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Correlation HeatMap [TradingFinder] Sessions Data Science Stats🔵 Introduction n financial markets, correlation describes the statistical relationship between the price movements of two assets and how they interact over time. It plays a key role in both trading and investing by helping analyze asset behavior, manage portfolio risk, and understand intermarket dynamics. The Correlation Heatmap is a visual tool that shows how the correlation between multiple assets and a central reference asset (the Main Symbol) changes over time. It supports four market types forex, stocks, crypto, and a custom mode making it adaptable to different trading environments. The heatmap uses a color-coded grid where warmer tones represent stronger negative correlations and cooler tones indicate stronger positive ones. This intuitive color system allows traders to quickly identify when assets move together or diverge, offering real-time insights that go beyond traditional correlation tables. 🟣 How to Interpret the Heatmap Visually ? Each cell represents the correlation between the main symbol and one compared asset at a specific time. Warm colors (e.g. red, orange) suggest strong negative correlation as one asset rises, the other tends to fall. Cool colors (e.g. blue, green) suggest strong positive correlation both assets tend to move in the same direction. Lighter shades indicate weaker correlations, while darker shades indicate stronger correlations. The heatmap updates over time, allowing users to detect changes in correlation during market events or trading sessions. One of the standout features of this indicator is its ability to overlay global market sessions such as Tokyo, London, New York, or major equity opens directly onto the heatmap timeline. This alignment lets traders observe how correlation structures respond to real-world session changes. For example, they can spot when assets shift from being inversely correlated to moving together as a new session opens, potentially signaling new momentum or macro flow. The customizable symbol setup (including up to 20 compared assets) makes it ideal not only for forex and crypto traders but also for multi-asset and sector-based stock analysis. 🟣 Use Cases and Advantages Analyze sector rotation in equities by tracking correlation to major indices like SPX or DJI. Monitor altcoin behavior relative to Bitcoin to find early entry opportunities in crypto markets. Detect changes in currency alignment with DXY across trading sessions in forex. Identify correlation breakdowns during market volatility, signaling possible new trends. Use correlation shifts as confirmation for trade setups or to hedge multi-asset exposure 🔵 How to Use Correlation is one of the core concepts in financial analysis and allows traders to understand how assets behave in relation to one another. The Correlation Heatmap extends this idea by going beyond a simple number or static matrix. Instead, it presents a dynamic visual map of how correlations shift over time. In this indicator, a Main Symbol is selected as the reference point for analysis. In standard modes such as forex, stocks, or crypto, the symbol currently shown on the main chart is automatically used as the main symbol. This allows users to begin correlation analysis right away without adjusting any settings. The horizontal axis of the heatmap shows time, while the vertical axis lists the selected assets. Each cell on the heatmap shows the correlation between that asset and the main symbol at a given moment. This approach is especially useful for intermarket analysis. In forex, for example, tracking how currency pairs like OANDA:EURUSD EURUSD, FX:GBPUSD GBPUSD, and PEPPERSTONE:AUDUSD AUDUSD correlate with TVC:DXY DXY can give insight into broader capital flow. If these pairs start showing increasing positive correlation with DXY say, shifting from blue to light green it could signal the start of a new phase or reversal. Conversely, if negative correlation fades gradually, it may suggest weakening relationships and more independent or volatile movement. In the crypto market, watching how altcoins correlate with Bitcoin can help identify ideal entry points in secondary assets. In the stock market, analyzing how companies within the same sector move in relation to a major index like SP:SPX SPX or DJ:DJI DJI is also a highly effective technique for both technical and fundamental analysts. This indicator not only visualizes correlation but also displays major market sessions. When enabled, this feature helps traders observe how correlation behavior changes at the start of each session, whether it's Tokyo, London, New York, or the opening of stock exchanges. Many key shifts, breakouts, or reversals tend to happen around these times, and the heatmap makes them easy to spot. Another important feature is the market selection mode. Users can switch between forex, crypto, stocks, or custom markets and see correlation behavior specific to each one. In custom mode, users can manually select any combination of symbols for more advanced or personalized analysis. This makes the heatmap valuable not only for forex traders but also for stock traders, crypto analysts, and multi-asset strategists. Finally, the heatmap's color-coded design helps users make sense of the data quickly. Warm colors such as red and orange reflect stronger negative correlations, while cool colors like blue and green represent stronger positive relationships. This simplicity and clarity make the tool accessible to both beginners and experienced traders. 🔵 Settings Correlation Period: Allows you to set how many historical bars are used for calculating correlation. A higher number means a smoother, slower-moving heatmap, while a lower number makes it more responsive to recent changes. Select Market: Lets you choose between Forex, Stock, Crypto, or Custom. In the first three options, the chart’s active symbol is automatically used as the Main Symbol. In Custom mode, you can manually define the Main Symbol and up to 20 Compared Symbols. Show Open Session: Enables the display of major trading sessions such as Tokyo, London, New York, or equity market opening hours directly on the timeline. This helps you connect correlation shifts with real-world market activity. Market Mode: Lets you select whether the displayed sessions relate to the forex or stock market. 🔵 Conclusion The Correlation Heatmap is a robust and flexible tool for analyzing the relationship between assets across different markets. By tracking how correlations change in real time, traders can better identify alignment or divergence between symbols and gain valuable insights into market structure. Support for multiple asset classes, session overlays, and intuitive visual cues make this one of the most effective tools for intermarket analysis. Whether you’re looking to manage portfolio risk, validate entry points, or simply understand capital flow across markets, this heatmap provides a clear and actionable perspective that you can rely on.
Pine Script® indicator
by TFlab
2
TSD Quantum [Moeinudin Montazerfaraj] 🔸 "TSD" stands for **Trend 1-2-3 and Supply & Demand**, which is the foundation of the trading style this indicator is built upon. 🔹 TSD Quantum is a specialized indicator designed exclusively for day traders who trade EURUSD, XAUUSD (Gold), and DAX40 on the 1H, 15M, and 5M timeframes using a Supply & Demand-based strategy. This indicator is **not suitable for other symbols** and has been tailored specifically for these three assets to ensure high precision and effectiveness. --- ### 🔍 Key Features: ✅ **Trading Checklist Panel** A built-in checklist helps you track every rule in your trading plan. If even one condition is left unchecked, the system highlights it in red and marks the trade as "Not Allowed." This feature enhances trading discipline. ✅ **Spread & ATR Control Panel** Supports both auto-calculated and fixed values for spread and ATR. This is especially helpful when placing stop-losses quickly and accurately. ✅ **Inside & Outside Candle Detection** A dedicated panel highlights whether the last candle is inside or outside. Hovering your mouse over the chart elements automatically colorizes the candles: 🔵 Blue = Outside candle 🔴 Red = Inside candle Also displays the high/low of the latest outside bar. ✅ **Weekly Trade Stats Panel** Custom-built for the mentioned three assets. You can enter your trades using either fixed risk or floating risk models. ✅ **Performance Metrics** Helps you build and adjust a floating risk model—so you don’t have to enter every trade with the same lot size. Improves risk management across multiple trades. ✅ **Base Candles Display** Grey and white base candles are marked based on supply and demand zones. ✅ **EOT Candles** Candles with a green dot underneath indicate valid EOT opportunities for potential move-outs. ✅ **RC (Rejection Candle) Detection** RC candles are automatically detected to alert you of potential traps or weaknesses during Supply/Demand formations. --- ### ⚠️ Disclaimer This indicator does **not** issue buy/sell signals and **cannot guarantee profit or prevent loss**. It is a **tool for discretionary trading**, not an automated expert advisor. All decisions must be made by the trader based on their own strategy and risk tolerance. This is the **latest tested version** of TSD Quantum. All features have been validated and function as intended. Future updates will be provided if needed. --- 🙏 Thank you for reviewing this script. We hope it becomes a valuable addition to your day trading toolkit!
Pine Script® indicator
by mrmoeinudinQuantum
Consolidation Box1. Overview & Purpose The "Faithful Box" is a powerful TradingView indicator designed to automatically identify and visualize high-quality price consolidation zones, often known as 'trading ranges' or 'boxes'. This tool is a direct Pine Script translation of a specific, robust Python-based analysis strategy. Its primary goal is not just to find any sideways movement, but to qualify it based on a strict set of rules, ensuring that only meaningful and tradable consolidation patterns are highlighted on the chart. 2. Core Logic: How It Works The indicator's intelligence is based on several key rules translated from the original Python script: Box Definition (Based on Closing Prices): The most crucial rule is how the box is defined. Unlike many tools that use candle wicks (highs and lows), this indicator establishes the Ceiling (Resistance) and the Floor (Support) of the box using the highest Close price and the lowest Close price over the specified analysis period. This provides a more stable and representative view of the true consolidation zone, ignoring outlier price spikes. Quality Filters: A consolidation is only considered valid and drawn on the chart if it meets two strict criteria: Minimum Touches: The price must "test" the ceiling and floor a minimum number of times. A "touch" is counted with a tolerance — the High of a candle only needs to get close to the ceiling, and the Low close to the floor. This simulates how price interacts with support and resistance zones in the real world. Maximum Height: The consolidation range cannot be excessively wide or volatile. The box will only be drawn if its total height, as a percentage of its price, is below a user-defined limit. 3. Visual Features on the Chart When a valid consolidation pattern is detected, the indicator draws a semi-transparent box over the analysis period. The most powerful visual feature is its dynamic coloring, which functions as a built-in alert system: 🟥 Red Box: The box turns red when the price enters the upper "Action Zone" (e.g., the top 30% of the range). This visually signals that the price is near a key resistance level, alerting the trader to a potential reversal or breakout opportunity. 🟩 Green Box: The box turns green when the price enters the lower "Action Zone" (e.g., the bottom 30% of the range). This highlights that the price is testing a key support level. ⬜ Gray Box: The box remains a neutral gray when the price is trading in the middle of the range, which can often be considered a "no-trade" or "wait-and-see" zone. 4. Configuration (Indicator Inputs) You have full control over the indicator's sensitivity through its inputs: Analysis Period (days): Defines the lookback window (in trading days) to search for a consolidation pattern. Common values are 42 (approx. 2 months) or 63 (approx. 3 months). Maximum Box Height (%): Filters out consolidations that are too volatile or wide. A lower percentage will find tighter, more compressed consolidations. Minimum Ceiling/Floor Touches: Defines the "strength" of the support and resistance levels. Requiring more touches will result in fewer detected patterns, but likely of higher quality. Touch Tolerance (%): Defines how close the High/Low needs to get to the edge of the box to be counted as a touch. A value of 2% means a touch is registered if the price comes within 2% of the box's total height from the edge. Action Zone (%): Customizes the size of the red (resistance) and green (support) zones. A value of 30% means the top 30% of the box will be the red zone, and the bottom 30% will be the green zone.
Pine Script® indicator
by tulyodetarso
Bollinger Bands (SMA) with Trend Filtered Buy/SellOverview This indicator is a trend-following Bollinger Bands tool based on SMA, enhanced with a 200 SMA filter to display BUY/SELL signals only in the direction of the prevailing trend. Instead of showing every possible reversal, it focuses on high-probability entries aligned with the trend. Key Features Feature Description Bollinger Bands (SMA) Plots upper, lower, and middle bands using Simple Moving Average (SMA) and standard deviation. 200 SMA Trend Filter Determines the overall market trend (bullish or bearish). BUY/SELL Signals Generates signals when price reacts from Bollinger Bands. Trend Filtering Only BUY signals above the 200 SMA, only SELL signals below the 200 SMA. Alert Function TradingView alerts can be triggered when a signal occurs. Toggle ON/OFF Option to enable or disable signal display. Signal Logic BUY Signal Price is above the 200 SMA (uptrend) Previous candle closed below the lower Bollinger Band Current candle closes back inside the band → Confirmed rebound → BUY signal SELL Signal Price is below the 200 SMA (downtrend) Previous candle closed above the upper Bollinger Band Current candle closes back inside the band → Confirmed pullback → SELL signal How to Use Trend-Following Entries: Enter trades only in the trend direction, improving accuracy and reducing countertrend trades. Filter Out False Signals: The 200 SMA filter removes noise from opposite-trend signals. Alerts: Receive notifications when a valid BUY/SELL setup appears without watching the chart constantly. This indicator is ideal for traders who want to focus on high-probability trend-following setups, especially in markets like Forex or Gold, where strong one-way moves often occur. このインジケーターは、SMAベースのボリンジャーバンドにトレンドフィルター（200SMA）を追加し、トレンドフォロー型のBUY/SELLシグナルを表示するツールです。 短期の逆張りではなく、大きなトレンド方向に沿ったシグナルだけを出すように設計されています。 主な機能 機能 説明 ボリンジャーバンド (SMA) 期間を指定した単純移動平均（SMA）を基準に、標準偏差で上下のバンドを表示 200SMA（トレンド判定） 現在の相場が上昇トレンドか下降トレンドかを判断 BUY/SELLシグナル ボリンジャーバンドの反発を検出してシグナル表示 トレンドフィルター 200SMAより上ならBUYのみ、200SMAより下ならSELLのみ表示 アラート機能 BUY/SELLシグナル発生時にTradingViewのアラートで通知可能 ON/OFF切替 BUY/SELLシグナルの表示はスイッチでON/OFF可能 シグナルロジック BUYシグナル 200SMAより上にいる 前の足で価格がボリンジャーバンド下限を下抜け 現在の足でバンド内に戻る → 反発確認 → BUYシグナル表示 SELLシグナル 200SMAより下にいる 前の足で価格がボリンジャーバンド上限を上抜け 現在の足でバンド内に戻る → 反落確認 → SELLシグナル表示 トレードでの使い方 トレンドフォロー型エントリー → 200SMAを基準に、相場の方向に沿ったエントリーだけを狙う 逆張りのフィルタリング → トレンドに逆らう無駄なシグナルを表示しない アラート通知 → チャートを見ていなくても、シグナル発生時に通知可能 このインジケーターは「トレンドフォローの精度を高めたいトレーダー」向けです。 特にゴールドやFXで、一方向の強いトレンドが出やすい相場で有効です。
Pine Script® indicator
by hrak22
Desempenho 4ªs (MA)This Pine Script v5 indicator calculates the performance from Wednesday to Wednesday at 10:30 AM for the charted instrument. Every Wednesday at that time, it records the closing price and computes the percentage change, assigning a signal: +1 for increases above 1 %, -1 for declines below -1 %, and 0 for intermediate movements. It plots a five-period simple moving average on the main chart, color-coded green, red, or gray based on the weekly signal. Vertical dotted lines mark each weekly separation, and two blue horizontal lines denote the ±1 % thresholds for the current week. A label displays the performance percentage and signal.
Pine Script® indicator
by hungryApple97568
EMA Buy Sell All-in-One✨ Description (แนะนำให้ใช้ตอนกด Publish): This all-in-one indicator combines several powerful trading tools into one script: • EMA Cross Entry System: Customizable fast/slow EMA cross for buy/sell signals • Dynamic SL/TP System: Choose between swing-based or custom SL/TP; auto-calculated RR support • HH, HL, LH, LL Labels: Market structure points marked directly on chart (toggle ON/OFF) • Multi-Timeframe Trend Table: Visual overview of EMA trends across D1 → M1 timeframes • H1 Trend Change Icons: Alerts when the hourly trend flips direction ➤ Clean and responsive display ➤ Fully customizable via input panel ➤ Great for intraday or swing traders following trend + structure alignment Feel free to fork or modify. Made for those who want clarity and confluence in one view.
Pine Script® indicator
by Phim2323
Swing Breakout Strategy PRO“Swing Strategy Pro” A powerful trading tool designed for price action & swing traders. This indicator automatically detects swing highs and lows and generates precise Buy & Sell signals based on breakout confirmations. ✅ How It Works: • Buy signal: When swing high breaks with confirmation candle • Sell signal: When swing low breaks with confirmation candle • Target = Distance between recent swing high & low • Stop Loss = Opposite swing level 📌 Perfect for Breakout Trading, Swing Entries, and Trend Continuation strategies. 🎯 Fully automated with visual alerts & clean chart design.
Pine Script® strategy
by VISHALSWINGTRADE
Ayman – Full Smart Suite Auto/Manual Presets + PanelIndicator Name Ayman – Full Smart Suite (OB/BoS/Liq/FVG/Pin/ADX/HTF) + Auto/Manual Presets + Panel This is a multi-condition trading tool for TradingView that combines advanced Smart Money Concepts (SMC) with classic technical filters. It generates BUY/SELL signals, draws Stop Loss (SL) and Take Profit (TP1, TP2) levels, and displays a control panel with all active settings and conditions. 1. Main Features Smart Money Concepts Filters: Order Block (OB) Zones Break of Structure (BoS) Liquidity Sweeps Fair Value Gaps (FVG) Pin Bar patterns ADX filter Higher Timeframe EMA filter (HTF EMA) Two Operating Modes: Auto Presets: Automatically adjusts all settings (buffers, ATR multipliers, RR, etc.) based on your chart timeframe (M1/M5/M15). Manual Mode: Fully customize all parameters yourself. Trade Management Levels: Stop Loss (SL) TP1 – partial profit TP2 – full profit Visual Panel showing: Current settings Filter status Trend direction Last swing levels SL/TP status Alerts for BUY/SELL conditions 2. Entry Conditions A BUY signal is generated when all these are true: Trend: Price above EMA (bullish) HTF EMA: Higher timeframe trend also bullish ADX: Trend strength above threshold OB: Price in a valid bullish Order Block zone BoS: Structure break to the upside Liquidity Sweep: Sweep of recent lows in bullish context FVG: A bullish Fair Value Gap is present Pin Bar: Bullish Pin Bar pattern detected (if enabled) A SELL signal is generated when the opposite conditions are met. 3. Stop Loss & Take Profits SL: Placed just beyond the last swing low (BUY) or swing high (SELL), with a small ATR buffer. TP1: Partial profit target, defined as a ratio of the SL distance. TP2: Full profit target, based on Reward:Risk ratio. 4. How to Use Step 1 – Apply Indicator Open TradingView Go to your chart (recommended: XAUUSD, M1/M5 for scalping) Add the indicator script Step 2 – Choose Mode AUTO Mode: Leave “Use Auto Presets” ON – parameters adapt to your timeframe. MANUAL Mode: Turn Auto OFF and adjust all lengths, buffers, RR, and filters. Step 3 – Filters In the Filters On/Off section, enable/disable specific conditions (OB, BoS, Liq, FVG, Pin Bar, ADX, HTF EMA). Step 4 – Trading the Signals Wait for a BUY or SELL arrow to appear. SL and TP levels will be plotted automatically. TP1 can be used for partial close and TP2 for full exit. Step 5 – Alerts Set alerts via BUY Signal or SELL Signal to receive notifications. 5. Best Practices Scalping: Use M1 or M5 with AUTO mode for gold or forex pairs. Swing Trading: Use M15+ and adjust buffers/ATR manually. Combine with price action confirmation before entering trades. For higher accuracy, wait for multiple filter confirmations rather than acting on the first arrow. 6. Summary Table Feature Purpose Can Disable? Order Block Finds key supply/demand zones ✅ Break of Structure Detects trend continuation ✅ Liquidity Sweep Finds stop-hunt moves ✅ Fair Value Gap Confirms imbalance entries ✅ Pin Bar Price action reversal filter ✅ ADX Trend strength filter ✅ HTF EMA Higher timeframe confirmation ✅
Pine Script® indicator
by aymanshraideh
Ayman Entry Signal – Ultimate PRO (Scalping Gold Settings)1. Overview This indicator is a professional gold scalping tool built for TradingView using Pine Script v6. It combines multiple price action and technical filters to generate high-probability Buy/Sell signals with built-in trade management features (TP1, TP2, SL, Break Even, Partial Close, Stats tracking). It is optimized for XAUUSD but can be applied to other assets with proper setting adjustments. 2. Key Features Multi-Condition Trade Signals – EMA trend, Break of Structure, Order Blocks, FVG, Liquidity Sweeps, Pin Bars, Higher Timeframe confirmation, Trend Cloud, SMA Cross, and ADX. Full Trade Management – Auto-calculates lot size, SL, TP1, TP2, Break Even, Partial Close. Dynamic Chart Drawing – Entry lines, SL/TP lines, trade boxes, and real-time PnL. Statistics Panel – Tracks wins, losses, breakeven trades, and total PnL over selected dates. Customizable Filters – All filters can be turned ON/OFF to match your strategy. 3. Main Inputs & Settings Account Settings Capital ($) – Total trading capital. Risk Percentage (%) – Risk per trade. TP to SL Ratio – Risk-to-reward ratio. Value Per Point ($) – Value per pip/point for lot size calculation. SL Buffer – Extra points added to SL to avoid stop hunts. Take Profit Settings TP1 % of Full Target – Fraction of TP1 compared to TP2. Move SL to Entry after TP1? – Activates Break Even after TP1. Break Even Buffer – Extra points when moving SL to BE. Take Partial Close at TP1 – Option to close half at TP1. Signal Filters ATR Period – For SL/TP calculation buffer. EMA Trend – Uses EMA 9/21 crossover for trend. Break of Structure (BoS) – Requires structure break confirmation. Order Block (OB) – Validates trades within OB zones. Fair Value Gap (FVG) – Confirms trades inside FVGs. Liquidity Sweep – Checks if liquidity zones are swept. Pin Bar Confirmation – Uses candlestick patterns for extra confirmation. Pin Bar Body Ratio – Controls strictness of Pin Bar filter. Higher Timeframe Filters (HTF) HTF EMA Confirmation – Confirms lower timeframe trades with higher timeframe trend. HTF BoS – Confirms with higher timeframe structure break. HTF Timeframe – Selects higher timeframe. Advanced Filters SuperTrend Filter – Confirms trades based on SuperTrend. ADX Filter – Filters out low volatility periods. SMA Cross Filter – Uses SMA 8/9 cross as filter. Trend Cloud Filter – Uses EMA 50/200 as a cloud trend filter. 4. How It Works Buy Signal Conditions EMA 9 > EMA 21 (trend bullish) Optional filters (BoS, OB, FVG, Liquidity Sweep, Pin Bar, HTF confirmations, ADX, SMA Cross, Trend Cloud) must pass if enabled. When all active filters pass → Buy signal triggers. Sell Signal Conditions EMA 9 < EMA 21 (trend bearish) Same filtering process but for bearish conditions. When all active filters pass → Sell signal triggers. 5. Trade Execution & Management When a signal triggers: Lot size is auto-calculated based on risk % and SL distance. SL is placed beyond recent swing high/low + ATR buffer. TP1 and TP2 are calculated from the SL using the reward-to-risk ratio. Break Even: If enabled, SL moves to entry price after TP1 is hit. Partial Close: If enabled, half of the position closes at TP1. Trade Exit: Full exit at TP2, SL hit, or partial close at TP1. 6. Chart Display Entry Line – Shows entry price. SL Line – Red dashed line at stop loss level. TP1 Line – Lime dashed line for TP1. TP2 Line – Green dashed line for TP2. PnL Labels – Displays real-time profit/loss in $. Trade Box – Visual area showing trade range. Pin Bar Shapes – Optional, marks Pin Bars. 7. Statistics Panel Stats Header – Shows “Stats”. Total Trades Wins Losses Breakeven Trades Total PnL Can be reset or filtered by date. 8. How to Use Load the Indicator in TradingView. Select Gold (XAUUSD) on your preferred scalping timeframe (1m, 5m, 15m). Adjust settings: Use default gold scalping settings for quick start. Enable/disable filters according to your style. Wait for a Buy/Sell alert. Confirm visually that all desired conditions align. Place trade with calculated lot size, SL, and TP levels shown on chart. Let trade run – the indicator manages Break Even & Partial Close if enabled. 9. Recommended Timeframes Scalping: 1m, 5m, 15m Day Trading: 15m, 30m, 1H Swing: 4H, Daily (adjust settings accordingly)
Pine Script® indicator
by aymanshraideh
Smooth Cloud + RSI Liquidity Spectrum + Zig Zag Volume ProfileSmooth Cloud + RSI Liquidity Spectrum + Zig Zag++ Volume Profile" Indicator | Advanced Trend & Liquidity Analysis. --- 📌 Key Features & Enhancements (Zig Zag++) This advanced indicator combines **trend-following moving averages, RSI momentum with liquidity factors, and an improved Zig Zag++ algorithm with volume profiling** for precise swing detection. 🔹 Zig Zag++ Upgrades: ✅ **Dynamic Reversal Detection** – Adapts to volatility using percentage-based pivots. ✅ **Volume-Weighted Swing Points** – Highlights high-liquidity turning points. ✅ **Multi-Timeframe Confirmation** – Uses historical pivots for stronger signals. ✅ **Volume Profile Clustering** – Reveals key support/resistance zones based on traded volume. --- 📊 Indicator Components Breakdown 1️⃣ Smooth Cloud (Trend Filter) - **Fast MA (20-period) & Slow MA (50-period)** – Configurable as EMA, SMA, or WMA. - **Cloud Coloring** – Green when fast MA > slow MA (bullish), red otherwise (bearish). - **Purpose**: Acts as a trend filter—only take trades in the direction of the cloud. 2️⃣ RSI Liquidity Spectrum (Momentum + Volume) - **RSI (14-period default)** – Standard momentum oscillator. - **Liquidity-Adjusted Momentum** = `(RSI + ROC(RSI,3)) * (Volume / SMA(Volume, RSI Length))` - **Purpose**: Identifies overbought/oversold conditions with volume confirmation (high volume = stronger signal). 3️⃣ Zig Zag++ (Swing Detection & Volume Profiling) 📈 Zig Zag Logic:** - **Percentage-Based Reversals** (default: 5%) – Only plots swings exceeding this threshold. - **Pivot Tracking** – Stores price & bar index of each swing point in arrays. - **Dynamic Line Drawing** – Connects swing points with yellow trendlines. 📊 Volume Profile at Swings: - **Lookback Period** (200 bars default) – Analyzes volume distribution between Zig Zag turns. - **10-Price Bin Clustering** – Splits the price range into 10 levels and calculates traded volume at each. - **Transparency Scaling** – Higher volume zones appear darker (stronger support/resistance). --- 🎯 Step-by-Step Trading Strategies 📈 Strategy 1: Trend-Following with RSI Liquidity Confirmation** 1. **Enter Long** when: - Smooth Cloud is **green** (fast MA > slow MA). - RSI Liquidity Momentum crosses above **30** (bullish momentum + volume). - Price pulls back to the **Volume Profile high-volume zone** (demand area). 2. **Enter Short** when: - Smooth Cloud is **red** (fast MA < slow MA). - RSI Liquidity Momentum crosses below **70** (bearish momentum + volume). - Price rallies into the **Volume Profile high-volume zone** (supply area). 3. **Exit** when: - Zig Zag++ detects a new reversal (5% move against position). - RSI Liquidity Momentum crosses back mid-level (50). --- 📉 Strategy 2: Swing Trading with Zig Zag++ Pivots** 1. **Buy at Swing Lows** when: - Zig Zag++ prints a **higher low** (bullish structure). - Volume Profile shows **strong absorption** (high volume at the low). - RSI Liquidity Momentum is rising from oversold (<30). 2. **Sell at Swing Highs** when: - Zig Zag++ prints a **lower high** (bearish structure). - Volume Profile shows **distribution** (high volume at the top). - RSI Liquidity Momentum is falling from overbought (>70). 3. **Stop Loss**: - Below the recent Zig Zag low (for longs). - Above the recent Zig Zag high (for shorts). --- 📌 Additional Enhancements (Pro Tips)** - **Combine with Higher Timeframe (HTF) Cloud** – Use a 4H/1D cloud to filter trades. - **Divergence Detection** – Hidden bullish/bearish divergences between Zig Zag & RSI Liquidity. - **Volume Spike Confirmation** – Only trade if volume exceeds SMA(volume, 20) at reversal points. --- 🚀 Conclusion This **all-in-one indicator** provides: ✔ **Trend direction** (Smooth Cloud) ✔ **Momentum + Liquidity strength** (RSI Spectrum) ✔ **Precise swing points** (Zig Zag++) ✔ **Volume-based S/R zones** (Profile Clustering) Best used on **15M-4H timeframes** for swing/day trading. Adjust parameters based on asset volatility.
Pine Script® indicator
by Markking77
3
SMC Structures and FVGสวัสดีครับ! ผมจะอธิบายอินดิเคเตอร์ "SMC Structures and FVG + MACD" ที่คุณให้มาอย่างละเอียดในแต่ละส่วน เพื่อให้คุณเข้าใจการทำงานของมันอย่างถ่องแท้ครับ อินดิเคเตอร์นี้เป็นการผสมผสานแนวคิดของ Smart Money Concept (SMC) ซึ่งเน้นการวิเคราะห์โครงสร้างตลาด (Market Structure) และ Fair Value Gap (FVG) เข้ากับอินดิเคเตอร์ MACD เพื่อใช้เป็นตัวกรองหรือตัวยืนยันสัญญาณ Choch/BoS (Change of Character / Break of Structure) 1. ภาพรวมอินดิเคเตอร์ (Overall Purpose) อินดิเคเตอร์นี้มีจุดประสงค์หลักคือ: ระบุโครงสร้างตลาด: ตีเส้นและป้ายกำกับ Choch (Change of Character) และ BoS (Break of Structure) บนกราฟโดยอัตโนมัติ ผสานการยืนยันด้วย MACD: สัญญาณ Choch/BoS จะถูกพิจารณาก็ต่อเมื่อ MACD Histogram เกิดการตัดขึ้นหรือลง (Zero Cross) ในทิศทางที่สอดคล้องกัน แสดง Fair Value Gap (FVG): หากเปิดใช้งาน จะมีการตีกล่อง FVG บนกราฟ แสดงระดับ Fibonacci: คำนวณและแสดงระดับ Fibonacci ที่สำคัญตามโครงสร้างตลาดปัจจุบัน ปรับตาม Timeframe: การคำนวณและการแสดงผลทั้งหมดจะปรับตาม Timeframe ที่คุณกำลังใช้งานอยู่โดยอัตโนมัติ 2. ส่วนประกอบหลักของโค้ด (Code Breakdown) โค้ดนี้สามารถแบ่งออกเป็นส่วนหลัก ๆ ได้ดังนี้: 2.1 Inputs (การตั้งค่า) ส่วนนี้คือตัวแปรที่คุณสามารถปรับแต่งได้ในหน้าต่างการตั้งค่าของอินดิเคเตอร์ (คลิกที่รูปฟันเฟืองข้างชื่ออินดิเคเตอร์บนกราฟ) MACD Settings (ตั้งค่า MACD): fast_len: ความยาวของ Fast EMA สำหรับ MACD (ค่าเริ่มต้น 12) slow_len: ความยาวของ Slow EMA สำหรับ MACD (ค่าเริ่มต้น 26) signal_len: ความยาวของ Signal Line สำหรับ MACD (ค่าเริ่มต้น 9) = ta.macd(close, fast_len, slow_len, signal_len): คำนวณค่า MACD Line, Signal Line และ Histogram โดยใช้ราคาปิด (close) และค่าความยาวที่กำหนด is_bullish_macd_cross: ตรวจสอบว่า MACD Histogram ตัดขึ้นเหนือเส้น 0 (จากค่าลบเป็นบวก) is_bearish_macd_cross: ตรวจสอบว่า MACD Histogram ตัดลงใต้เส้น 0 (จากค่าบวกเป็นลบ) Fear Value Gap (FVG) Settings: isFvgToShow: (Boolean) เปิด/ปิดการแสดง FVG บนกราฟ bullishFvgColor: สีสำหรับ Bullish FVG bearishFvgColor: สีสำหรับ Bearish FVG mitigatedFvgColor: สีสำหรับ FVG ที่ถูก Mitigate (ลดทอน) แล้ว fvgHistoryNbr: จำนวน FVG ย้อนหลังที่จะแสดง isMitigatedFvgToReduce: (Boolean) เปิด/ปิดการลดขนาด FVG เมื่อถูก Mitigate Structures (โครงสร้างตลาด) Settings: isStructBodyCandleBreak: (Boolean) หากเป็น true การ Break จะต้องเกิดขึ้นด้วย เนื้อเทียน ที่ปิดเหนือ/ใต้ Swing High/Low หากเป็น false แค่ไส้เทียนทะลุก็ถือว่า Break isCurrentStructToShow: (Boolean) เปิด/ปิดการแสดงเส้นโครงสร้างตลาดปัจจุบัน (เส้นสีน้ำเงินในภาพตัวอย่าง) pivot_len: ความยาวของแท่งเทียนที่ใช้ในการมองหาจุด Pivot (Swing High/Low) ยิ่งค่าน้อยยิ่งจับ Swing เล็กๆ ได้, ยิ่งค่ามากยิ่งจับ Swing ใหญ่ๆ ได้ bullishBosColor, bearishBosColor: สีสำหรับเส้นและป้าย BOS ขาขึ้น/ขาลง bosLineStyleOption, bosLineWidth: สไตล์ (Solid, Dotted, Dashed) และความหนาของเส้น BOS bullishChochColor, bearishChochColor: สีสำหรับเส้นและป้าย CHoCH ขาขึ้น/ขาลง chochLineStyleOption, chochLineWidth: สไตล์ (Solid, Dotted, Dashed) และความหนาของเส้น CHoCH currentStructColor, currentStructLineStyleOption, currentStructLineWidth: สี, สไตล์ และความหนาของเส้นโครงสร้างตลาดปัจจุบัน structHistoryNbr: จำนวนการ Break (Choch/BoS) ย้อนหลังที่จะแสดง Structure Fibonacci (จากโค้ดต้นฉบับ): เป็นชุด Input สำหรับเปิด/ปิด, กำหนดค่า, สี, สไตล์ และความหนาของเส้น Fibonacci Levels ต่างๆ (0.786, 0.705, 0.618, 0.5, 0.382) ที่จะถูกคำนวณจากโครงสร้างตลาดปัจจุบัน 2.2 Helper Functions (ฟังก์ชันช่วยทำงาน) getLineStyle(lineOption): ฟังก์ชันนี้ใช้แปลงค่า String ที่เลือกจาก Input (เช่น "─", "┈", "╌") ให้เป็นรูปแบบ line.style_ ที่ Pine Script เข้าใจ get_structure_highest_bar(lookback): ฟังก์ชันนี้พยายามหา Bar Index ของแท่งเทียนที่ทำ Swing High ภายในช่วง lookback ที่กำหนด get_structure_lowest_bar(lookback): ฟังก์ชันนี้พยายามหา Bar Index ของแท่งเทียนที่ทำ Swing Low ภายในช่วง lookback ที่กำหนด is_structure_high_broken(...): ฟังก์ชันนี้ตรวจสอบว่าราคาปัจจุบันได้ Break เหนือ _structureHigh (Swing High) หรือไม่ โดยพิจารณาจาก _highStructBreakPrice (ราคาปิดหรือราคา High ขึ้นอยู่กับการตั้งค่า isStructBodyCandleBreak) FVGDraw(...): ฟังก์ชันนี้รับ Arrays ของ FVG Boxes, Types, Mitigation Status และ Labels มาประมวลผล เพื่ออัปเดตสถานะของ FVG (เช่น ถูก Mitigate หรือไม่) และปรับขนาด/ตำแหน่งของ FVG Box และ Label บนกราฟ 2.3 Global Variables (ตัวแปรทั่วทั้งอินดิเคเตอร์) เป็นตัวแปรที่ประกาศด้วย var ซึ่งหมายความว่าค่าของมันจะถูกเก็บไว้และอัปเดตในแต่ละแท่งเทียน (persists across bars) structureLines, structureLabels: Arrays สำหรับเก็บอ็อบเจกต์ line และ label ของเส้น Choch/BoS ที่วาดบนกราฟ fvgBoxes, fvgTypes, fvgLabels, isFvgMitigated: Arrays สำหรับเก็บข้อมูลของ FVG Boxes และสถานะต่างๆ structureHigh, structureLow: เก็บราคาของ Swing High/Low ที่สำคัญของโครงสร้างตลาดปัจจุบัน structureHighStartIndex, structureLowStartIndex: เก็บ Bar Index ของจุดเริ่มต้นของ Swing High/Low ที่สำคัญ structureDirection: เก็บสถานะของทิศทางโครงสร้างตลาด (1 = Bullish, 2 = Bearish, 0 = Undefined) fiboXPrice, fiboXStartIndex, fiboXLine, fiboXLabel: ตัวแปรสำหรับเก็บข้อมูลและอ็อบเจกต์ของเส้น Fibonacci Levels isBOSAlert, isCHOCHAlert: (Boolean) ใช้สำหรับส่งสัญญาณ Alert (หากมีการตั้งค่า Alert ไว้) 2.4 FVG Processing (การประมวลผล FVG) ส่วนนี้จะตรวจสอบเงื่อนไขการเกิด FVG (Bullish FVG: high < low , Bearish FVG: low > high ) หากเกิด FVG และ isFvgToShow เป็น true จะมีการสร้าง box และ label ใหม่เพื่อแสดง FVG บนกราฟ มีการจัดการ fvgBoxes และ fvgLabels เพื่อจำกัดจำนวน FVG ที่แสดงตาม fvgHistoryNbr และลบ FVG เก่าออก ฟังก์ชัน FVGDraw จะถูกเรียกเพื่ออัปเดตสถานะของ FVG (เช่น การถูก Mitigate) และปรับการแสดงผล 2.5 Structures Processing (การประมวลผลโครงสร้างตลาด) Initialization: ที่ bar_index == 0 (แท่งเทียนแรกของกราฟ) จะมีการกำหนดค่าเริ่มต้นให้กับ structureHigh, structureLow, structureHighStartIndex, structureLowStartIndex Finding Current High/Low: highest, highestBar, lowest, lowestBar ถูกใช้เพื่อหา High/Low ที่สุดและ Bar Index ของมันใน 10 แท่งล่าสุด (หรือทั้งหมดหากกราฟสั้นกว่า 10 แท่ง) Calculating Structure Max/Min Bar: structureMaxBar และ structureMinBar ใช้ฟังก์ชัน get_structure_highest_bar และ get_structure_lowest_bar เพื่อหา Bar Index ของ Swing High/Low ที่แท้จริง (ไม่ใช่แค่ High/Low ที่สุดใน lookback แต่เป็นจุด Pivot ที่สมบูรณ์) Break Price: lowStructBreakPrice และ highStructBreakPrice จะเป็นราคาปิด (close) หรือราคา Low/High ขึ้นอยู่กับ isStructBodyCandleBreak isStuctureLowBroken / isStructureHighBroken: เงื่อนไขเหล่านี้ตรวจสอบว่าราคาได้ทำลาย structureLow หรือ structureHigh หรือไม่ โดยพิจารณาจากราคา Break, ราคาแท่งก่อนหน้า และ Bar Index ของจุดเริ่มต้นโครงสร้าง Choch/BoS Logic (ส่วนสำคัญที่ถูกผสานกับ MACD): if(isStuctureLowBroken and is_bearish_macd_cross): นี่คือจุดที่ MACD เข้ามามีบทบาท หากราคาทำลาย structureLow (สัญญาณขาลง) และ MACD Histogram เกิด Bearish Zero Cross (is_bearish_macd_cross เป็น true) อินดิเคเตอร์จะพิจารณาว่าเป็น Choch หรือ BoS หาก structureDirection == 1 (เดิมเป็นขาขึ้น) หรือ 0 (ยังไม่กำหนด) จะตีเป็น "CHoCH" (เปลี่ยนทิศทางโครงสร้างเป็นขาลง) หาก structureDirection == 2 (เดิมเป็นขาลง) จะตีเป็น "BOS" (ยืนยันโครงสร้างขาลง) มีการสร้าง line.new และ label.new เพื่อวาดเส้นและป้ายกำกับ structureDirection จะถูกอัปเดตเป็น 1 (Bullish) structureHighStartIndex, structureLowStartIndex, structureHigh, structureLow จะถูกอัปเดตเพื่อกำหนดโครงสร้างใหม่ else if(isStructureHighBroken and is_bullish_macd_cross): เช่นกันสำหรับขาขึ้น หากราคาทำลาย structureHigh (สัญญาณขาขึ้น) และ MACD Histogram เกิด Bullish Zero Cross (is_bullish_macd_cross เป็น true) อินดิเคเตอร์จะพิจารณาว่าเป็น Choch หรือ BoS หาก structureDirection == 2 (เดิมเป็นขาลง) หรือ 0 (ยังไม่กำหนด) จะตีเป็น "CHoCH" (เปลี่ยนทิศทางโครงสร้างเป็นขาขึ้น) หาก structureDirection == 1 (เดิมเป็นขาขึ้น) จะตีเป็น "BOS" (ยืนยันโครงสร้างขาขึ้น) มีการสร้าง line.new และ label.new เพื่อวาดเส้นและป้ายกำกับ structureDirection จะถูกอัปเดตเป็น 2 (Bearish) structureHighStartIndex, structureLowStartIndex, structureHigh, structureLow จะถูกอัปเดตเพื่อกำหนดโครงสร้างใหม่ การลบเส้นเก่า: d.delete_line (หากไลบรารีทำงาน) จะถูกเรียกเพื่อลบเส้นและป้ายกำกับเก่าออกเมื่อจำนวนเกิน structHistoryNbr Updating Structure High/Low (else block): หากไม่มีการ Break เกิดขึ้น แต่ราคาปัจจุบันสูงกว่า structureHigh หรือต่ำกว่า structureLow ในทิศทางที่สอดคล้องกัน (เช่น ยังคงเป็นขาขึ้นและทำ High ใหม่) structureHigh หรือ structureLow จะถูกอัปเดตเพื่อติดตาม High/Low ที่สุดของโครงสร้างปัจจุบัน Current Structure Display: หาก isCurrentStructToShow เป็น true อินดิเคเตอร์จะวาดเส้น structureHighLine และ structureLowLine เพื่อแสดงขอบเขตของโครงสร้างตลาดปัจจุบัน Fibonacci Display: หาก isFiboXToShow เป็น true อินดิเคเตอร์จะคำนวณและวาดเส้น Fibonacci Levels ต่างๆ (0.786, 0.705, 0.618, 0.5, 0.382) โดยอิงจาก structureHigh และ structureLow ของโครงสร้างตลาดปัจจุบัน Alerts: alertcondition: ใช้สำหรับตั้งค่า Alert ใน TradingView เมื่อเกิดสัญญาณ BOS หรือ CHOCH plot(na): plot(na) เป็นคำสั่งที่สำคัญในอินดิเคเตอร์ที่ไม่ได้ต้องการพล็อต Series ของข้อมูลบนกราฟ (เช่น ไม่ได้พล็อตเส้น EMA หรือ RSI) แต่ใช้วาดอ็อบเจกต์ (Line, Label, Box) โดยตรง การมี plot(na) ช่วยให้ Pine Script รู้ว่าอินดิเคเตอร์นี้มีเอาต์พุตที่แสดงผลบนกราฟ แม้ว่าจะไม่ได้เป็น Series ที่พล็อตตามปกติก็ตาม 3. วิธีใช้งาน คัดลอกโค้ดทั้งหมด ที่อยู่ในบล็อก immersive ด้านบน ไปที่ TradingView และเปิดกราฟที่คุณต้องการ คลิกที่เมนู "Pine Editor" ที่อยู่ด้านล่างของหน้าจอ ลบโค้ดเดิมที่มีอยู่ และ วางโค้ดที่คัดลอกมา ลงไปแทน คลิกที่ปุ่ม "Add to Chart" อินดิเคเตอร์จะถูกเพิ่มลงในกราฟของคุณโดยอัตโนมัติ คุณสามารถคลิกที่รูปฟันเฟืองข้างชื่ออินดิเคเตอร์บนกราฟเพื่อเข้าถึงหน้าต่างการตั้งค่าและปรับแต่งตามความต้องการของคุณได้ Hello! I will explain the "SMC Structures and FVG + MACD" indicator you provided in detail, section by section, so you can fully understand how it works.This indicator combines the concepts of Smart Money Concept (SMC), which focuses on analyzing Market Structure and Fair Value Gaps (FVG), with the MACD indicator to serve as a filter or confirmation for Choch (Change of Character) and BoS (Break of Structure) signals.1. Overall PurposeThe main purposes of this indicator are:Identify Market Structure: Automatically draw lines and label Choch (Change of Character) and BoS (Break of Structure) on the chart.Integrate MACD Confirmation: Choch/BoS signals will only be considered when the MACD Histogram performs a cross (Zero Cross) in the corresponding direction.Display Fair Value Gap (FVG): If enabled, FVG boxes will be drawn on the chart.Display Fibonacci Levels: Calculate and display important Fibonacci levels based on the current market structure.Adapt to Timeframe: All calculations and displays will automatically adjust to the timeframe you are currently using.2. Code BreakdownThis code can be divided into the following main sections:2.1 Inputs (Settings)This section contains variables that you can adjust in the indicator's settings window (click the gear icon next to the indicator's name on the chart).MACD Settings:fast_len: Length of the Fast EMA for MACD (default 12)slow_len: Length of the Slow EMA for MACD (default 26)signal_len: Length of the Signal Line for MACD (default 9) = ta.macd(close, fast_len, slow_len, signal_len): Calculates the MACD Line, Signal Line, and Histogram using the closing price (close) and the specified lengths.is_bullish_macd_cross: Checks if the MACD Histogram crosses above the 0 line (from negative to positive).is_bearish_macd_cross: Checks if the MACD Histogram crosses below the 0 line (from positive to negative).Fear Value Gap (FVG) Settings:isFvgToShow: (Boolean) Enables/disables the display of FVG on the chart.bullishFvgColor: Color for Bullish FVG.bearishFvgColor: Color for Bearish FVG.mitigatedFvgColor: Color for FVG that has been mitigated.fvgHistoryNbr: Number of historical FVG to display.isMitigatedFvgToReduce: (Boolean) Enables/disables reducing the size of FVG when mitigated.Structures (โครงสร้างตลาด) Settings:isStructBodyCandleBreak: (Boolean) If true, the break must occur with the candle body closing above/below the Swing High/Low. If false, a wick break is sufficient.isCurrentStructToShow: (Boolean) Enables/disables the display of the current market structure lines (blue lines in the example image).pivot_len: Lookback length for identifying Pivot points (Swing High/Low). A smaller value captures smaller, more frequent swings; a larger value captures larger, more significant swings.bullishBosColor, bearishBosColor: Colors for bullish/bearish BOS lines and labels.bosLineStyleOption, bosLineWidth: Style (Solid, Dotted, Dashed) and width of BOS lines.bullishChochColor, bearishChochColor: Colors for bullish/bearish CHoCH lines and labels.chochLineStyleOption, chochLineWidth: Style (Solid, Dotted, Dashed) and width of CHoCH lines.currentStructColor, currentStructLineStyleOption, currentStructLineWidth: Color, style, and width of the current market structure lines.structHistoryNbr: Number of historical breaks (Choch/BoS) to display.Structure Fibonacci (from original code):A set of inputs to enable/disable, define values, colors, styles, and widths for various Fibonacci Levels (0.786, 0.705, 0.618, 0.5, 0.382) that will be calculated from the current market structure.2.2 Helper FunctionsgetLineStyle(lineOption): This function converts the selected string input (e.g., "─", "┈", "╌") into a line.style_ format understood by Pine Script.get_structure_highest_bar(lookback): This function attempts to find the Bar Index of the Swing High within the specified lookback period.get_structure_lowest_bar(lookback): This function attempts to find the Bar Index of the Swing Low within the specified lookback period.is_structure_high_broken(...): This function checks if the current price has broken above _structureHigh (Swing High), considering _highStructBreakPrice (closing price or high price depending on isStructBodyCandleBreak setting).FVGDraw(...): This function takes arrays of FVG Boxes, Types, Mitigation Status, and Labels to process and update the status of FVG (e.g., whether it's mitigated) and adjust the size/position of FVG Boxes and Labels on the chart.2.3 Global VariablesThese are variables declared with var, meaning their values are stored and updated on each bar (persists across bars).structureLines, structureLabels: Arrays to store line and label objects for Choch/BoS lines drawn on the chart.fvgBoxes, fvgTypes, fvgLabels, isFvgMitigated: Arrays to store FVG box data and their respective statuses.structureHigh, structureLow: Stores the price of the significant Swing High/Low of the current market structure.structureHighStartIndex, structureLowStartIndex: Stores the Bar Index of the start point of the significant Swing High/Low.structureDirection: Stores the status of the market structure direction (1 = Bullish, 2 = Bearish, 0 = Undefined).fiboXPrice, fiboXStartIndex, fiboXLine, fiboXLabel: Variables to store data and objects for Fibonacci Levels.isBOSAlert, isCHOCHAlert: (Boolean) Used to trigger alerts in TradingView (if alerts are configured).2.4 FVG ProcessingThis section checks the conditions for FVG formation (Bullish FVG: high < low , Bearish FVG: low > high ).If FVG occurs and isFvgToShow is true, a new box and label are created to display the FVG on the chart.fvgBoxes and fvgLabels are managed to limit the number of FVG displayed according to fvgHistoryNbr and remove older FVG.The FVGDraw function is called to update the FVG status (e.g., whether it's mitigated) and adjust its display.2.5 Structures ProcessingInitialization: At bar_index == 0 (the first bar of the chart), structureHigh, structureLow, structureHighStartIndex, and structureLowStartIndex are initialized.Finding Current High/Low: highest, highestBar, lowest, lowestBar are used to find the highest/lowest price and its Bar Index of it in the last 10 bars (or all bars if the chart is shorter than 10 bars).Calculating Structure Max/Min Bar: structureMaxBar and structureMinBar use get_structure_highest_bar and get_structure_lowest_bar functions to find the Bar Index of the true Swing High/Low (not just the highest/lowest in the lookback but a complete Pivot point).Break Price: lowStructBreakPrice and highStructBreakPrice will be the closing price (close) or the Low/High price, depending on the isStructBodyCandleBreak setting.isStuctureLowBroken / isStructureHighBroken: These conditions check if the price has broken structureLow or structureHigh, considering the break price, previous bar prices, and the Bar Index of the structure's starting point.Choch/BoS Logic (Key Integration with MACD):if(isStuctureLowBroken and is_bearish_macd_cross): This is where MACD plays a role. If the price breaks structureLow (bearish signal) AND the MACD Histogram performs a Bearish Zero Cross (is_bearish_macd_cross is true), the indicator will consider it a Choch or BoS.If structureDirection == 1 (previously bullish) or 0 (undefined), it will be labeled "CHoCH" (changing structure direction to bearish).If structureDirection == 2 (already bearish), it will be labeled "BOS" (confirming bearish structure).line.new and label.new are used to draw the line and label.structureDirection will be updated to 1 (Bullish).structureHighStartIndex, structureLowStartIndex, structureHigh, structureLow will be updated to define the new structure.else if(isStructureHighBroken and is_bullish_macd_cross): Similarly for bullish breaks. If the price breaks structureHigh (bullish signal) AND the MACD Histogram performs a Bullish Zero Cross (is_bullish_macd_cross is true), the indicator will consider it a Choch or BoS.If structureDirection == 2 (previously bearish) or 0 (undefined), it will be labeled "CHoCH" (changing structure direction to bullish).If structureDirection == 1 (already bullish), it will be labeled "BOS" (confirming bullish structure).line.new and label.new are used to draw the line and label.structureDirection will be updated to 2 (Bearish).structureHighStartIndex, structureLowStartIndex, structureHigh, structureLow will be updated to define the new structure.Deleting Old Lines: d.delete_line (if the library works) will be called to delete old lines and labels when their number exceeds structHistoryNbr.Updating Structure High/Low (else block): If no break occurs, but the current price is higher than structureHigh or lower than structureLow in the corresponding direction (e.g., still bullish and making a new high), structureHigh or structureLow will be updated to track the highest/lowest point of the current structure.Current Structure Display:If isCurrentStructToShow is true, the indicator draws structureHighLine and structureLowLine to show the boundaries of the current market structure.Fibonacci Display:If isFiboXToShow is true, the indicator calculates and draws various Fibonacci Levels (0.786, 0.705, 0.618, 0.5, 0.382) based on the structureHigh and structureLow of the current market structure.Alerts:alertcondition: Used to set up alerts in TradingView when BOS or CHOCH signals occur.plot(na):plot(na) is an important statement in indicators that do not plot data series directly on the chart (e.g., not plotting EMA or RSI lines) but instead draw objects (Line, Label, Box).Having plot(na) helps Pine Script recognize that this indicator has an output displayed on the chart, even if it's not a regularly plotted series.3. How to UseCopy all the code in the immersive block above.Go to TradingView and open your desired chart.Click on the "Pine Editor" menu at the bottom of the screen.Delete any existing code and paste the copied code in its place.Click the "Add to Chart" button.The indicator will be added to your chart automatically. You can click the gear icon next to the indicator's name on the chart to access the settings window and customize it to your needs.I hope this explanation helps you understand this indicator in detail. If anything is unclear, or you need further adjustments, please let me know.
Pine Script® indicator
by Mr-7TRILL
cd_HTF_bias_CxOverview: No matter our trading style or model, to increase our success rate, we must move in the direction of the trend and align with the Higher Time Frame (HTF). Trading "gurus" call this the HTF bias. While we small fish tend to swim in all directions, the smart way is to flow with the big wave and the current. This indicator is designed to help us anticipate that major wave. ________________________________________ Details and Usage: This indicator observes HTF price action across preferably seven different pairs, following specific rules. It confirms potential directional moves using CISD levels on a Medium Time Frame (MTF). In short, it forecasts the likely direction (HTF bias). The user can then search for trade opportunities aligned with this bias on a Lower Time Frame (LTF), using their preferred pair, entry model, and style. ________________________________________ Timeframe Alignment: The commonly accepted LTF/MTF/HTF combinations include: • 1m – 15m – H4 • 3m – H1 – Daily / 3m – 30m – Daily • 5m – H1 – Daily • 15m – H4 – Weekly • H1 – Daily – Monthly • H4 – Weekly – Quarterly Example: If you're trading with a 3m model on a 30m/3m setup, you should seek trades in the direction of the H1/Daily bias. ________________________________________ How It Works: The indicator first looks for sweeps on the selected HTF — when any of the last four candles are swept, the first condition is met. The second step is confirmation with a CISD close on the MTF — once a candle closes above/below the CISD level, the second condition is fulfilled. This suggests the price has made its directional decision. Example: If a previous HTF candle is swept and we receive a bearish CISD confirmation on H1, the HTF bias becomes bearish. After this, you may switch to a more granular setup like HTF: 30m and MTF: 3m to look for trade entries aligned with the bias (e.g., 30m sweep + 3m CISD). ________________________________________ How Is Bias Determined? • HTF Sweep + MTF CISD = SC (Sweep & CISD) • Latest Bullish SC → Bias: Bullish • Latest Bearish SC → Bias: Bearish • Price closes above the last Bearish SC → Bias: Strong Bullish • Price closes below the last Bullish SC → Bias: Strong Bearish • Strong Bullish bias + Bearish CISD (without HTF sweep) → Bias: Bullish • Strong Bearish bias + Bullish CISD (without HTF sweep) → Bias: Bearish • Bearish price violates SC high, but Bullish SC is untouched → Bias: Bullish • Bullish price violates SC low, but Bearish SC is untouched → Bias: Bearish • If neither side generates SC → Bias: No Bias The logic is built on the idea that a price overcoming resistance is stronger, and encountering resistance is weaker. This model is based on the well-known “Daily Bias” structure, but with personal refinements. ________________________________________ What’s on the Screen? • Classic HTF zones (boxes) • Potential MTF CISD levels • Confirmed MTF lines • Sweep zones when HTF sweeps occur • Result table showing current bias status ________________________________________ Usage: • Select HTF and MTF timeframes aligned with your trading timeframe. • Adjust color and position settings as needed. • Enter up to seven pairs to track via the menu. • Use the checkbox next to each pair to enable/disable them. • If “Ignore these assets” is checked, all pairs will be disabled, and only the currently open chart pair will be tracked. ________________________________________ Alerts: You can choose alerts for Bullish, Bearish, Strong Bullish, or Strong Bearish conditions. There are two types of alert sources: 1. From the indicator’s internal list 2. From TradingView’s watchlist Visual example: ________________________________________ How I Use It: • For spot trades, I use HTF: Weekly and MTF: H4 and look for Bullish or Strong Bullish pairs. • For scalping, I follow bias from HTF: Daily and MTF: H1. Example: If the indicator shows a Bearish HTF Bias, I switch to HTF: 30m and MTF: 3m and enter trades once bearish conditions are met (timeframe alignment). ________________________________________ Important Notes: • The indicator defines CISD levels only at HTF high and low levels. • If your chart is on a higher timeframe than your selected HTF/MTF, no data will appear. Example: If HTF = H1 and MTF = 5m, opening a chart on H4 will result in a blank screen. • The drawn CISD level on screen is the MTF CISD level. • Not every alert should be traded. Always confirm with personal experience and visual validation. • Receiving multiple Strong Bullish/Bearish alerts is intentional. (Trick 😊) • Please share your feedback and suggestions! ________________________________________ And Most Importantly: Don't leave street animals without water and food! Happy trading!
Pine Script® indicator
by cdikici71
15