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Liquidity Price Depth Chart [LuxAlgo]The Liquidity Price Depth Chart is a unique indicator inspired by the visual representation of order book depth charts, highlighting sorted prices from bullish and bearish candles located on the chart's visible range, as well as their degree of liquidity. Note that changing the chart's visible range will recalculate the indicator. 🔶 USAGE The indicator can be used to visualize sorted bullish/bearish prices (in descending order), with bullish prices being highlighted on the left side of the chart, and bearish prices on the right. Prices are highlighted by dots, and connected by a line. The displacement of a line relative to the x-axis is an indicator of liquidity, with a higher displacement highlighting prices with more volume. These can also be easily identified by only keeping the dots, visible voids can be indicative of a price associated with significant volume or of a large price movement if the displacement is more visible for the price axis. These areas could play a key role in future trends. Additionally, the location of the bullish/bearish prices with the highest volume is highlighted with dotted lines, with the returned horizontal lines being useful as potential support/resistances. 🔹 Liquidity Clusters Clusters of liquidity can be spotted when the Liquidity Price Depth Chart exhibits more rectangular shapes rather than "V" shapes. The steepest segments of the shape represent periods of non-stationarity/high volatility, while zones with clustered prices highlight zones of potential liquidity clusters, that is zones where traders accumulate positions. 🔹 Liquidity Sentiment At the bottom of each area, a percentage can be visible. This percentage aims to indicate if the traded volume is more often associated with bullish or bearish price variations. In the chart above we can see that bullish price variations make 63.89% of the total volume in the range visible range. 🔶 SETTINGS 🔹 Bullish Elements Bullish Price Highest Volume Location: Shows the location of the bullish price variation with the highest associated volume using one horizontal and one vertical line. Bullish Volume %: Displays the bullish volume percentage at the bottom of the depth chart. 🔹 Bearish Elements Bearish Price Highest Volume Location: Shows the location of the bearish price variation with the highest associated volume using one horizontal and one vertical line. Bearish Volume %: Displays the bearish volume percentage at the bottom of the depth chart. 🔹 Misc Volume % Box Padding: Width of the volume % boxes at the bottom of the Liquidity Price Depth Chart as a percentage of the chart visible range
Indicatore Pine Script®
di LuxAlgo
14
Range Detector [LuxAlgo]The Range Detector indicator aims to detect and highlight intervals where prices are ranging. The extremities of the ranges are highlighted in real-time, with breakouts being indicated by the color changes of the extremities. 🔶 USAGE Ranging prices are defined by a period of stationarity, that is where prices move within a specific range. Detecting ranging markets is a common task performed manually by traders. Price breaking one of the extremities of a range can be indicative of a new trend, with an uptrend if price breaks the upper range extremity, and a downtrend if price breaks the lower range extremity. Ranges are highlighted as zones and are set retrospectively, that is the starting point of a range is offset in the past. The exact moment a range is detected is highlighted by a gray background color. The average between the maximum/minimum of a zone is also highlighted as a dotted line and is also set retrospectively. The range extremities are set in real-time, blue extremities indicate the range extremities were not broken, green extremities indicate that price broke the upper range extremity, while red extremities indicate price broke the lower range extremity. Extremities are extended until a new range is detected, allowing past ranges extremities can be used as future support/resistances. 🔶 DETAILS The detection algorithm used to detect ranges tests if all the prices within a user-set window are all within two extremities. These extremities are determined by the mean of the detection window plus/minus an ATR value. When a new range is detected, the script checks if this new range overlaps with a previously detected range, if this is the case, both ranges are merged into one; updating the extremities of the previous range. This can be observed with the real-time extremities changing within a highlighted zone. 🔶 SETTINGS Minimum Range Length: Minimum amount of bars needed to detect a range. Range Width: Multiplicative factor for the ATR used to detect new ranges. Lower values detect ranges with a lower width. Using higher values might return false positives. ATR Length: ATR length used to determine the range width.
Indicatore Pine Script®
di LuxAlgo
56
Fibonacci Ranges (Real-Time) [LuxAlgo]The "Fibonacci Ranges" indicator combines Fibonacci ratio-derived ranges (channels), together with a Fibonacci pattern of the latest swing high/low. 🔶 USAGE The indicator draws real-time ranges based on Fibonacci ratios as well as retracements. Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal. Each range extremity/area can also be used as support/resistance. 🔶 CONCEPTS Fibonacci Channels Latest Fibonacci Both, Latest Fibonacci and Fibonacci Channels , display different Fibonacci levels (labels not included in the code): However, the 2 react in a totally different way. 🔹 Fibonacci Channels 2 conditions must be fulfilled until a Fibonacci Channel is displayed: New swing high/low close has to be between chosen limits/levels ( Break level ) As visual guidance, chosen Break levels are accentuated by 2 small gray blocks: Once the channel is displayed, it will remain visible until x consecutive bars break out of the chosen Break level at closing time. • x consecutive bars is set by Break count . The amount of breaks is counted in the code. When the price, without breaking the user-set limit, closes back between the 2 levels, the count is reset to 0. By enabling Channels and Shadows you can see previous channels (" Shadows ", which is always delayed with 1 bar) Previous channels can be helpful in finding potential support/resistance areas, especially from large channel blocks The more narrow Break levels are set the less chance the price closes between these 2 levels, and the quicker close breaks out. In other words, narrow levels give fewer & smaller channels, broader levels give more & larger channels. Note: • swing settings: L & R • Break count (x consecutive bars that close outside chosen levels to invalidate the Fibonacci Channel ) will also be of influence in displaying the channels. • Show breaks enable you to visualize signals when there is a break: • Alerts can also be set ( Break Down / Break Up ) 🔹 Latest Fibonacci This displays the Fibonacci levels between the latest swing high and swing low, independently from the Fibonacci Channel . The Lastest Fibonacci can be helpful in detecting the current trend against the larger Fibonacci Channel . 🔶 SETTINGS 🔹 Swing Settings L: set left of pivothigh / pivotlow R: set right of pivothigh / pivotlow 🔹 Fibonacci Channels Channel : Channel / Channels + Shadows / None Break level -0.382 - 1.382   0.000 - 1.000   0.236 - 0.764   0.382 - 0.618 Break count 🔹 Fibonacci Toggle Colours: [ -0.382 - 0 ], [ 0.236 - 0.382 ], [ 0.5 ], [ 0.618 - 0.764 ], [ 1 - 1.382 ]
Indicatore Pine Script®
di LuxAlgo
25
Doji TrenderDoji Trender searches multiple timeframes for candles where open and close are less than dojiPercent apart (default 0.025%), and plots the trends between them. Experiment with dojiPercent to change the number of "dojis" detected. I will add doji sub-type indication if it appears to be meaningful. By default, it plots the 5m (red), 15m (orange), 1h (yellow), 4h (green), and chart (cyan). If the chart timeframe is any of the configurable ones, the chart copy won't be drawn. (I might reverse that, so that cyan is always drawn.) Since doji points are somewhat sparse, and the lookback is short (default 10), the EMA's make drastic corrections toward new indecision. (I'm not convinced the EMA's are useful and/or relevant.) This works on any timeframe, but seems to work best on the 1D. (5m is somewhat irrelevant on the 1D, so there are tweaks to be made.) Dojis from a timeframe are corrections to a doji trend from a higher timeframe. Red corrects to orange, corrects to yellow, corrects to green. If the chart timeframe is > 4h, the others will correct to cyan. Otherwise, cyan will fit in-between the adjacent timeframes. Multiple indecision candles within a short timespan forming sharp peaks indicate retests, backtests, rejections, and bounces off of support/resistance. With a correct larger-timeframe channel, one would expect lower-timeframe indecision at/along typical levels. Although the doji's have unpredictable wicks, the dots printed by this indicator do not. Matched with volume, they reveal the prices where the most violent battles between bulls and bears took place, and are likely to take place, again. One could: 1) Put trends on the longest segments, then look for confluence along them, and/or near the intersections. 2) Use lower-timeframe doji trends to estimate the direction of the higher-timeframe doji trends, before they become detectable to Doji Trender. Confirm by looking for confluence where those trends intersect with horizontal support/resistance, this indicator, and/or others. 3) Notice that multiple legs on the same trend line are close to parallel, if not colinear. 4) Notice that many of the doji segments point toward (very-distant) future dojis. 5) Drop horizontal lines on the dots where we previously reversed, and find confluence in VRVP when we revisit them. 6) Create parallel (fib/whatever) channels that more-closely match MM's intent. The segments one uses to set the angle of the channel, and those used to align the channel, vertically, are not always the same: a) Match the channel slope to as many doji slopes as possible, considering every trend. b) Figure out where the channel actually belongs, re-considering every trend.
Indicatore Pine Script®
di Kerbal
Price Action (ValueRay)With this indicator, you gain access to up to 5 moving averages from a selection of 15 different types. This flexibility allows you to customize your trading strategy based on your preferences and market conditions. Whether you're a fan of simple moving averages, exponential moving averages, or weighted moving averages, our indicator has got you covered! Additionally, all the MAs are Multi-Time-Frame! The indicator also provides trading signals. By analyzing market trends and price movements, it generates accurate buy and sell signals, providing you with clear entry and exit points. You can choose between Fast, Mid, and Slow signal speeds. Trendlines are another crucial aspect of effective trading, and our indicator seamlessly integrates them, helping you visualize the market's direction. Furthermore, the indicator empowers you with recent highs and lows. By highlighting these key levels, it becomes easier than ever to spot support and resistance areas, aiding you in making well-informed trading choices. Additionally, you can switch the ADR% (Average Daily Range as a Percentage) on and off. This number instantly provides you with information on how much the stock usually moves per day as a percentage. Key Features: Up to 5 Moving Averages, each with its own timeframe. SMA, EMA, WMA, RMA, Triangular, Volume Weighted, Elastic Volume Weighted, Least Squares, ZLEMA, Hull, Double EMA, Triple EMA, T3, ALMA, KAMA (more to come in future versions). Recent High and Low Pivot Points acting as support/resistance. Trendline indicating the current trend. Buy/Sell Signals (recommended for use as exit points, stop loss, or take profit levels). Signals can have three different speeds: Fast, Mid, and Slow. You can switch them anytime depending on how quickly or slowly you want to exit a trade. The predefined colors are best suited for a dark background, and the predefined settings provide a solid starting point that many traders use in their daily work. Unlock the full potential of your trading strategy with our comprehensive indicator and start making informed trading decisions today!
Indicatore Pine Script®
di derMatzeImNetz
8
Liquidity Hunter - FattyTradesThis indicator is used to automatically identify and plot two forms of liquidity that will be targeted by market makers. The first form of liquidity is based on multi-time fame highs and lows. It plots 1H, 4H, D, W, & M liquidity on an intraday chart to make it easier to identify. I believe hat liquidity is what drives the market and the most common form of this liquidity can be identified through higher time frame highs and lows. You can use whatever method you prefer to determine which liquidity pool will be targeted. When the liquidity is purged, it will be shown as dotted lines. This should not be used as traditional support/resistance, but rather as targets for the market. The second form of liquidity is in the form of imbalances or fair value gaps. You can select a higher time frame to be plotted along with the current time frame you're viewing to identify imbalances that will likely be targeted intraday. We know that higher time frame fair value gaps work equally well as targets for market makers. When a higher time frame FVG is broken into, it can also act as a very powerful form of support and resistance. By default, when a fair value gap has been mitigated it will be removed from the chart, however this can be disabled. Between these two forms of market maker liquidity targets on the chart, it will be easier to formulate a thesis intraday to determine where the market will move. It can help minimize the amount of switching between higher time frames that needs to be done, allowing you to identify targets while trading on your favorite intraday time frame for optimal risk/reward. In the near future, I will build in alerting mechanism to alert when liquidity on higher time frames as been purged/mitigated.
Indicatore Pine Script®
di kfatkin
11
CPR PRICE ACTION TODAY AND TOMMOROWThis script is based on the Secret of Pivot Boss book by Frank Ochoa. Suitable for Intraday Trading. You can view the Daily timeframe CPR / support/resistance. You can view the Weekly timeframe CPR / support/resistance. You can view the Monthly timeframe CPR / support/resistance. You can also view Previous Day High/Low. You can also view Previous Week High/Low. You can also view Previous Month High/Low. You can also turn it on/off as per your wish.
Indicatore Pine Script®
di thejatin
9
Polynomial Regression Extrapolation [LuxAlgo]This indicator fits a polynomial with a user set degree to the price using least squares and then extrapolates the result. Settings Length: Number of most recent price observations used to fit the model. Extrapolate: Extrapolation horizon Degree: Degree of the fitted polynomial Src: Input source Lock Fit: By default the fit and extrapolated result will readjust to any new price observation, enabling this setting allow the model to ignore new price observations, and extend the extrapolation to the most recent bar. Usage Polynomial regression is commonly used when a relationship between two variables can be described by a polynomial. In technical analysis polynomial regression is commonly used to estimate underlying trends in the price as well as obtaining support/resistances. One common example being the linear regression which can be described as polynomial regression of degree 1. Using polynomial regression for extrapolation can be considered when we assume that the underlying trend of a certain asset follows polynomial of a certain degree and that this assumption hold true for time t+1...,t+n . This is rarely the case but it can be of interest to certain users performing longer term analysis of assets such as Bitcoin. The selection of the polynomial degree can be done considering the underlying trend of the observations we are trying to fit. In practice, it is rare to go over a degree of 3, as higher degree would tend to highlight more noisy variations. Using a polynomial of degree 1 will return a line, and as such can be considered when the underlying trend is linear, but one could improve the fit by using an higher degree. The chart above fits a polynomial of degree 2, this can be used to model more parabolic observations. We can see in the chart above that this improves the fit. In the chart above a polynomial of degree 6 is used, we can see how more variations are highlighted. The extrapolation of higher degree polynomials can eventually highlight future turning points due to the nature of the polynomial, however there are no guarantee that these will reflect exact future reversals. Details A polynomial regression model y(t) of degree p is described by: y(t) = β(0) + β(1)x(t) + β(2)x(t)^2 + ... + β(p)x(t)^p The vector coefficients β are obtained such that the sum of squared error between the observations and y(t) is minimized. This can be achieved through specific iterative algorithms or directly by solving the system of equations: β(0) + β(1)x(0) + β(2)x(0)^2 + ... + β(p)x(0)^p = y(0) β(0) + β(1)x(1) + β(2)x(1)^2 + ... + β(p)x(1)^p = y(1) ... β(0) + β(1)x(t-1) + β(2)x(t-1)^2 + ... + β(p)x(t-1)^p = y(t-1) Note that solving this system of equations for higher degrees p with high x values can drastically affect the accuracy of the results. One method to circumvent this can be to subtract x by its mean.
Indicatore Pine Script®
di LuxAlgo
33
Moving Average WavesThis indicator displays up to 20 fully editable moving averages. Go to MA Waves settings and play around to get your favorite visual display, there are plenty of combinations to chose from. Depending on time frame and tuning, it can be used as a trend/momentum & volatility indicator or to identify supports/resistances. Longer moving averages represent a stronger "area of value" and the price loves it. I made this one mostly because it looked cool, if you get ideas to make better use of it let me know. Hope you enjoy!
Indicatore Pine Script®
di LucasVivien
6
Volume Adaptive Chikou Scalping StudyIDEA PLACEMENT This indicator uses “Chikou” cross concept of Ichimoku cloud indicator and enhances usage of High/Low data with Volume Breakout and Volatility based dynamic adaption. I’ve been working on making Moving Averages more adaptive based on Volume Breakout and Volatility but as we know Mas work better on close values. I wanted to create a study that may have maximum data available and that’s how I came up with the concept of making adaptive Ichimoku Cloud. Except, I used different concept than Ichimoku. As we know that Tenkan-sen and Kijun-sen from Ichimoku Cloud average out highest and lowest values within 26 and 9 period respectively but I tried making it Volume Breakout and Volatility based Adaptive but couldn’t get better results. Along the way I came up with an idea of instead of averaging out just keeping the High/Low values data separate and intact and to do so I took Linear regression of High values of Volume Breakout and Volatility based Adaptive dynamic period and similarly with Low values. Then the strategy was to use Chikou for crossover and crossunder indication and for this purpose I used Chikou with same dynamic length as used before in High/Low linear regression. The idea becomes simple as when Adaptive Dynamic Chikou crosses Adaptive Dynamic Linear Regression of High/Low values then Lowest / Highest value within current Adaptive Dynamic Length becomes the next Support / Resistance. SIGNALS Not every Chikou cross would give signal instead signal should be supported by either Volume Breakout or Volatility whatever you have selected from. FIBONACCI EVELOPE BANDS I’ve included ATR based Fibonacci multiple bands which would act as good support/resistance zones. DEFAULT SETTINGS I’ve set default Minimum length to 20 and Maximum length to 50 which I’ve found works best for almost all timeframes but you can change this delta to adpat your timeframe accordingly with more precision. Dynamic length adoption is enabled based on both Volume and Volatility but only one or none of them can also be selected. Trend signals verification is enabled based on Volume but Volatility can also be enabled for more precise confirmations. In “RVSI” settings TFS Volume Oscillator is set to default but others work good too especially Volume Zone Oscillator. For more details about Volume Breakout you can check “MZ RVSI Indicator” ATR breakout is set to be true if period 14 exceeds period 46 but can be changed if more adaption with volatility is required. FURTHER ENHANCEMENTS I’ve used Linear Regression of High/Low values because I found better results with it but SMA and HMA can also be used. I’m planning to perpetually use this study for Dynamically length adaption and trades confirmations in other strategies.
Indicatore Pine Script®
di MightyZinger
3
Horizontal line for Market open price by NB(ENG) Since meaningful movements starts based on the first bar of the market's opening time (usually GMT + 0), this indicator is creat to be used as a tool to use it as support and resistance. Look at the bar of just 15 minutes passed after market opened, and when the bar closed with positive candlestick then draw horizontal line at high price, when the bar closed negative candlestick then draw horizontal line at low price. I use diffrent colors to help visualization. If you look these at from a distance, you can see sections that are tightly entangled and sections those are not. This makes it possible to distinguish between strong and weak support/resistance sections. For convenience, I put only color and transparency adjustments. No future upgrades are planned. Thanks to ADOL_ for this great idea, and also to Bjorn Mistiaen for helping me to make the source code. (KOR) 마켓의 오픈 시간(보통 GMT 0시)에 첫 바를 기준으로 의미 있는 움직임이 시작되기에 이를 지지와 저항으로 활용하는 도구로 쓰기 위하여 만든 지표입니다. GMT 0시 15분 봉 마감 기준으로, 양봉이면 그 양봉의 고점을 이어 가로줄을 긋고, 음봉이면 저점을 이어 가로줄을 긋습니다. 서로 색을 달리하여 시각화를 돕습니다. 이를 멀리서 보면 촘촘히 얽힌 구간이 나오고 그렇지 않은 구간이 나옵니다. 이를 통해 지지/저항이 강한 구간과 약한 구간을 구별할 수가 있습니다. 편의를 돕기 위해 색과 투명도 조절까지만 넣어 놓았습니다. 추후 업그레이드는 예정되어 있지 않습니다. 이 대단한 아이디어를 주신 ADOL_에게 감사드리며, 소스 코드를 만들게 해주신 Bjorn Mistiaen에게도 감사를 드립니다.
Indicatore Pine Script®
di NBForever
8
On Chart Anticipated Moving Average Crossover IndicatorIntroducing the on chart moving average crossover indicator. This is my On Chart Pinescript implementation of the Anticipated Simple Moving Average Crossover idea. This indicator plots 6 user defined moving averages. It also plots the 5 price levels required on the next close to cross a user selected moving average with the 5 other user defined moving averages It also gives signals of anticipated moving average crosses as arrows on chart and also as tradingview alerts with a very high degree of accuracy Much respect to the creator of the original idea Mr. Dimitris Tsokakis Moving Averages A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier. Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions. Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s). While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals. Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days). Trading Strategies — Moving Average Crossovers Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance. The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend. Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross." Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross." MA and MA Cross Strategy Disadvantages Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature. Moving averages are always based on historical data and simply show the average price over a certain time period. Therefore, results using moving averages can be quite random. At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect. One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals. When this occurs, it's best to step aside or utilize another indicator to help clarify the trend. The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades. Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
Indicatore Pine Script®
di The_Caretaker
2
Anticipated Simple Moving Average Crossover IndicatorIntroducing the Anticipated Simple Moving Average Crossover Indicator This is my Pinescript implementation of the Anticipated Simple Moving Average Crossover Indicator Much respect to the original creator of this idea Dimitris Tsokakis This indicator removes one bar of lag from simple moving average crossover signals with a high degree of accuracy to give a slight but very real edge. Moving Averages A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier. Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions. Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s). While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals. Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days). Trading Strategies — Moving Average Crossovers Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance. The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend. Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross." Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross." MA and MA Cross Strategy Disadvantages Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature. Moving averages are always based on historical data and simply show the average price over a certain time period. Therefore, results using moving averages can be quite random. At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect. One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals. When this occurs, it's best to step aside or utilize another indicator to help clarify the trend. The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades. Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
Indicatore Pine Script®
di The_Caretaker
11
Crack XThis indicator looks for cracks (de-correlation of 2 indicators), what you have to do is simple, first look at the trend in a higher frame, there are many indicators for this, then look for cracks as wide as possible (you can configure the size in the configuration) and that they are not close to important supports / resistances. This indicator can be very useful for Swing, Coverages, to increase existing positions.The confirmation of the crack occurs when the black lines cross + bar closure. - Added Alerts
Indicatore Pine Script®
di Dreadblitz
11
Zenith BladeThis script is based heavily on "Support/Resistance Zones x3" by Lij_MC What I did is went and added alerts for when price breakouts the support line/zone. You have the options to change if it is based on a zone breakout or a line breakout You also can choose when it will go off, so for example you want an alert to trigger only between 7am and 8am then you can change that in the menu. Lastly you can choose whither or not to show the Williams Alligator on the chart as I have found it beneficial in conjunction with the script since its based primarily on fractals to calculate Support and Resistance.
Indicatore Pine Script®
di savisoffical
1
OA - PowerZones Support And ResistancePowerZones - Dynamic Support/Resistance Identifier Overview PowerZones is an advanced technical analysis tool that automatically detects significant support and resistance zones using volume data and pivot points. This indicator pulls data from higher timeframes (weekly by default) to help you identify strong and meaningful levels that are filtered from short-term "noise." Features Multi-Timeframe Analysis: Create support/resistance levels from daily, weekly, or monthly data Volume Filtering: Detect high-volume pivot points to identify more reliable levels Dynamic Threshold: Volume filter that automatically adjusts to market conditions Visual Clarity: Support/resistance zones are displayed as boxes with adjustable transparency Optimal Level Selection: Filter out close levels to focus on the most significant support/resistance points Use Cases Entry/Exit Points: Identify trading opportunities at important support and resistance levels Stop-Loss Placement: Use natural support levels to set more effective stop-losses Target Setting: Use potential resistance levels as profit-taking targets Understanding Market Structure: Detect long-term support/resistance zones to better interpret price movement Input Parameters Lookback Period: The period used to determine pivot points Box Width : Adjusts the width of support/resistance zones Relative Volume Period: The period used for relative volume calculation Maximum Number of Boxes: Maximum number of support/resistance zones to display on the chart Box Transparency: Transparency value for the boxes Timeframe: Timeframe to use for support/resistance detection (Daily, Weekly, Monthly) How It Works PowerZones identifies pivot highs and lows in the selected timeframe. It filters these points using volume data to show only meaningful and strong levels. The indicator also consolidates nearby levels, allowing you to focus only on the most important zones on the chart. Best Practices Weekly timeframe setting is ideal for identifying long-term important support/resistance levels Working with weekly levels on a daily chart allows you to combine long-term levels with short-term trades ATR-based box width creates support/resistance zones that adapt to market volatility Use the indicator along with other technical indicators such as RSI, MACD, or moving averages to confirm trading signals Note: Like all technical indicators, this indicator does not guarantee 100% accuracy. Always apply risk management principles and use it in conjunction with other analysis methods to achieve the best results. If you like the PowerZones indicator, please show your support by giving it a star and leaving a comment!
Indicatore Pine Script®
di onurag
6
SMC+The "SMC+" indicator is a comprehensive tool designed to overlay key Smart Money Concepts (SMC) levels, support/resistance zones, order blocks (OB), fair value gaps (FVG), and trap detection on your TradingView chart. It aims to assist traders in identifying potential areas of interest based on price action, swing structures, and volume dynamics across multiple timeframes. This indicator is fully customizable, allowing users to adjust lookback periods, colors, opacity, and sensitivity to suit their trading style. Key Components and Functionality 1. Key Levels (Support and Resistance) This section plots horizontal lines representing support and resistance levels based on highs and lows over three distinct lookback periods, plus daily nearest levels. Short-Term Lookback Period (Default: 20 bars) Plots the highest high (short_high) and lowest low (short_low) over the specified period. Visualized as dotted lines with customizable colors (Short-Term Resistance Color, Short-Term Support Color) and opacity (Short-Term Resistance Opacity, Short-Term Support Opacity). Adjustment Tip: Increase the lookback (e.g., to 30-50) for less frequent but stronger levels on higher timeframes, or decrease (e.g., to 10-15) for scalping on lower timeframes. Long-Term Lookback Period (Default: 50 bars) Plots broader support (long_low) and resistance (long_high) levels using a solid line style. Customizable via Long-Term Resistance Color, Long-Term Support Color, and their respective opacity settings. Adjustment Tip: Extend to 100-200 bars for swing trading or major trend analysis on daily/weekly charts. Extra-Long Lookback Period (Default: 100 bars) Identifies significant historical highs (extra_long_high) and lows (extra_long_low) with dashed lines. Configurable with Extra-Long Resistance Color, Extra-Long Support Color, and opacity settings. Adjustment Tip: Use 200-500 bars for monthly charts to capture macro-level key zones. Daily Nearest Resistance and Support Levels Dynamically calculates the nearest resistance (daily_res_level) and support (daily_sup_level) based on the current day’s price action relative to historical highs and lows. Displayed with Daily Resistance Color and Daily Support Color (with opacity options). Adjustment Tip: Works best on intraday charts (e.g., 15m, 1h) to track daily pivots; combine with volume profile for confirmation. How It Works: These levels update dynamically as new highs/lows form, providing a visual guide to potential reversal or breakout zones. 2. SMC Inputs (Smart Money Concepts) This section identifies swing structures, order blocks, fair value gaps, and entry signals based on SMC principles. SMC Swing Lookback Period (Default: 12 bars) Defines the period for detecting swing highs (smc_swing_high) and lows (smc_swing_low). Adjustment Tip: Increase to 20-30 for smoother swings on higher timeframes; reduce to 5-10 for faster signals on lower timeframes. Minimum Swing Size (%) (Default: 0.5%) Filters out minor price movements to focus on significant swings. Adjustment Tip: Raise to 1-2% for volatile markets (e.g., crypto) to avoid noise; lower to 0.2-0.3% for forex pairs with tight ranges. Order Block Sensitivity (Default: 1.0) Scales the size of detected order blocks (OBs) for bullish reversal (smc_ob_bull), bearish reversal (smc_ob_bear), and continuation (smc_cont_ob). Visuals include customizable colors, opacity, border thickness, and blinking effects (e.g., SMC Bullish Reversal OB Color, SMC Bearish Reversal OB Blink Thickness). Adjustment Tip: Increase to 1.5-2.0 for wider OBs in choppy markets; keep at 1.0 for precision in trending conditions. Minimum FVG Size (%) (Default: 0.3%) Sets the minimum gap size for Fair Value Gaps (fvg_high, fvg_low), displayed as boxes with Fair Value Gap Color and FVG Opacity. Adjustment Tip: Increase to 0.5-1% for larger, more reliable gaps; decrease to 0.1-0.2% for scalping smaller inefficiencies. How It Works: Bullish Reversal OB: Detects a bearish candle followed by a bullish break, marking a potential demand zone. Bearish Reversal OB: Identifies a bullish candle followed by a bearish break, marking a supply zone. Continuation OB: Spots strong bullish momentum after a prior high, indicating a continuation zone. FVG: Highlights bullish gaps where price may retrace to fill. Entry Signals: Plots triangles (SMC Long Entry) when price retests an OB with a liquidity sweep or break of structure (BOS). 3. Trap Inputs This section detects potential bull and bear traps based on price action, volume, and key level rejections. Min Down Move for Bear Trap (%) (Default: 1.0%) Sets the minimum drop required after a bearish OB to qualify as a trap. Visualized with Bear Trap Color, Bear Trap Opacity, and blinking borders. Adjustment Tip: Increase to 2-3% for stronger traps in trending markets; lower to 0.5% for ranging conditions. Min Up Move for Bull Trap (%) (Default: 1.0%) Sets the minimum rise required after a bullish OB to flag a trap. Customizable with Bull Trap Color, Bull Trap Border Thickness, etc. Adjustment Tip: Adjust similarly to bear traps based on market volatility. Volume Lookback for Traps (Default: 5 bars) Compares current volume to a moving average (avg_volume) to filter low-volume traps. Adjustment Tip: Increase to 10-20 for confirmation on higher timeframes; reduce to 3 for intraday sensitivity. How It Works: Bear Trap: Triggers when price drops significantly after a bearish OB but reverses up with low volume or support rejection. Bull Trap: Activates when price rises after a bullish OB but fails with low volume or resistance rejection. Boxes highlight trap zones, resetting when price breaks out. 4. Visual Customization Line Width (Default: 2) Adjusts thickness of support/resistance lines. Tip: Increase to 3-4 for visibility on cluttered charts. Blink On (Default: Close) Sets whether OB/FVG borders blink based on Open or Close price interaction. Tip: Use "Open" for intraday precision; "Close" for confirmed reactions. Colors and Opacity: Each element (OBs, FVGs, traps, key levels) has customizable colors, opacity (0-100), border thickness (1-5 or 1-7), and blink effects for dynamic visualization. How to Use SMC+ Setup: Apply the indicator to any chart and adjust inputs based on your timeframe and market. Key Levels: Watch for price reactions at short, long, extra-long, or daily levels for potential reversals or breakouts. SMC Signals: Look for entry signals (triangles) near OBs or FVGs, confirmed by liquidity sweeps or BOS. Traps: Avoid false breakouts by monitoring trap boxes, especially near key levels with low volume. Notes: This indicator is a visual aid and does not guarantee trading success. Combine it with other analysis tools and risk management strategies. Performance may vary across markets and timeframes; test settings thoroughly before use. For optimal results, experiment with lookback periods and sensitivity settings to match your trading style. The default settings are optimal for 1 minute and 10 second time frames for small cap low float stocks. Continuation OB are Blue. Bullish Reversal OB color is Green Bearish Reversal OB color is Red FVG color is purple Bear Trap OB is red with a green border and often appears with a Bearish Reversal OB signaling caution to a short position. Bull trap OB is green with a Red border signaling caution to a long position. All active OB area are highlighted and solid in color while other non active OB area are dimmed. My personal favorite setups are when we have an active bullish reversal with an active FVG along with an active Continuation OB. Another personal favorite is the Bearish reversal OB signaling an end to a recent uptrend. The Trap OB detection are also a unique and Original helpful source of information. The OB have a white boarder by default that are colored black giving a simulated blinking effect when price is acting in that zone. The Trap OB border are colored with respect to direction of intended trap, all of which can be customized to personal style. All vaild OB zones are shown compact in size ,a unique and original view until its no longer valid.
Indicatore Pine Script®
di kwsatterfield1
ZigZag█ Overview This Pine Script™ library provides a comprehensive implementation of the ZigZag indicator using advanced object-oriented programming techniques. It serves as a developer resource rather than a standalone indicator, enabling Pine Script™ programmers to incorporate sophisticated ZigZag calculations into their own scripts. Pine Script™ libraries contain reusable code that can be imported into indicators, strategies, and other libraries. For more information, consult the Libraries section of the Pine Script™ User Manual. █ About the Original This library is based on TradingView's official ZigZag implementation . The original code provides a solid foundation with user-defined types and methods for calculating ZigZag pivot points. █ What is ZigZag? The ZigZag indicator filters out minor price movements to highlight significant market trends. It works by: 1. Identifying significant pivot points (local highs and lows) 2. Connecting these points with straight lines 3. Ignoring smaller price movements that fall below a specified threshold Traders typically use ZigZag for: - Trend confirmation - Identifying support and resistance levels - Pattern recognition (such as Elliott Waves) - Filtering out market noise The algorithm identifies pivot points by analyzing price action over a specified number of bars, then only changes direction when price movement exceeds a user-defined percentage threshold. █ My Enhancements This modified version extends the original library with several key improvements: 1. Support and Resistance Visualization - Adds horizontal lines at pivot points - Customizable line length (offset from pivot) - Adjustable line width and color - Option to extend lines to the right edge of the chart 2. Support and Resistance Zones - Creates semi-transparent zone areas around pivot points - Customizable width for better visibility of important price levels - Separate colors for support (lows) and resistance (highs) - Visual representation of price areas rather than just single lines 3. Zig Zag Lines - Separate colors for upward and downward ZigZag movements - Visually distinguishes between bullish and bearish price swings - Customizable colors for text - Width customization 4. Enhanced Settings Structure - Added new fields to the Settings type to support the additional features - Extended Pivot type with supportResistance and supportResistanceZone fields - Comprehensive configuration options for visual elements These enhancements make the ZigZag more useful for technical analysis by clearly highlighting support/resistance levels and zones, and providing clearer visual cues about market direction. █ Technical Implementation This library leverages Pine Script™'s user-defined types (UDTs) to create a robust object-oriented architecture: - Settings : Stores configuration parameters for calculation and display - Pivot : Represents pivot points with their visual elements and properties - ZigZag : Manages the overall state and behavior of the indicator The implementation follows best practices from the Pine Script™ User Manual's Style Guide and uses advanced language features like methods and object references. These UDTs represent Pine Script™'s most advanced feature set, enabling sophisticated data structures and improved code organization. For newcomers to Pine Script™, it's recommended to understand the language fundamentals before working with the UDT implementation in this library. █ Usage Example //@version=6 indicator("ZigZag Example", overlay = true, shorttitle = 'ZZA', max_bars_back = 5000, max_lines_count = 500, max_labels_count = 500, max_boxes_count = 500) import andre_007/ZigZag/1 as ZIG var group_1 = "ZigZag Settings" //@variable Draw Zig Zag on the chart. bool showZigZag = input.bool(true, "Show Zig-Zag Lines", group = group_1, tooltip = "If checked, the Zig Zag will be drawn on the chart.", inline = "1") // @variable The deviation percentage from the last local high or low required to form a new Zig Zag point. float deviationInput = input.float(5.0, "Deviation (%)", minval = 0.00001, maxval = 100.0, tooltip = "The minimum percentage deviation from a previous pivot point required to change the Zig Zag's direction.", group = group_1, inline = "2") // @variable The number of bars required for pivot detection. int depthInput = input.int(10, "Depth", minval = 1, tooltip = "The number of bars required for pivot point detection.", group = group_1, inline = "3") // @variable registerPivot (series bool) Optional. If `true`, the function compares a detected pivot // point's coordinates to the latest `Pivot` object's `end` chart point, then // updates the latest `Pivot` instance or adds a new instance to the `ZigZag` // object's `pivots` array. If `false`, it does not modify the `ZigZag` object's // data. The default is `true`. bool allowZigZagOnOneBarInput = input.bool(true, "Allow Zig Zag on One Bar", tooltip = "If checked, the Zig Zag calculation can register a pivot high and pivot low on the same bar.", group = group_1, inline = "allowZigZagOnOneBar") var group_2 = "Display Settings" // @variable The color of the Zig Zag's lines (up). color lineColorUpInput = input.color(color.green, "Line Colors for Up/Down", group = group_2, inline = "4") // @variable The color of the Zig Zag's lines (down). color lineColorDownInput = input.color(color.red, "", group = group_2, inline = "4", tooltip = "The color of the Zig Zag's lines") // @variable The width of the Zig Zag's lines. int lineWidthInput = input.int(1, "Line Width", minval = 1, tooltip = "The width of the Zig Zag's lines.", group = group_2, inline = "w") // @variable If `true`, the Zig Zag will also display a line connecting the last known pivot to the current `close`. bool extendInput = input.bool(true, "Extend to Last Bar", tooltip = "If checked, the last pivot will be connected to the current close.", group = group_1, inline = "5") // @variable If `true`, the pivot labels will display their price values. bool showPriceInput = input.bool(true, "Display Reversal Price", tooltip = "If checked, the pivot labels will display their price values.", group = group_2, inline = "6") // @variable If `true`, each pivot label will display the volume accumulated since the previous pivot. bool showVolInput = input.bool(true, "Display Cumulative Volume", tooltip = "If checked, the pivot labels will display the volume accumulated since the previous pivot.", group = group_2, inline = "7") // @variable If `true`, each pivot label will display the change in price from the previous pivot. bool showChgInput = input.bool(true, "Display Reversal Price Change", tooltip = "If checked, the pivot labels will display the change in price from the previous pivot.", group = group_2, inline = "8") // @variable Controls whether the labels show price changes as raw values or percentages when `showChgInput` is `true`. string priceDiffInput = input.string("Absolute", "", options = , tooltip = "Controls whether the labels show price changes as raw values or percentages when 'Display Reversal Price Change' is checked.", group = group_2, inline = "8") // @variable If `true`, the Zig Zag will display support and resistance lines. bool showSupportResistanceInput = input.bool(true, "Show Support/Resistance Lines", tooltip = "If checked, the Zig Zag will display support and resistance lines.", group = group_2, inline = "9") // @variable The number of bars to extend the support and resistance lines from the last pivot point. int supportResistanceOffsetInput = input.int(50, "Support/Resistance Offset", minval = 0, tooltip = "The number of bars to extend the support and resistance lines from the last pivot point.", group = group_2, inline = "10") // @variable The width of the support and resistance lines. int supportResistanceWidthInput = input.int(1, "Support/Resistance Width", minval = 1, tooltip = "The width of the support and resistance lines.", group = group_2, inline = "11") // @variable The color of the support lines. color supportColorInput = input.color(color.red, "Support/Resistance Color", group = group_2, inline = "12") // @variable The color of the resistance lines. color resistanceColorInput = input.color(color.green, "", group = group_2, inline = "12", tooltip = "The color of the support/resistance lines.") // @variable If `true`, the support and resistance lines will be drawn as zones. bool showSupportResistanceZoneInput = input.bool(true, "Show Support/Resistance Zones", tooltip = "If checked, the support and resistance lines will be drawn as zones.", group = group_2, inline = "12-1") // @variable The color of the support zones. color supportZoneColorInput = input.color(color.new(color.red, 70), "Support Zone Color", group = group_2, inline = "12-2") // @variable The color of the resistance zones. color resistanceZoneColorInput = input.color(color.new(color.green, 70), "", group = group_2, inline = "12-2", tooltip = "The color of the support/resistance zones.") // @variable The width of the support and resistance zones. int supportResistanceZoneWidthInput = input.int(10, "Support/Resistance Zone Width", minval = 1, tooltip = "The width of the support and resistance zones.", group = group_2, inline = "12-3") // @variable If `true`, the support and resistance lines will extend to the right of the chart. bool supportResistanceExtendInput = input.bool(false, "Extend to Right", tooltip = "If checked, the lines will extend to the right of the chart.", group = group_2, inline = "13") // @variable References a `Settings` instance that defines the `ZigZag` object's calculation and display properties. var ZIG.Settings settings = ZIG.Settings.new( devThreshold = deviationInput, depth = depthInput, lineColorUp = lineColorUpInput, lineColorDown = lineColorDownInput, textUpColor = lineColorUpInput, textDownColor = lineColorDownInput, lineWidth = lineWidthInput, extendLast = extendInput, displayReversalPrice = showPriceInput, displayCumulativeVolume = showVolInput, displayReversalPriceChange = showChgInput, differencePriceMode = priceDiffInput, draw = showZigZag, allowZigZagOnOneBar = allowZigZagOnOneBarInput, drawSupportResistance = showSupportResistanceInput, supportResistanceOffset = supportResistanceOffsetInput, supportResistanceWidth = supportResistanceWidthInput, supportColor = supportColorInput, resistanceColor = resistanceColorInput, supportResistanceExtend = supportResistanceExtendInput, supportResistanceZoneWidth = supportResistanceZoneWidthInput, drawSupportResistanceZone = showSupportResistanceZoneInput, supportZoneColor = supportZoneColorInput, resistanceZoneColor = resistanceZoneColorInput ) // @variable References a `ZigZag` object created using the `settings`. var ZIG.ZigZag zigZag = ZIG.newInstance(settings) // Update the `zigZag` on every bar. zigZag.update() //#endregion The example code demonstrates how to create a ZigZag indicator with customizable settings. It: 1. Creates a Settings object with user-defined parameters 2. Instantiates a ZigZag object using these settings 3. Updates the ZigZag on each bar to detect new pivot points 4. Automatically draws lines and labels when pivots are detected This approach provides maximum flexibility while maintaining readability and ease of use.
Libreria Pine Script®
di andre_007
12
Dynamic Breakout Master by tradingbauhaus 🌟 Code Description: This Pine Script implements a trading strategy called "Dynamic Breakout Master" 💥. The core idea of the strategy is to identify breakouts (price movements) at key support 💙 and resistance 🔴 levels, through a dynamic channel that adapts to the market’s conditions. Here's how it works: 🔧 Customizable Input Parameters: 🧭 Pivot Period: This defines the number of bars (candles) to the left and right used to detect pivots (highs and lows) that mark the support and resistance zones. 📊 Data Source: You can choose whether to use highs and lows or closes and opens of the candles to identify the pivots. 📏 Max Channel Width: Specifies the maximum width allowed for the support/resistance channel, expressed as a percentage over the last 300 bars. 💪 Minimum Pivot Strength: This defines the minimum number of pivots needed for a support or resistance level to be considered valid. 🏔 Max Support/Resistance Zones: Limits the number of key zones displayed on the chart. 📅 Lookback Period: Adjusts how many bars back the system should check to find and validate support and resistance levels. 🎨 Custom Colors: You can choose colors for the support, resistance, and in-channel zones. 📉 Moving Averages (MA): The strategy allows adding up to two moving averages (SMA or EMA) to assist in making trading decisions. 📊 Calculating Support/Resistance Levels: The system uses an algorithm to identify pivots from prices and calculates dynamic support and resistance zones 🔒🔓. The closer the pivots are and the stronger their influence, the more relevant the zone becomes for the strategy. The dynamic channel is drawn on the chart, with a maximum width limit for these zones defined by the input parameter. 📈 Trading Logic: 🚀 Identifying Breakouts: The strategy looks for when the price breaks (breakouts) a resistance or support level. If the price breaks upward through the resistance level, a buy order 📈 is triggered. If the price breaks downward through the support level, a sell order 📉 is triggered. 🔔 Alerts: Resistance Break (ResBreak) and Support Break (SupBreak) alerts are configured to notify users when a significant breakout occurs. 💰 Commissions: The strategy includes a commission (0.1%) to simulate transaction costs for each trade. 📊 Chart Visualization: The support and resistance zones are displayed as colored rectangles: 🔴 Resistance (red) and 🔵 Support (blue). Pivots of support and resistance can be labeled as P (for resistance) and V (for support). Breakouts of support or resistance levels are marked with triangles that appear on the chart 🔺🔻. 📈 Trading Strategy: If the price breaks upward through the resistance level, a long position (buy) 📈 is opened. If the price breaks downward through the support level, a short position (sell) 📉 is opened. 🏆 Conclusion: This script is a dynamic breakout strategy 💥 that allows traders to capture significant price movements when support or resistance channels break. The customizable parameters let users fine-tune the strategy according to their preferences, while the visual alerts on the chart make it easier to follow trading opportunities. The inclusion of moving averages and key price zones adds an extra layer of analysis to improve decision-making 💡.
Strategia Pine Script®
di tradingbauhaus
Gann & Fibonacci Analysis for MSTRYes! Below is a step-by-step guide to performing Gann Analysis on MSTR in TradingView for the last year. Step 1: Set Up the Chart Open TradingView and search for MSTR (MicroStrategy). Select the 1-day (D) timeframe to analyze the past year. Set your chart to logarithmic scale (⚙ Settings → Scale → Log). Enable grid lines for alignment (⚙ Settings → Appearance → Grid Lines). Step 2: Identify Key Highs and Lows (Last Year) Find the 52-week high and 52-week low for MSTR. As of now: 52-Week High: ~$999 (March 2024). 52-Week Low: ~$280 (October 2023). Step 3: Plot Gann Angles Using TradingView's Gann Fan Tool: Select "Gann Fan" (Press / and type “Gann Fan” to find it). Start at the 52-week low (~$280, October 2023) and drag upwards. Adjust the angles to match key levels: 1x1 (45°) → Main trendline 2x1 (26.5°) → Strong uptrend 4x1 (15°) → Weak trendline 1x2 (63.75°) → Strong resistance Repeat the process from the 52-week high (~$999, March 2024) downward to see bearish angles. Step 4: Apply Fibonacci & Gann Retracement Levels Using Fibonacci Retracement: Select "Fibonacci Retracement" tool. Draw from 52-week high ($999) to 52-week low ($280). Enable key Fibonacci levels: 23.6% ($816) 38.2% ($678) 50% ($640) 61.8% ($550) 78.6% ($430) Watch for price reactions near these levels. Using Gann Retracement Levels: Select "Gann Box" in TradingView. Draw from 52-week high ($999) to low ($280). Enable key Gann retracement levels: 12.5% ($912) 25% ($850) 37.5% ($768) 50% ($640) 62.5% ($550) 75% ($480) 87.5% ($350) Identify confluences with Gann angles and Fibonacci levels. Step 5: Identify Significant Dates & Time Cycles Use "Date Range" Tool in TradingView. Mark major turning points: High → Low: ~180 days (Half-year cycle). Low → High: ~90 days (Quarter cycle). Use Square-Outs (Time = Price method): Example: If MSTR hit $500, check 500 days from key events. Mark key anniversaries of past highs/lows for possible reversals. Step 6: Analyze and Trade Execution ✅ If MSTR is at a Gann angle + Fibonacci level + key date → Expect a reaction. ✅ Use RSI, MACD, and Volume for extra confirmation. ✅ Set Stop-Loss at nearest Gann support/resistance.
Indicatore Pine Script®
di zkissing
LDO Support and Resistance with Trend LinesUnderstanding the Indicator on Your Chart Support Lines (Green): These horizontal lines represent price levels where LDO is likely to find buying interest, preventing further declines. They turn a semi-transparent green when the price is above them and blue when below. Resistance Lines (Blue): These horizontal lines indicate price levels where selling pressure may halt upward movements. They turn a semi-transparent blue when the price is below them and green when above. Trend Lines (Blue for Resistance, Green for Support): Diagonal lines show the overall trend direction. Blue trend lines indicate resistance (price may struggle to rise above), and green trend lines indicate support (price may find a floor). Pivots: Small triangles appear above or below candles to mark pivot highs (resistance) and pivot lows (support), helping you identify key turning points. Customizing the Indicator You can tweak the indicator’s behavior through the settings panel. Here’s what each input does: Show Trend Lines? (Default: True) Enables or disables the display of trend lines on the chart. Set to false to hide trend lines if you only want support/resistance levels. Choose Higher Time Frame Select a higher timeframe (e.g., 1H, 4H, 1D) to display support and resistance levels from that timeframe on your current chart (e.g., 5M or 15M). Pivot Length Settings (Current and Higher Timeframe): Pivot Length Left Hand Side (Current/HTF): Adjusts how many bars to the left the indicator looks to identify pivot lows (default: 15 for current, 20 for HTF). Pivot Length Right Hand Side (Current/HTF): Adjusts how many bars to the right the indicator looks to identify pivot highs (default: 10 for current, 15 for HTF). Increase these values for fewer, more significant pivots; decrease for more frequent pivots. Pivot Sources (Trend 1 and Trend 2 Pivots): Select the price source (e.g., low, high) for calculating pivot lows and highs. Default is low for pivot lows and high for pivot highs. Line Width Settings: Lower Time Frame Line Width (Default: 5): Sets the thickness of support/resistance lines on the current timeframe. Higher Time Frame Line Width (Default: 18): Sets the thickness of support/resistance lines on the higher timeframe. Show Support & Resistance? (Default: True) Enables or disables the display of horizontal support and resistance lines. Set to false to hide them if you only want trend lines. Alert Settings (Under “Alerts” Group): Enable Trend Line Alerts? (Default: True): Turns alerts on or off for trend line hits. Alert on Resistance Trend Lines? (Default: True): Enables alerts when the price hits resistance trend lines. Alert on Support Trend Lines? (Default: True): Enables alerts when the price hits support trend lines. Alert Message: Customize the alert message format (default: “Price hit trend line at {0}”, where {0} is replaced by the price). Setting Up Alerts Enable Alerts in the Indicator: In the indicator settings, ensure “Enable Trend Line Alerts?” is set to true, and choose whether to alert on resistance or support trend lines. Create a TradingView Alert: Click the “Alerts” button (bell icon) at the top of the chart. Select “Create Alert” and choose this indicator from the “Condition” dropdown. Set the alert frequency (e.g., once per bar, only once), notification method (e.g., email, popup), and save the alert. Test the Alerts:
Indicatore Pine Script®
di LordDrake