Enigma End Game Indicator
Enigma End Game Indicator Description
The Enigma End Game indicator is a powerful tool designed to enhance the way traders approach support and resistance, combining mainstream technical analysis with a unique, dynamic perspective. At its core, this indicator enables traders to adapt to market conditions in real time by applying a blend of classic and modern interpretations of support and resistance levels.
In traditional support and resistance analysis, we recognize the significant price points where the market has historically reversed or consolidated. However, the *Enigma End Game* indicator takes this one step further by analyzing each individual candle's high as a potential resistance level and each low as support. This allows the trader to stay more agile, as the market constantly updates and evolves. The dynamic nature of this method acknowledges that price movements are fractal in nature, meaning that these levels are not static but adjust in response to price action on multiple timeframes.
### How It Works:
When using the *Enigma End Game* indicator, it doesn't simply plot buy and sell signals automatically. Instead, the indicator highlights key levels based on the interaction between price and historical price action. Here's how it operates:
1. **Buy Logic:**
The indicator identifies bullish signals based on the *Enigma* logic, but it does not trigger an immediate buy. Instead, it plots arrows above or below the candles, indicating the key price levels where price action has shifted. Traders then focus on these areas, particularly looking for buy opportunities *below* these levels during key market sessions (such as London or New York) while aligning with both mainstream support and resistance and *Enigma* levels.
2. **Sell Logic:**
Similarly, when the indicator identifies a sell signal, it plots an arrow above the candle where price action has reversed. This does not immediately suggest selling. Traders wait for a price retracement back to the previously breached low (for a sell order) or high (for a buy order), observing price action closely on lower timeframes (such as the 1-minute chart) to refine entry points. The entry is triggered when price starts to show signs of reversing at these levels, further validated by mainstream and *Enigma* support/resistance.
### Practical Example – XAU/USD (Gold):
For instance, in the settings of the *Enigma End Game* indicator, if we select the 5-minute (5MN) timeframe as the key level, the indicator will only plot the first 3 arrows following the *Enigma* logic. The arrows will appear above or below the candle that was breached, indicating a potential trend reversal. In this scenario, the first arrow marks the point where price broke a significant support or resistance level. Afterward, the trader watches for a subsequent candle to close below (in the case of a sell) the previous candle’s low, confirming a bearish bias.
Now, the trader does not rush into a sell order. Instead, they wait for the price to pull back towards the previously breached low. At this point, the trader can use a lower timeframe (like the 1-minute chart) to identify both mainstream support and resistance levels and *Enigma* levels above the main 5-minute key level. These additional levels provide a clearer understanding of where price might reverse and give the trader a stronger edge in refining their entry point.
The trader then sets a sell order *above* the price level of the previous low, but only once signs show that price is retracing and ready to fall again. The price point where this retracement occurs, confirmed by both mainstream and *Enigma* levels, becomes the entry signal for the trade.
### Summary:
The *Enigma End Game* indicator combines time-tested principles of support and resistance with a more modern, adaptive view, empowering traders to read the market with greater precision. It guides you to wait for optimal entries, based on dynamic support and resistance levels that change with each price movement. By combining signals on higher timeframes with refined entries on lower timeframes, traders gain a unique advantage in navigating both obvious and hidden levels of support and resistance, ultimately improving their ability to time trades with higher probability of success.
This indicator allows for a more calculated, strategic approach to trading—highlighting the right moments to enter the market while providing the flexibility to adjust to different market conditions.
The *ENIGMA Signals with Retests* indicator is a versatile trading tool that combines key market sessions with dynamic support and resistance levels. It uses logic to identify potential buy and sell signals based on the behavior of recent price swings (highs and lows) and offers flexibility with the number of arrows plotted per session. The user can customize settings like arrow frequency, line styles, and session times, allowing for personalized trading strategies.
The indicator detects buy and sell signals by checking if the price breaks the previous swing high (for buy signals) or swing low (for sell signals). It then stores these levels and draws horizontal lines on the chart, representing critical price levels where traders can expect potential price reactions.
A key feature of this indicator is its ability to limit the number of arrows per session, ensuring a cleaner chart and reducing signal clutter. Horizontal lines are drawn at the identified buy or sell levels, with the option to display labels like "BUY - AT OR BELOW" and "SELL - AT OR ABOVE" to further clarify entry points.
The indicator also incorporates session filtering, allowing traders to focus on specific market sessions (Asia, London, and New York) for more relevant signals, and it ensures that no more than a user-defined number of arrows are plotted within a session.
Candlestick analysis
HTF Candles Overlay [Trendoscope®]🎲 HTF Candles Overlay is a simple indicator where you can overlay higher timeframe candles on current timeframe chart.
Most of the code is encapsulated in the library HTFCandlesLib . After publishing the library as open source, many people requested to convert that into an indicator. Based on this, we decided to publish this small code for the use of community.
🎯 Usage
The indicator is simple, it helps users visualise higher timeframe candles. We majorly use this for debugging or validating our implementations based on higher timeframe. Instead of switching back and forth to different timeframes, it helps us visualise higher timeframe candles on the same chart when we are validating the implementation that involves higher timeframe calculations.
🎯 Components
The indicator provides two types of displays
Candles - overlay candles built through lines and labels
Plot - close price of higher timeframe plotted on chart
🎯 Candles
The behaviour of the candles are similar to that of hollow candles. The color of the body and the border+wick demonstrates the movement of the candle.
Body color is lime if the HTF close is higher than HTF open. Body color is orange if the HTF close is lower than the HTF open.
Wick and border color is lime if HTF close price is higher than previous HTF close price. And they are orange if HTF close price is lower than the previous HTF close price
In most cases body color will be same as the wick color. In case of stocks and indices, it may happen that the open price is too far away from previous close price due to gaps. This can lead to close price being relatively in different direction when compared to open and previous close.
Wicks are not at the centre of the candle. Instead wicks are drawn on the current chart timeframe position where the current timeframe has reached the highest or lowest point within the given HTF candle
Candles also list OHLC price of HTF candle along with HTF bar index and the range of LTF bar index that the candle spawns
Here are some pictorial representations that can help understand better.
Here are the examples of candles with gaps where body and wick/border are in different directions (colours)
🎯 Indicator Settings
Simple settings allow users to select the timeframe, whether to display candles and plots and their specific colors.
🎯 Possible inconsistencies
The overlay can show inconsistent data in certain situations. Here are some of the scenarios where the indicator may not show consistent display of the data.
When the HTF data from request.security does not match that of combined LTF data . In such cases, HTF candles may not form inline with the current timeframe candles. This happens when there is a data issue of different OHLC data available in tradingview.
When using weekly candle as either chart timeframe or higher timeframe - end of week may not coincide with end of month or other timeframes. This can cause some inconsistencies in the visuals of the indicator.
When open and close time of either LTF or HTF falls under different day due to time zone used. - time is always the time on which the candle close. So, when we use time zone that causes the exchange day to open and close on different days, that can cause some inconsistencies in the candles being drawn.
Daily Single Trade [SMRT Algo]The Daily Single Trade Indicator by SMRT Algo is a powerful yet simple tool designed for traders who value precision, discipline, and a focus on high-quality trade setups. With a unique approach, this indicator identifies just one signal daily, making it ideal for traders who prefer a structured and stress-free trading routine.
Please note that this indicator only works for timeframes below 1H.
Key Features:
Market Open & Pre-Market Analysis: The indicator focuses on the market’s opening range and identifies breakout opportunities based on price action during these critical periods.
Customizable Risk-Reward Ratio: Plan your trades with precision by setting your desired RR, ensuring that your take-profit (TP) levels are multiples of your stop-loss (SL). Stop loss is not shown with this indicator.
Price Offset for SL: Add a customizable buffer to your SL and TP levels. This offset accounts for market volatility, reducing the chances of premature stop-outs while maintaining alignment with your trading plan.
Increasing this value will lead to a greater invisible stop loss, which will increase the TP size. The opposite is occurs when decreasing this value (less than 0). If you set it as 2.5 for example for TSLA: price is 340 and SL is 330 for example, SL becomes 327.5. This calculation will then be applied to calculate the TP.
In simple terms, if the offset is positive, SL becomes larger, TP becomes larger as well.
Exit Point Visibility: Display exit points on your chart to better visualize trade targets and stop levels.
Adjustable Market Open Time: Easily modify the market open hour and minute to suit your asset’s trading session. For example, U.S. stock traders can set the market open time to 9:30 AM EST (UTC-5).
By providing a single signal each day, the indicator minimizes overtrading and keeps your focus on the best opportunities.
With predefined SL, TP, and RR settings, the indicator fosters disciplined trading, reducing the influence of emotional decision-making. Whether you’re trading stocks, indices, or forex, the customizable market open time and RR ratio make this indicator versatile and adaptable.
The combination of precise SL and TP calculations with offset pip adjustments helps protect your trades from market noise while maintaining a favorable RR.
Perfect for those who can’t monitor markets all day, the single-signal approach allows you to execute a high-quality trade and move on with your day.
How to Use:
Set the Market Open Time: Adjust the open time to align with your asset’s session. For example, set 9:30 AM EST for U.S. stocks.
Define Your Risk-Reward Ratio: Choose an RR multiple (e.g., 1:2 or 1:3) that aligns with your risk tolerance and trading goals.
Apply Pip Offset: Add a buffer to your SL and TP to account for market volatility and reduce false stops.
The Daily Single Trade Indicator simplifies trading by focusing on one high-probability setup per day. It’s perfect for traders looking to maintain consistency, improve risk management, and reduce the stress of overanalyzing the markets.
How Alerts Work:
Individual Alerts: Set separate notifications for specific actions, such as breakout signals, take-profit levels, or stop-loss activations.
Master Alert: Manage all notifications with one streamlined setting, ensuring you never miss an opportunity while keeping your setup simple and efficient.
Take control of your trading with a strategy built for clarity, precision, and success!
SiCInside Sweep Close (ISC):
This concept captures a specific price action behavior and can help refine trading strategies for better precision. Here's a detailed explanation:
Inside:
The closing price of the candle stays within the range of the previous candle.
This indicates a containment of price action, suggesting indecision or preparation for a significant move.
Sweep:
The wick of the candle takes out (or "sweeps") the low (or high) of the previous candle.
This sweep can trigger stop-losses of retail traders or activate pending orders, often used by smart money strategies.
Close:
The candle ultimately closes inside the range of the previous candle.
This close signifies that the sweep was a liquidity grab rather than a genuine breakout, providing an actionable trading signal.
How ISC Can Be Used in Trading:
Liquidity Grab Recognition:
ISC can indicate when liquidity is swept from the market, making it an ideal entry point for traders anticipating a reversal or continuation.
Smart Money Concept (SMC) Synergy:
If you follow SMC principles, ISC aligns with key concepts like liquidity sweeps, order blocks, and mitigation zones.
Risk Management:
By identifying the ISC setup, you can place tighter stop-loss levels just outside the sweep, optimizing risk-reward ratios.
Entry Signals:
When you spot an ISC, you can enter trades at the close of the candle, anticipating a move in the direction opposite to the sweep.
Example of ISC in Action:
Imagine a bearish candle:
The wick sweeps the low of the previous candle, possibly triggering stop-losses.
However, the close stays inside the previous candle’s range.
This setup might indicate a reversal, where price moves upward after grabbing liquidity.
Why This Name Works:
It’s concise, professional, and directly linked to the trading action you’re describing.
The short form, ISC, is easy to remember and discuss within trading circles or while teaching others.
It ties into widely known concepts like smart money, price action, and liquidity sweeps, making it relatable yet unique.
Does this align with how you envision using the concept? Let me know if you’d like more refinements or visual examples!
Newday_smaThis algorithm is based on SMA (Simple Moving Average) to identify price trends, detecting "positive price zones" (where the price is above the SMA) and "negative price zones" (where the price is below the SMA), and then connecting turning points within those zones with lines.
Key Steps:
SMA Period Selection: The user can select the SMA period to be 5, 10, or 20.
SMA Calculation: The SMA of the current price is calculated based on the selected period.
Identify Positive and Negative Price Zones:
Positive Price Zone: When the closing price is higher than the SMA, it’s considered a positive price zone.
Negative Price Zone: When the closing price is lower than the SMA, it’s considered a negative price zone.
Identify Turning Points:
In the positive price zone, if the current closing price falls below the SMA, a potential turning point is detected, and the algorithm looks for the lowest point (the lowest high in that zone).
In the negative price zone, if the current closing price rises above the SMA, a potential turning point is detected, and the algorithm looks for the highest point (the highest low in that zone).
Connect the Turning Points:
When transitioning from the negative price zone to the positive price zone, a line is drawn from the lowest point of the negative zone to the highest point of the positive zone.
When transitioning from the positive price zone to the negative price zone, a line is drawn from the highest point of the positive zone to the lowest point of the negative zone.
Dynamic Updates: As new candles form, the algorithm continuously updates the turning points and draws the lines accordingly.
Key Features:
Flexible SMA Period Selection: The user can choose from different SMA periods (5, 10, or 20).
Dynamic Turning Point Recognition: The algorithm dynamically identifies turning points based on the relationship between the price and the SMA, marking fluctuations in price.
Connecting Turning Points: The algorithm connects the key points in positive and negative price zones with lines to help identify price trends.
Use Cases:
This algorithm is useful for technical analysis, especially for short-term trading.
It helps identify support and resistance levels, assisting users in making buy and sell decisions.
No Wick Setup Indicator
**No Wick Setup Indicator**
This is a custom trading indicator designed to identify and signal potential buy and sell opportunities based on candlestick patterns with no wicks. Specifically, it looks for candles with no wicks at the bottom (bullish setup) or no wicks at the top (bearish setup). Here's how it works:
**Key Features:**
- **Bullish Setup**: A green candlestick with no bottom wick (i.e., the open price is equal to the low price of the candle) is considered a potential bullish signal. A trendline is drawn at the bottom of this candle. When the market price returns to this trendline, a buy signal is generated.
- **Bearish Setup**: A red candlestick with no top wick (i.e., the open price is equal to the high price of the candle) is considered a potential bearish signal. A trendline is drawn at the top of this candle. When the market price returns to this trendline, a sell signal is generated.
- **Timeframe**: This indicator works exclusively on the **30-minute timeframe**.
**How It Works:**
1. When a candlestick pattern with no bottom wick (bullish setup) is identified, a trendline is drawn at the low of the candlestick.
2. When a candlestick pattern with no top wick (bearish setup) is identified, a trendline is drawn at the high of the candlestick.
3. The indicator then tracks the market price and waits for it to return to the respective trendline level.
4. **Buy Signal**: When the market price touches or goes below the bullish trendline, a **Buy** signal is displayed on the chart with an upward arrow.
5. **Sell Signal**: When the market price touches or goes above the bearish trendline, a **Sell** signal is displayed on the chart with a downward arrow.
**Visual Elements:**
- **Trendlines**: Horizontal lines drawn at the bottom (bullish) or top (bearish) of the candlesticks with no wick.
- **Buy/Sell Labels**: Labels indicating "Buy" or "Sell" appear when the market price returns to the trendline.
**Why Use This Indicator?**
- This indicator helps identify specific price levels where the market might reverse or consolidate based on candlestick structure, offering potential entry points for trades.
- It allows traders to focus on price action and market behavior without relying on more complex indicators.
VRDisplays the volume ratio of the currently analyzed trading pair compared to the BTC/USD trading pair on Coinbase. It uses the ratio of their respective trading volumes and visualizes the data as a histogram (columns) with different colors based on specific thresholds.
Grey backgrounds on weekends.
Candlestick DataCandlestick Data Indicator
The Candlestick Data indicator provides a comprehensive overview of key metrics for analyzing price action and volume in real-time. This overlay indicator displays essential candlestick data and calculations directly on your chart, offering an all-in-one toolkit for traders seeking in-depth insights.
Key Features:
Price Metrics: View the daily high, low, close, and percentage change.
Volume Insights: Analyze volume, relative volume, and volume buzz for breakout or consolidation signals.
Range Analysis: Includes closing range, distance from low of day (LoD), and percentage change in daily range expansion.
Advanced Metrics: Calculate ADR% (Average Daily Range %), ATR (Average True Range), and % from 52-week high.
Moving Averages: Supports up to four customizable moving averages (EMA or SMA) with distance from price.
Market Context: Displays the sector and industry group for the asset.
This indicator is fully customizable, allowing you to toggle on or off specific metrics to suit your trading style. Designed for active traders, it brings critical data to your fingertips, streamlining decision-making and enhancing analysis.
Perfect for momentum, swing, and day traders looking to gain a data-driven edge!
Bullish Candlestick with No or Small Bottom Wickthis indicator highlights bullish candles with no lower wick of with a very small lower wick. the idea is that when this occurs, price will sooner or later get back to this area. you could use it for a strategy that sets up shorts just below the bullish candle.
PDH & PDL Indicator: Previous Day's High/Low with AlertsThe PDH & PDL Indicator plots the Previous Day's High (PDH) and Previous Day's Low (PDL) directly on the chart, providing a clear visual reference for key price levels. These levels are often used by traders to identify potential breakout or breakdown zones and to gauge market strength or weakness.
Features:
PDH (Green Line) : Represents the high of the previous trading day.
PDL (Red Line): Represents the low of the previous trading day.
Alerts:
Get notified when the price crosses above PDH or below PDL.
Custom alert messages to keep you informed in real-time.
Use Cases:
Identify key breakout and breakdown points for potential trade entries or exits.
Confirm the strength of a trend by monitoring price action relative to PDH and PDL.
Useful for intraday, swing, and positional traders who rely on historical price levels for strategy development.
DCA Performance AnalysisDollar-Cost Averaging (DCA) Performance Calculator
This indicator helps you analyze the performance of a DCA investment strategy by simulating regular periodic investments into an asset. Perfect for long-term investors who want to evaluate or backtest their DCA strategy.
Key Features:
- Flexible Investment Scheduling: Choose between daily, weekly, or monthly investments
- Custom Date Range: Set specific start and end dates for your analysis
- Adjustable Investment Amount: Input any dollar amount for your regular investments
- Clear Visual Markers: Green triangles show entry points, red triangle marks the end date
- Comprehensive Performance Metrics: View total investment, days invested, unrealized yield, and portfolio value
The indicator displays a clean, easy-to-read table showing:
1. Total Invested: The cumulative amount of money invested
2. Investment Days: Total number of investment entries executed
3. Unrealized Yield: Both dollar amount and percentage return (calculated at end date)
4. Portfolio Worth: Total value of holdings at the specified end date
Usage Tips:
- Best used on BTCUSD or other cryptocurrency pairs
- Works on all timeframes, but matching the timeframe to your DCA frequency provides the clearest visualization
- Calculations use opening prices for entries and closing price at end date for final valuation
- All calculations are based on UTC+0 time
This tool is ideal for:
- Backtesting DCA strategies
- Understanding historical DCA performance
- Comparing different DCA frequencies
- Planning future DCA investments
- Educational purposes about DCA investing
Note: This indicator is for informational purposes only and should not be considered financial advice. Past performance does not guarantee future results.
Session Highs and Lows IndicatorThis indicator marks the high and low levels for key trading sessions, allowing traders to identify significant price zones across different markets. The default session times are defined in UTC and will automatically adjust to your local timezone:
- **London Session (07:00-09:00 UTC)**: Tracks intraday liquidity zones for potential highs/lows.
- **New York Session (12:00-14:00 UTC)**: Highlights volatility during market overlaps with Europe.
- **Asia Session (23:00-01:00 UTC)**: Confirms trend continuation and retracement opportunities.
- **New York Close Session (19:00-21:00 UTC)**: Focuses on reversals and breakout tests during global transitions.
The script dynamically updates session highs and lows with clear labels and dashed horizontal lines for better visualization. **Time ranges can be adjusted to suit your trading preferences.** This makes the indicator flexible and effective for liquidity hunting, trend trading, and breakout strategies.
Bullish and Bearish Harami DetectorHere’s a description of the script I built for you, designed for a **TradingView public indicator**:
### **Custom Bullish and Bearish Harami Detector with Timeframe Selection**
This custom Pine Script detects **Bullish Harami** and **Bearish Harami** candlestick patterns on the selected timeframe, with configurable settings for how many prior candles to consider for pattern detection.
---
### **Features:**
1. **Timeframe Selection:**
- **Input Field for Timeframe**: The script allows users to choose the timeframe for detecting patterns. For instance, you can set it to 1 hour, 4 hours, or even daily candles, ensuring the detection works as per your chosen market view.
- This is controlled by the `input.timeframe` function, and the user is prompted to select the desired timeframe (e.g., "1h", "4h", "1d").
2. **Enable/Disable Pattern Detection:**
- The user has the flexibility to enable or disable the detection of **Bullish Harami** and **Bearish Harami** patterns.
- The two toggles `detectBullishHarami` and `detectBearishHarami` allow users to turn on/off the detection for each pattern type.
3. **Customizable Bearish Candle Count for Bullish Harami:**
- The user can define how many prior **bearish candles** should be present before a **Bullish Harami** can be detected.
- The input variable `bearishCandleCountBullish` lets you choose how many previous bearish candles to consider for detecting a **Bullish Harami** (for example, the last 3, 5, or 6 bearish candles).
4. **Customizable Bullish Candle Count for Bearish Harami:**
- Similar to the Bullish Harami, the script allows the user to define how many prior **bullish candles** should be present before a **Bearish Harami** pattern is detected.
- The input variable `bearishCandleCountBearish` lets you select how many previous bullish candles to check for **Bearish Harami**.
5. **Pattern Detection Logic:**
- **Bullish Harami**: Detected when a bearish candle (open > close) is followed by a smaller bullish candle (open < close) where the entire body of the second candle is contained within the body of the first candle.
- **Bearish Harami**: Detected when a bullish candle (open < close) is followed by a smaller bearish candle (open > close) where the entire body of the second candle is contained within the body of the first candle.
- Both patterns are subject to the user-defined conditions (number of previous bearish or bullish candles).
6. **Visual Indicators:**
- **Bullish Harami**: A green label is plotted **below the bar** to indicate a **Bullish Harami** pattern.
- **Bearish Harami**: A red label is plotted **above the bar** to indicate a **Bearish Harami** pattern.
- The labels are displayed using the `plotshape` function with custom colors and text.
7. **Additional Settings**:
- The script includes tooltips and descriptions for each input to make the settings clear for users, allowing even those unfamiliar with candlestick patterns to understand and use the indicator effectively.
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### **How It Works:**
- The script first checks the specified timeframe and identifies the current and previous candlesticks.
- It then applies the user-defined conditions for detecting the **Bullish Harami** and **Bearish Harami** patterns by checking the relative positions and sizes of the candlesticks over the selected number of previous candles.
- Once a pattern is detected, it plots a label on the chart (green for **Bullish Harami** and red for **Bearish Harami**) at the appropriate location (below or above the candle).
- The script updates dynamically as the price action unfolds.
---
### **Use Cases:**
- **Traders**: This script is useful for traders who want to identify reversal patterns like **Bullish Harami** and **Bearish Harami** on their chosen timeframes and adjust the sensitivity by changing the number of prior candles for pattern detection.
- **Customization**: Users can fine-tune the script’s settings based on their specific trading strategy, adjusting both the timeframe and the number of candles for pattern detection.
---
### **Conclusion:**
This indicator is an effective tool for detecting candlestick patterns, specifically **Bullish Harami** and **Bearish Harami**, on **TradingView**. By allowing customization in terms of timeframe and the number of prior candles to consider, users can tailor the script to fit their trading strategy and market conditions.
10% Drop from Current High - Akshay10% Drop from Current High TradingView Indicator
Description:
The "10% Drop from Current High" indicator dynamically tracks the highest price within a user-defined period and highlights when the current price drops by a specified percentage. This tool is invaluable for traders looking to monitor significant pullbacks or corrections from recent highs.
Key Features:
Customizable Drop Percentage:
Allows users to set the percentage drop to track, with a default value of 10%.
Configurable via an input field to suit different trading strategies and market conditions.
Lookback Period:
Tracks the highest price over a user-defined lookback period (default is 20 bars).
This ensures the indicator adapts to short-term or long-term market conditions based on user preferences.
Dynamic Levels:
Current High Level: Plots the highest price within the lookback period in blue.
Drop Level: Plots the calculated drop level (e.g., 10% below the current high) in red.
Visual Alerts:
Background Highlighting:
A translucent red background appears when the current price is at or below the drop level, signaling a significant pullback.
Shape Marker:
A downward label is plotted below the bar when the price touches or falls below the drop level, providing cSet Alerts:lear visual feedback.
Overlay on Price Chart:
The indicator is plotted directly on the price chart (overlay=true), ensuring seamless integration with other technical analysis tools.
Use Case:
This indicator is designed for traders who want to:
Monitor Pullbacks:
Identify when the price of an asset experiences a defined percentage drop from its recent high, signaling potential reversal zones or buying opportunities.
Use visual cues to react quickly to price movements.
Analyze Trends:
Combine with other indicators to assess the strength of trends and corrections.
Customization Options:
Drop Percentage: Adjust the percentage drop to track based on asset volatility and trading strategy.
Lookback Period: Modify the lookback period to focus on short-term (e.g., 5 bars) or long-term (e.g., 50 bars) price highs.
This indicator provides a flexible and intuitive way to track price pullbacks, helping traders make informed decisions and stay ahead in dynamic market conditions.
Fourier Extrapolation of PriceThis advanced algorithm leverages Fourier analysis to predict price trends by decomposing historical price data into its frequency components. Unlike traditional algorithms that often operate in lower-dimensional spaces, this method harnesses a multidimensional approach to capture intricate market behaviors. By utilizing additional dimensions, the algorithm identifies and extrapolates subtle patterns and oscillations that are typically overlooked, providing a more robust and nuanced forecast.
Ideal for traders seeking a deeper understanding of market dynamics, this tool offers an enhanced predictive capability by aligning its calculations with the complexity of real-world financial systems.
Daily High/Low Levels with mitigationThis Pine Script script defines a TradingView indicator named "Daily High/Low Levels" designed to track and display the daily high and low levels of a trading session, with added functionality for marking levels as mitigated when certain conditions are met. Here's a breakdown of its functionality:
Key Features
Session Start Time: The script allows you to specify a custom session start time in 24-hour format. This ensures the levels align with your trading session preferences.
Daily Highs and Lows:
Tracks the high and low levels for each session.
Retains the highs and lows for a configurable number of previous days.
Visualization:
Creates horizontal lines for each session's high and low levels.
Supports customization of line colors and styles.
Mitigation Tracking:
Monitors whether a high or low level has been "mitigated" (touched or exceeded by subsequent price action).
Changes the line style and color to indicate mitigation.
Provides an alert when mitigation occurs.
Configurable Extensions:
Lines can be extended beyond mitigation or stopped at the bar index where mitigation occurs, depending on user preference.
Efficient Array Management:
Uses arrays to manage daily highs, lows, their respective indices, and lines.
Ensures the size of stored data does not exceed the configured limit (daysToTrack).
Alerts:
Sends alerts when high or low levels are mitigated, which can be used for trading decisions.
Inputs
Session Start Hour/Minute: Defines when a new session starts.
Days to Track: Sets the number of previous days to display high/low levels.
Colors: Allows customization of line colors for unmitigated and mitigated levels.
Extend Lines: Toggles whether lines should extend past the mitigation point.
Code Highlights
New Session Detection: The script detects the start of a new session based on the configured session start time and resets daily highs/lows.
Line Management: Horizontal rays are created for highs and lows, and mitigated lines are updated with a dashed style and faded color.
Mitigation Logic: The script checks whether current price action exceeds stored high or low levels and updates their status and appearance accordingly.
Memory Management: Ensures the size of the arrays (highs, lows, lines) does not exceed the configured daysToTrack, deleting the oldest elements as necessary.
This indicator is highly customizable and useful for traders who want to track and analyze daily support and resistance levels, incorporating mitigation as a dynamic feature.
Cabal Dev IndicatorThis is a TradingView Pine Script (version 6) that creates a technical analysis indicator called the "Cabal Dev Indicator." Here's what it does:
1. Core Functionality:
- It calculates a modified version of the Stochastic Momentum Index (SMI), which is a momentum indicator that shows where the current close is relative to the high/low range over a period
- The indicator combines elements of stochastic oscillator calculations with exponential moving averages (EMA)
2. Key Components:
- Uses configurable input parameters for:
- Percent K Length (default 15)
- Percent D Length (default 3)
- EMA Signal Length (default 15)
- Smoothing Period (default 5)
- Overbought level (default 40)
- Oversold level (default -40)
3. Calculation Method:
- Calculates the highest high and lowest low over the specified period
- Finds the difference between current close and the midpoint of the high-low range
- Applies EMA smoothing to both the range and relative differences
- Generates an SMI value and further smooths it using a simple moving average (SMA)
- Creates an EMA signal line based on the smoothed SMI
4. Visual Output:
- Plots the smoothed SMI line in green
- Plots an EMA signal line in red
- Shows overbought and oversold levels as gray horizontal lines
- Fills the areas above the overbought level with light red
- Fills the areas below the oversold level with light green
This indicator appears designed to help traders identify potential overbought and oversold conditions in the market, as well as momentum shifts, which could be used for trading decisions.
Would you like me to explain any specific part of the indicator in more detail?
Support, Resistance, MA, and ADXSummary
This comprehensive script provides traders with a tool that highlights critical levels of support and resistance, detects significant price breakouts with volume confirmation, identifies potential reversals with wick analysis, and plots a moving average that changes color based on trend strength as indicated by the ADX. It is useful for spotting entry and exit points, confirming breakouts, and identifying trend direction and strength.
Confirmación de short n0Confirmación de cruce bajista en MACD en el marco de 15m.
RSI moviéndose hacia 50 en los marcos de 15m y 1h.
Volumen creciente en velas rojas como confirmación de presión vendedora.
True Total Altcoin Market CapThis indicator calculates the real total altcoin market capitalization by removing Bitcoin, Ethereum, and major stablecoins (USDT, USDC, BUSD, DAI) from the total cryptocurrency market cap. It replaces the standard price bars with custom-colored candlesticks showing the true altcoin market movements.
Features:
Excludes BTC, ETH, and major stablecoins for accurate altcoin market analysis
Custom color scheme: Green (#26a79b) for bullish and Red (#ef5351) for bearish candles
Based on CRYPTOCAP:TOTAL data
Helps traders focus on pure altcoin market trends
Non-repainting, using standard OHLC data
This tool provides a clearer view of altcoin market strength by filtering out the influence of major cryptocurrencies and stablecoins.
Percentage price changeThis indicator marks bars whose values increase or decrease by an amount greater than or equal to the value of the specified parameter as a percentage. Bars that meet the condition are marked with labels, boxes and colors. In addition to the standard method of calculating the percentage change at the closing price of the current and previous bars, the indicator allows you to choose non-standard calculation methods (at the prices of opening and closing the current bar, as well as at the prices of the maximum at the minimum of the current bar). You can choose to display the percentage changes of individual bars as well as a series of bars. You can select the number of bars in a series of bars. You can also apply filters by the direction of the bars in the series or by the percentage of individual bars in the series.
It is important to remember that in version 5 of Pine Script™, the maximum possible number of labels and the maximum possible number of boxes cannot exceed 500!
There are several main parameters that can be changed in section PARAMETERS FOR CALCULATION:
1. 'Bars count' - The number of bars for which the percentage rise or fall is calculated.
2. ‘Percentage change’ - sets the price change as a percentage. Bars with a price range above or equal to the specified value will be marked on the chart.
3. ‘First and second points of calculation’ - the first and second points for calculating the percentage change. Here you can set several different values for the calculation:
- 'Cl.pr., Close' - Closing price of the previous bar and closing price of the current bar (or a series of bars) (these values are used for the standard calculation of the percentage change on the chart).
- 'Open, Close' - Opening and closing prices of the current bar (or a series of bars).
- 'High|Low' - Highest and lowest price of the current bar (or a series of bars).
- 'Cl.pr.|High|Low' - Highest or lowest price of the current bar (or a series of bars) (depending on whether the bar is going up or down) or closing price of the previous bar for first point (one of these values is automatically selected, which gives a larger result, depending on whether there is a gap between these values). Highest or lowest price of the current bar for second point.
In the LIMITS section, you can set the following parameters.
1. ‘Only for the last bar’ - If this option is selected, the indicator will be applied only for the last bar (or series of bars).
2. 'Only bars in one direction' - A condition that takes into account sequences from the selected number of bars going in only one direction. If at least one bar has a different direction from the other bars, then such a sequence will not be taken into account. This only works if the 'Bars count' is > 1.
3. "Cut off higher values" - This field cuts off higher values. Bars with a price range above or equal to the specified value will not be marked on the chart. This can be used in some cases to make the chart less loaded with data and more visual. Of course, you can also use this option however you want.
4. ‘Min percent in series of bars’ - If the value 'Number of bars' is > 1, then a series of bars is taken into account, in which the percentage change of individual bars is greater than or equal to the set value.
In the DATE RANGE section, you can set the limits of the time and date range in which the calculation will be performed. In some cases, this can be used in order not to exceed the limit on the number of labels or boxes, which cannot exceed 500. Of course, you can also use this option however you want. By default, the date range is unlimited.
'Timezone offset, hours' - It is used only for the correct display of the limits of the date range in the parameter table.
In the PRICE INCREASE LABELS and PRICE REDUCTION LABELS section, you can define the design of labels bars and boxes, such as colors, shapes, sizes, and location. You can set the colors of the bars separately on the Style tab. On the Style tab, you can also turn on/off the display of frames, labels and color markings of bars.
The PARAMETER TABLE section is designed to adjust the display of the table for a more visual display of the selected values of all parameters on the Arguments tab. Depending on which values have been set and which parameters have been enabled or disabled, the table will change its appearance, display or hide some rows. A single line 'Total found' will be displayed all the time. It shows the count of bars that meet the condition and count of labels or boxes used in the diagram. Since the bars are labeled with labels or boxes, their number cannot exceed 500 for Pine script version 5.
1. 'Pos.' - sets the main position of the table on the screen.
2. 'X off.', 'Y off.' - You can set the offset of the table along the X and Y axes. This option can be useful to avoid overlapping multiple tables if you want to use two or more instances of this indicator on your chart. The minimum value is -30, the maximum is 30. Positive values shift the table to the right on the X axis and up on the Y axis. Negative values shift the table to the left on the X axis and down on the Y axis.
3. 'Font color' - The font color in the table.
'Warn. font color', 'Warn. backgr. color' - The font and background colors in the 'Total found' row in the table. If the number of labels or boxes exceeds 500, the font and background will be colored in these colors.
4. ‘Font size’ – Sets the font size in the table.
5. 'Show hours and minutes in date/time range' - changes the date and time format of time range from {yyyy.MM.dd HH:mm} to {yyyy.MM.dd}.
6. 'View all params' - used to display all parameters, even those duplicated in the main line of the indicator.
7. ‘Title’ – If desired, you can make a header for the table.
The last row of the table shows the number of bars found that meet the conditions. Since these bars are marked with labels (in the case of one bar) or boxes (in the case of series of bars), the limit that can be marked on the chart is 500. Exceeding this value will be displayed in the table and additionally highlighted in red font. This will signal that not all bars found are displayed on the chart.
On the Style tab, you can turn the table display on/off.
Precision Swing Point V2.0 - [Gozlan]"Precision Swing Point V2.0," is well-structured and aims to highlight specific conditions in the chart while factoring in time zones and user configurations. Here's a quick breakdown and a couple of improvements or fixes to consider:
Key Features:
Multi-Symbol Analysis:
Incorporates three symbols (Symbol 1, Symbol 2, and Symbol 3) and compares their open/close values to derive candle states (green/red).
Highlighting Conditions:
Green: When Symbol 2 is red and Symbol 1 is green.
Red: When Symbol 2 is green and Symbol 1 is red.
Blue: When Symbol 3 is green and Symbol 1 is red.
Custom Time Highlights:
Allows users to specify times for highlighting specific bars.
Timezone Flexibility:
Time calculations adjust based on user-defined UTC offsets.
Edwin K Stochastic Candle ColorsThe Stochastic Candle Colors indicator highlights price action using candle colors based on signals from the stochastic oscillator. Here's how to use it:
1. Indicator Purpose
This indicator overlays on your price chart and changes candle colors based on stochastic oscillator signals:
Green candles: Indicate a bullish signal when the %K line crosses above the %D line in an oversold area (below 20).
Red candles: Indicate a bearish signal when the %K line crosses below the %D line in an overbought area (above 80).
2. How to Use the Inputs
K (periodK): The lookback period for calculating the %K line of the stochastic oscillator. A smaller value makes the indicator more sensitive to price changes.
D (periodD): The period for smoothing the %K line to get the %D line. A larger value creates smoother signals but may result in delays.
Smooth (smoothK): The additional smoothing applied to the %K line before calculating the %D line. This helps reduce noise.
3. How to Interpret the Candle Colors
Green Candle:
Occurs when the %K line crosses above the %D line in the oversold zone (below 20).
Signals a potential bullish reversal.
Red Candle:
Occurs when the %K line crosses below the %D line in the overbought zone (above 80).
Signals a potential bearish reversal.
No Color:
No crossover occurs, or the crossover doesn't happen in overbought/oversold zones.
4. Application in Trading
Entry Points:
Buy when you see a green candle and confirm with other indicators or chart patterns.
Sell when you see a red candle and confirm with additional signals.
Trend Context:
Combine this indicator with trend-following tools like moving averages or support/resistance levels to improve accuracy.
Stop Loss/Take Profit:
Use nearby swing highs/lows for stop-loss placement.
Set profit targets based on risk-reward ratios or key levels.
5. Customization
Adjust the input parameters (K, D, and Smooth) to align the indicator's sensitivity with your trading style:
Short-term traders might prefer lower values for quicker signals.
Long-term traders might opt for higher values for smoother, more reliable signals.
6. Limitations
Signals in isolation might not be reliable. Always use this indicator in conjunction with other tools.
Avoid using during low volatility or sideways markets as stochastic oscillators can produce false signals.
