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Pivot points and levels

Breaks and Retests with Volatility Stop [HG]The "Breaks and Retests with Volatility Stop " indicator is a powerful tool designed to assist traders in identifying key support and resistance levels, breakouts, retests, and potential trend reversals. This indicator combines two essential components: support and resistance detection, and a Volatility Stop indicator for improved risk management. Below are the key features of this indicator: **Support and Resistance Detection:** - **Lookback Range:** Users can customize the lookback range, determining how many bars are considered when identifying support and resistance levels. This allows for flexibility in capturing short-term or longer-term levels. - **Bars Since Breakout:** The indicator helps traders spot retests by allowing them to specify the number of bars that should occur since a breakout before considering it a potential retest. - **Retest Detection Limiter:** Traders can set a limit on how many bars should be actively checked during a potential retest event. This feature prevents retest alerts from occurring too late, ensuring more accurate results. - **Breakouts and Retests:** Users can choose to display or hide breakout and retest events separately, tailoring the indicator to their specific trading strategy. - **Repainting Options:** The indicator offers three repainting options: "On," "Off: Candle Confirmation," and "Off: High & Low." This provides flexibility in choosing the repainting behavior that suits your trading style. **Styling Options:** - **Outline and Extend:** Traders can customize the appearance of support and resistance boxes by selecting outline styles and extension preferences. - **Label Types and Sizes:** The indicator offers two label types, "Full" and "Simple," allowing traders to choose the level of detail displayed on the chart. Additionally, users can adjust the label size for better visibility. - **Customizable Colors:** Support and resistance levels can be color-coded to match your preferred charting style, enhancing visibility and clarity. - **Override Text Color:** If desired, traders can override the text color for labels, providing further customization of the indicator's appearance. **Alerts and Notifications:** - The indicator generates various alerts and notifications to keep traders informed about critical market events, including: - New Support and Resistance Levels - Support and Resistance Breakouts - Support and Resistance Retests - Potential Support and Resistance Retests **Volatility Stop Indicator:** - The "Breaks and Retests with Volatility Stop " indicator also includes a Volatility Stop component, which helps traders manage risk by indicating potential stop-loss levels based on market volatility. The Volatility Stop is color-coded to reflect the current trend direction, making it easy to identify potential trend reversals. In summary, this TradingView indicator is a comprehensive tool designed to enhance your technical analysis and trading decisions. It provides support and resistance levels, breakout and retest alerts, and incorporates a Volatility Stop indicator for risk management, making it a valuable addition to any trader's toolkit.
Pine Script™ indicator
by str0zzapreti
36
Histogram-based price zonesThis indicator provides a new approach to creating price zones that can be used as support and resistance. The approach does not use pivot points or Fibonacci levels. Instead, it uses the frequency of occurence of local maxima and minima to determine zones of interest where price often changed direction. The algorithm is as follows: - Gather price data from the last Lookback trading periods - Calculate rolling minima and rolling maxima along the price points with window size Window size - Build a histogram from the rolling extrema which are binned into different zones. The number of bins and therefore the width of a zone can be adjusted with the parameter Zone width factor - Select only the top fullest bins. The number of bins selected for plotting can be controlled with Zone multiplier The result are a number of boxes that appear on the chart which mark levels of interest to watch for. You can combine multiple instances of this indicator on different settings to find zones that are very relevant. Shown as an example is the Nasdaq 100 futures ( NQ1! ) on the D timeframe with levels built from the last 100 periods with default settings. The boxes are the only output of the indicator, no signals are created.
Pine Script™ indicator
by jhmnk89
2
Swing based support and resistanceThis indicator provided here is for identifying swing-based support and resistance levels. It uses two swing lengths, which can be adjusted by the user, to identify swings in the price data. For each swing length, the script calculates the support level as the low of the swing if the trend is up, or the high of the swing if the trend is down. It then plots the support and resistance levels on the chart, along with buy and sell signals. The buy and sell signals are generated by comparing the current closing price to the support and resistance levels. If the closing price is above the support level, the script plots a buy signal. If the closing price is below the level, the script plots a sell signal. To use the script, you would first need to add it to your trading platform. Once it is added, you can configure the swing lengths and other parameters to suit your trading style. You can then apply the script to a chart and begin using the support and resistance levels and buy and sell signals to make trading decisions. Points to be noted while using the indicator: # The script is designed to be used on a daily chart. However, you can also use it on other timeframes, such as weekly or monthly charts. # The swing lengths that you choose will depend on your trading style. If you are a swing trader, you may want to use longer swing lengths. If you are a day trader, you may want to use shorter swing lengths. # Remember, the support and resistance levels generated by the script are not exact price points. They are rather zones where demand and supply can change. Therefore, you should always use other technical analysis tools and indicators to confirm your trading decisions. # Overall, the script is a useful tool for identifying swing-based support and resistance levels. It can be used by traders of all experience levels to generate trading ideas and improve their trading performance. To use the swing-based support and resistance indicator with respect to price, you can follow these steps: => Identify the support and resistance levels that have been generated by the indicator. => Look for price action that is taking place near these levels. => If the price is above the level, look for bullish reversals or continuations. => If the price is below the level, look for bearish reversals or continuations. For Example, => Bullish reversal: The price is above the level and forms a bullish candlestick pattern, such as a bullish hammer or engulfing pattern. => Bullish continuation: The price is above the level and bounces off of the level. => Bearish reversal: The price is below the level and forms a bearish candlestick pattern, such as a bearish hammer or engulfing pattern. => Bearish continuation: The price is below the level and rejects the level. $$ You can also use the indicator to identify potential trading entry and exit points. For example, you could enter a long trade when the price breaks above a resistance level and exit the trade when the price retraces to the resistance level. Or, you could enter a short trade when the price breaks below a support level and exit the trade when the price rallies to the support level. This swing-based support and resistance indicator is just one tool that you can use to trade. You should always use other technical analysis tools and indicators, such as price action and trend analysis, to confirm your trading decisions. Additionally: => Be aware of the overall trend direction. If the trend is up, you should be looking for bullish reversals or continuations. If the trend is down, you should be looking for bearish reversals or continuations. => Use a stop loss order to limit your risk on each trade. => Consider using a position sizing strategy to manage your risk. => Do your own research and backtest any trading strategy before using it in a live trading environment. Follow us for timely updates regarding future indicators and give it a like if you appreciate the indicator.
Pine Script™ indicator
by InvestyourAsset
4
Sebastine Gap DetectorIntroducing Sebastine Gap Detector Indicator v5, a useful tool designed to enhance your trading experience by helping you identify and monitor gap openings. This indicator is a convenient addition to your trading toolkit, assisting you in staying vigilant and making informed decisions as gaps tend to get filled during the trading day. Key Features: 1. Gap Detection: Sebastine Gap Detector automatically identifies and marks gap openings on your price chart. It visually highlights these price gaps, making them easily recognizable. 2. Horizontal Lines: Once a gap is detected, the indicator draws horizontal lines extending across the trading day. These lines serve as a constant reminder of the gap's existence, helping you stay focused on potential price movements. 3. Customizable Parameters: Tailor the indicator to your trading style with customizable parameters, including gap size tolerance and line style preferences. This flexibility allows you to adapt the tool to different trading strategies and asset classes. How to Use: 1. Select the Indicator: Simply add the Gap Detection Indicator to your chart, and it will automatically start identifying gaps. 2. Customize Your Settings: Adjust the indicator settings to match your trading preferences. You can set the gap size tolerance and choose the line style that suits your chart. 3. Stay Informed: Keep an eye on the horizontal lines drawn by the indicator throughout the trading day. These lines serve as a visual aid, reminding you of the gap and helping you make informed trading decisions. Gap openings in financial markets can present both opportunities and risks for traders. Gaps are often seen as areas where price tends to revisit, making them attractive for potential trading setups. However, they can also signify sudden market shifts, requiring cautious analysis. Sebastine Gap Detector aims to empower traders by providing a clear visualization of gaps and their subsequent movements. By keeping you informed about gap openings and potential gap fills, it enhances your ability to make strategic trading decisions.
Pine Script™ indicator
by sebastinecc
1
Volumetric Toolkit [LuxAlgo]The Volumetric Toolkit is a complete and comprehensive set of tools that display price action-related analysis methods from volume data. A total of 4 features are included within the toolkit. Symbols that do not include volume data will not be supported by the script. 🔶 USAGE The volumetric toolkit puts a heavy focus on price action, returning support/resistance levels, ranges, volume divergences...etc. The main premise between each feature is that volume has a direct relationship with market participants level of interest over a specific symbol, and that this interest is not constant over time. Each individual feature is detailed below. 🔹 Ranges Of Interest The Ranges Of Interest construct a range from a surge of high liquidity in the market. This range is constructed from the price high and price low of the candle with the associated significant liquidity. The returned extremities can be used as support and resistance, with breakouts often being accompanied by significant liquidity as well, suggesting potential trend continuations. The length setting associated with this feature determines how sensitive the range detection algorithm is to volume, with higher values requiring more significant volume in order to display a new range. 🔹 Impulses Impulses highlight times when volume makes a new higher high while the price makes a new higher high or lower low, suggesting increased market participation. When this occurs when the price makes a new higher high the impulse is considered bullish (green), if the price makes a new lower low the impulse is bearish (red). Impulses occurring within an established trend opposite to it (e.g a bearish impulse on an uptrend) might be indicative of reversals. The length setting works similarly to the previously described ranges of interest, with higher values requiring longer-term volume higher high and price higher high/lower low, highlighting more significant impulse and potentially longer-term reversals. 🔹 Levels Of Interest Levels of interest display price levels of significant trading activity, contrary to the range of interest only the closing price is taken into account, also volume peaks are used to detect significant trading activity. Note that this feature is subject to backpainting, that is lines are set retrospectively. Users can determine the amount of most recent levels to display on the chart. These can be used as classical support/resistances. 🔹 Volume Divergence We define volume divergence as a decreased market participation while a trend is still developing. More precisely volume divergences are highlighted if volume makes a lower high while price is making a new higher high/lower low. This can be indicative of a lack of further participation in the current trend, indicating a potential reversal. Using higher length values will return longer-term divergences. Note that this feature is subject to backpainting, that is lines are set retrospectively. 🔶 SETTINGS 🔹 Ranges Of Interest Show Ranges Of Interest: Display Ranges Of Interest. Length: Ranges Of Interest sensitivity to volume. 🔹 Impulses Show Impulses: Display Ranges Of Interest. Length: Impulses sensitivity to volume. 🔹 Levels Of Interest Show: Determine if Levels Of Interest are displayed, and how many from the most recent. Length: Level detection sensitivity to volume. 🔹 Volume Divergences Show Divergences: Determine if Volume Divergences are displayed. Length: Period for the detection of price tops/bottoms and volume peaks.
Pine Script™ indicator
by LuxAlgo
6
Long-Only Opening Range Breakout (ORB) with Pivot PointsIntraday Trading Strategy: Long-Only Opening Range Breakout (ORB) with Pivot Points Background: Opening Range Breakout (ORB) is a popular long-only trading strategy that capitalizes on the early morning volatility in financial markets. It's based on the idea that the initial price movements during the first few minutes or hours of the trading day can set the tone for the rest of the session. The strategy involves identifying a price range within which the asset trades during the opening period and then taking long positions when the price breaks out to the upside of this range. Pivot Points are a widely used technical indicator in trading. They represent potential support and resistance levels based on the previous day's price action. Pivot points are calculated using the previous day's high, low, and close prices and can help traders identify key price levels for making trading decisions. How to Use the Script: Initialization: This script is written in Pine Script, a domain-specific language for trading strategies on the TradingView platform. To use this script, you need to have access to TradingView. Apply the Script: You can do this by adding it to your favorites, then selecting the script in the indicators list under favorites or by searching for it by name under community scripts. Customize Settings: The script allows you to customize various settings through the TradingView interface. These settings include: Opening Session: You can set the time frame for the opening session. Max Trades per Day: Specify the maximum number of long trades allowed per trading day. Initial Stop Loss Type: Choose between using a percentage-based stop loss or the previous candles low for stop loss calculations. Stop Loss Percentage: If you select the percentage-based stop loss, specify the percentage of the entry price for the stop loss. Backtesting Start and End Time: Set the time frame for backtesting the strategy. Strategy Signals: The script will display pivot points in blue (R1, R2, R3, R4, R5) and half-pivot points in gray (R0.5, R1.5, R2.5, R3.5, R4.5) on your chart. The green line represents the opening range. The script generates long (buy) signals based on specific conditions: ---The open price is below the opening range high (h). ---The current high price is above the opening range high. ---Pivot point R1 is above the opening range high. ---It's a long-only strategy designed to capture upside breakouts. ---It also respects the maximum number of long trades per day. The script manages long positions, calculates stop losses, and adjusts long positions according to the defined rules. Trailing Stop Mechanism The script incorporates a dynamic trailing stop mechanism designed to protect and maximize profits for long positions. Here's how it works: 1. Initialization: The script allows you to choose between two types of initial stop loss: ---Percentage-based: This option sets the initial stop loss as a percentage of the entry price. ---Previous day's low: This option sets the initial stop loss at the previous day's low. 2. Setting the Initial Stop Loss (`sl_long0`): The initial stop loss (`sl_long0`) is calculated based on the chosen method: ---If "Percentage" is selected, it calculates the stop loss as a percentage of the entry price. ---If "Previous Low" is selected, it sets the stop loss at the previous day's low. 3. Dynamic Trailing Stop (`trail_long`): The script then monitors price movements and uses a dynamic trailing stop mechanism (`trail_long`) to adjust the stop loss level for long positions. If the current high price rises above certain pivot point levels, the trailing stop is adjusted upwards to lock in profits. The trailing stop levels are calculated based on pivot points (`r1`, `r2`, `r3`, etc.) and half-pivot points (`r0.5`, `r1.5`, `r2.5`, etc.). The script checks if the high price surpasses these levels and, if so, updates the trailing stop accordingly. This dynamic trailing stop allows traders to secure profits while giving the position room to potentially capture additional gains. 4. Final Stop Loss (`sl_long`): The script calculates the final stop loss level (`sl_long`) based on the following logic: ---If no position is open (`pos == 0`), the stop loss is set to zero, indicating there is no active stop loss. ---If a position is open (`pos == 1`), the script calculates the maximum of the initial stop loss (`sl_long0`) and the dynamic trailing stop (`trail_long`). ---This ensures that the stop loss is always set to the more conservative of the two values to protect profits. 5. Plotting the Stop Loss: The script plots the stop loss level on the chart using the `plot` function. It will only display the stop loss level if there is an open position (`pos == 1`) and it's not a new trading day (`not newday`). The stop loss level is shown in red on the chart. By combining an initial stop loss with a dynamic trailing stop based on pivot points and half-pivot points, the script aims to provide a comprehensive risk management mechanism for long positions. This allows traders to lock in profits as the price moves in their favor while maintaining a safeguard against adverse price movements. End of Day (EOD) Exit: The script includes an "End of Day" (EOD) exit mechanism to automatically close any open positions at the end of the trading day. This feature is designed to manage and control positions when the trading day comes to a close. Here's how it works: 1. Initialization: At the beginning of each trading day, the script identifies a new trading day using the `is_newbar('D')` condition. When a new trading day begins, the `newday` variable becomes `true`, indicating the start of a new trading session. 2. Plotting the "End of Day" Signal: The script includes a plot on the chart to visually represent the "End of Day" signal. This is done using the `plot` function. The plot is labeled "DayEnd" and is displayed as a comment on the chart. It signifies the EOD point. 3. EOD Exit Condition: When the script detects that a new trading day has started (`newday == true`), it triggers the EOD exit condition. At this point, the script proceeds to close all open positions that may have been active during the trading day. 4. Closing Open Positions: The `strategy.close_all` function is used to close all open positions when the EOD exit condition is met. This function ensures that any remaining long positions are exited, regardless of their current profit or loss. The function also includes an `alert_message`, which can be customized to send an alert or notification when positions are closed at EOD. Purpose of EOD Exit The "End of Day" exit mechanism serves several essential purposes in the trading strategy: Risk Management: It helps manage risk by ensuring that positions are not left open overnight when markets can experience increased volatility. Capital Preservation: Closing positions at EOD can help preserve trading capital by avoiding potential adverse overnight price movements. Rule-Based Exit: The EOD exit is rule-based and automatic, ensuring that it is consistently applied without emotions or manual intervention. Scalability: It allows the strategy to be applied to various markets and timeframes where EOD exits may be appropriate. By incorporating an EOD exit mechanism, the script provides a comprehensive approach to managing positions, taking profits, and minimizing risk as each trading day concludes. This can be especially important in volatile markets like cryptocurrencies, where overnight price swings can be significant. Backtesting: The script includes a backtesting feature that allows you to test the strategy's performance over historical data. Set the start and end times for backtesting to see how the long-only strategy would have performed in the past. Trade Execution: If you choose to use this script for live trading, make sure you understand the risks involved. It's essential to set up proper risk management, including position sizing and stop loss orders. Monitoring: Monitor the long-only strategy's performance over time and be prepared to make adjustments as market conditions change. Disclaimer: Trading carries a risk of capital loss. This script is provided for educational purposes and as a starting point for your own long-only strategy development. Always do your own research and consider seeking advice from a qualified financial professional before making trading decisions.
Pine Script™ strategy
by VolumeVigilante
EQ LEVELS / EquilibriumWhat is it, How to use it, How to adjust the settings? What Calculates EQ Level? What is it? EQ, Equilibrium, In the money market, the term "equilibrium" or "equilibrium" refers to the point at which supply and demand are equalised. At this point, money supply and money demand meet each other and interest rates stabilise at a certain level. Equilibrium in the money market reflects the overall financial balance in the economy According to What Calculates the EQ Level? Normally, there may be many different alternatives to this, but I have printed the result on the screen by adding the highest and lowest levels of the prices and averaging them to think of a simple solution. How to use it? I have added 4 timeframes for both long-term investors and traders to use. If you want to use which timeframe, you can select the timeframe you want from the settings and see it on the chart. For those who want to trade, my suggestion is to follow the daily eq levels and of course look at the weekly eq levels. The weekly eq level can give you an idea of what kind of price range the next day may be in. How to Make Settings? When you first add the indicator to the chart, it draws a line. You change it to a circle or plus in the settings, it will look like the picture I shared. I also share open source code and can make changes in the code. Nedir?, Nasıl Kullanılır?, Ayarları Nasıl Yapılır? EQ Seviyesini Neye Göre Hesaplar? Nedir?: EQ yani Equilibrium, Para piyasasında "denge" veya "equilibrium" terimi, arz ve talebin eşitlendiği noktayı ifade eder. Bu noktada, para arzı ile para talebi birbirini karşılar ve faiz oranları belirli bir seviyede dengelenir. Para piyasasındaki denge, ekonomideki genel finansal dengeyi yansıtır EQ Seviyesini Neye Göre Hesaplar? Normalde bunun farlı bir çok alternatifi olabilir ama ben biraz basit bir çözüm düşünmek için fiyatların en yüksek ve en düşük seviyelerini toplayarak ve ortalamasını alarak çıka sonucu ekrana yazdırdım. Nasıl Kullanılır? Hem uzun vadeli yatırım yapanlar hem de trade yapanların kullanabilmesi için 4 zaman dilimi ekledim. Hangi zaman dilimini kullanmak istiyorsanız ayarlardan istediniz zaman dilimini seçip onu grafikte görebilirsiniz. Trade yapmak isteyenler için önerim günlük eq seviyelerini takip etmeleri ve tabiki haftalık eq seviyelerine bakın. Haftalık eq seviyesi size bir sonra ki günün nasıl bir fiyat aralığı içerisinde olabileceği konusunda fikir verebilir. Ayarları Nasıl Yapılır? Grafiğe indikatörü ilk eklediğiniz de çizgi çizdirir. Siz ayarlardan onu daire veya artı olarak değiştirin benim paylaştığım resimde ki gibi görünecektir. Ayrıca açık kaynak kodlu paylaşıyorum isteyen kod içerisinde değişiklikler yapabilir.
Pine Script™ indicator
by xenit0
Divergences RefurbishedJust as "a butterfly can flap its wings over a flower in China and cause a hurricane in the Caribbean" (Edward Lorenz), small divergences in markets can signal big trading opportunities. █Introduction This is a script forked from LonesomeTheBlue's Divergence for Many Indicators v4. It is a script that checks for divergence between price and many indicators. In this version, I added more indicators and also added 40 symbols to check for divergences. More info on the original script can be found here: █ Improvements The following improvements have been implemented over v4: 1. Added parameters to customize indicators. 2. Added new indicators: - Stoch RSI - Volume Oscillator - PVT (Price Volume Trend) - Ultimate Oscillator - Fisher Transform - Z-Score/T-Score 3. Now there is the possibility of using 2 external indicators. 4. New option to show tooltips inside labels. This allows you to save space on the screen if you choose the option to only show the number of divergences or just the abbreviations. 5. New option to show additional text next to the indicator name. This allows for grouping of indicators and symbols and better visualization, whether through emojis, for example. 6. Added 40 customizable symbols to check for divergences. 7. Option "show only the first letter" of the indicator replaced by: "show the abbreviation of the indicator". Reason: the indicator abbreviation is more informative and easier to read. 8. Script converted to PineScript version 5. █ CONCEPTS Below I present a brief description of the available indicators. 1. Moving Average Convergence/Divergence (MACD): Shows the difference between short-term and long-term exponential moving averages. 2. MACD Histogram: Shows the difference between MACD and its signal line. 3. Relative Strength Index (RSI): Measures the relative strength of recent price gains to recent price losses of an asset. 4. Stochastic Oscillator (Stoch): Compares the current price of an asset to its price range over a specified time period. 5. Stoch RSI: Stochastic of RSI. 6. Commodity Channel Index (CCI): Measures the relationship between an asset's current price and its moving average. 7. Momentum: Shows the difference between the current price and the price a few periods ago. Shows the difference between the current price and the price of a certain period in the past. 8. Chaikin Money Flow (CMF): A variation of A/D that takes into account the daily price variation and weighs trading volume accordingly. Accumulation/Distribution (A/D) identifies buying and selling pressure by tracking the flow of money into and out of an asset based on volume patterns. 9. On-Balance Volume (OBV): Identify divergences between trading volume and an asset's price. Sum of trading volume when the price rises and subtracts volume when the price falls. 10. Money Flow Index (MFI): Measures volume pressure in a range of 0 to 100. Calculates the ratio of volume when the price goes up and when the price goes down. 11. Volume Oscillator (VO): Identify divergences between trading volume and an asset's price. Ratio of change of volume, from a fast period in relation to a long period. 12. Price-Volume Trend (PVT): Identify the strength of an asset's price trend based on its trading volume. Cumulative change in price with volume factor. The PVT calculation is similar to the OBV calculation, but it takes into account the percentage price change multiplied by the current volume, plus the previous PVT value. 13. Ultimate Oscillator (UO): Combines three different time periods to help identify possible reversal points. 14. Fisher Transform (FT): Normalize prices into a Gaussian normal distribution. 15. Z-Score/T-Score: Shows the difference between the current price and the price a few periods ago. I is a statistical measurement that indicates how many standard deviations a data point is from the mean of a data set. When to use t-score instead of z-score? When the sample size is small (length < 30). Here, the use of z-score or t-score is chosen automatically based on the length parameter. █ What to look for The operation is simple. The script checks for divergences between the price and the selected indicators. Now with the possibility of using multiple symbols, it is possible to check divergences between different assets. A well-described view on divergences can be found in this cheat sheet: ◈ Examples with SPY ETF versus indicators: 1. Regular bullish divergence with external indicator: 1. Regular bearish divergence with Fisher Transform: 1. Positive hidden divergence with Momentum indicator: 1. Negative hidden divergence with RSI: ◈ Examples with SPY ETF versus other symbols: 1. Regular bearish divergence with European Stoch Market: 2. Regular bearish divergence with DXY inverted: 3. Regular bullish divergence with Taiwan Dollar: 4. Regular bearish divergence with US10Y (10-Year US Treasury Note): 5. Regular bullish divergence with QQQ ETF (Nasdaq 100): 6. Regular bullish divergence with ARKK ETF (ARK Innovation): 7.Positive hidden divergence with RSP ETF (S&P 500 Equal Weight): 8. Negative hidden divergence with EWZ ETF (Brazil): ◈ Examples with BTCUSD versus other symbols: 1. Regular bearish divergence with BTCUSDLONGS from Bitfinex: 2. Regular bearish divergence with BLOK ETF (Amplify Transformational Data Sharing): 3. Negative hidden divergence with NATGAS (Natural Gas): 4. Positive hidden divergence with TOTALDEFI (Total DeFi Market Cap): █ Conclusion The symbols available to check divergences were chosen in such a way as to cover the main markets, in the most generic way possible. You can adjust them according to your needs. A trader in the American market, for example, could add more ETFs, American stocks, and sectoral indices, such as the XLF (Financial Select Sector SPDR Fund), the XLK (Technology Select Sector SPDR), etc. On the other hand, a cryptocurrency trader could add more currency pairs and sector indicators, such as BTCUSDSHORTS (Bitfinex), USDT.D (Tether Dominance), etc. If the chart becomes too cluttered, you can use the option to show only the number of divergences or only the indicator abbreviations. Or even disable certain indicators and symbols, if they are not of interest to you. I hope this script is useful. Don't forget to support LonesomeTheBlue's work too.
Pine Script™ indicator
by andre_007
53
Fibonacci TradingFibonacci Trading This simple script draw Fibonacci Retracement to define pullback level and draw Fibonacci Extension to define target level of a upward wave or doward wave 1. Upward wave 1.1 Fibonacci Retracement + Fibonacci Retracement measuare from support to nearest resistance on the right. + Retracement Level 0 named as "Breake Even" + Retracement Level 100 named as "Long Invalidation" + Retracement Level 50 and 61.8 is ploted as blue line + The zone between Retracement Level 50 and 100 is filled by blue color and named as "Buy zone" 1.2 Fibonacci Extension + Fibonacci Extension measuare from Retracement Level 61.8 to Retracement Level 0 + Fibonacci Extension Level 161.8 named as "Tp1 (Target point 1)" + Fibonacci Extension Level 261.8 named as "Tp2 (Target point 2)" 2. Doward wave 2.1 Fibonacci Retracement + Fibonacci Retracement measuare from resistance to nearest support on the right. + Retracement Level 0 named as "Breake Even" + Retracement Level 100 named as "Short Invalidation" + Retracement Level 50 and 61.8 is ploted as red line + The zone between Retracement Level 50 and 100 is filled by red color and named as "Sell zone" 2.2 Fibonacci Extension + Fibonacci Extension measuare from Retracement Level 61.8 to Retracement Level 0 + Fibonacci Extension Level 161.8 named as "Tp1 (Target point 1)" + Fibonacci Extension Level 261.8 named as "Tp2 (Target point 2)" 3. Trading Setup 3.1 Long Only: Only display Fibonacci of Upward wave 3.2 Short Only: Only display Fibonacci of Doward wave 3.3 Both: Display both Fibonacci of Upward wave and Doward wave
Pine Script™ indicator
by inno14
19
Nitin Swing TradingThis is a CPR which indicates pivot points based on monthly price action. The Orange line acts as a resistance area, blue lines act as pivot point/CPR and green one is support. One can study retrospective chart to analyse how market has respected these Support and Resistance levels. A guide on how to trade using this indicator? 1. If you see the resistance is broken after multiple attempt - We can Go Long 2.If you see price going down below CPR, We can Go Short 3.If you see price taking support at support level - We can Go Long. Risk reward should always be 1:1 then gradually increase it to 1:2 & 1:3 It is advised to consult with your financial advisor before taking any trade just based on any indicator. You have to manage risk before entering any trade.
Pine Script™ indicator
by ShareTrading_
Psychological Support/Resistence [BigBeluga]The Psychological Support/Resistance indicator aims to provide the user with hypothetical support and resistance zones that are likely to provoke a strong reaction in price, either in both directions, providing good bouncing zones or significant movements once those levels are breached. 🔶 CALCULATION The script takes into consideration the total number of sequential candles moving in the same direction, as determined by the user's settings. When this sequence is identified, a level is created. A level is considered broken when the candle's close is above the top/bottom of the level. Users have the option to select the width of the area based on the Average (AVG), Open, or Close. AVG will provide the average width of the level of the area. Close will offer a broader range to work with. Open will provide a very narrow area. 🔶 METHODOLOGY The idea behind these areas is that the price will be more likely to produce either a substantial move in the ongoing direction or, when breached, a strong price reaction. The more the support level is touched or tested, the more likely it is to break. The longer it has been since its creation and the less it has been tested, the more likely it is to offer strong support or resistance. Wicks starting to close above the level will indicate a potential breakout to the upside or downside if a candle manages to close above it. 🔶 INPUTS Users have the option to determine the number of sequential candles. Users also have the option to decide how many zones to display on the chart. Color changes are possible. The possibility to show volume on the creation of the zone is included."
Pine Script™ indicator
by BigBeluga
22
Kviateq - Session Opening RangesThis indicator plots the opening range for each of the market sessions. Users can chose the length of the opening range, as well as change the time for each of the sessions. This script is based on opening range breakout strategies, which entail taking a long/short depending on which way the price breaks out. To trade it, we wait for the session opening range to print, and then we enter upon a candle close. It's meant to be used on lower timeframes, ideally one hour or lower. It can be used by itself, but it works even better in combination with other indicators, like moving averages. Enjoy
Pine Script™ indicator
by hundredtoamillion
Earnings LevelsI am proud to announce that the formerly secret "Key Earnings Levels" graphing tool will be freely available to TradingView users whereas before it was only available by monthly or annual subscription since its invention here at TradingView many years ago by Tim West. TradingView code writers wrote the original code for using this powerful tool and then Johannes Falkenburg re-wrote the code several years ago. The most important FOUR days a year in a stock chart are the days that the company gives its quarterly update. Since the GRAND majority of companies have earnings, the indicator is called the "Key Earnings Level", or KEL for short. The unique part of the release of the quarterly update is that it can be "before the open" or "after the close" and the price action leading up to the earnings and immediately after the earnings are useful for future reference, as you'll see shortly. The Key Earnings indicator plots a triangle for the range around the day before and the day after earnings and draws a mid-point line to capture the over/under level for that report. That mid-point line is then extended into the future for a minimum of one quarter until the next earnings report and as long as a year with the current code. This triangle plot allows you to see how a stock is trading RELATIVE TO where it was trading when earnings were announced and when a glimpse into the current quarter along with projections for the upcoming year. Simply put: Key Earnings Levels are the easiest way to see how a stock is doing relative to the most important four days a year. You can devise your own trading strategies around these levels, but I want you to have this information so you can see it and know it too. I've kept this little secret of Key Hidden Levels to myself and my followers in the Key Hidden Levels Chat Room here at TradingView for far too long. I have occasionally published charts with the Key Earnings Levels but have not made the code freely available to TradingView subscribers. If anyone has paid me for access to these indicators and wants a refund, I will be glad to do that. This is too important to keep from everyone any longer. I think it is essential to make this available to everyone to make sure we all have the most advantage we can get when investing and trading in the markets. I hope you can all find the powerful benefit from using Key Earnings Levels and please thank Johannes Falkenburg aka @Vollchaot here at TradingView for writing the latest version of this code. The idea itself came from using TradingView and the powerful graphing and layout features here to track our observations and to do research. Thank you TradingView for such a great product. I look forward to answering any questions. Sincerely, Tim West
Pine Script™ indicator
by timwest
9
Pivot Points [MisterMoTA]The Pivot Points indicator by MisterMoTA allow users to get pivots points calculated from last candle high, low and close on any timeframe from 1 minute to weekly. This will help users that are trading ins small timeframes to see the pivots that are near their timeframes and not only daily timeframe. Here is an example on the chart from nex image the timeframe is set to 1 minute and pivot points displayed are at 15 minutes : The users have control on pivots colors, pivot labels colors, text color from labels, decimal numbers displayed in the labels and style of the pivots lines. Please follow me for other script like this one. Kind regards, MisterMoTA
Pine Script™ indicator
by NexusSignals
Double Tops & Bottoms [QuantVue]This indicator is designed to detect and plot Double Tops and Double Bottoms, by setting the initial high or low using standard pivot points. Double Tops A Double Top is a bearish reversal pattern, typically found when an uptrend returns back to a prior peak. It signifies a potential turning point or resistance level and could potentially reverse in direction. The pattern is confirmed as a Double Top when the price breaks above the resistance level, but closes below it. A decisive close below this level is seen as a confirmation of the bearish trend. Double Bottoms A Double Bottom, on the other hand, is a bullish reversal pattern typically found after a downtrend. It signals a potential turning point or support level where the price has bottomed and could potentially reverse upwards. The pattern is confirmed as a Double Bottom when the price breaks below the support level, but closes above it. A decisive close above this level is viewed as a confirmation of the bullish trend. Indicator Features 🔹Double Top Detection: When a double top is identified, a downward-pointing triangle will be plotted above the bar, and if the alerts are enabled, a notification will be triggered. 🔹Double Bottom Detection: When a double bottom is identified, an upward-pointing triangle will be plotted below the bar, and if the alerts are enabled, a notification will be triggered. 🔹Pivot Lookback: Defines the number of bars to the left and right of the pivot that must be lower/higher to qualify as a pivot. 🔹Maximum Length Between Tops/Bottoms: Maximum number of bars between two tops/bottoms to be considered a double top or bottom. 🔹Style Settings: Allows the user to customize the appearance of the lines indicating the tops/bottoms. Options include color selection, line style (dotted, dashed, or solid), and line thickness. 🔹Alerts: The user can enable or disable alerts for Double Top and Double Bottom. Give this indicator a BOOST and COMMENT your thoughts! We hope you enjoy. Cheers!
Pine Script™ indicator
by QuantVue
9
Dev's PDH PDL super strategyHave plotted Previous day High, previous day low, previous day close and previous day open. Moreover Previous month High and low are plotted. Background changes are made as per this concept: when the current day's price is above PDL and below PDH, a green background when the current price is above both PDL and PDH, and a red background when the current day's price is below both PDL and PDH. Current day High and low are plotted as white lines, which are dynamic and change once new high or low forms.
Pine Script™ indicator
by Devjames
4