Zone at Period timeMark a zone every day at given period of time.
Has 4 time inputs:
- fromHour: start time of the period.
-fromMinute: minute of start of period
- toHour: period end time
-toMinute: final minute of the period
With "weekdaysOnly" it is determined if weekends are ignored.
Cerca negli script per "zone"
YinYang TrendTrend Analysis has always been an important aspect of Trading. There are so many important types of Trend Analysis and many times it may be difficult to identify what to use; let alone if an Indicator can/should be used in conjunction with another. For these exact reasons, we decided to make YinYang Trend. It is a Trend Analysis Toolkit which features many New and many Well Known Trend Analysis Indicators. However, everything in there is added specifically for the reason that it may work well in conjunction with the other Indicators prevalent within. You may be wondering, why bother including common Trend Analysis, why not make everything unique? Ideally, we would, however, you need to remember Trend Analysis may be one of the most common forms of charting. Therefore, many other traders may be using similar Trend Analysis either through plotting manually or within other Indicators. This all boils down to Psychology; you are trading against other traders, who may be seeing some of the similar information you are, and therefore, you may likewise want to see this information. What affects their trading decisions may affect yours as well.
Now enough about Trend Analysis, what is within this Indicator, and what does it do? Well, first let’s quickly mention all of its components, then we will, through a Tutorial, discuss each individually and finally how each comes together as a cohesive whole. This Indicator features many aspects:
Bull and Bear Signals
Take Profit Signals
Bull and Bear Zones
Information Tables displaying: (Boom Meter, Bull/Bear Strength, Yin/Yang State)
16 Cipher Signals
Extremes
Pivots
Trend Lines
Custom Bollinger Bands
Boom Meter Bar Colors
True Value Zones
Bar Strength Indexes
Volume Profile
There are many things to cover within our Tutorial so let's get started, chronologically from the list above.
Tutorial:
Bull and Bear Signals:
We’ve zoomed out quite a bit for this example to help give you a broader aspect of how these Bull and Bear signals work. When a signal appears, it is displaying that there may be a large amount of Bullish or Bearish Trend Analysis occurring. These signals will remain in their state of Bull or Bear until there is enough momentum change that they change over. There are a couple Options within the Settings that dictate when/where/why these signals appear, and this example is using their default Settings of ‘Medium’. They are, Purchase Speed and Purchase Strength. Purchase Speed refers to how much Price Movement is needed for a signal to occur and Purchase Strength refers to how many verifications are required for a signal to occur. For instance:
'High' uses 15 verifications to ensure signal strength.
'Medium' uses 10 verifications to ensure signal strength.
'Low' uses 5 verifications to ensure signal strength.
'Very Low' uses 3 verifications to ensure signal strength.
By default it is set to Medium (10 verifications). This means each verification is worth 10%. The verifications used are also relevant to the Purchase Speed; meaning they will be verified faster or slower depending on its speed setting. You may find that Faster Speeds and Lower Verifications may work better on Higher Time Frames; and Slower Speeds and Higher Verifications may work better on Lower Time Frames.
We will demonstrate a few examples as to how the Speed and Strength Settings work, and why it may be beneficial to adjust based on the Time Frame you’re on:
In this example above, we’ve kept the same Time Frame (1 Day), and scope; but we’ve changed Purchase Speed from Medium->Fast and Purchase Strength from Medium-Very Low. As you can see, it now generates quite a few more signals. The Speed and Strength settings that you use will likely be based on your trading style / strategy. Are you someone who likes to stay in trades longer or do you like to swing trade daily? Likewise, how do you go about identifying your Entry / Exit locations; do you start on the 1 Day for confirmation, then move to the 15/5 minute for your entry / exit? How you trade may determine which Speed and Strength settings work right for you. Let's jump to a lower Time Frame now so you can see how it works on the 15/5 minute.
Above is what BTC/USDT looks like on the 15 Minute Time Frame with Purchase Speed and Strength set to Medium. You may note that the signals require a certain amount of movement before they get started. This is normal with Medium and the amount of movement is generally dictated by the Time Frame. You may choose to use Medium on a Lower Time Frame as it may work well, but it may also be best to change it to a little slower.
We are still on the 15 Minute Time Frame here, however we simply changed Purchase Speed from Medium->Slow. As you can see, lots of the signals have been removed. Now signals may ‘hold their ground’ for much longer. It is important to adjust your Purchase Speed and Strength Settings to your Time Frame and personalized trading style accordingly.
Above we have now jumped down to the 5 Minute Time Frame. Our Purchase Speed is Slow and our Purchase Strength is Medium. We can see it looks pretty good, although there is some signal clustering going on in the middle there. If we change our Settings, we may be able to get rid of that.
We have changed our Purchase Speed from Slow->Snail (Slowest it can go) and Purchase Strength from Medium->Very Low (Lowest it can go). Changing it from Slow-Snail helped get rid of the signal clustering. You may be wondering why we lowered the Strength from Medium->Very Low, rather than going from Medium->High. This is a use case scenario and one you’ll need to decide for yourself, but we noticed when we changed the Speed from Slow->Snail that the signal clustering was gone, so then we checked both High and Very Low for Strengths to see which produced the best looking signal locations.
Please remember, you don’t have to use it the exact way we’ve displayed in this Tutorial. It is meant to be used to suit your Trading Style and Strategy. This is why we allow you to modify these settings, rather than just automating the change based on Time Frames. You’ll likely need to play around with it, as you’ll notice different settings may work better on certain pairs and Time Frames than others.
Take Profit Signals:
We’ve reset our Purchase Settings, everything is on defaults right now at Medium. We’ve enabled Take Profit signals. As you can see there are both Take Profit signals for the Bulls and the Bears. These signals are not meant to be used within automation. In fact, none of this indicator is. These signals are meant to show there has been a strong change in momentum, to such an extent that the signal may switch from its current (Bull or Bear) and now may be a good time to Take Profit. Your Take Profit Settings likewise has a Speed and Strength, and you can set them differently than your Purchase Settings. This is in case you want to Take Profit in a different manner than your Purchase Signals. For instance:
In the example above we’ve kept Purchase Strength and Speed at Medium but we changed our Take Profit Speed from Medium->Snail and our Take Profit Strength from medium->Very Low. This greatly reduces the amount of Take Profit signals, and in some cases, none are even produced. This form of Take Profit may act more as a Trailing Take Profit that if it’s not hit, nothing appears.
In this example we have changed our Purchase Speed from Medium->Fast, our Purchase Strength from Medium->Very Low. We’ve also changed our Take Profit Speed from Snail->Medium and kept our Take Profit Strength on Very Low. Now we may get our signals quicker and likewise our Take Profit may be more rare. There are many different ways you can set up your Purchase and Take Profit Settings to fit your Trading Style / Strategy.
Bull and Bear Zones:
We have disabled our Take Profit locations so that you can see the Bull and Bear Zones. These zones change color when the Signals switch. They may represent some strong Support and Resistance locations, but more importantly may be useful for visualizing changes in momentum and consolidation. These zones allow you to see various Moving Averages; and when they start to ‘fold’ (cross) each other you may see changes in momentum. Whereas, when they’re fully stretched out and moving all in the same direction, it can provide insight that the current rally may be strong. There is also the case where they look like they’re ‘twisted’ together. This happens when all of the Moving Averages are very close together and may be a sign of Consolidation. We will go over a few examples of each of these scenarios so you can understand what we’re referring to.
In this example above, there are a few different things happening. First we have the yellow circle, where the final and slowest Moving Average (MA) crossed over and now all of the MA’s that form the zone are Bullish. You can see this in the white circle where there are no MA’s that are crossing each other. Lastly, within the blue circle, we can see how some of the faster MA’s are crossing under each other. This is a bullish momentum change. The Faster moving MA’s will always be the first ones to cross before the Slower ones do. There is a color scheme in place here to represent the Speed of the MA within the Zone. Light blue is the fastest moving Bull color -> Light Green and finally -> Dark Green. Yellow is the fastest moving Bear color -> Orange and finally -> Red / Dark Red within the Zone.
Next we will review a couple different examples of what Consolidation looks like and why it is very important to look out for. Consolidation is when Most, if not All of the MA’s are very tightly ‘twisted’ together. There is very little spacing between almost all of the MA’s in the example above; highlighted by the white circle. Consolidation is important as it may indicate a strong price movement in either direction will occur soon. When the price is consolidating it means it has had very little upwards or downwards movement recently. When this happens for long enough, MA’s may all get very similar in value. This may cause high volatility as the price tries to break out of Consolidation. Let's look at another example.
Above we have two more examples of what Consolidation looks like and how high Volatility may occur after the Consolidation is broken. Please note, not all Consolidation will create high Volatility but it is something you may want to look out for.
Information Tables displaying: (Boom Meter, Bull/Bear Strength, Yin/Yang State):
Information tables are a very important way of displaying information. It contains 3 crucial pieces of information:
Boom Meter
Bull/Bear Strength
Yin/Yang State
Boom Meter is a meter that goes from 0-100% and displays whether the current price is Dumping (0 - 29%), Consolidating (30 - 70%) or Pumping (71 - 100%). The Boom Meter is meant to be a Gauge to how the price is currently fairing. It is composed of ~50 different calculations that all vary different weights to calculate its %. Many of the calculations it uses are likewise used in other things, such as the Bull/Bear Strength, Bull/Bear Zone MA cross’, Yin/Yang State, Market Cipher Signals, RSI, Volume and a few others. The Boom Meter, although not meant to be used solely to make purchase decisions, may give you a good idea of current market conditions considering how many different things it evaluates.
Bull/Bear Strength is relevant to your Purchase Speed and Strength. It displays which state it is currently in, and the % it is within that state. When a % hits 0, is when the state changes. When states change, they always start at 100% initially and will go down at the rate of Purchase Strength (how many verifications are needed). For instance, if your Purchase Strength is set to ‘Medium’ it will move 10% per verification +/-, if it is set to High, it will move 6.67% per verification +/-. Bull/Bear Strength is a good indicator of how well that current state is fairing. For instance if you started a Long when the state changed to Bull and now it is currently at Bull with 20% left, that may be a good indication it is time to get out (obviously refer to other data as well, but it may be a good way to know that the state is 20% away from transitioning to Bear).
Yin/Yang State is the strongest MA cross within our Indicator. It is unique in the sense that it is slow to change, but not so much that it moves slowly. It isn’t as simple as say a Golden/Death Cross (50/200), but it crosses more often and may hold similar weight as it. Yin stands for Negative (Bearish) and Yang stands for Positive (Bullish). The price will always be in either a state of Yin or Yang, and just because it is in one, doesn’t mean the price can’t/won’t move in the opposite direction; it simply means the price may be favoring the state it is in.
16 Cipher Signals:
Cipher Signals are key visuals of MA cross’ that may represent price movement and momentum. It would be too confusing and hard to decipher these MA’s as lines on a chart, and therefore we decided to use signals in the form of symbols instead. There are 12 Standard and 4 Predictive/Confirming Cipher signals. The Standard Cipher signals are composed of 6 Bullish and 6 Bearish (they all have opposites that balance each other out). There can never be 2 of the same signal in a row, as the Bull and Bear cancel each other out and it's always in a state of one or the other. When all 6 Bullish or Bearish signals appear in a row, very closely together, without any of the opposing signals it may represent a strong momentum movement is about to occur.
If you refer to the example above, you’ll see that the 6 Bullish Cipher signals appeared exactly as mentioned above. Shortly after the Green Circle appeared, there was a large spike in price movement in favor of the Bulls. Cipher signals don’t need to appear in a cluster exactly like the white circle in this photo for momentum to occur, but when it does, it may represent volatility more than if it is broken up with opposing signals or spaced out over a longer time span.
Above is an example of the opposite, where all 6 Bearish Cipher signals appeared together without being broken by a Bullish Cipher signal or being too far spaced out. As you can see, even though past it there was a few Bullish signals, they were quickly reversed back to Bearish before a large price movement occurred in favor of the Bears.
In the example above we’ve changed Cipher signals to Predictive and Confirming. Support Crosses (Green +) and Blood Diamonds (Red ♦) are the normal Cipher Signals that appear within the Standard Set. They are the first Cipher Signal that appears and are the most common ones as well. However, just because they are the first, that doesn’t mean they aren’t a powerful Cipher signal. For this reason, there are Predictive and Confirming Cipher signals for these. The Predictive do just that, they appear slightly sooner (if not the same bar) as the regular and the Confirming appear later (1+ bars usually). There will be times that the Predictive appears, but it doesn’t resort to the Regular appearing, or the Regular appears and the Confirming doesn’t. This is normal behavior and also the purpose of them. They are meant to be an indication of IF they may appear soon and IF the regular was indeed a valid signal.
Extremes:
Extremes are MA’s that have a very large length. They are useful for seeing Cross’ and Support and Resistance over a long period of time. However, because they are so long and slow moving, they might not always be relevant. It’s usually advised to turn them on, see if any are close to the current price point, and if they aren’t to turn them off. The main reason being is they stretch out the chart too much if they’re too far away and they also may not be relevant at that point.
When they are close to the price however, they may act as strong Support and Resistance locations as circled in the example above.
Pivots:
Pivots are used to help identify key Support and Resistance locations. They adjust on their own in an attempt to keep their locations as relevant as possible and likewise will adjust when the price pushes their current bounds. They may be useful for seeing when the Price is currently testing their level as this may represent Overbought or Oversold. Keep in mind, just because the price is testing their levels doesn’t mean it will correct; sometimes with high volatility or geopolitical news, movement may continue even if it is exhibiting Overbought or Oversold traits. Pivots may also be useful for seeing how far the price may correct to, giving you a benchmark for potential Take Profit and Stop Loss locations.
Trend Lines:
Trend Lines may be useful for identifying Support and Resistance locations on the Vertical. Trend Lines may form many different patterns, such as Pennants, Channels, Flags and Wedges. These formations may help predict and drive the price in specific directions. Many traders draw or use Indicators to help create Trend Lines to visualize where these formations will be and they may be very useful alone even for identifying possible Support and Resistance locations.
If you refer to the previous example, and now to this example, you’ll notice that the Trend Line that supported it in 2023 was actually created in June 2020 (yellow circle). Trend Lines may be crucial for identifying Support and Resistance locations on the Vertical that may withhold over time.
Custom Bollinger Bands:
Bollinger Bands are used to help see Movement vs Consolidation Zones (When it's wide vs narrow). It's also very useful for seeing where the correction areas may be. Price may bounce between top and bottom of the Bollinger Bands, unless in a pump or dump. The Boom Meter will show you whether it is currently: Dumping, Consolidation or Pumping. If combined with Boom Meter Bar Colors it may be a good indication if it will break the Bollinger Band (go outside of it). The Middle Line of the Bollinger Band (White Line) may be a very strong support / resistance location. If the price closes above or below it, it may be a good indication of the trend changing (it may indicate one of the first stages to a pump or dump). The color of the Bollinger Bands change based on if it is within a Bull or Bear Zone.
What makes this Bollinger Band special is not only that it uses a custom multiplier, but it also incorporates volume to help add weight to the calculation.
Boom Meter Bar Colors:
Boom Meter Bar Colors are a way to see potential Overbought and Oversold locations on a per bar basis. There are 6 different colors within the Boom Meter bar colors. You have:
Overbought and Very Bullish = Dark Green
Overbought and Slightly Bullish = Light Green
Overbought and Slight Bearish = Light Red
Oversold and Very Bearish = Dark Red
Oversold and Slightly Bearish = Orange
Oversold and Slightly Bullish = Light Purple
When there is no Boom Meter Bar Color prevalent there won’t be a color change within the bar at all.
Just because there is a Boom Meter Bar Color change doesn’t mean you should act on it purchase or sell wise, but it may be an indication as to how that bar is fairing in an Overbought / Oversold perspective. Boom Meter Bar Colors are mainly based on RSI but do take in other factors like price movement to determine if it is Overbought or Oversold. When it comes to Boom Meter Bar Color, you should take it as it is, in the sense that it may be useful for seeing how Individual bars are fairing, but also note that there may be things such as:
When there is Very Overbought (Dark Green) or Very Oversold (Dark Red), during massive pump or dumps, it will maintain this color. However, once it has lost ‘some’ momentum it will likely lose this color.
When there has been a massive Pump or Dump, and there is likewise a light purple or light red, this may mean there is a correction or consolidation incoming.
True Value Zones:
True Value zones are our custom way of displaying something that is similar to a Bollinger Band that can likewise twist like an MA cross. The main purpose of it is to display where the price may reside within. Much like a Bollinger Band it has its High and Low within its zone to specify this location. Since it has the ability to cross over and under, it has the ability to specify what it thinks may be a Bullish or Bearish zone. This zone uses its upper level to display what may be a Resistance location and its lower level to display what may be a Support location. These Support and Resistance locations are based on Momentum and will move with the price in an attempt to stay relevant.
You may use these True Values zones as a gauge of if the price is Overbought or Oversold. When the price faces high volatility and moves outside of the True Value Zones, it may face consolidation or likewise a correction to bring it back within these zones. These zones may act as a guideline towards where the price is currently valued at and may belong within.
Bar Strength Indexes:
Bar Strength Indexes are our way of ranking each bar in correlation to the last few. It is based on a few things but is highly influenced on Open/Close/High/Low, Volume and how the price has moved recently. They may attempt to ‘rate’ each bar and how Bullish/Bearish each of these bars are. The Green number under the bar is its Bullish % and the Red number above the bar is its Bearish %. These %’s will always equal 100% when combined together. Bar Strength Indexes may be useful for seeing when either Bullish or Bearish momentum is picking up or when there may be a reversal / consolidation.
These Bar Strength Indexes may allow you to decipher different states. If you refer to the example above, you may notice how based on how the numbers are changing, you may see when it has entered / exited Bullish, Bearish and Consolidation. Likewise, if you refer to the current bar (yellow circle), you can see that the Bullish % has dropped from 93 to 49; this may be signifying that the Bullish movement is losing momentum. You may use these changes in Bar Indexes as a guide to when to enter / end trades.
Volume Profile:
Volume Profile has been something that has been within TradingView for quite some time. It is a very useful way of seeing at what Horizontal Price there has been the most volume. This may be very useful for seeing not only Support and Resistance locations based on Volume, but also seeing where the majority of Limit Orders are placed. Limit Orders are where traders decide they want to either Buy / Sell but have the order placed so the trade won’t happen until the price reaches a certain amount. Either through many orders from many traders, or a single order from a ‘Whale’ (trader with a lot of capital); you may see Support and Resistance at specific Price Points that have large Volume.
Many Volume Profile Indicators feature a breakdown of all the different locations of volume, along with a Point Of Control (POC) line to designate where the most Volume has been. To try and reduce clutter within our already very saturated Toolkit Indicator, we’ve decided to strip our Volume Profile to only display this POC line. This may allow you to see where the crucial Volume Support and Resistance is without all of the clutter.
You may be wondering, well how important is this Volume Profile POC line and how do I go about using it? Aside from it being a gauge towards where Support and Resistance may be within Volume, it may also be useful for identifying good Long/Short locations. If you think of the line as a ‘Battle’ between the Bulls and Bears, they’re both fighting over that line. The Bears are wanting to break through it downwards, and the Bulls are wanting to break through it upwards. When one side has temporarily won this battle, this means they may have more Capital to push the price in their direction. For instance, if both the Bulls and the Bears are fighting over this POC price, that means the Bears think that price is a good spot to sell; however, the Bulls also deem that price to be a good point to buy. If the Bulls were to win this battle, that means the Bears either canceled their orders to reevaluate, or all of their orders have been completed from the Bulls buying them all. What may happen after that is, if the Bulls were able to purchase all of these Limit Sell Orders, then they may still have more Capital left to continue to pressure the price upwards. The same may be true for if the Bears were to win this ‘Battle’.
How to use YinYang Trend as a cohesive whole:
Hopefully you’ve read and understand how each aspect of this Indicator works on its own, as knowing how/what they each do is important to understanding how it is used as a cohesive whole. Due to the fact that this Toolkit of an Indicator displays so much data, you may find it easier to use and understand when you’re zoomed in a little, somewhat like we are in this example above.
If we refer to the example above, you may like us, deduce a few things:
1. The current price may be VERY Overbought. This may be seen by a few different things:
The Boom Meter Bar Colors have been exhibiting a Dark Green color for 6 bars in a row.
The price has continuously been moving the High (red) Pivot Upwards.
Our Boom Meter displays ‘Pumping’ at 100%.
The price broke through a Downward Trend Line that was created in February of 2022 at 45,000 like it was nothing.
The Bar Strength Index hit a Bullish value of 93%.
The Price broke out of the Bollinger Bands and continues to test its upper levels.
The Low is much greater than our fastest moving MA that creates the Purchase Zones.
The Price is vastly outside of the True Value Zone.
The Bar Strength Index of our current bar is 50% bullish, which is a massive decrease from the previous bar of 93%. This may indicate that a correction is coming soon.
2. Since we’ve identified the current price may be VERY Overbought, next we need to identify if/when/to where it may correct to:
We’ve created a new example here to display potential correction areas. There are a few places it has the ability to correct to / within:
The downward Trend Line (red) below the current bar sitting currently at 32,750. This downward Trend Line is at the same price point as the Fastest MA of our Purchase Zone which may provide some decent Support there.
Between two crucial Pivot heights, within a zone of 30,000 to 31,815. This zone has the second fastest MA from the Purchase Zone right near the middle of it at 31,200 which may act as a Support within the Zone. Likewise there is the Bollinger Band Basis which is also resting at 30,000 which may provide a strong Support location here.
If 30,000 fails there may be a correction all the way to the bottom of our True Value Zone and the top of one of our Extremes at 27,850.
If 27,850 fails it may correct all the way to the bottom of our Purchase Zone / lowest of our Extremes at 27,350.
If all of the above fails, it may test our Volume Profile POC of 26,430. If this POC fails, the trend may switch to Bearish and continue further down to lower levels of Support.
The price can always correct more than the prices mentioned above, but considering overall this Indicator is favoring the Bulls, we will tailor this analysis in Favor of the Bullish Momentum maintaining even during this correction. For these reasons, we think the price may correct between the 30,000 and 31,815 zone before continuing upwards and maintaining this Bullish Momentum.
Please note, these correction estimates are just that, they’re estimates. Aside from the fact that the price is very overbought right now and our Bar Strength Index may be declining (bar hasn’t closed yet); the Boom Meter Strength remains at 100%, meaning there may not be much Bearish momentum changes happening yet. We just want to show you how an Preemptive analysis may be done before there are even Bearish Cipher Signals appearing.
Using this Indicator, you may be able to decipher Entry and Exits. In the previous example, we went over how you may use it to see where a correction (Exit / Take Profit) may be and how far this correction may go. In this example above we will be discussing how to identify Entry locations. We will be discussing a Bullish Buy entry but the same rules apply for a Bearish Sell Entry just the opposite with the Cipher Signals.
If you refer to where we circled in white, this is where the Purchase Zones faced Consolidation. When the Purchase Zones all get tight and close together like that, this may represent Volatility and Momentum in either direction may occur soon.
This was then followed by all 6 of the Standard Cipher Signals closely in succession to each other. This means the Momentum may be favoring the Bulls. If this was likewise all 6 of the Bearish Cipher Signals closely in succession, than the momentum change would favor the Bears.
If you were looking for an entry, and you saw Consolidation with the Purchase Zones and then shortly after you saw the Green Circle and Blue Flag (they can swap order); this may now be a good Entry location.
We will conclude this Tutorial here. Hopefully this has taught you how this Trend Analysis Toolkit may help you locate multiple different types of important Support and Resistance locations; as well as possible Entry and Exit locations.
Settings:
1. Bull/Bear Zones:
1.1. Purchase Speed (Bull/Bear Signals and Take Profit Signals):
Speed determines how much price movement is needed for a signal to occur.
'Sonic' uses the extremities to try and get you the best entry and exit points, but is so quick, its speed may reduce accuracy.
'Fast' may attempt to capitalize on price movements to help you get SOME or attempt to lose LITTLE quickly.
'Medium' may attempt to get you the most optimal entry and exit locations, but may miss extremities.
'Slow' may stay in trades until it is clear that momentum has changed.
'Snail' may stay in trades even if momentum has changed. Snail may only change when the price has moved significantly (This may result in BIG gains, but potentially also BIG losses).
1.2. Purchase Strength (Bull/Bear Signals and Take Profit Signals):
Strength ensures a certain amount of verifications required for signals to happen. The more verifications the more accurate that signal is, but it may also change entry and exit points, and you may miss out on some of the extremities. It is highly advised to find the best combination between Speed and Strength for the TimeFrame and Pair you are trading in, as all pairs and TimeFrames move differently.
'High' uses 15 verifications to ensure signal strength.
'Medium' uses 10 verifications to ensure signal strength.
'Low' uses 5 verifications to ensure signal strength.
'Very Low' uses 3 verifications to ensure signal strength.
2. Cipher Signals:
Cipher Signals are very strong EMA and SMA crosses, which may drastically help visualize movement and help you to predict where the price will go. All Symbols have counter opposites that cancel each other out (YinYang). Here is a list, in order of general appearance and strength:
White Cross / Diamond (Predictive): The initial indicator showing trend movement.
Green Cross / Diamond (Regular): Confirms the Predictive and may add a fair bit of strength to trend movement.
Blue Cross / Diamond (Confirming): Confirms the Regular, showing the trend might have some decent momentum now.
Green / Red X: Gives momentum to the current trend direction, possibly confirming the Confirming Cross/Diamond.
Blue / Orange Triangle: may confirm the X, Possible pump / dump of decent size may be coming soon.
Green / Red Circle: EITHER confirms the Triangle and may mean big pump / dump is potentially coming, OR it just hit its peak and signifies a potential reversal correction. PAY ATTENTION!
Green / Red Flag: Oddball that helps confirm trend movements on the short term.
Blue / Yellow Flag: Oddball that helps confirm trend movements on the medium term (Yin / Yang is the long term Oddball).
3. Bull/Bear Signals:
Bear and Bull signals are where the momentum has changed enough based on your Purchase Speed and Strength. They generally represent strong price movement in the direction of the signal, and may be more reliable on higher TimeFrames. Please don’t use JUST these signals for analysis, they are only meant to be a fraction of the important data you are using to make your technical analysis.
4. Take Profit Signals:
Take Profit signals are guidelines that momentum has started to change back and now may be a good time to take profit. Your Take Profit signals are based on your Take Profit Speed and Strength and may be adjusted to fit your trading style.
5. Information Tables:
Information tables display very important data and help to declutter the screen as they are much less intrusive compared to labels. Our Information tables display: Boom Meter, Purchase Strength of Bull/Bear Zones and Yin/Yang State.
Boom Meter: Uses over 50 different calculations to determine if the pair is currently 'Dumping' (0-29%), 'Consolidating' (30-70%), or 'Pumping' (71-100%).
Bull / Bear Strength: Shows the strength of the current Bull / Bear signal from 0-100% (Signals start at 100% and change when they hit 0%). The % it moves up or down is based on your 'Purchase Strength'.
Yin / Yang state: Is one of the strongest EMA/SMA crosses (long term Oddball) within this Indicator and may be a great indication of which way the price is moving. Do keep in mind if the price is consolidating when changing state, it may have the highest chance of switching back also. Once momentum kicks in and there is price movement the state may be confirmed. Refer to other Cipher Symbols, Extremes, Trend, BOLL, Boom %, Bull / Bear % and Bar colors when Bull / Bear Zones are consolidating and Yin / Yang State changes as this is a very strong indecision zone.
6. Bull / Bear Zones:
Our Bull / Bear zones are composed of 8 very important EMA lengths that may act as not only Support and Resistance, but they help to potentially display consolidation and momentum change. You can tell when they are getting tight and close together it may represent consolidation and when they start to flip over on each other it may represent a change in momentum.
7. MA Extremes:
Our MA Extremes may be 3 of the most important long term moving averages. They don’t always play a role in trades as sometimes they’re way off from the price (cause they’re extreme lengths), but when they are around price or they cross under or over each other, it may represent large changes in price are about to occur. They may be very useful for seeing strong resistance / support locations based on price averages. Extremes may transition from a Support to a Resistance based on its position above or below them and how many times the price has either bounced up off them (Supporting) or Bounced back down after hitting them (Resistance).
8. Pivots:
Pivots may be a very important indicator of support and resistance for horizontal price movement. Pivots may represent the current strongest Support and Resistance. When the Pivot changes, it means a new strong Support or Resistance has been created. Sometimes you'll notice the price constantly pushes the pivot during a massive Pump or Dump. This is normal, and may indicate high levels of volatility. This generally also happens when the price is outside of the Bollinger Bands and is also Over or Undervalued. The price usually consolidates for a while after something like this happens before more drastic movement may occur.
9. Trend Lines:
Trend lines may be one of the best indicators of support and resistance for diagonal price movement. When a Trend Line fails to hold it may be a strong indication of a dump. Keep a close eye to where Upward and Downward Trend Lines meet. Trend lines can create different trading formations known as Pennants, Flags and Wedges. Please familiarize yourself with these formations So you know what to look for.
10. Bollinger Bands (BOLL):
Bollinger Bands may be very useful, and ours have been customized so they may be even more accurate by using a modified calculation that also incorporates volume.
Bollinger Bands may be used to see Movement vs Consolidation Zones (When it’s wide vs narrow). It also may be very useful for seeing where the correction areas are likely to be. Price may bounce between top and bottom of the BOLL, unless perhaps in a pump or dump. The Boom Meter may show you whether it is currently: Dumping, Consolidation or Pumping, along with Boom Meter Bar Colors, may be a good indication if it will break the BOLL. The Middle Line of the BOLL (White Line) may be a very strong support / resistance line. If the price closes above or below it, it may be a good indication of the trend changing (it may be one of the first stages to a pump or dump).
11. Boom Meter Bar Colors:
Boom Meter bar colors may be very useful for seeing when the bar is Overbought or Underbought. There are 6 different types of boom meter bar colors, they are:
Dark Green: RSI may be very Overbought and price going UP (May be in a big pump. NOTICE, chance of small dump correction if Cherry Red bar appears).
Light Green: RSI may be slightly Overbought and price going UP (chance of small pump).
Light Purple: RSI may be very Underbought and price going UP (May have chance of small correction).
Dark Red: RSI may be very Underbought and price going DOWN (May be in a big dump. NOTICE, chance of small pump correction if Light Purple bar appears).
Light Orange: RSI may be slightly Underbought and price going DOWN (chance of small dump).
Cherry Red: RSI may be very Overbought and price going DOWN (Chance of small correction).
12. True Value Zone:
True Value Zones display zones that represent ranges to show what the price may truly belong within. They may be very useful for knowing if the Price is currently not valued correctly, which generally means a correction may happen soon. True Value Zones can swap from Bullish to Bearish and are represented by Red for Bearish and Green for Bullish. For example, if the price is ABOVE and OUTSIDE of the True Value Zone, this means it may be very overvalued and might correct to go back inside the True Value Zone. This correction may be done by either dumping in price back into the zone, or consolidating horizontally back into it over a longer period of time. Vice Versa is also true if it is BELOW and OUTSIDE of the True Value Zone.
13. Bar Strength Index:
Bar Strength Index may display how Bullish/Bearish the current bar is. The strength is important to help see if a pump may be losing momentum or vice versa if a dump may correct. Keep in mind, the Bar Strength Index does a small 'refresh' to account for new bars. It may help to keep the Index more accurate.
14. Volume Profile:
Volume Profiles may be important to know where the Horizontal Support/Resistance is in Price base on Volume. Our Volume Profile may identify the point where the most volume has occurred within the most relevant timeframe. Volume Profiles are helpful at identifying where Whales have their orders placed. The reason why they are so helpful at identifying whales is when the volume is profiled to a specific area, there may likely be lots of Limit Buy and/or Sells around there. Limit Buys may act as Support and Limit Sells may act as Resistance. It may be very useful to know where these lie within the price, similar to looking at Order Book Data for Whale locations.
If you have any questions, comments, ideas or concerns please don't hesitate to contact us.
HAPPY TRADING!
EMA with Supply and Demand Zones
The EMA with Supply and Demand Strategy is a trend-following trading approach that integrates Exponential Moving Averages (EMA) with supply and demand zones to identify potential entry and exit points. Below is a detailed description of its components and logic:
Key Components of the Strategy
1. EMA (Exponential Moving Average)
The EMA is used as a trend filter:
Bullish Trend: Price is above the EMA.
Bearish Trend: Price is below the EMA.
The EMA ensures that trades align with the overall market trend, reducing counter-trend risks.
2. Supply and Demand Zones
Demand Zone:
Represents areas where the price historically found support (buyers dominated).
Calculated using the lowest low over a specified lookback period.
Used for identifying potential long entry points.
Supply Zone:
Represents areas where the price historically faced resistance (sellers dominated).
Calculated using the highest high over a specified lookback period.
Used for identifying potential short entry points.
3. Trade Conditions
Long Trade:
Triggered when:
The price is above the EMA (bullish trend).
The low of the current candle touches or penetrates the most recent demand zone.
Short Trade:
Triggered when:
The price is below the EMA (bearish trend).
The high of the current candle touches or penetrates the most recent supply zone.
4. Exit Conditions
Long Exit:
Exit the trade when the price closes below the EMA, indicating a potential trend reversal.
Short Exit:
Exit the trade when the price closes above the EMA, signaling a potential upward reversal.
Visual Representation
EMA: A blue line plotted on the chart to show the trend.
Supply Zones: Red horizontal lines representing potential resistance levels.
Demand Zones: Green horizontal lines representing potential support levels.
These zones dynamically adjust to reflect the most recent 3 levels.
How the Strategy Works
Trend Identification:
The EMA determines the direction of the trade:
Look for long trades only in a bullish trend (price above EMA).
Look for short trades only in a bearish trend (price below EMA).
Entry Points:
Wait for price interaction with a supply or demand zone:
If the price touches a demand zone during a bullish trend, initiate a long trade.
If the price touches a supply zone during a bearish trend, initiate a short trade.
Risk Management:
The strategy exits trades if the price moves against the trend (crosses the EMA).
This ensures minimal exposure during adverse market movements.
Benefits of the Strategy
Trend Alignment:
Reduces counter-trend trades, improving the win rate.
Clear Entry and Exit Rules:
Combines price action (zones) with a reliable trend filter (EMA).
Dynamic Levels:
The supply and demand zones adapt to changing market conditions.
Customization Options
EMA Length:
Adjust to suit different timeframes or market conditions (e.g., 20 for faster trends, 50 for slower trends).
Lookback Period:
Fine-tune to capture broader or narrower supply and demand zones.
Risk/Reward Preferences:
Pair the strategy with stop-loss and take-profit levels for enhanced control.
This strategy is ideal for traders looking for a structured approach to identify high-probability trades while aligning with the prevailing trend. Backtest and optimize parameters based on your trading style and the specific asset you're tradin
Static Buy Zone with Dynamic RSI OverlayOverview:
The Static Buy Zone with Dynamic RSI Overlay is a custom technical indicator designed to help traders visualize potential buy and sell zones on a price chart. It achieves this by plotting dynamic horizontal lines and a shaded box representing the buy or sell zones based on the current price and RSI (Relative Strength Index) values. The indicator highlights price levels that are 1% above and below the current price, which can serve as a visual reference for potential market entry or exit points. The fill color and the placement of these zones are dynamically updated based on the RSI values and price movement, offering a clear, visual representation of overbought or oversold conditions.
Key Features:
• Dynamic Buy and Sell Zones:
The indicator plots horizontal lines 1% above and 1% below the current price to identify potential buy and sell zones. These zones are recalculated on every bar update, ensuring that they stay relevant to the latest price movement.
• RSI Integration:
The RSI indicator is used to detect overbought and oversold conditions, which trigger the display of the buy/sell zones:
• When the RSI falls below a user-defined lower bound (default 20), a green buy zone is drawn to indicate a potential buying opportunity.
• When the RSI exceeds a user-defined upper bound (default 80), a red sell zone is drawn to indicate a potential selling opportunity.
• Visual Aids:
The indicator visually highlights the areas between the two price boundaries by filling the space with a semi-transparent color (green for buy, red for sell). This makes it easy for traders to spot these areas on the chart.
• User Customization:
• RSI Thresholds: Users can customize the upper and lower RSI bounds that trigger the buy/sell zones.
• Price Range: The buy and sell zones are set dynamically as 1% above or below the current price, but this range can be easily adapted if needed by editing the script.
How it Works:
The indicator calculates the buy zone as the area 1% below the current price and the sell zone as the area 1% above the current price. When the RSI value crosses above or below the user-defined thresholds, these zones are plotted on the chart with a corresponding color (green for buy, red for sell). This allows traders to quickly assess when the market might be overbought or oversold and take action accordingly.
When the RSI is within the normal range (between the upper and lower bounds), the indicator removes the lines and box, signaling that the price is in a neutral state and not in an immediate buy or sell zone.
Use Case:
This indicator is especially useful for traders who prefer a visual representation of overbought/oversold zones and want to quickly spot potential reversal points. By combining price action and RSI levels, it offers a comprehensive view of possible entry and exit points, especially in volatile markets.
How to Use:
1. Plot on any asset: Add the indicator to your chart to automatically generate the buy/sell zones based on the current price and RSI.
2. Adjust RSI thresholds: Customize the RSI bounds to suit your trading style. For example, conservative traders may opt for lower bounds (e.g., 30 for buys and 70 for sells), while more aggressive traders might use 20 and 80.
3. Interpretation:
• Green Zone: A green shaded area will appear when the RSI is below the lower bound, signaling a potential oversold condition. This is a zone where buying pressure might increase.
• Red Zone: A red shaded area will appear when the RSI is above the upper bound, signaling a potential overbought condition. This is a zone where selling pressure might increase.
Disclaimer:
This indicator is intended to be used as a supplementary tool for market analysis and is not a stand-alone trading system. Traders should use it in conjunction with other technical indicators and fundamental analysis to make well-informed trading decisions.
Chart Example:
Why This Indicator is Original:
• This script dynamically integrates the RSI with buy/sell zones based on price movement rather than simply replicating traditional RSI overbought/oversold indicators.
• It offers a unique visual representation by shading areas of the chart based on real-time RSI values, allowing for a quick, intuitive understanding of potential entry/exit points.
Dynamic Zone Risk Manager [Algo Seeker]Introduction
The Algo Seeker: Dynamic Zone Risk Manager excels in both ranging and trending market conditions. It merges two critical trading components: a zone identification system that allows traders to anticipate price movement within structured ranges and a dynamic risk assessment table that optimizes position sizing based on account parameters and zone-specific characteristics, while also calculating trade-specific risk and reward.
For traders struggling with consistent risk management and identifying high-probability zones, particularly in challenging ranging market conditions, this tool provides a structured framework that enhances precision in trading decisions and capital allocation — addressing two of the most common challenges in trading.
🟠 Unique Features & Trading Benefits
Advanced Zone Structuring:
🟢 The indicator adapts to different trading styles through Scalp, Swing, and Investor modes. Scalp mode generates tight, precise zones optimized for intraday price movements and quick trades completed within minutes or hours. Swing mode creates intermediate zones calibrated for positions held for the entire day or a few weeks, providing optimal zone structures for medium-term trading approaches. Investor mode establishes broader zones designed specifically for positions spanning a few weeks to a few months, identifying major support and resistance levels for extended holding periods.
🟢 These zones are particularly useful during ranging markets. They define clear price ranges within which movement may oscillate based on the selected trading horizon. Such clarity helps traders anticipate potential bounce areas and manage trades more effectively, even when the market lacks a clear directional trend.
🟢 The system transforms static price levels into comprehensive trading zones with clearly defined boundaries. The multi-dimensional architecture creates actionable entry, exit, and management levels that remain relevant across different market conditions.
Unique Risk Management:
🟢 A dynamic risk table that calculates position sizing based on the trader's actual account size. When traders select Scalp, Swing, or Investor mode, the table automatically computes the optimal capital allocation specifically for that mode and the current zone.
🟢 The table provides exact dollar amounts for both risk and potential reward based on current price position within the zone. If price is already moving through a zone, the table dynamically updates to show how much of the potential reward remains available.
🟢 This precise risk management system gives traders a clear, quantified understanding of exactly how much capital to allocate per trade, the specific dollar amount at risk, and the remaining profit potential—all updating in real-time as price moves through the zones.
Dynamic Cost Basis Analysis:
🟢 Continuously calculates optimal midpoints within each zone, creating additional precision pivot points that traditional tools can lack. These dynamic reference points enhance trade accuracy in ranging markets while providing essential data points for the integrated risk management calculations.
🟠 The Power of Integration: Zones Meet Risk Management
The true power of the Algo Seeker: Dynamic Zone Risk Manager emerges when these components work together as a unified system. The trader-selected strategy zones and dynamic risk table create a complete trading ecosystem that addresses the three critical elements of successful trading:
1. Precision Entry Points: Zone boundaries provide clear entry thresholds optimized for your selected trading mode (Scalp, Swing, or Investor), eliminating guesswork around optimal trade initiation points.
2. Disciplined Risk Control: The risk table's exact dollar calculations remove emotional decision-making from position sizing and stop placement, creating a consistent risk approach regardless of market volatility.
3. Strategic Exit Management: As price moves through zones, both visual cues and quantified metrics guide intelligent profit-taking decisions, preventing the common mistake of exiting too early or holding too long.
This synchronized framework transforms theoretical analysis into practical execution, giving traders a complete toolset for managing the entire lifecycle of each trade with precision and confidence.
🟠 Additional Algo Benefits
Psychological Trading Edge:
The Algo Seeker: Dynamic Zone Risk Manager addresses the most challenging aspect of trading—emotional decision-making. By transforming complex risk/reward calculations into clear, quantified metrics, the system eliminates decision paralysis and reactionary trading. Traders gain immediate clarity during volatile conditions through the visual integration of precise zones and risk parameters. This psychological framework cultivates discipline and confidence when market noise typically triggers impulsive decisions, allowing for consistent execution even during challenging market environments.
Efficiency and Time Value:
The system delivers exceptional time efficiency by eliminating the need for manual risk calculations, zone identification, and position sizing. What typically requires multiple tools and extensive spreadsheet calculations is seamlessly integrated into a unified interface. Traders receive immediate, actionable insights without the cognitive burden of juggling separate indicators. This allows professionals to focus on strategic decisions rather than technical calculations.
Advanced User Customization:
Unlike one-size-fits-all indicators, the Algo Seeker: Dynamic Zone Risk Manager adapts to individual trading methodologies. The system accommodates personalized account parameters and allocates capital differently based on three distinct trading modes—scalping, swing trading, and investing. This flexibility allows professional traders to implement their unique strategy while maintaining precise risk control across different positions and time horizons. The customizable table positioning and color schemes further enhance workflow integration for diverse trading environments.
🟠 How to Use
Initial Setup
1. Lookback Parameter: The Lookback Period determines which candle data the Dynamic Zone Risk Manager uses to establish trading zones:
🟢Lookback = 1 (Default): Uses the most recent closed candle to calculate zones. This provides stable analysis based on completed price action and is recommended for most trading scenarios.
🟢Lookback = 0: Uses the current, still-forming candle. This offers more immediate responsiveness, but zones may change as the candle develops. For consistent zone analysis, Lookback = 1 typically offers a better foundation.
2. Configure Account Parameters: Input your total trading capital in the settings panel to customize risk calculations specific to your account size.
3. Select Trading Mode: Choose between Scalp, Swing, or Investor modes based on your preferred trade style:
🟢Scalp: For intraday movements (minutes to hours)
🟢Swing: For medium-term positions (days to weeks)
🟢 Investor: For longer-term positions (weeks to months)
4. Account Parameters Setup: The risk management component requires your account size to provide accurate position sizing calculations.
🟢Total Account Size: Enter your total trading capital in the "Total Account Size ($)" input. All risk calculations are based on this value.
🟢Trading Allocation Percentages: The system allows you to divide your capital across three trading modes.
1. Scalp Allocation (%): Percentage of capital reserved for short-term trades
2. Swing Allocation (%): Percentage of capital for medium-term positions
3. Invest Allocation (%): Percentage of capital for longer-term investments
These percentages can be customized to match your personal trading strategy and risk tolerance.
Margin Multiplier: Adjust the margin multiplier value based on your broker's requirements and your preferred leverage.
The system uses these parameters to calculate appropriate position sizes for each trading mode, ensuring your risk exposure remains aligned with your capital management plan.
5.Visual Customization: Adjust color schemes and table positions to optimize for your workspace layout and visual preferences.
🟠 Risk Table Explanation
The dynamic risk tables provide real-time position sizing and risk metrics as price moves through different zones:
1. Zone Column: Displays the current zone where price is located.
2. Zone Size: Shows the total price range of the current zone.
3. Trade Type: Indicates the trading style (Scalp, Swing, or Invest).
4. Shares: Displays the calculated position size (number of shares) based on your account parameters and the current zone.
5. Risk($): Shows the approximate dollar amount at risk if the trade moves against you within the zone.
6. Reward($): Displays the potential dollar return if price moves completely through the zone in your favor.
7. Left: Indicates how much potential movement remains within the current zone based on the latest price.
The table updates dynamically as price moves, giving you real-time risk/reward information. Each trading style is displayed separately, allowing you to compare potential position sizes across different trade modes while maintaining consistent risk management.
🟠 Strategic Execution
Strategy Usage Example
The Algo Seeker: Dynamic Zone Risk Manager provides a complete framework for precise trading decisions. Here's how you might leverage its power:
1. Zone-Based Trading: The indicator identifies key zones and levels that serve as powerful pivot points. These are not arbitrary levels but mathematically derived zones where price is likely to react. Use these zones directly for your trading decisions.
2. Precision Entries: For long positions, enter near the lower boundary of a zone with targets at the upper boundary. For shorts, enter near the upper boundary with targets at the lower boundary. These levels identify potential entry points based on the underlying market structure.
3. Risk Management: The zone, level, or cost basis below your entry (for longs) or above your entry (for shorts) can serve as logical places to set stop losses, helping you define your risk on each trade.
4. Position Sizing Precision: Use the exact share/contract quantities displayed in the risk table. This eliminates guesswork in position sizing and provides both risk and profit calculations that align perfectly with your capital management strategy.
5. Strategic Exits: Take profits at the target zone boundaries identified by the indicator. These levels represent mathematical points where price may encounter resistance or support, providing potential exit opportunities.
6. Advanced Strategy Options:
🟢Consider taking partial profits at cost basis (midpoint) levels
🟢Trade from zone to zone using the defined boundaries
🟢Scale in or out at specific zone transitions
🟢Set trailing stops at subsequent zone boundaries as price progresses
The strength of this indicator lies in its ability to provide all the critical decision points needed for a complete trade - from entry to exit, with precise position sizing - all derived from its sophisticated algorithmic analysis rather than subjective interpretation.
🟠 Alert Configuration
1. Zone Crossovers: Set alerts for when price transitions between key zones.
2. Cost Basis Interactions: Configure notifications for when price approaches optimal entry points.
The Algo Seeker Wizard Ultra Risk represents years of development and refinement in professional trading environments. Its integration of sophisticated zone identification with precise risk management creates a comprehensive framework that transforms theoretical market analysis into actionable trading decisions with quantified risk parameters.
Momentum Shift [Bigbeluga]
This indicator identifies momentum shifts using a smoothed momentum calculation. It plots dynamic shift zones consisting of five levels that expand or contract based on price action. When momentum rises, the indicator creates an upward shift zone, and when momentum falls, it generates a downward shift zone. The shift zones dynamically react to price, stopping extension when a level is crossed.
🔵Key Features:
Smoothed Momentum Calculation:
➣ Utilizes a Hull Moving Average (HMA) to smooth momentum and reduce noise.
➣ Identifies momentum shifts with crossovers between the current momentum value and its previous state.
➣ Uses a gradient color scheme to highlight momentum strength.
Dynamic Shift Zones:
➣ When momentum rises, the indicator plots an upper shift zone with five incremental levels.
➣ When momentum falls, a lower shift zone is formed with five descending levels.
➣ Each level within the shift zone represents a progressively stronger momentum shift.
Level Extension Control:
➣ Shift zones stop extending once a level is crossed by price.
➣ Levels closer to price act as key momentum resistance or support zones.
➣ If price retraces after a shift, the remaining levels stay intact for further reference.
Momentum Direction Indications:
➣ Labels (▲ and ▼) appear at momentum shift points to indicate rising or falling momentum.
🔵Usage:
Momentum-Based Entries: Identify momentum shifts early by using shift zones as confirmation for trade entries.
Trend Continuation & Exhaustion: Observe which shift levels price respects—if momentum shift zones hold, the trend may continue; if they break, momentum may reverse.
Dynamic Support & Resistance: Use the five-level shift zones as temporary support and resistance areas that adapt to momentum shifts.
Momentum Strength Analysis: If price moves through multiple shift levels in one direction, it signals strong momentum in that direction.
Momentum Shift is a powerful tool for traders looking to analyze momentum shifts with structured visual zones. By combining smoothed momentum calculations with dynamic shift zones, this indicator provides a clear view of market momentum and helps traders navigate price action effectively.
Support and Resistance ZonesSupport and Resistance Zones— Indicator
Overview :
This indicator dynamically detects and visualizes key support and resistance zones by aggregating price data into synthetic candles. It highlights these critical price areas as shaded boxes that adjust in real-time, providing traders with clear visual cues on where price might find support or resistance.
Key Features :
-Dynamic Zone Detection: Automatically identifies zones formed by consecutive grouped candles meeting customizable criteria.
-Aggregation Factor: Combine multiple bars into synthetic candles to reduce noise and emphasize significant price zones.
-Customizable Zone Length: Extend the zone boxes by a user-defined number of bars beyond the current price for enhanced visualization.
-Visual Styling: Fully customizable zone fill and border colors to suit your chart preferences.
-Zone Lifecycle Control: Option to terminate old zones to maintain a clean chart.
-Breakout Alerts: Trigger alerts when price breaks above or below confirmed zones, signaling potential trading opportunities.
Inputs :
-Minimum Candles to Form Zone: Sets how many consecutive synthetic candles must align to form a valid zone.
-Aggregation Factor: Defines how many bars are combined to create a synthetic candle.
-Zone Fill and Border Colors: Customize the appearance of zones on the chart.
-Terminate Old Zones: Enable or disable automatic removal of previous zones.
-Box Extension Bars: Number of bars the zone boxes extend beyond their detected range for better visibility.
How to Use :
1. Apply the Indicator : Add it to your chart on any timeframe or market (Forex, stocks, crypto).
2. Set Input : Adjust the minimum candles, aggregation factor, and box extension bars based on your trading style and timeframe. For example, higher aggregation smooths noise for longer-term zones.
3. Visualize Zones : Watch as the indicator dynamically draws shaded boxes representing areas of support and resistance. Zones will grow as price action confirms their strength.
4. Monitor Breakouts : Use breakout alerts to be notified when price decisively moves beyond a zone, providing signals for possible entries or exits.
5.Customize Appearance : Adjust colors and enable zone termination to keep your chart clear and focused.
This tool simplifies identifying important price levels, reducing manual analysis time and helping you make informed trading decisions.
Dynamic Supply & Demand Zones- AYNETSummary of the Code: Dynamic Supply & Demand Zones
This Pine Script creates dynamic supply (resistance) and demand (support) zones on a chart by identifying the highest and lowest prices over a user-defined lookback period. It visualizes these zones with shaded regions and horizontal lines that dynamically adjust to price movements.
Key Features:
Dynamic Support Zone (Demand):
Calculated using the lowest price in the last lookback bars.
Creates a shaded region around this price, extended up and down by a user-defined zone width.
Horizontal lines clearly mark the top and bottom of the demand zone.
Dynamic Resistance Zone (Supply):
Calculated using the highest price in the last lookback bars.
Similarly, a shaded region and lines are drawn for this zone, representing supply.
Customizable Inputs:
lookback: Number of bars to calculate the highest and lowest prices.
zone_width: The buffer distance above/below the highest/lowest price to create the zone.
Colors: Separate color inputs for the fill and lines of support and resistance zones.
Dynamic Updates:
Both zones update automatically as new bars are added and the highest/lowest prices change.
Visual Representation:
The script uses plot to create shaded regions and line objects to draw horizontal boundaries.
How It Works:
Inputs:
The user provides a lookback period and zone_width.
Calculations:
Lowest price in the last lookback bars defines the support zone.
Highest price in the same period defines the resistance zone.
Plotting:
The zones are plotted with shaded regions and dynamic lines.
Use Case:
This indicator helps identify key price levels where supply (resistance) or demand (support) is likely to affect price movement.
Useful for traders who rely on support/resistance levels in their strategies.
Let me know if you'd like further enhancements or integrations! 😊
Impulse Zones | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Impulse Zones indicator, a powerful tool designed to identify significant price movements accompanied by strong volume, highlighting potential areas of support and resistance. These Impulse Zones can offer valuable insights into market momentum and potential reversal or continuation points. For more information about the process, please check the "HOW DOES IT WORK ?" section.
Impulse Zones Features :
Dynamic Zone Creation : Automatically identifies and plots potential supply and demand zones based on significant price impulses and volume spikes.
Customizable Settings : Allows you to adjust the sensitivity of zone detection based on your trading style and market conditions.
Retests and Breakouts : Clearly marks instances where price retests or breaks through established Impulse Zones, providing potential entry or exit signals.
Alerts : You can set alerts for Bullish & Bearish Impulse Zone detection and their retests.
🚩 UNIQUENESS
Our Impulse Zones indicator stands out by combining both price action (impulsive moves) and volume confirmation to define significant zones. Unlike simple support and resistance indicators, it emphasizes the strength behind price movements, potentially filtering out less significant levels. The inclusion of retest and breakout visuals directly on the chart provides immediate context for potential trading opportunities. The user can also set up alerts for freshly detected Impulse Zones & the retests of them.
📌 HOW DOES IT WORK ?
The indicator identifies bars where the price range (high - low) is significantly larger than the average true range (ATR), indicating a strong price movement. The Size Sensitivity input allows you to control how large this impulse needs to be relative to the ATR.
Simultaneously, it checks if the volume on the impulse bar is significantly higher than the average volume. The Volume Sensitivity input governs this threshold.
When both the price impulse and volume confirmation criteria are met, an Impulse Zone is created in the corresponding direction. The high and low of the impulse bar define the initial boundaries of the zone. Zones are extended forward in time to remain relevant. The indicator manages the number of active zones to maintain chart clarity and can remove zones that haven't been touched for a specified period. The indicator monitors price action within and around established zones.
A retest is identified when the price touches a zone and then moves away. A break occurs when the price closes beyond the invalidation point of a zone. Keep in mind that if "Show Historic Zones" setting is disabled, you will not see break labels as their zones will be removed from the chart.
The detection of Impulse Zones are immediate signs of significant buying or selling pressure entering the market. These zones represent areas where a strong imbalance between buyers and sellers has led to a rapid price movement accompanied by high volume. Bullish Impulse Zones act as a possible future support zone, and Bearish Impulse Zones act as a possible future resistance zone. Retests of the zones suggest a strong potential movement in the corresponding direction.
⚙️ SETTINGS
1. General Configuration
Show Historic Zones: If enabled, invalidated or expired Impulse Zones will remain visible on the chart.
2. Impulse Zones
Invalidation Method: Determines which part of the candle (Wick or Close) is used to invalidate a zone break.
Size Sensitivity: Controls the required size of the impulse bar relative to the ATR for a zone to be detected. Higher values may identify fewer, larger zones. Lower values may detect more, smaller zones.
Volume Sensitivity: Controls the required volume of the impulse bar relative to the average volume for a zone to be detected. Higher values require more significant volume.
Labels: Toggles the display of "IZ" labels on the identified zones.
Retests: Enables the visual highlighting of retests on the zones.
Breaks: Enables the visual highlighting of zone breaks.
BTC Halving [YinYangAlgorithms]This Indicator not only estimates what it thinks may be the PRICE for the Start, High and Low of the Halving, but likewise estimates WHEN the Start, High and Low of Halving may be. It then creates Trend Lines based on these predictions so that you may get an evaluation towards if the Price is currently Overbought or Oversold. These Trend Lines may be very useful for seeing the Slope in which the Price may move if it is to reach the estimated Price by the estimated Date. By evaluating the Prices location based on these Trend Lines we may determine if the Price is currently Overbought or Oversold.
These Trend Lines likewise may help identify locations of Support and Resistance. If the Price is much higher than its current Trend Line it is Overbought. There is a chance it will Consolidate back to the Trend Line or it may even correct with a dump all the way back to it; the opposite is true if it is much lower than its current Trend Line.
Trend Lines and Estimates are not all that is featured within this Indicator however. There are also Price Zones which may help identify if the price is currently:
Very Overbought (Red)
Slightly Overbought (Orange)
Neutral (Yellow)
Slightly Oversold (Teal)
Very Oversold (Green)
These zones may help give you an idea of how the price is currently fairing and its potential for movement. Likewise, it may help define where Support and Resistance may be found.
The trend line estimates are done with an algorithm created to evaluate the difference between price and % change that has occurred between the Start, High and Low of all the halvings over how many days between each data type. This may allow us to make an educated estimate towards what Price and Date the Start, High and Low will occur at.
Our Zones are created by evaluating the current Market Cap and circulating supply vs Max Supply of BTC. This may help give us an evaluation of what Price may be considered to be Overbought and Oversold; and likewise may help with estimations of where there may be Support and Resistance based on these Zones.
Tutorial:
In the example above we’re displaying the Halving Start Trend Line, our Information Tables and our Estimated Halving Vertical Marker. This Trend Line may help to display not only the trajectory and slope the Price needs to take to reach the Estimated Halving Price by the Estimated Halving Date; but it may also help to show if the price is Overvalued or Undervalued based on its position above or below this Trend Line.
Based on the Trajectory of the Estimated High Upward Trend Line (Green Line) in the photo above and from the ‘High Date’ estimated in the Information tables; we may attempt to estimate the location the ATH of this Bull Market will create and the price slope it may follow in doing so. This Trajectory may be very useful for understanding the price action that may occur for it to reach the High estimated Price by the High estimated Date.
We currently allow for two different types of zones within our Settings, one called ‘Fast’ displayed in the example above; and the other called ‘Slow’ displayed in the example below.
Our Fast Zone aims to move the Zone Levels Faster in an attempt to move with volatility and parabolic movement. This may help to keep the Very Overbought (Red) and Very OverSold (Green) Levels more accurate by attempting to keep the price within them. By doing so, we may aim to keep all of the Slightly Overbought, Slightly Oversold and Neutral Levels more accurate as well.
The Levels within these zones are defined by the Bright (less transparent) Lines. Whereas the Darker (more transparent) lines represent the Basis Lines between two different levels. These Basis lines may likewise act as a Support and Resistance Location too, but generally hold less weight than the actual Levels themselves.
What you may see is that during the Bull Market, the price is within the very Overbought Zones and even touches again the Very Overbought Level a few times. Likewise, during the Bear Market, the price is within the very Oversold Zones and even slightly drops below the Very Oversold Level. This may be expected and likewise may help to give estimates at potential for growth and decay within the Price based on which condition the Market is within.
Slow Zones move a little slower than Fast Zones, however they may still be accurate. Likewise, it is up to you to decide which Zone works better for your specific Trading Style; however, by default, the Zone type is set to Fast.
If you refer to both the Fast and Slow examples above, you may notice in the Fast the Price is only slightly above the ‘Slightly Oversold’ (Teal) line. Also, In the Fast, the Price where the ‘Very Overbought’ Level is 100k. This is one of the many reasons we’ve opted for ‘Fast’ as the default, and it is because it allows more room for movement; and in our opinion, potentially accuracy as well.
If you refer to the Slow example, you’ll see that the price is currently facing the Neutral Level as a Resistance location. However, if you refer to the price residing at the Slows ‘Very Overbought’ Level, it is only 81.5k, compared to the 100k of Fast.
The BTC Halving is a major event that takes place roughly every 4 years. It historically has a major impact on the market, and some may even say it signifies the Start, or close to start of the Bull Market. Therefore, since historically there may be cycles that BTC and potentially crypto itself follows, we’ve developed this Indicator in hopes that it may solve one of the biggest questions traders face. What Date will the Start, High and Low of the Halving occur and also at what Price.
Hopefully this Tutorial has given you some guidance as to how this Indicator may be used to help identify some of these key levels; including the slope at which the price may have to move if it is to reach its projection Price by its projected Date.
Settings:
1. Show Prediction Trend Lines:
- Options:
All
Start + High
Start + Low
High + Low
Start
High
Low
None
- Description:
Prediction Trend Lines may be an important way to see the Slope the Price needs to take to reach the Predicted Price by the Predicted Date. This may be useful for identifying if the Price is currently Overbought or Oversold.
2. Zone Type:
- Options:
Fast
Slow
- Description:
Zone types change the way the Zones expand.
3. Show Zones:
- Options:
All
Zones
Basis
None
- Description:
Zones are a way of seeing Overbought and Oversold Price locations based on Market Cap and Circulating Supply vs Max Supply.
4. Vertical Markers:
- Options:
All
Line
Label
None
- Description:
Vertical Markers display where the Halving has occurred with a Vertical Line and Label.
5. Show Tables:
Tables may be useful for seeing the Price and Date for when the Start, High and Low of the Halving may occur.
6. Fill Zones:
Filling in Zones may help to identify which Zone the Price is currently in.
If you have any questions, comments, ideas or concerns please don't hesitate to contact us.
HAPPY TRADING!
Frozen Bias Zones – Sentiment Lock-insOverview
The Frozen Bias Zones indicator visualizes market sentiment lock-ins using a combination of RSI, MACD, and OBV. It creates "bias zones" that indicate whether the market is in a sustained bullish or bearish phase. These zones are then highlighted on the chart, helping traders spot when the market is locked in a bias. The script also detects breakout events from these zones and marks them with clear labels for easier decision-making.
Features
Multi-Indicator Sentiment Analysis: Combines RSI, MACD, and OBV to detect synchronized bullish or bearish sentiment.
Frozen Bias Zones: Identifies and visually represents zones where the market has remained in a particular sentiment (bullish or bearish) for a defined period.
Breakout Alerts: Displays labels to indicate when the price breaks out of the established bias zone.
Customizable Inputs: Adjust the zone duration, RSI, MACD, and breakout label visibility.
Input Parameters
Bias Duration (biasLength)
The minimum number of candles the market must stay in a specific sentiment to consider it a "Frozen Bias Zone".
Default: 5 candles.
RSI Period (rsiPeriod)
Period for the Relative Strength Index (RSI) calculation.
Default: 14 periods.
MACD Settings
MACD Fast (macdFast): The fast-moving average period for the MACD calculation.
Default: 12.
MACD Slow (macdSlow): The slow-moving average period for the MACD calculation.
Default: 26.
MACD Signal (macdSig): The signal line period for MACD.
Default: 9.
Show Break Label (showBreakLabel)
Toggle to show labels when the price breaks out of the bias zone.
Default: True (shows label).
Bias Zone Colors
Bullish Bias Color (bullColor): The color for bullish zones (light green).
Bearish Bias Color (bearColor): The color for bearish zones (light red).
How It Works
This indicator analyzes three key market metrics to determine whether the market is in a bullish or bearish phase:
RSI (Relative Strength Index)
Measures the speed and change of price movements. RSI > 50 indicates a bullish phase, while RSI < 50 indicates a bearish phase.
MACD (Moving Average Convergence Divergence)
Measures the relationship between two moving averages of the price. A positive MACD histogram indicates bullish momentum, while a negative histogram indicates bearish momentum.
OBV (On-Balance Volume)
Uses volume flow to determine if a trend is likely to continue. A rising OBV indicates bullish accumulation, while a falling OBV indicates bearish distribution.
Bias Zone Detection
The market sentiment is considered bullish if all three indicators (RSI, MACD, and OBV) are bullish, and bearish if all three indicators are bearish.
Bullish Zone: A zone is created when the market sentiment remains bullish for the duration of the specified biasLength.
Bearish Zone: A zone is created when the market sentiment remains bearish for the duration of the specified biasLength.
These bias zones are visually represented on the chart as colored boxes (green for bullish, red for bearish).
Breakout Detection
The script automatically detects when the market exits a bias zone. If the price moves outside the bounds of the established zone (either up or down), the script will display one of the following labels:
Bias Break (Up): Indicates that the price has broken upwards out of the zone (with a green label).
Bias Break (Down): Indicates that the price has broken downwards out of the zone (with a red label).
These labels help traders easily identify potential breakout points.
Example Use Case
Bullish Market Conditions: If the RSI is above 50, the MACD histogram is positive, and OBV is increasing, the script will highlight a green bias zone. Traders can watch for potential bullish breakouts or trend continuation after the zone ends.
Bearish Market Conditions: If the RSI is below 50, the MACD histogram is negative, and OBV is decreasing, the script will highlight a red bias zone. Traders can look for potential bearish breakouts when the zone ends.
Conclusion
The Frozen Bias Zones indicator is a powerful tool for traders looking to visualize prolonged market sentiment, whether bullish or bearish. By combining RSI, MACD, and OBV, it helps traders spot when the market is "locked in" to a bias. The breakout labels make it easier to take action when the price moves outside of the established zone, potentially signaling the start of a new trend.
Instructions
To use this script:
Add the Frozen Bias Zones indicator to your TradingView chart.
Adjust the input parameters to suit your trading strategy.
Observe the colored bias zones on your chart, along with breakout labels, to make informed decisions on trend continuation or reversal.
Fundur - Easy ZonesFundur Easy Zones Trading Indicator
The Fundur Easy Zones trading indicator is designed to simplify market analysis by visually marking critical trading zones. This tool helps traders identify optimal buy and sell areas based on historical price action, making it easier to make informed trading decisions.
Calculation Methodology
The Easy Zones indicator employs pivot point calculations combined with price action analysis and the Average True Range (ATR) to determine key trading zones. These zones are calculated by analyzing market volatility and price movements within each timeframe, allowing the identification of significant discount and premium levels.
Pivot Points: The indicator calculates pivot points based on the average of high, low, and close prices from previous periods. These pivot points serve as the foundational levels from which discount and premium zones are derived.
Price Action Analysis: Historical price data is scrutinized to identify patterns and behaviors that signify potential reversal points. This analysis helps in pinpointing zones where the market is likely to experience significant support (discount) or resistance (premium).
Average True Range (ATR): ATR is used to measure market volatility. By incorporating ATR into the calculations, the indicator adjusts the zone boundaries to reflect current market conditions, ensuring that the zones remain relevant and accurate. Higher ATR values indicate greater volatility and wider zones, while lower ATR values result in narrower zones.
Discount and Premium Levels: Based on the pivot points and ATR, the indicator calculates various tiers of discount and premium levels. These tiers (D1, D2, D3 for discounts and P1, P2, P3 for premiums) represent increasing levels of price deviation from the mean, providing traders with clear entry and exit points.
Features Overview
Zones Settings:
Zones History Length: Adjust the number of historical zones displayed on the chart to analyze past price behavior.
Levels Line Width: Customize the thickness of the zone lines for better visibility.
Structure Settings:
Show Fair Value: Display the fair value zone, providing a visual reference for equilibrium price levels. The fair value is calculated based on the median price over the selected period.
DP (Discount and Premium) Settings:
Enable Discount and Premium Levels: Activate the display of critical buy (discount) and sell (premium) zones. These zones are determined using price deviation analysis from the mean, identifying significant discount (support) and premium (resistance) levels.
Tiered Levels: Visualize up to three levels of discount and premium zones, each with specific target prices (TP1, TP2, TP3), representing different levels of price deviation significance.
Highlight Buy and Sell Zones:
Enable Background: Highlight the background of buy and sell zones for enhanced clarity.
Label Settings:
Enable All Labels: Ensure all labels are visible for quick reference.
Show Descriptive Title: Display titles for each zone, making it easier to understand the context.
Show Take Profit Targets (TP): Clearly mark take profit targets within each zone.
Show Price: Display price levels for each zone for precise entry and exit points.
Symbols Settings:
Fair Value, Premium, and Discount Indicators: Customize symbols to represent gaining or losing fair value, premium, and discount levels, enhancing visual cues for market sentiment.
How to Use the Easy Zones Indicator
Identifying Entry Points:
Use the Discount Zones to identify optimal buy areas. The levels (D1, D2, D3) represent increasing levels of discount, with D1 being the least discounted and D3 the most.
Place buy orders at or near these zones to take advantage of potential price reversals.
Identifying Exit Points:
Use the Premium Zones to identify optimal sell areas. The levels (P1, P2, P3) represent increasing levels of premium, with P1 being the least and P3 the highest.
Place sell orders at or near these zones to maximize profits on upward price movements.
Using Fair Value:
The Fair Value Zone provides a balanced price level where the market is likely to return. Use this as a reference point for setting realistic entry and exit targets.
Strategic Planning:
Combine Discount and Premium Zones with the Fair Value Zone to create a strategic trading plan.
Monitor the zones for price reactions and adjust your trading strategy accordingly.
Best Practices
Historical Analysis:
Regularly review historical price actions within the marked zones to understand market behavior.
Customization:
Adjust the settings to suit your trading style and market conditions. Experiment with different zone lengths and line widths for optimal clarity.
Risk Management:
Always use stop-loss orders in conjunction with the identified zones to manage risk effectively.
By integrating the Fundur Easy Zones indicator into your trading strategy, you can enhance your market analysis, make more informed decisions, and ultimately improve your trading performance.
Moving Average Zone Indicator (MAZI) - Complete!Now with adjustable settings!
Description:
The MAZI (Moving Average Zone Indicator) is a slow updating moving average calculation of key high and low points in the market, which is a unique approach to sampling moving averages.
The indicator tracks only the key candles that provide good information about price movement, which distinguishes it from other moving average indicators that record a new data point with every bar that prints.
The length of the MAZI is determined by the number of key price points to reference in the average equation, not the number of candles to look at.
We have included our very own unique addition besides the ability to adjust the settings which is called: Standard Deviation Zones
Standard Deviation Zones:
A standard deviation takes a set of values and tells you with a certain level of confidence that with those data points where a potential next data point could land.
When we take our key pivot high and key pivot low points and calculate standard deviations away from them.
We can more confidently predict where the next turn around will be.
Of course the market is always changing and this is not a sure thing but it will still help us get an idea of what places for the next pivot is reasonable.
At the same time if the price breaks above the top standard deviation lines and below the bottom ones it’s a clear sign of a significant move or change in the market
The MAZI band uses specific candle conditions to sample the highs and lows of specific candles to calculate the top and bottom moving averages.
If the close of a candle is lower than the close of the previous two candles, the high of the previous candle is recorded as a potential pivot value.
If the close of a candle is higher than the close of the previous two candles, the low of the previous candle is recorded as a potential pivot value.
These pivot values are adjustable!
The upper and lower bounds of the moving average zone are calculated as one and two standard deviations away from the moving averages, respectively.
The MAZI provides a unique perspective on price movement that can help traders identify key zones of support and resistance.
The MAZI’s equation gives traders 5 crucial points of interest: the direction of the zone, the top of the zone, the middle of the zone, the bottom of the zone, and the height of the zone.
How to use each point of interest
The Direction:
Because we don’t use every candle for input into our calculations, the direction of the indicator will not change with insignificant moves in the markets allowing you to catch when something is a pull back vs when it is a real direction change.
We have also included 3 easy to read colors allowing you to gauge when direction is going down, flat, or up, by alternating the color of the zone between red, white, and green respectively.
The Top of the Zone:
The top of the zone represents where price would be expected to not go over given the length of the bars being calculated.
So this tells you that if the zone is red and the highs are not breaking over the top of the zone, the market is behaving as expected and it should continue down.
On the other hand, if price does break over the top of the zone it signifies stronger than expected buying power and price movement.
The strongest indication of strong upward movement is when the top of the zone becomes an area of price support.
So when you see a candle come down from above the zone and turn around near the top of the zone there is likely a strong upward move coming.
Unless there is a very strong trend it is best to only take this trade the first time price breaks the top side and forms support.
On a range day this is not likely to happen multiple times in a row without price testing the bottom side in between.
The Middle of the Zone:
The middle of the zone is used as a general no trade zone.
Because price is inbetween where the expected high and low of price should be there is no good indicator of which way price will break out.
That does not mean you cannot find worthwhile patterns in the middle of the zone but as a general rule and a very good rule for beginner traders is to avoid entering a trade inside the zone all together.
The Bottom of the Zone:
The bottom of the zone is used similarly to the top of the zone.
If the zone is green and lows are not going below the bottom of the zone the shows you that sellers are not breaking below the expected price and therefore you can expect the price to continue moving up.
On the other hand if price breaks below the low part of the zone then it shows you that sell’s have pushed price below the expected low and therefore is currently under strong selling pressure.
The strongest signal for a big downward move is when the low of the zone (the expected bottom of where price should be given the length of the indicator) turns into a resistance area for price.
When a candle comes up from underneath the zone and fails to break into the zone and starts to drop again, that is the best signal for a big downward move.
Unless there is a very strong trend it is best to only take this trade the first time price breaks the bottom side and forms resistance.
On a range day this is not likely to happen multiple times in a row without price testing the top side in between.
The Size of the Zone:
The size of the zone is very important to keep in mind when gauging profit targets and stop loss levels.
When the market is forming trending patterns the height of the zone will grow.
When the market is showing signs of ranging it will start to shrink.
In other words the smaller the zone the smaller your profit target should be (and the tighter stop you should have).
A zone with a large height shows that we have much larger moves requiring wider stops and its more likely to hit larger profit targets.
Support & Resistance ZonesTitle: A Comprehensive Guide to the Support & Resistance Zones Indicator
Introduction
In the world of technical analysis, the Support & Resistance Zones indicator plays a crucial role in identifying potential trading opportunities. These zones are essential for traders looking to capitalize on bounces or break and retests. In this article, we will delve into the specifics of the Support & Resistance Zones indicator, outlining how it works, how it finds and marks zones, and the various options available for traders.
What the indicator is about
The Support & Resistance Zones indicator, developed by @HarryCTC, is a powerful tool for detecting areas of potential price reversal or consolidation in a financial market. These zones are significant as they can act as a guide for traders to make informed decisions on entering or exiting positions. Specifically, the indicator helps identify:
1. Support Zones: Areas where the price has a tendency to bounce back up after falling, indicating a potential buying opportunity.
2. Resistance Zones: Areas where the price has a tendency to reverse after rising, indicating a potential selling opportunity.
How the indicator finds its zones
The Support & Resistance Zones indicator utilizes pivot points to identify potential support and resistance levels. By analyzing the fractal structure of the price chart, the indicator identifies key turning points, known as bull and bear fractals. The bull fractal is a high pivot point, while the bear fractal is a low pivot point.
The fractal structure is determined by the 'Switch Zone Period' input, which can be adjusted to suit the trader's preferences. A higher value will result in fewer zones being identified, while a lower value will result in more zones.
How it marks zones and why it marks zones
The indicator marks the support and resistance zones by creating rectangular boxes around the identified fractal points. The zones are extended horizontally from the fractal point, allowing traders to visualize the potential areas of price reversal.
The zones are marked for the following reasons:
1. To provide a clear visual representation of potential support and resistance levels.
2. To help traders identify potential entry and exit points based on the price's reaction to these zones.
3. To serve as a reference for stop-loss and take-profit levels when planning trades.
The indicator's for traders trading bounces or break and retests
Traders who focus on trading bounces or break and retests can benefit immensely from the Support & Resistance Zones indicator. By providing a visual representation of key support and resistance levels, the indicator enables traders to:
1. Identify potential buying opportunities at support zones where the price is likely to bounce back up.
2. Identify potential selling opportunities at resistance zones where the price is likely to reverse after rising.
3. Make informed decisions on stop-loss and take-profit levels based on the price's proximity to support and resistance zones.
4. Monitor the market for potential breakouts or breakdowns when the price breaches these zones.
Indicator options
The Support & Resistance Zones indicator offers several customizable options to suit the trader's preferences. These options include:
1. Switch Zone Period: Adjusts the number of periods used to calculate the fractal structure, influencing the number of identified zones.
2. No. of Displayed Zones: Determines the maximum number of zones displayed on the chart, ranging from 1 to 8.
3. Zone Extension: Adjusts the horizontal extension of the support and resistance zones.
4. Resistance Zone Color: Customizes the color of the resistance zone boxes.
5. Support Zone Color: Customizes the color of the support zone boxes.
6. Zone Border Color: Customizes the color of the zone box borders.
Conclusion
The Support & Resistance Zones indicator is a valuable tool for traders looking to identify potential trading opportunities based on the price's interaction with support and resistance levels. By providing a clear visual representation of these zones, the
indicator allows traders to make informed decisions on entry and exit points, stop-loss, and take-profit levels. With customizable options, the indicator can be tailored to suit individual trading preferences and strategies.
SMC Liquidity ZonesThis script implements a "Smart Money Concept (SMC) Liquidity Zones" indicator in Pine Script™ for TradingView. It helps identify key liquidity zones, detect potential order blocks, and highlight market structure breaks. The script is designed for traders who use liquidity concepts and order blocks to make informed trading decisions based on price action.
1. Indicator Overview:
The "SMC Liquidity Zones" indicator plots areas of high and low liquidity and detects potential order blocks after price breaks these zones. It also highlights market structure shifts when price moves past the liquidity zones, allowing traders to identify potential areas of price reversal or continuation.
2. Key Features:
Liquidity Zones:
Liquidity zones are regions where price is likely to experience strong reactions due to resting orders (buy or sell).
The script identifies these zones by looking for pivot highs and pivot lows using a customizable lookback period.
High Liquidity Zone: Found at pivot highs, indicating a potential zone of sell-side liquidity (where sellers may overwhelm buyers).
Low Liquidity Zone: Found at pivot lows, indicating a potential buy-side liquidity zone (where buyers may absorb selling pressure).
Order Blocks Detection:
After a liquidity zone is broken, the script marks an order block.
Order Block: An area where institutional traders (smart money) might have placed large orders, and price is expected to return to this area for liquidity.
When the price closes above the high liquidity zone, the previous high is assumed to form the order block high, while the closing price forms the order block low.
Similarly, when price closes below the low liquidity zone, the previous low is assumed to form the order block low, and the closing price forms the order block high.
Market Structure Breaks:
Bullish Market Structure Break: Occurs when price closes above the high liquidity zone, potentially signaling an upward trend.
Bearish Market Structure Break: Occurs when price closes below the low liquidity zone, signaling a potential downward trend.
The script highlights these breaks by changing the chart’s background color to green for bullish structure and red for bearish structure.
Customizable Settings:
Pivot Lookback Period: You can set the lookback period to adjust how the indicator identifies pivot highs and lows.
Visibility of Liquidity Zones and Order Blocks: The script provides options to toggle the display of liquidity zones and order blocks on or off, allowing traders to customize the chart view.
3. Code Structure:
Liquidity Zones Identification:
The script uses the ta.pivothigh() and ta.pivotlow() functions to detect pivot points over a customizable lookback period.
These pivots mark significant areas of price where liquidity might rest, and the zones are displayed using dashed lines—red for high liquidity and green for low liquidity.
Order Block Logic:
When price breaks through a liquidity zone (either above or below), the script marks an order block. This block is a potential area where price could return, creating opportunities for entries or exits.
The order block is visualized as a blue box on the chart, indicating areas where smart money may have positioned their orders.
Market Structure Break Highlights:
The background color changes based on whether the market has broken into a bullish or bearish structure:
Bullish Market Structure: Green background.
Bearish Market Structure: Red background.
This visual cue helps traders quickly assess market sentiment and potential future price direction.
4. Use Case:
This indicator is particularly suited for traders following Smart Money Concepts (SMC), liquidity-based trading, or order block strategies. It helps them:
Identify potential price reaction zones (liquidity zones).
Spot order blocks, which are areas where institutional traders are likely to have placed large orders.
Recognize market structure shifts, signaling potential trend reversals or continuations.
Highlight trading opportunities based on liquidity breaks and market structure changes.
Support and Resistance Zones (MTF)Support and Resistance Zones (MTF) is a multi-timeframe indicator that identifies support and resistance zones and is highly customizable for precise market analysis. Users can adjust various inputs to adapt the zones to price action, highlighting the most significant and probable zones.
█ USAGE & KEY FEAUTURES
1. Look Back Bars: This setting defines the maximum number of bars that can display a zone, removing old ones that are no longer significant. For example, in the 4-hour FX:GBPUSD chart below, only zones from the last 1000 bars are plotted. This helps reduce noise and eliminate unnecessary zones that could lead to incorrect market analysis.
2. Ranging Periods: On lower timeframes, such as a 1-minute chart, overplotting can become more problematic. As shown in the image below, there are many insignificant zones when the market trends upwards. In such cases, retaining zones only where the market is ranging helps identify potential reversal points and entry opportunities.
By focusing on the last 400 bars in a ranging phase, the market structure and key support and resistance areas become clearer, aiding in potential trade setups. Additionally, the " Plot Zone Touches " feature shows where and how many times each zone has been touched, emphasizing zones with multiple price respects.
In fact, users can remove zones of a specific length that have fewer touches than a set amount (" Minimum Zone Touches "). This feature helps eliminate unnecessary zones from the chart.
3. Plotting Zone Breakouts: Zones can be plotted with breakouts labels and even deleted if broken more than a specified number of times enabling the " Cut On Breakouts " feature. For example, zones broken more than two times and by more than two consecutive bars were removed in the image below. The " Breakout Consecutive Bars " setting helps identify fakeouts by allowing the user to set how many consecutive bars must break the zone to define a breakout.
4. Wick Cleaner: This feature deletes zones formed above or below a wick percentage level, depending on whether it is a support or resistance zone. Without this input, charts could have zones formed from long wicks, as shown below.
5. Other User Inputs:
• Delete Overlapped Zones: Removes zones with a specific percentage of their body inside another zone. If this number is negative, zones that are too close to each other will be deleted.
• Change Color On Breakouts: Changes the zone color when the price is above or below it.
• ATR Multiplier: Adjusts the zone width.
█ CONCLUSION
The primary objective of this indicator is to plot key support and resistance zones while minimizing noise from unnecessary zones. As mentioned at the beginning, this indicator is highly customizable, so feel free to experiment with different settings to optimize its performance.
█ IMPORTANT
This indicator is currently not available for multi-timeframe (MTF) market analysis but will be in the near future.
Stay tuned, and I hope you like it. Please share any comments below. Have a great trading experience!
Uptrick: Supply and Demand Zones with RSI, MACD and TP signalsUptrick: Supply and Demand Zones with RSI, MACD Signals and TP Signals
This script is a comprehensive technical analysis indicator for the TradingView platform, combining multiple strategies and indicators to assist traders in making informed decisions. The script incorporates supply and demand zones, Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) signals, and trend and take profit signals. Below is a detailed explanation of each feature, its purpose, how to use it, and how it differs from other indicators.
Key Features
Supply and Demand Zones:
Purpose: Identify key price levels where buying (demand) or selling (supply) pressure has historically been strong.
Inputs:
supplySwingLength (Default: 20): Determines the number of bars to consider for identifying swing highs for supply zones.
demandSwingLength (Default: 20): Determines the number of bars to consider for identifying swing lows for demand zones.
zoneExtensionBars (Default: 50): Specifies how many bars to extend the zones to the right for visibility.
Usage: The indicator highlights these zones on the chart, making it easier for traders to spot potential reversal points.
Relative Strength Index (RSI) and Moving Average of RSI:
Purpose: RSI measures the speed and change of price movements, helping to identify overbought or oversold conditions. The moving average of RSI smoothens the RSI values to reduce noise.
Inputs:
lengthrsi (Default: 14): The period for calculating RSI.
lengthrsima (Default: 8): The period for calculating the moving average of RSI.
Usage: Buy and sell signals are generated when the RSI crosses above or below the 50 level, respectively, indicating potential entry or exit points.
MACD (Moving Average Convergence Divergence):
Purpose: MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.
Inputs:
macdFastLength (Default: 12): The short period for the fast EMA.
macdSlowLength (Default: 26): The long period for the slow EMA.
macdSignalSmoothing (Default: 9): The period for the signal line.
Usage: Buy and sell signals are generated when the MACD line crosses above or below the signal line, respectively. This is an optional feature that can be enabled or disabled.
Signal Type Selection:
Purpose: Allows the trader to choose between RSI signals or supply/demand zone signals.
Inputs:
signalType (Default: "RSI"): Options are "RSI" or "Supply/Demand".
Usage: The chosen signal type determines the logic for plotting buy and sell signals on the chart.
Take Profit Signals:
Purpose: Provide take profit signals based on statistical volatility.
Inputs:
TheLength (Default: 20): The period for calculating the basis SMA and standard deviation.
tpmult (Default: 2.5): The multiplier for the standard deviation to set the take profit levels.
Usage: Generates buy and sell take profit signals when the price crosses over or under the calculated levels.
Detailed Explanation
Supply and Demand Zones Logic:
Swing High and Swing Low:
Functions isSwingHigh and isSwingLow determine whether the current high or low is the highest or lowest within a specified length, indicating potential supply or demand zones.
Zone Visualization:
When a new swing high or low is detected, a box is drawn from the identified bar and extended to the right for visibility. This helps traders visually identify these critical zones.
The boxes are updated dynamically as new swings are detected, ensuring the most relevant zones are always displayed.
RSI and MACD Signals:
RSI Calculation:
The script calculates the RSI using the specified period and then smooths it using an exponential moving average.
Buy and sell signals are generated based on the RSI's crossover with the 50 level.
MACD Calculation:
The MACD line and signal line are calculated using the specified periods.
Buy and sell signals are generated based on crossovers between the MACD line and the signal line.
These signals can be enabled or disabled based on user preference.
Trend Detection and Take Profit Signals:
Trend Detection:
The script calculates the basis (SMA) and upper and lower bands based on the standard deviation.
It determines the trend strength and direction by comparing the current price to these bands.
Take Profit Levels:
Take profit levels are set by multiplying the standard deviation by a user-defined multiplier.
Signals are plotted when the price crosses these take profit levels, indicating potential exit points.
Differences from Other Indicators
Combination of Multiple Indicators:
This script integrates supply and demand zones with RSI and MACD signals, offering a comprehensive tool for technical analysis.
Most other indicators focus on a single strategy, whereas this script provides a holistic view by combining multiple strategies.
Customizable Inputs:
The script offers a high degree of customization, allowing traders to adjust various parameters to suit their trading style and preferences.
Many indicators have fixed settings, limiting their adaptability to different market conditions.
Dynamic Zone Visualization:
The supply and demand zones are dynamically updated, providing real-time insights into key price levels.
This feature is not commonly found in other indicators, which may rely on static levels or less visually intuitive methods.
Usage Guide
Setup:
Add the script to your TradingView chart.
Adjust the input parameters as needed to match your trading strategy.
Interpreting Signals:
Supply and Demand Zones: Look for potential reversal points at these zones.
RSI and MACD Signals: Use these signals to identify potential entry and exit points.
Take Profit Signals: Set take profit levels based on the calculated signals to manage risk and lock in profits.
Combining Signals:
Combine signals from different features to increase the reliability of your trading decisions.
For example, a buy signal from RSI combined with a price approaching a demand zone may indicate a stronger buy opportunity.
Inputs Explained
Supply and Demand Zones:
supplySwingLength: The length of bars to consider for identifying swing highs.
demandSwingLength: The length of bars to consider for identifying swing lows.
zoneExtensionBars: The number of bars to extend the zones to the right.
RSI:
lengthrsi: The period for calculating the RSI.
lengthrsima: The period for calculating the EMA of the RSI.
MACD:
macdFastLength: The short period for the fast EMA.
macdSlowLength: The long period for the slow EMA.
macdSignalSmoothing: The period for the signal line.
Signal Type:
signalType: Choose between "RSI" and "Supply/Demand" signals.
Take Profit:
TheLength: The period for calculating the basis SMA and standard deviation.
tpmult: The multiplier for the standard deviation to set the take profit levels.
Conclusion
The "Uptrick: Supply and Demand Zones with RSI, MACD Signals and TP signals" script is a powerful and versatile indicator that combines multiple strategies to provide traders with a comprehensive analysis tool. Its detailed visualization of supply and demand zones, coupled with RSI and MACD signals, and trend-based take profit signals, makes it an invaluable tool for both novice and experienced traders. By understanding and utilizing its features effectively, traders can make more informed and confident trading decisions.
KryptOkib Supply and Demand with AlertsAs the name suggests, this is a supply and demand indicator script with alerts that i have made based on sole price actions. I have used 3 different methods of identifying supply and demand zones and tested to make sure they work. Nonetheless some zones will fail as no strategy is 100% and some zone will fail due to other reasons.
How this works:
As a basic rule, demand and supply zones can easily be identified from the base of a drop to a rally or vice versa and the base of a rally to a new rally, hence rally base rally, drop base rally for demand zones and rally base drop and drop base drop for supply zones.
While that is true, i basically search for areas where demand/bulls overpower supply/bears and vice versa with a strong move away. So not all the base are a consideration in this script unless we see a clear sign of bulls overpowering bears, or say demand overpowering supply and bears overpowering bulls or say supply overpowering demand. Several rules has been put in place to identify and filter this out so you may have a Rally Base Drop get ignored by this indicator as it do not meet my requirement.
Once this pattern is detected by the script using either of the 3 price action methods, and then a breakout of the basing candles occurs, the indicator paints the candlestick that broke out of the range/base with a different color, which is blue for demand breakout candle, and orange for a supply breakdown candle as circled on the chart.
The algorithm makes sure that this breakout candles follow strict rules set by mean of which 1 is a very bullishly closing breakout candle for demand or a very bearishly closing candle for a supply, with a follow through candle which is the next trading period /candle.
it is strongly recommended that you wait for the close of the next candlestick before attempting to take the demand/supply zone formed as there are further calculations done on the follow through breakout candle to make sure the demand/supply is a good one, the candle might be painted before the close of the next candle but after the close, the paint will be removed due to the fact that the zone no longer meets strict criteria as defined by me.
It is also suggested that you use the alert function that comes with script and wait for the alert to come through before taking the demand if you cannot wait for the second breakout candle to close as the alert will be fired only on close of the second follow through breakout candle.
One of the strict rules is wanting to see strong bullish/bearish presence apart from the way the breakout candle closes, there are many rules to filter out ugly zones, even though some good zones get caught up in this as well.
Identification of Zones:
Demand Zone: the previous candle open or high(based on personal preference) will be the proximal, where you start to draw your demand zone and the low of the basing/ranging candles or swing low will be the distal, where you end your demand zone as seen on the chart. Stop loss goes under this.
Supply Zone: The previous candle open or low will be the proximal, where the supply zone starts and the high of the range/basing candles or swing will be the distal where the supply zone ends as seen on the chart. Stop loss goes above this
Note that some zones with a-lot of basing candles tend to fail, while some tend to work, i have not algorithmically filtered this as i prefer to examine with eyes the zones alerted to me and take the ones with lesser basing candles.
Generally, Rally Base Rally and Drop Base Drop zones are mostly weaker than the other type of zones but sometimes works perfectly.
How to use Alert Function:
- Go on the ticker you will like to set alert for
- Go on the timeframe you wish to be alerted for
- Right Click on the chart and select Add Alert or Alt + A (keyboard combination)
- Under Condition, click the arrow down and select "KryptOkib SAND"
- Under Options, select "Once Per Bar Close"
- Set Expiration and Alert Actions as you prefer.
- Click on "Create" Button
That is it.
You can repeat this process for all other tickers you wish to have alerts for and you will be notified once price movement has met the conditions outlined in the script.
This is an invite only indicator, to request access to it, kindly do the following:
- Add indicator to favorite
- Make Sure you follow me
- Send me a PM requesting access.
Once this is done and PM received, access will be granted.
Further updates will come along once there are changes to be made or new calculations to add.
Works on any market of choice.
EMA/SMA Cross +Introducing the EMA/SMA Cross + , a powerful and customizable indicator designed specifically for TradingView. This indicator is unlike any other, as it combines the strengths of both Exponential Moving Average (EMA) and Simple Moving Average (SMA) in conjunction with supply and demand zones to provide you with a comprehensive understanding of price action. The EMA/SMA Cross + is perfect for traders looking for an edge in the market.
How it works:
The EMA/SMA Cross + indicator utilizes two moving averages: a short-term EMA and a long-term SMA. The short-term EMA is calculated using a user-defined length (default: 120) and the closing prices of the selected timeframe. Similarly, the long-term SMA is calculated using a user-defined length (default: 200) and the closing prices of the selected timeframe. These moving averages are then plotted on the chart along with their respective crosses.
When the short-term EMA crosses above the long-term SMA, it signals a bullish trend, and a green circle appears on the chart. Conversely, when the short-term EMA crosses below the long-term SMA, it signals a bearish trend, and a red circle appears on the chart.
Supply and Demand Zones:
In addition to the moving average crosses, the EMA/SMA Cross + indicator also displays supply and demand zones. These zones are created whenever a cross occurs, representing areas where the price is likely to reverse or consolidate. The supply zones (bullish) are displayed as green dashed boxes, while the demand zones (bearish) are displayed as red dashed boxes.
To use these zones in conjunction with price action, traders can look for potential entry points when the price approaches a zone. For example, if the price is approaching a bullish supply zone, traders may consider entering a long position, anticipating a potential upward price movement. On the other hand, if the price is approaching a bearish demand zone, traders may consider entering a short position, anticipating a potential downward price movement.
The EMA/SMA Cross + indicator sets itself apart from other TradingView indicators with its distinctive blend of features and customization options. Users can effortlessly modify the following:
TimeFrame: Adjust the higher time frame used for the calculations.
Length: Customize the length of the EMA and SMA.
Display last X zones: Limit the number of displayed zones to the most recent ones.
Colors: Personalize the colors of bullish circles, bearish circles, supply boxes, and demand boxes.
Uniqueness and Code Protection
The EMA/SMA Cross + indicator stands out from other TradingView indicators due to its unique combination of EMA and SMA, along with the integration of supply and demand zones. This innovative approach provides a comprehensive view of the market, allowing traders to make more informed decisions.
Please note that the code for this script is protected to maintain its uniqueness and ensure that it remains exclusive to our users.
Thrax - Intraday Market Pressure ZonesTHRAX - INTRADAY MARKET PRESSURE ZONES
This indicator identifies potential support and resistance zones based on areas of significant market pressure. It dynamically plots these zones and adjusts their visibility based on real-time price action and user-defined thresholds. The indicator is useful for traders seeking to understand intraday market pressure, visualize zones of potential price reversals, and analyze volume imbalances at critical levels.
1. Support/Resistance Zones: Wherever the price retraces significantly from its high a support zone is drawn and when it retraces significantly from it low a resistance zone is drawn. The significant retracing is measured by the wick threshold percentage. For instance, if set to 75%, it implies price retracement of 75% either from high or from low for a particular candel
Volume delat: Displays volume delta information where the zones are formed. This can be used by trader to consider only those zones where delta is significant.
2. Breakout Detection: Monitors for price breakouts beyond established zones, deleting zones that are invalidated by price movement. when the price breaks a given zone with the threshold, it is considered to be mitigated and chances of trend continuation is decent.
Candle Coloring: Uses color codes (green, red, and yellow) to represent bullish, bearish, and indecisive (doji) candles, aiding quick visual assessment.
INPUTS
1. Wick Threshold (%) : Sets the minimum wick percentage required for a candle to be considered a support or resistance candidate.
2. Breakout Threshold (%) : Determines the percentage above or below a support or resistance zone that defines a breakout condition. if breaks a zone with the set threshold then the zone will be considered mititgated.
3. Max Number of Support/Resistance Zones : Limits the maximum number of support/resistance zones displayed on the chart, ranging from 1 to 5.
4. Show Wick Percentage Labels : Toggles the display of percentage values for upper and lower wicks on each candle.
TRADE SETUP
Identifying Entry Points: Look for the formation of support or resistance zones. Wait for price to retrace to these zones. if you are willing to take risk, you can consider even zones with low delta. If you want to be more cautious you should consider zones with high delta.
Volume Confirmation: Use the volume information to confirm the strength of the zone. Strong volume differences (displayed as labels) can indicate significant market pressure at these levels.
Breakout Trades: If price breaks through a support/resistance zone by more than the breakout threshold, consider this a signal for a potential trend continuation in the breakout direction.
Risk Management: Set stop-loss levels slightly outside of the identified zones to minimize risk in case of false breakouts. This can be set in input setting for breakout threshold.
Bonus Tip : Mark your significant highs and lows from where prices have retraced multiple times in the near past and if the zone is near these levels it can serve s a strong candidate of support or resistance
Therefore, in conclusion monitor the zones, based on delta and volume presence filter out the zone, wait for price retracement to the zone, intiate the trade with stop loss below zone with a set percentage.
Liquidity Zones [BigBeluga]This indicator is designed to detect liquidity zones on the chart by identifying significant pivot highs and lows filtered by volume strength. It plots these zones as boxes, highlighting areas where liquidity is likely to accumulate. The indicator also draws lines extending from these boxes, marking the levels where price may "grab" this liquidity. The size of these boxes can be dynamic, adjusting based on the volume size, offering a visual representation of market areas where traders might expect significant price reactions.
🔵 IDEA
The idea behind the Liquidity Zones indicator is to help traders identify key market levels where liquidity accumulates. Liquidity zones are areas where there are enough buy or sell orders that can potentially lead to significant price movements. By focusing on pivot points filtered by volume strength, the indicator aims to provide a clearer picture of where large players may have positioned their orders. This insight allows traders to anticipate potential market reactions, such as reversals or breakouts, when the price reaches these zones. The option for dynamic box height further refines the visualization, showing the extent of liquidity based on the volume's intensity.
🔵 KEY FEATURES & USAGE
◉ Volume-Filtered Pivot Highs and Lows:
The indicator scans for pivot highs and lows on the chart, filtering these points based on the volume strength setting (Low, Mid, High). This ensures that only the most significant liquidity zones, backed by notable trading volume, are highlighted. Traders can adjust the filter to focus on different levels of market activity, from small fluctuations to major volume spikes.
Low:
Mid:
High:
◉ Dynamic and Static Liquidity Zones:
Liquidity zones are plotted as boxes around pivot points, with an optional dynamic mode that adjusts the box height based on the normalized volume. This dynamic adjustment reflects the liquidity carried by the volume, making it easier to gauge the significance of each zone. In static mode, the boxes have a fixed height, providing a consistent visual reference for the zones.
◉ Color Intensity Based on Volume:
The indicator adjusts the color intensity of the liquidity zones based on the volume strength. Higher volume zones will be displayed with more intense colors, giving a visual cue to the strength of the liquidity present in that area. This makes it easier to differentiate between zones of varying importance at a glance, allowing traders to quickly identify where the market has the highest concentration of liquidity.
◉ Liquidity Grab Detection and Red Circles:
When the price interacts with a liquidity zone, the indicator detects whether liquidity has been "grabbed" at these levels. If the price moves into a zone and crosses a level, the box label changes to "Liquidity Grabbed," and the line marking the level becomes dashed.
Reversal Points:
The beginning of a trend:
Additionally marks these "liquidity grabs" with red circles, indicating both recent and past liquidity grabs. This feature helps traders identify areas where liquidity has been absorbed by the market, which may signal potential reversals or shifts in market direction.
◉ Dashboard Display:
A dashboard in the upper right corner of the chart provides an overview of the indicator's settings and status. It shows the number of plotted zones, as set in the input settings, and whether the dynamic mode is active. This quick reference helps traders stay informed about the indicator's configuration without needing to open the settings panel.
🔵 CUSTOMIZATION
Length & Zones Amount: Set the length for pivot detection and the maximum number of zones to be displayed on the chart. This allows you to control how many liquidity zones you want to monitor at any given time.
Volume Strength Filter: Adjust the filter to Low, Mid, or High to control the strength of volume required for a pivot to be considered a significant liquidity zone. Higher settings focus on zones with greater volume, indicating stronger liquidity.
Dynamic Distance Mode: Enable or disable the dynamic mode, which adjusts the box height based on the volume size. When dynamic mode is off, the boxes have a fixed height based on the ATR, offering a consistent visualization regardless of the volume size.
The Liquidity Zones indicator is a versatile tool for identifying areas of significant market activity, offering a clear view of where liquidity is likely to reside. By filtering these zones through volume strength and providing dynamic or static visualization options, it equips traders with insights into potential market reaction points, enhancing their ability to anticipate and respond to market movements. The varying color intensity based on volume further aids in quickly recognizing the most critical liquidity zones on the chart.
Breaker Blocks + Order Blocks confirm [TradingFinder] BBOB Alert🔵 Introduction
In the realm of technical analysis, various tools and concepts are employed to identify key levels on price charts. These tools assist traders in analyzing market trends with greater precision, enabling them to optimize their trading decisions. Among these tools, the Order Block and Breaker Block hold a significant place, serving as effective instruments for analyzing market structure.
🟣 Order Block
An Order Block refers to zones on a chart where large financial institutions and high-volume traders place their orders. Due to the substantial volume of buy or sell orders in these areas, they are often regarded as pivotal points for potential price reversals or temporary pauses in a trend. Order Blocks are particularly crucial when prices react to these zones after a strong market move, acting as strong support or resistance levels.
🟣 Breaker Block
On the other hand, a Breaker Block refers to areas on a chart that previously functioned as Order Blocks but where the price has managed to break through and continue in the opposite direction. These zones are typically recognized as key points where market trends might shift, helping traders identify potential reversal points in the market.
🟣 Overlapping Block (BBOB)
Now, imagine a scenario where these two essential concepts in technical analysis—Order Blocks and Breaker Blocks—overlap on a chart. Although this overlap is not specifically discussed within the ICT (Inner Circle Trader) trading framework, exploring and utilizing this overlap can provide traders with powerful insights into strong support and resistance zones. The combination of these two robust concepts can highlight critical areas in trading, potentially offering significant advantages in making informed trading decisions.
In this article, we will delve into the concept of this overlap, explaining how to utilize it in trading strategies. Additionally, we will analyze the potential outcomes and benefits of incorporating this concept into your trading decisions.
Bullish Overlapping Block (BBOB) :
Bearish Overlapping Block (BBOB) :
🔵 How to Use
The overlap between Order Blocks and Breaker Blocks is a compelling and powerful concept that can help traders identify key levels on the chart with a high probability of success. This overlap is particularly valuable because it combines two well-regarded concepts in technical analysis—zones of high order volume and critical market shifts.
🟣 Here’s how to effectively use this overlap in your trading
1. Dentifying the Overlapping Block : To make the most of the overlap between Order Blocks and Breaker Blocks, begin by identifying these zones separately. Order Blocks are areas where price typically reacts and reverses after a strong market move.
Breaker Blocks are areas where a previous Order Block has been breached, and the price continues in the opposite direction. When these two zones overlap on a chart, it’s crucial to pay close attention to this area, as it represents a high-probability reaction zone.
2. Analyzing the Overlapping Block : After identifying the overlap zone, carefully analyze price action within this region. Candlestick patterns and price behavior can provide essential clues.
If the price reaches this overlap zone and strong reversal patterns such as Pin Bars or Engulfing patterns are observed, it’s likely that this zone will act as a pivotal reversal point. In such cases, entering a trade with confidence becomes more feasible.
3. Entering the Trade : When sufficient signs of price reaction are present in the overlap zone, you can proceed to enter the trade. If the overlap zone is within an uptrend and bullish reversal signals are evident, a long position might be appropriate.
Conversely, if the overlap zone is in a downtrend and bearish reversal signals are observed, a short position would be more suitable.
4. Risk Management : One of the most critical aspects of trading in overlap zones is managing risk. To protect your capital, place your stop loss near the lowest point of the Order Block (for buy trades) or the highest point (for sell trades). This approach minimizes potential losses if the overlap zone fails to hold.
5. Price Targets : After entering the trade, set your price targets based on other key levels on the chart. These targets could include other support and resistance zones, Fibonacci levels, or pivot points.
Bullish Overlapping Block :
Bearish Overlapping Block :
🟣 Benefits of the Overlapping Block Between Order Block and Breaker Block
1. Enhanced Precision in Identifying Key Levels : The overlap between these two zones usually acts as a highly reliable area for price reactions, increasing the accuracy of identifying entry and exit points.
2. Reduced Trading Risk : Given the high importance of the overlap zone, the likelihood of making incorrect decisions is reduced, contributing to overall lower trading risk.
3. Increased Probability of Success : The overlap between Order Blocks and Breaker Blocks combines two powerful concepts, enhancing the likelihood of success in trades, as multiple indicators confirm the importance of the area.
4. Creation of Better Trading Opportunities : Overlap zones often provide traders with more robust trading opportunities, as these areas typically represent strong reversal points in the market.
5. Compatibility with Other Technical Tools : This concept seamlessly integrates with other technical analysis tools such as Fibonacci retracements, trend lines, and chart patterns, offering a more comprehensive market analysis.
🔵 Setting
🟣 Global Setting
Pivot Period of Order Blocks Detector : Enter the desired pivot period to identify the Order Block.
Order Block Validity Period (Bar) : You can specify the maximum time the Order Block remains valid based on the number of candles from the origin.
Mitigation Level Order Block : Determining the basic level of a Order Block. When the price hits the basic level, the Order Block due to mitigation.
Mitigation Level Breaker Block : Determining the basic level of a Breaker Block. When the price hits the basic level, the Breaker Block due to mitigation.
Mitigation Level Overlapping Block : Determining the basic level of a Overlapping Block. When the price hits the basic level, the Overlapping Block due to mitigation.
🟣 Overlapping Block Display
Show All Overlapping Block : If it is turned off, only the last Order Block will be displayed.
Demand Overlapping Block : Show or not show and specify color.
Supply Overlapping Block : Show or not show and specify color.
🟣 Order Block Display
Show All Order Block : If it is turned off, only the last Order Block will be displayed.
Demand Main Order Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
Supply Main Order Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
🟣 Breaker Block Display
Show All Breaker Block : If it is turned off, only the last Breaker Block will be displayed.
Demand Main Breaker Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
Supply Main Breaker Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
🟣 Order Block Refinement
Refine Order Blocks : Enable or disable the refinement feature. Mode selection.
🟣 Alert
Alert Name : The name of the alert you receive.
Alert Overlapping Block Mitigation :
On / Off
Message Frequency :
This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone :
The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The overlap between Order Blocks and Breaker Blocks represents a critical and powerful area in technical analysis that can serve as an effective tool for determining entry and exit points in trading.
These zones, due to the combination of two key concepts in technical analysis, hold significant importance and can help traders make more confident trading decisions.
Although this concept is not specifically discussed in the ICT framework and is introduced as a new idea, traders can achieve better results in their trades through practice and testing.
Utilizing the overlap between Order Blocks and Breaker Blocks, in conjunction with other technical analysis tools, can significantly improve the chances of success in trading.
