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Binary Options Pro Helper By Himanshu AgnihotryThe Binary Options Pro Helper is a custom indicator designed specifically for one-minute binary options trading. This tool combines technical analysis methods like moving averages, RSI, Bollinger Bands, and pattern recognition to provide precise Buy and Sell signals. It also includes a time-based filter to ensure trades are executed only during optimal market conditions. Features: Moving Averages (EMA): Uses short-term (7-period) and long-term (21-period) EMA crossovers for trend detection. RSI-Based Signals: Identifies overbought/oversold conditions for entry points. Bollinger Bands: Highlights market volatility and potential reversal zones. Chart Pattern Recognition: Detects double tops (sell signals) and double bottoms (buy signals). Time-Based Filter: Trades only within specified hours (e.g., 9:30 AM to 11:30 AM) to avoid unnecessary noise. Visual Signals: Plots buy and sell markers directly on the chart for ease of use. How to Use: Setup: Add this script to your TradingView chart and select a 1-minute timeframe. Signal Interpretation: Buy Signal: Triggered when EMA crossover occurs, RSI is oversold (<30), and a double bottom pattern is detected. Sell Signal: Triggered when EMA crossover occurs, RSI is overbought (>70), and a double top pattern is detected. Timing: Ensure trades are executed only during the specified time window for better accuracy. Best Practices: Use this indicator alongside fundamental analysis or market sentiment. Test it thoroughly with historical data (backtesting) and in a demo account before live trading. Adjust parameters (e.g., EMA periods, RSI thresholds) based on your trading style.
Pine Script™ indicator
by himanshuaggnihotry881
BITCOIN BTC Neural AI Strategy by NHBprodHey everyone, here's a new trading strategy script for Bitcoin, and I’m super excited to share it with you. It’s called the "BITCOIN BTC Neural AI Strategy." It creates a neural network using RSI, MACD, and EMA which are weighted and undergo a mathematical transformation to result in a single value. Plotting the single value, and adding thresholds gives you the ability to trade. This is the strategy script, but I also have the indicator script which can be used to automate buy and sell signals directly to your phone, email, or your bot. What It Does RSI: Measures momentum (like, is the market pumped or tired?). MACD: Checks if momentum is gaining or slowing (super handy for spotting moves). EMA: Follows the big trend (like the market’s vibe over time). Then, it smooshes all this data together and spits out a single number I call the Neural Proxy Value. If the value goes above 0.5, enter a long trade, and if it drops below -0.5, you can sell, and even short it if you'd like. Backtest Results Some notables: I included slippage & I included commission. 77% net profit on a 10,000 starting account. Hundreds of trades, and covers the maximum amount of time allowed in tradingview. The script is ready for BITCOIN and I deploy it on the 1 hour timeframe because I feel like 1 hour bars get enough data to make solid judgements. How to Use It Look at the Neural Proxy line—it’s color-coded and easy to spot. For traders who only trade long: When the Neural Proxy line is above 0.5 = buy When the Neural Proxy line is below -0.5 = sell For traders who only trade short: When the Neural Proxy line is above 0.5 = exit the short When the Neural Proxy line is below -0.5 = enter the short This strategy (and the pairing indicator script) is able to be used to trade long only, short only, or both long & short to maximize trade opportunities.
Pine Script™ strategy
by nhbprod
Venta's DikFat Spread Visualizer & Dynamic Options Chain **Venta's DikFat Spread Visualizer and Options Chain Strike Scanner** is a powerful trading tool designed to give users an immediate view of the nearest options strikes relative to the current price of the underlying asset. This script dynamically displays a selected number of call and put options strikes from the **options chain**, visualizing them directly on the chart for better decision-making. By default, the script shows options strikes for the current chart’s price, but users have the flexibility to extend the view to include strikes on the opposite side of the market. The available options allow you to show either 3, 6, or 9 strikes on either side of the current price level. This tool is essential for options traders who want to track strike prices in relation to the underlying asset's price movements. It provides key visual clues such as strike price distributions, volatility, and potential areas of market basing—all in a customizable and user-friendly interface. --- █  CONCEPTS This script pulls real-time **options strikes** directly from the **options chain**, providing traders with the ability to see call and put strikes as dynamic price markers on their chart. The concept revolves around understanding the proximity and distribution of strikes based on the current price and market conditions. Key Features **Dynamic Options Strike Display**: The script automatically identifies and displays the options strikes closest to the current market price of the underlying asset. **Customizable Strike Range**: Choose between 3, 6, or 9 strikes on either side of the current price, giving flexibility in visualizing different strike ranges. **Current Chart Focused by Default**: When added to the chart, the script focuses on the strikes closest to the current price. However, users can opt to include strikes on the opposite side of the market for a broader view. **Instant Market Context**: The displayed strikes offer a snapshot of the options market and how the current price relates to potential option expiration levels, helping traders understand key zones. **Visual Clues on Spreads & Volatility**: This script not only displays the strikes but also provides instant visual clues that reflect the volatility and spread of the options market. --- █  HOW IT WORKS The script operates by accessing the **options chain** for the underlying asset, identifying the nearest call and put strikes, and plotting them as visual markers on the chart. This real-time strike data is dynamic, adjusting automatically as the market price moves. Strike Calculation The script uses the current price of the underlying asset as a base point and calculates the nearby **options strikes** from the **options chain**. Depending on the user's settings, the script will plot up to 9 strikes on either side of the price level. This calculation is performed using live market data, making sure the plotted strikes always reflect the most current market conditions. Visual Clues **Spreads**: The space between the plotted call and put options strikes provides immediate insights into the current bid/ask spreads. If the spread between strike prices is wide, it suggests increased volatility or a higher level of uncertainty in the market. Conversely, narrow spreads often indicate market stability or a lack of price movement. **Market Basing**: When options strikes form a concentrated group near a certain price level, it can indicate that the market is building up or basing at a key level. This might signal the potential for a breakout or a reversal. **Volatility Insights**: Wider gaps between strikes, particularly on the call side versus the put side (or vice versa), can indicate an imbalance in options trading activity, often a reflection of higher volatility expectations. This visual clue can help traders assess when the market is pricing in significant movements. Customization and User Settings **Number of Strikes**: The number of options strikes shown is fully customizable, allowing users to display 3, 6, or 9 strikes on either side. **Show Opposite Strikes**: By default, the script shows strikes on the current side of the market, but users can enable the option to show strikes on the opposite side to gain a more complete view of the market's options landscape. **Strike Colors & Width**: Customize the visual appearance of the plotted strikes by adjusting the color and line width for better clarity and chart aesthetics. --- █  POTENTIAL USE CASES This indicator is especially valuable for **options traders**, **market analysts**, and anyone interested in gaining insights into the underlying options market. Here are some of the key use cases: **Options Traders**: Quickly identify the nearest strike prices and understand the risk/reward potential for options positions. The ability to customize the number of strikes shown allows traders to focus on the most relevant price levels. **Volatility Monitoring**: Use the visual clues from the spread between strike prices to assess the level of volatility in the options market. A wider spread suggests that options traders are expecting more significant price moves, while a narrow spread indicates less expected movement. **Support and Resistance Identification**: The clustering of strike prices on one side of the market can indicate a potential support or resistance level. By monitoring these levels, traders can get a sense of where the market may reverse or consolidate. **Market Sentiment Analysis**: A large concentration of call strikes above the current price level, or put strikes below, can be an indication of market sentiment, such as whether traders are generally bullish or bearish. **Risk Management**: By tracking nearby options strikes, traders can adjust their strategies to minimize risk, especially when market price levels approach significant strike points. --- █  FEATURES **Real-Time Data**: The script pulls data from the **options chain**, ensuring that the plotted strikes are always up-to-date with the current market price. **User-Friendly Interface**: Clear and customizable inputs allow users to easily adjust the number of strikes displayed and control visual settings such as colors and line widths. **Visual Strike Indicators**: Instantly spot volatility, market basing, and spread imbalances through visual clues from the plotted strikes, enhancing your market analysis. --- █  LIMITATIONS **Accuracy Depends on Market Data**: This indicator relies on the available **options chain** data. While the data is updated in real-time, its accuracy may depend on the liquidity and availability of options contracts in the market. **Not Suitable for Non-Options Traders**: If you don’t trade options, the relevance of this indicator may be limited as it is designed specifically to provide insight into the options market. **Data Delays**: In fast-moving markets, there may be a slight delay in the updating of strike prices, depending on the data feed. --- █  HOW TO USE **Load the Script**: Add the **Venta's DikFat Spread Visualizer and Options Chain Strike Scanner** script to your TradingView chart. **Adjust Settings**: Use the input options to select the number of strikes you want to display (3, 6, or 9). You can also choose whether to display only the current chart’s strikes or include strikes from the opposite side. **Interpret the Strikes**: Look at the plotted strikes to gain insights into where the market is currently pricing options and where major strike prices are located. Pay attention to the spreads, concentrations, and volatility signals. **Monitor the Market**: As the market moves, watch how the strikes shift and cluster, providing you with real-time information about market sentiment and potential volatility. --- █  THANKS We would like to extend our gratitude to the PineCoders community for their ongoing support and contributions to the TradingView Pine Script ecosystem. Special thanks to The Options Team.
Pine Script™ indicator
by Midgar-
4
Trident FinderIntroduction to the Trident Finder The Trident Finder is a Pine Script indicator that identifies unique bullish and bearish patterns called Tridents. These patterns are based on specific relationships between consecutive candles, combined with a simple moving average (SMA) filter for added precision. By spotting these patterns, traders can potentially identify high-probability reversal points or trend continuations. Core Logic The indicator identifies two patterns: Bullish Trident A bullish Trident forms when: Candle (two candles back) has its High-Low range entirely above Candle (the preceding candle). Candle (the current candle) has its Open-High-Low-Close (OHLC) above the Low of Candle . Candle closes higher than it opens and higher than Candle ’s close. Candle closes below the SMA, indicating a potential upward breakout against the trend. Bearish Trident A bearish Trident forms when: Candle has its High-Low range entirely below Candle . Candle has its OHLC below the High of Candle . Candle closes lower than it opens and lower than Candle ’s close. Candle closes above the SMA, indicating a potential downward breakout against the trend. Visual Representation Bullish Tridents are marked with green "Up" labels below the candle. Bearish Tridents are marked with red "Down" labels above the candle. The SMA is plotted as a maroon line to serve as a filter for the Trident patterns.
Pine Script™ indicator
by LuxmiAI
Multi-Timeframe VWAP Strategy [JARUTIR]Multi-Timeframe VWAP with Price Above VWAP Marker This indicator allows you to view the Volume-Weighted Average Price (VWAP) across multiple timeframes on a single chart. The VWAP is a popular technical analysis tool used by traders to determine the average price of an asset weighted by volume. It helps identify the overall market trend and is especially useful for intraday trading. Key Features : Multiple Timeframes: Choose from 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, and 1-day VWAPs. You can enable or disable the VWAP for any timeframe based on your preference. Customizable: Easily toggle on/off the VWAP for each timeframe via checkboxes in the settings. Price Above VWAP Marker: A clear green up arrow is displayed above the price bar whenever the price is above the current VWAP, helping you quickly spot potential bullish signals. Flexible & Easy to Use: Adjust the settings for any timeframe and see the VWAPs on your chart without clutter. Whether you are trading in the short term or analyzing longer-term trends, this tool provides you with the flexibility you need. How to Use : VWAP as Trend Indicator: The VWAP is commonly used to identify whether the price is trending above or below the average price for the session. Price above the VWAP generally signals bullish momentum, while price below the VWAP can indicate bearish pressure. Price Above VWAP Marker: The green up arrow is your signal for when the price is above the VWAP, which can be used as a potential entry point for long trades. Customize Timeframes: Whether you're focusing on ultra-short-term movements (like 1-min or 5-min) or need a broader view (like 1-hour or 1-day), this indicator lets you tailor the analysis to your preferred time horizon. Ideal For : Intraday Traders looking for quick signals on different timeframes. Swing Traders who want to track the overall market trend with multiple VWAP levels. Scalpers needing to monitor fast price movements alongside volume-weighted averages
Pine Script™ indicator
by JARUTIR
heaven rope Meta AI: Here's a brief description of a price action indicator that works similarly to the Super Moving Channel (SMC) indicator: Indicator Name: Moving Average Cloud (MAC) *Description:* The Moving Average Cloud (MAC) is a price action indicator that combines multiple moving averages to create a "cloud" that surrounds the price action. This cloud acts as a dynamic support and resistance zone, helping traders identify trends, reversals, and potential trading opportunities. *Key Components:* 1. *Multiple Moving Averages*: The MAC uses a combination of short-term and long-term moving averages to create the cloud. 2. *Cloud Formation*: The moving averages are plotted on the chart, creating a cloud-like formation that adapts to changing market conditions. 3. *Support and Resistance*: The cloud acts as a dynamic support and resistance zone, helping traders identify potential trading opportunities. *Trading Strategies:* 1. *Trend Following*: Use the MAC to identify the trend direction and follow it. 2. *Mean Reversion*: Look for price action to revert to the mean (the cloud) after a significant move. 3. *Breakout Trading*: Trade breakouts from the cloud, using the cloud as a reference point for support and resistance. The Moving Average Cloud (MAC) indicator provides a unique perspective on price action, helping traders make more informed decisions. Meta AI: Here's a brief description of a price action indicator that works similarly to the Super Moving Channel (SMC) indicator: Indicator Name: Moving Average Cloud (MAC) *Description:* The Moving Average Cloud (MAC) is a price action indicator that combines multiple moving averages to create a "cloud" that surrounds the price action. This cloud acts as a dynamic support and resistance zone, helping traders identify trends, reversals, and potential trading opportunities. *Key Components:* 1. *Multiple Moving Averages*: The MAC uses a combination of short-term and long-term moving averages to create the cloud. 2. *Cloud Formation*: The moving averages are plotted on the chart, creating a cloud-like formation that adapts to changing market conditions. 3. *Support and Resistance*: The cloud acts as a dynamic support and resistance zone, helping traders identify potential trading opportunities. *Trading Strategies:* 1. *Trend Following*: Use the MAC to identify the trend direction and follow it. 2. *Mean Reversion*: Look for price action to revert to the mean (the cloud) after a significant move. 3. **Breakout Trading
Pine Script™ indicator
by obiking75
heaven rope Meta AI: Here's a brief description of a price action indicator that works similarly to the Super Moving Channel (SMC) indicator: Indicator Name: Moving Average Cloud (MAC) *Description:* The Moving Average Cloud (MAC) is a price action indicator that combines multiple moving averages to create a "cloud" that surrounds the price action. This cloud acts as a dynamic support and resistance zone, helping traders identify trends, reversals, and potential trading opportunities. *Key Components:* 1. *Multiple Moving Averages*: The MAC uses a combination of short-term and long-term moving averages to create the cloud. 2. *Cloud Formation*: The moving averages are plotted on the chart, creating a cloud-like formation that adapts to changing market conditions. 3. *Support and Resistance*: The cloud acts as a dynamic support and resistance zone, helping traders identify potential trading opportunities. *Trading Strategies:* 1. *Trend Following*: Use the MAC to identify the trend direction and follow it. 2. *Mean Reversion*: Look for price action to revert to the mean (the cloud) after a significant move. 3. *Breakout Trading*: Trade breakouts from the cloud, using the cloud as a reference point for support and resistance. The Moving Average Cloud (MAC) indicator provides a unique perspective on price action, helping traders make more informed decisions. Meta AI: Here's a brief description of a price action indicator that works similarly to the Super Moving Channel (SMC) indicator: Indicator Name: Moving Average Cloud (MAC) *Description:* The Moving Average Cloud (MAC) is a price action indicator that combines multiple moving averages to create a "cloud" that surrounds the price action. This cloud acts as a dynamic support and resistance zone, helping traders identify trends, reversals, and potential trading opportunities. *Key Components:* 1. *Multiple Moving Averages*: The MAC uses a combination of short-term and long-term moving averages to create the cloud. 2. *Cloud Formation*: The moving averages are plotted on the chart, creating a cloud-like formation that adapts to changing market conditions. 3. *Support and Resistance*: The cloud acts as a dynamic support and resistance zone, helping traders identify potential trading opportunities. *Trading Strategies:* 1. *Trend Following*: Use the MAC to identify the trend direction and follow it. 2. *Mean Reversion*: Look for price action to revert to the mean (the cloud) after a significant move. 3. **Breakout Trading
Pine Script™ indicator
by obiking75
Maverick Henderson Strategy Maverick Henderson Strategy A comprehensive technical analysis indicator that combines several powerful tools: 1. Volume Profile with POC (Point of Control) - Displays volume distribution across price levels - Shows value areas and POC line - Helps identify key support/resistance levels 2. Multiple EMAs (10, 50, 100, 200) - Trend identification and dynamic support/resistance - Price action confirmation - Works best with Heikin Ashi candles 3. Swing Detection & Counting System - Identifies and counts higher highs/lower lows - Dynamic trend strength measurement - Automatically resets on EMA200 crossovers 4. RSI Divergence Detection - Regular bullish/bearish divergences - Hidden bullish/bearish divergences - Filtered by EMA200 position 5. Multi-Timeframe Squeeze Momentum - Analyzes momentum across 1H, 2H, 3H, and 4H timeframes - Shows momentum convergence/divergence - Visual color-coded momentum representation Usage Tips: - Best performance with Heikin Ashi candles - Use EMA crossovers for trend confirmation - Watch for momentum convergence signals - Monitor RSI divergences for potential reversals // ═══════════════════════════════════════════════════════════ If you find this indicator helpful, you can support my work: USDT (BNB Smart Chain - BEP20): 0x0e7fcdcc8939791b48e73882b32df1cddaafa88c // ═══════════════════════════════════════════════════════════ Estrategia Maverick Henderson Un indicador de análisis técnico completo que combina varias herramientas poderosas: 1. Perfil de Volumen con POC - Muestra la distribución del volumen por niveles de precio - Visualiza áreas de valor y línea POC - Ayuda a identificar niveles clave de soporte/resistencia 2. Múltiples EMAs (10, 50, 100, 200) - Identificación de tendencias y soporte/resistencia dinámica - Confirmación de acción del precio - Funciona mejor con velas Heikin Ashi 3. Sistema de Detección y Conteo de Swings - Identifica y cuenta máximos más altos/mínimos más bajos - Medición dinámica de la fuerza de la tendencia - Se reinicia automáticamente en cruces de EMA200 4. Detección de Divergencias RSI - Divergencias regulares alcistas/bajistas - Divergencias ocultas alcistas/bajistas - Filtradas por posición respecto a EMA200 5. Momentum Multi-Temporal - Analiza momentum en marcos de 1H, 2H, 3H y 4H - Muestra convergencia/divergencia de momentum - Representación visual codificada por colores Consejos de Uso: - Mejor rendimiento con velas Heikin Ashi - Usar cruces de EMA para confirmación de tendencia - Observar señales de convergencia de momentum - Monitorear divergencias RSI para posibles reversiones // ═══════════════════════════════════════════════════════════ Si encuentras útil este script y deseas apoyar mi trabajo: USDT (BNB Smart Chain - BEP20): 0x0e7fcdcc8939791b48e73882b32df1cddaafa88c // ═══════════════════════════════════════════════════════════
Pine Script™ indicator
by damianh240
1
SMA Ichimoku CrossesSMA Ichimoku Crosses displays the moving average between the last two crossings of the Tenkan-Sen and Kijun-Sen lines from Ichimoku Kinko Hyo. The line is calculated based on the closing prices at the time of the crossings and is added directly to the price chart, making it a convenient tool for trend analysis and identifying entry and exit points. Features: - Automatic calculation of Tenkan-Sen and Kijun-Sen lines. - Fixation of closing prices at the point of line crossings. - Calculation of the average price between the last two crossings. - Display of a pink line on the price chart for convenient analysis. How to use: - Identify potential trend reversal zones by observing the line’s position relative to the price. - Use the line as a dynamic level of support or resistance. - Include the indicator in your Ichimoku strategies to enhance the accuracy of signals. Suitable for: - Traders using Ichimoku in their trading. - Trend analysis enthusiasts. - Those looking for additional filters for entry and exit points.
Pine Script™ indicator
by PuffPusher
2
KayVee Buy Sell Gold Indicator//@version=6 indicator(title="KayTest", overlay=true) // Input Parameters src = input(defval=close, title="Source") per = input.int(defval=100, minval=1, title="Sampling Period") mult = input.float(defval=3.0, minval=0.1, title="Range Multiplier") // Smooth Range Function smoothrng(x, t, m) => wper = t * 2 - 1 avrng = ta.ema(math.abs(x - x ), t) smoothVal = ta.ema(avrng, wper) * m smoothVal // Compute Smooth Range smrng = smoothrng(src, per, mult) // Range Filter Function rngfilt(x, r) => filtVal = x filtVal := x > nz(filtVal ) ? (x - r < nz(filtVal ) ? nz(filtVal ) : x - r) : (x + r > nz(filtVal ) ? nz(filtVal ) : x + r) filtVal // Apply Filter filt = rngfilt(src, smrng) // Trend Detection upward = 0.0 upward := filt > filt ? nz(upward ) + 1 : filt < filt ? 0 : nz(upward ) downward = 0.0 downward := filt < filt ? nz(downward ) + 1 : filt > filt ? 0 : nz(downward ) // Bands hband = filt + smrng lband = filt - smrng // Colors filtcolor = upward > 0 ? color.lime : downward > 0 ? color.red : color.orange barcolor = src > filt and src > src and upward > 0 ? color.lime : src > filt and src < src and upward > 0 ? color.green : src < filt and src < src and downward > 0 ? color.red : src < filt and src > src and downward > 0 ? color.maroon : color.orange // Plot Indicators plot(filt, color=filtcolor, linewidth=3, title="Range Filter") plot(hband, color=color.new(color.aqua, 90), title="High Target") plot(lband, color=color.new(color.fuchsia, 90), title="Low Target") // Fill the areas between the bands and filter line fill1 = plot(hband, color=color.new(color.aqua, 90), title="High Target") fill2 = plot(filt, color=color.new(color.aqua, 90), title="Range Filter") fill(fill1, fill2, color=color.new(color.aqua, 90), title="High Target Range") fill3 = plot(lband, color=color.new(color.fuchsia, 90), title="Low Target") fill4 = plot(filt, color=color.new(color.fuchsia, 90), title="Range Filter") fill(fill3, fill4, color=color.new(color.fuchsia, 90), title="Low Target Range") barcolor(barcolor) // Buy and Sell Conditions (adjusting for correct line continuation) longCond1 = (src > filt) and (src > src ) and (upward > 0) longCond2 = (src > filt) and (src < src ) and (upward > 0) longCond = longCond1 or longCond2 shortCond1 = (src < filt) and (src < src ) and (downward > 0) shortCond2 = (src < filt) and (src > src ) and (downward > 0) shortCond = shortCond1 or shortCond2 // Initialization of Condition CondIni = 0 CondIni := longCond ? 1 : shortCond ? -1 : CondIni // Long and Short Signals longCondition = longCond and CondIni == -1 shortCondition = shortCond and CondIni == 1 // Plot Signals plotshape(longCondition, title="Buy Signal", text="Buy", textcolor=color.white, style=shape.labelup, size=size.normal, location=location.belowbar, color=color.green) plotshape(shortCondition, title="Sell Signal", text="Sell", textcolor=color.white, style=shape.labeldown, size=size.normal, location=location.abovebar, color=color.red) // Alerts alertcondition(longCondition, title="Buy Alert", message="BUY") alertcondition(shortCondition, title="Sell Alert", message="SELL")
Pine Script™ indicator
by kayvee29
Large Body Candle IndicatorFunctionality Comparison: The indicator compares the body size of the current candle to the maximum body size of the previous 5 candles. Bullish Candles: When a bullish candle (close > open) has a larger body than the previous 5 candles: A green triangle is plotted below the candle The candle is colored green Bearish Candles: When a bearish candle (close < open) has a larger body than the previous 5 candles: A red triangle is plotted above the candle The candle is colored red Key Components Lookback Period: Default set to 5 candles, but can be adjusted by the user. Body Size Calculation: Calculated as the absolute difference between the open and close prices. Maximum Previous Body Size: Determined by comparing the body sizes of the previous 5 candles. Candle Classification: Candles are classified as bullish or bearish based on the relationship between open and close prices. Visual Indicators: Shape plotting for triangles Bar coloring for highlighted candles User Customization Users can adjust the lookback period through the indicator settings, allowing for flexibility in identifying significant candles based on recent price action. Use Cases Identifying potential breakout candles Spotting significant price movements Enhancing visual analysis of price action Supporting decision-making in trading strategies Limitations The indicator does not predict future price movements It's based solely on recent price action and doesn't consider other technical or fundamental factors Conclusion The Large Body Candle Indicator provides a simple yet effective way to visually identify candles that show significant price movement relative to recent price action. It can be a valuable tool when used in conjunction with other technical analysis methods.
Pine Script™ indicator
by mshingote
ZelosKapital Round NumberThe ZelosKapital Round Number Indicator is a tool designed for traders to easily visualize significant round numbers on their charts. Round numbers, such as 1.20000 or 1.21000 in currency pairs, often act as psychological levels in the market where price action tends to react. This indicator automatically marks these levels across the chart, providing a clear reference for potential support and resistance zones. It is customizable, allowing traders to adjust the visual appearance, such as line style, color, and thickness. By highlighting these key levels, the indicator helps traders make more informed decisions and enhances their overall trading analysis.
Pine Script™ indicator
by HrEichZelosKapital
Reversal Scanner (3 Candles)//@version=5 indicator("Parabolic Move & Reversal Scanner (3 Candles)", overlay=true) // Inputs bbLength = input.int(20, title="Bollinger Band Length") bbMult = input.float(2.0, title="Bollinger Band Multiplier") // Bollinger Bands Calculation basis = ta.sma(close, bbLength) dev = ta.stdev(close, bbLength) upperBB = basis + bbMult * dev lowerBB = basis - bbMult * dev // Candle Type Detection isDoji = math.abs(close - open) <= (high - low) * 0.1 // Small body (10% of total range) isShootingStar = (high - math.max(open, close)) >= (high - low) * 0.6 and (math.min(open, close) - low) <= (high - low) * 0.2 // Long upper wick, small lower wick // Conditions for Parabolic Move parabolicMove1 = close > upperBB parabolicMove2 = close > upperBB parabolicMove3 = close > upperBB threeParabolicCandles = parabolicMove1 and parabolicMove2 and parabolicMove3 // Reversal Candle Detection reversalCandle = (isDoji or isShootingStar) and close > upperBB // Doji or Shooting Star near upper BB // Final Signal signal = threeParabolicCandles and reversalCandle // Plot Signal on Chart plotshape(signal, title="Reversal Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="Reversal") // Alerts if signal alert("Reversal Signal: 3 parabolic candles followed by a Doji or Shooting Star near the upper Bollinger Band.", alert.freq_once_per_bar_close)
Pine Script™ indicator
by Shacal10
Quarter Point Theory with Trend Breaks### **Quarter Point Theory with Trend Breaks Indicator** The **Quarter Point Theory with Trend Breaks** indicator is a technical analysis tool designed to identify key price levels and trend reversals in financial markets. It combines the principles of **Quarter Point Theory**—a concept that highlights the significance of prices at rounded fractional levels of an asset—with trend break detection to provide actionable trading insights. #### **Key Features:** 1. **Quarter Point Levels:** - Automatically plots quarter-point levels on the chart (e.g., 0.25, 0.50, 0.75, and 1.00 levels relative to significant price ranges). - Highlights these levels as areas of psychological importance, where price action is likely to consolidate, reverse, or gain momentum. 2. **Trend Break Detection:** - Identifies changes in market direction by detecting breaks in prevailing trends. - Utilizes moving averages, support/resistance lines, or price patterns to signal potential reversals. 3. **Dynamic Visual Cues:** - Color-coded lines or zones to differentiate between support (green), resistance (red), and neutral zones. - Alerts or markers when price approaches or breaks through quarter-point levels or trend lines. 4. **Multi-Timeframe Analysis:** - Offers the ability to analyze quarter-point levels and trend breaks across different timeframes for a comprehensive market view. 5. **Customizable Parameters:** - Allows traders to adjust the sensitivity of trend break detection and the precision of quarter-point level plotting based on their strategy and asset volatility. #### **Use Cases:** - **Swing Trading:** Identify optimal entry and exit points by combining quarter-point levels with trend reversal signals. - **Day Trading:** Utilize intraday quarter-point levels and quick trend changes for scalping opportunities. - **Long-Term Investing:** Spot significant price milestones that could indicate major turning points in an asset’s trajectory. #### **Advantages:** - Simplifies the complexity of market analysis by focusing on universally significant price levels and trends. - Enhances decision-making by integrating two powerful market principles into a single indicator. - Provides a structured framework for risk management by identifying areas where price is likely to react. The **Quarter Point Theory with Trend Breaks Indicator** is a versatile tool suitable for traders and investors across various markets, including stocks, forex, commodities, and cryptocurrencies. By blending psychology-based levels with technical trend analysis, it empowers users to make well-informed trading decisions.
Pine Script™ indicator
by stephon56