Options Betting Range - Extended# Options Betting Range - Extended
**Options Betting Range - Extended** is a versatile TradingView indicator designed to assist traders in identifying and visualizing optimal options trading ranges for multiple symbols. By leveraging predefined prediction and execution dates along with specific high and low price points, this indicator dynamically draws trendlines to highlight potential options betting zones, enhancing your trading strategy and decision-making process.
## **Key Features**
- **Multi-Symbol Support:** Automatically adapts to popular symbols such as SPY, IWM, QQQ, DIA, TLT, and GOOG, providing tailored options betting ranges for each.
- **Dynamic Trendlines:** Draws both dashed and solid trendlines based on user-defined prediction and execution dates, clearly marking high and low price boundaries.
- **Customizable Parameters:** Easily configure prediction and execution dates, high and low prices, and timezones to suit your specific trading requirements.
- **Single Execution:** Ensures that each trendline is drawn only once per specified prediction date, preventing clutter and maintaining chart clarity.
- **Clear Visual Indicators:** Utilizes color-coded labels to denote high (green) and low (red) price points, making it easy to identify critical trading levels at a glance.
## **How It Works**
1. **Initialization:**
- Upon adding the indicator to your chart, it initializes with predefined symbols and their corresponding high and low price points for two trendlines each.
2. **Configuration:**
- **Trendline 1:**
- **Prediction Date:** Set the year, month, and day when the trendline should be predicted.
- **Execution Date:** Define the year, month, and day when the trendline will be executed.
- **Timezone:** Choose the appropriate timezone to ensure accurate date matching.
- **Trendline 2:**
- Similarly, configure the prediction and execution dates along with the timezone.
3. **Trendline Drawing:**
- On reaching the specified prediction date, the indicator draws dashed trendlines representing the high and low price ranges.
- Solid trendlines are then drawn to solidify the high and low price boundaries.
- Labels are added to clearly mark the high and low price points on the chart.
4. **Visualization:**
- The trendlines and labels provide a visual framework for potential options trading ranges, allowing traders to make informed decisions based on these predefined levels.
## **How to Use**
1. **Add the Indicator:**
- Open your TradingView chart and apply the **Options Betting Range - Extended** indicator.
2. **Select a Symbol:**
- Ensure that the chart is set to one of the supported symbols (e.g., SPY, IWM, QQQ, DIA, TLT, GOOG) to activate the corresponding trendline configurations.
3. **Configure Trendline Parameters:**
- Access the indicator settings to input your desired prediction and execution dates, high and low prices, and select the appropriate timezone for each trendline.
4. **Monitor Trendlines:**
- As the chart progresses to the specified prediction dates, observe the dynamically drawn trendlines and labels indicating the options betting ranges.
5. **Make Informed Trades:**
- Utilize the visual cues provided by the trendlines to identify optimal entry and exit points for your options trading strategies.
## **Benefits**
- **Enhanced Strategy Visualization:** Clearly outlines potential trading ranges, aiding in the formulation and execution of precise options strategies.
- **Time-Saving Automation:** Automatically draws trendlines based on your configurations, reducing the need for manual chart analysis.
- **Improved Decision-Making:** Provides objective price levels for trading, minimizing emotional bias and enhancing analytical precision.
## **Important Considerations**
- **Timezone Accuracy:** Ensure that the timezones selected in the indicator settings align with your chart's timezone to maintain accurate date matching.
- **Chart Timeframe:** The prediction dates should correspond to the timeframe of your chart (e.g., daily, hourly) to ensure that trendlines are triggered correctly.
- **Visible Price Range:** Verify that the high and low prices set for trendlines are within the visible range of your chart to ensure that all trendlines and labels are clearly visible.
## **Conclusion**
**Options Betting Range - Extended** is a powerful tool for traders seeking to automate and visualize their options trading ranges across multiple symbols. By providing clear, customizable trendlines based on specific prediction and execution dates, this indicator enhances your ability to identify and act upon strategic trading opportunities with confidence.
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Cerca negli script per "trendline"
Wedge BreakoutThe Wedge Breakout indicator is designed to identify and signal potential breakouts from a wedge pattern, a common technical analysis formation. A wedge pattern typically forms when the price moves within converging trendlines, indicating a potential upcoming breakout either upwards (bullish) or downwards (bearish).
Identifying Pivot Points:
The indicator first calculates pivot points, which are significant highs and lows that define the wedge's upper and lower boundaries.
Pivot Lows: It identifies the lowest price points over a specified length (input_len), which serves as the lower boundary of the wedge.
Pivot Highs: Similarly, it identifies the highest price points over the same length, forming the upper boundary of the wedge.
Drawing Trendlines:
The pivot points are connected to form dashed trendlines that represent the upper and lower boundaries of the wedge.
The indicator uses the SimpleTrendlines library to manage and draw these trendlines dynamically:
Green Trendline: Indicates an upward slope (bullish).
Red Trendline: Indicates a downward slope (bearish).
Calculating the Breakout Conditions:
A breakout is confirmed when the price action fulfills two conditions:
The candle's high exceeds the upper trendline's highest point.
The candle's low drops below the lower trendline's lowest point.
This condition suggests that the price is squeezing within the wedge pattern and is about to break out.
Determining Breakout Direction:
The direction of the breakout is determined by the candle's closing position relative to its opening:
Bullish Breakout (Upward): When the candle closes above its opening price (close > open) after breaching both trendlines, it suggests a bullish breakout. This condition is marked with a green upward triangle .
Bearish Breakout (Downward): When the candle closes below its opening price (close < open) after breaching both trendlines, it suggests a bearish breakout. This condition is marked with a red downward triangle.
Visual Representation:
Green Triangle Up: Plotted below the bar to indicate a potential bullish breakout.
Red Triangle Down: Plotted above the bar to indicate a potential bearish breakout.
Used library:
www.tradingview.com
Expansion Triangle [TradingFinder] MegaPhone Broadening🔵 Introduction
The Expanding Triangle, also known as the Broadening Formation, is one of the key technical analysis patterns that clearly reflects growing market volatility, increasing indecision among participants, and the potential for sharp price explosions.
This pattern is typically defined by a sequence of higher highs and lower lows, forming within two diverging trendlines. Unlike traditional triangles that converge to a breakout point, the expanding triangle pattern becomes wider over time, leaving no precise apex for a breakout to occur.
From a price action perspective, the pattern represents a prolonged tug-of-war between buyers and sellers, where neither side has taken control yet. Each aggressive swing opens the door to new opportunities whether it's a trend reversal, range trading, or a momentum breakout. This dual nature makes the pattern highly versatile across market conditions, from exhausted trend ends to volatile consolidation zones.
The custom-built indicator for this pattern uses a combination of smart algorithms and detailed analysis of swing dynamics to automatically detect expanding triangles and highlight low-risk entry points.
Traders can use this tool to capitalize on high-probability setups from shorting near the upper edge of the structure with confirmation, to trading bearish breakouts during trend continuations, or entering long positions near the lower boundary during bullish reversals. The chart examples included in this article demonstrate these three highly practical trading scenarios in live market conditions.
A major advantage of this indicator lies in its structural filtering engine, which analyzes the behavior of each price leg in the triangle. With four adjustable filter levels from Very Aggressive, which highlights all potential patterns, to Very Defensive, which only triggers when price actually touches the triangle's trendlines the indicator ensures that only structurally sound and verified setups appear on the chart, reducing noise and false signals significantly.
Long Setup :
Short Setup :
🔵 How to Use
The pattern typically forms in conditions of heightened uncertainty and volatility, where price swings generate a series of higher highs and lower lows. The expanding triangle consists of three key legs bounded by diverging trendlines. The indicator intelligently analyzes each leg's direction and angle to determine whether a valid pattern is forming.
At the core of the indicator’s logic is its leg filtering system, which controls the quality of the pattern and filters out weak or noisy setups. Four structural filter modes are available to suit different trading styles and risk preferences. In Very Aggressive mode, filters are disabled, and the indicator detects any pattern purely based on the sequence of swing points.
This mode is ideal for traders who want to see everything and apply their own discretion.
In Aggressive mode, the indicator checks whether each new leg extends no more than twice the length of the previous one. If a leg overshoots excessively, the structure is invalidated.
In Defensive mode, the filter enforces a minimum movement requirement each leg must move at least 2% of the previous one. This prevents the formation of shallow, weak patterns that visually resemble triangles but lack substance.
The strictest setting, Very Defensive, combines all previous filters and additionally requires the price to physically touch the triangle’s trendlines before issuing a signal. This ensures that setups only appear when real market interaction with key structural levels has occurred, not based on assumptions or geometry alone. This mode is ideal for traders seeking maximum precision and minimal risk.
🟣 Bullish Setup
A bullish setup within the Expanding Triangle pattern occurs when price revisits the lower support boundary after a series of broad swings typically near the third leg of the formation. This area often represents a shift in momentum, where sellers begin to lose strength and buyers prepare to take control.
Ideally, the setup is accompanied by a bullish reversal candle (e.g. doji, pin bar, or engulfing) near the lower trendline. If the Very Defensive filter is active, the indicator will only issue a signal if price makes a confirmed touch on the trendline and reacts from that level. This significantly improves signal accuracy and filters out premature entries.
After confirmation, traders may choose to enter a long position on the bullish candle or shortly afterward. A logical stop-loss is placed just below the recent swing low within the pattern. The target can be set at or near the upper trendline, or projected using the full height of the triangle added to the breakout point. On higher timeframes, this reversal often marks the beginning of a strong uptrend.
🟣 Bearish Setup
A bearish setup forms when price climbs toward the upper resistance trendline, usually as the third leg completes. This is where buyers often begin to show exhaustion, and sellers step in with strength providing an ideal low-risk entry point for short positions.
As with the bullish setup, if the Candle Confirmation filter is enabled, the indicator will only show a signal when a bearish reversal candle forms at the point of contact. If Defensive or Very Defensive filters are also active, the setup must meet strict criteria of proportionate leg movement and an actual trendline touch to qualify.
Once confirmed, traders can enter on the reversal candle, placing a stop-loss slightly above the recent high. The target can be set at the lower trendline or calculated based on the triangle's full height, projected downward. This setup is particularly useful at the end of weak bullish trends or in volatile market tops.
🔵 Settings
🟣 Logic Settings
Pivot Period : Defines how many bars are analyzed to identify swing highs and lows. Higher values detect larger, slower structures, while lower values respond to faster patterns. The default value of 13 offers a balanced sensitivity.
Pattern Filter :
Very Aggressive : Detects all patterns based on point sequence with no structural checks.
Aggressive : Ensures each leg is no more than 2x the size of the previous one.
Defensive : Requires each leg to be at least 2% the size of the previous leg.
Very Defensive : The strictest level; only confirms patterns when price touches trendlines.
Candle Confirmation : When enabled, the indicator requires a valid confirmation candle (doji, pin bar, engulfing) at the interaction point with the trendline before issuing a signal. This reduces false entries and improves entry precision.
🟣 Alert Settings
Alert : Enables alerts for SSS.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
🔵 Conclusion
The Expanding Triangle pattern, with its wide structure and volatility-driven nature, represents chaos but also opportunity. For traders who can read its behavior, it provides some of the most powerful setups for reversals, breakouts, and range-based trades. While the pattern may seem messy at first glance, it is built on clear logic and when properly detected, it offers high-probability opportunities.
This indicator doesn’t just draw expanding triangles it intelligently evaluates their structural quality, validates price interaction through candle confirmation, and allows the trader to fine-tune the detection logic through adjustable filter levels. Whether you’re a reversal trader looking for a turning point, or a breakout trader hunting momentum, this tool adapts to your strategy.
In volatile or uncertain markets, where fakeouts and sudden shifts are common, this indicator can become a cornerstone of your trading system helping you turn volatility into structured, high-quality opportunities.
Price Action [BreakOut] InternalKey Features and Functionality
Support & Resistance (S/R): The script automatically identifies and draws support and resistance lines based on a user-defined "swing period." These lines are drawn from recent pivot points, and users can customize their appearance, including color, line style (solid, dashed, dotted), and extension (left, right, or both). The indicator can also display the exact price of each S/R level.
Trendlines: It draws trendlines connecting pivot highs and pivot lows. This feature helps visualize the current trend direction. Users can choose to show only the newest trendlines, customize their length and style, and select the source for the pivot points (e.g., candle close or high/low shadow).
Price Action Pivots: This is a core component that identifies and labels different types of pivots based on price action: Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL). These pivots are crucial for understanding market structure and identifying potential trend changes. The script marks these pivots with shapes and can display their price values.
Fractal Breakouts: The script identifies and signals "fractal breakouts" and "breakdowns" when the price closes above a recent high pivot or below a recent low pivot, respectively. These signals are visually represented with up (⬆) and down (⬇) arrow symbols on the chart.
Customization and Alerts: The indicator is highly customizable. You can toggle on/off various features (S/R, trendlines, pivots, etc.), adjust colors, line styles, and text sizes. It also includes an extensive list of alert conditions, allowing traders to receive notifications for:
Price Crossovers: When the close price crosses over or under a support or resistance level.
Trendline Breaks: When the price breaks above an upper trendline or below a lower trendline.
Fractal Breaks: When a fractal breakout or breakdown occurs.
GT-FibThis code is declaring the script as an indicator named "GT-Fib" to be plotted on the main chart. The maximum number of lines it can create is limited to 500.
The indicator calculates Fibo using trend breaks. If the trend is not broken and the old trend continues, Fibo continues. However, sometimes you will witness that it does not draw Fibo. Indicates that there is no trend break yet. If current Fibo levels are behind us, it may be wise to wait for a trend change. For trend breaks, I partially benefited from the Lux team's trend lines with break indicator. For your information...
Settings:
A set of user inputs is defined to allow customization. These include lookback period, coefficient, calculation method, and an option to enable/disable backpainting. These inputs help the trader to adapt the script to different market conditions or trading strategies.
Style:
Colors and visual styles for the indicator are defined here, such as the colors for uptrends and downtrends.
Variables Initialization:
Various variables are initialized here. This section prepares the script for further calculations. Key concepts include the initialization of upper and lower boundaries, pivot highs (ph), pivot lows (pl), and a few other variables to track peaks and troughs for trendlines.
Trendline Peaks and Troughs:
The script identifies pivot highs and lows. Whenever a pivot high/low is found, it updates the trendline_top and trendline_bottom respectively.
Calculation Method:
Based on the user's choice, the script calculates a "cycle" value using one of three methods: ATR, Stdev, or Linreg.
Extended Lines:
These are dashed lines that get drawn when a pivot high or pivot low is identified. These lines can be used to visualize potential support or resistance areas.
plotFibRetracement Function:
This function is designed to draw Fibonacci retracement levels between the identified trendline top and bottom. The Fibonacci levels provide potential support and resistance levels that traders often use to make trading decisions.
Plotting Fibonacci using Trendline Peaks and Troughs:
If both trendline_top and trendline_bottom are not 'na' (not available), the script will draw the Fibonacci retracement using the defined function.
How to Use:
The script identifies and displays potential support and resistance zones using Fibonacci retracement levels based on the trendline peaks and troughs. Here's a suggested way to use it:
Adjust Settings: Depending on the instrument you're trading and the timeframe, you might want to adjust the lookback period, coefficient, and calculation method to fine-tune the script to your needs.
Identify Trends: Observe where the pivot highs and lows are formed. The presence of consecutive pivot highs or pivot lows can indicate a prevailing trend.
Use Fibonacci Levels: The Fibonacci retracement levels can act as potential support and resistance. For instance:
During an uptrend, if prices retract and approach a Fibonacci level, it might act as a support level where price could bounce back.
During a downtrend, Fibonacci levels might act as resistance where price could reverse downwards.
Combine with Other Indicators: For a more comprehensive analysis and to increase the reliability of trading signals, you can use this script in conjunction with other technical indicators.
Remember, like all trading tools and techniques, this script should be used in conjunction with proper risk management. It's also a good idea to test any strategy or tool in a demo environment before applying it to a live account.
Another New Adaptive Moving Average [CC]The New Adaptive Moving Average was created by Scott Cong (Stocks and Commodities Mar 2023) and this is a companion indicator to my previous script . This indicator still works off of the same concept as before with effort vs results but this indicator takes a slightly different approach and instead defines results as the absolute difference between the closing price and a closing price x bars ago. As you can see in my chart example, this indicator works great to stay with the current trend and provides either a stop loss or take profit target depending on which direction you are going in. As always, I use darker colors to show stronger signals and lighter colors to show normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicator scripts you would like to see me publish!
A New Adaptive Moving Average [CC]The New Adaptive Moving Average was created by Scott Cong (Stocks and Commodities Mar 2023) and his idea was to focus on the Adaptive Moving Average created by Perry Kaufman and to try to improve it by introducing a concept of effort vs results. In this case the effort would be the total range of the underlying price action since each bar is essentially a war of the bulls vs the bears. The result would be the total range of the close so we are looking for the highest close and lowest close in that same time period. This gives us an alpha that we can use to plug into the Kaufman Adaptive Moving Average algorithm which gives us a brand new indicator that can hug the price just enough to allow us to ride the stock up or down. I have color coded it to be darker colors when it is a strong signal and lighter colors when it is a normal signal. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
🚀 Ultimate Trading Tool + Strat Method🚀 Ultimate Trading Tool + Strat Method - Complete Breakdown
Let me give you a comprehensive overview of this powerful indicator!
🎯 What This Indicator Does:
This is a professional-grade, all-in-one trading system that combines two proven methodologies:
1️⃣ Technical Analysis System (Original)
Advanced trend detection using multiple EMAs
Momentum analysis with MACD
RSI multi-timeframe analysis
Volume surge detection
Automated trendline drawing
2️⃣ Strat Method (Pattern Recognition)
Inside bars, outside bars, directional bars
Classic patterns: 2-2, 1-2-2
Advanced patterns: 3-1-2, 2-1-2, F2→3
Timeframe continuity filters
📊 How It Generates Signals:
Technical Analysis Signals (Green/Red Triangles):
Buy Signal Triggers When:
✅ Price above EMA 21 & 50 (uptrend)
✅ MACD histogram rising (momentum)
✅ RSI between 30-70 (not overbought/oversold)
✅ Volume surge above 20-period average
✅ Price breaks above resistance trendline
Scoring System:
Trend alignment: +1 point
Momentum: +1 point
RSI favorable: +1 point
Trendline breakout: +2 points
Minimum score required based on sensitivity setting
Strat Method Signals (Blue/Orange Labels):
Pattern Recognition:
2-2 Setup: Down bar → Up bar (or reverse)
1-2-2 Setup: Inside bar → Down bar → Up bar
3-1-2 Setup: Outside bar → Inside bar → Up bar
2-1-2 Setup: Down bar → Inside bar → Up bar
F2→3 Setup: Failed directional bar becomes outside bar
Confirmation Required:
Must break previous bar's high (buy) or low (sell)
Optional timeframe continuity (daily & weekly aligned)
💰 Risk Management Features:
Dynamic Stop Loss & Take Profit:
ATR-Based: Adapts to market volatility
Stop Loss: Entry - (ATR × 1.5) by default
Take Profit: Entry + (ATR × 3.0) by default
Risk:Reward: Customizable 1:2 to 1:5 ratios
Visual Risk Zones:
Colored boxes show risk/reward area
Dark, bold lines for easy identification
Clear entry, stop, and target levels
🎨 What You See On Screen:
Main Signals:
🟢 Green Triangle "BUY" - Technical analysis long signal
🔴 Red Triangle "SELL" - Technical analysis short signal
🎯 Blue Label "STRAT" - Strat method long signal
🎯 Orange Label "STRAT" - Strat method short signal
Trendlines:
Green lines - Support trendlines (bullish)
Red lines - Resistance trendlines (bearish)
Automatically drawn from pivot points
Extended forward to predict future levels
Stop/Target Levels:
Bold crosses at stop loss levels (red color)
Bold crosses at take profit levels (green color)
Line width = 3 for maximum visibility
Trade Zones:
Light green boxes - Long trade risk/reward zone
Light red boxes - Short trade risk/reward zone
Shows potential profit vs risk visually
📊 Information Dashboard (Top Right):
Shows real-time market conditions:
Main Signal: Current technical signal status
Strat Method: Active Strat pattern
Trend: Bullish/Bearish/Neutral
Momentum: Strong/Weak based on MACD
Volume: High/Normal compared to average
TF Continuity: Daily/Weekly alignment
RSI: Current RSI value with color coding
Support/Resistance: Current trendline levels
🔔 Alert System:
Entry Alerts:
Technical Signals:
🚀 BUY SIGNAL TRIGGERED!
Type: Technical Analysis
Entry: 45.23
Stop: 43.87
Target: 48.95
```
**Strat Signals:**
```
🎯 STRAT BUY TRIGGER!
Pattern: 3-1-2
Entry: 45.23
Trigger Level: 44.56
Exit Alerts:
Target hit notifications
Stop loss hit warnings
Helps maintain discipline
⚙️ Customization Options:
Signal Settings:
Sensitivity: High/Medium/Low (controls how many signals)
Volume Filter: Require volume surge or not
Momentum Filter: Require momentum confirmation
Strat Settings:
TF Continuity: Require daily/weekly alignment
Pattern Selection: Enable/disable specific patterns
Confirmation Mode: Show only confirmed triggers
Risk Settings:
ATR Multiplier: Adjust stop/target distance
Risk:Reward: Set preferred ratio
Visual Elements: Show/hide any component
Visual Settings:
Colors: Customize all signal colors
Display Options: Toggle signals, levels, zones
Trendline Length: Adjust pivot detection period
🎯 Best Use Cases:
Day Trading:
Use low sensitivity setting
Enable all Strat patterns
Watch for high volume signals
Quick in/out trades
Swing Trading:
Use medium sensitivity
Require timeframe continuity
Focus on trendline breakouts
Hold for target levels
Position Trading:
Use high sensitivity (fewer signals)
Require strong momentum
Focus on weekly/daily alignment
Larger ATR multipliers
💡 Trading Strategy Tips:
High-Probability Setups:
Double Confirmation: Technical + Strat signal together
Trend Alignment: All timeframes agree
Volume Surge: Institutional participation
Trendline Break: Clear level breakout
Risk Management:
Always use stops - System provides them
Position sizing - Risk 1-2% per trade
Don't chase - Wait for signal confirmation
Take profits - System provides targets
What Makes Signals Strong:
✅ Both technical AND Strat signals fire together
✅ Timeframe continuity (daily & weekly aligned)
✅ Volume surge confirms institutional interest
✅ Multiple indicators align (trend + momentum + RSI)
✅ Clean trendline breakout with no resistance above (or support below)
⚠️ Common Mistakes to Avoid:
Don't ignore stops - System calculates them for a reason
Don't overtrade - Wait for quality setups
Don't disable volume filter - Unless you know what you're doing
Don't use max sensitivity - You'll get too many signals
Don't ignore timeframe continuity - It filters bad trades
🚀 Why This Indicator is Powerful:
Combines Multiple Edge Sources:
Technical analysis (trend, momentum, volume)
Pattern recognition (Strat method)
Risk management (dynamic stops/targets)
Market structure (trendlines, support/resistance)
Professional Features:
No repainting - signals are final when bar closes
Clear risk/reward before entry
Multiple confirmation layers
Adaptable to any market or timeframe
Beginner Friendly:
Clear visual signals
Automatic calculations
Built-in risk management
Comprehensive dashboard
This indicator essentially gives you everything a professional trader uses - trend analysis, momentum, patterns, volume, risk management - all in one clean package!
Any specific aspect you'd like me to explain in more detail? 🎯RetryClaude can make mistakes. Please double-check responses. Sonnet 4.5
PowerHouse SwiftEdge AI v2.10 StrategyOverview
The PowerHouse SwiftEdge AI v2.10 Strategy is a sophisticated trading system designed to identify high-probability trade setups in forex, stocks, and cryptocurrencies. By combining multi-timeframe trend analysis, momentum signals, volume confirmation, and smart money concepts (Change of Character and Break of Structure ), this strategy offers traders a robust tool to capitalize on market trends while minimizing false signals. The strategy’s unique “AI” component analyzes trends across multiple timeframes to provide a clear, actionable dashboard, making it accessible for both novice and experienced traders. The strategy is fully customizable, allowing users to tailor its filters to their trading style.
What It Does
This strategy generates Buy and Sell signals based on a confluence of technical indicators and smart money concepts. It uses:
Multi-Timeframe Trend Analysis: Confirms the market’s direction by analyzing trends on the 1-hour (60M), 4-hour (240M), and daily (D) timeframes.
Momentum Filter: Ensures trades align with strong price movements to avoid choppy markets.
Volume Filter: Validates signals with above-average volume to confirm market participation.
Breakout Filter: Requires price to break key levels for added confirmation.
Smart Money Signals (CHoCH/BOS): Identifies reversals (CHoCH) and trend continuations (BOS) based on pivot points.
AI Trend Dashboard: Summarizes trend strength, confidence, and predictions across timeframes, helping traders make informed decisions without needing to analyze complex data manually.
The strategy also plots dynamic support and resistance trendlines, take-profit (TP) levels, and “Get Ready” signals to alert users of potential setups before they fully develop. Trades are executed with predefined take-profit and stop-loss levels for disciplined risk management.
How It Works
The strategy integrates multiple components to create a cohesive trading system:
Multi-Timeframe Trend Analysis:
The strategy evaluates trends on three timeframes (1H, 4H, Daily) using Exponential Moving Averages (EMA) and Volume-Weighted Average Price (VWAP). A trend is considered bullish if the price is above both the EMA and VWAP, bearish if below, or neutral otherwise.
Signals are only generated when the trend on the user-selected higher timeframe aligns with the trade direction (e.g., Buy signals require a bullish higher timeframe trend). This reduces noise and ensures trades follow the broader market context.
Momentum Filter:
Measures the percentage price change between consecutive bars and compares it to a volatility-adjusted threshold (based on the Average True Range ). This ensures trades are taken only during significant price movements, filtering out low-momentum conditions.
Volume Filter (Optional):
Checks if the current volume exceeds a long-term average and shows positive short-term volume change. This confirms strong market participation, reducing the risk of false breakouts.
Breakout Filter (Optional):
Requires the price to break above (for Buy) or below (for Sell) recent highs/lows, ensuring the signal aligns with a structural shift in the market.
Smart Money Concepts (CHoCH/BOS):
Change of Character (CHoCH): Detects potential reversals when the price crosses under a recent pivot high (for Sell) or over a recent pivot low (for Buy) with a bearish or bullish candle, respectively.
Break of Structure (BOS): Confirms trend continuations when the price breaks below a recent pivot low (for Sell) or above a recent pivot high (for Buy) with strong momentum.
These signals are plotted as horizontal lines with labels, making it easy to visualize key levels.
AI Trend Dashboard:
Combines trend direction, momentum, and volatility (ATR) across timeframes to calculate a trend score. Scores above 0.5 indicate an “Up” trend, below -0.5 indicate a “Down” trend, and otherwise “Neutral.”
Displays a table summarizing trend strength (as a percentage), AI confidence (based on trend alignment), and Cumulative Volume Delta (CVD) for market context.
A second table (optional) shows trend predictions for 1H, 4H, and Daily timeframes, helping traders anticipate future market direction.
Dynamic Trendlines:
Plots support and resistance lines based on recent swing lows and highs within user-defined periods (shortTrendPeriod, longTrendPeriod). These lines adapt to market conditions and are colored based on trend strength.
Why This Combination?
The PowerHouse SwiftEdge AI v2.10 Strategy is original because it seamlessly integrates traditional technical analysis (EMA, VWAP, ATR, volume) with smart money concepts (CHoCH, BOS) and a proprietary AI-driven trend analysis. Unlike standalone indicators, this strategy:
Reduces False Signals: By requiring confluence across trend, momentum, volume, and breakout filters, it minimizes trades in choppy or low-conviction markets.
Adapts to Market Context: The ATR-based momentum threshold adjusts dynamically to volatility, ensuring signals remain relevant in both trending and ranging markets.
Simplifies Decision-Making: The AI dashboard distills complex multi-timeframe data into a user-friendly table, eliminating the need for manual analysis.
Leverages Smart Money: CHoCH and BOS signals capture institutional price action patterns, giving traders an edge in identifying reversals and continuations.
The combination of these components creates a balanced system that aligns short-term trade entries with longer-term market trends, offering a unique blend of precision, adaptability, and clarity.
How to Use
Add to Chart:
Apply the strategy to your TradingView chart on a liquid symbol (e.g., EURUSD, BTCUSD, AAPL) with a timeframe of 60 minutes or lower (e.g., 15M, 60M).
Configure Inputs:
Pivot Length: Adjust the number of bars (default: 5) to detect pivot highs/lows for CHoCH/BOS signals. Higher values reduce noise but may delay signals.
Momentum Threshold: Set the base percentage (default: 0.01%) for momentum confirmation. Increase for stricter signals.
Take Profit/Stop Loss: Define TP and SL in points (default: 10 each) for risk management.
Higher/Lower Timeframe: Choose timeframes (60M, 240M, D) for trend filtering. Ensure the chart timeframe is lower than or equal to the higher timeframe.
Filters: Enable/disable momentum, volume, or breakout filters to suit your trading style.
Trend Periods: Set shortTrendPeriod (default: 30) and longTrendPeriod (default: 100) for trendline plotting. Keep below 2000 to avoid buffer errors.
AI Dashboard: Toggle Enable AI Market Analysis to show/hide the prediction table and adjust its position.
Interpret Signals:
Buy/Sell Labels: Green "Buy" or red "Sell" labels indicate trade entries with predefined TP/SL levels plotted.
Get Ready Signals: Yellow "Get Ready BUY" or orange "Get Ready SELL" labels warn of potential setups.
CHoCH/BOS Lines: Aqua (CHoCH Sell), lime (CHoCH Buy), fuchsia (BOS Sell), or teal (BOS Buy) lines mark key levels.
Trendlines: Green/lime (support) or fuchsia/purple (resistance) dashed lines show dynamic support/resistance.
AI Dashboard: Check the top-right table for trend strength, confidence, and CVD. The optional bottom table shows trend predictions (Up, Down, Neutral).
Backtest and Trade:
Use TradingView’s Strategy Tester to evaluate performance. Adjust TP/SL and filters based on results.
Trade manually based on signals or automate with TradingView alerts (set alerts for Buy/Sell labels).
Originality and Value
The PowerHouse SwiftEdge AI v2.10 Strategy stands out by combining multi-timeframe analysis, smart money concepts, and an AI-driven dashboard into a single, user-friendly system. Its adaptive momentum threshold, robust filtering, and clear visualizations empower traders to make confident decisions without needing advanced technical knowledge. Whether you’re a day trader or swing trader, this strategy provides a versatile, data-driven approach to navigating dynamic markets.
Important Notes:
Risk Management: Always use appropriate position sizing and risk management, as the strategy’s TP/SL levels are customizable.
Symbol Compatibility: Test on liquid symbols with sufficient historical data (at least 2000 bars) to avoid buffer errors.
Performance: Backtest thoroughly to optimize settings for your market and timeframe.
DTB
Dynamic Trendline Bands with Buy/Sell Pressure Detection
This indicator provides a comprehensive analysis of price movements by incorporating smoothed high and low bands, a midline, and the detection of buying and selling pressure. It is designed to help traders identify key support and resistance levels as well as potential buy and sell signals.
**Features:**
- **Smooth High and Low Bands:** Based on the highest high and lowest low over a specified period, smoothed using a simple moving average (SMA) to reduce noise and enhance clarity.
- **Midline:** The average of the smoothed high and low bands, providing a central reference point for price movements.
- **Buying and Selling Pressure Detection:** Highlights candles with significant buying or selling pressure, indicated by light green for buying pressure and light red for selling pressure. This is determined based on volume thresholds and price movement.
- **Trendlines:** Dynamic trendlines are drawn based on recent highs and lows, helping to visualize the current trend direction.
**How to Use:**
1. **High-Low Bands:** Use these bands to identify key support and resistance levels.
2. **Midline:** Monitor the midline for potential mean reversion trades.
3. **Buying/Selling Pressure Candles:** Look for candles highlighted in light green or red to identify potential buy or sell signals.
4. **Trendlines:** Follow the dynamic trendlines to understand the direction of the current trend.
**Inputs:**
- **Length:** Number of bars to consider for calculating the highest high and lowest low (default: 200).
- **Smooth Length:** Period for the simple moving average to smooth the high and low bands (default: 10).
- **Volume Threshold Multiplier:** Multiplier for the average volume to detect significant buying or selling pressure (default: 1.5).
This indicator is suitable for all timeframes and can be used in conjunction with other technical analysis tools to enhance your trading strategy.
Vortex MTFUnderstanding Vortex Indicator (VI)
The vortex indicator was first developed by Etienne Botes and Douglas Siepman who introduced the concept in the January 2010 edition of “Technical Analysis of Stocks & Commodities.” The vortex indicator is based on two trendlines: VI+ and VI-.
What is the Vortex Indicator (VI)?
A vortex indicator (VI) is an indicator composed of two lines - an uptrend line (VI+) and a downtrend line (VI-). These lines are typically colored green and red respectively. A vortex indicator is used to spot trend reversals and confirm current trends.
Vortex Indicator Calculations
The calculation for the indicator is divided into four parts.
1. True range (TR) is the greatest of:
Current high minus current low
Current high minus previous close
Current low minus previous close
2. Uptrend and downtrend movement:
VM+ = Absolute value of current high minus prior low
VM- = Absolute value of current low minus prior high
3. Parameter length (n)
Decide on a parameter length (between 14 and 30 days is common)
Sum the last n period’s true range, VM+ and VM-:
Sum of the last n periods’ true range = SUM TRn
Sum of the last n periods’ VM+ = SUM VMn+
Sum of the last n periods’ VM- = SUM VMn−
4. Create the trendlines VI+ and VI-
SUM VMn+/SUM TRn = VIn+
SUM VMn-/SUM TRn = VIn−
Repeating this process daily forms the VI+ and VI- trendlines.
The traditional application of using VI- and VI+ crossovers can result in a number of false trade signals when price action is choppy. Increase the number of periods used in the indicator to reduce this, for example, using 25 periods instead of 14.
What is MTF?
Multiple Time Frame Analysis is the technique of analyzing several time frames of the same asset before entering a trade. This type of analysis is best done using a top-down approach, i.e. starting at a higher time frame and working your way down, via several lower time frames, until the execution time frame is reached where a trade could be entered. Traders who use this technique usually look at 3 or 4 different time frames to identify the general trend and find the best entries. They minimize their risk and improve the odds of success simply by taking the bigger picture into account. It can easily be combined with any trading strategy.
Time frames are usually several times apart. For example a day trader who trades hourly charts, could analyse the weekly (high time frame), the daily (7 times smaller), the 4 hour (6 times smaller) and finally the hourly time frame (execution time frame, 4 times smaller). TradingView has a chart layout feature with multiple charts per layout, so you can analyse an asset on multiple time frames under one tab in your browser.
Summary
With MTF, you can see the Vortex indicator values for a specific time period without changing the graph time period.
Volume Based Analysis V 1.00
Volume Based Analysis V1.00 – Multi-Scenario Buyer/Seller Power & Volume Pressure Indicator
Description:
1. Overview
The Volume Based Analysis V1.00 indicator is a comprehensive tool for analyzing market dynamics using Buyer Power, Seller Power, and Volume Pressure scenarios. It detects 12 configurable scenarios combining volume-based calculations with price action to highlight potential bullish or bearish conditions.
When used in conjunction with other technical tools such as Ichimoku, Bollinger Bands, and trendline analysis, traders can gain a deeper and more reliable understanding of the market context surrounding each signal.
2. Key Features
12 Configurable Scenarios covering Buyer/Seller Power convergence, divergence, and dominance
Advanced Volume Pressure Analysis detecting when both buy/sell volumes exceed averages
Global Lookback System ensuring consistency across all calculations
Dominance Peak Module for identifying strongest buyer/seller dominance at structural pivots
Real-time Signal Statistics Table showing bullish/bearish counts and volume metrics
Fully customizable inputs (SMA lengths, multipliers, timeframes)
Visual chart markers (S01 to S12) for clear on-chart identification
3. Usage Guide
Enable/Disable Scenarios: Choose which signals to display based on your trading strategy
Fine-tune Parameters: Adjust SMA lengths, multipliers, and lookback periods to fit your market and timeframe
Timeframe Control: Use custom lower timeframes for refined up/down volume calculations
Combine with Other Indicators:
Ichimoku: Confirm volume-based bullish signals with cloud breakouts or trend confirmation
Bollinger Bands: Validate divergence/convergence signals with overbought/oversold zones
Trendlines: Spot high-probability signals at breakout or retest points
Signal Tables & Peaks: Read buy/sell volume dominance at a glance, and activate the Dominance Peak Module to highlight key turning points.
4. Example Scenarios & Suggested Images
Image #1 – S01 Bullish Convergence Above Zero
S01 activated, Buyer Power > 0, both buyer power slope & price slope positive, above-average buy volume. Show S01 ↑ marker below bar.
Image #2 – Combined with Ichimoku
Display a bullish scenario where price breaks above Ichimoku cloud while S01 or S09 bullish signal is active. Highlight both the volume-based marker and Ichimoku cloud breakout.
Image #3 – Combined with Bollinger Bands & Trendlines
Show a bearish S10 signal at the upper Bollinger Band near a descending trendline resistance. Highlight the confluence of the volume pressure signal with the band touch and trendline rejection.
Image #4 – Dominance Peak Module
Pivot low with green ▲ Bull Peak and pivot high with red ▼ Bear Peak, showing strong dominance counts.
Image #5 – Statistics Table in Action
Bottom-left table showing buy/sell volume, averages, and bullish/bearish counts during an active market phase.
5. Feedback & Collaboration
Your feedback and suggestions are welcome — they help improve and refine this system. If you discover interesting use cases or have ideas for new features, please share them in the script’s comments section on TradingView.
6. Disclaimer
This script is for educational purposes only. It is not financial advice. Past performance does not guarantee future results. Always do your own analysis before making trading decisions.
Tip: Use this tool alongside trend confirmation indicators for the most robust signal interpretation.
TrendZoneTrendZone - Fibonacci Trendline Indicator
TrendZone is a custom Pine Script indicator that automatically draws fibonacci-based trendlines between key pivot points on your chart.
Key Features:
3 Pivot Points: Set start point, major pivot (reversal), and end point
Dual Trendlines: First trendline (Point 1 → 2) and second trendline (Point 2 → 3)
Fibonacci Levels: Automatically draws 25%, 50%, and 100% fibonacci levels for each trendline
Auto Trend Detection: Automatically identifies bullish/bearish trends and adjusts colors accordingly
Customizable: Full control over colors, line styles, and widths for each fibonacci level
How it Works:
The indicator uses your selected pivot points to create two connected trendline systems. Point 2 serves as the major pivot where the first trend ends and the reversal begins. Each trendline system includes fibonacci retracement levels that extend to the right, helping identify potential support/resistance zones.
Use Cases:
Identifying trend reversals at key pivot points
Finding potential support/resistance levels using fibonacci projections
Visualizing market structure changes between different time periods
Planning entries/exits based on fibonacci trendline interactions
Perfect for traders who use fibonacci analysis combined with trend structure to identify high-probability trading zones.
Pivot WebThe Pivot Web is a prototype with its base derived from TradingView's standard pivot point indicator plus inspiration from LuxAlgo's trendline work alongside my own observations/experiences.
The theory is that there's legitimacy, from a technical standpoint, pivot point calculations are an adequate gauge of momentum and sentiment because the same math was used under pressure by floor traders themselves. That calculation is centered on the average of high, low, and closing prices. This indicator creates trendlines connecting the last pivot, support, and resistance levels to the current ones. A dynamic visual cue could make it easier to assess if the price will continue or reverse the current trajectory. This method also shows us an excellent visual for volatility.
Key Takeaways:
This indicator draws new dynamic trendlines.
These new trendlines connect the past and present pivot point levels based on the timeframe you select.
Shorter timeframes = More trendlines
Price adherence to the path of these lines may offer insight for trading.
Lastly, note the first set of data in each new timeframe displays the current original pivot point levels along with the trendlines attached to their ending point. Most of the time this indicator leaves room by briefly highlighting the original static levels with all levels also being optional displays. Also note that a more stable asset may not require the outermost support and resistance levels. Like most time series analysis tools, the Pivot Web requires current data to function properly.
"Nature is pleased with simplicity, and nature is no dummy."
Smart Trend EnvelopeThe "Smart Trend Envelope" indicator is a powerful tool that combines the "Nadaraya-Watson Envelope " indicator by LuxAlgo and the "Strongest Trendline" indicator by Julien_Eche.
This indicator provides valuable insights into price trends and projection confidence levels in financial markets. However, it's important to note that the indicator may repaint, meaning that the displayed results can change after the fact.
The "Strongest Trendline" indicator by Julien_Eche focuses on identifying the strongest trendlines using logarithmic transformations of price data. It calculates the slope, average, and intercept of each trendline over user-defined lengths. The indicator also provides standard deviation, Pearson's R correlation coefficient, and upper/lower deviation values to assess the strength and reliability of the trendlines.
In addition, the "Nadaraya-Watson Envelope " indicator developed by LuxAlgo utilizes the Nadaraya-Watson kernel regression technique. It applies a kernel function to smooth the price data and estimate future price movements. The indicator allows adjustment of the bandwidth parameter and multiplier to control the width of the envelope lines around the smoothed line.
Combining these two indicators, the "Smart Trend Envelope" indicator offers traders and investors a comprehensive analysis of price trends and projection confidence levels. It automatically selects the strongest trendline length based on the highest Pearson's R correlation coefficient. Traders can observe the trendlines on the price chart, along with upper and lower envelope lines generated by the Nadaraya-Watson smoothing technique.
The "Smart Trend Envelope" indicator has several qualities that make it a valuable tool for technical analysis:
1. Automatic Length Selection: The indicator dynamically selects the optimal trendline length based on the highest Pearson's R correlation coefficient, ensuring accurate trend analysis.
2. Projection Confidence Level: The indicator provides a projection confidence level ranging from "Ultra Weak" to "Ultra Strong." This allows traders to assess the reliability of the projected trend and make informed trading decisions.
3. Color-Coded Visualization: The indicator uses color schemes, such as teal and red, to highlight the direction of the trend and the corresponding envelope lines. This visual representation makes it easier to interpret the market trends at a glance.
4. Customizable Settings: Traders can adjust parameters such as bandwidth, multiplier, line color, and line width to tailor the indicator to their specific trading strategies and preferences.
The "Smart Trend Envelope" indicator has been specifically designed and coded to be used in logarithmic scale. It takes advantage of the logarithmic scale's ability to represent exponential price movements accurately. Therefore, it is highly recommended to use this indicator with the chart set to logarithmic scale for optimal performance and reliable trend analysis, especially on higher timeframes.
It's important to remember that the "Smart Trend Envelope" indicator may repaint, meaning that the displayed results can change after the fact. Traders should use this indicator as a tool for generating trade ideas and confirmation, rather than relying solely on its historical values. Combining the indicator with other technical analysis tools and considering fundamental factors can lead to more robust trading strategies.
TraderDemircan Auto Fibonacci RetracementDescription:
What This Indicator Does:This indicator automatically identifies significant swing high and swing low points within a customizable lookback period and draws comprehensive Fibonacci retracement and extension levels between them. Unlike the manual Fibonacci tool that requires you to constantly redraw levels as price action evolves, this automated version continuously updates the Fibonacci grid based on the most recent major swing points, ensuring you always have current and relevant support/resistance zones displayed on your chart.Key Features:
Automatic Swing Detection: Continuously scans the specified lookback period to find the most significant high and low points, eliminating manual drawing errors
Comprehensive Level Coverage: Plots 16 Fibonacci levels including 7 retracement levels (0.0 to 1.0) and 9 extension levels (1.115 to 3.618)
Top-Down Methodology: Draws from swing high to swing low (right-to-left), following the traditional Fibonacci retracement convention where 100% is at the top
Dual Labeling System: Shows both exact price values and Fibonacci percentages for easy reference
Complete Customization: Individual toggle controls and color selection for each of the 16 levels
Flexible Display Options: Adjust line thickness (1-5), style (solid/dashed/dotted), and extension direction (left/right/both)
Visual Swing Markers: Red diamond at the swing high (starting point) and green diamond at the swing low (ending point)
Optional Trend Line: Connects the two swing points to visualize the overall price movement direction
How It Works:The indicator employs a sophisticated swing point detection algorithm that operates in two stages:Stage 1 - Find the Swing Low (Support Base):
Scans the entire lookback period to identify the lowest low, which becomes the anchor point (0.0 level in traditional retracement terms, though displayed at the bottom of the grid).Stage 2 - Find the Swing High (Resistance Peak):
After identifying the swing low, searches for the highest high that occurred after that low point, establishing the swing range. This creates a valid price movement range for Fibonacci analysis.Fibonacci Calculation Method:
The indicator uses the top-down approach where:
1.0 Level = Swing High (100% retracement, the top)
0.0 Level = Swing Low (0% retracement, the bottom)
Retracement Levels (0.236 to 0.786) = Potential support zones during pullbacks from the high
Extension Levels (1.115 to 3.618) = Potential target zones below the swing low
Formula: Price = SwingHigh - (SwingHigh - SwingLow) × FibonacciLevelThis ensures that 0.0 is at the bottom and extensions (>1.0) plot below the swing low, following standard Fibonacci retracement convention.Fibonacci Levels Explained:Retracement Levels (0.0 - 1.0):
0.0 (Gray): Swing low - the base support level
0.236 (Red): Shallow retracement, first minor support
0.382 (Orange): Moderate retracement, commonly watched support
0.5 (Purple): Psychological midpoint, significant support/resistance
0.618 (Blue - Golden Ratio): The most important retracement level, high-probability reversal zone
0.786 (Cyan): Deep retracement, last defense before full reversal
1.0 (Gray): Swing high - the initial resistance level
Extension Levels (1.115 - 3.618):
1.115 (Green): First extension, minimal downside target
1.272 (Light Green): Minor extension, common profit target
1.414 (Yellow-Green): Square root of 2, mathematical significance
1.618 (Gold - Golden Extension): Primary downside target, most watched extension level
2.0 (Orange-Red): 200% extension, psychological round number
2.382 (Pink): Secondary extension target
2.618 (Purple): Deep extension, major target zone
3.272 (Deep Purple): Extreme extension level
3.618 (Blue): Maximum extension, rare but powerful target
How to Use:For Retracement Trading (Buying Pullbacks in Uptrends):
Wait for price to make a significant move up from swing low to swing high
When price starts pulling back, watch for reactions at key Fibonacci levels
Most common entry zones: 0.382, 0.5, and especially 0.618 (golden ratio)
Enter long positions when price shows reversal signals (candlestick patterns, volume increase) at these levels
Place stop loss below the next Fibonacci level
Target: Return to swing high or higher extension levels
For Extension Trading (Profit Targets):
After price breaks below the swing low (0.0 level), use extensions as profit targets
First target: 1.272 (conservative)
Primary target: 1.618 (golden extension - most commonly reached)
Extended target: 2.618 (for strong trends)
Extreme target: 3.618 (only in powerful trending moves)
For Counter-Trend Trading (Fading Extremes):
When price reaches deep retracements (0.786 or below), look for exhaustion signals
Watch for divergences between price and momentum indicators at these levels
Enter reversal trades with tight stops below the swing low
Target: 0.5 or 0.382 levels on the bounce
For Trend Continuation:
In strong uptrends, shallow retracements (0.236 to 0.382) often hold
Use these as low-risk entry points to join the existing trend
Failure to hold 0.5 suggests weakening momentum
Breaking below 0.618 often indicates trend reversal, not just retracement
Multi-Timeframe Strategy:
Use daily timeframe Fibonacci for major support/resistance zones
Use 4H or 1H Fibonacci for precise entry timing within those zones
Confluence between multiple timeframe Fibonacci levels creates high-probability zones
Example: Daily 0.618 level aligning with 4H 0.5 level = strong support
Settings Guide:Lookback Period (10-500):
Short (20-50): Captures recent swings, more frequent updates, suited for day trading
Medium (50-150): Balanced approach, good for swing trading (default: 100)
Long (150-500): Identifies major market structure, suited for position trading
Higher values = more stable levels but slower to adapt to new trends
Pivot Sensitivity (1-20):
Controls how many candles are required to confirm a swing point
Low (1-5): More sensitive, identifies minor swings (default: 5)
High (10-20): Less sensitive, only major swings qualify
Use higher sensitivity on lower timeframes to filter noise
Individual Level Toggles:
Enable only the levels you actively trade to reduce chart clutter
Common minimalist setup: Show only 0.382, 0.5, 0.618, 1.0, 1.618, 2.618
Comprehensive setup: Enable all levels for maximum information
Visual Customization:
Line Thickness: Thicker lines (3-5) for presentation, thinner (1-2) for trading
Line Style: Solid for primary levels (0.5, 0.618, 1.618), dashed/dotted for secondary
Price Labels: Essential for knowing exact entry/exit prices
Percent Labels: Helpful for quickly identifying which Fibonacci level you're looking at
Extension Direction: Extend right for forward-looking analysis, left for historical context
What Makes This Original:While Fibonacci indicators are common on TradingView, this script's originality comes from:
Intelligent Two-Stage Detection: Unlike simple high/low finders, this uses a sequential approach (find low first, then find the high that occurred after it), ensuring logical price flow representation
Comprehensive Level Set: Includes 16 levels spanning from retracement to extreme extensions, more than most Fibonacci tools
Top-Down Methodology: Properly implements the traditional Fibonacci retracement convention (high to low) rather than the reverse
Automatic Range Validation: Only draws Fibonacci when both swing points are valid and in the correct temporal order
Dual Extension Options: Separate controls for extending lines left (historical context) and right (forward projection)
Smart Label Positioning: Places percentage labels on the left and price labels on the right for clarity
Visual Swing Confirmation: Diamond markers at swing points help users understand why levels are positioned where they are
Important Considerations:
Historical Nature: Fibonacci retracements are based on past price swings; they don't predict future moves, only suggest potential support/resistance
Self-Fulfilling Prophecy: Fibonacci levels work partly because many traders watch them, creating actual support/resistance at those levels
Not All Levels Hold: In strong trends, price may slice through multiple Fibonacci levels without pausing
Context Matters: Fibonacci works best when aligned with other support/resistance (previous highs/lows, moving averages, trendlines)
Volume Confirmation: The most reliable Fibonacci reversals occur with volume spikes at key levels
Dynamic Updates: The levels will redraw as new swing highs/lows form, so don't rely solely on static screenshots
Best Practices:
Don't Trade Blindly: Fibonacci levels are zones, not exact prices. Look for confirmation (candlestick patterns, indicators, volume)
Combine with Price Action: Watch for pin bars, engulfing candles, or doji at key Fibonacci levels
Use Stop Losses: Place stops beyond the next Fibonacci level to give trades room but limit risk
Scale In/Out: Consider entering partial positions at 0.5 and adding more at 0.618 rather than all-in at one level
Check Multiple Timeframes: Daily Fibonacci + 4H Fibonacci convergence = high-probability zone
Respect the 0.618: This golden ratio level is historically the most reliable for reversals
Extensions Need Strong Trends: Don't expect extensions to be hit unless there's clear momentum beyond the swing low
Optimal Timeframes:
Scalping (1-5 minutes): Lookback 20-30, watch 0.382, 0.5, 0.618 only
Day Trading (15m-1H): Lookback 50-100, all retracement levels important
Swing Trading (4H-Daily): Lookback 100-200, focus on 0.5, 0.618, 0.786, and extensions
Position Trading (Daily-Weekly): Lookback 200-500, all levels relevant for long-term planning
Common Fibonacci Trading Mistakes to Avoid:
Wrong Swing Selection: Choosing insignificant swings produces meaningless levels
Premature Entry: Entering as soon as price touches a Fibonacci level without confirmation
Ignoring Trend: Fighting the main trend by buying deep retracements in downtrends
Over-Reliance: Using Fibonacci in isolation without confirming with other technical factors
Static Analysis: Not updating your Fibonacci as market structure evolves
Arbitrary Lookback: Using the same lookback period for all assets and timeframes
Integration with Other Tools:Fibonacci + Moving Averages:
When 0.618 level aligns with 50 or 200 EMA, confluence creates stronger support
Price bouncing from both Fibonacci and MA simultaneously = high-probability trade
Fibonacci + RSI/Stochastic:
Oversold indicators at 0.618 or deeper retracements = strong buy signal
Overbought indicators at swing high (1.0) = potential reversal warning
Fibonacci + Volume Profile:
High-volume nodes aligning with Fibonacci levels create robust support/resistance
Low-volume areas near Fibonacci levels may see rapid price movement through them
Fibonacci + Trendlines:
Fibonacci retracement level + ascending trendline = double support
Breaking both simultaneously confirms trend change
Technical Notes:
Uses ta.lowest() and ta.highest() for efficient swing detection across the lookback period
Implements dynamic line and label arrays for clean redraws without memory leaks
All calculations update in real-time as new bars form
Extension options allow customization without modifying core code
Format.mintick ensures price labels match the symbol's minimum price increment
Tooltip on swing markers shows exact price values for precision
Auto Trend Lines v1.0 This advanced Pine Script indicator automatically detects and draws support and resistance trendlines for any instrument based on two independent lookback periods—short-term and long-term—making it suitable for all types of traders. The indicator identifies pivot highs and lows for both user-configurable lookback lengths, draws trendlines from each anchor point to the current bar, and supports a visually intuitive chart by coloring and labeling each line type separately.
Key features:
Dual lookback: Choose separate short-term and long-term sensitivity for pivots and trendlines.
Customizable: Select the number of displayed lines, colors, and line widths to suit your preferences.
Auto-updating: Trendlines update dynamically with new pivots and extend to the latest bar.
This indicator is ideal for those who want to automate trendline analysis, spot key breakout and reversal areas, and streamline technical trading.
Custom Support & Resistance LevelsThe Smart Auto Trendline Indicator is designed to help traders quickly identify key market trends without the need for manual drawing. It automatically detects swing highs and lows, plots dynamic trendlines, and updates them in real-time as price evolves.
This tool is especially useful for traders who rely on trendline breakouts, pullback entries, or reversal confirmations. By simplifying chart analysis, it saves time and ensures more consistent results.
Key Features:
🔹 Automatic detection of valid swing highs and lows
🔹 Dynamic trendline plotting (auto-adjusts as price moves)
🔹 Highlights potential breakout and breakdown zones
🔹 Works on all timeframes and instruments (Forex, Stocks, Indices, Crypto)
🔹 Clean, non-intrusive design to keep charts clear
🔹 Customizable settings (line color, style, sensitivity)
How to Use:
Apply the indicator to your chart.
Observe automatically drawn trendlines.
Watch for breakouts above/below trendlines for trade entries.
Use in combination with other tools like RSI, MACD, or support/resistance for stronger confirmation.
Best For:
Breakout traders
Swing traders
Trend followers
Forex, Stocks, Crypto, Indices
Options Betting Range - FixedOptions Betting Range
Options Betting Range is a powerful TradingView indicator designed to streamline options trading by visualizing high-probability price ranges for key symbols. With automated trendlines and clear labels, it empowers traders to make precise, data-driven decisions based on customizable prediction and execution dates.
## Key Features
Broad S&P 500 Coverage: Supports most S&P 500 stock symbols, excluding those with insufficient options volume for reliable data, alongside major ETFs and indices like SPY, IWM, QQQ, DIA, TLT, ^GSPC, ^IXIC, ^RUT, ^NDX, and ^SOX.
Automated Trendlines: Plots dashed and solid trendlines to mark high/low price boundaries, triggered only on specified prediction dates for clean, uncluttered charts.
Customizable Inputs: Configure prediction and execution dates to align with your trading strategy.
Clear Visuals: Color-coded labels (green for highs, purple for lows) display price ranges and percentage spreads for rapid decision-making.
Single-Execution Logic: Draws trendlines once per prediction date, ensuring chart clarity and efficiency.
## How It Works
Based on the latest daily open interest data, the indicator calculates swing ranges for different strike dates, drawing trendlines and labels to visualize potential price boundaries for options trading.
## Why Use It?
Streamlined Analysis: Automates range visualization, saving time and reducing manual charting.
Strategic Clarity: Objective price levels minimize emotional bias and enhance trade planning.
Versatile Application: Ideal for day traders, swing traders, and options strategists across multiple markets.
## Tips for Best Use
Regular Updates: To maintain the accuracy of options betting ranges, periodically update the indicator. On the view page, hover over the indicator name and click the blue whirlwind icon to complete the update.
## Get Started
Add Options Betting Range to your TradingView chart, select a supported symbol, and customize your prediction/execution dates. Leverage the visualized price ranges to execute precise options trading strategies with confidence.
Auto FaustAuto Faust – Intraday Market Context & Structure
Auto Faust is a visual market overlay designed for intraday traders who want fast context without relying on signals or automation. It combines classic price tools — VWAP, EMAs, RSI, Chop Score, and market structure trendlines — into a single glanceable dashboard.
🔍 What It Does:
VWAP (Volume Weighted Average Price): Shows the day's fair value price anchor.
EMAs (3, 21, 113, 200): Map short-term to long-term trend alignment. Crossovers can be used for confluence or caution.
RSI (10): Monitors local momentum. Displayed in a compact table.
Chop Score: Measures how directional price action is. High chop = ranging conditions; low = trending.
Session High/Low Tracker: Tracks the daily extremes in real-time.
Volume Monitor: Shows current candle volume, color-coded vs previous bar (green = higher, red = lower).
Dynamic Support & Resistance Lines: Plotted from pivot highs/lows (not static levels).
Automatic Trendlines: Drawn from swing structure, updating live.
📊 How to Use:
Use EMAs + VWAP alignment to assess directional bias.
Confirm clean trends with low Chop Score and RSI support.
Watch for price interaction around dynamic S/R lines and trendline breaks.
Use volume coloring to assess if momentum is increasing or fading.
No buy/sell signals are generated — this is a trader-facing tool to guide discretionary decision-making.
Trend linesThis script aims to identify and plot trend lines and pivot points on a price chart, with the aim of facilitating technical analysis for trading.
The script allows users to configure a number of parameters including the period for Pivot Points, the maximum number of pivots, and the maximum number of trend lines.
Pivot points (local highs and lows in the price data) are identified using TradingView's built-in pivot high and pivot low functions. The identified pivot points are then stored in arrays. The script also optionally plots these points on the chart.
The main goal of the script is to find and plot trend lines based on the pivot points. For each pair of pivot points, it computes the slope of the line connecting them. If all the other pivot points are below this line (for downward trends) or above this line (for upward trends), the line is considered a valid trend line.
The script also includes a feature that suggests potential "buy" or "sell" points along the trend lines. When the price touches the trend line, a label indicating a potential trading action (buy or sell) is created on the chart.
Angular Resistance & Breakout/BreakdownAngular Resistance & Breakout/Breakdown (Dynamic Trendlines)
This indicator provides a dynamic approach to identifying major support and resistance levels by fitting Linear Regression lines to recent pivot points (swing highs and swing lows). Unlike static horizontal lines, these "Angular" trendlines adapt to the market's slope, providing continuously adjusting targets for resistance and support, along with signals for confirmed breakouts and breakdowns.
💡 Key Features
Dynamic Trendlines: Utilizes Linear Regression to automatically draw sloped trendlines based on a configurable number of the most recent swing pivots.
Confirmed Signals: Generates clear Breakout (▲) and Breakdown (▼) signals with optional buffer and sensitivity filters to reduce noise.
Customizable Inputs: Fine-tune the pivot detection period, the number of points used for regression, line extension, and signal sensitivity.
On-Chart Info Panel: A table displays real-time data, including the number of detected pivot points and the current calculated price level of the dynamic lines.
⚙️ How It Works (The Logic)
Pivot Detection: The script uses the standard ta.pivothigh() and ta.pivotlow() functions to reliably identify swing points, based on the Pivot Left and Pivot Right settings. These points are stored in dynamic arrays (highs for resistance, lows for support).
Angular Line Generation: A custom function, f_regression_from_array, performs a Linear Regression analysis using the bar index (X-axis) and the pivot price (Y-axis) for the Points to use. This calculation determines the optimal slope and intercept to draw a best-fit dynamic line through the identified pivot points.
Breakout/Breakdown Confirmation:
Breakout: Triggered when the current close price crosses above the dynamic resistance line plus the user-defined Breakout buffer.
Breakdown: Triggered when the current close price crosses below the dynamic support line minus the user-defined Breakout buffer.
Sensitivity Filter: An optional filter requires the price movement on the signal bar to exceed a minimum percentage (Label sensitivity) away from the line to confirm the momentum of the move.
Auto-Trend Finder (Pivot + ADX)Inspired in part by LuxAlgo Trendlines with Breaks. Extended and enhanced for directional clarity and pivot-based precision.
🔍 What It Does
The Auto-Trend Finder (Pivot + ADX) is a smart trend-detection toolkit that combines:
Pivot-based swing detection (HH, HL, LH, LL)
ADX-filtered trendline projections
Custom slope estimation using ATR, Standard Deviation, Linear Regression, or a blended approach
Candlestick pattern detection for added confirmation (e.g., hammer, engulfing, shooting star)
📈 How It Works
1. Swing Detection
Uses ta.pivothigh / ta.pivotlow to mark major price turning points.
Labels pivots as Higher High (HH), Lower High (LH), Lower Low (LL), or Higher Low (HL).
Optionally overlays basic candle pattern names for visual context.
2. Trendline Logic
Connects successive pivot highs/lows with real-time trendlines.
Draws separate Uptrend and Downtrend lines with distinct colors.
3. Extended Projections
Projects extended dashed lines from the last pivot using slope formulas:
ATR-based (volatility)
Stdev-based (dispersion)
Linear Regression (trend best-fit)
Or a Combined slope using user-defined weights.
Color changes dynamically on breakout to visually signal momentum shifts.
4. ADX Trend Strength Filter
Optional ADX filter disables trendline updates unless directional strength exceeds a threshold (e.g. 20+).
Helps remove noise in sideways markets.
⚠️ Important Notes
Backpainting Warning: This script includes a backpainting setting (backpaint) that may cause lines to appear "reliably predictive" in historical data. Backpainting does not repaint once the pivot is confirmed, but it still reflects a post-fact state. Use this feature cautiously in live trading decisions.
Reused Code Attribution: Extended trendline concept and breakout color logic were inspired by publicly available open-source versions of LuxAlgo's trendline logic. Credit is given in the script comments and here as required.
🛠️ How to Use It
Adjust Pivot Length for swing detection sensitivity.
Toggle ADX filtering on or off to avoid choppy signals.
Choose your preferred Slope Calculation Method.
Use candlestick labels as potential entry signals near trendline retests or breaks.
✅ Why This Is More Than a Mashup
This tool integrates several separate technical methods into one cohesive, customizable framework:
It’s not just combining indicators, it’s engineering synergy between them.
The slope and ADX filtering mechanics dynamically adjust to trend strength.
Candlestick confirmation and labeling give visual, real-time trade confidence.
It enhances open-source logic by adding modular slope options, ADX gating, pattern labeling, and user control.
"Know the structure. Follow the strength. Trade with clarity. Auto-Trend Finder is your edge in the chaos."
