OPEN-SOURCE SCRIPT
fvg+support and ristence + ema
Indicator Description: EMA with OB, FVG, Alerts, and Support/Resistance
This script combines multiple technical analysis tools into a single indicator to provide traders with enhanced market insights. Here's what it offers:
Features:
Exponential Moving Averages (EMAs):
Supports dynamic input lengths for EMA 20, EMA 50, EMA 100, and EMA 200.
Plots EMAs on the chart with distinct colors for quick visualization of trends.
Order Block (OB) Identification:
Automatically detects bullish and bearish order blocks based on user-defined parameters, including periods and threshold percentage.
Provides visual markers (triangle shapes) to highlight significant order blocks on the chart.
Offers flexibility to use candle bodies or wicks for OB calculations.
Fair Value Gap (FVG) Detection:
Identifies "UP" and "DOWN" fair value gaps with customizable lookback periods.
Plots boxes and lines to highlight gaps, with optional midpoint (CE) lines for added precision.
Configurable colors, styles, and behavior for filled gap management.
Support and Resistance:
Automatically detects pivot highs and lows to plot dynamic support and resistance levels.
Highlights potential reversal zones for better decision-making.
Alerts:
The indicator is equipped with built-in alerts to notify users of significant events, such as order block formations or FVG appearances.
Use Cases:
Trend Analysis: Use EMAs to identify the current market trend and potential crossover opportunities.
Order Flow Insights: Recognize critical order blocks where institutional traders may enter or exit.
Gap Trading: Spot fair value gaps to understand price inefficiencies and potential filling zones.
Reversal Zones: Leverage support and resistance levels to anticipate market turning points.
This script combines multiple technical analysis tools into a single indicator to provide traders with enhanced market insights. Here's what it offers:
Features:
Exponential Moving Averages (EMAs):
Supports dynamic input lengths for EMA 20, EMA 50, EMA 100, and EMA 200.
Plots EMAs on the chart with distinct colors for quick visualization of trends.
Order Block (OB) Identification:
Automatically detects bullish and bearish order blocks based on user-defined parameters, including periods and threshold percentage.
Provides visual markers (triangle shapes) to highlight significant order blocks on the chart.
Offers flexibility to use candle bodies or wicks for OB calculations.
Fair Value Gap (FVG) Detection:
Identifies "UP" and "DOWN" fair value gaps with customizable lookback periods.
Plots boxes and lines to highlight gaps, with optional midpoint (CE) lines for added precision.
Configurable colors, styles, and behavior for filled gap management.
Support and Resistance:
Automatically detects pivot highs and lows to plot dynamic support and resistance levels.
Highlights potential reversal zones for better decision-making.
Alerts:
The indicator is equipped with built-in alerts to notify users of significant events, such as order block formations or FVG appearances.
Use Cases:
Trend Analysis: Use EMAs to identify the current market trend and potential crossover opportunities.
Order Flow Insights: Recognize critical order blocks where institutional traders may enter or exit.
Gap Trading: Spot fair value gaps to understand price inefficiencies and potential filling zones.
Reversal Zones: Leverage support and resistance levels to anticipate market turning points.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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