RSI Pivots with Divergence Overlay█ OVERVIEW
The RSI Pivots with Divergence Overlay indicator is an advanced tool based on RSI, displaying dynamic bands on the price chart to simplify the identification of overbought and oversold conditions. Pivot points and divergences between them are derived from these bands, providing a comprehensive view of the market and enabling the creation of various trading strategies based on this single indicator.
█ CONCEPTS
Areas where RSI exits the bands are often reversal points in the market. The concept of this indicator is to highlight places where the probability of a trend reversal increases. Therefore, pivots and divergences have been added to better identify these key moments. Additionally, the bands allow viewing the market context in relation to the RSI indicator, facilitating analysis of momentum and volatility.
█ KEY FEATURES
Dynamic Bands and RSI Signals: The bands are calculated based on the closing price and RSI value, with dynamic scaling adjusted to market volatility. The upper band corresponds to overbought levels, the lower to oversold, and the midline is their average. The price level relative to the bands serves as a visual RSI signal, indicating potential overbought or oversold conditions.
Pivot Points: The indicator identifies local price highs and lows in relation to RSI levels. The pivot level is taken from the high/low of the candle. A high pivot is detected when the high of the candle reaches a local maximum after crossing the upper RSI level (overbought), signaling a potential reversal. A low pivot appears after a local price minimum following a drop below the lower RSI level (oversold), indicating a possible uptrend reversal. The pivot length (default 2 bars) defines the search range for these extremes, meaning that with a length of 2, a potential divergence signal will appear with a 2-candle delay, as this is the minimum time required to confirm a local pivot. Pivot lines are drawn on the chart, and labels display the RSI value (from the close of the candle) and price at the detection moment. Pivot lines disappear after the detection of the next low pivot for lower lines and high pivot for upper lines, but unbreached lines or those with high volume may still serve as support or resistance levels.
Divergence Detection: The indicator automatically detects divergences to predict trend changes. Bearish divergence occurs when the price forms a higher high pivot, but the RSI (from the close of the candle) is lower than in the previous pivot, indicating weakening upward momentum and a potential bearish reversal. Bullish divergence appears when the price forms a lower low pivot, but the RSI is higher, suggesting building momentum and a possible bullish reversal. Divergences are marked in pivot labels (e.g., "Bear Div" or "Bull Div") and supported by alerts upon detection.
Return Signals: The indicator generates buy and sell signals based on RSI (price) returning to the bands after extreme conditions, independently of pivots and divergences. A buy signal is triggered when RSI (price) crosses above the lower level (exiting oversold), suggesting a potential price rise toward the midline or upper band. A sell signal occurs when RSI (price) falls below the upper level (exiting overbought), indicating a possible price drop toward the lower band. Signals are visualized as arrows (up/down triangles) on the chart, with customizable colors.
█ CONFIGURATION
The indicator offers extensive customization options:
RSI Length (rsiLength): Sets the number of periods used to calculate RSI (default 14).
RSI Upper Level (rsiUpper): Defines the overbought threshold (default 70).
RSI Lower Level (rsiLower): Defines the oversold threshold (default 30).
Band Scaling (scale): Determines the scaling multiplier for bands based on market volatility (default 15.0).
SMA Length for Candle Midpoint (length): Number of periods for calculating the moving average of candle midpoints (default 200). This parameter is used to smooth price data, enabling more accurate volatility assessment and band width adjustment to market dynamics.
Pivot Length (pivotLength): Sets the range (in bars) for detecting local price extremes (default 2).
Pivot Label Offset (pivotLabelOffset): Multiplier for the candle range to position pivot labels (default 0.3).
Show Bands (showBands): Enables/disables the display of bands on the chart.
Show Fill (showFill): Enables/disables the fill between bands and the midline.
Show Pivot Lines (showPivotLines): Enables/disables pivot lines on the chart.
Show Pivot Labels (showPivotLabels): Enables/disables labels with RSI and price values at pivots.
Show Return Signals (showReturnSignals): Enables/disables the display of buy and sell signals.
Colors and Style: Customizable colors for bands, fills, pivot lines, labels, and line widths (default 1).
█ USAGE
The indicator performs best when combined with other technical analysis tools, such as Fibonacci levels, moving averages, or trendlines, to confirm pivot, divergence, and return signals. It enables traders to identify key reversal points, detect hidden trend weaknesses through divergences, and confirm trade entries with return signals.
Usage Examples:
Price bounces off a previous pivot with high volume – this increases the probability of a trend change or correction.
A similar situation when RSI is outside the bands strengthens the signal.
If divergence occurs in addition, we have further confirmation.
This can be combined with Fibonacci levels to check if Fibo zones overlap with pivot lines – this may increase the chance of a strong price reaction.
█ ALERTS
The indicator supports alerts for:
Buy and sell signals (RSI returning to bands).
Detection of bearish and bullish divergences.
Cerca negli script per "pivot points"
Dynamic Volume Profile PoC SwiftedgeOverview
The Dynamic Volume Profile PoC is a powerful and visually intuitive indicator designed to help traders identify key support and resistance levels using a unique combination of pivot points, volume analysis, and dynamic Point of Control (PoC) levels. This script overlays directly on your chart, providing clear visual cues for potential breakout and rejection zones, making it easier to spot high-probability trading opportunities.
What It Does
This indicator combines three core components to deliver actionable insights:
Pivot Points: Identifies significant swing highs and lows to establish potential support and resistance levels.
Volume Oscillator: Measures volume momentum to confirm the strength of price movements, ensuring that breakouts or rejections are backed by significant volume.
Dynamic Point of Control (PoC): Calculates the midpoint between consecutive pivot points to create dynamic PoC levels, which act as key areas where price is likely to either break through (breakout) or reverse (rejection).
These components work together to highlight critical price levels where the market is likely to react, giving traders a clear framework for decision-making.
How It Works
Pivot Detection: The script uses pivot highs and lows (based on user-defined Left Bars and Right Bars) to identify significant price levels. These pivots form the foundation for calculating PoC levels.
PoC Calculation: Each time a new pivot is detected, the script calculates the midpoint between the current pivot and the previous pivot, creating a dynamic PoC level. These levels are plotted as horizontal lines on the chart, with a maximum of Max PoC Lines to Show (default: 2) visible at any time.
Volume Confirmation: A volume oscillator (short EMA of volume minus long EMA of volume) is used to filter breakouts and rejections. Breakouts or rejections are only signaled if the volume oscillator exceeds the Volume Threshold (default: 20), ensuring that price movements are supported by strong volume.
Visual Cues:
PoC levels are drawn as cyan lines with optional semi-transparent zones (controlled by Show PoC Zones). These zones are colored green for potential breakouts (price above PoC) and red for potential rejections (price below PoC).
Labels above and below each PoC level indicate trading opportunities: "Long if breakout"/"Long if rejected" (green) and "Short if breakout"/"Short if rejected" (red), depending on the price's direction relative to the PoC.
Break signals ("B") are plotted above or below bars when price crosses a pivot level with sufficient volume, colored red for downward breaks and green for upward breaks.
How to Use
Add the Indicator: Add the "Dynamic Volume Profile PoC " to your chart in TradingView.
Adjust Settings:
Left Bars and Right Bars (default: 15): Control the sensitivity of pivot detection. Lower values make the script more sensitive to smaller price swings.
Volume Threshold (default: 20): Set the minimum volume oscillator value required to confirm breakouts or rejections. Increase this for stricter confirmation.
Max PoC Lines to Show (default: 2): Define how many PoC levels are displayed at once.
Show PoC Zones (default: true): Toggle semi-transparent zones around PoC levels for better visualization.
Label Spacing Factor (default: 0.5): Adjust the vertical spacing between labels and the PoC box. Increase this value (e.g., to 1.0 or 2.0) for more spacing, or decrease it (e.g., to 0.3) for less.
Interpret the Signals:
Look for PoC levels (cyan lines) as key areas of interest.
Use the labels to identify potential trades: "Long if breakout" indicates a buy opportunity if price breaks above the PoC, while "Short if rejected" suggests a sell if price fails to break through.
Watch for "B" signals to confirm breakouts or rejections with volume support.
Combine with Your Strategy: Use the PoC levels and break signals as part of your broader trading strategy, such as trend-following or mean-reversion setups.
Why This Script is Unique
The Dynamic Volume Profile PoC stands out by combining pivot points, volume analysis, and dynamic PoC levels into a single, cohesive tool. Unlike traditional volume profile indicators that require a fixed range, this script dynamically updates PoC levels based on recent price action, making it more responsive to current market conditions. The addition of volume confirmation ensures that signals are backed by market participation, reducing false breakouts. The visually appealing design, with customizable spacing and semi-transparent zones, makes it easy to interpret key levels at a glance, even for traders unfamiliar with Pine Script.
Notes
This script works best on timeframes where pivot points are meaningful (e.g., 1H, 4H, or daily charts).
Adjust the Label Spacing Factor to ensure labels are well-spaced for your chart's zoom level and instrument.
For instruments with high volatility, you may need to increase the Volume Threshold to filter out noise.
Key Levels | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Key Levels indicator! This indicator allows you to see the key levels on the current chart such as previous day lows / highs, pre-market data, yesterday's close, today's open, pivot points, and much more! It's highly user-friendly with every line being individually customizable and having a wide range of text options.
Features of the new Key Levels indicator :
Today & Yesterday High, Low, Open & Close
Previous 3-10th Day Highs & Lows
Pre-Market Highs & Lows
Previous Month High & Low
High & Low Pivots
Combination Of Same Levels
Wide Customization Options
📌 HOW DOES IT WORK ?
Key levels are important areas in a chart where a significant reaction is expected. In this indicator, you can enable up to the previous 10 days highs and lows, yesterday's close / today's open, and the latest pivot points. Key levels generally act like support & resistance. Here are a few examples :
As shown, key levels play an important role determining the current trend and can be useful in identifying potential levels where the market will reverse or breakout.
🚩UNIQUENESS
1. More Key Levels
We believe that past key levels may be as important as current ones. Some of the key-levels indicators do not include them even though strong reactions can happen around them. Thus, our indicator let's you check up to 10 days backwards.
You can select the ones you think that are the most important and just enable them, making the indicator customizable to your liking.
2. Pre-Market Data
With assets that have pre-market data available, it's crucial to analyze it to have a better understanding of the market in regular trading hours. Our indicator will plot pre-market highs and lows, even if your chart is in the regular trading hours only mode. We believe this will be helpful with your analyzing process.
3. Combination
The indicator can dynamically combine same key levels, so you can have a clear look to the chart without lines & text colliding with each other. This would also help you determine stronger key levels as if a key level occured more than a time, it could be a sign that it's a stronger one. An example :
To summarize, using key levels is an essential skill while detecting zones where strong reactions are expected. This indicator provides up to 10 day's high and low levels, and all of them can be individually turned on / off. Traders that believe older key levels can be important and want to look at the whole picture may use this feature. Also for assets that have pre-market data available, the indicator provides pre-market levels as well. Besides all that, High & Low pivots will provide latest key levels so traders can use them in their decisions.
⚙️SETTINGS
1. General Configuration
You can enable / disable :
1. Today's High / Low / Open
2. Yesterday's High / Low / Close
3. 3th-10th Day High / Low
4. Pre-Market High / Low
5. Previous Month High / Low
You can also change the colors and switch their line styles between solid, dashed and dotted.
2. High & Low Pivots
Enabled -> Enable / Disable High & Low Pivots
Pivot Range -> The range used in the detection of pivot points. Larger values will result in less pivot points, while smaller values will provide more pivot points. This essentially determines how many bars to the right & left shouldn't exceed the pivot's high or low.
You can also change the text color and text size of the pivots from the settings.
3. Style settings
Text Offset -> How many bars of offset should the texts have to the right. Increase if text collides with bars while Align Labels option is set to "Right".
Extend Lines -> If enabled, lines will be extended infinitely to right & left. If disabled, all lines will be clamped in their timelines.
Show Line Values -> If enabled, line information text will contain their price.
Align Labels ->
Right = Align line labels to right.
Center = Line labels will always be at the center of the screen.
Swing Levels and Liquidity - By LeviathanThis script will plot pivot points (swing highs and lows) in the form of lines, boxes or labels to help you identify market structure, “liquidity” areas, swing failure patterns, etc. You are also able to see the volume traded at each pivot point, which will help you compare their significance.
Bars Left-Right
A pivot high (swing high) is a bar in a series of bars that has a higher value than the bars around it and a pivot low (swing low) is a bar in a series of bars that has a lower value than the bars surrounding it. The Bars Left and Bars Right parameters are used to define the number of bars on the left and right sides of a pivot point that the function should consider when identifying pivot highs and lows in a time series. For example, if Bars Left is set to 5 and Bars Right is set to 6, the function will look for a pivot point by comparing the value of the current bar with the values of the 5 bars to its left and the 6 bars to its right. If the value of the current bar is higher than all of these bars, it is considered a pivot high point. These parameter can be used to adjust the sensitivity of the script (lowering the Bars Left and Bars Right parameters will give you more swing points and increasing the Bars Left and Bars Right parameters will give you fewer swing points).
”Show Boxes” - This will draw a box above the swing high and a box below the swing low to help you visualise a large area of interest around swing points. Additional box types and the width of the box can be adjusted in Appearance settings below.
”Show Lines” - This will draw a horizontal line at the level of each swing high and swing low.
”Show Labels” - This will plot a circle at the high point of each swing high and at the low point of each swing low.
”Show Volume” - This will display the amount of volume traded in a given swing point candle. It can help you identify the significance of a given swing point by comparing it to the volumes of other swing points.
”Extend Until Filled” - This will extend the swing point levels until they are mitigated by the price. Turning it off will continue plotting the levels just a few more bars after a swing point occurs.
”Appearance” - You can show/hide swing points, choose the colors of labels, lines and boxes, choose the size and positioning of the text, choose line and box appearance (adjust the Box Width when switching between timeframes!) and more.
More updates coming soon (MTF, more data…)
Trend Vector Pro v2.0Trend Vector Pro v2.0
👨💻 Developed by: Mohammed Bedaiwi
💡 Strategy Overview & Coherence
Trend Vector Pro (TVPro) is a momentum-based trend & reversal strategy that uses a custom smoothed oscillator, an optional ADX filter, and classic Pivot Points to create a single, coherent trading framework.
Instead of stacking random indicators, TVPro is built around these integrated components:
A custom momentum engine (signal generation)
An optional ADX filter (trend quality control)
Daily Pivot Points (context, targets & S/R)
Swing-based “Golden Bar” trailing stops (trade management)
Optional extended bar detection (overextension alerts)
All parts are designed to work together and are documented below to address originality & usefulness requirements.
🔍 Core Components & Justification
1. Custom Momentum Engine (Main Signal Source)
TVPro’s engine is a custom oscillator derived from the bar midpoint ( hl2 ), similar in spirit to the Awesome Oscillator but adapted and fully integrated into the strategy. It measures velocity and acceleration of price, letting the script distinguish between strong impulses, weakening trends, and pure noise.
2. ADX Filter (Trend Strength Validation – Optional)
Uses Average Directional Index (ADX) as a gatekeeper.
Why this matters: This prevents the strategy from firing signals in choppy, non-trending environments (when ADX is below the threshold) and keeps trades focused on periods of clear directional strength.
3. Classic Pivot Points (Context & Targets)
Calculates Daily Pivot Points ( PP, R1-R3, S1-S3 ) via request.security() using prior session data.
Why this matters: Momentum gives the signal, ADX validates the environment, and Pivots add external structure for risk and target planning. This is a designed interaction, not a random mashup.
🧭 Trend State Logic (5-State Bar Coloring)
The strategy uses the momentum's value + slope to define five states, turning the chart into a visual momentum map:
🟢 STRONG BULL (Bright Green): Momentum accelerating UP. → Strong upside impulse.
🌲 WEAK BULL (Dark Green): Momentum decelerating DOWN (while positive). → Pullback/pause zone.
🔴 STRONG BEAR (Bright Red): Momentum accelerating DOWN. → Strong downside impulse.
🍷 WEAK BEAR (Dark Red): Momentum decelerating UP (while negative). → Rally/short-covering zone.
🔵 NEUTRAL / CHOP (Cyan): Momentum is near zero (based on noise threshold). → Consolidation / low volatility.
🎯 Signal Logic Modes
TVPro provides two selectable entry styles, controlled by input:
Reversals Only (Cleaner Mode – Default): Targets trend flips. Entry triggers when the current state is Bullish (or Bearish) and the previous state was not. This reduces noise and over-trading.
All Strong Pulses (Aggressive Mode): Targets acceleration phases. Entry triggers when the bar turns to STRONG BULL or STRONG BEAR after any other state. This mode produces more trades.
📌 Risk Management Tools
🟡 Golden Bars – Trailing Stops: Yellow “Trail” Arrows mark confirmed Swing Highs/Lows. These are used as logical trailing stop levels based on market structure.
Extended Bars: Detects when price closes outside a 2-standard-deviation channel, flagging overextension where a pullback is more likely.
Pivot Points: Used as external targets for Take Profit and structural stop placement.
⚙️ Strategy Defaults (Crucial for Publication Compliance)
To keep backtest results realistic and in line with House Rules, TVPro is published with the following fixed default settings:
Order Size: 5% of equity per trade ( default_qty_value = 5 )
Commission: 0.04% per order ( commission_value = 0.04 )
Slippage: 2 ticks ( slippage = 2 )
Initial Capital: 10,000
📘 How to Trade with Trend Vector Pro
Entry: Take Long when a Long signal appears and confirm the bar is Green (Bull state). Short for Red (Bear state).
Stop Loss: Place the initial SL near the latest swing High/Low, or near a relevant Pivot level.
Trade Management: Follow Golden (Trail) Arrows to trail your stop behind structure.
Exits: Exit when: the trailing stop is hit, Price reaches a major Pivot level, or an opposite signal prints.
🛑 Disclaimer
This script is for educational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Always forward-test and use proper risk management before applying any strategy to live trading.
Advanced Swing High/Low Trend Lines with MA Filter# Advanced Swing High/Low Trend Lines Indicator
## Overview
This advanced indicator identifies and draws trend lines based on swing highs and lows across three different timeframes (large, middle, and small trends). It's designed to help traders visualize market structure and potential support/resistance levels at multiple scales simultaneously.
## Key Features
- *Multi-Timeframe Analysis*: Simultaneously tracks trends at large (200-bar), middle (100-bar), and small (50-bar) scales
- *Customizable Visualization*: Different colors, widths, and styles for each trend level
- *Trend Confirmation System*: Requires minimum consecutive pivot points to validate trends
- *Trend Filter Option*: Can align trends with 200 EMA direction for consistency
## Recommended Settings
### For Long-Term Investors:
- Large Swing Length: 200-300
- Middle Swing Length: 100-150
- Small Swing Length: 50-75
- Enable Trend Filter: Yes
- Confirmation Points: 4-5
### For Swing Traders:
- Large Swing Length: 100
- Middle Swing Length: 50
- Small Swing Length: 20-30
- Enable Trend Filter: Optional
- Confirmation Points: 3
### For Day Traders:
- Large Swing Length: 50
- Middle Swing Length: 20
- Small Swing Length: 5-10
- Enable Trend Filter: No
- Confirmation Points: 2-3
## How to Use
### Identification:
1. *Large Trend Lines* (Red/Green): Show major market structure
2. *Middle Trend Lines* (Purple/Aqua): Intermediate levels
3. *Small Trend Lines* (Orange/Blue): Short-term price action
### Trading Applications:
- *Breakout Trading*: Watch for price breaking through multiple trend lines
- *Bounce Trading*: Look for reactions at confluence of trend lines
- *Trend Confirmation*: Aligned trends across timeframes suggest stronger moves
### Best Markets:
- Works well in trending markets (forex, indices)
- Effective in higher timeframes (1H+)
- Can be used in ranging markets to identify boundaries
## Customization Tips
1. For cleaner charts, reduce line widths in congested markets
2. Use dotted styles for smaller trends to reduce visual clutter
3. Adjust confirmation points based on market volatility (higher for noisy markets)
## Limitations
- May repaint on current swing points
- Works best in trending conditions
- Requires sufficient historical data for longer swing lengths
This indicator provides a comprehensive view of market structure across multiple timeframes, helping traders make more informed decisions by visualizing the hierarchy of support and resistance levels.
Rev & Line - CoffeeKillerRev & Line - CoffeeKiller Indicator Guide
🔔 Warning: This Indicator Repaints 🔔 This indicator uses real-time calculations that may change based on future price action. As a result, signals (such as arrows, lines, or color changes) **can and will repaint** — meaning they may appear, disappear, or shift after a candle closes.
**Do not rely on this tool alone for live trading decisions.** Use with caution and always confirm with non-repainting tools or additional analysis.(This indicator is designed to show me the full length of the trend and because of this there can be a smaller movement inside of the trend movement)
Welcome traders! This guide will walk you through the Rev & Line indicator, a sophisticated technical analysis tool developed by CoffeeKiller that combines multiple methodologies to identify market pivots, trends, and potential reversal points.
Core Components
1. ZigZag Analysis
- Dynamic pivot detection using ATR (Average True Range)
- Customizable sensitivity through ATR Reversal Factor
- Color-coded trend lines (green for upward, red for downward)
- Optional vertical lines at pivot points
- Real-time pivot point analysis
2. Donchian Channel Integration
- Traditional upper, lower, and middle bands
- Customizable length and displacement
- Channel-based entry signals
- Dynamic market structure visualization
3. Marker Lines System
- Dynamic support/resistance level tracking
- Pivot-based reset mechanism
- Optional fill zones between markers
- Percentage position tracking within range
4. Signal Generation System
- Confluence between ZigZag pivots and Donchian channels
- Up/down arrow visualization
- Alert system
Main Features
ZigZag Settings
- ATR Reversal Factor: Controls pivot sensitivity (default 3.2)
- Customizable line appearance:
Width control (default: 3)
Color selection (green for uptrend, red for downtrend)
Vertical line options at pivot points
Maximum vertical lines display limit
- Hide repainted option for more reliable signals
Donchian Channel Configuration
- Optional channel visibility toggle
- Length parameter for lookback period (default: 20)
- Displace option for time offset
- Bubble offset for visual placement
Marker Lines System
- High/low/middle marker lines with step-line visualization
- Dotted line projections for future reference
- Pivot-based reset mechanism
- Color-coded percentage position display
Signal Generation
- Triangle markers for signals
- Combined ZigZag and Donchian confluence
- Alert system for notifications
Visual Elements
1. Pivot Lines
- Green: Upward price movements
- Red: Downward price movements
- Customizable line width
- Optional vertical pivot markers with style options:
Solid lines for confirmed pivots
Dashed lines for older pivots
Dotted lines for most recent pivots
2. Donchian Channels
- Upper band (red): Resistance level
- Lower band (green): Support level
- Middle band (yellow): Median price line
- Customizable display options
3. Marker Lines
- High marker line (magenta): Tracks highest open price
- Low marker line (cyan): Tracks lowest open price
- Middle marker line (blue): 50% level between high/low
- Dotted line extensions for future price projections
4. Position Tracking
- Percentage position display within marker range
- Real-time calculations from 0% to 100%
- Label system for visual reference
Trading Applications
1. Trend Following
- Enter on confirmed ZigZag pivot points
- Use Donchian channel boundaries as targets
- Trail stops using marker lines
- Monitor for confluence between systems
2. Counter-Trend Trading
- Trade bounces from marker lines
- Use pivot confirmation for entry timing
- Set stops based on recent pivot points
- Target the opposite marker line
3. Range Trading
- Use high/low marker lines to define range
- Trade bounces between upper and lower markers
- Consider middle marker for range midpoint
- Monitor percentage position within range
4. Breakout Trading
- Enter on breaks above/below marker lines
- Confirm with Donchian channel breakouts
- Use ZigZag pivot confirmations
- Wait for arrow signals for additional confirmation
Optimization Guide
1. ZigZag Parameters
- Higher ATR Factor: Less sensitive, major moves only
- Lower ATR Factor: More sensitive, catches minor moves
- Adjust line width for chart visibility
- Balance vertical line count for clarity
2. Donchian Channel Settings
- Longer length: Smoother channels, fewer false signals
- Shorter length: More responsive, but potentially noisier
- Displacement: Offset for historical reference
- Consider timeframe when setting parameters
3. Marker Line Configuration
- Enable/disable based on trading style
- Toggle middle line for additional reference
- Adjust colors for visual clarity
- Enable/disable labels as needed
4. Signal Generation
- Use "Hide repainted" option for more reliable signals
- Combine ZigZag and Donchian signals for confirmation
- Set alerts based on confirmed pivot points
- Balance sensitivity with reliability
Best Practices
1. Signal Confirmation
- Wait for confirmed pivot points
- Check for Donchian channel interactions
- Confirm with price action
- Look for arrow signals at pivot points
2. Risk Management
- Use recent pivot points for stop placement
- Consider marker line boundaries for targets
- Don't trade against strong trends
- Wait for clear confluence between systems
3. Setup Optimization
- Start with default settings
- Adjust based on timeframe
- Fine-tune ATR sensitivity
- Match settings to trading style
Advanced Features
1. Alert System
- Customizable arrow alerts
- Pivot point notifications
- Text message alerts with ticker information
- Once-per-bar frequency option
2. Pivot Detection Logic
The indicator uses a sophisticated state-based approach to detect pivots:
- State transitions between "uptrend," "downtrend," and "undefined"
- ATR-based reversal detection
- Minimum movement threshold for pivot confirmation
- Historical pivot tracking and labeling
3. Marker Line Reset Mechanism
- Marker lines reset based on pivot detection
- Dynamic support/resistance level adjustment
- Percentage position calculation within range
- Automatic updates as market structure changes
Remember:
- Combine multiple confirmation signals
- Use appropriate timeframe settings
- Monitor both ZigZag and Marker signals
- Pay attention to Donchian channel interactions
- Consider market volatility when trading
This indicator works best when:
- Used with proper risk management
- Combined with other technical tools
- Applied to appropriate timeframes
- Signals are confirmed by price action
**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.
Pivot Point+ Supertrend + EMA + Support/Resistance- LAXMANTAK98
Pivot Point Supertrend with EMA and Support/Resistance Indicator
This custom trading indicator combines the following key components to assist in market analysis and trade decision-making:
Pivot Points:
Pivot points are calculated based on a chosen price source (High, Low, Open, or Close). These levels are used to determine potential support and resistance zones.
Pivot Highs (Resistance) and Pivot Lows (Support) are plotted as labels on the chart for easy identification.
Supertrend Indicator:
The Supertrend is a trend-following indicator that helps to identify bullish or bearish trends.
It uses the Average True Range (ATR) to calculate dynamic support/resistance levels, with adjustable settings for ATR length and multiplier factor.
The trend direction is visually represented by green (bullish) and red (bearish) lines on the chart.
Exponential Moving Averages (EMA):
The indicator plots up to four EMAs with user-defined periods (e.g., 9, 21, 50, 200).
EMAs are commonly used to smooth out price data and identify trends over various timeframes.
Support and Resistance Levels:
Based on Pivot Points, support and resistance levels are plotted using crosses on the chart.
These levels indicate possible price reversal points, helping traders spot key zones for entry and exit.
Visual Alerts:
The indicator includes built-in alerts for trend changes and potential buy/sell signals based on the transition between uptrend and downtrend states.
This combined indicator allows traders to analyze trends, identify key levels for trading, and make more informed decisions by integrating Pivot Points, Supertrend, EMAs, and Support/Resistance in one cohesive system.
Breaker Blocks + Order Blocks confirm [TradingFinder] BBOB Alert🔵 Introduction
In the realm of technical analysis, various tools and concepts are employed to identify key levels on price charts. These tools assist traders in analyzing market trends with greater precision, enabling them to optimize their trading decisions. Among these tools, the Order Block and Breaker Block hold a significant place, serving as effective instruments for analyzing market structure.
🟣 Order Block
An Order Block refers to zones on a chart where large financial institutions and high-volume traders place their orders. Due to the substantial volume of buy or sell orders in these areas, they are often regarded as pivotal points for potential price reversals or temporary pauses in a trend. Order Blocks are particularly crucial when prices react to these zones after a strong market move, acting as strong support or resistance levels.
🟣 Breaker Block
On the other hand, a Breaker Block refers to areas on a chart that previously functioned as Order Blocks but where the price has managed to break through and continue in the opposite direction. These zones are typically recognized as key points where market trends might shift, helping traders identify potential reversal points in the market.
🟣 Overlapping Block (BBOB)
Now, imagine a scenario where these two essential concepts in technical analysis—Order Blocks and Breaker Blocks—overlap on a chart. Although this overlap is not specifically discussed within the ICT (Inner Circle Trader) trading framework, exploring and utilizing this overlap can provide traders with powerful insights into strong support and resistance zones. The combination of these two robust concepts can highlight critical areas in trading, potentially offering significant advantages in making informed trading decisions.
In this article, we will delve into the concept of this overlap, explaining how to utilize it in trading strategies. Additionally, we will analyze the potential outcomes and benefits of incorporating this concept into your trading decisions.
Bullish Overlapping Block (BBOB) :
Bearish Overlapping Block (BBOB) :
🔵 How to Use
The overlap between Order Blocks and Breaker Blocks is a compelling and powerful concept that can help traders identify key levels on the chart with a high probability of success. This overlap is particularly valuable because it combines two well-regarded concepts in technical analysis—zones of high order volume and critical market shifts.
🟣 Here’s how to effectively use this overlap in your trading
1. Dentifying the Overlapping Block : To make the most of the overlap between Order Blocks and Breaker Blocks, begin by identifying these zones separately. Order Blocks are areas where price typically reacts and reverses after a strong market move.
Breaker Blocks are areas where a previous Order Block has been breached, and the price continues in the opposite direction. When these two zones overlap on a chart, it’s crucial to pay close attention to this area, as it represents a high-probability reaction zone.
2. Analyzing the Overlapping Block : After identifying the overlap zone, carefully analyze price action within this region. Candlestick patterns and price behavior can provide essential clues.
If the price reaches this overlap zone and strong reversal patterns such as Pin Bars or Engulfing patterns are observed, it’s likely that this zone will act as a pivotal reversal point. In such cases, entering a trade with confidence becomes more feasible.
3. Entering the Trade : When sufficient signs of price reaction are present in the overlap zone, you can proceed to enter the trade. If the overlap zone is within an uptrend and bullish reversal signals are evident, a long position might be appropriate.
Conversely, if the overlap zone is in a downtrend and bearish reversal signals are observed, a short position would be more suitable.
4. Risk Management : One of the most critical aspects of trading in overlap zones is managing risk. To protect your capital, place your stop loss near the lowest point of the Order Block (for buy trades) or the highest point (for sell trades). This approach minimizes potential losses if the overlap zone fails to hold.
5. Price Targets : After entering the trade, set your price targets based on other key levels on the chart. These targets could include other support and resistance zones, Fibonacci levels, or pivot points.
Bullish Overlapping Block :
Bearish Overlapping Block :
🟣 Benefits of the Overlapping Block Between Order Block and Breaker Block
1. Enhanced Precision in Identifying Key Levels : The overlap between these two zones usually acts as a highly reliable area for price reactions, increasing the accuracy of identifying entry and exit points.
2. Reduced Trading Risk : Given the high importance of the overlap zone, the likelihood of making incorrect decisions is reduced, contributing to overall lower trading risk.
3. Increased Probability of Success : The overlap between Order Blocks and Breaker Blocks combines two powerful concepts, enhancing the likelihood of success in trades, as multiple indicators confirm the importance of the area.
4. Creation of Better Trading Opportunities : Overlap zones often provide traders with more robust trading opportunities, as these areas typically represent strong reversal points in the market.
5. Compatibility with Other Technical Tools : This concept seamlessly integrates with other technical analysis tools such as Fibonacci retracements, trend lines, and chart patterns, offering a more comprehensive market analysis.
🔵 Setting
🟣 Global Setting
Pivot Period of Order Blocks Detector : Enter the desired pivot period to identify the Order Block.
Order Block Validity Period (Bar) : You can specify the maximum time the Order Block remains valid based on the number of candles from the origin.
Mitigation Level Order Block : Determining the basic level of a Order Block. When the price hits the basic level, the Order Block due to mitigation.
Mitigation Level Breaker Block : Determining the basic level of a Breaker Block. When the price hits the basic level, the Breaker Block due to mitigation.
Mitigation Level Overlapping Block : Determining the basic level of a Overlapping Block. When the price hits the basic level, the Overlapping Block due to mitigation.
🟣 Overlapping Block Display
Show All Overlapping Block : If it is turned off, only the last Order Block will be displayed.
Demand Overlapping Block : Show or not show and specify color.
Supply Overlapping Block : Show or not show and specify color.
🟣 Order Block Display
Show All Order Block : If it is turned off, only the last Order Block will be displayed.
Demand Main Order Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
Supply Main Order Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
🟣 Breaker Block Display
Show All Breaker Block : If it is turned off, only the last Breaker Block will be displayed.
Demand Main Breaker Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
Supply Main Breaker Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
🟣 Order Block Refinement
Refine Order Blocks : Enable or disable the refinement feature. Mode selection.
🟣 Alert
Alert Name : The name of the alert you receive.
Alert Overlapping Block Mitigation :
On / Off
Message Frequency :
This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone :
The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The overlap between Order Blocks and Breaker Blocks represents a critical and powerful area in technical analysis that can serve as an effective tool for determining entry and exit points in trading.
These zones, due to the combination of two key concepts in technical analysis, hold significant importance and can help traders make more confident trading decisions.
Although this concept is not specifically discussed in the ICT framework and is introduced as a new idea, traders can achieve better results in their trades through practice and testing.
Utilizing the overlap between Order Blocks and Breaker Blocks, in conjunction with other technical analysis tools, can significantly improve the chances of success in trading.
Support Resistance - CryptoPredixHow this indicator works :
1. Setup and Inputs: The script sets up user inputs for various parameters such as pivot period (prd), pivot source (ppsrc), maximum channel width (ChannelW), maximum number of support/resistance levels (maxnumsr), minimum strength (min_strength), label location (labelloc), line style (linestyle), and line width (linewidth).Colors for support and resistance lines are also defined (supportcolor, resistancecolor).
2. Pivot Point Calculation: The script calculates pivot high and pivot low values based on the selected source (either High/Low or Close/Open).It uses the ta.pivothigh and ta.pivotlow functions to identify these pivot points over the specified period (prd).
3. Plotting Pivot Points: If the showpp option is enabled, the script plots pivot high and pivot low points on the chart using plotshape.
4. Managing Pivot Values: The script maintains an array (pivotvals) to store recent pivot values, ensuring the number of stored values does not exceed the maximum specified (maxnumpp).
5. Support and Resistance Zone Calculation: It calculates support and resistance zones by finding ranges of pivot values that fall within a specified channel width (cwidth).The function get_sr_vals returns the highest, lowest values, and the number of pivot points within the channel width.
6. Storing Support and Resistance Levels: The script manages arrays for support and resistance levels (sr_up_level, sr_dn_level) and their strength (sr_strength).It uses the check_sr function to ensure that new support/resistance levels are valid and don't overlap with existing ones unless they have higher strength.
7. Label and Line Management: The script dynamically updates labels and lines for the support and resistance levels, adjusting their positions, colors, and styles based on the latest data.It ensures the labels and lines are in sync with the current bar index and close price.
8. Identifying Crossings: Functions f_crossed_over and f_crossed_under check if the close price has crossed above or below the identified support or resistance levels.These functions iterate through the support/resistance arrays and check the conditions for crossing.
9. Alerts: The script sets up alert conditions to notify when the price crosses above a resistance level or below a support level.Alerts are configured with titles and messages ('Resistance Broken' and 'Support Broken').
10. Visualization: The script provides visual cues on the chart by plotting support and resistance lines with different styles and colors.It also dynamically updates labels to display the level values and their percentage distance from the current close price.
This script helps traders identify key support and resistance levels on a chart, providing both visual cues and alerts for significant price movements relative to these levels.
Dynamic Support/Resistance Zones [ChartPrime]Dynamic Support/Resistance Zones is a new way to visualize key support and resistance levels by analyzing pivot points. It aggregates these points into bins and uses different scoring methods to determine the strength of the zone. The Linear method treats every pivot the same, Time gives more importance to recent pivots, and Volume scores pivots based on trading activity.
It visually represents the strength of price zones using either a visual distribution or an overlay of colors. Areas with many aggregated pivots are marked using the High Color, indicating strong support or resistance. Fewer pivots are shown in Low Color, suggesting weaker levels. Users can also see the score using the distribution mode to more accurately determine the strength of these areas.
The indicator also includes a special moving average line, calculated from pivot prices and their weights. This gives a central pivot level, allowing you to see the average pivot position. We have also provided some smoothing for this line to make it easer to use.
We have included various options to tailor your analysis. These include selecting the scoring method for pivots and adjusting the number of pivots to consider, along with many visual aids. Traders can also set the level of filtering for the distribution of pivots. By default the filter isn't enabled but when it is enabled it allows for a less noisy experience at the expense of precision.
We have included four pivot periods that you can modify and toggle. The idea is that longer period pivots will enhance the strength of the shorter period ones providing a natural way to weight pivot levels. You can also specify whether you want to use pivot high, pivot low, or both in your analysis.
Here are some details on the key inputs:
Weighting Style: Choose how to score pivot points. Options include: Linear: Treats each pivot equally. Time: Gives more importance to recent pivots. Volume: Scores pivots based on trading volume.
Number of Pivots: Set the number of pivots to consider in the calculation. Both pivot highs and lows are treated separately.
Filtering: Adjust the level of filtering applied to the distribution of pivots. A higher value smooths the distribution, providing a cleaner visual representation at the cost of some precision. This setting is crucial for managing the trade-off between clarity and detail in the visualization of support and resistance zones.
Distribution Scale: Determines the scale of the distribution on the screen. It influences both the visual aspect and the precision of the calculations, allowing for a balance between visibility and analytical accuracy.
Manual Precision: Manually set the number of divisions within the range. This setting offers control over the granularity.
Auto Precision: When enabled, it automatically adjusts the precision based on the average range of a candle, ensuring a minimum level of detail in the visualization.
Show Distribution: Toggle the visibility of the distribution of pivot points. When activated, it provides a detailed visual representation of where pivots are concentrated.
Show Score in Distribution: Opt to display the actual score within the distribution. This feature adds a quantitative element to the visual representation, offering a clearer understanding of the pivot point concentration.
Distribution Overlay: Activate a heat map overlay to visualize the distribution of pivots. You can also adjusting the transparency of this overlay, providing a balanced view that does not obstruct the underlying price chart.
Show Support/Resistance: Enable lines that indicate identified support and resistance levels based on the aggregated pivots. This feature provides a clear, actionable insight directly on the chart.
S/R Zone Visibility: Choose to display the support/resistance zones and set their transparency. It offers an extended visual cue about the potential breadth of support or resistance areas.
Pivot Level Average: Introduce a moving average line that's calculated based on the weighted pivot levels. You can also adjust the smoothness of this line.
Dynamic Support/Resistance Zones is an intuitive and versatile trading indicator that offers a novel approach to identifying support and resistance levels by analyzing pivot points. It blends a variety of scoring methods, customizable visual representations, and a unique moving average line. With its customizable settings for pivot analysis, visual clarity, and precision, it's an nifty tool for traders looking to enhance their decision making with detailed and actionable insights.
Daily Pivots with Fakeout Protection█ OVERVIEW
The "Daily Pivots with Fakeout Protection" indicator is a powerful tool designed to help traders identify potential price breakouts and pivot levels on daily charts. This indicator calculates and displays daily pivot points along with breakout lines that are adjusted to provide a certain level of protection against fakeouts, which are false price movements that can mislead traders.
█ FEATURES
• Pivot Timeframe Selection: You can choose the timeframe for the pivot calculations. The default is set to daily (D), but you have the flexibility to select other timeframes as well.
• Fakeout Protection: A percentage-based parameter allows you to define the amount of protection you want against fakeouts. This helps filter out potentially unreliable breakouts.
• Bullish and Bearish Signals: The indicator distinguishes between bullish and bearish conditions by comparing the closing price to the daily high and low.
• Breakout Signals: Triangular symbols (upward and downward) appear below and above bars to signal potential breakout points. These are based on the closing price crossing the adjusted breakout lines.
• Visual Representation: Pivot points, daily high, and daily low are plotted on the chart, with distinctive line styles and colors for easy identification.
• Background Highlighting: The background color of the chart changes when a new period begins, helping you quickly recognize the start of a new trading day.
• Color-Coded Zones: The indicator colors the background around the closing price differently based on whether the market is bullish (green) or bearish (red).
█ HOW TO USE
1 — Apply the "Daily Pivots with Fakeout Protection" indicator to your TradingView chart.
2 — Customize the parameters like pivot timeframe and fakeout protection percentage according to your trading preferences.
3 — Watch for the triangular breakout symbols that appear above and below bars, indicating potential breakout points.
4 — Keep an eye on the pivot points, daily high, and daily low lines to understand price levels relevant to the current trading day.
5 — Use the background color changes to quickly identify the beginning of a new trading day and any potential shifts in market sentiment.
Note:
• This indicator is designed for daily charts but can be adjusted to work with other timeframes as well.
• Be cautious of relying solely on breakout signals; consider using additional technical and fundamental analysis for confirmation.
Start integrating the "Daily Pivots with Fakeout Protection" indicator into your trading strategy to enhance your ability to identify breakouts and pivot levels more effectively.
Divergence for Many Indicators v4Hello Traders,
Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time!
How it works?
- On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators.
- it search divergence on choisen indicators => RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, VWMACD, CMF and any External Indicator !
- it checks following divergences for 16 pivot points that is in last 100 bars for each Indicator.
--> Regular Positive Digergences
--> Regular Negative Digergences
--> Hidden Positive Digergences
--> Hidden Negative Digergences
- for positive divergences first it checks if closing price is higher than last closing price and indicator value is higher than perious value, then start searching divergence
- for negative divergences first it checks if closing price is lower than last closing price and indicator value is lower than perious value, then start searching divergence
Some Options:
Pivot Period: you set Pivot Period as you wish. you can see Pivot Points using "Show Pivot Points" option
Source for Pivot Points: you can use Close or High/Low as source
Divergence Type: you can choose Divergence type to be shown => "Regular", "Hidden", "Regular/Hidden"
Show Indicator Names: you have different options to show indicator names => "Full", "First Letter", "Don't Show"
Show Divergence Number: option to see number of indicators which has Divergence
Show Only Last Divergence : if you enable this option then it shows only last Positive and Negative Divergences
you can include any External Indicator to see if there is divergence
- enable "Check External Indicator"
- and then choose External indicator name in the list, "External Indicator"
- External indicator name is shown as Extrn
- related external indicator must be added before enabling this option
Coloring, line width and line style options for different type of divergences.
Following Alerts added:
- Positive Regular Divergence Detected
- Negative Regular Divergence Detected
- Positive Hidden Divergence Detected
- Negative Hidden Divergence Detected
Now lets see some examples:
Hidden Divergences:
Regular and Hidden Divergences together:
Showing first letters of indicators:
You can see only the number of indicators which has divergence:
You can see only divergence lines without indicators names and numbers:
option to used different label/line/text colors:
You have option to see only last divergences:
You can change Pivot Period, in following example Pivot Period = 15:
You can use Close or High/Low as Source for Divergence
You can include external indicators and get divergences on it:
Wish you all a happy new year!
Enjoy!
CPR_ATR_PIVOTIntroduction
What is so special about this variation of CPR is that it combines three indicators together. It has Central Pivot Range to understand market trend and for taking entry; Average True Range Stop line to identify the stop loss for any trade keeping in view volatility of the instrument; and Standard Pivot Points for profit targets. So overall it combines all essential ingredients for trading in a single indicator.
While CPR and Pivot values will remain fixed, the ATR period and multiple can be changed.
Central Pivot Range: is a useful intraday technical indicator which comprises 3 levels – a Central pivot point (pivot), Top central level (TC), and Bottom central level (BC).
These levels are calculated as follows:
TC = (Pivot – BC) + Pivot
Pivot = (High + Low + Close)/3
BC = (High + Low)/2
The 3 levels are calculated using 3 variables, High, Low, and Close price. When you add CPR levels in a stock’s chart, TC is highest, the pivot is at the center and BC is the lowest level. However, depending on market conditions TC’s value may be lower than BC.
The fundamental idea behind this indicator is that the particular day’s trading range captures everything about the market sentiment, and hence this range can be used to predict the price movement of the following days.
This indicator was first introduced by Mark Fisher in this book “The Logical Trader”. Frank Ochoa added another dimension, central pivot point to this indicator.
Practical Applications:
CPR Breakout:
Any high volume breakout above or below the TC and BC lines respectively indicates a high probability that the movement will continue.
CPR Width
The width of the CPR lines very accurately gives an idea of the expected price movement. If CPR width is narrow, that is the distance between TC and BC lines of CPR is very low, then it indicates a trending market. While if the distance between TC and BC lines is relatively higher it indicates sideways market.
CPR as Support and Resistance
CPR lines can also act as support and resistance. Market may takes support or resistance at the CPR and reverse.
ATR Stop: I am adding another useful indicator known as ATR stop with CPR. Once market takes support and resistance at the CPR, trade can be taken with stoploss under/above (as the case may be) the ATR stop line. It would help in absorbing the intraday volatility in a stock or instrument.
Pivot Points: Pivot points can be taken as target points where partial or full profit (depending upon market conditions and momentum) can be taken.
I hope this indicator would help some traders in taking better trading decisions.
Regards
jjsingh_2020
Wedge Pattern [Kodexius]Wedge Pattern is a chart-overlay indicator designed to detect and manage classic Rising Wedge (bearish) and Falling Wedge (bullish) structures using strict, rules-based validation. The script focuses on producing clean, tradable wedge prints by building both boundaries from confirmed pivot swings, enforcing a mandatory “no closes outside the wedge” condition during formation, and requiring the wedge apex to be projected into the future to avoid premature or distorted patterns.
This implementation is built for practical execution charts. It continuously updates the active wedge boundaries in real time, clearly labels the pattern type, and reacts decisively when price confirms a valid breakout. When enabled, it also projects a measured-move target derived from the wedge geometry, so the trader can quickly evaluate reward potential without manual projection.
The detection logic is intentionally conservative. Rather than printing every possible converging structure, it aims to identify wedges that respect structural integrity: multiple touches on each boundary, controlled price action inside the converging range, and a valid convergence point (apex) ahead of the current bar. The result is a wedge tool that prioritizes quality, readability, and consistent behavior across symbols and timeframes.
🔹 Features
🔸 Rising and Falling Wedge Detection (Trendline Based)
The indicator detects two wedge types by constructing an upper trendline from pivot highs and a lower trendline from pivot lows:
Rising Wedge (Bearish): both lines slope upward, and the lower line rises faster than the upper line, creating a tightening upward channel that typically resolves with a downside break.
Falling Wedge (Bullish): both lines slope downward, and the upper line falls faster than the lower line, producing a tightening downward channel that typically resolves with an upside break.
This slope relationship is the core wedge classifier. It ensures the script is not just drawing random converging lines, but explicitly requires the characteristic “compression” geometry that defines wedges.
🔸 Pivot-Confirmed Structure with User Control
Wedges are built from confirmed pivots using:
Pivot Left and Pivot Right inputs to control how “strict” a pivot must be.
Min. Touches per Line to enforce multiple confirmations on each boundary.
Standard technical analysis commonly requires at least three touches to validate a trendline. This script supports that workflow by requiring a minimum number of pivot points before a wedge is eligible for drawing.
🔸 Mandatory Integrity Rule: No Closes Outside the Boundaries
A key quality filter is applied before a wedge can be accepted:
During formation, no candle close is allowed outside the upper or lower boundary.
If any close is detected above the upper line or below the lower line (with tick tolerance), the candidate wedge is rejected. This prevents patterns that already “broke” before they were formally detected and reduces false positives caused by messy price action.
🔸 Apex Validation to Avoid Distorted Prints
The wedge apex (the projected intersection point of the two trendlines) must be in the future. This avoids degenerate cases where lines intersect behind current price, which often indicates the structure is not a valid wedge or is already past its useful phase.
🔸 Live Updating Boundaries for Active Patterns
Once a wedge becomes active, its upper and lower lines are extended forward bar by bar. The script recalculates the boundary price at the current bar index using the stored slope, then updates the line endpoints so the wedge remains visually accurate as time advances.
🔸 Breakout Engine with Directional Confirmation
The script differentiates between:
Correct breakout: the wedge breaks in the expected direction.
Rising wedge breaks downward (close below the lower boundary).
Falling wedge breaks upward (close above the upper boundary).
When this happens, the wedge is marked as broken and labeled as BREAKOUT on the chart.
🔸 Invalidation and Failure Handling
If price violates the wedge in the wrong direction, or if the wedge collapses into an impossible structure (upper boundary falls below or equals the lower boundary), the wedge is flagged as FAILED. This keeps signals honest and prevents lingering drawings that no longer represent a valid pattern.
🔸 Optional Target Projection (Measured Move)
When Show Target Projection is enabled, the script plots a dashed target line and a target label after a valid breakout. The target is computed as a measured move using the wedge height, projected from the breakout boundary in the breakout direction. This provides an immediate objective reference for potential continuation.
🔸 Clean Object Management and Chart Readability
To maintain clarity, the script manages the “active” wedge per type:
If a new wedge is detected while an older one is still active and not broken or failed, the old drawings are removed and replaced with the newer valid pattern.
This prevents chart clutter and keeps the display focused on the most relevant wedge structures.
🔹 Calculations
1) Pivot Collection
The script uses pivot functions to confirm swing points:
float ph = ta.pivothigh(high, INPUT_PIVOT_LEFT, INPUT_PIVOT_RIGHT)
float pl = ta.pivotlow(low, INPUT_PIVOT_LEFT, INPUT_PIVOT_RIGHT)
if not na(ph)
pivot_highs.push(Coordinate.new(bar_index - INPUT_PIVOT_RIGHT, ph))
if not na(pl)
pivot_lows.push(Coordinate.new(bar_index - INPUT_PIVOT_RIGHT, pl))
Each pivot is stored as a Coordinate containing:
index: the bar index where the pivot is confirmed
price: the pivot high or pivot low value
The arrays are capped (for example, last 20 pivots) to control memory and keep selection relevant.
2) Trendline Construction and Slope
A wedge candidate uses the earliest and latest required pivot points for each line. For each boundary, slope is computed as:
method calc_slope(Trendline this) =>
(this.end.price - this.start.price) / (this.end.index - this.start.index)
With slope known, the trendline value at any bar index is:
method get_price_at(Trendline this, int bar_idx) =>
this.start.price + this.slope * (bar_idx - this.start.index)
This approach allows the script to update wedge boundaries consistently without re-fitting lines on every bar.
3) Wedge Type Classification (Geometry Rules)
After both slopes are calculated, wedge type is determined by slope direction and relative steepness:
Rising wedge requires both slopes positive and lower slope greater than upper slope.
Falling wedge requires both slopes negative and upper slope more negative than lower slope (upper line falls faster).
In code logic:
if tl_up.slope > 0 and tl_lo.slope > 0 and tl_lo.slope > tl_up.slope
w_type := 1 // Rising
if tl_up.slope < 0 and tl_lo.slope < 0 and tl_up.slope < tl_lo.slope
w_type := 2 // Falling
This enforces converging boundaries and avoids simple parallel channels.
4) Apex Projection (Trendline Intersection)
The apex is the projected intersection x-coordinate of the two trendlines:
method get_apex_index(Wedge this) =>
float m1 = this.upper.slope
float m2 = this.lower.slope
float y1 = this.upper.start.price
float y2 = this.lower.start.price
int x1 = this.upper.start.index
int x2 = this.lower.start.index
float apex_x = (y2 - y1 + m1 * x1 - m2 * x2) / (m1 - m2)
math.round(apex_x)
Validation requires:
apex_idx > bar_index (apex must be in the future)
This prevents late or structurally invalid wedges from being activated.
5) Mandatory “No Close Outside” Validation
Before activation, the script verifies the pattern has not been violated by candle closes:
method check_violation(Wedge this, int from_idx, int to_idx) =>
bool violated = false
for i = from_idx to to_idx
float up_p = this.upper.get_price_at(i)
float lo_p = this.lower.get_price_at(i)
float c_p = close
if c_p > up_p + syminfo.mintick or c_p < lo_p - syminfo.mintick
violated := true
break
violated
Interpretation:
For every bar from wedge start to current bar, the close must remain between the projected upper and lower boundary prices.
A tick tolerance (syminfo.mintick) is used to reduce micro false violations.
6) Live Update and Breakout Detection
Once active, lines are extended to the current bar and boundary prices are computed:
float u_p = w.upper.get_price_at(bar_index)
float l_p = w.lower.get_price_at(bar_index)
bool b_up = close > u_p
bool b_dn = close < l_p
Correct breakout conditions:
Rising wedge breakout: close below lower boundary.
Falling wedge breakout: close above upper boundary.
if (w.is_rising and b_dn) or (not w.is_rising and b_up)
w.is_broken := true
Invalidation rules include:
wrong-direction break
boundary crossover (upper <= lower)
7) Target Projection (Measured Move)
If target display is enabled, the script calculates wedge height and projects a target from the breakout side:
float m = math.abs(w.upper.start.price - w.lower.get_price_at(w.upper.start.index))
float t = w.is_rising ? l_p - m : u_p + m
Interpretation:
m represents the wedge height near the start of the formation.
t is the target price, projected in the breakout direction.
Rising wedge: target below the lower boundary.
Falling wedge: target above the upper boundary.
A dashed target line and label are then placed forward in time for readability.
Iridescent Liquidity Prism [JOAT]Iridescent Liquidity Prism | Peer Momentum HUD
A multi-layered order-flow indicator that combines microstructure analysis, smart-money footprint detection, and intermarket momentum signals. The script uses dynamic color-shifting themes to visualize liquidity patterns, structure, and peer momentum data directly on the chart.
There is so much to choose from inside the settings, if you think it's a mess on the chart it's because you have to personally customize it based on your needs...
Core Functionality
The indicator calculates and displays several analytical layers simultaneously:
Order-Flow Imbalance (OFI): Calculates buy vs. sell volume pressure using volume-weighted price distribution within each bar. Uses an EMA filter (default: 55 periods) to smooth the signal. Values are normalized using standard deviation to identify significant imbalances.
Smart Money Footprints: Detects accumulation and distribution zones by comparing volume rate of change (ROC) against price ROC. When volume ROC exceeds a threshold (default: 65%) and price ROC is positive, accumulation is detected. When volume ROC is high but price ROC is negative, distribution is detected.
Fractal Structure Mapping: Identifies pivot highs and lows using a fractal detection algorithm (default: 5-bar period). Maintains a rolling window of recent structure points (default: 4 levels) and draws connecting lines to show trend structure.
Fair Value Gap (FVG) Detection: Automatically detects price gaps where three consecutive candles create an imbalance. Bullish FVGs occur when the current low exceeds the high two bars ago. Bearish FVGs occur when the current high is below the low two bars ago. Gaps persist for a configurable duration (default: 320 bars) and fade when price fills the gap.
Liquidity Void Detection: Identifies candles where the high-low range exceeds an ATR threshold (default: 1.7x ATR) while volume is below average (default: 65% of 20-bar average). These conditions suggest areas where liquidity may be thin.
Price/Volume Divergence: Uses linear regression to detect when price trend direction disagrees with volume trend direction. A divergence alert appears when price is trending up while volume is trending down, or vice versa.
Peer Momentum Heatmap (PMH): Calculates composite momentum scores for up to 6 symbols across 4 timeframes. Each score combines RSI (default: 14 periods) and StochRSI (default: 14 periods, 3-bar smooth) to create a momentum composite between -1 and +1. The highest absolute momentum score across all combinations is displayed in the HUD.
Custom settings using Fractal Pivots, Skeleton Structure, Pulse Liquidity Voids, Bottom Colorful HeatMaps, and Iridescent Field.
---
Visual Components
Spectrum Aura Glow: ATR-weighted bands (default: 0.25x ATR) that expand and contract around price action, indicating volatility conditions. The thickness adapts to market volatility.
Chromatic Flow Trail: A blended line combining EMA and WMA of price (default: 8-period EMA blended with WMA at 65% ratio). The trail uses gradient colors that shift based on a phase oscillator, creating an iridescent effect.
Volume Heat Projection: Creates horizontal volume profile bands at price levels (default: 14 levels). Scans recent bars (default: 150 bars) to calculate volume concentration. Each level is colored based on its volume density relative to the maximum volume level.
Structure Skeleton: Dashed lines connecting fractal pivot points. Uses two layers: a primary line (2-3px width) and an optional glow overlay (4-5px width) for enhanced visibility.
Fractal Markers: Diamond shapes placed at pivot high and low points. Color-coded: primary color for highs, secondary color for lows.
Iridescent Color Themes: Five color themes available: Iridescent (default), Pearlescent, Prismatic, ColorShift, and Metallic. Colors shift dynamically using a phase oscillator that cycles through the color spectrum based on bar index and a speed multiplier (default: 0.35).
---
HUD Console Metrics
The right-side HUD displays seven key metrics:
Flow: Shows OFI status: ▲ FLOW BUY when normalized OFI exceeds imbalance threshold (default: 2.2), ▼ FLOW SELL when below -2.2, or ◆ FLOW BAL when balanced.
Struct: Structure trend bias: ▲ STRUCT BULL when microtrend > 2, ▼ STRUCT BEAR when < -2, or ◆ STRUCT RANGE when neutral.
Smart$: Institutional activity: ◈ ACCUM when smart money index = 1, ◈ DISTRIB when = -1, or ○ IDLE when inactive.
Liquid: Liquidity state: ⚡ VOID when a liquidity void is detected, or ● NORMAL otherwise.
Diverg: Divergence status: ⚠ ALERT when price/volume divergence detected, or ✓ CLEAR when aligned.
PMH: Peer Momentum Heatmap status: Shows dominant timeframe and momentum score. Displays 🪩 for bull surge (above 0.55 threshold) or 🧨 for bear surge (below -0.55).
FVG: Fair Value Gap status: Shows active gap count or CLEAR when no gaps exist. Displays GAP LONG when bullish gap detected, GAP SHORT when bearish gap detected.
Pearlscent Color with Volume Heatmap.
Parameters and Settings
Microstructure Engine:
Analysis Depth: 20-250 bars (default: 55) - Controls OFI smoothing period
Liquidity Threshold ATR: 1.0-4.0 (default: 1.7) - Multiplier for void detection
Imbalance Ratio: 1.5-6.0 (default: 2.2) - Standard deviations for OFI significance
Smart Money Layer:
Smart Money Window: 10-150 bars (default: 24) - Period for ROC calculations
Accumulation Threshold: 40-95% (default: 65%) - Volume ROC threshold
Structural Mapping:
Fractal Pivot Period: 3-15 bars (default: 5) - Period for pivot detection
Structure Memory: 2-8 levels (default: 4) - Number of structure points to track
Volume Heat Projection:
Heat Map Lookback: 60-400 bars (default: 150) - Bars to analyze for volume profile
Heat Map Levels: 5-30 levels (default: 14) - Number of price level bands
Heat Map Opacity: 40-100% (default: 92%) - Transparency of heat map boxes
Heat Map Width Limit: 6-80 bars (default: 26) - Maximum width of heat map boxes
Heat Map Visibility Threshold: 0.0-0.5 (default: 0.08) - Minimum density to display
Iridescent Enhancements:
Visual Theme: Iridescent, Pearlescent, Prismatic, ColorShift, or Metallic
Color Shift Speed: 0.05-1.00 (default: 0.35) - Speed of color phase oscillation
Aura Thickness (ATR): 0.05-1.0 (default: 0.25) - Multiplier for aura band width
Chromatic Trail Length: 2-50 bars (default: 8) - Period for trail calculation
Trail Blend Ratio: 0.1-0.95 (default: 0.65) - EMA/WMA blend percentage
FVG Persistence: 50-600 bars (default: 320) - Bars to keep FVG boxes active
Max Active FVG Boxes: 10-200 (default: 40) - Maximum boxes on chart
FVG Base Opacity: 20-95% (default: 80%) - Transparency of FVG boxes
Peer Momentum Heatmap:
Peer Symbols: Comma-separated list of up to 6 symbols (e.g., "BTCUSD,ETHUSD")
Peer Timeframes: Comma-separated list of up to 4 timeframes (default: "60,240,D")
PMH RSI Length: 5-50 periods (default: 14)
PMH StochRSI Length: 5-50 periods (default: 14)
PMH StochRSI Smooth: 1-10 periods (default: 3)
Super Momentum Threshold: 0.2-0.95 (default: 0.55) - Threshold for surge detection
Clarity & Readability:
Liquidity Void Opacity: 5-90% (default: 30%)
Smart Money Footprint Opacity: 5-90% (default: 35%)
HUD Background Opacity: 40-95% (default: 70%)
Iridescent Field:
Field Opacity: 20-100% (default: 86%) - Background color intensity
Field Smooth Length: 10-200 bars (default: 34) - Smoothing for background gradient
---
Alerts
The indicator provides seven alert conditions:
Liquidity Void Detected - Triggers when void conditions are met
Strong Order Flow - Triggers when normalized OFI exceeds imbalance ratio
Smart Money Activity - Triggers when accumulation or distribution detected
Price/Volume Divergence - Triggers when divergence conditions occur
Structure Shift - Triggers when structure polarity changes significantly
PMH Bull Surge - Triggers when PMH exceeds positive threshold (if enabled)
PMH Bear Surge - Triggers when PMH exceeds negative threshold (if enabled)
Bull/Bear Prismatic FVG - Triggers when new FVG is detected (if FVG display enabled)
---
Usage Considerations
Performance may vary on lower timeframes due to the volume heat map calculations scanning multiple bars. Consider reducing heat map lookback or levels if experiencing slowdowns.
The PMH feature requires data requests to other symbols/timeframes, which may impact performance. Limit the number of peer symbols and timeframes for optimal performance.
FVG boxes automatically expire after the persistence period to prevent chart clutter. The maximum box limit (default: 40) prevents excessive memory usage.
Color themes affect all visual elements. Choose a theme that provides good contrast with your chart background.
The indicator is designed for overlay display. All visual elements are positioned relative to price action.
Structure lines are drawn dynamically as new pivots form. On fast-moving markets, structure may update frequently.
Volume calculations assume typical volume data availability. Symbols without volume may show incomplete data for volume-dependent features.
---
Technical Notes
Built on Pine Script v6 with dynamic request capability for PMH functionality.
Uses exponential moving averages (EMA) and weighted moving averages (WMA) for trail calculations to balance responsiveness and smoothness.
Volume profile calculation uses price level buckets. Higher levels provide finer granularity but require more computation.
Iridescent color engine uses a phase oscillator with sine wave calculations for smooth color transitions.
Box management includes automatic cleanup of expired boxes to maintain performance.
All visual elements use color gradients and transparency for smooth blending with price action.
---
Customization Examples
Intraday Scalping Setup:
Analysis Depth: 30 bars
Heat Map Lookback: 100 bars
FVG Persistence: 150 bars
PMH Window: 15 bars
Fast color shift speed: 0.5+
Macro Structure Tracking:
Analysis Depth: 100+ bars
Heat Map Lookback: 300+ bars
FVG Persistence: 500+ bars
Structure Memory: 6-8 levels
Slower color shift speed: 0.2
---
Limitations
Volume heat map calculations may be computationally intensive on lower timeframes with high lookback values.
PMH requires valid symbol names and accessible timeframes. Invalid symbols or timeframes will return no data.
FVG detection requires at least 3 bars of history. Early bars may not show FVG boxes.
Structure lines connect points but do not predict future structure. They reflect historical pivot relationships.
Color themes are aesthetic choices and do not affect calculation logic.
The indicator does not provide trading signals. All visual elements are analytical tools that require interpretation in context of market conditions.
Open Source
This indicator is open source and available for modification and distribution. The code is published with Pine Script v6 compliance. Users are free to customize parameters, modify calculations, and adapt the visual elements to their trading needs.
For questions, suggestions, or anything please talk to me in private messages or comments below!
Would love to help!
- officialjackofalltrades
Pivot Matrix & Multi-Timeframe Support-Resistance Analytics________________________________________
📘 Study Material for Pivot Matrix & Multi Timeframe Support-Resistance Analytics
(By aiTrendview — Educational Use Only)
________________________________________
🎯 Introduction
The Pivot Matrix & Multi Timeframe Support-Resistance Analytics indicator is designed to help traders visualize pivot points, support/resistance levels, VWAP, and volume flow analytics all in one place. Rather than giving explicit buy/sell calls, the dashboard provides reference insights so a learner may understand how different technical levels interact in real time.
This document explains its functionality step by step with formulas and usage guides.
________________________________________
1️⃣ Pivot System Logic
Pivot points are classic tools for mapping market support and resistance levels.
✦ How Calculated?
Using the Traditional Method:
• Pivot Point (PP):
PP=Highprev+Lowprev+Closeprev3PP = \frac{High_{prev} + Low_{prev} + Close_{prev}}{3}PP=3Highprev+Lowprev+Closeprev
• First Support/Resistance:
R1=2×PP−Lowprev,S1=2×PP−HighprevR1 = 2 \times PP - Low_{prev}, \quad S1 = 2 \times PP - High_{prev}R1=2×PP−Lowprev,S1=2×PP−Highprev
• Second Support/Resistance:
R2=PP+(Highprev−Lowprev),S2=PP−(Highprev−Lowprev)R2 = PP + (High_{prev} - Low_{prev}), \quad S2 = PP - (High_{prev} - Low_{prev})R2=PP+(Highprev−Lowprev),S2=PP−(Highprev−Lowprev)
• Third Levels:
R3=Highprev+2×(PP−Lowprev),S3=Lowprev−2×(Highprev−PP)R3 = High_{prev} + 2 \times (PP - Low_{prev}), \quad S3 = Low_{prev} - 2 \times (High_{prev} - PP)R3=Highprev+2×(PP−Lowprev),S3=Lowprev−2×(Highprev−PP)
• Similarly, R4/R5 and S4/S5 are extrapolated from extended range multipliers.
✦ How Used?
• Price above PP → bullish control bias.
• Price below PP → bearish control bias.
• R1–R5 levels act as resistances; S1–S5 act as supports.
Learners should watch how candles behave when approaching R/S zones to spot breakout vs. rejection conditions.
________________________________________
2️⃣ Multi Timeframe Logic
The indicator allows using daily-based pivot values (via request.security). This ensures alignment with institutional daily levels, not just intraday recalculations.
✦ Teaching Value
Understanding MTF pivots shows how markets respect higher timeframe levels (daily > intraday, weekly > daily). This helps learners grasp nested support-resistance structures.
________________________________________
3️⃣ VWAP (Volume Weighted Average Price)
Formula:
VWAPt=∑(Pricei×Volumei)∑(Volumei),Pricei=High+Low+Close3VWAP_t = \frac{\sum (Price_i \times Volume_i)}{\sum (Volume_i)}, \quad Price_i = \frac{High + Low + Close}{3}VWAPt=∑(Volumei)∑(Pricei×Volumei),Pricei=3High+Low+Close
Usage:
• VWAP is used as an institutional benchmark of fair value.
• Above VWAP = bullish flow.
• Below VWAP = bearish flow.
Learners should check whether price respects VWAP as a magnet or uses it as support/resistance.
________________________________________
4️⃣ Volume Flow Analysis
The script classifies buy volume, sell volume, and neutral volume.
• Buy Volume = if close > open.
• Sell Volume = if close < open.
• Neutral Volume = if close = open.
For daily tracking:
Buy%=DayBuyVolDayTotalVol×100,Sell%=DaySellVolDayTotalVol×100Buy\% = \frac{DayBuyVol}{DayTotalVol} \times 100, \quad Sell\% = \frac{DaySellVol}{DayTotalVol} \times 100Buy%=DayTotalVolDayBuyVol×100,Sell%=DayTotalVolDaySellVol×100
Usage for Learners:
• Dominant Buy% → accumulation/ bullish pressure.
• Dominant Sell% → distribution/ bearish pressure.
• Balanced → sideways liquidity building.
This teaches observation of order flow bias rather than relying only on price.
________________________________________
5️⃣ Dashboard Progress Bars & Colors
The script uses visual progress bars and dynamic colors for clarity. For example:
• VWAP Backgrounds: Green shades when price strongly above VWAP, Red when below.
• Volume Bars: More green blocks mean buying dominance, red means selling pressure.
This visual design turns concepts into easy-to-digest cues, useful for training.
________________________________________
6️⃣ Market Status Summary
Finally, the dashboard synthesizes all data points:
• Price vs Pivot (above or below).
• Price vs VWAP (above or below).
• Volume Pressure (buy side vs sell side).
Status Rule:
• If all three align bullish → Status box turns green.
• If mixed → Neutral grey.
• If bearish dominance → weaker tone.
Why Important?
This teaches learners that market conditions should align in confluence across indicators before confidence arises.
________________________________________
⚠️ Strict Disclaimer (aiTrendview)
The Pivot Matrix & Multi Timeframe Support-Resistance Analytics tool is developed by aiTrendview for strictly educational and research purposes.
❌ It does NOT provide buy/sell recommendations.
❌ It does NOT guarantee profits.
❌ Unauthorized use, copying, or redistribution of this code is prohibited.
⚠️ Trading Risk Warning:
• Trading involves high risk of financial loss.
• You may lose more than your capital.
• Past levels and indicators do not predict future outcomes.
This tool must be viewed as a visual education aid to practice technical analysis skills, not as trading advice.
________________________________________
✅ Now you have a step by step study guide:
• Pivot calculations explained
• VWAP with logic
• Volume breakdown
• Visual analytics
• Status confluence logic
• Disclaimer for compliance
________________________________________
⚠️ 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.
ZigZag█ Overview
This Pine Script™ library provides a comprehensive implementation of the ZigZag indicator using advanced object-oriented programming techniques. It serves as a developer resource rather than a standalone indicator, enabling Pine Script™ programmers to incorporate sophisticated ZigZag calculations into their own scripts.
Pine Script™ libraries contain reusable code that can be imported into indicators, strategies, and other libraries. For more information, consult the Libraries section of the Pine Script™ User Manual.
█ About the Original
This library is based on TradingView's official ZigZag implementation .
The original code provides a solid foundation with user-defined types and methods for calculating ZigZag pivot points.
█ What is ZigZag?
The ZigZag indicator filters out minor price movements to highlight significant market trends.
It works by:
1. Identifying significant pivot points (local highs and lows)
2. Connecting these points with straight lines
3. Ignoring smaller price movements that fall below a specified threshold
Traders typically use ZigZag for:
- Trend confirmation
- Identifying support and resistance levels
- Pattern recognition (such as Elliott Waves)
- Filtering out market noise
The algorithm identifies pivot points by analyzing price action over a specified number of bars, then only changes direction when price movement exceeds a user-defined percentage threshold.
█ My Enhancements
This modified version extends the original library with several key improvements:
1. Support and Resistance Visualization
- Adds horizontal lines at pivot points
- Customizable line length (offset from pivot)
- Adjustable line width and color
- Option to extend lines to the right edge of the chart
2. Support and Resistance Zones
- Creates semi-transparent zone areas around pivot points
- Customizable width for better visibility of important price levels
- Separate colors for support (lows) and resistance (highs)
- Visual representation of price areas rather than just single lines
3. Zig Zag Lines
- Separate colors for upward and downward ZigZag movements
- Visually distinguishes between bullish and bearish price swings
- Customizable colors for text
- Width customization
4. Enhanced Settings Structure
- Added new fields to the Settings type to support the additional features
- Extended Pivot type with supportResistance and supportResistanceZone fields
- Comprehensive configuration options for visual elements
These enhancements make the ZigZag more useful for technical analysis by clearly highlighting support/resistance levels and zones, and providing clearer visual cues about market direction.
█ Technical Implementation
This library leverages Pine Script™'s user-defined types (UDTs) to create a robust object-oriented architecture:
- Settings : Stores configuration parameters for calculation and display
- Pivot : Represents pivot points with their visual elements and properties
- ZigZag : Manages the overall state and behavior of the indicator
The implementation follows best practices from the Pine Script™ User Manual's Style Guide and uses advanced language features like methods and object references. These UDTs represent Pine Script™'s most advanced feature set, enabling sophisticated data structures and improved code organization.
For newcomers to Pine Script™, it's recommended to understand the language fundamentals before working with the UDT implementation in this library.
█ Usage Example
//@version=6
indicator("ZigZag Example", overlay = true, shorttitle = 'ZZA', max_bars_back = 5000, max_lines_count = 500, max_labels_count = 500, max_boxes_count = 500)
import andre_007/ZigZag/1 as ZIG
var group_1 = "ZigZag Settings"
//@variable Draw Zig Zag on the chart.
bool showZigZag = input.bool(true, "Show Zig-Zag Lines", group = group_1, tooltip = "If checked, the Zig Zag will be drawn on the chart.", inline = "1")
// @variable The deviation percentage from the last local high or low required to form a new Zig Zag point.
float deviationInput = input.float(5.0, "Deviation (%)", minval = 0.00001, maxval = 100.0,
tooltip = "The minimum percentage deviation from a previous pivot point required to change the Zig Zag's direction.", group = group_1, inline = "2")
// @variable The number of bars required for pivot detection.
int depthInput = input.int(10, "Depth", minval = 1, tooltip = "The number of bars required for pivot point detection.", group = group_1, inline = "3")
// @variable registerPivot (series bool) Optional. If `true`, the function compares a detected pivot
// point's coordinates to the latest `Pivot` object's `end` chart point, then
// updates the latest `Pivot` instance or adds a new instance to the `ZigZag`
// object's `pivots` array. If `false`, it does not modify the `ZigZag` object's
// data. The default is `true`.
bool allowZigZagOnOneBarInput = input.bool(true, "Allow Zig Zag on One Bar", tooltip = "If checked, the Zig Zag calculation can register a pivot high and pivot low on the same bar.",
group = group_1, inline = "allowZigZagOnOneBar")
var group_2 = "Display Settings"
// @variable The color of the Zig Zag's lines (up).
color lineColorUpInput = input.color(color.green, "Line Colors for Up/Down", group = group_2, inline = "4")
// @variable The color of the Zig Zag's lines (down).
color lineColorDownInput = input.color(color.red, "", group = group_2, inline = "4",
tooltip = "The color of the Zig Zag's lines")
// @variable The width of the Zig Zag's lines.
int lineWidthInput = input.int(1, "Line Width", minval = 1, tooltip = "The width of the Zig Zag's lines.", group = group_2, inline = "w")
// @variable If `true`, the Zig Zag will also display a line connecting the last known pivot to the current `close`.
bool extendInput = input.bool(true, "Extend to Last Bar", tooltip = "If checked, the last pivot will be connected to the current close.",
group = group_1, inline = "5")
// @variable If `true`, the pivot labels will display their price values.
bool showPriceInput = input.bool(true, "Display Reversal Price",
tooltip = "If checked, the pivot labels will display their price values.", group = group_2, inline = "6")
// @variable If `true`, each pivot label will display the volume accumulated since the previous pivot.
bool showVolInput = input.bool(true, "Display Cumulative Volume",
tooltip = "If checked, the pivot labels will display the volume accumulated since the previous pivot.", group = group_2, inline = "7")
// @variable If `true`, each pivot label will display the change in price from the previous pivot.
bool showChgInput = input.bool(true, "Display Reversal Price Change",
tooltip = "If checked, the pivot labels will display the change in price from the previous pivot.", group = group_2, inline = "8")
// @variable Controls whether the labels show price changes as raw values or percentages when `showChgInput` is `true`.
string priceDiffInput = input.string("Absolute", "", options = ,
tooltip = "Controls whether the labels show price changes as raw values or percentages when 'Display Reversal Price Change' is checked.",
group = group_2, inline = "8")
// @variable If `true`, the Zig Zag will display support and resistance lines.
bool showSupportResistanceInput = input.bool(true, "Show Support/Resistance Lines",
tooltip = "If checked, the Zig Zag will display support and resistance lines.", group = group_2, inline = "9")
// @variable The number of bars to extend the support and resistance lines from the last pivot point.
int supportResistanceOffsetInput = input.int(50, "Support/Resistance Offset", minval = 0,
tooltip = "The number of bars to extend the support and resistance lines from the last pivot point.", group = group_2, inline = "10")
// @variable The width of the support and resistance lines.
int supportResistanceWidthInput = input.int(1, "Support/Resistance Width", minval = 1,
tooltip = "The width of the support and resistance lines.", group = group_2, inline = "11")
// @variable The color of the support lines.
color supportColorInput = input.color(color.red, "Support/Resistance Color", group = group_2, inline = "12")
// @variable The color of the resistance lines.
color resistanceColorInput = input.color(color.green, "", group = group_2, inline = "12",
tooltip = "The color of the support/resistance lines.")
// @variable If `true`, the support and resistance lines will be drawn as zones.
bool showSupportResistanceZoneInput = input.bool(true, "Show Support/Resistance Zones",
tooltip = "If checked, the support and resistance lines will be drawn as zones.", group = group_2, inline = "12-1")
// @variable The color of the support zones.
color supportZoneColorInput = input.color(color.new(color.red, 70), "Support Zone Color", group = group_2, inline = "12-2")
// @variable The color of the resistance zones.
color resistanceZoneColorInput = input.color(color.new(color.green, 70), "", group = group_2, inline = "12-2",
tooltip = "The color of the support/resistance zones.")
// @variable The width of the support and resistance zones.
int supportResistanceZoneWidthInput = input.int(10, "Support/Resistance Zone Width", minval = 1,
tooltip = "The width of the support and resistance zones.", group = group_2, inline = "12-3")
// @variable If `true`, the support and resistance lines will extend to the right of the chart.
bool supportResistanceExtendInput = input.bool(false, "Extend to Right",
tooltip = "If checked, the lines will extend to the right of the chart.", group = group_2, inline = "13")
// @variable References a `Settings` instance that defines the `ZigZag` object's calculation and display properties.
var ZIG.Settings settings =
ZIG.Settings.new(
devThreshold = deviationInput,
depth = depthInput,
lineColorUp = lineColorUpInput,
lineColorDown = lineColorDownInput,
textUpColor = lineColorUpInput,
textDownColor = lineColorDownInput,
lineWidth = lineWidthInput,
extendLast = extendInput,
displayReversalPrice = showPriceInput,
displayCumulativeVolume = showVolInput,
displayReversalPriceChange = showChgInput,
differencePriceMode = priceDiffInput,
draw = showZigZag,
allowZigZagOnOneBar = allowZigZagOnOneBarInput,
drawSupportResistance = showSupportResistanceInput,
supportResistanceOffset = supportResistanceOffsetInput,
supportResistanceWidth = supportResistanceWidthInput,
supportColor = supportColorInput,
resistanceColor = resistanceColorInput,
supportResistanceExtend = supportResistanceExtendInput,
supportResistanceZoneWidth = supportResistanceZoneWidthInput,
drawSupportResistanceZone = showSupportResistanceZoneInput,
supportZoneColor = supportZoneColorInput,
resistanceZoneColor = resistanceZoneColorInput
)
// @variable References a `ZigZag` object created using the `settings`.
var ZIG.ZigZag zigZag = ZIG.newInstance(settings)
// Update the `zigZag` on every bar.
zigZag.update()
//#endregion
The example code demonstrates how to create a ZigZag indicator with customizable settings. It:
1. Creates a Settings object with user-defined parameters
2. Instantiates a ZigZag object using these settings
3. Updates the ZigZag on each bar to detect new pivot points
4. Automatically draws lines and labels when pivots are detected
This approach provides maximum flexibility while maintaining readability and ease of use.
[COG] WeatherForecaster🌤️ Just like a weather forecast that adjusts as new data emerges, this TMA Pivot Points Forecaster adapts to evolving market conditions!
Description:
This indicator combines the power of a Triple Moving Average (TMA) with pivot point analysis to identify potential market turning points and trend directions. Like a meteorologist using various atmospheric data to predict weather patterns, this tool analyzes price action through multiple lenses to forecast potential market movements.
Key Features:
- Dynamic TMA Line: Acts as our "atmospheric pressure system," showing the underlying market direction
- Adaptive Pivot Points: Like weather stations, these pivots identify key market levels where the "climate" might change
- Smart Entry Signals: ☀️ and 🌧️ icons appear when conditions align for potential trades
- Timeframe-Adaptive: Automatically adjusts sensitivity across different timeframes
- Customizable Visuals: Adjust colors and styles to match your trading environment
Settings Include:
✓ TMA Length and Slope Sensitivity
✓ Pivot Point Parameters
✓ Visual Customization Options
✓ Toggle Entry Signals
✓ Toggle Pivot Lines
Note: Like weather forecasts that update with new data, this indicator recalculates as market conditions evolve. Past signals may adjust as more price action develops. Always use proper risk management and combine with other analysis tools.
Usage Guide:
The indicator works best when used as part of a complete trading system. Here's how to interpret the signals:
📈 Bullish Conditions:
- TMA Line turns green: Indicates upward momentum
- "Buy above 🌋" level appears: Potential resistance turned support level
- ☀️ Signal: Indicates favorable buying conditions
📉 Bearish Conditions:
- TMA Line turns red: Indicates downward momentum
- "Sell below 🌋" level appears: Potential support turned resistance level
- 🌧️ Signal: Indicates favorable selling conditions
⏺️ Ranging Conditions:
- TMA Line turns yellow: Market in consolidation
- 💤 Signal: Suggests waiting for clearer direction
Best Practices:
1. Higher timeframes (4H, Daily) tend to produce more reliable signals
2. Use the pivot lines as potential entry/exit reference points
3. Adjust the TMA length based on your trading style:
• Shorter lengths (20-30) for more active trading
• Longer lengths (50-60) for trend following
Settings Explained:
TMA Settings:
- TMA Length: Determines the smoothing period (default: 30)
- Slope Threshold: Controls trend sensitivity (default: 0.015)
Pivot Settings:
- Left/Right Bars: Controls pivot point calculation
- Line Length: Adjusts the visual length of pivot lines
- Line Style & Colors: Customize the visual appearance
Disclaimer:
Past performance does not guarantee future results. This indicator, like any technical tool, provides possibilities rather than certainties. Please test thoroughly on your preferred timeframes and markets before using with real capital.
Waldo RSI Overlay :oWaldo RSI Overlay :o Indicator Guide
Welcome to the guide for the Waldo RSI Overlay :o indicator on TradingView. This tool enhances your trading analysis through RSI-based overlays for trend analysis, divergence detection, and breakout/breakdown signals when used with its companion indicator, Waldo RSI :o.
Key Features:
RSI Overlay:
• RSI Source: Choose from:
o ON RSI: Uses the RSI values directly to detect pivots, focusing on RSI highs and lows for trend analysis.
o ON HIGH, ON CLOSE, ON LOW, ON OPEN:
These options base pivot detection on price action at those specific points, offering an alternative market structure view.
• RSI Settings:
o Source: Default is (H+L)/2, but you can select any price for RSI calculation.
o Length: Default RSI length is 7, which you can adjust for sensitivity.
Trend Lines:
• Show Trend Lines: Toggle to display trend lines based on pivot points.
• Zigzag Length: Sets the sensitivity of pivot point detection.
• Confirm Length: Ensures the validity of pivot points (default is 3).
• Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL).
• Transparency and Line Width: Control how trend lines and fills appear.
• Label Size: Adjust the size of labels identifying pivot points.
Divergences:
• Classic Divergences:
o Show Classic Div: Enable to highlight regular divergences where price and RSI move in opposite directions.
o Colors: Define colors for bullish and bearish divergence lines and labels.
o Transparency and Line Width: Adjust the visual impact of divergence signals.
• Hidden Divergences:
o Similar settings as classic, but these highlight divergences indicating trend continuation.
Breakout/Breakdown:
• Show Breakout/Breakdown: When activated, this feature signals when the price breaks through previous highs or lows. To activate these breakouts, you need the companion indicator Waldo RSI :o, select the SRC in the External section, and select the crossovers for each one.
This combination provides RSI confirmation for breakout/breakdown events.
Overbought/Oversold Zones:
• Show Overbought and Oversold Zones: Bars are colored when RSI exceeds 70 (purple) or falls below 30 (blue), indicating potential market extremes.
Moving Averages (Optional):
• Show Moving Averages: Option to overlay two moving averages for trend confirmation.
• Source, Type, Length: Customize each MA's configuration.
Ghost Lines (Optional):
• Ghost Lines: When enabled, trend lines extend for only a specified period (Ghost Length) instead of indefinitely.
How to Use the Indicator:
1. Setup:
o Configure RSI settings by choosing the RSI Source and adjusting the RSI Length to suit your trading style.
o Set the Zigzag Length and Confirm Length for trend line sensitivity based on market volatility.
2. Trend Analysis:
o Look at the colored horizontal lines and fills for HH, LH, HL, LL to discern market structure and potential reversal points.
3. Divergence Detection:
o Identify divergences where price and RSI diverge. Regular divergences might signal trend exhaustion, while hidden ones could indicate trend persistence.
4. Breakout/Breakdown Signals:
o Ensure you have both the Waldo RSI Overlay :o and Waldo RSI :o indicators applied. Green triangles below bars signal breakouts; red ones above indicate breakdowns, based on price movement with RSI confirmation from the companion indicator.
5. Overbought/Oversold:
o Use these colored zones to spot potential momentum shifts or reversal areas.
6. Moving Averages on RSI:
o If used, these can help confirm trends or identify crossover signals for additional trade confirmation.
7. Ghost Lines:
o For a less cluttered chart, enable this to limit how far trend lines extend.
Tips for Usage:
• Always combine this indicator with other analytical tools for better confirmation. No single indicator should guide all decisions.
• Adjust settings according to the asset's behavior and your trading timeframe.
• Regularly review your settings as market dynamics change.
Remember, trading involves risk, and past performance doesn't predict future outcomes. Use this indicator within a comprehensive trading strategy.
Liquidity Zones [BigBeluga]This indicator is designed to detect liquidity zones on the chart by identifying significant pivot highs and lows filtered by volume strength. It plots these zones as boxes, highlighting areas where liquidity is likely to accumulate. The indicator also draws lines extending from these boxes, marking the levels where price may "grab" this liquidity. The size of these boxes can be dynamic, adjusting based on the volume size, offering a visual representation of market areas where traders might expect significant price reactions.
🔵 IDEA
The idea behind the Liquidity Zones indicator is to help traders identify key market levels where liquidity accumulates. Liquidity zones are areas where there are enough buy or sell orders that can potentially lead to significant price movements. By focusing on pivot points filtered by volume strength, the indicator aims to provide a clearer picture of where large players may have positioned their orders. This insight allows traders to anticipate potential market reactions, such as reversals or breakouts, when the price reaches these zones. The option for dynamic box height further refines the visualization, showing the extent of liquidity based on the volume's intensity.
🔵 KEY FEATURES & USAGE
◉ Volume-Filtered Pivot Highs and Lows:
The indicator scans for pivot highs and lows on the chart, filtering these points based on the volume strength setting (Low, Mid, High). This ensures that only the most significant liquidity zones, backed by notable trading volume, are highlighted. Traders can adjust the filter to focus on different levels of market activity, from small fluctuations to major volume spikes.
Low:
Mid:
High:
◉ Dynamic and Static Liquidity Zones:
Liquidity zones are plotted as boxes around pivot points, with an optional dynamic mode that adjusts the box height based on the normalized volume. This dynamic adjustment reflects the liquidity carried by the volume, making it easier to gauge the significance of each zone. In static mode, the boxes have a fixed height, providing a consistent visual reference for the zones.
◉ Color Intensity Based on Volume:
The indicator adjusts the color intensity of the liquidity zones based on the volume strength. Higher volume zones will be displayed with more intense colors, giving a visual cue to the strength of the liquidity present in that area. This makes it easier to differentiate between zones of varying importance at a glance, allowing traders to quickly identify where the market has the highest concentration of liquidity.
◉ Liquidity Grab Detection and Red Circles:
When the price interacts with a liquidity zone, the indicator detects whether liquidity has been "grabbed" at these levels. If the price moves into a zone and crosses a level, the box label changes to "Liquidity Grabbed," and the line marking the level becomes dashed.
Reversal Points:
The beginning of a trend:
Additionally marks these "liquidity grabs" with red circles, indicating both recent and past liquidity grabs. This feature helps traders identify areas where liquidity has been absorbed by the market, which may signal potential reversals or shifts in market direction.
◉ Dashboard Display:
A dashboard in the upper right corner of the chart provides an overview of the indicator's settings and status. It shows the number of plotted zones, as set in the input settings, and whether the dynamic mode is active. This quick reference helps traders stay informed about the indicator's configuration without needing to open the settings panel.
🔵 CUSTOMIZATION
Length & Zones Amount: Set the length for pivot detection and the maximum number of zones to be displayed on the chart. This allows you to control how many liquidity zones you want to monitor at any given time.
Volume Strength Filter: Adjust the filter to Low, Mid, or High to control the strength of volume required for a pivot to be considered a significant liquidity zone. Higher settings focus on zones with greater volume, indicating stronger liquidity.
Dynamic Distance Mode: Enable or disable the dynamic mode, which adjusts the box height based on the volume size. When dynamic mode is off, the boxes have a fixed height based on the ATR, offering a consistent visualization regardless of the volume size.
The Liquidity Zones indicator is a versatile tool for identifying areas of significant market activity, offering a clear view of where liquidity is likely to reside. By filtering these zones through volume strength and providing dynamic or static visualization options, it equips traders with insights into potential market reaction points, enhancing their ability to anticipate and respond to market movements. The varying color intensity based on volume further aids in quickly recognizing the most critical liquidity zones on the chart.
Pivot Channel Breaks [BigBeluga]Pivot Channel Break
The Pivot Channel Break indicator identifies key pivot points and creates a dynamic channel based on these pivots. It detects breakouts from this channel, providing potential entry and exit signals for traders.
🔵 How to Use
Channel Identification:
- Upper and lower channel lines drawn based on pivot highs and lows
- Channel width dynamically adjusted using ATR-like calculation
Breakout Signals:
- Upward breakout: Price closes above upper channel line
- Downward breakout: Price closes below lower channel line
- Signals shown as X marks on the chart
Pivot Points:
- High pivots marked with "H" triangles
- Low pivots marked with "L" triangles
Support & Resistance:
- Optional signals when price touches but doesn't break channel lines
Trend Visualization:
- Optional bar coloring based on the most recent breakout direction
🔵 Customization
• Pivot Right: Lookback period for pivot detection (default: 10)
• Pivot Left: Forward period for pivot confirmation (default: 40)
• Channel Width: Multiplier for channel width calculation (default: 1.0)
• Support & Resistance Signals: Toggle additional touch signals
• Bar Color: Enable/disable trend-based bar coloring
Calculation:
Detect pivot highs and lows using specified lookback periods
Calculate channel basis using 10-period SMA of close prices
Determine channel width using ATR-like calculation: RMA(high - low, 10) * width multiplier
Set channel lines based on pivot points and calculated deviations
Identify breakouts when price crosses beyond channel lines
The Pivot Channel Break indicator offers a dynamic approach to identifying potential trend changes and breakout opportunities. It combines pivot point analysis with a flexible channel calculation, providing traders with a visual tool for market structure analysis. Use this indicator in conjunction with other technical analysis methods to confirm signals and manage risk effectively.
Pivot Point Target Prices [SS]Hey everyone,
Back with another indicator!
I have been trying to do this indicator for like months (over 6 months). I gave up on it a few times and then finally reapproached it in a different way and was able to get it working successfully!
This is the pivot point target price indicator, let's get into how it works!
How it works:
The indicator keeps track of previous pivot highs and lows within your designated lookback timeframe. Using this data, it calculates the average difference between the pivot highs and pivot lows to give you an ATR range.
In addition to this, it tracks the standard deviation of this range. This allows the indicator to give us 3 price targets, 2 standard deviations below the anticipated target, the anticipated target (middle value) and 2 standard deviations above the anticipated target.
Here is a diagram:
I usually only look for the first target, which is the -2 standard deviation below the actual target, but having the added 2 gives some buffer room if a stock is particularly bullish or bearish.
How to use it:
You use this the same way you would pivot points, the only difference is this will show you target ranges to look for on a pivot low or pivot high.
There is some customizability, which I will explain below:
Customize bars: You have the ability to customize left and right bars for your pivot points. I personally like 15 and 15 but I know the most commonly used are 10 and 10.
ATR Length: The ATR Length is defaulted at 500. If you want to tighten up the length and give more conservative targets, you can shorten to between 75 and 150. If you want to be very aggressive with the targets, you can extend to 750 to 1,000.
Toggle on/off labels: You can choose to turn off the pivot labels if you wish.
Important note:
Many pivot indicators will show you pivot levels and use these as support and resistance. This indicator isn't doing that. Its combining ATR and Pivot Points. The ATR gives us the price targets by calculating the average range between pivot highs and pivot lows, and the pivot points are operating as usual.
And that's the indicator!
I hope you enjoy it, like I said it took me forever to get a functioning version of this, so hope you find it helpful!
Safe trades everyone!
