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Daily Close GAP Detector [Yosiet]User Manual for "Daily Close GAP Detector "
Overview
This script is designed to help traders identify and react to significant gaps in daily market prices. It plots daily open and close prices and highlights significant gaps with a cross. The script is particularly useful for identifying potential breakouts or reversals based on these gaps.
Configuration
GAP Close Threshold: This input allows you to set a threshold for the gap size that you consider significant. The default value is 0.001.
Timeframe Seeker: This input lets you choose the timeframe for the gap detection. The default is 'D' for daily.
Features
Daily Open and Close Lines: The script plots daily open and close prices. If the close price is lower than the open price, the line is colored red; otherwise, it's green.
Gap Detection: It calculates the difference between the current day's close and the previous day's close, both adjusted for the selected timeframe. If this difference exceeds the threshold, it's considered a significant gap.
Significant Gap Indicator: A cross is plotted on the chart to indicate significant gaps. The color of the cross indicates whether the gap is a short or long gap: red for short gaps and green for long gaps.
Alert Conditions: The script sets up alert conditions for short and long gap breakouts. You can customize the alert messages to include details like the ticker symbol, interval, price, and exchange.
How to Use
Add the Script to Your Chart: Copy the script into the Pine Script editor on TradingView and add it to your chart.
Configure Inputs: Adjust the "GAP Close Threshold" and "Timeframe Seeker" inputs as needed.
Review the Chart: The script will overlay daily open and close prices on your chart, along with crosses indicating significant gaps.
Set Alerts: Use the script's alert conditions to set up alerts for short and long gap breakouts. You can customize the alert messages to suit your trading strategy.
Extending the Code
To extend this script, you can modify the gap detection logic, add more indicators, or integrate it with other scripts for a more comprehensive trading strategy. Remember to test any changes thoroughly before using them in live trading.
Daily Number/Trend Reversal IndicatorIndicator identifies potential price trend exhaustion.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.
Daily Levels Suite + Market BreadthThere are many levels suites out there but many of them use the line series and/or label series to create multiple levels. Pine v5 provides the capability to use line arrays and labels so I wanted to create some code that is extensible to add additional lines/levels and labels to an array of lines with very little effort.
There is also some Market Breadth info that can be shown in the corners of the chart to allow a user to understand how the broader markets are moving compared to the security they are charting.
Current Levels provided are as follows:
Today's Open
Previous Days Close
Previous Days High/Low
Previous Days 50%
T+2 High/Low
All levels and the market breadth table is configurable to be hidden or shown based upon the user's desire.
Daily Session Windows background highlight indicatorIn intraday studies of stock indexes and Forex I have this weird habit of highlighting premarket, core session, lunch break and extended session with different backgrounds. If done by hand, this is tedious work that has to be repeated daily.
I think this feature should be built-in in TradingView. But it isn't.
For a few months now, I have been using this tiny indicator that does precisely that job. It saved me literally hours of focus time and mistakes. I have decided to revamp it and release it. I'm sure it can be useful to others.
Features:
Background color highlighting for premarket , core session , lunch hour and extended session of the trading day.
Session timing preset to match US session, but can be customized.
Can be enabled or disabled on a day of the week basis, including week-end.
Timezone is selectable, matches the chart's instrument but can be set independently to track a different timezone.
Not affected by the timezone you decided to assign to the chat's time scale.
Ready for stock indexes, but can be used to highlight Forex sessions too.
Daily Levels (Open, Prev High/Low)A clean and lightweight indicator that automatically plots three key intraday levels: the Daily Open, the Previous Day's High (PDH), and the Previous Day's Low (PDL). Essential for identifying potential support, resistance, and daily market bias without cluttering your chart.
Overview
This indicator is designed to be a simple yet powerful tool for intraday traders. It automatically draws three of the most significant price levels that traders watch every day:
The Current Day's Opening Price
The Previous Day's High (PDH)
The Previous Day's Low (PDL)
By having these levels plotted automatically, you can keep your charts clean and focus on your strategy instead of manually drawing lines every new trading session.
Key Features
Dynamic Daily Open Line: This line represents the opening price of the current session. It dynamically changes color to give you an at-a-glance view of the daily sentiment.
Green: Current price is trading above the daily open (Bullish sentiment).
Red: Current price is trading below the daily open (Bearish sentiment).
Gray: Current price is at the open.
Previous Day's High (PDH): A line marking the highest price reached during the prior trading session. This level frequently acts as a key resistance point.
Previous Day's Low (PDL): A line marking the lowest price reached during the prior trading session. This level often serves as a key support area.
How to Use This Indicator
These levels are fundamental to many intraday trading strategies:
Identify Support & Resistance: Use PDH and PDL as natural areas to watch for price reactions. A break above PDH can signal strong bullish momentum, while a break below PDL can indicate strong bearish momentum.
Gauge Market Bias: Trading above the Daily Open is often considered bullish for the day, while trading below it is considered bearish. This can help you filter trades to align with the dominant intraday trend.
Set Entries & Exits: Look for confirmation signals (like candlestick patterns or other indicator signals) when the price interacts with these levels. They can also be logical areas for placing stop-losses or take-profit targets.
Customization
The indicator is fully customizable to fit your charting style:
Toggle the visibility of the Daily Open and the PDH/PDL lines.
Adjust the colors and line widths for each level.
This tool helps you stay focused on the levels that matter most for day trading.
Daily Start Vertical Lines (≤1H)This indicator automatically plots vertical lines at the start of each new trading day, based on the selected chart’s timezone. Unlike the default daily session boundaries (which often start at 17:00 New York time), this tool ensures that lines are drawn precisely at 00:00 midnight of the chart’s timezone.
🔹 Features:
Plots a vertical line at every new day start (midnight).
Fully time-zone aware → lines adjust automatically when you change the chart’s timezone.
Customizable line style, width, and color.
Option to limit plotting to specific timeframes (e.g., show only on ≤ 1H charts).
Lightweight & optimized (does not clutter higher-timeframe charts).
🔹 Use Cases:
Quickly identify daily boundaries for intraday analysis.
Helps scalpers and day traders align trades with new day opens.
Useful for strategies that depend on daily session resets.
This tool is especially helpful for traders who want clarity when working across different time zones.
Daily Distribution Range - Amplitude Probability DashboardSummary
This indicator provides a powerful statistical deep-dive into an asset's daily distribution range, amplitude and volatility. It moves beyond simple range indicators by calculating the historical probability of a trading day reaching certain amplitude levels.
The results are presented in a clean, interactive dashboard that highlights the current day's performance in real-time, allowing traders to instantly gauge if the current volatility is normal, unusually high, or unusually low compared to history.
This tool is designed to help traders answer a critical question: "Based on past behavior, what is the likelihood that today's range will be at least X%?"
Key Concepts Explained
1. Daily Amplitude (%)
The indicator first calculates the amplitude (or range) of every historical daily candle and expresses it as a percentage of that day's opening price.
Formula: (Daily High - Daily Low) / Daily Open * 100
This normalization allows for a consistent volatility comparison across different price levels and time periods.
2. Cumulative Probability Distribution
Instead of showing the probability of a day's final range falling into a small, exclusive bin (e.g., "exactly between 1.0% and 1.5%"), this indicator uses a cumulative model. It answers the question, "What is the probability that the daily range will be at least a certain value?"
For example, if the row for "≥ 2%" shows a probability of 12.22%, it means that historically, 12.22% of all trading days have had a total range of 2% or more. This is incredibly useful for risk management and setting realistic expectations.
Core Features
Statistical Dashboard: Presents all data in a clear, easy-to-read table on your chart.
Cumulative Probability Model: Instantly see the historical probability of the daily range reaching or exceeding key percentage levels.
Real-Time Highlight & Arrow (→): The dashboard isn't just historical. It actively tracks the current, unfinished day's amplitude and highlights the corresponding row with a color and an arrow (→). This provides immediate context for the current session's price action.
Timeframe Independent: You can use this indicator on any chart timeframe (e.g., 5-minute, 1-hour, 4-hour), and it will always fetch and calculate using the correct daily data.
Clean & Professional UI: Features a monospace font for perfect alignment and a simple, readable design.
Fully Customizable: Easily adjust the dashboard's position, text size, and the amount of historical data used for the analysis.
How to Use & Interpret the Data
This indicator is not a trading signal but a powerful tool for statistical context and decision-making.
Risk Management: If you see that an asset has only a 5% historical probability of moving more than 3% in a day, you can set stop-losses more intelligently and avoid being overly aggressive with your targets on a typical day.
Setting Profit Targets: Gauge realistic intra-day profit targets. If a stock is already up 2.5% and has historically only moved more than 3% on rare occasions, you might consider taking profits.
Options Trading: Volatility is paramount for options. This tool helps you visualize the expected range of movement, which can inform decisions on strike selection for strategies like iron condors or straddles.
Identifying Volatility Regimes: Quickly see if the current day is a "normal" low-volatility day or an "abnormal" high-volatility day that could signal a major market event or trend initiation.
Dashboard Breakdown
→ (Arrow): Points to the bin corresponding to the current, live day's amplitude.
Amplitude Level: The minimum amplitude threshold. The format "≥ 1.5%" means "greater than or equal to 1.5%".
Days Reaching Level: The raw number of historical days that had an amplitude equal to or greater than the level in the first column.
Prob. of Reaching Level (%): The percentage of total days that reached that amplitude level (Days Reaching Level / Total Days Analyzed).
Settings
Position: Choose where the dashboard appears on your chart.
Text Size: Adjust the font size for better readability on your screen resolution.
Max Historical Days to Analyze: Set the lookback period for the statistical analysis. A larger number provides a more robust statistical sample but may take slightly longer to load initially.
Enjoy this tool and use it to add a new layer of statistical depth to your trading analysis.
Daily Manipulation Probability Dashboard📜 Summary
Tired of getting stopped out on a "Judas Swing" just before the price moves in your intended direction? This indicator is designed to give you a statistical edge by quantifying the daily manipulation move.
The Daily Manipulation Probability Dashboard analyzes thousands of historical trading days to reveal the probability of the initial "stop-hunt" or "fakeout" move reaching certain percentage levels. It presents this data in a clean, intuitive dashboard right on your chart, helping you make more data-driven decisions about stop-loss placement and entry timing.
🧠 The Core Concept
The logic is simple but powerful. For every trading day, we measure two things:
Amplitude Above Open (AAO): The distance price travels up from the daily open (High - Open).
Amplitude Below Open (ABO): The distance price travels down from the daily open (Open - Low).
The indicator defines the "Manipulation" as the smaller of these two moves. The idea is that this smaller move often acts as a liquidity grab to trap traders before the day's primary, larger move ("Distribution") begins.
This tool focuses exclusively on providing deep statistical insight into this crucial manipulation phase.
🛠️ How to Use This Tool
This dashboard is designed to be a practical part of your daily analysis and trade planning.
1. Smarter Stop-Loss Placement
This is the primary use case. The "Prob. (%)" column tells you the historical chance of the manipulation move being at least a certain size.
Example: If the table shows that for EURUSD, the ≥ 0.25% level has a probability of 30%, you can flip this information: there is a 70% probability that the daily manipulation move will be less than 0.25%.
Action: Placing your stop-loss just beyond a level with a low probability gives you a statistically sound buffer against typical stop-hunts.
2. Entry Timing and Patience
The live arrow (→) shows you where the current day's manipulation falls.
Example: If the arrow is pointing at ≥ 0.10% and you know there is a high probability (e.g., 60%) of the manipulation reaching ≥ 0.20%, you might wait for a deeper pullback before entering, anticipating that the "Judas Swing" hasn't completed yet.
3. Assessing Daily Character
Quickly see if the current day's action is unusual. If the manipulation move is already in a very low probability zone (e.g., > 1.00%), it might indicate that your Bias is wrong, or signal a high-volatility day or a potential trend reversal.
📊 Understanding the Dashboard
Ticker: The top-right shows the current symbol you are analyzing.
→ (Arrow): Points to the row that corresponds to the current, live day's manipulation amplitude.
Manip. Level: The percentage threshold being analyzed (e.g., ≥ 0.20%).
Days Analyzed: The raw count of historical days where the manipulation move met or exceeded this level.
Prob. (%): The key statistic. The cumulative probability of the manipulation move being at least the size of the level.
⚙️ Settings
Position: Choose where you want the dashboard to appear on your chart.
Text Size: Adjust the font size for readability.
Max Historical Days to Analyze: Set the number of past daily candles to include in the statistical analysis. A larger number provides a more robust sample size.
I believe this tool provides a unique, data-driven edge for intraday traders across all markets (Forex, Crypto, Stocks, Indices). Your feedback and suggestions are highly welcome!
- @traderprimez
Daily ATR Stop Loss Buffer- Calculates Daily ATR: Uses the daily timeframe ATR (Average True Range) - a measure of price volatility
- Applies Your Buffer: Takes a percentage of that ATR that you set in the settings (e.g., 5% of daily ATR)
- Creates Stop Levels: Calculates where to place stop losses based on current price plus/minus your ATR buffer
Daily EMAs (8, 21 & 50) with BandDescription:
This script plots the Daily EMAs (8, 21, and 50) on any intraday or higher timeframe chart. It provides a clear, multi-timeframe view of market trends by using daily exponential moving averages (EMAs) and a dynamic visual band. I use this on the major indexes to decide if I should be mostly longing or shorting assets.
-In addition to identifying the trend structure, the 8-Day EMA often serves as a key area where buyers or sellers may become active, depending on the market direction:
-In an uptrend, the 8 EMA can act as a dynamic support zone, where buyers tend to re-enter on pullbacks.
-In a downtrend, the same EMA may act as resistance, where sellers become more aggressive.
-The script also includes a colored band between the 8 and 21 EMAs to highlight the short-term trend bias:
-Green fill = 8 EMA is above the 21 EMA (bullish structure).
Blue fill = 8 EMA is below the 21 EMA (bearish structure).
The 50-Day EMA is included to give additional context for intermediate-term trend direction.
Features:
- Daily EMA levels (8, 21, and 50) calculated regardless of current chart timeframe.
- 8 EMA acts as a potential buyer/seller zone based on trend direction.
- Color-coded band between 8 and 21 EMAs:
- Green = Bullish short-term bias
- Blue = Bearish short-term bias
- Customizable price source and EMA offset.
- Suitable for trend trading, pullback entries, and higher-timeframe confirmation.
Use Cases:
Identify key dynamic support/resistance areas using the 8 EMA.
Assess short-, medium-, and intermediate-term trend structure at a glance.
Enhance confluence for entry/exit signals on lower timeframes.
Daily ADR TableDaily ADR Table Indicator
The Daily Average Daily Range (ADR) Table displays real-time volatility statistics directly on your chart. It shows both the current day's range and the historical average daily range as percentages of the current price, providing essential volatility metrics for trading decisions.
The indicator tracks today's range in real-time throughout the trading session using session-based calculations to ensure accuracy. It compares this against a customizable historical average (default 20 days, adjustable from 1-500 days) to help traders assess whether current volatility is above or below normal levels.
All values are displayed as percentages for easy comparison across different price levels and formatted to two decimal places for precision. The table position, text size, alignment, and colors are fully customizable with nine position options and professional default styling optimized for readability.
This indicator is valuable for day traders, swing traders, and market analysts who need to quickly assess current market volatility relative to historical norms. It assists in position sizing decisions, setting stop losses, and identifying potential breakout or consolidation scenarios based on range expansion or contraction.
Daily Breakout + Daily Shadow By RouroThis script is a Pine v5 strategy designed to detect daily candle body breakouts and execute them on any intraday timeframe, while also providing:
Daily Data Retrieval
Using request.security(..., "D", ...) it fetches the OHLC and timestamp of the daily candle, regardless of the chart’s current timeframe.
Calculation of Yesterday’s and Day-Before-Yesterday’s Bodies
b1High and b1Low → the high/low of yesterday’s daily candle body
b2High and b2Low → the high/low of the previous day’s body
Detection of the First Intraday Bar After a New Day
By using ta.change(time("D")), it marks the start of each new trading day.
Drawing the Previous Day’s “Shadow” on the Chart
It overlays a box (box.new) and two wick lines (line.new) with configurable colors and transparency, so you can clearly see the full range of yesterday’s candle on any intraday chart.
Automatic End-of-Day Position Closure
It will automatically close any open position at the start of the next day to avoid unintended rollovers.
Entry Signals
On the very first intraday bar after the daily close:
Long if yesterday’s close broke above the body of the day before yesterday
Short if yesterday’s close broke below the body of the day before yesterday
…which triggers a strategy.entry at the intraday open.
Fully Customizable Stop-Loss and Take-Profit
SL options:
Opposite end of yesterday’s body
Fixed pips from entry
A risk-reward ratio on yesterday’s wick
Optional “safety SL” in fixed pips that overrides the above
TP options:
Fixed pips
Yesterday’s wick extreme (high/low)
Partial exit on the wick (TP1), then second exit (TP2) either:
At a multiplied RR
Or at the daily close (“Close of Day”)
You can also choose to move SL to breakeven after TP1 is hit.
Live Metrics Table
In the upper-right corner it displays in real time:
Start of backtest (date of first trade)
Number of ✅ Winning trades and ❌ Losing trades
Total number of trades
Win rate (%)
Profit Factor
All within a fixed table layout so it never runs out of rows or columns.
Daily ATR Bonanza: Expected Moves - Tr33man Daily ATR Bonanza: Expected Moves
Overview 🤷♂️
The Daily ATR Bonanza script is a powerful trading tool designed to help traders visualize and understand potential price movements using the Average True Range (ATR). It provides daily and weekly ATR levels, historical statistics, and conditional probability analysis to give traders actionable insights. The script also plots the daily Keltner channel. This script is ideal for traders who want to gauge volatility, identify key levels, and make data-driven decisions.
b]Key Features:
📈 1. Daily and Weekly ATR Levels
🔵ATR Levels: The script calculates and displays ATR-based levels for the day and week. These levels are derived from the previous day's or week's close price and are adjusted using customizable multipliers (0.5x, 1x, and 1.5x by default).
🔵You can choose the number of ATR levels (1, 2, or 3) and adjust the multipliers to suit your trading strategy.
🌐 2. ATR Bands (Keltner Channels)
🔵The script includes an option to display ATR Bands, which are volatility-based envelopes around a moving average. These bands help identify overbought and oversold conditions.
🔵You can adjust the ATR multiplier and the length of the moving average used for the bands.
🧮 3. Historical Statistics and Conditional Probability
🔵 Historical Analysis: The script analyzes historical price movements to calculate the likelihood of closing at certain ATR levels.
🔵 Conditional Probability: This feature shows the probability of the price reaching specific ATR levels given the current market conditions. The conditional matches historical data by an open in the same opening ATR bucket, as well as the current price bucket having been visited in the historical case. Conditional probabilities are just statistics, and do not predict anything.
Data Table: 📚
🔵 Historical Close Probability: The percentage of days the price closed within each ATR level.
🔵 Conditional Close Probability: The likelihood of the price closing within each ATR level today.
❓ What is Conditional Probability? ❓
Conditional probability is a statistical measure that calculates the likelihood of an event occurring given that another event has already occurred. In this script, it is used to determine the probability of the price reaching specific ATR levels based on the current opening range as well as current ATR distance from the previous close.
For example:
If the market opens near the lower end of the first ATR level, the script calculates the likelihood of the price reaching the upper end of the first, second, or third ATR level.
This analysis is based on historical data, making it a powerful tool for understanding potential price movements.
🌟 Understanding the Levels
🔵Daily Levels: These are based on the previous day's close price and ATR. They are updated at the start of each new day.
🔵Weekly Levels: These are based on the previous week's close price and ATR. They are updated at the start of each new week.
🔵ATR Bands: These are dynamic levels that adjust with market volatility.
🔬 Analyze the Statistics (Daily only for now, no weekly yet)
🔵Use the interactive table to understand historical probabilities and conditional probabilities.
🔵Focus on the current opening range and the likelihood of reaching specific levels.
🧠 Make Trading Decisions
🔵Use the ATR levels and bands to identify key support and resistance levels.
🔵Use the conditional probability table to gauge the likelihood of reaching specific targets.
🔵Adjust your strategy based on the historical performance of the market.
Example Use Cases
1. Day Trading
Use the daily ATR levels to set intraday targets and stop-loss levels.
Monitor the conditional probability table to adjust your expectations based on the opening range.
2. Swing Trading
Use the weekly ATR levels to identify longer-term support and resistance levels.
3. Scalping
Use the ATR bands to identify overbought and oversold conditions.
Use the conditional probability table to quickly assess the likelihood of price movements.
Daily Levels & Stats Pro - [Aspect] v4.0# Description of the "Daily Levels & Stats Pro - v4.0" Indicator
This indicator is a powerful tool for market analysis through the lens of key daily levels and statistical price movement indicators. It allows you to display important trading session opening levels, daily statistical movements, and high volatility zones on the price chart.
## Main Indicator Functions:
### Key Time Levels:
- **Daily Open (DO)** - daily trading session opening level at 02:00
- **NY Midnight (NYM)** - New York session opening level at 06:00
- **Trade Open (TO)** - active trading opening level at 10:00
### Analysis Zones:
- **Previous Close Zone (PCZ)** - previous day's closing zone (displayed on M5 timeframe)
- **Open Day Zone (ODZ)** - current day's opening zone (displayed on M5 timeframe)
### Statistical Price Movement Levels:
- **Min** - minimum statistical movement from DO
- **Max** - maximum statistical movement from DO
- **Aver** - average statistical movement from DO
- **Dev-** - lower deviation of movement from DO
- **Dev+** - upper deviation of movement from DO
### TO Impulse Movement Statistical Levels:
- **Aver TO** - average statistical movement from TO
- **Dev+ TO** - upper deviation of movement from TO
- **Max TO** - maximum statistical movement from TO
## Indicator Features:
- Complete customization of colors, styles, and line widths for all levels
- Ability to select time for each main level
- Adjustment of the number of bars for level display
- Automatic calculation of level values relative to DO and TO
- Visual display of TO-levels starts 3 bars before the actual TO point, providing better visual perception
- Ability to enable/disable individual levels and zones
- Automatic updates and resets when the day changes
- Adaptive text labels to mark levels
This indicator is excellent for traders who use statistical data and daily support/resistance levels in their trading strategy. It is particularly useful for DAX40 and other highly liquid instruments where daily trading statistics are important for making trading decisions.
Daily Volume High Notifier📜 Script Description – Daily Volume High Notifier
This indicator monitors trade volume and sends an alert whenever a new daily high in volume is reached. The high volume is reset at the beginning of each trading day, allowing traders to stay informed of significant intraday volume spikes.
🛠️ Features:
Tracks the highest trade volume for the current day.
Resets the volume high tracker at the start of each new day.
Sends a real-time notification (alert()) whenever a new volume high is detected.
Useful for identifying unusual activity, potential breakouts, or institutional participation.
📊 Visual Elements:
Blue histogram for standard volume.
Red line showing the current day’s highest volume so far.
🔔 How to Use:
Add the script to any chart.
Enable alerts using the built-in alert() function.
Receive notifications every time volume hits a new high for the day.
🔔 Setting up Alerts in TradingView:
After adding this indicator to your chart:
Click the Alarm Clock (Alerts) icon.
Set condition: Daily Volume High Notifier → alert() function call .
Choose your alert type (app notification, email, popup, etc.).
Name it something like "Volume High Alert" and hit Create.
This tool is ideal for day traders, scalpers, and volume-based strategy traders who want to be instantly notified of spikes in market activity.
Daily Borders with Weekday Labels[fitfatq]Indicator Overview
This indicator displays daily vertical border lines and the previous day’s weekday label on intraday charts (i.e., charts with a timeframe lower than Daily). It draws a vertical line at the start of each new trading day and places a label displaying the previous day’s weekday (e.g., Monday) at the horizontal midpoint between the previous and the current day. Users can customize various visual aspects such as the separator line style and width, label style, text color, and text size. Additionally, the indicator offers an option to fix the label’s Y coordinate at a specified price level to prevent it from being overlapped by candlesticks.
Parameter Details
Use Fixed Weekday Label Y Coordinate
Type: Boolean
Default: false
Description: When enabled, the weekday label’s vertical position will be fixed at a specified price level (see next parameter). Otherwise, the label’s Y position is determined dynamically (typically based on the current bar’s low minus 3 ticks).
Fixed Weekday Label Y Coordinate (price)
Type: Float
Default: 130.0
Description:
This parameter sets the fixed price level at which the weekday label will be displayed if the "Use Fixed Weekday Label Y Coordinate" option is enabled. Please input a value that corresponds to your chart’s price scale (e.g., 130.50). Note: In charts with high price levels (for example, stocks trading at 3000 or above), it is recommended to set this value to 3000 or above. The higher the value, the closer the label will appear to the candlesticks.
Separator Line Style
Type: String (Options: "Solid", "Dotted", "Dashed")
Default: "Dotted"
Description: Specifies the style of the vertical separator line drawn at the start of each new day. "Solid" displays a continuous line, "Dotted" shows a dotted line, and "Dashed" provides a dashed line.
Separator Line Width
Type: Integer
Default: 1
Description: Determines the thickness of the separator line. A higher number results in a thicker line; the minimum value is 1.
Label Style
Type: String (Options: "None", "Label Up", "Label Down", "Label Left", "Label Right", "Label Center")
Default: "None"
Description: Sets the built-in style for the weekday label. "None" means no background or border (plain text only), while other options apply predefined visual effects.
Text Color
Type: Color
Default: Black
Description: Determines the text color of the weekday label.
Label Text Size
Type: String (Options: "Tiny", "Small", "Normal", "Large", "Huge")
Default: "Normal"
Description: Specifies the text size of the weekday label. Adjust according to preference to ensure the label is readable.
Usage Summary
How It Works:
The indicator detects the start of a new trading day using a change in the daily timeframe (via ta.change(time("D"))). When a new day begins, it draws a vertical separator line at the first bar of that day. If previous day data is available, the indicator calculates the horizontal midpoint between the start of the previous day and the current day and displays the previous day’s weekday label at that position. If the fixed Y coordinate option is enabled, the label is drawn at the specified price level; otherwise, it is positioned relative to the current bar’s low.
Customization:
Users can adjust all visual aspects, including the line style and width as well as the label style, text color, and text size. The fixed Y coordinate option allows the label’s vertical position to remain constant, which helps prevent overlapping with price bars.
Chart Requirement:
This indicator only operates on intraday charts (timeframes lower than Daily) and will not display on Daily or higher timeframe charts.
License
This indicator is released under the Mozilla Public License 2.0. Please credit the original author (fitfatq) when using or sharing this script.
Daily Performance HeatmapThis script displays a customizable daily performance heatmap for key assets across crypto, equities, bonds, commodities, currencies, and volatility indices.
Each cell shows the current price and the percent change since the daily open, color-coded using a gradient from negative to positive. Assets are arranged in a left-to-right, top-down grid, with adjustable layout and styling.
⚙️ Features:
🔢 Displays current price and daily % change
🎨 Color-coded heatmap using customizable gradients
🧱 Adjustable layout: number of columns, cell size, and text size
🧠 Smart price formatting (no decimals for BTC, Gold, etc.)
🪟 Clean alignment with padded spacing for UI clarity
🛠️ Future plans:
User-input asset lists and labels
Category grouping and dynamic sorting
Optional icons, tooltips, or alerts
Daily Open Levels (Custom Pips)Daily Open Levels Indicator
Overview: The Daily Open Levels indicator is a simple but powerful tool designed for intraday traders who focus on the daily open price and pip-based levels for decision-making. This indicator helps you visualize key price levels based on the daily opening price, with configurable upper and lower levels calculated in pips. It is especially useful for tracking price movements relative to the previous day’s open and can help traders identify breakout zones, potential support/resistance, and key entry/exit points.
eatures:
Daily Open Price: The indicator automatically calculates and plots the daily open of the current trading day.
Upper and Lower Levels: Configurable upper and lower levels based on a user-defined pip interval. These levels can act as potential resistance or support zones.
Adjustable Pip Interval: You can customize the pip distance for the upper and lower levels to suit different trading styles and volatility.
Works for All Pairs: Option to automatically detect JPY pairs with a different pip value (0.1), or you can manually select your pair setting.
Color Customization: You can choose different colors for the daily open line, upper levels, and lower levels for easy visualization.
Immediate Visual Feedback: The indicator immediately draws the lines on the chart when added, without waiting for any market data.
How It Works:
The daily open price is retrieved from the current trading day, and horizontal lines are drawn at this price level, as well as at pip-based distances above and below it.
The pip distance is calculated using the Pip Interval setting and can be adjusted for any pair. For example, a 225-pip interval would create lines at 225 pips above and below the daily open.
The indicator dynamically updates every minute to reflect new daily opens and adjustments for each trading day.
Lines are drawn using the HLine (horizontal line) objects in MetaTrader 5, making them easy to spot and follow.
Parameters:
Pip Interval: Defines the pip distance for upper and lower levels (e.g., 225 pips). This affects how far above and below the daily open the levels are drawn.
Number of Levels: Sets how many upper and lower levels are drawn.
JPY Pairs: An option to adjust the pip value for JPY pairs (0.1 pip for JPY pairs vs. 0.01 pip for others).
Line Colors: Customize the colors for the daily open, upper levels, and lower levels.
Style & Width: Adjust the style (solid/dashed) and width of the lines to match your preferences.
Daily ProtractorDaily Protractor Indicator
Overview
The Daily Protractor is a visually intuitive tool designed for traders who want to analyze price action through angular measurements on a 5-minute chart. By overlaying a protractor on the chart, this indicator helps identify potential support, resistance, and trend directions based on angular relationships from the first 5-minute candle of each day. It’s particularly useful for intraday traders looking to incorporate geometric analysis into their strategies for spot or strike charts.
Key Features
Dynamic Protractor Overlay: Draws a protractor centered on the low of the first 5-minute candle of each day, with customizable radius in both bars (horizontal) and price units (vertical).
Angular Measurements: Displays angles in 5-degree increments, covering a full 360° circle or a 105° to -105° (91° to 269°) half-circle, depending on user preference.
Customizable Display:
Adjust the number of days to display protractors (up to 5 days).
Customize line colors for different angle ranges (0° to 180°, 180° to 360°, and 0° specifically).
Modify line thickness, label size, and label colors for better visibility.
Center Point Highlight: Marks the center of each protractor with a labeled point for easy reference.
Efficient Design:
Optimized with max_lines_count, max_labels_count, and max_bars_back to ensure smooth performance on TradingView.
How It Works
The indicator identifies the first 5-minute candle of each day and uses its low price as the center point for a protractor. It then draws lines at 5-degree intervals, radiating from the center, with each line representing an angle from 0° to 360°. Labels at the end of each line display the angle in degrees, with negative values shown for angles between 195° and 345° (e.g., 270° is displayed as -90°). The protractor’s radius can be adjusted in both time (bars) and price units, allowing traders to scale the tool to their chart’s characteristics.
Usage Instructions
Add to Chart:
Apply the indicator to a 5-minute chart of your chosen instrument (e.g., spot or strike charts).
Interpret the Protractor:
Use the angular lines to identify potential price levels or trend directions.
The 0° line (horizontal) can act as a reference for horizontal support/resistance.
Angles between 0° and 180° (upper half) and 180° and 360° (lower half) are color-coded for quick identification.
Customize Settings:
Toggle the Show 105° to -105° option to display a half-circle (91° to 269°) instead of a full 360° protractor.
Adjust the Radius in Bars and Radius in Price Units to scale the protractor to your chart.
Set the Maximum Days to Display to control how many daily protractors are shown.
Modify line thickness, colors, and label settings to suit your visual preferences.
Customization Options
Protractor Settings:
Show 105° to -105° (91° to 269°): Toggle between a full circle or a half-circle protractor.
Radius in Bars: Set the horizontal span of the protractor (default: 75 bars).
Radius in Price Units: Set the vertical span in price units (default: 1000.0).
Maximum Days to Display: Limit the number of protractors shown (default: 5 days).
Line Settings:
Line Thickness: Adjust the thickness of the protractor lines (1 or 2).
Line Color (0° to 180°): Color for the upper half (default: light blue).
Line Color (180° to 360°): Color for the lower half (default: light red).
Line Color (0°): Color for the 0° line (default: black).
Label Settings:
Label Size: Choose between small, normal, or large labels.
Label Color (0° to 180°): Color for labels in the upper half (default: red).
Label Color (180° to 360°): Color for labels in the lower half (default: green).
Notes
The indicator was designed with the help of Grok3 for use on 5-minute charts only, as it relies on the first 5-minute candle of the day to set the protractor’s center.
For best results, adjust the radius settings to match the volatility and price scale of your instrument. However, where the price is in single digits it is advised to switch off the labels or I would suggest not to use the same.
The protractor can be used alongside other technical tools to confirm trends, reversals, or key price levels.
Limitations: This cannot be used on instruments that trade for more than 75 candles with a timeframe of 5 minutes as the angles would not cover the entire trading window. I am working coming up with a script to address this limitation.
Feedback
I’d love to hear your thoughts! If you find the Daily Protractor helpful or have suggestions for improvements, please leave a comment or reach out. Happy trading!
Daily Range %The Daily Range % Indicator calculates and plots a percentage of the daily range (high to low) based on a custom lookback period. It identifies outside bars from past daily data, prioritizing the most recent unbroken range. If no outside bar is found, it defaults to yesterday's range. The selected percentage of this range is then displayed on the chart, updating once per 5-minute bar (or the chosen resolution).
Daily & Multi-Day High/LowDaily & Multi-Candle High/Low Indicator
This indicator clearly highlights essential price levels directly on your chart, significantly improving your trading decisions:
First Candle High/Low (Session Open):
Quickly identify the high and low of the first candle each trading day, ideal for session-open traders.
Previous Day's High/Low:
Automatically plots the highest and lowest prices from the previous trading day, crucial for daily breakout or reversal strategies.
Multi-Candle High/Low (Customizable Period):
Easily track the highest and lowest points of the last X candles (default: 108 candles). Perfect for spotting key support and resistance zones.
Customization Options:
Adjust colors, line styles (solid, dashed, dotted), and line thickness directly from the settings for personalized visibility.
Ideal for day traders, swing traders, and price-action traders looking for clear and actionable daily levels on their charts.
