Congestion ZoneCongestion zone include at least 3 candle sticks that the next candle has an opening and closing price within the previous candle
When the price returns to the congested zone there is a possibility of a reversal
The congestion zone is used as a support-resistance area and is used by price action traders.
This script will highlight congestion zones, this will help PA Traders find out them easily.
Cerca negli script per "support"
ka66: Asher Magical MidpointThis Support and Resistance and Trend Channel indicator is based on:
Stocks & Commodities V. 40:13 (20–22): Magical Midpoint Of 52-Week High & Low by Ketan Asher
This indicator seems to work better over higher timeframes, as the article suggested. It also seems to work better with stocks, not so much with currencies. This may be due to the crowd psychology which considers 52-week marks as significant in stocks. The indicator allows configurable lookback periods, and band percentage widths.
Since it's very much price-driven, a useful context for this is some weekly breakout above the midpoint and indication of a rising trend. The bands at the point of breakout can be used as a profit taking point, partial or full, depending on your system.
The article suggests a stop loss at the last week's low, or below the midpoint line depending on the trader's risk appetite.
Auto Fibonacci From Previous High & Low w/ Percentages & AlertsAUTO FIBONACCI FROM PREVIOUS D/W/M/Q/Y HIGH & LOW WITH PERCENTAGES & ALERTS
This is an auto fibonacci level generating indicator that uses the high and low from the previous day, week, month, quarter or year. It also has a table with real time updates of how far away the nearest fibonacci levels are above and below the current price, represented in percentages. It includes alerts for each level as well if you want to be notified of price crossing fibonacci levels without watching the chart.
***HOW TO USE***
Fibonacci levels are also known as the golden ratio and are popular levels for traders to use as support and resistance levels. Expect price to bounce off of these levels regularly.
The previous high and low are marked as white lines. These are very important levels so make sure to pay attention when price reaches these lines.
Make sure to check out the higher timeframes for major levels.
Each fibonacci line retracement and extension up to the 3.272 level in each direction is displayed as red or green depending on whether price is above or below that level.
The retracement levels used are: previous high, .117, .236, .382, .5, .618, .786, .883, previous low, 1.272, 1.618, 2, 2.272, 2.618, 3 and 3.272.
The extension levels used are: .272, .618, 1, 1.272, 1.618, 2, 2.272, 2.618, 3 and 3.272.
In the indicator settings input tab you can quickly change the timeframe used, turn lines on/off, upper line colors, lower line colors, previous high and low line colors, line width, turn percentage table on/off, change the color of the percentage table and move the percentage table to a different location on the chart.
The indicator includes alerts for each fibonacci level as well, just set your fibonacci timeframe on your favorite ticker and turn on tradingview alerts for alert() calls.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This auto fibonacci indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Buy & Sell Pressure Colored Candles, Directional Movement Index + Fisher Transform, Volume Profile W/ Buy & Sell Pressure Labels, Auto Support And Resistance and Money Flow Index in combination with this Auto Fibonacci. They all have real time Bullish and Bearish labels or percentage gap info as well so you can immediately understand each indicator's trend and how far away major levels are in percentages.
Settlement priceThis script is meant to be used intraday, on futures products.
It charts the previous day/week/month settlement price as a constant level intraday.
The settlement price of a product is calculated by the exchange at the end of each day. It is shown in the D/W/M chart as the close price. The settlement price does not coincide with the last close price intraday, thus creating the need of a script like this.
The settlement price can be a pivotal price in intraday futures trading, as it can act as support or resistance
You can select the resolution of the settlement by the "Resolution" input
TRADING MADE SIMPLEThis indicator shows market structure. The standard method of using Williams Highs and Lows as pivots, is something of an approximation.
What's original here is that we follow rules to confirm Local Highs and Local Lows, and strictly enforce that a Low can only follow a confirmed High and vice-versa.
-- Highs and Lows
To confirm a candle as a Local High, you need a later candle to Close below its Low. To confirm a Local Low, you need a Close above its High.
A Low can only follow a High (after it's been confirmed). You can't go e.g High, High, Low, Low, only High, Low, High, Low.
When price makes Higher Highs and Higher Lows, market structure is said to be bullish. When price makes Lower Lows and Lower Highs, it's bearish.
I've defined the in-between Highs and Lows as "Ranging", meaning, neutral. They could be trend continuation or reversal.
-- Bullish/Bearish Breaks
A Bullish break in market structure is when the Close of the current candle goes higher than the previous confirmed Local High.
A Bearish Break is when the Close of the current candle goes lower than the most recent confirmed Local Low.
I chose to use Close rather than High to reduce edge case weirdness. The breaking candle often ends up being a big one, thus the close of that candle can be a poor entry.
You can get live warnings by setting the alert to Options: Only Once, because during a candle, the current price is taken as the Close.
Breaks are like early warnings of a change in market bias, because you're not waiting for a High or Low to be formed and confirmed.
Buy The Dip / Sell The Rally
Buy The Dip is a label I gave to the first Higher Low in a bullish market structure. Sell The Rally is the first Lower High in a bearish market structure.
These *might* be good buying/selling opportunities, but you still need to do your own analysis to confirm that.
== USAGE ==
The point of knowing market structure is so you don't make bullish bets in a bearish market and vice versa -
or if you do at least you're aware that that's what you're doing, and hopefully have some overwhelmingly good reason to do so.
These are not signals to be traded on their own. You still need a trade thesis. Use with support & resistance and your other favourite indicators.
Works on any market on any timeframe. Be aware that market structure will be different on different timeframes.
IMPORTANT: If you're not seeing what you expect, check your settings and re-read this entire description carefully. Confirming Highs and Lows can get deceptively complex.
first hour high and low by akash mauryaThis indicator marks the first hour's high and low with a line with the percentage of range height.
First hour high and low generally act as heavy support and resistance or say major key areas in daily intraday charts.
You can adjust the settings if you want to see previous days' hour range lines or not.
This indicator will automatically create hour-range lines after an hour of market opening.
Chart Map[netguard] V1.0Chart map is a indicator that shows best levels of price.
on this indicator we divided ATH and ATL of chart to 16/32 levels that each one of them can control price and candles.
furthermore you can use weekly or daily map in this indicator.in weekly map we divide High to Low of last week candle to 8 levels that these levels can control candles too.
In general, these levels act as strong support and resistance.
you can trade on these levels with candle patterns.
HersG High Low Bar Charts Layout
Hello friends,
The following indicator will create a new form of chart layout in High & Low as candle-like full bars instead of Open and Close. There are no wicks, only full bars highlighting High and Low of the select time frame. Two dots inside a bar will represent Open (Red dot) and Close (Green dot).
How can it help you as a trader?
High and Low candle-like bars will clear the noise from charts in identifying support & resistance, higher-highs and lower-lows will be clearly visible thus helping you make trades.
First add the indicator and then hover the mouse pointer over the ticker in the charts and click on the “eye-shaped” symbol to hide the candlesticks chart pattern.
The type of chart layout is standard charts. Data are not re-calculated or manipulated.
Regards!
Same high/low + DCA (only long)This is an update of the previous "same high/low" strategy. This strategy can be helpful for those who look for entrance price points after level retest based on the dollar cost averaging approach.
The retest of the level is defined by two candles with the same low.
4 entrance points were calculated based on volatility (not based on ATR though) and the weights were averaged in the middle of the volatility level.
As previously, stop loss is just one tick away from a level of support and take profit based on the ATR multiplier.
Smamaema1 SMA, 3 EMA, 1 MA. The SMA in white is an amazing support/resistence level on 4h charts with a long history, the three EMA are good indicators of buy/sell zones and and the MA is the same as EMA but with lag.
EMA MTF PlusI like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time,
nor the patience to wait hours or days for my trade to be complete.
This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a decent job as support/resistance, sometimes to a tick level of precision. And this is important for a 1 minute trader.
As such, I made this script that tracks the higher time-frames EMAs and displays the last value as a line.
I do not need the whole EMA, I'm not interested in crossovers or crossunders, these are anyway late signals for me.
What's with the triangles? These are local tops/bottoms , candles that have a have decent size of the wick. These tops and bottoms are by no means "final", they are merely a rejection at certain levels of price. Due to markets complexities (and human erratic behaviors hehe) these levels could be breached at the very next candle. For a more "final" version (nothing is really final but..) I added Schaff Trend Cycle as filter, so a triangle will pop only when a trend is mature enough ( STC with a value near 0 or near 100).
Colored bars. When the body of the candle is big, it shows strength. Strong bars tend to have follow through, especially when breaking key levels. The script looks at the body of the candle and compares it with ATR (Average True Range), if it's at least 0.8 of ATR it changes the bar color to yellow (bull candles) or fuchsia(bear candles).
Range identifier. This code is copied from Lazy Bear (if there are any issues please let me know), it's very useful in conjunction with colored bars.
I look for breakout candles that go outside of the range as a signal for a trade.
There are many ways in which this script can be useful, like trading mean reversions or momentum trades (breakouts) or simply trend following trades.
I hope you guys find it useful, you can play with default values and change them as you like, these are what I found to be working best for me and my trading universe (mostly crypto).
Special thanks for the original work of:
LazyBear
everget
Jim8080
Daily Weekly Monthly Yearly OpensThis indicator draws key level lines such as daily open, weekly open, monthly open, yearly open, previous daily open, previous weekly open, previous monthly open, previous yearly open, monday daily high and monday daily low to chart. This lines can act either support or resistance but it is just possibility. This lines will help you to find buy and sell places.
Plot Real Open and Close - SamXI built this indicator as a personal request from a friend. He often trades using Heiken Ashi charts, but wanted a way to easily cross-reference real-price open and close values for the same timeframe on the same chart (as HA candles are by design lagging, they can take a few periods to catch up to a large move). This can also be used to help guide support and resistance zones using real-price data points should you so choose.
There are 2 major ways to configure this indicator to display real-price open and close:
As a Bar or Hollow Candle style chart overlay
As on-chart shapes (allowing individual control over which data to show - open, close, or both)
34 EMA BandsThis is quite a simple script, just plotting a 34EMA on high's and low's of candles. Appears to work wonders though, so here it is.
There is some //'d code which I haven't finished working on, but it looks to be quite similar to Bollinger Bands, just using different math rather than standard deviations from the mean.
The bands itself is pretty self explanatory, price likes to use it as resistance when under it, it can trade inside it and it can use the upper EMA as support when in a strong upward trend.
Fear Of Missing Out grid of forex tradingAbstract
This script finds potential safe grids placing limit orders without fear of missing out.
This script computes grids according to power of 1.0025 .
You can reference those price levels for your trading.
Introduction
Grid trading is a popular trading method.
Traders plan several price levels as grids and repeat buying at lower grids and selling at higher grids.
Grids can be round number like multiple of 100 pips.
Grids can also be support and resistance according to price history.
Some traders may think they need to adjust grids to trade.
However, there are several problems in choosing grids.
One problem is rate of change is related and therefore exponential. 20 to 30 is different from 30 to 40.
Another interesting point is there are some special impressing reversal price levels.
Several months ago, I had a question why usdjpy bounced near 108.3 .
After using a calculator, I found that 108.3 = 100 * 1.083 ≒ 100 * pow(1.0025,31) .
1.0025 , as known as 0.25% of change, is a potential stop out zone.
Therefore, we can compute grids and one grid is a little more than 1.0025 times than an another one.
After we finished computing grids, we can consider buy and sell near those grids.
Note that different traders may obtain different grid values.
For example, from 1.0 to 2.0 , it can be splited as 270 grids or 277 grids because pow(1.0025,277)<2 .
Those grids cannot always imply potential reversal points but they can be useful for traders looking for 0.25% profit targets with reducing fearing of buying or selling too early.
Computing grids
This script split from 1.0 to 10.0 into three segments.
One is 1.0 to 2.0 .
The second segment is from 2.0 to 5.0 .
The third segment is from 5.0 to 10.0 .
This script does the same thing for 0.1 to 1.0 , 10.0 to 100.0 , and so on.
For 1.0 to 2.0 and 5.0 to 10.0 , this script split a segment as 270 grids.
For 2.0 to 5.0 , this script split a segment as 360 grids.
The last step is display the next grids to the daily low and daily high.
Maybe also display the grids behind grids shown.
Parameters
x1,x2,x3,x4 : display the next x1,x2,x3,x4 grids to daily high and daily low. 1 means the next grid to daily high and daily low. 2 means the next grid to 1.
x_seg : default 2.0 . This script split from 1.0 to 10.0 into three segments. One is 1.0 to x_seg. The second segment is from x_seg to 10.0/x_seg . The third segment is from 10.0/x_seg to 10.0 .
x_grid1 : how many grids in the first segment
x_grid2 : how many grids in the second segment
x_lowprice : add this number for bigger grid distance. Generally, you don't need this number when trading forex but you may need it in stock trading. For stocks with price between 50 to 100, I recommend you use x_lowprice=100.
Conclusion and suggestions
This script can find potential grids for trading.
If price touches grids usually, we can consider buy and sell after price touches grids.
If price reverses before touching grids usually, we may consider buy and sell before price touches grids.
Those grids can remind us don't buy too much unless the price touches the next grid.
For instruments with less volatility, maybe we need more grids.
For traders with more money, they may also consider more grids for more dedicated range trading to collect more profit.
Reference
Sorry, I forgot them.
Opening Range FibonaccisThis indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST)
The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of further movement.
The Fibonacci levels are set such that the opening range high/low fall on the +/-0.5 fib. This creates an "extended range" outside of the opening range that may be useful during breakouts.
Bitcoin - CME Futures Friday Close
This indicator displays the weekly Friday closing price according to the CME trading hours (Friday 4pm CT).
A horizontal line is displayed until the CME opens again on Sunday 5pm CT.
This indicator is based on the thesis, that during the weekend the Bitcoin price tends to mean reverse to the CME closing price of the prior Friday. The level can also act as support/resistance. This indicator gives a visualization of this key level for the relevant time window.
Furthermore the indicator helps to easily identify, if there is an up or down gap in the CME Bitcoin contract.
small channel in 5minThis indicator designed for 5min time-frame.
it detects a candlestick pattern in one hour time-frame and draw a channel based on the detected pattern, where two candles and are covered by the third one , in 5 min time-frame.
the bottom, middle and top of the channel are colored by green, gray and red respectively. this channel may help user to use it as a possible support and resistance region.
(the pattern is defined in line 11 to 13.)
enjoy it
Auto Fibonacci and Gann Fan/Retracements ComboIntroduction
This is a combination of Fibonacci and Gann fan/retracements.
The script can automatically draw as many:
Fibonacci Retracements
Fibonacci Fan
Gann Retracements
Gann Fan
as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/Gann.
Basics
What are Fibonacci retracements?
Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence. Each level is associated with a percentage which is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
What are Gann retracements?
A developer of technical analysis and trading was W.D. Gann. Gann theory expects a normal retracement of 50 percent. This means that under normal selling pressure, the stock price will decline half the amount of its most recent rise, and vice versa. It also suggests that retracements occur at the halfway point of a move, such as 25 percent (half of 50 percent), 12.5 percent (half of 25 percent), and so on.
What is Fibonacci fan?
Fibonacci fan is a set of sequential trend lines drawn from a trough or peak through a set of points dictated by Fibonacci retracements. The first step to create it is to draw a trend line covering the local lowest and highest prices of a security. To reach retracement levels, the trader divides the difference in price at the low and high end by ratios determined by the Fibonacci series. The lines formed by connecting the starting point for the base trend line and each retracement level create the Fibonacci fan.
What is Gann fan?
A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. Gann believed the 45-degree angle to be most important, but the Gann fan also draws angles at degrees like 75, 63.75, 26.25 and 15. The Gann fan originates at a low or high point. The resulting lines show areas of potential future support and resistance. The 45-degree line is known as the 1:1 line because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time. All other lines in the Gann fan are drawn above and below the 1:1 line. The other angles are associated with 2:1, 3:1, 4:1, 8:1 and 1:8, 1:4, 1:3, and 1:2 time-to-price moves.
Challenges
The most of the time I dedicated to writing this script has been spent on handling these problems:
1. Finding Local Highest/Lowest Prices
In order to draw Fibonacci and Gann fan/retracements, it's necessary to find local highest and lowest price points (Extrema) on the chart. As this could be so challenging, most traders and coders draw the lines covering the low and high prices over a given period of time or a limited number of bars back instead. I already wrote an indicator using this approach ( Auto Fibonacci Combo ).
In this new script I tried to find the exact highest and lowest prices based on this idea that: if a high point is formed lower than previous high which was after a lowest point, then that previous one was the local highest point, and vice versa if a low point is formed higher than previous low which was after a highest point, then that previous one was the local lowest point. So logically an extremum price on the chart won't be found until the next high/low point is formed.
2. Finding Proper Chart Scale for Gann Fan
Based on the theory, Gann angles are sensitive to the chart price scale and in order to have the right angles, the chart must be made with the proper scale. J.A. Hyerczyk in his book "Pattern, Price & Time - Using Gann Theory in Technical Analysis" suggests that the easiest way to determine the scale of a market is by taking the difference between top-to-top and bottom-to-bottom and dividing it by the time it took the market to move from top to top and bottom to bottom.
Thus on a properly constructed chart, the basic equation for calculating Gann angles is: Price * Time.
3. Drawing Fans and Relocating Fan Labels at Each New Bar in Pine (A Programming-Related Subject)
To do this, I used linear equations and line slopes. Of course it was so complicated and exhausting, but finally I overcame that thanks to my genius cousin.
Settings and Usage
By default, the script shows detected extremum points plus 1 Fibonacci fan, 1 Gann fan, 1 set of Fibonacci retracements and no Gann retracements on the chart. All of these could be changed in the indicator settings beside the color and transparency of each line.
Feel free to use this and send me your thoughts!
Psychological Levels Redefined With LuckyNickVaPsychological Levels. Also described & speculated as Bank Levels by alot. These are Price levels that the masses are speculated to be more likely to trade based on more than anything else. These levels are great for entries & exits & market manipulation. This custom script is made to highlight price action at these Levels with Barcolor to see the price behavior & the candles that are closing above or below these levels to capture a better perspective to analyze based on this concept. These levels can be considered a form of support & resistance for the retail. Traders which can be used as insight to how the big players leave their footprints at these levels .
Market inbalance zone boxes [LM]HI Traders,
I would like to introduce you Market inbalance zone boxes, the idea is to look for big volatile candle and candle before and after. Big candle is result of big money orders and it creates zone where either bulls or bears where dominant. So it's a good place to look for support or resistance
The zone created if it meets volatility (atr) condition and if the candle has some percentage of body over wick. Top and bottom is determined by candles before and after this candle occures
In setting there is an option to shrink the gap as the the price continues advance more into the box. If the price will reach exceeds on it's way the box the gap is completely closed.
I hope you will enjoy it
CFD Ticks LevelsSimple but very effective script that finds areas of support and resistance through ticks exchange. Only works with CFDs
(You must enter in the settings the value corresponding to the CFD, example: US500 = 500, DAX30 = 30, FRANCE40 = 40 etc ...)
As usual, if you have any suggestions or bug reports don't hesitate.
Cheers
QFL single TF with alertsBacktesting compatible QFL pine script w/alerts
This version of QFL was made based on this one:
From author:
www.tradingview.com
I made the following additions according to my requirements:
- I need to use pine script 4
- I needed to avoid repainting issues so I'm not calling directly security, I'm using the wrapper function.
- There might be still repainting issues when you use "max base age" which uses the function "barssince" so be careful, you can disable it by setting its value to zero.
- Alerts so I can use it for automated trading and bots
- In order to make this signal compatible with the backtest script there's an option provided in the settings. If you enable this option this indicator will plot 1 whenever there's a BUY signal. This will allow the backtest to pick the "QFL Buy" from external indicator so it can perform the backtest.
I recommend some of these settings to start playing with the chart in 15 min / QFL in 1, 2 or 4 hours.
The higher the TF the more conservative.
QFL with 3.5% is pretty popular but you can try higher QFL percentage settings for a more conservative approach.
