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Baseline-C [ID: AC-P]The "AC-P" version of jiehonglim's NNFX Baseline script is my personal customized version of the NNFX Baseline concept as part of the NNFX Algorithm stack/structure for 1D Trend Trading for Forex. Everget's JMA implementation is used for the baseline smoothing method, with optional ATR bands at 1.0x and 1.5x from the baseline. NNFX = No Nonsense Forex Baseline = Component of the NNFX Algorithm that consists of a single moving average Baseline ---> Meant to be used in conjunction with ATR/C1/C2/Vol Indicator/Exit Indicator as per NNFX Algorithm setup/structure. C1 is 1st Confirmation Indicator, C2 is 2nd Confirmation Indicator. JMA (Jurik Moving Average) is used for the baseline and slow baseline. A slow baseline option is included, but disabled by default. The faint orange/purple lines are 1.0x/1.5x ATR from the Baseline, and are what I use as potential TP/SL targets or to evaluate when to stay out of a trade (chop/missed entry/exit/other/ATR breach), depending on the trade setup (in conjunction with C1/C2/Vol Indicator/Exit Indicator) This script is heavily based upon jiehonglim's NNFX Baseline script for signaling, barcoloring, and ATR. SSL Channel option included but disabled by default (Erwinbeckers SSL component) POC (Point of Control) from Volume Profile is included/enabled by default for both the current timeframe and 12HR timeframe 03.freeman's InfoPanel Divergence Indicator was used a reference to replace the current/previous ATR information infopanel/info draw from jiehonglim's script. I'm not sure whether I like the previous way ATR info was displayed vs how I have it currently, but it's something that is completely optional: Specifically: I am tuning this baseline/indicator for 1D trading as part of the NNFX system, for Forex. DO NOT USE THIS INDICATOR WITHOUT PROPER TUNING/ADJUSTMENT for your timeframe and asset class. Note about lack of alerts: Alerts for baseline crosses (and other crosses) have been purposefully omitted for this version upon initial publication. While getting alerts for baseline crosses under certain conditions/filtered conditions that eliminate low-importance signals and crossover whipsaw would be great, it's something I'm still looking into. SPECIFICALLY: There are entry, exit, take profit, and continuation signal components in relation to the Baseline to the rest of the NNFX Algorithm stack (ATR/C1/C2/Vol Indicator/Exit Indicator), including but limited to the "1 candle rule" and the "7 candle rule" as per NNFX. Implementing alerts that are significant that also factor in these rules while reducing alert spam/false signals would be ideal, but it's also the HTF/Daily chart - visually, entry/exit/continuation signal alignment is easy to spot when trading 1D - alerts may be redundant/a pursuit in diminishing returns (for now). //------------------------------------------------------------------- // Acknowledgements/Reference: // jiehonglim, NNFX Baseline Script - Moving Averages // // Fractured, Many Moving Averages // // everget, Jurik Moving Average/JMA // // 03.freeman, InfoPanel Divergence Indicator // // Ggqmna Volume stops // // Libertus RSI Divs // // ChrisMoody, CM_Price-Action-Bars-Price Patterns That Work // // Erwinbeckers SSL Channel //
Indicatore Pine Script™
di auroagwei
9
Gold Scalping Strategy (5min EMA, RSI, MACD, VPVR)//@version=5 indicator("Gold Scalping Strategy (5min EMA, RSI, MACD, VPVR)", overlay=true) // 🔹 1. EMA 50 & EMA 200 sur un timeframe supérieur (15 min) ema50 = ta.ema(request.security(syminfo.tickerid, "15", close), 50) ema200 = ta.ema(request.security(syminfo.tickerid, "15", close), 200) // Détection des croisements (Golden Cross & Death Cross) goldenCross = ta.crossover(ema50, ema200) deathCross = ta.crossunder(ema50, ema200) plot(ema50, title="EMA 50 (15m)", color=color.blue, linewidth=2) plot(ema200, title="EMA 200 (15m)", color=color.red, linewidth=2) // 🔹 2. RSI (Relative Strength Index) sur 5 min rsi = ta.rsi(close, 14) rsiOverbought = 70 rsiOversold = 30 hline(rsiOverbought, "Surachat (70)", color=color.red) hline(rsiOversold, "Survente (30)", color=color.green) // Détection des signaux RSI rsiBuySignal = ta.crossover(rsi, rsiOversold) rsiSellSignal = ta.crossunder(rsi, rsiOverbought) // 🔹 3. MACD (12,26,9) sur 5 min = ta.macd(close, 12, 26, 9) macdBuy = ta.crossover(macdLine, signalLine) macdSell = ta.crossunder(macdLine, signalLine) plot(macdLine, title="MACD Line", color=color.blue) plot(signalLine, title="Signal Line", color=color.red) // 🔹 4. Volume Profile basé sur 1H pour détecter les zones clés vp = request.security(syminfo.tickerid, "60", ta.highest(close, 50)) plot(vp, title="Zone de volume", color=color.gray, style=plot.style_circles) // ✅ Alertes automatiques adaptées au 5 min alertcondition(goldenCross, title="Golden Cross (Achat)", message="EMA 50 a croisé EMA 200 à la hausse!") alertcondition(deathCross, title="Death Cross (Vente)", message="EMA 50 a croisé EMA 200 à la baisse!") alertcondition(rsiBuySignal, title="RSI Achat", message="RSI est en zone de survente (<30)!") alertcondition(rsiSellSignal, title="RSI Vente", message="RSI est en zone de surachat (>70)!") alertcondition(macdBuy, title="MACD Achat", message="MACD croise au-dessus du signal!") alertcondition(macdSell, title="MACD Vente", message="MACD croise en dessous du signal!") // Affichage des signaux sur le graphique bgcolor(goldenCross ? color.green : na, transp=80) bgcolor(deathCross ? color.red : na, transp=80)
Indicatore Pine Script™
di blissfulOatmea82524
Fixed Range FootprintFixed Range Footprint allows you to analyze the Footprint over a specified time period. By enabling the "Extend Right" option, the Footprint transforms into a classic mode, extending from the starting point to the most recent bar in real-time. Input Options: Group: Coordinates "Start range": Defines the starting coordinate for the Footprint period. "End range": Defines the ending coordinate for the Footprint period. Group: Row Size "Ticks Per Row": Directly sets the price step, calculated by multiplying the input value by syminfo.mintick. "Auto": Activates automatic mode for selecting the "Ticks Per Row" value. "Max row": Relevant in auto mode; it limits the number of rows within a bar. The automatic calculation for "Ticks Per Row" is based on the first available bar and applied to subsequent bars. Group: Imbalance "Imbalance Percent": Sets a percentage-based coefficient to determine price level Imbalance by comparing the diagonal buy price to the previous sell price. "Stacked levels": Defines the minimum number of consecutive Imbalance levels required to draw extended lines. Group: Support "Show Footprint Info": Toggles the display of Footprint information. Group: Value Area "Value Area": Sets the percentage for the Value Area. "POC": Toggles the Point of Control (POC). "VAH": Toggles the Value Area High (VAH). "VAL": Toggles the Value Area Low (VAL). "Show Volume Profile": Displays buy/sell volume at each level. Group: Alerts "Alert on New Imbalance": Enables alerts for the creation of new Imbalance levels. "Alert on New Imbalance Line": Enables alerts for the creation of new Imbalance lines. "Alert on Stop Past Imbalance Line": Enables alerts when price stops past an Imbalance line.
Indicatore Pine Script™
di dboichenko
1
VP demo(Rolling period)Introduction In the native VP (Volume Profile), the commonly referenced parameters are POC (Point of Control), VAH (Value Area High), and VAL (Value Area Low). However, since VAH and VAL are calculated by extending outward from the POC, their values heavily depend on the shape of the VP and the parameter settings of the value area ratio. This means their significance in identifying support and resistance in the market is limited. Based on VP, my algorithm is designed with two additional methods to identify low-volume points within a rolling time period, using them as reference points for support and resistance. Current Algorithm Issues When the candles update, you might notice overlapping support and resistance lines on the chart, or multiple lines appearing near the same location. This is due to TradingView's rendering issue, where old support and resistance lines that have been deleted in the code are not promptly removed from the chart. You only need to refer to the support and resistance lines that extend to the latest candle. If some lines remain at previous candles, it indicates that these points are outdated. As new candles continue to form, these lagging support and resistance lines will automatically disappear once the number of new candles reaches a certain threshold. Additionally, during significant market movements, you may see a large number of red lines. This is because the algorithm does not yet fully recognize abnormal market conditions. Future versions will gradually improve this aspect.
Indicatore Pine Script™
di y71256
NITS - NIFTY INTRADAY TRADING SYSTEMNSE:NIFTY Hello Traders..! This is another indicator / system to make use for NIFTY & BANK NIFTY Intra day trading. This is my Gift to the traders for this New Year 2024. Use this to your Edge and make some profits. All explained below. NIFTY INTRA-DAY TRADING SYSTEM Explanation of Arrays: ------------------------------- ## FIRST 15 MIN SESSION BOX ## From 09:15 to 09:30 where the initial orders will get collected and Auction takes place. DO NOT engage into any trade in this session. Let the Box develop. ## INITIAL HIGH / LOW FORMATION SESSION ## This session is from 09:15 to 10:30. We can observe the Initial High or Low being formed for the day, that is VALID TILL 11:30. ## NO-TRADE ZONE / ACC. AREA / DAY’S H OR L CONFIRMATION SESSION ## From 11:30 to 12:30 90% of time this is the session where the whole Day’s High or Low will get confirmed. Sometimes the market may violate this Session! DO NOT engage into any fresh trade in this area. Once the box is developed, you can see the Mid price line will be formed which is valid for the afternoon Trading session till 15:30. ## SIGNAL LINE, MIDDLE PRICE LINE, SESSION HIGH LOW LINES ## Middle Price Line – the dotted line (Red colour) is Mid Price Line for the Initial session box. This acts as an important price level for the whole day. Signal Line – the Solid line that will form after 10:30. Consider this price line as very important price line to which the price reacts with a good momentum, either break through or rejection and valid for the whole trading day. Session High Low price line – high and low prices of the Initial session box which acts as a good Support / Resistance / Target / Stop loss. Even previous session’s price lines can also be used for the current day too. ## TREND BOX ## Multi-Time frame trend box will show the real-time trend on different time frames. This box will be very helpful in trade decision. Please note that at least THREE HIGHER TIME FRAME TRENDS must be in the same direction to support your trade criteria for the better confirmation. ## VOLUME IMBALANCE ## These orange coloured boxes are very tiny imbalances between prices that were formed during price movements. Algorithm will try to fill these imbalances on its way of filling orders. These price imbalances can be used for our edge while taking trades. SOME TIPS: --------------------------- 1) Avoid Break out trades 2) Always trade the pull backs 3) Keep your Stops above / below the KEY LEVELS 4) Always follow the Higher Time frame trend while taking a trade. If you trade in 1m TF consider 5m trend If you trade in 5m TF consider 1H or 15m trend 5) Consider the higher TF closure of prices only, to validate the break out. 6) Trade what you see, market can do anything it wants. 7) Do not worry about losses. It happens and that is the business. 8) End your trading week in green no matter how big or small the profit is. Consistency is the key this business. 9) Keep in mind that the Market does two things only, either it will FILL THE GAP or GRAB THE LIQUIDITY. Just plan your trades accordingly. Liquidity levels like Previous Session / Day / Week / highs and lows. 10) The Market is a continuous business. It does not end for the specific day. It will not end its Buy or Sell model unless it completes its cycle, hence TRADE WHAT YOU SEE and not WHAT YOU THINK! 11) Unless the key swing high / low is broken and closed, DO NOT consider that move as a reversal. Consider that as a Liquidity grab. And it will continue in its previous trend. HOW TO TAKE TRADE USING NITS: (one of the Techniques) -------------------------------------------------------------------------------- As explained above, Do not engage in trade for the first 15 minutes. Once the 15m box forms then look for divergence between NIFTY and BANK NIFTY. Both Indices are supposed to trade in the same direction but at key levels and times, these instruments will make DIVERGENCE with its Highs and Lows. Ex: one Index will make LOW AND LOWER LOW and at the same time other will make LOW AND HIGHER LOW. This deflection can be used for taking Buy Trades. Ex: If the Divergence forms at the Bottom then the market will move upwards. If the Divergence forms at the Top then the market makes down move. To confirm this divergence, the price will move away from that deflected Lows or Highs. ----------------------------------- POINTS TO OBSERVE ------------------------------------ Mostly the first 15 min range that forms will either be very large candles or normal candles with rejection wicks or Shaved bar (open and H/L same) Whenever you observe a very large wide range bars within the 15min range, consider the Day’s high and Low is already formed. And the market will be hovering inside that range only. Very useful for taking 50 points scalping here and there by using the signal line and middle line or Acc box mid line. In this scenario you have three important info of the day, OPEN HIGH & LOW established already, The market will only look for its close. Ex: If the market trades with normal candles, then consider your trades in two parts. From 09:30 to 11:30 and from 12:30 to 15:30 as 11:30 to 12:30 will confirm the current day’s High / Low hence do not take a fresh position within that time. 1) Initial session trade – If the price does not break and close the 15 min range high/low, consider it is going to reverse and continue its trend till 10:30 Ex: 2) Mid session Trade – mostly the market accumulates positions and collects orders between 11:30 to 12:30 for the afternoon session. Once the session box is developed, the middle price line will form. Wait for the market breakout and close off this session’s high or low in Higher TF. The market will continue in the direction of breakout from this session and continue till 15:30. Hence wait for pull back till its mid price / high or low price lines of this Acc box and take trade in the initial breakout direction keeping stop above or below the session’s high or low. Ex: ## Fixed Range Volume Profile as a Tool ## ----------------- Note: ----------------- Kindly do not ask for any codes or script details. The one technique what I explained (Divergence method) is more than enough for making a consistent earnings. Please study and back test / forward test for yourself for atleast 2 weeks time. Every traders aspect and mindset is different in seeing the market movements. Please design your own methodology and CONSIDER this as a BUSINESS..! JUST..... Believe the System Be patient Be Disciplined & Be a Successful Earner..!! LET YOUR ENDS MEET (Hope I explained well)
Indicatore Pine Script™
di sanjay_ramanathan
10
BE - Pr_DayLowHigh_BreakoutScreener AlgoHerewith presenting the Screener based indicator which supports Algo trade on the NSE stocks. The idea behind this indicator is when the Current day stock breaks out of Yesterday's high or Low with promising volumes (Using MA's and POC of Volume Profile) along with formation of candle Pattern. Initiates the Trade entries. Note: Indicator is designed to take an entry even before the candle is closed as soon as the entry level is crossed and it shall exit the trade as soon as the SL is hit even before candle is close. How to Work with this Indicator. You can map up to 15 Scripts in this indicator. However you may decide if you wish to load all 15 are few of them. if you wish to load only 10, below settings should help you ignore the rest 10 symbols from screening it for setups Updating Symbol Script. This is an important part is used for Algo trades. Read the tooltip for better understanding of the format. Acceptable format is Broker Name followed with : and space with Symbol mapping Name followed with / and Instrument token provided by broker if no token alloted for the script then you may keep 0 against symbol name followed with / and Qty in terms of absolute value or in terms of percentage. Trade and Scan Settings Symbol List Mapping For Improvements in Results - Use Events and keep a track of it / use Nudges etc.
Indicatore Pine Script™
di TradeWiseWithEase
RSI Scalping & Swing Signals With AlertsThis RSI indicator shows a green or red ribbon when the smoothed RSI is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction. To get an easier to read RSI indicator, I smoothed the RSI out and paired it next to a short term RMA. These two together form the ribbon that will show you early reversals and trend direction. The long moving average is used as an overall trend detector and confirmation for longer term trends. ***HOW TO USE*** Scalping: Enter longs when the ribbon turns green and enter shorts when the ribbon turns red. Exit positions when the ribbon turns the opposite color or crosses the long moving average. Swing Trading: When the ribbon holds above the long moving average or breaks out and retests it, look for long positions and exit when the ribbon turns red or crosses the long moving average. When the ribbon holds below the long moving average or breaks down and retests it, look for short positions and exit when the ribbon turns green or crosses the long moving average. ***DETAILS*** This indicator gives early reversal signals very well and waiting for the RSI ribbon to cross the long moving average helps to get you into positions when the market is ready to really move while filtering out some of the noise. The ribbon and background will change to green or red depending on whether it is currently bullish or bearish. There is also a label that changes colors and tells you if RSI is bullish or bearish and also whether the RSI ribbon is above or below the long moving average. Green or red circles will appear on the indicator when there is a bullish or bearish cross of the RSI ribbon and the long moving average. It also has alerts that trigger when RSI is turning bullish/bearish or when the RSI ribbon is crossing the long moving average. ***CUSTOMIZATION*** Each piece of this indicator can be customized to suit your preferences including the RSI source, length, smoothing length, short moving average length and long moving average length. You can also turn off the labels, signals and long moving average. All of these settings can be managed within the indicator settings input tab. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This RSI Scalping & Swing Signals indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Trade Signals, Volume Spike Scanner, Buy & Sell Pressure Volume Profile, and Momentum Scalper in combination with this RSI indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicatore Pine Script™
di FriendOfTheTrend
4
Momentum Scalping & Swing Signals With AlertsThis Momentum indicator shows a green or red ribbon when smoothed momentum is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction. To get an easier to read momentum indicator, I smoothed the momentum out and paired it next to a short term RMA. These two together form the ribbon that will show you early reversals and trend direction. The long moving average is used as an overall trend detector and confirmation for longer term trends. ***HOW TO USE*** Scalping: Enter longs when the ribbon turns green and enter shorts when the ribbon turns red. Exit positions when the ribbon turns the opposite color or crosses the long moving average. Swing Trading: When the ribbon holds above the long moving average or breaks out and retests it, look for long positions and exit when the ribbon turns red or crosses the long moving average. When the ribbon holds below the long moving average or breaks down and retests it, look for short positions and exit when the ribbon turns green or crosses the long moving average. ***DETAILS*** This indicator gives early reversal signals very well and waiting for the momentum ribbon to cross the long moving average helps to get you into positions when the market is ready to really move while filtering out some of the noise. The ribbon and background will change to green or red depending on whether it is currently bullish or bearish. There is also a label that changes colors and tells you if momentum is bullish or bearish and also whether the momentum ribbon is above or below the long moving average. Green or red circles will appear on the indicator when there is a bullish or bearish cross of the momentum ribbon and the long moving average. It includes alerts that trigger when momentum is turning bullish/bearish or when the momentum ribbon is crossing the long moving average. ***CUSTOMIZATION*** Each piece of this indicator can be customized to suit your preferences including the momentum source, length, smoothing length, short moving average length and long moving average length. You can also turn off the labels, signals and long moving average. All of these settings can be managed within the indicator settings input tab. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This Momentum Scalping & Swing Signals indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Trade Signals, Volume Spike Scanner, Buy & Sell Pressure Volume Profile, and RSI Scalper in combination with this momentum indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicatore Pine Script™
di FriendOfTheTrend
5
Auto Support & Resistance With Wick Signals & Percentage GapsThis auto support and resistance indicator uses percentage deviations from the previous session close to calculate levels. It provides arrows as signals when it detects 2 wicks in the last 5 bars from a support or resistance level. Includes alerts for price crossing any level as well as real time percentage gaps from current price to the next closest support and resistance level. You also have the option to set up to 3 major levels of your own for any levels that are very important on longer timeframes that you want included. Those will show on the chart as well as within your percentage gap table with color coded background. All features can be customized or turned off to suit your preferences. SOURCE This indicator uses the previous session close as a source by default but can be adjusted to use the previous session high or the previous session low. I find the close setting to provide the most accurate levels. SESSION The default setting for the previous session used is the daily session but can be adjusted to use the daily, weekly, monthly, quarterly or yearly session. Use longer sessions when looking at longer time frame charts. SIGNALS The signals by default are set to only show an arrow if there have been 2 bullish or bearish wicks off of a support or resistance level in the last 5 bars. This can be changed to one bullish wick off of support and one bearish wick off of resistance or it can be set to give a signal anytime a bar crosses a support or resistance level. This can be controlled in the indicator settings. PERCENTAGE DEVIATION LEVELS The default percentage deviation is set to 1% but can and should be adjusted according to whatever ticker you are using. For example use .25% or .5% when looking at forex intraday charts since they are not as volatile as other markets. For leveraged etfs used 1% multiplied by the leverage on the etf, so for SQQQ use 3% as it is a 3x leveraged etf. When looking at longer timeframes or highly volatile charts, set the percentage deviation to 2%, 5%, 10%, etc. LINE COLORS The color of the lines will change from red to green depending on if the price is above or below that level. You can customize these colors in the settings. MAJOR LEVELS If you have major levels of support and resistance from longer timeframes and your own charting, you can add up to 3 major levels that will show on the chart as well as show the percentage gaps in the table. The label for each major level will be colored to match the color of the line on the chart individually. PERCENTAGE GAP TABLE The gap table will update live with percentages to go from current price to the next closest support and resistance levels so you don’t have to calculate them manually. The position of the percentage gap table can also be changed within the indicator settings. TURN FEATURES ON/OFF There are 3 toggle switches so you can easily turn on or off certain features such as: the support and resistance lines, the percentage gaps table and the arrow signals. LINE WIDTHS You can also set the line width of all levels and the line width of the starting level within the indicator settings. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This automatic support and resistance indicator can be used on all timeframes as long as there is enough data for the session used. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Volume Spike Scanner, Volume Profile, Momentum and Trend Friend in combination with this auto support and resistance indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicatore Pine Script™
di FriendOfTheTrend
18
Single Prints - Session Initial BalancesDisclaimer: Expose yourself to the knowledge of different trading methods. If you are unaware of what a Single Print is then do some research and broaden your knowledge. This indicator has only been tested on BTCUSDT Binance pair. This indicator is meant to be used on the 30 minute timeframe to highlight Single Prints. The calculations are base on 0000 UTC and what Single Prints are created during that day. Single Prints Single Prints are where prices moves to fast through an area (on a 30 minute timeframe), in the case of this indicator in $50 intervals, where the price has not yet cross back past, represented as orange lines. If you were viewing this on a Time Price Opportunity Chart (TPO) each $50 would be represented as a square with a letter in it. If price has only been through that area once, within that 24 hour period, then it is called a Single Print. If however the Single Print is on the lower wick of the candle it is called a Buying Tail and on the Upper Wick a Selling Tail. Single Prints leave low volume nodes with liquidity gaps, these inefficient moves tend to get filled, and we can seek trading opportunities once they get filled, or we can also enter before they get filled and use these single prints as targets. Single Prints are a sign of emotional buying or selling as very little time was spent at those levels and thus there is no value there. The endpoints of single print sections are considered to be potential support or resistance points and or get filled (like a CME gap). The above is only a very short summary, to understand Single Prints, Buying Tails and Selling Tails more please do your own research (DYOR). References: Trading Riot Volume Profile - Website TOROS TPO Charts Explained - Youtube Session Boxes Session Boxes are the high and low of that markets session before the new market session opens. I used the data from the website Trading Hours for the time input. White box – Start of day UTC 0000 to Market Close UTC 2000 Purple box – Asia Start UTC 0130 to London Start UTC 0700 Yellow box – London Start UTC 0700 to New York Start UTC 1330 Blue box – New York Start UTC 1330 to Market Close UTC 2000 Red box – Market Close UTC 2000 to End of day UTC 2359 References: Trading Hours - Website Initial Balance The Initial Balance is the market range between the high and low of the first hour of trading for the market. In the case of crypto when is the Initial Balance if it is 24/7. Context of Initial Balance: The Initial Balance is traditionally the range of prices transacted in the first hour of trade. Many regard the Initial Balance as a significant range because, especially for the index futures which are tied to the underlying stocks, orders entered overnight or before the open are typically executed prior to the end of the first hour of trade. Some use it to understand how the rest of the day may develop, while others use it as a span of time to avoid trading altogether because of its potential volatility. For this indicator I have coded the Initial Balance time as below: White Box - To appear for the first hour of the day 0000 to 0100 UTC . Purple Box - To appear for the first hour of the day 0130 to 0230 UTC . Yellow Box - To appear for the first hour of the day 0700 to 0800 UTC . Blue Box - To appear for the first hour of the day 1330 to 1430 UTC . Red Box - To appear for the first hour of the day 2000 to 2100 UTC . The diagram above shows some examples: How price (white arrows) retraces the single prints. How price (red arrows) uses the single prints as S/R. References: Not Hard Trading – Website My Pivots Initial Balance - Website Thanks go to: StackOverFlow Bjorn Mistiaen Trading View user mvs1231 Please message me if you have any feedback/questions. I am looking at developing this indicator further in the future.
Indicatore Pine Script™
di Frien_dd-DisDev
35
PRIME - ShadoW ZoneZ with RSI LevelsIn This experimental study, we've taken RSI data, Volume Profile, and Trend analysis, combining them into one unique package that will allow a trader to analyze market trend lines and their proposed channels, trend momentum through candle color augmentation similar to "Pulse", and Visible Volume index price levels on chart for the current sequence. Below are explanations of each function within the system. The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal Automatic Trend Lines The indicator takes in 2 timeframes to detect High and Low values from which to draw the trend lines of each timeframe. As the values change with price movement, the lines are updated. They are color coded for uptrend and downtrend based on the direction of each individual line. Trend lines can be set up to color with only the default value on the configurations panel. - Toggle on/off Color Coded - Change Default, Uptrend, Downtrend color - Change Line Width - Change Line Style - Toggle on/off Line Extensions - Change Extended Line Width - Change Extended Line Style - Toggle On/Off labels for 7 data points of each timeframe Automatic Trend Sights This is a neat feature that may help you get a better feel for the direction the current movement is heading towards in correlation with the short or medium length timeframe trends. The sight draws a line from the middle vertical point of the trend coordinates towards the current price. They are toggled off by default but can be enabled in the configurations panel. - Toggle on/off sight on each timeframe - Change Width - Change Line Style Support & Resistance Levels, the main aim of the study. Level calculations are based on Relative Strength Index ( RSI ) threshold levels of oversold/overbought and bull/bear zones, where all threshold values are customizable through the user dialog box. Background of the levels can be colored optionally. RSI Weighted Colored Bars and/or Mark Overbought/Oversold Bars , Bar colors can be painted to better emphasis RSI values. Darker colors when the oscillator is in oversold/overbought zones, light colors when oscillator readings are below/above the bull/bear zone respectively, and remain unchanged otherwise. Besides the colors, with “Display RSI Overbought/Oversold Price Bars” option little triangle shapes can be plotted on top or bottom of the bars when RSI is in oversold/overbought zones . Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicatore Pine Script™
di prim3associat3s
17
Mean Deviation Detector - Throw Out All Other IndicatorsI set out this morning to create a script that searches out price moves that went too far too fast relative to historical pricing, given that such situations often result in the most profitable trading opportunities. I came up with the mean deviation detector. This script should be used as a means of judging how far a price is trading, in percent terms, from it's "average trading zone". This is extremely helpful in a couple scenarios. First, it can be used to judge a move's volatility relative to it's previous volatility. Put simply, a 5% move in the stock of Coca Cola is a lot more meaningful than a 5% move in the stock of Tesla, and the detector puts moves into historical (visual) perspective. Second, the indicator can be used in real time as a means of determining when the chances of mean reversion are high or low. Extreme values are unsustainable and often lead to EITHER A.) price mean reversion or B.) time mean reversion. Put simply, prices either went too far and are due to fall back to a historical mean, or they need more time to digest a potentially new pricing zone. Without getting too deep into volume profile analysis, the MDD can be a simple way of telling that a stock has moved into an "air pocket", where prices will either come back to the previous volume node (price mean reversion) or set up shop in a new, uncharted area (time mean reversion). An extreme value doesn't always mean a trading opportunity, but it means that something interesting is happening in the stock / instrument. I use this indicator to help me trade covered calls. Lots of high yielding weekly opportunities are stocks that have moved too far too fast, and I like to use this indicator as a means of either a.) scooping up stocks that have gotten beat up from a historical mean perspective & have likely seen the risk already "beaten" out of them, or to b.) stay away from stocks that have a very high chance of price correcting lower. In situations where I say that the risk has been "beaten" out of something, it doesn't mean that the stock won't continue to fall, it simply means that the degree and acceleration of the fall has peaked and that risk premiums in selling options will / should easily pay for continued losses. In the event that it's a price correction and not a time correction, you also increase your bat rate because you get auto-liquidated at a max profit. It's a really valuable tool in my kit. You can also feel free to put a Keltner Chanel overlay onto the MDD to filter out noise, identify "extreme" values, and place mean reversion trades if you expect price mean reversion is likely, if you want to use this as the basis of a proper trading strategy. For a high extreme value, you could sell short term OTM call spreads, for example. The MDD is adaptable to your own trading style & preferences.
Indicatore Pine Script™
di PropNotes
6
Initial Balance - (IB)Hello Traders, --->> Initial Balance (IB) which plays a very important role in Day Trading, that can be used as a referance area <<--- This indicator plots the 1 Hr IB high and low area that can be used as a tool for trading decision. Will be very helpful to the traders who has idea about Volume Profile trading. Just a note : If the IB is narrow compared to the prev day then one can expect a breakout, if IB is extended then the day might be oscillating inside the area only. nothing fancy :))) cheers, enjoy Sanjay Ramanathan
Indicatore Pine Script™
di sanjay_ramanathan
23
Flow Optimized Moving AverageOverview The Flow Optimized Moving Average (Flow OMA) is an advanced adaptive moving average designed to dynamically adjust smoothing factors based on market efficiency and volatility. By integrating the Efficiency Ratio (ER) with an Adaptive Moving Average (AMA) and leveraging ATR-based bands, this indicator provides traders with a refined tool for identifying trend direction, strength, and potential reversal zones. Key Features Adaptive Moving Average (AMA) Adjusts to price action based on the Efficiency Ratio (ER), reducing lag in trending markets while smoothing noise in ranging conditions. Efficiency Ratio (ER) Measures the effectiveness of price movement over a defined lookback period. Helps in dynamically adjusting the smoothing constant of the AMA. ATR-Based Volatility Bands Creates upper and lower dynamic bands based on the Average True Range (ATR). Expands in high volatility and contracts in low volatility, providing traders with a contextual understanding of price action. Slope-Based Trend Strength Normalizes the moving average slope relative to ATR. Generates a trend strength score, which influences band opacity, making strong trends visually distinguishable. Dynamic Color Coding Bullish Trends: Cyan/Turquoise (#00e2ff) Bearish Trends: Blue (#003ff5) Neutral Trends: Gray The transparency of the bands dynamically adjusts based on trend strength. Fill Zone Effect The area between the ATR bands is filled with a gradient-like effect, giving a clear visual representation of trend strength and transitions. Indicator Components Inputs (User Settings) ER Lookback Period: Defines how many bars are used in the Efficiency Ratio calculation (default: 10). Fast & Slow Periods: Control the sensitivity of the Adaptive Moving Average (default: 2 & 30). ATR Period: Defines the lookback for Average True Range (default: 14). Band Multiplier: Determines the width of ATR-based bands (default: 1.5). Slope Average Period: Smooths trend slope for more stable trend assessment (default: 5). Efficiency Ratio Calculation Measures how effectively price moves in a straight line compared to its total movement. A higher ER value suggests strong trend momentum, while a lower value implies consolidation. Adaptive Moving Average (AMA) Dynamically adjusts its smoothing factor based on ER. Uses a smoothing constant that ranges between the fastest and slowest specified values. Volatility-Based Bands Constructed using the ATR multiplier. Expand and contract dynamically in response to market volatility. Trend Strength & Direction Computed using the normalized slope of AMA against ATR. Positive slope = Bullish trend, Negative slope = Bearish trend. Visual Enhancements Colored Adaptive MA Line: Changes based on trend direction. ATR Bands with Gradient Fill: Visual representation of market conditions. Dynamic Opacity: Highlights trend strength through transparency. How to Use the Flow OMA Indicator Trend Identification When the Adaptive MA is rising and colored cyan, a bullish trend is in play. When the Adaptive MA is falling and colored blue, a bearish trend is present. Trend Strength Assessment A stronger trend results in more opaque band fills, indicating a clear directional bias. Weaker trends or consolidations result in fainter fills, signaling a loss of momentum. Reversal Signals If price touches the upper band in a bullish move and starts reversing, it can indicate potential profit-taking areas. If price approaches the lower band in a bearish move and rebounds, a short-term reversal may be imminent. Volatility Insights Narrow bands indicate low volatility and possible breakout conditions. Wider bands suggest increased volatility, warning traders of potential price swings. Best Practices ✅ Combine with Other Indicators Use RSI, MACD, or Volume Profile for confirmation before executing trades. ✅ Apply to Multiple Timeframes Works effectively in higher timeframes (1H, 4H, Daily) for trend trading. Can be utilized in lower timeframes (5m, 15m) for scalping setups. ✅ Adjust Parameters Based on Asset Volatility Increase ATR Period for stocks with high volatility. Reduce ATR Multiplier for forex pairs to avoid excessive band width. The Flow Optimized Moving Average (Flow OMA) is a powerful trend-following tool designed for both swing and intraday traders. Its adaptive nature allows it to efficiently track trends while minimizing false signals. By incorporating dynamic volatility bands and trend-sensitive color coding, this indicator enhances traders' ability to read price action effectively. Whether used standalone or in combination with other indicators, Flow OMA provides a significant edge in trend analysis.
Indicatore Pine Script™
di paradoxalgo
Dual Keltner ChannelsDual Keltner Channels (DKC) Indicator 📊 🔹 About This Indicator This indicator is an enhanced version of the original Keltner Channel available in TradingView. The Keltner Channel was initially designed as a volatility-based envelope around a moving average, helping traders identify trends, breakouts, and potential reversal zones. 💡 Original Creator: The Keltner Channel concept is based on the work of Chester W. Keltner and was later implemented in various trading platforms, including TradingView’s built-in Keltner Channel indicator. This script builds upon the TradingView version of the Keltner Channel, adding: ✅ Dual Keltner Bands (Inner & Outer) for better trend and volatility analysis. ✅ Customizable Moving Averages (EMA/SMA) for flexibility. ✅ Multiple Band Calculation Methods (ATR, True Range, Range) for improved accuracy. ✅ Shaded Zones Between the Bands for enhanced visual clarity. ⚡ Credit: This indicator is an enhancement of the original Keltner Channel Indicator in TradingView. All improvements and modifications are made to provide deeper market insights while maintaining the core principles of the original Keltner concept. 🔹 Overview The Dual Keltner Channels (DKC) indicator overlays two Keltner Channels on the price chart, helping traders spot trends, breakouts, and reversals with greater precision. Inner Keltner Band (Multiplier 1): Captures normal price movements. Outer Keltner Band (Multiplier 2): Highlights extreme price movements and potential breakouts. 🔹 Features & Inputs 📌 Main Inputs: Keltner Channel Length: Defines the lookback period for the moving average calculation. Source Price: Selects the price type (close, open, high, low) to calculate the bands. Exponential Moving Average (EMA) Option: Choose between Exponential (EMA) or Simple (SMA) as the basis for calculations. Bands Style: Selects how the volatility is measured: Average True Range (ATR) (default) True Range (TR) Range (High - Low) ATR Length: Determines the length of ATR calculations. Enable Multiplier 1 & 2: Toggle to display/hide inner (multiplier 1) and outer (multiplier 2) bands. 📌 Keltner Channels Calculation: Moving Average (MA): Uses either EMA or SMA for the midline. Volatility Band Calculation: Upper Band 1 (Inner Band): MA + (Multiplier 1 × Volatility Measure) Lower Band 1 (Inner Band): MA - (Multiplier 1 × Volatility Measure) Upper Band 2 (Outer Band): MA + (Multiplier 2 × Volatility Measure) Lower Band 2 (Outer Band): MA - (Multiplier 2 × Volatility Measure) 📌 Visuals & Plotting: Inner Bands (Multiplier 1): Blue upper & lower lines. Outer Bands (Multiplier 2): Darker blue upper & lower lines. Basis Line: White moving average. Shaded Areas: Between Upper 1 & Upper 2 (Light Brown Area): Identifies the upper Keltner region. Between Lower 1 & Lower 2 (Light Brown Area): Identifies the lower Keltner region. 🔹 How to Use the Dual Keltner Channels Indicator ✅ 1. Trend Identification Price above the upper outer band (Multiplier 2): Strong uptrend – potential continuation. Price below the lower outer band (Multiplier 2): Strong downtrend – potential continuation. Price within the inner bands (Multiplier 1): Sideways market – possible consolidation. ✅ 2. Breakout Trading Break above outer upper band: Indicates a bullish breakout – consider long trades. Break below outer lower band: Indicates a bearish breakdown – consider short trades. ✅ 3. Overbought & Oversold Conditions Price touching/exceeding outer bands (Multiplier 2): Potential reversal zones. Reversal confirmation: Look for candlestick patterns (e.g., Doji, Engulfing) or divergence signals. ✅ 4. Pullback & Entry Zones Price bouncing from inner bands (Multiplier 1): Good re-entry point in trend direction. Inner band as support/resistance: Helps in setting stop-loss and profit targets. 🔹 Effective Trading Strategies Using DKC 📌 1. Trend Following Strategy (Using Moving Average & Bands) ✅ Look for price staying above/below the basis line (MA) within the outer bands. ✅ Use pullbacks to the inner bands as re-entry points for trend continuation. ✅ Confirm trend strength with momentum indicators like RSI, MACD. 📌 2. Breakout Trading Strategy ✅ Identify a tight consolidation phase within the inner Keltner bands. ✅ Wait for a strong breakout beyond the outer bands. ✅ Enter long/short trades based on breakout direction. ✅ Place stop-loss at the previous inner band to manage risk. 📌 3. Reversal Strategy (Mean Reversion) ✅ When price extends beyond the outer band (Multiplier 2), look for reversal signals (candlestick patterns, RSI divergence). ✅ Enter counter-trend trades with tight stop-loss beyond the band. ✅ Target the moving average (basis line) as take-profit. 🔹 Final Thoughts 💡 The Dual Keltner Channels (DKC) is a powerful upgrade to the standard Keltner Channel, providing: ✅ Greater clarity on trend strength ✅ More precise breakout & reversal signals ✅ Better visual insights for dynamic market conditions 📌 Best Used With: RSI, MACD, Volume Profile, Price Action Signals. 📌 Works on: Stocks, Forex, Crypto, Commodities, Indices.
Indicatore Pine Script™
di jochacko11
Opening Score with DivergenceOverview The Opening Score Indicator is a versatile tool designed to help traders assess market sentiment, trend direction, and potential reversals. By combining Opening Range Breakout (ORB), VWAP, Trend, Volatility, and Divergence Detection, this indicator provides a composite score that adapts to different market conditions. This version includes divergence detection between the Opening Score and price, which highlights potential trend reversals or continuations before they happen. When a regular divergence occurs, the histogram bar turns orange, signaling an increased probability of a trend change. Best for Both Intraday & Longer-Term Charts 📊 Optimized for intraday trading → Works well on 1m to 30m timeframes for short-term strategies. 📈 Also effective on longer-term charts → Can be used on 1-hour, 4-hour, daily, or weekly charts to identify macro trends and momentum shifts. 🕰️ Adapts to different market conditions → Whether you’re a day trader, swing trader, or position trader, the Opening Score helps you track trend health and reversals. How It Works 📊 Composite Opening Score Calculation • ORB Signal → Detects bullish/bearish breakouts based on the opening range. • VWAP Signal → Measures price positioning relative to VWAP for trend confirmation. • Trend Signal → Uses a moving average to determine market direction. • Volatility Signal → Tracks ATR changes to assess market strength. • Divergence Detection → Identifies regular and hidden divergences for potential reversals or trend continuation. 🔹 Reversal Alerts with Color-Coded Histogram • Green Bars → Normal bullish Opening Score. • Red Bars → Normal bearish Opening Score. • Orange Bars → Warning! Regular Divergence detected → Possible trend reversal. 🔹 Hidden & Regular Divergence Detection • Regular Divergence (Reversal Signals) • 📉 Bearish Regular Divergence → Price makes a Higher High, but Opening Score makes a Lower High → 🔻 Possible Downtrend Reversal. • 📈 Bullish Regular Divergence → Price makes a Lower Low, but Opening Score makes a Higher Low → 🔼 Possible Uptrend Reversal. • Hidden Divergence (Trend Continuation Signals) • 📉 Bearish Hidden Divergence → Price makes a Lower High, but Opening Score makes a Higher High → 🔻 Trend Likely to Continue Down. • 📈 Bullish Hidden Divergence → Price makes a Higher Low, but Opening Score makes a Lower Low → 🔼 Trend Likely to Continue Up. How to Use It ✅ Watch for Reversal Alerts (Orange Bars) → These highlight potential market turning points. ✅ Use the Zero Line as a Trend Filter → A score above 0 suggests bullish conditions, while below 0 signals bearish conditions. ✅ Combine with Market Structure & Volume Profile → Works well when paired with support/resistance levels, liquidity zones, and order flow data. ✅ Adjust settings based on timeframe → Increase moving average length & lookback periods for longer-term analysis. Why Use This Indicator? 🚀 Works for both short-term and long-term traders → Adapts to intraday and higher timeframes. 📊 Multi-Factor Analysis → Combines multiple key market indicators for better accuracy. 🎯 Customizable Weighting → Adjust the influence of each signal to suit your trading style. ✅ No Clutter – Only the Opening Score is plotted → Keeps your chart clean & efficient. 🔔 Recommended for Intraday Trading (1m – 30m) AND Longer-Term Analysis (1H – Weekly) → Use this indicator to enhance your trend detection & reversal strategy! 🚀
Indicatore Pine Script™
di traderofoptions
1