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Pivot points and levels

Momentum Flip Pro - Advanced ZigZag Trading SystemMomentum Flip Pro - Advanced ZigZag Trading System Complete User Guide 📊 What This Indicator Does The Momentum Flip Pro is an advanced position-flipping trading system that automatically identifies trend reversals using ZigZag patterns combined with momentum analysis. It's designed for traders who want to always be in the market, flipping between long and short positions at optimal reversal points. Key Features: Automatically flips positions at each ZigZag reversal point Dynamic stop loss placement at exact ZigZag levels Real-time trading dashboard with performance metrics Capital tracking and ROI calculation Three momentum engines to choose from 🎯 How It Works Entry Signal: When a ZigZag point appears (circle on chart), the indicator: Exits current position (if any) Immediately enters opposite position Places stop loss at the exact ZigZag price Exit Signal: Positions are closed when the next ZigZag appears, then immediately reversed Position Management: Long Entry: ZigZag bottom (momentum turns UP) Short Entry: ZigZag peak (momentum turns DOWN) Stop Loss: Always at the ZigZag entry price Take Profit: Next ZigZag point (automatic position flip) ⚙️ Recommended Settings For Day Trading (5m-15m timeframes): Momentum Engine: Quantum - RSI Length: 9-12 - Quantum Factor: 3.5-4.0 - RSI Smoothing: 3-5 - Threshold: 8-10 For Swing Trading (1H-4H timeframes): Momentum Engine: MACD - Fast Length: 12 - Slow Length: 26 - Signal Smoothing: 9 - MA Type: EMA For Position Trading (Daily): Momentum Engine: Moving Average - Average Type: EMA or HMA - Length: 20-50 📈 How to Use for Trading Add to Chart: Add indicator to your chart Set your starting capital Choose your preferred momentum engine Understanding Signals: Green circles: Strong bullish momentum reversal Red circles: Strong bearish momentum reversal Purple circles: Normal momentum reversal Entry labels: Show exact entry points with tooltips Trading Rules: Enter LONG when you see an up arrow + green/purple circle Enter SHORT when you see a down arrow + red/purple circle Stop loss is automatically at the ZigZag level Hold until next ZigZag appears (exit + reverse) Risk Management: Risk per trade = Entry Price - Stop Loss Position size = (Capital * Risk %) / Risk per trade Recommended risk: 1-2% per trade 💡 Best Practices Market Conditions: Works best in trending markets Excellent for volatile pairs (crypto, forex majors) Avoid during low volume/consolidation Timeframe Selection: Lower timeframes (5m-15m): More signals, higher noise Higher timeframes (1H+): Fewer signals, higher reliability Sweet spot: 15m-1H for most traders Momentum Engine Selection: Quantum: Best for volatile markets (crypto, indices) MACD: Best for trending markets (forex, stocks) Moving Average: Best for smooth trends (commodities) 📊 Dashboard Interpretation The trading dashboard shows: Current Capital: Your running balance Position: Current trade direction Entry/Stop: Your risk levels Statistics: Win rate and performance ROI: Overall return on investment ⚠️ Important Notes Always Active: This system is always in a position (long or short) No Neutral: You're either long or short, never flat Automatic Reversal: Positions flip at each signal Stop Loss: Fixed at entry ZigZag level (doesn't trail) 🎮 Quick Start Guide Beginners: Start with default settings on 1H timeframe Test First: Use paper trading to understand the signals Small Size: Begin with 1% risk per trade Track Results: Monitor the dashboard statistics Adjust: Fine-tune momentum settings based on results 🔧 Customization Tips Color Signals: Enable to see momentum strength Dashboard Position: Move to preferred screen location Visual Settings: Adjust colors for your theme Alerts: Set up for automated notifications This indicator is ideal for traders who prefer an always-in-market approach with clear entry/exit rules and automated position management. The key to success is choosing the right momentum engine for your market and maintaining disciplined risk management.
Pine Script® indicator
by MaximusGains
ADR Pivot LevelsThe ADR (Average Daily Range) indicator shows the average range of price movement over a trading day. The ADR is used to estimate volatility and to determine target levels. It helps to set Take-Profit and Stop-Loss orders. It is suitable for intraday trading on lower time frames. The “ADR Pivot Levels” produces a sequence of horizontal line levels above and below the Center Line (reference level). They are sized based on the instrument's volatility, representing the average historical price movement on a selected higher timeframe using the average daily range (ADR) indicator.
Pine Script® indicator
by PristineTrader
Multi-Timeline 1.0Multi-TimeLines 1.0 - Comprehensive Description WHAT IT DOES: This indicator creates dynamic horizontal support/resistance lines based on opening prices captured at user-defined New York times. Unlike static horizontal lines, these levels automatically appear and disappear based on sophisticated session logic, providing traders with time-sensitive reference levels that adapt to market sessions. HOW IT WORKS - TECHNICAL IMPLEMENTATION: 1. Timezone Conversion Engine: The script uses Pine Script's "America/New_York" timezone functions to ensure all time calculations are based on NY time, regardless of the user's chart timezone. This eliminates confusion and provides consistent behavior across global markets. 2. Dual-Category Time Classification System: The indicator employs a unique two-category classification system: Category A (16:00-23:59 NY): Evening times that extend overnight until next day 15:59 NY Category B (00:00-15:59 NY): Day times that extend until same day 15:59 NY This classification handles the complex logic of overnight sessions and prevents lines from incorrectly resetting at midnight for evening times. 3. Price Capture Mechanism: Uses precise time-hit detection with backup systems for edge cases (especially midnight 00:00). When a specified time occurs, the script captures the bar's opening price and stores it in persistent variables using Pine Script's var declarations. 4. Session-Aware Display Logic: Lines only appear during their designated "display windows" - periods when the captured price level is relevant. The script uses conditional plotting with plot.style_linebr to create clean breaks when lines are inactive. 5. Smart Reset System: Different reset behaviors based on time classification: Category A times persist across midnight (for overnight analysis) Category B times reset on day changes (except 00:00 which captures AT day change) Automatic cleanup when display windows close ORIGINALITY & UNIQUE FEATURES: 1. Overnight Session Handling: Unlike basic horizontal line tools, this script properly handles overnight spans for evening times, making it invaluable for analyzing gaps and overnight price action. 2. Automatic Session Management: No manual line drawing required - the script automatically manages when lines appear/disappear based on NY market sessions (15:59 close, 18:00 after-hours start). 3. Time-Window Display Logic: Lines only show during relevant periods, reducing chart clutter and focusing attention on currently active levels. TRADING CONCEPTS & APPLICATIONS: 1. Session-Based Analysis: Capture opening prices at key session times: 00:00 NY: Sydney/Asian session start 03:00 NY: London pre-market 08:00 NY: London session open 09:30 NY: NYSE opening bell 18:00 NY: After-hours start 2. Gap Analysis: Evening times (20:00-23:59) that extend overnight are particularly useful for: Identifying potential gap-fill levels Tracking overnight high/low breaks Setting reference points for next-day trading 3. Support/Resistance Framework: Opening prices at significant times often act as: Intraday support/resistance levels Reference points for breakout/breakdown analysis Pivot levels for mean reversion strategies HOW TO USE: 1. Time Input: Enter times in "HH:MM" format using 24-hour NY time: "09:30" for NYSE open "15:30" for late-day reference "20:00" for evening level (extends overnight) 2. Line Behavior: Blue/Green/Cyan/Red lines: Your custom times Yellow line: After-hours day open (18:00 NY start) Lines appear with breaks during inactive periods 3. Strategic Setup: Use 2-3 key session times for your trading style Combine morning times (immediate reference) with evening times (overnight analysis) Toggle after-hours line based on your market focus CALCULATION METHOD: The script uses direct opening price capture (no smoothing or averaging) at precise time hits, ensuring the most accurate representation of actual market levels at specified times. This raw price approach maintains the integrity of actual market opening prices rather than manipulated or calculated values. This method is particularly effective because opening prices at significant times often represent institutional order flow and can act as magnetic levels throughout subsequent sessions.
Pine Script® indicator
by Morecowwbell
Deep: 2 Consecutive Candle Color + OB + CPR + MAs🔍 For TradingView or Technical Traders: 1. 💡 All-in-One Price Action Tool Candle Patterns ✅ | Order Blocks ✅ | CPR Levels ✅ | MA Crossovers ✅ One script to filter high-probability trades — test it now! 2. 📊 Precision Meets Price Action This multi-tool Pine Script blends CPR, OB, MA Crossovers, and Candle Color Logic for sharper entries. Optimize your edge — visually. 3. 🎯 Smart Visual Trading Assistant No more clutter — just clean, rule-based signals using: ✔️ OB Detection ✔️ CPR Levels ✔️ Dual MA Crossovers ✔️ 2-Candle Confirmation 🤖 For Algo-Trading / Strategy Developers: 4. 🚀 Power-up your trading algorithm! This script combines institutional price levels (CPR + OB) with price action and trend logic. Test, tweak, trade smarter. 5. 🔧 Built for traders, by traders Detect trends, reversals, and OB zones with a clean overlay. Try this visual assistant on your charts today!
Pine Script® indicator
by khardo11
Previous Day High & Low)Previous Day High & Low (PDH/PDL) This simple but essential tool plots the previous day's high and low as dynamic horizontal lines across the current trading session. Ideal for traders who rely on key support and resistance levels, this indicator automatically updates at the start of each new day and extends the levels across the chart. 🔹 Features: Automatically tracks and draws the previous day’s high and low. Lines update cleanly at each new session. Helps identify breakout and reversal zones. Perfect for scalpers, intraday traders, and anyone watching for reactions at key levels.
Pine Script® indicator
by mikescott10205
TradeJorno - Time + Price Levels Tired of manually drawing and updating important ICT or SMC time and price levels on your charts every day? Here’s an indicator to draw important TIME and PRICE levels automatically. Here’s what you can highlight in realtime on your charts: 1. Previous major highs and lows ⁃ Previous daily and weekly highs and low - Weekly dividing lines 2. Session highs/lows ⁃ Plot the high and low of Asia and London sessions. ⁃ Customise the timeframe and appearance on the chart. - Previous session settlement price. 3. Various price levels ⁃ Pre-market opening prices : midnight, 7:30 and 8:30 ⁃ Regular market opening prices: 9:30, 10:00, 14:00 - end of session settlement prices 4. Market opening range high and low ⁃ Lines extending throughout the current session ⁃ Customise the timeframe and appearance on the chart. 5. ICT Macro times - Draw customisable vertical lines and labels to indicate the start of each ICT macro period. Let us know in the comments below if there’s anything else we need to add!
Pine Script® indicator
by tradejorno
2
Pair TradingPAIR TRADING Description: This indicator is a simple and intuitive tool for rotating between two assets based on their relative price ratio. By comparing the prices of Asset A and Asset B, it plots a “ratio line” (gray) with dynamic upper and lower boundaries (red and blue). When the ratio reaches the red line, Asset A is expensive → rotate out of A and into B. When the ratio touches the blue line, Asset A is cheap → rotate back into A. The chart also shows: 🔹 Background highlights for visual cues 🔹 “Rotate to A” or “Rotate to B” markers for easy decisions 🔹 A live summary table with mean ratio, upper/lower boundaries, and current ratio How to Use: Select Asset A and Asset B in the settings. Adjust the Lookback Period and Threshold if needed. Watch the gray ratio line as it moves: Above red line? → Consider rotating into B Below blue line? → Consider rotating into A Use the background color changes and rotation labels to spot clear rotation opportunities! Why Pair Trading? Pair trading is a powerful way to manage a portfolio because it neutralizes market direction risk and focuses on relative value. By rotating between correlated assets, you can: Smooth out returns Avoid holding a weak asset too long Capture reversion when assets diverge too far This approach can enhance risk-adjusted returns and help keep your portfolio balanced and nimble! How to Pick Pairs: Choose assets with strong correlation or similar drivers. Look for common trends (sector, macro). Start with assets you know best (high-conviction ideas). Make sure both have good liquidity for reliable trading! TO HELP FIND CORRELATED ASSETS: Use the Correlation Coefficient indicator in TradingView: Click Indicators Search for “Correlation Coefficient” Add it to your chart Input the symbol of the second asset (e.g., if you’re on MSTR, input TSLA). This plots the rolling correlation coefficient — super helpful! Pair trading can turn big swings into steady rotations and help you stay active even when the market is choppy. It’s a simple, practical approach to keep your portfolio balanced.
Pine Script® indicator
by renderingnature1
ICT Directional FVG Indicator (Buffered SL)This is the first indicator I have ever made, and I am very new to Pine Script. I’ve tried my best to create this as a strategy, but I’m still learning, so please be kind and constructive with your feedback! ICT Directional FVG Indicator (Buffered SL) This indicator is designed for traders who follow ICT (Inner Circle Trader) concepts, focusing on Fair Value Gaps (FVGs), liquidity sweeps, and session-based trading. It automatically detects bullish and bearish FVGs, highlights them on the chart, and identifies liquidity sweep events. The indicator features three customizable Kill Zones (London, New York, and Asia sessions), each with independent toggles and color-coded backgrounds for clear visual separation. Key features: Fair Value Gap Detection: Highlights bullish and bearish FVGs in real time. Liquidity Sweep Alerts: Marks potential liquidity sweep events for both highs and lows. Session Kill Zones: Toggle each Kill Zone (London, New York, Asia) independently; background color changes only in enabled zones. Trade Signal Visualization: Plots entry, stop loss, and take profit levels based on FVG and sweep logic, with a user-defined stop loss buffer. Customizable Display: Easily enable or disable FVGs, sweeps, trade levels, and each Kill Zone to suit your strategy. This tool is ideal for ICT-based traders who want a clear, automated view of FVGs, sweeps, and session activity, with full control over which sessions and signals are displayed.
Pine Script® indicator
by mikescott10205
DWMY Opens (for aggr. charts) by Koenigsegg🟣 DWMY Opens (for Aggregated Charts) by Koenigsegg Revolutionary compatibility with aggregated charts – This indicator represents a significant breakthrough in displaying Daily, Weekly, Monthly, and Yearly opening levels on aggregated chart types where traditional DWMY indicators have historically failed to function properly. Complete aggregated chart support – Unlike previous Daily Weekly Monthly Yearly Opens indicators that experienced severe limitations when pulling data from non-standard chart types, this version is specifically engineered to work flawlessly with aggregated charts, range bars, Renko charts, Point & Figure charts, and all other non-time-based chart constructions. Persistent horizontal reference lines – The indicator draws four distinct horizontal lines representing the opening prices of the current Daily, Weekly, Monthly, and Yearly periods, extending these levels forward into future bars to provide clear reference points for key support and resistance analysis. Advanced customization capabilities – Features comprehensive user controls including custom label naming for each timeframe, adjustable line colors with independent color selection for Daily, Weekly, Monthly, and Yearly levels, configurable line width settings, and variable label font sizes ranging from tiny to huge. Dynamic label positioning system – Implements a sophisticated label placement mechanism with configurable tick offset positioning and fixed end-bars-ahead projection, ensuring labels remain visible and properly positioned regardless of chart zoom level or timeframe. Intelligent period detection logic – Utilizes advanced Pine Script time change detection algorithms specifically optimized for aggregated charts, accurately identifying new Daily, Weekly, Monthly, and Yearly periods even when traditional time-based functions fail on non-standard chart types. Performance-optimized architecture – Built with efficient persistent variable storage using the var keyword, minimizing computational overhead while maintaining real-time updates across all timeframe levels simultaneously. Professional visual presentation – Delivers clean, uncluttered chart visualization with strategically positioned labels that clearly identify each timeframe level without interfering with price action analysis. Universal market compatibility – Functions seamlessly across all asset classes including stocks, forex, cryptocurrencies, commodities, and indices, adapting automatically to different tick sizes and price scales through syminfo.mintick integration. Pine Script v6 foundation – Leverages the latest Pine Script version 6 capabilities, ensuring optimal performance, stability, and compatibility with current and future TradingView platform updates. This indicator solves a critical limitation that has long plagued traders using aggregated chart types, finally enabling reliable access to essential Daily, Weekly, Monthly, and Yearly opening levels that serve as fundamental support and resistance zones in technical analysis. The breakthrough lies in its ability to maintain accurate period detection and level plotting regardless of the underlying chart construction methodology. 🟣 How It Works Automatic period detection – The indicator continuously monitors for time changes across four distinct timeframes using ta.change(time()) functions for Daily and Weekly periods, month transitions for Monthly levels, and year changes for Yearly opens, ensuring precise identification of new period beginnings. Real-time level updates – When a new period is detected, the indicator captures the opening price at that exact moment and immediately establishes a horizontal line from that bar extending forward to a configurable number of bars ahead, creating persistent reference levels. Dynamic line management – Each timeframe maintains its own dedicated line object and label, with the indicator continuously updating the endpoint coordinates and label positions as new bars form, ensuring the levels always project the specified distance into the future. Intelligent label placement – Labels are positioned at the end of each line with automatic vertical offset based on the symbol’s minimum tick size, preventing overlap with price action while maintaining clear identification of each timeframe level. 🟣 Pro Tips for Optimal Usage Multi-timeframe confluence – Look for areas where multiple DWMY levels converge within close proximity, as these zones typically act as stronger support or resistance levels due to increased market participant attention at these psychological price points. Breakout confirmation strategy – When price breaks above or below a significant DWMY level with strong volume, the broken level often transforms into support (if broken upward) or resistance (if broken downward), providing excellent entry and exit reference points. Range trading opportunities – On ranging markets, use Daily and Weekly opens as potential reversal zones, especially when price approaches these levels during low-volume periods or near session opens when institutional activity increases. Timeframe alignment technique – For swing trading, prioritize trades that align with the direction of the break from Weekly or Monthly opens, while using Daily opens for precise entry timing and position management. Chart type optimization – This indicator excels on Renko, Range, and Point & Figure charts where traditional time-based DWMY indicators fail, making it invaluable for traders who prefer these aggregated chart types for cleaner price action analysis. Important Disclaimer: This indicator is provided for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any financial instrument. All trading involves risk, and past performance does not guarantee future results. Please conduct your own research and consult with a qualified financial advisor before making any trading decisions. The author is not responsible for any losses incurred from using this indicator.
Pine Script® indicator
by CryptoPandaTA
Bounce Zone📘 Bounce Zone – Indicator Description The "Bounce Zone" indicator is a custom tool designed to highlight potential reversal zones on the chart based on volume exhaustion and price structure. It identifies sequences of candles with low volume activity and marks key price levels that could act as "bounce zones", where price is likely to react. 🔍 How It Works Volume Analysis: The indicator calculates a Simple Moving Average (SMA) of volume (default: 20 periods). It looks for at least 6 consecutive candles (configurable) where the volume is below this volume SMA. Color Consistency: The candles must all be of the same color: Green candles (bullish) for potential downward bounce zones. Red candles (bearish) for potential upward bounce zones. Zone Detection: When a valid sequence is found: For green candles: it draws a horizontal line at the low of the last red candle before the sequence. For red candles: it draws a horizontal line at the high of the last green candle before the sequence. Bounce Tracking: Each horizontal line remains on the chart until it is touched twice by price (high or low depending on direction). After two touches, the line is automatically removed, indicating the zone has fulfilled its purpose. 📈 Use Cases Identify areas of price exhaustion after strong directional pushes. Spot liquidity zones where institutions might step in. Combine with candlestick confirmation for reversal trades. Useful in both trending and range-bound markets for entry or exit signals. ⚙️ Parameters min_consecutive: Minimum number of consecutive low-volume candles of the same color (default: 6). vol_ma_len: Length of the volume moving average (default: 20). 🧠 Notes The indicator does not repaint and is based purely on historical candle and volume structure. Designed for manual strategy confirmation or support for algorithmic setups.
Pine Script® indicator
by BullBearSR
HTF 3rd Weekly High/LowThis indicator plots horizontal lines for the high and low of a selected past weekly candle, allowing traders to visualize higher time frame (HTF) structure on lower time frame charts (e.g., 1H, 4H, etc.). Features: Custom Weekly Range Selection: Use the dropdown to choose which weekly candle to reference — from the current week (0) to up to five weeks back. Clean Horizontal Lines: High and low levels of the selected week are drawn as persistent horizontal lines. Automatic Text Labels: Labels like Week-3H and Week-3L are shown on the right side of the chart, matching the week selected. Customization: Line colors Line width and style (solid, dotted, dashed) Text label offset Automatic Refresh: Levels and labels are redrawn at the start of each new week to stay current with your selection.
Pine Script® indicator
by ryannb123
Volume Point of Control with Fib Based Profile🍀Description: This indicator is a comprehensive volume profile analysis tool designed to identify key price levels based on trading activity within user-defined timeframes. It plots the Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL), along with dynamically calculated Fibonacci levels derived from the developing period's range. It offers extensive customization for both historical and developing levels. 🍀Core Features: Volume Profiling (POC, VAH, VAL): Calculates and plots the POC (price level with the highest volume), VAH, and VAL for a selected timeframe (e.g., Daily, Weekly). The Value Area percentage is configurable. 70% is common on normal volume profiles, but this script allows you to configure multiple % levels via the fib levels. I recommend using 2 versions of this indicator on a chart, one has Value Area at 1 (100% - high and low of lookback) and the second is a specified VA area (i.e. 70%) like in the chart snapshot above. See examples at the bottom. Historical Levels: Plots POC, VAH, and VAL from previous completed periods. Optionally displays only "Unbroken" levels – historical levels that price has not yet revisited, which can act as stronger magnets or resistance/support. The user can manage the number of historical lines displayed to prevent chart clutter. Developing Levels: Shows the POC, VAH, and VAL as they form in real-time during the current, incomplete period. This provides insight into intraday/intra-period value migration. Dynamic Fibonacci Levels: Calculates and plots Fibonacci retracement/extension levels based dynamically on the range between the developing POC and the developing VAH/VAL. Offers 8 configurable % levels above and below POC that can be toggled on/off. Visual Customization: Extensive options for colors, line styles, and widths for all plotted levels. Optional gradient fill for the Value Area that visualizes current price distance from POC - option to invert the colors as well. Labels for developing levels and Fibonacci levels for easy identification. 🍀Characteristics: Volume-Driven: Levels are derived from actual trading volume, reflecting areas of high participation and price agreement/disagreement. Timeframe Specific: The results are entirely dependent on the chosen profile timeframe. Dynamic & Static Elements: Developing levels and Fibs update live, while historical levels remain fixed once their period closes. Lagging (Historical) & Potentially Leading: Historical levels are based on the past, but are often respected by future price action. Developing levels show current dynamics. 🍀How to Use It: Identifying Support & Resistance: Historical and developing POCs, VAHs, and VALs are often key areas where price may react. Unbroken levels are particularly noteworthy. Market Context & Sentiment: Trading above the POC suggests bullish strength/acceptance of higher prices, while trading below suggests bearishness/acceptance of lower prices. Entry/Exit Zones: Interactions with these levels (rejections, breakouts, tests) can provide potential entry or exit signals, especially when confirming with other analysis methods. Dynamic Targets: The Fibonacci levels calculated from the developing POC-VA range offer potential intraday/intra-period price targets or areas of interest. Understanding Value Migration: Observing the movement of the developing POC/VAH/VAL throughout the period reveals where value is currently being established. 🍀Potential Drawbacks: Input Sensitivity: The choice of timeframe, Value Area percentage, and volume resolution heavily influences the generated levels. Experimentation is needed for optimal settings per instrument/market. (I've found that Range Charts can provide very accurate volume levels on TV since the time element is removed. This helps to refine the accuracy of price levels with high volume.) Volume Data Dependency: Requires accurate volume data. May be less reliable on instruments with sparse or questionable volume reporting. Chart Clutter: Enabling all features simultaneously can make the chart busy. Utilize the line management inputs and toggle features as needed. Not a Standalone Strategy: This indicator provides context and key levels. It should be used alongside other technical analysis tools and price action reading for robust decision-making. Developing Level Fluctuation: Developing POC/VA/Fib levels can shift considerably, especially early in a new period, before settling down as more volume accumulates and time passes. 🍀Recommendations/Examples: I recommend have this indicator on your chart twice, one has the VA set at 1 (100%) and has the fib levels plotted. The second has the VA set to 0.7 (70%) to highlight the defined VA. Here is an example with 3 on a chart. VA of 100%, VA of 80%, and VA of 20%
Pine Script® indicator
by ShamrockShane
2
Previous Two Days HL + Asia H/L + 4H Vertical Lines📊 Indicator Overview This custom TradingView indicator visually marks key market structure levels and session data on your chart using lines, labels, boxes, and vertical guides. It is designed for traders who analyze intraday and multi-session behavior — especially around the New York and Asia sessions — with a focus on 4-hour price ranges. 🔍 What the Indicator Tracks 1. Previous Two Days' Ranges (6PM–5PM NY Time) PDH/PDL (Day 1 & Day 2): Draws horizontal lines marking the previous two trading days’ highs and lows. Midlines: Calculates and displays the midpoint between each day’s high and low. Color-Coded: Uses strong colors for Day 1 and more transparent versions for Day 2, to help differentiate them. 2. Asia Session High/Low (6 PM – 2 AM NY Time) Automatically tracks the high and low during the Asia session. Extends these levels until the following day’s NY close (4 PM). Shows a midline of the Asia session (optional dotted line). Highlights the Asia session background in gray. Labels Asia High and Low on the chart for easy reference. 3. Last Closed 4-Hour Candle Range At the start of every new 4H candle, it: Draws a box from the last closed 4H candle. Box spans horizontally across a set number of bars (adjustable). Top and bottom lines indicate the high and low of that 4H candle. Midline, 25% (Q1) and 75% (Q3) levels are also drawn inside the box using dotted lines. Helps traders identify premium/discount zones within the previous 4H range. 4. Vertical 4H Time Markers Draws vertical dashed lines to mark the start and end of the last 4H candle range. Based on the standard 4H bar timing in NY (e.g. 5:00, 9:00, 13:00, 17:00). ⚙️ Inputs & Options Line thickness, color customization for all levels. Option to place labels on the right or left side of the chart. Toggle for enabling/disabling the 4H box. Adjustable box extension length (how far to extend the range visually). ✅ Ideal Use Cases Identifying reaction zones from prior highs/lows. Spotting reversals during Asia or NY session opens. Trading intraday setups based on 4H structure. Anchoring scalping or swing entries off major session levels.
Pine Script® indicator
by barton_evan
Zero Lag Trend Strategy (MTF) [AlgoAlpha]# Zero Lag Trend Strategy (MTF) - Complete Guide ## Overview The Zero Lag Trend Strategy is a sophisticated trading system that combines zero-lag exponential moving averages with volatility bands and EMA-based entry/exit filtering. This strategy is designed to capture trending movements while minimizing false signals through multiple confirmation layers. ## Core Components ### 1. Zero Lag EMA (ZLEMA) - **Purpose**: Primary trend identification with reduced lag - **Calculation**: Uses a modified EMA that compensates for inherent lag by incorporating price momentum - **Formula**: `EMA(price + (price - price ), length)` where lag = (length-1)/2 - **Default Length**: 70 periods (adjustable) ### 2. Volatility Bands - **Purpose**: Define trend strength and entry/exit zones - **Calculation**: Based on ATR (Average True Range) multiplied by a user-defined multiplier - **Upper Band**: ZLEMA + (ATR * multiplier) - **Lower Band**: ZLEMA - (ATR * multiplier) - **Default Multiplier**: 1.2 (adjustable) ### 3. EMA Filter/Exit System - **Purpose**: Entry filtering and exit signal generation - **Default Length**: 9 periods (fully customizable) - **Color**: Blue line on chart - **Function**: Prevents counter-trend entries and provides clean exit signals ## Entry Logic ### Long Entry Conditions 1. **Primary Signal**: Price crosses above the upper volatility band (strong bullish momentum) 2. **Additional Entries**: Price crosses above ZLEMA while already in an uptrend (if enabled) 3. **EMA Filter**: Price must be above the EMA filter line 4. **Confirmation**: All conditions must align simultaneously ### Short Entry Conditions 1. **Primary Signal**: Price crosses below the lower volatility band (strong bearish momentum) 2. **Additional Entries**: Price crosses below ZLEMA while already in a downtrend (if enabled) 3. **EMA Filter**: Price must be below the EMA filter line 4. **Confirmation**: All conditions must align simultaneously ## Exit Logic **Simple and Clean**: Positions are closed when price crosses the EMA filter line in the opposite direction: - **Long Exit**: Price crosses below the EMA filter - **Short Exit**: Price crosses above the EMA filter ## Multi-Timeframe Analysis The strategy includes a real-time table showing trend direction across 5 different timeframes: - Default timeframes: 5m, 15m, 1h, 4h, 1D (all customizable) - Color-coded signals: Green for bullish, Red for bearish - Helps confirm overall market direction before taking trades ## Key Parameters ### Main Calculations - **Length (70)**: Zero-lag EMA calculation period - **Band Multiplier (1.2)**: Controls volatility band width ### Strategy Settings - **Enable Additional Trend Entries**: Allow multiple entries during strong trends - **EMA Exit Length (9)**: Period for the entry filter and exit EMA ### Timeframes - **5 customizable timeframes** for multi-timeframe trend analysis ### Appearance - **Bullish Color**: Default green (#00ffbb) - **Bearish Color**: Default red (#ff1100) ## Visual Elements ### Chart Display - **ZLEMA Line**: Color-coded trend line (green/red based on trend direction) - **Volatility Bands**: Dynamic upper/lower bands that appear based on trend - **EMA Filter**: Blue line for entry filtering and exits - **Entry Signals**: - Large arrows (▲▼) for primary trend signals - Small arrows for additional trend entries - Tiny letters (L/S) for actual strategy entries ### Information Table - **Position**: Top-right corner - **Content**: Real-time trend status across all configured timeframes - **Updates**: Continuously updated with current market conditions ## Strategy Advantages ### Trend Following Excellence - Captures strong trending moves with reduced whipsaws - Multiple confirmation layers prevent false entries - Dynamic bands adapt to market volatility ### Risk Management - Clear, objective exit rules - EMA filter prevents counter-trend trades - Multi-timeframe confirmation reduces bad trades ### Flexibility - Fully customizable parameters - Works across different timeframes and instruments - Optional additional trend entries for maximum profit potential ### Visual Clarity - Clean, professional chart display - Easy-to-read signals and trends - Comprehensive multi-timeframe overview ## Best Practices ### Parameter Optimization - **Length**: Higher values (50-100) for longer-term trends, lower values (20-50) for shorter-term - **Band Multiplier**: Higher values (1.5-2.0) reduce signals but increase quality - **EMA Length**: Shorter periods (5-13) for quick exits, longer periods (20-50) for trend riding ### Market Conditions - **Trending Markets**: Enable additional trend entries for maximum profit - **Choppy Markets**: Use higher band multiplier and longer EMA for fewer, higher-quality signals - **Different Timeframes**: Adjust all parameters proportionally when changing chart timeframes ### Multi-Timeframe Usage - Align trades with higher timeframe trends - Use lower timeframes for precise entry timing - Avoid trades when timeframes show conflicting signals ## Risk Considerations - Like all trend-following strategies, may struggle in ranging/choppy markets - EMA exit system prioritizes trend continuation over quick profit-taking - Multiple timeframe analysis requires careful interpretation - Backtesting recommended before live trading with any parameter changes ## Conclusion The Zero Lag Trend Strategy provides a comprehensive approach to trend trading with built-in risk management and multi-timeframe analysis. Its combination of advanced technical indicators, clear entry/exit rules, and customizable parameters makes it suitable for both novice and experienced traders seeking to capture trending market movements.
Pine Script® strategy
by M4ndoo