Global Liquidity ShiftedOverview
This indicator tracks global liquidity by aggregating M2 money supply data from major economies around the world, denominated in US dollars. It allows users to shift the data forward or backward in time to analyze correlations with other assets, particularly Bitcoin.
Features
Comprehensive global liquidity measurement combining M2 data from 21 major economies
Adjustable time shift parameter (0-24 months) to align liquidity data with price movements
Clean visualization with customizable labels
Background
Based on research by Lyn Alden and Sam Callahan (September 2024), which found that Bitcoin moves in the direction of global liquidity 83% of the time in any given 12-month period - a higher correlation than any other major asset class. This makes Bitcoin an excellent "global liquidity barometer."
How to Use
Add the indicator to your chart
Adjust the "Forward Shift (Months)" parameter to align global liquidity with asset price movements
Compare the shifted liquidity line with Bitcoin or other asset prices to identify correlations and potential divergences
Included Economies
This indicator aggregates M2 data from:
North America: US, Canada
Eurozone
Non-EU Europe: Switzerland, UK, Finland, Russia
Asia: China, Taiwan, Hong Kong, India, Japan, Philippines, Singapore
Latin America: Brazil, Colombia, Mexico
Middle East: UAE, Turkey
Africa: South Africa
Pacific: New Zealand
## Interpretation
Rising global liquidity typically supports risk assets, particularly Bitcoin. When liquidity contracts, risk assets often face headwinds. By shifting the liquidity data, you can identify lead/lag relationships between liquidity conditions and asset prices.
Notes
All M2 data is converted to USD to account for both money supply changes and relative currency strength
The indicator serves as a macro framework for understanding liquidity-driven market cycles
References
Based on research published at: www.lynalden.com
Forecasting
Sklarew Rule of 7 (with alternative multipliers)Sklarew’s Rule of 7 – A Framework for Projecting Price Movements:
The Rule of 7 is a price projection method developed by Arthur Sklarew, a technical analyst and trader. It is designed to estimate how far a breakout move may extend after price breaks out from a key level.
How the Rule of 7 Works
The method assumes that price moves in measured expansions, using a base move (initial breakout movement) as a reference point. These expansions follow a set of specific multipliers applied to the base move.
Step-by-Step Calculation
1. Identify the Initial Breakout Move
This is the first leg of the trend after a breakout from consolidation.
It can be measured from a swing low to swing high in an uptrend or vice versa in a downtrend.
2. Project Future Price Targets Using Multipliers
Sklarew’s Rule uses four price expansion levels:
1.75 × Initial Move
2.33 × Initial Move
3.50 × Initial Move
7.00 × Initial Move
These levels act as potential profit-taking zones or trend exhaustion points.
Example Calculation
Let’s assume WTI crude oil breaks out from $75 to $80, making a $5 breakout move.
Applying Sklarew’s Multipliers
Target 1: $80 + (1.75 × $5) = $88.75
Target 2: $80 + (2.33 × $5) = $91.65
Target 3: $80 + (3.50 × $5) = $97.50
Target 4: $80 + (7.00 × $5) = $115.00
These price levels provide guidance on where price may extend to and where traders might scale out of positions.
Alternative Multipliers: 1.40, 1.75, 2.33, and 3.50
Some traders modify the original multipliers for different market conditions. Using your alternative set, the projections would be:
Target 1: $80 + (1.40 × $5) = $87.00
Target 2: $80 + (1.75 × $5) = $88.75
Target 3: $80 + (2.33 × $5) = $91.65
Target 4: $80 + (3.50 × $5) = $97.50
This adjusts for different volatility environments while keeping the core principle intact.
How Sklarew’s Rule is Used in Trading
Trend Following: Confirms momentum strength & helps identify targets.
Breakout Trading: Estimates how far a breakout may run before retracing.
Institutional Strategy Influence: Market makers may structure orders around similar measured moves.
Cumulative Price Change AlertCumulative Price Change Alert
Version: 1.0
Author: QCodeTrader 🚀
Overview 🔍
The Cumulative Price Change Alert indicator analyzes the percentage change between the current and previous open prices and sums these changes over a user-defined number of bars. It then generates visual buy and sell signals using arrows and labels on the chart, helping traders spot cumulative price momentum and potential trading opportunities.
Key Features ⚙️
Customizable Timeframe 🕒:
Use a custom timeframe or default to the chart's timeframe for price data.
User-Defined Summation 🔢:
Specify the number of bars to sum, allowing you to analyze cumulative price changes.
Custom Buy & Sell Conditions 🔔:
Set individual percentage change thresholds and cumulative sum thresholds to tailor signals for
your strategy.
Visual Alerts 🚀:
Displays green upward arrows for buy signals and red downward arrows for sell signals directly
on the chart.
Informative Labels 📝:
Provides labels with formatted percentage change and cumulative sum details for the analyzed
bars.
Versatile Application 📊:
Suitable for stocks, forex, crypto, commodities, and more.
How It Works ⚡
Price Change Calculation ➗:
The indicator calculates the percentage change between the current bar's open price and the
previous bar's open price.
Cumulative Sum ➕:
It then sums these percentage changes over the last N bars (as specified by the user).
Signal Generation 🚦:
Buy Signal 🟢: When both the individual percentage change and the cumulative sum exceed
their respective buy thresholds, a green arrow and label are displayed.
Sell Signal 🔴: Conversely, if the individual change and cumulative sum fall below the sell
thresholds, a red arrow and label are shown.
How to Use 💡
Add the Indicator ➕:
Apply the indicator to your chart.
Customize Settings ⚙️:
Set a custom timeframe if desired.
Define the number of bars to sum.
Adjust the buy/sell percentage change and cumulative sum thresholds to match your trading
strategy.
Interpret Visual Cues 👀:
Monitor the chart for green or red arrows and corresponding labels that signal potential buy or
sell opportunities based on cumulative price movements.
Settings Explained 🛠️
Custom Timeframe:
Select an alternative timeframe for analysis, or leave empty to use the current chart's timeframe.
Number of Last Bars to Sum:
Determines how many bars are used to compute the cumulative percentage change.
Buy Condition - Min % Change:
The minimum individual percentage change required to consider a buy signal.
Buy Condition - Min Sum of Bars:
The minimum cumulative percentage change over the defined bars needed for a buy signal.
Sell Condition - Max % Change:
The maximum individual percentage change threshold for a sell signal.
Sell Condition - Max Sum of Bars:
The maximum cumulative percentage change over the defined bars for triggering a sell signal.
Best Use Cases 🎯
Momentum Identification 📈:
Quickly spot strong cumulative price movements and momentum shifts.
Entry/Exit Signals 🚪:
Use the visual signals to determine potential entry and exit points in your trading.
Versatile Strategy Application 🔄:
Effective for scalping, swing trading, and longer-term analysis across various markets.
UPD: uncheck labels for better performance
Sector/Industry Relative StrengthOverview
The Sector/Industry Relative Strength (RS) Indicator is a powerful tool designed to help traders and investors analyze the performance of sectors and industries relative to the broader market (SPY). It provides real-time insights into sector and industry strength, helping you identify leading and lagging areas of the market.
Key Features
Sector and Industry Analysis:
Automatically detects the sector and industry of the current symbol.
Displays the corresponding sector and industry ETF.
Relative Strength (STS) Calculation:
Calculates the Sector/Industry Trend Strength (STS) by comparing the sector or industry ETF to SPY over the past 20 days.
STS is expressed as a percentile (0-100), indicating how strong the sector/industry ETF has been relative to SPY over the past 20 days.
Example: An STS of 70 means that during the past 20 days, the ETF’s relative strength against SPY was stronger than 70% of those days.
Sector Rank:
Ranks the current sector ETF against a predefined list of major sector ETFs.
Highlights whether the sector is outperforming or underperforming SPY (green if outperforming, red if underperforming).
Customizable Display:
Choose which elements to display (e.g., sector, industry, ETFs, STS, sector rank).
Customize table position, size, text alignment, and colors.
Real-Time Performance:
Tracks daily price changes for sector and industry ETFs.
Displays percentage change from open to close.
How to Use
Add the Indicator:
Apply the indicator to any stock or ETF chart.
The script will automatically detect the sector and industry of the selected symbol.
Interpret the Data:
Sector/Industry: Displays the current sector and industry.
ETF: Shows the corresponding sector and industry ETF.
STS (Sector/Industry Trend Strength): A percentile score (0-100) indicating the relative strength of the sector/industry ETF compared to SPY over the past 20 days.
Sector Rank: Ranks the sector ETF against other major sectors (e.g., "3/12" means the sector is ranked 3rd out of 12).
Customize the Display:
Use the input settings to:
Show/hide specific elements (e.g., sector, industry, ETFs, STS, sector rank).
Adjust the table position, size, and text alignment.
Change colors for positive/negative changes.
Make Informed Decisions:
Use the STS score and sector rank to identify potential trading opportunities.
Focus on sectors and industries with high STS scores and strong rankings (green).
Input Parameters
Table Settings:
Table Position: Choose where to display the table (Top Left, Top Right, Bottom Left, Bottom Right).
Table Size: Adjust the size of the table (Tiny, Small, Normal, Large).
Text Color: Customize the text color.
Background Color: Set the table background color.
Display Options:
Show ETFs: Toggle the display of sector and industry ETFs.
Show STS: Toggle the display of the Sector/Industry Trend Strength (STS) score.
Show Sector/Industry: Toggle the display of sector and industry information.
Show Sector Rank: Toggle the display of the sector rank.
Parameters:
Sector Rank Time Length: Set the number of days used for calculating the sector rank (default: 20).
Example Use Cases
Sector Rotation:
Identify sectors with high STS scores and strong rankings (green) to allocate capital.
Avoid sectors with low STS scores and weak rankings (red).
Industry Analysis:
Compare the STS scores of different industries within the same sector.
Use the STS score to gauge relative strength and identify potential opportunities.
Market Timing:
Use the STS score and sector rank to time entries and exits in sector-specific ETFs.
Combine with other technical indicators for confirmation.
6-Hour Forecast (15m Steps) with Arrowed Lines & 95% CI -BesharaExplanation
Timeframe Conversion:
The helper function converts the chart’s timeframe (e.g., "15", "1H", etc.) into minutes so that the script can determine how many bars correspond to a 15‑minute interval.
Regression & Forecasting:
The script calculates a linear regression over the specified number of bars, approximates the slope, and computes the standard deviation of the residuals for error estimation. Then, for each forecast step (every 15 minutes for 6 hours), it extrapolates the forecast, calculates the 95% confidence interval, and draws red line segments connecting forecast points.
Visualization:
Arrows: At each forecast point, an arrow (▲ for upward, ▼ for downward, or → for unchanged) is drawn to indicate direction.
Confidence Intervals: Dotted orange lines display the 95% confidence interval at each forecast point.
Final Label: A label at the final forecast point shows the predicted price and its confidence interval.
Historical Regression: The blue line represents the historical regression line.
This script is provided for educational purposes only and does not guarantee predictive accuracy. Always use multiple tools and proper risk management in trading.
Wick Size in USD with 10-Bar AverageWick Size in USD with 10-Bar Average
Version: 1.0
Author: QCodeTrader
🔍 Overview
This indicator converts the price wicks of your candlestick chart into USD values based on ticks, providing both raw and smoothed data via a 10-bar simple moving average. It helps traders visualize the monetary impact of price extremes, making it easier to assess volatility, potential risk, and plan appropriate stop loss levels.
⚙️ Key Features
Tick-Based Calculation:
Converts wick sizes into ticks (using a fixed tick size of 0.01, typical for stocks) and then into USD using a customizable tick value.
10-Bar Moving Average:
Smooths out the wick values over the last 10 bars, giving you a clearer view of average wick behavior.
Bullish/Bearish Visual Cues:
The chart background automatically highlights bullish candles in green and bearish candles in red for quick visual assessment.
Stop Loss Optimization:
The indicator highlights long wick sizes, which can help you set more accurate stop loss levels. Even when the price moves in your favor, long wicks may indicate potential reversals—allowing you to account for this risk when planning your stop losses.
User-Friendly Customization:
Easily adjust the USD value per tick through the settings to tailor the indicator to your specific instrument.
📊 How It Works
Wick Calculation:
The indicator calculates the upper and lower wicks by measuring the distance between the candle’s high/low and its body (open/close).
Conversion to Ticks & USD:
These wick sizes are first converted from price points to ticks (dividing by a fixed tick size of 0.01) and then multiplied by the user-defined tick value to convert the measurement into USD.
Smoothing Data:
A 10-bar simple moving average is computed for both the upper and lower wick values, providing smoothed data that helps identify trends and deviations.
Visual Representation:
Columns display the raw wick sizes in USD.
Lines indicate the 10-bar moving averages.
Background Color shifts between green (bullish) and red (bearish) based on candle type.
⚡ How to Use
Add the Indicator:
Apply it to your chart to begin visualizing wick sizes in monetary terms.
Customize Settings:
Adjust the Tick Value in USD in the settings to match your instrument’s tick value.
(Note: The tick size is fixed at 0.01, which is standard for many stocks.)
Optimize Your Stop Loss:
Analyze the raw and averaged wick values to understand volatility. Long wicks—even when the price moves in your favor—may indicate potential reversals. This insight can help you set more accurate stop loss levels to protect your gains.
Analyze:
Use the indicator’s data to gauge market volatility and assess the significance of price movements, aiding in more informed trading decisions.
This indicator is perfect for traders looking to understand the impact of extreme price movements in monetary terms, optimize stop loss levels, and effectively manage risk across stocks and other instruments with similar tick structures.
Dynamic Pivot PointsDynamic Pivot Point Indicator
The Dynamic Pivot Point is an indicator used on the TradingView platform that dynamically calculates pivot points and displays them on the chart. This indicator provides automatically adjustable support and resistance levels for different timeframes. By visualizing dynamic levels that match current market conditions, traders can plan their strategies more effectively.
Features
Adapts to Timeframes
The indicator automatically selects the appropriate pivot calculation method based on the user's current timeframe. For example:
For short timeframes such as 1, 3, or 5 minutes, it uses daily (1D) data.
For medium timeframes like 15, 30, or 60 minutes, it uses weekly (1W) data.
For longer timeframes such as 120, 180, or 240 minutes, it uses monthly (1M) data.
For very long timeframes like 360, 480 minutes, daily (D), or weekly (1W), it uses 12-month (12M) data.
Dynamic Pivot Levels
The indicator automatically calculates pivot levels based on the specified high and low values.
Flexible Line Style Options
Users can choose different line styles (Dashed, Dotted, Solid) to improve visual clarity on the chart.
Clean and Clear Visualization
The indicator automatically removes previous lines and displays the latest levels clearly on the chart, preventing clutter and allowing traders to focus more efficiently.
How It Works
Identifying High and Low Levels
The indicator retrieves previous and current high and low levels based on the selected timeframe.
New high and low levels are updated by comparing them with previous levels.
Calculating Pivot Levels
Pivot points are calculated using Fibonacci ratios between high and low levels.
These levels represent dynamic support and resistance zones.
Drawing Lines
The calculated levels are displayed as lines on the chart, each represented with different colors and styles.
Use Cases
Support and Resistance Levels
The indicator dynamically calculates and displays support and resistance levels, serving as reference points for buy and sell decisions.
Trend Analysis
Fibonacci levels help identify trend strength and potential reversal points.
Risk Management
Pivot points assist in setting stop-loss and take-profit levels.
Multi-Timeframe Analysis
Since the indicator adapts to different timeframes, it can be used for both short-term and long-term analysis.
Advantages
✅ Automatic Calculation: No manual calculations are required, as it updates dynamically.
✅ Flexible Timeframe Support: Adapts to different timeframes.
✅ Visual Clarity: Line styles and colors make it easy to distinguish levels on the chart.
✅ Fibonacci Integration: Adds depth to technical analysis.
Conclusion
The Dynamic Pivot Point indicator is a useful tool for both beginners and experienced traders. By dynamically calculating pivot points and Fibonacci levels, it simplifies market analysis and aids in strategy development. With its flexible structure and clear visualization, it can be effectively used across all timeframes.
6 dakika önce
Sürüm Notları
This indicator is written for Support Resistance Traders
EMA POD Indicator #gangesThis script is a technical analysis indicator that uses multiple Exponential Moving Averages (EMAs) to identify trends and track price changes in the market. Here's a breakdown:
EMA Calculation: It calculates six different EMAs (for periods 5, 10, 20, 50, 100, and 150) to track short- and long-term trends.
Trend Identification:
Uptrend: The script identifies an uptrend when the EMAs are in ascending order (EMA5 > EMA10 > EMA20 > EMA50 > EMA100 > EMA150).
Downtrend: A downtrend is identified when the EMAs are not in ascending order.
Trend Change Tracking: It tracks when an uptrend starts and ends, displaying the duration of the trend and the percentage price change during the trend.
Visuals:
It plots the EMAs on the chart with different colors.
It adds green and red lines to represent the ongoing uptrend and downtrend.
Labels are displayed showing when the uptrend starts and ends, along with the trend's duration and price change percentage.
In short, this indicator helps visualize trends, track their changes, and measure the impact of those trends on price.
Bitcoin Power Law: Complete with Oscillator + Future Projection
Firstly, we would like to give credit to @apsk32 and @x_X_77_X_x as part of the code originates from their work. Additionally, @apsk32 is widely credited with applying the Power Law concept to Bitcoin and popularizing this model within the crypto community. Additionally, the visual layout is fully inspired by @apsk32's designs, and we think it looks amazing. So much so that we had to turn it into a TradingView script. Thank you!
Understanding the Bitcoin Power Law Model
Also called the Long-Term Bitcoin Power Law Model. The Bitcoin Power Law model tries to capture and predict Bitcoin's price growth over time. It assumes that Bitcoin's price follows an exponential growth pattern, where the price increases over time according to a mathematical relationship.
By fitting a power law to historical data, the model creates a trend line that represents this growth. It then generates additional parallel lines (support and resistance lines) to show potential price boundaries, helping to visualize where Bitcoin’s price could move within certain ranges.
In simple terms, the model helps us understand Bitcoin's general growth trajectory and provides a framework to visualize how its price could behave over the long term.
The Bitcoin Power Law has the following function:
Power Law = 10^(a + b * log10(d))
Consisting of the following parameters:
a: Power Law Intercept (default: -17.668).
b: Power Law Slope (default: 5.926).
d: Number of days since a reference point(calculated by counting bars from the reference point with an offset).
Explanation of the a and b parameters:
Roughly explained, the optimal values for the a and b parameters are determined through a process of linear regression on a log-log scale (after applying a logarithmic transformation to both the x and y axes). On this log-log scale, the power law relationship becomes linear, making it possible to apply linear regression. The best fit for the regression is then evaluated using metrics like the R-squared value, residual error analysis, and visual inspection. This process can be quite complex and is beyond the scope of this post.
Applying vertical shifts to generate the other lines:
Once the initial power-law is created, additional lines are generated by applying a vertical shift . This shift is achieved by adding a specific number of days (or years in case of this script) to the d-parameter. This creates new lines perfectly parallel to the initial power law with an added vertical shift, maintaining the same slope and intercept.
In the case of this script, shifts are made by adding +365 days, +2 * 365 days, +3 * 365 days, +4 * 365 days, and +5 * 365 days, effectively introducing one to five years of shifts. This results in a total of six Power Law lines, as outlined below (From lowest to highest):
Base Power Law Line (no shift)
1-year shifted line
2-year shifted line
3-year shifted line
4-year shifted line
5-year shifted line
The six power law lines:
Bitcoin Power Law Oscillator
This publication also includes the oscillator version of the Bitcoin Power Law. This version applies a logarithmic transformation to the price, Base Power Law Line, and 5-year shifted line using the formula log10(x) .
The log-transformed price is then normalized using min-max normalization relative to the log-transformed Base Power Law Line and 5-year shifted line with the formula:
normalized price = log(close) - log(Base Power Law Line) / log(5-year shifted line) - log(Base Power Law Line)
Finally, the normalized price was multiplied by 5 to map its value between 0 and 5, aligning with the shifted lines. The Oscillator version can be found here .
Interpretation of the Bitcoin Power Law Model:
The shifted Power Law lines provide a framework for predicting Bitcoin's future price movements based on historical trends. These lines are created by applying a vertical shift to the initial Power Law line, with each shifted line representing a future time frame (e.g., 1 year, 2 years, 3 years, etc.).
By analyzing these shifted lines, users can make predictions about minimum price levels at specific future dates. For example, the 5-year shifted line will act as the main support level for Bitcoin’s price in 5 years, meaning that Bitcoin’s price should not fall below this line, ensuring that Bitcoin will be valued at least at this level by that time. Similarly, the 2-year shifted line will serve as the support line for Bitcoin's price in 2 years, establishing that the price should not drop below this line within that time frame.
On the other hand, the 5-year shifted line also functions as an absolute resistance , meaning Bitcoin's price will not exceed this line prior to the 5-year mark. This provides a prediction that Bitcoin cannot reach certain price levels before a specific date. For example, the price of Bitcoin is unlikely to reach $100,000 before 2021, and it will not exceed this price before the 5-year shifted line becomes relevant. After 2028, however, the price is predicted to never fall below $100,000, thanks to the support established by the shifted lines.
In essence, the shifted Power Law lines offer a way to predict both the minimum price levels that Bitcoin will hit by certain dates and the earliest dates by which certain price points will be reached. These lines help frame Bitcoin's potential future price range, offering insight into long-term price behavior and providing a guide for investors and analysts. Lets examine some examples:
Example 1:
In Example 1 it can be seen that point A on the 5-year shifted line acts as major resistance . Also it can be seen that 5 years later this price level now corresponds to the Base Power Law Line and acts as a major support (Note: Vertical yearly grid lines have been added for this purpose👍).
Example 2:
In Example 2, the price level at point C on the 3-year shifted line becomes a major support three years later at point C, now aligning with the Base Power Law Line.
Finally, let's explore some future price predictions, as this script provides projections on the weekly timeframe :
Example 3:
In Example 3, the Bitcoin Power Law indicates that Bitcoin's price cannot surpass approximately $808K before 2030 as can be seen at point E, while also ensuring it will be at least $224K by then (point F).
Wickless Candle Indicator with Extended Lines (final)This Pine Script indicator identifies “wickless” candles—those with no upper wick (when the close equals the high) or no lower wick (when the open equals the low)—and marks these events on the chart. When such a candle is detected, it:
Records the Level and Bar Index:
Saves the price level (high for wickless tops, low for wickless bottoms) and the bar index where the condition occurred.
Draws an Extended Horizontal Line:
Creates a green horizontal line for a wickless top or a red line for a wickless bottom, starting at the detection bar and extending across subsequent bars as long as the price remains below (for tops) or above (for bottoms) the recorded level.
Resets When the Price Breaks the Level:
If a future bar’s price moves beyond the saved level (i.e., a high above a wickless top or a low below a wickless bottom), the indicator resets that level, ending the extension of the line.
Visual Markers:
Additionally, it plots a small triangle above a wickless top and below a wickless bottom for easy identification on the chart.
Overall, this script helps traders visualize potential support or resistance levels created by candles that close at their highs or open at their lows, with lines that dynamically adjust as price evolves.
Window Seasonality IndicatorThis is a time window seasonal returns indicator. That is, it will provide the mean returns for a given time window based on a given number of lookbacks set by the user. The script finds matching time windows, e.g., 1st week of March going back 5 years or 9:00-10:00 window of every day going 50 days, and then calculates an average return for that window close price with respect to the close price in the immediately preceding time window, e.g. last week of February or 8:00-9:00 close price, respectively.
There are 4 input options:
1) Historical Periods to Average: Set the number of matching historical windows with which to calculate an average price. The max is 730 lookback windows. Note: for monthly or weekly windows, setting too large a number will cause the script to error out.
2) Use Open Price: calculates the seasonal returns using the open price rather than close price.
3) Show Bands: select from 1 Gaussian standard deviation or a nonparamateric ranked confidence interval. As a rough heuristic, the Gaussian band requires at least 30 lookback periods, and the ranked confidence interval requires 50 or more.
4) Upper Percentile: set the upper cutoff for ranked confidence interval.
5) Lower Percentile: set the lower cutoff for ranked confidence interval.
Please be aware, this indicator does not use rigorous statistical methodology and does not imply predictive power. You'll notice the range bands are very wide. Do not trade solely based on this indicator! Certain time windows, such as weekly and monthly, will make more sense applied to commodities, where annual cycles play a role in its supply and demand dynamics. Hourly windows are more useful in looking at equities markets. I like to look at equities with 1-hr windows to see if there is some pattern to overnight behavior or for market open and close.
Opposite Delta Candle Highlighter with EMAs & Delta Boxes**Description:**
This indicator is designed to enhance market analysis by highlighting **candles with opposite-colored delta**, plotting **Exponential Moving Averages (EMAs)**, and displaying **delta volume as small boxes below the chart**.
🔹 **Key Features:**
✅ **Opposite Delta Candle Highlighting** – Candles where delta volume contradicts the price direction are highlighted with a **yellow background** and a **blue triangle** above the bar.
✅ **Three Exponential Moving Averages (EMAs)** – Includes **EMA (9, 21, 50)** to help identify trends and dynamic support/resistance levels.
✅ **Delta Volume Display** – Instead of large volume columns, delta is plotted as **small square boxes below the chart**, ensuring clear visibility without overlapping price candles.
✅ **Optimized for Lower Timeframes** – The indicator **automatically selects an appropriate lower timeframe** for more precise delta calculations.
🔹 **How It Works:**
- **Green Candle + Red Delta** → Opposite delta signal (Bearish Sign).
- **Red Candle + Green Delta** → Opposite delta signal (Bullish Sign).
- **Delta bars below the chart** indicate the strength of buying/selling pressure.
- **EMAs help identify the market trend** and potential trade entry zones.
🔹 **Use Cases:**
✔ **Scalping & Day Trading** – Identify potential reversals and trend continuation setups.
✔ **Volume Analysis** – Understand market participation and possible absorption.
✔ **Trend Confirmation** – Use EMAs to confirm trend direction alongside delta volume.
📌 *Best used with lower timeframes (1m, 5m, 15m) for detailed volume analysis.*
🚀 **Enhance your trading with real-time delta insights and price action analysis!**
Toby's Key LevelsAn Indicator that helps determine Key Areas on the chart. You set the values you want the horizontal lines to update. They horizontal lines will be used for exits and entries of trade. My recommendation for these Key Areas are as follows ( These recommendations are mostly for day trading and swing trading ):
XAU: Value distance of 50 ex. XAUUSD.
NAS: Value distance of 250 ex. NAS100/USTEC.
ETH: Value distance of 100 ex. ETHUSD.
AUD pairs: Value distance of 0.0200 ex. GBPAUD, EURAUD.
CAD pairs: Value distance of 0.0100 ex. NZDCAD, EURCAD.
CHF pairs: Value distance of 0.0100 ex. CADCHF, GBPCHF.
GBP pairs: Value distance of 0.00350 ex. EURGBP.
JPY pairs: Value distance of 2.00 ex. EURJPY, GBPJPY.
NZD pairs: Value distance of 0.015 ex. GBPNZD, AUDNZD.
Note:
These are subject to change and you can alter the lines anyhow you want to suit your trading style. These are what I recommend. Remember, Market is King.
Safe Trading!
Expiry Day Special IndicatorExpiry Day Special Indicator
The Expiry Day Special Indicator is designed to detect catalytic price action patterns that commonly occur between 9:15 AM to 10:15 AM (IST) in the Nifty & Bank Nifty markets but not limited to these specific markets. While these patterns are particularly useful on expiry days, they are not limited to expiry trading alone. They can also be applied on other trading days when similar conditions arise, making them versatile for intraday traders.
How It Works
This indicator scans for bullish and bearish price action patterns within the first trading hour and plots potential buy and sell signals based on key market structures.
• Bearish Patterns: Identifies strong rejection zones and weakness in price action to signal potential short trades.
• Bullish Patterns: Recognizes reversal formations that indicate potential long trade opportunities.
• Time Filter: The setup is valid only between 9:15 AM - 10:15 AM (IST) to focus on high-impact market moves.
Why This Indicator?
1. Specialized for Nifty & Bank Nifty – Designed specifically for Indian markets.
2. Early Trend Identification – Helps traders capture moves early in the session.
3. Works Beyond Expiry Days – Although optimized for expiry trading, it can also detect similar patterns on regular days.
📌 Note: This indicator does not provide trading advice; always use proper risk management.
AlgoCados x Gann Toolkit AnalysisAlgoCados x Gann Toolkit Analysis
The "AlgoCados x Gann Toolkit Analysis" is an advanced TradingView indicator combining the principles of W.D. Gann’s methodologies with the power of custom anchor points and time cycles. Tailored for traders seeking precision in market timing and price-level analysis, this toolkit integrates the Anchored Square of 9, customizable Gann Fans, and Time cycles. It offers unparalleled flexibility, allowing users to apply Gann’s techniques across different market assets and timeframes by squaring the chart, providing insights into support, resistance, and potential trend reversals.
CME_MINI:NQH2025
# Core Functionalities
# Gann’s Square of 9 Price Projections
This indicator applies Gann’s Square of 9 principles, allowing traders to anchor price projections at significant highs, lows, opens, or closes. By following the Gann Wheel methodology, it calculates critical support and resistance levels through angular shifts, providing accurate projections based on the chosen anchor point. Traders can adjust the anchor to align with various market conditions, refining their analysis according to their preferred starting price.
# Gann’s Cycles Time Projection
Incorporating Gann’s natural cycles of 144 and 360, this indicator utilizes bar index logic to project time cycles, best suited for unit-based timeframes (e.g., 1 minute, 1 hour, 1 day). These time projections are plotted dynamically, adapting in real time to new data and offering a structured view of Gann’s cyclical approach to market timing.
# Customizable Gann Fans
The toolkit includes a flexible Gann Fan module that lets traders scale ratios around a user-defined “1x1” ratio, making it adaptable across different assets and timeframes. With seven standard fan lines (1x1, 2x1, 4x1, 8x1, 1x2, 1x4, 1x8), each line is drawn dynamically based on the selected anchor point, providing insights into price action direction and potential support/resistance zones. These fans can be positioned for both bullish and bearish setups.
# Square of 4 Projections
By dividing Gann’s 360° cycles into four 90° segments, the indicator generates additional projections for more granular analysis. These divisions highlight key support/resistance levels, allowing traders to observe market responses at each 90° increment and identify potential reversal points. By default users will view larger cycles, up to 5760°, to capture significant long-term trends.
# Dynamic Labeling and Visualization
The indicator features customizable line styles (solid, dotted, dashed) and labeling options (Levels, Prices, Levels + Prices). This flexibility allows traders to create clear, structured chart visuals that reflect their analytical needs. Dynamic labels display degrees and prices for each projection, helping traders understand price movements at a glance.
CME_MINI:NQH2025
# Mathematical Foundation and Indicator Logic
# Anchor Point Calculation
The selected anchor (High, Low, Open, or Close) serves as the baseline for Gann calculations, determining all subsequent projections. Users can control the anchor time and adjust for offsets to optimize alignment with key market events.
# Angular Shifts and Square Root Scaling
Projections are calculated by applying angular shifts to the square root of the anchor price, with the toolkit generating both positive and negative deviations. This method reveals potential price levels by mapping out a series of support and resistance points based on Gann’s cyclic philosophy.
# Time Cycle Analysis_ 144 & 360 Cycles
Utilizing the bar index logic, the indicator plots time projections aligned with Gann’s 144 and 360 cycles, which apply best to unit-based timeframes like 1 minute, 1 hour, 1 day, etc. Time cycles are labeled and extended dynamically, ensuring the chart reflects real-time market shifts as new bars are added.
# Key Features and Customization Options
# Adjustable Angular Shifts and Cycles
Angular shifts from 360° to 5760° are available, offering detail from intraday to long-term trends. The Square of 4 cycles enhance analysis by dividing the 360° Gann Wheel into four equal parts, revealing critical resistance/support points within each cycle.
# Fully Customizable Projection Lines
Projection lines are customizable by style (solid, dotted, dashed) and color, ensuring a clear distinction between equilibrium, support, and resistance levels. The toolkit also includes separate settings for upper and lower deviations, allowing traders to focus on specific market directions.
# Flexible Input Settings for Time and Price
Users can set anchor points, time cycles, line styles, and labels with precision, tailoring the indicator to any asset, timeframe, or market condition.
# Dynamic Labeling and Offsets
Each projection line displays dynamic labels that show angular shifts and associated prices, enhancing readability and ease of analysis. Labels can be offset to avoid chart clutter, creating a clean and user-friendly chart.
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# Recommended Usage
# Time Cycles for Key Market Events
Anchor points should align with major highs or lows to reflect accurate time cycles. The toolkit’s flexibility in time cycle selection (1x1, 144, or 360 cycles) ensures precision in market timing analysis. Ideal for unit-based timeframes such as 1 minute, 1 hour, 1 day, 1 week, or 1 month.
# Price Levels with Gann Fans
Set anchor points on significant highs or lows to apply the Gann Fan tool effectively, projecting key price levels across multiple timeframes; the default fan is set on 1x1 (one price unit for one time unit), the ratio can be manually changed based on the chart specifics.
# Square of 4 Analysis
Dividing Gann Wheels into 90° segments allows traders to identify critical support and resistance levels within each 360° cycle. This feature is ideal for pinpointing intraday reversals or aligning with long-term trend cycles.
# Technical Overview
Indicator Name : AlgoCados x Gann Toolkit Analysis
Platform Compatibility : TradingView
Version : Pine Script v6
License: Mozilla Public License 2.0
Author : AlgoCados, © 2025
Overlay : True (overlays directly on price chart)
Core Functions : Anchored Square of 9, Customizable Gann Fans, and Time-Cycles projections
Customizable Settings : Anchor time/point, Angular shifts, Time cycles, Fan ratios, Label styles
Maximize Gann Analysis Precision with AlgoCados; Healthy with Your Trading!
Planetary Time IntervalsThe Planetary Time Intervals Indicator is a market time analysis tool that allows traders to analyze and forecast planetary degree time measurements on the chart. This indicator tracks consistent planetary degree intervals to the current bar and accurately project those intervals up to 500 bars on any timeframe.
It supports both geocentric and heliocentric planetary positions, including the Moon, making it applicable for long-term and intraday analysis.
How It Works:
Once the indicator is loaded, the user selects a significant high or low "datetime and price" as the starting point for calculations. There are three available methods for determining a planetary time interval, allowing for flexibility in market timing analysis:
1. Degree-Interval-Based Plotting (Default Method)
Input a fixed planetary interval (e.g., 30, 45, 9.78), and the indicator will:
Plot vertical background color changes at each elapse in planetary degrees of the selected planetary interval.
Project these intervals into the future with vertical lines and labels.
2. 360 Conversion Units (Alternative Time Measurement #1 – Bypasses Standard Degree-Based Plotting)
This method finds price-time equivalence through 360-base reduction, meaning it subtracts 360 increments from the price of a selected high or low until the result is under 360.
The final number serves as the working planetary degree measurement interval, and projections are plotted using this value.
The indicator will:
Plot vertical background color changes at each occurrence of this planetary interval.
Project these intervals into the future with vertical lines and labels.
Example Calculation:
If the selected high or low is already under 360:
Suppose the market high is 280 → The indicator uses 280 as the working planetary degree measurement interval.
Future projections are plotted using 280° increments.
If the selected high or low is above 360:
Suppose Bitcoin’s high at $64,899, and 360 Conversion Units are enabled. The script will:
Subtract multiples of 360 from 64,899:
64,899 - 360 = 64,539
64,539 - 360 = 64,179
Continue this process until the value is less than 360
The final result would be 99, meaning the working planetary degree measurement interval is 99°.
The indicator then plots these 99° intervals as planetary time projections as shown in the image below. This image also shows the math label option to show or hide as user info.
3. 100-Unit Time Measurement (Alternative Time Measurement #2
This method establishes a relationship between price and time by taking one-tenth (1/10) of a selected high or low and using that as the planetary measurement interval.
The indicator will:
Plot vertical background color changes at each occurrence of this planetary interval.
Project these intervals into the future with vertical lines and labels.
Example Calculation:
If the selected market high is 1,000, the resulting planetary interval would be 100.
The script plots projections at 100° intervals for future timing analysis.
Additional Features:
✔ Selectable Math Label Option – Users can enable an option to view the calculations behind both alternative methods to help determine if scaling is needed.
✔ Customizable Scaling for High or Low Prices – Adjustable scaling inputs allow the indicator to work with prices that are too high or too low, ensuring compatibility across different markets.
How to Use:
Load the indicator onto your chart anytime.
Select a significant high or low datetime & price as the base measurement.
Choose one of three measurement methods:
Standard Degree-Interval Plotting → Plots at fixed user input planetary intervals.
360 Conversion Units → Finds price-time equivalence through 360-based reductions.
100-Unit Time Measurement → Finds price-time equivalence by 1/10 units.
(Optional) Enable the math display option to see the calculation process.
(Optional) Adjust scaling to accommodate market prices that are significantly high or low.
Observe the projected planetary time intervals, which are plotted on the chart with background color changes, vertical lines, and labeled planetary time projections. Perfect for backtesting.
Inspired by the works of Michael Jenkins and George Bayer, and powered by AstroLib, developed by @BarefootJoey
Square of Nine Planetary Time ProgressionThis indicator enables users to plot future planetary projections in alignment with Square of Nine progression.
Description:
The Square of Nine Planetary Time Progression Indicator is a time-based market forecasting tool that integrates W.D. Gann’s Square of Nine principles with planetary time intervals. By mapping planetary cycles onto a geometric framework, this indicator may help traders identify potential market turning points with precision, aligning planetary time with Square of Nine progression.
It provides the ability to use geo or helio planetary positions, including the Moon, making it applicable for both long-term and intraday market timing.
Unlike traditional planetary cycle tools that rely on zodiacal aspects, this indicator focuses on planetary time intervals and their geometric relationships within the Square of Nine to forecast potential future key points in the market.
How to Use:
1. Select a Significant High or Low on any time frame
This reference point serves as the starting measurement for planetary time calculations, from which planetary time degrees will accumulate . Each subsequent projection reflects the cumulative solar or planetary degrees from this initial pivot, establishing a structured sequence of time-based market intervals.
2. Align the Degree Interval with the Next Market Swing:
Set the degree interval to align with the next major market swing from the intial point set in step 1.
The planetary time between these two points establishes the base time measurement for further calculations.
3. The script generates Square of Nine rotational increments, where the base measurement serves as the cornerstone for all future progressions/planetary time projections. As the script continues rotating around the Square of Nine, it produces the following sequence:
360° (Full Cycle) – The next full rotation from the base measurement.
180° (Half Cycle) – The midpoint between full cycles.
90° Increment from the Base Measurement – The first step in the Square of Nine progression.
90° Increment from 180° – The next step in the sequence, leading toward the full cycle.
Each of these increments builds upon the initial planetary time measurement, accumulating degrees through a structured Square of Nine progression, ensuring that future time projections align geometrically with the starting swing measurement.
Example Calculation:
Selecting the Base Measurement:
When the indicator is loaded, lets say the user selects a significant low as the starting point for the calculation.
Next, the user sets the input of the degree interval to align with the next major swing from that significant low.
Suppose the measured swing from the starting point occurs at 145 solar degrees—this becomes the base planetary time measurement.
Applying the Square of Nine Rotational Increments:
The script takes 145° and maps it onto the Square of Nine.
From 145° , the script projects future planetary degrees intervals based on the progression of 90-degree increments around the Square of Nine structure.
Generating Key Rotational Points:
Starting from 145° on the Square of Nine, we apply successive 90° increments:
151° (First 90° increment)
157°
163°
169° (180° opposition point)
176°
183°
190°
197° (Full 360° cycle rotation on the Square of Nine) and the rotation continues onto the next rung on the square of nine.
Plotting Future Projection Intervals:
The indicator plots these calculated degree intervals as future timing markers on the chart.
The opposition (180°) and full 360° cycle rotations are visually labelled using the conjunction (☌) and opposition (☍) symbols.
These symbols do not represent planetary aspects (as in traditional astrology) but instead mark geometric aspects derived from the Square of Nine.
These projected dates may help traders forecasting key market points in time. No repaint.
This indicator is inspired by the works of W.D. Gann and Patrick Mikula and is powered by AstroLib, developed by @BarefootJoey
Intraday example:
You can see that we're on the 4-hour chart using the Moon, with our initial measurement spanning 37 lunar degrees from high to low. The Square of Nine time projections are calculated in planetary degrees and plotted on the chart, forecasting future timing intervals.
Smart Adaptive Signal SystemSmart Adaptive Signal System
Description: The Smart Adaptive Signal System is a sophisticated indicator that generates intelligent buy/sell signals by dynamically adapting to market conditions. It predicts target prices based on momentum and volatility, providing more accurate and reliable trading opportunities.
How It Works:
Dynamic Signal Generation: The system predicts target prices by considering factors such as volatility and momentum. This allows it to react instantly to trend changes and market fluctuations.
Adaptive Thresholds: Buy and sell signals are triggered with adaptive thresholds, adjusting according to market volatility. This ensures flexibility in the face of sudden market changes.
Trend-Based Reset: Users can choose to reset threshold values based on a time interval or trend change. This feature helps the system re-adapt to current market conditions for greater accuracy.
Target Price Prediction: Target prices are calculated using momentum and volatility, helping the system predict future price movements.
How to Use:
Buy/Sell Signals: The indicator generates buy and sell signals based on market conditions. Look for a "down arrow" for a buy signal and an "up arrow" for a sell signal on the chart.
Target Price Lines: Along with buy and sell signals, the system draws target price lines. This helps you visualize potential future price levels.
Flexible Settings: Users can customize analysis periods, minimum change percentages, and other parameters to fit their needs.
Features:
Dynamic buy and sell signals
Target price predictions
Volatility and momentum-based analysis
User-friendly and flexible settings
Trend-based adaptive resetting
Alerts: The Smart Adaptive Signal System responds quickly to sudden market changes, but always use it in conjunction with other indicators like support and resistance levels. Signal accuracy may vary depending on market conditions.
Candle Bias ForecastCandle Bias Forecast Indicator
Description:
The Candle Bias Forecast Indicator is an original multi‐timeframe analysis tool that generates price forecast levels based on the difference between candle biases on two different timeframes. It uses innovative calculations to provide potential forecast levels that align with current price action.
How It Works:
1. Candle Bias Calculation:
For each candle, the indicator computes a “candle bias” using the formula:
candleBias = (((open + close)/2 - (high + low)/2) + ((close - open)/(high - low)))/2
This measure captures both the positioning of the candle’s body within its range and the normalized move from open to close.
2. Multi-Timeframe Analysis:
The script uses multiple timeframe pairs (e.g., 5-minute vs. 30-minute, 10-minute vs. 60-minute, etc.). For each pair, the bias is computed on the lower timeframe and on the higher timeframe.
3. Normalization with ATR:
To translate the dimensionless bias difference into price terms, the indicator multiplies the difference by the lower timeframe’s Average True Range (ATR). This scales the forecast adjustment to current market volatility.
4. Forecast Computation:
The forecast level for each pair is then calculated as:
forecast = close + (lowerTF_ATR * (lowerTF_bias - higherTF_bias))
This yields forecast levels that are plotted on the chart and connected by lines for a visual guide.
How to Use:
- Visual Confirmation: Add the indicator to your 1 to 15 minute chart to see forecast levels overlaid on the price.
- Supplementary Analysis: Use these forecast levels as an additional tool alongside your other analysis methods. They can help indicate potential support/resistance areas or directional bias.
Important Notes:
- Not a Standalone Signal: This indicator is intended to supplement your analysis. Always combine it with other tools and sound risk management practices.
- For Educational & Research Use: The indicator is provided “as is” without any guarantee of performance. It is designed to illustrate an innovative approach to multi-timeframe analysis.
- Disclaimer: Past performance is not indicative of future results. Use this tool at your own risk.
By combining candle bias with ATR-based normalization and multi-timeframe analysis, this indicator offers a unique perspective on market dynamics that can enrich your trading strategy.
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*This is an original script designed to add value to the TradingView community. Please test and validate its outputs thoroughly before using it in live trading.*
Cross Market AdvancedEnglish Description:
Cross Market Advanced is a TradingView indicator designed for intermarket analysis between two tickers. It compares the price of the primary market (the chart’s ticker) with a secondary market (user-selectable) by calculating their ratio—optionally with a configurable time delay. This feature is especially useful for markets such as oil and gold. Statistical studies show that the gold price typically lags behind the oil price by about 140–150 days, meaning that an oil rally can potentially trigger a gold rally after approximately 145 days.
Key features include:
• Intermarket Comparison: Analyzes the relationship between two different markets.
• Customizable Ratio Calculation: Choose between EMA and SMA smoothing, set evaluation periods, and apply a time delay for the secondary ticker. This delay can be tailored to match market-specific relationships, like the oil-to-gold lag.
• Overbought & Oversold Levels: Visual cues are provided with horizontal reference lines at 70 (overbought) and 30 (oversold), with a shaded zone between, helping to identify extreme market conditions.
• Divergence Detection: Identifies potential divergences between the ticker price and the scaled index. Divergence signals are color-coded (red for bearish, green for bullish) as a rough guide—note that this does not replace detailed technical analysis.
• Additional Plots: Optionally display the raw ratio and z‑score.
• Visual Aids: The indicator displays the selected tickers on the chart along with clear reference levels.
This tool is ideal for traders looking to explore cross-market relationships, identify early signs of potential market reversals, and incorporate time delay effects—particularly in markets like oil and gold.
Deutsche Beschreibung:
Cross Market Advanced ist ein TradingView-Indikator, der eine Intermarket-Analyse zwischen zwei Tickern ermöglicht. Er vergleicht den Kurs des primären Marktes (dem im Chart dargestellten Ticker) mit einem sekundären Markt (frei wählbar), indem er deren Verhältnis berechnet – optional mit einem einstellbaren Zeitversatz. Dieser Zeitversatz ist besonders nützlich, wenn beispielsweise Öl und Gold verglichen werden. Statistischen Untersuchungen zufolge läuft der Goldpreis etwa 140–150 Tage hinter dem Ölpreis her, was bedeuten kann, dass eine Öl-Rallye zu einer Gold-Rallye mit einem Verzögerungsfaktor von etwa 145 Tagen führen kann.
Wichtige Funktionen im Überblick:
• Intermarket-Vergleich: Analyse der Beziehung zwischen zwei unterschiedlichen Märkten.
• Anpassbare Verhältnis-Berechnung: Auswahl zwischen EMA und SMA, Festlegung der Evaluationsperiode sowie Anwendung eines Zeitversatzes für den zweiten Ticker. Dieser Versatz kann an marktspezifische Zusammenhänge angepasst werden, wie z.B. das Öl-Gold-Verhältnis.
• Überkauft & Überverkauft: Mit horizontalen Referenzlinien bei 70 (Überkauft) und 30 (Überverkauft) wird die aktuelle Marktlage visualisiert – der dazwischen liegende, hervorgehobene Bereich hilft, extreme Marktbedingungen zu erkennen.
• Divergenzerkennung: Ermittelt mögliche Divergenzen zwischen dem Ticker-Kurs und dem skalierten Index. Divergenzsignale werden farblich hervorgehoben (rot für bärisch, grün für bullisch) und dienen als grobe Orientierung – sie ersetzen jedoch keine ausführliche charttechnische Analyse.
• Zusatzplots: Optionale Darstellung des Rohwerts des Verhältnisses sowie des z‑Scores.
• Visuelle Hilfen: Der Indikator zeigt die ausgewählten Ticker im Chart sowie die klaren Referenzniveaus an.
Dieser Indikator eignet sich ideal für Trader, die Cross-Market-Beziehungen untersuchen, frühzeitig Hinweise auf mögliche Trendumkehrungen erkennen und auch Verzögerungseffekte – wie etwa beim Öl-Gold-Verhältnis – in ihre Analyse einbeziehen möchten.
GME Swapinator 5This indicator tracks likely GME swap expiration, which generally results in volatility to the upside in the stock. This is NOT valid on any stock except GME.
To view this indicator, add it to favorites by clicking the little rocket icon on the chart, then add it as an indicator by clicking the favorites tab (next to indicators if on desktop)
The magnitude of the spikes indicate the strength of the swap expiration. The more volatile the spikes, the more volatile the resultant price action might be.
This indicator does not catch all positive price increases, but only looks for swap expirations.
It also does not know what the options chain looks like, so a volatile options chain will make this indicator not show any spikes during that timeframe (see May-June 2024)
It also does not account for company actions like share offerings.
The indicator is only valid after Jan 2021.
The indicator gives a guideline with red/orange warnings on the trendline but you can use your own eyes to try and see when it is showing approaching volatility. The red and orange marks were added after the fact to try and make it a little more user friendly.
It was tuned to work on the DAILY timeframe. Using anything less than the daily timeframe is untested and likely not valid.
This is also just an indicator and does not predict the future. It is not guaranteed to work in the future, although it has done pretty well in the past.
Midnight Range Standard DeviationsCredit to Lex Fx for the basic framework of this script
This indicator is designed to assist traders in identifying potential trading opportunities based on the Intraday Concurrency Technique (ICT) concepts, specifically the midnight range deviations and their relationship to Fibonacci levels. It builds upon the work of Lex-FX, whom we gratefully acknowledge for the original concept and inspiration for this indicator.
Core Concept: ICT Midnight Range
The core of this indicator revolves around the concept of the midnight range. According to ICT, the high and low formed in a specific time window (typically the first 30 minutes after midnight, New York Time) can serve as a key reference point for intraday price action. The indicator identifies this range and projects potential support and resistance levels based on deviations from this range, combined with Fibonacci ratios.
How ICT Uses Midnight Range Deviations
ICT methodology often involves looking for price to move away from the initial midnight range, then return to it, or deviate beyond it, as key areas for potential entries.
Range Identification: The indicator automatically identifies the high and low of the midnight range (00:00 - 00:30 NY Time).
Deviation Levels: The indicator calculates and displays deviation levels based on multiples of the initial midnight range. These levels are often used to identify potential areas of support and resistance, as well as potential targets for price movement. These levels can be set in the additional fib levels section, which can be configured in increments of .5 deviations all the way up to 12 deviations.
Fibonacci Confluence: ICT often emphasizes the confluence of multiple factors. This indicator adds Fibonacci levels to the midnight range deviations. This allows traders to identify areas where Fibonacci retracements or extensions align with the deviation levels, potentially creating stronger areas of support or resistance.
Looking for Sweeps: ICT often uses these levels to look for times that the high and low are swept as potential areas of liquidity, indicating the start of potential continuations.
Time-Based Analysis: The time at which price interacts with these levels can also be significant in ICT. The indicator provides options to extend the range lines to specific times (e.g., 3 hours, 6 hours, 10 hours, 12 hours, or a custom defined time) after midnight, allowing traders to focus on specific periods of the trading day.
Indicator Settings Explained:
Time Zone (TZ): Defines the time zone used for calculating the midnight range. The default is "America/New_York".
Range High Color, Range Low Color, Range Mid Color: Customize the colors of the high, low, and mid-range lines.
Range Fill Color: Sets the fill color for the area between the range high and low.
Line Style: Choose the style of the range lines (solid, dashed, dotted).
Range Line Thickness: Adjust the thickness of the range lines for better visibility.
Show Fibonacci Levels: Enable or disable the display of Fibonacci deviation levels.
Fib Up Color, Fib Down Color: Customize the colors of the Fibonacci levels above (up) and below (down) the midnight range.
Show Trendline: Enables a trendline that plots the close price, colored according to whether the price is above the high, below the low, or within the midnight range.
Show Range Lines, Show Range Labels: Toggles the visibility of the range lines and their associated labels.
Label Size: Adjust the size of the labels for better readability.
Hide Prices: Option to display only the deviation values on labels, hiding price values.
Place Fibonacci Labels on Left Side: Option to switch label position from right side to left side.
Extend Range To (Hours from Midnight): This section gives you a wide variety of options on how far you want to extend the range to, you can do 3,6,10,12, and 23 hours. Alternatively, you can select the "Use Custom Length" and set a specific time in hours.
Additional Fib Levels: This section allows the trader to set additional deviation points in increments of .5 deviations from .5 all the way up to 12 deviations
TradingView Community Guidelines Compliance:
This indicator description adheres to the TradingView community guidelines by:
Being educational: It explains the ICT methodology and how the indicator can be used in trading.
Being transparent: It clearly describes all the indicator's settings and their purpose.
Providing credit: It acknowledges Lex-FX as the original author of the concept.
Avoiding misleading claims: It does not guarantee profits or imply that the indicator is a "holy grail."
Disclaimer: Usage of this indicator and the information provided is at your own risk. The author is not responsible for any losses incurred as a result of using this indicator.
Important Considerations:
This indicator is intended for educational purposes and to assist in applying the ICT methodology.
It should not be used as a standalone trading system.
Always combine this indicator with other forms of technical analysis and risk management techniques.
Backtest thoroughly on your chosen market and timeframe before using in live trading.
Trading involves risk. Only trade with capital you can afford to lose.
Half Candle RetraceThis custom indicator draws a horizontal line at the 50% retracement level of each candlestick on the chart. It calculates the midpoint between the high and low of each candle, which is often used by traders to identify potential entry, exit and take-profit levels. Once price action returns to an untouched level, the line will be removed, leaving only the levels where price action is still missing.
Key Features:
Timeframe: Works on all timeframes.
Line Color: Customize the line color to suit your charting preferences.
Line Width: Adjust the thickness of the retracement line for better visibility.
Line Style: Choose between solid, dotted, or dashed lines.
Up/Down Candle Selection: Option to only display retracement lines for up (bullish) candles, down (bearish) candles, or both.
Full Customization: Control the transparency (opacity) of the line for enhanced visual clarity.
Simple Setup: No complicated settings – simply choose your preferred color, line style, and visibility options.
This indicator is perfect for traders who prefer to use price action and retracement levels to identify potential trade opportunities.
How It Works:
The indicator automatically calculates the 50% level (midpoint) for each candlestick, drawing a line at this level. It will only draw lines for candles that match your chosen criteria (up or down candles), ensuring the chart remains clean and relevant to your trading strategy. Lines are automatically removed as soon as price crosses them.
