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Bands and Channels

ATR RopeATR Rope is inspired by DonovanWall's "Range Filter". It implements a similar concept of filtering out smaller market movements and adjusting only for larger moves. In addition, this indicator goes one step deeper by producing actionable zones to determine market state. (Trend vs. Consolidation) > Background When reading up on the Range Filter indicator, it reminded me exactly of a Rope stabilization drawing tool in a program I use frequently. Rope stabilization essentially attaches a fixed length "rope" to your cursor and an anchor point (Brush). As you move your cursor, you are pulling the brush behind it. The cursor (of course) will not pull the brush until the rope is fully extended, this behavior filters out jittery movements and is used to produce smoother drawing curves. If compared visually side-by-side, you will notice that this indicator bears striking resemblance to its inspiration. > Goal Other than simply distinguishing price movements between meaningful and noise, this indicator strives to create a rigid structure to frame market movements and lack-there-of, such as when to anticipate trend, and when to suspect consolidation. Since the indicator works based on an ATR range, the resulting ATR Channel does well to get reactions from price at its extremes. Naturally, when consolidating, price will remain within the channel, neither pushing the channel significantly up or down. Likewise, when trending, price will continue to push the channel in a single direction. With the goal of keeping it quick and simple, this indicator does not do any smoothing of data feeds, and is simply based on the deviation of price from the central rope. Adjusting the rope when price extends past the threshold created by +/- ATR from the rope. > Features & Behaviors - ATR Rope ATR Rope is displayed as a 3 color single line. This can be considered the center line, or the directional line, whichever you'd prefer. The main point of the Rope display is to indicate direction, however it also is factually the center of the current working range. - ATR Rope Color When the rope's value moves up, it changes to green (uptrend), when down, red (downtrend). When the source crosses the rope, it turns blue (flat). With these simple rules, we've formed a structure to view market movements. - Consolidation Zones Consolidation Zones generate from "Flat" areas, and extend into subsequent trend areas. Consolidation is simply areas where price has crossed the Rope and remains inside the range. Over these periods, the upper and lower values are accumulated and averaged together to form the "Consolidation Zone" values. These zones are draw live, so values are averaged as the flat areas progress and don't repaint, so all values seen historically are as they would appear live. - ATR Channel ATR Channel displays the upper and lower bounds of the working range. When the source moves beyond this range, the rope is adjusted based on the distance from the source to the channel. This range can be extremely useful to view, but by default it is hidden. > Application This indicator is not created to provide signals, or serve as a "complete" system. (People who didn't read this far will still comment for signals. :) ) This is created to be used alongside manual interpretation and intuition. This indicator is not meant to constrain any users into a box, and I would actually encourage an open mind and idea generation, as the application of this indicator can take various forms. > Examples As you would probably already know, price movement can be fast impulses, and movement can be slow bleeds. In the screenshot below, we are using movements from and to consolidation zones to classify weak trend and strong trend. As you can see, there are also areas of consolidation which get broken out of and confirmed for the larger moves. Author's Note: In each of these examples, I have outlined the start and end of each session. These examples come from 1 Min Future charts, and have specifically been framed with day trading in mind. "Breakout Retest" or "Support/Resistance Flips" or "Structure Retests" are all generally the same thing, with different traders referring to them by different names, all of which can be seen throughout these examples. In the next example, we have a day which started with an early reversal leading into long, slow, trend. Notice how each area throughout the trend essentially moves slightly higher, then consolidates while holding support of the previous zone. This day had a few sharp movements, however there was a large amount of neutrality throughout this day with continuous higher lows. In contrast to the previous example, next up, we have a very choppy day. Throughout which we see a significant amount of retests before fast directional movements. We also see a few examples of places where previous zones remained relevant into the future. While the zones only display into the resulting trend area, they do not become immediately meaningless once they stop drawing. > Abstract In the screenshot below, I have stacked 2 of these indicators, using the high as the source for one and the low as the source for the other. I've hidden lines of the high and low channels to create a 4 lined channel based on the wicks of price. This is not necessary to use the indicator, but should help provide an idea of creative ways the simple indicator could be used to produce more complicated analysis. If you've made it this far, I would hope it's clear to you how this indicator could provide value to your trading. Thank you to DonovonWall for the inspiration. Enjoy!
Pine Script® indicator
by SamRecio
7
Euclidean Range [InvestorUnknown]The Euclidean Range indicator visualizes price deviation from a moving average using a geometric concept Euclidean distance. It helps traders identify trend strength, volatility shifts, and potential overextensions in price behavior. Euclidean Distance Euclidean distance is a fundamental concept in geometry and machine learning. It measures the "straight-line distance" between two points in space. In time series analysis, it can be used to measure how far one sequence deviates from another over a fixed window. euclidean_distance(src, ref, len) => var float sum_sq_diff = na sum_sq_diff := 0.0 for i = 0 to len - 1 diff = src - ref sum_sq_diff += diff * diff math.sqrt(sum_sq_diff) In this script, we calculate the Euclidean distance between the price (source) and a smoothed average (reference) over a user-defined window. This gives us a single scalar that reflects the overall divergence between price and trend. How It Works Moving Average Calculation: You can choose between SMA, EMA, or HMA as your reference line. This becomes the "baseline" against which the actual price is compared. Distance Band Construction: The Euclidean distance between the price and the reference is calculated over the Window Length. This value is then added to and subtracted from the average to form dynamic upper and lower bands, visually framing the range of deviation. Distance Ratios and Z-Scores: Two distance ratios are computed: dist_r = distance / price (sensitivity to volatility); dist_v = price / distance (sensitivity to compression or low-volatility states) Both ratios are normalized using a Z-score to standardize their behavior and allow for easier interpretation across different assets and timeframes. Z-Score Plots: Z_r (white line) highlights instances of high volatility or strong price deviation; Z_v (red line) highlights low volatility or compressed price ranges. Background Highlighting (Optional): When Z_v is dominant and increasing, the background is colored using a gradient. This signals a possible build-up in low volatility, which may precede a breakout. Use Cases Detect volatile expansions and calm compression zones. Identify mean reversion setups when price returns to the average. Anticipate breakout conditions by observing rising Z_v values. Use dynamic distance bands as adaptive support/resistance zones. Notes The indicator is best used with liquid assets and medium-to-long windows. Background coloring helps visually filter for squeeze setups. Disclaimer This indicator is provided for speculative analysis and educational purposes only. It is not financial advice. Always backtest and evaluate in a simulated environment before live trading.
Pine Script® indicator
by InvestorUnknown
1
Linear Regression Channel Pro# Linear Regression Channel Pro - Script Description ## English Description ### What it does The **Linear Regression Channel Pro** is a technical analysis indicator that creates a statistical channel around price movements using linear regression mathematics. The script calculates the best-fit line through a specified number of price bars and then adds parallel boundaries based on standard deviation calculations. ### Key Features - **Main Regression Line**: Shows the statistical trend direction of the price over the selected period - **Channel Boundaries**: Upper and lower bands that contain most price movements (typically 95% when using 2.0 multiplier) - **Inner Boundaries**: Additional reference lines for more precise analysis - **Future Projection**: Extends all lines into the future to show potential price paths - **Customizable Parameters**: Adjustable period length, deviation multipliers, and projection distance ### How it works 1. **Data Collection**: Gathers price data over the specified regression length (default 400 bars) 2. **Linear Regression**: Calculates the mathematical best-fit line through the price data 3. **Standard Deviation**: Measures how much prices deviate from the regression line 4. **Channel Creation**: Creates parallel lines above and below the regression line 5. **Future Projection**: Extends the channel into the future using the same slope ### Statistical Foundation and Band Settings **The 68-95-99.7 Rule** The indicator is based on the statistical principle that in a normal distribution: - **1 Standard Deviation (σ)**: Contains approximately **68%** of price movements - **2 Standard Deviations (σ)**: Contains approximately **95%** of price movements - **3 Standard Deviations (σ)**: Contains approximately **99.7%** of price movements **Outer Bands (Default 2.0 Multiplier)** - **Coverage**: Approximately **95%** of price movements - **Meaning**: Only 5% of price action should exceed these bands - **Usage**: Identification of extreme overbought/oversold conditions - **Signal**: Touching outer bands often indicates potential reversal points **Inner Bands (Default 1.0 Multiplier)** - **Coverage**: Approximately **68%** of price movements - **Meaning**: 32% of movements can normally exceed these bands - **Usage**: Identification of significant but not extreme price moves - **Signal**: Breaking inner bands suggests meaningful directional movement ### Recommended Settings by Market Type **Standard Configuration** ``` - Outer Bands: 2.0 (95% coverage) - Inner Bands: 1.0 (68% coverage) ``` **High Volatility Markets (Crypto, Emerging Markets)** ``` - Outer Bands: 2.5-3.0 (99%+ coverage) - Inner Bands: 1.5 (85% coverage) ``` **Low Volatility Markets (Major Forex, Blue Chip Stocks)** ``` - Outer Bands: 1.5 (86% coverage) - Inner Bands: 0.5 (38% coverage) ``` ### Trading Applications **Trend Analysis** - The slope of the regression line indicates the overall trend direction - Steep slopes suggest strong trends, flat slopes suggest consolidation - Price above center line = bullish bias, below = bearish bias **Support and Resistance Levels** - **Inner bands**: Act as first level support/resistance (68% probability) - **Outer bands**: Act as strong support/resistance (95% probability) - **Dynamic levels**: Bands adjust automatically to market conditions **Entry and Exit Strategies** *Using Inner Bands (1.0σ):* - **Breakout signals**: Price breaking through inner bands with volume confirms direction - **Pullback entries**: Price returning to inner band after breakout offers entry opportunity - **Range trading**: Price oscillating between inner bands suggests consolidation *Using Outer Bands (2.0σ):* - **Reversal signals**: Price touching outer bands often indicates exhaustion - **Extreme conditions**: Only 5% of movements reach these levels - **Profit taking**: Consider closing positions when price reaches outer bands **Risk Management Applications** - **Stop Loss Placement**: Use opposite band as stop level (high probability of not being hit randomly) - **Position Sizing**: Wider channels = higher volatility = smaller position sizes - **Risk/Reward**: Measure potential moves using band distances **Future Planning with Projections** - **Target Setting**: Orange projection lines show potential future support/resistance - **Trade Duration**: Plan holding periods based on projected channel direction - **Market Timing**: Anticipate when price might reach significant levels ### Practical Trading Examples **Bullish Trend Scenario** 1. Price consistently above center line (trend confirmed) 2. Bounces from inner lower band = re-entry opportunity 3. Reaching outer upper band = consider profit taking 4. Break above outer upper band = potential trend acceleration **Range-Bound Market** 1. Price oscillates between inner bands = range trading mode 2. Sell near inner upper band, buy near inner lower band 3. Breakout from outer bands = range breakout signal **Bearish Trend Scenario** 1. Price consistently below center line (downtrend confirmed) 2. Bounces from inner upper band = short entry opportunity 3. Reaching outer lower band = potential oversold bounce 4. Break below outer lower band = trend continuation likely ### Best Practices and Tips - **Timeframe Selection**: Use higher timeframes (4H, Daily) for more reliable statistical significance - **Confirmation**: Combine with volume analysis and other indicators - **Market Adaptation**: Adjust multipliers based on asset volatility characteristics - **Regression Length**: Shorter periods (100-200) for reactive signals, longer (400-800) for stable trends - **False Breakouts**: Wait for close beyond bands rather than just touching - **Volume Confirmation**: Higher volume on band breakouts increases signal reliability --- ## Descrizione Italiana ### Cosa fa Il **Linear Regression Channel Pro** è un indicatore di analisi tecnica che crea un canale statistico intorno ai movimenti di prezzo utilizzando la matematica della regressione lineare. Lo script calcola la linea di miglior adattamento attraverso un numero specificato di barre di prezzo e aggiunge quindi confini paralleli basati sui calcoli della deviazione standard. ### Caratteristiche Principali - **Linea di Regressione Principale**: Mostra la direzione statistica del trend del prezzo nel periodo selezionato - **Confini del Canale**: Bande superiori e inferiori che contengono la maggior parte dei movimenti di prezzo (tipicamente il 95% usando il moltiplicatore 2.0) - **Confini Interni**: Linee di riferimento aggiuntive per un'analisi più precisa - **Proiezione Futura**: Estende tutte le linee nel futuro per mostrare potenziali percorsi di prezzo - **Parametri Personalizzabili**: Lunghezza del periodo, moltiplicatori di deviazione e distanza di proiezione regolabili ### Come Funziona 1. **Raccolta Dati**: Raccoglie i dati di prezzo per la lunghezza di regressione specificata (default 400 barre) 2. **Regressione Lineare**: Calcola matematicamente la linea di miglior adattamento attraverso i dati di prezzo 3. **Deviazione Standard**: Misura quanto i prezzi si discostano dalla linea di regressione 4. **Creazione del Canale**: Crea linee parallele sopra e sotto la linea di regressione 5. **Proiezione Futura**: Estende il canale nel futuro usando la stessa pendenza ### Fondamenti Statistici e Impostazione delle Bande **La Regola 68-95-99.7** L'indicatore si basa sul principio statistico che in una distribuzione normale: - **1 Deviazione Standard (σ)**: Contiene circa il **68%** dei movimenti di prezzo - **2 Deviazioni Standard (σ)**: Contiene circa il **95%** dei movimenti di prezzo - **3 Deviazioni Standard (σ)**: Contiene circa il **99.7%** dei movimenti di prezzo **Bande Esterne (Moltiplicatore Default 2.0)** - **Copertura**: Circa il **95%** dei movimenti di prezzo - **Significato**: Solo il 5% dell'azione di prezzo dovrebbe superare queste bande - **Utilizzo**: Identificazione di condizioni estreme di ipercomprato/ipervenduto - **Segnale**: Il tocco delle bande esterne spesso indica potenziali punti di inversione **Bande Interne (Moltiplicatore Default 1.0)** - **Copertura**: Circa il **68%** dei movimenti di prezzo - **Significato**: Il 32% dei movimenti può normalmente superare queste bande - **Utilizzo**: Identificazione di movimenti di prezzo significativi ma non estremi - **Segnale**: La rottura delle bande interne suggerisce un movimento direzionale significativo ### Impostazioni Raccomandate per Tipo di Mercato **Configurazione Standard** ``` - Bande Esterne: 2.0 (copertura 95%) - Bande Interne: 1.0 (copertura 68%) ``` **Mercati ad Alta Volatilità (Crypto, Mercati Emergenti)** ``` - Bande Esterne: 2.5-3.0 (copertura 99%+) - Bande Interne: 1.5 (copertura 85%) ``` **Mercati a Bassa Volatilità (Forex Maggiori, Azioni Blue Chip)** ``` - Bande Esterne: 1.5 (copertura 86%) - Bande Interne: 0.5 (copertura 38%) ``` ### Applicazioni nel Trading **Analisi del Trend** - La pendenza della linea di regressione indica la direzione generale del trend - Pendenze ripide suggeriscono trend forti, pendenze piatte suggeriscono consolidamento - Prezzo sopra la linea centrale = bias rialzista, sotto = bias ribassista **Livelli di Supporto e Resistenza** - **Bande interne**: Agiscono come supporto/resistenza di primo livello (probabilità 68%) - **Bande esterne**: Agiscono come supporto/resistenza forte (probabilità 95%) - **Livelli dinamici**: Le bande si adattano automaticamente alle condizioni di mercato **Strategie di Entrata e Uscita** *Usando le Bande Interne (1.0σ):* - **Segnali di breakout**: Il prezzo che rompe le bande interne con volume conferma la direzione - **Entrate su pullback**: Il prezzo che ritorna alla banda interna dopo un breakout offre opportunità di entrata - **Range trading**: Il prezzo che oscilla tra bande interne suggerisce consolidamento *Usando le Bande Esterne (2.0σ):* - **Segnali di inversione**: Il prezzo che tocca le bande esterne spesso indica esaurimento - **Condizioni estreme**: Solo il 5% dei movimenti raggiunge questi livelli - **Presa di profitto**: Considera di chiudere posizioni quando il prezzo raggiunge le bande esterne **Applicazioni di Gestione del Rischio** - **Posizionamento Stop Loss**: Usa la banda opposta come livello di stop (alta probabilità di non essere colpito casualmente) - **Dimensionamento Posizioni**: Canali più larghi = volatilità maggiore = posizioni più piccole - **Rischio/Rendimento**: Misura i movimenti potenziali usando le distanze delle bande **Pianificazione Futura con Proiezioni** - **Impostazione Target**: Le linee di proiezione arancioni mostrano potenziali supporti/resistenze futuri - **Durata del Trade**: Pianifica i periodi di detenzione basandoti sulla direzione del canale proiettato - **Timing di Mercato**: Anticipa quando il prezzo potrebbe raggiungere livelli significativi ### Esempi Pratici di Trading **Scenario Trend Rialzista** 1. Prezzo costantemente sopra la linea centrale (trend confermato) 2. Rimbalzi dalla banda interna inferiore = opportunità di re-entrata 3. Raggiungimento banda esterna superiore = considera presa di profitto 4. Rottura sopra banda esterna superiore = potenziale accelerazione del trend **Mercato in Range** 1. Prezzo oscilla tra bande interne = modalità range trading 2. Vendi vicino alla banda interna superiore, compra vicino a quella inferiore 3. Breakout dalle bande esterne = segnale di rottura del range **Scenario Trend Ribassista** 1. Prezzo costantemente sotto la linea centrale (downtrend confermato) 2. Rimbalzi dalla banda interna superiore = opportunità di short 3. Raggiungimento banda esterna inferiore = potenziale rimbalzo da ipervenduto 4. Rottura sotto banda esterna inferiore = probabile continuazione del trend ### Migliori Pratiche e Consigli - **Selezione Timeframe**: Usa timeframe più alti (4H, Giornaliero) per maggiore significatività statistica - **Conferma**: Combina con analisi del volume e altri indicatori - **Adattamento al Mercato**: Regola i moltiplicatori in base alle caratteristiche di volatilità dell'asset - **Lunghezza Regressione**: Periodi più corti (100-200) per segnali reattivi, più lunghi (400-800) per trend stabili - **Falsi Breakout**: Aspetta la chiusura oltre le bande piuttosto che solo il tocco - **Conferma del Volume**: Volume più alto sui breakout delle bande aumenta l'affidabilità del segnale
Pine Script® indicator
by Egoio88
Fallback VWAP (No Volume? No Problem!) – Yogi365Fallback VWAP (No Volume? No Problem!) – Yogi365 This script plots Daily, Weekly, and Monthly VWAPs with ±1 Standard Deviation bands. When volume data is missing or zero (common in indices or illiquid assets), it automatically falls back to a TWAP-style calculation, ensuring that your VWAP levels always remain visible and accurate. Features: Daily, Weekly, and Monthly VWAPs with ±1 Std Dev bands. Auto-detection of missing volume and seamless fallback. Clean, color-coded trend table showing price vs VWAP/bands. Uses hlc3 for VWAP source. Labels indicate when fallback is used. Best Used On: Any asset or index where volume is unavailable. Intraday and swing trading. Works on all timeframes but optimized for overlay use. How it Works: If volume == 0, the script uses a constant fallback volume (1), turning the VWAP into a TWAP (Time-Weighted Average Price) — still useful for intraday or index-based analysis. This ensures consistent plotting on instruments like indices (e.g., NIFTY, SENSEX,DJI etc.) which might not provide volume on TradingView.
Pine Script® indicator
by YOGI365
1
Oculus Session LevelsOculus Session Levels The Oculus Session Levels indicator is designed to help traders track key price levels during important market sessions: Pre-Market, Futures, and the New York Open. By marking these levels on your chart, it provides clear reference points for potential price action and breakout opportunities as the market progresses through its various phases. Key Features: Pre-Market High & Low: The indicator calculates and displays the highest and lowest prices during the pre-market session (from 4:00 AM to 9:30 AM EST). These levels are important for gauging potential support or resistance when the market opens. Futures First Hour High & Low: It tracks the first hour of futures trading (from 6:00 PM to 7:00 PM EST), marking the high and low levels that can serve as important reference points for the following trading day. New York Open High & Low: The indicator also tracks the high and low during the first hour of the New York market open (from 9:30 AM to 10:30 AM EST), providing critical levels that traders use to identify trends or reversals in the early stages of the trading day. How to Use: Pre-Market High & Low: These levels are calculated before the regular market opens. Price movements near these levels after the market opens may indicate potential breakout or reversal zones. Futures High & Low: These levels track the overnight futures session. The price range within this session can provide insight into how the market might behave during regular trading hours. NY Open High & Low: The first hour of the New York session is critical for establishing market direction. Prices near these levels can signify the start of a strong trend or possible pullback. Visual Representation: Pre-Market High & Low: Plotted in blue. Futures High & Low: Plotted in orange. NY Open High & Low: Plotted in green. These levels are updated daily, providing fresh insights based on the latest market data. The Oculus Session Levels indicator gives traders a simple but powerful tool for understanding market context and planning their trades more effectively.
Pine Script® indicator
by OnlyOneOculus
Oculus Quantum RangeOculus Quantum Range The Oculus Quantum Range is a sophisticated indicator designed to track dynamic support and resistance levels, based on market volatility and price action. It uses the Average True Range (ATR) to define a dynamic range, giving traders powerful breakout and breakdown targets for more informed decision-making. Key Features: Dynamic Support & Resistance Levels: The indicator calculates key dynamic levels using the highest high and lowest low over a user-defined period (default: 20 bars). These levels adjust according to market volatility, helping to reflect current market conditions. Breakout & Breakdown Targets: The system calculates breakout and breakdown targets based on the ATR, adding flexibility to the classic support and resistance levels. The targets are plotted above and below the dynamic range. Volume Confirmation: The breakout and breakdown targets are confirmed when there is a spike in volume, enhancing the reliability of these trade signals. Pivot Levels: The middle level (pivot) is plotted as the average of the highest high and the lowest low over the range period, offering an additional reference point for traders. How to Use: Breakout Entry: When the price crosses above the Dynamic Top Line (Resistance), a breakout is considered. The breakout target is calculated and plotted above the resistance level. A confirmed breakout is when the price crosses the resistance with volume higher than the 20-period volume average. Breakdown Entry: When the price crosses below the Dynamic Bottom Line (Support), a breakdown is considered. The breakdown target is calculated and plotted below the support level. A confirmed breakdown is when the price crosses the support with volume higher than the 20-period volume average. Pivot Zone: The middle level (pivot) acts as a reference zone, showing potential areas where price action may pause or reverse before continuing toward breakout or breakdown targets. Alert Conditions: Breakout Alert: Triggered when the price crosses above the dynamic top line (resistance). Breakdown Alert: Triggered when the price crosses below the dynamic bottom line (support). Visualization: The Dynamic Top Line (Resistance) is plotted in red. The Middle Level (Pivot) is plotted in blue. The Dynamic Bottom Line (Support) is plotted in green. Breakout Targets are plotted in purple above the resistance, and Breakdown Targets are plotted in orange below the support. Confirmed Breakout/Breakdown are marked with green and red lines respectively, and the background will change to green or red for a visual cue. This indicator is perfect for traders looking to make timely decisions based on price action, volatility, and volume. It’s ideal for identifying potential breakout and breakdown opportunities with clear, dynamic targets.
Pine Script® indicator
by OnlyOneOculus
Hot Zones Indicator [ChartPrime]Hot Zones (Basic) is a precision-engineered confluence detection system that identifies statistically significant price reaction zones by mapping retracement levels enriched with structural, volumetric, and momentum-based overlays. In contrast to static Fibonacci tools, this system dynamically synchronizes a custom volume-weighted average price inspired overlay and localized oscillator signals to produce probabilistically favorable “hot zones” that respond to real-time market structure. These zones are visually enhanced when multiple dimensions of market confluence align—such as volume-weighted price agreement, structural symmetry, and volatility-based momentum extremes—allowing for immediate prioritization of high-probability reaction areas. Core Concept The system autonomously detects impulse-correction phases within the price series using directional breakout logic and multi-bar structural analysis. Once a valid trend leg is established, standard retracement levels are plotted along the vector. These levels are continuously evaluated against live price interaction, volume alignment, and momentum state. Swing Initialization Logic Automated Structural Anchoring: Swing points are detected using fractal pivot analysis and breakout validation. The tool anchors retracement vectors to recent directional legs with the highest structural integrity. Volume-Weighted Price Confluence Two VWAP-derived overlays are applied: Anchored Volume Level: Derived from the origin of the leg, reflecting the volume-weighted cost basis of major participants over the structural phase. Internal VWAP: Triggered on intermediate pullbacks, mapping localized institutional activity through recursive anchoring logic. When either curve aligns with a retracement level under live market conditions, the level is flagged as a high-confluence reaction zone. Momentum & Volatility Filtering A proprietary oscillator—optimized for mean deviation and multi-resolution smoothing—is integrated to quantify local volatility states and directional momentum. The oscillator feeds into two distinct signal regimes: Directional Crossovers: When a significant momentum shift occurs within a mapped levels, the zone is annotated accordingly with a directional labeling "⬆" or "⬇". Momentum Extremes: OB/OS thresholds are used to detect compression or exhaustion states, enhancing zone validity under directional stress. These signals are visually merged into the zone rendering, enabling contextual clarity at a glance. Customization & Advanced Features Individual fib levels can be toggled or styled per user preference. Aesthetic properties (color, line width) are fully configurable. An optional “Hacker Zone” region—highlighting retracement areas statistically associated with institutional accumulation also known as Golden Pocket — is available for advanced users. Conclusion Hot Zones by ChartPrime represents a multi-dimensional confluence engine, transforming traditional retracement mapping into a reactive, data-driven framework. By integrating structure, volume flow, and momentum analytics into a unified interface, it enhances discretionary and systematic trading decisions alike. Whether trading trend continuations, reversals, or liquidity anomalies, Hot Zones enables actionable clarity at structurally significant levels.
Pine Script® indicator
by ChartPrime
23
Golden Key: Opening Channel DashboardGolden Key: Opening Channel Dashboard Complementary to the original Golden Key – The Frequency Upgrade of 10 Monday's 1H Avg Range + 30-Day Daily Range This indicator provides a structured dashboard to monitor the opening channel range and related metrics on 15m and 5m charts. Built to work alongside the Golden Key methodology, it focuses on pip precision, average volatility, and SL sizing. What It Does Detects first 4 candles of the session: 15m chart → first 4 Monday candles (1 hour) 5m chart → first 4 candles of each day (20 minutes) Calculates pip range of the opening move Stores and averages the last 10 such ranges Calculates daily range average over 10 or 30 days Generates SL size based on your multiplier setting Auto-adjusts for FX, JPY, and XAUUSD pip sizes Displays all values in a clean table in the top-right How to Use It Add to a 15m or 5m chart Compare the current opening range to the average Use the daily average to assess broader volatility Define SL size using the opening range x multiplier Customize display colors per table row About This Script This is not a visual box-style indicator. It is designed to complement the original “Golden Key – The Frequency” by focusing on metric output. It is also an upgraded version of the earlier "10 Monday’s 1H Avg Range" script, now supporting multi-timeframe logic and additional customization. Disclaimer This is a technical analysis tool. It does not provide trading advice. Use it in combination with your own research and strategy.
Pine Script® indicator
by bramirez37
Session RangeThis Indicator Shows you the high, low and the midpoint for a chosen session and displays them on the chart. You can make the following inputs: Timezone: Choose your time zone (in UTC) to display the session correctly Session Time: Choose the start time and end time of the session you want to have displayed. Show Session Midpoint: Choose between displaying or not displaying the midpoint of the sessions high and low. Extend Session Values until next Session: Choose this option if you want to display the sessions range until the next session starts. The midpoint will only be displayed if you chose "yes" at "Show Session Midpoint?" Maximum number of bars between sessions: This is needed to ensure the correct display of the extended lines. Also this will affect the running speed of the script. Limitations: A higher number between bars slows down the script. What does that mean practically? If you choose to not have the sessions values displayed until the next session you can set this to 1 and the script will run as fast as it can. If you choose to display all the values until the next session you have to make sure that the number you put in is higher than the number of bars between the sessions. Otherwise the lines will be displayed backwards. As this affects the calculation speed you want to keep the number as low as possible. The default setting is 300 which is fine for 5 minute charts. On a 1 minute chart you will have to use something around 5000 depending on how long your session is. Also the script will only run correctly if the start time of your session can be divided by the timeframe you are using. Example: you can use a 1min, 3min, 5min, or 15min chart on all sessions as they can only start every 15 minutes and 15 can be divided by all these numbers. A 2 minute timeframe will only work on sessions that start at minute 00 or 30, as 15 and 45 can not be divided by 2. Customization and Alerts: You can change the color of the sessions high, low, midpoint and background filling. The line style can also be changed but this might lead to a faulty display of the session. The style of the extension lines can not be altered. Alerts can be added for crossing the sessions high or low (after the session is finished). You do not have to display the extension lines in order to set an alert. credit: The inspiration (especially for the look of this indicator) comes from the Asian Range by Nico948 indicator.
Pine Script® indicator
by bruul
EMA Pullback System 1:5 RRR [SL]EMA Trend Pullback System (1:5 RRR) Summary: This indicator is designed to identify high-probability pullback opportunities along the main trend, providing trade signals that target a high 1:5 Risk/Reward Ratio. It is a trend-following strategy built for patient traders who wait for optimal setups. Strategy Logic: The system is based on three Exponential Moving Averages (EMAs): 21, 50, and 200. BUY Signal: Trend (Uptrend): The price must be above the 200 EMA. Pullback: The price must pull back into the "Dynamic Support Zone" between the 21 EMA and 50 EMA. Confirmation: A strong Bullish Confirmation Candle (e.g., Bullish Engulfing) must form within this zone. SELL Signal: Trend (Downtrend): The price must be below the 200 EMA. Pullback: The price must rally back into the "Dynamic Resistance Zone" between the 21 EMA and 50 EMA. Confirmation: A strong Bearish Confirmation Candle (e.g., Bearish Engulfing) must form within this zone. Key Features: Clearly plots the 21, 50, and 200 EMAs on the chart. Displays BUY and SELL labels when the rules are met. Automatically calculates and plots Stop Loss (SL) and Take Profit (TP) levels for each signal. The Risk/Reward Ratio for the Take Profit level is customizable in the settings (Default: 1:5). How to Use: Best suited for higher timeframes like H1 and H4. It is crucial to wait for the signal candle to close before considering an entry. While this is an automated tool, for best results, combine its signals with your own analysis of Price Action and Market Structure. Disclaimer: This is an educational tool and not financial advice. Trading involves substantial risk. Always use proper risk management. It is essential to backtest any strategy before deploying it with real capital.
Pine Script® indicator
by FEloner
Levels Of Interest------------------------------------------------------------------------------------ LEVELS OF INTEREST (LOI) TRADING INDICATOR GUIDE ------------------------------------------------------------------------------------ Table of Contents: 1. Indicator Overview & Core Functionality 2. VWAP Foundation & Historical Context 3. Multi-Timeframe VWAP Analysis 4. Moving Average Integration System 5. Trend Direction Signal Detection 6. Visual Design & Display Features 7. Custom Level Integration 8. Repaint Protection Technology 9. Practical Trading Applications 10. Setup & Configuration Recommendations ------------------------------------------------------------------------------------ 1. INDICATOR OVERVIEW & CORE FUNCTIONALITY ------------------------------------------------------------------------------------ The LOI indicator combines multiple VWAP calculations with moving averages across different timeframes. It's designed to show where institutional money is flowing and help identify key support and resistance levels that actually matter in today's markets. Primary Functions: - Multi-timeframe VWAP analysis (Daily, Weekly, Monthly, Yearly) - Advanced moving average integration (EMA, SMA, HMA) - Real-time trend direction detection - Institutional flow analysis - Dynamic support/resistance identification Target Users: Day traders, swing traders, position traders, and institutional analysts seeking comprehensive market structure analysis. ------------------------------------------------------------------------------------ 2. VWAP FOUNDATION & HISTORICAL CONTEXT ------------------------------------------------------------------------------------ Historical Development: VWAP started in the 1980s when big institutional traders needed a way to measure if they were getting good fills on their massive orders. Unlike regular price averages, VWAP weighs each price by the volume traded at that level. This makes it incredibly useful because it shows you where most of the real money changed hands. Mathematical Foundation: The basic math is simple: you take each price, multiply it by the volume at that price, add them all up, then divide by total volume. What you get is the true "average" price that reflects actual trading activity, not just random price movements. Formula: VWAP = Σ(Price × Volume) / Σ(Volume) Where typical price = (High + Low + Close) / 3 Institutional Behavior Patterns: - When price trades above VWAP, institutions often look to sell - When it's below, they're usually buying - Creates natural support and resistance that you can actually trade against - Serves as benchmark for execution quality assessment ------------------------------------------------------------------------------------ 3. MULTI-TIMEFRAME VWAP ANALYSIS ------------------------------------------------------------------------------------ Core Innovation: Here's where LOI gets interesting. Instead of just showing daily VWAP like most indicators, it displays four different timeframes simultaneously: **Daily VWAP Implementation**: - Resets every morning at market open - Provides clearest picture of intraday institutional sentiment - Primary tool for day trading strategies - Most responsive to immediate market conditions **Weekly VWAP System**: - Resets each Monday (or first trading day) - Smooths out daily noise and volatility - Perfect for swing trades lasting several days to weeks - Captures weekly institutional positioning **Monthly VWAP Analysis**: - Resets at beginning of each calendar month - Captures bigger institutional rebalancing at month-end - Fund managers often operate on monthly mandates - Significant weight in intermediate-term analysis **Yearly VWAP Perspective**: - Resets annually for full-year institutional view - Shows long-term institutional positioning - Where pension funds and sovereign wealth funds operate - Critical for major trend identification Confluence Zone Theory: The magic happens when multiple VWAP levels cluster together. These confluence zones often become major turning points because different types of institutional money all see value at the same price. ------------------------------------------------------------------------------------ 4. MOVING AVERAGE INTEGRATION SYSTEM ------------------------------------------------------------------------------------ Multi-Type Implementation: The indicator includes three types of moving averages, each with its own personality and application: **Exponential Moving Averages (EMAs)**: - React quickly to recent price changes - Displayed as solid lines for easy identification - Optimal performance in trending market conditions - Higher sensitivity to current price action **Simple Moving Averages (SMAs)**: - Treat all historical data points equally - Appear as dashed lines in visual display - Slower response but more reliable in choppy conditions - Traditional approach favored by institutional traders **Hull Moving Averages (HMAs)**: - Newest addition to the system (dotted line display) - Created by Alan Hull in 2005 - Solves classic moving average dilemma: speed vs. accuracy - Manages to be both responsive and smooth simultaneously Technical Innovation: Alan Hull's solution addresses the fundamental problem where moving averages are either too slow (missing moves) or too fast (generating false signals). HMAs achieve optimal balance through weighted calculation methodology. Period Configuration: - 5-period: Short-term momentum assessment - 50-period: Intermediate trend identification - 200-period: Long-term directional confirmation ------------------------------------------------------------------------------------ 5. TREND DIRECTION SIGNAL DETECTION ------------------------------------------------------------------------------------ Real-Time Momentum Analysis: One of LOI's best features is its real-time trend detection system. Next to each moving average, visual symbols provide immediate trend assessment: Symbol System: - ▲ Rising average (bullish momentum confirmation) - ▼ Falling average (bearish momentum indication) - ► Flat average (consolidation or indecision period) Update Frequency: These signals update in real-time with each new price tick and function across all configured timeframes. Traders can quickly scan daily and weekly trends to assess alignment or conflicting signals. Multi-Timeframe Trend Analysis: - Simultaneous daily and weekly trend comparison - Immediate identification of trend alignment - Early warning system for potential reversals - Momentum confirmation for entry decisions ------------------------------------------------------------------------------------ 6. VISUAL DESIGN & DISPLAY FEATURES ------------------------------------------------------------------------------------ Color Psychology Framework: The color scheme isn't random but based on psychological associations and trading conventions: - **Blue Tones**: Institutional neutrality (VWAP levels) - **Green Spectrum**: Growth and stability (weekly timeframes) - **Purple Range**: Longer-term sophistication (monthly analysis) - **Orange Hues**: Importance and attention (yearly perspective) - **Red Tones**: User-defined significance (custom levels) Adaptive Display Technology: The indicator automatically adjusts decimal places based on the instrument you're trading. High-priced stocks show 2 decimals, while penny stocks might show 8. This keeps the display incredibly clean regardless of what you're analyzing - no cluttered charts or overwhelming information overload. Smart Labeling System: Advanced positioning algorithm automatically spaces all elements to prevent overlap, even during extreme zoom levels or multiple timeframe analysis. Every level stays clearly readable without any visual chaos disrupting your analysis. ------------------------------------------------------------------------------------ 7. CUSTOM LEVEL INTEGRATION ------------------------------------------------------------------------------------ User-Defined Level System: Beyond the calculated VWAP and moving average levels, traders can add custom horizontal lines at any price point for personalized analysis. Strategic Applications: - **Psychological Levels**: Round numbers, previous significant highs/lows - **Technical Levels**: Fibonacci retracements, pivot points - **Fundamental Targets**: Analyst price targets, earnings estimates - **Risk Management**: Stop-loss and take-profit zones Integration Features: - Seamless incorporation with smart labeling system - Custom color selection for visual organization - Extension capabilities across all chart timeframes - Maintains display clarity with existing indicators ------------------------------------------------------------------------------------ 8. REPAINT PROTECTION TECHNOLOGY ------------------------------------------------------------------------------------ Critical Trading Feature: This addresses one of the most significant issues in live trading applications. Most multi-timeframe indicators "repaint," meaning they display different signals when viewing historical data versus real-time analysis. Protection Benefits: - Ensures every displayed signal could have been traded when it appeared - Eliminates discrepancies between historical and live analysis - Provides realistic performance expectations - Maintains signal integrity across chart refreshes Configuration Options: - **Protection Enabled**: Default setting for live trading - **Protection Disabled**: Available for backtesting analysis - User-selectable toggle based on analysis requirements - Applies to all multi-timeframe calculations Implementation Note: With protection enabled, signals may appear one bar later than without protection, but this ensures all signals represent actionable opportunities that could have been executed in real-time market conditions. ------------------------------------------------------------------------------------ 9. PRACTICAL TRADING APPLICATIONS ------------------------------------------------------------------------------------ **Day Trading Strategy**: Focus on daily VWAP with 5-period moving averages. Look for bounces off VWAP or breaks through it with volume. Short-term momentum signals provide entry and exit timing. **Swing Trading Approach**: Weekly VWAP becomes your primary anchor point, with 50-period averages showing intermediate trends. Position sizing based on weekly VWAP distance. **Position Trading Method**: Monthly and yearly VWAP provide broad market context, while 200-period averages confirm long-term directional bias. Suitable for multi-week to multi-month holdings. **Multi-Timeframe Confluence Strategy**: The highest-probability setups occur when daily, weekly, and monthly VWAPs cluster together, especially when multiple moving averages confirm the same direction. These represent institutional consensus zones. Risk Management Integration: - VWAP levels serve as dynamic stop-loss references - Multiple timeframe confirmation reduces false signals - Institutional flow analysis improves position sizing decisions - Trend direction signals optimize entry and exit timing ------------------------------------------------------------------------------------ 10. SETUP & CONFIGURATION RECOMMENDATIONS ------------------------------------------------------------------------------------ Initial Configuration: Start with default settings and adjust based on individual trading style and market focus. Short-term traders should emphasize daily and weekly timeframes, while longer-term investors benefit from monthly and yearly level analysis. Transparency Optimization: The transparency settings allow clear price action visibility while maintaining level reference points. Most traders find 70-80% transparency optimal - it provides a clean, unobstructed view of price movement while maintaining all critical reference levels needed for analysis. Integration Strategy: Remember that no indicator functions effectively in isolation. LOI provides excellent context for institutional flow and trend direction analysis, but should be combined with complementary analysis tools for optimal results. Performance Considerations: - Multiple timeframe calculations may impact chart loading speed - Adjust displayed timeframes based on trading frequency - Customize color schemes for different market sessions - Regular review and adjustment of custom levels ------------------------------------------------------------------------------------ FINAL ANALYSIS ------------------------------------------------------------------------------------ Competitive Advantage: What makes LOI different is its focus on where real money actually trades. By combining volume-weighted calculations with multiple timeframes and trend detection, it cuts through market noise to show you what institutions are really doing. Key Success Factor: Understanding that different timeframes serve different purposes is essential. Use them together to build a complete picture of market structure, then execute trades accordingly. The integration of institutional flow analysis with technical trend detection creates a comprehensive trading tool that addresses both short-term tactical decisions and longer-term strategic positioning. ------------------------------------------------------------------------------------ END OF DOCUMENTATION ------------------------------------------------------------------------------------
Pine Script® indicator
by meddymarkusvanhala
4
AWR_8DLRC1. Overview and Objective The AWR_8DLRC indicator is designed to display multiple dynamic channels directly on your chart (with the overlay enabled). It creates dynamic envelopes based on a regression-like approach combined with a volatility measure derived from the root mean square error (RMSE). These channels can help identify support and resistance areas, overbought/oversold conditions, or even potential trend reversals by providing several layers of analysis using different multipliers and timeframes. 2. Input Parameters Source and Multiplier The indicator uses the closing price (close) as its default data source. A floating-point parameter mult (default value: 3.0) is available. This multiplier is primarily used for channel 5, while other channels employ fixed multipliers (1, 2, or 3) to generate different sensitivity levels. Channel Lengths Several channels are calculated with distinct lookback lengths: Channel 5: Uses a length of 1000 periods (its plot is commented out in the code, so it is not displayed by default). Channel 6: Uses a length of 2000 periods. Channel 7: Uses a length of 3000 periods. Channel 8: Uses a length of 4000 periods. Custom Colors and Transparencies Each channel (or group of channels) can be customized with specific colors and transparency settings. For example, channel 6 uses a light yellow tone, channel 7 is red, and channel 8 is white. Additionally, specific fill colors are defined for the shaded areas between the upper and lower lines of some channels, enhancing visual clarity. 3. Channel Calculation Mechanism At the heart of the indicator is the function f_calcChannel(), which takes as input: A data source (_src), A period (_length), and A multiplier (_mult). The calculation process comprises several key steps: Moving Averages Calculation The function computes both a weighted moving average (WMA) and a simple moving average (SMA) over the defined length. Baseline Determination It then combines these averages into two values (A and B) using linear formulas (e.g., A = 4*b - 3*a and B = 3*a - 2*b). These values help to establish a baseline that represents the central trend during the lookback period. Slope and Deviation Calculation A slope (m) is calculated based on the difference between A and B. The function iterates over the period, measuring the squared deviation between the actual data point and a corresponding value on the regression line. The sum of these squared deviations is used to compute the RMSE. Defining Upper and Lower Bounds The RMSE is multiplied by the provided multiplier (_mult) and then added to or subtracted from the baseline B to create the upper and lower channel boundaries. This method produces an envelope that widens or narrows based on the volatility reflected by the RMSE. This process is repeated using different multipliers (1, 2, and 3) for channels 6, 7, and 8, providing multiple levels that offer deeper insights into market conditions. 4. Chart Visualization The indicator plots several lines and shaded regions: Channels 6, 7, and 8: For each of these channels, three levels are calculated: Levels with a multiplier of 1 (thin lines with a line width of 1), Levels with a multiplier of 2 (medium lines with a line width of 2), Levels with a multiplier of 3 (thick lines with a line width of 4). To further enhance visual interpretation, shaded areas (fills) are added between the upper and lower lines — notably for the level with multiplier 3. Channel 5: Although the calculations for channel 5 are included, its plot commands are commented out. This means it won’t display on the chart unless you uncomment the relevant lines by modifying the script. 5. Conditions and Alerts Beyond the visual channels, the indicator integrates several alert conditions and visual markers: Graphical Conditions: The script defines conditions checking whether the price (i.e., the source) is above or below specific channel levels, particularly the levels calculated with multipliers 2 and 3. “Mixed” conditions are also established to detect when the price is simultaneously above one set of levels and below another, aiming to highlight potential reversal areas. Automated Alerts: Alert conditions are programmed to notify you when the price crosses specific channel boundaries: Alerts for conditions such as “Upper Channels 2” or “Lower Channels 2” indicate when prices exceed or fall below the second level of the channels. Similarly, alerts for “Upper Channels 3” and “Lower Channels 3” correspond to the more extreme boundaries defined by the multiplier of 3. Visual Symbols: The indicator employs the plotchar() function to place symbols (like 🌙, ⚠️, 🪐, and ☢️) directly on the chart. These symbols make it easy to spot when the price meets these crucial levels. These alert features are especially valuable for traders who rely on real-time notifications to adjust positions or watch for potential trend shifts. 6. How to Use the Indicator Installation and Setup: Copy the provided code into your Pine Script editor on your charting platform (e.g., TradingView) and add the indicator to your chart. Customize the parameters according to your trading strategy: Channel Lengths: Modify the lookback periods to see how the envelope adapts. Colors and Transparencies: Adjust these to fit your display preferences. Multipliers: Experiment with the multipliers to observe how different settings affect the channel widths. Interpreting the Channels: The upper and lower bands represent dynamic thresholds that change with market volatility. A price that nears an upper boundary might indicate an overextended move upward, whereas a break beyond these dynamic boundaries could signal a potential trend reversal. Utilizing Alerts: Configure notifications based on the alert conditions so you can be alerted when the price moves beyond the defined channel levels. This can help trigger entry or exit signals, or simply keep you informed of significant price movements. Multi-Level Analysis: The strength of this indicator lies in its multi-level approach. With three defined levels for channels 6, 7, and 8, you gain a more nuanced view of market volatility and trend strength. For instance, a price crossing the level with a multiplier of 2 might indicate the start of a trend change, while a break of the level with multiplier 3 might confirm a strong trend movement. 7. In Summary The AWR_8DLRC indicator is a comprehensive tool for drawing dynamic channels based on a regression and RMSE-driven volatility measure. It offers: Multiple channel levels, each with different lookback periods and multipliers. Shaded regions between channel boundaries for rapid visual interpretation. Alert conditions to notify you immediately when the price hits critical levels. Visual markers directly on the chart to highlight key moments of price action. This indicator is particularly suited for technical traders seeking to dynamically identify support and resistance zones with a responsive alert system. Its customizable settings and rich array of signals provide an excellent framework to refine your trading decisions.
Pine Script® indicator
by AlwwAl
AWR Pearsons R & LR Oscillator MTF1. Overview This indicator is designed to analyze the correlation between a price series (or any custom indicator) and the bar index using Pearson’s correlation coefficient. It performs multiple linear regressions over shifted periods and then aggregates these results to create an oscillator. In addition, it integrates a multi-timeframe (MTF) analysis by retrieving the same calculations on 3 different time intervals, providing a more comprehensive view of the trend evolution. 2. User Parameters The indicator offers several configurable parameters that allow the user to adjust both the calculations and the display: Source (Linear Regression): The data source on which the regressions are applied (by default, the closing price). Number of Linear Regressions (numOfLinReg): Allows choosing the number of correlation calculations (up to 10) to be carried out on different shifted periods. Start Period (startPeriod) and Period Increment (periodIncrement): These parameters define the reference window for each regression. The calculation starts with a base period and then increases with each regression by a fixed increment, creating several time windows to assess the relationship between price evolution and time progression. Deviation (def_deviation): Although defined, this parameter is intended to control the sensitivity of the calculations. It can be used in further developments of the indicator. For Multi Time Frames analysis, three additional timeframes are provided through inputs in addition of the current period: Sum up : Timeframe 1 = current Timeframe 2 = 30-minute (default settings) Timeframe 3 = 1-hour (default settings) Timeframe 4 = 4-hour (default settings) These different timeframes allow you to obtain consistent or divergent signals over multiple resolutions, thereby enhancing the confidence of trading decisions. 3. Calculation Logic At the core of the indicator is the f_calcConditions() function, which performs several essential tasks: Calculating Pearson's Coefficients For each linear regression, the script uses ta.correlation() to measure the correlation between the chosen source (for example, the closing price) and the chronological index (bar_index). Up to 10 coefficients are computed over shifted windows, providing an evolving view of the linear relationship over different intervals. Averaging the Results Once the coefficients are calculated, they are stored in an array and averaged to produce a global correlation value called avgPR_local. Applying Moving Averages The resulting average is then smoothed using several moving averages (SMA): A short-term SMA (period of 14), An intermediate SMA (period of 100), A long-term SMA (period of 400). These moving averages help to highlight the underlying trend of the oscillator by indicating the direction in which the correlation is moving. Defining Trading Conditions Based on avgPR_local and its associated SMAs, multiple conditions are set to generate buy or sell signals: Simple SMA Conditions : Small signal : Light blue below bar signal : When the averaged coefficients lie between -1 and -0.63, are above the short-term SMA (14 periods), and are increasing, it may indicate a bullish dynamic (buy signal). Orange above bar signal : Conversely, when the value is higher (between 0.63 and 1) and below its SMA (14 periods), and are decreasing the trend is considered bearish (sell signal). Medium signal : Dark green signal When the averaged coefficients lie between -1 and -0.45, are above the short-term SMA (14 periods), and are increasing, and also the average 100 is increasing. It may indicate a bullish dynamic (buy signal). Light red signal : Conversely, when the value is higher (between 0.45 and 1) and below its SMA (14 periods), the trend and are decreasing, and also the average 100 is decreasing. It may indicate a bearish dynamic(sell signal). Light green signal : When the averaged coefficients lie between -1 and -0.15, are above the short-term SMA (14 periods), and are increasing, and also the average 100 & 400 is increasing . It may indicate a bullish dynamic (buy signal). Dark red signal : Conversely, when the value is higher (between 0.45 and 1) and below its SMA (14 periods), the trend and are decreasing, and also the average 100 & 400 is decreasing. It may indicate a bearish dynamic(sell signal). These additional conditions further refine the signals by verifying the consistency of the movement over longer periods. They check that the trends from the respective averages (intermediate and long-term) are in line with the direction indicated by the initial moving average. These conditions are designed to capture moments when the oscillator's dynamics change, which can be interpreted as opportunities to enter or exit a trade. 4. Multi-Timeframes and Display One of the main strengths of this indicator is its multi-timeframe approach. This offers several advantages: Comparative Analysis: Compare short-term dynamics with broader trends. Enhanced Signal Reliability: A signal confirmed across multiple timeframes has a higher probability of success. To visually highlight these signals on the chart, the indicator uses the plotchar() function with distinct symbols for each timeframe: Current Timeframe: Signals are represented by the character "1" 30-Minute Timeframe: Displayed with the character "2". 1-Hour Timeframe: Displayed with the character "3". 4-Hour Timeframe: Displayed with the character "4". The colors used are various shades of green for buy signals and shades of red/orange for sell signals, making it easy to distinguish between the different alerts. 5. Integrated Alerts To avoid missing any trading opportunities, the indicator includes an alert condition via the alertcondition() function. This alert is triggered if any buy or sell signal is generated on any of the analyzed timeframes. The message "MTF valide" indicates that multiple timeframes are confirming the signal, enabling more informed decision-making. 6. How to Use This Indicator Installation and Configuration: Copy the script into the TradingView Pine Script editor and add it to your chart. The default parameters can be tuned according to market behavior or personal preferences regarding sensitivity and responsiveness. Interpreting the Signals: Watch for the symbols on the chart corresponding to each timeframe. A buy signal appears as a specific symbol below the bar (indicating a bullish condition based on a rising or less negative correlation), while a sell signal appears above the bar. Multi-Timeframe Analysis: By comparing signals across timeframes, you can filter out false signals. For example, if the short-term timeframe shows a buy signal but the 4-hour timeframe indicates a bearish trend, you may need to reassess your position. Adjusting the Settings: Depending on the asset type or market volatility, you might need to tweak the periods (startPeriod, periodIncrement) or the number of linear regressions to generate signals that better align with the price dynamics. Using Alerts: Activate the built-in alert feature so that TradingView notifies you as soon as a multi-timeframe signal is detected. This ensures you stay informed even if you are not continuously monitoring the chart. In Conclusion The AWR Pearsons R & LR Oscillator MTF is a powerful tool for traders seeking a detailed understanding of market trends by combining statistical rigor (via Pearson's correlation coefficient) with a multi-timeframe approach. It is capable of generating clear entry and exit signals, visualized with specific symbols and colors depending on the timeframe. By adjusting the parameters to match your trading strategy and leveraging the alert system, you now have a robust instrument for making well-informed market decisions. Feel free to dive deeper into each component and experiment with different configurations to see how the oscillator integrates with your overall technical analysis strategy. Enjoy exploring its potential and refining your trading approach!
Pine Script® indicator
by AlwwAl
Advanced MACD Pro (WhiteStone_Ibrahim) - T3 Themed✨ Advanced MACD Pro (WhiteStone_Ibrahim) - T3 Themed ✨ Take your MACD analysis to the next level with the Advanced MACD Pro - T3 Themed indicator by WhiteStone_Ibrahim! This isn't just another MACD; it's a comprehensive toolkit packed with advanced features, unique T3 integration, and extensive customization options to provide deeper market insights. Whether you're a seasoned trader or just starting, this indicator offers a versatile and powerful way to analyze momentum, identify trends, and spot potential reversals. Key Features: Core MACD Functionality: Classic MACD Line: Calculated from customizable Fast and Slow EMAs using your chosen source (Close, Open, HLC3, etc.). Standard Signal Line: EMA of the MACD line, with adjustable length. Dynamic MACD Line Coloring: Automatically changes color based on whether it's above or below the zero line (positive/negative). Zero Line: Clearly plotted for reference. Enhanced MACD Histogram: Sophisticated Color Coding: The histogram isn't just positive or negative. It intelligently colors based on momentum strength and direction: Strong Bullish: MACD above signal, histogram increasing. Weakening Bullish: MACD above signal, histogram decreasing. Strong Bearish: MACD below signal, histogram decreasing. Weakening Bearish: MACD below signal, histogram increasing. Neutral: Default color for other conditions. Optional Histogram Smoothing: Smooth out the histogram noise using one of five different moving average types: SMA, EMA, WMA, RMA, or the advanced T3 (Tilson T3). Customize smoothing length and T3 vFactor. 🌟 Unique T3 Integration (T3 Themed): Extra T3 Signal Line (on MACD): An additional, fast-reacting T3 moving average calculated directly from the MACD line. This provides an alternative and often quicker signal. Customizable T3 length and vFactor. Dynamic Coloring: The T3 Signal Line changes color (bullish/bearish) based on its crossover with the MACD line, offering clear visual cues. T3 is also available as a smoothing option for the main histogram (see above). 🔍 Disagreement & Divergence Detection: Bar/Price Disagreement Markers: Highlights instances where the price bar's direction (e.g., a bullish candle) contradicts the current MACD momentum (e.g., MACD below its signal line). Visual markers (circles) appear above/below bars to draw attention to these potential early warnings or confirmations. Histogram Color Change on Disagreement: Optionally, the histogram can adopt distinct alternative colors during these bar/price disagreements for even clearer visual alerts. Classic Bullish & Bearish Divergence Detection: Automatically identifies regular divergences between price action (Higher Highs/Lower Lows) and the MACD line (Lower Highs/Higher Lows). Customizable pivot lookback periods (left and right bars) for divergence sensitivity. Plots clear "Bull" and "Bear" labels on the price chart where divergences occur. 🎨 Extensive Customization & Visuals: Multiple Color Themes: Choose from pre-set themes like 'Dark Mode', 'Light Mode', 'Neon Night', or use 'Default (Current Settings)' to fine-tune every color yourself. Granular Control (Default Theme): Individually customize colors and thickness for: MACD Line (positive/negative) Standard Signal Line Extra T3 Signal Line (bullish/bearish) Histogram (all four momentum states + neutral) Disagreement Markers & Histogram Alt Colors Divergence Lines/Labels Zero Line Toggle Visibility: Easily show or hide the Standard Signal Line and the Extra T3 Signal Line as needed. 🔔 Comprehensive Alert System: Stay informed of key market events with a wide array of configurable alerts: MACD Line / Standard Signal Line Crossover Histogram / Zero Line Crossover MACD Line / Zero Line Crossover Bullish Divergence Detected Bearish Divergence Detected Bar/Price Disagreement (Bullish & Bearish) MACD Line / Extra T3 Signal Line Crossover Each alert can be individually enabled or disabled. The Advanced MACD Pro - T3 Themed indicator is designed to be your go-to tool for momentum analysis. Its rich feature set empowers you to tailor it to your specific trading style and gain a more nuanced understanding of market dynamics. Add it to your charts today and experience the difference! (Developed by WhiteStone_Ibrahim)
Pine Script® indicator
by WhiteStone_Ibrahim
OpenAI Signal Generator - Enhanced Accuracy# AI-Powered Trading Signal Generator Guide ## Overview This is an advanced trading signal generator that combines multiple technical indicators using AI-enhanced logic to generate high-accuracy trading signals. The indicator uses a sophisticated combination of RSI, MACD, Bollinger Bands, EMAs, ADX, and volume analysis to provide reliable buy/sell signals with comprehensive market analysis. ## Key Features ### 1. Multi-Indicator Analysis - **RSI (Relative Strength Index)** - Length: 14 periods (default) - Overbought: 70 (default) - Oversold: 30 (default) - Used for identifying overbought/oversold conditions - **MACD (Moving Average Convergence Divergence)** - Fast Length: 12 (default) - Slow Length: 26 (default) - Signal Length: 9 (default) - Identifies trend direction and momentum - **Bollinger Bands** - Length: 20 periods (default) - Multiplier: 2.0 (default) - Measures volatility and potential reversal points - **EMAs (Exponential Moving Averages)** - Fast EMA: 9 periods (default) - Slow EMA: 21 periods (default) - Used for trend confirmation - **ADX (Average Directional Index)** - Length: 14 periods (default) - Threshold: 25 (default) - Measures trend strength - **Volume Analysis** - MA Length: 20 periods (default) - Threshold: 1.5x average (default) - Confirms signal strength ### 2. Advanced Features - **Customizable Signal Frequency** - Daily - Weekly - 4-Hour - Hourly - On Every Close - **Enhanced Filtering** - EMA crossover confirmation - ADX trend strength filter - Volume confirmation - ATR-based volatility filter - **Comprehensive Alert System** - JSON-formatted alerts - Detailed technical analysis - Multiple timeframe analysis - Customizable alert frequency ## How to Use ### 1. Initial Setup 1. Open TradingView and create a new chart 2. Select your preferred trading pair 3. Choose an appropriate timeframe 4. Apply the indicator to your chart ### 2. Configuration #### Basic Settings - **Signal Frequency**: Choose how often signals are generated - Daily: Signals at the start of each day - Weekly: Signals at the start of each week - 4-Hour: Signals every 4 hours - Hourly: Signals every hour - On Every Close: Signals on every candle close - **Enable Signals**: Toggle signal generation on/off - **Include Volume**: Toggle volume analysis on/off #### Technical Parameters ##### RSI Settings - Adjust `rsi_length` (default: 14) - Modify `rsi_overbought` (default: 70) - Modify `rsi_oversold` (default: 30) ##### EMA Settings - Fast EMA Length (default: 9) - Slow EMA Length (default: 21) ##### MACD Settings - Fast Length (default: 12) - Slow Length (default: 26) - Signal Length (default: 9) ##### Bollinger Bands - Length (default: 20) - Multiplier (default: 2.0) ##### Enhanced Filters - ADX Length (default: 14) - ADX Threshold (default: 25) - Volume MA Length (default: 20) - Volume Threshold (default: 1.5) - ATR Length (default: 14) - ATR Multiplier (default: 1.5) ### 3. Signal Interpretation #### Buy Signal Requirements 1. RSI crosses above oversold level (30) 2. Price below lower Bollinger Band 3. MACD histogram increasing 4. Fast EMA above Slow EMA 5. ADX above threshold (25) 6. Volume above threshold (if enabled) 7. Market volatility check (if enabled) #### Sell Signal Requirements 1. RSI crosses below overbought level (70) 2. Price above upper Bollinger Band 3. MACD histogram decreasing 4. Fast EMA below Slow EMA 5. ADX above threshold (25) 6. Volume above threshold (if enabled) 7. Market volatility check (if enabled) ### 4. Visual Indicators #### Chart Elements - **Moving Averages** - SMA (Blue line) - Fast EMA (Yellow line) - Slow EMA (Purple line) - **Bollinger Bands** - Upper Band (Green line) - Middle Band (Orange line) - Lower Band (Green line) - **Signal Markers** - Buy Signals: Green triangles below bars - Sell Signals: Red triangles above bars - **Background Colors** - Light green: Buy signal period - Light red: Sell signal period ### 5. Alert System #### Alert Types 1. **Signal Alerts** - Generated when buy/sell conditions are met - Includes comprehensive technical analysis - JSON-formatted for easy integration 2. **Frequency-Based Alerts** - Daily/Weekly/4-Hour/Hourly/Every Close - Includes current market conditions - Technical indicator values #### Alert Message Format ```json { "symbol": "TICKER", "side": "BUY/SELL/NONE", "rsi": "value", "macd": "value", "signal": "value", "adx": "value", "bb_upper": "value", "bb_middle": "value", "bb_lower": "value", "ema_fast": "value", "ema_slow": "value", "volume": "value", "vol_ma": "value", "atr": "value", "leverage": 10, "stop_loss_percent": 2, "take_profit_percent": 5 } ``` ## Best Practices ### 1. Signal Confirmation - Wait for multiple confirmations - Consider market conditions - Check volume confirmation - Verify trend strength with ADX ### 2. Risk Management - Use appropriate position sizing - Implement stop losses (default 2%) - Set take profit levels (default 5%) - Monitor market volatility ### 3. Optimization - Adjust parameters based on: - Trading pair volatility - Market conditions - Timeframe - Trading style ### 4. Common Mistakes to Avoid 1. Trading without volume confirmation 2. Ignoring ADX trend strength 3. Trading against the trend 4. Not considering market volatility 5. Overtrading on weak signals ## Performance Monitoring Regularly review: 1. Signal accuracy 2. Win rate 3. Average profit per trade 4. False signal frequency 5. Performance in different market conditions ## Disclaimer This indicator is for educational purposes only. Past performance is not indicative of future results. Always use proper risk management and trade responsibly. Trading involves significant risk of loss and is not suitable for all investors.
Pine Script® indicator
by Aigentswarmtrade
Daily Open Line (9:30-16:00)This indicator automatically plots a horizontal line at each day's opening price during regular trading hours (9:30 AM to 4:00 PM, US Eastern Time). The line starts exactly at the opening bar of the day and ends at the close (16:00). Each day, a new line is drawn, making it easy to visualize and reference the daily open price throughout the session. Useful for intraday traders to identify key support/resistance and monitor price action relative to the open. You can customize the color, line width, and whether to display the open price label.
Pine Script® indicator
by ziaZNZ
AWR Optimized LR GraphHello Trading Viewers ! Drawing linear regression channels at the best place and for many periods can be time consuming. In the library, I've found some indicators that draw 1 or 2 but based on fixed number of bars or a duration... Not always relevant, that's why I decide to create this indicator. It calculates 8 linear regression channels according to 8 differents configurable periods. Each time, the indicator will calculate for each specified duration range the best linear regression line & channel (2 standard regressions) for that period and then plot it on the graph. You can settle how many linear regression channels you want to display. For period, defaults configurations (number of candles studied) are : Period 1 min1 = 33 max1 = 66 Period 2 min2 = 67 max2 = 128 Period 3 min3 = 129 max3 = 255 Period 4 min4 = 256 max4 = 510 Period 5 min5 = 511 max5 = 1020 Period 6 min6 = 1021 max6 = 2040 Period 7 min7 = 2041 max7 = 3500 Period 8 min8 = 3501 max8 = 4999 This default settings provide short-term, mid term, long term and a very long-term view. You have to go back on the chart to display the channels that start on previous period that are currently not on the screen. You can set a specific color for each linear regression channels. The linear regression line is based on the least squares method, meaning: it calculates along each period the gap between a linear & the price & squarred it. Then it defines the linear in order to have always the least distance between price and the linear. The more the price deviates from its regression line, the more statistically likely it is to return to its regression line. Application of Regression Lines in Trading Regression lines are widely used in trading and financial analysis to understand market trends and make informed predictions. Here are some key applications: 1. Trend Identification – Traders use regression lines to visualize the general direction of a stock or asset price, helping to confirm an upward or downward trend. 2. Price Predictions – Linear regression models assist in estimating future price movements based on historical data, allowing traders to anticipate changes. 3. Risk Assessment – By analyzing the slope and variation of a regression line, traders can gauge market volatility and potential risks. 4. Support and Resistance Levels – Regression channels help traders identify support and resistance zones, providing insight into optimal entry and exit points in a trend. 5. You can also use the short period linear regression channels vs the long period linear regression channels to identify important pivot points.
Pine Script® indicator
by AlwwAl
Standard Deviation ExpectationStandard Deviation Expectation - First off I want to thank and give credit to #Stockmarketupdate for introducing this idea to me while stumbling across his script for plotting the standard deviation above each candle/price. Applying Standard Deviation Expectation can aide traders with insight to price projection, expectation, as well as, give hint to price exhaustion. This indicator helps you identify dynamic support and resistance levels based on price volatility — specifically using standard deviation — on your chosen time frame or a higher time frame (multi-time frame). It calculates a range around recent price action that adapts based on how volatile the market is. It plots three lines: Resistance line (upper boundary) Support line (lower boundary) Mid-line (middle of support and resistance) It colors the area between support and resistance green or red depending on whether the current price is above or below the mid-line. It alerts you when price crosses the mid-line either upward or downward. Explanation of Components Standard deviation is a statistical measure that tells you how much prices vary from the average. This script calculates Standard Dev. on a selected price source (usually close price) over a specified length (default 8 bars). Then it multiplies this by a “multiplier” (default 1.75) to set how wide the expected range should be. More volatility → wider range; less volatility → tighter range. 2. Multi-Timeframe (MTF) Input You can select a different timeframe (like 1H, 4H, daily) to base calculations on, even if you’re viewing a lower timeframe chart (like 15 min). This helps smooth out noise and get more meaningful levels from higher timeframes. 3. Calculating Deviation High and Low Based on whether the higher timeframe candle is bearish or bullish, the indicator adjusts the expected high and low by adding or subtracting the standard deviation. This creates a dynamic “band” or range around the price on the higher timeframe. 4. Support and Resistance Lines It calculates the highest deviation high and the lowest deviation low over a look-back period. Then it smooths these extremes using an Exponential Moving Average (EMA) to avoid choppy lines. The result is two smooth, adaptive lines — resistance and support. 5. Mid-line Simply the average of the support and resistance lines. Acts as a pivot or equilibrium point between support and resistance. 6. Offset Allows you to shift the lines forwards by a number of bars, which can help with visual alignment or back-testing. 7. Color Fill The space between support and resistance is filled with a transparent green color if price is above the midline, red if below. This gives a quick visual cue of bullish or bearish bias. 8. Alerts on Midline Cross The indicator generates alert conditions when price crosses the midline: Crosses above → possible bullish sign Crosses below → possible bearish sign You can set alerts in Trading-view using these to get notified. *Don’t rely solely on this indicator. Use it alongside price action and other indicators. Play with the multiplier and length inputs to see what fits your trading style and the asset’s volatility. The multi-time frame option is powerful — try using daily or 4H on a 15-min chart to get smoother levels. Use alerts for mid-line crosses to help you catch potential trade setups without staring at the screen constantly. * Disclaimer: The information contained in this script does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, back-test, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. This script was produced for educational purposes! Enjoy!
Pine Script® indicator
by PROFIT_MAKERZ
Vix_Fix Enhanced MTF [Cometreon]The VIX Fix Enhanced is designed to detect market bottoms and spikes in volatility, helping traders anticipate major reversals with precision. Unlike standard VIX Fix tools, this version allows you to control the standard deviation logic, switch between chart styles, customize visual outputs, and set up advanced alerts — all with no repainting. 🧠 Logic and Calculation This indicator is based on Larry Williams' VIX Fix and integrates features derived from community requests/advice, such as inverse VIX logic. It calculates volatility spikes using a customizable standard deviation of the lows and compares it to a moving high to identify potential reversal points. All moving average logic is based on Cometreon's proprietary library, ensuring accurate and optimized calculations on all 15 moving average types. 🔷 New Features and Improvements 🟩 Custom Visual Styles Choose how you want your VIX data displayed: Line Step Line Histogram Area Column You can also flip the orientation (bottom-up or top-down), change the source ticker, and tailor the display to match your charting preferences. 🟩 Multi-MA Standard Deviation Calculation Customize the standard deviation formula by selecting from 15 different moving averages: SMA (Simple Moving Average) EMA (Exponential Moving Average) WMA (Weighted Moving Average) RMA (Smoothed Moving Average) HMA (Hull Moving Average) JMA (Jurik Moving Average) DEMA (Double Exponential Moving Average) TEMA (Triple Exponential Moving Average) LSMA (Least Squares Moving Average) VWMA (Volume-Weighted Moving Average) SMMA (Smoothed Moving Average) KAMA (Kaufman’s Adaptive Moving Average) ALMA (Arnaud Legoux Moving Average) FRAMA (Fractal Adaptive Moving Average) VIDYA (Variable Index Dynamic Average) This gives you fine control over how volatility is measured and allows tuning the sensitivity for different market conditions. 🟩 Full Control Over Percentile and Deviation Conditions You can enable or disable lines for standard deviation and percentile conditions, and define whether you want to trigger on over or under levels — adapting the indicator to your exact logic and style. 🟩 Chart Type Selection You're no longer limited to candlestick charts! Now you can use Vix_Fix with different chart formats, including: Candlestick Heikin Ashi Renko Kagi Line Break Point & Figure 🟩 Multi-Timeframe Compatibility Without Repainting Use a different timeframe from your chart with confidence. Signals remain stable and do not repaint. Perfect for spotting long-term reversal setups on lower timeframes. 🟩 Alert System Ready Configure alerts directly from the indicator’s panel when conditions for over/under signals are met. Stay informed without needing to monitor the chart constantly. 🔷 Technical Details and Customizable Inputs This indicator includes full control over the logic and appearance: 1️⃣ Length Deviation High - Adjusts the lookback period used to calculate the high deviation level of the VIX logic. Shorter values make it more reactive; longer values smooth out the signal. 2️⃣ Ticker - Choose a different chart type for the calculation, including Heikin Ashi, Renko, Kagi, Line Break, and Point & Figure. 3️⃣ Style VIX - Change the visual style (Line, Histogram, Column, etc.), adjust line width, and optionally invert the display (bottom-to-top). 📌 Fill zones for deviation and percentile are active only in Line and Step Line modes 4️⃣ Use Standard Deviation Up / Down - Enable the overbought and oversold zone logic based on upper and lower standard deviation bands. 5️⃣ Different Type MA (for StdDev) - Choose from 15 different moving averages to define the calculation method for standard deviation (SMA, EMA, HMA, JMA, etc.), with dedicated parameters like Phase, Sigma, and Offset for optimized responsiveness. 6️⃣ BB Length & Multiplier - Adjust the period and multiplier for the standard deviation bands, similar to how Bollinger Bands work. 7️⃣ Show StdDev Up / Down Line - Enable or disable the visibility of upper and lower standard deviation boundaries. 8️⃣ Use Percentile & Length High - Activate the percentile-based logic to detect extreme values in historical volatility using a customizable lookback length. 9️⃣ Highest % / Lowest % - Set the high and low percentile thresholds (e.g., 85 for high, 99 for low) that will be used to trigger over/under signals. 🔟 Show High / Low Percentile Line - Toggle the visual display of the percentile boundaries directly on the chart for clearer signal reference. 1️⃣1️⃣ Ticker Settings – Customize parameters for special chart types such as Renko, Heikin Ashi, Kagi, Line Break, and Point & Figure, adjusting reversal, number of lines, ATR length, etc. 1️⃣2️⃣ Timeframe – Enables using SuperTrend on a higher timeframe. 1️⃣3️⃣ Wait for Timeframe Closes - ✅ Enabled – Displays Vix_Fix smoothly with interruptions. ❌ Disabled – Displays Vix_Fix smoothly without interruptions. ☄️ If you find this indicator useful, leave a Boost to support its development! Every feedback helps to continuously improve the tool, offering an even more effective trading experience. Share your thoughts in the comments! 🚀🔥
Pine Script® indicator
by Cometreon
Options Betting Range - FixedOptions Betting Range Options Betting Range is a powerful TradingView indicator designed to streamline options trading by visualizing high-probability price ranges for key symbols. With automated trendlines and clear labels, it empowers traders to make precise, data-driven decisions based on customizable prediction and execution dates. ## Key Features Broad S&P 500 Coverage: Supports most S&P 500 stock symbols, excluding those with insufficient options volume for reliable data, alongside major ETFs and indices like SPY, IWM, QQQ, DIA, TLT, ^GSPC, ^IXIC, ^RUT, ^NDX, and ^SOX. Automated Trendlines: Plots dashed and solid trendlines to mark high/low price boundaries, triggered only on specified prediction dates for clean, uncluttered charts. Customizable Inputs: Configure prediction and execution dates to align with your trading strategy. Clear Visuals: Color-coded labels (green for highs, purple for lows) display price ranges and percentage spreads for rapid decision-making. Single-Execution Logic: Draws trendlines once per prediction date, ensuring chart clarity and efficiency. ## How It Works Based on the latest daily open interest data, the indicator calculates swing ranges for different strike dates, drawing trendlines and labels to visualize potential price boundaries for options trading. ## Why Use It? Streamlined Analysis: Automates range visualization, saving time and reducing manual charting. Strategic Clarity: Objective price levels minimize emotional bias and enhance trade planning. Versatile Application: Ideal for day traders, swing traders, and options strategists across multiple markets. ## Tips for Best Use Regular Updates: To maintain the accuracy of options betting ranges, periodically update the indicator. On the view page, hover over the indicator name and click the blue whirlwind icon to complete the update. ## Get Started Add Options Betting Range to your TradingView chart, select a supported symbol, and customize your prediction/execution dates. Leverage the visualized price ranges to execute precise options trading strategies with confidence.
Pine Script® indicator
by dragonjia
Opening Range Breakout with John Wick + CDH/CDLOpening Range Breakout (ORB) De Luxe with John Wick Pattern - User Manual Table of Contents 1. Introduction 2. Key Features 3. Installation 4. Configuration Guide 5. Trading Signals 6. Pattern Recognition 7. Zone Trading 8. Alert Setup 9. Trading Strategies 10. Best Practices 11. Troubleshooting ________________________________________ 1. Introduction The Opening Range Breakout (ORB) with John Wick indicator is a comprehensive trading tool designed for intraday and swing traders. It combines the classic Opening Range Breakout strategy with advanced candlestick pattern recognition, including the unique "John Wick" pattern. What is Opening Range Breakout? The Opening Range (OR) is the price range established during the first 15 minutes of a trading session. This range often acts as support and resistance for the remainder of the trading day. Breakouts above or below this range can signal strong directional moves. Key Concepts: • Opening Range High: The highest price during the first 15 minutes • Opening Range Low: The lowest price during the first 15 minutes • Breakout: Price movement above OR High (bullish) or below OR Low (bearish) • Pattern Zones: Areas around key levels where pattern recognition is most effective • PDH/PDL: Previous Day High and Previous Day Low - key reference levels from the prior trading day • CDH/CDL: Current Day High and Current Day Low - dynamically updating intraday extremes ________________________________________ 2. Key Features Core Features: • Multi-Session Support: New York, London, Tokyo, Sydney, Frankfurt, and Custom sessions • Opening Range Visualization: Automatic OR High/Low detection and plotting • Pattern Recognition: Engulfing, Hammer/Shooting Star, Doji, and John Wick patterns • Zone Trading: Customizable zones around OR and PDH/PDL/CDH/CDL levels • Previous Day Levels: PDH (Previous Day High) and PDL (Previous Day Low) • Current Day Levels: CDH (Current Day High) and CDL (Current Day Low) - real-time tracking • Mid-Point Levels: Automatic calculation of OR mid-point • Real-Time Alerts: Breakout and pattern-based alerts • Multi-Timezone Support: Exchange or custom timezone selection Visual Features: • Dynamic color-coded levels • Triangle signals for breakouts • Pattern labels with clear identification • Information table with current session data • Fully customizable colors and styles ________________________________________ 3. Installation Step 1: Add to Chart 4. Open TradingView and navigate to your desired chart 5. Click on "Indicators" (or press /) 6. Search for "Opening Range Breakout with John Wick" 7. Click to add the indicator to your chart Step 2: Initial Setup 8. The indicator will automatically detect your chart's timezone 9. Default session is set to "New York" 10. All features are enabled by default Recommended Timeframes: • Optimal: 1-minute to 15-minute charts • Suitable: Up to 1-hour charts • Not Recommended: Daily or higher timeframes ________________________________________ 4. Configuration Guide Timezone Settings Use Exchange Timezone • Enabled (Default): Uses the exchange's native timezone • Disabled: Uses chart timezone or custom selection Timezone Selection Available when "Use Exchange Timezone" is disabled: • America/New_York • Europe/London • Europe/Amsterdam • Asia/Tokyo • Australia/Sydney Session Selection Trading Sessions • Sydney: 09:00-16:00 Sydney time • Tokyo: 09:00-15:00 Tokyo time • London: 08:00-16:30 London time • Frankfurt: 09:00-17:30 Frankfurt time • New York: 09:30-16:00 New York time • Custom: User-defined session • Previous Sessions: Shows multiple historical ORs Custom Session Settings • Custom Session Time: Define your own trading hours • Custom Session Name: Label for your custom session Display Options Line Settings • Line Width: 1-5 (Default: 2) • Line Style: Solid, Dashed, or Dotted • Show Current Only: Hide historical OR lines • Show Session Name: Display session label on chart Color Customization • OR Resistance (High): Default red • OR Support (Low): Default green • Session Colors: Unique color per session type • Zone Colors: Separate colors for OR and PDH/PDL zones Pattern Zone Settings Zone Configuration • Show Pattern Detection Zone: Enable/disable zones • OR Zone Size: Percentage of OR range (Default: 2%) • PDH/PDL Zone Size: Percentage of PDH-PDL range (Default: 1.5%) • CDH/CDL Zone Size: Percentage of CDH-CDL range (Default: 1.5%) • Show Zone Labels: Display zone boundary values • Only Detect Patterns in Zone: Limit pattern detection to zones Mid-Point Settings • Show Opening Range Mid-Point: Display OR midline • Mid-Point Color: Default gray • Mid-Point Style: Dotted, Dashed, or Solid • Show Mid-Point Label: Display midpoint value Previous Day Levels • Show Previous Day High/Low: Enable PDH/PDL lines • PDH/PDL Colors: Default yellow • PDH/PDL Line Style: Customizable style • Show PDH/PDL Labels: Display level values Current Day Levels • Show Current Day High/Low: Enable CDH/CDL lines • CDH/CDL Colors: Default blue • CDH/CDL Line Style: Customizable style • Show CDH/CDL Labels: Display level values • Update Frequency: Real-time updates as new highs/lows are made ________________________________________ 5. Trading Signals Signal Types 6. Breakout Signals • Bullish (Buy): Green triangle below candle when price breaks above OR High • Bearish (Sell): Red triangle above candle when price breaks below OR Low 7. Pattern-Enhanced Signals Signals are generated when breakouts occur WITH confirming patterns: • Stronger probability of follow-through • Reduced false breakouts • Better risk/reward setups Signal Configuration Alert Settings • Enable Alerts: Turn alerts on/off • Show Buy/Sell Signals: Visual signals on chart • Show Signal Text: Display "BUY"/"SELL" labels Pattern Filter Options • Use Candle Pattern Filter: Require patterns for signals • Pattern Combination Mode: o Any Pattern: Signal on any single pattern o Multiple Patterns: Require minimum pattern count o Specific Combo: Require specific pattern combinations ________________________________________ 6. Pattern Recognition Supported Patterns 7. Engulfing Pattern • Bullish Engulfing: Large green candle completely engulfs previous red candle • Bearish Engulfing: Large red candle completely engulfs previous green candle • Label: "E" 8. Hammer/Shooting Star • Hammer: Small body at top, long lower wick (2x body size) • Shooting Star: Small body at bottom, long upper wick (2x body size) • Labels: "H" (Hammer), "S" (Shooting Star) 9. Doji Pattern • Definition: Open and close nearly equal (body < 10% of average) • Significance: Indecision, potential reversal • Label: "D" 10. John Wick Pattern (Unique Feature) • Bullish John Wick: o Opens below previous candle's low o 30-70% of body extends below previous low o Strong momentum indication • Bearish John Wick: o Opens above previous candle's high o 30-70% of body extends above previous high • Label: "JW" Pattern Visualization • Pattern Markers: Small circular labels with pattern abbreviations • Pattern Count: Number showing total patterns detected • Pattern Background: Optional highlighting (disabled by default) • Positioning: o Bullish patterns: Below candles at varying distances o Bearish patterns: Above candles at varying distances ________________________________________ 7. Zone Trading Zone Concept Zones are buffer areas around key levels where price action and patterns are monitored more closely. Zone Types 8. Opening Range Zones • OR High Zone: Area around the OR High level • OR Low Zone: Area around the OR Low level • Purpose: Identify potential breakout or rejection areas 9. PDH/PDL Zones • PDH Zone: Area around Previous Day High • PDL Zone: Area around Previous Day Low • Purpose: Monitor reactions at key daily levels 10. CDH/CDL Zones • CDH Zone: Area around Current Day High • CDL Zone: Area around Current Day Low • Purpose: Track reactions at evolving intraday extremes • Dynamic Nature: These zones move as new highs/lows are established Zone Features • Visual Representation: Semi-transparent colored boxes • Customizable Size: Percentage-based calculation • Pattern Detection: Option to only detect patterns within zones • Bar Coloring: Candles change color when in zones Zone Trading Strategy 11. Wait for price to enter a zone 12. Look for pattern formation within the zone 13. Trade breakouts with pattern confirmation 14. Use zone boundaries as stop-loss references ________________________________________ 8. Alert Setup Creating Alerts Step 1: Basic Alert Setup 9. Right-click on the chart 10. Select "Add Alert" 11. Choose "ORB The Luxe" from Condition dropdown 12. Select alert type Step 2: Alert Types • Any alert() function call: All indicator alerts • Crossed above OR High: Bullish breakout • Crossed below OR Low: Bearish breakout Alert Messages Alerts include: • Session name (e.g., "New York") • Direction (above/below) • Level crossed • Pattern detected (if applicable) • Zone information (if in zone) Alert Best Practices 13. Set alerts after the OR is established (15+ minutes into session) 14. Use pattern filters to reduce false signals 15. Consider zone alerts for higher probability setups 16. Set stop-loss alerts at opposite OR level ________________________________________ 9. Trading Strategies Strategy 1: Classic ORB 10. Entry: o Long: Break above OR High o Short: Break below OR Low 11. Stop Loss: Opposite OR level 12. Target: 1:2 or 1:3 risk/reward 13. Best Time: First 2 hours after OR Strategy 2: ORB with Pattern Confirmation 14. Entry Requirements: o Breakout signal o At least one confirming pattern o Preferably within a zone 15. Stop Loss: Mid-point of OR 16. Target: Previous day's high/low or current day's high/low 17. Win Rate: Higher than classic ORB Strategy 3: Zone Rejection Trading 18. Setup: Price enters zone but fails to break OR 19. Entry: Reversal pattern in zone 20. Stop Loss: Just outside zone boundary 21. Target: Opposite OR level 22. Best For: Range-bound markets Strategy 4: Multi-Session Confluence 23. Look for: Alignment of multiple session ORs 24. Entry: Break of aligned levels 25. Confirmation: Pattern at confluence point 26. Target: Extended moves expected 27. Additional Edge: Watch for CDH/CDL tests during the session Strategy 5: CDH/CDL Breakout Trading 1. Setup: Price approaches current day's high or low 2. Entry: Break and hold above CDH or below CDL 3. Confirmation: Volume increase or pattern formation 4. Stop Loss: Just inside the CDH/CDL level 5. Target: Measured move based on intraday range 6. Best For: Trending days with momentum Risk Management Rules • Position Size: Risk 1-2% per trade • Max Daily Loss: 3-5% of account • Avoid: First and last 15 minutes of session • Best Days: Tuesday through Thursday ________________________________________ 10. Best Practices Do's: • Wait for OR to be established (15 minutes) • Use multiple confirmations (pattern + zone + volume) • Trade in the direction of the larger trend • Set alerts to avoid missing opportunities • Keep a trading journal of ORB trades • Adjust zones based on market volatility • Use proper position sizing Don'ts: • Trade immediately at market open • Ignore the overall market context • Trade every OR breakout • Use in choppy/low volume markets • Set stops too close to entry • Trade against strong trends • Over-leverage positions Market Conditions Best Performance: • Trending days • High volume sessions • Economic news days • Clear market sentiment Avoid During: • Low volume holidays • Extremely choppy conditions • Major uncertainty events • End of month/quarter repositioning ________________________________________ 11. Troubleshooting Common Issues and Solutions Issue: No signals appearing Solutions: • Ensure "Show Buy/Sell Signals" is enabled • Check if pattern filter is too restrictive • Verify correct session is selected • Confirm market has broken OR levels Issue: Too many false signals Solutions: • Enable pattern filter requirement • Use "Multiple Patterns" mode • Trade only within zones • Increase zone size percentage Issue: Incorrect session times Solutions: • Check timezone settings • Verify exchange timezone option • Use custom session for specific needs • Ensure chart timeframe is appropriate Issue: Overlapping indicators Solutions: • Disable pattern markers if too cluttered • Turn off signal text • Hide PDH/PDL or CDH/CDL if not needed • Use "Show Current Only" option Performance Tips 12. Reduce Chart Load: Hide historical sessions 13. Clean View: Disable unused pattern types 14. Mobile Trading: Increase line widths for visibility 15. Multiple Monitors: Use different sessions per screen Getting Help • Check indicator settings tooltips • Test on demo account first • Document your settings for consistency • Join ORB trading communities for tips ________________________________________ Conclusion The Opening Range Breakout with John Wick indicator is a powerful tool that combines time-tested ORB strategies with advanced pattern recognition. Success comes from understanding each component, practicing proper risk management, and adapting the tool to your trading style. Remember: No indicator guarantees profits. Always use proper risk management and continuous education to improve your trading results. Happy Trading! ________________________________________ Version: 1.0 Last Updated: June 2025 Pine Script Version: 6
Pine Script® indicator
by kiemonline2016
Curved Trend Channels (Zeiierman)█ Overview Curved Trend Channels (Zeiierman) is a next-generation trend visualization tool engineered to adapt dynamically to both linear and non-linear market behavior. It introduces a novel curvature-based channeling system that grows over time during trending conditions, mirroring the natural acceleration of price trends, while simultaneously leveraging adaptive range filtering and dual-layer candle trend logic. This tool is ideal for traders seeking smooth yet reactive dynamic channels that evolve with market structure. Whether used in curved mode or traditional slope mode, it provides exceptional clarity on trend transitions, volatility compression, and breakout development. █ How It Works ⚪ Adaptive Range Filter Foundation The core of the system is a volatility-based range filter that determines the underlying structure of the bands: Pre-Smoothing of High/Low Data – Highs and lows are smoothed using a selectable moving average (SMA, EMA, HMA, KAMA, etc.) before calculating the volatility range. Volatility Envelope – The range is scaled using a fixed factor (2.618) and further adjusted by a Band Multiplier to form the primary envelope around price. Smoothed Volatility Curve – Final bands are stabilized using a long lookback, ensuring clean visual structure and trend clarity. ⚪ Curved Channel Logic In Curved Mode, the trend channel grows over time when the trend direction remains unchanged: Base Step Size (× ATR) – Sets the minimum unit of slope change. Growth per Bar (× ATR) – Defines the acceleration rate of the channel slope with time. Trend Persistence Recognition – The longer a trend persists, the more pronounced the slope becomes, mimicking real market accelerations. This dynamic, time-dependent logic enables the channel to "curve" upward or downward, tracking long-standing trends with increasing confidence. ⚪ Trend Slope As an alternative to curved logic, traders can activate a regular Trend slope using: Slope Length – Determines how quickly the trend line adapts to price shifts. Multiplicative Factor – Amplifies the sensitivity of the slope, useful in fast-moving markets or lower timeframes. ⚪ Candle Trend Confirmation A robust second-layer trend detection method, the Candle Trend System evaluates directional pressure by analyzing smoothed price action: Multi-tier Smoothing – Trend lines are derived from short-, medium-, and long-term candle movement. █ How to Use ⚪ Trend Identification When the Trend Line direction and Candle Colors are in agreement, this indicates strong, persistent directional conviction. Use these moments to enter with trend confirmation and manage risk more confidently. ⚪ Retest During ongoing trends, the price will often pull back into the dynamic channel. Look for: Support/resistance interactions at the upper or lower bands. █ Settings Scaled Volatility Length – Controls the historical depth used to stabilize the volatility bands. Smoothing Type – Choose from HMA, KAMA, VIDYA, FRAMA, Super Smoother, etc. to match your asset and trading style. Volatility MA Length – Smoothing length for the calculated range; shorter = more reactive. High/Low Smoother Length – Additional smoothing to reduce noise from spikes or false pivots. Band Multiplier – Widens or tightens the band range based on personal preference. Enable Curved Channel – Toggle between curved or regular trend slope behavior. Base Step (× ATR) – The starting point for curved slope progression. Growth per Bar (× ATR) – How much the slope accelerates per bar during a sustained trend. Slope – Reactivity of the standard trend line to price movements. Multiplicative Factor – Sensitivity adjustment for HyperTrend slope. Candle Trend Length – Lookback period for trend determination from candle structure. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Pine Script® indicator
by Zeiierman
9