Ichimoku Tek Çizgi Trend
Açıklama (Komut Dosyasını Açıkla):
This indicator aims to analyze the market direction through a single trend line by simplifying the basic components of the Ichimoku Kinko Hyo system. It reduces the complexity of the classic Ichimoku Cloud, providing traders with clearer and more understandable trend following. TradingView
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TradingView
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TradingView
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TradingView
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📌 Highlights:
A single trend line (kumoMid) created by averaging the upper and lower limits of the Ichimoku Cloud
Color changes depending on whether the price is above or below this line:
Green: Uptrend
Red: Downtrend
Gray: Neutral or uncertain
User-adjustable parameters:
Conversion Line Length
Base Line Length
Leading Span B Length
Displacement
🔧 Purpose of Use:
This indicator offers investors a simple and effective trend-following tool, while preserving the basic principles of the Ichimoku system. It is especially ideal for those who want to avoid complex indicators.
💡 Note: This indicator does not constitute investment advice. It is important to take your own analysis and strategies into consideration when making your investment decisions.
tratejilerinizi dikkate almanız önemlidir.
Indicadores e estratégias
Price Breakout Alert with High-Low Box and SMAPlots the high and low made between market US market open at 9:30am and 10:30am.
If price breaks below or above, or is above the high or low after 10:45, an alert is shown on screen.
Price must be above the 3 Day SMA
A custom alert can be triggered just to alert for High breakouts.
Vortages High/Low (Regular & Extended)This Indicator shows the Pre-Day and Premarket Highs and Lows.
XAU/USD Scalping Bot [Jake-Style 1500+] FINALDescription:
This advanced scalping bot is engineered for XAU/USD using Jake-style visual overlays with predictive trade triggers, early entry signals, and multi-layer confirmation tools.
Key Features:
• EMA Cloud System with color-coded directional bias (5/13/21/55/144/377)
• PSAR Flip-Only Dots to highlight trend reversal moments without chart clutter
• Bollinger Band Zones to visualize volatility channels
• Predictive Entry Flags for early buy/sell signals before momentum candles (≥2 pip move)
• TRUE Candle Logic for confirmed trend-following entries
• Multi-Level TP/SL Lines with real-time alerts:
• TP1 / TP2 / TP3 with precise trigger logic
• Stop Loss hit detection
• Red Flag Warnings for exit caution during reversal zones (overbought TDI / failed breakouts)
Optimized For:
• 1m / 3m / 5m / 15m / 30m timeframes
• Scalping & intraday trading with high-precision entries
• Traders who prefer visual confirmation before committing to entries
Created by: @Livingstonedan
Powered by: ChatGPT x Jake-style automation logic
CoinWise - OICOINWISE OPEN INTEREST
Commitment of market participants, visualize open interest positions on multiple exchanges.
🔹 What Is It? Why Does It Matter?
The CoinWise Open Interest indicator provides a live measurement of how many derivative contracts futures or options are still active and unsettled in the market.
Unlike volume, which counts how many trades occur within a session, Open Interest reveals how much positioning remains open at any given moment.
This matters because it shows the true conviction of traders:
Rising Open Interest: Signals new money entering the market growing commitment.
Falling Open Interest: Often signals unwinding closed trades, fading momentum.
Strong price move without Open Interest: could mean support might be a fakeout or an exhaustion move.
Understanding Open Interest helps you gauge whether market trends are fueled by fresh participation, fading away, or at risk of becoming overcrowded.
This indicator aggregates Open Interest data across multiple major exchanges including Bitfinex, Binance, Kraken, and BitMEX providing a broader and more reliable positioning view.
🔹 Core Components
The CoinWise Open Interest indicator visualizes live positioning pressure through two selectable plot types:
Candlestick Mode:
Plots Open, High, Low, and Close values of Open Interest per bar, showing the full range of positioning movement within a period.
Line Mode:
Simplifies the view to only track the closing Open Interest per candle ideal for traders who prefer clean trend interpretation.
Additionally, each candle can optionally display a label showing the range (High minus Low) net Open Interest amount for that bar, offering subtle insight into volatility behind the scenes.
🔹 Customization and Settings
The CoinWise Open Interest indicator offers a clean, no-clutter configuration:
Plot Type Selection:
Switch between Candlestick and Line visual styles depending on your preference for detail versus simplicity.
Color Controls:
Customize Up Color and Down Color to match your charting theme or highlight OI directionality.
Status Line Display:
Choose to show live Open Interest values in the chart’s status line for quick reference.
The design philosophy is lightweight: no manual exchange toggles, no excess options, just pure, real-time commitment tracking.
🔹 Practical Application
Use Open Interest alongside the Longs & Shorts indicator and price action to decode the hidden behavior of traders:
Rising Price + Rising OI: Fresh money entering. Bullish confirmation.
Falling Price + Rising OI: New shorts entering aggressively. Bearish momentum building.
Price Movement + Falling OI: Positions closing suggesting weakness, fakeouts, or end-of-trend behavior.
Monitoring Open Interest adds a second dimension to your price analysis letting you see commitment behind the candles rather than reacting to the surface alone.
When used correctly, it becomes a powerful filter for trend confirmation, fakeout detection, and sentiment timing across all major crypto and futures markets.
Previous Day/Week/Month - High/Lows (BHUVANESH Rajendran)Previous Day/Week/Month - High/Lows (BHUVANESH Rajendran)
RSI Phan Ky FullThe RSI divergence indicator is like a magnifying glass that spots gaps between price swings and momentum. When price keeps climbing but RSI quietly sags, it’s a flashing U‑turn sign: the bulls are winded, and the bears are lacing up their boots. Flip it around—price is sliding yet RSI edges higher—and you’ve got bulls secretly stockpiling. Hidden divergences shore up the trend; regular divergences hint at a pivot. Blend those signals with overbought/oversold zones, support‑resistance, and volume, and RSI divergence turns into a radar that helps traders jump in with swagger and bail out just in time.
Sideways + Buy + Sell DetectionSure! Here's the plain-language description of your script without using any code.
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### 📘 **Script Purpose**
This script is designed to detect three different types of market conditions:
1. **Sideways (range-bound) market** — useful for non-directional strategies like strangles or straddles.
2. **Bullish trend** — provides a signal to consider buying.
3. **Bearish trend** — provides a signal to consider selling.
---
### 🔧 **Indicators Used**
* **RSI (Relative Strength Index)**: Measures market momentum. It's used to determine whether the market is in a bullish, bearish, or neutral zone.
* **ADX (Average Directional Index)** along with **DI+ and DI-**: Measures the strength and direction of a trend.
* **MACD (Moving Average Convergence Divergence)**: Confirms momentum and trend direction based on moving averages.
---
### 🟪 **Sideways Market Signal**
A sideways (non-trending) signal is shown when:
* RSI indicates the market is neither overbought nor oversold (in the middle range).
* ADX shows weak trend strength.
* The ADX value is lower than both DI+ and DI-, suggesting indecision or lack of clear trend.
A purple label appears below the bar when this condition is met.
---
### 🟩 **Buy Signal**
A buy signal is generated when:
* RSI shows strong upward momentum.
* ADX confirms there is a strong trend.
* MACD confirms bullish conditions with both the MACD and signal lines above zero and in the correct crossover direction.
A green label appears below the bar when these bullish conditions align.
---
### 🟥 **Sell Signal**
A sell signal appears when:
* RSI shows strong downward momentum.
* ADX confirms a strong trend.
* MACD confirms bearish conditions, with both MACD and signal lines below zero and in the correct crossover direction.
A red label appears — currently also plotted below the bar (which you may want to move above the bar for better clarity).
---
### ✅ **Use Case**
This script is suitable for:
* Deciding when to deploy **strangle/straddle** strategies in sideways markets.
* Identifying strong **bullish or bearish trends** for directional trades.
* Filtering out weak or indecisive conditions.
Horns Pattern Identifier [ming]add lh and hl condition to horns pattern. version v1。
指标只是参考。自己需要思考能否入场。
VWAP Indicator Channel | Multi Timeframe by Osbrah📊 Multi-Timeframe VWAP Indicator (Session / Weekly / Monthly)
This powerful indicator plots the Volume Weighted Average Price (VWAP) across multiple timeframes: intraday session, weekly, and monthly. It's designed to give traders a clear understanding of the market’s fair value over different horizons.
Key Features:
* Display Session VWAP (resets daily)
* Enable Weekly and Monthly VWAPs for broader market context
* Customize colors, styles, and visibility for each VWAP
* Toggle between standard VWAP or anchored to session opens
Use Cases:
* Identify value zones where price tends to gravitate
* Spot institutional levels of interest and potential reversal points
* Align entries with VWAP bounces or breaks
* Combine with EMAs or price action for high-probability setups
Perfect for day traders, swing traders, and institutional-style strategies, this VWAP tool helps you stay aligned with volume-based price dynamics across all market phases.
Triple EMA Bundle (50, 100, 200) - Osbrah CRG📈 Advanced EMA Indicator – 50/100/200
This custom-built indicator displays the 50, 100, and 200 Exponential Moving Averages (EMAs), giving traders a powerful visual tool to identify key trend directions, dynamic support/resistance levels, and potential market reversals.
Designed for both beginners and advanced users, this tool offers extensive customization options:
* Select which EMAs to display (50, 100, 200)
* Adjust colors, line styles, and thickness
* Choose between different price sources (close, open, hl2, etc.)
* Set custom EMA lengths to fit your strategy
Use Cases:
* Spot trend direction and strength at a glance
* Identify key zones of support and resistance
* Confirm entries/exits based on EMA crossovers or rejections
* Align your trades with higher timeframe trends
Whether you're a swing trader or a scalper, this indicator helps you stay in sync with the market by bringing clarity to long-term momentum zones.
FMX BOS & MSSThe Ultimate Institutional Signal is the most refined tool developed by MarketWizard to detect Breaks of Structure (BOS) and Market Structure Shifts (MSS)—precisely aligned with the FMX (Fundamentals Meet Execution) trading framework.
Moving Average Ribbon 15It is a visual analysis tool (indicator) that plots multiple moving averages (MA – Moving Average) on the TradingView platform. It allows the user to choose moving averages of different types and lengths, assign colors and display them on the chart. The selection is quite exhaustive, it does not produce buy/sell products, it only copies.
TK47 36 ChambersTK47 36 Chambers is a precision-crafted EMA (Exponential Moving Average) tool designed to help traders align with multi-timeframe trends while keeping price action clear and uncluttered. Built around the powerful 36 EMA, this script plots the current timeframe’s high, low, and median EMAs as a visual "chamber" or cloud, giving instant feedback on intrabar dynamics.
Shoutout to Insilico, who introduced the 36 EMA as a core trend-following tool — this indicator wouldn’t exist without that spark.
How It Works
Core EMA:
The central element is the 36-period EMA, applied to close, high, and low prices on your current chart.
These three EMAs form a channel or “chamber” that acts as a dynamic zone of control.
The cloud between the high and low EMA can optionally be filled to help visualize volatility.
Higher Timeframe EMAs (HTF EMAs):
Optionally displays Daily, Weekly, 4H, and 1H EMAs (all using the same configurable EMA length, default: 36).
These are interpolated smoothly between HTF candles, creating elegant transitions and avoiding jumpy plotting.
Helps traders spot broader trend bias directly on lower timeframe charts without switching views.
Customizations
Adjustable colors for each EMA layer (current + HTFs).
Toggle cloud fill on/off.
Toggle visibility of each HTF line.
Option to show labels at the edge of the chart (e.g., “W” for Weekly) for clarity.
Use Cases
Confirming trend direction across multiple timeframes.
Identifying pullback entries or mean reversion zones.
Combining with candlestick patterns, liquidity sweeps, or oscillator divergence for high-probability entries.
Notes
All EMAs use the same configurable length to keep things clean and consistent.
Interpolation ensures the HTF EMAs remain smooth and aligned with the LTF candles.
The fill between high and low EMA gives a visual representation of the market’s breathing room — useful for spotting expansions and contractions.
Adaptive Market Resonance (AMR)Overview
The Adaptive Market Resonance (AMR) indicator uncovers key price reaction zones by combining adaptive cycle detection, fractal pivots, and volume-based microstructure analysis. It dynamically tunes itself to market volatility and rhythm, helping traders anticipate zones of potential reversal or continuation. This is done without relying on static thresholds or lagging tools, making AMR suitable for evolving market conditions.
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How It Works
AMR is built on a multi-layered analytical framework:
1. Fractal Resonance Engine (FRE)
• Identifies recent structural swing highs and lows using a user-defined fractal length.
• These pivots mark areas where price has historically reversed, forming the foundation for structural resonance.
2. Adaptive Cyclic Resonance (ACR)
• Uses a custom adaptive EMA approach that adjusts with market speed and volatility.
• Generates upper and lower resonance zones from smoothed fast-cycle values — acting as dynamic support and resistance.
• These zones are not static lines but evolve with time, reflecting real-time cyclic behavior in price.
3. Microstructure Liquidity & Volume Synchronization (MLVS)
• Detects volume spikes that exceed a user-defined multiple of average volume.
• Confirms directional bias based on candle structure — green for bullish interest, red for bearish.
• These volume signals reflect potential liquidity absorption or large-order flow.
4. Cycle Strength Histogram ( COMING SOON)
• Measures the distance between the adaptive fast and slow cycle lines.
• Positive values indicate strengthening bullish momentum, negative values show bearish transition.
• This bottom-pane histogram acts as a momentum filter, reducing false signals in sideways or indecisive phases.
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Buy/Sell Signal Logic
Signals are generated only when multiple conditions align, ensuring precision and confluence:
Buy Signal
• Price is near the lower resonance zone (indicating potential support).
• A bullish volume spike is detected (high volume with a green candle).
• Cycle strength turns positive, suggesting an upward shift in trend momentum.
Sell Signal
• Price is near the upper resonance zone (potential resistance).
• A bearish volume spike is triggered (high volume with a red candle).
• Cycle strength turns negative, indicating momentum may be reversing to the downside.
This combination ensures signals are only triggered during high-confluence zones, reducing noise and emphasizing key turning points.
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How to Use
• 🌀 Trend Reversals: Monitor for signal triggers near resonance zones to anticipate potential tops or bottoms.
• 📈 Continuation Trades: Confirm pullbacks to a resonance zone in the direction of the dominant cycle strength with volume support.
• ⚠️ Avoiding Choppy Markets: Cycle strength and proximity filters help suppress signals during indecisive or low-volume phases.
• 📊 Multi-Timeframe Flexibility: Works across intraday to higher timeframes; adjust cycle length and thresholds for asset-specific tuning.
⚠️ Note: While AMR provides a framework for identifying high-confluence trading opportunities, it does not offer guaranteed outcomes. Market behavior is probabilistic, and users should validate all signals with their own analysis and risk management.
⸻
Key Features
• 🔹 Fractal Pivot Mapping for structural clarity
• 🔹 Dynamic Resonance Zones that adapt in real-time
• 🔹 Volume Spike Detection to capture hidden institutional activity
• 🔹 Momentum Histogram for trend strength confirmation
• 🔹 Multi-condition Buy/Sell Labels with precision logic
• 🔔 Alerts for buy/sell signals, fractal shifts, and volume events
• 🛠️ Customizable Settings to suit different styles and instruments
⸻
Why This Combination?
AMR merges structure (fractals), behavior (adaptive cycles), and intent (volume imbalances) into one cohesive framework. Instead of relying on fixed indicators, it adjusts continuously to the market’s internal rhythm — uncovering resonance zones where price is more likely to respond. This integration enables users to identify potential turning points with added contextual depth.
⸻
Why It’s Worth Using
By requiring alignment across price structure, volume behavior, and adaptive momentum, AMR helps traders focus on high-quality setups rather than reacting to every price movement. Its adaptive and multi-confirmation nature makes it suitable for trend-following, reversals, and swing entries, while reducing false positives in noisy markets.
Daily Vertical Lines (NY Time)lines for sessions and also for killzones they draw lines so that we can classify them
DAILY CANDLE PROFIT TARGET BIAS @MaxMaserati
Max Maserati Method for Candle Bias and effective price action Analysis
The MMM CANDLE BIAS 2.0 indicator, built on the proprietary Max Maserati Method, classifies candles to deliver clear, real-time market bias insights. It decodes price action, revealing institutional trading patterns often missed by retail traders.
The Six Core Candle Classifications: The Foundation of MMM Analysis
Master these six closing patterns, and you'll unlock the true language of price action. These are the building blocks of institutional trading behavior:
Bullish Body Close
Identification: Candle closes above the previous candle’s high.
Psychology: Strong buying pressure overcomes prior resistance.
Implication: Signals bullish trend continuation or reversal.
Bearish Body Close
Identification: Candle closes below the previous candle’s low.
Psychology: Intense selling pressure breaks past support.
Implication: Indicates bearish trend continuation or reversal.
Bullish Affinity
Identification: High tests or breaches previous low, but close stays within previous candle’s range.
Psychology: Buyers defend lower levels, rejecting downside.
Implication: Hidden bullish strength in consolidation.
Bearish Affinity
Identification: Low tests or breaches previous high, but close remains within previous candle’s range.
Psychology: Sellers cap upside attempts, gaining control.
Implication: Subtle bearish pressure despite failed breakout.
Seek & Destroy
Identification: Candle breaks both previous high and low, closing inside previous range.
Psychology: Institutions test liquidity on both sides before committing.
Implication: Direction depends on close—upper half (bullish affinity) or lower half (bearish affinity).
Close Inside
Identification: High and low stay within previous candle’s range.
Psychology: Consolidation with underlying directional bias.
Implication: Bias determined by close position relative to range.
Plus/Minus Strength System
Bullish Strength: Measures distance from low to close (buying pressure).
Bearish Strength: Measures distance from high to close (selling pressure).
Plus (+): Dominant strength significantly outweighs the other, indicating strong directional conviction.
Minus (-): Balanced strengths suggest a contested market, requiring caution.
Key Features
Automated Pattern Recognition: Instantly detects candle formations.
Color-Coded Bars: Green for bullish, red for bearish bias.
Dynamic Profit Targets: Projects targets based on higher timeframe high/low.
Real-Time Metrics: Displays bullish/bearish strength percentages and volume delta.
Customizable Table: Shows timeframe, symbol, bias, volume, and special note (“Analyze | Wait | Repeat”).
Bias Lines: Plots high/low lines on higher timeframe, with optional extension.
Labels: Customizable bias and profit target labels (Tiny, Small, Normal sizes).
Trading Advantages
Reveals institutional moves before retail traders react.
Detects reversals ahead of conventional indicators.
Enables precise entry timing with smart money.
Enhances risk management with clear strength signals.
Simplifies complex price action into actionable insights.
Profit Target Framework
Bullish Patterns: Target higher timeframe high.
Bearish Patterns: Target higher timeframe low.
Plus Strength: Expects direct move to target.
Minus Strength: Anticipates measured advance with potential pullbacks and/or violations.
Visual Implementation
Lines and Labels: High/low bias lines and profit target markers adapt to timeframe.
Table Display: Configurable position (top/middle/bottom, left/center/right) with key metrics.
Bar Coloring: Optional coloring based on bias or plus/minus strength.
Trader’s Mantra
"Analyze | Wait | Repeat" - Discipline turns market reading into consistent profits.
Elevate your trading with MMM CANDLE BIAS 2.0, where professional-grade analysis meets intuitive design.
Note: Based on the proprietary Max Maserati Method for educational and analytical use.
Float LabelTakes the TradingView key stats on available float for a stock making it a clear indicator on your chart.
Hitterz ConfirmationThis script is used for shorting with a period of 30 minutes to 1 hour on a one minute timeframe, has audible alerts that can be sent to email. Suitable for currency markets.
Double BBThis is an indicator that allows you to put two std deviations together at one go for Bollinger Bands (BB)
Intraday Fibs RetracementFibonacci (Fibs) levels are often used by traders as a way to find support and resistance, based on the Fibonacci sequence. These levels are widely used in technical analysis to identify potential reversal points in the price of an asset.
Fibs retracement draws lines at these Fibs level between a significant high and low point on a price chart.
What it shows:
This indicator will automatically draw Fibs Retracement Levels on your chart without any manual work.
It is designed to be used for day trading, especially in scenarios where a ticker gaps up/down large compared to the prior day close. (i.e. scenario where the difference of day's open and prior day close is large)
The drawing will happen on each trading day the moment trading hours open, and will NOT draw during pre-market and post-market.
User can see the line of each Fibs level, labelled with the Fib percentage and price value for the corresponding levels.
User will specify a start and end point of Fibs and based on the choice the indicator will automatically compute the other user defined Fibs levels and display on the chart.
How to use it:
The Fib levels drawn can be a potential support and resistance zone. Therefore in scenario where you already have a position and are approaching one of these levels it could be a point to close out some or all the position as you are approaching a resistance. On the other hand when price do approach these levels you could enter a position for a reversal trade. These are few ways to use the indicator but there are other ways that can be used, which can be found out by researching "Fibonacci (Fibs) Retracement".
In the example on the chart you can see a price bounce from the 0.7886 Fibs level on this particular day, where the price gapped up and was coming down after market hours opened.
Key settings:
1. Fibs Retracement Start and end Point: User selects where the Fibs levels should be drawn.
Available Options are:
Start Points:
Market Open
Market Open High (Dependent on the time frame you are on)
Pre-market High
Day's High
End Points:
Previous Day Close
Previous Day Low
Previous Day High
Pre-market Low (Current Day)
Day's Low
2. Custom Fib Levels: User can manually enter the Fib levels they want to see. (Max 9)
Default values are: 0,0.236,0.382,0.5,0.618,0.786,1,1.618,2.618.
3. Display settings: User can specify the line colour, thickness and style.
4. Label Setting: User can choose to turn on/off the labels for the each Fibs Level. Label will show the fib percentage and the corresponding price. User can also choose the location of the labels, defined by an offset from the current candle.
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If anything is not clear please let me know!
Triple BBThis is an indicator of BB (Bollinger Band) that allows you to put three standard deviations in one go.
CoinWise - TPO PVPCOINWISE TPO PVP
Visualize where the market has agreed on value and where it hasn't.
🔹 What Is It? Why Does It Matter?
Traditional price charts display where price has been, but they often lack context regarding where the market has established value. The CoinWise TPO PVP indicator bridges this gap by integrating two analytical perspectives:
Periodic Volume Profile (PVP):
Illustrates price levels with significant trading activity, highlighting areas where substantial buying and selling have occurred.
Time Price Opportunity (TPO):
Depicts where price spent the most time, revealing levels of market acceptance and participant interest.
By combining these profiles, traders gain a comprehensive view of market dynamics, enabling them to identify key support and resistance zones, anticipate potential breakout areas, and better understand market sentiment.
🔹 Core Components
1. Periodic Volume Profile (PVP):
The Periodic Volume Profile provides a horizontal histogram on the price chart, illustrating the distribution of trading volume across different price levels over a specified time period. Key elements include:
Value Area (VA):
This is the range of price levels where a significant portion (commonly 70%) of the total volume was traded during the specified period. It represents the zone where market participants found the most consensus on price, indicating areas of fair value.
Point of Control (POC):
The price level within the Value Area that had the highest traded volume. It signifies the price at which the most trading activity occurred, often acting as a magnet for price due to its representation of market consensus.
2. Time Price Opportunity (TPO):
The TPO chart segments the trading session into equal time intervals, marking each interval with a letter or block at the price levels traded during that period. This creates a profile that reflects where price spent the most time, offering insights into market behavior. Key components include:
TPO Value Area (TVA):
Similar to the Volume Profile's Value Area, this range encompasses the price levels where a significant portion (typically 70%) of the time was spent during the trading session. It highlights areas of price acceptance.
TPO Point of Control (TPOC):
The price level where the most time was spent during the session. It indicates the price level with the highest market activity in terms of time, reflecting strong interest and potential support or resistance.
Single Prints:
These are price levels where trading occurred during only one time interval, indicating a swift move through that price range. Single prints often represent areas of low liquidity and can act as potential targets for price to revisit, filling in the gaps left during rapid movements
Initial Balance Ranges:
Visualizes the initial balance range for specified durations (e.g., 1h, 30m, 15m, 5m, or just the open), aiding in the identification of potential breakout zones.
Naked Point of Control (NPOC):
A POC from a previous session that hasn't been revisited by price. These levels are considered significant as they may act as future support or resistance zones, attracting price back to them.
🔹 Enhanced TPO Profile Features
Summary Information Panel:
A summary panel provides key statistics for each TPO profile, offering traders a quick overview of market structure and dynamics. This panel can display information such as total TPO count, TPOs above and below the Point of Control (POC), Value Area High (VAH), Value Area Low (VAL), and the Initial Balance range.
Custom Session Definitions:
The ability to define custom trading sessions (e.g., pre-market, regular hours, post-market) allows traders to tailor the TPO analysis to specific market hours, accommodating various trading strategies and time zones.
While the TPO profile focuses on time-based analysis, integrating it with a Volume Profile offers a more comprehensive view by combining both time and volume data. This dual perspective enhances the identification of significant price levels and market activity zones.
🔹 Customization and Settings
The CoinWise TPO PVP indicator offers a suite of configurable options, allowing traders to tailor the analysis to their specific trading strategies and preferences:
Time-frame Selection:
Choose between custom timeframes or predefined sessions (e.g., New York, London) to analyze specific market periods. This flexibility enables traders to focus on periods that align with their trading strategies.
Resolution Adjustment:
Modify the granularity of the profile to suit different instruments and trading strategies. A higher resolution provides a more detailed view, which can be beneficial for analyzing volatile markets or shorter timeframes.
Row Size Configuration:
Set the height of each profile row, either automatically or manually, to match the asset's volatility and tick size. This customization ensures that the profile accurately reflects the market's price movements.
Value Area Percentage:
Adjust the percentage of volume or time that defines the Value Area, allowing for more or less inclusive zones. This setting helps in identifying the range where the majority of trading activity occurred.
Label Management:
Combine overlapping labels for a cleaner chart presentation, ensuring clarity without sacrificing information. This feature is particularly useful when analyzing multiple profiles or when chart space is limited.
By fine-tuning these settings, traders can enhance their market analysis, identify key support and resistance levels, and make more informed trading decisions.
🔹 Advanced Features
80% Rule Visualization:
The 80% Rule is a trading principle derived from Market Profile theory.
It suggests that if the market opens outside the previous day's Value Area and then re-enters it, there's a high probability approximately 80% that the price will traverse the entire Value Area.
This feature highlights such scenarios, aiding traders in identifying potential full-range movements within the Value Area.
Good and Bad Highs/Lows:
This feature analyzes the extremities of the TPO profile to assess the quality of price highs and lows:
Good High/Low:
Characterized by a single TPO at the extreme, indicating a strong rejection and a completed auction at that price level.
Poor High/Low:
Identified by multiple TPOs stacked at the extreme, suggesting a lack of sufficient rejection and an incomplete auction, which may lead to future price retests at these levels.
By distinguishing between good and poor highs/lows, traders can better anticipate potential reversals or continuations.
Auto Time-frame Switching:
To maintain contextual relevance, this feature automatically adjusts the profile's timeframe based on the chart's current resolution. For instance, if the chart is set to a lower time-frame, the profile may switch to a session view, whereas higher time-frames might prompt a daily view. This automation ensures that the displayed data aligns with the trader's focus, providing consistent and meaningful insights across different trading scenarios.
🔹 Practical Application
The CoinWise TPO PVP indicator serves as a comprehensive tool for traders aiming to understand market dynamics through the lens of volume and time. Here's how to effectively utilize its features:
Identify Key Levels:
By analyzing the Value Area and Point of Control (POC), traders can pinpoint significant price levels where substantial trading activity has occurred. These areas often act as strong support or resistance zones, providing strategic points for trade entries or exits.
Spot Market Imbalances:
The detection of Single Prints and Naked POCs (NPOCs) highlights zones where the market moved swiftly, leaving behind areas of low trading activity. These imbalances may indicate potential retracement levels or continuation points, offering opportunities for strategic positioning.
Enhance Trade Entries and Exits:
Integrating insights from both volume and time distributions allows for more informed decision-making. Recognizing areas of high market interest can lead to better-timed entries, while understanding potential reversal zones aids in optimizing exit strategies.
Adapt to Market Conditions:
The indicator's customizable settings enable traders to adjust parameters such as timeframe, resolution, and value area percentage. This flexibility ensures the tool remains effective across various market environments and trading instruments.
By leveraging these applications, traders can gain a deeper understanding of market behavior, leading to more strategic and informed trading decisions.
PER x RangeThis Pine Script calculates the target price of the Nikkei Average based on the EPS (Earnings Per Share) and different PER (Price-to-Earnings Ratio) multiples ranging from 17.5x to 12x, in increments of 0.5x. It then plots these target prices on the chart.
Key Features:
Input EPS: You can manually input the current EPS value of the Nikkei Average (the example uses 2380, but you can replace it with the actual EPS).
PER Multiples Calculation: The script calculates target prices for different PER multiples (17.5x, 17x, 16.5x, ..., down to 12x).
Plotting Target Prices: The calculated target prices (EPS * PER) are plotted on the chart as blue lines, showing you different target price scenarios based on varying PER multiples.