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Extrapolated Pivot Connector - Lets Make Support And ResistancesIntroduction The support and resistance methodology remain the most used one in technical analysis, this is mainly due to its simplicity, and unlike lots of techniques used in technical analysis support and resistances have a certain logic, price can sometimes appear moving into a channel, support and resistances allow the trader to estimate such channel and project it into the future in order to spot points where price might reverse direction. In this script a simple linear support and resistance indicator is proposed, the indicator is made by connecting past pivot high's/low's to more recent ones and extrapolating the resulting connection. The indicator is also able to make support and resistances by using other indicators as input. Indicator Settings The indicator include various settings, the first one being the length setting who determine the sensitivity of the pivot high/low detection, low values of length will detect the pivot high/low of noisy variations, while higher values will detect the pivot high/low of longer term variations. The figure above use length = 5. The A-High parameter determine the position of the pivot high to be used as first point of the resistance line, higher values will use oldest pivot high's as first point. The B-High parameter determine the last pivot high. A-Low and B-Low work the same way but affect the support line, a label is drawn on the chart in order to help you determine the position of A/B-High/Low. Using Other Indicators Output As Input The "Use Custom Source" option allow you to apply the indicator to other indicators, for example we can use a moving average of period 50 as input Or the rsi : Let me help you set the proposed indicator easily to indicators appearing on a separate window, for example the momentum oscillator, add the momentum oscillator to the chart, to do so click on indicator and search "momentum", click on the first result, once on the chart put your mouse pointer on the indicator title, you'll see appearing the hide, settings and delete option, at the right of delete you should see three dots which represent the "more" option, click on it and select "Add indicator on Mom" and select the extrapolated pivot indicator, you can do that by searching it, altho it might be easier to do it by adding the indicator to favorites first, you then only need to select it from your favorites. You might see a mess on the indicator window, thats because the extrapolated pivot is still using high and low as input, go to the settings of the extrapolated pivot indicator and check "Use Custom Source", it should appear properly now. Tips And Tricks When Using Support And Resistances Linear support and resistances assume an approximately linear trend, if you see non linear growth in the price evolution you can use a logarithmic scale in order to have a more linear evolution. To do so right click on the the chart scale and select "Logarithmic" or use the following key shortcut "alt + l". When applying the indicator to an oscillator centered around zero make sure to adjust the settings of the oscillator such that the peak magnitude of the oscillator is relatively constant over time. Here a roc of period 9 has non constant peak amplitude, you can see that by looking at the position of the pivots (circles), increasing the period of the roc help capture more significant pivots high's/low's Conclusion In this post an indicator aiming to draw support and resistances is presented, the fact that it can be applied to any other indicator is a relatively nice option, and i hope you might make use of this feature. The code make heavy use of the new features that where integrated on the v4 of pine, such features are really focused on making figures and labels, things i don't really work with, but it is nice to step out my short codes habits, and i don't exclude working with figures in pine in the future. Thanks for reading !
Indicatore Pine Script®
di alexgrover
83
Strat Failed 2-Up/2-Down Scanner v2**Strat Failed 2-Up/2-Down Scanner** The Strat Failed 2-Up/2-Down Scanner is designed for traders using The Strat methodology, developed by Rob Smith, to identify key reversal patterns in any market and timeframe. This indicator detects two specific candlestick patterns: Failed 2-Up (bearish) and Failed 2-Down (bullish), which signal potential reversals when a directional move fails to follow through. **What It Does** - **Failed 2-Up**: Identifies a bearish candle where the low and high are higher than the previous candle’s low and high, but the close is below the open, indicating a failed attempt to continue an uptrend. These are marked with a red candlestick, a red downward triangle above the bar, and a table entry. - **Failed 2-Down**: Identifies a bullish candle where the high and low are lower than the previous candle’s high and low, but the close is above the open, signaling a failed downtrend. These are marked with a green candlestick, a green upward triangle below the bar, and a table entry. - A table in the top-right corner displays the signal type ("Failed 2-Up" or "Failed 2-Down") and the ticker symbol for quick reference. - Alerts are provided for both patterns, making the indicator compatible with TradingView’s screener for automated scanning. **How It Works** The indicator analyzes each candlestick’s high, low, and close relative to the previous candle: - Failed 2-Up: `low > low `, `high > high `, `close < open`. - Failed 2-Down: `high < high `, `low < low `, `close > open`. When these conditions are met, the indicator applies visual markers (colored bars and triangles) and updates the signal table. Alert conditions trigger notifications for integration with TradingView’s alert system. **How to Use** 1. Apply the indicator to any chart (stocks, forex, crypto, etc.) on any timeframe (e.g., 1-minute, hourly, daily). 2. Monitor the chart for red (Failed 2-Up) or green (Failed 2-Down) candlesticks with corresponding triangles. 3. Check the top-right table for the latest signal and ticker. 4. Set alerts by selecting “Failed 2-Up Detected” or “Failed 2-Down Detected” in TradingView’s alert menu to receive notifications (e.g., via email or app). 5. Use the signals to identify potential reversal setups in conjunction with other Strat-based analysis, such as swing levels or time-based strategies. **Originality** Unlike other Strat indicators that may focus on swing levels or complex candlestick combinations, this scanner specifically targets Failed 2-Up and Failed 2-Down patterns with clear, minimalist visualizations (bars, triangles, table) and robust alert functionality. Its simplicity makes it accessible for both novice and experienced traders using The Strat methodology. **Ideal For** Day traders, swing traders, and scalpers looking to capitalize on reversal signals in trending or ranging markets. The indicator is versatile for any asset class and timeframe, enhancing trade decision-making with The Strat’s pattern-based approach.
Indicatore Pine Script®
di SmartGatorTrader
Advance Trading SystemThis Price Action + Volume based indicator combines Multi‑Timeframe swing structure, volume ranking, liquidity zones and auto long/short signal generation to create an “Advance Trading System” that displays OB (order block‑like) levels, dashboard and entry/exit labels on the chart. What this indicator does Looks at recent candles on different timeframes to determine if the trend is more “bullish” or “bearish” (considers it bullish if at least 2 out of 3 timeframes agree). Picks up the recent swing points where the price can reverse and plots green/red lines on them (called “Buy OB”/“Sell OB” here). Shows when volume has increased, whether the bar is an inside-bar or not, and a small dashboard in the top-right that shows the trend, reversal levels, volume and LTF/HTF signals. What are the buttons/settings Swing Strength: Based on how many bars the recent swing high/low will be confirmed; if the number increases, the signal will come late but with more confidence. Volume Avg Period: How many bars the volume should be averaged from; this checks “whether the volume is strong or not”. Show HH/HL/LH/LL Labels: Switch to show/hide swing labels by writing them on the chart. Show Dashboard: Small panel on/off in the top-right. Signal Mode: Auto, Long Only, Short Only or Both—that is, whether to follow the auto-trend or see only buy/sell. LTF/HTF: Choose lower and higher timeframes; also 15m/30m/1h/4h are scanned in the background to understand the recent direction. How to identify trends and swings Candle patterns: Simple rule—if the latest candle is biased (e.g. a strong bull/bear or a particularly long wick candle), then the signal for that TF is 1 (bull) or -1 (bear); otherwise 0. Three TFs: Lower, Mid (which is the chart TF), and Higher—the non-zero signal is considered the “last known direction”; then the number of the three is counted as bull/bear. Swing high/low: The most recent “solid” high/low on the chart is considered the highest/lowest within a few bars to the left or right; this indicates whether the new high is above (HH) or below (LH) the old one, and whether the new low is above (HL) or below (LL). What are the green/red lines If the trend is bullish (at least 2 out of 3 TFs are bullish), a green line is drawn near the previous confirmed low—here it is called Buy OB; the idea is that if the price comes near this zone, a bounce is expected. On a bearish trend, a red line is drawn near the previous confirmed high—Sell OB—which means if the price comes near that zone, a drop is expected. Volume colors and inside-bars color of each bar is determined by the volume ranking: orange/yellow for low volume, varying shades of blue for high volume; if an inside-bar is formed (both high/low inside the previous bar) the bar is darkened to draw attention. Simple estimation of liquidity zone When the recent swing high is formed, the total volume is looked at in the surrounding few bars (eg: 3-3 bars before/after) and the upper/lower edge is noted where the maximum concentration is - this is considered as the liquidity zone. The same is done for the high TF as well and the average of both is taken to form an MTF zone to get a big-picture picture. What the dashboard shows Trend (Multi‑TF): HL/HH indicates bullish trend, LH/LL indicates bearish trend; color green/red. Reversal Level: Level where the recent reversal was confirmed (high/low of the last confirmed swing). Volume vs Prev: Volume higher/lower/equal to the previous bar. Volume: Raw number, color green/red depending on whether Price is buy or sell. LTF/HTF: Last received signal as BUY/SELL. How entry/exit signals are formed Basic conditions: Mood bias: at least 2 TFs in the same direction. Volume strength: current volume is well above average and higher than the previous bar—i.e. there is real juice. Near zone: price is in a small band around the green/red line (e.g. within about -2% to +1% for Buy). Long Entry : all three conditions above are met on the previous close of the bar in the buy direction; Short Entry is the opposite. Exit rule is also placed on the previous bar of the opposite signal, so that everything is on a “confirmed close” and false shocks are minimized. Labels: once the signal is confirmed, the labels “LONG ENTRY”, “LONG EXIT”, “SHORT ENTRY”, “SHORT EXIT” are applied to the chart on the previous bar itself, with a small ATR-based gap for clear reading. How Auto/Manual modes work Auto (TF Based): The system will decide whether to look at Long Only, Short Only, or Both—depending on the Multi‑TF trend. Long Only/Short Only: Only signals from that side will be generated; Both will generate both. What to look for in the limits Swing confirmation takes time, as you have to wait for a few bars to the right—so the signal is more reliable with a slight delay. The term “OB” is used here for a simple level; this is not pro-level order-block detection (such as with FVG/break-off-structure), but it works well with this system. Volume ranking is simple; ties are possible at equal volume, which can reduce precision in color-coding. How to use First check the trend from the dashboard: focus on the buy zone if HL/HH, sell zone if LH/LL. Then check if there is a volume spike; without volume confirmation it is better to skip signals. When the price is right near the green/red line, only work with a confirmed signal on the previous close bar, avoid rushing in between. This can be made more robust if desired by adding true order‑block, FVG, and additional confirmations (such as RSI/MACD/Structure Break); but the base idea is to combine multi‑timeframe trend + swing levels + volume strength + zone close to produce simple, Tradeable and confirmed signals.
Indicatore Pine Script®
di cnagda3
STBBT 📘 STBBT (Simple Two Bar Break Through) Overview STBBT plots breakout signals whenever the current bar breaks above or below the previous bar’s high/low. It is a **simple and transparent breakout indicator**, designed to highlight every breakout event without complex filters. If both directions are broken in the same bar, both signals are shown. - "H" → Current bar’s high > Previous bar’s high - "L" → Current bar’s low < Previous bar’s low - Both can appear simultaneously on the same candle --- Key Features 1. **Clear Breakout Logic** • Detects when price moves beyond the previous candle’s range. • High and Low breakouts are handled separately. 2. **Confirmation Options** • Real-time mode: signals appear intrabar as soon as break occurs. • Close-confirmation mode: signals appear only after bar close beyond previous high/low (reduces repainting). 3. **Visualization** • "H" label above bars when high is broken. • "L" label below bars when low is broken. • Labels are gray with 60% transparency for a clean look. • Optional guide lines for previous bar’s high/low. 4. **Dual Signal Support** • If both high and low are broken in one bar, both H and L are displayed. 5. **Alerts** • Alerts are available for both High and Low breakouts. • Works in both real-time and close-confirmed modes. --- How to Use • Add STBBT to your TradingView chart. • Choose between real-time or close-confirmed signals. • Watch for H and L signals to identify momentum breakouts of the previous bar. • Combine with other filters (trend, volume, higher timeframe) for stronger confirmation. --- 👉 In short: **STBBT highlights simple, clean breakouts of the previous bar’s range.** It shows H for high breaks, L for low breaks, and both if a candle breaks in both directions.
Indicatore Pine Script®
di turtlekim
DYNAMIC TRADING DASHBOARDStudy Material for the "Dynamic Trading Dashboard" This Dynamic Trading Dashboard is designed as an educational tool within the TradingView environment. It compiles commonly used market indicators and analytical methods into one visual interface so that traders and learners can see relationships between indicators and price action. Understanding these indicators, step by step, can help traders develop discipline, improve technical analysis skills, and build strategies. Below is a detailed explanation of each module. ________________________________________ 1. Price and Daily Reference Points The dashboard displays the current price, along with percentage change compared to the day’s opening price. It also highlights whether the price is moving upward or downward using directional symbols. Alongside, it tracks daily high, low, open, and daily range. For traders, daily levels provide valuable reference points. The daily high and low are considered intraday support and resistance, while the median price of the day often acts as a pivot level for mean reversion traders. Monitoring these helps learners see how price oscillates within daily ranges. ________________________________________ 2. VWAP (Volume Weighted Average Price) VWAP is calculated as a cumulative average price weighted by volume. The dashboard compares the current price with VWAP, showing whether the market is trading above or below it. For traders, VWAP is often a guide for institutional order flow. Price trading above VWAP suggests bullish sentiment, while trading below VWAP indicates bearish sentiment. Learners can use VWAP as a training tool to recognize trend-following vs. mean reversion setups. ________________________________________ 3. Volume Analysis The system distinguishes between buy volume (when the closing price is higher than the open) and sell volume (when the closing price is lower than the open). A progress bar highlights the ratio of buying vs. selling activity in percentage. This is useful because volume confirms price action. For instance, if prices rise but sell volume dominates, it can signal weakness. New traders learning with this tool should focus on how volume often precedes price reversals and trends. ________________________________________ 4. RSI (Relative Strength Index) RSI is a momentum oscillator that measures price strength on a scale from 0 to 100. The dashboard classifies RSI readings into overbought (>70), oversold (<30), or neutral zones and adds visual progress bars. RSI helps learners understand momentum shifts. During training, one should notice how trending markets can keep RSI extended for longer periods (not immediate reversal signals), while range-bound markets react more sharply to RSI extremes. It is an excellent tool for practicing trend vs. range identification. ________________________________________ 5. MACD (Moving Average Convergence Divergence) The MACD indicator involves a fast EMA, slow EMA, and signal line, with focus on crossovers. The dashboard shows whether a “bullish cross” (MACD above signal line) or “bearish cross” (MACD below signal line) has occurred. MACD teaches traders to identify trend momentum shifts and divergence. During practice, traders can explore how MACD signals align with VWAP trends or RSI levels, which helps in building a structured multi-indicator analysis. ________________________________________ 6. Stochastic Oscillator This indicator compares the current close relative to a range of highs and lows over a period. Displayed values oscillate between 0 and 100, marking zones of overbought (>80) and oversold (<20). Stochastics are useful for students of trading to recognize short-term momentum changes. Unlike RSI, it reacts faster to price volatility, so false signals are common. Part of the training exercise can be to observe how stochastic “flips” can align with volume surges or daily range endpoints. ________________________________________ 7. Trend & Momentum Classification The dashboard adds simple labels for trend (uptrend, downtrend, neutral) based on RSI thresholds. Additionally, it provides quick momentum classification (“bullish hold”, “bearish hold”, or neutral). This is beneficial for beginners as it introduces structured thinking: differentiating long-term market bias (trend) from short-term directional momentum. By combining both, traders can practice filtering signals instead of trading randomly. ________________________________________ 8. Accumulation / Distribution Bias Based on RSI levels, the script generates simplified tags such as “Accumulate Long”, “Accumulate Short”, or “Wait”. This is purely an interpretive guide, helping learners think in terms of accumulation phases (when markets are low) and distribution phases (when markets are high). It reinforces the concept that trading is not only directional but also involves timing. ________________________________________ 9. Overall Market Status and Score Finally, the dashboard compiles multiple indicators (VWAP position, RSI, MACD, Stochastics, and price vs. median levels) into a Market Score expressed as a percentage. It also labels the market as Overbought, Oversold, or Normal. This scoring system isn’t a recommendation but a learning framework. Students can analyze how combining different indicators improves decision-making. The key training focus here is confluence: not depending on one indicator but observing when several conditions align. Extended Study Material with Formulas ________________________________________ 1. Daily Reference Levels (High, Low, Open, Median, Range) • Day High (H): Maximum price of the session. DayHigh=max⁡(Hightoday)DayHigh=max(Hightoday) • Day Low (L): Minimum price of the session. DayLow=min⁡(Lowtoday)DayLow=min(Lowtoday) • Day Open (O): Opening price of the session. DayOpen=OpentodayDayOpen=Opentoday • Day Range: Range=DayHigh−DayLowRange=DayHigh−DayLow • Median: Mid-point between high and low. Median=DayHigh+DayLow2Median=2DayHigh+DayLow These act as intraday guideposts for seeing how far the price has stretched from its key reference levels. ________________________________________ 2. VWAP (Volume Weighted Average Price) VWAP considers both price and volume for a weighted average: VWAPt=∑i=1t(Pricei×Volumei)∑i=1tVolumeiVWAPt=∑i=1tVolumei∑i=1t(Pricei×Volumei) Here, Price_i can be the average price (High + Low + Close) ÷ 3, also known as hlc3. • Interpretation: Price above VWAP = bullish bias; Price below = bearish bias. ________________________________________ 3. Volume Buy/Sell Analysis The dashboard splits total volume into buy volume and sell volume based on candle type. • Buy Volume: BuyVol=Volumeif Close > Open, else 0BuyVol=Volumeif Close > Open, else 0 • Sell Volume: SellVol=Volumeif Close < Open, else 0SellVol=Volumeif Close < Open, else 0 • Buy Ratio (%): VolumeRatio=BuyVolBuyVol+SellVol×100VolumeRatio=BuyVol+SellVolBuyVol×100 This helps traders gauge who is in control during a session—buyers or sellers. ________________________________________ 4. RSI (Relative Strength Index) RSI measures strength of momentum by comparing gains vs. losses. Step 1: Compute average gains (AG) and losses (AL). AG=Average of Upward Closes over N periodsAG=Average of Upward Closes over N periodsAL=Average of Downward Closes over N periodsAL=Average of Downward Closes over N periods Step 2: Calculate relative strength (RS). RS=AGALRS=ALAG Step 3: RSI formula. RSI=100−1001+RSRSI=100−1+RS100 • Used to detect overbought (>70), oversold (<30), or neutral momentum zones. ________________________________________ 5. MACD (Moving Average Convergence Divergence) • Fast EMA: EMAfast=EMA(Close,length=fast)EMAfast=EMA(Close,length=fast) • Slow EMA: EMAslow=EMA(Close,length=slow)EMAslow=EMA(Close,length=slow) • MACD Line: MACD=EMAfast−EMAslowMACD=EMAfast−EMAslow • Signal Line: Signal=EMA(MACD,length=signal)Signal=EMA(MACD,length=signal) • Histogram: Histogram=MACD−SignalHistogram=MACD−Signal Crossovers between MACD and Signal are used in studying bullish/bearish phases. ________________________________________ 6. Stochastic Oscillator Stochastic compares the current close against a range of highs and lows. %K=Close−LowestLowHighestHigh−LowestLow×100%K=HighestHigh−LowestLowClose−LowestLow×100 Where LowestLow and HighestHigh are the lowest and highest values over N periods. The %D line is a smooth version of %K (using a moving average). %D=SMA(%K,smooth)%D=SMA(%K,smooth) • Values above 80 = overbought; below 20 = oversold. ________________________________________ 7. Trend and Momentum Classification This dashboard generates simplified trend/momentum logic using RSI. • Trend: • RSI < 40 → Downtrend • RSI > 60 → Uptrend • In Between → Neutral • Momentum Bias: • RSI > 70 → Bullish Hold • RSI < 30 → Bearish Hold • Otherwise Neutral This is not predictive, only a classification framework for educational use. ________________________________________ 8. Accumulation/Distribution Bias Based on extreme RSI values: • RSI < 25 → Accumulate Long Bias • RSI > 80 → Accumulate Short Bias • Else → Wait/No Action This helps learners understand the idea of accumulation at lows (strength building) and distribution at highs (profit booking). ________________________________________ 9. Overall Market Status and Score The tool adds up 5 bullish conditions: 1. Price above VWAP 2. RSI > 50 3. MACD > Signal 4. Stochastic > 50 5. Price above Daily Median BullishScore=ConditionsMet5×100BullishScore=5ConditionsMet×100 Then it categorizes the market: • RSI > 70 or Stoch > 80 → Overbought • RSI < 30 or Stoch < 20 → Oversold • Else → Normal This encourages learners to think in terms of probabilistic conditions instead of single-indicator signals. ________________________________________ ⚠️ Warning: • Trading financial markets involves substantial risk. • You can lose more money than you invest. • Past performance of indicators does not guarantee future results. • This script must not be copied, resold, or republished without authorization from aiTrendview. By using this material or the code, you agree to take full responsibility for your trading decisions and acknowledge that this is not financial advice. ________________________________________ ⚠️ Disclaimer and Warning (From aiTrendview) This Dynamic Trading Dashboard is created strictly for educational and research purposes on the TradingView platform. It does not provide financial advice, buy/sell recommendations, or guaranteed returns. Any use of this tool in live trading is completely at the user’s own risk. Markets are inherently risky; losses can exceed initial investment. The intellectual property of this script and its methodology belongs to aiTrendview. Unauthorized reproduction, modification, or redistribution of this code is strictly prohibited. By using this study material or the script, you acknowledge personal responsibility for any trading outcomes. Always consult professional financial advisors before making investment decisions.
Indicatore Pine Script®
di aiTrendview-Charting-System
Transfer Function Filter [theUltimator5]The Transfer Function Filter is an engineering style approach to transform the price action on a chart into a frequency, then filter out unwanted signals using Butterworth-style filter approach. This indicator allows you to analyze market structure by isolating or removing different frequency components of price movement—similar to how engineers filter signals in control systems and electrical circuits. 🔎 Features Four Filter Types 1) Low Pass Filter – Smooths price data, highlighting long-term trends while filtering out short-term noise. This filter acts similar to an EMA, removing noisy signals, resulting in a smooth curve that follows the price of the stock relative to the filter cutoff settings. Real world application for low pass filter - Used in power supplies to provide a clean, stable power level. 2) High Pass Filter – Removes slow-moving trends to emphasize short-term volatility and rapid fluctuations. The high pass filter removes the "DC" level of the chart, removing the average price moves and only outputting volatility. Real world application for high pass filter - Used in audio equalizers to remove low-frequency noise (like rumble) while allowing higher frequencies to pass through, improving sound clarity. 3) Band Pass Filter – Allows signals to plot only within a band of bar ranges. This filter removes the low pass "DC" level and the high pass "high frequency noise spikes" and shows a signal that is effectively a smoothed volatility curve. This acts like a moving average for volatility. Real world application for band pass filter - Radio stations only allow certain frequency bands so you can change your radio channel by switching which frequency band your filter is set to. 4) Band Stop Filter – Suppresses specific frequency bands (cycles between two cutoffs). This filter allows through the base price moving average, but keeps the high frequency volatility spikes. It allows you to filter out specific time interval price action. Real world application for band stop filter - If there is prominent frequency signal in the area which can cause unnecessary noise in your system, a band stop filter can cancel out just that frequency so you get everything else Configurable Parameters • Cutoff Periods – Define the cycle lengths (in bars) to filter. This is a bit counter-intuitive with the numbering since the higher the bar count on the low-pass filter, the lower the frequency cutoff is. The opposite holds true for the high pass filter. • Filter Order – Adjust steepness and responsiveness (higher order = sharper filtering, but with more delay). • Overlay Option – Display Low Pass & Band Stop outputs directly on the price chart, or in a separate pane. This is enabled by default, plotting the filters that mimic moving averages directly onto the chart. • Source Selection – Apply filters to close, open, high, low, or custom sources. Histograms for Comparison • BS–LP Histogram – Shows distance between Band Stop and Low Pass filters. • BP–HP Histogram – Highlights differences between Band Pass and High Pass filters. Histograms give the visualization of a pseudo-MACD style indicator Visual & Informational Aids • Customizable colors for each filter line. • Optional zero-line for histogram reference. • On-chart info table summarizing active filters, cutoff settings, histograms, and filter order. 📊 Use Cases Trend Detection – Use the Low Pass filter to smooth noise and follow underlying market direction. Volatility & Cycle Analysis – Apply High Pass or Band Pass to capture shorter-term patterns. Noise Suppression – Deploy Band Stop to remove specific choppy frequencies. Momentum Insight – Watch the histograms to spot divergences and relative filter strength.
Indicatore Pine Script®
di TheUltimator5
Key Session Levels (KUUUMZ) 📜 Summary Tired of manually drawing the same key levels every single trading day? The KUUMZ-Key Session Levels indicator automates this entire process, plotting the most critical intraday and previous day levels directly on your chart. This tool provides a clean, dynamic framework of potential support and resistance zones, allowing you to focus on your trading strategy, not on chart setup. Built for day traders and scalpers of US equities, this indicator helps you instantly visualize the market's structure from the moment the session begins. 🎯 Key Levels Plotted This indicator automatically identifies and draws horizontal lines for the following session levels: Previous Day High (PDH) & Low (PDL): The highest and lowest points of the prior trading day, which often act as major psychological support and resistance magnets. Pre-Market High & Low (PMH/PML): The range established during the pre-market session (4:00 - 9:30 AM ET). A breakout from this range can often signal the initial directional bias. 5-Minute Opening Range High & Low (OR5): The high and low of the first 5 minutes of the regular session (9:30 - 9:35 AM ET). A crucial level for opening range breakout (ORB) strategies. 15-Minute Opening Range High & Low (OR15): The high and low of the first 15 minutes (9:30 - 9:45 AM ET), providing a slightly broader view of the initial balance area. 📈 How to Use This Indicator These levels are fundamental to many intraday trading strategies: Support & Resistance: Watch how price reacts as it approaches these levels. A bounce or rejection can signal a potential reversal, while a clean break can indicate continuation. Breakout Trading: A strong, high-volume move through one of these levels (e.g., breaking above the Pre-Market High) can be an entry signal for a breakout trade. Market Context: Quickly gauge market sentiment. Is the price trading above or below the previous day's range? Is it trapped within the opening range? These levels provide immediate context to the current price action. Setting Targets & Stops: Use these levels to set logical profit targets or place stop-loss orders. For example, if you go long on a breakout of the 5-min OR, the Pre-Market High or Previous Day High could be your first target. ⚙️ Features & Customization The script is designed to be flexible and clean, allowing you to tailor it to your specific charting style. Toggle Any Level: Enable or disable any set of levels (Previous Day, Pre-Market, etc.) to reduce clutter. Full Style Control: Customize the Color, Width, and Style (Solid, Dotted, Dashed) for each pair of high/low lines independently. Optional Labels: A master switch allows you to show or hide all price labels (like "PDH", "PM Low", etc.) with a single click. Automatic & Dynamic: Levels are calculated and drawn in real-time as each session concludes and are automatically cleared and reset for the next trading day.
Indicatore Pine Script®
di kuuumz
Smart MTF S/R Levels[BullByte] Smart MTF S/R Levels Introduction & Motivation Support and Resistance (S/R) levels are the backbone of technical analysis. However, most traders face two major challenges: Manual S/R Marking: Drawing S/R levels by hand is time-consuming, subjective, and often inconsistent. Multi-Timeframe Blind Spots: Key S/R levels from higher or lower timeframes are often missed, leading to surprise reversals or missed opportunities. Smart MTF S/R Levels was created to solve these problems. It is a fully automated, multi-timeframe, multi-method S/R detection and visualization tool, designed to give traders a complete, objective, and actionable view of the market’s most important price zones. What Makes This Indicator Unique? Multi-Timeframe Analysis: Simultaneously analyzes up to three user-selected timeframes, ensuring you never miss a critical S/R level from any timeframe. Multi-Method Confluence: Integrates several respected S/R detection methods—Swings, Pivots, Fibonacci, Order Blocks, and Volume Profile—into a single, unified system. Zone Clustering: Automatically merges nearby levels into “zones” to reduce clutter and highlight areas of true market consensus. Confluence Scoring: Each zone is scored by the number of methods and timeframes in agreement, helping you instantly spot the most significant S/R areas. Reaction Counting: Tracks how many times price has recently interacted with each zone, providing a real-world measure of its importance. Customizable Dashboard: A real-time, on-chart table summarizes all key S/R zones, their origins, confluence, and proximity to price. Smart Alerts: Get notified when price approaches high-confluence zones, so you never miss a critical trading opportunity. Why Should a Trader Use This? Objectivity: Removes subjectivity from S/R analysis by using algorithmic detection and clustering. Efficiency: Saves hours of manual charting and reduces analysis fatigue. Comprehensiveness: Ensures you are always aware of the most relevant S/R zones, regardless of your trading timeframe. Actionability: The dashboard and alerts make it easy to act on the most important levels, improving trade timing and risk management. Adaptability: Works for all asset classes (stocks, forex, crypto, futures) and all trading styles (scalping, swing, position). The Gap This Indicator Fills Most S/R indicators focus on a single method or timeframe, leading to incomplete analysis. Manual S/R marking is error-prone and inconsistent. This indicator fills the gap by: Automating S/R detection across multiple timeframes and methods Objectively scoring and ranking zones by confluence and reaction Presenting all this information in a clear, actionable dashboard How Does It Work? (Technical Logic) 1. Level Detection For each selected timeframe, the script detects S/R levels using: SW (Swing High/Low): Recent price pivots where reversals occurred. Pivot: Classic floor trader pivots (P, S1, R1). Fib (Fibonacci): Key retracement levels (0.236, 0.382, 0.5, 0.618, 0.786) over the last 50 bars. Bull OB / Bear OB: Institutional price zones based on bullish/bearish engulfing patterns. VWAP / POC: Volume Weighted Average Price and Point of Control over the last 50 bars. 2. Level Clustering Levels within a user-defined % distance are merged into a single “zone.” Each zone records which methods and timeframes contributed to it. 3. Confluence & Reaction Scoring Confluence: The number of unique methods/timeframes in agreement for a zone. Reactions: The number of times price has touched or reversed at the zone in the recent past (user-defined lookback). 4. Filtering & Sorting Only zones within a user-defined % of the current price are shown (to focus on actionable areas). Zones can be sorted by confluence, reaction count, or proximity to price. 5. Visualization Zones: Shaded boxes on the chart (green for support, red for resistance, blue for mixed). Lines: Mark the exact level of each zone. Labels: Show level, methods by timeframe (e.g., 15m (3 SW), 30m (1 VWAP)), and (if applicable) Fibonacci ratios. Dashboard Table: Lists all nearby zones with full details. 6. Alerts Optional alerts trigger when price approaches a zone with confluence above a user-set threshold. Inputs & Customization (Explained for All Users) Show Timeframe 1/2/3: Enable/disable analysis for each timeframe (e.g., 15m, 30m, 1h). Show Swings/Pivots/Fibonacci/Order Blocks/Volume Profile: Select which S/R methods to include. Show levels within X% of price: Only display zones near the current price (default: 3%). How many swing highs/lows to show: Number of recent swings to include (default: 3). Cluster levels within X%: Merge levels close together into a single zone (default: 0.25%). Show Top N Zones: Limit the number of zones displayed (default: 8). Bars to check for reactions: How far back to count price reactions (default: 100). Sort Zones By: Choose how to rank zones in the dashboard (Confluence, Reactions, Distance). Alert if Confluence >=: Set the minimum confluence score for alerts (default: 3). Zone Box Width/Line Length/Label Offset: Control the appearance of zones and labels. Dashboard Size/Location: Customize the dashboard table. How to Read the Output Shaded Boxes: Represent S/R zones. The color indicates type (green = support, red = resistance, blue = mixed). Lines: Mark the precise level of each zone. Labels: Show the level, methods by timeframe (e.g., 15m (3 SW), 30m (1 VWAP)), and (if applicable) Fibonacci ratios. Dashboard Table: Columns include: Level: Price of the zone Methods (by TF): Which S/R methods and how many, per timeframe (see abbreviation key below) Type: Support, Resistance, or Mixed Confl.: Confluence score (higher = more significant) React.: Number of recent price reactions Dist %: Distance from current price (in %) Abbreviations Used SW = Swing High/Low (recent price pivots where reversals occurred) Fib = Fibonacci Level (key retracement levels such as 0.236, 0.382, 0.5, 0.618, 0.786) VWAP = Volume Weighted Average Price (price level weighted by volume) POC = Point of Control (price level with the highest traded volume) Bull OB = Bullish Order Block (institutional support zone from bullish price action) Bear OB = Bearish Order Block (institutional resistance zone from bearish price action) Pivot = Pivot Point (classic floor trader pivots: P, S1, R1) These abbreviations appear in the dashboard and chart labels for clarity. Example: How to Read the Dashboard and Labels (from the chart above) Suppose you are trading BTCUSDT on a 15-minute chart. The dashboard at the top right shows several S/R zones, each with a breakdown of which timeframes and methods contributed to their detection: Resistance zone at 119257.11: The dashboard shows: 5m (1 SW), 15m (2 SW), 1h (3 SW) This means the level 119257.11 was identified as a resistance zone by one swing high (SW) on the 5-minute timeframe, two swing highs on the 15-minute timeframe, and three swing highs on the 1-hour timeframe. The confluence score is 6 (total number of method/timeframe hits), and there has been 1 recent price reaction at this level. This suggests 119257.11 is a strong resistance zone, confirmed by multiple swing highs across all selected timeframes. Mixed zone at 118767.97: The dashboard shows: 5m (2 SW), 15m (2 SW) This means the level 118767.97 was identified by two swing points on both the 5-minute and 15-minute timeframes. The confluence score is 4, and there have been 19 recent price reactions at this level, indicating it is a highly reactive zone. Support zone at 117411.35: The dashboard shows: 5m (2 SW), 1h (2 SW) This means the level 117411.35 was identified as a support zone by two swing lows on the 5-minute timeframe and two swing lows on the 1-hour timeframe. The confluence score is 4, and there have been 2 recent price reactions at this level. Mixed zone at 118291.45: The dashboard shows: 15m (1 SW, 1 VWAP), 5m (1 VWAP), 1h (1 VWAP) This means the level 118291.45 was identified by a swing and VWAP on the 15-minute timeframe, and by VWAP on both the 5-minute and 1-hour timeframes. The confluence score is 4, and there have been 12 recent price reactions at this level. Support zone at 117103.10: The dashboard shows: 15m (1 SW), 1h (1 SW) This means the level 117103.10 was identified by a single swing low on both the 15-minute and 1-hour timeframes. The confluence score is 2, and there have been no recent price reactions at this level. Resistance zone at 117899.33: The dashboard shows: 5m (1 SW) This means the level 117899.33 was identified by a single swing high on the 5-minute timeframe. The confluence score is 1, and there have been no recent price reactions at this level. How to use this: Zones with higher confluence (more methods and timeframes in agreement) and more recent reactions are generally more significant. For example, the resistance at 119257.11 is much stronger than the resistance at 117899.33, and the mixed zone at 118767.97 has shown the most recent price reactions, making it a key area to watch for potential reversals or breakouts. Tip: “SW” stands for Swing High/Low, and “VWAP” stands for Volume Weighted Average Price. The format 15m (2 SW) means two swing points were detected on the 15-minute timeframe. Best Practices & Recommendations Use with Other Tools: This indicator is most powerful when combined with your own price action analysis and risk management. Adjust Settings: Experiment with timeframes, clustering, and methods to suit your trading style and the asset’s volatility. Watch for High Confluence: Zones with higher confluence and more reactions are generally more significant. Limitations No Future Prediction: The indicator does not predict future price movement; it highlights areas where price is statistically more likely to react. Not a Standalone System: Should be used as part of a broader trading plan. Historical Data: Reaction counts are based on historical price action and may not always repeat. Disclaimer This indicator is a technical analysis tool and does not constitute financial advice or a recommendation to buy or sell any asset. Trading involves risk, and past performance is not indicative of future results. Always use proper risk management and consult a financial advisor if needed.
Indicatore Pine Script®
di BullByte
10
MTF Candles [Fadi x MMT]MTF Candles Overview The MTF Candles indicator is a powerful tool designed for traders who want to visualize higher timeframe (HTF) candles directly on their current chart. Built with flexibility and precision in mind, this Pine Script indicator displays up to six higher timeframe candles, complete with customizable styling, sweeps, midpoints, fair value gaps (FVGs), volume imbalances, and trace lines. It’s perfect for multi-timeframe analysis, helping traders identify key levels, market structure, and potential trading opportunities with ease. Key Features - Multi-Timeframe Candles : Display up to six higher timeframe candles (e.g., 5m, 15m, 30m, 4H, 1D, 1W) on your chart, with configurable timeframes and visibility. - Sweeps Detection : Identify liquidity sweeps (highs/lows) with customizable line styles, widths, and colors, plus optional alerts for confirmed bullish or bearish sweeps. - Midpoint Lines : Plot the midpoint (average of high and low) of the previous HTF candle, with customizable color, width, and style for enhanced market analysis. - Fair Value Gaps (FVGs) : Highlight gaps between non-adjacent candles, indicating potential areas of interest for price action. - Volume Imbalances : Detect and display volume imbalances between adjacent candles, aiding in spotting significant price levels. - Trace Lines : Connect HTF candle open, close, high, and low prices to their respective chart bars, with customizable styles and optional price labels. - Custom Daily Open Times : Support for custom daily candle open times (Midnight, 8:30, or 9:30) to align with specific market sessions. - Dynamic Labels : Show timeframe names, remaining time until the next HTF candle, and interval labels (e.g., day of the week for daily candles) with adjustable positions and sizes. - Highly Customizable : Fine-tune candle appearance, spacing, padding, and visual elements to suit your trading style. How It Works The indicator renders HTF candles as boxes (bodies) and lines (wicks) on the right side of the chart, with each timeframe offset for clarity. It dynamically updates candles in real-time, tracks their highs and lows, and displays sweeps and midpoints when conditions are met. FVGs and volume imbalances are calculated based on candle relationships, and trace lines link HTF candle levels to their originating bars on the chart. Sweep Logic - A bearish sweep occurs when the current candle’s high exceeds the previous candle’s high, but the close is below it. - A bullish sweep occurs when the current candle’s low falls below the previous candle’s low, but the close is above it. - Sweeps are visualized as horizontal lines and can trigger alerts when confirmed on the next candle. Midpoint Logic - A midpoint line is drawn at the average of the previous HTF candle’s high and low, extending until the next HTF candle forms. - Useful for identifying potential support/resistance or mean reversion levels. Imbalance Detection - FVGs : Identified when a candle’s low is above the next-but-one candle’s high (or vice versa), indicating a price gap. - Volume Imbalances : Detected between adjacent candles where the body of one candle doesn’t overlap with the next, signaling potential liquidity zones. Settings Timeframe Settings - HTF 1–6 : Enable/disable up to six higher timeframes (default: 5m, 15m, 30m, 4H, 1D, 1W) and set the maximum number of candles to display per timeframe (default: 4). - Limit to Next HTFs : Restrict the number of active timeframes (1–6). Styling - Body, Border, Wick Colors : Customize bull and bear candle colors (default: light gray for bulls, dark gray for bears). - Candle Width : Adjust the width of HTF candles (1–4). - Padding and Spacing : Set the offset from the current price action and spacing between candles and timeframes. Label Settings - HTF Label : Show/hide timeframe labels (e.g., "15m", "4H") at the top/bottom of candle sets. - Remaining Time : Display the countdown to the next HTF candle. Interval Value: Show day of the week for daily candles or time for intraday candles. - Label Position/Alignment : Choose to display labels at the top, bottom, or both, and align them with the highest/lowest candles or follow individual candle sets. Imbalance Settings - Fair Value Gap : Enable/disable FVGs with customizable color (default: semi-transparent gray). - Volume Imbalance : Enable/disable volume imbalances with customizable color (default: semi-transparent red). Trace Settings - Trace Lines : Enable/disable lines connecting HTF candle levels to their chart bars, with customizable colors, styles (solid, dashed, dotted), and sizes. - Price Labels : Show price levels for open, close, high, and low trace lines. - Anchor : Choose whether trace lines anchor to the first or last enabled timeframe. Sweep Settings - Show Sweeps : Enable/disable sweep detection and visualization. - Sweep Line : Customize color, width, and style (solid, dashed, dotted). - Sweep Alert : Enable alerts for confirmed sweeps. Midpoint Settings - Show Midpoint : Enable/disable midpoint lines. - Midpoint Line : Customize color (default: orange), width, and style (solid, dashed, dotted). Custom Daily Open Custom Daily Candle Open : Choose between Midnight, 8:30, or 9:30 (America/New_York) for daily candle opens. Usage - Add the indicator to your TradingView chart. - Configure the desired higher timeframes (HTF 1–6) and enable/disable features via the settings panel. - Adjust styling, labels, and spacing to match your chart preferences. Use sweeps, midpoints, FVGs, and volume imbalances to identify key levels for trading decisions. - Enable sweep alerts to receive notifications for confirmed liquidity sweeps. Notes Performance: The indicator is optimized for up to 500 boxes, lines, and labels, with a maximum of 5000 bars back. Can be slow at a time Time Zone: Custom daily opens use the America/New_York time zone for consistency with major financial markets. Compatibility: Ensure selected HTFs are valid (higher than the chart’s timeframe and divisible by it for intraday periods).
Indicatore Pine Script®
di isthattyler
46
Gabriel's Andean Oscillator📈 Gabriel's Andean Oscillator — Enhanced Trend-Momentum Hybrid Gabriel's Andean Oscillator is a sophisticated trend-momentum indicator inspired by Alex Grover’s original Andean Oscillator concept. This enhanced version integrates multiple envelope types, smoothing options, and the ability to track volatility from both open/close and high/low dynamics—making it more responsive, adaptable, and visually intuitive. 🔍 What It Does This oscillator measures bullish and bearish "energy" by calculating variance envelopes around price. Instead of traditional momentum formulas, it builds two exponential variance envelopes—one capturing the downside (bullish potential) and the other capturing the upside (bearish pressure). The result is a smoothed oscillator that reflects internal market tension and potential breakouts. ⚙️ Key Features 📐 Envelope Types: Choose between: "Regular" – Uses single EMA-based smoothing on open/close variance. Ideal for shorter timeframes. "Double Smoothed" – Adds an extra layer of smoothing for noise reduction. Ideal for longer timeframes. 📊 Bullish & Bearish Components: Bull = Measures potential upside using price lows (or open/close). Bear = Measures downside pressure using highs (or open/close). These can optionally be derived from high/low or open/close for flexible interpretation. 📏 Signal Line: A customizable EMA of the dominant component to confirm momentum direction. 📉 Break Zone Area Plot: An optional filled area showing when bull > bear or vice versa, useful for detecting expansion/contraction phases. 🟢 High/Low Overlay Option (Use Highs and Lows?): Visualize secondary components derived from high/low prices to compare against the open/close dynamics and highlight volatility asymmetry. 🧠 How to Use It Trend Confirmation: When bull > bear and rising above signal → bullish bias. When bear > bull and rising above signal → bearish bias. Breakout Potential: Watch the Break area plot (√(bull - bear)) for rapid expansion, signaling volatility bursts or directional moves. High/Low Envelope Divergence: Enabling the high/low comparison reveals hidden strength or weakness not visible in open/close alone. 🛠 Customizable Inputs Envelope Type: Regular vs. Double Smoothed EMA Envelope Lengths: For both regular and smoothed logic Signal Length: Controls EMA smoothing for the signal Use Highs and Lows?: Toggles second set of envelopes; the original doesn't include highs and lows. Plot Breaks: Enables the filled “break” zone area, the squared difference between Open and Close. 🧪 Based On: Andean Oscillator - Alpaca Markets Licensed under CC BY-NC-SA 4.0 Developed by Gabriel, based on the work of Alex Grover
Indicatore Pine Script®
di GabrielAmadeusLau
AP Session Liquidity with EQH/EQL and Previous DayThis indicator plots key intraday session highs and lows, along with essential market structure levels, to help traders identify areas of interest, potential liquidity zones, and high-probability trade setups. It includes the Asia Session High and Low (typically 00:00–08:00 UTC), London Session High and Low (08:00–12:00 UTC), New York AM Session High and Low (12:00–15:00 UTC), and New York Lunch High and Low (15:00–17:00 UTC). Additionally, it displays the Previous Day’s High and Low for context on recent price action, as well as automatically detected Equal Highs and Lows based on configurable proximity settings to highlight potential liquidity pools or engineered price levels. These session levels are widely used by institutional traders and are critical for analyzing market behavior during time-based volatility windows. Traders can use this indicator to anticipate breakouts, fakeouts, and reversals around session boundaries—such as liquidity grabs at Asia highs/lows before the London or New York sessions—or to identify key consolidation and expansion zones. Equal Highs and Lows serve as magnets for price, offering insight into potential stop hunts or inducement zones. This tool is ideal for day traders, scalpers, and smart money concept practitioners, and includes full customization for session timings, color schemes, line styles, and alert conditions. Whether you're trading price action, ICT concepts, or supply and demand, this indicator provides a powerful framework for intraday analysis.
Indicatore Pine Script®
di APTRADEZ
2
Key Recent Highs and LowsKey Recent Highs & Lows — Session‐Aware Market Structure TL;DR This tool plots the most important intraday price extremes for every U.S.‑equity trading segment—Early Premarket • Western Premarket • Regular Hours • Post‑Market Hours • Yesterday’s Range—and labels them so you can trade break‑outs, retests and mean‑reversion with instant context. 📐 Theory & Why These Levels Matter Liquidity Pools Visible session extremes attract resting orders (stop‑losses, take‑profits, opening prints). Price often accelerates into them and reacts at them. Market Memory The previous day’s high/low is a widely‑watched pivot for gap fills, overnight inventory corrections and multi‑day breakouts. Mean‑Reversion Windows Statistically, pre‑ and post‑market ranges are thin; an aggressive spike outside those bands often retraces when full liquidity returns. Break‑Out Confirmation A true breakout isn’t just a tick above RTH‑high—it usually closes or at least consolidates above the prior extreme. Seeing all bands lets you gauge whether a push is “real” or just probing thinner sessions. Put simply, these levels help you decide: Break‑out ➜ trade in the direction of expansion past a session extreme with follow‑through. Fade/Mean‑Revert ➜ fade a spike that tags an extreme without commitment (e.g., hits Western‑Premkt‑High then stalls before RTH). 🔍 What the Script Draws Session (UTC‑4 EST) Default Color / Style Typical Use‑Case Early Premarket 4 – 7 AM Thick semi‑transparent orange line detect overnight retail spikes / fade plays Western Premarket 7 – 9 : 30 AM Dashed orange‑red breakout watch as U.S. brokers open Regular Session (RTH) 9 : 30 – 16 : 00 Bold teal dotted line core intraday structure; classic highs/lows Post‑Market 16 – 23 : 59 Soft indigo band after‑hours news moves, earnings fades Previous‑Day RTH Solid teal gap‑fill targets, trend continuation filters (All colors, thicknesses and transparencies are editable in the settings.) ✨ Features Real‑Time Updates Levels refresh tick‑by‑tick inside their own session—no repainting later. One‑Click Visibility Toggles Show or hide any session extreme independently. Clean Auto‑Labels Optional right‑edge tags (“RTH High”, “Premkt Low”, etc.) keep your chart readable even when lines overlap. Automatic Daily Reset At midnight Eastern, buffers clear and yesterday’s extremes roll into the “Prev‑Day” pair. Zero‑Noise Design Transparencies and line styles are tuned so you can overlay on any symbol / timeframe without drowning candles. 📈 How to Trade with It Intraday Breakout Strategy Mark confluence (e.g., price pushes through Western Premkt High and Yesterday’s High). Wait for a pullback that holds above the reclaimed band. Enter with stop under that session line; target next band or measured‑move. Fade / Mean‑Reversion Pre‑market headline sends price 5 % above Early Premkt High. Volume dries up before RTH open. Short into exhaustion; cover near Western Premkt High or VWAP. Gap‑Fill & Trend Days Cash open gaps above Prev‑Day High. If first 15‑min candle closes back inside yesterday’s range, bias shifts to downside fade. If it holds above, treat gap as breakout and track RTH High extensions. Pair it with volume‑profile, VWAP, or momentum oscillators for even higher‑confidence setups. ⚙️ Settings Cheat‑Sheet Setting Effect Show Regular / Premarket / Post‑market High/Low Master visibility per session Show Previous Day High/Low Toggle yesterday’s anchor range Show Session Labels Turn the right‑edge tags on/off Style Panel Change each line’s color, width, transparency, dash/dot 🛠️ Best Practices Works on any intraday timeframe (1‑min to 1‑hour). Crypto or 24 h markets: adjust session times to match your exchange. Combine with alerts (e.g., “price crossing RTH High”) for hands‑free monitoring. Put KRHL on your chart and you’ll never wonder which high matters most again—because they’re all right there, clearly labeled and color‑coded. Trade breakouts or fades with confidence, armed with the exact market structure everyone else is watching.
Indicatore Pine Script®
di garysebastianbrowniii
Intraday Pivot Highs & Lows (Asia London NY)Intraday Pivot Highs & Lows (Asia London NY) Script Description This TradingView indicator is optimized for Forex, scalping, intraday, and day trading strategies. It accurately plots Pivot Points and levels, high/low, support and resistance levels. These are clearly identified to aid the trader during killzone sessions and session opens. Ideal for scalp trading, intraday sessions, and leveraging SMT (Smart Money Techniques). Utilize these Price Levels effectively during London Open, NY Open, and the Asia Session, utilizing Market Structure to pinpoint key levels and reversal zones for successful trading. Improve your Trade Setups, recognize reliable Chart Patterns, identify critical Price Pivots, and trade confidently off Institutional Levels. This script marks the intraday pivot highs, lows and midpoints retracement levels for Asia London New York It also plots the previous day's high, low, midpoint, and 0.618 Fibonacci retracement levels, providing traders with critical price reference points for making intraday trading decisions. Originality & Usefulness This indicator uniquely integrates pivot calculations across three major Forex sessions (Asia, London, NY), clearly delineating session boundaries. It enhances visibility by using distinct styling solid for New York dashed for London dotted lines for Asia And colour co-ordinated labeling, improving traders' ability to identify important intraday price action zones efficiently. Unlike standard pivot indicators, this script emphasizes session-specific trading dynamics. ### Key Features ### Session-Based Levels: Automatically plots high, low, midpoint, and Fibonacci (.618) levels for each major session (Asia, London, NY). Distinct Visual Cues: Lines and labels use session-specific styles and colors to easily differentiate between sessions. Previous Day Reference: Clearly plots and labels yesterday's high, low, midpoint, and Fibonacci levels. Flexible Visibility: Traders can set timeframe visibility to maintain clean charts on higher timeframes. ### How It Works At the start of next day's session, previous session lines are cleared, ensuring the chart remains uncluttered. High, low, midpoint, and Fibonacci retracement levels (.618) are dynamically calculated and displayed at the close of each session. All session levels remain visible until the start of the next respective session, providing continuous actionable insights. Trading Application: Session highs and lows act as strong intraday support and resistance zones. Midpoints and Fibonacci levels are effective for identifying potential reversal zones and retracements. Daily levels provide a broader context, useful for gauging intraday volatility and range. ### Limitations and Considerations ## Best used on liquid assets with clear session-based price action, such as Forex major pairs, if used on indexes make sure they contain 24 hour price action not just New York session. This indicator is designed to streamline intraday trading by clearly marking essential pivot points and session-based levels, significantly improving traders' market context and decision-making accuracy. Can be used to enhance SMT decision making when scalping killzones.
Indicatore Pine Script®
di Volfgang
ICT Macro Zone Boxes w/ Individual H/L Tracking v3.1ICT Macro Zones (Grey Box Version This indicator dynamically highlights key intraday time-based macro sessions using a clean, minimalistic grey box overlay, helping traders align with institutional trading cycles. Inspired by ICT (Inner Circle Trader) concepts, it tracks real-time highs and lows for each session and optionally extends the zone box after the session ends — making it a precision tool for intraday setups, order flow analysis, and macro-level liquidity sweeps. ### 🔍 **What It Does** - Plots **six predefined macro sessions** used in Smart Money Concepts: - AM Macro (09:50–10:10) - London Close (10:50–11:10) - Lunch Macro (11:30–13:30) - PM Macro (14:50–15:10) - London SB (03:00–04:00) - PM SB (15:00–16:00) - Each zone: - **Tracks high and low dynamically** throughout the session. - **Draws a consistent grey shaded box** to visualize price boundaries. - **Displays a label** at the first bar of the session (optional). - **Optionally extends** the box to the right after the session closes. ### 🧠 **How It Works** - Uses Pine Script arrays to define each session’s time window, label, and color. - Detects session entry using `time()` within a New York timezone context. - High/Low values are updated per bar inside the session window. - Once a session ends, the box is optionally closed and fixed in place. - All visual zones use a standardized grey tone for clarity and consistency across charts. ### 🛠️ **Settings** - **Shade Zone High→Low:** Enable/disable the grey macro box. - **Extend Box After Session:** Keep the zone visible after it ends. - **Show Entry Label:** Display a label at the start of each session. ### 🎯 **Why This Script is Unique** Unlike basic session markers or colored backgrounds, this tool: - Focuses on **macro moments of liquidity and reversal**, not just open/close times. - Uses **per-session logic** to individually track price behavior inside key time windows. - Supports **real-time high/low tracking and clean zone drawing**, ideal for Smart Money and ICT-style strategies. Perfect — based on your list, here's a **bundle-style description** that not only explains the function of each script but also shows how they **work together** in a Smart Money/ICT workflow. This kind of cross-script explanation is exactly what TradingView wants to see to justify closed-source mashups or interdependent tools. --- 📚 ICT SMC Toolkit — Script Integration Guide This set of advanced Smart Money Concept (SMC) tools is designed for traders who follow ICT-based methodologies, combining liquidity theory, time-based precision, and engineered confluences for high-probability trades. Each indicator is optimized to work both independently and synergistically, forming a comprehensive trading framework. --- First FVG Custom Time Range **Purpose:** Plots the **first Fair Value Gap (FVG)** that appears within a defined session (e.g., NY Kill Zone, Custom range). Includes optional retest alerts. **Best Used With:** - Use with **ICT Macro Zones (Grey Box Version)** to isolate FVGs during high-probability times like AM Macro or PM SB. - Combine with **Liquidity Levels** to assess whether FVGs form near swing points or liquidity voids. --- ICT SMC Liquidity Grabs and OB s **Purpose:** Detects **liquidity grabs** (stop hunts above/below swing highs/lows) and **bullish/bearish order blocks**. Includes optional Fibonacci OTE levels for sniper entries. **Best Used With:** - Use with **ICT Turtle Soup (Reversal)** for confirmation after a liquidity grab. - Combine with **Macro Zones** to catch order blocks forming inside timed macro windows. - Match with **Smart Swing Levels** to confirm structure breaks before entry. ICT SMC Liquidity Levels (Smart Swing Lows) **Purpose:** Automatically marks swing highs/lows based on user-defined lookbacks. Tracks whether those levels have been breached or respected. **Best Used With:** - Combine with **Turtle Soup** to detect if a swing level was swept, then reversed. - Use with **Liquidity Grabs** to confirm a grab occurred at a meaningful structural point. - Align with **Macro Zones** to understand when liquidity events occur within macro session timing. ICT Turtle Soup (Liquidity Reversal) **Purpose:** Implements the classic ICT Turtle Soup model. Looks for swing failure and quick reversals after a liquidity sweep — ideal for catching traps. Best Used With: - Confirm with **Liquidity Grabs + OBs** to identify institutional activity at the reversal point. - Use **Liquidity Levels** to ensure the reversal is happening at valid previous swing highs/lows. - Amplify probability when pattern appears during **Macro Zones** or near the **First FVG**. ICT Turtle Soup Ultimate V2 **Purpose:** An enhanced, multi-layer version of the Turtle Soup setup that includes built-in liquidity checks, OTE levels, structure validation, and customizable visual output. **Best Used With:** - Use as an **entry signal generator** when other indicators (e.g., OBs, liquidity grabs) are aligned. - Pair with **Macro Zones** for high-precision timing. - Combine with **First FVG** to anticipate price rebalancing before explosive moves. --- ## 🧠 Workflow Example: 1. **Start with Macro Zones** to focus only on institutional trading windows. 2. Look for **Liquidity Grabs or Swing Sweeps** around key highs/lows. 3. Check for a **Turtle Soup Reversal** or **Order Block Reaction** near that level. 4. Confirm confluence with a **Fair Value Gap**. 5. Execute using the **OTE level** from the Liquidity Grabs + OB script. --- Let me know which script you want to publish first — I’ll tailor its **individual TradingView description** and flag its ideal **“Best Used With” partners** to help users see the value in your ecosystem.
Indicatore Pine Script®
di MrWoof888
PowerHouse SwiftEdge AI v2.10 with Custom Filters & AI AnalysisPowerHouse SwiftEdge AI v2.10 with Custom Filters & AI Analysis Overview PowerHouse SwiftEdge AI v2.10 is an advanced TradingView Pine Script indicator designed to identify high-probability trading setups by combining pivot-based structure analysis, multi-timeframe trend detection, and adaptive AI-driven signal filtering. The script integrates Change of Character (CHoCH) and Break of Structure (BOS) signals with customizable momentum, volume, breakout, and trend filters to enhance trade precision. Additionally, it offers an optional AI Market Analysis module that predicts future price trends across multiple timeframes, providing traders with a comprehensive market outlook. The script is highly customizable, allowing users to tailor inputs to their trading style, whether for scalping, swing trading, or long-term strategies. It is suitable for all asset classes, including stocks, forex, crypto, and commodities, and performs optimally on timeframes ranging from 1-minute to daily charts. Key Features Pivot-Based Signal Generation: Identifies pivot highs and lows to detect CHoCH (reversal patterns) and BOS (continuation patterns). Signals are plotted as "Buy" or "Sell" labels with optional "Get Ready" pre-signals to prepare traders for potential setups. Take-profit (TP) levels are automatically calculated based on user-defined points, with optional TP box visualization. Multi-Timeframe Trend Analysis: Analyzes trends across seven timeframes (1M, 5M, 15M, 30M, 1H, 4H, D) using EMA and VWAP to determine bullish, bearish, or neutral conditions. Displays a futuristic AI-Trend Matrix dashboard showing trend direction, strength, and confidence levels for quick decision-making. Customizable Signal Filters: Momentum Filter: Ensures signals align with significant price changes, adjusted dynamically using ATR-based volatility. Higher Timeframe Trend Filter: Requires signals to align with the trend of a user-selected higher timeframe (e.g., 1H). Lower Timeframe Trend Filter: Prevents signals that conflict with the trend of a user-selected lower timeframe (e.g., 5M). Volume Filter: Optionally requires above-average volume to confirm signals. Breakout Filter: Optionally requires price to break previous highs/lows for signal validation. Repeated Signal Restriction: Prevents consecutive signals in the same trend direction until the trend changes on a user-defined timeframe. AI-Driven Adaptivity: Incorporates Cumulative Volume Delta (CVD) to assess buying/selling pressure and classify market volatility (Low, Medium, High). Uses ATR to dynamically adjust momentum thresholds, ensuring signals adapt to current market conditions. Optional AI Market Analysis module predicts trends across multiple timeframes by combining trend, momentum, and volatility scores. Visual Elements: Plots CHoCH and BOS levels as horizontal lines with distinct colors (aqua for CHoCH sell, lime for CHoCH buy, fuchsia for BOS sell, teal for BOS buy). Draws dynamic support and resistance trendlines based on short and long-term price action, colored by trend strength. Displays TP levels and pivot highs/lows for easy reference. How It Works The script combines several technical analysis concepts to create a robust trading system: Market Structure Analysis: Pivot highs and lows are identified using a user-defined lookback period (Pivot Length). CHoCH occurs when price crosses below a pivot high (bearish reversal) or above a pivot low (bullish reversal). BOS occurs when price breaks a previous pivot low (bearish continuation) or pivot high (bullish continuation). Trend and Momentum Integration: Trends are determined by comparing price to EMA and VWAP on multiple timeframes. Momentum is calculated as the percentage price change, with thresholds adjusted by ATR to account for volatility. "Get Ready" signals appear when momentum approaches the threshold, preparing traders for potential CHoCH or BOS signals. Signal Filtering: Filters ensure signals align with user-defined criteria (e.g., trend direction, volume, breakouts). The Restrict Repeated Signals option prevents over-signaling by requiring a trend change on a specified timeframe before generating a new signal in the same direction. AI Market Analysis: The optional AI module calculates a score for each timeframe based on trend direction, momentum, and volatility (ATR compared to its SMA). Scores are translated into predictions (▲ for bullish, ▼ for bearish, — for neutral), displayed in a dedicated table. CVD and Volatility Context: CVD tracks buying vs. selling pressure by accumulating volume based on price direction. Volatility is classified using CVD magnitude, influencing the script’s visual cues and signal sensitivity. Why This Combination? The integration of pivot-based structure analysis, multi-timeframe trend filtering, and AI-driven adaptivity addresses common trading challenges: Precision: CHoCH and BOS signals focus on key market turning points, reducing noise from minor price fluctuations. Context: Multi-timeframe analysis ensures trades align with broader market trends, improving win rates. Adaptivity: ATR and CVD adjustments make the script responsive to changing market conditions, avoiding static thresholds that fail in volatile or quiet markets. Customization: Extensive input options allow traders to adapt the script to their preferred markets, timeframes, and risk profiles. Predictive Insight: The AI Market Analysis module provides forward-looking trend predictions, helping traders anticipate market moves. This combination creates a self-contained system that balances responsiveness with reliability, making it suitable for both novice and experienced traders. How to Use Add to Chart: Apply the indicator to your TradingView chart for any asset and timeframe. Recommended timeframes: 5M to 1H for scalping/day trading, 4H to D for swing trading. Configure Inputs: Pivot Length: Adjust (default 5) to control sensitivity to pivot highs/lows. Lower values for faster signals, higher for stronger confirmations. Momentum Threshold: Set the minimum price change (default 0.01%) for signals. Increase for stricter conditions. Take Profit Points: Define TP distance (default 10 points). Adjust based on asset volatility. Signal Filters: Enable/disable filters (momentum, trend, volume, breakout) to match your strategy. Higher/Lower Timeframe: Select timeframes for trend alignment (e.g., 1H for higher, 5M for lower). AI Market Analysis: Enable for predictive trend insights across timeframes. Get Ready Signals: Enable to see pre-signals for potential setups. Interpret Signals: Buy/Sell Labels: Act on green "Buy" or red "Sell" labels, confirming with TP levels and trend direction. Get Ready Labels: Yellow "Get Ready BUY" or orange "Get Ready SELL" indicate potential setups; prepare but wait for confirmation. CHoCH/BOS Lines: Use aqua/lime (CHoCH) and fuchsia/teal (BOS) lines as key support/resistance levels. AI-Trend Matrix: Check the top-right dashboard for trend strength (%), confidence (%), and timeframe-specific trends. AI Market Analysis Table: If enabled, view predictions (▲/▼/—) for each timeframe to anticipate market direction. Trading Tips: Combine signals with other indicators (e.g., RSI, MACD) for additional confirmation. Use higher timeframe trend alignment for higher-probability trades. Adjust TP and signal distance based on asset volatility and trading style. Monitor the AI-Trend Matrix for trend strength; values above 50% or below -50% indicate strong directional bias. Originality PowerHouse SwiftEdge AI v2.10 stands out due to its unique blend of: Adaptive Signal Generation: ATR-based momentum thresholds and CVD-driven volatility context ensure signals remain relevant across market conditions. Multi-Timeframe Synergy: The script’s ability to filter signals based on both higher and lower timeframe trends provides a rare balance of precision and context. AI-Powered Insights: The AI Market Analysis module offers predictive capabilities not commonly found in traditional indicators, simulating institutional-grade analysis. Visual Clarity: The futuristic dashboard and color-coded trendlines make complex data accessible, enhancing usability for all trader levels. Unlike standalone pivot or trend indicators, this script integrates multiple layers of analysis into a cohesive system, reducing false signals and providing actionable insights without requiring external tools or research. Limitations False Signals: No indicator is foolproof; signals may fail in choppy or low-volume markets. Use filters to mitigate. Timeframe Sensitivity: Performance varies by timeframe and asset. Test settings thoroughly. AI Predictions: The AI Market Analysis is based on historical data and simplified scoring; it’s not a guaranteed forecast. Resource Usage: Enabling all filters and AI analysis may slow performance on lower-end devices.
Indicatore Pine Script®
di SwiftEdge
17
Enhanced VSA Volume & Candle Colors with MA SelectionOverview: This script aims to enhance the visualization of volume spikes and price action by coloring volume bars and price candles dynamically based on the volume behavior. It allows traders to customize the type of volume moving average (SMA, EMA, or VWMA) used and apply various color schemes to highlight high, low, and extreme volume conditions. Additionally, alerts are generated when extreme or low-volume conditions occur. --------------------------------------------------------------------------------------------------------------------- Key Features: Customizable Volume Lookback Period: The script allows users to define the period for calculating the moving average of volume (default: 200). Volume Multiplier Settings: High and low volume thresholds are defined using multipliers. Users can adjust these to customize how volume is categorized (default multipliers: 1.5 for high volume, 0.5 for low volume). Percentile-Based Extreme Volume Detection: The script calculates a percentile threshold for extreme volume (default: 90th percentile) based on the volume data, highlighting exceptionally high volume spikes. Moving Average Selection: Users can choose between Simple Moving Average (SMA), Exponential Moving Average (EMA), or Volume Weighted Moving Average (VWMA) to track volume trends over the selected lookback period. Volume-Based Price Bar Coloring: Price bars can be colored according to the volume conditions (high, low, or extreme). This feature can be toggled on or off. Dynamic Transparency and Color Customization: The script allows users to set custom colors for different volume conditions (high, low, neutral, extreme) and adjusts the transparency of volume bars based on the relative size of the volume. Alerts: Alerts can be set for when extreme volume spikes or low volume conditions are detected. --------------------------------------------------------------------------------------------------------------------- Script Components: Volume Histogram Plot: Displays the volume bars with dynamic coloring based on the volume condition (high, low, or extreme). The color of the bars adjusts for clarity, with transparency based on volume levels. Moving Average Plot: Plots the selected volume moving average (SMA, EMA, or VWMA) to visualize the trend of volume over the chosen lookback period. Smoothed Average Volume (EMA of Volume): A smoothed EMA line is plotted to provide a clear representation of volume trends over time. Price Bar Coloring: If enabled, price bars are colored according to the current volume condition, providing immediate visual feedback to the trader. --------------------------------------------------------------------------------------------------------------------- How It Can Be Used: Volume Analysis for Entry/Exit Points: Traders can use the volume conditions (high, low, and extreme) to identify potential entry or exit points. High-volume bars often signal strong market activity, while low-volume bars may indicate consolidation or indecision. Volume Confirmation for Trend Reversal: Extreme volume spikes can sometimes precede significant price movements. Traders can monitor these spikes for potential trend reversal signals. Customizing Alerts: Alerts based on volume conditions help traders stay updated on important volume events without constantly monitoring the chart. Color-Coded Price Action: The dynamic coloring of price bars makes it easier to identify periods of strong or weak market participation, allowing traders to make informed decisions quickly. --------------------------------------------------------------------------------------------------------------------- Compliance with TradingView's House Rules: No Promotion of Financial Products: The script does not promote any specific financial instruments or products, ensuring compliance with TradingView’s content guidelines. Clear Functionality: The script provides clear, functional analysis tools without making unsupported claims about predicting market movements. No Automated Trading: The script does not include any automated trading or order execution features, which complies with TradingView’s policy on non-automated scripts. This breakdown ensures clarity on the script’s purpose, features, and how it might be used by traders. It's written in a way that fits TradingView's content guidelines, keeping the focus on providing valuable analytical tools rather than making promises or promoting any financial product.
Indicatore Pine Script®
di ViZiV
VWAP Horizon Suite Optimized - CoffeeKillerVWAP Horizon Suite Optimized - User Guide Overview The VWAP Horizon Suite Optimized is a comprehensive technical analysis tool for TradingView designed to enhance your trading strategy with Volume Weighted Average Price (VWAP) analysis, standard deviation bands, and customizable Exponential Moving Averages (EMAs). This indicator provides a robust framework for identifying potential support and resistance levels, price momentum, and market trends. Key Features - **Daily VWAP with Session Reset**: Automatically resets at 17:00 (5:00 PM) each day - **Customizable Standard Deviation/Percentage Bands**: Up to 3 bands above and below VWAP - **High/Low Point Detection**: Visual markers for significant price levels - **Multiple Customizable EMAs**: 8 different EMAs that can be individually toggled and styled - **Visual Customization**: Adjustable colors, fills, and styles for all elements VWAP Settings - **Source**: Determines the price data used to calculate VWAP (default: HLC3 - High, Low, Close average) Bands Settings - **Bands Calculation Mode**: Choose between "Standard Deviation" or "Percentage" methods - **Show Band #1, #2, #3**: Toggle visibility for each band - **Band Multiplier #1, #2, #3**: Adjust the distance from VWAP (in standard deviations or percentage) - **Show Fills**: Enable colored fills between bands for better visualization Visualization Settings - **Show High/Low Markers**: Display diamond markers for local high and low points relative to VWAP, these reset based on the price crossing the VWAP Line. EMA Settings The indicator provides 8 customizable EMAs (8, 13, 21, 26, 48, 50, 100, and 200) with individual controls: - **Show EMA X**: Toggle visibility for each EMA - **EMA X Period**: Adjust the period length for calculation - **EMA X Color**: Customize the color of each EMA - **EMA Line Width**: Set the width for all EMA lines How to Use Basic VWAP Analysis The core VWAP line (blue) represents the average price weighted by volume since the start of the session (17:00 daily reset). This serves as a dynamic support/resistance level and reference point for intraday trading. 1. **Price above VWAP**: Generally bullish short-term sentiment 2. **Price below VWAP**: Generally bearish short-term sentiment 3. **Crosses of VWAP**: Potential shift in short-term momentum Standard Deviation Bands The bands surrounding VWAP help identify potential support, resistance, and volatility levels: - **Band #1 (±1σ)**: Price often reverts to VWAP when reaching these levels - **Band #2 (±2σ)**: Stronger support/resistance areas, possible reversal zones - **Band #3 (±3σ)**: Extreme price levels, often indicating overbought/oversold conditions High/Low Point Detection Purple and yellow diamond markers identify significant swing highs and lows relative to VWAP, helping you recognize potential reversal points or continuation patterns. (These repaint in a effort to find the max high/low point from the VWAP Line) EMA Strategy The customizable EMAs can be used to: - Find potential support/resistance levels - Create crossover systems - Analyze market structure Common EMA combinations include: - 8 & 21 for short-term trends - 50 & 200 for long-term trends and the "Golden Cross/Death Cross" - 13 & 48 for the "New Golden Cross" - a modern alternative gaining popularity among traders - 8, 13, 21 for complex short-term momentum analysis Advanced Usage Tips For Day Traders 1. **Opening Range Analysis**: Watch how price reacts to VWAP in the first hour of trading 2. **VWAP Reversions**: Look for trades when price touches outer bands and reverses toward VWAP 3. **Band Breakouts**: Strong moves beyond Band #2 may indicate momentum for continuation For Swing Traders 1. **Use alongside daily/weekly support-resistance levels** 2. **Combine with EMA crossovers for trend confirmation** 3. **Identify potential reversal zones where price reaches Band #3** Combined Strategies - **EMA + VWAP Confluence**: Strong signals occur when EMA lines and VWAP/bands align at the same price level - **High/Low + Band Touch**: When a high/low marker appears near a band, it may indicate a stronger support/resistance level Conclusion The VWAP Horizon Suite Optimized provides a comprehensive set of tools for price analysis based on volume-weighted data and exponential averages. By understanding and properly configuring the various components, you can create a powerful visual framework for identifying potential trading opportunities across multiple timeframes. Remember that no indicator provides perfect signals, and the VWAP Horizon Suite works best when used as part of a complete trading strategy that includes risk management, multiple confirmation tools, and proper analysis of market conditions. DISCLAIMER **DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.**
Indicatore Pine Script®
di CoffeeKiller
6
Double Top/Bottom Fractals DetectorDouble Top/Bottom Detector with Williams Fractals (Extended + Early Signal) This indicator combines the classic Williams Fractals methodology with an enhanced mechanism to detect potential reversal patterns—namely, double tops and double bottoms. It does so by using two separate detection schemes: Confirmed Fractals for Pattern Formation: The indicator calculates confirmed fractals using the traditional Williams Fractals rules. A fractal is confirmed if a bar’s high (for an up fractal) or low (for a down fractal) is the highest or lowest compared to a specified number of bars on both sides (default: 2 bars on the left and 2 on the right). Once a confirmed fractal is identified, its price (high for tops, low for bottoms) and bar index are stored in an internal array (up to the 10 most recent confirmed fractals). When a new confirmed fractal appears, the indicator compares it with previous confirmed fractals. If the new fractal is within a user-defined maximum bar distance (e.g., 20 bars) and the price difference is within a specified tolerance (default: 0.8%), the indicator assumes that a double top (if comparing highs) or a double bottom (if comparing lows) pattern is forming. A signal is then generated by placing a label on the chart—SELL for a double top and BUY for a double bottom. Early Signal Generation: To capture potential reversals sooner, the indicator also includes an “early signal” mechanism. This uses asymmetric offsets different from the confirmed fractal calculation: Signal Right Offset: Defines the candidate bar used for early signal detection (default is 1 bar). Signal Left Offset: Defines the number of bars to the left of the candidate that must confirm the candidate’s price is the extreme (default is 2 bars). For an early top candidate, the candidate bar’s high must be greater than the highs of the bars specified by the left offset and also higher than the bar immediately to its right. For an early bottom candidate, the corresponding condition applies for lows. If the early candidate’s price level is within the acceptable tolerance when compared to any of the previously stored confirmed fractals (again, within the allowed bar distance), an early signal is generated—displayed as SELL_EARLY or BUY_EARLY. The early signal block can be enabled or disabled via a checkbox input, allowing traders to choose whether to use these proactive signals. Key Parameters: n: The number of bars used to confirm a fractal. The fractal is considered valid if the bar’s high (or low) is higher (or lower) than the highs (or lows) of the preceding and following n bars. maxBarsApart: The maximum number of bars allowed between two fractals for them to be considered part of the same double top or bottom pattern. tolerancePercent: The maximum allowed percentage difference (default: 0.8%) between the high (or low) values of two fractals to qualify them as matching for the pattern. signalLeftOffset & signalRightOffset: These parameters define the asymmetric offsets for early signal detection. The left offset (default: 2) specifies how many bars to look back, while the right offset (default: 1) specifies the candidate bar’s position. earlySignalsEnabled: A checkbox option that allows users to enable or disable early signal generation. When disabled, the indicator only uses confirmed fractal signals. How It Works: Fractal Calculation and Plotting: The confirmed fractals are calculated using the traditional method, ensuring robust identification by verifying the pattern with a symmetrical offset. These confirmed fractals are plotted on the chart using triangle shapes (upwards for potential double bottoms and downwards for potential double tops). Pattern Detection: Upon detection of a new confirmed fractal, the indicator checks up to 10 previous fractals stored in internal arrays. If the new fractal’s high or low is within the tolerance range and close enough in terms of bars to one of the stored fractals, it signifies the formation of a double top or double bottom. A corresponding SELL or BUY label is then placed on the chart. Early Signal Feature: If enabled, the early signal block checks for candidate bars based on the defined asymmetric offsets. These candidates are evaluated to see if their high/low levels meet the early confirmation criteria relative to nearby bars. If they also match one of the confirmed fractal levels (within tolerance and bar distance), an early signal is issued with a label (SELL_EARLY or BUY_EARLY) on the chart. Benefits for Traders: Timely Alerts: By combining both confirmed and early signals, the indicator offers a proactive approach to detect reversals sooner, potentially improving entry and exit timing. Flexibility: With adjustable parameters (including the option to disable early signals), traders can fine-tune the indicator to better suit different markets, timeframes, and trading styles. Enhanced Pattern Recognition: The dual-layered approach (confirmed fractals plus early detection) helps filter out false signals and captures the essential formation of double tops and bottoms more reliably.
Indicatore Pine Script®
di RezzoRedPriest
1
Gann & Fibonacci Analysis for MSTRYes! Below is a step-by-step guide to performing Gann Analysis on MSTR in TradingView for the last year. Step 1: Set Up the Chart Open TradingView and search for MSTR (MicroStrategy). Select the 1-day (D) timeframe to analyze the past year. Set your chart to logarithmic scale (⚙ Settings → Scale → Log). Enable grid lines for alignment (⚙ Settings → Appearance → Grid Lines). Step 2: Identify Key Highs and Lows (Last Year) Find the 52-week high and 52-week low for MSTR. As of now: 52-Week High: ~$999 (March 2024). 52-Week Low: ~$280 (October 2023). Step 3: Plot Gann Angles Using TradingView's Gann Fan Tool: Select "Gann Fan" (Press / and type “Gann Fan” to find it). Start at the 52-week low (~$280, October 2023) and drag upwards. Adjust the angles to match key levels: 1x1 (45°) → Main trendline 2x1 (26.5°) → Strong uptrend 4x1 (15°) → Weak trendline 1x2 (63.75°) → Strong resistance Repeat the process from the 52-week high (~$999, March 2024) downward to see bearish angles. Step 4: Apply Fibonacci & Gann Retracement Levels Using Fibonacci Retracement: Select "Fibonacci Retracement" tool. Draw from 52-week high ($999) to 52-week low ($280). Enable key Fibonacci levels: 23.6% ($816) 38.2% ($678) 50% ($640) 61.8% ($550) 78.6% ($430) Watch for price reactions near these levels. Using Gann Retracement Levels: Select "Gann Box" in TradingView. Draw from 52-week high ($999) to low ($280). Enable key Gann retracement levels: 12.5% ($912) 25% ($850) 37.5% ($768) 50% ($640) 62.5% ($550) 75% ($480) 87.5% ($350) Identify confluences with Gann angles and Fibonacci levels. Step 5: Identify Significant Dates & Time Cycles Use "Date Range" Tool in TradingView. Mark major turning points: High → Low: ~180 days (Half-year cycle). Low → High: ~90 days (Quarter cycle). Use Square-Outs (Time = Price method): Example: If MSTR hit $500, check 500 days from key events. Mark key anniversaries of past highs/lows for possible reversals. Step 6: Analyze and Trade Execution ✅ If MSTR is at a Gann angle + Fibonacci level + key date → Expect a reaction. ✅ Use RSI, MACD, and Volume for extra confirmation. ✅ Set Stop-Loss at nearest Gann support/resistance.
Indicatore Pine Script®
di zkissing
Bullish Reversal Bar Strategy [Skyrexio]Overview Bullish Reversal Bar Strategy leverages the combination of candlestick pattern Bullish Reversal Bar (description in Methodology and Justification of Methodology), Williams Alligator indicator and Williams Fractals to create the high probability setups. Candlestick pattern is used for the entering into trade, while the combination of Williams Alligator and Fractals is used for the trend approximation as close condition. Strategy uses only long trades. Unique Features No fixed stop-loss and take profit: Instead of fixed stop-loss level strategy utilizes technical condition obtained by Fractals and Alligator or the candlestick pattern invalidation to identify when current uptrend is likely to be over (more information in "Methodology" and "Justification of Methodology" paragraphs) Configurable Trading Periods: Users can tailor the strategy to specific market windows, adapting to different market conditions. Trend Trade Filter: strategy uses Alligator and Fractal combination as high probability trend filter. Methodology The strategy opens long trade when the following price met the conditions: 1.Current candle's high shall be below the Williams Alligator's lines (Jaw, Lips, Teeth)(all details in "Justification of Methodology" paragraph) 2.Price shall create the candlestick pattern "Bullish Reversal Bar". Optionally if MFI and AO filters are enabled current candle shall have the decreasing AO and at least one of three recent bars shall have the squat state on the MFI (all details in "Justification of Methodology" paragraph) 3.If price breaks through the high of the candle marked as the "Bullish Reversal Bar" the long trade is open at the price one tick above the candle's high 4.Initial stop loss is placed at the Bullish Reversal Bar's candle's low 5.If price hit the Bullish Reversal Bar's low before hitting the entry price potential trade is cancelled 6.If trade is active and initial stop loss has not been hit, trade is closed when the combination of Alligator and Williams Fractals shall consider current trend change from upward to downward. Strategy settings In the inputs window user can setup strategy setting: Enable MFI (if true trades are filtered using Market Facilitation Index (MFI) condition all details in "Justification of Methodology" paragraph), by default = false) Enable AO (if true trades are filtered using Awesome Oscillator (AO) condition all details in "Justification of Methodology" paragraph), by default = false) Justification of Methodology Let's explore the key concepts of this strategy and understand how they work together. The first and key concept is the Bullish Reversal Bar candlestick pattern. This is just the single bar pattern. The rules are simple: Candle shall be closed in it's upper half High of this candle shall be below all three Alligator's lines (Jaw, Lips, Teeth) Next, let’s discuss the short-term trend filter, which combines the Williams Alligator and Williams Fractals. Williams Alligator Developed by Bill Williams, the Alligator is a technical indicator that identifies trends and potential market reversals. It consists of three smoothed moving averages: Jaw (Blue Line): The slowest of the three, based on a 13-period smoothed moving average shifted 8 bars ahead. Teeth (Red Line): The medium-speed line, derived from an 8-period smoothed moving average shifted 5 bars forward. Lips (Green Line): The fastest line, calculated using a 5-period smoothed moving average shifted 3 bars forward. When the lines diverge and align in order, the "Alligator" is "awake," signaling a strong trend. When the lines overlap or intertwine, the "Alligator" is "asleep," indicating a range-bound or sideways market. This indicator helps traders determine when to enter or avoid trades. Fractals, another tool by Bill Williams, help identify potential reversal points on a price chart. A fractal forms over at least five consecutive bars, with the middle bar showing either: Up Fractal: Occurs when the middle bar has a higher high than the two preceding and two following bars, suggesting a potential downward reversal. Down Fractal: Happens when the middle bar shows a lower low than the surrounding two bars, hinting at a possible upward reversal. Traders often use fractals alongside other indicators to confirm trends or reversals, enhancing decision-making accuracy. How do these tools work together in this strategy? Let’s consider an example of an uptrend. When the price breaks above an up fractal, it signals a potential bullish trend. This occurs because the up fractal represents a shift in market behavior, where a temporary high was formed due to selling pressure. If the price revisits this level and breaks through, it suggests the market sentiment has turned bullish. The breakout must occur above the Alligator’s teeth line to confirm the trend. A breakout below the teeth is considered invalid, and the downtrend might still persist. Conversely, in a downtrend, the same logic applies with down fractals. How we can use all these indicators in this strategy? This strategy is a counter trend one. Candle's high shall be below all Alligator's lines. During this market stage the bullish reversal bar candlestick pattern shall be printed. This bar during the downtrend is a high probability setup for the potential reversal to the upside: bulls were able to close the price in the upper half of a candle. The breaking of its high is a high probability signal that trend change is confirmed and script opens long trade. If market continues going down and break down the bullish reversal bar's low potential trend change has been invalidated and strategy close long trade. If market really reversed and started moving to the upside strategy waits for the trend change form the downtrend to the uptrend according to approximation of Alligator and Fractals combination. If this change happens strategy close the trade. This approach helps to stay in the long trade while the uptrend continuation is likely and close it if there is a high probability of the uptrend finish. Optionally users can enable MFI and AO filters. First of all, let's briefly explain what are these two indicators. The Awesome Oscillator (AO), created by Bill Williams, is a momentum-based indicator that evaluates market momentum by comparing recent price activity to a broader historical context. It assists traders in identifying potential trend reversals and gauging trend strength. AO = SMA5(Median Price) − SMA34(Median Price) where: Median Price = (High + Low) / 2 SMA5 = 5-period Simple Moving Average of the Median Price SMA 34 = 34-period Simple Moving Average of the Median Price This indicator is filtering signals in the following way: if current AO bar is decreasing this candle can be interpreted as a bullish reversal bar. This logic is applicable because initially this strategy is a trend reversal, it is searching for the high probability setup against the current trend. Decreasing AO is the additional high probability filter of a downtrend. Let's briefly look what is MFI. The Market Facilitation Index (MFI) is a technical indicator that measures the price movement per unit of volume, helping traders gauge the efficiency of price movement in relation to trading volume. Here's how you can calculate it: MFI = (High−Low)/Volume MFI can be used in combination with volume, so we can divide 4 states. Bill Williams introduced these to help traders interpret the interaction between volume and price movement. Here’s a quick summary: Green Window (Increased MFI & Increased Volume): Indicates strong momentum with both price and volume increasing. Often a sign of trend continuation, as both buying and selling interest are rising. Fake Window (Increased MFI & Decreased Volume): Shows that price is moving but with lower volume, suggesting weak support for the trend. This can signal a potential end of the current trend. Squat Window (Decreased MFI & Increased Volume): Shows high volume but little price movement, indicating a tug-of-war between buyers and sellers. This often precedes a breakout as the pressure builds. Fade Window (Decreased MFI & Decreased Volume): Indicates a lack of interest from both buyers and sellers, leading to lower momentum. This typically happens in range-bound markets and may signal consolidation before a new move. For our purposes we are interested in squat bars. This is the sign that volume cannot move the price easily. This type of bar increases the probability of trend reversal. In this indicator we added to enable the MFI filter of reversal bars. If potential reversal bar or two preceding bars have squat state this bar can be interpret as a reversal one. Backtest Results Operating window: Date range of backtests is 2023.01.01 - 2024.12.31. It is chosen to let the strategy to close all opened positions. Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks. Initial capital: 10000 USDT Percent of capital used in every trade: 50% Maximum Single Position Loss: -5.29% Maximum Single Profit: +29.99% Net Profit: +5472.66 USDT (+54.73%) Total Trades: 103 (33.98% win rate) Profit Factor: 1.634 Maximum Accumulated Loss: 1231.15 USDT (-8.32%) Average Profit per Trade: 53.13 USDT (+0.94%) Average Trade Duration: 76 hours How to Use Add the script to favorites for easy access. Apply to the desired timeframe and chart (optimal performance observed on 4h ETH/USDT). Configure settings using the dropdown choice list in the built-in menu. Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}} Disclaimer: Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters.
Strategia Pine Script®
di Skyrexio
1
Multi-Timeframe Liquidity LevelsMulti-Timeframe Liquidity Levels – Overview The Multi-Timeframe Liquidity Levels indicator automatically displays significant highs and lows from various timeframes (Daily, Weekly, Monthly, and Quarterly) on your current chart. This allows traders to quickly identify potential support and resistance zones without frequently switching between different timeframe charts. Additionally, the script offers extra lines for special reference points (e.g., the “Midnight” midpoint of the current day and the previous day’s open/close) to highlight potential liquidity zones even more clearly. 1. Core Idea and Benefits Time-Saving: Instead of manually reviewing charts in different timeframes, the indicator fetches relevant high/low levels automatically and shows them on your active timeframe. Clear Layout: Traders instantly see where the Daily, Weekly, Monthly, and Quarterly highs and lows lie—areas often associated with institutional orders or liquidity hunts. Customizable: You can tailor the color scheme, line style (Solid, Dashed, Dotted), and line width, ensuring the displayed levels fit your personal charting style. 2. How It Works Multi-Timeframe High/Low For each timeframe (Day, Week, Month, Quarter), the indicator references the previous candle’s high and low (high , low ). Using request.security(...), these values are plotted on the chart you’re currently viewing. Flexible Display You can individually enable or disable the Daily, Weekly, Monthly, and Quarterly lines, depending on which levels are most relevant to your trading. With Line Style (Solid, Dashed, Dotted) and Line Width, you can easily emphasize certain lines you consider more important. Additional Lines “Midnight” Line: A theoretical midpoint between today’s high and low, which can be useful for gauging daily pivot areas. Previous Day’s Open/Close: Many traders track these reference points to anticipate market reactions. You can show or hide these lines as desired. Automatic Line Removal & Creation When a particular timeframe (e.g., “Show Monthly Levels”) is disabled, the script automatically removes the existing monthly lines. Enabling it again recreates those lines without hassle. 3. Usage and Interpretation Identifying Support and Resistance Highs and lows from higher timeframes are often key zones for entries, exits, or major market reactions. A Daily level may be crucial for short-term traders, whereas Monthly or Quarterly levels can indicate long-term liquidity areas. Spotting Market Shifts If price decisively moves above a Higher-Timeframe line, it could signal strong momentum. Conversely, a failed breakout (where price quickly returns under or above a level) might warn of a potential reversal. Extra Lines as Filters The “Midnight” Line helps visualize a rough central price for the current day, aiding in intraday directional bias. Previous Day’s Open/Close: Common reference points for day traders, where swift approaches and rejections can indicate potential entries or partial take-profit zones. 4. Practical Tips Use Color-Coding Wisely: Assign distinct colors (e.g., Blue for Daily, Green for Weekly, Orange for Monthly, Purple for Quarterly) so you can easily discern which timeframe you’re looking at. Toggle On/Off As Needed: Day traders might focus on Daily and Weekly, while long-term traders may pay closer attention to Monthly and Quarterly. Combine with Price Action: Lines alone don’t constitute a trading strategy. Use them alongside candlestick patterns, volume analysis, or other indicators for a more complete market perspective. 5. Important Notes & Recommendations Not Financial Advice: This indicator simply reflects historical high/low data across multiple timeframes and does not constitute a buy or sell recommendation. Trader Responsibility: Observe how the market actually behaves around these lines and adapt your risk management accordingly.
Indicatore Pine Script®
di Jonny86FXPro
1
Non-Psychological Levels🟩 Non-Psychological Levels is a structural analysis tool that segments price action into objective ranges, identifying Broken and Unbroken levels without relying on psychological or time-based assumptions. By emphasizing mechanically derived price behavior, it provides traders with a clear framework for analyzing support and resistance in a consistent and unbiased manner across various market conditions. This indicator introduces a new approach to understanding market structure by focusing on price movement within defined segments, free from behavioral patterns, round numbers, or specific time intervals. While the indicator is time-agnostic in design, it works within the natural time progression of the chart, ensuring that segmentation aligns with the inherent structure of price movement. Broken levels, where price has breached a structural boundary, and Unbroken levels, which remain intact, are visualized with horizontal lines. These structural zones are complemented by dynamically boxed segments that contextualize both historical and ongoing price behavior. By offering an objective perspective, the Non-Psychological Levels indicator complements psychology-based tools, helping traders explore market dynamics from multiple angles. When structural levels align with psychological zones, they reinforce critical price areas; when they differ, they provide opportunities to analyze price behavior from an alternative lens. This indicator is designed as both an educational framework and a practical tool, encouraging a deeper understanding of structural price behavior in technical analysis. ⭕ THEORY AND CONCEPT ⭕ The Non-Psychological Levels indicator is grounded in the principle of analyzing price behavior without reliance on psychological assumptions or time-based factors. Its primary purpose is to provide a structural framework for identifying support and resistance levels by focusing solely on price movement within mechanically defined segments. By removing external influences such as sentiment, time intervals, or market sessions, the indicator offers an unbiased lens through which traders can observe price dynamics. Non-psychology, as defined here, refers to an approach that excludes behavioral and emotional patterns—like fear, greed, or herd mentality—from price analysis. Traditional tools often depend on these patterns to identify zones such as pivots or Fibonacci retracements, but these methods can be inconsistent in volatile markets. In contrast, the Non-Psychological Levels indicator focuses entirely on what price is doing, free from assumptions about trader behavior or external time constraints. The indicator’s time-agnostic and mechanically driven design segments price action into consistent ranges, highlighting "Broken" levels (where price breaches structural boundaries) and "Unbroken" levels (where price holds). These structural zones remain unaffected by subjective or external influences, ensuring clarity and consistency across different markets and timeframes. By doing so, the indicator reveals a pure view of price structure, independent of psychological biases. Importantly, the Non-Psychological Levels indicator is not intended to replace psychology-based tools but to complement them. When its structural levels align with psychological zones like round numbers or session highs/lows, the significance of these areas is reinforced. Conversely, when the levels differ, the contrast provides traders with alternative insights into market dynamics. This dual perspective—blending mechanical objectivity with behavioral analysis—enhances the depth and flexibility of market evaluation. The following principles outline the theoretical foundation of the indicator and its unique contribution to structural price analysis: Time-Agnostic Design : The indicator avoids reliance on time-based factors like daily opens, session intervals, or specific events. Instead, it segments price action using bar indexes, ensuring that structural levels are identified independently of external time variables. While the x-axis of a chart inherently represents time, this indicator abstracts away its influence, allowing traders to focus purely on price movement without the bias of temporal context. Mechanical and Neutral Framework : Every calculation within the indicator is predetermined by a set of mechanical rules, ensuring no subjective input or interpretation affects the results. This objectivity guarantees that levels are derived solely from observed price behavior, providing a reliable framework that traders can trust to remain consistent across different assets, timeframes, and market conditions. Broken and Unbroken Levels : Broken levels represent zones where price has breached a structural boundary, while Unbroken levels highlight areas where price has consistently respected its range. This distinction provides a clear and systematic method for identifying key support and resistance levels, offering insights into where future price interactions are most likely to occur. Neutral Price Behavior : By dividing price action into equal segments, the indicator removes the influence of external factors like trader sentiment or psychological expectations. Each segment independently determines significant levels based purely on price action, enabling a structural view of the market that abstracts away behavioral or emotional biases. Complement to Psychological Tools : While the indicator itself avoids behavioral assumptions, its levels can align with psychological zones like round numbers, pivots, or Fibonacci levels. When these structural and psychological levels overlap, it reinforces the importance of key areas, while divergences offer opportunities to examine price behavior from a new perspective. Educational Value : The indicator encourages traders to explore the contrast between structural and psychological analysis. By introducing a framework that isolates price behavior from external influences, it challenges traditional methods of technical analysis, fostering deeper insights into market structure and behavior. 🔍 UNDERSTANDING STRUCTURAL LEVELS 🔍 The Non-Psychological Levels indicator offers a straightforward yet powerful way to understand market structure by segmenting price action into mechanically defined ranges. This segmentation highlights two key elements: "Broken" levels, where price has breached structural boundaries, and "Unbroken" levels, which remain intact and respected by price action. Together, these components create a framework for identifying potential areas of support and resistance. Broken Levels : These are structural boundaries that price has surpassed, indicating areas where previous support or resistance failed. Broken levels often signal transitions in price behavior, such as shifts in momentum or the start of trending movements. They provide insight into zones where price has already tested and moved beyond. Unbroken Levels : These levels remain intact within a given price segment, marking areas where price has consistently respected boundaries. Unbroken levels are particularly useful for identifying potential reversal points or zones of continued support or resistance. Their persistence across price action often makes them reliable indicators of market structure. The visual segmentation of price action into distinct ranges allows traders to observe how price transitions between structural zones. For example: - Clusters of Unbroken levels near the current price may suggest strong support or resistance, offering areas of interest for reversals or breakouts. - Gaps between Unbroken levels highlight areas of price inefficiency or low interaction, which may become significant if revisited. By focusing solely on structural price behavior, the Non-Psychological Levels indicator enables traders to analyze price independently of time or psychological factors. This makes it a valuable tool for understanding price dynamics objectively, whether used on its own or alongside other indicators. 🛠️ SETTINGS 🛠️ The Non-Psychological Levels indicator offers various customizable settings to help users tailor its visualization to their specific trading style and market conditions. These settings allow adjustments to sensitivity, level projection, and the source of price calculations (e.g., wicks or closing prices). Below, we outline each setting and its impact on the chart, along with examples to illustrate their functionality. Custom Settings Sensitivity : This setting adjusts the balance between detailed and broader structural levels by controlling the number of segments. Higher values result in more segments, revealing finer price levels, while lower values consolidate segments to highlight major price movements. Source : Allows the user to choose between 'Wick' or 'Close' for detecting levels. Selecting 'Wick' emphasizes the absolute highs and lows of price action, while 'Close' focuses on closing prices within each segment. Level Labels : Configures the visual representation of price levels, allowing users to toggle between price values, symbols (▲ ▼), or disabling labels altogether. This setting ensures clarity in how Broken and Unbroken levels are displayed on the chart. Unbroken Levels : - - - Users can customize the colors and label styles for Unbroken levels, which highlight areas where price has respected structural boundaries. Broken Levels : -|- Similar to Unbroken levels, users can specify the visual appearance of Broken levels, including color customization for Broken highs and lows. These settings help distinguish areas where price has breached a structural boundary. Projection Options : This setting allows users to control how broken and unbroken levels are visually extended on the chart. The Future option projects lines forward to the right of the current price, showing potential future relevance of levels. The All option extends lines both forward and backward, providing a comprehensive view of how levels align with historical and potential future price action. The None option disables projections, keeping the chart focused solely on current segment levels without any extensions. Segments : Includes options for customizing the segment visualization: - Live Segment : Toggles the display of a highlighted box representing the current developing segment, helping users focus on ongoing price action. - Boxes : Allows users to display filled boxes around each segment for additional visual emphasis. - Segment Colors : Users can define separate colors for support (lower) and resistance (upper) segments, making it easier to interpret directional trends. - Boundaries : Enables or disables vertical lines to mark segment boundaries, providing a clearer view of structural divisions. Repaint : This setting allows users to enable or disable triangle labels within the live segment. When enabled, the triangles dynamically update to reflect real-time price behavior during the live bar but will repaint until the bar is fully confirmed. Disabling this option prevents the triangles from appearing during the live bar, reducing potential confusion as they may otherwise flash on and off during price updates. This setting ensures users can choose their preferred visualization while maintaining clarity in real-time analysis. Color Settings : Offers extensive customization for all visual elements, including Broken and Unbroken levels, segment boundaries, and live segments. These settings ensure the indicator can adapt to individual preferences for chart readability. 🖼️ CHART EXAMPLES 🖼️ The following chart examples illustrate different configurations and features of the Non-Psychological Levels indicator. These examples highlight how the indicator’s settings influence the visualization of structural price behavior, helping traders understand its functionality in various scenarios. Broken and Unbroken Levels : Orange prices are Broken HIghs. Blue prices are Broken Lows. Green and Red are Unbroken. Boundaries : Enable Boundaries to visualize segments. High Sensitivity Setting : A high sensitivity setting produces fewer segments and levels, emphasizing broader price ranges and major structural zones. This configuration is better suited for higher timeframes or identifying overarching trends. Low Sensitivity Setting : A low sensitivity setting results in a greater number of segments and levels, offering a granular view of price structure. This configuration is ideal for analyzing detailed price movements on lower timeframes. Live Segment with Triangles Enabled : This example shows the live segment box with triangle labels enabled. These triangles update dynamically during the live bar but may repaint until the bar is confirmed, helping traders observe real-time price behavior. Broken and Unbroken Levels : This example highlights Broken levels (where price has breached structural boundaries and are drawn through subsequent price action) and Unbroken levels (where price has respected structural boundaries). These distinctions visually identify areas of potential support and resistance. Broken and Unbroken Levels with Projection: All : This example demonstrates the "Project All" feature, where broken and unbroken levels are extended both forward and backward on the chart. This visualization highlights historical and potential future support and resistance zones, helping traders better understand how price interacts with these structural levels over time. Segment Boxes with Boundaries : Filled boxes around individual segments visually distinguish each price interval, offering clarity in observing structural price transitions. 📊 SUMMARY 📊 The Non-Psychological Levels indicator provides a unique framework for analyzing structural price behavior through the identification of Broken and Unbroken levels. These levels act as a mechanical representation of support and resistance, independent of psychological biases or time-based factors. By focusing purely on price movement within defined segments, the indicator offers a neutral and consistent approach to understanding market dynamics. This method complements traditional tools by providing an unbiased perspective. When structural levels align with psychological zones—such as round numbers or session-based highs and lows—they reinforce the significance of these areas as key price zones. When they diverge, the indicator introduces an alternative view, prompting further exploration of price behavior. This dual perspective enhances the depth of analysis by combining the mechanical and behavioral aspects of price action. The Non-Psychological Levels indicator is not designed to generate trading signals or predict future price movements but serves as a visual and educational tool. Its adaptability across all markets and timeframes allows traders to integrate it into their broader strategies. By highlighting structural price dynamics, the indicator offers a fresh perspective on market analysis while remaining compatible with other technical tools. ⚙️ COMPATIBILITY AND LIMITATIONS ⚙️ Asset Compatibility : The Non-Psychological Levels indicator is compatible with all asset classes, including cryptocurrencies, forex, stocks, and commodities. It can be applied to any chart or timeframe, making it a flexible tool for structural price analysis. Users should adjust the Sensitivity setting to ensure the segmentation aligns with the price behavior of the specific asset being analyzed. For instance, higher sensitivity values are more suitable for assets with large price ranges, while lower values work well for assets with tighter ranges. Visual Range Dependency : The indicator is optimized to perform calculations only within the visible range of the chart. This is a significant advantage, as it prevents unnecessary calculations and maintains efficient performance. However, because of this dependency, levels may appear to "recalculate" when the chart is zoomed in or out quickly or shifted abruptly. While this does not affect the integrity of the levels, it may cause a temporary lag as the indicator adjusts to the new visual range. Persistence of Levels Beyond Visibility : Even if levels are not visible on the chart due to zoom or scroll settings, they still exist in the background and are recalculated when revisited. This ensures that the structural price analysis remains consistent, regardless of the chart view. Box Limitations in Pine Script : The indicator is subject to Pine Script's inherent limitation of 500 boxes. This means that no more than 500 segments or level boxes can be drawn on the chart simultaneously. For most configurations, this limitation is mitigated by focusing on the visual range, but users employing very low sensitivity settings may exceed the limit. In such cases, only the most recent 500 boxes will be displayed, potentially omitting earlier segments. Lag with Low Sensitivity Settings : When sensitivity is set to a low value, the indicator creates many more segments, resulting in finer granularity and a higher number of boxes. While this provides detailed structural levels, it may increase the likelihood of exceeding Pine Script’s 500-box limit or cause a temporary lag when rendering a dense set of boxes over a wide visual range. Users should adjust sensitivity to balance detail with performance, especially on assets with high volatility or broad price ranges. Live Segment Caution : The live segment box updates in real time to reflect price movements as the segment is still developing. Since the segment high and segment low are not yet finalized, users should interpret this feature as a dynamic visualization of current price behavior rather than a definitive structural analysis. This ensures clarity during ongoing price action while maintaining the integrity of the indicator's framework. Cross-Market Versatility : The indicator’s time-agnostic and mechanical design ensures that it functions identically across all markets and timeframes. However, users should consider the unique characteristics of different markets when interpreting the results, as certain assets (e.g., highly volatile cryptocurrencies) may require sensitivity adjustments for optimal segmentation. Visual Range Dependency: Levels recalculate efficiently within the chart's visible range but may lag temporarily when zooming or scrolling quickly. These considerations ensure that the Non-Psychological Levels indicator remains robust and versatile while highlighting some inherent limitations of Pine Script and real-time recalculations. Users can mitigate these constraints by carefully adjusting sensitivity and understanding how the visual range dependency affects performance. ⚠️ DISCLAIMER ⚠️ The Non-Psychological Levels indicator is a visual analysis tool and is not designed as a predictive or trading signal indicator. Its primary purpose is to highlight structural price levels, providing an objective framework for understanding support and resistance within mechanically segmented price action. The indicator operates within the visible range of the chart to ensure efficiency and adaptiveness, but this recalculation should not be interpreted as a forecast of future price behavior. While the structural levels may align with significant price zones in hindsight, they are purely a reflection of observed price dynamics and should not be used as standalone trading signals. This indicator is intended as an educational and visual aid to complement other analysis methods. Users are encouraged to integrate it into a broader trading strategy and make adjustments to the settings based on their individual needs and market conditions. 🧠 BEYOND THE CODE 🧠 The Non-Psychological Levels indicator, like other xxattaxx indicators , is designed with education and community collaboration in mind. Its open-source nature encourages exploration, experimentation, and the development of new approaches to price analysis. By focusing on structural price behavior rather than psychological or time-based factors, this indicator introduces a fresh perspective for users to study. Beyond its visual utility, the indicator serves as an educational framework for understanding the concept of non-psychological analysis. It offers traders an opportunity to explore price dynamics in a purely mechanical way, challenging conventional methods and fostering deeper insights into structural behavior. This approach is especially valuable for those interested in exploring new concepts or seeking alternative perspectives on market analysis. Your comments, suggestions, and discussions are invaluable in shaping the future of this project. We actively encourage your feedback and contributions, which will directly help us refine and improve the Non-Psychological Levels indicator. We look forward to seeing the creative ways in which you use and enhance this tool. MVS
Indicatore Pine Script®
di xxattaxx
17
Volume/Price Divergence v2The "Volume/Price Divergence v2" indicator is designed to analyze the relationship between volume and price movements in a financial market. It helps traders identify potential divergences that may indicate a change in market trends. Here’s a breakdown of how it works: ### Key Components 1. **Volume Calculation**: - **Buying Volume**: This is calculated based on the relationship between the closing price and the high/low range. If the closing price is closer to the low, more volume is attributed to buying. - **Selling Volume**: Conversely, if the closing price is closer to the high, more volume is considered selling. The formulas used are: ```pinescript buyVolume = high == low ? 0 : volume * (close - low) / (high - low) sellVolume = high == low ? 0 : volume * (high - close) / (high - low) ``` 2. **Plotting Volume**: - The total volume is plotted in red and buying volume is plotted in teal. This helps visualize the volume distribution during different price movements. 3. **Rate of Change (ROC)**: - The indicator calculates the rate of change for both volume and price over a specified period. This allows traders to see how volume and price are changing relative to each other. ```pinescript roc = source / source roc2 = source2 / source2 ``` 4. **Volume/Price Divergence (VPD)**: - The VPD is derived from the ratio of the ROC of volume to the ROC of price. This ratio helps identify divergences: - A VPD significantly above 10 may indicate strong divergence, suggesting that price movements are not supported by volume. - A VPD around 1 indicates that volume and price are moving in harmony. 5. **Horizontal Lines**: - The indicator includes horizontal lines at levels 10 (high divergence) and 1 (low divergence), serving as visual cues for traders to assess the market's state. ### Interpretation - **Divergence**: If price makes a new high but volume does not follow (or vice versa), it may signal a potential reversal or weakness in the trend. - **Volume Trends**: Analyzing the buying vs. selling volume can provide insights into market sentiment, helping traders make informed decisions. - **Potential for a Strong Move**: A high VPD during a breakout indicates that while volume is increasing, the price isn’t moving significantly, suggesting that a big price move could be imminent. - **Caution Before Entry**: Traders should be aware that the lack of price movement relative to high volume may signal an impending volatility spike, which could lead to a rapid price change in either direction. Overall, this indicator is useful for traders looking to gauge the strength of price movements and identify potential reversals or breakouts based on volume trends.
Indicatore Pine Script®
di GOAT101