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Average True Range (ATR %) Stop Loss CalculatorThis indicator takes the average of a series of ATR to calculate what I would consider an optimum stop loss placement represented in percentage (read below for full overview). While the data is plotted what is most helpful are the actual numbers presented and for my charts I remove most of the plotting. This indicator is most helpful on the daily timeframe but can be used for all timeframes such as the 4HR, 1HR or even 15M. This indicator should not be used alone. It should be used in conjunction with proper price action analysis. It’s also a great indicator if you chart using Value Channels. Ideally you want your stop placement to be below at least one core Value Channel boundary range. In addition to standard support and resistance and some key moving averages the market respects. This also works best when trading with the prevailing BIAS of the instrument (bull or bear). Cryptos: Generally, that means you’re buying on retracements that fit the end of a structured move. The other option is using this in a clear up trending market where the pull backs are clearly being supported with buying. FOREX: I built another indicator for FOREX search: ATRPIPS with SL WTI: Helpful but I have different rules for when I trade WTI. I rely upon VCs and diagnal VCs much more when trading this. Equities: Helpful but with the increase of volatility as well as uncertainty of Bias of the market-- this should be used as more of a guide than What is most important is the actual percentage numbers but I've found graphing 1-3 of the actual ATRs is helpful. The rest just uncheck the checkbox in the options. Indicator Overview: Value 1 - 3 Period ATR (maroon) Value 2 - 7 Period ATR (green) Value 3 - 30 Period ATR (blue) Value 4 - 90 Period ATR (blue, bold) Value 5 - 1 Period ATR (green) Value 6 - 1 Period ATR (red) Value 6 – Prime Stop Loss Placement (maroon). This is the average of all above ATRs multiplied by 1.5 Value 7 - Move Left (red). Experimental value. This is the difference between (prime stop loss) and 1 day period move. Two ways to use this value. Use as a tighter stop loss placement. The other option is to use as a retrace target for purchase and using the Prime Stop Placement value as you’re stop loss. All ATRs use the LOW price of the period. After testing both the low and close I’ve settled on the low to capture the most volatility you will typically experience. Once again, this indicator should be used in conjunction with your proven trade system. Also, by knowing what the values are within the indicator you could just eye ball what would be the best stop placement depending on the ATR or 1 or 2 ATRs you find most represent the volatility of what you are trading. I will be expanding on this indicator by bringing in average measured moves as well as volume analysis and most likely with color changes and modifications. Background: While using and refining my trade system I've noticed that most moves happen in 3 periods. So we start there. The 7 period is good for a 24 hour market such as crypto (although weekend trading can be a hit or miss) and to some extent FOREX. The longer periods of 30 & 90 are to smooth out the data set. The final value of the 1 period is to bring a little more recency to the calculation. Why multiply the average by 1.5? I've found in my own trading and system I built to be the best placement (in conjunction with VCs) to ensure you're stop isn't to close and is within the instrument you are trading volatility . I'm looking at making this more intelligent as well as take into account volume and structured moves.
Indicatore Pine Script®
di RexDogActual
2
Breakout Scalper (Session)This is a twist on my on my Breakout Scalper strategy that limits trading to a user-configurable session Find the original "Continuous" version of the scalper here: The breakout scalper is based on "slow" and "fast" donchian periods. In this version, the "slow" donchian is in fact the Day's high/low. This important difference means that we will always be entering our trades at the day's high or low, so you are exposed to the price making new highs/lows but not to oscillations within the day's range. Furthermore, the scalper is modified to only enter trades after the start of the user-configured session. Any open trades are closed at the end of the user-configured session. The default session is set to 10:00 AM to 3:30 PM because that's when I like to trade.
Strategia Pine Script®
di ParCorn
3
0.382 Fibonacci Line of Trailing 1-year Price RangeYou may try adding this Line to your daily charts. It represents the 0.382 Fibonacci level of the trailing 1-year Price Range. If price is above this line, then it is in Bullish Territory and long entries can be looked for. According to backtesting I've done, price being above the 0.382 Fibonacci and/or the 200d sma are the 2 best determinants of qualifying an equity to be in Bullish Territory on the daily chart.
Indicatore Pine Script®
di ckochiya
3
(Quartile Vol.; Vol. Aggregation; Range US Bars; Gaps) [Kioseff]Hello! This indicator is a multifaceted tool that's, hopefully, useful for price action and volume analysis. (This script makes use of the newly introduced "text_font" parameter) With this script you'll have access to: Range US Chart Volume Aggregation Chart Gaps Chart Volume by Quartile Consequently, you'll have access to: First Quartile Volume Threshold Second Quartile Volume Threshold Third Quartile Volume Threshold 90th Percentile Volume Threshold Fourth Quartile Volume Threshold Q2 - Q1 Dispersion Q3 - Q2 Dispersion Q4 - Q3 Dispersion Quartile Deviation Interquartile Range Avg. "n" bar return following "high" volume Avg. "n" bar positive return following "high" volume Avg. "n" bar negative following "high" volume # of Positive Returns Following a Gap # of Negative Returns Following a Gap # of Gaps # of Up Gaps # of Down Gaps Average # of bars to fill Up Gaps Average # of bars to dill Down Gaps Average Gap Up % increase Average Gap Down % decrease Cumulative % increase of all Up Gaps Cumulative % decrease of all Down Gaps Sort gaps by distance from price Hide gaps that price substantially deviates from (gaps will reappear when price trades near the gap) Segment Range US bars by date Manually configure Range US price thresholds Identify "congestion" areas with Range US bars Range US Levels that must be exceeded for a new Range US bar to produce Manually configure cumulative volume threshold for Volume Aggregation bars Segment Volume Aggregation bars by date Largest Volume Aggregation bar increases Largest Volume Aggregation bar decreases Calculate log returns after "high" volume sessions Quartile Volume The Quartile Volume portion of the script segments price/volume intervals by quartile. The image above shows features of the indicator. For statistics, the following metrics are recorded: First Quartile Second Quartile Third Quartile 90th Percentile Fourth Quartile Q2 - Q1 Dispersion Q3 - Q2 Dispersion Q4 - Q3 Dispersion Quartile Deviation Interquartile Range Color-coordinated price bars (by volume quartiles) The percent rank for the volume of the current bar Avg. "n" bar return following "high" volume Avg. "n" bar positive return following "high" volume Avg. "n" bar negative following "high" volume The script colors bars via gradient. By default, bars are colored lime when volume for the interval is "high" (exceeds upper quartile thresholds). The greener the bar, the higher the volume for the interval. Bars are colored red when volume for the interval is "low" (fails to exceed lower quartile thresholds). The redder the bar, the lower the volume for the interval. Naturally, brownish-colored bars reflect a volume interval that concluded near the median. The image above exemplifies the process. This feature might be useful to categorize / objectively define high-volume clusters, low-volume clusters, high-volume price moves, low-volume price moves, etc. For greater precision, you can select to color bars by volume quartile they belong to. The image above shows color-coordinated price bars. More details shown in the image. Additionally, you can select to plot the quartile/percentile that a price bar belongs to on the chart. The image above shows price bars numbered by the volume quartile they belong to. The script will distinguish successive 90th percentile violations, superimpose a linear regression channel atop the data sequence, and record pertinent statistics. The image above shows the process. Lastly, the user can plot an anchored VWAP using a built-in time function. The image above shows the anchored VWAP. Range US Chart A Range US chart operates irrespective of time and volume - simply - bars produce after a user-defined price move is achieved/exceeded in either direction. A range us chart produces “trend candles” and “reversal candles”. A reversal candle always moves against the most immediate bar; a trend candle always moves in favor of the most immediate bar. The user defines the dollar amount price must travel up/down for a trend candle to fulfill, and for a reversal candle to fulfill. Note: if a “down reversal” candle (red) Is produced, it’s impossible for the next candle to also be a down reversal candle - for the downside move to continue the criteria for a down trend candle must be fulfilled. Similarly, if an “up reversal” candle (green) Is produced, it’s impossible for the next candle to also be an up reversal candle - for the upside move to continue, the criteria for an uptrend trend candle must be fulfilled. Consequently, Range US bars frequently trade at the same level for extended periods. This is intentional, as this chart type is theorized to “filter noise” (whether Range US charts fulfill this theory is to your discretion). Lastly, if an up trend candle (green) is produced, the next candle cannot be up a reversal up candle - only a trend up candle or reversal down candle can produce - vice versa for a trend down candle (the subsequent candle cannot be a reversal down candle). In this sense, an uptrend continues on successive trend up candles; a down trend continues on successive trend down candles. The image above exemplifies Range US chart functionality. The lower-right stats table shows the requisite price move for a "Trend" candle to produce and for a "Reversal" candle to produce. The default settings for this chart time automatically calculate the required "Trend" candle price move and the required "Reversal" candle price move. However, both settings are configurable. The image above shows manually configured parameters for a trend bar and reversal bar to produce. This feature allows the user to replicate the Range US chart hosted on extrinsic charting platforms. However, please consider that this script does not use tick data; 1-minute OHLC data is used for calculations. Consequently, configuring the trend bar and reversal bar requirement too low may return inaccurate data. For instance, if you set trend candles to form after a $1 price move then trend candles will form if price moves up $1 from a green Range US bar or down $1 from a red Range US bar. This is sufficient for lower priced assets; however, if you were trading, for instance, Bitcoin - a $1 price move can happen numerous times in one minute. This script can’t plot bars and record data until a 1-minute bar closes and a new 1-minute bar opens. Further, if Bitcoin moves up $1 twenty times and down $1 twenty times in a 1-minute bar - your Range US chart will record such variations as one price move. This data is inaccurate and likely useless. To counter this quandary, a warning message will appear if you configure trend bar price moves or reversal bar price moves too low. The image above shows the concealable warning message. The image above is a flow diagram (made with shaky hands) illustrating the Range US bar formation process. A google search will return additional information on the Range US chart type. Volume Aggregation Bars TradingView user and member of the TradingView Discord server @ferreirajames informed me of the Volume Aggregation chart type. The user commented in the "Suggestions" channel for the TradingView Discord server asking for the Volume Aggregation chart type. As an interim fix, I tried my hand at recreating the process, which is available in this script. Similar to the Range US chart type, Volume Aggregation bars aren’t bound to a time-axis; the bars form after a user-defined, cumulative amount of volume is achieved or exceeded. Consequently, once the cumulative amount of volume is achieved or exceeded - a bar is produced at the corresponding price level. Underlying theory: The chat type is conducive to identifying price levels where traders are “trapped”. Whether the process adequately distinguishes this circumstance is to your discretion. The image above exemplifies the Volume Aggregation chart type. Regardless of the current price, Volume Aggregation bars for after a requisite amount of volume is achieved/exceeded. Tick data isn't used; therefore, remainder values are carry over. By default, the script automatically calculates a proportional cumulative volume total to dictate the formation of Volume Aggregation bars. However, the cumulative threshold is configurable. The image above shows Volume Aggregation bars forming subsequent a user-defined cumulative volume total being exceeded. Note: This chart type uses OHLC data from the timeframe of your chart. Therefore, for instance, setting the volume threshold too low will produce inaccurate, useless data. A warning message will appear for such occurrence. Gaps The indicator incorporates a "Gaps" chart type. The image above shows accompanying features. A list of all unfilled gaps is accessible - gaps for this list are sorted by distance from current price. Partially filled gaps are displayed in the corresponding gap box - the percentage amount the gap was filled is also displayed. Gap statistics show: # of Gaps # of Up Gaps # of Down Gaps Average # of bars to fill Up Gaps Average # of bars to dill Down Gaps Average Gap Up % increase Average Gap Down % decrease Cumulative % increase of all Up Gaps Cumulative % decrease of all Down Gaps Naturally, there may be gaps formed thousands of bars ago that aren't close to price. Showing these gaps on the chart will "scrunch" the y-axis and make prices indistinguishable. I've added a setting that allows the user to hide gaps that are "n" % away from the current price. The gap, if unfilled, will reappear when price trades within the user-defined percentage. The image above shows an example. There's an unfilled down gap that's "hidden" because the current price is a further % away from price than what I've specified in the settings (1%). When prices trade back within 1% of the gap - it will reappear. The image above shows the process in action. Prices moved back within 1% (can be any %) of the gap; therefore, it reappeared on the chart. You can also set the % distance a gap must achieve for it to be considered a gap, recorded and plotted. Additionally, you can select to "visualize" gaps. Similar to the Range US chart and the Volume Aggregation chart, this setting will bars reflecting the most recent sequence of gaps - date and percentage distance of the gap are superimposed atop the bar. Let me know if there's anything else you'd like included! Note: The initial compilation time for this script is.... high. However, once the script's compiled, calculation load times are quick and you can sift through assets and timeframes relatively quick. There's also a setting to "Improve Load Times" in the user-inputs table. This setting only improves the load times for post-compilation calculations and plots. The initial compilation load time is unchanged. Simply, once the indicator has "first loaded", all subsequent loads are quick. Thank you! (:
Indicatore Pine Script®
di KioseffTrading
27
DB - Range Filter heikenashi Strategy DB - Range Filter Heikenashi Strategy Smart Filtering Meets Heiken-Ashi Precision for Adaptive Trend Breakouts This is not your average range filter strategy. Built from the ground up with adaptive signal logic and hybrid candle interpretation, this script merges range-based volatility filtering with Heiken-Ashi smoothing to isolate meaningful breakouts—while filtering out noise with surgical precision. 🔍 Key Innovations: • Dynamic Range Filtering Engine: Combines smoothed average range with directional bias to create high-confidence entries. • Candle Type Toggle: Choose between standard candles or Heiken-Ashi to shape your signals to your trading style. • Dual-Layer Trend Confirmation: Upward and downward movement counters ensure trend commitment before triggering entries. • Time-Filtered Backtesting: Easily isolate strategy performance within precise historical windows. • Optional Smart Stops: Add stop loss & take profit rules without changing the core logic—perfect for risk-managed deployment. 📈 Visual & Practical Features: • Multi-color bar analysis to identify strength, weakness, and transition zones. • Upper and lower dynamic bands for visualizing profit targets and range boundaries. • Buy/Sell signal labels with direction-aware logic to avoid choppy conditions. • Ideal for high-volatility assets (e.g., BTC) on short timeframes, but fully tunable for any market. Built for traders who value clarity over chaos, this strategy aims to reduce false signals and offer a cleaner execution framework for trend followers and breakout scalpers alike. > Make volatility your ally, not your enemy.
Strategia Pine Script®
di DefiBanked
1
NY Opening Range Breakout - MA StopCore Concept This strategy trades breakouts from the New York opening range (9:30-9:45 AM NY time) on intraday timeframes, designed for scalping and day trading. Setup Requirements Timeframe: Works on any timeframe under 15 minutes (1m, 2m, 3m, 5m, 10m) Session: New York market hours Range Period: 9:30-9:45 AM NY time (15-minute opening range) Entry Rules Long Entries: Wait for a candle to close above the opening range high Enter long on the next candle (before 12:00 PM NY time) Must be above moving average if using MA-based take profit Short Entries: Wait for a candle to close below the opening range low Enter short on the next candle (before 12:00 PM NY time) Must be below moving average if using MA-based take profit Risk Management Stop Loss: Long trades: Opening range low Short trades: Opening range high Take Profit Options: Fixed Risk Reward: 1.5x the range size (customizable ratio) Moving Average: Exit when price crosses back through MA Both: Whichever comes first Key Features Trade Direction Options: Long Only Short Only Both directions Moving Average Filter: Prevents entries that would immediately hit stop loss Uses EMA/SMA/WMA/VWMA with customizable length Acts as dynamic support/resistance Time Restrictions: No entries after 12:00 PM NY time (customizable cutoff) One trade per direction per day Daily reset of all variables Visual Elements Red/green lines showing opening range Purple line for moving average Entry and breakout signals with shapes Take profit and stop loss levels plotted Information table with current status Strategy Logic Flow Morning: Capture 9:30-9:45 range high/low Wait: Monitor for breakout (previous candle close outside range) Filter: Check MA condition if using MA-based exits Enter: Trade on next candle after breakout Manage: Exit at fixed TP, MA cross, or stop loss Reset: Start fresh next trading day This is a momentum-based breakout strategy that capitalizes on early market volatility while using the opening range as natural support/resistance levels.
Strategia Pine Script®
di shui2967
1
True Range eXpansion🕯️ TRX — True Range eXpansion Clean Candle Bodies · Volatility Bands · Adaptive Range Envelope System Not your grandfather’s candles. Not your brokerage’s bands. ---------------------------------------------------- TRX begins with a simple concept: visualize the true range of every candle, without the noise of flickering wicks. From there, it grows into a fully adaptive price visualization framework. What started as a candle-only visualizer evolved into a modular, user-controlled price engine. From wickless candle clarity to dynamic volatility envelopes, TRX adapts to you. There are plenty of band and channel indicators out there — Bollinger, Keltner, Donchian, Envelope, the whole crew. But none of them are built on the true candle range, adaptive ATR shaping, and full user control like TRX. This isn’t just another indicator — it’s a new framework. Most bands and channels are based on close price and statistical deviation — useful, but limited. TRX uses the full true range of each candle as its foundation, then applies customizable smoothing and directional ATR scaling to form a dynamic, volatility-reactive envelope. The result? Bands that breathe with the market — not lag behind it. ---------------------------------------------------- 🔧 Core Features: 🕯️ True Range Candles — Each candle is plotted from low to high, body-only, colored by open/close. 📈 Adjustable High/Low Moving Averages — Select your smoothing style: SMA, EMA, WMA, RMA, or HMA. 🌬️ ATR-Based Expansion — Bands dynamically breathe based on market volatility. 🔀 Per-Band Multipliers — Fine-tune expansion individually for the upper and lower bands. ⚖️ Basis Line — Optional centerline between bands for structure tracking and equilibrium zones. 🎛️ Full Visual Control — Width, transparency, color, on/off toggles for each element. ---------------------------------------------------- 🧠 Default Use Case: With the included default settings, TRX behaves like an evolved Bollinger Band system — based on True Range candle structure, not just close price and standard deviation. ---------------------------------------------------- 🔄 How to Zero Out the Bands (for Minimalist Use): Want just candles? A clean MA? Single band? You got it. ➤ Use TRX like a clean moving average: • Set ATR Multiplier to 0 • Set both Band ATR Adjustments to 0 • Leave the Basis Line ON or OFF — your call ➤ Show only candles (no bands at all): • Turn off "Show High/Low MAs" • Turn off Basis Line ➤ Single-line ceiling or floor tracking: • Set one band’s Transparency to 100 • Use the remaining band as a price envelope or support/resistance guide ---------------------------------------------------- 🧬 Notes: TRX can be made: • Spiky or silky (via smoothing & ATR) • Wide or tight (via multipliers) • Subtle or aggressive (via color/transparency) • Clean as a compass or dirty as a chaos meter Built by accident. Tuned with intention. Released to the world as one of the most adaptable and expressive visual overlays ever made. Created by Sherlock_MacGyver
Indicatore Pine Script®
di Sherlock_MacGyver
Opening Range and Market BoundariesOpening Range and Market Boundaries This versatile and insightful indicator combines two powerful concepts frequently used by professional traders: Opening Range Analysis and Market Boundaries derived from previous high/low levels. It is specifically designed to support intraday trading strategies and helps you identify key price zones for entries, exits, and breakout confirmations. 🔍 Features & Utility 1. Opening Range Box What it does: Highlights the high and low of the first candle after market open (9:15 AM IST) with a shaded box. This box spans the full trading session, from 9:15 AM to 3:30 PM, representing the key price range where the initial balance is formed. Timeframe Compatibility: The Opening Range box is optimized for 1-minute to 1-hour charts. It is most effective on lower timeframes (1m, 5m, 15m, 30m) where intraday price movements and breakout patterns can be clearly observed. Usage Tips: Breakouts above or below the Opening Range box can signal potential directional bias for the rest of the trading day. Price consolidating within the range may indicate a choppy or range-bound session. Works well with volume and momentum indicators for confirmation. 2. Market Boundaries What it does: Plots horizontal lines at: Previous Day High/Low Previous Week High/Low Previous Month High/Low Why it matters: These levels act as natural support and resistance zones, and are commonly watched by institutional traders, making them crucial for: Spotting reversals or breakouts Planning stop-loss and target zones Avoiding trades around high-rejection areas Customization Options: Toggle ON/OFF for Daily, Weekly, and Monthly levels. Independent colors and line thickness for each level, enabling you to distinguish between different timeframes easily. 🛠️ How to Use Effectively Use during market open: Switch to a 5-minute or 15-minute chart during the first few candles of the session. Observe the Opening Range box formation and plan trades based on breakout direction. Confluence Trading: Look for price action near previous session highs/lows in confluence with the Opening Range box edges. These intersections often become high-probability zones for breakouts or reversals. Session Preparation: Before the market opens, analyze where the price is relative to past high/low boundaries. If it's near a weekly/monthly level, be cautious — those areas can cause whipsaws or false breakouts. Avoid low-volume breakouts: Use this indicator in conjunction with volume tools or price action confirmation to validate the strength of a move outside the Opening Range or Market Boundaries. 📌 Summary This indicator is designed for intraday traders, scalpers, and swing traders who want a reliable structure to guide their decisions. It visually marks the opening balance of the market and essential higher timeframe boundaries, helping you trade with discipline and precision.
Indicatore Pine Script®
di jochacko11
4
[blackcat] L3 Twin Range Filter ProOVERVIEW The L3 Twin Range Filter Pro indicator enhances trading strategies by filtering out market noise through a sophisticated dual-range approach. Unlike previous versions, this script not only provides clear visual indications of buy/sell signals but also incorporates a dynamic trend range filter line. By averaging two smoothed exponential moving averages—one fast and one slow—the indicator generates upper and lower range boundaries that adapt to changing market conditions. Traders can easily spot buy/sell opportunities when the closing price crosses these boundaries, supported by configurable alerts for real-time notifications. FEATURES Dual-Range Calculation: Combines fast and slow moving averages to create adaptive range boundaries. Customizable Parameters: Periods: Adjustable lengths for fast (default 9 bars) and slow (default 34 bars) moving averages. Multipliers: Coefficients to modify the distance of the trailing lines from the price. Dynamic Trend Range Filter Line: Visually displays buy/sell signals directly on the chart. Trailing Stop Loss Logic: Automatically follows price movements to act as a trailing stop loss indicator. Trade Signals: Clearly indicates buy/sell points with labeled signals. Alerts: Configurable notifications for buy/sell signals to keep traders informed. Visual Enhancements: Colored fills and dynamic boundary lines for easy interpretation. HOW TO USE Add the L3 Twin Range Filter Pro indicator to your TradingView chart. Customize the input parameters: Price Source: Choose the desired price source (e.g., Close). Show Trade Signals: Toggle on/off for displaying buy/sell labels. Fast Period: Set the period for the fast moving average (default 9 bars). Slow Period: Set the period for the slow moving average (default 34 bars). Fast Range Multiplier: Adjust the multiplier for the fast moving average. Slow Range Multiplier: Adjust the multiplier for the slow moving average. Monitor the plotted trend range filter and dynamic boundaries on the chart. Identify buy/sell signals based on the crossing of price and range boundaries. Configure alerts for real-time notifications when signals are triggered. TRADE LOGIC BUY Signal: Triggered when the price is higher than or equal to the upper range level. The indicator line will trail just below the price, acting as a trailing stop loss. SELL Signal: Triggered when the price is lower than or equal to the lower range level. The indicator line will trail just above the price, serving as a trailing stop loss. LIMITATIONS The performance of this indicator relies on the selected periods and multipliers. Market volatility can impact the accuracy of the signals. Always complement this indicator with other analytical tools for robust decision-making. NOTES Experiment with different parameter settings to optimize the indicator for various market conditions. Thoroughly backtest the indicator using historical data to ensure its compatibility with your trading strategy. THANKS A big thank you to Colin McKee for his foundational work on the Twin Range Filter! Your contributions have paved the way for enhanced trading tools. 🙏📈🔍
Indicatore Pine Script®
di blackcat1402
True Range Orginal📌 Description – True Range Original This indicator calculates the range (price spread) of the last N candles and displays it directly on the chart, along with suggested dynamic stop-loss levels based on recent volatility. Ideal for scalpers and day traders working on short timeframes such as 1-minute charts. 🔍 Features: Calculates the difference between the highest high and lowest low of the last N bars (default: 15). Plots a floating label with the current range value, updated every 5 candles. Displays 4 dynamic stop levels: For long positions: Stop at 1x range (green line) Stop at 1.5x range (light green line) For short positions: Stop at 1x range (red line) Stop at 1.5x range (dark red line) ⚙️ Inputs: Range period (number of bars) Stop multiplier 1 (default: 1.0) Stop multiplier 2 (default: 1.5) 📈 Usage: This tool helps you size your stop-loss dynamically based on recent price action instead of using fixed values. It can be used alone or in combination with other tools like support/resistance, volume, or aggression indicators.
Indicatore Pine Script®
di EduWarlock
Weekly Open Range [BigBeluga] A precision weekly range tracker that captures early market positioning from the first moments of the trading week. By dynamically measuring the highest and lowest points from the first three candles after the Sunday 21:00 UTC open, the indicator builds a reactive support and resistance framework for the week ahead. It also visualizes the active range with a dynamic box and provides live updates of the current price movement against the established range boundaries. 🔵 KEY FEATURES Automatically marks the weekly open range starting at Sunday 21:00 UTC . Identify maximum high and minimum low from the first 3 candles after the weekly open. if isWeeklyOpen or isWeeklyOpen or isWeeklyOpen or isWeeklyOpen h = math.max(high, range_box.get_top()) l = math.min(low, range_box.get_bottom()) Draws two horizontal lines from the range extremes, acting as dynamic support/resistance zones throughout the week. Visualizes the range with a semi-transparent box for clear zone identification. Includes a compact dashboard panel with: - Symbol and current price with bullish or bearish bar indication with ▲ / ▼ - Current weekly high/low range values 🔵 USAGE Treat the high and low of the range as support/resistance zones for the week. Combine with volume analysis or liquidity tools for entry confirmation . Refresh your key levels every week as the indicator resets each Sunday night . Works great alongside Smart Money Concepts (ICT) strategies and weekly planning. Weekly Open Range gives traders a reliable structure to anchor their week. With clear range mapping, breakout signals, and intuitive visuals, it becomes a valuable part of any strategic trading approach—especially when precision timing around liquidity zones is key.
Indicatore Pine Script®
di BigBeluga
5
Volume Range Profile with Fair Value (Zeiierman)█ Overview The Volume Range Profile with Fair Value (Zeiierman) is a precision-built volume-mapping tool designed to help traders visualize where institutional-level activity is occurring within the price range — and how that volume behavior shifts over time. Unlike traditional volume profiles that rely on fixed session boundaries or static anchors, this tool dynamically calculates and displays volume zones across both the upper and lower ends of a price range, revealing point-of-control (POC) levels, directional volume flow, and a fair value drift line that updates live with each candle. You’re not just looking at volume anymore. You’re dissecting who’s in control — and at what price. ⚪ In simple terms: Upper Zone = The upper portion of the price range, showing concentrated volume activity — typically where selling or distribution may occur Lower Zone = The lower portion of the price range, highlighting areas of high volume — often associated with buying or accumulation POC Bin = The bin (price level) with the highest traded volume in the zone — considered the most accepted price by the market Fair Value Trend = A dynamic trend line tracking the average POC price over time — visualizing the evolving fair value Zone Labels = Display real-time breakdown of buy/sell volume within each zone and inside the POC — revealing who’s in control █ How It Works ⚪ Volume Zones Upper Zone: Anchored at the highest high in the lookback period Lower Zone: Anchored at the lowest low in the lookback period Width is user-defined via % of range Each zone is divided into a series of volume bins ⚪ Volume Bins (Histograms) Each zone is split into N bins that show how much volume occurred at each level: Taller = More volume The POC bin (Point of Control) is highlighted Labels show % of volume in the POC relative to the whole zone ⚪ Buy vs Sell Breakdown Each volume bin is split by: Buy Volume = Close ≥ Open Sell Volume = Close < Open The script accumulates these and displays total Buy/Sell volume per zone. ⚪ Fair Value Drift Line A POC trend is plotted over time: Represents where volume was most active across each range Color changes dynamically — green for rising, red for falling Serves as a real-time fair value anchor across changing market structure █ How to Use ⚪ Identify Key Control Zones Use Upper/Lower Zone structures to understand where supply and demand is building. Zones automatically adapt to recent highs/lows and re-center volume accordingly. ⚪ Follow Institutional Activity Watch for POC clustering near price tops or bottoms. Large volumes near extremes may indicate accumulation or distribution. ⚪ Spot Fair Value Drift The fair value trend line (average POC price) gives insight into market equilibrium. One strategy can be to trade a re-test of the fair value trend, trades are taken in the direction of the current trend. █ Understanding Buy & Sell Volume Labels (Zone Totals) These labels show the total buy and sell volume accumulated within each zone over the selected lookback period: Buy Vol (green label) → Total volume where candles closed bullish Sell Vol (red label) → Total volume where candles closed bearish Together, they tell you which side dominated: Higher Buy Vol → Bullish accumulation zone Higher Sell Vol → Bearish distribution zone This gives a quick visual insight into who controlled the zone, helping you spot areas of demand or supply imbalance. █ Understanding POC Volume Labels The POC (Point of Control) represents the price level where the most volume occurred within the zone. These labels break down that volume into: Buy % – How much of the volume was buying (price closed up) Sell % – How much was selling (price closed down) Total % – How much of the entire zone’s volume happened at the POC Use it to spot strong demand or supply zones: High Buy % + High Total % → Strong buying interest = likely support High Sell % + High Total % → Strong selling pressure = likely resistance It gives a deeper look into who was in control at the most important price level. █ Why It’s Useful Track where fair value is truly forming Detect aggressive volume accumulation or dumping Visually split buyer/seller control at the most relevant price levels Adapt volume structures to current trend direction █ Settings Explained Lookback Period: Number of bars to scan for highs/lows. Higher = smoother zones, Lower = reactive. Zone Width (% of Range): Controls how much of the range is used to define each zone. Higher = broader zones. Bins per Zone: Number of volume slices per zone. Higher = more detail, but heavier on resources. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Indicatore Pine Script®
di Zeiierman
12
Enhanced Range Filter Strategy with ATR TP/SLBuilt by Omotola ## **Enhanced Range Filter Strategy: A Comprehensive Overview** ### **1. Introduction** The **Enhanced Range Filter Strategy** is a powerful technical trading system designed to identify high-probability trading opportunities while filtering out market noise. It utilizes **range-based trend filtering**, **momentum confirmation**, and **volatility-based risk management** to generate precise entry and exit signals. This strategy is particularly useful for traders who aim to capitalize on trend-following setups while avoiding choppy, ranging market conditions. --- ### **2. Key Components of the Strategy** #### **A. Range Filter (Trend Determination)** - The **Range Filter** smooths price fluctuations and helps identify clear trends. - It calculates an **adjusted price range** based on a **sampling period** and a **multiplier**, ensuring a dynamic trend-following approach. - **Uptrends:** When the current price is above the range filter and the trend is strengthening. - **Downtrends:** When the price falls below the range filter and momentum confirms the move. #### **B. RSI (Relative Strength Index) as Momentum Confirmation** - RSI is used to **filter out weak trades** and prevent entries during overbought/oversold conditions. - **Buy Signals:** RSI is above a certain threshold (e.g., 50) in an uptrend. - **Sell Signals:** RSI is below a certain threshold (e.g., 50) in a downtrend. #### **C. ADX (Average Directional Index) for Trend Strength Confirmation** - ADX ensures that trades are only taken when the trend has **sufficient strength**. - Avoids trading in low-volatility, ranging markets. - **Threshold (e.g., 25):** Only trade when ADX is above this value, indicating a strong trend. #### **D. ATR (Average True Range) for Risk Management** - **Stop Loss (SL):** Placed **one ATR below** (for long trades) or **one ATR above** (for short trades). - **Take Profit (TP):** Set at a **3:1 reward-to-risk ratio**, using ATR to determine realistic price targets. - Ensures volatility-adjusted risk management. --- ### **3. Entry and Exit Conditions** #### **📈 Buy (Long) Entry Conditions:** 1. **Price is above the Range Filter** → Indicates an uptrend. 2. **Upward trend strength is positive** (confirmed via trend counter). 3. **RSI is above the buy threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **📉 Sell (Short) Entry Conditions:** 1. **Price is below the Range Filter** → Indicates a downtrend. 2. **Downward trend strength is positive** (confirmed via trend counter). 3. **RSI is below the sell threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **🚪 Exit Conditions:** - **Stop Loss (SL):** - **Long Trades:** 1 ATR below entry price. - **Short Trades:** 1 ATR above entry price. - **Take Profit (TP):** - Set at **3x the risk distance** to achieve a favorable risk-reward ratio. - **Ranging Market Exit:** - If ADX falls below the threshold, indicating a weakening trend. --- ### **4. Visualization & Alerts** - **Colored range filter line** changes based on trend direction. - **Buy and Sell signals** appear as labels on the chart. - **Stop Loss and Take Profit levels** are plotted as dashed lines. - **Gray background highlights ranging markets** where trading is avoided. - **Alerts trigger on Buy, Sell, and Ranging Market conditions** for automation. --- ### **5. Advantages of the Enhanced Range Filter Strategy** ✅ **Trend-Following with Noise Reduction** → Helps avoid false signals by filtering out weak trends. ✅ **Momentum Confirmation with RSI & ADX** → Ensures that only strong, valid trades are executed. ✅ **Volatility-Based Risk Management** → ATR ensures adaptive stop loss and take profit placements. ✅ **Works on Multiple Timeframes** → Effective for day trading, swing trading, and scalping. ✅ **Visually Intuitive** → Clearly displays trade signals, SL/TP levels, and trend conditions. --- ### **6. Who Should Use This Strategy?** ✔ **Trend Traders** who want to enter trades with momentum confirmation. ✔ **Swing Traders** looking for medium-term opportunities with a solid risk-reward ratio. ✔ **Scalpers** who need precise entries and exits to minimize false signals. ✔ **Algorithmic Traders** using alerts for automated execution. --- ### **7. Conclusion** The **Enhanced Range Filter Strategy** is a powerful trading tool that combines **trend-following techniques, momentum indicators, and risk management** into a structured, rule-based system. By leveraging **Range Filters, RSI, ADX, and ATR**, traders can improve trade accuracy, manage risk effectively, and filter out unfavorable market conditions. This strategy is **ideal for traders looking for a systematic, disciplined approach** to capturing trends while **avoiding market noise and false breakouts**. 🚀
Strategia Pine Script®
di Forexbros22
1
EMA Price Range by tuanduongEMA Price Range Indicator – Dynamic Range Analysis with Custom EMA (tuanduong2511) Overview The EMA Price Range Indicator is designed to help traders visualize the distance between price action and a key Exponential Moving Average (EMA). This indicator dynamically calculates the range from each candle to a user-defined EMA and displays it in a real-time table. By understanding the relationship between price and the EMA, traders can better gauge potential support, resistance, and overextension in the market. Key Features ✅ Customizable EMA – Allows users to choose the EMA period that best suits their strategy (default: 144). ✅ Real-Time Range Calculation – Computes the absolute difference between the EMA and the price (using the high or low, depending on whether the candle is above or below the EMA). ✅ Minimalist UI – The EMA is plotted directly on the chart, while a small table in the bottom-right corner provides numerical insights, reducing chart clutter. ✅ Versatile Use Cases – Suitable for trend-following traders (identifying pullbacks to EMA) and mean-reversion traders (spotting extended price movements). How It Works User-Defined EMA: The script calculates an Exponential Moving Average (EMA) based on the selected period. EMA adapts dynamically, giving more weight to recent price movements. Range Calculation: If the price is above the EMA, the range is measured from the high point of the candle to the EMA. If the price is below the EMA, the range is measured from the low point of the candle to the EMA. This approach ensures that we’re measuring the most relevant distance for price interaction. Live Table Display: The current EMA value and the distance (range) from the price are displayed in a small table in the bottom-right corner of the chart. How to Use It 📌 Trend Traders: Use the indicator to track pullbacks to key EMAs (e.g., EMA 50, 144, or 200). When the price is far from the EMA, it may indicate an overextended trend or potential retracement zone. 📌 Mean Reversion Traders: Look for extreme deviations between price and the EMA. Large distances can signal potential price snapbacks to the mean. 📌 Scalping & Day Trading: Short-term traders can use it with fast EMAs (e.g., EMA 21 or 34) to measure quick price movements relative to short-term momentum. Why This Indicator? Unlike traditional EMA indicators, which only plot a moving average, this script provides quantifiable price distance to the EMA, helping traders make data-driven decisions. It allows traders to answer: ✅ Is the price stretched too far from the EMA? ✅ Should I wait for a pullback before entering? ✅ Is the trend strong, or is the price losing momentum? By integrating EMA-based range analysis, traders gain a clearer understanding of market conditions and can improve their entry, exit, and risk management strategies.
Indicatore Pine Script®
di tuanduong2511