TimeMapTimeMap is a visual price-reference indicator designed to help traders rapidly visualize how current price levels relate to significant historical closing prices. It overlays your chart with reference lines representing past weekly, monthly, quarterly (3-month), semi-annual (6-month), and annual closing prices. By clearly plotting these historical price references, TimeMap helps traders quickly gauge price position relative to historical market structure, aiding in the identification of trends, support/resistance levels, and potential reversals.
How it Works:
The indicator calculates the precise number of historical bars corresponding to weekly, monthly, quarterly, semi-annual, and annual intervals, dynamically adjusting according to your chart’s timeframe (intraday, daily, weekly, monthly) and chosen market type (Stocks US, Crypto, Forex, or Futures). Historical closing prices from these periods are plotted directly on your chart as horizontal reference lines.
For intraday traders, the script accurately calculates historical offsets considering regular and extended trading sessions (e.g., pre-market and after-hours sessions for US stocks), ensuring correct positioning of historical lines.
User-Configurable Inputs Explained in Detail:
Market Type:
Allows you to specify your trading instrument type, automatically adjusting calculations for:
- Stocks US (default): 390 minutes per regular session (780 minutes if extended hours enabled), 5 trading days/week.
- Crypto: 1440 minutes/day, 7 trading days/week.
- Forex: 1440 minutes/day, 5 trading days/week.
- Futures: 1320 minutes/day, 5 trading days/week.
Show Weekly Close:
When enabled, plots a line at the exact closing price from one week ago. Provides short-term context and helps identify recent price momentum.
Show Monthly Close:
When enabled, plots a line at the exact closing price from one month ago. Helpful for evaluating medium-term price positioning and monthly trend strength.
Show 3-Month Close:
When enabled, plots a line at the exact closing price from three months ago. Useful for assessing quarterly market shifts, intermediate trend changes, and broader market sentiment.
Show 6-Month Close:
When enabled, plots a line at the exact closing price from six months ago. Useful for identifying semi-annual trends, significant price pivots, and longer-term support/resistance levels.
Show 1-Year Close:
When enabled, plots a line at the exact closing price from one year ago. Excellent for assessing long-term market direction and key annual price levels.
Enable Smoothing:
Activates a Simple Moving Average (SMA) smoothing of historical reference lines, reducing volatility and providing clearer visual references. Recommended for traders preferring less volatile reference levels.
Smoothing Length:
Determines the number of bars used in calculating the SMA smoothing of historical lines. Higher values result in smoother but slightly delayed reference lines; lower values offer more immediate yet more volatile levels.
Use Extended Hours (Intraday Only):
When enabled (only applicable for Stocks US), it accounts for pre-market and after-hours trading sessions, providing accurate intraday historical line calculations based on extended sessions (typically 780 minutes/day total).
Important Notes and Compliance:
- This indicator does not provide trading signals, recommendations, or predictions. It serves purely as a visual analytical tool to supplement traders’ existing methods.
- Historical lines plotted are strictly based on past available price data; the indicator never accesses future data or data outside the scope of Pine Script’s standard capabilities.
- The script incorporates built-in logic to avoid runtime errors if insufficient historical data exists for a selected timeframe, ensuring robustness even with limited historical bars.
- TimeMap is original work developed exclusively by Julien Eche (@Julien_Eche). It does not reuse or replicate third-party or existing open-source scripts.
Recommended Best Practices:
- Use TimeMap as a complementary analytical reference, not as a standalone strategy or trade decision-making tool.
- Adapt displayed historical periods and smoothing settings based on your trading style and market approach.
- Default plot colors are optimized for readability on dark-background charts; adjust as necessary according to your preference and chart color scheme.
This script is published open-source to benefit the entire TradingView community and fully complies with all TradingView script publishing rules and guidelines.
Ciclos
PSP - Precision CandlePSP Precision Spotting Points (PSP) Indicator
The PSP Precision Spotting Points (PSP) Indicator is designed for traders seeking to identify high-probability reversal zones by detecting PSP setups with precision. PSPs are Potential Swing Points that often precede market reversals or significant price reactions. This indicator simplifies the process of spotting these opportunities by highlighting areas of interest based on market structure, correlation imbalances, and wick rejections.
📌 Key Features:
PSP Detection: Accurately identifies Potential Swing Points by scanning for candle patterns that suggest a shift in momentum.
Precision Entry Zones: Marks areas where price is likely to react, offering clear visual cues for optimal trade execution.
Smart Filtering: Filters out low-quality signals using advanced volatility and liquidity analysis.
Wick Confirmation: Validates PSP setups using wick rejections and correlation cracks, enhancing the probability of a successful trade.
Customizable Alerts: Stay informed with real-time notifications when a PSP is detected.
🛠️ How It Works:
Candle Analysis: Scans for specific price action patterns where candle body-to-wick ratios and volatility suggest a Potential Swing Point.
Correlation Cracks: Detects discrepancies between correlated instruments, adding confluence to PSP setups.
POI Alignment: Highlights areas near Points of Interest (POIs) like Fair Value Gaps (FVGs), previous highs/lows, and session kill zones.
Rejection Confirmation: Ensures PSPs are validated through wick-based rejection patterns, minimizing false signals.
True Open CalculationsIndicator Description: True Open Calculations
This custom Pine Script indicator calculates and plots key "True Open" levels based on specific time intervals and trading sessions. The True Open levels represent significant price points on the chart, helping traders identify key reference points tied to various market opening times. These levels are important for understanding price action in relation to market sessions and trading cycles. The indicator is designed to plot lines corresponding to different "True Opens" on the chart and display labels with the associated information.
Key Features:
True Year Open:
This represents the opening price on the first Monday of April each year. It serves as a reference point for the yearly price level.
Plot Color: Green.
True Month Open:
This represents the opening price on the second Monday of each month. It helps in identifying monthly trends and provides a key reference for monthly price movements.
Plot Color: Blue.
True Week Open:
This represents the opening price every Monday at 6:00 PM. It gives traders a level to track weekly opening movements and can be useful for weekly trend analysis.
Plot Color: Orange.
True Day Open:
This represents the opening price at 12:00 AM (midnight) each day. It serves as a daily benchmark for price action at the start of the trading day.
Plot Color: Red.
True New York Session Open:
This represents the opening price at 7:30 AM (New York session start time). This level is crucial for traders focused on the New York trading session.
Plot Color: Purple.
Additional Features:
Labels: The indicator displays labels to the right of each plotted line to describe which "True Open" it represents (e.g., "True Year Open," "True Month Open," etc.).
Dynamic Plotting: The lines are only plotted on the current candle, and the lines are dynamically updated for each time period based on the corresponding "True Open."
Visual Cues: The colors of the plotted lines (green, blue, orange, red, purple) help quickly distinguish between different "True Open" levels, making it easy for traders to track price action and make informed decisions.
Use Cases:
Yearly, Monthly, Weekly, Daily, and Session Benchmarking: This indicator provides traders with important price levels to use as benchmarks for the current year, month, week, and day, helping to identify trends and potential reversals.
Session Awareness: It is particularly useful for traders who want to track key market sessions, such as the New York session, and their impact on price movement.
Long-term Analysis: By including the yearly open, this indicator helps traders gain a broader perspective on market trends and provides context for analyzing shorter-term price movements.
Benefits:
Helps identify important reference points for longer-term trends (yearly, monthly) as well as shorter-term moves (daily, weekly, and session).
Visually intuitive with color-coded lines and labels, allowing quick and easy identification of key market open levels.
Dynamic and real-time: The indicator plots and updates the True Open levels dynamically as the market progresses.
PriorHourRangeLevels_v0.1PriorHourRangeLevels_v0.1
Created by dc_77 | © 2025 | Mozilla Public License 2.0
Overview
"PriorHourRangeLevels_v0.1" is a versatile Pine Script™ indicator designed to help traders visualize and analyze price levels based on the prior hour’s range. It overlays key levels—High, Low, 75%, 50% (EQ), and 25%—from the previous hour onto the current price chart, alongside the current hour’s opening price. With customizable display options and time zone support, it’s ideal for intraday traders looking to identify support, resistance, and breakout zones.
How It Works
Hourly Reset: The indicator detects the start of each hour based on your chosen time zone (e.g., "America/New_York" by default).
Prior Hour Range: It calculates the High and Low of the previous hour, then derives three additional levels:
75%: 75% of the range above the Low.
EQ (50%): The midpoint of the range.
25%: 25% of the range above the Low.
Current Hour Open: Displays the opening price of the current hour.
Projection: Lines extend forward (default: 24 bars) to project these levels into the future, aiding in real-time analysis.
Alerts: Triggers alerts when the price crosses any of the prior hour’s levels (High, 75%, EQ, 25%, Low).
Key Features
Time Zone Flexibility: Choose from options like UTC, New York, Tokyo, or London to align with your trading session.
Visual Customization:
Toggle visibility for each level (High, Low, 75%, EQ, 25%, Open, and Anchor).
Adjust line styles (Solid, Dashed, Dotted), colors, and widths.
Show or hide labels with adjustable sizes (Tiny, Small, Normal, Large).
Anchor Line: A vertical line marks the start of the prior hour, with optional labeling.
Alert Conditions: Set up notifications for price crossings to catch key moments without watching the chart.
Usage Tips
Use the High and Low as potential breakout levels, while 75%, EQ, and 25% act as intermediate support/resistance zones.
Trend Confirmation: Watch how price interacts with the EQ (50%) level to gauge momentum.
Session Planning: Adjust the time zone to match your market (e.g., "Europe/London" for FTSE trading).
Projection Offset: Extend or shorten the lines (via "Projection Offset") based on your chart timeframe.
Inputs
Time Zone: Select your preferred market time zone.
Anchor Settings: Show/hide the prior hour start line, style, color, width, and label.
Level Settings: Customize visibility, style, color, width, and labels for Open, High, 75%, EQ, 25%, and Low.
Display: Set projection length and label size.
SessionRangeLevels_v0.1SessionRangeLevels_v0.1
Overview:
SessionRangeLevels_v0.1 is a customizable Pine Script (v6) indicator designed to plot key price levels based on a user-defined trading session. It identifies the high and low of the session and calculates intermediate levels (75%, 50% "EQ", and 25%) within that range. These levels are projected forward as horizontal lines with accompanying labels, providing traders with dynamic support and resistance zones. The indicator supports extensive customization for session timing, time zones, line styles, colors, and more.
Key Features:
Session-Based Range Detection: Tracks the high and low prices during a specified session (e.g., 0600-0900) and updates them dynamically as the session progresses.
Customizable Levels: Displays High, 75%, EQ (50%), 25%, and Low levels, each with independent toggle options, styles (Solid, Dashed, Dotted), colors, and widths.
Session Anchor: Optional vertical line marking the session start, with customizable style, color, and width.
Projection Offset: Extends level lines forward by a user-defined number of bars (default: 24) for future price reference.
Labels: Toggleable labels for each level (e.g., "High," "75%," "EQ") with adjustable size (Tiny, Small, Normal, Large).
Time Zone Support: Aligns session timing to a selected time zone (e.g., America/New_York, UTC, Asia/Tokyo, etc.).
Alert Conditions: Triggers alerts when the price crosses any of the plotted levels (High, 75%, EQ, 25%, Low).
Inputs:
Session Time (HHMM-HHMM): Define the session range (e.g., "0600-0900" for 6:00 AM to 9:00 AM).
Time Zone: Choose from options like UTC, America/New_York, Europe/London, etc.
Anchor Settings: Toggle the session start line, adjust its style (default: Dotted), color (default: Black), and width (default: 1).
Level Settings:
High (Solid, Black, Width 2)
75% (Dotted, Blue, Width 1)
EQ/50% (Dotted, Orange, Width 1)
25% (Dotted, Blue, Width 1)
Low (Solid, Black, Width 2)
Each level includes options to show/hide, set style, color, width, and label visibility.
Projection Offset: Number of bars to extend lines (default: 24).
Label Size: Set label size (default: Small).
How It Works:
The indicator detects the start and end of the user-defined session based on the specified time and time zone.
During the session, it tracks the highest high and lowest low, updating the levels in real-time.
At the session start, it plots the High, Low, and intermediate levels (75%, 50%, 25%), projecting them forward.
Lines and labels dynamically adjust as new highs or lows occur within the session.
Alerts notify users when the price crosses any active level.
Usage:
Ideal for traders who focus on session-based strategies (e.g., London or New York open). Use it to identify key price zones, monitor breakouts, or set targets. Customize the appearance to suit your chart preferences and enable alerts for real-time trading signals.
Notes:
Ensure your chart’s timeframe aligns with your session duration for optimal results (e.g., 1-minute or 5-minute charts for short sessions).
The indicator overlays directly on the price chart for easy integration with other tools.
[iQ]PRO Master iQWave SystemWelcome to the PRO Master iQWave System, an exclusive, ndicator crafted for TradingView. This cutting-edge tool harnesses sophisticated mathematical models to deliver precise buy and sell signals, empowering traders with a comprehensive view of market dynamics.
Key Features
Advanced Analytical Framework: Seamlessly integrates state-of-the-art techniques in signal processing, statistical analysis, and market profiling to uncover high-probability trading opportunities.
Holistic Market Insight: Combines proprietary methods for data transformation, frequency-based cycle detection, adaptive trend and seasonality extraction, and moment-driven anomaly identification—offering a multi-dimensional approach to price analysis.
Customizable Precision: With a wide range of user inputs, traders can tailor the system to their unique strategies and adapt it to diverse market conditions, ensuring flexibility across asset classes and timeframes.
Intuitive Visual Feedback: Displays critical insights directly on your chart, including adaptive fits, statistical boundaries, market profile levels, and a clear, actionable signal label—making complex analysis accessible at a glance.
Why Choose PRO Master iQWave System?
Designed for experienced traders, this indicator stands out by blending advanced analytics with practical usability. Whether you're identifying reversals, filtering noise, or gauging market structure, the PRO Master iQWave System equips you with a robust, all-in-one solution. Its proprietary algorithms distill intricate market data into actionable signals, helping you stay ahead of the curve.
Elevate Your Trading
Experience the power of next-level technical analysis. The PRO Master iQWave System is more than an indicator—it's a strategic edge, reserved for those ready to unlock its potential. Take your trading to new heights with this exclusive tool, available only by invitation.
ADvM, of MMiQ
BTC & SPX vs Yield Curve: Recession Risk ZonesBTC & SPX vs Yield Curve – Recession Risk Zones
This tool helps you track Bitcoin (BTC) and the S&P 500 (SPX) against key macro signals from the U.S. yield curve to spot potential recession risks.
🟪 Color Legend:
🔴 Red = Yield curve is inverted (warning starts)
🟡 Yellow = Projected 6–18 month recession risk (if inversion still active)
🟠 Orange = Active 6–18 month risk window (after inversion ends)
💜 Fuchsia = Real historical U.S. recessions
📈 What’s Plotted:
🔵 BTCUSD (blue line) – Normalized price
🟢 S&P 500 (green line) – Normalized price
🟠 10Y–2Y Yield Spread – Macro signal for risk
✅ Use it to:
Spot macro pressure zones
See how BTC and SPX behave around economic stress
Stay cautious when red/orange/yellow areas appear
Let me know if you'd like to enable toggles to hide/show BTC or SPX independently!
alphaJohnny Dynamic RSI IndicatorAlphaJohnny Dynamic RSI Indicator (Dyn RSI)
The Dynamic RSI Indicator (Dyn RSI) is a custom Pine Script tool designed for TradingView that aggregates Relative Strength Index (RSI) signals from multiple timeframes to provide a comprehensive view of market momentum. It combines RSI data from Weekly, Daily, 4-hour, 1-hour, and 30-minute intervals, offering traders a flexible and customizable way to analyze trends across different periods.
Key Features:
Multi-Timeframe RSI Aggregation: Combines RSI signals from user-selected timeframes for a holistic momentum assessment.
Dynamic or Equal Weighting: Choose between correlation-based dynamic weights (adjusting based on each timeframe’s correlation with price changes) or equal weights for simplicity.
Smoothed Momentum Line: A visually intuitive line that reflects the strength of the aggregate signal, smoothed for clarity.
Color-Coded Signal Strength:
Dark Green: Strong buy signal
Light Green: Weak buy signal
Yellow: Neutral
Light Red: Weak sell signal
Dark Red: Strong sell signal
Visual Markers: Large green triangles at the bottom for strong buy signals and red triangles at the top for strong sell signals.
How to Use:
Apply to Chart: Add the indicator to your TradingView chart (it will appear in a separate pane).
Customize Settings: Adjust inputs like RSI period, signal thresholds, included timeframes, weighting method, and smoothing period to fit your trading style.
Interpret Signals:
Momentum Line: Watch for color changes to gauge market conditions.
Triangles: Green at the bottom for strong buy opportunities, red at the top for strong sell opportunities.
Notes:
The indicator is designed for a separate pane (overlay=false), with triangles positioned relative to the pane’s range.
Fine-tune thresholds and weights based on your strategy and the asset being analyzed.
The source code is open for modification to suit your needs.
This indicator is ideal for traders seeking a multi-timeframe perspective on RSI to identify potential trend reversals and momentum shifts.
M2SL/DXY RatioThis is the ratio of M2 money supply (M2SL) to the U.S. dollar index (DXY), taking into account the impact of U.S. dollar strength and weakness on liquidity.
M2SL/DXY better represents the current impact of the United States on cryptocurrency prices.
AnarchoEconomy 9-11 Weeks CyclesThis script is, with pleasure, written for the @AnarchoEconomy with his logic and strategy.
TO BE USED ONLY ON 1 WEEK TIMEFRAME!
1. Set the date in the settings to choose the all-time high on your pair.
2. The indicator divides price action into cycles.
3. A bullish cycle lasts 9 weeks.
4. A bearish cycle lasts 11 weeks.
5. A table displays the current symbol, trend, and week count.
For every next closed bullish cycle, you should know that the next two weeks could turn it into the bearish. If not, the new cycle will restart after 9 weeks of bullish close.
Basic Pivot-Based S/R with Stopping LinesBasic Pivot-Based S/R with Intrabar Pressure Analysis
Overview:
This indicator identifies potential support and resistance levels based on a combination of traditional pivot point analysis and a unique intrabar volume pressure assessment. It goes beyond simply identifying pivot highs and lows; it qualifies these pivots by examining the underlying buying and selling pressure within the candles that form the pivot. This approach aims to identify stronger, more reliable support and resistance levels than those based on price action alone.
Core Concepts and Calculations:
Pivot Points: The indicator uses the standard ta.pivothigh() and ta.pivotlow() functions to detect pivot highs and lows. The user can choose whether to use the candle wicks ("Wick" mode) or the candle bodies ("Body" mode) for pivot detection. The leftBars and rightBars parameters control the number of bars on either side of the pivot used in the calculation.
Intrabar Volume Pressure: This is the indicator's key differentiator. It analyzes the volume distribution within each candle by accessing data from a lower timeframe (specified by the user, defaulting to 1-second data). For each candle:
Up Volume: The total volume associated with price increases within the candle is calculated (on the lower timeframe). This uses the volume multiplied by how much the price has moved up.
Down Volume: The total volume associated with price decreases within the candle is calculated (on the lower timeframe). This uses the volume multiplied by how much the price has moved down.
These up and down volumes are then summed across all lower timeframe candles.
Pressure Imbalance at Pivots: The indicator then checks for a specific condition at each identified pivot point
These lines are dynamic. They continue to extend to the right as long as the price does not decisively cross them.
A support line (green) stops extending if the price closes below the line.
A resistance line (red) stops extending if the price closes above the line. *This behavior reflects the idea that a support/resistance level is "validated" as long as the price respects it and "invalidated" once the price breaks through.
Interpretation and Usage:
The core idea is that a pivot point where the internal volume pressure contradicts the external price action (e.g., a green candle with more selling pressure) is a stronger and more reliable support or resistance level. This suggests that there's hidden buying or selling interest at that level, which may not be immediately obvious from the candlestick pattern alone.
Green Lines (Support): Indicate potential areas where buyers are likely to step in, even if the price is currently declining. These are levels where buying pressure was surprisingly strong despite a red candle forming at a pivot low.
Red Lines (Resistance): Indicate potential areas where sellers are likely to emerge, even if the price is currently rising. These are levels where selling pressure was surprisingly strong despite a green candle forming at a pivot high.
Line Extensions: The length of the line indicates how long the support or resistance level has held. Longer lines suggest stronger, more established levels.
Line Breaks: When a line stops extending, it indicates that the support or resistance level has been broken. This can be a signal of a potential trend change or a breakout.
Advantages:
Combines Price and Volume: Integrates both price action (pivots) and volume information (intrabar pressure) for a more comprehensive analysis.
Identifies "Hidden" S/R: Highlights support and resistance levels that might be missed by traditional pivot analysis.
Dynamic Lines: The lines adapt to market conditions, extending only as long as the S/R level remains valid.
Simple Visualization: Uses clear, horizontal lines for easy identification of potential support and resistance.
High Resolution Data: Uses data from a user selectable lower timeframe for better accuracy.
Limitations:
Lower Timeframe Data Dependency: The accuracy of the intrabar pressure analysis depends on the availability and quality of lower timeframe data.
Parameter Sensitivity: The indicator's performance is influenced by the pivot detection parameters (leftBars, rightBars) and the chosen lowerTimeframe.
Not a Standalone System: This indicator, like all indicators, should be used in conjunction with other forms of analysis and as part of a complete trading strategy.
In summary, this indicator offers a refined approach to identifying support and resistance levels by combining classic pivot point analysis with a detailed examination of the volume dynamics within the candles that form those pivots. This provides a more nuanced view of buying and selling pressure, potentially leading to the identification of stronger and more reliable S/R levels.
Lukiano BTC 369 Close MarkerThis indicator highlights candles where the closing price reduces to 3, 6, or 9 based on digital root calculation (sum of digits).
🔵 Blue dot = 3
🟢 Green dot = 6
🔴 Red dot = 9
Inspired by Tesla’s 369 theory and adapted for BTC traders who want to explore alternative energy-based signals.
Created by @Lukiano
Touch HMA + ATR Band Bands Alert (NTY88)🔔 Precision Alerts | No Repainting | ATR-Based Touch Detection | HMA Trend Coloring
This script is a clean and powerful tool designed to help you catch precise market reversals using ATR Band touches combined with trend-following logic.
📌 How It Works
A custom Hull Moving Average (HMA) is used to track the trend.
Two dynamic ATR-based bands are drawn above and below the HMA.
A signal is generated when the closing price touches the upper or lower ATR band within a small tolerance zone.
✅ Key Features
🔁 Alternating Signals: Only one Buy → then one Sell → then Buy again. No signal spam.
🟢🔴 Color-Changing HMA Line: Green = HMA rising | Red = HMA falling
📏 Price Tolerance Input: Define how close the candle must be to the ATR band to trigger a signal.
🔔 Real-Time Alerts: Easily set alerts for Buy and Sell signals — works in live markets.
🚫 No Repainting: All signals are confirmed at candle close and will not change afterward.
🎯 When to Use
Great for trend reversals, scalping zones, or identifying potential exhaustion points.
Works well on any timeframe or market (crypto, stocks, forex).
💬 Pro Tip:
Combine this with RSI, Volume, or ADX filters to build a complete confluence system.
📈 Built for traders who love clean logic, precision entries, and visual clarity.
Suppot and resistance & BUY SELL SIGNALSThis indicator is highly customizable and suitable for traders of all experience levels. By adjusting the input settings, traders can tailor the indicator to their specific needs and trading strategies.
Melody Markets Breaks
🎵 Melody Markets Breaks – The Ultimate Breakout & Trend Indicator 🎵
📌 Indicator Description
The Melody Markets Breaks indicator is an advanced tool designed to help traders identify price breakouts and key trend areas using a powerful combination of moving averages, Bollinger Bands, and advanced signal detection.
🔍 Key Features
✅ Breakout Detection → Identifies the first bullish and bearish breakouts, with optional filtering for better accuracy.
✅ Breakout Validation → Highlights confirmed breakouts to avoid false signals.
✅ Dynamic Moving Averages → Display various moving averages (MM7, MM20, MM50, MM100, MM200) with dynamic colors to spot trends easily.
✅ Trend Clouds (MM Clouds) → Clear visualization of trends using MM20-MM50 and MM100-MM200 cloud formations.
✅ Multiple Bollinger Bands → Three types of BB (Forex, Indices, Magic) to analyze market compression and expansion zones.
✅ Zero Gravity Bubbles → Identifies extreme price movements outside the Bollinger Bands.
✅ Automated Alerts → Instant notifications for breakouts, reintegrations, and trading signals so you never miss an opportunity.
✅ Full Customization → Enable or disable features to match your trading style.
📖 How to Use Melody Markets Breaks?
1️⃣ Set Up Moving Averages: Activate the MAs you want to display (MM7, MM20, MM50, etc.) and choose the calculation method (SMA, EMA, WMA, etc.).
2️⃣ Monitor Breakouts: Look for triangles on the chart indicating a price breakout. You can choose to display all breakouts or only filtered breakouts (those aligned with the trend).
3️⃣ Confirm Valid Breakouts: Validated breakouts are more reliable since they consider multiple candles to filter out false signals.
4️⃣ Analyze Bollinger Bands: Activate BBs to spot compression and expansion phases in the market.
5️⃣ Detect Zero Gravity Bubbles: If the price moves strongly outside the BBs, a yellow bubble appears, signaling an extreme move that might revert.
6️⃣ Receive Alerts: Activate alerts to get notified of breakouts and trading signals in real time.
7️⃣ Customize Your View: Disable unnecessary elements to keep your chart clean and easy to read.
🎯 Who Is This Indicator For?
🔹 Scalpers looking for quick entries after a breakout.
🔹 Day traders confirming intraday trends.
🔹 Swing traders identifying key levels for longer positions.
🔹 Beginners who want a clear and effective market reading tool.
🔥 Conclusion
Melody Markets Breaks is a powerful and comprehensive tool that allows you to analyze the market with clarity, detect high-probability breakouts, and optimize your trading decisions.
📌 Add it to your chart now and gain an edge in the market! 🚀
Normalized FX Weighted Daily % Change vs DXYThis indicator tracks international liquidity flows by measuring the USD’s relative strength against major currencies—EUR, CNY, JPY, GBP, and CAD. It calculates the weighted percentage change of each pair over a specified interval. A positive reading means the USD is weakening (liquidity flowing out of the US), while a negative reading indicates the USD is strengthening (liquidity flowing in). Additionally, the indicator incorporates the DXY index and VIX, with all components normalized using Z-scores for clear, comparable insights into market dynamics.
Interval & Session Market StatisticsThe "Interval & Session Market Statistics" indicator is designed to uncover recurring patterns and market inefficiencies by analyzing market cycles. By breaking down price movements into defined intervals and sessions, this tool helps traders pinpoint periods of strength and weakness—identifying both bullish and bearish trends with clear percentage breakdowns. Its comprehensive visual tables make it easier to detect accumulation, distribution, and potential turning points, providing valuable insights that can be leveraged to optimize trading strategies.
Important: If the indicator does not reveal a strong bias toward either short or long positions and the statistics hover around 50%, consider reducing the analysis start date and adjusting the end time of the first interval in the settings. Over longer periods, the market tends to revert to a 50/50 balance, so significant deviations are often more visible in weekly or monthly intervals. Since this indicator focuses on intraday cycles, fine-tuning these parameters is crucial for capturing actionable trends.
Индикатор "Interval & Session Market Statistics" разработан для выявления закономерностей и неэффективностей на основе рыночных циклов. Разбивая ценовые движения на заданные интервалы и сессии, инструмент помогает трейдерам определить периоды силы и слабости, выявляя как бычьи, так и медвежьи тренды с наглядным процентным отображением. Подробные таблицы позволяют обнаруживать зоны накопления и распределения, а также потенциальные разворотные моменты, что даёт ценные данные для оптимизации торговых стратегий.
Важно: Если индикатор не выявляет ярко выраженного перекоса в сторону шортового или лонгового приоритета, и статистика колеблется в районе 50%, рекомендуется уменьшить дату начала анализа и поработать с окончанием первого интервала в настройках индикатора. На более длительных периодах рынок обычно стремится к балансу в 50%, поэтому существенные отклонения эффективнее искать в рамках недельных или месячных интервалов. Поскольку данный индикатор ориентирован на внутридневные циклы, корректировка этих параметров имеет решающее значение для выявления значимых трендов.
Time Marker Pro: Vertical Line at Key Times)Smart Vertical Line at Specific Time (with Timezone, Color, and Width Controls)
This script draws a vertical line on your chart at a user-defined time once per day, based on the selected timezone.
🕒 Key Features:
Set your target hour and minute
Choose from a list of common timezones (Tehran, UTC, New York, etc.)
Customize the line color and thickness
Works across all intraday timeframes (1min, 5min, 15min, etc.)
Adjusts automatically to bar intervals — no need for exact time matching
This is perfect for traders who want to:
Highlight the start of a session
Mark specific news times, breakouts, or routine entries
Visualize key time-based levels on the chart
US Presidents (Alternating Fills by Order)📜 Indicator Description: US Presidents Background Fill
This indicator highlights the terms of U.S. Presidents on your chart with alternating red and blue background fills based on their political party:
• 🟥 Republicans = Red
• 🟦 Democrats = Blue
• 🎨 Dark/Light shading alternates with each new president to clearly distinguish consecutive terms, even within the same party.
The fill starts from President Ulysses S. Grant (18th President, 1873) through to the 47th president in 2025. It is designed to work with any asset and automatically adapts to the visible date range on your chart.
Ideal for visualizing macro trends, historical context, and how markets may have reacted under different political administrations.
[COG]S&P 500 Weekly Seasonality ProjectionS&P 500 Weekly Seasonality Projection
This indicator visualizes S&P 500 seasonality patterns based on historical weekly performance data. It projects price movements for up to 26 weeks ahead, highlighting key seasonal periods that have historically affected market performance.
Key Features:
Projects price movements based on historical S&P 500 weekly seasonality patterns (2005-2024)
Highlights six key seasonal periods: Jan-Feb Momentum, March Lows, April-May Strength, Summer Strength, September Dip, and Year-End Rally
Customizable forecast length from 1-26 weeks with quick timeframe selection buttons
Optional moving average smoothing for more gradual projections
Detailed statistics table showing projected price and percentage change
Seasonality mini-map showing the full annual pattern with current position
Customizable colors and visual elements
How to Use:
Apply to S&P 500 index or related instruments (daily timeframe or higher recommended)
Set your desired forecast length (1-26 weeks)
Monitor highlighted seasonal zones that have historically shown consistent patterns
Use the projection line as a general guideline for potential price movement
Settings:
Forecast length: Configure from 1-26 weeks or use quick select buttons (1M, 3M, 6M, 1Y)
Visual options: Customize colors, backgrounds, label sizes, and table position
Display options: Toggle statistics table, period highlights, labels, and mini-map
This indicator is designed as a visual guide to help identify potential seasonal tendencies in the S&P 500. Historical patterns are not guarantees of future performance, but understanding these seasonal biases can provide valuable context for your trading decisions.
Note: For optimal visualization, use on Daily timeframe or higher. Intraday timeframes will display a warning message.
[COG]Nasdaq Weekly Seasonality ProjectionNasdaq Weekly Seasonality Projection
This indicator provides a visualization of Nasdaq seasonality patterns based on historical weekly performance data. It projects price movements for up to 26 weeks ahead, highlighting key seasonal periods that have historically affected tech stocks.
Key Features:
Projects price movements based on historical Nasdaq weekly seasonality patterns
Highlights six key seasonal periods: January Effect, March Lows, April-May Strength, Tech Summer Rally, September Dip, and Q4 Tech Rally
Customizable forecast length from 1-26 weeks with quick timeframe selection buttons
Optional moving average smoothing for more gradual projections
Detailed statistics table showing projected price and percentage change
Seasonality mini-map showing the full annual pattern with current position
Customizable colors and visual elements
How to Use:
Apply to Nasdaq indices or tech-focused instruments (daily timeframe or higher recommended)
Set your desired forecast length (1-26 weeks)
Monitor highlighted seasonal zones that have historically shown consistent patterns
Use the projection line as a general guideline for potential price movement
Settings:
Forecast length: Configure from 1-26 weeks or use quick select buttons (1M, 3M, 6M, 1Y)
Visual options: Customize colors, backgrounds, label sizes, and table position
Display options: Toggle statistics table, period highlights, labels, and mini-map
This indicator is designed as a visual guide to help identify potential seasonal tendencies in Nasdaq and tech stocks. Historical patterns are not guarantees of future performance, but understanding these seasonal biases can provide valuable context for your trading decisions.
Note: For optimal visualization, use on Daily timeframe or higher. Intraday timeframes will display a warning message.
HTF Coloured PeriodThe "HTF Coloured Period" indicator colors the candles on the current chart based on the direction of a higher timeframe (HTF) candle. Here's how it works:
Higher Timeframe Selection :
- The user can set the higher timeframe period, which can be adjusted in minute increments. The default is 1 day (1440 minutes) , but it can be customized to any desired timeframe.
Higher Timeframe Data :
- The indicator compares the open and close prices of the higher timeframe's candle.
Direction Determination :
- If the higher timeframe candle is bullish ( close > open ), it considers the candle as green .
Coloring Candles :
- If the higher timeframe candle is bullish, the current chart's candles are colored green . If it's bearish, the candles are colored red .
The result is a visual indicator where the lower timeframe candles are color-coded based on whether the higher timeframe candle is bullish or bearish, helping to identify alignment with the higher timeframe trend.
Power Balance Bull&Bear - CoffeeKillerPower Balance Bull&Bear - CoffeeKiller Indicator Guide
Welcome traders! This guide will walk you through the Power Balance Bull&Bear indicator, a unique and powerful market analysis tool developed by CoffeeKiller that visualizes the ongoing battle between buyers and sellers in any market.
Core Concept: Buyers vs. Sellers
The foundation of this indicator rests on a simple yet profound concept: every price movement in the market represents a battle between buyers and sellers.
Positive Green Line: Buyer Power
- Represents cumulative buying pressure in the market
- Tracks positive directional movement over a specified period
- Rising positive line indicates increasing buying momentum
- Peaks in the positive line show moments of maximum buyer dominance
Negative Red Line: Seller Power
- Represents cumulative selling pressure in the market
- Tracks negative directional movement over a specified period
- Falling negative line indicates increasing selling momentum
- Troughs in the negative line show moments of maximum seller dominance
Master Line: Market Balance
- Calculated as the difference between positive and negative movements
- Above zero: buyers are in control
- Below zero: sellers are in control
- Peaks and troughs: moments of extreme buyer or seller dominance
Core Components
1. Directional Movement Analysis
- Cumulative measurement of price changes in both directions
- Normalization for consistent visualization
- Optional smoothing for clearer signals
- Custom box size for sensitivity control
2. Distance Measurement
- Calculation of separation between buyer and seller lines
- Convergence and divergence thresholds
- Dynamic fill coloring based on distance trends
- Distance trend visualization
3. Peak Detection System
- Identification of local maxima and minima in buyer/seller dominance
- Background highlighting of significant peaks
- Zero-line cross detection for trend changes
- Visual cues for market extremes
4. Trend Analysis
- Buyer/seller line crossovers for major trend signals
- Distance trending for momentum confirmation
- Status monitoring (Near, Far, Normal)
- Direction tracking for both buyer and seller lines
Main Features
Time Resolution Settings
- Normal mode: calculations based on chart timeframe
- Custom resolution mode: calculations based on specified timeframe
- Multi-timeframe analysis capabilities
- Flexible time projection options
Visual Elements
- Color-coded buyer and seller lines
- Dynamic fill coloring based on convergence/divergence
- Background highlighting for significant peaks
- Distance line with threshold markers
Signal Generation
- Buyer/seller crossover alerts
- Convergence/divergence notifications
- Peak detection signals
- Status change alerts
Analysis Table(I personally don't use the table it was coded to take longer signals to show strength or weakness in overall trend)
- Current distance measurement
- Distance trend indication
- Status monitoring (Near, Far, Normal)
- Buyer and seller line trend tracking
Trading Applications
1. Trend Identification
- Buyer line crossing above seller line: bullish trend beginning
- Seller line crossing above buyer line: bearish trend beginning
- Distance between lines: trend strength
- Distance trending: momentum confirmation
2. Reversal Detection
- Peak formation after extended trend: potential exhaustion
- Buyer/seller line convergence: decreasing trend strength
- Distance falling below convergence threshold: potential trend change
- Background highlighting: visual cue for significant peaks
3. Momentum Analysis
- Increasing distance: accelerating trend
- Decreasing distance: decelerating trend
- Distance above divergence threshold: strong momentum
- Distance below convergence threshold: weak momentum
4. Market Balance Assessment
- Buyer line trend: indicates strength/weakness of bulls
- Seller line trend: indicates strength/weakness of bears
- Master line position relative to zero: overall market bias
- Distance between lines: consensus or disagreement in the market
Optimization Guide
1. Period Settings
- Longer period: smoother signals, less noise, fewer false signals
- Shorter period: more responsive, captures minor moves, potentially more noise
- Default (20): balanced approach for most timeframes
2. Box Size Parameter
- Smaller box size: more sensitive to price changes
- Larger box size: less sensitive, focuses on major moves
- Default (0.001): calibrated for typical price ranges
3. Distance Thresholds
- Convergence threshold: determines when lines are considered "near"
- Divergence threshold: determines when lines are considered "far"
- Adjusting these based on volatility of the instrument
4. Color Customization
- Positive Green line: representing buyer strength
- Negative Red line: representing seller strength
- Diverging fill: when the gap between buyers and sellers is increasing
- Converging fill: when buyers and sellers are moving closer together
Best Practices
1. Signal Confirmation
- Wait for buyer/seller crossovers to confirm
- Look for background highlighting at peaks
- Check distance trends for momentum confirmation
- Use the analysis table for additional context
2. Timeframe Selection
- Lower timeframes: more signals, potential noise
- Higher timeframes: cleaner signals, less frequent
- Custom resolution: allows comparison across timeframes
- Consider using multiple timeframes for confirmation
3. Market Context
- Strong buyer line rising + weak seller line: very bullish
- Strong seller line falling + weak buyer line: very bearish
- Both lines rising: volatile uptrend
- Both lines falling: volatile downtrend
4. Combining with Other Indicators
- Use with trend indicators for confirmation
- Pair with oscillators for overbought/oversold conditions
- Combine with volume analysis for validation
- Consider support/resistance levels when peaks form
Advanced Trading Strategies
1. Buyer/Seller Balance Strategy
- Enter long when buyer line crosses above seller line
- Enter short when seller line crosses above buyer line
- Use distance trend for filtering quality of signals
- Exit when distance falls below convergence threshold
2. Peak Trading Strategy
- Identify significant peaks with background highlighting
- Look for consecutive lower peaks in buyer line for shorting opportunities
- Look for consecutive higher troughs in seller line for buying opportunities
- Use master line crosses through zero as confirmation
3. Convergence/Divergence Strategy
- Enter positions when distance exceeds divergence threshold (strong trend)
- Take partial profits when distance starts decreasing
- Exit fully when distance falls below convergence threshold
- Re-enter when a new trend forms with increasing distance
4. Line Trend Combination Strategy
- Strongest bullish signal: Rising buyer line + falling seller line + increasing distance
- Strongest bearish signal: Falling buyer line + rising seller line + increasing distance
- Potential reversal signal: Decreasing distance + peak formation + line trend change
- Continuation signal: Consistent buyer/seller dominance + increasing distance after consolidation
Practical Analysis Examples
Bullish Market Scenario
- Buyer line trends upward as buying pressure increases
- Seller line remains flat or trends downward as selling pressure decreases
- Distance between lines expands, showing divergence (strong trend)
- Positive background highlights appear at new peaks in buyer dominance
- Master line moves further above zero
Bearish Market Scenario
- Seller line trends downward as selling pressure increases
- Buyer line remains flat or trends downward as buying pressure decreases
- Distance between lines expands, showing divergence (strong trend)
- Negative background highlights appear at new troughs in seller dominance
- Master line moves further below zero
Consolidation Scenario
- Buyer and seller lines move sideways
- Distance between lines narrows, showing convergence
- Few or no new peak highlights appear
- Master line oscillates close to the zero line
- Analysis table shows "Stable" trends for both buyer and seller lines
Understanding Market Dynamics Through Power Balance
At its core, this indicator provides a unique lens to visualize the ongoing battle between bulls and bears:
1. **Relative Strength**: When the buyer line rises faster than the seller line, bulls are gaining strength relative to bears - a bullish signal. When the seller line falls faster than the buyer line, bears are dominating - a bearish signal.
2. **Market Consensus**: Convergence between lines suggests market participants are reaching consensus about price direction. Divergence suggests growing disagreement and potential for stronger moves.
3. **Exhaustion Signals**: Major peaks in either line that are highlighted by background colors suggest moments where one side (buyers or sellers) has reached maximum strength - often precursors to reversals.
4. **Trend Confirmation**: The status indicators (Near, Far, Normal) provide context about the current market phase, helping confirm whether a trend is establishing, continuing strongly, or potentially fading.
Remember:
- Combine signals from buyer/seller lines, distance measurements, and peak formations
- Use appropriate timeframe settings for your trading style
- Monitor the analysis table for additional context
- Consider market conditions and correlate with price action
This indicator works best when:
- Used as part of a comprehensive trading system
- Combined with proper risk management
- Applied with an understanding of current market conditions
- Signals are confirmed by price action and other indicators
**DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Correlation X macroeconomicsFind the correlation between financial assets and the main Brazilian macroeconomic variables:
SELIC rate (Red)
PIB (Green)
Inflation (Blue)
Employment and income (Yellow)
Unlike other indicators that measure the correlation between two assets, the indicator "Correlation X macroeconomics" measures, for example, the correlation that the VALE3 asset has with the SELIC rate.
The correlation is obtained by calculating the variation suffered by a given asset on the day a given Brazilian macroeconomic variable is released.
This indicator can be used on any financial asset.
Use time frame chart = 1 day.
To calculate the correlation, data published by IBGE and the Central Bank of Brazil over a period of time are used. This time period is different depending on the selected macroeconomic variable. Namely:
16 PIB disclosures (4 years)
24 SELIC rate disclosures (3 years)
24 disclosures of IPCA and employment and income data (2 years)
You can select one or more macroeconomic variables to check the effect of correlation separately on each of them.
This indicator "Correlation X macroeconomics" will be updated monthly, as detailed below:
At the end of the day on which the PIB is released
At the end of the day on which employment and income data are released
At the end of the day following the day on which the SELIC rate is published
On the last business day of the month if none of the aforementioned disclosures occur
