Key Levels TheHuntThis indicator is made to show you some key levels on the chart on the different timeframes. You can hide them or show them in the settings. The levels are the Monthly Weekly and Daily opens, current monthly, weekly and daily high / low, last weeks high / low & last daily high / low as well as Monday high and low. These levels can be used as key pivots or key liquidity areas. You can also adjust the time to also use the correct Mon range for forex pairs.
As you can see on the chart, that is how the levels show up on the chart.
Open
CME/FX/ICE Sunday OpenDIsplays a background color for CME futures open, forex market open, and ICE US futures open. Since there are varying opening hours for products offered, the opening hours are mainly for currencies, equity indexes, and precious metals.
Currently,
Forex markets open at 1700 EST
CME futures open at 1700 CST
ICE US futures open at 2000 EST
There are alerts for each open.
Yesterday's open, high, low and closeA very simple script to plot the yesterday's OHLC, to be used in an intraday graph.
There were other scripts like this, but their code was ugly, filthy, smelly, and WET, so I did this.
Custom Time ranges. Daily price ranges.Addition to previous time range script, now containing daily ranges. You can select a day of the week, and have it show the high, low, mid, and open of that day.
For the time bands:
Monday = 2
Tuesday = 3
Wednesday = 4
Thursday = 5
Friday = 6
Saturday = 7
Sunday = 1
Example 1:
1500-1800:2
This will colour the background between 3pm and 6pm on Mondays.
Example 2:
0000-0600:247
This will colour the background between midnight and 6am on Mondays, Wednesdays, and Saturdays.
For the Daily price ranges:
Just select the tick-box forthe day, and then the price levels you'd like to see.
I want to add specific weekly levels to this, for example: week 06 of year 2020, but I've not figured out how to do it yet. If anyone knows, I'd appreciate it if you let me know. I'll then update this script.
As always, any questions you may have, please leave in comments below and I'll respond when I have time.
If you notice anything good with this indicator, let me know. We are all in this to make money after all! ;)
PT High Low Version 1.0 of our PT High Low indicator helps create a visual for the Daily, Weekly, Monthly & Yearly range. These levels will give you an idea of where the price can react if reached. Consider them pivotal areas. We included a toggle that will help you go between the candle's High/Low to the candle's Open/Close. Both features are unique when scalping & swinging. The High/Low will paint a beautiful visual for your day to day trading & the Open/Close will help you determine where price maxed opened & closed for that specified timeframe.
Strategy:
Price tends to gravitate between the Daily level when playing intraday scalps. If playing the weekly, you want to be above the weekly pivot to punt longs & under the weekly level to punt shorts. More likely than not, when the price hits a monthly or yearly level, we get a noticeable reaction off it.
This Oscillator was built around our buy sell indicator & it is used on all time frames for swinging & scalping. It is included as part of the library. Just message us for access!
Gowri_1.0 After going through various ORB stratergy, I wrote this pine script. This gives exact risk and quantity in the right side panel. so, risk management is always taken care of.
When to use: wait for the first five minutes after the market opens.
Which stocks: use with Market gainers after the first five minutes based on the signal.
Risk/reward: Say you have a capital of 50,000 and you want to risk 2% on one trade. So the risk comes out to be 1000. Means you can risk 1000 on one trade.
Let's say the stop loss on your setup comes out to be 5. Just divide the stop by the risk and that's the no. of shares you should trade. In this case 1000/5=200 shares.
Hunt for your targets:
Look for 1:1 or 1:2 target depending on the stop loss. If the stop is wide then go for just 1:1 or else go for 1:2
Tips for short plays:
This strategy works well on long trades rather than on the short side. As on the short side the action, most of the times, is very huge in the first 5 min bar which increases the risk on the trade. However you may apply ORB on the short side If the action is not very strong on the first bar and the stock actually develops a range for the first 30 minutes or so and then breaks it.
CC - Macro Consolidated Interval Display (MCID)Ever wish you didn't have to rapidly flip between 6 different tickers to get the full picture?
Yeah, me too. Do you also wish that you kind of understood how the shift / unshift function works for arrays?
Yeah, I did too. Both of those birds are taken care of with one stone!
The Macro Consolidated Interval Display uses the new Array structure and security to display data for VIX, GLD, TLT, QQQ, SPY and IWM (at a 1D interval) SIMUTANEOUSLY! Regardless of which ticker you're looking at you can get the full picture of macro futures data without flipping around to get it.
This is my first script trying to use arrays. It basically shows the following a 1d interval:
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for VIX.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for GLD.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for TLT.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for QQQ.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for SPY.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for IWM
To make it more or less busy, I've allowed you to toggle off any of the levels you wish. I've also chosen to leave this as open source, as it's nothing too experimental, and I hope that it can gain some traction as an Array example that the public can use! If you don't like the different values that are shown, use this source code example as a spring-board to put values that you do care about onto the labels.
If this code has helped you at all please drop me a like or some constructive criticism if you do not think it's worth a like.
Good luck and happy trading friends. This should be compatible with my CID as well:
If this gets traction, I will post something similar for a dynamic combination of tickers and intervals that you can set yourself.
Highs Lows and OpensThis script is an update to a lovely script by BURSATRENDBANDCHART
There original script gave Daily, Weekly and Monthly Highs but I loved the format
I required
Previous Days Highs and Lows
Previous Week High and Low
Previous Day Open
Previous Week Open
Hope this can be of use
Perfect zonesAs the name says this script will be perfect.
There are 2 types of indicators in the market. Leading and Lagging.
I always prefer to choose a leading which can help me determine my trades future hand.
This script provides few levels which are not just leading but also perfect. This script can be used only on the current day/week/month and can't be used to predict the next sessions movement as this script uses current open price.
Open line - Line drawn based on the open of the candle. I feel this is one of the underrated line. This is a very powerful resistance and support line.
Average 10 days levels - These are just calculated based on average 10 previous days.
Logic is - since the script has stayed within the range for past 10 days it remains to stay in the same levels even today.
So on average this levels works 8/10 times which is very bigger in stock market.
Fibonnaci levels zones - This zone is derived from Thomas de-mark book. This is also a simple level where fibonnaci ratio is used to determine the levels from today's open.
Outer levels - They are also same fibonacci levels which are very much respected by all the stocks and indices.
Provided adjustment levels to determine the range for Day/Week/Month.
Added some code from one of my favorite indicator variable moving average. Thanks to the author of the script.
How to trade using this script.
Apply 10 days average and Fibonacci level zones in the chart
Range bound movement
When the stock open. Try to predict from price action whether the stock is going to be in a small range. Then do a strangle of the strikes just outside the zone.
Trending movement
When the stock seems to be little volatile both the levels applied act a good resistance. Take positions once the range in broken or reversal is happening from the level.
This script is unique because these are not drawn levels based on previous day unlike pivot or Fibonacci, current day open is important in this script.
tip - Use it in banknifty and Nifty with Range bound strategy I have mentioned above.
Happy trading.
Static + Dynamic LevelsShows static and dynamic levels which can act as support/resistance. These are important as there is a lot of users who are interested in buying/selling at these prices.
Static Levels include -
Daily/Weekly/Monthly/Yearly Open (changes color depending on if below or above price)
Previous Daily/Weekly/Monthly/Yearly Open
Previous day's High/Low
Dynamic Levels include -
100/200 Daily MA
100/200 Weekly MA
Decision MakerHere I propose a method to view only relevant decision-making zones for intraday and at that particular time. It is probably one of the cleanest ways to do this and have entire S/R system built-in without having clutter on the chart. This is great for discretionary traders to avoid confusion.
I'm here linking you examples of today;
As you can see, it only displays what is relevant at that particular time and helps you to make a decision in your trade according to it.
This script is for educational purposes only, any past performance is not an assurance of future success and the author does not take responsibility of your actions.
Enjoy~
New Age PivotsHere I'm proposing possibly the simplest and most relevant pivot style for intraday traders like me.
It utilizes fundamentals of the average range and devises S/R around that. Pivot point in this is today's open (colored lime), which is far more relevant than yesterday's/past data based pivots.
This is an attempt to reduce the influence of historical data as much as possible, as traders grow in their experience and skill, this becomes the newest and most successful methodology to stay profitable over the long run. Just my pov.
This is purely for educational purposes, no past performance be it visual or mathematical is a guarantee of success in the future. Use it at your own discretion.
The author takes no responsibility of your individual profit or loss. Also, the script will be checked protected for protection against theft, however, you can use it by adding to your favorites.
I've added the ability to hide and view historical S/R as well, it looks best when your chart is clutter-free.
Enjoy~
Highlight monday and friday with price actionSimple script to show you mondays and fridays and to show you the current open and previous close price plus current close on the candle you are sitting on.
I use this script to back test options strategies, and to look for major price divergence.
This is meant to be used on day candles.
ICT Killzone For Crypto Markets.Adjusted for Crypto 24/7 markets
Adjusted for UTC
i have hidden the asian open range and daily bars on my charts , you can choose to have them on
Less screen clutter
London Open 8:00 - 4:30 - Killzone 7:00 - 9:00
NewYork Open 9:30 - 4:00 Killzone 8:00 - 10:00
Shanghai open 9:15 Killzone 8:00 - 10:00
NOT MY ORIGINAL SCRIPT. JUST MODIFIED VERSION
Quarter Open Price LevelThis tool plots a dynamic level that represents the opening price of each quarter .
Labels provide additional information about the closing price and % change for a particular quarter and allow micro customizations.
Month Open Price LevelThis tool plots a dynamic level that represents the opening price of each month.
Labels provide additional information about closing price and % change for a particular month and allow micro customizations.
OasisTrading OHL Levels This indicator is free to all Oasis Trading Group members.
Open, High, and Low levels for D, W, M, 90D, 12M.
Labels and Alerts coming soon.
For Access or Questions: Private message us. Thank you.
NSDT Daily Gap RangeSimple script that plots the range between the previous day close and the current day open. This makes it easier to reference the gap up or gap down zone throughout the day.
Weekly Monthly Yearly Open LevelsThis script displays the weekly, monthly, and yearly opens for the last few periods.
I added an option to extend the previous opens to the current period as well.
Day & Week & Month & Quarter & Year Open Price PointsPresent to your attention, basic “Day & Week & Month & Quarter & Year Open Price Points Indicator” !
You can determine support & resistance using Yearly, Quarterly, Monthly and Weekly open price points on a chart with any timeframe.
It is not a widely used technique, but according to different academic studies, levels are reliable. Google it! You can enhance your trading by adding that technique in your tool list.
At the current stage, Indicator shows Open Price Points.
Opening price points are extended into the future from the opening candle of each year, quarter, month and week and day.
By nature of that points, every level may be used as a support and as a resistance level at a similar time.
Initial setup:
1) Open the indicator Inputs settings, enable/disable additional Price Points.
2) Open the indicator Style settings, click on a style of each line and click on a “Price Line.”
How to use that?
With a lot of available strategies, there are two leading: Level convergence and Trend line convergence.
1) Level convergence involves locating two or more opening points that merge. This confluence can lead to greater accuracy and profitability.
2) Trend line convergence - The intersection of a trend line at a weekly, monthly, quarterly or even yearly opening level can produce fast and profitable reactions.
Try that!
As a stand-alone strategy, you can utilize that:
Price action under the WO (DO, MO, QO, YO) – Bearish
Price action above the WO (DO, MO, QO, YO) – Bullish
TIP: opening level not always good as a stand-alone tool!
Indicator Settings:
Show Daily Open (disabled by default)
Show Weekly Open (ON by default)
Show Monthly Open (ON by default)
Show Quarter Open (disabled by default)
Show Yearly Open (disabled by default)
Indicator Styling:
By default, each line is shown in the form of circles, line-width 1, silver colour.
Labels can be only in one of two states: Maroon (if open price less than ((open + high + low + close)/4) or Teal (if open price high than ((open + high + low + close)/4).
Alerts:
With the Indicator you can add a few different alerts:
DO Alert
WO Alert
MO Alert
QO Alert
YO Alert
Play with it:
Add a new alert with following condition: your SYMBOL crossing DWMQY OPP Weekly Open.
Options: Once per Bar.
Future of the Indicator:
The Indicator is a necessary part of more prominent Indicator which will include 8 modules in total:
2~ Arabian Wise Tunnels Module
3~ RH Waves Module (something like Vegas Waves)
4~ Trend Channels Module
5~ Opening Range Zoning Module
6~ Breakout Module
7~ BS Hemisphere Module
8~ Price Action Module
DISCLAIMER! RISK WARNING!
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADERS SHOULD NOT BASE THEIR DECISION ON INVESTING IN ANY TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED, ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, TRADERS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS.
//Written by iambitboy request.
D/W/M/Y OpenThis is just a small Script
It show you:
Low and high of
Yesterday, last week, last month and last year
+
Open today
Yearly OHLplots Yearly Open, High, Low levels
Interesting interactions to note at previous yearly opens