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Time Zone PSenseiTitle: Time Zone PS Indicator Author: Orlando Depablos Description: The Time Zone PS Indicator is a tool designed to help traders visualize different trading sessions on their charts. It allows users to specify three different trading sessions: the start of the day, the London session, and the New York (NYC) session. Each session is represented by a distinct color-coded background on the chart. Features: Customizable Sessions: Traders can define the start time and end time for each trading session according to their preference. This flexibility enables users to tailor the indicator to their specific trading strategies session time zones. Session Display Control: Users have the option to choose whether they want to display each trading session on the chart. This feature allows for a clutter-free charting experience, where traders can focus on the sessions relevant to their analysis. Visual Clarity: The indicator uses distinct colors for each trading session, making it easy for traders to differentiate between different time zones. This visual clarity aids in quickly identifying key trading periods throughout the day. How to Use: Setting Up Sessions: Use the input options to define the start and end times for the start of the day, the London session, and the NYC session. Adjust these values based on your trading preferences and time zone. Display Preferences: Toggle the display options to choose which trading sessions you want to visualize on the chart. This allows for a customizable charting experience tailored to your specific needs. Interpreting the Chart: Once configured, the indicator will display color-coded backgrounds on the chart corresponding to the defined trading sessions. Interpret these visual cues to identify key trading periods and plan your trading strategies accordingly. Originality: The Time Zone PS Indicator adds value to the TradingView community by providing traders with a customizable tool to visualize different trading sessions. While similar indicators exist, this script offers flexibility and ease of use, enhancing the charting experience for traders across various time zones. Use Cases: Session-Based Analysis: Traders can use the indicator to analyze price action within specific trading sessions, such as the London or NYC session, to identify potential trading opportunities. Time Zone Adjustment: Traders operating in different time zones can adjust the indicator settings to align with their local trading hours, ensuring accurate visualization of relevant trading sessions. Strategy Development: The indicator can aid in the development of trading strategies that capitalize on price movements during specific trading sessions, helping traders optimize their trading performance. Chart Visualization: The indicator provides a clear and concise visualization of different trading sessions on the chart. Each session is represented by a color-coded background, allowing traders to quickly identify key trading periods and make informed trading decisions.
Indicatore Pine Script®
di mc_bosc
2
Williams %RDescription This is a modified version of the classic Williams %R oscillator, adapted for markets with defined trading sessions (e.g., FTSEMIB, DAX, US stocks, etc.). It adjusts the lookback period based on the actual trading session length, making it more accurate on intraday timeframes. Key Features Session Adjustment: Automatically scales the period to trading days (default: 8.5 hours for FTSEMIB, DAX, CAC; customizable for any market). Formula (classic Williams %R): %R = 100 × (Close - Highest High) / (Highest High - Lowest Low) over a user-defined period (default 14 days). Standard Levels: -20 (overbought) -50 (middle line) -80 (oversold) Visual Enhancements: - Customizable colors for the line, levels, and background fill - Shaded overbought/oversold zone How to Use: Overbought (above -20): Potential sell signal or reversal (especially after a prolonged uptrend). Oversold (below -80): Potential buy signal or reversal (especially after a downtrend). Divergences: Look for bullish/bearish divergences between price and %R for early reversal warnings. Best Markets: Indices (FTSEMIB, DAX, SPX), stocks, futures. For 24/7 markets (crypto), set session duration to 24 hours. Timeframes: Works on intraday (15m, 1h, etc.) and daily charts. Customization Tips: - Adjust the period (shorter = more sensitive, longer = smoother). - Change session duration for different markets. - Customize colors to match your chart theme. Note: Williams %R is a momentum oscillator and should be used in combination with other tools (trendlines, support/resistance, volume). Always practice proper risk management.
Indicatore Pine Script®
di fpsantoro
AMDX/XAMD indicatorThe AMDX/XAMD indicator is designed to highlight specific trading sessions on the chart using distinct colors and optional vertical lines. Users can choose between two session types, AMDX or XAMD, and customize the visual appearance of the sessions. This tool is particularly useful for traders who want to analyze market behavior during different trading periods. Meaning of AMDX: A: Accumulation M: Manipulation D: Distribution X: Continuation Or Reversal Features: Session Highlighting: AMDX Sessions: Split into four segments - A, M, D, X. XAMD Sessions: Split into four segments - X, A, M, D. Customizable Colors: Choose individual colors for each session (A, M, D, X). Adjust the transparency of the session boxes for better visual integration with the chart. Drawing Styles: Box Style: Draws colored boxes around the session ranges. Line Style: Draws vertical lines at session start and end times. Vertical Lines: Option to enable or disable vertical lines at session boundaries. Customizable line style: Solid, Dotted, or Dashed. Session Labels: Automatically labels each session for easy identification. Customization Options: Session Type: Select between AMDX and XAMD session types. Colors: Set custom colors for each session and vertical lines. Border Width: Adjust the width of the session box borders. Transparency: Control the transparency level of the session boxes. Drawing Style: Choose between Box and Line styles for session representation. Vertical Lines: Enable or disable vertical lines and select the line style. How It Works: The indicator calculates the start and end times for each session based on the selected session type (AMDX or XAMD). It then draws either boxes or lines to highlight these sessions on the chart. The indicator also includes options to draw vertical lines at the session boundaries and labels each session with a corresponding letter (A, M, D, X). Use Cases: Market Session Analysis: Easily identify and analyze market behavior during different trading sessions. Intraday Trading: Helps intraday traders to focus on specific time segments of the trading day. Visual Segmentation: Provides a clear visual segmentation of the trading day, aiding in better decision-making. Times for AMDX/XAMD session: A Session: 18:00 (previous day) to 03:00 (current day) M Session: 03:00 to 09:00 D Session: 09:00 to 12:00 X Session: 12:00 to 18:00 Time for the XAMD session : X Session: 18:00 (previous day) to 00:00 (current day) A Session: 00:00 to 09:00 M Session: 09:00 to 12:00 D Session: 12:00 to 18:00
Indicatore Pine Script®
di Noxthinmarket
3
Custom V2 KillZone US / FVG / EMAThis indicator is designed for traders looking to analyze liquidity levels, opportunity zones, and the underlying trend across different trading sessions. Inspired by the ICT methodology, this tool combines analysis of Exponential Moving Averages (EMA), session management, and Fair Value Gap (FVG) detection to provide a structured and disciplined approach to trading effectively. Indicator Features Identifying the Underlying Trend with Two EMAs The indicator uses two EMAs on different, customizable timeframes to define the underlying trend: EMA1 (default set to a daily timeframe): Represents the primary underlying trend. EMA2 (default set to a 4-hour timeframe): Helps identify secondary corrections or impulses within the main trend. These two EMAs allow traders to stay aligned with the market trend by prioritizing trades in the direction of the moving averages. For example, if prices are above both EMAs, the trend is bullish, and long trades are favored. Analysis of Market Sessions The indicator divides the day into key trading sessions: Asian Session London Session US Pre-Open Session Liquidity Kill Session US Kill Zone Session Each session is represented by high and low zones as well as mid-lines, allowing traders to visualize liquidity levels reached during these periods. Tracking the price levels in different sessions helps determine whether liquidity levels have been "swept" (taken) or not, which is essential for ICT methodology. Liquidity Signal ("OK" or "STOP") A specific signal appears at the end of the "Liquidity Kill" session (just before the "US Kill Zone" session): "OK" Signal: Indicates that liquidity conditions are favorable for trading the "US Kill Zone" session. This means that liquidity levels have been swept in previous sessions (Asian, London, US Pre-Open), and the market is ready for an opportunity. "STOP" Signal: Indicates that it is not favorable to trade the "US Kill Zone" session, as certain liquidity conditions have not been met. The "OK" or "STOP" signal is based on an analysis of the high and low levels from previous sessions, allowing traders to ensure that significant liquidity zones have been reached before considering positions in the "Kill Zone". Detection of Fair Value Gaps (FVG) in the US Kill Zone Session When an "OK" signal is displayed, the indicator identifies Fair Value Gaps (FVG) during the "US Kill Zone" session. These FVGs are areas where price may return to fill an "imbalance" in the market, making them potential entry points. Bullish FVG: Detected when there is a bullish imbalance, providing a buying opportunity if conditions align with the underlying trend. Bearish FVG: Detected when there is a bearish imbalance, providing a selling opportunity in the trend direction. FVG detection aligns with the ICT Silver Bullet methodology, where these imbalance zones serve as probable entry points during the "US Kill Zone". How to Use This Indicator Check the Underlying Trend Before trading, observe the two EMAs (daily and 4-hour) to understand the general market trend. Trades will be prioritized in the direction indicated by these EMAs. Monitor Liquidity Signals After the Asian, London, and US Pre-Open Sessions The high and low levels of each session help determine if liquidity has already been swept in these areas. At the end of the "Liquidity Kill" session, an "OK" or "STOP" label will appear: "OK" means you can look for trading opportunities in the "US Kill Zone" session. "STOP" means it is preferable not to take trades in the "US Kill Zone" session. Look for Opportunities in the US Kill Zone if the Signal is "OK" When the "OK" label is present, focus on the "US Kill Zone" session. Use the Fair Value Gaps (FVG) as potential entry points for trades based on the ICT methodology. The identified FVGs will appear as colored boxes (bullish or bearish) during this session. Use ICT Methodology to Manage Your Trades Follow the FVGs as potential reversal zones in the direction of the trend, and manage your positions according to your personal strategy and the rules of the ICT Silver Bullet method. Customizable Settings The indicator includes several customization options to suit the trader's preferences: EMA: Length, source (close, open, etc.), and timeframe. Market Sessions: Ability to enable or disable each session, with color and line width settings. Liquidity Signals: Customization of colors for the "OK" and "STOP" labels. FVG: Option to display FVGs or not, with customizable colors for bullish and bearish FVGs, and the number of bars for FVG extension. ------------------------------------------------------------------------------------------------------------- Cet indicateur est conçu pour les traders souhaitant analyser les niveaux de liquidité, les zones d’opportunité, et la tendance de fond à travers différentes sessions de trading. Inspiré de la méthodologie ICT, cet outil combine l'analyse des moyennes mobiles exponentielles (EMA), la gestion des sessions de marché, et la détection des Fair Value Gaps (FVG), afin de fournir une approche structurée et disciplinée pour trader efficacement.
Indicatore Pine Script®
di LauryGinal
High Low Levels by JZCustom High Low Levels Indicator - features Clearly plotted high and low levels for specific trading sessions. This indicator provides visual representations of key price levels during various trading periods. Below are the main features and benefits of this indicator: 1. Display high and low levels for each session - previous day high/low: display the high and low from the previous day, giving you a better understanding of how the price moves compared to the prior day. - asia, london, and custom sessions: track the high and low levels for the major trading sessions (asian and london) and two custom user-defined sessions. 2. Complete line and label customization - custom line appearance: choose the color, line style (solid, dashed, dotted), and line thickness for each trading session. you can also decide if the lines should extend beyond the current price action. - custom labels: define your own label texts for each custom session. this way, you can label the levels precisely and easily track price movements. 3. Define your own trading sessions - add up to two custom sessions (custom and custom 2), which can be defined using precise start and end times (hour and minute). - each custom session allows you to specify the label text for the high and low levels, enabling you to easily differentiate different parts of the day on the chart. 4. Clear and intuitive design - grouped settings: all settings are grouped based on trading sessions, so you can easily customize every aspect of the visual representation. - simple toggle on/off: you can easily enable or disable each line (previous day, asia, london, custom 1, custom 2). this allows you to keep your chart clean and focus only on the important levels you need at any moment. 5. Flexible time zones - time zone settings: set the time zone (utc, europe/london, america/new_york, asia/tokyo) to properly align the timeframes for each level depending on the market you're focusing on. 6. Automatic cleanup of old lines and labels - old levels removal: automatically remove old lines and labels to prevent clutter on your chart. this ensures that only current, relevant levels for each trading day or session are displayed. 7. Precise plotting and line extension - accurate level markings: the indicator calculates the precise times when the high and low levels were reached and plots lines that visually represent these levels. - line extension options: you have the option to extend the high/low lines beyond their point of calculation, which helps with identifying price action trends beyond the current period. Dec 7, 2024 Release Notes Changes and Improvements for Users: 1. Customizable Offset for Lines and Labels: - A new input, `Line and Label Offset`, allows users to control how far the lines and their associated text labels extend. This ensures the labels and lines remain aligned and can be adjusted as needed. 2. Unified Offset Control: - The same offset value is applied to all types of lines and labels (e.g., Previous Day High/Low, Asia High/Low, London High/Low, and custom sessions). Users can change this in one place to affect the entire script consistently. 3. Enhanced Flexibility: - Users now have more control over the appearance and position of their lines and labels, making the indicator adaptable to different chart setups and personal preferences. These updates aim to enhance user convenience and customization, ensuring a more tailored charting experience.
Indicatore Pine Script®
di JanZhor
Volume Profile [Makit0]VOLUME PROFILE INDICATOR v0.5 beta Volume Profile is suitable for day and swing trading on stock and futures markets, is a volume based indicator that gives you 6 key values for each session: POC, VAH, VAL, profile HIGH, LOW and MID levels. This project was born on the idea of plotting the RTH sessions Value Areas for /ES in an automated way, but you can select between 3 different sessions: RTH, GLOBEX and FULL sessions. Some basic concepts: - Volume Profile calculates the total volume for the session at each price level and give us market generated information about what price and range of prices are the most traded (where the value is) - Value Area (VA): range of prices where 70% of the session volume is traded - Value Area High (VAH): highest price within VA - Value Area Low (VAL): lowest price within VA - Point of Control (POC): the most traded price of the session (with the most volume) - Session HIGH, LOW and MID levels are also important There are a huge amount of things to know of Market Profile and Auction Theory like types of days, types of openings, relationships between value areas and openings... for those interested Jim Dalton's work is the way to come I'm in my 2nd trading year and my goal for this year is learning to daytrade the futures markets thru the lens of Market Profile For info on Volume Profile: TV Volume Profile wiki page at www.tradingview.com For info on Market Profile and Market Auction Theory: Jim Dalton's book Mind over markets (this is a MUST) BE AWARE: this indicator is based on the current chart's time interval and it only plots on 1, 2, 3, 5, 10, 15 and 30 minutes charts. This is the correlation table TV uses in the Volume Profile Session Volume indicator (from the wiki above) Chart Indicator 1 - 5 1 6 - 15 5 16 - 30 10 31 - 60 15 61 - 120 30 121 - 1D 60 This indicator doesn't follow that correlation, it doesn't get the volume data from a lower timeframe, it gets the data from the current chart resolution. FEATURES - 6 key values for each session: POC (solid yellow), VAH (solid red), VAL (solid green), profile HIGH (dashed silver), LOW (dashed silver) and MID (dotted silver) levels - 3 sessions to choose for: RTH, GLOBEX and FULL - select the numbers of sessions to plot by adding 12 hours periods back in time - show/hide POC - show/hide VAH & VAL - show/hide session HIGH, LOW & MID levels - highlight the periods of time out of the session (silver) - extend the plotted lines all the way to the right, be careful this can turn the chart unreadable if there are a lot of sessions and lines plotted SETTINGS - Session: select between RTH (8:30 to 15:15 CT), GLOBEX (17:00 to 8:30 CT) and FULL (17:00 to 15:15 CT) sessions. RTH by default - Last 12 hour periods to show: select the deph of the study by adding periods, for example, 60 periods are 30 natural days and around 22 trading days. 1 period by default - Show POC (Point of Control): show/hide POC line. true by default - Show VA (Value Area High & Low): show/hide VAH & VAL lines. true by default - Show Range (Session High, Low & Mid): show/hide session HIGH, LOW & MID lines. true by default - Highlight out of session: show/hide a silver shadow over the non session periods. true by default - Extension: Extend all the plotted lines to the right. false by default HOW TO SETUP BE AWARE THIS INDICATOR PLOTS ONLY IN THE FOLLOWING CHART RESOLUTIONS: 1, 2, 3, 5, 10, 15 AND 30 MINUTES CHARTS. YOU MUST SELECT ONE OF THIS RESOLUTIONS TO THE INDICATOR BE ABLE TO PLOT - By default this indicator plots all the levels for the last RTH session within the last 12 hours, if there is no plot try to adjust the 12 hours periods until the seesion and the periods match - For Globex/Full sessions just select what you want from the dropdown menu and adjust the periods to plot the values - Show or hide the levels you want with the 3 groups: POC line, VA lines and Session Range lines - The highlight and extension options are for a better visibility of the levels as POC or VAH/VAL THANKS TO @watsonexchange for all the help, ideas and insights on this and the last two indicators (Market Delta & Market Internals) I'm working on my way to a 'clean chart' but for me it's not an easy path @PineCoders for all the amazing stuff they do and all the help and tools they provide, in special the Script-Stopwatch at that was key in lowering this indicator's execution time All the TV and Pine community, open source and shared knowledge are indeed the best way to help each other IF YOU REALLY LIKE THIS WORK, please send me a comment or a private message and TELL ME WHAT you trade, HOW you trade it and your FAVOURITE SETUP for pulling out money from the market in a consistent basis, I'm learning to trade (this is my 2nd year) and I need all the help I can get GOOD LUCK AND HAPPY TRADING
Indicatore Pine Script®
di makit0
65
[Statistics] killzone SFPSFP Statistics (ICT Sessions) This indicator automatically finds and draws the high and low of the Asia, London, and New York trading sessions. It then hunts for Swing Failure Patterns (SFPs) that sweep these key session levels. The main purpose of this script is to gather statistics on when these high-probability SFPs occur, allowing you to map out and identify the times of day when they are most frequent. How to Use This Indicator Set Your SFP Timeframe: In the settings, choose the timeframe you want to hunt for SFPs on (e.g., 1H, 15m). Important: You must also set your main chart to this exact same timeframe for the statistics to be collected correctly. Define Your Sessions: Go to the "Session Definitions" tab. Set the Global Timezone to your preferred trading timezone (e.g., "America/New_York"). This controls all session times and table times. Adjust the start and end times for Asia, London, and NY AM sessions. You can turn off sessions you don't want to track (like NY Lunch or NY PM). You can also change the colors and text style for the session boxes here. Set Confirmation Bars: In "SFP Engine Settings," the "Confirmation Bars" (default is 2) defines how many bars must close after the SFP bar without invalidating the level. An SFP is only "confirmed" and drawn after this period. 0 = Confirms immediately on the SFP candle's close. 2 = Confirms 2 bars after the SFP candle's close. Read the Statistics: The "Custom SFP Statistics" table will appear on your chart. This table logs every confirmed SFP and tells you: Which time of day they happen most. How many were Bearish (swept a high) vs. Bullish (swept a low). It's set by default to show the "Top 20" most frequent times, sorted chronologically. Filter Your Chart (Optional): If your chart feels cluttered, go to "Visual Time Filter" and turn it ON. Set a time window (e.g., "09:30-11:00"). The indicator will now only draw SFP signals that occurred within that specific time window. This is perfect for focusing on a single killzone. How to Set Up Alerts You can set up server-side alerts to be notified every time a new SFP is confirmed. Check the "Enable SFP Alerts" box at the top of the indicator's settings. Click the "Alert" button (alarm clock icon) on the TradingView toolbar. In the "Condition" dropdown, select "SFP Statistics (ICT Sessions)". In the second dropdown, choose "Any alert() function call". Most Important Step: In the "Message" box, delete any default text and type in this exact placeholder: {{alert_message}} Set the trigger to "Once Per Bar Close". Click "Create". How Alerts Work (Triggers & Filtering) Trigger: Alerts are tied to the confirmed signal. An alert will only fire after your "Confirmation Bars" have passed and the SFP is locked in. This prevents you from getting alerts on fake-outs. Alert Filtering: The alerts are linked to the "Visual Time Filter". If you turn on the Visual Time Filter (e.g., to 09:30-11:00), you will only receive alerts for SFPs that are confirmed within that time window. If an SFP happens at 14:00, the script will ignore it, it will not be drawn, and it will not send you an alert. This allows you to get alerts only for the session you are actively trading. Note: This is a first draft of this indicator. I will continue to work on it and improve it over time, as it may still contain small bugs. Acknowledgements: A big thank you to TFO (tradeforopp). The session detection logic and the visual style for the session boxes were adapted from his excellent "ICT Killzones & Pivots " indicator.
Indicatore Pine Script®
di nickbonenkamp
1
Historical VolatilityHistorical Volatility Indicator with Custom Trading Sessions Overview This indicator calculates **annualized Historical Volatility (HV)** using logarithmic returns and standard deviation. Unlike standard HV indicators, this version allows you to **customize trading sessions and holidays** for different markets, ensuring accurate volatility calculations for options pricing and risk management. Key Features ✅ Custom Trading Sessions - Define multiple trading sessions per day with precise start/end times ✅ Multiple Markets Support - Pre-configured for US, Russian, European, and crypto markets ✅ Clearing Periods Handling - Account for intraday clearing breaks ✅ Flexible Calendar - Set trading days per year for different countries ✅ All Timeframes - Works correctly on intraday, daily, weekly, and monthly charts ✅ Info Table - Optional display showing calculation parameters How It Works The indicator uses the classical volatility formula: σ_annual = σ_period × √(periods per year) Where: - σ_period = Standard deviation of logarithmic returns over the specified period - Periods per year = Calculated based on actual trading time (not calendar time) Calculation Method 1. Computes log returns: ln(close / close ) 2. Calculates standard deviation over the lookback period 3. Annualizes using the square root rule with accurate period count 4. Displays as percentage Settings Calculation - Period (default: 10) - Lookback period for volatility calculation Trading Schedule - Trading Days Per Year (default: 252) - Number of actual trading days - USA: 252 - Russia: 247-250 - Europe: 250-253 - Crypto (24/7): 365 - Trading Sessions - Define trading hours in format: `hh:mm:ss-hh:mm:ss, hh:mm:ss-hh:mm:ss` Display - Show Info Table - Shows calculation parameters in real-time Market Presets United States (NYSE/NASDAQ) Trading Sessions: 09:30:00-16:00:00 Trading Days Per Year: 252 Trading Minutes Per Day: 390 Russia (MOEX) Trading Sessions: 10:00:00-14:00:00, 14:05:00-18:40:00 Trading Days Per Year: 248 Trading Minutes Per Day: 515 Europe (LSE) Trading Sessions: 08:00:00-16:30:00 Trading Days Per Year: 252 Trading Minutes Per Day: 510 Germany (XETRA) Trading Sessions: 09:00:00-17:30:00 Trading Days Per Year: 252 Trading Minutes Per Day: 510 Cryptocurrency (24/7) Trading Sessions: 00:00:00-23:59:59 Trading Days Per Year: 365 Trading Minutes Per Day: 1440 Use Cases Options Trading - Compare HV vs IV - Historical volatility compared to implied volatility helps identify mispriced options - Volatility mean reversion - Identify when volatility is unusually high or low - Straddle/strangle selection - Choose optimal strikes based on historical movement Risk Management - Position sizing - Adjust position size based on current volatility - Stop-loss placement - Set stops based on expected price movement - Portfolio volatility - Monitor individual asset volatility contribution Market Analysis - Regime identification - Detect transitions between low and high volatility environments - Cross-market comparison - Compare volatility across different assets and markets Why Accurate Trading Hours Matter Standard HV indicators assume 24-hour trading or use simplified day counts, leading to significant errors in annualized volatility: - 5-minute chart error : Can be off by 50%+ if using wrong period count - Options pricing impact : Even 2-3% HV error affects option values substantially - Intraday vs overnight : Correctly excludes non-trading periods This indicator ensures your HV calculations match the methodology used in professional options pricing models. Technical Notes - Uses actual trading minutes, not calendar days - Handles multiple clearing periods within a single trading day - Properly scales volatility across all timeframes - Logarithmic returns for more accurate volatility measurement - Compatible with Pine Script v6 Author Notes: This indicator was designed specifically for options traders who need precise volatility measurements across different global markets. The customizable trading sessions ensure your HV calculations align with actual market hours and industry-standard options pricing models.
Indicatore Pine Script®
di kni85
ICT Opening Range Projections (tristanlee85)ICT Opening Range Projections This indicator visualizes key price levels based on ICT's (Inner Circle Trader) "Opening Range" concept. This 30-minute time interval establishes price levels that the algorithm will refer to throughout the session. The indicator displays these levels, including standard deviation projections, internal subdivisions (quadrants), and the opening price. 🟪 What It Does The Opening Range is a crucial 30-minute window where market algorithms establish significant price levels. ICT theory suggests this range forms the basis for daily price movement. This script helps you: Mark the high, low, and opening price of each session. Divide the range into quadrants (premium, discount, and midpoint/Consequent Encroachment). Project potential price targets beyond the range using configurable standard deviation multiples . 🟪 How to Use It This tool aids in time-based technical analysis rooted in ICT's Opening Range model, helping you observe price interaction with algorithmic levels. Example uses include: Identifying early structural boundaries. Observing price behavior within premium/discount zones. Visualizing initial displacement from the range to anticipate future moves. Comparing price reactions at projected standard deviation levels. Aligning price action with significant times like London or NY Open. Note: This indicator provides a visual framework; it does not offer trade signals or interpretations. 🟪 Key Information Time Zone: New York time (ET) is required on your chart. Sessions: Supports multiple sessions, including NY midnight, NY AM, NY PM, and three custom timeframes. Time Interval: Supports multi-timeframe up to 15 minutes. Best used on a 1-minute chart for accuracy. 🟪 Session Options The Opening Range interval is configurable for up to 6 sessions: Pre-defined ICT Sessions: NY Midnight: 12:00 AM – 12:30 AM ET NY AM: 9:30 AM – 10:00 AM ET NY PM: 1:30 PM – 2:00 PM ET Custom Sessions: Three user-defined start/end time pairs. This example shows a custom session from 03:30 - 04:00: 🟪 Understanding the Levels The Opening Price is the open of the first 1-minute candle within the chosen session. At session close, the Opening Range is calculated using its High and Low . An optional swing-based mode uses swing highs/lows for range boundaries. The range is divided into quadrants by its midpoint ( Consequent Encroachment or CE): Upper Quadrant: CE to high (premium). Lower Quadrant: Low to CE (discount). These subdivisions help visualize internal range dynamics, where price often reacts during algorithmic delivery. 🟪 Working with Ranges By default, the range is determined by the highest high and lowest low of the 30-minute session: A range can also be determined by the highest/lowest swing points: Quadrants outline the premium and discount of a range that price will reference: Small ranges still follow the same algorithmic logic, but may be deemed insignificant for one's trading. These can be filtered in the settings by specifying a minimum ticks limit. In this example, the range is 42 ticks (10.5 points) but the indicator is configured for 80 ticks (20 points). We can select which levels will plot if the range is below the limit. Here, only the 00:00 opening price is plotted: You may opt to include the range high/low, quadrants, and projections as well. This will plot a red (configurable) range bracket to indicate it is below the limit while plotting the levels: 🟪 Price Projections Projections extend beyond the Opening Range using standard deviations, framing the market beyond the initial session and identifying potential targets. You define the standard deviation multiples (e.g., 1.0, 1.5, 2.0). Both positive and negative extensions are displayed, symmetrically projected from the range's high and low. The Dynamic Levels option plots only the next projection level once price crosses the previous extreme. For example, only the 0.5 STDEV level plots until price reaches it, then the 1.0 level appears, and so on. This continues up to your defined maximum projections, or indefinitely if standard deviations are set to 0. This example shows dynamic levels for a total of 6 sessions, only 1 of which meet a configured minimum limit of 50 ticks: Small ranges followed by significant displacement are impacted the most with the number of levels plotted. You may hide projections when configuring the minimum ticks. A fixed standard deviation will plot levels in both directions, regardless of the price range. Here, we plot up to 3.0 which hiding projections for small ranges: 🟪 Legal Disclaimer This indicator is provided for informational and educational purposes only. It is not financial advice, and should not be construed as a recommendation to buy or sell any financial instrument. Trading involves substantial risk, and you could lose a significant amount of money. Past performance is not indicative of future results. Always consult with a qualified financial professional before making any trading or investment decisions. The creators and distributors of this indicator assume no responsibility for your trading outcomes.
Indicatore Pine Script®
di tristanlee85
10
Session Seed Range (LON / FRA / NY / CME / ASIA + 3 Custom) — v6Session Seed Range → Lines (LON / FRA / NY / CME / ASIA + 3 Custom) What it does This tool draws two horizontal levels—the High and Low of a short seed window at each market open (e.g., London 09:00–09:05)—and extends them to the session close (e.g., 17:30). An optional Mid line (average of seed High/Low) can be displayed as well. Included sessions • London, Frankfurt, New York, CME, Asia • Plus 3 fully custom sessions (name, seed window, session end) Key features • Seed window → extended lines: Capture the initial opening move and project it across the trading session. • Timezone dropdown: Choose from common IANA timezones (incl. Europe/Istanbul)—no manual offset math. • Label language: DE / EN / TR (or Off) for price labels at the right edge. • Show/Hide Mid line per your preference. • 3 custom sessions: Add your own schedules with custom names. • Per-session styling: Colors and widths for High/Low/Mid. • Lightweight: Works on any timeframe. ________________________________________ Quick start 1. Pick your Timezone in the Inputs. 2. Enable a session (e.g., London) and set its Seed (HHMM–HHMM) and Session End (HHMM). 3. Optionally turn on Show mid line and Labels (DE/EN/TR). 4. Repeat for other sessions or use the Custom A/B/C blocks. Tip: The seed window must be visible on the chart’s timeframe so the High/Low can be collected. If you don’t see lines, zoom in or use a lower timeframe. ________________________________________ Inputs overview • Timezone: IANA timezone selection. • Labels: Off / DE / EN / TR + label offset (ticks). • Show mid line: Toggle Mid (average of seed High/Low). • Session blocks (London, Frankfurt, New York, CME, Asia, Custom A/B/C): o Enable, Seed (HHMM–HHMM), Session End (HHMM) o High/Low/Mid colors, Width ________________________________________ Notes & limitations • Lines are built from the seed window only; they do not repaint once the seed completes. • If the chart timeframe is too high to include the seed window, switch to a lower TF or widen the seed. • This indicator is for analysis/education only and not financial advice. ________________________________________ Changelog (suggested) • v1.0.0 — Initial release: LON/FRA/NY/CME/ASIA + 3 Custom, TZ dropdown, labels DE/EN/TR, Mid toggle. ________________________________________ If you want a shorter “store blurb” version, use: Draws High/Low of a small opening seed window (e.g., London 09:00–09:05) and extends them to session close. Includes London, Frankfurt, New York, CME, Asia + 3 custom sessions. Timezone dropdown (incl. Europe/Istanbul), labels in DE/EN/TR (or Off), optional Mid line, per-session styling. Seed window must be visible on your timeframe. Not financial advice.
Indicatore Pine Script®
di ayhan_yuecel
DCStatCalcs_v0.1DCStatCalcs_v0.1 - Session-Based Statistical Projections This Pine Script indicator overlays customizable horizontal lines on your chart to visualize a session's opening price and its statistical projections based on historical standard deviation (SD). Designed for traders who want to analyze price behavior within defined time sessions, it calculates and plots the session open price along with optional projection lines at 0.5, 1.0, 1.5, 2.0, and 2.5 standard deviations above and below the open, derived from past session data. Key Features: Customizable Sessions: Define your session time (e.g., 0600-1500) and timezone (e.g., America/New_York). Historical Analysis: Uses a user-specified number of past sessions (default: 20) to compute the standard deviation of price movements relative to the session open. Projection Lines: Displays toggleable lines at multiple SD levels with adjustable styles, colors, and widths for easy visualization. Flexible Display: Extend lines beyond the current bar with an offset setting, and adjust label sizes for clarity. Real-Time Updates: Lines dynamically extend as the session progresses, keeping projections relevant to the current bar. How It Works: At the start of each user-defined session, the indicator records the opening price and calculates the SD based on price deviations from the open across historical sessions. It then plots the open price line and, if enabled, projection lines at the specified SD intervals. These lines help traders identify potential support, resistance, or volatility zones based on statistical norms. Use Case: Ideal for day traders or analysts working with intraday charts to gauge price ranges and volatility within specific trading sessions, such as market opens or key economic hours. Published under the Mozilla Public License 2.0. Created by dc_77.
Indicatore Pine Script®
di dc_77
6
AllDay Session TimesIndicator: Custom Session Times This indicator is designed to assist traders by visualizing specific trading session times on the TradingView platform. It highlights two important trading sessions: the Day Session and the Evening Session, providing a visual aid that helps traders navigate the markets with greater accuracy. Day Session Time Range: Starts: 10:55 UTC+2 Ends: 13:30 UTC+2 Evening Session Time Range: Starts: 16:55 UTC+2 Ends: 18:30 UTC+2 How It Works: Colors and Backgrounds: This indicator uses background colors to differentiate the sessions. The green background appears during the Day Session, while the blue background indicates the Evening Session. Lines: Session time ranges are also marked with clear lines on the chart, making it easier to identify the specific session periods. Time Zone: The time zone is set to UTC+2 (Europe/Helsinki), but it can easily be adjusted to match your local time zone. Why Use This Indicator? This indicator is especially useful for traders who focus on specific market sessions. For example: The Day Session might be when the market is more active, and trends are clearer. The Evening Session could be a good time to observe market adjustments based on the events of the day and find potential trading opportunities. By visualizing these specific time frames, the indicator helps reduce distractions and enables a more focused approach to trading. Use Cases: This indicator is ideal for: Day traders and swing traders who want to focus on certain market sessions. Technical analysts who prefer to visualize market behavior within specific time frames. Strategy optimization and a more precise assessment of market conditions. Features: Visual session markers that help traders focus on key trading periods. Easy customization of time zone and session time ranges. Background colors and lines that improve chart readability and session tracking. Made By AllDayEsa
Indicatore Pine Script®
di esa_takamaki
Luxy VWAP Magic - MTF Projection EngineThis indicator transforms the classic VWAP into a comprehensive trading system. Instead of switching between multiple indicators, you get everything in one place: multi-timeframe analysis, statistical bands, momentum detection, volume profiling, session tracking, and divergence signals. What Makes This Different Traditional VWAP indicators show a single line. This tool treats VWAP as a foundation for complete market analysis. The indicator automatically detects your asset type (stocks, crypto, forex, futures) and adjusts its behavior accordingly. Crypto traders get 24/7 session tracking. Stock traders get proper market hours handling. Everyone gets institutional-grade analytics. Anchor Period Options The anchor period determines when VWAP resets and recalculates. You have three categories of options: Time-Based Anchors: Session - Resets at market open. Best for intraday stock trading where you want fresh VWAP each day. Day - Resets at midnight UTC. Standard option for most traders. Week / Month / Quarter / Year - Longer reset periods for swing traders and position traders who want broader context. Rolling Window Anchors: Rolling 5D - A sliding 5-day window that never resets. Solves the Monday problem where weekly VWAP equals daily VWAP on first day of week. Rolling 21D - Approximately one month of trading data in continuous calculation. Excellent for crypto and forex markets that trade 24/7 without clear session breaks. Event-Based Anchors: Dividends - Resets on ex-dividend dates. Track institutional cost basis from dividend events. Splits - Resets on stock split dates. Useful for analyzing post-split trading behavior. Earnings - Resets on earnings report dates. See where volume-weighted trading occurred since last quarterly report. Standard Deviation Bands Three sets of bands surround the main VWAP line: Band 1 (Aqua) - Plus and minus one standard deviation. Approximately 68% of price action occurs within this range under normal distribution. Touches suggest minor extension. Band 2 (Fuchsia) - Plus and minus two standard deviations. Only 5% of trading should occur outside this range statistically. Touches here indicate significant overextension and high probability of mean reversion. Band 3 (Purple) - Plus and minus three standard deviations. Touches are rare (0.3% probability) and represent extreme conditions. Often marks climax moves or panic selling/buying. Each band can be toggled independently. Most traders show Band 1 by default and add Band 2 and 3 for specific setups or volatile instruments. Multi-Timeframe VWAP System The MTF section plots previous period VWAPs as horizontal support and resistance levels: Daily VWAP - Previous day's final VWAP value. Key intraday reference level. Weekly VWAP - Previous week's final VWAP. Important for swing traders. Monthly VWAP - Previous month's final VWAP. Institutional benchmark level. Quarterly VWAP - Previous quarter's final VWAP. Major support/resistance for position traders. Previous Day VWAP - Yesterday's closing VWAP specifically, separate from current daily calculation. The Confluence Zone percentage setting determines how close multiple VWAPs must be to trigger a confluence alert. When two or more timeframe VWAPs converge within this threshold, you get a high-probability support/resistance zone. Session VWAPs for Global Markets For forex, crypto, and futures traders who operate in 24/7 markets, the indicator tracks three major global sessions: Asia Session - UTC 21:00 to 08:00. Gold colored line. Typically lower volatility, range-bound action that sets overnight levels. London Session - UTC 08:00 to 17:00. Orange colored line. Often determines daily direction with high volume European participation. New York Session - UTC 13:00 to 22:00. Blue colored line. Highest volume session globally. Sharp directional moves common. Previous session VWAP values display as horizontal lines when each session closes, acting as intraday support and resistance. The table shows which sessions are currently active with checkmarks. On-Chart Labels and Signals The indicator plots several types of labels directly on price action when significant events occur: Volume Spike Labels Fire when current bar volume exceeds configurable thresholds relative to both the previous bar and the 20-bar average. Default settings require 300% of previous bar AND 200% of average volume. Green labels indicate bullish candles. Red labels indicate bearish candles. These spikes often mark institutional entry points. Momentum Shift Labels Appear when VWAP acceleration changes direction. The Slowing label warns when an active trend loses steam, often preceding reversal. The Accelerating label confirms trend continuation or potential bottom during downtrends. Filters available to show only reversal signals in existing trends. VWAP Squeeze Labels Detect when standard deviation bands contract relative to ATR (Average True Range). Low volatility compression often precedes explosive breakout moves. When the squeeze fires (releases), a label appears with directional prediction based on VWAP slope. Divergence Labels Mark price/volume divergences using CVD (Cumulative Volume Delta) analysis: Bullish divergence: Price makes lower low, but CVD makes higher low. Hidden accumulation despite price weakness. Bearish divergence: Price makes higher high, but CVD makes lower high. Hidden distribution despite price strength. Dynamic VWAP Coloring The main VWAP line changes color based on its slope direction: Green - VWAP is rising. Institutional buying pressure. Volume-weighted price increasing. Red - VWAP is falling. Institutional selling pressure. Volume-weighted price decreasing. Gray - VWAP is flat. Consolidation or balance between buyers and sellers. This coloring can be disabled for a static blue line if you prefer cleaner visuals. The VWAP label next to the line shows the current trend direction and delta percentage. Calculated Projection Cone One of the most powerful features is the Calculated Projection Cone. Unlike traditional extrapolation methods that simply extend a trend line forward, this system analyzes what actually happened in similar market conditions throughout the chart's history. How It Works: The system classifies each bar into one of 27 unique market states: Z-Score Level - LOW (oversold), MID (fair value), or HIGH (overbought) based on configurable thresholds Trend Direction - DOWN, FLAT, or UP based on VWAP slope Volume Profile - LOW (below 80%), NORMAL (80-150%), or HIGH (above 150%) relative volume When you look at the current bar, the indicator: 1. Identifies the current market state (e.g., LOW Z-Score + UP Trend + HIGH Volume) 2. Searches through all historical bars on the chart that had the same state 3. Calculates what happened in those bars X bars later (where X is your projection horizon) 4. Shows you the probability of up/down and the average move size Visual Elements: Probability Cone - Colored green (bullish probability above 55%), red (bearish below 45%), or gold (neutral). The cone width represents the historical range of outcomes (roughly the 20th to 80th percentile). Center Line - Shows the average expected price based on historical outcomes in similar conditions. Probability Label - Displays direction probability and average move. Example: "67% UP (+0.8%)" means 67% of similar past cases moved up, averaging 0.8% gain. Fallback System: When the exact 27-state match has insufficient historical data: First fallback: Uses Z-Score plus Trend only (9 broader states, ignoring volume) Second fallback: Uses Z-Score only (3 states) When fallback is active, confidence automatically adjusts Settings: Projection Horizon - How many bars forward to analyze outcomes (5, 10, 15, or 20 bars, default 10) Lookback Period - Historical data window in days (30-252, default 60) Minimum Samples - Cases needed before using fallback (5-30, default 10) Z-Score Threshold - Bucket boundary for LOW/MID/HIGH classification (1.0, 1.5, or 2.0 sigma) Cloud Transparency - Adjust visibility (50-95%) Colors - Customize bullish, bearish, and neutral cone colors Confidence Levels: HIGH - 30 or more similar historical cases found MEDIUM - 15-29 similar cases LOW - Fewer than 15 cases (more uncertainty) IMPORTANT DISCLAIMER: The Calculated Projection is based on past patterns only. It is NOT a price prediction or financial advice. Similar market states in the past do not guarantee similar outcomes in the future. The probability shown is historical frequency, not a guarantee. Always combine with other analysis and never rely solely on projections for trading decisions. Alert Conditions The indicator includes over 20 pre-built alert conditions: Price vs VWAP: Price crosses above VWAP Price crosses below VWAP Band Touches: Price touches plus or minus one sigma band Price touches plus or minus two sigma band (extreme) Price touches plus or minus three sigma band (very extreme) Z-Score Extremes: Z-Score crosses above plus two (overbought extreme) Z-Score crosses below minus two (oversold extreme) Momentum and Trend: Momentum slowing Momentum accelerating Trend turns bullish/bearish/neutral Volume: Volume spike detected CVD Direction: Buyers take control Sellers take control High Probability Signals: Bullish reversal signal (oversold plus accelerating momentum) Bearish reversal signal (overbought plus slowing momentum) MTF and Special: MTF confluence zone entry VWAP squeeze fired Bullish/Bearish divergence detected Any significant signal (catch-all) All signals use confirmed bar data to prevent false alerts from incomplete candles. Settings Overview Settings are organized into logical groups: VWAP Settings Anchor Period selection Show/Hide VWAP line Dynamic coloring toggle VWAP label visibility Bands Visibility Toggle each of three bands independently Info Table Show/Hide table Table position (9 options) Text size Volume spike label settings with adjustable thresholds Momentum label settings with filters Signal labels limited to 5 most recent (auto-managed) Probability engine lookback period Multi-Timeframe VWAP Enable/Disable MTF system Show MTF in table Show MTF lines on chart Individual timeframe toggles Confluence zone threshold Squeeze detection toggle Session VWAPs Enable/Disable session tracking Apply to all assets option Show session labels Divergence Detection Enable/Disable divergence Pivot lookback period Show divergence labels Calculated Projection Enable/Disable projection cone Projection horizon (5, 10, 15, or 20 bars) Lookback period in days (30-252) Minimum samples threshold Z-Score classification threshold (1.0, 1.5, or 2.0 sigma) Cloud transparency adjustment Bullish, bearish, and neutral colors The Info Table - Your Trading Dashboard The right side of your chart displays a compact table with up to twelve metrics. Row-by-Row Breakdown: Asset and Period - Shows what the indicator detected (US Stock, Crypto, Forex, etc.) and your selected anchor period. The detection happens automatically based on exchange data, so VWAP resets and calculations match your actual trading instrument. Delta Percentage - How far current price sits from VWAP, expressed as a percentage. Positive means price trades above fair value. Negative means below. Large delta values (beyond 1-2%) often precede mean reversion moves. Day traders watch this for overextension. Z-Score - Statistical deviation from VWAP measured in standard deviations. Unlike raw delta, Z-Score accounts for volatility. A 2% move in a volatile biotech stock differs from 2% in a stable utility. Z-Score normalizes this. Values beyond plus or minus two sigma occur only 5% of the time statistically. Trend Direction - Whether VWAP itself is rising, falling, or flat. Rising VWAP means the volume-weighted average price is increasing, which indicates institutional accumulation. Falling VWAP suggests distribution. This differs from price trend since it weights by volume. Momentum State - Is the trend accelerating or slowing down? This measures the rate of change in VWAP slope. When an uptrend shows slowing momentum, it often precedes reversal. Accelerating momentum in a downtrend can signal capitulation and potential bottom. Relative Volume - Current bar volume compared to the 20-bar average, shown as percentage. Values above 150% indicate above-average activity. Spikes above 200-300% often mark institutional involvement. Low volume (below 80%) warns of potential fake moves. MTF Bias - Four checkmarks or X marks showing whether price sits above or below Daily, Weekly, Monthly, and Quarterly VWAP. Four checkmarks means strong bullish alignment across all timeframes. Four X marks indicates bearish alignment. Mixed readings suggest consolidation or transition. Band Probabilities - Historical statistics showing how often price touched each standard deviation band over your lookback period. This helps you understand if mean reversion or trend following works better for your specific instrument. Session Status - Which global trading sessions are currently active (Asia, London, New York). Shows checkmarks for active sessions. Important for forex and crypto traders who need to know when major liquidity windows open and close. Divergence State - Whether the indicator detects bullish or bearish divergence between price and cumulative volume delta. Bullish divergence occurs when price makes lower lows but buying pressure (CVD) makes higher lows, suggesting hidden accumulation. Confidence Score - A weighted composite of all factors displayed as a progress bar and percentage. Combines MTF alignment, Z-Score, trend direction, volume delta, momentum, and relative volume into a single 0-100 score. Higher scores indicate stronger conviction setups. Calculated Projection - When the Projection Cone is enabled, shows the historical probability of price direction and expected move. For example: "▲ 67% (+0.8%)" means in similar market states historically, price moved up 67% of the time with an average gain of 0.8%. The system analyzes 27 unique market states based on Z-Score, Trend, and Volume conditions. Recommended Use Cases Day Trading Stocks: Use Session anchor with Band 1 visible. Watch for price returning to VWAP after morning move. Volume spikes near VWAP often mark institutional accumulation zones. Swing Trading: Use Weekly or Rolling 21D anchor. Enable MTF lines for Daily and Weekly levels. Trade pullbacks to these levels in direction of MTF bias. Crypto and Forex: Enable Session VWAPs. Use Rolling anchors to avoid artificial resets. Monitor session transitions for breakout opportunities. Mean Reversion: Focus on Z-Score reaching plus or minus two. Add Band 2 visibility. Combine with slowing momentum for highest probability reversals. Trend Following: Watch MTF bias alignment. Four checkmarks plus accelerating momentum plus high volume confirms trend continuation setups. Projection Planning: Enable the Calculated Projection to see what happened historically in similar market conditions. Use 5-10 bars for intraday setups, 15-20 bars for swing trade planning. Focus on high probability readings (above 60%) with HIGH confidence (30 or more samples). The cone shows the probable range of outcomes based on actual historical data. Combine with other factors like MTF alignment and volume for higher conviction setups. Important Notes The indicator does not repaint. MTF values use previous period's confirmed data. Rolling VWAP works best on 15-minute timeframes and above due to bar lookback requirements. Session VWAPs apply to global markets by default (forex, crypto, futures). Enable the all-assets option for stocks if desired. Volume data for forex represents tick volume, not actual traded volume. All alert conditions fire only on confirmed (closed) bars to prevent false signals. The Calculated Projection updates each bar as market state changes. This is expected behavior. The projection shows probabilities based on similar past conditions, not a fixed prediction. Q AND A Q: Does this indicator repaint? A: No. The main VWAP calculation uses standard TradingView VWAP methodology. Multi-timeframe values use previous period's confirmed data with appropriate lookahead settings. All alert signals require bar confirmation. Q: Why does my Rolling VWAP look different on 1-minute versus 15-minute charts? A: Rolling VWAP calculates across a fixed number of trading days. On very short timeframes, the bar lookback may hit TradingView limits. For best Rolling VWAP accuracy, use 15-minute or higher timeframes. Q: Can I use this on any instrument? A: Yes. The indicator automatically detects asset type and adjusts behavior. Stocks use standard market hours. Crypto uses 24/7 calculations. Forex uses tick volume. Everything adapts automatically. Q: What does the Confidence Score actually measure? A: The score combines six weighted factors: MTF alignment (25%), Z-Score position (20%), Trend direction (20%), CVD pressure (15%), Momentum state (10%), and Relative volume (10%). Higher scores indicate more factors aligned in one direction. Q: Why are Session VWAPs not showing on my stock chart? A: Session VWAPs apply to 24-hour markets by default (forex, crypto, futures). For stocks, enable the Use for All Assets option in Session VWAP settings. Q: The Divergence labels appear delayed. Is this a bug? A: Divergence detection requires pivot confirmation, which needs bars on both sides of the pivot point. The label appears at the actual pivot location (several bars back) once confirmed. This is intentional and prevents false signals. Q: Can I change the band colors? A: Yes. Each of the three bands has its own color input setting. You can customize Band 1, Band 2, and Band 3 colors to match your preferences. The defaults are Aqua, Fuchsia, and Purple. The main VWAP line color adapts dynamically based on slope direction or can be set to static blue. Q: How do I set up alerts? A: Right-click on the chart, select Add Alert, choose this indicator, and select your desired condition from the dropdown. All conditions include descriptive alert messages with relevant data. Q: What is the Probability Engine lookback period? A: This setting determines how many trading days the indicator analyzes to calculate band touch rates and mean reversion statistics. Default is 60 days (approximately 3 months). Longer periods provide more stable statistics but may miss recent behavior changes. Q: Why do I see fewer labels than expected? A: Signal labels (Volume, Momentum, Squeeze, Divergence) are limited to 5 most recent labels on the chart to keep it clean. When a new label appears, the oldest one is automatically removed. Additionally, momentum labels have several filters: check the slope multiplier setting (higher values require stronger trends) and the Only Reversal Signals option (when enabled, labels only appear for potential reversals, not trend confirmations). Q: What is the Calculated Projection and how accurate is it? A: The Calculated Projection analyzes what happened in past market conditions similar to the current state. It classifies each bar by Z-Score level, Trend direction, and Volume profile (27 unique states), then shows the historical probability of up vs down and the average move size. It is NOT a price prediction or guarantee. The probability shown is how often similar conditions led to up/down moves historically, not a future guarantee. Always use it as one input among many. Q: Why does the Projection probability change? A: The projection updates on each bar as market state changes. If Z-Score moves from LOW to MID, or trend shifts from UP to FLAT, the system looks up a different historical category. This is expected behavior. The projection shows what happened in similar past conditions to the current bar's state. Q: The Projection shows LOW confidence. What does that mean? A: Confidence levels indicate sample size: HIGH means 30 or more historical cases found, MEDIUM means 15-29 cases, LOW means fewer than 15 cases. When sample size is low, the system uses a fallback: first aggregating by Z-Score plus Trend only (ignoring volume), then by Z-Score only. LOW confidence means less statistical reliability, so weight other factors more heavily in your decision. Q: Why does the cone sometimes show 50/50 probability? A: A 50/50 reading means that in similar past market states, price moved up roughly half the time and down half the time. This indicates a neutral or balanced condition where historical patterns provide no directional edge. Consider waiting for a higher probability setup or using other analysis methods. CREDITS AND ACKNOWLEDGMENTS Methodology Foundation: VWAP (Volume Weighted Average Price) - Standard institutional benchmark calculation, widely used since the 1980s for algorithmic execution and fair value assessment Standard Deviation Bands - Statistical volatility measurement applying normal distribution principles to price deviation from mean Z-Score Analysis - Classic statistical normalization technique for comparing values across different volatility regimes Cumulative Volume Delta (CVD) - Order flow analysis concept measuring aggressive buying versus selling pressure Concept Integration: Mean reversion probability engine - Custom historical statistics tracking for band touch rates Momentum acceleration detection - Second derivative analysis of VWAP slope changes VWAP Squeeze - Volatility compression concept adapted from TTM Squeeze methodology applied to VWAP bands versus ATR Confidence scoring system - Weighted composite scoring combining multiple technical factors Calculated Projection Cone - Probability-based projection using 27-state market classification (Z-Score, Trend, Volume) with historical outcome analysis and weighted fallback system All calculations use standard public domain formulas and TradingView built-in functions. No proprietary third-party code was used. For questions, feedback, or feature requests, please comment below or send a private message. Happy Trading!
Indicatore Pine Script®
di orenluxy
11
My auto dual avwap with Auto swing low/pivot low finderWelcome to My Auto Dual AVWAP with Auto Swing Low/Pivot Low Finder – an open-source TradingView indicator designed to enhance your technical analysis toolbox. This indicator is published under the Mozilla Public License 2.0 and is available for anyone to study, modify, and distribute. Key Features Auto Pivot/Swing Low Finder: In addition to VWAP lines, the indicator incorporates an automatic detection mechanism for swing lows/pivot lows. This feature assists in identifying potential support areas and price reversals, further enhancing your trading strategy. Dual VWAP Calculation with high/low range: The indicator calculates two separate volume-weighted average price (VWAP) lines based on different price inputs (low and high prices) and defined time sessions. This allows traders to gain a more nuanced view of market activity during specific trading periods. Customizable Time Sessions: You can specify distinct start and end times for each VWAP calculation session. This flexibility helps you align the indicator with your preferred trading hours or market sessions, making it adaptable to various time zones and trading styles. Easy to Customize: With clear code structure and detailed comments, the script is designed to be accessible even for traders who want to customize or extend its functionality. Whether you're a seasoned coder or just starting out, the code is written with transparency in mind. How It Works Session Initialization: The script sets up two distinct time sessions using user-defined start and end times. For each session, it detects the beginning of the trading period to reset cumulative values. Cumulative Calculations: During each session, the indicator accumulates the product of price and volume as well as the total volume. The VWAP is then computed as the ratio of these cumulative values. Dual Data Sources: Two separate data inputs (using low and high prices) are used to calculate two VWAP lines. This dual approach provides a broader perspective on market trends and can help in identifying dynamic support and resistance levels. Visualization: The calculated VWAP lines are plotted directly on your chart with distinct colors and thickness settings for easy visualization. This makes it simple to interpret the data at a glance. Why Use This Indicator? Whether you are a day trader, swing trader, or simply looking to refine your market analysis, My Auto Dual AVWAP with Auto Swing Low/Pivot Low Finder offers a robust set of features that can help you identify key price levels and improve your decision-making process. Its open-source nature invites collaboration and customization, ensuring that you can tailor it to fit your unique trading style. Feel free to explore, modify, and share this indicator. Happy trading!
Indicatore Pine Script®
di doqkhanh
2
BRT Cluster VolumeTitle and Purpose BRT Cluster Volume is a powerful market analysis tool designed to identify key support and resistance levels, cluster volumes, and breakout signals. This script is highly beneficial for traders who aim to gain deeper insights into market trends and pinpoint zones of interest for buyers and sellers. Key Features 1. Support and Resistance Levels: - The script automatically detects chart extremums by analyzing a specified number of bars on the left and right to form levels. This approach effectively identifies local highs and lows. - The uniqueness of this implementation lies in its dynamic data processing. For each extremum, the "channel width" is calculated, allowing insignificant levels to be filtered out based on a user-defined minimum width. This method eliminates noise and ensures focus on critical levels. - Extremum lines can be extended to the right (when enabled), allowing traders to track current price movements relative to historical levels. 2. Cluster Volume: - The cluster analysis is based on lower timeframe data, providing precise identification of key zones of market participant activity. The script dynamically requests close prices and volumes from lower timeframes, calculates the average volume, and identifies levels where volumes exceed a defined threshold. - The visualization of cluster volumes is unique: volumes exceeding the threshold are displayed as candles with customizable colors and markers. These indicators help traders identify zones of significant interest. - Cluster volume is only displayed when it interacts with support or resistance levels, ensuring that the visualization remains precise and relevant for market analysis. 3. Breakout Signals: - The script evaluates "breakout strength" for each breakout of support or resistance levels by comparing the current price with the level. This helps filter false breakouts and focus on significant price movements. - Traders can select the source for breakout signals (close price or high/low), offering flexibility for various trading styles and strategies. - By incorporating the concept of "maximum breakout strength," the script highlights only meaningful breakouts, ignoring minor fluctuations. 4. Integration of Trading Sessions: - Extremum levels for major trading sessions (Asia, Europe, USA) are identified and labeled on the chart. This allows traders to see when significant price levels were formed during the day. - The script uses timestamps to automatically detect session times, ensuring accuracy and minimizing manual adjustments. 5. Dynamic Data Updates: - The script dynamically updates support and resistance levels in real time as new data becomes available. This feature is crucial for traders working in fast-moving markets. - Outdated information (such as obsolete levels) is automatically removed to keep the chart clean and focused on relevant data. 6. Visualization of Activity Zones: - Trend direction is visualized using color-coded candles based on cluster volumes. For instance, candles with volumes exceeding the average are highlighted with specific colors, helping traders quickly identify areas of heightened activity. - The unique aspect of this visualization is that cluster volumes appear only in zones where they interact with breakout levels, providing an intuitive and streamlined presentation of critical data. Usage - Support and Resistance: Adjust the "Left Bars" and "Right Bars" settings to determine extremums. Use the "Channel Min Width" setting to filter out insignificant levels. - Cluster Volume: Customize the analysis period and volume threshold to identify high-activity zones. Enable breakout clusters to see how volumes interact with breakouts. - Session Extremums: Highlight significant levels for Asia, Europe, and US trading sessions to gain insights into market dynamics across different time zones. - Breakout Signals: Configure the breakout strength and source (close or high/low) for precise signal detection. Parameter Details 1. Support & Resistance: - `Left Bars` / `Right Bars`: Number of bars to consider for determining extremums. - `# of Lines`: Maximum number of support/resistance lines to display. - `Channel Min Width`: Minimum channel width to filter insignificant levels. 2. Breakout: - `Show Breakouts`: Toggle breakout signal display. - `Max breakout strength`: Maximum strength for valid breakouts. - `Breakout source`: Data source for breakouts (close or high/low). 3. Cluster Volume: - `Lookback`: Number of bars to analyze for cluster volumes. - `Threshold`: Volume threshold (percentage above the average). - `Cluster Volume Timeframe`: Timeframe for cluster volume analysis. - `Breakout Cluster`: Display cluster volumes only for breakout-related zones. 4. Visual Settings: - `Extend extremum lines to the right`: Extend support/resistance lines to the right. - `Show ASIA/EU/US Session Extremums`: Display extremums for trading sessions. Features and Benefits - The script provides flexible parameter customization, allowing it to adapt to different trading styles and timeframes. - The visualization is designed to be clean and intuitive, ensuring users can easily interpret the data. - Suitable for all timeframes, making it ideal for both intraday and long-term market analysis. Limitations - The script is not suitable for analysis on non-standard chart types (e.g., Heikin Ashi, Renko, Kagi). - To ensure accurate performance, realistic data for commission and slippage should be used. Warnings - The script relies on historical data for calculations, which may cause discrepancies in real-time conditions. - Users should fully understand the functionality of cluster analysis and breakout signals before using the script in live trading. This script combines advanced data processing logic, dynamic level adjustments, and unique visualization approaches, making it an indispensable tool for market analysis and trading decision-making.
Indicatore Pine Script®
di MaxBRFZCO
10