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D-Shape Breakout Signals [LuxAlgo]The D-Shape Breakout Signals indicator uses a unique and novel technique to provide support/resistance curves, a trailing stop loss line, and visual breakout signals from semi-circular shapes. 🔶 USAGE D-shape is a new concept where the distance between two Swing points is used to create a semi-circle/arc, where the width is expressed as a user-defined percentage of the radius. The resulting arc can be used as a potential support/resistance as well as a source of breakouts. Users can adjust this percentage (width of the D-shape) in the settings ( "D-Width" ), which will influence breakouts and the Stop-Loss line. 🔹 Breakouts of D-Shape The arc of this D-shape is used for detecting breakout signals between the price and the curve. Only one breakout per D-shape can occur. A breakout is highlighted with a colored dot, signifying its location, with a green dot being used when the top part of the arc is exceeded, and red when the bottom part of the arc is surpassed. When the price reaches the right side of the arc without breaking the arc top/bottom, a blue-colored dot is highlighted, signaling a "Neutral Breakout". 🔹 Trailing Stop-Loss Line The script includes a Trailing Stop-Loss line (TSL), which is only updated when a breakout of the D-Shape occurs. The TSL will return the midline of the D-Shape subject to a breakout. The TSL can be used as a stop-loss or entry-level but can also act as a potential support/resistance level or trend visualization. 🔶 DETAILS A D-shape will initially be colored green when a Swing Low is followed by a Swing High, and red when a Swing Low is followed by a Swing High. A breakout of the upper side of the D-shape will always update the color to green or to red when the breakout occurs in the lower part. A Neutral Breakout will result in a blue-colored D-shape. The transparency is lowered in the event of a breakout. In the event of a D-shape breakout, the shape will be removed when the total number of visible D-Shapes exceeds the user set "Minimum Patterns" setting. Any D-shape whose boundaries have not been exceeded (and therefore still active) will remain visible. 🔹 Trailing Stop-Loss Line Only when a breakout occurs will the midline of the D-shape closest to the closing price potentially become the new Trailing Stop value. The script will only consider middle lines below the closing price on an upward breakout or middle lines above the closing price when it concerns a downward breakout. In an uptrend, with an already available green TSL, the potential new Stop-Loss value must be higher than the previous TSL value; while in a downtrend, the new TSL value must be lower. The Stop-Loss line won't be updated when a "Neutral Breakout" occurs. 🔶 SETTINGS Swing Length: Period used for the swing detection, with higher values returning longer-term Swing Levels. 🔹 D-Patterns Minimum Patterns: Minimum amount of visible D-Shape patterns. D-Width: Width of the D-Shape as a percentage of the distance between both Swing Points. Included Swings: Include "Swing High" (followed by a Swing Low), "Swing Low" (followed by a Swing High), or "Both" Style Historical Patterns: Show the "Arc", "Midline" or "Both" of historical patterns. 🔹 Style Label Size/Colors Connecting Swing Level: Shows a line connecting the first Swing Point. Color Fill: colorfill of Trailing Stop-Loss
Indicatore Pine Script®
di LuxAlgo
15
Swing Points [CrossTrade]The "Swing Points" indicator is designed to help identify key swing points, trends, and potential support and resistance areas on a trading chart. This indicator overlays on the price chart and offers several features for enhanced market analysis. Swing Point Identification: The indicator identifies swing highs and lows (pivot points) over a user-defined period. These points are crucial in understanding market reversals and momentum. Swing Points Display: Users have the option to visually display these pivot points on the chart. Swing highs are marked with a red "H" above the bar, and swing lows with a green "L" below the bar, aiding in quick visual identification. Center Line Calculation and Display: A dynamic center line is calculated using the pivot points, providing a baseline that adapts to market movements. The center line's appearance changes based on its position relative to the current price, making it a useful trend indicator. Support and Resistance Levels: The indicator plots horizontal support and resistance lines based on the swing lows and highs, respectively. This feature helps traders identify potential areas of price consolidation or breakout. Customization Options: Users can customize the period for swing point calculation and choose whether to display the pivot points, center line, and support/resistance levels. Alert Features Swing High Break Alert: An alert is triggered when a new swing high is detected, signaling a potential upward momentum shift. Swing Low Break Alert: This alert activates when a new swing low is formed, possibly indicating a downward momentum shift. Center Line Trend Color Change Alert: Alerts users when the center line changes its trend color, which could signify a change in overall market trend direction.
Indicatore Pine Script®
di CrossTradeTeam
3
MACD Trail | Flux Charts💎 GENERAL OVERVIEW Introducing our new MACD Trail indicator! Moving average convergence/divergence (MACD) is a well-known indicator among traders. It's a trend-following indicator that uses the relationship between two exponential moving averages (EMAs). This indicator aims to use MACD to generate a trail that follows the current price of the ticker, which can act as a support / resistance zone. More info about the process in the "How Does It Work" section. Features of the new MACD Trail Indicator : A Trail Generated Using MACD Calculation Customizable Algorithm Customizable Styling 📌 HOW DOES IT WORK ? First of all, this indicator calculates the current MACD of the ticker using the user's input as settings. Let X = MACD Length setting ; MACD ~= X Period EMA - (X * 2) Period EMA Then, two MACD Trails are generated, one being bullish and other being bearish. Let ATR = 30 period ATR (Average True Range) Bullish MACD Trail = Current Price + MACD - (ATR * 1.75) Bearish MACD Trail = Current Price + MACD + (ATR * 1.75) The indicator starts by rendering only the Bullish MACD Trail. Then if it's invalidated (candlestick closes below the trail) it switches to Bearish MACD Trail. The MACD trail switches between bullish & bearish as they get invalidated. The trail type may give a hint about the current trend of the price action. The trail itself also can act as a support / resistance zone, here is an example : 🚩 UNIQUENESS While MACD is one of the most used indicators among traders, this indicator aims to add another functionality to it by rendering a trail based on it. This trail may act as a support / resistance zone as described above, and gives a glimpse about the current trend. The indicator also has custom MACD Length and smoothing options, as well as various style options. ⚙️ SETTINGS 1. General Configuration MACD Length -> This setting adjusts the EMA periods used in MACD calculation. Increasing this setting will make MACD more responseive to longer trends, while decreasing it may help with detection of shorter trends. Smoothing -> The smoothing of the MACD Trail. Increasing this setting will help smoothen out the MACD Trail line, but it can also make it less responsive to the latest changes.
Indicatore Pine Script®
di fluxchart
Lines of Chaos (ATR/ADR Levels)Lines of Chaos Indicator This script is designed to provide traders with ATR (Average True Range) and ADR (Average Daily Range) support and resistance levels. How it Works: Support and Resistance Lines: The script plots ATR/ADR-based support and resistance lines based on a moving average of the last ATR/ADR Length days, the previous day's close, and the current day's open. Changing the ATR/ADR Length value changes the number of days of data to average. EMA: The EMA is colored red when the ticker is potentially bearish. The EMA is colored green when the ticker is potentially bullish. Changing the EMA Length changes the number of data bars to average. Default Settings: The default settings are optimized for most trading environments. Key Features: ATR & ADR Calculation: You can use ATR, ADR, or both. ATR is recommended for most scenarios. Customizable Lengths: Adjust the ATR/ADR Length to refine the average calculation to your preference, with 14 being the standard value. EMA for Market Bias: The EMA helps determine the ticker bias. It is colored green when the market is above the average price and red when below. This allows you to more easily determine whether or not the ADR/ATR levels are valid. Versatile Usage: Suitable for various trading types, ensuring broad applicability across different market conditions. How to Use: Bounces off Levels: When the price bounces off a support/resistance level, the price will likely respect this level. This indicates that the price is unlikely to exceed the ticker's average volatility. Breakthroughs of Levels: When the price breaks through a support/resistance level, the price will likely continue beyond this level. This indicates that the price has moved beyond that ticker's average volatility.
Indicatore Pine Script®
di skyzlimit
Multi-Timeframe Linear Regression Channel (Pinescriptlabs)This script combines multiple timeframes for visualizing linear regression channels in a single chart, allowing us to obtain a holistic view of price behavior across different timeframes (5m, 15m, 30m, and 4h). It facilitates the identification of trends and support/resistance levels across various time horizons. This multi-timeframe approach is useful because it helps confirm signals and detect potential divergences. Components and Their Interaction Linear Regression: Calculates the regression line and standard deviations for different timeframes. These lines show the direction and strength of the trend. Deviation Bands: The upper and lower bands act as dynamic support and resistance levels, based on the standard deviation or maximum deviation. Colors and Labels: Different colors for each timeframe allow for quick and clear identification of the regression lines and their bands. The labels help identify the timeframe of each channel. Justification for the Mashup Combining linear regressions across different timeframes allows us to observe short, medium, and long-term trends in a single chart. This multi-timeframe approach provides a more comprehensive market perspective compared to using a single timeframe. Default Properties The default properties of the strategy are configured to provide a clear view of the regression channels across different timeframes. These properties include: Channel Length: Default of 50 periods, adjustable between 1 and 5000. Data Source: Closing price by default. Deviations: Optional use of upper and lower deviations with adjustable multipliers. Line Extension: Option to extend lines to the right for better visualization. Underlying Concepts Calculating linear regression involves determining the slope, mean, and intercept of a line that best fits the price data. Standard deviations are used to create bands around this line, providing a measure of volatility. Implementing this in different timeframes allows us to observe how the trend changes over time and helps identify more precise entry and exit points. This script is particularly useful for traders looking for an integrated tool that allows them to observe price behavior across multiple timeframes without needing to switch between different charts. 1.- For example, in the main image of the script, we observe that we are in a 1-hour timeframe, where the 4-hour linear regression channel indicates an uptrend with a length of 60 periods. Meanwhile, the 15-minute and 30-minute channels identify a convergence in the same trend. However, in the 5-minute linear regression, we have a completely lateral channel. These channels, shown from different timeframes in a single chart, give us a clear idea of exactly where the price is heading in each timeframe. Each channel serves as support or resistance for a lower or higher timeframe, depending on which timeframe we are looking at. Next, we will go to each timeframe to observe how the regression channels are displayed (5min): (15min): (30min): (4h): Español: Este script combina múltiples marcos de tiempo para la visualización de canales de regresión lineal en un solo gráfico, nos permitirá obtener una visión holística del comportamiento del precio en diferentes marcos temporales (5m, 15m, 30m y 4h) permite la identificación de tendencias y niveles de soporte/resistencia en diferentes horizontes de tiempo. Este enfoque multi-temporal es útil porque permite confirmar señales y detectar posibles divergencias. Componentes y su Interacción Regresión Lineal: Calcula la línea de regresión y las desviaciones estándar para diferentes marcos temporales. Estas líneas muestran la dirección y la fuerza de la tendencia. Bandas de Desviación: Las bandas superior e inferior actúan como niveles dinámicos de soporte y resistencia, basados en la desviación estándar o la desviación máxima. Colores y Etiquetas: Diferentes colores para cada marco temporal permiten una identificación rápida y clara de las líneas de regresión y sus bandas. Las etiquetas ayudan a identificar el marco temporal de cada canal. Justificación del Mashup La combinación de regresiones lineales en diferentes marcos temporales nos permite observar la tendencia a corto, medio y largo plazo en un solo gráfico. Este enfoque multi-temporal proporciona una perspectiva más completa del mercado en comparación con el uso de un solo marco temporal. Propiedades por Defecto Las propiedades por defecto de la estrategia están configuradas para proporcionar una visión clara de los canales de regresión en diferentes marcos temporales. Estas propiedades incluyen: Longitud del Canal: 50 períodos por defecto, ajustable entre 1 y 5000. Fuente de Datos: Precio de cierre por defecto. Desviaciones: Uso opcional de desviaciones superiores e inferiores con multiplicadores ajustables. Extensión de Líneas: Opción para extender las líneas hacia la derecha para una mejor visualización. Conceptos Subyacentes El cálculo de la regresión lineal implica determinar la pendiente, la media y la intersección de una línea que mejor se ajusta a los datos de precios. Las desviaciones estándar se utilizan para crear bandas alrededor de esta línea, proporcionando una medida de la volatilidad. La implementación en diferentes marcos temporales permite observar cómo cambia la tendencia a lo largo del tiempo y ayuda a identificar puntos de entrada y salida más precisos. Este script es particularmente útil para traders que buscan una herramienta integrada que les permita observar el comportamiento del precio en múltiples marcos temporales sin necesidad de cambiar entre diferentes gráficos. Por ejemplo en la imagen principal del script observamos que estamos en un timeframe de 1h, donde el canal de regresión lineal de 4h, nos indica en un length de 60 periodos una tendencia alcista, mientras que los canales de 15min y 30 min nos identifican una convergencia en la misma tendencia, sin embargo en la regresión lineal de 5 minutos tenemos un canal totalmente lateral, estos canales mostrados de diferentes marcos de tiempo en un solo grafico nos da una clara idea de exactamente de a donde esta dirigiendo el precio en cada marco de tiempo a la par que cada canal nos sirve como soporte o resistencia de un marco de tiempo ya sea inferior o mayor dependiendo en que time frame nos coloquemos, a continuación iremos a cada marco de tiempo para que observemos como se muestran los canales de regresión: (5min): (15min): (30min): (4h):
Indicatore Pine Script®
di PINE_LABS
2
Hourly Trading System (Zeiierman)█  Overview The Hourly Trading System (Zeiierman) is designed to enhance your trading by highlighting critical price levels and trends on an hourly basis. This indicator plots the open prices of hourly and 4-hour candles, visualizes retests, displays average price lines, and overlays higher timeframe candlesticks. It is particularly beneficial for intraday traders seeking to capitalize on short-term price movements and volume patterns. █  How It Works This indicator works by plotting significant price levels and zones based on hourly and 4-hour candle opens. It also includes functionalities for identifying retests of these levels, calculating and displaying average prices, and showing high and low labels for each hour. █ Timeframe The Hourly Trading System is designed to be used on the 1-minute or 5-minute timeframe. This system is tailored for intraday trading, allowing traders to find optimal entries around hourly opening levels and providing an easy method to identify the hourly trend. It works effectively on any market. █  How to Use Trend Analysis Quickly gauge where the current price stands relative to key hourly and 4-hour levels. The plotted lines and zones serve as potential support and resistance areas, helping traders identify crucial points for entry or exit. Utilize the 1-hour average and higher timeframe candles to understand the overall market trend. Aligning intraday strategies with larger trends can enhance trading decisions. Use the bar coloring to quickly gauge the 1-hour trend on a lower timeframe. The bar colors indicate whether the hourly trend is bullish (green) or bearish (red), helping traders make quicker decisions in alignment with the overall trend. Retest Identification Enable retest signals to see where the price retested the hourly open levels. These retest points often signal strong price reactions, offering opportunities for trades based on support/resistance flips. One effective strategy to incorporate is looking for price flips when a new hour starts. This approach involves monitoring price action at the beginning of each hour. If the price breaks and retests the hourly open level with strong momentum, it could indicate a potential trend reversal or continuation. This strategy is effective in volatile markets where price movements are significant at the start of each new hour​. Liquidity Sweep Strategy Another common and effective strategy is the liquidity sweep. This involves identifying key levels where liquidity is likely to accumulate, such as previous hour highs and lows, and observing how the price interacts with these price levels. When the price sweeps through these levels, triggering stop-loss orders or pending orders, it often results in a sharp price movement followed by a reversal. Traders can capitalize on these movements by entering trades in the direction of the reversal once the liquidity sweep has occurred​. Equal Highs and Lows Strategy The Equal Highs and Lows strategy leverages the concept of identifying levels where the price forms multiple highs or lows at the same level over different hourly periods. These equal highs and lows often indicate strong support or resistance levels where liquidity is accumulated. When the price approaches these levels, it is likely to trigger stop-loss orders and lead to significant price movements. Traders can look for breakouts or reversals around these levels to enter trades with higher probability setups​. █  Settings Zone Width: Specifies the width of the zone around the 1-Hour Open as a percentage. Adjust this to widen or narrow the zone. Show Retests: Enables or disables the display of retest markers. Retest markers show where the price has retested the 1-Hour Open line. Number of Retests: Sets the number of retests to display. Adjust this to see more or fewer retest markers. Volume Filter: Enables or disables the volume filter for retests. Use this to highlight retests with significant volume. Volume Filter Length: Sets the length of the volume filter, smoothing the volume data to reduce noise. 1-Hour Average Line: Enables or disables the 1-hour average price line. This line shows the average price over the past hour. Hourly High & Low Labels: Enables or disables the display of hourly high and low labels, marking the highest and lowest prices within each hour. Candlesticks: Enables or disables the display of candlesticks on the chart, providing a detailed view of price action. Bar Color: Enables or disables bar coloring based on price direction, with up bars in green and down bars in red. Timeframe: Sets the timeframe for higher timeframe candles. Adjust this to match the period you want to analyze. Number of Candles: Sets the number of higher timeframe candles to display. Increase this to see more candles on the chart. Location: Sets the location for higher timeframe candles, allowing you to position them left or right on the chart. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Indicatore Pine Script®
di Zeiierman
68
Ripster MTF CloudsDescription: MTF EMA Cloud By Ripster EMA Cloud System is a Trading System Invented by Ripster where areas are shaded between two desired EMAs. The concept implies the EMA cloud area serves as support or resistance for Intraday & Swing Trading. This can be utilized effectively on 10 Min for day trading and 1Hr/Daily for Swings. Ripster himself utilizes various combinations of the 5-12, 34-50, 8-9, 20-21 EMA clouds but the possibilities are endless to find what works best for you. “Ideally, 5-12 or 5-13 EMA cloud acts as a fluid trendline for day trades. 8-9 EMA Clouds can be used as pullback Levels –(optional). Additionally, a high level price over or under 34-50 EMA clouds confirms either bullish or bearish bias on the price action for any timeframe” – Ripster This indicator is an extension of the Ripster EMA Clouds. It allows you to visualize Exponential Moving Average (EMA) clouds from any time frame on your current chart, regardless of the chart's own time frame. This functionality is especially useful for traders who want to monitor higher time frame trends and support/resistance levels while trading on lower time frames. What does this code do? The Ripster MTF Clouds indicator displays two sets of EMA clouds. Each set consists of a short EMA and a long EMA. By default, the indicator uses Daily 20/21 and 50/55 EMAs, but you can customize these settings to fit your trading strategy. The EMAs are plotted on your chart along with their corresponding clouds, colored for easy differentiation: EMA 1 (default 50/55): Plotted in blue. EMA 2 (default 20/21): Plotted in teal. The indicator uses the security function to fetch EMA values from higher time frames and plots them on your current chart, allowing you to see how these higher time frame EMAs interact with your current time frame's price action. How to use this indicator: Adjust Resolution: Set the "Resolution" input to the time frame from which you want to fetch EMA values. For example, set it to "1H" if you want to see 1-hour EMAs on your current chart. Customize EMAs: Modify the "EMA 1 Short Length" and "EMA 1 Long Length" inputs to change the default 50/55 EMAs. Adjust the "EMA 2 Short Length" and "EMA 2 Long Length" inputs to change the default 20/21 EMAs. Monitor Clouds: The indicator fills the area between the short and long EMAs, creating a cloud that helps visualize the trend. A blue cloud indicates the area between the EMA 1 pair, while a teal cloud indicates the area between the EMA 2 pair. Use Multiple Instances: You can add multiple instances of this indicator to your chart to monitor multiple higher time frames simultaneously. For instance, one instance can show daily clouds while another shows hourly clouds. Integration with Trading Strategy: Use this indicator to identify higher time frame trends and support/resistance levels, which can help improve your trading decisions on lower time frames. For example, you can go long when the stock is above the 50-55 EMA clouds and 20-21 EMA clouds with daily resolution on a 10-minute chart and short when it is below it. Similarly, you can short a stock under the 1-hour 34/50 EMA clouds while still trading on a 10-minute chart.
Indicatore Pine Script®
di ripster47
4
Golden Area### Golden Area Indicator Description The "Golden Area" indicator is a technical analysis tool designed to assist traders by identifying potential buy and sell signals based on moving averages and support/resistance levels within a specific time frame. This indicator can be applied directly to price charts. #### How It Works 1. **Inputs:** - **MA50 Length:** The period length for the 50-period Simple Moving Average (SMA). - **MA200 Length:** The period length for the 200-period Simple Moving Average (SMA). 2. **Calculations:** - **MA50 (50-period SMA):** Calculated by averaging the closing prices over the past 50 periods. - **MA200 (200-period SMA):** Calculated by averaging the closing prices over the past 200 periods. - **Support Level:** The lowest price over the last 50 periods. - **Resistance Level:** The highest price over the last 50 periods. 3. **Time Filter:** - **Start Time:** The indicator becomes active at 12:30 IST (07:00 UTC). - **End Time:** The indicator deactivates at 10:30 IST the next day (05:00 UTC). - A background color change (yellow) highlights the active time range on the chart. 4. **Signals:** - **Buy Signal:** Triggered when the current time matches the start time and the closing price is below the support level. - **Sell Signal:** Triggered when the current time matches the start time and the closing price is above the resistance level. 5. **Plots:** - **MA50:** Plotted as a blue line on the chart. - **MA200:** Plotted as a red line on the chart. - **Buy Signals:** Indicated by a green 'B' below the bars. - **Sell Signals:** Indicated by a red 'S' above the bars. This indicator provides visual cues for potential trading opportunities within the specified time frame, aiding traders in making informed decisions.
Indicatore Pine Script®
di rohitjobeis
Moving Average Bands with Signals [UAlgo]The "Moving Average Bands with Signals combines various moving average types with ATR-based bands to help traders identify potential support and resistance levels. It plots moving average bands with upper and lower support/resistance levels based on the Average True Range (ATR) and user-defined settings.Additionally, the script generates buy/sell signals based on price crossing above or below the bands. 🔶 Key Features Multiple Moving Average Types: Supports various moving average calculations including Arnaud Legoux Moving Average (ALMA), Exponential Moving Average (EMA), Double Exponential Moving Average (DEMA), Triple Exponential Moving Average (TEMA), Kaufman Adaptive Moving Average (KAMA), Hull Moving Average (HMA), Least Squares Moving Average (LSMA), Simple Moving Average (SMA), Triangular Moving Average (TMA), Volume-Weighted Moving Average (VWMA), Weighted Moving Average (WMA), and Zero-Lag Moving Average (ZLMA). Customizable ATR Bands: Integrates the Average True Range (ATR) to calculate dynamic support and resistance bands around the moving average. The multiplier for the bands is user-adjustable, allowing for finer control over the sensitivity and width of the bands. Signal Generation: Provides visual signals on the chart when the price interacts with the support or resistance bands. Users can choose between using the wick or the close price to generate these signals, adding an extra layer of customization based on their trading style. Flexible Input Parameters: Allows users to input parameters for moving average length, ATR length, band multiplier, and signal type. Additional settings are available for specific moving average types, such as ALMA's offset and sigma, KAMA's fast and slow periods, and LSMA's offset. 🔶 Disclaimer This script is provided for educational purposes only and should not be considered financial advice. Trading financial instruments involves substantial risk and can result in significant financial losses. The script’s performance in the past is not indicative of future results, and no guarantees are made regarding its accuracy, reliability, or performance.
Indicatore Pine Script®
di UAlgo
1
Liquidity Sweeps [LuxAlgo]The Liquidity Sweeps indicator detects the presence of liquidity sweeps on the user's chart, while also providing potential areas of support/resistance or entry when Liquidity levels are taken. In the event of a Liquidity Sweep a Sweep Area is created which may provide further areas of interest. 🔶 USAGE A Liquidity Sweep occurs when the price breaks through a liquidity level (further referred to as LqL ), after which the price returns below/above the liquidity level , forming a wick. The script provides 2 options when this can happen: A wick passes a LqL after which the price quickly returns. First the closing price breaks through a LqL . After a while, the price retests the LqL and forms a wick in the opposite direction. The examples above show a bullish and bearish scenario of "a wick passing through an LqL where the price quickly comes back". This type of Liquidity Sweep is represented by a dotted line. The following example shows a broken LqL , where the price retests the Liquidity zone and bounces back. Instead of a dotted line, this type of Liquidity Sweep is represented by a dashed line. When a Liquidity Sweep takes place, this is indicated by highlighting the "wick- LqL " distance. This distance is also the basis for the Sweep Area (see next sub-section). A small 3-bar long dotted line starts from the opposite wick as an extra aid to determine potential support/resistance/entry, ... Colors can be set in the settings (here yellow and aqua blue instead of default colors for clarity). 🔹 Sweep Areas The distance between the LqL and the maximum limit of the wick forms a Sweep Area , which can provide a potential support/resistance or entry zone. These examples show both types of Liquidity Sweeps , followed by a box indicating the Sweep Area . When the Sweep Area is mitigated or a certain amount of bars has passed (Settings - 'Max bars'), the boxes will no longer be updated. In this case, the 'Trigger' label shows the bar where the high crossed a LqL , after which a red box starts between LqL and high. The low of the 'Trigger' bar is the starting point of a short dotted line. Next to the 'Trigger bar' the high touches the Sweep Area before returning, providing a potential short entry. One bar further, another entry opportunity presents itself when the price breaks the small dotted line. In the following bullish example, not only do we see opportunities when the LqL has been swept, but the following Sweep Area provides some potential entries. The small green dotted lines also act as a guide where the price breaks above, then forms a small range, after which the price continues in an upward direction. Here, the initial trigger on the left forms a Sweep Area that is quickly broken. However, the small green line provides a potential entry area later on. The price moves in a short channel before breaking above the LqL (green dashed line), providing more potential entries. Price retests this LqL , and goes below this level. The price remained around the previously formed channel, after which the price resumed its upward trend. 🔶 SETTINGS 🔹 Liquidity Sweeps Swings: Period used for the swing detection, with higher values returning longer term Liquidity Levels . Options: - Only Wicks: Only detects a Liquidity Sweep when a wick sweeps a previous wick - Only Outbreaks & Retest: Only detects a Liquidity Sweep when the price breaks a Liquidity Level , returns & retests the Liquidity Level , and forms a wick in the opposite direction. - Wicks + Outbreaks & Retest: Both options can be detected. 🔹 Sweep Area Extend: Enables/Disables extension of the Sweep Area boxes. Max Bars: Limit the extension to a certain number of bars. Color Sweep Area box.
Indicatore Pine Script®
di LuxAlgo
25
Exceptional Volume Spike - Potential Trend Reversal IndicatorWhat the Script Does: The indicator aims to identify potential trend reversal points using the following steps: Input Parameters: The script has three main input parameters that you can adjust: relative_volume_threshold: This parameter sets the threshold for what is considered an exceptional volume spike in relation to the average volume. ema_length: The length of the exponential moving average (EMA) used for smoothing calculations. lookback_period: The period over which the script calculates potential support and resistance levels. Relative Volume Calculation: The script calculates the relative volume by dividing the current volume by the average volume over the specified lookback_period. Exceptional Volume Spikes: The script identifies exceptional volume spikes when the calculated relative volume exceeds the specified relative_volume_threshold. EMA of Exceptional Volume Spikes: The script calculates the exponential moving average (EMA) of volume spikes. This EMA smooths out the volume spikes over the chosen ema_length. Trend Direction: The script determines the trend direction using the crossovers of the EMA of exceptional volume spikes. If the EMA crosses above the EMA of regular volume (not spikes), it suggests a potential upward trend reversal. Conversely, if the EMA crosses below, it suggests a potential downward trend reversal. Support and Resistance Levels: The script calculates potential support and resistance levels based on the highest high (hh) and lowest low (ll) over the specified lookback_period. These levels are then plotted on the chart. Plot Shapes and EMA: The script plots triangle shapes below the bars for potential upward reversals and above the bars for potential downward reversals. Additionally, it plots the EMA of the closing price with different colors based on the trend direction. By using this script as an indicator on your chart, you can visually assess potential trend reversal points based on exceptional volume spikes, trend direction crossovers, and support/resistance levels. Remember that this script serves as a tool to assist your analysis, and it's important to combine it with other technical analysis tools and strategies before making trading decisions.
Indicatore Pine Script®
di Tradager
1
Average Range LinesThis Average Range Lines indicator identifies high and low price levels based on a chosen time period (day, week, month, etc.) and then uses a simple moving average over the length of the lookback period chosen to project support and resistance levels, otherwise referred to as average range. The calculation of these levels are slightly different than Average True Range and I have found this to be more accurate for intraday price bounces. Lines are plotted and labeled on the chart based on the following methodology: +3.0: 3x the average high over the chosen timeframe and lookback period. +2.5: 2.5x the average high over the chosen timeframe and lookback period. +2.0: 2x the average high over the chosen timeframe and lookback period. +1.5: 1.5x the average high over the chosen timeframe and lookback period. +1.0: The average high over the chosen timeframe and lookback period. +0.5: One-half the average high over the chosen timeframe and lookback period. Open: Opening price for the chosen time period. -0.5: One-half the average low over the chosen timeframe and lookback period. -1.0: The average low over the chosen timeframe and lookback period. -1.5: 1.5x the average low over the chosen timeframe and lookback period. -2.0: 2x the average low over the chosen timeframe and lookback period. -2.5: 2.5x the average low over the chosen timeframe and lookback period. -3.0: 3x the average low over the chosen timeframe and lookback period. Look for price to find support or resistance at these levels for either entries or to take profit. When price crosses the +/- 2.0 or beyond, the likelihood of a reversal is very high, especially if set to weekly and monthly levels. This indicator can be used/viewed on any timeframe. For intraday trading and viewing on a 15 minute or less timeframe, I recommend using the 4 hour, 1 day, and/or 1 week levels. For swing trading and viewing on a 30 minute or higher timeframe, I recommend using the 1 week, 1 month, or longer timeframes. I don’t believe this would be useful on a 1 hour or less timeframe, but let me know if the comments if you find otherwise. Based on my testing, recommended lookback periods by timeframe include: Timeframe: 4 hour; Lookback period: 60 (recommend viewing on a 5 minute or less timeframe) Timeframe: 1 day; Lookback period: 10 (also check out 25 if your chart doesn’t show good support/resistance at 10 days lookback – I have found 25 to be useful on charts like SPX) Timeframe: 1 week; Lookback period: 14 Timeframe: 1 month; Lookback period: 10 The line style and colors are all editable. You can apply a global coloring scheme in the event you want to add this indicator to your chart multiple times with different time frames like I do for the weekly and monthly. I appreciate your comments/feedback on this indicator to improve. Also let me know if you find this useful, and what settings/ticker you find it works best with! Also check out my profile for more indicators!
Indicatore Pine Script®
di BigGuavaTrading
1
Murrey Math Horizontal/Diagonal + Subharmonics 0 - 12 [All-Time]The Murrey Math lines are created by dividing the range between the high and low of the monthly timeframe prices into equal parts based on the division factor from 2 to 12. No matter which timeframe you will use, because the calculations based on the most high and low price values. Better to use > monthly timeframe for faster calculations. These lines serve as potential support and resistance levels. The midlines are dashed lines representing the midpoint between two consecutive Murrey Math lines. The diagonal lines can be enabled to show two different types or both types. These lines connect the highs or lows of the price bars in a diagonal manner. The subharmonic lines represent smaller divisions within each Murrey Math range. They can be customized to show only strong subharmonics or all subharmonics. Subharmonics are calculated based on the division factor and can provide additional support and resistance levels within the Murrey Math framework. This script helps visualize the Murrey Math levels and their associated lines on a trading chart, aiding traders in identifying potential price levels for decision-making. The most strong levels which I tested were: 2, 4, 6, 8, 12. I was inspired by Gann's work and i tried to implement this indicator. It's the most accurate version of Murrey Math calculations, you can set the value of 8 which Gann was used but I did up to 12 because of my experiments and I would recommend you to use the value of 12. This indicator can be used for all types of markets. Also note, that the strong levels described above is tested on division by 12 setting. Anyway, you can use the divison of 8 and use the standart strong s/r levels. (for more information search for Gann 2.0 support resistance on the internet). Also note: this information is not a financial advice, just my opinion to the indicator I implemented. Please use this indicator wisely and focus to save your money, not earn. I wish you profitable trades, stick to your risk/money management and the key entry points!
Indicatore Pine Script®
di crypteisfuture
4
Pivots Support Resistance ZoneThis simple script base on function of Pivot High Low to plot Support and Resistance Zone on chart with detail as below: 1. Support Zone + New Pivot Low is plotted + New Pivot Low lower previous Pivot Low + Upper Line of Support Zone is previous Pivot Low + Lower Line of Support Zone is new Pivot Low 2. Resistance Zone + New Pivot High is plotted + New Pivot High higher previous Pivot High + Upper Line of Resistance Zone is new Pivot High + Lower Line of Resistance Zone is previous Pivot High
Indicatore Pine Script®
di inno14
1
9:22 5 MIN 15 MIN BANKNIFTY9:22 5 MIN 15 MIN BANKNIFTY Strategy with Additional Filters The 9:22 5 MIN 15 MIN BANKNIFTY Strategy with Additional Filters is a trend-following strategy designed for trading the BANKNIFTY instrument on a 5-minute chart. It aims to capture potential price movements by generating buy and sell signals based on moving average crossovers, breakout confirmations, and additional filters. Key Features: Fast MA Length: 9 Slow MA Length: 22 ATR Length: 14 ATR Filter: 0.5 Trailing Stop Percentage: 1.5% Pullback Threshold: 0.5 Minimum Candle Body Percentage: 0.5 Use Breakout Confirmation: Enabled Additional Filters: Volume Threshold: Set a minimum volume requirement for trades. Trend Filter: Optionally enable a trend filter based on a higher timeframe moving average. Momentum Filter: Optionally enable a momentum filter using the RSI indicator. Support/Resistance Filter: Optionally enable a filter based on predefined support and resistance levels. Buy and Sell Signals: Buy Signal: A buy signal is generated when the fast moving average crosses above the slow moving average, with additional confirmation from breakout and volume criteria, along with optional trend, momentum, and support/resistance filters. Sell Signal: A sell signal is generated when the fast moving average crosses below the slow moving average, with similar confirmation and filtering criteria as the buy signal. Exit Strategy: The strategy employs a trailing stop-loss mechanism based on a percentage of the average entry price. The stop-loss is dynamically adjusted to protect profits while allowing for potential upside. Please note that this strategy should be thoroughly backtested and evaluated in different market conditions before applying it to live trading. It is also recommended to adjust the parameters and filters according to individual preferences and risk tolerance. Feel free to customise and adapt the description as needed to suit your preferences and the specific details of your strategy.
Strategia Pine Script®
di ashokkumarsand
Trend Reversal System with SR levelsHello All, This is the Trend Reversal System with Support/Resistance levels script. long time ago I published it as closed source but now I upgraded it and and published as open-source with a different name. I hope it would be useful for you all while trading/analyzing. The script has some parts in it: Setup, Count, SR levels, Risk levels & Targets . Now lets check them: Setup Part: it has two part, Buy or Sell Setup. one of them can be active only. Buy setup: if current close checks if current is lower/equal than the close of the 5. bar. if yes then the script increases number of buy setup. and if it reaches 9 then the script checks if current low is lower/equal than the lows of last 3. and 4. bars, or if the low of the last bar is lower/equal than the lows of last 3. and 4. bars. if yes then the script increases the buy setup by 1. if these conditions met then it puts the label 'S' , same for Sell setup. S labels on both setup are potential reversals. Count Part: If buy or sell setup reaches the 9 then Count part starts from 1. lets see buy count: If current close is lower/equal than the low of the 3. bar and buy count is lower than 12 or low of the bar 13 is less than or equal to the close of bar 8 then buy count increase or it's completed. if it's completed then the script puts C label, and it's potential reversal. of course there are some conditions that can cancel the count buy/sell or recycle/restart. By using Setup and Count levels the script can show Support/Resistance Levels, Risk levels & Targets. SR levels are potential reversal levels. Lets see some example screenshots: Support/Resistance levels: Potential Reversal levels and how setup/counts are shown: Count part can recycle and the script shows it as 'R' , ( you can see the conditions for Recycle in the script ): Count can be cancelled and and it's shown as 'x' If the scripts find 9 on Setup or 13 on Count then it checks if it's a good level to buy/sell and if it decides it's good level then it shows TRSSetup Buy/Sell or TRSCount Buy/Sell and also shows the target. in following example the script checks and decide it's a good level to take long position. it can be aggressive or conservative, Conservative is recommended. Enjoy!
Indicatore Pine Script®
di LonesomeTheBlue
32
Rail Line Levels [s3]Plots support/resistance lines based on a neutral signal (white portion) of the Rail Line (variable moving average) for a period of time designated by the user (defaults to 9 bars). Support/Resistance lines will be removed after a period of tests and can be determined by the user (defaults to 26). Support/Resistance is deemed not as important or strong after several touches or tests. The trailer uses a combination of the calculation for the Rail Line (variable moving average) and an ATR to show the overall trend direction. The indicator is centered around a Variable Moving Average. The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility. In addition to the VMA, the indicator makes use of the ATR which measures market volatility by decomposing the entire range of an asset price for that period. The true range is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close.
Indicatore Pine Script®
di s3raphic333
6
DR/IDR Candles [LuxAlgo]This indicator displays defining ranges (DR) and implied defining ranges (IDR) constructed from two user set sessions (RDR/ODR) as graphical candles on the chart. The script introduces additional graphical elements to the original DR/IDR concept and as such can be thought as a graphical method in addition to a technical indicator. Additionally, this script can display various Fibonacci retracements from the constructed DR/IDR if enabled within the settings. Settings Regular Session: Enable/disable regular session's DR/IDR alongside setting the session time. By default, 09:30 - 10:30 am. Overnight Session: Enable/disable overnight session's DR/IDR alongside setting the session time. By default, 03:00 - 04:00 am. UTC Offset: UTC offset for the time zone, by default -5 (EST) Retracements Reverse: Inverts source range upper/lower value for constructing the retracements. From: Source range used to construct the retracements, by default DR is used. By default, the 0.5 retracement (average line) is displayed. Usage The used sessions are highlighted by a gray background. DRs are highlighted by dashed lines while IDRs are highlighted by solid ones. The maximum/minimum price between each user set session is highlighted by solid wicks. The color of the DRs/IDRs/wicks are determined by the price position relative to the DR; if price is above the DR maximum, then a blue color is used. If price is below, then an orange color is used, and if price is within the DR range, then a gray color is used. Additionally, the area of the DR range is used to highlight the number of time price is located within the DR, with a longer background highlighting a higher number of occurrences. This can help highlight if the DR levels were potentially useful as support/resistance. When price is outside the IDR range, the area between the price and IDR is highlighted, in blue if price is above the IDR, and orange if it is under. The original author of the DR/IDR concept describes 3 rules using the price position relative to the DR/IDR levels: 1.) If price on the 5-minute timeframe closes above the DR high after 10:30 AM or 04:00 AM then the DR low will likely be the low of the trading session. 2.) If price on the 5-minute timeframe closes below the DR low after 10:30 AM or 04:00 AM then the DR high will likely be the high of the trading session. 3.) If price closes above the IDR high after 10:30 AM or 04:00 AM it is an early indication that the low of the DR will be the low of the day and vice versa. We can see that the above rules are cases of conditional probabilities. There is no significant data supporting or regarding any statistical probability of the above rules to be true, which are more than uncertain given the stochastic nature of prices. The lack of precision of these rules is also a concern (time zone dependance, applicable markets, etc...). Credits Credits to trader TheMas7er who originally created the DR/IDR concept in November of 2022. This script was derived from his proposed session times & rules for trading.
Indicatore Pine Script®
di LuxAlgo
34
Future Pivots CPR - All Timeframes Simple idea that allows you to display tomorrow CPR/ Standard Floor Trader Pivots based on the high, low and close of today session. Likewise, it works for higher timeframes taking into account the high, low, close of the period (e.g. weekly, monthly, year). Just be aware that -regardless of the timeframe- if the period is still in development, the indicator will constantly/ live update the values until the period is closed!! This indicator is meant to be used when preparing for the next trading period. If you want to use it live, I'd suggest using the function of this indicator which allows to display only current/closed pivots- Similar to other script I published, this indicator lower timeframes (Daily and Weekly) will work with lower timeframe bars, this is the Minutes and Hour bars. Conversely, higher timeframe CPR/Pivots will work better with timeframes/charts from Daily and above. Available tick/untick functions: - Select timeframe - Show current CPR & Support/Resistance - Show tomorrow CPR & Support/Resistance - Display historical CPR (CPR only) - Show extended support and resistance lines (S2,S3,R2,R3) for current and future pivots.
Indicatore Pine Script®
di BollingerBoss
4
SuperTrend Momentum TableMy goal creating this indicator : Provide a way to see the Past and Current Momentum of multiple different timeframes without using multiple charts. The Underlying Concept / What is Momentum? The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When price closes above Supertrend Its bullish Momentum when its below Supertrend its Bearish Momentum.This indicator scans for bullish & bearish Momentum on the Timeframes selected by the user and when there is a shift in momentum on any of those time frames (price closes below or above SUPERTREND ) it notifies the trader with a color change on the Momentum Table. Back Testing: This indicator will be key for back testing with the SuperTrend-Support-Resistance indicator since the SuperTrend Momentum Table shows you the visual shift in momentum. Giving the Trader a Clear visual on how Each Support and Resistance Level was made . Technical Inputs - If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals. Quick TIP! : You can Sync all VFX SuperTrend Indicators together! All VFX SuperTrend indicators display unique information but its all derived from that same Momentum Formula. Keep the Factor input and ATR Length the same on other VFX SuperTrend indicators to have them operating on the same data. Timeframe Inputs - The indicator has 7 Time frame Displays where you can choose which Time Frames you would like to monitor. - You can limit the amount of time frames being displayed by changing the Time Frame Amount Display Inputs - The trader can specify the bullish and bearish color of all 7 Timeframes - You can toggle (on or off) the Momentum Switch if you want to highlight the exact candle where momentum switched from bullish to bearish and from bearish to bullish . How it can be Used ? Check the momentum of other Timeframes and use that information as a variable to structure your trading plan. - Use Momentum information to track the trend - Plan and limit trades based on the current Momentum of multiple timeframes - See if you have higher momentum to fuel your trades - See breakouts on Multiple Time Frames
Indicatore Pine Script®
di Who7is7Like7God
1
Auto Fibonacci Levels + Auto Trend Line generatorAnother indicator for you guys!!! This indicator consists of the 5 key Fibonacci retracement levels, plotted automatically to user input settings. I also have included an auto support/resistance trend line generator. What is a Fibonacci retracement? 'Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move before a trend continues in the original direction.' - Wikipedia How to use the Fibonacci retracement? - The Fibonacci levels are default. These percentiles from price to the average of the high in a sample and low in a sample give you a guideline of where a bottom may be, where a top may be, and where a range is being created. - Look for the price to reject from 61.8% and 76.4%, and also look for price to bounce from 38.2% and 23.6%. If a lower low/higher high is made, the fib levels will follow and the percentiles within will be recalculated after a 5 candle offset period. - If you see price trending towards the lower percentiles (38&23) and using the 50% as resistance, look for a break downwards and vice versa. -This Fibonacci set as all others is subject to fake-out, always use this with another series indicator, or don't use it as a signal for entry at all (unless you have a backdated strategy) How to use the trend line generator? -The trend line generator will only plot when a lower low/higher high has taken place within the input amount of candles. It is also offset by a user amount. -The check box will give the option to have the trend line's plot or not. - If you see a green/red dot it means that that will be your first coordinate for the trend line, and until the computations are complete it will give you an idea of which direction it will be in (resistance or support) -When opening this indicator zoom out all the way to connect any trend lines that do not load automatically. Let me know if you have any questions, suggestions or issues! Thank you everyone! -Cheatcode1 :) SP:SPX TVC:DXY BMFBOVESPA:EUR1! CME:BTC1! BINANCE:BTCUSDT
Indicatore Pine Script®
di CheatCode1
13
HH & LL ScalperThis script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points. Generally HH and HL shows up-trend, LL and LH shows down-trend. If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically. If you use smaller numbers for left/right bars then it will be more sensitive.
Indicatore Pine Script®
di ramanmacchavel87
11
Volatility Pivot Support and Resistance [Loxx]Volatility Pivot Support and Resistance calculates "pivots" (support/resistance lines) based on current symbol/timeframe Average True Range calculated volatility. What is Average True Range? The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period. The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close. The ATR is then a moving average, generally using 14 days, of the true ranges. Included: -Bar coloring
Indicatore Pine Script®
di loxx