Period LevelsThis script is a cleaned up version of "Previous Period Levels". It shows only open, high, low, and close levels. There is an adjustable 'lookback' variable. It defaults to '1' to show the levels from '1' period ago. The currentOpen variable defaults to '0' which shows the current period's open level.
Levels
[CE]LevelsThis indicator is designed to show you simple Support & Resistance levels, it also has VWAP built in.
Pivot LevelsThis indicator automatically plots 3 important "Pivot Levels" to watch when day trading.
This simple but effective tool plots out important levels from the prior trading day, and updates every day. I noticed that significant levels such as the close, the high, and the low from the prior day often serve as important support/resistance levels in the future.
The previous day high is displayed as the green line, the close is displayed as the white line, and the low is plotted as the red line.
Enjoy!
Synthetic Levels indicator v.2.0“Synthetic Levels” Indicator 2.0
Class : graphic patterns
Trading type : reversal trading
Time frame : any
Purpose : detection of levels
Level of aggressiveness : standard
The “Synthetic Levels” indicator is designed to determine synthetic levels both support and resistance.
Synthetic levels are price zones where the most likely prices will change direction, but these zones are not obtained by determining chart patterns, they are the result of specific calculations.
Levels are determined based on a unique author's algorithm, which includes the most common techniques for determining levels: pivots, fractals, fibo levels, as well as extreme points approach.
By processing and comparing the values of support / resistance levels generated by different technics (see the list above), the “Synthetic Levels” indicator determines the actual price parameters of the support / resistance levels, as well as their power at a particular point in time.
The “Synthetic Levels” indicator displays three variants of support and resistance lines, which allows the trader to independently regulate the level of aggressiveness of the trading strategy, and can also can be used to build new trading strategies based on averaging and Martingale.
The information provided by the “Synthetic Levels” indicator can also be used to determine entry points (sell from resistance levels and buy from support levels), as well as to determine stop-losses and take-profits. Stops for buying are set below the support levels, and for sells - above the resistance levels. Profits for buys can be placed near the resistance lines, and for sells - in front of support lines.
The level power (displayed as a numerical value from 1 to 4 near each level line) allows to determine the trade volume of the position. The higher the power of the level is, the more aggressive the volume can be entered into the transaction. The power of a level is determined by the number of coincidences of the values of the levels calculated by different techniques. For example, if at some point the calculated values of the support level based on the “Pivots” technique turned out to be equal to the values obtained by the “Fractals” technique, the level power will be 2.
!!! IMPORTANT !!! Although the level looks like a line, that is a specific price, but in fact it is not so. The level line is rather a starting point for the formation of a price zone where prices will change the direction.
To detect trend activation points “Synthetic Levels” indicator 2.0 has double signal block: the first determines the medium-term market sentiment to the asset; the second is responsible for assessing the current market sentiment.
Structure of the indicator
Indicator consists of the following elements:
- Support lines incl. their power – 3 blue lines. Each of them displays variant of support line. The power of the level is displayed near the level line.
- Resistance lines incl. their power – 3 red lines. Each of them displays variant of resistance line. The power of the level is displayed near the level line.
- trend line – is designed for color indication of the current dominant tendency. If the color of the signal line is red, it means that the downward trend prevails, blue is for upward, and green is for flat. Accordingly, the trader should adjust his/her actions based on this information: search for sell opportunities and not buy if the line is red; search for purchases and not sell if the line is blue.
Parameters of the indicator
To configure the indicator, the following parameters are provided:
- Fibo period (default value - 34) - period for determining the Fibo lines. The higher the value is, the deeper the Indicator will dig in past prices.
- Period to calculate levels (default value - 13) - period for determining the levels used by Extreme points approach. The higher the value is, the deeper the Indicator will dig in past prices.
- Error in pips (default value - 10) – size of the price zone where levels are treated as the same ones.
- Trendline period (default value - 44) - period for determining the medium-term trend. The higher the value is, the more conservative the perception indicator of a trend will be.
- Trend period (default value - 13) - period to determine the current trend. Responsible for the level of trade aggressiveness. The lower the value of this parameter, the more signals the indicator will generate and vice versa.
- Trend error in pips (default value is 1) - this parameter is used to control the frequency of the signals. The lower it is, the more signals the indicator will generate.
Long Term Levels (4h, D, W, M, Q, & Y)This shows and labels the highs and lows from the previous 4h, daily, weekly, monthly, quarterly and yearly session. By default it only shows weekly, monthly and yearly. It also has an option to use small labels (M vs Monthly High) to save your eyeballs. You may need to adjust your charts right hand margin to see them properly.
Everything is shown in very tasteful shades of blue. For a faster loading version of this check my other indicators.
SFL Daily ATR levelsAn indicator that plots the daily ATR upper and lower levels on a chart.
This is a TradingView re-write from Trader Dante's dATR indicator.
Year Open Price LevelAn utility tool that plots a dynamic level using the opening price of each year on the chart.
Allows to highlight the change in the price relative to this level.
Keltner ZonesThis is an indicator that draws support and resistance zones / levels based on price action in and around Keltner Channels.
There are 3 different modes;
Draw zones based on price breaking the upper band
Draw zones based on price breaking the lower band
Draw zones if price stays within the bands for a prolonged period of time.
You can also decide if you want the indicator to paint zones or levels. The Zones can grow rather large if there is a volatility shock since they are drawn using the true range around the trigger price.
Upper Band Zones
Lower Band Zones
Congestion Zone
[RS]ZigZag Percent Reversal(Multiple) - Forecast Areasnaive level forecasting of multiple zigzag's
based on this principle:
2R overlay positive biasHere is a pretty clean 2R - risk reward assessment that is overlaid on the price action. Positive bias, kind of lazy on the release but you can edit to change look back period or drop into one of your indicator edits as another metric for trade risk. If this helps drop a comment or thumbs up.
-Squam
Monthly & Weekly LevelsShows and labels the previous monthly and weekly highs and lows, which are generally great areas to trade off. Loads quick and there's an option to hide the labels if they don't float your boat
Levels Generator with Fibs"Levels Generator with Fibs" is an easy to use and a well coded script that can be used by traders of all levels from beginners to advanced professionals.
What does the script do?
Plots the support and resistance levels automatically based on user preference of Local or Global levels from indicator settings.
Plots Fibonacci retracement levels between high and low based on 'Days' or 'Candles' lookback from indicator settings.
What markets can this script be used on?
Forex
Stocks
Commodities
Cryptocurrencies
and almost any asset on Trading View
Does the script repaint levels?
No. The script does not repaint as it plots levels based on the past price movement. The only time the levels change for a given timeframe is when the price makes a new All Time High or a new All Time Low.
What is the difference between "Plot Levels" and "Plot Fibonacci Levels"?
"Plot Levels" plots support and resistance levels automatically without any input from the user other than preferred levels 'plot' from the indicator settings namely
Plot All Global Levels - Plots all important levels from ATH to ATL (dependent on data age/availability on Trading View) - recommended for Long term outlook
Plot Local Levels for Higher TF - Plots all important Support/Resistance levels for mostly higher time frames (1hr or higher) - Short to Mid term outlook
Plot Local Levels for Lower TF - Plots all important Support/Resistance levels for mostly smaller time frames (can be used for up to 1hr in most cases) - Recommended for Scalping/Swing Trading mostly dependent on volatility
"Plot Fibonacci Levels" plots all standard Fibonacci retracement levels - 0, 23.6%, 38.2%, 50%, 61.8%, 78.6% and 100% based on
"Days" Lookback - Fibonacci levels between High and Low based on number of days in the past, starting from the current day on any time frame chart
"Candles" Lookback - Fibonacci levels between High and Low based on number of candles in the past, starting from the current candle on any time frame chart
Can the Fibonacci levels be reversed?
Yes. The Fibonacci levels can be reversed by checking the "Reverse" checkbox from the indicator settings. This is very handy if the trend looks like there may be a support or resistance from one of the Fib levels and a possibility of a new high or a new low based on the price action.
What is the need for "Plot 1.272 Fibonacci Level" under "Plot Fibonacci Levels"?
1.272 is an important Fibonacci number as it is the square root of 1.618 and is the near support or resistance after 100% price retracement. Even though it keeps moving on the chart dependent on the new high or new low based on Days/Candles lookback, it serves as a 'nice to have' reference for any trader looking beyond 100% retracement for support/resistance.
Why do the 'local levels' lines' color changes between green and red?
The nearby levels lines change color based on price closing above or below them. This happens to only closest local levels for lower TF near price action and for top/bottom lines of the local levels for higher TF.
The line turns green when it becomes support as price closes above it.
The line turns red when it becomes resistance as price closes below it.
Can the levels lines' colors be changed?
Yes. The color of the Higher TF levels and all Global levels (from "Plot All Global Levels") can be changed from the 'Styles' tab from the indicator settings. Some lines change between green and red (which show on both light and dark themed background), so they are not editable and are hidden, but all other lines can be edited to show /hide or change color from the 'Styles' tab on the indicator settings.
What chart background is recommended?
The colors of the levels are neutral to both light and dark background of the chart screen, but a black or a dark background shows the lines even better. It comes down to user preference. If the default horizontal and vertical lines on chart screen is of no use, it can be hidden from 'Background' tab on Trading View chart settings by increasing the transparency of the lines all the way up.
Get in touch with me if you would like access to the script on monthly, 6 monthly or annual basis.
OHLM/DWMPlots the opens, highs, lows, and mid range of the daily, weekly and monthly. Option to have background highlights for session times but default is off.
Confidence IntervalsThis indicator allows you to be able to see the confidence intervals for whatever asset you are trading given a certain expiry. Confidence intervals project the most probable price ranges over a certain period of time in the future.
In order to use this you must first specify what expiry you want to use in days, so if you want to project the confidence interval 1 day out you would input 1, if you want 1 year out you'd input 252 (the number of trading days in 1 year), if you want 12hrs out you'd input 0.5.
Next you must specify what timeframe you are using on your chart in minutes, so if you're using 5 min chart you'd input 5, if you're using 4hr you'd input 240, if you're using daily charts you'd use 1440.
Finally you must input what standard deviation you want to use for the confidence range.
Confidence levels are really helpful in trading, especially for options, because it allows you to be able to choose a more strategic expiry based on probabilities. In other types of trading such as stocks, futures, and FX confidence levels can be helpful in helping you better plan out your trade by figuring out where price probably will and will not go given a certain period of time in the future. Additionally, confidence levels allow you to be able to visualize volatility expansion and contraction.
Standard Deviation Probabilities:
0.5 STD has a 99% of touching the bounds of the interval and a 50% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
1 STD has a 64% of touching the bounds of the interval and a ~30-32% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
1.6 STD has a ~40% of touching the bounds of the interval and a ~20% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
2 STD has a ~10% of touching the bounds of the interval and a ~5% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
3 STD has a <2% of touching the bounds of the interval and a <1% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
Bitmex Liquidations (More levels)Author of the script is Jaqobs
Moving averages based on VWMA and Bitmex's leverage liquidation multipliers.
Added more levels so it is easier to visually see where scaled limit orders should be placed in order to catch extreme wicks.
ZenTrading MTFA Support & Resistance_BETAThis is a multiple timeframe analysis indicator for the long term and swing trading timeframes (1HR upwards).
The crosses indicate support/resistance levels. Current levels as well as past levels are relevant.
This is a beta testing version of the indicator, there may be some minor issues, so use at your own risk.
A day trading timeframe version is coming soon.
If you have any questions feel free to contact me
RSI Based Automatic Supply and DemandA script that draws supply and demand zones based on the RSI indicator. For example if RSI is under 30 a supply zone is drawn on the chart and extended for as long as there isn't a new crossunder 30. Same goes for above 70. The threshold which by default is set to 30, which means 30 is added to 0 and subtracted from 100 to give us the classic 30/70 threshold on RSI, can be set in the indicator settings.
By only plotting the Demand Below Supply Above indicator you get automatic SD level that is updated every time RSI reaches either 30 or 70. If you plot the Resistance Zone / Support Zone you get an indicator that extends the zone instead of overwrite the earlier zone. Due to the zone being extended the chart can get a bit messy if there isn't a clear range going on.
There is also a "confirmation bars" setting where you can tell the script how many bars under over 30 / 70 you want before a zone is drawn.
Here is an image of only using the "Demand Below / Supply Above" plot.
As you can see, this could be useful "Price Flow" indicator, where we would only short if a zone appears below another zone, or long if two zones in a row are going up, like stairs.
