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Indicators and strategies

Previous Week & Day High/LowPrevious Week & Day High/Low Indicator The Previous Week & Day High/Low Indicator is designed to provide traders with key support and resistance levels based on historical price data. It automatically plots the previous day's and previous week's highs and lows as horizontal lines, offering a clear visual reference for potential breakout or reversal zones. Features: Clear Visual Levels: Displays previous day's highs and lows in green and red for easy identification. Weekly Context: Plots previous week's highs and lows using distinct color-coded lines. Real-Time Updates: Adjusts to new weekly and daily highs and lows as they are confirmed. Labeled Lines: Each level is labeled directly on the chart, ensuring clarity without clutter.
Pine Script® indicator
by spystalker
TR Buy/Sell Signal PanelI scripted this with chatgpt have fun guys 📊 TR Buy/Sell Signal Panel – Smart Trade Signals with Visual Clarity The TR Buy/Sell Signal Panel is a standalone indicator inspired by the powerful Traders Reality (TR) methodology. It detects potential long and short trade setups using classic market behavior patterns such as volume spikes, EMA crossovers, and session-based timing – all visualized cleanly and statically on your chart. ✅ Key Features Buy Signals (LONG): Green PVSRA candle (strong bullish candle with momentum) EMA13 crossing above EMA50 Volume spike (current volume exceeds 20-period average × multiplier) Triggered only during London or New York trading sessions (UTC) Sell Signals (SHORT): Red PVSRA candle (strong bearish move) EMA13 crossing below EMA50 Volume spike Also restricted to active session times 📌 Visual Components Green/Red arrows on the chart indicate Buy/Sell entries A static info panel in the bottom-right corner displays all signal conditions: PVSRA active ✅ Volume Spike ✅ EMA Crossover ✅ Session Time ✅ Last Signal: 🟢 BUY / 🔴 SELL Current Direction: 🟢 LONG / 🔴 SHORT / ❌ NONE ⚙️ Fully Customizable Adjustable volume spike multiplier Optional toggle for showing/hiding short signals Extremely user-friendly layout – ideal for both beginners & experienced traders 📦 Best For: Scalpers & Intraday Traders Traders who follow the Traders Reality / Market Maker Method Anyone who values clean, rule-based trade entries Note: Works across all timeframes with sufficient volume (e.g., 5min – 4hr). Sessions are based on UTC time – adjust if needed based on your timezone or trading hours.
Pine Script® indicator
by Maiko_wilharm
Estrategia de Bitcoin con 5 Rangos de Precio# 🚀 "Bitcoin Dynamic Ranges" Strategy 🚀 ## Why will this strategy make you stand out in the market? This revolutionary Bitcoin strategy combines **five specific price ranges** with **smart capital allocation** and an **automatic profit protection system**, designed to maximize your profits while reducing risk. ### ✅ Main Features: 1. **Inverse Capital Allocation** - Higher investment at low prices, lower at high prices: - Lower ranges: 30% of your capital - Intermediate ranges: 25%, 20%, 15% - Higher ranges: only 10% of your capital 2. **Validation every 8 hours** - No need to be glued to the screen: the strategy automatically checks entry conditions three times a day. 3. **Smart Trailing Stop Loss** - Automatically protects your profits: - Triggered when the price rises $5,000 above your entry point - Dynamically adjusts as the price continues to rise - Always maintains $1,000 as a safety margin 4. **Buy at Lows** - The strategy automatically identifies when the price falls below all your ranges, allowing you to buy at the best moments. ### 🔍 How does it work? Imagine you buy Bitcoin at $50,000. When the price rises to $55,000, a stop loss is automatically triggered at $54,000. If the price continues to rise to $60,000, your stop loss is adjusted to $59,000, ensuring you capture at least $9,000 of profit, no matter what happens. ### 💰 Benefits: - **Reduce risk** - Invest less capital at higher prices - **Maximize profits** - Buy more when the price is low - **Save time** - The strategy executes automatically - **Preserves capital** - Trailing stop protects your profits - **Fully customizable** - Adjust price ranges based on your market analysis ## 📊 Apply this strategy today and take your Bitcoin trading to the next level! 📊
Pine Script® strategy
by kgonzalezb1
PowerZone Trading StrategyExplanation of the PowerZone Trading Strategy for Your Users The PowerZone Trading Strategy is an automated trading strategy that detects strong price movements (called "PowerZones") and generates signals to enter a long (buy) or short (sell) position, complete with predefined take profit and stop loss levels. Here’s how it works, step by step: 1. What is a PowerZone? A "PowerZone" (PZ) is a zone on the chart where the price has shown a significant and consistent movement over a specific number of candles (bars). There are two types: Bullish PowerZone (Bullish PZ): Occurs when the price rises consistently over several candles after an initial bearish candle. Bearish PowerZone (Bearish PZ): Occurs when the price falls consistently over several candles after an initial bullish candle. The code analyzes: A set number of candles (e.g., 5, adjustable via "Periods"). A minimum percentage move (adjustable via "Min % Move for PowerZone") to qualify as a strong zone. Whether to use the full candle range (highs and lows) or just open/close prices (toggle with "Use Full Range "). 2. How Does It Detect PowerZones? Bullish PowerZone: Looks for an initial bearish candle (close below open). Checks that the next candles (e.g., 5) are all bullish (close above open). Ensures the total price movement exceeds the minimum percentage set. Defines a range: from the high (or open) to the low of the initial candle. Bearish PowerZone: Looks for an initial bullish candle (close above open). Checks that the next candles are all bearish (close below open). Ensures the total price movement exceeds the minimum percentage. Defines a range: from the high to the low (or close) of the initial candle. These zones are drawn on the chart with lines: green or white for bullish, red or blue for bearish, depending on the color scheme ("DARK" or "BRIGHT"). 3. When Does It Enter a Trade? The strategy waits for a breakout from the PowerZone range to enter a trade: Buy (Long): When the price breaks above the high of a Bullish PowerZone. Sell (Short): When the price breaks below the low of a Bearish PowerZone. The position size is set to 100% of available equity (adjustable in the code). 4. Take Profit and Stop Loss Take Profit (TP): Calculated as a multiple (adjustable via "Take Profit Factor," default 1.5) of the PowerZone height. For example: For a buy, TP = Entry price + (PZ height × 1.5). For a sell, TP = Entry price - (PZ height × 1.5). Stop Loss (SL): Calculated as a multiple (adjustable via "Stop Loss Factor," default 1.0) of the PZ height, placed below the range for buys or above for sells. 5. Visualization on the Chart PowerZones are displayed with lines on the chart (you can hide them with "Show Bullish Channel" or "Show Bearish Channel"). An optional info panel ("Show Info Panel") displays key levels: PZ high and low, TP, and SL. You can also enable brief documentation on the chart ("Show Documentation") explaining the basic rules. 6. Alerts The code generates automatic alerts in TradingView: For a bullish breakout: "Bullish PowerZone Breakout - LONG!" For a bearish breakdown: "Bearish PowerZone Breakdown - SHORT!" 7. Customization You can tweak: The number of candles to detect a PZ ("Periods"). The minimum percentage move ("Min % Move"). Whether to use highs/lows or just open/close ("Use Full Range"). The TP and SL factors. The color scheme and what elements to display on the chart. Practical Example Imagine you set "Periods = 5" and "Min % Move = 2%": An initial bearish candle appears, followed by 5 consecutive bullish candles. The total move exceeds 2%. A Bullish PowerZone is drawn with a high and low. If the price breaks above the high, you enter a long position with a TP 1.5 times the PZ height and an SL equal to the height below. The system executes the trade and exits automatically at TP or SL. Conclusion This strategy is great for capturing strong price movements after consolidation or momentum zones. It’s automated, visual, and customizable, making it useful for both beginner and advanced traders. Try it out and adjust it to fit your trading style!
Pine Script® strategy
by tradingbauhaus
PumpC Opening Range Breakout (ORB) Stretch RangePumpC ORB Stretch The PumpC ORB Stretch is a volatility-based indicator that helps traders identify potential breakout zones by analyzing how price typically behaves around the open. This tool is inspired by concepts introduced by Toby Crabel in his well-known book “Day Trading with Short-Term Price Patterns and Opening Range Breakout.” Rather than predicting market direction, this indicator highlights areas where price is likely to expand based on recent volatility. It is designed for traders who prefer dynamic, data-driven breakout levels over static support and resistance zones. What Is the "Stretch"? In Toby Crabel’s framework, the Stretch is the average of the smaller of two price moves: The distance from the open to the high of the bar The distance from the open to the low of the bar This smaller value captures the “quiet side” of the candle and reflects recent price compression. Averaged over multiple periods (commonly 10 daily bars), it creates a baseline to assess how far price may move away from the open under typical market conditions. How the Indicator Works The PumpC ORB Stretch follows this process: Uses a higher timeframe (such as daily) to calculate the open, high, and low. For each bar, measures the smaller of the two distances: open to high or open to low. Applies a moving average to the result over a user-defined number of bars (default is 10). Multiplies the average stretch by customizable levels (e.g., 0.382, 1.0, 2.0). Plots breakout levels above and below the open of the selected timeframe. The result is a set of adaptive levels that expand or contract with market volatility. Customization Options Stretch Timeframe: Choose the timeframe used for stretch calculation (default: Daily). Stretch Length: Set the number of bars to include in the moving average. Breakout Levels: Enable or disable individual levels and define multipliers. Color Settings: Customize colors for each range level for easy visual distinction. Plot Style: Circular markers are used to reduce chart clutter and improve readability. How to Use It Use plotted levels to anticipate possible breakouts from the open. Adjust stretch length to reflect short-term or longer-term volatility trends. Combine this tool with momentum indicators, volume, or price action for confirmation. Use levels to help guide stop placement or profit targets in breakout strategies. Important Notes This script is based on an interpretation of Crabel’s concepts and is not affiliated with Crabel Capital or the original author. The indicator does not predict direction; it is a tool for context and structure. It is recommended that users test and validate this tool in a simulated environment before applying it to live trading. This indicator is intended for educational purposes only. Licensing and Attribution This script is built entirely in Pine Script v5 and follows TradingView’s open-source standards. It does not include any third-party or proprietary code. If you modify or share it, please credit the original idea and follow all TradingView script publishing rules.
Pine Script® indicator
by PumpCTrader
Nasan Risk Score & Postion Size Estimator** THE RISK SCORE AND POSITION SIZE WILL ONLY BE CALCUTAED ON DIALY TIMEFRAME NOT IN OTHER TIMEFRAMES. The typically accepted generic rule for risk management is not to risk more than 1% - 2 % of the capital in any given trade. It has its own basis however it does not take into account the stocks historic & current performance and does not consider the traders performance metrics (like win rate, profit ratio). The Nasan Risk Score & Position size calculator takes into account all the listed parameters into account and estimates a Risk %. The position size is calculated using the estimated risk % , current ATR and a dynamically adjusted ATR multiple (ATR multiple is adjusted based on true range's volatility and stocks relative performance). It follows a series of calculations: Unadjusted Nasan Risk Score = (Min Risk)^a + b* Min Risk = ( 5 year weighted avg Annual Stock Return - 5 year weighted avg Annual Bench Return) / 5 year weighted avg Annual Max ATR% Max Risk = ( 5 year weighted avg Annual Stock Return - 5 year weighted avg Annual Bench Return) / 5 year weighted avg Annual Min ATR% The min and max return is calculated based on stocks excess return in comparison to the Benchmark return and adjusted for volatility of the stock. When a stock underperforms the benchmark, the default is, it does not calculate a position size , however if we opt it to calculate it will use 1% for Min Risk% and 2% for Max Risk% but all the other calculations and scaling remain the same. Rationale: Stocks outperforming their benchmark with lower volatility (ATR%) score higher. A stock with high returns but excessive volatility gets penalized. This ensures volatility-adjusted performance is emphasized rather than absolute returns. Depending on the risk preference aggressive or conservative Aggressive Risk Scaling: a = max (m, n) and b = min (m, n) Conservative Scaling: a = min (m, n) and b = max (m, n) where n = traders win % /100 and m = 1 - (1/ (1+ profit ratio)) A default of 50% is used for win factor and 1.5 for profit ratio. Aggressive risk scaling increases exposure when the strategy's strongest factor is favorable. Conservative risk scaling ensures more stable risk levels by focusing on the weaker factor. The Unadjusted Nasan risk is score is further refined based on a tolerance factor which is based on the stocks maximum annual drawdown and the trader's maximum draw down tolerance. Tolerance = /100 The correction factor (Tolerance) adjusts the risk score based on downside risk. Here's how it works conceptually: The formula calculates how much the stock's actual drawdown exceeds your acceptable limit. If stocks maximum Annual drawdown is smaller than Trader's maximum acceptable drawdown % , this results in a positive correction factor (indicating the drawdown is within your acceptable range and increases the unadjusted score. If stocks maximum Annual drawdown exceeds Trader's maximum acceptable drawdown %, the correction factor will decrease (indicating that the downside risk is greater than what you are comfortable with, so it will adjust the risk exposure). Once the Risk Score (numerically equal to Risk %) The position size is calculated based on the current market conditions. Nasan Risk Score (Risk%) = Unadjusted Nasan Risk Score * Tolerance. Position Size = (Capital * Risk% )/ ATR-Multiplier * ATR The ATR Multiplier is dynamically adjusted based on the stocks recent relative performance and the variability of the true range itself. It would range between 1 - 3.5. The multiplier widens when conditions are not favorable decreasing the position size and increases position size when conditions are favorable. This Calculation /Estimate Does not give you a very different result than the arbitrary 1% - 2%. However it does fine tune the % based on sock performance, traders performance and tolerance level.
Pine Script® indicator
by federalTacos5392b
1
Rainbow Bands🌈 Rainbow Bands Indicator 🌈 The Rainbow Bands indicator is a dynamic tool designed to help traders identify potential trends with ease. It uses a series of 15 Exponential Moving Averages (EMAs) ranging from 9 to 51 periods to create a colorful representation of market momentum. When the EMAs align to form a rainbow 🌈, it signals a potential uptrend, while an upside-down rainbow 🌧️ suggests a possible downtrend. This intuitive visual layout helps traders quickly assess the market direction, reducing the need for multiple indicators. 📊 How It Works 📊 The Rainbow Bands indicator smooths out price fluctuations by blending shorter and longer-term EMAs. As the EMAs stack in order from short to long, they create a "rainbow" effect that is easy to spot on the chart. This method not only offers trend confirmation but also shows market strength and potential reversal points. Whether you're a scalper or swing trader, the Rainbow Bands add another layer of clarity to your trading decisions. 🚀 How To Use It 🚀 To step up your trading game, simply use the Rainbow Bands as a confirmation tool in your strategies. Look for the rainbow pattern to indicate a strong uptrend and the upside-down rainbow to highlight possible downtrends. By incorporating this indicator into your toolkit, you'll have a visual, reliable source of confirmation that can help improve your win rate. Add it to your charts and see how it elevates your trading strategy today!
Pine Script® indicator
by ftwtactical
RSI14 + EMA9 + WMA45, with price ladderSummary of Main Functions ✅ Displays RSI along with EMA and WMA: Plots the 14-period RSI, 9-period EMA, and 45-period WMA to analyze price momentum. ✅ Determines price levels corresponding to specific RSI values: Calculates and displays the price needed for RSI to reach predefined levels (e.g., 20, 30, 40, 50, 60, 70, 80). ✅ Displays price labels on the chart: Adds target price labels to make it easier to identify key price zones based on RSI. Practical Applications 🔹 Identifies potential price levels when RSI reaches key thresholds, helping predict price momentum. 🔹 Supports RSI-based trading: Traders can use this information to set buy/sell strategies at specific RSI levels. 🔹 Tracks RSI trends with EMA and WMA: EMA reacts quickly to price changes, while WMA smooths out long-term trends.
Pine Script® indicator
by dangtunglam14
1
RSI Price LadderSummary of Main Functions ✅ Converts RSI values into corresponding price levels: Helps predict how much the price needs to change to reach a specific RSI value. ✅ Displays labels and horizontal lines on the chart: Makes it easy to observe key price levels related to RSI. ✅ Provides dynamic RSI levels: RSI, EMA RSI, and WMA RSI are all plotted as target price levels. Practical Applications 🔹 Identify potential price levels when RSI reaches overbought or oversold zones. 🔹 Support RSI-based trading: Traders can place buy/sell orders based on RSI target prices. 🔹 Monitor dynamic RSI trends with EMA and WMA lines.
Pine Script® indicator
by dangtunglam14
2