Multi-Timeframe Highs and LowsThe "Multi-Timeframe Highs and Lows" indicator is a comprehensive tool designed to plot recent Highs and Lows across multiple timeframes, including 15-Minute, 30-Minute, 1-Hour, 4-Hour, 8-Hour, Daily, Weekly, and Monthly. This indicator provides traders with a clear view of critical support and resistance levels, enabling precise decision-making for entries, exits, and stop-loss placements. It features customizable lookbacks, dynamic line extensions, and advanced label placement logic to prevent overlap, ensuring a clean and clutter-free chart. With fully customizable colors and styles for each timeframe, traders can tailor the indicator to their preferences. Whether you’re a scalper, swing trader, or position trader, this tool adapts to your strategy, providing actionable insights for breakout, reversal, and trend-following setups. Optimized for performance, it handles multiple lines and labels efficiently, making it suitable for high-activity charts. The "Multi-Timeframe Highs and Lows" indicator is an indispensable tool for traders seeking to identify and utilize key price levels across all timeframes with precision and clarity.
Candlestick analysis
Wyckoff Trading Strategy for XAU/USD by KAIZVIETNAMXAU/USD TF M15 TP SL 20-30 pip
- Volume: Calculates the average volume based on the SMA to compare with the current trading volume.
- ATR (Average True Range): Calculated to determine price volatility.
- Support and Resistance Levels: Identifies support and resistance levels over the last 10 trading sessions.
Specific Point Identification
- A series of functions are defined to detect critical phases in the market structure, such as:
- Finding Preliminary Support: Recognizing signals of accumulation near support levels.
- Finding Selling Climax: Detecting signals of profit-taking near resistance levels.
- Finding Last Point of Support: Identifying points that provide stability for the price.
- Finding Preliminary Supply: Recognizing supply signals near resistance levels.
- Finding Buying Climax: Identifying strong buy signals accompanied by high trading volume.
- Finding Sign of Weakness: Determining instances of price adjustments that could lead to declines.
Market State Identification
- Accumulation: When the closing price is situated between the support and resistance levels.
- Distribution: When the closing price approaches the highest level of the previous few sessions.
- Sideways: When there is no clear bias toward either an upward or downward trend.
Buy and Sell Signals
- Buy Signals: Determined through finding preliminary support, selling climax, and last point of support.
- Sell Signals: Determined through finding preliminary supply, buying climax, and signs of weakness.
Engulfing Candle IndicatorThis indicator helps identify Bullish and Bearish Engulfing candle patterns on your chart.
Bullish Engulfing: Occurs when a green candle completely engulfs the prior red candle, signaling potential upward momentum.
Bearish Engulfing: Occurs when a red candle completely engulfs the prior green candle, signaling potential downward momentum.
The script highlights these patterns with green triangles below the bars for Bullish Engulfing and red triangles above the bars for Bearish Engulfing.
This tool is helpful for traders who use candlestick patterns as part of their technical analysis strategy.
Liquidity + Engulfment StrategyThis strategy identifies potential trading opportunities by combining bullish and bearish engulfing candle patterns with liquidity seal-off points. The logic is based on the concept of engulfing candles, which signal a shift in market sentiment, and liquidity lines, which represent local price extremes (highs and lows) that can indicate potential reversal or continuation points.
Key Features:
Mode Selection
The strategy allows for three modes: "Both", "Bullish Only", and "Bearish Only". Users can choose whether to trade both directions, only bullish setups, or only bearish setups.
Time Range
Users can define a specific time range for when the strategy is active, enabling tailored analysis and trade execution over a desired period.
Engulfing Candles
Bullish Engulfing: A candle that closes above the high of the previous bearish candle, signaling potential upward momentum.
Bearish Engulfing: A candle that closes below the low of the previous bullish candle, indicating a potential downtrend.
Liquidity Seal-Off Points
The strategy detects local highs and local lows within a specified lookback period, which can serve as critical support and resistance points.
A bullish signal is triggered when the price touches a lower liquidity point (local low), and a bearish signal is triggered at a higher liquidity point (local high).
Signal Confirmation
Signals are only triggered when both an engulfing candle and the price action at a liquidity seal-off point align. This helps filter out weaker signals.
Consecutive signals are prevented by locking the trade direction after an initial signal and waiting for the liquidity line to be broken before re-triggering a signal.
Entry and Exit Conditions
The strategy can enter both long (bullish) or short (bearish) positions based on the mode and signals.
Exit is based on opposing signals or reaching predefined stop-loss and take-profit levels.
Alerts
The strategy supports alert conditions to notify users when bullish engulfing after a lower liquidity touch or bearish engulfing after an upper liquidity touch is detected.
Overnight High/LowThe script identifies the Overnight High (the highest price) and Overnight Low (the lowest price) for a trading instrument during a specified overnight session. It then plots these levels on the chart for reference in subsequent trading sessions.
Key Features:
Time Settings:
The script defines the start (startHour) and end (endHour + endMinute) times for the overnight session.
The session spans across two calendar days, such as 5:00 PM (17:00) to 9:30 AM (09:30).
Tracking High and Low:
During the overnight session, the script dynamically tracks:
Overnight High: The highest price reached during the session.
Overnight Low: The lowest price reached during the session.
Reset Mechanism:
After the overnight session ends (at the specified end time), the script resets the overnightHigh and overnightLow variables, preparing for the next session.
Visual Representation:
The script uses horizontal dotted lines to plot:
A green line for the Overnight High.
A red line for the Overnight Low.
These lines extend to the right of the chart, providing visual reference points for traders.
How It Works:
Session Detection:
The script checks whether the current time falls within the overnight session:
If the hour is greater than or equal to the start hour (e.g., 17:00).
Or if the hour is less than or equal to the end hour (e.g., 09:30), considering the next day.
The end minute (e.g., 30 minutes past the hour) is also considered for precision.
High and Low Calculation:
During the overnight session:
If the overnightHigh is not yet defined, it initializes with the current candle's high.
If already defined, it updates by comparing the current candle's high to the existing overnightHigh using the math.max function.
Similarly, overnightLow is initialized or updated using the math.min function.
Post-Session Reset:
After the session ends, the script clears the overnightHigh and overnightLow variables by setting them to na (not available).
Line Drawing:
The script draws horizontal dotted lines for the Overnight High and Low during and after the session.
The lines extend indefinitely to the right of the chart.
Benefits:
Visual Aid: Helps traders quickly identify overnight support and resistance levels, which are critical for intraday trading.
Automation: Removes the need for manually plotting these levels each day.
Customizable: Time settings can be adjusted to match different markets or trading strategies.
This script is ideal for traders who use the overnight range as part of their analysis for breakouts, reversals, or trend continuation strategies.
Katalyst's Opening Range BreakoutKatalyst's Opening Range Breakout + No Trade Zone
📜 Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.
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🎯 Key Features:
1. **Customizable Opening Range**:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.
2. **Dynamic Line Styling**:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.
3. **No Trade Zone** *(Optional / Disabled by default)*:
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.
4. **Labels for Precision**:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.
5. **Clean and Efficient Updates**:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.
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⚙️ How to Use:
1. **Select Your Timeframe**:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.
2. **Customize the Visuals**:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.
3. **Interpret the Breakout**:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.
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🛠 Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.
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📈 Ideal For
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.
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🔍 Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.
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✨ Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.
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Let me know if you need any additional tweaks or clarifications for this description. It's all set to help traders understand and use your powerful script! 🚀📈
BTC/USDT Volume-Based StrategyOverview
There is a distinct difference between the buying pressure exerted by individual investors and the buying pressure of institutional or "whale" traders. Monitoring volume data over a shorter period of time is crucial to distinguish these subtle differences. When whale investors or other significant market players signal price increases, volume often surges noticeably. Indeed, volume often acts as an important leading indicator in market dynamics.
Key Features
This metric, calibrated with a 5-minute Bitcoin spot chart, identifies a significant inflow of trading volume. For every K-plus surge in trading volume, those candles are shown in a green circle.
When a green circle appears, consider active long positions in subsequent declines and continue to accumulate long positions despite temporary price declines. Pay attention to the continuity of the increase in volume before locking in earnings even after the initial bullish wave.
Conversely, it may be wise to reevaluate the long position if the volume is not increasing in parallel and the price is rising. Under these conditions, starting a partial short position may be advantageous until a larger surge in volume reappears.
InspireHER Dynamic EMA RR Positioning IndicatorDynamic EMA and RR Positioning Indicator
This indicator is designed to provide traders with highly customizable buy and sell signals based on EMA (Exponential Moving Average) crossovers and Risk-to-Reward (RR) ratios. It works on any timeframe and allows users to toggle price data and additional position boxes for visualizing trade setups. Additionally, traders can choose between displaying dots or labeled signals for buy/sell indicators, making this tool versatile and user-friendly for different preferences and strategies.
What Makes This Indicator Unique
Customizable Parameters: The script offers extensive options for tailoring the indicator to your preferred trading style and strategy:
EMA: Configurable through settings (default is a 21-period EMA).
Risk-to-Reward Ratio (RR): Adjustable to meet your desired RR levels (default is 1:2.5).
Lookback Period: Visualizes buy/sell signals over the last six months.
Position Boxes for Trade Visualization: The indicator can "draw" position boxes on the chart, showing potential entry points, stop-loss (SL), and take-profit (TP) levels based on the selected RR. These visual aids simplify decision-making and help evaluate trade opportunities directly on the chart.
Price Data Toggle: Traders can choose to view or hide price data related to trade signals, including TP, SL, and RR values. By default, this is turned off to maintain a clean chart but can be activated when needed.
Flexible Signal Display Options:
Dots Mode: Displays buy signals as green dots and sell signals as red dots on the chart.
Label Mode: Displays buy signals as labels with the word "Buy" in green and sell signals as labels with the word "Sell" in red.
This toggle allows traders to customize how signals are displayed for a more personalized trading experience.
Simple Signal View: A toggle option provides a cleaner chart by enabling or disabling additional visual elements like circles or labels.
How It Works
Buy Signal: Triggered when the price crosses the EMA and closes above it.
Entry: Top of the candle.
Stop-Loss: Bottom of the candle.
Take-Profit: Calculated based on the selected RR.
Sell Signal: Triggered when the price crosses the EMA and closes below it.
Entry: Bottom of the candle.
Stop-Loss: Top of the candle.
Take-Profit: Calculated based on the selected RR.
Default Settings
EMA: 21-period.
Risk-to-Reward Ratio: 1:2.5.
Price Data: Off (can be toggled on in settings).
Position Boxes: Off (can be toggled on in settings).
Signal Display: Labels mode with "Buy" (green) and "Sell" (red) enabled by default; can be toggled to Dots mode.
Timeframe: Any timeframe supported.
How to Use
Add the Indicator to Your Chart: Once applied, the EMA line and buy/sell signals will appear by default.
Customize Settings: Navigate to the indicator's settings to adjust EMA, RR, or enable/disable Price Data, Position Boxes, or switch between Dots and Label modes.
Trade with Confidence: Use the visual aids and signals to assess trade opportunities based on your strategy and timeframe.
This indicator combines the reliability of EMA-based signals with the flexibility of configurable RR, visual trade setups, and multiple signal display options, making it a powerful tool for all types of traders. Happy Trading!!
Candlestick Patterns with SignalsIdentified Patterns:
Bullish Engulfing: Indicates potential upward price movement, marked with green labels and lines.
Bearish Engulfing: Suggests potential downward price movement, marked with red labels and lines.
Hammer: A bullish reversal pattern, marked with blue labels.
Shooting Star: A bearish reversal pattern, marked with orange labels.
Signal Generation:
Long Signal: Triggered when a Bullish Engulfing or Hammer pattern is detected. A dotted green line marks the entry level.
Short Signal: Triggered when a Bearish Engulfing or Shooting Star pattern is detected. A dotted red line marks the entry level.
Visual Elements:
Labels indicating the candlestick pattern names appear at the relevant candles.
Lines connect the previous and current candles for engulfing patterns to highlight their range.
Dotted lines indicate potential entry levels for long or short trades.
SMA Proximity Signal with Trend TableSummary of the Script:
This Pine Script is designed to provide a variety of technical analysis signals based on Simple Moving Averages (SMAs) and market trends across different timeframes. The script combines multiple indicators, such as the SMA crossover, proximity conditions, and trend analysis, along with visual markers and support/resistance lines. Below is a detailed breakdown of the key features:
The script detects crossovers between SMA1 and SMA2 and SMA1 and SMA3, marking them with green circles exactly at the crossover price level (not on the candles).
The crossover events are identified using ta.crossover and ta.crossunder functions.
Additional circles are drawn when other SMAs are in proximity (narrow stage)
Elephant Candle Pattern:
The script identifies "Elephant Candles" based on a large candle body relative to the overall size of the candle, using the condition where the candle body is at least 80% of the total candle size and at least 1.5 times the average candle size.
These candles are marked with an elephant emoji 🐘 at the top of the candle.
Trend Analysis Across Multiple Timeframes:
The script calculates the trend for different timeframes using the SMA20 of each timeframe:
5m, 15m, 1h, 4h, and 1D
It compares the current SMA20 to its previous value to determine whether the trend is Up, Down, or Flat.
Highest High, Lowest Low, Midpoint for Selected Days [kiyarash]Highest High, Lowest Low, and Midpoint for Selected Days Indicator
This custom TradingView indicator allows you to visualize the highest high, lowest low, and the midpoint (average of the highest high and lowest low) over a custom-defined period. You can choose a starting date and specify how many days ahead you want to track the highest and lowest values. This is useful for identifying key levels in a trend and potential support or resistance zones.
How to Use:
Set the Starting Date:
In the settings, input the starting date from which you want to begin tracking the price range. This will be the reference point for your analysis.
Choose the Number of Days to Track:
Specify how many days you want to analyze from the selected starting date. For example, if you want to see the highest high and lowest low over the next 3 days, enter "3" in the settings.
Visualizing the Levels:
The indicator will automatically calculate the highest price and the lowest price over the selected period and draw three lines:
Red Line: Represents the Highest High within the selected period.
Green Line: Represents the Lowest Low within the selected period.
Blue Line: Represents the Midpoint, which is the average of the Highest High and Lowest Low.
Interpretation:
Highest High is a key resistance level, indicating the highest price reached within the specified period.
Lowest Low is a key support level, showing the lowest price during the same period.
Midpoint provides a reference for the average price, often acting as a neutral level between support and resistance.
This tool can help traders to quickly assess potential market ranges, identify breakout or breakdown points, and make informed decisions based on recent price action.
How to Apply:
Add the indicator to your chart.
Adjust the settings to choose your desired starting date and the number of days you want to analyze.
Observe the drawn lines for the Highest High, Lowest Low, and Midpoint levels, and use them to assist in your trading decisions.
Enhanced Gap Up/Down AnalysisThis Pine Script indicator, titled "Enhanced Gap Up/Down Analysis", is designed to visually analyze the percentage gaps between the current day's opening price and the previous day's closing price. It provides valuable insights into market behavior by categorizing gaps and coloring them based on specific conditions.
Key Features:
Bar Coloring Based on Conditions:
Gap-Up Days:
Green if the day closes higher than it opens.
Red if the day closes lower than it opens.
Gap-Down Days:
Red if the day closes lower than it opens.
Green if the day closes higher than it opens.
The bar's position reflects the gap percentage (positive values for gap-ups above the X-axis, negative values for gap-downs below the X-axis).
Gap Size Thresholds:
Users can define small and moderate gap thresholds to categorize gaps:
Small Gaps: Transparent color.
Moderate Gaps: Opaque color.
Large Gaps: Fully visible color.
Ensures small gaps are less than moderate gaps with validation logic.
Filter Gaps by Percentage:
Includes filters to show gaps only within a user-defined range (minFilterGap to maxFilterGap).
Histogram Visualization:
Plots the gap percentages as a histogram for easy visual analysis:
Positive bars for gap-ups.
Negative bars for gap-downs.
Alerts for Large Gaps:
Alerts notify when a gap exceeds the moderate threshold in either direction.
Use Cases:
Identify Market Sentiment:
Quickly assess whether gap-ups or gap-downs dominate.
Analyze whether gaps tend to follow through or reverse by observing bar colors.
Filter Relevant Gaps:
Focus on significant gaps (e.g., only gaps greater than 2%).
Visual Aid for Trading:
Helps traders detect patterns in market gaps and price movement relationships (e.g., gaps and reversals).
Customizable Inputs:
Small and Moderate Gap Thresholds: Define gap categories.
Gap Filter Range: Control which gaps to display.
Alerts: Get notified of significant gaps.
This tool is particularly useful for traders analyzing price gaps and their implications for market trends or reversals.
Fibonacci Confluence Toolkit [LuxAlgo]The Fibonacci Confluence Toolkit is a technical analysis tool designed to help traders identify potential price reversal zones by combining key market signals and patterns. It highlights areas of interest where significant price action or reactions are anticipated, automatically applies Fibonacci retracement levels to outline potential pullback zones, and detects engulfing candle patterns.
Its unique strength lies in its reliance solely on price patterns, eliminating the need for user-defined inputs, ensuring a robust and objective analysis of market dynamics.
🔶 USAGE
The script begins by detecting CHoCH (Change of Character) points—key indicators of shifts in market direction. This script integrates the principles of pure price action as applied in Pure-Price-Action-Structures , where further details on the detection process can be found.
The detected CHoCH points serve as the foundation for defining an Area of Interest (AOI), a zone where significant price action or reactions are anticipated.
As new swing highs or lows emerge within the AOI, the tool automatically applies Fibonacci retracement levels to outline potential retracement zones. This setup enables traders to identify areas where price pullbacks may occur, offering actionable insights into potential entries or reversals.
Additionally, the toolkit highlights engulfing candle patterns within these zones, further refining entry points and enhancing confluence for better-informed trading decisions based on real-time trend dynamics and price behavior.
🔶 SETTINGS
🔹 Market Patterns
Bullish Structures: Enable or disable all bullish components of the indicator.
Bearish Structures: Enable or disable all bearish components of the indicator.
Highlight Area of Interest: Toggle the option to highlight the Areas of Interest (enabled or disabled).
CHoCH Line: Choose the line style for the CHoCH (Solid, Dashed, or Dotted).
Width: Adjust the width of the CHoCH line.
🔹 Retracement Levels
Choose which Fibonacci retracement levels to display (e.g., 0, 0.236, 0.382, etc.).
🔹 Swing Levels & Engulfing Patterns
Swing Levels: Select how swing levels are marked (symbols like ◉, △▽, or H/L).
Engulfing Candle Patterns: Choose which engulfing candle patterns to detect (All, Structure-Based, or Disabled).
🔶 RELATED SCRIPTS
Pure-Price-Action-Structures.
Implied Leverage Ratio Between Current Symbol and BTCThis script calculates and visualizes the implied leverage ratio between the current symbol and Bitcoin (BTC). The implied leverage ratio is computed by comparing the cumulative price changes of the two symbols over a defined number of candles. The results provide insights into how the current symbol performs relative to BTC in terms of bullish (upward) and bearish (downward) movements.
Features
Cumulative Up and Down Ratios:
The script calculates the cumulative price increase (up) and decrease (down) ratios for both the current symbol and BTC. These ratios are based on the percentage changes relative to each candle's opening price.
Implied Leverage Ratio:
For bullish movements, the cumulative up ratio of the current symbol is divided by BTC's cumulative up ratio.
For bearish movements, the cumulative down ratio of the current symbol is divided by BTC's cumulative down ratio.
These values reflect the implied leverage of the current symbol relative to BTC in both directions.
Customizable Comparison Symbol:
By default, the script compares the current symbol to BINANCE:BTCUSDT. However, you can specify any other symbol to tailor the analysis.
Interactive Visualization:
Green Line: Represents the ratio of cumulative up movements (current symbol vs. BTC).
Red Line: Represents the ratio of cumulative down movements (current symbol vs. BTC).
A horizontal zero line is included for reference, ensuring the chart always starts from zero.
How to Use
Add this script to your chart from the Pine Editor or the public library.
Customize the number of candles (t) to define the period over which cumulative changes are calculated.
If desired, replace the comparison symbol with another asset in the input settings.
Analyze the green and red lines to identify relative strength and implied leverage trends.
Who Can Benefit
Traders and Analysts: Gain insights into the relative performance of altcoins, stocks, or other instruments against BTC.
Leverage Seekers: Identify assets with higher or lower implied leverage compared to Bitcoin.
Market Comparisons: Understand how various assets react to market movements relative to BTC.
This tool is particularly useful for identifying potential outperformers or underperformers relative to Bitcoin and can guide strategic decisions in trading pairs or market analysis.
squeeze candles with volume Function :
This indicator was designed to detect specific candles called “squeeze”. These candles are characterized by a relatively small body (the difference between the opening and closing price) and long shadows (the distance between the high and low prices), accompanied by significant volume. They often indicate a period of increased volatility or a potential trend reversal.
Use :
Visual detection:
Candles identified as "squeeze" are highlighted in red on the chart.
An “S” icon appears above each detected squeeze candle.
Alerts:
The indicator emits an audible and visual alert when a squeeze candle with high volume is detected (if alerts are enabled).
Market analysis:
This indicator is particularly useful for identifying trading opportunities during periods when the market is showing signs of compression or impending volatility.
Customizable settings:
Minimum volume: Defines the threshold at which the volume is considered high.
Maximum body/shadow ratio: Allows you to adjust the sensitivity to detect squeeze candles (the lower the ratio, the smaller the detected candles will have in relation to their shadows).
Benefits :
Provides accurate alerts on key market candles.
Helps anticipate large movements through analysis of volume and candle characteristics.
Adaptable to different strategies thanks to adjustable parameters.
Ideal for:
Traders who want to identify areas of potential volatility or reversal signals in the market, regardless of the asset or time frame used.
Options Betting Range - Extended# Options Betting Range - Extended
**Options Betting Range - Extended** is a versatile TradingView indicator designed to assist traders in identifying and visualizing optimal options trading ranges for multiple symbols. By leveraging predefined prediction and execution dates along with specific high and low price points, this indicator dynamically draws trendlines to highlight potential options betting zones, enhancing your trading strategy and decision-making process.
## **Key Features**
- **Multi-Symbol Support:** Automatically adapts to popular symbols such as SPY, IWM, QQQ, DIA, TLT, and GOOG, providing tailored options betting ranges for each.
- **Dynamic Trendlines:** Draws both dashed and solid trendlines based on user-defined prediction and execution dates, clearly marking high and low price boundaries.
- **Customizable Parameters:** Easily configure prediction and execution dates, high and low prices, and timezones to suit your specific trading requirements.
- **Single Execution:** Ensures that each trendline is drawn only once per specified prediction date, preventing clutter and maintaining chart clarity.
- **Clear Visual Indicators:** Utilizes color-coded labels to denote high (green) and low (red) price points, making it easy to identify critical trading levels at a glance.
## **How It Works**
1. **Initialization:**
- Upon adding the indicator to your chart, it initializes with predefined symbols and their corresponding high and low price points for two trendlines each.
2. **Configuration:**
- **Trendline 1:**
- **Prediction Date:** Set the year, month, and day when the trendline should be predicted.
- **Execution Date:** Define the year, month, and day when the trendline will be executed.
- **Timezone:** Choose the appropriate timezone to ensure accurate date matching.
- **Trendline 2:**
- Similarly, configure the prediction and execution dates along with the timezone.
3. **Trendline Drawing:**
- On reaching the specified prediction date, the indicator draws dashed trendlines representing the high and low price ranges.
- Solid trendlines are then drawn to solidify the high and low price boundaries.
- Labels are added to clearly mark the high and low price points on the chart.
4. **Visualization:**
- The trendlines and labels provide a visual framework for potential options trading ranges, allowing traders to make informed decisions based on these predefined levels.
## **How to Use**
1. **Add the Indicator:**
- Open your TradingView chart and apply the **Options Betting Range - Extended** indicator.
2. **Select a Symbol:**
- Ensure that the chart is set to one of the supported symbols (e.g., SPY, IWM, QQQ, DIA, TLT, GOOG) to activate the corresponding trendline configurations.
3. **Configure Trendline Parameters:**
- Access the indicator settings to input your desired prediction and execution dates, high and low prices, and select the appropriate timezone for each trendline.
4. **Monitor Trendlines:**
- As the chart progresses to the specified prediction dates, observe the dynamically drawn trendlines and labels indicating the options betting ranges.
5. **Make Informed Trades:**
- Utilize the visual cues provided by the trendlines to identify optimal entry and exit points for your options trading strategies.
## **Benefits**
- **Enhanced Strategy Visualization:** Clearly outlines potential trading ranges, aiding in the formulation and execution of precise options strategies.
- **Time-Saving Automation:** Automatically draws trendlines based on your configurations, reducing the need for manual chart analysis.
- **Improved Decision-Making:** Provides objective price levels for trading, minimizing emotional bias and enhancing analytical precision.
## **Important Considerations**
- **Timezone Accuracy:** Ensure that the timezones selected in the indicator settings align with your chart's timezone to maintain accurate date matching.
- **Chart Timeframe:** The prediction dates should correspond to the timeframe of your chart (e.g., daily, hourly) to ensure that trendlines are triggered correctly.
- **Visible Price Range:** Verify that the high and low prices set for trendlines are within the visible range of your chart to ensure that all trendlines and labels are clearly visible.
## **Conclusion**
**Options Betting Range - Extended** is a powerful tool for traders seeking to automate and visualize their options trading ranges across multiple symbols. By providing clear, customizable trendlines based on specific prediction and execution dates, this indicator enhances your ability to identify and act upon strategic trading opportunities with confidence.
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Square Numbers Horizontal LinesTrading with square numbers is a unique approach to technical analysis, where square numbers (1, 4, 9, 16, 25, etc.) are used to guide the identification of potential levels of support, resistance, and price targets. These numbers are often considered in a more mathematical or geometric context, and they can be applied in trading strategies, chart patterns, and psychological market analysis.
Max/Min LevelsHighlights highs and lows that match the search criteria. A high is considered to be broken if the candlestick breaks through its shadow
A three-candlestick pattern will match the parameters:
Candle before - 1
Candle after - 1
A five-candlestick pattern will match the parameters:
Candle before - 2
Candle after - 2
Alternative Price [OmegaTools]The Alternative Price script is a sophisticated and flexible indicator designed to redefine how traders visualize and interpret price data. By offering multiple unique charting modes, robust customization options, and advanced features, this tool provides a comprehensive alternative to traditional price charts. It is particularly useful for identifying market trends, detecting patterns, and simplifying complex data into actionable insights.
This script is highly versatile, allowing users to choose from five distinct charting modes: Candles, Line, Channel, Renko, and Bubbles. Each mode serves a unique purpose and presents price information in an innovative way. When using this script, it is strongly recommended to hide the platform’s default price candles or chart data. Doing so will eliminate redundancy and provide a clearer and more focused view of the alternative price visualization.
The Candles mode offers a traditional candlestick charting style but with added flexibility. Users can choose to enable smoothed opens or smoothed closes, which adjust the way the open and close prices are calculated. When smoothed opens are enabled, the opening price is computed as the average of the actual open price and the closing prices of the previous two bars. This creates a more gradual representation of price transitions, particularly useful in markets prone to sudden spikes or irregularities. Similarly, smoothed closes modify the closing price by averaging it with the previous close, the high-low midpoint, and an exponential moving average of the high-low-close mean. This technique filters out noise, making trends and price momentum easier to identify.
In the Line mode, the script displays a simple line chart that connects the smoothed closing prices. This mode is ideal for traders who prefer minimalism or need to focus on the overall trend without the distraction of individual bar details. The Channel mode builds upon this by plotting additional lines representing the highs and lows of each bar. The resulting visualization resembles a price corridor that helps identify support and resistance zones or price compression areas.
The Renko mode introduces a more advanced and noise-filtering method of visualizing price movements. Renko charts, constructed using the ATR (Average True Range) as a baseline, display blocks that represent a specific price range. The script dynamically calculates the size of these blocks based on ATR, with separate thresholds for upward and downward movements. This makes Renko mode particularly effective for identifying sustained trends while ignoring minor price fluctuations. Additionally, the open and close values of Renko blocks can be smoothed to further refine the visualization.
The Bubbles mode represents price activity using circles or bubbles whose size corresponds to relative volume. This mode provides a quick and intuitive way to assess market participation at different price levels. Larger bubbles indicate higher trading volumes, while smaller bubbles highlight periods of lower activity. This visualization is particularly valuable in understanding the relationship between price movements and market liquidity.
The coloring of candles and other chart elements is a core feature of this script. Users can select between two color modes: Normal and Volume. In Normal mode, bullish candles are displayed in the user-defined bullish color, while bearish candles use the bearish color. Neutral elements, such as midpoints or undecided price movements, are shaded with a neutral color. In Volume mode, the candle colors are dynamically adjusted based on trading volume. A gradient color scale is applied, where the intensity of the bullish or bearish colors reflects the volume for that particular bar. This feature allows traders to visually identify periods of heightened activity and associate them with specific price movements.
Engulfing patterns, a popular technical analysis tool, are automatically detected and marked on the chart when the corresponding setting is enabled. The script identifies long engulfing patterns, where the current bar's range completely encompasses the previous bar’s range and indicates a potential bullish reversal. Similarly, short engulfing patterns are identified where the current bar fully engulfs the previous bar in the opposite direction, suggesting a bearish reversal. These patterns are visually highlighted with circular markers to draw the trader’s attention.
Each feature and mode is highly customizable. The colors for bullish, bearish, and neutral movements can be personalized, and the thresholds for patterns or smoothing can be fine-tuned to match specific trading strategies. The script's ability to toggle between various modes makes it adaptable to different market conditions and analysis preferences.
In summary, the Alternative Price script is a comprehensive tool that redefines the way traders view price charts. By offering multiple visualization modes, customizable features, and advanced detection algorithms, it provides a powerful way to uncover market trends, volume relationships, and significant patterns. The recommendation to hide default chart elements ensures that the focus remains on this innovative tool, enhancing its usability and clarity. This script empowers traders to gain deeper insights into market behavior and make informed trading decisions, all while maintaining a clean and visually appealing chart layout.
Keep in mind that some of the modes of this indicator might not reflect the actual closing price of the underlying asset, before opening a trade, check carefully the actual price!
Period Separator & Candle OHLCThis script combines two powerful tools for traders: period separators and custom timeframe-based OHLC (Open, High, Low, Close) data visualization. Here's what it does:
Period Separators:
The script draws vertical lines to indicate the start of new time periods based on a user-defined timeframe (e.g., hourly, daily, weekly).
Users can customize the separator color, line style (solid, dashed, dotted), and width to suit their preferences.
Fetches OHLC data from a higher or custom timeframe (e.g., 4 hours) and overlays it on the current chart.
Users can choose to display the open, high, low, and close prices as dots or circles for easy visualization.
Optionally, the open and close dots can be visually connected with a filled bar for a candlestick-like effect.
The script color-codes the close price relative to the open (green if higher, red if lower) to highlight price direction at a glance.
Fully Customizable:
Users have full control over which OHLC values to display and whether the dots should be filled.
Transparency settings for plotted dots and fills are also adjustable for optimal visibility on different chart styles.
How It Is Useful for Trading:
Timeframe Analysis:
The period separators make it easy to distinguish trading activity across custom time intervals. This is crucial for intraday, swing, and long-term traders who analyze price movements within specific periods.
Multi-Timeframe Insights:
By overlaying OHLC data from a higher timeframe on a lower timeframe chart, traders can identify key support and resistance levels, pivots, and trends that are not immediately visible on the current timeframe.
Trend Recognition:
The color-coded close dots (green for bullish, red for bearish) provide an instant visual cue of market sentiment, helping traders confirm or refute their bias.
Whether you're a scalper, day trader, or position trader, the flexibility in timeframe selection, styling, and data presentation ensures this tool can adapt to your trading strategy.
PC - HantuGalahThe PC - Hantu Galah indicator is a powerful tool designed for traders seeking to identify significant market momentum and volatility shifts. This indicator features a histogram graph that dynamically adapts to candle size and historical comparisons to highlight critical trading opportunities.
Key Features:
Histogram Visualization: The indicator plots a visually intuitive histogram graph to simplify analysis of candle size dynamics.
Dynamic Color Coding: The histogram turns blue when the current candle size exceeds 22 points and is also larger than the candle size from 20 periods back.
Momentum Detection: This feature makes it easier for traders to spot moments of heightened market activity, potentially signaling strong momentum or breakout scenarios.
This indicator is ideal for traders looking for a straightforward yet effective way to identify periods of high volatility and capitalize on strong price movements.
Nifty Options Trendy Markets with TSLNifty options strategy that works on volume, technical analysis etc
Blue Sniper V.1Overview
This Pine Script indicator is designed to generate Buy and Sell signals based on proximity to the 50 EMA, stochastic oscillator levels, retracement conditions, and EMA slopes. It is tailored for trending market conditions, making it ideal for identifying high-probability entry points during strong bullish or bearish trends.
Key Features:
Filters out signals in non-trending conditions.
Focuses on retracements near the 50 EMA for precise entries.
Supports alert notifications for Buy and Sell signals.
Includes a cooldown mechanism to prevent signal spamming.
Allows time-based filtering to restrict signals to a specific trading window.
How It Works
Trending Market Conditions
The indicator is most effective when the market exhibits a clear trend. It uses two exponential moving averages (50 EMA and 200 EMA) to determine the overall market trend:
Bullish Trend: 50 EMA is above the 200 EMA, and both EMAs have upward slopes.
Bearish Trend: 50 EMA is below the 200 EMA, and both EMAs have downward slopes.
Buy and Sell Conditions
Buy Signal:
The market is in a bullish trend.
Stochastic oscillator is in the oversold zone.
Price retraces upwards, breaking away from the recent low by more than 1.5 ATR.
Price is near the 50 EMA (within the defined proximity percentage).
Sell Signal:
The market is in a bearish trend.
Stochastic oscillator is in the overbought zone.
Price retraces downwards, breaking away from the recent high by more than 1.5 ATR.
Price is near the 50 EMA.
Outputs
Signals:
Buy Signal: Green "BUY" label below the price bar.
Sell Signal: Red "SELL" label above the price bar.
Alerts:
Alerts are triggered for Buy and Sell signals if conditions are met within the specified time window (if enabled).
EMA Visualization:
50 EMA (blue line).
200 EMA (red line).
Limitations
Not Suitable for Non-Trending Markets: This script is designed for trending conditions. Sideways or choppy markets may produce false signals.
Proximity Tolerance: Adjust the proximityPercent to prevent signals from triggering too frequently during minor oscillations around the 50 EMA.
No Guarantee of Accuracy: As with any technical indicator, it should be used in conjunction with other tools and analysis.
