowest prices** within the chosen weekly lookback (default: **52 bars**). - **Monthly Highs & Lows:** Displays the **high and low points** from the monthly timeframe (default: **36 bars**). - **Extended Lines:** Project past highs and lows **into the future** to help identify **potential support & resistance zones**. --- ### **⚠️ TradingView Lookback Limitations** 🔹 **TradingView has a limit on how many historical bars can be accessed per timeframe**, which affects how far back the indicator can retrieve data. 🔹 **Intraday charts (e.g., 5m, 15m) have a limited number of past bars**, meaning: - **You won’t be able to view 36 months' worth of monthly levels** on a **5-minute chart**, because TradingView doesn’t store that much data in lower timeframes. - **If multiple timeframes (e.g., weekly + monthly) are enabled at the same time**, some historical data may **not be available on shorter timeframes**. 🔹 **Recommendation:** - If using **monthly lookbacks (36 months+), view them on a daily or higher timeframe**. - If using **weekly lookbacks (52 weeks+), higher intraday timeframes (e.g., 1-hour, 4-hour) are better suited**. - **Lower timeframes (1m, 5m, 15m) may miss some levels** if TradingView's bar limit is exceeded. --- ### **⚙️ Customization Options** | **Setting** | **Default Value** | **Description** | |------------------|----------------|----------------| | **Daily Lookback** | `14` | Number of bars used to calculate daily highs/lows. | | **Weekly Lookback** | `52` | Number of bars used to calculate weekly highs/lows. | | **Monthly Lookback** | `36` | Number of bars used to calculate monthly highs/lows. | | **Line Colors** | Daily: `Blue` Weekly: `Green` Monthly: `Red` | Customizable colors for each timeframe. | | **Line Style** | `Solid` | Options: Solid, Dashed, Dotted. | | **Line Width** | `1` | Thickness of the plotted lines. | | **Extend Line** | `1` | Controls how far the highs/lows extend into the future. | | **Display Price Labels** | `Enabled` | Shows price labels on each level. | --- ### **🛠️ How to Use It** - **Enable/disable different timeframes** based on your strategy. - **Customize colors, line styles, and widths** to match your charting style. - **Use extended lines to identify support & resistance zones.** - **Watch price reactions at these levels** for potential entries, exits, and stop-loss placements. --- ### **🚀 Final Thoughts** The **HL-MWD Indicator** is a **powerful multi-timeframe tool** that helps traders **visualize key support & resistance levels** from higher timeframes on an intraday chart. ⚠️ **However, TradingView’s lookback limits apply—so for longer-term levels, higher timeframes are recommended.** 📌 **Now published for the community!** Let me know if you need any last-minute tweaks! 🔥
Indicatore Pine Script®
di Bucknut206