Distance from the High/Low priceThis indicator shows how far the price is from the Top and Bottom over a set period of time.
The basic purpose of this indicator is to quickly compare how many symbols have risen over a certain period of time.
For example,
For example, let's say I want to see what the maximum increase is from the December, and how much it's currently down from there.
Then, let's set the "Length" to approximately 1500 and check it from December 18th.
So now you can see that bitcoin is up to about 44%, and it's down 6.9% from its peak.
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For the second example, let's say I want to see what the maximum increase in ALPHA is and how far it is currently from that maximum.
So, as you can see in the chart above, the maximum increase over the period was about 120%, and now it's down by 22.8%.
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In addition, if you check 'Retracement' in the indicator setting, you can see the ratio of the currently located returns based on Top and Bottom.
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이 지표는, 특정 기간동안 여러개의 symbol들이 얼마만큼의 상승을 했는지 빠르게 비교하기 위해 만들었습니다.
위에 첨부한 사진을 기준으로 말씀드리겠습니다.
2022년 12월 말부터 올라온 상승의 최대폭이 얼마인지, 그리고 그 최대 상승으로부터 현재 얼마나 떨어졌는지를 확인하고 싶은 상황이라고 하겠습니다.
그렇다면 'Length'를 대략 1500으로 설정하여 12월 18일부터 확인해보겠습니다.
그러면 비트코인은 최대 약 44%만큼 상승하였고, 현재 최고점으로부터 6.9% 떨어진 상황이라는 것을 확인할 수 있습니다.
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두 번째 예시로, ALPHA의 최대 상승폭이 얼마인지, 그리고 그 최댓값으로부터 현재 얼마만큼 떨어져 있는 상황인지를 확인하고 싶다고 가정해보겠습니다.
그렇다면 위의 차트에서 보이는 바와 같이, 해당 기간동안 최대 상승폭이 약 120%였고, 현재 그 최댓값으로부터 22.8%정도 하락한 상황이라는 것을 확인할 수 있습니다.
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번외로, 지표 설정에서 'Retracement'를 체크하시면, Top과 Bottom을 기준으로 현재 위치한 되돌림의 비율을 확인할 수 있습니다.
Pivot points and levels
30 Second Futures Session Open RangeThis indicator displays 30 second opening ranges from Globex, Europe, and RTH sessions.
From the RTH session range, it also displays infinitely generating Price Targets based on a % of the opening range size.
I am retrieving the 30 second data using the new "request.security_lower_tf()" function.
The importance of these levels is based on the idea that when the market opens, algorithms establish their positions within the first 30 seconds.
These areas can also be seen as potential areas of support and resistance throughout the sessions.
Enjoy!
Volume Based Support & ResistanceThis script uses the Volume of each candle to find support and resistances on the whole visible chart. There is a single easy to use setting that is the Distance between major S/R lines which is 10% for the default and better for Daily timeframe. If you set a lower number, for example 5% then there will be more lines on the chart which is better for lower time frames and higher number like 20% maybe better for weekly timeframes.
It is developed based on using for Bitcoin daily timeframe, but it can be used for any symbol on any timeframe with the proper settings.
The limitation is the number of visible candles which the data and S/R lines are calculated based on them (if the previous data was within the same price range and if not, there is no issue).
Also, this code is a good learning example of using arrays and lines together in the trading view's pine script.
SMT Divergence [promuckaj]SMT Divergence indicator will track your main symbol on the chart against other one you set, for example you can use it on S&P 500 chart while you set there to track and compare it with Nasdaq, it will search for divergence between them, according to swing points, and print it on the chart for you.
There is option to set custom swing points period, colors, lines, debug info panel that will show you in real time values and times of last two swing highs and lows points that is formed on second symbol you want to track.
You can activate also alerts for bullish and bearish divergences separately, as you wish.
There is option to setup divergence types you want to get:
#1
100% aligned divergences only - means both swing points are aligned at the same bar and time between two assets.
#2
all divergences - means you will get also the rest potential divergences that is not 100% aligned between two assets according to swing points. This means that, while swing points is formed on main symbol, indicator will compare their bars and times to the second symbol and if it looks like divergence you will get it on the chart.
Just to clarify "divergence" between two symbols, it means that for bearish one symbol need to form higher low while the other need to form higher high, and vice versa for bullish, lower low / lower high.
Everyone enjoy !
ICT Liquidty H/L [MK]indicator shows liquidity levels at pivot highs and lows on the chart timeframe. Levels are drawn as a horizontal line up to the last active bar. Once a level has been passed through, the level is highlighted. The liquidity level will remain highlighted until a pre determined amount of bars have closed after the level was passed. These liquidity levels can be used as targets for trades, or as potential reversal points. Liquidity (or resting orders) at key pivot points form a key part of the ICT trading system. Users can configure the indicator to display the untapped liquidity levels, or they can be completely hidden until they are passed through.
Tailored-Custom Hamonic Patterns█ OVERVIEW
We have included by default 3 known Patterns. The Bat, the Butterfly and the Gartley. But have you ever wondered how effective other,
not yet known models could be? Don't ask yourself the question anymore, it's time to find out for yourself! You have the option to customize
your own Patterns with the Backtesting tool and set Retracement Ratios and Targets for your own Patterns. In addition to this, in order to determine
the Trend at a glance and make Pattern detection more efficient, we have linked the calculation of Patterns to Bands of several types to choose
from (Bollinger, Keltner, Donchian) that you can select from a drop-down menu in the settings and play with the Multiplier
and the Adaptive Length of the Patterns to see how it affects the success rate in the Backtesting table.
█ HOW DOES IT WORK?
- Harmonic Patterns
-Pattern Names, Colors, Style etc… Everything is customizable.
-Dynamic Adaptative Length with Min/Max Length.
- XAB/ABC Ratio
-Min/Max XAB/ABC Configurable Ratio for each Pattern to create your own Patterns.
(This is really the particular option of this Indicator, because it allows you to be able to Backtest in real time
after having played at configuring your own Ratios)
- Bands
-Contrary to the original logic of the HeWhoMustNotBeNamed script, here when the price breaks out of the upper Bands
(example, Bollinger band, Keltner Channel or Donchian Channel) , with a predetermined Minimum and Maximum Length and Multiplier, we can consider
the Trend to be Bearish (and not Bullish) and similarly when the price breaks down in the lower band, we can consider the Trend
to be Bullish (not Bearish) . We have also added the middle line of the Channels (which can be useful for 'Scalper' type Traders.
-The Length of the Bands Filter is directly related to the Dynamic Length of the Patterns.
-You can use a drop-down menu to select from the following Bands Filters :
SMA, EMA, HMA, RMA, WMA, VWMA, HIGH/LOW, LINREG, MEDIAN.
-Sticky and Adaptive Bands options has been included.
- Projections
-BD/CD Projection Ratio configurable for each Pattern.
(Projections are visible as Dotted Lines which we can choose to Extend or not)
- Targets
-Target, PRZ and Stop Levels are set to optimal values based on individual Patterns. (The PRZ Level corresponds to point D
of the detected Pattern so its value should always be 0) but you can change the Targets value (defined in %) as you wish.
Again here, you have the option to fully configure the Style and Extend the Lines or not.
- Backtesting Table
-As said previously, with the possibility of testing the Success Rate of each of the 3 Customizable Patterns,
this option is part of the logic of this Indicator.
- Alerts
-We originally believe that this Indicator does not even need Alerts. But we still decided to include at least one Alert
that you can set for when a new Pattern is detected.
█ NOTES
Thanks to HeWhoMustNotBeNamed for his permission to reuse some part of his zigzag scripts.
Remember to only make a decision once you are sure of your analysis. Good trading sessions to everyone and don't forget,
risk management remains the most important!
Combined Strategy Trading Bot (RSI ADX 20SMA)Trading Bot V1, This code implements a combined trading strategy that uses several indicators and strategies to make buy and sell decisions in the market. The code is written in Pine Script™, which is a programming language used in the TradingView platform. By BraelonWhitfield.Eth
The strategy uses the Average Directional Movement Index (ADX) and the Pine SuperTrend indicator to identify trends and price movements in the market. The SuperTrend indicator is a popular technical analysis tool that helps to identify the direction of the current trend and provides entry and exit points for trades.
The strategy also uses the Relative Strength Index (RSI) to identify overbought and oversold conditions in the market. The RSI is a momentum indicator that measures the speed and change of price movements in the market.
The first part of the code defines the inputs for the ADX and DI Length, which are used to calculate the ADX and DI values. The dirmov() function is used to calculate the positive and negative directional indicators (plusDM and minusDM) based on the high and low prices. The truerange variable is then calculated using the True Range (TR) formula. Finally, the plus and minus variables are calculated using the smoothed moving average of the plusDM and minusDM values.
The adx() function is then used to calculate the ADX values based on the plus and minus variables. The Pine SuperTrend indicator is defined using the pine_supertrend() function. This function uses the high-low average (hl2) and the Average True Range (ATR) to calculate the upper and lower bands for the indicator. The direction of the current trend is then determined based on whether the current price is above or below the upper or lower bands.
The RSI values are then calculated using the ta.rsi() function, with the inputs for the close price and the RSI period. The overbought and oversold conditions are defined using the OB and OS inputs, which specify the threshold values for the RSI. The upTrend and downTrend variables are defined based on the direction of the Pine SuperTrend indicator.
The next part of the code defines the 20-period Simple Moving Average (SMA) using the ta.sma() function. The os and ob variables are then calculated based on the RSI values and the OB and OS inputs. The strategy.entry() function is used to define the buy and sell orders based on the upTrend and downTrend variables, as well as the Pine SuperTrend indicator, the 20-period SMA, and the os variable.
The final part of the code defines the Channel Breakout Strategy using the ta.highest() and ta.lowest() functions to calculate the upper and lower bounds of the channel. The strategy.entry() function is then used to define the buy and sell orders based on whether the current price is above or below the upper or lower bounds.
In summary, this code implements a combined trading strategy that uses several indicators and strategies to make buy and sell decisions in the market. The strategy is designed to identify trends and price movements in the market, as well as overbought and oversold conditions, to provide entry and exit points for trades. The strategy uses the Pine SuperTrend indicator, the ADX and DI indicators, the RSI, and the 20-period SMA, as well as the Channel Breakout Strategy to make informed trading decisions.
VWAP Supply and Demand ZonesThis is my 1st indicator enjoy.
Description of the VWAP Supply and Demand Zones indicator:
This indicator uses the Volume Weighted Average Price (VWAP) to identify potential supply and demand zones in the market. The VWAP is a popular indicator that shows the average price of a security weighted by volume over a specified period of time. It can be used as a benchmark to measure the efficiency of trading and to identify trends and price levels.
The indicator plots the VWAP as a blue line on the chart, and also plots two other lines above and below it, which represent the upper and lower bounds of the supply and demand zones. The width of these zones can be adjusted by changing the “Zone Width” input parameter.
The indicator also plots shapes on the chart to mark when a supply or demand zone is formed. A supply zone is formed when the price crosses above the VWAP and then falls back below it, indicating that there is more selling pressure than buying pressure at that level. A red triangle is plotted above the bar where this happens, and a red zone is drawn between the previous close and previous VWAP values.
A demand zone is formed when the price crosses below the VWAP and then rises back above it, indicating that there is more buying pressure than selling pressure at that level. A green triangle is plotted below the bar where this happens, and a green zone is drawn between the previous close and previous VWAP values.
The supply and demand zones can be used as potential areas of support and resistance, where traders can look for reversal or continuation signals. For example, if the price enters a supply zone from below, it may indicate that sellers are willing to sell at higher prices, which could lead to a bearish reversal. Conversely, if the price enters a demand zone from above, it may indicate that buyers are willing to buy at lower prices, which could lead to a bullish reversal.
The indicator can be applied to any timeframe or market, but it may work better on higher timeframes where volume data is more reliable. It can also be combined with other indicators or tools to confirm or filter signals.
50%er by Tren10x50%er by Tren10x
This script that I created is simple & straight to the point: It will find the 50% levels of the previous candle for every timeframe.
● Daily
● Week
● Month
● Quarter
● Year
● Current timeframe selected
What current timeframe selected means is if you are on the 2 week chart, for example, you will get the 50% level of the previous 2 week candle. It will be marked with a "C" for current. You will still have the 50% levels of the major timeframes visible as well.
What is special about this script is it will not show the 50% levels on timeframes higher than what the halfback is meant to show. So if you are on the year timeframe, you will NOT see 50% levels for anything lower than that. This is so there are no awkward vertical lines on the chart where it is trying to squeeze in a daily 50% level on a year timeframe, which is of no use to an investor. If you're on the quarter timeframe, you will see everything higher than the quarter on your chart.
Happy trading!
Shoutout to the Alpha Pack! Lets get it.
Mamba out,
Tren10x
Disclaimer: Not Financial Advice and Not Guaranteeing 100% Profits. Use your own due dilligence and technical analysis.
Failed Breakdown Detection'Failed Breakdowns' are a popular set up for long entries.
In short, the set up requires:
1) A significant low is made ('initial low')
2) Initial low is undercut with a new low
3) Price action then 'reclaims' the initial low by moving +8-10 points from the initial low
This script aims at detecting such set ups. It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames.
Business Logic:
1) Uses pivot lows to detect 'significant' initial lows
2) Uses amplitude threshold to detect a new low beneath the initial low; used /u/ben_zen script for this
3) Looks for a valid reclaim - a green candle that occurs within 10 bars of the new low
4) Price must reclaim at least 8 points for the set up to be valid
5) If a signal is detected, the initial low value (pivot low) is stored in array that prevents duplicate signals from being generated.
6) FBD Signal is plotted on the chart with "X"
7) Pivot low detection is plotted on the chart with "P" and a label
8) New lows are plotted on the chart with a blue triangle
Notes:
User input
- My preference is to use the defaults as is, but as always feel free to experiment
- Can modify pivot length but in my experience 10/10 work best for pivot lows
- New low detection - 55 bars and 0.05 amplitude work well based on visual checks of signals
- Can modify the number of points needed to reclaim a low, and the # of bars limit under which this must occur.
Alerts:
- Alerts are available for detection of new lows and detection of failed breakdowns
- Alerts are also available for these signals but only during 7:30PM-4PM EST - 'prime time' US trading hours
Limitations:
- Current version of the script only compares new lows to the most recent pivot low, does not look at anything prior to that
- Best used as a discretionary signal
Visit /u/ben_zen's Profile:
www.tradingview.com
Profile Link www.tradingview.com
Swing Levels and Liquidity - By LeviathanThis script will plot pivot points (swing highs and lows) in the form of lines, boxes or labels to help you identify market structure, “liquidity” areas, swing failure patterns, etc. You are also able to see the volume traded at each pivot point, which will help you compare their significance.
Bars Left-Right
A pivot high (swing high) is a bar in a series of bars that has a higher value than the bars around it and a pivot low (swing low) is a bar in a series of bars that has a lower value than the bars surrounding it. The Bars Left and Bars Right parameters are used to define the number of bars on the left and right sides of a pivot point that the function should consider when identifying pivot highs and lows in a time series. For example, if Bars Left is set to 5 and Bars Right is set to 6, the function will look for a pivot point by comparing the value of the current bar with the values of the 5 bars to its left and the 6 bars to its right. If the value of the current bar is higher than all of these bars, it is considered a pivot high point. These parameter can be used to adjust the sensitivity of the script (lowering the Bars Left and Bars Right parameters will give you more swing points and increasing the Bars Left and Bars Right parameters will give you fewer swing points).
”Show Boxes” - This will draw a box above the swing high and a box below the swing low to help you visualise a large area of interest around swing points. Additional box types and the width of the box can be adjusted in Appearance settings below.
”Show Lines” - This will draw a horizontal line at the level of each swing high and swing low.
”Show Labels” - This will plot a circle at the high point of each swing high and at the low point of each swing low.
”Show Volume” - This will display the amount of volume traded in a given swing point candle. It can help you identify the significance of a given swing point by comparing it to the volumes of other swing points.
”Extend Until Filled” - This will extend the swing point levels until they are mitigated by the price. Turning it off will continue plotting the levels just a few more bars after a swing point occurs.
”Appearance” - You can show/hide swing points, choose the colors of labels, lines and boxes, choose the size and positioning of the text, choose line and box appearance (adjust the Box Width when switching between timeframes!) and more.
More updates coming soon (MTF, more data…)
Wick Hunter MVWAP & RSIWick Hunter MVWAP & RSI to be used to produce quality reversal entries based on VWAP with added RSI Filtering.
The MVWAP allows our traders to utilize different timeframes in combination, and send alerts directly to Wick Hunter via the any alert function.
Wick Connect MVWAP & RSI was designed specifically to work with Wick Hunter, the lightning fast cryptocurrency trading robot that can trade for you 24/7. Simply input your UUID and start trading automatically with Wick Hunter!
Added additional logic for VWAP crosses, alert conditions and table for visualization which can be helpful to backtest VWAPS and plot current distance away from VWAP settings, in percent.
The VWAP is accurate across all timeframes and will show multiple VWAP Values (3 timeframes each with separate long and short VWAP values).
Default values of 1/5/15 Minute, 5 Period with "SAFE" VWAP Values for new users. Recommended for users to always plot and backtest VWAP Settings manually before running any alerts or active configurations.
Added alert condition on Short/Long crossing for each timeframe which can be fired to trigger trades to Wick Hunter.
Alerts are now fired using crossabove and crossbelow logic which avoids fake signals. Previous script versions would fire signals anytime above/below VWAP resulting in bagged trades. With the new crossing condition we are sure that the previous candle price was below/above the vwap and then price crossed on the current candle to fire the alert.
Alerts also now require a reset, meaning that the price must move above/below the VWAP after firing an alert to retrigger an alert. This will reduce entries however improve entry quality.
Alert repainting was improved as well, however you may still see alerts fire and repaint over. Generally speaking if price goes close to the Long or Short VWAP - expect a signal to fire if using once per bar.
Alerts will fire as soon as price crosses the VWAP Line if using "Once per bar", and may disappear after.
Alerts shown on the chart are confirmed via candle close, and as such, "Once per bar close" should be used if the user wants to only trade confirmed signals shown on the chart.
"Distance from VWAP Settings" table is now plotted across all timeframes which will allow users to see an accurate distance from their current VWAP Settings.
For instance if you are on the 1 Minute timeframe with a long VWAP of 1% the table will plot the current distance (in %) that price is away from the 1% VWAP .
During a market dump you would see the 1% VWAP near current price and its value in the table may be less than 1%.
The data in the table can be very useful for backtesting and checking VWAPS daily. The VWAP will move radically in volatile days and as such this may allow users to further tweak their VWAP Settings.
To use this script simply Favorite and add to your chart.
Happy Trading :)
Wick Hunter VWAP & RSIWick Hunter VWAP & RSI Script to be used to produce quality reversal entries based on VWAP with added RSI Filtering.
Wick Connect 2.0 was designed specifically to work with Wick Hunter, the lightning fast cryptocurrency trading robot that can trade for you 24/7.
Simply input your UUID and start trading automatically with Wick Hunter!
The indicator first starts with VWAP entries, with user selectable user selectable inputs to plot percentages above and below current VWAP line.
Percentage Above VWAP = Short Entry
Percentage Below VWAP = Long Entry.
Alerts will fire as soon as price crosses the VWAP Line if using "Once per bar", and may disappear after.
Alerts shown on the chart are confirmed via candle close, and as such, "Once per bar close" should be used if the user wants to only trade confirmed signals.
RSI Filtering has been added with separate RSI Values for both long and shorts which can used to filter entries.
RSI Long Min: Minimum RSI value to fire alerts.
RSI Long Max: Maximum RSI value to fire alerts.
RSI Short Min: Minimum RSI value to fire alerts.
RSI Short Max: Maximum RSI value to fire alerts.
Happy Trading.
STructure Atr Cloud w/ TargetsThis indicator is part of our educational suite focused on teaching price structure, momentum, and mean reversion trading strategies. This indicator is recommended to be used with our “Price Action Trading Indicator” or PATI.
Components of this indicator:
Intraday and Swing Price Structure
Breaks of Structure Identification
Change of Character Identification
Fib-derived Price Targets
Dynamic ATR-based Trend Cloud
This indicator is intended to be used in conjunction with the education we provide to help our users determine their optimal trade plan to utilize their edge.
Intraday (Short-Term) Structure is displayed in gray as HH, HL, LH, LL by default, and the zig-zags can be turned on/off in the settings.
Swing Structure is displayed in yellow as HH, HL, LH, LL by default, and the zig-zags can be turned on/off in the settings.
EQL/EQH show areas where price made an equal low or high.
Dynamic ATR-based Trend Cloud (orange cloud) helps traders stay in profitable trades longer by giving them a visual aid of the current momentum. We have added a confirmation level that dynamically appears when the price breaks over/under the cloud giving validation to the potential trend shift. Failure to break this level tends to result in a rejection and continuation of the current orange cloud trend as you can see in the image above.
Change of Character (ChoCh) shows internal structural breaks where a minor level or supply/demand zone fail, resulting in a potential shift in a short-term trend. Above you can see two common ChoCh setups (head and shoulders/ inverse head and shoulders) that usually result in significant price reversals.
Above is an example of using this indicator on two timeframes to develop short and longer term targets. Previous targets can be used as areas of interest where we can look for price to bounce/reject. Target levels that develop above/below price make great areas to potentially take off some risk/ put risk on.
Please check the Author Instructions Below for how to gain access to our indicators.
PATIThis indicator is part of our educational suite focused on teaching price structure, momentum, and mean reversion trading strategies for intraday trading. Our team has selected this set of tools and metrics, which define our trading style and serve as the foundation for our teaching, to be included in this indicator. We are displaying each component in a way we believe is helpful to their understanding which also provides a clean, comprehensive look.
This indicator is for Intraday Trading
Our Traders most commonly use this indicator on the 1,3 or 5 minute chart.
Components of this Indicator:
Multiple VWAP Levels: monthly, weekly, standard (anchored to the right of price)
Dynamically Anchored VWAP Cloud (trend tool)
13 EMA (trend tool)
Structural Orderblocks
Multi-Timeframe Fair Value Gap detection
Key Daily Price Levels (anchored to the right of price)
Customizable Opening Range (anchored to the right of price)
15 minute “Golden Zone” (shows the .5-.618 zone of the previous 15m candle)
ADR (Average Daily Range)
A4R (Average 4hr Range)
These tools are used in conjunction with the education we provide to help our users determine their optimal trade plan to utilize their edge.
Specific Functionalities and Uses:
Monthly-VWAP & Weekly-VWAP (M-VWAP/W-VWAP):
VWAP = “Volume Weighted Average Price”
These levels provide probable zones where price may mean revert and risk should be taken off/ put on. We have anchored these to the right-hand side of your chart by default to minimize the noise on your chart.
Average Daily Range (ADR): The Average Daily Range is a technical indicator used to measure the volatility of an asset. It displays how much an instrument can move on average during a given day. The significance is that each market has a unique range that is likely to be covered on any given day.
Average 4hr Range (A4R): The Average 4hr Range is a technical indicator used to measure the volatility of an asset twice in a single session. It displays how much an instrument can move on average during a session and is measured twice in a day. Calculating a smaller volatility range may seem strange at first but can be a huge advantage by analyzing the volatility of the intraday action, giving you average price targets based on more recent market data.
Tip: When used in conjunction with key support and resistance levels, ADR & A4R can be a huge edge to traders to determine where to push/pull risk.
Opening Range: The open often establishes the trend and sentiment for the day, but there is also statistical significance to the open that is overlooked. Statistically, on average, the open is near the high or low of the day and offers plenty of opportunities to build trading strategies. The chart below provides some potential trades that could be taken once the opening range has been established.
Dynamically Anchored VWAP Cloud: Our dynamically anchored VWAP cloud tracks the most recent impulsive move and re-anchors to show you potential bounce points in a trend. We re-anchor at each structural shift to give the most probable targets for buyers/sellers to defend their positions to continue the current trend push.
By utilizing the re-anchoring at each significant structural inflection point, we can establish a much less lagging trend following technique.
We have also included the feature to substitute this cloud for a 34/55 EMA cloud for the traders already familiar with that system.
The chart below provides potential trades that could be taken using the VWAP cloud system.
FVGS (Fair Value Gaps/ Imbalances): These areas represent potential buy/sell side liquidity imbalances where price is pushed aggressively, sweeping the orderbook and will likely return to “fix” the structure before continuing. Below is an example of 3 possible trade paths we look for inside these structural imbalances.
Structural Orderblocks:
These areas are based on structural pivots that have been pushed out of with aggression determined by subsequent structural breaks to confirm their validity. Because of this, when price returns to these areas we can anticipate this area to be defended.
The blue boxes track Orderblocks. These highlight instances of past participation which create areas likely to be defended again when retested.
Swing High/Low/Previous:
We use swing high and lows as points of short-term support and resistance, a break of these levels can signify a shift in market sentiment.
-The dashed green line shows the previous structural swing high or low pivot point.
-The solid green lines show the high and low in our current trading structure.
Note: Displaying the previous swing can provide us with context of the current market trend, and will assist us make better decisions.
15 Minute Golden Zone:
Displayed as a gray box, it tracks the .5-.618 of the previous 15m candle and gives us an area where we look for short-term resistance/support on smaller time frame price action. This area can be viewed as an equilibrium of the current range. If the price can hold this area, it can show a likely support area for continuation.
13 EMA:
This is the choice length ema of our traders, they use this ema to confirm (short-term) trend direction and reference it for a common bounce point for re-entries. Our traders consider this as a crucial point to speculate reversals and break of short-term trends.
Note: Typically in a trend we see the price hold to one side of this ema, by looking for this characteristic, it brings confidence to staying in trades.
Please check the Author Instructions Below for how to gain access to our indicators.
Fibonacci Levels Based on Supertrend [By MUQWISHI]A “ Fibonacci Levels Based on Supertrend ” indicator is supertrend indicator planned with Fibonacci retracements levels. Fibonacci retracements provides a sequence of levels starting from 0% to 100% in addition to extension levels. 0% is measured to be the initial Supertrend line, and 100% is the previous Supertrend line where it has been broken by candle. This tool could be valuable in terms of managing trades by setting targets and reducing the risk in the trend direction.
█ OVERVIEW
█ INDICATOR SETTINGS
Please let me know if you have any questions.
Thank you.
Gaps + Imbalances + Wicks (MTF) - By LeviathanThis script will identify and draw price gaps, wicks and imbalances with customizable fill conditions, multi-timeframe function, zone size filtering, volume comparison, lookback filtering, as well as highly customizable appearance and settings.
I’ve made this indicator to combine the three similar but different elements that occur in price movements and serve as significant zones of interest or way of PA interpretation in various different strategies.
Imbalances (or Fair Value Gap/FVG/Inefficiency/whatever)
- The Imbalance “pattern” consists of 3 candles (1- candle before the sharp move, 2 - sharp move candle and 3- candle after the sharp move). When price makes a move downwards, the imbalance zone is defined as the area between the low of 1 and the high of 3 When price makes a move upwards, the imbalance zone is defined as the area between the high of 1 and the low of 3.
Gaps
A price gap is an area on a chart where no trading activity has taken place. A gap up means that the low of the current candle is higher than the high of the previous candle and a gap down means that the high of the current candle is lower than the low of the previous candle.
Wicks (or shadows/tails/whatever)
Wicks are used to indicate where the price has fluctuated relative to the opening and closing price of the candle. An upper wick is the zone between candle high and candle close/open (whichever is higher) and a lower wick is the zone between candle’s low and candle’s close/open (whichever is lower).
Settings Overview
“Zone Type” - This input lets you decide which zones should the script plot and on which timeframe. You should always pick a timeframe higher than your chat’s.
“Middle Line, Top Line, Bottom Line” - Show or hide the Middle Line (horizontal level in the middle of each zone), Show or hide Top Line (horizontal level at the top of the zone), Show or hide Bottom Line (horizontal level at the bottom of the zone)
“UP/DOWN Zones" - This input lets you show/hide UP Zones or DOWN Zones an pick their color, border color and label color.
”Fill Condition” - If turned ON, the zones will end drawing when your prefered Fill Condition is met (Full Filll = price mitigates the whole zone, Half Fill = zone is at least halfway mitigated and Touch = zone is touched by price). If turned OFF, the zones will only be plotted for the amount of bars defined it “Zone Length”.
”Lookback (D)” - This input lets you limit the amount of zones plotted on the chart by choosing how many days back in time should the script go to find and plot zones. For example, input 1 will only show you the zones of the past day, input 7 will only show you the zones of the past week.
”Hide Filled Zones” - If turned ON, the zones that have been filled will be removed from the chart.
”Show Boxes” - Show or hide the boxes that represent the zones. This is useful for those who want the zones to be visualized by just lines.
“Filter Type” - this input lets you create a filter that will make the script only show zones that are larger than ATR or larger than a certain percentage. You can choose the ATR Length and the multiplier (higher multiplier → larger zone required), as well as the Percentage (%) and its multiplier (higher percentage → larger zone required). If you choose “None”, the zones of all sizes will be plotted.
”Zone Labels” - this part of the settings lets you: show/hide labels, decide on the size of the labels and their positions, choose a custom name for each zone, choose the data that the labels present (Type of the zone/Timeframe/ Volume ).
”Other settings” - ‘Stop/Delete zone after X number of candles’ will force stop/delete the zone if it’s plotted for more than prefered number of bars. ‘Line Style’ lets you choose the style and the color of the lines, ‘Zone Length’ defines the length of the zone if Fill Condition is “None”.
More settings, modifications and improvements coming in future updates. This script is a bit old so I will clean up and optimize the code once I have more time.
Auto Unlimited Fibs 1.0Still in development, this indicator automatically draws unlimited Fibonacci Retracements so you don't have to keep manually drawing them.
Upwards moves are colored green by default and downward moves are colored red by default, idea being an upward move creates a green retracement level that may be an area to buy and vice versa for short moves. The retracements are drawn on every 3-bar swing high/low, this idea was taken from Inner Circle Trader (ICT). If the move then goes on to retrace past the 0.764 fib retracement, the move is mitigated. If a new high or low is put in the fib gets extended. The mitigation levels are customisable.
Also hides moves that are below a minimum size, as I don't like to see fibs of small moves, these are hidden based on a % of price, customisable in the script.
As the fibs get extended/mitigated and hidden you should end up with all the fibs that are still valid for a retracement.
There is a display option to draw shorter lines as things can get pretty messy with lots of fibs on one chart. Also, bigger moves have longer lines and are slightly brighter in color, shorter moves are shorter lines and duller in color.
Finally the user can customise the amount to show in each direction, so if you only want to see long moves set the Total Short Fibs To Show to 0, or choose 1 of each if you only want to see the most recent smallest fib.
PSAR-Support ResistanceParabolic Support Resistance -PSAR SR is based on the Dynamic Reversal Points of Price. This indicator eliminates the false signals of regular Parabolic SAR (Stop and Reverse). The Price of previous SAR Reversal point is plotted as Support and Resistance. The idea is to trade only after the previous reversal point is crossed and a new candle formation above / below the support resistance lines.
Price moves sideways in between the S/R Lines mostly.
Buy and Sell Signals are based on normal P-SAR settings however this S/R must be considered. Please be aware that the indicator cannot be used as a stand alone. Please make required confirmations before going into action.
Disclaimer: Please use it at your own Risk.
Opening Range & Daily and Weekly PivotsThis script is for a combination of two indicators: an Opening Range Breakout (ORB) indicator and a daily/weekly high/low pivot indicator. The ORB indicator displays the opening range (the high and low of the first X minutes of the trading day, where X is a user-defined parameter) as two lines on the chart. If the price closes above the ORB high, the script triggers an alert with the message "Price has broken above the opening range." Similarly, if the price closes below the ORB low, the script triggers an alert with the message "Price has broken below the opening range."
The daily/weekly high/low pivot indicator plots the previous day's high and low as well as the previous week's high and low. If the current price closes above yesterday's high or last week's high, the script triggers an alert with the messages "We are now trading higher than the previous daily high" and "We are now trading higher than the last week high", respectively. If the current price closes below yesterday's low or last week's low, the script triggers an alert with the messages "We are now trading lower than the previous daily low" and "We are now trading lower than the last week low", respectively.
In addition to the visual representation on the chart, the script also triggers alerts when the price crosses any of these levels. These alerts are intended to help traders make decisions about entering or exiting trades based on the price action relative to key levels of support and resistance.
Opening Range Breakout (and price targets)This Opening Range Breakout indicator stands apart from others for several reasons. Apart from displaying the opening range high and low on a chart, the script also plots customized potential price targets ( different from any other on TradingView! ) for breakouts and breakdowns in price action. These customized targets can be toggled on and off in the input section of the indicator's settings.
With regard to the indicator itself, it has two other key inputs, the "ORB total time (minutes)" and "ORB Timeframe". The first input sets the maximum number of minutes to be used in the calculation of the opening range, and the second input sets the specific time frame when the opening range is calculated. The script plots the opening range high and low on the chart as two separate lines with the high in blue and the low in white, and these lines dynamically change color of the high to green and the low to red if the current price is above or below the opening range, respectively.
The script starts by calculating whether or not the current bar falls within the specified time frame. It then sets the initial values of the opening range high and low, and continuously updates these values if the current bar's high or low is higher or lower than the previous values, respectively. The updated values are then plotted on the chart with the specified style and color.
Traders may use the ORB Indicator to trade breakouts and breakdowns of the opening range. If the price breaks above the opening range high, traders may look to enter long positions, and if the price breaks below the opening range low, traders may look to enter short positions. The customized price targets may be consulted for potential areas to take profit. The color change of the high and low lines can provide additional confirmation of a potential breakout or breakdown, adding to the strength of the trade setup. It is important to note that the ORB Indicator does not guarantee success, and traders should always consider other technical and fundamental factors before entering a trade.
Users can also create alerts for when price breaks above or below the opening range. This will provide up-to-date live alerts for traders who cannot be staring at their screens all day long.
Candle LevelsCandle Levels
Allows chart levels to be plotted automatically, simply add tool to chart and the interactive mode will prompt for candle selection, timeframe anchor and some label choices such as displaying time, price or disabling labels altogether.
Also a note can be supplied that will be shown in the labels if they're displayed, if not it'll be up in the indicator values if those are enabled. Colors and individual labels can be customized, encourage saving over defaults for repeated usage.
Levels calculated:
Standard OHLC
Close to open mid point
High to low mid point
High wick mid point (either between close or open, whichever is higher)
Low wick mid point (either between close or open, whichever is lower)
I have plans to better detected levels and labels overlap to perhaps do something with that, for now manually toggling display of label should suffice.
I've tested with various markets such as futures, standard stock markets and also various higher and lower timeframes, if something is found to not be working please let me know.
Enjoy!
Market Sessions - By LeviathanA simple indicator to help you keep track of 4 market sessions (default: Tokyo, London, New York, Sydney) in 4 different visual forms (boxes, timeline, zones, colored candles) with many other useful tools.
You can choose between 4 different market sessions. The default ones are Tokyo, London, New York and Sydney but you can easily customize the times, names and colors to make the script plot any session you need. Sessions can be viewed in 4 different ways: boxes, zones, timelines, or just colored candles, all with customizable appearances. You can make your chart cleaner by merging sessions overlaps, choosing a custom lookback period and also picking between various additional settings such as viewing session High/Low or Open/Close change in % or pips, hiding weekends, viewing the Open/Close Line to identify session’s direction and 0.5 level to see session’s “Equilibrium” and much more. More updates with interesting tools will be added in the future.
Note: The script will plot the correct default Tokyo, London, New York and Sydney sessions automatically, your chart/Tradingview app timezone does not matter! If you wish to tweak the open/close times of sessions, just make sure you input them in UTC (but even this can be changed later in the settings)
Settings Overview
SESSIONS
- You can show/hide Tokyo Session, rename it, change the color and set up start/end time.
- You can show/hide London Session, rename it, change the color and set up start/end time.
- You can show/hide New York Session, rename it, change the color and set up start/end time.
- You can show/hide Sydney Session, rename it, change the color and set up start/end time.
* Keep in mind that you can fully change and customize these sessions and therefore create any other sessions or a zone you wish to display.
ADDITIONAL TOOLS AND SETTINGS
1. “Change (Pips)” - this will add the pip distance between Session High and Session Low or the pip distance between Session Open and Session Close to the session label.
2. “Change (%)” - this will add the percentage distance between Session High and Session Low or the percentage distance between Session Open and Session Close to the session label.
3. “Merge Overlaps” - this will merge the overlapping sessions and show only one at a time (end of Tokyo is moved to start of London, the end of London is moved to the start of New York, end of New York is moved to start of Sydney and end of Sydney is moved to start of Tokyo).
4. “Hide Weekends” - this will prevent the script from plotting sessions over the weekend when the markets are closed.
5. “Open/Close Line” - this will draw a line from the session open to the session close (or current price, if session is ongoing).
6. “Session 0.5 Level” - this will draw a horizontal line halfway between the session’s high and the session’s low.
7. “Color Candles” - this will color the bars/candlesticks with the color of the session in which they occurred.
8. Display Type” - Choose between three different ways of session visualization (Boxes, Zones and Candles).
9. “Lookback (Days)” - this input tells the script to only draw sessions for X days back (1 = one day).
10. “Change (%/Pips) Source) - this is where you choose the source of “Change (Pips)” and ”Change (%) ” labels. Picking “Session High/Low” will show you the change between Session High and Session Low and picking “Session Open/Close” will show you the change between Session Open and Session Close.
11. “Input Timezone” - this defines the timezone of the session start/end inputs (you don’t have to change this unless you know what you’re doing)
Make sure to read future update logs to keep track of the most recent additions and settings of this script.
Box generation code inspired by Jos(TradingCode), session box visuals inspired by @boitoki's FX Market Sessions
