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Candlestick analysis

Liquidity Sweep by NKLiquidity Sweep (OC-Based) + Doji Acceptance 🔹 Designed for 4H Crypto Trading This indicator highlights high-probability liquidity sweep candles using a body-based comparison (Open/Close) rather than traditional high/low sweeps, making it cleaner and more reliable in volatile crypto markets. It is specifically optimized for the 4-hour timeframe, where each day consists of 6 candles, allowing clear identification of institutional stop-hunts and failed breakouts. --- 🔍 Core Concept Liquidity is often taken above recent candle bodies (opens & closes) rather than just wicks. This script detects those events and confirms them using candle structure, wick dominance, and doji behavior. The indicator marks candles where: * Liquidity is swept * Price is rejected * Directional intent is visible --- 🔴 Bearish Liquidity Sweep (Sell Signal) A candle is highlighted as bearish when ALL of the following conditions are met: 1️⃣ Liquidity Sweep (Body-Based) * Current candle HIGH is greater than ALL * Opens of the last X candles * Closes of the last X candles (Wicks of previous candles are ignored to reduce noise) 2️⃣ Wick Dominance * Upper wick > Lower wick 3️⃣ Rejection Confirmation (ANY ONE) * Candle closes red, OR * Candle is a Gravestone-type Doji, defined as: * Very small candle body * Strong upper wick * Body color is irrelevant --- 🟢 Bullish Liquidity Sweep (Buy Signal) A candle is highlighted as bullish when ALL of the following conditions are met: 1️⃣ Liquidity Sweep (Body-Based) * Current candle LOW is lower than ALL * Opens of the last X candles * Closes of the last X candles 2️⃣ Wick Dominance * Lower wick > Upper wick 3️⃣ Rejection Confirmation (ANY ONE) * Candle closes green, OR * Candle is a Dragonfly-type Doji, defined as: * Very small candle body * Strong lower wick * Body color is irrelevant --- ## ⚙️ Inputs * Liquidity Lookback (X candles) Number of previous candles used to define the liquidity range. * Doji Body % of Candle Range Controls how small the candle body must be to qualify as a doji. --- 🎨 Visuals * 🔴 Red candle + down arrow → Bearish liquidity sweep * 🟢 Green candle + up arrow → Bullish liquidity sweep * Indicator is plotted directly on price --- ✅ Key Features * Uses Open & Close levels instead of highs/lows * Filters weak signals using wick dominance * Accepts both body-based and doji-based rejections * No repainting * Works on all markets, optimized for crypto * Best used at: * Range highs & lows * Previous day high / low * Consolidation extremes --- ❌ What This Indicator Does NOT Do * No trend bias * No RSI / EMA / CPR filters * No session-based filtering * No multi-timeframe logic * No entry/exit automation
Pine Script® indicator
by NKR1996
CK INDEX Strategy Open-source code, Free, No Cost.Aqui está a tradução fiel e técnica para o inglês, ideal para a descrição do seu script no TradingView: ### 1. Requirements (The 3 Principles) 1. **Study** the code. 2. **Modify** the code. 3. **Distribute** copies or derivative versions (respecting the original credits). Description: Direction and Strength — CK Index The **CK Index** is a composite indicator formed by the conceptual sum of two CCIs and the PVT (Price Volume Trend) with an arithmetic mean. Its function is to simultaneously validate direction and accumulated flow. For a **buy operation**, both CCIs must be above zero, indicating bullish dominance across different time horizons, and the PVT must be above its average. For a **sell operation**, the CCIs must be below zero and the PVT below its average. It is important to emphasize that it acts as an **entry trigger**: the candle will turn **blue** to indicate a buy, **yellow** for a sell, and **white** when there is neutrality (meaning the color will be white when there is no clear definition—these are my personal settings). In its default form, it uses **green, red, and gray**, respectively. Good trades, and make the world a better and freer place!
Pine Script® strategy
by musashibruno
Anurag - Balanced 0DTE Scalper QQQ SPYBalanced 0DTE Scalper is a professional-grade execution system designed specifically for the high-velocity world of 0DTE (Zero Days to Expiration) options trading on indices like SPY, QQQ, and IWM. Unlike standard indicators that repaint or lag, this system uses Non-Repainting Multi-Timeframe Logic to align the institutional trend (15m) with precision entry triggers (5m). It is engineered to solve the two biggest killers of 0DTE traders: Theta Decay (holding too long) and Choppy Markets (trading without trend). How It Works 1. The "Safety Belt" (15-Minute Trend Filter) Before any trade is taken, the system checks the confirmed 15-minute Trend and ADX (Strength). No Repainting: It strictly uses the previous closed 15m bar to determine bias. Once a signal prints, it stays printed. Regime Detection: It automatically blocks trades during low-volume "chop" (Low ADX) to save you from theta burn. 2. Precision Entry Triggers (5-Minute) Once the 15m trend gives the "Green Light," the system hunts for 5m setups using a confluence of: EMA Crossovers: For immediate momentum. VWAP Filter: Ensuring you are on the right side of institutional volume. RSI Check: To avoid buying tops or selling bottoms. 3. Aggressive Risk Management (The "Profit Locker") 0DTE profits can vanish in seconds. This script manages the trade for you visually: Dynamic Trailing Stop: Trails price based on candle Highs/Lows (not closes), allowing it to lock in profits at the peak of a spike. Time Stop: If a trade stalls for 60 minutes (12 bars), the system triggers a "Time Exit." In 0DTE, time is money—if it's not working, get out. Visual Levels: Automatically draws your Stop Loss, Target 1 (Conservative), and Target 2 (Runner) lines on the chart. Features & Dashboard Live Dashboard: Monitors Trend Bias, ADX Strength, RSI, and Open PnL in real-time. On-Chart Tickets: Prints a "CALL OPEN" or "PUT OPEN" label with the exact Entry Price, Stop Loss, and Strike Suggestion. Session Filters: Automatically avoids the first 10 minutes (Open Volatility) and the last 15 minutes (Close Chaos). Settings Guide Risk Mode: Balanced (Default): The recommended blend of Trend + Momentum. Conservative: Requires a very strong ADX trend. Fewer trades, higher win rate. Aggressive: Ignores ADX strength. Good for FOMC/CPI days only. Strike Suggestion: Automatically calculates the nearest Strike Price (ATM/OTM) for SPY/QQQ based on your settings. Disclaimer This tool is for educational purposes only. 0DTE options trading involves extreme risk of capital loss. Past performance (even with non-repainting logic) is not indicative of future results. Always manage your risk.
Pine Script® indicator
by anu_tarang
True ADR% (Range/Close) / ATR / LoD dist. / Market CapHi guys Couldn't find the script of my dreams and therefore adapted some existing ones I found from the users MikeC (AKA TheScrutiniser) & armerschlucker. Notes on formulas used in this script: // ADR% is calculated using the standard definition: 100 * SMA(High - Low, N) / Close // (average daily range in points over N daily bars, normalized by the current daily close). // ATR is standard Wilder ATR: ta.atr(N) computed on daily bars. // LoD dist. is the distance from current close to today’s low, expressed as a % of daily ATR: // 100 * (Close - Low) / ATR. // All three metrics are forced to daily bars via request.security(..., "D", ...), so they stay consistent // regardless of the chart timeframe. Hope it helps. Please provide feedback in case I made errors.
Pine Script® indicator
by Elcocochino
HTF Fractal Boxes by TAAKOWhat This Indicator Does This indicator displays higher timeframe (HTF) candlesticks as an overlay on your current chart, allowing you to see larger timeframe price action without switching charts. Key Features: Shows the last 3 completed HTF candles (configurable) Displays a 4th candle with dashed lines showing the current forming HTF bar Each candle includes full OHLC data: body (open/close) and wicks (high/low) Candles are color-coded: green for bullish, red for bearish, blue for neutral Positioned on the right side of your chart for easy reference Automatically scales with your Y-axis price movements
Pine Script® indicator
by oostermanr
ADX Regime (5m) Companion PaneADX Regime Filter (5-Minute) — Trade Permission Indicator This indicator is a market regime filter designed to answer one question only: Is this market worth trading right now? It is built specifically for intraday futures trading, with a strong focus on Gold (GC / MGC) and prop-firm style discipline. What This Indicator Does This ADX indicator does not give buy or sell signals. Instead, it tells you when to trade and when to stand down. Gold spends a large portion of the day in compression or VWAP chop. Trading during those periods destroys consistency and drawdown control. This indicator helps you avoid those conditions. How ADX Is Used Here ADX is calculated on the 5-minute timeframe It measures trend strength and expansion, not direction Direction should come from structure or higher-timeframe bias, not ADX ADX is used strictly as a permission filter. ADX Zones Explained The indicator includes clear horizontal reference levels: Below 18 Compression / chop No trade environment 20 to 35 Optimal expansion zone Best conditions for pullbacks and continuations 35 to 45 Strong trend Trade cautiously or only first pullbacks Above 45 Late expansion or news-driven volatility No new entries recommended These zones are visual guides to keep trading decisions objective. What This Indicator Is NOT It is not a signal generator It is not an entry tool It is not predictive ADX does not tell you what direction to trade. It tells you whether trading is allowed at all. Best Practices Use ADX on the 5-minute chart Combine it with: Higher-timeframe trend VWAP or key levels Clear price action If ADX is below 18, standing aside is a valid trade decision Who This Indicator Is For Futures traders Prop firm traders Traders who value: Capital protection Fewer but higher-quality trades Consistency over activity Core Principle ADX is a gatekeeper. When it says no, you do nothing. When it says yes, you still wait for structure and location. This mindset alone can dramatically improve discipline and results.
Pine Script® indicator
by physky
GC/MGC VWAP Pullback + ADX Regime (Prop-Safe)GC / MGC VWAP Pullback + ADX Regime Strategy (Prop-Safe) This strategy is designed specifically for Gold futures (GC & MGC) and prop firm trading, where capital preservation, consistency, and avoiding chop matter more than trade frequency. The core philosophy is simple: Only trade gold when it is expanding, aligned, and at the right location. Strategy Concept Gold moves in bursts, not constantly. Most losses come from trading compression, VWAP chop, or late momentum. This strategy filters those environments out and trades only: Strong intraday momentum Clear higher-timeframe direction First pullbacks to VWAP Clean price rejection with follow-through It intentionally produces fewer but higher-quality trades. Market Regime Filter (ADX) ADX is evaluated on the 5-minute chart This is the trade permission filter ADX zones: Below 18 → No trade (compression / chop) 20–35 → Optimal trading zone 35–45 → Caution (strong trend, reduced opportunity) Above 45 → No new entries (late expansion / news risk) ADX does not determine direction. It only determines whether trading is allowed. Direction Filter (Higher Timeframe) Direction comes from the 1-Hour chart EMA 20 above EMA 50 → Long bias only EMA 20 below EMA 50 → Short bias only Optional slope confirmation for additional strictness No counter-trend trades. Entry Logic (5-Minute Chart) Trades are taken using a VWAP pullback continuation model. Long Setup ADX between 20–35 1H EMA 20 > EMA 50 Price pulls back to VWAP Bullish rejection candle at VWAP Entry on break of the rejection candle high Short Setup ADX between 20–35 1H EMA 20 < EMA 50 Price pulls back to VWAP from below Bearish rejection candle at VWAP Entry on break of the rejection candle low All entries use stop orders, not market orders, to ensure follow-through. Risk Management Stop loss is placed beyond the rejection candle Partial profit at 1R Final target at 2R No pyramiding One clean setup is preferred over multiple trades This structure aligns well with prop firm rules, trailing drawdowns, and consistency requirements. What This Strategy Avoids VWAP chop Range-bound sessions Overtrading Late entries after news spikes Counter-trend setups If conditions are not ideal, no trade is the correct trade. Best Use Case Instruments: GC, MGC Timeframe: 5-minute Style: Intraday, prop-firm friendly Ideal for traders who value: Discipline Structure Capital protection
Pine Script® strategy
by physky
SVP + candle + Max volume [midst] SVP + DALY CANDLE + MAX VOLUME A comprehensive trading indicator that combines Session Volume Profile (SVP), Higher Timeframe (HTF) Candles, and Intrabar Max Volume Price Detection into one powerful tool. Perfect for traders who want to understand price action, volume distribution, and key levels all in one place. KEY FEATURES Session Volume Profile • Real-time volume distribution across price levels for the current session • Point of Control (POC) - identifies the price with the highest traded volume • Value Area High (VAH) & Low (VAL) - shows where 70% of the volume occurred (customizable percentage) • Color-coded volume bars - distinguish between up volume (bullish) and down volume (bearish) • Value area highlighting - clearly see the most important price zones Higher Timeframe Candle Display • Visual daily (or custom timeframe) candle overlaid on your current chart • OHLC labels - see Open, High, Low, and Close prices clearly marked • Fully customizable colors - separate colors for bullish/bearish bodies, borders, and wicks • Adjustable positioning - move the candle and labels to your preferred location Max Volume Price Detection • Identifies the exact price level with maximum volume within each bar • Uses Lower Timeframe (LTF) data for precise volume analysis (Premium+ required) • Simple mode fallback - works on all TradingView plans • Previous max volume marker - displays previous bar's max volume as a reference dot • Real-time calculation - updates as each bar forms ATR Table • Dynamic ATR-based stop levels - automatically calculates potential stop-loss levels • Multiple smoothing methods - RMA, SMA, EMA, WMA • Customizable multiplier - adjust for your risk tolerance • Clean table display - shows ATR value, high stop, and low stop PERFECT FOR Day traders analyzing intrabar volume distribution Swing traders wanting HTF context on lower timeframes Volume profile traders looking for key support/resistance levels Price action traders seeking high-probability entry zones HOW TO USE Volume Profile Analysis POC often acts as a magnet for price. VAH/VAL are key support/resistance levels. High volume nodes indicate strong price acceptance, while low volume nodes suggest potential breakout zones. HTF Candle Context See daily range while trading on 5m-1h charts. Daily open often acts as pivot point. Daily high/low are key levels to watch. Max Volume Price Black line shows where most volume traded in each bar. Previous max volume (dot) helps identify institutional activity. Clusters of max volume create strong support/resistance. Can possibly indicate a Wick bounce ATR Stops Use ATR-based levels for logical stop placement. Adjust multiplier based on market volatility. SETTINGS & CUSTOMIZATION Positioning Control the global offset to move both candle and profile together. Fine-tune with individual offsets for candle and profile spacing. Volume Profile Adjustable number of rows (50-500) for granular or simplified view. Customizable width and placement (left/right). Value Area percentage control. Full color customization for all volume components. HTF Candle Any timeframe selection (default: Daily). Full color customization for bull/bear candles. Adjustable candle width. Toggle OHLC labels on/off. Control label distance and line widths. Max Volume Price Choose between Simple (all plans) or LTF mode (Premium+). Auto or manual LTF resolution. Custom color and line width. Toggle current and previous markers independently. TECHNICAL NOTES Maximum 5000 bars lookback for volume calculations Works on all timeframes LTF max volume requires TradingView Premium or higher Optimized for performance with efficient array operations For best results, use on liquid instruments with reliable volume data Most effective on intraday charts (5min-1hour) for day trading and scalping strategies For Entertainment and information only Created by midst
Pine Script® indicator
by midst
BK AK-Flag Formations🏴‍☠️ BK AK-Flag Formations — Raise the standard. Drive the line. Continue the assault. 🏴‍☠️ Built for traders who exploit momentum with discipline: flagpoles, flags, and pennants detected, tagged, and briefed—so you press advantage instead of hesitating. 🎖️ Full Credit (Engine + Logic — Trendoscope) Original foundation (Trendoscope Flags & Pennants): The entire detection engine—multi-zigzag swing extraction, pivot logic, pattern validation, classification framework, and drawing architecture—is Trendoscope. He’s the architect of the core system. I’m not claiming the engine. I’m shipping a cleaner, more tactical interface layer on top of his work. 🧩 BK Enhancements (on top of Trendoscope) Purpose: read continuation faster with less chart noise. Short-form pattern tags so structure stays obvious without burying price: BF / BeF / BP / BeP / F / P / UF / DF / RF / FF / AF / DeF Label transparency controls (text + background), plus separate transparency control for short labels Hover tooltips (toggle): hover the tag to reveal full pattern name + bias (Bullish / Bearish / Neutral) Upgraded alert system: filters by Bias (Bullish/Bearish/Neutral) and Type (Flag / Pennant), with clearer alert messages Pattern border extension (optional): extends the two pattern boundary lines forward by N bars so your levels stay mapped for break/retest planning Everything else is Trendoscope’s architecture and math. 🧠 What It Does (The Mission) This script hunts continuation formations that form after a strong impulse move: Detects the flagpole (impulse) Validates a consolidation structure (flag or pennant) Tags it cleanly with short codes Optional hover-briefing gives the long name + bias exactly when you need it You get continuation structure in real time, across multiple swing sensitivities. 🧭 How It Detects (So You Know It’s Not Random) This isn’t “pattern art.” It’s rule-based geometry + swing logic: 1) Multi-Zigzag Sweep (micro → macro) Runs up to 4 zigzag engines so it catches both tight and larger continuations. (Default BK tuning uses 4 levels with different swing lengths/depths.) 2) Quality Filters (you control strictness) Key scanning controls: Error Threshold: tolerance used during trendline validation Flat Threshold: what qualifies as “flat” vs sloped Max Retracement (default 0.618): limits how deep the consolidation can retrace the impulse Verify Bar Ratio (optional): checks proportion/spacing of pivots, not just price Avoid Overlap: prevents stacking formations on top of each other Repaint option: allows refinement if better coordinates form (for real-time users) 3) Classification (Flag vs Pennant) Once the engine confirms an impulse + valid consolidation, it classifies: Flag = orderly channel/wedge-style consolidation after the pole Pennant = tighter triangle-style compression after the pole Then it labels with bias based on direction and formation context. 🏳️ Read the Continuation (Short Codes that Actually Matter) BF — Bull Flag: strong pole → controlled pullback; watch for break + continuation expansion BP — Bull Pennant: thrust → tight compression; expansion confirms carry BeF — Bear Flag: down impulse → weak rallies; breakdown favors continuation lower BeP — Bear Pennant: pause beneath resistance; release favors trend continuation F / P: generic flag / pennant tags when the system can’t (or shouldn’t) over-specify Standards aren’t decoration—they’re orders. 🧑‍🏫 Mentor A.K. A.K. is the discipline behind this release. No chasing. No gambling. No emotional entries. He drilled one rule into everything: structure first, then execution—never the reverse. This indicator exists to make that possible under pressure. 🤝 Give Forward (The Code of the Crew) If this tool sharpens your edge: Teach one trader how to read continuation properly (pole → base → trigger → invalidation) Share process, not just screenshots (entry logic, stop logic, management plan) If you build on open work: credit loudly and contribute improvements back when you can Tools multiply force. Character decides the outcome. 👑 Respect to King Solomon (Wisdom > Impulse) “Plans are established by counsel; by wise guidance wage war.” — Proverbs 20:18 Continuation trading is the same: impulse → formation → execution. BK AK-Flag Formations — when the standard rises, the line advances. Gd bless. 🙏
Pine Script® indicator
by Ki11a_B
BK AK-Warfare Formations👑 BK AK-Warfare Formations — Form the pride. Take the high ground. Strike with wisdom. 👑 Built for traders who think like commanders: see the formation, plan the maneuver, execute the strike. 🎖️ Full Credit (Engine + Logic — Trendoscope) Original foundation (Trendoscope Auto Chart Patterns): The entire pattern engine (multi-zigzag scanning, pivot logic, trendline-pair validation, geometric classification, drawing framework, overlap handling, and pattern caps) is by Trendoscope—one of the best coders on TradingView and the creator of this indicator’s core. I’m not rewriting his war machine. I’m upgrading the interface and tactical readability so you can see structure faster and act cleaner. 🧩 BK Enhancements (on top of Trendoscope) Built for clarity under pressure: Short-form formation tags so your chart stays readable (AC/DC/RC/RWE/FWE/CT/DT/etc.) Label transparency controls (text + background), including separate controls for short labels Hover tooltips (toggle): hover a label to see the full pattern name + bias (Bullish/Bearish/Neutral) Alerts upgraded with bias + category filtering (Channel / Wedge / Triangle) Pattern border extension (optional): extends the two boundary lines forward by N bars so the battlefield edges stay visible (not extending random zigzag legs) Everything else remains Trendoscope’s architecture and detection logic. 🧠 What It Does Auto-detects and labels: Channels AC — Ascending Channel DC — Descending Channel RC — Ranging Channel Wedges RWE / FWE — Rising/Falling Wedge (Expanding) RWC / FWC — Rising/Falling Wedge (Contracting) Triangles ATC / DTC — Asc/Desc Triangle (Contracting) ATE / DTE — Asc/Desc Triangle (Expanding) CT — Converging Triangle DT — Diverging Triangle You get clean battlefield tags (short codes) and optional hover briefings (full name + bias) without clutter. 🧭 How It Detects (So You Know It’s Not Random) Trendoscope’s engine does this in a disciplined sequence: Multi-Zigzag Sweep Multiple zigzag levels scan the same market from different swing sensitivities. Pivot Structure Validation (5 or 6 pivots) A formation is only valid when pivot sequencing produces a legit trendline pair. Trendline-Pair Rules Upper boundary anchors to pivot highs Lower boundary anchors to pivot lows Geometry is measured (parallel / converging / diverging) to classify channel vs wedge vs triangle Optional quality filters reduce warped/low-quality shapes (bar ratio checks, overlap avoidance, max pattern caps) You’re not getting “art.” You’re getting validated geometry. ⚙️ Core Controls (What You Actually Tune) Zigzag length/depth per level: swing sensitivity (faster vs cleaner) Pivots used (5 or 6): tighter vs broader structures Error/Flat thresholds: tolerance + what qualifies as “flat” Avoid overlap: prevents stacking junk on top of junk Max patterns: keeps the chart from becoming noise Label system: short codes, transparency, tooltips, bias visibility Border extension: projects the structure edges forward for planning 🗺️ Read the Battlefield (Tactical Translation) AC (Ascending Channel): trend carry; buy pullbacks to the lower wall, manage risk outside structure DC (Descending Channel): late down-leg; watch for momentum shift + reclaim = tactical reversal zone RWE (Rising Wedge): distribution bias; break + failed retest is where weakness shows CT / DT (Triangles): compression → expansion; plan edges, not the middle Structure is the map. Bias is the compass. Your risk plan is the sword. 🧑‍🏫 Mentor A.K. (Respect Where It’s Due) A.K. is the discipline behind this project. Patience. Clean execution. No gambling. No chasing. His standard is in every choice: reduce noise, sharpen structure, force clarity. This is why the labels are tight, the tooltips are direct, and the features serve execution—not ego. 🤝 Give Forward (The Code of the Camp) If this indicator sharpens your edge: Teach one trader how to read structure with discipline (not hype) Share process, not just screenshots (entries, invalidation, management) If you build on open work, credit loudly and improve responsibly A king builds men. A lion builds courage. A camp survives because knowledge moves forward. 👑 King Solomon’s Standard This is warfare—market warfare—so we move by wisdom, not emotion: “By wise counsel you will wage your own war, and in a multitude of counselors there is safety.” — Proverbs 24:6 BK AK-Warfare Formations — where formation meets judgment, and judgment meets execution. Gd bless. 🙏
Pine Script® indicator
by Ki11a_B
Pivot Edge ProOverview Smart Pivot Analytics is a highly accurate technical analysis tool designed to identify and validate significant price levels. Unlike standard pivot indicators that only mark recent highs, this tool backtests each identified pivot against thousands of historical candlesticks to calculate its real-world “success rate.” Key Features Historical Backtesting: The indicator scans up to 4,900 historical columns to find every instance where price interacted with a specific pivot level. Strength Score (%): Each level is assigned a percentage score based on its reversal rate. It calculates how many times the price has successfully reached and rejected the level, providing a statistical “hit rate.” Dynamic Hit Counter: Displays the exact number of times a level has been tested (hit), helping traders distinguish between new levels and established “old” levels. Smart Filtering: To keep the chart clean, the indicator automatically filters out weak levels and prevents “clutter” by merging levels that are too close together. Infinite Left Projection: Lines extend left to infinity, allowing traders to see the historical significance of a level across the entire price history at a glance. How to Trade with It Red Levels (High Power > 75%): These are “Top Reaction Zones”. Expect a strong price rejection or significant breakout when these levels are tested. Orange Levels (Medium Power): Suitable for profit targets or as secondary confirmation for entering a trade. Encounter: Use these levels in conjunction with your existing strategy. When a high power pivot aligns with your entry signal, the probability of a successful trade increases significantly. Technical Parameters Lookback Period: Defines how far back in history the script calculates power. Touch Radius: The "sensitivity" of the level (how close the price has to get to be considered a "hit"). Minimum Strength: A filter to show only the most reliable levels.
Pine Script® indicator
by nirree11
Box Theory [Interactive Zones] PyraTimeThis script combines Nicholas Darvas’s "Box Theory" with modern Supply and Demand (Premium/Discount) concepts. It automatically identifies the most recent Swing High and Swing Low to delineate the current trading range. The purpose of this tool is to visualize market structure and help traders identify when price is relatively expensive (Premium) or cheap (Discount) within a defined range. Visual Guide: What You Are Seeing The Box: Represents the active trading range defined by the most recent significant Swing High and Swing Low. Red Zone (Premium): The top 25% of the range. Mathematically, prices here are considered "expensive" relative to the current structure. Green Zone (Discount): The bottom 25% of the range. Prices here are considered "cheap" relative to the current structure. Grey Zone (Equilibrium): The middle 50% of the range. This is the area of fair value where price often consolidates. Dashed Line (EQ): The exact 50% midpoint of the range. Tutorial: How to Trade Using This Indicator Method 1: Mean Reversion (Range Trading) This method applies when the market is moving sideways. Identify Structure: Wait for a box to form. Wait for Extremes: Do not trade when price is in the middle (Grey/White area). Wait for price to enter the Red or Green zones. Entry Trigger: Shorts: When price enters the Red Zone, look for a rejection (wicks leaving the zone) or a lower timeframe breakdown. Target the EQ (Midline) as your first take profit. Longs: When price enters the Green Zone, look for support formation. Target the EQ (Midline) as your first take profit. Method 2: Trend Continuation (Breakouts) This method applies when the market is trending strongly. Breakout: Monitor the alerts. A close outside the box indicates a potential shift in market structure. Retest: After a breakout up, the old "Red Zone" (Resistance) often flips to become new Support. Wait for price to pull back to the top of the old box before entering. Configuration Guide (Settings) Pivot Left/Right Bars (Sensitivity): Default (20/20): Best for Swing Trading. It filters out market noise and only draws boxes based on major structural points. Lower (5/5): Best for Scalping. It will create smaller, more frequent boxes but increases the risk of false signals. Zone Percentage: Default (25%): Standard deviation for Supply/Demand zones. Alternative (15%): Use this for "sniping" entries at the absolute extremes of the range. Multi-Timeframe (MTF): Enable "Use Higher Timeframe" to see Daily or Weekly ranges while trading on lower timeframes (like the 15m or 1H). This helps keep your intraday trades aligned with the major trend. Technical Note on "Lag" This indicator uses Pivots to draw the box. A pivot is only confirmed after a certain number of bars have passed (the "Pivot Right Bars" setting). Example: If "Pivot Right Bars" is set to 20, the box will update 20 bars after the actual high or low occurred. This is necessary to confirm that the point was indeed a Swing High/Low. Do not treat the box lines as predictive; they are reactive to confirmed structure.
Pine Script® indicator
by PyraTime
HS:- HA+BIAS📝 Daily Bias + Heikin Ashi Step Line (Notes) 1️⃣ Indicator Purpose Combines Daily Market Bias with Heikin Ashi Average Displays HA average as a STEP LINE WITH BREAKS HA line changes color based on bias Works on any timeframe Bias logic is always calculated from Daily data 2️⃣ Heikin Ashi Calculation Uses Heikin Ashi candles internally Does not change chart candles Formula used: HA Average = (HA Open + HA Close) / 2 Provides a smoother price reference than normal candles 3️⃣ Daily Reference Levels Uses previous day: High Low These levels define market structure Fetched using Daily timeframe regardless of chart timeframe 4️⃣ Positive Bias Condition (Bullish) Bias becomes POSITIVE only when both conditions are true: Today Close > Previous Day High Today Low > Previous Day Low 📌 Indicates strong bullish control 5️⃣ Negative Bias Condition (Bearish) Bias becomes NEGATIVE only when both conditions are true: Today Close < Previous Day Low Today High < Previous Day High 📌 Indicates strong bearish control 6️⃣ Bias Hold Rule (Most Important) Bias does NOT flip frequently Bias remains unchanged until: Both opposite conditions are satisfied Prevents false signals during sideways markets Bias Values: +1 → Positive -1 → Negative 0 → Neutral 7️⃣ Bias Memory Concept Bias is stored using a state variable Previous bias is carried forward when no condition is met Ensures stable trend direction
Pine Script® indicator
by kiran_currencies
Price Range CHoCH Alert🎯 Smart Money Concept (SMC) indicator that monitors a specific price level and alerts only when price touches that level AND subsequently creates a Change of Character (CHoCH). Key Features: • Set a custom price level to monitor • Detects CHoCH/BOS based on pivot highs/lows • Alerts ONLY when: Price touches level → CHoCH occurs • Visual confirmation with level line and status table • Configurable tolerance for precise level targeting • Works for both bullish and bearish scenarios Perfect for: ✓ Institutional level trading ✓ Key support/resistance breakouts ✓ Liquidity grab confirmations ✓ Structure break validation Simply set your target price level and let the indicator watch for the perfect SMC setup!
Pine Script® indicator
by cmacha2