Comprehensive Time Chain Indicator - AYNETFeatures and Enhancements
Dynamic Timeframe Handling:
The script monitors new intervals of a user-defined timeframe (e.g., daily, weekly, monthly).
Flexible interval selection allows skipping intermediate time periods (e.g., every 2 days).
Custom Marker Placement:
Markers can be placed at:
High, Low, or Close prices of the bar.
A custom offset above or below the close price.
Special Highlights:
Automatically detects the start of a week (Monday) and the start of a month.
Highlights these periods with a different marker color.
Connecting Lines:
Markers are connected with lines to visually link the events.
Line properties (color, width) are fully customizable.
Dynamic Labels:
Optional labels display the timestamp of the event, formatted as per user preferences (e.g., yyyy-MM-dd HH:mm).
How It Works:
Timeframe Event Detection:
The is_new_interval flag identifies when a new interval begins in the selected timeframe.
Special flags (is_new_week, is_new_month) detect key calendar periods.
Dynamic Marker Drawing:
Markers are drawn using label.new at the specified price levels.
Colors dynamically adjust based on the type of event (interval vs. special highlight).
Connecting Lines:
The script dynamically connects markers with line.new, creating a time chain.
Previous lines are updated for styling consistency.
Customization Options:
Timeframe (main_timeframe):
Adjust the timeframe for detecting new intervals, such as daily, weekly, or hourly.
Interval (interval):
Skip intermediate events (e.g., draw a marker every 2 days).
Visualization:
Enable or disable markers and labels independently.
Customize colors, line width, and marker positions.
Special Periods:
Highlight the start of a week or month with distinct markers.
Applications:
Event Tracking:
Highlight and connect key time intervals for easier analysis of patterns or trends.
Custom Time Chains:
Visualize periodic data, such as specific trading hours or cycles.
Market Session Analysis:
Highlight market opens, closes, or other critical time-based events.
Usage Instructions:
Copy and paste the code into the Pine Script editor on TradingView.
Adjust the input settings for your desired timeframe, visualization preferences, and special highlights.
Apply the script to a chart to see the time chain visualized.
This implementation provides robust functionality while remaining easy to customize. Let me know if further enhancements are required! 😊
Cerca negli script per "track"
Formation Defined Moving Support and ResistanceThe script was originally coded in 2018 with Pine Script version 3, and it was in protected code status. It has been updated and optimised for Pine Script v5 and made completely open source.
The Formation Defined Moving Support and Resistance indicator is a sophisticated tool for identifying dynamic support and resistance levels based on specific price formations and level interactions. This indicator goes beyond traditional static support and resistance by updating levels based on predefined formation patterns and market behaviour, providing traders with a more responsive view of potential support and resistance zones.
Features:
The indicator detects essential price levels:
Lower Low (LL)
Higher Low (HL)
Higher High (HH)
Lower High (LH)
Equal Lower Low (ELL)
Equal Higher Low (EHL)
Equal Higher High (EHH)
Equal Lower High (ELH)
By identifying these key points, the script builds a foundation for tracking and responding to changes in price structure.
Pre-defined Formations and Comparisons:
The indicator calculates and recognises nine different pre-defined formations, such as bullish and bearish formations, based on the sequence of price levels.
These formations are compared against previous levels and formations, allowing for a sophisticated understanding of recent market movements and momentum shifts.
This formation-based approach provides insights into whether the price is likely to maintain, break, or reverse key levels.
Dynamic Support and Resistance Levels:
The indicator offers an option to toggle Moving Support and Resistance Levels.
When enabled, the support and resistance levels dynamically adjust:
Upon a change in the detected formation.
When the bar’s closing price breaks the last defined support or resistance level.
This feature ensures that the support and resistance levels adapt quickly to market changes, giving a more accurate and responsive perspective.
Customisable Price Source:
Users can choose the price source for level detection, selecting between close or high/low prices.
This flexibility allows the indicator to adapt to different trading styles, whether the focus is on closing prices for more conservative levels or on highs and lows for more sensitive level tracking.
This indicator can benefit traders relying on dynamic support and resistance rather than fixed, historical levels. It adapts to recent price actions and market formations, making it useful for identifying entry and exit points, trend continuation or reversal, and setting trailing stops based on updated support and resistance levels.
Trade Entry Detector, Wick to Body Ratio Trade Entry Detector: Wick-to-Body Ratio Strategy with Bollinger Bands
Overview
The Trade Entry Detector is a custom strategy for TradingView that leverages the Bollinger Bands and a unique wick-to-body ratio approach to capture precise entry opportunities. This indicator is designed for traders who want to pinpoint high-probability reversal points when price interacts with Bollinger Bands, all while offering flexible entry fill options.
The strategy performs primary analysis on the daily time frame, regardless of your current chart setting, allowing you to view daily Bollinger Band levels and entry signals even on lower time frames. This approach is suitable for swing traders and short-term traders looking to align intraday moves with higher time frame signals.
How the Strategy Works
1. Bollinger Band Analysis on the Daily Time Frame
Bollinger Bands are calculated using a 20-period simple moving average (SMA) and a standard deviation multiplier (default is 2). These bands dynamically expand and contract based on market volatility, making them ideal for identifying overbought and oversold conditions:
* Upper Band: Indicates potential overbought levels.
* Lower Band: Indicates potential oversold levels.
2. Wick-to-Body Ratio Condition
This strategy places significant emphasis on candle wicks relative to the candle body. Here’s why:
* A large upper wick relative to the body signals potential selling pressure after testing the upper Bollinger Band.
* A large lower wick relative to the body indicates buying support after testing the lower Bollinger Band.
* Ratio Threshold: You can set a minimum wick-to-body ratio (default is 1.0), meaning that the wick must be at least equal in size to the body. This ensures only candles with significant reversals are considered for entry.
3. Flexible Entry Timing
To adapt to various trading styles, the indicator allows you to choose the entry fill timing:
* Daily Close: Enter at the close of the daily candle.
* Daily Open: Enter at the open of the following daily candle.
* HOD (High of Day): Set entry at the daily high, for those who want confirmation of upward momentum.
* LOD (Low of Day): Set entry at the daily low, ideal for confirming downward movement.
4. Position Sizing and Risk Management
The strategy calculates position size based on a fixed risk percentage of your account balance (default is 1%). This approach dynamically adjusts position sizes based on stop-loss distance:
* Stop Loss: Placed at the nearest swing high (for shorts) or swing low (for longs).
* Take Profit: Exits are triggered when the price reaches the opposite Bollinger Band.
5. Order Expiration
Each pending order (long or short) expires after two days if unfilled, allowing for new setups on subsequent candles if conditions are met again.
Using the Trade Entry Detector
Step-by-Step Guide
1. Set the Primary Time Frame
The core calculations run on the daily time frame, but the strategy can be applied to intraday charts (e.g., 65-minute or 15-minute) for deeper insights.
2. Adjust Bollinger Band Settings
* Length: Default is 20, which determines the period for calculating the moving average.
* Standard Deviation Multiplier: Default is 2.0, which sets the width of the bands. Adjusting this can help you capture broader or tighter volatility ranges.
3. Define the Wick-to-Body Ratio
Set the minimum ratio between wick and body (default 1.0). Higher values filter out candles with less wick-to-body contrast, focusing on stronger rejection moves.
4. Choose Entry Fill Timing
Select your preferred fill condition:
* Daily Close: Confirms the trade at the end of the daily session.
* Daily Open: Executes the entry at the open of the next day.
* HOD/LOD: Uses the daily high or low as an additional confirmation for upward or downward moves.
5. Position Sizing and Risk Management
* Set your account balance and risk percentage. The strategy automatically calculates position sizes based on the stop distance to manage risk efficiently.
* Stop Loss and Take Profit points are automatically set based on swing highs/lows and opposing Bollinger Bands, respectively.
Practical Example
Let’s say SPY (S&P 500 ETF) tests the lower Bollinger Band on the daily time frame, with a lower wick that is twice the size of the body (meeting the 1.0 ratio threshold). Here’s how the strategy might proceed:
1. Signal: The lower wick on SPY suggests buying interest at the lower Bollinger Band.
2. Entry Fill Timing: If you’ve selected "Daily Open," the entry order will be placed at the next day's open price.
3. Stop Loss: Positioned at the nearest daily swing low to minimize risk.
4. Take Profit: If SPY price moves up and reaches the upper Bollinger Band, the position is automatically closed.
Indicator Features and Benefits
* Multi-Time Frame Compatibility: Perform daily analysis while tracking signals on any intraday chart.
* Automatic Position Sizing: Tailor risk per trade based on account balance and desired risk percentage.
* Flexible Entry Options: Choose from close, open, HOD, or LOD for optimal timing.
* Effective Trend Reversal Identification: Uses wick-to-body ratio and Bollinger Band interaction to pinpoint potential reversals.
* Dynamic Visualization: Bollinger Bands are displayed on your chosen time frame, allowing seamless intraday tracking.
Summary
The Trade Entry Detector provides a unique, data-driven way to spot reversal points with customizable entry options. By combining Bollinger Bands with wick-to-body ratio conditions, it identifies potential trade setups where price has tested extremes and shown reversal signals. With its flexible entry timing, risk management features, and multi-time frame compatibility, this indicator is ideal for traders looking to blend daily market context with shorter-term execution.
Tips for Usage:
* For swing trading, consider the Daily Open or Close entry options.
* For momentum entries, HOD or LOD may offer better alignment with the direction of the wick.
* Backtest on different assets to find optimal Bollinger Band and wick-to-body settings for your market.
Use this indicator to enhance your understanding of price behavior at key levels and improve the precision of your entry points. Happy trading!
Price Action Analyst [OmegaTools]Price Action Analyst (PAA) is an advanced trading tool designed to assist traders in identifying key price action structures such as order blocks, market structure shifts, liquidity grabs, and imbalances. With its fully customizable settings, the script offers both novice and experienced traders insights into potential market movements by visually highlighting premium/discount zones, breakout signals, and significant price levels.
This script utilizes complex logic to determine significant price action patterns and provides dynamic tools to spot strong market trends, liquidity pools, and imbalances across different timeframes. It also integrates an internal backtesting function to evaluate win rates based on price interactions with supply and demand zones.
The script combines multiple analysis techniques, including market structure shifts, order block detection, fair value gaps (FVG), and ICT bias detection, to provide a comprehensive and holistic market view.
Key Features:
Order Block Detection: Automatically detects order blocks based on price action and strength analysis, highlighting potential support/resistance zones.
Market Structure Analysis: Tracks internal and external market structure changes with gradient color-coded visuals.
Liquidity Grabs & Breakouts: Detects potential liquidity grab and breakout areas with volume confirmation.
Fair Value Gaps (FVG): Identifies bullish and bearish FVGs based on historical price action and threshold calculations.
ICT Bias: Integrates ICT bias analysis, dynamically adjusting based on higher-timeframe analysis.
Supply and Demand Zones: Highlights supply and demand zones using customizable colors and thresholds, adjusting dynamically based on market conditions.
Trend Lines: Automatically draws trend lines based on significant price pivots, extending them dynamically over time.
Backtesting: Internal backtesting engine to calculate the win rate of signals generated within supply and demand zones.
Percentile-Based Pricing: Plots key percentile price levels to visualize premium, fair, and discount pricing zones.
High Customizability: Offers extensive user input options for adjusting zone detection, color schemes, and structure analysis.
User Guide:
Order Blocks: Order blocks are significant support or resistance zones where strong buyers or sellers previously entered the market. These zones are detected based on pivot points and engulfing price action. The strength of each block is determined by momentum, volume, and liquidity confirmations.
Demand Zones: Displayed in shades of blue based on their strength. The darker the color, the stronger the zone.
Supply Zones: Displayed in shades of red based on their strength. These zones highlight potential resistance areas.
The zones will dynamically extend as long as they remain valid. Users can set a maximum number of order blocks to be displayed.
Market Structure: Market structure is classified into internal and external shifts. A bullish or bearish market structure break (MSB) occurs when the price moves past a previous high or low. This script tracks these breaks and plots them using a gradient color scheme:
Internal Structure: Short-term market structure, highlighting smaller movements.
External Structure: Long-term market shifts, typically more significant.
Users can choose how they want the structure to be visualized through the "Market Structure" setting, choosing from different visual methods.
Liquidity Grabs: The script identifies liquidity grabs (false breakouts designed to trap traders) by monitoring price action around highs and lows of previous bars. These are represented by diamond shapes:
Liquidity Buy: Displayed below bars when a liquidity grab occurs near a low.
Liquidity Sell: Displayed above bars when a liquidity grab occurs near a high.
Breakouts: Breakouts are detected based on strong price momentum beyond key levels:
Breakout Buy: Triggered when the price closes above the highest point of the past 20 bars with confirmation from volume and range expansion.
Breakout Sell: Triggered when the price closes below the lowest point of the past 20 bars, again with volume and range confirmation.
Fair Value Gaps (FVG): Fair value gaps (FVGs) are periods where the price moves too quickly, leaving an unbalanced market condition. The script identifies these gaps:
Bullish FVG: When there is a gap between the low of two previous bars and the high of a recent bar.
Bearish FVG: When a gap occurs between the high of two previous bars and the low of the recent bar.
FVGs are color-coded and can be filtered by their size to focus on more significant gaps.
ICT Bias: The script integrates the ICT methodology by offering an auto-calculated higher-timeframe bias:
Long Bias: Suggests the market is in an uptrend based on higher timeframe analysis.
Short Bias: Indicates a downtrend.
Neutral Bias: Suggests no clear directional bias.
Trend Lines: Automatic trend lines are drawn based on significant pivot highs and lows. These lines will dynamically adjust based on price movement. Users can control the number of trend lines displayed and extend them over time to track developing trends.
Percentile Pricing: The script also plots the 25th percentile (discount zone), 75th percentile (premium zone), and a fair value price. This helps identify whether the current price is overbought (premium) or oversold (discount).
Customization:
Zone Strength Filter: Users can set a minimum strength threshold for order blocks to be displayed.
Color Customization: Users can choose colors for demand and supply zones, market structure, breakouts, and FVGs.
Dynamic Zone Management: The script allows zones to be deleted after a certain number of bars or dynamically adjusts zones based on recent price action.
Max Zone Count: Limits the number of supply and demand zones shown on the chart to maintain clarity.
Backtesting & Win Rate: The script includes a backtesting engine to calculate the percentage of respect on the interaction between price and demand/supply zones. Results are displayed in a table at the bottom of the chart, showing the percentage rating for both long and short zones. Please note that this is not a win rate of a simulated strategy, it simply is a measure to understand if the current assets tends to respect more supply or demand zones.
How to Use:
Load the script onto your chart. The default settings are optimized for identifying key price action zones and structure on intraday charts of liquid assets.
Customize the settings according to your strategy. For example, adjust the "Max Orderblocks" and "Strength Filter" to focus on more significant price action areas.
Monitor the liquidity grabs, breakouts, and FVGs for potential trade opportunities.
Use the bias and market structure analysis to align your trades with the prevailing market trend.
Refer to the backtesting win rates to evaluate the effectiveness of the zones in your trading.
Terms & Conditions:
By using this script, you agree to the following terms:
Educational Purposes Only: This script is provided for informational and educational purposes and does not constitute financial advice. Use at your own risk.
No Warranty: The script is provided "as-is" without any guarantees or warranties regarding its accuracy or completeness. The creator is not responsible for any losses incurred from the use of this tool.
Open-Source License: This script is open-source and may be modified or redistributed in accordance with the TradingView open-source license. Proper credit to the original creator, OmegaTools, must be maintained in any derivative works.
TechniTrend: Dynamic Pair CorrelationTechniTrend: Dynamic Pair Correlation
Description:
The TechniTrend: Dynamic Pair Correlation is a powerful and versatile indicator designed to track the correlation between two assets—whether cryptocurrencies, indices, or other financial instruments—across multiple timeframes. Understanding correlations can provide deep insights into market behavior, helping traders make informed decisions based on how two assets move in relation to each other.
Key Features:
Customizable Pair Selection: Compare any two assets (e.g., Bitcoin and DXY, Ethereum and SP500) to study how their price movements relate over time.
Multi-Timeframe Analysis: Simultaneously track correlations across different timeframes—standard, lower, and higher—providing a comprehensive view of market dynamics.
Dynamic Color Coding for Correlation Strength: Instantly spot correlations with visually intuitive colors—green for strong positive correlation, red for strong negative correlation, and yellow for neutral.
Heatmap Background: An easy-to-read background color heatmap highlights when correlations hit extreme levels, adding another layer of insight to your charts.
Real-Time Alerts: Get notified when correlations exceed your custom thresholds, signaling opportunities for potential breakouts, reversals, or divergences.
Divergence Detection: Automatically highlight moments when asset prices diverge, offering potential entry/exit points for smart trading decisions.
How to Use:
Asset Pair Comparison: Select two symbols to analyze their price correlation, such as BTC/USDT and DXY, or any other pair that fits your strategy.
Set Your Timeframes: Customize your standard, lower, and higher timeframes to monitor correlations at different intervals, allowing you to capture both short-term and long-term relationships.
Track Correlation Strength: Use dynamic color coding to quickly see how closely two assets are moving together. Strong correlations (positive or negative) could signal potential opportunities, while low correlations may indicate the absence of a strong trend.
Utilize Alerts: Receive real-time alerts when correlations cross your predefined thresholds, helping you take action when the market presents strong alignment or divergence.
Divergence Signals: Watch for divergence between the assets on multiple timeframes, which could indicate a potential trend reversal or a shift in market behavior.
Why It’s Essential:
Understanding the relationship between two assets can be a game changer for traders. Whether you're comparing Bitcoin to DXY, tracking the correlation between Ethereum and major indices, or evaluating two cryptocurrencies, this indicator gives you the tools to visualize and respond to market conditions with precision.
Perfect For:
Crypto traders looking to optimize strategies by monitoring the relationship between major cryptocurrencies and other assets.
Arbitrageurs seeking to capitalize on temporary pricing anomalies between correlated pairs.
Trend-followers aiming to catch large movements by detecting alignment or divergence between asset classes.
Portfolio managers monitoring how different asset classes impact each other to hedge or diversify investments.
By leveraging the TechniTrend: Dynamic Pair Correlation indicator, traders can gain deeper insights into market trends, correlations, and divergences, giving them an edge in fast-moving markets.
MTF SqzMom [tradeviZion]Credits:
John Carter for creating the TTM Squeeze and TTM Squeeze Pro.
Lazybear for the original interpretation of the TTM Squeeze: Squeeze Momentum Indicator.
Makit0 for evolving Lazybear's script by incorporating TTM Squeeze Pro upgrades – Squeeze PRO Arrows.
MTF SqzMom - Multi-Timeframe Squeeze & Momentum Tool
MTF SqzMom is a tool designed to help traders easily monitor squeeze and momentum signals across multiple timeframes in a simple, organized format. Built using Pine Script 5, it ensures that data remains consistent, even when switching between different time intervals on the chart.
Key Features:
Multi-Timeframe Monitoring: Track squeeze and momentum signals across various timeframes, all in one view. This includes key timeframes like 1-minute, 5-minute, hourly, and daily.
Dynamic Table Display: A color-coded table that automatically adjusts based on the selected timeframes, offering a clear view of market conditions.
Alerts for Key Market Events: Get notifications when a squeeze starts or fires across your chosen timeframes, so you can stay informed without needing to monitor the chart continuously.
Customizable Appearance: Tailor the look of the table by selecting colors for squeeze levels and momentum shifts, and choose the best position on your chart for easy access.
How It Works:
MTF SqzMom is based on the concept of the squeeze, which signals periods of lower volatility where price breakouts may occur. The tool tracks this by monitoring the contraction of Bollinger Bands within Keltner Channels. Along with this, it provides momentum analysis to help you gauge the potential direction of the market after a squeeze.
Squeeze Conditions: The script tracks four levels of squeeze conditions (no squeeze, low, mid, and high), each represented by a different color in the table.
Momentum Analysis: Momentum is visually represented by colors indicating four stages: up increasing, up decreasing, down increasing, and down decreasing. This color coding helps you quickly assess whether the market is gaining or losing momentum.
Using Alerts:
You can enable two types of alerts: when a squeeze starts (indicating consolidation) and when a squeeze fires (indicating a breakout). These alerts cover all timeframes you’ve selected, so you never miss important signals.
How to Set It Up:
1. Enable Alerts in Settings: Turn on "Alert for Squeeze Start" and "Alert for Squeeze Fire" in the settings.
2. Add Alerts to Your Chart:
Click the three dots next to the indicator name.
Select "Add alert on tradeviZion - MTF SqzMom."
3. Customize and Save: Adjust alert options, choose your notification type, and click "Create."
Why Use MTF SqzMom ?
Consistent Data: The tool ensures that squeeze and momentum data remain consistent, even when you switch between chart intervals.
Real-Time Alerts: Stay updated with alerts for squeeze conditions without needing to constantly watch the chart.
Simple to Use, Customizable to Fit: You can easily adjust the table’s look and choose the timeframes and colors that best suit your trading style.
Acknowledgment:
While this tool builds on the TTM Squeeze concept developed by John Carter of Simpler Trading, it offers added flexibility through multi-timeframe analysis, alerts, and customizability to make monitoring market conditions more accessible.
Gaussian Filter [BigBeluga]The Gaussian Filter - BigBeluga indicator is a trend-following tool that uses a Gaussian filter to smooth price data and identify directional shifts in the market. It provides dynamic signals for entering and exiting trades based on trend changes, helping traders stay aligned with the market's momentum. What sets this indicator apart is its ability to display precise entry and exit points with real-time tracking of percentage price changes, making it ideal for trend-based strategies.
SP500:
NIFTY50:
🔵 KEY FEATURES & USAGE
◉ Gaussian Filter Trend Line:
//@function GaussianFilter is used for smoothing, reducing noise, and computing derivatives of data.
//@param src (float) The source data (e.g., close price) to be smoothed.
//@param params (GaussianFilterParams) Gaussian filter parameters that include length and sigma.
//@returns (float) The smoothed value from the Gaussian filter.
gaussian_filter(float src, params) =>
var float weights = array.new_float(params.length) // Array to store Gaussian weights
total = 0.0
pi = math.pi
for i = 0 to params.length - 1
weight = math.exp(-0.5 * math.pow((i - params.length / 2) / params.sigma, 2.0))
/ math.sqrt(params.sigma * 2.0 * pi)
weights.set(i, weight)
total := total + weight
for i = 0 to params.length - 1
weights.set(i, weights.get(i) / total)
sum = 0.0
for i = 0 to params.length - 1
sum := sum + src * weights.get(i)
sum
The core functionality of the Gaussian Filter line is to show trend direction. When the trend line increases four times consecutively, it indicates an uptrend signal. Similarly, if it decreases four times in a row, it signals a downtrend. The smoothness of the filter helps traders stay on the right side of the market by filtering out noise and emphasizing the dominant trend direction.
◉ Entry and Exit Levels with Real-Time Price and Performance Data:
Each time the indicator detects a trend change, it plots an entry or exit level on the chart. For an uptrend, an entry level is marked, and for a downtrend, an exit level is plotted. These levels display the price at the time of the signal.
While the trend is ongoing, the indicator tracks the percentage change in price from the initial entry or exit signal to the current bar, updating in real-time. When a trend concludes, it displays the total percentage change from the entry or exit point to the trend's end. This feature provides valuable insights into how much the price has moved during each trend phase and allows traders to monitor the performance of each trade.
◉ Color-Coded Candlestick Representation with Trend Shift Alerts:
In addition to coloring the candlesticks based on the trend direction, the indicator also uses gray candles to highlight potential early trend shifts. For example, if the Gaussian Filter detects a downtrend but the price moves above the filter line, the candles turn gray, signaling a possible reversal or shift in momentum. Similarly, in an uptrend, if the price moves below the Gaussian Filter line, the candles turn gray as an early indication of potential bearish momentum. This visual cue helps traders stay alert to possible faster shifts in market direction, allowing for quicker decision-making.
🔵 CUSTOMIZATION
Length and Sigma for Gaussian Filter:
Adjust the length and sigma parameters to control how the Gaussian Filter smooths the price data. A longer length provides smoother trend lines, while adjusting sigma can fine-tune the level of smoothing applied.
Levels Display and Candle Coloring:
You can toggle the visibility of entry and exit levels as well as enable or disable the dynamic coloring of candlesticks based on the trend direction. The additional gray color setting provides an extra layer of information, allowing you to spot potential trend reversals early.
🔵 CONCLUSION
The Gaussian Filter indicator is a powerful tool for identifying and following market trends. By providing clear entry and exit signals, along with real-time tracking of price changes, it gives traders a structured way to manage trades and monitor performance. The color-coded candles, including gray to highlight possible trend shifts, add another dimension to visualizing market dynamics. The added flexibility of customizing colors and trend levels makes it a versatile indicator suitable for both trend-following and reversal strategies.
Outside Bar ProbabilityOutside Bar Percentage by Hour Indicator
Description:
The "Outside Bar Percentage by Hour" indicator is a powerful tool designed to analyze the occurrence of outside bars within each hour of the trading day. This indicator not only tracks the frequency of these key market events but also provides a detailed breakdown of their distribution, allowing traders to identify potential patterns and key trading hours.
What It Does:
Outside Bar Detection: The indicator identifies "outside bars," which occur when the high of a bar is higher than the previous bar's high, and the low is lower than the previous bar's low. These bars often signal significant market moves and potential reversals.
Hourly Analysis: The script tracks the total number of bars and outside bars for each hour (0 to 23) of the trading day. This granular analysis helps traders pinpoint specific hours when outside bars are more likely to occur.
Percentage Calculation: It calculates the percentage chance of an outside bar occurring for each hour, based on the total bars observed. This percentage provides a clear view of the likelihood of encountering an outside bar within a given hour, which can be critical for timing entries and exits.
Visual Representation: The data is displayed in a table format directly on the chart, showing:
Hour: The specific hour of the day.
Total Bars: The total number of bars observed during each hour.
Outside Bar Count: The number of outside bars detected in that hour.
Percentage: The calculated percentage chance of an outside bar occurring in each hour.
How It Works:
The indicator uses a loop to analyze each bar in real-time, checking if it qualifies as an outside bar. It then records the occurrence in arrays that track data for each hour.
At the start of each new day, the counts are reset to ensure the data remains relevant and accurate.
The percentage chance of an outside bar occurring is computed using the formula: (Outside Bar Count / Total Bar Count) * 100.
The results are neatly organized in a table that updates dynamically, providing traders with real-time insights.
How to Use It:
Identify Key Trading Hours: Use the table to observe the distribution of outside bars across different hours. This can help you identify when significant market moves are more likely to occur.
Time Your Entries and Exits: Understanding the likelihood of outside bars can assist in timing your trades, particularly if you use strategies that rely on volatility or market reversals.
Market Analysis: The percentage data can provide insights into the market's behavior during specific times, helping you refine your trading strategy based on historical patterns.
Concepts Underlying the Calculations:
The script leverages the concept of "outside bars," which are often considered indicators of potential reversals or significant market movements. By analyzing these bars across different hours, the indicator provides a temporal dimension to market analysis, helping traders understand when these pivotal events are most likely to occur.
The detailed hourly breakdown and percentage calculations offer a nuanced view of market activity, making it a valuable tool for traders looking to enhance their timing and strategic decision-making.
This indicator is suitable for all types of traders, including those focused on day trading, swing trading, or even longer-term analysis. It provides a unique perspective on market activity that can complement other technical indicators and analyses.
Triple Moving Average CrossoverBelow is the Pine Script code for TradingView that creates an indicator with three user-defined moving averages (with default periods of 10, 50, and 100) and labels for buy and sell signals at key crossovers. Additionally, it creates a label if the price increases by 100 points from the buy entry or decreases by 100 points from the sell entry, with the label saying "+100".
Explanation:
Indicator Definition: indicator("Triple Moving Average Crossover", overlay=true) defines the script as an indicator that overlays on the chart.
User Inputs: input.int functions allow users to define the periods for the short, middle, and long moving averages with defaults of 10, 50, and 100, respectively.
Moving Averages Calculation: The ta.sma function calculates the simple moving averages for the specified periods.
Plotting Moving Averages: plot functions plot the short, middle, and long moving averages on the chart with blue, orange, and red colors.
Crossover Detection: ta.crossover and ta.crossunder functions detect when the short moving average crosses above or below the middle moving average and when the middle moving average crosses above or below the long moving average.
Entry Price Tracking: Variables buyEntryPrice and sellEntryPrice store the buy and sell entry prices. These prices are updated whenever a bullish or bearish crossover occurs.
100 Points Move Detection: buyTargetReached checks if the current price has increased by 100 points from the buy entry price. sellTargetReached checks if the current price has decreased by 100 points from the sell entry price.
Plotting Labels: plotshape functions plot the buy and sell labels at the crossovers and the +100 labels when the target moves are reached. The labels are displayed in white and green colors.
Market Cipher B by WeloTradesMarket Cipher B by WeloTrades: Detailed Script Description
//Overview//
"Market Cipher B by WeloTrades" is an advanced trading tool that combines multiple technical indicators to provide a comprehensive market analysis framework. By integrating WaveTrend, RSI, and MoneyFlow indicators, this script helps traders to better identify market trends, potential reversals, and trading opportunities. The script is designed to offer a holistic view of the market by combining the strengths of these individual indicators.
//Key Features and Originality//
WaveTrend Analysis:
WaveTrend Channel (WT1 and WT2): The core of this script is the WaveTrend indicator, which uses the smoothed average of typical price to identify overbought and oversold conditions. WT1 and WT2 are calculated to track market momentum and cyclical price movements.
Major Divergences (🐮/🐻): The script detects and highlights major bullish and bearish divergences automatically, providing traders with visual cues for potential reversals. This helps in making informed decisions based on divergence patterns.
Relative Strength Index (RSI):
RSI Levels: RSI is used to measure the speed and change of price movements, with specific levels indicating overbought and oversold conditions.
Customizable Levels: Users can configure the overbought and oversold thresholds, allowing for a tailored analysis based on individual trading strategies.
MoneyFlow Indicator:
Fast and Slow MoneyFlow: This indicator tracks the flow of capital into and out of the market, offering insights into the underlying market strength. It includes configurable periods and multipliers for both fast and slow MoneyFlow.
Vertical Positioning: The script allows users to adjust the vertical position of MoneyFlow plots to maintain a clear and uncluttered chart.
Stochastic RSI:
Stochastic RSI Levels: This combines the RSI and Stochastic indicators to provide a momentum oscillator that is sensitive to price changes. It is used to identify overbought and oversold conditions within a specified period.
Customizable Levels: Traders can set specific levels for more precise analysis.
//How It Works//
The script integrates these indicators through advanced algorithms, creating a synergistic effect that enhances market analysis. Here’s a detailed explanation of the underlying concepts and calculations:
WaveTrend Indicator:
Calculation: WaveTrend is based on the typical price (average of high, low, and close) smoothed over a specified channel length. WT1 and WT2 are derived from this typical price and further smoothed using the Average Channel Length. The difference between WT1 and WT2 indicates momentum, helping to identify cyclical market trends.
RSI (Relative Strength Index):
Calculation: RSI calculates the average gains and losses over a specified period to measure the speed and change of price movements. It oscillates between 0 and 100, with levels set to identify overbought (>70) and oversold (<30) conditions.
MoneyFlow Indicator:
Calculation: MoneyFlow is derived by multiplying price changes by volume and smoothing the results over specified periods. Fast MoneyFlow reacts quickly to price changes, while Slow MoneyFlow offers a broader view of capital movement trends.
Stochastic RSI:
Calculation: Stochastic RSI is computed by applying the Stochastic formula to RSI values, which highlights the RSI’s relative position within its range over a given period. This helps in identifying momentum shifts more precisely.
//How to Use the Script//
Display Settings:
Users can enable or disable various components like WaveTrend OB & OS levels, MoneyFlow plots, and divergence alerts through checkboxes.
Example: Turn on "Show Major Divergence" to see major bullish and bearish divergence signals directly on the chart.
Adjust Channel Settings:
Customize the data source, channel length, and smoothing periods in the "WaveTrend Channel SETTINGS" group.
Example: Set the "Channel Length" to 10 for a more responsive WaveTrend line or adjust the "Average Channel Length" to 21 for smoother trends.
Set Overbought & Oversold Levels:
Configure levels for WaveTrend, RSI, and Stochastic RSI in their respective settings groups.
Example: Set the WaveTrend Overbought Level to 60 and Oversold Level to -60 to define critical thresholds.
Money Flow Settings:
Adjust the periods and multipliers for Fast and Slow MoneyFlow indicators, and set their vertical positions for better visualization.
Example: Set the Fast Money Flow Period to 9 and Slow Money Flow Period to 12 to capture both short-term and long-term capital movements.
//Justification for Combining Indicators//
Enhanced Market Analysis:
Combining WaveTrend, RSI, and MoneyFlow provides a more comprehensive view of market conditions. Each indicator brings a unique perspective, making the analysis more robust.
WaveTrend identifies cyclical trends, RSI measures momentum, and MoneyFlow tracks capital movement. Together, they provide a multi-dimensional analysis of the market.
Improved Decision-Making:
By integrating these indicators, the script helps traders make more informed decisions. For example, a bullish divergence detected by WaveTrend might be validated by an RSI moving out of oversold territory and supported by increasing MoneyFlow.
Customization and Flexibility:
The script offers extensive customization options, allowing traders to tailor it to their specific needs and strategies. This flexibility makes it suitable for different trading styles and timeframes.
//Conclusion//
The indicator stands out due to its innovative combination of WaveTrend, RSI, and MoneyFlow indicators, offering a well-rounded tool for market analysis. By understanding how each component works and how they complement each other, traders can leverage this script to enhance their market analysis and trading strategies, making more informed and confident decisions.
Remember to always backtest the indicator first before implying it to your strategy.
ATH finder showing passed daysATH Finder Showing Passed Days Indicator
Introducing the "ATH Finder Showing Passed Days" – a cutting-edge TradingView indicator meticulously designed for traders and investors focused on capturing and analyzing the all-time highs (ATHs) of financial markets. Whether you're navigating the volatile waves of cryptocurrencies, the dynamic shifts of the stock market, forex, or any other trading instrument, this indicator is your essential tool for highlighting and understanding ATHs with precision.
Core Features:
Dynamic ATH Tracking: Seamlessly identifies and marks the most recent ATHs in any given market, ensuring that you are always up-to-date with significant price levels that matter the most.
Days Since ATH Visualization: Innovatively displays the number of days that have passed since the last ATH was reached. This powerful feature provides crucial insights into market sentiment, offering a clear view of how long the current price has been consolidating or retreating from its peak.
Visual Enhancements: Features a striking yellow arrow precisely at the ATH point, drawing immediate attention to pivotal market moments without cluttering your chart.
Strategic Placement of Information: Incorporates a non-intrusive label placed in the top right corner of your chart, summarizing the ATH value alongside the days elapsed since its occurrence. This approach ensures your chart remains clean and organized, allowing for other analyses to be conducted without distraction.
Customizable to Fit Your Needs: While it's ready to use out of the box, the indicator provides flexibility for customization, making it adaptable to various timeframes and individual trading strategies.
Benefits for Traders and Investors:
Provides a historical context to current price levels, helping to gauge the strength and potential of market trends.
Aids in identifying potential resistance levels, offering strategic insights for entry and exit points.
Enhances market analysis with a clear, visual representation of significant price milestones and their temporal context.
Easy Setup:
To integrate the "ATH Finder Showing Passed Days" indicator into your trading strategy, simply add it from the TradingView Indicators menu to your chart. Customize according to your preferences and let the indicator illuminate your path to more informed decision-making.
Why Choose the ATH Finder Showing Passed Days?
In the quest for market excellence, understanding the nuances of price movements and their historical significance is paramount. The "ATH Finder Showing Passed Days" indicator not only highlights where and when the market reached its zenith but also contextualizes these moments within the broader tapestry of trading days. Equip yourself with the insight to discern the momentum and potential retracements, elevating your trading to new heights.
Within Standard Deviation Bounds ProbabilityThis indicator calculates the probability of the closing price remaining within the upper and lower bounds defined by the mean and standard deviation of historical percent changes. It also plots the probability line and a horizontal line at 68%, which would be the expected probability for a normal distribution. It is designed to be used with my other indicator "Mean and Standard Deviation Lines.
Inputs:
period (Days): This defines the number of bars used to calculate the mean and standard deviation.
Calculations:
Percent change: Calculates the daily percentage change between closing prices.
Mean and standard deviation: Calculates the mean and standard deviation of the percent changes over the specified period.
Bounds: Calculates the upper and lower bounds by adding/subtracting the standard deviation from the mean, multiplied by the closing price.
Crossover tracking: Iterates through bars and counts crosses above and below the bounds.
Probability calculation: Calculates the total crossover probability as a percentage of the period.
Plotting: Plots the probability line and the horizontal line at 68%.
Limitations:
Assumes a normal distribution of price changes, which may not be accurate in real markets.
Overall:
This indicator provides a way to visualize the probability of the price staying within calculated bounds based on historical volatility. However, it's important to be aware of its limitations and interpret the results within the context of your trading strategy and risk management.
Simple Volume-Based Support & Resistance IndicatorWelcome to my open-source indicator that uses trading volume and market trends to identify potential support and resistance levels. This tool is great for seeing where the price might pause or reverse, helping you make more informed trading decisions.
Why You'll Love This Indicator:
Volume Awareness: It looks at how much trading is happening to better predict support (where the price might stop falling) and resistance (where the price might stop rising).
Trend Tracking: The indicator uses the market's ups and downs to refine these support and resistance areas.
Easy to Read: We've made the lines and zones clear and simple to understand, so you can focus on what matters.
How to Use This Tool:
No complicated settings needed! Since it's open-source, feel free to explore the code and tweak it if you like.
The chart will show support zones in green and resistance zones in red. These are your clues for potential price turns.
The Open-Source Advantage:
This script is completely open for you to use, modify, and share. I believe in community-driven improvements, so dive into the code, see how it works, and if you've got a knack for coding, you can even make it better!
Understanding the Chart:
You'll see the support and resistance levels dynamically drawn on your chart. Green shades are where the price might bounce up, and red shades indicate where it might bounce down.
This indicator is my way of giving back to the trading community. By sharing it openly, I hope we can all help improve it and learn from each other. Happy trading!
Standardized Median Proximity [AlgoAlpha]Introducing the Standardized Median Proximity by AlgoAlpha 🚀📊 – a dynamic tool designed to enhance your trading strategy by analyzing price fluctuations relative to the median value. This indicator is built to provide clear visual cues on the price deviation from its median, allowing for a nuanced understanding of market trends and potential reversals.
🔍 Key Features:
1. 📈 Median Tracking: At the core of this indicator is the calculation of the median price over a specified lookback period. By evaluating the current price against this median, the indicator provides a sense of whether the price is trending above or below its recent median value.
medianValue = ta.median(priceSource, lookbackLength)
2. 🌡️ Normalization of Price Deviation: The deviation of the price from the median is normalized using standard deviation, ensuring that the indicator's readings are consistent and comparable across different time frames and instruments.
standardDeviation = ta.stdev(priceDeviation, 45)
normalizedValue = priceDeviation / (standardDeviation + standardDeviation)
3. 📌 Boundary Calculations: The indicator sets upper and lower boundaries based on the normalized values, helping to identify overbought and oversold conditions.
upperBoundary = ta.ema(positiveValues, lookbackLength) + ta.stdev(positiveValues, lookbackLength) * stdDevMultiplier
lowerBoundary = ta.ema(negativeValues, lookbackLength) - ta.stdev(negativeValues, lookbackLength) * stdDevMultiplier
4. 🎨 Visual Appeal and Clarity: With carefully chosen colors, the plots provide an intuitive and clear representation of market states. Rising trends are indicated in a shade of green, while falling trends are shown in red.
5. 🚨 Alert Conditions: Stay ahead of market movements with customizable alerts for trend shifts and impulse signals, enabling timely decisions.
alertcondition(ta.crossover(normalizedValue, 0), "Bullish Trend Shift", "Median Proximity Crossover Zero Line")
🔧 How to Use:
- 🎯 Set your preferred lookback lengths and standard deviation multipliers to tailor the indicator to your trading style.
- 💹 Utilize the boundary plots to understand potential overbought or oversold conditions.
- 📈 Analyze the color-coded column plots for quick insights into the market's direction relative to the median.
- ⏰ Set alerts to notify you of significant trend changes or conditions that match your trading criteria.
Basic Logic Explained:
- The indicator first calculates the median of the selected price source over your chosen lookback period. This median serves as a baseline for measuring price deviation.
- It then standardizes this deviation by dividing it by the standard deviation of the price deviation over a 45-period lookback, creating a normalized value.
- Upper and lower boundaries are computed using the exponential moving average (EMA) and standard deviation of these normalized values, adjusted by your selected multiplier.
- Finally, color-coded plots provide a visual representation of these calculations, offering at-a-glance insights into market conditions.
Remember, while this tool offers valuable insights, it's crucial to use it as part of a comprehensive trading strategy, complemented by other analysis and indicators. Happy trading!
🚀
COT CFTC Title: Enhanced COT CFTC Analysis Tool
Description:
Introducing the 'Enhanced COT CFTC Analysis Tool', meticulously designed to dissect the CFTC's Commitments of Traders (COT) data. This sophisticated tool aims to equip traders and investors with profound insights into market dynamics, utilizing the positions of Large Speculators, Commercials, and Non-Reportable Positions for a comprehensive market overview.
Key Features:
Large Speculators Analysis: Visualizes the net positions of large speculators, offering insights into speculative market sentiments.
Commercials Insights: Provides a deep dive into the trading activities of commercials, known for their strategic hedging practices.
Non-Reportable Positions Tracking: Displays the activities of smaller speculators, often considered as contrarian indicators.
Additional Plots:
Options Share: Allows selection between the proportion of options in the market.
Net, Short, and Long Positions: Offers options to view net, short, and long positions.
Percentage of Net Short and Long Positions: Displays the percentage of net short and long positions, either as raw data or as an index over a specified time period.
Extreme Value Indicators: Highlights extreme values in the market data, providing critical insights into market peaks and troughs.
This tool features an intuitive display with color-coded lines and charts, simplifying the complex data analysis process. It also includes an innovative 5% detector, highlighting extreme market positions for enhanced market understanding.
Spread Analysis: This feature provides an insightful visualization of the spread between various COT data points, enabling users to gauge the market’s depth and liquidity effectively.
Usage Tips:
Utilize divergence analysis between different groups to identify potential trend reversals.
Keep a close eye on the 5% detector for early indications of market overextensions.
The 'Enhanced COT CFTC Analysis Tool' is a vital addition to your trading arsenal, designed to enrich your trading strategy with precise and actionable market insights. It’s not just an indicator; it’s a comprehensive market analysis suite.
Disclaimer: This indicator is for educational purposes only. Trading decisions should always be approached with caution and based on thorough personal analysis.
Tops & Bottoms by Volume [SS]Hey everyone,
Releasing this indicator that helps you time entries by alerting to potential tops and bottoms in the market.
Background to the indicator:
I was playing around with things that signalled reversals / tops and bottoms in SPSS and R using Pivot Points to mark tops and bottoms. Happened to come across a generally statistically significant relationship between sell to buy volume that was tracked over 10 to 50 candles back and pivot highs and pivot lows.
So I put it into a beta version of an indicator to see how it looked and was a bit surprised.
Since then, I have went back and narrowed down the details of what works/what doesn't work and this is the tentative result!
What it does / How to Use:
It tracks the cumulative buy vs sell volume. Buy volume is cumulated as close > open (or green candles) and sell is open > close (or red candles).
It then cumulates this over a user-defined period (defaulted to 14). It then looks back to see the highest vs lowest areas of sell and buy volume and makes determinations based on this relationship.
The relationship was determined by me using my own analysis and programmed into the indicators algorithm (using highest vs lowest function in pine).
It will plot areas of potential reversal to the upside as green on the histogram or red for a downside reversal. Once this becomes significant enough to signal an actual bottom or top, it will then change the SMA colour from white to green (for bottom) or red (for top).
Your entries generally should be once the SMA turns back to white. So from green to white, you would enter long or inverse for red to white (enter short).
Settings and Customizability:
Here are the key points to keep in mind if you are using this indicator:
Your lookback length should be between 10 to 50. I have left it open for you to modify it below and above this lookback period; however, this is the major periods deemed to be significant in identifying tops and bottoms. Thus, I advise against operating outside of those parameters.
You can toggle between smoothed look or historgram with SMA. The strength in this indicator comes from using the SMA and watching the SMA for signals of reversals, so if you want to filter out the background noise, you can simply look at the plotted SMA. If you want a more responsive indication of impending reversals, leave the smoothed option off and view the histogram in conjunction with the SMA.
The indicator will change the candle colour to red for bearish reversal and green to bullish reversal. This is based on the SMA. You can toggle this off and/or on as desired.
It is recommended to leave ETH (extended trading hours) turned off and RTH turned on.
Please read the instructions carefully.
If you require further assistance, I have posted a tutorial video.
Please be sure you are reading and/or watching carefully.
If you have questions, please feel free to post them below. But bear in mind I likely will not respond if it is already addressed in the description above (this happens often).
Also, feel free to leave your comments or suggestions below as well.
Thanks for checking this out. If you are interested in volume based trading, I suggest also checking out my Buyer to Seller volume indicator which cumulates total buying vs selling volume over a designated lookback period. Both of these used in conjunction are very powerful tools for volume based traders! ( Available here )
NOTE:
The boxes drawn in the chart are my own for demonstration purposes. I unfortunately cannot get the indicator to overlay the boxes on the chart in a separate viewing pane. That is why I opted to use the barcolor function to change the candle color instead :-).
Thanks again everyone and safe trades!
Session High and Session LowI have heard many people ask for a script that will identify the high and low of a specific session. So, I made one.
Important Note: This indicator has to be set up properly or you will get an error. Important things to note are the length of the range and the session definition. The idea is that you would set it up for what's relevant to your trading. Going too far back in the chart history will cause errors. Setting the session for a time that is not on the chart can cause errors. If you set it to look farther back than there are bars to display, you may get an error. What I've found is that if you get an error, you just need to change the settings to reflect available data and it will be able to compile the script. At the time of its publishing, the default range start is set to 10/01/2020. If you're looking at this years later, you'll probably have to set the range to something more recent.
Features:
Plot or Lines:
Using Plot (displayed), the indicator will track the high/low from the end of the session into the next session. Then at the start of the next session, it will start tracking the high/low of that session until its end, then track that high/low until the start of the next session then reset.
Using lines, it will extend horizontal lines to the right indefinitely. The number of sessions back that the lines apply to is a user-defined number of sessions. There are limits to the number of lines that can be cast on a chart (roughly 40-50). So, the maximum number of sessions you can apply the lines to is the last 21 sessions (42 lines total). That gets really noisy though so I can't imagine that is a limiting factor.
Colors:
You can change the background color and its transparency, as well as turn the background color on or off.
You can change the highs and lows colors
You can adjust the line width to your preference
Session Length:
You can use a continuous session covering any user-defined period (provided its not tooooo many candles back)
You can define the session length for intraday
You can exclude weekends
Display Options:
You can adjust the colors, transparency, and linewidth
You can display the plotline or horizontal lines
You can show/hide the background color.
You can change how many sessions back the horizontal lines will track
Let me know if there's anything this script is missing or if you run into any issues that I might be able to help resolve.
Here's what it looks like with Lines for the last 5 sessions and different background color.
Multi-Day VWAP V2Updated from V1.
Chart the multi-day Volume Weighted Average Price ( VWAP ). Normally, the VWAP is tracked for the current day, from the first bar of the day (regular or extended session). The VWAP shows the current value of:
-> sum(hlc3 * volume , barsForDay) / sum( volume , barsForDay),
-> where 'barsForDay' is the total number bars that have elapsed during the day for the chart interval.
The multi-day version tracks the VWAP for N days back, by averaging the previous N - 1 day bars VWAP and the current VWAP for the current bar (chart interval).
This is very different that simply using a volume weighted moving average , since the closing VWAP values are used for the historical day bars. The results are interesting for intraday trades... especially for values of 1, 2, 3, 4, and 5 days.
Version 2 includes the closing VWAP for the previous day. There are enough instances where the price chooses to bounce from the previous day's closing VWAP value that it is worth discussing. Usually this value is at or near the daily pivot, but sometimes not. Circled in the chart are some areas of recent SPY bounces on the previous day's closing VWAP.
It seems that when the 5-Day VWAP and normal VWAP have "enough" percentage separation, that there can be good intraday swing opportunities using bounces off VWAP indicators. This is similar to waiting for Hourly/Daily/Weekly/Monthly/etc pivots to have "enough" separation to allow for swing setups. When pivots are "closely" spaced, odds are the price is range bound for the time period (daily range in the case of day pivots, etc).
Previous closing VWAPs can be plotted for all 5 of the original. As with my other scripts, I welcome all comments to spark new ideas that we can all benefit from.
Enjoy.
Multi-Day VWAP
Chart the multi-day Volume Weighted Average Price ( VWAP ). Normally, the VWAP is tracked for the current day, from the first bar of the day (regular or extended session). The VWAP shows the current value of:
-> sum(hlc3 * volume , barsForDay) / sum( volume , barsForDay),
-> where 'barsForDay' is the total number bars that have elapsed during the day for the chart interval.
The multi-day version tracks the VWAP for N days back, by averaging the previous N - 1 day bars VWAP and the current VWAP for the current bar (chart interval).
This is very different that simply using a volume weighted moving average , since the closing VWAP values are used for the historical day bars. The results are interesting for intraday trades... especially for values of 1, 2, 3, 4, and 5 days.
Enjoy.
Globex Overnight Futures ORB with FIB's by TenAMTrader📌 Globex Overnight Futures ORB with FIB’s – by TenAMTrader
This indicator is designed for futures traders who want to track the Globex Overnight Opening Range (ORB) and apply Fibonacci projections to anticipate potential support/resistance zones. It’s especially useful for traders who follow overnight sessions (such as ES, NQ, CL) and want to map out key levels before the U.S. regular session begins.
⚙️ How It Works
Primary Range (ORB):
You define a start and end time (default set to 18:00 – 18:15 EST). During this period, the script tracks the session high, low, and midpoint.
Opening Range Plots:
High Line (green)
Low Line (red)
Midpoint Line (yellow)
A shaded cloud between High–Mid and Mid–Low for easy visualization.
Fibonacci Projections:
Once the ORB is complete, the script calculates a full suite of Fibonacci retracements and extensions (e.g., 0.236, 0.382, 0.618, 1.0, 1.618, 2.0).
Standard key levels (0.618, 0.786, 1.0, etc.) are always shown if enabled.
Optional extended levels (1.236, 1.382, 1.5, 2.0, etc.) can be toggled on/off.
"Between Range" fibs (such as 0.382 and 0.618 inside the ORB) are also available for traders who like intra-range precision.
🔧 User Settings
Time Inputs: Choose your ORB start/end time.
Color Controls: Customize high, low, midpoint, and fib line colors.
Display Toggles: Turn on/off High, Low, Midpoint lines and Fibonacci projections.
Fib Extensions Toggle: Decide whether to show only major fibs or all extensions.
Alerts (Optional): Alerts can be set for crossing the ORB High, Low, or Midpoint.
📊 Practical Use Cases
Breakout Traders: Use the ORB high/low as breakout triggers.
Mean Reversion Traders: Watch for rejections near fib extension levels.
Overnight Futures Monitoring: Track Globex behavior to prepare for RTH open.
Risk Management: ORB and Fib levels make for natural stop/target placement zones.
⚠️ Disclaimer
This indicator is provided for educational and informational purposes only. It does not constitute financial advice, investment advice, or trading recommendations. Trading futures involves substantial risk of loss and may not be suitable for all investors. Always do your own due diligence and consult with a licensed financial professional before making trading decisions.
200 EMA w/ Ticker Memory200 EMA w/ Ticker Memory — Multi-Symbol & Multi-Timeframe EMA Tracker with Alerts
Overview
The 200 EMA w/ Ticker Memory indicator allows you to monitor the 200-period Exponential Moving Average (EMA) across multiple symbols and timeframes. Designed for traders managing multiple tickers, it provides customizable timeframe inputs per symbol and instant alerts on price touches of the 200 EMA.
Key Features
Multi-symbol support: Configure up to 20 different symbols, each with its own timeframe setting.
Flexible timeframe input: Assign specific timeframes per symbol or use a default timeframe fallback.
Accurate 200 EMA calculation: Uses request.security to fetch 200 EMA from the symbol-specific timeframe.
Visual EMA plots: Displays both the EMA on the selected timeframe and the EMA on the current chart timeframe for comparison.
Touch alerts: Configurable alerts when price “touches” the 200 EMA within a user-defined sensitivity percentage.
Ticker memory: Remembers your configured symbols and displays them in an on-chart table.
Compact info table: Displays current symbol status, alert settings, and timeframe in a clean, transparent table overlay.
How to Use
Configure Symbols and Timeframes:
Input your desired symbols (up to 20) and their respective timeframes under the “Symbol Settings” groups in the indicator’s settings pane.
Set Default Timeframe:
Choose a default timeframe to be used when no specific timeframe is assigned for a symbol.
Adjust Alert Settings:
Enable or disable alerts and set the touch sensitivity (% distance from EMA to trigger alerts).
Alerts
Alerts trigger once per bar when the price touches the 200 EMA within the defined sensitivity threshold.
Alert messages include:
Symbol / Current price / EMA value / EMA timeframe used / Chart timeframe / Timestamp
Customization
200 EMA Color: Change the line color for better visibility.
Touch Sensitivity: Fine-tune how close price must be to the EMA to count as a touch (default 0.1%).
Enable Touch Alerts: Turn on/off alert notifications easily.
For:
- Swing traders monitoring multiple stocks or assets.
- Day traders watching key EMA levels on different timeframes.
- Analysts requiring a quick visual and alert system for 200 EMA touches.
- Portfolio managers tracking key technical levels across various securities.
Limitations
Supports up to 20 configured symbols (can be extended manually if needed).
Works best on charts with reasonable bar frequency due to request.security usage.
Alert frequency is limited to once per bar for clarity.
Disclaimer
This indicator is provided “as-is” for educational and informational purposes only. It does not guarantee trading success or financial gain.
Angle Market Structure [BigBeluga]🔵 OVERVIEW
Angle Market Structure is a smart pivot-based tool that dynamically adapts to price action by accelerating breakout and breakdown detection. It draws market structure levels based on pivot highs/lows and gradually adjusts those levels closer to price using an angle threshold. Upon breakout, the indicator projects deviation zones with labeled levels (+1, +2, +3 or −1, −2, −3) to track price extension beyond structure.
🔵 CONCEPTS
Adaptive Market Structure: Uses pivots to define structure levels, which dynamically angle closer to price over time to capture breakouts sooner.
Breakout Acceleration: Pivot high levels decrease and pivot low levels increase each bar using a user-defined angle (based on ATR), improving reactivity.
Deviation Zones: Once a breakout or breakdown occurs, 3 deviation levels are projected to show how far price extends beyond the breakout point.
Count Labels: Each successful structure break is numbered sequentially, giving traders insight into momentum and trend persistence.
Visual Clarity: The script uses colored pivot points, trend lines, and extension labels for easy structural interpretation.
🔵 FEATURES
Calculates pivot highs and lows using a customizable length.
Applies an angle modifier (ATR-based) to gradually pull levels closer to price.
Plots breakout and breakdown lines in distinct colors with automatic extension.
Shows deviation zones (+1, +2, +3 or −1, −2, −3) after breakout with customizable size.
Color-coded labels for trend break count (bullish or bearish).
Dynamic label sizing and theme-aware colors.
Smart label positioning to avoid chart clutter.
Built-in limit for deviation zones to maintain clarity and performance.
🔵 HOW TO USE
Use pivot-based market structure to identify breakout and breakdown zones.
Watch for crossover (up) or crossunder (down) events as trend continuation or reversal signals.
Observe +1/+2/+3 or -1/-2/-3 levels for overextension opportunities or trailing stop ideas.
Use breakout count as a proxy for trend strength—multiple counts suggest momentum.
Combine with volume or order flow tools for higher confidence entries at breakout points.
Adjust the angle setting to fine-tune sensitivity based on market volatility.
🔵 CONCLUSION
Angle Market Structure enhances traditional pivot-based analysis by introducing breakout acceleration and structured deviation tracking. It’s a powerful tool for traders seeking a cleaner, faster read on market structure and momentum strength—especially during impulsive price moves or structural transitions.
Efficient Candle Range (ECR)Efficient Candle Range (ECR)
A custom-built concept designed to detect zones of efficient price movement, often signaling the start, pause, or end of an implied move.
What is the Efficient Candle Range?
The Efficient Candle Range (ECR) is a unique tool that identifies price zones based on efficient candles—candles with relatively small bodies and balanced wicks. These candles reflect balanced or orderly price action, and when grouped into a range, they can reveal areas of temporary equilibrium in the market.
Rather than focusing on single candles, ECR builds a range that dynamically adjusts as new efficient candles form. This gives traders an objective way to track potential areas of absorption, distribution, or transition.
Why use ECR?
Efficient candles often occur:
At the beginning of a new move, after a liquidity sweep or shift in sentiment
At the end of a strong move, as momentum fades
Within consolidation zones, where price trades in a balanced, indecisive state
While ECRs can appear in any market condition, their interpretation depends on context:
In a range, an ECR might just reflect sideways balance.
But after a sweep or breakout, it could signal a potential shift in direction or continuation.
A close outside the ECR often marks the end of that balance and the start of a new impulse.
How it works
The script detects efficient candles based on body-to-range ratio and wick symmetry.
Consecutive ECs are grouped into a live ECR box.
The box dynamically extends as long as price stays inside the high-low range.
Once a candle closes outside, the ECR is considered invalid (fades visually, but remains visible for reference).
Each active range is labeled "ECR" within the box for easy tracking.
Customizable in settings
Max body percentage of range
Max wick imbalance
Box and label color/transparency
Suggested usage
Let the ECR define your observation zone.
Instead of reacting immediately to an efficient candle, wait for a confirmed breakout from the ECR to validate the next move.
Whether you trade breakouts, reversals, or continuation setups, ECR provides an objective way to visualize price balance and understand when the market is likely to expand.
Designed for individual traders looking to build structure around efficient price movement — no specific methodology required.
