Fibonacci Ranges (Real-Time) [LuxAlgo]The "Fibonacci Ranges" indicator combines Fibonacci ratio-derived ranges (channels), together with a Fibonacci pattern of the latest swing high/low.
🔶 USAGE
The indicator draws real-time ranges based on Fibonacci ratios as well as retracements. Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal.
Each range extremity/area can also be used as support/resistance.
🔶 CONCEPTS
Fibonacci Channels
Latest Fibonacci
Both, Latest Fibonacci and Fibonacci Channels , display different Fibonacci levels (labels not included in the code):
However, the 2 react in a totally different way.
🔹 Fibonacci Channels
2 conditions must be fulfilled until a Fibonacci Channel is displayed:
New swing high/low
close has to be between chosen limits/levels ( Break level )
As visual guidance, chosen Break levels are accentuated by 2 small gray blocks:
Once the channel is displayed, it will remain visible until x consecutive bars break out of the chosen Break level at closing time.
• x consecutive bars is set by Break count .
The amount of breaks is counted in the code. When the price, without breaking the user-set limit, closes back between the 2 levels, the count is reset to 0.
By enabling Channels and Shadows you can see previous channels (" Shadows ", which is always delayed with 1 bar)
Previous channels can be helpful in finding potential support/resistance areas, especially from large channel blocks
The more narrow Break levels are set the less chance the price closes between these 2 levels, and the quicker close breaks out.
In other words, narrow levels give fewer & smaller channels, broader levels give more & larger channels.
Note:
• swing settings: L & R
• Break count (x consecutive bars that close outside chosen levels to invalidate the Fibonacci Channel )
will also be of influence in displaying the channels.
• Show breaks enable you to visualize signals when there is a break:
• Alerts can also be set ( Break Down / Break Up )
🔹 Latest Fibonacci
This displays the Fibonacci levels between the latest swing high and swing low, independently from the Fibonacci Channel .
The Lastest Fibonacci can be helpful in detecting the current trend against the larger Fibonacci Channel .
🔶 SETTINGS
🔹 Swing Settings
L: set left of pivothigh / pivotlow
R: set right of pivothigh / pivotlow
🔹 Fibonacci Channels
Channel : Channel / Channels + Shadows / None
Break level
-0.382 - 1.382
0.000 - 1.000
0.236 - 0.764
0.382 - 0.618
Break count
🔹 Fibonacci
Toggle
Colours: [ -0.382 - 0 ], [ 0.236 - 0.382 ], [ 0.5 ], [ 0.618 - 0.764 ], [ 1 - 1.382 ]
Supportandresistancezones
Daily TrendDescription:
The "Daily Trend" script is a powerful technical analysis tool designed for TradingView. This indicator helps traders identify key support and resistance levels based on daily price data. It offers a visual representation of these levels, along with other technical indicators like Exponential Moving Averages (EMA), Supertrend, and Parabolic SAR.
Features:
Past Candle Price Levels: This script calculates and displays past daily candle price levels, including R1, R2, R3, R4, S1, S2, S3, and S4. These levels are vital for identifying potential reversals and breakout points.
Exponential Moving Average (EMA): The script includes an EMA indicator with a customizable period to help traders spot the trend direction and potential crossovers.
Supertrend Indicator: The Supertrend indicator is used to identify trend changes. It plots the Supertrend line and highlights the trend direction with color-coded regions.
Parabolic SAR: The Parabolic SAR indicator is integrated into the script to assist traders in identifying potential entry and exit points in the market.
Customizable Alerts: Traders can customize the indicator by choosing which past candle price levels and other features to display on the chart.
How to Use:
Apply the "Daily Trend" script to your TradingView chart.
Customize the indicator by enabling or disabling specific features, such as past candle price levels and EMA.
Pay attention to the color-coded regions for Supertrend and Parabolic SAR to determine the current trend direction.
Look for potential reversal or bounce signals based on the indicator's signals and the price action.
Consider using this script in conjunction with your trading strategy for enhanced technical analysis.
Risk Warning: Trading involves significant risk, and past performance is not indicative of future results. Always practice proper risk management and consider the broader context of the market before making trading decisions.
Trade Tool VDWMA + OI RSI BasedThis indicator works only for symbols where open interest data is available.
The idea was to create a combination of Volume Delta, Open Interest, RSI, Moving Average and Support / Resistance as a unified tool.
I created a Weighted Moving Average based on the Volume Delta (VDWMA). The idea behind this was to reflect the moving average on the difference between buy and sell volume.
There are two VDWMA to determine a trend. Fast and Slow. The principle is the same as with conventional moving averages. For visualization, the candles are colored based on the following logic:
up trend = Fast VDWMA is above the Slow VDWMA and the price is above the Fast VWDWMA.
down Trend = Fast VDWMA is below the Slow VDWMA and the Short is below the Fast VDWMA
Further, support and resistance zones were defined based on the close and high prices as well as close and low prices.
A simple logic looks for divergences between RSI and price to generate first signals for possible price reversals.
Another RSI was created based on the open interest.
In combination with the conventional RSI, oversold and overbought zones were defined based on the following logic, which are marked by vertical zones on the chart.
Oversold zone = RSI is below 30 and OI RSI is above 70 or below 30 and OI opening is not greater than OI closing price
Overbought zone = RSI is above 70 and OI RSI is above 70 or below 30 and OI opening is not smaller than OI closing price
Based on this, buy and sell signals were defined.
First, the support or resistance zone must remain the same for two candles, which signals that the zone has not been breached. In addition, a divergence must occur in the RSI and the price must bounce.
newsell = resistance == resistance and high >= resistance and close < resistance and bearishDiv
newbull = support == support and low <= support and close > support and bullishDiv
The OI signaling was deliberately not included as well as the trend function. The tool should be suitable for scalping as well as for swinging. Thus, depending on the tradestyle itself to decide which points you want to trade.
Have fun with it
Liquidity Sentiment Profile (Auto-Anchored) [LuxAlgo]
The Liquidity Sentiment Profile (Auto-Anchored) is an advanced charting tool that measures by combining PRICE and VOLUME data over specified anchored periods and highlights the distribution of the liquidity and the market sentiment at specific price levels. This version is a variation of the previously published Liquidity Sentiment Profile , wherewith this version allows users to select a variety of different anchoring periods, such as 'Auto', 'Fixed Range', 'Swing High', 'Swing Low', 'Session', 'Day', 'Week', 'Month', 'Quarter', and 'Year'
Liquidity refers to the availability of orders at specific price levels in the market, allowing transactions to occur smoothly.
🔶 USAGE
A Liquidity Sentiment Profile (Auto-Anchored) is a combination of liquidity and a sentiment profile, where the right side of the profile highlights the distribution of the traded activity at different price levels, and the left side of the profile highlights the market sentiment at those price levels
The liquidity profile is categorized by assigning different colors based on the significance of the traded activity of the specific price levels, allowing traders to reveal significant price levels, such as support and resistance levels, supply and demand zones, liquidity gaps, consolidation zones, etc
The Liquidity Sentiment Profiles aim to present Value Areas based on the significance of price levels, thus allowing users to identify value areas that can be formed more than once within the range of a single profile
Level of Significance Line - displays the changes in the price levels with the highest traded activity (developing POC)
Buyside & Sellside Liquidity Zones - displays Liquidity Levels, also known as Supply and Demand Zones
🔶 SETTINGS
The script takes into account user-defined parameters and plots the profiles, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip.
🔹 Liquidity Sentiment Profile
Anchor Period: The indicator resolution is set by the input of the Anchor Period.
Fixed Period: Applicable if the Anchor Period is set to 'Fixed Range' then the period of the profile is defined with this option
Swing Detection Length: Applicable if the Anchor Period is set to 'Swing High' or 'Swing Low' then the length required to detect the Swing Levels is defined with this option which is then used to determine the period of the profile
🔹 Liquidity Profile
Liquidity Profile: Toggles the visibility of the Liquidity Profiles
High Traded Nodes: Threshold and Color option for High Traded Nodes
Average Traded Nodes: Color option for Average Traded Nodes
Low Traded Nodes: Threshold and Color option for Low Traded Nodes
🔹 Sentiment Profile
Sentiment Profile: Toggles the visibility of the Sentiment Profiles
Bullish Nodes: Color option for Bullish Nodes
Bearish Nodes: Color option for Bearish Nodes
🔹 Buyside & Sellside Liquidity Zones
Buyside & Sellside Liquidity Zones: Toggles the visibility of the Liquidity Levels
Buyside Liquidity Nodes: Color option for Buyside Liquidity Nodes
Sellside Liquidity Nodes: Color option for Sellside Liquidity Nodes
🔹 Other Settings
Level of Significance: Toggles the visibility of the Level of Significance Line
Price Levels, Color: Toggles the visibility of the Profile Price Levels
Number of Rows: Specify how many rows each profile histogram will have. Caution, having it set to high values will quickly hit Pine Script™ drawing objects limit and fewer historical profiles will be displayed
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length
Profile Range Background Fill: Toggles the visibility of the Profiles Range
🔶 RELATED SCRIPTS
Liquidity-Sentiment-Profile
Buyside-Sellside-Liquidity
ICT-Concepts
Support and Resistance Signals MTF [LuxAlgo]The Support and Resistance Signals MTF indicator aims to identify undoubtedly one of the key concepts of technical analysis Support and Resistance Levels and more importantly, the script aims to capture and highlight major price action movements, such as Breakouts , Tests of the Zones , Retests of the Zones , and Rejections .
The script supports Multi-TimeFrame (MTF) functionality allowing users to analyze and observe the Support and Resistance Levels/Zones and their associated Signals from a higher timeframe perspective.
This script is an extended version of our previously published Support-and-Resistance-Levels-with-Breaks script from 2020.
Identification of key support and resistance levels/zones is an essential ingredient to successful technical analysis.
🔶 USAGE
Support and resistance are key concepts that help traders understand, analyze and act on chart patterns in the financial markets. Support describes a price level where a downtrend pauses due to demand for an asset increasing, while resistance refers to a level where an uptrend reverses as a sell-off happens.
The creation of support and resistance levels comes as a result of an initial imbalance of supply/demand, which forms what we know as a swing high or swing low. This script starts its processing using the swing highs/lows. Swing Highs/Lows are levels that many of the market participants use as a historical reference to place their trading orders (buy, sell, stop loss), as a result, those price levels potentially become and serve as key support and resistance levels.
One of the important features of the script is the signals it provides. The script follows the major price movements and highlights them on the chart.
🔹 Breakouts (non-repaint)
A breakout is a price moving outside a defined support or resistance level, the significance of the breakout can be measured by examining the volume. This script is not filtering them based on volume but provides volume information for the bar where the breakout takes place.
🔹 Retests
Retest is a case where the price action breaches a zone and then revisits the level breached.
🔹 Tests
Test is a case where the price action touches the support or resistance zones.
🔹 Rejections
Rejections are pin bar patterns with high trading volume.
Finally, Multi TimeFrame (MTF) functionality allows users to analyze and observe the Support and Resistance Levels/Zones and their associated Signals from a higher timeframe perspective.
🔶 SETTINGS
The script takes into account user-defined parameters to detect and highlight the zones, levels, and signals.
🔹 Support & Resistance Settings
Detection Timeframe: Set the indicator resolution, the users may examine higher timeframe detection on their chart timeframe.
Detection Length: Swing levels detection length
Check Previous Historical S&R Level: enables the script to check the previous historical levels.
🔹 Signals
Breakouts: Toggles the visibility of the Breakouts, enables customization of the color and the size of the visuals
Tests: Toggles the visibility of the Tests, enables customization of the color and the size of the visuals
Retests: Toggles the visibility of the Retests, enables customization of the color and the size of the visuals
Rejections: Toggles the visibility of the Rejections, enables customization of the color and the size of the visuals
🔹 Others
Sentiment Profile: Toggles the visibility of the Sentiment Profiles
Bullish Nodes: Color option for Bullish Nodes
Bearish Nodes: Color option for Bearish Nodes
🔶 RELATED SCRIPTS
Support-and-Resistance-Levels-with-Breaks
Buyside-Sellside-Liquidity
Liquidity-Levels-Voids
Support and Resistance Levels and Zones [Quantigenics]Support and Resistance Levels and Zones Indicator is an enhanced support and resistance indicator in that typical support and resistance levels are crucial concepts in technical analysis representing price levels where selling or buying momentum tends to halt, typically leading to a price reversal.
The Support and Resistance Levels and Zones Indicator goes beyond static levels by identifying dynamic 'zones'. These zones, depicted as shaded areas, offer more nuanced insights, acknowledging that markets are not rigid but fluctuating entities. Traders can leverage these zones, alongside the standard levels that the indicator plots, to better time their entries and exits, maximizing potential profitability and minimizing risk.
This is a "must-see on your charts" indicator and while scrolling back looking at historical data shows the amazing power of this indicator, it's even better in realtime LIVE price action and the price can tend to hit the Support and Resistance Levels and Zones multiple times intrabar.
TVC:GOLD 1HR
NYMEX:CL1! 15MIN
Enjoy!
SuperTrend ZoneThe SuperTrend Zone indicator is a tool designed to help traders identify the best zone to enter in a position revisiting the usage of the standard SuperTrend indicator.
In the settings you can chose the ATR length and the Factor of the indicator, and in addition to that you can also change the multiplier for the zone width.
This indicator provide two different SuperTrend indicator, the first one has the settings that you chose and display the zone, meanwhile the second one has double the parameters you have chosen and can be used to determine the long term trend direction.
Floor and Roof IndicatorThe Floor and Roof indicator is a tool developed to help traders identify potential areas of support and resistance both for trend following and for mean reversal trading decisions.
The indicator plots the "Roof" which is the main level of resistance, and the "Floor" which is the main level of support. These lines are calculated on the "Lenght" parameter and smoothed by the "Smooth" parameter, and they use both the volatility and the main market structure as calculation methods.
Additionally, this indicator plots an area that can be modified by the "Zone width" parameter and two other lines, called "Second floor" and "Second roof" respectively, which are plotted only whenever they are significant to the price current level.
This indicator can be used in several ways:
- In a clear trend, you could wait for a break of the second floor or roof as an indication of a change in the market direction
- As the price goes out of the reversal zones, this can be an indication of a reversal
- In a clear trend, you can wait for the price to bounce on the second floor or roof lines to enter a trade
HTF Support & Resistance [QuantVue]The "HTF Support / Resistance" indicator highlights critical price levels across multiple timeframes helping you recognize major support/resistance areas.
Whether you're a day trader needing to understand the current day's price action, or a long-term investor looking to analyze yearly trends, this indicator can be a valuable addition to your trading toolkit.
The daily levels, which can be enabled or disabled according to your preference, will give you insights into the open, high, and low levels for the current and previous day.
Similarly, weekly levels provide information for the current and previous weeks, while monthly levels cover the current and previous months.
In addition, the indicator offers more extended views through its quarterly and yearly levels. These will help you understand long-term trends and major support/resistance areas, and they can be particularly beneficial for major support/resistance levels.
Features:
🔹Visualization: View support and resistance levels from Daily, Weekly, Monthly, Quarterly, and Yearly timeframes.
🔹Customizable Appearance: Tailor the display colors and line styles for each level according to your preferences.
🔹Clear Labeling: Each level is clearly labeled for quick identification.
🔹Extension Option: Opt to extend the support and resistance lines across the chart for better visualization.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers.
Support & Resistance Dynamic [LuxAlgo]The Support & Resistance Dynamic indicator aims to return real-time predictive support and resistance zones that are relevant to a detected trend. This makes this indicator similar to our previously published Predictive Ranges indicator.
Users can additionally extend the most recent historical support and resistance zones.
🔶 USAGE
Hypothetical resistance levels in an up-trend or supports in a down-trend would tend to be broken more easily, as such the indicator primary objective is to return reliable real-time support and resistance levels by taking this into account.
When the market is up-trending the indicator will only return support zones, while a down-trending market will cause the indicator to only return resistance zones.
If the price significantly breaks a support/resistance, rendering it unreliable, it can be a sign of a potential reversal.
Users can return support/resistance levels/zones for shorter-term trends by reducing the Multiplicative Factor setting.
🔹 Extension
Users can extend past estimated support/resistance levels, the amount of extended levels is determined by the users. Certain levels can stay relevant in the future, and can also aid in measuring the significance of a breakout, with further past levels being reached being indicative of more significant trends.
🔶 DETAILS
To determine if the price is up-trending or down-trending in order to show either support or resistance, the same method used in the predictive ranges script is used. A central tendency is estimated, if price significantly deviates from it upward an uptrend is detected, else a significant deviation downward would indicate a downtrend.
The central tendency estimate is used for the construction of the support and resistance levels.
🔶 SETTINGS
Multiplicative Factor: Determines the frequency at which new supports/resistances are returned, with lower values returning more frequent levels/zones.
ATR Length: ATR averaging length used as deviation threshold for the central tendency estimate.
Extend Last: Determines the amount of most recent historical supports/resistances to extend to the latest bar.
SRTL, 2EMA & TRAMASRTL - Support Resistance and Trend Line with Double EMA and TRAMA
The SRTL indicator is a powerful tool for technical analysis that seamlessly integrates support and resistance levels, trend lines, and moving average signals. It offers traders a comprehensive view of the market's dynamics, making it a valuable addition to any trading toolkit. Here's a concise summary of its key features and functionalities:
Key Features:
- Dynamic Support and Resistance Levels based on Pivot Points
- Trend Lines based on Recent Pivot Points
- Double Exponential Moving Averages (EMA) with adjustable lengths
- Trend Regularity Adaptive Moving Average (TRAMA) for trend identification
- Buy and Sell signals based on the crossover of EMAs
The indicator is composed of 4 main components:
1. Support and resistance levels: The indicator calculates support and resistance levels based on pivot points and a channel width parameter. These levels can be used to identify potential entry and exit points for trades. The script calculates and plots dynamic support and resistance levels based on pivot points. Users can adjust the period for calculating pivot points, loopback period, and S/R strength to customize the levels' sensitivity.
2. Trend Lines: The script identifies and plots trend lines based on recent pivot points. Users can customize the number of pivot points to consider and the start date to begin plotting the trend lines. The script identifies and plots trend lines based on recent pivot points. By adjusting the number of pivot points to consider and the start date, traders can visualize potential trends and assess the market's overall direction. This feature helps traders understand the prevailing market sentiment and make informed trading decisions.
3. Double Exponential Moving Averages (EMA): The script calculates and plots two Exponential Moving Averages (EMA) with customizable lengths. A crossover of these EMAs can be used as a signal for potential trend changes. The study calculates and displays two Exponential Moving Averages (EMA) with adjustable lengths. The crossover of these EMAs serves as a crucial signal for potential trend changes. When the faster EMA crosses above the slower EMA, a "Buy" signal is generated, and when the faster EMA crosses below the slower EMA, a "Sell" signal is generated.
4. Trend Regularity Adaptive Moving Average (TRAMA): The script calculates and plots the TRAMA, a unique adaptive moving average that helps identify trends and adapt to market conditions. The indicator includes the Trend Regularity Adaptive Moving Average (TRAMA), an adaptive moving average designed to identify trends and adapt to varying market conditions. TRAMA helps traders gauge the strength of a trend and provides valuable insights into potential trend reversals.
5. Signals: The script generates "Buy - Green" and "Sell- Red" signals based on the crossover of the two EMAs and Pivot Point Trend Levels. That Also Customizable.
How to Use:
The SRTL indicator is a powerful tool for technical analysis, offering multiple layers of information for traders. When the price approaches dynamic support or resistance levels, The dynamic support and resistance levels are based on pivot points and adjust to the market's current conditions. The trend lines help visualize potential trends and can be adjusted to show different numbers of pivot points. Additionally, the Double EMA and TRAMA lines provide further insight into the market's momentum and potential reversals. Traders can assess the potential for trend reversals or breakouts. The trend lines help visualize the market's prevailing direction, and the crossover of the Double EMA signals potential entry and exit points.
Traders should use this study as part of a broader trading strategy and combine it with other technical indicators, fundamental analysis, and risk management techniques. Additionally, it's essential to test the indicator thoroughly in a demo or back testing environment before applying it to live trading to ensure its compatibility with individual trading styles and preferences.
Daily Range Support & Resistance Levels [QuantVue]The Daily Range Support & Resistance Levels is an advanced analytical tool designed to assess daily price movements and provide potential support and resistance levels.
This tool examines the average daily price fluctuations over the past 150 trading days, and creates support and resistance levels based on the opening price.
The indicator also considers a standard deviation multiplier.
This enables traders and investors to identify potential price zones.
The support and resistance levels are dynamically updated every day.
Users can also choose to view previous daily levels as well.
Customizable settings for this tool include:
-Averaging Period: Adjust the number of days to calculate the average daily range.
-Standard Deviation Multiplier: Modify the standard deviation multiplier to fine-tune the sensitivity of the support and resistance levels. A higher multiplier will result in wider levels, accommodating higher price fluctuations.
-Toggle Support & Resistance Prices: Easily switch on or off the display of support and resistance price levels.
-Show Daily Open Line: Display the daily opening price as a reference point on the chart.
-Show Previous Levels: Choose whether to display past daily support and resistance levels.
Note: this indicator works best on 5 or 15 minute charts.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers.
Swing Action PriceEnglish:
**Description of "Swing Action Price" TradingView Script**
"Swing Action Price" is a custom technical indicator designed to identify swing highs and swing lows in a financial market. The script calculates and plots various lines on the chart to visualize these swing points. Swing highs are points where the price has made a local peak, while swing lows are points where the price has made a local trough.
The indicator displays the following lines on the chart:
1. Dotted lines representing each individual swing high and swing low identified on different timeframes (10, 30, 60, 100, 150, 200, 700, and 1000 bars).
2. Dotted lines representing the most recent swing high and swing low for the current bar.
How the indicator works:
1. The script uses historical price data to calculate swing highs and swing lows based on specific conditions.
2. For each of the mentioned timeframes, the indicator identifies the highest high and lowest low within a defined number of bars (10, 30, 60, etc.).
3. Once a new swing high or swing low is identified, the corresponding dotted lines are drawn on the chart, extending from the previous swing point to the current one.
The "Swing Action Price" indicator can be used by traders to visually identify key support and resistance levels in the market. It helps them recognize potential trend reversals or continuation points, which may be valuable for making trading decisions.
Please note that trading indicators should always be used in conjunction with other technical and fundamental analysis tools to make informed trading choices. The "Swing Action Price" indicator is offered under the Mozilla Public License 2.0, and the developer's username is "damianjorgeportillo."
Remember that past performance is not indicative of future results, and it's essential to exercise caution and apply risk management strategies when trading financial markets.
/******************************/
Spanish:
**Descripción del Script "Swing Action Price" en TradingView**
"Swing Action Price" es un indicador técnico personalizado diseñado para identificar máximos y mínimos en un mercado financiero. El script calcula y muestra diversas líneas en el gráfico para visualizar estos puntos de inflexión. Los máximos se producen cuando el precio alcanza un pico local, mientras que los mínimos ocurren cuando el precio alcanza un valle local.
El indicador muestra las siguientes líneas en el gráfico:
1. Líneas punteadas que representan cada máximo y mínimo individual identificado en diferentes marcos de tiempo (10, 30, 60, 100, 150, 200, 700 y 1000 barras).
2. Líneas punteadas que representan el máximo y mínimo más reciente para la barra actual.
Cómo funciona el indicador:
1. El script utiliza datos históricos de precios para calcular los máximos y mínimos en función de ciertas condiciones.
2. Para cada uno de los marcos de tiempo mencionados, el indicador identifica el máximo más alto y el mínimo más bajo dentro de un número específico de barras (10, 30, 60, etc.).
3. Una vez que se identifica un nuevo máximo o mínimo, se dibujan las líneas punteadas correspondientes en el gráfico, extendiéndose desde el punto de inflexión anterior hasta el actual.
El indicador "Swing Action Price" puede ser utilizado por traders para identificar visualmente niveles clave de soporte y resistencia en el mercado. Ayuda a reconocer posibles puntos de inversión o continuación de tendencia, lo que puede ser valioso para tomar decisiones comerciales.
Por favor, ten en cuenta que los indicadores de trading siempre deben utilizarse junto con otras herramientas de análisis técnico y fundamental para tomar decisiones comerciales informadas. El indicador "Swing Action Price" se ofrece bajo la Licencia Pública de Mozilla 2.0, y el nombre de usuario del desarrollador es "damianjorgeportillo".
Recuerda que el rendimiento pasado no garantiza resultados futuros, y es esencial ser cauteloso y aplicar estrategias de gestión de riesgos al operar en los mercados financieros.
Developing Market Profile / TPO [Honestcowboy]The Developing Market Profile Indicator aims to broaden the horizon of Market Profile / TPO research and trading. While standard Market Profiles aim is to show where PRICE is in relation to TIME on a previous session (usually a day). Developing Market Profile will change bar by bar and display PRICE in relation to TIME for a user specified number of past bars.
What is a market profile?
"Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices."
For education on market profiles I recommend you search the net and study some profitable traders who use it.
Key Differences
Does not have a value area but distinguishes each column in relation to the biggest column in percentage terms.
Updates bar by bar
Does not take sessions into account
Shows historical values for each bar
While there is an entire education system build around Market Profiles they usually focus on a daily profile and in some cases how the value area develops during the day (there are indicators showing the developing value area).
The idea of trading based on a developing value area is what inspired me to build the Developing Market Profile.
🟦 CALCULATION
Think of this Developing Market Profile the same way as you would think of a moving average. On each bar it will lookback 200 bars (or as user specified) and calculate a Market Profile from those bars (range).
🔹Market Profile gets calculated using these steps:
Get the highest high and lowest low of the price range.
Separate that range into user specified amount of price zones (all spaced evenly)
Loop through the ranges bars and on each bar check in which price zones price was, then add +1 to the zones price was in (we do this using the OccurenceArray)
After it looped through all bars in the range it will draw columns for each price zone (using boxes) and make them as wide as the OccurenceArray dictates in number of bars
🔹Coloring each column:
The script will find the biggest column in the Profile and use that as a reference for all other columns. It will then decide for each column individually how big it is in % compared to the biggest column. It will use that percentage to decide which color to give it, top 20% will be red, top 40% purple, top 60% blue, top 80% green and all the rest yellow. The user is able to adjust these numbers for further customisation.
The historical display of the profiles uses plotchar() and will not only use the color of the column at that time but the % rating will also decide transparancy for further detail when analysing how the profiles developed over time. Each of those historical profiles is calculated using its own 200 past bars. This makes the script very heavy and that is why it includes optimisation settings, more info below.
🟦 USAGE
My general idea of the markets is that they are ever changing and that in studying that changing behaviour a good trader is able to distinguish new behaviour from old behaviour and adapt his approach before losing traders "weak hands" do.
A Market Profile can visually show a trader what kind of market environment we currently are in. In training this visual feedback helps traders remember past market environments and how the market behaved during these times.
Use the history shown using plotchars in colors to get an idea of how the Market Profile looked at each bar of the chart.
This history will help in studying how price moves at different stages of the Market Profile development.
I'm in no way an expert in trading Market Profiles so take this information with a grain of salt. Below an idea of how I would trade using this indicator:
🟦 SETTINGS
🔹MARKET PROFILING
Lookback: The amount of bars the Market Profile will look in the past to calculate where price has been the most in that range
Resolution: This is the amount of columns the Market Profile will have. These columns are calculated using the highest and lowest point price has been for the lookback period
Resolution is limited to a maximum of 32 because of pinescript plotting limits (64). Each plotchar() because of using variable colors takes up 2 of these slots
🔹VISUAL SETTINGS
Profile Distance From Chart: The amount of bars the market profile will be offset from the current bar
Border width (MP): The line thickness of the Market Profile column borders
Character: This is the character the history will use to show past profiles, default is a square.
Color theme: You can pick 5 colors from biggest column of the Profile to smallest column of the profile.
Numbers: these are for % to decide column color. So on default top 20% will be red, top 40% purple... Always use these in descending order
Show Market Profile: This setting will enable/disable the current Market Profile (columns on right side of current bar)
Show Profile History: This setting will enable/disable the Profile History which are the colored characters you see on each bar
🔹OPTIMISATION AND DEBUGGING
Calculate from here: The Market Profile will only start to calculate bar by bar from this point. Setting is needed to optimise loading time and quite frankly without it the script would probably exceed tradingview loading time limits.
Min Size: This setting is there to avoid visual bugs in the script. Scaling the chart there can be issues where the Market Profile extends all the way to 0. To avoid this use a minimum size bigger than the bugged bottom box
Liquidity PeaksThe "Liquidity Peaks" indicator is a tool designed to identify significant supply and demand zones based on volumetric analysis. It analyzes the volume profile within a specified lookback range to pinpoint the most volumetric point and draw corresponding zones on the price chart.
The 𝐋𝐢𝐪. 𝐏𝐞𝐚𝐤𝐬 indicator utilizes volume data to identify key supply and demand areas on the price chart. By examining the volume profile within a defined lookback range, it highlights three distinct zones: liquidity grab, volume containment, and the most volumetric point.
Zones and their meanings:
Liquidity grab (Orange box): This zone represents a price level where there is a significant swipe of the previous demand zone within the volume range. It indicates a potential shift in market sentiment and serves as a key supply or demand area.
Volume containment (Gray box): This zone displays the area of volume contained before the peak in volume. It provides insights into the range where buying or selling pressure was concentrated, highlighting potential support or resistance levels.
Most volumetric point (Light blue box): This zone represents the point within the lookback range that exhibits the highest volume. It signifies a significant area of market interest and indicates a potential supply or demand level.
Adjustable options:
Adjust liquidity Grab: This option allows you to adjust the size of the boxes. When enabled, the box size is set to twice the size of the high or low of the candle's wick. This adjustment enhances the visibility and accuracy of identifying swipes at specific price levels.
Show origin: Enabling this option ensures that the liquidity boxes are drawn from the wick they were created from. This provides a clear visual reference to the specific candle and highlights the liquidity levels associated with it.
Utility:
The 𝐋𝐢𝐪. 𝐏𝐞𝐚𝐤𝐬 indicator is a valuable tool for traders and investors seeking to identify significant supply and demand zones in the market. By analyzing volume data and drawing corresponding zones on the chart, it helps to pinpoint areas where buying or selling pressure is likely to emerge.
Traders can utilize this information to identify potential support and resistance levels, plan their entries and exits, and make more informed trading decisions. The liquidity grab zones can act as potential reversal or breakout points, while the volume containment zones and most volumetric points provide insights into areas of high market interest.
It is important to note that this indicator should be used in conjunction with other technical analysis tools and indicators to confirm trading signals and validate market dynamics.
Example Charts:
RSI Chart LevelsThe RSI Chart Levels shows you in a simple way where Support/Resistance might be. You want to make sure all settings are the same in the RSI that you are using with this overlay to be accurate.
This is also good at spotting divergence in real-time. If price goes over the Higher High but the RSI hasn't gained a new Higher High it is showing divergence, vice versa for Lower Low.
This overlay was created with the idea of RSI Divergence Scanner by zdmre indicator. Add his RSI and match the settings to the chart overlay. The default Zigzag is set to 7 which zdmre settings is different so change to whatever you prefer.
Shoutout to zdmre original work!
Days Higher Than Current PriceThe "Days Higher Than Current Price" indicator is a color-coded tool that provides insights into the historical price performance of an underlying asset. By analyzing the number of bars prior to the selected day that had higher closing prices, this indicator visually represents the comparative strength or weakness of the current price level.
The "Days Higher" indicator utilizes a color-coded scheme to indicate the number of days in the asset's price history where the closing prices were higher than the current day's price. The color spectrum ranges from red to blue, representing varying levels of historical price strength.
Color Coding:
The color coding scheme of the indicator offers a quick and intuitive understanding of the price performance:
Red: Represents a higher number of days in the asset's price history where the closing prices were higher than the current day's price. This suggests a weaker price trend or a potential reversal and indicates relative price weakness.
Blue: Represents a lower number of days in the asset's price history where the closing prices were higher than the current day's price. This indicates a strong trend of higher prices and suggests relative price strength.
Orange & Green: Correspond to different numbers of days where the closing prices were higher than the current day's price. The specific color gradations between red and blue reflect increasing or decreasing historical price strength.
Methodology:
The "Days Higher" indicator examines each bar in the asset's price history leading up to the selected day. It counts the number of bars where the closing prices were higher than the current day's price.
The indicator then assigns a specific color to the price chart based on the count of such days, providing a visual representation of historical price strength relative to the current price level.
Utility:
The "Days Higher" indicator offers traders and investors a unique perspective on the historical price performance of an asset. By assessing the color-coded chart, market participants can quickly gauge the presence of strong or weak historical price trends.
This information can be used to identify potential support or resistance levels, assess the overall strength of a trend, or evaluate the likelihood of a price reversal. Traders may incorporate this indicator into their analysis to make more informed trading decisions based on the historical price strength indicated by the color-coded chart.
It is important to note that this tool should be used in conjunction with other technical analysis tools and indicators to validate signals and make well-rounded trading decisions.
Example Charts:
-Indices-
-Stocks-
-Cryptos-
-Multi-Timeframe-
Liquidity Sentiment Profile [LuxAlgo]The Liquidity Sentiment Profile is an advanced charting tool that measures by combining PRICE and VOLUME data over specified anchored periods and highlights within a sequence of profiles the distribution of the liquidity and the market sentiment at specific price levels.
The Liquidity Sentiment Profile allows traders to reveal significant price levels, dominant market sentiment, support and resistance levels, supply and demand zones, liquidity availability levels, liquidity gaps, consolidation zones, and more based on price and volume data.
Liquidity refers to the availability of orders at specific price levels in the market, allowing transactions to occur smoothly.
🔶 USAGE
A Liquidity Sentiment Profile is a combination of a liquidity and a sentiment profile, where the right part of the profile displays the distribution of the traded activity at different price levels and the left part displays the market sentiment at those price levels.
The Liquidity Sentiment Profiles are visualized with different colors, where each color has a different meaning.
The Liquidity Sentiment Profiles aim to present Value Areas based on the significance of price levels, thus allowing users to identify value areas that can be formed more than once within the range of a single profile.
Level of Significance Line - displays the changes in the price levels with the highest traded activity (developing POC)
🔶 SETTINGS
The script takes into account user-defined parameters and plots the profiles, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip.
🔹 Liquidity Sentiment Profiles
Anchor Period: The indicator resolution is set by the input of the Anchor Period, the default option is AUTO.
🔹 Liquidity Profile Settings
Liquidity Profile: Toggles the visibility of the Liquidity Profiles
High Traded Nodes: Threshold and Color option for High Traded Nodes
Average Traded Nodes: Color option for Average Traded Nodes
Low Traded Nodes: Threshold and Color option for Low Traded Nodes
🔹 Sentiment Profile Settings
Sentiment Profile: Toggles the visibility of the Sentiment Profiles
Bullish Nodes: Color option for Bullish Nodes
Bearish Nodes: Color option for Bearish Nodes
🔹 Other Settings
Level of Significance: Toggles the visibility of the Level of Significance Line
Profile Price Levels: Toggles the visibility of the Profile Price Levels
Number of Rows: Specify how many rows each profile histogram will have. Caution, having it set to high values will quickly hit Pine Script™ drawing objects limit and fewer historical profiles will be displayed
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length
Profile Range Background Fill: Toggles the visibility of the Profiles Range
🔶 LIMITATIONS
The amount of drawing objects that can be used is limited, as such using a high number of rows can display fewer historical profiles and occasionally incomplete profiles.
🔶 RELATED SCRIPTS
🔹 Buyside-Sellside-Liquidity
🔹 ICT-Concepts
🔹 Swing-Volume-Profiles
[DisDev] D-I-Y Gridbot🟩 This script is a “do-it-yourself” Grid Bot Simulator, used for visualizing support and resistance levels. Prices are divided into grids, or trade zones, that will trigger signals each time a new zone is entered. During ranging markets, each transaction is followed by a “take profit.” As the market starts to trend, transactions are stacked (compare to DCA ), until the market consolidates. No signals are triggered above the upper gridline or below the lower gridline. Unlike the previous version, all grids may be adjusted in real-time by dragging the gridlines up and down to the desired support and resistance levels.
When adding the indicator to a new chart, you must choose six grid levels by clicking on the desired support or resistance price. You can change all of these levels at any time directly on the chart.
⚡ OVERVIEW ⚡
The D-I-Y Gridbot is an interactive tool designed for visualizing support and resistance levels. As a continuation of the original Gridbot Simulator , which has received significant recognition on TradingView, earning over 4000 boosts and an Editor's Pick status. This tool serves not only as an evolved version of its predecessor, but also as an open-source template for developing future gridbots. It aims to foster discussions and facilitate innovations around grid-trading strategies.
One of the new features of this gridbot is the real-time adjustability of all gridlines. Users can move these lines up and down to set their desired support and resistance levels in response to changing market conditions. Additionally, the D-I-Y Gridbot is compatible with multiple timeframes and can be used on most TradingView charts.
Drag gridlines up or down to desired price level.
Key Features 🔑
All gridlines are adjustable in real-time, directly on the chart
Signals can be filtered by a customizable moving average or by VWAP
Customizable support and resistance levels
Potentially increases profitability in ranging markets
Benefits 💸
Customizable Support and Resistance Levels : The D-I-Y Gridbot allows users to set their preferred support and resistance levels, which can be changed at any time directly on the chart. This provides users with the ability to customize their trading parameters based on their strategy and risk tolerance.
Various Trading Strategies : The D-I-Y Gridbot supports various trading strategies, including Mean Reversion, Ranging Markets, and Dollar-cost averaging (DCA). This allows users to capitalize on price reversals, execute buy and sell orders at predetermined levels, and buy more of an asset as the price falls, respectively.
Multi-Timeframe and Versatility : The D-I-Y Gridbot is compatible with multiple timeframes and can be used on any TradingView chart.
Experimental and Educational : The D-I-Y Gridbot is considered a proof-of-concept tool that is both experimental and educational. This can provide traders with a deeper understanding of grid trading strategies and the ability to experiment with different trading parameters and strategies.
⚙️ CONFIGURATION & SETTINGS ⚙️
Inputs 🔧
Trigger : Candle location to trigger the signal. "Wick" will use either high or low, depending on the signal direction. "Close" will use the close price. “MA” will use the selected moving average or VWAP.
Confirmation : Market direction to confirm the candle trigger. "Reverse" will confirm the signal when the price crosses back over the trigger. "Breakout" will confirm when the price breaks out of the trigger.
Number of Support/Resistance zones : 1 = Only Top Grid is Support/Only Bottom Grid is Resistance. 2 = Top two grids are Resistance/Bottom two grids are Support. 3 = Top three grids are Resistance/Bottom three grids are Support
MA Type : Exponential Moving Average (EMA), Hull Moving Average (HMA), Simple Moving Average (SMA), Triple Exponential Moving Average (TEMA), Volume Weighted Moving Average (VWMA), Volume Weighted Average Price (VWAP)
MA Filter : Use Moving Average as a reversion filter for signals. When enabled, no buys when above MA, no sells when below. Use in conjunction with S/R zones to reduce false signals.
Allow Repeat Signals . When enabled, signals will reset when nearest gridline is triggered. When disabled, only one signal will be triggered per gridline.
Line/Fill colors
Gridlines . Adjusts gridline prices manually.
Left : Trigger = Wick. Confirm = Breakout. Buys are signaled when LOW breaks below gridline. Sells are triggered when HIGH breaks above gridline.
Right : Trigger = Close. Confirm = Breakout. Buys are signaled when the candle CLOSES below the gridline. Sells are triggered when the candle CLOSES above the gridline.
Left : Confirm=Breakout. Signals on breaking through the next gridline.
Right : Confirm=Reverse. Signals only when crossing back from the gridline.
S/R Zones=1. Upper gridline is Resistance / Lower is Support. Middle 4 are neutral.
S/R Zones = 3. Upper three gridlines are Resistance / Lower three are Support
Notes:
If gridlines are dragged out of order on a live chart, they will auto-sort into the correct order.
Price levels may be entered in settings, or adjusted in real-time directly on the chart.
When changing symbols, remember to adjust the gridlines to accommodate the new symbol.
Alerts 🔔
Users can set alerts based on their chosen parameters for triggers, confirmations, number of support/resistance zones, and smoothing type, enabling precise control over alert conditions.
💡 USAGE & STRATEGY 💡
Trading Strategies 📈
Mean Reversion: The script can be used to capitalize on price reversals back to the mean.
Ranging Markets: The script excels in ranging markets, executing buy and sell orders at predetermined levels.
Dollar-cost averaging (DCA): The script can be used to execute DCA orders, buying more of an asset as the price falls, and lowering the average cost per unit.
Timeframes and Symbols ⌚
Multi-Timeframe: The indicator is compatible with multiple timeframes.
Versatile: Can be used on any crypto trading pair on TradingView.
🤖 DETAILS & METHODOLOGY 🤖
Algorithm and Calculation 🛡️
Grids are set and adjusted when loading the indicator on the chart and may be customized anytime afterward by clicking and dragging the gridlines on the chart.
Gridlines are updated, sorted, and stored in a float array.
Signals are calculated based on candle trigger, market direction, and previous price level.
📚 ADDITIONAL RESOURCES 📚
Chart Examples 📊
S/R Zones = 3: Three Support and Three Resistance. Filter = 50-period Triple Exponential Moving Average (TEMA)
S/R Zones = 1: One Support, One Resistance, and Four Neutral Zones. Support Zones: Buys only. Resistance Zones: Sells only. Neutral Zones: Grid-dependent
When MA filter is enabled, Buys are only triggered below Moving Average, and Sells are only triggered above.
Trigger = Wick. Confirmation = Breakout. Buys are signaled when Low breaks above the next grid level. Sells are signaled when High breaks below the next grid level.
🚀 CONCLUSION 🚀
The D-I-Y Gridbot is a proof-of-concept, emphasizing its experimental and educational nature. In future versions, we will aim to incorporate concepts such as auto-adjusting grids and angled grids for trending markets. The script is designed to evolve through user feedback and suggestions, shaping its future iterations.
Credit: This is a continuation of the Gridbot series by xxattaxx-DisDev . Explicit permission was granted by user xxattaxx-disdev to re-use all Gridbot code and all materials without restrictions.
⚠️ DISCLAIMER ⚠️
This indicator is a proof-of-concept and is considered experimental and educational. When gridlines are drawn in hindsight, signals appear to be predictive and valid. Future results may always vary when the trend direction changes. Comments and suggestions are encouraged.
This indicator is provided as a tool for traders and should not be used as the sole basis for making trading decisions. Always conduct your own research and consider your risk tolerance before entering any trades.
Support/ResistanceUse this code to stop support and resistance
This can be used with the momentum indicators that I have to see if we are likely to breakout or get rejected
Indicator Settings:
The indicator is titled "Support/Resistance | Breaks & Bounces" and is set to overlay on the price chart.
max_lines_count is set to 500, indicating the maximum number of support/resistance lines that can be plotted.
User Input:
The script allows users to customize the pivot method, sensitivity, and line width through input variables.
point_method determines whether the pivot calculation is based on "Candle Wicks" or "Candle Body".
left_bars represents the number of bars to the left used to identify pivot highs/lows.
right_bars is set equal to left_bars.
line_width controls the width of the support/resistance lines.
Global Variables and Arrays:
The script declares several variables and arrays to store information related to support and resistance levels, breakouts, and bounces.
high_source and low_source are calculated based on the selected pivot method.
fixed_pivot_high and fixed_pivot_low store the pivot highs and lows using the chosen sensitivity.
Variables and arrays are initialized for tracking support/resistance lines, breakout triggers, and bounce triggers.
Main Operation:
The main operation occurs when barstate.isconfirmed is true, indicating that a new bar has formed and its data is final.
The script iterates through the support/resistance lines to update their end points (x2) to the current bar.
For each support/resistance line, it checks if a breakout or bounce event has occurred based on the current and previous bar's price levels.
If a breakout or bounce event is detected, the corresponding trigger variables (red_breakout_trigger, red_rejection_trigger, green_breakout_trigger, green_rejection_trigger) are set to true.
The script also checks for changes in the pivot highs and lows and updates the support/resistance lines accordingly.
If a change is detected, it clears the existing lines, breakout, and bounce arrays and adds new lines for the updated pivot levels.
Support & Resistance ParserI've created a user-friendly trading indicator that interprets and visually presents support and resistance levels, transforming raw data into actionable insights.
Here's a glimpse of what you might encounter:
Today's trigger points (ES)
Support: 4264.5,4220.75,4131.5,4164.5,3980.75,4182.5,4174.25,4120,4112.25,4089.25,4085.75
Resistance: 4299.75,4304.5,4316.75,4345.25,4331.75
This is how it works:
1. Copy the series of support and resistance figures, ie just the comma separated numbers
2. Paste each series into their respective setting in the indicator.
3. The indicator parses the data, understanding the sequence and importance of each figure.
4. It then draws the corresponding support and resistance lines on your trading chart.
Chart would appear similar to the following:
This tool distinguishes itself with its user-friendly features. Each line comes with adjustable labels, enabling users to personalize their visualization. This makes the data more intuitive and easier to comprehend, enhancing decision-making during trades.
Note: The indicator includes limited error handling capabilities.
Make the most out of your trading journey with this intuitive and customizable tool, specifically designed to turn raw data into valuable trading insights.
VWAP Reset Zones
With this indicator, the VWAP is displayed based on two adjustable sources. Close and Open are recommended by default.
The zone between the Open and Close VWAP is carried over to the next day as the zone at the end of the period.
The zones can be considered as support and resistance zones.
The chart illustrates the idea behind it.
In addition, the anchor function has been added so that anchor points can be set for session, week and month.
Depending on the set anchor and the selected time unit of the chart, an adjustment of the indicator to the time unit can be made.
Recommended time unit of the indicator: Session = 15 min / Weekly = 1H / Month = 4H
In addition, the zones between VWAP close and vwap open have been colored.
Bullish when the close is above the open price and bearish when the close is below the open price.
The principle is simple. If the average closing price is below the average opening price, a downtrend is to be assumed and vice versa an uptrend.
Best Support And Resistance Indicator V1 [ForexBee]This Indicator Identifies and draws the support and resistance Zones On the Chart
🔶Overview
The support and resistance indicator is a technical indicator that will plot the support zone and resistance zone on the candlestick chart. It determines the price touches to find the strong support resistance zones.
The support and resistance indicator is the most basic technical analysis in trading. Instead of drawing zones manually, this indicator can save you time by plotting zones automatically.
🔶Working
There are specific characteristics of a valid support and resistance zone. Price always bounces upward from the support zone while it bounces downward from the resistance zone. On the other hand, when a breakout of the support or resistance zone happens, the price trends toward the breakout.
🔶Valid support zone
When the price touches a zone two to three times and bounces in a bullish direction, it is a good support zone.
The main point is that you should always find the bounces in clear price swings. The touches or bounces of the price must not be in the form of a choppy market. Price always moves in the form of swings or waves.
🔶Valid resistance zone
When the price touches a zone two to three times with a bounce in a bearish direction, then a valid resistance zone forms.
Here the price bounces must be in the form of swings or waves. You must avoid a choppy market.
So the support and resistance zone indicator finds these parameters on the chart and draws only valid zones.
🔶Settings of indicator
There are two inputs available in the indicator.
Number of bars for swing
The number of bars for the swing bars represents the size of the swing for a valid support or resistance touch. This parameter helps to filter the ranging price. the default value is 10.
Number of Tests for valid support and resistance
In this indicator, the number of pivots represents the support or resistance touches. so if you select the number 3, the indicator will only draw a zone with three touches.
🔶Features
There are the following features that this indicator identifies automatically, so you don’t need to do manual work.
Identify the valid support and resistance zones
Add the confluence of swings or waves during zone identification
Choppy market filter
We are also adding the feature of a candlestick pattern at the zone, which will be added in the next update.
