RSI Multi-TimeframeThe Relative Strength Index (RSI) is an extremely useful oscillating momentum indicator that was developed by J. Welles Wilder and is one of the most widely used indicators in technical analysis.
HOW IS IT USED ?
In the classic view, a security is thought to be overbought when its RSI reading is above 70 and oversold when its RSI reading falls below 30. This makes it a good indicator for mean-reversion systems. Wilder recommended using the 70 and 30 levels as overbought and oversold levels respectively. When the RSI moves up over the 30 line it is considered a possible bullish reversal while a move down below the 70 line is considered a possible bearish reversal.
When the RSI is above 70 it is a potential exit signal if you are in a long position and when it is below 30 it is a potential exit signal if you are in a short position. Some traders use extreme readings for entry points in the direction of the long-term trend. Thus, if the long-term trend is bullish, then you'd wait for the RSI to reach oversold territory, which would be a potential entry point for a long position. Conversely, if the long-term trend is bearish, then overbought conditions could be a potential point to short the security.
I added the possibility to add on the chart a 2nd timeframe for confirmation.
If you found this script useful, a tip is always welcome... :)
Cari dalam skrip untuk "30年国债收益率"
Ichimoku Cloud w/SelIchimoku Cloud with selection for:
Regular:
conversionPeriods = 9,
basePeriods = 26
laggingSpan2Periods = 52,
displacement = 26
Crypto:
conversionPeriods = 10,
basePeriods = 30,
laggingSpan2Periods = 60,
displacement = 30
Crypto Doubled:
conversionPeriods = 20,
basePeriods = 60,
laggingSpan2Periods = 120,
displacement = 30
CM_Ultimate RSI Multi Time FrameAvailable Options on Inputs Tab!!!
RSI with ability to change first RSI to a different Time Frame.(Defaults To Current Chart Time Frame).
Ability To Turn On/Off Background Highlighting if First RSI is Above/Below 70 or 30 Lines.
Ability To Turn On/Off Background Highlighting When First RSI Crosses Above 30 Or Below 70.
Ability To Turn On/Off "B" Or "S" When First RSI Crosses Above 30 Or Below 70.
Ability To Turn On/Off Mid -Line Plot.
Option To Plot 2nd RSI to show different Time Frames on same chart!!!
Ability To Use Different Look Back Period If You Plot 2nd RSI.
Opening Range Breakout with 2 Profit Targets.Opening Range Breakout with 2 Profit Targets.
Updated Indicator now works on all Symbols with Many Different Session Options.
***Known PineScript Issue…While the Opening Range is being Formed the lines only adjust for that individual bar. Just reset Indicator after Opening Range Completes.
***All Times are Based on New York Time
Session Options Forex U.S. Banks Open (8:00), Gold U.S. Open (8:20), Oil U.S. Open (9:00), U.S. Cash Session - Stocks (9:30), NY Forex Open (17:00) , Europe Open (02:00), or if you choose Setting 0 the Session Runs from 00:00 to 00:00 (Midnight to Midnight).
***Ability to use 60 minute Opening Range, 30 minute, 15 minute, and many other options.
***However you can manually change the times in the Inputs Tab to adjust for any session you prefer. This is useful for Day Light Savings Adjustments. Also the default times work if your charts are set to EST Time. If you use A different time zone in your settings you need to Adjust the times in the inputs tab.
Initially Opening Range High and Low plot as Yellow Lines. If Price Goes Above Opening Range then Line Turns Green. If Price Goes Below Opening Range Line Turns Red.
By default the First Profit Target is 1/2 the Width of the Opening Range and the 2nd Profit Target is 1 Times the Opening Range. However these are Adjustable in the Inputs Tab.
By Default the Opening Range Length is 1 Hour. However, you can Change the Opening Range Length to 15 min, 30 min, 2 hours etc. in the Inputs Tab.
Plots a 1 Above or Below Candle when 1st Profit Target is Achieved, and a 2 when 2nd Profit Target is Achieved.
Kinetic RSI [Vel + Accel] + AlertsThe Problem with Standard RSI
Most traders use the Relative Strength Index (RSI) to see if a market is "Overbought" (above 70) or "Oversold" (below 30). The problem? A strong trend can stay overbought for days, burning short sellers, or an asset can stay oversold while price continues to crash. Standard RSI tells you where the price is, but it doesn't tell you how hard it is moving.
The Solution: Kinetic RSI
This script reimagines RSI by applying basic physics concepts: Velocity and Acceleration.
Instead of asking "Is RSI below 30?", this indicator asks: "Is RSI below 35 AND did it just make a violent, high-speed turn upwards?"
It filters out lazy, drifting price action and only signals when momentum is accelerating in a new direction.
How It Works (The Math)
Velocity: We calculate the speed of the RSI change (Current RSI - Previous RSI).
Acceleration: We calculate if that speed is increasing (Current Velocity - Previous Velocity).
The Trigger: A signal is only generated if the RSI is in an extreme zone (<35 or >65) AND it has high Velocity AND positive Acceleration.
How to Trade It
1. The "Kick" Signals (Background Highlights)
🟢 Green Background (Bullish Kick): The RSI was low, but buyers stepped in aggressively. The momentum is not just positive; it is accelerating upward. This is often a "V-Bottom" catch.
🔴 Red Background (Bearish Kick): The RSI was high, but sellers slammed the price down. Momentum is accelerating downward.
2. The Line Color
Lime Line: Velocity is positive (Momentum is rising).
Fuchsia Line: Velocity is negative (Momentum is falling).
Usage: If the background flashes Green (Buy Signal), but the line turns back to Fuchsia (Red) a few bars later, the move has failed—exit the trade.
Settings & Alerts
RSI Length: Standard 14 (Adjustable).
Velocity Threshold: Controls sensitivity.
Lower (e.g., 2-3): More signals, catches smaller reversals.
Higher (e.g., 5+): Fewer signals, catches only massive "shocks" to the price.
Alerts Included: You can set alerts for "Bullish Kick," "Bearish Kick," or "Any Kick" to get notified of volatility spikes.
Best Practices
Wait for the Close: This indicator measures the closing velocity. Always wait for the bar to close to confirm the background color signal.
Trend Filtering: This works best as a "Reversal" indicator. If the market is in a super-strong uptrend, ignore the Bearish (Red) signals and only take the Bullish (Green) dips.
Range-Weighted Volatility (Comparable)I wrote an indicator to measure volatility inside a range. It’s extremely useful for choosing a trading pair for grid strategies, because it lets you quickly, easily, and fairly identify which asset is the volatility leader. It measures volatility “fairly” relative to the asset’s trading range, not just by absolute price changes.
For example: if an asset trades in a 50–100 range and over a week it moves many, many times between 52 and 98, then it’s highly volatile. But if another asset trades in a 50–1000 range and makes the same 52–98 moves, its volatility is actually low — because the “weight” of that movement relative to the full range is small. The indicator accounts for this “movement weight” relative to the range, then sums these weights into a single number. That number makes it easy to judge whether an asset is suitable for a grid strategy.
That’s exactly what grids need: not just high volatility, but high volatility within a narrow range.
Settings: the Window (bars) field defines how many bars are used to calculate volatility. On a 5-minute chart, one week is 2016 bars (2460/57). By default, the script calculates over 30 days on 5-minute charts. The script also allows you to set a second symbol for comparison, so you can see both results on the same chart.
Написал индикатор для определения волатильности в диапазоне, очень-очень полезно для выбора торговой пары на гриде, позволяет легко и быстро и честно определить лидера по волатильности, при этом определяет ее "честно", относительно торгового диапазона, а не просто изменения цены.
Например если актив торгуется в диапазоне 50-100 и за неделю много-много раз сходил 52-98, то это очень волатильный актив, и в то же время если актив торгуется в диапазоне 50-1000 и сходил так же 52-98, то это будет низко волатильный актив, т.е. учитывается "вес" движения относительно диапазона и данные "веса" суммируются в одну единую цифру по которой и можно оценивать насколько актив подходит под грид стратегию.
А ведь именно это для гридов и нужно, не просто высокая волатильность, а именно высокая волатильность в узком диапазоне.
Касательно настроек , в поле Windows (bars) задается количество баров по которым скрипт будет считать волатильность, на 5-ти минутки неделя это 2016 (24*60/5*7), стандартно скрипт считает за 30 дней на 5-ти минутки. + в самом скрипте можно указать вторую пару для сравнения чтоб на одном графике увидеть результат.
Victor aimstar past strategy -v1Introducing the ultimate all-in-one DIY strategy builder indicator, With over 30+ famous indicators (some with custom configuration/settings) indicators included, you now have the power to mix and match to create your own custom strategy for shorter time or longer time frames depending on your trading style. Say goodbye to cluttered charts and manual/visual confirmation of multiple indicators and hello to endless possibilities with this indicator.
What it does
==================
This indicator basically help users to do 2 things:
1) Strategy Builder
With more than 30 indicators available, you can select any combination you prefer and the indicator will generate buy and sell signals accordingly. Alternative to the time-consuming process of manually confirming signals from multiple indicators! This indicator streamlines the process by automatically printing buy and sell signals based on your chosen combination of indicators. No more staring at the screen for hours on end, simply set up alerts and let the indicator do the work for you.
Opening Range Breakout with VWAP & RSI ConfirmationThis indicator identifies breakout trading opportunities based on the Opening Range Breakout (ORB) strategy combined with intraday VWAP and higher timeframe RSI confirmation.
Opening Range: Calculates the high, low, and midpoint of the first 15 or 30 minutes (configurable) after your specified market open time.
Intraday VWAP: A volume-weighted average price calculated manually and reset daily, tracking price action throughout the trading day.
RSI Confirmation: Uses RSI from a user-selected higher timeframe (1H, 4H, or Daily) to confirm signals.
Buy Signal: Triggered when VWAP breaks above the Opening Range High AND the RSI is below or equal to the buy threshold (default 30).
Sell Signal: Triggered when VWAP breaks below the Opening Range Low AND the RSI is above or equal to the sell threshold (default 70).
Visuals: Plots Opening Range levels and VWAP on the chart with clear buy/sell markers and optional labels showing RSI values.
Alerts: Provides alert conditions for buy and sell signals to facilitate timely trading decisions.
This tool helps traders capture momentum breakouts while filtering trades based on momentum strength indicated by RSI.
ORB Strategy: Extensions & Custom SL (EOD & Live Lines)That's a great request. Since you've now built a complex Pine Script Strategy with several user-configurable risk management, targeting, and exit options, the description should focus on the systematic rules used for entering, managing, and exiting trades.
Here is a clear, written description of the trading strategy you have built:
Trading Strategy Description: ORB Extension Breakout with Custom Stop, Live Tracking, and EOD Exit
This strategy is a systematic, momentum-based system designed for intraday trading. It operates on the principle of an Opening Range Breakout (ORB), utilizing the initial market consolidation to project high-probability targets, while offering multiple methods for managing risk and enforcing a mandatory end-of-day closure.
1. Market Identification (The Opening Range)
The strategy first defines the market's initial boundaries and volatility:
Session Window: The strategy calculates the Opening Range (OR) over a user-defined time period (default: 9:30 AM to 10:30 AM New York Time).
ORB Levels: Two key price levels are established and locked once the time window closes:
Wick High/Low: The absolute highest and lowest prices of the session. These serve as the entry trigger lines.
Body High/Low (Shaded Range): The highest and lowest open/close prices of the session. The height of this range is used as the basis for calculating all targets and stops.
2. Entry Rule (The Breakout)
The strategy waits passively for a breakout that confirms direction and ensures the move has not yet reached its immediate target.
Trigger Condition: A trade is signaled when a candle closes either:
Above the Wick High (for a Long entry).
Below the Wick Low (for a Short entry).
Constraint (Fresh Breakout): The entry is invalidated if the breakout candle's price action (High for Long, Low for Short) has already touched or surpassed the projected Take Profit (0.5 Extension) level before the candle closes.
Execution: The entry is a Market Order executed on the candle that meets the trigger conditions, subject to a user-defined Entry Delay (default 0 bars).
Direction Control: The user can select to trade Long Only, Short Only, or Both.
3. Exit and Risk Management
All trades are placed with simultaneous Take Profit and Stop Loss orders (a bracket order) upon entry.
A. Take Profit (TP)
The Take Profit is set at the 0.5 Extension of the Shaded Range (Body Range).
Calculation: The distance from the Body High/Low to the TP level is exactly 50% of the total height of the Shaded Range.
B. Stop Loss (SL)
The Stop Loss is dynamically calculated based on a user-selected method for risk control:
Range 0.5 (Body Range): The SL is placed an equal distance (0.5 times the Body Range height) outside the opposite side of the Body Range.
ATR Multiple: The Stop Loss distance is calculated as a user-defined Multiplier times the Average True Range (ATR).
Recent Swing Low/High: The Stop Loss is placed based on a structural low (for Long) or high (for Short) within a user-defined lookback period.
C. End-of-Day (EOD) Exit
Any open position is forced closed at the market price if it is still open when the user-defined closing time (default: 16:00 HHMM) is reached. This prevents carrying intraday risk overnight.
4. Visualization
The strategy includes comprehensive visual cues for analysis:
ORB Drawing: Displays the Wick High/Low and the shaded Body Range.
Breakout Signals: Highlights the specific bar where the validated entry signal occurs.
Closed Trades: Draws persistent lines for the Entry and Exit prices of the last few closed trades.
Live Open Trades: Draws persistent lines for the current Entry Price, active Take Profit Level, and active Stop Loss Level for any open position.
Daily O/C Span (Real Values & SMA Comparison)This Pine Script indicator helps you visualize and track the "momentum" or "strength" of each trading day, and compares it to a recent average. It essentially measures the net movement of the price from when the market opens to when it closes.
What the Script Does
The script performs the following actions:
Calculates Daily Movement: For every single trading day, it calculates the difference between the closing price and the opening price (Close - Open).
Plots the "Span": These daily differences are plotted as vertical bars (a histogram) in a separate window below your main price chart.
-Green bars mean the stock closed higher than it opened (a strong day).
-Red bars mean the stock closed lower than it opened (a weak day).
Calculates the Average: It calculates the Simple Moving Average (SMA) of these daily spans over an adjustable period (default is 30 days).
Plots the Average Line: A blue line is plotted over the green/red bars, showing the typical magnitude of daily movement.
Displays Comparison: A table in the top-right corner provides a quick, real-time numerical comparison of today's span versus the 30-day average span.
How It Can Improve Trading
This indicator helps you understand the character and conviction of price action, offering several trading insights:
Gauging Momentum: It clarifies whether the stock's moves are generally strong and sustained within a day (large spans) or hesitant (small spans).
Identifying Trends: During an uptrend, you might expect the average span line to be consistently positive (above zero), and vice versa for a downtrend. A positive average span indicates buyers are consistently closing the day stronger than where they started it.
Spotting Reversals: If a stock is in a strong uptrend but you suddenly see a series of large red bars (large negative spans), it could signal a shift in momentum and potential upcoming reversal.
Volatility Context: By comparing the current day's bar to the blue average line, you can quickly determine if today is an unusually strong/weak day relative to recent history.
In short, it helps you see the underlying buyer/seller conviction within each day, making it easier to gauge the overall market sentiment and anticipate potential shifts.
(5+15+60min+1D)EMA20+Y'SH/L+count简介： 这是一个专为 5分钟图表 (5min Chart) 日内交易者设计的综合辅助工具。它结合了多周期趋势均线、美股核心交易时段的时间周期计数以及关键流动性位置（前一日高低点）的智能突破监测。该脚本针对美股个股及 24/7 交易的 BTC/ETH 进行了优化，强制锁定纽约时间进行运算。
核心功能：
1. 多周期 EMA 监控系统 (MTF EMAs)
5min EMA20 (蓝色)：日内短期趋势核心线（默认开启）。
60min EMA20 (绿色)：小时级别趋势参考（默认开启）。
15min EMA20 (红色) & 1D EMA20 (橙色)：可选开启，用于捕捉更大周期的支撑阻力。
特点：所有均线采用最细线宽，平滑显示，右上角表格实时展示当前价格。
2. 美股时段 Bar Count 计数器
时间锚定：以纽约时间 (New York Time) 09:30 开盘为起点（Bar 0）。
显示规则：仅在 K 线底部显示 偶数 序号 (0, 2, 4, 6 ...)，直至第 82 根 K 线停止。
关键时间窗 (Time Pivots)：
Bar 18 (约 NY 10:55) 和 Bar 40 (约 NY 12:45) 会被自动高亮。
字体变为 蓝色粗体，且对应 K 线实体变为蓝色，提示潜在的变盘或宏观流动性注入时刻。
3. 智能 PDH/PDL 射线 (Smart Rays)
精确锚点：前一日高点 (PDH) 和低点 (PDL) 的射线不是从开盘画起，而是从昨日形成高低点的具体时间点射出，精确还原价格行为。
自动阻断 (Breakout Logic)：一旦当前价格触碰或突破该射线，射线将自动停止延伸，直观展示“阻力/支撑已失效”。
自动清理：每日自动清除旧线，仅保留当天的参考线，保持图表整洁。
4. 视觉优化
每日分割线：自动绘制灰色虚线分隔交易日。
图表限制：脚本仅在 5分钟图表上可见，切换周期自动隐藏，避免干扰大周期分析。
设置说明：
可在设置面板中自由开关各周期 EMA 的显示。
可开关底部的计数数字显示。
English Version (for TradingView Publishing)
Title: 5min Intraday Precision Toolkit: MTF EMAs + NY Session Count + Smart Rays
Introduction: This is a comprehensive auxiliary tool designed specifically for 5-minute chart intraday traders. It combines multi-timeframe trend EMAs, time cycle counting based on the US Session, and smart breakout monitoring for key liquidity levels (Previous Day High/Low). Optimized for US Equities and Crypto (BTC/ETH) using New York Time.
Key Features:
1. Multi-Timeframe EMA System
5min EMA20 (Blue): Core short-term intraday trend (On by default).
60min EMA20 (Green): Hourly trend reference (On by default).
15min EMA20 (Red) & 1D EMA20 (Orange): Optional overlays for higher timeframe support/resistance.
Visuals: All EMAs are rendered with fine lines for a clean look, accompanied by a top-right dashboard table.
2. NY Session Bar Count
Time Anchor: Starts counting from 09:30 New York Time (Bar 0).
Display Logic: Displays only EVEN numbers (0, 2, 4...) at the bottom of the bars, stopping at count 82.
Time Pivots:
Bar 18 (~10:55 NY) and Bar 40 (~12:45 NY) are highlighted.
Labels turn Bold Blue, and the specific candles are colored Blue to indicate potential reversal or liquidity injection times.
3. Smart PDH/PDL Rays
Precise Origin: Rays for Previous Day High (PDH) and Previous Day Low (PDL) originate from the exact timestamp they were created yesterday, not just the daily open.
Breakout Stop Logic: Rays automatically stop extending once price touches or breaks them, clearly indicating that the level has been tested.
Auto-Clean: Automatically removes old rays from previous days to keep the chart clean.
4. Visual Optimization
Daily Separators: Automatic vertical dotted lines marking new days.
Visibility: All elements are hidden on non-5m charts to prevent clutter.
Settings:
Toggle visibility for individual EMAs.
Toggle visibility for the bottom bar counter.
Rolling Volume Profile [Matrix Volume Heatmap] by NXT2017Description
This indicator offers a unique visual approach to Volume Profile analysis. Instead of the traditional histogram bars or boxes, this script renders a Rolling Volume Profile as a background "Matrix Heatmap" directly on your chart.
By dividing the price action of the most recent N-candles into 30 horizontal zones (buckets), it visualizes where the most trading activity has occurred within your defined lookback period. The visualization uses dynamic transparency to highlight the Point of Control (POC) and high-volume nodes, while fading out low-volume areas.
🧠 How it Works
The script operates on a "Rolling Window" basis, meaning it recalculates the profile at every bar to reflect the immediate market context.
Dynamic Range: It calculates the highest High and lowest Low of the user-defined Lookback Length (default: 1000 bars).
Bucket Slicing: This vertical range is divided into 30 equal price buckets.
Volume Distribution (Overlap Logic): The script iterates through the historical data. If a candle is large and spans multiple buckets, its volume is distributed proportionally across those buckets. This ensures a more realistic profile compared to simply assigning volume to the close price.
Heatmap Visualization:
The script calculates the Maximum Volume (POC) within the profile.
It uses a Reference Length to normalize this maximum.
Dynamic Opacity: Zones with volume close to the maximum are rendered opaque (solid). Zones with low relative volume become highly transparent. This creates an automatic "Heatmap" effect, allowing you to instantly spot the most significant price levels.
⚙️ Settings
Lookback Length (candles): Defines how far back the profile calculates volume (e.g., 1000 bars).
POC Reference Length: Defines the smoothing window for the 100% volume baseline. Increasing this stabilizes the color changes; decreasing it makes the heatmap more reactive to sudden volume spikes.
Profil Color: Choose the base color for the matrix. The transparency is calculated automatically.
💡 Use Case
This tool is ideal for traders who want to see the "Value Area" of the current range without cluttering the chart with complex boxes or side-bars. It works excellent as a background context tool to identify:
High Volume Nodes (Support/Resistance)
Low Volume Nodes (Price gaps/Rejection areas)
Migrating Points of Control (Trend direction)
Session Sweep System – WarRoomXYZ V1WarRoom Session Sweep System v1 is a open-source institutional trading framework built to identify liquidity behavior across Asia, London, and New York sessions.
It combines session-based liquidity mapping, sweep detection, daily expansion modeling, and trend confirmation into a unified, timing-driven system optimized for XAUUSD, FX pairs, indices, and any instrument with session-dependent volatility.
This tool does not attempt to predict direction with arbitrary oscillators.
Instead, it focuses on the underlying market mechanisms that drive price:
liquidity, timing, expansion, and trend alignment.
Below is a detailed explanation of what the script does, how its components work, and how traders can use it effectively.
🔹 1. Session Liquidity Mapping
The script automatically identifies the Asia (00:00–06:00 GMT), London (07:00–12:00 GMT), and New York (13:00–17:00 GMT) sessions and builds real-time session ranges.
Each session creates a liquidity pool.
Trading institutions frequently sweep the high or low of one session before delivering the real move in the next session.
This script captures that behavior by:
►Drawing session range boxes
►Tracking previous session highs/lows
►Highlighting high-probability sweep locations
These ranges are essential reference points for timing entries and exits.
🔹 2. Liquidity Sweep Detection (Buy & Sell Sweeps)
The indicator identifies when price runs a previous session high/low and rejects back inside the range, which is commonly interpreted as a liquidity sweep.
The following sweep types are monitored:
►London sweeping Asia
►New York sweeping London
►Asia sweeping New York
►Daily sweep of PDH/PDL
Sweeps signal that liquidity has been collected and that a potential reversal or continuation is likely.
These are marked clearly on the chart for real-time decision-making.
🔹 3. Killzone Timing Model (GMT Time)
Market manipulation and expansion often occur during specific time windows.
The script highlights these institutional killzones:
►London Killzone: 07:00–10:00 GMT
►New York Killzone: 13:30–15:30 GMT
►NY PM Session: 19:00–21:00 GMT
Sweeps occurring inside these windows carry a significantly higher probability.
The timing layer helps filter out low-quality setups.
🔹 4. Daily Range & ADR Expansion Engine
A dedicated panel displays:
►Current day range
►ADR (Average Daily Range)
►Expansion stage (Early / Developed / Extended)
►PDH/PDL swept or intact
►Overall session bias
This allows traders to understand whether the daily move is likely to continue or reverse.
For example:
►Early expansion → trend continuation likely
►Extended expansion → reversal setups become more probable
This is useful for intraday targets and risk management.
🔹 5. MA Cloud Trend Model (Fast/Slow Structure)
To align liquidity behavior with directional conviction, the script includes a configurable MA engine:
►Fast & slow MA
►MA cloud
►Slope-based trend coloring
►Trend background
►MA cross alerts
The cloud provides trend confirmation without relying on oscillators.
Trades are higher quality when the sweep direction aligns with the MA trend.
🔹 6. How the Components Work Together
The script integrates several institutional concepts into one coherent model:
►Sessions define liquidity pools
►Sweeps identify stop-hunts and reversals
►Killzones define optimal timing
►MA Cloud confirms directional bias
►ADR engine indicates expansion potential
This creates a structured framework:
Sweep → Timing → Trend → Expansion → Execution
Each component strengthens the others, forming a robust decision-making model.
🔹 7. How to Use the Indicator (Practical Guide)
✔ Look for a sweep of a previous session level
When price runs a session high/low and closes back inside, liquidity has likely been collected.
✔ Confirm timing
Sweeps inside London or NY killzones tend to produce the strongest moves.
✔ Confirm trend
Use MA cloud direction and slope:
►Cloud green → long setups preferred
►Cloud red → short setups preferred
✔ Check ADR panel
If the day has already expanded significantly, reversal setups are more likely.
If expansion is still early, continuation setups are favored.
✔ Plan your trade
Common targets include:
►Opposite side of session range
►ADR High/Low
►PDH/PDL
Stops are typically placed beyond the sweep wick.
This creates a repeatable, rule-based approach to intraday liquidity trading.
🔹 8. Why This Script Is Original
This is not a mashup of existing open-source indicators.
It introduces:
►A custom session-linked liquidity sweep engine
►A structured daily expansion model
►Integrated killzone timing aligned with GMT
►A unified bias panel merging sweeps, ADR, and session manipulation
►A trend confirmation layer designed around session behavior
While it uses known institutional concepts, their integration, execution, and timing framework are unique, purpose-built, and not directly found in open-source scripts.
🔹 9. Suitable Markets
This indicator works best on:
►XAUUSD
►Major FX pairs
►US indices
►Synthetic markets with session cycles
Ideal timeframes: 1m, 5m, 15m, 30m
🔹 10. Limitations / Notes
This is an analytical tool, not a buy/sell signal generator
All sweeps are confirmed at candle close (non-repaint)
The tool assumes GMT session windows unless chart time differs
Users must practice risk management and entry triggers manually
Disclaimer
This script is provided for informational and educational purposes only. It does not provide financial, investment, or trading advice, and it does not guarantee profits or future performance. All decisions made based on this script are solely the responsibility of the user.
This script does not execute trades, manage risk, or replace the need for trader discretion. Market behavior can change quickly, and past behavior detected by the script does not ensure similar future outcomes.
Users should test the script on demo or simulation environments before applying it to live markets and must maintain full responsibility for their own risk management, position sizing, and trade execution.
Trading involves risk, and losses can exceed deposits. By using this script, you acknowledge that you understand and accept all associated risks.
On Balance Volume [BrightSideTrading]
# On Balance Volume - Complete User Guide
## Overview
This enhanced OBV indicator provides clean, actionable volume analysis with intelligent signal filtering. It combines On-Balance Volume (OBV) with a smoothed signal line to identify shifts in buying and selling pressure without chart clutter.
**Key Features:**
- Real-time OBV and signal line visualization
- Smart crossover detection with confirmation filtering
- Z-Score momentum analysis
- Customizable signal alerts with V-shaped markers
- Window-normalized option for detrended analysis
---
## What is On-Balance Volume (OBV)?
OBV is a volume-based momentum indicator that accumulates volume on up days and subtracts volume on down days. It answers a fundamental question: **Is volume flowing in (buying) or out (selling)?**
**Formula:**
- If Close > Previous Close: OBV = Previous OBV + Volume
- If Close < Previous Close: OBV = Previous OBV - Volume
- If Close = Previous Close: OBV = Previous OBV (unchanged)
**What it tells you:**
- **Rising OBV** = Accumulation (smart money buying)
- **Falling OBV** = Distribution (smart money selling)
- **OBV above zero line** = Net positive buying pressure
- **OBV below zero line** = Net negative selling pressure
---
## Interface & Settings
### **MAIN VISUALIZATION**
**OBV Line (Green/Red Ribbon)**
- Green when OBV is above the signal line (bullish trend)
- Red when OBV is below the signal line (bearish trend)
- Toggles between window-normalized (detrended) and raw values
**Signal Line (Orange)**
- Smoothed average of OBV
- Crossovers with OBV generate buy/sell signals
- Default: 21-period SMA
**V-Shaped Markers**
- Green upward V = Bullish crossover (buy signal)
- Red downward V = Bearish crossover (sell signal)
- Appears at the OBV value when signal is triggered
**Zero Line (Yellow)**
- Center equilibrium point for volume balance
- Acts as support/resistance for OBV
- Separates buying pressure (above) from selling pressure (below)
---
### **SOURCE GROUP**
**Source**
- **Default:** Close
- **Options:** Open, High, Low, or any custom value
- Controls which price value triggers OBV direction changes
- Most traders use Close for standard OBV calculation
---
### **SIGNAL SMOOTHING GROUP**
**Show Signal?**
- **Default:** ON
- Toggle visibility of the signal line
- Disable if you prefer to see raw OBV only
**Smoothing Type**
- **SMA (Simple Moving Average)** - Default, standard smoothing
- **EMA (Exponential Moving Average)** - Faster response, weights recent bars more heavily
- **Choose SMA** for consistent, traditional OBV signals
- **Choose EMA** for faster trend identification (more whipsaws possible)
**Smoothing Length**
- **Default:** 21 bars
- **Range:** 1-200 bars
- **Lower values** (5-14): Faster signals, more noise
- **Higher values** (30-50): Slower signals, fewer false alarms
- **Recommendation:** Use 21-25 for most timeframes
---
### **SIGNAL FILTERING GROUP**
This is your primary control for signal quality and frequency.
**Show Signal Markers?**
- **Default:** ON
- Toggle the V-shaped buy/sell markers on/off
- Disable if markers distract from your analysis
**Signal Filter Type**
- **None** - Shows every single crossover (noisy, best for skilled traders)
- **Confirmation Bars** - Waits N bars before confirming signal (recommended)
- **Strength-Based** - Only signals during strong momentum (filters weakest moves)
#### **CONFIRMATION BARS MODE** (Recommended)
Best for reducing false signals while staying responsive to real moves.
**Confirmation Bars**
- **Default:** 2 bars
- **Range:** 1-10 bars
- Waits for the signal to hold for N consecutive bars after crossover
- **Setting 1:** Every crossover (same as "None")
- **Setting 2:** Wait 1 bar confirmation (good balance)
- **Setting 3:** Wait 2 bars confirmation (filters 50% of noise)
- **Setting 4+:** Very selective, misses quick reversals
**How it works:**
1. OBV crosses signal line → Confirmation counter starts
2. If OBV stays on correct side for 2 bars → V-marker appears
3. If OBV crosses back → Counter resets, no signal
#### **STRENGTH-BASED MODE**
Only signals when momentum is statistically significant.
**Min Z-Score Strength**
- **Default:** 0.3
- **Range:** 0.0-3.0
- Requires OBV deviation from its mean to reach this threshold
- **Setting 0.1-0.3:** More signals, lower quality
- **Setting 0.5-0.8:** Moderate signals, good quality
- **Setting 1.0+:** Only the strongest momentum shifts
**How it works:**
- Calculates how far OBV is from its 50-bar average (Z-score)
- Only shows signals when this distance is meaningful
- Automatically avoids weak, choppy market conditions
---
### **VISUALS & COLORS GROUP**
**Highlight Crossovers?**
- **Default:** ON
- Master toggle for all signal markers
- Turn OFF to see only the OBV/signal lines
**Apply Ribbon Filling?**
- **Default:** ON
- Colors the space between OBV and signal line
- Green fill = OBV above signal (bullish)
- Red fill = OBV below signal (bearish)
- Provides clear visual trend confirmation
- Turn OFF for minimal chart clutter
---
### **STATS & ZONES GROUP**
**Use Window-Normalized OBV (visual only)?**
- **Default:** ON
- Removes long-term trend from OBV for clearer short-term signals
- Detrends the indicator to highlight recent momentum changes
- **ON:** Better for swing trading and identifying reversals
- **OFF:** Better for trend-following strategies
- Note: Z-Score always uses raw OBV for statistical accuracy
**OBV Normalize Window**
- **Default:** 200 bars
- Lookback period for detrending calculation
- Larger values = more aggressive detrending
- Adjust if you want OBV to oscillate more/less around zero
**Show Z-Score (OBV)?**
- **Default:** ON
- Displays statistical momentum indicator below main chart
- Ranges from -3 to +3 (most data within -2 to +2)
- High Z-Score = Strong buying momentum
- Low Z-Score = Strong selling momentum
**Z-Score Lookback**
- **Default:** 50 bars
- Period for calculating Z-Score mean and standard deviation
- Larger = smoother Z-Score, slower response
- Smaller = noisier Z-Score, faster response
**Show ROC (OBV Momentum)?**
- **Default:** OFF
- Rate of Change indicator for OBV velocity
- Useful for identifying momentum turning points
- Enable if you want to see speed of volume changes
**ROC Lookback**
- **Default:** 14 bars
- Period for ROC calculation
**Show Z-Score StdDev Zones?**
- **Default:** ON
- Shaded regions around zero line showing statistical boundaries
- Inner Zone (±1 Z) = Normal variation
- Outer Zone (±2 Z) = Extreme moves, potential reversals
- Helps identify overbought/oversold volume conditions
**Inner Zone (±Z)**
- **Default:** 1.0
- First boundary for standard deviation zones
- Most normal trading occurs within ±1
**Outer Zone (±Z)**
- **Default:** 2.0
- Second boundary for extreme conditions
- Crossing these zones indicates significant momentum shift
---
## Trading Strategy Examples
### **Strategy 1: Signal Line Crossovers (Beginner)**
**Setup:**
- Signal Filter Type: **Confirmation Bars**
- Confirmation Bars: **2-3**
- Show Signal Markers: **ON**
**Rules:**
1. **BUY signal** (green V): When OBV crosses above signal line and holds for 2-3 bars
- Confirms buying pressure is building
- Look for price to follow within 1-3 bars
2. **SELL signal** (red V): When OBV crosses below signal line and holds for 2-3 bars
- Confirms selling pressure is increasing
- Expect price decline
3. **Exit:** Take profits at next signal or use price support/resistance
**Best For:** Swing trading, intraday reversals, timeframes 5m-1h
---
### **Strategy 2: Zero Line Bounce (Intermediate)**
**Setup:**
- Signal Filter Type: **Strength-Based**
- Min Z-Score Strength: **0.5**
- Show Z-Score StdDev Zones: **ON**
**Rules:**
1. **Watch OBV approach zero line** during established trends
- OBV bouncing repeatedly off zero = trend is healthy
- OBV breaking through zero = trend reversal imminent
2. **Enter on bounce:** Buy when OBV bounces from zero line in uptrend
3. **Exit on break:** Close position when OBV breaks below zero line
4. **Confirm with Z-Score:** Only take trades when Z-Score shows momentum (|Z| > 0.5)
**Best For:** Trend traders, identifying trend strength, medium timeframes 15m-4h
---
### **Strategy 3: Momentum Extremes (Advanced)**
**Setup:**
- Signal Filter Type: **None**
- Show Z-Score StdDev Zones: **ON**
- Outer Zone: **2.0**
**Rules:**
1. **Identify extremes:** When Z-Score breaks outer zone (±2.0)
- Indicator is in extreme territory
- Likely overextended
2. **Fade extremes:** Take opposite position when Z-Score hits extreme
- High Z (>2.0) = OBV overbought, expect pullback
- Low Z (<-2.0) = OBV oversold, expect bounce
3. **Confirm:** Wait for crossover signal to enter
4. **Target:** Outer zone of opposite side or zero line
**Best For:** Range trading, mean reversion, experienced traders only
---
## Reading the Indicator in Different Markets
### **Strong Uptrend**
- OBV consistently above signal line (green)
- OBV well above zero line, rising higher lows
- Z-Score positive, trending upward
- **Action:** Buy dips to signal line, sell at resistance
### **Strong Downtrend**
- OBV consistently below signal line (red)
- OBV well below zero line, making lower highs
- Z-Score negative, trending downward
- **Action:** Sell rallies to signal line, cover at support
### **Consolidation/Choppy Market**
- OBV whipsaws around signal line frequently
- Crossovers occur every few bars
- Z-Score oscillating between -1 and +1
- **Action:** Increase confirmation bars to 3-4, or switch to strength-based filter
### **Accumulation (Bottom Formation)**
- OBV rising while price is flat or falling
- Volume flowing in despite downtrend (bullish divergence)
- Z-Score climbing while price lows hold
- **Action:** Expect breakout up; prepare buy near support
### **Distribution (Top Formation)**
- OBV falling while price is flat or rising
- Volume flowing out despite uptrend (bearish divergence)
- Z-Score falling while price continues higher
- **Action:** Expect breakdown down; prepare short near resistance
---
## Parameter Tuning Guide
### **Aggressive Settings (More Signals)**
- Smoothing Length: 14
- Signal Filter: None or Confirmation Bars: 1
- Min Z-Score: 0.1
- Best for: Day trading, high volatility stocks
- Risk: More false signals
### **Balanced Settings (Recommended)**
- Smoothing Length: 21
- Signal Filter: Confirmation Bars: 2
- Min Z-Score: 0.3
- Best for: Swing trading, most market conditions
- Risk/Reward: Moderate
### **Conservative Settings (Fewer Signals)**
- Smoothing Length: 30-40
- Signal Filter: Confirmation Bars: 3-4 or Strength-Based: 0.7+
- Min Z-Score: 0.8
- Best for: Position trading, high-conviction trades only
- Risk: May miss some moves
---
## Common Questions & Troubleshooting
**Q: Why are there more sell signals than buy signals?**
A: This reflects the actual market action. Markets often decline faster than they rise (fear > greed). Confirm signals with price action and support/resistance.
**Q: The indicator keeps whipsawing, should I hide it?**
A: Increase Confirmation Bars to 3-4 or switch to Strength-Based filter. Market conditions matter—choppy markets require stricter filters.
**Q: What's the difference between normalized and raw OBV?**
A: Normalized (detrended) shows shorter-term momentum by removing long-term trends. Raw OBV shows absolute accumulation/distribution over the full period. Use normalized for swing signals, raw for trend confirmation.
**Q: My signals come too late. How do I get faster entry?**
A: Reduce Smoothing Length (try 14 instead of 21), use EMA instead of SMA, or set Confirmation Bars to 1. Trade-off: More false signals.
**Q: Can I use this for day trading?**
A: Yes, on 1m-5m charts with aggressive settings. Use Confirmation Bars: 1 and focus on Z-Score > 0.5 entries only.
**Q: Should I trade every signal?**
A: No. Filter signals using: price near support/resistance, multiple indicators confirming, and Z-Score showing momentum. Best signals occur at key levels.
---
## Best Practices
1. **Always confirm with price action:** OBV signals work best when price is near support, resistance, or moving average. Don't trade signals in a vacuum.
2. **Use volume context:** Check if volume is increasing or decreasing on the signal. Strong signals have volume confirmation (increasing volume on OBV spikes).
3. **Adjust settings per timeframe:**
- 1m-5m: Smoothing 12, Confirmation 1, Z-Score 0.2
- 15m-1h: Smoothing 20, Confirmation 2, Z-Score 0.3
- 4h-1d: Smoothing 25, Confirmation 3, Z-Score 0.5
4. **Watch the zero line:** It's your friend. OBV behavior at the zero line reveals trend strength. Bounces = healthy trend. Breaks = reversal.
5. **Risk management:** No indicator is perfect. Use proper position sizing and stop losses. OBV should confirm your thesis, not be the only reason to trade.
6. **Combine with other indicators:**
- Price moving averages for trend confirmation
- RSI or Stochastic for overbought/oversold levels
- Support/resistance for entry/exit zones
- MACD for momentum divergences
---
## Disclaimer
This indicator is for educational and informational purposes only. It is not financial advice. Past performance does not guarantee future results. Always conduct your own research and consult with a financial advisor before making trading decisions. Trading carries risk, including potential loss of principal.
---
## Version History
**Version 1.0** - Initial release with enhanced signal filtering, Z-Score analysis, and customizable parameters.
window//@version=5
indicator("Smart Money Time Windows (GMT+3:30)", overlay=true)
// ✅ Window 1 — 08:30 to 09:05 Tehran Time
w1 = time(timeframe.period, "0830-0905", "Asia/Tehran")
// ✅ Window 2 — 13:50 to 14:40 Tehran Time
w2 = time(timeframe.period, "1350-1440", "Asia/Tehran")
// ✅ Window 3 — 17:15 to 18:00 Tehran Time
w3 = time(timeframe.period, "1715-1800", "Asia/Tehran")
bgcolor(not na(w1) ? color.new(color.blue, 85) : na)
bgcolor(not na(w2) ? color.new(color.orange, 85) : na)
bgcolor(not na(w3) ? color.new(color.purple, 85) : na)
ShooterViz Lazy Trader EMA SystemShooterViz Lazy Trader EMA System - Complete User Guide
What This Script Does
This is a position scaling indicator that tells you exactly when to enter, add to, and exit trades using a simplified 5-EMA system. It removes the guesswork and decision fatigue from trading by giving you clear visual signals.
The Core Concept
3 entry signals that build your position from 20% → 50% → 100%
2 exit signals that scale you out at 50% → 50% (complete exit)
1 higher timeframe filter that keeps you on the right side of the trend
No Fibonacci calculations, no RSI divergence, no multi-indicator confusion. Just EMAs and price action.
What You'll See On Your Chart
1. Colored EMA Lines
Blue Lines (Entry Zone):
3 EMA (lightest blue) - Early reversal detector
5 EMA (darker blue) - Confirmation line
Green Lines (Add Zone):
21 EMA (bright green) - First add location
34 EMA (lighter green) - Final add location
Red Lines (Exit Zone):
89 EMA (lighter red) - First exit trigger
144 EMA (darker red) - Final exit trigger
Orange Lines (Hyper Frame - optional):
Hyper 21 EMA (from higher timeframe) - Trend direction
Hyper 34 EMA (from higher timeframe) - Bias confirmation
2. Triangle Signals
Green Triangles (Below Price) = BUY/ADD:
Lime triangle with "20%" = Entry 1: Price reclaimed 3→5 EMA (starter position)
Green triangle with "30%" = Entry 2: Price bounced off 21 EMA (first add)
Teal triangle with "50%" = Entry 3: Price broke out from 34 EMA compression (final add)
Red Triangles (Above Price) = SELL:
Orange triangle with "50% OFF" = Exit 1: Price broke below 89 EMA (take half off)
Red triangle with "EXIT ALL" = Exit 2: Price broke below 144 EMA (close remaining position)
3. Background Color (Trend Bias)
Light green background = Hyper frame EMAs trending up (bias LONG)
Light red background = Hyper frame EMAs trending down (bias SHORT)
Gray background = Neutral/choppy (be cautious)
4. Info Table (Top Right Corner)
A live status dashboard showing:
Which entry signals are currently active (✓ or —)
Which exit signals are currently active (⚠ or ⛔)
Current hyper frame bias (🟢 LONG / 🔴 SHORT / ⚪ NEUTRAL)
Which timeframe you're using for hyper frame filtering
How to Install and Set Up
Step 1: Add the Script to TradingView
Open TradingView
Click "Pine Editor" at the bottom of the screen
Copy the entire script code
Paste it into the Pine Editor
Click "Add to Chart"
Step 2: Configure Your Settings
Click the gear icon ⚙️ next to "LazyEMA" in your indicators list.
Critical Settings to Configure:
Hyper Frame Selection (Most Important!)
Location: "Hyper Frame (Pick ONE)" section
Setting: "Timeframe"
What to choose:
Trading 15min or 1H charts? → Use "240" (4-hour)
Trading 4H or Daily charts? → Use "D" (Daily)
Trading Daily or Weekly charts? → Use "W" (Weekly)
Why this matters: This filter keeps you aligned with the bigger trend. Only take longs when this timeframe is green, shorts when it's red.
MA Type (Optional, default is fine)
Location: "MA Config" section
Default: EMA (recommended)
Options: EMA, SMA, WMA, HMA, RMA, VWMA
Most traders should stick with EMA
Visual Toggles (Customize your view)
Entry Zone: Turn individual EMAs on/off (3, 5, 21, 34)
Exit Zone: Turn individual EMAs on/off (89, 144)
Hyper Frame: Toggle the higher timeframe EMAs on/off
Step 3: Clean Up Your Chart
Turn OFF these if visible:
Volume bars (they clutter the view)
Any other indicators you have loaded
Grid lines (optional, but cleaner)
Keep ONLY:
Price candles
Your ShooterViz Lazy Trader EMA System
Maybe support/resistance levels if you manually draw them
How to Trade With This Script
The Basic Workflow
Before the Market Opens:
Check the background color and info table bias
Green background? Look for LONG setups only
Red background? Look for SHORT setups only
Gray background? Stay flat or trade small
During the Trading Session:
LONGS (When hyper frame is bullish):
Wait for Entry 1 signal:
Lime triangle appears with "20%"
Price has reclaimed the 5 EMA after dipping to 3 EMA
Action: Enter 20% of your intended position
Stop loss: Place below the 5 EMA or recent swing low
Wait for Entry 2 signal:
Green triangle appears with "30%"
Price pulled back to 21 EMA and bounced
Action: Add 30% more (you're now at 50% total)
Move stop: Trail it up to below 21 EMA
Wait for Entry 3 signal:
Teal triangle appears with "50%"
Price compressed at 34 EMA and broke out
Action: Add final 50% (you're now 100% loaded)
Move stop: Trail it up to below 34 EMA
Wait for Exit 1 signal:
Orange triangle appears with "50% OFF"
Price broke below 89 EMA
Action: Exit 50% of your position immediately
Move stop on rest: Trail to 89 EMA or lock in profits
Wait for Exit 2 signal:
Red triangle appears with "EXIT ALL"
Price broke below 144 EMA
Action: Exit remaining 50% (you're now flat)
Or: Stop gets hit at 89 EMA (same result)
SHORTS (When hyper frame is bearish):
Same process, but inverted
Triangles appear above price instead of below
Look for breakdowns below EMAs instead of bounces off them
Exit when price reclaims 89 and 144 EMAs
Real-World Example Walkthrough
Setup: Trading ES (S&P 500 Futures) on 1H Chart
Chart Configuration:
Timeframe: 1 Hour
Hyper Frame: 240 (4-hour)
Ticker: ES
Pre-Market Check:
Background is light green
Info table shows "🟢 LONG" for Hyper Bias
Decision: Only look for long entries today
9:30 AM - Market Opens
Price dips and touches 3 EMA
Watch for: Reclaim of 5 EMA
9:45 AM - Entry 1 Triggers
Lime triangle appears below bar
Price closed above 5 EMA at $4,550
Action taken:
Enter long 20% position (2 contracts if targeting 10 total)
Stop loss at $4,545 (below 5 EMA)
Risk: $10 per contract × 2 = $20 risk
10:30 AM - Entry 2 Triggers
Price rallied to $4,565, pulls back
Green triangle appears at 21 EMA ($4,555)
Action taken:
Add 30% (3 more contracts, now have 5 total)
Move stop to $4,550 (below 21 EMA)
Current P/L: +$25 ($5 gain on original 2 contracts, break-even on new 3)
11:15 AM - Entry 3 Triggers
Price consolidates at 34 EMA around $4,560
Teal triangle appears as price breaks to $4,568
Action taken:
Add final 50% (5 more contracts, now have 10 total)
Move stop to $4,555 (below 34 EMA)
Current P/L: +$70
1:00 PM - Price Extends
Price rallies to $4,595 (on track)
89 EMA is at $4,575
No action yet, let it run
2:15 PM - Exit 1 Triggers
Price pulls back from $4,600
Orange triangle appears as price breaks below 89 EMA at $4,580
Action taken:
Exit 50% (5 contracts closed at $4,580)
Keep 5 contracts with stop at 89 EMA ($4,575)
Banked: +$150 average gain on closed 5 contracts
2:45 PM - Exit 2 Triggers
Price continues down
Red triangle appears as price breaks 144 EMA at $4,570
Action taken:
Exit remaining 5 contracts at $4,570
Banked: +$100 on remaining 5 contracts
Final Results:
Total gain: $250 on the trade
Initial risk: $50 (if stopped out at Entry 1)
Risk/Reward: 5:1
Time in trade: ~5 hours
Common Questions
"What if I miss Entry 1? Can I still take Entry 2?"
Yes! Each entry is independent. If you miss the 3→5 reclaim, wait for the 21 EMA bounce. You'll start with a 30% position instead of 20%, but that's fine.
Rule: Never chase. Wait for the next EMA setup.
"What if multiple entry signals trigger at the same bar?"
Rare, but possible. If you see both Entry 1 and Entry 2 trigger together:
Take Entry 1 first (20%)
If the next bar confirms Entry 2 is still valid, add 30%
When in doubt, scale in gradually
"The hyper frame is green but I'm seeing short signals?"
Don't take them. The hyper frame is your bias filter. If it says "go long," ignore short setups. They're usually lower probability and will get stopped out.
"Can I use this for swing trading overnight?"
Absolutely. Just switch your hyper frame:
If you're on Daily charts, use Weekly hyper frame
If you're on 4H charts, use Daily hyper frame
Adjust position sizes for overnight risk
"What if the signal appears right at market close?"
Don't chase it. Wait for the next bar (next day) to confirm. Signals that appear in the last 5 minutes are often noise.
"How do I set up alerts?"
Right-click on the chart
Select "Add Alert"
Choose "LazyEMA" from the condition dropdown
Select which signal you want alerts for:
Entry 1: 3→5 Reclaim
Entry 2: 21 EMA Add
Entry 3: 34 EMA Breakout
Exit 1: 89 EMA Break
Exit 2: 144 EMA Break
Click "Create"
Pro tip: Set up all 5 alerts so you never miss a signal.
Position Sizing Guide see
swingtradenotes.substack.com
Critical Rule: Know your total risk BEFORE you take Entry 1. Don't wing it.
Customization Tips
For Day Traders (Scalpers)
Use 5min or 15min charts
Hyper frame: 1H or 4H
Expect 2-4 setups per day
Tighter stops (0.5% risk per entry)
For Swing Traders
Use 4H or Daily charts
Hyper frame: Daily or Weekly
Expect 1-2 setups per week
Wider stops (1-2% risk per entry)
For Position Traders
Use Daily or Weekly charts
Hyper frame: Weekly or Monthly
Expect 1-2 setups per month
Widest stops (2-3% risk per entry)
The "Don't Be Stupid" Checklist
Before taking ANY signal from this script, ask:
✅ Is the hyper frame bias pointing in my direction?
✅ Is the signal clean (not at a weird time or during news)?
✅ Do I know my stop loss level?
✅ Do I know my position size?
✅ Can I afford to lose if this trade fails?
If you answered "no" to ANY of these, skip the trade.
Troubleshooting
"I'm not seeing any signals"
Possible causes:
The "Show Lazy Trader System" toggle is off (turn it on)
Your chart timeframe is too high (try 1H or 4H)
Market is in a tight range (EMAs are compressed)
You need to refresh the chart
"Too many signals, getting whipsawed"
Fixes:
Increase your chart timeframe (go from 15m to 1H)
Switch to a less volatile ticker
Only trade when hyper frame bias is STRONG (not neutral)
Add a minimum bar count between signals
"The info table is covering my price action"
Fix:
Edit the script
Find the line: table.new(position.top_right, ...
Change position.top_right to position.bottom_right or position.top_left
"Signals appear then disappear"
This is normal (repainting). Some signals (especially compression breakouts) can disappear if the next bar reverses. This is why you:
Wait for bar close before acting
Use alerts that only fire on confirmed bars
Don't chase signals mid-bar
Final Thoughts
This script is a decision-making tool, not a crystal ball. It shows you high-probability setups based on EMA dynamics and trend structure. You still need to:
Manage your risk
Choose your position size
Stick to the rules
Accept losses when they happen
The system works when YOU work the system.
Print this guide, tape it next to your monitor, and follow it religiously for 20 trades before making ANY changes.
Good luck, and stay lazy (the smart way).
⭐ Silver HUD v14.6 ⭐Silver HUD v14.6 is an enhanced Pine Script v5 indicator for micro silver futures (SIL) trading on TradingView, featuring a compact 2-column bottom-right HUD with weighted scoring across 5 engines (trend, flow, momentum, PB, turbo), 2H structure arbitration, divergence detection, volume surge analysis, BUY/SELL arrows, and risk warnings. Expanded from v14.5 with dedicated DIV/VOL rows for better signal context on 5m charts.
Multi-Engine Scoring
Trend Engine
EMA20/50 alignment + VWAP direction (1.001%/0.999% thresholds): UP/DOWN/MIXED scores 100/60/20.
Flow Engine
CCIOBV (CCI20 + OBV EMA13 sync) + QQE (RSI14 smoothed with trailing volatility): dual UP/DOWN = strong flow (100), mixed (60).
Momentum
RSI14/MFI14 >55 (UP=100), <45 (DOWN=100), else NEUTRAL (60).
PB (Pullback)
EMA20 deviation: -0.4% to +1.2% = OK (100), ≥1.2% CHASE (70/40), DEEP (30/80 for long/short).
Turbo
ATR14 percentile (>70 EXPANDING, <30 FADE) + BB20 width percentile (<20 SQ): SQ+EXPANDING=BREAKOUT (100).
Weighted Totals
BUY: flow(30%)+mom(25%)+PB(25%)+trend(10%)+turbo(10%); SELL adjusts turbo(20%)/PB(15%). Thresholds: BUY≥75, SELL≥72.
Advanced Features
2H Arbitration
Swing HH/HL/LL/LH detection resolves BUY/SELL conflicts; UP (HH/HL) favors longs, DOWN (LL/LH) shorts.
Divergence
RSI-based: price HH without RSI HH = BEAR DIV; price LL without RSI LL = BULL DIV.
Volume Surge
2x 20-SMA or 80th percentile: BULL/BEAR SURGE (directional), SURGE (neutral).
Signals & Risk
Raw triggers filtered (no DEEP PB BUY, no DOWN trend BUY, UP flow required); final uses 2H tiebreaker. RISK flags DIV, surges, DEEP PB, trend conflicts, score ties. Tiny BUY/SELL arrows on raw signals.
HUD Layout
14-row table: TREND/FLOW/MOM/PB/TURBO/FINAL/BUY*/SELL*/2H/DIV/VOL/RISK/Threshold. Stars rate scores (★★★★★=90+), color-coded statuses, gold FINAL. Perfect for SIL scalpers needing confluence + risk at a glance.
Options Scalper v2 - SPY/QQQHere's a comprehensive description of the Options Scalper v2 strategy:
---
## Options Scalper v2 - SPY/QQQ
### Overview
A multi-indicator confluence-based scalping strategy designed for trading SPY and QQQ options on short timeframes (1-5 minute charts). The strategy uses a scoring system to generate high-probability CALL and PUT signals by requiring alignment across multiple technical indicators before triggering entries.
---
### Core Logic
The strategy operates on a **scoring system (0-9 points)** where both bullish (CALL) and bearish (PUT) conditions are evaluated independently. A signal only fires when:
1. A recent EMA crossover occurred (within the last 3 bars)
2. The direction's score meets the minimum threshold (default: 4 points)
3. The signal's score is higher than the opposite direction
4. Enough bars have passed since the last signal (cooldown period)
5. Price action occurs during valid trading sessions
---
### Indicators Used
| Indicator | Purpose | CALL Condition | PUT Condition |
|-----------|---------|----------------|---------------|
| **9/21 EMA Cross** | Primary trigger | Fast EMA crosses above slow | Fast EMA crosses below slow |
| **200 EMA** | Trend filter | Price above 200 EMA | Price below 200 EMA |
| **RSI (14)** | Momentum filter | RSI between 45-65 | RSI between 35-55 |
| **VWAP** | Institutional level | Price above VWAP | Price below VWAP |
| **MACD (12,26,9)** | Momentum confirmation | MACD line > Signal line | MACD line < Signal line |
| **Stochastic (14,3)** | Overbought/Oversold | Oversold or K > D | Overbought or K < D |
| **Volume** | Participation confirmation | Spike on green candle | Spike on red candle |
| **Price Structure** | Breakout detection | Higher high formed | Lower low formed |
---
### Scoring Breakdown
**CALL Score (Max 9 points):**
- Recent EMA cross up: +2 pts
- EMA alignment (fast > slow): +1 pt
- RSI in bullish range: +1 pt
- Above VWAP: +1 pt
- MACD bullish: +1 pt
- Volume spike on green candle: +1 pt
- Stochastic setup: +1 pt
- Above 200 EMA: +1 pt
- Breaking higher high: +1 pt
**PUT Score (Max 9 points):**
- Recent EMA cross down: +2 pts
- EMA alignment (fast < slow): +1 pt
- RSI in bearish range: +1 pt
- Below VWAP: +1 pt
- MACD bearish: +1 pt
- Volume spike on red candle: +1 pt
- Stochastic setup: +1 pt
- Below 200 EMA: +1 pt
- Breaking lower low: +1 pt
---
### Risk Management
The strategy uses **ATR-based dynamic stops and targets**:
| Parameter | Default | Description |
|-----------|---------|-------------|
| Stop Loss | 1.5x ATR | Distance below entry for longs, above for shorts |
| Take Profit | 2.0x ATR | Creates a 1:1.33 risk-reward ratio |
Positions are also closed on:
- Opposite direction signal (flip trade)
- Take profit or stop loss hit
---
### Session Filtering
Trades are restricted to high-liquidity periods by default:
- **Morning Session:** 9:30 AM - 11:00 AM EST
- **Afternoon Session:** 2:30 PM - 3:55 PM EST
This avoids choppy midday price action and captures the highest volume periods.
---
### Input Parameters
| Parameter | Default | Description |
|-----------|---------|-------------|
| Fast EMA | 9 | Fast moving average period |
| Slow EMA | 21 | Slow moving average period |
| Trend EMA | 200 | Long-term trend filter |
| RSI Length | 14 | RSI calculation period |
| RSI Overbought | 65 | Upper RSI threshold |
| RSI Oversold | 35 | Lower RSI threshold |
| Volume Multiplier | 1.2x | Volume spike detection threshold |
| Min Signal Strength | 4 | Minimum score required to trigger |
| Crossover Lookback | 3 | Bars to consider crossover "recent" |
| Min Bars Between Signals | 5 | Cooldown period between signals |
---
### Visual Elements
**Chart Plots:**
- Green line: 9 EMA (fast)
- Red line: 21 EMA (slow)
- Gray line: 200 EMA (trend)
- Purple dots: VWAP
**Signal Markers:**
- Green triangle up + "CALL" label: Buy call signal
- Red triangle down + "PUT" label: Buy put signal
- Small circles: EMA crossover reference points
**Info Table (Top Right):**
- Real-time CALL and PUT scores
- RSI, MACD, Stochastic values
- VWAP and 200 EMA position
- Recent crossover status
- Current signal state
---
### Alerts
| Alert Name | Trigger |
|------------|---------|
| CALL Entry | Standard call signal fires |
| PUT Entry | Standard put signal fires |
| Strong CALL | Call signal with score ≥ 6 |
| Strong PUT | Put signal with score ≥ 6 |
---
### Recommended Usage
| Setting | 0DTE Scalping | Intraday Swings |
|---------|---------------|-----------------|
| Timeframe | 1-2 min | 5 min |
| Min Signal Strength | 5-6 | 4 |
| ATR Stop Mult | 1.0 | 1.5 |
| ATR TP Mult | 1.5 | 2.0 |
| Option Delta | 0.40-0.50 | 0.30-0.40 |
---
### Key Improvements Over v1
1. **Requires actual crossover** - Eliminates false signals from simple trend continuation
2. **Balanced scoring** - Both directions evaluated equally, highest score wins
3. **Signal cooldown** - Prevents overtrading with minimum bar spacing
4. **Multi-indicator confluence** - 8 factors must align for signal generation
5. **Volume-candle alignment** - Volume spikes only count when matching candle direction
---
### Disclaimer
This strategy is for educational purposes. Backtest thoroughly before live trading. Options trading involves significant risk of loss. Past performance does not guarantee future results.
TMT 1M HA Scalping INDICATOR - Hitesh Nimje📊 TMT 1 Minute HA Scalping Strategy - Hitesh Nimje
🎯 Strategy Overview
A 1-minute scalping strategy designed for high-frequency trading using Heikin Ashi-inspired crossover logic with multiple filters for precision entries.
🔧 Key Components
1. Moving Averages (Trend Detection)
LineTypePeriodColorPurposeFast SMASimple MA9🔵 BluePrimary signal lineSlow SMASimple MA21🔴 RedSecondary confirmationTrend SMASMA (1H)50⚫ BlackOverall market trend bias
2. Entry Signals (Crossover Logic)
🔥 BUY Signal: Fast SMA (9) crosses ABOVE Slow SMA (21)
🔥 SELL Signal: Fast SMA (9) crosses BELOW Slow SMA (21)
3. Entry Filters (4-Layer Confirmation)
✅ LONG Entry = Crossover + Trend Up + RSI Overbought + Bar Confirmed
✅ SHORT Entry = Crossunder + Trend Down + RSI Oversold + Bar Confirmed
longCond = sma_slope > 0 AND rsi >= 70 AND buySignal
shortCond = sma_slope < 0 AND rsi <= 30 AND sellSignal
FilterLongShortPurposeTrend Slopesma_slope > 0sma_slope < 0Market directionRSI FilterRSI >= 70RSI <= 30Momentum extremeCrossoverFast > SlowFast < SlowEntry triggerBar Statebarstate.isconfirmedbarstate.isconfirmedNo repaint
⚡ Risk Management
Stop Loss (Dynamic ATR-based)
Long SL = Lowest Low (7) - 1×ATR(14)
Short SL = Highest High (7) + 1×ATR(14)
Take Profit (1:1 Risk-Reward)
Long TP = Entry + (Entry - SL distance)
Short TP = Entry - (SL distance - Entry)
⏰ Trading Hours
📅 Active: 00:00 - 14:59 (3:00 PM cutoff)
🛑 Auto-close: All positions closed at 15:00
🎨 Visual Elements
📍 BUY Labels: 🟢 Green (below bar)
📍 SELL Labels: 🔴 Red (above bar)
📈 Fast SMA: 🔵 Blue line (9-period)
📉 Slow SMA: 🔴 Red line (21-period)
📊 Trend SMA: ⚫ Black line (50-period, 1H)
⚙️ Input Parameters
ParameterDefaultPurposeEnd of Day1500 (3 PM)Auto-close timeLot Size1Position size
🚀 How It Works (Step-by-Step)
1. Monitor Fast(9) vs Slow(21) SMA crossover
2. Check 1H Trend SMA slope (up/down bias)
3. Validate RSI extreme (70+/30-)
4. Wait for bar confirmation
5. Enter with ATR-based SL & 1:1 TP
6. Auto-exit at 3 PM or SL/TP hit
💡 Strategy Strengths
* ✅ Multi-timeframe trend filter
* ✅ RSI momentum confirmation
* ✅ Dynamic ATR stop losses
* ✅ No repaint signals
* ✅ End-of-day risk control
* ✅ 1:1 Risk-Reward consistency
Perfect for 1-minute scalping on volatile instruments! 🔥
© Hitesh Nimje | Thought Magic Trading
Contact: 8087192915
TRADING DISCLAIMER
RISK WARNING
Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
NO FINANCIAL ADVICE
This indicator is provided for educational and informational purposes only. It does not constitute:
* Financial advice or investment recommendations
* Buy/sell signals or trading signals
* Professional investment advice
* Legal, tax, or accounting guidance
LIMITATIONS AND DISCLAIMERS
Technical Analysis Limitations
* Pivot points are mathematical calculations based on historical price data
* No guarantee of accuracy of price levels or calculations
* Markets can and do behave irrationally for extended periods
* Past performance does not guarantee future results
* Technical analysis should be used in conjunction with fundamental analysis
Data and Calculation Disclaimers
* Calculations are based on available price data at the time of calculation
* Data quality and availability may affect accuracy
* Pivot levels may differ when calculated on different timeframes
* Gaps and irregular market conditions may cause level failures
* Extended hours trading may affect intraday pivot calculations
Market Risks
* Extreme market volatility can invalidate all technical levels
* News events, economic announcements, and market manipulation can cause gaps
* Liquidity issues may prevent execution at calculated levels
* Currency fluctuations, inflation, and interest rate changes affect all levels
* Black swan events and market crashes cannot be predicted by technical analysis
USER RESPONSIBILITIES
Due Diligence
* You are solely responsible for your trading decisions
* Conduct your own research before using this indicator
* Verify calculations with multiple sources before trading
* Consider multiple timeframes and confirm levels with other technical tools
* Never rely solely on one indicator for trading decisions
Risk Management
* Always use proper risk management and position sizing
* Set appropriate stop-losses for all positions
* Never risk more than you can afford to lose
* Consider the inherent risks of leverage and margin trading
* Diversify your portfolio and trading strategies
Professional Consultation
* Consult with qualified financial advisors before trading
* Consider your tax obligations and legal requirements
* Understand the regulations in your jurisdiction
* Seek professional advice for complex trading strategies
LIMITATION OF LIABILITY
Indemnification
The creator and distributor of this indicator shall not be liable for:
* Any trading losses, whether direct or indirect
* Inaccurate or delayed price data
* System failures or technical malfunctions
* Loss of data or profits
* Interruption of service or connectivity issues
No Warranty
This indicator is provided "as is" without warranties of any kind:
* No guarantee of accuracy or completeness
* No warranty of uninterrupted or error-free operation
* No warranty of merchantability or fitness for a particular purpose
* The software may contain bugs or errors
Maximum Liability
In no event shall the liability exceed the purchase price (if any) paid for this indicator. This limitation applies regardless of the theory of liability, whether contract, tort, negligence, or otherwise.
REGULATORY COMPLIANCE
Jurisdiction-Specific Risks
* Regulations vary by country and region
* Some jurisdictions prohibit or restrict certain trading strategies
* Tax implications differ based on your location and trading frequency
* Commodity futures and options trading may have additional requirements
* Currency trading may be regulated differently than stock trading
Professional Trading
* If you are a professional trader, ensure compliance with all applicable regulations
* Adhere to fiduciary duties and best execution requirements
* Maintain required records and reporting
* Follow market abuse regulations and insider trading laws
TECHNICAL SPECIFICATIONS
Data Sources
* Calculations based on TradingView data feeds
* Data accuracy depends on broker and exchange reporting
* Historical data may be subject to adjustments and corrections
* Real-time data may have delays depending on data providers
Software Limitations
* Internet connectivity required for proper operation
* Software updates may change calculations or functionality
* TradingView platform dependencies may affect performance
* Third-party integrations may introduce additional risks
MONEY MANAGEMENT RECOMMENDATIONS
Conservative Approach
* Risk only 1-2% of capital per trade
* Use position sizing based on volatility
* Maintain adequate cash reserves
* Avoid over-leveraging accounts
Portfolio Management
* Diversify across multiple strategies
* Don't put all capital into one approach
* Regularly review and adjust trading strategies
* Maintain detailed trading records
FINAL LEGAL NOTICES
Acceptance of Terms
* By using this indicator, you acknowledge that you have read and understood this disclaimer
* You agree to assume all risks associated with trading
* You confirm that you are legally permitted to trade in your jurisdiction
Updates and Changes
* This disclaimer may be updated without notice
* Continued use constitutes acceptance of any changes
* It is your responsibility to stay informed of updates
Governing Law
* This disclaimer shall be governed by the laws of the jurisdiction where the indicator was created
* Any disputes shall be resolved in the appropriate courts
* Severability clause: If any part of this disclaimer is invalid, the remainder remains enforceable
REMEMBER: THERE ARE NO GUARANTEES IN TRADING. THE MAJORITY OF RETAIL TRADERS LOSE MONEY. TRADE AT YOUR OWN RISK.
Contact Information:
* Creator: Hitesh_Nimje
* Phone: Contact@8087192915
* Source: Thought Magic Trading
© HiteshNimje - All Rights Reserved
This disclaimer should be prominently displayed whenever the indicator is shared, sold, or distributed to ensure users are fully aware of the risks and limitations involved in trading.
Confluence Retournement Haussier - Ultimate V1This indicator was originally designed to visualize the right moment to enter a position. I buy stocks when they are falling, at the bottom before they rebound.
The 30‑minute chart with its 100 EMA was used as the baseline, but it can be applied to multiple timeframes. I even used it on a 1‑second chart for a ticker, and when there is volume it works wonderfully.
It’s up to you to check whether it fits the ticker you’re analyzing by testing it on historical data.
Drawback: it takes up screen space. Feel free to improve it.
See a ticker in freefall and wonder whether it’s a good time to buy or if it will keep falling? Switch your chart to 30 minutes and watch for triangles and green circles to start appearing.
You could call it momentum. Your background begins to show color when there is confluence. If it stays black, don’t buy.
Already in the trade and the screen turns black? Sell, and wait for the colors to return before buying back in
Confluence Retournement Haussier - Ultimate V1This indicator was originally designed to visualize the right moment to enter a position. I buy stocks when they are falling, at the bottom before they rebound.
The 30‑minute chart with its 100 EMA was used as the baseline, but it can be applied to multiple timeframes. I even used it on a 1‑second chart for a ticker, and when there is volume it works wonderfully.
It’s up to you to check whether it fits the ticker you’re analyzing by testing it on historical data.
Drawback: it takes up screen space. Feel free to improve it.
See a ticker in freefall and wonder whether it’s a good time to buy or if it will keep falling? Switch your chart to 30 minutes and watch for triangles and green circles to start appearing.
You could call it momentum. Your background begins to show color when there is confluence. If it stays black, don’t buy.
Already in the trade and the screen turns black? Sell, and wait for the colors to return before buying back in
PRO Trade Manager//@version=5
indicator("PRO Trade Manager", shorttitle="PRO Trade Manager", overlay=false)
// ============================================================================
// INPUTS
//This code and all related materials are the exclusive property of Trade Confident LLC. Any reproduction, distribution, modification, or unauthorized use of this code, in whole or in part, is strictly prohibited without the express written consent of Trade Confident LLC. Violations may result in civil and/or criminal penalties to the fullest extent of the law.
// © Trade Confident LLC. All rights reserved.
// ============================================================================
// Moving Average Settings
maLength = input.int(15, "Signal Strength", minval=1, tooltip="Length of the moving average to measure deviation from (lower = more sensitive)")
maType = "SMA" // Fixed to SMA, no longer user-selectable
// Deviation Settings
deviationLength = input.int(20, "Deviation Period", minval=1, tooltip="Lookback period for standard deviation calculation")
// Signal Frequency dropdown - controls both upper and lower thresholds
signalFrequency = input.string("More/Good Accuracy", "Signal Frequency", options= ,
tooltip="Normal/Highest Accuracy = ±2.0 StdDev | More/Good Accuracy = ±1.5 StdDev | Most/Moderate Accuracy = ±1.0 StdDev")
// Set thresholds based on selected frequency
upperThreshold = signalFrequency == "Most/Moderate Accuracy" ? 1.0 : signalFrequency == "More/Good Accuracy" ? 1.5 : 2.0
lowerThreshold = signalFrequency == "Most/Moderate Accuracy" ? -1.0 : signalFrequency == "More/Good Accuracy" ? -1.5 : -2.0
// Continuation Signal Settings
atrMultiplier = input.float(2.0, "TP/DCA Market Breakout Detection", minval=0, step=0.5, tooltip="Number of ATR moves required to trigger continuation signals (Set to 0 to disable)")
// Visual Settings
showMA = false // MA display removed from settings
showSignals = input.bool(true, "Show Alert Signals", tooltip="Show visual signals when price is overextended")
// ============================================================================
// CALCULATIONS
// ============================================================================
// Calculate Moving Average based on type
ma = switch maType
"SMA" => ta.sma(close, maLength)
"EMA" => ta.ema(close, maLength)
"WMA" => ta.wma(close, maLength)
"VWMA" => ta.vwma(close, maLength)
=> ta.sma(close, maLength)
// Calculate deviation from MA
deviation = close - ma
// Calculate standard deviation
stdDev = ta.stdev(close, deviationLength)
// Calculate number of standard deviations away from MA
deviationScore = stdDev != 0 ? deviation / stdDev : 0
// Smooth the deviation score slightly for cleaner signals
smoothedDeviation = ta.ema(deviationScore, 3)
// ============================================================================
// SIGNALS
// ============================================================================
// Overextended conditions
overextendedHigh = smoothedDeviation >= upperThreshold
overextendedLow = smoothedDeviation <= lowerThreshold
// Signal triggers (crossing into overextended territory)
bullishSignal = ta.crossunder(smoothedDeviation, lowerThreshold)
bearishSignal = ta.crossover(smoothedDeviation, upperThreshold)
// Track if we're in bright histogram zones
isBrightGreen = smoothedDeviation <= lowerThreshold
isBrightRed = smoothedDeviation >= upperThreshold
// Track if we were in bright zone on previous bar
wasBrightGreen = smoothedDeviation <= lowerThreshold
wasBrightRed = smoothedDeviation >= upperThreshold
// Detect oscillator turning up after bright green (buy signal)
// Trigger if we were in bright green and oscillator turns up, even if no longer bright green
oscillatorTurningUp = smoothedDeviation > smoothedDeviation
buySignal = barstate.isconfirmed and wasBrightGreen and oscillatorTurningUp and smoothedDeviation <= smoothedDeviation
// Detect oscillator turning down after bright red (sell signal)
// Trigger if we were in bright red and oscillator turns down, even if no longer bright red
oscillatorTurningDown = smoothedDeviation < smoothedDeviation
sellSignal = barstate.isconfirmed and wasBrightRed and oscillatorTurningDown and smoothedDeviation >= smoothedDeviation
// ============================================================================
// ATR-BASED CONTINUATION SIGNALS
// ============================================================================
// Calculate ATR for distance measurement
atrLength = 14
atr = ta.atr(atrLength)
// Track price levels when ANY sell or buy signal occurs (original or continuation)
var float lastSellPrice = na
var float lastBuyPrice = na
// Initialize tracking on original signals
if sellSignal
lastSellPrice := close
if buySignal
lastBuyPrice := close
// Continuation Sell Signal: Price moved up by ATR multiplier from last red dot
// Disabled when atrMultiplier is set to 0
continuationSell = atrMultiplier > 0 and barstate.isconfirmed and not na(lastSellPrice) and close >= lastSellPrice + (atrMultiplier * atr)
// Continuation Buy Signal: Price moved down by ATR multiplier from last green dot
// Disabled when atrMultiplier is set to 0
continuationBuy = atrMultiplier > 0 and barstate.isconfirmed and not na(lastBuyPrice) and close <= lastBuyPrice - (atrMultiplier * atr)
// Update reference prices when continuation signals trigger (reset the 3 ATR counter)
if continuationSell
lastSellPrice := close
if continuationBuy
lastBuyPrice := close
// Combine original and continuation signals for plotting
allBuySignals = buySignal or continuationBuy
allSellSignals = sellSignal or continuationSell
// Track if a signal occurred to keep it visible on dashboard
// Signals trigger at barstate.isconfirmed (bar close)
var bool showBuyOnDashboard = false
var bool showSellOnDashboard = false
// Update dashboard flags immediately when signals occur
if allBuySignals
showBuyOnDashboard := true
showSellOnDashboard := false
else if allSellSignals
showSellOnDashboard := true
showBuyOnDashboard := false
else if barstate.isconfirmed
// Reset flags on bar close if no new signal
showBuyOnDashboard := false
showSellOnDashboard := false
// ============================================================================
// PLOTTING
// ============================================================================
// Professional color scheme
var color colorBullish = #00C853 // Professional green
var color colorBearish = #FF1744 // Professional red
var color colorNeutral = #2962FF // Professional blue
var color colorGrid = #363A45 // Dark gray for lines
var color colorBackground = #1E222D // Chart background
// Dynamic line color based on value
lineColor = smoothedDeviation > upperThreshold ? colorBearish :
smoothedDeviation < lowerThreshold ? colorBullish :
smoothedDeviation > 0 ? color.new(colorBearish, 50) :
color.new(colorBullish, 50)
// Plot the deviation oscillator with dynamic coloring
plot(smoothedDeviation, "Deviation Score", color=lineColor, linewidth=2)
// Plot zero line
hline(0, "Zero Line", color=color.new(colorGrid, 0), linestyle=hline.style_solid, linewidth=1)
// Subtle fill for overextended zones (without visible threshold lines)
upperLine = hline(upperThreshold, "Upper Threshold", color=color.new(color.gray, 100), linestyle=hline.style_dashed, linewidth=1)
lowerLine = hline(lowerThreshold, "Lower Threshold", color=color.new(color.gray, 100), linestyle=hline.style_dashed, linewidth=1)
fill(upperLine, hline(3), color=color.new(colorBearish, 95), title="Overextended High Zone")
fill(lowerLine, hline(-3), color=color.new(colorBullish, 95), title="Overextended Low Zone")
// Histogram style visualization (optional alternative)
histogramColor = smoothedDeviation >= upperThreshold ? color.new(colorBearish, 20) :
smoothedDeviation <= lowerThreshold ? color.new(colorBullish, 20) :
smoothedDeviation > 0 ? color.new(colorBearish, 80) :
color.new(colorBullish, 80)
plot(smoothedDeviation, "Histogram", color=histogramColor, style=plot.style_histogram, linewidth=3)
// ============================================================================
// BUY/SELL SIGNAL MARKERS
// ============================================================================
// Plot buy signals at -3.5 level (includes both initial and extended signals)
plot(allBuySignals ? -3.5 : na, title="Buy Signal", style=plot.style_circles,
color=color.new(colorBullish, 0), linewidth=4)
// Plot sell signals at 3.5 level (includes both initial and extended signals)
plot(allSellSignals ? 3.5 : na, title="Sell Signal", style=plot.style_circles,
color=color.new(colorBearish, 0), linewidth=4)
// ============================================================================
// ALERTS - SIMPLIFIED TO ONLY TWO ALERTS
// ============================================================================
// Alert 1: Long Entry/Short TP - fires on ANY green dot (original or continuation)
alertcondition(allBuySignals, "Long Entry/Short TP", "Long Entry/Short TP")
// Alert 2: Long TP/Short Entry - fires on ANY red dot (original or continuation)
alertcondition(allSellSignals, "Long TP/Short Entry", "Long TP/Short Entry")
// ============================================================================
// DATA DISPLAY
// ============================================================================
// Create a professional table for current readings
var color tableBgColor = #1a2332 // Dark blue background
var table infoTable = table.new(position.middle_right, 2, 2, border_width=1,
border_color=color.new(#2962FF, 30),
frame_width=1,
frame_color=color.new(#2962FF, 30))
if barstate.islast
// Determine status
statusText = overextendedHigh ? "OVEREXTENDED ↓" :
overextendedLow ? "OVEREXTENDED ↑" :
smoothedDeviation > 0 ? "Buyers In Control" : "Sellers In Control"
statusColor = overextendedHigh ? color.new(colorBearish, 0) :
overextendedLow ? color.new(colorBullish, 0) :
color.white
// Background color for status cell
statusBgColor = color.new(tableBgColor, 0)
// Status Row
table.cell(infoTable, 0, 0, "Status",
bgcolor=color.new(tableBgColor, 0),
text_color=color.white,
text_size=size.normal)
table.cell(infoTable, 1, 0, statusText,
bgcolor=statusBgColor,
text_color=statusColor,
text_size=size.normal)
// Signal Row - always show
table.cell(infoTable, 0, 1, "Signal",
bgcolor=color.new(tableBgColor, 0),
text_color=color.white,
text_size=size.normal)
// Show signal if flags are set (will stay visible during the bar)
if showBuyOnDashboard or showSellOnDashboard
// Green dot (buy signal) = "Long Entry/Short TP" with arrow up, white text on green background
// Red dot (sell signal) = "Long TP/Short Entry" with arrow down, white text on red background
signalText = showBuyOnDashboard ? "↑ Long Entry/Short TP" : "↓ Long TP/Short Entry"
signalColor = showBuyOnDashboard ? color.new(colorBullish, 0) : color.new(colorBearish, 0)
table.cell(infoTable, 1, 1, signalText,
bgcolor=signalColor,
text_color=color.white,
text_size=size.normal)
else
table.cell(infoTable, 1, 1, "Watching...",
bgcolor=color.new(tableBgColor, 0),
text_color=color.new(color.white, 60),
text_size=size.normal)
Key Support and ResistanceKEY SUPPORT AND RESISTANCE - USER GUIDE
========================================
OVERVIEW
This indicator automatically identifies and displays key support and resistance levels based on swing highs and swing lows. It uses pivot point detection to mark significant price levels where the market has previously shown reactions, helping traders identify potential entry/exit points and key decision zones.
KEY FEATURES
• Automatic Level Detection: Identifies swing highs (resistance) and swing lows (support) using pivot point analysis
• Dynamic Line Management: Displays only recent levels within a specified lookback period to keep charts clean
• Auto-Extending Lines: Projects support/resistance levels forward to anticipate future price interactions
• Color-Coded Levels: Red lines for resistance, green lines for support for easy visual identification
========================================
PARAMETERS
========================================
Left Bars (Default: 10)
• Minimum: 5 bars
• Number of bars to the left of the pivot point
• Higher values = more significant levels but fewer signals
• Lower values = more sensitive detection but may include minor swings
Right Bars (Default: 10)
• Minimum: 5 bars
• Number of bars to the right of the pivot point
• Must be confirmed by price action before the level is drawn
• Balances between confirmation delay and signal accuracy
Show Last N Bars (Default: 200)
• Minimum: 10 bars
• Only displays support/resistance levels detected within the most recent N bars
• Keeps your chart clean by removing outdated levels
• Adjust based on your trading timeframe and style
Line Extension Length (Default: 48)
• Minimum: 1 bar
• How many bars forward the support/resistance lines extend
• Helps visualize potential future price interactions
• Longer extensions useful for swing trading, shorter for day trading
========================================
HOW TO USE
========================================
FOR SWING TRADERS
1. Use default settings (10/10) or increase to 15/15 for more significant levels
2. Set "Show Last N Bars" to 300-500 to capture longer-term levels
3. Look for price reactions when approaching these levels
4. Combine with volume analysis for confirmation
FOR DAY TRADERS
1. Consider reducing Left/Right Bars to 7-8 for more frequent signals
2. Set "Show Last N Bars" to 100-150 to focus on recent action
3. Reduce "Line Extension Length" to 20-30 bars
4. Watch for intraday bounces or breakouts at these levels
TRADING STRATEGIES
Bounce Trading (Mean Reversion)
• Enter long when price approaches green support lines
• Enter short when price approaches red resistance lines
• Use stop loss just beyond the support/resistance level
• Best in ranging or consolidating markets
Breakout Trading (Trend Following)
• Wait for price to break through resistance (bullish) or support (bearish)
• Confirm with increased volume
• Previous resistance becomes new support (and vice versa)
• Best in trending markets
Multi-Timeframe Analysis
• Check higher timeframe levels for major support/resistance zones
• Use lower timeframe levels for precise entry/exit timing
• Confluence of multiple timeframe levels creates strong zones
========================================
IMPORTANT NOTES
========================================
Line Confirmation Delay
• Lines appear with a delay equal to "Right Bars" parameter
• This delay ensures the pivot point is confirmed
• Real-time level detection requires price action confirmation
Chart Clarity
• Maximum 500 lines can be displayed (TradingView limitation)
• Adjust "Show Last N Bars" if chart becomes too cluttered
• Old lines automatically delete when outside the lookback period
False Signals
• Not all support/resistance levels will hold
• Use additional confirmation (volume, candlestick patterns, other indicators)
• Markets can break through levels, especially during high-impact news
BEST PRACTICES
1. Combine with Other Analysis: Use alongside trend indicators, volume, and price action patterns
2. Context Matters: Consider overall market trend and structure
3. Risk Management: Always use stop losses; don't rely solely on S/R levels
4. Market Conditions: More effective in liquid, actively traded markets
5. Backtesting: Test settings on your specific instrument and timeframe before live trading
TROUBLESHOOTING
Too Many Lines?
• Increase "Left Bars" and "Right Bars" values
• Decrease "Show Last N Bars" value
Too Few Lines?
• Decrease "Left Bars" and "Right Bars" values
• Increase "Show Last N Bars" value
Lines Not Appearing?
• Ensure sufficient price data is loaded on your chart
• Check that "Right Bars" have passed since the last swing point
• Verify indicator is properly loaded (refresh if needed)
TECHNICAL DETAILS
• Uses ta.pivothigh() and ta.pivotlow() functions for level detection
• Implements array-based line management for efficient rendering
• Automatic cleanup of outdated lines to maintain performance
• Overlay indicator - displays directly on price chart
Disclaimer: This indicator is for educational and informational purposes only. It does not constitute financial advice. Always conduct your own research and risk assessment before making trading decisions.
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中文使用指南
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概述
本指標自動識別並顯示基於波段高點和低點的關鍵支撐阻力位。使用樞軸點檢測標記市場先前反應的重要價格水平，幫助交易者識別潛在的進出場點和關鍵決策區域。
主要功能
• 自動水平檢測：使用樞軸點分析識別波段高點（阻力）和波段低點（支撐）
• 動態線條管理：僅顯示指定回看期內的近期水平，保持圖表清晰
• 自動延伸線條：將支撐阻力水平向前投影，預測未來價格互動
• 顏色編碼：紅線表示阻力，綠線表示支撐，便於視覺識別
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參數說明
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左側K棒數（預設：10）
• 最小值：5根K棒
• 樞軸點左側的K棒數量
• 數值越高 = 水平越重要但訊號越少
• 數值越低 = 檢測更敏感但可能包含次要波動
右側K棒數（預設：10）
• 最小值：5根K棒
• 樞軸點右側的K棒數量
• 必須經過價格行為確認後才繪製水平
• 在確認延遲和訊號準確性之間取得平衡
顯示最近N根K棒內的點（預設：200）
• 最小值：10根K棒
• 僅顯示最近N根K棒內檢測到的支撐阻力水平
• 透過移除過時水平保持圖表清晰
• 根據您的交易時間框架和風格調整
線條延伸長度（預設：48）
• 最小值：1根K棒
• 支撐阻力線向前延伸的K棒數
• 幫助視覺化潛在的未來價格互動
• 較長延伸適合波段交易，較短適合當沖交易
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使用方法
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波段交易者
1. 使用預設設定（10/10）或增加至15/15以獲得更重要的水平
2. 將「顯示最近N根K棒」設為300-500以捕捉長期水平
3. 觀察價格接近這些水平時的反應
4. 結合成交量分析進行確認
當沖交易者
1. 考慮將左右側K棒減少至7-8以獲得更頻繁的訊號
2. 將「顯示最近N根K棒」設為100-150以專注於近期行情
3. 將「線條延伸長度」減少至20-30根K棒
4. 觀察日內在這些水平的反彈或突破
交易策略
反彈交易（均值回歸）
• 當價格接近綠色支撐線時做多
• 當價格接近紅色阻力線時做空
• 在支撐阻力水平之外設置止損
• 在區間或盤整市場中效果最佳
突破交易（趨勢跟隨）
• 等待價格突破阻力（看漲）或支撐（看跌）
• 以增加的成交量確認
• 先前的阻力成為新的支撐（反之亦然）
• 在趨勢市場中效果最佳
多時間框架分析
• 檢查更高時間框架的主要支撐阻力區域
• 使用較低時間框架進行精確的進出場時機
• 多個時間框架水平的匯合創造強大區域
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重要注意事項
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線條確認延遲
• 線條出現時會有等於「右側K棒數」參數的延遲
• 此延遲確保樞軸點被確認
• 實時水平檢測需要價格行為確認
圖表清晰度
• 最多可顯示500條線（TradingView限制）
• 如果圖表變得太雜亂，請調整「顯示最近N根K棒」
• 超出回看期的舊線會自動刪除
假訊號
• 並非所有支撐阻力水平都會守住
• 使用額外確認（成交量、K棒型態、其他指標）
• 市場可能突破水平，特別是在重大新聞期間
最佳實踐
1. 結合其他分析：與趨勢指標、成交量和價格行為型態一起使用
2. 背景很重要：考慮整體市場趨勢和結構
3. 風險管理：始終使用止損；不要僅依賴支撐阻力水平
4. 市場條件：在流動性高、活躍交易的市場中更有效
5. 回測：在實盤交易前，在您的特定商品和時間框架上測試設定
故障排除
線條太多？
• 增加「左側K棒數」和「右側K棒數」數值
• 減少「顯示最近N根K棒」數值
線條太少？
• 減少「左側K棒數」和「右側K棒數」數值
• 增加「顯示最近N根K棒」數值
線條未出現？
• 確保圖表上載入了足夠的價格數據
• 檢查自上次波動點以來是否已過「右側K棒數」
• 驗證指標是否正確載入（如需要請刷新）
技術細節
• 使用 ta.pivothigh() 和 ta.pivotlow() 函數進行水平檢測
• 實施基於陣列的線條管理以實現高效渲染
• 自動清理過時線條以保持性能
• 疊加指標 - 直接顯示在價格圖表上
免責聲明：本指標僅供教育和資訊目的。不構成財務建議。在做出交易決策前，請務必進行自己的研究和風險評估。
