IU Pivot Zones + GMADESCRIPTION:
IU Pivot Zones + GMA is a smart price-action-based indicator that detects meaningful support and resistance zones formed through pivot highs/lows while combining them with dynamic zone generation and Geometric Moving Averages (GMA). This tool is built to help traders visualize institutional breakout/rejection zones with clear, logical mapping and live box management — helping you stay ahead of the move.
The indicator is designed for intraday, swing, and positional traders who want to enhance their trading decisions with visual confluence zones and market structure logic.
USER INPUTS
* Pivot point Lengths: Number of bars used to detect pivot highs/lows
* Zone length: Controls the thickness of the support/resistance zone; higher values create wider zones
* GMA Length: Period for calculating the geometric moving averages based on highs and lows
* Allow Bar/candle Color: Enables or disables special candle coloring when price interacts with the zones
LOGIC OF THE INDICATOR:
* Detects pivot highs and pivot lows using the user-defined length
* Compares consecutive pivot levels to determine if they fall within a valid ATR-based price band to form a zone
* If confirmed, the indicator dynamically plots a resistance or support box between those pivot points, colored respectively (red for resistance, green for support)
* The boxes update in real-time based on price action. If price respects the zone, the box extends forward. If price breaks the zone, the box disappears
* Geometric Moving Averages (GMA) based on logarithmic mean of highs and lows are plotted to offer a trend bias
* Candles that touch the top of the support zone are colored yellow, and those touching the bottom of the resistance zone are orange, enhancing zone reaction visibility
WHY IT IS UNIQUE:
* Uses logarithmic-based GMAs, which are smoother and less reactive than traditional moving averages
* ATR-based zone logic makes it adaptive to volatility instead of using fixed-width zones
* Combines structural levels (pivots), volatility filters (ATR), and trend overlays (GMA) in one unified tool
* Real-time zone extension and disappearance logic based on price interaction
HOW USER CAN BENEFIT FROM IT:
* Spot high-probability breakout or reversal zones that price respects consistently
* Use the GMA cloud for trend confirmation — for example, bullish bias when price is above both GMAs
* Build price action strategies around zone touches, breakouts, or rejections
* Use color-coded candles as real-time alerts for potential entry/exit signals near S/R levels
* Save time by avoiding manual marking of zones on charts across timeframes
DISCLAIMER:
This indicator is created for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. All trading involves risk, and users should conduct their own analysis or consult with a qualified financial advisor before making any trading decisions. The creator is not responsible for any losses incurred through the use of this tool. Use at your own discretion.
Cerca negli script per "support"
FVG Premium [no1x]█ OVERVIEW
This indicator provides a comprehensive toolkit for identifying, visualizing, and tracking Fair Value Gaps (FVGs) across three distinct timeframes (current chart, a user-defined Medium Timeframe - MTF, and a user-defined High Timeframe - HTF). It is designed to offer traders enhanced insight into FVG dynamics through detailed state monitoring (formation, partial fill, full mitigation, midline touch), extensive visual customization for FVG representation, and a rich alert system for timely notifications on FVG-related events.
█ CONCEPTS
This indicator is built upon the core concept of Fair Value Gaps (FVGs) and their significance in price action analysis, offering a multi-layered approach to their detection and interpretation across different timeframes.
Fair Value Gaps (FVGs)
A Fair Value Gap (FVG), also known as an imbalance, represents a range in price delivery where one side of the market (buying or selling) was more aggressive, leaving an inefficiency or an "imbalance" in the price action. This concept is prominently featured within Smart Money Concepts (SMC) and Inner Circle Trader (ICT) methodologies, where such gaps are often interpreted as footprints left by "smart money" due to rapid, forceful price movements. These methodologies suggest that price may later revisit these FVG zones to rebalance a prior inefficiency or to seek liquidity before continuing its path. These gaps are typically identified by a three-bar pattern:
Bullish FVG : This is a three-candle formation where the second candle shows a strong upward move. The FVG is the space created between the high of the first candle (bottom of FVG) and the low of the third candle (top of FVG). This indicates a strong upward impulsive move.
Bearish FVG : This is a three-candle formation where the second candle shows a strong downward move. The FVG is the space created between the low of the first candle (top of FVG) and the high of the third candle (bottom of FVG). This indicates a strong downward impulsive move.
FVGs are often watched by traders as potential areas where price might return to "rebalance" or find support/resistance.
Multi-Timeframe (MTF) Analysis
The indicator extends FVG detection beyond the current chart's timeframe (Low Timeframe - LTF) to two higher user-defined timeframes: Medium Timeframe (MTF) and High Timeframe (HTF). This allows traders to:
Identify FVGs that might be significant on a broader market structure.
Observe how FVGs from different timeframes align or interact.
Gain a more comprehensive perspective on potential support and resistance zones.
FVG State and Lifecycle Management
The indicator actively tracks the lifecycle of each detected FVG:
Formation : The initial identification of an FVG.
Partial Fill (Entry) : When price enters but does not completely pass through the FVG. The indicator updates the "current" top/bottom of the FVG to reflect the filled portion.
Midline (Equilibrium) Touch : When price touches the 50% level of the FVG.
Full Mitigation : When price completely trades through the FVG, effectively "filling" or "rebalancing" the gap. The indicator records the mitigation time.
This state tracking is crucial for understanding how price interacts with these zones.
FVG Classification (Large FVG)
FVGs can be optionally classified as "Large FVGs" (LV) if their size (top to bottom range) exceeds a user-defined multiple of the Average True Range (ATR) for that FVG's timeframe. This helps distinguish FVGs that are significantly larger relative to recent volatility.
Visual Customization and Information Delivery
A key concept is providing extensive control over how FVGs are displayed. This control is achieved through a centralized set of visual parameters within the indicator, allowing users to configure numerous aspects (colors, line styles, visibility of boxes, midlines, mitigation lines, labels, etc.) for each timeframe. Additionally, an on-chart information panel summarizes the nearest unmitigated bullish and bearish FVG levels for each active timeframe, providing a quick glance at key price points.
█ FEATURES
This indicator offers a rich set of features designed to provide a highly customizable and comprehensive Fair Value Gap (FVG) analysis experience. Users can tailor the FVG detection, visual representation, and alerting mechanisms across three distinct timeframes: the current chart (Low Timeframe - LTF), a user-defined Medium Timeframe (MTF), and a user-defined High Timeframe (HTF).
Multi-Timeframe FVG Detection and Display
The core strength of this indicator lies in its ability to identify and display FVGs from not only the current chart's timeframe (LTF) but also from two higher, user-selectable timeframes (MTF and HTF).
Timeframe Selection: Users can specify the exact MTF (e.g., "60", "240") and HTF (e.g., "D", "W") through dedicated inputs in the "MTF (Medium Timeframe)" and "HTF (High Timeframe)" settings groups. The visibility of FVGs from these higher timeframes can be toggled independently using the "Show MTF FVGs" and "Show HTF FVGs" checkboxes.
Consistent Detection Logic: The FVG detection logic, based on the classic three-bar imbalance pattern detailed in the 'Concepts' section, is applied consistently across all selected timeframes (LTF, MTF, HTF)
Timeframe-Specific Visuals: Each timeframe's FVGs (LTF, MTF, HTF) can be customized with unique colors for bullish/bearish states and their mitigated counterparts. This allows for easy visual differentiation of FVGs originating from different market perspectives.
Comprehensive FVG Visualization Options
The indicator provides extensive control over how FVGs are visually represented on the chart for each timeframe (LTF, MTF, HTF).
FVG Boxes:
Visibility: Main FVG boxes can be shown or hidden per timeframe using the "Show FVG Boxes" (for LTF), "Show Boxes" (for MTF/HTF) inputs.
Color Customization: Colors for bullish, bearish, active, and mitigated FVG boxes (including Large FVGs, if classified) are fully customizable for each timeframe.
Box Extension & Length: FVG boxes can either be extended to the right indefinitely ("Extend Boxes Right") or set to a fixed length in bars ("Short Box Length" or "Box Length" equivalent inputs).
Box Labels: Optional labels can display the FVG's timeframe and fill percentage on the box. These labels are configurable for all timeframes (LTF, MTF, and HTF). Please note: If FVGs are positioned very close to each other on the chart, their respective labels may overlap. This can potentially lead to visual clutter, and it is a known behavior in the current version of the indicator.
Box Borders: Visibility, width, style (solid, dashed, dotted), and color of FVG box borders are customizable per timeframe.
Midlines (Equilibrium/EQ):
Visibility: The 50% level (midline or EQ) of FVGs can be shown or hidden for each timeframe.
Style Customization: Width, style, and color of the midline are customizable per timeframe. The indicator tracks if this midline has been touched by price.
Mitigation Lines:
Visibility: Mitigation lines (representing the FVG's opening level that needs to be breached for full mitigation) can be shown or hidden for each timeframe. If shown, these lines are always extended to the right.
Style Customization: Width, style, and color of the mitigation line are customizable per timeframe.
Mitigation Line Labels: Optional price labels can be displayed on mitigation lines, with a customizable horizontal bar offset for positioning. For optimal label placement, the following horizontal bar offsets are recommended: 4 for LTF, 8 for MTF, and 12 for HTF.
Persistence After Mitigation: Users can choose to keep mitigation lines visible even after an FVG is fully mitigated, with a distinct color for such lines. Importantly, this option is only effective if the general setting 'Hide Fully Mitigated FVGs' is disabled, as otherwise, the entire FVG and its lines will be removed upon mitigation.
FVG State Management and Behavior
The indicator tracks and visually responds to changes in FVG states.
Hide Fully Mitigated FVGs: This option, typically found in the indicator's general settings, allows users to automatically remove all visual elements of an FVG from the chart once price has fully mitigated it. This helps maintain chart clarity by focusing on active FVGs.
Partial Fill Visualization: When price enters an FVG, the indicator offers a dynamic visual representation: the portion of the FVG that has been filled is shown as a "mitigated box" (typically with a distinct color), while the original FVG box shrinks to clearly highlight the remaining, unfilled portion. This two-part display provides an immediate visual cue about how much of the FVG's imbalance has been addressed and what potential remains within the gap.
Visual Filtering by ATR Proximity: To help users focus on the most relevant price action, FVGs can be dynamically hidden if they are located further from the current price than a user-defined multiple of the Average True Range (ATR). This behavior is controlled by the "Filter Band Width (ATR Multiple)" input; setting this to zero disables the filter entirely, ensuring all detected FVGs remain visible regardless of their proximity to price.
Alternative Usage Example: Mitigation Lines as Key Support/Resistance Levels
For traders preferring a minimalist chart focused on key Fair Value Gap (FVG) levels, the indicator's visualization settings can be customized to display only FVG mitigation lines. This approach leverages these lines as potential support and resistance zones, reflecting areas where price might revisit to address imbalances.
To configure this view:
Disable FVG Boxes: Turn off "Show FVG Boxes" (for LTF) or "Show Boxes" (for MTF/HTF) for the desired timeframes.
Hide Midlines: Disable the visibility of the 50% FVG Midlines (Equilibrium/EQ).
Ensure Mitigation Lines are Visible: Keep "Mitigation Lines" enabled.
Retain All Mitigation Lines:
Disable the "Hide Fully Mitigated FVGs" option in the general settings.
Enable the feature to "keep mitigation lines visible even after an FVG is fully mitigated". This ensures lines from all FVGs (active or fully mitigated) remain on the chart, which is only effective if "Hide Fully Mitigated FVGs" is disabled.
This setup offers:
A Decluttered Chart: Focuses solely on the FVG opening levels.
Precise S/R Zones: Treats mitigation lines as specific points for potential price reactions.
Historical Level Analysis: Includes lines from past, fully mitigated FVGs for a comprehensive view of significant price levels.
For enhanced usability with this focused view, consider these optional additions:
The on-chart Information Panel can be activated to display a quick summary of the nearest unmitigated FVG levels.
Mitigation Line Labels can also be activated for clear price level identification. A customizable horizontal bar offset is available for positioning these labels; for example, offsets of 4 for LTF, 8 for MTF, and 12 for HTF can be effective.
FVG Classification (Large FVG)
This feature allows for distinguishing FVGs based on their size relative to market volatility.
Enable Classification: Users can enable "Classify FVG (Large FVG)" to identify FVGs that are significantly larger than average.
ATR-Based Threshold: An FVG is classified as "Large" if its height (price range) is greater than or equal to the Average True Range (ATR) of its timeframe multiplied by a user-defined "Large FVG Threshold (ATR Multiple)". The ATR period for this calculation is also configurable.
Dedicated Colors: Large FVGs (both bullish/bearish and active/mitigated) can be assigned unique colors, making them easily distinguishable on the chart.
Panel Icon: Large FVGs are marked with a special icon in the Info Panel.
Information Panel
An on-chart panel provides a quick summary of the nearest unmitigated FVG levels.
Visibility and Position: The panel can be shown/hidden and positioned in any of the nine standard locations on the chart (e.g., Top Right, Middle Center).
Content: It displays the price levels of the nearest unmitigated bullish and bearish FVGs for LTF, MTF (if active), and HTF (if active). It also indicates if these nearest FVGs are Large FVGs (if classification is enabled) using a selectable icon.
Styling: Text size, border color, header background/text colors, default text color, and "N/A" cell background color are customizable.
Highlighting: Background and text colors for the cells displaying the overall nearest bullish and bearish FVG levels (across all active timeframes) can be customized to draw attention to the most proximate FVG.
Comprehensive Alert System
The indicator offers a granular alert system for various FVG-related events, configurable for each timeframe (LTF, MTF, HTF) independently. Users can enable alerts for:
New FVG Formation: Separate alerts for new bullish and new bearish FVG formations.
FVG Entry/Partial Fill: Separate alerts for price entering a bullish FVG or a bearish FVG.
FVG Full Mitigation: Separate alerts for full mitigation of bullish and bearish FVGs.
FVG Midline (EQ) Touch: Separate alerts for price touching the midline of a bullish or bearish FVG.
Alert messages are detailed, providing information such as the timeframe, FVG type (bull/bear, Large FVG), relevant price levels, and timestamps.
█ NOTES
This section provides additional information regarding the indicator's usage, performance considerations, and potential interactions with the TradingView platform. Understanding these points can help users optimize their experience and troubleshoot effectively.
Performance and Resource Management
Maximum FVGs to Track : The "Max FVGs to Track" input (defaulting to 25) limits the number of FVG objects processed for each category (e.g., LTF Bullish, MTF Bearish). Increasing this value significantly can impact performance due to more objects being iterated over and potentially drawn, especially when multiple timeframes are active.
Drawing Object Limits : To manage performance, this script sets its own internal limits on the number of drawing objects it displays. While it allows for up to approximately 500 lines (max_lines_count=500) and 500 labels (max_labels_count=500), the number of FVG boxes is deliberately restricted to a maximum of 150 (max_boxes_count=150). This specific limit for boxes is a key performance consideration: displaying too many boxes can significantly slow down the indicator, and a very high number is often not essential for analysis. Enabling all visual elements for many FVGs across all three timeframes can cause the indicator to reach these internal limits, especially the stricter box limit
Optimization Strategies : To help you manage performance, reduce visual clutter, and avoid exceeding drawing limits when using this indicator, I recommend the following strategies:
Maintain or Lower FVG Tracking Count: The "Max FVGs to Track" input defaults to 25. I find this value generally sufficient for effective analysis and balanced performance. You can keep this default or consider reducing it further if you experience performance issues or prefer a less dense FVG display.
Utilize Proximity Filtering: I suggest activating the "Filter Band Width (ATR Multiple)" option (found under "General Settings") to display only those FVGs closer to the current price. From my experience, a value of 5 for the ATR multiple often provides a good starting point for balanced performance, but you should feel free to adjust this based on market volatility and your specific trading needs.
Hide Fully Mitigated FVGs: I strongly recommend enabling the "Hide Fully Mitigated FVGs" option. This setting automatically removes all visual elements of an FVG from the chart once it has been fully mitigated by price. Doing so significantly reduces the number of active drawing objects, lessens computational load, and helps maintain chart clarity by focusing only on active, relevant FVGs.
Disable FVG Display for Unused Timeframes: If you are not actively monitoring certain higher timeframes (MTF or HTF) for FVG analysis, I advise disabling their display by unchecking "Show MTF FVGs" or "Show HTF FVGs" respectively. This can provide a significant performance boost.
Simplify Visual Elements: For active FVGs, consider hiding less critical visual elements if they are not essential for your specific analysis. This could include box labels, borders, or even entire FVG boxes if, for example, only the mitigation lines are of interest for a particular timeframe.
Settings Changes and Platform Limits : This indicator is comprehensive and involves numerous calculations and drawings. When multiple settings are changed rapidly in quick succession, it is possible, on occasion, for TradingView to issue a "Runtime error: modify_study_limit_exceeding" or similar. This can cause the indicator to temporarily stop updating or display errors.
Recommended Approach : When adjusting settings, it is advisable to wait a brief moment (a few seconds) after each significant change. This allows the indicator to reprocess and update on the chart before another change is made
Error Recovery : Should such a runtime error occur, making a minor, different adjustment in the settings (e.g., toggling a checkbox off and then on again) and waiting briefly will typically allow the indicator to recover and resume correct operation. This behavior is related to platform limitations when handling complex scripts with many inputs and drawing objects.
Multi-Timeframe (MTF/HTF) Data and Behavior
HTF FVG Confirmation is Essential: : For an FVG from a higher timeframe (MTF or HTF) to be identified and displayed on your current chart (LTF), the three-bar pattern forming the FVG on that higher timeframe must consist of fully closed bars. The indicator does not draw speculative FVGs based on incomplete/forming bars from higher timeframes.
Data Retrieval and LTF Processing: The indicator may use techniques like lookahead = barmerge.lookahead_on for timely data retrieval from higher timeframes. However, the actual detection of an FVG occurs after all its constituent bars on the HTF have closed.
Appearance Timing on LTF (1 LTF Candle Delay): As a natural consequence of this, an FVG that is confirmed on an HTF (i.e., its third bar closes) will typically become visible on your LTF chart one LTF bar after its confirmation on the HTF.
Example: Assume an FVG forms on a 30-minute chart at 15:30 (i.e., with the close of the 30-minute bar that covers the 15:00-15:30 period). If you are monitoring this FVG on a 15-minute chart, the indicator will detect this newly formed 30-minute FVG while processing the data for the 15-minute bar that starts at 15:30 and closes at 15:45. Therefore, the 30-minute FVG will become visible on your 15-minute chart at the earliest by 15:45 (i.e., with the close of that relevant 15-minute LTF candle). This means the HTF FVG is reflected on the LTF chart with a delay equivalent to one LTF candle.
FVG Detection and Display Logic
Fair Value Gaps (FVGs) on the current chart timeframe (LTF) are detected based on barstate.isconfirmed. This means the three-bar pattern must be complete with closed bars before an FVG is identified. This confirmation method prevents FVGs from being prematurely identified on the forming bar.
Alerts
Alert Setup : To receive alerts from this indicator, you must first ensure you have enabled the specific alert conditions you are interested in within the indicator's own settings (see 'Comprehensive Alert System' under the 'FEATURES' section). Once configured, open TradingView's 'Create Alert' dialog. In the 'Condition' tab, select this indicator's name, and crucially, choose the 'Any alert() function call' option from the dropdown list. This setup allows the indicator to trigger alerts based on the precise event conditions you have activated in its settings
Alert Frequency : Alerts are designed to trigger once per bar close (alert.freq_once_per_bar_close) for the specific event.
User Interface (UI) Tips
Settings Group Icons: In the indicator settings menu, timeframe-specific groups are marked with star icons for easier navigation: 🌟 for LTF (Current Chart Timeframe), 🌟🌟 for MTF (Medium Timeframe), and 🌟🌟🌟 for HTF (High Timeframe).
Dependent Inputs: Some input settings are dependent on others being enabled. These dependencies are visually indicated in the settings menu using symbols like "↳" (dependent setting on the next line), "⟷" (mutually exclusive inline options), or "➜" (directly dependent inline option).
Settings Layout Overview: The indicator settings are organized into logical groups for ease of use. Key global display controls – such as toggles for MTF FVGs, HTF FVGs (along with their respective timeframe selectors), and the Information Panel – are conveniently located at the very top within the '⚙️ General Settings' group. This placement allows for quick access to frequently adjusted settings. Other sections provide detailed customization options for each timeframe (LTF, MTF, HTF), specific FVG components, and alert configurations.
█ FOR Pine Script® CODERS
This section provides a high-level overview of the FVG Premium indicator's internal architecture, data flow, and the interaction between its various library components. It is intended for Pine Script™ programmers who wish to understand the indicator's design, potentially extend its functionality, or learn from its structure.
System Architecture and Modular Design
The indicator is architected moduarly, leveraging several custom libraries to separate concerns and enhance code organization and reusability. Each library has a distinct responsibility:
FvgTypes: Serves as the foundational data definition layer. It defines core User-Defined Types (UDTs) like fvgObject (for storing all attributes of an FVG) and drawSettings (for visual configurations), along with enumerations like tfType.
CommonUtils: Provides utility functions for common tasks like mapping user string inputs (e.g., "Dashed" for line style) to their corresponding Pine Script™ constants (e.g., line.style_dashed) and formatting timeframe strings for display.
FvgCalculations: Contains the core logic for FVG detection (both LTF and MTF/HTF via requestMultiTFBarData), FVG classification (Large FVGs based on ATR), and checking FVG interactions with price (mitigation, partial fill).
FvgObject: Implements an object-oriented approach by attaching methods to the fvgObject UDT. These methods manage the entire visual lifecycle of an FVG on the chart, including drawing, updating based on state changes (e.g., mitigation), and deleting drawing objects. It's responsible for applying the visual configurations defined in drawSettings.
FvgPanel: Manages the creation and dynamic updates of the on-chart information panel, which displays key FVG levels.
The main indicator script acts as the orchestrator, initializing these libraries, managing user inputs, processing data flow between libraries, and handling the main event loop (bar updates) for FVG state management and alerts.
Core Data Flow and FVG Lifecycle Management
The general data flow and FVG lifecycle can be summarized as follows:
Input Processing: User inputs from the "Settings" dialog are read by the main indicator script. Visual style inputs (colors, line styles, etc.) are consolidated into a types.drawSettings object (defined in FvgTypes). Other inputs (timeframes, filter settings, alert toggles) control the behavior of different modules. CommonUtils assists in mapping some string inputs to Pine constants.
FVG Detection:
For the current chart timeframe (LTF), FvgCalculations.detectFvg() identifies potential FVGs based on bar patterns.
For MTF/HTF, the main indicator script calls FvgCalculations.requestMultiTFBarData() to fetch necessary bar data from higher timeframes, then FvgCalculations.detectMultiTFFvg() identifies FVGs.
Newly detected FVGs are instantiated as types.fvgObject and stored in arrays within the main script. These objects also undergo classification (e.g., Large FVG) by FvgCalculations.
State Update & Interaction: On each bar, the main indicator script iterates through active FVG objects to manage their state based on price interaction:
Initially, the main script calls FvgCalculations.fvgInteractionCheck() to efficiently determine if the current bar's price might be interacting with a given FVG.
If a potential interaction is flagged, the main script then invokes methods directly on the fvgObject instance (e.g., updateMitigation(), updatePartialFill(), checkMidlineTouch(), which are part of FvgObject).
These fvgObject methods are responsible for the detailed condition checking and the actual modification of the FVG's state. For instance, the updateMitigation() and updatePartialFill() methods internally utilize specific helper functions from FvgCalculations (like checkMitigation() and checkPartialMitigation()) to confirm the precise nature of the interaction before updating the fvgObject’s state fields (such as isMitigated, currentTop, currentBottom, or isMidlineTouched).
Visual Rendering:
The FvgObject.updateDrawings() method is called for each fvgObject. This method is central to drawing management; it creates, updates, or deletes chart drawings (boxes, lines, labels) based on the FVG's current state, its prev_* (previous bar state) fields for optimization, and the visual settings passed via the drawSettings object.
Information Panel Update: The main indicator script determines the nearest FVG levels, populates a panelData object (defined in FvgPanelLib), and calls FvgPanel.updatePanel() to refresh the on-chart display.
Alert Generation: Based on the updated FVG states and user-enabled alert settings, the main indicator script constructs and triggers alerts using Pine Script's alert() function."
Key Design Considerations
UDT-Centric Design: The fvgObject UDT is pivotal, acting as a stateful container for all information related to a single FVG. Most operations revolve around creating, updating, or querying these objects.
State Management: To optimize drawing updates and manage FVG lifecycles, fvgObject instances store their previous bar's state (e.g., prevIsVisible, prevCurrentTop). The FvgObject.updateDrawings() method uses this to determine if a redraw is necessary, minimizing redundant drawing calls.
Settings Object: A drawSettings object is populated once (or when inputs change) and passed to drawing functions. This avoids repeatedly reading numerous input() values on every bar or within loops, improving performance.
Dynamic Arrays for FVG Storage: Arrays are used to store collections of fvgObject instances, allowing for dynamic management (adding new FVGs, iterating for updates).
Multi-Session ORBThe Multi-Session ORB Indicator is a customizable Pine Script (version 6) tool designed for TradingView to plot Opening Range Breakout (ORB) levels across four major trading sessions: Sydney, Tokyo, London, and New York. It allows traders to define specific ORB durations and session times in Central Daylight Time (CDT), making it adaptable to various trading strategies.
Key Features:
1. Customizable ORB Duration: Users can set the ORB duration (default: 15 minutes) via the inputMax parameter, determining the time window for calculating the high and low of each session’s opening range.
2. Flexible Session Times: The indicator supports user-defined session and ORB times for:
◦ Sydney: Default ORB (17:00–17:15 CDT), Session (17:00–01:00 CDT)
◦ Tokyo: Default ORB (19:00–19:15 CDT), Session (19:00–04:00 CDT)
◦ London: Default ORB (02:00–02:15 CDT), Session (02:00–11:00 CDT)
◦ New York: Default ORB (08:30–08:45 CDT), Session (08:30–16:00 CDT)
3. Session-Specific ORB Levels: For each session, the indicator calculates and tracks the high and low prices during the specified ORB period. These levels are updated dynamically if new highs or lows occur within the ORB timeframe.
4. Visual Representation:
◦ ORB high and low lines are plotted only during their respective session times, ensuring clarity.
◦ Each session’s lines are color-coded for easy identification:
▪ Sydney: Light Yellow (high), Dark Yellow (low)
▪ Tokyo: Light Pink (high), Dark Pink (low)
▪ London: Light Blue (high), Dark Blue (low)
▪ New York: Light Purple (high), Dark Purple (low)
◦ Lines are drawn with a linewidth of 2 and disappear when the session ends or if the timeframe is not intraday (or exceeds the ORB duration).
5. Intraday Compatibility: The indicator is optimized for intraday timeframes (e.g., 1-minute to 15-minute charts) and only displays when the chart’s timeframe multiplier is less than or equal to the ORB duration.
How It Works:
• Session Detection: The script uses the time() function to check if the current bar falls within the user-defined ORB or session time windows, accounting for all days of the week.
• ORB Logic: At the start of each session’s ORB period, the script initializes the high and low based on the first bar’s prices. It then updates these levels if subsequent bars within the ORB period exceed the current high or fall below the current low.
• Plotting: ORB levels are plotted as horizontal lines during the respective session, with visibility controlled to avoid clutter outside session times or on incompatible timeframes.
Use Case:
Traders can use this indicator to identify key breakout levels for each trading session, facilitating strategies based on price action around the opening range. The flexibility to adjust ORB and session times makes it suitable for various markets (e.g., forex, stocks, or futures) and time zones.
Limitations:
• The indicator is designed for intraday timeframes and may not display on higher timeframes (e.g., daily or weekly) or if the timeframe multiplier exceeds the ORB duration.
• Time inputs are in CDT, requiring users to adjust for their local timezone or market requirements.
• If you need to use this for GC/CL/SPY/QQQ you have to adjust the times by one hour.
This indicator is ideal for traders focusing on session-based breakout strategies, offering clear visualization and customization for global market sessions.
Full Day Midpoint Line with Dynamic StdDev Bands (ETH & RTH)A Pine Script indicator designed to plot a midpoint line based on the high and low prices of a user-defined trading session (typically Extended Trading Hours, ETH) and to add dynamic standard deviation (StdDev) bands around this midpoint.
Session Midpoint Line:
The midpoint is calculated as the average of the session's highest high and lowest low during the defined ETH period (e.g., 4:00 AM to 8:00 PM).
This line represents a central tendency or "fair value" for the session, similar to a pivot point or volume-weighted average price (VWAP) anchor.
Interpretation:
Prices above the midpoint suggest bullish sentiment, while prices below indicate bearish sentiment.
The midpoint can act as a dynamic support/resistance level, where price may revert to or react at this level during the session.
Dynamic StdDev Bands:
The bands are calculated by adding/subtracting a multiple of the standard deviation of the midpoint values (tracked in an array) from the midpoint.
The standard deviation is dynamically computed based on the historical midpoint values within the session, making the bands adaptive to volatility.
Interpretation:
The upper and lower bands represent potential overbought (upper) and oversold (lower) zones.
Prices approaching or crossing the bands may indicate stretched conditions, potentially signaling reversals or breakouts.
Trend Identification:
Use the midpoint as a reference for the session’s trend. Persistent price action above the midpoint suggests bullishness, while below indicates bearishness.
Combine with other indicators (e.g., moving averages, RSI) to confirm trend direction.
Support/Resistance Trading:
Treat the midpoint as a dynamic pivot point. Price rejections or consolidations near the midpoint can be entry points for mean-reversion trades.
The StdDev bands can act as secondary support/resistance levels. For example, price reaching the upper band may signal a potential short entry if accompanied by reversal signals.
Breakout/Breakdown Strategies:
A strong move beyond the upper or lower band may indicate a breakout (bullish above upper, bearish below lower). Confirm with volume or momentum indicators to avoid false breakouts.
The dynamic nature of the bands makes them useful for identifying significant price extensions.
Volatility Assessment:
Wider bands indicate higher volatility, suggesting larger price swings and potentially riskier trades.
Narrow bands suggest consolidation, which may precede a breakout. Traders can prepare for volatility expansions in such scenarios.
The "Full Day Midpoint Line with Dynamic StdDev Bands" is a versatile and visually intuitive indicator well-suited for day traders focusing on session-specific price action. Its dynamic midpoint and volatility-adjusted bands provide valuable insights into support, resistance, and potential reversals or breakouts.
A.K Dynamic EMA/SMA / MTF S&R Zones Toolkit with AlertsThe A.K Dynamic EMA/SMA / MTF Support & Resistance Zones Toolkit is a powerful all-in-one technical analysis tool designed for traders who want a clean yet comprehensive market view. Whether you're scalping lower timeframes or swing trading higher timeframes, this indicator gives you both the structure and signals to take action with confidence.
Key Features:
✅ Customizable EMA/SMA Suite
Display key Exponential and Simple Moving Averages including 5, 9, 20, 50, 100, and 200 EMAs, plus optional 50 SMA for trend filtering. Each line can be toggled individually and color-customized.
✅ Multi-Timeframe Support & Resistance Zones
Automatically detects dynamic S/R zones on key timeframes (5min, 15min, 30min, 1H, 4H, 1D) using swing highs/lows. Zones are color-coded by strength and whether they're broken or active, providing a clear visual roadmap for price reaction levels.
✅ Zone Strength & Break Detection
Distinguishes between strong and weak zones based on price proximity and reaction depth, with visual shading and automatic label updates when a level is broken.
✅ Price Action-Based Buy/Sell Signals
Generates BUY signals when bullish candles react to strong support (supply) zones, and SELL signals when bearish candles react to strong resistance (demand) zones. All logic is adjustable — including candle body vs wick detection, tolerance range, and strength thresholds.
✅ Alerts Engine
Built-in TradingView alerts for price touching support/resistance or triggering buy/sell signals. Perfect for automation or hands-free monitoring.
✅ Optional Candle & Trend Filters
Highlight bullish/bearish candles visually for additional confirmation.
Optional RSI display and 50-period SMA trend filter to guide directional bias.
🧠 Use Case Scenarios:
Identify dynamic supply & demand zones across multiple timeframes.
Confirm trend direction with EMAs and SMA filters.
React quickly to clean BUY/SELL signals based on actual price interaction with strong zones.
Customize it fully to suit scalping, day trading, or swing trading strategies.
📌 Recommended Settings:
Use default zone transparency (65%) and offset (250 bars) for optimal visual clarity.
Enable alerts to get notified when price enters key S/R levels or when a trade signal occurs.
Combine this tool with your entry/exit plan for better decision-making under pressure.
💡 Pro Tip: Add this indicator to a clean chart and let the zones + EMAs guide your directional bias. Use alerts to avoid screen-watching and improve discipline.
Created by:
Version: Pine Script v6
Platform: TradingView
Psych Level ScreenerThis Script is intended for Pine Screener and is not designed as a indicator!!!
Pine Screener is something TradingView has recently added and is still only a Beta version.
Pine Screener itself is currently only available to members that are Premium and above.
What it does:
This screener will actively look for tickers that are close to Pysch level in your watchlist.
Psych level here refers to price levels that are round numbers such as 50,100,1000.
Users can specify the offset from a psych level (in %) and scanner will scan for tickers that are within the offset. For example if offset is set at 5% then it will scan for tickers that are within +/-5% of a ticker. (for $100 psych level it will scan for ticker in $95-105 range)
Once scan is completed you will be able to see:
- Current price of ticker
- Closest psych level for that ticker
- % and $ move required for it to hit that psych level
- Ticker's day range and Average range (with % of average range completed for the day)
- Ticker volume and average volume
Setting up:
www.tradingview.com
Above link will help you guide how to setup Pine screener.
Use steps below to guide you the setup for this specific screener:
1. Open Pine Screener (open new tab, select screener the "Pine")
2. At the top, click on "Choose Indicator" and select "Psych Level Screener"
3. At the top again, click "Indicator Psych Level Screener" and select settings.
4. Change setting to your needs. Hit Apply when done.
a)"% offset from Psych Level" will scan for any stocks in your watchlist which are +/- from the offset you chose for any given psych level. Default is 5. (e.g. If offset is 5%, it will scan for stocks that are between $95-$105 vs $100 psych level, $190-$210 for $200 psych level and so on)
b) ATR length is number of previous trading days you want to include in your calculation. Moving Average Type is calculation method.
c) Rvol length is number of previous trading days you want to include in your calculation.
5. On top left, click "Price within specified offset of Psych. Level" and select true. Then select "Scan" which is located at the top next to "Indicator Psych Level Screener". This will filter out all the stock that meets the condition.
6. At the end of the column on the right there is a "+" symbol. From there you can add/remove columns. 30min/1hr/4hr/1D Trend are disabled by default so if this is needed please enable them.
7. You can change the order of ticker by ascending and descending order of each column label if needed. Just click on the arrow that comes up when you move the cursor to any of the column items.
8. You can specify advanced filter settings based on the variables in the column. (e.g., set price range of stock to filter out further) To do so, click on the column variable name in interest, located above the screener table (or right below "scan") and select "manual setup".
How to read the column:
Current Price: Shows current price of the ticker when scan was done. Currently Pine Screener does NOT support pre/post-hours data so no PM and AH price.
Psych Level: Psych level the current price is near to.
% to Psych Level: Price movement in % necessary to get to the Psych level.
$ to Psych Level: Price movement in $ necessary to get to the Psych level.
DTR: Daily True Range of the stock. i.e. High - Low of the ticker on the day.
ATR: Average True Range of stock in the last x days, where x is a value selected in the setting. (See step 3 in Previous section)
DTR vs ATR: Amount of DTR a ticker has done in % with respect to ATR. (e.g., 90% means DTR is 90% of ATR)
Vol.: Volume of a ticker for the day. Currently Pine Screener does NOT support pre/post-hours data so no PM and AH volume.
Avg. Vol: Average volume of a ticker in the last x days, where x is a value selected in the setting. (See step 3 in Previous section)
Rvol: Relative volume in percentage, measured by the ratio of day's volume and average volume.
30min/1hr/4hr/1D Trend: Trend status to see if the chart is Bullish or Bearish on each of the time frame. Bullishness or Bearishness is defined by the price being over or under the 34/50 cloud on each of the time frame. Output of 1 is Bullish, -1 is Bearish. 0 means price is sitting inside the 34/50 cloud. Currently Pine Screener does NOT support pre/post-hours data so 34/50 cloud is based on regular trading hours data ONLY.
Some things user should be aware of:
- Pine Screener itself is currently only available to TradingView members with Premium Subscription and above. (I can't to anything about this as this is NOT set by me, I have no control) For more info: www.tradingview.com
- The Pine Screener itself is a Beta version and this screener can stop working anytime depending on changes made by TradingView themselves. (Again I cannot control this)
- Pine Screener can only run on Watchlists for now. (as of 03/31/2025) You will have to prepare your own watchlists. In a Watchlist no more than 1000 tickers may be added. (This is TradingView rules)
- Psych level included are currently 50 to 1500 in steps of 50. If you need a specific number please let me know. Will add accordingly.
- Unfortunately this screener does not update automatically, so please hit "scan" to get latest screener result.
- I cannot add 10min trend to the column as Pine Screener does NOT support 10min timeframe as of now. (03/31/2025)
- This code is only meant for Pine Screener. I do NOT recommend using this as an indicator.
- Currently Pine Screener does NOT support pre/post-hours data. So data such as Price, Volume and EMA values are based on market hours data ONLY! (If I'm wrong about this please correct me / let me know and will make look into and make changes to the code)
Other useful links about Pine Screener:
Quick overview of the Screener’s functionality: www.tradingview.com
what do you need to know before you start working? : www.tradingview.com
These links will go over the setting up with GIFs so is easier to understand.
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If there are other column variables that you think is worth adding please let me know! Will try add it to the screener!
If you have any questions let me know as well, will reply soon as I can!
Have a good trading day and hope it helps!
Custom Gold Pivot LevelsThis indicator plots custom resistance and support levels based on a central Ziro Pivot Level. The levels are adjusted dynamically based on whether you're preparing for a Buy or Sell trade. The script allows you to set percentage-based levels for both resistance and support, making it a versatile tool for traders.
Features:
Pivot Level: Set the central pivot level (Ziro Pivot) around which resistance and support levels are calculated.
Dynamic Resistance & Support Levels: Input your preferred percentages for Resistance 1, Resistance 2, Support 1 , and Support 2 .
For Buy: Resistance levels are higher, and support levels are lower.
For Sell: Resistance levels are adjusted lower, and support levels are adjusted higher.
Label Display: The indicator will display a Buy label in green above the pivot level or a Sell label in red below the pivot level, depending on the trade type you select.
Adjustable Parameters:
Ziro Pivot Level: Set the central pivot level.
Resistance & Support Levels: Adjust resistance and support levels using percentages.
Trade Type: Choose between "Buy" and "Sell" to dynamically adjust resistance and support levels.
Inputs:
1- Trade Type: Select between Buy or Sell to set the relevant resistance and support levels.
Ziro Pivot Level: Set the main pivot level around which all other levels are calculated.
Resistance Level 1 & 2: Input percentages for Resistance 1 and Resistance 2.
Support Level 1 & 2: Input percentages for Support 1 and Support 2.
How to Use:
1- Select "Buy" or "Sell" from the input options.
For Buy: The indicator will plot higher resistance levels and lower support levels.
For Sell: The indicator will plot lower resistance levels and higher support levels.
2- Adjust the Pivot Level: Set the central pivot level for the levels to be calculated around.
3- Adjust the Resistance & Support Percentages: Modify the resistance and support levels to fit your trading strategy.
4- Visual Feedback: The indicator will show a Buy label in green above the pivot level or a Sell label in red below the pivot level, making it easy to identify the trade direction at a glance.
Use Cases:
Gold & Commodity Trading: This tool is particularly useful for traders working with commodities like gold, where pivot levels can help determine potential price action points.
Swing & Day Trading: The dynamic nature of this indicator makes it great for both swing and day traders who want to monitor short-term market movements.
Support and Resistance Strategy: Traders who rely on support and resistance levels to make buy/sell decisions can use this indicator to automate and visualize these levels more effectively.
Highest High Line with Multi-Timeframe Supertrend and RSIOverview:
This powerful indicator combines three essential elements for traders:
Highest High Line – Tracks the highest price over a customizable lookback period across different timeframes.
Multi-Timeframe Supertrend – Displays Supertrend values and trend directions for multiple timeframes simultaneously.
Relative Strength Index (RSI) – Shows RSI values across different timeframes for momentum analysis.
Features:
✅ Customizable Highest High Line:
Selectable timeframes: Daily, Weekly, Monthly, Quarterly, Yearly
Adjustable lookback period
✅ Multi-Timeframe Supertrend:
Supports 1min, 5min, 10min, 15min, 30min, 1H, Daily, Weekly, Monthly, Quarterly, Yearly
ATR-based calculation with configurable ATR period and multiplier
Identifies bullish (green) & bearish (red) trends
✅ Multi-Timeframe RSI:
Calculates RSI for the same timeframes as Supertrend
Overbought (≥70) and Oversold (≤30) signals with color coding
✅ Comprehensive Table Display:
A clean, structured table in the bottom-right corner
Displays Supertrend direction, value, and RSI for all timeframes
Helps traders quickly assess trend and momentum alignment
How to Use:
Use the Highest High Line to identify key resistance zones.
Confirm trend direction with Multi-Timeframe Supertrend.
Check RSI values to avoid overbought/oversold conditions before entering trades.
Align multiple timeframes for stronger confirmation of trend shifts.
Ideal For:
✅ Scalpers (lower timeframes: 1m–30m)
✅ Swing Traders (higher timeframes: 1H–D)
✅ Position Traders (Weekly, Monthly, Quarterly)
💡 Tip: Look for Supertrend & RSI confluence across multiple timeframes for higher probability setups.
Min-Max | Buy-Sell Alert with LevelsMin-Max | Buy-Sell Alert with Levels
Description:
The Min-Max | Buy-Sell Alert with Levels indicator is a powerful tool designed to help traders identify key levels of support and resistance based on the previous day's high and low prices. It plots horizontal lines for the previous day's minimum (Min) and maximum (Max) prices, along with four intermediate levels (Stop Loss 1 to Stop Loss 4) calculated as equal percentage steps between the Min and Max.
This indicator is perfect for traders who want to:
Identify potential entry points when the price returns within the Min-Max range.
Set stop-loss levels based on the calculated intermediate levels.
Receive alerts for buy, sell, and stop-loss conditions.
Key Features:
Previous Day's Min and Max Lines:
Automatically plots the Min (red line) and Max (green line) of the previous day.
These levels act as dynamic support and resistance zones.
Intermediate Stop Loss Levels:
Calculates and plots four intermediate levels (Stop Loss 1 to Stop Loss 4) between the Min and Max.
Each level is equally spaced, representing potential stop-loss or take-profit zones.
Customizable Alerts:
Buy Alert: Triggered when the price returns within the Min-Max range after breaking below the Min.
Sell Alert: Triggered when the price returns within the Min-Max range after breaking above the Max.
Stop Loss Alerts: Triggered when the price reaches any of the four intermediate levels (Stop Loss 1 to Stop Loss 4).
Customizable Appearance:
Adjust the thickness, color, and style (solid, dashed, dotted) of the lines.
Customize the colors of the Stop Loss labels for better visualization.
Labels on the Chart:
Displays "Buy" and "Sell" labels on the chart when the respective conditions are met.
Labels for Stop Loss levels are also displayed for easy reference.
How to Use:
Add the indicator to your chart.
Customize the settings (line colors, thickness, and alert preferences) in the indicator's settings panel.
Use the Min and Max lines as dynamic support and resistance levels.
Monitor the intermediate levels (Stop Loss 1 to Stop Loss 4) for potential stop-loss or take-profit zones.
Set up alerts for Buy, Sell, and Stop Loss conditions to stay informed about key price movements.
Why Use This Indicator?
Simple and Effective: Focuses on the most important levels from the previous day.
Customizable: Tailor the indicator to match your trading style and preferences.
Alerts: Never miss a trading opportunity with customizable alerts for key conditions.
Settings:
Line Thickness: Adjust the thickness of the Min, Max, and intermediate lines.
Line Colors: Customize the colors of the Min, Max, and intermediate lines.
Line Style: Choose between solid, dashed, or dotted lines.
Stop Loss Label Colors: Customize the colors of the Stop Loss labels.
Alerts: Enable or disable alerts for Buy, Sell, and Stop Loss conditions.
Ideal For:
Day traders and swing traders.
Traders who rely on support and resistance levels.
Anyone looking for a clear and customizable tool to identify key price levels.
Disclaimer:
This indicator is for educational and informational purposes only. It does not constitute financial advice. Always conduct your own analysis and trade responsibly.
Get Started Today!
Add the Min-Max | Buy-Sell Alert with Levels indicator to your chart and take your trading to the next level. Customize it to fit your strategy and never miss a key trading opportunity again!
Order Blocks-[B.Balaei]Order Blocks -
**Description:**
The Order Blocks - indicator is a powerful tool designed to identify and visualize Order Blocks on your chart. Order Blocks are key levels where significant buying or selling activity has occurred, often acting as support or resistance zones. This indicator supports multiple timeframes (MTF), allowing you to analyze Order Blocks from higher timeframes directly on your current chart.
**Key Features:**
1. **Multi-Timeframe Support**: Choose any timeframe (e.g., Daily, Weekly) to display Order Blocks from higher timeframes.
2. **Customizable Sensitivity**: Adjust the sensitivity to detect more or fewer Order Blocks based on market conditions.
3. **Bullish & Bearish Order Blocks**: Clearly distinguishes between bullish (green) and bearish (red) Order Blocks.
4. **Alerts**: Get notified when price enters a Bullish or Bearish Order Block zone.
5. **Customizable Colors**: Personalize the appearance of Order Blocks to match your chart style.
**How to Use:**
1. Add the indicator to your chart.
2. Select your desired timeframe from the "Multi-Timeframe" settings.
3. Adjust the sensitivity and colors as needed.
4. Watch for Order Blocks to form and use them as potential support/resistance levels.
**Ideal For:**
- Swing traders and position traders looking for key levels.
- Traders who use multi-timeframe analysis.
- Anyone interested in understanding market structure through Order Blocks.
**Note:**
This indicator is for educational and informational purposes only. Always conduct your own analysis before making trading decisions.
**Enjoy trading with Order Blocks - !**
Fixed Range LevelsThis indicator draws horizontal price levels on your chart based on a starting price and a range size that you define. It can also draw midpoint lines between the main levels if enabled.
Here's a breakdown of its functionality:
Key Features:
Starting Price:
You define a starting price (e.g., 21630).
The indicator calculates a corrected base price by rounding the starting price to the nearest multiple of the range size.
Range Size:
You define a range size (e.g., 71).
The indicator draws horizontal lines at intervals of the range size above and below the corrected base price.
Dual Ranges:
You can define two range sizes (e.g., 71 and 29).
The indicator can draw levels for both ranges simultaneously or individually, depending on your settings.
Midpoint Lines:
If enabled, the indicator draws midpoint lines between the main levels.
For example, if the main levels are at 21584 and 21655, the midpoint line will be at 21619.5.
Customizable Styles:
You can customize the line style (solid, dotted, dashed) and color for both the main levels and midpoint lines.
Dynamic Levels:
The levels are recalculated and redrawn dynamically based on the starting price and range size.
How It Works:
Corrected Base Price Calculation:
The indicator calculates the corrected base price using the formula:
pinescript
Copy
correctedBasePrice = math.floor(startingPrice / rangeSize) * rangeSize
For example, if startingPrice = 21630 and rangeSize = 71:
Copy
correctedBasePrice = math.floor(21630 / 71) * 71 = 304 * 71 = 21584
Drawing Levels:
The indicator draws horizontal lines at intervals of the range size above and below the corrected base price.
For example, if rangeSize = 71 and maxLevels = 5, the levels will be drawn at:
Copy
21584 - (5 * 71) = 21249
21584 - (4 * 71) = 21320
...
21584 + (5 * 71) = 21939
Midpoint Lines:
If enabled, the indicator draws midpoint lines between the main levels.
For example, if the main levels are at 21584 and 21655, the midpoint line will be at:
Copy
(21584 + 21655) / 2 = 21619.5
Dual Ranges:
If you enable both ranges, the indicator will draw levels for both range sizes simultaneously.
For example, if rangeSize1 = 71 and rangeSize2 = 29, the indicator will draw two sets of levels:
Levels at intervals of 71 (e.g., 21584, 21655, 21726, ...).
Levels at intervals of 29 (e.g., 21634, 21663, 21692, ...).
Example Use Case:
Imagine you're trading a stock or cryptocurrency, and you want to identify key support and resistance levels based on a specific price range. Here's how you can use this indicator:
Set the Starting Price:
For example, if the current price is 21630, you can set this as the starting price.
Define the Range Size:
If you believe the price moves in increments of 71, set rangeSize1 = 71.
If you also want to track smaller increments of 29, set rangeSize2 = 29.
Enable Midpoint Lines:
If you want to see the midpoint between the main levels, enable Show Midpoint Line.
Customize Line Styles:
Choose different colors and styles for the main levels and midpoint lines to make them visually distinct.
Analyze the Chart:
The indicator will draw horizontal lines at the specified intervals, helping you identify potential support, resistance, and midpoint levels.
Why Is This Useful?
Support and Resistance Levels:
The horizontal lines act as dynamic support and resistance levels based on the range size you define.
Price Targets:
You can use the levels to identify potential price targets or areas where the price might reverse.
Midpoint Analysis:
The midpoint lines can help you identify areas of consolidation or potential breakout points.
Flexibility:
You can customize the range sizes, colors, and styles to suit your trading strategy.
Summary:
This indicator is a powerful tool for traders who want to visualize price levels and midpoints based on a specific range size. It helps you identify key levels for support, resistance, and potential price targets, making it easier to plan your trades.
dynamic support and resistance v3**Automatic Multi-Timeframe & Dynamic Support/Resistance Indicator**
This indicator automatically identifies and plots key Support and Resistance levels across multiple timeframes (1H, 4H, Daily) and dynamically adapts to the chart's current timeframe. It provides a comprehensive view of potential price reversal zones, helping traders make more informed decisions.
**Key Features:**
* **Multi-Timeframe Analysis:** Automatically calculates and displays Support and Resistance levels derived from the 1-hour, 4-hour, and Daily timeframes. This allows you to see the bigger picture and anticipate potential price reactions at significant levels. Levels from higher timeframes are often stronger.
* **Dynamic Support & Resistance:** Beyond the fixed timeframe levels, the indicator also dynamically calculates and plots Support and Resistance based on the *currently visible* timeframe of your chart. This ensures you always have relevant levels, regardless of whether you're zoomed in on a 1-minute chart or looking at a weekly view. This dynamic calculation adapts to changing market conditions.
* **Combined View:** All identified Support and Resistance levels (from all timeframes) are plotted on the same chart. This gives you a clear and concise overview of potential areas of interest, simplifying your analysis. Different colors or styles can be used to distinguish between timeframes (e.g., Daily levels could be thicker lines, 4H thinner, and 1H dashed).
* **Customizable:** (Optional - Mention if you offer customization) The indicator may include customizable settings, such as:
* Lookback period for dynamic S/R calculation.
* Strength/sensitivity adjustments for identifying levels.
* Color and style customization for different timeframes.
* Option to toggle visibility of specific timeframe levels.
**Benefits:**
* **Saves Time:** No more manually drawing Support and Resistance lines. The indicator does the work for you.
* **Improved Accuracy:** The automated calculations can help identify key levels that might be missed by manual analysis.
* **Enhanced Visualization:** Seeing all relevant S/R levels on one chart provides a clearer picture of potential price action.
* **Adaptable to Any Timeframe:** Whether you're a scalper or a long-term investor, the dynamic S/R adapts to your trading style.
**How to Use:**
Simply add the indicator to your TradingView chart. The Support and Resistance levels will be automatically calculated and displayed. Use these levels to identify potential entry and exit points, stop-loss placements, and areas where price might encounter resistance or find support.
**Disclaimer:**
This indicator is for informational and educational purposes only. It should not be considered financial advice. Trading involves risk, and you should always do your own research before making any investment decisions. Past performance is not indicative of future results.
VWAP Fibonacci Bands (Zeiierman)█ Overview
The VWAP Fibonacci Bands is a sophisticated yet user-friendly indicator designed to assist traders in visualizing market trends, volatility, and potential support/resistance levels. Developed by Zeiierman, this tool integrates the MIDAS (Market Interpretation Data Analysis System) methodology with Standard Deviation Bands and user-defined Fibonacci levels to provide a comprehensive market analysis framework.
This indicator is built for traders who want a dynamic and customizable approach to understanding market movements, offering features that adapt to varying market conditions. Whether you're a scalper, swing trader, or long-term investor.
█ How It Works
⚪ Anchor Point System
The indicator begins its calculations based on an anchor point, which can be set to:
A specific date for historical analysis or alignment with significant market events.
A timeframe-based reset, dynamically restarting calculations at the beginning of each selected period (e.g., daily, weekly, or monthly).
This dual-anchor method ensures flexibility, allowing the indicator to align with various trading strategies.
⚪ MIDAS Calculation
The MIDAS calculation is central to this indicator. It uses cumulative price and volume data to compute a volume-weighted average price (VWAP), offering a trendline that reflects the true value weighted by trading activity.
⚪ Standard Deviation Bands
The upper and lower bands are calculated using the standard deviation of price movements around the MIDAS line.
⚪ Fibonacci Levels
User-defined Fibonacci ratios are used to plot additional support and resistance levels between the bands. These levels provide visual cues for potential price reversals or trend continuations.
█ How to Use
⚪ Trend Identification
Uptrend: The price remains above the MIDAS line.
Downtrend: The price stays below the MIDAS line and aligns with the lower bands.
⚪ Support and Resistance
The upper and lower bands act as support and resistance levels.
Fibonacci levels provide intermediate zones for potential price reversals.
⚪ Volatility Analysis
Wider bands indicate periods of high volatility.
Narrower bands suggest low-volatility conditions, often preceding breakouts.
⚪ Overbought/Oversold Conditions
Look for the price beyond the upper or lower bands to identify extreme conditions.
█ Settings
Set Anchor Method
Anchor Method: Choose between Timeframe or Date to define the starting point of calculations.
Anchor Timeframe: For Timeframe mode, specify the interval (e.g., Daily, Weekly).
Anchor Date: For Date mode, set the exact starting date for historical alignment.
Set Std Dev Multiplier
Controls the width of the bands:
Higher values widen the bands, filtering out minor fluctuations.
Lower values tighten the bands for more responsive analysis.
Set Fibonacci Levels
Define custom Fibonacci ratios (e.g., 0.236, 0.382) to plot intermediate levels between the bands.
█ Tips for Fine-Tuning
⚪ For Trend Trading:
Use higher Std Dev Multipliers to focus on long-term trends and avoid noise. Adjust Anchor Timeframe to Weekly or Monthly for broader trend analysis.
⚪ For Reversal Trading:
Tighten the bands with a lower Std Dev Multiplier.
Use shorter anchor timeframes for intraday reversals (e.g., Hourly).
⚪ For Volatile Markets:
Increase the Std Dev Multiplier to accommodate wider price swings.
⚪ For Quiet Markets:
Decrease the Std Dev Multiplier to highlight smaller fluctuations.
-----------------
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!
Fibonacci Time-Price Zones🟩 Fibonacci Time-Price Zones is a chart visualization tool that combines Fibonacci ratios with time-based and price-based geometry to analyze market behavior. Unlike typical Fibonacci indicators that focus solely on horizontal price levels, this indicator incorporates time into the analysis, providing a more dynamic perspective on price action.
The indicator offers multiple ways to visualize Fibonacci relationships. Drawing segmented circles creates a unique perspective on price action by incorporating time into the analysis. These segmented circles, similar to TradingView's built-in Fibonacci Circles, are derived from Fibonacci time and price levels, allowing traders to identify potential turning points based on the dynamic interaction between price and time.
As another distinct visualization method, the indicator incorporates orthogonal patterns, created by the intersection of horizontal and vertical Fibonacci levels. These intersections form L-shaped connections on the chart, derived from key Fibonacci price and time intervals, highlighting potential areas of support or resistance at specific points in time.
In addition to these geometric approaches, another option is sloped lines, which project Fibonacci levels that account for both time and price along the trendline. These projections derive their angles from the interplay between Fibonacci price levels and Fibonacci time intervals, creating dynamic zones on the chart. The slope of these lines reflects the direction and angle of the trend, providing a visual representation of price alignment with market direction, while maintaining the time-price relationship unique to this indicator
The indicator also includes horizontal Fibonacci levels similar to traditional retracement and extension tools. However, unlike standard tools, traders can display retracement levels, extension levels, or both simultaneously from a single instance of the indicator. These horizontal levels maintain consistency with the chosen visualization method, automatically scaling and adapting whether used with circles, orthogonal patterns, or slope-based analysis.
By combining these distinct methods—circles, orthogonal patterns, sloped projections, and horizontal levels—the indicator provides a comprehensive approach to Fibonacci analysis based on both time and price relationships. Each visualization method offers a unique perspective on market structure while maintaining the core principle of time-price interaction.
⭕ THEORY AND CONCEPT ⭕
While traditional Fibonacci tools excel at identifying potential support and resistance levels through price-based ratios (0.236, 0.382, 0.618), they do not incorporate the dimension of time in market analysis. Extensions and retracements effectively measure price relationships within trends, yet markets move through both price and time dimensions simultaneously.
Fibonacci circles represent an evolution in technical analysis by incorporating time intervals alongside price levels. Based on the mathematical principle that markets often move in circular patterns proportional to Fibonacci ratios, these circles project potential support and resistance zones as partial circles radiating from significant price points. However, traditional circle-based tools can create visual complexity that obscures key market relationships. The integration of time into Fibonacci analysis reveals how price movements often respect both temporal and price-based ratios, suggesting a deeper geometric structure to market behavior.
The Fibonacci Time-Price Zones indicator advances these concepts by providing multiple geometric approaches to visualize time-price relationships. Each shape option—circles, orthogonal patterns, slopes, and horizontal levels—represents a different mathematical perspective on how Fibonacci ratios manifest across both dimensions. This multi-faceted approach allows traders to observe how price responds to Fibonacci-based zones that account for both time and price movements, potentially revealing market structure that purely price-based tools might miss.
Shape Options
The indicator employs four distinct geometric approaches to analyze Fibonacci relationships across time and price dimensions:
Circular : Represents the cyclical nature of market movements through partial circles, where each radius is scaled by Fibonacci ratios incorporating both time and price components. This geometry suggests market movements may follow proportional circular paths from significant pivot points, reflecting the harmonic relationship between time and price.
Orthogonal : Constructs L-shaped patterns that separate the time and price components of Fibonacci relationships. The horizontal component represents price levels, while the vertical component measures time intervals, allowing analysis of how these dimensions interact independently at key market points.
Sloped : Projects Fibonacci levels along the prevailing trend, incorporating both time and price in the angle of projection. This approach suggests that support and resistance levels may maintain their relationship to price while adjusting to the temporal flow of the market.
Horizontal : Provides traditional static Fibonacci levels that serve as a reference point for comparing price-only analysis with the dynamic time-price relationships shown in the other three shapes. This baseline approach allows traders to evaluate how the incorporation of time dimension enhances or modifies traditional Fibonacci analysis.
By combining these geometric approaches, the Fibonacci Time-Price Zones indicator creates a comprehensive analytical framework that bridges traditional and advanced Fibonacci analysis. The horizontal levels serve as familiar reference points, while the dynamic elements—circular, orthogonal, and sloped projections—reveal how price action responds to temporal relationships. This multi-dimensional approach enables traders to study market structure through various geometric lenses, providing deeper insights into time-price symmetry within technical analysis. Whether applied to retracements, extensions, or trend analysis, the indicator offers a structured methodology for understanding how markets move through both price and time dimensions.
🛠️ CONFIGURATION AND SETTINGS 🛠️
The Fibonacci Time-Price Zones indicator offers a range of configurable settings to tailor its functionality and visual representation to your specific analysis needs. These options allow you to customize zone visibility, structures, horizontal lines, and other features.
Important Note: The indicator's calculations are anchored to user-defined start and end points on the chart. When switching between charts with significantly different price scales (e.g., from Bitcoin at $100,000 to Silver at $30), adjustment of these anchor points is required to ensure correct positioning of the Fibonacci elements.
Fibonacci Levels
The indicator allows users to customize Fibonacci levels for both retracement and extension analysis. Each level can be individually configured with the following options:
Visibility : Toggle the visibility of each level to focus on specific areas of interest.
Level Value : Set the Fibonacci ratio for the level, such as 0.618 or 1.000, to align with your analysis needs.
Color : Customize the color of each level for better visual clarity.
Line Thickness : Adjust the line thickness to emphasize critical levels or maintain a cleaner chart.
Setup
Zone Type : Select which Fibonacci zones to display:
- Retracement : Shows potential pull back levels within the trend
- Extension : Projects levels beyond the trend for potential continuation targets
- Both : Displays both retracement and extension zones simultaneously
Shape : Choose from four visualization methods:
- Circular : Time-price based semicircles centered on point B
- Orthogonal : L-shaped patterns combining time and price levels
- Sloped : Trend-aligned projections of Fibonacci levels
- Horizontal : Traditional horizontal Fibonacci levels
Visual Settings
Fill % : Adjusts the fill intensity of zones:
0% : No fill between levels
100% : Maximum fill between levels
Lines :
Trendline : The base A-B trend with customizable color
Extension : B-C projection line
Retracement : B-D pullback line
Labels :
Points : Show/hide A, B, C, D markers
Levels : Show/hide Fibonacci percentages
Time-Price Points
Set the time and price for the points that define the Fibonacci zones and horizontal levels. These points are defined upon loading the chart. These points can be configured directly in the settings or adjusted interactively on the live chart.
A and B Points : These user-defined time and price points determine the basis for calculating the semicircles and Fibonacci levels. While the settings panel displays their exact values for fine-tuning, the easiest way to modify these points is by dragging them directly on the chart for quick adjustments.
Interactive Adjustments : Any changes made to the points on the chart will automatically synchronize with the settings panel, ensuring consistency and precision.
🖼️ CHART EXAMPLES 🖼️
Fibonacci Time-Price Zones using the 'Circular' Shape option. Note the price interaction at the 0.786 level, which acts as a support zone. Additional points of interest include resistance near the 0.618 level and consolidation around the 0.5 level, highlighting the utility of both horizontal and semicircular Fibonacci projections in identifying key price areas.
Fibonacci Time-Price Zones using the 'Sloped' Shape option. The chart displays price retracing along the sloped Fibonacci levels, with blue arrows highlighting potential support zones at 0.618 and 0.786, and a red arrow indicating potential resistance at the 1.0 level. This visual representation aligns with the prevailing downtrend, suggesting potential selling pressure at the 1.0 Fibonacci level.
Fibonacci Time-Price Zones using the 'Orthogonal' Shape option. The chart demonstrates price action interacting with vertical zones created by the orthogonal lines at the 0.618, 0.786, and 1.0 Fibonacci levels. Blue arrows highlight potential support areas, while red arrows indicate potential resistance areas, revealing how the orthogonal lines can identify distinct points of price interaction.
Fibonacci Time-Price Zones using the 'Circular' Shape option. The chart displays price action in relation to segmented circles emanating from the starting point (point A). The circles represent different Fibonacci ratios (0.382, 0.5, 0.618, 0.786) and their intersections with the price axis create potential zones of support and resistance. This approach offers a visually distinct way to analyze potential turning points based on both price and time.
Fibonacci Time-Price Zones using the 'Sloped' Shape option. The sloped Fibonacci levels (0.786, 0.618, 0.5) create zones of potential support and resistance, with price finding clear interaction within these areas. The ellipses highlight this price action, particularly the support between 0.786 and 0.618, which aligns closely with the trend.
Fibonacci Time-Price Zones using the 'Circular' Shape option. The price action appears to be ‘hugging’ the 0.5 Fibonacci level, suggesting potential resistance. This demonstrates how the circular zones can identify potential turning points and areas of consolidation which might not be seen with linear analysis.
Fibonacci Time-Price Zones using the 'Sloped' Shape option with Point D marker enabled. The chart demonstrates clear price action closely following along the sloped Retracement line until the orthogonal intersection at the 0.618 levels where the trend is broken and price dips throughout the 0.618 to 0.786 horizontal zone. Price jumps back to the retracement slope at the start of the 0.786 horizontal zone and continues to the 1.0 horizontal zone. The aqua-colored retracement line is enabled to further emphasize this retracement slope .
Geometric validation using TradingView's built-in Fibonacci Circle tool (overlaid). The alignment at the 0.5 and 1.0 levels demonstrates the indicator's consistent approximation of Fibonacci Circles.
Comparison of Fibonacci Time-Price Zones (Shape: Horizontal) with TradingView's Built-in Retracement and Extension Tools (overlaid): This example demonstrates how the Horizontal structure aligns with TradingView’s retracement and extension levels, allowing users to integrate multiple tools seamlessly. The Fibonacci circle connects retracement and extension zones, highlighting the potential relationship between past retracements and future extensions.
📐 GEOMETRIC FOUNDATIONS 📐
This indicator integrates circular and straight representations of Fibonacci levels, specifically the Circular , Orthogonal , Sloped , and Horizontal shape options. The geometric principles behind these shapes differ significantly, requiring distinct scaling methods for accurate representation. The Circular shape employs logarithmic scaling with radial expansion, where the distance from a central point determines the level's position, creating partial circles that align with TradingView's built-in Fibonacci Circle tool. The other three shapes utilize geometric progression scaling for linear extension from a starting point, resulting in straight lines that align with TradingView's built-in Fibonacci retracement and extension tools. Due to these distinct geometric foundations and scaling methods, perfectly aligning both the partial circles and straight lines simultaneously is mathematically constrained, though any differences are typically visually imperceptible.
The Circular shape's partial circles are calculated and scaled to align with TradingView's built-in Fibonacci Circles. These circles are plotted from the second swing point onward. This approach ensures consistent and accurate visualization across all market types, including those with gaps or closed sessions, which unlike 24/7 markets, do not have a direct one-to-one correspondence between bar indices and time. To maintain accurate geometric proportions across varying chart scales, the indicator calculates an aspect ratio by normalizing the proportional difference between vertical (price) and horizontal (time) distances of the swing points. This normalization factor ensures geometric shapes maintain their mathematical properties regardless of price scale magnitude or time period span, while maintaining the correct proportions of the geometric constructions at any chart zoom level.
The indicator automatically applies the appropriate scaling factor based on the selected shape option, optimizing either circular proportions and proper radius calculations for each Fibonacci level, or straight-line relationships between Fibonacci levels. These distinct scaling approaches maintain mathematical integrity while preserving the essential characteristics of each geometric representation, ensuring optimal visualization accuracy whether using circular or linear shapes.
⚠️ DISCLAIMER ⚠️
The Fibonacci Time-Price Zones indicator is a visual analysis tool designed to illustrate Fibonacci relationships through geometric constructions incorporating both curved and straight lines, providing a structured framework for identifying potential areas of price interaction. It is not intended as a predictive or standalone trading signal indicator.
The indicator calculates levels and projections using user-defined anchor points and Fibonacci ratios. While it aims to align with TradingView’s Fibonacci extension, retracement, and circle tools by employing mathematical and geometric formulas, no guarantee is made that its calculations are identical to TradingView's proprietary methods.
Like all technical and visual indicators, these visual representations may visually align with key price zones in hindsight, reflecting observed price dynamics. However, these visualizations are not standalone signals for trading decisions and should be interpreted as part of a broader analytical approach.
This indicator is intended for educational and analytical purposes, complementing other tools and methods of market analysis. Users are encouraged to integrate it into a comprehensive trading strategy, customizing its settings to suit their specific needs and market conditions.
🧠 BEYOND THE CODE 🧠
The Fibonacci Time-Price Zones indicator is designed to encourage both education and community engagement. By integrating time-sensitive geometry with Fibonacci-based frameworks, it bridges traditional grid-based analysis with dynamic time-price relationships. The inclusion of semicircles, horizontal levels, orthogonal structures, and sloped trends provides users with versatile tools to explore the interaction between price movements and temporal intervals while maintaining clarity and adaptability.
As an open-source tool, the indicator invites exploration, experimentation, and customization. Whether used as a standalone resource or alongside other technical strategies, it serves as a practical and educational framework for understanding market structure and Fibonacci relationships in greater depth.
Your feedback and contributions are essential to refining and enhancing the Fibonacci Time-Price Zones indicator. We look forward to the creative applications, adaptations, and insights this tool inspires within the trading community.
[TheMandalor] Invert or Mirror Chart SUPPORT RESSISTANTThis is a new idea to find supports and resistant’s for any charts.
What is the concept of this indicator:
1. It is used close and inverted it on chart
2. When the real chart and the inverted chart is crossing together several times, this point will be important on this concept that means the price will care about this point again and again.
3. When you draw a horizontal line as support and resistance check it with this indicator too, if your support and resistance is touched with inverted chart, it will be more important than normal support/ resistance.
4. This indicator has plot candle too, it means you can compare regular chart with the inverted one at same time if you need.
Here is the steps:
1. When you add the indicator to your chart it will add your ticker as inverted.
2. Change your chart type to line chart.
3. Fix your scale in both sides left and right (the indicator's side is on the left).
4. Now you must have two type of line charts, one is yours (The blue one) and one is plotted with this indicator (The purple one).
5. Draw a horizontal line where these two lines have more crossing at the middle of chart, this line will be a powerful line later.
6. Find other more crossed points and draw horizontal line for them too.
7. Now you can see these indicator's support and resistant’s, now you can remove the indicator and watch how the price will touch, reverse, or stay on your new type of support and resistant’s lines.
PS: I have added candle plotting too if you need it.
Original Keltner with Support And ResistanceThis indicator is based on the original Keltner Channels using typical price and calculating the 10 period average of high - low
Typical price = (high + low + close)/3
In this case, I've taken Typical price as (open + high + low + close)/4 on the advice of John Bollinger from his book Bollinger on Bollinger Bands.
Buy Line = 10 Period Typical Price Average + 10 Period Average of (High - Low)
Sell Line = 10 Period Typical Price Average - 10 Period Average of (High - Low)
This is the basis for the indicator. I've added the highest of the Buy Line and lowest of the Sell Line for the same period which acts as Support and Resistance.
If price is trending below the Lowest of Sell Line, take only sell trades and the Lowest Line acts as resistance.
If price is trending above the Highest of Buy Line, take only buy trades and the Highest Line acts as support.
IQ Zones [TradingIQ]Hey Traders!
Introducing "IQ Zones".
"IQ Zones" is an indicator that combines support and resistance identification with volume, the "value area" of a candlestick to be exact. IQ Zones identifies turning points in the market; however, the candlestick high or low that formed the key turning point is not necessarily distinguished as the support/resistance area. Instead, the script looks into the bar at lower timeframes and calculates the value area of the candlestick that formed the support or resistance level. Therefore, any lines protruding from a candlestick reflect the value area of that candlestick. These levels (value area high and value area low) are marked on the candlestick as a support/resistance level. If the level formed on high volume it's marked as an "IQ Zone".
Additionally, IQ Zones presents a heat map to show volume intensity at nearby price areas. The heatmap is a product of the Volume Profile (IQ Profile) located on the right of the chart.
The IQ Profile is a segmented volume profile. Recent price is split into fifths (customizable), and individual volume profiles are calculated for all segmented price areas. Price is split into more than one segment to avoid a situation where volume in a ranging price zone far surpasses all other recent price areas - creating an "unusable" volume profile that doesn't offer helpful insights. If desired, you can set the segmenting option to "1" to calculate one unified volume profile for the entire price range.
The image above shows IQ Zones in action!
Core Features of IQ Zones
Value Area Support and Resistance Levels
Segmented volume profile for the recent trading period
Volume intensity heatmap
Support and resistance levels in high volume intensity may be more significant as price stoppers
The image above explains the labels marked along the y-axis of the IQ Profile.
The "more green" a price area/label is, the higher the volume intensity at the marked support/resistance area.
The image above further explains line lines protruding from the IQ Profile.
For this example, the value area of the candlestick (where most trading action occurred) is quite far from the high price of the candlestick that formed a resistance level! Using the value area of a candlestick that marks a key turning point to draw support/resistance offers insight into where the majority of trading action took place when the support/resistance level was forming!
Additionally, you can hover your mouse over the IQ Zone labels (triangles pointing up or down) to see the prices of the value area for the support/resistance level, including the total buying volume and total selling volume at the price area!
The image above further explains the IQ Profile!
You can segment the recent price area anywhere from 1 - 15 times.
The image above further explains IQ Zones and the IQ Profile!
That will be all for this indicator - a fun project to share with the community.
Thank you!
5-0 Harmonic Pattern [TradingFinder] 0XABCD 50 Harmonic Detector🔵 Introduction
Harmonic patterns are a powerful tool in technical analysis, widely used to detect reversal points and trend changes. Among these, the 5-0 Harmonic Pattern stands out due to its reliance on specific Fibonacci ratios—1.13, 1.618, 2.24, and 0.45 to 0.55—anchored at points 0, X, A, B, C, and D. This pattern provides a structured approach for identifying critical buy and sell points, helping traders achieve optimal entry and exit levels in volatile markets.
This 5-0 Harmonic Pattern indicator automatically detects and marks bullish and bearish formations on the chart, offering precise trading signals based on established harmonic ratios. With its dynamic signals, the 5-0 pattern enables traders to anticipate market movements and capitalize on favorable price trends.
Especially in fast-moving markets, harmonic patterns, particularly the 5-0 Harmonic Pattern, equip traders with an essential framework for identifying reversal opportunities and refining their trading strategies.
Bullish 5-0 Pattern :
Bearish 5-0 Pattern :
🔵 How to Use
The 5-0 Harmonic Pattern indicator is designed to automatically mark the key levels of the harmonic structure: 0, X, A, B, C, and D. By doing so, it detects both bullish and bearish patterns and helps traders recognize optimal entry and exit points.
Formed through specific Fibonacci levels, this pattern signals potential shifts in trend direction, giving traders critical insights for managing entries and exits effectively. The tool proves valuable in high-volatility settings, enabling traders to leverage these signals for refined decision-making.
🟣 Bullish 5-0 Pattern
A bullish 5-0 pattern materializes when Fibonacci levels indicate a potential price reversal to the upside. With points 0, X, A, B, C, and D in alignment, the indicator highlights this upward momentum by displaying a green arrow as a buy signal on the chart. This marking provides a clear entry point, indicating that prices are likely to rise, making it a prime moment for traders to enter long positions.
Additionally, the bullish 5-0 pattern is equipped with tools for traders to set stop-loss and take-profit points based on harmonic lines within the pattern, which represent support and resistance levels. Using these dynamic points, traders can create a more effective risk-reward setup while following the bullish signals in a standalone harmonic strategy.
🟣 Bearish 5-0 Pattern
The bearish 5-0 pattern functions similarly but signals a likely downturn. This pattern emerges when Fibonacci ratios align at points 0, X, A, B, C, and D, predicting a reversal downward. The indicator generates a sell signal, marked by a red arrow, prompting traders to exit long positions or initiate short trades to capitalize on falling prices.
Traders can utilize this bearish pattern for defining exit strategies and setting key levels for stop-loss and take-profit orders. The bearish 5-0 pattern enhances traders’ abilities to gauge critical price levels and manage trade risk effectively, especially in volatile markets. For traders focused on profiting from downward trends, this indicator serves as a powerful tool for timely entries and exits.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Conclusion
The 5-0 Harmonic Pattern indicator serves as a robust solution for technical analysts and traders looking to pinpoint market reversal points. By automatically recognizing 5-0 patterns and generating buy and sell signals based on Fibonacci ratios, this tool supports precise trend analysis and entry/exit timing. The indicator’s adjustable alerts, color themes, and pattern toggles allow for comprehensive customization, ensuring alignment with individual trading strategies.
Harmonic patterns, especially the 5-0 Harmonic Pattern, guide traders in identifying high-accuracy entry and exit points, thus aiding in more informed trading decisions. By combining Fibonacci ratio analysis with real-time signal updates, this indicator provides a well-rounded approach for risk management and capitalizing on trading opportunities. Professional traders can harness this tool to enhance technical analysis precision and capitalize on price trends effectively, maximizing profitability in both bullish and bearish markets.
RSI/MFI Divergence Finder [idahodev]Monitoring RSI (Relative Strength Index) and MFI (Money Flow Index) divergences on a stock or index chart offers several benefits to traders and analysts. Let's break down the advantages:
Comprehensive Market View: Combining both indicators provides a more complete picture of market conditions, as they measure different aspects of price movement. RSI focuses on recent gains/losses relative to price change, while MFI incorporates volume data to assess money flow in and out of a security.
Enhanced Signal Accuracy: When divergences occur simultaneously in both RSI and MFI, it may be considered a stronger signal than if only one indicator showed divergence. This can potentially lead to more reliable trading decisions.
Identification of False Breakouts: Divergences between these indicators and price action can help identify false breakouts or misleading price movements that are not supported by underlying market strength or volume.
More Nuanced Market Understanding: By examining divergent behavior between money flow (MFI) and momentum (RSI), traders gain a more detailed comprehension of the interplay between these factors in shaping market trends.
Early Warning Signs: These divergences can act as early warning signs for potential trend reversals or changes in market sentiment, allowing traders to adjust their strategies proactively.
It's important to note that RSI/MFI divergences should be used as part of a broader trading strategy rather than solely relying on them for buy/sell signals. They can serve as valuable tools for confirming trends, identifying potential turning points, or warning against overbought/oversold conditions.
When using these indicators together, traders must be cautious of false signals, especially in choppy markets or during periods of high volatility. It's crucial to combine this analysis with other technical and fundamental factors before making trading decisions.
In summary, monitoring RSI/MFI divergences may offer a way to gain insights into the underlying strengths and weaknesses of market movements.
This utility differs from other in that it allows for a choke/threshold/sensitivity setting to help weed out noisy signals. This needs to be carefully adjusted per chart.
It also allows for tuning of the MFI smoothing length (number of bars on the current chart) as well as how many previous bars it will take into consideration when calculating RSI and MFI divergences. It will signal when it sees alignment forming between RSI and MFI divergences in a direction. You will likely need to tune this script's settings every few days or at least anytime there is a change in overall market behavior or sustained volatility.
Ultimately, the goal with this script is to provide an additional level of confirmation of weakness or strength. It should be combined with other indicators such as exhaustion, pivots, supply/demand, trendline breaks or tests, and structure changes, to name a few complementary tools or strategies. It's not meant to be a standalone buy/sell signal indicator!
Here are some settings for futures that may help you get started:
ES (4m chart)
RSI Length: 26
MFI Length: 8
MFI Smoothing Length: 32
Divergence Sensitivity: 124
Left Bars for Pivot: 10
Right Bars for Pivot: 1
NQ (4m chart)
RSI Length: 14
MFI Length: 14
MFI Smoothing Length: 21
Divergence Sensitivity: 400
Left Bars for Pivot: 21
Right Bars for Pivot: 1
YM (4m chart)
RSI Length: 14
MFI Length: 14
MFI Smoothing Length: 21
Divergence Sensitivity: 810
Left Bars for Pivot: 33
Right Bars for Pivot: 1
Gann Square of 9Understanding the Gann Square of 9
Delve into the fascinating realm of W.D. Gann’s Square of 9, a tool that has intrigued traders for generations. As we explore the insights behind this unique structure, we’ll show you how our Gann Square of 9 Indicator can become a valuable asset in your trading toolkit.
The History of the Gann Square of 9
The story behind the Gann Square of 9 is as fascinating as the man who created it. W.D. Gann, a pioneering trader from the early 20th century, introduced a method that highlighted the connection between time and price. Rooted in ancient mathematics and geometry, Gann’s theory suggests that financial markets follow cyclical patterns, which are captured in the design of the Square of 9.
Core Principles of the Gann Square of 9
At its heart, the Gann Square of 9 is based on a numerical system that spirals outward from a central point. This unique arrangement allows traders to identify potential support and resistance levels in the market. Each number represents a possible pivot point, indicating shifts in market direction, aligned with Gann’s time-price equilibrium theory.
Applying the Gann Square in Market Analysis
The strength of the Gann Square of 9 lies in its ability to predict key moments in the market where significant price movements may occur. By utilizing our Gann Square of 9 Indicator, traders can easily pinpoint these crucial points, applying Gann’s principles to anticipate both market highs and lows. This section will guide you through practical applications of the Gann Square for making both short-term and long-term trading decisions.
Market Timing with the Gann Square of 9 Indicator
Unlock the potential of market timing and price prediction using our Gann Square of 9 Indicator. This versatile tool brings Gann’s trading insights into the modern world of finance. Here, you’ll find a detailed walkthrough on how to use the indicator to enhance your trading strategies.
Step-by-Step Guide
Input the Source Price: Open, High, Low, Close on specific Timeframe.
Set the Pip Value: Adjust the pip value according to the scale of your trades. The pip value helps define the precision of the price levels the calculator will generate.
Analyze Results: The generated grid displays a central value (your input price) surrounded by numbers representing possible support and resistance levels.
Use the Support and Resistance Levels: Below the grid, you’ll find specific support and resistance points. These are key price levels that can help you plan your trading strategy, such as entry or exit points.
Apply Gann's Trading Entries: At the bottom, suggested long and short trade entries, with targets and stop-loss levels, giving you essential tools for managing risk effectively.
By following these steps, you can effectively incorporate Gann’s time-tested techniques into modern market analysis. Our Gann Square of 9 Indicator simplifies complex calculations while offering powerful insights, helping you make informed trading decisions rooted in one of market analysis’s most influential theories.
Whether you’re new to Gann’s approach or a seasoned trader, this indicator is designed to provide valuable insights aligned with Gann’s original concepts while delivering a seamless user experience for today’s traders. With just a few clicks, you can transform market data into a geometric pattern of time and price, setting the stage for strategic trading based on the cyclical nature of financial markets.
Consecutive Beta with Dynamic Support Resistance [TrendX_]The Consecutive Beta with Dynamic Support Resistance indicator is tailored to harness trend momentum, recognize top & bottom reversals, and leverage dynamic support and resistance levels. This indicator introduces a new approach by combining the concepts of beta, consecutive counting mechanisms, and the supertrend structure, making it a fresh tool for understanding market trends and patterns.
💎 KEY FEATURES
Candle’s Relative Valuation Using Beta: The core of the TrendX indicator lies in using beta to gauge volatility. Beta serves as a measure of how an asset moves relative to the broader market, helping traders understand whether the asset is more or less volatile in different market conditions.
Counting Techniques for Momentum & Reversals: By employing counting techniques to reach a significant threshold, the indicator can measure trend momentum and spot top/bottom reversals.
Dynamic Support & Resistance: This feature relies on consecutive beta counting to dynamically adapt support and resistance levels. These levels are key in predicting potential entry and exit points following the general trend direction.
⚙️ USAGES
Initial Start and Distance: Customize the initial start point and distance for better control over trading strategies. For instance, starting at 1 and using an even distance of 2 will yield odd consecutive counting series;
Phase 1 Completion for Reversal Strategies: This initial phase focuses on identifying short-term reversals;
Phase 2 Completion for Support/Resistance: A support level forms after completing two bullish phases, while a resistance level forms after completing two bearish phases. This structure helps in clarifying trend directions when breakout these key levels.
🔎 BREAKDOWN
Phase 1:
The indicator counts consecutive candles that show a higher Beta than in previous periods over a given length. The completion of countings only succeed when the whole series is uninterruptedly counted, or else countings will be canceled. This strict adherence to consecutive counts serves to ensure that only strong, sustained momentum is recognized and also helps filter out noise, weak signals and establish the initial direction catalyst, setting up for further trend analysis.
Phase 2:
After Phase 1 ends, the Phase 2 counting mechanism begins. This phase focuses on bottom reversals through consecutive higher beta candles, and top reversals by counting lower beta candles. At this stage, interuptions will not cancel the counting process. The ability to continue counting in Phase 2 allows for a broader perspective on market behavior. Even if individual candles do not consistently meet the criteria for consecutive counts, the cumulative effect of higher or lower beta readings over time provides valuable insights into market sentiment and trend direction.
Dynamic Support & Resistance:
After Phase 2 completion, if the average of high, low, and close surpasses both recent support and resistance levels from Phase 2, an uptrend is confirmed, which the support level is displayed. If it drops below these levels, a downtrend is indicated, where resistance is displayed instead of support. The result is displayed through a colored supertrend-line (teal for uptrend, red for downtrend).
DISCLAIMER
This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.
Thrax - Intraday Market Pressure ZonesTHRAX - INTRADAY MARKET PRESSURE ZONES
This indicator identifies potential support and resistance zones based on areas of significant market pressure. It dynamically plots these zones and adjusts their visibility based on real-time price action and user-defined thresholds. The indicator is useful for traders seeking to understand intraday market pressure, visualize zones of potential price reversals, and analyze volume imbalances at critical levels.
1. Support/Resistance Zones: Wherever the price retraces significantly from its high a support zone is drawn and when it retraces significantly from it low a resistance zone is drawn. The significant retracing is measured by the wick threshold percentage. For instance, if set to 75%, it implies price retracement of 75% either from high or from low for a particular candel
Volume delat: Displays volume delta information where the zones are formed. This can be used by trader to consider only those zones where delta is significant.
2. Breakout Detection: Monitors for price breakouts beyond established zones, deleting zones that are invalidated by price movement. when the price breaks a given zone with the threshold, it is considered to be mitigated and chances of trend continuation is decent.
Candle Coloring: Uses color codes (green, red, and yellow) to represent bullish, bearish, and indecisive (doji) candles, aiding quick visual assessment.
INPUTS
1. Wick Threshold (%) : Sets the minimum wick percentage required for a candle to be considered a support or resistance candidate.
2. Breakout Threshold (%) : Determines the percentage above or below a support or resistance zone that defines a breakout condition. if breaks a zone with the set threshold then the zone will be considered mititgated.
3. Max Number of Support/Resistance Zones : Limits the maximum number of support/resistance zones displayed on the chart, ranging from 1 to 5.
4. Show Wick Percentage Labels : Toggles the display of percentage values for upper and lower wicks on each candle.
TRADE SETUP
Identifying Entry Points: Look for the formation of support or resistance zones. Wait for price to retrace to these zones. if you are willing to take risk, you can consider even zones with low delta. If you want to be more cautious you should consider zones with high delta.
Volume Confirmation: Use the volume information to confirm the strength of the zone. Strong volume differences (displayed as labels) can indicate significant market pressure at these levels.
Breakout Trades: If price breaks through a support/resistance zone by more than the breakout threshold, consider this a signal for a potential trend continuation in the breakout direction.
Risk Management: Set stop-loss levels slightly outside of the identified zones to minimize risk in case of false breakouts. This can be set in input setting for breakout threshold.
Bonus Tip : Mark your significant highs and lows from where prices have retraced multiple times in the near past and if the zone is near these levels it can serve s a strong candidate of support or resistance
Therefore, in conclusion monitor the zones, based on delta and volume presence filter out the zone, wait for price retracement to the zone, intiate the trade with stop loss below zone with a set percentage.
Relative volume zone + Smart Order Flow Dynamic S/ROverview:
The Relative Volume Zone + Smart Order Flow with Dynamic S/R indicator is designed to help traders identify key trading opportunities by combining multiple technical components. This script integrates relative volume analysis, order flow detection, VWAP, RSI filtering, and dynamic support and resistance levels to offer a comprehensive view of the market conditions. It is particularly effective on shorter timeframes (M5, M15), making it suitable for scalping and day trading strategies.
Key Components:
1. Relative Volume Zones:
• The script calculates the relative volume by comparing the current volume with the average volume over a defined lookback period (volLookback). When the relative volume exceeds a specified multiplier (volMultiplier), it indicates a high volume zone, signaling potential accumulation or distribution areas.
• Purpose: Identifies high-volume trading zones that may act as significant support or resistance, indicating possible entry or exit points.
2. Smart Order Flow Analysis:
• The indicator uses Volume Delta (the difference between buying and selling volume) and a Cumulative Delta to detect order imbalances in the market.
• Order Imbalance is identified using a moving average of the Volume Delta (orderImbalance), which helps highlight hidden buying or selling pressure.
• Purpose: Reveals market sentiment by showing whether buyers or sellers dominate the market, aiding in the identification of trend reversals or continuations.
3. VWAP (Volume Weighted Average Price):
• VWAP is calculated over a default daily length (vwapLength) to show the average price a security has traded at throughout the day, based on both volume and price.
• Purpose: Provides insight into the fair value of the asset, indicating whether the market is in an accumulation or distribution phase.
4. RSI (Relative Strength Index) Filter:
• RSI is used to filter buy and sell signals, preventing trades in overbought or oversold conditions. It is calculated using a specified period (rsiPeriod).
• Purpose: Reduces false signals and improves trade accuracy by only allowing trades when RSI conditions align with volume and order flow signals.
5. Dynamic Support and Resistance Levels:
• The script dynamically plots support and resistance levels based on recent swing highs and lows (swingLookback).
• Purpose: Identifies potential reversal zones where price action may change direction, allowing for more precise entry and exit points.
How It Works:
• Buy Signal:
A buy signal is generated when:
• The price enters a high-volume zone.
• The price crosses above a 5-period moving average.
• The cumulative delta shows more buying pressure (cumulativeDelta > SMA of cumulativeDelta).
• The RSI is below 70 (not in overbought conditions).
• Sell Signal:
A sell signal is generated when:
• The price enters a high-volume zone.
• The price crosses below a 5-period moving average.
• The cumulative delta shows more selling pressure (cumulativeDelta < SMA of cumulativeDelta).
• The RSI is above 30 (not in oversold conditions).
• Dynamic Support and Resistance Lines:
Drawn based on recent swing highs and lows, these lines provide context for potential price reversals or breakouts.
• VWAP and Order Imbalance Lines:
Plotted to show the average traded price and highlight order flow shifts, helping to validate buy/sell signals.
How to Use:
1. Apply the Indicator:
Add the script to your chart and adjust the settings to match your trading style and preferred timeframe (optimized for M5/M15).
2. Interpret the Signals:
Use the buy and sell signals in conjunction with dynamic support/resistance, VWAP, and order imbalance lines to identify high-probability trade setups.
3. Monitor Alerts:
Set alerts for significant order flow events to receive notifications when there is a positive or negative order imbalance, indicating potential market shifts.
What Makes It Unique:
This script is unique because it combines multiple market analysis tools — relative volume zones, smart order flow, VWAP, RSI filtering, and dynamic support/resistance — to provide a well-rounded, multi-dimensional view of the market. This integration allows traders to make more informed decisions by validating signals across various indicators, enhancing overall trading accuracy and effectiveness.
