All-Time High with Percentage Drops for ETF's and Large CapsPlots the percentage drop levels from the All-Time High of any ticker. You can use this within a pullback trading system. For example, if you historically look at the average pullback of large cap stocks and ETF's, you can use this indicator to plot the levels it could pullback to for an entry to go long. It can be used as potential targets when trading a ticker short. Another use for this is to backtest the set percentage targets using TradingView's bar replay feature to see how ETF's and large cap stocks have reacted at these levels.
Currently percentage levels are statically set to 1, 2, 3, 5, 7, 10, & 20% levels below the All-Time High.
*Not financial advice but in my opinion the current percentage levels set (see above) are best used for ETF's and Large Cap Stocks.
Supporto e resistenza
Auto S/R v2This script allows users to plot automatic support and resistance lines on their chart from any timeframe. This allows them to automatically overlay daily support and resistance lines on an intraday chart.
1. First we get a value from a 5 bar pivot.
2. From that pivot we calculate the ATR.
3. We draw lines above and below by either adding or subtracting from our value in step 1.
The user has the option to turn off the price labels, set the number of lines they want displayed, and adjusting the closeness of each line by using the adjuster.
Support/Resistance LinesThis script displays support and resistance lines at the levels you enter in the Input Settings. It does not perform the S/R calculations.
It allows you to:
Enter up to 6 support and 6 resistance lines each; any with value of 0 will be hidden
Specify one ticker that it applies to, so the lines will be hidden if you switch charts
Set the text size, color, horizontal offset, and whether to display the price values for each line
Set the color, transparency and line type for the S/R lines
High Volume Price Levels x3This script detects recent huge volume areas to help you finding out good support and resistance levels.
For each of the 3 periods (defaults : 100, 200, 500) a new line will be drawn from the last time the volume amount exceeded n% (default 99%) of the highest volume on the same period, to the next occurence.
Most of time, these lines represent strong support and resistance levels which can be helpful in your technical analysis.
Options:
Volume trigger level: represents the minimum % of the highest volume within the given period on which you want to draw a new price level. (But higher this % is, stronger the levels will be)
Periods: The reference periods for high volume detection.
Show period: Enable/Disable the use of any period.
Period Color: Select a color correspondig to each period.
Show current levels only: Disable drawing of previous levels, to display current levels only.
Extend last level: Extend current lines to right/left/both or none sides of your chart.
Notes:
Sometimes, the last detected level from every periods can be the same at the same moment. In this situation, you'll only see one or two of the lines instead of three.
I'd like to figure out how to continuously draw every interesting levels without making the chart unreadable. Of course this script will be updated if I find a good way to do it.
Feel free to suggest any improvements/modifications.
Example:
No Duplicates Interval Range & EQGenerates Range & EQ levels and removes duplicates. Prioritizes by higher timeframe for duplicates. For example, on Monday's open, weekly open is displayed while daily open is hidden automatically.
Auto TrendLines [HeWhoMustNotBeNamed]I started off with the intention of creating script to identify Wolfe wave projection. But, soon ran into problem with loops. Realized drawing wedge is more difficult than drawing converging triangle. Hence, took a step back and started working on wedges and triangle identification. Ended up with a messy output which looked like this.
Had to take another step back and hence decided to make Trendlines detection script and here we are :)
⬜ Process
▶ Scan pivots which are in trend. This means, series of pivot Highs or pivot lows either in ascending order or descending order.
▶ Draw trend line between each of the pivots in the trend series. For example, if there are 5 pivot high uptrend pivots, draw mXn lines between each of these points.
▶ Select the trend line which is more accurate or stronger. Accuracy is measured by number of candles/wicks touching the line and number of candles which fall outside the line. Stronger trendlines will touch more candles and pivots with less overflow.
▶ Remove all lines except the most accurate one for each direction.
At any point of time, you will see upto 4 trend lines in this script.
▶ Trendline joining pivot highs in uptrending condition
▶ Trendline joining pivot lows in uptrending condition
▶ Trendline joining pivot highs in downtrending condition
▶ Trendline joining pivot lows in downtrending conditions
The older line will remain until the new one comes through of same type. Hence, you will still be able to see uptrending high and low trend lines for downtrending instruments which are created way back!! Also, new trendlines replace old ones only if they are more stronger (connect to more pivots with less overflow)
⬜ Settings
Settings are simple.
User can select preferred Zigzag Length and Search Depth. Higher numbers for these two parameters will present longer term trends whereas lower numbers will display shorter ones.
Trend Lines controlls will allow users to enable/disable specific type of trend line, set color and line style to it.
⬜ Few Examples
▶ Uptrending Market : NASDAQ:NDX
▶ Downtrending Market : NYSE:BABA
▶ Ranging Market : NYSE:PLTR
weekly MapThis indicator shows the highest and lowest level of the previous week in the current week. This area is also divided into 4 sections that can be controlled from the settings section.
[MF] Auto Fibonacci LevelsDescription:
Automatically draw Fibonacci Pivot levels based on the previous (day's, week's or month's)
Range ( High-Low ). The HLC3 is used as the default Pivot level.
Unlike the "Auto Fibonacci Levels", this variation does not update
Levels on current day even if the price goes past the R3/S3 levels.
Timeframes: 1D, 1W, 1M
Range = (High - Low) - From previous Day, Week or month.
FIB LEVELS:
- Yellow = Pivot and Pivot Zone (HLC3 by default)
- red = R1,S1 Levels 0.236 * Range
- Green = R2,S2 Levels 0.368 * Range
- Lime = R3,S3 Levels 0.618 * Range
- Blue = R4,S4 Levels 0.786 * Range
- Gray = R5,S5 Levels 1.000 * Range
- Lime = R6,S6 Levels 1.236 * Range
- Red = R7,S7 Levels 1.382 * Range
- Blue = R8,S8 Levels 1.618 * Range
- Green = R9,S9 Levels 2.000 * Range
CLASSIC LEVELS:
- Yellow = Pivot and Pivot Zone (HLC3)
- Green = R1,S1 Levels (Pivot*2 - Low), (Pivot*2 - High)
- Lime = R2,S2 Levels ( Pivot + Range), ( Pivot - Range)
- Lime = R3,S3 Levels (High + 2*( Pivot - Low)), (Low - 2*(High - Pivot ))
- Blue = R4,S4 Levels (High + 3*( Pivot - Low)), (Low - 3*(High - Pivot ))
Refrences:
- Auto Daily Fib Levels R3.0 by JustUncleL
- Auto Fib by TheYangGuizi
- Monthly Dynamic Range Levels (Fibonaci) V0 by RicardoSantos
Modifications:
- Added next FIB Levels. (changes during the current cycle)
- Added FIB 0.236 Levels
- Added Option to change the colors of the Fib Levels
- Changed Default colors to the colors of Tradingview
- Upgraded to Version4 Pinescript
[CP]Pivot Boss Floor Pivots with ATR Dilation and Dynamic LevelsINTRODUCTION:
Compared to all the Pivot Indicators available on Trading View Public Library, this Floor Pivots Indicator differentiates itself in two major original ways:
Dilates the Pivot Support/Resistance Levels into Support/Resistance Bands based on volatility
Displays the S/R Levels Dynamically , that is, only those levels will be shown that are close enough to the price resulting in much cleaner looking charts.
There were a few features whose logic I had figured out, but I could not implement them due Pine Script’s Limitation (they should really work on increasing Pine Script’s capacity instead of adding more and more features to the language in order to make it look ‘better’):
Showing multiple timeframe pivots at the same time (not possible due to Pine Script’s limitation on the ‘Max Number of Outputs’ )
Automatic Detection of highly profitable Double Hot Pivot Zones (DPZ), also due to the ‘Max Number of Outputs’ limit
GENERAL USER INPUTS:
Most of the settings are self-explanatory, however, a few of them need some explanation:
Show Floor Pivots Dynamically – This will turn ON the dynamic pivot levels, please note that this function will work ONLY IN INTRADAY timeframes.
Dynamic Pivot ATR Period – Period over which the ATR value is calculated to show the pivots dynamically.
ATR Threshold for Dynamic Floor Pivots – Simply put, the indicator will start displaying Pivot Levels if they fall within the 2*ATR distance (default value) of the price. You can increase this number if the volatility increases and vice-versa.
Use ATR to Dilate Intraday Pivot Levels – This will turn ON Floor Pivot Dilation, turning pivot ‘lines’ into ‘bands’ .
ATR Dilation Factor – This number decides the width of the Pivot bands. Larger this number, thicker the bands. Typically, high volatility stocks will require a higher number.
ATR Period – Same as Dynamic Pivot ATR Period, but for Pivot Level Dilation.
INDICATOR USAGE EXAMPLES:
This indicator works great in conjunction with my Pivot Boss Candlestick Scanner indicator.
There are a lot of optimizations I have done in the code, although it looks trivial at first glance, but it's fairly complex.
Feel free to use it and modify it as you wish.
Here are a few examples where the indicator has shown great entries and exits, with the default settings:
NIFTY 5m Chart
Reliance 5m Chart
Tesla 5m Chart
Bitcoin-USDT 15m Chart
FINAL WORDS:
Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage.
DO NOT conflate the accuracy of examples with the accuracy of this indicator.
Once you start using floor pivots, you will realize that a lot of days simply don’t give any high probability setups and you will simply sit out of the market and do nothing (which is a good thing).
If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
Linear Regression Histogram [LuxAlgo]This indicator is inspired by traditional statistical histograms. It will return the number of occurrences of price falling within each interval (bins) of the linear regression channel. This can be useful to highlight zones of interest within a trend.
Settings
Length: Number of recent closing prices used for the computation of the linear regression.
Bins Number: Number of intervals constructed from the linear regression channel.
Mult: Multiplicative factor for the RMSE. Controls the width of the linear regression channel.
Src: Input source of the indicator.
Usage
The indicator is constructed by dividing the linear regression channel range into a series of intervals (bins) of equal width. We then count the number of price values falling within each interval.
If a significant number of price values fall within a specific interval then that interval can highlight a potential zone of interest within a trend.
The zone of interest is highlighted in blue.
Compression support&resistance [LM]Hello traders,
I would like to present you Compression support&resistance script. The idea behind is to look for areas of price compression(inside bar candles). Basically the S/R lines are created after three candles that are formed in certain pattern and volume conditions. First candle of pattern is usually the most volatile and fist inside bar after volatile candle high and low creates S/R lines in order to look for breakouts or for future bounces of the S/R line. Also by default volume has to be decreasing from candle to candle, although this condition can be controlled by setting.
It has various settings as my other S/R scripts for multi timeframe analysis. The current timeframe uses line API but for multi timeframe I use plot lines. There are two filters. Volume filter for declining volume of the pattern candles and volatility filter which renders line only in case that pattern occurs after some % change has happened within some lookback period.
Credit also for this indicator goes to @berkek as he took time to explain it to me.
Hope you will enjoy it,
Lukas
Auto Fib Golden Pocket Band - Strategy with Buy Signalsthis strategy is based on the Indicator "Auto Fib Golden Pocket Band - "Autofib Moving Average"
it's the same as the indicator but with:
- the strategy tester included
- several entry Signal filter
- Dynamic SL
Opening Range FibonaccisThis indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST)
The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of further movement.
The Fibonacci levels are set such that the opening range high/low fall on the +/-0.5 fib. This creates an "extended range" outside of the opening range that may be useful during breakouts.
Auto Support ResistanceAn indicator that draws support, resistance and trend lines automatically based on the high/low and current direction of the asset.
Market Sessions Open/Close LevelsThis indicator displays the market open and close price levels for the main trading sessions (Sydney, Tokyo, Frankfurt, London and New York). The Daily Line changes color depending on if price is trading above or below the level. Feel free to add or replace levels depending on your trading style and trading times.
QFL base scannerThis script is a simple implementation of a QFL (Quickfingers Luc) base scanner.
This QFL base scanner uses a different approach to some other QFL base scanners that are on TradingView. Other TradingView scripts look for a candlestick pattern of two lower lows followed by two higher lows combined with an increase in volume. This can generate some unexpected results where some minor dips can meet the pattern and are marked as a base, but some major dips do not and are ignored.
This QFL base scanner instead looks for the lowest low in a given period and marks it as a base. The longer the period of the lowest low, the more significant the bases will be. Buys are marked when the price has bounced x% above the base and then fallen y% below the base. This approach seems to give more predictable (and tradable) results.
If looking at the past script results, you may think that the script is perfectly timing entry points at the bottom of market dips. This is NOT the case. The script is actually showing buy signals when the price falls y% below the PREVIOUS base. The current base is only retrospectively marked some periods later once the reversal is confirmed. New bases are not tradeable using this script, but a percentage fall from the previous base is.
Enjoy.
