Dynamic Support & Resistance TrackerThe "Dynamic Support & Resistance Tracker" is a powerful Pine Script study designed to identify and visualize key support and resistance levels on a trading chart. This study dynamically adjusts to market conditions, providing traders with valuable insights for making informed trading decisions.
Key Features:
Dynamic Support & Resistance Lines:
The script identifies and plots support and resistance levels using pivot points based on a user-defined number of left and right bars.
Resistance lines are plotted in red, while support lines are plotted in blue, making it easy to distinguish between the two.
Toggle Breaks:
Users can choose to display or hide break signals for support and resistance levels using a simple toggle input.
Volume Threshold:
The study includes daily and weekly high and low calculations to provide a comprehensive view of market ranges.
Previous high and low lines are plotted for both daily and weekly timeframes, aiding in identifying potential breakout or breakdown levels.
Regular Market Hours:
The script defines regular market hours and tracks sessions, ensuring that support and resistance levels are relevant to active trading periods.
Midline and Extension Lines:
The study calculates and plots a midline between the previous high and low, along with extension lines above and below the range. These lines help identify potential target levels and extensions beyond the current range.
Real-time Updates:
The script ensures that all lines are updated in real-time, adjusting to new bars as they form. This dynamic feature keeps the levels relevant and accurate throughout the trading session.
Usage Instructions:
Adjust the number of left and right bars to define the sensitivity of the support and resistance levels.
Toggle the display of break signals to highlight significant breaks in support or resistance.
Monitor the daily and weekly high and low lines to understand the broader market context.
Utilize the midline and extension lines to set potential price targets and manage risk effectively.
This study provides traders with a robust tool for identifying and reacting to key market levels, enhancing their trading strategies with dynamic and real-time insights.
Multitimeframe
Doji Modern IndicatorDoji Patterns will be found based on 3 conditions -
Check if Open-close difference is a certain percentage of High-low difference
Check Upper & Lower wick sizes are greater than respective min threshold values
Check if the difference of Upper & Lower wick size is higher than the min threshold value
The threshold values are predetermined based on the timeframe selected for the chart
Phaser [QuantVue]The Phaser indicator is a tool to help identify inflection points by looking at price relative to past prices across multiple timeframes and assets.
Phase 1 looks for the price to be higher or lower than the closing price of the bar 4 bars earlier and is complete when 9 consecutive bars meet this criterion.
A completed Phase 1 is considered perfect when the highs (bearish) or lows (bullish) have been exceeded from bars 6 and 7 of the phase.
A bullish setup requires 9 consecutive closes less than the close 4 bars earlier.
A bearish setup requires 9 consecutive closes greater than the close 4 bars earlier.
Phase 2 begins once Phase 1 has been completed. Phase 2 compares the current price to the high or low of two bars earlier.
Unlike Phase 1, Phase 2 does not require the count to be consecutive.
Phase 2 is considered complete when 13 candles have met the criteria.
An important aspect to Phase 2 is the relationship between bar 13 and bar 8.
To ensure the end of Phase 2 is in line with the existing trend, the high or low of bar 13 is compared to the close of bar 8.
A bullish imperfect 13 occurs when the current price is less than the low of 2 bars earlier, but the current low is greater than the close of bar 8 in Phase 2.
A bearish imperfect 13 occurs when the current price is greater than the high of 2 bars earlier, but the current high is less than the close of bar 8 in Phase 2.
Phase 2 does not need to go until it is complete. A Phase 2 can be canceled if the price closes above or below the highest or lowest price from Phase 1.
Settings
3 Tickers
3 Timeframes
Show Phase 1
Show Phase 2
User-selected colors
Advanced RSI [CryptoSea]The Advanced RSI Duration (ARSI) is a unique tool crafted to deepen your market insights by focusing on the duration the Relative Strength Index (RSI) spends above or below key thresholds. This innovative approach is designed to help traders anticipate potential market reversals by observing sustained overbought and oversold conditions.
Core Feature
Duration Monitoring ARSI's standout feature is its ability to track how long the RSI remains in overbought (>70) or oversold (<30) conditions. By quantifying these durations, traders can gauge the strength of current market trends and the likelihood of reversals.
Enhanced Functionality
Multi-Timeframe Flexibility : Analyze the RSI duration from any selected timeframe on your current chart, offering a layered view of market dynamics.
Customizable Alerts : Receive notifications when the RSI maintains its position above or below set levels for an extended period, signaling sustained market pressure.
Visual Customization : Adjust the visual elements, including colors for overbought and oversold durations, to match your analytical style and preferences.
Label Management : Control the frequency of labels marking RSI threshold crossings, ensuring clarity and focus on significant market events.
Settings Overview
RSI Timeframe & Length : Tailor the RSI calculation to fit your analysis, choosing from various timeframes and period lengths.
Threshold Levels : Define what you consider overbought and oversold conditions with customizable upper and lower RSI levels.
Duration Alert Threshold : Set a specific bar count for how long the RSI should remain beyond these thresholds to trigger an alert.
Visualization Options : Choose distinct colors for durations above and below thresholds, and adjust label visibility to suit your charting approach.
Application & Strategy
Use ARSI to identify potential turning points in the market
Trend Exhaustion : Extended periods in overbought or oversold territories may indicate a strong trend but also warn of possible exhaustion and impending reversals.
Comparative Analysis : By evaluating the current duration against historical averages, traders can assess the relative strength of ongoing market conditions.
Strategic Entries/Exits : Utilize duration insights to refine entry and exit points, capitalizing on the predictive nature of prolonged RSI levels.
Alert Conditions
The Advanced RSI (ARSI) offers critical alert mechanisms to aid traders in identifying prolonged market conditions that could lead to actionable trading opportunities. These conditions are designed to alert traders when the RSI remains at extremes longer than typical durations, signaling sustained market behaviors.
Above Upper Level Alert: This alert is triggered when the RSI sustains above the upper threshold (usually 70) for more than the configured duration, indicating strong bullish momentum or potential overbought conditions.
Below Lower Level Alert: Similarly, this alert is activated when the RSI stays below the lower threshold (commonly 30) for an extended period, suggesting significant bearish momentum or potential oversold conditions.
These alerts enable traders to respond swiftly to extend market conditions, enhancing their strategy by providing timely insights into potential trend reversals or continuations.
The Advanced RSI Duration Analysis empowers traders with a nuanced understanding of market states, beyond mere RSI values. It highlights the significance of how long markets remain in extreme conditions, offering a predictive edge in anticipating reversals. Whether you're strategizing entries or preparing for shifts in market momentum, ARSI is your companion for informed trading decisions.
MA Cross HeatmapThe Moving Average Cross Heatmap Created by Technicator , visualizes the crossing distances between multiple moving averages using a heat map style color coding.
The main purpose of this visualization is to help identify potential trend changes or trading opportunities by looking at where the moving averages cross over each other.
Key Features:
Can plot up to 9 different moving average with their cross lengths you set
Uses a heat map to show crossing distances between the MAs
Adjustable settings like crossing length percentage, color scheme, color ceiling etc.
Overlay style separates the heat map from the price chart
This is a unique way to combine multiple MA analysis with a visual heat map representation on one indicator. The code allows you to fine-tune the parameters to suit your trading style and preferences. Worth checking out if you trade using multiple moving average crossovers as part of your strategy.
NY Killzone (Morning, Lunch, Afternoon)Indicator for New York session that splits Morning, Lunch and Afternoon part of the session.
Works on Time Frames of 30m and below.
Moving Average Crossover Strategy by AI and Anton ThomasDescription:
Indicator Name: Moving Average Crossover Strategy
Overview:
The "Moving Average Crossover Strategy" is a technical analysis indicator that combines moving averages and the Relative Strength Index (RSI) to identify potential buy and sell signals. It aims to capture trend reversals and momentum shifts in the market.
Key Components:
Moving Averages:
The indicator calculates two moving averages:
Fast Moving Average (10-period SMA): This average reacts more quickly to price changes.
Slow Moving Average (30-period SMA): This average provides a smoother trend indication.
A bullish signal occurs when the fast moving average crosses above the slow moving average (golden cross), indicating a potential uptrend.
A bearish signal occurs when the fast moving average crosses below the slow moving average (death cross), indicating a potential downtrend.
Relative Strength Index (RSI):
The RSI measures the strength and momentum of price movements on a scale of 0 to 100.
A reading above 70 indicates overbought conditions, suggesting a potential reversal to the downside.
A reading below 30 indicates oversold conditions, suggesting a potential reversal to the upside.
Trading Signals:
Buy Signal:
Generated when the fast moving average crosses above the slow moving average (longCondition).
Additionally, a buy signal is identified when the RSI is oversold (below 30) and then crosses above the oversold threshold.
The indicator plots a green triangle above the bar to indicate the buy signal.
Sell Signal:
Generated when the fast moving average crosses below the slow moving average (shortCondition).
Additionally, a sell signal is identified when the RSI is overbought (above 70) and then crosses below the overbought threshold.
The indicator plots a red triangle below the bar to indicate the sell signal.
Additional Features:
Bullish Engulfing Pattern:
Detects bullish engulfing candlestick patterns, indicating potential bullish reversals.
Plots a green triangle below the bar to highlight the bullish engulfing pattern.
Bearish Engulfing Pattern:
Detects bearish engulfing candlestick patterns, indicating potential bearish reversals.
Plots a red triangle above the bar to highlight the bearish engulfing pattern.
Oversold and Overbought Levels:
Plots horizontal dashed lines at 30 (oversold) and 70 (overbought) on the RSI indicator.
Usage:
Traders can use this indicator to identify potential entry and exit points in the market based on moving average crossovers, RSI conditions, and candlestick patterns. It provides a comprehensive view of trend direction and momentum.
Considerations:
Always confirm signals with other technical analysis tools and market conditions.
Implement proper risk management strategies to minimize potential losses.
Example:
A buy signal is generated when the fast moving average crosses above the slow moving average, and the RSI is below 30 but crosses above it.
A sell signal is generated when the fast moving average crosses below the slow moving average, and the RSI is above 70 but crosses below it.
If you find this indicator profitable, please support by gifting some USDT (BSC NETWORK): 0x2c5c2dd39bbcc9453dd1428d881da37dacd9bf47
or just a thank you email at antonthomasfull(at)gmail.com
MTF Supertrend [CryptoSea]The MTF Supertrend Indicator is a versatile tool crafted to enhance trend analysis across multiple timeframes. Leveraging the reliable Supertrend formula, it provides traders with a comprehensive view of market trends and potential reversal points.
Key Features
Multi Timeframe Analysis: Tracks Supertrend signals over a variety of timeframes, offering a broad perspective on market direction.
Percentage Threshold Display: Filters out Supertrend data that is not within a specified percentage of the current price, keeping the display focused on relevant trends.
Adaptive Visual Display: Features a dynamic table that shows the current Supertrend status, which is fully customizable to the user's display preferences.
Customizable Sensitivity: Users can fine-tune the factor and ATR period settings, allowing for personalized trend sensitivity.
How it Works
Supertrend Calculation: Computes the Supertrend using the Average True Range (ATR) multiplied by a customizable factor, detecting changes in volatility and trend.
Higher Timeframe Filtering: Prioritizes higher timeframe trends over the current chart's timeframe to avoid chart clutter and focus on the most significant trends.
Colour-Coded Trends: Utilizes colour coding to clearly indicate bullish and bearish trends, aiding quick visual analysis.
Responsive Display Options: Includes a switchable table view to overlay trend information on the chart, with options for dark and light themes.
Benefits for Different Trading Styles
Day Traders: Use real-time updates to catch short-term trend reversals and ride the momentum for quick profits.
Swing Traders: Benefit from viewing medium to long-term trends to formulate strategies that span several days or weeks.
Position Traders: Utilize the monthly supertrend data to make long-term investment decisions based on prevailing market directions.
Application
Strategic Decision-Making: Assists traders in making informed decisions by providing a layered view of trend directions across timeframes.
Trend Confirmation: Reinforces trading strategies by confirming trends with higher timeframe Supertrend alignment.
Customized Analysis: Adapts to various trading styles with input settings that control the display and sensitivity of trend data.
The MTF Supertrend Indicator by is a powerful addition to the trader's toolkit, enhancing multi-timeframe trend analysis and contributing to a strategic trading approach in volatile markets.
Engulfing CandlesThis script serves as the "Engulfing Candles" indicator in TradingView. Here's what it does:
- It identifies bullish candlestick patterns where the current candle's high is lower than the previous candle's high, the current candle's low is higher than the previous candle's low, the current candle's close is higher than the previous candle's close, and the current candle's open is higher than the previous candle's open. It also identifies bearish candlestick patterns where the conditions are reversed.
- The indicator colors bullish candles in a specific color (Yellow Green) to visually highlight the bullish pattern, and colors bearish candles in another color (Purple pink) to visually highlight the bearish pattern.
- Additionally, it triggers an alert when either the bullish or bearish triangle shape appears, notifying traders with the message "A Southern Star Shadows pattern has appeared!"
HTF Candle Consistency [LuxAlgo]The HTF Candle Consistency indicator tracks the most recent candle sentiment in up to 10 Higher Timeframe (HTF) and colors the user chart candle bodies based on the dominating sentiment. Users can weigh specific timeframes more significantly.
Additionally, the script provides an HTF dashboard that displays the current directional readouts for each selected timeframe to allow for an independent HTF analysis.
🔶 USAGE
Analyzing the movement and direction of higher timeframe candles can help filter out noisy variation from the price, and could be utilized to time trades better. When the majority of recent candles from the selected timeframes are bullish, the candle body will be colored in green, if this majority is bearish it will be colored in red.
Using the "Tricolor" coloring mode introduces a third coloring option, and is used when there isn't a clear sentiment majority across the selected timeframes, this option effectively allows for filtering out unwanted trends.
Users can control the variations to be filtered out depending on their chart timeframe and the enabled HTF's in the settings. Using low timeframes with higher HTF's will gray out a larger amount of candles, disabling these timeframes, changing them, or giving higher weighting to lower HTF's will allow for obtaining more dominance detection, and as such less grayed-out candles.
As seen above, the weight function allows for precise control over the specific elements being analyzed.
This indicator also features a dashboard for viewing each timeframe's direction at the same time. By doing so, it allows for better judgment on the specific elements composing the current HTF majority.
🔶 DETAILS
This indicator is only intended for Higher Timeframe Analysis, all the input timeframes should be kept equal to or lower than your current chart timeframe.
NOTE: This is necessary for data accuracy in most multi-timeframe indicators, and is generally a good practice to keep in mind.
As a reminder, the dashboard will display the timeframe in red text if a lower timeframe is detected. It is recommended to change or disable this timeframe for your analysis.
This indicator can support up to 10 timeframes, each with independent weightings.
NOTE: When a timeframe is disabled, the dashboard will no longer display that timeframe, and it will not be used in calculations.
🔹 Candle Coloring
Candle color can be selected between 3 modes.
Tricolor (Default): Changes the color based on a 3-part split of the possible data sum range.
Bicolor: Changes the color based on the sum being greater than or less than 0.
Gradient: Uses a 3-color gradient to determine the candle color based on the possible data sum range.
🔶 SETTINGS
🔹 Higher Timeframes
Toggle: Enable/Disable the timeframe from analysis.
Timeframe: Select which timeframe to use for analysis. <- NOTE: This input reflects any custom intervals you have created on Tradingview.
Weight: Determines the Weighting (Multiplier) for the timeframe's direction.
🔹 Style
Color Mode: (More details above) Determines the color mode in use for coloring candles.
🔹 Dashboard
General Settings: Control Toggle, Location, & Size of Dashboard on your chart.
Orientation: Choose to display the dashboard in a "Vertical (default)" or "Horizontal" orientation to fit your style.
Session TimesDescription:
This indicator simply when enabled will draw dashed lines at each of the session openings. This is based on UTC+1 Time. There will be lines at 00:00 & 08:00 (Asian Session), lines at 08:00 & 13:00 (London Session) and finally lines at 13:00 & 00:00 (New York Session).
Potential Use:
There are many ways you could use this indicator to benefit your trading, but the best way I find is that it makes it clear where the previous highs and lows are of a session, which are potential areas you could trade off. Obviously, there are many other ways you can use this to help you.
How The Script Works:
The way the script works isn't too complicated as it is only a short script. Simply it firstly calculates what are the weekdays (Whenever it isn't Saturday or Sunday). Then from there simply finds the times which I mentioned above, and adds a vertical dashed line there.
Future Updates:
In the future I will mainly be looking to make the indicator more customisable. Firstly, I will look to make it so that the user can adjust the times that the lines are drawn at so it still works wherever you are in the world. I would also like to make it so the user can choose the colour of the lines. If you have any other additions you would like added to this, then feel free to message me.
NZTInstitutionalLevelDESCRIPTION IN ENGLISH
🔶 INTRODUCTION
NZTInstitutionalLevel is an indicator for the TradingView platform designed to display institutional levels on a price chart. This script is based on the concept of calculating significant price levels that can be used for both long-term trading and intraday operations. The indicator calculates and visualizes the levels at which large market participants , such as institutional investors and large funds , can actively participate. The displayed levels are very important , as psychologically people tend to buy or sell at these levels, which makes them a reliable support in the analysis
🔶 CONTENT
The indicator uses the analysis of support and resistance levels , which are often tested by major market players . These levels represent prices that have historically experienced significant price movements due to large trading volumes, making them relevant for future trading decisions. You may notice that price often reverses or tests these round levels. These levels are a powerful pillar of price action analysis.
🔶 KEY FEATURES
The indicator displays institutional (bank) levels . Thanks to which you can easily determine the position of major players and the direction of their capital.
Visualization customization:
Users can customize the display of levels by selecting color, thickness and line style (solid, dotted, dashed).
Adaptability:
The script adapts the level step size depending on the current price of the asset and the selected time interval, which allows it to be used in various trading conditions and for assets with different volatility and price range.
Automatic scaling:
The number of displayed levels changes depending on the selected time interval, allowing traders to focus only on significant levels without overloading the chart with unnecessary information.
🔶 SETTINGS
🔹 Show Institutional Levels (Показывать институциональные уровни)
Allows you to disable or enable the display of institutional levels.
🔹 Level color (Цвет уровней)
Allows you to customize the color of the levels.
🔹 Level thickness (Толщина уровней)
Allows you to adjust the thickness of the levels.
🔹 Level style (Стиль уровней)
Allows you to customize the levels' style.
🔶 RECOMMENDATIONS FOR USE
To use the indicator, activate it on the desired price chart through the TradingView indicator menu. Once activated, adjust the visibility, color, style and thickness of the levels according to your preferences. The indicator will automatically calculate and display institutional levels based on the current asset price and configured parameters . These levels can serve as potential points for placing buy or sell orders, setting stop losses, or taking profits.
The indicator was developed by Temirlan Tolegenov for NZT Trader Community , May 2024, Prague, Czech Republic.
ОПИСАНИЕ НА РУССКОМ ЯЗЫКЕ
🔶 ВСТУПЛЕНИЕ
NZTInstitutionalLevel – это индикатор для платформы TradingView, предназначенный для отображения институциональных уровней на ценовом графике . Этот скрипт основан на концепции вычисления значимых ценовых уровней , которые могут быть использованы как для долгосрочной торговли, так и для интрадей-операций . Индикатор рассчитывает и визуализирует уровни , на которых могут активно участвовать крупные участники рынка , такие как институциональные инвесторы и большие фонды . Отображаемые уровни очень важны , так как психологически люди склонны покупать или продавать на этих уровнях , что делает их надежной опорой при анализе.
🔶 СОДЕРЖАНИЕ
Индикатор использует анализ уровней поддержки и сопротивления , которые часто тестируются крупными игроками рынка . Эти уровни представляют собой цены, на которых исторически происходили значительные движения цен за счет больших объемов торгов, что делает их релевантными для будущих торговых решений. Вы можете заметить, что цена часто разворачивается или тестирует эти круглые уровни. Эти уровни являются мощной основой анализа price action.
🔶 КЛЮЧЕВЫЕ ОСОБЕННОСТИ
Индикатор отображает институциональные (банковские/круглые) уровни. Благодаря чему вы легко сможете определить позиции крупных игроков и направление их капиталов.
Настройка визуализации:
Пользователи могут настроить отображение уровней, выбрав цвет, толщину и стиль линий (сплошные, пунктирные, точками).
Адаптивность:
Скрипт адаптирует размер шага уровня в зависимости от текущей цены актива и выбранного временного интервала, что позволяет использовать его в различных торговых условиях и для активов с разной волатильностью и ценовым диапазоном.
Автоматическое масштабирование:
Количество отображаемых уровней меняется в зависимости от выбранного временного интервала, позволяя трейдерам сосредоточиться только на значимых уровнях, не перегружая график лишней информацией.
🔶 НАСТРОЙКИ
🔹 Показывать институциональные уровни
Позволяет отключить или включить отображение институциональных уровней.
🔹 Цвет уровней
Позволяет настроить цвет уровней.
🔹 Толщина уровней
Позволяет регулировать толщину уровней.
🔹 Стиль уровней
Позволяет настроить стиль уровней.
🔶 РЕКОМЕНДАЦИИ К ИСПОЛЬЗОВАНИЮ
Для использования индикатора, активируйте его на желаемом ценовом графике через меню индикаторов TradingView. После активации, н астройте видимость, цвет, стиль и толщину уровней в соответствии с вашими предпочтениями. Индикатор автоматически рассчитает и отобразит институциональные уровни , основываясь на текущей цене актива и настроенных параметрах . Эти уровни могут служить потенциальными точками для размещения ордеров на покупку или продажу, установления стоп-лоссов или взятия прибыли.
Индикатор разработан Темирланом Толегеновым для международного сообщества NZT Trader , Май 2024, Прага, Чешская Республика.
The indicator is published in accordance and respect to all House Rules of the TradingView platform.
Индикатор опубликован в соответствии и уважением ко всем внутренним правилами платформы TradingView.
Premium Imbalance FinderIntroducing the Premium Imbalances Indicator, a powerful tool designed help traders identify and analyze market imbalances. This advanced indicator offers a comprehensive suite of features to enhance your trading experience and provide valuable insights into market dynamics.
Key Features:
Fair Value Gap (FVG): Identify price ranges where the market has not achieved fair value, indicating potential imbalances and trading opportunities.
Balanced Price Range (BPR): Visualize price ranges where the market has found a balance between supply and demand.
Volume Imbalance: Detect areas of significant volume imbalance, highlighting the absence of body volume and potential market inefficiencies.
Opening Gap: Identify un-offered price ranges at the opening of a trading session, providing insights into potential market direction.
Customizable Display: Adjust the display limit to control the number of imbalance boxes visible on the chart, ensuring a clutter-free and focused view.
Mitigation Analysis: Set a mitigation level to determine when an imbalance has been mitigated and track the percentage of mitigation for each imbalance.
Higher Timeframe Analysis: Enable the HTF Imbalance feature to analyze imbalances on higher timeframes, providing a broader perspective on market structure.
Customizable Appearance: Personalize the colors of imbalance boxes, premium zones, and mid-lines to suit your visual preferences and easily distinguish between bullish and bearish imbalances.
Flexible Imbalance Extension: Choose between custom, current, or extended imbalance box display to adapt to your trading style and analysis requirements.
Detailed Tooltips: Hover over imbalance labels to view the percentage of mitigation for each imbalance, providing quick and easy access to crucial information.
The Premium Imbalances Indicator is suitable for traders of all levels, from beginners to experienced professionals, and can be used across various markets and timeframes.
By utilizing this powerful tool, traders can gain a deeper understanding of market dynamics, identify potential trading opportunities, and make more informed decisions based on the analysis of imbalances. The indicator's customizable features and detailed insights make it an essential addition to any trader's toolkit.
Futures Auto Levels [NariCapitalTrading]Futures Auto Levels Indicator
Introduction
The "Futures Auto Levels" (FAL) indicator shows the previous day's levels, weekly open, high, low, and the Initial Balance Range (IBR).
Indicator Components
The FAL indicator comprises the following components:
Previous Day's Levels: These include the open, high, low, and close of the previous trading day. They are represented on the chart by lines and labels, helping to identify significant price levels from the prior session.
Weekly Open, High, Low: These levels represent the open, high, and low prices of the current trading week.
Initial Balance Range (IBR): The IBR is calculated based on the price range during the first 60 minutes of the trading day. It helps identify initial trading range and potential breakout levels.
How to Use the Indicator
1. Previous Day's Levels:
Monitor the previous day's open, high, low, and close to identify key support and resistance levels.
Use these levels to gauge market sentiment and potential price reversals.
2. Weekly Open, High, Low:
Pay attention to the weekly open, high, and low to understand the market's behavior within the weekly timeframe.
These levels can act as reference points for setting profit targets and stop-loss orders.
3. Initial Balance Range (IBR):
Watch for price movements within the IBR to identify potential trading opportunities.
Breakouts above or below the IBR may signal the beginning of a new trend or continuation of the current trend.
Suggested/Potential Strategies
Reversal Trading: Look for price reversals around previous day's levels, especially when they coincide with other technical indicators or significant support/resistance zones.
Trend Following: Follow the trend by trading breakouts above/below the IBR or weekly high/low levels. Use trailing stops to capture profits while the trend remains intact.
Range Trading: Trade within the IBR when the market is consolidating. Buy near the IBR low and sell near the IBR high, with tight stop-loss orders to manage risk.
Conclusion
The Futures Auto Levels indicator is designed to help incorporate levels into trading analysis and trading strategies to improve profitability and consistency.
Multi Timeframe RSI Buy Sell Strategy [TradeDots]The "Multi Timeframe RSI Buy/Sell Strategy" is a trading strategy that utilizes Relative Strength Index (RSI) indicators from multiple timeframes to provide buy and sell signals.
This strategy allows for extensive customization, supporting up to three distinct RSIs, each configurable with its own timeframe, length, and data source.
HOW DOES IT WORK
This strategy integrates up to three RSIs, each selectable from different timeframes and customizable in terms of length and source. Users have the flexibility to define the number of active RSIs. These selections visualize as plotted lines on the chart, enhancing interpretability.
Users can also manage the moving average of the selected RSI lines. When multiple RSIs are active, the moving average is calculated based on these active lines' average value.
The color intensity of the moving average line changes as it approaches predefined buying or selling thresholds, alerting users to potential signal generation.
A buy or sell signal is generated when all active RSI lines simultaneously cross their respective threshold lines. Concurrently, a label will appear on the chart to signify the order placement.
For those preferring not to display order information or activate the strategy, an "Enable backtest" option is provided in the settings for toggling activation.
APPLICATION
The strategy leverages multiple RSIs to detect extreme market conditions across various timeframes without the need for manual timeframe switching.
This feature is invaluable for identifying divergences across timeframes, such as detecting potential short-term reversals within broader trends, thereby aiding traders in making better trading decisions and potentially avoiding losses.
DEFAULT SETUP
Commission: 0.01%
Initial Capital: $10,000
Equity per Trade: 60%
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
TradeDots Stochastic Z-Score
Multi Time Period Box Analysis v2 [ HDBhagat ]The "Multi Time Period Chart" indicator in Pine Script is designed to overlay multiple sets of boxes on the chart, each representing price movements on different timeframes. It allows traders to visually compare price action across various timeframes simultaneously. The indicator offers flexibility by allowing users to choose between automatic mode (where timeframes are selected based on predefined rules) or manually defining custom timeframes.
Key Features:
Multi-Timeframe Analysis: The indicator enables traders to analyze price action across multiple timeframes concurrently, facilitating a comprehensive view of market dynamics.
User-Defined Timeframes: Traders can customize the timeframes for each set of boxes according to their preferences. They have the option to choose between automatic mode, which selects timeframes based on predefined rules, or manually inputting custom timeframes.
Visual Representation: Price movements are visually represented by boxes drawn on the chart, with each box indicating the price range (from high to low) within a specific timeframe. The color of the boxes indicates whether the closing price is higher or lower than the opening price.
Dynamic Updates: The indicator dynamically updates the boxes as new price data becomes available. It ensures that the visualization remains accurate and reflects the most recent market conditions.
Customizable Styling: Traders can customize the appearance of the boxes, including color, border style, and text display. This allows for personalization to suit individual preferences and improve readability.
Efficient Resource Management: The script efficiently manages computing resources by only processing data when necessary, avoiding unnecessary calculations and reducing runtime errors.
Compatibility: The script is compatible with the Pine Script language on the TradingView platform, making it accessible to a wide range of traders who use this platform for technical analysis.
Overall, the "Multi Time Period Chart" indicator provides traders with a powerful tool for conducting multi-timeframe analysis, aiding in trend identification, pattern recognition, and decision-making in the financial markets.
date & symbolHey y'all
If you are like me and you keep a record of your performance, adding date and symbol information will surely help you.
You can choose English or Spanish, and also choose between full or abbreviated date. If you want to see the day and if you want to see the symbol.
You can customize position, text size, text color, background.
Multi-Timeframe Trend TableThe "Multi-Timeframe Trend Table" indicator is a tool that consolidates a variety of critical trading metrics into a single, easy-to-read table format. This indicator is especially useful for traders who need to analyze multiple timeframes and indicators simultaneously to make informed trading decisions. By displaying a broad spectrum of data including trend information, rangebound status, volatility levels, VWAP (Volume Weighted Average Price), and specific candlestick patterns, the indicator provides a comprehensive overview of market conditions across different timeframes.
Functionality and Components
At its core, the indicator provides real-time insights into market trends by showing whether each timeframe is experiencing an upward, downward, or neutral trend based on simple moving averages. This is complemented by the "Rangebound" status, which indicates whether the price is trading within a defined range, giving insights into market consolidation periods. This can be critical for identifying breakouts or breakdowns from established ranges.
Volatility Measurement
Another key feature of the indicator is the "Volatility" column, which rates the market's volatility on a scale from 1 to 10. This feature uses the Average True Range (ATR) to assess how drastically prices are changing within a given timeframe, providing a numerical value that helps traders understand the intensity of price movements. High volatility levels (scores above 6) are highlighted, which can be crucial for strategies that prefer high volatility.
VWAP and Candlestick Patterns
The indicator also displays the VWAP, which is essential for traders who focus on volume as it shows the average price a security has traded at throughout the day, based on both volume and price. It is especially useful for traders looking to confirm trend directions or catch potential reversals. Additionally, the "Candle" column enhances the indicator's utility by identifying specific candlestick patterns like Doji, Hammer, Inverted Hammer, Bullish Engulfing, and Bearish Engulfing, which are pivotal for pinpointing momentum changes and potential entry or exit points.
Usage Strategy
Traders can utilize this indicator by setting up specific rules based on the information provided. For instance, a possible strategy could involve entering a trade when a Bullish Engulfing pattern appears in a low-volatility environment as indicated by a volatility score under 6, suggesting a potential uptrend start with limited downside risk. Similarly, a trader might consider exiting a position or taking a short position when a Bearish Engulfing pattern is identified during high volatility periods, signaling possible sharp price declines.
Adaptability and Customization
An added advantage is the indicator’s adaptability; traders can customize which columns to display based on their trading preferences and strategies. Whether focusing on trends, volatility, or candlestick patterns, users can configure the table to match their specific needs. This makes it a versatile tool suited for various trading styles and objectives, from day trading to swing trading.
Overall Utility
Overall, the "Multi-Timeframe Trend Table" indicator is an invaluable asset for traders who manage multiple instruments across different timeframes, offering a bird's-eye view of the markets in one concise table. It aids in quick decision-making by providing all necessary data points at a glance, reducing the need to switch between multiple charts and potentially missing critical market movements. By integrating trend analysis with volatility and candlestick patterns, it equips traders with a powerful synthesis of technical analysis tools to enhance their trading strategies and improve market timing.
VWAP RollingThis indicator, referred to here as "VWAP Rolling," is a technical tool designed to provide insight into the average price at which an asset has traded over a specified rolling period, along with bands that can indicate potential overbought or oversold conditions based on standard deviations from this rolling VWAP.
Purpose and Utility:
The indicator's primary purpose is to track the volume-weighted average price (VWAP) over a specified period, typically 20 bars in this script. The VWAP Rolling is particularly useful in assessing the average price level at which a security has been traded over the recent history, incorporating both price and volume data. This can help traders understand the prevailing market price in relation to trading volume.
Advantages:
1. Dynamic Average: Unlike fixed VWAP indicators that calculate over a specific session, the rolling VWAP adapts to recent price and volume changes, offering a more responsive and dynamic average.
2. Volume Sensitivity: By weighting prices by volume, the rolling VWAP gives more importance to periods with higher trading activity, providing a clearer picture of where significant trading has occurred.
3. Standard Deviation Bands: The inclusion of standard deviation bands (configurable as 1x and 2x deviations in this script) around the rolling VWAP adds a layer of analytical depth. These bands can serve as potential areas of support and resistance, highlighting deviations from the mean price.
Singularization and Interpretation:
The VWAP Rolling indicator is singularized by its ability to adapt to changing market conditions, offering a dynamic representation of the average price level influenced by volume. To use and interpret this indicator effectively:
• Rolling VWAP Line: The main line represents the rolling VWAP. When this line trends upwards, it suggests that recent trading has been occurring at higher prices weighted by volume, indicating potential bullish sentiment. Conversely, a downtrend in the rolling VWAP may indicate bearish sentiment.
• Standard Deviation Bands: The upper and lower bands (configurable as 1x and 2x standard deviations from the rolling VWAP) are used to identify potential overbought or oversold conditions. A price crossing above the upper band may indicate overbought conditions, signaling a potential reversal or correction downwards. Conversely, a price crossing below the lower band may suggest oversold conditions, potentially signaling a bounce or reversal upwards.
• Band Interaction: Watch for interactions between price and these bands. Repeated touches or breaches of the bands can provide clues about the strength of the prevailing trend or potential reversals.
Interpretative Insights:
• Trend Confirmation: The direction of the rolling VWAP can confirm or contradict the prevailing price trend. If the price is above the rolling VWAP and the VWAP is rising, it suggests a strong bullish sentiment. Conversely, a falling rolling VWAP with prices below might indicate a bearish trend.
• ean Reversion Signals: Extreme moves beyond the standard deviation bands may signal potential mean reversion. Traders can look for price to revert back towards the rolling VWAP after such deviations.
In summary, the VWAP Rolling indicator offers traders a flexible tool to gauge average price levels and potential deviations, incorporating both price and volume dynamics. Its adaptability and standard deviation bands provide valuable insights into market sentiment and potential trading opportunities.
Joesax Red to Green with Alert V2 Candle IndicatorThis indicator displays transitions of candles from red to green and from green to red on a chart, with the ability to set an adjustable percentage threshold. When a candle transitions from red to green and the percentage change exceeds the specified threshold, a red to green transition signal is issued. Similarly, when a candle transitions from green to red and the percentage change exceeds the specified threshold, a green to red transition signal is issued.
Parameters:
Percentage threshold %: Allows you to set the percentage threshold to determine when to consider the transition from one candle to another significant.
Description:
This indicator uses the absolute percentage change between the opening price and the closing price of a candle to determine whether the candle is red or green. When a candle transitions from red to green and the percentage change exceeds the set threshold, a red to green transition signal is issued. Similarly, when a candle transitions from green to red and the percentage change exceeds the set threshold, a green to red transition signal is issued. Alerts are triggered when such transitions occur.
This indicator helps traders identify significant directional changes on the chart, enabling them to make informed decisions during financial market analysis.
Multi Timeframe ATR IndicatorThe Average True Range (ATR) indicator is a technical analysis tool used to measure market volatility. The ATR indicator is designed to capture the degree of price movement or price volatility over a specified period of time. It does this by calculating the true range for each bar or candlestick on a chart and then taking an average of these true range values over a set period.
In the provided Pine Script code, the ATR indicator is being calculated for two different timeframes, which allows traders to compare volatility across different periods. The script includes user-defined inputs for the length of the ATR calculation and the type of smoothing (RMA or SMA) to be applied to the true range values. The 'smoothingFunc' function within the script determines whether to use the RMA (Relative Moving Average) or SMA (Simple Moving Average) based on the user's selection.
The true range for each bar is calculated as the maximum of the following three values: the difference between the current high and low, the absolute value of the difference between the current high and the previous close, and the absolute value of the difference between the current low and the previous close. This calculation is designed to ensure that gaps and limit moves are properly accounted for in the volatility measurement.
The script then uses the 'smoothingFunc' to calculate the ATR values for the two timeframes, and these values are plotted on the chart as two separate lines, allowing traders to visually assess the volatility levels.
Overall, this custom ATR indicator is a versatile tool for traders who wish to analyse market volatility and compare it across different timeframes, potentially aiding in making more informed trading decisions based on the prevailing market conditions.
Time Zone PSenseiTitle: Time Zone PS Indicator
Author: Orlando Depablos
Description:
The Time Zone PS Indicator is a tool designed to help traders visualize different trading sessions on their charts. It allows users to specify three different trading sessions: the start of the day, the London session, and the New York (NYC) session. Each session is represented by a distinct color-coded background on the chart.
Features:
Customizable Sessions: Traders can define the start time and end time for each trading session according to their preference. This flexibility enables users to tailor the indicator to their specific trading strategies session time zones.
Session Display Control: Users have the option to choose whether they want to display each trading session on the chart. This feature allows for a clutter-free charting experience, where traders can focus on the sessions relevant to their analysis.
Visual Clarity: The indicator uses distinct colors for each trading session, making it easy for traders to differentiate between different time zones. This visual clarity aids in quickly identifying key trading periods throughout the day.
How to Use:
Setting Up Sessions: Use the input options to define the start and end times for the start of the day, the London session, and the NYC session. Adjust these values based on your trading preferences and time zone.
Display Preferences: Toggle the display options to choose which trading sessions you want to visualize on the chart. This allows for a customizable charting experience tailored to your specific needs.
Interpreting the Chart: Once configured, the indicator will display color-coded backgrounds on the chart corresponding to the defined trading sessions. Interpret these visual cues to identify key trading periods and plan your trading strategies accordingly.
Originality:
The Time Zone PS Indicator adds value to the TradingView community by providing traders with a customizable tool to visualize different trading sessions. While similar indicators exist, this script offers flexibility and ease of use, enhancing the charting experience for traders across various time zones.
Use Cases:
Session-Based Analysis: Traders can use the indicator to analyze price action within specific trading sessions, such as the London or NYC session, to identify potential trading opportunities.
Time Zone Adjustment: Traders operating in different time zones can adjust the indicator settings to align with their local trading hours, ensuring accurate visualization of relevant trading sessions.
Strategy Development: The indicator can aid in the development of trading strategies that capitalize on price movements during specific trading sessions, helping traders optimize their trading performance.
Chart Visualization:
The indicator provides a clear and concise visualization of different trading sessions on the chart. Each session is represented by a color-coded background, allowing traders to quickly identify key trading periods and make informed trading decisions.
RSI TrendsThis TradingView script combines RSI trend analysis with FVG (Fair Value Gap) detection to identify potential buy and sell opportunities in financial markets. The script is customizable and provides extensive visual feedback directly on the chart, enhancing both strategic entry and exit points for traders. Raw code of FVG was taken from LuxAlgo
Features
FVG Detection: Identifies Fair Value Gaps (FVG), and provides options to display these gaps based on user settings.
RSI Trend Bars: Utilizes the Relative Strength Index (RSI) to paint bars indicating overbought and oversold conditions. This helps traders understand current market sentiment and potential reversal points.
Customizable Settings: Users can customize the timeframe, FVG types, and RSI thresholds. This flexibility allows the script to be adapted to various trading styles and timeframes.
Historical Analysis: Option to display or hide historical FVGs, helping users analyze past market behavior without cluttering the chart.
Alert System: Integrated alerts for detected buy and sell signals based on RSI conditions and the presence or absence of FVGs. This feature notifies traders of potential trading opportunities.
Trading Signals
Buy, Buy+, and Buy++ Signals: These signals are triggered based on overbought conditions without corresponding bearish FVG presence, with increasing stringency for higher tiers of buy signals.
Sell, Sell+, and Sell++ Signals: These signals are based on oversold conditions devoid of bullish FVG presence, with each subsequent plus sign indicating a higher level of confirmation required to trigger the signal.
Use Case
Ideal for traders who rely on technical analysis and are looking for an automated way to spot potential buy and sell points using both price action gaps and momentum indicators.
Customization
All input parameters are adjustable directly from the indicator's settings panel, making it easy to tailor the tool to your trading needs and preferences.
