Uptrick: Recent Support and Resistance LinesThe indicator titled "Uptrick: Recent Support and Resistance Lines" is a technical analysis tool designed for overlay on price charts. It aims to identify and visualize recent support and resistance levels based on pivot points within a specified range.
Key Features and Functionality:
Pivot Length Parameter:
The indicator allows the user to input a pivot length parameter, which defines the range over which the pivot points (highs and lows) are calculated. By default, this length is set to 50 bars.
Support and Resistance Calculation:
The indicator dynamically calculates the most recent support and resistance levels based on pivot points.
Pivot Highs and Lows:
A pivot high is defined as a price level where a bar's high is higher than the highs of the bars around it for a given number of bars defined by the pivot length.
A pivot low is the opposite, where a bar's low is lower than the lows of the surrounding bars within the same range.
Support Line:
When a new pivot low is identified, this becomes the new recent support level.
The indicator creates a horizontal line at this support level, starting from the bar where it was identified and extending to the current bar. This line is colored green and is drawn with a width of 2 pixels. If a support line already exists, it is deleted and replaced with the new line.
Resistance Line:
Similarly, when a new pivot high is detected, it updates the recent resistance level.
A horizontal line is drawn at this resistance level, starting from the bar where it was identified and extending to the current bar. This line is colored red and also drawn with a width of 2 pixels. As with the support line, any existing resistance line is deleted and replaced with the new one.
Visual Representation:
The support and resistance lines extend to the right, providing a clear visual guide on the chart. This helps traders identify key levels where price has previously found support or encountered resistance, which can be critical for making trading decisions.
Practical Application:
Trading Decisions:
Traders can use the visual cues from the support and resistance lines to make informed trading decisions. For instance, they might place buy orders near support levels and sell orders near resistance levels.
The dynamic nature of these lines helps in adapting to the most recent market conditions, ensuring that the levels are relevant to the current price action.
Trend Analysis:
The indicator can assist in analyzing the overall trend. In an uptrend, the support levels may progressively rise, while in a downtrend, resistance levels may drop.
This indicator is particularly useful for traders who rely on visual support and resistance levels to guide their trading strategies, providing a clear and automatic way to track these critical levels on their charts.
Search in scripts for "horizontal line"
Rolling Calmar Ratio with Ref Ticker V1.0 [ADRIDEM]Overview
The Rolling Calmar Ratio with Ref Ticker script is designed to offer a comprehensive view of the Calmar ratios for a selected reference ticker and the current ticker. This script helps investors compare risk-adjusted returns between two assets over a rolling period, providing insights into their relative performance and risk. Below is a detailed presentation of the script and its unique features.
Unique Features of the New Script
Reference Ticker Comparison : Allows users to compare the Calmar ratio of the current ticker with a reference ticker, providing a relative performance analysis. Default ticker is BTCUSDT but can be changed.
Customizable Rolling Window : Enables users to set the length for the rolling window, adapting to different market conditions and timeframes. The default value is 252 bars, which approximates one year of trading days, but it can be adjusted as needed.
Smoothing Option : Includes an option to apply a smoothing simple moving average (SMA) to the Calmar ratios, helping to reduce noise and highlight trends. The smoothing length is customizable, with a default value of 14 bars.
Visual Indicators : Plots the smoothed Calmar ratios for both the reference ticker and the current ticker, with distinct colors for easy comparison. Additionally, a horizontal line helps identify key levels.
Dynamic Background Color : Adds a gray-blue transparent background between the Calmar ratio levels of 0 and 1, highlighting the critical region where risk-adjusted returns are assessed.
Originality and Usefulness
This script uniquely combines the analysis of Calmar ratios for a reference ticker and the current ticker, providing a comparative view of their risk-adjusted returns. The inclusion of a customizable rolling window and smoothing option enhances its adaptability and usefulness in various market conditions.
Signal Description
The script includes several features that highlight potential insights into the risk-adjusted returns of the assets:
Reference Ticker Calmar Ratio : Plotted as a red line, this represents the smoothed Calmar ratio for the user-selected reference ticker.
Current Ticker Calmar Ratio : Plotted as a white line, this represents the smoothed Calmar ratio for the current ticker.
Horizontal Lines and Background Color : A line at 0 helps to quickly identify the regions of positive and negative risk-adjusted returns.
These features assist in identifying relative performance differences and confirming the strength or weakness of risk-adjusted returns between the two tickers.
Detailed Description
Input Variables
Length for Rolling Window (`length`) : Defines the range for calculating the rolling Calmar ratio. Default is 252.
Smoothing Length (`smoothing_length`) : The number of periods for the smoothing SMA. Default is 14.
Reference Ticker (`ref_ticker`) : The ticker symbol for the reference asset. Default is "BINANCE:BTCUSDT".
Functionality
Calmar Ratio Calculation : The script calculates the cumulative returns and maximum drawdown for both the reference ticker and the current ticker. These values are used to compute the Calmar ratio.
```pine
ref_cumulativeReturn = (ref_close / ta.valuewhen(ta.lowest(ref_close, length) == ref_close, ref_close, 0)) - 1
ref_rollingMax = ta.highest(ref_close, length)
ref_drawdown = (ref_close - ref_rollingMax) / ref_rollingMax
ref_maxDrawdown = ta.lowest(ref_drawdown, length)
ref_calmarRatio = ref_cumulativeReturn / math.abs(ref_maxDrawdown)
current_cumulativeReturn = (close / ta.valuewhen(ta.lowest(close, length) == close, close, 0)) - 1
current_rollingMax = ta.highest(close, length)
current_drawdown = (close - current_rollingMax) / current_rollingMax
current_maxDrawdown = ta.lowest(current_drawdown, length)
current_calmarRatio = current_cumulativeReturn / math.abs(current_maxDrawdown)
```
Smoothing : A simple moving average is applied to the Calmar ratios to smooth the data.
```pine
smoothed_ref_calmarRatio = ta.sma(ref_calmarRatio, smoothing_length)
smoothed_current_calmarRatio = ta.sma(current_calmarRatio, smoothing_length)
```
Plotting : The script plots the smoothed Calmar ratios for both the reference ticker and the current ticker, along with a horizontal line.
```pine
plot(smoothed_ref_calmarRatio, title="Ref Ticker Calmar Ratio", color=color.rgb(255, 82, 82, 50), linewidth=2)
plot(smoothed_current_calmarRatio, title="Current Ticker Calmar Ratio", color=color.white, linewidth=2)
h0 = hline(0, "Zero Line", color=color.gray)
fill(h0, h1, color=color.rgb(33, 150, 243, 90), title="Background")
```
How to Use
Configuring Inputs : Adjust the detection length and smoothing length as needed. Set the reference ticker to the desired asset for comparison.
Interpreting the Indicator : Use the plotted Calmar ratios and horizontal line to assess the relative risk-adjusted returns of the reference and current tickers.
Signal Confirmation : Look for differences in the Calmar ratios to identify potential performance advantages or weaknesses. The horizontal line helps to highlight key levels of risk-adjusted returns.
This script provides a detailed comparative view of risk-adjusted returns, aiding in more informed decision-making by highlighting key differences between the reference ticker and the current ticker.
Auto Price LevelsMain Function:
This script creates horizontal lines on the chart at the market open price levels for different timeframes (4H, Daily, Weekly, Monthly). It helps traders track the open price levels and analyze their impact on the current price movements.
Unique Features:
Multi-Timeframe Support: The script allows users to display horizontal lines for 4-hour, daily, weekly, and monthly timeframes, providing a comprehensive view of market open prices across different periods.
Customization Options: Users can customize the line color, width, and style (solid, dotted, or dashed) for each timeframe separately, offering flexibility to match their charting preferences.
Sensitivity Setting: The script includes a sensitivity setting to filter lines based on the price movement percentage, allowing traders to focus on significant price levels.
Day Filter: Users can enable a day filter to limit the display of lines to a specific number of days, which helps in reducing chart clutter and focusing on recent price levels.
Automatic Updates: The script automatically updates the lines based on the latest market data, ensuring that traders always have the most relevant information.
Alerts: Integrated alert conditions notify traders when the price crosses above or below the open price on any of the specified timeframes, enabling timely decision-making.
How It Works:
Line Creation: For each selected timeframe, the script calculates the open price and compares it to the close price to determine the level at which the horizontal line should be drawn.
Line Management: The script manages the creation and deletion of lines to ensure only relevant lines are displayed, based on the user-defined sensitivity and day filter settings.
Customization: Through the input settings, traders can personalize the appearance and behavior of the lines to suit their specific trading strategies and preferences.
Alerts: The script sets up alert conditions that trigger notifications when the price crosses the open price levels, helping traders stay informed of critical market movements.
How to Use:
Select Timeframes: Enable or disable the display of lines for 4-hour, daily, weekly, and monthly timeframes as needed.
Customize Lines: Adjust the line color, width, and style for each timeframe using the input settings.
Set Sensitivity: Define the sensitivity percentage to filter lines based on significant price movements.
Enable Day Filter: If desired, enable the day filter and set the number of days to display lines.
Monitor Alerts: Set up alerts to receive notifications when the price crosses the open price levels on any of the chosen timeframes.
This script is designed to enhance traders' ability to monitor key price levels and make informed trading decisions. Its unique features and customization options provide a valuable tool for analyzing market open prices across multiple timeframes.
Session High and Session LowI have heard many people ask for a script that will identify the high and low of a specific session. So, I made one.
Important Note: This indicator has to be set up properly or you will get an error. Important things to note are the length of the range and the session definition. The idea is that you would set it up for what's relevant to your trading. Going too far back in the chart history will cause errors. Setting the session for a time that is not on the chart can cause errors. If you set it to look farther back than there are bars to display, you may get an error. What I've found is that if you get an error, you just need to change the settings to reflect available data and it will be able to compile the script. At the time of its publishing, the default range start is set to 10/01/2020. If you're looking at this years later, you'll probably have to set the range to something more recent.
Features:
Plot or Lines:
Using Plot (displayed), the indicator will track the high/low from the end of the session into the next session. Then at the start of the next session, it will start tracking the high/low of that session until its end, then track that high/low until the start of the next session then reset.
Using lines, it will extend horizontal lines to the right indefinitely. The number of sessions back that the lines apply to is a user-defined number of sessions. There are limits to the number of lines that can be cast on a chart (roughly 40-50). So, the maximum number of sessions you can apply the lines to is the last 21 sessions (42 lines total). That gets really noisy though so I can't imagine that is a limiting factor.
Colors:
You can change the background color and its transparency, as well as turn the background color on or off.
You can change the highs and lows colors
You can adjust the line width to your preference
Session Length:
You can use a continuous session covering any user-defined period (provided its not tooooo many candles back)
You can define the session length for intraday
You can exclude weekends
Display Options:
You can adjust the colors, transparency, and linewidth
You can display the plotline or horizontal lines
You can show/hide the background color.
You can change how many sessions back the horizontal lines will track
Let me know if there's anything this script is missing or if you run into any issues that I might be able to help resolve.
Here's what it looks like with Lines for the last 5 sessions and different background color.
Luxy BIG beautiful Dynamic ORBThis is an advanced Opening Range Breakout (ORB) indicator that tracks price breakouts from the first 5, 15, 30, and 60 minutes of the trading session. It provides complete trade management including entry signals, stop-loss placement, take-profit targets, and position sizing calculations.
The ORB strategy is based on the concept that the opening range of a trading session often acts as support/resistance, and breakouts from this range tend to lead to significant moves.
What Makes This Different?
Most ORB indicators simply draw horizontal lines and leave you to figure out the rest. This indicator goes several steps further:
Multi-Stage Tracking
Instead of just one ORB timeframe, this tracks FOUR simultaneously (5min, 15min, 30min, 60min). Each stage builds on the previous one, giving you multiple trading opportunities throughout the session.
Active Trade Management
When a breakout occurs, the indicator automatically calculates and displays entry price, stop-loss, and multiple take-profit targets. These lines extend forward and update in real-time until the trade completes.
Cycle Detection
Unlike indicators that only show the first breakout, this tracks the complete cycle: Breakout → Retest → Re-breakout. You can see when price returns to test the ORB level after breaking out (potential re-entry).
Failed Breakout Warning
If price breaks out but quickly returns inside the range (within a few bars), the label changes to "FAILED BREAK" - warning you to exit or avoid the trade.
Position Sizing Calculator
Built-in risk management that tells you exactly how many shares to buy based on your account size and risk tolerance. No more guessing or manual calculations.
Advanced Filtering
Optional filters for volume confirmation, trend alignment, and Fair Value Gaps (FVG) to reduce false signals and improve win rate.
Core Features Explained
### 1. Multi-Stage ORB Levels
The indicator builds four separate Opening Range levels:
ORB 5 - First 5 minutes (fastest signals, most volatile)
ORB 15 - First 15 minutes (balanced, most popular)
ORB 30 - First 30 minutes (slower, more reliable)
ORB 60 - First 60 minutes (slowest, most confirmed)
Each level is drawn as a horizontal range on your chart. As time progresses, the ranges expand to include more price action. You can enable or disable any stage and assign custom colors to each.
How it works: During the opening minutes, the indicator tracks the highest high and lowest low. Once the time period completes, those levels become your ORB high and low for that stage.
### 2. Breakout Detection
When price closes outside the ORB range, a label appears:
BREAK UP (green label above price) - Price closed above ORB High
BREAK DOWN (red label below price) - Price closed below ORB Low
The label shows which ORB stage triggered (ORB5, ORB15, etc.) and the cycle number if tracking multiple breakouts.
Important: Signals appear on bar close only - no repainting. What you see is what you get.
### 3. Retest Detection
After price breaks out and moves away, if it returns to test the ORB level, a "RETEST" label appears (orange). This indicates:
The original breakout level is now acting as support/resistance
Potential re-entry opportunity if you missed the first breakout
Confirmation that the level is significant
The indicator requires price to move a minimum distance away before considering it a valid retest (configurable in settings).
### 4. Failed Breakout Detection
If price breaks out but returns inside the ORB range within a few bars (before the breakout is "committed"), the original label changes to "FAILED BREAK" in orange.
This warns you:
The breakout lacked conviction
Consider exiting if already in the trade
Wait for better setup
Committed Breakout: The indicator tracks how many bars price stays outside the range. Only after staying outside for the minimum number of bars does it become a committed breakout that can be retested.
### 5. TP/SL Lines (Trade Management)
When a breakout occurs, colored horizontal lines appear showing:
Entry Line (cyan for long, orange for short) - Your entry price (the ORB level)
Stop Loss Line (red) - Where to exit if trade goes against you
TP1, TP2, TP3 Lines (same color as entry) - Profit targets at 1R, 2R, 3R
These lines extend forward as new bars form, making it easy to track your trade. When a target is hit, the line turns green and the label shows a checkmark.
Lines freeze (stop updating) when:
Stop loss is hit
The final enabled take-profit is hit
End of trading session (optional setting)
### 6. Position Sizing Dashboard
The dashboard (bottom-left corner by default) shows real-time information:
Current ORB stage and range size
Breakout status (Inside Range / Break Up / Break Down)
Volume confirmation (if filter enabled)
Trend alignment (if filter enabled)
Entry and Stop Loss prices
All enabled Take Profit levels with percentages
Risk/Reward ratio
Position sizing: Max shares to buy and total risk amount
Position Sizing Example:
If your account is $25,000 and you risk 1% per trade ($250), and the distance from entry to stop loss is $0.50, the calculator shows you can buy 500 shares (250 / 0.50 = 500).
### 7. FVG Filter (Fair Value Gap)
Fair Value Gaps are price inefficiencies - gaps left by strong momentum where one candle's high doesn't overlap with a previous candle's low (or vice versa).
When enabled, this filter:
Detects bullish and bearish FVGs
Draws semi-transparent boxes around these gaps
Only allows breakout signals if there's an FVG near the breakout level
Why this helps: FVGs indicate institutional activity. Breakouts through FVGs tend to be stronger and more reliable.
Proximity setting: Controls how close the FVG must be to the ORB level. 2.0x means the breakout can be within 2 times the FVG size - a reasonable default.
### 8. Volume & Trend Filters
Volume Filter:
Requires current volume to be above average (customizable multiplier). High volume breakouts are more likely to sustain.
Set minimum multiplier (e.g., 1.5x = 50% above average)
Set "strong volume" multiplier (e.g., 2.5x) that bypasses other filters
Dashboard shows current volume ratio
Trend Filter:
Only shows breakouts aligned with a higher timeframe trend. Choose from:
VWAP - Price above/below volume-weighted average
EMA - Price above/below exponential moving average
SuperTrend - ATR-based trend indicator
Combined modes (VWAP+EMA, VWAP+SuperTrend) for stricter filtering
### 9. Pullback Filter (Advanced)
Purpose:
Waits for price to pull back slightly after initial breakout before confirming the signal.
This reduces false breakouts from immediate reversals.
How it works:
- After breakout is detected, indicator waits for a small pullback (default 2%)
- Once pullback occurs AND price breaks out again, signal is confirmed
- If no pullback within timeout period (5 bars), signal is issued anyway
Settings:
Enable Pullback Filter: Turn this filter on/off
Pullback %: How much price must pull back (2% is balanced)
Timeout (bars): Max bars to wait for pullback (5 is standard)
When to use:
- Choppy markets with many fake breakouts
- When you want higher quality signals
- Combine with Volume filter for maximum confirmation
Trade-off:
- Better signal quality
- May miss some valid fast moves
- Slight entry delay
How to Use This Indicator
### For Beginners - Simple Setup
Add the indicator to your chart (5-minute or 15-minute timeframe recommended)
Leave all default settings - they work well for most stocks
Watch for BREAK UP or BREAK DOWN labels to appear
Check the dashboard for entry, stop loss, and targets
Use the position sizing to determine how many shares to buy
Basic Trading Plan:
Wait for a clear breakout label
Enter at the ORB level (or next candle open if you're late)
Place stop loss where the red line indicates
Take profit at TP1 (50% of position) and TP2 (remaining 50%)
### For Advanced Traders - Customized Setup
Choose which ORB stages to track (you might only want ORB15 and ORB30)
Enable filters: Volume (stocks) or Trend (trending markets)
Enable FVG filter for institutional confirmation
Set "Track Cycles" mode to catch retests and re-breakouts
Customize stop loss method (ATR for volatile stocks, ORB% for stable ones)
Adjust risk per trade and account size for accurate position sizing
Advanced Strategy Example:
Enable ORB15 only (disable others for cleaner chart)
Turn on Volume filter at 1.5x with Strong at 2.5x
Enable Trend filter using VWAP
Set Signal Mode to "Track Cycles" with Max 3 cycles
Wait for aligned breakouts (Volume + Trend + Direction)
Enter on retest if you missed the initial break
### Timeframe Recommendations
5-minute chart: Scalping, very active trading, crypto
15-minute chart: Day trading, balanced approach (most popular)
30-minute chart: Swing entries, less screen time
60-minute chart: Position trading, longer holds
The indicator works on any intraday timeframe, but ORB is fundamentally a day trading strategy. Daily charts don't make sense for ORB.
DEFAULT CONFIGURATION
ON by Default:
• All 4 ORB stages (5/15/30/60)
• Breakout Detection
• Retest Labels
• All TP levels (1/1.5/2/3)
• TP/SL Lines (Detailed mode)
• Dashboard (Bottom Left, Dark theme)
• Position Size Calculator
OFF by Default (Optional Filters):
• FVG Filter
• Pullback Filter
• Volume Filter
• Trend Filter
• HTF Bias Check
• Alerts
Recommended for Beginners:
• Leave all defaults
• Session Mode: Auto-Detect
• Signal Mode: Track Cycles
• Stop Method: ATR
• Add Volume Filter if trading stocks
Recommended for Advanced:
• Enable ORB15 + ORB30 only (disable 5 & 60)
• Enable: Volume + Trend + FVG
• Signal Mode: Track Cycles, Max 3
• Stop Method: ATR or Safer
• Enable HTF Daily bias check
## Settings Guide
The settings are organized into logical groups. Here's what each section controls:
### ORB COLORS Section
Show Edge Labels: Display "ORB 5", "ORB 15" labels at the right edge of the levels
Background: Fill the area between ORB high/low with color
Transparency: How see-through the background is (95% is nearly invisible)
Enable ORB 5/15/30/60: Turn each stage on or off individually
Colors: Assign colors to each ORB stage for easy identification
### SESSION SETTINGS Section
Session Mode: Choose trading session (Auto-Detect works for most instruments)
Custom Session Hours: Define your own hours if needed (format: HHMM-HHMM)
Auto-Detect uses the instrument's natural hours (stocks use exchange hours, crypto uses 24/7).
### BREAKOUT DETECTION Section
Enable Breakout Detection: Master switch for signals
Show Retest Labels: Display retest signals
Label Size: Visual size for all labels (Small recommended)
Enable FVG Filter: Require Fair Value Gap confirmation
Show FVG Boxes: Display the gap boxes on chart
Signal Mode: "First Only" = one signal per direction per day, "Track Cycles" = multiple signals
Max Cycles: How many breakout-retest cycles to track (6 is balanced)
Breakout Buffer: Extra distance required beyond ORB level (0.1-0.2% recommended)
Min Distance for Retest: How far price must move away before retest is valid (2% recommended)
Min Bars Outside ORB: Bars price must stay outside for committed breakout (2 is balanced)
### TARGETS & RISK Section
Enable Targets & Stop-Loss: Calculate and show trade management
TP1/TP2/TP3 checkboxes: Select which profit targets to display
Stop Method: How to calculate stop loss placement
- ATR: Based on volatility (best for most cases)
- ORB %: Fixed % of ORB range
- Swing: Recent swing high/low
- Safer: Widest of all methods
ATR Length & Multiplier: Controls ATR stop distance (14 period, 1.5x is standard)
ORB Stop %: Percentage beyond ORB for stop (20% is balanced)
Swing Bars: Lookback period for swing high/low (3 is recent)
### TP/SL LINES Section
Show TP/SL Lines: Display horizontal lines on chart
Label Format: "Short" = minimal text, "Detailed" = shows prices
Freeze Lines at EOD: Stop extending lines at session close
### DASHBOARD Section
Show Info Panel: Display the metrics dashboard
Theme: Dark or Light colors
Position: Where to place dashboard on chart
Toggle rows: Show/hide specific information rows
Calculate Position Size: Enable the position sizing calculator
Risk Mode: Risk fixed $ amount or % of account
Account Size: Your total trading capital
Risk %: Percentage to risk per trade (0.5-1% recommended)
### VOLUME FILTER Section
Enable Volume Filter: Require volume confirmation
MA Length: Average period (20 is standard)
Min Volume: Required multiplier (1.5x = 50% above average)
Strong Volume: Multiplier that bypasses other filters (2.5x)
### TREND FILTER Section
Enable Trend Filter: Require trend alignment
Trend Mode: Method to determine trend (VWAP is simple and effective)
Custom EMA Length: If using EMA mode (50 for swing, 20 for day trading)
SuperTrend settings: Period and Multiplier if using SuperTrend mode
### HIGHER TIMEFRAME Section
Check Daily Trend: Display higher timeframe bias in dashboard
Timeframe: What TF to check (D = daily, recommended)
Method: Price vs MA (stable) or Candle Direction (reactive)
MA Period: EMA length for Price vs MA method (20 is balanced)
Min Strength %: Minimum strength threshold for HTF bias to be considered
- For "Price vs MA": Minimum distance (%) from moving average
- For "Candle Direction": Minimum candle body size (%)
- 0.5% is balanced - increase for stricter filtering
- Lower values = more signals, higher values = only strong trends
### ALERTS Section
Enable Alerts: Master switch (must be ON to use any alerts)
Breakout Alerts: Notify on ORB breakouts
Retest Alerts: Notify when price retests after breakout
Failed Break Alerts: Notify on failed breakouts
Stage Complete Alerts: Notify when each ORB stage finishes forming
After enabling desired alert types, click "Create Alert" button, select this indicator, choose "Any alert() function call".
## Tips & Best Practices
### General Trading Tips
ORB works best on liquid instruments (stocks with good volume, major crypto pairs)
First hour of the session is most important - that's when ORB is forming
Breakouts WITH the trend have higher success rates - use the trend filter
Failed breakouts are common - use the "Min Bars Outside" setting to filter weak moves
Not every day produces good ORB setups - be patient and selective
### Position Sizing Best Practices
Never risk more than 1-2% of your account on a single trade
Use the built-in calculator - don't guess your position size
Update your account size monthly as it grows
Smaller accounts: use $ Amount mode for simplicity
Larger accounts: use % of Account mode for scaling
### Take Profit Strategy
Most traders use: 50% at TP1, 50% at TP2
Aggressive: Hold through TP1 for TP2 or TP3
Conservative: Full exit at TP1 (1:1 risk/reward)
After TP1 hits, consider moving stop to breakeven
TP3 rarely hits - only on strong trending days
### Filter Combinations
Maximum Quality: Volume + Trend + FVG (fewest signals, highest quality)
Balanced: Volume + Trend (good quality, reasonable frequency)
Active Trading: No filters or Volume only (many signals, lower quality)
Trending Markets: Trend filter essential (indices, crypto)
Range-Bound: Volume + FVG (avoid trend filter)
### Common Mistakes to Avoid
Chasing breakouts - wait for the bar to close, don't FOMO into wicks
Ignoring the stop loss - always use it, move it manually if needed
Over-leveraging - the calculator shows MAX shares, you can buy less
Trading every signal - quality > quantity, use filters
Not tracking results - keep a journal to see what works for YOU
## Pros and Cons
### Advantages
Complete all-in-one solution - from signal to position sizing
Multiple timeframes tracked simultaneously
Visual clarity - easy to see what's happening
Cycle tracking catches opportunities others miss
Built-in risk management eliminates guesswork
Customizable filters for different trading styles
No repainting - what you see is locked in
Works across multiple markets (stocks, forex, crypto)
### Limitations
Intraday strategy only - doesn't work on daily charts
Requires active monitoring during first 1-2 hours of session
Not suitable for after-hours or extended sessions by default
Can produce many signals in choppy markets (use filters)
Dashboard can be overwhelming for complete beginners
Performance depends on market conditions (trends vs ranges)
Requires understanding of risk management concepts
### Best For
Day traders who can watch the first 1-2 hours of market open
Traders who want systematic entry/exit rules
Those learning proper position sizing and risk management
Active traders comfortable with multiple signals per day
Anyone trading liquid instruments with clear sessions
### Not Ideal For
Swing traders holding multi-day positions
Set-and-forget / passive investors
Traders who can't watch market open
Complete beginners unfamiliar with trading concepts
Low volume / illiquid instruments
## Frequently Asked Questions
Q: Why are no signals appearing?
A: Check that you're on an intraday timeframe (5min, 15min, etc.) and that the current time is within your session hours. Also verify that "Enable Breakout Detection" is ON and at least one ORB stage is enabled. If using filters, they might be blocking signals - try disabling them temporarily.
Q: What's the best ORB stage to use?
A: ORB15 (15 minutes) is most popular and balanced. ORB5 gives faster signals but more noise. ORB30 and ORB60 are slower but more reliable. Many traders use ORB15 + ORB30 together.
Q: Should I enable all the filters?
A: Start with no filters to see all signals. If too many false signals, add Volume filter first (stocks) or Trend filter (trending markets). FVG filter is most restrictive - use for maximum quality but fewer signals.
Q: How do I know which stop loss method to use?
A: ATR works for most cases - it adapts to volatility. Use ORB% if you want predictable stop placement. Swing is for respecting chart structure. Safer gives you the most room but largest risk.
Q: Can I use this for swing trading?
A: Not really - ORB is fundamentally an intraday strategy. The ranges reset each day. For swing trading, look at weekly support/resistance or moving averages instead.
Q: Why do TP/SL lines disappear sometimes?
A: Lines freeze (stop extending) when: stop loss is hit, the last enabled take-profit is hit, or end of session arrives (if "Freeze at EOD" is enabled). This is intentional - the trade is complete.
Q: What's the difference between "First Only" and "Track Cycles"?
A: "First Only" shows one breakout UP and one DOWN per day maximum - clean but might miss opportunities. "Track Cycles" shows breakout-retest-rebreak sequences - more signals but busier chart.
Q: Is position sizing accurate for options/forex?
A: The calculator is designed for shares (stocks). For options, ignore the share count and use the risk amount. For forex, you'll need to adapt the lot size calculation manually.
Q: How much capital do I need to use this?
A: The indicator works for any account size, but practical day trading typically requires $25,000 in the US due to Pattern Day Trader rules. Adjust the "Account Size" setting to match your capital.
Q: Can I backtest this strategy?
A: This is an indicator, not a strategy script, so it doesn't have built-in backtesting. You can visually review historical signals or code a strategy script using similar logic.
Q: Why does the dashboard show different entry price than the breakout label?
A: If you're looking at an old breakout, the ORB levels may have changed when the next stage completed. The dashboard always shows the CURRENT active range and trade setup.
Q: What's a good win rate to expect?
A: ORB strategies typically see 40-60% win rate depending on market conditions and filters used. The strategy relies on positive risk/reward ratios (2:1 or better) to be profitable even with moderate win rates.
Q: Does this work on crypto?
A: Yes, but crypto trades 24/7 so you need to define what "session start" means. Use Session Mode = Custom and set your preferred daily reset time (e.g., 0000-2359 UTC).
## Credits & Transparency
### Development
This indicator was developed with the assistance of AI technology to implement complex ORB trading logic.
The strategy concept, feature specifications, and trading logic were designed by the publisher. The implementation leverages modern development tools to ensure:
Clean, efficient, and maintainable code
Comprehensive error handling and input validation
Detailed documentation and user guidance
Performance optimization
### Trading Concepts
This indicator implements several public domain trading concepts:
Opening Range Breakout (ORB): Trading strategy popularized by Toby Crabel, Mark Fisher and many more talanted traders.
Fair Value Gap (FVG): Price imbalance concept from ICT methodology
SuperTrend: ATR-based trend indicator using public formula
Risk/Reward Ratio: Standard risk management principle
All mathematical formulas and technical concepts used are in the public domain.
### Pine Script
Uses standard TradingView built-in functions:
ta.ema(), ta.atr(), ta.vwap(), ta.highest(), ta.lowest(), request.security()
No external libraries or proprietary code from other authors.
## Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice.
Trading involves substantial risk of loss and is not suitable for every investor. Past performance shown in examples is not indicative of future results.
The indicator provides signals and calculations, but trading decisions are solely your responsibility. Always:
Test strategies on paper before using real money
Never risk more than you can afford to lose
Understand that all trading involves risk
Consider seeking advice from a licensed financial advisor
The publisher makes no guarantees regarding accuracy, profitability, or performance. Use at your own risk.
---
Version: 3.0
Pine Script Version: v6
Last Updated: October 2024
For support, questions, or suggestions, please comment below or send a private message.
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Happy trading, and remember: consistent risk management beats perfect entry timing every time.
[LTS] Marubozu Candle StrategyOVERVIEW
The Marubozu Candle Strategy identifies and trades wickless candles (Marubozu patterns) with dynamic take-profit and stop-loss levels based on market volatility. This indicator combines traditional Japanese candlestick pattern recognition with modern volatility-adjusted risk management and includes a comprehensive performance tracking dashboard.
A Marubozu candle is a powerful continuation pattern characterized by the complete absence of wicks on one side, indicating strong directional momentum. This strategy specifically detects:
- Bullish Marubozu: Close > Open AND Low = Open (no lower wick)
- Bearish Marubozu: Close < Open AND High = Open (no upper wick)
When price returns to test these levels, the indicator generates trading signals with predefined risk-reward parameters.
CORE METHODOLOGY
Detection Logic:
The script scans each bar for Marubozu formations using precise price comparisons. When a wickless candle appears, a horizontal line extends from the opening price, marking it as a potential support (bullish) or resistance (bearish) level. These levels remain active until price touches them or until the maximum line limit is reached.
EMA Filter (Optional):
An exponential moving average filter enhances signal quality by requiring proper trend alignment. For bullish signals, price must be above the EMA when touching the level. For bearish signals, price must be below the EMA. This filter reduces counter-trend trades and improves win rates in trending markets. Users can disable this filter for range-bound conditions.
Dynamic Risk Management:
The strategy employs ATR-based (Average True Range) position sizing rather than fixed point values. This approach adapts to market volatility automatically:
- In low volatility: Tighter stops and targets
- In high volatility: Wider stops and targets proportional to market movement
Default settings use a 2:1 reward-to-risk ratio (1x ATR for take-profit, 0.5x ATR for stop-loss), but users can adjust these multipliers to match their trading style.
HOW IT WORKS
Step 1 - Pattern Detection:
On each bar, the indicator evaluates whether the candle qualifies as a Marubozu by comparing the high, low, open, and close prices. When detected, the opening price becomes the key level.
Step 2 - Level Management:
Horizontal lines extend from each Marubozu's opening price. The indicator maintains two separate arrays: one for unbroken levels (actively extending) and one for broken levels (historical reference). Users can configure how many of each type to display, preventing chart clutter while maintaining relevant context.
Step 3 - Signal Generation:
When price returns to touch a Marubozu level, the indicator evaluates the EMA filter condition. If the filter passes (or is disabled), the script draws TP/SL boxes showing the expected profit and loss zones based on current ATR values.
Step 4 - Trade Tracking:
Each valid signal enters the tracking system, which monitors subsequent price action to determine outcomes. The script identifies whether the take-profit or stop-loss was hit first (discarding trades where both trigger on the same candle to avoid ambiguous results).
PERFORMANCE DASHBOARD
The integrated dashboard provides real-time strategy analytics to automatically convert results to dollar values for any instrument:
Tracked Metrics:
- Total Trades: Complete count of closed positions
- Wins/Losses: Individual counts with color coding
- Win Rate: Success percentage with dynamic color (green >= 50%, red < 50%)
- Total P&L: Cumulative profit/loss in dollars
- Avg Win: Mean dollar amount per winning trade
- Avg Loss: Mean dollar amount per losing trade
NOTE: The dollar values shown in the dashboard are for trading only a single share/contract/etc. You will need to manually multiply those numbers by the amount of shares/contracts you are trading to get a true value.
The dollar conversion works automatically across all markets:
- Futures contracts (ES, NQ, CL, etc.) use their contract specifications
- Forex pairs use standard lot calculations
- Stocks and crypto use their respective point values
This eliminates manual calculation and provides immediate performance feedback in meaningful currency terms.
CUSTOMIZATION OPTIONS
ATR Settings:
- ATR Period: Lookback length for volatility calculation (default: 14)
- TP Multiplier: Take-profit distance as multiple of ATR (default: 3.0)
- SL Multiplier: Stop-loss distance as multiple of ATR (default: 1.5)
EMA Settings:
- EMA Length: Period for trend filter calculation (default: 9)
- Use EMA Filter: Toggle trend confirmation requirement (default: enabled)
Visual Settings:
- Bullish Color: Color for long signals and wins (default: green)
- Bearish Color: Color for short signals and losses (default: red)
- EMA Color: Color for trend filter line (default: orange)
- Line Width: Thickness of Marubozu level lines (1-5, default: 2)
- EMA Width: Thickness of EMA line (1-5, default: 2)
Line Management:
- Max Unbroken Lines: Limit for active extending lines (default: 10)
- Max Broken Lines: Limit for historical touched lines (default: 5)
Dashboard Settings:
- Show Dashboard: Toggle performance display on/off
- Dashboard Position: Corner placement (4 options)
- Dashboard Size: Text size selection (Tiny/Small/Normal/Large)
HOW TO USE
1. Add the indicator to your chart
2. Adjust ATR multipliers based on your risk tolerance (higher values = more conservative)
3. Configure the EMA filter based on market conditions (enable for trending, disable for ranging)
4. Set line limits to match your visual preference and chart timeframe
5. Monitor the dashboard to track strategy performance in real-time
6. Use the TP/SL boxes as reference levels for manual trades or automation
Best Practices:
- Enable EMA filter in strongly trending markets
- Disable EMA filter if you want more trade signals but at lower quality
- Increase ATR multipliers in highly volatile markets
- Decrease ATR multipliers for tighter, more frequent trades
- Review avg win/loss ratio to ensure positive expectancy
UNIQUE FEATURES
Unlike basic Marubozu detectors, this strategy provides:
1. Automatic level tracking with memory management
2. Volatility-adjusted risk parameters instead of fixed values
3. Optional trend confirmation via EMA filter
4. Real-time performance analytics with automatic dollar conversion
5. Separate tracking of wins/losses with individual averages
6. Configurable visual display to prevent chart clutter
7. Complete transparency with all logic visible in open-source code
Period Separator - MTF with Price LevelsPeriod Separator - MTF with Price Levels
A customizable multi-timeframe period separator indicator that displays a user-defined number of vertical lines with corresponding horizontal price levels.
Key Features:
Multi-Timeframe Support: Works with all timeframes from 1-minute to yearly (12M, 3M, M, W, D, 4H, 1H, 15m, 5m, 1m)
Complete Price Level Analysis: Shows horizontal lines for High, Low, 0.75, 0.50, 0.25, and Open levels for all visible periods between vertical separators
Seconds Chart Compatibility: Special 1-minute separator option for seconds timeframes
Full Customization: Independent color, style, and width settings for all lines
Smart Alerts: Optional price break alerts for high/low levels with sound options
Clean Memory Management: Automatically manages line objects to prevent chart clutter
Sliding Window Display: Set exactly how many vertical separator lines to show (1-20), with older lines automatically removed as new periods begin
Perfect for:
Session/period analysis with controlled visual complexity
Support/resistance level identification across multiple periods
Fibonacci-style level trading between defined time periods
Clean chart presentation with limited historical data display
Settings:
Number of Vertical Lines: Controls exactly how many period separators are visible
All price levels can be toggled on/off independently
Comprehensive styling options for professional chart presentation
Ideal for traders who want period-based analysis without overwhelming their charts with too many historical lines.
Overheat Oscillator with DivergenceIndicator Description
The Overheat Oscillator with Divergence is an advanced technical indicator designed for the TradingView platform, assisting traders in identifying potential market reversal points by analyzing price momentum and volume, as well as detecting divergences. The indicator combines trend strength assessment with signal smoothing to provide clear indications of market overheat or oversold conditions. An optional divergence detection feature allows for the identification of discrepancies between price movement and the oscillator's value, which may signal upcoming trend changes.
The indicator is displayed in a separate panel below the price chart and offers visual cues through a color gradient, horizontal reference lines, and a dynamic market sentiment table. Users can customize numerous parameters, such as calculation periods, sentiment thresholds, line colors, and visualization styles, making the indicator a versatile tool for various trading strategies.
How the Indicator Works
The indicator is based on the following key components:
Oscillator Calculations
The indicator analyzes price candles, assigning a score based on their nature. A bullish candle (when the closing price is higher than the opening price) receives a score of +1.0, while a bearish candle (when the closing price is lower than the opening price) receives a score of -1.0. This scoring reflects the strength of price movement over a given period.
The score is modified by a volume multiplier (default: 2.0) if the candle's volume exceeds the volume's simple moving average (SMA, default: calculated over 20 candles). This ensures that candles with higher volume have a greater impact on the oscillator's value, better capturing significant market movements driven by increased trading activity. For example, a bullish candle with high volume may receive a score of +2.0 instead of +1.0, amplifying the bullish signal.
The scores are summed over a specified number of candles (default: 20), normalized to a 0–100 range, and then smoothed using a simple moving average (SMA, default: 5 periods) to reduce noise and improve signal clarity.
Color Gradient
The oscillator's values are visualized using a color gradient that changes based on the oscillator's level:
Green: Market cooldown (values below the Gradient Min threshold).
Yellow: Neutral sentiment (values between Gradient Min and Gradient Yellow).
Orange: Elevated activity (values between Gradient Yellow and Gradient Orange).
Red: Market overheat (values above Gradient Orange).
The color gradient is applied as the background in the oscillator panel, facilitating quick assessment of market sentiment.
Reference Levels
The indicator displays customizable horizontal lines for key thresholds (e.g., Overheat Threshold, Oversold Threshold, Gradient Min, Yellow, Orange, Max). These lines are visible only at the height of the last few oscillator candles, preventing chart clutter and helping users focus on current values.
Users can also define three custom horizontal lines with selectable styles (solid, dotted, dashed) and colors. These lines serve as auxiliary tools, e.g., for marking personal support/resistance levels, but do not affect the oscillator's signals or background colors.
Market Sentiment
The indicator displays sentiment labels in a table located in the top-right corner of the panel, dynamically updating based on the oscillator's value:
Cooled: Values below Gradient Yellow (default: 35).
Neutral: Values between Gradient Yellow and Gradient Orange (default: 60).
Excited: Values between Gradient Orange and Overheat Threshold (default: 70).
Overheated: Values above Overheat Threshold (default: 70).
The Overheat Threshold and Oversold Threshold are critical for displaying the "Overheated" and "Cooled" labels in the sentiment table, enabling users to quickly identify extreme market conditions. The labels update when key thresholds are crossed, and their colors match the oscillator's gradient.
Divergence Detection
The indicator offers optional detection of regular bullish and bearish divergences:
Bullish Divergence: Occurs when the price forms a lower low, but the oscillator forms a higher low, suggesting a weakening downtrend.
Bearish Divergence: Occurs when the price forms a higher high, but the oscillator forms a lower high, suggesting a weakening uptrend.
Divergences are marked on the chart with labels ("Bull" for bullish, "Bear" for bearish) and lines indicating pivot points. They are calculated with a delay equal to the Lookback Right setting (default: 5 candles), meaning signals appear after pivot confirmation in the specified lookback period. The indicator also generates alerts for users when a divergence is detected.
Indicator Settings
Main Settings (SETTINGS)
Period Length: Specifies the number of candles used for oscillator calculations (default: 20).
Volume SMA Period: The period for the volume's simple moving average (default: 20).
Volume Multiplier: Multiplier applied to candle scores when volume exceeds the average (default: 2.0).
SMA Length: The period for smoothing the oscillator with a simple moving average (default: 5).
Thresholds (THRESHOLDS)
Overheat Threshold: Level indicating market overheat (default: 70). This value determines when the sentiment table displays the "Overheated" label, signaling a potential peak in an uptrend.
Oversold Threshold: Level indicating market cooldown (default: 30). This value determines when the sentiment table displays the "Cooled" label, signaling a potential bottom in a downtrend.
Gradient Min (Green): Lower threshold for the green gradient (default: 20).
Gradient Yellow Threshold: Threshold for the yellow gradient (default: 35).
Gradient Orange Threshold: Threshold for the orange gradient (default: 60).
Gradient Max (Red): Upper threshold for the red gradient (default: 70).
Visualization (VISUALIZATION)
Signal Line Color: Color of the oscillator line (default: dark red, RGB(5, 0, 0)).
Show Reference Lines: Enables/disables the display of threshold lines (default: enabled).
Divergence Settings (DIVERGENCE SETTINGS)
Calculate Divergence: Enables/disables divergence detection (default: disabled).
Lookback Right: Number of candles back for pivot analysis (default: 5).
Lookback Left: Number of candles to the left for pivot analysis (default: 5).
Line Style (STYLE)
Custom Line 1, 2, 3 Value: Levels for custom horizontal lines (default: 70, 50, 30).
Custom Line 1, 2, 3 Color: Colors for custom lines (default: black, RGB(0, 0, 0)).
Custom Line 1, 2, 3 Style: Line styles (solid, dotted, dashed; default: dashed, dotted, dashed).
How to Use the Indicator
Adding to the Chart
Add the indicator to your TradingView chart by searching for "Overheat Oscillator with Divergence."
Configure the settings according to your trading strategy.
Signal Interpretation
Overheated: Values above the Overheat Threshold (default: 70) in the sentiment table may indicate a potential uptrend peak.
Cooled: Values below the Oversold Threshold (default: 30) in the sentiment table may suggest a potential downtrend bottom.
Divergences:
Bullish: Look for "Bull" labels on the chart, indicating potential upward reversals (calculated with a Lookback Right delay).
Bearish: Look for "Bear" labels, indicating potential downward reversals (calculated with a Lookback Right delay).
Customization
Experiment with settings such as period length, volume multiplier, or gradient thresholds to tailor the indicator to your trading style (e.g., scalping, medium-term trading).
Usage Examples
Scalping: Set a shorter period (e.g., Period Length = 10, SMA Length = 3) and monitor rapid sentiment changes and divergences on lower timeframes (e.g., 5-minute charts).
Medium-Term Trading: Use default settings or increase Period Length (e.g., 30) and SMA Length (e.g., 7) for more stable signals on hourly or daily charts.
Reversal Detection: Enable divergence detection and observe "Bull" or "Bear" labels in conjunction with overheat/cooled levels in the sentiment table.
Notes
The indicator performs best when used in conjunction with other technical analysis tools, such as support/resistance lines, moving averages, or Fibonacci levels.
Divergences may serve as early signals but do not always guarantee immediate trend reversals—confirmation with other indicators is recommended.
Test different settings on historical data to find the optimal configuration for your chosen market and timeframe.
Drunken Bird Inspiration for the support and resistance plateau lines came from AnotherDAPTrader.
The TSL Drunken Bird is an enhanced technical analysis tool for swing traders on TradingView, based on the original Accurate Swing Trading System by ceyhun. It generates buy and sell signals when price crosses a dynamic Trailing Stop Loss (TSL) level derived from recent highs and lows. This version introduces plateau detection for support and resistance lines, dynamic label expiration to reduce clutter, customizable line styles and decay, and improved HTF confluence for trend-aligned trading. Visual elements include signal labels, horizontal lines, a colored TSL plot, and optional bar/background coloring. Alerts are available for buy/sell crossovers, making it suitable for assets like NASDAQ E-mini futures, stocks, forex, and more.
This script adapts and expands upon ceyhun's original codetradingview.com, adding significant features such as tolerance-based plateau identification for support/resistance, label management with timeframe-aware expiration (~7 days), cross-count decay for lines, and expanded customization options. Inspiration for the support and resistance plateau lines came from AnotherDAPTrader. Released under the Mozilla Public License 2.0.Key
Features
Swing Signals: "BUY" and "SELL" labels on price crossovers/crossunders of the TSL, with a user-defined lookback (default 3).
HTF Confluence: Filters signals based on higher timeframe trend (e.g., "EXIT LONG" instead of "SELL" if HTF is bullish); toggleable.
HTF Options: Select from 5m, 15m, 30m, 1h, 4h, Daily, Weekly, or Monthly.
Plateau Detection: Identifies flat highs/lows (with tolerance) for resistance/support lines, plotted as dotted/solid/dashed with customizable colors, thickness, and decay after crosses (default 2).
Horizontal Lines: Green (buy) and red (sell) lines at signal closes, extending right until crossed; toggle between short (no extension limit) or long visualization.
TSL Visualization: Colored line (green if close >= TSL, red otherwise) for dynamic levels.
Bar/Background Coloring: Optional green/red coloring based on price vs. TSL.
Label Expiration: All labels (signals and plateaus) auto-delete after ~7 days (timeframe-adjusted, default 1008 bars).
Alerts: Triggers for "Buy Signal" and "Sell Signal" on crossovers.
How to Use
Add to Chart: Paste the Pine Script into TradingView's editor and add to your chart.
Configure Settings:
Swing: Lookback for highs/lows (min 1).
Plateau Tolerance: Flatness allowance (default 0.0).
Use HTF Confluence: Enable for trend filtering.
Higher Time Frame: Choose timeframe string.
Barcolor/Bgcolor: Toggle coloring.
Show Plateau Lines: Enable support/resistance.
Line Styles/Colors/Thickness: Customize buy/sell and plateau visuals.
Plateau Line Decay: Crosses before stopping extension.
Label Expiration: Bars for auto-deletion (~7 days).
Interpret Elements:
Labels: "BUY"/"SELL" (green/red), "EXIT SHORT"/"EXIT LONG" (orange) on signals; "Res"/"Sup" on plateaus.
Lines: Extend right until conditions met (cross for buy/sell, decay threshold for plateaus).
TSL Plot: Monitors trend shifts.
Set Alerts: Use "Buy Signal" or "Sell Signal" conditions for notifications.
Testing: Apply to volatile assets; adjust Swing for signal frequency, tolerance for plateau sensitivity.
Ideal Use Cases
Swing trading on 1m–1h charts for entries/exits aligned with HTF trends.
Identifying support/resistance in ranging markets via plateaus.
Scalping with short lookbacks or longer swings with HTF enabled.
Manual or alert-based trading on futures, stocks, or forex.
Why It's Valuable
This indicator builds on ceyhun's core TSL logic with practical enhancements for modern trading: clutter reduction via expiration/decay, visual customization, and plateau-based S/R for better context. It promotes disciplined, trend-aware decisions while maintaining simplicity.
Note: Optimized for any timeframe/asset; test in demo. Not financial advice—use with risk management.
Percent Change IndicatorPercent Change Indicator Description
Overview:
The Percent Change Indicator is a Pine Script (version 6) indicator designed for TradingView to calculate and visualize the percentage change of the current close price relative to a user-selected reference price. It provides a customizable interface to display percentage changes as candlesticks or a line plot, with optional horizontal lines and labels for key levels. The indicator also includes visual signals and alerts for user-defined percentage thresholds, making it useful for identifying significant price movements.
Key Features:
1. Percentage Change Calculation:
- Computes the percentage change of the current close price compared to a reference price, scaled by a user-defined length parameter.
- Formula: percentChange = (close - refPrice) / refPrice * len
- The reference price is sourced from a user-selected timeframe (default: 1D) and price type (Open, High, Low, Close, HL2, HLC3, or HLCC4).
2. Visualization Options:
- Candlestick Plot: Displays percentage change as candlesticks, colored green for rising values and red for falling values.
- Line Plot: Plots the percentage change as a line, with the same color logic.
- Horizontal Lines: Optional horizontal lines at key percentage levels (0%, ±0.2%, ±0.5%, ±0.8%, ±1%) for reference.
- Labels: Optional labels for percentage levels (0, ±15%, ±35%, ±50%, ±65%, ±85%, ±100%) displayed at the chart's right edge.
- All visualizations are toggleable via input settings.
3. Signal and Alert System:
- Threshold-Based Signals: Plots green triangles below bars for long signals (percent change above a user-defined threshold) and red triangles above bars for short signals (percent change below the threshold).
- Alerts: Configurable alerts for long and short conditions, triggered when the percentage change crosses the user-defined threshold (default: 2%). Alert messages include the threshold value for clarity.
4. Customizable Inputs:
- Show Labels: Toggle visibility of percentage level labels (default: true).
- Show Percentage Change: Toggle the line plot of percentage change (default: true).
- Show HLines: Toggle visibility of horizontal reference lines (default: false).
- Show Candle Plot: Toggle the candlestick plot (default: true).
- Percent Change Length: Adjust the scaling factor for percentage change (default: 14).
- Plot Timeframe: Select the timeframe for the reference price (default: 1D).
- Price Type: Choose the reference price type (Open, High, Low, Close, HL2, HLC3, HLCC4; default: Open).
- Percentage Threshold: Set the threshold for long/short signals and alerts (default: 0.02 or 2%).
How It Works:
- The indicator fetches the reference price using request.security() based on the selected timeframe and price type.
- It calculates the percentage change and scales it by the user-defined length.
- Visuals (candlesticks, lines, labels, horizontal lines) are plotted based on user preferences.
- Long and short signals are generated when the percentage change exceeds or falls below the user-defined threshold, with corresponding triangles plotted and alerts triggered.
Use Cases:
- Trend Identification: Monitor significant price movements relative to a reference price.
- Signal Generation: Identify potential entry/exit points based on percentage change thresholds.
- Custom Analysis: Analyze price changes across different timeframes and price types for various trading strategies.
- Alert Notifications: Receive alerts for significant price movements to stay informed without constant chart monitoring.
Setup Instructions:
1. Add the indicator to a TradingView chart.
2. Adjust input settings (timeframe, price type, threshold, etc.) to suit your analysis.
3. Enable/disable visualization options (candlesticks, lines, labels, horizontal lines) as needed.
4. Set up alerts in TradingView:
- Go to the "Alerts" tab and select "Percent Change Indicator."
- Choose "Long Alert" or "Short Alert" to monitor threshold crossings.
- Configure alert frequency and notification method (e.g., email, webhook).
Notes:
- The indicator is non-overlay, displayed in a separate pane below the main chart.
- Alerts trigger on bar close by default; adjust TradingView alert settings for real-time notifications if needed.
- The indicator is released under the Mozilla Public License 2.0.
Author: Dshergill
This indicator is ideal for traders seeking a flexible tool to track percentage-based price movements with customizable visuals and alerts.
HTF 3rd Weekly High/LowThis indicator plots horizontal lines for the high and low of a selected past weekly candle, allowing traders to visualize higher time frame (HTF) structure on lower time frame charts (e.g., 1H, 4H, etc.).
Features:
Custom Weekly Range Selection: Use the dropdown to choose which weekly candle to reference — from the current week (0) to up to five weeks back.
Clean Horizontal Lines: High and low levels of the selected week are drawn as persistent horizontal lines.
Automatic Text Labels: Labels like Week-3H and Week-3L are shown on the right side of the chart, matching the week selected.
Customization:
Line colors
Line width and style (solid, dotted, dashed)
Text label offset
Automatic Refresh: Levels and labels are redrawn at the start of each new week to stay current with your selection.
Support and Resistance MTFSupport and Resistance MTF
Support and Resistance MTF is a powerful tool that automatically detects and visualizes key support and resistance levels based on pivot highs and lows, using a higher timeframe of your choice. It is designed for traders who focus on price action and market structure, and want an adaptive, clean, and customizable indicator that helps identify important market zones.
The script uses configurable pivot logic to identify levels, with user-defined parameters for pivot strength and timeframe. Once a support or resistance level is detected, it is displayed on the chart either as a horizontal line, a shaded box, or both, depending on your display settings. You can fully customize the visual appearance including color, transparency, and line thickness. Levels are automatically extended into the future, and optionally into the past, to give better context.
Each level is monitored for breakout behavior. If price breaks through a level, it can change its role — a former resistance may become support, and vice versa. After a certain number of breakouts (which you define), the level is considered invalid and is automatically removed from the chart. This helps to maintain a clean visual layout and ensures only relevant levels are shown.
The indicator supports multi-timeframe analysis, allowing you to overlay higher-timeframe structure directly on your lower-timeframe trading chart. It is also compatible with Heikin Ashi candles internally for reference, without affecting your main chart type.
Support and Resistance MTF is ideal for traders looking to align intraday setups with higher-timeframe zones, manage risk around structural levels, or simply highlight market turning points in a clear and automated way. Built with Pine Script v5 and optimized for performance, it is both powerful and lightweight.
⚙️ Input Parameters – Description
[Time-Frame
Defines the higher timeframe used for detecting support and resistance levels. For example, you can set this to 1h, 4h, or D to visualize significant levels from a broader market perspective on a lower-timeframe chart.
Left / Right (Pivot Left / Pivot Right)
These parameters control the sensitivity of the pivot detection. A pivot high/low is confirmed if it is higher/lower than the defined number of candles to its left and right. Higher values reduce noise but may miss smaller turning points.
Extend Left
When enabled, the drawn levels (lines and/or boxes) are extended to the left side of the chart, allowing you to see the historical alignment of these levels.
Max Breaks Before Delete
Defines how many times a level can be broken by price before it is removed from the chart. This helps to avoid clutter from outdated or invalidated levels and keeps your chart relevant to current price action.
Draw Lines Only
If enabled, the indicator will draw only horizontal lines for support and resistance zones, omitting the colored background boxes. Useful for a cleaner chart appearance.
Line Width Broken Level
Sets the thickness of the support/resistance lines. Thicker lines can emphasize key levels, especially after a breakout.
Transparency Boxes
Controls the transparency (0–100) of the background boxes representing the zones. A higher value makes the boxes more transparent, lower values make them more opaque.
Transparency Lines
Controls the transparency (0–100) of the horizontal support and resistance lines. This allows for visual fine-tuning based on chart background and personal preference.
Support (Color, Group: Display)
Lets you choose the color used for support zones and lines. By default, it's green, but you can change it to fit your theme or visual preference.
Resistance (Color, Group: Display)
Defines the color for resistance zones and lines. The default is red, but it can be customized freely.
MFI Candle Trend🎯 Purpose:
The MFI Candle Trend is a custom TradingView indicator that transforms the Money Flow Index (MFI) into candle-style visuals using various smoothing and transformation techniques. Rather than displaying MFI as a line, this script generates synthetic candles from MFI values, helping traders visualize money flow trends, strength, and potential reversals with more clarity.
📌 Trend strength can be analyzed based on buying and selling pressures in the trend direction.
🧩 How It Works:
Calculates MFI values for open, high, low, and close prices.
Applies optional smoothing using the user-selected moving average (EMA, SMA, WMA, etc.).
Transforms the smoothed MFI data into synthetic candles using a selected method:
Normal: Uses raw MFI data
Heikin-Ashi: Applies HA transformation to MFI
Linear: Uses linear regression on MFI values
Rational Quadratic: Applies advanced rational quadratic filtering via an external kernel library
Colors candles based on MFI momentum:
Cyan: Strong positive MFI movement
Red: Strong negative MFI movement
⚙️ Key Inputs:
Method:
The type of smoothing method to apply to MFI
Options: None, EMA, SMA, SMMA (RMA), WMA, VWMA, HMA, Mode
Length:
Period for both the MFI and smoothing calculation
Candle:
Selects the transformation mode for generating synthetic candles
Options: Normal, Heikin-Ashi, Linear, Rational Quadratic
Rational Quadratic:
Adjusts the depth of smoothing for the Rational Quadratic filter (applies only if selected)
📊 Outputs:
Synthetic MFI Candlesticks:
Plotted using the smoothed and transformed MFI values.
Dynamic Coloring:
Cyan when MFI momentum is increasing
Red when MFI momentum is decreasing
Horizontal Lines:
80: Overbought zone
20: Oversold zone
🧠 Why Use This Indicator?
Unlike traditional MFI indicators that use a line plot, this tool gives traders:
A candle-based visualization of money flow momentum
Enhanced trend and reversal detection using color-coded MFI candles
A choice of smoothing filters and transformations for noise reduction
A powerful combination of momentum and structure-based analysis
To combine volume and price strength into a single chart element
❗Important Note:
This indicator is for educational and analytical purposes only. It does not constitute financial advice. Always use proper risk management and validate with additional tools or analysis.
Real-Time Open Levels with Labels + Info TableReal-Time Multi-Timeframe Open Levels with Labels & Info Panel
Overview
This indicator displays real-time opening price levels across multiple timeframes (Monthly, Weekly, Daily, 4H) directly on your chart. It features:
• Dynamic horizontal lines extending through each timeframe period
• Customizable labels with text/colors
• Special 4H line treatment for the last hour (5-min charts only)
• Integrated information panel showing symbol, timeframe, and price changes
! (www.tradingview.com)
*Example showing multiple timeframe levels with labels and info panel*
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Features & Configuration
1. Monthly Settings
! (www.tradingview.com)
Show Monthly: Toggle visibility of monthly opening price
Color: Semi-transparent blue (#2196F3 at 70% opacity)
Width: 2px line thickness
Style: Solid/Dotted/Dashed
Label: Display "M-Open" text with white text on blue background
2. Weekly Settings
! (www.tradingview.com)
Show Weekly: Toggle weekly opening price visibility
Color: Semi-transparent red (#FF5252 at 70% opacity)
Width: 1px thickness
Style: Dotted by default
Label: "W-Open" text in white on red background
3. Daily Settings
! (www.tradingview.com)
Show Daily: Toggle daily opening price
Color: Amber (#FFA000 at 70% opacity)
Width: 2px thickness
Style: Solid
Label: "D-Open" in white on orange background
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4. 4-Hour Settings (5-Minute Charts Only)
Special Features for 5-Min Timeframe:
1. Standard 4H Line
• First 3 hours: Green (#4CAF50) dashed line
• Last hour: Bright red solid line (configurable)
• Vertical divider between 3rd/4th hours
2. Configuration Options
• Main 4H Line:
◦ Color/Width/Style for initial 3 hours
◦ Toggle label ("H4-Open") visibility and styling
• Final Hour Enhancement:
*Last Hour Line*
◦ Unique red color and line style
◦ Separate width (1px) and style (Solid)
*Divider Line*
◦ Vertical red dotted line marking last hour
◦ Adjustable position/width/transparency
! (www.tradingview.com)
*4H levels showing 3-hour segment and final hour treatment*
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5. Info Panel Settings
Positioning:
• Anchor to any chart corner (Top/Bottom + Left/Right combinations)
• Three text sizes: Title (Huge), Change % (Large), Signature (Small)
Display Elements:
• Symbol: Show exchange prefix (e.g., "NASDAQ:")
• Timeframe: Current chart period (e.g., "5m")
• Change %: 24-hour price movement ▲/▼ percentage
• Custom Signature: Add text/username in footer
Styling:
• Semi-transparent white text (#ffffff77)
• Currency pair formatting (e.g., BTC/USD vs BTC-USD)
! (www.tradingview.com)
*Sample info panel with all elements enabled*
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Usage Tips
1. Multi-Timeframe Context: Use levels to identify key daily/weekly support/resistance
2. 4H Trading: On 5-min charts, watch for price reactions near final hour transition
3. Customization:
• Match line colors to your chart theme
• Use different labels for clarity (e.g., "Weekly Open")
• Disable unused elements to reduce clutter
4. Divider Lines: Helps identify institutional trading periods (hour closes)
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*Created using Pine Script v6. For optimal performance, use on charts <1H timeframe. ()*
[blackcat] L3 Dark Horse OscillatorOVERVIEW
The L3 Dark Horse Oscillator is a sophisticated technical indicator meticulously crafted to offer traders deep insights into market momentum. By leveraging advanced calculations involving Relative Strength Value (RSV) and proprietary oscillatory techniques, this script provides clear and actionable signals for identifying potential buying and selling opportunities. Its distinctive feature—a vibrant gradient color scheme—enhances readability and makes it easier to visualize trends and reversals on the chart 📈↗️.
FEATURES
Advanced Calculation Methods: Utilizes complex algorithms to compute the Relative Strength Value (RSV) over specific periods, providing a nuanced view of price movements.
Default Period: 27 bars for initial RSV calculation.
Additional Period: 36 bars for extended RSV analysis.
Dual-Oscillator Components:
Component A: Derived using multiple layers of Simple Moving Averages (SMAs) applied to the RSV, offering a smoothed representation of short-term momentum.
Component B: Employs a unique averaging method tailored to capture medium-term trends effectively.
Dynamic Gradient Color Scheme: Enhances visualization through a spectrum of colors that change dynamically based on the calculated values, making trend identification intuitive and engaging 🌈.
Customizable Horizontal Reference Lines: Key levels are marked at 0, 10, 50, and 90 to serve as benchmarks for assessing the oscillator's readings, helping traders make informed decisions quickly.
Comprehensive Visual Representation: Combines the strengths of both components into a single, gradient-colored candlestick plot, providing a holistic view of market sentiment and momentum shifts 📊.
HOW TO USE
Adding the Indicator: Start by adding the L3 Dark Horse Oscillator to your TradingView chart via the indicators menu. This will overlay the necessary plots directly onto your price chart.
Interpreting the Components: Familiarize yourself with the two primary components represented by yellow and fuchsia lines. These lines indicate the underlying momentum derived from the RSV calculations.
Monitoring Momentum Shifts: Pay close attention to the gradient-colored candlesticks, which reflect the combined strength of both components. Notice how these candles transition through various shades, signaling changes in market dynamics.
Utilizing Reference Levels: Leverage the horizontal lines at 0, 10, 50, and 90 as critical thresholds. For instance, values above 50 might suggest bullish conditions, while those below could hint at bearish tendencies.
Combining with Other Tools: To enhance reliability, integrate this indicator with complementary technical analyses such as moving averages, volume profiles, or other oscillators like RSI or MACD.
LIMITATIONS
Market Volatility: In extremely volatile or sideways-trending markets, the indicator might produce false signals due to erratic price movements. Always cross-reference with broader market contexts.
Testing Required: Before deploying the indicator in real-time trading, conduct thorough backtesting across diverse assets and timeframes to understand its performance characteristics fully.
Asset-Specific Performance: The efficacy of the L3 Dark Horse Oscillator can differ significantly across various financial instruments and market conditions. Tailor your strategies accordingly.
NOTES
Historical Data: Ensure ample historical data availability to facilitate precise calculations and avoid inaccuracies stemming from insufficient data points.
Parameter Adjustments: Experiment with adjusting the default periods (27 and 36 bars) if you find them unsuitable for your specific trading style or market conditions.
Visual Customization: Modify the appearance settings, including line styles and gradient colors, to better suit personal preferences without compromising functionality.
Risk Management: While the indicator offers valuable insights, always adhere to robust risk management practices to safeguard against unexpected market fluctuations.
EXAMPLE STRATEGIES
Trend Following: Use the oscillator to confirm existing trends. When Component A crosses above Component B, consider entering long positions; conversely, look for short entries during downward crossovers.
Mean Reversion: Identify extreme readings near the upper (90) or lower (10) bands where prices might revert to mean levels, presenting potential reversal opportunities.
Divergence Analysis: Compare the oscillator's behavior with price action to spot divergences, which often precede trend reversals. Bullish divergence occurs when prices make lower lows but the oscillator shows higher lows, suggesting upward momentum.
GIGANEVA V6.61 PublicThis enhanced Fibonacci script for TradingView is a powerful, all-in-one tool that calculates Fibonacci Levels, Fans, Time Pivots, and Golden Pivots on both logarithmic and linear scales. Its ability to compute time pivots via fan intersections and Range interactions, combined with user-friendly features like Bool Fib Right, sets it apart. The script maximizes TradingView’s plotting capabilities, making it a unique and versatile tool for technical analysis across various markets.
1. Overview of the Script
The script appears to be a custom technical analysis tool built for TradingView, improving upon an existing script from TradingView’s Community Scripts. It calculates and plots:
Fibonacci Levels: Standard retracement levels (e.g., 0.236, 0.382, 0.5, 0.618, etc.) based on a user-defined price range.
Fibonacci Fans: Trendlines drawn from a high or low point, radiating at Fibonacci ratios to project potential support/resistance zones.
Time Pivots: Points in time where significant price action is expected, determined by the intersection of Fibonacci Fans or their interaction with key price levels.
Golden Pivots: Specific time pivots calculated when the 0.5 Fibonacci Fan (on a logarithmic or linear scale) intersects with its counterpart.
The script supports both logarithmic and linear price scales, ensuring versatility across different charting preferences. It also includes a feature to extend Fibonacci Fans to the right, regardless of whether the user selects the top or bottom of the range first.
2. Key Components Explained
a) Fibonacci Levels and Fans from Top and Bottom of the "Range"
Fibonacci Levels: These are horizontal lines plotted at standard Fibonacci retracement ratios (e.g., 0.236, 0.382, 0.5, 0.618, etc.) based on a user-defined price range (the "Range"). The Range is typically the distance between a significant high (top) and low (bottom) on the chart.
Example: If the high is $100 and the low is $50, the 0.618 retracement level would be at $80.90 ($50 + 0.618 × $50).
Fibonacci Fans: These are diagonal lines drawn from either the top or bottom of the Range, radiating at Fibonacci ratios (e.g., 0.382, 0.5, 0.618). They project potential dynamic support or resistance zones as price evolves over time.
From Top: Fans drawn downward from the high of the Range.
From Bottom: Fans drawn upward from the low of the Range.
Log and Linear Scale:
Logarithmic Scale: Adjusts price intervals to account for percentage changes, which is useful for assets with large price ranges (e.g., cryptocurrencies or stocks with exponential growth). Fibonacci calculations on a log scale ensure ratios are proportional to percentage moves.
Linear Scale: Uses absolute price differences, suitable for assets with smaller, more stable price ranges.
The script’s ability to plot on both scales makes it adaptable to different markets and user preferences.
b) Time Pivots
Time pivots are points in time where significant price action (e.g., reversals, breakouts) is anticipated. The script calculates these in two ways:
Fans Crossing Each Other:
When two Fibonacci Fans (e.g., one from the top and one from the bottom) intersect, their crossing point represents a potential time pivot. This is because the intersection indicates a convergence of dynamic support/resistance zones, increasing the likelihood of a price reaction.
Example: A 0.618 fan from the top crosses a 0.382 fan from the bottom at a specific bar on the chart, marking that bar as a time pivot.
Fans Crossing Top and Bottom of the Range:
A fan line (e.g., 0.5 fan from the bottom) may intersect the top or bottom price level of the Range at a specific time. This intersection highlights a moment where the fan’s projected support/resistance aligns with a key price level, signaling a potential pivot.
Example: The 0.618 fan from the bottom reaches the top of the Range ($100) at bar 50, marking bar 50 as a time pivot.
c) Golden Pivots
Definition: Golden pivots are a special type of time pivot calculated when the 0.5 Fibonacci Fan on one scale (logarithmic or linear) intersects with the 0.5 fan on the opposite scale (or vice versa).
Significance: The 0.5 level is the midpoint of the Fibonacci sequence and often acts as a critical balance point in price action. When fans at this level cross, it suggests a high-probability moment for a price reversal or significant move.
Example: If the 0.5 fan on a logarithmic scale (drawn from the bottom) crosses the 0.5 fan on a linear scale (drawn from the top) at bar 100, this intersection is labeled a "Golden Pivot" due to its confluence of key Fibonacci levels.
d) Bool Fib Right
This is a user-configurable setting (a boolean input in the script) that extends Fibonacci Fans to the right side of the chart.
Functionality: When enabled, the fans project forward in time, regardless of whether the user selected the top or bottom of the Range first. This ensures consistency in visualization, as the direction of the Range selection (top-to-bottom or bottom-to-top) does not affect the fan’s extension.
Use Case: Traders can use this to project future support/resistance zones without worrying about how they defined the Range, improving usability.
3. Why Is This Code Unique?
Original calculation of Log levels were taken from zekicanozkanli code. Thank you for giving me great Foundation, later modified and applied to Fib fans. The script’s uniqueness stems from its comprehensive integration of Fibonacci-based tools and its optimization for TradingView’s plotting capabilities. Here’s a detailed breakdown:
All-in-One Fibonacci Tool:
Most Fibonacci scripts on TradingView focus on either retracement levels, extensions, or fans.
This script combines:
Fibonacci Levels: Static horizontal lines for retracement and extension.
Fibonacci Fans: Dynamic trendlines for projecting support/resistance.
Time Pivots: Temporal analysis based on fan intersections and Range interactions.
Golden Pivots: Specialized pivots based on 0.5 fan confluences.
By integrating these functions, the script provides a holistic Fibonacci analysis tool, reducing the need for multiple scripts.
Log and Linear Scale Support:
Many Fibonacci tools are designed for linear scales only, which can distort projections for assets with exponential price movements. By supporting both logarithmic and linear scales, the script caters to a wider range of markets (e.g., stocks, forex, crypto) and user preferences.
Time Pivot Calculations:
Calculating time pivots based on fan intersections and Range interactions is a novel feature. Most TradingView scripts focus on price-based Fibonacci levels, not temporal analysis. This adds a predictive element, helping traders anticipate when significant price action might occur.
Golden Pivot Innovation:
The concept of "Golden Pivots" (0.5 fan intersections across scales) is a unique addition. It leverages the symmetry of the 0.5 level and the differences between log and linear scales to identify high-probability pivot points.
Maximized Plot Capabilities:
TradingView imposes limits on the number of plots (lines, labels, etc.) a script can render. This script is coded to fully utilize these limits, ensuring that all Fibonacci levels, fans, pivots, and labels are plotted without exceeding TradingView’s constraints.
This optimization likely involves efficient use of arrays, loops, and conditional plotting to manage resources while delivering a rich visual output.
User-Friendly Features:
The Bool Fib Right option simplifies fan projection, making the tool intuitive even for users who may not consistently select the Range in the same order.
The script’s flexibility in handling top/bottom Range selection enhances usability.
4. Potential Use Cases
Trend Analysis: Traders can use Fibonacci Fans to identify dynamic support/resistance zones in trending markets.
Reversal Trading: Time pivots and Golden Pivots help pinpoint moments for potential price reversals.
Range Trading: Fibonacci Levels provide key price zones for trading within a defined range.
Cross-Market Application: Log/linear scale support makes the script suitable for stocks, forex, commodities, and cryptocurrencies.
The original code was from zekicanozkanli . Thank you for giving me great Foundation.
WMA and Intraday Highest Volume Candle Levels🔹 WMA Calculation (Weighted Moving Averages)
Custom WMA Function:
Uses a manual weighted average calculation.
Assigns more weight to recent prices for smoother trend detection.
Three Timeframes:
5-Minute WMA (Yellow)
15-Minute WMA (Blue)
30-Minute WMA (Red)
🔹 Intraday Highest Volume Candle Levels
Finds the candle with the highest volume for the selected intraday timeframe.
Stores its High & Low levels to act as support/resistance.
Deletes and redraws lines daily to reflect the latest session's highest volume candle.
Plots horizontal lines:
Green Line: High of the highest volume candle.
Red Line: Low of the highest volume candle.
Customization: User can choose the analysis timeframe (default: 3 minutes).
✅ Benefits of This Indicator
✔ Multi-timeframe trend analysis using WMA.
✔ Key intraday levels based on highest volume candle.
✔ Dynamic support & resistance levels based on real-time volume activity.
✔ Customizable timeframe for volume analysis.
Stochastic Fusion Elite [trade_lexx]📈 Stochastic Fusion Elite is your reliable trading assistant!
📊 What is Stochastic Fusion Elite ?
Stochastic Fusion Elite is a trading indicator based on a stochastic oscillator. It analyzes the rate of price change and generates buy or sell signals based on various technical analysis methods.
💡 The main components of the indicator
📊 Stochastic oscillator (K and D)
Stochastic shows the position of the current price relative to the price range for a certain period. Values above 80 indicate overbought (an early sale is possible), and values below 20 indicate oversold (an early purchase is possible).
📈 Moving Averages (MA)
The indicator uses 10 different types of moving averages to smooth stochastic lines.:
- SMA: Simple moving average
- EMA: Exponential moving average
- WMA: Weighted moving average
- HMA: Moving Average Scale
- KAMA: Kaufman Adaptive Moving Average
- VWMA: Volume-weighted moving average
- ALMA: Arnaud Legoux Moving Average
- TEMA: Triple exponential moving average
- ZLEMA: zero delay exponential moving average
- DEMA: Double exponential moving average
The choice of the type of moving average affects the speed of the indicator's response to market changes.
🎯 Bollinger Bands (BB)
Bands around the moving average that widen and narrow depending on volatility. They help determine when the stochastic is out of the normal range.
🔄 Divergences
Divergences show discrepancies between price and stochastic:
- Bullish divergence: price is falling and stochastic is rising — an upward reversal is possible
- Bearish divergence: the price is rising, and stochastic is falling — a downward reversal is possible
🔍 Indicator signals
1️⃣ KD signals (K and D stochastic lines)
- Buy signal:
- What happens: the %K line crosses the %D line from bottom to top
- What does it look like: a green triangle with the label "KD" under the chart and the label "Buy" below the bar
- What does this mean: the price is gaining an upward momentum, growth is possible
- Sell signal:
- What happens: the %K line crosses the %D line from top to bottom
- What it looks like: a red triangle with the label "KD" above the chart and the label "Sell" above the bar
- What does this mean: the price is losing its upward momentum, possibly falling
2️⃣ Moving Average Signals (MA)
- Buy Signal:
- What happens: stochastic crosses the moving average from bottom to top
- What it looks like: a green triangle with the label "MA" under the chart and the label "Buy" below the bar
- What does this mean: stochastic is starting to accelerate upward, price growth is possible
- Sell signal:
- What happens: stochastic crosses the moving average from top to bottom
- What it looks like: a red triangle with the label "MA" above the chart and the label "Sell" above the bar
- What does this mean: stochastic is starting to accelerate downwards, a price drop is possible
3️⃣ Bollinger Band Signals (BB)
- Buy signal:
- What happens: stochastic crosses the lower Bollinger band from bottom to top
- What it looks like: a green triangle with the label "BB" under the chart and the label "Buy" below the bar
- What does this mean: stochastic was too low and is now starting to recover
- Sell signal:
- What happens: Stochastic crosses the upper Bollinger band from top to bottom
- What it looks like: a red triangle with a "BB" label above the chart and a "Sell" label above the bar
- What does this mean: stochastic was too high and is now starting to decline
4️⃣ Divergence Signals (Div)
- Buy Signal (Bullish Divergence):
- What's happening: the price is falling, and stochastic is forming higher lows
- What it looks like: a green triangle with a "Div" label under the chart and a "Buy" label below the bar
- What does this mean: despite the falling price, the momentum is already changing in an upward direction
- Sell signal (bearish divergence):
- What's going on: the price is rising, and stochastic is forming lower highs
- What it looks like: a red triangle with a "Div" label above the chart and a "Sell" label above the bar
- What does this mean: despite the price increase, the momentum is already weakening
🛠️ Filters to filter out false signals
1️⃣ Minimum distance between the signals
- What it does: sets the minimum number of candles between signals
- Why it is needed: prevents signals from being too frequent during strong market fluctuations
- How to set it up: Set the number from 0 and above (default: 5)
2️⃣ "Waiting for the opposite signal" mode
- What it does: waits for a signal in the opposite direction before generating a new signal
- Why you need it: it helps you not to miss important trend reversals
- How to set up: just turn the function on or off
3️⃣ Filter by stochastic levels
- What it does: generates signals only when the stochastic is in the specified ranges
- Why it is needed: it helps to catch the moments when the market is oversold or overbought
- How to set up:
- For buy signals: set a range for oversold (for example, 1-20)
- For sell signals: set a range for overbought (for example, 80-100)
4️⃣ MFI filter
- What it does: additionally checks the values of the cash flow index (MFI)
- Why it is needed: confirms stochastic signals with cash flow data
- How to set it up:
- For buy signals: set the range for oversold MFI (for example, 1-25)
- For sell signals: set the range for overbought MFI (for example, 75-100)
5️⃣ The RSI filter
- What it does: additionally checks the RSI values to confirm the signals
- Why it is needed: adds additional confirmation from another popular indicator
- How to set up:
- For buy signals: set the range for oversold MFI (for example, 1-30)
- For sell signals: set the range for overbought MFI (for example, 70-100)
🔄 Signal combination modes
1️⃣ Normal mode
- How it works: all signals (KD, MA, BB, Div) work independently of each other
- When to use it: for general market analysis or when learning how to work with the indicator
2️⃣ "AND" Mode ("AND Mode")
- How it works: the alarm appears only when several conditions are triggered simultaneously
- Combination options:
- KD+MA: signals from the KD and moving average lines
- KD+BB: signals from KD lines and Bollinger bands
- KD+Div: signals from the KD and divergence lines
- KD+MA+BB: three signals simultaneously
- KD+MA+Div: three signals at the same time
- KD+BB+Div: three signals at the same time
- KD+MA+BB+Div: all four signals at the same time
- When to use: for more reliable but rare signals
🔌 Connecting to trading strategies
The indicator can be connected to your trading strategies using 6 different channels.:
1. Connector KD signals: connects only the signals from the intersection of lines K and D
2. Connector MA signals: connects only signals from moving averages
3. Connector BB signal: connects only the signals from the Bollinger bands
4. Connector divergence signals: connects only divergence signals
5. Combined Connector: connects any signals
6. Connector for "And" mode: connects only combined signals
🔔 Setting up alerts
The indicator can send alerts when alarms appear.:
- Alerts for KD: when the %K line crosses the %D line
- Alerts for MA: when stochastic crosses the moving average
- Alerts for BB: when stochastic crosses the Bollinger bands
- Divergence alerts: when a divergence is detected
- Combined alerts: for all types of alarms
- Alerts for "And" mode: for combined signals
🎭 What does the indicator look like on the chart ?
- Main lines K and D: blue and orange lines
- Overbought/oversold levels: horizontal lines at levels 20 and 80
- Middle line: dotted line at level 50
- Stochastic Moving Average: yellow line
- Bollinger bands: green lines around the moving average
- Signals: green and red triangles with corresponding labels
📚 How to start using Stochastic Fusion Elite
1️⃣ Initial setup
- Add an indicator to your chart
- Select the types of signals you want to use (KD, MA, BB, Div)
- Adjust the period and smoothing for the K and D lines
2️⃣ Filter settings
- Set the distance between the signals to get rid of unnecessary noise
- Adjust stochastic, MFI and RSI levels depending on the volatility of your asset
- If you need more reliable signals, turn on the "Waiting for the opposite signal" mode.
3️⃣ Operation mode selection
- First, use the standard mode to see all possible signals.
- When you get comfortable, try the "And" mode for rarer signals.
4️⃣ Setting up Alerts
- Select the types of signals you want to be notified about
- Set up alerts for these types of signals
5️⃣ Verification and adaptation
- Check the operation of the indicator on historical data
- Adjust the parameters for a specific asset
- Adapt the settings to your trading style
🌟 Usage examples
For trend trading
- Use the KD and MA signals in the direction of the main trend
- Set the distance between the signals
- Set stricter levels for filters
For trading in a sideways range
- Use BB signals to detect bounces from the range boundaries
- Use a stochastic level filter to confirm overbought/oversold conditions
- Adjust the Bollinger bands according to the width of the range
To determine the pivot points
- Pay attention to the divergence signals
- Set the distance between the signals
- Check the MFI and RSI filters for additional confirmation
Air Gap MTF with alert settingsWhat it shows:
This indicator will show a horizontal line at a price where each EMAs are on on different time frames, which will remove the effort of having to flick through different time frames or look at different chart.
The lines itself will move in real time as price moves and therefore as the EMA values changes so no need to manually adjustment the lines.
How to use it:
The price gap between each of the lines are known as "air gaps", which are essentially zones price can move with less resistance. Therefore bigger the airgap there is more likely more movement in price.
In other words, where lines are can be a resistance (or support) and can expect price stagnation or rejection.
On the chart it is clear to see lines are acting as resistances/supports.
Key settings:
The time frame are fixed to: 30min, 1hr and 4hr. This cannot be changed as of now.
EMA values for each time frame are user changeable in the settings, and up to 4 different values can be chosen for each time frame. Default is 5,12,34 and 50 for each timeframe.
Line colour, thickness and style can be user adjusted. Start point for where line will be drawn can be changed in the settings, either: start of day, user defined start or across the chart. In case of user defined scenario user can input a number that specifies a offset from current candle.
Label colour, font, alignment, text size and text itself can be user adjusted in the settings. Price can be also displayed if user chooses to do so. Position of label (offset from current candle) is user specified and can be adjusted by the user.
Both the lines and labels can be turned off (both and individually), for each lines.
Alert Settings:
Manually, user can set alerts for when price crosses a specific line.
This can be done by:
right click on any of line
choose first option (add alert on...)
On the second option under condition, use the dropdown menu to choose the desired EMA/timeframe to set alert for.
Hit "create" at bottom right of option
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If anything is not clear please let me know!
MFI Nexus Pro [trade_lexx]📈 MFI Nexus Pro is your reliable trading assistant!
📊 What is MFI Nexus Pro ?
MFI Nexus Pro is a trading indicator that analyzes cash flows in the market. It shows where money is moving — into or out of an asset, and based on this, generates buy or sell signals.
💡 The main components of the indicator
📊 The MFI Cash Flow Index (MFI)
shows the strength of cash flow into an asset. Values above 70 indicate overbought (an early sale is possible), and values below 30 indicate oversold (an early purchase is possible).
📈 Moving Averages (MA)
The indicator uses 10 different types of moving averages to smooth the MFI line.:
- SMA: Simple moving average
- EMA: Exponential moving average
- WMA: Weighted moving average
And other more complex types (HMA, KAMA, VWMA, ALMA, TEMA, ZLEMA, DEMA)
The choice of the type of moving average affects the speed of the indicator's response to market changes.
🎯 Bollinger Bands (BB)
Bands around the moving average that widen and narrow depending on volatility. They help determine when the MFI is out of the normal range.
🔄 Divergences
Divergences show discrepancies between price and MFI:
- Bullish divergence: the price is falling and the MFI is rising — an upward reversal is possible
- Bearish divergence: the price is rising and the MFI is falling — a downward reversal is possible
🔍 Indicator signals
1️⃣ Moving average signals (MA)
Buy signal
- What happens: MFI crosses its moving average from bottom to top
- What does it look like: the green triangle labeled "MA" under the chart
- What does it mean: money begins to actively flow into the asset, price growth is possible
Sell signal
- What happens: the MFI crosses the moving average from top to bottom
- What does it look like: a red triangle with the label "MA" above the chart
- What does it mean: money starts to leave the asset, the price may fall
2️⃣ Bollinger Band Signals (BB)
Buy signal
- What's happening: The MFI crosses the lower Bollinger band from bottom to top
- What it looks like: the green triangle marked "BB"
- What it means: The MFI was too low and is now starting to recover
Sell Signal
- What's going on: MFI crosses the upper Bollinger band from top to bottom
- What it looks like: a red triangle marked "BB"
- What it means: The MFI was too high and is now starting to decline
3️⃣ Divergence Signals (Div)
Buy Signal (Bullish Divergence)
- What's going on: the price is falling more than the MFI
- What it looks like: a green triangle marked "Div"
- What it means: despite the fall in price, money is already starting to return to the asset
Sell signal (bearish divergence)
- What is happening: the price is rising more strongly than the MFI
- What does it look like: the red triangle with the label "Div"
- What does it mean: despite the price increase, money is already starting to leave the asset
🛠️ Filters to filter out false signals
1️⃣ Minimum distance between the signals
- What it does: sets the minimum number of candles between signals
- Why it is needed: prevents signals from being too frequent during strong market fluctuations
- How to set it up: Set the number from 0 and above (default: 5)
2️⃣ "Waiting for the opposite signal" mode
- What it does: waits for a signal in the opposite direction before generating a new signal
- Why you need it: it helps you not to miss important trend reversals
- How to set up: just turn the function on or off
3️⃣ Filter by MFI levels
- What it does: generates signals only when the MFI is in the specified ranges
- Why it is needed: it helps to catch the moments when the market is oversold or overbought
- How to set up:
- For buy signals: set a range for oversold (e.g. 1-30)
- For sell signals: set a range for overbought (e.g. 70-100)
4️⃣ The RSI filter
- What it does: additionally checks the RSI values to confirm the signals
- Why it is needed: adds additional confirmation from another popular indicator
- How to set up: Similar to the MFI filter, set ranges for buying and selling
🔄 Signal combination modes
1️⃣ Normal mode ("None")
- How it works: all signals (MA, BB, Div) work independently of each other
- When to use it: for general market analysis or when learning how to work with the indicator
2️⃣ "And" mode ("MA and BB and Div")
- How it works: the alarm appears only when several conditions are triggered simultaneously
- Combination options:
- MA+BB: signals from the moving average and Bollinger bands
- MA+Div: signals from the moving average and divergence
- BB+Div: signals from the Bollinger bands and divergence
- MA+BB+Div: all three signals simultaneously
- When to use: for more reliable but rare signals
3️⃣ "OR" mode ("MA or BB or Div")
- How it works: the alarm appears when any of the conditions are triggered
- When to use: for frequent signals when you don't want to miss any opportunity.
🔌 Connecting to trading strategies
The indicator can be connected to your trading strategies using 5 different channels.:
1. Channel for MA signals: connects only signals from moving averages
2. BB signal channel: connects only the signals from the Bollinger bands
3. Channel for divergence signals: connects only divergence signals
4. Channel for "And" mode: connects only combined signals
5. Channel for "OR" mode: connects signals from any source
🔔 Setting up alerts
The indicator can send alerts when alarms appear.:
- Alerts for MA: when the MFI crosses the moving average
- Alerts for BB: when the MFI crosses the Bollinger bands
- Divergence alerts: when a divergence is detected
- Combined alerts: for "AND" and "OR" modes
🎭 What does the indicator look like on the chart ?
- MFI main line: purple line
- Overbought/oversold levels: horizontal lines at levels 30 and 70
- Middle line: dotted line at level 50
- MFI Moving Average: yellow line
- Bollinger bands: green lines around the moving average
- Signals: green and red triangles with corresponding labels
📚 How to start using MFI Nexus Pro
1️⃣ Initial setup
- Add an indicator to your chart
- Select the type of moving average and the period (you can leave it as the default)
- Activate the desired signal types (MA, BB, Div)
2️⃣ Filter settings
- Set the distance between the signals to get rid of unnecessary noise
- Adjust the MFI and RSI levels depending on how volatile your asset is
- If you need more reliable signals, turn on the "Waiting for the opposite signal" mode.
3️⃣ Operation mode selection
- First, use the standard mode to see all possible signals.
- When you get comfortable, try the "And" mode for more reliable signals.
- For active trading, you can use the "OR" mode
4️⃣ Setting up Alerts
- Select the types of signals you want to be notified about
- Set up alerts for "AND" or "OR" modes if you use them
5️⃣ Verification and adaptation
- Check the operation of the indicator on historical data
- Adjust the parameters for a specific asset
- Adapt the settings to your trading style
🌟 Usage examples
For trend trading
- Use MA signals in the direction of the main trend
- Turn on the "Waiting for the opposite signal" mode
- Set stricter levels for filters
For trading in a sideways range
- Use BB signals to detect bounces from the range boundaries
- Use the MFI level filter to confirm overbought/oversold conditions
- Adjust the Bollinger bands according to the width of the range
To determine the pivot points
- Pay attention to the divergence signals
- Use the "And" mode by combining divergences with other signals
- Check the RSI filter for additional confirmation
Advanced Support and Resistance Levels[MAP]Advanced Support and Resistance Levels Indicator
Author
Developed by:
Overview
The "Advanced Support and Resistance Levels" indicator, created, is a sophisticated tool designed for TradingView's Pine Script v6 platform. It identifies and plots key support and resistance levels on a price chart, enhancing technical analysis by incorporating pivot strength, volume weighting, and level decay. The indicator overlays lines, zones, and labels on the chart, providing a visual representation of significant price levels where the market has historically reversed or consolidated.
Purpose
This indicator, authored by , aims to:
Detect significant pivot points (highs and lows) with customizable strength requirements.
Track and rank support/resistance levels based on their recency, volume, and number of touches.
Display these levels as lines and optional zones, with strength-based visual cues (e.g., line thickness and opacity).
Offer flexibility through user-configurable settings to adapt to different trading styles and market conditions.
Features
Pivot Detection:
Identifies high and low pivots using a strength parameter, requiring a specified number of bars on either side where no higher highs or lower lows occur.
Incorporates closing price checks and SMA-based trend confirmation to filter out noise and ensure pivots align with the broader market direction.
Level Management:
Maintains a dynamic array of levels with attributes: price, type (support/resistance), bars since last touch, strength, and volume.
Merges nearby levels within a tolerance percentage, updating prices with a strength-weighted average.
Prunes weaker or older levels when exceeding the maximum allowed, prioritizing those with higher calculated strength.
Strength Calculation:
Combines the number of touches (strength), volume (if enabled), and age decay (if enabled) into a single metric.
Volume weighting uses a logarithmic scale to emphasize high-volume pivots without over-amplifying extreme values.
Age decay reduces the importance of older levels over time, ensuring relevance to current price action.
Visualization:
Draws horizontal lines at each level, with thickness reflecting the number of touches (up to a user-defined maximum).
Optional price zones around levels, sized as a percentage of the price, to indicate areas of influence.
Labels display the level type (S for support, R for resistance), price, and strength score, with position (left or right) customizable.
Line opacity varies with strength, providing a visual hierarchy of level significance.
Plots small triangles at detected pivot points for reference.
Inputs
Lookback Period (lookback, default: 20): Number of bars to consider for trend confirmation via SMA. Range: 5–100.
Pivot Strength (strength, default: 2): Number of bars required on each side of a pivot to confirm it. Range: 1–10.
Price Tolerance % (tolerance, default: 0.5): Percentage range for merging similar levels. Range: 0.1–5.
Max Levels to Show (maxLevels, default: 10): Maximum number of levels displayed. Range: 2–50.
Zone Size % (zoneSizePercent, default: 0.1): Size of the S/R zone as a percentage of the price. Range: 0–1.
Line Width (lineWidth, default: 1): Maximum thickness of level lines. Range: 1–5.
Show Labels (showLabels, default: true): Toggle visibility of level labels.
Label Position (labelPos, default: "Right"): Position of labels ("Left" or "Right").
Level Strength Decay (levelDecay, default: true): Enable gradual reduction in strength for older levels.
Volume Weighting (volumeWeight, default: true): Incorporate volume into level strength calculations.
Support Color (supportColor, default: green): Color for support levels.
Resistance Color (resistColor, default: red): Color for resistance levels.
How It Works
Pivot Detection:
Checks for pivots only after enough bars (2 * strength) have passed.
A high pivot requires strength bars before and after with no higher highs or closes, and a short-term SMA above a long-term SMA.
A low pivot requires strength bars before and after with no lower lows or closes, and a short-term SMA below a long-term SMA.
Level Tracking:
New pivots create levels with initial strength and volume.
Existing levels within tolerance are updated: strength increases, volume takes the maximum value, and price adjusts via a weighted average.
Levels older than lookback * 4 bars with strength below 0.5 are removed.
If the number of levels exceeds maxLevels, the weakest (by calculated strength) are pruned using a selection sort algorithm.
Drawing:
Updates on the last confirmed bar or in real-time.
Lines extend lookback bars left and right from the current bar, with thickness based on touches.
Zones (if enabled) are drawn symmetrically around the level price.
Labels show detailed info, with opacity tied to strength.
Usage
Add to Chart: Apply the indicator to any TradingView chart via the Pine Script editor, as designed by .
Adjust Settings: Customize inputs to match your trading strategy (e.g., increase strength for stronger pivots, adjust tolerance for tighter level merging).
Interpret Levels: Focus on thicker, less transparent lines for stronger levels; use zones to identify potential reversal areas.
Combine with Other Tools: Pair with trend indicators or oscillators for confluence in trading decisions.
Notes
Performance: The indicator uses arrays and sorting, which may slow down on very long charts with many levels. Keep maxLevels reasonable for efficiency.
Accuracy: Enhanced by trend confirmation and volume weighting, making it more reliable than basic S/R indicators, thanks to 's design.
Limitations: Real-time updates may shift levels as new pivots form; historical levels are more stable.
Example Settings
For day trading: lookback=10, strength=1, tolerance=0.3, maxLevels=5.
For swing trading: lookback=50, strength=3, tolerance=0.7, maxLevels=10.
Credits
Author: – Creator of this advanced support and resistance tool, blending precision and customization for traders.
Pso Volume Profile # Volume Profile with Dynamic Support and Resistance
## Overview
This Pine Script indicator for TradingView creates a comprehensive volume profile display with automatic support and resistance levels based on significant volume nodes. The indicator analyzes price action and volume data to identify key levels where trading activity has been concentrated, helping traders identify potential reversal or continuation zones.
## Key Features
### Volume Profile Analysis
- Displays a horizontal volume profile on the right side of the chart
- Divides volume into bid (buying) and ask (selling) components
- Color-codes bid and ask volumes differently for easy identification
- Customizable profile width, opacity, and placement
### Dynamic Support and Resistance Detection
- Automatically identifies significant price levels based on volume concentration
- Uses an adjustable percentile threshold to filter for the most important levels
- Color-codes support/resistance lines based on bid/ask dominance:
- Red lines: Bid-dominant levels (more buying pressure)
- Green lines: Ask-dominant levels (more selling pressure)
- Extends lines across the chart for clear visualization
### Customization Options
- Adjustable lookback period for volume analysis
- Configurable number of price divisions (bars)
- User-selectable volume percentile threshold (50-100%)
- Customizable colors for all elements
- Adjustable line length and position
## How It Works
1. The indicator divides the price range into a specified number of horizontal zones
2. It analyzes historical price and volume data within the lookback period
3. For each price zone, it calculates the total volume and separates bid/ask components
4. It identifies zones with volume exceeding the user-defined percentile threshold
5. It draws color-coded horizontal lines at these significant levels, extending across the chart
6. Lines are colored based on whether buying or selling was dominant at each level
## Usage Guidelines
- Higher percentile values (80-95%) will show fewer, but more significant levels
- Lower values (50-70%) will show more potential support/resistance zones
- Red lines often represent potential support levels (buyer-dominated)
- Green lines often represent potential resistance levels (seller-dominated)
- Areas where multiple lines cluster indicate highly significant zones
## Applications
- Identifying key price levels for entry and exit points
- Recognizing potential reversal zones
- Setting strategic stop-loss and take-profit levels
- Confirming support/resistance levels from other technical analysis methods
- Understanding the volume distribution and market structure
This indicator combines volume profile analysis with automatic support/resistance detection, providing traders with a powerful tool to identify significant price levels based on actual trading activity rather than just price patterns.
DCSessionStatsOHLC_v1.0DCSessionStatsOHLC_v1.0
© dc_77 | Pine Script™ v6 | Licensed under Mozilla Public License 2.0
This indicator overlays customizable session-based OHLC (Open, High, Low, Close) statistics on your TradingView chart. It tracks price action within user-defined sessions, calculates average manipulation and distribution levels based on historical data, and visually projects these levels with lines and labels. Additionally, it provides a session count table to monitor bullish and bearish sessions.
Key Features:
Session Customization: Define session time (e.g., "0000-1600") and time zone (e.g., UTC, America/New_York). Analyze up to 20 historical sessions.
Anchor Line: Displays a vertical line at session start with customizable style, color, and optional label.
Session Open Line: Plots a horizontal line at the session’s opening price with adjustable appearance and label.
Manipulation Levels: Calculates and projects average price extensions (high/low relative to open) for manipulative moves, shown as horizontal lines with labels.
Distribution Levels: Displays average price ranges (high/low beyond open) for distribution phases, with customizable lines and labels.
Visual Flexibility: Adjust line styles (solid, dashed, dotted), colors, widths, label sizes, and projection offsets (bars beyond session start).
Session Stats Table: Optional table showing counts of bullish (close > open) and bearish (close < open) sessions, with configurable position and size.
How It Works:
Tracks OHLC data within each session and identifies session start/end based on the specified time range.
Computes averages for manipulation (e.g., low below open in bullish sessions) and distribution (e.g., high above open) levels from past sessions.
Projects these levels forward as horizontal lines, extending them by a user-defined offset for easy reference.
Updates a table with real-time bullish/bearish session counts.
Use Case:
Ideal for traders analyzing intraday or custom session behavior, identifying key price levels, and gauging market sentiment over time.
Toggle individual elements on/off and fine-tune visuals to suit your trading style.
