[astropark] price levelsDear Followers,
today another awesome Analysis Tool, that you can use in your trading journey: Price Levels !
Are you a range trading player? a scalper? or maybe a day-trader or a swing-trader? This is for you then. Indeed it's for everyone.
This indicator works on every timeframe, market and pair.
It keeps track of recent important levels generated by price action:
Monday high, low and middle range level
Tuesday high and low
Wednesday high and low
Thursday high and low
Friday high and low
Weekly open, high and low
Monthly open, high and low
Yearly open, high and low
Previous weekly open, high and low
Previous monthly open, high and low
Previous yearly open, high and low
You can:
choose price levels to hide and show
change each level color / thickness / display style (solid or dotted)
choose to show or hide price labels and change their size
Why such indicator should be helpful? How can I use it to do profit?
In multiple ways! Let's talk about Monday Range :
when Monday range is formed, price acceptance below Monday low is a bearish signal, so will more likely want to short / sell
equally price acceptance above Monday high is a bullish signal, so will more likely want to long / buy
it can happen that Monday high is simply retested, with price not being able to stay above it: this is called a retest (in case of a simple wick) or a deviation (in case of price staying above the level just for some candles) and what usually happens is price falling back to Monday middle range level and even back to Monday low.
the opposite can happen of course: you will become bullish if Monday low is tested or a deviation appears below Monday low: price tends to bounce on such occasions back to Monday middle range or even Monday high
Tuesday is usually a marker day within a trading week:
if Monday was pretty bullish, Tuesday high may mark the weekly top, following some red days
if Monday was pretty bearish, Tuesday low may mark the weekly bottom, following some green days
Thursday is the day when big players start to take profits, as the trading week is going to end the next day, so in an all-green week Thursday may be a red one, while in an all-red week it may be a bullish day
Thursday is the day when big players start to take profits, as the trading week is going to end the next day:
in an all-green week, Thursday may be a red one and it's low tends to mark the weekly low
while in an all-red week, it tends to be a bullish day, so here you will refill your shorts for the next blooding day
Let's talk now about the Weekly, Monthly and Yearly price levels : here it is the interesting part for Swing Traders
Weekly open is usually a defining level: on retest, if price keeps staying below then more downside is expected, if price keeps staying above then more upside is expected (similarly to what we said about Monday high and low)
Monthly and Yearly open price levels are usually a "no-brainer" buy level in a bullish trend or equally a sell level in a bearish trend: in this scenarios, a deviation structure is even more powerful in term of price reaction and efficiency
We trade Weekly, Monthly and Yearly high and low price levels as explained for the Monday high and low, but with a swing traders perspective (so a medium-long term trade)
Previous Weekly/Monthly/Yearly price levels are usually very useful as targets in your trades
Here below some screenshots that resumes what said above.
Weekly Open as support (bullish) and Monday High deviation (bearish)
Tuesday High, Weekly Open failing as support: bearish
Monday Low deviation (bullish)
Price Acceptance above Monday High and Weekly Open (bullish)
Yearly Open retests as buy opportunities
Deviation below Monthly Open (bullish), Price Acceptance below Monthly and Yearly Open (bearish)
This is a premium indicator , so send me a private message in order to get access to this script.
Cerca negli script per "weekly"
Trademania - PVSRA IndicatorTrademania - PVSRA Indicator
The Trademania - PVSRA Indicator is based on a proven MT4 indicator suite that has been in use since 2013. Over time, it has been expanded with additional features and tools. Originally developed for the Forex market, it also works well for cryptocurrencies, stocks, and other assets. The goal of this indicator is to combine classic chart analysis with PVSRA analysis, allowing for a clean mixed chart analysis. Traders gain access to a wide range of important information and can use it to form their trading assumptions. The indicator is designed to make it as simple as possible: identifying price levels at the breakout of key support/resistance, for confirmations above/below an imbalance, or recognizing and validating standard structures.
Important: This indicator is designed to be used across all timeframes. It works equally well for scalping on lower timeframes and for larger timeframes, such as spot trading on the 4H or daily chart.
The following core features are available:
- PVSRA Candles
- Dynamic Zones for PVSRA Candles (Imbalance)
- Market sessions with high/low points
- Integrated EMAs (daily, weekly, higher time frames)
- Fully customizable EMAs
- Pivot points with mid/50% level
- Price ranges from yesterday and last week
- Average daily range (also available for weekly and monthly)
- Psychological levels (for Forex)
- Daily open
- High/Low Point of Control (POC) indicators for wicks and candle bodies
- WIL (Weekly Interest Level) - High/Low of the Asian session
- On-chart labels for nearly all elements
Key Features:
- PVSRA, integrated POC levels, and WIL levels distinguish this indicator.
- Integrated EMAs and the daily, weekly, high time frame EMAs can be supplemented or replaced by custom EMAs for maximum flexibility.
Special Feature:
- Lite Mode for better visibility and simplified chart analysis.
Instructions and Notes
PVSRA Candles
Display volume or tick volume on the chart.
- Candles with more than 200% average volume of the last 10 candles, where the product of candle spread and volume is greater than the last 10 candles/timeframes, are shown in green (bullish) and red (bearish).
- Blue and purple candles show the same with 150% average volume of the last 10 candles.
**Note:** To obtain valid information, the trading volume should be as large as possible. If you're viewing the chart of an exchange with low trading volume, you can use the PVSRA override to display the volume from another exchange. For example, you can view the Phemex chart but display the tick/volume of the Binance chart as PVSRA/Vector candles.
Dynamic Zones for PVSRA Candles (Imbalance)
Zones that match the color of the respective vector candle display imbalance on the chart.
- In PVSRA analysis, it is assumed that such imbalances will be revisited and corrected. It can be customized whether this should happen with candle wicks or just the candle bodies.
Market Sessions with High/Low Points (DST)
Relevant market sessions: Sydney/NZX, Tokyo, Hong Kong, EU, New York, as well as the Brinks sessions pre EU/NY, are marked with high/low points and labeled on the chart.
- In PVSRA/Mixed analysis, these represent important liquidity zones of the individual trading sessions, often serving as key support/resistance levels.
WIL (Weekly Interest Level) - High/Low of the Asian Session
The new WIL levels represent the market open/Asian session of the new trading week: Sydney open to Hong Kong close.
- This forms an important price range for the trading week and is always a key breakout zone or rejection area in mixed analysis. Additional liquidity is needed to break through these levels.
- Higher effort against the start of the week – an imbalance (above/below).
High/Low Point of Control (POC) Indicators for Wicks and Candle Bodies
Additionally, the indicator includes pivot-based POC markers at key highs/lows on the chart.
- A POC is generated from the candle footprint (1000 resolution) and displayed on the chart.
- **Note:** If the POC is in a wick, it is shown as a line; if the POC is only in the candle body, it is displayed in small text.
- In mixed analysis, POCs in volume-heavy wicks are always a key indication of price levels that will be revisited and a potential enhancer for a wick-fill upwards or downwards.
EMA/Pivot Points/Psychological Levels Classic/Average Ranges:
Daily/ADR - Weekly/AWR / High/Low values for day/week, as well as the daily open of the current trading day, form the foundation of the indicator.
- Base structures that account for imbalance must break certain price levels to confirm or invalidate a previous movement (bullish or bearish).
- 13/50/200/800 EMA retrace: Breaking these in either direction without addressing an imbalance on the opposite side requires confirmation after the break.
- Pivot-level trading operates on the same principle.
- **Note:** Pivot levels in this indicator have additional M-levels, which represent 50% markers to provide better insights into potential retraces or upward moves.
- For example: Breaking M1, retracing, and confirming at M1 with a target at M2.
To recognize a standard 3-level rise or retrace scenario in mixed analysis, as well as a potential extended chart progression, these levels are essential.
**Note:** Average ranges such as High/Low ADR are particularly important levels where interruptions are expected. Profit-taking, long/short, is common at these points, independent of standard structures. This also applies to the high/low levels of the last trading day and the weekly versions of these levels.
The daily open helps identify possible SPOT/Futures gaps (depending on the asset, such as a missing futures market over the weekend: NAS/DAX).
Important:
The Lite Mode is designed to help traders reduce the chart to essential core functions (PVSRA/EMA/WIL/Psy/Daily Open/Hi-Lo) to apply classic TA effectively and strengthen a mixed analysis or challenge certain assumptions regarding confirmation and imbalance.
**Note:** It is recommended to additionally use a MACD indicator to identify potential trends and momentum.
- For example, a positive MACD trend supporting a 50 EMA breakout with a target of the 200 EMA under positive imbalance (standard mixed pattern).
To cater to personal preferences or trading strategies, it is possible to add custom EMA values to the indicator without the need for a second or third separate indicator.
All functions are fully customizable within the indicator settings.
Previous Day and Week RangesI've designed the "Previous Day and Week Ranges" indicator to enhance your trading strategy by clearly displaying daily and weekly price levels. This tool shows Open-Close and High-Low ranges for both daily and weekly timeframes directly on your trading chart.
Key Features :
Potential Support and Resistance: The indicator highlights previous day and week ranges that may serve as key support or resistance levels in subsequent trading sessions.
Customizable Display Options: Offers the flexibility to show or hide daily and weekly ranges based on your trading needs.
Color Customization: Adjust the color settings to differentiate between upward and downward movements, enhancing visual clarity and chart readability.
This indicator is ideal for traders aiming to understand market dynamics better, offering insights into potential pivot points and zones of price stability or volatility.
Monday_Weekly_Range/ErkOzi/Deviation Level/V1"Hello, first of all, I believe that the most important levels to look at are the weekly Fibonacci levels. I have planned an indicator that automatically calculates this. It models a range based on the weekly opening, high, and low prices, which is well-detailed and clear in my scans. I hope it will be beneficial for everyone.
***The logic of the Monday_Weekly_Range indicator is to analyze the weekly price movement based on the trading range formed on Mondays. Here are the detailed logic, calculation, strategy, and components of the indicator:
***Calculation of Monday Range:
The indicator calculates the highest (mondayHigh) and lowest (mondayLow) price levels formed on Mondays.
If the current bar corresponds to Monday, the values of the Monday range are updated. Otherwise, the values are assigned as "na" (undefined).
***Calculation of Monday Range Midpoint:
The midpoint of the Monday range (mondayMidRange) is calculated using the highest and lowest price levels of the Monday range.
***Fibonacci Levels:
// Calculate Fibonacci levels
fib272 = nextMondayHigh + 0.272 * (nextMondayHigh - nextMondayLow)
fib414 = nextMondayHigh + 0.414 * (nextMondayHigh - nextMondayLow)
fib500 = nextMondayHigh + 0.5 * (nextMondayHigh - nextMondayLow)
fib618 = nextMondayHigh + 0.618 * (nextMondayHigh - nextMondayLow)
fibNegative272 = nextMondayLow - 0.272 * (nextMondayHigh - nextMondayLow)
fibNegative414 = nextMondayLow - 0.414 * (nextMondayHigh - nextMondayLow)
fibNegative500 = nextMondayLow - 0.5 * (nextMondayHigh - nextMondayLow)
fibNegative618 = nextMondayLow - 0.618 * (nextMondayHigh - nextMondayLow)
fibNegative1 = nextMondayLow - 1 * (nextMondayHigh - nextMondayLow)
fib2 = nextMondayHigh + 1 * (nextMondayHigh - nextMondayLow)
***Fibonacci levels are calculated using the highest and lowest price levels of the Monday range.
Common Fibonacci ratios such as 0.272, 0.414, 0.50, and 0.618 represent deviation levels of the Monday range.
Additionally, the levels are completed with -1 and +1 to determine at which level the price is within the weekly swing.
***Visualization on the Chart:
The Monday range, midpoint, Fibonacci levels, and other components are displayed on the chart using appropriate shapes and colors.
The indicator provides a visual representation of the Monday range and Fibonacci levels using lines, circles, and other graphical elements.
***Strategy and Usage:
The Monday range represents the starting point of the weekly price movement. This range plays an important role in determining weekly support and resistance levels.
Fibonacci levels are used to identify potential reaction zones and trend reversals. These levels indicate where the price may encounter support or resistance.
You can use the indicator in conjunction with other technical analysis tools and indicators to conduct a more comprehensive analysis. For example, combining it with trendlines, moving averages, or oscillators can enhance the accuracy.
When making investment decisions, it is important to combine the information provided by the indicator with other analysis methods and use risk management strategies.
Thank you in advance for your likes, follows, and comments. If you have any questions, feel free to ask."
Multi TF High/Low/Open/Close LineNOTE: I'm not sure why the screengrab isn't showing the lines. They are there, and when I share the chart from this link they are there.... idk
This is a requested spin-off version of my previous HLOC for the Daily/Weekly/Monthly that allows users to choose 3 different timeframe units (Mins, Hours, Days, etc...) from the dropdown menu and then select the lookback period in which to draw the HLOC.
I've had quite a few requests to allow users to see multiple lookbacks for the same timeframe unit, mostly weekly, and I did not wish to change that particular script for that purpose. However, I was able to take the existing script and alter it for user input.
This indicator draws a line on the TF 1, TF 2, and TF 3 bar at the High, Low, Open and Close of user input Timeframe unit and selected lookback period.
The lookback period will go back the number of candles entered. So for example if you choose a 5 Min chart with a lookback of 3, the lines will be drawn on the HLOC 3 closed 5 min candles back. Selecting 0 will show data on the current Real-Time candle.
An example of a request I have gotten was for last week, the previous week and the previous month. The settings for that would be: TF 1 - 1 week Lookback 1, TF 2 - 1 week Lookback 2, TF 3 - 1 month Lookback 1.
Each set of lines has an optional identifying label with its own color set that can be shown with or without price value, and has drop down menus for size and style of each set of labels. The TF unit value is displayed on the label, but not the lookback.
So if you are using the hourly on all 3 TF's with different lookback periods, they will all say "60" on the label.
I recommend using the line and label options to distinguish between the different lookback values.
Each set of lines has inputs for line/text color, line width and style and each line argument can be selected independently.
In the chart example I have displayed only the High and Low on three 1 hour TF's with the lookback of 4, 5 and 6 candles with the labels descending in size. With this data I can see that over the last 6 hours the price of ES is in an descending pattern and I should be on alert for a break.
Since I trade ES in RTH on a much lower timeframe, this data can alert me to a bigger picture potential trend change or continuation. I would personally use this with pivot data for timing and look for entries in areas of high volume that moved price to a new
high or low that have not been retested.
I will be looking to add a user input offset for labels in the future. I have had bad luck with it in the past working for a couple weeks and then throwing an error, but I will look into it again soon.
I also recommend going into Chart Settings/Status Line and turning off indicator arguments OR moving the script to the top of the indicator list to avoid obstructed chart view with this indicators arguments. When script allows, I will update it to hide them.
[GrandAlgo] MTF Historical Highs and LowsMany traders rely on weekly highs and lows to identify key market levels, but what if you could see how price reacted to these levels in past weeks, months, or even years? With MTF Historical Highs and Lows, you can visualize all past highs, lows, and midpoints from any timeframe, allowing you to refine your strategy and make more informed trading decisions.
This indicator retrieves and plots historical highs, lows, and midpoints based on a user-selected timeframe (default: Weekly). It dynamically updates, ensuring that all significant price levels remain visible on your chart. Additionally, smart filtering helps you focus only on relevant levels, and alerts notify you when price interacts with key zones.
Key Features:
✅ Automatically Fetches & Plots Historical Highs, Lows, and Midpoints
✅ Customizable Timeframes (default: Weekly, but adjustable)
✅ Visibility Filtering – Hides lines that are too far from the current price
✅ Alerts for Key Levels – Get notified when price touches an important historical level
✅ Customizable Colors & Display Preferences for clarity
How It Works:
1️⃣ Select a Date Range – Focus on historical levels that are most relevant to the current market conditions
2️⃣ Choose a Timeframe – Use Weekly, Monthly, or any timeframe that suits your strategy.
3️⃣ Enable Highs, Lows, and Midpoints – Customize what you want to see.
4️⃣ Adjust Filtering – Hide lines that are too far from the current price to reduce clutter.
5️⃣ Get Alerts – Be notified when price reaches a historical level for potential trade setups.
Ideal for Traders Who:
Trade Support & Resistance Levels – Understand how price reacts at historical highs and lows.
Analyze Market Structure – Identify key areas where price may reverse or break out.
Want Smart Alerts – Stay informed without staring at charts all day.
TTrades Daily Bias [TFO]Inspired by @TTrades_edu video on daily bias, this indicator aims to develop a higher timeframe bias and collect data on its success rate. While a handful of concepts were introduced in said video, this indicator focuses on one specific method that utilizes previous highs and lows. The following description will outline how the indicator works using the daily timeframe as an example, but the weekly timeframe is also an included option that functions in the exact same manner.
On the daily timeframe, there are a handful of possible scenarios that we consider: if price closes above its previous day high (PDH), the following day's bias will target PDH; if price trades above its PDH but closes back below it, the following day's bias will target its previous day low (PDL).
Similarly, if price closes below its PDL, the following day's bias will target PDL. If price trades below its PDL but closes back above it, the following day's bias will target PDH.
If price trades as an inside bar that doesn't take either PDH or PDL, it will refer to the previous candle for bias. If the previous day closed above its open, it will target PDH and vice versa. If price trades as an outside bar that takes both PDH and PDL, but closes inside that range, no bias is assigned.
With a rigid framework in place, we can apply it to the charts and observe the results.
As shown above, each new day starts by drawing out the PDH and PDL levels. They start out as blue and turn red once traded through (these are the default colors which can be changed in the indicator's settings). The triangles you see are plotted to indicate the time at which PDH or PDL was traded through. This color scheme is also applied to the table in the top right; once a bias is determined, that cell's color starts out as blue and turns red once the level is traded through.
The table indicates the success rate of price hitting the levels provided by each period's bias, followed by the success rate of price closing through said levels after reaching them, as well as the sample size of data collected for each scenario.
In the above crude oil futures (CL1!) 30m chart, we can glean a lot of information from the table in the top right. First we may note that the "PDH" cell is red, which indicates that the current day's bias was targeting PDH and it has already traded through that level. We might also note that the "PWH" cell is blue, which indicates that the weekly bias is targeting the previous week high (PWH) but price has yet to reach that level.
As an example of how to read the table's data, we can look at the "PDH" row of the crude oil chart above. The sample size here indicates that there were 279 instances where the daily bias was assigned as PDH. From this sample size, 76.7% of instances did go on to trade through PDH, and only 53.7% of those instances actually went on to close through PDH after hitting that level.
Of course, greater sample sizes and therefore greater statistical significance may be derived from higher timeframe charts that may go further back in time. The amount of data you can observe may also depend on your TradingView plan.
If we don't want to see the labels describing why bias is assigned a certain way, we can simply turn off the "Show Bias Reasoning" option. Additionally, if we want to see a visual of what the daily and weekly bias currently is, we can plot that along the top and bottom of the chart, as shown above. Here I have daily bias plotted at the top and weekly bias at the bottom, where the default colors of green and red indicate that the bias logic is expecting price to draw towards the given timeframe's previous high or low, respectively.
For a compact table view that doesn't take up much chart space, simply deselect the "Show Statistics" option. This will only show the color-coded bias column for a quick view of what levels are being anticipated (more user-friendly for mobile and other smaller screens).
Alerts can be configured to indicate the bias for a new period, and/or when price hits its previous highs and lows. Simply enable the alerts you want from the indicator's settings and create a new alert with this indicator as the condition. There will be options to use "Any alert() function call" which will alert whatever is selected from the settings, or you can use more specific alerts for bullish/bearish bias, whether price hit PDH/PDL, etc.
Lastly, while the goal of this indicator was to evaluate the effectiveness of a very specific bias strategy, please understand that past performance does not guarantee future results.
Day/Week/Month Metrics (Zeiierman)█ Overview
The Day/Week/Month Metrics (Zeiierman) indicator is a powerful tool for traders looking to incorporate historical performance into their trading strategy. It computes statistical metrics related to the performance of a trading instrument on different time scales: daily, weekly, and monthly. Breaking down the performance into daily, weekly, and monthly metrics provides a granular view of the instrument's behavior.
The indicator requires the chart to be set on a daily timeframe.
█ Key Statistics
⚪ Day in month
The performance of financial markets can show variability across different days within a month. This phenomenon, often referred to as the "monthly effect" or "turn-of-the-month effect," suggests that certain days of the month, especially the first and last days, tend to exhibit higher than average returns in many stock markets around the world. This effect is attributed to various factors including payroll contributions, investment of monthly dividends, and psychological factors among traders and investors.
⚪ Edge
The Edge calculation identifies days within a month that consistently outperform the average monthly trading performance. It provides a statistical advantage by quantifying how often trading on these specific days yields better returns than the overall monthly average. This insight helps traders understand not just when returns might be higher, but also how reliable these patterns are over time. By focusing on days with a higher "Edge," traders can potentially increase their chances of success by aligning their strategies with historically more profitable days.
⚪ Month
Historically, the stock market has exhibited seasonal trends, with certain months showing distinct patterns of performance. One of the most well-documented patterns is the "Sell in May and go away" phenomenon, suggesting that the period from November to April has historically brought significantly stronger gains in many major stock indices compared to the period from May to October. This pattern highlights the potential impact of seasonal investor sentiment and activities on market performance.
⚪ Day in week
Various studies have identified the "day-of-the-week effect," where certain days of the week, particularly Monday and Friday, show different average returns compared to other weekdays. Historically, Mondays have been associated with lower or negative average returns in many markets, a phenomenon often linked to the settlement of trades from the previous week and negative news accumulation over the weekend. Fridays, on the other hand, might exhibit positive bias as investors adjust positions ahead of the weekend.
⚪ Week in month
The performance of markets can also vary within different weeks of the month, with some studies suggesting a "week of the month effect." Typically, the first and the last week of the month may show stronger performance compared to the middle weeks. This pattern can be influenced by factors such as the timing of economic reports, monthly investment flows, and options and futures expiration dates which tend to cluster around these periods, affecting investor behavior and market liquidity.
█ How It Works
⚪ Day in Month
For each day of the month (1-31), the script calculates the average percentage change between the opening and closing prices of a trading instrument. This metric helps identify which days have historically been more volatile or profitable.
It uses arrays to store the sum of percentage changes for each day and the total occurrences of each day to calculate the average percentage change.
⚪ Month
The script calculates the overall gain for each month (January-December) by comparing the closing price at the start of a month to the closing price at the end, expressed as a percentage. This metric offers insights into which months might offer better trading opportunities based on historical performance.
Monthly gains are tracked using arrays that store the sum of these gains for each month and the count of occurrences to calculate the average monthly gain.
⚪ Day in Week
Similar to the day in the month analysis, the script evaluates the average percentage change between the opening and closing prices for each day of the week (Monday-Sunday). This information can be used to assess which days of the week are typically more favorable for trading.
The script uses arrays to accumulate percentage changes and occurrences for each weekday, allowing for the calculation of average changes per day of the week.
⚪ Week in Month
The script assesses the performance of each week within a month, identifying the gain from the start to the end of each week, expressed as a percentage. This can help traders understand which weeks within a month may have historically presented better trading conditions.
It employs arrays to track the weekly gains and the number of weeks, using a counter to identify which week of the month it is (1-4), allowing for the calculation of average weekly gains.
█ How to Use
Traders can use this indicator to identify patterns or trends in the instrument's performance. For example, if a particular day of the week consistently shows a higher percentage of bullish closes, a trader might consider this in their strategy. Similarly, if certain months show stronger performance historically, this information could influence trading decisions.
Identifying High-Performance Days and Periods
Day in Month & Day in Week Analysis: By examining the average percentage change for each day of the month and week, traders can identify specific days that historically have shown higher volatility or profitability. This allows for targeted trading strategies, focusing on these high-performance days to maximize potential gains.
Month Analysis: Understanding which months have historically provided better returns enables traders to adjust their trading intensity or capital allocation in anticipation of seasonally stronger or weaker periods.
Week in Month Analysis: Identifying which weeks within a month have historically been more profitable can help traders plan their trades around these periods, potentially increasing their chances of success.
█ Settings
Enable or disable the types of statistics you want to display in the table.
Table Size: Users can select the size of the table displayed on the chart, ranging from "Tiny" to "Auto," which adjusts based on screen size.
Table Position: Users can choose the location of the table on the chart
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Diddly - Charts (Asian, London & New York Session + Weekdays)Overview:
Diddly Charts is for providing intraday context to where we are in the market. It does this through a series of ranges displayed throughout the day, typically broken down into the Asian, London, and New York sessions.
This indicator also highlights key market structures like monthly, weekly, and previous day's highs and lows. Lines are provided for weekday and weekend separators, with the days of the week at the bottom of the chart, making it extremely useful for traders when identifying weekly cycles.
Usage:
All aspects of this indicator are changeable within the settings, allowing you to utilise the elements that are most important to your trading strategy.
The default layout is extremely useful for currency pairs, where traders use the London and New York boxes as windows of when to engage with the market. The times of these trading sessions can be changed to suit the trading periods that you want to trade.
Adhering to trading windows can help improve discipline to ensure that you are only taking entries within the time periods that match your trading strategy.
Some traders prefer a cleaner interface and don't want any indicator to detract from the price action they are reading, this can be achieved through changing the colour and their transparency in settings. In this example, you will see different labels used to annotate key structures, these can be changed to something that is relevant to your strategy in the settings.
It can also be used for trading Stocks where sessions are broken down into pre-market, market hours and post-market. This can be helpful to see those stocks that breakout of pre-market session highs and lows and also provide trading windows to keep traders out of trades that do not comply with their trading strategy.
Using higher time frames like a 4 hour chart or even the 1 hour chart, the intraday sessions are hidden away so traders can get a broader perspective without the clutter when zooming out. Although there are options to turn it on if you would prefer.
Here on a zoomed out 1 hour chart we have the option to only display the weekly line separator, which can help get an overview of weekly cycles.
Helpful Information
The main setting that you may want to change is at the top of the indicator settings, which is asking "what asset type" is the symbol being looked at. The indicator needs to know how to display the session range information. For example for currencies, the range size will be displayed in pips. For stocks or Futures it would display the financial amount. Beyond the visual display of information, this setting has no other impact on the indicator behaviour. The default setting is "Currencies".
We often get asked what the labels that appear on the chart mean. These can all be changed to your requirements, but by default what you will see when you apply the indicator to the chart is:
Under the Asian Range appears a couple of labels.
A = x : This is the range size of the session in pips for forex or amount for other assets, from the lowest to the highest price traded during that window.
ADR = y : This is the Average Daily Range over the last 21 days for this ticker
Under the London and New York session you will see a L = x or NY = y . This is the range size of each session in pips for forex or amount for other assets.
Structure Labels
YH = Yesterday's High
YL = Yesterday's Low
WH = Current Week's High
WL = Current Week's Low
MH = Current Month's High
ML = Current Month's Low
We greatly appreciate the support and feedback from the Trading View community, and we are dedicated to continuing to improve our indicators with your support.
We want to help you manage risk, and that's why we emphasise that trading is risky and any technology used to support our trading decisions is based on information from the past. We encourage traders to take responsibility for their trading businesses and always prioritise risk management.
Week & Day Boxes Projected forward; with day-of-week labelsProjecting Week and Day boxes forward into the future, as an aide in framing the shape/profile of the coming week(s)/day(s).
////user inputs////
~toggle on/off daily and/or weekly boxes.
~input number of 2week blocks or number of 2day blocks to project forward.
~independently format colors and opacities of weekly and daily boxes.
~toggle on/off day-of-week labels (if you just want day labels, make opacity of day boxes&borders zero).
////notes////
-I have limited the project-forward numbers to keep it neat. If you want to play around with them, edit UP the FIRST integer in lines 56, 58, 62, 64 (currently set to 11,10, 41, 40 respectively). And edit UP maxvals in lines 9 and 15.
-To change the height of weekly and/or daily boxes, tweak the SECOND integer in lines 56, 58, 62, 64.
-Written for ES (S&P); tested/working on FX and BTC too.
-Starts painting/Resets at the beginning of a new week (i.e. Sunday eve).
-Sunday is blended into Monday; day's are defined as finishing at 6pm (New York Time).
Strongholds - Objective & Accurate Reference Points / StructuresVery early in my trading career, I came across Pivot Points only to find out that there are as many calculations as one pleases. It was hard to find out which ones work. Most of them probably did only out of randomness, so I ditched the strategy and looked for something else.
I previously used my Oracle Eye and Reference Points scripts but it is time for an upgrade.
Stronghold is a script I have used for quite some time now. I ditched daily and weekly closing prices as not that important. Instead, Strongholds are equipped with:
►Daily High & Low • Azure color
►Weekly High & Low • Dark blue
►Weekly old High & Low • Semi-transparent dark circles
►Monthly High & Low • Wizardly purple
There is an option to print:
►4h High & Low • Semi-transparent red
►VWAP • Lovely purple
►Weekly VWAP • Black
All of the levels and lines are set for 1m, 5m, 10m, 15m, 30m, 1h, 4h, 1D timeframes. If you use any alien timeframe, you may need to enter the code.
You can opt-in and out for certain timeframes. For example, daily levels are visible from 15m or 30, so the indicator won't draw them unless you want to. However, they will not be seen on higher timeframes as there is no reason to show them and oversaturate the chart with lines.
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Remember that if you use this script with auto-scale, you need to tick Scale Price Chart Only . Otherwise, your chart will fly to the moon!
Good luck & have fun!
High/Mid/Low of the Previous Month, Week and Day + MAIntroducing the Ultimate Price Action Indicator
Take your trading to the next level with this feature-packed indicators. Designed to provide key price insights, this tool offers:
- Monthly, Weekly, and Daily Levels : Displays the High, Midpoint, and Low of the previous month, week, and day.
- Logarithmic Price Lines : Option to plot price levels logarithmically for enhanced accuracy.
- Customizable Labels : Display labels on price lines for better clarity. (This feature is optional.)
- Dual Moving Averages : Add two customizable Moving Averages (Simple, Exponential, or Weighted) directly on the price chart. (This feature is optional.)
This code combines features from the Moving Average Exponential and Daily Weekly Monthly Highs & Lows (sbtnc) indicators, with custom modifications to implement unique personal ideas.
Perfect for traders who want to combine precision with simplicity. Whether you're analyzing historical levels or integrating moving averages into your strategy, this indicator provides everything you need for informed decision-making.
To prevent change chart scale, right click on Price Scale and enable "Scale price chart only"
Week designationThe script is primarily used for visualizing the beginning and end of the week. It is particularly helpful when working with time intervals shorter than one day. In a very simple and clear manner, you can see when a specific week has started. This makes it easier to assess the market sentiment in a short timeframe.
Here are the operating principles of this script:
Initialization:
The script begins with initialization, where basic parameters and settings such as line colors and line style are defined.
Determining the Session Start:
The startSession(hour, minute) function is used to calculate the starting time of a session on the chart. Sessions can be divided into different time intervals, such as the daily session (D), weekly session (W), and monthly session (M).
Checking for Session Start:
The script checks if a new session is starting. If so, a vertical line is inserted on the chart to mark the beginning of that session.
isSessionStart checks for the start of the daily session.
isSessionStart_2 checks for the start of the weekly session.
isSessionStart_3 checks for the start of the monthly session.
Marking Mondays:
The script checks if the current day is Monday (the day of the week number 2 represents Monday).
If the current session is starting or it is Monday, a vertical line is inserted on the chart with the day designation (color color_day).
Marking Lines on the Chart:
The lines inserted on the chart are vertical and have a specified style and color, which can be customized in the settings.
Opens, Closes, Highs and Lows.Hello Traders, the script below is designed to display the monthly, weekly, previous days' and current days' open, close, high and low.
I designed it to assist in top down analysis by knowing the monthly and weekly opens and closes it makes it a lot easier to make trading decisions on the lower timeframes.
As the user you can choose which price values you'd like displayed on the chart by selecting them in the user inputs.
Enjoy!!
Indicator Daily-Weekly-Range-In-PriceSpecification: Indicator Daily-Weekly-Range-In-Price helps traders to easily identify the price movement of a range that goes from highs to lows in a specific timeframe. Range price can be chosen between daily or weekly. It can be integrated with strategies giving us more information abot price movement.
Name:Daily-Weekly-Range-In-Price
Category: Mean Reversion. Range Trading
Timeframe: From weekly below, depending on the specific technique.
Technical Analysis: The indicator uses price action from daily to weekly using highs/lows to detect the range movement.
Suggested usage: Every Market especially for Swing Trading Operativity.
Daily-Weekly-Range-In-Price Indicator can identify automatically the range between highs and lows from weekly to minor timeframes with labels on the charts and an histogram helping shown on the chart to easily identify the volatility range juat at one glance.
Highly Dinamic Inputs Settings: Timeframe can be changed from the input options, labes indicating the range in price will change automatically.
Bollinger Band with Moving Average & Pin BarsThis indicator was specifically built to be used for trading the Scalpius Trading System promoted by @scottphillipstrading. Additionally I've added Daily and Weekly Highs, Lows and Central Pivot lines
The central indicators used in the Scalpius trading system which are included here are: The Bollinger Band, chart plotting of Pin Bars (Hammers & Shooting Stars) and an Exponential Moving Average.
In the settings the user has the option select EMA, SMA or WMA along with desired length, the default settings are 8EMA as per the Scalpius system rules. Also the Bollinger Band settings can be amended by the user and the Pin Bar chart plots and daily + weekly high and low plots can be removed by the user.
VWAP Balance Zones - SessionsVWAP Balance Zones Sessions Version is an alternate take on the Original VWAP Balance Zones indicator. The Sessions version allows users to select a specific session to view the VWAP Balance Zones at while still utilizing the full ETH Data.
The Session version provides a better focused display while still maintaining the core functions of the original script with mindful optimizations.
Author's Note: "VBZ Sessions was made with logistics in mind, for the users who only trade within certain times of the day. While it displays the same core concepts, it is not as "Raw" of a display as the Original. For this reason, some users may prefer the Original VWAP Balance Zones, which is why I have opted to release this alternate version instead of updating the original."
> What are VWAP Balance Zones?
"VWAP Balance Zones" is an original concept aimed at identifying the equilibrium area between market participants within the current trend by averaging the Daily Extremes and the Daily VWAP.
Refer to the illustration below for a better understanding of exactly how VWAP Balance Zones are formed:
These zones are displayed for the Daily, Weekly, and Monthly VWAPs, with the most interactive timeframe being the Daily.
> Features
1. The Session Version uses ETH data at all times, and does not solely rely on the chart's data to create the VWAPs or Zones.
This allows the user to focus on a specific trading session, while not losing out on the full VBZ Calculation, with the notable benefit of a cleaner display.
The Original VBZ starts drawing at the beginning of the chart's "Day", and would produce different results when using an RTH chart vs an ETH chart. Along with creating a bird's nest of unusable data at the beginning of the day.
2. Session Start and End lines are displayed for easier identification of the designated trading session.
3. The extreme "Close" Lines are no longer displayed to reduce noise and redundancy.
4. Additionally, the interior VWAP lines are no longer displayed. Ultimately, this was to reduce noise and focus the script on the 50% zones.
5. Weekly and Monthly Zones are now displayed due to the reduced noise!
6. As with the original, the weekly display will yield to the daily, and the monthly display will yield to the weekly.
In the screenshot below, you can observe this behavior.
Enjoy!
Dynamic Weekly Price Envelope
This is a indicator that I have been developing and personally using for over a year. The basic concept is a dynamic range that is derived from the previous weeks range. The main philosophy followed when designing this indicator was that it should be applicable to all asset classes, and it should provide objective price levels of support and resistance that do not change when price approaches them. This indicator is most useful in range bound price action, but gives a lot of useful information on any market condition at a glance. The indicator also generates a custom vwap that reflects the volume weighted price since the price broke significant levels.
Indicator Description
The indicators most important price levels are the top 3 lines and the bottom 3 lines. These lines are distinguished by their wider line thickness with default settings. These levels act as support and resistance, and the price entering these regions indicates that the asset is overbought or oversold. A setting is available to highlight in red or green when price is overbought or oversold. Here is an example:
This example also demonstrates one of my personal favorite signals, which is when the price reenters the central channel, then retests the overbought/oversold region, as it does in the example, shown by the second set of red arrows.
Timeframes
This indicator reacts dynamically, so the levels will look different on different timeframes. The hourly chart works best from my experience in forex and crypto with default settings, but in general lower timeframes will give a more accurate picture during extreme price action. Note: assets that have shorter sessions generally should use a smaller timeframe. I like to use 15min on stocks, this is similar to the hour chart in crypto or forex. Take this GBPUSD chart for example:
As you can see the price has a very extreme impulse, and all resistances are passed. You can see that the lines still act as support when price falls back into the range, but the indicator is not very useful when price exits the range. The solution for this is to drop down to a lower timeframe that will adjust faster to the extreme price movement.
Here you can see that the range shifts with the price movement, indicating support levels throughout the entire price impulse.
I will also drop down to lower timeframes if I want to utilize the price levels within the channel as support and resistance levels for intraday trading. Here is an example with price level interactions indicated by red and green arrows.
THe most significant levels are still the centerline and the top and bottom three levels, but the inner lines also are nice for intraday support and resistance.
Larger time frames like the daily chart also are useful. Let's take the daily Bitcoin chart as an example:
On larger timeframes,
If price is below the central red line price is trending down, and if price is above central red line, the trend is up
The asset trading outside of the entire range indicates that the trend is very strong, reentry into the channel indicates that price is likely to consolidate.
The outer lines still serve as significant support and resistance.
Settings
I have configured the default settings to perform well for most assets, but I allow the user to change settings as they desire.
Line Color - this setting changes the color of the lines.
Fill Color - this setting changes the fill color used for the indicator
Line Transparency - The transparency of the lines, set to 100 to completely hide all lines
Base Fill Transparency - This setting changes the base transparency for the channel, this transparency will be used for the outermost bands
Transparency Gradient Step - each band will become this amount more transparent as they come closer to the centerline
Adjustment Lag - this adjusts how quickly the channel adjusts when the top and bottom levels are breached. I have always used 100, but using much higher or lower values gives interesting results.
Show Signals - This enables basic swing signals to be shown by red and green triangles. Note that this is only one signal, and the system actually has many signals outside of these triangles. They only indicate optimal entries for a swing trading technique based on the indicator.
Show Oversold/Overbought Price - ticking this box results in the fill color changing to green when price is oversold, and red when the price is overbought.
That about covers all the basics for using this indicator, please reach out with comments or messages if you would like to know anything more. Thanks for reading, and I hope you can use this tool to help your analysis. A monthly version and a refined strategy are in the works and will be published soon.
Monthly Weekly Daily Hourly CLOSESDraws horizontal segments where the last Monthly, Weekly, Daily and Hourly closes are.
Easily identify current price relative position to these key prices.
I use it as a kind of pivot points and help me with trend following entries: longs if up from last close, shorts if down from last close.
Monthly: red line (MMMMM)
Weekly: orange line (WWWWW)
Daily: yellow line (DDDDD)
Hourly: white line (HHHHH)
//Original idea from "Key Levels
Furious PivotsSimple script marking out quarter points plus weekly and daily highs and lows! pretty damn useful
[astropark] price levels lightDear Followers,
today I'm glad to present you an light version indicator of my "price levels" one that you can see here below:
It's a great analysis tool, for both scalpers, day traders and swing traders, and it works on every timeframe, market and pair .
I suggest you so check-out previous version indicator's description to understand how to use it and why such a tool may be important for your trading journey.
This light indicator puts the focus on following values only:
Monday Range (High - Low - Mid Range)
Weekly Open (which is also Monday Open)
Monthly Open
Yearly Open
Yearly Range (High - Low)
Besides it's a light version, it comes with a nice feature, enabled by default: shows only latest value of each type!
This way you will have a very clean chart, as you can skip to see previous not anymore important values, focusing on latest ones.
As in the not-light version, you can:
choose price levels to hide and show
change each level color / thickness / display style (solid or dotted)
choose to show or hide price labels and change their size
This is a premium indicator , so send me a private message in order to get access to this script.
Previous Day, Week, Month High/Low Line IndicatorMade a line indicator for previous Daily Weekly & Monthly High / Low. You can use all 3 (D,W,M) or just one by editing the settings.
