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TrendMaster Pro 2.3 with Alerts Hello friends, A member of the community approached me and asked me how to write an indicator that would achieve a particular set of goals involving comprehensive trend analysis, risk management, and session-based trading controls. Here is one example method of how to create such a system: Core Strategy Components Multi-Moving Average System - Uses configurable MA types (EMA, SMA, SMMA) with short-term (9) and long-term (21) periods for primary signal generation through crossovers Higher Timeframe Trend Filter - Optional trend confirmation using a separate MA (default 50-period) to ensure trades align with broader market direction Band Power Indicator - Dynamic high/low bands calculated using different MA types to identify price channels and volatility zones Advanced Signal Filtering Bollinger Bands Volatility Filter - Prevents trading during low-volatility ranging markets by requiring sufficient band width RSI Momentum Filter - Uses customizable thresholds (55 for longs, 45 for shorts) to confirm momentum direction MACD Trend Confirmation - Ensures MACD line position relative to signal line aligns with trade direction Stochastic Oscillator - Adds momentum confirmation with overbought/oversold levels ADX Strength Filter - Only allows trades when trend strength exceeds 25 threshold Session-Based Trading Management Four Trading Sessions - Asia (18:00-00:00), London (00:00-08:00), NY AM (08:00-13:00), NY PM (13:00-18:00) Individual Session Limits - Separate maximum trade counts for each session (default 5 per session) Automatic Session Closure - All positions close at specified market close time Risk Management Features Multiple Stop Loss Options - Percentage-based, MA cross, or band-based SL methods Risk/Reward Ratio - Configurable TP levels based on SL distance (default 1:2) Auto-Risk Calculation - Dynamic position sizing based on dollar risk limits ($150-$250 range) Daily Limits - Stop trading after reaching specified TP or SL counts per day Support & Resistance System Multiple Pivot Types - Traditional, Fibonacci, Woodie, Classic, DM, and Camarilla calculations Flexible Timeframes - Auto-adjusting or manual timeframe selection for S/R levels Historical Levels - Configurable number of past S/R levels to display Visual Customization - Individual color and display settings for each S/R level Additional Features Alert System - Customizable buy/sell alert messages with once-per-bar frequency Visual Trade Management - Color-coded entry, SL, and TP levels with fill areas Session Highlighting - Optional background colors for different trading sessions Comprehensive Filtering - All signals must pass through multiple confirmation layers before execution This approach demonstrates how to build a professional-grade trading system that combines multiple technical analysis methods with robust risk management and session-based controls, suitable for algorithmic trading across different market sessions. Good luck and stay safe!
Strategia Pine Script®
di everget
21
SessionRangeLevels_v0.1SessionRangeLevels_v0.1 Overview: SessionRangeLevels_v0.1 is a customizable Pine Script (v6) indicator designed to plot key price levels based on a user-defined trading session. It identifies the high and low of the session and calculates intermediate levels (75%, 50% "EQ", and 25%) within that range. These levels are projected forward as horizontal lines with accompanying labels, providing traders with dynamic support and resistance zones. The indicator supports extensive customization for session timing, time zones, line styles, colors, and more. Key Features: Session-Based Range Detection: Tracks the high and low prices during a specified session (e.g., 0600-0900) and updates them dynamically as the session progresses. Customizable Levels: Displays High, 75%, EQ (50%), 25%, and Low levels, each with independent toggle options, styles (Solid, Dashed, Dotted), colors, and widths. Session Anchor: Optional vertical line marking the session start, with customizable style, color, and width. Projection Offset: Extends level lines forward by a user-defined number of bars (default: 24) for future price reference. Labels: Toggleable labels for each level (e.g., "High," "75%," "EQ") with adjustable size (Tiny, Small, Normal, Large). Time Zone Support: Aligns session timing to a selected time zone (e.g., America/New_York, UTC, Asia/Tokyo, etc.). Alert Conditions: Triggers alerts when the price crosses any of the plotted levels (High, 75%, EQ, 25%, Low). Inputs: Session Time (HHMM-HHMM): Define the session range (e.g., "0600-0900" for 6:00 AM to 9:00 AM). Time Zone: Choose from options like UTC, America/New_York, Europe/London, etc. Anchor Settings: Toggle the session start line, adjust its style (default: Dotted), color (default: Black), and width (default: 1). Level Settings: High (Solid, Black, Width 2) 75% (Dotted, Blue, Width 1) EQ/50% (Dotted, Orange, Width 1) 25% (Dotted, Blue, Width 1) Low (Solid, Black, Width 2) Each level includes options to show/hide, set style, color, width, and label visibility. Projection Offset: Number of bars to extend lines (default: 24). Label Size: Set label size (default: Small). How It Works: The indicator detects the start and end of the user-defined session based on the specified time and time zone. During the session, it tracks the highest high and lowest low, updating the levels in real-time. At the session start, it plots the High, Low, and intermediate levels (75%, 50%, 25%), projecting them forward. Lines and labels dynamically adjust as new highs or lows occur within the session. Alerts notify users when the price crosses any active level. Usage: Ideal for traders who focus on session-based strategies (e.g., London or New York open). Use it to identify key price zones, monitor breakouts, or set targets. Customize the appearance to suit your chart preferences and enable alerts for real-time trading signals. Notes: Ensure your chart’s timeframe aligns with your session duration for optimal results (e.g., 1-minute or 5-minute charts for short sessions). The indicator overlays directly on the price chart for easy integration with other tools.
Indicatore Pine Script®
di dc_77
Dynamic Time Zone EMA with Candle Trend AnalysisCandleTrend TZ is a powerful analytical tool that integrates time zones, exponential moving averages (EMA), and custom candle coloring based on trend direction. This indicator is ideal for traders looking to analyze market trends within specific time sessions effectively. Key Features: Time Zones: Divides the chart into four distinct time intervals, each highlighted with a unique background color. Fully customizable start and end times for each interval, allowing for adaptation to various trading schedules. Exponential Moving Averages (EMA): Displays three EMAs with user-defined lengths: EMA 200 (blue) for long-term trends. EMA 50 (green) for medium-term trends. EMA 20 (red) for short-term trends. Helps identify trend direction and strength. Custom Candle Coloring: Utilizes smoothed Heiken Ashi and Triple EMA (TEMA) calculations for enhanced candle coloring: Green candles indicate an upward trend. Red candles signal a downward trend. Filters out market noise, providing a clear visual representation of market dynamics. Customization Options: Time Zones: Adjustable start and end times for each of the four sessions: Input hour and minute for start and end times (e.g., Interval 1 Start/End Hour/Minute). Background colors are pre-defined but can be modified in the code. EMAs: User-defined lengths for each EMA: EMA 200 Length (default: 200) EMA 50 Length (default: 50) EMA 20 Length (default: 20) TEMA Settings: Parameters for trend smoothing: TEMA Length (default: 55) EMA Length (default: 60) Use Cases: Intraday Session Analysis: Use time zones to differentiate between morning, afternoon, and evening market activity. The background colors make it easy to track session-specific trends. Trend Trading: Analyze EMA crossings and their slopes to confirm market direction. Green candles indicate buying opportunities, while red candles highlight selling signals. Noise Reduction: TEMA smoothing removes market noise, allowing you to focus on the primary market trend. Adaptation to Custom Strategies: By adjusting time intervals, you can tailor the indicator to specific trading styles or market conditions. Benefits: Versatility for both trending and sideways markets. Intuitive and user-friendly setup. Suitable for traders of all skill levels, from beginners to professionals. CandleTrend TZ is an indispensable tool for understanding market dynamics, enhancing your trading precision, and making well-informed decisions. 🚀
Indicatore Pine Script®
di shevtsov360
ADX Breakout Strategy█  OVERVIEW The ADX Breakout strategy leverages the Average Directional Index (ADX) to identify and execute breakout trades within specified trading sessions. Designed for the NQ and ES 30-minute charts, this strategy aims to capture significant price movements while managing risk through predefined stop losses and trade limits. This strategy was taken from a strategy that was posted on YouTube. I would link the video, but I believe is is "against house rules". █  CONCEPTS The strategy is built upon the following key concepts: ADX Indicator: Utilizes the ADX to gauge the strength of a trend. Trades are initiated when the ADX value is below a certain threshold, indicating potential for trend development. Trade Session Management: Limits trading to specific hours to align with optimal market activity periods. Risk Management: Implements a fixed dollar stop loss and restricts the number of trades per session to control exposure. █  FEATURES Customizable Stop Loss: Set your preferred stop loss amount to manage risk effectively. Trade Session Configuration: Define the trading hours to focus on the most active market periods. Entry Conditions: Enter long positions when the price breaks above the highest close in the lookback window and the ADX indicates potential trend strength. Trade Limits: Restrict the number of trades per session to maintain disciplined trading. Automated Exit: Automatically closes all positions at the end of the trading session to avoid overnight risk. █  HOW TO USE Configure Inputs : Stop Loss ($): Set the maximum loss per trade. Trade Session: Define the active trading hours. Highest Lookback Window: Specify the number of bars to consider for the highest close. Apply the Strategy : Add the ADX Breakout strategy to your chart on TradingView. Ensure you are using a 30-minute timeframe for optimal performance. █  LIMITATIONS Market Conditions: The strategy is optimized for trending markets and may underperform in sideways or highly volatile conditions. Timeframe Specific: Designed specifically for 30-minute charts; performance may vary on different timeframes. Single Asset Focus: Primarily tested on NQ and ES instruments; effectiveness on other symbols is not guaranteed. █  DISCLAIMER This ADX Breakout strategy is provided for educational and informational purposes only. It is not financial advice and should not be construed as such. Trading involves significant risk, and you may incur substantial losses. Always perform your own analysis and consider your financial situation before using this or any other trading strategy. The source material for this strategy is publicly available in the comments at the beginning of the code script. This strategy has been published openly for anyone to review and verify its methodology and performance.
Strategia Pine Script®
di HuntGatherTrade
Mxwll Price Action Suite [Mxwll]Introducing the Mxwll Price Action Suite! The Mxwll Price Action Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology! Features Internal structures External structures Customizable Sensitivities BoS/CHoCH Order Blocks HH/LH/LL/LH Areas Rolling TF highs/lows Rolling Volume Comparisons Auto Fibs And more! The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities. The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified. The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area. The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity. Finally, the Mxwll Price Action Suite shows relevant session information. Table information Current Session Countdown to session close Next Session Countdown to next session open Rolling 4-Hr volume intensity Rolling 24-Hr volume intensity Introducing the Mxwll SMC Suite! The Mxwll SMC Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology! Features Internal structures External structures Customizable Sensitivities BoS/CHoCH Order Blocks HH/LH/LL/LH Areas Rolling TF highs/lows Rolling Volume Comparisons Auto Fibs And more! The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities. The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified. The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area. The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity. Finally, the Mxwll Price Action Suite shows relevant session information. Table information Current Session Countdown to session close Next Session Countdown to next session open Rolling 4-Hr volume intensity Rolling 24-Hr volume intensity Expanded Features of Mxwll Price Action Suite Internal and External Structures Internal Structures: These elements refer to the price formations and patterns that occur within a smaller scope or a specific trading session. The suite can detect intricate details like minor support/resistance levels or short-term trend reversals. External Structures: These involve larger, more significant market patterns and trends spanning multiple sessions or time frames. This capability helps traders understand overarching market directions. Customizable Sensitivities Adjusting sensitivity settings allows users to tailor the indicator's responsiveness to market changes. Higher sensitivity can catch smaller fluctuations, while lower sensitivity might focus on more significant, reliable market moves. Break of Structure (BoS) and Change of Character (CHoCH) BoS: This feature identifies points where the price breaks a significant structure, potentially indicating a new trend or a trend reversal. CHoCH: Detects subtle shifts in the market's behavior, which could suggest the early stages of a trend change before they become apparent to the broader market. Order Blocks and Market Phases Order Blocks: These are essentially price levels or zones where significant trading activities previously occurred, likely pointing to the positions of smart money. HH/LH/LL/LH Areas: Identifying Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Lower Highs (LH) helps in understanding the trend and market structure, aiding in predictive analysis. Rolling Timeframe Highs/Lows and Volume Comparisons Tracks highs and lows over specified rolling periods, providing dynamic support and resistance levels. Compares volume data across different timeframes to assess the strength or weakness of the current price movements. Auto Fibonacci Levels Automatically calculates and plots Fibonacci retracement levels, a popular tool among traders to identify potential reversal points based on past movements. Session Data and Volume Intensity Session Information: Displays current and upcoming trading sessions along with countdown timers, which is crucial for day traders and those trading on session overlaps. Volume Intensity: Measures and compares the volume within the last 4 hours and 24 hours to gauge market activity and potential breakout/breakdown movements. Visualizations and Practical Use Dynamic Visuals: The suite provides dynamic visual aids, such as real-time updating of high/low markers and Fibonacci levels, which adjust as new data comes in. This feature is critical in fast-paced markets. Strategic Entry/Exit Points: By identifying order blocks and using Fibonacci levels, traders can pinpoint strategic entry and exit points, maximizing potential returns. Risk Management: Enhanced features like session countdowns and volume intensity help in better risk management by providing traders with more data on market sentiment and potential volatility.
Indicatore Pine Script®
di MXWLL-Capital-Trading
180
VIX Cheat SheetHello! This indicator - "VIX Cheat Sheet" - performs several calculations for $VIX against the asset on your chart. However, using $VIX as a risk proxy or volatility metric often fails beyond large-cap U.S equities. To remedy this, the VixFix indicator is included in the script; you can select whether the script performs calculations for an asset against $VIX or against VixFix (i.e. Forex, Crypto) Measured are: $VIX correlation to an asset's price fluctuations, the average close-to-close gain/loss subsequent a $VIX/VixFix close above the upper Bollinger Band, the average 5-session gain/loss following the same occurrence in addition to the average 10-session gain/loss, all close-to-close, 5 session, and 10-session gains/losses are stored as tooltips for labels on the chart. The current close-to-close percentage gain/loss for $VIX and VixFix are displayed on the chart. Displayed in the example image is a box incorporating $VIX price data alongside an upper Bollinger Band and lower Bollinger Band. The data isn't cast to its own price scale but is helpful for quick interpretation of $VIX fluctuations. You can select to plot VixFix data in the box in the user inputs table. Displayed in the second example image is a semi-transparent blue box encompassing all price moves that occurred when $VIX measured above $40 for at least ten consecutive sessions. The largest percentage close-to-close loss is displayed below the box. Also illustrated is a red label that appears when $VIX or VixFix closes above the upper Bollinger Band. The indicator will calculate and display the performance of the asset for the subsequent 10 sessions, to which the red label will disappear and all data stored as a tooltip in the blue labels stating "VIX Closed Above Upper Band" or "VixFix Closed Above Upper Band". To reduce chart clutter, a label and line combination marking all $VIX closes above the upper Bollinger Band was not included. Instead, bar color changes were added. When "$VIX" is selected in the user inputs table the indicator will mark all sessions in which $VIX closed above the upper band as blue, in addition to plotting $VIX price data in the dynamic black box. When "VixFix" is selected, the indicator will mark all sessions where VixFix closed above the upper band as purple; the VixFix indicator will be plotted in the black box. Be sure to hover over labels to access tooltip information; try the indicator with bar replay!
Indicatore Pine Script®
di KioseffTrading
32
Multi Stoch + VWAP Heatmap + Histogram + ScalpingThis indicator was developed by referencing various indicators from many contributors. I apologize that I cannot identify all the original authors due to the numerous sources referenced. Thank you to everyone who contributed to the trading community. Important Notice: Please use this indicator with sufficient caution and proper risk management. I do not assume any responsibility for any losses incurred from using this indicator. Trade at your own risk. Alternative version: Acknowledgment & Disclaimer: This indicator incorporates ideas and concepts from numerous community indicators. I sincerely apologize for not being able to properly credit all the original creators due to the extensive references used. My heartfelt gratitude goes out to all the talented developers in the trading community. Risk Warning: Please exercise extreme caution when using this indicator. All trading involves substantial risk of loss, and I accept no liability for any financial losses that may result from the use of this indicator. Always implement proper risk management and trade responsibly. Multi Stoch + VWAP Heatmap + Histogram + Scalping Usage Guide 🔧 Basic Settings Parameter Settings (Recommended for XAU/USD) Fast Stoch Length: 5 # Ultra-short term trend Medium Stoch Length: 14 # Short term trend Slow Stoch Length: 21 # Medium term trend %K Smoothing: 2 # High sensitivity setting %D Smoothing: 2 # High sensitivity setting Overbought Level: 75 # Sell zone Oversold Level: 25 # Buy zone 📈 Reading the Chart 1. Histogram (Background Bar Chart) Green tones: Strong uptrend Red tones: Strong downtrend Gray: Trendless/neutral 2. Line Display Blue lines: Ultra-short term Stochastic (K1/D1) Orange lines: Short term Stochastic (K2/D2) Purple lines: Medium term Stochastic (K3/D3) Yellow line: VWAP (normalized) 3. Horizontal Lines Upper line (75): Sell zone Center line (50): Neutral line Lower line (25): Buy zone 🎯 Signal Types and Meanings Scalping Signals (● marks) Green ● (bottom): 📈 Scalp buy entry RSI(7) < 25 + K1 < 30 combination VWAP bounce targeting Red ● (top): 📉 Scalp sell entry RSI(7) > 75 + K1 > 70 combination VWAP rejection targeting Main Trend Signals ▲ (large, green): 💪 Strong buy signal - Multiple conditions aligned ▼ (large, red): 💪 Strong sell signal - Multiple conditions aligned △ (medium, green): 📈 Normal buy signal ▽ (medium, orange): 📉 Normal sell signal Warning/Reversal Signals ▼ (pink): ⚠️ Sell warning - Trend reversal caution △ (teal): ⚠️ Buy warning - Trend reversal caution Cross Signals (● marks, positioned up/down) Green ● (bottom): Histogram crosses above VWAP Red ● (top): Histogram crosses below VWAP 🚀 Practical Usage Scalping Strategy (1-5 minute charts recommended) Entry: Enter on green ● or red ● signals Take Profit: At opposite zone or next ● signal Stop Loss: Around 10-15 pips (for gold) Time Session: London-NY overlap optimal Swing Trading Strategy (15min-1hour charts) Entry: Strong ▲▼ signals Take Profit: Opposite warning signals (▼△) Stop Loss: VWAP reverse break or 30-50 pips Day Trading Strategy (5-15 minute charts) Trend Confirmation: Histogram color Entry: △▽ signals Take Profit: Opposite zone reached Stop Loss: 20-30 pips ⚡ XAU/USD Specific Usage Session-Based Strategy Tokyo Session (9-15 JST): Wait and see, small scalps London Session (16-24 JST): Main trading NY Session (22-6 JST): Most active, all signals valid Major News Events Pre-announcement: Reduce positions Post-announcement: Trend following with ● signals 🔍 Filter Functions ATR Filter Small price movements filtered as noise Signals only on significant price moves Time Filter Strong signals only during high volatility sessions Weaker signals during low volatility periods Consecutive Signal Prevention Duplicate signals within 2 bars filtered out Prevents noise trading ⚙️ Settings Customization For Aggressive Trading Signal Cooldown: 1 # More frequent signals ATR Length: 5 # More sensitive filter For Conservative Trading Signal Cooldown: 5 # Relaxed signals ATR Length: 20 # Stricter filter Overbought: 80 # More extreme levels Oversold: 20 📱 Recommended Alert Settings Strong Buy/Sell Signal: Priority ★★★ Scalping Buy/Sell Signal: Priority ★★☆ Reverse Warning: Priority ★★★ (for position management) ⚠️ Important Notes Scalping requires quick decision-making Multiple timeframe confirmation recommended Exercise caution during major news events Risk management is top priority This indicator is a versatile multi-functional tool suitable for short to medium-term trading strategies! 🎓 Trading Examples Scalping Example Wait for green ● at oversold level (below 30) Enter long position immediately Target: 50 level or red ● signal Stop: Below recent swing low Day Trading Example Histogram turns green (bullish trend) Wait for △ buy signal near support Target: Overbought level (75) Exit: Warning signal ▼ appears Risk Management Rules Never risk more than 2% per trade Use proper position sizing Set stops before entry Take partial profits at key levels This comprehensive guide will help you maximize the potential of this advanced multi-timeframe indicator!
Indicatore Pine Script®
di okinawan21
Fibs Has Lied 🌟 Fibs Has Lied - Indicator Overview 🌟 Designed for indices like US30, NQ, and SPX, this indicator highlights setups where price interacts with key EMA levels during specific trading sessions (default: 6:30–11:30 AM EST). 🌟 Key Features & Levels 🌟 🔹EMA Crossover Setups The indicator uses the 100-period and 200-period EMAs to identify bullish and bearish setups: - Bullish Setup: Triggers when the 100 EMA crosses above the 200 EMA, followed by two consecutive candles opening above the 100 EMA, with the low within a specified point distance (e.g., 20 points for US30). - Bearish Setup: Triggers when the 100 EMA crosses below the 200 EMA, followed by two consecutive candles opening below the 100 EMA, with the high within the point distance. - Signals are marked with green (buy) or red (sell) triangles and text, ensuring you don’t miss a setup. 📈 🔹 Reset Conditions for Re-Entries After an initial setup, the indicator watches for “reset” opportunities: - Buy Reset: If price moves below the 200 EMA after a bullish crossover, then returns with two consecutive candles where lows are above the 100 EMA (within point distance), a new buy signal is plotted. - Sell Reset: If price moves above the 200 EMA after a bearish crossover, then returns with two consecutive candles where highs are below the 100 EMA (within point distance), a new sell signal is plotted. This feature captures additional entries after liquidity grabs or fakeouts, aligning with ICT’s manipulation concepts. 🔄 🔹 Session-Based Filtering Focus your trades during high-liquidity windows! The default session (6:30–11:30 AM EST, New York timezone) targets the London/NY overlap, where price often seeks liquidity or sets up for reversals. Toggle the time filter off for 24/7 signals if desired. 🕒 🔹Symbol-Specific Point Distance Customizable entry zones based on your chosen index: - US30: 20 points from the 100 EMA. - NQ: 3 points from the 100 EMA. - SPX: 2.5 points from the 100 EMA. This ensures setups are tailored to the volatility of your market, maximizing relevance. 🎯 🔹 Market Structure Markers (Optional) Visualize swing points with pivot-based labels: - HH (Higher High): Signals uptrend continuation. - HL (Higher Low): Indicates potential bullish support. - LH (Lower High): Suggests weakening uptrend or reversal. - LL (Lower Low): Points to downtrend continuation. - Toggle these on/off to keep your chart clean while analyzing trend direction. 📊 🔹 EMA Visualization Optionally plot the 100 EMA (blue) and 200 EMA (red) to see key levels where price reacts. These act as dynamic support/resistance, perfect for spotting liquidity pools or ICT’s Power of 3 setups. ⚖️ 🌟 Customization Options 🌟 - Symbol Selection: Choose US30, NQ, or SPX to adjust point distance for entries. - Time Filter: Enable/disable the 6:30–11:30 AM EST session to focus on high-liquidity periods. - EMA Display: Toggle 100/200 EMAs on/off to reduce chart clutter. - Market Structure: Show/hide HH/HL/LH/LL labels for cleaner analysis. - Signal Markers: Green (buy) and red (sell) triangles with text are auto-plotted for easy identification. 🌟 Usage Tips 🌟 - Best Timeframes: Use on 3m for intraday scalping and 30m for swing trades. - Combine with ICT Tools: Pair with order blocks, fair value gaps, or kill zones for stronger setups. - Focus on Session: The default 6:30–11:30 AM EST session captures London/NY volatility—perfect for liquidity-driven moves. - Avoid Overcrowding: Disable market structure or EMAs if you only want setup signals.
Indicatore Pine Script®
di DeadCatCode
Previous Day High/Low Levels [OWI]📘 How to Use the “Previous Day High/Low Levels ” Indicator This TradingView indicator automatically tracks and displays the previous day's high and low during the Regular Trading Hours (RTH) session. It’s perfect for traders who want to visualize key support/resistance levels from the prior day in futures like CME_MINI:NQ1! and COMEX:GC1! . 🛠 Setup Instructions 1. Customize RTH Session Times - In the Settings panel, adjust the following under the Levels group: - RTH Start Hour and RTH Start Minute: Default is 9:30 AM (New York time). - RTH End Hour and RTH End Minute: Default is 4:15 PM. - These define the active trading session used to calculate the day’s high and low. 2. Toggle Labels - Use the Show PDH/PDL Labels checkbox to display or hide the “PDH” and “PDL” labels on the chart. - Labels appear after the session ends and follow price dynamically. 📊 What the Indicator Does - During the RTH session: - Tracks the highest and lowest price of the day. - After the session ends: - Draws horizontal lines at the previous day’s high (green) and low (red). - Optionally displays labels ("PDH" and "PDL") at those levels. - Lines extend into the current day to help identify potential support/resistance zones. ✅ Best Practices - Use this indicator on intraday timeframes (e.g., 5m, 15m, 1h) for best results. - Combine with volume or price action analysis to confirm reactions at PDH/PDL levels. - Adjust session times if trading non-US markets or custom hours.
Indicatore Pine Script®
di onewayinvestment_hk
X Opens+Overview: The X Opens+ indicator is a precision tool designed for traders seeking to analyze market structure and behavior around key timeframe opens. It highlights the open prices of custom-selected higher timeframes—such as daily, weekly, or monthly sessions—and visualizes them directly on lower timeframes. These open levels often coincide with high-volume zones, market imbalance, and institutional interest, making them powerful reference points for intraday and swing trading strategies. Key Features: Custom Timeframe Anchoring: Users can select any timeframe (e.g., daily, 4H, 1W) to display its current and previous session opens directly on their active chart. This allows for flexible multi-timeframe analysis within a single view. Price Reaction Zones: Timeframe opens are frequently areas of heightened liquidity and directional bias. By identifying these opens and their relationship to current price action, traders can anticipate areas of support/resistance, trend continuation, or reversal. Derived Midpoints and Ranges: The indicator also computes and displays the previous session’s range midpoint (EQ), as well as extension bands (e.g., ±1.0x or ±1.5x the prior range). These levels are useful for contextualizing volatility expansion and identifying breakout or fade setups around key open zones. Historical Session Mapping: In addition to live opens, the tool optionally displays opens and range-based levels from previous sessions. This historical layering gives traders a broader context of how price has respected or rejected these levels over time. Labeling and Customization: Each level can be labeled and color-coded to match user preferences. The visibility, size, and style of each element (e.g., lines, labels, bands) are fully configurable for visual clarity and user alignment. Use Cases: Confirming bias around daily or weekly opens, especially during market opens or key economic releases. Identifying equilibrium levels for mean reversion or continuation setups. Using ±1.0 and ±1.5 range projections as dynamic targets or invalidation zones. Anchoring to key sessions for volume profile or order flow-based strategies. Summary: X Opens+ is a data-driven utility that transforms static session opens into dynamic market tools. By spotlighting where institutional interest likely concentrates—at the opens of significant timeframes—this indicator provides traders with a structural edge in identifying key zones that influence price behavior throughout the trading day or week
Indicatore Pine Script®
di KinetiCapital
Open Range Breakout (ORB) with Alerts 🚀 ChartsAlgo – Open Range Breakout (ORB) with Alerts The Open Range Breakout (ORB) Indicator by ChartsAlg is designed for intraday traders looking to capitalize on price movements after the market’s opening range. This tool is especially effective for futures (MNQ, MES) and high-volatility stocks or crypto where initial volatility sets the tone for the session. This indicator identifies a user-defined opening range window, plots the high/low lines of that range, and visually alerts users when price breaks out above or below the range — with options to customize breakout repetitions, background fill, and alerts. 💡 What is an Open Range Breakout (ORB)? The opening range represents the high and low established during the first few minutes of the trading session — usually 15 or 30 minutes. Many intraday strategies are based on the idea that breaking out of this initial range often signals strong momentum and trend continuation. Traders often enter: Long when price breaks above the range high. Short when price breaks below the range low. ⚙️ How It Works You define a session window (e.g., 09:30–09:45 EST). The indicator tracks the high and low during this time. Once the session ends, the high and low become your range breakout levels. The indicator then: Plots lines for visual clarity Optionally fills background between the range Triggers breakout signals if price crosses the levels Provides alerts when breakouts occur 🛠️ Settings Breakdown 🔹 Session Settings Range Session: Set your preferred window (e.g., 0930–0945). Can be premarket, first 30 mins, or any custom time. Time zone: Use "America/New York" for EST (default) or change to "GMT+0" for international traders. 🔹 Breakout Settings Bullish Breakout Signals: Number of allowed breakout alerts above the range. Bearish Breakout Signals: Number of allowed breakout alerts below the range. This prevents repeated alerts once breakout has been confirmed. 🔹 Display Settings Show Background Fill: Fills area between high/low of the range for easier visual analysis. Show Breakout Signals: Triangle markers plotted on the chart when breakouts happen. Only Show Today’s Range: Keeps the chart clean by showing only the most current day’s range. 🔹 Color Settings Range High/Low Line Colors: Choose any color for clarity. Range Fill Color: Customize the highlight area for your chart style. 📊 Chart Features Range High/Low Lines: Automatically plotted after range session ends. Visual Fill Box: Optional background shading between the opening range. Triangle Breakout Markers: Appear at the breakout candle. Alerts: Can be used with TradingView’s alert system to notify you of breakouts in real-time. 🔔 Alerts Two alert conditions are built in: Bullish Breakout: Triggers when price breaks above the high of the range. Bearish Breakout: Triggers when price breaks below the low of the range. Example Alert Message: 📈 “Bullish Breakout above Open Range on AAPL!” To activate: Click “🔔 Alerts” on TradingView. Set condition to this script. Choose “ORB Breakout Up” or “ORB Breakout Down”. Choose alert frequency and notification method. ⚠️ DISCLAIMER ChartsAlgo tools are for informational and educational purposes only. They are not financial advice or signals. Past performance does not guarantee future results. Use at your own risk and always implement solid risk management. By using this indicator, you agree that you are solely responsible for any trades or decisions made based on the information provided.
Indicatore Pine Script®
di ChartsAlgo
Overnight ES Strategy: CBC + Fractal + RSI + ATR FilterThis script is designed for overnight trading of the E-mini S&P 500 futures (ES) between 6 PM and 11 PM EST. It combines multiple technical confluences to generate high-probability buy and sell signals, focusing on volatility-rich, low-liquidity evening sessions. Key Features: Candle Body Confluence (CBC) Approximation: Identifies candles with small real bodies compared to total range, simulating consolidation zones where price is likely to reverse. Williams Fractal Confirmation: Detects local tops and bottoms based on 5-bar fractal reversal patterns, helping validate breakout or reversal points. RSI Filter: Ensures momentum is supportive — buys only when RSI < 35 (oversold) and sells only when RSI > 65 (overbought). ATR Volatility Filter: Trades are only allowed if the Average True Range (ATR) exceeds a user-defined threshold, filtering out low-volatility, risky environments. Time Session Control: Signals are only generated during the user-defined evening session (default: 6 PM to 11 PM EST) to match market behavior. Real-Time Alerts Enabled: Alerts can be set for BUY or SELL conditions, enabling mobile notifications, emails, or pop-ups without constant chart monitoring. Recommended Settings: Chart Timeframe: 15-minute or 30-minute candles Assets: ES Mini (ES1!), NQ Mini, or other CME futures Session: New York Time (EST) ATR Threshold: Adjust based on market conditions; 5.0 suggested starting point for ES Mini on 15m. Important: This script only plots signals, it does not auto-execute trades. Always backtest and paper trade before using live capital. Volatility can vary; consider adjusting RSI and ATR filters based on market environment. Credits: Script designed based on confluence of price action, momentum, reversal structure, and volatility filtering principles used by professional traders. Inspired by Candle Body Confluence (CBC) theory and Williams fractal techniques.
Indicatore Pine Script®
di Zack1077
Killzone Highlights with Volume [odnac] Description: This indicator seamlessly integrates volume analysis with kill zone highlights across different market sessions. The indicator dynamically displays trading volume and visually emphasizes key trading sessions in various time zones, including Asia, Europe, and New York (both AM and PM sessions). Users have the flexibility to customize the colors of bullish and bearish volume bars, as well as the transparency and color of the kill zone highlights, allowing for tailored visual analysis of trading periods. Features: Bullish and Bearish Volume Colors: Displays the volume of trades with user-defined colors for bullish (up) and bearish (down) candles. Killzone Highlights: Highlights the kill zones for Asia, Europe, New York AM, and New York PM sessions with user-defined colors and transparency. Customization Options: Allows users to adjust the colors, transparency, and time settings for each kill zone. Weekend Handling: Option to hide kill zone highlights during weekends. Timeframe Limitation: Users can set the maximum timeframe for which the kill zone highlights will be displayed. Usage: This indicator is designed for traders who want to gain insights into market activity during key trading sessions. By combining volume data with visually distinct kill zone highlights, it helps traders make informed decisions based on the most active trading periods. Ideal for intraday traders looking to leverage session-based strategies for more effective trading decisions.
Indicatore Pine Script®
di odnac
Killzones & Previous High-Low Liquidity [odnac]This indicator is designed for use in intraday trading to visualize key "Killzones" (specific time windows during different global market sessions) and highlight liquidity levels based on previous highs and lows from the previous day and week. It helps traders identify potential market entry and exit points based on time-based trading zones and price action levels. Key Features: Killzone (Market Session Timeframes): Asia (2000-0000 UTC): Displays a shaded box over the Asia trading session. Europe (0200-0500 UTC): Highlights the European trading session. New York AM (0830-1100 UTC): Represents the morning session of the NY market. New York PM (1330-1600 UTC): Represents the afternoon session of the NY market. Each of these timeframes can be customized in terms of session start and end times, and the shaded areas will help identify high liquidity periods when the market tends to be more active. Previous High-Low Liquidity Zones: Previous Week's High/Low: Displays lines at the high and low of the previous week. These are important liquidity levels that can influence price action. Previous Day's High/Low: Shows the high and low from the previous trading day. These are also significant levels to watch for potential support and resistance. Filters and Customization: Position Filtering: The indicator allows users to filter out previous highs or lows if the current price doesn't align with those levels. For example, it can filter out previous week highs if the current price is lower than that level. Vertical Lines: Optional vertical lines to highlight key time points such as the start and end of the previous week and day. How It Works: The indicator visually draws "killzones" as shaded regions on the chart, indicating periods of increased market activity. This can help traders align their strategies with the most liquid periods of the day. The previous high and low lines (both for the previous week and the previous day) are drawn as solid lines and can be toggled on/off in the settings. Labels are added to indicate the specific levels and periods. The indicator provides clear visual cues, helping traders assess if the price is near important liquidity levels and whether the current market conditions align with those levels. Customizable Settings: You can control whether each Killzone and liquidity level is shown on the chart. Color customization for the various zones and lines is also available. The indicator also lets you decide whether to hide weekend data, set time-frame limits, and choose whether or not to show vertical lines at the beginning and end of each trading session. This indicator is aimed at traders who want to trade based on high-liquidity periods and understand where key support and resistance levels are likely to emerge based on previous price action.
Indicatore Pine Script®
di odnac
3
NY 5M ORB-COMEX OpenThe indicator is designed to display dynamic and static key market levels, including Opening Range Breakout (ORB) levels, Initial Daily Range (IDR), and other important session levels. It offers extensive customization to accommodate a variety of trading strategies and sessions, all while providing an adaptable user interface for traders to personalize their charts. #### Key Features: 1. **Session Timings**: - The script allows you to define regular and extended market hours. These timings can be adjusted using input fields for the market open range, session start, and session end times, with default settings for the U.S. stock market. 2. **Opening Range Breakout (ORB)**: - You can enable or disable lines for the High/Low (H/L) and Open/Close (O/C) of the first 5-minute candle, which are key for ORB strategies. - Optional middle lines are provided for both H/L and O/C, offering additional reference points for price action. 3. **Multiple Plot Styles and Line Types**: - The script includes customization for line styles (Solid, Dashed, or Dotted) and colors for ORB, IDR, and session markers, giving traders flexibility in visualizing key market levels. 4. **Dynamic and Static Levels**: - Users can choose to display either dynamic or static lines for additional price levels that extend throughout the session. Dynamic levels automatically adapt based on the session’s high and low, while static levels are manually configured. - These lines can also display labels with the option to turn on or off their visibility. 5. **Custom Time Zone and Session Adjustments**: - The script offers full flexibility in adjusting session timings based on different time zones, which is crucial for global traders working in different markets. 6. **Background Shading**: - You can add shading between high and low levels for a more visual representation of ranges during specific sessions (e.g., ORB or IDR), and customize the color and transparency of this background. 7. **Comex Open Indicator**: - An additional feature highlights the Comex Open, with optional labels, making it useful for traders who follow commodities markets. #### Known Issues: - The indicator requires a chart with intraday time frames (e.g., 1-minute, 5-minute) for accurate display. - Extensive customization may lead to performance issues on lower-end machines or in high-frequency chart environments due to the number of drawn elements (lines, boxes, labels). This indicator is suitable for advanced traders who need detailed control over their session timing and price level analysis, with multiple layers of customization for visualizing key market behaviors.
Indicatore Pine Script®
di Brockjava
1
Long-Only Opening Range Breakout (ORB) with Pivot PointsIntraday Trading Strategy: Long-Only Opening Range Breakout (ORB) with Pivot Points Background: Opening Range Breakout (ORB) is a popular long-only trading strategy that capitalizes on the early morning volatility in financial markets. It's based on the idea that the initial price movements during the first few minutes or hours of the trading day can set the tone for the rest of the session. The strategy involves identifying a price range within which the asset trades during the opening period and then taking long positions when the price breaks out to the upside of this range. Pivot Points are a widely used technical indicator in trading. They represent potential support and resistance levels based on the previous day's price action. Pivot points are calculated using the previous day's high, low, and close prices and can help traders identify key price levels for making trading decisions. How to Use the Script: Initialization: This script is written in Pine Script, a domain-specific language for trading strategies on the TradingView platform. To use this script, you need to have access to TradingView. Apply the Script: You can do this by adding it to your favorites, then selecting the script in the indicators list under favorites or by searching for it by name under community scripts. Customize Settings: The script allows you to customize various settings through the TradingView interface. These settings include: Opening Session: You can set the time frame for the opening session. Max Trades per Day: Specify the maximum number of long trades allowed per trading day. Initial Stop Loss Type: Choose between using a percentage-based stop loss or the previous candles low for stop loss calculations. Stop Loss Percentage: If you select the percentage-based stop loss, specify the percentage of the entry price for the stop loss. Backtesting Start and End Time: Set the time frame for backtesting the strategy. Strategy Signals: The script will display pivot points in blue (R1, R2, R3, R4, R5) and half-pivot points in gray (R0.5, R1.5, R2.5, R3.5, R4.5) on your chart. The green line represents the opening range. The script generates long (buy) signals based on specific conditions: ---The open price is below the opening range high (h). ---The current high price is above the opening range high. ---Pivot point R1 is above the opening range high. ---It's a long-only strategy designed to capture upside breakouts. ---It also respects the maximum number of long trades per day. The script manages long positions, calculates stop losses, and adjusts long positions according to the defined rules. Trailing Stop Mechanism The script incorporates a dynamic trailing stop mechanism designed to protect and maximize profits for long positions. Here's how it works: 1. Initialization: The script allows you to choose between two types of initial stop loss: ---Percentage-based: This option sets the initial stop loss as a percentage of the entry price. ---Previous day's low: This option sets the initial stop loss at the previous day's low. 2. Setting the Initial Stop Loss (`sl_long0`): The initial stop loss (`sl_long0`) is calculated based on the chosen method: ---If "Percentage" is selected, it calculates the stop loss as a percentage of the entry price. ---If "Previous Low" is selected, it sets the stop loss at the previous day's low. 3. Dynamic Trailing Stop (`trail_long`): The script then monitors price movements and uses a dynamic trailing stop mechanism (`trail_long`) to adjust the stop loss level for long positions. If the current high price rises above certain pivot point levels, the trailing stop is adjusted upwards to lock in profits. The trailing stop levels are calculated based on pivot points (`r1`, `r2`, `r3`, etc.) and half-pivot points (`r0.5`, `r1.5`, `r2.5`, etc.). The script checks if the high price surpasses these levels and, if so, updates the trailing stop accordingly. This dynamic trailing stop allows traders to secure profits while giving the position room to potentially capture additional gains. 4. Final Stop Loss (`sl_long`): The script calculates the final stop loss level (`sl_long`) based on the following logic: ---If no position is open (`pos == 0`), the stop loss is set to zero, indicating there is no active stop loss. ---If a position is open (`pos == 1`), the script calculates the maximum of the initial stop loss (`sl_long0`) and the dynamic trailing stop (`trail_long`). ---This ensures that the stop loss is always set to the more conservative of the two values to protect profits. 5. Plotting the Stop Loss: The script plots the stop loss level on the chart using the `plot` function. It will only display the stop loss level if there is an open position (`pos == 1`) and it's not a new trading day (`not newday`). The stop loss level is shown in red on the chart. By combining an initial stop loss with a dynamic trailing stop based on pivot points and half-pivot points, the script aims to provide a comprehensive risk management mechanism for long positions. This allows traders to lock in profits as the price moves in their favor while maintaining a safeguard against adverse price movements. End of Day (EOD) Exit: The script includes an "End of Day" (EOD) exit mechanism to automatically close any open positions at the end of the trading day. This feature is designed to manage and control positions when the trading day comes to a close. Here's how it works: 1. Initialization: At the beginning of each trading day, the script identifies a new trading day using the `is_newbar('D')` condition. When a new trading day begins, the `newday` variable becomes `true`, indicating the start of a new trading session. 2. Plotting the "End of Day" Signal: The script includes a plot on the chart to visually represent the "End of Day" signal. This is done using the `plot` function. The plot is labeled "DayEnd" and is displayed as a comment on the chart. It signifies the EOD point. 3. EOD Exit Condition: When the script detects that a new trading day has started (`newday == true`), it triggers the EOD exit condition. At this point, the script proceeds to close all open positions that may have been active during the trading day. 4. Closing Open Positions: The `strategy.close_all` function is used to close all open positions when the EOD exit condition is met. This function ensures that any remaining long positions are exited, regardless of their current profit or loss. The function also includes an `alert_message`, which can be customized to send an alert or notification when positions are closed at EOD. Purpose of EOD Exit The "End of Day" exit mechanism serves several essential purposes in the trading strategy: Risk Management: It helps manage risk by ensuring that positions are not left open overnight when markets can experience increased volatility. Capital Preservation: Closing positions at EOD can help preserve trading capital by avoiding potential adverse overnight price movements. Rule-Based Exit: The EOD exit is rule-based and automatic, ensuring that it is consistently applied without emotions or manual intervention. Scalability: It allows the strategy to be applied to various markets and timeframes where EOD exits may be appropriate. By incorporating an EOD exit mechanism, the script provides a comprehensive approach to managing positions, taking profits, and minimizing risk as each trading day concludes. This can be especially important in volatile markets like cryptocurrencies, where overnight price swings can be significant. Backtesting: The script includes a backtesting feature that allows you to test the strategy's performance over historical data. Set the start and end times for backtesting to see how the long-only strategy would have performed in the past. Trade Execution: If you choose to use this script for live trading, make sure you understand the risks involved. It's essential to set up proper risk management, including position sizing and stop loss orders. Monitoring: Monitor the long-only strategy's performance over time and be prepared to make adjustments as market conditions change. Disclaimer: Trading carries a risk of capital loss. This script is provided for educational purposes and as a starting point for your own long-only strategy development. Always do your own research and consider seeking advice from a qualified financial professional before making trading decisions.
Strategia Pine Script®
di VolumeVigilante
2
Range Projections [TFO]The purpose of this indicator is to see how often price reached certain standard deviations from a selected time range. The inspiration for this was to study ICT (Inner Circle Trader) concepts regarding the Central Bank Dealer’s Range (CBDR), which is 2:00 pm - 8:00 pm New York local time according to ICT Core Content. However, the idea and data collection could certainly be applied to any range of time. The main settings of this indicator are session time, range type, and the standard deviation filter. The session time is the window of price that will be utilized for range projections. The range type can be either body or wick (on the current timeframe). The standard deviation filter is used to eliminate sessions whose ranges (from high to low) are greater than the desired/input number of standard deviations from all available session ranges. In this example, the time range is set to 16:00 - 20:00, or the time between the New York session close and the Asia session open. Our standard deviations are set to 1, 2, 2.5, and 4. Now, by taking this session’s price range and extrapolating these extensions from the initial range, we can use these levels to see if and how price interacts with them before the next 16:00 - 20:00 session. Furthermore, we can enable the Data Table to analyze how often price trades to these levels for the sessions that are deemed valid (determined by the standard deviation filter). This time our standard deviations are set to 1, 2, 3, and 4. This concept can theoretically be applied to any window of time. ICT has mentioned that, in instances where the CBDR is too large, the Asia range may be used instead. We can observe that the indicator behaves the same way when we change the session to the Asia range, 20:00 - 00:00.
Indicatore Pine Script®
di tradeforopp
24
ICT Seek & Destroy Profile [TFO]The goal of this indicator is to anticipate potentially "choppy" New York trading sessions, based on what price does during the Asia and London trading sessions. Based on some user-defined success criteria, we can also track how successful these warnings are. Many Inner Circle Trader (ICT) students have noted that choppy New York sessions are often preceded by erratic London sessions which take both the high and low of the Asian range. When this criteria is true and warnings are enabled, a table will automatically populate with a custom warning message for the duration of the NY session, indicating to the user that it could be a choppy trading day. We can measure and track the success rate of these warnings via the following success criteria: - NY stays within London range - NY exceeds London high and low - NY closes within London range - NY range is too small The first three criteria should be self explanatory - the NY range either stays within the London high & low, exceeds them both, or closes within them. The last criteria is a measure of the New York range compared to a user defined standard deviation of all historical ranges (for the number of sessions that the current chart can load). The default value of 1.5 would imply that a "successful" S&D day could be if the NY range (from high to low) was less than or equal to 1.5 standard deviations of all past ranges. All these options can be toggled on/off as well, for those that only want to consider certain success criteria and not others. When any of the selected success criteria are true, that essentially indicates that the current session's warning was successful.
Indicatore Pine Script®
di tradeforopp
19
Murder Algo Stats: last portion of Indices closing hour (S&P)Stats regarding the 'murder algo' (last 10mins of the closing hour). Works on all sub-1hr timeframes. Best used on 5min, 10min 15min timeframe. Ideal use on 10min timeframe. Can be applied to other user input sessions also What i'm calling the 'Murder Algo' is the tendency of dynamic lower time frame price action in the final 10minutes of the S&P closing hour (or any of the three major US indices: S&P, Nasdaq, Dow). If there are un-met liquidity targets (i.e. clean highs or lows) as we come into the last portion of the closing hour, price has a tendency to stretch up or down to reach these targets, swiftly. These statisitics are somewhat experimental/research; trying to quantify this tendency. Please comment below if you think of some additions / modifications that may prove useful. //Purpose: -To get statistics of the tendency to 'reach' of the final bar (10minute bar in the above) of the closing hour in Indices (3pm - 4pm NY time). -Specifically to see how often price reaches for HH or LL in the final bar of the closing hour (most of the time); and to see how far it reaches one way when it does (Mean, median, mode). //Notes: -Two sets of historical stats; one is based on the 'solo reach' of the last bar; the other is based on the reach of the last bar from the average price of the preceding bars of the session (purple line in the above) -Works on any timeframe below hourly. Ideally used on 10min timeframe, but may be interesting to plot on 15min or 5min timeframe also. -Should also work on custom user-defined session; though this indicator was explicly designed to investigate the 'murder algo': that final rush and/or whipsaw tendency of price in the last few minutes of Regular trading on Indices. -For S&P, best used on SPX, which gives the longest history of all the S&P variants due to only showing Regular trading hours bars (500 days of history on 10min timeframe, for premium users) -For most stats, i've rounded to ES1! mintick (i.e. rounded to nearest quarter dollar) =>> This allows more meaningful values for 'mode' statistical measure. -I trade S&P; but this 'muder algo' phenomenon also obviously presents in Nasdaq and Dow. //User Inputs: -Session time input (defaults to closing hour 3pm - 4pm NY time) -Average method (for the average of all the input session EXCEPT the final bar) -Toggle on/off Average line. -other formatting options: text color, table position, line color/style/size. Example usage with annotations on SPX 500 chart 15m timeframe; using closing hour (3pm-4pm NY time) as our session:
Indicatore Pine Script®
di twingall
1
SMT - Smart Money Thursday Boxes The Smart Money Trading Thursday - is a very specific trading system. You only trade it on a Thursday. The script/indicator will color Thursdays as two boxes. If you just want one color, use same color for both boxes. The boxes is there to indicate London/New York sessions. SETTINGS In the setting you find a numeric value as 1700-0400:5 The "5" indicate Thursday. You can change that if you prefer to color another specific day. For example "4" would indicate Wednesday. And you can change the hours to fit your sessions and trading style. You can also use the 2 boxes on different days. If you for example would like to color up London for Wednesday and Thursday. Then set hours to fit London session and adjust the :5 to 4 on the 1st box and 5 on the 2nd. HOW TO USE IT? The Smart Money works in a way retail trading does not. Smart Money has an objective to locate retail patterns, where there will be a lot of stop loss volume to be grabbed. So when a retail trader see a setup like a "Double Top / Bottom". The Institutional will see $$$ of dumb money, ready to be taken. The best moves happen on a Thursday but if you are a skilled trader, you can see the move also occur on Wednesday or Friday. The first thing that will happen, is that the Smart Money Breaks out of session. Meaning they will leave the current weeks high/low range. To start collect negative contracts of the retail volume. When you see that happen. And you see a breakout that consist of 4 in a row 1 hour chart candles. Then you have your first rule meet. #1 Thursday breakout of current weeks high/low. And the move is a clean 4 hour move as 4x H1 candles. The move can start within range. But must end clearly outside. Visual Example: #2 Next, we await an engulf at peak or near peak. That is where Institutional may have problem to match any more contracts, and since they used their own money to make this move. They must now mitigate orders, and return back to the original retail pattern as most retail traders are now stopped out. (Normally this is a long/clear candle out of range. they rarely go lower then retail traders entry in the 1st push. This to not save any souls :) #3 Price returns back to where the breakout from the retail happens. You can now take your profit as a Smart Money Trader. Trading with less risk, you can take profit of the return of that latest 4x H1 candle move. (Order Block) CONCLUSION The best trade is when you can combine a retail pattern, followed by a breakout which holds 4x 1 hour candles in the outbreak direction. 2nd best is when you have the 4x H1 breakout and really no clear retail pattern. Still is the same game. Just not as clear as the one above. Study the steps in this image and you see what to look after: Good Luck with your trading! Regards, The Hunter Trading Group
Indicatore Pine Script®
di The-Hunter
6
RVOL - R4RocketRelative volume or RVOL for short is an indicator that is used to measure how 'In Play' the stock is. Simply put, it helps to quantify how interested everybody is in the given stock - higher the value, higher the interest and hence higher is the probability for movement in the stock. I have tried to create RVOL (Relative Volume ) Indicator as per the description that I read on SMB Capital blog. The blog is a great resource. ................................................................................................................................................................................... How to use the indicator - The indicator is meant for INTRADAY ONLY. The indicator has following inputs - 1. RVOL Period - Value from 3 to 14 (Default Value = 4) This is used to calculate the average volume over the given period of days. e.g. average volume for the last 5 days, last 3 days, last 10 days etc. NOTE - If you use higher RVOL Period on smaller timeframes, the code will give an error. So I recommend using 4 or lower for 5 min timeframe. (Nothing will work on 1 min chart and you can experiment for other timeframes.) 2. RVOL Sectional - True / False (Default Value = False) If you check this box then you will be able to calculate the RVOL for a particular session (or between particular sessions) in that trading day. What do I mean by session? Well I have divided the trading day into 6 (almost) equally spaced sessions in time, i.e. 6 hours and 15 mins (for NSE - India) of trading day is divided into 1 hr - 1st session, 1 hr - 2nd session, 1 hr - 3rd session, 1 hr - 4th session, 1 hr - 5th session, 1 hr and 15 min - 6th session. Before using 3rd and 4th inputs of indicator, RVOL Sectional box MUST BE CHECKED FIRST. 3. RVOL From Session - 1 to 6 (Default Value = 1) 4. RVOL To Session - 1 to 6 (Default Value = 2) Now if you select 2 in "RVOL From Session" input and 3 in "RVOL To Session" input, the indicator will calculate RVOL for the 2nd and 3rd hour of the trading day. If you select 3 in both the inputs, then the indicator will give RVOL for the 3rd hour of the trading day. 5. RVOL Trigger - 0.2 to 10 (Default Value = 2) Filter to find days having RVOL above that value. The indicator turns green (or colour of your choice) when RVOL is more than "RVOL Trigger". ................................................................................................................................................................................... Hope this indicator will add some value in your trading endeavor. “Only The Game, Can Teach You The Game” – Jesse Livermore Yours sincerely, R4Rocket **If you have some awesome idea for improvement of the indicator - request you to update the code and share the same.
Indicatore Pine Script®
di R4Rocket
21
Time Based Range CandleThis indicator creates a visual candle representation from price action during a specified time period. Key Features: Configurable Sessions: Set any calculation period (when range is measured) and display period (when visualization appears) Candle Visualization: Draws a large candle showing open, close, high, low with proper body coloring Wick/Tail Analysis: Displays wicks and tails with quarter-level subdivisions based on candle type (bullish vs bearish) End Marker: Vertical line marks exactly when the calculation period ends Quarter Lines: Optional dotted/dashed lines showing 25%, 50%, 75% levels within body, wicks, and tails Common Use Cases: Overnight range analysis (18:00 - 6:00 ET) displayed during regular hours Session-based range trading (Asian, London, NY sessions) Custom time period analysis for any market The indicator follows proper candle terminology where wicks and tails are measured differently for bullish vs bearish candles, making it useful for precise level analysis and range trading strategies.
Indicatore Pine Script®
di Fractaldactyl
VoVix DEVMA🌌 VoVix DEVMA: A Deep Dive into Second-Order Volatility Dynamics Welcome to VoVix+, a sophisticated trading framework that transcends traditional price analysis. This is not merely another indicator; it is a complete system designed to dissect and interpret the very fabric of market volatility. VoVix+ operates on the principle that the most powerful signals are not found in price alone, but in the behavior of volatility itself. It analyzes the rate of change, the momentum, and the structure of market volatility to identify periods of expansion and contraction, providing a unique edge in anticipating major market moves. This document will serve as your comprehensive guide, breaking down every mathematical component, every user input, and every visual element to empower you with a profound understanding of how to harness its capabilities. 🔬 THEORETICAL FOUNDATION: THE MATHEMATICS OF MARKET DYNAMICS VoVix+ is built upon a multi-layered mathematical engine designed to measure what we call "second-order volatility." While standard indicators analyze price, and first-order volatility indicators (like ATR) analyze the range of price, VoVix+ analyzes the dynamics of the volatility itself. This provides insight into the market's underlying state of stability or chaos. 1. The VoVix Score: Measuring Volatility Thrust The core of the system begins with the VoVix Score. This is a normalized measure of volatility acceleration or deceleration. Mathematical Formula: VoVix Score = (ATR(fast) - ATR(slow)) / (StDev(ATR(fast)) + ε) Where: ATR(fast) is the Average True Range over a short period, representing current, immediate volatility. ATR(slow) is the Average True Range over a longer period, representing the baseline or established volatility. StDev(ATR(fast)) is the Standard Deviation of the fast ATR, which measures the "noisiness" or consistency of recent volatility. ε (epsilon) is a very small number to prevent division by zero. Market Implementation: Positive Score (Expansion): When the fast ATR is significantly higher than the slow ATR, it indicates a rapid increase in volatility. The market is "stretching" or expanding. Negative Score (Contraction): When the fast ATR falls below the slow ATR, it indicates a decrease in volatility. The market is "coiling" or contracting. Normalization: By dividing by the standard deviation, we normalize the score. This turns it into a standardized measure, allowing us to compare volatility thrust across different market conditions and timeframes. A score of 2.0 in a quiet market means the same, relatively, as a score of 2.0 in a volatile market. 2. Deviation Analysis (DEV): Gauging Volatility's Own Volatility The script then takes the analysis a step further. It calculates the standard deviation of the VoVix Score itself. Mathematical Formula: DEV = StDev(VoVix Score, lookback_period) Market Implementation: This DEV value represents the magnitude of chaos or stability in the market's volatility dynamics. A high DEV value means the volatility thrust is erratic and unpredictable. A low DEV value suggests the change in volatility is smooth and directional. 3. The DEVMA Crossover: Identifying Regime Shifts This is the primary signal generator. We take two moving averages of the DEV value. Mathematical Formula: fastDEVMA = SMA(DEV, fast_period) slowDEVMA = SMA(DEV, slow_period) The Core Signal: The strategy triggers on the crossover and crossunder of these two DEVMA lines. This is a profound concept: we are not looking at a moving average of price or even of volatility, but a moving average of the standard deviation of the normalized rate of change of volatility. Bullish Crossover (fastDEVMA > slowDEVMA): This signals that the short-term measure of volatility's chaos is increasing relative to the long-term measure. This often precedes a significant market expansion and is interpreted as a bullish volatility regime. Bearish Crossunder (fastDEVMA < slowDEVMA): This signals that the short-term measure of volatility's chaos is decreasing. The market is settling down or contracting, often leading to trending moves or range consolidation. ⚙️ INPUTS MENU: CONFIGURING YOUR ANALYSIS ENGINE Every input has been meticulously designed to give you full control over the strategy's behavior. Understanding these settings is key to adapting VoVix+ to your specific instrument, timeframe, and trading style. 🌀 VoVix DEVMA Configuration 🧬 Deviation Lookback: This sets the lookback period for calculating the DEV value. It defines the window for measuring the stability of the VoVix Score. A shorter value makes the system highly reactive to recent changes in volatility's character, ideal for scalping. A longer value provides a smoother, more stable reading, better for identifying major, long-term regime shifts. ⚡ Fast VoVix Length: This is the lookback period for the fastDEVMA. It represents the short-term trend of volatility's chaos. A smaller number will result in a faster, more sensitive signal line that reacts quickly to market shifts. 🐌 Slow VoVix Length: This is the lookback period for the slowDEVMA. It represents the long-term, baseline trend of volatility's chaos. A larger number creates a more stable, slower-moving anchor against which the fast line is compared. How to Optimize: The relationship between the Fast and Slow lengths is crucial. A wider gap (e.g., 20 and 60) will result in fewer, but potentially more significant, signals. A narrower gap (e.g., 25 and 40) will generate more frequent signals, suitable for more active trading styles. 🧠 Adaptive Intelligence 🧠 Enable Adaptive Features: When enabled, this activates the strategy's performance tracking module. The script will analyze the outcome of its last 50 trades to calculate a dynamic win rate. ⏰ Adaptive Time-Based Exit: If Enable Adaptive Features is on, this allows the strategy to adjust its Maximum Bars in Trade setting based on performance. It learns from the average duration of winning trades. If winning trades tend to be short, it may shorten the time exit to lock in profits. If winners tend to run, it will extend the time exit, allowing trades more room to develop. This helps prevent the strategy from cutting winning trades short or holding losing trades for too long. ⚡ Intelligent Execution 📊 Trade Quantity: A straightforward input that defines the number of contracts or shares for each trade. This is a fixed value for consistent position sizing. 🛡️ Smart Stop Loss: Enables the dynamic stop-loss mechanism. 🎯 Stop Loss ATR Multiplier: Determines the distance of the stop loss from the entry price, calculated as a multiple of the current 14-period ATR. A higher multiplier gives the trade more room to breathe but increases risk per trade. A lower multiplier creates a tighter stop, reducing risk but increasing the chance of being stopped out by normal market noise. 💰 Take Profit ATR Multiplier: Sets the take profit target, also as a multiple of the ATR. A common practice is to set this higher than the Stop Loss multiplier (e.g., a 2:1 or 3:1 reward-to-risk ratio). 🏃 Use Trailing Stop: This is a powerful feature for trend-following. When enabled, instead of a fixed stop loss, the stop will trail behind the price as the trade moves into profit, helping to lock in gains while letting winners run. 🎯 Trail Points & 📏 Trail Offset ATR Multipliers: These control the trailing stop's behavior. Trail Points defines how much profit is needed before the trail activates. Trail Offset defines how far the stop will trail behind the current price. Both are based on ATR, making them fully adaptive to market volatility. ⏰ Maximum Bars in Trade: This is a time-based stop. It forces an exit if a trade has been open for a specified number of bars, preventing positions from being held indefinitely in stagnant markets. ⏰ Session Management These inputs allow you to confine the strategy's trading activity to specific market hours, which is crucial for day trading instruments that have defined high-volume sessions (e.g., stock market open). 🎨 Visual Effects & Dashboard These toggles give you complete control over the on-chart visuals and the dashboard. You can disable any element to declutter your chart or focus only on the information that matters most to you. 📊 THE DASHBOARD: YOUR AT-A-GLANCE COMMAND CENTER The dashboard centralizes all critical information into one compact, easy-to-read panel. It provides a real-time summary of the market state and strategy performance. 🎯 VOVIX ANALYSIS Fast & Slow: Displays the current numerical values of the fastDEVMA and slowDEVMA. The color indicates their direction: green for rising, red for falling. This lets you see the underlying momentum of each line. Regime: This is your most important environmental cue. It tells you the market's current state based on the DEVMA relationship. 🚀 EXPANSION (Green) signifies a bullish volatility regime where explosive moves are more likely. ⚛️ CONTRACTION (Purple) signifies a bearish volatility regime, where the market may be consolidating or entering a smoother trend. Quality: Measures the strength of the last signal based on the magnitude of the DEVMA difference. An ELITE or STRONG signal indicates a high-conviction setup where the crossover had significant force. PERFORMANCE Win Rate & Trades: Displays the historical win rate of the strategy from the backtest, along with the total number of closed trades. This provides immediate feedback on the strategy's historical effectiveness on the current chart. EXECUTION Trade Qty: Shows your configured position size per trade. Session: Indicates whether trading is currently OPEN (allowed) or CLOSED based on your session management settings. POSITION Position & PnL: Displays your current position (LONG, SHORT, or FLAT) and the real-time Profit or Loss of the open trade. 🧠 ADAPTIVE STATUS Stop/Profit Mult: In this simplified version, these are placeholders. The primary adaptive feature currently modifies the time-based exit, which is reflected in how long trades are held on the chart. 🎨 THE VISUAL UNIVERSE: DECIPHERING MARKET GEOMETRY The visuals are not mere decorations; they are geometric representations of the underlying mathematical concepts, designed to give you an intuitive feel for the market's state. The Core Lines: FastDEVMA (Green/Maroon Line): The primary signal line. Green when rising, indicating an increase in short-term volatility chaos. Maroon when falling. SlowDEVMA (Aqua/Orange Line): The baseline. Aqua when rising, indicating a long-term increase in volatility chaos. Orange when falling. 🌊 Morphism Flow (Flowing Lines with Circles): What it represents: This visualizes the momentum and strength of the fastDEVMA. The width and intensity of the "beam" are proportional to the signal strength. Interpretation: A thick, steep, and vibrant flow indicates powerful, committed momentum in the current volatility regime. The floating '●' particles represent kinetic energy; more particles suggest stronger underlying force. 📐 Homotopy Paths (Layered Transparent Boxes): What it represents: These layered boxes are centered between the two DEVMA lines. Their height is determined by the DEV value. Interpretation: This visualizes the overall "volatility of volatility." Wider boxes indicate a chaotic, unpredictable market. Narrower boxes suggest a more stable, predictable environment. 🧠 Consciousness Field (The Grid): What it represents: This grid provides a historical lookback at the DEV range. Interpretation: It maps the recent "consciousness" or character of the market's volatility. A consistently wide grid suggests a prolonged period of chaos, while a narrowing grid can signal a transition to a more stable state. 📏 Functorial Levels (Projected Horizontal Lines): What it represents: These lines extend from the current fastDEVMA and slowDEVMA values into the future. Interpretation: Think of these as dynamic support and resistance levels for the volatility structure itself. A crossover becomes more significant if it breaks cleanly through a prior established level. 🌊 Flow Boxes (Spaced Out Boxes): What it represents: These are compact visual footprints of the current regime, colored green for Expansion and red for Contraction. Interpretation: They provide a quick, at-a-glance confirmation of the dominant volatility flow, reinforcing the background color. Background Color: This provides an immediate, unmistakable indication of the current volatility regime. Light Green for Expansion and Light Aqua/Blue for Contraction, allowing you to assess the market environment in a split second. 📊 BACKTESTING PERFORMANCE REVIEW & ANALYSIS The following is a factual, transparent review of a backtest conducted using the strategy's default settings on a specific instrument and timeframe. This information is presented for educational purposes to demonstrate how the strategy's mechanics performed over a historical period. It is crucial to understand that these results are historical, apply only to the specific conditions of this test, and are not a guarantee or promise of future performance. Market conditions are dynamic and constantly change. Test Parameters & Conditions To ensure the backtest reflects a degree of real-world conditions, the following parameters were used. The goal is to provide a transparent baseline, not an over-optimized or unrealistic scenario. Instrument: CME E-mini Nasdaq 100 Futures (NQ1!) Timeframe: 5-Minute Chart Backtesting Range: March 24, 2024, to July 09, 2024 Initial Capital: $100,000 Commission: $0.62 per contract (A realistic cost for futures trading). Slippage: 3 ticks per trade (A conservative setting to account for potential price discrepancies between order placement and execution). Trade Size: 1 contract per trade. Performance Overview (Historical Data) The test period generated 465 total trades , providing a statistically significant sample size for analysis, which is well above the recommended minimum of 100 trades for a strategy evaluation. Profit Factor: The historical Profit Factor was 2.663 . This metric represents the gross profit divided by the gross loss. In this test, it indicates that for every dollar lost, $2.663 was gained. Percent Profitable: Across all 465 trades, the strategy had a historical win rate of 84.09% . While a high figure, this is a historical artifact of this specific data set and settings, and should not be the sole basis for future expectations. Risk & Trade Characteristics Beyond the headline numbers, the following metrics provide deeper insight into the strategy's historical behavior. Sortino Ratio (Downside Risk): The Sortino Ratio was 6.828 . Unlike the Sharpe Ratio, this metric only measures the volatility of negative returns. A higher value, such as this one, suggests that during this test period, the strategy was highly efficient at managing downside volatility and large losing trades relative to the profits it generated. Average Trade Duration: A critical characteristic to understand is the strategy's holding period. With an average of only 2 bars per trade , this configuration operates as a very short-term, or scalping-style, system. Winning trades averaged 2 bars, while losing trades averaged 4 bars. This indicates the strategy's logic is designed to capture quick, high-probability moves and exit rapidly, either at a profit target or a stop loss. Conclusion and Final Disclaimer This backtest demonstrates one specific application of the VoVix+ framework. It highlights the strategy's behavior as a short-term system that, in this historical test on NQ1!, exhibited a high win rate and effective management of downside risk. Users are strongly encouraged to conduct their own backtests on different instruments, timeframes, and date ranges to understand how the strategy adapts to varying market structures. Past performance is not indicative of future results, and all trading involves significant risk. 🔧 THE DEVELOPMENT PHILOSOPHY: FROM VOLATILITY TO CLARITY The journey to create VoVix+ began with a simple question: "What drives major market moves?" The answer is often not a change in price direction, but a fundamental shift in market volatility. Standard indicators are reactive to price. We wanted to create a system that was predictive of market state. VoVix+ was designed to go one level deeper—to analyze the behavior, character, and momentum of volatility itself. The challenge was twofold. First, to create a robust mathematical model to quantify these abstract concepts. This led to the multi-layered analysis of ATR differentials and standard deviations. Second, to make this complex data intuitive and actionable. This drove the creation of the "Visual Universe," where abstract mathematical values are translated into geometric shapes, flows, and fields. The adaptive system was intentionally kept simple and transparent, focusing on a single, impactful parameter (time-based exits) to provide performance feedback without becoming an inscrutable "black box." The result is a tool that is both profoundly deep in its analysis and remarkably clear in its presentation. ⚠️ RISK DISCLAIMER AND BEST PRACTICES VoVix+ is an advanced analytical tool, not a guarantee of future profits. All financial markets carry inherent risk. The backtesting results shown by the strategy are historical and do not guarantee future performance. This strategy incorporates realistic commission and slippage settings by default, but market conditions can vary. Always practice sound risk management, use position sizes appropriate for your account equity, and never risk more than you can afford to lose. It is recommended to use this strategy as part of a comprehensive trading plan. This was developed specifically for Futures "The prevailing wisdom is that markets are always right. I take the opposite view. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis." — George Soros — Dskyz, Trade with insight. Trade with anticipation.
Strategia Pine Script®
di DskyzInvestments
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