OPR Sessions EU/US By Pangolin76
// © 2024 Pangolin76 - This indicator is distributed for free and cannot be resold
// This script displays the Open Price Range (OPR) for European and US sessions
// Useful for identifying key areas and pullback opportunities
OPR Sessions by Pangolin76
Description:
The OPR Sessions indicator is designed to highlight key market opening price ranges for the European (EU) and US trading sessions. It visually marks the first 15 minutes of both sessions, helping traders identify critical support and resistance levels formed at the beginning of each session.
🔹 Key Features:
✅ Displays the Opening Price Range (OPR) for the European (09:00 - 09:15) and US (15:30 - 15:45) sessions (adjustable time settings)
✅ Plots a box around the session range, dynamically updating as price evolves
✅ Draws extended high, low, and mid-range levels for further analysis
✅ Fully customizable colors and time settings for each session
🔹 Purpose & How It Works:
📌 During the first 15 minutes of each selected session, the indicator tracks the highest and lowest price levels, shading the session range with a box.
📌 Once the session ends, the high, low, and mid-range lines extend to provide key reference levels for traders throughout the trading day.
📌 Breakout & Pullback Trading Strategy: When a candle breaks out of the OPR after the 15-minute session, traders can wait for a pullback to the session high/low and use these levels as potential entry points for long or short trades.
📌 Works on any timeframe, ideally used on intraday charts (1M, 5M, 15M, etc.)
🚀 Perfect for intraday traders and scalpers looking to capitalize on market reactions to session openings!
🔧 Customization Options:
✔ Enable/Disable the EU & US Sessions independently
✔ Modify session start & end times
✔ Adjust box and line colors to match your trading setup
✔ Configure line length for extended session range visibility
📈 Enhance your trading strategy with precise session range tracking!
Try the OPR Sessions by Pangolin76 now and gain an edge in session-based trading! 🚀🔥
Bands and Channels
Bollinger Bands + EMA 200 + EMA 50This indicator combines three technical analysis tools: the Bollinger Bands (BB), and two Exponential Moving Averages (EMA) with periods of 200 and 50.
Bollinger Bands (BB): This indicator consists of three lines—the middle line being a simple moving average (SMA), and the upper and lower bands representing two standard deviations above and below the SMA. The width of the bands indicates market volatility, with wider bands signifying higher volatility and narrower bands indicating lower volatility.
Exponential Moving Averages (EMA 200 and EMA 50): The EMA is a type of moving average that gives more weight to recent prices, making it more responsive to price changes than the simple moving average. The EMA 200 is considered a long-term trend indicator, often used to identify the overall direction of the market. The EMA 50 is a medium-term trend indicator, helping to spot more immediate market trends. Crossovers between these two EMAs (such as when EMA 50 crosses above EMA 200) are commonly used as buy or sell signals, with the idea that a short-term trend shift is occurring.
By combining these three indicators, this custom Pine Script aims to give a comprehensive view of the market conditions, helping traders to understand both the volatility (via BB), the long-term market trend (via EMA 200), and the medium-term trend (via EMA 50). The interaction between the price and these indicators, along with crossovers, can be used to identify potential entry and exit points.
Symbol Ratio with Standard Deviation BandsStandard deviations of 1SD, 2SD, 3SD for a set of ticker pair
Moving Averages - Slope Colored Candle//this is an open source code and strictly for educational purpose
// the concept is to identify when the moving average is rising and that too of highs and lows
//since there are various ways to generate signal from moving average but the high or low of MA has much weight of evidence we are using the slope
//THE IDEA IS SIMPLE TO REMAIN RIGHT SIDE OF THE TREND
The Ultimate Destination V1This is The first version of Hybrid indicator "The Ultimate Destination"
Used Indicators:
Number1 : Two Pole Oscillator
Number2 : Amazing Oscillator
Number3 : ATR Stop loss finder
Number4 : Ultimate Bands
Number5 : Renges breakout
EMA Cross CounterEMA Cross Counter – Trend & Crossover Analyzer
🔥 Description
The EMA Cross Counter is an advanced indicator designed to detect price crossovers with the EMA 200 and provide insightful trend analysis. It highlights valid signals and displays success statistics directly on the chart.
🎯 Key Features
✅ Crossover Detection: Identifies moments when the price crosses the EMA 200 upward or downward.
✅ Signal Filtering: Valid signals (leading to sustained trends) are shown in blue, while invalid signals are faded.
✅ Performance Analysis: A statistics table shows the number of crossovers and their success rate.
✅ Dynamic EMA Coloring:
🟢 Green when the trend is bullish
🔴 Red when the trend is bearish
⚪ Gray when the market is in a range
✅ Range Detection: If the price remains within a narrow range for 30 candles, the EMA turns gray to indicate trend uncertainty.
✅ Stop-Loss (SL) Display: A dashed red line appears below sell signals and above buy signals (adjustable in pips).
✅ Automatic Alerts: Get notified when a significant crossover occurs.
📈 How to Use It?
1️⃣ Look for blue signals as potential trade entries.
2️⃣ Avoid trading when the EMA is gray (ranging market).
3️⃣ Use success rate statistics to evaluate crossover reliability.
4️⃣ Adjust SL distance in the settings to match your risk management strategy.
🛠 Customization Options
Adjustable EMA period
Configurable range threshold
SL distance customizable in pips
Enable/Disable alerts
💡 Ideal for scalping and swing trading, this indicator offers clear trend insights to enhance your decision-making process!
💬 Try it out and share your feedback! 🚀
Dual Bollinger Bands (20 & 200)Dual Bollinger Bands (20 & 200) - Enhanced Trading Strategy
Overview
The Dual Bollinger Bands (20 & 200) indicator is an enhanced version of the Double Bollinger Bands by Alixnet. This advanced tool integrates two sets of Bollinger Bands with 20-period (short-term) and 200-period (long-term) moving averages, helping traders identify market trends, volatility, and potential trade setups more effectively.
Key Features
✅ Two Bollinger Band Sets – Short-term (20-period) and Long-term (200-period).
✅ Enable/Disable Each BB – Customize visibility for better analysis.
✅ Multiple Standard Deviations – Identify different levels of volatility.
✅ Background Fill for Clarity – Highlights volatility zones.
How to Use This Indicator Effectively
1. Understanding the Two Bollinger Bands
BB1 (20-Period): Measures short-term price movements and volatility.
BB2 (200-Period): Acts as a long-term trend filter to determine the dominant trend.
2. Trade Entries & Exits
Bullish Trade Setup (Long Entry)
🔹 Price Above 200 MA Basis Line (BB2) – Confirms an uptrend.
🔹 Price Pulls Back to the Lower Band of BB1 (20 MA) – Ideal buy opportunity.
🔹 Confirmation: If price bounces off the lower BB1 band and moves back toward the midline or upper band, enter a long position.
🔹 Exit: When price touches or exceeds the upper BB1 band.
Bearish Trade Setup (Short Entry)
🔹 Price Below 200 MA Basis Line (BB2) – Confirms a downtrend.
🔹 Price Pulls Back to the Upper Band of BB1 (20 MA) – Ideal short opportunity.
🔹 Confirmation: If price gets rejected at the upper BB1 band and moves downward, enter a short position.
🔹 Exit: When price reaches or drops below the lower BB1 band.
3. Avoiding Sideways Markets
❌ Avoid trading when price stays between the two bands of BB1 without breaking out.
❌ Flat 200 MA Line (BB2 Basis) indicates a ranging market – best to wait for a breakout.
✅ Wait for Price to Cross the 200 MA Basis Line to confirm trend direction before entering trades.
4. Catching Trending Moves
✅ Strong Trend Confirmation: When price stays above or below the 20-period BB bands and also above/below the 200-period MA.
✅ Trend Continuation: If price consolidates near the upper or lower bands without breaking opposite levels.
✅ Breakout Confirmation: Look for a candle close outside BB1 bands with momentum to confirm strong moves.
Final Thoughts
The Dual Bollinger Bands (20 & 200) indicator is a powerful tool for both short-term traders and long-term investors. By combining the short-term volatility of the 20-period BB with the long-term trend of the 200-period BB, traders can make more informed trading decisions, filter out noise, and capture high-probability trade setups.
Consecutive Close Tracker (CCT)Consecutive Close Tracker (CCT) Indicator
The Consecutive Close Tracker (CCT) is a powerful momentum and breakout detection tool designed to identify consecutive bullish and bearish closes, potential reversals, and breakout points. By tracking consecutive candle closes and plotting key levels, this indicator provides traders with visual cues to recognize trend continuations, reversals, and breakout opportunities effectively.
🔹 Key Features of CCT
1️⃣ Consecutive Move Lines (Green/Red/Yellow Lines)
Tracks three consecutive bullish or bearish closes.
If the fourth candle confirms the trend, a green line (bullish) or red line (bearish) is drawn.
If the fourth candle fails to confirm, a yellow line is drawn, signaling potential indecision.
Helps traders spot trend continuations and exhaustion points.
2️⃣ Reversal Detection Lines (Cyan & Light Red)
Identifies bullish and bearish reversals based on three higher/lower closes followed by a reversal.
A cyan line indicates a bullish reversal, while a light red line signals a bearish reversal.
Useful for traders looking for trend reversals and key turning points.
3️⃣ Breakout Line (Dynamic Resistance/Support Level)
Automatically calculates a breakout level based on the previous timeframe’s open and close.
Can be customized to use different timeframes (e.g., hourly, daily, weekly).
Acts as a dynamic resistance or support level, helping traders determine breakout opportunities.
🔍 How to Use the Indicator?
✅ 1. Spotting Trend Continuations with Consecutive Move Lines
Green Line: Three consecutive bullish closes followed by a fourth higher close.
🚀 Indicates strong buying pressure & potential uptrend continuation.
Red Line: Three consecutive bearish closes followed by a fourth lower close.
📉 Indicates strong selling pressure & potential downtrend continuation.
Yellow Line: Three consecutive closes, but the fourth candle fails to confirm.
⚠️ Signals possible indecision or trend exhaustion.
🔥 Best Strategy:
If a green line appears near support, consider long entries.
If a red line appears near resistance, consider short entries.
If a yellow line appears, wait for further confirmation before entering a trade.
✅ 2. Identifying Trend Reversals with Reversal Lines
Cyan Line: A bearish trend with three consecutive lower closes, followed by a bullish candle → Possible uptrend reversal.
Light Red Line: A bullish trend with three consecutive higher closes, followed by a bearish candle → Possible downtrend reversal.
🔥 Best Strategy:
If a cyan line appears near a major support level, look for long entry opportunities.
If a light red line appears near resistance, prepare for a potential short entry.
Use these lines in combination with candlestick patterns (e.g., bullish engulfing, pin bars) for confirmation.
✅ 3. Using the Breakout Line for Key Entry & Exit Points
The breakout line represents a key dynamic level (midpoint of the previous timeframe’s open & close).
If price breaks above the breakout line, it suggests bullish momentum → Consider long trades.
If price breaks below the breakout line, it suggests bearish momentum → Consider short trades.
🔥 Best Strategy:
Use the breakout line in combination with support & resistance levels.
When price approaches the breakout line, watch for confirmation candles before entering a trade.
The breakout line can also act as a stop-loss or take-profit level.
🎯 How to Utilize CCT Effectively?
✅ For Intraday Traders
Use the consecutive close tracker on a 5M or 15M chart to catch short-term trends.
Watch for reversal lines near major intraday support/resistance for quick scalping opportunities.
Use the breakout line from the hourly chart to identify potential trend shifts.
✅ For Swing Traders
Apply the indicator on 1H, 4H, or daily charts to track medium-term trends.
Look for green/red lines near key Fibonacci retracement or pivot levels.
Use reversal lines to detect early trend reversals before bigger moves occur.
✅ For Breakout Traders
Focus on the breakout line on higher timeframes (e.g., 1H, 4H, Daily) to identify strong momentum shifts.
If price crosses the breakout line with strong volume, enter trades with trend confirmation.
Place stop-loss just below the breakout level for controlled risk management.
🏆 Final Thoughts
The Consecutive Close Tracker (CCT) is a powerful momentum and reversal indicator that helps traders:
✅ Identify strong trend continuations (green/red lines).
✅ Detect early reversal points (cyan/light red lines).
✅ Use a dynamic breakout line for better trade entries & exits.
Whether you’re an intraday trader, swing trader, or breakout trader, this tool can enhance your market insights and improve your trading decisions. 📈🔥
🚀 Try it out, and integrate it with your strategy to maximize its potential! 🚀
Dual Keltner ChannelsDual Keltner Channels (DKC) Indicator 📊
🔹 About This Indicator
This indicator is an enhanced version of the original Keltner Channel available in TradingView. The Keltner Channel was initially designed as a volatility-based envelope around a moving average, helping traders identify trends, breakouts, and potential reversal zones.
💡 Original Creator: The Keltner Channel concept is based on the work of Chester W. Keltner and was later implemented in various trading platforms, including TradingView’s built-in Keltner Channel indicator.
This script builds upon the TradingView version of the Keltner Channel, adding:
✅ Dual Keltner Bands (Inner & Outer) for better trend and volatility analysis.
✅ Customizable Moving Averages (EMA/SMA) for flexibility.
✅ Multiple Band Calculation Methods (ATR, True Range, Range) for improved accuracy.
✅ Shaded Zones Between the Bands for enhanced visual clarity.
⚡ Credit: This indicator is an enhancement of the original Keltner Channel Indicator in TradingView. All improvements and modifications are made to provide deeper market insights while maintaining the core principles of the original Keltner concept.
🔹 Overview
The Dual Keltner Channels (DKC) indicator overlays two Keltner Channels on the price chart, helping traders spot trends, breakouts, and reversals with greater precision.
Inner Keltner Band (Multiplier 1): Captures normal price movements.
Outer Keltner Band (Multiplier 2): Highlights extreme price movements and potential breakouts.
🔹 Features & Inputs
📌 Main Inputs:
Keltner Channel Length: Defines the lookback period for the moving average calculation.
Source Price: Selects the price type (close, open, high, low) to calculate the bands.
Exponential Moving Average (EMA) Option: Choose between Exponential (EMA) or Simple (SMA) as the basis for calculations.
Bands Style: Selects how the volatility is measured:
Average True Range (ATR) (default)
True Range (TR)
Range (High - Low)
ATR Length: Determines the length of ATR calculations.
Enable Multiplier 1 & 2: Toggle to display/hide inner (multiplier 1) and outer (multiplier 2) bands.
📌 Keltner Channels Calculation:
Moving Average (MA): Uses either EMA or SMA for the midline.
Volatility Band Calculation:
Upper Band 1 (Inner Band): MA + (Multiplier 1 × Volatility Measure)
Lower Band 1 (Inner Band): MA - (Multiplier 1 × Volatility Measure)
Upper Band 2 (Outer Band): MA + (Multiplier 2 × Volatility Measure)
Lower Band 2 (Outer Band): MA - (Multiplier 2 × Volatility Measure)
📌 Visuals & Plotting:
Inner Bands (Multiplier 1): Blue upper & lower lines.
Outer Bands (Multiplier 2): Darker blue upper & lower lines.
Basis Line: White moving average.
Shaded Areas:
Between Upper 1 & Upper 2 (Light Brown Area): Identifies the upper Keltner region.
Between Lower 1 & Lower 2 (Light Brown Area): Identifies the lower Keltner region.
🔹 How to Use the Dual Keltner Channels Indicator
✅ 1. Trend Identification
Price above the upper outer band (Multiplier 2): Strong uptrend – potential continuation.
Price below the lower outer band (Multiplier 2): Strong downtrend – potential continuation.
Price within the inner bands (Multiplier 1): Sideways market – possible consolidation.
✅ 2. Breakout Trading
Break above outer upper band: Indicates a bullish breakout – consider long trades.
Break below outer lower band: Indicates a bearish breakdown – consider short trades.
✅ 3. Overbought & Oversold Conditions
Price touching/exceeding outer bands (Multiplier 2): Potential reversal zones.
Reversal confirmation: Look for candlestick patterns (e.g., Doji, Engulfing) or divergence signals.
✅ 4. Pullback & Entry Zones
Price bouncing from inner bands (Multiplier 1): Good re-entry point in trend direction.
Inner band as support/resistance: Helps in setting stop-loss and profit targets.
🔹 Effective Trading Strategies Using DKC
📌 1. Trend Following Strategy (Using Moving Average & Bands)
✅ Look for price staying above/below the basis line (MA) within the outer bands.
✅ Use pullbacks to the inner bands as re-entry points for trend continuation.
✅ Confirm trend strength with momentum indicators like RSI, MACD.
📌 2. Breakout Trading Strategy
✅ Identify a tight consolidation phase within the inner Keltner bands.
✅ Wait for a strong breakout beyond the outer bands.
✅ Enter long/short trades based on breakout direction.
✅ Place stop-loss at the previous inner band to manage risk.
📌 3. Reversal Strategy (Mean Reversion)
✅ When price extends beyond the outer band (Multiplier 2), look for reversal signals (candlestick patterns, RSI divergence).
✅ Enter counter-trend trades with tight stop-loss beyond the band.
✅ Target the moving average (basis line) as take-profit.
🔹 Final Thoughts 💡
The Dual Keltner Channels (DKC) is a powerful upgrade to the standard Keltner Channel, providing:
✅ Greater clarity on trend strength
✅ More precise breakout & reversal signals
✅ Better visual insights for dynamic market conditions
📌 Best Used With: RSI, MACD, Volume Profile, Price Action Signals.
📌 Works on: Stocks, Forex, Crypto, Commodities, Indices.
Mayer Multiple ZonesMayer Multiple Zones
The Mayer Multiple Zones indicator is a powerful market valuation tool that helps traders identify key price zones based on multiples of the 200-period moving average. Originally inspired by the Bitcoin Mayer Multiple concept, this versatile indicator works across all markets and timeframes to visualize the relative valuation of any asset.
Key Features:
Color-coded valuation zones: Instantly recognize if the current price represents a strong buy opportunity, fair value, or potential bubble territory
Customizable multiplier levels: Adjust all zone thresholds to suit specific markets or trading strategies
Real-time status indicator: Clear market status display showing current valuation zone
Comprehensive information table: View all critical price levels and current multiple at a glance
Multi-timeframe compatible: Works seamlessly across all timeframes while maintaining accurate MA200 reference
Visual zone labeling: Clear labels for each price zone directly on the chart
How to Use:
The indicator divides price action into six distinct zones based on the MA200:
Strong Buy Zone (default: below 0.6x MA200): Extreme undervaluation, historically excellent buying opportunities
Value Buy Zone (default: 0.6x-0.8x MA200): Attractive buying range for long-term value
Accumulation Zone (default: 0.8x-1.0x MA200): Price building strength below the MA200
Fair Value Zone (default: 1.0x-2.0x MA200): Reasonable valuation range
Take Profit Zone (default: 2.0x-2.5x MA200): Overvaluation suggesting partial profit taking
Bubble Zone (default: above 2.5x MA200): Extreme overvaluation, historically unsustainable levels
This indicator serves as both a strategic planning tool for long-term investors and a tactical guide for shorter-term traders, helping identify potential reversal zones and price targets based on historical valuation patterns.
Settings:
MA Length: Adjust the moving average period (default: 200)
Multipliers: Customize each zone threshold to adapt to specific market characteristics
Perfect for all traders seeking to understand relative market valuation across any timeframe.
Dynamic Breakout Master by tradingbauhaus 🌟 Code Description:
This Pine Script implements a trading strategy called "Dynamic Breakout Master" 💥. The core idea of the strategy is to identify breakouts (price movements) at key support 💙 and resistance 🔴 levels, through a dynamic channel that adapts to the market’s conditions. Here's how it works:
🔧 Customizable Input Parameters:
🧭 Pivot Period: This defines the number of bars (candles) to the left and right used to detect pivots (highs and lows) that mark the support and resistance zones.
📊 Data Source: You can choose whether to use highs and lows or closes and opens of the candles to identify the pivots.
📏 Max Channel Width: Specifies the maximum width allowed for the support/resistance channel, expressed as a percentage over the last 300 bars.
💪 Minimum Pivot Strength: This defines the minimum number of pivots needed for a support or resistance level to be considered valid.
🏔 Max Support/Resistance Zones: Limits the number of key zones displayed on the chart.
📅 Lookback Period: Adjusts how many bars back the system should check to find and validate support and resistance levels.
🎨 Custom Colors: You can choose colors for the support, resistance, and in-channel zones.
📉 Moving Averages (MA): The strategy allows adding up to two moving averages (SMA or EMA) to assist in making trading decisions.
📊 Calculating Support/Resistance Levels:
The system uses an algorithm to identify pivots from prices and calculates dynamic support and resistance zones 🔒🔓.
The closer the pivots are and the stronger their influence, the more relevant the zone becomes for the strategy.
The dynamic channel is drawn on the chart, with a maximum width limit for these zones defined by the input parameter.
📈 Trading Logic:
🚀 Identifying Breakouts:
The strategy looks for when the price breaks (breakouts) a resistance or support level.
If the price breaks upward through the resistance level, a buy order 📈 is triggered.
If the price breaks downward through the support level, a sell order 📉 is triggered.
🔔 Alerts:
Resistance Break (ResBreak) and Support Break (SupBreak) alerts are configured to notify users when a significant breakout occurs.
💰 Commissions:
The strategy includes a commission (0.1%) to simulate transaction costs for each trade.
📊 Chart Visualization:
The support and resistance zones are displayed as colored rectangles:
🔴 Resistance (red) and
🔵 Support (blue).
Pivots of support and resistance can be labeled as P (for resistance) and V (for support).
Breakouts of support or resistance levels are marked with triangles that appear on the chart 🔺🔻.
📈 Trading Strategy:
If the price breaks upward through the resistance level, a long position (buy) 📈 is opened.
If the price breaks downward through the support level, a short position (sell) 📉 is opened.
🏆 Conclusion:
This script is a dynamic breakout strategy 💥 that allows traders to capture significant price movements when support or resistance channels break. The customizable parameters let users fine-tune the strategy according to their preferences, while the visual alerts on the chart make it easier to follow trading opportunities. The inclusion of moving averages and key price zones adds an extra layer of analysis to improve decision-making 💡.
FVG Breakout Lite by tradingbauhausExplanation of "FVG Breakout Lite by tradingbauhaus"
This script is a trading strategy built for TradingView that helps you spot and trade "Fair Value Gaps" (FVGs)—price areas where the market moved quickly, leaving a gap that might act as support or resistance later. It’s designed to catch breakout opportunities when the price moves strongly in one direction, with extra filters to make trades more reliable. Here’s how it works and how you can use it:
What It Does
1. Finds Fair Value Gaps (FVGs):
A "Bullish FVG" happens when the price jumps up quickly, leaving a gap below where it didn’t trade much (e.g., today’s low is higher than the high from two bars ago).
A "Bearish FVG" is the opposite: the price drops fast, leaving a gap above (e.g., today’s high is lower than the low from two bars ago).
The script draws colored boxes on your chart to show these gaps: green for bullish, red for bearish.
2. Spots Breakouts:
It looks for "strong" FVGs by comparing them to a trend (based on the highest highs and lowest lows over a set period).
If a bullish gap forms above the recent highs, or a bearish gap below the recent lows, it’s marked as a breakout opportunity.
3. Adds a Volume Check:
Trades only happen if the market’s volume is higher than usual (e.g., 1.2x the average volume over the last 20 bars). This helps ensure the breakout has real momentum behind it.
4. Trades Automatically:
Long Trades (Buy): If a bullish breakout FVG forms and volume is high, it buys at the current price.
Short Trades (Sell): If a bearish breakout FVG forms with high volume, it sells short.
Each trade comes with a stop loss (to limit losses) and a take profit (to lock in gains), both adjustable by you.
5. Shows Mitigation Lines (Optional):
If you turn on "Display Mitigation Zones," it draws lines at the edge of each breakout FVG. These lines show where the price might return to "fill" the gap later, helping you see key levels.
6. Includes Webull Costs:
The script factors in real trading fees from Webull, like tiny SEC and FINRA fees for selling, and a daily margin cost if you’re borrowing money to trade. These don’t show up on the chart but affect the strategy’s performance in backtesting.
How to Use It
1. Add to Your Chart:
Copy the script into TradingView’s Pine Editor, click "Add to Chart," and it’ll start drawing FVGs and running the strategy.
2. Customize Settings:
Trend Period (Default: 25): How many bars it looks back to define the trend. Longer periods mean fewer but stronger signals.
Volume Lookback (Default: 20) & Volume Threshold (Default: 1.2): Adjust how it measures "high volume." Increase the threshold for stricter trades.
Stop Loss % (Default: 1.5%) & Take Profit % (Default: 3%): Set how much you’re willing to lose or aim to gain per trade.
Margin Rate % (Default: 8.74%): Webull’s rate for borrowing money—lower it if your account qualifies for a better rate.
Display Mitigation Zones (Default: On): Toggle this to see or hide the gap lines.
Colors: Change the green (bullish) and red (bearish) shades to suit your chart.
3. Backtest It:
Go to the "Strategy Tester" tab in TradingView to see how it performs on past data. It’ll show trades, profits, losses, and Webull fees included.
4. Watch It Work:
Green boxes mean bullish FVGs; red boxes mean bearish FVGs. If volume spikes and the price breaks out, you’ll see trades happen automatically.
What to Expect
Visuals: You’ll see colored boxes for FVGs and optional lines showing where they start. These help you spot key price zones even if you’re not trading.
Trades: It’s selective—only trades when FVGs align with a breakout and volume confirms it. Expect fewer trades but with higher potential.
Risk: The stop loss keeps losses in check, while the take profit aims for a 2:1 reward-to-risk ratio by default (3% gain vs. 1.5% loss).
Costs: Webull’s fees are small but baked into the results, so you’re seeing a realistic picture of profits.
Tips for Users
Test it on a small timeframe (like 5-minute charts) for day trading or a larger one (like daily) for swing trading.
Play with the volume threshold—if you get too few trades, lower it (e.g., 1.1); if too many, raise it (e.g., 1.5).
Watch how price reacts to the mitigation lines—they’re often support or resistance zones traders target.
This strategy is lightweight, focused, and built for traders who like breakouts with a bit of confirmation. It’s not foolproof (no strategy is!), but it gives you a clear way to trade FVGs with some smart filters.
PAULS DOG HOUSEThe **3 EMA (Exponential Moving Average) Smooth Moving Average** is a technical indicator used in trading to identify trends and potential market reversals with greater accuracy. Unlike a simple moving average (SMA), the **Exponential Moving Average (EMA)** gives more weight to recent price data, making it more responsive to current market conditions. A **3 EMA smooth moving average** applies three EMAs in succession, further refining the signal by reducing noise and smoothing out fluctuations. This method helps traders recognize short-term price movements while filtering out false signals, making it a valuable tool for identifying trends in volatile markets. It is commonly used in forex, stocks, and cryptocurrency trading to enhance decision-making and improve entry and exit strategies.
Mr. Laz's Fibonacci MASmoothed Fibonacci Moving Average
This indicator plots six Fibonacci retracement levels overlaid on the chart, with each level smoothly adjusted using an Exponential Moving Average (EMA). The Fibonacci levels are calculated based on the highest high and lowest low over a user-defined period, and they represent key support and resistance zones that traders often watch for price reversals.
The six Fibonacci retracement levels plotted are:
0% (Fib 0): Top level (representing the highest point in the range).
23.6% (Fib 23.6%)
38.2% (Fib 38.2%)
50% (Fib 50%)
61.8% (Fib 61.8%)
100% (Fib 100): Bottom level (representing the lowest point in the range).
These levels are smoothed using a user-defined Smoothing Length, which helps reduce the "zig-zag" nature of the lines and provides a more gradual, smoother appearance as they follow the price movement. The indicator allows you to adjust the smoothing factor to control how sensitive the lines are to price changes.
The colors of the Fibonacci levels are customizable and are plotted from top to bottom as:
Red (for Fib 100%)
Green (for Fib 23.6%)
Orange (for Fib 38.2%)
White (for Fib 50%)
Blue (for Fib 61.8%)
Purple (for Fib 0%)
This indicator is useful for identifying key support and resistance zones based on Fibonacci retracement levels, with the added benefit of smoothing to make the lines more visually appealing and less prone to sudden shifts.
Sweep and Reversal IndicatorLiquidity Sweep Detection
Identifies a wick that sweeps a recent high (for shorts) or low (for longs).
Looks for a quick rejection, meaning the price should return inside the range.
Confirmation of Reversal
The entry signal will be generated when a candle closes back inside the range after the sweep.
Entry & Stop-loss Markers
Entry at the close of the confirmation candle.
Stop-loss above the recent high (for shorts) or below the recent low (for longs).
Enhanced Keltner Channels [victhoreb]The Enhanced Keltner Channels indicator is a dynamic, volatility-based tool designed to adapt to changing market conditions. It uses a combination of linear regression and a refined volatility measurement to generate a smooth central trend line and adaptive channel boundaries.
Central Basis Line:
The indicator computes a basis line using a linear regression of the mid-price (hl2) over a user-defined period. This provides a more stable and trend-sensitive central reference compared to traditional moving averages.
Adaptive Channel:
Instead of using the typical Average True Range (ATR) to calculate the bands, this version uses the average distance between the price and the basis.
Use the Enhanced Keltner Channels to help identify potential breakout opportunities, assess market volatility, and refine your entry and exit strategies based on dynamically changing price behavior.
Buy & Sell Signal Indicator based on 9 ema Script Summary: Buy & Sell Signal Indicator
This Pine Script v5 indicator is designed to generate buy and sell signals based on the relationship between the 9-period EMA (Exponential Moving Average) and trend structure (higher highs, higher lows for buy signals; lower highs, lower lows for sell signals).
Main Components:
9 EMA Calculation
ema9 = ta.ema(close, 9)
Acts as a trend filter for trade signals.
Trend Identification:
Higher Highs & Higher Lows → Indicates an uptrend
Lower Highs & Lower Lows → Indicates a downtrend
Buy Signal Condition:
close > ema9 and close > ema9 (above EMA)
Presence of higher highs and higher lows
Indicates a bullish trend → Plots a green "BUY" label below bars.
Sell Signal Condition:
close < ema9 and close < ema9 (below EMA)
Presence of lower highs and lower lows
Indicates a bearish trend → Plots a red "SELL" label above bars.
Chart Visuals:
Green "BUY" label below bars for buy signals.
Red "SELL" label above bars for sell signals.
Blue 9 EMA line for trend reference.
Usage & Interpretation:
Buy signals suggest potential long entries in an uptrend.
Sell signals suggest potential short entries in a downtrend.
Works best in trending markets rather than ranging conditions.
No Trading Zone IndicatorTrend indicator based on EMA chanels.
Asset is trending when outside the grey area.
PEMA + VWAP with Bandsertainly! Below is a detailed description of the PEMA + VWAP with Bands indicator, including its components, purpose, and how traders can use it effectively.
Indicator Description: PEMA + VWAP with Bands
This indicator combines two powerful technical analysis tools:
PEMA (Percentage Price Exponential Moving Average) – A set of EMAs (Exponential Moving Averages) with customizable lengths.
VWAP (Volume Weighted Average Price) – A dynamic average price weighted by volume, along with optional standard deviation bands.
The combination of these tools provides traders with a comprehensive view of price trends, support/resistance levels, and potential entry/exit points.
Components of the Indicator
1. PEMA (EMAs):
EMA 21: A short-term EMA that reacts quickly to price changes.
EMA 34: A medium-term EMA that smooths out price fluctuations.
EMA 55: A long-term EMA that provides a broader view of the trend.
Fills Between EMAs:
The area between EMA 21 and EMA 34 is filled with a semi-transparent green color.
The area between EMA 34 and EMA 55 is filled with a semi-transparent red color.
Purpose:
Helps identify the trend direction (uptrend, downtrend, or sideways).
Provides dynamic support and resistance levels.
Crossovers between EMAs can signal potential entry or exit points.
2. VWAP (Volume Weighted Average Price):
VWAP Line: A dynamic average price that reflects the cumulative price-volume relationship.
Bands:
Up to three optional bands can be plotted around the VWAP line.
The bands are calculated using either standard deviation or percentage multipliers.
Bands can act as dynamic support/resistance levels or overbought/oversold zones.
Purpose:
Helps identify the fair value of an asset based on volume-weighted price.
Useful for intraday trading, as it resets at the start of each session (or other anchor periods).
Bands provide additional context for volatility and potential reversal points.
Key Features
Customizable Inputs:
PEMA Lengths: Adjust the lengths of the EMAs (default: 21, 34, 55).
VWAP Anchor Period: Choose the reset period for VWAP (e.g., session, week, month).
Bands Multipliers: Customize the distance of the bands from the VWAP line.
Bands Calculation Mode: Choose between standard deviation or percentage-based bands.
Visual Enhancements:
EMAs are plotted in distinct colors (red, green, blue) for easy identification.
Fills between EMAs provide a visual representation of the trend strength.
VWAP and its bands are plotted in blue, green, olive, and teal for clarity.
Dynamic and Responsive:
The VWAP recalculates dynamically based on the selected anchor period.
The EMAs adapt to price changes, providing real-time trend analysis.
How to Use the Indicator
1. Trend Identification:
Uptrend: Price is above the EMAs, and EMAs are stacked in ascending order (EMA 21 > EMA 34 > EMA 55).
Downtrend: Price is below the EMAs, and EMAs are stacked in descending order (EMA 21 < EMA 34 < EMA 55).
Sideways Market: EMAs are flat and intertwined, indicating consolidation.
2. Support and Resistance:
The EMAs and VWAP can act as dynamic support/resistance levels.
Look for price reactions (bounces or breaks) at these levels.
3. Entry and Exit Signals:
EMA Crossovers:
A bullish signal occurs when a shorter EMA crosses above a longer EMA (e.g., EMA 21 crossing above EMA 34).
A bearish signal occurs when a shorter EMA crosses below a longer EMA (e.g., EMA 21 crossing below EMA 34).
VWAP and Bands:
Price crossing above the VWAP line can signal a bullish trend.
Price crossing below the VWAP line can signal a bearish trend.
Price touching the upper or lower bands may indicate overbought or oversold conditions.
4. Volatility Analysis:
Wider VWAP bands indicate higher volatility.
Narrower bands indicate lower volatility.
5. Intraday Trading:
Use the VWAP as a benchmark for intraday trades. Prices above VWAP may indicate bullish sentiment, while prices below VWAP may indicate bearish sentiment.
Example Use Cases
Trend Following:
In an uptrend, look for buying opportunities when the price pulls back to the EMAs or VWAP line.
In a downtrend, look for selling opportunities when the price rallies to the EMAs or VWAP line.
Mean Reversion:
If the price deviates significantly from the VWAP (e.g., touching the upper or lower bands), consider a mean reversion trade.
Breakout Trading:
A breakout above the upper band or below the lower band may indicate a strong trend continuation.
Advantages of the Indicator
Combines trend-following (PEMA) and volume-weighted (VWAP) analysis.
Provides dynamic support/resistance levels.
Customizable to suit different trading styles and timeframes.
Visual enhancements (fills, colors) make it easy to interpret.
Limitations
EMAs and VWAP are lagging indicators, so they may not predict future price movements accurately.
In highly volatile markets, the bands may widen significantly, reducing their effectiveness as support/resistance levels.
This indicator is a versatile tool for traders who want to combine trend analysis with volume-weighted price action. Let me know if you need further clarification or enhancements! 🚀
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Vertical Lines at Specific Times### **Script Description**
This **Pine Script v6** indicator for **TradingView** plots **vertical dotted lines** at user-specified times, marking key time ranges during the day. It is designed to help traders visually track market movements within specific timeframes.
#### **Features:**
✔ **Custom Timeframes:**
- Two separate time ranges can be defined:
- **Morning Session:** (Default: 9 AM - 10 AM, New York Time)
- **Evening Session:** (Default: 9 PM - 10 PM, New York Time)
✔ **Adjustable Line Properties:**
- **Line Width:** Users can change the thickness of the vertical lines.
- **Line Colors:** Users can select different colors for morning and evening session lines.
✔ **New York Local Time Support:**
- Ensures that the vertical lines appear correctly based on **Eastern Time (ET)**.
✔ **Full-Height Vertical Lines:**
- Lines extend across the **entire chart**, from the highest high to the lowest low, for clear visibility.
- Uses **dotted line style** to avoid cluttering the chart.
#### **How It Works:**
1. The script retrieves the **current date** (year, month, day) in **New York time**.
2. Converts the **user-defined input times** into **timestamps** for accurate placement.
3. When the current time matches a specified session time, a **dotted vertical line** is drawn.
4. The script **repeats this process daily**, ensuring automatic updates.
#### **Customization Options (Inputs):**
- **Morning Start & End Time** (Default: 9 AM - 10 AM)
- **Evening Start & End Time** (Default: 9 PM - 10 PM)
- **Line Width** (Default: 2)
- **Morning Line Color** (Default: Blue)
- **Evening Line Color** (Default: Green)
#### **Use Case Scenarios:**
📈 Marking market **open & close** hours.
📊 Highlighting **key trading sessions** for day traders.
🔎 Identifying time-based **price action patterns**.
Bollinger Bands with EMA, RSI & MACDSummary of the Script:
This Pine Script strategy combines Bollinger Bands, EMA, RSI, MACD, and ATR to generate high-accuracy buy/sell signals with slightly early entries.
Key Indicators Used:
Bollinger Bands (BB) – Identifies price volatility and trends.
Exponential Moving Averages (EMA) – Includes a 9-period EMA and a faster 5-period EMA to detect short-term trends.
Relative Strength Index (RSI, 9) – Measures momentum; buy signals trigger when RSI > 55, sell when RSI < 45.
MACD (12, 26, 9) – Confirms trend direction and momentum; checks for MACD-line crossover and slope.
ATR (14) – Filters out weak signals; only allows trades when volatility is above 1.1x ATR SMA.
Trend Confirmation (Higher Highs & Lower Lows) – Ensures signals align with market structure.
How Signals are Generated:
Buy Condition:
Fast EMA crosses above BB middle (3-4 candles earlier)
RSI above 55
MACD Line above Signal Line, and MACD slope positive
ATR filter confirms strong volatility
Market in an uptrend (higher highs)
Sell Condition:
Fast EMA crosses below BB middle (3-4 candles earlier)
RSI below 45
MACD Line below Signal Line, and MACD slope negative
ATR filter confirms strong volatility
Market in a downtrend (lower lows)
Output on the Chart:
Green "BUY" label below bars when a buy signal is triggered.
Red "SELL" label above bars when a sell signal is triggered.
Goal:
This script optimizes early entries (3-4 candles prior) while maintaining high accuracy and filtering out false signals using multiple confirmations. 🚀
Moving Average Exponential with Buy/Sell SignalsThis indicator is on experimental basis and we highly recommend you to use this and tell us how this goes
