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Signalgo S/RSignalgo S/R Signalgo S/R is a cutting-edge TradingView indicator engineered for traders who want to leverage support and resistance (S/R) in a way that goes far beyond traditional methods. This overview will help you understand its unique approach, inputs, entry and exit strategies, and what truly sets it apart. How Signalgo S/R Works Multi-Timeframe S/R Detection Layered Analysis: Signalgo S/R continuously scans price action across a wide spectrum of timeframes, from 1 minute up to 3 months. This multi-layered approach ensures that both short-term and long-term S/R levels are dynamically tracked and updated. Advanced Pivot Recognition: Instead of simply plotting static lines, the indicator uses a sophisticated pivot recognition system to identify only the most relevant and recent S/R levels, adapting as the market evolves. Synchronized Structure: By aligning S/R levels across timeframes, it builds a robust market structure that highlights truly significant zones—areas where price is most likely to react. Intelligent Breakout & Reversal Signals Close Confirmation: The indicator only triggers a breakout or breakdown signal when price not just touches, but closes beyond a key S/R level, dramatically reducing false signals. Multi-Timeframe Confirmation: True buy or sell signals require agreement across several timeframes, filtering out noise and improving reliability. One-Time Event Detection: Each breakout or breakdown is recognized only once per occurrence, eliminating repetitive signals from the same event. Inputs & User Controls Preset Parameters: Pivot Length: Adjusts how sensitive the S/R detection is to price swings. Label Offset: Fine-tunes the placement of visual labels for clarity. Trade Management Controls: Show TP/SL Logic: Toggle to display or hide take-profit (TP) and stop-loss (SL) levels. ATR Length & Multipliers: Adapt SL and TP distances to current volatility. Enable Trailing Stop: Option to activate dynamic stop movement after TP1 is reached. Entry & Exit Strategy Entry Logic Long (Buy) Entry: Triggered when multiple timeframes confirm a breakout above resistance, signaling strong upward momentum. Short (Sell) Entry: Triggered when multiple timeframes confirm a breakdown below support, indicating strong downward momentum. Exit & Trade Management Stop Loss (SL): Automatically set based on recent volatility, always adapting to current market conditions. Take Profits (TP1, TP2, TP3): Three profit targets are set at increasing reward multiples, allowing for partial exits or scaling out. Trailing Stop: After the first profit target is reached, the stop loss moves to breakeven and a trailing stop is activated, locking in gains as the trade continues. Event Markers: Each time a TP or SL is hit, a visual label is placed on the chart for full transparency. What Separates Signalgo S/R from Traditional S/R Indicators? True Multi-Timeframe Synchronization: Most S/R tools only look at a single timeframe or plot static levels. Signalgo S/R dynamically aligns levels across all relevant timeframes, providing a comprehensive market map. Event-Driven, Not Static: Instead of plotting every minor swing, it intelligently filters for only the most actionable S/R levels and signals—reducing chart clutter and focusing attention on what matters. Breakout Confirmation Logic: Requires a close beyond S/R, not just a wick, to validate breakouts or breakdowns. This greatly reduces false positives. Automated, Adaptive Trade Management: Built-in TP/SL and trailing logic mean you get not just signals, but a full trade management suite—something rarely found in standard S/R indicators. Visual & Alert Integration: Every signal, TP/SL event, and trailing stop is visually marked and can trigger TradingView alerts, keeping you informed in real time. Trading Strategy Application Scalping to Swing Trading: The multi-timeframe logic makes it suitable for all trading styles, from fast intraday moves to longer-term position trades. Systematic, Disciplined Execution: By automating entries, exits, and risk management, Signalgo S/R helps you trade with confidence and consistency, removing emotion from the process. Noise Reduction: The advanced filtering logic means you only see the highest-probability setups, helping you avoid common S/R “fakeouts.”
Indicador Pine Script®
por signalgo
🤖Dynamic-GBLevls/By Essaidovski👽This indicator is for educational purposes, made to mark possible DAILY price levels of interest that are formed on goldbach levels (GBL) described in book of Hopiplaka « Goldbach Fundamentals « . This indicator will show you the current dealing range. The concept of dealing range comes from the inner circle trader (ICT) and gives you a range between an established swing high and an established swing low. The indicator works on any TF ! But the main use remains Day trading , scalping , HF trading . The DYNAMIC GBL LEVEL, automatically plots DYNAMIC DAILY horizontal lines (GBL) on your chart. NO NEED TO CHOSE , CALCULATE which PO3 is going to work . The indicator did this job , based on an advanced mathematical formula which will CONTINUOUSLY CALCULATE AN APDATE GBL levels . It is offering traders a novel approach to identifying Daily key levels that might influence price movements. These levels serve as lines , where price has a high probability to react. GBL levels are customizable: You can adjust the colors, line styles, or alerts associated with these levels to fit your trading preferences. Also if you want , you can try to combine the Dynamic GBL level indicator with other strategy ,indicators for more confirmation (market structure , Price Action, Elliot wave ….etc). The blocks that correspond to the Goldbach levels are labeled with abbreviations as follows: 1 Ext = External range 2 Low = Range low 3 High = Range high 4 FVG = Fair value gap 5 RB = Rejection block 6 OB = Order block 7 LV = Liquidity void 8 BR = Breaker 9 MB = Mitigation block 10 electric touch 11 death line 12 CE : Consequent encroachment.
Indicador Pine Script®
por essaidovski
Macro S&D BetaMacro S&D Suite: Part 2 of 4 — Macro S&D Beta Overview Introduction to Macro S&D Beta Macro S&D Beta focuses on identifying lower‑timeframe supply and demand zones derived from 30‑minute, 15‑minute, and 5‑minute charts. It provides tactical precision for intraday and swing traders by mapping micro support and resistance levels within the broader Alpha structure. How Macro S&D Beta Works Pivot Zone Refinement: Segments higher‑timeframe pivots into finer zones that align with shorter‑term market swings. Volatility & Structure Filters: Applies recent volatility metrics to validate only zones with significant trading activity. Internal Pivot Layers: Calculates secondary pivot points within each Beta zone to draw micro‑levels where momentum shifts often occur. Dynamic Recalculation: Zones update automatically as new intraday pivots form, ensuring real‑time tactical relevance. These refined zones help you pinpoint entries and exits on lower‑timeframe charts. Applying Macro S&D Beta Select a Lower‑Timeframe Chart: Add Beta on a 30‑minute chart to view your primary tactical zones. Observe Reactions: Look for clear price bounces or rejections at zone boundaries—these areas often mark high‑probability trade opportunities. Drill Down Further: Switch to 15‑ and 5‑minute timeframes to refine entry and exit levels within each Beta zone. Combine with Momentum Tools: Use TTM signals (squeeze on/off and histogram shifts) to confirm timing at Beta pivots. Execute & Manage: Enter on a clean reversal signal at the zone edge, set stops just outside, and target higher‑timeframe Alpha zones or subsequent Beta layers. Advantages of Macro S&D Beta Tactical Estimates: Provides micro‑zone definitions for tighter risk control and faster entries. Seamless Alpha Integration: Complements Part 1 by filling in the tactical gaps within broad structural zones. Noise Reduction: Filters out low‑volume swings to minimise false signals in choppy markets. Real‑Time Adaptation: Automatically recalculates with each new intraday pivot, keeping you in sync with evolving price action.
Indicador Pine Script®
por Rotuma
Round Number Levels ProRound Number Levels Pro is a powerful support and resistance indicator that automatically plots psychological price levels on your chart. What it does: - Displays major round number levels (100, 200, 300, etc.) with prominent lines - Shows mid-level lines (50, 150, 250, etc.) for additional reference points - All lines extend across the entire chart for maximum visibility - Automatically adjusts levels based on current price action Key Features: - Customizable Font Sizes - Large text for main levels, normal for mid-levels - Clean Black Styling - Professional appearance that works on any chart background - Flexible Line Styles - Choose solid, dashed, or dotted lines for main and mid levels - Adjustable Parameters - Control number of levels, rounding increments, and label positioning - Full Chart Extension - Lines extend both directions for complete price reference Perfect for: - Day traders looking for key psychological support/resistance levels - Swing traders identifying major price zones - Any trader who uses round numbers as decision points How to use: Simply add to your chart and the indicator will automatically plot relevant round number levels. Customize the settings to match your trading style and timeframe. These psychological levels are where many traders make decisions, often creating natural support and resistance zones in the market.
Indicador Pine Script®
por Turzaluk
Fibonacci retracementHi all! This indicator will show you the most recent Fibonacci retracement in the current trend. So if the trend is bullish the Fibonacci retracement will be drawn from swing low to high and from swing high to low in a bearish trend. The uniqueness in this script lies in the adaptation to trend. To only plot the Fibonacci retracements according to the current market trend. The trend is determined through break of structures (BOS) and change of characters (CHoCH). A change of character can be of type change of character plus (with a failed swing) and will then be shown as CHoCH+. This is possible through my library 'MarketStructure' (). It only uses break of structures and change of characters to be able to determine the trend, if you want a more detailed picture of the market structure you can use my script 'Market structure' (). History and what to look for Fibonacci retracement levels are used by many traders and are levels that are not Fibonacci sequence numbers themselves but they deriver from them. Some examples are: 23,6% - Divide a number by one three places ahead (e.g. 13/55) 38,2% - Divide a number by the one two places ahead (e.g. 21/55) 50% - Not from the Fibonacci sequence, but it's a number that price has reacted from in the past. Markets tend to retrace half a move before continuing 61,8% - The "golden retracement level". It derives from the "golden ratio" and is a core component of the Fibonacci sequence. The further you go in the Fibonacci sequence the preceding number divided by the current number will get closer and closer to this "golden ratio". This level is considered the most important Fibonacci retracement level by many traders 78,6% - Square root of 61.8%. This is often considered a deep correction (but not a trend reversal) and are often used for late entries These levels are considered "key" and most significant. You want to look for a retracement of the price (down in a bullish trend and up in a bearish trend) to give you good entries. Settings For the trend you can set the pivot/swing lengths (right and left) and use the checkbox if you want these pivots to have labels. This can be done in the 'Market strucure' section. In the 'Fibonacci retracement' section there is settings for the actual Fibonacci retracement. You can enable the trendline, set the color and the style of it. You can select which levels that should be shown by the indicator. There are 11 levels enabled by default, they are; 0-4.236. All settings in this section tries to be as similar to the "Fib Retracement" tool in Tradingview. You can also select the style of these lines (solid, dashed or dotted) and if you want them to extend to the right or not. After this you can select if the Fibonacci retracement should be reversed or not, if prices should be displayed, if levels should be displayed and if to show the decimal levels or percentages and lastly the font size of these labels. All defaults are based on the "Fib Retracement" tool by Tradingview. Visualization This indicator aims to be as visually similar to the default ("Fib Retracement") tool here on Tradingview. It will plot the Fibonacci retracement (called Auto Fibonacci/Auto fib) according to the trend from the library 'MarketStrucure'. The big differences from the "Fib Retracement" tool by Tradingview is that it's automatic (that adapts to trend), the market structure is visualized through lines and labels (showing 'BOS' for break of structures and 'CHoCH'/'CHoCH+' for change of characters) and that the labels showing information about the levels are positioned to be highly visible (left if <50% otherwise right if in a bullish trend, vice versa in a bearish trend or if reversed). Don't hesitate if you have any feedback or nice feature suggestions! Best of trading luck!
Indicador Pine Script®
por mickes
2
Initial Balance Wave MapThis indicator visualizes the Initial Balance (IB) range for any session, marking the first hour's high and low. It includes optional midpoints, extensions (e.g. 1.5x IB, 2x IB), and customizable time windows. Additional features allow users to display session open, high, low, close, and VWAP reference points. Designed to support price action and session structure analysis, it adapts to various global futures and FX market opens. All display elements are optional and fully configurable. This updated indicator builds upon the open-source foundation by @noop-noop with enhancements and user-facing labels tailored for Auction Market Theory, scalping, and structure-based trade setups. Key updated Featured: Multiple previous day's IB levels carry forward into the current day's chart, as opposed to just the previous day's levels carrying forward to the new IB time. 🙌 Credits: This script builds upon the excellent open-source work by @noop-noop. Original script available here .
Indicador Pine Script®
por traderdrysdale
1
Inflection PointInflection Point - The Adaptive Confluence Reversal Engine This is not just another peak and valley indicator; it is a complete and total reimagining of how market turning points are detected, qualified, and acted upon. Born from the foundational concepts explored in systems like my earlier creation, DAFE - Turning Point, Inflection Point is a ground-up engineering feat designed for the modern trader. It moves beyond static rules and simple pattern recognition into the realm of dynamic, multi-factor confluence analysis and adaptive machine learning. Where other indicators provide a guess, Inflection Point provides a probability. It meticulously analyzes the market's deepest currents—momentum, exhaustion, and reversal velocity—and fuses them into a single, unified "Confluence Score." This is not a simple combination of indicators; it is an intelligent, weighted system where each component works in concert, creating an analytical engine that is orders of magnitude more sophisticated and reliable than any standard reversal tool. Furthermore, Inflection Point learns. Through its advanced Adaptive Learning Engine, it constantly monitors its own performance, adjusting its confidence and selectivity in real-time based on its recent success rate. This allows it to adapt its behavior to any security, on any timeframe, with remarkable success. Theoretical Foundation - Confluence Core Inflection Point's predictive power does not come from a single, magical formula. It comes from the intelligent synthesis of three critical market phenomena, weighted and scored in real-time to generate a single, high-conviction probability rating. 1. Factor One: Pre-Reversal Momentum State (RSI Analysis) Instead of reacting to a simple RSI cross, Inflection Point proactively scans for the build-up of momentum that precedes a reversal. • Formulaic Concept: It measures the highest RSI value over a lookback period for peaks and the lowest RSI for valleys. A signal is only considered valid if significant momentum has been established before the turn, indicating a stretched market condition ripe for reversal. • Asymmetric Sophistication: The engine uses different, optimized thresholds for bull and bear momentum, recognizing that markets often fall faster than they rise. 2. Factor Two: Volatility Exhaustion (Bollinger Band Analysis) A true reversal often occurs when price makes a final, exhaustive push into unsustainable territory. • Formulaic Concept: The engine detects when price has significantly pierced the outer Bollinger Bands. This is not just a touch, but a statistical deviation from the mean that signals volatility exhaustion, where the energy for the current move is likely depleted. 3. Factor Three: Reversal Strength (Rate of Change Analysis) The character of a reversal matters. A sharp, decisive turn is more significant than a slow, meandering one. • Formulaic Concept: Using a short-term Rate of Change (ROC), the engine measures the velocity of the reversal itself. A higher ROC score adds significant weight to the final probability, confirming that the new direction has conviction. 4. The Final Calculation: The Adaptive Learning Engine This is the system's "brain." It maintains a history of its past signals and calculates its real-time win rate. This hitRate is then used to generate an adaptiveMultiplier. • Self-Correction: In "Quality Control" mode, a high win rate makes the indicator more selective, demanding a higher probability score to issue a signal, thereby protecting streaks. A lower win rate makes it slightly less selective to ensure it continues learning from new market conditions. • The result is a system that is not static, but a living, breathing tool that adapts its personality to the unique rhythm of any chart. Why Inflection Point is a Paradigm Shift Inflection Point is fundamentally different from other reversal indicators for three key reasons: Confluence Over Isolation: Standard indicators look at one thing (e.g., RSI > 70). Inflection Point simultaneously analyzes momentum, volatility, and velocity, understanding that true reversals are a product of multiple converging factors. It answers not just "if," but "why" a reversal is likely. Probabilistic Over Binary: Other tools give you a simple "yes" or "no." Inflection Point provides a probability score from 0-100, allowing you to gauge the conviction of every potential signal. This empowers you to differentiate between a weak setup and an A+ opportunity. Adaptive Over Static: Every other indicator uses the same rules forever. Inflection Point's Adaptive Engine means it is constantly refining its own logic based on what is actually working in the current market, on the specific asset you are trading. It is tailored to the now. The Inputs Menu - Your Command Center Every setting is a lever of control, allowing you to tune the engine to your precise trading style and market focus. 🧠 Neural Core Engine Analysis Depth: This is the primary lookback for the Bollinger Band and other core calculations. A shorter depth makes the indicator faster and more sensitive, ideal for scalping. A longer depth makes it slower and more stable, ideal for swing trading. Minimum Probability %: This is your master signal filter. It sets the minimum Confluence Score required to plot a signal. Higher values (85-95) will give you only the highest-conviction A+ setups. Lower values (70-80) will show more potential opportunities. 🤖 Adaptive Neural Learning Enable Adaptive Learning Engine: Toggles the entire learning system. Disabling it will make the indicator's logic static. Peak/Valley Success Threshold (ATR): This defines what constitutes a "successful" trade for the learning engine. A value of 1.5 means price must move 1.5x the ATR in your favor for the signal to be marked as a win. Adjust this to match your personal take-profit strategy. Adaptive Mode: This dictates how the engine uses its hitRate. "Quality Control" is recommended for its intelligent filtering. "Aggressive" will always boost signal scores, useful for finding more setups in a known, trending environment. Asymmetric Balance: Allows you to apply a "boost" to either peak (short) or valley (long) signals. If you find the market you're trading has stronger long reversals, you can increase the "Valley Signal Boost" to catch them more effectively. 🛡️ Elite Filters Market Noise Filter: An exceptional tool for avoiding choppy markets. It counts the number of directional changes in the last 5 bars. If the market is whipping back and forth too much, it will block the signal. Lower the "Max Direction Changes" to be extremely selective. Volume Filter: Requires signal confirmation from a significant volume spike. The "Volume Multiplier" dictates how large this spike must be (e.g., 1.2 = 20% above average volume). This is invaluable for filtering out low-conviction moves in stocks and crypto. The Dashboard - Your Analytical Co-Pilot The dashboard is not just a set of numbers; it is a holistic overview of the market's health and the engine's current state. Unified AI Score: This section provides the most critical, at-a-glance information. "Total Score" is the current probability reading, while "Quality" gives you a human-readable interpretation. "Win Rate" shows the real-time performance of the Adaptive Engine. Order Flow (OFPI): This measures the "weight" of money behind recent price moves by analyzing price change relative to volume. A high positive OFPI suggests strong buying pressure, while a high negative value suggests strong selling pressure. It gives you a peek into the market's underlying flow. Component Analysis: This allows you to see the individual "Peak" and "Valley" confidence scores before they are filtered, giving you insight into building momentum before a signal forms. Market Structure: This panel assesses the broader environment. "HTF Trend" tells you the direction of the larger trend (based on EMAs), while "Vol Regime" tells you if the market is in a high, medium, or low volatility state. Use this to align your signals with the broader market context. Filter & Engine Statistics: Available on the "Large" dashboard, this provides deep insight into how many signals are being blocked by your filters and the current status of the Adaptive Engine's multiplier. The Visual Interface - A Symphony of Data Every visual element on the chart is designed for instant interpretation and insight. Signal Markers: Simple, clean triangles mark the exact bar of a valid signal. A box is drawn around the high/low of the signal bar to highlight the precise point of inflection. Dynamic Support/Resistance Zones: These are the glowing lines on your chart. They are not static lines; they are dynamic levels that represent the current battlefield between buyers and sellers. Cyber Cyan (Valley Blue): This is the current Support Zone. This is the price level the market is currently trying to defend. Neural Pink (Peak Red): This is the current Resistance Zone. This is the price level the market is currently trying to break through. Grey (Next Level): This line is a projection, based on the current momentum and the size of the S/R range, of where the next major level of conflict will likely be. It acts as a potential price target. Development & Philosophy Inflection Point was not assembled; it was engineered. It represents hundreds of hours of research into market dynamics, statistical analysis, and machine learning principles. The goal was to create a tool that moves beyond the limitations of traditional technical analysis, which often fails in modern, algorithm-driven markets. By building a system based on multi-factor confluence and self-adaptive logic, Inflection Point provides a quantifiable, statistical edge that is simply unattainable with simpler tools. This is the result of a relentless pursuit of a better, more intelligent way to trade. Universal Applicability The principles of momentum, exhaustion, and velocity are universal to all freely traded markets. Because of its adaptive core and robust filtering options, Inflection Point has proven to be exceptionally effective on any security (stocks, crypto, forex, indices, futures) and on any timeframe (from 1-minute scalping charts to daily swing trading charts). " Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. " — George Soros Trade with insight. Trade with anticipation. — Dskyz, for DAFE Trading Systems
Indicador Pine Script®
por DskyzInvestments
17
Pivot Channel LevelsPivot Channel Levels Indicator Description “Pivot Channel Levels” is an advanced technical analysis tool that identifies key price pivots (highs and lows) and creates dynamic support and resistance levels based on the wicks of candles at these points (or bodies if wicks are minimal). The indicator analyzes the volume at the time of a pivot’s formation, displaying its value and percentage change relative to the volume’s simple moving average (SMA). It does not generate buy/sell signals but provides a clear visualization of market structure, helping traders identify potential price reaction zones and assess the strength of market movements. Why Are Wicks Important? Candle wicks at price pivots indicate significant market reactions in key areas. Depending on the context, they may signal rejection, testing, or absorption of a support or resistance level. Long wicks often appear where large players are active, and the marked zones are frequently retested. The indicator allows for quick identification and observation of their impact on future price action. Why Use It? - Precise Support and Resistance Levels: The indicator draws price channels based on candle wicks at pivots (or bodies if wicks are absent), enabling better identification of zones where price may react. - Volume Analysis: It shows how the volume at a pivot differs from the average, indicating potential activity by large players or key market moments. - Visual Clarity: Colored lines, channel fills, and clear labels facilitate quick chart analysis, even on short timeframes. - Flexibility: Adjustable pivot length, volume average, and label colors allow customization to various trading strategies. How It Works - Pivot Detection: Automatically identifies local highs and lows based on the “Pivot Length” parameter (default: 20 candles). This means a pivot appears on the chart with a 20-candle delay. Reducing this value allows faster pivot detection (after fewer candles), increasing their number but potentially generating more noise. - Channel Creation: Draws support and resistance levels based on the wicks of candles at pivot points (or bodies if wicks are minimal) with a delay to confirm zones. A pivot channel is drawn until the next pivot is identified, but if not previously broken, it remains valid as active support or resistance. - Volume Analysis: Displays the volume at the pivot’s formation and its percentage change relative to the volume’s SMA. - Visualization: Pivot and channel levels are shown as lines with fills, and labels display volume and its deviation from the average. Trading Applications - Swing Trading: Use pivot levels and channels to identify price reversal points or consolidation zones. - Scalping: Monitor price reactions to channels on short timeframes, especially with high volume. - Faster Pivot Identification: Switch to a lower timeframe (e.g., from H1 to M15) to identify pivots more quickly, allowing earlier reactions to price changes. - Market Context Analysis: High volume at pivots may indicate significant levels likely to be retested. - Combining with Other Tools: The indicator pairs well with Fibonacci retracement, supply/demand zones, or oscillators like RSI. Settings and Customization - Pivot Length: Determines how many candles back and forward are analyzed to detect pivots (default: 20). A smaller value increases sensitivity, a larger one enhances stability. - Volume Average: Length of the SMA for volume (default: 20). Adjust to better reflect market characteristics. - Label Colors: Choose colors for bullish and bearish pivot labels to match your chart style. Usage Examples - Identifying Key Zones: If the price approaches a pivot level with high volume (e.g., +50% relative to SMA), it may signal strong support or resistance. - Breakout Confirmation: A channel breakout with high volume can indicate trend continuation. - Price Reaction Analysis: Long wicks at pivots with high volume may signal level rejection by large players. Notes for Users - The indicator performs best on highly liquid markets (e.g., Forex, indices, cryptocurrencies). - On short timeframes (e.g., M1, M5), it may generate more noise—adjust “Pivot Length” to suit your needs. - Consider combining with other indicators to confirm signals derived from pivot and volume analysis.
Indicador Pine Script®
por Uncle_the_shooter
6
Fibonacci Retracement levels Automatically D/W/MIndicator Description: Fibonacci Retracement levels Automatically Fibonacci retracement levels based on the day, week, month High Low range and Fibonacci retracement levels draws automatically .This Pine Script indicator is designed to plot Fibonacci retracement levels based on the high and low prices of a user-selected timeframe (Daily, Weekly, or Monthly). It identifies bullish or bearish candles in the chosen timeframe, draws key price levels, and overlays Fibonacci retracement lines and semi-transparent colored boxes to highlight potential support and resistance zones. The indicator dynamically updates with each new period and extends lines, labels, and boxes to the current bar for real-time visualization. Key Features 1. Timeframe Selection: Users can choose the timeframe for analysis: Daily, Weekly, or Monthly via an input dropdown. The indicator retrieves the open, high, low, and close prices for the selected timeframe using `request.security`. 2. High and Low Tracking : Tracks the highest high and lowest low within the selected timeframe. Stores these values and their corresponding bar indices in arrays (`whigh`, `wlow`, `whighIdx`,`wlowIdx`). Limits the array size to the most recent period to optimize performance. 3. Bullish and Bearish Candle Detection : Identifies whether the previous period’s candle is bullish (`close > open`) or bearish (`close < open`). Uses this to determine the direction for Fibonacci retracement calculations. Bullish candle: Fibonacci levels are drawn from low to high Bearish candle: Fibonacci levels are drawn from high to low 4. Fibonacci Retracement Levels : Plots Fibonacci levels at 0.236, 0.382, 0.5, 0.618, and 0.786 between the high and low of the period. For bullish candles, levels are calculated from the low (support) to the high (resistance). For bearish candles, levels are calculated from the high (resistance) to the low (support). Each Fibonacci level is drawn as a horizontal line with a unique color: - 0.236: Blue - 0.382: Purple - 0.5: Yellow - 0.618: Teal - 0.786: Fuchsia 5. Visual Elements: - High/Low Lines and Labels: Draws a red line and label for the previous period’s high. Draws a green line and label for the previous period’s low. Fibonacci Lines and Labels: Each Fibonacci level has a horizontal line and a label displaying the ratio. Colored Boxes: Semi-transparent boxes are drawn between consecutive Fibonacci levels (including high and low) to highlight zones. 6. Dynamic Updates: - At the start of a new period (e.g., new week for Weekly timeframe), the indicator: - Clears previous Fibonacci lines, labels, and boxes. - Recalculates the high and low for the new period. - Redraws lines, labels, and boxes based on the new data. - Extends all lines, labels, and boxes to the current bar index for real-time tracking. 7. Performance Optimization: - Deletes old lines, labels, and boxes to prevent clutter. - Limits the storage of highs and lows to the most recent period. How It Works 1. Initialization: Defines variables for tracking bullish/bearish candles, lines, labels, and arrays for Fibonacci levels and boxes. Sets up color arrays for Fibonacci lines and boxes with distinct, semi-transparent colors. 2. Data Collection: Fetches the previous period’s OHLC (open, high, low, close) using `request.security`. Detects new periods (e.g., new week or month) using `ta.change(time(tf))`. 3. Fibonacci Calculation: On a new period, stores the high and low prices and their bar indices. - Identifies the maximum high and minimum low from the stored data. - Calculates Fibonacci levels based on the range (`maxHigh - minLow`) and the direction (bullish or bearish). 4. Drawing: - Draws high/low lines and labels at the identified price levels. Plots Fibonacci retracement lines and labels for each ratio. Creates semi-transparent boxes between Fibonacci levels to visually distinguish zones. 5. Updates: - Extends all lines, labels, and boxes to the current bar index when a new period is detected. Clears old Fibonacci elements to avoid overlap and ensure clarity. Usage - Purpose: This indicator is useful for traders who use Fibonacci retracement levels to identify potential support and resistance zones in financial markets. - Application: - Select the desired timeframe (Daily, Weekly, Monthly) via the input settings. - The indicator automatically plots the previous period’s high/low and Fibonacci levels on the chart. - Use the labeled Fibonacci levels and colored boxes to identify key price zones for trading decisions. - Customization: - Modify the `timeframe` input to switch between Daily, Weekly, or Monthly analysis. - Adjust the `fibLineColors` and `fibFillColors` arrays to change the visual appearance of lines and boxes. - The indicator is designed for use on TradingView with Pine Script. - The maximum array size for highs/lows is limited to 1 period in this version (can be adjusted by modifying the `array.shift` logic). - The indicator dynamically updates with each new period, ensuring real-time relevance. This indicator make educational purpose use only
Indicador Pine Script®
por Trend_MyFrend
4
DriftLine - Pivot Open Zones [SiDec]What is DriftLine? DriftLine is your visual roadmap for navigating the markets — designed for both day traders and swing traders who want to understand where price truly matters. It automatically plots the most meaningful price levels on your chart: dOpen → today’s open pdOpen → yesterday’s open bpdOpen → two days ago wOpen → this week’s open mOpen → this month’s open yOpen → this year’s open These are not just lines — they are the milestones big traders, funds, and algos watch to measure bias, performance, and momentum across timeframes. DriftLine also layers on: Fib zones (50%, 61.8%, 78.6%) between today’s and yesterday’s opens — highlighting natural pullback or continuation areas. Fade bands around monthly and yearly opens — showing where the market may be overextended, exhausted, or ripe for reversal. Optional % distance labels — letting you instantly see how stretched or compressed price is relative to key opens. How to Use DriftLine 1️⃣ Daily setups: Trade with the daily bias (dOpen vs. pdOpen). Use the fib pocket as a pullback zone or continuation platform. 2️⃣ Weekly trends: Watch wOpen breaks + retests — often the start of powerful multi-day moves. 3️⃣ Monthly & yearly pivots: Treat mOpen and yOpen as heavyweight macro levels — they shape sentiment and direction. 4️⃣ Fade bands: Spot reactions at the outer bands around mOpen and yOpen — these zones often mark where trends pause or reverse. Why Are Daily Opens So Important? Many traders overlook dOpen (today’s open), pdOpen (yesterday’s open) and bpdOpen (before previous daily open) — but they’re the heartbeat of intraday trading. Here’s why they matter: 🔷 Above dOpen → bullish bias. The market is paying more than it opened — intraday momentum leans long. 🔷 Below dOpen → bearish bias. We’re under today’s open — cautious, risk-off, or short setups. 🔷 pdOpen/bpdOpen as magnet & target. Even in strong trends, price often revisits yesterday’s open. It can act as support, resistance, or a key flip level. 🔷 The Fib pocket between dOpen and pdOpen. The 50–78.6% zone is a dynamic battleground. Watch for price to bounce, reverse, or break through here. In short: dOpen and pdOpen are your intraday compass, showing you whether you’re trading with or against the day’s flow. Why Are Monthly Opens So Powerful? The monthly open (mOpen) is a macro anchor for institutional traders. It answers: ✅ Are we green or red for the month? ✅ Are big funds defending long exposure, or trimming risk? 🔷 Above mOpen = bullish tone, momentum follows. 🔷 Below mOpen = caution, risk-off, defensive market. You’ll often see sharp reactions at mOpen — even when lower timeframes look messy. Aligning your intraday or swing trades with the monthly bias improves your edge dramatically. Why Is the Yearly Open (yOpen) Critical? The yearly open (yOpen) is the king of all opens — the most powerful macro line on the chart. Big funds, asset managers, and long-term traders benchmark everything against yOpen: 🔷 Above yOpen → bullish year tone. Funds are green on the year; dips are often bought aggressively. 🔷 Below yOpen → bearish year tone. Caution dominates; rallies tend to be sold or fade. 🔷 Sharp reactions at yOpen. Expect explosive moves or violent rejections when price approaches this level — it’s where macro players act. And when price hits the fade bands around yOpen? It's a prime territory for reversals or profit-taking. How to Add DriftLine to Your Chart ✅ Easiest way → Go to my TradingView profile, open the Scripts tab, and ⭐ Add to Favourites. Then, on your chart: 1️⃣ Click Indicators → Favourites → select DriftLine 2️⃣ Done — you’re live! Can I Customise It? Absolutely! You can: 🎨 Change line colours and thickness. 🎨 Pick fade band colours to match your theme. 🎨 Adjust fade zone width (e.g., 0.5% or 1%). 🎨 Toggle % distance labels on/off for a clean or detailed view. ⚡ Pro Tip: Use DriftLine With Confluence! ⚡ DriftLine is not a buy/sell signal tool. It’s your map — but you need your own compass. Combine it with: Fibonacci retracements & extensions Elliott Wave patterns Order flow or volume profile Momentum or trend indicators Other tools When multiple tools align at a DriftLine level, that’s where the magic happens — and where the highest-probability trades live. Key Takeaway DriftLine doesn’t predict the future — it frames the battlefield. It highlights where the real action is happening: Where price flips, where traders fight, and where momentum builds. Use it as your market map, combine it with your favourite strategies, and let it sharpen your decisions. 🌊 Read the currents. Trade the flow. Stay sharp, stay patient and trade with clarity. Happy trading!

Indicador Pine Script®
por SiDec
AMV HTF LevelsThe AMV HTF Levels indicator is a custom-built structure tool designed to help traders align with institutional-level zones across multiple timeframes. It auto-plots Fibonacci-based levels from the previous day and dynamically tracks the current session’s opens, highs, and lows across daily, weekly, and monthly timeframes. What it does: Uses previous day’s high and low to calculate Fibonacci retracement levels, drawing precise zone boxes that act as support/resistance or trend filters. Tracks and updates the current high and low of the day/week/month in real time using floating boxes that extend through each respective session. Plots static open levels at the beginning of each day, week, or month, with optional visual fills that indicate whether price is trading above (bullish) or below (bearish). Lets you toggle on/off individual level groups or presets (e.g., 50%, key levels, power levels) to tailor what’s shown based on your trading style. 📈 Use case: This tool is designed for traders who want to anchor their intraday or swing decisions around high-probability reference levels. It can be used to: Identify trend conditions Trending above the upper green line (e.g. 78.6% or 100%) indicates strength. Ranging between green lines often signals consolidation or balance. Trending below the lower green line (e.g. 0% or 23.6%) shows bearish pressure. Use opens as bias filters Daily/Weekly/Monthly Opens act as key session pivot points. Price holding above the open = bullish structure. Price rejecting the open = potential reversal or shift. React to dynamic highs/lows Monitor where liquidity is building or being swept. Use real-time high/low tracking for breakout/reversal triggers. This is not a signal generator — it's a market context enhancer. Use it alongside your entry system to sharpen your timing, filter bad trades, and align with the bigger picture.
Indicador Pine Script®
por AMV-Trading
Previous Day OHLC# Previous Day OHLC Levels Indicator ## Overview The Previous Day OHLC indicator is a simple yet powerful tool that plots the Open, High, Low, and Close levels from previous trading sessions. This indicator helps traders identify key support and resistance levels based on historical price action, making it easier to spot potential reversal zones and breakout levels. ## Key Features ### 📊 **Previous Day OHLC Levels** - Displays the Open, High, Low, and Close prices from 1-5 days ago - Lines automatically extend to the right for easy visualization - Updates daily to show the most relevant levels ### 🎨 **Fully Customizable Styling** - **Individual Line Colors**: Choose unique colors for each OHLC level - **Line Styles**: Select from Solid, Dashed, or Dotted lines for each level - **Line Width**: Adjust thickness from 1-4 pixels for better visibility - **Price Labels**: Display actual price values on each line with customizable sizing ### ⚙️ **Flexible Settings** - **Lookback Period**: Choose to display levels from 1-5 days ago (maximum safety limit) - **Label Control**: Toggle price labels on/off and adjust their size - **Performance Optimized**: Clean code that won't slow down your charts ## How to Use 1. **Add to Chart**: Apply the indicator to any timeframe chart 2. **Customize Settings**: Adjust colors, styles, and lookback period to your preference 3. **Identify Levels**: Use the plotted lines as potential support/resistance zones 4. **Trade Setup**: Look for price reactions at these key levels for entry/exit signals ## Best Practices - **Day Trading**: Use 1-day lookback for intraday support/resistance - **Swing Trading**: Extend lookback to 2-5 days for broader context - **Multi-Timeframe**: Combine with other timeframe analysis for confirmation - **Risk Management**: Use these levels for stop-loss and take-profit placement ## Color Coding (Default) - **Open**: Blue - Starting price of the previous session - **High**: Green - Highest price reached - **Low**: Red - Lowest price reached - **Close**: Orange - Final price of the session ## Why This Indicator Works Previous day OHLC levels are among the most watched price points by professional traders. These levels often act as: - **Support/Resistance**: Price tends to react at these historical levels - **Breakout Confirmation**: Strong moves beyond these levels can signal trend continuation - **Reversal Zones**: Price often bounces from these key levels - **Psychological Levels**: Market participants remember these important price points ## Technical Specifications - **Pine Script Version**: v6 - **Overlay**: Yes (plots directly on price chart) - **Performance**: Optimized for smooth chart operation - **Compatibility**: Works on all timeframes and instruments Perfect for traders of all experience levels who want to incorporate previous day levels into their technical analysis toolkit!
Indicador Pine Script®
por IndicatorCraft
Fair Value Gap Profiles [AlgoAlpha]🟠 OVERVIEW This script draws and manages Fair Value Gap (FVG) zones by detecting unfilled gaps in price action and then augmenting them with intra-gap volume profiles from a lower timeframe. It is designed to help traders find potential areas where price may return to fill liquidity voids, and to provide extra detail about volume distribution inside each gap to assess strength and likely mitigation. The script automatically tracks each gap, updates its state over time, and can show which gaps are still unfilled or have been mitigated. 🟠 CONCEPTS A Fair Value Gap is a zone between candles where no trades occurred, often seen as an inefficiency that price later revisits. The script checks each bar to see if a bullish (low above 2-bars-ago high) or bearish (high below 2-bars-ago low) gap has formed, and measures whether the gap’s size exceeds a threshold defined by a volatility-adjusted multiplier of past gap widths (to only detect significantly large gaps). Once a qualified gap is found, it gets recorded and visualized with a box that can stretch forward in time until filled. To add more context, a mini volume profile is built from a lower timeframe’s price and volume data, showing how volume is distributed inside the gap. The lowest-volume subzone is also highlighted using a sliding window scan method to visualise the true gap (area with least trading activity) 🟠 FEATURES Visual gap boxes that appear automatically when bullish or bearish fair value gaps are detected on the chart. Color-coded zones showing bullish gaps in one color and bearish gaps in another so you can easily see which side the gap favors. Volume profile histograms plotted inside each gap using data from a lower timeframe, helping you see where volume concentrated inside the gap area. Highlight of the lowest-volume subzone within each gap so you can spot areas price may target when filling the gap. Dynamic extension of the gap boxes across the chart until price comes back and fills them, marking them as mitigated. Customizable colors and transparency settings for gap boxes, profiles, and low-volume highlights to match your chart style. Alerts that notify you when a new gap is created or when price fills an existing gap. 🟠 USAGE This indicator helps you find and track unfilled price gaps that often act as magnets for price to revisit. You can use it to spot areas where liquidity may rest and plan entries or exits around these zones. The colored gap boxes show you exactly where a fair value gap starts and ends, so you can anticipate potential pullbacks or continuations when price approaches them. The intra-gap volume profile lets you gauge whether the gap was created on strong or thin participation, which can help judge how likely it is to be filled. The highlighted lowest-volume subzone shows where price might accelerate once inside the gap. Traders often look for entries when price returns to a gap, aiming for a reaction or reversal in that area. You can also combine the mitigation alerts with your trade management to track when gaps have been closed and adjust your bias accordingly. Overall, the tool gives a clear visual reference for imbalance zones that can help structure trades around supply and demand dynamics.
Indicador Pine Script®
por AlgoAlpha
8
Pullback Pro Dow Strategy v7 (ADX Filter) ### **Strategy Description (For TradingView)** #### **Title:** Pullback Pro: Dow Theory & ADX Strategy --- #### **1. Summary** This strategy is designed to identify and trade pullbacks within an established trend, based on the core principles of Dow Theory. It uses market structure (pivot highs and lows) to determine the trend direction and an Exponential Moving Average (EMA) to pinpoint pullback entry opportunities. To enhance trade quality and avoid ranging markets, an ADX (Average Directional Index) filter is integrated to ensure that entries are only taken when the trend has sufficient momentum. --- #### **2. Core Logic: How It Works** The strategy's logic is broken down into three main steps: **Step 1: Trend Determination (Dow Theory)** * The primary trend is identified by analyzing recent pivot points. * An **Uptrend** is confirmed when the script detects a pattern of higher highs and higher lows (HH/HL). * A **Downtrend** is confirmed by a pattern of lower highs and lower lows (LH/LL). * If neither pattern is present, the strategy considers the market to be in a range and will not seek trades. **Step 2: Entry Signal (Pullback to EMA)** * Once a clear trend is established, the strategy waits for a price correction. * **Long Entry:** In a confirmed uptrend, a long position is initiated when the price pulls back and crosses *under* the specified EMA. * **Short Entry:** In a confirmed downtrend, a short position is initiated when the price rallies and crosses *over* the EMA. **Step 3: Confirmation & Risk Management** * **ADX Filter:** To ensure the trend is strong enough to trade, an entry signal is only validated if the ADX value is above a user-defined threshold (e.g., 25). This helps filter out weak signals during choppy or consolidating markets. * **Stop Loss:** The initial Stop Loss is automatically and logically placed at the last market structure point: * For long trades, it's placed at the `lastPivotLow`. * For short trades, it's placed at the `lastPivotHigh`. * **Take Profit:** Two Take Profit levels are calculated based on user-defined Risk-to-Reward (R:R) ratios. The strategy allows for partial profit-taking at the first target (TP1), moving the remainder of the position to the second target (TP2). --- #### **3. Input Settings Explained** **① Dow Theory Settings** * **Pivot Lookback Period:** Determines the sensitivity for detecting pivot highs and lows. A smaller number makes it more sensitive to recent price swings; a larger number focuses on more significant, longer-term pivots. **② Entry Logic (Pullback)** * **Pullback EMA Length:** Sets the period for the Exponential Moving Average used to identify pullback entries. **③ Risk & Exit Management** * **Take Profit 1 R:R:** Sets the Risk-to-Reward ratio for the first take-profit target. * **Take Profit 1 (%):** The percentage of the position to be closed when TP1 is hit. * **Take Profit 2 R:R:** Sets the Risk-to-Reward ratio for the final take-profit target. **④ Filters** * **Use ADX Trend Filter:** A master switch to enable or disable the ADX filter. * **ADX Length:** The lookback period for the ADX calculation. * **ADX Threshold:** The minimum ADX value required to confirm a trade signal. Trades will only be placed if the ADX is above this level. --- #### **4. Best Practices & Recommendations** * This is a trend-following system. It is designed to perform best in markets that exhibit clear, sustained trending behavior. * It may underperform in choppy, sideways, or strongly ranging markets. The ADX filter is designed to help mitigate this, but no filter is perfect. * **Crucially, you must backtest this strategy thoroughly** on your preferred financial instrument and timeframe before considering any live application. * Experiment with the `Pivot Lookback Period`, `Pullback EMA Length`, and `ADX Threshold` to optimize performance for a specific market's characteristics. --- #### **DISCLAIMER** This script is provided for educational and informational purposes only. It does not constitute financial advice. All trading involves a high level of risk, and past performance is not indicative of future results. You are solely responsible for your own trading decisions. The author assumes no liability for any financial losses you may incur from using this strategy. Always conduct your own research and due diligence.
Estratégia Pine Script®
por Salaryman_G
Contrarian Market Structure BreakMarket Structure Break application was inspired and adapted from Market Structure Oscillator indicator developed by Lux Algo. So much credit to their work. This indicator pairs nicely with the Contrarian 100 MA and can be located here: Indicator Description: Contrarian Market Structure BreakOverview The "Contrarian Market Structure Break" indicator is a versatile tool tailored for traders seeking to identify potential reversal opportunities by analyzing market structure across multiple timeframes. Built on Institutional Concepts of Structure (ICT), this indicator detects Break of Structure (BOS) and Change of Character (CHoCH) patterns across short-term, intermediate-term, and long-term swings, plotting them with customizable lines and labels. It generates contrarian buy and sell signals when price breaks key swing levels, with a unique "Blue Dot Tracker" to monitor consecutive buy signals for trend confirmation. Optimized for the daily timeframe, this indicator is adaptable to other timeframes with proper testing, making it ideal for traders of forex, stocks, or cryptocurrencies. How It Works The indicator combines three key components to provide a comprehensive view of market dynamics: Multi-Timeframe Market Structure Analysis: It identifies swing highs and lows across short-term, intermediate-term, and long-term periods, plotting BOS (continuation) and CHoCH (reversal) events with customizable line styles and labels. Contrarian Signal Generation: Buy and sell signals are triggered when the price crosses below swing lows (buy) or above swing highs (sell), indicating potential reversals in overextended markets. Blue Dot Tracker: A unique feature that counts consecutive buy signals ("blue dots") and highlights a "Hold Investment" state with a yellow background when three or more buy signals occur, suggesting a potential trend continuation. Signals are visualized as small circles below (buy) or above (sell) price bars, and a table in the bottom-right corner displays the blue dot count and recommended action (Hold or Flip Investment), enhancing decision-making clarity. Mathematical Concepts Swing Detection: The indicator identifies swing highs and lows by comparing price patterns over three bars, ensuring robust detection of pivot points. A swing high occurs when the middle bar’s high is higher than the surrounding bars, and a swing low occurs when the middle bar’s low is lower. Market Structure Logic: BOS is detected when the price breaks a prior swing high (bullish) or low (bearish) in the direction of the current trend, while CHoCH signals a potential reversal when the price breaks a swing level against the trend. These are calculated across three timeframes for a multi-dimensional perspective. Blue Dot Tracker: This feature counts consecutive buy signals and tracks the entry price. If three or more buy signals occur without a sell signal, the indicator enters a "Hold Investment" state, marked by a yellow background, until the price exceeds the entry price or a sell signal occurs. Entry and Exit Rules Buy Signal (Blue Dot Below Bar): Triggered when the closing price crosses below a swing low on either the intermediate-term or long-term timeframe, suggesting an oversold condition and potential reversal upward. Short-term signals can be enabled but are disabled by default to reduce noise. Sell Signal (White Dot Above Bar): Triggered when the closing price crosses above a swing high on either the intermediate-term or long-term timeframe, indicating an overbought condition and potential reversal downward. Blue Dot Tracker Logic: After a buy signal, the indicator increments a blue dot counter and records the entry price. If three or more consecutive buy signals occur (blueDotCount ≥ 3), the indicator enters a "Hold Investment" state, highlighted with a yellow background, suggesting a potential trend continuation. The "Hold Investment" state ends when the price exceeds the entry price or a sell signal occurs, resetting the counter. Exit Rules: Traders can exit buy positions when a sell signal appears, the price exceeds the entry price during a "Hold Investment" state, or based on additional confirmation from BOS/CHoCH patterns or other technical analysis tools. Always use proper risk management. Recommended Usage The indicator is optimized for the daily timeframe, where it effectively captures significant reversal and continuation patterns in trending or ranging markets. It can be adapted to other timeframes (e.g., 1H, 4H, 15M) with careful testing of settings, particularly enabling/disabling short-term structure analysis to suit market conditions. Backtesting is recommended to optimize performance for your chosen asset and timeframe. Customization Options Market Structure Display: Toggle short-term, intermediate-term, and long-term structures on or off, with customizable line styles (solid, dashed, dotted) and colors for bullish and bearish breaks. Labels: Enable or disable BOS/CHoCH labels for each timeframe to reduce chart clutter. Signal Visibility: Hide buy/sell signals if desired for a cleaner chart. Blue Dot Tracker: Monitor the blue dot count and action (Hold or Flip Investment) via the table display, which is fully customizable in terms of position and appearance. Why Use This Indicator? The "Contrarian Market Structure Break" indicator offers a robust framework for identifying high-probability reversal and continuation setups using ICT principles. Its multi-timeframe analysis, clear signal visualization, and innovative Blue Dot Tracker provide traders with actionable insights into market dynamics. Whether you're a swing trader or a day trader, this indicator’s flexibility and intuitive design make it a valuable addition to your trading arsenal. Note for TradingView Moderators This script complies with TradingView's House Rules by providing an educational and transparent description without performance claims or guarantees. It is designed to assist traders in technical analysis and should be used alongside proper risk management and personal research. The code is original, well-documented, and includes customizable inputs and clear visual outputs to enhance the user experience. Tips for Users: Backtest thoroughly on your chosen asset and timeframe to validate signal reliability. Combine with other indicators or price action analysis for confirmation of entries and exits. Adjust timeframe settings and enable/disable short-term structures to match market volatility and your trading style. Hope the "Contrarian Market Structure Break" indicator enhances your trading strategy and helps you navigate the markets with confidence! Happy trading!
Indicador Pine Script®
por chuckaschultz
Aggregated VolumeHow to Read the “Aggregated Volume” Signal This indicator combines normalized volume, short-term volume bursts, pivot levels, VWAP, and a 200-period EMA to give you a multi-dimensional view of trading activity. Here’s how to interpret each component and synthesize them into actionable insights. 1. Custom Volume Signal (vSignal) • Calculation • vSignal = Sum of over bars, divided by the current price. • A rising vSignal means more volume is being traded per unit of price, signaling growing interest relative to price level. • Plot styling • Bars are lime when (bullish volume days) • Bars are orange when (bearish volume days) How to read it • Trend confirmation: Increasing lime bars alongside rising price suggests buyers in control. • Warning sign: Rising orange bars on a down move indicate accelerating selling pressure. • Divergence: • Price making new highs while vSignal stalls or drops → potential top. • Price making new lows while vSignal holds → potential bottom. 2. Short-Term Volume Bursts Three semi-transparent histograms show how much the last 2, 5, and 10-bar raw volumes exceed (or fall below) the current vSignal: • Blue = vol(2) – vSignal • Green = vol(5) – vSignal • Red = vol(10) – vSignal If a colored bar sits above zero, that lookback’s volume is surging relative to the longer-term average (vSignal). How to read it • Clustered bursts: • Blue + Green + Red above zero → strong, broad-based volume surge. • Great for confirming breakouts and shakeouts. • Isolated burst: • Only Blue (> 0) on a small range bar → might be a false breakout or intrabar squeeze. • Only Red (> 0) on a wide range → institutional involvement; act with caution. 3. Pivot Volume Levels (v & t) • Every 21 bars, the script finds the highest and lowest vSignal values and plots them as shaded price levels: • Magenta area = recent vSignal high (resistance) • Cyan area = recent vSignal low (support) How to read it • Rejection/Break: • Price approaches magenta zone and stalls → sellers defending that volume high. • Break above magenta with high vSignal → likely sustained rally. • Support flip: • Cyan zone hold → buyers stepping in at heavy-volume lows. • Break below cyan with rising vSignal → bearish conviction. 4. Midline Cross (Volume Equilibrium) • A 10-bar SMA of • Drawn as a faint white cross on price How to read it • Above midline → overall volume bias is skewed bullish. • Below midline → bearish volume bias. Crossovers of vSignal through this midline can signal shifts in underlying conviction. 5. VWAP & 200-Period EMA Overlays • VWAP (transparent red if above price, green if below) • EMA(200) plotted as aqua circles How to read them • VWAP tells you the intraday “value area.” • Price above VWAP + rising vSignal = intraday buyers in charge. • Price below VWAP + rising vSignal = aggressive sellers. • EMA(200) gives you the longer-term trend. • Above EMA200 = bullish regime • Below EMA200 = bearish regime 6. Putting It All Together: Example Scenarios 1. Bullish Entry • Price > EMA200 & VWAP is green • vSignal rising in lime • All three short-term bursts above zero • Price near or breaking the magenta pivot with volume confirmation 2. Bearish Entry • Price < EMA200 & VWAP is red • vSignal rising in orange • Two-bar burst (blue) spikes on a down bar • Price failing at magenta pivot or breaking cyan support 3. Divergence Play • Price makes new high, but vSignal peaks lower than last high → look for a reversal. • Price drops to new low, but vSignal stays above its last low → prepare for a bounce. By combining these layers—normalized volume, burst indicators, pivot levels, VWAP, and EMA—you get a clear map of where volume is clustering, which lets you anticipate support/resistance, gauge real interest, and spot potential reversals or breakouts with greater confidence.
Indicador Pine Script®
por ximi-imibitty
Auto LevelsSimple auto level tracker that automatically detects and plots the high/low for the current week, day, and month, as well as the previous week/day/month. Includes a built-in dashboard that shows how close or far price is from each level, along with directional guidance (above/below). The closest level to current price is automatically highlighted for quick awareness. Everything is fully toggleable to only show the levels and info that is needed.
Indicador Pine Script®
por AresIQ
8