Floor and Roof Indicator with SignalsFloor and Roof Indicator with Trading Signals
A comprehensive support and resistance indicator that identifies premium and discount zones with automated signal generation.
Key Features:
Dynamic Support/Resistance Zones: Calculates floor (support) and roof (resistance) levels using price action and volatility
Premium/Discount Zone Identification: Highlights areas where price may find resistance or support
Customizable Signal Frequency: Control how often signals are displayed (every Nth occurrence)
Visual Signal Table: Optional table showing the last 5 long and short signal prices
Multiple Timeframe Compatibility: Works across all timeframes
Technical Details:
Uses ATR-based calculations for dynamic zone width adjustment
Combines Bollinger Bands with highest/lowest price analysis
Smoothing options for cleaner signal generation
Fully customizable colors and display options
How to Use:
Floor Zones (Blue): Potential support areas where long positions may be considered
Roof Zones (Pink): Potential resistance areas where short positions may be considered
Signal Crosses: Visual markers when price interacts with key levels
Signal Table: Track recent signal prices for analysis
Settings:
Length: Period for calculations (default: 200)
Smooth: Smoothing factor for cleaner signals
Zone Width: Adjust the thickness of support/resistance zones
Signal Frequency: Control signal display frequency
Visual Options: Customize colors and table position
Alerts Available:
Long signal alerts when price touches discount zones
Short signal alerts when price reaches premium zones
Educational Purpose: This indicator is designed to help traders identify potential support and resistance areas. Always combine with proper risk management and additional analysis.
This description focuses on the technical aspects and educational value while avoiding any language that could be interpreted as financial advice or guaranteed profits.
Indicators and strategies
Sniper TP & SLStrong indicators combine that show Tp ans SL
An indicator that build from greece with many tries and attempts and this is the final results
The indicator plan was to adapt it in an AI (ML) brain who can make autotrades and also sending signals
This is the indicator our AI model is based on the only difrence is our AI adjust TP and SL with market needs
DONT TRUST this indicator 100% we havent add Support and Resistance yet so use them in combine to see good entries and kill the market
MENOLAK RUGI TRADING PLAN "MENOLAK RUGI TRADING PLAN"
is a customizable trading plan table designed to help Smart Money Concept (SMC) traders visualize their execution checklist directly on the chart.
With this tool, you can select multiple timeframes for analysis, define your POI (Point of Interest) entry types, entry system preferences, stop-loss parameters, target exit strategies, break-even setup conditions, and risk per trade — all displayed in a clean, organized table.
🔧 Features:
Multi-timeframe selection (D1 to M1)
Multi-select POI Entry, Entry System, and Target Exit
Customizable SL levels (10–100 pips)
BEP setup from 1R to 5R
Risk/Trade options from 0.1% to 1%
Full control over table color, font size, and position
Perfect for discretionary and rule-based traders who want to remain consistent, accountable, and structured in their trading approach.
Forex Dynamic Momentum Reversal (FDMR) - AlternativeRed and green dashed lines on the last bar represent the upper and lower volatility bands, extending from the previous bar.
Blue and orange labels on the last bar show the fast and slow EMA values.
Green triangles below bars indicate buy signals; red triangles above bars indicate sell signals.
Enable Alerts: Set up alerts in TradingView for buy/sell signals.
FVG + RSI Sweep M15FVG + RSI Sweep M15 – Smart Liquidity Trading Indicator
This indicator is designed for high-probability intraday trading, optimized for the 15-minute timeframe (M15). It combines:
Fair Value Gap (FVG) detection – reveals price imbalance zones
RSI reversal signals – identifies overbought/oversold exhaustion
Liquidity sweep logic – confirms fakeouts beyond recent highs/lows
Time filter – focuses only on high-volume London & New York sessions
When all conditions align, it generates clean Buy/Sell signals, with automatic TP and SL levels based on risk–reward logic. Ideal for traders seeking 1–2 precise trades per day with minimal noise.
YAS V1This advanced "All-in-One" indicator combines the most powerful smart money concepts (SMC), order blocks (OB), fair value gaps (FVG), support & resistance (SR), and liquidity voids, along with entry signals based on EMA and RSI filters.
💡 Key Features:
✅ Order Blocks (OB):
Highlights potential bullish and bearish order blocks to identify strong institutional zones where price might reverse.
✅ Fair Value Gaps (FVG):
Marks price gaps that indicate imbalance and possible zones for retracement or continuation.
✅ Support & Resistance (SR):
Automatically plots dynamic support and resistance levels using pivots, helping you to spot key reaction areas.
✅ Liquidity Voids:
Visualizes potential liquidity gaps or low-volume areas that can act as price magnets.
✅ Buy & Sell Signals:
Generates dynamic BUY and SELL signals based on a combination of EMA trend filters and RSI overbought/oversold levels.
✅ Fully Configurable:
Choose which features to display (OB, FVG, SR, Liquidity Voids, signals).
Adjust EMA and RSI settings to match your strategy.
Control the number of signals (reduce or increase) using a signal sensitivity filter.
⚙️ How it Works:
Trend Filter (EMA):
Price above EMA confirms a bullish environment, below EMA confirms bearish.
RSI Filter:
Signals are validated with RSI to avoid overtrading in ranging markets.
Zones & Gaps:
Institutional concepts (order blocks, gaps) help traders understand supply/demand and price inefficiencies.
🎯 Usage:
Perfect for:
Scalpers looking for intraday turning points.
Swing traders spotting high-probability levels.
Anyone interested in smart money concepts.
🚨 Alerts:
Includes built-in alerts for both BUY and SELL signals so you can react instantly without watching the screen all the time.
💬 Note:
This is a beta version designed to be improved with community feedback. Use it as a guide, and always confirm signals with your own analysis and risk management.
🔥 Ready to take your trading to the next level? Add this indicator to your chart, customize the settings, and start seeing the market like smart money!
Convergence [by Oberlunar]
The Convergence Indicator by Oberlunar is a multi-timeframe analysis tool that identifies and visualizes trend convergence across up to 10 configurable timeframes using advanced customizable moving averages, including Hull, OberX (a Hull mod), THMA, EMA, and SMA, with an optional pseudo-Hilbert Transform.
It provides a clear visual overlay through gradual fill areas that highlight bullish and bearish trends while offering a fully configurable dynamic table to monitor live trend states across all selected timeframes with user-defined colors and positioning.
This tool is designed for traders who seek to pinpoint multi-timeframe convergence points to enhance their decision-making process in trend-following and breakout strategies.
Oberlunar 👁️⭐
High/Low de la Bougie Daily d'Hier🧩 General Description
This indicator plots two horizontal lines on your chart every day:
One line at the High of yesterday’s daily candle
One line at the Low of yesterday’s daily candle
It is designed to help you quickly identify key market levels based on the previous day’s range — often used as:
Support/resistance zones
Breakout or rejection areas
Reference points for intraday strategies (e.g. New York session trading)
⚙️ How It Works
The indicator uses request.security to fetch data from the daily timeframe, regardless of the chart timeframe you're trading on (e.g. M15, H1).
It captures the high and low from yesterday’s daily candle.
These levels are displayed on your current chart using horizontal lines extended to the right, which automatically update every day.
🎨 Visual Style
High of yesterday: green, dashed line
Low of yesterday: red, dashed line
Lines are refreshed on every new bar to stay clean and updated
Fair Value Gap [Custom]📌 FVG Indicator – Smart Money Concepts Tool
This script is based on Smart Money Concepts (SMC) and automatically detects and marks Fair Value Gaps (FVG) on the chart, helping traders identify unbalanced price areas left behind by institutional moves.
🧠 What is an FVG?
An FVG (Fair Value Gap) is the price gap formed when the market moves rapidly, leaving behind a candle range where no trading occurred — typically between Candle 1’s high and Candle 3’s low (in a three-candle pattern). These gaps often signal imbalance, created during structural breaks or liquidity grabs, and may act as retrace zones or entry points.
🛠 Features:
✅ Automatically detects and highlights FVG zones (high-low range)
✅ Differentiates between open (unfilled) and closed (filled) FVGs
✅ Adjustable timeframe settings (works best on 1H–4H charts)
✅ Option to toggle display of filled FVGs
✅ Great for identifying pullback entries, continuation zones, or reversal setups
💡 Recommended Use:
After BOS/CHoCH, watch for price to return to the FVG for entry
Combine with Order Blocks and liquidity zones for higher accuracy
Best used as part of an ICT or SMC-based trading system
Relative StrengthDescription:
This indicator provides a simplified yet powerful method for measuring a stock's momentum based on its proximity to its recent high. It is a direct implementation of a trading concept discussed in a lecture from the New York Institute of Finance.
Core Concept
The underlying theory, supported by academic research, is that a stock making a new high is one of the most bullish signals possible. Such stocks have a statistical tendency to continue making new highs in the near term.
Instead of requiring complex relative strength calculations against a universe of stocks, this indicator uses a simple and elegant ratio to act as a proxy for momentum:
Indicator Value = Current Close / Highest High of Lookback Period
A value approaching 1.0 indicates the stock is strong and nearing a new high. A value at 1.0 means a new high has just been made.
How to Use This Indicator
The indicator consists of two primary components:
RS Line (Teal): The core momentum calculation (Close / High).
Signal MA (Orange): A moving average of the NHRS Line, which acts as the trigger for signals.
The signals are generated based on the crossover between these two lines:
BUY Signal: When the RS Line crosses ABOVE its moving average. This suggests that short-term momentum is accelerating and a new uptrend may be starting. The background will turn green.
SELL Signal: When the RS Line crosses BELOW its moving average. This indicates that momentum is fading and it may be prudent to exit the position to avoid a decline. The background will turn red.
Indicator Settings
You can customize the indicator to fit your trading style and the timeframe you are analyzing:
High Lookback Period: Choose the period for the "Highest High" calculation. Options range from 1 Month to 12 Months (52 weeks), allowing you to measure short-term or long-term strength.
Moving Average Length: Adjust the length of the signal line's moving average. The lecturer defaults to 26 weeks for a six-month view.
Moving Average Type: Select the type of moving average for the signal line (SMA, EMA, WMA, HMA).
Credits and Inspiration
Proper credit is essential. This script is a practical application of a concept that builds upon foundational academic work.
The core idea that a stock's proximity to its 52-week high is an investable anomaly was detailed in the 2004 Journal of Finance paper:
"The 52 Week High and Momentum Investing" by Thomas J. George and Chuan-Yang Hwang.
The lecturer's contribution, which this script implements, was to simplify this concept into an actionable trading tool by applying a moving average crossover to generate clear and objective buy and sell signals.
Disclaimer: This tool is for educational and informational purposes only. It is not financial advice. All trading involves risk, and you should always perform your own research and backtesting before making any trading decisions.
YAS GROUPFOR ALL YAS GROUP MEMBERS
🔥 مؤشر متكامل يجمع بين عدة تقنيات احترافية لتحديد أفضل مناطق الدخول والخروج بدقة عالية:
✅ مناطق الـ Order Blocks القوية (15m, 1H, 4H)
✅ نسب الفيبوناتشي داخل الـ OB لتأكيد نقاط الانعكاس
✅ إشارات شراء وبيع دقيقة مع إمكانية تفعيل فلتر RSI و EMA/SMA
✅ خطوط دعم ومقاومة ديناميكية مبنية على آخر Pivot Highs & Lows
✅ مناسب للسكالبينج، التداول اليومي، وحتى الصفقات المتوسطة والطويلة
🎯 يمكنك التحكم في شروط الفلاتر وتخصيص الفريمات التي تهمك بسهولة من الإعدادات.
💡 هدف المؤشر: مساعدة المتداول في اتخاذ قرارات مدروسة ومبنية على مناطق سيولة وتجمع أوامر حقيقية، وليس فقط إشارات عشوائية.
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⚠️ ملاحظة:
- لا يعتبر هذا المؤشر نصيحة مالية مباشرة.
- يفضل استخدامه مع إدارة رأس المال ومراعاة الأخبار والتحليل الأساسي.
🔔 لا تنسَ تفعيل التنبيهات للإشارات المهمة!
🔥 A complete all-in-one indicator combining multiple professional techniques to accurately detect the best entry and exit zones:
✅ Strong Order Blocks zones (15m, 1H, 4H)
✅ Fibonacci levels inside OBs to confirm reversal points
✅ Highly precise Buy/Sell signals with optional RSI and EMA/SMA filters
✅ Dynamic Support & Resistance lines based on latest pivot highs & lows
✅ Perfect for scalping, day trading, and swing trading
🎯 Easily customize filters and timeframes directly from the settings.
💡 Goal: Help traders make more confident, well-informed decisions based on real liquidity and order flow zones rather than random signals.
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⚠️ Disclaimer:
- This indicator is not financial advice.
- Always combine it with proper risk management, fundamental analysis, and market context.
🔔 Don’t forget to set alerts to stay on top of key signals!
مع تحيات محمد الابرزي وقروب ابو سلطان
Vùng đỉnh đáy chính + Bob Volman (Dữ liệu H1)This indicator combines two powerful components into one tool designed for traders who rely on multi-timeframe structure and price action:
🔹 1. H1 Break-Based Swing Zone Detection
Identifies key swing highs and lows based on H1 "break candle" logic — where a candle closes beyond the wick of the previous candle.
When a previous high or low is broken, a new range is drawn and trend context is updated:
🟢 Uptrend = price breaks above key high → green range
🔴 Downtrend = price breaks below key low → red range
⚪ Neutral = no new break → white range
Key swing points are marked with minimal dot labels on the chart for quick structure recognition.
🔹 2. Bob Volman-Style EMAs & Engulfing Signals (from H1)
Applies EMA 15, 21, and 35 from the H1 timeframe to reflect market bias and volatility.
Highlights the area between EMA 15 and EMA 35 with a colored fill to visualize momentum:
Green = bullish bias
Red = bearish bias
Detects classic Bullish and Bearish Engulfing Candles on H1 and marks them with arrows:
🔽 Red arrow = bearish engulfing
🔼 Green arrow = bullish engulfing
Lum3n Trend CloudLum3n Trend Cloud
The Lum3n Trend Cloud is a lightweight, easy-to-read trend indicator that helps traders quickly identify bullish, bearish, or neutral conditions using two customizable EMAs (Exponential Moving Averages).
How It Works:
The indicator uses a short-term EMA and a long-term EMA to determine trend direction.
A bullish trend is confirmed when:
Price is above both EMAs
The short-term EMA is above the long-term EMA
A bearish trend is confirmed when:
Price is below both EMAs
The short-term EMA is below the long-term EMA
All other cases are considered neutral or consolidating.
Visual Features:
Candle Color:
🟢 Lime = Bullish
🔴 Red = Bearish
🟠 Orange = Neutral
Trend Cloud Fill:
A color-coded band fills the space between the EMAs:
Green when bullish
Red when bearish
Orange when neutral
EMAs:
Green = Short-term EMA
Red = Long-term EMA
How to Use It:
Use trend direction for trade confirmation or directional bias.
Combine with price action, support/resistance, or volume for entries.
Neutral zones may signal consolidation, transitions, or chop — avoid overtrading here.
Inputs:
Short-Term EMA Length (default: 8)
Long-Term EMA Length (default: 21)
Vùng đỉnh đáy chính theo phá vỡ (dùng line)Indicator Name:
🔺 Key Swing Zones Based on Breakouts (Line-Based)
Short Description:
This indicator automatically detects and visualizes key swing highs and lows based on the principle of candle close breaking the wick of the previous candle, then classifies the current market trend as uptrend, downtrend, or neutral. It draws horizontal lines representing key zones and adds visual labels to help traders analyze market structure more clearly.
How It Works:
🔹 Reversal Signal Logic:
In an uptrend, if a candle closes below the previous candle's low, it marks a swing low.
In a downtrend, if a candle closes above the previous candle's high, it marks a swing high.
🔹 Structure Break Detection:
Price breaking above a key high → confirms an uptrend.
Price breaking below a key low → confirms a downtrend.
If price breaks a zone but doesn't form a new high/low → switches to neutral.
🔹 Visual Display:
Draws two horizontal lines: one at the key high, one at the key low.
Adds labels "Key High" or "Key Low" at the breakout points.
Zone color representation:
🟢 Green = Uptrend
🔴 Red = Downtrend
⚪ White = Neutral
Relative Strength Suite [BLC]📊 Relative Strength Suite
A powerful, all-in-one relative strength toolkit for traders and analysts. Whether you're a trend follower, momentum trader, or sector rotator, this script gives you the flexibility to analyze and screen assets using three distinct RS methodologies—all in one clean interface.
🔍 What It Does
Flexible Relative Strength allows you to compare any asset to a benchmark (like SP:SPX , NASDAQ:QQQ , AMEX:IWM , etc.) using one of four modes:
📈 Relative Strength – Classic price ratio comparison
📘 Dorsey Relative Strength – Smoothed trend-based RS using EMA
📒 Mansfield Relative Strength – Momentum-based RS normalized to its own average
🧮 Screener Mode – Load Indicator into Pine Screener to see all 3 values.
🛠️ Key Features & Settings
🧩 Relative Strength
Comparison Symbol: Select the ticker you want to use as a benchmark.
Highlights new highs/lows in Relative Strength with dynamic line coloring:
🟢 Green = New high (outperformance)
🔴 Red = New low (underperformance)
Optional moving average overlay (SMA, EMA, WMA, HMA) for trend smoothing.
✅ Use Case: Identify when a stock is gaining strength relative to the market or sector.
📘 2. Dorsey RS (Smoothed Trend)
Uses an EMA of the RS ratio to smooth out noise.
Rising Dorsey RS = consistent outperformance.
Falling Dorsey RS = consistent underperformance.
✅ Use Case: Spot long-term relative trends regardless of price volatility.
📒 3. Mansfield RS (Performance Momentum)
Compares RS ratio to its own long-term SMA (default 200).
Values above 0 = outperforming the benchmark.
Values below 0 = underperforming.
✅ Use Case: Ideal for momentum traders and Stan Weinstein-style stage analysis.
🧮 4. Screener Mode
Not for use on your chart. This is only to use in TradingView's Pine Screener.
Displays all three RS lines simultaneously.
Includes all 3 modes to act as screener signals
🛠️How to Use Screener Mode
Add this indicator to your favorites list.
Open Pine Screener and select this indicator.
Select your timeframe.
Click Settings & Change Strength Type to Screener > Click Apply
Hit Scan!
New High Low Signal: Finds stocks making a new RS high (1) or low (-1) over your lookback period.
Dorsey Trend Signal: Finds stocks where the smoothed RS trend is rising (1) or falling (-1).
Mansfield Zone Signal: Finds stocks where momentum is in the positive zone (1) or negative zone (-1)
✅ Use Case: Quickly scan multiple assets for relative strength breakouts, trend shifts, or momentum zones.
🧪 Pro Tip
Combine this indicator with volume, price structure, or moving averages to confirm breakouts and trend strength. Use Screener Mode on a watchlist to identify top RS candidates in seconds.
To clean up your screener table, click the column settings icon ( ⋮ ) and uncheck any columns you don't need to see. You can still filter by them even if they are hidden.
📝 Credits & Notes
Inspired by classic RS methods (including Dorsey and Mansfield).
Final, production-ready version with tooltips, labels, and screener outputs.
For educational and informational purposes—always test before live trading!
Let me know if you see any bugs, miscalculations, or any features you'd like to see added to it!
5 EMA STRATEGY by Power of Stocks(StockYogi)5 EMA STRATEGY by Power of Stocks(StockYogi)
This is a 5 EMA Breakout Strategy inspired by the trading principles taught by Shubhashi Pani, founder of the Power of Stocks (POS) community.
The strategy is designed to:
• Detect breakout setups when price breaks the high/low of a signal candle (based on EMA conditions)
• Enter trades only if the breakout occurs within the next 3 candles
• Allow multiple trades in the same direction without closing the earlier one
• Use independent stop-loss (SL) and take-profit (TP) targets for each trade based on a user-defined risk-reward ratio
• Optionally enter trades only at candle close
• Optionally avoid trades during a custom time window (e.g., 3:00 PM to 3:30 PM IST)
• Optionally close all open positions at a defined time (e.g., 3:30 PM IST)
The goal of this strategy is to provide greater flexibility and realism for intraday or short-term traders following structured breakout systems.
Disclaimer: This script is an implementation of technical ideas for educational purposes only. It is not financial advice. All trading involves risk, and past performance does not guarantee future results.
Strategy Credits:
This strategy is based on publicly known breakout rules taught by Shubhashi Pani (Power of Stocks). This is not an official POS script, and I am not affiliated with the Power of Stocks team. This implementation was developed independently to follow the logic shared for educational use.
Feel free to use, backtest, and modify according to your needs. Constructive feedback is welcome!
YAS GROUP✅ يحدد لك مناطق الـ Order Blocks القوية (على فريمات 15 دقيقة، 1 ساعة، و4 ساعات).
✅ حاطين فيبو داخل الـ OB عشان تأكد نقاط الارتداد بدقة.
✅ يعطيك إشارات شراء وبيع أدق من الصقر، وتقدر تشغل أو تطفي فلاتر الـ RSI والـ EMA/SMA حسب راحتك.
✅ بعد، فيه خطوط دعم ومقاومة ديناميكية، شغّالة ع آخر Pivot Highs & Lows.
✅ ينفع حق السكالبينج، التداول اليومي، وحتى الصفقات الطويلة.
🎯 من الإعدادات، تقدر تتحكم في الفلاتر والفريمات اللي تباها.
⚠️ ترى هالمؤشر مش نصيحة مالية مباشرة، دايم خلك حذر، وطبّق إدارة رأس مالك عدل.
🔔 ولاتنسى تحط التنبيهات، عشان توصلك الإشارات وأنت مرتاح.
بالتوفيق ، ورزقك إن شاء الله فوووق!
Hey brother, this indicator is fully loaded and super accurate! 🙌🔥
✅ Detects strong Order Blocks (15m, 1H, 4H).
✅ Adds Fibonacci levels inside OBs to confirm precise reversal points.
✅ Gives you super sharp Buy & Sell signals, with optional RSI and EMA/SMA filters you can toggle on/off.
✅ Also has dynamic Support & Resistance lines, based on the latest pivot highs & lows.
✅ Suitable for scalping, day trading, and swing trading.
🎯 You can easily customize filters and select the timeframes you want from the settings.
⚠️ Note: This is not financial advice — always use proper risk management and stay cautious.
🔔 Don't forget to set alerts so you never miss an opportunity.
Good luck and smash those profits! 🚀🔥
مع تحيات قروب ابو سلطان
Volumetric Compressed MAVCMA uses the compressor and weighted stdev functions originally translated to pine by @gorx1. Compressor is usually used in audio to avoid clipping of certain frequencies. The original idea is actually pretty simple:
ma(simple string smt, float src, simple int len) =>
switch smt
'RMA' => ta.rma(src, len)
'SMA' => ta.sma(src, len)
'EMA' => ta.ema(src, len)
'WMA' => ta.wma(src, len)
'HMA' => ta.hma(src, len)
'LSMA' => ta.linreg(src, len, 0)
=> na
compressor(float in_1, simple int len, simple int thresh_dn_m, simple int thresh_up_m) =>
data = math.log(math.abs(in_1))
loc = ta.wma(data, len)
dev = wstdev(data, len)
thresh_dn = loc + dev * thresh_dn_m
thresh_up = loc + dev * thresh_up_m
math.exp(math.min(math.max(data, thresh_up), thresh_dn)) - math.exp(thresh_up)
compressed_out = compressor(volume, len_window, up_thresh, down_thresh)
comp_ma = ma(ma_type, close * compressed_out, len_ml) / ma(ma_type, compressed_out, len_ml)
vwma = ma(ma_type, close, len_window)
We get the ratio of the compressed volume calculation and plot it with the base MA. Base MA's length is determined by window size input compared to ML length that is used for compressed version.
This provides us another possible confirmation indicator that can be used to take advantage of volume ranges. Autmated crossover alerts are also added. A reminder is that this kind of indicators should not be used on it's own for trading but rather should be used as a confirmation along with your trend detection and main entry indicators to provide additional confluence.
trade bang mongIndicator Name:
🔺 Key Swing Zones Based on Breakouts (Line-Based)
Short Description:
This indicator automatically detects and visualizes key swing highs and lows based on the principle of candle close breaking the wick of the previous candle, then classifies the current market trend as uptrend, downtrend, or neutral. It draws horizontal lines representing key zones and adds visual labels to help traders analyze market structure more clearly.
Auto-AVWAP from Recent High/Low + MidlineAutomatically takes AVWAP from recent high/lows and helps in trading
Retracement Bar🔍 Retracement Bar – RB
The Retracement Bar (RB) indicator is designed to highlight potential reversal zones by identifying candles where price shows a clear rejection from the extremes. It helps traders spot moments where institutional inventory rebalancing may be occurring — often a precursor to a strong move in the opposite direction.
RB highlights bars that:
Have a relatively small real body compared to the total candle range.
Show a long wick (upper or lower) that exceeds a user-defined percentage of the candle range.
Suggest a potential rejection of price — upward or downward — based on candle structure.
When these conditions are met, a triangle symbol is plotted:
🔻 Red triangle above a candle suggests a possible short opportunity.
🔺 Green triangle below a candle suggests a possible long opportunity.
This indicator does not repaint and triggers only at candle close.
📈 Example – Long Entry
Signal: A green triangle appears below a candle (suggesting rejection of lower prices).
Steps:
Wait for the current RB candle to close.
On the next candle:
Enter long if price breaks above the high of the RB candle.
Alternatively, wait for a pullback and enter based on confirmation (e.g., bullish engulfing, hammer, trendline bounce).
Place a stop-loss just below the low of the RB candle.
Set a target:
Based on a 2:1 risk-reward ratio.
Or use the next resistance/Fibonacci level.
📉 Example – Short Entry
Signal: A red triangle appears above a candle (suggesting rejection of higher prices).
Steps:
Wait for the current RB candle to close.
On the next candle:
Enter short if price breaks below the low of the RB candle.
Or wait for confirmation (e.g., bearish engulfing, shooting star, breakdown from a level).
Place a stop-loss just above the high of the RB candle.
Set a target:
2:1 risk-reward ratio.
Or the next support/Fibonacci zone.
✅ Recommended Filters for Better Results:
Confluence with support/resistance zones.
Trend alignment or reversal context.
Additional confirmation from price action patterns or oscillators.
Volume analysis for entry strength.
🙏 Acknowledgment
Special thanks to Rob Hoffman for inspiring this concept through his original Inventory Retracement Bar (IRB) idea — this indicator is a reinterpretation meant to visually and practically support discretionary price action traders.
Option Maxpain & WallsThis simple script plots three lines on your chart based on options data: Call Wall, Put Wall and Max Pain. These three numbers must be obtained elsewhere. While Tradingview has delayed options data, to my knowledge Pinescript does not allow looping through this data to calculate the numbers within the script. So the user must obtain or calculate them elsewhere then type them into the input dialog. Labels and alerts are included as user options.
BTC Breakout Bot (TP/SL + Alerts)📈 BTC Breakout Bot (TP/SL + Alerts)
This strategy is designed for Bitcoin (BTC/USDT) on breakout trades. It detects price breakouts using recent highs and lows, and automatically handles:
✅ Long and short entries
✅ Take Profit and Stop Loss levels
✅ Built-in alert system (compatible with Telegram/webhook)
✅ Customizable lookback, TP, and SL settings
Strategy logic:
Enters a long position when price breaks above the highest high of the last N candles.
Enters a short position when price breaks below the lowest low of the last N candles.
Each trade includes a dynamic Take Profit and Stop Loss based on a % of entry price.
Alerts are triggered for every breakout trade (long or short).
Parameters:
Breakout Lookback: Number of candles to check for breakouts (default: 20)
Take Profit (%): TP level based on percentage from entry (default: 5%)
Stop Loss (%): SL level based on percentage from entry (default: 2%)
