SUP & RECIdentifying Support and Resistance: An indicator (likely visual) highlights areas on a price chart where the asset's price has historically struggled to break through. These are crucial levels to watch for potential price reversals.
Analisi trend
Smart Market Bias [PhenLabs]📊 Smart Market Bias Indicator (SMBI)
Version: PineScript™ v6
Description
The Smart Market Bias Indicator (SMBI) is an advanced technical analysis tool that combines multiple statistical approaches to determine market direction and strength. It utilizes complexity analysis, information theory (Kullback Leibler divergence), and traditional technical indicators to provide a comprehensive market bias assessment. The indicator features adaptive parameters based on timeframe and trading style, with real-time visualization through a sophisticated dashboard.
🔧 Components
Complexity Analysis: Measures price movement patterns and trend strength
KL Divergence: Statistical comparison of price distributions
Technical Overlays: RSI and Bollinger Bands integration
Filter System: Volume and trend validation
Visual Dashboard: Dynamic color-coded display of all components
Simultaneous current timeframe + higher time frame analysis
🚨Important Explanation Feature🚨
By hovering over each individual cell in this comprehensive dashboard, you will get a thorough and in depth explanation of what each cells is showing you
Visualization
HTF Visualization
📌 Usage Guidelines
Based on your own trading style you should alter the timeframe length that you would like to be analyzing with your dashboard
The longer the term of the position you are planning on entering the higher timeframe you should have your dashboard set to
Bias Interpretation:
Values > 50% indicate bullish bias
Values < 50% indicate bearish bias
Neutral zone: 45-55% suggests consolidation
✅ Best Practices:
Use appropriate timeframe preset for your trading style
Monitor all components for convergence/divergence
Consider filter strength for signal validation
Use color intensity as confidence indicator
⚠️ Limitations
Requires sufficient historical data for accurate calculations
Higher computational complexity on lower timeframes
May lag during extremely volatile conditions
Best performance during regular market hours
What Makes This Unique
Multi-Component Analysis: Combines complexity theory, statistical analysis, and traditional technical indicators
Adaptive Parameters: Automatically optimizes settings based on timeframe
Triple-Layer Filtering: Uses trend, volume, and minimum strength thresholds
Visual Confidence System: Color intensity indicates signal strength
Multi-Timeframe Capabilities: Allowing the trader to analyze not only their current time frame but also the higher timeframe bias
🔧 How It Works
The indicator processes market data through four main components:
Complexity Score (40% weight): Analyzes price returns and pattern complexity
Kullback Leibler Divergence (30% weight): Compares current and historical price distributions
RSI Analysis (20% weight): Momentum and oversold/overbought conditions
Bollinger Band Position (10% weight): Price position relative to volatility
Underlying Method
Maintains rolling windows of price data for multiple calculations
Applies custom normalization using hyperbolic tangent function
Weights component scores based on reliability and importance
Generates final bias percentage with confidence visualization
💡 Note: For optimal results, use in conjunction with price action analysis and consider multiple timeframe confirmation. The indicator performs best when all components show alignment.
TrendMasterPro_FekonomiTrend Change and Start Signals with Weighted Conditions
The Trend Change and Start Signals with Weighted Conditions indicator leverages various technical analysis tools to generate reliable buy and sell signals. This indicator helps investors more accurately identify trend changes and start signals in the market.
Features:
Utilizes popular technical analysis tools such as MACD, RSI, EMA, and Ichimoku Cloud.
Enhances signal accuracy with additional indicators like ADX and Volume Increase.
Allows users to adjust the weights of each condition to set their importance.
The Confidence Level parameter lets you adjust the accuracy rate of the signals.
Visual Signals make it easy to track buy and sell points directly on the chart.
How It Works:
Condition Weights: Users assign weights to indicators like MACD, RSI, EMA, and Ichimoku Cloud. If you have no idea, use default settings.
Condition Fulfillment: Checks if the conditions for each indicator are met.
Confidence Level: The total weight of the fulfilled conditions must exceed the user-defined confidence level.
Signal Generation: When these conditions are met, a buy or sell signal is generated and visually displayed on the chart.
Customization:
Personalize Signals: By adjusting the weights of the indicators used, you can personalize the signals to match your trading strategy and preferences.
Use Cases:
Short-Term Investments: Identify quick trend changes for short-term trading decisions.
Long-Term Investments: Detect long-term trend starts and changes for strategic investment decisions.
Technical Analysis: Combine different technical analysis tools for more comprehensive and reliable analyses.
With this indicator, you can better understand market movements and make more informed investment decisions. Try it now and enhance your trading strategy!
by Fekonomi
Price in BTC (x1000)I'm not a coder. I just knocked this together with AI
Shows how the current asset performed relative to BTC (COINBASE:BTCUSD) on the current timeframe
Works with assets priced in USD, USDT and USDC but you can easily add more
Had to multiply the price by 1000 to mitigate leading zeros and improve compatibility with low-denomination assets (e.g. PEPE)
MAs and crossovers included
Feel free to use it however you want
EMA Crossover with 50 EMA Filter50-period EMA: We added the 50-period EMA as the filterEMA variable.
Buy and Sell Conditions: The buy signal is generated only if the 8-period and 16-period EMAs both cross above each other and are above the 50-period EMA. Similarly, the sell signal is generated when the 8-period and 16-period EMAs cross below each other and are below the 50-period EMA.
Plotting: The 50-period EMA is also plotted on the chart (in orange).
This strategy will ensure that the buy signals are only triggered when the trend is considered "bullish" (both EMAs above the 50 EMA) and sell signals when the trend is "bearish" (both EMAs below the 50 EMA).
You can set up alerts for both buy and sell conditions using the alertcondition() function.
Let me know if you need further adjustments!
NOTE :- Applicable only for banknifty
Volume Weighted Average Price - CoinruleVWAP with additional Anchor Periods as supported on Coinrule.
Market Pressure Index [AlgoAlpha]The Market Pressure Index is a cutting-edge trading tool designed to measure and visualize bullish and bearish momentum through a unique blend of volatility analysis and dynamic smoothing techniques. This indicator provides traders with an intuitive understanding of market pressure, making it easier to identify trend shifts, breakout opportunities, and key moments to take profit. Perfect for scalpers and swing traders looking for a strategic edge in volatile markets.
Key Features:
🔎 Bullish and Bearish Volatility Separation : Dynamically calculates and displays bullish and bearish momentum separately, helping traders assess market direction with precision.
🎨 Customizable Appearance: Set your preferred colors for bullish and bearish signals to match your chart's theme.
📊 Deviation-Based Upper Band : Tracks extreme volatility levels using a configurable deviation multiplier, highlighting potential breakout points.
📈 Real-Time Signal Alerts : Provides alerts for bullish and bearish crossovers, as well as take-profit signals, ensuring you never miss key market movements.
⚡ Gradient-Based Visualization : Uses color gradients to depict the intensity of market pressure, making it easy to spot changes in momentum at a glance.
How to Use:
Add the Indicator : Add the Market Pressure Index to your TradingView chart by clicking the star icon. Customize inputs like the pressure lookback period, deviation settings, and colors to fit your trading style.
Interpret the Signals : Monitor the bullish and bearish momentum columns to gauge market direction. Look for crossovers to signal potential trend changes.
Take Action : Use alerts for breakouts above the upper band or for take-profit levels to enhance your trade execution.
How It Works:
The Market Pressure Index separates bullish and bearish momentum by analyzing price movement (close vs. open) and volatility. These values are smoothed using Hull Moving Averages (HMA) to highlight trends while minimizing noise. A deviation-based upper band dynamically tracks market extremes, signaling breakout zones. Color gradients depict the intensity of momentum, offering a clear, visually intuitive representation of market pressure. Alerts are triggered when significant crossovers or take-profit conditions occur, giving traders actionable insights without constant chart monitoring.
Candle Emotion Index (CEI) StrategyThe Candle Emotion Index (CEI) Strategy is an innovative sentiment-based trading approach designed to help traders identify and capitalize on market psychology. By analyzing candlestick patterns and combining them into a unified metric, the CEI Strategy provides clear entry and exit signals while dynamically managing risk. This strategy is ideal for traders looking to leverage market sentiment to identify high-probability trading opportunities.
How It Works
The CEI Strategy is built around three core oscillators that reflect key emotional states in the market:
Indecision Oscillator . Measures market uncertainty using patterns like Doji and Spinning Tops. High values indicate hesitation, signaling potential turning points.
Fear Oscillator . Tracks bearish sentiment through patterns like Shooting Star, Hanging Man, and Bearish Engulfing. Helps identify moments of intense selling pressure.
Greed Oscillator . Detects bullish sentiment using patterns like Marubozu, Hammer, Bullish Engulfing, and Three White Soldiers. Highlights periods of strong buying interest.
These oscillators are averaged into the Candle Emotion Index (CEI):
CEI = (Indecision + Fear + Greed) / 3
This single value quantifies overall market sentiment and drives the strategy’s trading decisions.
Key Features
Sentiment-Based Trading Signals . Long Entry: Triggered when the CEI crosses above a lower threshold (e.g., 0.1), indicating increasing bullish sentiment. Short Entry: Triggered when the CEI crosses above a higher threshold (e.g., 0.2), signaling rising bearish sentiment.
Volume Confirmation . Trades are validated only if volume exceeds a user-defined multiplier of the average volume over the lookback period. This ensures entries are backed by significant market activity.
Break-Even Recovery Mechanism . If a trade moves into a loss, the strategy attempts to recover to break-even instead of immediately exiting at a loss. This feature provides flexibility, allowing the market to recover while maintaining disciplined risk management.
Dynamic Risk Management . Maximum Holding Period: Trades are closed after a user-defined number of candles to avoid overexposure to prolonged uncertainty. Profit-Taking Conditions: Positions are exited when favorable price moves are confirmed by increased volume, locking in gains. Loss Threshold: Trades are exited early if the price moves unfavorably beyond a set percentage of the entry price, limiting potential losses.
Cooldown Period . After a trade is closed, a cooldown period prevents immediate re-entry, reducing overtrading and improving signal quality.
Why Use This Strategy?
The CEI Strategy combines advanced sentiment analysis with robust trade management, making it a powerful tool for traders seeking to understand market psychology and identify high-probability setups. Its unique features, such as the break-even recovery mechanism and volume confirmation, add an extra layer of discipline and reliability to trading decisions.
Best Practices
Combine with Other Indicators . Use trend-following tools (e.g., moving averages, ADX) and momentum oscillators (e.g., RSI, MACD) to confirm signals.
Align with Key Levels . Incorporate support and resistance levels for refined entries and exits.
Multi-Market Compatibility . Apply this strategy to forex, crypto, stocks, or any asset class with strong volume and price action.
RSI & DPO support/resistanceThis indicator combines the Relative Strength Index (RSI) to identify overbought and oversold conditions with the Detrended Price Oscillator (DPO) to highlight support and resistance levels.
Unlike traditional indicators that display these metrics in a separate window, this tool integrates them directly onto the main price chart.
This allows for a more cohesive analysis, enabling traders to easily visualize the relationship between price movements and momentum indicators in one unified view.
How to Use It:
Identify Overbought and Oversold Conditions:
Look for RSI values above 70 to identify overbought conditions, suggesting a potential price reversal or pullback. Conversely, RSI values below 30 indicate oversold conditions, which may signal a potential price bounce or upward movement.
Analyze Support and Resistance Levels:
Observe the DPO lines on the main chart to identify key support and resistance levels. When the price approaches these levels, it can provide insights into potential price reversals or breakouts.
Combine Signals for Trading Decisions:
Use the RSI and DPO signals together to make informed trading decisions. For example, if the RSI indicates an overbought condition while the price is near a resistance level identified by the DPO, it may be a good opportunity to consider selling or taking profits.
Monitor Divergences:
Watch for divergences between the RSI and price movements. If the price is making new highs while the RSI is not, it could indicate weakening momentum and a potential reversal.
Set Alerts:
Consider setting alerts for when the RSI crosses above or below the overbought or oversold thresholds, or when the price approaches significant support or resistance levels indicated by the DPO.
Practice Risk Management:
Always use proper risk management techniques, such as setting stop-loss orders and position sizing, to protect your capital while trading based on these indicators.
By following these steps, traders can effectively utilize this indicator to enhance their market analysis and improve their trading strategies.
Next level scolilay swing timerThe "Next Level Scolilay Swing Timer" is an advanced TradingView indicator designed to help traders navigate trends, reversals, and swing opportunities with ease. It's built around several key concepts like ATR filtering, ZigZag analysis, and momentum-based trend detection, making it a powerful tool for identifying market direction and key trading opportunities.
One of the standout features is its ability to filter candles using the Average True Range (ATR). This ensures that the indicator focuses on meaningful price movements rather than noise. You can tweak the ATR settings to suit your trading style, deciding how much historical data to consider or even turning the filter off completely if you prefer.
The script also integrates a ZigZag algorithm to detect pivot points, which it uses to evaluate swings in price action. This feature comes with customizable settings for depth and sensitivity, allowing you to adjust how the script reacts to price fluctuations. By analyzing these swings, the indicator identifies key highs and lows, which play a big role in determining whether the market is trending up or down.
When it comes to trends, the script is smart and flexible. It doesn't just look for higher highs or lower lows; it also considers momentum and retracement levels to decide if a trend is gaining strength or reversing. For example, it uses one-third retracement logic to spot sudden shifts in market direction, which can be critical for catching reversals early. You can also enable features like fast trend switching, which reacts to single-candle events that might signal a trend break.
Visualization is another area where this script shines. It marks uptrends and downtrends directly on the chart with clear labels, so you can instantly see when a new trend starts. Pink arrows appear above candles to signal potential downtrends, while yellow arrows below candles indicate possible uptrends. These signals combine multiple layers of analysis, like swing validation, ATR filtering, and trend confirmation, to give you reliable insights.
What makes the Swing Timer especially useful is its flexibility. Whether you’re a trend trader looking to ride major market moves, a swing trader focused on pivot points, or someone hunting for reversals, you can customize the settings to fit your needs. You can adjust everything from ZigZag and ATR parameters to how trends are labeled and filtered. The result is a tool that adapts to your trading style while still providing clear and actionable signals.
In short, this script brings together a range of advanced trading concepts into one user-friendly package. It’s perfect for traders who want to see market trends clearly, identify opportunities with confidence, and stay ahead of sudden reversals—all without getting bogged down in unnecessary complexity.
Litecoin LTC Logarithmic Fibonacci Growth CurvesHOW THIS SCRIPT IS ORIGINAL: there is no similar script dedicated to LTC, although there are similar ones dedicated to BTC. (This was created by modifying an old public and open source similar script dedicated to BTC.)
WHAT THIS SCRIPT DOES: draws a channel containing the price of LTC within which the Fibonacci extensions are highlighted. The reference chart to use is LTC/USD on Bitfinex (because it has the oldest data, given that Tradingview has not yet created an LTC index), suggested with weekly or monthly timeframe.
HOW IT DOES IT: starting from two basic curves that average the upper and lower peaks of the price, the relative Fibonacci extensions are then built on the basis of these: 0.9098, 0.8541, 0.7639, 0.618, 0.5, 0.382, 0.2361, 0.1459, 0.0902.
HOW TO USE IT: after activating the script you will notice the presence of two areas of particular interest, the upper area, delimited in red, which follows the upper peaks of the price, and the lower area, delimited in green, which follows the lower peaks of the price. Furthermore, the main curves, namely the two extremes and the median, are also projected into the future to predict an indicative trend. This script is therefore useful for understanding where the price will go in the future and can be useful for understanding when to buy (near the green lines) or when to sell (near the red lines). It is also possible to configure the script by choosing the colors and types of lines, as well as the main parameters to define the upper and lower curve, from which the script deduces all the other lines that are in the middle.
Very easy to read and interpret. I hope this description is sufficient, but it is certainly easier to use it than to describe it.
Auto Fibonacci Extension and Retracement with Visual AlertsThis indicator automatically calculates and plots Fibonacci retracement and extension levels based on recent swing highs and lows, making it a powerful tool for traders who use Fibonacci analysis in their strategies.
Key Features:
• Dynamic Fibonacci Levels: Automatically detects swing highs and lows over a user-defined lookback period to calculate key Fibonacci retracement (e.g., 0.236, 0.382, 0.618, etc.) and extension (e.g., 1.618, 2.618, etc.) levels.
• Visual Alerts: Displays intuitive visual alerts when the price crosses important Fibonacci levels.
• Blue dashed lines for retracement levels.
• Green dashed lines for extension levels.
• Labels with up or down arrows indicating price interactions with these levels.
• Swing High/Low Visualization: Marks recent swing highs and lows with crosses for better clarity.
• Customizable: Adjust the lookback period and Fibonacci levels to suit your trading style.
Who is it for?
This indicator is perfect for:
• Swing Traders: To identify potential reversal or continuation zones.
• Day Traders: For short-term setups based on Fibonacci levels.
• Fibonacci Enthusiasts: To automate the time-consuming process of manually plotting levels.
Usage Ideas:
1. Use retracement levels (e.g., 0.618) to identify areas of potential support or resistance.
2. Use extension levels (e.g., 1.618) to target potential breakout or continuation zones.
3. Combine this indicator with candlestick patterns, volume analysis, or other tools for confirmation.
Limitations:
• This is a standalone indicator and does not provide buy/sell signals. It’s recommended to combine it with other technical analysis tools for best results.
• The lookback period and swing detection rely on past data, so adjustments may be needed based on the asset or timeframe.
Whether you’re looking to streamline your Fibonacci analysis or explore new opportunities in your trading, this indicator is designed to save time, increase accuracy, and enhance your overall trading experience.
Strong Buy/Sell with Demand/Supply and Volume HighlightStrong Buy/Sell with Demand/Supply and Volume Highlight
This indicator combines key technical elements to provide traders with robust buy and sell signals while highlighting significant market zones and volume trends. It's designed for traders seeking clarity and precision in their decision-making process.
Features:
Dynamic Buy/Sell Signals:
Utilizes the crossover of a fast EMA (default: 9) and a slow EMA (default: 21) to generate reliable buy and sell signals.
Buy signals are marked with green upward labels, while sell signals are marked with red downward labels.
Demand and Supply Zone Detection:
Automatically plots demand (support) and supply (resistance) zones based on recent price movements when buy or sell signals are triggered.
Zones are visually marked with lines for quick identification of key price levels.
Volume Analysis:
Highlights candles with high volume relative to the average 20-period volume (adjustable via the volume multiplier input).
High-volume bullish candles are marked green, and bearish candles are marked red, allowing traders to spot significant market activity instantly.
Inputs:
EMA Periods: Customizable fast and slow EMA settings to adjust signal sensitivity.
Demand/Supply Zones: Option to toggle the visibility of demand and supply levels.
Volume Multiplier: Control the threshold for detecting high-volume candles.
How to Use:
Buy Opportunities: Look for buy signals when the fast EMA crosses above the slow EMA, supported by demand zones and high volume.
Sell Opportunities: Observe sell signals when the fast EMA crosses below the slow EMA, reinforced by supply zones and bearish high-volume candles.
Combine this indicator with your trading strategy to enhance decision-making and improve trade timing.
This indicator is suitable for multiple timeframes and markets, making it a versatile tool for scalpers, day traders, and swing traders.
TOL LANGIT ATR v7 - AI EnhancedThe TOL LANGIT ATR v7 is an adaptive technical indicator designed to identify market trends, support and resistance levels, and breakout points. It uses the Average True Range (ATR) and volatility to dynamically adjust trend bands, with visual markers for buy and sell signals. The indicator also highlights key support (blue) and resistance (orange) levels, and alerts users when these levels are broken. It’s perfect for trend following, breakout trading, and reversal strategies, and includes easy-to-set alerts for key market changes.
Sharpe and Sortino Ratios with Date RangeThis indicator calculates the Sharpe and Sortino ratios using a chart symbol's periodic price returns.
I added the ability to calculate SORTINO and Sharpe based on CUSTOM DATES within the option menu.
It builds on the script here: by adding this feature.
A little about the Sortino Ratio.
www.nasdaq.com
I want equity market returns, but I don’t want equity market volatility. This is the sentiment many investors naturally feel. This sentiment often grows stronger as one approaches or is in the phase where they desire distributions from their savings to improve lifestyle. This is why there is a need for active management in the investment arena. The desire to control downside volatility, but also participate in the upside growth is a very fundamental human desire. The Sortino Ratio measures how well a particular investment meets this fundamental human desire.
There is the old adage, “volatility is the price you pay for returns.” However, what if we could measure the historical performance of an investment and see if it has given above average returns compared to the downside volatility. This is a simple division problem. It will tell us if the volatility “price we are paying for returns” is good. We can then compare that to other investments to see how they compare.
Let us take the return and subtract the risk-free interest rate and then simply divide that by the downside movement from the average. A basic division problem yielding a number that measures a very basic human desire: How well did this investment do compared to the downside risk it experienced.
In the world of financial analysis and investment management, ratios are abundant. There are many ratios that are truly important to a particular analysis. However, the sheer abundance of ratios that are available often overwhelms the casual investor, leading them to disregard ratios altogether. I would argue for those investors that desire a way to rank an investment by its ability to satisfy this very fundamental human desire, the Sortino Ratio is the number they need to consider.
Disappointing in the marketplace for research, the Sortino Ratio is not featured prominently. It is much easier to find the inflows a particular ETF has experienced than the Sortino Ratio. Inflows are important. They measure how much people are investing into an ETF. However, they are mostly only important to the fund manager, not the investor. What investors care about is the Risk-Adjusted Return. This is the Sortino Ratio.
Two-Pole Oscillator [BigBeluga]
The Two-Pole Oscillator is an advanced smoothing oscillator designed to provide traders with precise market signals by leveraging deviation-based calculations combined with a unique two-pole filtering technique. It offers clear visual representation and actionable signals for smart trading decisions.
🔵Key Features:
Two-Pole Filtering: Smooths out the main oscillator signal to reduce noise, providing a cleaner and more reliable view of market momentum and trend strength.
// Two-pole smooth filter function
f_two_pole_filter(source, length) =>
var float smooth1 = na
var float smooth2 = na
alpha = 2.0 / (length + 1)
if na(smooth1)
smooth1 := source
else
smooth1 := (1 - alpha) * smooth1 + alpha * source
if na(smooth2)
smooth2 := smooth1
else
smooth2 := (1 - alpha) * smooth2 + alpha * smooth1
Deviation-Based Oscillator: Utilizes price deviations from the mean to generate dynamic signals, making it ideal for detecting overbought and oversold conditions.
float sma1 = ta.sma(close, 25)
float sma_n1 = ((close - sma1) - ta.sma(close - sma1, 25)) / ta.stdev(close - sma1, 25)
Signal Gradient Strength: Signals on the main oscillator line feature gradient coloring based on their proximity to the 0 level:
➔ Closer to 0: More transparent, indicating weaker signals.
➔ Closer to 1 or -1: Less transparent, highlighting stronger signals.
Level-Based Signal Validation: Parallel levels are plotted on the chart for each signal:
➔ If a level is crossed by price, the signal is invalidated, marked by an "X" at the invalidation point.
Trend Continuation
Invalidation Levels: Serve as potential stop-loss or trade-reversal zones, enabling traders to make more informed and disciplined trading decisions.
Dynamic Chart Plotting: Signals are plotted directly on the chart with corresponding levels, providing a comprehensive visual representation for easy interpretation.
🔵How It Works:
The oscillator calculates price deviation from a mean value and applies two-pole filtering to smooth the resulting signal.
Gradient-colored signals reflect their strength, with transparency indicating proximity to the 0 level on the oscillator scale.
Buy and sell signals are generated based on crossovers and crossunders of the oscillator line with a signal line.
If a level is crossed, the corresponding signal is marked with a "X" plotted on the chart at the crossover point.
🔵Use Cases:
Detecting overbought or oversold market conditions with a smoother, noise-free oscillator.
Using invalidation levels to set clear stop-loss or trade exit points.
Identifying strong momentum signals and filtering out weaker, less reliable ones.
Combining oscillator signals with price action for more precise trade entries and exits.
This indicator is perfect for traders seeking a refined approach to oscillator analysis, combining signal strength visualization with actionable invalidation levels to enhance trading precision and strategy.
Swing High/Low (ZigZag) [ChartPrime]Swing High/Low (ZigZag) Indicator
The Swing High/Low (ZigZag) Indicator is a versatile tool for identifying and visualizing price swings, swing highs, and swing lows. It dynamically plots levels for significant price points while connecting them with a ZigZag line, enabling traders to analyze market structure and trends with precision.
⯁ KEY FEATURES
Swing Highs and Lows Detection
Accurately detects and marks swing highs and lows, providing a clear structure of market movements.
Real-Time ZigZag Line
Connects swing points with a dynamic ZigZag line for a visual representation of price trends.
Customizable Swing Sensitivity
Swing length input allows traders to adjust the sensitivity of swing detection to match their preferred market conditions.
Swing Levels with Shadows
Option to display swing levels with extended shadows for better visibility and market analysis.
Broken Levels Marking
Tracks and visually updates levels as dashed lines when broken, providing insights into shifts in market structure.
Swing Direction Display
At the top-right corner, the indicator displays the current swing direction (up or down) with a directional arrow for quick reference.
Interactive Labels
Marks swing levels with labels, showing the price of swing highs and lows for added clarity.
Dynamic Market Structure Analysis
Automatically adjusts ZigZag lines and levels as the market evolves, ensuring real-time updates for accurate trading decisions.
⯁ HOW TO USE
Analyze Market Trends
Use the ZigZag line and swing levels to identify the overall direction and structure of the market.
Spot Significant Price Points
Swing highs and lows act as potential support and resistance levels for trading opportunities.
Adjust Swing Sensitivity
Modify the swing length setting to match your trading strategy, whether scalping, day trading, or swing trading.
Monitor Broken Levels
Use the dashed lines of broken levels to identify changes in market dynamics and potential breakout or breakdown zones.
Plan Entries and Exits
Leverage swing levels and direction to determine optimal entry, stop-loss, and take-profit points.
⯁ CONCLUSION
The Swing High/Low (ZigZag) Indicator is a powerful tool for traders seeking to visualize price swings and market structure. Its real-time updates, customizable settings, and dynamic swing direction make it an invaluable resource for technical analysis and decision-making.
Asset Rotation System [InvestorUnknown]Overview
This system creates a comprehensive trend "matrix" by analyzing the performance of six assets against both the US Dollar and each other. The objective is to identify and hold the asset that is currently outperforming all others, thereby focusing on maintaining an investment in the most "optimal" asset at any given time.
- - - Key Features - - -
1. Trend Classification:
The system evaluates the trend for each of the six assets, both individually against USD and in pairs (assetX/assetY), to determine which asset is currently outperforming others.
Utilizes five distinct trend indicators: RSI (50 crossover), CCI, SuperTrend, DMI, and Parabolic SAR.
Users can customize the trend analysis by selecting all indicators or choosing a single one via the "Trend Classification Method" input setting.
2. Backtesting:
Calculates an equity curve for each asset and for the system itself, which assumes holding only the asset deemed optimal at any time.
Customizable start date for backtesting; by default, it begins either 5000 bars ago (the maximum in TradingView) or at the inception of the youngest asset included, whichever is shorter. If the youngest asset's history exceeds 5000 bars, the system uses 5000 bars to prevent errors.
The equity curve is dynamically colored based on the asset held at each point, with this coloring also reflected on the chart via barcolor().
Performance metrics like returns, standard deviation of returns, Sharpe, Sortino, and Omega ratios, along with maximum drawdown, are computed for each asset and the system's equity curve.
3 Alerts:
Supports alerts for when a new, confirmed optimal asset is identified. However, due to TradingView limitations, the specific asset cannot be included in the alert message.
- - - Usage - - -
1. Select Assets/Tickers:
Choose which assets or tickers you want to include in the rotation system. Ensure that all selected tickers are denominated in USD to maintain consistency in analysis.
2. Configure Trend Classification:
Decide on the trend classification method from the available options (RSI, CCI, SuperTrend, DMI, or Parabolic SAR, All) and adjust the settings to your preferences. This customization allows you to tailor the system to different market conditions or your specific trading strategy.
3. Utilize Backtesting for Calibration:
Use the backtesting results, including equity curves and performance metrics, to fine-tune your chosen trend indicators.
Be cautious not to overemphasize performance maximization, as this can lead to overfitting. The goal is to achieve a robust system that performs well across various market conditions, rather than just optimizing for past data.
- - - Parameters - - -
Tickers:
Asset 1: Select the symbol for the first asset.
Asset 2: Select the symbol for the second asset.
Asset 3: Select the symbol for the third asset.
Asset 4: Select the symbol for the fourth asset.
Asset 5: Select the symbol for the fifth asset.
Asset 6: Select the symbol for the sixth asset.
General Settings:
Trend Classification Method: Choose from RSI, CCI, SuperTrend, DMI, PSAR, or "All" to determine how trends are analyzed.
Use Custom Starting Date for Backtest: Toggle to use a custom date for beginning the backtest.
Custom Starting Date: Set the custom start date for backtesting.
Plot Perf. Metrics Table: Option to display performance metrics in a table on the chart.
RSI (Relative Strength Index):
RSI Source: Choose the price data source for RSI calculation.
RSI Length: Set the period for the RSI calculation.
CCI (Commodity Channel Index):
CCI Source: Select the price data source for CCI calculation.
CCI Length: Determine the period for the CCI.
SuperTrend:
SuperTrend Factor: Adjust the sensitivity of the SuperTrend indicator.
SuperTrend Length: Set the period for the SuperTrend calculation.
DMI (Directional Movement Index):
DMI Length: Define the period for DMI calculations.
Parabolic SAR:
PSAR Start: Initial acceleration factor for the Parabolic SAR.
PSAR Increment: Increment value for the acceleration factor.
PSAR Max Value: Maximum value the acceleration factor can reach.
Notes/Recommendations:
While this system is operational, it's important to recognize that it relies on "basic" indicators, which may not be ideal for generating trading signals on their own. I strongly suggest that users delve into the code to grasp the underlying logic of the system. Consider customizing it by integrating more sophisticated and higher-quality trend-following indicators to enhance its performance and reliability.
Disclaimer:
This system's backtest results are historical and do not predict future performance. Use for educational purposes only; not investment advice.
Channels by SmanovIndicator Description
“Channels by Smanov” is a multi-channel indicator that plots dynamic support and resistance zones around a moving average line. It is composed of two main parts:
FL 1 (Flexible Channels):
A Simple Moving Average (SMA) serves as the Basis.
Upper and lower bands are calculated by adding and subtracting an ATR-based buffer from the Basis.
User-defined inputs (such as Half Length, ATR Period, and ATR Multiplier) allow for flexibility in adapting the channel width to different market conditions.
FL 2 (Fixed Channels):
Eight additional bands expand on the same SMA + ATR logic but use fixed ATR multipliers (ranging from 2.2 up to 5.0).
These extra lines can help you gauge more distant levels of potential support or resistance.
By combining an SMA (to smooth price data) with ATR (to gauge volatility), this indicator highlights areas where price may be “stretched” relative to recent volatility. Traders often use channel-based indicators to identify potential “overbought” or “oversold” conditions, as well as to spot trend continuations or reversals.
How to Use / Trading Strategy
Trend Identification (Basis Line):
The middle line (the SMA) can be used as a trend filter:
If price consistently stays above the basis, it suggests an uptrend.
If price consistently stays below the basis, it suggests a downtrend.
Reversal Opportunities (Outer Bands):
When price moves into or beyond the upper bands, it may signal overbought conditions, creating potential short (or profit-taking) opportunities.
Conversely, when price dips into or beyond the lower bands, it may signal oversold conditions, which some traders use for initiating or adding to long positions.
Breakout or Continuation Signals:
In a strong trend, price may “ride” along the outer channels.
A clear break above/below a channel that previously acted as resistance/support could hint at trend continuation.
Failure to break these levels could suggest a potential reversal or consolidation phase.
Stop-Loss Placement:
Traders often place stops just outside a relevant band. For example, if you go long on a dip near a lower band, you might place your stop slightly below that band, relying on the ATR-based buffer to reflect normal volatility.
Multiple Timeframe Analysis:
Consider confirming signals on a higher timeframe (e.g., 4-hour or daily) while taking entries on a lower timeframe.
Channels on higher timeframes can act as stronger support or resistance, offering additional confluence.
Disclaimer
This indicator is provided for educational purposes and does not guarantee specific results. Trading involves risk, and individual traders are responsible for managing their own risk and capital. Always conduct thorough analysis and use appropriate risk management (e.g., stop-losses) when entering any market positions.
Enjoy using Channels by Smanov! Your feedback and personal insights can further refine the indicator’s settings for your preferred trading style. Good luck and trade responsibly!
This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0.
© Smanov_I
Justice GameplanFibonacci Playbook: The Gridiron Indicator
This indicator doesn’t just mark levels—it’s your head coach, calling plays straight from the Fibonacci playbook to keep you ahead of the market’s defense. Here’s the game plan:
1. Scouting the Field:
It analyzes the last 180 bars like a seasoned scout, finding the *high-price MVP* and *low-price underdog* to set the boundaries of the game. This is your field—own it.
2. The Playbook:
- 50% Retracement (The Midfield Handoff):** The classic “let’s regroup and push forward” zone. Price often makes its comeback play here.
- 61.8% Retracement (The Sideline Route):** A tighter play—when price hits this zone, it’s like a running back juking defenders, setting up for a breakout move.
- 1.618 and 2.618 Extensions (Hail Mary Territory):** These are your end zones—when price reaches here, it’s all or nothing. You’re either scoring big or heading back to the locker room.
3. Game-Day Colors:
- Green Lines: Your offensive line—protecting your buy zones. Calm, calculated, and ready for a push.
- Red Lines: The defensive blitz—these levels warn, “You’ve hit resistance, time to adjust before you fumble.”
4. Signal Flags:
- Green Triangles (The Snap):The market signals a buy opportunity like a quarterback calling the perfect audible. It’s your chance to get in before the defense reacts.
- Red Triangles (The Sack): The market’s pressure is on—time to exit before the price gets tackled back to where it started.
5. End-to-End Game Vision:
The horizontal lines stretch across the chart like yard markers, setting the stage for price to march down the field—or get stopped cold by Fibonacci resistance.
This indicator is your ultimate play-caller, marking the critical zones where the market makes its big plays. Whether you’re running a steady offense or pulling off a last-minute Hail Mary, Fibonacci’s got your back. Time to suit up and dominate the trading field. 🏈
Wave Trend -V2Wave Trend -V2 is here to give you a serious edge.
This upgraded version of the popular LazyBear script takes wave trend analysis to the next level.
Here's the deal:
Multi-Timeframe Analysis: Beyond Short-Term Noise:
Novice traders often focus solely on the current timeframe (let's say, the 5-minute chart).
Wave Trend -V2 breaks free from this limitation by analyzing price action across multiple timeframes (1-minute to 1-week).
---This holistic view helps you:
Identify larger trends: Are we in a bullish uptrend on the daily chart, even if the hourly chart is showing some short-term weakness? Wave Trend -V2 helps you see the bigger picture.
Avoid false breakouts: Short-term price spikes can create false signals. By looking at higher timeframes, you can filter out these "noise" and focus on sustainable trends.
---Pressure Analysis: Gauging Market Strength:
Wave Trend -V2 goes beyond simple trend identification.
It incorporates "pressure" analysis to gauge the strength and direction of the current market trend.
This helps you:
Enter trades with confidence: When the trend is strong and the pressure is high, you can enter trades with greater conviction.
Minimize risk: If the pressure is waning or conflicting signals arise, you can avoid entering trades or adjust your risk parameters accordingly.
Impact Point Analysis: Predicting Future Price Moves:
Wave Trend -V2 analyzes the price impact of the last four wave trend crossovers.
Let's say the last impact point was "X", the previous one "X-1", the one before that "X-2", and so on.
The indicator calculates the average price movement between these points using the following simplified formula:
Average Impact = (X - X-1) + (X-1 - X-2) + (X-2 - X-3) / 3
This average provides a valuable estimate of the potential price movement of the next crossover.
Multiple Take Profit Levels: Setting Strategic Targets:
Wave Trend -V2 offers three dynamic take profit levels (TP1, TP2, TP3).
TP1: Based on the estimated average impact.
TP2: Twice the estimated average impact.
TP3: Three times the estimated average impact.
This allows you to set your profit targets strategically, maximizing potential gains while managing risk effectively.
Why don't use the Estmated impact point to stop the trade?
In order to eliminated the WHIPSAW effect! There is no other way...
Wave Trend -V2 is designed for traders who seek a deeper understanding of trend dynamics and desire a more sophisticated approach to trading. By combining multi-timeframe analysis, pressure assessment, and advanced impact point calculations, this indicator empowers you to make more informed trading decisions and potentially improve your trading outcomes.
The indicator work best with combination of other trend type indicators.
Please dont forget that indicators are not miracle medicines , it cannot give you exact results , market was always volative , use at your own discretion.
Support and Resistance Levels (MMNOMICS)This indicator, titled "Support and Resistance Levels", is designed to identify and visualize critical price levels on a chart using Pine Script (version 5). It calculates support and resistance based on the highest and lowest prices over a user-defined lookback period (default: 20 bars). The support level represents the lowest low during this period, acting as a potential price floor, while the resistance level represents the highest high, serving as a potential price ceiling. These levels are plotted as green and red lines, respectively. To enhance visualization, dynamic zones are created with semi-transparent background colors—green when the price is near or below the support level, and red when the price is near or above the resistance level. Additionally, the indicator uses visual markers to highlight potential reversals: green triangles appear below bars near the support level, and red triangles above bars near the resistance level. This tool helps traders quickly identify areas of potential price action, aiding in decision-making and strategy development.
Fibonacci 3-D🟩 The Fibonacci 3-D indicator is a visual tool that introduces a three-dimensional approach to Fibonacci projections, leveraging market geometry. Unlike traditional Fibonacci tools that rely on two points and project horizontal levels, this indicator leverages slopes derived from three points to introduce a dynamic element into the calculations. The Fibonacci 3-D indicator uses three user-defined points to form a triangular structure, enabling multi-dimensional projections based on the relationships between the triangle’s sides.
This triangular framework forms the foundation for the indicator’s calculations, with each slope (⌳AB, ⌳AC, and ⌳BC) representing the rate of price change between its respective points. By incorporating these slopes into Fibonacci projections, the indicator provides an alternate approach to identifying potential support and resistance levels. The Fibonacci 3-D expands on traditional methods by integrating both historical price trends and recent momentum, offering deeper insights into market dynamics and aligning with broader market geometry.
The indicator operates across three modes, each defined by the triangular framework formed by three user-selected points (A, B, and C):
1-Dimensional (1-D): Fibonacci levels are based on a single side of the triangle, such as AB, AC, or BC. The slope of the selected side determines the angle of the projection, allowing users to analyze linear trends or directional price movements.
2-Dimensional (2-D): Combines two slopes derived from the sides of the triangle, such as AB and BC or AC and BC. This mode adds depth to the projections, accounting for both historical price swings and recent market momentum.
3-Dimensional (3-D): Integrates all three slopes into a unified projection. This mode captures the full geometric relationship between the points, revealing a comprehensive view of geometric market structure.
🌀 THEORY & CONCEPT 🌀
The Fibonacci 3-D indicator builds on the foundational principles of traditional Fibonacci analysis while expanding its scope to capture more intricate market structures. At its core, the indicator operates based on three user-selected points (A, B, and C), forming the vertices of a triangle that provides the structural basis for all calculations. This triangle determines the slopes, projections, and Fibonacci levels, aligning with the unique geometric relationships between the chosen points. By introducing multiple dimensions and leveraging this triangular framework, the indicator enables a deeper examination of price movements.
1️⃣ First Dimension (1-D)
In technical analysis, traditional Fibonacci retracement and extension tools operate as one-dimensional instruments. They rely on two price points, often a swing high and a swing low, to calculate and project horizontal levels at predefined Fibonacci ratios. These levels identify potential support and resistance zones based solely on the price difference between the selected points.
A one-dimensional Fibonacci showing levels derived from two price points (B and C).
The Fibonacci 3-D indicator extends this one-dimensional concept by introducing Ascending and Descending projection options. These options calculate the levels to align with the directional movement of price, creating sloped projections instead of purely horizontal levels.
1-D mode with an ascending projection along the ⌳BC slope aligned to the market's slope. Potential support is observed at 0.236 and 0.382, while resistance appears at 1.0 and 0.5.
2️⃣ Second Dimension (2-D)
The second dimension incorporates a second side of the triangle, introducing relationships between two slopes (e.g., ⌳AB and ⌳BC) to form a more dynamic three-point structure (A, B, and C) on the chart. This structure enables the indicator to move beyond the single-axis (price) calculations of traditional Fibonacci tools. The sides of the triangle (AB, AC, BC) represent slopes calculated as the rate of price change over time, capturing distinct components of market movement, such as trend direction and momentum.
2-D mode of the Fibonacci 3-D indicator using the ⌳AC slope with a descending projection. The Fibonacci projections align closely with observed market behavior, providing support at 0.236 and resistance at 0.618. Unlike traditional zigzag setups, this configuration uses two swing highs (A and B) and a swing low (C). The alignment along the descending slope highlights the geometric relationships between selected points in identifying potential support and resistance levels.
3️⃣ Third Dimension (3-D)
The third dimension expands the analysis by integrating all three slopes into a unified calculation, encompassing the entire triangle structure formed by points A, B, and C. Unlike the second dimension, which analyzes pairwise slope relationships, the 3-D mode reflects the combined geometry of the triangle. Each slope contributes a distinct perspective: AB and AC provide historical context, while BC emphasizes the most recent price movement and is given greater weight in the calculations to ensure projections remain responsive to current dynamics.
Using this integrated framework, the 3-D mode dynamically adjusts Fibonacci projections to balance long-term patterns and short-term momentum. The projections extend outward in alignment with the triangle’s geometry, offering a comprehensive framework for identifying potential support and resistance zones and capturing market structures beyond the scope of simpler 1-D or 2-D modes.
Three-dimensional Fibonacci projection using the ⌳AC slope, aligning closely with the market's directional movement. The projection highlights key levels: resistance at 0.0 and 0.618, and support at 1.0, 0.786, and 0.382.
By leveraging all three slopes simultaneously, the 3-D mode introduces a level of complexity particularly suited for volatile or non-linear markets. The weighted slope calculations ensure no single price movement dominates the analysis, allowing the projections to adapt dynamically to the broader market structure while remaining sensitive to recent momentum.
Three-dimensional ascending projection. In 3D mode, the indicator integrates all three slopes to calculate the angle of projection for the Fibonacci levels. The resulting projections adapt dynamically to the overall geometry of the ABC structure, aligning with the market’s current direction.
🔂 Interactions: Dimensions. Slope Source, Projections, and Orientation
The Dimensions , Projections , and Orientation settings work together to define Fibonacci projections within the triangular framework. Each setting plays a specific role in the geometric analysis of price movements.
♾️ Dimension determines which of the three modes (1-D, 2-D, or 3-D) is used for Fibonacci projections. In 1-D mode, the projections are based on a single side of the triangle, such as AB, AC, or BC. In 2-D mode, two sides are combined, producing levels based on their geometric relationship. The 3-D mode integrates all three sides of the triangle, calculating projections using weighted averages that emphasize the BC side for its relevance to recent price movement while maintaining historical context from the AB and AC sides.
A one-dimensional Fibonacci projection using the ⌳AB slope with a neutral projection. Important levels of interaction are highlighted: repeated resistance at Level 1.0 and repeated support at Levels 0.5 and 0.618. The projection aligns horizontally, reflecting the relationship between points A, B, and C while identifying recurring zones of market structure.
🧮 Slope Source determines which side of the triangle (AB, AC, or BC) serves as the foundation for Fibonacci projections. This selection directly impacts the calculations by specifying the slope that anchors the geometric relationships within the chosen Dimension mode (1-D, 2-D, or 3-D).
In 1-D mode, the selected Source defines the single side used for the projection. In 2-D and 3-D modes, the Source works in conjunction with other settings to refine projections by integrating the selected slope into the multi-dimensional framework.
One-dimensional Fibonacci projection using the ⌳AC Slope Source and Ascending projection. The projection continues on the AC slope line.
🎯 Projection controls the direction and alignment of Fibonacci levels. Neutral projections produce horizontal levels, similar to traditional Fibonacci tools. Ascending and Descending projections adjust the levels along the calculated slope to reflect market trends. These options allow the indicator’s outputs to align with different market behaviors.
An ascending projection along the ⌳BC slope aligns with resistance levels at 1.0, 0.618, and 0.236. The geometric relationship between points A, B, and C illustrates how the projection adapts to market structure, identifying resistance zones that may not be captured by traditional Fibonacci tools.
🧭 Orientation modifies the alignment of the setup area defined by points A, B, and C, which influences Fibonacci projections in 2-D and 3-D modes. In Default mode, the triangle aligns naturally based on the relative positions of points B and C. In Inverted mode, the geometric orientation of the setup area is reversed, altering the slope calculations while preserving the projection direction specified in the Projection setting. In 1-D mode, Orientation has no effect since only one side is used for the projection.
Adjusting the Orientation setting provides alternative views of how Fibonacci levels align with the market's structure. By recalibrating the triangle’s setup, the inverted orientation can highlight different relationships between the sides, providing additional perspectives on support and resistance zones.
2-D inverted. The ⌳AC slope defines the projection, and the inverted orientation adjusts the alignment of the setup area, altering the angles used in level calculations. Key levels are highlighted: resistance at 0.786, strong support at 0.5 and 0.236, and a resistance-turned-support interaction at 0.618.
🛠️ CONFIGURATION AND SETTINGS 🛠️
The Fibonacci 3-D indicator includes configurable settings to adjust its functionality and visual representation. These options include customization of the dimensions (1-D, 2-D, or 3-D), slope calculations, orientations, projections, Fibonacci levels, and visual elements.
When adding the indicator to a new chart, select three reference points (A, B, and C). These are usually set to recent swing points. All three points can be easily changed at any time by clicking on the reference point and dragging it to a new location.
By default, all settings are set to Auto . The indicator uses an internal algorithm to estimate the projections based on the orientation and relative positions of the reference points. However, all values can be overridden to reflect the user's interpretation of the current market geometry.
⚙️ Core Settings
Dimensions : Defines how many sides of the triangle formed by points A, B, and C are incorporated into the calculations for Fibonacci projections. This setting determines the level of complexity and detail in the analysis. 1-D : Projects levels along the angle of a single user-selected side of the triangle.
2-D : Projects levels based on a composite slope derived from the angles of two sides of the triangle.
3-D : Projects levels based on a composite slope derived from all three sides of the triangle (A-B, A-C, and B-C), providing a multi-dimensional projection that adapts to both historical and recent market movements.
Slope Source : Determines which side of the triangle is used as the basis for slope calculations. A–B: The slope between points A and B. In 1-D mode, this determines the projection. In 2-D and 3-D modes, it contributes to the composite slope calculation.
A–C: The slope between points A and C. In 1-D mode, this determines the projection. In 2-D and 3-D modes, it contributes to the composite slope calculation.
B--C: The slope between points B and C. In 1-D mode, this determines the projection. In 2-D and 3-D modes, it contributes to the composite slope calculation.
Orientation : Defines the triangle's orientation formed by points A, B, and C, influencing slope calculations. Auto : Automatically determines orientation based on the relative positions of points B and C. If point C is to the right of point B, the orientation is "normal." If point C is to the left, the orientation is inverted.
Inverted : Reverses the orientation set in "Auto" mode. This flips the triangle, reversing slope calculations ⌳AB becomes ⌳BA).
Projection : Determines the direction of Fibonacci projections: Auto : Automatically determines projection direction based on the triangle formed by A, B, and C.
Ascending : Projects the levels upward.
Neutral : Projects the levels horizontally, similar to traditional Fibonacci retracements.
Descending : Projects the levels downward.
⚙️ Fibonacci Level Settings Show or hide specific levels.
Level Value : Adjust Fibonacci ratios for each level. The 0.0 and 1.0 levels are fixed.
Color : Set level colors.
⚙️ Visibility Settings Show Setup : Toggle the display of the setup area, which includes the projected lines used in calculations.
Show Triangle : Toggle the display of the triangle formed by points A, B, and C.
Triangle Color : Set triangle line colors.
Show Point Labels : Toggle the display of labels for points A, B, and C.
Show Left/Right Labels : Toggle price labels on the left and right sides of the chart.
Fill % : Adjust the fill intensity between Fibonacci levels (0% for no fill, 100% for full fill).
Info : Set the location or hide the Slope Source and Dimension. If Orientation is Inverted , the Slope Source will display with an asterisk (*).
⚙️ Time-Price Points : Set the time and price for points A, B, and C, which define the Fibonacci projections.
A, B, and C Points : User-defined time and price coordinates that form the foundation of the indicator's calculations.
Interactive Adjustments : Changes made to points on the chart automatically synchronize with the settings panel and update projections in real time.
Notes
Unlike traditional Fibonacci tools that include extensions beyond 1.0 (e.g., 1.618 or 2.618), the Fibonacci 3-D indicator restricts Fibonacci levels to the range between 0.0 and 1.0. This is because the projections are tied directly to the proportional relationships along the sides of the triangle formed by points A, B, and C, rather than extending beyond its defined structure.
The indicator's calculations dynamically sort the user-defined A, B, and C points by time, ensuring point A is always the earliest, point C the latest, and point B the middle. This automatic sorting allows users to freely adjust the points directly on the chart without concern for their sequence, maintaining consistency in the triangular structure.
🖼️ ADDITIONAL CHART EXAMPLES 🖼️
Three-dimensional ⌳AC slope is used with an ascending projection, even as the broader market trend moves downward. Despite the apparent contradiction, the projected Fibonacci levels align closely with price action, identifying zones of support and resistance. These levels highlight smaller countertrend movements, such as pullbacks to 0.382 and 0.236, followed by continuations at resistance levels like 0.618 and 0.786.
In 2-D mode, an ascending projection based on the BC slope highlights the market's geometric structure. A setup triangle, defined by a swing high (A), a swing low (B), and another swing high (C), reveals Fibonacci projections aligning with support at 0.236, 0.382, and 0.5, and resistance at 0.618, 0.786, and 1.0, as shown by the green and red arrows. This demonstrates the ability to uncover dynamic support and resistance levels not calculated in traditional Fibonacci tools.
In 2-D mode with an ascending projection from the ⌳AB slope, price movement is contained within the 0.5 and 0.786 levels. The 0.5 level serves as support, while the 0.786 level acts as resistance, with price action consistently interacting with these boundaries.
An AC (2-D) ascending projection is derived from two swing highs (A and B) and a swing low (C), reflecting a non-linear market structure that deviates from traditional zigzag patterns. The ascending projection aligns closely with the market's upward trajectory, forming a channel between the 0.0 and 0.5 Fibonacci levels. Note how price action interacts with the projected levels, showing support at 0.236 and 0.382, with the 0.5 level acting as a mid-channel equilibrium.
Two-dimensional ascending Fibonacci projection using the ⌳AC slope. Arrows highlight resistance at 0.786 and support at 0.0 and 0.236. The projection follows the ⌳AC slope, reflecting the geometric relationship between points A, B, and C to identify these levels.
Three-dimensional Fibonacci projection using the ⌳AC slope, aligned with the actual market's directional trend. By removing additional Fibonacci levels, the image emphasizes key areas: resistance at Level 0.0 and support at Levels 1.0 and 0.5. The projection dynamically follows the ⌳AC slope, adapting to the market's structure as defined by points A, B, and C.
A three-dimensional configuration uses the ⌳AB slope as the baseline for projections while incorporating the geometric influence of point C. Only the 0.0 and 0.618 levels are enabled, emphasizing the relationship between support at 0.0 and resistance at 0.618. Unlike traditional Fibonacci tools, which operate in a single plane, this setup reveals levels that rely on the triangular relationship between points A, B, and C. The third dimension allows for projections that align more closely with the market’s structure and reflect its multi-dimensional geometry.
The Fibonacci 3-D indicator can adapt to non-traditional point selection. Point A serves as a swing low, while points B and C are swing highs, forming an unconventional configuration. ⌳The BC slope is used in 2-D mode with an inverted orientation, flipping the projection direction and revealing resistance at Level 0.786 and support at Levels 0.618 and 0.5.
⚠️ DISCLAIMER ⚠️
The Fibonacci 3-D indicator is a visual analysis tool designed to illustrate Fibonacci relationships. While the indicator employs precise mathematical and geometric formulas, no guarantee is made that its calculations will align with other Fibonacci tools or proprietary methods. Like all technical and visual indicators, the Fibonacci projections generated by this tool may appear to visually align with key price zones in hindsight. However, these projections are not intended as standalone signals for trading decisions. This indicator is intended for educational and analytical purposes, complementing other tools and methods of market analysis.
🧠 BEYOND THE CODE 🧠
The Fibonacci 3-D indicator, like other xxattaxx indicators , is designed to encourage both education and community engagement. Your feedback and insights are invaluable to refining and enhancing the Fibonacci 3-D indicator. We look forward to the creative applications, adaptations, and observations this tool inspires within the trading community.
