Volume Order Blocks [BigBeluga]Volume Order Blocks is a powerful indicator that identifies significant order blocks based on price structure, helping traders spot key supply and demand zones. The tool leverages EMA crossovers to determine the formation of bullish and bearish order blocks while visualizing their associated volume and relative strength.
🔵 Key Features:
Order Block Detection via EMA Crossovers:
Plots bullish order blocks at recent lows when the short EMA crosses above the long EMA.
Plots bearish order blocks at recent highs when the short EMA crosses below the long EMA.
Uses customizable sensitivity through the “Sensitivity Detection” setting to fine-tune block formation.
Volume Collection and Visualization:
Calculates the total volume between the EMA crossover bar and the corresponding high (bearish OB) or low (bullish OB).
Displays the absolute volume amount next to each order block for clear volume insights.
Percentage Volume Distribution:
Shows the percentage distribution of volume among bullish or bearish order blocks.
100% represents the cumulative volume of all OBs in the same category (bullish or bearish).
Order Block Removal Conditions:
Bullish order blocks are removed when the price closes below the bottom of the block.
Bearish order blocks are removed when the price closes above the top of the block.
Helps maintain chart clarity by only displaying relevant and active levels.
Midline Feature:
Dashed midline inside each order block indicates the midpoint between the upper and lower boundaries.
Traders can toggle the midline on or off through the settings.
Shadow Trend:
Shadow Trend dynamically visualizes trend strength and direction by adapting its color intensity based on price movement.
🔵 Usage:
Supply & Demand Zones: Use bullish and bearish order blocks to identify key market reversal or continuation points.
Volume Strength Analysis: Compare volume percentages to gauge which order blocks hold stronger market significance.
Breakout Confirmation: Monitor block removal conditions for potential breakout signals beyond support or resistance zones.
Trend Reversals: Combine EMA crossovers with order block formation for early trend reversal detection.
Risk Management: Use OB boundaries as potential stop-loss or entry points.
Volume Order Blocks is an essential tool for traders seeking to incorporate volume-based supply and demand analysis into their trading strategy. By combining price action, volume data, and EMA crossovers, it offers a comprehensive view of market structure and potential turning points.
Trend Analysis
Breakout Support & Resistance SwiftEdgeBreakout Support & Resistance
The Breakout is a technical analysis tool designed to identify breakout opportunities in the market by detecting price movements through support and resistance levels. It plots potential entry points, stop-loss (SL), and take-profit (TP) levels based on user-defined percentages, helping traders visualize breakout setups on their charts.
How It Works
Support and Resistance Detection: The indicator uses pivot points to identify support and resistance levels over a user-defined lookback period.
Breakout Identification: A breakout is confirmed when the price crosses above a resistance level (bullish) or below a support level (bearish) and remains there for a specified number of bars.
Entry, SL, and TP Levels: Upon a confirmed breakout, the indicator sets an entry point at the closing price and calculates SL, TP1, and TP2 levels based on user-defined percentages.
Directional Filtering: To avoid conflicting signals, the indicator filters breakouts based on the current trade direction. A new entry in the opposite direction is only set if the price moves a user-defined percentage away from the previous entry or if the previous trade hits its SL, TP1, or TP2.
Visuals: The indicator plots support and resistance lines, breakout labels, and entry/SL/TP levels on the chart. Users can choose to display only the latest entry or up to 5 recent entries.
Features
Customizable Settings: Adjust the lookback period for pivot points, breakout confirmation bars, SL/TP percentages, and more.
Directional Change Control: A direction change is indicated when the price moves significantly in the opposite direction, helping to manage trend reversals.
Multiple Entry Display: Option to show up to 5 recent entries for tracking multiple breakouts.
Alerts: Receive alerts when a breakout is confirmed, including entry, SL, TP1, and TP2 levels.
Settings
Pivot Lookback Length: Number of bars to look back for identifying support and resistance levels (default: 5).
Breakout Confirmation Bars: Number of bars the price must stay above/below the level to confirm a breakout (default: 2).
Take Profit 1 (%): First take-profit level as a percentage above/below the entry (default: 2.0%).
Take Profit 2 (%): Second take-profit level as a percentage above/below the entry (default: 4.0%).
Stop Loss (%): Stop-loss level as a percentage below/above the entry (default: 1.0%).
Show Multiple Entries: Toggle to display up to 5 recent entries or only the latest (default: false).
Direction Change Threshold (%): Percentage the price must move away from the entry to allow a direction change (default: 2.0%).
How to Use
Add the Breakout Scanner to your chart.
Adjust the settings to match your trading style (e.g., tweak the pivot lookback or SL/TP percentages).
Watch for breakout labels ("Breakout") on the chart, indicating a confirmed breakout.
Use the plotted entry, SL, TP1, and TP2 levels to plan your trades.
Enable alerts to be notified of new breakouts in real-time.
Notes
This indicator is designed to assist with identifying breakout opportunities and does not guarantee specific results. Always combine it with other analysis and risk management techniques.
The direction change feature helps filter breakouts in the opposite direction, but significant price movements may still trigger a new entry in the opposite direction.
For best results, test the indicator on a demo account to understand its behavior in your preferred market and timeframe.
Machine Learning Trendlines Cluster [LuxAlgo]The ML Trendlines Cluster indicator allows traders to automatically identify trendlines using a machine learning algorithm based on k-means clustering and linear regression, highlighting trendlines from clustered prices.
For trader's convenience, trendlines can be filtered based on their slope, allowing them to filter out trendlines that are too horizontal, or instead keep them depending on the user-selected settings.
🔶 USAGE
Traders only need to set the number of trendlines (clusters) they want the tool to detect and the algorithm will do the rest.
By default the tool is set to detect 4 clusters over the last 500 bars, in the image above it is set to detect 10 clusters over the same period.
This approach only focuses on drawing trendlines from prices that share a common trading range, offering a unique perspective to traditional trendlines. Trendlines with a significant slope can highlight higher dispersion within its cluster.
🔹 Trendline Slope Filtering
Traders can filter trendlines by their slope to display only steep or flat trendlines relative to a user-defined threshold.
The image above shows the three different configurations of this feature:
Filtering disabled
Filter slopes above threshold
Filter slopes below threshold
🔶 DETAILS
K-means clustering is a popular machine-learning algorithm that finds observations in a data set that are similar to each other and places them in a group.
The process starts by randomly assigning each data point to an initial group and calculating the centroid for each. A centroid is the center of the group. K-means clustering forms the groups in such a way that the variances between the data points and the centroid of the cluster are minimized.
The trendlines are displayed according to the linear regression function calculated for each cluster.
🔶 SETTINGS
Window Size: Maximum number of bars to get data from
Clusters: Maximum number of clusters (trendlines) to detect
🔹 Optimization
Maximum Iteration Steps: Maximum loop iterations for cluster computation
🔹 Slope Filter
Threshold Multiplier: Multiplier applied to a volatility measure, higher multiplier equals higher threshold
Filter Slopes: Enable/Disable Trendline Slope Filtering, select to filter trendlines with slopes ABOVE or BELOW the threshold
🔹 Style
Upper Zone: Color to display in the top zone
Lower Zone: Color to display in the bottom zone
Lines: Style for the lines
Size: Line size
EMA & RSI Buy & Sell Signal - 🆔 telegram : @PTMRBEMA & RSI Buy & Sell Signal - 🆔 For more signals join telegram : @PTMRB – Enhanced Visualization
This indicator provides clear and precise buy and sell signals based on the EMA (100) and RSI (14) strategy. The buy signals are displayed below the candle's lowest shadow (wick), while sell signals appear above the highest shadow, ensuring better visualization for traders.
Features:
✅ Uses EMA 100 and RSI 14 for trend-based confirmations.
✅ Buy signals appear when conditions align below the lowest wick.
✅ Sell signals appear when conditions align above the highest wick.
✅ Alerts included for instant notifications.
Developed by Panda Auto Trading Mod Signal Bot | PATMS bot to help traders make informed decisions with better visual clarity. 🚀
🔹 Follow our Telegram channel @PTMRB for 24/7 automated trading signals!
🔹 For inquiries, contact me on Telegram: @Panda_Shayan3
Support Resistance + TrendlinesMeet your new training wheels for mastering trend lines, support, and resistance. The combination of these elements is a simple yet powerful tool.
Using pivot points this indicator automatically plots trend lines, giving you a real-time visual of market structure. Red (short) and green (long) triangles are plotted at trend line breaks. These areas can be used as points of entry on a break and retest.
Using the same pivot points, the indicator will plot key levels, highlighting areas where price has historically reacted. More recent levels are more heavily weighted. These levels are imperative in establishing an exit strategy from your entry on a trend line break.
Using these two features together can also help you to avoid entering into areas of reversal. If a trend line is broken near a key level, this may be an indication to pause on entering a position until the level is also broken.
Make sure to take advantage of the alert features for breaks of support, resistance and trend lines.
Credit:
© LonesomeTheBlue - S/R Indicator Features
© QuantVue Team - Trend Line Features
Standard Deviation SMA RSI | mad_tiger_slayerOverview of the Script
The Standard Deviation SMA RSI is a custom TradingView indicator that enhances the Relative Strength Index (RSI) by incorporating a Simple Moving Average (SMA) and Standard Deviation bands . This approach smooths RSI calculations while factoring in volatility to provide clearer trend signals . Additionally, the indicator includes overbought and oversold thresholds, trend-coded RSI signals , and dynamic volatility bands for improved market analysis. This indicator is designed for swing traders and long-term investors looking to capture high-probability trend shifts.
How Do Traders Use the Standard Deviation SMA RSI?
In the provided chart image, the indicator is displayed on a price chart. Each visual component serves a distinct function in identifying trend conditions and volatility levels .
INTENDED USES
⚠️ NOT INTENDED FOR SCALPING
With the smoothing nature of the SMA-based RSI , this indicator is not designed for low-timeframe scalping. It works best on timeframes above 1-hour , with optimal performance in 12-hour, daily, and higher timeframes.
📈 TREND-FOLLOWING & MEAN REVERSION
The Standard Deviation SMA RSI functions as both a trend-following and mean-reverting indicator:
Trend-Following: Identifies strong, sustained trends using RSI signals and SMA confirmation.
Mean Reversion: Detects overbought/oversold conditions based on standard deviation bands and RSI thresholds .
A VISUAL REPRESENTATION OF INTENDED USES
RSI Line (Green/Pink/Gray): The RSI line dynamically changes color based on trend conditions .
Green RSI → Strong uptrend, RSI above the uptrend threshold.
Pink RSI → Downtrend, RSI below the downtrend threshold.
Gray RSI → Neutral state or consolidation.
If the SMA of RSI is above Long Threshold , the market is in a bullish trend.
If it’s below Short Threshold, bearish conditions prevail.
Threshold Lines (Teal/Purple):
Green Line → Long Entry Threshold
Red Line → Short Entry Threshold
Standard Deviation Bands:
Upper Band → Measures bullish volatility expansion
Lower Band → Measures bearish volatility expansion
Colored Candles: Price candles adjust color based on RSI conditions , visually aligning price action with market trends.
Indicator's Primary Elements
Input Parameters
The script includes several configurable settings, allowing users to tailor the indicator to different market environments:
RSI Length: Controls the number of periods for RSI calculations.
SMA Length: Defines the period for the SMA applied to RSI , creating a smoothed trend line.
Standard Deviation Period: Determines the length for volatility calculations.
Overbought and Oversold Levels:
Can be adjusted to customize sensitivity.
Standard Deviation SMA RSI Calculation
The SMA-based RSI smooths fluctuations while the standard deviation bands measure price volatility.
Upper and Lower Bands: Calculated by adding/subtracting standard deviation to/from the SMA-based RSI.
Trend Signal Calculation:
RSI is compared to uptrend and downtrend thresholds to determine buy/sell conditions.
Long and Short Conditions
Buy and sell conditions are determined by RSI relative to key thresholds :
Bullish Signal: RSI above long threshold & SMA confirms trend .
Bearish Signal: RSI below short threshold & SMA confirms downtrend .
Reversals: RSI entering overbought/oversold areas suggests possible trend reversals.
Conclusion
The Standard Deviation SMA RSI is a powerful trend-following and mean-reverting tool , offering enhanced insights into RSI movements, volatility, and market strength . By combining SMA smoothing, standard deviation bands, and dynamic thresholds , traders can better identify trend confirmations, reversals, and overextended conditions .
✅ Customizable settings allow traders to optimize sensitivity.
✅ Works best on high timeframes (12H, Daily, Weekly).
✅ Ideal for swing traders and long-term investors.
Enhanced Demand & Supply Zones// How to Use the Enhanced Demand & Supply Zones Indicator
/*
## Understanding the Indicator
The Enhanced Demand & Supply Zones (EDSZ) Indicator identifies strong demand (support) zones and supply (resistance) zones on the chart. It also incorporates:
- Multi-timeframe trend confirmation to determine the market direction.
- RSI filtering to validate overbought and oversold conditions.
- Strong Buy & Sell Signals based on key confluences.
## When to Buy (Strong Buy Signal)
A strong buy opportunity is signaled when all the following conditions are met:
1. Price is above the last demand zone (support level).
2. RSI is below 35, indicating oversold conditions.
3. Bullish Trend Confirmation - Price is above SMA trends across multiple timeframes (1M, 5M, 15M, 1H, 4H, Daily).
4. Price crosses above the last demand zone (crossover).
### Ideal Buy Entry:
- Enter a long position after the BUY label appears.
- Set a stop-loss slightly below the demand zone.
- Take-profit at the next supply zone or based on risk-reward ratio (1:2 or 1:3).
## When to Sell (Strong Sell Signal)
A strong sell opportunity is signaled when all the following conditions are met:
1. Price is below the last supply zone (resistance level).
2. RSI is above 65, indicating overbought conditions.
3. Bearish Trend Confirmation - Price is below SMA trends across multiple timeframes.
4. Price crosses below the last supply zone (crossunder).
### Ideal Sell Entry:
- Enter a short position after the SELL label appears.
- Set a stop-loss slightly above the supply zone.
- Take-profit at the next demand zone or based on risk-reward ratio (1:2 or 1:3).
## When NOT to Trade
Avoid trading under the following conditions:
1. Choppy or sideways market - If price is bouncing between zones without strong trends.
2. Weak or conflicting trends - If price is hovering near SMAs without a clear direction.
3. RSI is in the middle range (35-65) - No strong overbought or oversold conditions.
4. No clear demand/supply crossovers - If price is stuck in a zone without a breakout.
## Additional Strategies to Improve Trading
1. Volume Confirmation - Check if a breakout above demand or below supply is accompanied by high volume.
2. Candlestick Patterns - Look for reversal patterns (e.g., pin bars, engulfing candles) near zones.
3. Fibonacci Retracement - Combine demand and supply zones with Fibonacci levels for confluence.
4. Market Structure - Confirm trend strength using break of structure (BoS) and change of character (ChoCH).
5. Risk Management - Always set stop-loss and manage risk per trade to avoid large drawdowns.
By following these rules and integrating additional confirmations, traders can maximize their probability of success using the EDSZ Indicator.
*/
Fibonacci Retracement with SignalsThis script automatically detects recent swing highs and lows to plot Fibonacci retracement levels dynamically. The levels adjust in real-time, moving along with price action, ensuring traders have accurate support and resistance zones.
How to Use for Buying & Selling:
Buy Entry: Look for price to bounce from key Fibonacci support levels (0.618, 0.5, or 0.382). A bullish confirmation (e.g., candlestick patterns or trendline support) increases trade confidence.
Sell Entry: If the price retraces to key resistance levels (0.618, 0.5, or 0.382) and shows rejection (e.g., wicks, bearish engulfing), it may indicate a selling opportunity.
Breakout Trading: If the price breaks above the 0.0 Fibonacci level, it may indicate strong bullish momentum. Conversely, breaking below the 1.0 level signals bearish continuation.
Additional Features to Look For:
✔ Dynamic Fibonacci levels update in real-time with price action
✔ Works across all timeframes and assets (stocks, forex, crypto, indices)
✔ Key retracement levels (0.236, 0.382, 0.5, 0.618, 0.786) highlighted
✔ Helps identify high-probability trade setups with confluence zones
This indicator is best used with price action, trendlines, volume, or other confirmation indicators for stronger trade setups. 🚀
SuperNova - Dynamic Trend Adaptive Average FilterThe SuperNova filter creates a custom adaptive moving average called the Dynamic Trend Adaptive Average (DTAA). It adjusts its smoothing in real-time based on the efficiency of recent price movement and the current level of volatility. An adaptive channel background is based on the strength of the DTAA movement, whose fill color and transparency change dynamically according to market bias. In addition, the indicator computes DTAA values on multiple timeframes (5min, 15min, 1hr, and 4hr) and displays them in a statistics table. A visual “DTAA Ribbon” made up of 20 DTAA lines enhances the analysis by showing trends in a gradient color style.
Input and Color Setup
• Defines inputs for table background and text colors (e.g., tableBgColor and tableTextColor).
• Includes a helper function (mixColor) that linearly interpolates between two colors based on an interpolation factor.
Efficiency Metric Calculation
• Calculates the change in price between consecutive bars (priceDelta) and its absolute value (absPriceDelta).
• Computes totalMovement by taking the simple moving average (SMA) of these absolute differences over a period defined by the “Movement Duration” (movDuration) and then scales it by that duration.
• Derives an efficiency metric (effMetric) by comparing the net price change over the lookback period with the total movement—measuring how “efficient” the price move is.
Adaptive Smoothing Constant
• Determines fast and slow smoothing constants (fastConst and slowConst) based on input periods (rapidLen and gradualLen).
• Blends these constants to calculate an adaptive constant (adaptConst). This adaptive factor is squared and then multiplied by a boostFactor to dynamically adjust the smoothing strength.
Dynamic Trend Adaptive Average (DTAA) Calculation
• Implements a recursive calculation similar to Kaufman’s Adaptive Moving Average: on the first bar, DTAA is set equal to the close; thereafter, it is updated by adding the product of adaptConst and the difference between the current close and the previous DTAA.
Volatility Measurement
• Calculates volatility using the Average True Range (ATR) over a specified period (volLength).
Normalized Slope and Market Bias Determination
• Computes the normalized slope of the DTAA by dividing the change in DTAA by the current volatility (priceSlope).
• A smoothed average of the slope (avgSlope) is obtained using an SMA over a period defined by trendSmooth.
• Market bias is determined by the sign of avgSlope: a positive value signifies bullish bias, a negative value bearish, and zero suggests neutrality, with biasIntensity capturing the strength of the trend.
Channel (Envelope) Construction
• Creates an upper and lower envelope by adding/subtracting a multiple of the volatility (bandFactor) to/from the DTAA.
• Plots these envelopes and fills the area between them with a color whose transparency (alpha_env) is dynamically adjusted based on the bias intensity and the selected gradient factor. The fill color shifts according to whether the market is bullish, bearish, or neutral.
Dynamic DTAA Plotting with Gradient Coloring
• Calculates a gradient intensity from the biasIntensity.
• Uses the mixColor function to blend a neutral color with either an up (bullish) or down (bearish) color depending on the calculated market bias.
• Plots the DTAA itself using the dynamically derived adaptive color and a specified line width (dtaaLineWidth).
Multi-Timeframe DTAA and Bias Calculations
• Recalculates DTAA for higher timeframes (5 minutes, 15 minutes, 1 hour, 4 hours) using request.security().
• Determines the bias for each timeframe by comparing the current DTAA value with its prior value on that timeframe, outputting textual markers (“Bullish”, “Bearish”, or “Neutral”).
Statistics Table Display
• Creates a table (tableStats) in the top-right corner showing the primary DTAA value along with the bias (or trend state) for each of the four timeframes, allowing quick visual reference.
DTAA Ribbon
• Generates multiple DTAA lines (up to 20) with slightly different responsiveness or lag.
• Each line in the ribbon is plotted with a gradient color effect (using dynamic transparency adjustments) so that the full “ribbon” visually represents the evolution of the trend over time.
MTF Fibonacci Pivots with Mandelbrot FractalsMTF Fibonacci Pivots with Mandelbrot Fractals: Advanced Market Structure Analysis
Overview
The MTF Fibonacci Pivots with Mandelbrot Fractals indicator represents a significant advancement in technical analysis by combining multi-timeframe Fibonacci pivot levels with sophisticated fractal pattern recognition. This powerful tool identifies key support and resistance zones while predicting potential price reversals with remarkable accuracy.
Key Capabilities
This indicator provides traders with three distinct layers of market structure analysis:
Automatic Timeframe Adaptation: The primary pivot set automatically adjusts to your chart's timeframe, ensuring relevant support and resistance levels for your specific trading horizon.
1-Year Fibonacci Pivots: The second layer displays yearly pivots that reveal long-term market cycles and institutional price levels that often act as significant reversal points.
3-Year Fibonacci Pivots: The third layer unveils major market structure zones that typically remain relevant for extended periods, offering strategic context for position trading and long-term investment decisions.
Predictive Technology
What truly distinguishes this indicator is its advanced predictive capability powered by:
Mandelbrot Fractal Pattern Recognition: The indicator implements a sophisticated fractal detection algorithm that identifies recurring price patterns across multiple timeframes. Unlike conventional fractal indicators, it incorporates noise filtering and adaptive sensitivity to market volatility.
Tesla's 3-6-9 Principle Integration: The system incorporates Nikola Tesla's mathematical principle through a cubic Mandelbrot equation (Z_{n+1} = Z_n^3 + C where Z_0 = 0), creating a unique approach to pattern recognition that aligns with natural market rhythms.
Historical Pattern Matching: When a current price pattern exhibits strong similarity to historical formations, the indicator generates predictive targets with confidence ratings. Each prediction undergoes rigorous validation against multiple parameters including trend alignment, volatility context, and mathematical coherence.
Visual Intelligence System
The indicator's visual presentation enhances trading decision-making through:
Confidence-Based Visualization: Predictions display with intuitive star ratings, percentage confidence scores, and contextual information including price movement magnitude and estimated time to target.
Adaptive Color Harmonization: The color system intelligently adjusts to provide optimal visibility while maintaining a professional appearance suitable for any chart setup.
Trend Alignment Indicators: Each prediction includes references to the broader trend context, helping traders avoid counter-trend trades unless the reversal signal carries exceptional strength.
Strategic Applications
This indicator excels in multiple trading scenarios:
Intraday Trading: Identify high-probability reversal zones with precise timing
Swing Trading: Anticipate significant market turns at key structural levels
Position Trading: Recognize major cycle shifts for strategic entry and exit
The automatic 1-year and 3-year Fibonacci pivots provide institutional-grade reference points that typically define major market movements. These longer timeframes reveal critical zones that might be invisible on shorter-term analysis, giving you a significant edge in understanding where price is likely to encounter substantial buying or selling pressure.
This innovative approach to market analysis combines classical Fibonacci mathematics with cutting-edge fractal theory to create a comprehensive market structure visualization system that illuminates both present support/resistance levels and future price targets with exceptional clarity.
Setting Up MTF Fibonacci Pivots with Mandelbrot Fractals
Initial Setup
Adding this indicator to your TradingView charts is straightforward:
Navigate to the "Indicators" button on your chart toolbar
Search for "MTF Fibonacci Pivots with Mandelbrot Fractals"
Select the indicator to add it to your chart
A configuration panel will appear with various setting categories
Recommended Settings
The indicator comes pre-configured with optimal default settings, but you may want to adjust them based on your trading style:
For Day Trading (Timeframes 1-minute to 1-hour)
Pivots Timeframe 1: Auto (automatically adapts to your chart)
Pivots Timeframe 2: Daily
Pivots Timeframe 3: Weekly
Fractal Sensitivity: 2-3
Fractal Lookback Period: 20
Prediction Strength: 2
Color Theme: High Contrast or Dark Mode
For Swing Trading (Timeframes 4-hour to Daily)
Pivots Timeframe 1: Daily
Pivots Timeframe 2: Weekly
Pivots Timeframe 3: Monthly
Fractal Sensitivity: 1-2
Fractal Lookback Period: 30
Prediction Strength: 2-3
Color Theme: Default or Dimmed
For Position Trading (Timeframes Daily to Weekly)
Pivots Timeframe 1: Weekly
Pivots Timeframe 2: Monthly
Pivots Timeframe 3: Quarterly
Fractal Sensitivity: 1
Fractal Lookback Period: 50
Prediction Strength: 1
Color Theme: Monochrome or Pastel
Restoring Default Settings
If you've adjusted settings and wish to return to the defaults:
Right-click on the indicator name on your chart
Select "Settings" from the context menu
In the settings dialog, look for the "Reset All" button at the bottom
Confirm the reset when prompted
Alternatively, you can remove the indicator and add it again for a fresh start with default settings.
Advanced Settings Guidance
Visual Appearance
Use Gradient Colors: Enable for better visual differentiation between pivot levels
Color Transparency: 15% provides an optimal balance between visibility and chart clutter
Line Width: 1-2 for cleaner charts, 3+ for enhanced visibility
Fractal Analysis
Enable Fractal Analysis: Keep enabled for prediction capabilities
Fractal Box Spacing: Higher values (5-10) for cleaner displays, lower values (1-3) for more signals
Maximum Forecast Bars: 20 is optimal for most timeframes, adjust higher for longer predictions
Performance Considerations
Enable Self-Optimization: Keep enabled to maintain smooth chart performance
Resource Priority: Use "Balanced" for most computers, "Performance" for older systems
Force Pivot Display: Enable only when checking specific historical periods
Common Setup Mistakes to Avoid
Setting all timeframes too close together (e.g., Daily, Daily, Weekly) reduces the multi-timeframe advantage
Using high fractal sensitivity (4+) on noisy markets creates excessive signals
Setting fractal box spacing too low causes cluttered prediction boxes
Disabling self-optimization may cause performance issues on complex charts
Using incompatible color themes for your chart background reduces visibility
The indicator's power comes from its default 1-year and 3-year Fibonacci pivot settings, which highlight institutional levels while the auto-timeframe setting adapts to your trading horizon. These carefully balanced defaults provide an excellent starting point for most traders.
For optimal results, I recommend making minimal adjustments at first, then gradually customizing settings as you become familiar with the indicator's behavior in your specific markets and timeframes.
Screenshots:
Rev & Line - CoffeeKillerRev & Line - CoffeeKiller Indicator Guide
🔔 Warning: This Indicator Repaints 🔔 This indicator uses real-time calculations that may change based on future price action. As a result, signals (such as arrows, lines, or color changes) **can and will repaint** — meaning they may appear, disappear, or shift after a candle closes.
**Do not rely on this tool alone for live trading decisions.** Use with caution and always confirm with non-repainting tools or additional analysis.(This indicator is designed to show me the full length of the trend and because of this there can be a smaller movement inside of the trend movement)
Welcome traders! This guide will walk you through the Rev & Line indicator, a sophisticated technical analysis tool developed by CoffeeKiller that combines multiple methodologies to identify market pivots, trends, and potential reversal points.
Core Components
1. ZigZag Analysis
- Dynamic pivot detection using ATR (Average True Range)
- Customizable sensitivity through ATR Reversal Factor
- Color-coded trend lines (green for upward, red for downward)
- Optional vertical lines at pivot points
- Real-time pivot point analysis
2. Donchian Channel Integration
- Traditional upper, lower, and middle bands
- Customizable length and displacement
- Channel-based entry signals
- Dynamic market structure visualization
3. Marker Lines System
- Dynamic support/resistance level tracking
- Pivot-based reset mechanism
- Optional fill zones between markers
- Percentage position tracking within range
4. Signal Generation System
- Confluence between ZigZag pivots and Donchian channels
- Up/down arrow visualization
- Alert system
Main Features
ZigZag Settings
- ATR Reversal Factor: Controls pivot sensitivity (default 3.2)
- Customizable line appearance:
Width control (default: 3)
Color selection (green for uptrend, red for downtrend)
Vertical line options at pivot points
Maximum vertical lines display limit
- Hide repainted option for more reliable signals
Donchian Channel Configuration
- Optional channel visibility toggle
- Length parameter for lookback period (default: 20)
- Displace option for time offset
- Bubble offset for visual placement
Marker Lines System
- High/low/middle marker lines with step-line visualization
- Dotted line projections for future reference
- Pivot-based reset mechanism
- Color-coded percentage position display
Signal Generation
- Triangle markers for signals
- Combined ZigZag and Donchian confluence
- Alert system for notifications
Visual Elements
1. Pivot Lines
- Green: Upward price movements
- Red: Downward price movements
- Customizable line width
- Optional vertical pivot markers with style options:
Solid lines for confirmed pivots
Dashed lines for older pivots
Dotted lines for most recent pivots
2. Donchian Channels
- Upper band (red): Resistance level
- Lower band (green): Support level
- Middle band (yellow): Median price line
- Customizable display options
3. Marker Lines
- High marker line (magenta): Tracks highest open price
- Low marker line (cyan): Tracks lowest open price
- Middle marker line (blue): 50% level between high/low
- Dotted line extensions for future price projections
4. Position Tracking
- Percentage position display within marker range
- Real-time calculations from 0% to 100%
- Label system for visual reference
Trading Applications
1. Trend Following
- Enter on confirmed ZigZag pivot points
- Use Donchian channel boundaries as targets
- Trail stops using marker lines
- Monitor for confluence between systems
2. Counter-Trend Trading
- Trade bounces from marker lines
- Use pivot confirmation for entry timing
- Set stops based on recent pivot points
- Target the opposite marker line
3. Range Trading
- Use high/low marker lines to define range
- Trade bounces between upper and lower markers
- Consider middle marker for range midpoint
- Monitor percentage position within range
4. Breakout Trading
- Enter on breaks above/below marker lines
- Confirm with Donchian channel breakouts
- Use ZigZag pivot confirmations
- Wait for arrow signals for additional confirmation
Optimization Guide
1. ZigZag Parameters
- Higher ATR Factor: Less sensitive, major moves only
- Lower ATR Factor: More sensitive, catches minor moves
- Adjust line width for chart visibility
- Balance vertical line count for clarity
2. Donchian Channel Settings
- Longer length: Smoother channels, fewer false signals
- Shorter length: More responsive, but potentially noisier
- Displacement: Offset for historical reference
- Consider timeframe when setting parameters
3. Marker Line Configuration
- Enable/disable based on trading style
- Toggle middle line for additional reference
- Adjust colors for visual clarity
- Enable/disable labels as needed
4. Signal Generation
- Use "Hide repainted" option for more reliable signals
- Combine ZigZag and Donchian signals for confirmation
- Set alerts based on confirmed pivot points
- Balance sensitivity with reliability
Best Practices
1. Signal Confirmation
- Wait for confirmed pivot points
- Check for Donchian channel interactions
- Confirm with price action
- Look for arrow signals at pivot points
2. Risk Management
- Use recent pivot points for stop placement
- Consider marker line boundaries for targets
- Don't trade against strong trends
- Wait for clear confluence between systems
3. Setup Optimization
- Start with default settings
- Adjust based on timeframe
- Fine-tune ATR sensitivity
- Match settings to trading style
Advanced Features
1. Alert System
- Customizable arrow alerts
- Pivot point notifications
- Text message alerts with ticker information
- Once-per-bar frequency option
2. Pivot Detection Logic
The indicator uses a sophisticated state-based approach to detect pivots:
- State transitions between "uptrend," "downtrend," and "undefined"
- ATR-based reversal detection
- Minimum movement threshold for pivot confirmation
- Historical pivot tracking and labeling
3. Marker Line Reset Mechanism
- Marker lines reset based on pivot detection
- Dynamic support/resistance level adjustment
- Percentage position calculation within range
- Automatic updates as market structure changes
Remember:
- Combine multiple confirmation signals
- Use appropriate timeframe settings
- Monitor both ZigZag and Marker signals
- Pay attention to Donchian channel interactions
- Consider market volatility when trading
This indicator works best when:
- Used with proper risk management
- Combined with other technical tools
- Applied to appropriate timeframes
- Signals are confirmed by price action
**DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Trend Detection
#### *Description:*
This *Trend Detection* indicator is designed to help traders identify and confirm trends in the market using a combination of moving averages, volume analysis, and MACD filters. It provides clear visual signals for uptrends and downtrends, along with customizable settings to adapt to different trading styles and timeframes. The indicator is suitable for both beginners and advanced traders who want to improve their trend-following strategies.
---
#### *Key Features:*
1. *Trend Detection:*
- Uses *Moving Averages (MA)* to determine the overall trend direction.
- Supports multiple MA types: *SMA (Simple), **EMA (Exponential), **WMA (Weighted), and **HMA (Hull)*.
2. *Advanced Filters:*
- *MACD Filter:* Confirms trends using MACD crossovers.
- *Volume Filter:* Ensures trends are supported by above-average volume.
- *Multi-Timeframe Filter:* Validates trends using a higher timeframe (e.g., Daily or Weekly).
3. *Visual Signals:*
- Plots a *trend line* on the chart to indicate the current trend direction.
- Fills the background with *green* for uptrends and *red* for downtrends.
4. *Customizable Settings:*
- Adjust the *MA lengths, **MACD parameters, and **confirmation thresholds* to suit your trading strategy.
- Control the transparency of the background fill for better chart readability.
5. *Alerts:*
- Generates *buy/sell signals* when a trend is confirmed.
- Alerts can be set to trigger at the close of a candle for precise entry/exit points.
---
#### *How to Use:*
1. *Adding the Indicator:*
- Copy and paste the Pine Script code into the TradingView Pine Script editor.
- Add the indicator to your chart.
2. *Configuring the Settings:*
- *Trend Settings:*
- Choose the *MA type* (e.g., EMA for faster response, HMA for smoother trends).
- Set the *Trend MA Period* (e.g., 200 for long-term trends) and *Filter MA Period* (e.g., 100 for medium-term trends).
- *Advanced Filters:*
- Enable/disable the *MACD Filter* and adjust its parameters (Fast, Slow, Signal).
- Enable/disable the *Volume Filter* to ensure trends are supported by volume.
- *Multi-Timeframe Filter:*
- Enable this filter to validate trends using a higher timeframe (e.g., Daily or Weekly).
3. *Interpreting the Signals:*
- *Uptrend:* The trend line turns *green*, and the background is filled with a transparent green color.
- *Downtrend:* The trend line turns *red*, and the background is filled with a transparent red color.
- *Alerts:* Buy/sell signals are generated when the trend is confirmed.
4. *Using Alerts:*
- Set up alerts for *Buy Signal* (bullish reversal) and *Sell Signal* (bearish reversal).
- Alerts can be configured to trigger at the close of a candle for precise execution.
---
#### *Settings and Their Effects:*
1. *MA Type:*
- *SMA:* Smooth but lagging. Best for long-term trends.
- *EMA:* Faster response to price changes. Suitable for medium-term trends.
- *WMA:* Gives more weight to recent prices. Useful for short-term trends.
- *HMA:* Combines speed and smoothness. Ideal for all timeframes.
2. *Trend MA Period:*
- A longer period (e.g., 200) identifies long-term trends but may lag.
- A shorter period (e.g., 50) reacts faster but may produce false signals.
3. *Filter MA Period:*
- Acts as a secondary filter to confirm the trend.
- A shorter period (e.g., 50) provides tighter confirmation but may increase noise.
4. *MACD Filter:*
- Ensures trends are confirmed by MACD crossovers.
- Adjust the *Fast, **Slow, and **Signal* lengths to match your trading style.
5. *Volume Filter:*
- Ensures trends are supported by above-average volume.
- Reduces false signals during low-volume periods.
6. *Multi-Timeframe Filter:*
- Validates trends using a higher timeframe (e.g., Daily or Weekly).
- Increases reliability but may delay signals.
7. *Confirmation Value:*
- Sets the minimum percentage deviation from the trend MA required to confirm a trend.
- A higher value (e.g., 2.0%) reduces false signals but may delay trend detection.
8. *Confirmation Bars:*
- Sets the number of bars required to confirm a trend.
- A higher value (e.g., 5 bars) ensures sustained trends but may delay signals.
---
#### *Who Should Use This Indicator?*
1. *Trend Followers:*
- Traders who focus on identifying and riding long-term trends.
- Suitable for *swing traders* and *position traders*.
2. *Day Traders:*
- Can use shorter MA periods and faster filters (e.g., EMA, HMA) for intraday trends.
3. *Volume-Based Traders:*
- Traders who rely on volume confirmation to validate trends.
4. *Multi-Timeframe Traders:*
- Traders who use higher timeframes to confirm trends on lower timeframes.
5. *Beginners:*
- Easy-to-understand visual signals and alerts make it beginner-friendly.
6. *Advanced Traders:*
- Customizable settings allow for fine-tuning to match specific strategies.
---
#### *Example Use Cases:*
1. *Long-Term Investing:*
- Use a *200-period SMA* with a *Daily* higher timeframe filter to identify long-term trends.
- Enable the *Volume Filter* to ensure trends are supported by strong volume.
2. *Swing Trading:*
- Use a *50-period EMA* with a *4-hour* higher timeframe filter for medium-term trends.
- Enable the *MACD Filter* to confirm trend reversals.
3. *Day Trading:*
- Use a *20-period HMA* with a *1-hour* higher timeframe filter for short-term trends.
- Disable the *Volume Filter* for faster signals.
---
#### *Conclusion:*
The *Trend Detection* indicator is a versatile tool for traders of all levels. Its customizable settings and advanced filters make it suitable for various trading styles and timeframes. By combining moving averages, volume analysis, and MACD filters, it provides reliable trend signals with minimal lag. Whether you're a beginner or an advanced trader, this indicator can help you make better trading decisions by identifying and confirming trends in the market.
---
#### *Publishing on TradingView:*
- *Title:* Trend Detection with Advanced Filters
- *Description:* A powerful trend detection tool using moving averages, volume analysis, and MACD filters. Suitable for all trading styles and timeframes.
- *Tags:* Trend, Moving Averages, MACD, Volume, Multi-Timeframe
- *Category:* Trend-Following
- *Access:* Public or Private (depending on your preference).
---
Let me know if you need further assistance or additional features!
fractal candle The fractal candle technical indicator to identify potential trend reversals in financial markets. It works by counting a series of price bars and looking for specific patterns that indicate when a trend is likely to reverse.
How the Indicator Works:
Counting Candles:
The indicator compares the closing price of the current candle with the closing price from 4 candles ago.
If the current close is higher, the bullish (buy) count increases.
If the current close is lower, the bearish (sell) count increases.
When a count reaches 9 or 13, it may signal a trend reversal.
Buy and Sell Setup:
A buy setup occurs when there have been 9 consecutive candles where each close is lower than the close 4 candles before. This suggests a possible bullish reversal.
A sell setup occurs when there have been 9 consecutive candles where each close is higher than the close 4 candles before. This suggests a possible bearish reversal.
Support and Resistance Levels:
The indicator tracks previous highs and lows during buy/sell setups to identify potential support and resistance levels.
These levels can help traders decide where price might reverse or consolidate.
Candle Coloring for Visual Aid:
The script changes candle colors:
Red for sell signals 📉
Green for buy signals 📈
Different shades for overshoot conditions (extended trends)
Bollinger Band Breakout StrategyI've created a complete PineScript v6 trading strategy based on your requirements. This strategy implements Bollinger Bands breakout rules combined with EMA trend filtering, RSI momentum confirmation, and volume analysis.
The strategy includes:
Entry conditions:
Long when price closes above the upper Bollinger Band during an uptrend with volume confirmation
Short when price closes below the lower Bollinger Band during a downtrend with volume confirmation
Exit conditions:
Take profit based on a configurable risk-reward ratio (default 2:1)
Stop loss placed at recent swing lows/highs or at the EMA(50)
Additional exit when price crosses the opposite Bollinger Band
Risk management:
Uses 100% of equity for position sizing
Commission set to 0.1% as specified
Implements proper risk calculation based on stop distance
Trend and market condition filters:
Only enters longs in uptrends (price > EMA20 > EMA50)
Only enters shorts in downtrends (price < EMA20 < EMA50)
Skips trades during choppy or sideways markets
Confirms breakouts with volume and OBV
Visual elements:
Plots all indicators for visual reference
Shows buy/sell signals on the chart
Displays a status table with real-time market conditions
Sri_Super TableSri_Super Table
📌 Overview:
The Sri_Super Table is a comprehensive multi-timeframe analysis tool that provides real-time insights into market trends, SuperTrend deviations, buyer-seller volume strength, and key technical indicators. Designed for traders who rely on data-driven decision-making, this script presents a clean, structured table to visualize trend dynamics across multiple timeframes (5m, 15m, 30m, 60m).
📌 Key Features:
✅ Bear - Bull Trend Strength – Analyzes the bullish and bearish trend strength using price movement relative to ATR across multiple timeframes.
✅ SuperTrend Percentage Deviation – Calculates the percentage difference between the current price and the SuperTrend indicator for quick trend assessment.
✅ Buyer Volume Analysis – Computes and displays the percentage of buyer dominance, highlighting shifts in market sentiment.
✅ Swing Trend & Exit Points – Incorporates a custom swing trend strategy to determine potential exit points and key trend reversals.
✅ Dynamic Table Positioning – The table can be positioned at Top Right, Top Left, Bottom Right, or Bottom Left of the chart for user convenience.
📌 How It Works:
The table presents market data in a structured format, with color-coded visual cues:
🔹 Green (Bullish) – Indicates a strong upward trend.
🔹 Red (Bearish) – Signals a strong downward trend.
🔹 Black/Neutral Colors – Represents a consolidation phase or weak trend.
The data is dynamically updated in real-time to help traders make informed decisions without cluttering their charts with multiple indicators.
📌 Ideal For:
🔹 Intraday traders and scalpers who need a quick multi-timeframe trend assessment.
🔹 Swing traders looking for trend confirmation before entering/exiting trades.
🔹 Traders who utilize SuperTrend, volume analysis, and Fibonacci projections in their strategies.
📌 Customization:
⚙️ Adjustable Inputs – Modify SuperTrend Factor, ATR settings, and regression line length.
⚙️ Table Placement Control – Select where to display the table on your chart.
⚙️ Multi-Timeframe Analysis – View data from different timeframes in a single glance.
📌 Usage:
1️⃣ Load the indicator on any asset and timeframe.
2️⃣ Adjust the SuperTrend Factor, ATR settings, and Regression Line as needed.
3️⃣ Use the trend and volume data to confirm trade entries and exits.
4️⃣ Monitor Fibonacci projections to anticipate price reactions at key levels.
5️⃣ Observe SuperTrend deviation percentages to spot potential trend shifts.
🚀 Enhance your trading strategy with data-driven insights! 🚀
My Custom RSIthis is a improvement to the rsi script in trading view. wanted as many options as possible so did my own thing. let me know if you like it. it works well for me and the way i trade. if you can improve it drop me a line, Im in.
[DHL-realmapholoba]Script is tailored to focus on the daily candle, efficiently capturing and marking its lows and highs.
Trend Catcher SwiftEdgeTrend Catcher SwiftEdge
Overview
The Trend Catcher SwiftEdge is a simple yet effective tool designed to help traders identify potential trend directions using two Simple Moving Averages (SMAs). It plots two SMAs based on the high and low prices of the chart, visually highlights trend conditions, and provides buy/sell labels to assist with trade entries. This indicator is best used as part of a broader trading strategy and should not be relied upon as a standalone signal generator.
How It Works
Two SMAs: The indicator calculates two SMAs: one based on the lowest price (Low) and one based on the highest price (High) over a user-defined period (default: 20).
Dynamic Colors:
Green: When the price is above both SMAs (indicating a potential uptrend).
Red: When the price is below both SMAs (indicating a potential downtrend).
Purple: When the price is between the SMAs (indicating consolidation).
The SMAs and the background between them change color dynamically to reflect the current trend condition.
Buy/Sell Labels:
A "Buy" label appears when an entire candlestick (including its low) crosses above both SMAs, marking the start of a potential uptrend.
A "Sell" label appears when an entire candlestick (including its high) crosses below both SMAs, marking the start of a potential downtrend.
To reduce noise, only one label is shown per trend direction. The indicator resets when the price enters the consolidation zone (purple), allowing for a new signal when the next trend begins.
Settings
SMA Length: Adjust the period of the SMAs (default: 20). A longer period smooths the SMAs and focuses on larger trends, while a shorter period makes the indicator more sensitive to price changes.
How to Use
Add the indicator to your chart.
Look for "Buy" labels to consider potential long entries during uptrends (green zone).
Look for "Sell" labels to consider potential short entries during downtrends (red zone).
Use the purple consolidation zone to prepare for potential breakouts.
Always combine this indicator with other forms of analysis (e.g., support/resistance, volume, or other indicators) to confirm signals.
Important Notes
This indicator is a tool to assist with identifying trend directions and potential entry points. It does not guarantee profits and should be used as part of a comprehensive trading strategy.
False signals can occur, especially in choppy or ranging markets. Consider using additional filters or confirmations to improve reliability.
Backtest the indicator on your chosen market and timeframe to understand its behavior before using it in live trading.
Feedback
If you have suggestions or feedback, feel free to leave a comment. Happy trading!
[DHL-realmapholoba]Script focus on the daily candle, efficiently capturing and marking its lows and highs.if priceis above the daily opening price,we have a bull candlestick,the script will show a green background,if price is below the daily opening price,we have a bearish daily candlesticks,the script will show a red bacground,this allow me to drop to lower time frames,i look for buys when the bacground is green,sells when the background is red..not the best but atleast it gives me clues on what is happening on the daily time frame,you can also adjust the period to weekly,if you are interested to see things on a bigger scale.
i like to use it with a change in the state of delivery to catch those highs and lows.
Psych LevelWhat it shows:
This indicator will show a horizontal line at a psychological value which can be user defined. (Psychological values are round numbers, like 10,50,100,1000 and so on...)
At these Psychological value there are often limit orders placed for both buying and selling and can often act as support and resistances.
Therefore it is useful to pre-draw these levels beforehand and this indicator will speed up the process doing so by adjusting few different settings and draw them automatically.
How to use it:
At these Psychological value there are often limit orders placed for both buying and selling and can often act as support and resistances. This is often the case when you look at limit orders at such levels on bookmap or level 2 data.
At these psychological levels it can be set as a target of your trade or as risk levels when taking a trade in either of direction. Obviously this alone shouldn't dictate the trade you should take but can be a valuable info to supplement your trade.
On the chart it is clear to see these psychological level lines are acting as resistances/supports.
Key settings:
Interval: Interval levels will be drawn for, between the minimum and maximum values inputted by the user. Minimum value allowed is 1.
Min. value: Minimum value of Psychological level that will be drawn. Minimum value allowed is 1.
Max value: Maximum value of Psychological level that will be drawn. Minimum value allowed is 1.
Line colour: Colour of line drawn.
Line width: Width of line drawn.
Line style: Style of line drawn, either solid, dotted or dashed.
Label offset: Offset of where where label will be, measured from current bar. Offset of 0 will be drawn at current bar location, any positive number will move to the right by the set amount.
Text Colour: Colour of label text
Text size: Size of label text
Example: Chart here shows setting for minimum value as 100, maximum value as 140 and interval as 5. In this setting lines will be automatically drawn at: 100,105,110,115,120,125,130,145 and 140.
The flexibility of user defined max/min and interval values allows to be accommodated for price with different price tags, including stocks under $10.
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If anything is not clear please let me know!
Daily ATR Based Grid with Multiple LevelsThis indicator plots a dynamic grid of horizontal levels on your chart based on the Average True Range (ATR) calculated on the daily timeframe. The grid levels are designed to help traders visualize key support and resistance areas that adjust dynamically based on market volatility. The number of grid levels, ATR length, and ATR multiplier can be customized to suit your trading strategy.
Key Features:
Daily ATR Calculation:
The ATR is calculated on the daily timeframe, ensuring the grid levels are based on daily volatility, regardless of the chart's current timeframe.
Customizable Grid Levels:
Users can specify the number of grid levels to plot above and below the current price.
The distance between grid levels is determined by the ATR multiplier, allowing for flexible adjustments.
Dynamic and Adaptive:
The grid levels adjust automatically as the price and daily ATR change, making it suitable for both trending and ranging markets.
Clean and Simple Visualization:
The grid levels are plotted as horizontal lines on the chart, extending infinitely in both directions for easy reference.
Input Parameters:
ATR Length:
The number of bars used to calculate the ATR. Default is 14.
ATR Multiplier:
The multiplier applied to the ATR to determine the distance between grid levels. Default is 1.5.
Number of Grid Levels:
The number of grid levels to plot above and below the current price. Default is 3.
Grid Color:
The color of the grid lines. Default is blue.
Grid Line Width:
The width of the grid lines. Default is 1.
How It Works:
The script fetches the daily ATR value using the request.security() function.
It calculates the distance between grid levels by multiplying the daily ATR by the ATR multiplier.
Using a loop, the script plots the specified number of grid levels above and below the current price.
The grid levels are updated dynamically as the price and ATR change.
Example Use Case:
If the daily ATR is 10, the ATR multiplier is 1.5, and the number of grids is 3, the script will plot the following levels:
Upper Levels: +15, +30, +45 points above the current price.
Lower Levels: -15, -30, -45 points below the current price.
These levels can act as potential support and resistance areas, helping traders identify entry, exit, and stop-loss points.
How to Use:
Add the indicator to your chart.
Customize the input parameters (ATR Length, ATR Multiplier, Number of Grid Levels, etc.) to suit your trading strategy.
Use the grid levels as reference points for:
Support and Resistance: Identify key levels where price might reverse or consolidate.
Take-Profit and Stop-Loss: Set targets based on the grid levels.
Trend Confirmation: Use the grid levels to confirm the strength of a trend.
Why Use This Indicator?:
Volatility-Based: The grid levels adjust based on market volatility, making them more relevant in different market conditions.
Customizable: Traders can adjust the number of levels and the distance between them to fit their trading style.
Timeframe-Independent: The ATR is calculated on the daily timeframe, making the indicator suitable for use on any chart timeframe.
ICT Sessions And Range Breakout [ADB]great indicator for ict traders. help you to set your own range area and breakout levels
