Options Risk Manager v2.2.0 - Priority 7 CompleteScript Description for TradingView Publication
Options Risk Manager v2.2.0 - Priority 7 Complete
What does this script do?
Options Risk Manager v2.2.0 is a comprehensive position management system designed specifically for options traders. The indicator calculates precise stop loss levels, risk/reward targets, and position sizing based on user-defined risk parameters. It provides real-time profit/loss tracking, options Greeks monitoring, and automated alert systems for critical price levels.
The script displays entry points, stop losses, and profit targets directly on the chart while continuously calculating position metrics including dollar risk, account exposure, and probability of success. Version 2.2.0 introduces Priority 7 advanced alerts with dynamic risk warnings and multi-condition notifications.
How does it do it?
The script performs several key calculations:
1. Risk-Based Stop Loss Calculation - Determines stop loss levels based on percentage of entry price, automatically adjusting for calls versus puts. Put positions place stops above entry, while calls place stops below.
2. Position Sizing Algorithm - Calculates optimal contract quantities using account size, risk
percentage, and stop distance to ensure consistent risk per trade regardless of underlying price.
3. Options-Specific P&L Tracking - Incorporates Delta, Gamma, Vega, and Theta to provide accurate profit/loss calculations for options positions, including time decay effects.
4. Three-Phase Trade Management - Implements systematic position management through Entry
Phase (initial risk), Profit Phase (approaching target), and Trailing Phase (EMA-based exit
management).
5. Multi-Level Alert System - Monitors price action, Greeks thresholds, time decay acceleration, and account risk levels to generate context-aware notifications.
How to use it?
Initial Setup:
1. Apply indicator to any optionable security
2. Toggle "In Position" ON when entering a trade
3. Set Direction (Call/Put) and Side (Long/Short)
4. Enter the underlying price at position entry
5. Specify number of contracts and risk percentage
Position Management:
Blue line shows entry price
Red line indicates stop loss level
Orange line displays risk/reward target
Purple EMA line activates after target hit
Monitor real-time P&L in trade panels
Alert Configuration:
Enable Advanced Alerts in settings
Set profit/loss notification thresholds
Configure Greek-based warnings
Activate time decay alerts for expiration
Risk Parameters:
Risk % determines stop distance from entry
Account Value sets position sizing limits
Contract Multiplier (standard = 100)
R:R Ratio defines profit targets
What makes it unique?
Options Risk Manager addresses the specific challenges of options trading that generic indicators miss. The script accounts for the inverse relationship in put options (profiting from price declines), incorporates Greeks for accurate P&L calculations, and provides options-specific limit orders for TradeStation integration.
The three-phase management system removes emotional decision-making by defining clear rules for position management. Phase transitions occur automatically based on price action, shifting from initial risk management to profit protection to trend-following modes.
Version 2.2.0's Priority 7 alert system provides intelligent notifications that include live metrics, risk warnings, and market context rather than simple price crosses.
Key Features Summary
Options-Specific Calculations - Proper handling of calls/puts with inverse relationships
Risk-Based Position Sizing - Consistent risk regardless of underlying price
Greeks Integration - Delta, Gamma, Vega, Theta for accurate tracking
Phase Management System - Systematic three-stage position handling
Advanced Alert System - Context-aware notifications with metrics
TradeStation Integration - Option limit orders for execution
Visual Risk Display - Clear chart overlays for all levels
Probability Calculator - Win/loss probability with expected value
Multi-Account Support - Scales from small to large accounts
Important Notes
This indicator requires manual input of option prices and Greeks (available from your broker's option chain). It functions as a risk management overlay and does not generate entry signals. The calculations assume standard options contracts of 100 shares.
Designed for TradeStation platform with full functionality. Basic features available on other platforms
without options data integration. Always verify calculations with your broker's risk system before placing
trades.
Ciclos
Dynamic Auto RangesBrief Overview:
The "Dynamic Auto Ranges" indicator automatically detects and displays dynamic price range levels around the current market price. This indicator was initially designed and optimized for price movements on Nasdaq, but may also be useful for other instruments with input adjustments. Its purpose is to help traders identify potential support/resistance zones or other key price levels in an adaptive manner. All range lines and their labels are displayed in red for clear visibility.
Key Features:
Automatic Main Range Detection: The indicator intelligently calculates a primary price range block (e.g., 21600-21800) based on the real-time price.
Adjustable Main Range Block Size: Users can select the size of this main range block via settings (e.g., 50, 100, 200, 500 points, etc.), allowing flexibility for various instruments and trading styles.
Automatic Subdivisions: Within the detected dynamic main range, the indicator automatically draws subdivision lines at intervals that are also user-configurable (e.g., every 25 points).
Full Horizontal Lines: All range lines are displayed as full horizontal lines extending to both the left and right sides of the chart (extend.both), providing a clear visualization of levels across history and into the future.
Informative Price Labels: Each subdivision line is accompanied by a clear price label, positioned below the line for easy readability. The label text size has also been adjusted to be larger and more visible (size.small).
Contrasting Red Visuals: Lines and price label text are displayed in red to ensure they stand out on your chart.
Line Style Configuration: Users can customize the line style (Solid, Dashed, Dotted) and the line width for general subdivisions, as well as for the main boundaries of the range block.
Real-time Updates: The range levels and their subdivisions will automatically shift and update as the market price moves into new main range blocks.
How to Use:
Add the "Dynamic Auto Ranges" indicator to your chart (optimized for Nasdaq, but can be tested on other instruments).
Open the indicator's settings (the gear icon next to the indicator name).
Adjust the "Main Range Block Size" to determine how large you want the primary range block to be around the current price.
Set the "Subdivision Step" to determine the interval for the lines within that main range.
Use the displayed lines as a reference for your price action analysis.
Customizable Settings:
Main Range Block Size: Choose the size of the main range block.
Subdivision Step: Set the interval for subdivision lines.
Style: Select the line style (Solid, Dashed, Dotted).
Width: Set the line width for subdivisions.
Main Boundary Width: Set a specific width for the main range block boundary lines.
Note:
This indicator is designed to provide visual guidance based on mathematical calculations of price movements. Like all trading tools, it should be used as part of a comprehensive trading strategy and not as the sole basis for making trading decisions.
Buysell Martingale Signal - CustomBuysell Martingale Signal - Custom Indicator
Introduction:
This indicator provides a dynamic buy and sell signal system incorporating an adaptive Martingale logic. Built upon the signalLib_yashgode9/2 library, it is designed for use across various markets and timeframes.
Key Features:
Primary Buy & Sell Signals: Identifies initial buy and sell opportunities based on directional changes derived from the signalLib.
Martingale Signals:
For Short (Sell) Positions: A Martingale Sell signal is triggered when the price moves against the existing short position by a specified stepPercent from the last entry price, indicating a potential opportunity to average down or increase position size.
For Long (Buy) Positions: Similarly, a Martingale Buy signal is triggered when the price moves against the existing long position by a stepPercent from the last entry price.
On-Chart Labels: Displays clear, customizable labels on the chart for primary Buy, Sell, Martingale Buy, and Martingale Sell signals.
Customizable Colors: Allows users to set distinct colors for primary signals and Martingale signals for better visual distinction.
Adjustable Sensitivity: Features configurable parameters (DEPTH_ENGINE, DEVIATION_ENGINE, BACKSTEP_ENGINE) to fine-tune the sensitivity of the underlying signal generation.
Webhook Support (Static Message Alerts): This indicator provides alerts with static messages for both primary and Martingale buy/sell signals. These alerts can be leveraged for automation by external systems (such as trading bots or exchange-provided Webhook Signal Trading services).
Important Note: When using these alerts for automation, an external system is required to handle the complex Martingale logic and position management (e.g., tracking steps, PnL calculation, hedging, dynamic quantity sizing), as this indicator solely focuses on signal generation and sending predefined messages.
How to Use:
Add the indicator to your desired chart.
Adjust the input parameters in the indicator's settings to match your specific trading symbol and timeframe.
For automation, you can set up TradingView alerts for the Buy Signal (Main/Martingale) and Sell Signal (Main/Martingale) conditions, pointing them to your preferred Webhook URL.
Configurable Parameters:
DEPTH_ENGINE: (e.g., 30) Controls the depth of analysis for the signal algorithm.
DEVIATION_ENGINE: (e.g., 5) Defines the allowable deviation for signal generation.
BACKSTEP_ENGINE: (e.g., 5) Specifies the number of historical bars to look back.
Martingale Step Percent: (e.g., 0.5) The percentage price movement against the current position that triggers a Martingale signal.
Labels Transparency: Adjusts the transparency of the on-chart signal labels.
Buy-Color / Sell-Color: Sets the color for primary Buy and Sell signal labels.
Martingale Buy-Color / Martingale Sell-Color: Sets the color for Martingale Buy and Sell signal labels.
Label size: Controls the visual size of the labels.
Label Offset: Adjusts the vertical offset of the labels from the candlesticks.
Risk Warning:
Financial trading inherently carries significant risk. Martingale strategies are particularly high-risk and can lead to substantial losses or even complete liquidation of capital if the market moves strongly and persistently against your position. Always backtest thoroughly and practice with a demo account, fully understanding the associated risks, before engaging with real capital.
Daily Levels & Time MarkersKey Features:
Price Level Tracking:
Previous Day High/Low (PDH/PDL) - Shows yesterday's highest and lowest prices as horizontal lines
Overnight High/Low (ONH/ONL) - Tracks the highest and lowest prices during overnight sessions (4:00 PM to 9:30 AM ET)
Opening Range High/Low (ORH/ORL) - Captures the price range during the first 30 minutes of regular trading (9:30-10:00 AM ET)
Visual Elements:
Draws horizontal lines for previous day levels that extend across the chart
Creates rays (extending lines) for overnight and opening range levels that project forward from when they were established
Uses different colors and line styles for each level type (solid lines for daily levels, dashed for opening range)
Adds text labels showing the exact price values (PDH, PDL, ONH, ONL, ORH, ORL)
Time Markers:
Draws vertical dashed lines at key trading times: 10:00 AM, 11:30 AM, 1:00 PM, 2:30 PM, and 4:00 PM ET
Uses Eastern Time zone by default but allows customization
Customization Options:
Toggle each feature on/off independently
Customize colors for all line types
Adjust timezone settings
Relative Wave: Volatility IncludedFor the setup shown, it is best used with the following scripts I have written:
1. Indicator: Volatility Candle Based
2. Multi-Period Charts (use 2 of them): @ 30m and 1H settings
3. Relative Wave: Volatility Included.
Indicator Description: Relative Wave: Volatility Included (RW: Vol)
Pine Script v6 – Technical Overview
🔍 Purpose
The Relative Wave: Volatility Included (RW: Vol) is a custom oscillator designed to measure price position relative to dynamic upper and lower bounds that are influenced by volatility. It incorporates trend filtering, momentum smoothing, and zone detection, providing a composite view of price waves and potential reversal signals.
🧠 How It Works
1. Core Concept: Relative Position within Volatility Bands
The indicator calculates a Relative Wave Index, which measures where the current price sits between recent upper and lower bands derived from standard deviation. These bounds are sorted over a historical window to filter for sensitivity.
2. Sensitivity & Smoothing
Trend Length (Historical_Bar_Count): Defines how many bars are used to build the volatility-adjusted trend range.
Sensitivity Control: Adjusts how reactive the index is to recent price changes.
EMA Smoothing: Custom exponential moving averages are used to smooth values for fast, slow, and overall momentum.
3. Components & Visuals
RW Short-Term Fast Line: Plotted as colored circles indicating quick changes in trend.
RW Short-Term Slow Line: A smoother trend line for signal filtering.
RW Overall Momentum Line: Step-style line measuring broader directional trend.
RW Wave Line: A smoothed average of recent crests and troughs, acting as a cyclical midline reference.
Zone Lines (5/20/50/80/95): Visual thresholds often used as overbought/oversold regions.
⚙️ Key Inputs & Their Effects
Trend Length: Longer = smoother but laggy trends; shorter = more responsive but volatile.
Sensitivity: Higher values = less sensitivity; lower = more reactive.
Signal Lengths (Fast/Slow/Overall): Control the degree of smoothing for each plotted line.
Crest/Trough Lookback: Determines how crests and troughs are calculated from past wave behavior.
✅ Trade Signal Logic
The script defines bullish and bearish conditions based on the interaction of:
RW Wave direction
Overall Momentum direction
Slow Line behavior
Relative positioning (e.g., below or above 50)
Bullish Example:
RW Wave and Momentum are both rising
Values are below 50 (potential upside room)
Slow Line may be falling or just crossed upward
Bearish Example:
RW Wave and Momentum are falling
Values are above 50 (potential downside room)
Slow Line rising or crossed downward
🎨 Visual Aids & Colors
Green: Bullish momentum
Red: Bearish momentum
Blue/Purple Circles: Transition points and fast line status
White/Midrange Lines: Reference zones (like RSI levels)
📈 Best Use Cases
Identifying shifts in market direction before price breakout
Confirming trend strength using wave/momentum alignment
Spotting oversold/overbought zones with volatility context
Combining with other indicators (e.g., price action or volume)
How the Relative Wave Indicator, Volatility-Based Candle Signals, and Multi-Time Period Charts Work Together
This strategy combines three core components—Relative Wave, Volatility Candle Signals, and Multi-Time Period Analysis—to build a layered, high-probability trading framework.
🔷 1. Relative Wave Indicator (used on 3-minute chart)
The Relative Wave Indicator is a momentum and volatility-based oscillator that tracks price movement within a defined range using historical highs and lows derived from standard deviation bands. It smooths price action using fast and slow custom EMAs to identify underlying trend strength and reversals.
Key Features:
Tracks short-term wave structure
Detects momentum shifts based on rising/falling conditions
Uses color-coded momentum signals to help spot turning points early
The wave line and overall momentum line help confirm the quality of trend setups
🔶 2. Volatility Candle-Based Indicator (used on 3-minute chart)
The Volatility Candle Signal highlights significant price action based on expanding or contracting volatility. This tool helps identify moments of potential breakout or reversal by evaluating candle size, wick structure, and deviation from recent ranges.
Key Purpose:
Pinpoints actionable moments when volatility is entering or exiting the market
Works in tandem with Relative Wave to validate whether a momentum shift is strong enough to act on
🕰 3. Multi-Time Period Chart Confirmation (30-minute & 2-hour)
To avoid false signals and ensure alignment with broader market context, two higher timeframes (30m and 2h) are used as confirmation filters.
How They Integrate:
The 30-minute chart provides mid-range trend direction—ideal for intraday bias
The 2-hour chart offers broader trend context and helps avoid trading against dominant macro trends
These are used as overlays or separate indicators that mirror Relative Wave or other trend-detection tools to show whether the short-term setup aligns with bigger picture momentum
✅ Optimal Setup
Execution Timeframe: 3-minute chart
Confirmation Timeframes: 30-minute and 2-hour charts
Ideal Conditions for Trade Entry:
Relative Wave shows bullish/bearish alignment (e.g., wave and momentum lines rising with value <50 for bulls, >50 for bears)
Volatility candles indicate a breakout or reversal
Both the 30m and 2h multi-timeframe indicators confirm the trend direction or support a momentum shift
This integrated approach minimizes noise and increases confidence in each trade setup by ensuring that short-term signals are supported by volatility behavior and broader market context.
Opening Range Breakout with John Wick + CDH/CDLOpening Range Breakout (ORB) De Luxe with John Wick Pattern - User Manual Table of Contents
1. Introduction
2. Key Features
3. Installation
4. Configuration Guide
5. Trading Signals
6. Pattern Recognition
7. Zone Trading
8. Alert Setup
9. Trading Strategies
10. Best Practices
11. Troubleshooting
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1. Introduction The Opening Range Breakout (ORB) with John Wick indicator is a comprehensive trading tool designed for intraday and swing traders. It combines the classic Opening Range Breakout strategy with advanced candlestick pattern recognition, including the unique "John Wick" pattern. What is Opening Range Breakout? The Opening Range (OR) is the price range established during the first 15 minutes of a trading session. This range often acts as support and resistance for the remainder of the trading day. Breakouts above or below this range can signal strong directional moves. Key Concepts: • Opening Range High: The highest price during the first 15 minutes • Opening Range Low: The lowest price during the first 15 minutes • Breakout: Price movement above OR High (bullish) or below OR Low (bearish) • Pattern Zones: Areas around key levels where pattern recognition is most effective • PDH/PDL: Previous Day High and Previous Day Low - key reference levels from the prior trading day • CDH/CDL: Current Day High and Current Day Low - dynamically updating intraday extremes
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2. Key Features Core Features: • Multi-Session Support: New York, London, Tokyo, Sydney, Frankfurt, and Custom sessions • Opening Range Visualization: Automatic OR High/Low detection and plotting • Pattern Recognition: Engulfing, Hammer/Shooting Star, Doji, and John Wick patterns • Zone Trading: Customizable zones around OR and PDH/PDL/CDH/CDL levels • Previous Day Levels: PDH (Previous Day High) and PDL (Previous Day Low) • Current Day Levels: CDH (Current Day High) and CDL (Current Day Low) - real-time tracking • Mid-Point Levels: Automatic calculation of OR mid-point • Real-Time Alerts: Breakout and pattern-based alerts • Multi-Timezone Support: Exchange or custom timezone selection Visual Features: • Dynamic color-coded levels • Triangle signals for breakouts • Pattern labels with clear identification • Information table with current session data • Fully customizable colors and styles
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3. Installation Step 1: Add to Chart
4. Open TradingView and navigate to your desired chart
5. Click on "Indicators" (or press /)
6. Search for "Opening Range Breakout with John Wick"
7. Click to add the indicator to your chart Step 2: Initial Setup
8. The indicator will automatically detect your chart's timezone
9. Default session is set to "New York"
10. All features are enabled by default Recommended Timeframes: • Optimal: 1-minute to 15-minute charts • Suitable: Up to 1-hour charts • Not Recommended: Daily or higher timeframes
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4. Configuration Guide Timezone Settings Use Exchange Timezone • Enabled (Default): Uses the exchange's native timezone • Disabled: Uses chart timezone or custom selection Timezone Selection Available when "Use Exchange Timezone" is disabled: • America/New_York • Europe/London • Europe/Amsterdam • Asia/Tokyo • Australia/Sydney Session Selection Trading Sessions • Sydney: 09:00-16:00 Sydney time • Tokyo: 09:00-15:00 Tokyo time • London: 08:00-16:30 London time • Frankfurt: 09:00-17:30 Frankfurt time • New York: 09:30-16:00 New York time • Custom: User-defined session • Previous Sessions: Shows multiple historical ORs Custom Session Settings • Custom Session Time: Define your own trading hours • Custom Session Name: Label for your custom session Display Options Line Settings • Line Width: 1-5 (Default: 2) • Line Style: Solid, Dashed, or Dotted • Show Current Only: Hide historical OR lines • Show Session Name: Display session label on chart Color Customization • OR Resistance (High): Default red • OR Support (Low): Default green • Session Colors: Unique color per session type • Zone Colors: Separate colors for OR and PDH/PDL zones Pattern Zone Settings Zone Configuration • Show Pattern Detection Zone: Enable/disable zones • OR Zone Size: Percentage of OR range (Default: 2%) • PDH/PDL Zone Size: Percentage of PDH-PDL range (Default: 1.5%) • CDH/CDL Zone Size: Percentage of CDH-CDL range (Default: 1.5%) • Show Zone Labels: Display zone boundary values • Only Detect Patterns in Zone: Limit pattern detection to zones Mid-Point Settings • Show Opening Range Mid-Point: Display OR midline • Mid-Point Color: Default gray • Mid-Point Style: Dotted, Dashed, or Solid • Show Mid-Point Label: Display midpoint value Previous Day Levels • Show Previous Day High/Low: Enable PDH/PDL lines • PDH/PDL Colors: Default yellow • PDH/PDL Line Style: Customizable style • Show PDH/PDL Labels: Display level values
Current Day Levels • Show Current Day High/Low: Enable CDH/CDL lines • CDH/CDL Colors: Default blue • CDH/CDL Line Style: Customizable style • Show CDH/CDL Labels: Display level values • Update Frequency: Real-time updates as new highs/lows are made
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5. Trading Signals Signal Types
6. Breakout Signals • Bullish (Buy): Green triangle below candle when price breaks above OR High • Bearish (Sell): Red triangle above candle when price breaks below OR Low
7. Pattern-Enhanced Signals Signals are generated when breakouts occur WITH confirming patterns: • Stronger probability of follow-through • Reduced false breakouts • Better risk/reward setups Signal Configuration Alert Settings • Enable Alerts: Turn alerts on/off • Show Buy/Sell Signals: Visual signals on chart • Show Signal Text: Display "BUY"/"SELL" labels Pattern Filter Options • Use Candle Pattern Filter: Require patterns for signals • Pattern Combination Mode: o Any Pattern: Signal on any single pattern o Multiple Patterns: Require minimum pattern count o Specific Combo: Require specific pattern combinations
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6. Pattern Recognition Supported Patterns
7. Engulfing Pattern • Bullish Engulfing: Large green candle completely engulfs previous red candle • Bearish Engulfing: Large red candle completely engulfs previous green candle • Label: "E"
8. Hammer/Shooting Star • Hammer: Small body at top, long lower wick (2x body size) • Shooting Star: Small body at bottom, long upper wick (2x body size) • Labels: "H" (Hammer), "S" (Shooting Star)
9. Doji Pattern • Definition: Open and close nearly equal (body < 10% of average) • Significance: Indecision, potential reversal • Label: "D"
10. John Wick Pattern (Unique Feature) • Bullish John Wick: o Opens below previous candle's low o 30-70% of body extends below previous low o Strong momentum indication • Bearish John Wick: o Opens above previous candle's high o 30-70% of body extends above previous high • Label: "JW" Pattern Visualization • Pattern Markers: Small circular labels with pattern abbreviations • Pattern Count: Number showing total patterns detected • Pattern Background: Optional highlighting (disabled by default) • Positioning: o Bullish patterns: Below candles at varying distances o Bearish patterns: Above candles at varying distances
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7. Zone Trading Zone Concept Zones are buffer areas around key levels where price action and patterns are monitored more closely. Zone Types
8. Opening Range Zones • OR High Zone: Area around the OR High level • OR Low Zone: Area around the OR Low level • Purpose: Identify potential breakout or rejection areas
9. PDH/PDL Zones • PDH Zone: Area around Previous Day High • PDL Zone: Area around Previous Day Low • Purpose: Monitor reactions at key daily levels
10. CDH/CDL Zones • CDH Zone: Area around Current Day High • CDL Zone: Area around Current Day Low • Purpose: Track reactions at evolving intraday extremes • Dynamic Nature: These zones move as new highs/lows are established Zone Features • Visual Representation: Semi-transparent colored boxes • Customizable Size: Percentage-based calculation • Pattern Detection: Option to only detect patterns within zones • Bar Coloring: Candles change color when in zones Zone Trading Strategy
11. Wait for price to enter a zone
12. Look for pattern formation within the zone
13. Trade breakouts with pattern confirmation
14. Use zone boundaries as stop-loss references
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8. Alert Setup Creating Alerts Step 1: Basic Alert Setup
9. Right-click on the chart
10. Select "Add Alert"
11. Choose "ORB The Luxe" from Condition dropdown
12. Select alert type Step 2: Alert Types • Any alert() function call: All indicator alerts • Crossed above OR High: Bullish breakout • Crossed below OR Low: Bearish breakout Alert Messages Alerts include: • Session name (e.g., "New York") • Direction (above/below) • Level crossed • Pattern detected (if applicable) • Zone information (if in zone) Alert Best Practices
13. Set alerts after the OR is established (15+ minutes into session)
14. Use pattern filters to reduce false signals
15. Consider zone alerts for higher probability setups
16. Set stop-loss alerts at opposite OR level
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9. Trading Strategies Strategy 1: Classic ORB
10. Entry: o Long: Break above OR High o Short: Break below OR Low
11. Stop Loss: Opposite OR level
12. Target: 1:2 or 1:3 risk/reward
13. Best Time: First 2 hours after OR Strategy 2: ORB with Pattern Confirmation
14. Entry Requirements: o Breakout signal o At least one confirming pattern o Preferably within a zone
15. Stop Loss: Mid-point of OR
16. Target: Previous day's high/low or current day's high/low
17. Win Rate: Higher than classic ORB Strategy 3: Zone Rejection Trading
18. Setup: Price enters zone but fails to break OR
19. Entry: Reversal pattern in zone
20. Stop Loss: Just outside zone boundary
21. Target: Opposite OR level
22. Best For: Range-bound markets Strategy 4: Multi-Session Confluence
23. Look for: Alignment of multiple session ORs
24. Entry: Break of aligned levels
25. Confirmation: Pattern at confluence point
26. Target: Extended moves expected
27. Additional Edge: Watch for CDH/CDL tests during the session
Strategy 5: CDH/CDL Breakout Trading
1. Setup: Price approaches current day's high or low
2. Entry: Break and hold above CDH or below CDL
3. Confirmation: Volume increase or pattern formation
4. Stop Loss: Just inside the CDH/CDL level
5. Target: Measured move based on intraday range
6. Best For: Trending days with momentum Risk Management Rules • Position Size: Risk 1-2% per trade • Max Daily Loss: 3-5% of account • Avoid: First and last 15 minutes of session • Best Days: Tuesday through Thursday
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10. Best Practices Do's:
• Wait for OR to be established (15 minutes)
• Use multiple confirmations (pattern + zone + volume)
• Trade in the direction of the larger trend
• Set alerts to avoid missing opportunities
• Keep a trading journal of ORB trades
• Adjust zones based on market volatility
• Use proper position sizing Don'ts:
• Trade immediately at market open
• Ignore the overall market context
• Trade every OR breakout
• Use in choppy/low volume markets
• Set stops too close to entry
• Trade against strong trends
• Over-leverage positions Market Conditions Best Performance: • Trending days • High volume sessions • Economic news days • Clear market sentiment Avoid During: • Low volume holidays • Extremely choppy conditions • Major uncertainty events • End of month/quarter repositioning
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11. Troubleshooting Common Issues and Solutions Issue: No signals appearing Solutions: • Ensure "Show Buy/Sell Signals" is enabled • Check if pattern filter is too restrictive • Verify correct session is selected • Confirm market has broken OR levels Issue: Too many false signals Solutions: • Enable pattern filter requirement • Use "Multiple Patterns" mode • Trade only within zones • Increase zone size percentage Issue: Incorrect session times Solutions: • Check timezone settings • Verify exchange timezone option • Use custom session for specific needs • Ensure chart timeframe is appropriate Issue: Overlapping indicators Solutions: • Disable pattern markers if too cluttered • Turn off signal text • Hide PDH/PDL or CDH/CDL if not needed • Use "Show Current Only" option Performance Tips
12. Reduce Chart Load: Hide historical sessions
13. Clean View: Disable unused pattern types
14. Mobile Trading: Increase line widths for visibility
15. Multiple Monitors: Use different sessions per screen Getting Help • Check indicator settings tooltips • Test on demo account first • Document your settings for consistency • Join ORB trading communities for tips
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Conclusion The Opening Range Breakout with John Wick indicator is a powerful tool that combines time-tested ORB strategies with advanced pattern recognition. Success comes from understanding each component, practicing proper risk management, and adapting the tool to your trading style. Remember: No indicator guarantees profits. Always use proper risk management and continuous education to improve your trading results. Happy Trading!
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Version: 1.0 Last Updated: June 2025 Pine Script Version: 6
QG-Particle OscillatorThis is an advanced oscillator based on auxiliary particle filter. It separates signal from noise and uses smoothing algorithm similar to JMA.
The main oscillator line is a smoothed and detrended version of the price series similar to detrended oscillator line. The purple/aqua lines are a prediction based on an additional adaptive smoothing technique and current volatility.
The prediction is smoothed twice and is supposed to represent the true signal without any noise, thus the prediction should always be less than the raw detrend line. However, certain volatile conditions will cause the prediction to cross above/below the detrend line. When this happens the likelihood of a reversal or pullback is extremely high.
There are 3 dots on the zero line- Red, Green and Yellow. The yellow dots warn of an eminent pullback 2 bars before it actually occurs. This is a non-repainting indicator.
One can also use this indicator to trade CCI signals, similar to zero line rejection in existing trend.
The indicator has 2 settings- Period and Phase. The phase represents cycle phase and Period represents oscillator period.
Credits: This indicator has been originally published for Ninjatrader and this is conversion into pinescript.
Adjustable Vertical LinesThe script provides an indicator which will plot lines - 15 min, 30 min and 60 min. You can customize the time intervals and go to as low as one minute, but I found the 15-minute and 30-minute intervals works best for me when trying to find setups, and the lower time-frame intervals, is just pointless to use if you're not scalping on the seconds timeframe.
You can customize inputs for the line style. Line thickness, colour, etc.
I've seen this work using the OBR theory and applying it to the one-minute candle then looking for other confluences like order blocks, or breakers, FVGs, BOS/CHoC for further confirmation for scalping. It's important to backtest though and see for yourself.
Thanks for the boost.
Hilbert micro trends SubThe HILBERT MICRO TRENDS indicator uses advanced Digital Signal Processing techniques to uncover hidden characteristics in price series, providing a statistical edge across all types of assets. This indicator specializes in detecting short- and medium-term micro trends, which can appear isolated, embedded within larger trends, or even during broad-ranging price phases.
It operates with a single parameter, simplifying configuration and greatly reducing the risk of overfitting. HILBERT MICRO TRENDS applies modern low-pass and high-pass filtering techniques to smooth price data and remove noise efficiently across multiple levels. The mathematical formulas generate four recursively smoothed series, each more refined than the last in a subtle and precise way, avoiding abrupt changes. These smoothed series outperform traditional moving averages in every aspect: they have less lag (detecting trend shifts faster), generate fewer false signals, and stay closer to price action. This gives them an edge over standard indicators and algorithms based on conventional moving averages such as the simple, exponential, Kalman, or Hull MA.
Visual Structure
The indicator displays in two parts: one on the main chart and one on a sub-chart. On the main chart, the four smoothed series create a shaded area, with the upper and lower bounds representing the maximum and minimum of the series. If a series is rising (positive derivative), it signals bullish momentum; if falling, bearish. Since each series has a different smoothing level, they represent different time perspectives, and the indicator considers all four simultaneously. If all series are bullish, the area turns solid green. If three are bullish and one bearish, it's pale green. Two bullish, two bearish: gray. One bullish and three bearish: pale red. All bearish: solid red. A confirmed micro trend is present only when all four are aligned, i.e., when the area is pure green or red.
The sub-chart displays a histogram version of the same shaded area as an oscillator. An additional smoothed line tracks when the width of this shaded area expands or contracts.
How to Use and Interpret
As stated, the goal is to detect micro trends in price. The first rule is to open long positions only when the area is solid green, and shorts only when it’s solid red. Transitions from pale green to solid green can signal the start of a bullish micro trend, and similarly, from pale red to solid red for bearish trends. The width of the shaded area indicates the strength of the movement (best seen in the histogram). A wider area suggests stronger momentum, which is related to volatility only when a micro trend is active.
Use the orange line in the histogram to determine whether the micro trend is gaining or losing strength. A decreasing width suggests the trend might be ending, signaling an exit opportunity. However, since the orange line lags behind, it’s better used as confirmation rather than a trigger. For quicker signals, changes to pure red or green are more effective.
Price Relationship
Pay attention to the price's relative position to the shaded area. If the price stays within or fluctuates inside the area, it's usually a sign of a ranging market with no clear trend—avoid trading in such conditions. However, if the price breaks out and moves away from the area, it's a strong sign a micro trend has begun. When the price returns to the shaded area, the trend might be ending.
The indicator also marks pivot points from the last pure green or red zone. While not directly used to enter trades, these serve as useful price action reference points for combining with other strategies or tools.
Parameter Settings
The indicator includes a single but crucial parameter that controls smoothing intensity. A low value makes the indicator faster; a higher value slows it down. Success depends on choosing the right setting for the market environment. For long, clear trends, use higher values (80–100), as late entries are acceptable and premature exits are avoided. For shorter, mean-reverting trends, lower values (~40) are better to avoid lag. The default setting is 60, which suits most markets, but users are encouraged to adjust it to current conditions.
Always identify the current market phase and backtest how past micro trends have behaved on the instrument being traded. This ensures the indicator is tuned to the asset’s behavior and can deliver optimal results.
Candle Count RSI📈 Candle Count RSI — A Dual-Perspective Momentum Engine
The Candle Count RSI is a custom-built momentum oscillator that expands on the classic Relative Strength Index (RSI) by introducing a directional-only variant that tracks the frequency of bullish or bearish closes, rather than price magnitude. It gives traders a second lens through which to evaluate momentum, trend conviction, and subtle divergences—often invisible to traditional price-based RSI.
💡 What Makes It Unique?
While the standard RSI is sensitive to the size of price changes, the Candle Count RSI is magnitude-blind. It counts candle closes above/below open over a lookback period, generating a purer signal of directional consistency. To enhance signal fidelity, it includes a streak amplifier, dynamically weighting extended runs of green or red candles to reflect intensity of market bias—without introducing artificial price sensitivity.
This dual-RSI approach allows for:
- Divergence detection between directional bias and price magnitude.
- Smoother trend confirmation in choppy markets.
- Cleaner visual cues using dynamic glow and background logic.
📐 How Standard RSI Actually Works (Not What You Think)
RSI doesn’t just check if price went up or down over a span—it checks each individual candle and tracks whether it closed higher or lower than the one before. Here's how it works under the hood:
1.) For each bar, it calculates the change from the previous close.
2.) It separates those changes into gains (upward moves) and losses (downward moves).
3.) Then it computes a smoothed average of those gains and losses (usually using an RMA).
4.) It calculates the Relative Strength (RS) as:
RS = AvgGain / AvgLoss
5.) Finally, it plugs that into the RSI formula:
RSI = 100 - (100 / (1 + RS))
⚖️ What Does the 50 Line Mean?
- The RSI scale runs from 0 to 100, but 50 is the true neutral zone:
- RSI > 50 means average gains outweigh average losses over the period.
- RSI < 50 means losses dominate.
- RSI ≈ 50? The market is balanced—momentum is indecisive, no clear trend bias.
- This makes 50 a powerful midline for trend filters, directional bias tools, and divergence detection—especially when paired with alternative RSI logic like Candle Count RSI.
🔧 Inputs and Customization
- Everything is fully modular and customizable:
🧠 Core Settings
- RSI Length: Used for both the standard RSI and Candle Count RSI.
📉 Standard RSI
- Classic RSI calculation based on price changes.
- Optional WMA smoothing to reduce noise.
- Glow effect toggle with custom intensity.
🕯 Candle Count RSI
- Computes RSI using only the count of up/down candles.
- Optional smoothing for stability.
- Amplifies streaks (e.g., multiple consecutive bullish candles increase strength).
- Glow effect toggle with adjustable strength.
🎇 Glow Visuals
- Background glow (subpane and/or main chart).
- Fades based on RSI distance from the 50 midpoint.
- Independent color settings for bull and bear bias.
🧬 Divergence Zones
- Detects when Candle RSI and Standard RSI diverge.
- Highlights:
- Bullish Divergence: Candle RSI > 50, Standard RSI < threshold.
- Bearish Divergence: Candle RSI < 50, Standard RSI > threshold.
- Background fill optionally shown in subpane and/or main chart.
📊 Directional Histogram
- MACD-style histogram showing the difference between the two RSI lines.
- Color-coded based on directional agreement:
- Both rising → green.
- Both falling → red.
- Conflict → yellow.
🧠 Under the Hood — How It Works
🔹 Standard RSI
- Classic ta.rsi() applied to close prices, optionally WMA-smoothed.
🔹 Candle Count RSI (CCR)
- Counts how many candles closed up/down over the period.
- Computes a magnitude-free RSI from these counts.
- Applies a streak-based multiplier to exaggerate trend strength during consecutive green/red runs.
- Optionally smoothed with WMA to create a clean signal line.
- This makes CCR ideal for detecting true directional bias without being faked out by volatile price spikes.
🔹 Divergence Logic
- When Candle RSI and Standard RSI disagree strongly across defined thresholds, background fills highlight early signs of momentum decay or hidden accumulation/distribution.
🔹 Glow Logic
- Glow zones are controlled by a master toggle and drawn with dynamic transparency:
- Further from 50 = stronger conviction = darker glow.
- Shows up in subpane and/or main chart depending on user preference.
📷 Suggested Use Case / Visual Setup
- Use in conjunction with your primary price action system.
- Watch for divergences between the Candle Count RSI and Standard RSI for early trend reversals.
- Use glow bias zones on the main chart to get subconscious directional cues during fast scalping.
- Histogram helps you confirm when both RSI variants agree—useful during strong trending conditions.
🛠️ Tip for Traders
- This tool isn’t trying to “predict” price. It’s designed to visualize hidden market psychology—when buyers are showing up with consistent pressure, or when momentum has a disconnect between conviction and magnitude. Use this to filter entries, spot weak rallies, or sense when a trend is about to break down.
⚠️ WARNING
- Not for use with Heikin Ashi, Renko, etc.).
🧠 Summary
Candle Count RSI is not just another mashup—it's a precision-built, dual-perspective oscillator that captures directional conviction using real candle behavior. Whether you're scalping intraday or swing trading momentum, this script helps clarify trend integrity and exposes hidden weaknesses with elegance and clarity.
—
🛠️ Built by: Sherlock_MacGyver
Feel free to share feedback or reach out if you'd like to collaborate on custom features.
NDOG & NWOG Indicatorndicator automatically identifies and displays New Day Opening Gaps (NDOG) and New Week Opening Gaps (NWOG) directly on your chart. It focuses on gaps based on specific session times in the New York (NY) timezone.
Key Features:
NDOG: Identifies the gap between the NY 4:59 PM (daily close) and the NY 6:00 PM (daily open).
NWOG: Identifies the gap between the Friday NY 4:59 PM (weekly close) and the Sunday NY 6:00 PM (weekly open).
Draws customizable lines for the high and low levels of each gap.
Option to show an additional mid-level line for each gap.
Includes options for line colors, styles, and width.
Allows filtering gaps by a minimum size.
Control the maximum number of recent NDOGs and NWOGs displayed.
Optionally shows text labels on the lines and a summary table on the chart.
This tool can help traders visualize potential areas of interest related to these specific opening gaps.
Note: Calculations are based on the "America/New_York" timezone.
Disclaimer: Trading involves risk and may not be suitable for all investors. This indicator is provided for informational and educational purposes only and does not constitute financial advice or a recommendation to trade. Use at your own risk.
Time-Weighted Fractality (TWF)The Time-Weighted Fractality (TWF) indicator is your secret weapon to measure how stable or volatile a market truly is — by tracking how long trends persist, and weighting that against recent history.
Why you need TWF in your toolkit:
Markets aren’t always trending or choppy in a simple on/off way. TWF quantifies trend duration dynamics — revealing when the market is locked into a strong, stable trend or stuck in erratic, unpredictable moves.
How it works — sharp and simple:
Trend Duration Tracking:
Measures how many bars since the last highest high changed within a specified lookback. This tells you how long the current trend has been running.
Smoothed Average Duration:
Uses an EMA to smooth trend duration, providing a reliable baseline of recent trend behavior.
Ratio Calculation (TWF):
The core metric — current trend duration divided by average trend duration.
TWF > 1.2 means the current trend is stronger and more persistent than usual.
TWF < 0.8 signals a volatile, choppy market struggling to hold any trend.
What you see on the chart:
A clean TWF line plotted with clear zones:
Green zone = Strong, stable trend environment
Red zone = Choppy, volatile conditions to avoid or trade cautiously
Background shading highlights these zones for instant clarity
Markers appear at critical points for quick visual cues
Why traders swear by it:
✅ Reliable trend confirmation: Avoid false signals by only acting when TWF confirms sustained market momentum.
✅ Timing tool: Perfect for spotting when a trend is building strength or losing grip — invaluable for entries and exits.
✅ Versatile: Works on all timeframes and instruments, from forex to stocks to crypto.
✅ Simple but powerful: Combines fractal concept with time weighting and smoothing — giving you a next-level understanding of market rhythm.
Pro tip:
Use TWF alongside your favorite price or volume-based indicators for unmatched precision. For example, confirm breakouts only when TWF signals a stable trend zone to increase your win rate.
In a sea of noise, TWF cuts through to give you real, actionable insight. Trust it, build your strategy around it — it’s that good.
Volume Strength HighlightThis simple script helps you quickly see when volume is strong or weak on the chart — it highlights the candles based on how the current volume compares to the recent average 📊
🔍 Here's what it does:
Calculates a 20-bar average volume
Marks candles green or red if volume is much higher than average (more than 1.5x)
Marks candles gray if volume is very low (less than 0.5x the average)
Normal candles stay unchanged
You can also turn on a basic volume plot in a separate panel if you want to compare visually (just toggle it in settings).
⚠️ It’s not a buy/sell signal — just a helper to see when the market is waking up or going quiet.
Not perfect but works well with other indicators! Let me know if you like it or have ideas to add more 💡
Market Sleep ZonesHey traders 👋
This script shows when the market is in a "sleeping" or low volatility phase. I call it Market Sleep Zones 😴
It looks at the average price movement over a window (default 20 bars), and if the price changes are small (under a % threshold you set), it highlights that area on the chart with a soft green background.
💡 This can help spot moments when the market is quiet — maybe before a breakout or just moving sideways.
It also places labels to mark where these zones start and end, so it's easy to track.
You can change:
The window size (how many bars to look back)
The breath depth (how much price is allowed to move before it’s "not sleeping" anymore)
Not perfect, but helpful if you want to avoid getting chopped in low-volatility zones or want to prepare for when the market "wakes up" 😄
Let me know if you find it useful or have ideas to improve it!
DECODE Global Liquidity IndexDECODE Global Liquidity Index 🌊
The DECODE Global Liquidity Index is a powerful tool designed to track and aggregate global liquidity by combining data from the world's 13 largest economies. It offers a comprehensive view of financial liquidity, providing crucial insights into the underlying currents that can influence asset prices and market trends.
The economies covered are: United States, China, European Union, Japan, India, United Kingdom, Brazil, Canada, Russia, South Korea, Australia, Mexico, and Indonesia. The European Union accounts for major individual economies within the EU like Germany, France, Italy, Spain, Netherlands, Poland, etc.
Key Features:
1. Customizable Liquidity Sources
Include Global M2: You can opt to include the M2 money supply from the 13 listed economies. M2 is a broad measure of money supply that includes cash, checking deposits, savings deposits, money market securities, mutual funds, and other time deposits. (Note: Australia uses M3 as its primary measure, which is included when M2 is selected for Australia).
Include Central Bank Balance Sheets (CBBS): Alternatively, or in addition, you can include the total assets held by the central banks of these economies. Central bank balance sheets expand or contract based on monetary policy operations like quantitative easing (QE) or tightening (QT).
Combined View: If you select both M2 and CBBS, and data is available for both, the indicator will display an average of the two aggregated values. If only one source type is selected, or if data for one type is unavailable despite both being selected, the indicator will display the single available and selected component. This provides flexibility in how you define and analyze global liquidity.
2. Lead/Lag Analysis (Forward Projection):
Lead Offset (Days): This feature allows you to project the liquidity index forward by a specified number of days.
Why it's useful: Global liquidity changes can often be a leading indicator for various asset classes, particularly those sensitive to risk appetite, like Bitcoin or growth stocks. These assets might lag shifts in liquidity. By applying a lead (e.g., 90 days), you can shift the liquidity data forward on your chart to more easily visualize potential correlations and identify if current asset price movements might be responding to past changes in liquidity.
3. Rate of Change (RoC) Oscillator:
Year-over-Year % View: Instead of viewing aggregate liquidity, you can switch to a Year-over-Year (YoY%) Rate of Change (ROC) oscillator.
Why it's useful:
Momentum Identification: The ROC highlights the speed and direction of liquidity changes. Positive values indicate liquidity is increasing compared to a year ago, while negative values show it's decreasing.
Turning Points: Oscillators make it easier to spot potential accelerations, decelerations, or reversals in liquidity trends. A cross above the zero line can signal strengthening liquidity momentum, while a cross below can signal weakening momentum.
Cycle Analysis: It helps in assessing the cyclical nature of liquidity provision and its potential impact on market cycles.
This indicator aims to provide a clear, customizable, and insightful measure of global liquidity to aid traders and investors in their market analysis.
Time HighlightHow This Works:
Time Conversion: The script converts the current time to HHMM format (e.g., 9:16 becomes 916) for easy comparison.
Timeframe Detection: It checks the current chart's timeframe:
For 1-minute charts: Exactly matches the target times
For 5-minute charts: Checks if the target time falls within the 5-minute window
For 15-minute charts: Checks if the target time falls within the 15-minute window
Highlighting: When the condition is met, it highlights the candle with a semi-transparent yellow color.
Note:
The script will work on 1-minute, 5-minute, and 15-minute timeframes only
The highlight appears on the candle that contains the specified time
The transparency is set to 70% so you can still see the candle through the highlight
You can adjust the transparency level by changing the transp parameter (0 = fully opaque, 100 = fully transparent).
make a pine script which change the color of the candle in yellow color in 1,5,15 timeframe at the time of 9:16, 9:31, 9:46
Simple Monthly SeasonalityThis script helps traders quickly visualize how an asset performs month by month over a customizable historical period.
🔍 What it does:
• Calculates average monthly returns over the past N years (default: 15).
• Highlights the current month for quick context.
• Displays results in a clean 2-column table (Month | Avg % Return).
💡 Features:
• Works on any timeframe – internally pulls monthly data.
• Color-coded performance (green for positive, red for negative).
• Dynamic highlights – the current month is softly emphasized.
• Fully customizable lookback period (1–50 years).
📈 Use cases:
• Spot seasonal market trends.
• Time entries/exits based on recurring historical strength/weakness.
• Build the foundation for more advanced seasonality or macro scripts.
Just load it on any chart and see which months historically outshine the rest.
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XAU/USD Custom Levels
XAU/USD Dynamic Support & Resistance Levels
This indicator automatically draws horizontal support and resistance levels for Gold (XAU/USD) based on the current market price, eliminating the need for manual price range adjustments.
**Key Features:**
- **Dynamic Price Range**: Automatically calculates levels above and below the current price using a customizable percentage range (default 5%)
- **Multi-Tier Level System**: Four distinct level types with different visual styling:
- Major Levels (100s) - Blue, thick lines
- Sub Levels (50s) - Red, medium lines
- Sub-Sub Levels (25s) - Yellow, thin lines
- Mini Levels (12.5s) - Gray, dotted lines
- **Fully Customizable**: Adjust range percentage, step size, colors, and line history through input settings
- **Universal Compatibility**: Works at any gold price level - whether $1800, $2500, $3300 or beyond
**How It Works:**
The script centers the level grid around the current closing price and extends lines from a specified number of bars back to the right edge of the chart. The hierarchical level system helps identify key psychological price points and potential support/resistance zones commonly used in gold trading.
**Settings:**
- Price Range %: Control how far above/below current price to draw levels (1-20%)
- Level Step Size: Adjust spacing between levels (1.0-50.0)
- Bars Back: Set how far back in history to start the lines
- Color Customization: Personalize colors for each level type
Perfect for gold traders who need clean, automatically-updating support and resistance levels without manual configuration.
23/35 SR Channels (Hitchhikers Guide To Goldbach)This indicator highlights potential short-term support and resistance zones based on the 23rd and 35th minute of each hour. At each of these time points, it draws a zone from the high to the low of the candle, extending it forward for a fixed number of bars.
Key features:
🔸 Orange zones mark the 23-minute candle
🔹 Blue zones mark the 35-minute candle
📏 Zones extend for a customizable number of bars (channelLength)
🔄 Existing zones are removed if they overlap significantly with a new one
🏷️ Optional labels show when a 23 or 35 zone is created
This tool is ideal for traders looking to identify time-based micro-structures and intraday reaction zones.
Day Separator with Day LabelsAdjustable day separator that paints vertical lines through the start of day. Default set to GMT however totally customisable.
Has the day of week ladled also which is also optional in position.
there is a check box for a light chart background chart but default is dark background.
Vertical lines are customisable regarding thickness and colour.
Pretty new to it all so welcome feedback and amendment ideas.
Retrograde Motion - Future Projections: [Blueprint_So9]█ Retrograde Motion with Future Projections
Overview
This indicator visualizes planetary retrograde motion both historically and into the future across any timeframe up to 500 bars. Whether you’re reviewing past retrograde cycles or anticipating upcoming ones, this tool provides a clear and customizable view for analysis.
What is Retrograde?
Retrograde motion occurs when a planet appears to reverse direction from Earth’s perspective. This optical illusion, caused by relative planetary orbits, has long been studied for its potential timing relevance in financial and psychological cycles. Retrogrades are often associated with review, reversal, or disruption phases.
🔹 Key Features
Historical and Future Projection
Track retrograde cycles both in hindsight and into upcoming dates, allowing you to draw potential zones of interest before they arrive.
Split-Half Retrograde Visualization
Each retrograde period is divided into two halves, clearly highlighting the 50% midpoint. Users can view either the full retrograde duration or focus on each half separately for more granular analysis.
Multi-Timeframe Compatibility
Built to function seamlessly across all timeframes.
Planet Selection
Choose which planetary retrograde cycle to display.
Custom Visual Options
Toggle between full retrograde overlays or half-cycle shading. Background color transparency can be adjusted.
Original Logic: Future Projection Integration
This tool is one of the first to implement forward-looking retrograde cycle projections with midpoint segmentation.
This indicator uses planetary data from the Astrolib library by @BarefootJoey
NSE/BSE Derivative - Next Expiry Date With HolidaysNSE & BSE Expiry Tracker with Holiday Adjustments
This Pine Script is a TradingView indicator that helps traders monitor upcoming expiry dates for major Indian derivative contracts. It dynamically adjusts these expiry dates based on weekends and holidays, and highlights any expiry that falls on the current day.
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Key Features
1. Tracks Expiry Dates for Major Contracts
The script calculates and displays the next expiry dates for the following instruments:
• NIFTY (weekly expiry every Thursday)
• BANKNIFTY, FINNIFTY, MIDCPNIFTY, NIFTYNXT50 (monthly expiry on the last Thursday of the month)
• SENSEX (weekly expiry every Tuesday)
• BANKEX and SENSEX 50 (monthly expiry on the last Tuesday of the month)
• Stocks in the F&O segment (monthly expiry on the last Thursday)
2. Holiday Awareness
Users can input a list of holiday dates in the format YYYY-MM-DD,YYYY-MM-DD,.... If any calculated expiry falls on one of these holidays or a weekend, the script automatically adjusts the expiry to the previous working day (Monday to Friday).
3. Customization Options
The user can:
• Choose the position of the expiry table on the chart (e.g. top right, bottom left).
• Select the font size for the expiry table.
• Enable or disable the table entirely (if implemented as an input toggle).
4. Visual Expiry Highlighting
If today is an expiry day for any instrument, the script highlights that instrument in the display. This makes it easy to spot significant expiry days, which are often associated with increased volatility and trading volume.
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How It Works
• The script calculates the next expiry for each index using built-in date/time functions.
• For weekly expiries, it finds the next occurrence of the designated weekday.
• For monthly expiries, it finds the last Thursday or Tuesday of the month.
• Each expiry date is passed through a check to adjust for holidays or weekends.
• If today matches the adjusted expiry date, that row is visually emphasized.
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Use Case
This script is ideal for traders who want a quick glance at which instruments are expiring soon — especially those managing options, futures, or expiry-based strategies.
Session Trend Predictor-excillionSession Trend Predictor - Excillion
Created by: (Excillion)
🧠 What This Script Does
Session Trend Predictor highlights specific trading sessions (like the New York session or any custom intraday range) directly on the chart, helping traders visually analyze price behavior within those time windows. It draws color-coded boxes around each session and assigns a simple trend signal (📈 or 📉) at the end of the session based on how price behaved during that time.
🔍 How It Works
The script tracks two customizable sessions per day. For each session:
It captures key price data:
Session Open
Session Close
Session High
Session Low
Average price across the session
It applies a basic trend classification logic:
A trend is detected by comparing the opening and closing prices
If the session is indecisive, no signal is shown.
Session Boxes:
A shaded box is drawn from the session’s start to end candle, stretching from session low to high, with optional outlines and a label showing the trend direction if detected.
⚙️ Customizable Settings
Session Time Settings: Define start and end hours/minutes for both sessions.
Color and Transparency: Choose base colors for each session box and adjust transparency for better visibility.
Display Options: Show or hide box outlines and trend emojis for a cleaner chart if desired.
🧭 How to Use It
Use the indicator to observe how price behaves within each session.
Watch for trend signals (📈 / 📉) at the end of each session as a way to confirm or reject trade ideas.
Combine with support/resistance levels or price action strategies for more informed intraday or session-based trades.
Ideal for beginners and visual traders who want simple, session-focused trend cues.
This indicator simplifies session analysis by automatically marking trading ranges and suggesting a directional bias based on session dynamics—no complicated indicators or settings needed.
In highly Volatile markets, ensure you utilize other confluences to determine your entries.
Breakout of inclined trendline [Drobode]█ DESCRIPTION
The script is designed to automatically detect a possible trendline breakout under the conditions of the popular "Slanted Trendline Breakout" strategy. The algorithm assumes that during the movement the price approaches the slanted (trend) line several times. With each subsequent approach (touch) to the trend line, the price consolidates more and more near this line, the distances between the extremes (touches) decrease, which indicates a high probability of a breakout of this line. The script checks the number of touches (approaches) of the extremes and the distances between the extremes. If all conditions are met, the script draws a slanted (trend) line in the corresponding area and an arrow with a possible price breakout direction. The length of the arrow is half the height of the slanted (trend) line and may indicate the level (price) at which it is advisable to fix the profit. In the script, you can enable or disable additional analysis periods (history length, number of bars), the more periods are enabled, the slower the script may load. For example, when placing the script on M-15, we can additionally enable the period 300 or 500, which will allow us to take into account a larger number of historical bars, and this can be considered as the extremes of the older timeframe. The script calculates each period separately, so one large period will not be able to take into account and analyze smaller periods. You can set the percentage deviation of the distance of the extremes from the trend line that touch the inclined line, depending on your needs and style of technical analysis. The smaller the percentage, the more accurate and closer to the inclined line the price extreme should be and vice versa. The main goal of the script is to facilitate the trader's routine work of identifying a possible trend line breakout. However, it should be understood that the script is not a full-fledged self-sufficient strategy, in case of receiving a signal, it is recommended to additionally conduct a comprehensive thorough analysis before taking trading actions. The script can be useful for traders of all levels, both beginners and experienced analysts. Like any other strategy or script, this script can work better on some instruments than on others. When analyzing trading setups, it is desirable to have a clear trend, it is recommended to take into account the signal of this script with a small period when the arrow shows the direction of the trend. However, at the same time, it is necessary to deeply analyze many other factors at this stage, in particular, such as volumes, consolidation, volatility, candlestick patterns, etc.
█ SCRIPT SETTINGS
By default, the script was developed and tested on medium timeframes with cryptocurrency futures instruments USDT.P
Alert
The Alert function in the script is enabled by default, you just need to activate Alert in the TradingView window and select the signal source - Breakout of inclined trendline .
The notification provides the following information (example):
Possible breakout to the upside
Ticker- DOGEUSDT.P
Price- 0.15844
Timeframe- 30
Period length- 377
Periods length
The script allows you to set the length of the period (number of bars) for which the calculation will be performed. Different periods allow you to cover more timeframes (in particular, larger timeframes). You can change up to 4 periods at a time. However, if you choose too large periods, the script may slow down and the loading time will increase. To increase the loading speed of the script, disable additional periods 3, 4, i.e. uncheck the corresponding checkboxes and use only fields 1 and 2 for periods, where you can also set the period length you need.
Percentage deviation of extremes from the trend line
The next settings are the percentage deviation of the extremes from the sloping line. The smaller the deviation, the more accurate and closer to the line the extreme bars should be, however, in this case the number of identification signals will be smaller. By default, the rejection zone is - 0.15%. On larger timeframes, the deviation can be set to be larger.
