Magnifying Glass (LTF Candles) by SiddWolf█ OVERVIEW
This indicator displays The Lower TimeFrame Candles in current chart, Like Zooming in on the Candle to see it's Lower TimeFrame Structure. It plots intrabar OHLC data inside a Label along with the volume structure of LTF candle in an eloquent format.
█ QUICK GUIDE
Just apply it to the chart, Hover the mouse on the Label and ta-da you have a Lower Timeframe OHLC candles on your screen. Move the indicator to the top and shrink it all the way up, because all the useful data is inside the label.
Inside the label: The OHLC ltf candles are pretty straightforward. Volume strength of ltf candles is shown at bottom and Volume Profile on the left. Read the Details below for more information.
In the settings, you will find the option to change the UI and can play around with Lower TimeFrame Settings.
█ DETAILS
First of all, I would like to thank the @TradingView team for providing the function to get access to the lower timeframe data. It is because of them that this magical indicator came into existence.
Magnifying Glass indicator displays a Candle's Lower TimeFrame data in Higher timeframe chart. It displays the LTF candles inside a label. It also shows the Volume structure of the lower timeframe candles. Range percentage shown at the bottom is the percentage change between high and low of the current timeframe candle. LTF candle's timeframe is also shown at the bottom on the label.
This indicator is gonna be most useful to the price action traders, which is like every profitable trader.
How this indicator works:
I didn't find any better way to display ltf candles other than labels. Labels are not build for such a complex behaviour, it's a workaround to display this important information.
It gets the lower timeframe information of the candle and uses emojis to display information. The area that is shown, is the range of the current timeframe candle. Range is a difference between high and low of the candle. Range percentage is also shown at the bottom in the label.
I've divided the range area into 20 parts because there are limitation to display data in the labels. Then the code checks out, in what area does the ltf candle body or wick lies, then displays the information using emojis.
The code uses matrix elements for each block and relies heavily on string manipulation. But what I've found most difficult, is managing to fit everything correctly and beautifully so that the view doesn't break.
Volume Structure:
Strength of the Lower TimeFrame Candles is shown at the bottom inside the label. The Higher Volume is shown with the dark shade color and Lower Volume is shown with the light shade. The volume of candles are also ranked, with 1 being the highest volume, so you can see which candle have the maximum to minimum volume. This is pretty important to make a price action analysis of the lower timeframe candles.
Inside the label on the left side you will see the volume profile. As the volume on the bottom shows the strength of each ltf candles, Volume profile on the left shows strength in a particular zone. The Darker the color, the higher the volume in the zone. The Highest volume on the left represents Point of Control (Volume Profile POC) of the candle.
Lower TimeFrame Settings:
There is a limitation for the lowest timeframe you can show for a chart, because there is only so much data you can fit inside a label. A label can show upto 20 blocks of emojis (candle blocks) per row. Magnifying Glass utilizes this behaviour of labels. 16 blocks are used to display ltf candles, 1 for volume profile and two for Open and Close Highlighter.
So for any chart timeframe, ltf candles can be 16th part of htf candle. So 4 hours chart can show as low as 15 minutes of ltf data. I didn't provide the open settings for changing the lower timeframe, as it would give errors in a lot of ways. You can change the timeframe for each chart time from the settings provided.
Limitations:
Like I mentioned earlier, this indicator is a workaround to display ltf candles inside a label. This indicator does not work well on smaller screens. So if you are not able to see the label, zoom out on your browser a bit. Move the indicator to either top or bottom of all indicators and shrink it's space because all details are inside the label.
█ How I use MAGNIFYING GLASS:
This indicator provides you an edge, on top of your existing trading strategy. How you use Magnifying Glass is entirely dependent on your strategy.
I use this indicator to get a broad picture, before getting into a trade. For example I see a Doji or Engulfing or any other famous candlestick pattern on important levels, I hover the mouse on Magnifying Glass, to look for the price action the ltf candles have been through, to make that pattern. I also use it with my "Wick Pressure" indicator, to check price action at wick zones. Whenever I see price touching important supply and demand zones, I check last few candles to read chart like a beautiful price action story.
Also volume is pretty important too. This is what makes Magnifying Glass even better than actual lower timeframe candles. The increasing volume along with up/down trend price shows upward/downward momentum. The sudden burst (peak) in the volume suggests volume climax.
Volume profile on the left can be interpreted as the strength/weakness zones inside a candle. The low volume in a price zone suggests weakness and High volume suggests strength. The Highest volume on the left act as POC for that candle.
Before making any trade, I read the structure of last three or four candles to get the complete price action picture.
█ Conclusion
Magnifying Glass is a well crafted indicator that can be used to track lower timeframe price action. This indicator gives you an edge with the Multi Timeframe Analysis, which I believe is the most important aspect of profitable trading.
~ @SiddWolf
Priceaction
Bobbin DetectorENGLISH
BOBBINS (cluster)
BOBBINs can also be called clusters. In the region where the price sees an up and down
similar to side-by-side BOBBINs formed by clustering. The decision is the region.
In the BOBBIN formation, the bars are not taken into account much at first. with BOBBINs
When using other formations, attention should be paid to the needles.
through
Sellers dominate from above, price falls; price with more buyers below
comes out again. Until either side gives up or one side of a buy or sell order
This go-and-go movement continues until it ends. When finished, the BOBBIN dissolves and destroys
The movement towards the shadow continues.
Often the BOBBINs are voluminous untied. A strong candle with momentum
bar is formed. This is where Supdems, that is, supply-demand drawings come into play.
TÜRKÇE
BOBİNLER
Bobinlere küme de denilebilir. Fiyatın bir yukarı bir aşağı doğru giderek aynı bölgede
kümelenmesiyle oluşur, yan yana dizilmiş bobinlere benzer. Karar bölgesidir.
Bobin oluşumunda barların iğneleri ilk başta çok dikkate alınmaz. Bobinler ile birlikte
başka formasyonlar kullanılırken iğnelere dikkat edilir.
Yukarıdan satıcılar baskın çıkar, fiyat düşer; aşağıda alıcıların fazla olmasıyla fiyat
tekrar çıkar. İki taraftan biri pes edinceye kadar ya da alış ya da satış emirlerinin bir tarafı
bitinceye kadar bu git-gel hareketi devam eder. Bittiği zaman bobin çözülür ve yok ettiği
gölgeye doğru hareket devam eder.
Çoğu zaman bobinler hacimli bir şekilde çözülür. Momentumlu, kuvvetli bir mum
çubuk oluşur. İşte burada da Supdem’ler yani arz-talep çizimleri devreye girer.
kaynak:
Price Action TR
HorseShoe - At NalıHorseShoe - At Nalı
English
HORSEHOE FORMATION
It is actually a kind of bobbin. As with the bobbin, the needles of the candles are not taken into account much.The difference is that there are only four candlesticks in this formation. There is no limit to this in the bobbin.In addition, it is important which of the bars forming the bobbin is longer or shorter than which.is not. This is very important in a horseshoe. There is a rule for the length and shortness of the bars.Candlesticks in a horseshoe showing the bearish sequentially rising, falling, rising and repeatingin the form of falling bars. Also the lengths of the first and fourth bars, i.e. price opening andThe differences between the closing must be longer than the second and third bar. So those on the sideshould be clearly larger than the middle ones. For the rise, the bars are falling-rising-falling in order.The rising candle should be in the form of a bar. Likewise the first and last barsshould be longer than the middle ones.Of the first and fourth bars, it is better if the fourth bar is longer than the first.was the signal. But the fact that they are equal or the first one is long does not mean this formation. Attentionthe first and last bars that need to be beat are clearly longer than the middle onesrequired. A millimeter long means a very weak signal.
It is valid for every price and parity. But this is not a magic wand, so every horseshoemay not be the correct signal. Trend, Supdem, Correlation and other similar components are alsois involved, a highly efficient signal is formed. Well reviewed onexperience must be gained. More like an indicator to show the direction of the price rather than a signalshould be used.
Turkish
AT NALI FORMASYONU
Aslında bir tür bobindir. Bobinde olduğu gibi mumların iğneleri çok dikkate alınmaz. Farkı, bu oluşumda sadece dört mum çubuk vardır. Bobinde bunun sınırı yoktur. Ayrıca bobini oluşturan barların hangisinin hangisinden uzun ya da kısa olduğu önemli değildir. At nalında bu çok önemlidir. Barların uzunluğu kısalığı ve sırasında bir kural vardır. Düşüşü gösteren at nalında mum çubuklar sırayla yükselen düşen yükselen ve tekrar düşen barlar şeklindedir. Ayrıca birinci ve dördüncü barların uzunlukları, yani fiyat açılış ve kapanışı arasındaki farkları, ikinci ve üçüncü bardan daha uzun olmalıdır. Yani kenardakiler ortadakilerden net bir şekilde büyük olmalı. Yükseliş için ise barlar sırayla düşen-yükselen düşen-yükselen mum çubuk şeklinde olmalıdır. Aynı şekilde ilk ve son barlar ortadakilerden uzun olmalıdır. Birinci ve dördüncü barlardan dördüncü barın birinciden uzun olması daha güze bir sinyaldi. Fakat eşit olmaları ya da birincinin uzun olması da bu oluşumu bozmaz. Dikkat edilmesi gereken ilk ve son barların açık bir şekilde ortadakilerden uzun olması gerekmektedir. Milim farkla uzun olması çok zayıf bir sinyal olması anlamına gelir.
kaynak:
Price Action TR
Pullback Candles (Candlestick Analysis) Guaranteed Winners!!!!Pullback Candle will signal when price is at the end of a pullback and entering a balance phase in the market (works on all markets)
Also we can expect a Pullback Candle during flash crashes as the theory of this script is when there is a turning point in momentum - this candle will appear and we can look long from this signal.
This candle will only work in Swing Low areas and appear when below an moving average which can be changed in the settings.
This candle will work on all timeframes - HTF provided very good rexpectancy whereas the LTF has a slightly less expectancy.
This candle can be alerted to signal the Pullback Candle when the bar is confirmed and not during.
The way i trade this candle is
1) Candle signal must be in probably area to increase efficiency.
2) Enter on the second candle after candle IS CONFIRMED
3) Set stop loss below Pullback Candle or use ATR value
4) Trade with the trend ie only bullish price action
5) This candle can catch falling knifes - we had one on LUNA before the rally to $7.50
6) Trading with a confluence along with the Pullback is better than solely trading this candle
Please leave a comment.
If we get to 100 likes i will publish the script.
Have a good weekend :)
Front Angler Percent CJA nice little gadget.
Can be used to visually hint on volatility.
Will show a leading vertical bar which shows percentage of price, both up and down, in relation to current price.
Best TradingView Strategy - For NASDAQ and DOW30 and other IndexThe script is totally based on momentum , volume and price. We have used :
1: Bollinger Band Squeezes to know when a breakout might happen.
2: Used Moving Averages(SMA and EMA) to know the direction.
3: The success Rate of this strategy is above 75% and if little price action is added it can easily surpass 90% success mark.
4: Do not worry about drawdowns , we have implemented trailing SL ,so you might see a little extra drawdown but in reality its pretty less.
5: I myself have tested this strategy for 41 days with a 250$ account and right now I have 2700$.
Supply and Demand - Order Block - Energy CandlesSupply and Demand - Order Block - Energy Candles
Description
An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area.
How to use:
Expect a potential retest in these areas, and if they fail, a potential retest in the opposite direction. The greater the number of times a zone is tested, the more likely it is to break. A fresh zone that has not yet been tested will have a higher probability of a bounce.
Fractal period and candle break type can be personalised in settings. Can be used on all timeframes (higher the better).
Indicator in use:
Extras:
An option to flip candle colours if current price is above or below them has been added.
Candle Colored by Volume Z-score [Morty]This indicator colors the candles according to the z-score of the trading volume. You can easily see the imbalance on the chart. You can use it at any timeframe.
In statistics, the standard score (Z-score) is the number of standard deviations by which the value of a raw score (i.e., an observed value or data point) is above or below the mean value of what is being observed or measured. Raw scores above the mean have positive standard scores, while those below the mean have negative standard scores.
This script uses trading volume as source of z-score by default.
Due to the lack of volume data for some index tickers, you can also choose candle body size as source of z-score.
features:
- custom source of z-score
- volume
- candle body size
- any of above two
- all of above two
- custom threshold of z-score
- custom color chemes
- custom chart type
- alerts
default color schemes:
- green -> excheme bullish imbalance
- blue -> large bullish imbalance
- red -> excheme bearish imbalance
- purple -> large bearish imbalance
- yellow -> low volume bars, indicates "balance", after which volatility usually increases and tends to continue the previous trend
Examples:
* Personally, I use dark theme and changed the candle colors to black/white for down/up.
Volume as Z-score source
Any as Z-score source, more imbalances are showed
Bogdan Ciocoiu - GreuceanuDescription
This indicator is an entry-level script that simplifies volume interpretation for beginning traders.
It is a handy tool that removes all the noise and focuses traders on identifying potential smart money injections.
Uniqueness
This indicator is unique because it introduces the principle of a moving average in the context of volume and then compares it with tick-based volume.
Its uniqueness is reflected in the ability to colour code each volume bar based on the intensity of each relevant (volume) unit whilst comparing it with the volume moving average.
Another benefit of this indicator is the colour coding scheme that removes volume below a particular threshold (default set to 1) under the volume moving average.
In addition to the above features, the indicator differentiates the colour of each bar by price direction.
Open source re-use
To achieve this functionality several open source indicators have been used an integrated within the current one.
Failed AuctionAs we know, buyers and sellers take part in the market auction.
A failed auction is where price could not tick above or below a specific price. This means that there were no buyers willing to buy or sellers willing to sell beyond that price. Price then moves away in the other direction.
The failed auction acts as a magnet and becomes a target to revisit sooner or later. The failed auction is a successful/finished auction once it has been satisfied.
On the indicator, two adjacent candles with the exact same high or low are marked. The icon will appear on the high or low of the 2nd candle. This notifies us that there was a failed auction.
If you are in a trade, you can use the failed auction to hold onto the trade longer. If you are not in a trade, you should be cautious if a failed auction rests above or below you limit order.
Icons and colours are customisable. An option to have plotted lines for the failed auction is included.
Works on all timeframes.
Nifty50 Participants - Top 25Nifty50 Index is calculated based on the movements of its participants. Every time you think of why is Index going up/down, who is actively dragging the index either ways, this Indicator gives you answer for the same in realtime!
This indicator will help you in pre-planning your trades based on the movements shown by different stocks of various sectors in Index calculation.
RSI column is an add-on to the participation table which will help you in getting RSI values of different stocks of Nifty 50 at a glance. You will see values getting updated in realtime in live market.
Checkout for customisations in indicator settings.
Note:
1. Participants present in this indicator and their participation percentage is taken from the official NSE website.
2. Table shows Top 25 participants by default. If you want to see less than 25 rows, you can update the input via indicator settings.
Feel free to contribute/comment changes if any! Comment in case of any suggestions :)
- Published by Soham Dixit
RVOL Relative Volume - IntradayHello All,
Relative Volume is one of the most important indicators and Traders should check it while trading/analyzing. it is used to identify whether the volume flows are increasing or decreasing. Relative volume measures current volume in relation to the “usual” volume for this time of the day. What is considered “usual"? For that, we have to use a historical baseline known as the average daily volume. That means how much volume a security does on a daily basis over a defined period. (This scripts runs on the time frames greater or equal 1 minute and less than 1 day)
The common definition for real-time relative volume is: Current volume for this time of day / Average volume for this time of day. It does not mean taking the volume (for example) from 10:30 am to 10:45 am and comparing it to what it does from 10:30 am to 10:45 am every day. What it truly means is to compare cumulative volumes. Therefore, this is the precise definition of real-time relative volume:
Current cumulative volume up to this time of day / Average cumulative volume up to this time of day
What should we understand while checking RVOL;
- Relative volume tell us if volume flows are increasing or decreasing
- A high relative volume tells us that there is increased trading activity in a security today
- Increased volume flows often accompany higher volatility i.e. a significant price move
Let see an example:
P.S. if you want to get more info about RVOL/Relative Volume then you can search it on the net. While developing the script this was used as reference, you can also check it for more info.
Enjoy!
Favorite Signals w/EMA FilterThe script combines my favorite signals then filters them with three EMAs.
Via the Style tab, you can choose to either have the signals color the bar and/or plot a shape above/below.
All signals can be turned off via the Inputs tab, which will remove the bar color and/or shape (if not already off in the Style tab) as well as remove the pattern from the alerts function.
Remember when using TV alerts, if you change the script settngs, you must create a new alert if you wish to be alerted for the changes you've made.
LONG/SHORT SIGNALS INCLUDED FOR:
- TD8s
- TD9s
- Hammer
- Shooting Star
- Bullish Harami
- Bearish Harami
- RSI Divergences
EMA FILTER LOGIC LONGS:
- Price < Fast EMA & Med EMA > Slow EMA = Possible Long Entry
- Price > Fast EMA & Med EMA > Slow EMA = Possible Reversal, Tighten Stop or Reduce Position
EMA FILTER LOGIC SHORTS:
- Price > Fast EMA & Med EMA < Slow EMA = Possible Short Entry
- Price < Fast EMA & Med EMA < Slow EMA = Possible Reversal, Tighten Stop/Reduce Position
Big up to @spdoinkal, @HPotter, @LonesomeTheBlue, for writing the originals scripts for the signals above.
Enjoy!
Price Action [Morty]This price action indicator uses the higher timeframe SSL channel to identify trends.
The long entry signal is a bullish candlestick pattern when the price retraces to EMA20 in an uptrend.
The short entry signal is a bearish candlestick pattern when the price retraces to the EMA20 in a downrend.
Currently, this indicator shows engulfing patterns, pin bar patterns, 2 bar reversal patterns and harami patterns.
It also shows a volatility squeeze signal when the Bollinger bands is within the Kelter channels.
The buy and sell signal can also be filter by the ADX indicator greater than a threshold.
You can set your stoploss to the previous low/high when you go long/short.
The risk/reward ratio could be 1 to 1.5.
This indicator can be used in any market.
NSDT Bearish-Bullish CandlesThis is another interesting take on candlesticks . These Bearish-Bullish Candles do not show the wicks. Instead, the upper wick is made into a Red body and the lower wick is made into a Green body. If you match the candle body color in the chart settings (or turn off the candles completely), you get a unique way of seeing how Bearish or how Bullish a candle is because the wick will now match the body size and color.
This indicator is very similar to our NSDT Special High-Low Candles.
+ ATR Support and ResistanceThis, a very different script from most of mine, is my attempt at making a useful, and not messy, support and resistance indicator. If you've never looked into trader xkavalis, and his scripts and discord, I would highly recommend it. He talks about "pay attention candles" a lot. It got me thinking about what those are. Best as I can tell all he means by that phrase is large, impulsive candles. Sometimes these lead to break outs of ranges, or they may signal tops, bottoms, or near-tops and bottoms. The only way I could make sense of this in a mathematical way was by using the average true range. Basically, any candle's true range outside of the ATR is considered a "pay attention candle," by my definition.
This script originally began as just a candle coloring exercise with some optional shapes plotted above/below certain candles, but I quickly realized I wanted to draw lines or zones from these candles, so eventually, after many hours spent figuring out and learning 'line.new' and 'box.new' I got things sorted.
Essentially, my line of thinking is that on impulsive candles down, the origin of the impulse is more important than the close (not always of course, as there are no unbreakable rules in what markets can do), and with impulsive candles up, the same theory applies.
So, for upward impulsive candles I've marked out the zone from the open to the low as a support (until broken, in which case it may become resistance). For downward impulsive candles the zone encompasses the open to the high. I've given the option to plot a line from the close for all of these. It's turned off by default as it's just less stuff on the chart, but you may like it.
The line length is customizable in a menu. It does funny things on low timeframes on forex and stock charts (long lines that result in chart compression), but for some reason very rarely on crypto charts. If someone who is smart (not me) and has much experience with pinescript could perhaps help me out with a fix for this, that would be great. I suspect it has something to do with my "bar_index_duration" that I defined using the time function, but I'm not sure how or why.
Line length on time frames of one hour and up it is typically fine.
Use the ATR multiple to change the sensitivity of the indicator. This is basically the determination of when a candle is beyond the ATR. A multiple of two is two times the ATR. With lower volatile pairs you can maybe make this lower. On lower time frames or with more volatile pairs (illiquid alts in particular) a higher multiple might serve better. I find the default 1.75 is mostly acceptable.
As I started this I also thought adding some sort of volume information to the candles might be useful as well, so I added a simple candle coloring feature referencing the OBV and a 21 period EMA. Candles are colored based on the OBV's relation to its moving average.
I added some plot shapes and candle coloring utilizing the RSI as well. Options to turn on or off shapes plotted for overbought and oversold across the top of the chart. The most interesting feature that I implemented here is a support/resistance zone around the centerline of the RSI. If the RSI is between 49 and 51 then you can have optional candle coloring, shapes plotted above the candles, and s/r zones drawn on the chart. In trending markets the centerline of the RSI will frequetly act as support or resistance, so by being alerted of this condition on the chart you can use that with actual levels marked off in order to help make a judgement on a trade. I think it's a nice addition, and an oft overlooked aspect of the usefulness of the RSI.
I've also included a calculation, with candle coloring and/or plot shapes, for something like a stop run on high volume. The calculation for that is in its section below, and should be pretty self explanatory.
Lastly, typing this as I'm posting it, this indicator could also be useful for helping to find placement for trailing a stop. Just a thought!
Price Action: Inside Bar BoxesThis script automatically draws rectangles around bars inside IB pattern.
Note :: because Pinescript does not allow changes to already drawn charts on historical bars, checkbox "show only last box" doesn't work for arrows
Average Highest High and Lowest Low Swinger StrategyThis is a full price action strategy designed for trending markets such as crypto and stocks.
Its purely made on calculations for the highest high and lowest low using 2 different length , a faster and a slower one.
With those we make multiple averages.
Rules for entry:
For long: our close of the candle is above both the average using fast and slow line
For short: our close of the candle is below both the average using fast and slow line
Rules for exit
We always exit when we have an opposite order
Caution
This strategy use no risk management system, so be careful with it
If you have any questions, let me know
MA Visualizer™TradeChartist MA Visualizer is a Moving Average based indicator aimed to visualize price action in relation to the Moving Average in a visually engaging way.
===================================================================================================================
█ MA Visualizer Features
11 different Moving Averages to choose from the settings to visualize based on MA Visualizer Length (Default - 55 period SMA).
2 Smoothing options (default - 0, 0 uses MA length as Smoothing factor, 1 uses no Smoothing).
4 colour themes to choose from and option to adjust Visualizer Vibrance.
█ Example Charts
1. 1hr chart of OANDA:XAUUSD using 55 period WMA.
2. 15m chart of OANDA:EURUSD using 144 period Tillson T3 MA.
3. 4 hr chart of OANDA:US30USD using 55 period SMMA.
===================================================================================================================
Best Practice: Test with different settings first using Paper Trades before trading with real money
===================================================================================================================
Swing Points BreakoutsLong term strategy for managing a Crypto investment with Swing Trades of more than 1 day. The strategy buys with a
stop order at the Swing High price (green line) and sells with a stop order at the Swing Low price (red line).
The direction of the strategy can be adjusted in the Inputs panel.
Institutional OrderBlock Pressure█ OVERVIEW
OrderBlocks are areas where Banks take a Short or Long position. So they create a movement that they would like to hide from us, but luckily for us they cannot. Take the example of Banks opening Short position for x reason. The Trend is already Bearish. The Price will fall and then make a Reversal
(most often to the price where they opened their positions) and it is at this precise moment that they will again resume a Short position twice as
large because for the moment, following this example it is not in their interest that the Price exceeds a certain Price since they are Seller.
As a result they create a solid Resistance (the strongest it is). There are several ways to interpret this logic, we can try to follow the movement of Banks
or on the contrary take advantage of the recovery of the course. Note that not having level 2 and access to the order book from TradingView we can only
make a rough estimate of the "OrderBlocks" through VPOC.
█ HOW TO INTERPRET?
• The Labels displayed by "Red Arrow" and "Green Arrow" represent supposed Bearish or Bullish OrderBlock. Note that you should not in any way interpret these "Arrows" as Signals to Buy or Sell for the reasons mentioned above.
• The OB Line works according to detected OrderBlock Candle. These lines indicate the potential recovery area. (The highlighted lines and candles are white by default).
• It is better to use this indicator on Higher TimeFrame like 2H or 4H.
• You can change the Volume Ratio (here VPOC) which is 89 by default.
• There is a Customization section that allows you to change the colors of the Lines and Candles from White to Black depending on your background color (Light or Dark).
• YES the indicator is Repainting and YES you can have False Alerts since Labels appear in intra-bar!
█ ALERTS
• In fact we don't really need Alerts for the logic of this indicator except maybe to get the Price of the last OB Detected and to keep this price in your Alert History and may use it later. Some improvements will come in future with updates and we have already planned to add Alerts when a "Line Cross" gone occur.
If you notice any bugs or if you have any suggestions, don't be hateful gangs ;)
Happy trading everyone and remember, risk management is the most important!
Privious Day and Week ValuesThis indicator is designed for price action. It divides the price range in to four zones based on last week values. Besides, it shows yesterday highest and lowest values. The price usually shows reactions to the drawn horizontal lines!
BULLSEYE BORDERS (Combined Price Action Follower)Developed for Crypto Currency Market! Use for 15 minutes period or more! Under 15 minutes, results are unpredictible.
This script had been orginized with Donchian Lines based on support and resistance levels.
Rules:
If the price is under top line, you will be ready for short position, and over the bottom line, long position.
When the price passes the red and green area you can take action and enter the trade!
Orange area refers the squeezed or floating position, so you can either stop or wait for price action!
If you see boring candles frequently, check out the last high and low levels.
If the price close to the last high, take long position. If not, short position.
Use ALMA , if you want to put and alert on script. It is identical to price line.
Thanks to @millerrh for 'Breakout Trend Follower'. Just used the last low and high features to complete the script. Combined with 'Boring Candles' from ©Prasad Raut, Modified on 20190811 (Updated to %30 full candle)
Trend Tip: You can use the script with Linear Channel so you can also see the trend. (not always)
