Nef33 Forex & Crypto Trading Signals PRO
1. Understanding the Indicator's Context
The indicator generates signals based on confluence (trend, volume, key zones, etc.), but it does not include predefined SL or TP levels. To establish them, we must:
Use dynamic or static support/resistance levels already present in the script.
Incorporate volatility (such as ATR) to adjust the levels based on market conditions.
Define a risk/reward ratio (e.g., 1:2).
2. Options for Determining SL and TP
Below, I provide several ideas based on the tools available in the script:
Stop Loss (SL)
The SL should protect you from adverse movements. You can base it on:
ATR (Volatility): Use the smoothed ATR (atr_smooth) multiplied by a factor (e.g., 1.5 or 2) to set a dynamic SL.
Buy: SL = Entry Price - (atr_smooth * atr_mult).
Sell: SL = Entry Price + (atr_smooth * atr_mult).
Key Zones: Place the SL below a support (for buys) or above a resistance (for sells), using Order Blocks, Fair Value Gaps, or Liquidity Zones.
Buy: SL below the nearest ob_lows or fvg_lows.
Sell: SL above the nearest ob_highs or fvg_highs.
VWAP: Use the daily VWAP (vwap_day) as a critical level.
Buy: SL below vwap_day.
Sell: SL above vwap_day.
Take Profit (TP)
The TP should maximize profits. You can base it on:
Risk/Reward Ratio: Multiply the SL distance by a factor (e.g., 2 or 3).
Buy: TP = Entry Price + (SL Distance * 2).
Sell: TP = Entry Price - (SL Distance * 2).
Key Zones: Target the next resistance (for buys) or support (for sells).
Buy: TP at the next ob_highs, fvg_highs, or liq_zone_high.
Sell: TP at the next ob_lows, fvg_lows, or liq_zone_low.
Ichimoku: Use the cloud levels (Senkou Span A/B) as targets.
Buy: TP at senkou_span_a or senkou_span_b (whichever is higher).
Sell: TP at senkou_span_a or senkou_span_b (whichever is lower).
3. Practical Implementation
Since the script does not automatically draw SL/TP, you can:
Calculate them manually: Observe the chart and use the levels mentioned.
Modify the code: Add SL/TP as labels (label.new) at the moment of the signal.
Here’s an example of how to modify the code to display SL and TP based on ATR with a 1:2 risk/reward ratio:
Modified Code (Signals Section)
Find the lines where the signals (trade_buy and trade_sell) are generated and add the following:
pinescript
// Calculate SL and TP based on ATR
atr_sl_mult = 1.5 // Multiplier for SL
atr_tp_mult = 3.0 // Multiplier for TP (1:2 ratio)
sl_distance = atr_smooth * atr_sl_mult
tp_distance = atr_smooth * atr_tp_mult
if trade_buy
entry_price = close
sl_price = entry_price - sl_distance
tp_price = entry_price + tp_distance
label.new(bar_index, low, "Buy: " + str.tostring(math.round(bull_conditions, 1)), color=color.green, textcolor=color.white, style=label.style_label_up, size=size.tiny)
label.new(bar_index, sl_price, "SL: " + str.tostring(math.round(sl_price, 2)), color=color.red, textcolor=color.white, style=label.style_label_down, size=size.tiny)
label.new(bar_index, tp_price, "TP: " + str.tostring(math.round(tp_price, 2)), color=color.blue, textcolor=color.white, style=label.style_label_up, size=size.tiny)
if trade_sell
entry_price = close
sl_price = entry_price + sl_distance
tp_price = entry_price - tp_distance
label.new(bar_index, high, "Sell: " + str.tostring(math.round(bear_conditions, 1)), color=color.red, textcolor=color.white, style=label.style_label_down, size=size.tiny)
label.new(bar_index, sl_price, "SL: " + str.tostring(math.round(sl_price, 2)), color=color.red, textcolor=color.white, style=label.style_label_up, size=size.tiny)
label.new(bar_index, tp_price, "TP: " + str.tostring(math.round(tp_price, 2)), color=color.blue, textcolor=color.white, style=label.style_label_down, size=size.tiny)
Code Explanation
SL: Calculated by subtracting/adding sl_distance to the entry price (close) depending on whether it’s a buy or sell.
TP: Calculated with a double distance (tp_distance) for a 1:2 risk/reward ratio.
Visualization: Labels are added to the chart to display SL (red) and TP (blue).
4. Practical Strategy Without Modifying the Code
If you don’t want to modify the script, follow these steps manually:
Entry: Take the trade_buy or trade_sell signal.
SL: Check the smoothed ATR (atr_smooth) on the chart or calculate a fixed level (e.g., 1.5 times the ATR). Also, review nearby key zones (OB, FVG, VWAP).
TP: Define a target based on the next key zone or multiply the SL distance by 2 or 3.
Example:
Buy at 100, ATR = 2.
SL = 100 - (2 * 1.5) = 97.
TP = 100 + (2 * 3) = 106.
5. Recommendations
Test in Demo: Apply this logic in a demo account to adjust the multipliers (atr_sl_mult, atr_tp_mult) based on the market (forex or crypto).
Combine with Zones: If the ATR-based SL is too wide, use the nearest OB or FVG as a reference.
Risk/Reward Ratio: Adjust the TP based on your tolerance (1:1, 1:2, 1:3)
Indicators and strategies
Support & Resistance with RSI BreakoutsThe script is a TradingView Pine Script (v5) indicator that identifies support and resistance levels using RSI (Relative Strength Index) breakouts. Here’s a breakdown of what it does:
Features:
RSI Calculation:
The script calculates the 14-period RSI (default) using the closing price.
The user can modify the RSI period through an input setting.
Buy and Sell Signals:
A buy signal is triggered when RSI drops below 20 (indicating oversold conditions).
A sell signal is triggered when RSI rises above 80 (indicating overbought conditions).
Visual Representation:
Buy signals are marked with a green upward arrow (↑) below the price bars.
Sell signals are marked with a red downward arrow (↓) above the price bars.
The arrows help traders easily spot potential trade opportunities.
Usage:
This script is useful for traders looking to buy at oversold conditions and sell at overbought conditions based on RSI.
It works best when combined with other indicators or price action strategies to confirm signals.
5-Min ORB with Volume SpikeThis indicator identifies Opening Range Breakouts (ORB) based on the high and low of the first 5 minutes of the trading day and confirms the breakout with a volume spike.
🔍 What It Does:
Automatically captures the Opening Range High and Low from 9:30 AM to 9:35 AM (configurable).
Plots green (high) and red (low) lines across the chart once the opening range is set.
Highlights long breakout signals when price breaks above the OR High with above-average volume.
Highlights short breakout signals when price breaks below the OR Low with above-average volume.
Volume confirmation is based on a customizable 20-period simple moving average (SMA) of volume.
⚙️ Best Used On:
5-minute or lower intraday charts (e.g., SPY, QQQ, futures, etc.)
Highly liquid, high-volatility instruments
U.S. equity market open (customizable for other sessions)
📈 Trading Edge: This strategy helps traders identify strong, momentum-driven breakouts early in the trading session — especially when confirmed by increased institutional activity (volume spike).
Combined Support & Resistance IndicatorsPivot Points Calculation:
The script calculates the Pivot Point as the average of the high price (high), low price (low), and closing price (close) of the current bar.
The Pivot Point is plotted on the chart as a red line.
Support and Resistance Levels:
The Support Level is calculated as the lowest price over the last lookback bars.
The Resistance Level is calculated as the highest price over the last lookback bars.
These levels are displayed on the chart using horizontal lines: green for support and red for resistance.
Momentum Indicators:
RSI (Relative Strength Index): A momentum oscillator calculated based on the closing price over the last 14 bars. It is plotted as a yellow line.
MACD (Moving Average Convergence Divergence): An indicator consisting of the MACD line (blue) and the signal line (orange). It is calculated based on the closing price.
Moving Averages:
SMA 20: A simple moving average over the last 20 bars. It is plotted as a green line.
SMA 50: A simple moving average over the last 50 bars. It is plotted as a red line.
Dynamic Levels Drawing:
Instead of using hline (which does not support dynamic values), the script uses line.new to draw dynamic support and resistance levels. These lines are updated on each bar.
Power Balance Bull&Bear - CoffeeKillerPower Balance Bull&Bear - CoffeeKiller Indicator Guide
Welcome traders! This guide will walk you through the Power Balance Bull&Bear indicator, a unique and powerful market analysis tool developed by CoffeeKiller that visualizes the ongoing battle between buyers and sellers in any market.
Core Concept: Buyers vs. Sellers
The foundation of this indicator rests on a simple yet profound concept: every price movement in the market represents a battle between buyers and sellers.
Positive Green Line: Buyer Power
- Represents cumulative buying pressure in the market
- Tracks positive directional movement over a specified period
- Rising positive line indicates increasing buying momentum
- Peaks in the positive line show moments of maximum buyer dominance
Negative Red Line: Seller Power
- Represents cumulative selling pressure in the market
- Tracks negative directional movement over a specified period
- Falling negative line indicates increasing selling momentum
- Troughs in the negative line show moments of maximum seller dominance
Master Line: Market Balance
- Calculated as the difference between positive and negative movements
- Above zero: buyers are in control
- Below zero: sellers are in control
- Peaks and troughs: moments of extreme buyer or seller dominance
Core Components
1. Directional Movement Analysis
- Cumulative measurement of price changes in both directions
- Normalization for consistent visualization
- Optional smoothing for clearer signals
- Custom box size for sensitivity control
2. Distance Measurement
- Calculation of separation between buyer and seller lines
- Convergence and divergence thresholds
- Dynamic fill coloring based on distance trends
- Distance trend visualization
3. Peak Detection System
- Identification of local maxima and minima in buyer/seller dominance
- Background highlighting of significant peaks
- Zero-line cross detection for trend changes
- Visual cues for market extremes
4. Trend Analysis
- Buyer/seller line crossovers for major trend signals
- Distance trending for momentum confirmation
- Status monitoring (Near, Far, Normal)
- Direction tracking for both buyer and seller lines
Main Features
Time Resolution Settings
- Normal mode: calculations based on chart timeframe
- Custom resolution mode: calculations based on specified timeframe
- Multi-timeframe analysis capabilities
- Flexible time projection options
Visual Elements
- Color-coded buyer and seller lines
- Dynamic fill coloring based on convergence/divergence
- Background highlighting for significant peaks
- Distance line with threshold markers
Signal Generation
- Buyer/seller crossover alerts
- Convergence/divergence notifications
- Peak detection signals
- Status change alerts
Analysis Table(I personally don't use the table it was coded to take longer signals to show strength or weakness in overall trend)
- Current distance measurement
- Distance trend indication
- Status monitoring (Near, Far, Normal)
- Buyer and seller line trend tracking
Trading Applications
1. Trend Identification
- Buyer line crossing above seller line: bullish trend beginning
- Seller line crossing above buyer line: bearish trend beginning
- Distance between lines: trend strength
- Distance trending: momentum confirmation
2. Reversal Detection
- Peak formation after extended trend: potential exhaustion
- Buyer/seller line convergence: decreasing trend strength
- Distance falling below convergence threshold: potential trend change
- Background highlighting: visual cue for significant peaks
3. Momentum Analysis
- Increasing distance: accelerating trend
- Decreasing distance: decelerating trend
- Distance above divergence threshold: strong momentum
- Distance below convergence threshold: weak momentum
4. Market Balance Assessment
- Buyer line trend: indicates strength/weakness of bulls
- Seller line trend: indicates strength/weakness of bears
- Master line position relative to zero: overall market bias
- Distance between lines: consensus or disagreement in the market
Optimization Guide
1. Period Settings
- Longer period: smoother signals, less noise, fewer false signals
- Shorter period: more responsive, captures minor moves, potentially more noise
- Default (20): balanced approach for most timeframes
2. Box Size Parameter
- Smaller box size: more sensitive to price changes
- Larger box size: less sensitive, focuses on major moves
- Default (0.001): calibrated for typical price ranges
3. Distance Thresholds
- Convergence threshold: determines when lines are considered "near"
- Divergence threshold: determines when lines are considered "far"
- Adjusting these based on volatility of the instrument
4. Color Customization
- Positive Green line: representing buyer strength
- Negative Red line: representing seller strength
- Diverging fill: when the gap between buyers and sellers is increasing
- Converging fill: when buyers and sellers are moving closer together
Best Practices
1. Signal Confirmation
- Wait for buyer/seller crossovers to confirm
- Look for background highlighting at peaks
- Check distance trends for momentum confirmation
- Use the analysis table for additional context
2. Timeframe Selection
- Lower timeframes: more signals, potential noise
- Higher timeframes: cleaner signals, less frequent
- Custom resolution: allows comparison across timeframes
- Consider using multiple timeframes for confirmation
3. Market Context
- Strong buyer line rising + weak seller line: very bullish
- Strong seller line falling + weak buyer line: very bearish
- Both lines rising: volatile uptrend
- Both lines falling: volatile downtrend
4. Combining with Other Indicators
- Use with trend indicators for confirmation
- Pair with oscillators for overbought/oversold conditions
- Combine with volume analysis for validation
- Consider support/resistance levels when peaks form
Advanced Trading Strategies
1. Buyer/Seller Balance Strategy
- Enter long when buyer line crosses above seller line
- Enter short when seller line crosses above buyer line
- Use distance trend for filtering quality of signals
- Exit when distance falls below convergence threshold
2. Peak Trading Strategy
- Identify significant peaks with background highlighting
- Look for consecutive lower peaks in buyer line for shorting opportunities
- Look for consecutive higher troughs in seller line for buying opportunities
- Use master line crosses through zero as confirmation
3. Convergence/Divergence Strategy
- Enter positions when distance exceeds divergence threshold (strong trend)
- Take partial profits when distance starts decreasing
- Exit fully when distance falls below convergence threshold
- Re-enter when a new trend forms with increasing distance
4. Line Trend Combination Strategy
- Strongest bullish signal: Rising buyer line + falling seller line + increasing distance
- Strongest bearish signal: Falling buyer line + rising seller line + increasing distance
- Potential reversal signal: Decreasing distance + peak formation + line trend change
- Continuation signal: Consistent buyer/seller dominance + increasing distance after consolidation
Practical Analysis Examples
Bullish Market Scenario
- Buyer line trends upward as buying pressure increases
- Seller line remains flat or trends downward as selling pressure decreases
- Distance between lines expands, showing divergence (strong trend)
- Positive background highlights appear at new peaks in buyer dominance
- Master line moves further above zero
Bearish Market Scenario
- Seller line trends downward as selling pressure increases
- Buyer line remains flat or trends downward as buying pressure decreases
- Distance between lines expands, showing divergence (strong trend)
- Negative background highlights appear at new troughs in seller dominance
- Master line moves further below zero
Consolidation Scenario
- Buyer and seller lines move sideways
- Distance between lines narrows, showing convergence
- Few or no new peak highlights appear
- Master line oscillates close to the zero line
- Analysis table shows "Stable" trends for both buyer and seller lines
Understanding Market Dynamics Through Power Balance
At its core, this indicator provides a unique lens to visualize the ongoing battle between bulls and bears:
1. **Relative Strength**: When the buyer line rises faster than the seller line, bulls are gaining strength relative to bears - a bullish signal. When the seller line falls faster than the buyer line, bears are dominating - a bearish signal.
2. **Market Consensus**: Convergence between lines suggests market participants are reaching consensus about price direction. Divergence suggests growing disagreement and potential for stronger moves.
3. **Exhaustion Signals**: Major peaks in either line that are highlighted by background colors suggest moments where one side (buyers or sellers) has reached maximum strength - often precursors to reversals.
4. **Trend Confirmation**: The status indicators (Near, Far, Normal) provide context about the current market phase, helping confirm whether a trend is establishing, continuing strongly, or potentially fading.
Remember:
- Combine signals from buyer/seller lines, distance measurements, and peak formations
- Use appropriate timeframe settings for your trading style
- Monitor the analysis table for additional context
- Consider market conditions and correlate with price action
This indicator works best when:
- Used as part of a comprehensive trading system
- Combined with proper risk management
- Applied with an understanding of current market conditions
- Signals are confirmed by price action and other indicators
**DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Coinbase PremiumCoinbase Premium Indicator
This Pine Script indicator displays the premium on Coinbase relative to the current ticker, if the ticker is available on Coinbase. It calculates the premium as the percentage difference between the price of the current ticker and the price on Coinbase.
Features:
Fetches the current ticker price.
Checks if the current ticker is available on Coinbase.
Calculates the premium only if the ticker is available on Coinbase.
Plots the premium on the chart.
Displays a message if the current ticker is not available on Coinbase.
Use this indicator to monitor the price premium of assets on Coinbase compared to other exchanges.
HILo Ema Squeeze BandsThis indicator combines uses ema to identify price squeeze before a big move.
The ema gets initialised at new high low. It used 3 ema's lengths. For result use x, 2x ,4x ie 50, 100, 200 or 100,200,400 and so on . On more volatile asset use a higher settings like 100,200,400. The inner band is divided into 4 zones, which can give support resistance. As you use it you will become aware of subtle information that it can give at times. Like you may be able to find steps at which prices move, when the market is trending
Just like in Bollinger bands, in a trending market the price stays within sd=1 and sd=2 so does in the inner band the price will remain in band1 and band2. But Bollinger band cannot print steps this indicator shows steps
Volume Order Blocks [BigBeluga]Volume Order Blocks is a powerful indicator that identifies significant order blocks based on price structure, helping traders spot key supply and demand zones. The tool leverages EMA crossovers to determine the formation of bullish and bearish order blocks while visualizing their associated volume and relative strength.
🔵 Key Features:
Order Block Detection via EMA Crossovers:
Plots bullish order blocks at recent lows when the short EMA crosses above the long EMA.
Plots bearish order blocks at recent highs when the short EMA crosses below the long EMA.
Uses customizable sensitivity through the “Sensitivity Detection” setting to fine-tune block formation.
Volume Collection and Visualization:
Calculates the total volume between the EMA crossover bar and the corresponding high (bearish OB) or low (bullish OB).
Displays the absolute volume amount next to each order block for clear volume insights.
Percentage Volume Distribution:
Shows the percentage distribution of volume among bullish or bearish order blocks.
100% represents the cumulative volume of all OBs in the same category (bullish or bearish).
Order Block Removal Conditions:
Bullish order blocks are removed when the price closes below the bottom of the block.
Bearish order blocks are removed when the price closes above the top of the block.
Helps maintain chart clarity by only displaying relevant and active levels.
Midline Feature:
Dashed midline inside each order block indicates the midpoint between the upper and lower boundaries.
Traders can toggle the midline on or off through the settings.
Shadow Trend:
Shadow Trend dynamically visualizes trend strength and direction by adapting its color intensity based on price movement.
🔵 Usage:
Supply & Demand Zones: Use bullish and bearish order blocks to identify key market reversal or continuation points.
Volume Strength Analysis: Compare volume percentages to gauge which order blocks hold stronger market significance.
Breakout Confirmation: Monitor block removal conditions for potential breakout signals beyond support or resistance zones.
Trend Reversals: Combine EMA crossovers with order block formation for early trend reversal detection.
Risk Management: Use OB boundaries as potential stop-loss or entry points.
Volume Order Blocks is an essential tool for traders seeking to incorporate volume-based supply and demand analysis into their trading strategy. By combining price action, volume data, and EMA crossovers, it offers a comprehensive view of market structure and potential turning points.
BCVC - Volume & Big Candle ColorThe BCVC (Volume & Big Candle Color) indicator helps traders identify significant price movements accompanied by unusual volume activity. By dynamically coloring bars based on volume spikes and candle size, it highlights potential momentum shifts, breakouts, or reversals. This tool is ideal for traders who want to:
Spot institutional buying/selling activity.
Confirm trend strength using volume and price volatility.
Filter noise by focusing on high-impact bars.
Key Features
Volume Spike Detection:
Compares current volume to a moving average (EMA) of volume.
Highlights bars where volume exceeds the average by a user-defined multiplier.
Big Candle Detection:
Identifies bars with a range (high-low) larger than the historical average range (EMA of candle ranges).
Thresholds for "big candles" are customizable.
Color-Coded Logic:
White Bars: High volume + Big candle + Bullish (close > open).
Orange Bars: High volume + Big candle + Bearish (close < open).
Blue Bars: High volume + Regular candle + Bullish.
Maroon Bars: High volume + Regular candle + Bearish.
Input Parameters
Volume Settings:
Volume Period: EMA length for average volume calculation (default: 20).
Volume Multiplier: Threshold multiplier for volume spikes (e.g., 1.25 = 25% above average).
Candle Size Settings:
Lookback Period: EMA length for average candle range (default: 7).
Big Candle Multiplier: Threshold multiplier for large candles (e.g., 1.3 = 30% above average range).
How It Works
Volume Analysis:
The indicator calculates an EMA of volume over the specified period.
If the current bar’s volume exceeds Average Volume × Volume Multiplier, it’s flagged as a high-volume bar.
Candle Range Analysis:
The average candle range (high-low) is calculated using an EMA over the lookback period.
A "big candle" is identified when the current bar’s range exceeds Average Range × Big Candle Multiplier.
Combined Signals:
High-volume bars are colored based on whether they are bullish/bearish and whether their range exceeds the big-candle threshold.
Example: A white bar (high volume + big candle + bullish) suggests strong buying pressure with institutional participation.
Usage Scenarios
Breakout Confirmation: A white/orange bar at a support/resistance level may validate a breakout.
Reversal Signals: A maroon/orange bar after a long trend could indicate exhaustion and potential reversal.
Trend Strength: Clusters of blue/white bars during uptrends (or maroon/orange in downtrends) confirm momentum.
Benefits
Visual Clarity: Instantly spot high-impact bars without manually scanning volume or candle size.
Customizable Sensitivity: Adjust multipliers to filter noise (e.g., increase for fewer signals).
Universal Application: Works on all timeframes and instruments (stocks, forex, crypto).
Notes
Best Paired With: Trendlines, support/resistance levels, or momentum oscillators (e.g., RSI).
Avoid False Signals: Use higher multipliers (e.g., 1.5) on lower timeframes to reduce noise.
Rev & Line - CoffeeKillerRev & Line - CoffeeKiller Indicator Guide
🔔 Warning: This Indicator Repaints 🔔 This indicator uses real-time calculations that may change based on future price action. As a result, signals (such as arrows, lines, or color changes) **can and will repaint** — meaning they may appear, disappear, or shift after a candle closes.
**Do not rely on this tool alone for live trading decisions.** Use with caution and always confirm with non-repainting tools or additional analysis.(This indicator is designed to show me the full length of the trend and because of this there can be a smaller movement inside of the trend movement)
Welcome traders! This guide will walk you through the Rev & Line indicator, a sophisticated technical analysis tool developed by CoffeeKiller that combines multiple methodologies to identify market pivots, trends, and potential reversal points.
Core Components
1. ZigZag Analysis
- Dynamic pivot detection using ATR (Average True Range)
- Customizable sensitivity through ATR Reversal Factor
- Color-coded trend lines (green for upward, red for downward)
- Optional vertical lines at pivot points
- Real-time pivot point analysis
2. Donchian Channel Integration
- Traditional upper, lower, and middle bands
- Customizable length and displacement
- Channel-based entry signals
- Dynamic market structure visualization
3. Marker Lines System
- Dynamic support/resistance level tracking
- Pivot-based reset mechanism
- Optional fill zones between markers
- Percentage position tracking within range
4. Signal Generation System
- Confluence between ZigZag pivots and Donchian channels
- Up/down arrow visualization
- Alert system
Main Features
ZigZag Settings
- ATR Reversal Factor: Controls pivot sensitivity (default 3.2)
- Customizable line appearance:
Width control (default: 3)
Color selection (green for uptrend, red for downtrend)
Vertical line options at pivot points
Maximum vertical lines display limit
- Hide repainted option for more reliable signals
Donchian Channel Configuration
- Optional channel visibility toggle
- Length parameter for lookback period (default: 20)
- Displace option for time offset
- Bubble offset for visual placement
Marker Lines System
- High/low/middle marker lines with step-line visualization
- Dotted line projections for future reference
- Pivot-based reset mechanism
- Color-coded percentage position display
Signal Generation
- Triangle markers for signals
- Combined ZigZag and Donchian confluence
- Alert system for notifications
Visual Elements
1. Pivot Lines
- Green: Upward price movements
- Red: Downward price movements
- Customizable line width
- Optional vertical pivot markers with style options:
Solid lines for confirmed pivots
Dashed lines for older pivots
Dotted lines for most recent pivots
2. Donchian Channels
- Upper band (red): Resistance level
- Lower band (green): Support level
- Middle band (yellow): Median price line
- Customizable display options
3. Marker Lines
- High marker line (magenta): Tracks highest open price
- Low marker line (cyan): Tracks lowest open price
- Middle marker line (blue): 50% level between high/low
- Dotted line extensions for future price projections
4. Position Tracking
- Percentage position display within marker range
- Real-time calculations from 0% to 100%
- Label system for visual reference
Trading Applications
1. Trend Following
- Enter on confirmed ZigZag pivot points
- Use Donchian channel boundaries as targets
- Trail stops using marker lines
- Monitor for confluence between systems
2. Counter-Trend Trading
- Trade bounces from marker lines
- Use pivot confirmation for entry timing
- Set stops based on recent pivot points
- Target the opposite marker line
3. Range Trading
- Use high/low marker lines to define range
- Trade bounces between upper and lower markers
- Consider middle marker for range midpoint
- Monitor percentage position within range
4. Breakout Trading
- Enter on breaks above/below marker lines
- Confirm with Donchian channel breakouts
- Use ZigZag pivot confirmations
- Wait for arrow signals for additional confirmation
Optimization Guide
1. ZigZag Parameters
- Higher ATR Factor: Less sensitive, major moves only
- Lower ATR Factor: More sensitive, catches minor moves
- Adjust line width for chart visibility
- Balance vertical line count for clarity
2. Donchian Channel Settings
- Longer length: Smoother channels, fewer false signals
- Shorter length: More responsive, but potentially noisier
- Displacement: Offset for historical reference
- Consider timeframe when setting parameters
3. Marker Line Configuration
- Enable/disable based on trading style
- Toggle middle line for additional reference
- Adjust colors for visual clarity
- Enable/disable labels as needed
4. Signal Generation
- Use "Hide repainted" option for more reliable signals
- Combine ZigZag and Donchian signals for confirmation
- Set alerts based on confirmed pivot points
- Balance sensitivity with reliability
Best Practices
1. Signal Confirmation
- Wait for confirmed pivot points
- Check for Donchian channel interactions
- Confirm with price action
- Look for arrow signals at pivot points
2. Risk Management
- Use recent pivot points for stop placement
- Consider marker line boundaries for targets
- Don't trade against strong trends
- Wait for clear confluence between systems
3. Setup Optimization
- Start with default settings
- Adjust based on timeframe
- Fine-tune ATR sensitivity
- Match settings to trading style
Advanced Features
1. Alert System
- Customizable arrow alerts
- Pivot point notifications
- Text message alerts with ticker information
- Once-per-bar frequency option
2. Pivot Detection Logic
The indicator uses a sophisticated state-based approach to detect pivots:
- State transitions between "uptrend," "downtrend," and "undefined"
- ATR-based reversal detection
- Minimum movement threshold for pivot confirmation
- Historical pivot tracking and labeling
3. Marker Line Reset Mechanism
- Marker lines reset based on pivot detection
- Dynamic support/resistance level adjustment
- Percentage position calculation within range
- Automatic updates as market structure changes
Remember:
- Combine multiple confirmation signals
- Use appropriate timeframe settings
- Monitor both ZigZag and Marker signals
- Pay attention to Donchian channel interactions
- Consider market volatility when trading
This indicator works best when:
- Used with proper risk management
- Combined with other technical tools
- Applied to appropriate timeframes
- Signals are confirmed by price action
**DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Daily & Multi-Day High/LowDaily & Multi-Candle High/Low Indicator
This indicator clearly highlights essential price levels directly on your chart, significantly improving your trading decisions:
First Candle High/Low (Session Open):
Quickly identify the high and low of the first candle each trading day, ideal for session-open traders.
Previous Day's High/Low:
Automatically plots the highest and lowest prices from the previous trading day, crucial for daily breakout or reversal strategies.
Multi-Candle High/Low (Customizable Period):
Easily track the highest and lowest points of the last X candles (default: 108 candles). Perfect for spotting key support and resistance zones.
Customization Options:
Adjust colors, line styles (solid, dashed, dotted), and line thickness directly from the settings for personalized visibility.
Ideal for day traders, swing traders, and price-action traders looking for clear and actionable daily levels on their charts.
Triple Witching HourThe "Triple Witching Hour" indicator highlights the days when the quarterly expiration of stock index futures, options on futures, and options on stocks occurs simultaneously. These events, known as "Triple Witching Days," typically happen on the third Friday of March, June, September, and December. The indicator marks these days on the chart with a red triangle below the price bars and displays a label with the text "Triple Witching Hour." Traders can use this tool to identify periods of potential market volatility and adjust their strategies accordingly.
Trend Catcher SwiftEdgeTrend Catcher SwiftEdge
Overview
The Trend Catcher SwiftEdge is a simple yet effective tool designed to help traders identify potential trend directions using two Simple Moving Averages (SMAs). It plots two SMAs based on the high and low prices of the chart, visually highlights trend conditions, and provides buy/sell labels to assist with trade entries. This indicator is best used as part of a broader trading strategy and should not be relied upon as a standalone signal generator.
How It Works
Two SMAs: The indicator calculates two SMAs: one based on the lowest price (Low) and one based on the highest price (High) over a user-defined period (default: 20).
Dynamic Colors:
Green: When the price is above both SMAs (indicating a potential uptrend).
Red: When the price is below both SMAs (indicating a potential downtrend).
Purple: When the price is between the SMAs (indicating consolidation).
The SMAs and the background between them change color dynamically to reflect the current trend condition.
Buy/Sell Labels:
A "Buy" label appears when an entire candlestick (including its low) crosses above both SMAs, marking the start of a potential uptrend.
A "Sell" label appears when an entire candlestick (including its high) crosses below both SMAs, marking the start of a potential downtrend.
To reduce noise, only one label is shown per trend direction. The indicator resets when the price enters the consolidation zone (purple), allowing for a new signal when the next trend begins.
Settings
SMA Length: Adjust the period of the SMAs (default: 20). A longer period smooths the SMAs and focuses on larger trends, while a shorter period makes the indicator more sensitive to price changes.
How to Use
Add the indicator to your chart.
Look for "Buy" labels to consider potential long entries during uptrends (green zone).
Look for "Sell" labels to consider potential short entries during downtrends (red zone).
Use the purple consolidation zone to prepare for potential breakouts.
Always combine this indicator with other forms of analysis (e.g., support/resistance, volume, or other indicators) to confirm signals.
Important Notes
This indicator is a tool to assist with identifying trend directions and potential entry points. It does not guarantee profits and should be used as part of a comprehensive trading strategy.
False signals can occur, especially in choppy or ranging markets. Consider using additional filters or confirmations to improve reliability.
Backtest the indicator on your chosen market and timeframe to understand its behavior before using it in live trading.
Feedback
If you have suggestions or feedback, feel free to leave a comment. Happy trading!
Fair Value Gap (FVG) Detector Fair Value Gap (FVG) is an imbalance in price action that occurs when there is a strong displacement (big movement) in the market, leaving a gap between wicks. This gap represents an area where price moved too quickly, and liquidity was not fully filled.
Traders use FVGs as potential areas where price might retrace and react before continuing in the original direction.
Standard Deviation SMA RSI | mad_tiger_slayerOverview of the Script
The Standard Deviation SMA RSI is a custom TradingView indicator that enhances the Relative Strength Index (RSI) by incorporating a Simple Moving Average (SMA) and Standard Deviation bands . This approach smooths RSI calculations while factoring in volatility to provide clearer trend signals . Additionally, the indicator includes overbought and oversold thresholds, trend-coded RSI signals , and dynamic volatility bands for improved market analysis. This indicator is designed for swing traders and long-term investors looking to capture high-probability trend shifts.
How Do Traders Use the Standard Deviation SMA RSI?
In the provided chart image, the indicator is displayed on a price chart. Each visual component serves a distinct function in identifying trend conditions and volatility levels .
INTENDED USES
⚠️ NOT INTENDED FOR SCALPING
With the smoothing nature of the SMA-based RSI , this indicator is not designed for low-timeframe scalping. It works best on timeframes above 1-hour , with optimal performance in 12-hour, daily, and higher timeframes.
📈 TREND-FOLLOWING & MEAN REVERSION
The Standard Deviation SMA RSI functions as both a trend-following and mean-reverting indicator:
Trend-Following: Identifies strong, sustained trends using RSI signals and SMA confirmation.
Mean Reversion: Detects overbought/oversold conditions based on standard deviation bands and RSI thresholds .
A VISUAL REPRESENTATION OF INTENDED USES
RSI Line (Green/Pink/Gray): The RSI line dynamically changes color based on trend conditions .
Green RSI → Strong uptrend, RSI above the uptrend threshold.
Pink RSI → Downtrend, RSI below the downtrend threshold.
Gray RSI → Neutral state or consolidation.
If the SMA of RSI is above Long Threshold , the market is in a bullish trend.
If it’s below Short Threshold, bearish conditions prevail.
Threshold Lines (Teal/Purple):
Green Line → Long Entry Threshold
Red Line → Short Entry Threshold
Standard Deviation Bands:
Upper Band → Measures bullish volatility expansion
Lower Band → Measures bearish volatility expansion
Colored Candles: Price candles adjust color based on RSI conditions , visually aligning price action with market trends.
Indicator's Primary Elements
Input Parameters
The script includes several configurable settings, allowing users to tailor the indicator to different market environments:
RSI Length: Controls the number of periods for RSI calculations.
SMA Length: Defines the period for the SMA applied to RSI , creating a smoothed trend line.
Standard Deviation Period: Determines the length for volatility calculations.
Overbought and Oversold Levels:
Can be adjusted to customize sensitivity.
Standard Deviation SMA RSI Calculation
The SMA-based RSI smooths fluctuations while the standard deviation bands measure price volatility.
Upper and Lower Bands: Calculated by adding/subtracting standard deviation to/from the SMA-based RSI.
Trend Signal Calculation:
RSI is compared to uptrend and downtrend thresholds to determine buy/sell conditions.
Long and Short Conditions
Buy and sell conditions are determined by RSI relative to key thresholds :
Bullish Signal: RSI above long threshold & SMA confirms trend .
Bearish Signal: RSI below short threshold & SMA confirms downtrend .
Reversals: RSI entering overbought/oversold areas suggests possible trend reversals.
Conclusion
The Standard Deviation SMA RSI is a powerful trend-following and mean-reverting tool , offering enhanced insights into RSI movements, volatility, and market strength . By combining SMA smoothing, standard deviation bands, and dynamic thresholds , traders can better identify trend confirmations, reversals, and overextended conditions .
✅ Customizable settings allow traders to optimize sensitivity.
✅ Works best on high timeframes (12H, Daily, Weekly).
✅ Ideal for swing traders and long-term investors.
Pixel Art CloudPixel Art Cloud ☁️ (Super Mario Bros. 2 NES Style)
This Pine Script (v6) script generates a Pixel Art Cloud, inspired by the classic clouds from Super Mario Bros. 2 (NES).
📌 Features:
Displays a pixelated cloud in 8-bit retro style.
Overlays the chart at user-defined intervals.
Uses a color combination to simulate the classic cloud:
⚫ Black for the outline (classic pixelated border).
🔵 Light blue (#3CBCFC) for internal details, matching the clouds in the game.
Automatic repetition on the chart based on the separation parameter.
Does not affect market data, purely a visual decorative element.
🎨 Main Use:
This script is perfect for adding a nostalgic and creative touch to TradingView charts, bringing back the Super Mario Bros. 2 (NES) vibe.
🔧 Optional:
You can modify the cloud's appearance frequency by adjusting the separation parameter.
💡 Note:
This script is not a technical indicator and does not influence market analysis.
🚀 Add a retro touch to your charts with this pixelated cloud! ☁️🎮
7 Inside Bars with Full Range Box (15m)his indicator detects periods of extreme price compression by identifying 7 consecutive inside bars on the 15-minute timeframe. An inside bar is a candle that forms within the high and low of the previous candle. When 7 such bars occur in a row, it's a strong signal of market indecision and potential breakout.
What it does:
Detects if the last 7 candles are all inside the range of the 8th candle (the outer bar).
Highlights the consolidation zone by drawing a fuchsia-colored box from the high to low of the outer candle.
Marks the final candle in the sequence with a small "7IN" label below the bar.
This setup can help traders spot high-probability breakout zones and prepare for potential volatility after extended consolidation.
🔍 Best Used For:
Breakout trading
Volatility expansion strategies
Trade setups following tight consolidation
Pixel Art ChickenPixel Art Chicken 🐔
This Pine Script (v6) script generates a Pixel Art of a Chicken on the TradingView chart.
📌 Features:
Draws a pixelated chicken using vibrant colors:
🔴 Red (comb)
🟡 Yellow (beak and legs)
⚪ Light gray (body)
⚫ Black (eyes and outline)
Overlays the chart at user-defined intervals.
Functions as a visual design without affecting market data.
Customizable in terms of location and spacing between images.
🎨 Main Use:
This script is perfect for adding a fun and creative touch to your TradingView charts.
🔧 Optional:
If you want to modify the repetition frequency of the pixel art, adjust the separation parameter.
💡 Note:
This script is not a technical indicator and does not influence market analysis.
🚀 Enjoy this Pixel Art on your charts! 🎮🐔🔥
Double Bollinger Bands MTF and Price projectionI did this script because I wanted to project prices over future bars quickly because I am a options trader.
Options:
Time frame: Default is Chart
Some times I prefer using 15 m with period 200 on a daily chart in a fast moving market. But you can chose what suites you
BB inner deviation 1 is default
When BB inner deviation=1 the outer will be 2X if its 0.5 outer will be 1
Moving Average type : Default EMA
Project next bar in label Default is off
This will calculate a linear projection of price of each band for the number of bars requested and print them in the label. It does not plot the future values
Using: in a trending market the prices will be generally be between band1 and band 2
and other times between -band1 and +band1. The projection can assist in optimal option strategy. Also in a fast moving market I would use 10 period ema for accurate price projections and others 20
EMA Clouds with Strict Buy/Sell SignalsEMA Clouds with Strict Buy/Sell Signals - Precision Trading Unleashed
Unlock the power of trend-following precision with the EMA Clouds with Strict Buy/Sell Signals indicator, a sophisticated tool built for traders who demand reliability and clarity in their decision-making. Inspired by the legendary Ripster EMA Clouds, this indicator takes the classic cloud concept to the next level by incorporating stricter, high-confidence signals—perfect for navigating the markets on 15-minute or higher timeframes.
Why You’ll Want This on Your Chart:
Dual EMA Clouds for Crystal-Clear Trends: Watch as two dynamic clouds—formed by carefully paired Exponential Moving Averages (8/21 and 34/50)—paint a vivid picture of market momentum. The green short-term cloud and red long-term cloud provide an intuitive, at-a-glance view of trend direction and strength.
Stricter Signals, Fewer False Moves: Tired of chasing weak signals? This indicator only triggers buy and sell signals when the stars align: a cloud crossover (short-term crossing above or below long-term) and price confirmation above or below both clouds. The result? Fewer trades, higher conviction, and a cleaner chart.
Customizable Timeframe Power: Whether you’re a scalper on the 15-minute chart or a swing trader on the daily, tailor the clouds to your preferred higher timeframe (15min, 30min, 1hr, 4hr, or daily) for seamless integration into your strategy.
Visual Mastery Meets Actionable Alerts: Green buy triangles below the bars and red sell triangles above them make spotting opportunities effortless. Pair this with built-in alerts, and you’ll never miss a high-probability trade again.
How It Works:
Buy Signal: Triggers when the short-term cloud crosses above the long-term cloud and the price surges above both, signaling a robust bullish breakout.
Sell Signal: Activates when the short-term cloud dips below the long-term cloud and the price falls beneath both, confirming bearish dominance.
Cloud Visualization: The green cloud (8/21 EMA) tracks fast-moving trends, while the red cloud (34/50 EMA) anchors the broader market direction—together, they filter noise and spotlight tradable moves.
Why Traders Will Love It:
Designed for those who value precision over guesswork, this indicator cuts through market clutter to deliver signals you can trust. Whether you’re trading stocks, forex, crypto, or futures, its adaptability and strict logic make it a must-have tool for serious traders. Customize the EMA lengths, tweak the timeframe, and watch your edge sharpen.
Add EMA Clouds with Strict Buy/Sell Signals to your chart today and experience the confidence of trading with a tool that’s as disciplined as you are. Your next big move is waiting—don’t let it slip away.
Correlation X macroeconomicsFind the correlation between financial assets and the main Brazilian macroeconomic variables:
SELIC rate (Red)
PIB (Green)
Inflation (Blue)
Employment and income (Yellow)
Unlike other indicators that measure the correlation between two assets, the indicator "Correlation X macroeconomics" measures, for example, the correlation that the VALE3 asset has with the SELIC rate.
The correlation is obtained by calculating the variation suffered by a given asset on the day a given Brazilian macroeconomic variable is released.
This indicator can be used on any financial asset.
Use time frame chart = 1 day.
To calculate the correlation, data published by IBGE and the Central Bank of Brazil over a period of time are used. This time period is different depending on the selected macroeconomic variable. Namely:
16 PIB disclosures (4 years)
24 SELIC rate disclosures (3 years)
24 disclosures of IPCA and employment and income data (2 years)
You can select one or more macroeconomic variables to check the effect of correlation separately on each of them.
This indicator "Correlation X macroeconomics" will be updated monthly, as detailed below:
At the end of the day on which the PIB is released
At the end of the day on which employment and income data are released
At the end of the day following the day on which the SELIC rate is published
On the last business day of the month if none of the aforementioned disclosures occur
matrixx Global Sessions + Good/Premium Spread ZonesSimple (enough) Script that allows you to visualize the major trading sessions, with some QoL stuff, Includes a "Monday Open" bar for reference when zooming out.
By default no one 'session' is turned on; instead, we have;
Good Zone - where spread tends to close up enough for (me) to trade in the 1-minute timezones
Premium Zone - where the tightest spreads tend to happen and I (you?) can get more aggressive with Stop Losses, and moment-to-moment trade accuracy.
The Monday Open - for reference.
You are able to go into the settings and turn these on and off at will, making any combination of 'zones' you prefer, and can colour code them, as well.
Points of Difference;
You can turn on and off any group or set of sessions for an overview;
Additionally, this is coded so that if there is a "Daylight Saving" or other localized timezone shift, it should be reflected correcty, as timezones are calculated based on each sessions' data, not arbitrarily with +/- as most of the other scripts that do similar to this one.
Monday Open
you can toggle sessions, or instead toggle the 'off hour' zones, at will
Session Profile AnalyzerWhat’s This Thing Do?
Hey there, trader! Meet the Session Profile Analyzer (SPA) your new go-to pal for breaking down market action within your favorite trading sessions. It’s an overlay indicator that mixes Rotation Factor (RF), Average Subperiod Range (ASPR), Volume Value Area Range (VOLVAR), and TPO Value Area Range (TPOVAR) into one tidy little toolkit. Think of it as your market vibe checker momentum, volatility, and key levels, all served up with a grin.
The Cool Stuff It Does:
Rotation Factor (RF) : Keeps tabs on whether the market’s feeling bullish, bearish, or just chilling. It’s like a mood ring for price action shows “UP ↑,” “DOWN ↓,” or “NONE ↔.”
ASPR : Averages out the range of your chosen blocks. Big swings? Tiny wiggles? This tells you the session’s energy level.
VOLVAR : Dives into volume to find where the action’s at, with a smart twist it adjusts price levels based on the session’s size and tiny timeframe moves (capped at 128 so your chart doesn’t cry).
TPOVAR : Grabs lower timeframe data to spot where price hung out the most, TPO-style. Value zones, anyone?
Dynamic Precision : No ugly decimal overload SPA matches your asset’s style (2 decimals for BTC, 5 for TRX, you get it).
How to Play With It:
Session Start/End : Pick your trading window (say, 0930-2200) and a timezone (America/New_York, or wherever you’re at).
Block Size : Set the chunk size for RF and ASPR like 30M if you’re into half-hour vibes.
Value Area Timeframe : Go micro with something like 1S for VOLVAR and TPOVAR precision.
Label : Size it (small to huge), color it (white, neon pink, whatever), and slap it where you want (start, mid, end).
How It All Works (No PhD Required):
RF : Imagine breaking your session into blocks (via Block Size). For each block, SPA checks if the high beats the last high (+1) or not (0), and if the low dips below the last low (-1) or not (0). Add those up, and boom positive RF means upward vibes, negative means downward, near zero is “meh.” Use it to catch trends or spot when the market’s napping.
ASPR : Takes those same blocks, measures high-to-low range each time, and averages them. It’s your volatility pulse big ASPR = wild ride, small ASPR = snooze fest. Great for sizing up session action.
VOLVAR : Here’s the fun part. It takes the session’s full range (high minus low), divides it by the average range of your tiny Value Area Timeframe bars (e.g., 1S), and picks a sensible number of price levels capped at 128 so it doesn’t overthink. Then it bins volume into those levels, finds the busiest price (POC), and grows a 70% value area around it. Perfect for spotting where the big players parked their cash.
TPOVAR : Grabs midpoints from those tiny timeframe bars, sorts them, and snips off the top and bottom 15% to find the 70% “value zone” where price chilled the most. Think of it as the market’s comfort zone great for support/resistance hunting.
Why You’ll Like It:
Whether you’re scalping crypto, swinging forex, or dissecting stocks, SPA’s got your back. Use RF to catch momentum shifts like jumping on an “UP ↑” trend or fading a “DOWN ↓” exhaustion. ASPR’s your secret weapon for sizing up trades: a big ASPR (say, 100 on BTC) means you can aim for juicy targets (like 1-2x ASPR) or set invalidations tight when it’s tiny (e.g., 0.001 on TRX) to dodge chop. VOLVAR and TPOVAR are your level-finders nail those key zones where price loves to bounce or break, perfect for entries, stops, or profit grabs. It’s like having a trading co-pilot who’s chill but knows their stuff.
Heads-Up:
Load enough history for those micro timeframes to shine (1S needs some bars to work with).
Keeps things light won’t bog down your chart even with decent-sized sessions.
Let’s Roll:
Slap SPA on your chart, tweak it to your style, and watch it spill the beans on your session. Happy trading, fam may your pips be plenty and your losses few!
