SHAMAZZ = Smoothed Heikin Ashi + MA + ZigZagSHAMAZZ combines a Smoothed Heikin Ashi structure, two moving averages, and a smart ZigZag with labeled swings to help you read trend, momentum and market structure in one glance.
What it does
1. Smoothed Heikin Ashi
โข Rebuilds candles using double-smoothed EMAs to filter noise
โข Bull SHA candles show trend strength and clean pushes up
โข Bear SHA candles highlight clean pushes down and pullbacks
2. Moving Averages
โข MA 1 is the fast trend line, default 50 period
โข MA 2 is the higher time frame trend line, default 200 period
โข Price above both MAs and green SHA candles suggests bullish environment
โข Price below both MAs and red SHA candles suggests bearish environment
3. ZigZag with labels
โข Detects major and minor swing highs and lows
โข Draws ZigZag lines with separate bull and bear colors
โข Labels key swings as HH, HL, LH, LL so you see market structure clearly
โข Label color and opacity are fully adjustable in settings
How to use it
1. Identify the main trend
โข Check MA 2 slope and where SHA candles are relative to MA 1 and MA 2
โข Long bias when SHA is mostly green and price holds above MA 1 and MA 2
โข Short bias when SHA is mostly red and price holds below MA 1 and MA 2
2. Read structure with the ZigZag
โข Uptrend pattern: HL then HH labels stepping upward
โข Downtrend pattern: LH then LL labels stepping downward
โข Structure shifts when the sequence breaks
Example: series of HH HL that suddenly prints a LL
3. Time entries
โข In an uptrend
โข Look for HL labels forming near or slightly under MA 1
โข Wait for SHA candles to flip back to bullish and then look for entries in the direction of the trend
โข In a downtrend
โข Look for LH labels forming near or slightly above MA 1
โข Wait for SHA candles to turn bearish again and then look for short setups
4. Filter chop and ranges
โข When HH HL and LL LH labels mix and alternate in a tight zone, market is ranging
โข You can avoid entries when SHA candles are small, mixed colors, and price is stuck around MA 1 and MA 2
5. Multi time frame use
โข Set the indicator timeframe to a higher time frame to project higher time frame SHA and MAs on a lower chart
โข Trade in the direction of the projected higher time frame trend and structure for cleaner setups
This indicator is designed as a trend and structure map: SHA shows the quality of the move, MAs show the larger direction, and the ZigZag labels show the story of highs and lows so you can enter with the trend and avoid random chop.
Analisis Candlestick
Custom Multi-Style Candlestick Chart (Arjo)Custom Multi-Style Candlestick Chart
View the same market through different candle-types to spot structure, trend, and volatility more clearly.
This indicator lets you view price action using several alternative candlestick styles, including Traditional , Smooth , Hull , EMA-based , Median-based , Heikin-Ashi , and more.
Instead of changing charts manually, you can instantly switch between different candle types in a single panel, even for other chart symbols.
Different smoothing techniques highlight different aspects of market behaviour โ trend clarity , volatility compression, swing structure, and momentum. This tool helps traders see those variations quickly without altering their main chart settings .
What This Indicator Does
1. Displays multiple candle-types
From the settings panel, you can choose:
Traditional Candles โ Standard OHLC data.
Heikin-Ashi โ Smooths out noise and shows cleaner trend flow.
Smooth Candles โ Uses a SuperSmooth filter to reduce short-term volatility.
Hull Candles โ Uses Hull MA smoothing for fast trend visualization.
EMA Candles โ Uses EMA-smoothed OHLC values.
Median Candles โ Shows median-filtered OHLC values for noise reduction.
Custom Candles โ A special formula using previous bars to create a balanced pivot-style open.
Each candle type offers a slightly different look at the same market.
2. Uses the Same Symbol & Timeframe
The indicator always uses:
the same timeframe as your chart , and
the symbol you select (Chart Symbol or Custom Symbol )
This makes it easy to compare the alternative candles directly with the price.
3. Includes Dynamic Support & Resistance
The indicator calculates:
20-period EMA (trend centerline)
ATR-based support and resistance levels
These levels help traders see where the price may find pressure or relief during normal volatility.
4. Shows Trend Strength (ADX Background Color)
The background becomes lighter or darker depending on ADX strength:
Low ADX (below 15) โ Market may be quiet or range-bound
Higher ADX โ Trend may be strengthening
This is only a visual guide and not a signal.
-------------------------------------------------------------------------------
How to Use It
----------------------------------------------------------------------
1. Choose a candle type from the settings.
Try switching between Smooth, Hull, Median, Heikin-Ashi, or other to see which gives you the clearest structure .
2. Compare the smoothed candles with the real price
Smoothed candles remove noise. They help to:
identify swing direction
spot trend strength
study clean momentum behaviour
3. Use the EMA-20 + ATR bands
These bands help you see natural dynamic support and resistance zones based on both trend and volatility.
4. Background color helps understand trend conditions
When the ADX is low , the background becomes slightly shaded to warn of choppy or low-momentum sessions.
5. Use with other tools
This indicator is intended solely as a visual aid.
You may combine it with your own signals, patterns, or risk-management methods.
Disclaimer
This indicator does not generate buy/sell signals.
It is meant for visual analysis only.
It does not predict future prices or guarantee any outcome.
Always use proper risk management and confirm decisions with your own analysis.
Happy Trading (ARJO)
1hr & 4hr TF Highs & Lows v2.2This indicator marks out every untouched 1hr & 4hr Highs & Lows on your chart.
There is an option to exclude a recent period from your current time.
ไนพๅค่ๅฟ - ้กถๅบThis indicator is the Stochastic Momentum Index Ergodic Indicator, used to assist in evaluating the reliability of 1-minute signals and identifying false signals, choppy market conditions, and the strength or weakness of trends.
B/B Timeframe This indicator showcases the current state of every timeframe. (Bullish / Bearish)
Keeps it in check at all times and changes the changes are happening live.
BB TrendDisclaimer: This Script works on daily chart for stocks. No SELL signal offered.
How to Use:
If BUY signal is shown on the chart, please take entry in the beginning of next candle.
please comment, if you find this useful.
Volume Pulse [ziksfx]Volume Pulse is a clean volume indicator designed to make it easier to read meaningful changes in activity without cluttering your chart. It enhances the standard volume view by supporting both classic volume and dollar volume , highlighting spikes and extreme bars and adding a compact label on the latest bar so you always see the current volume value at a glance. The script is intended to be used in a separate volume pane.
How it works
โ Supports two modes: standard volume or dollar volume (close ร volume).
โ Colors volume bars by candle direction (up/down). Optionally, it can:
โข highlight volume spikes above a moving average;
โข mark the highest-volume bar over a user-defined lookback period.
โ Plots a simple moving average of volume so you can quickly see when activity is above or below typical levels.
โ On the latest bar, shows a small label with the current volume value, automatically abbreviated (K / M / B) and optionally prefixed with โ$โ in dollar-volume mode.
Inputs & customization
โ Volume type: choose between standard volume and dollar volume.
โ Volume MA length: controls how sensitive the moving average is to recent changes in activity.
โ Spike highlighting: optional, turns on/off coloring for bars where volume exceeds the moving average.
โ Highest-volume bar lookback: sets the period for detecting the highest-volume bar.
โ Label position: choose whether the last-bar label appears on the left or right side of the bar, and optionally shift it slightly above the bar for better readability.
Use cases
Use Volume Pulse to:
โ Spot sudden spikes in volume and compare them to the recent average.
โ Identify sessions or candles with unusually high activity relative to a chosen TF.
โ Visually study how volume behaves around price moves, breakouts or potential fakeouts to better understand their strength or weakness.
โ Keep track of the latest barโs volume instantly, without having to read the raw scale values.
This indicator works on any symbol that has volume data (stocks, futures, crypto and more), but volume quality may vary between markets and instruments. It is intended as an analytical and educational tool only: it does not constitute financial advice and does not provide or guarantee any trading results. Always combine volume context with your own analysis and risk management.
Price Action - Trend BarFrom Al Brooks' "Trading Price Action Trends," this indicator colors strong trend bars. Bull trend bars (green body โฅ50%, close โฅ60% up range, larger than 1.5x average) highlight buyer control, while bear trend bars (red body โฅ50%, close โค40% down range) show seller dominance. Use to identify trend resumption or climaxes. Philosophy: Trends persist until testedโfocus on high-probability entries after pullbacks, avoiding barbwire noise.
Price Action - Inside/Outside BarsThis indicator highlights Inside and Outside bars based on Al Brooks' price action philosophy from "Reading Price Charts Bar by Bar." Inside bars (high โค previous high and low โฅ previous low) represent contraction and potential breakouts, often leading to two-legged moves. Outside bars (high > previous high and low < previous low with min body 50%) signal volatility and possible reversals or trends. Customizable highlights, lines, and labels help identify high-probability setups in trends or ranges. Always focus on contextโbuy low, sell high, and wait for confirmation.
Reversal Candlestick Setups (Doji, Outside, Extreme, Wick)Reversal Candlestick Setups โ Doji, Outside, Extreme & Wick
This indicator identifies four high-probability reversal candlestick patterns across all timeframes: Doji Reversals, Outside Reversals, Extreme Reversals, and Wick Reversals. Each setup is based on clearly defined quantitative rules, allowing traders to filter noise and focus on strong reversal signals instead of relying on subjective visual interpretation.
The tool automatically scans every candle, highlights qualifying patterns on the chart, and provides alert options for both bullish and bearish versions of all four setups. This makes it suitable for intraday traders, swing traders, and positional traders seeking early reversal confirmation.
Included Setups
1. Doji Reversal Setup
Identifies candles with extremely small bodies relative to their range, combined with a smaller-than-average bar size. Useful for spotting market indecision before a directional shift.
2. Outside Reversal Setup
Flags candles that engulf the previous candleโs highโlow range and exceed the average range by a multiplier. This is designed to capture strong momentum reversals driven by aggressive buying or selling.
3. Extreme Reversal Setup
Highlights large-bodied candles that dominate their overall range and exceed twice the average bar size. These signals aim to catch climactic exhaustion and institutional-level reversals.
4. Wick Reversal Setup
Detects candles with long rejection wicks, small bodies, and closes near an extreme of the range, supported by above-average bar size. Ideal for identifying sharp intrabar rejections.
Key Features
โข Automatically detects all four reversal setups
โข Works on all timeframes and symbols
โข Customizable variables for deeper testing and optimization
โข Clear bullish and bearish labels directly on the chart
โข Fully integrated alert conditions for real-time notifications
โข Suitable for crypto, stocks, indices, forex, and commodities
Who This Indicator Is For
โข Traders who want objective, rule-based reversal detection
โข Price action traders looking to enhance accuracy
โข Systematic traders wanting quantifiable candlestick criteria
โข Beginners learning reversal structures with visual guidance
โข Professionals integrating reversal patterns into algorithmic or discretionary systems
How to Use
Add the indicator to your chart and enable alerts for the specific setups you want to track (e.g., โBullish Wick Reversalโ). Combine these signals with market structure, trend filters, volume analysis, or momentum indicators for increased conviction.
MicroX- in side bar 4-7In Side bar
Shading the range of the host candle for a group of 4-7 candles makes it easier to read the movement.
ุชุธููู ูุทุงู ุงูุดู
ุนุฉ ุงูุญุงุถูุฉ ูู
ุฌู
ูุนุฉ ู
ู ุงูุดู
ูุน 4-7 ูุชุณููู ูุฑุงุกุฉ ุงูุญุฑูุฉ
Candle day/hourThis indicator displays a short label on each bar showing the day of week on daily charts and the hour on hourly charts. It supports multiple timezones and allows customization of label color, background, and font size.
HalfTrend + Trend AliThis indicator combines the structural logic of the HalfTrend system with a trend filter built on the Hull Moving Average to provide a clearer view of potential market turning points.
The HalfTrend method reacts to price extremes using adaptive deviations, offering a dynamic representation of local highs and lows. By integrating a Hull MA trend filter, the script focuses only on signals that appear in harmony with the prevailing directional bias, helping reduce noise that may occur during counter-trend fluctuations.
๐น How It Works
The HalfTrend algorithm tracks price swings using amplitude-based detection and ATR-derived channel deviation.
A trend switch is detected when price moves beyond the boundaries of the current swing structure.
The Hull Moving Average acts as a fast-reacting trend reference. Only signals that align with the Hull direction are highlighted.
To maintain clarity and avoid clustered notifications, the script displays only one signal per confirmed trend phase.
๐น What the Signals Represent
Buy signals appear when the HalfTrend structure shifts upward and the Hull MA confirms an uptrend.
Sell signals appear when the structure shifts downward and the Hull MA confirms a downtrend.
Both signal types include optional alerts for traders who want to be notified immediately when conditions change.
๐น Purpose
This tool is intended for traders who want to observe structural trend shifts together with a clean and responsive trend filter. It does not attempt to predict the market; instead, it highlights moments when short-term reversals and broader trend direction are aligned.
๐น Notes
The indicator does not repaint the signals once confirmed.
It can be applied to any market or timeframe.
Users may combine it with their own risk management or additional confirmation tools.
Bearish Engulfing Automatic Finding Script This is a bearish pattern formed by three candlesticks.
The pattern is based on the fact that the last candlestick must
completely engulf the previous two and be downward. The two preceding
candlesticks must also be upward. Candlestick wicks are not taken
into account.
Daily Candle by NatantiaIntroduction to the Daily Candle Indicator
The Daily Candle Indicator is a powerful and customizable tool designed for traders to visualize daily price action on any chart timeframe.
This Pine Script (version 5) indicator, built for platforms like TradingView, overlays a single candle representing the day's open, high, low, and close prices, with options to adjust its appearance and session focus.
Key Features:
Customizable Appearance: Users can set the colors for bullish (default green) and bearish (default white) candles, as well as the wick color (default white). The horizontal offset and candle thickness can also be adjusted to fit the chart layout.
Dynamic Updates: The candle updates on the last bar, with wicks drawn to reflect the daily high and low, providing a clear snapshot of the day's price movement.
This is the same version as before, but we had to republish it because the chart contained other indicators, which violated the publication rules. We apologize for the inconvenience.
Have a nice trades!
-Natantia
Smart Levels๐ SMART LEVELS - Dynamic Support & Resistance Indicator
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ฏ OVERVIEW
Smart Levels is an advanced support and resistance indicator that automatically identifies and displays the most significant price levels based on historical pivot points. Unlike simple pivot indicators, Smart Levels uses intelligent clustering and weighting algorithms to merge nearby extremums and highlight only the most reliable levels that matter for trading decisions.
This indicator emphasizes identifying key price levels where multiple pivot points converge, creating zones of increased probability for price reactions.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ง HOW IT WORKS
1. PIVOT POINT DETECTION
The indicator scans historical price data to identify pivot highs and pivot lows using configurable left/right bar parameters. Each detected extremum represents a potential support or resistance point where price previously reversed.
2. INTELLIGENT LEVEL CLUSTERING
KEY INNOVATION: Instead of drawing a line at every pivot point, Smart Levels uses an ATR-based clustering algorithm to merge nearby extremums into consolidated levels.
โข Extremums within a specified percentage of ATR are grouped together
โข The level price is calculated as a weighted average of all contributing pivot points
โข This eliminates visual clutter and focuses on truly significant zones
3. TOUCH-BASED LEVEL RANKING
Levels are ranked by the number of pivot points (touches) that contributed to them:
โข 5+ touches: Strong levels (solid lines, thicker width)
โข 2-4 touches: Moderate levels (dashed lines, standard width)
โข Only levels meeting the minimum touch threshold are displayed
4. LEVEL CLASSIFICATION
Each level is automatically classified based on the types of extremums it contains:
โข ๐ข SUPPORT - Contains only pivot lows (green)
โข ๐ด RESISTANCE - Contains only pivot highs (red)
โข ๐ต MIRROR LEVEL - Contains both highs and lows, indicating a level that has acted as both support and resistance (blue)
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ KEY FEATURES
โจ SMART LEVEL DETECTION
โข ATR-Adaptive Clustering: Automatically adjusts merge zones based on market volatility
โข Configurable History: Look back 50-500 bars to find relevant levels
โข Touch-Based Filtering: Only show levels with minimum confirmation (2-10 touches)
โข Top N Display: Automatically displays the strongest 3-20 levels to avoid clutter
๐ DETAILED PRICE INFORMATION
โข Multi-Line Price Labels: Each level shows ALL contributing pivot prices in a vertical list
โข Labels display the exact historical prices that formed the level
โข Visual classification icons (โ support, โ resistance, ๐ mirror)
โข Labels positioned to the right of current price for clear visibility
๐จ VISUAL CUSTOMIZATION
โข Customizable colors for support, resistance, and mirror levels
โข Automatic line styling based on level strength
โข Optional debug mode showing all detected pivot points
โข Highlight feature that marks which extremums contributed to displayed levels
๐ REAL-TIME UPDATES
โข Levels recalculate on every bar for dynamic adaptation
โข Lines extend into the future for forward-looking analysis
โข Information table shows current ATR, merge zone, and level statistics
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ๏ธ INPUT PARAMETERS
EXTREMUM DETECTION
โข Bars Left (7) - Number of bars to the left for pivot detection (2-20)
โข Bars Right (7) - Number of bars to the right for pivot detection (2-20)
โข Lookback History (200) - How many bars back to analyze for levels (50-500)
LEVEL SETTINGS
โข Merge Percent (0.8% ATR) - Maximum distance to cluster extremums (0.2-3.0%)
โข Minimum Touches (2) - Minimum pivot points required to display a level (2-10)
โข Maximum Levels (10) - How many top levels to display (3-20)
VISUAL OPTIONS
โข Support Color (Green) - Color for support levels
โข Resistance Color (Red) - Color for resistance levels
โข Mirror Color (Blue) - Color for mirror levels
โข Show Debug Pivots - Display all detected pivot points
โข Highlight Used Extremums - Mark extremums that form displayed levels
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ HOW TO USE
BASIC SETUP
1. Add the indicator to your chart (works on any timeframe)
2. Start with default parameters and observe the detected levels
3. Adjust "Minimum Touches" to filter more/less levels
4. Tune "Merge Percent" based on your timeframe and instrument volatility
TRADING APPLICATIONS
1. Entry Timing: Watch for price reactions at identified levels for potential entry points
2. Stop Loss Placement: Place stops beyond strong levels (5+ touches)
3. Target Selection: Use the next significant level as a profit target
4. Breakout Confirmation: Monitor for decisive breaks of strong resistance/support levels
5. Mirror Level Strategy: Blue levels that flip from support to resistance (or vice versa) can provide high-probability setups
INTERPRETATION TIPS
โข Solid thick lines (5+ touches) = Extremely reliable levels with strong historical significance
โข Dashed lines (2-4 touches) = Valid levels but with less confirmation
โข Mirror levels (blue) = Highest probability zones as they've worked in both directions
โข Check the price labels to see the exact historical prices that formed each level
RECOMMENDED SETTINGS BY TIMEFRAME
โข Scalping (1m-5m): Lookback 100-150, Merge 0.5-0.8%, Min Touches 2-3
โข Intraday (15m-1h): Lookback 150-200, Merge 0.8-1.2%, Min Touches 3-4
โข Swing (4h-1D): Lookback 200-300, Merge 1.0-1.5%, Min Touches 3-5
โข Position (1D-1W): Lookback 300-500, Merge 1.5-2.0%, Min Touches 4-6
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ DEBUG FEATURES
Enable the debug options to understand how the indicator works:
โข Show Debug Pivots: Displays small triangles at all detected pivot points (faded)
โข Highlight Used Extremums: Bright colored triangles show which pivots contributed to displayed levels
โข Info Table: Shows current ATR, merge zone size, number of detected extremums, and active levels
These features help you fine-tune parameters and understand why certain levels appear or disappear.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โก TECHNICAL DETAILS
โข Version: Pine Script v5
โข Overlay: Yes (draws directly on price chart)
โข Maximum Lines: 50 (configurable limit)
โข Maximum Labels: 50 (configurable limit)
โข ATR Period: 14 bars (standard volatility measurement)
โข Calculation Method: Weighted average of clustered pivot points
โข Update Frequency: Every bar (dynamic recalculation)
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ก WHAT MAKES THIS INDICATOR ORIGINAL
1. INTELLIGENT CLUSTERING ALGORITHM
Unlike basic pivot indicators that draw every level, Smart Levels uses ATR-adaptive clustering to merge nearby extremums, highlighting only the most significant zones
2. DETAILED PRICE HISTORY
Multi-line labels show ALL historical prices that formed each level, providing transparency about level formation
3. DYNAMIC STRENGTH VISUALIZATION
Automatic line styling (solid vs dashed, thickness) based on level confirmation strength
4. MIRROR LEVEL DETECTION
Identifies zones that have acted as both support AND resistance, which are statistically more reliable
5. REAL-TIME ADAPTATION
Continuous recalculation ensures levels remain relevant as new price action develops
6. VISUAL DEBUGGING SYSTEM
Comprehensive tools to understand level formation and tune parameters effectively
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ IMPORTANT NOTES
โข This indicator identifies historical support/resistance zones - it does NOT predict future price movements
โข Always combine with other forms of analysis (trend, volume, fundamentals) for trading decisions
โข Levels can break - use proper risk management and stop losses
โข Higher timeframes generally produce more reliable levels
โข On first load, the indicator needs leftBars + rightBars bars to detect the first pivots
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ METHODOLOGY BACKGROUND
This indicator implements a clustering-based approach to support and resistance analysis, which emphasizes:
โข Identifying price levels where multiple extremums converge
โข Focusing on the strongest, most tested levels rather than every minor pivot
โข Using historical price behavior to anticipate future support/resistance
โข Combining level analysis with proper risk management and position sizing
The clustering approach ensures that levels represent genuine zones of supply/demand accumulation rather than isolated price spikes, making them more reliable for trading decisions.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
ZeeshanAsgharDetects Doji candles and marks them with a โDโ above the bar. Adjustable body-to-range precision threshold to fit different symbols and timeframes.
powell's key openskey open levels that powell teaches and uses
6 pm, 12 am and 10 am EST opening pricing
A2Z Session First Candle High/LowThis indicator plots the High and Low of the 1st 1 minute candle of any underlying.
MultiAlgo - ScoutMultiAlgo Scout is a helper tool that shows you when market conditions are favorable and when you should stay patient. It is built to support the MultiAlgo system and works for both long and short trading.
What it helps you do:
Filter the current trend so you know if you should focus on longs or shorts
Highlight potential entry candles and continuation candles
Mark swing points and structure zones that matter for decision making
Dynamically show areas where you can place your stop loss based on volatility
Scout does not give buy or sell signals. It gives you clean visual guidance so you can make your own trading decisions with more confidence and consistency.
[AutoZone_mrkim]- Use wisely
- The indicator will automatically draw the Order Block zone for each timeframe
- It will change color if a zone is broken out
- Each timeframe will have different zone levels depending on the timeframe used
Trap Candle ThorenFXThis tool identifies Trap Candles by combining swing structure, bias shifts, and momentum shifts. The indicator evaluates recent highs and lows to define directional bias, tracks consecutive momentum candles using a custom AO-based sequence, and triggers signals only when the trend bias flips and momentum contradicts the prevailing direction.
The script uses a 20-candle swing lookback to detect the most recent Highest High and Lowest Low. When the market touches these swing extremes, the bias is updated (bullish or bearish). After a bias is confirmed, the indicator waits for a sequence of momentum candles in favor of the trend and then looks for an opposing candle to identify a trap.
Trap signals are only valid if they occur away from current swing extremes, filtering noise and late entries.
BUY Signal logic
Price touches a swing Low to set bullish bias
A minimum sequence of green momentum candles forms
First red momentum candle after the sequence triggers a BUY trap
Signal only prints if the swing Low is not hit again
SELL Signal logic
Price touches a swing High to set bearish bias
A minimum sequence of red momentum candles forms
First green momentum candle after the sequence triggers a SELL trap
Signal only prints if the swing High is not hit again
A compact table display highlights the latest active signal for quick visualization.
How to use
Use in trending or post-liquidity grab environments
BUY traps indicate potential bearish exhaustion followed by bullish reversal
SELL traps indicate potential bullish exhaustion followed by bearish reversal
Combine with structure confirmation and lower-timeframe entry techniques
Works best when aligned with swing bias and momentum context
Avoid signals that form directly at swing extremes; this filter is already built-in but additional confluence improves reliability
No indicator is 100% accurate โ itโs all about understanding the logic behind the signals.
Breakout ScannerThis is a Breakout Scanner that shows you the immediate trend across 4 higher timeframes for up to 10 different tickers. It calculates a score from 1 to 3 for bullish and -1 to -3 for bearish based on where price is currently at compared to the previous higher timeframeโs candle levels.
When price is breaking out of the previous higher timeframe candleโs range, then it will have a score of 3 for bullish breakout or -3 for bearish breakout. When price is above the high or below the low of multiple different higher timeframe candles, you can expect price to continue the breakout and move to a new area of price range.
The brighter red or green the color is, the stronger the trend is on that timeframe. When it shows a bright green or red box on the far right side of a ticker, it is notifying you that the ticker is bullish or bearish on all timeframes and trending strongly, so switch over to that chart and look to trade in the direction of that trend.
The tickers, colors and time frames can be customized to suit your preference and you can also turn off as many tickers or time frames as youโd like if you want less tickers or time frames to show up on the indicator. It also includes alerts for when all timeframes are bullish or all timeframes are bearish for one ticker.
Make sure to keep each timeframe set to a timeframe that is higher than your chart timeframe.
Bullish Scoring & Colors
If the current candle close is above the midline of the higher time frame candle, it is given a score of 1 and a dark green background. If the current candle close is above the higher timeframe candle body, then it is given a score of 2 and a medium green background. If the current candle close is above the high of the higher time frame candle, it is given a score of 3 and a bright green background.
The higher the score the stronger the bullish trend and the brighter green the color will be.
Bearish Scoring & Colors
If the current candle close is below the midline of the higher timeframe candle, it is given a score of -1 and a dark red background. If the current candle close is below the higher timeframe candle body, then it is given a score of -2 and a medium red background. If the current candle close is below the low of the higher timeframe candle, it is given a score of -3 and a bright red background.
The lower the score, the stronger the bearish trend and the brighter red the color will be.
Total Score Display
On the right side of the indicator table, there is a column that displays the total score by adding all the scores together so you can easily tell the overall strength of the trend across all timeframes. Wait for the trend score to be at least 75% of the possible score to trade so you can ensure you are only trading very strong trends and increase your probability of winning your trade. The total score will update according to how many time frames you have enabled in the settings. You can also turn on or off the total score count if you prefer. The default setting is off.
All Timeframe Trends Agree
When all of the timeframes that you have turned on are in the same direction at the same time, a green or red box will appear on the far right side of the scanner. This is a visual cue that lets you know the strongest trending markets without having to read any of the numbers. Make sure to check out the charts for the markets that have a green or red box on the far right side and look for potential trend trading opportunities.
Alerts
You can set alerts for when all time frames for a certain ticker are bullish or bearish. If you have some time frames turned off at the time of creating your alerts, then it will only require all time frames that are on to be all bullish or bearish to generate an alert. Make sure to set your alerts to once per bar close to ensure you donโt get premature alerts that arenโt yet valid.
Best Way To Use The Scanner
For best results, make sure you wait for the trend to show all bullish or all bearish at the same time and then look to trade in the direction of the strong trend. If you can be patient enough to do that, you will increase the probability of winning your trade because you are trading with the direction of the overall higher timeframe trend when the market is trending strongly and making new highs or lows.
When one of the markets in the scanner shows all timeframes trending, go to that chart and see how price action is reacting to the previous higher timeframe candle levels. You can see those levels easily by adding our Higher Timeframe Candle Levels indicator to your chart and using the same timeframes as your Breakout Scanner is using.
If price is holding the higher timeframe candle levels well, then look to place trades in the direction of the trend that the Breakout Scanner is showing.
Other Indicators To Pair This With
Use this in combination with our Higher Timeframe Candle Levels indicator so you can see all of these levels being used to calculate the trend strength scores and watch how price reacts to those levels. You should also use our Trend Strength Indicator to easily read the historical trends of price compared to the higher timeframes and use those trends to guide you on when to trade and which direction to trade.
Trend Strength Indicator, Higher Timeframe Candle Levels and the Breakout Scanner all use the same levels to calculate the trend scores so they are designed to work all together to help you quickly be able to read a chart and find what direction to trade in.
