Sentiment Zone OscillatorHere's a (forgotten but still useful) Sentiment Zone Oscillator. The Sentiment Zone Oscillator takes a sum of positive price candles over a user-specified window length. Normally, a triple exponential moving average of the sum is used, but we opted to just go with a double EMA for the sake of more responsiveness. When the histogram is green it is bullish and red/pink means bears.
ค้นหาในสคริปต์สำหรับ "zone"
CDC Action Zone V.2 Alertวิธีใช้ให้ตั้งค่า ดังนี้
Condition = CDC Action Zone V.2 Alert
= Short หรือ Long (ขาย หรือ ซื้อ)
= Crossing Down
= Value
= 0.9
หมายเหตุ : ที่ต้องเลือก Crossing Down เพื่อให้มีการยืนยันแท่งเขียวแรกก่อน ซึ่งจะตรงกับ strategy ด้วย
Strategy Ref:
Chop Zone Strategy - Buy OnlyUses build-in indicator "Chop Zone" which measures angle of EMA-34.
Buy when there are 3 consecutive turquoise bar.
Close when there are 3 consecutive non-turquoise bar.
HTF High/LowThis simple script draws the previous higher timeframe candle high/low to your chart.
You can also make the script paint the zone between the low/open and the high/close.
Two moving averages with zone coloringTwo EMA's with the zone between them colored based on the trend direction.
Multiple moving averages with zone coloringEMA's 20 to 200. The zone between EMA 20 and EMA 200 is colored based on the trend direction.
Time zoneRegular script to allocate the specified time range within a day.
TradingView in time is specified by UTC. I Moscow time (GMT +3) and the time specified in the script Default 1:00 - 13:00 Moscow time equal 09:00 - 21:00 ie -8 Hours from the Moscow time (-7 in summer).
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Обычный скрипт для выделения указанного диапазона времени внутри дня.
Время в TradingView указывается по UTC. У меня московское время (GMT +3) и время указанное в скрипте по умолчания 01:00 - 13:00 по московскому времени равняется 09:00 - 21:00 , т.е. -8 часов от московского времени (-7 в летнее время).
Sentiment Zone OscillatorThe original script was posted on ProRealCode by user Nicolas.
The Sentiment Zone Oscillator (SZO) was authored by Walid Khalil in the Stocks and Commodities Magazine, May 2012. The SZO uses a triple exponential moving average (TEMA) of a plus-minus value, triggered by the current and previous closing prices. Over-bought and over-sold paths and adjustable guides are also given.
This oscillator attempt to measure overall market sentiment and give overbought and oversold levels to play with. Bullish signal may occur when the oscillator is rising from the lower level and bearish one when the white line is quitting the higher level.
Overbought and oversold are dynamic, they take the higher and lower value that the oscillator had in the last "SZOLongPeriod".
Indicators: Volume-Weighted MACD Histogram & Sentiment Zone OscVolume-Weighted MACD Histogram
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Volume-Weighted MACD Histogram, first discussed by Buff Dormeier, is a modified version of MACD study. It calculates volume-averaged Close price for finding the histogram.
More info:
www.moneyshow.com
Sentiment Zone Oscillator
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Sentiment Zone Oscillator, developed by Walid Khalil, is a complementing oscillator to VZO and PZO.
To quote Walid:
>> The sentiment zone oscillator (SZO) is a leading contrary oscillator that measures the extreme emotions of a single market or share.
>> It measures and defines both extremes, bullishness (overoptimism) and bearishness (overpessimism), that could lead to a change
>> in sentiment, eventually changing the trend of the time frame under study. The SZO was devised on the belief that after several waves
>> of rising prices, investors begin to get bullish on the stock with increasing confidence since the price has been rising for some time.
>> The SZO measures that bullishness/bearishness and marks overbought/oversold levels.
SZO has its own oversold/overbought bands. Also, when SZO goes above 7, it indicates extreme optimism. When the SZO goes below -7, it indicates extreme pessimism.
More info: www.traders.com
How to import / use custom indicators from this chart?
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PDF: drive.google.com
Pivot Target (5m Futures)I am new to both Futures Trading and Pivots. Looking for shorter-term profitable opportunities, I have investigated the use of pivots from a higher timeframe. All the work of this script is performed using two lines. It calculates the pivot from the previous 2-hour bar and draws this pivot line on the 5-minute timeframe. Many many times, the price will reach back to this pivot point - sometimes fairly quickly within the same horizontal pivot line and sometimes farther out (4-hours to 6-hours, or within the next few days). Price tends to reach the level around ninety percent of the time, making for plenty of short-term trading opportunities.
I get the best results when I see the price rise or fall from the pivot, along with a second indicator indicating a possible reversal (my favorite is Divergence for Many Indicators v4 by LonesomeTheBlue . Who knew divergence (both regular and hidden) was so common and useful for finding probable reversals? If I find the price above or below the pivot line with a second signal, I'll place a buy or sell within that same 2-hour window the price tends to return back to the higher timeframe pivot for a nice profit very quickly. Other times it does take a little longer to return with only a small percentage of time not returning within a reasonable amount of time, or very unusually, not at all. The image above shows a number of profitable trading opportunities using a combination of the Pivot Target and LonesomeTheBlue's Divergence for Many Indicators v4. You can further limit risk by only taking trades that are in the same direction of the overall trend, possibly confirmed on a higher timeframe.
This script will only be visible on the 5-minute timeframe the way it is written right now. I wouldn't suggest shorter or longer timeframes unless some editing is done by you. It doesn't seem to work as well with stocks, but is best on Futures due to the wave-like natures of the futures market. Trade safe, trade with the trend, use stops and limits appropriately and stay safe.
ZoneBand (@Mido_yuiya)Bollinger band is converted to EMA , and support and resistance bands are made into regions
MoneyZone_SmartEleZone of action which helps identify smart money actioned. This bands help identify possible areas to expect action.
Support and Resistance HeatmapThe "Support and Resistance Heatmap" indicator is designed to identify key support and resistance levels in the price action by using pivots and ATR (Average True Range) to define the sensitivity of zone detection. The zones are plotted as horizontal lines on the chart, representing areas where the price has shown significant interaction. The indicator features a customizable heatmap to visualize the intensity of these zones, making it a powerful tool for technical analysis.
Features:
Dynamic Support and Resistance Zones:
Identifies potential support and resistance areas based on price pivots.
Zones are defined by ATR-based thresholds, making them adaptive to market volatility.
Customization Options:
Heatmap Visualization: Toggle the heatmap on/off to view the strength of each zone.
Sensitivity Control: Modify the zone sensitivity with the ATR Multiplier to increase or decrease zone detection precision.
Confirmations: Set how many touches a level needs before it is confirmed as a zone.
Extended Zone Visualization:
Option to extend the zones for better long-term visibility.
Ability to limit the number of zones displayed to avoid clutter on the chart.
Color-Coded Zones:
Color-coded zones help differentiate between bullish (support) and bearish (resistance) levels, providing visual clarity for traders.
Heatmap Integration:
Gradient-based color changes on levels show the intensity of touches, helping traders understand which zones are more reliable.
Inputs and Settings:
1. Settings Group:
Length:
Determines the number of bars used for the pivot lookback. This directly affects how frequently new zones are formed.
Sensitivity:
Controls the sensitivity of the zone calculation using ATR (Average True Range). A higher value will result in fewer, larger zones, while a lower value increases the number of detected zones.
Confirmations:
Sets the number of price touches needed before a level is confirmed as a support/resistance zone. Lower values will result in more zones.
2. Visual Group:
Extend Zones:
Option to extend the support and resistance lines across the chart for better visibility over time.
Max Zones to Display (maxZonesToShow):
Limits the maximum number of zones shown on the chart to avoid clutter.
3. Heatmap Group:
Show Heatmap:
Toggle the heatmap display on/off. When enabled, the script visualizes the strength of the zones using color intensity.
Core Logic:
Pivot Calculation:
The script identifies support and resistance zones by using the pivotHigh and pivotLow functions. These pivots are calculated using a lookback period, which defines the number of candles to the left and right of the pivot point.
ATR-Based Threshold:
ATR (Average True Range) is used to create dynamic zones based on volatility. The ATR acts as a buffer around the identified pivot points, creating zones that are more flexible and adaptable to market conditions.
Merging Zones:
If two zones are close to each other (within a certain threshold), they are merged into a single zone. This reduces overlapping zones and gives a cleaner visual representation of significant price levels.
Confirmation Mechanism:
Each time the price touches a zone, the confirmation counter for that zone increases. The more confirmations a zone has, the more reliable it is. Zones are only displayed if they meet the required number of confirmations as specified by the user.
Color Gradient:
Zones are color-coded based on the number of confirmations. A gradient is used to visually represent the strength of each zone, with stronger zones being more vividly colored.
Heatmap Visualization:
When the heatmap is enabled, the color intensity of the zones is adjusted based on the proximity of the price to the zone and the number of touches the zone has received. This helps traders quickly identify which zones are more critical.
How to Use:
Identifying Support and Resistance Zones:
After adding the indicator to your chart, you will see horizontal lines representing key support (bullish) and resistance (bearish) levels. These zones are dynamically updated based on price action and pivots.
Adjusting Zone Sensitivity:
Use the "ATR Multiplier" to fine-tune how sensitive the indicator is to price fluctuations. A higher multiplier will reduce the number of zones, focusing on more significant levels.
Using Confirmations:
The more times a price interacts with a zone, the stronger that zone becomes. Use the "Confirmations" input to filter out weaker zones. This ensures that only zones with enough interaction (touches) are plotted.
Activating the Heatmap:
Enabling the heatmap will provide a color-coded visual representation of the strength of the zones. Zones with more price interactions will appear more vividly, helping you focus on the most significant areas.
Best Practices:
Combine with Other Indicators:
This support and resistance indicator works well when combined with other technical analysis tools, such as oscillators (e.g., RSI, MACD) or moving averages, for better trade confirmations.
Adjust Sensitivity Based on Market Conditions:
In volatile markets, you may want to increase the ATR multiplier to focus on more significant support and resistance zones. In calmer markets, decreasing the multiplier can help you spot smaller, but relevant, levels.
Use in Different Time Frames:
This indicator can be used effectively across different time frames, from intraday charts (e.g., 1-minute or 5-minute charts) to longer-term analysis on daily or weekly charts.
Look for Confluences:
Zones that overlap with other indicators, such as Fibonacci retracements or key moving averages, tend to be more reliable. Use the zones in conjunction with other forms of analysis to increase your confidence in trade setups.
Limitations and Considerations:
False Breakouts:
In highly volatile markets, there may be false breakouts where the price briefly moves through a zone without a sustained trend. Consider combining this indicator with momentum-based tools to avoid false signals.
Sensitivity to ATR Settings:
The ATR multiplier is a key component of this indicator. Adjusting it too high or too low may result in too few or too many zones, respectively. It is important to fine-tune this setting based on your specific trading style and market conditions.
FibonacciRetracementHi all!
This library will help you draw Fibonacci retracement levels (zones). The code is from my indicator "Fibonacci retracement" (). You can see that description for more information about the behaviour and example of how to use this library. The code is almost the same with the addition of alerts. If the alert frequency is 'alert.freq_once_per_bar_close' alert messages will be concatenated and have a header saying how many messages it contains (if it's more than 1).
Hope this is of help!
Library "FibonacciRetracement"
ConcateAlerts(context)
Concatenates all alerts from the bar to one string (separated by new lines) and clears alert messages on the current bar.
Parameters:
context (Context)
AddAlert(context, message, unshiftInsteadOfPush)
Parameters:
context (Context)
message (string)
unshiftInsteadOfPush (bool)
Range(context, structure, settings)
Will return values if new levels/zones should be drawn.
Parameters:
context (Context) : The 'Context' for the Fibonacci retracement.
structure (Structure type from mickes/PriceAction/1) : The current 'Structure' from the 'MarketStructure' library.
settings (Settings) : The 'Settings' object for the 'Context'.
Returns: A tuple with the start and end pivot if new zones should be drawn, ' ' otherwise.
DrawAll(context, settings, start, end)
Draws lines and labels for the zone. It will also set the 'Price' value that will be used for absolute positions.
Parameters:
context (Context) : The 'Context' for the Fibonacci retracement.
settings (Settings) : The 'Settings' object for the 'Context'.
start (Pivot type from mickes/PriceAction/1)
end (Pivot type from mickes/PriceAction/1)
AlertActive(context, settings)
Will alert for all zones that are active. If multiple alert messages are added they will be concatenated (separated by a new line) with a header saying how many messages the alert contains.
Parameters:
context (Context) : The 'Context' for the Fibonacci retracement. This contains the zones that will be alerted if price (wick or close according to the settings) enters it.
settings (Settings) : The 'Settings' object for the 'Context'.
TrendlineSettings
Holds all the values for 'TrendlineSettings'.
Fields:
Enabled (series bool) : If the trendline should be visible or not.
Color (series color) : The color of the trendline.
Style (series string) : The style of the trendline (as a string).
GenericZonesSettings
Holds all the values for 'GenericZonesSettings', that will be applicable to all drawn objects.
Fields:
ExtendRight (series bool) : If all lines should extend to the right or not.
Style (series string) : The style of all drawn lines
Reverse (series bool) : If true, all lines will be reversed.
Prices (series bool) : If price levels should be shown or not.
Levels (series bool) : If levels should be shown or not.
LevelsValue (series string) : Either 'Value' or 'Percent'. Defined if value or percentage should be shown.
FontSize (series int) : The for size of the text in labels drawn.
LabelsPosition (series string) : Coul be 'Left', 'Rigth' or 'Adapt'. 'Adapt' will try to adapt the labels position to the prices.
ZoneSettings
Holds all the values for 'ZoneSettings'.
Fields:
Enabled (series bool) : If this zone is enabled or not.
Level (series float) : The level of the zone.
Color (series color) : The color that will be displayed.
Price (series float) : The price of the level. Will be set internally.
Settings
Holds all the values for 'Settings'.
Fields:
PivotLeftLength (series int) : The left length used to find pivots through the 'MarketStructure' library.
PivotRightLength (series int) : The right length used to find pivots through the 'MarketStructure' library.
Trendline (TrendlineSettings) : The settings for the 'Trendline' object.
GenericZonesSettings (GenericZonesSettings) : The setting applicable to all zones.
AlertFrequency (series string) : The frequency for the alerts. If 'alert.freq_once_per_bar_close', alert messages will be concatenated and have a header saying how many messages it contains (if it's more than 1).
AlertPrice (series string) : The price that has to enter a zone. Can be 'Close' (the closing price) or 'Wick' (the whole candle needs to be in the zone).
Zone1 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone2 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone3 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone4 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone5 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone6 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone7 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone8 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone9 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone10 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone11 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone12 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone13 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone14 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone15 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone16 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone17 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone18 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone19 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone20 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone21 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone22 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone23 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Zone24 (ZoneSettings) : The 'ZoneSettings' that represents this zone.
Context
Holds all the values for 'Context'.
Fields:
Lines (array) : All the drawn lines for the current 'Context'.
Labels (array) : All the drawn labels for the current 'Context'.
Boxes (array) : All the drawn boxes for the current 'Context'.
Alerts (array) : All the alert messages on the current tick.
Start (series int) : The start bar index of the current 'Context'.
16. SMC Strategy with SL - low TimeframeOverview
The "SMC Strategy with SL - low Timeframe" is a comprehensive trading strategy that uses key concepts from Smart Money Theory to identify favorable areas in the market for buying or selling. This strategy takes advantage of price imbalances, support and resistance zones, and swing highs/lows to generate high-probability trade signals.
The key features of this strategy include:
Swing High/Low Analysis: Used to determine the Premium, Equilibrium, and Discount Zones.
Order Block Integration: An added layer of confluence to identify valid buy and sell signals.
Trend Direction Confirmation: Using a Simple Moving Average (SMA) to determine the overall trend.
Entry and Exit Rules: Based on price position relative to key zones and moving average, along with optional stop-loss and take-profit levels.
Detailed Description
Swing High and Swing Low Analysis
The script calculates Swing High and Swing Low based on the most recent price highs and lows over a specified look-back period (swingHighLength and swingLowLength, set to 8 by default).
It then derives the Premium, Equilibrium, and Discount Zones:
Premium Zone: Represents potential resistance, calculated based on recent swing highs.
Discount Zone: Represents potential support, calculated based on recent swing lows.
Equilibrium: The midpoint between Swing High and Swing Low, dividing the price range into Premium (above equilibrium) and Discount (below equilibrium) areas.
Zone Visualization
The strategy plots the Premium Zone (resistance) in red, the Discount Zone (support) in green, and the Equilibrium level in blue on the chart. This helps visually assess the current price relative to these important areas.
Simple Moving Average (SMA)
A 50-period Simple Moving Average (SMA) is added to help identify the trend direction.
Buy signals are valid only if the price is above the SMA, indicating an uptrend.
Sell signals are valid only if the price is below the SMA, indicating a downtrend.
Entry Rules
The script generates buy or sell signals when certain conditions are met:
A buy signal is triggered when:
Price is below the Equilibrium and within the Discount Zone.
Price is above the SMA.
The buy signal is further confirmed by the presence of an Order Block (recent lowest price area).
A sell signal is triggered when:
Price is above the Equilibrium and within the Premium Zone.
Price is below the SMA.
The sell signal is further confirmed by the presence of an Order Block (recent highest price area).
Order Block
The strategy defines Order Blocks as recent highs and lows within a look-back period (orderBlockLength set to 20 by default).
These blocks represent areas where large players (smart money) have historically been active, increasing the probability of the price reacting in these areas again.
Trade Management and Trade Direction
The user can set Trade Direction to either "Long Only," "Short Only," or "Both." This allows the strategy to adapt based on market conditions or trading preferences.
Based on the Trade Direction, the strategy either:
Closes open trades that are against new signals.
Allows only specific directional trades (either long or short).
Stop-loss levels are defined based on a fixed percentage (stop_loss_percent), which helps to manage risk and minimize losses.
Exit Rules
The strategy uses stop-loss levels for risk management.
A stop-loss price is set at a fixed percentage below the entry price for long positions or above the entry price for short positions.
When the price hits the defined stop-loss level, the trade is closed.
Liquidity Zones
The script identifies recent Swing Highs and Lows as potential liquidity zones. These are levels where price could react strongly, as they represent areas of interest for large traders.
The liquidity zones are plotted as crosses on the chart, marking areas where price may encounter significant buying or selling pressure.
Visual Feedback
The script uses visual markers (green for buy signals and red for sell signals) to indicate potential entries on the chart.
It also plots liquidity zones to help traders identify areas where stop hunts and liquidity grabs might occur.
Monthly Performance Dashboard
The script includes a performance tracking feature that displays monthly profit and loss metrics on the chart.
This dashboard allows the trader to see a visual representation of trading performance over time, providing insights into profitability and consistency.
The table shows profit or loss for each month and year, allowing the user to track the overall success of the strategy.
Key Benefits
Smart Money Concepts (SMC): This strategy incorporates SMC principles like order blocks and liquidity zones, which are used by institutional traders to determine potential market moves.
Zone Analysis: The use of Premium, Discount, and Equilibrium zones provides a solid framework for determining where to enter and exit trades based on price discounts or premiums.
Confluence: Signals are not taken in isolation. They are confirmed by factors like trend direction (SMA) and order blocks, providing greater trade accuracy.
Risk Management: By integrating stop-loss functionality, traders can manage their risks effectively.
Visual Performance Metrics: The monthly and yearly performance dashboard gives valuable feedback on how well the strategy has performed historically.
Practical Use
Buy in Discount Zone: Traders would be looking to buy when the price is discounted relative to its recent range and is above the SMA, indicating an overall uptrend.
Sell in Premium Zone: Conversely, traders would be looking to sell when the price is at a premium relative to its recent range and below the SMA, indicating an overall downtrend.
Order Block Confirmation: Ensures that buying or selling is supported by historical price behavior at significant levels, providing confidence that the market is likely to react at these areas.
This strategy is designed to help traders take advantage of price inefficiencies and areas where institutional traders are likely to be active, increasing the odds of successful trades. By leveraging Smart Money concepts and strong technical confluence, it aims to provide high-probability trade setups.
BOS/CHOCH Demand & SupplyThis indicator automatically identifies and plots Supply and Demand zones based on Smart Money Concepts (SMC) methodology. It detects structural breaks in price action and marks the origin zones that initiated these moves.
How It Works (Technical Methodology)
1. Swing Point Detection
The indicator uses Pine Script's ta.pivothigh() and ta.pivotlow() functions to identify swing highs and lows. Users can input multiple lookback periods (e.g., 1, 2, 3, 5, 11, 15, 20) to detect structure across different timeframe perspectives simultaneously.
2. Break of Structure (BOS) Detection
A Bullish BOS is confirmed when:
Current candle closes above the last swing high
Previous candle's high was still below that swing high
The current swing high is higher than the previous swing high (trend continuation)
A Bearish BOS is confirmed when:
Current candle closes below the last swing low
Previous candle's low was still above that swing low
The current swing low is lower than the previous swing low (trend continuation)
3. Change of Character (CHOCH) Detection
A Bullish CHOCH is confirmed when:
Price breaks above the last swing high
But that swing high was lower than the previous swing high (potential reversal signal)
A Bearish CHOCH is confirmed when:
Price breaks below the last swing low
But that swing low was higher than the previous swing low (potential reversal signal)
4. Inducement / Liquidity Grab Filter (Optional)
When enabled, zones are only drawn if the swing point that created them first grabbed liquidity from the previous swing:
For Demand zones: The swing low must have traded below the previous swing low before the bullish break
For Supply zones: The swing high must have traded above the previous swing high before the bearish break
This filter helps identify higher-probability zones where stop-losses were likely triggered before the move.
5. Zone Construction
Demand Zone (Bullish):
Top boundary: max(open, close) of the swing low candle
Bottom boundary: low of the swing low candle
Supply Zone (Bearish):
Top boundary: high of the swing high candle
Bottom boundary: min(open, close) of the swing high candle
This captures the candle body-to-wick range where institutional orders likely reside.
6. Zone Lifecycle Management
Active Zone: Displayed in green (demand) or red (supply)
Mitigated Zone: When price touches the zone but doesn't break it, the zone turns gray (indicating partial fill)
Broken Zone: When price fully breaks through the zone, it is automatically deleted from the chart
How to Use
Demand Zones (Green): Look for long entries when price returns to these zones. The zone represents where buying pressure previously overcame selling.
Supply Zones (Red): Look for short entries when price returns to these zones. The zone represents where selling pressure previously overcame buying.
BOS Zones: Indicate trend continuation - trade in the direction of the break.
CHOCH Zones: Indicate potential reversal - these are early warning signals of trend change.
Enable "Require Inducement" for higher-quality setups where liquidity was grabbed before the structural break.
Multi-Lookback Periods: Using multiple values helps identify zones across different structural levels. Smaller values catch minor structure; larger values catch major structure.
Disclaimer
This indicator is a technical analysis tool and should be used in conjunction with other forms of analysis. Past performance does not guarantee future results. Always use proper risk management.
Volume Cluster Support & ResistanceVolume Cluster Support & Resistance
This indicator identifies potential Support and Resistance (S/R) levels on the chart using Volume-Based Point of Control (POC) Clustering. It offers extensive customization for calculation parameters, display styles, and visualization options, including S/R zones, color gradients, and historical reaction markers.
How It Works
Volume Based S/R:
Scans the specified Clustering Lookback period for "High Volume Bars", defined as bars where volume exceeds the average volume (over Volume Lookback Period) multiplied by the High Volume Threshold Multiplier.
Calculates the Point of Control (POC) for each high-volume bar using hl2.
Clusters these high-volume bar POCs: POCs within a proximity defined by Cluster Proximity (ATR) (Average True Range multiplier) are grouped together.
Filters these clusters, requiring a Min Bars in Cluster to form a valid S/R zone.
(Image showing the indicator being used on the Bitcoin 5min chart)
The center price of valid clusters determines the S/R level. Clusters above the current price become potential Resistance, and those below become potential Support.
Calculates the offset based on the most recent bar included in the cluster.
Level Selection & Display:
The indicator identifies multiple potential S/R levels.
It then selects and displays the top Number of S/R Levels to Display support levels below the current price and resistance levels above the current price.
(Image showing the indicator on the GBP/USD 5min chart)
ATR Usage:
The Average True Range (ta.atr(14)) is used in two key areas:
Determining the proximity threshold for grouping POCs in the 'Volume Based' clustering (clusterProximityAtr).
Calculating the width of the S/R zones when 'Use Zone Visualization' is enabled (zoneAtrMultiplier).
Key Features & Components
Dual Calculation Methods: Choose between Pivot-based S/R or Volume-based POC clustering.
Volume Confirmation: Pivots require volume confirmation; Volume method directly analyzes high-volume bars.
POC Clustering: Groups high-volume areas to identify significant price zones.
Configurable Lookbacks: Adjust periods for volume averaging, pivot detection, and clustering analysis.
Dynamic S/R Display: Shows a configurable number of the most relevant S/R levels relative to the current price.
Optional Zone Visualization: Display levels as filled zones with configurable width (ATR-based), fill transparency, and border transparency. Includes a dashed center line.
Optional Historical Reactions: Mark past price interactions (lows bouncing off support zones, highs rejecting from resistance zones) directly on the chart (Warning: Can significantly impact performance).
Customizable Styling: Control line style (Solid, Dashed, Dotted), width, color (separate for Support & Resistance), and horizontal extension (None, Left, Right, Both).
Price Labels: Toggle visibility of price labels next to each S/R level/zone.
Visual Elements Explained
S/R Lines/Zones: Plotted lines or filled zones representing calculated support and resistance levels. Color-coded for Support (default green) and Resistance (default magenta).
Line/Zone Borders: Appearance controlled by Style settings (Style, Width, Extension). Can have a gradient color effect based on age if enabled.
Zone Fills: Semi-transparent fills for zones (if enabled), with configurable transparency. Fill color matches the border color (including gradient effect if enabled).
Zone Center Line: A thin, dashed line indicating the exact calculated S/R price within a zone.
Price Labels: Text labels showing the exact price of the S/R level.
Historical Reactions: Small dot markers appearing on historical bars where price potentially reacted to a displayed zone (only if Show Historical Reactions is enabled).
Configuration Options
Users can adjust the following parameters in the indicator settings:
Calculation Method: Select "Pivot Based" or "Volume Based".
Volume Zone Settings (Volume Based): Threshold multiplier, clustering lookback, cluster proximity (ATR), minimum bars per cluster.
Display Options: Toggle S/R visibility, price tags, set the number of levels to show.
Volume Settings: Volume lookback period, volume multiplier (for Pivot confirmation).
Style Settings: Line style, width, extension, support/resistance text and line colors, enable gradient coloring, set gradient start/end colors.
Zone Visualization: Enable/disable zones, set zone width (ATR multiplier), fill and border transparency, enable/disable historical reaction markers (performance warning).
Interpretation Notes
This indicator identifies potential areas of support and resistance based on historical price action and volume analysis. These levels are not guaranteed reversal points.
The 'Volume Based' method focuses on areas where significant trading activity occurred, while the 'Pivot Based' method focuses on price turning points confirmed by volume.
Use the displayed levels in conjunction with other technical analysis tools, price action patterns, and risk management strategies.
Be mindful of the performance impact when enabling Show Historical Reactions, especially on longer timeframes or with large lookback periods. The default setting is false for optimal performance.
The max_bars_back setting is optimized for performance; increasing it significantly may slow down chart loading.
Risk Disclaimer
Trading involves significant risk. This indicator is provided for analytical and educational purposes only and does not constitute financial advice or a trading recommendation. Past performance is not indicative of future results. Always use sound risk management practices and never trade with capital you cannot afford to lose.
Volume Range Profile with Fair Value (Zeiierman)█ Overview
The Volume Range Profile with Fair Value (Zeiierman) is a precision-built volume-mapping tool designed to help traders visualize where institutional-level activity is occurring within the price range — and how that volume behavior shifts over time.
Unlike traditional volume profiles that rely on fixed session boundaries or static anchors, this tool dynamically calculates and displays volume zones across both the upper and lower ends of a price range, revealing point-of-control (POC) levels, directional volume flow, and a fair value drift line that updates live with each candle.
You’re not just looking at volume anymore. You’re dissecting who’s in control — and at what price.
⚪ In simple terms:
Upper Zone = The upper portion of the price range, showing concentrated volume activity — typically where selling or distribution may occur
Lower Zone = The lower portion of the price range, highlighting areas of high volume — often associated with buying or accumulation
POC Bin = The bin (price level) with the highest traded volume in the zone — considered the most accepted price by the market
Fair Value Trend = A dynamic trend line tracking the average POC price over time — visualizing the evolving fair value
Zone Labels = Display real-time breakdown of buy/sell volume within each zone and inside the POC — revealing who’s in control
█ How It Works
⚪ Volume Zones
Upper Zone: Anchored at the highest high in the lookback period
Lower Zone: Anchored at the lowest low in the lookback period
Width is user-defined via % of range
Each zone is divided into a series of volume bins
⚪ Volume Bins (Histograms)
Each zone is split into N bins that show how much volume occurred at each level:
Taller = More volume
The POC bin (Point of Control) is highlighted
Labels show % of volume in the POC relative to the whole zone
⚪ Buy vs Sell Breakdown
Each volume bin is split by:
Buy Volume = Close ≥ Open
Sell Volume = Close < Open
The script accumulates these and displays total Buy/Sell volume per zone.
⚪ Fair Value Drift Line
A POC trend is plotted over time:
Represents where volume was most active across each range
Color changes dynamically — green for rising, red for falling
Serves as a real-time fair value anchor across changing market structure
█ How to Use
⚪ Identify Key Control Zones
Use Upper/Lower Zone structures to understand where supply and demand is building.
Zones automatically adapt to recent highs/lows and re-center volume accordingly.
⚪ Follow Institutional Activity
Watch for POC clustering near price tops or bottoms.
Large volumes near extremes may indicate accumulation or distribution.
⚪ Spot Fair Value Drift
The fair value trend line (average POC price) gives insight into market equilibrium.
One strategy can be to trade a re-test of the fair value trend, trades are taken in the direction of the current trend.
█ Understanding Buy & Sell Volume Labels (Zone Totals)
These labels show the total buy and sell volume accumulated within each zone over the selected lookback period:
Buy Vol (green label) → Total volume where candles closed bullish
Sell Vol (red label) → Total volume where candles closed bearish
Together, they tell you which side dominated:
Higher Buy Vol → Bullish accumulation zone
Higher Sell Vol → Bearish distribution zone
This gives a quick visual insight into who controlled the zone, helping you spot areas of demand or supply imbalance.
█ Understanding POC Volume Labels
The POC (Point of Control) represents the price level where the most volume occurred within the zone. These labels break down that volume into:
Buy % – How much of the volume was buying (price closed up)
Sell % – How much was selling (price closed down)
Total % – How much of the entire zone’s volume happened at the POC
Use it to spot strong demand or supply zones:
High Buy % + High Total % → Strong buying interest = likely support
High Sell % + High Total % → Strong selling pressure = likely resistance
It gives a deeper look into who was in control at the most important price level.
█ Why It’s Useful
Track where fair value is truly forming
Detect aggressive volume accumulation or dumping
Visually split buyer/seller control at the most relevant price levels
Adapt volume structures to current trend direction
█ Settings Explained
Lookback Period: Number of bars to scan for highs/lows. Higher = smoother zones, Lower = reactive.
Zone Width (% of Range): Controls how much of the range is used to define each zone. Higher = broader zones.
Bins per Zone: Number of volume slices per zone. Higher = more detail, but heavier on resources.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Price Action Analyst [OmegaTools]Price Action Analyst (PAA) is an advanced trading tool designed to assist traders in identifying key price action structures such as order blocks, market structure shifts, liquidity grabs, and imbalances. With its fully customizable settings, the script offers both novice and experienced traders insights into potential market movements by visually highlighting premium/discount zones, breakout signals, and significant price levels.
This script utilizes complex logic to determine significant price action patterns and provides dynamic tools to spot strong market trends, liquidity pools, and imbalances across different timeframes. It also integrates an internal backtesting function to evaluate win rates based on price interactions with supply and demand zones.
The script combines multiple analysis techniques, including market structure shifts, order block detection, fair value gaps (FVG), and ICT bias detection, to provide a comprehensive and holistic market view.
Key Features:
Order Block Detection: Automatically detects order blocks based on price action and strength analysis, highlighting potential support/resistance zones.
Market Structure Analysis: Tracks internal and external market structure changes with gradient color-coded visuals.
Liquidity Grabs & Breakouts: Detects potential liquidity grab and breakout areas with volume confirmation.
Fair Value Gaps (FVG): Identifies bullish and bearish FVGs based on historical price action and threshold calculations.
ICT Bias: Integrates ICT bias analysis, dynamically adjusting based on higher-timeframe analysis.
Supply and Demand Zones: Highlights supply and demand zones using customizable colors and thresholds, adjusting dynamically based on market conditions.
Trend Lines: Automatically draws trend lines based on significant price pivots, extending them dynamically over time.
Backtesting: Internal backtesting engine to calculate the win rate of signals generated within supply and demand zones.
Percentile-Based Pricing: Plots key percentile price levels to visualize premium, fair, and discount pricing zones.
High Customizability: Offers extensive user input options for adjusting zone detection, color schemes, and structure analysis.
User Guide:
Order Blocks: Order blocks are significant support or resistance zones where strong buyers or sellers previously entered the market. These zones are detected based on pivot points and engulfing price action. The strength of each block is determined by momentum, volume, and liquidity confirmations.
Demand Zones: Displayed in shades of blue based on their strength. The darker the color, the stronger the zone.
Supply Zones: Displayed in shades of red based on their strength. These zones highlight potential resistance areas.
The zones will dynamically extend as long as they remain valid. Users can set a maximum number of order blocks to be displayed.
Market Structure: Market structure is classified into internal and external shifts. A bullish or bearish market structure break (MSB) occurs when the price moves past a previous high or low. This script tracks these breaks and plots them using a gradient color scheme:
Internal Structure: Short-term market structure, highlighting smaller movements.
External Structure: Long-term market shifts, typically more significant.
Users can choose how they want the structure to be visualized through the "Market Structure" setting, choosing from different visual methods.
Liquidity Grabs: The script identifies liquidity grabs (false breakouts designed to trap traders) by monitoring price action around highs and lows of previous bars. These are represented by diamond shapes:
Liquidity Buy: Displayed below bars when a liquidity grab occurs near a low.
Liquidity Sell: Displayed above bars when a liquidity grab occurs near a high.
Breakouts: Breakouts are detected based on strong price momentum beyond key levels:
Breakout Buy: Triggered when the price closes above the highest point of the past 20 bars with confirmation from volume and range expansion.
Breakout Sell: Triggered when the price closes below the lowest point of the past 20 bars, again with volume and range confirmation.
Fair Value Gaps (FVG): Fair value gaps (FVGs) are periods where the price moves too quickly, leaving an unbalanced market condition. The script identifies these gaps:
Bullish FVG: When there is a gap between the low of two previous bars and the high of a recent bar.
Bearish FVG: When a gap occurs between the high of two previous bars and the low of the recent bar.
FVGs are color-coded and can be filtered by their size to focus on more significant gaps.
ICT Bias: The script integrates the ICT methodology by offering an auto-calculated higher-timeframe bias:
Long Bias: Suggests the market is in an uptrend based on higher timeframe analysis.
Short Bias: Indicates a downtrend.
Neutral Bias: Suggests no clear directional bias.
Trend Lines: Automatic trend lines are drawn based on significant pivot highs and lows. These lines will dynamically adjust based on price movement. Users can control the number of trend lines displayed and extend them over time to track developing trends.
Percentile Pricing: The script also plots the 25th percentile (discount zone), 75th percentile (premium zone), and a fair value price. This helps identify whether the current price is overbought (premium) or oversold (discount).
Customization:
Zone Strength Filter: Users can set a minimum strength threshold for order blocks to be displayed.
Color Customization: Users can choose colors for demand and supply zones, market structure, breakouts, and FVGs.
Dynamic Zone Management: The script allows zones to be deleted after a certain number of bars or dynamically adjusts zones based on recent price action.
Max Zone Count: Limits the number of supply and demand zones shown on the chart to maintain clarity.
Backtesting & Win Rate: The script includes a backtesting engine to calculate the percentage of respect on the interaction between price and demand/supply zones. Results are displayed in a table at the bottom of the chart, showing the percentage rating for both long and short zones. Please note that this is not a win rate of a simulated strategy, it simply is a measure to understand if the current assets tends to respect more supply or demand zones.
How to Use:
Load the script onto your chart. The default settings are optimized for identifying key price action zones and structure on intraday charts of liquid assets.
Customize the settings according to your strategy. For example, adjust the "Max Orderblocks" and "Strength Filter" to focus on more significant price action areas.
Monitor the liquidity grabs, breakouts, and FVGs for potential trade opportunities.
Use the bias and market structure analysis to align your trades with the prevailing market trend.
Refer to the backtesting win rates to evaluate the effectiveness of the zones in your trading.
Terms & Conditions:
By using this script, you agree to the following terms:
Educational Purposes Only: This script is provided for informational and educational purposes and does not constitute financial advice. Use at your own risk.
No Warranty: The script is provided "as-is" without any guarantees or warranties regarding its accuracy or completeness. The creator is not responsible for any losses incurred from the use of this tool.
Open-Source License: This script is open-source and may be modified or redistributed in accordance with the TradingView open-source license. Proper credit to the original creator, OmegaTools, must be maintained in any derivative works.
Supply and Demand StrategyOverview
This strategy is designed to identify key supply (resistance) and demand (support) zones on a price chart. These zones represent areas where the price has historically shown a significant reaction, either bouncing up from a demand zone or dropping down from a supply zone. The strategy provides clear entry and exit points for trades based on these zones.
Key Components
Supply and Demand Zones:
Supply Zone: An area where the price has reversed from an uptrend to a downtrend. It represents a high concentration of sellers.
Demand Zone: An area where the price has reversed from a downtrend to an uptrend. It represents a high concentration of buyers.
Time Frames:
Use higher time frames (like daily or weekly) to identify key supply and demand zones.
Use lower time frames (like 1-hour or 4-hour) to pinpoint precise entry and exit points within these zones.
Confirmation:
Use price action and candlestick patterns (like pin bars or engulfing patterns) to confirm potential reversals in these zones.
