16. SMC Strategy with SL - low TimeframeOverview
The "SMC Strategy with SL - low Timeframe" is a comprehensive trading strategy that uses key concepts from Smart Money Theory to identify favorable areas in the market for buying or selling. This strategy takes advantage of price imbalances, support and resistance zones, and swing highs/lows to generate high-probability trade signals.
The key features of this strategy include:
Swing High/Low Analysis: Used to determine the Premium, Equilibrium, and Discount Zones.
Order Block Integration: An added layer of confluence to identify valid buy and sell signals.
Trend Direction Confirmation: Using a Simple Moving Average (SMA) to determine the overall trend.
Entry and Exit Rules: Based on price position relative to key zones and moving average, along with optional stop-loss and take-profit levels.
Detailed Description
Swing High and Swing Low Analysis
The script calculates Swing High and Swing Low based on the most recent price highs and lows over a specified look-back period (swingHighLength and swingLowLength, set to 8 by default).
It then derives the Premium, Equilibrium, and Discount Zones:
Premium Zone: Represents potential resistance, calculated based on recent swing highs.
Discount Zone: Represents potential support, calculated based on recent swing lows.
Equilibrium: The midpoint between Swing High and Swing Low, dividing the price range into Premium (above equilibrium) and Discount (below equilibrium) areas.
Zone Visualization
The strategy plots the Premium Zone (resistance) in red, the Discount Zone (support) in green, and the Equilibrium level in blue on the chart. This helps visually assess the current price relative to these important areas.
Simple Moving Average (SMA)
A 50-period Simple Moving Average (SMA) is added to help identify the trend direction.
Buy signals are valid only if the price is above the SMA, indicating an uptrend.
Sell signals are valid only if the price is below the SMA, indicating a downtrend.
Entry Rules
The script generates buy or sell signals when certain conditions are met:
A buy signal is triggered when:
Price is below the Equilibrium and within the Discount Zone.
Price is above the SMA.
The buy signal is further confirmed by the presence of an Order Block (recent lowest price area).
A sell signal is triggered when:
Price is above the Equilibrium and within the Premium Zone.
Price is below the SMA.
The sell signal is further confirmed by the presence of an Order Block (recent highest price area).
Order Block
The strategy defines Order Blocks as recent highs and lows within a look-back period (orderBlockLength set to 20 by default).
These blocks represent areas where large players (smart money) have historically been active, increasing the probability of the price reacting in these areas again.
Trade Management and Trade Direction
The user can set Trade Direction to either "Long Only," "Short Only," or "Both." This allows the strategy to adapt based on market conditions or trading preferences.
Based on the Trade Direction, the strategy either:
Closes open trades that are against new signals.
Allows only specific directional trades (either long or short).
Stop-loss levels are defined based on a fixed percentage (stop_loss_percent), which helps to manage risk and minimize losses.
Exit Rules
The strategy uses stop-loss levels for risk management.
A stop-loss price is set at a fixed percentage below the entry price for long positions or above the entry price for short positions.
When the price hits the defined stop-loss level, the trade is closed.
Liquidity Zones
The script identifies recent Swing Highs and Lows as potential liquidity zones. These are levels where price could react strongly, as they represent areas of interest for large traders.
The liquidity zones are plotted as crosses on the chart, marking areas where price may encounter significant buying or selling pressure.
Visual Feedback
The script uses visual markers (green for buy signals and red for sell signals) to indicate potential entries on the chart.
It also plots liquidity zones to help traders identify areas where stop hunts and liquidity grabs might occur.
Monthly Performance Dashboard
The script includes a performance tracking feature that displays monthly profit and loss metrics on the chart.
This dashboard allows the trader to see a visual representation of trading performance over time, providing insights into profitability and consistency.
The table shows profit or loss for each month and year, allowing the user to track the overall success of the strategy.
Key Benefits
Smart Money Concepts (SMC): This strategy incorporates SMC principles like order blocks and liquidity zones, which are used by institutional traders to determine potential market moves.
Zone Analysis: The use of Premium, Discount, and Equilibrium zones provides a solid framework for determining where to enter and exit trades based on price discounts or premiums.
Confluence: Signals are not taken in isolation. They are confirmed by factors like trend direction (SMA) and order blocks, providing greater trade accuracy.
Risk Management: By integrating stop-loss functionality, traders can manage their risks effectively.
Visual Performance Metrics: The monthly and yearly performance dashboard gives valuable feedback on how well the strategy has performed historically.
Practical Use
Buy in Discount Zone: Traders would be looking to buy when the price is discounted relative to its recent range and is above the SMA, indicating an overall uptrend.
Sell in Premium Zone: Conversely, traders would be looking to sell when the price is at a premium relative to its recent range and below the SMA, indicating an overall downtrend.
Order Block Confirmation: Ensures that buying or selling is supported by historical price behavior at significant levels, providing confidence that the market is likely to react at these areas.
This strategy is designed to help traders take advantage of price inefficiencies and areas where institutional traders are likely to be active, increasing the odds of successful trades. By leveraging Smart Money concepts and strong technical confluence, it aims to provide high-probability trade setups.
Pesquisar nos scripts por "low"
Previous Day and Current Day High/LowKey Features:
Previous Day High and Low Lines:
Displays the high (PDH) and low (PDL) levels of the previous trading day.
Allows customization of line colors, styles (solid, dashed, or dotted), and widths.
Extends these lines by a specified number of candles into the current day for better visualization.
Current Day High and Low Lines:
Displays the high (CDH) and low (CDL) levels during the current day's regular trading hours.
Customizable line attributes, including color, style, width, and extension length.
Customizable Input Options:
User-configurable settings for both the previous and current day high/low lines, grouped under respective sections for clarity.
Regular trading hours can be defined manually (default is 9:30 AM to 4:00 PM).
Ability to toggle the visibility of the lines for both the previous and current days.
Automatic Reset at the Start of a New Day:
Captures the high and low values of the completed day and resets for the new day.
Deletes old lines and labels to ensure clarity and avoid overlap.
Dynamic Updates:
Updates the current day's high and low lines and labels as new data comes in.
Adjusts previous day lines dynamically based on the user-defined number of candles to extend.
Session-Based Filtering:
Ensures the calculations and updates are restricted to the defined regular trading hours.
Code Logic:
Input Groups: The script uses grouped inputs to allow users to configure settings for previous and current day levels separately.
Line and Label Management: It creates and deletes lines and labels dynamically to prevent clutter and keep the chart organized.
Session Check: Uses the session input to determine if a bar falls within regular trading hours.
High/Low Calculation: Tracks the high and low for both the previous and current days during regular trading hours.
New Day Detection: Identifies the start of a new trading day to update previous day values and reset current day variables.
Applications:
Intraday Trading: Helps traders identify critical support and resistance levels from the previous and current days.
Trend Analysis: Provides visual cues for price movement trends across consecutive days.
Custom Visualization: With extensive customization options, traders can adapt the indicator to suit their trading style and chart aesthetics.
This script is highly configurable, making it versatile for a wide range of trading strategies and styles.
Fibonacci Levels Strategy with High/Low Criteria-AYNETThis code represents a TradingView strategy that uses Fibonacci levels in conjunction with high/low price criteria over specified lookback periods to determine buy (long) and sell (short) conditions. Below is an explanation of each main part of the code:
Explanation of Key Sections
User Inputs for Higher Time Frame and Candle Settings
Users can select a higher time frame (timeframe) for analysis and specify whether to use the "Current" or "Last" higher time frame (HTF) candle for calculating Fibonacci levels.
The currentlast setting allows flexibility between using real-time or the most recent closed higher time frame candle.
Lookback Periods for High/Low Criteria
Two lookback periods, lowestLookback and highestLookback, allow users to set the number of bars to consider when finding the lowest and highest prices, respectively.
This determines the criteria for entering trades based on how recent highs or lows compare to current prices.
Fibonacci Levels Configuration
Fibonacci levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100%) are configurable. These are used to calculate price levels between the high and low of the higher time frame candle.
Each level represents a retracement or extension relative to the high/low range of the HTF candle, providing important price levels for decision-making.
HTF Candle Calculation
HTF candle data is calculated based on the higher time frame selected by the user, using the newbar check to reset htfhigh, htflow, and htfopen values.
The values are updated with each new HTF bar or as prices move within the same HTF bar to track the highest high and lowest low accurately.
Set Fibonacci Levels Array
Using the calculated HTF candle's high, low, and open, the Fibonacci levels are computed by interpolating these values according to the user-defined Fibonacci levels.
A fibLevels array stores these computed values.
Plotting Fibonacci Levels
Each Fibonacci level is plotted on the chart with a different color, providing visual indicators for potential support/resistance levels.
High/Low Price Criteria Calculation
The lowest and highest prices over the specified lookback periods (lowestLookback and highestLookback) are calculated and plotted on the chart. These serve as dynamic levels to trigger long or short entries.
Trade Signal Conditions
longCondition: A long (buy) signal is generated when the price crosses above both the lowest price criteria and the 50% Fibonacci level.
shortCondition: A short (sell) signal is generated when the price crosses below both the highest price criteria and the 50% Fibonacci level.
Executing Trades
Based on the longCondition and shortCondition, trades are entered with the strategy.entry() function, using the labels "Long" and "Short" for tracking on the chart.
Strategy Use
This strategy allows traders to utilize Fibonacci retracement levels and recent highs/lows to identify trend continuation or reversal points, potentially providing entry points aligned with larger market structure. Adjusting the lowestLookback and highestLookback along with Fibonacci levels enables a customizable approach to suit different trading styles and market conditions.
Session High Low 2024
Overview of the Code:
Input for Session Times:
You set up inputs for the start and end times of the trading session, allowing you to customize them as needed.
Time Range Function:
A function isTimeInRange checks whether the current time falls within the specified session start and end times.
initialize High and Low:
indicator initialize session high, low, and their corresponding labels and lines.
Tracking Session High and Low:
Within the specified time range, continuously update session1High and session1Low based on the highest and lowest prices encountered.
Time of Session High/Low:
The High_Time and Low_Time are tracked using the ta.valuewhen() function to capture the exact times when the session high and low occur.
Notes Creation:
You format the high and low values along with their timestamps to create notes that will be displayed alongside the lines.
Drawing Lines and Labels:
After the session ends, you check if there is a new session high or low and draw lines and labels accordingly. If a line or label already exists, you delete it before drawing a new one.
Resetting for Next Session:
At the end of the session, the high and low values are reset for the next session.
Suggestions for Improvement:
Dynamic Line Extensions:
Clear Variable Names Used in Code:
Consider using more descriptive names for variables like Entry_Point and SL_Point to make the code easier to understand.
Commenting:
Although the code is well-commented, always ensure the comments explain the "why" behind the code rather than just the "what."
Example Output:
The output will show the highest and lowest prices during the specified session times and the times they occurred formatted correctly. This output is useful for quick reference during trading and aids in making informed decisions.
Added functionality tool tip Note:
Added a tooltip Note to Get All information of Session High Low & Range.
If you need further modifications, enhancements, or specific functionalities added to this script, please let me know!
Relative Equal Highs/LowsThis Pine script indicator is designed to create a visual representation of the relative equal highs & lows formed and automatically removed mitigated ones. Unlike indicators designed to show exact equal high/lows this indicator allows a small, configurable degree of variance between price to identify areas where price stops.
Relevance:
Relative Equal highs and lows can serve as valuable tools in identifying potential shifts in trend direction. They come into play when the price hits a support or resistance level and can’t advance further, signaling a possible reversal or pivot point. When the price sufficiently retreats from these levels, relative equal highs and lows can also indicate liquidity draws where buy/sell stops might be positioned, in accordance with SMC/ICT concepts.
How It Works:
The indicator tracks all unmitigated highs & lows within the chart’s present timeframe, limited to the user-defined max bars lookback for optimal performance. If the prices are within the configured variance they are marked as relatively equal and at that point are visually identified by a horizontal line, which connects the two (or more) points of price. Depending on configuration of the indicator, a line is rendered from the 1st, last or both values within the relatively equal range of price. A unique feature of this indicator is its ability to remove the line once the price mitigates the relative equal high/low by falling below the lows or rising above highs. This ensures the chart remains uncluttered and highlights only the currently relevant levels, setting it apart from other indicators providing similar functionality.
Configurability:
The indicator offers five style settings for complete customization of the lines that represent equal highs/lows. These settings include line style, color, and width, along with an option to extend the lines to the right of the chart for enhanced visibility of equal high/low levels. To optimize performance, the indicator allows users to configure the lookback length, determining how far back the price history should be examined. In most instances, the default setting of 500 bars proves more than adequate. Additionally, you can set thresholds via separate configs for stocks & indices that will determine if the price is relatively equal and lastly allow you to configure where the indicator line should be drawn, the first, last or all the values.
Additional notes:
This uses a different approach then my “equal highs/lows” indicator to identify price levels and because it focuses specifically on relative as opposed to exact values it is entirely different and may show “weaker”, but still important levels of liquidity. This indicator is more suited for analysis of stocks and indices or higher-timeframes where price-action rarely forms exact equal values instead more frequently forming almost equal values. My other indicator is more suited for smaller (15m or less) timeframe on indices where exact equal prices are often identical. Depending on situation different indicators should be used.
Swing High/Low & EMA Cross AlertScript Description:
This script on TradingView combines the detection of Swing High/Low points with exponential moving average (EMA) crossovers to provide buy and sell alerts and to mark swing points on the chart.
What the Script Does:
Swing High/Low Detection:
Uses the ta.pivothigh function to detect significant high points and the ta.pivotlow function to detect significant low points.
For each detected point, the script checks if it is a new higher high (HH) or lower high (LH) for the highs, and a new lower low (LL) or higher low (HL) for the lows.
Creates visual labels to identify these points on the chart, helping traders to visualize potential reversal points.
EMA Crossover:
Calculates two EMAs: a fast EMA (fastEMA) with a default period of 50 and a slow EMA (slowEMA) with a default period of 200.
Detects bullish crossovers (when fastEMA crosses above slowEMA) and bearish crossunders (when fastEMA crosses below slowEMA).
Generates buy and sell alerts based on these crossovers.
How the Script Works:
EMA Calculation: EMAs are calculated using the closing prices and user-defined periods.
Swing High/Low Detection: Uses the high and low values from the previous length bars to determine the swing points.
Alert Generation: Alerts are triggered when crossovers between the EMAs occur.
How to Use the Script:
Add to Chart: Insert the script into TradingView and apply it to the desired chart.
Configure Parameters:
Adjust the detection period for swing points (length).
Configure the periods for the EMAs (fastLen and slowLen).
Customize the colors for the swing point labels as per your preference.
Monitor Alerts: Use the EMA crossover alerts to make buy or sell decisions. Observe the swing point labels to identify potential trend reversals.
Justification for the Combination:
EMAs: Widely used to identify trend direction. Combining a fast EMA with a slow EMA helps capture both short-term and long-term trend changes.
Swing High/Low: Identifies reversal points in price, which are crucial for determining potential entry and exit points in trades.
Combination:
Combining EMAs and Swing High/Low provides a comprehensive view of price behavior, helping traders to effectively identify trends and reversal points.
This script is useful for traders who want to combine trend analysis (via EMAs) with the identification of reversal points (Swing High/Low), providing a more complete view of price behavior on the chart.
High-Low DifferenceThe "High-Low Difference" indicator calculates the difference between the high and low prices within a specified period. In technical analysis, the high and low prices of an asset over a given period can provide valuable insights into the price volatility and trading range. By subtracting the low price from the high price, this indicator quantifies the range covered by price movements during the selected timeframe.
Understanding the high-low difference is essential for traders and analysts to gauge the volatility and potential price movements of an asset. A larger difference indicates higher volatility, implying greater price fluctuation within the chosen period. Conversely, a smaller difference suggests lower volatility, indicating relatively stable price movements.
Traders often use the high-low difference as part of their technical analysis toolkit to identify potential trading opportunities. For instance, a significant increase in the high-low difference may signal a breakout or increased market activity, prompting traders to adjust their trading strategies accordingly. Conversely, a narrowing high-low difference may indicate decreased volatility or a period of consolidation, suggesting potential price range-bound trading conditions.
Overall, the high-low difference serves as a simple yet valuable metric for understanding price volatility, identifying trading opportunities, and making informed decisions in the financial markets.
OPEN=HIGH/LOW LabelsIntroduction:
The "OPEN=HIGH/LOW Labels" script is designed to visually indicate instances where the opening price is equal to the high or low price of the candle. It overlays labels on the chart to highlight these conditions, providing traders with additional insights into price action.
Key Features:
Customizable Inputs: Traders can adjust parameters such as the maximum percentage difference between the opening price and the high/low prices, as well as the maximum number of labels to display.
Buy and Sell Conditions: The script defines conditions for both buy and sell scenarios based on whether the low price is equal to or greater than the opening price (indicating potential buying interest) or the high price is equal to or less than the opening price (indicating potential selling interest).
Limited Label Display: To prevent clutter on the chart, the script limits the number of labels displayed by removing older labels when the maximum number is reached.
Usage:
High Price Max % : Adjust this parameter to set the maximum percentage difference allowed between the opening price and the high price of the candle.
Low Price Max %: Set the maximum percentage difference allowed between the opening price and the low price of the candle.
Max Labels: Define the maximum number of labels to be displayed on the chart.
Interpretation:
OL-Buy Label: This label is displayed when the low price of the candle is equal to or greater than the opening price, indicating potential buying interest.
OH-Sell Label: This label is displayed when the high price of the candle is equal to or less than the opening price, suggesting potential selling interest.
Conclusion:
The "OPEN=HIGH/LOW Labels" script is a useful tool for traders to identify instances where the opening price aligns closely with the high or low price of a candle. By customizing parameters and interpreting the labels, traders can gain valuable insights into market sentiment and potential trading opportunities.
Protected Highs & Lows [TFO]This indicator presents an alternative approach to identify Market Structure. The logic used is derived from learning material created by @DaveTeaches
When quantifying Market Structure, it is common to use fractal highs and lows to identify "significant" swing pivots. When price closes through these pivots, we may identify a Market Structure Shift (MSS) for reversals or a Break of Structure (BOS) for continuations. The main difference with this "protected" logic is in how we determine the pivots/levels that are utilized to determine a valid MSS or BOS.
Nonetheless, the significance of our swing pivots is still governed by the input Pivot Strength parameter, which requires valid swing pivots to be compared to this many bars to the left and right of them. This is an optional parameter as it is traditionally set to 1 by default.
When identifying a BOS: When price closes below a valid swing low, we look back from the current bar to find the highest high that was made in that range. This becomes our protected high; similarly, when price closes above a valid swing high, we look back from the current bar to find the lowest low that was made in that range, which then becomes our protected low.
Note these valid highs and lows are the first swing pivots created after a MSS/BOS. For example, when price makes a bullish BOS/MSS and then trades away, a swing high is formed. This first swing high is what needs to be traded through to see a valid BOS.
When identifying a MSS: If the current trend is bearish and we're looking for a bullish reversal, we would need price to close above the most recent protected high. When this happens, we still look back to find the lowest low that was created in that range, and make that our new protected low. Likewise when looking for a bearish reversal, price would need to close below the most recent protected low, which would then give us a new protected high as a result (the highest point in that range).
The Trend Candles option allows users to easily visualize the current state of Market Structure with bullish and bearish colors. Users may also show BOS and MSS labels if desired.
Show Protected Highs & Lows will annotate the protected highs and lows, just note that the labels themselves are plotted in the past due to the lookback function required to identify them.
Lastly, the Show Protected Trail option will draw a line to essentially indicate a trailing stop-like line to denote the most recent protected low (if bullish) or protected high (if bearish).
I am simply a student of Dave's concepts, so please feel free to leave feedback if you are familiar with his concepts and have suggestions/improvements.
Opening Range & Prior Day High/Low [Gorb]Introduction:
Opening Range & Prior Day High/Low indicator is an easy to use day traders tool. This indicator automatically plots the previous days high and low, as well as drawing a box from the opening range that the user specifies in the settings. These two together can help provide an indication of market sentiment and price trends for the day. They are often used as a trading strategy for day traders.
Overview:
The Opening Range , draws a box from the high to the low of the user defined time period and is extended until the end of the trading session. Most common are the 5/15/30min opening ranges.
Prior Day High/Low , draws lines from the previous days high and low that extend across the current session. These are used as support/resistance and also a marker to see market sentiment by crossing one of these levels.
The indicator is designed for all kinds of traders, offering a simple approach to automatically plot levels for you.
Features:
All skill-level friendly presets, easy to enable with one-click
Opening Range: Allows user to choose what time the range starts and ends to measure the high & low.
Extend Range Lines: allows the user to choose when the box stops extending according to the trading session time.
Enable Opening Range Box: allows the user to choose to plot the opening range or not.
ORB Border Color: allows the user to change the box border color.
ORB Box Shade Color: allows the user to change the background of the opening range box.
ORB Line Width: allows users to chose the width of the opening range box lines.
Enable Previous Day High: allows users to enable the previous days high to be plotted.
Enable Previous Day Low: allows users to enable the previous days high to be plotted.
Previous Day High Color: allows users to choose the color for this line.
Previous Day Low Color: allows users to choose the color for this line.
All colors are changeable for the user to customize to their liking.
Usage Demonstration
In the image below, we can see a basic example of how these 3 features function.
As explained above, the opening range is customizable to meet the users needs and can be disabled with one click. Same goes for the prior day high(green) and low(red) lines. All 3 are plotted each day automatically for the user if enabled.
In the image below, we can see an example of using the opening range break and prior day high together for a trading strategy.
This is a great example of using the prior day high with the opening range to use as a day trading strategy. It provides the trader with levels to watch for price to break out from for possible trade setups.
In this next image, we can see a failed breakdown from the opening range that results in a bullish breakout.
The first move was a fake breakdown with the failed rejection on the retest of the opening range lows. This led to a breakout above the range and a confirmation bounce on the breakout retest. Price did break above the prior day high and confirmed with a retest bounce on that level as well.
In the image below, we can see how previous days levels can act as resistance to use with the opening range.
Price didn't reject the opening range low, but it did reject the prior day high for the second time. This could be used as an entry or once price breaks down out of the opening range again.
Conclusion:
We believe in providing user-friendly tools to help speed up traders technical analysis and implement easy trading strategies. The goal is to provide a user-friendly indicator to automatically draw opening ranges and previous days levels to suit the users needs and trading style.
RISK DISCLAIMER
All content, tools, scripts & education provided by Monstanzer or Gorb Algo LLC are for informational & educational purposes only. Trading is risk and most lose their money, past performance does not guarantee future results.
DB Support Resistance Levels + Smart Higher Highs and Lower LowsDB Support Resistance Levels + Smart Higher Highs and Lower Lows
The indicator plots historic lines for high, low and close prices shown in settings as "base levels". Users can control the lookback period that is plotted along with an optional multiplier. Traders will notice that the price bounces off these historic base levels. The base levels are shown as light gray by default (customizable in the settings). Users may choose to display base levels by a combination of historic high, low and close values.
On top of the historic base levels, the indicator display higher high and lower low levels from the current bar high/low. Higher highs are shown by default in pink and lower lows by default in yellow. The user can adjust the lookback period for displaying higher highs and the optional multiplier. Only historic values higher than the current bar high are displayed filtering out (by highlighting) the remaining levels for the current bar. Users may choose to use a combination of historic open, low and close values for displaying higher highs. The user can adjust the lookback period for displaying lower lows and the optional multiplier. Only historic values lower than the current bar low are displayed filtering out (by highlighting) the remaining levels for the current bar. Users may choose to use a combination of historic open, low and close values for displaying lower low.
The indicator includes two optional filters for filtering out higher highs and lower lows to focus (highlight) the most relevant levels. The filters include KC and a simple price multiplier filter. The latter is enabled by default and recommended.
The indicator aims to provide two things; first a simple plot of historic base levels and second as the price moves to highlight the most relevant levels for the current price action. While the indicator works on all timeframes, it was tested with the weekly. Please keep in mind adjusting the timeframe may require the lookback settings to be adjusted to ensure the bars are within range.
How should I use this indicator?
Traders may use this indicator to gain a visual reference of support and resistance levels from higher periods of time with the most likely levels highlighted in pink and yellow. Replaying the indicator gives a visual show of levels in action and just how very often price action bounces from these highlighted levels.
Additional Notes
This indicator does increase the max total lines allowed which may impact performance depending on device specs. No alerts or signals for now. Perhaps coming soon...
Multi-Timeframe High Low (@JP7FX)Multi-Timeframe High Low Levels (@JP7FX)
This Price Action indicator displays high and low levels from a selected timeframe on your current chart.
These levels COULD represent areas of potential liquidity, providing key price points where traders can target entries, reversals, or continuation trades.
Key Features:
Display high and low levels from a selected timeframe.
Customize line width, colors for high and low levels, and label text color.
Enable or disable the display of high levels, low levels, and labels.
Receive alerts when the price takes out high or low levels.
How to use:
It is important to note that using this indicator on it's own is not advisable. Instead, it should be combined with other tools and analysis for a more comprehensive trading strategy.
Possibly look to use my MTF Supply and Demand Indicator to look for zones to trade from at these levels?
If the price breaks above a high level, you might consider entering a long position, with the expectation that the price will continue to rise. Conversely, if the price breaks below a low level, you may think about entering a short position, anticipating further downward movement.
On the other hand, you can also use high or low levels to look for reversal trades, as these areas can represent attractive liquidity zones.
By identifying these key price points, you could take advantage of potential market reversals and capitalise on new trading opportunities.
Always remember to use this indicator in conjunction with other technical analysis tools for the best results.
Additionally, you can enable alerts to notify you when the price takes out high or low levels, helping you stay informed about significant price movements.
This indicator could be a valuable tool for traders looking to identify key price points for potential trading opportunities.
As always with the markets, Trade Safe :)
TR High-LowDraw a ZigZag line, a trend line , a High-Low line, and two Fibonacci lines.
1. draw ZigZag line
1-1. detect High-Low value
1-2. High-Low value is saved as a provisional value when it is updated
1-3. checks if the provisional value reaches the specified price difference (Difference) when the specified length (High-Low length) is reached
1-4. if the provisional value reaches the specified price difference (Difference), it is officially saved as a High-Low value
1-5. if the provisional value has not reached the specified price difference (Difference), it checks if the price difference (Difference) is reached
for the specified number of extensions (Extension). If it does, the provisional value is officially saved as a High-Low value.
Even if the price difference is not reached and the number of extensions has been reached, the provisional value is officially saved as the High-Low value.
1-6. draw a ZigZag line connecting the detected High-Low values
2. draw a horizontal line
2-1. draw a horizontal line on the High-Low value detected when drawing the ZigZag line
3. Draw a trend line
3-1. Draws a trend line using the High-Low value detected when drawing a ZigZag line
4. Draw a Fibonacci line
4-1. draws a Fibonacci line based on the first and second from the end of the ZigZag line by default
Interval Highlighter with High/Low AlertsInterval Highlighter with High/Low Alerts
Overview:
This Pine Script indicator enhances chart analysis by highlighting specific time intervals and marking the highest and lowest prices within those periods. It supports three customizable modes:
Date Range: Highlight a user-defined period with background shading and plot the highest and lowest prices.
Days of the Week: Highlight specific weekdays with background colors and plot the highest and lowest prices for each day.
Intraday Interval: Highlight a specific intraday time range (e.g., 12:30 PM to 4:30 PM) with background shading and plot the highest and lowest prices within that interval.
Alerts are triggered when the price touches any of the highlighted high or low levels, providing real-time notifications for potential trading opportunities.
High and low lines extend to the right and remain visible after the interval ends. This ensures they act as actionable reference points for alerts between intervals, allowing users to monitor critical levels until a new interval of the same category forms.
Features:
Customizable Time Intervals: Define specific date ranges, weekdays, or intraday intervals to highlight on the chart.
High/Low Tracking: Automatically plots the highest and lowest prices within the defined intervals.
Real-Time Alerts: Set up alerts to notify when the price touches any of the highlighted high or low levels.
Actionable Lines: High/low lines remain visible after interval completion to serve as reference points for alerts.
Visual Enhancements: Customize background colors and line styles for each interval type.
Usage:
Apply the indicator to your chart.
Configure the desired modes (Date Range, Days of the Week, Intraday Interval) in the settings.
Customize the appearance settings to match your preferences.
Set up alerts based on the highlighted high/low levels.
Disclaimer:
This indicator is designed to assist in identifying potential areas of interest based on historical high and low levels within specified intervals. It is not intended as a standalone trading signal. Users should employ additional technical analysis tools and conduct thorough research before making trading decisions.
Weekly High/Low Weekday Stats by [M1rage]Патч: условная статистика по дню недельного экстремума
Добавлена новая функция, позволяющая строить условное распределение по дням недели.
Что нового.
Два новых параметра в настройках:
Condition: Weekly High on — зафиксировать день недели, в который сформировался недельный High.
Condition: Weekly Low on — зафиксировать день недели, в который сформировался недельный Low.
Таблица автоматически перестраивается:
Левая колонка показывает — вероятности минимума недели при выбранном дне максимума.
Правая колонка показывает — вероятности максимума недели при выбранном дне минимума.
В заголовках колонок появляется подпись формата:
Weekly Low | High=Tue
Weekly High | Low=Thu
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Patch: Conditional Statistics by Day of the Weekly Extremum
A new feature has been added that builds a conditional distribution by weekdays.
What’s new
Two new settings:
Condition: Weekly High on — fix the weekday on which the weekly High formed.
Condition: Weekly Low on — fix the weekday on which the weekly Low formed.
The table updates automatically:
Left column — probabilities of the weekly Low given the selected day of the High.
Right column — probabilities of the weekly High given the selected day of the Low.
Column headers now display labels in the format:
Weekly Low | High=Tue
Weekly High | Low=Thu
RTH Session Highs & LowsA Pine Script indicator designed to track and plot the Regular Trading Hours (RTH) session highs and lows on a chart, typically for U.S. equity markets (e.g., S&P 500, Nasdaq, etc.), which operate from 9:30 AM to 4:00 PM Eastern Time.
Session High & Low Lines:
During the RTH session, the indicator draws green and red horizontal lines that represent the highest and lowest price seen so far within that trading session.
These levels help traders identify intraday support (low) and resistance (high) levels.
New High/Low Markers:
Small triangle markers are placed:
Above the bar when a new intraday high is made (green triangle).
Below the bar when a new intraday low is made (red triangle).
This visually flags when momentum may be building or reversing.
Intraday Strategy Support:
Use the session high/low as dynamic support/resistance for scalping or breakout strategies.
For example:
Breakouts above session highs may indicate bullish strength.
Breakdowns below session lows may suggest bearish momentum.
Mean Reversion Tactics:
Prices approaching these lines and then rejecting can be used for mean reversion setups.
Combine with volume or candlestick patterns for confirmation.
Risk Management:
Set stops or targets relative to session highs/lows.
For instance, use session high as a stop-loss level in a short position.
Volatility Gauge:
Tracking how frequently new highs/lows are formed can help assess intraday volatility or range expansion.
Complement with Indicators:
Combine this with our "McGinley Dynamic Channel with Directional Shading" indicator or our "EMA Crossover with Shading" indicator to add context to breakouts or rejections.
Candlestick High/Low Labels📌 Indicator Name:
Candlestick High/Low Labels
🧠 Author:
Precious Life Dynamics (@Precious_Life)
📋 Description:
The Candlestick High/Low Labels indicator highlights recent price extremes by placing labels above highs and below lows of previous candles.
Additionally, it displays a live OHLCV dashboard in the bottom-right corner, offering a quick overview of recent market data.
This tool is especially useful for:
Identifying support/resistance levels
Tracking candle behavior
Visualizing volume trends in context
⚙️ How It Works:
🔸 High/Low Labels:
Each of the most recent candles (based on Candle Lookback) is annotated as follows:
🔹 Red label above each candle’s high
🔹 Green label below each candle’s low
🔹 Price values are rounded (no decimals)
🔹 Labels are dynamically updated; old ones are removed
🔹 Label visibility can be toggled via the Show Labels input
🔸 OHLCV Dashboard:
A real-time data table appears in the bottom-right corner of the chart.
It displays the last N candles (based on Dashboard Lookback) with the following fields:
🔹 Candle Number (1 = most recent)
🔹 Open, High, Low, Close
🔹 Volume
🔹 Values are rounded for readability
🔹 White background with black text ensures high visual clarity
🔧 Customizable Inputs:
✅ Candle Lookback → Number of candles to label (default: 10)
✅ Show Labels → Toggle High/Low label display on/off
✅ Dashboard Lookback → Number of candles shown in the OHLCV table (default: 10)
🎯 Use Cases:
🔹 Identify recent price extremes and reaction zones
🔹 Spot dynamic support and resistance levels
🔹 Observe how candles behave at swing highs/lows
🔹 Monitor volume activity in relation to price
🔹 Use as a clean visual tool for scalping and intraday trading
📝 Notes:
🔹 This indicator is purely visual – it does not generate trade signals
🔹 Best suited for traders who value clear, real-time price structure feedback
Intraday Pivot Highs & Lows (Asia London NY)Intraday Pivot Highs & Lows (Asia London NY)
Script Description
This TradingView indicator is optimized for Forex, scalping, intraday, and day trading strategies. It accurately plots Pivot Points and levels, high/low, support and resistance levels. These are clearly identified to aid the trader during killzone sessions and session opens. Ideal for scalp trading, intraday sessions, and leveraging SMT (Smart Money Techniques). Utilize these Price Levels effectively during London Open, NY Open, and the Asia Session, utilizing Market Structure to pinpoint key levels and reversal zones for successful trading. Improve your Trade Setups, recognize reliable Chart Patterns, identify critical Price Pivots, and trade confidently off Institutional Levels.
This script marks the intraday pivot highs, lows and midpoints retracement levels for
Asia
London
New York
It also plots the previous day's high, low, midpoint, and 0.618 Fibonacci retracement levels, providing traders with critical price reference points for making intraday trading decisions.
Originality & Usefulness
This indicator uniquely integrates pivot calculations across three major Forex sessions (Asia, London, NY), clearly delineating session boundaries.
It enhances visibility by using distinct styling
solid for New York
dashed for London
dotted lines for Asia
And colour co-ordinated labeling, improving traders' ability to identify important intraday price action zones efficiently. Unlike standard pivot indicators, this script emphasizes session-specific trading dynamics.
### Key Features ###
Session-Based Levels: Automatically plots high, low, midpoint, and Fibonacci (.618) levels for each major session (Asia, London, NY).
Distinct Visual Cues: Lines and labels use session-specific styles and colors to easily differentiate between sessions.
Previous Day Reference: Clearly plots and labels yesterday's high, low, midpoint, and Fibonacci levels.
Flexible Visibility: Traders can set timeframe visibility to maintain clean charts on higher timeframes.
### How It Works
At the start of next day's session, previous session lines are cleared, ensuring the chart remains uncluttered.
High, low, midpoint, and Fibonacci retracement levels (.618) are dynamically calculated and displayed at the close of each session.
All session levels remain visible until the start of the next respective session, providing continuous actionable insights.
Trading Application:
Session highs and lows act as strong intraday support and resistance zones.
Midpoints and Fibonacci levels are effective for identifying potential reversal zones and retracements.
Daily levels provide a broader context, useful for gauging intraday volatility and range.
### Limitations and Considerations ##
Best used on liquid assets with clear session-based price action, such as Forex major pairs, if used on indexes make sure they contain 24 hour price action not just New York session.
This indicator is designed to streamline intraday trading by clearly marking essential pivot points and session-based levels, significantly improving traders' market context and decision-making accuracy. Can be used to enhance SMT decision making when scalping killzones.
All-Time, Yearly & Monthly High/LowThis indicator visually tracks and displays:
• All-Time High (ATH) – The highest price the asset has ever reached
• All-Time Low (ATL) – The lowest price the asset has ever reached
• Yearly High/Low – The highest and lowest prices recorded in the current calendar year
• Monthly High/Low – The highest and lowest prices in the current calendar month
It helps traders quickly identify major support/resistance levels and historical price extremes across different timeframes. Level
Color
Updates When
All-Time High
Red
A new highest price ever is reached
All-Time Low
Green
A new lowest price ever is reached
Yearly High
Orange
New yearly high occurs or changes with new year
Yearly Low
Teal
New yearly low occurs or changes with new year
Monthly High
Fuchsia
New monthly high or at the start of each new month
Monthly Low
Navy Blue
New monthly low or at the start of each new month This indicator is especially useful for:
• Swing traders watching monthly or yearly trend zones
• Breakout traders looking to spot price levels where breakouts might occur
• Reversal traders using all-time levels for high-risk reward zones
• Long-term investors gauging historical extremes for entries/exits
Intraday Low Engulf Line This indicator currently work on Future product as it track the intraday low for the daily session from 6pm to 5pm EST. You may have to manually adjust the code if there is a time difference, or day light saving.
This indicator will track all new intraday low through out the session. Once a new intraday low is made, the indicator will display the high of that candle as an engulf target.
If the next candle making a intraday low, this engulf target will be updated. Until there is no more intraday low is made, we will see a engulf target line which is the high of the candle that make the most recent intraday low.
If there is any candle body is below the intraday low engulf life, you can expect to place a buy stop order to trade the bullish reversal.
You may want to use 5m or 15m, or 30M timeframe to reduce the noise of this indicator.
Your stop loss will be set at the intraday low. Therefore a higher time frame 5m is better for entry, however 1m timeframe will give you the best reward.
The idea is that Indraday low engulf line can be a target for bullish reversal or a bullish retest.
Another way to use this this intraday low engulf line is to treat it as a support. If the support break, the trend can be bearish too.
You have to develop your own price action strategy how to trade this.
I will also add an intraday High engulf indicator later.
NFP High/Low Levels PlusNFP High/Low Levels Plus
Description:
This indicator stores the 12 most recent NFP (Non-Farm-Payroll) days and their values.
Values are captured from 0830 (NFP Release) until close of market
The High and Low values for each NFP month are drawn on the chart with horizontal lines.
- Labels indicating the month's high or low line are placed after the line
- Optionally the high/low price can be displayed additionally
Support and Resistance boxes can be drawn at the closest NFP level above and below the
current price.
- Boxes will automatically update as prices cross the NFP value
Macro Indicator
- This option displays a small table in the top right corner that says "Up" or " Down"
- The Macro Indicator can be used to judge the potential direction for the current month
- Macro direction is calculated by the following:
- UP: If two consecutive days both open and close above the most recent NFP High level
- DOWN: If two consecutive days both open and close below the most recent NFP Low level
Micro Indicator
- This option displays a small table in the top right corner that says "Up" or " Down"
- The Micro Indicator can be used to judge the potential direction for low timeframes 1H or
lower
- Micro direction is calculated by the following:
- UP: If two consecutive 10m candles close above the 20EMA
- DOWN: If two consecutive 10m candles close below the 20EMA
NFP Session Bars
- This feature draws an arrow at the bottom of the chart for each candle that falls within the
NFP session day
- This is useful for identifying NFP Days
Support / Resistance Table
- This displays a table bottom center showing the nearest high and low NFP line level
What is an NFP Day and why is it useful to add to my chart?
- NFP Days are one of the most important data releases monthly
- NFP (Non-Farm-Payroll) is the official release of 80% of the US workforce employed in
manufacturing, construction, and goods
- It does not include those who work on farms, private households, non-profit and
government workers
- Historically these high/low levels for the day create strong support and resistance levels
- Having them displayed on the chart can help identify potential strong levels and pivot points
Full Indicator with all options enabled and identified
Easily update NFP Release Days in the indicator settings
Modify various options: Show/Hide lines, labels, directional indicator tables, values tables
Adjust line width, offsets, colors, font sizes, box widths
Enable individual Directional Indicators and modify colors
Example of full indicator enabled
You can find a list of the NFP Release Schedule on the official US Bureau of Labor Statistics website. This is useful for updating the indicator settings with the correct dates
Killzones & Previous High-Low Liquidity [odnac]This indicator is designed for use in intraday trading to visualize key "Killzones" (specific time windows during different global market sessions) and highlight liquidity levels based on previous highs and lows from the previous day and week.
It helps traders identify potential market entry and exit points based on time-based trading zones and price action levels.
Key Features:
Killzone (Market Session Timeframes):
Asia (2000-0000 UTC): Displays a shaded box over the Asia trading session.
Europe (0200-0500 UTC): Highlights the European trading session.
New York AM (0830-1100 UTC): Represents the morning session of the NY market.
New York PM (1330-1600 UTC): Represents the afternoon session of the NY market.
Each of these timeframes can be customized in terms of session start and end times, and the shaded areas will help identify high liquidity periods when the market tends to be more active.
Previous High-Low Liquidity Zones:
Previous Week's High/Low: Displays lines at the high and low of the previous week.
These are important liquidity levels that can influence price action.
Previous Day's High/Low: Shows the high and low from the previous trading day.
These are also significant levels to watch for potential support and resistance.
Filters and Customization:
Position Filtering: The indicator allows users to filter out previous highs or lows if the current price doesn't align with those levels.
For example, it can filter out previous week highs if the current price is lower than that level.
Vertical Lines: Optional vertical lines to highlight key time points such as the start and end of the previous week and day.
How It Works:
The indicator visually draws "killzones" as shaded regions on the chart, indicating periods of increased market activity.
This can help traders align their strategies with the most liquid periods of the day.
The previous high and low lines (both for the previous week and the previous day) are drawn as solid lines and can be toggled on/off in the settings.
Labels are added to indicate the specific levels and periods.
The indicator provides clear visual cues, helping traders assess if the price is near important liquidity levels and whether the current market conditions align with those levels.
Customizable Settings:
You can control whether each Killzone and liquidity level is shown on the chart.
Color customization for the various zones and lines is also available.
The indicator also lets you decide whether to hide weekend data, set time-frame limits, and choose whether or not to show vertical lines at the beginning and end of each trading session.
This indicator is aimed at traders who want to trade based on high-liquidity periods and understand where key support and resistance levels are likely to emerge based on previous price action.
Opening Candle High/Low with Time Zone and Minute Offset
Title: Opening Candle High/Low with Time Zone and Minute Offset
Description:
The Opening Candle High/Low with Time Zone and Minute Offset indicator is a versatile tool that highlights the high and low of the first candle of the trading session, adjusted for your preferred time zone and minute offset. It is particularly useful for traders who focus on opening ranges as key reference points for their trading strategies.
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Features:
1. Time Zone and Minute Adjustment:
- Allows customization of the start time by applying a time zone offset (in hours) and a minute offset.
- Ideal for traders operating in different time zones or trading sessions that don't align with midnight UTC.
2. Dynamic First Candle Detection:
- Automatically captures the high and low of the first candle after the adjusted time.
- Resets daily, ensuring accurate levels for each new trading session.
3. Visual Representation:
- Plots the high and low levels of the first candle directly on the chart for easy reference.
- Uses distinct colors (green for the high and red for the low) and adjustable line widths for clarity.
4. Simplicity and Versatility:
- Works across all markets and timeframes, providing essential information for opening range breakout strategies, support/resistance analysis, or session-based trading.
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How It Works:
1. Time Adjustment:
- The indicator adjusts the current chart time by applying the user-defined hour and minute offsets.
- This ensures the "opening candle" aligns with your specific trading session requirements.
2. First Candle Detection:
- When the adjusted time matches the start of a new day (midnight with offsets), the indicator captures the high and low of the first candle.
- These values are stored and remain static throughout the trading day.
3. Plotting:
- The high and low levels of the opening candle are plotted on the chart, providing visual reference points for traders.
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Use Case:
- This indicator is ideal for traders who rely on the opening range of a session for planning trades, such as breakout or reversal strategies.
- It can also serve as a key tool for identifying significant price levels in session-based trading.
Simplify your trading analysis and align your strategy with this customizable and intuitive indicator.
