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Trend Range Detector (Zeiierman)█ Overview Trend Range Detector (Zeiierman) is a market structure tool that identifies and tracks periods of price compression by forming adaptive range boxes based on volatility and price movement. When prices remain stable within a defined band, the script dynamically draws a range box; when prices break out of that structure, the box highlights the breakout in real-time. By combining a volatility-based envelope with a custom weighted centerline, this tool filters out noise and isolates truly stable zones — providing a clean framework for traders who focus on accumulation, distribution, breakout anticipation, and reversion opportunities. Whether you're range trading, spotting trend consolidations, or looking for volatility contractions before major moves, the Trend Range Detector gives you a mathematically adaptive, visually intuitive structure that maps the heartbeat of the market. █ How It Works ⚪ Range Formation Engine The core of this indicator revolves around two conditions: Distance Filter: The maximum distance between all recent closes and a dynamic centerline must remain within a volatility envelope. Volatility Envelope: Based on an ATR(2000) multiplied by a user-defined factor to account for broader market volatility trends. If both conditions are satisfied over the most recent length bars, a range box is drawn to visually anchor the zone. ⚪ Dynamic Breakout Coloring When price breaks out of the top or bottom of the active range box, the box color shifts in real-time: Blue Boxes represent areas where price has remained within a defined volatility envelope over a sustained number of bars. These zones reflect stable, low-volatility periods, often associated with consolidation, equilibrium, or market indecision. Green Boxes for bullish breakouts. Red Boxes for bearish breakdowns. This allows traders to visually spot transitions from consolidation to expansion phases without relying on lagging signals. █ Why Use a Weighted Close Instead of SMA? A standard Simple Moving Average (SMA) treats all past closes equally, which works well in theory, but not in dynamic, fast-shifting markets. In this script, we replace the traditional SMA with a speed-weighted average that reflects how aggressively the market has moved bar-to-bar. ⚪ Here's why it matters: Bars with higher momentum (larger price differences between closes) are given more weight. Slow, sideways candles (typical in noise or low volume) contribute less to the calculated centerline. This method creates a more accurate snapshot of market behavior, especially during volatile phases. As a result, the indicator adapts to market conditions more effectively, helping traders identify real consolidation zones, not just average lines distorted by flat bars or noise. █ How to Use ⚪ Range Detection Boxes form only when price remains consistently close to the speed-weighted mean. Helps identify sideways zones, consolidations, and low-volatility structures where price is “charging up.” ⚪ Breakout Confirmation Once price exits the top or bottom boundary, the box immediately highlights the direction of the break. Use this signal in conjunction with your own momentum, volume, or trend filters for higher-confidence trades. █ Settings Minimum Range Length: Number of candles required for a valid range to form. Range Width Multiplier: Adjusts the envelope around the weighted average using ATR(2000). Highlight Box Breaks: Enables real-time coloring of breakouts and breakdowns for immediate visual feedback. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Penunjuk Pine Script®
oleh Zeiierman
26
Price Action[BreakOut] InternalSupport & Resistance (S/R): The script automatically identifies and draws support and resistance lines based on a user-defined "swing period." These lines are drawn from recent pivot points, and users can customize their appearance, including color, line style (solid, dashed, dotted), and extension (left, right, or both). The indicator can also display the exact price of each S/R level. Trendlines: It draws trendlines connecting pivot highs and pivot lows. This feature helps visualize the current trend direction. Users can choose to show only the newest trendlines, customize their length and style, and select the source for the pivot points (e.g., candle close or high/low shadow). Price Action Pivots: This is a core component that identifies and labels different types of pivots based on price action: Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL). These pivots are crucial for understanding market structure and identifying potential trend changes. The script marks these pivots with shapes and can display their price values. Fractal Breakouts: The script identifies and signals "fractal breakouts" and "breakdowns" when the price closes above a recent high pivot or below a recent low pivot, respectively. These signals are visually represented with up (⬆) and down (⬇) arrow symbols on the chart. Customization and Alerts: The indicator is highly customizable. You can toggle on/off various features (S/R, trendlines, pivots, etc.), adjust colors, line styles, and text sizes. It also includes an extensive list of alert conditions, allowing traders to receive notifications for: Price Crossovers: When the close price crosses over or under a support or resistance level. Trendline Breaks: When the price breaks above an upper trendline or below a lower trendline. Fractal Breaks: When a fractal breakout or breakdown occurs. In essence, this script is a powerful tool for price action traders who rely on key levels and market structure to make trading decisions. It automates the process of identifying and drawing crucial technical elements, providing clear visual signals and alerts.
Penunjuk Pine Script®
oleh titakunna_tk
Price Action [BreakOut] InternalKey Features and Functionality Support & Resistance (S/R): The script automatically identifies and draws support and resistance lines based on a user-defined "swing period." These lines are drawn from recent pivot points, and users can customize their appearance, including color, line style (solid, dashed, dotted), and extension (left, right, or both). The indicator can also display the exact price of each S/R level. Trendlines: It draws trendlines connecting pivot highs and pivot lows. This feature helps visualize the current trend direction. Users can choose to show only the newest trendlines, customize their length and style, and select the source for the pivot points (e.g., candle close or high/low shadow). Price Action Pivots: This is a core component that identifies and labels different types of pivots based on price action: Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL). These pivots are crucial for understanding market structure and identifying potential trend changes. The script marks these pivots with shapes and can display their price values. Fractal Breakouts: The script identifies and signals "fractal breakouts" and "breakdowns" when the price closes above a recent high pivot or below a recent low pivot, respectively. These signals are visually represented with up (⬆) and down (⬇) arrow symbols on the chart. Customization and Alerts: The indicator is highly customizable. You can toggle on/off various features (S/R, trendlines, pivots, etc.), adjust colors, line styles, and text sizes. It also includes an extensive list of alert conditions, allowing traders to receive notifications for: Price Crossovers: When the close price crosses over or under a support or resistance level. Trendline Breaks: When the price breaks above an upper trendline or below a lower trendline. Fractal Breaks: When a fractal breakout or breakdown occurs.
Penunjuk Pine Script®
oleh titakunna_tk
NY HIGH LOW BREAKNY HIGH LOW BREAK: A New York Session Breakout Strategy The "NY HIGH LOW BREAK" indicator is a powerful TradingView script designed to identify and capitalize on breakout opportunities during the New York trading session. This strategy focuses on the initial price action of the New York market open, looking for clear breaches of the high or low established within the first 30 minutes. It's particularly suited for intraday traders who seek to capture momentum-driven moves. Strategy Logic The core of the "NY HIGH LOW BREAK" strategy revolves around these key components: New York Session Opening Range Identification: The script first identifies the opening range of the New York session. This is defined by the high and low prices established during the first 30 minutes of the New York trading session (from 7:01 AM GMT-4 to 7:31 AM GMT-4). These crucial levels are then extended forward on the chart as horizontal lines, serving as potential support and resistance zones. Breakout Signal Generation: Long Signal: A buy signal is generated when the price breaks above the high of the New York opening range. Specifically, it looks for a candle whose open and close are both above the highLinePrice, and importantly, the previous candle's open was below and close was above the highLinePrice. This indicates a strong upward momentum confirming the breakout. Short Signal: Conversely, a sell signal is generated when the price breaks below the low of the New York opening range. It looks for a candle whose open and close are both below the lowLinePrice, and the previous candle's open was above and close was below the lowLinePrice. This suggests strong downward momentum confirming the breakdown. Supertrend Filter (Implicit/Future Enhancement): While the supertrend and direction variables are present in the code, they are not actively used in the current signal generation logic. This suggests a potential future enhancement where the Supertrend indicator could be incorporated as a trend filter to confirm breakout directions, adding an extra layer of confluence to the signals. For example, only taking long breakouts when Supertrend indicates an uptrend, and short breakouts when Supertrend indicates a downtrend. Second Candle Confirmation (Possible Future Enhancement): The close_sec_candle function and openSEC, closeSEC variables indicate an attempt to capture the open and close of a "second candle" (30 minutes after the initial New York open). Currently, closeSEC is used in a specific condition for signal_way but not directly in the primary longSignal or shortSignal logic. This also suggests a potential future refinement where the price action of this second candle could be used for further confirmation or specific entry criteria. Time-Based Filtering: Signals are only considered valid within a specific trading window from 8:00 AM GMT-4 to 8:00 AM GMT-4 + 16 * 30 minutes (which is 480 minutes, or 8 hours) on 1-minute and 5-minute timeframes. This ensures that trades are taken during the most active and volatile periods of the New York session, avoiding late-session chop. The script also highlights the New York session and lunch hours using background colors, providing visual context to the trading day. Key Features Automated New York Open Range Detection: The script automatically identifies and plots the high and low of the first 30 minutes of the New York trading session. Clear Breakout Signals: Visually distinct "BUY" and "SELL" labels appear on the chart when a breakout occurs, making it easy to spot trading opportunities. Timeframe Adaptability: While optimized for 1-minute and 5-minute timeframes for signal generation, the opening range lines can be displayed on various timeframes. Customizable Risk-to-Reward (RR): The rr input allows users to define their preferred risk-to-reward ratio for potential trades, although it's not directly implemented in the current signal or trade management logic. This could be used by traders for manual trade management. Visual Session and Lunch Highlights: The script colors the background to clearly delineate the New York trading session and the lunch break, helping traders understand the market context. How to Use Apply the Indicator: Add the "NY HIGH LOW BREAK" indicator to your chart on TradingView. Select a Relevant Timeframe: For optimal signal generation, use 1-minute or 5-minute timeframes. Observe the Opening Range: The green and red lines represent the high and low of the first 30 minutes of the New York session. Look for Breakouts: Wait for price to decisively break above the green line (for a buy) or below the red line (for a sell). Confirm Signals: The "BUY" or "SELL" labels will appear on the chart when the breakout conditions are met within the active trading window. Implement Your Risk Management: Use your preferred risk management techniques, including stop-loss and take-profit levels, in conjunction with the signals generated. The rr input can guide your manual risk-to-reward calculations. Potential Enhancements & Considerations Supertrend Confirmation: Integrating the supertrend variable to filter signals would significantly enhance the strategy's robustness by aligning trades with the prevailing trend. Stop-Loss and Take-Profit Automation: The rr input currently serves as a manual guide. Future versions could integrate automated stop-loss and take-profit placement based on this ratio, potentially using ATR for dynamic sizing. Volume Confirmation: Adding a volume filter to confirm breakouts would ensure that only high-conviction moves are traded. Backtesting and Optimization: Thorough backtesting across various assets and market conditions is crucial to determine the optimal settings and profitability of this strategy. Session Times: The current session times are hardcoded. Making these user-definable inputs would allow for greater flexibility across different time zones and trading preferences. The "NY HIGH LOW BREAK" is a straightforward yet effective strategy for capturing initial New York session momentum. By focusing on clear breakout levels, it aims to provide timely and actionable trading signals for intraday traders.
Penunjuk Pine Script®
oleh hassansadeghirashed
Range Finder [UAlgo]🔶 Description: The "Range Finder " indicator aims at identifying and visualizing price ranges within a specified number of candles. By utilizing the Average True Range (ATR) indicator and Simple Moving Average (SMA), it detects potential breakout conditions and tracks consecutive candles that remain within the breakout range. This indicator offers flexibility by allowing users to customize settings such as range length, method for determining range breaks (based on either candle close or wick), and visualization options for displaying range breaks on the chart. 🔶 Key Features Identifying Ranges: The Range Finder automatically adapts to the market by continuously evaluating the Average True Range (ATR) and its Simple Moving Average (SMA). This helps in dynamically adjusting the range based on market volatility. Range Length: Users can specify the number of candles to be used for constructing the range via the "Range Length" input setting. This allows for customization based on trading strategies and preferences. Range Break Method: The indicator offers the flexibility to choose between two methods for identifying range breaks. Users can select between "Close" or "Wick" based on their preference for using the closing price or the highs and lows (including wicks) of candles for defining the breakout. Show Range Breaks: This option enables visual representation of range breaks on the chart. When activated, labels with the letter "B" will appear at the breakout point, colored according to the breakout direction (upward breakouts in the chosen up range color and downward breakouts in the chosen down range color). Range Color Customization: The indicator provides the ability to personalize the visual appearance of the range by selecting preferred colors for ranges indicating potential upward and downward breakouts. 🔶 Disclaimer It's important to understand that the Range Finder indicator is intended for informational purposes only and should not be solely relied upon for making trading decisions. Trading financial instruments involves inherent risks, and past performance is not necessarily indicative of future results.
Penunjuk Pine Script®
oleh UAlgo
4
BASE - Consolidation with Fractal BreakoutsHow It Works This indicator analyzes historical price data to find periods where the market is trading within a relatively tight range, which is a key characteristic of consolidation. Once a consolidation period is identified, it draws a channel showing the upper and lower price boundaries. The indicator then looks for a breakout, which is a significant price movement beyond these boundaries. Fractal Breakouts: The script uses a fractal-based approach to confirm breakouts. A fractal is a specific price pattern that marks a high or low point in the market. The code identifies a breakout when the price breaks above a previous fractal high (an upward breakout) or below a previous fractal low (a downward breakout). Visual Elements: The indicator provides several visual cues to help traders: Consolidation Zone: It shades the area between the high and low of the consolidation period to make it visually distinct. Boundary Lines: It draws dashed lines marking the high and low prices of the consolidation range. Middle Line: An optional line is displayed at the 50% mark of the consolidation range. Breakout Symbols: It places up (⬆) or down (⬇) arrow symbols on the chart to indicate the direction of a confirmed breakout. Candle Colors: It can optionally color the price candles themselves to signal a breakout. Alerts: The script is configured to trigger an alert when a breakout occurs, notifying the user. Customization The script offers several user-configurable settings to tailor its behavior, which are accessed through the indicator's settings menu: Loopback Period: Controls the number of past bars the indicator looks at to identify price fractals. Min Consolidation Length: Sets the minimum number of bars required to define a valid consolidation period. Paint Consolidation Area: A toggle to show or hide the shaded consolidation zone. Show Fractal Breakout Symbols: A toggle to show or hide the breakout symbols. Show Middle Price Line: A toggle to show or hide the middle price line. Color Candles on Breakout: A toggle to enable or disable coloring the candles during a breakout. This tool is useful for traders who employ breakout strategies, as it automates the process of identifying potential entry and exit points after a period of market indecision.
Penunjuk Pine Script®
oleh titakunna_tk
BASE - Consolidation with Fractal BreakoutsHow It Works This indicator analyzes historical price data to find periods where the market is trading within a relatively tight range, which is a key characteristic of consolidation. Once a consolidation period is identified, it draws a channel showing the upper and lower price boundaries. The indicator then looks for a breakout, which is a significant price movement beyond these boundaries. Fractal Breakouts: The script uses a fractal-based approach to confirm breakouts. A fractal is a specific price pattern that marks a high or low point in the market. The code identifies a breakout when the price breaks above a previous fractal high (an upward breakout) or below a previous fractal low (a downward breakout). Visual Elements: The indicator provides several visual cues to help traders: Consolidation Zone: It shades the area between the high and low of the consolidation period to make it visually distinct. Boundary Lines: It draws dashed lines marking the high and low prices of the consolidation range. Middle Line: An optional line is displayed at the 50% mark of the consolidation range. Breakout Symbols: It places up (⬆) or down (⬇) arrow symbols on the chart to indicate the direction of a confirmed breakout. Candle Colors: It can optionally color the price candles themselves to signal a breakout. Alerts: The script is configured to trigger an alert when a breakout occurs, notifying the user. Customization The script offers several user-configurable settings to tailor its behavior, which are accessed through the indicator's settings menu: Loopback Period: Controls the number of past bars the indicator looks at to identify price fractals. Min Consolidation Length: Sets the minimum number of bars required to define a valid consolidation period. Paint Consolidation Area: A toggle to show or hide the shaded consolidation zone. Show Fractal Breakout Symbols: A toggle to show or hide the breakout symbols. Show Middle Price Line: A toggle to show or hide the middle price line. Color Candles on Breakout: A toggle to enable or disable coloring the candles during a breakout. This tool is useful for traders who employ breakout strategies, as it automates the process of identifying potential entry and exit points after a period of market indecision.
Penunjuk Pine Script®
oleh titakunna_tk
RSI Volatility Suppression Zones [BigBeluga]RSI Volatility Suppression Zones is an advanced indicator that identifies periods of suppressed RSI volatility and visualizes these suppression zones on the main chart. It also highlights breakout dynamics, giving traders actionable insights into potential market momentum. 🔵 Key Features: Detection of Suppression Zones: Identifies periods where RSI volatility is suppressed and marks these zones on the main price chart. Breakout Visualization: When the price breaks above the suppression zone, the box turns aqua, and an upward label is drawn to indicate a bullish breakout. If the price breaks below the zone, the box turns purple, and a downward label is drawn for a bearish breakout. Breakouts accompanied by a "+" label represent strong moves caused by short-lived, tight zones, signaling significant momentum. Wave Labels for Consolidation: If the suppression zone remains unbroken, a "wave" label is displayed within the gray box, signifying continued price stability within the range. Gradient Intensity Below RSI: A gradient strip below the RSI line increases in intensity based on the duration of the suppressed RSI volatility period. This visual aid helps traders gauge how extended the low volatility phase is. 🔵 Usage: Identify Breakouts: Use color-coded boxes and labels to detect breakouts and their direction, confirming potential trend continuation or reversals. Evaluate Market Momentum: Leverage "+" labels for strong breakout signals caused by short suppression phases, indicating significant market moves. Monitor Price Consolidation: Observe gray boxes and wave labels to understand ongoing consolidation phases. Analyze RSI Behavior: Utilize the gradient strip to measure the longevity of suppressed volatility phases and anticipate breakout potential. RSI Volatility Suppression Zones provides a powerful visual representation of RSI volatility suppression, breakout signals, and price consolidation, making it a must-have tool for traders seeking to anticipate market movements effectively.
Penunjuk Pine Script®
oleh BigBeluga
36
US 30 Daily Breakout Strategy The US 30 Daily Breakout Strategy (Single Trade Per Breakout/Breakdown) is a trading approach for the US 30 (Dow Jones Industrial Average) that aims to capture breakout or breakdown moves based on the previous day’s high and low levels. The strategy includes mechanisms to take only one trade per breakout (or breakdown) each day and ensures that each trade is executed only when no other trade is open. Entry Conditions: Long Trade (Breakout): The strategy initiates a long position if the current candle closes above the previous day's high, indicating an upward breakout. Only one breakout trade can occur per day, regardless of whether the price remains above the previous high. Short Trade (Breakdown): The strategy initiates a short position if the current candle closes below the previous day's low, indicating a downward breakdown. Similarly, only one breakdown trade can occur per day. Risk Management: Take Profit and Stop Loss: Each trade has a take profit and stop loss of 50 points, aiming to cap profit and limit loss effectively for each position. Daily Reset Mechanism: At the start of each new day (based on New York time), the strategy resets its flags, allowing it to look for new breakout or breakdown trades. This reset ensures that only one trade can be taken per breakout or breakdown level each day. Execution Logic Flags for Trade Limitation: Flags (breakout_traded and breakdown_traded) are used to ensure only one breakout or breakdown trade is taken per day. These flags reset daily. Dynamic Plotting: The previous day’s high and low are plotted on the chart, providing a visual reference for potential breakout or breakdown levels. Overall Objective This strategy is designed to capture single-directional daily moves by identifying significant breakouts or breakdowns beyond the previous day’s range. The fixed profit and loss limits ensure the trades are managed with controlled risk, while the daily reset feature prevents overtrading and limits each trade opportunity to one breakout and one breakdown attempt per day.
Strategi Pine Script®
oleh yavanmahur
Monthly Breakout StrategyThis Monthly High/Low Breakout Strategy is designed to take long or short positions based on breakouts from the high or low of the previous month. Users can select whether they want to go long at a breakout above the previous month’s high, short at a breakdown below the previous month’s low, or use the reverse logic. Additionally, it includes a month filter, allowing trades to be executed only during user-specified months. Breakout strategies, particularly those based on monthly highs and lows, aim to capitalize on price momentum. These systems rely on the assumption that once a significant price level is breached (such as the previous month's high or low), the market is likely to continue moving in the same direction due to increased volatility and trend-following behaviors by traders. Studies have demonstrated the potential effectiveness of breakout strategies in financial markets. Scientific Evidence Supporting Breakout Strategies: Momentum in Financial Markets: Research on momentum-based strategies, which include breakout trading, shows that securities breaking key levels of support or resistance tend to continue their price movement in the direction of the breakout. Jegadeesh and Titman (1993) found that stocks with strong performance over a given period tend to continue performing well in subsequent periods, a principle also applied to breakout strategies. Behavioral Finance: The psychological factor of herd behavior is one of the driving forces behind breakout strategies. When prices break out of a key level (such as a monthly high), it triggers increased buying or selling pressure as traders join the trend. Barberis, Shleifer, and Vishny (1998) explained how cognitive biases, such as overconfidence and sentiment, can amplify price trends, which breakout strategies attempt to exploit. Market Efficiency: While markets are generally efficient, periods of inefficiency can occur, particularly around the breakouts of significant price levels. These inefficiencies often result in temporary price trends, which breakout strategies can exploit before the market corrects itself (Fama, 1970). Risk Considerations: Despite the potential for profit, the Monthly Breakout Strategy comes with several risks: False Breakouts: One of the most common risks in breakout strategies is the occurrence of false breakouts. These happen when the price temporarily moves above (or below) a key level but quickly reverses direction, causing losses for traders who entered positions too early. This is particularly risky in low-volatility environments. Market Volatility: Monthly breakout strategies rely on momentum, which may not be consistent across different market conditions. During periods of low volatility, price breakouts might lack the follow-through required for the strategy to succeed, leading to poor performance. Whipsaw Risk: The strategy is vulnerable to whipsaw markets, where prices oscillate around key levels without establishing a clear direction. This can result in frequent entry and exit signals that lead to losses, especially if trading costs are not managed properly. Overfitting to Past Data: If the month-selection filter is overly optimized based on historical data, the strategy may suffer from overfitting—performing well in backtests but poorly in real-time trading. This happens when strategies are tailored to past market conditions that may not repeat. Conclusion: While monthly breakout strategies can be effective in markets with strong momentum, they are subject to several risks, including false breakouts, volatility dependency, and whipsaw behavior. It is crucial to backtest this strategy thoroughly and ensure it aligns with your risk tolerance before implementing it in live trading. References: Jegadeesh, N., & Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. Journal of Finance, 48(1), 65-91. Barberis, N., Shleifer, A., & Vishny, R. (1998). A Model of Investor Sentiment. Journal of Financial Economics, 49(3), 307-343. Fama, E. F. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. Journal of Finance, 25(2), 383-417.
Strategi Pine Script®
oleh EdgeTools
Dual Channel System [Alpha Extract]A sophisticated trend-following and reversal detection system that constructs dynamic support and resistance channels using volatility-adjusted ATR calculations and EMA smoothing for optimal market structure analysis. Utilizing advanced dual-zone methodology with step-like boundary evolution, this indicator delivers institutional-grade channel analysis that adapts to varying volatility conditions while providing high-probability entry and exit signals through breakthrough and rejection detection with comprehensive visual mapping and alert integration. 🔶 Advanced Channel Construction Implements dual-zone architecture using recent price extremes as foundation points, applying EMA smoothing to reduce noise and ATR multipliers for volatility-responsive channel widths. The system creates resistance channels from highest highs and support channels from lowest lows with asymmetric multiplier ratios for optimal market reaction zones. // Core Channel Calculation Framework ATR = ta.atr(14) // Resistance Channel Construction Resistance_Basis = ta.ema(ta.highest(high, lookback), lookback) Resistance_Upper = Resistance_Basis + (ATR * resistance_mult) Resistance_Lower = Resistance_Basis - (ATR * resistance_mult * 0.3) // Support Channel Construction Support_Basis = ta.ema(ta.lowest(low, lookback), lookback) Support_Upper = Support_Basis + (ATR * support_mult * 0.4) Support_Lower = Support_Basis - (ATR * support_mult) // Smoothing Application Smoothed_Resistance_Upper = ta.ema(Resistance_Upper, smooth_periods) Smoothed_Support_Lower = ta.ema(Support_Lower, smooth_periods) 🔶 Volatility-Adaptive Zone Framework Features dynamic ATR-based width adjustment that expands channels during high-volatility periods and contracts during consolidation phases, preventing false signals while maintaining sensitivity to genuine breakouts. The asymmetric multiplier system optimizes zone boundaries for realistic market behavior patterns. // Dynamic Volatility Adjustment Channel_Width_Resistance = ATR * resistance_mult Channel_Width_Support = ATR * support_mult // Asymmetric Zone Optimization Resistance_Zone = Resistance_Basis ± (ATR_Multiplied * ) Support_Zone = Support_Basis ± (ATR_Multiplied * ) 🔶 Step-Like Boundary Evolution Creates horizontal step boundaries that update on smoothed bound changes, providing visual history of evolving support and resistance levels with performance-optimized array management limited to 50 historical levels for clean chart presentation and efficient processing. 🔶 Comprehensive Signal Detection Generates break and bounce signals through sophisticated crossover analysis, monitoring price interaction with smoothed channel boundaries for high-probability entry and exit identification. The system distinguishes between breakthrough continuation and rejection reversal patterns with precision timing. 🔶 Enhanced Visual Architecture Provides translucent zone fills with gradient intensity scaling, step-like historical boundaries, and dynamic background highlighting that activates upon zone entry. The visual system uses institutional color coding with red resistance zones and green support zones for intuitive market structure interpretation. 🔶 Intelligent Zone Management Implements automatic zone relevance filtering, displaying channels only when price proximity warrants analysis attention. The system maintains optimal performance through smart array management and historical level tracking with configurable lookback periods for various market conditions. 🔶 Multi-Dimensional Analysis Framework Combines trend continuation analysis through breakthrough patterns with reversal detection via rejection signals, providing comprehensive market structure assessment suitable for both trending and ranging market conditions with volatility-normalized accuracy. 🔶 Advanced Alert Integration Features comprehensive notification system covering breakouts, breakdowns, rejections, and bounces with customizable alert conditions. The system enables precise position management through real-time notifications of critical channel interaction events and zone boundary violations. 🔶 Performance Optimization Utilizes efficient EMA smoothing algorithms with configurable periods for noise reduction while maintaining responsiveness to genuine market structure changes. The system includes automatic historical level cleanup and performance-optimized visual rendering for smooth operation across all timeframes. Why Choose Dual Channel System ? This indicator delivers sophisticated channel-based market analysis through volatility-adaptive ATR calculations and intelligent zone construction methodology. By combining dynamic support and resistance detection with advanced signal generation and comprehensive visual mapping, it provides institutional-grade channel analysis suitable for cryptocurrency, forex, and equity markets. The system's ability to adapt to varying volatility conditions while maintaining signal accuracy makes it essential for traders seeking systematic approaches to breakout trading, zone reversals, and trend continuation analysis with clearly defined risk parameters and comprehensive alert integration. Also to note, this indicator is best suited for the 1D timeframe.
Penunjuk Pine Script®
oleh AlphaExtract
Multi-Timeframe S/R & Breakout Projection1) What This Script Does Collects S/R levels from the 15-minute and 1-hour timeframes, using each timeframe’s pivot detection. Sorts those pivot-based levels by their distance from the current price, so you see the nearest levels first. Draws up to a user-defined number of those levels as horizontal rays on the current chart. Checks breakouts at the nearest S/R line (the one with the smallest distance from price): Real Breakout: price breaks above a level and sustains above it for the specified number of bars. False Breakout: price breaks above but quickly closes back below within the specified lookback. On confirmation of a real or false breakout, that S/R line changes color to green if price is going higher, or red if price is going lower. Displays a small table in the corner with: Daily Trend: bullish or bearish, using an SMA on a 30-minute timeframe. Sentiment: bullish or bearish, using RSI on the same 30-minute timeframe. 2) How It Works Multi-Timeframe Pivot Detection The script uses request.security() to fetch pivot highs/lows from two higher timeframes (15m and 60m). It collects up to a user-specified number of these pivots (numRecent) from each TF. Sorting & Plotting S/R Lines Once pivot values are gathered, the script calculates their “distance” from current price. It sorts them so that the S/R lines drawn on your chart are the nearest ones first. Each line is drawn with a color and style you can customize: srRayColor sets the overall color (e.g. yellow). srRayStyleOptions can be Solid, Dashed, or Dotted. Breakout Determination After drawing the lines, the script looks at the nearest line and applies two specialized checks (f_isFalseBreakout & f_isRealBreakout): A real breakout occurs if price closes above (or below) and remains on that side for breakLook bars. A false breakout occurs if price closes above (or below) but quickly returns. When a breakout is confirmed, that nearest line changes color to: Green if price is ultimately going up, Red if price is going down. Daily Trend & Sentiment Table A small table in the bottom-right corner shows: Daily Trend: uses a 30-minute SMA to see if your price is above/below on that timeframe. Sentiment: uses the RSI (also on 30m). A value over 50 suggests bullish sentiment; under 50 suggests bearish. 3) How to Use It Timeframes & Pivots Choose how many pivots (numRecent) from each TF to fetch (up to 10 total). A higher number means you’ll see more historical S/R lines. Customize pivotLeft & pivotRight for how “wide” the pivot detection is. Line Customization In the script’s Inputs tab, you’ll find: S/R Rays Color – sets the hue of the lines. S/R Line Style – pick from Solid, Dashed, or Dotted. Liquidity Lines Color – color for the smaller pivot lines from your chart timeframe’s pivot detection. Breakout Lookback breakLook determines how many bars must confirm or refute the breakout. Adjust it based on how conservative or aggressive you want the breakout detection. Check the Table In the bottom-right, watch the script’s “Daily Trend” & “Sentiment”. This can be a quick filter for trades: “Bullish” daily trend with a bullish sentiment is often more favorable for long trades. Conversely, “Bearish” daily trend & sentiment can confirm short ideas. Scenarios If you see a “Real Breakout” label near the line, the script recolors that line green or red, indicating a possible continuous move. A “False Breakout” label suggests the price has quickly retraced. 4) Originality & Concepts Multi-Timeframe Approach: Many S/R indicators fetch only local pivot lines; here, we explicitly gather pivot points from two separate TFs (15m & 60m) and project them onto your lower timeframe chart. Distance-Based Sorting ensures you only see the nearest lines on the chart, preventing clutter from excessive lines. Breakout Logic used is straightforward but effective: it checks if price truly holds beyond a level (real breakout) or fails to hold (false breakout). Line Recoloring provides immediate visual feedback on the success or failure of the breakout. 5) Chart Usage Plot this script on a relatively low timeframe chart (like the 1m, 5m, or 15m) to see the higher timeframe S/R lines. Select how many S/R lines you want to show, choose the line style, set your pivot detection parameters, then watch for breakouts. Tips: Start with fewer lines (maxLevels=3 or 5) so the chart remains clear. You can experiment with a small breakLook if you want more immediate breakout signals, or a higher breakLook if you need stronger confirmation. Enjoy using the “Multi-Timeframe S/R & Breakout Projection” script! It simplifies the manual process of spotting higher timeframe pivot lines and helps you quickly assess potential breakouts or fakes on your intraday charts, all while giving you a snapshot of the higher timeframe’s trend and sentiment.
Penunjuk Pine Script®
oleh d3m4h
Market Structure Break with Volume & ATR#### Indicator Overview: The *Market Structure Break with Volume & ATR (MSB+VolATR)* indicator is designed to identify significant market structure breakouts and breakdowns using a combination of price action, volume analysis, and volatility (ATR). It is particularly useful for traders who rely on higher timeframes for swing trading or positional trading. The indicator highlights bullish and bearish breakouts, retests, fakeouts, and potential buy/sell signals based on RSI overbought/oversold conditions. --- ### Key Features: 1. *Market Structure Analysis*: - Identifies swing highs and lows on a user-defined higher timeframe. - Detects breakouts and breakdowns when price exceeds these levels with volume and ATR validation. 2. *Volume Validation*: - Ensures breakouts are accompanied by above-average volume, reducing the likelihood of false signals. 3. *ATR Filter*: - Filters out insignificant breakouts by requiring the breakout size to exceed a multiple of the ATR. 4. *RSI Integration*: - Adds a momentum filter by considering overbought/oversold conditions using RSI. 5. *Visual Enhancements*: - Draws colored boxes to highlight breakout zones. - Labels breakouts, retests, and fakeouts for easy interpretation. - Displays stop levels for potential trades. 6. *Alerts*: - Provides alert conditions for buy and sell signals, enabling real-time notifications. --- ### Input Settings and Their Effects: 1. **Timeframe (tf): - Determines the higher timeframe for market structure analysis. - *Effect*: A higher timeframe (e.g., 1D) reduces noise and provides more reliable swing points, while a lower timeframe (e.g., 4H) may generate more frequent but less reliable signals. 2. **Lookback Period (length): - Defines the number of historical bars used to identify significant highs and lows. - *Effect*: A longer lookback period (e.g., 50) captures broader market structure, while a shorter period (e.g., 20) reacts faster to recent price action. 3. **ATR Length (atr_length): - Sets the period for ATR calculation. - *Effect*: A shorter ATR length (e.g., 14) reacts faster to recent volatility, while a longer length (e.g., 21) smooths out volatility spikes. 4. **ATR Multiplier (atr_multiplier): - Filters insignificant breakouts by requiring the breakout size to exceed ATR × multiplier. - *Effect*: A higher multiplier (e.g., 0.2) reduces false signals but may miss smaller breakouts. 5. **Volume Multiplier (volume_multiplier): - Sets the volume threshold for breakout validation. - *Effect*: A higher multiplier (e.g., 1.0) ensures stronger volume confirmation but may reduce the number of signals. 6. **RSI Length (rsi_length): - Defines the period for RSI calculation. - *Effect*: A shorter RSI length (e.g., 10) makes the indicator more sensitive to recent price changes, while a longer length (e.g., 20) smooths out RSI fluctuations. 7. *RSI Overbought/Oversold Levels*: - Sets the thresholds for overbought (default: 70) and oversold (default: 30) conditions. - *Effect*: Adjusting these levels can make the indicator more or less conservative in generating signals. 8. **Stop Loss Multiplier (SL_Multiplier): - Determines the distance of the stop-loss level from the entry price based on ATR. - *Effect*: A higher multiplier (e.g., 2.0) provides wider stops, reducing the risk of being stopped out prematurely but increasing potential losses. --- ### How It Works: 1. *Breakout Detection*: - A bullish breakout occurs when the close exceeds the highest high of the lookback period, with volume above the threshold and breakout size exceeding ATR × multiplier. - A bearish breakout occurs when the close falls below the lowest low of the lookback period, with similar volume and ATR validation. 2. *Retest Logic*: - After a breakout, if price retests the breakout zone without closing beyond it, a retest label is displayed. 3. *Fakeout Detection*: - If price briefly breaks out but reverses back into the range, a fakeout label is displayed. 4. *Buy/Sell Signals*: - A sell signal is generated when price reverses below a bullish breakout zone and RSI is overbought. - A buy signal is generated when price reverses above a bearish breakout zone and RSI is oversold. 5. *Stop Levels*: - Stop-loss levels are plotted based on ATR × SL_Multiplier, providing a visual guide for risk management. --- ### Who Can Use It and How: 1. *Swing Traders*: - Use the indicator on daily or 4-hour timeframes to identify high-probability breakout trades. - Combine with other technical analysis tools (e.g., trendlines, Fibonacci levels) for confirmation. 2. *Positional Traders*: - Apply the indicator on weekly or daily charts to capture long-term trends. - Use the stop-loss levels to manage risk over extended periods. 3. *Algorithmic Traders*: - Integrate the buy/sell signals into automated trading systems. - Use the alert conditions to trigger trades programmatically. 4. *Risk-Averse Traders*: - Adjust the ATR and volume multipliers to filter out low-probability trades. - Use wider stop-loss levels to avoid premature exits. --- ### Where to Use It: - *Forex*: Identify breakouts in major currency pairs. - *Stocks*: Spot trend reversals in high-volume stocks. - *Commodities*: Trade breakouts in gold, oil, or other commodities. - *Crypto*: Apply to Bitcoin, Ethereum, or other cryptocurrencies for volatile breakout opportunities. --- ### Example Use Case: - *Timeframe*: 1D - *Lookback Period*: 50 - *ATR Length*: 14 - *ATR Multiplier*: 0.1 - *Volume Multiplier*: 0.5 - *RSI Length*: 14 - *RSI Overbought/Oversold*: 70/30 - *SL Multiplier*: 1.5 In this setup, the indicator will: 1. Identify significant swing highs and lows on the daily chart. 2. Validate breakouts with volume and ATR filters. 3. Generate buy/sell signals when price reverses and RSI confirms overbought/oversold conditions. 4. Plot stop-loss levels for risk management. --- ### Conclusion: The *MSB+VolATR* indicator is a versatile tool for traders seeking to capitalize on market structure breakouts with added confirmation from volume and volatility. By customizing the input settings, traders can adapt the indicator to their preferred trading style and risk tolerance. Whether you're a swing trader, positional trader, or algorithmic trader, this indicator provides actionable insights to enhance your trading strategy.
Penunjuk Pine Script®
oleh doganayy2
1
Pure Price Action ICT Tools [LuxAlgo]The Pure Price Action ICT Tools indicator is designed for pure price action analysis, automatically identifying real-time market structures, liquidity levels, order & breaker blocks, and liquidity voids. Its unique feature lies in its exclusive reliance on price patterns, without being constrained by any user-defined inputs, ensuring a robust and objective analysis of market dynamics. 🔶 MARKET STRUCTURES A Market Structure Shift, also known as a Change of Character (CHoCH), is a pivotal event in price action analysis indicating a potential change in market sentiment or direction. An MSS occurs when the price reverses from an established trend, signaling that the prevailing trend may be losing momentum and a reversal might be underway. This shift is often identified by key technical patterns, such as a higher low in a downtrend or a lower high in an uptrend, which indicate a weakening of the current trend's strength. A Break of Structure typically indicates the continuation of the current market trend. This event occurs when the price decisively moves beyond a previous swing high or low, confirming the strength of the prevailing trend. In an uptrend, a BOS is marked by the price breaking above a previous high, while in a downtrend, it is identified by the price breaking below a previous low. While a Market Structure Shift (MSS) can indicate a potential trend reversal and a Break of Structure (BOS) often confirms trend continuation, they do not assure a complete reversal or continuation. MSS and BOS levels can also function as liquidity zones or areas of price consolidation rather than definitively signaling a change in market direction. Traders should approach these signals cautiously and validate them with additional factors before making trading decisions. For further details on other components of the tool, please refer to the following sections. 🔶 ORDER & BREAKER BLOCKS Order and Breaker Blocks are key concepts in price action analysis that help traders identify significant levels in the market structure. Order Blocks are specific price zones where significant buying or selling activity has occurred. These zones often represent the actions of large institutional traders or market makers, who execute substantial orders that impact the market. Breaker Blocks are specific price zones where a strong reversal occurs, causing a break in the prevailing market structure. These blocks indicate areas where the price encountered significant resistance or support, leading to a reversal. In summary, Order and Breaker Blocks are essential tools in price action analysis, providing insights into significant market levels influenced by institutional trading activities. These blocks help traders make informed decisions about potential support and resistance levels, trend reversals, and breakout confirmations. 🔶 BUYSIDE & SELLSIDE LIQUIDITY Both buy-side and sell-side liquidity zones are critical for identifying potential turning points in the market. These zones are where significant buying or selling interest is concentrated, influencing future price movements. In summary, buy-side and sell-side liquidity provide crucial insights into market demand and supply dynamics, helping traders make informed decisions based on the availability of orders at different price levels. 🔶 LIQUIDITY VOIDS Liquidity voids are gaps or areas on a price chart where there is a lack of trading activity. These voids represent zones with minimal to no buy or sell orders, often resulting in sharp price movements when the market enters these areas. In summary, liquidity voids are crucial areas on a price chart characterized by a lack of trading activity. These voids can lead to rapid price movements and increased volatility, making them essential considerations for traders in their analysis and decision-making processes. 🔶 SWING POINTS Reversal price points are commonly referred to as swing points. Traders often analyze historical swing points to discern market trends and pinpoint potential trade entry and exit points. Do note that in this script these are subject to backpainting, that is they are not located where they are detected. The detection of swing points and the unique feature of this script rely exclusively on price action, eliminating the need for numerical user-defined settings. The process begins with detecting short-term swing points: Short-Term Swing High (STH): Identified as a price peak surrounded by lower highs on both sides. Short-Term Swing Low (STL): Recognized as a price trough surrounded by higher lows on both sides. Intermediate-term and long-term swing points are detected using the same approach but with a slight modification. Instead of directly analyzing price candles, previously detected short-term swing points are utilized. For intermediate-term swing points, short-term swing points are analyzed, while for long-term swing points, intermediate-term ones are used. This method ensures a robust and objective analysis of market dynamics, offering traders reliable insights into market structures. Detected swing points serve as the foundation for identifying market structures, buy-side/sell-side liquidity levels, and order and breaker blocks presented with this tool. In summary, swing points are essential elements in technical analysis, helping traders identify trends, support, and resistance levels, and optimal entry and exit points. Understanding swing points allows traders to make informed decisions based on the natural price movements in the market. 🔶 SETTINGS 🔹 Market Structures Market Structures: Toggles the visibility of the market structures, both shifts and breaks. Detection: An option that allows users to detect market structures based on the significance of swing levels, including short-term, intermediate-term, and long-term. Market Structure Labels: Controls the visibility of labels that highlight the type of market structure. Line Style: Customizes the style of the lines representing the market structure. 🔹 Order & Breaker Blocks Order & Breaker Blocks: Toggles the visibility of the order & breaker blocks. Detection: An option that allows users to detect order & breaker blocks based on the significance of swing levels, including short-term, intermediate-term, and long-term. Last Bullish Blocks: Number of the most recent bullish order/breaker blocks to display on the chart. Last Bearish Blocks: Number of the most recent bearish order/breaker blocks to display on the chart. Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range. 🔹 Buyside & Sellside Liquidity Buyside & Sellside Liquidity: Toggles the visibility of the buyside & sellside liquidity levels. Detection: An option that allows users to detect buy-side & sell-side liquidity based on the significance of swing levels, including short-term, intermediate-term, and long-term. Margin: Sets margin/sensitivity for a liquidity level detection. Visible Levels: Controls the amount of the liquidity levels/zones to be visualized. 🔹 Liquidity Voids Liquidity Voids: Enable display of both bullish and bearish liquidity voids. Threshold Multiplier: Defines the multiplier for the threshold, which is hard-coded to the 200-period ATR range. Mode: Controls the lookback length for detection and visualization. Present considers the last X bars specified in the option, while Historical includes all available data. Label: Enable display of a label indicating liquidity voids. 🔹 Swing Highs/Lows Swing Highs/Lows: Toggles the visibility of the swing levels. Detection: An option that allows users to detect swing levels based on the significance of swing levels, including short-term, intermediate-term, and long-term. Label Size: Control the size of swing level labels. 🔶 RELATED SCRIPTS Pure-Price-Action-Structures. Market-Structures-(Intrabar). Buyside-Sellside-Liquidity. Order-Breaker-Blocks.
Penunjuk Pine Script®
oleh LuxAlgo
29
Swing Failure Pattern SFP [TradingFinder] SFP ICT Strategy🔵 Introduction The Swing Failure Pattern (SFP), also referred to as a "Fake Breakout" or "False Breakout," is a vital concept in technical analysis. This pattern is derived from classic technical analysis, price action strategies, ICT concepts, and Smart Money Concepts. It’s frequently utilized by traders to identify potential trend reversals in financial markets, especially in volatile markets like cryptocurrencies and forex. SFP helps traders recognize failed attempts to breach key support or resistance levels, providing strategic opportunities for trades. The Swing Failure Pattern (SFP) is a popular strategy among traders used to identify false breakouts and potential trend reversals in the market. This strategy involves spotting moments where the price attempts to break above or below a previous high or low (breakout) but fails to sustain the move, leading to a sharp reversal. Traders use this strategy to identify liquidity zones where stop orders (stop hunt) are typically placed and targeted by larger market participants or whales. When the price penetrates these areas but fails to hold the levels, a liquidity sweep occurs, signaling exhaustion in the trend and a potential reversal. This strategy allows traders to enter the market at the right time and capitalize on opportunities created by false breakouts. 🟣 Types of SFP When analyzing SFPs, two main variations are essential : Real SFP : This occurs when the price breaks a critical level but fails to close above it, then quickly reverses. Due to its clarity and strong signal, this SFP type is highly reliable for traders. Considerable SFP : In this scenario, the price closes slightly above a key level but quickly declines. Although significant, it is not as definitive or trustworthy as a Real SFP. 🟣 Understanding SFP The Swing Failure Pattern, or False Breakout, is identified when the price momentarily breaks a crucial support or resistance level but cannot maintain the movement, leading to a rapid reversal. The pattern can be categorized as follows : Bullish SFP : This type occurs when the price dips below a support level but rebounds above it, signaling that sellers failed to push the price lower, indicating a potential upward trend. Bearish SFP : This pattern forms when the price surpasses a resistance level but fails to hold, suggesting that buyers couldn’t maintain the higher price, leading to a potential decline. 🔵 How to Use To effectively identify an SFP or Fake Breakout on a price chart, traders should follow these steps : Identify Key Levels: Locate significant support or resistance levels on the chart. Observe the Fake Breakout: The price should break the identified level but fail to close beyond it. Monitor Price Reversal: After the breakout, the price should quickly reverse direction. Execute the Trade: Traders typically enter the market after confirming the SFP. 🟣 Examples Bullish Example : Bitcoin breaks below a $30,000 support level, drops to $29,000, but closes above $30,000 by the end of the day, signaling a Real Bullish SFP. Bearish Example : Ethereum surpasses a $2,000 resistance level, rises to $2,100, but then falls back below $2,000, forming a Bearish SFP. 🟣 Pros and Cons of SFP Pros : Effective in identifying strong reversal points. Offers a favorable risk-to-reward ratio. Applicable across different timeframes. Cons : Requires experience and deep market understanding. Risk of encountering false breakouts. Should be combined with other technical tools for optimal effectiveness. 🔵 Settings 🟣 Logical settings Swing period : You can set the swing detection period. SFP Type : Choose between "All", "Real" and "Considerable" modes to identify the swing failure pattern. Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine. Max Swing Back : You can set the number of swings that will go back for checking. 🟣 Display settings Displaying or not displaying swings and setting the color of labels and lines. 🟣 Alert Settings Alert SFP : Enables alerts for Swing Failure Pattern. Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'. Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'. 🔵 Conclusion The Swing Failure Pattern (SFP), or False Breakout, is an essential analytical tool that assists traders in identifying key market reversal points for successful trading. By understanding the nuances between Real SFP and Considerable SFP, and integrating this pattern with other technical analysis tools, traders can make more informed decisions and better manage their trading risks.
Penunjuk Pine Script®
oleh TFlab
5
Sentinel 5 — OHL daybreak signals [KedArc Quant]Overview Sentinel 5 plots the first-bar high/low of each trading session and gives clean, rules-based signals in two ways: 1) OHL Setups at the close of the first bar (Open equals/near High for potential short; Open equals/near Low for potential long). 2) Breakout Signals later in the session when price breaks the first-bar High/Low, with optional body/penetration filters. Basic workflow 1. Wait for the first session bar to finish. *If O≈H (optionally by proximity) → short setup. • *If O≈L → long setup. • If neither happens, optionally allow later breakouts. 2. Optional: Act only on breakouts that penetrate a minimum % of that bar’s range/body. 3. Skip the day automatically if the first bar is abnormally large (marubozu-like / extreme ATR / outsized vs yesterday). Signals & Markers Markers on the chart: ▲ O=L (exact) / O near L (proximity) – long setup at first-bar close. ▼ O=H (exact) / O near H (proximity) – short setup at first-bar close. ▲ Breakout Long – later bar breaks above first-bar High meeting your penetration rule. ▼ Breakout Short – later bar breaks below first-bar Low meeting your penetration rule.
Penunjuk Pine Script®
oleh kedarcquant
Alpha - Combined BreakoutThis Pine Script indicator, "Alpha - Combined Breakout," is a combination between Smart Money Breakout Signals and UT Bot Alert, The UT Bot Alert indicator was initially developer by Yo_adriiiiaan The idea of original code belongs HPotter. This Indicator helps you identify potential trading opportunities by combining two distinct strategies: Smart Money Breakout and a modified UT Bot (likely a variation of the Ultimate Trend Bot). It provides visual signals, draws lines for potential take profit (TP) and stop loss (SL) levels, and includes a dashboard to track performance metrics. Tutorial: Understanding and Using the "Alpha - Combined Breakout" Indicator This indicator is designed for traders looking for confirmation of market direction and potential entry/exit points by blending structural analysis with a trend-following oscillator. How it Works (General Concept) The indicator combines two main components: Smart Money Breakout: This part identifies significant breaks in market structure, which "smart money" traders often use to gauge shifts in supply and demand. It looks for higher highs/lows or lower highs/lows and flags when these structural points are broken. UT Bot: This is a trend-following component that generates buy and sell signals based on price action relative to an Average True Range (ATR) based trailing stop. You can choose to use these signals independently or combined to generate trading alerts and visual cues on your chart. The dashboard provides a quick overview of how well the signals are performing based on your chosen settings and display mode. Parameters and What They Do Let's break down each input parameter: 1. Smart Money Inputs These settings control how the indicator identifies market structure and breakouts. swingSize (Market Structure Time-Horizon): What it does: This integer value defines the number of candles used to identify significant "swing" (pivot) points—highs and lows. Effect: A larger swingSize creates a smoother market structure, focusing on longer-term trends. This means signals might appear less frequently and with some delay but could be more reliable for higher timeframes or broader market movements. A smaller swingSize will pick up more minor market structure changes, leading to more frequent but potentially noisier signals, suitable for lower timeframes or scalping. Analogy: Think of it like a zoom level on your market structure map. Higher values zoom out, showing only major mountain ranges. Lower values zoom in, showing every hill and bump. bosConfType (BOS Confirmation Type): What it does: This string input determines how a Break of Structure (BOS) is confirmed. You have two options: 'Candle Close': A breakout is confirmed only if a candle's closing price surpasses the previous swing high (for bullish) or swing low (for bearish). 'Wicks': A breakout is confirmed if any part of the candle (including its wick) surpasses the previous swing high or low. Effect: 'Candle Close' provides stronger, more conservative confirmation, as it implies sustained price movement beyond the structure. 'Wicks' provides earlier, more aggressive signals, as it captures momentary breaches of the structure. Analogy: Imagine a wall. 'Candle Close' means the whole person must get over the wall. 'Wicks' means even a finger touching over the top counts as a breach. choch (Show CHoCH): What it does: A boolean (true/false) input to enable or disable the display of "Change of Character" (CHoCH) labels. CHoCH indicates the first structural break against the current dominant trend. Effect: When true, it helps identify early signs of a potential trend reversal, as it marks where the market's "character" (its tendency to make higher highs/lows or lower lows/highs) first changes. BULL (Bullish Color) & BEAR (Bearish Color): What they do: These color inputs allow you to customize the visual appearance of bullish and bearish signals and lines drawn by the Smart Money component. Effect: Purely cosmetic, helps with visual identification on the chart. sm_tp_sl_multiplier (SM TP/SL Multiplier (ATR)): What it does: A float value that acts as a multiplier for the Average True Range (ATR) to calculate the Take Profit (TP) and Stop Loss (SL) levels specifically when you're in "Smart Money Only" mode. It uses the ATR calculated by the UT Bot's nLoss_ut as its base. Effect: A higher multiplier creates wider TP/SL levels, potentially leading to fewer trades but larger wins/losses. A lower multiplier creates tighter TP/SL levels, potentially leading to more frequent but smaller wins/losses. 2. UT Bot Alerts Inputs These parameters control the behavior and sensitivity of the UT Bot component. a_ut (UT Key Value (Sensitivity)): What it does: This integer value adjusts the sensitivity of the UT Bot. Effect: A higher value makes the UT Bot less sensitive to price fluctuations, resulting in fewer and potentially more reliable signals. A lower value makes it more sensitive, generating more signals, which can include more false signals. Analogy: Like a noise filter. Higher values filter out more noise, keeping only strong signals. c_ut (UT ATR Period): What it does: This integer sets the look-back period for the Average True Range (ATR) calculation used by the UT Bot. ATR measures market volatility. Effect: This period directly influences the calculation of the nLoss_ut (which is a_ut * xATR_ut), thus defining the distance of the trailing stop loss and take profit levels. A longer period makes the ATR smoother and less reactive to sudden price spikes. A shorter period makes it more responsive. h_ut (UT Signals from Heikin Ashi Candles): What it does: A boolean (true/false) input to determine if the UT Bot calculations should use standard candlestick data or Heikin Ashi candlestick data. Effect: Heikin Ashi candles smooth out price action, often making trends clearer and reducing noise. Using them for UT Bot signals can lead to smoother, potentially delayed signals that stay with a trend longer. Standard candles are more reactive to raw price changes. 3. Line Drawing Control Buttons These crucial boolean inputs determine which type of signals will trigger the drawing of TP/SL/Entry lines and flags on your chart. They act as a priority system. drawLinesUtOnly (Draw Lines: UT Only): What it does: If checked (true), lines and flags will only be drawn when the UT Bot generates a buy/sell signal. Effect: Isolates UT Bot signals for visual analysis. drawLinesSmartMoneyOnly (Draw Lines: Smart Money Only): What it does: If checked (true), lines and flags will only be drawn when the Smart Money Breakout logic generates a bullish/bearish breakout. Effect: Overrides drawLinesUtOnly if both are checked. Isolates Smart Money signals. drawLinesCombined (Draw Lines: UT & Smart Money (Combined)): What it does: If checked (true), lines and flags will only be drawn when both a UT Bot signal AND a Smart Money Breakout signal occur on the same bar. Effect: Overrides both drawLinesUtOnly and drawLinesSmartMoneyOnly if checked. Provides the strictest entry criteria for line drawing, looking for strong confluence. Dashboard Metrics Explained The dashboard provides performance statistics based on the lines drawing control button selected. For example, if "Draw Lines: UT Only" is active, the dashboard will show stats only for UT Bot signals. Total Signals: The total number of buy or sell signals generated by the selected drawing mode. TP1 Win Rate: The percentage of signals where the price reached Take Profit 1 (TP1) before hitting the Stop Loss. TP2 Win Rate: The percentage of signals where the price reached Take Profit 2 (TP2) before hitting the Stop Loss. TP3 Win Rate: The percentage of signals where the price reached Take Profit 3 (TP3) before hitting the Stop Loss. (Note: TP1, TP2, TP3 are in order of distance from entry, with TP3 being furthest.) SL before any TP rate: This crucial metric shows the number of times the Stop Loss was hit / the percentage of total signals where the stop loss was triggered before any of the three Take Profit levels were reached. This gives you a clear picture of how often a trade resulted in a loss without ever moving into profit target territory. Short Tutorial: How to Use the Indicator Add to Chart: Open your TradingView chart, go to "Indicators," search for "Alpha - Combined Breakout," and add it to your chart. Access Settings: Once added, click the gear icon next to the indicator name on your chart to open its settings. Choose Your Signal Mode: For UT Bot only: Uncheck "Draw Lines: Smart Money Only" and "Draw Lines: UT & Smart Money (Combined)". Ensure "Draw Lines: UT Only" is checked. For Smart Money only: Uncheck "Draw Lines: UT Only" and "Draw Lines: UT & Smart Money (Combined)". Ensure "Draw Lines: Smart Money Only" is checked. For Combined Signals: Check "Draw Lines: UT & Smart Money (Combined)". This will override the other two. Adjust Parameters: Start with default settings. Observe how the signals appear on your chosen asset and timeframe. Refine Smart Money: If you see too many "noisy" market structure breaks, increase swingSize. If you want earlier breakouts, try "Wicks" for bosConfType. Refine UT Bot: Adjust a_ut (Sensitivity) to get more or fewer UT Bot signals. Change c_ut (ATR Period) if you want larger or smaller TP/SL distances. Experiment with h_ut to see if Heikin Ashi smoothing suits your trading style. Adjust TP/SL Multiplier: If using "Smart Money Only" mode, fine-tune sm_tp_sl_multiplier to set appropriate risk/reward levels. Interpret Signals & Lines: Buy/Sell Flags: These indicate the presence of a signal based on your selected drawing mode. Entry Line (Blue Solid): This is where the signal was generated (usually the close price of the signal candle). SL Line (Red/Green Solid): Your calculated stop loss level. TP Lines (Dashed): Your three calculated take profit levels (TP1, TP2, TP3, where TP3 is the furthest target). Smart Money Lines (BOS/CHoCH): These lines indicate horizontal levels where market structure breaks occurred. CHoCH labels might appear at the first structural break against the prior trend. Monitor Dashboard: Pay attention to the dashboard in the top right corner. This dynamically updates to show the win rates for each TP and, crucially, the "SL before any TP rate." Use these statistics to evaluate the effectiveness of the indicator's signals under your current settings and chosen mode. * Set Alerts (Optional): You can set up alerts for any of the specific signals (UT Bot Long/Short, Smart Money Bullish/Bearish, or the "Line Draw" combined signals) to notify you when they occur, even if you're not actively watching the chart. By following this tutorial, you'll be able to effectively use and customize the "Alpha - Combined Breakout" indicator to suit your trading strategy.
Penunjuk Pine Script®
oleh Eternal_May
Open Range Breakout (ORB) with Alerts 🚀 ChartsAlgo – Open Range Breakout (ORB) with Alerts The Open Range Breakout (ORB) Indicator by ChartsAlg is designed for intraday traders looking to capitalize on price movements after the market’s opening range. This tool is especially effective for futures (MNQ, MES) and high-volatility stocks or crypto where initial volatility sets the tone for the session. This indicator identifies a user-defined opening range window, plots the high/low lines of that range, and visually alerts users when price breaks out above or below the range — with options to customize breakout repetitions, background fill, and alerts. 💡 What is an Open Range Breakout (ORB)? The opening range represents the high and low established during the first few minutes of the trading session — usually 15 or 30 minutes. Many intraday strategies are based on the idea that breaking out of this initial range often signals strong momentum and trend continuation. Traders often enter: Long when price breaks above the range high. Short when price breaks below the range low. ⚙️ How It Works You define a session window (e.g., 09:30–09:45 EST). The indicator tracks the high and low during this time. Once the session ends, the high and low become your range breakout levels. The indicator then: Plots lines for visual clarity Optionally fills background between the range Triggers breakout signals if price crosses the levels Provides alerts when breakouts occur 🛠️ Settings Breakdown 🔹 Session Settings Range Session: Set your preferred window (e.g., 0930–0945). Can be premarket, first 30 mins, or any custom time. Time zone: Use "America/New York" for EST (default) or change to "GMT+0" for international traders. 🔹 Breakout Settings Bullish Breakout Signals: Number of allowed breakout alerts above the range. Bearish Breakout Signals: Number of allowed breakout alerts below the range. This prevents repeated alerts once breakout has been confirmed. 🔹 Display Settings Show Background Fill: Fills area between high/low of the range for easier visual analysis. Show Breakout Signals: Triangle markers plotted on the chart when breakouts happen. Only Show Today’s Range: Keeps the chart clean by showing only the most current day’s range. 🔹 Color Settings Range High/Low Line Colors: Choose any color for clarity. Range Fill Color: Customize the highlight area for your chart style. 📊 Chart Features Range High/Low Lines: Automatically plotted after range session ends. Visual Fill Box: Optional background shading between the opening range. Triangle Breakout Markers: Appear at the breakout candle. Alerts: Can be used with TradingView’s alert system to notify you of breakouts in real-time. 🔔 Alerts Two alert conditions are built in: Bullish Breakout: Triggers when price breaks above the high of the range. Bearish Breakout: Triggers when price breaks below the low of the range. Example Alert Message: 📈 “Bullish Breakout above Open Range on AAPL!” To activate: Click “🔔 Alerts” on TradingView. Set condition to this script. Choose “ORB Breakout Up” or “ORB Breakout Down”. Choose alert frequency and notification method. ⚠️ DISCLAIMER ChartsAlgo tools are for informational and educational purposes only. They are not financial advice or signals. Past performance does not guarantee future results. Use at your own risk and always implement solid risk management. By using this indicator, you agree that you are solely responsible for any trades or decisions made based on the information provided.
Penunjuk Pine Script®
oleh ChartsAlgo