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Candlestick analysis

Change % Inteligente - NQ / ES / YMTopstep Compliance: Daily Price Change % Alert (NQ / ES / YM) Script Purpose This script helps funded traders (especially those using Topstep or similar programs) monitor the real-time percentage change of major equity index futures: Nasdaq (NQ), S&P 500 (ES), and Dow Jones (YM). ⚠️ Why it matters Topstep prohibits trading within 2% of the daily price limits set by the CME. If a trader holds a position too close to those limits, they risk account disqualification. 📊 How it works • Detects the instrument: NQ1!, ES1!, YM1!, or M2025 contracts • Calculates the real-time % change from today’s market open • Simulates daily CME price limits (+7% / -7%) • Highlights when price enters the last 2% of the limit range (prohibited zone) • Displays a clean, floating panel with the current % change and a warning if necessary • Sends a visual and optional audio alert when in the prohibited zone 🧠 What makes this script unique? This tool is **not for technical analysis**. It focuses exclusively on **funding program compliance** and **account protection**, which is not covered by other public scripts. It’s lightweight, intuitive, and designed for traders who manage risk like professionals. ✅ Open-source and ready for review. ✅ CHART SETUP FOR PUBLICATION ✔️ Use a clean chart ✔️ Only apply this script ✔️ Make sure the panel is visible (top-right or top-center recommended) ❌ No extra indicators or drawings ✔️ Use NQM2025, ESM2025 or YMM2025 on a volatile day (to show -1% to -3% range) INSTRUCTIONS 1. Add the script to your chart. 2. Use it with NQ1!, ES1!, or YM1! (or M2025 contracts). 3. The panel will show today’s price change %. 4. If the market is within the last 2% of the CME price limit, a warning will appear. 5. Use this to avoid violating Topstep’s trading rules during volatile days.
Penunjuk Pine Script®
oleh JuanmaProfessionalTrader
NakInvest - 123 (Bullish & Bearish U-Pattern)📘 Description: U-Shape 123 (Bullish & Bearish Identifier) This indicator helps you identify the 123 reversal pattern, a powerful yet simple price action setup taught by renowned Brazilian trader Stormer. I learned this pattern from Lucas Nakata, founder of NakInvest, who was a student of Stormer. Stormer has popularized and refined this setup in the Brazilian trading community, especially for identifying U-shaped reversals that precede strong directional moves. ⸻ 🔎 What is the 123 Pattern? The 123 pattern is a 3-candle formation used to spot bullish or bearish reversals. It forms a “U” or inverted “U” shape and is based purely on candlestick structure — no indicators or lagging signals. There are two versions: ✅ Bullish 123 (“U” pattern) • Candle 1: Red candle with a large body (selling pressure). • Candle 2: Small candle of any color (pause or indecision). • Candle 3: Green candle with a body at least 70% the size of candle 1 (strong bullish push). This indicates a potential bullish reversal from a prior downtrend. ❌ Bearish 123 (inverted “U” pattern) • Candle 1: Green candle with a large body (buying pressure). • Candle 2: Small candle of any color (pause or indecision). • Candle 3: Red candle with a body at least 70% the size of candle 1 (strong bearish push). This indicates a potential bearish reversal from a prior uptrend.
Penunjuk Pine Script®
oleh feliperazeek
2
CISD [TradeWithRon]The CISD (Change in State of Delivery) indicator helps traders identify significant price action events by tracking liquidity sweeps and CISD events. It highlights key market structure shifts by marking liquidity levels and failed breakouts, offering insights into potential reversals and breakout confirmations. Features: CISD Detection: Identifies high and low CISD events with customizable display settings. Customizable Display: Users can control how many CISD lines and liquidity lines are shown. Customization: - Adjust the number of CISD and liquidity lines displayed. - Modify the swing length and back-checking period for greater flexibility. - Choose different colors and line styles to match your charting preferences. Use Cases: - Spot traps and reversals. - Identify breakout confirmations. - Enhance market structure analysis. - Combine with other technical indicators for improved decision-making. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (Tradewithron) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future
Penunjuk Pine Script®
oleh yeahronc
Engulfing Candle Indicator with Single AlertEngulfing Candle Indicator with Alerts This custom Pine Script indicator identifies Bullish and Bearish Engulfing Candles on the price chart, which are key reversal patterns. A Bullish Engulfing occurs when a smaller bearish candle is completely engulfed by a subsequent bullish candle, signaling a potential upward trend. Conversely, a Bearish Engulfing happens when a bullish candle is engulfed by a following bearish candle, indicating a possible downward trend. The indicator highlights these patterns on the chart with green arrows for Bullish Engulfing and red arrows for Bearish Engulfing. It also includes an alert system that notifies the user whenever either of these patterns occurs. The script uses an Average True Range (ATR) filter to ensure that the engulfing candles have sufficient size relative to market volatility. Additionally, users can adjust the minimum engulfing size to fine-tune the signal.
Penunjuk Pine Script®
oleh venomdbb
FRACTAL DIMENSIONSFRACTAL DIMENSIONS was created to allow us to properly visualize the higher time frame dimensional data, While remaining on a lower time frame. The Fractal dimensions are basically the higher time frames. Remaining on a lower time frame allows us to get tighter entries and exits. Each dimension is set in a wave degree formation. From primary to sub-minute, depending on the time frame being utilized. These multidimensional wave degrees will be utilized later in the strategy. This indicator was broken off of the whole for the sake of drawing lines. The data here is just for debugging purposes and is not used in the strategy, but yet remains pretty awesome by itself. Fractal dimensions is the foundation of the main strategy to come. Now that we have this data, what are we going to do with it?
Penunjuk Pine Script®
oleh StormbrookFX
1
0900 and 1500 Candle Marker with Rectangles and FibonacciWelcome to the Indicator // This tool is designed to help you analyze stock - crypto - or futures charts on TradingView by marking specific times - 9:00 AM and 3:00 PM (Eastern Time) - with colored rectangles and optional Fibonacci levels. // It is perfect for spotting key moments in your trading day - like market opens or afternoon shifts - and understanding price ranges with simple lines and numbers. // Whether you are new to trading or just want an easy way to visualize these times - this indicator is here to assist you. // // What It Does // - Draws a green rectangle at 9:00 AM and a red rectangle at 3:00 PM on your chart - based on Eastern Time (America/New_York timezone). // - Adds dashed lines inside these rectangles (called Fibonacci levels) to show important price points - like 0.236 or 0.618 of the rectangle’s height. // - Places numbers on these lines (e.g. "0.5") so you can see exactly what each level represents. // - Works on different chart types (stocks - crypto - futures) and adjusts for futures trading hours if needed. // - Is designed to work best on timeframes of 1 hour or shorter (like 1-hour - 30-minute - 15-minute - 5-minute - or 1-minute charts) - where you can see the 9:00 AM and 3:00 PM candles clearly. // - Lets you customize what you see through a settings menu - like hiding some lines or changing colors. YOU MAY NOT MONETIZE ANY PORTION OF THIS CODE. WE ARE ALL IN THIS THING TOGETHER TO WIN. BE A BLESSING ONTO THE WORLD AND GIVE.:)
Penunjuk Pine Script®
oleh patrickamp
1
DT_Sessions TOPDT_Sessions TOP - Powerful Trading Sessions and Key Levels Indicator Description DT_Sessions is a versatile TradingView indicator that displays major trading sessions and important price levels on your chart. It's ideal for traders working in forex, cryptocurrency, and stock markets, helping to visualize critical market information directly on the chart. Key Features: Visualization of major trading sessions: Asian, Frankfurt, London, New York (AM and PM) Previous day high and low (PDH/PDL) tracking Display of key psychological levels for major trading instruments Customizable colors and styles for all indicator elements Flexible timezone management for accurate session synchronization Benefits of Use Enhanced market analysis: Understanding the activity of different trading sessions helps better interpret price movements Trading time optimization: Visual display of the most volatile market periods Key resistance and support levels: Automatic display of psychologically significant price levels Daily extreme monitoring: PDH/PDL help in determining the trading range Supported Instruments The indicator automatically recognizes popular instruments, including: Forex pairs (EUR/USD, GBP/USD, USD/JPY) Cryptocurrencies (Bitcoin, Ethereum) Stock indices (DAX, NASDAQ, S&P 500, EuroStoxx50) Precious metals (XAU/USD) How to Use Add the indicator to your favorite asset's chart Observe the trading session ranges highlighted in different colors Use PDH/PDL lines to identify significant daily levels Pay attention to key psychological levels for your instrument Advanced Settings The indicator offers numerous settings for each session: Enable/disable individual sessions Adjust start and end times for each session Change colors and transparency Configure PDH/PDL display Manage timezones and UTC offset Effective For Scalpers and day traders Long-term investors tracking key levels Algorithmic traders needing session data visualization Beginners studying the impact of trading sessions on market activity DT_Sessions is an essential tool for traders of all levels, providing valuable information about market dynamics and key levels directly on your TradingView chart.
Penunjuk Pine Script®
oleh Yar_pro_trading
Open Vertical Lines [TradeWithRon]This indicator allows traders to draw vertical lines manually or automatically based on the current or specified higher timeframes. It is a versatile tool designed to help users identify and mark significant changes in the market, such as new candle formations, based on a selected or auto-adjusted timeframe. Open Source Features: Timeframe Customization: Users can either manually specify a desired timeframe (e.g., 1-hour, 1-day, etc.) or enable the "Auto" feature, which automatically adjusts the timeframe based on the current chart's timeframe for better alignment with different trading strategies. Customizable Line Style: The vertical line can be drawn in three different styles: Solid, Dashed, or Dotted, giving users the flexibility to choose their preferred appearance for better chart readability. Line Color: Users can select the color of the vertical line with transparency options to match their chart's visual preferences. Auto Timeframe Adjustments: The "Auto Align" option dynamically adjusts the timeframe used for vertical lines depending on the chart's current timeframe. For example, if you’re using a lower timeframe (e.g., 5 minutes), the indicator will automatically switch to a higher timeframe (e.g., 1 hour or daily) to mark vertical lines, ensuring the lines correspond to higher timeframe price action. Vertical Line Placement: A vertical line is placed each time a new candle appears on the chart, marking key moments for the user to analyze market movements. This can be helpful for marking the start of new trading sessions or significant events in the market. How to Use: 1. Apply the indicator to your chart. 2. Configure the preferred timeframe settings (either fixed or auto-align). 3. Customize the line style and color according to your visual preference. 4. The indicator will automatically place vertical lines on the chart when a new candle is formed, based on your selected timeframe.
Penunjuk Pine Script®
oleh yeahronc
Smart Money Template📈 Smart Money Concepts – BOS / CHoCH / Order Blocks / OTE / FVG Version: 1.0 Framework: Pine Script v5 Category: Smart Money / Price Action / Institutional Concepts 🧠 Indicator Overview This indicator is a complete Smart Money Concepts (SMC) toolkit, built to help traders identify institutional activity and market structure shifts using key SMC principles: • BOS (Break of Structure) • CHoCH (Change of Character) • Order Blocks (OB) • OTE Zones (Optimal Trade Entry) • FVGs (Fair Value Gaps / Imbalances) This tool provides visual clarity and high-probability trade zones by automating what professional traders do manually. ⸻ 🔍 Core Features ✅ BOS & CHoCH Detection Automatically detects market structure breaks using HH/LL logic. BOS is highlighted when price breaks significant swing highs/lows. ✅ Order Block Zones Draws boxes around the last bullish/bearish candle before a displacement (impulse move), showing potential institutional OB zones. ✅ OTE Zone Mapping Calculates the Optimal Trade Entry zone between 0.705–0.79 of a price leg using Fibonacci logic. A powerful confluence area when combined with OBs. ✅ Fair Value Gap (FVG) Detects imbalances between candles that often act as magnets for price. Visualizes price inefficiencies for future retests. ✅ Custom Inputs You can toggle any feature on/off for cleaner analysis: BOS/CHoCH, OBs, OTE, and FVGs. ⸻ ⚙️ How It Works 1. Structure Recognition: • The script checks for Higher Highs / Lower Lows to determine trend context. • A BOS/CHoCH label appears when structure shifts. 2. Order Blocks: • A bullish OB is detected when the previous candle is bearish and the current one closes above its high. • A bearish OB is vice versa. 3. OTE Levels: • Based on daily range from high to low. • Highlights 0.705–0.79 as a potential retracement entry zone (optimal sniper entry). 4. FVG Detection: • If there is a gap between candle 3 and candle 1 (current candle), it is marked as an imbalance zone. 🎯 Best Use Cases • Entry confirmations using CHoCH + OB + OTE confluence • Liquidity grabs + FVG retest setups • Institutional trend reversals (AMD cycles) • Smart retracement entries using OTE zones ⸻ 💡 Tips for Traders • Works best on 15m, 1H, 4H, or Daily charts • Combine with liquidity sweep logic, volume profile, or your own strategy for sniper precision • Backtest using BOS + OB + FVG + OTE for high-RR setups ⸻ 🛠️ Upcoming Features (Optional) • Risk:Reward Ratio Tool • Stop Hunt Detection (SSL/BSL) • Volume + Sponsored Candle Filter • Alerts for BOS / OB reaction • SFP Pattern recognition ⸻ Disclaimer: This tool is for educational purposes only and should be used in conjunction with your own risk management and strategy. Not financial advice. ⸻
Penunjuk Pine Script®
oleh David_Viano
Enhanced Range Filter Strategy with ATR TP/SLBuilt by Omotola ## **Enhanced Range Filter Strategy: A Comprehensive Overview** ### **1. Introduction** The **Enhanced Range Filter Strategy** is a powerful technical trading system designed to identify high-probability trading opportunities while filtering out market noise. It utilizes **range-based trend filtering**, **momentum confirmation**, and **volatility-based risk management** to generate precise entry and exit signals. This strategy is particularly useful for traders who aim to capitalize on trend-following setups while avoiding choppy, ranging market conditions. --- ### **2. Key Components of the Strategy** #### **A. Range Filter (Trend Determination)** - The **Range Filter** smooths price fluctuations and helps identify clear trends. - It calculates an **adjusted price range** based on a **sampling period** and a **multiplier**, ensuring a dynamic trend-following approach. - **Uptrends:** When the current price is above the range filter and the trend is strengthening. - **Downtrends:** When the price falls below the range filter and momentum confirms the move. #### **B. RSI (Relative Strength Index) as Momentum Confirmation** - RSI is used to **filter out weak trades** and prevent entries during overbought/oversold conditions. - **Buy Signals:** RSI is above a certain threshold (e.g., 50) in an uptrend. - **Sell Signals:** RSI is below a certain threshold (e.g., 50) in a downtrend. #### **C. ADX (Average Directional Index) for Trend Strength Confirmation** - ADX ensures that trades are only taken when the trend has **sufficient strength**. - Avoids trading in low-volatility, ranging markets. - **Threshold (e.g., 25):** Only trade when ADX is above this value, indicating a strong trend. #### **D. ATR (Average True Range) for Risk Management** - **Stop Loss (SL):** Placed **one ATR below** (for long trades) or **one ATR above** (for short trades). - **Take Profit (TP):** Set at a **3:1 reward-to-risk ratio**, using ATR to determine realistic price targets. - Ensures volatility-adjusted risk management. --- ### **3. Entry and Exit Conditions** #### **📈 Buy (Long) Entry Conditions:** 1. **Price is above the Range Filter** → Indicates an uptrend. 2. **Upward trend strength is positive** (confirmed via trend counter). 3. **RSI is above the buy threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **📉 Sell (Short) Entry Conditions:** 1. **Price is below the Range Filter** → Indicates a downtrend. 2. **Downward trend strength is positive** (confirmed via trend counter). 3. **RSI is below the sell threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **🚪 Exit Conditions:** - **Stop Loss (SL):** - **Long Trades:** 1 ATR below entry price. - **Short Trades:** 1 ATR above entry price. - **Take Profit (TP):** - Set at **3x the risk distance** to achieve a favorable risk-reward ratio. - **Ranging Market Exit:** - If ADX falls below the threshold, indicating a weakening trend. --- ### **4. Visualization & Alerts** - **Colored range filter line** changes based on trend direction. - **Buy and Sell signals** appear as labels on the chart. - **Stop Loss and Take Profit levels** are plotted as dashed lines. - **Gray background highlights ranging markets** where trading is avoided. - **Alerts trigger on Buy, Sell, and Ranging Market conditions** for automation. --- ### **5. Advantages of the Enhanced Range Filter Strategy** ✅ **Trend-Following with Noise Reduction** → Helps avoid false signals by filtering out weak trends. ✅ **Momentum Confirmation with RSI & ADX** → Ensures that only strong, valid trades are executed. ✅ **Volatility-Based Risk Management** → ATR ensures adaptive stop loss and take profit placements. ✅ **Works on Multiple Timeframes** → Effective for day trading, swing trading, and scalping. ✅ **Visually Intuitive** → Clearly displays trade signals, SL/TP levels, and trend conditions. --- ### **6. Who Should Use This Strategy?** ✔ **Trend Traders** who want to enter trades with momentum confirmation. ✔ **Swing Traders** looking for medium-term opportunities with a solid risk-reward ratio. ✔ **Scalpers** who need precise entries and exits to minimize false signals. ✔ **Algorithmic Traders** using alerts for automated execution. --- ### **7. Conclusion** The **Enhanced Range Filter Strategy** is a powerful trading tool that combines **trend-following techniques, momentum indicators, and risk management** into a structured, rule-based system. By leveraging **Range Filters, RSI, ADX, and ATR**, traders can improve trade accuracy, manage risk effectively, and filter out unfavorable market conditions. This strategy is **ideal for traders looking for a systematic, disciplined approach** to capturing trends while **avoiding market noise and false breakouts**. 🚀
Strategi Pine Script®
oleh Forexbros22
1
GQT GPT - Volume-based Support & Resistance Zones V2搞钱兔，搞钱是为了更好的生活。 Title: GQT GPT - Volume-based Support & Resistance Zones V2 Overview: This strategy is implemented in PineScript v5 and is designed to identify key support and resistance zones based on volume-driven fractal analysis on a 1-hour timeframe. It computes fractal high points (for resistance) and fractal low points (for support) using volume moving averages and specific price action criteria. These zones are visually represented on the chart with customizable lines and zone fills. Trading Logic: • Entry: The strategy initiates a long position when the price crosses into the support zone (i.e., when the price drops into a predetermined support area). • Exit: The long position is closed when the price enters the resistance zone (i.e., when the price rises into a predetermined resistance area). • Time Frame: Trading signals are generated solely from the 1-hour chart. The strategy is only active within a specified start and end date. • Note: Only long trades are executed; short selling is not part of the strategy. Visualization and Parameters: • Support/Resistance Zones: The zones are drawn based on calculated fractal values, with options to extend the lines to the right for easier tracking. • Customization: Users can configure the appearance, such as line style (solid, dotted, dashed), line width, colors, and label positions. • Volume Filtering: A volume moving average threshold is used to confirm the fractal signals, enhancing the reliability of the support and resistance levels. • Alerts: The strategy includes alert conditions for when the price enters the support or resistance zones, allowing for timely notifications. ⸻ 搞钱兔，搞钱是为了更好的生活。 标题： GQT GPT - 基于成交量的支撑与阻力区间 V2 概述： 本策略使用 PineScript v5 实现，旨在基于成交量驱动的分形分析，在1小时级别的图表上识别关键支撑与阻力区间。策略通过成交量移动平均线和特定的价格行为标准计算分形高点（阻力）和分形低点（支撑），并以自定义的线条和区间填充形式直观地显示在图表上。 交易逻辑： • 进场条件： 当价格进入支撑区间（即价格跌入预设支撑区域）时，策略在没有持仓的情况下发出做多信号。 • 离场条件： 当价格进入阻力区间（即价格上升至预设阻力区域）时，持有多头头寸则会被平仓。 • 时间范围： 策略的信号仅基于1小时级别的图表，并且仅在指定的开始日期与结束日期之间生效。 • 备注： 本策略仅执行多头交易，不进行空头操作。 可视化与参数设置： • 支撑/阻力区间： 根据计算得出的分形值绘制支撑与阻力线，可选择将线条延伸至右侧，便于后续观察。 • 自定义选项： 用户可以调整线条样式（实线、点线、虚线）、线宽、颜色及标签位置，以满足个性化需求。 • 成交量过滤： 策略使用成交量移动平均阈值来确认分形信号，提高支撑和阻力区间的有效性。 • 警报功能： 当价格进入支撑或阻力区间时，策略会触发警报条件，方便用户及时关注市场变化。 ⸻
Strategi Pine Script®
oleh Tuzi_GQT
Body Percentage of Range (Colored)Short Description: This indicator measures the dominance of the candle's body relative to its total range (High - Low), providing a visual gauge of intra-candle strength versus indecision. Columns are colored based on whether the body constitutes more or less than a defined percentage (default 50%) of the candle's total height. Detailed Description: What it Does: The "Body Percentage of Range" indicator calculates, for each candle, what percentage of the total price range (High minus Low) is occupied by the candle's body (absolute difference between Open and Close). A value of 100% means the candle has no wicks (a Marubozu), indicating strong conviction during that period. A value of 0% means the candle has no body (a Doji), indicating perfect indecision. Values in between show the relative balance between the directional move (body) and the price exploration/rejection (wicks). How to Interpret: The indicator plots this percentage as columns: Column Height: Represents the percentage of the body relative to the total range. Higher columns indicate a larger body dominance. Column Color: Green Columns: Appear when the body percentage is above the user-defined threshold (default 50%). This suggests that the directional move within the candle was stronger than the indecision (wicks). Often seen during trending moves or strong momentum candles. Red Columns: Appear when the body percentage is at or below the user-defined threshold (default 50%). This suggests that wicks dominate the candle (body is 50% or less of the range), indicating significant indecision, struggle between buyers and sellers, or potential reversals. These are common in choppy, consolidating, or reversal market conditions. Orange Line (Optional MA): A Simple Moving Average (SMA) of the body percentages is plotted to help smooth the readings and identify broader periods where candle structure indicates more trending (high MA) vs. ranging/indecisive (low MA) characteristics. Potential Use Cases: Identifying Choppy vs. Trending Markets: Sustained periods of low, predominantly red columns (and often a low/declining MA) can signal a choppy, range-bound market where trend-following strategies might underperform. Conversely, periods with frequent high, green columns suggest a more trending environment. Confirming Breakouts/Momentum: High green columns appearing alongside increased volume during a breakout can add conviction to the move's strength. Spotting Potential Exhaustion/Reversals: A very tall green column after a strong trend, followed immediately by a low red column (like a Doji or Spinning Top pattern appearing on the price chart), might signal potential exhaustion or a pending reversal, indicating indecision has suddenly entered the market. Filtering Entries: Traders might avoid taking entries (especially trend-following ones) when the indicator shows a consistent pattern of low red columns, suggesting high market indecision. Settings: Color Threshold %: Allows you to set the percentage level above which columns turn green (default is 50%). Smoothing MA Length: Adjusts the lookback period for the Simple Moving Average. Disclaimer: This indicator is a tool for technical analysis and should be used in conjunction with other methods (like price action, volume analysis, other indicators) and robust risk management. It does not provide direct buy/sell signals and past performance is not indicative of future results.
Penunjuk Pine Script®
oleh phillipe_batalha
Order Block Candle [TradeWithRon]Order Block Candle This indicator is designed to help traders identify and visualize key movements within the market. These order blocks are areas where significant buying or selling has occurred, often leading to a strong price reaction. This script detects both bullish and bearish order blocks (with volume spike), marking them directly on your chart, and offers a variety of customization options to enhance your trading experience. Features: Bullish and Bearish Candles: Bullish Order Block: Identified when the current price creates a higher high and closes above the previous price, indicating a zone of potential buying activity by institutional traders. Bearish Order Block: Identified when the current price creates a lower low and closes below the previous price, suggesting strong institutional selling. Volume-Weighted Analysis: The indicator allows traders to incorporate volume into the order block detection. When a volume pivot (a significant change in volume) is detected, it strengthens the validity of the identified order block. Customizable Visuals: - Users can adjust the color and style of order block lines, including solid, dashed, or dotted styles, to suit personal preferences. - Bullish Order Block Color: Choose from a range of colors to highlight bullish order blocks (default is green). - Bearish Order Block Color: Choose a color for bearish order blocks (default is red). - Users can also customize the color and style of the lines representing order blocks, helping traders visually track key levels. Candle Body or. Wick: The indicator provides flexibility in defining the price range of the order block. Traders can choose whether to calculate the order block using the candle body (open and close) or the full wick (high and low) to suit their trading strategy. Dynamic Line Extensions: Order block lines are dynamically extended to provide ongoing support and resistance levels. When a price breaks an order block line, the line changes to a dotted style, marking it as "broken." This allows traders to easily spot when the market invalidates an order block. Alerts: - Alert for Bullish Order Block: Get notified when a new bullish order block is detected. - Alert for Bearish Order Block: Receive alerts when a bearish order block is identified. - Alert for Broken Lines: Set up alerts to be notified when a bullish or bearish order block line is broken, giving traders a signal for potential market shifts. Zone Management: - The indicator tracks upper and lower zone information, marking significant price levels where institutional buying or selling might occur. Traders can adjust settings to define how many previous lines should be displayed on the chart for reference. Optional Mitigated Order Blocks: - A feature that highlights mitigated (neutralized) order blocks with a specific color and line style, offering additional insight into market behavior. Input Settings: - Length: The number of bars to the left and right of a pivot point for it to be considered a high or low. - Candle Body: Option to use the candle body for calculations (as opposed to the wick). - Bullish and Bearish Candle Color: Customizable colors for bullish and bearish order blocks. - Open Line Style: Choose between solid, dashed, or dotted line styles for order block visualization. - Removed Old Lines: Control the number of broken lines shown on the chart. - Mitigated Line Style: Select line style for mitigated order blocks. - Volume Use: Enable volume-based detection for stronger order block validation. How to Use: This indicator is ideal for traders looking to trade around institutional support and resistance levels. The bullish and bearish order blocks can serve as key entry or exit points, while broken lines offer dynamic support/resistance that adapt to market changes. Use the alerts to stay informed of critical market developments and adjust your trading strategy accordingly. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (Tradewithron) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future
Penunjuk Pine Script®
oleh yeahronc
Rubotics TDI Top/Bottom Indicator**Rubotics TDI Top/Bottom Indicator (Rubots TDI T/B)** This proprietary indicator integrates several technical analysis tools into one cohesive system to help traders identify potential top and bottom signals directly on the price chart. Unlike standard indicators that merely plot common metrics, this script uniquely fuses a custom moving average algorithm with established oscillators to enhance signal clarity and market timing. **Core Components and Unique Features:** - **Global Visual Settings:** - Easily toggle visual elements (tables, background highlights) that display key metrics and trading setup information. - Provides a detailed on-chart display of strategy data and essential trading parameters. - **MAVW Calculation (Proprietary):** - Computes a series of weighted moving averages using Fibonacci-inspired lengths (3, 5, 8, 13, 21, 34) to generate a dynamic moving average (MAVW). - The MAVW line is color-coded—blue when trending upward, red when trending downward, and yellow when neutral—to offer an immediate visual cue of market direction. - **RSI Module:** - Calculates the RSI on a user-selected price source (default: close) with a customizable period (default: 14). - Adjustable thresholds (default: 45 and 55) allow for fine-tuning of overbought and oversold conditions. - **TDI Component:** - Adapts the RSI into a dynamic channel using a simple moving average and a scaled standard deviation (multiplied by 1.6185) to form upper and lower bands. - Incorporates both fast and slow moving averages (default periods: 2 and 7) with optional band filling to visually highlight momentum changes. - **Note:** The TDI logic is based on public methodologies for converting RSI data into a dynamic indicator. - **WaveTrend Oscillator:** - Uses configurable channel and smoothing parameters to generate a WaveTrend line for additional momentum confirmation. - The oscillator is used to further validate top and bottom signals by identifying overbought or oversold conditions. - **Note:** The WaveTrend calculations are derived from widely available, public-domain techniques. - **Signal Generation:** - **Buy Signal:** Generated when the RSI is below its lower threshold, the TDI fast MA crosses above the lower band (with prior bar confirmation), the price is below the MAVW, and the WaveTrend indicates oversold conditions. - **Sell Signal:** Generated when the RSI is above its upper threshold, the TDI fast MA crosses below the upper band (with prior bar confirmation), the price is above the MAVW, and the WaveTrend signals overbought conditions. - Signals are visually marked on the chart with upward and downward triangles and accompanied by alert conditions. - **Volume-Based Bar Coloring & Additional Visuals:** - Colors price bars based on volume relative to a moving average to highlight the strength of moves. - Provides background color changes and a dynamic table of key metric values (MAVW, RSI, TDI bands, WaveTrend) for real-time analysis. **Customization and Originality:** - Extensive input parameters allow traders to adjust each component to suit their trading style and market conditions. - The unique combination of the proprietary MAVW calculation with traditional RSI, TDI, and WaveTrend elements creates a robust system for detecting market tops and bottoms. - **Closed-Source Justification:** This indicator is published as a closed-source script due to the proprietary enhancements integrated into the MAVW algorithm and signal generation logic. These unique modifications provide added value beyond standard public indicators.
Penunjuk Pine Script®
oleh Rubotics
Currency Strength AnalyzerThis indicator calculates and ranks the strength of eight major currencies (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD) based on a stochastic-based scoring system. It retrieves forex pair data and determines each currency's relative strength using a customized scoring method. Features: Uses stochastic (Stoch) indicators to calculate bullish/bearish strength. Aggregates scores for each currency based on multiple forex pairs. Sorts currencies from strongest to weakest. Displays results in a dynamically updated table. Highlights the strongest and weakest currencies on the chart. This tool helps traders identify potential trends and reversals in the forex market by visually comparing currency strengths in real-time.
Penunjuk Pine Script®
oleh totohero
Box Chart Overlay StrategyExploring the Box Chart Overlay Strategy with RSI & Bollinger Confirmation The “Box Chart Overlay Strategy by BD” is a sophisticated TradingView strategy script written in Pine Script (version 5). It combines a box charting method with two widely used technical indicators—Relative Strength Index (RSI) and Bollinger Bands—to generate trade entries. In this article, we break down the strategy’s components, its logic, and how it visually represents trading signals on the chart. 1. Strategy Setup and User Inputs Strategy Declaration At the top of the script, the strategy is declared with key parameters: Overlay: The indicator is plotted directly on the price chart. Initial Capital & Position Sizing: It uses a simulated trading account with an initial capital of 10,000 and positions sized as a percentage of equity (10% by default). Commission: A commission of 0.1% is factored into trades. Input Parameters The strategy is highly customizable. Users can adjust various inputs such as: Box Settings: Box Size (RSboxSize): Defines the size of each price “box.” Box Options: Choose from three modes: Standard: Boxes are calculated continuously from the start of the chart. Anchored: The first box is fixed at a specified time and price. Daily Reset: The boxes reset each day based on a defined session time. Color Customizations: Options to customize the appearance of boxes, borders, labels, and even repainting the candles based on the current price’s relation to box levels. RSI Settings: Length, overbought, and oversold levels are set to filter trades. Bollinger Bands Settings: Users can set the length of the moving average and the multiplier for standard deviation, which will be used to compute the upper and lower bands. 2. The Box Chart Mechanism Box Construction The core idea of a box chart is to group price movement into discrete blocks—or boxes—of a fixed size. In this strategy: Standard Mode: The script calculates boxes starting at a rounded price level. When the price moves sufficiently above or below the current box’s boundaries, a new box is drawn. Anchored and Daily Reset Modes: These modes allow traders to control where the box calculations begin or to reset them during a specific intraday session. Visual Elements Several custom functions handle the visual components: drawBoxUp() and drawBoxDn(): These functions create boxes in bullish or bearish directions respectively, based on whether the price has exceeded the current box’s high or low. drawLines() and drawLabels(): Lines are drawn to extend the current box levels, and labels are updated to display key levels or the “remainder” (the difference needed to trigger a new box). Projected Boxes: A “projected” box is drawn to indicate potential upcoming box levels, providing an additional visual cue about the price action. 3. Integrating RSI and Bollinger Bands for Trade Confirmation RSI Integration The strategy computes the RSI using a user-defined length. It then uses the following conditions to validate entries: Long Trades (Box Up): The strategy waits for the RSI to be at or below the oversold level before considering a long entry. Short Trades (Box Down): It requires the RSI to be at or above the overbought level before triggering a short entry. Bollinger Bands Confirmation In addition to the RSI filter: For Long Entries: The price must be at or below the lower Bollinger Band. For Short Entries: The price must be at or above the upper Bollinger Band. By combining these filters with the box breakout logic, the strategy aims to enhance the quality of its trade signals. 4. Dynamic Trade Entries and Alerts Box Logic and Entry Functions Two key functions—BoxUpFunc() and BoxDownFunc()—handle the creation of new boxes and also check if trade conditions are met: When a new box is drawn, the script evaluates if the RSI and Bollinger conditions align. If conditions are satisfied, the script places an entry order: Long Entry: Initiated when the price moves upward, RSI indicates oversold, and the price touches or falls below the lower Bollinger Band. Short Entry: Triggered when the price falls downward, RSI signals overbought, and the price touches or exceeds the upper Bollinger Band. Alerts Built-in alert functions notify traders when a new box level is reached. Users can set custom alert messages to ensure they are aware of potential trade opportunities as soon as the conditions are met. 5. Visual Enhancements and Candle Repainting The script also includes options for repainting candles based on their relation to the current box’s boundaries: Above, Below, or Within the Box: Candles are color-coded using user-defined colors, making it easier to visually assess where the price is in relation to the box levels. Labels and Lines: These continuously update to reflect current levels and provide an immediate visual reference for potential breakout points. Conclusion The Box Chart Overlay Strategy by BD is a multi-faceted approach that marries the traditional box chart technique with modern technical indicators—RSI and Bollinger Bands—to refine entry signals. By offering various customization options for box creation, visual styling, and confirmation criteria, the strategy allows traders to adapt it to different market conditions and personal trading styles. Whether you prefer a continuously running “Standard” mode or a more controlled “Anchored” or “Daily Reset” approach, this strategy provides a robust framework for integrating price action with momentum and volatility measures.
Strategi Pine Script®
oleh PineWiseTrading
yatofxDescription: "Ramon Coto's 3 Session Bar Color" Indicator This TradingView Pine Script indicator colors candlestick bars based on three custom trading sessions. It allows traders to visually distinguish different market timeframes on their charts. Features: Three configurable trading sessions with user-defined time ranges. Customizable session colors: Session A → Blue Session B → Red Session C → Lime Enable/disable sessions independently using input toggles. Automatic session detection: Bars are colored based on the active session. Optimized for TradingView Mobile & Desktop with clear and efficient logic. How It Works: 1. User Inputs: The script takes session time ranges and enables/disables each session. 2. Session Detection: The script checks whether the current time falls within any of the defined sessions. 3. Bar Coloring: If a session is active, the corresponding color is applied to the bars. This indicator helps traders quickly recognize which market session they are in, improving decision-making for session-based strategies.
Penunjuk Pine Script®
oleh BWFX22
Breaking Structures (javieresfeliz)This TradingView script is designed to identify market structure changes, using a break of highs and lows approach, as well as technical indicators such as ATR, RSI, and EMAs (Exponential Moving Averages). It is aimed at detecting bullish and bearish trends, signaling possible entry and exit points based on various factors. It also offers additional confirmations to avoid false signals and provides a clear visualization of buy and sell signals. Main Features: Indicators Used: ATR (Average True Range): Used to calculate a volatility range, which helps set stop-loss levels and price targets based on the current market volatility. EMAs (50 and 200): Exponential Moving Averages (EMAs) are used to determine the short-term and long-term trends. The 50-period EMA is used to identify the short-term trend, while the 200-period EMA is used to identify the long-term trend. RSI (Relative Strength Index): Used to identify overbought or oversold conditions in the market, providing additional buy or sell signals. Volume: Used to confirm the validity of a signal. An increase in volume can confirm a structure break and provide more reliability to the signal. Break of Structure Detection (BOS): Bullish Break: Generated when the price surpasses previous highs. Bearish Break: Generated when the price falls below previous lows. Change of Character (CHOCH): Bullish Trend: Defined by a close above the open and above the 50 EMA. Bearish Trend: Defined by a close below the open and below the 50 EMA. Buy and Sell Conditions: Buy (Long): Activated when several conditions are met, including a bullish change of character, a bullish structure break, the price closing above the previous value plus a multiple of the ATR, and additional confirmations from RSI and volume. Sell (Short): Activated when several conditions are met, including a bearish change of character, a bearish structure break, the price closing below the previous value minus a multiple of the ATR, with additional confirmations from RSI and volume. Entry and Exit Signals: Long Entry (Buy): Executed when the buy conditions are met. Short Entry (Sell): Executed when the sell conditions are met. Position Close: Positions are closed when the price crosses below (for long positions) or above (for short positions) the 50 EMA. Historical Highs and Lows Lines: The script draws lines of historical highs and lows from the last 288 and 60 periods to show key support and resistance levels on the chart. Signal Table Across Multiple Timeframes: The script displays a table in the top-right corner of the chart with indicators like the EMA trend, RSI value, and MACD histogram for timeframes of 1 minute, 5 minutes, 30 minutes, 1 hour, 4 hours, daily, and weekly. Precautions: Does not guarantee profits: Although the script is designed to detect structure breaks and possible trend changes, it does not guarantee 100% profitable signals. The market is always subject to risk and unpredictable volatility. Requires adjustments for each asset: Parameters such as ATR length and EMA lengths should be adjusted according to the asset being analyzed and market conditions. Use of additional confirmations: To reduce false signals, the script uses additional confirmations like RSI and volume, but it is always recommended to perform additional analysis before making trading decisions. Changing trends: The change of character (CHOCH) can be a useful indicator, but it can give false signals in highly volatile markets or during prolonged consolidations. Relies on historical data: This script relies on historical data to identify highs and lows. It does not consider fundamental events that may significantly impact the market. Requires constant monitoring: Although the signals are automated, it is important to monitor open positions and make adjustments if market conditions change. Risk of false signals: In low liquidity markets or consolidations, structure breaks can be false, so it’s recommended to pay attention to any additional confirmation signals or use a proper risk management strategy.
Penunjuk Pine Script®
oleh Javieresfeliz