Key Trading Session Times (UK) with DST AdjustTradingView Pine Script for London Killzone with DST Adjustment
What This Script Does:
This script highlights three important trading sessions on the chart:
Asia Session (12:00 AM – 6:00 AM UK)
London Session (6:30 AM – 9:00 AM UK)
New York Session (1:00 PM – 3:00 PM UK)
It will highlight these sessions using background colors, and it automatically adjusts the session times for Daylight Saving Time (DST).
Options
Dhokiya's Research Analyst-Chetan DhokiyaDescription of "Dhokiya's Research Analyst - Chetan Dhokiya"
Overview: The "Dhokiya's Research Analyst" script is designed for traders who want to identify key price levels based on the first 5-minute candle of the trading day. This script operates within the Indian stock market's trading hours, specifically from 9:15 AM to 3:25 PM. It calculates and visualizes upper and lower price levels derived from the closing price of the first 5-minute candle, providing traders with potential support and resistance levels for the day.
Key Features:
Market Timing: The script is programmed to recognize the market's opening and closing times, ensuring that it only operates during active trading hours.
First 5-Minute Candle Identification: The script identifies the first 5-minute candle of the trading day, which is crucial for setting the day's initial price levels.
Dynamic Level Calculation: It calculates two key levels based on the closing price of the first 5-minute candle:
Upper Level: Set at 0.09% above the closing price of the first candle.
Lower Level: Set at 0.09% below the closing price of the first candle.
Visual Representation: The script draws horizontal lines on the chart to represent the upper and lower levels, allowing traders to easily visualize these critical price points. The upper level is indicated with a green line, while the lower level is shown with a red line.
Line Extension: The lines are dynamically extended throughout the trading day until the market closes at 3:25 PM, providing continuous reference points for traders.
How to Use:
Setup: Add the script to your trading platform during the market hours. Ensure that you are viewing a 5-minute chart for optimal results.
Trading Strategy: Use the upper and lower levels as potential entry and exit points. Traders may consider buying above the upper level and selling below the lower level, depending on market conditions and additional analysis.
Risk Management: Always incorporate risk management strategies when trading around these levels, as price action can be volatile.
Underlying Concepts:
The script leverages the concept of the first candle's price action to establish a framework for the day's trading. The rationale is that the initial price movement can set the tone for the rest of the trading day.
By calculating levels slightly above and below the first candle's close, the script aims to capture potential breakout and reversal points, which are critical for day trading strategies.
Conclusion: "Dhokiya's Research Analyst" is a valuable tool for traders looking to enhance their intraday trading strategies. By focusing on the first 5-minute candle and establishing key price levels, this script provides a structured approach to navigating the market's daily fluctuations. Traders are encouraged to combine these levels with other technical analysis tools and indicators for a comprehensive trading strategy.
0.09 Version Strategy Indicator by Dhokiya's Research Analyst
Mobile - 7575065656
Website - dhokiyas.com/
Email - care@dhokiyas.com
Uday Samant Scalping SetupThis Is scalping setup use for Bank nifty options buying...
Price always moves around VWAP, Fractal give us potential reversal signal.
In this setup take entry next to fractal and Target at VWAP or 20 EMA which ever next to fractal.
Mon to Fri + LSE and NYSE📌 Highlight Custom Days & Market Hours Indicator 📌
🔹 Overview:
This script allows traders to visually highlight specific weekdays and market sessions directly on their TradingView charts. With customizable checkboxes, you can choose which days of the week to highlight, along with session times for the New York Stock Exchange (NYSE) and London Stock Exchange (LSE).
🔹 Features:
✅ Select individual weekdays (Monday–Friday) to highlight in blue
✅ Highlight NYSE open hours (2:30 PM – 9:30 PM UK time) in green
✅ Highlight LSE open hours (8:00 AM – 4:30 PM UK time) in orange
✅ Ensures NYSE & LSE sessions are only highlighted on weekdays (no weekends)
✅ Clean and simple visualization for enhanced market awareness
🔹 How to Use:
1️⃣ Add the indicator to your TradingView chart
2️⃣ Use the settings panel to enable/disable specific weekdays
3️⃣ Toggle NYSE or LSE session highlights based on your trading preference
🚀 Perfect for traders who follow institutional sessions and want better time-based confluence in their strategies!
vidya only apply on option chartapply on option chart for 5 min with white line sl and target line upward and trail
Put/Call Ratio SPYThe label you see on the last daily candle shows you the simulated value of the Put/Call Ratio (PCR).
What does this label tell you?
If it says 🔴 EXTREME FEAR → The simulated value of the PCR is above 1.2 (more puts than calls → bearish expectations).
If it says 🟢 EUPHORIA → The PCR is below 0.8 (more calls than puts → bullish expectations).
If it says 🟡 NEUTRAL ZONE → The PCR is between 0.8 and 1.2.
RS Screener Pro: 15M & 1D + Signal + VolumeCombines relative strength (RS) from 15-minute and 1-day timeframes with volume spike detection to highlight high-momentum setups. Displays a live signal table (Bullish, Bearish, Neutral) and flags relative volume spikes (RVOL > 1.5×). Great for directional traders, scalpers, and options momentum plays.
How to Use:
• ✅ Use when RS on both timeframes align to confirm directional momentum.
• 🔔 Watch for volume spikes (purple 🔼) to detect unusual activity.
• 📊 Check the signal table for real-time trend bias and relative volume readout.
• Best used on a 15-minute chart.
📝 Expandable NotesA clean and easy-to-use notes dashboard that lets you add up to 10 personal reminders and color-code them for better organization.
Unusual Whale - Unusual Options Volume Data ScreenerHow to Use:
Custom Expiration Date: Use the calendar/date picker to select the expiration date. The chosen date is automatically converted to the "YYMMDD" format.
Custom Base Strike: Enter a round strike value from the options chain (for example, "270"). This value serves as the starting point (at-the-money) for the scan.
Strike Increment: Select the increment (e.g., 0.50, 1.00, 2.5, 5, or 10) to determine how the scan moves outward from the custom base strike.
Options per Side (Max 20): Choose the number of valid option strikes to scan on each side. The script scans downward (for calls) and upward (for puts) from the custom base strike.
Base Symbol: The base symbol is always taken from the chart (using syminfo.ticker); no manual entry is needed.
Scanning & Aggregation: The script automatically constructs option symbols using the base symbol, custom expiration date, option type (C or P), and the formatted strike. It retrieves volume data for these options and aggregates the cumulative volume for calls and puts separately.
Plotting: Cumulative call volume is plotted in green, and cumulative put volume is plotted in red—only if the required number of valid options is found.
Benefits of Scanning Options Volume for Unusual Activity:
Offers a comprehensive view of volume across multiple strikes, making unusual or extreme volume patterns easier to detect.
Helps gauge market sentiment by comparing aggregated call and put volumes, which may signal shifts in investor behavior.
Aggregating volume from several strike levels provides smoother, more reliable data than using a single strike, enhancing your analytical insights.
What to Do If Combinations Don't Yield Results:
Verify Your Inputs: Ensure that the Custom Base Symbol, Expiration Date, and Custom Base Strike are entered correctly and correspond to an active options chain.
Adjust Strike Increment: If the options aren’t loading as expected, try selecting a different strike increment that more closely matches the spacing in your options chain.
Reduce Options per Side: Lower the number of Options per Side (e.g., from 20 to a lower value) if the scan fails to find enough valid strikes.
Review Your Options Chain: Confirm that the contracts for the specified expiration and strike range exist and are available in your data feed.
Check Data Subscription: Make sure your TradingView plan includes access to the options data required for the selected symbols.
Cumulative Call Volume is Green, Put Volume is Red
Gann Percentage of High & Low Prices for Options - Keanu_RiTzThis Indicator is based on the text from Chapter 4 "Percentage of High & Low Prices" page number "30" from the book "WD Gann 45 years in Wall Street".
This Indicator is to be used on Intraday Timeframes and only on Options Charts (CALL & PUT) and not on any other chart.
The following is the text from that page :-
One of the greatest discoveries I ever made was how to figure the percentage of high and low prices on the averages and individual stocks.
The percentages of extreme high and low levels indicate future resistance levels.
There is a relation between every low price to some future high price and a percentage of the low price indicates what levels to expect the next high price.
At this price you can sell out long stocks and sell short with a limited risk.
The extreme high price or any minor tops are related to future bottoms er low levels.
The percentage of the high price tells where to expect low prices in the future and gives you resistance levels where you can buy with a limited risk.
The most important resistance level is 50% of any high or low price.
Second in importance is 100% on the lowest selling price on the averages or individual stocks.
You must also use 200%, 300%, 400%, 500%, 600% or more, depending upon the price and the Time Periods from High and Low.
Third in importance is 25% of the Lowest price or the Highest price.
Fourth in importance is 121/2% of the extreme Low or extreme High price.
Fifth in importance is 61/4% of the Highest price, but this is only to be used when the averages or individual stocks are selling at very high levels.
Sixth in importance is 33 1/3 and 66 2/3%. These percentages should be calculated and watched for resistance next after 25% and after 50%.
You should always have percentage tables made up on the Industrial Averages and on the individual stocks you trade in in order to know where these important resistance levels are located.
Description :
It plots the Intraday % levels from the highest high and lowest low of that day.
The calculation of these levels is based on the text from Chapter 4 "Percentage of High & Low Prices" page number "30" from the book "WD Gann 45 years in Wall Street".
I developed this indicator to see if those percentages work on Options prices or not,
and from my observation I found that it works wonderfully in Options as well.
These % levels work like magic and act as great Dynamic Support and Resistance levels.
Don't trust my words blindly and see for yourself.
This indicator is for educational and research purpose only.
It does not provide any BUY/SELL signals.
Daily OHLC from 8:00 UTCDisplays Daily Open, High, and Low price levels, resetting at 8:00 AM UTC each day. Ideal for intraday trading reference points.
Double RSI OscillatorThe Double RSI Oscillator
Hello Gs,
I came back from the dead and tried to see what a little tweak to RSI could do, and I think it is quite interesting and might be worth checking out.
Warning:
This indicator has lots of false signals unfortunatly
How does the DRSI Oscillator work?
Very simple, the DRSI oscillator at the very base is just 2 RSIs that should smooth each other out, making a smoother trend signal generation for trend analysis. One RSI is set to have lower values, by considering the lowest point of the price, and one RSI is set to have higher values using pretty much the same thing. The trend changes from positive to negative if RSI with higher values crosses negative treshhold, and from negative to positive if RSI with lower value crosses positive treshhold. On top of this I added some additional settings to smooth or speed it further, if these were a good idea, I guess only time will tell :D.
Settings
Here is a guide of what setting changes what and how it might be suitable for you:
RSI Optimism length: length of the RSI with higher values (higher values will be better for longer term, lower for medium term)
RSI Pesimism length: length of the RSI with lower values (higher values will be better for longer term, lower for medium term)
Positive treshhold: The value RSI pesimism needs to pass in order to change trends (in case of using RSI avg. the value the average needs to pass), making this higher can give you faster signals, but expect more false ones
Negative treshholds: The value RSI optimism needs to pass in order to change trends (in case of using RSI avg. the value the average needs to pass), lowering this can give you faster signals, but expect more false ones
Smoothing type: Select the type of smoothing (or none) to smooth your signals as you want, this one you need to play around with.
Smoothing length: The length of your smoothing method (if none is selected it wont change anything)
Use RSI average instead: self-explanatory, go figure
Above/Below Mean Trend: Changes the way trend logic works
Why consider using this indicator?
The DRSI Oscillator is a tool that has huge flexibility (due to tons of settings that base RSI doesnt, like trend treshholds), and is smoother allowing traders and investors to get high quality or high speed signals, allowing great entries and exits
Option Contract Size CalculatorOption Contract Size Calculator
This indicator helps you to figure out the ideal number of contracts for your trade and its only used for options day trading.
The indicator needs to fill the input section in order to give you the information table that includes Contract size .
The input section consists of two sections. The first section requires user entry of the delta of the options contract from the broker chain and the stop loss size on the chart.
The second section allows you to enter your account balance and risk per trade
(2% recommended) .
There is also the option for where you wish to display your table like bottom right , bottom left or top right, top left.
special thanks to @Mohamedawke for the open source script this code is based off
Market Sessions & LevelsOverview
This Pine Script indicator identifies key trading levels and market sessions, making it easier for traders to analyze price movements. It highlights the previous day's high and low, tracks premarket price action, and marks the first 5-minute high and low after the market opens.
Features
✅ Identifies Market Sessions:
Pre-Market Session (4:30 AM - 9:30 AM EST)
Regular Market Session (9:30 AM - 4:00 PM EST)
✅ Tracks Key Levels:
Previous Day’s High & Low
Premarket High & Low
First 5-Minute High & Low after market open
✅ Visual Cues for Easy Analysis:
Plots horizontal lines for each level with distinct colors
Displays labels for key price levels on the chart
How It Helps Traders
📊 Pre-Market Preparation: Helps traders spot key resistance/support levels before the market opens.
🚀 Momentum Trading: The first 5-minute high/low can act as breakout or reversal zones.
📉 Historical Price Context: Uses the previous day's high/low to gauge market sentiment.
Customization
The script can be easily modified to adjust session timings, colors, or additional levels based on your trading strategy.
💡 How to Use:
Apply the script to a 1-minute or 5-minute chart for the most accurate premarket and first 5-minute tracking.
Look for price reactions at the plotted levels to determine potential trade setups.
ATM Option Selling StrategyATM Option Selling Strategy – Explained
This strategy is designed for intraday option selling based on the 9/15 EMA crossover, 50/80 MA trend filter, and RSI 50 level. It ensures that all trades are exited before market close (3:24 PM IST).
. Indicators Used:
9 EMA & 15 EMA → For short-term trend identification.
50 MA & 80 MA → To determine the overall trend.
RSI (14) → To confirm momentum (above or below 50 level).
2. Entry Conditions:
🔴 Sell ATM Call (CE) when:
Price is below 50 & 80 MA (Bearish trend).
9 EMA crosses below 15 EMA (Short-term trend turns bearish).
RSI is below 50 (Momentum confirms weakness).
🟢 Sell ATM Put (PE) when:
Price is above 50 & 80 MA (Bullish trend).
9 EMA crosses above 15 EMA (Short-term trend turns bullish).
RSI is above 50 (Momentum confirms strength).
3. Position Sizing & Risk Management:
Sell 375 quantity per trade (Lot size).
50-Point Stop Loss → If option premium moves against us by 50 points, exit.
50-Point Take Profit → If option premium moves in our favor by 50 points, book profit.
Exit all trades at 3:24 PM IST → No overnight positions.
4. Exit Conditions:
✅ Stop Loss or Take Profit Hits → Automatically exits based on a 50-point move.
✅ Time-Based Exit at 3:24 PM → Ensures no open positions at market close.
Why This Works?
✔ Trend Confirmation → 50/80 MA ensures we only sell options in the direction of the market trend.
✔ Momentum Confirmation → RSI prevents entering weak trades.
✔ Controlled Risk → SL and TP protect against large losses.
✔ No Overnight Risk → All trades close before market close.
Ryna 3 EMA Multi-Timeframe Indicator**EMA Multi-Timeframe Strategy (Pine Script v6)**
This TradingView indicator is designed to assist traders using a **multi-timeframe trend-following strategy** based on Exponential Moving Averages (EMAs).
**Core Functionality**
- **Trend Identification:**
Uses a configurable **EMA (e.g., EMA 50)** on a **higher timeframe** (e.g., H1, D1, W1) to determine the market bias:
- If price is **above** the trend EMA → **Long bias**
- If price is **below** the trend EMA → **Short bias**
- **Entry Signals:**
Uses two EMAs (fast & slow, e.g., EMA 8 & EMA 21) on either:
- The **current chart timeframe**, or
- A **separately selected timeframe** (e.g., entry on M15, trend on H1)
→ Signals are generated based on **EMA crossovers**:
- **Bullish crossover** (fast crosses above slow) → Long signal
- **Bearish crossover** (fast crosses below slow) → Short signal
- Only when aligned with the higher-timeframe trend
- **Visual Output:**
- Optional display of entry EMAs when sourced from the trend timeframe
- Always displays the trend EMA
- Entry signals shown with triangle markers on the chart
- **Info Panel (Top Center):**
- Shows selected timeframes and EMA settings
- Indicates current trend bias (LONG / SHORT / NEUTRAL)
- Notes if entry EMAs are hidden due to settings
- **Alerts:**
- Optional alerts for long and short entry signals based on EMA crossovers
#### **User Inputs**
- **Trend Timeframe & EMA Length**
- **Entry Timeframe & EMA Fast/Slow Lengths**
- **Option to show/hide entry EMAs when using the trend timeframe**
- **Option to show/hide Infobox on Chart**
Elliott Wave Identification By Akash Patel
This script is designed to visually highlight areas on the chart where there are consecutive bullish (green) or bearish (red) candles. It also identifies sequences of three consecutive candles of the same type (bullish or bearish) and highlights those areas with adjustable box opacity. Here's a breakdown of the functionality:
---
### Key Features:
1. **Bullish & Bearish Candle Identification:**
- **Bullish Candle:** When the closing price is higher than the opening price (`close > open`).
- **Bearish Candle:** When the closing price is lower than the opening price (`close < open`).
2. **Consecutive Candle Counter:**
- The script counts consecutive bullish and bearish candles, which resets when the direction changes (from bullish to bearish or vice versa).
- The script tracks these counts using the `bullishCount` and `bearishCount` variables, which are incremented based on whether the current candle is bullish or bearish.
3. **Highlighting Candle Areas:**
- If there are **3 or more consecutive bullish candles**, the script will highlight the background in a green color with 90% transparency (adjustable).
- Similarly, if there are **3 or more consecutive bearish candles**, the script will highlight the background in a red color with 90% transparency (adjustable).
4. **Three-Candle Sequence:**
- The script checks if there are three consecutive bullish candles (`threeBullish`) or three consecutive bearish candles (`threeBearish`).
- A box is drawn around these areas to visually highlight the sequence. The boxes extend to the right edge of the chart, and their opacity can be adjusted.
5. **Box Creation:**
- For bullish sequences, a green box is created using the high and low prices of the three candles in the sequence.
- For bearish sequences, a red box is created in the same manner.
- The box size is determined by the highest high and the lowest low of the three consecutive candles.
6. **Box Opacity:**
- You can adjust the opacity of the boxes through the input parameters `Bullish Box Opacity` and `Bearish Box Opacity` (ranging from 0 to 100).
- A higher opacity will make the boxes more solid, while a lower opacity will make them more transparent.
7. **Box Cleanup:**
- The script also includes logic to remove boxes when they are no longer needed, ensuring the chart remains clean without excessive box overlays.
8. **Extending Boxes to the Right:**
- When a bullish or bearish sequence is identified, the boxes are extended to the right edge of the chart for continued visibility.
---
### How It Works:
- **Bullish Area Highlight:** When three or more consecutive bullish candles are detected, the background will turn green to indicate a strong bullish trend.
- **Bearish Area Highlight:** When three or more consecutive bearish candles are detected, the background will turn red to indicate a strong bearish trend.
- **Three Consecutive Candle Box:** A green box will appear around three consecutive bullish candles, and a red box will appear around three consecutive bearish candles. These boxes can be extended to the right edge of the chart, making the sequence visually clear.
---
### Adjustable Parameters:
1. **Bullish Box Opacity:** Set the opacity (transparency) level of the bullish boxes. Ranges from 0 (completely transparent) to 100 (completely opaque).
2. **Bearish Box Opacity:** Set the opacity (transparency) level of the bearish boxes. Ranges from 0 (completely transparent) to 100 (completely opaque).
---
This indicator is useful for identifying strong trends and visually confirming market momentum, especially in situations where you want to spot sequences of bullish or bearish candles over multiple bars. It can be customized to suit different trading styles and chart preferences by adjusting the opacity of the boxes and background highlights.
Trading Capital Management for Option SellingTrading Capital Management for Option Selling
This Pine Script indicator helps manage trading capital allocation for option selling strategies based on price percentile ranking. It provides dynamic allocation recommendations for index options (NIFTY and BANKNIFTY) and individual stock positions.
Key Features:
- Dynamic buying power (BP) allocation based on close price percentile
- Flexible index allocation between NIFTY and BANKNIFTY
- Automated calculation of recommended number of stock positions
- Risk management through position size limits
- Real-time INDIA VIX monitoring
Main Parameters:
1. Window Length: Period for percentile calculation (default: 252 days)
2. Thresholds: Low (30%) and High (70%) percentile thresholds
3. Capital Settings:
- Trading Capital: Total capital available
- Max BP% per Stock: Maximum allocation per stock position
4. Buying Power Range:
- Low Percentile BP%: Base BP usage at low percentile
- High Percentile BP%: Maximum BP usage at high percentile
5. Index Allocation:
- NIFTY/BANKNIFTY split ratio
- Minimum and maximum allocation thresholds
Display:
The indicator shows two tables:
1. Common Metrics:
- Total BP Usage with percentage
- Current INDIA VIX value
- Current Close Price Percentile
2. Capital Allocation:
- Index-wise BP allocation (NIFTY and BANKNIFTY)
- Stock allocation pool
- Recommended number of stock positions with BP per stock
Usage:
This indicator helps traders:
1. Scale positions based on market conditions using price percentile
2. Maintain balanced exposure between indices and stocks
3. Optimize capital utilization while managing risk
4. Adjust position sizing dynamically with market volatility
Covered Call VisualYou enter Covered Call details and this draws the following lines:
Max Profit
Entry Price
Strike Price
Break even
You also enter entry and expiration dates and the lines will plot between those dates with the exception of the entry price.
Binance Leveraged Liquidations ApproximationBinance Leveraged Liquidations Approximation (BLLA)
The Binance Leveraged Liquidations Approximation (BLLA) indicator is a tool designed to estimate liquidation levels for leveraged trading on Binance. It calculates the approximate prices at which liquidations could occur for long and short positions, based on the entry price and leverage levels selected by the user.
Key Features:
Liquidation Level Calculation:
Estimates liquidation prices for multiple leverage levels (e.g., 20x, 10x, 5x, etc.).
Supports both long and short positions.
Customization:
Allows the user to manually input the entry price or automatically calculate it as the midpoint between the low and high of a defined period.
Leverage levels are configurable, enabling the indicator to adapt to different trading strategies.
Clear Visualization:
Displays liquidation levels directly on the chart, with labels indicating the corresponding leverage.
Uses distinct colors for long positions (yellow) and short positions (blue).
Recommended Use:
Risk Management: Helps identify liquidation levels to adjust stop-loss orders and manage risk in leveraged trading.
Market Analysis: Provides a quick overview of key levels where significant price movements might occur due to mass liquidations.
Settings:
Entry Price: Enter manually or leave at 0.0 to calculate automatically.
Leverage: Configure desired leverage levels (e.g., 20x, 10x, 5x, etc.).
Transparency and Display: Adjust the transparency of the lines and the number of bars displayed.
Quick Instructions:
Add the indicator to your chart.
Enter the entry price or leave it at 0.0 to calculate automatically.
Configure leverage levels according to your strategy.
Observe liquidation levels on the chart and use them to manage your risk.
Note:
This indicator is an approximation and does not guarantee absolute accuracy of liquidation levels, as these may vary depending on market conditions and exchange policies.
Open & Close PriceShows open and closing price; controls for extensions. Toggles for visibility.
Shades opening day gap, controls for extensions. Toggles for visibility.
Does not work for hourly or above as opening price is set to 9:30 am eastern which does not appear on the axis for hourly or above. And I'm not a coder.
But for sub hourly charts - it's an easy tool I've been looking for for a while just for myself.
It's imperfect; but sharing for anyone that was looking for something similar.
Range%This indicator displays the range of each candle i.e. High minus Low as a percentage of the previous closing price. It does not account for gaps, making it particularly useful for intraday trading. By tracking the volatility cycle of candles, this indicator helps identify periods of increased or decreased market volatility, allowing traders to pinpoint the best days to execute trades.
If the Range% is below low line candles will turn White and If Range% is above the High Line Candles will turn Red.
Ivan Gomes StrategyIG Signals+ - Ivan Gomes Strategy
This script is designed for scalping and binary options trading, generating buy and sell signals at the beginning of each candle. Although it is mainly optimized for short-term operations, it can also be used for medium and long-term strategies with appropriate adjustments.
How It Works
• The indicator provides buy or sell signals at the start of the candle, based on a statistical probability of candle patterns, depending on the timeframe.
• It is essential to enter the trade immediately after the signal appears and exit at the end of the same candle.
• If the first operation results in a loss (Loss), the script will send another trade signal at the start of the next candle. However, if the first trade results in a win (Gain), no new signal will be generated.
• The signals follow cycles of 3 candles, regardless of the timeframe. However, if a Doji candle appears, the cycle is interrupted, and no signals will be generated until the next valid cycle starts.
• The strategy consists of up to two trades per cycle: if the first trade is not successful, the second trade serves as an additional attempt to recover.
Key Points to Consider
1. Avoid trading in sideways markets – If price levels do not fluctuate significantly, the accuracy of the signals may decrease.
2. Trade in the direction of the trend – Using Ichimoku clouds or other trend indicators can help confirm trend direction and improve signal reliability. If the market is in an uptrend (bullish trend) and the indicator generates a sell signal, the most prudent decision would be to wait for a buy signal that aligns with the main trend. The same applies to downtrends, where buy signals may be riskier.
These decisions should be based on chart reading and supported by other technical analysis tools, such as support and resistance levels, which indicate zones where price might face obstacles or reverse direction. Additionally, Fibonacci retracement levels can help identify possible pullback points within a trend. Moving averages are also useful for visualizing the general market direction and confirming whether an indicator signal aligns with the overall price structure. Combining these tools can increase trade accuracy and prevent unnecessary trades against the main trend, reducing risks.
3. Works based on probability statistics – The algorithm analyzes candle formations and their statistical probabilities depending on the timeframe to optimize trade entries.
4. Best suited for scalping and binary options – This strategy performs best in 1-minute and 5-minute timeframes, allowing for multiple trades throughout the day.
Technical Details
• The script detects the candle cycle and assigns an index to each candle to identify patterns and possible reversals.
• It recognizes reference candles, stores their colors, and compares them with subsequent candles to determine if a signal should be triggered.
• Doji candle rules are implemented to avoid false signals in indecisive market conditions. When a Doji appears, the script does not generate signals for that cycle.
• The indicator displays visual alerts and notifications, ensuring fast execution of trades.
Disclaimer
The IG Signals+ indicator was created to assist traders who struggle to analyze the market by providing objective trade signals. However, no strategy is foolproof, and this script does not guarantee profits.
Trading involves significant financial risk, and users should test it in a demo account before trading with real money. Proper risk management is crucial for long-term success.
Trend Vanguard StrategyHow to Use:
Trend Vanguard Strategy is a multi-feature Pine Script strategy designed to identify market pivots, draw dynamic support/resistance, and generate trade signals via ZigZag breakouts. Here’s how it works and how to use it:
ZigZag Detection & Pivot Points
The script locates significant swing highs and lows using configurable Depth, Deviation, and Backstep values.
It then connects these pivots with lines (ZigZag) to highlight directional changes and prints labels (“Buy,” “Sell,” etc.) at key turning points.
Support & Resistance Trendlines
Pivot highs and lows are used to draw dashed S/R lines in real-time.
When price crosses these lines, the script triggers a breakout signal (long or short).
EMA Overlays
Up to four EMAs (with customizable lengths and colors) can be overlaid on the chart for added trend confirmation.
Enable/disable each EMA independently via the settings.
Repaint Option
Turning on “Smooth Indicator Lines” (repaint) uses future data to refine past pivots.
This can make historical signals look cleaner but does not reflect true historical conditions.
Turning it off ensures signals remain fixed once they appear.
Strategy Entries & Exits
On each new ZigZag “Buy” or “Sell” signal, the script closes any open position and flips to the opposite side (if desired).
Works with the built-in TradingView Strategy engine for backtesting.
Additional Inputs (Placeholders)
Volume Filter and RSI Filter settings exist but are not fully implemented in the current code. Future versions may incorporate these filters more directly.
How to Use
Add to Chart: Click “Indicators” → “Invite-Only Scripts” (or “My Scripts”) and select “Trend Vanguard Strategy.”
Configure Settings:
Adjust ZigZag Depth, Deviation, and Backstep to fine-tune pivot sensitivity.
Enable or disable each EMA to see how it aligns with market trends.
Toggle “Smooth Indicator Lines” on or off depending on whether you want repainting.
Backtest and Forward Test:
Use TradingView’s “Strategy Tester” tab to review hypothetical performance.
Remember that repainting can alter past signals if enabled.
Monitor Live:
Watch for breakout triangles or ZigZag labels to identify potential reversal or breakout trades in real time.
Disclaimer: This script is purely educational and not financial advice. Always combine it with sound risk management and thorough analysis. Enjoy exploring the script, and feel free to experiment with the different settings to match your trading style!
