Jags Dynamic S/R with Breakout & Weakness SignalsThis script is designed to automatically identify and display significant support and resistance levels on your chart. It then goes a step further by actively monitoring for potential breakouts and signs of support weakness.
Core Functionality: Identifying Key Levels
At its heart, the script uses a pivot logic to find recent price highs and lows, which it then plots as horizontal lines representing potential resistance and support, respectively. You have full control over how these levels are identified:
Timeframe: You can choose to find these pivot points on the current chart's timeframe or a higher one (e.g., daily pivots on an hourly chart).
Lookback Period: You can define how many bars to the left and right of a pivot point the script should consider, allowing you to fine-tune the significance of the levels it identifies.
Line Management: To keep your chart clean, you can set the maximum number of support and resistance lines to display. The script also has a clever "merge" feature that combines new pivot levels with existing ones if they are very close together, preventing clutter.
Breakout Detection
A key feature of this indicator is its ability to signal when the price breaks through one of these identified support or resistance levels. You can enable or disable this feature and choose from several confirmation methods to suit your trading style:
Simple Price Action: A breakout is confirmed simply by the price closing above a resistance level or below a support level.
ATR (Average True Range): For a breakout to be valid, the price must close a certain distance (based on the ATR) beyond the level, filtering out minor fluctuations.
Volume: This option adds another layer of confirmation by requiring a significant increase in trading volume during the breakout, suggesting strong conviction behind the move.
Momentum: This method uses the RSI (Relative Strength Index) to confirm that the breakout is supported by strong underlying momentum.
Quantitative: A more advanced option that uses a combination of the Rate of Change (ROC) and a Volume-Weighted Moving Average (VWMA) to provide a robust, multi-faceted confirmation of the breakout.
When a confirmed breakout occurs, the script will:
Color the breakout bar green for a bullish breakout (upward) or red for a bearish breakout (downward).
Place an arrow below a bullish breakout or above a bearish breakout.
Trigger an alert to notify you of the event.
Support Weakness Detection
To provide an early warning of a potential breakdown, the script includes a unique "Support Weakness Detection" feature. When enabled, it looks for a specific confluence of bearish signals as the price approaches a support level:
The price is hovering just above a key support level.
The short-term trend has already turned bearish (based on a moving average).
Momentum is fading (indicated by a falling RSI).
If all these conditions are met, a blue down-arrow will appear above the price bar, signalling that the nearby support may not hold.
Trend Analysis
ADX_Power_IndikatorThe ADX Power Indicator is a technical analysis tool based on the well-known Average Directional Index (ADX) developed by Welles Wilder.
This script visualizes the core components of the ADX system – +DI, –DI, and ADX – in a clean and focused way. It emphasizes the crossovers between +DI and –DI, which can serve as potential entry or exit signals.
🔍 Features
Plots the ADX line as a stepped line to represent trend strength
Displays +DI (green) and –DI (red) lines clearly
Highlights important crossovers with colored crosses:
✅ Buy signal: +DI crosses above –DI (green cross)
❌ Sell signal: –DI crosses above +DI (red cross)
Clean and minimalistic layout – great for combining with other strategies
📈 How to Use
This indicator is ideal for traders who want to:
Measure trend strength using ADX
Detect trend reversals through DI crossovers
Confirm entries and exits based on momentum shifts
The default parameters (14-period DI and ADX) can be adjusted in the script to suit your trading style or market conditions.
ma rationing🧠 MA Rationing Indicator – Multi-Averaged Momentum + Divergence Zones
This script blends various moving average ratios (SMA, EMA, WMA, RMA) to create a smoothed and zero-centered momentum oscillator. Its goal is to highlight shifts in trend strength and spot possible divergences confirmed by volume.
🔍 Key Features:
• MA Ratio Core: Composite of multiple MA types across a short vs. long smoothing window, plotted against zero for trend clarity.
• Visual Acceleration Markers: Circle color intensity reflects momentum acceleration or deceleration.
• Volume-Supported Divergence: Highlights when price diverges from momentum and volume supports the signal.
• RSI Zone Highlighting: Dynamically draws boxes over RSI Overbought/Oversold regions as sentiment zones form.
• Custom Alerts: Includes alerts for zero-line crosses and divergence + volume confirmation.
This tool is designed for users seeking to combine price action, momentum, and volume into one clear visualization. It does not provide direct trade signals and should be used alongside your broader analysis.
K1 - Quarterly Theory Primary Price LevelsThe K1 indicator is a specialized tool designed for traders practicing Quarterly Theory (QT) and related concepts of smart money. It focuses on calculating and displaying Primary Price Levels (PPLs) that form the backbone of many QT-based strategies.
Unlike generic indicators using standard levels like previous highs/lows or session opens, K1 offers three uniquely integrated capabilities not found together in any open-source indicators on TradingView:
✅ Unique Features
Customizable PPL Visibility per Chart Context
Each price level can be individually toggled on or off, enabling traders to fine-tune their charts for specific timeframes and trading setups. For example, some traders prefer only the PWH, PWL, and Q3 Daily Open on higher timeframes, while others prioritize PDH, PDL, London Open, and NY AM Open on intraday charts. This level of flexibility supports multi-timeframe analysis with minimal clutter.
Historical PPL Display for Backtestin g
K1 supports historical plotting of PPLs for backtesting trade setups across multiple days or weeks. Historical levels can also be toggled, giving traders granular control over how far back the data is displayed and which levels to analyze retrospectively.
Consequent Encroachment (C.E.) Calculations
The indicator includes dashed lines marking the 50% wick levels (C.E.) of both the daily and 12-hour candles. These C.E. levels often signal potential retracement or reversal points. This concept, rooted in ICT methodology, is not commonly included in standard indicators and offers traders an advanced reference for precise entries.
📘 Background & Theory
K1 was developed in response to specific feature requests from QT traders and incorporates ideas from Traderdaye, who was influenced by ICT (Inner Circle Trader) teachings. It is also compatible with extended QT concepts such as:
Sequential Smart Money Technique (SSMT)
Precision Swing Point (PSP)
Terminus Price Divergence (TPD), a concept by Jacob Speculates
These concepts work together with the PPLs to build confluence zones and refine high-probability entries.
📍 Included PPLs in K1
Prior Week High (PWH) / Low (PWL)
Prior Day High (PDH) / Low (PDL)
True Day Open (000)
London Open (130)
Q3 Daily Open (600)
New York AM (730) / PM Open (1300)
True Week Open (TWO)
Sunday True Open (STO)
Consequent Encroachment Daily Wick (C.E. D)
Consequent Encroachment 12H Wick (C.E. 12H)
K1 is closed-source due to the proprietary logic used for session-specific time logic, precision wick encroachment calculations, and a multi-context plotting engine explicitly designed for QT workflows.
This script is currently available by invitation only and is intended for traders familiar with QT methodologies who want to add higher precision and flexibility to their technical charting.
Alpha - Combined BreakoutThis Pine Script indicator, "Alpha - Combined Breakout," is a combination between Smart Money Breakout Signals and UT Bot Alert, The UT Bot Alert indicator was initially developer by Yo_adriiiiaan
The idea of original code belongs HPotter.
This Indicator helps you identify potential trading opportunities by combining two distinct strategies: Smart Money Breakout and a modified UT Bot (likely a variation of the Ultimate Trend Bot). It provides visual signals, draws lines for potential take profit (TP) and stop loss (SL) levels, and includes a dashboard to track performance metrics.
Tutorial:
Understanding and Using the "Alpha - Combined Breakout" Indicator
This indicator is designed for traders looking for confirmation of market direction and potential entry/exit points by blending structural analysis with a trend-following oscillator.
How it Works (General Concept)
The indicator combines two main components:
Smart Money Breakout: This part identifies significant breaks in market structure, which "smart money" traders often use to gauge shifts in supply and demand. It looks for higher highs/lows or lower highs/lows and flags when these structural points are broken.
UT Bot: This is a trend-following component that generates buy and sell signals based on price action relative to an Average True Range (ATR) based trailing stop.
You can choose to use these signals independently or combined to generate trading alerts and visual cues on your chart. The dashboard provides a quick overview of how well the signals are performing based on your chosen settings and display mode.
Parameters and What They Do
Let's break down each input parameter:
1. Smart Money Inputs
These settings control how the indicator identifies market structure and breakouts.
swingSize (Market Structure Time-Horizon):
What it does: This integer value defines the number of candles used to identify significant "swing" (pivot) points—highs and lows.
Effect: A larger swingSize creates a smoother market structure, focusing on longer-term trends. This means signals might appear less frequently and with some delay but could be more reliable for higher timeframes or broader market movements. A smaller swingSize will pick up more minor market structure changes, leading to more frequent but potentially noisier signals, suitable for lower timeframes or scalping.
Analogy: Think of it like a zoom level on your market structure map. Higher values zoom out, showing only major mountain ranges. Lower values zoom in, showing every hill and bump.
bosConfType (BOS Confirmation Type):
What it does: This string input determines how a Break of Structure (BOS) is confirmed. You have two options:
'Candle Close': A breakout is confirmed only if a candle's closing price surpasses the previous swing high (for bullish) or swing low (for bearish).
'Wicks': A breakout is confirmed if any part of the candle (including its wick) surpasses the previous swing high or low.
Effect: 'Candle Close' provides stronger, more conservative confirmation, as it implies sustained price movement beyond the structure. 'Wicks' provides earlier, more aggressive signals, as it captures momentary breaches of the structure.
Analogy: Imagine a wall. 'Candle Close' means the whole person must get over the wall. 'Wicks' means even a finger touching over the top counts as a breach.
choch (Show CHoCH):
What it does: A boolean (true/false) input to enable or disable the display of "Change of Character" (CHoCH) labels. CHoCH indicates the first structural break against the current dominant trend.
Effect: When true, it helps identify early signs of a potential trend reversal, as it marks where the market's "character" (its tendency to make higher highs/lows or lower lows/highs) first changes.
BULL (Bullish Color) & BEAR (Bearish Color):
What they do: These color inputs allow you to customize the visual appearance of bullish and bearish signals and lines drawn by the Smart Money component.
Effect: Purely cosmetic, helps with visual identification on the chart.
sm_tp_sl_multiplier (SM TP/SL Multiplier (ATR)):
What it does: A float value that acts as a multiplier for the Average True Range (ATR) to calculate the Take Profit (TP) and Stop Loss (SL) levels specifically when you're in "Smart Money Only" mode. It uses the ATR calculated by the UT Bot's nLoss_ut as its base.
Effect: A higher multiplier creates wider TP/SL levels, potentially leading to fewer trades but larger wins/losses. A lower multiplier creates tighter TP/SL levels, potentially leading to more frequent but smaller wins/losses.
2. UT Bot Alerts Inputs
These parameters control the behavior and sensitivity of the UT Bot component.
a_ut (UT Key Value (Sensitivity)):
What it does: This integer value adjusts the sensitivity of the UT Bot.
Effect: A higher value makes the UT Bot less sensitive to price fluctuations, resulting in fewer and potentially more reliable signals. A lower value makes it more sensitive, generating more signals, which can include more false signals.
Analogy: Like a noise filter. Higher values filter out more noise, keeping only strong signals.
c_ut (UT ATR Period):
What it does: This integer sets the look-back period for the Average True Range (ATR) calculation used by the UT Bot. ATR measures market volatility.
Effect: This period directly influences the calculation of the nLoss_ut (which is a_ut * xATR_ut), thus defining the distance of the trailing stop loss and take profit levels. A longer period makes the ATR smoother and less reactive to sudden price spikes. A shorter period makes it more responsive.
h_ut (UT Signals from Heikin Ashi Candles):
What it does: A boolean (true/false) input to determine if the UT Bot calculations should use standard candlestick data or Heikin Ashi candlestick data.
Effect: Heikin Ashi candles smooth out price action, often making trends clearer and reducing noise. Using them for UT Bot signals can lead to smoother, potentially delayed signals that stay with a trend longer. Standard candles are more reactive to raw price changes.
3. Line Drawing Control Buttons
These crucial boolean inputs determine which type of signals will trigger the drawing of TP/SL/Entry lines and flags on your chart. They act as a priority system.
drawLinesUtOnly (Draw Lines: UT Only):
What it does: If checked (true), lines and flags will only be drawn when the UT Bot generates a buy/sell signal.
Effect: Isolates UT Bot signals for visual analysis.
drawLinesSmartMoneyOnly (Draw Lines: Smart Money Only):
What it does: If checked (true), lines and flags will only be drawn when the Smart Money Breakout logic generates a bullish/bearish breakout.
Effect: Overrides drawLinesUtOnly if both are checked. Isolates Smart Money signals.
drawLinesCombined (Draw Lines: UT & Smart Money (Combined)):
What it does: If checked (true), lines and flags will only be drawn when both a UT Bot signal AND a Smart Money Breakout signal occur on the same bar.
Effect: Overrides both drawLinesUtOnly and drawLinesSmartMoneyOnly if checked. Provides the strictest entry criteria for line drawing, looking for strong confluence.
Dashboard Metrics Explained
The dashboard provides performance statistics based on the lines drawing control button selected. For example, if "Draw Lines: UT Only" is active, the dashboard will show stats only for UT Bot signals.
Total Signals: The total number of buy or sell signals generated by the selected drawing mode.
TP1 Win Rate: The percentage of signals where the price reached Take Profit 1 (TP1) before hitting the Stop Loss.
TP2 Win Rate: The percentage of signals where the price reached Take Profit 2 (TP2) before hitting the Stop Loss.
TP3 Win Rate: The percentage of signals where the price reached Take Profit 3 (TP3) before hitting the Stop Loss. (Note: TP1, TP2, TP3 are in order of distance from entry, with TP3 being furthest.)
SL before any TP rate: This crucial metric shows the number of times the Stop Loss was hit / the percentage of total signals where the stop loss was triggered before any of the three Take Profit levels were reached. This gives you a clear picture of how often a trade resulted in a loss without ever moving into profit target territory.
Short Tutorial: How to Use the Indicator
Add to Chart: Open your TradingView chart, go to "Indicators," search for "Alpha - Combined Breakout," and add it to your chart.
Access Settings: Once added, click the gear icon next to the indicator name on your chart to open its settings.
Choose Your Signal Mode:
For UT Bot only: Uncheck "Draw Lines: Smart Money Only" and "Draw Lines: UT & Smart Money (Combined)". Ensure "Draw Lines: UT Only" is checked.
For Smart Money only: Uncheck "Draw Lines: UT Only" and "Draw Lines: UT & Smart Money (Combined)". Ensure "Draw Lines: Smart Money Only" is checked.
For Combined Signals: Check "Draw Lines: UT & Smart Money (Combined)". This will override the other two.
Adjust Parameters:
Start with default settings. Observe how the signals appear on your chosen asset and timeframe.
Refine Smart Money: If you see too many "noisy" market structure breaks, increase swingSize. If you want earlier breakouts, try "Wicks" for bosConfType.
Refine UT Bot: Adjust a_ut (Sensitivity) to get more or fewer UT Bot signals. Change c_ut (ATR Period) if you want larger or smaller TP/SL distances. Experiment with h_ut to see if Heikin Ashi smoothing suits your trading style.
Adjust TP/SL Multiplier: If using "Smart Money Only" mode, fine-tune sm_tp_sl_multiplier to set appropriate risk/reward levels.
Interpret Signals & Lines:
Buy/Sell Flags: These indicate the presence of a signal based on your selected drawing mode.
Entry Line (Blue Solid): This is where the signal was generated (usually the close price of the signal candle).
SL Line (Red/Green Solid): Your calculated stop loss level.
TP Lines (Dashed): Your three calculated take profit levels (TP1, TP2, TP3, where TP3 is the furthest target).
Smart Money Lines (BOS/CHoCH): These lines indicate horizontal levels where market structure breaks occurred. CHoCH labels might appear at the first structural break against the prior trend.
Monitor Dashboard: Pay attention to the dashboard in the top right corner. This dynamically updates to show the win rates for each TP and, crucially, the "SL before any TP rate." Use these statistics to evaluate the effectiveness of the indicator's signals under your current settings and chosen mode.
*
Set Alerts (Optional): You can set up alerts for any of the specific signals (UT Bot Long/Short, Smart Money Bullish/Bearish, or the "Line Draw" combined signals) to notify you when they occur, even if you're not actively watching the chart.
By following this tutorial, you'll be able to effectively use and customize the "Alpha - Combined Breakout" indicator to suit your trading strategy.
Golden Pocket Syndicate [GPS]Golden Pocket Syndicate is a multi-layered market analysis toolkit built for precision entries and sniper-style reversals in both trending and ranging conditions. The script fuses volume dynamics, golden pocket structures, market maker behavior, and liquidation cluster tracking into one high-confluence system.
Core Features:
• 📐 Golden Pocket Zones: Dynamic GP levels from daily, weekly, monthly, and yearly timeframes. These levels update in real-time and serve as confluence zones for entries and exits.
• 📊 WaveTrend Divergence Diamonds: Momentum shifts are detected using a custom filtered WaveTrend cross system to mark high-probability reversal conditions.
• 🧠 Market Maker Premium Divergence: Tracks price dislocation between CME and Binance to detect large player manipulation using a configurable premium threshold.
• 💎 MM Reversal Diamonds: Identifies potential market maker traps and large player pivots using historical candle behavior, EMA alignment, and price structure breaks.
• 📉 Stealth Liquidation Cluster Arrows: Volume-based liquidation pressure visualized as lightweight directional arrows based on calculated wick expansion and volume bursts. Highlights key zones where price is likely to bounce or reject.
• 🧭 Trend Validation: Uses volume-based trend conditions and short-term EMA positioning to further qualify signals and eliminate noise.
How to Use:
This indicator is designed to help traders visualize confluence between key institutional price levels, momentum shifts, and volume-based pressure points. Long/short opportunities can be explored at marked reversal diamonds or liquidation zones that align with key GP levels. Intended for use on higher timeframes (15m to 4H), though flexible across any pair or market.
Advanced ORB [MOT]📈 Advanced ORB – Multi-Session Opening Range Breakout System
The Advanced ORB indicator is a professional-grade tool designed to help intraday and futures traders identify high-probability breakout and reversal zones across multiple global trading sessions.
Unlike standard ORB tools that only cover the NY open, this script includes 10 proprietary, backtested session times, as well as support for 3 fully customizable user-defined sessions. Built-in signal detection and a higher-timeframe confluence engine make this a full-featured ORB solution for scalping, day trading, and momentum-based setups.
🔍 Core Features
✅ 10 Predefined ORB Sessions
This indicator includes 10 battle-tested ORB sessions derived from institutional market behavior — including:
New York AM session (e.g., 9:30–9:45 AM)
New York PM session (e.g., 3:30–3:45 PM)
Global sessions such as London AM and others
(The exact timing of proprietary sessions is not disclosed here to protect edge and backtest integrity.)
✅ Enable Multiple Sessions Simultaneously
You can plot multiple sessions on the same chart — each with its own range, labels, and signals. This is made possible through optimized array logic, giving traders a comprehensive view of overlapping session breakouts.
📷 Picture of Chart Showing AM and PM ORB Session Overlays
🎯 Signal Engine
🔷 3-Bar Breakout Signals
Detects structured price breakouts over 3 candles — including confirmation volume and breakout direction. Ideal for catching early momentum out of the ORB.
🔁 Reversal Signals
Identifies false breakouts and traps around ORB highs and lows. Triggers when price breaks out, then closes back inside the range with volume confirmation — perfect for fade setups and mean reversion traders.
🚀 Continuation Breakouts
Fires when price cleanly breaks out and pushes further with strong momentum. Uses a configurable breakout buffer and volume filter to prevent weak or failed breakouts.
📷 Picture of Chart Showing Buy and Sell Signals
🧠 HTF Confluence Engine – 3-Bar Pattern Projection
Detects 3-bar inside bar patterns on a higher timeframe (default is 15m) and plots dotted projection lines at the breakout level. These serve as strong confluence zones when they align with a lower timeframe ORB setup.
Green dotted lines = Bullish breakout threshold from HTF
Red dotted lines = Bearish breakdown threshold from HTF
📷 Picture of Chart Showing 3 Bar Projection Lines
⚙️ Customization & Visuals
Customize line colors, line width, and label appearance
Show/hide midlines and price labels per session
Use the breakout buffer input to add breakout buffer logic to signals
Works across timeframes, though optimized for 1-minute charts
📷 Picture of Chart with Customization Settings
🔔 Alerts
Built-in alert conditions for:
✅ 3-Bar Breakouts
🔁 Reversal Triggers
🚀 Continuation Breakouts
These fire on any active session and are ideal for live trading or integration with platforms like TradersPost, 3Commas, or webhook automation.
📷 Picture of Chart with Alert Settings
📌 Usage Notes
Script works best on indexes or stocks with clear market open behavior (e.g., SPY, QQQ, AAPL, TSLA)
Also effective for futures traders who follow index-driven setups (e.g., NQ, ES, MNQ) — even though the gaps themselves appear on index charts
Signals are volume-confirmed, but users can disable or combine logic using the built-in toggles
All ORB sessions operate independently and can be enabled/disabled individually
Chart layout is designed for visual clarity in both real-time and backtesting environments
⚠️ Disclaimer
This script is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Always conduct your own research and trade at your own risk. The creators are not responsible for any financial losses incurred.
HL/OL Histogram + (Close-Open)🧠 Core Concept
This indicator is designed to detect meaningful directional intent in price action using a combination of:
Intrabar candle structure (high - open, open - low)
Net price momentum (close - open)
Timed trigger levels (frozen buy/sell prices based on selected timeframe closes)
The core idea is to visually separate bullish and bearish energy in the current bar, and to mark the price at which momentum flips from down to up or vice versa, based on a change in the close - open differential.
🔍 Components Breakdown
1. Histogram Bars
Green Bars (high - open): Represent bullish upper wicks, showing intrabar strength above the open.
Red Bars (open - low): Represent bearish lower wicks, showing pressure below the open.
Plotted as histograms above and below the zero line.
2. Close–Open Line (White)
Plots the difference between close and open for each bar.
Helps you visually track when momentum flips from negative to positive, or vice versa.
A bold black zero line provides clear reference for these flips.
3. Buy/Sell Signal Logic
A Buy Trigger is generated when close - open crosses above zero
A Sell Trigger occurs when close - open crosses below zero
These trigger events are one-shot, meaning they’re only registered once per signal direction. No retriggers occur until the opposite condition is met.
📈 Trigger Price Table (Static)
On a signal trigger, the close price from a lower timeframe (15S, 30S, 1, 2, 3, or 5 min) is captured.
This price is frozen and displayed in a table at the top-right of the pane.
The price remains fixed until the opposite trigger condition fires, at which point it is replaced.
Why close price?
Using the close from the lower timeframe gives a precise, decisive reference point — ideal for planning limit entries or confirming breakout commitment.
🛠️ Use Cases
Momentum traders can use the histogram and line to time entries after strong open rejection or close breakouts.
Scalpers can quickly gauge intrabar sentiment reversals and react to new momentum without waiting for candle closes.
Algo builders can use the frozen price logic as precise entry or confirmation points in automated strategies.
Top 10 NASDAQ Resilience + DD BandsTracks the top 10 weighted stocks in NQ and has DD bands from RS included.
📈 Pro Reversal Strategie ✅ FINALThe script trades trend reversal setups with trend filters, optimized Bollinger Bands, RSI, volume, and other filters. The script was created entirely by AI. Ideas and prompts for the AI are provided by the provider. No support - basic knowledge of the included strategy is assumed.
- Trend Determination:
The trend is automatically detected:
- Long Trend:
When the current high and low are higher than the previous ones (higher highs and higher lows).
- Short Trend:
When the current high and low are lower than the previous ones (lower highs and lower lows).
- Sideways:
In all other cases.
- Bollinger Bands:
The Bollinger Band calculation is optimized depending on the trend direction (separate multiplier for long and short trends).
- **Long Entry:**
If the trend is long, RSI below threshold, price below the lower Bollinger Band, sufficient volume, SMA200 uptrend, and possibly a vector candle.
- **Short Entry:**
If the trend is short, RSI above threshold, price above the upper Bollinger Band, sufficient volume, SMA200 downtrend, and possibly a vector candle.
- **Exit:**
Take Profit and Stop Loss are set with the ATR multiplier.
- **Additional Filters:**
Optional: Vector candles, VRVP, trading hours only, minimum CRV.
Renko Span MT & Pseudo Renko-Linie (TradingFrog)Renko Span MT & Pseudo Renko Line (TradingFrog) – Detailed Description
Overview
This indicator combines the Chikou Span from Ichimoku theory with a modern, customizable pseudo-Renko logic. It provides a clear and flexible way to visualize trends, filter market noise, and generate early trend-change signals on any asset and timeframe.
1. Pseudo-Renko Line
What it does:
The indicator transforms price action into a Renko-style line, where only significant price moves (greater than the chosen box size) create a new "block." This filters out small, insignificant price movements and makes trends and reversals visually clear.
How it works (Code snippet):
if close >= renko + boxsize
renko := renko + boxsize
dir := 1
else if close <= renko - boxsize
renko := renko - boxsize
dir := -1
Green blocks appear for uptrends, red blocks for downtrends.
The line color and background highlight strong trends.
A label at the latest bar displays the current trend direction.
2. Renko Chikou Span
What is the Chikou Span?
In Ichimoku, the Chikou Span is a lagging line that plots the current price shifted backwards. Here, the Chikou Span is calculated using Renko logic, making it more robust and responsive to real price action.
How it works (Code snippet):
plot(show_chikou_span ? chikou_span1_to_plot : na, offset=-displacement1, color=chikou_color1, linewidth=chikou1_width)
Two independent Chikou Spans can be plotted, each with its own timeframe, Renko box size, and displacement (offset).
The lines change color based on the Renko trend (e.g., green/blue for long, red/orange for short, gray for neutral).
This helps to visualize higher timeframe trends and adds an extra filter for signals.
3. Signal Generation & Visualization
How are signals generated?
Whenever the Renko trend of a Chikou Span changes (from short/neutral to long, or vice versa), a signal is triggered and marked in the chart.
How it works (Code snippet):
if renko_bullish_change1
current_signal1 := label.new(x=bar_index + signal_offset, y=renko_close1, text="LONG 1", ...)
if renko_bearish_change1
current_signal1 := label.new(x=bar_index + signal_offset, y=renko_close1, text="SHORT 1", ...)
Labels ("LONG" or "SHORT") appear on the chart at the signal point.
Optionally, a horizontal line is drawn from the Chikou Span to the signal label for clarity.
4. Customization & Important Notes
Fully customizable:
Box sizes, colors, transparency, line widths, and timeframes can be set for each component.
Market-specific tuning:
Renko box sizes must be individually adjusted for each market and timeframe. There is no universal setting; always test and optimize for your asset.
Tip:
Every market is different. Test the settings and adjust them as needed. (Renko boxes must be individually customized.)
Summary
This indicator offers a clear, trend-following visual system, combining the strengths of Renko and Ichimoku logic. It is ideal for traders seeking to filter noise, identify trends early, and use multi-timeframe confirmation.
khahana OscillatorThe Khahana Oscillator is a directional strength tool that helps traders align with dominant market momentum.
It visualizes two forces:
🟢 Green Line = Bullish strength
🔴 Red Line = Bearish strength
These lines measure how consistently price aligns with a core trend engine across multiple perspectives, giving you a reliable read on which side — bulls or bears — currently dominates.
Rather than generating entry signals, this oscillator serves as a confirmation and filtering tool, perfect for:
Avoiding trades against the trend
Confirming breakout or pullback entries
Staying out of choppy or indecisive markets
📈 How to Use:
✅ 1. Confirm Trade Direction
Buy entries:
→ Only when the green line is rising
→ And green is higher than the red line
→ This signals building bullish dominance.
Sell entries:
→ Only when the red line is rising
→ And red is higher than the green line
→ This confirms bearish momentum is in control.
🧮 2. Read the Strength Scores
At the bottom-right corner, a table shows:
🟢 Bull Score – number of aligned bullish layers
🔴 Bear Score – number of aligned bearish layers
These scores range from 0 to 9 and reflect how strongly the market supports one direction.
→ Use this as a secondary filter — the higher the score, the stronger the conviction.
⚠️ 3. Avoid No-Consensus Zones
When both lines are flat or scores are low/close together, the market lacks direction.
→ Reduce exposure or wait for clearer signals.
🔄 4. Use for Confirmation, Not Signals
The oscillator is not a signal generator — it's a momentum filter.
→ Pair it with your strategy (breakouts, price action, etc.) and only take trades when the oscillator supports your direction.
💡 Pro Tips:
The oscillator value and scores are bounded between 0 and 9 — making it easy to gauge extreme strength or weakness.
Strong trends usually show one line rising while the other stays low or falls.
Crossover or reversal in dominance (green overtakes red or vice versa) often signals a shift in trend.
Best used on all markets: forex, crypto, gold, indices, and stocks.
Deep Z pi SP MA + 2 CC + OB + CPR + last 5 MinThis script is a comprehensive price action and market structure analysis tool designed for intraday traders, particularly those focused on Nifty and derivatives. It combines multiple strategies and signals into a single, customizable indicator.
🔍 Features Included:
1. 📉 2-Consecutive Candle Logic (Strict Coloring)
Highlights strong bullish or bearish momentum using consecutive green/red candle logic.
Detects candles that close above the previous high or below the previous low.
2. 📍 Order Block (OB) Detection
Identifies large, impulsive reversal candles based on body size and wick breakout.
Labels the OB with a customizable tag and direction.
3. 📊 Central Pivot Range (CPR)
Plots daily CPR, along with yesterday’s R1 and S1 levels.
Detects and labels Narrow CPR Days (potential breakout setups).
4. 🔁 MA21 / MA50 Dynamic Crossover
Plots 21 and 50-period moving averages (SMA or EMA).
Fills background color between MAs to visually indicate trend direction.
Buy/Sell triangle signals on crossover events.
5. 📦 Last 5-Minute Box (Previous Day Close Range)
Highlights the last 5-minute candle of the previous day.
Colors the box based on how the market opens and closes relative to that range (breakout/rejection box logic).
6. 💡 Weak Candle Detection
Identifies weak candle patterns like Doji, Hammer, Inverted Hammer, Dragonfly, Gravestone, Hanging Man.
Applies a soft gray tone to visually de-emphasize indecision candles.
7. 💬 CPR-Based Options Strike Price Labels
Automatically calculates CE and PE strikes using Nifty Index spot CPR.
Displays Put, Call, and Exit strike levels at 9:15 AM.
8. 📘 Additional Strike Labels Based on Previous Day Range
Shows Buy CE strike (floored from previous Nifty spot High).
Shows Buy PE strike (ceiled from previous Nifty spot Low).
Useful for directional option strategies.
9. 🔴 One-Time Dot Signal for Rejection
Plots a small dot on the first 5-minute candle that:
Closes above the previous day’s high, or
Closes below the previous day’s low.
Only appears once per day to avoid clutter.
Fibonacci Retracement Engine (DFRE) [PhenLabs]📊 Fibonacci Retracement Engine (DFRE)
Version: PineScript™ v6
📌 Description
Dynamic Fibonacci Retracement Engine (DFRE) is a sophisticated technical analysis tool that automatically detects important swing points and draws precise Fibonacci retracement levels on various timeframes. The intelligent indicator eliminates the subjectivity of manual Fibonacci drawing using intelligent swing detection algorithms combined with multi timeframe confluence analysis.
Built for professional traders who demand accuracy and consistency, DFRE provides real time Fibonacci levels that adapt to modifications in market structure without sacrificing accuracy in changing market conditions. The indicator excels at identifying key support and resistance levels where price action is more likely to react, giving traders a potent edge in entry and exit timing.
🚀 Points of Innovation
Intelligent Swing Detection Algorithm : Advanced pivot detection with customizable confirmation bars and minimum swing percentage thresholds
Multi-Timeframe Confluence Engine : Simultaneous analysis across three timeframes to identify high-probability zones
Dynamic Level Management : Automatically updates and manages multiple Fibonacci sets while maintaining chart clarity
Adaptive Visualization System : Smart labeling that shows only the most relevant levels based on user preferences
Real-Time Confluence Detection : Identifies zones where multiple Fibonacci levels from different timeframes converge
Automated Alert System : Comprehensive notifications for level breakouts and confluence zone formations
🔧 Core Components
Swing Point Detection Engine : Uses pivot high/low calculations with strength confirmation to identify significant market turns
Fibonacci Calculator : Automatically computes standard retracement levels (0.236, 0.382, 0.5, 0.618, 0.786, 0.886) plus extensions (1.272, 1.618)
Multi-Timeframe Security Function : Safely retrieves Fibonacci data from higher timeframes without repainting
Confluence Analysis Module : Mathematically identifies zones where multiple levels cluster within specified thresholds
Dynamic Drawing Management : Efficiently handles line and label creation, updates, and deletion to maintain performance
🔥 Key Features
Customizable Swing Detection : Adjust swing length (3-50 bars) and strength confirmation (1-10 bars) to match your trading style
Selective Level Display : Choose which Fibonacci levels to show, from core levels to full extensions
Multi-Timeframe Analysis : Analyze up to 3 different timeframes simultaneously for confluence identification
Intelligent Labeling System : Options to show main levels only or all levels, with latest-set-only functionality
Visual Customization : Adjustable line width, colors, and extension options for optimal chart clarity
Performance Optimization : Limit maximum Fibonacci sets (1-5) to maintain smooth chart performance
Comprehensive Alerting : Get notified on level breakouts and confluence zone formations
🎨 Visualization
Dynamic Fibonacci Lines : Color-coded lines (green for uptrends, red for downtrends) with customizable width and extension
Smart Level Labels : Precise level identification with both ratio and price values displayed
Confluence Zone Highlighting : Visual emphasis on areas where multiple timeframe levels converge
Clean Chart Management : Automatic cleanup of old drawing objects to prevent chart clutter
Responsive Design : All visual elements adapt to different chart sizes and timeframes
📖 Usage Guidelines
Swing Detection Settings
Swing Detection Length - Default: 25 | Range: 3-50 | Controls the lookback period for identifying pivot points. Lower values detect more frequent swings but may include noise, while higher values focus on major market turns.
Swing Strength (Confirmation Bars) - Default: 2 | Range: 1-10 | Number of bars required to confirm a swing point. Higher values reduce false signals but increase lag.
Minimum Swing % Change - Default: 1.0% | Range: 0.1-10.0% | Minimum percentage change required to register a valid swing. Filters out insignificant price movements.
Fibonacci Level Settings
Individual Level Toggles : Enable/disable specific Fibonacci levels (0.236, 0.382, 0.5, 0.618, 0.786, 0.886)
Extensions : Show projection levels (1.272, 1.618) for target identification
Multi-Timeframe Settings
Timeframe Selection : Choose three higher timeframes for confluence analysis
Confluence Threshold : Percentage tolerance for level clustering (0.5-5.0%)
✅ Best Use Cases
Swing Trading : Identify optimal entry and exit points at key retracement levels
Confluence Trading : Focus on high-probability zones where multiple timeframe levels align
Support/Resistance Trading : Use dynamic levels that adapt to changing market structure
Breakout Trading : Monitor level breaks for momentum continuation signals
Target Setting : Utilize extension levels for profit target placement
⚠️ Limitations
Lagging Nature : Requires confirmed swing points, which means levels appear after significant moves
Market Condition Dependency : Works best in trending markets; less effective in extremely choppy conditions
Multiple Signal Complexity : Multiple timeframe analysis may produce conflicting signals requiring experience to interpret
Performance Considerations : Multiple Fibonacci sets and MTF analysis may impact indicator loading time on slower devices
💡 What Makes This Unique
Automated Precision : Eliminates manual drawing errors and subjective level placement
Multi-Timeframe Intelligence : Combines analysis from multiple timeframes for superior confluence detection
Adaptive Management : Automatically updates and manages multiple Fibonacci sets as market structure evolves
Professional-Grade Alerts : Comprehensive notification system for all significant level interactions
🔬 How It Works
Step 1 - Swing Point Identification : Scans price action using pivot high/low calculations with specified lookback periods, applies confirmation logic to eliminate false signals, and calculates swing strength based on surrounding price action for quality assessment.
Step 2 - Fibonacci Level Calculation : Automatically computes retracement and extension levels between confirmed swing points, creates dynamic level sets that update as new swing points are identified, and maintains multiple active Fibonacci sets for comprehensive market analysis.
Step 3 - Multi-Timeframe Confluence : Retrieves Fibonacci data from higher timeframes using secure request functions, analyzes level clustering across different timeframes within specified thresholds, and identifies high-probability zones where multiple levels converge.
💡 Note: This indicator works best when combined with other technical analysis tools and proper risk management. The multi-timeframe confluence feature provides the highest probability setups, but always confirm signals with additional analysis before entering trades.
ADR% Table by VikramCalculates ADR on variable time periods and displays the output as table rather than line chart
VDN 5-IFTC Only - TP/SL Sorarak Ayarlanır Strategy Overview:
This is a simple yet powerful reactive entry strategy based on the Inverse Fisher Transform of CCI (IFTC). The system enters a long trade only when the IFTC crosses above -0.5, signaling a potential momentum shift from oversold conditions.
Entry Rule:
- A long position is opened immediately when IFTC crosses above -0.5.
- No additional filters (trend, volume, or confirmation) are applied for faster execution.
Take-Profit and Stop-Loss:
- By default, the strategy uses a Take-Profit of 10 points and a Stop-Loss of 50 points, suitable for instruments like NAS100 with a 0.1 lot size.
- Manual Control Option: You can enable custom TP/SL values by checking the `Use Manual TP/SL` input. This gives you full control over the trade exit levels.
Custom Inputs:
- `Use Manual TP/SL`: When enabled, allows you to input your own TP and SL values.
- If not enabled, the strategy falls back to the default: TP = 10, SL = 50.
Use Cases:
- Works best in low timeframes (e.g., 1m or 5m) for reactive scalping.
- Can be expanded with trend filters or volume conditions.
- Ideal for manual backtesting and rapid-entry scalpers.
Notes:
- No short entries included in this version.
- No trailing stop or breakeven logic (clean and minimal).
- Compatible with any instrument where point-based profit/loss structure makes sense.
Feel free to clone and modify this script for your specific instrument or trade management logic. Feedback and improvements welcome!
ZY Legend İndikatörü 2ZY Legend Indicator 2 is a signal indicator that allows trend following by showing the profit rate of the last signal. When a signal appears on the indicator, the profit rate shown next to the signal is the highest profit rate reached by the previous signal.
Price Coil Expansion & Trap Detector✅ Title:
Price Coil Expansion & Trap Detector (PCE-TD)
⸻
✅ Updated Description:
The PCE-TD (Price Coil Expansion & Trap Detector) is a hybrid volatility and market structure indicator designed to identify three high-impact setups:
1. Price Coil Compression Zones
2. Breakout Buy/Sell Signals (Expansion Events)
3. False Breakout Traps (Bull/Bear Fakes)
⸻
🔍 Core Concepts & Signal Logic
✅ 1. Price Coil Detection (Compression Phase)
• Highlights tight-range zones where price volatility shrinks and candles display smaller bodies with larger wicks.
• Criteria used:
• Consecutive shrinking bodies (customizable)
• High average wick-to-body ratio
• Coil zone must be tighter than recent range average
• These zones are shaded in gray on the chart to signal potential buildup before explosive movement.
⸻
✅ 2. Breakout Expansion Signals
Triggered when price breaks out of the coil zone with strong body momentum, optional volume spike, and optional EMA filter.
🔺 Signal: Buy↑ (Green Triangle Up)
• Appears below bar
• Triggers when:
• Price breaks above coil high
• Candle body exceeds average × user-defined multiplier
• Volume spike (if enabled)
• Trend filter (optional EMA confirmation)
🔻 Signal: Sell↓ (Red Triangle Down)
• Appears above bar
• Triggers when:
• Price breaks below coil low
• Candle body exceeds threshold
• Optional volume and trend confirmation
💬 Alerts Triggered:
• PCE-TD: Coil breakout UP
• PCE-TD: Coil breakout DOWN
These will be sent via TradingView’s alert system if configured using alert conditions.
⸻
✅ 3. False Breakout Detector (Trap Finder)
Identifies fake breakouts that fail within the next X bars and re-enter the prior range.
❌ False Bullish Breakout:
• Printed as Red X (above bar)
• Also subtly highlights background red
❌ False Bearish Breakout:
• Printed as Green X (below bar)
• Background turns green
These help avoid chasing traps and improve timing accuracy after failed breakouts.
⸻
⚙️ Customization Parameters:
• Coil Window Length, Shrinking Body Count, Wick-to-Body Ratio
• Volume Spike Multiplier
• EMA Trend Filter
• Range Lookback and Trap Detection Window
• Enable/disable zones, signals, and trap markers
⸻
🧠 Designed For:
• Breakout traders
• Volatility compression pattern followers
• Traders avoiding fake breakouts
• Scalpers and swing traders alike
HBD.2025.BOZ AYIThis indicator is designed for financial market analysis. The code generates trading signals using various **technical oscillators** such as **moving averages (EMA)**, **RSI, MACD** and **Stochastic**, as well as the **ADX trend filter**. It also offers additional visualization and analysis tools such as **bear market alerts** based on historical **price action**, **channel plots** and **MA50 cloud**. It includes a range of **input settings** that allow users to customize their strategies by **turning on and off** various filters and indicators. Finally, it also features a simple charting feature for potential **profit/loss (PnL) tracking**.
200 EMA, 50 EMA, 21 EMAEMA Indicator 3 in 1 (21,50,200) Why download three individual indicator in you can have all in one.
Pro MACD + RSI Confirm [Secured + Targets] Real-time signal processing
Background color + signal arrows
Alerts on bullish & bearish confirmation
Profit Target 1 = ATR × 2.0
Profit Target 2 = ATR × 4.0
Volumetric Compressed MAVCMA uses the compressor and weighted stdev functions originally translated to pine by @gorx1. Compressor is usually used in audio to avoid clipping of certain frequencies. The original idea is actually pretty simple:
ma(simple string smt, float src, simple int len) =>
switch smt
'RMA' => ta.rma(src, len)
'SMA' => ta.sma(src, len)
'EMA' => ta.ema(src, len)
'WMA' => ta.wma(src, len)
'HMA' => ta.hma(src, len)
'LSMA' => ta.linreg(src, len, 0)
=> na
compressor(float in_1, simple int len, simple int thresh_dn_m, simple int thresh_up_m) =>
data = math.log(math.abs(in_1))
loc = ta.wma(data, len)
dev = wstdev(data, len)
thresh_dn = loc + dev * thresh_dn_m
thresh_up = loc + dev * thresh_up_m
math.exp(math.min(math.max(data, thresh_up), thresh_dn)) - math.exp(thresh_up)
compressed_out = compressor(volume, len_window, up_thresh, down_thresh)
comp_ma = ma(ma_type, close * compressed_out, len_ml) / ma(ma_type, compressed_out, len_ml)
vwma = ma(ma_type, close, len_window)
We get the ratio of the compressed volume calculation and plot it with the base MA. Base MA's length is determined by window size input compared to ML length that is used for compressed version.
This provides us another possible confirmation indicator that can be used to take advantage of volume ranges. Autmated crossover alerts are also added. A reminder is that this kind of indicators should not be used on it's own for trading but rather should be used as a confirmation along with your trend detection and main entry indicators to provide additional confluence.
Range Breakout [sgbpulse]Range Breakout
1. Overview
The "Range Breakout " indicator is a powerful tool designed to identify and visually display price ranges on your chart using pivot points. It dynamically draws two distinct boxes – an External Range and an Internal Range – helping traders pinpoint potential support and resistance zones. Beyond its visual representation, the indicator offers a comprehensive set of 12 unique breakout alerts, providing real-time notifications for significant price movements outside these defined ranges. Additionally, it integrates RSI and MFI metrics for momentum confirmation.
2. How It Works
The indicator operates by identifying pivot points based on user-defined "left" and "right" bar lengths. A high pivot is a bar with a specified number of lower highs both to its left and right, and similarly for a low pivot.
External Range: Calculated using longer pivot lengths (default: 15 bars left, 6 bars right). This range represents broader, more significant price consolidation areas.
Internal Range: Calculated using shorter pivot lengths (default: 4 bars left, 3 bars right). This range captures tighter, more immediate price consolidations within the broader trend.
The External Range will always be greater than or equal to the Internal Range, as it's based on a wider historical context. Both ranges are displayed as transparent boxes on your chart, dynamically adjusting as new pivots are formed.
3. Key Features and Settings
Customizable Pivot Lengths:
External Range (Left/Right Bars): Adjust sensitivity for identifying the broader price range. Longer lengths lead to more stable, but less frequent, range updates.
Internal Range (Left/Right Bars): Adjust sensitivity for the tighter, more immediate price range.
Tool Tips: Minimum 6 bars for the External Range, and minimum 2 bars for the Internal Range.
Customizable Range Colors: Easily change the background colors of the External and Internal Range boxes to match your chart's aesthetic.
Dynamic Range Display: The indicator automatically updates the range boxes as new pivot highs and lows are formed, always presenting the most current valid ranges.
RSI / MFI Settings:
Timeframe Source: Select the timeframe for RSI and MFI calculation.
- Chart: Calculation based on the current chart timeframe.
- Daily: Always calculated based on the daily ("D") timeframe, even if the chart is on a lower timeframe.
RSI Length: Period length for RSI calculation (default: 14).
RSI Overbought Level: Overbought level for RSI (default: 70.0).
RSI Oversold Level: Oversold level for RSI (default: 30.0).
MFI Length: Period length for MFI calculation (default: 14).
MFI Overbought Level: Overbought level for MFI (default: 80.0).
MFI Oversold Level: Oversold level for MFI (default: 20.0).
4. Synergy of Ranges & Breakout Strength
The interaction between the External and Internal Ranges provides deep insights into price movement and breakout strength:
Immediate Direction: The movement of the Internal Range (up or down) indicates the short-term directional bias within the broader framework of the External Range.
Strength Confirmation: A breakout of the External Range, followed by a breakout of the Internal Range, confirms the strength of the move and increases confidence in the breakout.
Strong Momentum ("Leaving" Ranges Behind): When price breaks out with exceptionally strong momentum, it continues to move aggressively and does not immediately form new pivots. In such situations, the existing ranges (External and Internal) remain in place while the candles "leave them behind." A "Full Candle" breakout, where the entire candle moves past both ranges, indicates a particularly powerful and decisive move.
Momentum (RSI / MFI) as Confirmation:
- RSI (Relative Strength Index): Measures the speed and change of price movements. Extreme values (above 70 or below 30) indicate overbought/oversold conditions respectively, confirming strong momentum in a breakout.
- MFI (Money Flow Index): Similar to RSI but incorporates volume. Extreme values (above 80 or below 20) indicate strong money flow in/out, reinforcing breakout confirmation.
- Importance of Confirmation: If a breakout occurs but momentum indicators do not confirm it (for example, an upside breakout while RSI is declining), this could signal weakness in the move and the risk of a false breakout (Fakeout).
5. Visuals
The indicator provides clear visual representations on the chart:
Range Boxes:
Two dynamic boxes are drawn on the chart: one for the External Range and one for the Internal Range.
These boxes update continuously, displaying the current range boundaries based on the latest pivots. They provide an immediate visual indication of support and resistance levels.
RSI/MFI Status Labels:
Small text labels appear to the right of the current bar, vertically centered.
They display the status of RSI and MFI: RSI OB (Overbought), RSI OS (Oversold), MFI OB, MFI OS, along with the exact value.
Important: The labels remain on the chart as long as the condition holds (indicator is above/below the level), unlike alerts which mark a singular crossover event.
Plotting of Key Values:
The indicator plots six invisible series on the chart, primarily to allow the user to view the exact numerical values of:
- The upper and lower bounds of the External Range (External High, External Low).
- The upper and lower bounds of the Internal Range (Internal High, Internal Low).
- The calculated RSI and MFI values (RSI, MFI).
These values are accessible for viewing through TradingView's Data Window and also via the Status Line when hovering over the relevant candle. This enables more precise quantitative analysis of range levels and momentum.
6. Comprehensive Breakout Alerts
The "Range Breakout " indicator provides 12 distinct alert conditions for breakouts, allowing you to select the required level of confirmation for each alert. All alerts are triggered only upon a fully confirmed bar close (barstate.isconfirmed) to minimize false signals and ensure reliability.
All breakout alerts are configured to detect a Crossover/Crossunder of the levels, meaning a specific event where the price moves from one side of the range to the other.
External Range Breakout UP
- Close: Price closes above the External Range.
- Real Body: The entire "real body" of the candle (min of open/close prices) closes above the External Range.
- Full Candle: The entire candle (the lowest point of the candle) closes above the External Range.
External Range Breakout DOWN
- Close: Price closes below the External Range.
- Real Body: The entire "real body" of the candle (max of open/close prices) closes below the External Range.
- Full Candle: The entire candle (the highest point of the candle) closes below the External Range.
Internal Range Breakout UP
- Close: Price closes above the Internal Range.
- Real Body: The "real body" of the candle closes above the Internal Range.
- Full Candle: The entire candle closes above the Internal Range.
Internal Range Breakout DOWN
- Close: Price closes below the Internal Range.
- Real Body: The "real body" of the candle closes below the Internal Range.
- Full Candle: The entire candle closes below the Internal Range.
7. Ideal Use Cases
This indicator is ideal for traders who:
Want to clearly identify and monitor price consolidation zones.
Seek confirmation for breakout strategies across various timeframes.
Require reliable and automated alerts for potential entry or exit points based on range expansion.
8. Complementary Indicator
For even more comprehensive market analysis, we highly recommend using this indicator in conjunction with Market Structure Support & Resistance External/Internal & BoS .
This powerful complementary indicator automatically and accurately identifies significant support and resistance levels by locating high and low pivot points, as well as key Pre-Market High/Low levels. Its strength lies in its dynamic adaptability to any timeframe and asset, providing precise and relevant real-time levels while maintaining a clean chart. It also identifies Break of Structure (BoS) to signal potential trend changes or continuations.
Using both indicators together provides a robust framework for identifying defined ranges and potential trend shifts, enabling more informed trading decisions.
View Market Structure Support & Resistance External/Internal & BoS Indicator
9. Important Note: Trading Risk
This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever.
Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
