6FG Trading Plan Checklist & Setups6FG Trading Plan Checklist & Setups
Trend context (4H & H1)
Candle confirmations on 15M (bull/bear engulfing & pin bar)
Your two A+ setups:
• H1 Break of Structure (BxOxS)
• Trap Break (with last LH/HL break logic)
Alerts for both setups
Pine utilities
Sessions with timeframe filter🕒 Smart Timeframe Filtering
This session indicator includes an automatic filter that disables all session boxes when the chart timeframe is greater than the user-defined input. This helps keep higher-timeframe charts clean and focused by hiding intraday sessions when they’re no longer relevant — especially helpful for multi-timeframe traders.
🔍 Features:
📦 Draws up to 3 customizable session boxes with dynamic high/low tracking.
⏱️ Auto-disables on higher timeframes (Smart Timeframe Filter).
🌍 Fully customizable session times, box colors, and time zone (GMT-based).
⚡ Optimized for performance using lightweight, non-overlapping box logic.
👨🍳 UI is organized like a chef’s kitchen: clean, intuitive, and easy to navigate. Settings are grouped and filtered to avoid clutter.
✅ Best Use:
This indicator is most useful for intraday traders on 1m–15m charts.
It’s designed to keep your workspace clean on 30m+ charts or whatever threshold you define.
Sector SPDR ETFsThis script automatically identifies the SPDR sector ETF that corresponds to the currently viewed US stock ticker. It maps over 500 US-listed stocks to their respective SPDR sector ETFs — such as XLK (Technology), XLF (Financials), XLY (Consumer Discretionary), and others — based on pre-defined symbol lists.
When applied to a chart, the script displays a label below the last candle showing the SPDR sector symbol (e.g., "XLE" for Energy stocks like XOM). This allows traders and investors to quickly understand the sector classification of any stock they analyze.
Key Features:
Maps tickers to SPDR sector ETFs: XLC, XLY, XLP, XLE, XLF, XLV, XLI, XLB, XLRE, XLK, and XLU.
Displays the corresponding sector label on the chart.
Helpful for sector rotation strategies, macro analysis, or thematic investing.
ORB Range Indicator with Fibonacci Targets
This script plots the Opening Range (ORB) high and low based on a configurable time window (5–45 minutes from the U.S. session open at 9:30 AM EST).
Once the ORB window closes, the indicator draws horizontal lines marking:
ORB High and Low
The size of the range in price and %
Fibonacci-based price targets above and below the range (0.382, 0.618, 1.000, 1.618, 2.000)
You can control:
Which Fibonacci levels to display
Whether to show long targets, short targets, or both
All drawings are automatically cleared at the start of each trading day.
Ideal for breakout traders using ORB and Fibonacci extensions for target planning.
Elite Display# 😎 Elite Display - Simple Chart Info with Style
**Never lose track of what you're looking at!**
A clean, fun way to display your asset name, timeframe, and daily performance directly on your chart. Created by ** ** for traders who like their charts both informative and stylish.
## 📊 **What it shows:**
- Asset name (BTCUSDT) or description (Bitcoin/TetherUS)
- Current timeframe (1H, 4H, 1D, etc.)
- Daily % change with green/red colors
**Example:** `BTCUSDT | 1H | +2.45%`
## 🎨 **Make it yours:**
- **60+ separator styles** - From classic `|` to fun emojis 🚀💎⚡
- **Mood mode** - Separators react to your performance (😄 for gains, 😢 for losses)
- **Position anywhere** - 9 spots on your chart
- **Custom styling** - Colors, fonts, sizes, bold/italic
## 🎯 **Perfect for:**
- Multi-timeframe analysis (never forget which TF you're on!)
- Taking clean screenshots for social media
- Avoiding "wait, what symbol is this?" moments
- Adding a bit of personality to your workspace
## ⚙️ **Super simple setup:**
1. Add to chart
2. Pick what to show (asset/timeframe/both)
3. Choose your style (classic, fun, or reactive mood)
4. Position it wherever you want
5. Done!
**It's just chart info... but way more fun!** 😊
*Works on all markets: Stocks, Crypto, Forex, Commodities*# 📊 TradingHUD - Your Smart Chart Companion
**Transform your charts with the ultimate context display!** Never lose track of your symbol, timeframe, and performance again. This highly customizable indicator brings personality and clarity to your trading workspace.
## 🚀 **Key Features:**
✅ **5 Display Modes:**
- Asset Name (ticker only)
- Full Description (complete name)
- Both combined
- Timeframe Only
- Daily Variation Only
✅ **60+ Separator Styles in 3 Categories:**
- 🎨 **Classic** (15): Professional symbols (|, •, →, ★, etc.)
- 🎉 **Fun** (20): Colorful objects (🚀, 💎, ⚡, 🎯, 💰, etc.)
- 🎭 **Mood** (40+): Reactive yellow faces!
- 😄 **Happy** (21): 😀😊🥰😎🥳 (for green gains)
- 😢 **Sad** (23): 😢😭🥺😞😩 (for red losses)
✅ **Intelligent Variation Display:**
- Daily % change with smart color coding
- Green/red performance tracking
- Only appears on relevant timeframes (intraday + daily)
- Automatically hidden on weekly/monthly
✅ **Ultimate Customization:**
- 9 positioning options anywhere on chart
- Font families: Default or Monospace
- Bold/italic text formatting
- Custom colors and sizes
- Flexible element ordering
## 🎭 **Mood Mode Magic:**
Watch your separators celebrate wins with 😄🤑🚀 or empathize with losses using 😢😭💸. Toggle this emotional feature on/off anytime!
## 💡 **Perfect For:**
- Multi-timeframe analysis
- Screenshot documentation with context
- Avoiding symbol confusion
- Real-time performance tracking
- Adding personality to professional charts
- Social media trading posts
## ⚙️ **Quick Setup:**
1. Add TradingHUD to your chart
2. Select display mode (Asset/Description/Both/etc.)
3. Choose separator style (Classic/Fun/Mood)
4. Position anywhere you want
5. Customize colors, fonts, and formatting
6. Trade with confidence and style!
## 🎯 **Live Examples:**
- **Classic**: `BTCUSDT | 1H | +2.45%`
- **Fun**: `AAPL 🚀 4H 🚀 -1.23%`
- **Happy Mood**: `Gold 😄 1D 😄 +3.67%`
- **Sad Mood**: `BTC 😢 15min 😢 -5.12%`
**Professional meets personality. Context meets creativity. This is TradingHUD.** 📈✨
*Compatible with all markets: Stocks, Crypto, Forex, Commodities, Indices*
ICT Concepts Toolkit [TWS]
ICT Concepts Toolkit – by Trade With Stevie
Unlock the full power of Inner Circle Trader (ICT) concepts with this all-in-one indicator built for serious traders.
The ICT Concepts Toolkit combines the most powerful price action tools into one clean, efficient, and highly customizable interface — perfect for mastering market structure and timing precision entries.
✅ Features Included:
🟩 Order Blocks – Automatically detect key institutional levels for potential reversals and entries.
📉 Fair Value Gaps (FVGs) – Visualize imbalances in price action to spot high-probability targets and mitigation zones.
📊 Support & Resistance – Dynamically plotted levels to track market structure and trend shifts in real-time.
📅 Previous Daily Highs/Lows – Key liquidity zones marked for precision scalping and swing setups.
🕒 Session Zones – Clearly defined Asian, London, and New York sessions with customizable times and colors.
📌 Extension Lines – Extends each session’s high and low to the current candle for ongoing bias and liquidity mapping.
🚦ICT Morning Signal – Your personal directional bias assistant: smart signals showing when to Buy or Sell based on ICT’s powerful Morning Model logic.
Whether you're trading Forex, Futures, or Crypto — this toolkit gives you a cleaner chart, clearer bias, and more confidence in your setups.
💡 Created by Trade With Stevie — follow for more smart tools and signal insights.
RSI with Williams %R Coloringsimple fusion of RSI to seek divergence and williams % R coloring to see overbought/oversold price.
not my own work, just merely took two standard indicators and infused them.
Timed Trade Close AlertEnables you to set up alerts that can be used to close all trades when used in conjunction with web hooks.
Firstly, you can enable a daily alert at a regular time to avoid spread blow outs during roll overs. ie: This will alert at the same time each day
Additionally, you can enable and program up to 8 individual alerts to address news events or any other situations that you would want to halt your trading. The day, hour and minute can be adjusted according
BookYourTradeHappy trade,
This is a semi-automated tool that allows you to define a trade setup in advance, including multiple exit levels. It incorporates a proven method for managing risk and reward. You specify a fixed entry price, an initial stop loss, two take profit levels, and a trailing stop loss for the remaining position—aiming to maximize gains from the trend. Alerts are included so you can step away from the screen and still be notified when any predefined price level is reached. The tool sends trade orders as market orders to your exchange or broker via webhooks. You provide the general webhook format, and the script automatically fills in the correct values.
How to Use
This tool is intended for manual day traders.
Define Entry Conditions:
Set your planned entry price and, optionally, a start and end time for trade activation. The script will not run unless the price reaches your specified level during this time window.
Set Stop Loss:
Define the stop loss as a fixed number of points from the entry price (above or below). This also determines whether the trade is long or short.
Configure Take Profits:
Specify the risk-reward ratio and position size for Take Profit 1.
Do the same for Take Profit 2.
Trailing Stop Loss:
For the remaining position after Take Profit 2, set a trailing stop loss. This is also defined in points, relative to the previous bar's closing price.
Time and Session Filters:
Set the earliest date to begin trading and the latest date by which all positions should be closed.
Optionally, define specific time windows (daily and or weekly) during which trading should be disabled. These off-times will be visually grayed out.
Define Capital and Fees:
Input the dollar amount you want to invest, along with any applicable percentage-based fees or fixed fees per trade. This is useful since different brokers, exchanges, or webhook service providers may charge in different ways (fixed, percentage, or both).
Configure Webhooks:
Enter your broker- or exchange-specific webhook for each trade event: entry, Take Profit 1, Take Profit 2, Stop Loss, and trailing exit. You’ll need to include placeholder strings in the webhook that the script will replace with actual trade values. The script provides a helper table to display these placeholders directly on the chart.
Some values you can deliver to the webhook service provider as an $ value or a deviation in percentage. For example the quantity of a trade or the take profit price. choose the correct replacement accordingly.
The script sends all orders as market orders.
Multiple Instances:
If you want to run multiple instances of this script, you must assign a unique name to each one. This ensures that the webhook service provider can correctly route trade signals to the appropriate bot.
Here is an evolution of one trade in images:
The trade setting are defined but the trade has not started
The trade has started
The price reached the first take profit level and a part of the investment was liquidated.
The trade reached it's end date and the remaining investment was liquidated.
cheers
Previous Day High/Low/Close - Static Daily Lines (Custom Colors)previous day high low closing
statick line can be change with tihe time frame 5 to 15
Custom EMA 9/21/50/200Chart Screenshots: Include a chart screenshot showing the EMAs with different colors and line styles (e.g., EMA 9 dashed, EMA 21 dotted, EMA 50 solid, EMA 200 solid) to demonstrate the visual output.
Backtest Results: If you want to add credibility, you can mention that the indicator is designed for visual analysis but can be integrated into strategies (though no trading logic is included here).
TradingView Guidelines: Ensure compliance with TradingView’s publishing rules (e.g., original content, no misleading claims).
This description is concise yet comprehensive, highlighting the indicator’s features and usability to attract traders on TradingView. Let me know if you need help with additional publishing steps or want to tweak the description further!
✅ TrendSniper Pro✅ SPNIPER ENTRY – Precision Trend Reversal Signals
The SPNIPER ENTRY is a smart trend-following and reversal indicator designed for traders who want timely entries, clear trend confirmation, and clean visuals.
Key Features:
✅ Triple TEMA Trend Confirmation (21, 50, 200): Ensures you're entering only when all moving averages agree on direction.
🎯 Dip/Top Detection: Uses pivot analysis and ATR proximity to detect ideal pullback entries in the prevailing trend.
📉 Stop Loss & Take Profit Zones: ATR-based dynamic SL/TP levels plotted automatically.
📛 False Signal Filter: Avoids multiple entries by maintaining a position until an opposite signal occurs.
📊 Clean Chart Coloring: Candles turn green for confirmed uptrend and red for downtrend—easy to follow.
🔔 Built-in Alerts: Be notified when conditions align perfectly for a high-probability trade.
👁️ Optional TEMA Display: Toggle visibility of trend components for deeper insight.
How it Works:
A buy signal occurs only when:
All 3 TEMA slopes are positive
Price pulls back near a recent pivot low (dip)
A valid uptrend is in place
A sell signal occurs only when:
All 3 TEMA slopes are negative
Price nears a recent pivot high (top)
A confirmed downtrend is active
This indicator is ideal for swing traders, intraday traders, and scalpers who want precise entries based on structure, slope, and volatility.
Macros, Sessions, and Quarters - psyploThis script was developed for my personal trading workflow, where I rely heavily on macro time windows and session-based timing to guide my strategy. I designed this tool to help visualize important time-based zones that are crucial in my trading approach, and I believe other traders might find it useful as well.
Features
Macro Time Window Boxes: Visual representation of price range within a configurable time window around the top of every hour.
Session Ribbon Boxes: Clearly marks the Asia, London, and New York trading sessions, labeled distinctly for better visual separation.
Session Quarters: Each session is automatically divided into four quarters, providing more granular time segmentation within sessions.
Time Zone: All session calculations are based on UTC +8 (Asia/Singapore) timezone.
This tool helps traders:
Identify volatility zones around hourly opens.
Track session-specific market dynamics.
Recognize shifts in momentum or liquidity during each session quarter.
I created this for my own strategies, but it can serve any trader who benefits from time-based market segmentation.
Feel free to adjust the colors and time window settings to suit your preferences!
HA 21-EMA Crossover • compute Heikin-Ashi values in the background,
• overlay the 21-EMA (orange line) on those HA closes,
• mark bar-close crossovers with green BUY / red SELL arrows, and
Apex Edge - RSI Trend LinesThe Apex Edge - RSI Trend Lines indicator is a precision tool that automatically draws real-time trendlines on the RSI oscillator using confirmed pivot highs and lows. These dynamic trendlines track RSI structure in motion, helping you anticipate breakout zones, reversals, and hidden divergences.
Every time a new pivot forms, the indicator automatically re-draws the RSI trendline between the two most recent pivots — giving you an always-current view of momentum structure. You’ll instantly see when RSI begins compressing or expanding, long before price reacts.
Key Features: • Dynamic RSI trendlines drawn from the last 2 pivots
• Auto re-draws in real-time as new pivots form
• Optional "Full Extend" or "Pivot Only" modes
• Slope color-coded: green = support, red = resistance
• Built-in dotted RSI levels (30/70 default)
• Alert conditions for RSI trendline breakout signals
• Ideal for spotting divergence, compression, and early SMC confluence
This is not your average RSI — it’s a fully reactive momentum edge overlay designed to give you clarity, structure, and timing from within the oscillator itself. Perfect for traders using Smart Money Concepts, divergence setups, or algorithmic trend tracking.
⚔️ Built for precision. Built for edge. Built for Apex.
Daily Gain/Loss Statistics by Day of WeekDaily Gain/Loss Statistics by Day of Week
Overview
This Pine Script indicator analyzes historical price data to provide comprehensive day-of-week performance statistics, helping traders identify patterns and optimize their trading strategies based on which days historically perform better or worse.
Key Features
📊 Day-of-Week Analysis
7-day breakdown showing Monday through Sunday statistics
Average Gain % - Average percentage gains on winning days for each day of the week
Average Loss % - Average percentage losses on losing days (displayed with minus sign)
Median High % - Typical percentage move from open to daily high
Median Low % - Typical percentage move from open to daily low
🎯 Visual Performance Indicators
🚀 Rocket symbol - Marks the best performing day (highest average gains)
🔻 Red triangle down - Marks the worst performing day (lowest average gains)
Current day highlighting - Today's row highlighted in yellow (#ffdd444b)
⚡ Real-Time Session Tracking
Current Session row - Shows today's performance percentage in real-time
Color-coded gains/losses - Green for positive, red for negative
🎨 Professional Themes
⚙️ Customization Options
Date range selection - Choose specific time periods for analysis
Table positioning - 9 different screen positions
Table sizing - 6 size options from tiny to huge
Timeframe protection - Works only on 1D timeframe with user-friendly warnings
How It Works
Data Collection - Analyzes daily OHLC data within your selected date range
Day Classification - Categorizes each trading day by day of the week
Statistical Calculation - Computes averages and medians for each day type
Performance Ranking - Identifies best and worst performing days
Real-Time Display - Shows current session performance vs historical patterns
Trading Applications
Entry/Exit Timing - Identify optimal days for opening/closing positions
Risk Management - Avoid trading on historically poor-performing days
Strategy Optimization - Align trading strategies with day-of-week patterns
Market Timing - Understand weekly market cycles and seasonality
This indicator transforms raw price data into actionable intelligence, helping traders make more informed decisions based on proven historical day-of-week performance patterns.
UniversalPositionCalculatorV5🚀 Universal Position Calculator v5 (with Margin-Check) 🚀
Stop using calculators and complicated Excel sheets! 🤯 With the Universal Position Calculator v5, you have the ultimate tool right on your TradingView chart to manage your position size perfectly. Whether it's Forex, Gold, or Indices – this indicator does all the work for you!
✨ What does this indicator do? ✨
This indicator is your personal risk manager. It calculates the exact lot size for your next trade based on your capital, your desired risk, and your leverage. The best part? It immediately checks if your trade is even possible with your margin and warns you if you're about to over-leverage your account! 🚦
🌟 Key Features at a Glance 🌟
Automatic Lot Calculation: Just enter your risk in percent, and the indicator calculates the perfect lot size.
Margin Check: Instantly detects if your desired position size is limited by your margin and adjusts it. No more margin calls due to oversized positions!
For All Asset Classes: Works perfectly for Forex pairs (e.g., EURUSD) and other assets like commodities (XAUUSD) or indices (GER30). 💹
Currency Conversion: Automatically converts between your account currency and the asset's currency. It doesn't matter if you trade in EUR, USD, CHF, or JPY. 💱
Interactive Lines: Simply drag and drop the Entry and Stop Loss lines directly on the chart to plan your trade. 🎯
Clear Info Panel: All important information (lot size, required margin, risk in €/$/...) is displayed cleanly and clearly on your chart.
🛠️ How to Use: It's This Easy! 🛠️
The setup is a piece of cake and done in two simple steps.
Step 1: Configure Your Setup
Go to the indicator settings and fill out the "1. Setup" section:
Asset Type: Choose Forex for currency pairs or Other for everything else (e.g., Gold, Oil, Indices).
Account Currency: Enter the currency of your trading account (e.g., USD).
Account Capital: Enter your current account capital.
Risk in % per Trade: How much of your capital do you want to risk per trade? (e.g., 1.0 for 1%).
Leverage: Enter your account's leverage (e.g., 30 for 30:1).
Contract Size for 'Other': IMPORTANT! Only for the Other type. For Gold (XAUUSD), this is often 100; for the DAX (GER30), it's often 1 or 25. Check your broker's specifications for this!
Step 2: Plan Your Trade
Now for the fun part in the "2. Trade Control" section:
Entry Line (Blue Line): Click on the blue line and drag it to your desired entry level. You can also enter the value manually in the settings.
Stop Loss Line (Red Line): Click on the red line and drag it to your stop-loss level.
Step 3: Read the Results
As soon as you've set your Entry and Stop Loss, the Info Panel in the top-right corner will instantly show you the results:
Correct Lot Size: This is the lot size you need to enter with your broker for this trade.
⚠️ Heads up: If it says "Lot Size (Margin Limited!)" in orange, it means your desired risk was too high for your leverage. The indicator has automatically reduced the lot size to the maximum possible to avoid a margin call.
Required Margin: This is how much capital will be blocked on your account as a security deposit (margin) for this trade.
Risk in : The exact amount of money you will lose if your stop loss is triggered.
With this tool, you can make disciplined and mathematically sound trading decisions. Good luck and Happy Trading! 📈💰
Apex Edge - VantageApex Edge – Vantage
Quarter-Wick Reversal System | Price Action Based | Non-Repainting | Visual Confirmation Tool
Overview:
Apex Edge – Vantage is a precision price action indicator built to assist traders in identifying high-probability reversal entries — not based on indicators, but on how candles behave at their extremes.
This tool implements a clean, repeatable framework that reflects how I personally trade:
Spot a candle that closes with strong directional intent,
Then wait for a controlled pullback into the outer quarter,
And strike — only if price respects that line.
There’s no magic here — just raw, tactical logic visualized clearly on your chart. It's not designed to predict the market — it's built to respond when price offers you Vantage.
Core Logic:
Dot Detection – Final Quarter Close Candles
A green dot prints below a bullish candle if it closes within the top 25% of its wick-to-wick range.
A red dot prints above a bearish candle if it closes within the bottom 25% of its range.
These dots signify candles that made a strong, deliberate move in one direction — where price was pushed to an extreme and held that extreme into the close. These candles often signal institutional intent or momentum imbalance.
Entry Confirmation – Controlled Wick Rebalance
On the very next candle only, price must wick into the prior dot candle's outer quarter — but must not pass beyond it.
For buy entries, the wick must enter the bottom 25% of the previous green dot candle, but not dip below it.
For sell entries, the wick must reach into the top 25% of the red dot candle, but not exceed it.
This wick into the quarter is seen as a controlled rebalancing — a tactical reaction back into the origin zone before potential continuation.
Arrow Printing – Visual Entry Signal
Once the entry criteria are confirmed, an arrow is printed after the candle closes.
This arrow continues to print on each new candle as long as price does not violate the original entry zone — giving visual confirmation that the trade thesis is still valid.
If price breaks above/below the quarter range, the arrow disappears.
This ongoing confirmation is useful for staying in trades, managing risk, or spotting failed setups early.
Automatic Stop Loss Level
A horizontal Stop Loss line is drawn from the extreme wick of the original dot candle.
For buy entries, SL is placed below the green dot candle's low.
For sell entries, SL is placed above the red dot candle's high.
This provides immediate risk context — perfect for traders using limit orders or looking to scale in.
Coding Logic:
This script uses plotshape() and plot() functions for all visual elements.
Dot candles are identified using quarter-range logic via:
pinescript
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close >= high - (high - low) * 0.25 // for bullish
close <= low + (high - low) * 0.25 // for bearish
Entry validation logic triggers only on the next candle, using:
pinescript
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low >= quarterLine and low <= high // for buy entries
high <= quarterLine and high >= low // for sell entries
Arrows and SL lines are plotted only on closed candles, ensuring non-repainting behavior.
alertcondition() is used for real-time alerts on valid buy/sell triggers.
How I Personally Use It:
I wait for a dot to print — this shows directional conviction.
On the next candle, I watch for a tap into the outer quarter.
If the wick meets the criteria and the candle closes, I’ll execute manually at the close of that candle.
As long as the arrow remains on the chart, I know the setup hasn’t been invalidated.
I combine this with market structure, session timing, and liquidity context to build confluence around each trade.
Alerts Included:
Buy Entry Alert: When a green arrow prints (entry confirmed)
Sell Entry Alert: When a red arrow prints (entry confirmed)
These fire once per confirmed signal, allowing you to react in real-time or automate if desired.
Who This Is For:
Manual traders who want clean price-based entries
Anyone who uses market structure, SMC, or liquidity concepts
Traders looking to replace indicators with pure candle logic
Discretionary or semi-systematic traders who want visual tools to guide their decisions
Final Word
Apex Edge – Vantage doesn’t predict price — it shows you where price is offering you control.
This is a surgical tool designed to help you act only when the market gives you a measurable edge — and to stay in the trade as long as that edge holds.
If you're ready to stop chasing trades and start striking from a position of Vantage, then this tool belongs on your chart.
Ticker Industry and Competitor LookupThe Ticker Industry and Competitor Lookup is a comprehensive indicator that provides instant access to industry classification data and competitive intelligence for any ticker symbol. Built using the advanced SIC_TICKER_DATA library, this tool delivers professional-grade sector analysis with enterprise-level performance. It's a simple yet great tool for competitor research, sector studies, portfolio diversification, and investment decision-making.
This indicator is a simple tool built on based on our SIC_TICKER_DATA library to demonstrate the use cases of the library. In this case, you enter a ticker and it displays the sector, SIC or Standard Industrial Classification which is a SEC identifier, and more importantly, the competitors that are listed to be in the exact same SIC by SEC.
There isn't much to say about the indicator itself but we strongly recommend checking out the SIC_TICKER_DATA library we just published to learn more about the types of indicators you can build using it.
Profitable Loser Model [MMT]Profitable Loser Model
Overview
The Profitable Loser Model is a powerful PineScript v6 indicator designed to enhance your trading by visualizing key price levels, session open zones, Fibonacci retracements, and premium/discount zones. This overlay indicator provides traders with a customizable toolkit to analyze market structure across any timeframe, making it ideal for intraday and swing trading strategies.
Features
Open Zone Visualization
- Plots a box based on the open and close of the first candle in a user-defined timeframe (default: 5-minute).
- Customizable box color, projection offset, and label size (Tiny, Small, Normal, Large).
- Displays a timeframe label (e.g., "5m Open Zone") for quick reference, toggleable on/off.
Session Open Lines
- Optionally draws horizontal lines at key session opens (8:30 AM, 9:30 AM, 1:30 PM, Midnight, New York time).
- Customize line color, style (Solid, Dashed, Dotted), width, and label size for each session.
- Perfect for identifying critical intraday price levels.
Premium and Discount Zones
- Highlights premium (above midpoint) and discount (below midpoint) zones based on session high/low.
- Toggleable with customizable colors and projection offsets.
- Helps traders spot overbought/oversold areas for potential mean-reversion trades.
Fibonacci Retracement Levels
- Plots user-defined Fibonacci levels (default: 0.23, 0.35, 0.5, 0.62, 0.705, 0.79, 0.886, 1, 1.1).
- Customizable line style, width, color, and labels (showing percentage and/or price).
- Dynamically adjusts based on price movement relative to the open zone.
Take Profit (TP) and Stop Loss (SL) Levels
- Highlights TP (default: 0.23) and SL (default: 1.1) Fibonacci levels with distinct colors.
- Fully customizable to align with your risk-reward strategy.
How It Works
- Session Detection : Resets daily (or per user-defined timeframe) to capture the first candle's open, high, low, and close.
- Open Zone : Draws a box between the open and close, extended forward by the projection offset.
- Session Lines : Plots lines at specified session opens with customizable styles and labels.
- Fibonacci Retracement : Adjusts levels dynamically based on session high/low and price action.
- Premium/Discount Zones : Calculated from the session range midpoint, updated in real-time.
Settings
- Open Zone :
- Timeframe (default: 5m), Calculate Timeframe (default: Daily).
- Toggle label, adjust size, box color, and projection offset.
- Session Open Lines :
- Enable/disable lines for 8:30 AM, 9:30 AM, 1:30 PM, Midnight.
- Customize color, style, width, label size, and vertical offset.
- Premium/Discount Zones :
- Toggle visibility, set colors, and adjust projection offset.
- Fibonacci Retracement :
- Toggle visibility, set custom levels, line style, width, color, and label options.
- Adjust projection offset.
- TP/SL :
- Set TP/SL Fibonacci levels and colors.
Use Cases
- Intraday Trading : Use session open lines and open zones to trade key market hours.
- Swing Trading : Leverage Fibonacci levels for potential reversal or continuation zones.
- Risk Management : Set precise TP/SL levels based on Fibonacci retracements.
- Market Structure : Identify overbought/oversold zones with premium/discount areas.
Notes
- Optimized with `dynamic_requests = true` for efficient real-time data handling.
- Visual elements (boxes, lines, labels) are cleaned up at the start of each new session.
- Session lines use New York time (`America/New_York`) for alignment with major markets.
Normalized Fibonacci Retracement (MTF/LOG)A question: Instead of creating indicators that constantly plot Fibonacci Retracement levels in a visually overwhelming way, why don't we redefine them on a different scale? 🤨
Overview
The Normalized Fibonacci Retracement indicator converts price data to a 0-100 scale based on the selected timeframe's high-low range, displaying normalized candlesticks alongside standard Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, 78.6%). This normalization reveals patterns that may be hidden in absolute price charts and allows consistent analysis across different instruments.
Originality
By normalizing prices to percentages, this indicator enables pattern recognition independent of absolute price levels. The same formation at $10-$20 and $1000-$2000 appears identical on the normalized scale, helping traders identify recurring structures across various assets and timeframes.
Concepts
The indicator uses a simple formula to transform price data into percentages. This creates a bounded scale where patterns become comparable regardless of the underlying asset's price range. The normalized view often reveals symmetries and relationships not visible in traditional price charts.
Mechanics
The system tracks highs and lows within the selected timeframe as anchor points. When a new period begins, fresh boundaries are established and prices recalculated. Trend direction is determined by timing of extremes. Linear scaling uses direct percentage calculation, while logarithmic scaling applies exponential interpolation for assets with large percentage moves.
Functions
Timeframe Selection: Higher timeframe analysis on any chart resolution
Normalized Display: OHLC data converted to 0-100 percentage scale
Fibonacci Levels: Standard retracement levels plotted automatically
Scaling Options: Linear or logarithmic calculation methods
Pattern Recognition: Reveals formations hidden in absolute price charts
Moving Average: Optional 20-period SMA overlay
Notes
Ensure chart data covers the full selected timeframe for accurate calculations. Use logarithmic scaling for volatile assets with large percentage moves. The normalized scale is effective at revealing patterns and structures that remain consistent across different price ranges, making it particularly useful for comparative analysis and pattern-based trading strategies.
I hope it helps everyone. Do not forget to manage your risk. And trade as safely as possible. Best of luck!