Começar

Pesquisar nos scripts por "weekly"

Indices Sector SigmaSpikes█ OVERVIEW “The benchmark Dow Jones Industrial Average is off nearly 300 points as of midday today...” “So what? Is that a lot or a little? Should we care?” -Adam H Grimes- This screener aims to provide Bird-Eye view across sector indices, to find which sector is having significant or 'out-of-norm' move in either direction. The significance of the move is measured based on Sigma Spikes, a method proposed by Adam H. Grimes, where Standard Deviation of returns used as a baseline. *You can google his blog or read his book, got some gold in there, especially on how he use indicators for trading █ Understanding Sigma Spikes As described by Grimes, moves in markets are only meaningful when we consider what “normal” is for that market. Without that baseline, the daily change number, and even the percent change on the day doesn’t really mean much. To overcome that problem, Sigma Spikes, as a measure of volatility, attempt to put todays change in price (aka return) in context of the standard deviation of 20 days daily's return. Refer chart below: 1. The blue bars refer to each days return 2. The orange line is 1 time standard deviation of past 20days daily's return (today not included) 3. The red line is 2 time standard deviation of past 20days daily's return (today not included) Using the ratio of today's return over the Std Deviation, determining your threshold (1,2,3,etc) will be the key that tells if today's move is significant or not. *Threshold referring to times standard deviation, and different market may require different threshold. *20 Days period are based on the Lookback Period, adjustable from user input window. █ Features - Scan up to 13 symbols at a time (Bursa (MYX) indices are defaulted, but you may change to any symbols/index from the user input setting) █ Limitation - Due to multiple use of security() function required to call other symbols, expect the screener to be slow at certain times - Custom Timeframe currently accept only Daily and Weekly. I'll try to include lower timeframe in the next update █ Disclaimer Past performance is not an indicator of future results. My opinions and research are my own and do not constitute financial advice in any way whatsoever. Nothing published by me constitutes an investment recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities. I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions. Any ideas to further improve this indicator are welcome :)
Indicador Pine Script®
por fareidzulkifli
18
Rain On Me IndicatorFinally, we made it :D Rain On Me Indicator, As the name suggests this indicator will make money rain on you. More seriously, this indicator contains : This indicator contains: -Bullish and bearish RSI divergences showing on chart with alerts. -Parabolic SAR with Labels on chart with buying or selling alerts. -3 Moving Average (MA 1 : 7, MA 2 : 21 MA 3 HIDDEN : 50 (Cross alerts for Pullback) -Customizable Bollinger band -Fibonacci on 10 levels with the level 0 to the middle. This Fibonacci help a lot since it can let you find easily entry/exit point, trend and even where to place your Take Profit and Stop Loss. It have alerts for most important levels (0.382, 0.§, 0.618) for Crossunder and Crossover in Bullish or Bearish trend. -Fully Customizable Ichimoku Cloud. -Trend Buy/Sell Labels on chart with buying or selling signal alerts. -Trend color visible on candles. If an alert trigger of Buy/Sell Signal with the same alert based on PSAR, so you can be confident to enter in position. Alway checking fibs level that is the key thing with this indicator. the script has been set to have the best possible results on as many market as possible. But.best result for zfter backtesting is on Forex : EUR/USD, USDJPY, USDCAD. Indice : S&P500, NASDAQ, DOWJONES Commodities : OIL, WTI Everything work on following timeframe : 15MN, 1H, 4H, DAILY, WEEKLY. So that you can avoid having to set it again, whether it be in minutes, hours, days, months. So you can easily trade in the mode that suits you best. It works well on everything from indices to forex to commodities etc. I thank all those who allowed me to carry out this project. IF you feelt free to give your ideas, suggestions, for improve it by sending me messages. This is really a first version sp it may contain bugs / errors that will be fixed over time. A BIG THANK YOU TO QUANTNOMAD WHO GIVE ME HIS PERMISSION TO USE, MODIFY AND REPUBLISH HIS "Ultimate Pivot Points Alerts" Script Indicator : Good trade to all !
Indicador Pine Script®
por RickSimpson
49
Chingas MTF SMASuper simple Multi Time Frame Simple Moving Average. This is hard coded to auto select the 200 SMA from multiple timeframes such as the 30m, 1H, 4H, Daily and Weekly. I am hopeful in another version to be able to get the 12H available in a drop down but at the present moment, it is not an option. This script will give the convenience of seeing where a Moving Average on another timeframe sits, no matter what timeframe you are currently displaying.
Indicador Pine Script®
por ChingasX
PERFECT PIVOT RANGE DR ABIRAM SIVPRASAD (PPR)PERFECT PIVOT RANGE (PPR) by Dr. Abhiram Sivprasad The Perfect Pivot Range (PPR) indicator is designed to provide traders with a comprehensive view of key support and resistance levels based on pivot points across different timeframes. This versatile tool allows users to visualize daily, weekly, and monthly pivots along with high and low levels from previous periods, helping traders identify potential areas of price reversals or breakouts. Features: Multi-Timeframe Pivots: Daily, weekly, and monthly pivot levels (Pivot Point, Support 1 & 2, Resistance 1 & 2). Helps traders understand price levels across various timeframes, from short-term (daily) to long-term (monthly). Previous High-Low Levels: Displays the previous week, month, and day high-low levels to highlight key zones of historical support and resistance. Traders can easily see areas of price action from prior periods, giving context for future price movements. Customizable Options: Users can choose which pivot levels and high-lows to display, allowing for flexibility based on trading preferences. Visual settings can be toggled on and off to suit different trading strategies and timeframes. Real-Time Data: All pivot points and levels are dynamically calculated based on real-time price data, ensuring accurate and up-to-date information for decision-making. How to Use: Pivot Points: Use daily, weekly, or monthly pivot points to find potential support or resistance levels. Prices above the pivot suggest bullish sentiment, while prices below indicate bearishness. Previous High-Low: The high-low levels from previous days, weeks, or months can serve as critical zones where price may reverse or break through, indicating potential trade entries or exits. Confluence: When pivot points or high-low levels overlap across multiple timeframes, they become even stronger levels of support or resistance. This indicator is suitable for all types of traders (scalpers, swing traders, and long-term investors) looking to enhance their technical analysis and make more informed trading decisions. Here are three detailed trading strategies for using the Perfect Pivot Range (PPR) indicator for options, stocks, and commodities: 1. Options Buying Strategy with PPR Indicator Strategy: Buying Call and Put Options Based on Pivot Breakouts Objective: To capitalize on sharp price movements when key pivot levels are breached, leading to high returns with limited risk in options trading. Timeframe: 15-minute to 1-hour chart for intraday option trading. Steps: Identify the Key Levels: Use weekly pivots for intraday trading, as they provide more significant levels for options. Enable the "Previous Week High-Low" to gauge support and resistance from the previous week. Call Option Setup (Bullish Breakout): Condition: If the price breaks above the weekly pivot point (PP) with high momentum (indicated by a strong bullish candle), it signifies potential bullishness. Action: Buy Call Options at the breakout of the weekly pivot. Confirmation: Check if the price is sustaining above the pivot with a minimum of 1-2 candles (depending on timeframe) and the first resistance (R1) isn’t too far away. Target: The first resistance (R1) or previous week’s high can be your target for exiting the trade. Stop-Loss: Set a stop-loss just below the pivot point (PP) to limit risk. Put Option Setup (Bearish Breakdown): Condition: If the price breaks below the weekly pivot (PP) with strong bearish momentum, it’s a signal to expect a downward move. Action: Buy Put Options on a breakdown below the weekly pivot. Confirmation: Ensure that the price is closing below the pivot, and check for declining volumes or bearish candles. Target: The first support (S1) or the previous week’s low. Stop-Loss: Place the stop-loss just above the pivot point (PP). Example: Let’s say the weekly pivot point (PP) is at 1500, the price breaks above and sustains at 1510. You buy a Call Option with a strike price near 1500, and the target will be the first resistance (R1) at 1530. 2. Stock Trading Strategy with PPR Indicator Strategy: Swing Trading Using Pivot Points and Previous High-Low Levels Objective: To capture mid-term stock price movements using pivot points and historical high-low levels for better trade entries and exits. Timeframe: 1-day or 4-hour chart for swing trading. Steps: Identify the Trend: Start by determining the overall trend of the stock using the weekly pivots. If the price is consistently above the pivot point (PP), the trend is bullish; if below, the trend is bearish. Buy Setup (Bullish Trend Reversal): Condition: When the stock bounces off the weekly pivot point (PP) or previous week’s low, it signals a bullish reversal. Action: Enter a long position near the pivot or previous week’s low. Confirmation: Look for a bullish candle pattern or increasing volumes. Target: Set your first target at the first resistance (R1) or the previous week’s high. Stop-Loss: Place your stop-loss just below the previous week’s low or support (S1). Sell Setup (Bearish Trend Reversal): Condition: When the price hits the weekly resistance (R1) or previous week’s high and starts to reverse downwards, it’s an opportunity to short-sell the stock. Action: Enter a short position near the resistance. Confirmation: Watch for bearish candle patterns or decreasing volume at the resistance. Target: Your first target would be the weekly pivot point (PP), with the second target as the previous week’s low. Stop-Loss: Set a stop-loss just above the resistance (R1). Use Previous High-Low Levels: The previous week’s high and low are key levels where price reversals often occur, so use them as reference points for potential entry and exit. Example: Stock XYZ is trading at 200. The previous week’s low is 195, and it bounces off that level. You enter a long position with a target of 210 (previous week’s high) and place a stop-loss at 193. 3. Commodity Trading Strategy with PPR Indicator Strategy: Trend Continuation and Reversal in Commodities Objective: To capitalize on the strong trends in commodities by using pivot points as key support and resistance levels for trend continuation and reversal. Timeframe: 1-hour to 4-hour charts for commodities like Gold, Crude Oil, Silver, etc. Steps: Identify the Trend: Use monthly pivots for long-term commodities trading since commodities often follow macroeconomic trends. The monthly pivot point (PP) will give an idea of the long-term trend direction. Trend Continuation Setup (Bullish Commodity): Condition: If the price is consistently trading above the monthly pivot and pulling back towards the pivot without breaking below it, it indicates a bullish continuation. Action: Enter a long position when the price tests the monthly pivot (PP) and starts moving up again. Confirmation: Look for a strong bullish candle or an increase in volume to confirm the continuation. Target: The first resistance (R1) or previous month’s high. Stop-Loss: Place the stop-loss below the monthly pivot (PP). Trend Reversal Setup (Bearish Commodity): Condition: When the price reverses from the monthly resistance (R1) or previous month’s high, it’s a signal for a bearish reversal. Action: Enter a short position at the resistance level. Confirmation: Watch for bearish candle patterns or decreasing volumes at the resistance. Target: Set your first target as the monthly pivot (PP) or the first support (S1). Stop-Loss: Stop-loss should be placed just above the resistance level. Using Previous High-Low for Swing Trades: The previous month’s high and low are important in commodities. They often act as barriers to price movement, so traders should look for breakouts or reversals near these levels. Example: Gold is trading at $1800, with a monthly pivot at $1780 and the previous month’s high at $1830. If the price pulls back to $1780 and starts moving up again, you enter a long trade with a target of $1830, placing your stop-loss below $1770. Key Points Across All Strategies: Multiple Timeframes: Always use a combination of timeframes for confirmation. For example, a daily chart may show a bullish setup, but the weekly pivot levels can provide a larger trend context. Volume: Volume is key in confirming the strength of price movement. Always confirm breakouts or reversals with rising or declining volume. Risk Management: Set tight stop-loss levels just below support or above resistance to minimize risk and lock in profits at pivot points. Each of these strategies leverages the powerful pivot and high-low levels provided by the PPR indicator to give traders clear entry, exit, and risk management points across different markets
Indicador Pine Script®
por abiramsivprasad
Quantitative Qualitative Estimation (QQE)The indicator QQE, is an interesting tool based on a Relative Strength Index (RSI). While the original RSI is often used as a pointer for overbought or oversold market phases, the QQE provides additional information. Use the QQE to display trend direction and trend strength . For me this is one of the most important indicator for Trend Following. ##This QQE indicator is an improved version made by 'mladen' for Metatrader 4. The histogram does not differ from the original QQE! The developer has adapted the scaling so that the central horizontal level is zero. It has no effect to the result, but is much more convenient to analyze the trend. Main Signals Background changes when the black line crosses the grey line. Identify the trend direction Singal turns green while the main QQE trendline is above the zero line and red while it is below. This works best in the major timeframes like Daily or Weekly. You can activate this signal in the settings. NYSE:THO Identify the trend strength _Histogram Colors_ Green (above 10): bullish Red (below -10): bearish Yellow: flat It is not a buy or sell signal when the color of the histogram changes. It only says that one side could gained the advantage. If you use a large timeframe like Monthly, you can reduce the number of false signal by setting the SF (Slow Factor) from 5 (default) to 1. S&P 500, Monthly Please always remember, there is no holy grail indicator! ...but this one defines trends quite accurately.
Indicador Pine Script®
por fyntrade
10
Dividers Timeframe/Session/Calendar-Based [ARTech]Dividers Timeframe/Session/Calendar-Based This indicator provides customizable visual dividers for multiple timeframes, trading sessions, and calendar-based periods (daily, weekly, monthly). It helps traders visually separate chart areas by key time boundaries without cluttering the chart with price lines. Key Features: Multi-Timeframe Dividers: Select up to 4 timeframes (e.g., 60 min, 4 hours, daily, weekly) to display customizable lines marking the start of each timeframe’s candle. Session Dividers: Define up to 4 trading sessions with user-defined time zones, colors, and active weekdays. The indicator highlights the session’s highest and lowest price range using a box, and compares the session’s opening and closing prices. Based on this comparison, it displays a green or red emoji to indicate bullish or bearish sessions, making it easy to identify session momentum visually. Calendar-Based Dividers: Enable daily, weekly, or monthly background color zones, with individual toggles and color settings for each day, week, or month. Perfect for visually distinguishing trading periods. Why use this indicator? Divider Indicator helps keep your chart organized by visually segmenting timeframes, sessions, and calendar periods, aiding in better analysis of price action relative to important time boundaries. How to Use ███████ Timezone ███████ A valid timezone name exactly as it appears in the chart’s lower-right corner (e.g. New York, London). A valid UTC offset in ±H:MM or ±HH:MM format. Hours: 0–14 (zero-padded or not, e.g. +1:30, +01:30, -0:00). Minutes: Must be 00, 15, 30, or 45. Examples; UTC → ✅ Valid Exchange → ✅ Valid New York → ✅ Valid London → ✅ Valid Berlin → ✅ Valid America/New York → ❌ Invalid. (Use "New York" instead) +1:30 → ✅ Valid offset with single-digit hour +01:30 → ✅ Valid offset with zero-padded hour -05:00 → ✅ Valid negative offset -0:00 → ✅ Valid zero offset +1:1 → ❌ Invalid (minute must be 00, 15, 30, or 45) +2:50 → ❌ Invalid (minute must be 00, 15, 30, or 45) +15:00 → ❌ Invalid (hour must be 14 or below) ███████ Timeframe ███████ Use this section to display vertical divider lines at the opening of higher timeframe candles (e.g., 1H, 4H, Daily, Weekly). This helps visually separate price action according to larger market structures. 1. Enable a Timeframe: Turn on one or more timeframes (e.g., 60, 240, D, W) by checking their respective toggle boxes. 2. Lines Mark Candle Opens: Each active timeframe will draw a vertical line at the start of its candle , making it easier to align intraday moves with larger timeframe shifts. 3. Customize Line Style: For each timeframe, you can individually set: Line Style: Solid, dashed, or dotted. Line Width: From 1 to 10 pixels. Line Color: Pick any color to match your chart theme. Opacity: Use transparent colors to avoid overwhelming the chart. 4. Use Multiple Timeframes Together: You can enable multiple timeframe dividers simultaneously. To maintain clarity: Use distinct colors for each timeframe. Use thinner or dotted lines for lower timeframes and bolder lines for higher ones. Match line style and color intensity to reflect timeframe importance. (e.g., a thick green solid line for Weekly, a thin gray dotted line for 1H) 5. Visual Tip: These dividers are especially useful for identifying higher timeframe candle opens during intraday trading, spotting breaks above/below previous candle ranges, or aligning session-based strategies with higher timeframe trends. ███████ Session ███████ Use this section to visually highlight specific trading sessions (e.g., London, New York, Tokyo, Sydney) on your chart using time zones, session ranges, and optional weekday filters. This helps focus your analysis on active market hours. 1. Enable a Session: Activate up to 4 separate trading sessions. Each session can be named (e.g., "London") and customized independently. 2. Set Session Time and Days: Define session time using the hhmm-hhmm format. (e.g., 0800-1700) Select which days of the week the session applies to (Sunday through Saturday) Set your preferred time zone (UTC, Exchange, etc.) from the global settings. 3. Session Box Drawing: For each active session, the indicator will: Draw a background-colored box from the session’s start to end time. Stretch the box to fit the highest and lowest price within that time window. Draw an outline using customizable border style and width. 4. Session Labels and Directional Hints: Optionally display the session’s name as a label. The indicator compares the session’s opening and closing prices . Based on the result: 📈 Green emoji shows a bullish session (close >= open) 📉 Red emoji shows a bearish session (close < open) 5. Display Options: Show all sessions, only the last session, or a specific number of previous sessions. Customize label size, location (top/bottom), and whether it appears inside or outside the box. Adjust background opacity to blend the sessions neatly into your chart. 6. Visual Tip: Session boxes are particularly useful for: Spotting repeated highs/lows during active trading hours. Recognizing session-based breakouts or consolidations. Comparing performance across different markets and time zones. ███████ Calendar-Based ███████ This section helps you visually segment your chart based on calendar periods: daily, weekly, and monthly. You can enable background color highlighting for individual days, weeks, or months to better track price movements within these time frames. 1. Enable Daily, Weekly, or Monthly Highlighting: Toggle on the options for Daily, Weekly, and/or Monthly highlighting according to your needs. 2. Select Specific Days, Weeks, or Months: For Daily, enable any combination of days (up to 7) to color-code. For Weekly, enable up to 5 weeks per month to cover partial weeks. For Monthly, enable up to 12 months with individual toggles and colors. 3. Customize Colors for Each Period: Assign distinct colors to each day, week, or month for easy differentiation. Choose hues that stand out but avoid colors that are too close in tone for adjacent periods. 4. Background Opacity: Adjust the opacity level of the background coloring to ensure it complements your chart without obscuring price data. 5. Handling Partial Weeks and Overlaps: The weekly highlighting accounts for months that span 4 to 6 weeks by allowing toggles up to 5 weeks, including weeks that may partially overlap with previous or next months. 6. Visual Tip: Calendar-based backgrounds are excellent for: Quickly identifying price behavior within specific calendar units. Comparing price action across days, weeks, or months. Spotting seasonal trends or recurring patterns tied to calendar cycles.
Indicador Pine Script®
por ARrowofTime
Multi-Timeframe 20 EMA Horizontal LinesOverview This Multi-Timeframe 20 EMA indicator provides intelligent trend analysis by displaying your current timeframe EMA alongside relevant higher timeframe EMA levels as horizontal support/resistance lines. On lower timeframes, you see all higher EMA levels for comprehensive multi-timeframe confluence, while on higher timeframes, it filters out lower timeframe noise to maintain focus on macro trends. This allows traders to align short-term entries with long-term market structure, identifying high-probability setups where multiple timeframe EMAs converge while using the current timeframe EMA for precise timing. Feature Multi-Timeframe Horizontal EMA Lines The indicator fetches and displays 20 EMAs from five higher timeframes: Daily (D): Daily 20 EMA Weekly (W): Weekly 20 EMA Monthly (M): Monthly 20 EMA Quarterly (Q): 3-Month 20 EMA Half-Yearly (HY): 6-Month 20 EMA Intelligent Timeframe Filtering Smart Display Logic: Only shows EMAs from timeframes higher than your current chart timeframe Prevents Redundancy: Automatically filters out lower timeframe EMAs to avoid clutter Example: On a 4-hour chart, you'll see Daily, Weekly, Monthly, Quarterly, and Half-Yearly EMAs, but on a Weekly chart, you'll only see Weekly and higher timeframes Half-Yearly (HY): 6-Month 20 EMA Shows only current timeframe EMA with half-yearly horizontal line, filtering out all lower timeframes. Quarterly (Q): 3-Month 20 EMA Displays current timeframe EMA with quarterly and higher horizontal lines, hiding monthly, weekly, and daily EMAs. Monthly (M): Monthly 20 EMA Shows current timeframe EMA with monthly and higher horizontal EMAs, excluding weekly and daily timeframes. Weekly (W): Weekly 20 EMA Displays current timeframe EMA with weekly and higher horizontal EMA lines, filtering out daily timeframe. Daily (D): Shows current timeframe EMA with all higher timeframe horizontal EMAs (daily, weekly, monthly, quarterly, half-yearly). Note: Make sure to enable Price-Line in Style Settings after Importing Script.
Indicador Pine Script®
por ShogunSteel
Levels Of Interest------------------------------------------------------------------------------------ LEVELS OF INTEREST (LOI) TRADING INDICATOR GUIDE ------------------------------------------------------------------------------------ Table of Contents: 1. Indicator Overview & Core Functionality 2. VWAP Foundation & Historical Context 3. Multi-Timeframe VWAP Analysis 4. Moving Average Integration System 5. Trend Direction Signal Detection 6. Visual Design & Display Features 7. Custom Level Integration 8. Repaint Protection Technology 9. Practical Trading Applications 10. Setup & Configuration Recommendations ------------------------------------------------------------------------------------ 1. INDICATOR OVERVIEW & CORE FUNCTIONALITY ------------------------------------------------------------------------------------ The LOI indicator combines multiple VWAP calculations with moving averages across different timeframes. It's designed to show where institutional money is flowing and help identify key support and resistance levels that actually matter in today's markets. Primary Functions: - Multi-timeframe VWAP analysis (Daily, Weekly, Monthly, Yearly) - Advanced moving average integration (EMA, SMA, HMA) - Real-time trend direction detection - Institutional flow analysis - Dynamic support/resistance identification Target Users: Day traders, swing traders, position traders, and institutional analysts seeking comprehensive market structure analysis. ------------------------------------------------------------------------------------ 2. VWAP FOUNDATION & HISTORICAL CONTEXT ------------------------------------------------------------------------------------ Historical Development: VWAP started in the 1980s when big institutional traders needed a way to measure if they were getting good fills on their massive orders. Unlike regular price averages, VWAP weighs each price by the volume traded at that level. This makes it incredibly useful because it shows you where most of the real money changed hands. Mathematical Foundation: The basic math is simple: you take each price, multiply it by the volume at that price, add them all up, then divide by total volume. What you get is the true "average" price that reflects actual trading activity, not just random price movements. Formula: VWAP = Σ(Price × Volume) / Σ(Volume) Where typical price = (High + Low + Close) / 3 Institutional Behavior Patterns: - When price trades above VWAP, institutions often look to sell - When it's below, they're usually buying - Creates natural support and resistance that you can actually trade against - Serves as benchmark for execution quality assessment ------------------------------------------------------------------------------------ 3. MULTI-TIMEFRAME VWAP ANALYSIS ------------------------------------------------------------------------------------ Core Innovation: Here's where LOI gets interesting. Instead of just showing daily VWAP like most indicators, it displays four different timeframes simultaneously: **Daily VWAP Implementation**: - Resets every morning at market open - Provides clearest picture of intraday institutional sentiment - Primary tool for day trading strategies - Most responsive to immediate market conditions **Weekly VWAP System**: - Resets each Monday (or first trading day) - Smooths out daily noise and volatility - Perfect for swing trades lasting several days to weeks - Captures weekly institutional positioning **Monthly VWAP Analysis**: - Resets at beginning of each calendar month - Captures bigger institutional rebalancing at month-end - Fund managers often operate on monthly mandates - Significant weight in intermediate-term analysis **Yearly VWAP Perspective**: - Resets annually for full-year institutional view - Shows long-term institutional positioning - Where pension funds and sovereign wealth funds operate - Critical for major trend identification Confluence Zone Theory: The magic happens when multiple VWAP levels cluster together. These confluence zones often become major turning points because different types of institutional money all see value at the same price. ------------------------------------------------------------------------------------ 4. MOVING AVERAGE INTEGRATION SYSTEM ------------------------------------------------------------------------------------ Multi-Type Implementation: The indicator includes three types of moving averages, each with its own personality and application: **Exponential Moving Averages (EMAs)**: - React quickly to recent price changes - Displayed as solid lines for easy identification - Optimal performance in trending market conditions - Higher sensitivity to current price action **Simple Moving Averages (SMAs)**: - Treat all historical data points equally - Appear as dashed lines in visual display - Slower response but more reliable in choppy conditions - Traditional approach favored by institutional traders **Hull Moving Averages (HMAs)**: - Newest addition to the system (dotted line display) - Created by Alan Hull in 2005 - Solves classic moving average dilemma: speed vs. accuracy - Manages to be both responsive and smooth simultaneously Technical Innovation: Alan Hull's solution addresses the fundamental problem where moving averages are either too slow (missing moves) or too fast (generating false signals). HMAs achieve optimal balance through weighted calculation methodology. Period Configuration: - 5-period: Short-term momentum assessment - 50-period: Intermediate trend identification - 200-period: Long-term directional confirmation ------------------------------------------------------------------------------------ 5. TREND DIRECTION SIGNAL DETECTION ------------------------------------------------------------------------------------ Real-Time Momentum Analysis: One of LOI's best features is its real-time trend detection system. Next to each moving average, visual symbols provide immediate trend assessment: Symbol System: - ▲ Rising average (bullish momentum confirmation) - ▼ Falling average (bearish momentum indication) - ► Flat average (consolidation or indecision period) Update Frequency: These signals update in real-time with each new price tick and function across all configured timeframes. Traders can quickly scan daily and weekly trends to assess alignment or conflicting signals. Multi-Timeframe Trend Analysis: - Simultaneous daily and weekly trend comparison - Immediate identification of trend alignment - Early warning system for potential reversals - Momentum confirmation for entry decisions ------------------------------------------------------------------------------------ 6. VISUAL DESIGN & DISPLAY FEATURES ------------------------------------------------------------------------------------ Color Psychology Framework: The color scheme isn't random but based on psychological associations and trading conventions: - **Blue Tones**: Institutional neutrality (VWAP levels) - **Green Spectrum**: Growth and stability (weekly timeframes) - **Purple Range**: Longer-term sophistication (monthly analysis) - **Orange Hues**: Importance and attention (yearly perspective) - **Red Tones**: User-defined significance (custom levels) Adaptive Display Technology: The indicator automatically adjusts decimal places based on the instrument you're trading. High-priced stocks show 2 decimals, while penny stocks might show 8. This keeps the display incredibly clean regardless of what you're analyzing - no cluttered charts or overwhelming information overload. Smart Labeling System: Advanced positioning algorithm automatically spaces all elements to prevent overlap, even during extreme zoom levels or multiple timeframe analysis. Every level stays clearly readable without any visual chaos disrupting your analysis. ------------------------------------------------------------------------------------ 7. CUSTOM LEVEL INTEGRATION ------------------------------------------------------------------------------------ User-Defined Level System: Beyond the calculated VWAP and moving average levels, traders can add custom horizontal lines at any price point for personalized analysis. Strategic Applications: - **Psychological Levels**: Round numbers, previous significant highs/lows - **Technical Levels**: Fibonacci retracements, pivot points - **Fundamental Targets**: Analyst price targets, earnings estimates - **Risk Management**: Stop-loss and take-profit zones Integration Features: - Seamless incorporation with smart labeling system - Custom color selection for visual organization - Extension capabilities across all chart timeframes - Maintains display clarity with existing indicators ------------------------------------------------------------------------------------ 8. REPAINT PROTECTION TECHNOLOGY ------------------------------------------------------------------------------------ Critical Trading Feature: This addresses one of the most significant issues in live trading applications. Most multi-timeframe indicators "repaint," meaning they display different signals when viewing historical data versus real-time analysis. Protection Benefits: - Ensures every displayed signal could have been traded when it appeared - Eliminates discrepancies between historical and live analysis - Provides realistic performance expectations - Maintains signal integrity across chart refreshes Configuration Options: - **Protection Enabled**: Default setting for live trading - **Protection Disabled**: Available for backtesting analysis - User-selectable toggle based on analysis requirements - Applies to all multi-timeframe calculations Implementation Note: With protection enabled, signals may appear one bar later than without protection, but this ensures all signals represent actionable opportunities that could have been executed in real-time market conditions. ------------------------------------------------------------------------------------ 9. PRACTICAL TRADING APPLICATIONS ------------------------------------------------------------------------------------ **Day Trading Strategy**: Focus on daily VWAP with 5-period moving averages. Look for bounces off VWAP or breaks through it with volume. Short-term momentum signals provide entry and exit timing. **Swing Trading Approach**: Weekly VWAP becomes your primary anchor point, with 50-period averages showing intermediate trends. Position sizing based on weekly VWAP distance. **Position Trading Method**: Monthly and yearly VWAP provide broad market context, while 200-period averages confirm long-term directional bias. Suitable for multi-week to multi-month holdings. **Multi-Timeframe Confluence Strategy**: The highest-probability setups occur when daily, weekly, and monthly VWAPs cluster together, especially when multiple moving averages confirm the same direction. These represent institutional consensus zones. Risk Management Integration: - VWAP levels serve as dynamic stop-loss references - Multiple timeframe confirmation reduces false signals - Institutional flow analysis improves position sizing decisions - Trend direction signals optimize entry and exit timing ------------------------------------------------------------------------------------ 10. SETUP & CONFIGURATION RECOMMENDATIONS ------------------------------------------------------------------------------------ Initial Configuration: Start with default settings and adjust based on individual trading style and market focus. Short-term traders should emphasize daily and weekly timeframes, while longer-term investors benefit from monthly and yearly level analysis. Transparency Optimization: The transparency settings allow clear price action visibility while maintaining level reference points. Most traders find 70-80% transparency optimal - it provides a clean, unobstructed view of price movement while maintaining all critical reference levels needed for analysis. Integration Strategy: Remember that no indicator functions effectively in isolation. LOI provides excellent context for institutional flow and trend direction analysis, but should be combined with complementary analysis tools for optimal results. Performance Considerations: - Multiple timeframe calculations may impact chart loading speed - Adjust displayed timeframes based on trading frequency - Customize color schemes for different market sessions - Regular review and adjustment of custom levels ------------------------------------------------------------------------------------ FINAL ANALYSIS ------------------------------------------------------------------------------------ Competitive Advantage: What makes LOI different is its focus on where real money actually trades. By combining volume-weighted calculations with multiple timeframes and trend detection, it cuts through market noise to show you what institutions are really doing. Key Success Factor: Understanding that different timeframes serve different purposes is essential. Use them together to build a complete picture of market structure, then execute trades accordingly. The integration of institutional flow analysis with technical trend detection creates a comprehensive trading tool that addresses both short-term tactical decisions and longer-term strategic positioning. ------------------------------------------------------------------------------------ END OF DOCUMENTATION ------------------------------------------------------------------------------------
Indicador Pine Script®
por meddymarkusvanhala
4
Fair Value MTF [Plazo Sullivan Roche Capital]Unlock a New Edge in Market Timing with the Multi-Timeframe VWAP Indicator! Transform your trading strategy with our cutting-edge TradingView indicator that brings the power of VWAP to multiple timeframes—all at your fingertips. Designed with the savvy trader in mind, this indicator gives you the clarity to see when prices stray from fair market value: Seize the Opportunity: When prices rise above the VWAP, it signals that the market is overvalued. This is your cue for a high-probability shorting opportunity, capitalizing on moments when excesses are primed for a pullback. Find Your Bargain: When prices fall below the VWAP, the market is signaling undervaluation—a perfect setup for a buying entry. Trade with Confidence: By aligning your trades with the prevailing weekly trend, this tool isn’t about random entries—it’s about smart, trend-confirmed retests at the VWAP. Ensure every trade is set against the direction of the broader market trend for optimized results. Whether you’re a day trader looking for intraday signals or a swing trader aligning with the weekly momentum, our indicator streamlines your analysis and sharpens your decision-making. Elevate your trading and tap into a system built for precision and performance. Step into a new era of market analysis—where every retest is a potential win! User Manual 1. Introduction The Multi-Timeframe VWAP Indicator is engineered to help you interpret market sentiment and spot key entry signals by displaying customizable VWAPs from various timeframes. By highlighting moments when the price diverges from its fair value, this tool provides actionable insights to short overvalued markets and buy undervalued opportunities. Always use in conjunction with your overall market analysis and risk management protocols. 2. Understanding VWAP Basics What is VWAP? The Volume Weighted Average Price (VWAP) represents the average price a security has traded at throughout the day, based on both volume and price. It’s widely regarded as a benchmark for fair value. How It Works: Price Above VWAP: Indicates the security is trading at a premium—often a sign to consider short positions if confirmed by the weekly trend. Price Below VWAP: Suggests the security is trading at a discount—an ideal signal for initiating a long or buying position. Multi-Timeframe Advantage: The indicator allows you to select VWAPs across different timeframes, offering a dynamic view that lets you align trades with the main weekly trend and pinpoint retest opportunities. 3. Installation and Setup A. Installation Steps Access TradingView: Log in to your TradingView account. Add the Indicator: Open the “Indicators” menu on your chart. Select “Add Script” and paste the provided code or locate the indicator by name if published publicly. Apply the indicator to your chart. Customizing Display Settings: Select Timeframes: Choose which timeframe VWAPs you want displayed (e.g., intraday, daily, weekly). Adjust Appearance: Customize line colors, thickness, and opacity through the indicator’s settings panel to match your chart style. Set Alerts (Optional): Configure alerts when price crosses above or below a VWAP, ensuring you never miss a signal. B. Initial Configuration Tips Double-check that the indicator is plotting on your desired timeframes. Familiarize yourself with the input parameters to adjust the VWAP calculations if necessary (e.g., session start/end times). 4. How to Use the Indicator A. Interpreting Signals Overvalued (Short Setup): When the price moves above a selected VWAP, it indicates that the market may be overbought. Look for additional confirmation (such as alignment with the main weekly trend) before taking a short position. Example: Price surges above the daily VWAP while the weekly trend remains bearish. This convergence signals that a pullback is likely. Undervalued (Buy Setup): Conversely, when the price is below the VWAP, the market is signifying a discount. This is your cue to look for buying opportunities. Example: A dip below the daily VWAP in an overall bullish weekly trend can present a prime entry as the market is expected to recover. Retest Strategy: The most robust trades occur when price retests the VWAP in the direction of the main weekly trend. Wait for a price retest of the VWAP level as confirmation. Confirm that the retest aligns with the broader trend before entering the trade. B. Practical Steps When Trading Confirm the Trend: Use other trend indicators or price action analysis to confirm the weekly market direction. Monitor Price Action: Observe how the price interacts with the VWAP lines. A strong retest provides confidence in your trade decision. Execute and Manage Trades: Enter a position when the price retests the VWAP and aligns with the trend. Set stops just beyond the VWAP line to protect against unexpected volatility. Consider profit-taking levels based on key support/resistance zones. 5. Advanced Features and Tips Multi-Timeframe Analysis: Use the indicator’s flexibility to view VWAP levels across different timeframes. This can enhance your analysis by revealing short-term versus long-term divergences. Integrate with Other Tools: Combine the VWAP Indicator with other technical indicators—such as moving averages or oscillators—to build a robust trading system. Alert System: Customize alerts for VWAP cross events. This ensures you’re immediately notified when price conditions meet your criteria. Paper Trade First: Before committing real capital, test your strategy using paper trading or a demo account. This helps ensure that your setups match your risk tolerance and trading style. 6. FAQs and Troubleshooting Q: Why aren’t my VWAP lines showing properly? A: Double-check your indicator’s settings and ensure that the selected timeframes are correctly configured in your chart’s interval. Q: Can I change the VWAP calculation period? A: Yes, some versions of the indicator offer adjustable parameters for the calculation period. Refer to the settings panel for customization options. Q: What if I receive conflicting signals from different timeframes? A: Focus on the main weekly trend for confirmation. Use shorter timeframe signals as entries once the overall trend aligns. 7. Disclaimer & Risk Management Trading involves risk and is not suitable for every investor. This indicator is a tool to aid in your technical analysis and should be used in conjunction with sound risk management practices. Past performance is not indicative of future results. Always conduct your own research before making any trading decisions. We recommend testing the indicator in simulation mode prior to live trading. 8. Support & Further Assistance For additional help with installation, troubleshooting, or strategy optimization, please contact our support team at Plazo Sullivan Roche Capital. We're committed to ensuring you get the most out of your Multi-Timeframe VWAP Indicator.
Indicador Pine Script®
por PlazoSullivanRocheCapital
1
Multi-Timeframe Liquidity Zones V6 (Table)Multi-Timeframe Liquidity Zones V6 (Table) Indicator: Functionality and Uses Overview: The Multi-Timeframe Liquidity Zones V6 (Table) indicator is a technical analysis tool that highlights key volume-based support and resistance levels across multiple timeframes. It leverages volume profile concepts – specifically the Point of Control (POC) and Value Area High/Low (VAH/VAL) – to identify “liquidity zones” where trading activity was heaviest . Unlike a standard single-timeframe volume profile, this indicator compiles data from several timeframes (e.g. monthly, weekly, daily, intraday) and displays the results in a convenient table format on the chart. The goal is to give traders a consolidated view of important price levels (derived from volume concentrations) across different horizons, helping them plan trades with a broader market perspective. Purpose and Functionality of the Indicator Multi-Timeframe Analysis: The primary objective of this indicator is to simplify multi-timeframe analysis of volume distribution. Rather than manually checking volume profiles on separate charts for each timeframe, the tool automatically calculates the key levels for each selected timeframe and presents them together. This includes higher-level perspectives (like monthly or weekly volume hotspots) alongside shorter-term levels (daily or hourly), ensuring that traders don’t miss significant zones from any timeframe . By offering a broader perspective on support and resistance levels, multi-timeframe tools help improve risk management and signal confirmation , and this indicator is designed to provide that volume-based perspective at a glance. Table Format Display: Multi-Timeframe Liquidity Zones V6 (Table) specifically presents the information as a table (as opposed to plotting lines on the chart). Each row in the table typically corresponds to a timeframe (for example, Monthly, Weekly, Daily, 4H, 1H, 30M, 15M), and the columns list the calculated POC, VAH, VAL, and possibly the average volume for that timeframe’s look-back period. By structuring the data in a table, traders can quickly read off the exact price levels of these liquidity zones without having to visually trace lines. This format makes it easy to compare levels across timeframes or note where multiple timeframes’ levels cluster near the same price – a sign of especially strong support/resistance. The indicator uses a user-defined number of bars or length of history for each timeframe to calculate these values (so you can adjust how far back it looks to define the volume profile for each period). Objective: In summary, the functionality is geared toward identifying high-liquidity price zones across multiple time scales and presenting them clearly. These high-liquidity zones often coincide with areas where price reacts (stalls, reverses, or accelerates) because a lot of trading activity (hence, orders and volume) took place there in the past. The indicator’s objective is to alert the trader to those areas in advance. It effectively answers questions like: “Where are the major volume concentration levels on the 1-hour, daily, and weekly charts right now?” and “Are there overlapping volume-based support/resistance levels from different timeframes around the current price?” By compiling this information, the indicator helps traders incorporate context from multiple timeframes in their decision-making, without needing to flip through numerous charts. Identifying Liquidity Zones with POC, VAH, and VAL Liquidity Zones Defined: In market terms, a “liquidity zone” is an area of the chart where a significant amount of trading occurred, meaning high liquidity (many buyers and sellers exchanged volume there). These zones often act as support or resistance because past heavy trading indicates consensus or interest around those price levels. This indicator identifies liquidity zones through volume profile analysis on each timeframe’s recent price action. Essentially, it looks at the distribution of trading volume at different prices over the specified period and finds the value area – the range of prices that encompassed the majority of that volume (commonly around 70% of the total volume ). Within that value area, it pinpoints the Point of Control (POC), which is the single price level that had the highest traded volume (the peak of the volume profile) . The upper and lower boundaries of that high-volume range are marked as Value Area High (VAH) and Value Area Low (VAL) respectively . Together, the VAH and VAL define the liquidity zone where the market spent most of its time and volume, and POC highlights the most traded price in that zone. • Point of Control (POC): The POC is the price level with the greatest volume traded for the given period. It represents the price at which the most liquidity was exchanged – effectively the market’s “center of gravity” for that timeframe’s trading activity . The indicator calculates the POC for each selected timeframe by scanning the volume at each price; the price with maximum volume is flagged as that timeframe’s POC. In the table, the POC might be highlighted or listed as a key level (sometimes traders color-code it or mark it for emphasis). Because so many positions were opened or closed at the POC, it often serves as a strong support/resistance. For example, if price falls to a major POC from above, traders expect buyers may step in there (since it was a popular buy/sell level historically), potentially causing a bounce. Conversely, if price breaks through a POC decisively, it may signal a significant shift in market acceptance. • Value Area High (VAH) and Low (VAL): The VAH and VAL are the price boundaries of the value area, which is typically defined to contain about 70% of the total traded volume for the period . In other words, between VAH and VAL is where the “bulk” of trading occurred, and outside this range is where relatively less volume traded. The indicator derives VAH/VAL by accumulating volume from the highest-volume price (POC) outward until ~70% of volume is covered (this is a common method for volume profile value area). VAH is the top of this high-volume region and VAL is the bottom. These levels are important because they often act like support/resistance boundaries: when price is inside the value area, it’s in a high-liquidity zone and tends to oscillate between VAH and VAL; when price moves above VAH or below VAL, it’s leaving the high-volume zone, which can indicate a potential trend or imbalance (price entering a lower-liquidity area where it might move faster until finding the next liquidity zone). Traders watch VAH/VAL for signs of rejection or acceptance: for instance, a price rally that falters at VAH suggests that level is acting as resistance (sellers defending that high-volume area), whereas if price pushes above VAH, it may continue until the next timeframe’s zone or until it finds new interest. The Multi-Timeframe Liquidity Zones V6 indicator gives the VAH and VAL for each timeframe, essentially mapping out the upper and lower bounds of key liquidity zones at those scales. How the Indicator Identifies These: Under the hood, the indicator likely uses historical price and volume data for each timeframe’s lookback window. For each timeframe (say the last 20 weekly bars for a weekly profile, last 100 daily bars for a daily profile, etc.), it constructs a volume profile (a histogram of volume at each price). From that distribution, it finds the POC (highest volume bin) and calculates VAH/VAL around it. The output is a set of numbers (price levels) that mark where those zones lie. In practice, if using the Lines version of this indicator, those levels are drawn as horizontal lines on the chart and labeled by timeframe (e.g., a line at 1.2345 labeled “D POC” for Daily POC) . In the Table version, those values are instead listed in text form. Either way, the identification process is the same – it’s finding the high-volume price regions on each timeframe and calling them out. By doing this for multiple timeframes concurrently, the indicator reveals how these liquidity zones from different periods relate to each other. For example, you might discover that a daily-chart value area overlaps with a weekly-chart POC, creating a particularly strong zone of interest. This kind of insight is hard to get from a single timeframe analysis alone. Volume Profile Data Across Multiple Timeframes Multiple Timeframes in One View: One of the biggest advantages of this indicator is the ability to see volume profile information from various timeframes side by side. Traders often perform multiple timeframe analysis to get a fuller picture — for instance, checking monthly or weekly levels for long-term context while planning a trade on a 4-hour chart. This indicator automates that process for volume-based levels. The table will typically list each chosen timeframe (which could be preset or user-selected). For each timeframe, you get the POC, VAH, VAL, and possibly an average volume metric. The “average volume” likely refers to the average volume per bar or the average volume traded over the profile’s duration for that timeframe, which gives a sense of how significant that period’s activity is. For example, a weekly profile might show an average volume of say 500k per week, versus a daily profile average of 80k per day – indicating the scale of trading on weekly vs daily. High average volume on a timeframe means its liquidity zones were formed with a lot of participation, possibly making them more reliable support/resistance. By comparing these, traders can gauge which timeframes had unusually high or low activity recently. The table format makes such comparisons straightforward. Identification of Confluence: Because all the data is presented together, traders can quickly spot confluence or overlaps between timeframes. If two different timeframes show liquidity zones at similar price levels, that price becomes extremely noteworthy. For instance, suppose the indicator shows: a 1-hour POC at 1.1300, a 4-hour VAL at 1.1280, and a daily VAL at 1.1290. These are all in a tight range – effectively indicating a multi-timeframe liquidity zone around 1.1280–1.1300. A trader seeing this cluster in the table will recognize that as a strong support area, since multiple profiles from intraday to daily all suggest heavy trading interest there. Similarly, overlaps of VAH (resistance zone) from different timeframes could signal a strong ceiling. The multi-timeframe view prevents a trader from, say, going long into a major weekly POC above, or shorting when there’s a huge monthly value-area low just below – situations where awareness of higher timeframe volume structure can make the difference between a good and bad trade. User Customization: The indicator is flexible in that you can typically adjust which timeframes to include and how many bars to use for each timeframe’s calculation. For example, one might configure it to calculate monthly levels using the past 12 monthly bars (1 year of data), weekly levels using the past 20 weeks, daily using 100 days, etc., depending on preference. By tuning the “bars count” or period length , the trader can focus on recent liquidity zones or incorporate more history if desired. Shorter lookback might catch more recent shifts in volume distribution (important if the market structure changed recently), while longer lookback gives more established levels. This customization ensures the indicator’s output can be tailored to different trading styles (short-term vs swing vs long-term investing). Regardless of settings, the multi-timeframe table allows simultaneous visibility of the chosen timeframes’ volume landscape. This comprehensive view is the core strength: it consolidates data that normally requires flipping through multiple charts. Using the Liquidity Zones Data for Trading Decisions Traders can use the information from the MTF Liquidity Zones V6 (Table) indicator in several practical ways to enhance their decision-making: • Identify Support and Resistance: Each liquidity zone acts as a potential support or resistance area. For example, if the table shows a daily VAH at a certain level above the current price, that level might serve as resistance if the price rallies up to it (since it marks the top of a high-volume region where sellers might step in). Conversely, a weekly VAL below current price could act as support on a dip. By noting these levels in the table, a trader planning an entry or exit can anticipate where the price might stall or reverse. Essentially, you get a map of high-interest price levels from different timeframes, which you can mark on your trading chart for guidance. • Plan Entries and Exits Around Key Levels: Many traders incorporate volume profile levels into their strategies, for instance: buying near VAL (betting that the value area will hold and price will revert upward), or selling/shorting near VAH (expecting the top of value to hold as resistance), or trading breakouts when price moves outside the value area. With the multi-timeframe table, one can refine these tactics by also considering higher timeframe levels. Suppose you see that on the 1-hour chart the price is just above its 1H POC, but the table indicates that just slightly above, there’s also the daily POC. You might delay a long entry until price clears that daily POC, because that could be a stronger intraday barrier. Or if you intend to take profit on a long trade, you might choose a target just below a weekly VAH since price may struggle to climb past that on the first attempt. The indicator thus acts as a guide for precision in entry/exit decisions, aligning them with where liquidity is high. • Gauge Trend Strength and Directional Bias: By observing where current price is relative to these volume zones, traders can infer certain market conditions. For instance, if price is trading above the VAH of multiple timeframes’ value areas, it suggests the market is in a more bullish or overextended territory (price accepted above prior value), whereas if price is below multiple VALs, it’s in bearish or undervalued territory relative to recent history. If the price stays around a POC, it indicates consolidation or equilibrium (market comfortable at that price). Traders can use this context for bias – e.g., if price is above the weekly VAH, you might lean bullish but watch for potential pullbacks to that VAH level (now a support). If price is below the monthly VAL, you might avoid longs until it re-enters that value area. In essence, the liquidity zones provide context of value vs. price: is price trading within the high-volume areas (implying range-bound behavior) or outside them (implying a breakout or trending move)? This can prevent chasing trades at poor locations. • Combine with Other Indicators/Analysis: It’s generally advised to not use any single indicator in isolation, and this holds true here. The liquidity zones from this indicator are best used alongside price action or other technical signals for confirmation . For example, if a bullish candlestick reversal pattern forms right at a confluence of a 4H VAL and Daily POC, that’s a stronger buy signal than the pattern alone. Or if an oscillator shows overbought exactly as price hits a weekly VAH, it adds conviction to a possible short. The indicator’s table basically gives you a shortlist of critical price levels; you can then watch how price behaves at those levels (via candlesticks, order flow, etc.) to make the final trade decision. Traders might set alerts for when price approaches one of the listed levels, or they might drop down to a lower timeframe to fine-tune an entry once a key zone is reached. By integrating this volume-based insight with trend analysis, chart patterns, or momentum indicators, one can make more informed and high-probability decisions rather than trading in the dark. • Risk Management and Stop Placement: High-liquidity zones can also inform stop-loss placement. Ideally, you want your stop on the other side of a strong support/resistance. If you go long near a VAL, you might place your stop just below the VAL (since a move beyond that suggests the high-volume zone didn’t hold). If you short near a VAH, a stop just above the VAH or POC could be logical. Moreover, if multiple timeframes show overlapping zones, a stop beyond all of them could be even safer (albeit at the cost of a wider stop). The indicator helps identify those spots. It also warns you of where not to put a stop – for example, placing a stop-loss right at a POC might be unwise because price could gravitate to that POC repeatedly (due to its magnetic effect as a high-volume price). Instead, a trader might choose a stop beyond the far side of the value area. By using the table’s information, you can align your risk management with areas of high liquidity, reducing the chance of being whipsawed by normal volatility around heavily traded levels . Benefits of the Multi-Timeframe Liquidity Zones Indicator Using the Multi-Timeframe Liquidity Zones V6 (Table) indicator offers several key benefits for traders, ultimately aiming to streamline analysis and improve decision quality: • Consolidated Key Levels: It provides a clear, consolidated view of crucial volume-driven levels from multiple timeframes all at once . This saves time and ensures you always account for major support/resistance zones that come from higher or lower timeframe volume clusters. You won’t accidentally overlook a significant weekly level while focused on a 15-minute chart, for example. • Enhanced Multi-Timeframe Insight: By aligning information from long-term and short-term periods, the indicator helps traders see the “bigger picture” while still operating on their preferred timeframe. This multi-scale awareness can improve trade timing and confidence. You’re effectively doing multi-timeframe analysis with volume profiles in an efficient manner, which can confirm or caution your trade ideas (e.g., a trend looks strong on the 1H, but the table shows a huge monthly VAH just overhead – a reason to be cautious or take profit early). • Improved Decision Making and Precision: Knowing where liquidity zones lie allows for more precise entries, exits, and stop placements. Traders can make informed decisions such as waiting for a pullback to a value area before entering, or taking profits before price hits a major POC from a higher timeframe. These decisions are grounded in objectively important price levels, potentially leading to higher probability trades and better risk-reward setups. It essentially enhances your strategy by adding a layer of volume context – you’re trading with an awareness of where the market’s interest is heaviest. • Volume-Based Confirmation: Price alone can sometimes be deceptive, but volume tells the true story of participation. The liquidity zones indicator provides volume-based confirmation of support/resistance. If a price level is identified by this tool, it’s because significant volume happened there – adding weight to that level’s importance. This can help filter out false support/resistance levels that aren’t backed by volume. In other words, it highlights high-quality levels that many traders (and possibly institutions) have shown interest in. • Adaptable to Different Trading Styles: Whether one is a scalper looking at intraday (15M, 5M charts) or a swing trader focusing on daily/weekly, the indicator can be configured to those needs. You choose which timeframes and how much data to consider. This means the concept of liquidity zones can be applied universally – from spotting intraday pivot levels with volume, to seeing long-term value zones on an investment. The consistent methodology of POC/VAH/VAL across scales provides a common framework to analyze any market and timeframe. • Informed Risk Management: As discussed, the knowledge of multi-timeframe volume zones aids in risk management. By placing stops beyond major liquidity areas or avoiding trades that run into strong volume walls, traders can reduce the likelihood of whipsaw losses. It’s an extra layer of defense to ensure your trade plan accounts for where the market has historically found lots of interest (hence likely friction). This level of informed planning can be the difference between a well-managed trade and an avoidable loss. In conclusion, the Multi-Timeframe Liquidity Zones V6 (Table) indicator serves as a powerful analytical aid, giving traders a structured view of where price is likely to encounter support or resistance based on volume concentrations across timeframes. Its functionality centers on identifying those liquidity zones (via POC, VAH, VAL) and presenting them in an easy-to-read format, while its ultimate purpose is to help traders make more informed decisions. By integrating this tool into their workflow, traders can more confidently navigate price action, knowing the objective volume-based landmarks that lie ahead. Remember that while these volume levels often coincide with strong S/R zones, it’s best to use them in conjunction with other technical or fundamental analysis for confirmation . When used appropriately, the indicator can streamline multi-timeframe analysis and enhance your overall trading strategy , giving you an edge in identifying where the market’s liquidity (and opportunity) resides.
Indicador Pine Script®
por a3d796g67gyuvhg
[volfgang] Pivot Levels (Open, Close, High, Low)This script provides a clear and consistent way to track key price levels from Weekly and Daily bars, directly on your current chart interval. The default colours are; Today & This Week Open = White Yesterday & Previous Week Open = Cream Yesterday's High = Red Yesterday's Low = Green Weekly Pivots are 2px, and Daily Pivots are 1px. Instead of requiring manual referencing of daily or weekly charts, these significant levels are automatically drawn and updated in real time, extending to the right as new bars form. It adds value by helping traders quickly identify potential support/resistance zones and compare intraday price action with higher-timeframe pivots. This approach can aid in scalping, day trading, or swing trading strategies that rely on past price levels for trade entries, exits, or stop loss placement. Daily Pivots Displayed Intraday The script imports the previous day’s High, Low, Open, and Close and draws lines on the current chart, so you can see exactly where those levels lie on any intraday timeframe. You can easily change the colour of these lines in the menu. Instead of switching between multiple charts for daily references, you can keep an intraday chart open and still watch how price behaves around these important daily pivots. Weekly Pivots for Broader Context In addition to daily levels, it also shows the previous week’s Open and Close. This feature helps traders who want to maintain a broader perspective and gauge the market’s weekly trend or bias while remaining on lower timeframes. Automatic Line & Label Management Each new trading day triggers a “session change” in the code, prompting the script to delete old lines and labels for daily levels. This keeps your chart from getting cluttered with outdated lines. Weekly lines and labels follow the same approach, ensuring only the most recent weekly levels are highlighted. Real-Time Extension Lines are continuously extended to the right as new bars print, ensuring that you always have an updated view of your key price levels without any manual adjustments. On the last bar, the script shifts to a time-based coordinate system for seamless visual extension. Minimal Recalculation This script uses security() calls in a carefully optimized way to reduce unnecessary recalculations and avoid repaint issues. By referencing open , close , etc., the lines remain fixed once the daily (or weekly) candle is confirmed. Flexible Usage You can apply this script to any symbol on TradingView. It’s especially beneficial for Forex pairs, indices, futures, or cryptocurrencies where you want to track significant past levels. If you’re a scalper looking for areas of likely reaction, or a swing trader watching weekly opens for trend confirmation, these levels can be integral to your technical approach. How to Use Add to Chart: Click the “Add to Favorite Indicators” or “Apply to Chart” button once published. Enable or Disable Previous Day Bars: Use the script’s input to toggle the display of previous day’s High, Low, Open, and Close lines if you only want weekly lines (or vice versa). Customize Visuals: You can change line colors, width, and label text in the “Style” or “Inputs” tab. Adjust them to fit your preferred color scheme. Interpretation: Daily levels typically carry relevance for the next trading session. They can be used for intraday support/resistance, breakout checks, or gap fills. Weekly levels help identify more prominent zones for bigger moves or for understanding overall sentiment from the prior week. Conceptual Underpinnings Support/Resistance: Past opens/closes often act as support or resistance because they represent important points of reference (where trading started or ended during a prior session). Market Psychology: Many traders watch daily or weekly closes to gauge momentum and bias, which can become self-fulfilling as more participants join around those levels. Improved Situational Awareness: By having these levels automatically drawn and updated, traders avoid missing critical areas where price may pivot. This script is intentionally open-source to help traders study and personalize it. By merging daily and weekly pivot concepts in a single script, it provides a convenient and efficient tool—rather than a simple mashup, it unifies two timeframes that are crucial in short-term and medium-term trading decisions. Remember that these levels alone do not constitute a complete trading system; they are best used as part of a broader strategy involving risk management, additional technical signals, and market context.
Indicador Pine Script®
por Volfgang
Historical High/Lows Statistical Analysis(More Timeframe interval options coming in the future) Indicator Description The Hourly and Weekly High/Low (H/L) Analysis indicator provides a powerful tool for tracking the most frequent high and low points during different periods, specifically on an hourly basis and a weekly basis, broken down by the days of the week (DOTW). This indicator is particularly useful for traders seeking to understand historical behavior and patterns of high/low occurrences across both hourly intervals and weekly days, helping them make more informed decisions based on historical data. With its customizable options, this indicator is versatile and applicable to a variety of trading strategies, ranging from intraday to swing trading. It is designed to meet the needs of both novice and experienced traders. Key Features Hourly High/Low Analysis: Tracks and displays the frequency of hourly high and low occurrences across a user-defined date range. Enables traders to identify which hours of the day are historically more likely to set highs or lows, offering valuable insights into intraday price action. Customizable options for: Hourly session start and end times. 22-hour session support for futures traders. Hourly label formatting (e.g., 12-hour or 24-hour format). Table position, size, and design flexibility. Weekly High/Low Analysis by Day of the Week (DOTW): Captures weekly high and low occurrences for each day of the week. Allows traders to evaluate which days are most likely to produce highs or lows during the week, providing insights into weekly price movement tendencies. Displays the aggregated counts of highs and lows for each day in a clean, customizable table format. Options for hiding specific days (e.g., weekends) and customizing table appearance. User-Friendly Table Display: Both hourly and weekly data are displayed in separate tables, ensuring clarity and non-interference. Tables can be positioned on the chart according to user preferences and are designed to be visually appealing yet highly informative. Customizable Date Range: Users can specify a start and end date for the analysis, allowing them to focus on specific periods of interest. Possible Uses Intraday Traders (Hourly Analysis): Analyze hourly price action to determine which hours are more likely to produce highs or lows. Identify intraday trading opportunities during statistically significant time intervals. Use hourly insights to time entries and exits more effectively. Swing Traders (Weekly DOTW Analysis): Evaluate weekly price patterns by identifying which days of the week are more likely to set highs or lows. Plan trades around days that historically exhibit strong movements or price reversals. Futures and Forex Traders: Use the 22-hour session feature to exclude the CME break or other session-specific gaps from analysis. Combine hourly and DOTW insights to optimize strategies for continuous markets. Data-Driven Trading Strategies: Use historical high/low data to test and refine trading strategies. Quantify market tendencies and evaluate whether observed patterns align with your strategy's assumptions. How the Indicator Works Hourly H/L Analysis: The indicator calculates the highest and lowest prices for each hour in the specified date range. Each hourly high and low occurrence is recorded and aggregated into a table, with counts displayed for all 24 hours. Users can toggle the visibility of empty cells (hours with no high/low occurrences) and adjust the table's design to suit their preferences. Supports both 12-hour (AM/PM) and 24-hour formats. Weekly H/L DOTW Analysis: The indicator tracks the highest and lowest prices for each day of the week during the user-specified date range. Highs and lows are identified for the entire week, and the specific days when they occur are recorded. Counts for each day are aggregated and displayed in a table, with a "Totals" column summarizing the overall occurrences. The analysis resets weekly, ensuring accurate tracking of high/low days. Code Breakdown: Data Aggregation: The script uses arrays to store counts of high/low occurrences for both hourly and weekly intervals. Daily data is fetched using the request.security() function, ensuring consistent results regardless of the chart's timeframe. Weekly Reset Mechanism: Weekly high/low values are reset at the start of a new week (Monday) to ensure accurate weekly tracking. A processing flag ensures that weekly data is counted only once at the end of the week (Sunday). Table Visualization: Tables are created using the table.new() function, with customizable styles and positions. Header rows, data rows, and totals are dynamically populated based on the aggregated data. User Inputs: Customization options include text colors, background colors, table positioning, label formatting, and date ranges. Code Explanation The script is structured into two main sections: Hourly H/L Analysis: This section captures and aggregates high/low occurrences for each hour of the day. The logic is session-aware, allowing users to define custom session times (e.g., 22-hour futures sessions). Data is displayed in a clean table format with hourly labels. Weekly H/L DOTW Analysis: This section tracks weekly highs and lows by day of the week. Highs and lows are identified for each week, and counts are updated only once per week to prevent duplication. A user-friendly table displays the counts for each day of the week, along with totals. Both sections are completely independent of each other to avoid interference. This ensures that enabling or disabling one section does not impact the functionality of the other. Customization Options For Hourly Analysis: Toggle hourly table visibility. Choose session start and end times. Select hourly label format (12-hour or 24-hour). Customize table appearance (colors, position, text size). For Weekly DOTW Analysis: Toggle DOTW table visibility. Choose which days to include (e.g., hide weekends). Customize table appearance (colors, position, text size). Select values format (percentages or occurrences). Conclusion The Hourly and Weekly H/L Analysis indicator is a versatile tool designed to empower traders with data-driven insights into intraday and weekly market tendencies. Its highly customizable design ensures compatibility with various trading styles and instruments, making it an essential addition to any trader's toolkit. With its focus on accuracy, clarity, and customization, this indicator adheres to TradingView's guidelines, ensuring a robust and valuable user experience.
Indicador Pine Script®
por SpxGh0st
1