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RTH Levels Initial Balance Overnight 12-1 Opening types (IB)(ON)Made for ES/NQ. CME_MINI:ES1! CME_MINI:NQ1! But it will most likely work for all USA futures. Default clock settings are set according to CST. This Indicator automatically draws RTH levels, yesterday’s RTH levels, initial balance, overnight and 12-1 (lunch) levels. In additionally, at RTH open, it shows opening type. Also shows/alert works for 12-1 stat. You may need to change the clock range settings for stocks. Definitions of opening types. If price opens the day above the previous day session high, it is considered Higher Outside Range. (HOR) If price opens the day between the previous close and the previous high, it is considered Higher Inside Range. (HIR) If price opens between the previous close and previous low, it is Lower Inside Range. (LIR) If price opens below previous day session low, it is Lower Outside Range. (LOR) Acronyms: RTH : Regular Trading Hours ON : Overnight IBH : Initial Balance High IBL : Initial Balance Low IBMid: Initial Balance Mid ONH : Overnight High ONL : Overnight Low ONMid : Overnight Session Midpoint Price yRthO : Yesterday's rth open yRthH : Yesterday's rth high yRthL : Yesterday's rth low yRthC : Yesterday's rth close yRthMid : Yesterday's rth mid 12-1 : Lunch time for Chicago (12pm to 1pm) (CST) rthmid (for rth session) : (high + low) / 2
Indicador Pine Script®
por DocRR
7
Liquidity sweep (Redcrabice)This script was created by Redcrabicefx this indicator was created to indicate price has broken a certain level of HIGH/LOW, this was created to assist me in identifying the Liquidity sweep of internal and external liquidity for entry confirmation. Green label = sweep 5-10 previous High/Low Blue label = sweep 15 - 20 previous High/Low Purple label = sweep 50 previous High/Low Orange label = sweep 100-200 Previous High/Low Red/Black label = sweep +500 Previous High/Low if price has only sweep 75 candles, it will only show purple label (50) since it has not reached Orange level (100) yet you can also choose your color of choice for the LQ sweep lines in the setting.
Indicador Pine Script®
por redcrabicefx
58
SFC Smart Money Manipulation - Liquidity, StructureThis indicator shows very important information about the market. Features: - Market structure - Important Ranges - Liquidity - Trading session - Daily Checklist Market structure Market structure is the behaviour, condition, and current flow of the market. It highlights support and resistance levels, swing highs, and swing lows. A trend is simply a consistent direction of price movement over time. Market structure can tell you if the market is trending or not. Market structure is a lagging indicator, because Highs and Lows must to be created in order to define the structure properly. The structure provide the most important information about the market. Market structure can provide early signals about the trend. - If the structure continues to break in the same direction, it means that the trend is healthy and will continue (BoS). - If the structure break in the opposite direction, means that the trend may reverse or pause for a while (CHoCH). Important ranges - Asia Range - it is important intraday range and can provide early information if the day will be bullish or bearish. - Most recent High/Low - determine the last swing - Premium/ Discount zone with Fibonacci levels - the institutions always want to buy in discount and sell in premium. Liquidity Areas where a lot of traders get into the market and theirs stop losses are obvious. So the banks will manipulate the price to clear these stop losses, before price go in real direction. The banks will always hunt the liquidity. The major liquidity is: - Doji candle - displayed - Double/Triple Highs or Lows - displayed - Fair value gaps - displayed - Imbalances - displayed - Trend lines - Big wicks Trading Sessions Price and Time theory is very significant in Smart Money Concept. The banks do not just place orders chaotically. They place it in specific time. The indicator shows the Asia, London and New York intraday sessions and the kill zones. Kill Zone - most manipulated time in the day, where institutions try to wipe out the retail traders and establish the true move. Daily Checklist Simple, but very useful checklist. It shows the most important daily steps in order qualitative analysis to be created. How to use 1) Use the swing highs and lows and check the current structure. 2) Look where is the major liquidity. By default orange colour. When liquidity is retested from the price ,it change the colour from orange to gray. Retested liquidity is no more significant for the banks. 3) Use the important ranges to define the pullbacks or reversals or trading ranges. 4) Use the trading sessions and kill zones to place orders in the right time. 5) Use the "daily checklist" every day - step by step. It helps trader to analyse the current market. Settings -Show pivots, Pivot confirmation candles, Equal Highs/Lows sensitivity -Show structures breaks -Show most recent high/low -Show Asia range -Show premium/discount zone with Fibonacci levels -Show liquidity, Colour of liquidity, Color of retested liquidity, Doji settings -Show Trading sessions -Show daily checklist
Indicador Pine Script®
por SerpentForexClub
14
Strongholds - Objective & Accurate Reference Points / StructuresVery early in my trading career, I came across Pivot Points only to find out that there are as many calculations as one pleases. It was hard to find out which ones work. Most of them probably did only out of randomness, so I ditched the strategy and looked for something else. I previously used my Oracle Eye and Reference Points scripts but it is time for an upgrade. Stronghold is a script I have used for quite some time now. I ditched daily and weekly closing prices as not that important. Instead, Strongholds are equipped with: ►Daily High & Low • Azure color ►Weekly High & Low • Dark blue ►Weekly old High & Low • Semi-transparent dark circles ►Monthly High & Low • Wizardly purple There is an option to print: ►4h High & Low • Semi-transparent red ►VWAP • Lovely purple ►Weekly VWAP • Black All of the levels and lines are set for 1m, 5m, 10m, 15m, 30m, 1h, 4h, 1D timeframes. If you use any alien timeframe, you may need to enter the code. You can opt-in and out for certain timeframes. For example, daily levels are visible from 15m or 30, so the indicator won't draw them unless you want to. However, they will not be seen on higher timeframes as there is no reason to show them and oversaturate the chart with lines. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Remember that if you use this script with auto-scale, you need to tick Scale Price Chart Only . Otherwise, your chart will fly to the moon! Good luck & have fun!
Indicador Pine Script®
por OrcChieftain
8
Symbols at Highs & LowsFor the chosen symbols (Defaults to XLV, XLF, IWM, QQQ), this displays a table that indicates (by color) if each symbol is at the high or low of day. When used with the main indexes, If all symbols are at highs or lows together, this can be a great indicator that a trend day is occurring in the market. You can customize the indicator to use up to 8 symbols of your choice. You can also customize the appearance so that it only displays an "All symbols are at the Lows/Highs" message. Finally, you can customize the % threshold to use when measuring how close to the high/low of day price needs to be in order to be considered "at high/low of day".
Indicador Pine Script®
por jmosullivan
6
MTFT Last HML wOpen, TheStrat Suite (3of5)Multi Time Frame Tools Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier. All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized. Longer TF analysis. Yearly - Black Semi-Annual - Yellow Quarterly - White Monthly - Maroon Weekly - Royal Blue Daily - Lime Shorter TF analysis. 4 hour - Fuchsia 1 hour - Orange 30 min - Red 15 min - Brown 10 min - Purple 5 min - Lilac All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu. Recommended Chart Color Layout I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors. -> Click on the settings wheel on your chart. -> Click on “Appearance”. Background - Solid -> On the top row pick the 6th color from the left. Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left. You may of course change these and the indicator line colors as you like. Adding indicator to Chart -> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart. MTFT TheStrat Suite (5 Scripts) Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master. 1. MTFT Patterns Pro/Noob 2. MTFT Full Time Frame Continuity Table *3. MTFT Last HML wOpen 4. MTFT Actionable Signal Targets 5. MTFT Reversal Lines MTFT Last HML wOpen, TheStrat Suite (3of5) Plots previous High, Mean(50% line), and Low of the previous candlestick and the open for the active TF. This allows you to see how TheStrat Absolute Truths move within the different timeframes. In the image below you see the monthly TF selected. Price on the monthly candlestick has created several reversals up and down. Now Utilizing this tool, you get to see how priced moved on the daily TF with the previous monthly HML lines plotted(Maroon lines) over the active month so you can see exactly how the absolute truths occur inside each month. Notice the previous High/Low are a thicker width then the Mean, this outlines more clearly which of the lines you are looking at. I’ve included some comments on basic observations. Now for contrast, below I show you the daily TF selected with the previous quarter HML lines plotted(White lines) over the active quarter. Script Features includes: 1. Three Timeframes per script instance. Example below shows 3 timeframes in use, Yearly(Black Lines), Quarterly( White Lines), and Monthly (Maroon Lines) on the weekly timeframe candlestick. This is where using a timeframe-based color scheme per individual timeframe will come in very handy. The open of the active timeframe is displayed using the small circles that make a line. The displayed open feature is another way to track full time frame continuity if you are tracking the open of several timeframes. The open of the active timeframe is displayed using the small circles that make a line. 2. 20 different TF to pick from per slot. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), 2-Week(2W), Weekly(W), 3-Day(3D), Daily(D), 12 hour, 8 hour, 6 hour, 4 hour, 3 hour, 2 hour, 1 hour, 30 min, 15 min, 10 min, 5 min. Notice: 2W, 3D, 2D, 12h, 8h, 6h, 3h, and 2h don’t have a supported color scheme as I do not personally use them. They are available to pick from in the timeframe selection and you can set a color for these timeframes under the “Unsupported Color Scheme” section in the settings menu for the script if you would like to use them. 3. Enable/Disable High, Mean, Low or Open on any of the timeframe slots. Custom selection of plots will create clarity in observing timeframe-based analysis. Example below shows the Yearly Open enabled on a Monthly timeframe candlestick selected, along with the 6-month HML lines(This is similar to the quarter, the semi-annual)it shows how the start of the year gave a clear direction several times in the past few years for BTC/USD. A similar analysis can be done across multiple settings. TheStrat Actionable Signals paired with ideas like these can be great setups. 4. Auto-hide timeframes based on specific timeframes selected. For this script, I look for HML lines to have at least 4 total candlesticks within the selected TF. I disable any setting that has 3 or less candlesticks. This applies to all timeframes. This will allow for you to leave several instances of the script in your chart and zoom in and out to see macro/micro levels of a chart. The example below has 2 different instances of the script enabled, first instance (Y, Q, M), and second instance (W, D, 4h). with the Month candlestick selected. Notice how only the Year HML plots are displayed. All other lower timeframes are hidden, this will allow for an easy transition into a lower timeframe analysis. Same example as above, but now with the Weekly timeframe candlestick selected. Notice that without changing any settings on the scripts the Quarterly (White) and Monthly (Maroon) are now visible. One more time, this time with the 30m candlestick timeframe selected. Notice that without changing any settings on the scripts the Day(Green) and the 4 hour(Pink) plots appear. 5. Custom Width Selection in script settings per plot type, High, Mean, Low and Open. IMPORTANT NOTE for TradingView Admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection. Example using TheStrat Pro MTFT with this indicator. Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator. The Image below shows what this would look like with this indicator. The selected timeframe is the Daily, it shows an ‘H’ char below which is an indication of a Hammer Actionable signal and the low from last week is in range showing some potential support. This actionable signal is meant to be played for LONGS. If the high is breached than you would enter a LONG position. For targets you would look at the previous pivots, for this example all targets were hit. This won’t always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
Indicador Pine Script®
por Multi_TF_Tools
NSDT MA High-LowThis may seem like a pretty basic Moving Average indicator but I haven't seen one that changes the calculation point depending if the market is going up or down. I've added three EMA's (length of 20) on this sample chart to demonstrate the differences. These are not included with the indicator. Green, EMA calculated on High Red, EMA calculated on Low Yellow, EMA calculated on Close (default) Blue, EMA calculated on HIGH when rising but on LOW when falling. (looks at 3 candles back to gauge direction) * * * Note you can choose between 5 different Moving Average types Notice how the Blue line (when going up it's calculated on the High) is catching up to the Green line (which is already calculated on the High)? Notice how the Blue line (when going down so it's calculated on the Low) is catching up to the Red line (which is already calculated on the Low)? This gives a faster response in the direction of the market because it switches between calculating on the High or Low based on market direction. This script is free and open source.
Indicador Pine Script®
por NorthStarDayTrading
2
ArtiumPro Main Market StructureThis indicator maps out Market Structure using real time price action rather than simply pulling "pivot" points. Use to see at a glance where a BOS or CHoCH has occurred and where the current and historic highs and lows are. - M-BOS happens when a main break of structure occurs (trend continuation) the continuation of a bullish or bearish trend. User setting change line style, color and transparency & turn off text, change text color and transparency - M-CHoCH happens when a Change of Character occurs (trend change) this is the 1st sign of a possible change of the trend direction from bullish to bearish or bearish to bullish User setting change line style, color and transparency & turn off text, change text color and transparency - M-swh & M-swl are the current active unmitigated highs and lows - User setting for M-swh & M-swl allows you to chose the amount of active highs / lows you want to see on the chart. this can be used at a glace to see where potential liquidity may be laying. If you only want to see the last most current high an low you can turn on the "just last active" option box. - User settings to turn on or off the old mitigated highs lows making it easy to see at a glance when old highs and lows have been broken or swept. The label for this is also customizable to user preference.
Indicador Pine Script®
por ArtiumProTrading
4
PrasiGanFanFibntroduction This is a combination of Fibonacci and Gann fan /retracements. The script can automatically draw as many: Fibonacci Retracements Fibonacci Fan Gann Retracements Gann Fan as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/ Gann . Basics What are Fibonacci retracements? Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence. Each level is associated with a percentage which is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. What are Gann retracements? A developer of technical analysis and trading was W.D. Gann . Gann theory expects a normal retracement of 50 percent. This means that under normal selling pressure, the stock price will decline half the amount of its most recent rise, and vice versa. It also suggests that retracements occur at the halfway point of a move, such as 25 percent (half of 50 percent), 12.5 percent (half of 25 percent), and so on. What is Fibonacci fan? Fibonacci fan is a set of sequential trend lines drawn from a trough or peak through a set of points dictated by Fibonacci retracements. The first step to create it is to draw a trend line covering the local lowest and highest prices of a security. To reach retracement levels, the trader divides the difference in price at the low and high end by ratios determined by the Fibonacci series. The lines formed by connecting the starting point for the base trend line and each retracement level create the Fibonacci fan. What is Gann fan? A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. Gann believed the 45-degree angle to be most important, but the Gann fan also draws angles at degrees like 75, 63.75, 26.25 and 15. The Gann fan originates at a low or high point. The resulting lines show areas of potential future support and resistance . The 45-degree line is known as the 1:1 line because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time. All other lines in the Gann fan are drawn above and below the 1:1 line. The other angles are associated with 2:1, 3:1, 4:1, 8:1 and 1:8, 1:4, 1:3, and 1:2 time-to-price moves. Challenges The most of the time I dedicated to writing this script has been spent on handling these problems: 1. Finding Local Highest/Lowest Prices In order to draw Fibonacci and Gann fan /retracements, it's necessary to find local highest and lowest price points (Extrema) on the chart. As this could be so challenging, most traders and coders draw the lines covering the low and high prices over a given period of time or a limited number of bars back instead. I already wrote an indicator using this approach (Auto Fibonacci Combo). In this new script I tried to find the exact highest and lowest prices based on this idea that: if a high point is formed lower than previous high which was after a lowest point, then that previous one was the local highest point, and vice versa if a low point is formed higher than previous low which was after a highest point, then that previous one was the local lowest point. So logically an extremum price on the chart won't be found until the next high/low point is formed. 2. Finding Proper Chart Scale for Gann Fan Based on the theory, Gann angles are sensitive to the chart price scale and in order to have the right angles, the chart must be made with the proper scale. J.A. Hyerczyk in his book "Pattern, Price & Time - Using Gann Theory in Technical Analysis" suggests that the easiest way to determine the scale of a market is by taking the difference between top-to-top and bottom-to-bottom and dividing it by the time it took the market to move from top to top and bottom to bottom. Thus on a properly constructed chart, the basic equation for calculating Gann angles is: Price * Time. 3. Drawing Fans and Relocating Fan Labels at Each New Bar in Pine (A Programming-Related Subject) To do this, I used linear equations and line slopes. Of course it was so complicated and exhausting, but finally I overcame that thanks to my genius cousin. Settings and Usage By default, the script shows detected extremum points plus 1 Fibonacci fan, 1 Gann fan , 1 set of Fibonacci retracements and no Gann retracements on the chart. All of these could be changed in the indicator settings beside the color and transparency of each line. Feel free to use this and send me your thoughts!
Indicador Pine Script®
por Prasi456
4
ArtiumPro Smart Money ConceptsSmart money concepts refer to the use of institutional trading strategies which align with the perspectives of Smart Money in the market. i.e. the composite man. Market Structure is the foundation of price action trading, understanding price action is fundamental to SMC. ArtiumPro SMC 2.1 is an SMC (Smart Money Concepts) indicator full of features to aid SMC traders. Our aim is to save you time with automatic chart mark-up and help you spot areas of interest you may miss with the naked eye. Fvg (Fair Value Gap) - is also known as an imbalance. An FVG is an imbalance of orders, for instance, for sellers to complete their trades, there must be buyers and vice versa so when a market receives too many of one kind of order buys or sells, and not enough of the order's counterpart. When the amount is not balanced and too many orders are put in for one direction, it creates an imbalance. Multi timeframe FVG - this will show the same as above but on the higher timeframe you choose. It’ll show as 2 lines that show the higher timeframe fvg with a filled box that mitigates on entry. Order Blocks - These are supply and demand zones, displayed typically as the last down/up candle before a move in the opposite direction. Great POI’s for entry and take profits. Outside candle - this is a candle that sweeps the highs and lows of the previous candle, best used for the 1 hour or above these can indicate a change of price direction. Previous day high & low Not only does it show your previous day's low and high but it also shows your opening and close of the day. You have settings where you can turn off the open and close and just have daily highs and lows. It’s your choice within your settings. Market Structure - We have packed this feature with options that are customizable for you, Break of Structure (BOS) indicates a trend continuation. Change of Character (CHoCH) indicates the first sign of a possible trend change. Equal Highs/lows - this will mark your double/triple tops and bottoms. Retracement - set this to your preferred retracement amount to customize your market structure to what you qualify as a valid pullback. Elliott Wave ZigZag Many people ask for the Elliott Waves. Well, here it is, inside this SMC. Just like your pivot highs and lows, the Elliott Wave is showing in real-time so you can see where your previous highs and lows are with the Elliott Wave break of structures that you can use in conjunction with the Smart Money Concepts Indicator of ArtiumPro. Fib levels - for Premium & Discount areas - in this Instance the fib is used to determine if the price has pulled back into a premium or discount zone for optimal trade entry. Trading Sessions One of the most advanced trading session indicators out there and it’s included inside the most advanced SMC indicator on the market today. It has open breakout and settings to filter the opening range along with your pip daily range. You can select what timezone you are in and it automatically adjusts on the chart. Cool right? Hope you enjoy it, happy trading!
Indicador Pine Script®
por ArtiumProTrading
14
CCI Swing and resistance [zavaUnni] The candles you see on this indicator is the value open price, closing price, high, and low is converted to a selected index value. Select from selectable settings: rsi , cci , mfi , or stochstic The default indicator is set to cci . O_ = ta. cci (open,i_length) H_ = ta. cci (high,i_length) L_ = ta. cci (low,i_length) C_ = ta. cci (close,i_length) Like the close, open, high, low price, the MA value is converted to the selected index and displayed as a yellow line short_A = ta. sma (close, short_lenA) short = ta. cci (short_A,i_length2) The MA length can be converted from the set value and is defaulted to 5 days. If C_ is above short, it looks like a teal color, and if C_ is below, it looks like a red color. -High and low - When the selected index reaches the oversold value, it finds a high value, and when it reaches the oversold value, it finds a low value. Oversold and overbought values can be changed in the setting, and the default setting is 100 and -100. The default setting is recommended unless otherwise noted. The method of finding the low value is to find the lowest value (var) when the index crosses from 100 to reach -100, until it rises to 100. The same is true of finding high values. It was marked with a teal color when going from oversold to oversold, and red color when going down from oversold to oversold. -os, ob and resistances- The bar at the top and bottom of the index shows resistance, over-buying, and over-selling values Over-buying and over-selling values are hidden, so you can change them to be seen if necessary. 1. The volume is large, but if the change rate of candlestic(spred_rate) is not large, resistance has occurred. 2. If thespred_rate is excessively large compared to the volume , oversold or oversold occurs. Based on the above two basic theories, we created the following formula to derive the strength of the resistance. Resistance Index = spred_rate / volume We find the average value of the resistance Index, If the spred_rate is higher than the predicted value, it is oversold or oversold. If the spred_rate value is lower than the predicted value, the resistance was derived as the issuance signal. The larger the deviation from the predicted value, the higher the saturation. The presence of bright red can be seen as a result of greater resistance. The same goes for over-buying and over-selling prices The brighter the gray, the more spread without trading volume , and it can be judged that it is not a true bull or a true bear.
Indicador Pine Script®
por zavaUnni
MTF previous high and low quarter levelsDescription An experimental script that prints quarter levels of the previous timeframe's high and low to the current timeframe. The idea is quite simple and is basically the Fibonacci pivoted on the previous high and low with quarter level settings (0,0.25,0.5,0.75,1 etc). The default setting is the previous daily high and low but can be customized on user discretion. New quarter levels are printed after the close of the previous timeframe and open of the new timeframe (user's timeframe setting) How To Use Levels should not be used blindly. Levels can be used as confluence when aligned with high probability supply and demand zones, support, resistance, order blocks, and so on. Credit to @HeWhoMustNotBeNamed for the Previous High/Low MTF indicator code and @mrbirman for the idea to put this together.
Indicador Pine Script®
por geneclash
1
ProConcepts (v-1.0.2)ProConcepts is a smart moeny concepts indicator that has several primary functions and features. BOS Feature: BOS stands for break of structure and this is used to determine market structure support and resistance breakouts. The blue and red lines plot the pivot highs and lows on every time frame. When a trend is in a single direction and BOS appears, that is a strong sign that market structure is broken and the trend will continue. CHOCH Feature: Similar to BOS the change of character feature is also a smart money concept where in a trend, CHOCH essentially is used to help determine a change of that trend with a low being violated in an uptrend or a high being violated in a downtrend. CHOCH is what determines the high lows of the trend. Shaded Candle Feature: The candles are shaded either red or blue based on the trend. the CHOCH as discussed previously determines the trend and shades the candles blue and red according to the highs and lows. Sessions Shading Feature: The background shading with lower opacity indicates a sessions feature that seperates the main trading sessions of the day, London, Asia, and New York. They are color coordinated and can be changed to fit your needs as a trader. FVG Feature: FVG stands for fair value gap which is an area on the chart where there is a single directional movement either bullish for the blue FVG and bearish for the red FVG. These fvgs are strong areas of interest for rejections of price because they are agressive movements similar to an imbalance. The FVG should be used as a retest confirmation of a trend during a breakout of the BOS or a CHOCH. High Low Feature: Disabled on the default chart is a a high low feature that marks all of the high lows of a trend so you can identify areas of support and resistance.
Indicador Pine Script®
por MyFundedFX
30
VocsOng Intraday Support ResistanceOverview This indicator is meant for intraday trading, mainly designed for SPX . The main purpose of this indicator is to mark out the key levels of support and resistance for intraday. There are 9 main support and resistance that forms this intraday support resistance indicator. 1. Today's Open Today's open is often a neglected area because by default change percentage is always based on yesterday close. So having a line drawn for today's open is the very starting point. 2. Yesterday Close 3. Yesterday High 4. Yesterday Low Yesterday Close, High, Low are important intraday trading areas, it is very common that price action resist at this area. 5. Past 4 Days Calculated Estimated High (YesterdayClose + (EstimatedRange/2) :: EstimatedRange = Nearest day x0.4, followed by 0.3, 0.2, 0.1) 6. Past 4 Days Calculated Estimated Low (YesterdayClose - (EstimatedRange/2) :: EstimatedRange = Nearest day x0.4, followed by 0.3, 0.2, 0.1) This is a calculated estimated high/low range based on past 4 days range. Weighing the nearest day heaviest of 40%, followed by 30%, 20%, 10%. This calculated high/low area apparently also act as good support and resistance area sometimes. 7. Expected Move High (YesterdayClose + VIX/100 * SquareRoot(1/365)) 8. Expected Move Low (YesterdayClose - VIX/100 * SquareRoot(1/365)) This is the formula used to calculate expected move LIVE based on current VIX. This is based from today's open. 9. 1.5% to 2% from SPX Open today This marks out a zone where SPX is 1.5% to 2% away from today's open. This gives a general guide on a fix percentage change based on today's open. Statistically, SPX close within 1.5% change from today's open 93.18% of the time in the past 10 years. How I use them? First to note, this indicator works best on 1 minute chart. Other timeframe might not be that accurate. All these are intraday support and resistance. They can be simply use as support and resistance by default. In addition to that, 7,8,9 are also used as overbought/oversold indicator because they are centered to today's open. As SPX move towards 7,8,9, it shows how overbought or oversold it is. I use this indicator with SPX 0 dte options trading. So as SPX approaches the oversold area, and near any of the support, I will sell a 30 wide put credit spread at 5 delta away or $1 target credit. This trade entry goes together with a bracket take profit (80%) and stop loss (200%) OCO order.
Indicador Pine Script®
por VocsOng
4
Volume Adaptive Chikou Scalping StudyIDEA PLACEMENT This indicator uses “Chikou” cross concept of Ichimoku cloud indicator and enhances usage of High/Low data with Volume Breakout and Volatility based dynamic adaption. I’ve been working on making Moving Averages more adaptive based on Volume Breakout and Volatility but as we know Mas work better on close values. I wanted to create a study that may have maximum data available and that’s how I came up with the concept of making adaptive Ichimoku Cloud. Except, I used different concept than Ichimoku. As we know that Tenkan-sen and Kijun-sen from Ichimoku Cloud average out highest and lowest values within 26 and 9 period respectively but I tried making it Volume Breakout and Volatility based Adaptive but couldn’t get better results. Along the way I came up with an idea of instead of averaging out just keeping the High/Low values data separate and intact and to do so I took Linear regression of High values of Volume Breakout and Volatility based Adaptive dynamic period and similarly with Low values. Then the strategy was to use Chikou for crossover and crossunder indication and for this purpose I used Chikou with same dynamic length as used before in High/Low linear regression. The idea becomes simple as when Adaptive Dynamic Chikou crosses Adaptive Dynamic Linear Regression of High/Low values then Lowest / Highest value within current Adaptive Dynamic Length becomes the next Support / Resistance. SIGNALS Not every Chikou cross would give signal instead signal should be supported by either Volume Breakout or Volatility whatever you have selected from. FIBONACCI EVELOPE BANDS I’ve included ATR based Fibonacci multiple bands which would act as good support/resistance zones. DEFAULT SETTINGS I’ve set default Minimum length to 20 and Maximum length to 50 which I’ve found works best for almost all timeframes but you can change this delta to adpat your timeframe accordingly with more precision. Dynamic length adoption is enabled based on both Volume and Volatility but only one or none of them can also be selected. Trend signals verification is enabled based on Volume but Volatility can also be enabled for more precise confirmations. In “RVSI” settings TFS Volume Oscillator is set to default but others work good too especially Volume Zone Oscillator. For more details about Volume Breakout you can check “MZ RVSI Indicator” ATR breakout is set to be true if period 14 exceeds period 46 but can be changed if more adaption with volatility is required. FURTHER ENHANCEMENTS I’ve used Linear Regression of High/Low values because I found better results with it but SMA and HMA can also be used. I’m planning to perpetually use this study for Dynamically length adaption and trades confirmations in other strategies.
Indicador Pine Script®
por MightyZinger
3
Jeges JigsThis is a combination of all my old indicators, with an added feature for trend lines (inspiration for this came from Wedge Maker script thanks to veryfid, I hope he doesn't mind). This script looks for a period with increased volatility , as measured by ATR ( Average True Range ), then it looks for a high or a low in that area. When price is above EMA (400 is default, can be changed), it looks for the highs and adds multiples of ATR to the high. Default values for multipliers are 3,9 and 27, meaning that the script will show 3xATR level above the high, 9xATR above the high and 27xATR above the high. When price is below EMA it looks for the lows and subtracts multiples of ATR from the low.The script will show 3xATR level below the low, 9xATR below the low and 27xATR below the low. Multipliers values can be changed as well, making it a versatile tool that shows potential levels of suppport/resistance based on the volatility . Possible use cases: Breakout trading, when price crosses a certain level, it may show potential profit targets for trades opened at a breakout. Stoploss helper. Many traders use ATR for their stoplosses, 1 ATR below the swing low for long trades and 1 ATR above the swing high for short trades are common values used by many traders. In this case, the Lookback value comes handy, if we want to look maybe at a more recent value for swing high/low point. It highlights ATR peaks, it also displays Bollinger bands of SMA400 (or Ema), breakouts for upper/lower bands. Another thing you get is Parabolic SAR and Zigzag based on SAR.
Indicador Pine Script®
por Troptrap
8
Auto Fibonacci and Gann Fan/Retracements ComboIntroduction This is a combination of Fibonacci and Gann fan/retracements. The script can automatically draw as many: Fibonacci Retracements Fibonacci Fan Gann Retracements Gann Fan as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/Gann. Basics What are Fibonacci retracements? Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence. Each level is associated with a percentage which is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. What are Gann retracements? A developer of technical analysis and trading was W.D. Gann. Gann theory expects a normal retracement of 50 percent. This means that under normal selling pressure, the stock price will decline half the amount of its most recent rise, and vice versa. It also suggests that retracements occur at the halfway point of a move, such as 25 percent (half of 50 percent), 12.5 percent (half of 25 percent), and so on. What is Fibonacci fan? Fibonacci fan is a set of sequential trend lines drawn from a trough or peak through a set of points dictated by Fibonacci retracements. The first step to create it is to draw a trend line covering the local lowest and highest prices of a security. To reach retracement levels, the trader divides the difference in price at the low and high end by ratios determined by the Fibonacci series. The lines formed by connecting the starting point for the base trend line and each retracement level create the Fibonacci fan. What is Gann fan? A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. Gann believed the 45-degree angle to be most important, but the Gann fan also draws angles at degrees like 75, 63.75, 26.25 and 15. The Gann fan originates at a low or high point. The resulting lines show areas of potential future support and resistance. The 45-degree line is known as the 1:1 line because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time. All other lines in the Gann fan are drawn above and below the 1:1 line. The other angles are associated with 2:1, 3:1, 4:1, 8:1 and 1:8, 1:4, 1:3, and 1:2 time-to-price moves. Challenges The most of the time I dedicated to writing this script has been spent on handling these problems: 1. Finding Local Highest/Lowest Prices In order to draw Fibonacci and Gann fan/retracements, it's necessary to find local highest and lowest price points (Extrema) on the chart. As this could be so challenging, most traders and coders draw the lines covering the low and high prices over a given period of time or a limited number of bars back instead. I already wrote an indicator using this approach ( Auto Fibonacci Combo ). In this new script I tried to find the exact highest and lowest prices based on this idea that: if a high point is formed lower than previous high which was after a lowest point, then that previous one was the local highest point, and vice versa if a low point is formed higher than previous low which was after a highest point, then that previous one was the local lowest point. So logically an extremum price on the chart won't be found until the next high/low point is formed. 2. Finding Proper Chart Scale for Gann Fan Based on the theory, Gann angles are sensitive to the chart price scale and in order to have the right angles, the chart must be made with the proper scale. J.A. Hyerczyk in his book "Pattern, Price & Time - Using Gann Theory in Technical Analysis" suggests that the easiest way to determine the scale of a market is by taking the difference between top-to-top and bottom-to-bottom and dividing it by the time it took the market to move from top to top and bottom to bottom. Thus on a properly constructed chart, the basic equation for calculating Gann angles is: Price * Time. 3. Drawing Fans and Relocating Fan Labels at Each New Bar in Pine (A Programming-Related Subject) To do this, I used linear equations and line slopes. Of course it was so complicated and exhausting, but finally I overcame that thanks to my genius cousin. Settings and Usage By default, the script shows detected extremum points plus 1 Fibonacci fan, 1 Gann fan, 1 set of Fibonacci retracements and no Gann retracements on the chart. All of these could be changed in the indicator settings beside the color and transparency of each line. Feel free to use this and send me your thoughts!
Indicador Pine Script®
por informanerd
84
Quantum Basic Radar PanelOverview One of the biggest issues trading any market is in keeping track of trading opportunities as they arise across all the various timeframes without having multiple monitors or charts open and this is where the Radar Panel steps in. Using TradingView’s Table function, we have incorporated a host of our leading indicators on the panel which can be applied to any timeframe and from which you can instantly spot opportunities as they arise whether in terms of trend, reversals, volatility, or volume. In addition, when using a scanner such as this, it also highlights broad sentiment if, for example, you have added currency pairs from the same matrix or a group of stocks from the same sector. And you can of course have multiples open across the various timeframes. The Quantum Radar Panel is a powerful indicator that keeps track of indicator signals of up to 10 different symbols in real time. For each symbol, it can display the current signals of 4 Quantum Trading indicators namely: Quantum Tick Volumes Quantum Dynamic Price Pivots Quantum Dynamic Volatility Quantum Live Camarilla Levels It can also display the current Open, High, Low, and Close prices of each symbol. Each indicator has 1 or more columns allotted to them to display information about their respective signals. Below we will discuss what each indicator does and how it displays its signals in the Radar Panel. Tick Volumes Volume is a powerful leading indicator, yet few traders ever take advantage of its awesome power. Why? Because identifying volume trends using the standard indicator can be confusing, and judging volume height even more so! The Quantum Tick Volumes indicator takes a simple tool and makes it come to life! First, it paints the volume bar to match the candle. This makes it quick and easy to identify buying and selling volume with the associated price action. Second, the Quantum Tick Volume indicator displays a dynamic mid-point, instantly telling you whether volumes are high, average or low in the session. No more guesswork! Volume analysis made simple – making it easy to spot profitable trading opportunities – fast! In the Radar Panel, the Tick Volumes indicator displays 2 columns -Volume and Midpoint. Columns Volume – this column displays the current volume of the symbol and changes colors according to the sentiment of the current candle. Midpoint – this column displays half of the highest volume bar within the current day and it is visible in intraday timeframes only Dynamic Price Pivots The Quantum Dynamic Price Pivots indicator could best be described as the Swiss army knife of trading. Power, simplicity and functionality all in one tool. Many traders struggle to identify reversal points based on price action alone. Why? Because you need to have a complete understanding of candlesticks, candles and candle patterns. The dynamic pivot appears once a three-candle price pattern is created. This is one of the first signs of a possible change in sentiment, based on the price action alone. A pivot high in an uptrend, and pivot low in a down trend. So, whether you are trading long or short, the Quantum Dynamic Price Pivots indicator will instantly give you a visual signal to – pay attention! Powerful, yet so simple, and two indicators in one! In the Radar Panel, the Dynamic Price Pivots indicator displays the last signal (isolated high or isolated low) and the number of bars since it was last seen. Column Last Signal – this column displays the last pivot arrow that appeared in the chart in the form of an upward (isolated low) or downward (isolated high) arrow and the number of bars since it was detected. The cell turns yellow when the arrow is seen in the last 3 bars or less. Dynamic Volatility Volatility can be both good and bad. Great for making money fast. Not so good when you’re on the losing side! But how do you know when a market is volatile. Is the price action you are seeing normal for that currency pair? And more importantly, what is normal? The Quantum Dynamic Volatility indicator is designed with one objective in mind. To show you, dynamically volatile price action. You then decide, based on the price action, whether to wait, or take advantage. One of the hardest things to learn in trading, is when to stay out. The Quantum Dynamic Volatility indicator makes this child’s play – keep you safe. It could almost be called your safety belt! In the Radar Panel, the Dynamic Volatility indicator displays the number of bars since a volatile candle was last seen. Column Last Signal – this column displays the number of bars since a volatile candle was detected. The cell turns magenta when the signal is seen in the last 3 bars or less. Live Camarilla Levels What is the Camarilla protocol, how does it work and what will it do for me? Put simply it is a chameleon of an indicator and will appeal whether you are a more discretionary type of trader, making and taking decisions yourself, or if you prefer a more systematic or mechanical approach often associated with an EA for example. With the Camarilla levels indicator both approaches can be embraced and accommodated. The Camarilla protocol has its roots in the open outcry trading pits, where traders considered floor pivots an essential tool. Based on these original ideas and incorporating the Camarilla equation we have developed a unique indicator which delivers clear and precise price-based support and resistance levels, which act as targets for profits, triggers for potential reversals, signals for possible breakouts, and finally stop loss placement. So, if you’re a swing or reversal trader, it’s the perfect indicator. Equally if you prefer breakout trading, again it’s the perfect indicator. And all with predetermined and clear levels for any price objectives and profit targets, with stop loss placement covered also. In other words, a complete indicator, and one which is delivered with potential trading setups built in to help you see when key levels are being approached or breached. And to help you further when using the indicator, we have also included some simple messages to guide you as the various levels are approached and tested. In the Radar Panel, the Live Camarilla Levels indicator displays the 12 Camarilla levels in descending order, R6 to R1 and S1 to S6, as well as the Analysis based on where the current price is situated among the 12 levels. Columns Analysis – this column displays messages that can guide you as the various levels are approached and tested. R6 – R1, S1 – S6 (12 columns) – these columns display the 12 Camarilla levels calculated for the current timeframe and each one changes colors depending on the current price OHLC Prices Apart from the 4 Quantum indicators, the Radar Panel also displays the current OHLC prices of each symbol. Open High Low Close Their color changes depending on the current price action. With the portability of the TradingView platform, having the Radar Panel in your set of tools truly puts all the power of 4 Quantum indicators right at your fingertips. Get yours now.
Indicador Pine Script®
por QuantumTradingSoftware
Quantum Radar PanelOverview One of the biggest issues trading any market is in keeping track of trading opportunities as they arise across all the various timeframes without having multiple monitors or charts open and this is where the Radar Panel steps in. Using TradingView’s Table function, we have incorporated a host of our leading indicators on the panel which can be applied to any timeframe and from which you can instantly spot opportunities as they arise whether in terms of trend, reversals, volatility, or volume. In addition, when using a scanner such as this, it also highlights broad sentiment if, for example, you have added currency pairs from the same matrix or a group of stocks from the same sector. And you can of course have multiples open across the various timeframes. The Quantum Radar Panel is a powerful indicator that keeps track of indicator signals of up to 10 different symbols in real time. For each symbol, it can display the current signals of 6 Quantum Trading indicators namely: Quantum Tick Volumes Quantum Dynamic Price Pivots Quantum Dynamic Volatility Quantum Trends Quantum Trend Monitor Quantum Live Camarilla Levels It can also display the current Open, High, Low, and Close prices of each symbol. Each indicator has 1 or more columns allotted to them to display information about their respective signals. Below we will discuss what each indicator does and how it displays its signals in the Radar Panel. Tick Volumes Volume is a powerful leading indicator, yet few traders ever take advantage of its awesome power. Why? Because identifying volume trends using the standard indicator can be confusing, and judging volume height even more so! The Quantum Tick Volumes indicator takes a simple tool and makes it come to life! First, it paints the volume bar to match the candle. This makes it quick and easy to identify buying and selling volume with the associated price action. Second, the Quantum Tick Volume indicator displays a dynamic mid-point, instantly telling you whether volumes are high, average or low in the session. No more guesswork! Volume analysis made simple – making it easy to spot profitable trading opportunities – fast! In the Radar Panel, the Tick Volumes indicator displays 2 columns -Volume and Midpoint. Columns Volume– this column displays the current volume of the symbol and changes colors according to the sentiment of the current candle. Midpoint – this column displays half of the highest volume bar within the current day and it is visible in intraday timeframes only Dynamic Price Pivots The Quantum Dynamic Price Pivots indicator could best be described as the Swiss army knife of trading. Power, simplicity and functionality all in one tool. Many traders struggle to identify reversal points based on price action alone. Why? Because you need to have a complete understanding of candlesticks, candles and candle patterns. The dynamic pivot appears once a three-candle price pattern is created. This is one of the first signs of a possible change in sentiment, based on the price action alone. A pivot high in an uptrend, and pivot low in a down trend. So, whether you are trading long or short, the Quantum Dynamic Price Pivots indicator will instantly give you a visual signal to – pay attention! Powerful, yet so simple, and two indicators in one! In the Radar Panel, the Dynamic Price Pivots indicator displays the last signal (isolated high or isolated low) and the number of bars since it was last seen. Column Last Signal – this column displays the last pivot arrow that appeared in the chart in the form of an upward (isolated low) or downward (isolated high) arrow and the number of bars since it was detected. The cell turns yellow when the arrow is seen in the last 3 bars or less. Dynamic Volatility Volatility can be both good and bad. Great for making money fast. Not so good when you’re on the losing side! But how do you know when a market is volatile. Is the price action you are seeing normal for that currency pair? And more importantly, what is normal? The Quantum Dynamic Volatility indicator is designed with one objective in mind. To show you, dynamically volatile price action. You then decide, based on the price action, whether to wait, or take advantage. One of the hardest things to learn in trading, is when to stay out. The Quantum Dynamic Volatility indicator makes this child’s play – keep you safe. It could almost be called your safety belt! In the Radar Panel, the Dynamic Volatility indicator displays the number of bars since a volatile candle was last seen. Column Last Signal – this column displays the number of bars since a volatile candle was detected. The cell turns magenta when the signal is seen in the last 3 bars or less. Trends All traders know that price is a leading indicator. Yet few traders ever discover how to correctly interpret the start of a new trend, or indeed the end of an old one. To add further complexity, markets spend over 70% of their time in congestion, moving sideways in a narrow range. The traders worst enemy. What’s the answer? Step forward – the Quantum Trends indicator. With this simple and elegant indicator, dynamic trends are painted for you instantly and dynamically, in real time. In trading any market, you need to be quick on your feet, and the Quantum Trends indicator delivers in spades! But even better, not only will it signal your possible entry and exit, but it also signals a market in congestion – equally important. Knowing when to stay out, is just as important as knowing when to get in. In the Radar Panel, the Trends indicator displays where the last trend dot is heading and the sentiment of the dot or the trend direction. Columns Dot – this column displays whether the current trend dot is going upwards, downwards, or sideways Trend Direction – this column displays the sentiment of the current trend dot and its color Trend Monitor One of the hardest things to do in trading, is to stay in, and take the maximum profit from any position. You know how it goes. You get in and all is going well. Then the market reverses. You get frightened, and close out. What happens next? Yes, you guessed it – the market reverses again and starts to move fast. Now it’s too late. You have missed out on some great profits, and are left wishing you had stayed in. That’s why we developed the Quantum Trend Monitor. It does just that. It monitors the strength of the trend. It will help you stay in, when your emotion is telling you to get out. The Trend Monitor will give you the confidence, not just to stay in, but to take the maximum profit from each and every trade. In the Radar Panel, the Trend Monitor indicator displays where the trend line (one of Trend Monitor’s 2 modes) is heading at and the current sentiment or trend direction. Columns Trend Line – in the indicator proper, the trend line shows the progression or steepness of the trend’s momentum, and this information is simplified as the direction of the line, whether it is going upwards, downwards, or sideways. Trend Direction – this column displays the current sentiment and its color Live Camarilla Levels What is the Camarilla protocol, how does it work and what will it do for me? Put simply it is a chameleon of an indicator and will appeal whether you are a more discretionary type of trader, making and taking decisions yourself, or if you prefer a more systematic or mechanical approach often associated with an EA for example. With the Camarilla levels indicator both approaches can be embraced and accommodated. The Camarilla protocol has its roots in the open outcry trading pits, where traders considered floor pivots an essential tool. Based on these original ideas and incorporating the Camarilla equation we have developed a unique indicator which delivers clear and precise price-based support and resistance levels, which act as targets for profits, triggers for potential reversals, signals for possible breakouts, and finally stop loss placement. So, if you’re a swing or reversal trader, it’s the perfect indicator. Equally if you prefer breakout trading, again it’s the perfect indicator. And all with predetermined and clear levels for any price objectives and profit targets, with stop loss placement covered also. In other words, a complete indicator, and one which is delivered with potential trading setups built in to help you see when key levels are being approached or breached. And to help you further when using the indicator, we have also included some simple messages to guide you as the various levels are approached and tested. In the Radar Panel, the Live Camarilla Levels indicator displays the 12 Camarilla levels in descending order, R6 to R1 and S1 to S6, as well as the Analysis based on where the current price is situated among the 12 levels. Columns Analysis – this column displays messages that can guide you as the various levels are approached and tested. R6 – R1, S1 – S6 (12 columns) – these columns display the 12 Camarilla levels calculated for the current timeframe and each one changes colors depending on the current price OHLC Prices Apart from the 6 Quantum indicators, the Radar Panel also displays the current OHLC prices of each symbol. Open High Low Close Their color changes depending on the current price action. With the portability of the TradingView platform, having the Radar Panel in your set of tools truly puts all the power of 6 Quantum indicators right at your fingertips. Get yours now.
Indicador Pine Script®
por QuantumTradingSoftware
ATR Mark Up/DownThis script looks for a period with increased volatility, as measured by ATR (Average True Range), then it looks for a high or a low in that area. When price is above EMA (200 is default, can be changed), it looks for the highs and adds multiples of ATR to the high. Default values for multipliers are 3,9 and 27, meaning that the script will show 3xATR level above the high, 9xATR above the high and 27xATR above the high. When price is below EMA it looks for the lows and subtracts multiples of ATR from the low.The script will show 3xATR level below the low, 9xATR below the low and 27xATR below the low. Multipliers values can be changed as well, making it a versatile tool that shows potential levels of suppport/resistance based on the volatility. Possible use cases: Breakout trading, when price crosses a certain level, it may show potential profit targets for trades opened at a breakout. Stoploss helper. Many traders use ATR for their stoplosses, 1 ATR below the swing low for long trades and 1 ATR above the swing high for short trades are common values used by many traders. In this case, the Lookback value comes handy, if we want to look maybe at a more recent value for swing high/low point. The levels shown by this indicator are not guaranteed to be or not to be reached by price, these levels should be used in confluence with other indicators and looked at as a visual helper. That's all, hope you enjoy it! PS. *It does not plot the ATR. I don't know how to do it and IF it can be done ** It does not plot the EMA. If necessary,it can be added in a future update
Indicador Pine Script®
por Troptrap
Multi Level ZigZag Harmonic PatternsLets make things bit complicated. Main difference between this script and the earlier Multi Zigzag Harmonic Pattern is the calculation logic of Zigzag 2, 3 and 4 In the earlier script, all zigzags were plain and were calculated on the basis of different lengths. (Such as 5, 10, 15, 20). These were derived on the basis of Multi Zigzag indicator In this script, Zigzag 2, 3 and 4 are calculated in slightly different way. They are calculated on the basis of previous zigzag. This means, Zigzag 1 will be the input for Zigzag2 calculation and Zigzag 2 will be the input for Zigzag3 and so on. This is demonstrated in the script - Multi Level Zigzag One important parameter which is specific to this script is: UseZigZagChain If checked: Zigzag2 is formed based on Zigzag1 Zigzag3 is formed based on Zigzag2 Zigzag4 is formed based on Zigzag3 This can lead to patterns covering huge number of candles as this chaining causes exponential effect in each levels. (Effective length grows exponentially in each level) If unchecked: Zigzag2 is formed based on Zigzag1 (Same as when checked) Zigzag3 is formed based on Zigzag1. But, length is set to zigzag2Length + zigzag3Length Zigzag4 is formed based on Zigzag1. But, length is set to zigzag2Length + zigzag3Length + zigzag4Length This reduces exponential increase of zigzag lengths over next levels. Logical ratios of patterns are coded as below: Notations: Lines XABCD forms the pattern in all cases. (OXABCD in case of Three drives ) abc = BC retacement of AB, xab = AB retracement of XA and so on ABCD Classic 0.618 <= abc <= 0.786 1.272 <= bcd <= 1.618 AB=CD Price difference between AB and CD are equal Time difference between AB and CD are equal ABCD Extension 0.618 <= abc <= 0.786 1.272 <= AD/ BC (price) <= 1.618 Gartley xab = 0.618 0.382 <= abc <= 0.886 1.272 <= bcd <= 1.618 OR xad = 0.786 Crab 0.382 <= xab <= 0.618 0.382 <= abc <= 0.886 2.24 <= bcd <= 3.618 OR xad = 1.618 Deep Crab xab = 0.886 0.382 <= abc <= 0.886 2.0 <= bcd <= 3.618 OR xad = 1.618 Bat 0.382 <= xab <= 0.50 0.382 <= abc <= 0.886 1.618 <= bcd <= 2.618 OR xad = 0.886 Butterfly xab = 0.786 0.382 <= abc <= 0.886 1.618 <= bcd <= 2.618 OR 1.272 <= xad <= 2.618 Shark xab = 0.786 1.13 <= abc <= 1.618 1.618 <= bcd <= 2.24 OR 0.886 <= xad <= 1.13 Cypher 0.382 <= xab <= 0.618 1.13 <= abc <= 1.414 1.272 <= bcd <= 2.0 OR xad = 0.786 Three Drives oxa = 0.618 1.27 <= xab <= 1.618 abc = 0.618 1.27 <= bcd <= 1.618 5-0 1.13 <= xab <= 1.618 1.618 <= abc <= 2.24 bcd = 0.5 Double Bottom Last two pivot High Lows make W shape Last Pivot Low is higher than previous Last Pivot Low. Last Pivot High is lower than previous last Pivot High. Price has not gone below Last Pivot Low Price breaks out of last Pivot High to complete W shape Double Top Last two pivot High Lows make M shape Last Pivot Low is higher than previous Last Pivot Low. Last Pivot High is lower than previous last Pivot High. Price has not gone above Last Pivot High Price breaks out of last Pivot Low to complete M shape
Indicador Pine Script®
por Trendoscope
66
Gunzo Market SRGunzo Market SR is a set of 3 tools combined for trend analysis on day trading strategy. VWAP (Volume Weighted Average Price) : The VWAP indicator is generally used for trend analysis. For example if the VWAP line is under the closing price for a long period of time, the trend is strong. In this script, the VWAP has been optimized for day trading as the indicator is calculated inside the daily range, and resets when a new day starts. This way the indicator reflects the daily trend and not the overall trend. You can also use the position of closing price according to the VWAP to find optimal entry points according to the indicator. Highs / Lows : The Highs / Lows are generally used for trend analysis too. The High / Lows are mainly used to identify prices that have been key during the past and that we can use as an indication for the following candles. In this script, the Highs / Lows are computed on the daily period and then displayed on the current period (recommended to use on a daily period or lower). This way the indicator reflects the highest point and the lowest point of the day (can be modified to have a longer range of pivot days even if I recommend to stay on 1 day for day trading). Support / Resistance : The Support / Resistance is generally used for trend analysis too. The Support / Resistance are found by searching local high and lows. The longer the supports and resistance are, the strongest it can be considered. In this script, the Highs / Lows are computed by default on a lower time frame (usually 3-4 times lower). For example on a 15 minute graph, the Highs / Lows will be computed on the 5 minute graph (can be modified if the displayed result is not optimized for your asset). How to use this set of tools : I personally recommend to use this tool at the start of your day of trading. This way you will get a clear vision of the daily situation and try to identify key prices and the trend for the current day. I then suggest to set up an alert on the key price to be notified when you're getting close to it.
Indicador Pine Script®
por Gunzo_TV
11