Dynamic Support and Resistance Pivot Strategy The Dynamic Support and Resistance Pivot Strategy is a flexible and adaptive tool designed to identify short-term support and resistance levels using the concept of price pivots.
### Key Elements of the Strategy
1. Pivot points as support and resistance levels
Pivots are significant turning points on the price chart, often marking local highs and lows where the price has reversed direction. A pivot high occurs when the price forms a local peak, while a pivot low occurs when the price forms a local trough. When a new pivot high is formed, it creates a resistance level. Conversely, when a new pivot low is formed, it creates a support level.
The strategy continuously updates these levels as new pivots are detected, ensuring they remain relevant to the current market conditions. By identifying these price levels, the strategy dynamically adjusts to market conditions, allowing it to adapt to both trending and ranging markets, since it has a long target and can perform reversal operations.
2. Entry Criteria
- Buy (Long): A long position is triggered when the price is near the support level and then crosses it from below to above. This suggests that the price has found support and may start moving upwards.
- Sell (Short): A short position is triggered when the price is near the resistance level and then crosses it from above to below. This indicates that the price may be reversing and moving downward.
3. Support/Resistance distance (%)
- This parameter establishes a percentage range around the identified support and resistance level. For example, if the Support Resistance Distance is 0.4% (default), the closing price must be within a range of 0.4% above support or below the resistance to be considered "close" and trigger a trade.
4. Exit criteria
- Take profit = 27 %
- Stop loss = 10 %
- Reversal if a new entry point is identified in the opposite direction
5. No Repainting
- The Dynamic Support and Resistance Pivot Strategy is not subject to repainting.
6. Position Sizing by Equity and risk management
- This strategy has a default configuration to operate with 35% of the equity. The stop loss is set to 10% from the entry price. This way, the strategy is putting at risk about 10% of 35% of equity, that is, around 3.5% of equity for each trade. The percentage of equity and stop loss can be adjusted by the user according to their risk management.
7. Backtest results
- This strategy was subjected to backtest and operations in replay mode on **1000000MOGUSDT.P**, with the inclusion of transaction fees at 0.12% and slipagge of 5 ticks, and the past results have shown consistent profitability. Past results are no guarantee of future results. The strategy's backtest results may even be due to overfitting with past data.
8. Chart Visualization
- Support and resistance levels are displayed as green (support) and red (resistance) lines.
- Pivot prices are displayed as green (pivot low) and red (pivot high) labels.
In this image above, the Support/Resistance distance (%) parameter was set to 0.8.
9. Default Configuration
Chart Timeframe: 1h
Pivot Lengh: 2
Support/Resistance distance (%): 0.4*
Stop Loss: 10 %
Take Profit: 27 %
* This parameter can alternatively be set to 0.8.
10. Alternative Configuration
Chart Timeframe: 20 min
Pivot Lengh: 4
Support/Resistance distance (%): 0.1
Stop Loss: 10 %
Take Profit: 25 %
BYBIT:1000000MOGUSDT.P
Pivot points and levels
Poisson Projection of Price Levels### **Poisson Projection of Price Levels**
**Overview:**
The *Poisson Projection of Price Levels* is a cutting-edge technical indicator designed to identify and visualize potential support and resistance levels based on historical price interactions. By leveraging the Poisson distribution, this tool dynamically adjusts the significance of each price level's past "touches" to project future interactions with varying degrees of probability. This probabilistic approach offers traders a nuanced view of where price levels may hold or react in upcoming bars, enhancing both analysis and trading strategies.
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**🔍 **Math & Methodology**
1. **Strata Levels:**
- **Definition:** Strata are horizontal lines spaced evenly around the current closing price.
- **Calculation:**
\
where \(i\) ranges from 0 to \(\text{Strata Count} - 1\).
2. **Forecast Iterations:**
- **Structure:** The indicator projects five forecast iterations into the future, each spaced by a Fibonacci sequence of bars: 2, 3, 5, 8, and 13 bars ahead. This spacing is inspired by the Fibonacci sequence, which is prevalent in financial market analysis for identifying key levels.
- **Purpose:** Each iteration represents a distinct forecast point where the price may interact with the strata, allowing for a multi-step projection of potential price levels.
3. **Touch Counting:**
- **Definition:** A "touch" occurs when the closing price of a bar is within half the increment of a stratum level.
- **Process:** For each stratum and each forecast iteration, the indicator counts the number of touches within a specified lookback window (e.g., 80 bars), offset by the forecasted position. This ensures that each iteration's touch count is independent and contextually relevant to its forecast horizon.
- **Adjustment:** Each forecast iteration analyzes a unique segment of the lookback window, offset by its forecasted position to ensure independent probability calculations.
4. **Poisson Probability Calculation:**
- **Formula:**
\
\
- **Interpretation:** \(p(k=1)\) represents the probability of exactly one touch occurring within the lookback window for each stratum and iteration.
- **Application:** This probability is used to determine the transparency of each stratum line, where higher probabilities result in more opaque (less transparent) lines, indicating stronger historical significance.
5. **Transparency Mapping:**
- **Calculation:**
\
- **Purpose:** Maps the Poisson probability to a visual transparency level, enhancing the readability of significant strata levels.
- **Outcome:** Strata with higher probabilities (more historical touches) appear more opaque, while those with lower probabilities appear fainter.
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**📊 **Comparability to Standard Techniques**
1. **Support and Resistance Levels:**
- **Traditional Approach:** Traders identify support and resistance based on historical price reversals, pivot points, or psychological price levels.
- **Poisson Projection:** Automates and quantifies this process by statistically analyzing the frequency of price interactions with specific levels, providing a probabilistic measure of significance.
2. **Statistical Modeling:**
- **Standard Models:** Techniques like Moving Averages, Bollinger Bands, or Fibonacci Retracements offer dynamic and rule-based levels but lack direct probabilistic interpretation.
- **Poisson Projection:** Introduces a discrete event probability framework, offering a unique blend of statistical rigor and visual clarity that complements traditional indicators.
3. **Event-Based Analysis:**
- **Financial Industry Practices:** Event studies and high-frequency trading models often use Poisson processes to model order arrivals or price jumps.
- **Indicator Application:** While not identical, the use of Poisson probabilities in this indicator draws inspiration from event-based modeling, applying it to the context of price level interactions.
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**💡 **Strengths & Advantages**
1. **Innovative Visualization:**
- Combines statistical probability with traditional support/resistance visualization, offering a fresh perspective on price level significance.
2. **Dynamic Adaptability:**
- Parameters like strata increment, lookback window, and probability threshold are user-defined, allowing customization across different markets and timeframes.
3. **Independent Probability Calculations:**
- Each forecast iteration calculates its own Poisson probability, ensuring that projections are contextually relevant and independent of other iterations.
4. **Clear Visual Cues:**
- Transparency-based coloring intuitively highlights significant price levels, making it easier for traders to identify key areas of interest at a glance.
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**⚠️ **Limitations & Considerations**
1. **Poisson Assumptions:**
- Assumes that touches occur independently and at a constant average rate (\(\lambda\)), which may not always align with market realities characterized by trends and volatility clustering.
2. **Computational Intensity:**
- Managing multiple iterations and strata can be resource-intensive, potentially affecting performance on lower-powered devices or with very high lookback windows.
3. **Interpretation Complexity:**
- While transparency offers visual clarity, understanding the underlying probability calculations requires a basic grasp of Poisson statistics, which may be a barrier for some traders.
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**📢 **How to Use It**
1. **Add to TradingView:**
- Open TradingView and navigate to the Pine Script Editor.
- Paste the script above and click **Add to Chart**.
2. **Configure Inputs:**
- **Strata Increment:** Set the desired price step between strata (e.g., `0.1` for 10 cents).
- **Lookback Window:** Define how many past bars to consider for calculating Poisson probabilities (e.g., `80`).
- **Probability Transparency Threshold (%):** Set the threshold percentage to map probabilities to line transparency (e.g., `25%`).
3. **Understand the Forecast Iterations:**
- The indicator projects five forecast points into the future at bar spacings of 2, 3, 5, 8, and 13 bars ahead.
- Each iteration independently calculates its Poisson probability based on the touch counts within its specific lookback window offset by its forecasted position.
4. **Interpret the Visualization:**
- **Opaque Lines:** Indicate higher Poisson probabilities, suggesting historically significant price levels that are more likely to interact again.
- **Fainter Lines:** Represent lower probabilities, indicating less historically significant levels that may be less likely to interact.
- **Forecast Spacing:** The spacing of 2, 3, 5, 8, and 13 bars ahead aligns with Fibonacci principles, offering a natural progression in forecast horizons.
5. **Apply to Trading Strategies:**
- **Support/Resistance Identification:** Use the opaque lines as potential support and resistance levels for placing trades.
- **Entry and Exit Points:** Anticipate price interactions at forecasted levels to plan strategic entries and exits.
- **Risk Management:** Utilize the transparency mapping to determine where to place stop-loss and take-profit orders based on the probability of price interactions.
6. **Customize as Needed:**
- Adjust the **Strata Increment** to fit different price ranges or volatility levels.
- Modify the **Lookback Window** to capture more or fewer historical touches, adapting to different timeframes or market conditions.
- Tweak the **Probability Transparency Threshold** to control the sensitivity of transparency mapping to Poisson probabilities.
**📈 **Practical Applications**
1. **Identifying Key Levels:**
- Quickly visualize which price levels have historically had significant interactions, aiding in the identification of potential support and resistance zones.
2. **Forecasting Price Reactions:**
- Use the forecast iterations to anticipate where price may interact in the near future, assisting in planning entry and exit points.
3. **Risk Management:**
- Determine areas of high probability for price reversals or consolidations, enabling better placement of stop-loss and take-profit orders.
4. **Market Analysis:**
- Assess the strength of market levels over different forecast horizons, providing a multi-layered understanding of market structure.
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**🔗 **Conclusion**
The *Poisson Projection of Price Levels* bridges the gap between statistical modeling and traditional technical analysis, offering traders a sophisticated tool to quantify and visualize the significance of price levels. By integrating Poisson probabilities with dynamic transparency mapping, this indicator provides a unique and insightful perspective on potential support and resistance zones, enhancing both analysis and trading strategies.
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**📞 **Contact:**
For support or inquiries, please contact me on TradingView!
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**📢 **Join the Conversation!**
Have questions, feedback, or suggestions for further enhancements? Feel free to comment below or reach out directly. Your input helps refine and evolve this tool to better serve the trading community.
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**Happy Trading!** 🚀
Pivot Market StructureDescription and Features
This script is designed to enhance technical analysis by identifying key market structure levels. It uses a price action trail (based on the last highest/lowest price) and pivot points to track market trends, offering insights into potential reversal zones or trend continuation signals.
How the Script Works
High/Low Trail Logic: The script includes a trail mechanism that compares the current price with the last highest and lowest price, determining whether the price has breached these levels. This helps pinpoint key price action events and potential trend shifts. Unlike pivot points the price action trail is more responsive changes within the market structure.
Step Size and Length for High/Low Trail:
- The Step Length parameter defines how many bars are used to compare the current price against the last highest/lowest price, providing a measure of price extremes.
- The Length parameter determines the number of bars considered for calculating the highest/lowest price since the last price action event (either price surpassing a previous high or dipping below a previous low).
Pivot Point Calculation: Pivot Point Highs are calculated by the number of bars with lower highs on either side of a Pivot Point High calculation. Similarly, Pivot Point Lows are calculated by the number of bars with higher lows on either side of a Pivot Point Low calculation. The script draws a line from/to every calculated pivot point to highlight market structure extremes. It can optionally extend these pivot lines to the left for added context, providing historical reference for decision-making.
Summary
By combining both pivot analysis and price action trailing techniques, the script provides a comprehensive view of a pivot point based market structure.
Dow waveform analyzerDow Waveform Analyzer
1. Overview and Features of the Indicator
This indicator is a tool designed to analyze chart waveforms based on Dow Theory, identifying swing lows (support) and swing highs (resistance). It allows users to quickly and consistently determine trend direction. Compared to manual analysis, it provides more efficient and accurate results.
By using swing lows and swing highs, the indicator offers a more detailed understanding of trends than simple updates to highs and lows, aiding in the creation of effective trading strategies.
2. Identifying Wave Lows and Highs
Stock prices do not move in straight lines; instead, they rise and fall in waves. This indicator starts by identifying the wave lows and wave highs.
- Wave Low: The lowest point during a temporary price decline.
- Wave High: The highest point during a temporary price increase.
These are automatically identified using Pine Script’s built-in functions `pivotlow` and `pivothigh`.
3. Drawing the Waveform
The identified wave lows and highs are alternately connected to draw the waveform. However, there are cases where wave lows or highs occur consecutively:
- Consecutive Wave Lows: The lower low is used for drawing the waveform.
- Consecutive Wave Highs: The higher high is used for drawing the waveform.
4. Tracking Swing Lows/Highs and Trend Determination
Swing lows and swing highs are crucial markers that indicate the state of wave progression:
- Swing Low: The starting point of a wave (wave low) when the closing price exceeds the previous wave high.
- Swing High: The starting point of a wave (wave high) when the closing price falls below the previous wave low.
The changes in swing lows and swing highs as the waves progress allow for trend state determination.
5. Examples of Trend States
During an Uptrend:
- When the price surpasses a wave high, the swing low is updated, confirming the continuation of the uptrend.
End of an Uptrend:
- When the price falls below the swing low, the swing low disappears, and a swing high appears, signaling the end of the uptrend.
Sideways Movement:
- Swing lows and swing highs alternately appear, indicating a sideways trend.
Start of a Downtrend:
- When the price breaks below a wave low for the first time, the swing high is updated, confirming the start of the downtrend.
During a Downtrend:
- When the price breaks below a wave low, the swing high is updated, confirming the continuation of the downtrend.
End of a Downtrend:
- When the price surpasses a wave high, the swing high disappears, and a swing low reappears, signaling the end of the downtrend.
Restart of an Uptrend:
- When the swing low is updated, the uptrend resumes. The uptrend begins when the price surpasses a wave high, and the swing low is updated for the first time.
6. Applications
Trade Entries and Exits:
- Set stop orders for entry at the price level where a trend starts.
- Set stop orders for exit at the price level where a trend ends.
Trend Filtering:
- Use the indicator to confirm whether market conditions are suitable for entry based on the trend state. Analyze waveforms to aid trading strategies.
Guide for Drawing Trendlines:
- Utilize wave lows and highs as starting and ending points when drawing trendlines with drawing tools.
7. Parameters and Display Items
Pivot Points:
- Wave lows are marked with circles below the candlestick’s low, and wave highs are marked with circles above the candlestick’s high.
Number of Bars for Pivot Calculation:
- Specify the number of bars on either side used to identify highs (default: 2).
Waveform:
- Specify the color (default: blue) or toggle its visibility (default: visible).
Swing Lows/Highs:
- Displayed as large circles. The rightmost large circle on the chart indicates the current swing low or swing high. Historical swing points are also displayed to show the progression of state changes. Specify the color (default: green) or toggle visibility (default: visible).
1. インジケーターの概要と特徴
このインジケーターは、ダウ理論を基にチャートの波形を分析し、押し安値や戻り高値を特定するツールです。これにより、トレンドの方向を迅速かつ一貫して判断できます。手動での分析と比較して、効率的かつ精度の高い結果が得られる点が特徴です。
押し安値や戻り高値を利用することで、単純な高値・安値の更新よりも詳細にトレンドの状況を把握し、効果的な取引戦略の構築に役立ちます。
2. 波の谷と波の頂の特定
株価は直線的に動くのではなく、波を描きながら上昇や下落を繰り返します。このインジケーターは、まず波の谷と波の頂を特定するところから始まります。
波の谷: 一時的な下落の最安値
波の頂: 一時的な上昇の最高値
これらを Pine Script の内蔵関数（ピボットローとピボットハイ）を用いて自動的に特定しています。
3. 波形の描画方法
特定した波の谷と波の頂を交互に結んで波形を描画します。ただし、波の谷や頂が連続する場合があります。
波の谷が連続する場合: より低い谷を採用して波形を描く
波の頂が連続する場合: より高い頂を採用して波形を描く
4. 押し安値・戻り高値の追跡とトレンド判断
押し安値と戻り高値は、波の進行状況を示す重要な指標です。
押し安値: 終値が前回の高値を超えた際の波の谷
戻り高値: 終値が前回の安値を割り込んだ際の波の頂
波の進行に伴う押し安値・戻り高値の変化から、トレンドの状態を判断します。
5. トレンド状態の具体例
上昇トレンド中:
波の頂を株価が上抜け押し安値が更新され続けることで上昇トレンドを継続。
上昇トレンドの終了:
株価が押し安値を割ると、押し安値が消え、戻り高値が新たに出現して、上昇トレンドを終了。
横ばい状態:
押し安値と戻り高値が交互に切り替わる。
下降トレンドの開始:
波の谷を株価が下抜け戻り高値がはじめて更新されることで下降トレンド開始を確認。
下降トレンド中:
波の谷を株価が下抜け戻り高値が更新され続けることで下降トレンドを継続。
下降トレンドの終了:
株価が波の頂を超えると、戻り高値が消え、押し安値が再び出現して、下降トレンドを終了。
横ばい状態:
押し安値と戻り高値が交互に切り替わる。
上昇トレンドの再開:
押し安値が更新されることで上昇トレンドを確認。
波の頂を株価が上抜け押し安値がはじめて更新されることで上昇トレンド開始を確認。
6. 応用例
トレードのエントリーとエグジット:
トレンド発生の価格に逆指値を設定してエントリー。
トレンド終了の価格に逆指値を設定してエグジット。
トレンドフィルターとして活用:
エントリーに適したトレンド状況かを確認。波形を分析してトレード戦略の参考に。
トレンドラインを描く時の参考として活用:
波の谷と頂を描画ツールを使ってトレンドラインを描く時の起点や終点として活用。
7. パラメーターと表示項目
ピボット: 波の谷はローソク足の安値にサークルを表示、波の頂はローソク足の高値にサークルを表示。
ピボット計算用のバーの数: 高値を特定するために左右何本のローソク足を使用するかを設定（初期値: 2）。
波形: 色（初期値: 青）や表示（初期値: 表示）の指定。
押し安値・戻り高値: 大きなサークルで表示。チャートの一番右の大きなサークルが現在のもの。過去のものも状態変化の経緯を示すために表示。色（初期値: 緑）や表示（初期値: 表示）の指定。
Swing Points AlertSwing Points Alert with Adjustable Delay
Description:
This script is designed to detect and alert traders about significant swing highs and lows on the chart. The script is equipped with customizable pivot detection settings and an innovative **Alert Delay** mechanism, allowing users to fine-tune their notifications to reduce noise and focus on key price movements.
Key Features:
1. **Swing High/Low Detection:**
- Identifies swing highs and lows based on user-defined pivot length.
- Visualizes these points with customizable labels for clarity.
2. **Customizable Alerts:**
- Enables real-time alerts for swing highs and lows.
- Users can adjust the delay for alerts to avoid false signals during volatile periods.
3. **Dynamic Label Management:**
- Automatically manages the number of displayed swing point labels.
- Removes crossed or outdated labels based on user preferences.
4. **Flexible Label Styling:**
- Provides multiple label styles (e.g., triangles, circles, arrows) and color customization for both swing highs and lows.
How the Alert Delay Works:
The **Alert Delay** helps filter signals by introducing a delay before triggering alerts. The delay is calculated as follows:
**Alert Delay (%) x Time Frame = Alert Delay in Time Frame Units**
For example:
- If the **Alert Delay** is set to 30% and the timeframe is **15 minutes**, the alert will be triggered after a delay of:
\
This ensures the alert is triggered only if the swing high/low condition remains valid for at least 4.5 minutes.
Important Notes:
1. **Timeframe Sensitivity:**
- This script is optimized for use across various timeframes, but users must adjust the **Alert Delay** percentage to match their trading style and timeframe.
- For example, higher timeframes may require lower delay percentages for timely alerts.
2. **Customization Options:**
- Easily customize pivot detection length, alert delay, label styles, and colors to suit your preferences.
3. **Support:**
- If you encounter any challenges or need help optimizing the script for your specific trading scenario, feel free to reach out for assistance.
Comprehensive Trading Toolkit [BigBeluga]Trading Toolkit is a comprehensive indicator inspired by the trading strategies of the renowned crypto influencer Michaël van de Poppe . This tool combines RSI divergences, correction zones, and advanced support/resistance levels to provide traders with a robust framework for analyzing market movements.
🔵 Key Features:
RSI Divergences on Chart:
Automatically identifies and plots RSI divergences (bullish and bearish) directly on the main price chart.
Green lines indicate bullish divergences, suggesting potential upward reversals.
Red lines indicate bearish divergences, signaling possible downward movements.
Correction Boxes:
Traders typically define a correction as a drop in value of 10% or more. This drop can happen over a few hours or a few days. Also, it can last for less than 24 hours or many months.
This indicator visualizes corrections with blue shaded boxes, triggered by a percentage decline defined in the settings.
The boxes highlight sharp price drops, helping traders identify significant market movements quickly.
Advanced Support and Resistance Levels:
Dynamically detects key support and resistance levels based on price pivots.
When the price is above a level, it plots a green shaded area from the cross point, marking support.
When the price drops below a level, it plots a red shaded area, highlighting resistance.
Dashed lines indicate weaker levels, while solid lines represent stronger, more reliable levels.
🔵 Usage:
Identify Divergences: Use plotted RSI divergences to detect potential market reversals and align them with price action.
Analyze Correction Zones: Utilize correction boxes to evaluate significant price declines and find potential buying opportunities during these corrections.
Leverage Support and Resistance Levels: Confirm breakouts, reversals, or consolidation zones with the color-coded areas.
Enhance Risk Management: Combine divergences and correction zones to set informed stop-loss or take-profit levels.
Trading Toolkit empowers traders with actionable insights into market trends, corrections, and support/resistance dynamics, making it an invaluable tool for crypto and forex markets.
Multi-ticker Daily Pivot AlertDescription:
The Big Tech Daily Pivot Alert is a powerful TradingView indicator designed to monitor daily pivot points for major tech and market-leading tickers. It provides real-time alerts when prices approach their daily pivot levels, helping traders identify potential trading opportunities during the U.S. market hours.
Key Features:
Multi-Ticker Monitoring: Tracks the daily pivot points for top tech and market tickers, including NVDA, TSLA, AMZN, NFLX, SPY, QQQ, GOOGL, MSFT, META, and AAPL.
Daily Pivot Calculations: Uses yesterday's high, low, and close prices to calculate the pivot point for each ticker.
Real-Time Alerts: Sends instant alerts when the open, high, low, or current price is near the pivot point (within 0.25% tolerance).
Time-Sensitive Alerts: Operates exclusively during U.S. market hours (6:00 AM to 1:00 PM PST) on weekdays (Monday to Friday).
Customizable Alert Format: Alerts are sent as JSON payloads for seamless integration with platforms like Discord or other webhook-supported systems.
How It Works:
The indicator calculates the daily pivot point for each ticker using the formula:
Pivot Point = (High + Low + Close) / 3
It continuously monitors the open, high, low, and current prices of each ticker on a 1-minute timeframe.
If any value approaches the pivot point within a configurable threshold (default: 0.25%), it triggers an alert with detailed information for all tickers meeting the criteria.
Who Should Use It:
Day Traders: Spot potential price reversal or breakout levels based on pivot point testing.
Swing Traders: Identify key levels of support and resistance to inform trading decisions.
Tech and Market Enthusiasts: Stay updated on critical price levels for major tech and market tickers.
Instructions:
Add the indicator to your chart.
Configure your webhook endpoint to receive alerts (e.g., Discord or Slack).
Monitor alerts for actionable opportunities when prices test pivot points.
Adjustable ORB with ORB Multipliers 1x or 2x by dhaval chhayaniKey Features:
Adjustable Timeframe:
The ORB is calculated using a user-defined timeframe, which defaults to 15 minutes.
Dynamic High/Low Levels:
Identifies the high and low of the first bar of the specified timeframe for each trading day.
Resets these levels at the start of each new day.
Multipliers for Breakout Levels:
Calculates breakout levels using 1.3x and 2x the ORB range, both above and below the opening range.
Displays these levels on the chart with user-controlled visibility.
Labels for Breakout Levels:
Adds labels (1x, 2x) at the breakout levels for better visualization.
Dynamically updates or removes labels based on current conditions.
Visual Representation:
The opening range (high and low) is plotted with blue lines and filled with a shaded area for clarity.
Breakout levels are plotted in white and yellow, representing the respective multipliers.
Day-Specific Logic:
Ensures the indicator only operates for the current day and clears data for previous or upcoming days.
OCM Quarter Point Autopilot - A Multi-Timeframe Quarter TheoryDescription:
The OCM Quarter Point Autopilot indicator automates the application of Quarters Theory across multiple timeframes and instruments. It creates a comprehensive grid of support and resistance levels based on two user-defined price points (Monthly QTPs).
Key Features:
- Automatically calculates and displays quarter points across 5 timeframes:
• Monthly (Black lines)
• Weekly (Blue lines)
• Daily (Green lines)
• 4-Hour (Red lines)
• 1-Hour (Purple lines)
- Shows both upper and lower ranges, which can be toggled on/off
- Visual hierarchy through color-coding for easy timeframe identification
- Extends lines 2 years into the past and 6 months into the future
Usage:
1. Enter two Monthly Quarter Trading Points (QTPs)
2. The indicator automatically:
- Calculates midpoints (weekly)
- Quarter points (daily)
- Eighth points (4-hour)
- Further subdivisions (1-hour)
Benefits:
- Identifies potential support/resistance levels
- Helps spot key price targets
- Works on any instrument where psychological levels matter
- Provides multiple timeframe analysis in one view
Best suited for traders who:
- Follow multi-timeframe analysis
- Trade using support/resistance levels
- Want to identify potential price targets
- Need structured price levels for entries/exits
The indicator combines the systematic approach of Quarters Theory with automated calculation and visualization, making it easier to identify key price levels across multiple timeframes.
Follow Through Day (FTD) + Sweep [TrendX_]The Follow Through Day (FTD) + Sweep indicator is a Trend-following tool mixing William O'Neil's original FTD concept and Liquidity concept. This indicator helps you identify potential subsequent bullish trends with greater precision by combining volume analysis, price action, and liquidity concepts.
💎 FEATURES
Follow Through Day Candle (FTD Candle)
The FTD, pioneered by William O'Neil, serves as a reliable signal for identifying the beginning of new bull markets. It's particularly valuable because it combines multiple market factors - price action, volume, and timing - to confirm genuine market reversals rather than temporary bounces.
The power of the FTD lies in its ability to distinguish between ordinary market fluctuations and significant trend changes. By requiring specific criteria to be met across multiple sessions, it helps filter out false signals and identifies high-probability reversal points where institutional investors are likely beginning to accumulate positions.
Sweep Area
The Sweep area feature enhances the traditional FTD concept by incorporating modern liquidity analysis. This overlay identifies zones where large market participants are likely to trigger stop losses before continuing the trend. These areas often represent optimal entry points for traders looking to join the new uptrend with reduced risk.
🔎 BREAKDOWN
FTD Candle
The FTD formation process occurs in two distinct phases: Setup and Completion.
Setup Phase
Strong Market Decline
The market must first experience a significant downtrend
This selling pressure helps clear out weak hands and creates oversold conditions
The decline creates the potential energy for a powerful reversal
First Recovery Session
Marks the initial sign of buying pressure emerging
Often characterized by a strong reversal candle
Represents the first indication that selling pressure may be exhausting
Recovery Confirmation
The second and third days must maintain prices above the new pivot low
This consolidation period helps confirm the validity of the initial bounce
Shows that sellers are no longer in control of price action
Completion Phase:
Supply Test Session
Low volume indicates diminishing selling pressure
Price remains above the pivot low
Creates the foundation for institutional buyers to begin accumulating
Breakout Day
Price increase exceeds average profit of bullish candles
Volume increases by at least 15% compared to previous session
Shows strong institutional commitment to the new uptrend
Timing Window
Must occur between the 4th and 8th candle after First Recovery Session
This specific timing helps confirm the sustainability of the reversal
Based on O'Neil's research of historical market bottoms
FTD Sweep
The Post-FTD Phase introduces the Sweep concept, which is crucial for understanding how large market participants operate. This feature leverages the liquidity concept because institutional traders often need to trigger stop losses to accumulate larger positions at better prices. This helps:
Create liquidity pools for large position entries
Shake out weak hands before continuing the trend
Test the strength of the new trend by absorbing selling pressure
⚙️ USAGE
Sweep + TP & SL Strategy
Example: BTCUSDT (1D) - Replay back to 9th November 2024
After an FTD candle forms, traders can adopt a systematic approach to enhance their trading strategy. First, they should determine the swing range and convert the post-FTD zone into concrete stop loss and take profit levels, which are based on the price action during the FTD formation. Next, traders should wait for a sweep formation, as this indicates that institutional players are accumulating positions. A quick price rejection from the sweep level should be observed before executing an entry.
The reasoning behind this strategy is rooted in market microstructure. By waiting for the sweep, traders position themselves alongside institutional players who need to build large positions without causing adverse price movement. The sweep creates the liquidity they need, and the subsequent move often represents the true trend continuation.
DISCLAIMER
This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.
Session Averages: Open, High, LowThis indicator allows for the user to specify an intraday time based range and calculate the average open price, average high price, and average low price for that session. The indicator plots the 5 most recent sessions on the chart, which allows for the user to identify fair value, Power of 3 movements, trends, and consolidations.
If bullish the user can identify when price is below the average open or low price of a range, and if bearish can identify when price is above the open or high of a range.
FVG Detector (Gholam version)The Fair Value Gap (FVG) Detector is a powerful tool designed to identify and highlight potential imbalance areas in the market. Fair Value Gaps, also known as "FVG" or "Liquidity Gaps," are price ranges where there has been little or no trading activity. These gaps can often act as key levels of support or resistance and may represent areas where price is likely to return to for a fill, providing potential trading opportunities.
This indicator automatically scans and marks these gaps on the chart, helping traders quickly spot areas of interest for potential reversals or continuation patterns.
Previous_DWMQY_High/Low & PivotsThis script calculates high/low pivots for different timeframes (daily, weekly, monthly, quarterly, and yearly). You have various pivot point calculation methods (Traditional, Fibonacci, Woodie, Classic, DM, Camarilla) and have inputs that allow customization of the indicator. The script also accounts for custom year-based calculations (bi-yearly, tri-yearly, quinquennially, decennially).
The first part of your code calculates the high and low levels for different timeframes, which are plotted on the chart as crosses. The second part involves the pivot point calculations, where the user selects the type of pivot point calculation (Traditional, Fibonacci, etc.), the timeframe for pivots, and other display settings.
High Volume Support and Resistance Levels2مؤشر "High Volume Support and Resistance Levels" هو أداة تحليل تقني تهدف إلى مساعدة المتداولين في تحديد مستويات الدعم والمقاومة الأكثر أهمية بناءً على أحجام التداول العالية. يعتمد المؤشر على فكرة أن المستويات التي تحدث عندها أحجام تداول كبيرة هي نقاط مهمة حيث يكون للسعر احتمالية كبيرة للتوقف أو الارتداد أو حتى الكسر.
فوائد استخدام المؤشر:
يتم تحديد مستويات الدعم والمقاومة بناءً على النشاط الكبير في السوق، مما يعكس أهمية هذه المستويات بالنسبة للمتداولين الآخرين هذه المستويات تعتبر نقاط رئيسية لاتخاذ قرارات التداول.
تحليل البيانات بسهولة بدلاً من الاعتماد على تحليل يدوي أو تخمين مستويات الدعم والمقاومة، يقوم المؤشر بمعالجة البيانات تلقائيًا لتوفير مستويات دقيقة.
يساعد المؤشر على التعرف على كسر الدعم أو المقاومة، وهو أمر يمكن أن يكون إشارة لبداية اتجاه جديد أو تغيير في الزخم.
تخصيص كامل حسب احتياجات المتداول:
القدرة على تحديد عدد المستويات المطلوبة (1 إلى 6 مستويات).
إمكانية اختيار ألوان الخطوط وسمكها لتتناسب مع التفضيلات الشخصية.
تنبيهات للكسر:
يرسل المؤشر تنبيهًا عندما يتجاوز السعر مستوى مقاومة أو دعم رئيسي. هذا التنبيه يمكن أن يساعد في اتخاذ قرارات سريعة للتداول.
الدقة:
المؤشر يقوم بتحليل أحجام التداول خلال فترة محددة (مثل 500 شمعة) مما يجعل نتائجه قائمة على بيانات دقيقة وموثوقة.
كيف يعمل المؤشر؟
تحليل الشموع السابقة:
المؤشر يقوم بمراجعة عدد معين من الشموع السابقة (الفترة الزمنية تُحدد في الإعدادات).
يتم اختيار الشموع ذات أحجام التداول الأعلى.
رسم خطوط الدعم والمقاومة:
يتم رسم خطوط أفقية على الرسم البياني عند أعلى وأدنى سعر للشموع ذات أحجام التداول العالية.
الخطوط تمثل مستويات الدعم والمقاومة الرئيسية.
التنبيه عند الكسر:
إذا تجاوز السعر أعلى مستوى مقاومة، يعتبر ذلك إشارة إلى كسر صعودي (Breakout).
إذا انخفض السعر أسفل مستوى الدعم، يعتبر ذلك إشارة إلى كسر هبوطي.
تنويه:
المؤشر هو أداة مساعدة فقط ويجب استخدامه مع التحليل الفني والأساسي لتحقيق أفضل النتائج.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView.
Introduction to the indicator:
The "High Volume Support and Resistance Levels" indicator is a technical analysis tool that aims to help traders identify the most important support and resistance levels based on high trading volumes. The indicator is based on the idea that levels at which high trading volumes occur are important points where the price has a high probability of stopping, rebounding or even breaking.
Benefits of using the indicator:
Support and resistance levels are determined based on high market activity, reflecting the importance of these levels to other traders. These levels are key points for making trading decisions.
Easily analyze data Instead of relying on manual analysis or guessing support and resistance levels, the indicator automatically processes the data to provide accurate levels.
The indicator helps identify a break of support or resistance, which can be a signal of the beginning of a new trend or a change in momentum.
Fully customizable to the needs of the trader:
Ability to specify the number of levels required (1 to 6 levels).
Possibility to choose the colors and thickness of the lines to suit personal preferences.
Break Alerts:
The indicator sends an alert when the price breaks a major resistance or support level. This alert can help in making quick trading decisions.
Accuracy:
The indicator analyzes the trading volumes over a specific period (such as 500 candles) making its results based on accurate and reliable data.
How does the indicator work?
Previous candle analysis:
The indicator reviews a certain number of previous candles (the time period is specified in the settings).
Candles with the highest trading volumes are selected.
Drawing support and resistance lines:
Horizontal lines are drawn on the chart at the highest and lowest prices of candles with high trading volumes.
The lines represent the main support and resistance levels.
Breakout alert:
If the price exceeds the highest resistance level, this is a signal for an upward breakout.
If the price drops below the support level, this is a signal for a downward breakout.
Disclaimer:
The indicator is an auxiliary tool only and should be used in conjunction with technical and fundamental analysis to achieve the best results.
Disclaimer
The information and posts are not intended to be, or constitute, any financial, investment, trading or other types of advice or recommendations provided or endorsed by TradingView.
BK BB Horizontal LinesIndicator Description:
I am incredibly proud and excited to share my second indicator with the TradingView community! This tool has been instrumental in helping me optimize my positioning and maximize my trades.
Bollinger Bands are a critical component of my trading strategy. I designed this indicator to work seamlessly alongside my previously introduced tool, "BK MA Horizontal Lines." This indicator focuses specifically on the Daily Bollinger Bands, applying horizontal lines to the bands which is displayed in all timeframes. The Daily bands in my opinion hold a strong significance when it comes to support and resistance, knowing your current positioning and maximizing your trades. The settings are fully adjustable to suit your preferences and trading style.
If you find success with this indicator, I kindly ask that you give back in some way through acts of philanthropy, helping others in the best way you see fit.
Good luck to everyone, and always remember: God gives us everything. May all the glory go to the Almighty!
Central Pivot Range (CPR)Central Pivot Range (CPR) Indicator
The Central Pivot Range (CPR) indicator is designed to help traders identify key levels of support and resistance based on pivot points calculated from the previous day's price action. The CPR levels act as critical areas of price convergence and potential reversal, which can help in anticipating future price movements. This version of the CPR indicator includes customizable features to enhance your trading strategy.
Key Features:
Custom Timeframe Support: The indicator allows you to select a custom timeframe for calculating the CPR levels. By default, it uses the daily timeframe ('D'), but you can adjust it to any other timeframe of your choosing. The indicator calculates the CPR and support/resistance levels based on the data from the selected timeframe.
Central Pivot (CP), Below Central Pivot (BC), and Top Central Pivot (TC):
Pivot (CP): The central pivot point is calculated as the average of the high, low, and close prices of the selected timeframe.
Below Central Pivot (BC): This is the midpoint between the high and low prices of the selected timeframe.
Top Central Pivot (TC): This is calculated based on the central pivot and below central pivot, providing a range between support and resistance levels.
Support and Resistance Levels (S1, S2, S3, R1, R2, R3):
Support Levels (S1, S2, S3): These are calculated based on the central pivot, providing potential areas where price may find support and reverse.
Resistance Levels (R1, R2, R3): These are calculated similarly but indicate potential resistance zones where price may face challenges to move higher.
Dynamic Plotting Based on User Input:
The indicator allows you to choose which levels to display on the chart, including the Central Pivot (CP), Support Levels (S1, S2, S3), and Resistance Levels (R1, R2, R3), all of which can be toggled on or off via checkboxes.
CP is displayed in white, BC and TC in blue, Support levels (S1, S2, S3) in green, and Resistance levels (R1, R2, R3) in red.
Daywise Calculations:
The CPR and levels are based on the previous day’s price action, providing historical support and resistance levels that can be useful for intraday analysis.
The request.security function is used to fetch the pivot data from the custom timeframe, ensuring the levels are calculated based on the last completed period (previous day) without repainting.
Customization Options:
CPR Plot: Toggle the visibility of the central pivot range (CPR) lines.
Support Levels (S1, S2, S3): Choose to show or hide the support levels.
Resistance Levels (R1, R2, R3): Choose to show or hide the resistance levels.
Custom Timeframe: Set a custom timeframe for calculating the CPR, allowing for more flexible and tailored analysis.
Bitcoin Reversal PredictorOverview
This indicator displays two lines that, when they cross, signal a potential reversal in Bitcoin's price trend. Historically, the high or low of a bull market cycle often occurs near the moment these lines intersect. The lines consist of an Exponential Moving Average (EMA) and a logarithmic regression line fitted to all of Bitcoin's historical data.
Inspiration
The inspiration for this indicator came from the PI Cycle Top indicator, which has accurately predicted past bull market peaks. However, I believe the PI Cycle Top indicator may not be as effective in the future. In that indicator, two lines cross to mark the top, but the extent of the cross has been diminishing over time. This was especially noticeable in the 2021 cycle, where the lines barely crossed. Because of this, I created a new indicator that I think will continue to provide reliable reversal signals in the future.
How It Works
The logarithmic regression line is fitted to the Bitcoin (BTCUSD) chart using two key factors: the 'a' factor (slope) and the 'b' factor (intercept). This results in a steadily decreasing line. The EMA oscillates above and below this regression line. Each time the two lines cross, a vertical colored bar appears, indicating that Bitcoin's price momentum is likely to reverse.
Use Cases
- Price Bottoming:
Bitcoin often bottoms out when the EMA crosses below the logarithmic regression line.
- Price Topping:
In contrast, Bitcoin often peaks when the EMA crosses above the logarithmic regression line.
- Profitable Strategy:
Trading at the crossovers of these lines can be a profitable strategy, as these moments often signal significant price reversals.
Bitcoin Logarithmic Regression BandsOverview
This indicator displays logarithmic regression bands for Bitcoin. Logarithmic regression is a statistical method used to model data where growth slows down over time. I initially created these bands in 2019 using a spreadsheet, and later coded them in TradingView in 2021. Over time, the bands proved effective at capturing Bitcoin's bull market peaks and bear market lows. In 2024, I decided to share this indicator because I believe these logarithmic regression bands offer the best fit for the Bitcoin chart.
How It Works
The logarithmic regression lines are fitted to the Bitcoin (BTCUSD) chart using two key factors: the 'a' factor (slope) and the 'b' factor (intercept). The two lines in the upper and lower bands share the same 'a' factor, but I adjust the 'b' factor by 0.2 to more accurately capture the bull market peaks and bear market lows. The formula for logaritmic regression is 10^((a * ln) - b).
How to Use the Logarithmic Regression Bands
1. Lower Band (Support Band):
The two lines in the lower band create a potential support area for Bitcoin’s price. Historically, Bitcoin’s price has always found its lows within this band during past market cycles. When the price is within the lower band, it suggests that Bitcoin is undervalued and could be set for a rebound.
2. Upper Band (Resistance Band):
The two lines in the upper band create a potential resistance area for Bitcoin’s price. Bitcoin has consistently reached its highs in this band during previous market cycles. If the price is within the upper band, it indicates that Bitcoin is overvalued, and a potential price correction may be imminent.
Use Cases
- Price Bottoming:
Bitcoin tends to bottom out at the lower band before entering a prolonged bull market or a period of sideways movement.
- Price Topping:
In reverse, Bitcoin tends to top out at the upper band before entering a bear market phase.
- Profitable Strategy:
Buying at the lower band and selling at the upper band can be a profitable trading strategy, as these bands often indicate key price levels for Bitcoin’s market cycles.
Swing Structure Scanner [LuxAlgo]The Swing Structure Scanner Indicator is a dashboard type indicator which displays a Consolidated "High/Low-Only" view of swing structure, with the capability to retrieve and display swing points from up to 6 different tickers and timeframes at once.
🔶 USAGE
This indicator displays swing structure data from up to 6 unique tickers or timeframes; Each graph represents the current swing structure retrieved from the requested chart/s.
Each swing graph displays the current live swing point positioning relative to the previous swing points. By analyzing the different formations, patterns can more easily be recognized and found across multiple tickers or timeframes at once.
This indicator serves as a nifty tool for confluence recognition, whether that's confluence throughout market tickers, or confluence through higher timeframes on the same ticker.
Alternatively, viewing the relative positioning of each swing point to each other, should give a clearer idea when higher lows or lower highs are formed. This can potentially indicate a newly forming trend, as well as serving as a warning to watch for breakouts.
The swing length can be changed to align with each individual's strategy, as well as a display look back can be adjusted to show more or less swing points at one time.
The display is fairly customizable, it is not fixed to 6 symbols at all times and can be minimized to only display the number of symbols needed; Additionally, the display can be set to vertical mode or horizontal(default) to utilize as needed.
Note: Hover over the swing point in the dashboard to get a readout of the exact price level of the swing point.
🔶 SETTINGS
Swing Length: Set the swing length for the structure calculations.
Swing Display Lookback: Sets the number of swing points (Pairs) to display in each Swing Graph display.
Symbols: Sets the Timeframe and Symbol for each Swing Graph.
Vertical Display: Display the Swing Graphs up and down, rather than side to side.
Scaling Factor: Scales the entire indicator up or down, to fit your needs.
Eroina Trend Reversal Indicator with ConfirmationsEroina Trend Reversal Indicator with Confirmations
Overview (English):
The Trend Reversal Indicator with Confirmations is designed to identify potential trend reversals by analyzing dynamic resistance and support levels. This script uses a robust confirmation system to reduce false signals, making it ideal for traders who seek disciplined, data-driven decisions.
Key Features:
• Dynamic Levels: Calculates resistance and support levels based on user-defined lengths.
• Breakout Confirmation: Confirms trend reversals by validating price action over a specified number of candles.
• Visual Cues: Displays “LONG” and “SHORT” signals directly on the chart, alongside resistance/support levels.
• Customizable Parameters: Adaptable to different timeframes and market conditions.
How It Works:
1. Resistance & Support Levels:
• Resistance: Calculated as the highest high over the last N bars.
• Support: Calculated as the lowest low over the last N bars.
2. Breakout Detection:
• A resistance breakout occurs when the price closes above the resistance level.
• A support breakout occurs when the price closes below the support level.
3. Confirmation Logic:
• Signals are validated only if the price remains above/below the levels for a user-defined number of candles.
4. Entry Signals:
• “LONG” signals indicate a confirmed breakout above resistance.
• “SHORT” signals indicate a confirmed breakdown below support.
Settings:
• Resistance Length: Defines the number of candles used to calculate resistance levels.
• Support Length: Defines the number of candles used to calculate support levels.
• Confirmation Candles: Specifies how many candles are required to confirm breakouts.
Usage:
This indicator is ideal for identifying trend reversals and optimizing entry points. Combine it with volume analysis or other technical indicators to enhance accuracy. For example:
• Use in conjunction with RSI to avoid overbought/oversold conditions.
• Combine with moving averages to confirm the trend direction.
Overview (Additional Language):
(Your additional language description can go here after English, e.g., Russian, Spanish, etc.)
TAPDA Hourly Open Lines (Candle Body Box)-What is TAPDA?
TAPDA (Time and Price Displacement Analysis) is based on the belief that markets are driven by algorithms that respond to key time-based price levels, such as session opens. Traders who follow TAPDA track these levels to anticipate price movements, reversals, and breakouts, aligning their strategies with the patterns left by these underlying algorithms. By plotting lines at specific hourly opens, the indicator allows traders to visualize where the market may react, providing a structured way to trade alongside the algorithmic flow.
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**Sauce Alert** "TAPDA levels essentially act like algorithmic support and resistance" By plotting these hourly opens, the TAPDA Hourly Open Lines indicator helps traders track where algorithms might engage with the market.
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-How It Works:
The indicator draws a "candle body box" at selected hours, marking the open and close prices to highlight price ranges at significant times. This creates dynamic zones that reflect market sentiment and structure throughout the day. TAPDA levels are commonly respected by price, making them useful for identifying potential entry points, stop placements, and trend reversals.
-Key Features:
Customizable Hour Levels – Enable or disable specific times to fit your trading approach.
Color & Label Control – Assign unique colors and labels to each hour for better visualization.
Line Extension – Project lines for up to 24 hours into the future to track key levels.
Dynamic Cleanup – Old lines automatically delete to maintain chart clarity.
Manual Time Offset – Adjust for broker or server time zone differences.
-Current Development:
This indicator is still in development, with further updates planned to enhance functionality and customization. If you find this script helpful, feel free to copy the code and stay tuned for new features and improvements!
Previous Week High & Low with middle lineDescription:
The Previous Week High & Low Indicator is a powerful tool designed to provide traders with key reference levels from the previous trading week. It dynamically calculates and plots the previous week's high, low, and midpoint levels directly on your chart, helping you identify critical support and resistance zones.
Features:
1. **Previous Week High and Low Lines**:
- The indicator displays the high and low prices of the previous trading week, allowing you to analyze price action relative to these levels.
- These lines are plotted as step lines, visible only during the active trading days (Monday to Friday), ensuring clean and uncluttered charts.
2. Midpoint Line:
- The midpoint between the previous week's high and low is calculated and displayed as a reference level.
- This white line can act as a psychological pivot point for market participants.
3. Customizable Display:
- You can toggle the visibility of the high and low lines using input options, tailoring the indicator to your preferences.
4. Precision and Aesthetics:
- The lines are plotted with precision and styled for clarity, using subtle transparency for an unobtrusive yet informative appearance.
Use Case:
- This indicator is ideal for traders who rely on historical price levels for planning entries, exits, or stop-loss placements.
- It works seamlessly with any timeframe and asset, making it versatile for various trading strategies.
How It Works:
- The indicator fetches the previous week's high and low prices using the weekly timeframe and "lookahead" mode to ensure these levels remain static after the week's close.
- The lines are plotted only on weekdays (Monday to Friday) to exclude weekend data, ensuring accuracy for markets that operate 24/5.
This tool simplifies your chart analysis and empowers you to make informed trading decisions based on historical price dynamics.
BK MA Horizontal Lines
Indicator Description:
I am incredibly proud and excited to share my first indicator with the TradingView community! This tool has been instrumental in helping me optimize my positioning and maximize my trades.
Moving Averages (MAs) are among the top three most crucial indicators for trading, and I believe that the Daily, Weekly, and Monthly MAs are especially critical. The way I’ve designed this indicator allows you to combine MAs from your Daily timeframe with one or two from the Weekly or Monthly timeframes, depending on what is most relevant for the specific product or timeframe you’re analyzing.
For optimal use, I recommend:
Spacing your chart about 11 spaces from the right side.
Setting the Labels at 10 in the indicator configuration.
Keeping the line thickness at size 1, while using size 2 for my other indicator, "BK BB Horizontal Lines", which follows a similar concept but applies to Bollinger Bands.
If you find success with this indicator, I kindly ask that you give back in some way through acts of philanthropy, helping others in the best way you see fit.
Good luck to everyone, and always remember: God gives us everything. May all the glory go to the Almighty!
