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Order Blocks Finder [TradingFinder] Major OB | Supply and Demand🔵 Introduction Drawing all order blocks on the path, especially in range-bound or channeling markets, fills the chart with lines, making it confusing rather than providing the trader with the best entry and exit points. 🔵 Reason for Indicator Creation For traders familiar with market structure and only need to know the main accumulation points (best entry or exit points), and primary order blocks that act as strong sources of power. 🟣 Important Note All order blocks, both ascending and descending, are identified and displayed on the chart when the structure of "BOS" or "CHOCH" is broken, which can also be identified with "MSS." 🔵 How to Use When the indicator is installed, it plots all order blocks (active order blocks) and continues until the price reaches them. This continuation happens in boxes to have a better view in the TradingView chart. Green Range : Ascending order blocks where we expect a price increase in these areas. Red Range : Descending order blocks where we expect a price decrease in these areas. 🔵 Settings Order block refine setting : When Order block refine is off, the supply and demand zones are the entire length of the order block (Low to High) in their standard state and cannot be improved. If you turn on Order block refine, supply and demand zones will improve using the error correction algorithm. Refine type setting : Improving order blocks using the error correction algorithm can be done in two ways: Defensive and Aggressive. In the Aggressive method, the largest possible range is considered for order blocks. 🟣 Important The main advantage of the Aggressive method is minimizing the loss of stops, but due to the widening of the supply or demand zone, the reward-to-risk ratio decreases significantly. The Aggressive method is suitable for individuals who take high-risk trades. In the Defensive method, the range of order blocks is minimized to their standard state. In this case, fewer stops are triggered, and the reward-to-risk ratio is maximized in its optimal state. It is recommended for individuals who trade with low risk. Show high level setting : If you want to display major high levels, set show high level to Yes. Show low level setting : If you want to display major low levels, set show low level to Yes. 🔵 How to Use The general view of this indicator is as follows. When the price approaches the range, wait for the price reaction to confirm it, such as a pin bar or divergence. If the price passes with a strong candle (spike), especially after a long-range or at the beginning of sessions, a powerful event is happening, and it is outside the credibility level. An Example of a Valid Zone An Example of Breakout and Invalid Zone. (My suggestion is not to use pending orders, especially when the market is highly volatile or before and after news.) After reaching this zone, expect the price to move by at least the minimum candle that confirmed it or a price ceiling or floor. 🟣 Important : These factors can be more accurately measured with other trend finder indicators provided. 🔵 Auxiliary Tools There is much talk about not using trend lines, candlesticks, Fibonacci, etc., in the web space. However, our suggestion is to create and use tools that can help you profit from this market. • Fibonacci Retracement • Trading Sessions • Candlesticks 🔵 Advantages • Plotting main OBs without additional lines; • Suitable for timeframes M1, M5, M15, H1, and H4; • Effective in Tokyo, Sydney, and London sessions; • Plotting the main ceiling and floor to help identify the trend.
Pine Script™ indicator
by TFlab
49
MTF MA ChaserThis is my own Moving Averages analysis tool, if anyone else will find it useful. How It Works: Upon adding the indicator to the chart, it calculates the selected Moving Averages for the defined timeframes. The main chart will display these MAs according to the user's chosen timeframe and type (default is the chart timeframe). Simultaneously, a table is generated on the chart, showcasing the percentage difference of the current price from these MAs across various timeframes. This table is color-coded to indicate different market states, such as proximity to MA/price crossovers. Key Features: Multi-Timeframe Analysis: Users can view Moving Average data from different timeframes (5m, 15m, 1H, 4H, 1D, 1W) on their current chart. This allows for quick and efficient analysis without the need to switch between different timeframe charts. Variety of Moving Averages: The indicator supports different types of MAs, including EMA (Exponential Moving Average), SMA (Simple Moving Average), and others, providing flexibility in analysis. Realtime Data Option: Users can choose to display real-time data for MAs, enabling them to make timely trading decisions based on the most current market information. Customizable Display: The indicator features a customizable table that displays the MA values and their differences from the current price in percentages. Users can show or hide this table and adjust its position and text size according to their preference. Limited Timeframe Support: The indicator is designed to work on equal or higher timeframes relative to the current chart's timeframe. It specifically supports 5-minute (5m), 15-minute (15m), 1-hour (1H), 4-hour (4H), 1-day (1D), and 1-week (1W) timeframes. This means if your current chart is set to a 1-hour timeframe, the indicator will only show MA data for 1-hour and longer timeframes (4H, 1D, 1W), but not for shorter ones like 5m or 15m. Yet, you can go down to a 1 - 4 minute chart for scalping purposes if necessary.
Pine Script™ indicator
by Zippy111
[CS] HTF Candle Start MarkerHello Traders! I was using this script personally and thought it may be helpful to others that trade much lower timeframes. This script is particularly useful for traders who monitor price movements across multiple timeframes or need to synchronize their strategies with the start of new candle open. Features: User-Selectable Timeframe : Users can select the desired timeframe for the candle start marker, ranging from 1 to 60 minutes. Start-of-Period Visualization : The indicator works by highlighting the background color at the start of each new candle for the chosen timeframe. This visual cue is particularly helpful for identifying the commencement of new trading intervals on lower timeframe charts. Intelligent Timeframe Adaptation : A unique feature of this indicator is its ability to disable the marking on charts where the selected timeframe is equal to or higher than the chart's current timeframe. This ensures that the marker is only active when it provides meaningful information, avoiding redundancy on higher timeframe charts. Usage: This indicator is ideal for low time frame traders and those employing multi-timeframe analysis. It helps in quickly identifying the start of new time intervals. For example I trade the 15 second timeframe and mark the start of every 5 minute candle.
Pine Script™ indicator
by Racha23
Volume Footprint Voids [BigBeluga]Volume Footprint Voids is a unique tool that uses lower timeframe calculation to plot different styles of single candle POC. This indicator is very powerful for scalping and finding very precise entry and exits, spotting potential trapped traders, and more. Unlike many other volume profiles, this aims to plot single candle profiles as well as their own footprints. 🔶 FEATURES The script includes the following settings: Windows: Plotting style and calculations Coloring modes Display modes lower-timeframe calculations 🔶 CALCULATION In the image above we can see how the script calculates each level position that will serve as a calculation process to see how much volume/closes there are within the levels. In the image above, we can have a more clear example of how we count each candle close. We use the prior screenshot as an example, after setting each level we will use the lower-timeframe input to measure the amount of closes within the ranges. Depending on the lot size, the box will be larger or smaller, usually the POC will always have the highest box size. NOTE: Size is the starting point, always from the low of the candle. To find more voids, select a closer LTF to the current one you're using. To find fewer voids, select a timeframe away from your current one. Due to Pine Script limitations, we are only able to plot a certain amount of footprints, and we can't plot the whole history chart. POC will be the largest block displayed, indicating the time point of control Gray areas are closes above the average Black are Void or imbalance that price will fill in the future, like FVG The image above shows an incorrect size input that will lead to bad calculations, while on the other side, a correct size input that will lead to a clear vision and better calculation. 🔶 WINDOWS The "▲▼" Mode will display delta buyers and delta sellers coloring with voids as black. It also offers a gradient mode for a beautier visualization The "Total Volume" mode will display the net volume within the lot size (closes within the levels). This is useful to spot possible highest net volume within the same highest lot size. The "POC + Gaps" will show both POC and Gaps as the highest block while all the rest will be considered as the smaller block. This is useful to see where the highest lot were and if there are higher or lower imbalances within the candle The last option "Gaps" will simply display the gaps as the highest block, while the POC as the lowest block. This is useful to have a better view of the gaps areas 🔶 EXAMPLE This is one of the most basic examples of how this script can be used. POC at the bottom creating a strong support area as price holds and creates higher voids gap that price fills while rising. 🔶 SETTINGS Users have full control over the script, from colors to choosing the lower-timeframe inputs to disabling the lot size.
Pine Script™ indicator
by BigBeluga
33
MUJBOT - Multi-TF RSI Table The "Multi-TF RSI Table" indicator is a comprehensive tool designed to present traders with a quick visual summary of the Relative Strength Index (RSI) across multiple timeframes, all within a single glance. It is crafted for traders who incorporate multi-timeframe analysis into their trading strategy, aiming to enhance decision-making by identifying overall market sentiment and trend direction. Here's a rundown of its features: User Inputs: The indicator includes customizable inputs for the RSI and Moving Average (MA) lengths, allowing users to tailor the calculations to their specific trading needs. Additionally, there is an option to display or hide the RSI & MA table as well as to position it in various places on the chart for optimal visibility. Multi-Timeframe RSI & MA Calculations: It fetches RSI and MA values from different timeframes, such as 1 minute (1m), 5 minutes (5m), 15 minutes (15m), 1 hour (1h), 4 hours (4h), and 1 day (1D). This multi-timeframe approach provides a thorough perspective of the momentum and trend across different market phases. Trend and Sentiment Analysis: For each timeframe, the script determines whether the average RSI is above or below the MA, categorizing the trend as "Rising", "Falling", or "Neutral". Moreover, it infers market sentiment as "Bullish" or "Bearish", based on the relationship between the RSI and its MA. Dynamic Color-Coding: The indicator uses color-coding to convey information quickly. It highlights the trend and sentiment cells in the table with green for "Bullish" and red for "Bearish" conditions. It also shades the timeframe cells based on the RSI value, with varying intensities of green for "Oversold" conditions and red for "Overbought" conditions, providing an immediate visual cue of extreme market conditions. Customization and Adaptability: The script is designed with customization in mind, enabling users to adjust the RSI and MA lengths according to their trading strategy. Its adaptable interface, which offers the option to display or hide the RSI & MA table, ensures that the tool fits into different trading setups without cluttering the chart. Ease of Use: By consolidating critical information into a simple table, the "Multi-TF RSI Table" indicator saves time and simplifies the analysis process for traders. It eliminates the need to switch between multiple charts or timeframes, thus streamlining the trading workflow. In essence, the "Multi-TF RSI Table" is a powerful indicator for Pine Script users on TradingView, offering a multi-dimensional view of market dynamics. It is ideal for both novice and experienced traders who seek to enhance their technical analysis with an at-a-glance summary of RSI trends and market sentiment across various timeframes.
Pine Script™ indicator
by JohnyCardano
11
ATR MACD - a comparable MACD [Rise Sense]ATR MACD - a comparable MACD 是一位名为tonyblackwhite在知乎上发表的关于MACD的文章启发下制作的指标。这个指标克服了MACD在多个方面的痛点，例如时间变化、跨市场对比和MACD动量生命周期等问题。通过在基础上引入新功能，该指标不仅解决了这些问题，还使用户能够更轻松地比较不同时间级别和商品。 这一创新不仅提高了MACD的使用体验，而且为用户提供更便捷的获取所需信息的途径。通过解决原有MACD存在的限制，ATR MACD - a comparable MACD 为使用者提供了更为全面和灵活的分析工具，有望在MACD的应用中发挥更大的作用。 ATR MACD - a comparable MACD is an indicator created after reading an article on MACD by the author tonyblackwhite on Zhihu. This indicator overcomes various pain points of MACD, such as the MACD time change issue, cross-market MACD issue, MACD momentum lifecycle issue, and more. Building upon this foundation, it directly incorporates features that allow for comparing different timeframes and commodities, aiming to enhance users' experience in utilizing MACD and helping them effortlessly obtain desired information. This innovation not only improves the user experience with MACD but also provides a more user-friendly way for users to compare different timeframes and commodities. By addressing the limitations of the original MACD, ATR MACD - a comparable MACD offers users a more comprehensive and flexible analytical tool, potentially playing a greater role in the application of MACD.
Pine Script™ indicator
by kgynofomo
1
Multi MAs mit LabelA MA (Moving Average) is useful to identify a trend of an assets. The TradingView builtin indicator "Exponential Moving Average" is useful, but limited in some aspects: Bound to the active timeframe (e.g. h1) One MA per indicator instance. Makes it confusing when using multiple In reality to want to have multiple MAs with different types (EMA, SMA), length and timeframes on your chart to identify trading opportunities. As an example you can use the daily EMA12 and EMA21 to identify the trend and EMA200 on the h4 to enter a trade. That's what this script is used for. The provided script is an extension to the indicator powered by chipmonk (link to profile below). The original script let you add up to 8 EMAs that can be bound to any timeframe and length. The timeframe and length is displayed on the chart next to EMA. Unfortunately you can only add EMAs (Exponential Moving Averages) and no SMAs (Simple Moving Averages). That's why the script was extended. You can now choose the type (EMA or SMA) for up to 8 MAs. Links Profile of chipmonk Indicator by chipmonk
Pine Script™ indicator
by MrC0inSiX
1
[blackcat] L1 Bullish Trend Indicator #### Introduction The " L1 Bullish Trend Indicator" is a unique tool designed for TradingView, tailored to identify and analyze bullish trends in the market. This guide provides an overview of its definition, history, calculation method, operations, and practical trading applications, tailored for both beginners and experienced traders. #### Definition - **Role in Technical Analysis**: Primarily identifies bullish trends by analyzing a combination of price and volume data. - **Type of Indicator**: Classified as a trend indicator, it operates on multiple time frames, offering a comprehensive view of market momentum. #### Calculation Method - **Core Calculation**: Combines price action (hlc3 formula) and volume, calculating a series of Simple Moving Averages (SMAs) on this modified factor. - **Timeframes**: Incorporates short, mid, and long-term analysis through specific length parameters like `len_shortterm1`, `len_midterm`, and `len_longterm`. - **Output Interpretation**: Proportions calculated from SMAs indicate the relative strength of trends across different timeframes. #### Basic Operations - **Comparison with Similar Indicators**: Similar to SMAs and MACD but provides a more detailed multi-timeframe trend analysis. - **Unique Features**: The multi-timeframe approach and price-volume factor analysis distinguish it from other trend indicators. - **Practical Example**: A dominant long-term trend (blue candle) might suggest a more stable bullish trend compared to a short-term spike. #### Style Settings - **Visual Representation**: Utilizes `plotcandle` functions with specific colors for different trend conditions, enhancing the visual clarity. - **Color Coding**: Yellow for short-term trends, fuchsia for skyrocket trends, red for mid-term, and blue for long-term trends. #### Trading Applications - **Identifying Trends**: Effective in signaling the start and strength of bullish trends in various markets. - **Combination with Other Tools**: Can be used alongside tools like RSI or MACD for reinforced trading decisions. #### Conclusion The " L1 Bullish Trend Indicator" is a powerful tool for traders looking to understand and capitalize on bullish market trends. Its unique combination of price and volume analysis, along with multi-timeframe integration, makes it a valuable addition to any trader's toolkit. Whether you're a beginner or a seasoned trader, this indicator offers insights that can help refine your market analysis and trading strategies.
Pine Script™ indicator
by blackcat1402
Trend Change IndicatorThe Trend Change Indicator is an all-in-one, user-friendly trend-following tool designed to identify bullish and bearish trends in asset prices. It features adjustable input values and a built-in alert system that promptly notifies investors of potential shifts in both short-term and long-term price trends. This alert system is crucial for helping less active investors correctly position themselves ahead of major trend shifts and assists in risk management after a trend is established. It's important to note that this indicator is most effective with assets that historically exhibit strong trends. At the heart of this tool is the interaction between the 30-day and 60-day Exponential Moving Averages (EMA). A bullish trend is indicated in green when the 30-day EMA is above the 60-day EMA, while a bearish trend is signaled in red when the 30-day EMA is below the 60-day EMA. The appearance of gray alerts users to potential shifts in the current trend as the EMAs converge, falling below the Average True Range (ATR) safety margin. This analysis is conducted across both hourly and daily timeframes, with the 4-hour timeframe providing early signals for daily trend changes. The band visually represents the interaction between the daily EMAs and is also displayed in the second row of the table, with the first row showing the same EMA interaction on the 4-hour timeframe. This indicator also includes a 140-day (20-week) Simple Moving Average (SMA), visually represented by a line with predictive dots. This feature significantly enhances the investor's ability to understand long-term trends in asset prices, offering forward-looking insights by projecting the SMA value 10 days into the future. The value of this forecast lies in interpreting the slope of the dots; upward trending dots suggest a bullish underlying trend, while downward trending dots indicate a bearish trend. Generally, prices above the SMA signal bullishness, and prices below indicate bearishness. In summary, the Trend Change Indicator is a comprehensive solution for identifying price trends and managing risk. Its intuitive, color-coded design makes it an indispensable tool for traders and investors who aim to be well-positioned ahead of trend shifts and manage risk once a trend has been established. While it has proven historically valuable in trending markets such as cryptocurrencies, tech stocks, and commodities, it is advisable to use this indicator in conjunction with other technical analysis tools for a more comprehensive and well-rounded decision-making process.
Pine Script™ indicator
by ingeforberg
10
Multi VWAP [MW]Introduction The Multi VWAP tool extends the concept of using the Anchored Volume Weighted Average Price, popularized by its founder, Brian Shannon, founder of AlphaTrends, and creates automatic AVWAPS for multiple anchor points, such as for 2-day, 3-day, 4-day, 5-day, and custom date anchors as well as automagically creating month-to-date and year-to-date anchors. Currently, most standard VWAP tools allow users to place custom anchored VWAPs, but the routine of doing this for every equity being watched can become cumbersome. This tool makes that process multi-times easier. Brian Shannon is also the author of “Maximum Trading Gains With Anchored VWAP: The Perfect Combination of Price, Time, and Volume”. Available at Amazon. Settings Daily VWAP : A continuous line of the the daily Volume Weighted Average Price (VWAP) Weekly VWAP : A continuous line of the weekly VWAP 2-Day AVWAP : The anchored VWAP from 2 trading days ago (holidays and weekends are excluded in this calculation) 3-Day AVWAP : The anchored VWAP from 3 trading days ago 4-Day AVWAP : The anchored VWAP from 4 trading days ago 5-Day AVWAP : The anchored VWAP from 5 trading days ago. The slope of this line and the position of the price relative to this line can be used to determine trend direction. 10-Day AVWAP : The anchored VWAP from 10 trading days ago Month-to-Date AVWAP : The anchored VWAP from the beginning of the current month Year-to-Date AVWAP : The anchored VWAP from the beginning of the current year Custom Date AVWAP : Sets a date to begin an anchored VWAP starting from any time. Use only the most recent VWAP for Week, Month, and Year: Toggles on and off the continuous weekly, monthly, and yearly VWAPs Calculations This indicator does not provide buy or sell signals. It is simply the VWAP calculated starting from an “anchor point”, or start time. It is the calculated by the summation of Price x Volume / Volume for the period starting at the anchor point. How to Interpret According to Brian Shannon, VWAP is an objective measure of what the average trader has paid for a particular equity over a given period, and is the value that large institutional investors frequently use as a trade signal. Therefore, by definition, when the price is above an AVWAP, buyers are in control for that period of time. Likewise, if the price is below the AVWAP, sellers are in control for that period of time. Shannon also distinguishes the importance of an increasing or decreasing 5 day VWAP, which reflects the price sentiment, objectively, for roughly the last trading week, or 5 trading days. Pricing below a decreasing 5-day VWAP is considered very bearish, while pricing above an increasing 5-day VWAP is considered bullish and is recommended before considering long positions. Additionally, a custom VWAP can be generated to coincide with important events, such as FOMC meetings, CPI reports, earnings reports, etc. Practically speaking, price action can tend to change direction when a significant VWAP is hit, voiding buy and sell signals. Like moving averages, this indicator can show, in real-time, how a buy or sell signal should be interpreted. A significant AVWAP line is a point of interest, and can serve as strong support or resistance, because large institutions may be using those values for entries or exits. For a great analysis of how to use AVWAP, visit the AlphaTrends channel on Youtube here or you can buy Brian Shannon’s “Anchored VWAP” book on Amazon. Other Usage Notes and Limitations It's important for traders to be aware of the limitations of any indicator and to use them as part of a broader, well-rounded trading strategy that includes risk management, fundamental analysis, and other tools that can help with reducing false signals, determining trend direction, and providing additional confirmation for a trade decision. Diversifying strategies and not relying solely on one type of indicator or analysis can help mitigate some of these risks. Additionally, the indicator may take a little longer to load than usual. On the rare occasion where it fails to load, you may need to remove the indicator and add it back to your chart. Also, if you do encounter this problem, avoid redrawing your chart while the indicator is being added to the screen. Acknowledgements This script uses the MarketHolidays library by @Protervus. Also, for debugging, the JavaScript-style Debug Console by @algotraderdev and the TimeFormattingLibrary by @twingall were invaluable. And, of course, without Brian Shannon's books, videos, and interviews, this indicator would would not be possible.
Pine Script™ indicator
by mwrightinc
23
Golden Cross and Death Cross with ProbabilityThe Advanced Golden and Death Crossover Indicator offers traders a powerful tool for identifying potential buy and sell signals through the classic technical analysis method of moving average crossovers. This script enhances decision-making by dynamically changing the chart background color in response to Golden (bullish) and Death (bearish) crossovers, providing a visual representation of the market's momentum. Features: Golden and Death Crossover Detection: Utilizes a 50-period SMA and a 200-period SMA to identify potential buy (golden cross) and sell (death cross) points. Continuous Background Coloring: Changes the chart's background color to green for golden crosses and red for death crosses, offering an intuitive grasp of market trends. Customizable Lookback Period: Allows users to adjust the lookback period for calculating the success rate of each crossover, making the indicator adaptable to various trading strategies. Success Rate Calculation: Provides an additional layer of analysis by calculating the historical success rate of crossovers within the specified lookback period. Instructions: Adding the Indicator: Search for "Advanced Golden and Death Crossover Indicator" in the TradingView Indicators & Strategies library and add it to your chart. Customization: Access the indicator settings to adjust the lookback period according to your trading preferences. Interpretation: Use the continuous background color as a guide to market conditions, with green indicating bullish momentum and red indicating bearish momentum. The success rate of past crossovers can help assess the reliability of the signals. How the Script Works: The Advanced Golden and Death Crossover Indicator operates by continuously monitoring two key moving averages (MAs) on your chart: a short-term (50-period) SMA and a long-term (200-period) SMA. Here's a step-by-step breakdown of its functionality: Crossover Detection: Golden Cross: When the short-term MA crosses above the long-term MA, indicating potential bullish momentum, the script identifies this as a Golden Cross signal. Death Cross: Conversely, when the short-term MA crosses below the long-term MA, suggesting potential bearish momentum, the script flags this as a Death Cross signal. Background Coloring: Upon detecting a Golden Cross, the script changes the chart background to green, visually representing a bullish market condition. Upon detecting a Death Cross, the chart background turns red, indicating bearish market conditions. This color change remains in effect until the next crossover event, providing a continuous visual cue of the market's trend direction. Success Rate Calculation: The script calculates the historical success rate of these crossovers within a user-defined lookback period. This metric helps assess the reliability of the signals based on past performance. Customization: Users have the flexibility to adjust the lookback period for the success rate calculation, allowing for customization according to individual trading strategies and risk preferences. Application in Trading Analysis: Traders can use this indicator as part of their technical analysis toolkit to make informed decisions about entry and exit points. The visual cues from the continuous background coloring, combined with the success rate of past signals, provide a comprehensive overview of market trends and crossover reliability. It’s important for traders to combine this indicator with other analysis tools and consider broader market conditions to optimize their trading strategy. Disclaimer: This script is provided for educational and informational purposes only and should not be construed as investment advice. Trading involves risk, and you should conduct your own research or consult a financial advisor before making investment decisions. The author or distributor of this script bears no responsibility for any trading losses incurred by users.
Pine Script™ indicator
by FinnoVent
1
MUJBOT - ADVANCED DAILY OPENTitle: MUJBOT - ADVANCED DAILY OPEN Description: The "MUJBOT - ADVANCED DAILY OPEN" is a versatile and user-friendly TradingView indicator designed to enhance daily trading strategies by highlighting the daily open price on the chart. This indicator is particularly useful for traders who focus on intraday price movements around the opening price of the trading day. Key Features: Daily Open Line: Visually represents the opening price of each trading day on the chart, providing a clear reference point for the day's initial market sentiment. Dynamic Testing Counter: Keeps track of how many times the price tests or crosses the daily open level within the day. This feature offers insight into the significance and market reaction to the daily open price. Customizable Display: Includes an option to show or hide the daily open line and the testing counter label. Traders can easily toggle the display according to their preference, keeping their charts uncluttered. Real-Time Updates: The label and line are dynamically updated in real-time with each new price bar, ensuring traders have the most current information at their fingertips. Simplicity and Efficiency: With a straightforward design, the indicator adds minimal complexity to the chart while providing valuable trading information. Usage: Intraday Trading: Ideal for intraday traders, the indicator helps in identifying how the current price is behaving relative to the opening price, which can be a crucial factor in decision-making. Support and Resistance: The daily open can act as a natural support or resistance level. Monitoring how the price interacts with this level can provide insights into potential breakout or reversal opportunities. Trend Analysis: Observing the frequency of the daily open price being tested can give clues about the day's trend strength and potential continuation or reversal. Customization Options: Toggle the visibility of the daily open line and label. The line extends six bars ahead from the daily open for clear visibility. The label displays the daily open price and the count of how many times it has been tested. Conclusion: The "MUJBOT - ADVANCED DAILY OPEN" indicator is a valuable tool for traders who emphasize the importance of the daily open in their trading strategy. Its simplicity, combined with real-time tracking features, makes it an essential addition to the trader's toolkit on TradingView. Feel free to modify or add any additional details specific to your trading strategy or indicator functionality.
Pine Script™ indicator
by JohnyCardano
Intraday Fibonacci Levels [Gorb]Welcome to the Intraday Fibonacci Levels indicator, a dynamic and customizable tool designed for traders who incorporate Fibonacci retracements and extensions into their technical analysis. This indicator focuses on intraday price action, allowing you to select a specific candle from any trading session and visualize crucial Fibonacci levels derived from its high and low prices. Features: Candle Selection for Fibonacci Analysis: Select any candle based on its time to plot Fibonacci levels, giving you control over the period of analysis. Customizable .236 and .618 Fibonacci Levels: Plot and customize the .236 and .618 Fibonacci retracement and extension levels. Adjust color and line style for each level to fit your chart preferences. User-Friendly Interface: Easy-to-use input fields for selecting the candle time and configuring Fibonacci settings. Intuitive toggle options to display or hide specific Fibonacci levels. Dynamic Updating: The indicator updates in real-time as new price data is received, ensuring you have the latest Fibonacci levels on your chart. Usage Case: This indicator is ideal for day traders and technical analysts who utilize Fibonacci tools to identify potential support and resistance levels, trend reversals, or continuation patterns. Whether you are analyzing a high-impact news event candle or a significant pivot point in the trading day, this indicator helps bring clarity to your Fibonacci-based trading strategy. Guidelines for Usage: Use the indicator settings to select the candle time and configure your desired Fibonacci levels. You can choose any time you want, in order to use premarket candles you need to enable electronic hours on your chart to have levels plot from pre/post. These auto plotted levels can act as pivot points or points of support and resistance for traders to make informed trading decisions near these levels. Analyze the plotted Fibonacci levels in conjunction with other technical indicators or price action patterns for informed trading decisions. Conclusion: This indicator is a versatile and essential tool for traders who rely on Fibonacci analysis as part of their trading arsenal. By offering the flexibility to analyze specific candles and customize Fibonacci levels, this indicator empowers you to make more informed trading decisions. Its user-friendly design and real-time updating capabilities ensure that you have access to accurate and relevant Fibonacci data at any moment of the trading day. RISK DISCLAIMER All content, tools, scripts & education provided by Monstanzer or Gorb Algo are for informational & educational purposes only. Trading is risk and most lose their money, past performance does not guarantee future results.
Pine Script™ indicator
by GorbAlgo
Donch +This is an indicator I made for trading Forex to help me see the bigger picture. It is meant for the 30min TF and it includes the following: - 20 Day High | Low - 5 Day High | Low - 4 Hour High | L - 4 Hour Bars - Daily Simple Moving Averages - Weekly Trend Line (connects last week's open to this week's open) - Daily Trend Line (connects yesterday's open to today's open) - Horizontal Lines at 0.25% increments (these can be useful for S/R... currency rarely moves more than 1% in a day). - A table with information about what markets are open and technicals on the pair I am looking at. - A slight white background fill to highlight the first hour of the US session. Knowing what session you are in is very important in day trading (in my opinion). This lets me go back and see how the US has been trading. To keep the chart from being "too busy" (it's plenty busy lol), I use a step line and focus on 30min closes. I reference the white lines above and below closes for 4hr highs/lows and don't bother with looking at the high/low of every 30 min bar. For the table, you will see bright green by the country for the first hour of trading in that session. It will turn to a regular green after the first hour. It will turn yellow the final hour of that session. It will turn red if that market is closed. You can select from the settings 'inputs' tab to enable/disable any parts of this you don't find useful, for the table you'd go over to the 'style' tab and unselect it there. For example, I don't use the labels regularly. If I were to get confused about what a moving average was or something, I'd enable the labels and clarify. Currency doesn't like to break out and likes to be stable. Keeping this in mind, you can see how the 20 day high / low and the 5 day high / low act as support and resistance (unless there is a news event to break out on. I have alerts for the following: - Price update every hour - Crossing a trend line - Crossing a moving average - Crossing a 0.25% increment - Making a new 4 hour, 5 day, or 20 day high/low To enable the alerts, you would click add alert, select the indicator, and click save. To work properly, you'd want to be on the 30min TF before doing this. You will get a lot of alerts (personally I like this because I like to see how currency moves throughout the day). You will get one notification per 30 minutes but not more than that for the particular alert.
Pine Script™ indicator
by codysettle
2
Key Levels | Flux Charts💎 GENERAL OVERVIEW Introducing our new Key Levels indicator! This indicator allows you to see the key levels on the current chart such as previous day lows / highs, pre-market data, yesterday's close, today's open, pivot points, and much more! It's highly user-friendly with every line being individually customizable and having a wide range of text options. Features of the new Key Levels indicator : Today & Yesterday High, Low, Open & Close Previous 3-10th Day Highs & Lows Pre-Market Highs & Lows Previous Month High & Low High & Low Pivots Combination Of Same Levels Wide Customization Options 📌 HOW DOES IT WORK ? Key levels are important areas in a chart where a significant reaction is expected. In this indicator, you can enable up to the previous 10 days highs and lows, yesterday's close / today's open, and the latest pivot points. Key levels generally act like support & resistance. Here are a few examples : As shown, key levels play an important role determining the current trend and can be useful in identifying potential levels where the market will reverse or breakout. 🚩UNIQUENESS 1. More Key Levels We believe that past key levels may be as important as current ones. Some of the key-levels indicators do not include them even though strong reactions can happen around them. Thus, our indicator let's you check up to 10 days backwards. You can select the ones you think that are the most important and just enable them, making the indicator customizable to your liking. 2. Pre-Market Data With assets that have pre-market data available, it's crucial to analyze it to have a better understanding of the market in regular trading hours. Our indicator will plot pre-market highs and lows, even if your chart is in the regular trading hours only mode. We believe this will be helpful with your analyzing process. 3. Combination The indicator can dynamically combine same key levels, so you can have a clear look to the chart without lines & text colliding with each other. This would also help you determine stronger key levels as if a key level occured more than a time, it could be a sign that it's a stronger one. An example : To summarize, using key levels is an essential skill while detecting zones where strong reactions are expected. This indicator provides up to 10 day's high and low levels, and all of them can be individually turned on / off. Traders that believe older key levels can be important and want to look at the whole picture may use this feature. Also for assets that have pre-market data available, the indicator provides pre-market levels as well. Besides all that, High & Low pivots will provide latest key levels so traders can use them in their decisions. ⚙️SETTINGS 1. General Configuration You can enable / disable : 1. Today's High / Low / Open 2. Yesterday's High / Low / Close 3. 3th-10th Day High / Low 4. Pre-Market High / Low 5. Previous Month High / Low You can also change the colors and switch their line styles between solid, dashed and dotted. 2. High & Low Pivots Enabled -> Enable / Disable High & Low Pivots Pivot Range -> The range used in the detection of pivot points. Larger values will result in less pivot points, while smaller values will provide more pivot points. This essentially determines how many bars to the right & left shouldn't exceed the pivot's high or low. You can also change the text color and text size of the pivots from the settings. 3. Style settings Text Offset -> How many bars of offset should the texts have to the right. Increase if text collides with bars while Align Labels option is set to "Right". Extend Lines -> If enabled, lines will be extended infinitely to right & left. If disabled, all lines will be clamped in their timelines. Show Line Values -> If enabled, line information text will contain their price. Align Labels -> Right = Align line labels to right. Center = Line labels will always be at the center of the screen.
Pine Script™ indicator
by fluxchart
19
Overbought / Oversold Screener## Introduction **The Versatile RSI and Stochastic Multi-Symbol Screener** **Unlock a wealth of trading opportunities with this customizable screener, designed to pinpoint potential overbought and oversold conditions across 17 symbols, with alert support!** ## Description This screener is suitable for tracking multiple instruments continuously. With the screener, you can see the instant RSI or Stochastic values of the instruments you are tracking, and easily catch the moments when they are overbought / oversold according to your settings. The purpose of the screener is to facilitate the continuous tracking of multiple instruments. The user can track up to 17 different instruments in different time intervals. If they wish, they can set an alarm and learn overbought oversold according to the values they set for the time interval of the instruments they are tracking.** Key Features: Comprehensive Analysis: Monitors RSI and Stochastic values for 17 symbols simultaneously. Automatically includes the current chart's symbol for seamless integration. Supports multiple timeframes to uncover trends across different time horizons. Personalized Insights: Adjust overbought and oversold thresholds to align with your trading strategy. Sort results by symbol, RSI, or Stochastic values to prioritize your analysis. Choose between Automatic, Dark, or Light mode for optimal viewing comfort. Dynamic Visual Cues: Instantly highlights oversold and overbought symbols based on threshold levels. Timely Alerts: Stay informed of potential trading opportunities with alerts for multiple oversold or overbought symbols. ## Settings ### Display **Timeframe** The screener displays the values according to the selected timeframe. The default timeframe is "Chart". For example, if the timeframe is set to "15m" here, the screener will show the RSI and stochastic values for the 15-minute chart. ** Theme ** This setting is for changing the theme of the screener. You can set the theme to "Automatic", "Dark", or "Light", with "Automatic" being the default value. When the "Automatic" theme is selected, the screener appearance will also be automatically updated when you enable or disable dark mode from the TradingView settings. ** Position ** This option is for setting the position of the table on the chart. The default setting is "middle right". The available options are (top, middle, bottom)-(left, center, right). ** Sort By ** This option is for changing the sorting order of the table. The default setting is "RSI Descending". The available options are (Symbol, RSI, Stoch)-(Ascending, Descending). It is important to note that the overbought and oversold coloring of the symbols may also change when the sorting order is changed. If RSI is selected as the sorting order, the symbols will be colored according to the overbought and oversold threshold values specified for RSI. Similarly, if Stoch is selected as the sorting order, the symbols will be colored according to the overbought and oversold threshold values specified for Stoch. From this perspective, you can also think of the sorting order as a change in the main indicator. ### RSI / Stochastic This area is for selecting the parameters of the RSI and stochastic indicators. You can adjust the values for "length", "overbought", and "oversold" for both indicators according to your needs. The screener will perform all RSI and stochastic calculations according to these settings. All coloring in the table will also be according to the overbought and oversold values in these settings. ### Symbols The symbols to be tracked in the table are selected from here. Up to 16 symbols can be selected from here. Since the symbol in the chart is automatically added to the table, there will always be at least 1 symbol in the table. Note that the symbol in the chart is shown in the table with "(C)". For example, if SPX is open in the chart, it is shown as SPX(C) in the table. ## Alerts The screener is capable of notifying you with an alarm if multiple symbols are overbought or oversold according to the values you specify along with the desired timeframe. This way, you can instantly learn if multiple symbols are overbought or oversold with one alarm, saving you time.
Pine Script™ indicator
by eraydiler
1
Custom Time Frame (CTF)This indicator allows users to create their own arbitrary time frames for chart analysis. It features a moving average, providing an additional layer of analysis, and offers flexibility through various open settings. In terms of user settings and usage, the indicator provides several options. Users can choose their interval style, opting for either tick-based or time-based intervals. This flexibility allows for a more granular approach to data analysis, catering to different trading strategies and preferences. The number of ticks or the amount of time for each candle can be adjusted, enabling traders to set the granularity of the data to their liking. Color settings are also customizable, with options for setting colors for bullish and bearish indicators, adding a visual dimension to the analysis. The average line parameters are an important aspect of this indicator. Users can adjust the length, ripple, type, color, and line width of the average line. The ripple setting, in particular, impacts the smoothness of the filter. With type II setting, the smoothing is increased, making it suitable for traders who prefer a more smoothed out moving average. Conversely, the type I setting decreases the smoothing, which might be preferred by those who want a more responsive indicator. The use of the Chebyshev filter is a significant feature of this indicator. This filter is chosen for its high-performance smoothing capabilities with minimal data requirements. This ensures that the moving average appears quickly and accurately, which is crucial in real-time chart analysis. An important point to note is that when the moving average is enabled, it decreases the maximum number of candles that can be displayed on the chart. However, this is offset by the enhanced analytical precision provided by the moving average. In summary, this indicator is especially beneficial for traders without access to premium accounts. It offers the capability to create low or custom time frame charts. The flexibility in settings, coupled with the inclusion of a Chebyshev filter for the moving average, makes it a versatile and valuable tool for detailed market analysis. It caters to a wide range of trading styles and strategies, making it a useful addition to any trader's toolkit.
Pine Script™ indicator
by The_Peaceful_Lizard
6
Altcoin ManagerThe Altcoin Manager is a comprehensive script for identifying the current altcoin narrative by tracking and analyzing of a wide array of altcoins across various blockchain layers and categories, such as DeFi, GameFi, AI, and Meme coins. Ideal for traders looking to get a broad yet detailed view of the altcoin market, covering various sectors and chains. The Key Features: Versatile Asset Tracking: Tracks 40 different cryptocurrencies (as of publishing) across different categories, allowing for a diversified and detailed analysis of the altcoin market. Customizable Assets and Category Analysis: Select 20 of your own coins across 4 different categories such as DeFi, GameFi, AI, and Meme coins as well as specifying their individual chains. Dynamic Layer and Chain Analysis: Includes options to plot and analyze specific blockchain layers and chains such as Ethereum Chain, Solana Chain, BNB Smart Chain, Arbitrum Chain, and Polygon Chain. The script associates various assets with specific blockchains, providing a clearer picture of how different segments of the altcoin market are performing. Cumulative and Per-Candle Change: Switch between viewing the total cumulative change since a set start date or the per-candle change, offering flexibility in analyzing price movements over different timeframes. Denomination Adjustment: Includes a functionality to denominate asset prices in other currencies or crypto such as BTC, allowing for a more tailored financial analysis according to your preference. Moving Averages for Categories and Chains: Calculates and plots moving averages for each category and chain, aiding in the identification of trends over the selected moving average length. How do I use it? This script is not used with any particular chart. Instead, assign it it's own tab and layout. For a clearer analysis, use multiple different panels to track Categories and Chains separately, both Cumulative for a longer term analysis and Per-Candle to find ongoing breakouts and changes in trend. You can either use the pre-selected altcoins to represent the market, or you can select your own. The Layer 1 and Layer 2 are not customizable but consists of 15 popular Layer 1 incl Bitcoin, Ethereum, Solana etc. Layer 2 consists of 5 popular Layer 2.
Pine Script™ indicator
by AlgoRhythmica
Stock WatchOverview Watch list are very common in trading, but most of them simply provide the means of tracking a list of symbols and their current price. Then, you click through the list and perform some additional analysis individually from a chart setup. What this indicator is designed to do is provide a watch list that employs a high/low price range analysis in a table view across multiple time ranges for a much faster analysis of the symbols you are watching. Discussion The concept of this Stock Watch indicator is best understood when you think in terms of a 52 Week Range indication on many financial web sites. Taken a given symbol, what is the high and the low over a 52 week range and then determine where current price is within that range from a percentage perspective between 0% and 100%. With this concept in mind, let's see how this Stock Watch indicator is meant to benefit. There are four different H/L ranges relative to the chart's setting and a Scope property. Let's use a three month (3M) chart as our example and set the indicator's Scope = 4. A 3M chart provides three months of data in a single candle, now when we set the Scope = 4 we are stating that 1X is going to look over four candles for the high/low range. The Scope property is used to determine how many candles it is to scan to determine the high/low range for the corresponding 1X, 3X, 5X and 10X periods. This is how different time ranges are put into perspective. Using a 3M chart with Scope = 4 would represent the following time windows: - 1X = 3M * 4 is a 12 Months or 1 Year High/Low Range - 3X = 3M * 4 * 3 is a 36 Months or 3 Years High/Low Range - 5X = 3M * 4 * 5 is a 60 Months or 5 Years High/Low Range - 10X = 3M * 4 * 10 is a 120 Months or 10 Years High/Low Range. With these calculations, the indicator then determines where current price is within each of these High/Low ranges from a percentage perspective between 0% and 100%. Once the 0% to 100% value is calculated, it then will shade the value according to a color gradient from red to green (or any other two colors you set the indictor to). This color shading really helps to interpret current price quickly. The greater power to this range and color shading comes when you are able to see where price is according to price history across the multiple time windows. In this example, there is quick analysis across 1 Year, 3 Year, 5 Year and 10 Year windows. Now let's further improve this quick analysis over 15 different stocks for which the indicator allows you to watch up to at any one time. For value traders this is huge, because we're always looking for the bargains and we wait for price to be in the value range. Using this indicator helps to instantly see if price has entered a value range before we decide to do further analysis with other charting and fundamental tools. The Code The heart of all this is really very simple as you can see in the following code snippet. We're simply looking for the highest high and lowest low across the different scopes and calculating the percentage of the range where current price is for each symbol being watched. scope = baseScope watch1X = math.round(((watchClose - ta.lowest(watchLow, scope)) / (ta.highest(watchHigh, scope) - ta.lowest(watchLow, scope))) * 100, 0) table.cell(tblWatch, columnId, 2, str.format("{0, number, #}%", watch1X), text_size = size.small, text_color = colorText, bgcolor = getBackColor(watch1X)) //3X Lookback scope := baseScope * 3 watch3X = math.round(((watchClose - ta.lowest(watchLow, scope)) / (ta.highest(watchHigh, scope) - ta.lowest(watchLow, scope))) * 100, 0) table.cell(tblWatch, columnId, 3, str.format("{0, number, #}%", watch3X), text_size = size.small, text_color = colorText, bgcolor = getBackColor(watch3X)) Conclusion The example I've laid out here are for large time windows, because I'm a long term investor. However, keep in mind that this can work on any chart setting, you just need to remember that your chart's time period and scope work together to determine what 1X, 3X, 5X and 10X represent. Let me try and give you one last scenario on this. Consider your chart is set for a 60 minute chart, meaning each candle represents 60 minutes of time and you set the Stock Watch indicator to a scope = 4. These settings would now represent the following and you would be watching up to 15 different stocks across these windows at one time. 1X = 60 minutes * 4 is 240 minutes or 4 hours of time. 3X = 60 minutes * 4 * 3 = 720 minutes or 12 hours of time. 5X = 60 minutes * 4 * 5 = 1200 minutes or 20 hours of time. 10X = 60 minutes * 4 * 10 = 2400 minutes or 40 hours of time. I hope you find value in my contribution to the cause of trading, and if you have any comments or critiques, I would love to here from you in the comments.
Pine Script™ indicator
by RMCapital668