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Institutional Momentum IndicatorThe Institutional Momentum Indicator is a simple yet powerful tool designed for traders seeking clarity and precision in their trading decisions. This indicator combines key technical analysis elements to deliver actionable buy and sell signals: Buy and Sell Signals: Clearly marked on the chart when the price crosses above or below the Exponential Moving Average (EMA), signaling potential upward or downward momentum. Volume Spike Detection: Enhances reliability by considering high-volume activity, often indicative of institutional participation. EMA Trend Analysis: Tracks price momentum with a customizable EMA length. Visual Highlights: Background colors (green for buy and red for sell) make it easy to identify trading opportunities at a glance. Alerts Ready: Stay informed with built-in alerts for both buy and sell signals. This indicator is optimized for traders looking to capitalize on momentum-based strategies while simplifying decision-making. Perfect for intraday and swing trading across various markets.
Pine Script™ indicator
by bhatia9727
2022 Model ICT Entry Strategy [TradingFinder] One Setup For Life🔵 Introduction The ICT 2022 model, introduced by Michael Huddleston, is an advanced trading strategy rooted in liquidity and price imbalance, where time and price serve as the core elements. This ICT 2022 trading strategy is an algorithmic approach designed to analyze liquidity and imbalances in the market. It incorporates concepts such as Fair Value Gap (FVG), Liquidity Sweep, and Market Structure Shift (MSS) to help traders identify liquidity movements and structural changes in the market, enabling them to determine optimal entry and exit points for their trades. This Full ICT Day Trading Model empowers traders to pinpoint the Previous Day High/Low as well as the highs and lows of critical sessions like the London and New York sessions. These levels act as Liquidity Zones, which are frequently swept prior to a market structure shift (MSS) or a retracement to areas such as Optimal Trade Entry (OTE). Bullish : Bearish : 🔵 How to Use The ICT 2022 model is a sophisticated trading strategy that focuses on identifying key liquidity levels and price movements. It operates based on two main principles. In the first phase, the price approaches liquidity zones and sweeps critical levels such as the previous day’s high or low and key session levels. This movement is known as a Liquidity Sweep. In the second phase, following the sweep, the price retraces to areas like the FVG (Fair Value Gap), creating ideal entry points for trades. Below is a detailed explanation of how to apply this strategy in bullish and bearish setups. 🟣 Bullish ICT 2022 Model Setup To use the ICT 2022 model in a bullish setup, start by identifying the Previous Day High/Low or key session levels, such as those of the London or New York sessions. In a bullish setup, the price usually moves downward first, sweeping the Liquidity Low. This move, known as a Liquidity Sweep, reflects the collection of buy orders by major market participants. After the liquidity sweep, the price should shift market structure and start moving upward; this shift, referred to as Market Structure Shift (MSS), signals the beginning of an upward trend. Following MSS, areas like FVG, located within the Discount Zone, are identified. At this stage, the trader waits for the price to retrace to these zones. Once the price returns, a long trade is executed. Finally, the stop-loss should be set below the liquidity low to manage risk, while the take-profit target is usually placed above the previous day’s high or other identified liquidity levels. This structure enables traders to take advantage of the upward price movement after the liquidity sweep. 🟣 Bearish ICT 2022 Model Setup To identify a bearish setup in the ICT 2022 model, begin by marking the Previous Day High/Low or key session levels, such as the London or New York sessions. In this scenario, the price typically moves upward first, sweeping the Liquidity High. This move, known as a Liquidity Sweep, signifies the collection of sell orders by key market players. After the liquidity sweep, the price should shift market structure downward. This movement, called the Market Structure Shift (MSS), indicates the start of a downtrend. Following MSS, areas such as FVG, found within the Premium Zone, are identified. At this stage, the trader waits for the price to retrace to these areas. Once the price revisits these zones, a short trade is executed. In this setup, the stop-loss should be placed above the liquidity high to control risk, while the take-profit target is typically set below the previous day’s low or another defined liquidity level. This approach allows traders to capitalize on the downward price movement following the liquidity sweep. 🔵 Settings Swing period : You can set the swing detection period. Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine. Max Swing Back : You can set the number of swings that will go back for checking. FVG Length : Default is 120 Bar. MSS Length : Default is 80 Bar. FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise. Types of FVG filters : Very Aggressive Filter: Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs. Aggressive Filter: Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs. Defensive Filter: Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs. Very Defensive Filter: Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals. 🔵 Conclusion The ICT 2022 model is a comprehensive and advanced trading strategy designed around key concepts such as liquidity, price imbalance, and market structure shifts (MSS). By focusing on the sweep of critical levels such as the previous day’s high/low and important trading sessions like London and New York, this strategy enables traders to predict market movements with greater precision. The use of tools like FVG in this model helps traders fine-tune their entry and exit points and take advantage of bullish and bearish trends after liquidity sweeps. Moreover, combining this strategy with precise timing during key trading sessions allows traders to minimize risk and maximize returns. In conclusion, the ICT 2022 model emphasizes the importance of time and liquidity, making it a powerful tool for both professional and novice traders. By applying the principles of this model, you can make more informed trading decisions and seize opportunities in financial markets more effectively.
Pine Script™ indicator
by TFlab
10
VWMA with Buy/Sell Signalshe VWMA (Volume Weighted Moving Average) is a technical indicator that averages prices over a specified period while giving more weight to periods with higher trading volumes. This makes the VWMA more sensitive to price movements during high-volume trading compared to a simple moving average (SMA). Adding Buy/Sell Signals to a VWMA-based script involves identifying trends or crossover points that indicate potential entry (Buy) or exit (Sell) opportunities. Core Features of the Script: VWMA Calculation: Uses the typical price ((High + Low + Close) / 3) or closing price for computation. Weighting is based on the volume traded in each period.
Pine Script™ indicator
by ayoobvk
Engulfing and ATR-Imbalance [odnac]This Pine Script indicator combines two powerful concepts—Engulfing Candlestick Patterns and ATR Imbalance—to identify potential market reversal points with increased precision. Engulfing Candlestick Patterns: Bullish Engulfing: Identified when a candle closes higher than it opens, and it completely engulfs the previous candle (previous close is lower than the current open, and previous high is lower than the current close). Bearish Engulfing: Identified when a candle closes lower than it opens, and it completely engulfs the previous candle (previous close is higher than the current open, and previous low is higher than the current close). Bar Coloring: These patterns are highlighted with a customizable color (light gray by default) to make them easily identifiable. ATR-Based Imbalance: The Average True Range (ATR) is used to measure market volatility, and this script checks if the current candle’s range (difference between high and low) exceeds a defined multiple of the ATR, indicating a possible imbalance. Imbalance Detection: If the current candle’s range is greater than ATR * imbalance multiplier (default multiplier: 1.5), it is marked as an ATR imbalance. Bar Coloring: Candles with a significant imbalance (greater range than the ATR-based threshold) are highlighted in yellow, indicating an outlier or extreme price movement. Engulfing + ATR Imbalance: When both a Bullish Engulfing pattern and an ATR Imbalance are detected, a green triangle up is plotted below the bar, signaling a potential bullish reversal. Conversely, when both a Bearish Engulfing pattern and an ATR Imbalance occur, a red triangle down is plotted above the bar, signaling a potential bearish reversal. User Inputs: Engulfing Plot: Enable or disable the plotting of Engulfing Candles. ATR Length: Set the period used to calculate the ATR (default is 5). Imbalance Multiplier: Adjust the multiplier to define the threshold for ATR imbalance detection (default is 1.5). Bar Colors: Customizable color for both Engulfing candles and Imbalance candles. Engulfing & Imbalance Plot: Enable or disable plotting of the combined conditions (Engulfing + ATR Imbalance) with arrows. How This Indicator Helps: By combining price action patterns with volatility analysis, this indicator highlights high-probability reversal points where significant price movement (imbalance) coincides with a clear Engulfing pattern. Traders can use these signals to time entries or exits based on both price action and market volatility.
Pine Script™ indicator
by odnac
Malaysian SnR [by DanielM]The Malaysian SnR (Support and Resistance) levels are a popular trading concept that identifies specific price levels on charts which are considered significant for trading decisions. Here's a breakdown of the concepts: A Levels and V Levels: These refer to specific types of SNR levels: A Levels: These are formed at the highest points of price movements. The indicator highlights these levels with a red line. V Levels: These are formed at the lowest points of price movements, typically observed as valleys in chart patterns. The indicator highlights these levels with a green line. Fresh and Unfresh Levels: Fresh Levels: These are price levels that have not been touched by a wick since their formation. They are considered more significant because they might provide a stronger reaction when the price touches these levels again. Unfresh Levels: These are levels that have been touched by a wick since their formation. Each time a level is tested, it is considered less significant because it might offer weaker resistance or support. A level that has been tested can become fresh again if it's crossed by a candle body. Gaps: A gap occurs when you have two bullish candles or two bearish candles. It is defined as the area between the close of the first candle and the open of the next one. It is marked by drawing a line at the closing price of the first candle, thus representing the level where the gap was initially observed. The indicator highlights these levels with a blue lines for bullish gaps and violet lines for bearish gaps. Fresh vs. Unfresh Gaps: Similar to A and V levels, gaps can be classified as fresh or unfresh. A fresh gap is one that hasn't been touched by a wick after it was created. These are often considered more significant because they may hold stronger as potential support or resistance. Unfresh gaps have been touched by a wick, and they may be considered less significant. A gap that has been tested can become fresh again if it's crossed by a candle body. Inputs: Number of bars to look back to detect A levels, V levels, and Gaps. Allows users to toggle the visibility of only fresh A and V levels. Allows users to decide whether to display gap levels or not. Allows users to decide whether to display only fresh gaps. Allows the users to set the maximum number of A levels, V levels and gaps on the chart.
Pine Script™ indicator
by DanieIM
17
Auto Wyckoff Schematic [by DanielM]This indicator is designed to automatically detect essential components of Wyckoff schematics. This tool aims to capture the critical phases of liquidity transfer from weak to strong hands, occurring before a trend reversal. While the Wyckoff method is a comprehensive and a very nuanced approach, every Wyckoff schematic is unique, making it impractical to implement all its components without undermining the detection of the pattern. Consequently, this script focuses on the essential elements critical to identifying these schematics effectively. Key Features: Swing Detection Sensitivity: The sensitivity of swing detection is adjustable through the input parameter. This parameter controls the number of past bars analyzed to determine swing highs and lows, allowing users to fine-tune detection based on market volatility and timeframes. Pattern Detection Logic: Accumulation Schematic: Detects consecutive lower swing lows, representing phases like Selling Climax (SC) and Spring, which often precede a trend reversal upward. After the final low is identified, a higher high is detected to confirm the upward trend initiation. Labeled Key Points: SC: Selling Climax, marking the beginning of the accumulation zone. ST: Secondary Test during the schematic. ST(b): Secondary Test in phase B. Spring: The lowest point in the schematic, signaling a final liquidity grab. SOS: Sign of Strength, confirming a bullish breakout. The schematic is outlined visually with a rectangle to highlight the price range. Distribution Schematic: Detects consecutive higher swing highs, which indicate phases such as Buying Climax (BC) and UTAD, often leading to a bearish reversal. After the final high, a lower low is detected to confirm the downward trend initiation. Labeled Key Points: BC: Buying Climax, marking the beginning of the distribution zone. ST: Secondary Test during the schematic. UT: Upthrust. UTAD: Upthrust After Distribution, signaling the final upward liquidity grab before a bearish trend. SOW: Sign of Weakness, confirming a bearish breakout. The schematic is visually outlined with a rectangle to highlight the price range. Notes: Simplification for Practicality: Due to the inherent complexity and variability of Wyckoff schematics, the indicator focuses only on the most essential features—liquidity transfer and key reversal signals. Limitations: The tool does not account for all components of Wyckoff's method (e.g., minor phases or nuanced volume analysis) to maintain clarity and usability. Unique Behavior: Every Wyckoff schematic is different, and this tool is designed to provide a simplified, generalized approach to detecting these unique patterns.
Pine Script™ indicator
by DanieIM
4
[COG] Advanced School Run StrategyAdvanced School Run Strategy (ASRS) – Explanation Overview: The Advanced School Run Strategy (ASRS) is an intraday trading approach designed to identify breakout opportunities based on specific time and price patterns. This script applies the concepts of the Advanced School Run Strategy as outlined in Tom Hougaard's research, adapted to work seamlessly on TradingView charts. It leverages 5-minute candlestick data to set actionable breakout levels and provides traders with visual cues and alerts to make informed decisions. Features: Dynamic Breakout Levels: Automatically calculates high and low levels based on the market's behavior during the initial trading minutes. Custom Visualization: Highlights breakout zones with customizable colors and transparency, providing clear visual feedback for bullish and bearish breakouts. Configurable Alerts: Includes alert conditions for both bullish and bearish breakouts, ensuring traders never miss a trading opportunity. Reset Logic: Resets breakout levels daily at the market open to ensure accurate signal generation for each session. How It Works: The script identifies key levels (high and low) after a configurable number of minutes from the market open (default: 25 minutes). If the price breaks above the high level or below the low level, a corresponding breakout is detected. The script draws breakout zones on the chart and triggers alerts based on the breakout direction. All levels and signals reset at the start of each new trading session, maintaining relevance to current market conditions. Customization Options: Line and box colors for bullish and bearish breakouts. Transparency levels for breakout visualizations. Alert settings to receive notifications for detected breakouts. Acknowledgment: This script is inspired by Tom Hougaard's Advanced School Run Strategy. The methodology has been translated into Pine Script for TradingView users, adhering to TradingView’s policies and community guidelines. This script does not redistribute proprietary content from the original research but implements the principles for educational and analytical purposes.
Pine Script™ indicator
by CognitiveAlpha
Custom Support LineIt is made with the following conditions in mind. 1. At the center of the candle at the moment, Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles. 2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle. 3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles. 4. Draw one line when the three lines match the above three conditions. We wanted to create a clear support line according to the above conditions.
Pine Script™ indicator
by darwinisgod2
Trend Analysis with Volatility and MomentumVolatility and Momentum Trend Analyzer The Volatility and Momentum Trend Analyzer is a multi-faceted TradingView indicator designed to provide a comprehensive analysis of market trends, volatility, and momentum. It incorporates key features to identify trend direction (uptrend, downtrend, or sideways), visualize weekly support and resistance levels, and offer a detailed assessment of market strength and activity. Below is a breakdown of its functionality: 1. Input Parameters The indicator provides customizable settings for precision and adaptability: Volatility Lookback Period: Configurable period (default: 14) for calculating Average True Range (ATR), which measures market volatility. Momentum Lookback Period: Configurable period (default: 14) for calculating the Rate of Change (ROC), which measures the speed and strength of price movements. Support/Resistance Lookback Period: Configurable period (default: 7 weeks) to determine critical support and resistance levels based on weekly high and low prices. 2. Volatility Analysis (ATR) The Average True Range (ATR) is calculated to quantify the market's volatility: What It Does: ATR measures the average range of price movement over the specified lookback period. Visualization: Plotted as a purple line in a separate panel below the price chart, with values amplified (multiplied by 10) for better visibility. 3. Momentum Analysis (ROC) The Rate of Change (ROC) evaluates the momentum of price movements: What It Does: ROC calculates the percentage change in closing prices over the specified lookback period, indicating the strength and direction of market moves. Visualization: Plotted as a yellow line in a separate panel below the price chart, with values amplified (multiplied by 10) for better visibility. 4. Trend Detection The indicator identifies the current market trend based on momentum and the position of the price relative to its moving average: Uptrend: Occurs when momentum is positive, and the closing price is above the simple moving average (SMA) of the specified lookback period. Downtrend: Occurs when momentum is negative, and the closing price is below the SMA. Sideways Trend: Occurs when neither of the above conditions is met. Visualization: The background of the price chart changes color to reflect the detected trend: Green: Uptrend. Red: Downtrend. Gray: Sideways trend. 5. Weekly Support and Resistance Critical levels are calculated based on weekly high and low prices: Support: The lowest price observed over the last specified number of weeks. Resistance: The highest price observed over the last specified number of weeks. Visualization: Blue Line: Indicates the support level. Orange Line: Indicates the resistance level. Both lines are displayed on the main price chart, dynamically updating as new data becomes available. 6. Alerts The indicator provides configurable alerts for trend changes, helping traders stay informed without constant monitoring: Uptrend Alert: Notifies when the market enters an uptrend. Downtrend Alert: Notifies when the market enters a downtrend. Sideways Alert: Notifies when the market moves sideways. 7. Key Use Cases Trend Following: Identify and follow the dominant trend to capitalize on sustained price movements. Volatility Assessment: Measure market activity to determine potential breakouts or quiet consolidation phases. Support and Resistance: Highlight key levels where price is likely to react, assisting in decision-making for entries, exits, or stop-loss placement. Momentum Tracking: Gauge the strength and speed of price moves to validate trends or anticipate reversals. 8. Visualization Summary Main Chart: Background color-coded for trend direction (green, red, gray). Blue and orange lines for weekly support and resistance. Lower Panels: Purple line for volatility (ATR). Yellow line for momentum (ROC).
Pine Script™ indicator
by fabiodtt
Smart VolumeThis script introduces a unique approach to volume analysis by combining three critical components that work together to identify institutional activity: 1. Adaptive Volume Analysis - Automatically calculates significant volume thresholds specific to each stock (current bar volume compared to the average of previous 6 bars) - Unlike standard indicators using fixed multipliers (like 2x average volume), this adapts to each stock's unique trading characteristics - Example: A 2x volume spike might be significant for AAPL but irrelevant for a volatile small-cap 2. Volume Contraction Pattern (VCP) Detection - Identifies periods of decreasing volume with precise criteria: • Requires 6+ consecutive periods of declining volume • Volume must compress by at least 20% from peak • Price must remain within a defined channel - Automatically detects completion of compression patterns 3. RVM (Relative Volatility Measure) Integration - Measures current volatility against historical averages - Identifies low-volatility periods that often precede major moves - When combined with volume compression, signals higher probability setups How Components Work Together: - Volume spikes are evaluated against stock-specific thresholds - VCP detection runs continuously to identify compression patterns - RVM confirms volatility contraction aligned with volume compression - When all three align, the indicator signals potential breakout entry Usage: 1. Monitor volume bars for spikes above adaptive thresholds (bright green/red)| 2. Monitor average volume line turning from white to green indicating volume contraction (the brighter the green the more contraction happened) 2. Watch for green shading at the zero-line indicating volatility compression (RVM) 3. Use the statistics table for more insights Original Features: - First indicator to combine adaptive volume thresholds with VCP detection - Implements stock-specific volume analysis instead of fixed multipliers - Integrates volatility confirmation with volume patterns - Provides real-time statistical analysis of compression patterns Best suited for daily timeframes on liquid stocks where institutional activity is most visible. Note: While patterns suggest potential moves, always confirm with price action before trading. Video:
Pine Script™ indicator
by marsrides
10
Monthly DividerThis Trading View indicator visually marks the beginning of each month starting from January 2024. It draws vertical lines on the chart at the start of each month and labels them with the corresponding month abbreviation (e.g., "Jan", "Feb"). Users can customize the color and thickness of the lines through the indicator settings, allowing for personalized chart aesthetics. This tool is ideal for traders and analysts who want to easily identify month transitions and enhance their technical analysis.
Pine Script™ indicator
by TheClairvoyant_Trader