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Developing Market Profile / TPO [Honestcowboy]The Developing Market Profile Indicator aims to broaden the horizon of Market Profile / TPO research and trading. While standard Market Profiles aim is to show where PRICE is in relation to TIME on a previous session (usually a day). Developing Market Profile will change bar by bar and display PRICE in relation to TIME for a user specified number of past bars. What is a market profile? "Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices." For education on market profiles I recommend you search the net and study some profitable traders who use it. Key Differences Does not have a value area but distinguishes each column in relation to the biggest column in percentage terms. Updates bar by bar Does not take sessions into account Shows historical values for each bar While there is an entire education system build around Market Profiles they usually focus on a daily profile and in some cases how the value area develops during the day (there are indicators showing the developing value area). The idea of trading based on a developing value area is what inspired me to build the Developing Market Profile. 🟦 CALCULATION Think of this Developing Market Profile the same way as you would think of a moving average. On each bar it will lookback 200 bars (or as user specified) and calculate a Market Profile from those bars (range). 🔹Market Profile gets calculated using these steps: Get the highest high and lowest low of the price range. Separate that range into user specified amount of price zones (all spaced evenly) Loop through the ranges bars and on each bar check in which price zones price was, then add +1 to the zones price was in (we do this using the OccurenceArray) After it looped through all bars in the range it will draw columns for each price zone (using boxes) and make them as wide as the OccurenceArray dictates in number of bars 🔹Coloring each column: The script will find the biggest column in the Profile and use that as a reference for all other columns. It will then decide for each column individually how big it is in % compared to the biggest column. It will use that percentage to decide which color to give it, top 20% will be red, top 40% purple, top 60% blue, top 80% green and all the rest yellow. The user is able to adjust these numbers for further customisation. The historical display of the profiles uses plotchar() and will not only use the color of the column at that time but the % rating will also decide transparancy for further detail when analysing how the profiles developed over time. Each of those historical profiles is calculated using its own 200 past bars. This makes the script very heavy and that is why it includes optimisation settings, more info below. 🟦 USAGE My general idea of the markets is that they are ever changing and that in studying that changing behaviour a good trader is able to distinguish new behaviour from old behaviour and adapt his approach before losing traders "weak hands" do. A Market Profile can visually show a trader what kind of market environment we currently are in. In training this visual feedback helps traders remember past market environments and how the market behaved during these times. Use the history shown using plotchars in colors to get an idea of how the Market Profile looked at each bar of the chart. This history will help in studying how price moves at different stages of the Market Profile development. I'm in no way an expert in trading Market Profiles so take this information with a grain of salt. Below an idea of how I would trade using this indicator: 🟦 SETTINGS 🔹MARKET PROFILING Lookback: The amount of bars the Market Profile will look in the past to calculate where price has been the most in that range Resolution: This is the amount of columns the Market Profile will have. These columns are calculated using the highest and lowest point price has been for the lookback period Resolution is limited to a maximum of 32 because of pinescript plotting limits (64). Each plotchar() because of using variable colors takes up 2 of these slots 🔹VISUAL SETTINGS Profile Distance From Chart: The amount of bars the market profile will be offset from the current bar Border width (MP): The line thickness of the Market Profile column borders Character: This is the character the history will use to show past profiles, default is a square. Color theme: You can pick 5 colors from biggest column of the Profile to smallest column of the profile. Numbers: these are for % to decide column color. So on default top 20% will be red, top 40% purple... Always use these in descending order Show Market Profile: This setting will enable/disable the current Market Profile (columns on right side of current bar) Show Profile History: This setting will enable/disable the Profile History which are the colored characters you see on each bar 🔹OPTIMISATION AND DEBUGGING Calculate from here: The Market Profile will only start to calculate bar by bar from this point. Setting is needed to optimise loading time and quite frankly without it the script would probably exceed tradingview loading time limits. Min Size: This setting is there to avoid visual bugs in the script. Scaling the chart there can be issues where the Market Profile extends all the way to 0. To avoid this use a minimum size bigger than the bugged bottom box
อินดิเคเตอร์ Pine Script™
โดย Honestcowboy
20
RSI Chart LevelsThe RSI Chart Levels shows you in a simple way where Support/Resistance might be. You want to make sure all settings are the same in the RSI that you are using with this overlay to be accurate. This is also good at spotting divergence in real-time. If price goes over the Higher High but the RSI hasn't gained a new Higher High it is showing divergence, vice versa for Lower Low. This overlay was created with the idea of RSI Divergence Scanner by zdmre indicator. Add his RSI and match the settings to the chart overlay. The default Zigzag is set to 7 which zdmre settings is different so change to whatever you prefer. Shoutout to zdmre original work!
อินดิเคเตอร์ Pine Script™
โดย RSI_Trading_Concepts
9
Predictive Ranges [LuxAlgo]The Predictive Ranges indicator aims to efficiently predict future trading ranges in real-time, providing multiple effective support & resistance levels as well as indications of the current trend direction. Predictive Ranges was a premium feature originally released by LuxAlgo in 2020. The feature was discontinued & made legacy, however, due to its popularity and reproduction attempts, we deemed it necessary to release it open source to the community. 🔶 USAGE The primary purpose of this indicator is to provide potential support & resistance levels on the chart by estimating future trading ranges. When the price reaches one of the upper/lower levels of the Predictive Ranges we can expect the price to reverse. If the price exits the predicted range, new levels are given in real-time & they do not repaint. Higher "Factor" values allow returning longer term and wider ranges less susceptible to be exited. 🔹 Estimating Trend Directions Users are able to easily estimate trend directions by looking at the central levels of the predictive ranges, which represent an estimate of the price central tendency. If this central level increases it means the price is up-trending, if it is decreasing price is down-trending. 🔶 SETTINGS Length: ATR Length used for the indicator calculation. Higher values will tend to return ranges of equal width. Factor: Control the ranges width. Higher values will return less frequent ranges, each having a higher width. Timeframe: Indicator timeframe output. Source: Input source of the indicator. It is recommended to use input sources on the same scale as the price.
อินดิเคเตอร์ Pine Script™
โดย LuxAlgo
53
Liquidity Sentiment Profile [LuxAlgo]The Liquidity Sentiment Profile is an advanced charting tool that measures by combining PRICE and VOLUME data over specified anchored periods and highlights within a sequence of profiles the distribution of the liquidity and the market sentiment at specific price levels. The Liquidity Sentiment Profile allows traders to reveal significant price levels, dominant market sentiment, support and resistance levels, supply and demand zones, liquidity availability levels, liquidity gaps, consolidation zones, and more based on price and volume data. Liquidity refers to the availability of orders at specific price levels in the market, allowing transactions to occur smoothly. 🔶 USAGE A Liquidity Sentiment Profile is a combination of a liquidity and a sentiment profile, where the right part of the profile displays the distribution of the traded activity at different price levels and the left part displays the market sentiment at those price levels. The Liquidity Sentiment Profiles are visualized with different colors, where each color has a different meaning. The Liquidity Sentiment Profiles aim to present Value Areas based on the significance of price levels, thus allowing users to identify value areas that can be formed more than once within the range of a single profile. Level of Significance Line - displays the changes in the price levels with the highest traded activity (developing POC) 🔶 SETTINGS The script takes into account user-defined parameters and plots the profiles, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip. 🔹 Liquidity Sentiment Profiles Anchor Period: The indicator resolution is set by the input of the Anchor Period, the default option is AUTO. 🔹 Liquidity Profile Settings Liquidity Profile: Toggles the visibility of the Liquidity Profiles High Traded Nodes: Threshold and Color option for High Traded Nodes Average Traded Nodes: Color option for Average Traded Nodes Low Traded Nodes: Threshold and Color option for Low Traded Nodes 🔹 Sentiment Profile Settings Sentiment Profile: Toggles the visibility of the Sentiment Profiles Bullish Nodes: Color option for Bullish Nodes Bearish Nodes: Color option for Bearish Nodes 🔹 Other Settings Level of Significance: Toggles the visibility of the Level of Significance Line Profile Price Levels: Toggles the visibility of the Profile Price Levels Number of Rows: Specify how many rows each profile histogram will have. Caution, having it set to high values will quickly hit Pine Script™ drawing objects limit and fewer historical profiles will be displayed Profile Width %: Alters the width of the rows in the histogram, relative to the profile length Profile Range Background Fill: Toggles the visibility of the Profiles Range 🔶 LIMITATIONS The amount of drawing objects that can be used is limited, as such using a high number of rows can display fewer historical profiles and occasionally incomplete profiles. 🔶 RELATED SCRIPTS 🔹 Buyside-Sellside-Liquidity 🔹 ICT-Concepts 🔹 Swing-Volume-Profiles
อินดิเคเตอร์ Pine Script™
โดย LuxAlgo
27
Dynamic Trailing Support & ResistanceDynamic Trailing Support & Resistance (DTSR) : Hello Traders !! DTSR is an objective dynamic support and resistance zone channel, Unlike subjective technical analysis DTSR finds S&R zones by calculating a range threshold within a given range over a specified lookback. FIB (Fibonacci) 38.2% and 61.8% retracement zones are also plotted for intermediate zones of resistance / support within the main resistance / support zones. Plots ▾ <=> Close or high >= Trailing Resistance ▴ <=> Close or low <= Trailing Support HH = The Highest High over the given Lookback period LL = Lowest Low over the given Lookback period Proximal Lines = The trailing S&R zones over the given lookback Distal Lines = The HH or LL over the given lookback DTSR Formula note : This idea is not original to me, and was inspired by another creators work
อินดิเคเตอร์ Pine Script™
โดย Amjad_S
Smooth Trail V1Please, enjoy your new game changing tradingview indicator, may I present you: the Smooth Trail (first version). The Smooth Trail is an indicator that works just like a super trend, but it has a completely different usage and potential. The super trend works following the price and displaying a line that uses the ATR to determine how far it has to be from the actual price, and many new trader like to use the indicator thanks to his easy readability and the buy sell signals that it shows, unfortunately this is not the best usage of the indicator and it often leads to lose money on the markets. The main characteristics that this indicator has is that, not like the normal super trend, it follow the trend the better adapting itself in the retracement phases. The second feature that dictate the best usage of this indicator, is that it shows a zone in which to buy or sell to have the best risk to reward ratio. The indicator also works as dynamic level of support and resistance and can be used the best for trend following strategies to maximize the profits. The first input, the multiplier, is used to determine how many times the ATR has to be added or subtracted in order to plot the indicator. The second input, the length, is used to determine how many candle the indicator and the ATR have to consider for the calculation. The third and last input, the zone width, is used to calculate the width of the zone displayed by the indicator, and is the factor that will be multiplied to the ATR, this means that if you leave the settings as default, the zone will be 1 ATR or 34 candle width. This indicator is great to use in confluence with other indicator or with various candlestick pattern.
อินดิเคเตอร์ Pine Script™
โดย OmegaTools
8
Yearly High & LowThe "Yearly High & Low" indicator shows the yearly high and low prices on the chart, providing you with key price levels for each year. It helps you identify significant price ranges and potential support and resistance areas. Features: Start Year and End Year: Define the starting and ending years to display the highs and lows within a specific period. Show Highs and Lows: Toggle the visibility of the yearly high and low lines to focus on specific price levels. Show Price: Display the price alongside the yearly high and low labels for precise price level identification. High Colour and Low Colour: Customise the colour of the yearly high and low lines to match your chart preferences.
อินดิเคเตอร์ Pine Script™
โดย SFR6
3
Supply and Demand Daily [LuxAlgo]The Supply and Demand Daily indicator displays daily supply and demand areas on the user's chart. These areas are constructed using the market data within a previous daily interval. This script makes use of the same logic as our previous Supply and Demand Visible Range indicator . 🔶 USAGE The supply/demand areas & levels displayed by the indicator aim to provide potential support/resistance levels for users. Supply areas highlight where buyers are willing to exit the market and sell the asset, thus providing resistance and potentially causing prices to reverse or bounce back downwards, while demand areas highlights where buyers were willing to purchase the asset, thus providing support and potentially causing prices to reverse or bounce back upwards. Historical areas allow the user to study the evolution of supply/demand from one day to another. Wider areas highlight prices avoiding reverting to this area, while thinner areas highlight prices returning more frequently to them. Trends can be determined by looking at the price position relative to the previous day's supply/demand areas. Price breaking down from the demand zone is indicative of a downtrend, while price breaking above the supply zone is indicative of an uptrend. Pullback/throwback scenarios can also be common using this indicator. 🔶 SETTINGS Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas. Resolution: Determines the number of bins used to find each area. Higher values will return more precise results. Intra-bar TF: Timeframe used to obtain intra-bar data. 🔶 RELATED SCRIPTS
อินดิเคเตอร์ Pine Script™
โดย LuxAlgo
39
Range H/L Buy and Sell SignalThe "Range H/L Buy and Sell Signal" indicator is designed to identify potential buy and sell signals based on a specified price range and market volatility. This indicator can be used in the TradingView platform to assist traders in making informed decisions. The indicator allows customization of several parameters to adapt to different trading strategies. These parameters include the start and end times for the price range, the volatility threshold, and the desired breakout conditions. To begin, the indicator calculates the range start and end timestamps based on the provided hours and minutes. This defines the time period within which the indicator will analyze price movements. Next, the indicator determines the highest high (High) and lowest low (Low) within the specified price range. These levels represent the upper and lower boundaries of the range and act as potential breakout points. Volatility is also taken into account to filter out false signals. The indicator calculates the true range and the average true range over a period of 14 bars. The true range measures the price range from the current high to low, while the average true range provides an indication of market volatility. Based on the breakout conditions and the volatility threshold, buy and sell signals are generated. A buy signal occurs when the closing price crosses above the High and the true range is greater than the volatility threshold multiplied by the average true range. Conversely, a sell signal is triggered when the closing price crosses below the Low and the true range exceeds the volatility threshold multiplied by the average true range. The indicator visually displays the High and Low levels as plotted lines on the chart. Additionally, it marks the buy signals with green labels labeled "BUY" below the corresponding bars and the sell signals with red labels labeled "SELL" above the bars. It is important to note that this indicator should be used in conjunction with other technical analysis tools and indicators for comprehensive market analysis. Trading always carries risks, and it is crucial to exercise caution and conduct thorough analysis before making any trading decisions. Divergent Trades LLC: Disclaimer: The information provided by the Divergent Trades LLC indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy, sell, or trade any financial instrument. Divergent Trades LLC is not responsible for any losses incurred as a result of using this indicator. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. Before making any investment decisions, please consult with a financial advisor and do your own due diligence. Past performance is not indicative of future results. By using the Divergent Trades LLC indicator, you acknowledge that you have read and understand this disclaimer and agree to its terms and conditions.
อินดิเคเตอร์ Pine Script™
โดย DivergentTrades
HTF Candle Support & Resistance «NoaTrader»This script uses higher timeframe candle's High, Low & Close as a source for drawing a line representing potential Supports and Resistances. The more lines you see on a level, probably the more important that level is. The script has a single input for setting the source candle's timeframe, so it can be used on any timeframe with the proper settings. For example, higher timeframes like weekly and monthly can use "3M" or "12M" settings, Daily timeframes with "W", or even lower timeframes like minutes and seconds with "240" and "60" (M means monthly candle, W is weekly, and numbers are for minutes.) As you can see on the code: Red lines represent candle's High. Green lines represent candle's Low. Blue lines represent candle's Close. Give it a try on different timeframes with different settings to see interesting gaps between lines!
อินดิเคเตอร์ Pine Script™
โดย NoaTrader
Market Structure CHoCH/BOS (Fractal) [LuxAlgo]The Market Structure CHoCH/BOS (Fractal) indicator is an experimental take on classical market structure, whereas fractal patterns are used for their construction instead of swing points. Compared to utilizing swing points for highlighting market structure like our Smart Money Concepts indicator , fractal-based market structure can appear as more adaptive, however, it can also be more restrictive when it comes to returning swing points which can cause the indicator to miss reversals in some cases. If enabled from within the settings, users can see support and resistance levels returned from the detected market structure with breakouts highlighted on the chart. Alongside this feature, an additional dashboard showing the structure to fractal structure percentage is also provided. 🔶 SETTINGS Length: Length of the fractal patterns to detect. 🔹 Style Bullish Structures: Show bullish structures. Bearish Structures: Show bullish structures. Support: Show support levels. Resistance: Show resistance levels. 🔹 Dashboard Show Dashboard: Show structure to fractal percentage dashboard on the chart. Location: Location of the dashboard on the chart. Size: Dashboard size. 🔶 USAGE Market structure is commonly used to determine trend direction by using price positions relative to prior swing points. Using fractal patterns to determine market structure can allow users to obtain shorter, more frequent structure labels. Market structure is commonly classified as follows: Change of Character (CHoCH), also referred to as Market Structure Shift (MSS) Break of Structure (BOS), also referred to as Market Structure Break (MSB) Change of Characters indicate a shift in the market trend, confirming trend reversals. Break of Structures on the other hand occur once a trend is already determined, confirming new higher highs/lower lows. Using higher length values allow users to detect longer-term fractals, thus highlighting longer-term market structures. The image above detects fractal patterns made of 7 candles, even if the increment is only of 2 bars this significantly reduces the amount of detected market structure labels. The result obtained by utilizing fractals and higher settings can be a more dynamic view of market structure, however, as seen in the image above this can introduce very significant delay compared to utilizing pure swing points. 🔹 Support/Resistance The indicator also returns support/resistance levels constructed from the market structure, these levels are obtained similarly to order blocks, finding the minimum on the interval of a bullish market structure and the maximum of a bearish market structure. Price reaching a support/resistance level can be expected to bounce from it. Once a level is broken, the support/resistance level will no longer extend, and a circle will be displayed highlighting the break. While utilizing this script for fractal-based market structure, these levels can be useful to ensure all swing points are still considered by the user with the possibility of the indicator missing reversals due to its calculation not being based on swing points themselves. 🔹 Dashboard The dashboard reports the structure to fractal percentage, that is the amount of bullish/bearish market structures relative to the total amount of detected bullish/bearish fractal patterns. This allows us to see how often a detected fractal pattern is used to display a market structure. 🔶 DETAILS 🔹 Fractals In the context of technical analysis, Fractals refer to specific patterns that exhibit self-similarity at different scales or timeframes. The most commonly known fractal pattern consists of a consecutive sequence of candles (more commonly 5), with the central candle being the lowest (in case of a bullish fractal) or highest (in case of a bearish fractal). A bullish fractal has candles on the right side of the central candle with increasing lows, while candles on the left side have decreasing lows. A bearish fractal has candles on the right side of the central candle with decreasing highs, while candles on the left side have increasing highs. 🔶 RELATED SCRIPTS 🔹 Smart Money Concepts 🔹 Market Structure Trailing Stop 🔹 ICT Concepts
อินดิเคเตอร์ Pine Script™
โดย LuxAlgo
32
Displacement (Two FVGs)A simple indicator that attempts to identify displacement in price by alerting you when two simultaneous Fair Value Gaps (FVGs) occur. When two fair value gaps occur, the indicator will print a green bar (if bullish) or a red bar (if bearish). If you right click on the indicator you can turn on alerts that will pop up every time a dual FVG occurs. Fair Value Gaps are most commonly used amongst price action traders and are defined as instances in which there are inefficiencies, or imbalances, in the market. The concept for this indicator is very simple. Apply it to your chart and enable alerts on the instruments and timeframe you trade. When you get an alert, it could indicate larger players getting involved. This is NOT a trading strategy. Its intention is to save time by alerting you to large imbalances in price on the instruments you trade.
อินดิเคเตอร์ Pine Script™
โดย elScipio
2
Broadening Formations [QuantVue]Broadening formations are common chart patterns observed by technical traders. A broadening formation is formed when the volatility of an asset increases, thus expanding the range of its price resulting in higher highs and lower lows. The Broadening Trendline indicator, works by looking for pivot points where a higher high or lower low is made compared to the previous pivot point. If a top and bottom line are detected a broadening formation is formed. Indicator includes alerts, custom colors and styles, the ability to see previous trendlines, and notifications when a trendline is crossed. Don't hesitate to reach out with any questions or concerns. We hope you enjoy! Cheers.
อินดิเคเตอร์ Pine Script™
โดย QuantVue
5
Market Structure & Price Action Toolkit (Expo)█ Overview This comprehensive Market Structure and Price Action toolkit integrates pioneering price action concepts, including fractal-based market structure, grid-price action system, retail and institutional levels/zones, liquidity concepts, and a plethora of advanced customization options to give you a trading advantage via price action automatically. Different from traditional technical indicators, which can be lagging, complex, and cluttered, this indicator focuses solely on raw price data to deliver accurate and real-time insights. All the features in this script originate exclusively from price action, concentrating on fractals-based swing highs, swing lows, and market structure. This enables users to automate their price action analysis across any market or timeframe. The toolkit focuses on the real-time application of price data rather than historical data to ensure its usefulness for price action and smart money (ICT) traders. With this indicator, users can automate their price action analysis across various markets and timeframes, gaining a significant edge in their trading strategies. █ Features and How They Work █ Trading Systems Market Structure: Market Structure deals with the interpretation of price action that forms the market structure, focusing on understanding key shifts and changes in the market that may indicate where 'smart money' (large institutional investors and professional traders) might be moving in the market. This feature is based on real-time fractals instead of static pivot points. Fractals are based on the idea that markets are patterned, and those patterns repeat themselves on all scales – hence, the term "fractal", which means "fraction of the whole". The function uses fractal zones that refer to areas where the price is likely to experience a change in direction. These zones are identified by observing a series of fractal points. Grid: The grid system works similarly to the market structure but displays the data as a grid of support and resistance zones. This is a new and unique approach to understanding market structure. It might be a more convenient way for traders to understand how to act. █ Retail Zones Support/Resistance: Support and Resistance zone are often seen and displayed with a delay. This feature is 100% real-time and displays SR levels as the price reacts and forms new highs and lows. Confirmed Support/Resistance: As the name suggests, the confirmed zone is first displayed on the chart when the price has reacted to a high/low formation over x period of time. This feature is handy to trade retest after breakouts of the zone. We wanted to keep the retail zones simple regarding how they work and function to help all kinds of traders understand how to use them. █ Institutional Zones Supply/Demand: Calculating supply and demand in its raw form is challenging due to the complexity and dynamism of financial markets. However, the function uses several concepts to gauge supply and demand levels. Buying and Selling pressure: The buying pressure represents the highest price point (over x period and volume), while the selling pressure price represents the lowest price point (over x period and volume). The gap between the two is known as the buying/selling pressure spread. A narrow spread often signifies high liquidity and balanced supply and demand, while a wider spread might indicate imbalances. Price Trends: Upward price movements indicate higher demand, while downward trends may suggest increased supply. Order blocks: Order blocks are similar to supply/demand, and the main difference is that an order block is created at specific price action and market structure patterns. █ How to use the Market Structure Toolkit Market Structure Market Structure + Confirmed S/R Grid System Demand Zone Supply Zone Order Block Support/Resistance Zones Confirmed Support/Resistance Zone Retest of SR Levels █ Why Use Price Action and Market Structure A comprehensive trading strategy often involves using both price action and market structure. Traders can use price action to understand the immediate behavior of the price and market structure to understand the broader context within which the price is moving. Market Structure combined with Price Action refers to the observable pattern of price movement. Traders use this structure to identify trend direction (up, down, or sideways), market phase (trend or range), and key price levels (like support and resistance). Here are some core concepts within price action trading: Trend Identification: This is a fundamental aspect of price action trading. By simply looking at the raw price data on a chart, traders can identify whether the instrument is in an uptrend (making higher highs and higher lows), a downtrend (making lower highs and lower lows), or ranging sideways. Support and Resistance Levels: These are horizontal lines drawn on a chart where the price has historically had difficulty moving beyond. Support is a price level where buying pressure is strong enough to prevent the price from falling further, while resistance is a level where selling pressure is strong enough to prevent further price increases. Candlestick Patterns: Price action traders rely heavily on candlestick patterns, which can provide a lot of information about market sentiment. Chart Patterns: In addition to individual candlestick patterns, price action traders often look for larger chart patterns like double tops/bottoms, triangles, wedges, head and shoulders patterns, and more. These patterns can take longer to form but can also provide insight into potential price movement. Price Zones: Rather than exact price levels, many price action traders consider zones of support and resistance, understanding that market behavior isn't always perfectly precise. A zone might cover a small range of prices at which the market has repeatedly reversed in the past. The idea behind price action trading is that the price itself can provide clues to what the market might do next. Traders who follow this approach believe that price is the final determinant of value and contains all the information needed. █ Any Alert Function Call This function allows traders to combine any feature and create customized alerts. These alerts can be set for various conditions and customized according to the trader's strategy or preferences. █ In conclusion, This toolkit is particularly useful for price action and smart money traders, as it prioritizes real-time application of price data, which in turn allows a more responsive and informed decision-making process in trading. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. 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. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
อินดิเคเตอร์ Pine Script™
โดย Zeiierman
110
Supply and Demand Deluxe (Stock Justice)Introducing " Supply and Demand Deluxe (Stock Justice) " - the ultimate TradingView indicator that revolutionizes how traders identify crucial supply and demand levels. With its unrivaled capabilities across multiple timeframes, this indicator offers a comprehensive toolkit for traders seeking an edge in the market. To fully harness the power of "Supply and Demand Deluxe," traders can fine-tune the indicator's input parameters to suit their preferences and trading strategies. Let's delve into the key components and functionalities that make this indicator truly exceptional: Daily and Weekly Pivots : The indicator empowers you to plot vital reference points, including the previous week's high and low, yesterday's high and low, and the midpoint of yesterday's range. These plots provide invaluable insights into market sentiment and potential turning points. Weekly Supply and Demand Levels : Regardless of what timeframe you are looking at, this indicator allows you to unlock the ability to plot weekly supply and demand levels directly on your chart. Enjoy the freedom to customize the number of levels to plot, choose line colors and styles, and decide whether to extend the lines. For a more comprehensive analysis, enable the "Show Price" option to view the associated prices. Daily Supply and Demand Levels : Similar to the weekly levels, this feature allows you to plot daily supply and demand levels with ease. Tailor the number of levels, line colors, and styles to your preferences. The "Extend Left" and "Extend Right" options provide flexibility in determining whether the lines extend to the left, right, or both. Enable the "Show Price" option to display the corresponding prices, enhancing your decision-making process. Hourly Supply and Demand Levels : Effortlessly plot hourly supply and demand levels on your chart. The indicator automatically identifies these levels based on the highest and lowest values of previous ranges. Customize the number of levels, line colors, and styles to match your visual preferences. As with the previous features, you can display prices associated with these levels, amplifying your trading insights. ATR Expected Moves : Gain a deeper understanding of potential price moves with the ATR Expected Moves feature. Based on the Average True Range (ATR), this functionality allows you to plot expected price ranges. Adjust the lookback length and multipliers to fine-tune the calculation according to your trading style. With the flexibility to extend lines, choose colors and line styles, and display prices, you can adapt the indicator to your specific needs. Futures Levels : For futures traders, "Supply and Demand Deluxe" provides specific levels for the Midnight Open, London Open, Asian Open, and the 8:30am EST level. These pre-defined levels act as valuable reference points, enabling you to navigate futures markets with confidence. By incorporating these cutting-edge features, the Supply and Demand Deluxe indicator by Stock Justice empowers traders to identify key supply and demand levels across various timeframes. Its customizable visual elements and adaptable parameters allow traders to align the indicator with their unique trading strategies, amplifying their potential for success. //////////////////////// UNIQUENESS //////////////////////// This one-of-a-kind indicator stands out from existing tools in the market due to its unparalleled combination of features and customization options. While other indicators may focus on specific aspects of supply and demand analysis, "Supply and Demand Deluxe (Stock Justice)" brings together a comprehensive suite of tools that cater to traders across various timeframes. From daily and weekly pivots to hourly supply and demand levels, this indicator covers a wide range of trading scenarios, allowing users to gain a holistic view of market dynamics. What truly sets "Supply and Demand Deluxe" apart is the fact that it is its emphasis on customization. Traders have the freedom to fine-tune every aspect of the indicator, from the number of plotted levels to the colors, line styles, and extension options. By providing such extensive customization capabilities, this indicator enables traders to align it precisely with their unique trading strategies and preferences. Whether you're an aggressive short-term trader or a patient long-term investor, "Supply and Demand Deluxe" adapts to your individual style, empowering you to make well-informed trading decisions. Furthermore, the incorporation of the ATR Expected Moves feature adds an extra layer of sophistication to this indicator. By leveraging the Average True Range, traders can gain insights into expected price ranges, enhancing their risk management and trade planning. The ability to adjust the lookback length and multipliers ensures that traders can adapt the ATR calculations to suit their desired level of precision. This feature, combined with the indicator's visual plots and customizable elements, sets "Supply and Demand Deluxe (Stock Justice)" in a league of its own, providing traders with an edge in understanding and navigating the market. In summary, the uniqueness of "Supply and Demand Deluxe (Stock Justice)" lies in its comprehensive approach to supply and demand analysis, its extensive customization options, and the incorporation of the ATR Expected Moves feature. With its ability to cater to traders across various timeframes and adapt to individual trading styles, this indicator empowers users to unlock the full potential of supply and demand analysis and make informed trading decisions with confidence. //////////////////////// Embrace the future of trading with "Supply and Demand Deluxe (Stock Justice)" and unleash the full potential of supply and demand analysis in your trading endeavors. Elevate your trading journey with this game-changing indicator.
อินดิเคเตอร์ Pine Script™
โดย StockJustice
4
Session Bar Color (US Time)This script is designed to change the color of bars on a trading chart based on different trading sessions in Eastern Time (ET). It is different from currently published scripts in that it specifically focuses on US time sessions and provides a customizable approach to defining and coloring each session. To use this script, you can apply it to a chart by selecting it from the list of available indicators or overlays. The script is meant for traders who are interested in visualizing different trading sessions on their charts. By coloring the bars based on session boundaries, it can help traders quickly identify session changes and potentially adjust their trading strategies accordingly. Mostly it's used to draw the high and low zones of each session. The markets this script is suitable for are those that operate within the US time zones, as it specifically focuses on Eastern Time (ET) sessions. It can be used for various types of markets, including stocks, futures, and forex. The conditions for each session are defined using the input. session function, which allows you to specify the start and end times for each session. The script includes four sessions: Asian, London, USA, and New York. By modifying the defval parameter for each session input, you can customize the session times to fit your specific trading preferences or time zone. The script uses the time function to check if the current bar falls within a particular session. If the condition is met, it sets the color of the bar using the bar color function. Each session is assigned a different color: black for the Asian session, teal for the London session, a custom RGB color (dark red) for the USA session, and red for the New York session. It's important to note that this script assumes the time zone of the trading platform is set to "Etc/GMT+4" to align with Eastern Time (ET). If your platform uses a different time zone, you may need to adjust the time function calls to match your desired time zone.
อินดิเคเตอร์ Pine Script™
โดย Almureqeeb
1
Support & Resistance ParserI've created a user-friendly trading indicator that interprets and visually presents support and resistance levels, transforming raw data into actionable insights. Here's a glimpse of what you might encounter: Today's trigger points (ES) Support: 4264.5,4220.75,4131.5,4164.5,3980.75,4182.5,4174.25,4120,4112.25,4089.25,4085.75 Resistance: 4299.75,4304.5,4316.75,4345.25,4331.75 This is how it works: 1. Copy the series of support and resistance figures, ie just the comma separated numbers 2. Paste each series into their respective setting in the indicator. 3. The indicator parses the data, understanding the sequence and importance of each figure. 4. It then draws the corresponding support and resistance lines on your trading chart. Chart would appear similar to the following: This tool distinguishes itself with its user-friendly features. Each line comes with adjustable labels, enabling users to personalize their visualization. This makes the data more intuitive and easier to comprehend, enhancing decision-making during trades. Note: The indicator includes limited error handling capabilities. Make the most out of your trading journey with this intuitive and customizable tool, specifically designed to turn raw data into valuable trading insights.
อินดิเคเตอร์ Pine Script™
โดย CaptainBrett
Best Support And Resistance Indicator V1 [ForexBee]This Indicator Identifies and draws the support and resistance Zones On the Chart 🔶Overview The support and resistance indicator is a technical indicator that will plot the support zone and resistance zone on the candlestick chart. It determines the price touches to find the strong support resistance zones. The support and resistance indicator is the most basic technical analysis in trading. Instead of drawing zones manually, this indicator can save you time by plotting zones automatically. 🔶Working There are specific characteristics of a valid support and resistance zone. Price always bounces upward from the support zone while it bounces downward from the resistance zone. On the other hand, when a breakout of the support or resistance zone happens, the price trends toward the breakout. 🔶Valid support zone When the price touches a zone two to three times and bounces in a bullish direction, it is a good support zone. The main point is that you should always find the bounces in clear price swings. The touches or bounces of the price must not be in the form of a choppy market. Price always moves in the form of swings or waves. 🔶Valid resistance zone When the price touches a zone two to three times with a bounce in a bearish direction, then a valid resistance zone forms. Here the price bounces must be in the form of swings or waves. You must avoid a choppy market. So the support and resistance zone indicator finds these parameters on the chart and draws only valid zones. 🔶Settings of indicator There are two inputs available in the indicator. Number of bars for swing The number of bars for the swing bars represents the size of the swing for a valid support or resistance touch. This parameter helps to filter the ranging price. the default value is 10. Number of Tests for valid support and resistance In this indicator, the number of pivots represents the support or resistance touches. so if you select the number 3, the indicator will only draw a zone with three touches. 🔶Features There are the following features that this indicator identifies automatically, so you don’t need to do manual work. Identify the valid support and resistance zones Add the confluence of swings or waves during zone identification Choppy market filter We are also adding the feature of a candlestick pattern at the zone, which will be added in the next update.
อินดิเคเตอร์ Pine Script™
โดย ForexBee
6
Trendline Pivots [QuantVue]Trendline Pivots The Trend Line Pivot Indicator works by automatically drawing and recognizing downward trendlines originating from and connecting pivot highs or upward trendlines originating from and connecting pivot lows. These trendlines serve as reference points of potential resistance and support within the market. Once identified, the trend line will continue to be drawn and progress with price until one of two conditions is met: either the price closes(default setting) above or below the trend line, or the line reaches a user-defined maximum length. If the price closes(default setting) above a down trend line or below an up trend line, an "x" is displayed, indicating the resistance or support has been broken. At the same time, the trend line transforms into a dashed format, enabling clear differentiation from active non-breached trend lines. This indicator is fully customizable from line colors, pivot length, the number lines you wish to see on your chart and works on any time frame and any market. Don't hesitate to reach out with any questions or concerns. We hope you enjoy! Cheers.
อินดิเคเตอร์ Pine Script™
โดย QuantVue
39
Volume Profile Bar-Magnified Order Blocks [MyTradingCoder]Introducing "Volume Profile Bar-Magnified Order Blocks", an innovative and unique trading indicator designed to provide traders with a comprehensive understanding of market dynamics. This tool takes the concept of identifying order blocks on your chart and elevates it by integrating a detailed volume profile within each order block zone. Unlike standard order block indicators, Volume Profile Bar-Magnified Order Blocks pulls data from lower timeframe bars and assigns it to various segments of the order block. By providing this volume profile inside the order block, the indicator supplies a deeper, multi-dimensional view of market activity that can enhance your trading decisions. Crucially, users have the ability to fine-tune the detection of order blocks. This is made possible through a single input setting called "Tuning". This integer value allows you to control the significance and frequency of the order blocks. Higher numbers will produce more significant order blocks, though they will appear less frequently. Lower numbers, on the other hand, will yield less significant order blocks, but they will occur more often. This enables you to adjust the sensitivity of the indicator according to your specific trading strategy and style. Key Settings: Number of Segments: Customize the level of detail in your volume profile by selecting the number of segments you want inside each order block. Tuning: Adjust the sensitivity of order block detection to align with your trading strategy. Higher values produce more significant but less frequent order blocks, while lower values yield less significant but more frequent order blocks. Color Inputs: Personalize the look of your chart by selecting the colors for various elements of the indicator. This ensures a seamless integration with your current chart aesthetics and improves visual clarity. Here is a s creenshot that beautifully demonstrates the power of this indicator. You'll see how the price rejects perfectly off the highest volume segment in an order block, showcasing the indicator's potential for pinpointing high-impact price levels. While Volume Profile Bar-Magnified Order Blocks offers many unique features, it should be used in conjunction with other indicators and forms of analysis for a complete trading strategy. As with all tools, it does not guarantee profitable trades but is intended to give traders more information to base their decisions on. Use it to complement your existing analysis and enhance your understanding of market behavior. Experience a new level of clarity in your trading with Volume Profile Bar-Magnified Order Blocks - an indicator that goes beyond the surface to help you navigate the markets more effectively.
อินดิเคเตอร์ Pine Script™
โดย MyTradingCoder
143
Scalp Tool This script is primarily intended as a scalping tool. The theory of the tool is based on the fact that the price always returns to its mean. Elements used: 1. VWMA as a moving average. VWMA is calculated once based on source close and once based on source open. 2. the bands are not calculated like the Bollinger Band, but only a settlement is calculated for the lower bands based on the Lows and for the upper bands based on the Highs. Thus the bands do not become thicker or thinner, but remain in the same measure to the mean value above or below the price. 3. a volume filter on simple calculation of a MA with deviation. Therefore, it can be identified if a volume breakout has occurred. 4. support and resistance zones which are calculated based on the highs and lows over a certain length. 5. RSI to determine oversold and overbought zones. It also tries to capture the momentum by using a moving average (variable selectable) to filter the signals. The theory is that in an uptrend the RSI does not go below 50 and in a downtrend it does not go above 50. However, this can be very different depending on the financial instrument. Explanation of the signals: The main signal in this indicator Serves for pure short-term trading and is generated purely on the basis of the bands and the RSI. Only the first bands are taken into account. Buy signal is generated when the price opens below the lower band 1 and closes above the lower band 1 or the RSI crosses a value of 25 from bottom to top. Sell signal is generated when the price opens above the Upper Band 1 and closes below the Upper Band 1 or the RSI crosses a value of 75 from top to bottom. The position should be closed when the price hits the opposite band. Alternatively, it can also be closed at the mean. Other side signals: 1. breakouts: The indicator includes 2 support and resistance zones, which differ only in length. For the breakout signals, the short version of the R/S is used. A signal is generated when the price breaks through the zones with increased volume. It is then assumed that the price will continue to follow the breakout. The values of the S/R are adjustable and marked with "BK". The value under Threshold 2 defines the volume breakout. 4 is considered as the highest value. The smaller the value, the smaller the volume must be during a breakout. 2. bounce If the price hits a S/R (here the long variant is used with the designation "Support" or "Resistance") and makes a wick with small volume, the script assumes a bounce and generates a Sell or Buy signal accordingly. The volume can be defined under "Threshold". The S/R according to the designation as well. Combined signals: If the value of the S/R BK and the S/R is the same and the bounce logic of the S/R BK applies and an RSI signal is also generated, a signal is also plotted. Here the idea was to get very strong signals for possible swing entries. 4. RSI Signals The script contains two RSI. RSI 1: Bullish signal is generated when the set value is crossed from the bottom to the top. Bearish signal is generated when the set value is crossed from the top to the bottom. RSI 2: Bullish signal is generated when the set value is crossed from the top to the bottom. Bearish signal is generated when the set value is crossed from bottom to top. For RSI 2 the theory is taken into account according to the description under Used elements point 5 Optical trend filter: Also an optical trend filter was generated which fills the bands accordingly. For this the VWMA is used and the two average values of the band. Color definition: Gray = Neutral Red = Bearish Green = Bullish If the mean value is above the VWMA and the mean value based on the closing price is above the mean value based on the open price, the band is colored green. It is a bullish trend If the mean value is below the VWMA and the mean value based on the closing price is below the mean value based on the open price, the band is colored red. The band is colored gray if the mean value is correspondingly opposite. A sideways phase is assumed. The script was developed on the basis of the pair BTCUSD in the 15 minute chart and the settings were defined accordingly on it. The display of S/R for forex pairs does not work correctly and should be hidden. The logic works anyway. When using the script, all options should first be set accordingly to the asset and tested before trading afterwards. It applies of course also here that there is no 100% guarantee. Also, a strong breakout leads to false signals and overheating of the indicator.
อินดิเคเตอร์ Pine Script™
โดย Demech
4
Sessions[Lenny Kiruthu]The script below is designed to show up to 4 different trading sessions i.e. London, New York, Tokyo and Sydney sessions, it also displays the days each session is taking place in as well as two horizontal lines one for the previous days high and the other for the previous days low. It also displays a table that shows the user the highest and lowest price for 4 different currency pairs the previous day as well as their current prices and below it a confirmation row that shows whether price is currently above, below or within yesterdays range. Note that it only states "High Broken" or "Low Broken" if the current close is above or below the lines. What you can change Your time zone for example GMT -4 or GMT +3 The session start and end time The colors, border type and border width of the session ranges Displaying the table Ability to choose the 4 symbols to view on the table
อินดิเคเตอร์ Pine Script™
โดย Lenny_Kiruthu
8
Key Levels (Open, Premarket, & Yesterday)OVERVIEW This indicator automatically identifies and draws recent high-probability support and resistance levels (recent key levels). Specifically, yesterdays highs / lows, premarket highs / lows, as well as yesterdays end of day Volume Weighted Average Price and trader specified Moving Average. This is most useful on charts with intraday time frames (1 minute, 5 minute etc.) commonly used for day trading. This is not ideal for larger time frames (greater than 1 hour) commonly used for swing trading or identifying larger trends. INPUTS You can configure: Line size, style, and colors Label colors Which key levels you want to see Moving Average Parameters Market Hours and Time Zone DEV NOTES This script illustrates: A method for iterative management of more complex data objects (not just discrete values) with loops and arrays.
อินดิเคเตอร์ Pine Script™
โดย liquid-trader
215