RCI Strategy [PineIndicators]RCI Strategy
This strategy leverages the Rank Correlation Index (RCI) — a statistical oscillator that measures the relationship between time and price rank — combined with a configurable moving average filter. It offers clean, rule-based entries and exits, and visually enhanced trade tracking via labeled markers and boxes on the chart.
The RCI Strategy is well-suited for momentum traders looking to capture directional shifts with confirmation through RCI smoothing.
Core Logic
1. Rank Correlation Index (RCI)
Measures how closely price changes correlate with time rankings.
Values range between -100 and +100.
Thresholds at ±80 help identify potential reversals or extremes.
2. RCI Smoothing via Moving Average
A moving average (MA) is applied to the RCI to smooth out fluctuations.
Supported MA types:
SMA
EMA
SMMA (RMA)
WMA
VWMA
Users can disable the smoothing by selecting "None".
Trade Entry Logic
Long Entry: RCI crosses above the selected moving average.
Short Entry: RCI crosses below the moving average.
Entries are restricted by trade direction settings:
Long Only
Short Only
Long & Short
Visual Features
RCI Panel Display
Plots RCI line and its moving average in a separate pane.
Horizontal guide lines at 0, +80, and -80 help visualize signal zones.
Trade Labels on Chart
Buy Label: Plotted when a long entry is executed.
Close Label: Plotted when any position is closed.
Triangle markers for visual emphasis on direction change.
Trade Visualization Boxes
A colored box is drawn between entry and exit prices.
Green = profitable trade; Red = losing trade.
Two horizontal lines connect entry and exit prices for reference.
Customization Parameters
RCI Source: Select input price for the RCI (default: close).
RCI Length: Set sensitivity of the oscillator.
MA Type and Length: Choose and configure the smoothing filter.
Trade Direction Mode: Define whether to allow Long, Short, or both.
Use Cases
Swing traders who want to trade directional reversals with statistical backing.
Traders seeking a clean and visual strategy based on rank momentum.
Environments where both trend and range dynamics occur.
Conclusion
The RCI Strategy is a non-repainting, rule-based trading model that combines rank correlation momentum with smoothed trend logic. Its clean visual markers, labeled trades, and flexible MA filters make it a valuable tool for discretionary and systematic traders alike.
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Parabolic RSI Strategy [ChartPrime × PineIndicators]This strategy combines the strengths of the Relative Strength Index (RSI) with a Parabolic SAR logic applied directly to RSI values.
Full credit to ChartPrime for the original concept and indicator, licensed under the MPL 2.0.
It provides clear momentum-based trade signals using an innovative method that tracks RSI trend reversals via a customized Parabolic SAR, enhancing traditional oscillator strategies with dynamic trend confirmation.
How It Works
The system overlays a Parabolic SAR on the RSI, detecting trend shifts in RSI itself rather than on price, offering early reversal insight with visual and algorithmic clarity.
Core Components
1. RSI-Based Trend Detection
Calculates RSI using a customizable length (default: 14).
Uses upper and lower thresholds (default: 70/30) for overbought/oversold zones.
2. Parabolic SAR Applied to RSI
A custom Parabolic SAR function tracks momentum within the RSI, not price.
This allows the system to capture RSI trend reversals more responsively.
Configurable SAR parameters: Start, Increment, and Maximum acceleration.
3. Signal Generation
Long Entry: Triggered when the SAR flips below the RSI line.
Short Entry: Triggered when the SAR flips above the RSI line.
Optional RSI filter ensures that:
Long entries only occur above a minimum RSI (e.g. 50).
Short entries only occur below a maximum RSI.
Built-in logic prevents new positions from being opened against trend without prior exit.
Trade Modes & Controls
Choose from:
Long Only
Short Only
Long & Short
Optional setting to reverse positions on opposite signal (instead of waiting for a flat close).
Visual Features
1. RSI Plotting with Thresholds
RSI is displayed in a dedicated pane with overbought/oversold fill zones.
Custom horizontal lines mark threshold boundaries.
2. Parabolic SAR Overlay on RSI
SAR dots color-coded for trend direction.
Visible only when enabled by user input.
3. Entry & Exit Markers
Diamonds: Mark entry points (above for shorts, below for longs).
Crosses: Mark exit points.
Strategy Strengths
Provides early momentum reversal entries without relying on price candles.
Combines oscillator and trend logic without repainting.
Works well in both trending and mean-reverting markets.
Easy to configure with fine-tuned filter options.
Recommended Use Cases
Intraday or swing traders who want to catch RSI-based reversals early.
Traders seeking smoother signals than price-based Parabolic SAR entries.
Users of RSI looking to reduce false positives via trend tracking.
Customization Options
RSI Length and Thresholds.
SAR Start, Increment, and Maximum values.
Trade Direction Mode (Long, Short, Both).
Optional RSI filter and reverse-on-signal settings.
SAR dot color customization.
Conclusion
The Parabolic RSI Strategy is an innovative, non-repainting momentum strategy that enhances RSI-based systems with trend-confirming logic using Parabolic SAR. By applying SAR logic to RSI values, this strategy offers early, visualized, and filtered entries and exits that adapt to market dynamics.
Credit to ChartPrime for the original methodology, published under MPL-2.0.
Stochastic RSI with MTF TableShort Description of the Script
The provided Pine Script indicator, titled "Stochastic RSI with MTF Table," calculates and displays the Stochastic RSI for the current timeframe and multiple other timeframes (5m, 15m, 30m, 60m, 240m, and daily). The Stochastic RSI is a momentum indicator that blends the Relative Strength Index (RSI) and Stochastic Oscillator to identify overbought and oversold conditions, as well as potential trend reversals via K and D line crossovers.
Key features of the script include:
Inputs: Customizable parameters such as K smoothing (default 3), D smoothing (default 3), RSI length (default 14), Stochastic length (default 14), source price (default close), and overbought/oversold levels (default 80/20).
MTF Table: A table displays the Stochastic RSI status for each timeframe:
"OB" (overbought) if K > 80, "OS" (oversold) if K < 20, or "N" (neutral) otherwise.
Crossovers: "K↑D" for bullish (K crosses above D) and "K↓D" for bearish (K crosses below D).
Visualization: Plots the K and D lines for the current timeframe, with horizontal lines at 80 (overbought), 50 (middle), and 20 (oversold), plus a background fill for clarity.
Table Position: Configurable to appear in one of four chart corners (default: top-right).
This indicator helps traders assess momentum across multiple timeframes simultaneously, aiding in the identification of trend strength and potential entry/exit points.
Trading Strategy with 50EMA and 200EMA for Highest Winning Rate
To create a strategy with the best probability of a high winning rate using the Stochastic RSI MTF indicator alongside the 50-period Exponential Moving Average (50EMA) and 200-period Exponential Moving Average (200EMA), we can combine trend identification with momentum-based entry timing. The 50EMA and 200EMA are widely used to determine medium- and long-term trends, while the Stochastic RSI MTF table provides multi-timeframe momentum signals. Here’s the strategy:
1. Determine the Overall Trend
Bullish Trend: The 50EMA is above the 200EMA on the current timeframe (e.g., daily or 60m chart). This suggests an uptrend, often associated with a "Golden Cross."
Bearish Trend: The 50EMA is below the 200EMA on the current timeframe. This indicates a downtrend, often linked to a "Death Cross."
Implementation: Plot the 50EMA and 200EMA on your chart and visually confirm their relative positions.
2. Identify Entry Signals Using the Stochastic RSI MTF Table
In a Bullish Trend (50EMA > 200EMA):
Look for timeframes in the MTF table showing:
Oversold (OS): K < 20, indicating a potential pullback in the uptrend where price may rebound.
Bullish Crossover (K↑D): K crosses above D, signaling rising momentum and a potential entry point.
Example: If the 60m and 240m timeframes show "OS" or "K↑D," this could be a buy signal.
In a Bearish Trend (50EMA < 200EMA):
Look for timeframes in the MTF table showing:
Overbought (OB): K > 80, suggesting a rally in the downtrend where price may reverse downward.
Bearish Crossover (K↓D): K crosses below D, indicating declining momentum and a potential short entry.
Example: If the 30m and daily timeframes show "OB" or "K↓D," this could be a sell/short signal.
Current Timeframe Check: Use the plotted K and D lines on your trading timeframe for precise entry timing (e.g., confirm a K↑D crossover on a 60m chart for a long trade).
3. Confirm Signals Across Multiple Timeframes
Strengthen the Signal: A higher winning rate is more likely when multiple timeframes align with the trend and signal. For instance:
Bullish trend + "OS" or "K↑D" on 60m, 240m, and daily = strong buy signal.
Bearish trend + "OB" or "K↓D" on 15m, 60m, and 240m = strong sell signal.
Prioritize Higher Timeframes: Signals from the 240m or daily timeframe carry more weight due to their indication of broader trends, increasing reliability.
4. Set Stop-Loss and Take-Profit Levels
Long Trades (Bullish):
Stop-Loss: Place below the most recent swing low or below the 50EMA, whichever is closer, to protect against trend reversals.
Take-Profit: Target a key resistance level or use a risk-reward ratio (e.g., 2:1 or 3:1) based on the stop-loss distance.
Short Trades (Bearish):
Stop-Loss: Place above the most recent swing high or above the 50EMA, whichever is closer.
Take-Profit: Target a key support level or apply a similar risk-reward ratio.
Trailing Stop Option: As the trend progresses, trail the stop below the 50EMA (for longs) or above it (for shorts) to lock in profits.
5. Risk Management
Position Sizing: Risk no more than 1-2% of your trading capital per trade to minimize losses from false signals.
Volatility Consideration: Adjust stop-loss distances and position sizes based on the asset’s volatility (e.g., wider stops for volatile stocks or crypto).
Avoid Overtrading: Wait for clear alignment between the EMA trend and MTF signals to avoid low-probability setups.
Example Scenario
Chart: 60-minute timeframe.
Trend: 50EMA > 200EMA (bullish).
MTF Table: 60m shows "OS," 240m shows "K↑D," and daily is "N."
Action: Enter a long position when the 60m K line crosses above D, confirming the table signal.
Stop-Loss: Below the recent 60m swing low (e.g., 2% below entry).
Take-Profit: At the next resistance level or a 3:1 reward-to-risk ratio.
Outcome: High probability of success due to trend alignment and multi-timeframe confirmation.
Why This Strategy Works
Trend Following: Trading in the direction of the 50EMA/200EMA trend reduces the risk of fighting the market’s momentum.
Momentum Timing: The Stochastic RSI MTF table pinpoints pullbacks or reversals within the trend, improving entry timing.
Multi-Timeframe Confirmation: Alignment across timeframes filters out noise, increasing the win rate.
Risk Control: Defined stop-loss and position sizing protect against inevitable losses.
Caveats
No strategy guarantees a 100% win rate; false signals can occur, especially in choppy markets.
Test this strategy on historical data or a demo account to verify its effectiveness for your asset and timeframe.
This approach leverages the strengths of both trend-following (EMA) and momentum (Stochastic RSI) tools, aiming for a high-probability, disciplined trading system.
Real-Time Price Line by Candle ColorThis indicator draws a horizontal line at the current price that updates in real time on each candle. The line:
Extends infinitely left and right
Changes color based on the current candle:
🟢 Green if the candle is bullish (close ≥ open)
🔴 Red if the candle is bearish (close < open)
Automatically clears and redraws each bar to reflect the latest price and direction
Use this as a simple but effective visual aid to track the live price and its directional bias.
Monday Range (Lines) with Fib LevelsMonday Range with Fibonacci Levels Indicator - Description
This advanced TradingView indicator combines the power of Monday Range analysis with Fibonacci extension levels to help traders identify key weekly support and resistance zones.
Key Features:
Monday Range Detection:
Automatically detects and plots the high and low of each Monday's trading range (configurable for Sunday open markets)
Displays customizable horizontal lines for the weekly opening range
Adjustable lookback period (1-52 weeks)
Fibonacci Extension Levels:
Plots 9 key Fibonacci levels (-1.618, -1.272, -0.618, 0, 0.5, 1, 1.618, 2.272, 2.618) relative to Monday's range
Each Fib level is fully customizable (color, visibility, label)
Negative Fib levels extend below Monday low for potential reversal zones
Customizable Visuals:
Choose between solid, dotted or dashed line styles
Adjustable line thickness and colors
Configurable label text and positioning
Toggle individual elements on/off as needed
How Traders Use It:
Swing Traders: Identify weekly support/resistance levels for trade entries and exits
Breakout Traders: Watch for price reactions at Fibonacci extension levels beyond Monday's range
Mean Reversion Traders: Use negative Fib levels as potential reversal zones
Institutional Flow Analysis: Monitor how price reacts at key weekly levels
Settings Overview:
Market Open Day selection (Sunday/Monday)
Number of historical weeks to display (1-52)
Complete styling control for all lines and labels
Individual toggle controls for each Fibonacci level
Why It's Unique:
This indicator provides a rare combination of institutional weekly range analysis with mathematically precise Fibonacci extensions, giving traders a complete picture of both standard and extended price reaction zones that develop from the weekly opening range.
Perfect for forex, crypto, and index traders who want to incorporate weekly opening range strategies with Fibonacci price projection techniques.
VWAP 2.0 with desv + Initial Balance by RiotWolftrading🌟 Overview
This powerful tool is designed for traders who want to harness the power of the Volume Weighted Average Price (VWAP) alongside session-based ranges to make informed trading decisions. Whether you're a day trader or a swing trader, this indicator provides a clean and effective way to identify support, resistance, and market trends—all in one place! 💡
✨ Key Features
Auto-Anchored VWAP 📊
Automatically calculates the VWAP based on a user-defined anchor period (e.g., Daily, Weekly, Monthly).
Resets at the start of each period (e.g., daily for a Daily anchor).
Displays a customizable VWAP line with standard deviation bands to highlight key price levels.
Standard Deviation Bands 📏
Plots up to three sets of standard deviation bands above and below the VWAP (multipliers: 1.0, 2.0, 3.0).
Includes volume percentage labels to show where trading volume is concentrated. 📉
Session High/Low Range 🕒
Identifies the high and low prices within a customizable session (default: 12:00 to 15:31).
Draws horizontal lines at the session high and low, with dotted deviation lines for additional reference points.
Perfect for spotting key levels during your trading session! 🔑
Time-Based Range Box ⏰
Highlights a specific time window (default: 15:40 to 15:50) with a colored box showing the high and low prices.
Ideal for tracking price action during high-impact events like news releases or market opens. 📅
Alerts 🚨
Set up alerts for when the price crosses above or below the VWAP—never miss a potential trading opportunity!
⚙️ Settings
Customize the indicator to fit your trading style with these easy-to-use settings:
VWAP Settings
Timezone 🌍: Select your timezone (default: GMT+2) to align calculations with your local time.
VWAP Source 📈: Choose the price source for VWAP (default: hlc3 - average of high, low, close).
Std Deviation Multipliers 📐: Adjust the multipliers for the bands (default: 1.0, 2.0, 3.0).
Line Width ✏️: Set the thickness of the VWAP and band lines (default: 1).
Session Time ⏳: Define the session window for VWAP calculations (default: 08:00-18:00, all days).
Show Upper/Lower Bands 👀: Toggle visibility for each set of bands (default: Band 1 visible, Bands 2 & 3 hidden).
Range Settings
Range Start/End Time 🕙: Set the time window for the range box (default: 15:40 to 15:50).
Box Color 🎨: Customize the border color (default: blue).
Box Background Color 🖌️: Adjust the background color (default: light aqua, 90% transparency).
I created this indicator to provide a streamlined, clutter-free tool for traders who rely on VWAP and session-based analysis. It focuses on the essentials—VWAP, standard deviation bands, session high/low, and range box—without unnecessary overlays. I hope it helps you in your trading journey! If you have feedback or suggestions, feel free to share—I’d love to hear from you! 😊
Average Entry Price Calculator# Average Entry Price Calculator
This powerful indicator helps you track your average entry price across multiple positions, displaying it clearly on your chart with customizable lines and labels.
## Features:
• Calculate average entry price for up to 5 different positions
• Display current price and profit/loss calculations
• Show percentage and absolute change from your average entry
• Customizable line styles, colors, and label positions
• Track your entry prices with clear visual references
## How It Works:
Enter your position details (entry price and amount in USDT), and the indicator will calculate your average entry price, displaying it as a horizontal line on your chart. The indicator also shows your individual entry prices as separate lines, making it easy to visualize your overall position.
## Perfect For:
• DCA (Dollar-Cost Averaging) strategies
• Position tracking across multiple entries
• Risk management and profit taking
• Visualizing entry zones on your chart
## Instructions:
1. Add the indicator to your chart
2. Enter your position details (price and amount)
3. Customize the visual appearance as needed
4. Use the displayed average entry line for decision making
All calculations are done locally in your browser - no sensitive data is transmitted or stored.
Enjoy more informed trading decisions with this essential position tracking tool!
RSI SiaThis script is a custom indicator for TradingView written in Pine Script version 5. It calculates the Relative Strength Index (RSI) and uses it to generate trading signals. Here's a breakdown of what the script does:
Key Features:
RSI Calculation:
The script calculates the RSI using a 14-period window.
It also calculates the momentum of the RSI over a 9-period window (rsi delta) and a simple moving average (SMA) of the RSI over a 3-period window (rsi sma).
Composite Index (CI):
The composite index is calculated as the sum of rsi delta and rsi sma.
Horizontal Lines and Zones:
Several horizontal lines are plotted at different levels (e.g., 20, 40, 60, 80, 120, 150, 180) to indicate overbought and oversold conditions.
Filled zones are created between certain levels to highlight areas of interest.
Moving Averages:
The script plots SMA and EMA of the RSI when Enable RSI ma is set to true.
It also plots moving averages of the composite index.
Crossover Signals:
The script detects bullish and bearish crossovers between the SMA and EMA of the RSI.
It plots shapes (labels) on the chart to indicate buy (BUY) and sell (SELL) signals based on these crossovers.
Usage:
Enable RSIma: This input allows you to enable or disable the plotting of RSI moving averages.
i1: This variable is used to adjust the vertical position of the composite index and its moving averages.
Visualization:
The RSI is plotted in black.
The RSI fast trigger line (SMA of RSI) is plotted in green when enabled.
The RSI slow trigger line (EMA of RSI) is plotted in orange when enabled.
The composite index and its moving averages are plotted in red, green, and orange.
Buy and sell signals are indicated with green and red labels, respectively.
This script can be used to identify potential trading opportunities based on RSI crossovers and the composite index.
London Session 15-min Range – Clean AEST Timestamp Fix (w/ EMAs)London Session 15-min Range – Clean AEST Timestamp Fix (with EMAs)
What it does:
This script is made for traders who want to track the high and low of the first 15-minute candle of the London session, using AEST (UTC+10) as the time reference. It also plots the 50 EMA and 200 EMA to help identify trend direction.
How it works:
Session Timing:
The London session is defined as starting at 6:00 PM AEST.
The session ends at 2:00 AM AEST the next day.
Detects the first 15 minutes of the London session:
During this time, it records the highest and lowest price.
Draws lines once the 15-minute window is over:
A red horizontal line is drawn at the session high.
A green horizontal line is drawn at the session low.
These lines extend 50 bars into the future.
It only draws these once per day/session.
Includes EMAs:
A 50-period EMA is calculated and plotted in yellow.
A 200-period EMA is calculated and plotted in white.
Why use it:
It helps visualise important price levels from the start of the London session and pairs that with moving averages to spot trends or potential breakouts.
SessionRangeLevels_v0.1SessionRangeLevels_v0.1
Overview:
SessionRangeLevels_v0.1 is a customizable Pine Script (v6) indicator designed to plot key price levels based on a user-defined trading session. It identifies the high and low of the session and calculates intermediate levels (75%, 50% "EQ", and 25%) within that range. These levels are projected forward as horizontal lines with accompanying labels, providing traders with dynamic support and resistance zones. The indicator supports extensive customization for session timing, time zones, line styles, colors, and more.
Key Features:
Session-Based Range Detection: Tracks the high and low prices during a specified session (e.g., 0600-0900) and updates them dynamically as the session progresses.
Customizable Levels: Displays High, 75%, EQ (50%), 25%, and Low levels, each with independent toggle options, styles (Solid, Dashed, Dotted), colors, and widths.
Session Anchor: Optional vertical line marking the session start, with customizable style, color, and width.
Projection Offset: Extends level lines forward by a user-defined number of bars (default: 24) for future price reference.
Labels: Toggleable labels for each level (e.g., "High," "75%," "EQ") with adjustable size (Tiny, Small, Normal, Large).
Time Zone Support: Aligns session timing to a selected time zone (e.g., America/New_York, UTC, Asia/Tokyo, etc.).
Alert Conditions: Triggers alerts when the price crosses any of the plotted levels (High, 75%, EQ, 25%, Low).
Inputs:
Session Time (HHMM-HHMM): Define the session range (e.g., "0600-0900" for 6:00 AM to 9:00 AM).
Time Zone: Choose from options like UTC, America/New_York, Europe/London, etc.
Anchor Settings: Toggle the session start line, adjust its style (default: Dotted), color (default: Black), and width (default: 1).
Level Settings:
High (Solid, Black, Width 2)
75% (Dotted, Blue, Width 1)
EQ/50% (Dotted, Orange, Width 1)
25% (Dotted, Blue, Width 1)
Low (Solid, Black, Width 2)
Each level includes options to show/hide, set style, color, width, and label visibility.
Projection Offset: Number of bars to extend lines (default: 24).
Label Size: Set label size (default: Small).
How It Works:
The indicator detects the start and end of the user-defined session based on the specified time and time zone.
During the session, it tracks the highest high and lowest low, updating the levels in real-time.
At the session start, it plots the High, Low, and intermediate levels (75%, 50%, 25%), projecting them forward.
Lines and labels dynamically adjust as new highs or lows occur within the session.
Alerts notify users when the price crosses any active level.
Usage:
Ideal for traders who focus on session-based strategies (e.g., London or New York open). Use it to identify key price zones, monitor breakouts, or set targets. Customize the appearance to suit your chart preferences and enable alerts for real-time trading signals.
Notes:
Ensure your chart’s timeframe aligns with your session duration for optimal results (e.g., 1-minute or 5-minute charts for short sessions).
The indicator overlays directly on the price chart for easy integration with other tools.
Psych LevelWhat it shows:
This indicator will show a horizontal line at a psychological value which can be user defined. (Psychological values are round numbers, like 10,50,100,1000 and so on...)
At these Psychological value there are often limit orders placed for both buying and selling and can often act as support and resistances.
Therefore it is useful to pre-draw these levels beforehand and this indicator will speed up the process doing so by adjusting few different settings and draw them automatically.
How to use it:
At these Psychological value there are often limit orders placed for both buying and selling and can often act as support and resistances. This is often the case when you look at limit orders at such levels on bookmap or level 2 data.
At these psychological levels it can be set as a target of your trade or as risk levels when taking a trade in either of direction. Obviously this alone shouldn't dictate the trade you should take but can be a valuable info to supplement your trade.
On the chart it is clear to see these psychological level lines are acting as resistances/supports.
Key settings:
Interval: Interval levels will be drawn for, between the minimum and maximum values inputted by the user. Minimum value allowed is 1.
Min. value: Minimum value of Psychological level that will be drawn. Minimum value allowed is 1.
Max value: Maximum value of Psychological level that will be drawn. Minimum value allowed is 1.
Line colour: Colour of line drawn.
Line width: Width of line drawn.
Line style: Style of line drawn, either solid, dotted or dashed.
Label offset: Offset of where where label will be, measured from current bar. Offset of 0 will be drawn at current bar location, any positive number will move to the right by the set amount.
Text Colour: Colour of label text
Text size: Size of label text
Example: Chart here shows setting for minimum value as 100, maximum value as 140 and interval as 5. In this setting lines will be automatically drawn at: 100,105,110,115,120,125,130,145 and 140.
The flexibility of user defined max/min and interval values allows to be accommodated for price with different price tags, including stocks under $10.
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If anything is not clear please let me know!
Supply & Demand Zones (by Wali Afridi)Description:
🚀 This indicator accurately detects Supply & Demand Zones by identifying swing highs and lows. It plots a single clean line for each zone and labels them as "SZ" (Supply Zone) and "DZ" (Demand Zone), ensuring a clear and minimalistic chart.
🔹 Features:
✅ Auto-detects recent Supply & Demand Zones
✅ Plots clean horizontal lines for the latest zones
✅ Displays "SZ" above the supply line & "DZ" below the demand line
✅ No duplicate labels—only one label per zone
✅ Minimal & clutter-free visualization
How to Use:
1️⃣ Add the indicator to your chart
2️⃣ Watch for Supply Zones (SZ) appearing above red lines – These indicate potential resistance areas where price may reverse or consolidate.
3️⃣ Watch for Demand Zones (DZ) appearing below green lines – These indicate strong support areas where price may bounce.
4️⃣ Use with other confirmations (Price Action, SMC, Volume) for better accuracy.
⚠️ Disclaimer:
This script is for educational purposes only and should not be considered financial advice. Always backtest and use risk management before applying it to live trading.
Opening Price Deviations with AlertsOverview
The Timeframe Opening Price Deviations indicator helps traders visualize how price deviates from a key reference point—the opening price of a selected timeframe (Daily, Weekly, or Monthly). It calculates upper and lower deviation levels based on a percentage step and plots these levels on the chart. This can help traders identify potential areas of support and resistance.
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How It Works
Opening Price Reference:
The script retrieves the opening price of the selected timeframe (Daily, Weekly, or Monthly).
Deviation Levels Calculation:
Five upper and lower deviation levels are calculated based on a percentage step input by the user.
Each level is determined by multiplying the opening price by (1 ± step size).
Visualization
The indicator plots the calculated levels as horizontal lines above and below the opening price.
Labels appear only on the latest bar, displaying the exact price level along with its percentage deviation from the opening price.
User has the option to turn on/off or change the bar colours. If price is within the 1st deviation lines that's considered neutral coloured orange as default. If price is above/below the first deviation levels the bar colours will be green or red.
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Potential Use Cases
Support & Resistance Zones 🟢🔴
The deviation levels can act as potential areas where price may reverse or consolidate based on historical price behaviour.
Breakout & Reversion Strategies 📈📉
If price breaks above an upper deviation level, it could indicate momentum continuation.
If price rejects from a level, it might suggest a mean reversion opportunity.
Trend Strength Analysis 🔍
The distance between the price and deviation levels can help traders assess whether a trend is strong (moving away from the opening price) or weak (hovering near the opening price).
Intraday vs. Multi-Timeframe Perspective 🕒
By selecting different timeframes (Daily, Weekly, Monthly), traders can align intraday price movements with higher timeframe reference points for added confluence.
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Customization Options
Timeframe Selection: Choose between Daily, Weekly, or Monthly opening prices.
Deviation Step (%): Adjust the step size to control the spacing between deviation levels.
Colour Bars: User Is able to change the colour of the bars.
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Alerts
This Indicator also has alerts for when price crosses above/below a deviation line. It will tell you the ticker, price and time
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Final Notes
This indicator is purely for technical analysis and should not be used as a standalone trading system. It works best when combined with price action, volume analysis, or other indicators of you're choosing to refine trade decisions.
Happy Trading! 🚀📊
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This explanation is clear, informative, and compliant with TradingView’s House Rules.
Machine Learning + Geometric Moving Average 250/500Indicator Description - Machine Learning + Geometric Moving Average 250/500
This indicator combines password-protected market analysis levels with two powerful Geometric Moving Averages (GMA 250 & GMA 500).
🔒 Password-Protected Custom Levels
Access pre-defined long and short price levels for select assets (crypto, stocks, and more) by entering the correct password in the indicator settings.
Once the correct password is entered, the indicator automatically displays:
Green horizontal lines for long entry zones.
Red horizontal lines for short entry zones.
If the password is incorrect, a warning label will appear on the chart.
📈 Geometric Moving Averages (GMA)
This indicator calculates GMA 250 and GMA 500, two long-term trend-following tools.
Unlike traditional moving averages, GMAs use logarithmic smoothing to better handle exponential price growth, making them especially useful for assets with strong trends (e.g., crypto and tech stocks).
GMA 250 (white line) tracks the medium-term trend.
GMA 500 (gold line) tracks the long-term trend.
⚙️ Customizable & Flexible
Works on multiple assets, including cryptocurrencies, equities, and more.
Adaptable to different timeframes and trading styles — ideal for both swing traders and long-term investors.
This indicator is ideal for traders who want to blend custom support/resistance levels with advanced geometric trend analysis to better navigate both volatile and trending markets.
Machine Learning + IchimokuIchimoku Cloud + Machine Learning Levels is an advanced indicator that merges a classic trend tool with machine-learned supply & demand zones. Combining the two can help traders identify trends and key price zones with greater confidence when both signals align!
How it Works
The Ichimoku Cloud component identifies the trend direction and momentum at a glance – it shows support/resistance areas via its cloud (Kumo) and signals potential trend changes when the Tenkan-sen and Kijun-sen lines cross. Meanwhile, the Machine Learning module analyzes historical price data to project potential support and resistance levels (displayed as horizontal lines) that the algorithm deems significant. By combining these, the script offers a two-layer confirmation: Ichimoku outlines the broader trend and equilibrium, while the ML levels pinpoint specific price levels where the price may react. For example, if price is above the Ichimoku Cloud (uptrend) and also near an ML-predicted support, the confluence of these signals strengthens the case for a bounce.
How to Use
Apply the indicator to a chart like any other TradingView script. It works on multiple asset classes (see supported list below). Once added:
Ichimoku Lines
Tenkan-sen (Blue): Short-term average reflecting recent highs/lows.
Kijun-sen (Red): Medium-term baseline for support/resistance.
Senkou Span A (Green) & Senkou Span B (Orange) form the “Cloud” (Kumo). Price above the Cloud often signals a bullish environment; price below it can signal a bearish environment.
Chikou Span (Purple): Plots current closing price shifted back, helping gauge momentum vs. past price.
ML-Predicted Support/Resistance Lines (Green/Red Horizontal Lines)
Green Horizontal Lines – Potential support zones.
Red Horizontal Lines – Potential resistance zones.
These dynamically adjust based on the specific asset and are updated as new historical data becomes available.
Password (for Advanced Features)
In the indicator’s Settings, there is an input field labeled “Password.” The password corresponds to the ticker(s) listed below.
Stocks
TSLA, NVDA, AAPL, AMZN, PLTR, AMD, META, MSFT, MSTR, GOOG, GME, COIN, NFLX, BABA, UBER, HOOD, NKE
Cryptocurrencies
ETH, BTC, SOL, BNB, XRP, ADA, DOT, DOGE, LTC, JUP, LINK, INJ, FET, SAND, HBAR, TRX, SHIB, UNI
(If you attach the indicator to any unlisted ticker, you will only see the Ichimoku Cloud.)
Why It’s Unique
This script is a fresh take on market analysis – it’s original in fusing Ichimoku’s visual trend mapping with machine learning. The Ichimoku framework provides time-proven trend insight, and the ML levels add forward-looking context specific to each asset. By uniting them, the indicator aims to filter out false signals and highlight high-probability zones. No repainting occurs: Ichimoku values are based on closed data, and ML levels are computed from historical patterns (they do not retroactively change).
Ichimoku Cloud + Machine Learning Levels offers an informative blend of old and new analysis techniques. It clearly shows where price is relative to trend (via Ichimoku) and where it might react in the future (via ML levels). Use it to gain a richer view of the market’s behavior. I hope this indicator provides valuable insights for your trading decisions. Happy trading!
[TehThomas] - ICT Liquidity sweepsThe ICT Liquidity Sweeps Indicator is designed to track liquidity zones in the market areas where stop-losses and pending orders are typically clustered. This indicator marks buyside liquidity (resistance) and sellside liquidity (support), helping traders identify areas where price is likely to manipulate liquidity before making a significant move.
This tool is based on Inner Circle Trader (ICT) Smart Money Concepts, which emphasize how institutional traders, or “Smart Money,” manipulate liquidity to fuel price movements. By identifying these zones, traders can anticipate liquidity sweeps and position themselves accordingly.
⚙️ How It Works
1️⃣ Detects Key Liquidity Zones
The script automatically identifies significant swing highs and swing lows in price action using a pivot-based method.
A swing high (buyside liquidity) is a peak where price struggles to break higher, forming a resistance level.
A swing low (sellside liquidity) is a valley where price struggles to go lower, creating a support level.
These liquidity points are prime targets for liquidity sweeps before a true trend direction is confirmed.
2️⃣ Draws Liquidity Lines
Once a swing high or low is identified, a horizontal line is drawn at that level.
The lines extend to the right, serving as future liquidity targets until they are broken.
The indicator allows customization in terms of color, line width, and maximum number of liquidity lines displayed at once.
3️⃣ Handles Liquidity Sweeps
When price breaks a liquidity level, the indicator reacts based on the chosen action setting:
Dotted/Dashed: The line remains visible but changes style to indicate a sweep.
Delete: The line is completely removed once price has interacted with it.
This feature ensures that traders can easily spot where liquidity has been taken and determine whether a reversal or continuation is likely.
4️⃣ Prevents Chart Clutter
To maintain a clean chart, the script limits the number of liquidity lines displayed at any given time.
When new liquidity zones are formed, the oldest lines are automatically removed, keeping the focus on the most relevant liquidity zones.
🎯 How to Use the ICT Liquidity Sweeps Indicator
🔍 Identifying Liquidity Grabs
This indicator helps you identify areas where Smart Money is targeting liquidity before making a move.
Buyside Liquidity (BSL) Sweeps:
Occur when price spikes above a resistance level before reversing downward.
Indicate that Smart Money has hunted stop-losses and buy stops before driving price lower.
Sellside Liquidity (SSL) Sweeps:
Occur when price drops below a support level before reversing upward.
Indicate that Smart Money has collected liquidity from stop-losses and sell stops before pushing price higher.
📈 Combining with Market Structure Shifts (MSS)
One of the best ways to use this indicator is in conjunction with our Market Structure Shifts Indicator.
Liquidity sweeps + MSS Confirmation give strong high-probability trade setups:
Wait for a liquidity sweep (price takes out a liquidity level).
Look for an MSS in the opposite direction (e.g., price sweeps a high, then breaks a recent low).
Enter the trade in the new direction with stop-loss above/below the liquidity sweep.
📊 Entry & Exit Strategies
Long Trade Example:
Price sweeps a key sellside liquidity level (SSL) → creates a false breakdown.
MSS confirms a reversal (price breaks structure upwards).
Enter long position after confirmation.
Stop-loss below the liquidity grab to minimize risk.
Short Trade Example:
Price sweeps a key buyside liquidity level (BSL) → takes liquidity above resistance.
MSS confirms a bearish move (price breaks a key support level).
Enter short position after confirmation.
Stop-loss above the liquidity grab.
🚀 Why This Indicator is a Game-Changer
✅ Helps Identify Smart Money Manipulation – Understand where institutions are likely to grab liquidity before the real move happens.
✅ Enhances Market Structure Analysis – When paired with MSS, liquidity sweeps become powerful signals for trend reversals.
✅ Filters Out False Breakouts – Many traders get caught in liquidity grabs. This indicator helps avoid bad entries.
✅ Keeps Your Chart Clean – The auto-limiting feature ensures that only the most relevant liquidity levels remain visible.
✅ Works on Any Timeframe – Whether you’re a scalper, day trader, or swing trader, liquidity concepts apply universally.
📌 Final Thoughts
The ICT Liquidity Sweeps Indicator is a must-have tool for traders who follow Smart Money Concepts. By tracking liquidity levels and highlighting sweeps, it allows traders to enter trades with precision while avoiding false breakouts.
When combined with Market Structure Shifts (MSS), this strategy becomes even more powerful, offering traders an edge in spotting reversals and timing entries effectively.
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ICT Liquidity Levels [TakingProphets]Overview
This indicator is designed to dynamically identify and display key liquidity levels—areas where market participants are likely to engage. By analyzing price swing points, it highlights potential support and resistance zones that can signal reversals or breakouts. The script distinguishes between buyside and sellside liquidity levels, presenting them with customizable visual cues and labels for immediate clarity.
How It Works
Swing Point Detection:
The indicator uses a pivot-based method (with a configurable “Base Swing Strength”) to detect swing highs and lows. Each detected swing is evaluated for its “swing size” (percentage price movement), and if it exceeds a user-defined threshold, the level is classified as major.
Level Creation and Classification:
Overview
Built on core ICT principles, this indicator identifies key liquidity zones—areas where market imbalances can lead to liquidity sweeps. By dynamically analyzing swing points, it offers traders a real-time view of where liquidity is clustering, allowing for a deeper understanding of market structure. 🚀
How It Works
Swing Point Detection 🔍
• Uses a pivot-based method with a configurable “Base Swing Strength” to detect significant price swings.
• Calculates the swing size (percentage change) to flag zones that exceed the “Major Level Threshold” as major liquidity zones.
Level Creation & Classification 🛠️
• Buyside Liquidity Levels (BSL):
Identified from swing highs, marking zones where buying liquidity clusters.
• Sellside Liquidity Levels (SSL):
Identified from swing lows, highlighting zones of concentrated selling liquidity.
• Each zone is stored with its price, bar index, and classification (major or standard) before being drawn as a horizontal line on the chart.
Dynamic Level Management 🔄
• Extension: Liquidity lines automatically extend from their detection point to the current bar.
• Consolidation: When levels are close in price, the script merges them—updating labels (e.g., “REQH” or “REQL”) to denote unified liquidity zones.
• Traded-Through Detection: Adjusts or removes levels if the market moves beyond them, based on your settings.
• Age-Based Cleanup: Inactive zones are automatically removed after a set number of bars to maintain clarity.
Customization Options ⚙️
Visual Settings:
• Choose from solid, dashed, or dotted line styles and adjust line width.
• Option to display labels with customizable placement (left or right) for optimal clarity.
Color & Opacity:
• Set distinct colors for buyside and sellside liquidity zones.
• Configure opacity for zones that have been traded through, keeping them visible yet de-emphasized.
Detection & Cleanup Parameters:
• Adjust “Base Swing Strength” to control pivot detection sensitivity.
• Set the “Major Level Threshold %” to filter for significant liquidity zones.
• Decide whether to retain or remove zones once price moves through them.
• Define how many bars should pass before inactive zones are automatically deleted.
How to Use 🚀
Apply the Indicator:
Simply add the script to your chart—it automatically detects and marks key liquidity zones based on recent price action.
Adjust Inputs:
Fine-tune parameters like swing strength, threshold percentages, and visual settings to match the asset’s characteristics and your trading strategy.
Interpret the Visuals:
• Major Liquidity Zones:
Highlighted with thicker lines and distinct labels (e.g., “Major BSL/SSL”), indicating areas of heightened liquidity concentration.
• Consolidated Zones:
Merged labels (e.g., “REQH/REQL”) denote unified liquidity zones where clustering is significant.
• Traded-Through Zones:
Changes in opacity signal that the market has moved beyond a previously identified liquidity zone.
Underlying ICT Concepts 💡
Liquidity Pools & Sweeps:
Focused on identifying where liquidity is concentrated, the indicator aligns with ICT methodologies that highlight zones crucial for liquidity sweeps.
Pivot Analysis for Liquidity:
Enhances traditional pivot detection to spotlight liquidity clusters, providing a deeper insight into market structure.
Real-Time Adaptation:
With continuous updates and built-in cleanup, the indicator ensures that liquidity zones accurately reflect current market conditions.
Breakout indicatorThis indicator helps traders identify potential breakout levels based on the highest high and lowest low of the last N candles, inspired by the classic Turtle Trading strategy. The period (N) is fully customizable, allowing you to adapt it to your trading style. For daily charts, a period between 50 and 100 is recommended.
The indicator dynamically plots horizontal lines representing the highest high and lowest low over the selected period. These lines are updated in real-time as price action evolves. A breakout is confirmed when the price closes above the high line (for a bullish breakout) or below the low line (for a bearish breakout).
Customize the appearance of the lines with options for thickness, color, and style (solid, dotted, or dashed) to suit your chart preferences. Perfect for traders looking to implement a simple yet effective breakout strategy!
Key Features:
Editable period (N) for high/low calculation.
Real-time updates of high/low levels.
Customizable line thickness, color, and style.
Usage:
Use on daily charts for swing trading or position trading.
Combine with other indicators or price action analysis for better confirmation.
SIOVERSE EMA 15 with Buy/Sell Signals, Support & ResistanceThis Pine Script indicator is designed for TradingView and combines Exponential Moving Averages (EMAs), support and resistance levels, buy/sell signals, and volume percentage labels filtered by buy/sell conditions. It is a comprehensive tool for traders who want to analyze price trends, identify key levels, and make informed decisions based on volume and EMA crossovers.
Key Features of the Indicator
EMA 15 (Purple Dashed Line):
A 15-period Exponential Moving Average (EMA) is plotted on the chart as a dashed purple line.
This EMA helps traders identify short-term trends and potential entry/exit points.
Hidden EMA 21 and EMA 34:
The 21-period and 34-period EMAs are calculated but not displayed on the chart.
These EMAs are used to generate buy and sell signals based on crossovers.
Buy/Sell Signals:
Buy Signal: Occurs when the EMA 21 crosses above the EMA 34. A green "BUY" label is displayed below the candle.
Sell Signal: Occurs when the EMA 21 crosses below the EMA 34. A red "SELL" label is displayed above the candle.
These signals help traders identify potential trend reversals or continuations.
Support and Resistance Levels:
Support: The lowest price level over the last lookback_period candles, plotted as a green dashed horizontal line.
Resistance: The highest price level over the last lookback_period candles, plotted as a red dashed horizontal line.
These levels help traders identify key price zones for potential breakouts or reversals.
Volume Percentage Labels (Filtered by Buy/Sell Signals):
The volume percentage is calculated relative to the average volume over the last volume_lookback candles.
Buy Volume Label: When a buy signal occurs, a green label is displayed above the candle with the text "Buy Vol: X.XX%", where X.XX is the volume percentage.
Sell Volume Label: When a sell signal occurs, a red label is displayed below the candle with the text "Sell Vol: X.XX%", where X.XX is the volume percentage.
These labels help traders assess the strength of the buy/sell signals based on volume.
Alerts:
Alerts are triggered when buy or sell signals occur, notifying traders of potential trading opportunities.
Shifted Buy PressureDifferentiated Buy Pressure Indicator Documentation
Overview: The Differentiated Buy Pressure indicator is a custom Pine Script™ indicator designed to measure and visualize buy and sell pressure in the market. It calculates buy pressure based on a combination of volume, range, and gap, and provides a differentiated buy pressure which is shifted by 90°, offering predictive insights.
Inputs:
Window Size: The window size for average calculation (default: 20).
Show Overlay: Option to show the price overlay (default: false).
Overlay Boost Factor: Boosting factor for overlaying the price (default: 0.01).
Calculations:
Relative Range: Calculated as (high - low) / close.
Average Range: Simple moving average of the relative range over the specified window.
Average Volume: Simple moving average of the volume over the specified window.
Relative Gap: Calculated as open / close .
Average Gap: Simple moving average of the relative gap over the specified window.
Buy Pressure: Calculated using the formula: buy_pressure = -math.log(relative_range / avg_range * volume / avg_volume * relative_gap / avg_gap)
Differentiated Buy Pressure: Calculated as the difference between the current and previous buy pressure: diff_buy_pressure = buy_pressure - buy_pressure
Plots:
Zero Line: A horizontal line at zero for reference.
Buy Pressure: Plotted in blue, representing the calculated buy pressure.
Differentiated Buy Pressure: Plotted in red, representing the differentiated buy pressure.
Overlay: Optionally plots the price overlay boosted by the differentiated buy pressure.
Labels:
Labels are created to display the buy pressure and differentiated buy pressure values on the chart.
Usage: This indicator helps traders visualize the buy and sell pressure in the market. Positive values indicate buy pressure, while negative values indicate sell pressure. The differentiated buy pressure, shifted by 90°, provides predictive insights into future market movements.
This documentation provides a comprehensive overview of the Differentiated Buy Pressure indicator, explaining its purpose, inputs, calculations, and usage.
Vertical & Open Lines - Yearly [MsF]Yearly Vertical & Open Lines Indicator
This indicator helps traders visualize yearly boundaries and track previous year's price levels. It draws:
- Vertical lines at the start of each year
- Horizontal lines showing previous year's open and close prices
- Optional labels with price information
Features:
- Customizable line colors and styles
- Toggle yearly vertical lines
- Show/hide previous year's price levels
- Optional price labels
- Next year line preview
Usage:
1. Add indicator to your chart
2. Adjust Base Time to match your market's yearly reset time
3. Customize colors and styles using input options
4. Toggle features as needed
Yearly Open LevelsThe Yearly Open Levels indicator is designed to help traders visualize the opening price of each year on a price chart.
Key Features:
Yearly Open Display: Automatically calculates and displays the opening price for each year starting from a user-defined starting year. This helps traders quickly spot where the price opens each year.
Customizable Start Year: Users can set a specific year to begin displaying opening levels. The default starting year is 2022, but this can be adjusted based on individual trader needs.
Visual Lines and Labels: Each yearly open is represented by a horizontal line that extends to the right of the chart, making it easy to see the level throughout the year.
A label is placed next to the line, indicating the year and the opening price, enhancing clarity and reference while analyzing price movements.
Color Customization: Traders can choose the color of the lines and labels to fit their charting style or preferences, enhancing the visual representation on different market charts.
measure last swing [keypoems]MEASURE LAST SWING
Version: v0.0.7
An indicator for measuring market swings and calculating position sizing based on pivot points and risk parameters. Helps traders visualize price swings and automatically compute position sizes based on their desired risk amount.
FEATURES:
• Identifies and tracks last pivot point in price action
• Displays visual measurements of price swing
• Calculates position sizes based on risk parameters
• Supports major futures contracts with automatic multiplier detection
HOW IT WORKS:
The indicator detects pivot highs and lows using your specified pivot strength, then draws measurement lines and calculates position sizes based on your risk parameters. It automatically cleans up old drawings when new pivot points are identified.
INPUT PARAMETERS:
General Settings:
• Risk Amount - Amount you want to risk per trade
• Pivot Strength - Bars required on either side to confirm a pivot
• Offset - Number of bars to offset the vertical line
Visual Settings:
• Horizontal and Vertical Lines - Customizable colors, widths (1-4), and styles
• Labels - Adjustable text color and size
CONTRACT MULTIPLIERS:
Automatically detects and applies the correct multiplier:
• ES (E-mini S&P 500): 50.0
• MES (Micro E-mini S&P 500): 5.0
• NQ (E-mini Nasdaq): 20.0
• MNQ (Micro E-mini Nasdaq): 2.0
• YM (E-mini Dow): 5.0
• MYM (Micro E-mini Dow): 0.5
• Other symbols: 1.0 (default)
DISPLAY ELEMENTS:
1. Horizontal line showing the level of the last pivot point
2. Vertical line measuring the distance to current price
3. Distance label showing point distance
4. Risk/Position label showing risk amount and calculated position size
POSITION SIZING:
Position Size = Floor(Risk Amount / (Distance in Points × Contract Multiplier))
IDEAL FOR:
• Measuring price swings for technical analysis
• Position sizing based on risk management rules
• Identifying potential entry and exit points
• Visual analysis of market structure
• Risk management automation
