Get started

Educational

ICT Setup 02 [TradingFinder] Breaker Blocks + Reversal Candles🔵 Introduction The "Breaker Block" concept, widely utilized in ICT (Inner Circle Trader) technical analysis, is a crucial tool for identifying reversal points and significant market shifts. Originating from the "Order Block" concept, Breaker Blocks help traders pinpoint support and resistance levels. These blocks are essential for understanding market trends and recognizing optimal entry and exit points. A Breaker Block is essentially a failed Order Block that changes its role when price action breaks through it. When an Order Block fails to hold as a support or resistance level, it reverses its function, becoming a Breaker Block. There are two primary types : Bullish Breaker Blocks and Bearish Breaker Blocks. These Breaker Blocks align with the prevailing market trend and indicate potential entry points after a liquidity sweep or a shift in market structure. Understanding and applying the Breaker Block strategy enables traders to capitalize on the behavior of institutional investors, enhancing their trading outcomes. Bullish Setup : Bearish Setup : 🔵 How to Use The ICT Setup 02 indicator designed to automate the identification of Bullish and Bearish Breaker Blocks. This tool enables traders to easily spot these blocks on a chart and utilize them for entering or exiting trades. Below is a breakdown of how to use this indicator in both bullish and bearish setups. 🟣 Bullish Breaker Block Setup A Bullish Breaker Block setup is identified in an uptrend, where it serves as a potential entry point. This setup occurs when a Bearish Order Block fails and the price moves above the high of that Order Block. In this scenario, the previously bearish Order Block turns into a Bullish Breaker Block, which now acts as a support level for the price. To trade a Bullish Breaker Block, wait for the price to retest this newly formed support level. Confirmation of the uptrend can be achieved by analyzing lower time frames for further market structure shifts or other bullish indicators. A successful retest of the Bullish Breaker Block provides a high-probability entry point for a long trade, as it signals institutional support. Traders often place their stop-loss below the low of the Breaker Block zone to minimize risk. 🟣 Bearish Breaker Block Setup A Bearish Breaker Block setup, conversely, is used in a downtrend to identify potential sell opportunities. This setup forms when a Bullish Order Block fails, and the price moves below the low of that Order Block. Once this Order Block is broken, it reverses its role and becomes a Bearish Breaker Block, providing resistance to the price as it pushes downward. For a Bearish Breaker Block trade, wait for the price to retest this resistance level. A confirmation of the downtrend, such as a market structure shift on a lower time frame or additional bearish signals, strengthens the setup. The Bearish Breaker Block retest provides an opportunity to enter a short position, with a stop-loss placed just above the high of the Breaker Block zone. 🔵 Settings Pivot Period : This setting controls the look-back period used to identify pivot points that contribute to the detection of Order Blocks. A higher period captures longer-term pivots, while a lower period focuses on more recent price action. Adjusting this parameter allows traders to fine-tune the indicator to match their trading time frame. Breaker Block Validity Period : This setting defines how long a Breaker Block remains valid based on the number of bars elapsed since its formation. Increasing the validity period keeps Breaker Blocks active for a longer duration, which can be useful for higher time frame analysis. Mitigation Level BB : This option lets traders choose the level of the Order Block at which the price is expected to react. Options like "Proximal," "50% OB," and "Distal" adjust the zone where a reaction may occur, offering flexibility in setting up the entry and stop-loss levels. Breaker Block Refinement : The refinement option refines the Breaker Block zone to display a more precise range for aggressive or defensive trading approaches. The "Aggressive" mode provides a tighter range for risk-tolerant traders, while the "Defensive" mode expands the zone for those with a more conservative approach. 🔵 Conclusion The Breaker Block indicator provides traders with a sophisticated tool for identifying key reversal zones in the market. By leveraging Breaker Blocks, traders can gain insights into institutional order flow and predict critical support and resistance levels. Using Breaker Blocks in conjunction with other ICT concepts, like Fair Value Gaps or liquidity sweeps, enhances the reliability of trading signals. This indicator empowers traders to make informed decisions, aligning their trades with institutional moves in the market. As with any trading strategy, it is crucial to incorporate proper risk management, using stop-losses and position sizing to minimize potential losses. The Breaker Block strategy, when applied with discipline and thorough analysis, serves as a powerful addition to any trader’s toolkit.
Pine Script™ indicator
by TFlab
Accumulation & Distribution Zones with Manipulation//@version=5 indicator("Accumulation & Distribution Zones with Manipulation", overlay=true) // Parameters fastLength = input.int(9, title="Fast MA Length") slowLength = input.int(21, title="Slow MA Length") manipulationThreshold = input.float(2.0, title="Manipulation Threshold (%)", minval=0) // Moving Averages fastMA = ta.sma(close, fastLength) slowMA = ta.sma(close, slowLength) // Plot Moving Averages plot(fastMA, color=color.blue, title="Fast MA") plot(slowMA, color=color.red, title="Slow MA") // Identify Accumulation and Distribution accumulation = ta.crossover(fastMA, slowMA) // Bullish crossover distribution = ta.crossunder(fastMA, slowMA) // Bearish crossover // Plot Accumulation and Distribution Zones bgcolor(accumulation ? color.new(color.green, 90) : na, title="Accumulation Zone") bgcolor(distribution ? color.new(color.red, 90) : na, title="Distribution Zone") // Draw Boxes for Accumulation var float accumulationStart = na var float accumulationEnd = na if accumulation accumulationStart := low // Start of accumulation candle accumulationEnd := na // Reset end on new accumulation if not na(accumulationStart) and not distribution accumulationEnd := high // Keep updating the end of the accumulation candle if not na(accumulationEnd) box.new(bar_index - 1, accumulationStart, bar_index, accumulationEnd, bgcolor=color.new(color.green, 70), border_color=color.green) // Labels for Accumulation and Distribution if accumulation and not accumulation label.new(bar_index, high, "Accumulation", style=label.style_label_down, color=color.green, textcolor=color.white) if distribution and not distribution label.new(bar_index, low, "Distribution", style=label.style_label_up, color=color.red, textcolor=color.white) // Manipulation Detection: Assume manipulation if the price moves significantly within the threshold manipulation = (close - ta.lowest(low, 5)) / ta.lowest(low, 5) * 100 > manipulationThreshold // Draw Boxes for Manipulation var float manipulationStart = na var float manipulationEnd = na if manipulation manipulationStart := low // Start of manipulation candle manipulationEnd := high // End of manipulation candle if not na(manipulationStart) box.new(bar_index - 1, manipulationStart, bar_index, manipulationEnd, bgcolor=color.new(color.yellow, 70), border_color=color.yellow) // Plot Manipulation Labels if manipulation label.new(bar_index, close, "Manipulation", style=label.style_label_down, color=color.yellow, textcolor=color.black) // Alerts alertcondition(accumulation, title="Accumulation Alert", message="Potential Accumulation Zone identified!") alertcondition(distribution, title="Distribution Alert", message="Potential Distribution Zone identified!") alertcondition(manipulation, title="Manipulation Alert", message="Potential Manipulation detected!")
Pine Script™ indicator
by SoniaDP
MACD Histogram Fibonacci Retracement LevelsMACD Histogram Fibonacci Retracement Level s. MACD Histogram Fibonacci Retracement Levels indicator considers the highest and lowest histogram bar levels from Intraday Day Open. Fibonacci retracement levels 23.6%, 38.2%, 50%, 61.8%, and 78.6% are displayed for the Highest and Lowest histogram bar .As the day progress revised Fibonacci Retracement Levels are set in based on change in Highest and Lowest histogram bar levels. Histogram bars positions are monitored vis a vis the Fibonacci Retracement Levels to plan the trade entry or exit as per MACD indicator. MACD and Signal levels are opted out to get clear histogram bar image on chart. Input check in box is available to display MACD and signal lines at Users option. A Histogram intraday average line (Histo Intra Avg) indicate the intraday average movement of histogram bars. MACD Histogram Fibonacci Retracement Levels is very useful to know the level of upward and downward Histogram bar movements vis a vis Fibonacci Retracement Levels compared to general MACD Indicator Histogram levels. DISCLAIMER: For educational and entertainment purpose only .Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security/ies or investment/s.
Pine Script™ indicator
by avsr90
2
RSI von JanCertainly! Here's a shorter version of the explanation: ### RSI Indicator Overview: This script calculates the **Relative Strength Index (RSI)** and overlays an **EMA55** on the RSI. It also visually highlights overbought and oversold conditions. 1. **RSI Calculation**: - The RSI is calculated based on average gains and losses over a defined period (default is 14). - It uses `ta.rma()` to smooth the gains and losses. 2. **Color Changes**: - The RSI line is **red** when the RSI is above 71 (overbought), **green** when it's below 29 (oversold), and **blue** for neutral values between 29 and 71. - The color also adjusts based on whether the RSI is rising or falling. 3. **Bands**: - Horizontal lines at **70** and **30** mark the overbought and oversold levels. - A shaded purple area fills between these levels. 4. **EMA55**: - A 55-period **Exponential Moving Average (EMA)** is plotted on the RSI to show longer-term trends. ### Summary: - **RSI > 70**: Overbought, potential for a reversal. - **RSI < 30**: Oversold, potential buying opportunity. - **EMA55** helps identify longer-term trends. This script provides a clear visual representation of the RSI with color-coded conditions and an EMA for trend analysis.
Pine Script™ indicator
by BTCBombie
TradeSafe™Trade Safe™ is an innovative tool designed to help traders conquer two of the biggest obstacles to success—greed and overtrading. Our software integrates powerful behavioral insights with intuitive, user-friendly controls, providing a seamless experience that keeps you on track with your strategy. By setting clear boundaries and reminding you when it's time to pause, Trade Safe™ empowers you to trade with confidence, balance, and discipline. Built for both beginners and experienced traders, Trade Safe™ is your partner for maintaining focus and maximizing long-term gains without succumbing to the pitfalls of emotional trading. Using Trade Safe™ is simple. Just enter your stop-loss on your second trade, and once that limit is reached, a screen will automatically pop up, blocking your ability to see the charts. This feature forces you to step away from the screen, making it easier to pause until the next trading session and preventing impulsive trades that can disrupt your goals.
Pine Script™ indicator
by TrdSafe
Dynamic Linear CandlesDynamic Linear Candles is a unique and versatile indicator that reimagines traditional candlestick patterns by integrating customizable moving averages directly into candle structures. This dynamic approach smooths the appearance of candlesticks to better highlight trends and suppress minor market noise, allowing traders to focus on essential price movements. Key Features: 1. Dynamic Candle Smoothing: Choose between popular smoothing types (SMA, EMA, WMA, HMA) to apply directly to each candle’s Open, High, Low, and Close values. This adaptive smoothing reveals hidden trends by refining price action into simplified, flowing candles, ideal for spotting subtle changes in market sentiment. 2. Signal Line Overlay: The signal line provides an additional layer of trend confirmation. Select from SMA, EMA, WMA, or HMA smoothing to match your trading style. The line dynamically changes color based on the price’s relative position, helping traders quickly identify bullish or bearish shifts. 3. Enhanced Candle Visualization: Candles adjust in color and opacity based on bullish or bearish trends, providing immediate visual cues about market momentum. The customized color and opacity settings allow for clearer distinction, especially in noisy markets. Why This Combination? This script is more than just an aesthetic adjustment; it’s a purposeful combination of moving averages and candle smoothing designed to enhance readability and actionable insights. Traditional candles often suffer from excessive noise in volatile markets, and this mashup addresses that by creating a smooth, flowing chart that adapts to the underlying trend. The Signal Line adds confirmation, acting as a filter for potential entries and exits. Together, these elements serve as a concise toolset for traders aiming to capture trend-based opportunities with clarity and precision.
Pine Script™ indicator
by TradeTechanalysis
Zones by RajeshThis T "Zones by Rajesh," creates a visual representation of high and low zones based on the Average Daily Range (ADR) for the past 5 and 10 days. This script can be useful for identifying potential support and resistance zones around the opening price for each trading day. How to Use the Indicator: Identify Support and Resistance Zones: The filled zones visually show where the price might find support (green) or resistance (red) based on historical price action over the last 5 and 10 days. Trading Strategies: Range Bound Trading: When prices enter the filled zones, it can be a signal that price may encounter support or resistance. Breakout Signals: Price breaking above or below these zones can indicate potential for a continued trend in that direction. Risk Management: The zones offer a reference for setting stop-loss and take-profit levels, as the ADR gives a statistically calculated boundary based on recent price movement. This indicator is versatile for intraday trading setups, particularly for identifying potential reversal or breakout zones around the day's opening price.
Pine Script™ indicator
by Rajeshnandha
Global OECD CLI Diffusion Index YoY vs MoMThe Global OECD Composite Leading Indicators (CLI) Diffusion Index is used to gauge the health and directional momentum of the global economy and anticipate changes in economic conditions. It usually leads turning points in the economy by 6 - 9 months. How to read: Above 50% signals economic expansion across the included countries. Below 50% signals economic contraction. The diffusion index component specifically shows the proportion of countries with positive economic growth signals compared to those with negative or neutral signals. The OECD CLI aggregates data from several leading economic indicators including order books, building permits, and consumer and business sentiment. It tracks the economic momentum and turning points in the business cycle across 38 OECD member countries and several other Non-OECD member countries.
Pine Script™ indicator
by johnnyszerdi
CCI Threshold StrategyThe CCI Threshold Strategy is a trading approach that utilizes the Commodity Channel Index (CCI) as a momentum indicator to identify potential buy and sell signals in financial markets. The CCI is particularly effective in detecting overbought and oversold conditions, providing traders with insights into possible price reversals. This strategy is designed for use in various financial instruments, including stocks, commodities, and forex, and aims to capitalize on price movements driven by market sentiment. Commodity Channel Index (CCI) The CCI was developed by Donald Lambert in the 1980s and is primarily used to measure the deviation of a security's price from its average price over a specified period. The formula for CCI is as follows: CCI=(TypicalPrice−SMA)×0.015MeanDeviation CCI=MeanDeviation(TypicalPrice−SMA)×0.015​ where: Typical Price = (High + Low + Close) / 3 SMA = Simple Moving Average of the Typical Price Mean Deviation = Average of the absolute deviations from the SMA The CCI oscillates around a zero line, with values above +100 indicating overbought conditions and values below -100 indicating oversold conditions (Lambert, 1980). Strategy Logic The CCI Threshold Strategy operates on the following principles: Input Parameters: Lookback Period: The number of periods used to calculate the CCI. A common choice is 9, as it balances responsiveness and noise. Buy Threshold: Typically set at -90, indicating a potential oversold condition where a price reversal is likely. Stop Loss and Take Profit: The strategy allows for risk management through customizable stop loss and take profit points. Entry Conditions: A long position is initiated when the CCI falls below the buy threshold of -90, indicating potential oversold levels. This condition suggests that the asset may be undervalued and due for a price increase. Exit Conditions: The long position is closed when the closing price exceeds the highest price of the previous day, indicating a bullish reversal. Additionally, if the stop loss or take profit thresholds are hit, the position will be exited accordingly. Risk Management: The strategy incorporates optional stop loss and take profit mechanisms, which can be toggled on or off based on trader preference. This allows for flexibility in risk management, aligning with individual risk tolerances and trading styles. Benefits of the CCI Threshold Strategy Flexibility: The CCI Threshold Strategy can be applied across different asset classes, making it versatile for various market conditions. Objective Signals: The use of quantitative thresholds for entry and exit reduces emotional bias in trading decisions (Tversky & Kahneman, 1974). Enhanced Risk Management: By allowing traders to set stop loss and take profit levels, the strategy aids in preserving capital and managing risk effectively. Limitations Market Noise: The CCI can produce false signals, especially in highly volatile markets, leading to potential losses (Bollinger, 2001). Lagging Indicator: As a lagging indicator, the CCI may not always capture rapid market movements, resulting in missed opportunities (Pring, 2002). Conclusion The CCI Threshold Strategy offers a systematic approach to trading based on well-established momentum principles. By focusing on overbought and oversold conditions, traders can make informed decisions while managing risk effectively. As with any trading strategy, it is crucial to backtest the approach and adapt it to individual trading styles and market conditions. References Bollinger, J. (2001). Bollinger on Bollinger Bands. New York: McGraw-Hill. Lambert, D. (1980). Commodity Channel Index. Technical Analysis of Stocks & Commodities, 2, 3-5. Pring, M. J. (2002). Technical Analysis Explained. New York: McGraw-Hill. Tversky, A., & Kahneman, D. (1974). Judgment under uncertainty: Heuristics and biases. Science, 185(4157), 1124-1131.
Pine Script™ strategy
by EdgeTools
Pritesh-Intraday This script is a customized TradingView indicator designed to identify potential intraday buy and sell opportunities using a combination of technical indicators and filters to enhance signal quality. It leverages multiple parameters and timeframes to assess market momentum, trend strength, and volume conditions, aiming to capture price swings during the day. Key features include: 1. **Multi-Timeframe Analysis**: Core signals, such as RSI, SMA, EMA, and ADX, are calculated on a 5-minute timeframe to enhance short-term trend detection. 2. **RSI and ADX Conditions**: Buy signals are generated when the short-term moving average is above the long-term moving average, the RSI is over 60, and ADX exceeds a set threshold, indicating a strong upward trend. Sell signals follow the opposite conditions with a lower RSI threshold. This combination helps validate signal strength based on price momentum. 3. **Stochastic and Volume Filters**: Optional volume and stochastic filters reduce noise by checking for high-volume conditions and avoiding overbought/oversold levels, making signals more reliable. 4. **Trend Confirmation with EMA**: A long-term EMA filter aligns entries with the prevailing trend, minimizing counter-trend signals and improving signal accuracy in trending markets. 5. **In-Position State Management**: The indicator tracks whether it’s currently "in position," ensuring that only one active signal—either buy or sell—is followed at a time, with appropriate exit conditions for each position. 6. **Custom Exit Logic**: Exit points for buy and sell positions are triggered by a trend reversal, declining RSI, or stochastic levels, optimizing the entry and exit timing for each trade. 7. **Visual Signals and Plotting**: The script includes buy and sell markers, along with the plotted short- and long-term SMAs, EMA, ADX, and stochastic levels, allowing easy visual confirmation of conditions and signal points on the chart.
Pine Script™ indicator
by logicalDirecto4557