David_30-Minute Boxes This indicator draws boxes for 30-minute intervals on the chart, highlighting significant price movements. The boxes begin at 00:00 and end at 22:00. Each box is color-coded according to price action:
Green Box: The closing price at the end of the 30-minute period is above the opening price.
Red Box: The closing price at the end of the 30-minute period is below the opening price.
Dark Green Box: The closing price at the end of the box is higher than the high of the previous box.
Dark Red Box: The closing price at the end of the box is lower than the low of the previous box.
The boxes dynamically adjust within each 30-minute interval to reflect the high and low of the period. The border of each box is fully transparent for a clean and uncluttered visual display.
Optional Candle Numbering
In the indicator settings, you can enable or disable the numbering of individual candles within each box. The numbering restarts at 1 for each new box, helping to track the progression of individual 30-minute intervals.
Use Cases
This indicator is particularly useful for traders who want to analyze short-term movements and the dynamics within 30-minute intervals. The color-coding of the boxes provides quick visual insights into the strength of price action within a time interval, making it easier to spot momentum shifts or important support and resistance levels.
Boxes
Volume Analysis - Heatmap and Volume ProfileHello All!
I have a new toy for you! Volume Analysis - Heatmap and Volume Profile . Honestly I started to work to develop Volume Heatmap then I decided to improve it and add more features such Volume profile, volume, difference in Buy/Sell volumes etc. I tried to put my abilities into this script and tried to use some new Pine Language™ features ( method, force_overlay, enum etc features ). I hope the usage of these new features would be an example for Pine Programmers.
Lets talk about how it works:
- It gets number of Rows/Columns from the user for each candle to create heatmap
- It calculates the number of the candles to analyze. Number of the candles may change by number of Rows/columns or if any volume / difference in volumes / volume profile is enabled
- It gets Closing/Opening price, Volume and Time info from lower time frame for each candle ( it can be up to 100K for each candle )
- After getting the data it calculates lower time frame to analyze
- Then it calculates how closing price moves, how much volume on each move and create boxes by the volume/move in each box
- The colors for each box calculated by volume info and closing price movements in the lower time frame
- It shows the boxes on Absolute places or Zero Line optionally
- it shows Volume, Cumulative volume, Difference between Buy/Sell volume for each column
- it changes empty box color by Chart background color, also you can change transparency
- At this time it creates Volume Profile with up to 25 rows
- As a new Pine Language™ feature, it can show Volume Profile in the indicator window or in Main chart, shows Value Area, Value Area High (VAH), Value Area Low (VAL), and draw it and POC (Point Of Control) in the indicator window and/or in the main chart
- Honestly the feature I like is that: For the markets that are not open 24/7, it combines the data from the lower time period without any gaps. For example, if you work for a market that is closed on Saturdays and Sundays, it ensures data integrity by omitting weekends and holidays. so for example if the data is like "ABC---DEF-X---YL-Z" then it makes this data like "ABCDEFXYLZ". In this way, there will be no data breaks in the displayed boxes, there will be no empty colons, and it will appear as if data is coming in at any time.
- Finally it shows Info Panel to give info, its background color automatically changes by the Chart background color
- Important! You should set your "Plan" accordingly, your plan is "Premium or Higher" or "Lower tier". so the script can understand the minimum time frame it can get data!!
I tried to share many screenshots below to explain it much better
How it looks?
it shows Highest Buy/Sell volumes brighter, move volume -> brighter
Volume Profile ( up to 25 row s) ( number of contained candles should be more than 1 )
Volume Profile can be shown in the main chart optionally
How the main chart looks:
Closing price shown and you can enable it, change colors & line width
Can include many candles according to Row&Column number you set
Optionally it can show cumulative volume for each candle
Closing prices from lower time frame
Shows Candle Body by changing background colors
It can shows all included candles on Zero line
You can change the colors of many things
You can set Empty box and border transparency
Table, Empty box Colors adjustment done automatically by chart background color
Sometimes we can not get data from some historical candles if time frame is high such 2days, 1 week etc, and it looks like:
It also checks if Chart time frame and Chart type is suitable
Enjoy!
Bollinger Bands Heatmap (BBH)The Bollinger Bands Heatmap (BBH) Indicator provides a unique visualization of Bollinger Bands by displaying the full distribution of prices as a heatmap overlaying your price chart. Unlike traditional Bollinger Bands, which plot the mean and standard deviation as lines, BBH illustrates the entire statistical distribution of prices based on a normal distribution model.
This heatmap indicator offers traders a visually appealing way to understand the probabilities associated with different price levels. The lower the weight of a certain level, the more transparent it appears on the heatmap, making it easier to identify key areas of interest at a glance.
Key Features
Dynamic Heatmap: Changes in real-time as new price data comes in.
Fully Customizable: Adjust the scale, offset, alpha, and other parameters to suit your trading style.
Visually Engaging: Uses gradients of colors to distinguish between high and low probabilities.
Settings
Scale
Tooltip: Scale the size of the heatmap.
Purpose: The 'Scale' setting allows you to adjust the dimensions of each heatmap box. A higher value will result in larger boxes and a more generalized view, while a lower value will make the boxes smaller, offering a more detailed look at price distributions.
Values: You can set this from a minimum of 0.125, stepping up by increments of 0.125.
Scale ATR Length
Tooltip: The ATR used to scale the heatmap boxes.
Purpose: This setting is designed to adapt the heatmap to the instrument's volatility. It determines the length of the Average True Range (ATR) used to size the heatmap boxes.
Values: Minimum allowable value is 5. You can increase this to capture more bars in the ATR calculation for greater smoothing.
Offset
Tooltip: Offset mean by ATR.
Purpose: The 'Offset' setting allows you to shift the mean value by a specified ATR. This could be useful for strategies that aim to capitalize on extreme price movements.
Values: The value can be any floating-point number. Positive values shift the mean upward, while negative values shift it downward.
Multiplier
Tooltip: Bollinger Bands Multiplier.
Purpose: The 'Multiplier' setting determines how wide the Bollinger Bands are around the mean. A higher value will result in a wider heatmap, capturing more extreme price movements. A lower value will tighten the heatmap around the mean price.
Values: The minimum is 0, and you can increase this in steps of 0.2.
Length
Tooltip: Length of Simple Moving Average (SMA).
Purpose: This setting specifies the period for the Simple Moving Average that serves as the basis for the Bollinger Bands. A higher value will produce a smoother average, while a lower value will make it more responsive to price changes.
Values: Can be set to any integer value.
Heat Map Alpha
Tooltip: Opacity level of the heatmap.
Purpose: This controls the transparency of the heatmap. A lower value will make the heatmap more transparent, allowing you to see the price action more clearly. A higher value will make the heatmap more opaque, emphasizing the bands.
Values: Ranges from 0 (completely transparent) to 100 (completely opaque).
Color Settings
High Color & Low Color: These settings allow you to customize the gradient colors of the heatmap.
Purpose: Use contrasting colors for better visibility or colors that you prefer. The 'High Color' is used for areas with high density (high probability), while the 'Low Color' is for low-density areas (low probability).
Usage Scenarios for Settings
For Volatile Markets: Increase 'Scale ATR Length' for better smoothing and set a higher 'Multiplier' to capture wider price movements.
For Trend Following: You might want to set a larger 'Length' for the SMA and adjust 'Scale' and 'Offset' to focus on more probable price zones.
These are just recommendations; feel free to experiment with these settings to suit your specific trading requirements.
How To Interpret
The heatmap gives a visual representation of the range within which prices are likely to move. Areas with high density (brighter color) indicate a higher probability of the price being in that range, whereas areas with low density (more transparent) indicate a lower probability.
Bright Areas: Considered high-probability zones where the price is more likely to be.
Transparent Areas: Considered low-probability zones where the price is less likely to be.
Tips For Use
Trend Confirmation: Use the heatmap along with other trend indicators to confirm the strength and direction of a trend.
Volatility: Use the density and spread of the heatmap as an indication of market volatility.
Entry and Exit: High-density areas could be potential support and resistance levels, aiding in entry and exit decisions.
Caution
The Bollinger Bands Heatmap assumes a normal distribution of prices. While this is a standard assumption in statistics, it is crucial to understand that real-world price movements may not always adhere to a normal distribution.
Conclusion
The Bollinger Bands Heatmap Indicator offers traders a fresh perspective on Bollinger Bands by transforming them into a visual, real-time heatmap. With its customizable settings and visually engaging display, BBH can be a useful tool for traders looking to understand price probabilities in a dynamic way.
Feel free to explore its features and adjust the settings to suit your trading strategy. Happy trading!
Swing BoxesHey, folks!
Sorry for not posting anything for such a long time. Don't have enough ideas and resources to get inspiration, so trying to brainstorm good stuff in my free time from university studies.
But despite my absence more I now have 300+ people subscribed to me! Thanks, guys, for keeping interest for my work, as I still do value each boost on my script, for real :)
So here is new script , enjoy!
Swing Boxes is pretty simple indicator, which plots signals with "boxes", that help you determine price targets.
What is the idea behind?
I wanted to make indicator, that could help me make swing trades with nice accuracy (as all we want, lol), and for signal criteria I decided to use highs and lows of the price . Then I started coding some ideas to see which of them could be worthy. And, actually, Swing Boxes appeared to be good. But the thing is, that I didn't intend to build them, they appeared as an anomaly from my code :)
I started to explore this anomaly (it looked super cool, but was repainting hard) to fix it and I succeeded, now Swng Boxes don't repaint.
The main idea is that when price goes above it's highest value of p-bars back or below it's lowest value p-bars back, then there is a some god probability, that price will continue to follow current direction.
And the things about Swing Boxes is that when there is a good trend movement, the boxes become super small to track price movement and when price breaks out in the counter-trend direction, then you will be able to almost perfectly catch a top or a bottom! But most of the signals won't be so high-quality, so don't think that is this some holy grail to trade swing-trading, because it is not.
Signal logic
Quick hint:
- epsilon(variable e ) = ATR * ATR_Factor . It is used to determine box's sensitivity to price changes.
If previous close is higher than variable, which contains previous HIGHEST value (variable h in the code), then update the this variable by taking up-to-date highest value and add epsilon( e ) to it;
If previous close is lower than variable, which contains previous LOWEST value (variable l in the code), then update the this variable by taking up-to-date lowest value and substract epsilon( e ) from it.
Variables decribed above ( h and l ) are box's top and bottom respectively, so if price cross them, it is logical to update it is value.
Settings and what is what
Swing Box Period - numbers fo bars in the past to find highest and lowest price from. The bigger the input, the bigger the boxes will be;
ATR Period;
ATR Factor - multiplier for ATR, determines sensitivity for price changes. The bigger this input, the more accurate signals will be, but less the probability that the signal will be on the top or a bottom.
Show Boxes? - when chosen, plots box's top and bottom. Used to determine price targets.
Show Baseline? - when chosen, plot's baseline, which midline between box's top and bottom.
How to use?
This indicator plots green and red triangles by default.
- Green triangle --> Buy ;
- Red triangle --> Sell ;
As I've said before, many signals from indicator will probably be garbage, so you need to tune settings for youself, so it could satisfy you .
You can enable showing boxes to see box's top and bottom. Box's bottom --> your entry, top --> your profit target.
If you find a way to sort bad signals, you will be able to trade with super cool RR, because the signal from Swing Boxes appear to be a good one, there is almost 95% probability, that price will not even come close to your stop loss, so you can trade with super small stop-losses! Smaller stop-loss --> smaller risk --> smaller loss --> bigger profit, it is that easy.
Also you can enable baseline to use at as your 1st TP, and box's top/bottom as 2nd TP, closing 25% on TP1 and the rest on TP2 (but that is just mine recommendation, you can use different RM (risk-management), if you want).
Also you can use baseline as your S/R (Support/Resistance) line, test it out on your charts.
And please, hear me out: as all other indicators out here on the TradingView, Swing Boxes ARE NOT meant to be traded in solo! Many bad signal can go in a row, so PLEASE find your way to filter out bad signals with other indicators.
You can see here the example of a garabge-class signal in a row, so be don't be deluded!
I do hope that somebody will suggest and idea to improve this thing, as I personally don't have enough time to think about it because of my university studies, but I will probably try it make this thing better throughout the time.
And that's it for now, folks! If you have any ideas for scripts, strategies or anything else, feel free to DM me or leave a comment, I will check it.
Hope you will find this script useful.
Take your profits!
- Tarasenko Fyodor
Wicked Good S&R Zones// Hello tradeurs, ChasinAlts here with a script you've DEFINITELY never seen before. Hope everyone is well. Ok, so heres the low-down...When a wick's
// % size is above the threshold set by the user it is plotted with light blue (these aren't really the significant ones) and are put into an array.
// These large wick lines are great S&R lines but we're looking to filter out to only the best ones. So, after all the large wicks are recorded for the
// chart and lines drawn, it then calculates the area between each of these lines in % (you can think of the lines as the upper and lower lines to a box
// if you'd like...ie. it is one of the ways to view the final BEST S&R lines). What we are want is the largest of ALL the % areas between lines and to
// use these as our ultimate S&R Areas. Depending on the Min % Wick size that is chosen, you will find price usually either bouncing between these levels or
// that price will keep bouncing off of the same level until a large spike (up or down) occurs in price and the price will finally breach the level its been
// testing over and over. Once this DOES occur the level that was just broken many times will be the furthest point back for the retest. Now, as stated
// before there are 2 ways to view the output data. Either way it will show the largest % area between the lines as it is developing down the line of
// progressing bars on the chart (that means it WILL change but usually a portion of the previous area/box will be used for the newer smaller box or that
// the area/box will jump back and forth between the same few areas every now and again). Viewing it as a box will show the updated largest box
// (as stated twice now) but viewing it in it's S&R Line form will draw a new S&R line at the top and bottom of where the box would be if it was selected
// EXCEPT that these lines will persist across bars and you will continuously see how these levels will continue to be revisited and constantly used
// as S&R Lines as time progresses. (SO box only show the largest area and lines draws line at the top and bottom of box and persists across bars).
// There is not repainting that can occur. I hope you all enjoy this as I've found it EXTREMELY beneficial bc it's rare that when price first gets to a
// printed S&R level that it will shoot through it so you can depend on it bouncing off the the levels often multiple times. I've included comments in all
// of the code for your convenience. Also, the higher subscription plan you have (thus the more bars/data you have access to...the more S&R Lines will be drawn).
// Wish you all the best in your endeavors and may the force be with your trades, and as ALWAYS...Peace and Love people....Peace and Love. -ChasinAlts out.
HTF Candles: 3x Multi-Timeframe Candle Boxes #Pip-Whisperer
- Modify 3 Timeframes to display Candle Boxes over your Chart
- Thats it.
- Enjoy!
- If anyone implements candlestick pattern detection to this before me, please send me link, that would be sick!
HighLow Box Highlight between EarningsHighLow Box Highlight between Earnings
This is an indicator to highlight area between two earning periods and their highest and lowest points.
It also alternates the highlight color in each subsequent block.
Tested to work in 1D charts and 1M charts
Just drop a message, if you want this further developed with more features.
Note: This was requested by user Meatpye on a forum.
Indicator Visualizer V1.0This is a script so that you can visualize crossover/under indicators on the chart as zones/boxes or as lines.
By default the source is "Close". When the source is Close and the default RSI is checked, then the indicator will visualize crossover and under from a 14 period RSI as shown in the published chart.
How this indicator works:
Add the indicator you want to visualize to the chart, and this indicator.
Open this indicator and set the source to the indicator you want to visualize, then set the levels you want to visualize the crossovers for.
Using the default as an example
When the RSI crosses above level 1 (default 70) then it will begin plotting a "Cross Over" box.
Each bar that the RSI remains above level 1 it will adjust the top of the box and the right side of the box.
When RSI crosses back below level 1 then the box will stop adjusting and end on that bar.
Using the default as an example
When the RSI crosses below level 2 (default 30) then it will begin plotting a "Cross Under" box.
Each bar that the RSI remains below level 2 it will adjust the bottom of the box and the right side of the box.
When RSI crosses back above level 2 then the box will stop adjusting and end on that bar.
If you want to use lines they will be drawn from the close of the starting bar to the close of the current/end bar.
You are able to set an extension for the lines if you would like them to extend a specific amount past the close bar. (I.E. 1,2,or 3 bars)
If you wish to use the source as close, then you must uncheck the Default RSI box.
Pivot order block boxes [LM]Hello traders,
let me intoduce you pivot order block boxes. The idea is find the pivot point that within the right side count of candles achieved some percentage change and in that way filter out important pivots. Once the pivot point is found and matches the volatility condition then from the left side of pivot first candle that is up candle for pivot high and down candle for pivot low, could be also the pivot candle itself is selected and rendered high and low of that candle. The premise behind is that those are the levels profesional traders are buying.
It has two settings that you can change at your will, it also enables hide/show particular pivot setting
Hope you will enjoy as I enjoyed to write it.
Lukas
Decision point boxes [LM]Hello traders,
I would like to introduce you decision point boxes study. The idea is the same as the pivots looking left and right some count of candles that has to be either up or down candle the only difference from pivots is that I'm only looking for consecutive up or down candle and in between them one candle that is oposite stance than surounding also candle has to have by default 50% or greater of wicks than body which mean market has done some decission at this candle.
Example of up candles and decision down candle:
Example of down candles a decision up candle:
Hope you will enjoy it
ATR based Stop and Take-Profit levels in realtime Little tool to quickly identify stops and take-profit levels based on Average True Range. User can change ATR multipiers, as well as the ATR length used. Green and red lines show these levels; plot is visible over last 8 bars only to reduce clutter. Label showing the current ATR, up above the last bar
