Daily Open Horizontal LineThis script draws a horizontal line that starts in the daily open (00:00 UTC)
Basically I did this since lots of times price come back down/up to the daily open and then bounces, meaning we can take trades based on this.
Hope you enjoy it.
PD: Took the code from infernix, all the credits to him, I know shit about coding.
Infernix TDV Profile: tradingview.com/u/infernixx
Titik Pivot
Pivot High/Low Analysis & Forecast [LuxAlgo]Returns pivot points high/low alongside the percentage change between one pivot and the previous one (Δ%) and the distance between the same type of pivots in bars (Δt). The trailing mean for each of these metrics is returned on a dashboard on the chart. The indicator also returns an estimate of the future time position of the pivot points.
This indicator by its very nature is not real-time and is meant for descriptive analysis alongside other components of the script. This is normal behavior for scripts detecting pivots as a part of a system and it is important you are aware the pivot labels are not designed to be traded in real-time themselves
🔶 USAGE
The indicator can provide information helping the user to infer the position of future pivot points. This information is directly used in the indicator to provide such forecasting. Note that each metric is calculated relative to the same type of pivot points.
It is also common for analysts to use pivot points for the construction of various figures, getting the percentage change and distance for each pivot point can allow them to eventually filter out points of non-interest.
🔹 Forecast
We use the trailing mean of the distance between respective pivots to estimate the time position of future pivot points, this can be useful to estimate the location of future tops/bottoms. The time position of the forecasted pivot is given by a vertical dashed line on the chart.
We can see a successful application of this method below:
Above we see the forecasted pivots for BTCUSD15. The forecast of interest being the pivot high. We highlight the forecast position with a blue dotted line for reference.
After some time we obtain a new pivot high with a new forecast. However, we can see that the time location of this new pivot high matches perfectly with the prior forecast.
The position in time for the forecast is given by:
x1_ph + E
x1_pl + E
where x1_ph denotes the position in time of the most recent pivot high. x1_pl denotes the position in time of the most recent pivot low and E the average distance between respective pivot points.
🔶 SETTINGS
Length: Window size for the detection of pivot points.
Show Forecasted Pivots: Display forecast of future pivot points.
🔹 Dashboard
Dashboard Location: Location of the dashboard on the chart
Dashboard Size: Size of the dashboard on the chart
Text/Frame Color: Determines the color of the frame grid as well as the text color
Multi Range VWAP PivotsMulti Range VWAP Pivots turned out to be one of my most accurate pivot indicators to date!
Multi Range VWAP Pivots works by recognizing the high and low of the timeframe selected (D, W, M, 6M, and 12M) and plotting range high to VWAP averages and range low to VWAP averages.
After further examination of each completed range, I came to the conclusion that due to the nature of averages, high and low respectively would need to be completed within the current range, for the averages to actually display pivots correctly. This means that if all averages appear to be "pivoting" correctly after or during a break lower of higher, then we can only assume the most recent break higher or lower could be exhaustion and price will be reverted to the mean (VWAP). OR, this could be the most accurate hindsight indicator on the planet.
*DISCLAIMER*: This indicator repaints. DO NOT backtest or set alerts with this indicator.
quarter level dinamicLimited quarter level script but more flexible in compared to my FX script, same logic behind
Multi ZigZagI created this as basis for my next scripts. We are just trying to plot multiple zigzags with different length basis here. Input allows you to select different Length , Width , Color and Line Style for each Zigzags.
Max_pivot_size says how many pivots each Zigzag can have. Value 100 means, each zigzag will show 99 lines joining 100 points.
Additional option ShowStatsTable allows you to print pivots in a table. Table only shows selected zigzags.
High/Low Anchored VWAPHigh/Low Anchored VWAP simply plots an Anchored VWAP at High and Low, within a set range (D,W,M) , with a central "Basis" plot of the High and Low anchored VWAPs
*DISCLAMER* This indicator repaints. DO NOT set alerts or backtest using this indicator.
quarter level 0.5 to 2.0This script could help to see edged level for a reverse on forex, not for yen pairs and is based on quarter and round number theory.
I suggest to use it on H4 timeframe or lower to have a confermation on support or resistance level.
ZigZag SupertrendBack to my favourite supertrend. But, this time on the basis of zigzag pivots.
This is similar to forming supertrend based on pivot high lows - but instead of using pivot poitns, we are using zigzag pivots here.
Zigzag is derived using the same method as this script:
But, have removed labels and display options of zigzag. Older lines are also immediately deleted so that it can work well in lower timeframes without any error. Number of zigzaglines to be kept in memory depends on the parameter History
WaitForConfirmation option when selected only considers the confirmed zigzaglines and will ignore present zigzag line which is forming. This is not going to make much difference as the present zigzag line will be always opposite to low or high it formed and hence will not affect the stop loss levels or reversals.
WaitForClose is for supertrend determination. When checked uses close prices. If unchecked uses highs and lows for supertrend direction update.
ATR parameters allow you to set an adjustment below pivot high lows. This is required because support and resistence are often zones rather than single point. Hence, adds bit more wiggle room for trend continuation and delays frequent reversals on pullbacks.
SD - Average True Range v5 - DoubleSD - Average True Range - Daily Weekly Monthly Yearly v5
It gives ATR intervals as 4 hours, daily, weekly, monthly and yearly. The expectation is to fill the ATR targets within the specified ranges. It can be used to determine target points on charts with a clear direction on the train.
Unlike the previous version, it is provided to use 2 different periods in the same indicator.
Note: Developed based on the source codes of the original SD ADR indicator.
ZigZag ChannelThis is recreation of Donchian Channel - Pivot High Low indicator present here:
But, instead of traditional pivot high lows, this is based on pivots created from zigzag indicator.
This indicator is created on top of existing Zigzag indicator using lines array:
Parameter HighLowLength refers to number of zigzag lines back which can be used to calculate top and bottom of donchian channel.
PriceCatch Opensource CPRHi Friends & TradingView community.
Greetings to you.
Some traders like to use Central Pivot Range (CPR) in their chart for assessing price movement. It is usually used in combination with Pivot Levels.
Calculating CPR is a simple matter. There a few CPR scripts in the Public Library, but have the code hidden. I thought there may many users who may want to know how CPR is calculated and study it for use in their own scripts. So, here is the CPR script with the code. Use it as you please.
Note: CPR is plotted only on intra-day time-frames.
The light magenta (band) range is current day CPR.
The light blue (band) range is tomorrow's CPR projected for you today itself based on current day's price action and range.
Queries / feedback welcome.
All the best.
PS: The script is developed to the best of my ability and as with all indicators, you have to decide if it might be useful to you when adding to your chart.
Divide4 V3This script is specially developed for the reference of Crude Palm Oil Futures (CPO) market traders.
Before using this script, traders need to know a few important things, namely:
1. Use of this script is limited to the Crude Palm Oil Futures (CPO) market only;
2. The appropriate time-frame for the purpose of using this script is a small time-frame, i.e. 1 minute to 5 minutes;
Procedures for using indicators.
1. Once the market opens, change the time-frame to 1 minute;
2. The line on the trading day will only be known after the first candle is completed, i.e. at 10.31 am;
3. Then, you can key in order if you want;
4. Let the 1 minute time-frame remain until 11 a.m. Then, you can change a larger time-frame such as 3 minutes or 5 minutes if desired.
Entry.
1. The recommended Max Entry is once Long and once Short only on the same day;
2. If the first Entry reaches Profit Target, it is not recommended to make an Entry for the second time;
3. If the first Entry is about Stop Loss, the second Entry is recommended as opposed to the first Entry.
For example, if the first Entry is Long, but does not reach Profit Target, otherwise it is about Stop Loss, then the recommended second Entry is Short, even though the price is about Entry for Long.
Long.
1. Traders can only make a purchase when the market price hits the blue line;
2. If traders hold a long position, traders can make a sale to close the long position when the price hits the green or purple line closest to the blue line;
3. On the other hand, if the price goes down again after a buy is made, traders need to make a sale to close the buy position when the price goes down to hit the white line closest to the blue line.
Short.
1. Traders can only make a sale when the market price hits the yellow line;
2. If traders hold a short position, traders can make a purchase to close the short position when the price hits the green or purple line closest to the yellow line;
3. On the other hand, if the price rises again after the sale is made, then traders need to make a purchase to close the selling position when the rising price hits the white line closest to the yellow line.
CPR - Daily, Weekly, Monthly and Yearly by [GSY]
This is a multi-time frame scripts for CPR .
Script draws the CPR ( TC , BC , CP), Support and Resistances (R1, R2, R3, S1, S2, S3) for Daily, Weekly, Monthly
What makes it convenient?
1. All these values are drawn on the chart for different time frames. This gives a very good visual representation of the stock behavior..
2. The settings dialog is very well organized
3. Easy selection/deselection of CPRs and pivots for different time frames
This script can be used along with another script “CPR Width Histogram for Selected timeframe by GSY” to understand the stock behavior.
Bybit Futures ShortsThe whales love to short! This indicator emulates a strategy used by institutions to find short entries. It is designed for use on the Bybit exchange 4hr futures contracts but can be used on any timeframe on any Bybit contract. This is a great way to short with the whales. Please note this only works with Bybit.
Below is an example on 4hr chart:
Below is an example on 1hr chart:
Below is an example on Daily chart:
Good Luck!
Volume Profile / Fixed RangeHello All,
This script calculates and shows Volume Profile for the fixed range . Recently we have box.new() feature in Pine Language and it's used in this script as an example. Thanks to Pine Team and Tradingview!..
Sell/Buy volumes are calculated approximately!.
Options:
"Number of Bars" : Number of the bars that volume profile will be calculated/shown
"Row Size" : Number of the Rows
"Value Area Volume % " : the percent for Value Area
and there are other options for coloring and POC line style
Enjoy!
Pivot Weighted Moving AveragePivot points often act as magnets for price action. The Pivot Weighted Moving Average takes those important levels and integrates them as a weighting function into a moving average. Users can choose the level of weighting they would like to use; the higher the weighting level, the more influence the pivot points will have on the moving average. The Pivot Weighted Moving Average is a great tool for determining trend direction and for signaling dynamic support and resistance levels.
Exchange PivotsPivot points from 4 different Markets:
DailyPivot: BYBIT:BTCUSD
AsiaPivot: OKCOIN:BTCUSD
ForexPivot: FOREXCOM:BTCUSD
TradestationPivot: TRADESTATION:BTCUSD
Margin Buying Pressure Zones Longs & ShortsShows the Margin Pressure Zones for longs and shorts Longs & Shorts based on 2 Base prices to be configured by you.
For definition of "Margin Pressure Zones" see: www.investopedia.com
Multi Pivot Points - All in One IndicatorThis multi pivot indicator allows you to plot and overlay different types of pivot points:
-Fibonacci
-Floor Traders
-Camarilla
In addition to this, you can plot pivots from two different timeframes of your choice, for example the daily & weekly pivots, monthly & yearly, etc.
-You can select the linestyle, width and color of each pivot type for easy recognition of levels.
-You can choose to show only the current set of pivots or you can show the historical levels too.
This indicator allows traders to search for high probability targets or support and resistance zones via the confluence of both different pivot types and timeframes. These levels can work for either day traders or longer terms traders.
In the case of Fibonacci levels these can be chosen in the menu.
Enjoy!!
TFi Price Action Resampling Filter V1 - FULLThe script is resampling the price based on its range/price-action and creates an alternative filter to smoothen price movements.
Overview of features:
Optional stop-loss
Optional flags to control the position entry
Optional flags to control the position exit
Built-in backtesting engine with start balance, position size and pyramiding; each year will be evaluated separately
Inputs for a percentage entry and exit slippage, entry/exit and daily funding fees
Configurable alerts, which follow the exact position of the entry/exit marker
Alert messages contain predefined trading instruction to execute orders via Alertatron or TradeFab's proprietary trading server, or can be defined by the user
The script renders a performance/status table, which shows the current position status and result of the built-in trading simulation results.
It shows the following statistic values:
Current position PnL - also background turns green if position is in profit and red if in loss
Average entry price and number of positions
Current percentage distance to the optional stop-loss level
Current Maximum Draw Down
Number of wins and losses and the win/loss ratio per year and overall
Profit and loss amount, paid fees per year and overall
Profit-ratio and Maximum Draw Down per year and overall
Balance and ROI per year and overall
CHAMELEON V3=================
CHAMELEON:
V3 update contains more accurate conditional logic filtering
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A price action candle color changing indicator which adds valuable chart information on all timeframes and currency pairs AFAIK.
CHAMELEON changes the colors of the bars based on mathematical sequencing in order to identify trends and relationships between price action. This indicator suggests trade setup ideas with an acceptable probability of success especially if another filter is used such as the time resistant principles of Supply and Demand.
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COLOR LEGEND:
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MAROON candles can be excellent signals for a SHORT entry. They often act as range markers before a tradeable move down as shown, but also usually are the local top from which price recedes from quickly
FOREST GREEN candles indicate that the price is in an up trend.
RED candles indicate that the price is in an up trend.
YELLOW bars are a useful trigger to close SHORTS. They are also the first condition needed in order for a confirmed trend reversal up to be detected.
GREEN TRIANGLE UP shapes below the candle confirm the trend reversal up which was highlighted by the yellow candle.
RED TRIANGLE DOWN shapes above the candle suggests that the trend is not so strong and the stop loss should be moved up to a tighter position.
ORANGE candles help establish a local range.
ORANGE candles with a golden cross provide a clue of the direction, but are not strong enough indicators to take a trade on.
OLIVE bars are a useful trigger to close LONGS, in order to get a better entry at a lower price near to local resistance level .
MAGENTA candles help establish a local range. Unlike the ORANGE ones, these usually occur at the bottom of price structure.
TEAL Candles, indicate a High in a sequence of 5 candles. They predict a downside reversal of 1-3 bars. This is not usually an entry candle, but a possible LONG exit until the trend is clear again.
SEA GREEN candles indicate that the UP trend is weak.
GRAY signifies NO trend.
MAROON TRIANGLE DOWN shapes below the center of candle body indicates there is momentum to the downside. Use this as a filter to discourage LONG entries and also for a SHORT entry since this is a strong signal.
GREEN TRIANGLE UP shapes above the center of candle body indicates there is momentum to the upside. Use this as a filter to discourage SHORT entries.
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SETTINGS and ALERTS:
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There is a BAR 2 BAR Relationship setting which displays whether there is a simple relationship between the current bar and the previous. Bars with no Bar2Bar triangle have no relationship. So the info here would be no trend relationship, which is useful because it's not mathematically possible for a trend to start without there being a BAR 2 BAR in that direction first. Since the measurement is so short term, you wouldn't use a B2B in isolation.
The indicator has alert conditions set for the possible ENTRY candles, so you can wait for the GREEN candles on the timeframe you prefer and leave the charts until it arrives. The indicator has been tested on some FOREX markets and BTC and ETH and stands up well across all the usual timeframes.
NVME Breakout DetectorMain Description:
NVME Breakout Detector is an indicator designed for breakout traders that helps those traders simplify trading through saving their time by automatically finding appropriate high and low zones on the chart for the trader. The indicator also provides the user with alerts of newly printed zones and zones that were broken through giving a trader the confirmation to stay in a trade longer or perhaps to find a new trade position following the trend that is shown.
How To Use It?
This is a beginner and user friendly indicator that is simple to follow, firstly the user should add this script on to their charts, secondly they will see 2 generated zones (the high being in red and the low being in green), once the user identifies those zones, the user should wait for price to close past those zones to get the idea that price may want to continue in that direction.
Settings:
Use Higher Accuracy Method - This will add another condition into the zone detection algorithm causing the indicator to detect less zones but these zones will be better for accuracy.
Use Bar Close - This will add another condition into the breakout calculator and alerts, which will force the indicator to wait for the bar to close before any confirmations can take place.
Show Breakout History - This will print all the previous zones and labels for the asset you are on.
Show Breakout Labels - This will show the breakout labels next to each zone and allow the user to see how many times that zone has been broken through or if it hasn't been broken through.
Supported Assets: All Assets Supported
Will This Come With Other NVME Scripts? Yes
High Low POCGet centre point of highest high and lowest low from defined number of bar .
if POC above sma and price above POC then enter long .
if POC below sma and price below POC then enter short .
