OCM Quarter Point Autopilot - A Multi-Timeframe Quarter TheoryDescription:
The OCM Quarter Point Autopilot indicator automates the application of Quarters Theory across multiple timeframes and instruments. It creates a comprehensive grid of support and resistance levels based on two user-defined price points (Monthly QTPs).
Key Features:
- Automatically calculates and displays quarter points across 5 timeframes:
• Monthly (Black lines)
• Weekly (Blue lines)
• Daily (Green lines)
• 4-Hour (Red lines)
• 1-Hour (Purple lines)
- Shows both upper and lower ranges, which can be toggled on/off
- Visual hierarchy through color-coding for easy timeframe identification
- Extends lines 2 years into the past and 6 months into the future
Usage:
1. Enter two Monthly Quarter Trading Points (QTPs)
2. The indicator automatically:
- Calculates midpoints (weekly)
- Quarter points (daily)
- Eighth points (4-hour)
- Further subdivisions (1-hour)
Benefits:
- Identifies potential support/resistance levels
- Helps spot key price targets
- Works on any instrument where psychological levels matter
- Provides multiple timeframe analysis in one view
Best suited for traders who:
- Follow multi-timeframe analysis
- Trade using support/resistance levels
- Want to identify potential price targets
- Need structured price levels for entries/exits
The indicator combines the systematic approach of Quarters Theory with automated calculation and visualization, making it easier to identify key price levels across multiple timeframes.
Cerca negli script per "support resistance"
Fractal levels Gold [AstroHub]This indicator detects key fractal points on a price chart and visually marks them with shapes and levels. It helps traders identify potential reversal zones and dynamic support/resistance levels, enhancing market analysis.
Key Features:
Fractal Detection:
The indicator identifies top and bottom fractals using a 5-bar pattern.
A top fractal forms when the middle bar has a higher high compared to the two bars on either side.
A bottom fractal forms when the middle bar has a lower low compared to the two bars on either side.
Fractal Filtering:
The indicator can filter out "pristine" fractals (uninterrupted fractal patterns) based on custom conditions, making it more selective and reducing false signals.
Fractal Plotting:
are plotted as downward triangles.
are plotted as upward triangles.
Users can choose to display or hide fractal points and their corresponding labels.
Fractal Levels:
The indicator automatically plots fractals' levels on the chart, marking potential resistance and support zones.
Fractal levels change dynamically as new fractals are identified.
Customizable Display Options:
Show or hide fractals and levels with adjustable settings.
Choose whether to apply filtering for pristine fractals.
Display the pivot labels to easily track fractal positions.
How It Works:
The indicator uses a simple approach to recognize top and bottom fractals . When a valid fractal is detected, it highlights it on the chart and plots the corresponding price level.
By default, top fractals are shown above the bars (red color), and bottom fractals are shown below the bars (green color).
Fractal levels represent potential reversal points and can act as dynamic support and resistance zones.
Best Use:
The indicator is particularly useful in identifying reversal points and trend changes, helping traders to spot key price levels.
It can be used across various timeframes and markets, particularly for trend-following or reversal strategies.
Customizable Settings:
Show Pivots: Toggle the display of pivot points.
Show Pivot Labels: Display labels for pivot levels.
Show Fractals: Toggle fractal points on the chart.
Show Fractal Levels: Show or hide the levels corresponding to the detected fractals.
Filter for Pristine Fractals: Enable this option to filter out non-pristine fractals for higher accuracy.
Conclusion:
This indicator provides clear, actionable fractal signals, helping traders easily identify critical levels for entry and exit. With customizable settings and visual cues, it's suitable for both novice and expe
WhalenatorThis custom TradingView indicator combines multiple analytic techniques to help identify potential market trends, areas of support and resistance, and zones of heightened trading activity. It incorporates a SuperTrend-like line based on ATR, Keltner Channels for volatility-based price envelopes, and dynamic order blocks derived from significant volume and pivot points. Additionally, it highlights “whale” activities—periods of exceptionally large volume—along with an estimated volume profile level and approximate bid/ask volume distribution. Together, these features aim to offer traders a more comprehensive view of price structure, volatility, and institutional participation.
This custom TradingView indicator integrates multiple trading concepts into a single, visually descriptive tool. Its primary goal is to help traders identify directional bias, volatility levels, significant volume events, and potential support/resistance zones on a price chart. Below are the main components and their functionalities:
SuperTrend-Like Line (Trend Bias):
At the core of the indicator is a trend-following line inspired by the SuperTrend concept, which uses Average True Range (ATR) to adaptively set trailing stop levels. By comparing price to these levels, the line attempts to indicate when the market is in an uptrend (price above the line) or a downtrend (price below the line). The shifting levels can provide a dynamic sense of direction and help traders stay with the predominant trend until it shifts.
Keltner Channels (Volatility and Range):
Keltner Channels, based on an exponential moving average and Average True Range, form volatility-based envelopes around price. They help traders visualize whether price is extended (touching or moving outside the upper/lower band) or trading within a stable range. This can be useful in identifying low-volatility consolidations and high-volatility breakouts.
Dynamic Order Blocks (Approximations of Supply/Demand Zones):
By detecting pivot highs and lows under conditions of significant volume, the indicator approximates "order blocks." Order blocks are areas where institutional buying or selling may have occurred, potentially acting as future support or resistance zones. Although these approximations are not perfect, they offer a visual cue to areas on the chart where price might react strongly if revisited.
Volume Profile Proxy and Whale Detection:
The indicator highlights price levels associated with recent maximum volume activity, providing a rough "volume profile" reference. Such levels often become key points of price interaction.
"Whale" detection logic attempts to identify bars where exceptionally large volume occurs (beyond a defined threshold). By tracking these "whale bars," traders can infer where heavy participation—often from large traders or institutions—may influence market direction or create zones of interest.
Approximate Bid/Ask Volume and Dollar Volume Tracking:
The script estimates whether volume within each bar leans more towards the bid or the ask side, aiming to understand which participant (buyers or sellers) might have been more aggressive. Additionally, it calculates dollar volume (close price multiplied by volume) and provides an average to gauge the relative participation strength over time.
Labeling and Visual Aids:
Dynamic labels display Whale Frequency (the ratio of bars with exceptionally large volume), average dollar volume, and approximate ask/bid volume metrics. This gives traders at-a-glance insights into current market conditions, participation, and sentiment.
Strengths:
Multifaceted Analysis:
By combining trend, volatility, volume, and order block logic in one place, the indicator saves chart space and simplifies the analytical process. Traders gain a holistic view without flipping between multiple separate tools.
Adaptable to Market Conditions:
The use of ATR and Keltner Channels adapts to changing volatility conditions. The SuperTrend-like line helps keep traders aligned with the prevailing trend, avoiding constant whipsaws in choppy markets.
Volume-Based Insights:
Integrating whale detection and a crude volume profile proxy helps traders understand where large players might be interacting. This perspective can highlight critical levels that might not be evident from price action alone.
Convenient Visual Cues and Labels:
The indicator provides quick reference points and textual information about the underlying volume dynamics, making decision-making potentially faster and more informed.
Weaknesses:
Heuristic and Approximate Nature:
Many of the indicator’s features, like the "order blocks," "whale detection," and the approximate bid/ask volume, rely on heuristics and assumptions that may not always be accurate. Without actual Level II data or true volume profiles, the insights are best considered as supplementary, not definitive signals.
Lagging Components:
Indicators that rely on past data, like ATR-based trends or moving averages for Keltner Channels, inherently lag behind price. This can cause delayed signals, particularly in fast-moving markets, potentially missing some early opportunities or late in confirming market reversals.
No Guaranteed Predictive Power:
As with any technical tool, it does not forecast the future with certainty. Strong volume at a certain level or a bullish SuperTrend reading does not guarantee price will continue in that direction. Market conditions can change unexpectedly, and false signals will occur.
Complexity and Overreliance Risk:
With multiple signals combined, there’s a risk of information overload. Traders might feel compelled to rely too heavily on this one tool. Without complementary analysis (fundamentals, news, or additional technical confirmation), overreliance on the indicator could lead to misguided trades.
Conclusion:
This integrated indicator offers a comprehensive visual guide to market structure, volatility, and activity. Its strength lies in providing a multi-dimensional viewpoint in a single tool. However, traders should remain aware of its approximations, inherent lags, and the potential for conflicting signals. Sound risk management, position sizing, and the use of complementary analysis methods remain essential for trading success.
Risks Associated with Trading:
No indicator can guarantee profitable trades or accurately predict future price movements. Market conditions are inherently unpredictable, and reliance on any single tool or combination of tools carries the risk of financial loss. Traders should practice sound risk management, including the use of stop losses and position sizing, and should not trade with funds they cannot afford to lose. Ultimately, decisions should be guided by a thorough trading plan and possibly supplemented with other forms of market analysis or professional advice.
Risks and Important Considerations:
• Not a Standalone Tool:
• This indicator should not be used in isolation. It is essential to incorporate additional technical analysis tools, fundamental analysis, and market context when making trading decisions.
• Relying solely on this indicator may lead to incomplete assessments of market conditions.
• Market Volatility and False Signals:
• Financial markets can be highly volatile, and indicators based on historical data may not accurately predict future movements.
• The indicator may produce false signals due to sudden market changes, low liquidity, or atypical trading activity.
• Risk Management:
• Always employ robust risk management strategies, including setting stop-loss orders, diversifying your portfolio, and not over-leveraging positions.
• Understand that no indicator guarantees success, and losses are a natural part of trading.
• Emotional Discipline:
• Avoid making impulsive decisions based on indicator signals alone.
• Emotional trading can lead to significant financial losses; maintain discipline and adhere to a well-thought-out trading plan.
• Continuous Learning and Adaptation:
• Stay informed about market news, economic indicators, and global events that may impact trading conditions.
• Continuously evaluate and adjust your trading strategies as market dynamics evolve.
• Consultation with Professionals:
• Consider seeking advice from financial advisors or professional traders to understand better how this indicator can fit into your overall trading strategy.
• Professional guidance can provide personalized insights based on your financial goals and risk tolerance.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
Zigzag3 -Invincible3Description:
Zigzag3 - Invincible3 is a powerful and flexible support and resistance indicator for TradingView. Utilizing an enhanced ZigZag algorithm and Dow Theory principles, it detects price pivots, higher highs (HH), lower highs (LH), higher lows (HL), and lower lows (LL). The indicator draws lines and labels to visualize these pivots, making it easier to identify market structure, trends, and potential reversal points.
The Length input allows traders to control the sensitivity of pivot detection.
Support and Resistance Lines:
Displays dotted and solid SR lines based on significant pivots to highlight key market zones.
Option to extend support/resistance lines dynamically with real-time progression for the latest pivot.
Labels for Dow Theory Points:
Mark higher highs, lower highs, higher lows, and lower lows with customizable colors.
Identifies market direction and potential breakout levels with visual clarity.
ZigZag Line Visualization:
Toggle the ZigZag lines to connect pivots for a better understanding of price movement.
Dynamic Dotted Line Progression:
A dotted line extends in real-time from the most recent significant pivot point, aiding in quick analysis.
This indicator is ideal for traders looking to analyze market structure, identify trends, and spot potential reversals. It can be used as a standalone tool or in combination with other strategies for enhanced precision.
OA S/R PowerPurpose of the Script
This script identifies the strength of support and resistance levels based on key factors like volume, bounce frequency, and retests. Each level is assigned a score (0-100) and visualized with color-coded labels on the chart.
Key Features
Dynamic Strength Calculation:
Volume Strength: Measures the strength based on the volume of candles touching the level.
Bounce Strength: Evaluates how often the price bounces back from the level.
Retest Strength: Scores the consistency of retests over time.
Color-Coded Visualization:
Yellow: Strong levels (Strength ≥ 70).
Orange: Medium levels (Strength between 50-70).
Red: Resistance levels (Price is below the level).
Green: Support levels (Price is above the level).
Fully Customizable Settings:
Adjust the weight for volume, bounce, and retest contributions.
Configure timeframes, percentage range, and number of levels to analyze.
How It Works
Identify Peaks and Valleys: The script calculates local highs and lows using a configurable width setting to determine potential support and resistance levels.
Filter Key Levels: Nearby levels are merged based on a user-defined percentage range, ensuring clean and relevant levels.
Strength Scoring: Levels are scored dynamically based on:
The number of touches.
The volume of touches.
The frequency of bounces and retests.
Visual Feedback: Each level is plotted on the chart with a color-coded label, indicating its importance and price relationship.
Best Use Cases
Quickly identify strong support/resistance zones for breakout or reversal trades.
Use the dynamic scoring system to prioritize key levels for your strategy.
Customize weights to align with your trading style, such as emphasizing volume or retests.
Globex time (New York Time)This indicator is designed to highlight and analyze price movements within the Globex session. Primarily geared toward the Globex Trap trading strategy, this tool visually identifies the session's high and low prices, allowing traders to better assess price action during extended hours. Here’s a comprehensive breakdown of its features and functionality:
Purpose
The "Globex Time (New York Time)" indicator tracks price levels during the Globex trading session, providing a clear view of overnight market activity. This session, typically running from 6 p.m. ET (18:00) until the following morning at 8:30 a.m. ET, is a critical period where significant market positioning can occur before the regular session opens. In the Globex Trap strategy, the session high and low are essential levels, as price movements around these areas often indicate potential support, resistance, or reversal zones, which traders use to set up entries or exits when the regular trading session begins.
Key Features
Customizable Session Start and End Times
The indicator allows users to specify the exact start and end times of the Globex session in New York time. The default settings are:
Start: 6 p.m. ET (18:00)
End: 8:30 a.m. ET
These settings can be adjusted to align with specific market hours or personal preferences.
Session High and Low Identification
Throughout the defined session, the indicator dynamically calculates and tracks:
Session High: The highest price reached within the session.
Session Low: The lowest price reached within the session.
These levels are essential for the Globex Trap strategy, as price action around them can indicate likely breakout or reversal points when regular trading resumes.
Vertical Lines for Session Start and End
The indicator draws vertical lines at both the session start and end times:
Session Start Line: A solid line marking the exact beginning of the Globex session.
Session End Line: A similar vertical line marking the session’s conclusion.
Both lines are customizable in terms of color and thickness, making it easy to distinguish the session boundaries visually on the chart.
Horizontal Lines for Session High and Low
At the end of the session, the indicator plots horizontal lines representing the Globex session's high and low levels. Users can customize these lines:
Color: Define specific colors for the session high (default: red) and session low (default: green) to easily differentiate them.
Line Style: Options to set the line style (solid, dashed, or dotted) provide flexibility for visual preferences and chart organization.
Automatic Reset for Daily Tracking
To adapt to the next trading day, the indicator resets the session high and low data once the current session ends. This reset prepares it to start tracking new levels at the beginning of the next session without manual intervention.
Practical Application in the Globex Trap Strategy
In the Globex Trap strategy, traders are primarily interested in price behavior around the high and low levels established during the overnight session. Common applications of this indicator for this strategy include:
Breakout Trades: Watching for price to break above the Globex high or below the Globex low, indicating potential momentum in the breakout direction.
Reversal Trades: Monitoring for failed breakouts or traps where price tests and rejects the Globex high or low, suggesting a reversal as liquidity is trapped in these zones.
Support and Resistance Zones: Using the session high and low as key support and resistance levels during the regular trading session, with potential entry or exit points when price approaches these areas.
Additional Configuration Options
Vertical Line Color and Width: Define the color and thickness of the vertical session start and end lines to match your chart’s theme.
Upper and Lower Line Colors and Styles: Customize the appearance of the session high and low horizontal lines by setting color and line style (solid, dashed, or dotted), making it easy to distinguish these critical levels from other chart markings.
Summary
This indicator is a valuable tool for traders implementing the Globex Trap strategy. It visually segments the Globex session and marks essential price levels, helping traders analyze market behavior overnight. Through its customizable options and clear visual representation, it simplifies tracking overnight price activity and identifying strategic levels for potential trade setups during the regular session.
Ultimate Multi Indicator - by SachaThe Ultimate Multi Indicator: The Ultimate Guide To Profit
This custom indicator, the Ultimate Multi Indicator , integrates multiple trading indicators to have powerful buy and sell signals. I combined MACD, EMA, RSI, Bollinger Bands, Volume Profile, and Ichimoku Cloud indicators to help traders analyze both short-term and long-term price movements.
Key Components and How to Use Them
- MACD (Moving Average Convergence Divergence):
- Use for trend direction and potentiality of reversals.
- The blue line (MACD Line) crossing above the orange line (Signal Line) indicates a bullish reversal; the opposite signals a bearish reversal.
- Watch for crossovers to confirm the direction of smaller price movements.
- 200 EMA (Long) (Exponential Moving Average):
- Use to indicate a long-term trend direction.
- If the price is above the 200 EMA, the market is in an uptrend; below it suggests a downtrend.
- The chart’s background color shifts subtly green (uptrend) or red (downtrend) depending on the EMA's relative position.
- RSI (Relative Strength Index):
- Tracks momentum and overbought/oversold levels.
- RSI over 70 signifies overbought conditions; under 30 indicates oversold.
- Look for RSI turning points around these levels to identify potential reversals.
- Bollinger Bands :
- The price touching or crossing the upper Bollinger Band may mean overbought conditions are filled, while a touch at the lower band indicates oversold.
- Bollinger Band interactions often align with key reversal points, especially when combined with other signals.
- Volume Profile :
- A yellow VP line on the chart represents significant trading volume occurred.
- This line can be used as both a support and resistance level, and especially during consolidations or trend changes.
- Ichimoku Cloud :
- Identifies support/resistance levels and trend direction.
- Green and red cloud regions visually show if the price is above (bullish) or below (bearish) key levels.
- Price above the cloud (green) confirms a bullish market, while below (red) signals bearish.
Signal Conditions and Visualization
- Buy Signals :
- This is triggered right away when MACD crosses up, RSI is oversold, or price touches the lower Bollinger Band, provided price is above both the Ichimoku Cloud and the 200 EMA.
- A green “BUY” label appears below the bar, suggesting a potential entry.
- Sell Signals :
- This signal is generated when MACD crosses down, RSI is overbought, or price touches the upper Bollinger Band, and price is below the Ichimoku Cloud and the 200 EMA.
- A red “SELL” label is shown above the bar, indicating a potential exit.
Tips & Tricks
- Confirm Signals : Use multiple signals to confirm entries and exits. For example, if both the MACD and RSI align with the Ichimoku Cloud direction, the trade setup is stronger.
- Trend Directions : Only take buy signals if the price is above the 200 EMA, and sell signals if it is below, aligning trades with the overall trend.
- Adjust for Volatility : In high-volatility markets, especially in the crypto markets, pay close attention to the Bollinger Bands for breakout potential.
- Ichimoku as a Trend Guide : Use the Ichimoku Cloud as a guide for long-term support and resistance levels, especially for swing trades.
This multi-layered indicator gives a balanced blend of short-term signals and long-term trend insights, making it a versatile tool for day trading, swing trading, or even longer-term analysis.
Remember that indicators that will make you rich instantly don't exist. To expect minimum profit from them, you shouldn't trade all you have at the same time but only trade with the money you can afford to lose.
After that being said, I wish you traders luck with the Ultimate Multi Indicator!
Linear Regression Channel UltimateKey Features and Benefits
Logarithmic scale option for improved analysis of long-term trends and volatile markets
Activity-based profiling using either touch count or volume data
Customizable channel width and number of profile fills
Adjustable number of most active levels displayed
Highly configurable visual settings for optimal chart readability
Why Logarithmic Scale Matters
The logarithmic scale option is a game-changer for analyzing assets with exponential growth or high volatility. Unlike linear scales, log scales represent percentage changes consistently across the price range. This allows for:
Better visualization of long-term trends
More accurate comparison of price movements across different price levels
Improved analysis of volatile assets or markets experiencing rapid growth
How It Works
The indicator calculates a linear regression line based on the specified period
Upper and lower channel lines are drawn at a customizable distance from the regression line
The space between the channel lines is divided into a user-defined number of levels
For each level, the indicator tracks either:
- The number of times price touches the level (touch count method)
- The total volume traded when price is at the level (volume method)
The most active levels are highlighted based on this activity data
Understanding Touch Count vs Volume
Touch count method: Useful for identifying key support/resistance levels based on price action alone
Volume method: Provides insight into levels where the most trading activity occurs, potentially indicating stronger support/resistance
Practical Applications
Trend identification and strength assessment
Support and resistance level discovery
Entry and exit point optimization
Volume profile analysis for improved market structure understanding
This Linear Regression Channel indicator combines powerful statistical analysis with flexible visualization options, making it an invaluable tool for traders and analysts across various timeframes and markets. Its unique features, especially the logarithmic scale and activity profiling, provide deeper insights into market behavior and potential turning points.
Alpine Predictive BandsAlpine Predictive Bands - ADX & Trend Projection is an advanced indicator crafted to estimate potential price zones and trend strength by integrating dynamic support/resistance bands, ADX-based confidence scoring, and linear regression-based price projections. Designed for adaptive trend analysis, this tool combines multi-timeframe ADX insights, volume metrics, and trend alignment for improved confidence in trend direction and reliability.
Key Calculations and Components:
Linear Regression for Price Projection:
Purpose: Provides a trend-based projection line to illustrate potential price direction.
Calculation: The Linear Regression Centerline (LRC) is calculated over a user-defined lookbackPeriod. The slope, representing the rate of price movement, is extended forward using predictionLength. This projected path only appears when the confidence score is 70% or higher, revealing a white dotted line to highlight high-confidence trends.
Adaptive Prediction Bands:
Purpose: ATR-based bands offer dynamic support/resistance zones by adjusting to volatility.
Calculation: Bands are calculated using the Average True Range (ATR) over the lookbackPeriod, multiplied by a volatilityMultiplier to adjust the width. These shaded bands expand during higher volatility, guiding traders in identifying flexible support/resistance zones.
Confidence Score (ADX, Volume, and Trend Alignment):
Purpose: Reflects the reliability of trend projections by combining ADX, volume status, and EMA alignment across multiple timeframes.
ADX Component: ADX values from the current timeframe and two higher timeframes assess trend strength on a broader scale. Strong ADX readings across timeframes boost the confidence score.
Volume Component: Volume strength is marked as “High” or “Low” based on a moving average, signaling trend participation.
Trend Alignment: EMA alignment across timeframes indicates “Bullish” or “Bearish” trends, confirming overall trend direction.
Calculation: ADX, volume, and trend alignment integrate to produce a confidence score from 0% to 100%. When the score exceeds 70%, the white projection line is activated, underscoring high-confidence trend continuations.
User Guide
Projection Line: The white dotted line, which appears only when the confidence score is 70% or higher, highlights a high-confidence trend.
Prediction Bands: Adaptive bands provide potential support/resistance zones, expanding with market volatility to help traders visualize price ranges.
Confidence Score: A high score indicates a stronger, more reliable trend and can support trend-following strategies.
Settings
Prediction Length: Determines the forward length of the projection.
Lookback Period: Sets the data range for calculating regression and ATR.
Volatility Multiplier: Adjusts the width of bands to match volatility levels.
Disclaimer: This indicator is for educational purposes and does not guarantee future price outcomes. Additional analysis is recommended, as trading carries inherent risks.
Rounded Grid Levels🟩 Rounded Grid Levels is a visual tool that helps traders quickly identify key psychological price levels on any chart. By dynamically adapting to the user's visible screen area, it provides consistent, easy-to-read round number grids that align with price action. The indicator offers a traditional visualization of horizontal round level grids, along with enhanced options such as tilted grids that align with market sentiment, and fan-shaped grids for alternative price interaction views. It serves purely as a visual aid, providing an adaptable way to observe rounded price levels without making predictions or generating trading signals.
⚡ OVERVIEW ⚡
The Rounded Grid Levels indicator is a visual tool designed to help traders identify and track price levels that may hold psychological significance, such as round numbers or significant milestones. These levels often serve as potential areas for price reactions, including support, resistance, or points of market interest. The indicator's gridlines are determined by user-defined settings and adjust dynamically based on the visible chart area, meaning they are influenced by the user's current zoom level and perspective. This behavior is similar to TradingView's built-in grid lines found in the chart settings canvas, which also adjust in real-time based on the visible screen, ensuring the most relevant price levels are displayed. By default, the indicator provides consistent gridlines to represent traditional round number levels, offering a straightforward view of key psychological areas. Additionally, users have access to experimental and novel configurations, such as fan-shaped layouts, which expand from a central point and adapt directionally based on user settings. This configuration can provide an alternate perspective for traders, especially useful in analyzing broader market moves and visualizing expansion relative to the current price.
Users can display the gridlines in a variety of configurations, including horizontal, neutral, auto, or fan-shaped layouts, depending on their preferred method of analysis. This flexibility allows traders to focus on different types of price action without overcrowding the visual representation of price movements.
This indicator is intended purely as a visual aid for understanding how price interacts with rounded levels over time. It does not generate predictive trading signals or recommendations but rather provides traders with a customizable framework to enhance their market analysis.
⭕ ROUND NUMBERS IN MARKET PSYCHOLOGY ⭕
Round numbers hold a significant place in financial markets, largely due to the psychological tendencies of traders and investors. These levels often represent areas of interest where human behavior, market biases, and trading strategies converge. Whether it's prices ending in 000, 500, or other recognizable values, these levels naturally attract more attention and influence decision-making.
Round numbers can act as key support or resistance levels and often become focal points in market activity. They are frequently highlighted by financial media, embedded in products like options, and serve as foundations for various trading theories. Their impact extends across different market participants and strategies, making them important focal points in both short-term and long-term market analysis.
Round numbers play an important role in guiding trader behavior and market activity. To better understand why these levels are so impactful, there are several key factors that highlight their significance in trading and price dynamics:
Psychological Impact : Humans naturally gravitate toward round numbers, such as prices ending in 000, 500, or 00. These levels tend to draw attention as traders perceive them as psychologically significant. This behavior is rooted in the cognitive bias known as "left-digit bias," where people assign greater importance to rounded, more recognizable numbers. In trading, this means that prices at these levels are more memorable and thus more likely to attract attention, creating an area where traders focus their buying or selling decisions.
Order Clustering : Traders often place buy and sell orders around these rounded levels, either manually or automatically through stop and limit orders. This clustering leads to the formation of visible support or resistance zones, as the concentrated orders tend to influence price behavior around these key levels. Market participants tend to converge their orders around these price points because of their perceived psychological importance, creating a liquidity pocket. As a result, these areas often act as barriers that the price either struggles to cross or uses as springboards for further movement.
External Influences : Financial media frequently highlights round-number milestones, amplifying market sentiment and drawing traders' attention to these levels. Additionally, algorithmic trading systems often react to round-number thresholds, which can further reinforce price movements, creating self-reinforcing reactions at these levels. As media and analysts emphasize these milestones, more traders pay attention to them, leading to increased volume and often heightened volatility at those points. This self-reinforcing cycle makes round numbers an area where price movement can either accelerate due to a breakout or stall because of clustering interest.
Option Strike Prices : Options contracts typically have strike prices set at round numbers, and as expiration approaches, these levels can influence the price of the underlying asset due to concentrated trading activity. The behavior around these levels, often called "pinning," happens because traders adjust their positions to avoid unfavorable scenarios at these key strikes. This activity tends to concentrate price movement toward these levels as traders hedge their positions, leading to increased liquidity and the potential for abrupt price reactions near option expiration dates.
Whole Number Theory : This theory suggests that whole numbers act as natural psychological barriers, where traders tend to make decisions, place orders, or expect price reactions, making these levels crucial for analysis. Whole numbers are simple to remember and are often used as informal targets for profit-taking or stop placement. This behavior leads to a natural ebb and flow around these levels, where the market finds equilibrium temporarily before deciding on a future direction. Whole numbers tend to work like magnets, drawing price to them and often creating reactions that are visible across different timeframes.
Quarters Theory : Commonly used in Forex markets, this theory focuses on quarter-point increments (e.g., 1.0000, 1.2500, 1.5000) as key levels where price often pauses or reverses. These quarter levels are treated as important psychological barriers, with price frequently interacting at these intervals. Traders use these points to gauge market strength or weakness because quarter levels divide larger round-number ranges into more manageable and meaningful segments. For example, in highly traded forex pairs like EUR/USD, traders might treat 1.2500 as a significant barrier because it represents a halfway point between 1.0000 and 1.5000, offering a balanced reference point for decision-making.
Big Round Numbers : Major round numbers, such as 100, 500, or 1000, often attract significant attention and serve as psychological thresholds. Traders anticipate strong reactions when prices approach or cross these levels. This is often because large round numbers symbolize major milestones, and price behavior around them tends to signal important market sentiment shifts. When price crosses a major level, such as a stock moving above $100 or Bitcoin crossing $50,000, it often creates a surge in trading activity as it is viewed as a validation or invalidation of market trends, drawing in momentum traders and triggering both retail and institutional responses.
By visualizing these round levels on the chart, the Rounded Grid Levels indicator helps traders identify areas where price may pause, reverse, or gain momentum. While round numbers provide useful insights, they should be used in conjunction with other technical analysis tools for a comprehensive trading strategy.
🛠️ CONFIGURATION AND SETTINGS 🛠️
The Rounded Grid Levels indicator offers a variety of configurable settings to tailor the visualization according to individual trader preferences. Below are the key settings available for customization:
Custom Settings
Rounding Step : The Rounding Step parameter sets the minimum interval between gridlines. This value determines how closely spaced the rounded levels are on the chart. For example, if the Rounding Step is set to 100, gridlines will be displayed at every 100 points (e.g., $100, $200, $300) relative to the current price level. The Rounding Step is scaled to the chart's visible area, meaning users should adjust it appropriately for different assets to ensure effective visualization. Lower values provide a more granular view, while larger values give a broader, higher-level perspective.
Major Grids : Defines the interval at which major gridlines will appear compared to minor ones. For example, if the Rounding Step is 100 and Major Grids is set to 10, major gridlines will be displayed every $1,000, while minor gridlines will be at every $100. This distinction allows traders to better visualize key psychological levels by emphasizing significant price intervals.
Direction : Users can select the gridline direction, choosing between options such as 'Up', 'Down', 'Auto', or 'Neutral'. This setting controls how the gridlines extend relative to the current price level, which can help in analyzing directional trends.
Neutral Direction : This option provides balanced gridlines both above and below the current price, allowing traders to visualize support and resistance levels symmetrically. This is useful for analyzing sideways or ranging markets without directional bias.
Up Direction : The gridlines are tilted upwards, starting from visible lows and extending toward the rounded level at the current price. By choosing Up , traders emphasize an upward sentiment, visualizing price action that aligns with rising trends. This option helps illustrate potential areas where pullbacks may occur, as well as how price might expand upwards in the current market context.
Down Direction : The gridlines are tilted downwards, starting from visible highs and extending toward the rounded level at the current price. Selecting Down allows traders to emphasize a downward sentiment, visualizing how price may expand downwards, which is particularly useful when analyzing downtrends or potential correction levels. The gridlines provide an illustrative view of how price interacts with lower levels during market declines.
Auto Direction : The gridlines automatically adjust their direction based on recent market trends. This adaptive option allows traders to visualize gridlines that dynamically change according to price action, making it suitable for evolving market conditions where the direction is uncertain. It’s useful for traders looking for an indicator that moves in sync with market shifts and doesn’t require manual adjustment.
Grid Type : Allows users to choose between 'Linear' or 'Fan' grid types. The Linear type creates evenly spaced gridlines that can be either horizontal or tilted, depending on the chosen direction setting, providing a straightforward view of price levels. The Fan type radiates lines from a central point, offering a more dynamic perspective for analyzing price expansions relative to the current price. These grid types introduce experimental visualizations influenced by chart properties, including visible highs, lows, and the current price. Regardless of the configuration, the gridlines will always end at the current bar, which represents a rounded price level, ensuring consistency in how key price areas are displayed.
Extend : This setting allows gridlines to be projected into the future, helping traders see potential levels beyond the current bar. When enabled, the behavior of the extended lines varies based on the selected grid type and direction. For Neutral and Horizontal Linear settings, the extended gridlines maintain their round-number alignment indefinitely. However, for Up , Down , or Auto directions, the angle of the extended gridlines can change dynamically based on the chart’s visible high and low or the latest price action. As a result, extended lines may not continue to align with round-number levels beyond the current bar, reflecting instead the current trend and sentiment of the market. Regardless of direction, extended gridlines remain consistently spaced and either parallel or evenly distributed, ensuring a structured visual representation.
Color Settings : Users can customize the colors for resistance, support, and minor gridlines at the current price. This helps in visually distinguishing between different grid types and their significance on the chart.
Color Options
These configuration options make the Rounded Grid Levels indicator a versatile tool for traders looking to customize their charts based on their personal trading strategies and analytical preferences.
🖼️ CHART EXAMPLES 🖼️
The following chart examples illustrate different configurations available in the Rounded Grid Levels indicator. These examples show how variations in grid type, direction, and rounding step settings impact the visualization of price levels. Traders may find that smaller rounding steps are more effective on lower time frames, where precision is key, whereas larger rounding steps help to reduce clutter and highlight key levels on higher time frames. Each image includes a caption to explain the specific configuration used, helping users better understand how to apply these settings in different market conditions.
Smaller Rounding Step (100) : With a smaller rounding step, the gridlines are spaced closely together. This setting is particularly useful for lower time frames where price action is more granular and finer details are needed. It allows traders to track price interactions at narrower levels, but on higher time frames, it may lead to clutter and exceed Pine Script's 500-line limit.
Larger Rounding Step (1000) : With a larger rounding step, the gridlines are spaced farther apart. This visualization is better suited for higher time frames or broader market overviews, allowing users to focus on major psychological levels without overloading the chart. On lower time frames, this may result in fewer actionable levels, but it helps in maintaining clarity and staying within Pine Script's line limit.
Linear Grid Type, Neutral Direction (Traditional Rounded Price Levels) : The Linear gridlines are displayed in a neutral fashion, representing traditional round-number levels with consistent spacing above and below the current price. This layout helps visualize key psychological price levels over time in a straightforward manner.
Linear Grid Type, Down Direction : The Linear gridlines are tilted downwards, remaining parallel and ending at the rounded level at the current price. This setup emphasizes downward market sentiment, allowing traders to visualize price expansion towards lower levels, which is useful when analyzing downtrends or potential correction levels.
Linear Grid Type, Down Direction : The Linear gridlines are tilted downwards, extending from the current price to lower levels. Useful for observing downtrending price movements and visualizing pullback areas during uptrends.
Linear Grid Type, Auto Direction : The Linear gridlines adjust dynamically, tilting either upwards or downwards to align with recent price trends, remaining parallel and ending at the rounded level at the current price. This configuration reflects the current market sentiment and offers traders a flexible way to observe price dynamics as they develop in real time.
Fan Grid Type, Neutral Direction : The fan-shaped gridlines radiate symmetrically from a central point, ending at the rounded level at the current price. This configuration provides an unbiased view of price action, giving traders a balanced visualization of rounded levels without directional influence.
Fan Grid Type, Up Direction : The fan-shaped gridlines originate from lower visible price points and radiate upwards, ending at the rounded level at the current price. This layout helps visualize potential price expansion to higher levels, offering insights into upward momentum while maintaining a dynamic and evolving perspective on market conditions.
Fan Grid Type, Down Direction : The fan-shaped gridlines originate from higher visible price points and radiate downwards, ending at the rounded level at the current price. This setup is particularly useful for observing potential price expansion towards lower levels, illustrating areas where the price might extend during a downtrend.
Fan Grid Type, Auto Direction : The fan-shaped gridlines dynamically adjust, originating from visible chart points based on the current market trend, and radiate outward, ending at the rounded level at the current price. This adaptive visualization offers a continuously evolving representation that aligns with changing market sentiment, helping traders assess price expansion dynamically.
📊 SUMMARY 📊
The Rounded Grid Levels indicator helps traders highlight important round-number price levels on their charts, providing a dynamic way to visualize these psychological areas. With customizable gridline options—including traditional, tilted, and fan-shaped styles—users can adapt the indicator to suit their analysis needs. The gridlines adjust with chart zoom or scale, offering a flexible tool for observing price action, without providing specific trading signals or predictions.
⚙️ COMPATIBILITY AND LIMITATIONS ⚙️
Asset Compatibility :
The Rounded Grid Levels indicator is compatible with all asset classes, including cryptocurrencies, forex, stocks, and commodities. Users should adjust both the Rounding Step and the Major Grid settings to ensure the correct scale is used for the specific asset. This adjustment ensures that the most relevant round price levels are displayed effectively regardless of the instrument being analyzed. For instance, when analyzing BTCUSD, a higher Rounding Step may be needed compared to forex pairs like EURUSD, and the Major Grid value should also be adjusted to appropriately emphasize significant levels.
Line Limitations in Pine Script :
The Rounded Grid Levels indicator is subject to Pine Script's 500-line limit. This means that it cannot draw more than 500 gridlines on the chart at any given time. The number of gridlines depends directly on the chosen Rounding Step . If the steps are too small, the gridlines will be spaced too closely, causing the indicator to quickly reach the line limit. For example, if Ethereum is trading around $2,500, a Rounding Step of 100 might be appropriate, but a step of 1.00 would create too many gridlines, exceeding Pine Script's limit. Users should consider appropriate settings to avoid running into this constraint.
Runtime Error Considerations
When using the Rounded Grid Levels indicator, users might encounter a runtime error in specific scenarios. This typically happens if the Rounding Step is set too small, causing the indicator to exceed Pine Script's line limit or take too long to process. This can often occur when switching between charts that have significantly different price ranges. Since the Rounding Step requires flexibility to work with a wide variety of assets—ranging from decimals to thousands—it is not practically limited within the script itself. If a runtime error occurs, the recommended solution is to increase the Rounding Step to a larger value that better matches the current asset's price range.
Runtime Error: If the Rounding Step is too small for the current asset or chart, the indicator may generate a runtime error. Users should increase the Rounding Step to ensure proper visualization.
⚠️ DISCLAIMER ⚠️
The Rounded Grid Levels indicator is not designed as a predictive tool. While it extends gridlines into the future, this extension is purely for visual continuity and does not imply any forecast of future price movements. The primary function of this indicator is to help users visualize significant round number price levels.
The gridlines adjust dynamically based on the visible chart range, ensuring that the most relevant round price levels are displayed. This behavior allows the indicator to adapt to your current view of the market, but it should not be used to predict price movements. The indicator is intended as a visual aid and should be used alongside other tools in a comprehensive market analysis approach.
While gridlines may align with significant price levels in hindsight, they should not be interpreted as indicators of future price movements. Traders are encouraged to adjust settings based on their strategy and market conditions.
🧠 BEYOND THE CODE 🧠
The Rounded Grid Levels indicator, like other xxattaxx indicators , is designed with education and community collaboration in mind. Its open-source nature encourages exploration, experimentation, and the development of new grid calculation indicators, drawings, and strategies. We hope this indicator serves as a framework and a starting point for future innovations in grid trading.
Your comments, suggestions, and discussions are invaluable in shaping the future of this project. We actively encourage your feedback and contributions, which will directly help us refine and improve the Rounded Grid Levels indicator. We look forward to seeing the creative ways in which you use and enhance this tool.
Multi-Average Trend Indicator (MATI)[FibonacciFlux]Multi-Average Trend Indicator (MATI)
Overview
The Multi-Average Trend Indicator (MATI) is a versatile technical analysis tool designed for traders who aim to enhance their market insights and streamline their decision-making processes across various timeframes. By integrating multiple advanced moving averages, this indicator serves as a robust framework for identifying market trends, making it suitable for different trading styles—from scalping to swing trading.
MATI 4-hourly support/resistance
MATI 1-hourly support/resistance
MATI 15 minutes support/resistance
MATI 1 minutes support/resistance
Key Features
1. Diverse Moving Averages
- COVWMA (Coefficient of Variation Weighted Moving Average) :
- Provides insights into price volatility, helping traders identify the strength of trends in fast-moving markets, particularly useful for 1-minute scalping .
- DEMA (Double Exponential Moving Average) :
- Minimizes lag and quickly responds to price changes, making it ideal for capturing short-term price movements during volatile trading sessions .
- EMA (Exponential Moving Average) :
- Focuses on recent price action to indicate the prevailing trend, vital for day traders looking to enter positions based on current momentum.
- KAMA (Kaufman's Adaptive Moving Average) :
- Adapts to market volatility, smoothing out price action and reducing false signals, which is crucial for 4-hour day trading strategies.
- SMA (Simple Moving Average) :
- Provides a foundational view of the market trend, useful for swing traders looking at overall price direction over longer periods.
- VIDYA (Variable Index Dynamic Average) :
- Adjusts based on market conditions, offering a dynamic perspective that can help traders capture emerging trends.
2. Combined Moving Average
- The MATI's combined moving average synthesizes all individual moving averages into a single line, providing a clear and concise summary of market direction. This feature is especially useful for identifying trend continuations or reversals across various timeframes .
3. Dynamic Color Coding
- Each moving average is visually represented with color coding:
- Green indicates bullish conditions, while Red suggests bearish trends.
- This visual feedback allows traders to quickly assess market sentiment, facilitating faster decision-making.
4. Signal Generation and Alerts
- The indicator generates buy signals when the combined moving average crosses above its previous value, indicating a potential upward trend—ideal for quick entries in scalping.
- Conversely, sell signals are triggered when the combined moving average crosses below its previous value, useful for exiting positions or entering short trades.
Insights and Applications
1. Scalping on 1-Minute Charts
- The MATI excels in fast-paced environments, allowing scalpers to identify quick entry and exit points based on short-term trends. With dynamic signals and alerts, traders can react swiftly to price movements, maximizing profit potential in brief price fluctuations.
2. Day Trading on 4-Hour Charts
- For day traders, the MATI provides essential insights into intraday trends. By analyzing the combined moving average and its relation to individual moving averages, traders can make informed decisions on when to enter or exit positions, capitalizing on daily price swings.
3. Swing Trading on Daily Charts
- The MATI also serves as a valuable tool for swing traders. By evaluating longer-term trends through the combined moving average, traders can identify potential swing points and adjust their strategies accordingly. The flexibility of adjusting the lengths of the moving averages allows for tailored approaches based on market volatility.
Benefits
1. Clarity and Insight
- The combination of diverse moving averages offers a clear visual representation of market trends, aiding traders in making informed decisions across multiple timeframes.
2. Flexibility and Customization
- With adjustable parameters, traders can adapt the MATI to their specific strategies, making it suitable for various market conditions and trading styles.
3. Real-Time Alerts and Efficiency
- Built-in alerts minimize response times, allowing traders to capitalize on opportunities as they arise, regardless of their trading style.
Conclusion
The Multi-Average Trend Indicator (MATI) is an essential tool for traders seeking to enhance their technical analysis capabilities. By seamlessly integrating multiple moving averages with dynamic color coding and real-time alerts, this indicator provides a comprehensive approach to understanding market trends. Its versatility makes it an invaluable asset for scalpers, day traders, and swing traders alike.
Important Note
As with any trading tool, thorough analysis and risk management are crucial when using this indicator. Past performance does not guarantee future results, and traders should always be prepared for market fluctuations.
$TUBR: 7-25-99 Moving Average7, 25, and 99 Period Moving Averages
This indicator plots three moving averages: the 7-period, 25-period, and 99-period Simple Moving Averages (SMA). These moving averages are widely used to smooth out price action and help traders identify trends over different time frames. Let's break down the significance of these specific moving averages from both supply and demand perspectives and a price action perspective.
1. Supply and Demand Perspective:
- 7-period Moving Average (Short-Term) :
The 7-period moving average represents the short-term sentiment in the market. It captures the rapid fluctuations in price and is heavily influenced by recent supply and demand changes. Traders often look to the 7-period SMA for immediate price momentum, with price moving above or below this line signaling short-term strength or weakness.
- Bullish Supply/Demand : When price is above the 7-period SMA, it suggests that buyers are currently in control and demand is higher than supply. Conversely, price falling below this line indicates that supply is overpowering demand, leading to a short-term downtrend.
Is current price > average price in past 7 candles (depending on timeframe)? This will tell you how aggressive buyers are in short term.
- Key Supply/Demand Zones : The 7-period SMA often acts as dynamic support or resistance in a trending market, where traders might use it to enter or exit positions based on how price interacts with this level.
- 25-period Moving Average (Medium-Term) :
The 25-period SMA smooths out more of the noise compared to the 7-period, providing a more stable indication of intermediate trends. This moving average is often used to gauge the market's supply and demand balance over a broader timeframe than the short-term 7-period SMA.
- Supply/Demand Balance : The 25-period SMA reflects the medium-term equilibrium between supply and demand. A crossover between the price and the 25-period SMA may indicate a shift in this balance. When price sustains above the 25-period SMA, it shows that demand is strong enough to maintain an upward trend. Conversely, if the price stays below it, supply is likely exceeding demand.
Is current price > average price in past 25 candles (depending on timeframe)? This will tell you how aggressive buyers are in mid term.
- Momentum Shift : Crossovers between the 7-period and 25-period SMAs can indicate momentum shifts between short-term and medium-term demand. For example, if the 7-period crosses above the 25-period, it often signifies growing short-term demand relative to the medium-term trend, signaling potential buy opportunities. What this crossover means is that if 7MA > 25MA that means in past 7 candles average price is more than past 25 candles.
- 99-period Moving Average (Long-Term):
The 99-period SMA represents the long-term trend and reflects the market's supply and demand over an extended period. This moving average filters out short-term fluctuations and highlights the market's overall trajectory.
- Long-Term Supply/Demand Dynamics : The 99-period SMA is slower to react to changes in supply and demand, providing a more stable view of the market's overall trend. Price staying above this line shows sustained demand dominance, while price consistently staying below reflects ongoing supply pressure.
Is current price > average price in past 99 candles (depending on timeframe)? This will tell you how aggressive buyers are in long term.
- Market Trend Confirmation : When both the 7-period and 25-period SMAs are above the 99-period SMA, it signals a strong bullish trend with demand outweighing supply across all timeframes. If all three SMAs are below the 99-period SMA, it points to a bear market where supply is overpowering demand in both the short and long term.
2. Price Action Perspective :
- 7-period Moving Average (Short-Term Trends):
The 7-period moving average closely tracks price action, making it highly responsive to quick shifts in price. Traders often use it to confirm short-term reversals or continuations in price action. In an uptrend, price typically stays above the 7-period SMA, whereas in a downtrend, price stays below it.
- Short-Term Price Reversals : Crossovers between the price and the 7-period SMA often indicate short-term reversals. When price breaks above the 7-period SMA after staying below it, it suggests a potential bullish reversal. Conversely, a price breakdown below the 7-period SMA could signal a bearish reversal.
- 25-period Moving Average (Medium-Term Trends) :
The 25-period SMA helps identify the medium-term price action trend. It balances short-term volatility and longer-term stability, providing insight into the more persistent trend. Price pullbacks to the 25-period SMA during an uptrend can act as a buying opportunity for trend traders, while pullbacks during a downtrend may offer shorting opportunities.
- Pullback and Continuation: In trending markets, price often retraces to the 25-period SMA before continuing in the direction of the trend. For instance, if the price is in a bullish trend, traders may look for support at the 25-period SMA for potential continuation trades.
- 99-period Moving Average (Long-Term Trend and Market Sentiment ):
The 99-period SMA is the most critical for identifying the overall market trend. Price consistently trading above the 99-period SMA indicates long-term bullish momentum, while price staying below the 99-period SMA suggests bearish sentiment.
- Trend Confirmation : Price action above the 99-period SMA confirms long-term upward momentum, while price action below it confirms a downtrend. The space between the shorter moving averages (7 and 25) and the 99-period SMA gives a sense of the strength or weakness of the trend. Larger gaps between the 7 and 99 SMAs suggest strong bullish momentum, while close proximity indicates consolidation or potential reversals.
- Price Action in Trending Markets : Traders often use the 99-period SMA as a dynamic support/resistance level. In strong trends, price tends to stay on one side of the 99-period SMA for extended periods, with breaks above or below signaling major changes in market sentiment.
Why These Numbers Matter:
7-Period MA : The 7-period moving average is a popular choice among short-term traders who want to capture quick momentum changes. It helps visualize immediate market sentiment and is often used in conjunction with price action to time entries or exits.
- 25-Period MA: The 25-period MA is a key indicator for swing traders. It balances sensitivity and stability, providing a clearer picture of the intermediate trend. It helps traders stay in trades longer by filtering out short-term noise, while still being reactive enough to detect reversals.
- 99-Period MA : The 99-period moving average provides a broad view of the market's direction, filtering out much of the short- and medium-term noise. It is crucial for identifying long-term trends and assessing whether the market is bullish or bearish overall. It acts as a key reference point for longer-term trend followers, helping them stay with the broader market sentiment.
Conclusion:
From a supply and demand perspective, the 7, 25, and 99-period moving averages help traders visualize shifts in the balance between buyers and sellers over different time horizons. The price action interaction with these moving averages provides valuable insight into short-term momentum, intermediate trends, and long-term market sentiment. Using these three MAs together gives a more comprehensive understanding of market conditions, helping traders align their strategies with prevailing trends across various timeframes.
------------- RULE BASED SYSTEM ---------------
Overview of the Rule-Based System:
This system will use the following moving averages:
7-period MA: Represents short-term price action.
25-period MA: Represents medium-term price action.
99-period MA: Represents long-term price action.
1. Trend Identification Rules:
Bullish Trend:
The 7-period MA is above the 25-period MA, and the 25-period MA is above the 99-period MA.
This structure shows that short, medium, and long-term trends are aligned in an upward direction, indicating strong bullish momentum.
Bearish Trend:
The 7-period MA is below the 25-period MA, and the 25-period MA is below the 99-period MA.
This suggests that the market is in a downtrend, with bearish momentum dominating across timeframes.
Neutral/Consolidation:
The 7-period MA and 25-period MA are flat or crossing frequently with the 99-period MA, and they are close to each other.
This indicates a sideways or consolidating market where there’s no strong trend direction.
2. Entry Rules:
Bullish Entry (Buy Signals):
Primary Buy Signal:
The price crosses above the 7-period MA, AND the 7-period MA is above the 25-period MA, AND the 25-period MA is above the 99-period MA.
This indicates the start of a new upward trend, with alignment across the short, medium, and long-term trends.
Pullback Buy Signal (for trend continuation):
The price pulls back to the 25-period MA, and the 7-period MA remains above the 25-period MA.
This indica
tes that the pullback is a temporary correction in an uptrend, and buyers may re-enter the market as price approaches the 25-period MA.
You can further confirm the signal by waiting for price action (e.g., bullish candlestick patterns) at the 25-period MA level.
Breakout Buy Signal:
The price crosses above the 99-period MA, and the 7-period and 25-period MAs are also both above the 99-period MA.
This confirms a strong bullish breakout after consolidation or a long-term downtrend.
Bearish Entry (Sell Signals):
Primary Sell Signal:
The price crosses below the 7-period MA, AND the 7-period MA is below the 25-period MA, AND the 25-period MA is below the 99-period MA.
This indicates the start of a new downtrend with alignment across the short, medium, and long-term trends.
Pullback Sell Signal (for trend continuation):
The price pulls back to the 25-period MA, and the 7-period MA remains below the 25-period MA.
This indicates that the pullback is a temporary retracement in a downtrend, providing an opportunity to sell as price meets resistance at the 25-period MA.
Breakdown Sell Signal:
The price breaks below the 99-period MA, and the 7-period and 25-period MAs are also below the 99-period MA.
This confirms a strong bearish breakdown after consolidation or a long-term uptrend reversal.
3. Exit Rules:
Bullish Exit (for long positions):
Short-Term Exit:
The price closes below the 7-period MA, and the 7-period MA starts crossing below the 25-period MA.
This indicates weakening momentum in the uptrend, suggesting an exit from the long position.
Stop-Loss Trigger:
The price falls below the 99-period MA, signaling the breakdown of the long-term trend.
This can act as a final exit signal to minimize losses if the long-term uptrend is invalidated.
Bearish Exit (for short positions):
Short-Term Exit:
The price closes above the 7-period MA, and the 7-period MA starts crossing above the 25-period MA.
This indicates a potential weakening of the downtrend and signals an exit from the short position.
Stop-Loss Trigger:
The price breaks above the 99-period MA, invalidating the bearish trend.
This signals that the market may be reversing to the upside, and exiting short positions would be prudent.
Supply and demandHi all!
This is my take on supply/demand. The gist is that it creates a zone if there is a big enough reaction. This is configurable in settings as "Minimum range (ATR factor)" (the Average True Length of length 14) that is the distance that the price must travel and "Reaction bars" that is the maximum number of bars that price must travel this distance. The zones that are shown are the ones that have a retest, break and retest or is unmitigated (untouched). If a zone is mitigated (entered) or broken it is temporarily hidden. For a zone to be created it needs to have this reaction and the previous bar does not.
So this script will show you zones that are fresh (unmitigated), retested or broken and retested. This means that the zones that are shown have "proven" that they are good zones through this. Basically it means that the script creates a bunch of zones and then picks the good once. This makes the script have some latency, but will hopefully give you good zones. A zone is completely removed if it's broken twice (it's okay if it's broken once and can still have a retest after it has flipped from previous supply (or resistance) into demand (or support)).
Here is a zone (the one that has the lowest opacity) that is broken and retested that could have resulted in a good long trade (the settings are default but has a stop in the beginning of 2024):
You have a setting to remove zones that are pierced (broken by price wicks). The following zone is pierced by price (in the beginning of May) that will not be shown after the start of May if you have "Pierced" checked (the indicator has default settings but a stop in the middle of April):
You have a trend section. Zones that create a reaction upwards can only be created if the trend is considered to be up, and vice versa. The options here are "SMA50" (the current price needs to be over the Simple Moving Average of length 50) and "SMA50, SMA200" (price needs to be over the Simple Moving Average of length 50 and the Simple Moving Average of length 50 needs to be over the Simple Moving Average of length 200). If these conditions are met the trend is considered to be up, otherwise it's down. You can disable this by choosing "No detection".
The zones that are shown also need to be within a limit (of the current price). This limit is 10 (factor of the Average True Range if length 14) by default. Set this to 0 to deactivate. This is useful for not showing zones that are far away from current price and therefore unlikely to be interacted with.
You can stop the calculation of zones (through the "Stop" value in the settings). This is useful to see if previous zones were any good. I used it in my testing of the script but left it because it can be nice to have.
The zones created by the script have different transparency based upon the zone's interaction. The clearest zones are the ones that are unmitigated, the second clearest ones are the ones having a retest and lastly the zones which are most unclear are the ones having a break and then a retest.
You can see the concept of this script to be a mix of supply/demand and support/resistance, having zones being unmitigated (untouched) as the most important but also show the zones having an interaction (in the form of a retest or a break and retest).
This is from a previous supply (or resistance) zone that has flipped into demand (or support) and has shown to be a good zone through a retest followed by a rally (default settings):
This zone has multiple retest and then rallies that could have given a good long trades (it has the default settings but a "Stop" time at 2022-01-14):
TODO:
- Create zones based on pivots
- Handle overlapping zones
- Incorporate volume in the creation and/or interaction with zones
- Add alerts
- Add ability to set maximum zone width
- Add ability to set the maximum number of retest bars
- ...?
The example for this publication has the default settings bit a "Stop" and a tighter "Limit" of 4.
I hope this explanation makes sense, let me know otherwise. Also let me know if you have any suggestions on improvements.
Best of trading luck!
thinkCNE - Key with Multiple ColoursCustomisable Key with Multi-Coloured Highlights for Chart Annotations
Overview:
This Customizable Key indicator is designed to provide traders with a clear and visually customizable legend that can be displayed on their chart. It allows users to annotate their charts with up to 10 distinct labels, each paired with a unique color-coded square. This feature is especially useful when you need to visually differentiate between various technical elements on your chart, such as support/resistance levels, Fair Value Gaps (FVGs), or important pivot points.
Key Features:
Customizable Labels and Colors: Each row in the table can be customized with unique text and background colors. This flexibility allows traders to create a personalized key that reflects the specific elements they are tracking, such as monthly FVGs, daily supports, volume-based zones, or any other custom annotations.
Flexible Number of Rows: The user can enable or disable rows as needed, which ensures that the table only shows relevant information. If fewer than 10 rows are required, the unused rows can be hidden from view, maintaining a clean and uncluttered chart.
Dynamic Table Placement: The key can be placed at different positions on the chart (top-right, middle-right, or bottom-right), giving users control over where the key appears to avoid covering important parts of their technical analysis.
Adjustable Size and Text Format: Users can customize the size of the color squares, the text, and even the overall appearance of the table. The text size can range from small to huge, making the labels easy to read based on personal preferences.
Use Cases:
Annotating Key Technical Zones: The indicator is perfect for annotating multiple technical zones or levels that require consistent attention. For example, traders can label areas like "Monthly FVG," "Daily Support," "Key Resistance," or even "Volume Spike," and color-code them accordingly for quick reference.
Drawing Clarity: A well-organized chart is essential for clear decision-making. This indicator enhances clarity by visually categorizing different chart features, making it easier to quickly interpret the chart without confusion. The customizable color squares ensure that users can quickly identify which technical element corresponds to which label on the chart.
Visual Aid for Strategy Execution: For traders using strategies involving multiple indicators, support and resistance lines, or patterns, this key helps keep track of all the elements, especially when several overlapping annotations might clutter the chart. It allows users to draw specific attention to key areas of interest and explain the rationale for each one.
Educational & Presentational Tool: If you're conducting trading education sessions or presentations, this indicator can serve as a powerful tool to explain concepts in real-time. You can present your chart with clearly marked zones or levels, where each color and label explains the reasoning behind your analysis. It’s a professional tool for walkthroughs or strategy breakdowns.
Benefits:
Enhanced Visual Organization: The color-coded squares and corresponding labels make it easier to maintain organization within a busy chart. Traders can distinguish between multiple chart elements at a glance, which enhances their focus on critical zones or setups.
Improved Decision-Making: By clearly labeling and color-coding areas of importance, traders can reduce the time it takes to assess the chart and make decisions, as the key provides a concise reference.
Customizable to Individual Needs: Traders can adapt the indicator to their specific trading style and chart elements, whether they're swing traders marking longer-term zones or day traders focusing on short-term levels.
Clarity on Complex Charts: For traders using charts with several indicators and drawings, the ability to clearly define what each color and label represents ensures that the chart remains understandable, even with multiple overlays.
Fibonacci & Bollinger Bands StrategyThis strategy combines Bollinger Bands and Fibonacci retracement/extension levels to identify potential entry and exit points in the market. Here’s a breakdown of each component and how the strategy works:
1. Bollinger Bands:
Bollinger Bands consist of a simple moving average (SMA) and two standard deviations (upper and lower bands) plotted above and below the SMA. The bands expand and contract based on market volatility.
Purpose in Strategy:
The lower band represents an area where the market might be oversold.
The upper band represents an area where the market might be overbought.
The price crossing these bands suggests overextended market conditions, which can be used to identify potential reversals.
2. Fibonacci Retracement and Extension Levels:
Fibonacci retracement levels are horizontal lines that indicate where price might find support or resistance as it retraces some of its previous movement. Common retracement levels are 61.8% and 78.6%.
Fibonacci extension levels are used to project areas where the price might extend after completing a retracement. These levels can help determine potential targets after a significant price movement.
Purpose in Strategy:
The strategy calculates the most recent swing high (fibHigh) and swing low (fibLow) over a lookback period. It then plots Fibonacci retracement and extension levels based on this range.
The Fibonacci levels are used as key support and resistance areas. The price approaching or touching these levels signals potential turning points in the market.
3. Entry Criteria:
A long position (buy) is triggered when:
The price crosses below the lower Bollinger Band, indicating an oversold condition.
The price is near or above a Fibonacci extension level (calculated based on the most recent price swing).
This suggests that the price is potentially reaching a strong support area, where a reversal is likely.
4. Exit Criteria:
The long position is closed (exit trade) when either:
The price touches or crosses the upper Bollinger Band, signaling an overbought condition.
The price reaches a Fibonacci retracement level or exceeds the recent swing high (fibHigh), indicating a potential exhaustion point or a reversal area.
5. General Strategy Logic:
The strategy takes advantage of market volatility (captured by the Bollinger Bands) and key support/resistance levels (determined by Fibonacci retracement and extension levels).
By combining these two techniques, the strategy identifies potential entry points at oversold levels with the expectation that the market will retrace or reverse upward, especially when near key Fibonacci extension levels.
Exit points are identified by potential overbought levels (Bollinger upper band) or key Fibonacci retracement levels, where the price might reverse downward.
6. Conditions to Execute the Strategy:
The Fibonacci levels are only calculated once the price has made a significant movement, establishing a recent high and low over a 50-bar period (which you can adjust). This ensures the Fibonacci levels are based on meaningful swings.
The entry and exit signals are filtered using both Bollinger Bands and Fibonacci levels to ensure that trades are not taken solely based on one indicator, thus reducing false signals.
Key Features of the Strategy:
Trend-following with reversal: It tries to catch reversals when the price hits extreme levels (Bollinger Bands) while respecting important Fibonacci levels.
Dynamic market adaptation: The strategy adapts to market conditions as it recalculates Fibonacci levels based on recent price swings and adjusts the Bollinger Bands for market volatility.
Confirmation through multiple indicators: It uses both the volatility-based signals from Bollinger Bands and the price structure from Fibonacci levels to confirm trade entries and exits.
Summary of the Strategy:
The strategy looks to buy low and sell high based on oversold/overbought signals from Bollinger Bands and Fibonacci levels that indicate key support and resistance zones.
By combining these two technical indicators, the strategy aims to reduce risk and increase accuracy by only entering trades when both indicators suggest favorable conditions.
Custom 4 Moving Averages with Styles & ThresholdsThis Pine Script indicator is designed to provide traders with a unique method of analyzing price action through four customizable moving averages, alongside buy and sell threshold detection. The script is fully original and adds value by allowing traders to configure and visualize multiple MAs with different smoothing options, and by detecting critical buy/sell moments based on the interaction between price and the moving averages.
What the Script Does:
Custom Moving Averages: The script plots four distinct moving averages (MA1, MA2, MA3, and MA4) on the chart. Each MA can be configured for length, offset, and optional smoothing to match different trading strategies. This flexibility allows traders to tailor the script for various timeframes, trend detection, and market conditions.
Buy (BT) and Sell (ST) Threshold Detection: The indicator identifies critical points for buying and selling:
Buy Threshold (BT): The script identifies potential buy points when the current candle's low is above the MA2 from the previous candle, suggesting potential upward momentum.
Sell Threshold (ST): It detects potential sell points when the current MA2 falls below the previous candle’s low, indicating possible downward momentum. These thresholds are clearly marked on the chart with green arrows for BT (Buy) and red arrows for ST (Sell).
Horizontal Threshold Lines: Horizontal lines are drawn when BT or ST conditions are met. These lines help traders visualize support and resistance levels, providing clarity in decision-making. The length of these lines is customizable, allowing users to control how long they remain visible on the chart.
Dynamic Cleanup of Old Lines: To keep the chart clean and reduce clutter, the script automatically removes old BT and ST lines after a set period, ensuring that traders can focus on the most relevant data.
Underlying Concepts:
Moving Averages: Moving averages are a fundamental tool in technical analysis for identifying trends. This script uses various moving averages (calculated from high, low, close, and HL2) and allows for smoothing to adjust the sensitivity to price movements. Traders can apply this flexibility to multiple trading styles, from scalping to swing trading.
Threshold Conditions: The buy and sell conditions in this script are based on simple but effective price action patterns, where the interaction between price and MA2 determines entry or exit points. This approach is useful in trend-following strategies, where traders aim to capitalize on momentum shifts.
How to Use the Script:
Configure Moving Averages: Start by adjusting the lengths, offsets, and smoothing options for each moving average. For short-term trading, shorter MA lengths might be more suitable, while longer MAs can help identify broader trends.
Observe Buy and Sell Signals: Look for green arrows (BT) as potential buy signals and red arrows (ST) as potential sell signals. These signals appear when certain conditions between price and MA2 are met, giving traders clear visual cues for entries and exits.
Support/Resistance Levels: Pay attention to the horizontal lines drawn when BT or ST conditions occur. These lines can act as support or resistance levels, helping you identify potential price targets or stop-loss points.
Why This Script is Useful:
This indicator combines the power of multiple moving averages with customizable features, making it versatile for different market conditions. By adding clear buy and sell signals based on a logical threshold system, the script helps traders make informed decisions with minimal guesswork. Unlike many basic indicators, this one provides flexibility and original insight into market dynamics, making it a valuable tool for both beginner and experienced traders.
Expanding Volume Range with Anchored VWAPExpanding Volume Range with Anchored VWAP Indicator Summary
This Pine Script indicator is designed for intraday trading, particularly for timeframes of 60 minutes or less. It combines several technical analysis concepts to provide traders with a comprehensive view of price action, volume, and potential support/resistance levels.
## Key Features
1. **Anchored VWAP (Volume Weighted Average Price)**
- Calculates and displays an Anchored VWAP line
- Resets at the start of each new day or when a new highest volume bar is detected
2. **Expanding Volume Range (EVR)**
- Identifies and highlights high volume bars
- Creates a box around the price range of the last three high volume bars
- Generates additional support/resistance lines based on this range
3. **Custom Multiplier Calculations**
- Allows users to customize the calculation of support/resistance levels
- Includes options for separate top and bottom multipliers
- Provides an exponential adjustment for fine-tuning
4. **Volume-Based Candle Coloring**
- Colors candles differently based on their volume relative to recent history
- Highlights the first candle of each session in a distinct color
5. **VWAP-Based Line and Fill Colors**
- Changes colors of lines and fills based on price position relative to VWAP
6. **Alert Generation**
- Creates alerts when price breaks above or below the EVR high and low levels
## User Inputs
The indicator offers several customizable inputs grouped into categories:
1. **Volume Colors**
- Customize colors for various elements (lines, fills, candles) based on volume and VWAP relationship
2. **Target Levels**
- Set multipliers for calculating target levels
3. **Multiplier Calculations**
- Enable/disable custom multiplier calculations
- Set base multipliers and exponents for top and bottom levels
## Functionality Breakdown
1. The indicator tracks the highest volume bars for the current and previous day.
2. It creates an Expanding Volume Range (EVR) based on the last three high volume bars.
3. Using the EVR, it calculates and draws support and resistance levels.
4. The levels can be calculated using either simple multipliers or a more complex exponential formula, depending on user preference.
5. Candles are colored based on their volume and whether they're the first candle of a session.
6. An Anchored VWAP is calculated and displayed, resetting at the start of each day or on new highest volume bars.
7. Alerts are generated when price moves beyond the EVR high or low levels.
## Use Cases
This indicator can be particularly useful for:
- Identifying potential support and resistance levels based on high volume price action
- Spotting changes in volume patterns throughout the trading session
- Recognizing price action relative to the Anchored VWAP
- Setting up potential entry and exit points based on the expanding volume range
Traders should use this indicator in conjunction with other forms of analysis and risk management strategies for best results.
Bubbles Volume [BigBeluga]The Bubbles Volume indicator is an innovative visualization tool designed to represent trading volume in a more intuitive and visually appealing manner. By displaying volume as bubbles of varying sizes and colors on the price chart, this indicator helps traders quickly identify significant volume levels and potential areas of interest.
Important Note:
For correct visual representation of indicator, layout it to front:
🔵 KEY FEATURES
● Volume Bubbles
Represents trading volume as bubbles on the price chart
Bubble size increases with higher volume levels
Color intensity changes based on volume significance
Provides an intuitive visual representation of volume distribution
● Heatmap Coloring
Optional feature to color bubbles based on volume intensity
Uses a color gradient from cool (low volume) to hot (high volume) colors
Helps quickly identify extremely high volume areas
● Significant Volume Levels
Option to display horizontal lines at significant volume levels
Shows volume amount as labels for highly significant levels
Helps identify potential support/resistance areas based on volume
Volume Levels:
Levels with HeatMap:
Levels without Volume Bubles:
● Normalized Volume Calculation
Uses normalized volume to account for overall market volume trends
Provides a more accurate representation of volume significance
🔵 HOW TO USE
● Volume Analysis
Larger bubbles indicate higher trading volume
Clusters of large bubbles may suggest areas of high interest or potential reversals
Use in conjunction with price action to identify potential breakouts or fakeouts
● Trend Confirmation
Strong trends often show increasing bubble sizes in the trend direction
Diminishing bubble sizes might indicate weakening trends
● Support and Resistance
Significant volume levels (displayed as lines) can act as potential support/resistance
Pay attention to price reactions at these levels for trading opportunities
● Divergences
Look for divergences between price action and bubble sizes
Price making new highs/lows with smaller bubbles might indicate weakening momentum
● Volatility Assessment
Periods with consistently large bubbles indicate high volatility
Can be used to adjust trading strategies or position sizing
🔵 CUSTOMIZATION
The Bubbles Volume indicator offers several customization options:
Toggle bubble display on/off
Adjust volume threshold for filtering low volume bubbles
Enable/disable heatmap coloring for enhanced visual analysis
Show/hide significant volume levels
Adjust the number of significant levels displayed
Customize colors to suit personal preferences
By fine-tuning these settings, traders can adapt the indicator to various market conditions and personal analysis preferences.
The Bubbles Volume indicator provides a unique and intuitive way to visualize trading volume directly on the price chart. This approach allows traders to quickly identify areas of significant trading activity and potential price levels of interest without the need for a separate volume sub-chart.
This tool can be particularly useful for traders focusing on volume analysis, breakout strategies, or those looking to confirm price action with volume. The visual nature of the bubbles makes it easy to spot volume patterns and anomalies at a glance, potentially leading to faster and more informed trading decisions.
As with all technical indicators, it's recommended to use the Bubbles Volume indicator in conjunction with other forms of analysis and within the context of a well-defined trading strategy. While this indicator provides valuable volume insights, it should be considered alongside other factors such as overall market trends, price patterns, and fundamental analysis when making trading decisions.
Flat Market Range Pro [CHE]Flat Market Range Pro Indicator
Introduction
Hey there! 👋
Welcome to our overview of the Flat Market Range Pro indicator. Whether you're new to trading or a seasoned pro, this tool is designed to help you spot those flat market conditions where prices are chilling within a certain range. By highlighting these consolidation zones and potential breakout points, it offers some pretty neat insights to boost your trading strategies. Let’s dive in and explore how this indicator can make your trading journey smoother and more informed!
How It Works
The Flat Market Range Pro indicator is all about understanding the ebb and flow of the market. Here's a simple breakdown:
Range Detection:
Range Period (range_period): This sets the number of bars (think of them as time slices) the indicator looks back to find the highest highs and lowest lows. It’s like setting the scope for your search.
Minimum Candles in Range (min_candles_in_range): Ensures that there are enough candles (price bars) within the range to make the detection meaningful. No point in highlighting a range if it’s too short, right?
Adaptive Moving Average (AMA):
Think of AMA as the indicator’s way of staying flexible. It smooths out the price data to better spot trends within those flat ranges. Don’t worry, it’s working behind the scenes and won’t clutter your chart.
Breakout Detection:
When the price decides to break free from its cozy range, the indicator flags it. It waits for confirmation to make sure it’s not just a fleeting move, adding a layer of reliability to your signals.
Visualization:
Flat Market Zones: These are shaded areas that highlight where the price has been consolidating.
Support and Resistance Lines: Automatically drawn lines that mark key price levels, helping you see where the price might bounce or break through.
Trade Signals: Arrows popping up to show potential buy or sell opportunities when breakouts occur.
Breaking It Down
1. Detecting the Range
The indicator scans through the past range_period bars to find the highest and lowest prices. This creates a dynamic range that adjusts as new data comes in. It’s like having a smart assistant keeping an eye on where the action is happening.
2. The Role of AMA
Even though you won’t see AMA on your chart, it plays a crucial role. It helps the indicator adapt to changing market conditions by smoothing out the data, making sure the breakout signals are spot-on and not just random noise.
3. Spotting Breakouts
A breakout happens when the price moves beyond the established range. The indicator marks these moments with clear arrows, so you know when it might be a good time to jump in or out of a trade. Plus, it waits for confirmation to ensure these signals are solid.
4. Visualizing Flat Markets
Shaded boxes highlight the areas where the price has been consolidating, making it easy to see when the market is flat. Support and resistance lines are drawn automatically, and you can even customize how they look to match your personal style.
Customize It Your Way
One of the best things about the Flat Market Range Pro indicator is how customizable it is. Here’s what you can tweak:
Range Settings:
Adjust the range_period to fit different timeframes.
Set the min_candles_in_range to ensure the ranges you see are meaningful.
Moving Average Settings:
Change the ma_length and ma_lookback to fine-tune how the AMA responds to price movements.
Visual Tweaks:
Pick your favorite colors and transparency levels for the shaded zones.
Choose whether to display support and resistance lines and extend them indefinitely if you like.
Toggle trade arrows and labels on or off based on what you find most helpful.
Organizing these settings into logical groups makes it super easy to customize the indicator just the way you like it.
Real-World Examples
1. Spotting Consolidation: Imagine you’re watching a stock that’s been moving sideways for a while. The indicator highlights this consolidation with shaded boxes and support/resistance lines, giving you a clear picture of where the price is hanging out.
2. Trading Breakouts: When the price finally decides to break free from the range, the indicator pops up buy or sell arrows. This helps you catch the move early, whether you’re looking to enter a new trade or exit an existing one.
3. Making Informed Decisions: With clear visual cues and reliable signals, you can make smarter trading decisions without getting overwhelmed by too much information.
Behind the Scenes: Technical Insights
For those curious about the nuts and bolts, here’s a peek into how the Flat Market Range Pro indicator is built:
Efficient Range Calculation:
Uses loops to scan through the specified range_period, ensuring accurate detection of high and low points.
Adaptive Logic with AMA:
Incorporates the Simple Moving Average (SMA) to create a threshold coefficient, making the indicator responsive to market changes.
Clear Visualization:
Utilizes box.new and label.new for intuitive visual representations of flat markets.
Employs plotshape and plot to display breakout signals clearly on your chart.
Optimized Performance:
Avoids plotting unnecessary elements like AMA, keeping your chart clean and focused on what matters.
Why You’ll Love It
The Flat Market Range Pro indicator brings a lot to the table:
Accurate Range Detection:
Pinpoints consolidation zones by analyzing historical highs and lows.
Flexible and Adaptive:
AMA ensures the indicator stays responsive to different market conditions.
User-Friendly Visuals:
Shaded zones, support/resistance lines, and clear trade signals make your chart easy to understand at a glance.
Highly Customizable:
Tailor the settings to match your trading style and preferences.
Reliable Signals:
Confirmation mechanisms help reduce false signals, giving you more confidence in your trades.
Wrapping It Up
The Flat Market Range Pro indicator is a fantastic tool for anyone looking to navigate flat or consolidating markets with ease. By combining precise range detection, adaptive logic, and clear visual cues, it helps you identify consolidation phases and seize breakout opportunities effectively. Its customizable features ensure that it fits seamlessly into your trading strategy, whether you’re just starting out or have years of experience under your belt.
For more details, a step-by-step guide on using the indicator, and access to the full Pine Script code, check out the accompanying documentation or reach out for support. Happy trading! 🌟
Questions and Further Information
Got questions or need a hand with the Flat Market Range Pro indicator? Feel free to reach out! Whether you’re curious about how it works or need tips on customizing it for your trading style, we’re here to help. Also, give the indicator a try on different charts to see how it performs in various market conditions. Let’s make your trading experience better together!
Best regards
Chervolino
This script was inspired by: Trend Regularity Adaptive Moving Average
and
Range Detection by HasanRifat
Day & Swing Trading EMA Clouds with Adaptive LevelsDay & Swing Trading EMA Clouds with Adaptive Levels is a tool designed for traders who need a flexible indicator that adapts to both short-term (day trading) and long-term (swing trading) strategies. The indicator blends EMA clouds and adaptive support/resistance levels, making it suitable for analyzing trend strength and key price zones.
How It Works:
EMA Clouds for Trend Detection:
This indicator uses three EMAs (Fast, Intermediate, Slow) to create two clouds:
Fast Cloud: The area between the fast and Intermediate EMAs.
Slow Cloud: The area between the Intermediate and slow EMAs.
The cloud colors change based on trend direction:
Positive (uptrend): When the fast EMA is above the Intermediate EMA (turquoise) or the Intermediate EMA is above the slow EMA (teal).
Negative (downtrend): When the fast EMA is below the Intermediate EMA (pink) or the Intermediate EMA is below the slow EMA (magenta).
Traders can use these clouds to visually gauge market momentum and trend reversals.
Adaptive EMA Settings Based on Trading Mode:
The EMA lengths adjust automatically depending on whether you're in Day Trading or Swing Trading mode:
Day Trading Mode uses shorter periods to capture quick price movements:
Fast EMA: 5-period
Mid EMA: 13-period
Slow EMA: 21-period
Swing Trading Mode uses longer periods to capture broader trends:
Fast EMA: 12-period
Mid EMA: 26-period
Slow EMA: 50-period
This dynamic adjustment allows you to switch between trading styles seamlessly, with the EMAs reflecting the most relevant timeframes for each strategy.
Adaptive Support and Resistance Levels:
Depending on the selected trading mode, the indicator dynamically plots key levels:
Day Trading Mode: Previous day’s high, low, and midpoint, as well as 2-day levels.
Swing Trading Mode: Previous month’s high, low, and midpoint, as well as 2-month levels.
These levels act as dynamic support and resistance zones, giving traders critical areas to monitor for potential reversals or breakouts.
Buy & Sell Signals:
Visual buy/sell signals are generated when the fast EMA crosses above or below the slow EMA. These signals can help traders identify potential trend reversals.
Customization:
You can fully adjust the transparency and colors of the clouds to fit your personal preferences and trading style.
Why This Combination?
Combining EMA clouds with adaptive levels provides traders with a complete picture. The clouds highlight the underlying market momentum and trend strength, while the adaptive levels offer potential entry/exit points based on historical price action. This unique mashup allows traders to follow trends and plan trades around key support and resistance zones.
Price Iterations with Pips*Script Name:* Price Iterations with Pips
*Description:* This script plots horizontal lines above and below a user-defined initial price, representing price iterations based on a specified number of pips.
*Functionality:*
1. Asks for user input:
- Initial Price
- Pips per Iteration
- Number of Iterations
2. Calculates the price change per pip.
3. Plots horizontal lines:
- Above the initial price (green)
- Below the initial price (red)
4. Extends lines dynamically to both sides.
*Use Cases:*
1. *Support and Resistance Levels:* Use the script to visualize potential support and resistance levels based on price iterations.
2. *Price Targets:* Set the initial price as a target and use the iterations to estimate potential profit/loss levels.
3. *Risk Management:* Utilize the script to visualize risk levels based on pip iterations.
4. *Technical Analysis:* Combine the script with other technical indicators to identify potential trading opportunities.
*Trading Platforms:* This script is designed for TradingView.
*How to Use:*
1. Add the script to your TradingView chart.
2. Set the initial price, pips per iteration, and number of iterations.
3. Adjust the colors and line styles as needed.
4. Zoom in/out and pan to see the lines adjust.
*Benefits:*
1. Visualize price iterations and potential support/resistance levels.
2. Simplify risk management and price target estimation.
3. Enhance technical analysis with customizable price levels.
Birdies [LuxAlgo]The Birdies indicator uses a unique technique to provide support/resistance curves based on a circle connecting the last swing high/low.
A specific, customizable part of this circle acts as a curve of interest, which can trigger visual breakout signals.
🔶 USAGE
The script projects a bird-like pattern when a valid Swing point is found. Multiple customization options are included.
🔹 Trend & Support/Resistance Tool
The color fill patterns and the wing boundaries can give insights into the current trend direction as well as serve as potential support/resistance areas.
In the example above, "Birdies" coincide with pullback and support/resistance zones.
🔹 Swing Length & Buffer
Besides the "Swing Length", with higher values returning longer-term Swing Levels, the script's behavior can be fine-tuned with filters ("Settings" - "Validation").
🔹 Validation
To minimize clutter, three filters are included:
Minimum X-Distance: The minimum amount of bars between subsequent Swings
Minimum Y-Distance: The minimum amount of bars between subsequent Swings
Buffer (Multiple of ATR)
The "Minimum X/Y-Distance" creates a zone where a new Swing is considered invalid. Only when the Swing is out of the zone, can it be considered valid.
In other words, in the example above, a Swing High can only be valid when enough bars/time have passed, and the difference between the last Swing and the previous is more than the ATR multiplied by the "Minimum Y-Distance" factor.
The "Buffer" creates a line above/below the "Birdy", derived from the measured ATR at the conception of the "Birdy" multiplied with a factor ("Buffer").
When the closing price crosses the "Birdy", it must also surpass this buffer line to produce a valid signal, lowering the risk of clutter as a result.
🔶 DETAILS
Birdies are derived from a circle that connects two Swing points. The left-wing curve originates from the most recent "Swing point" to the last value on the circle before crossing its midline. The mirror image of the left wing creates the right wing.
Enabling "Origine" will draw a line from the last Swing to the first.
🔹 Style
The publication includes a style setting with four options.
The first, "Birdy," shows a bird-like shape derived from a circle connecting the last Swing High and Swing Low.
The second option holds everything from the first option but connects both wingtips, providing potential horizontal levels of interest.
When setting "Birdy" to "None", the visual breakout signals will not defer from previous settings, but the focus is shifted towards the fill color, which can help detect potential trend shift.
A fourth setting, "Left Wing", will only show the left part of the "Birdy" pattern, removing the right part from the equation. This will change the visual breakout signals, providing alternative signals.
🔶 SETTINGS
Swing Length: The period used for swing detection, with higher values returning longer-term Swing Levels.
🔹 Validation
Minimum X-Distance: The minimum amount of bars between subsequent Swings
Minimum Y-Distance: The minimum amount of bars between subsequent Swings
Buffer (Multiple of ATR)
🔹 Style
Bullish Patterns: Enable / color
Bearish Patterns: Enable / color
Buffer Zone: Show / Color
Color Fill: Show color fill between two Birdies (if available)
Origine: Show the line between both Swing Points
🔹 Calculation
Calculated Bars: Allows the usage of fewer bars for performance/speed improvement
Z-Score Triggered VWAP# Z-Score Triggered VWAP Indicator
This custom indicator combines Volume-Weighted Average Price (VWAP) with Z-Score analysis to create a dynamic, volume-sensitive trading tool. It's designed to identify significant volume events and adjust the VWAP calculation accordingly, providing traders with a more responsive and adaptive price average.
## Key Features:
1. **Z-Score Triggered VWAP**: The indicator calculates a new VWAP when the volume Z-Score crosses above a user-defined threshold, allowing it to adapt to significant volume events.
2. **Customizable Timeframes**: Users can set different timeframes for Z-Score calculation and VWAP plotting, enabling multi-timeframe analysis.
3. **Dynamic Bands**: The indicator plots two sets of bands around the VWAP, calculated using standard deviation multipliers, which can be customized by the user.
4. **Visual Cues**: New VWAP start points are marked with yellow circles, helping traders identify where calculations reset.
5. **Real-time Information**: The current Z-Score and VWAP start information are displayed on the chart, providing immediate context.
6. **Flexible Appearance**: Users can customize colors and choose whether to display bands, enhancing chart readability.
7. **Multiple Alert Conditions**: The indicator includes alert conditions for price crossovers of the VWAP and all band levels.
## How It Works:
1. The indicator calculates the volume Z-Score on a user-specified timeframe, comparing current volume to historical volume over a lookback period.
2. When the volume Z-Score exceeds the threshold, a new VWAP calculation is triggered, resetting the cumulative values used in the VWAP formula.
3. The VWAP is continuously calculated and plotted on the chart, along with upper and lower bands based on price deviation from the VWAP.
4. Traders can use the VWAP line and bands to identify potential support/resistance levels and overbought/oversold conditions.
5. The Z-Score trigger helps ensure that the VWAP remains relevant by adapting to significant changes in trading volume.
## Trading Applications:
- **Dynamic Support/Resistance**: Use the VWAP and bands as potential support and resistance levels that adapt to changing market conditions.
- **Trend Identification**: The slope of the VWAP can help identify the overall trend direction.
- **Mean Reversion**: Look for potential reversals when price reaches the outer bands.
- **Volume Analysis**: The Z-Score trigger points highlight periods of unusual volume, which may precede significant price moves.
- **Risk Management**: Use the bands as potential stop-loss or take-profit levels.
This indicator is suitable for traders who want a more dynamic alternative to traditional VWAP indicators, especially those trading in markets with variable volume patterns. It combines volume analysis with price action, providing a comprehensive view of market behaviour
