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Bayesian BBSMA OscillatorSometime ago (very long ago), one of my tinkering project was to do a spam or ham classification type app to filter news I'd wanna read. So I built myself a Naive Bayes Classifier to feed me my relevant articles. It worked great, I can cut through the noise. The hassle was I needed to manually train it to understand what I wanna read. I trained it using 50 articles and to my surprise, it's enough. Complexity Theory I've been reading a book called The Road to Ruin by Jim Rickards. He described how he got to his conclusion of how the stock market works by using Complexity Theory. Bill Williams would agree. Jim tells us that by using just enough data, we calculate the probability of an event to occur. We can't say for sure when but we know it's coming. This was my light bulb moment. While Jim talks much about Bayesian Inference in which a probability of an event can always be updated as more evidence comes to light, I had my eyes set on binary probabilities of when prices are going up and down. Assumptions These are my assumptions: Prices breaking up a Bollinger basis line will have fuel to go up even higher Prices will go down when prices have broken up a Bollinger upper band Scalping is the main method so we should use a lower period Moving Average (MA) When prices are above MA, it's likelier a correction to the downside is imminent When prices are below MA, it's likelier a correction to the upside is imminent Optimize parameters for 1 hour timeframe which will give us time to react while still having more opportunities to trade Building Blocks Jim Rickards started with limited data (events) while in technical trading, data are plentiful. I decided to classify 2 events which are: Next candles would be breaking up Next candles would be breaking down Key facts: We won't know for sure when prices are going to break We won't know for sure how much the prices movements are going to be Formulas Breaking up: Pr(Up|Indicator) = Pr(Indicator|Up) * Pr(Up) / Pr(Indicator|Up) * Pr(Up) + Pr(Indicator|Down) * Pr(Down) Breaking down: Pr(Down|Indicator) = Pr(Indicator|Down) * Pr(Down) / Pr(Indicator|Down) * Pr(Down) + Pr(Indicator|Up) * Pr(Up) Reading The Oscillator Green is the probability of prices breaking up Red is the probability of prices breaking down When either green or red is flatlining ceiling, immediately on the next candle when the probability decreases go short or long based on which direction you're observing - Strong Signal When either green or red is flatlining ceiling, take no action while it's ceiled Usually when either green or red is flatlining bottom, the next candle when the probability increases, immediately take a short long position based on the direction you're observing - Weak Signal When either green or red is flatlining bottom, take no action while it's bottomed Alerts Use Once per Bar option when generating alerts.
Penunjuk Pine Script®
oleh tista
36
High Accuracy Volume Breakout StrategyHigh Accuracy Volume Breakout Strategy (EMA + RSI Filter) 🧠 Description: This is a high-accuracy breakout strategy based on volume surges, trend confirmation, and momentum filtering, designed for intraday and short-term trading. The strategy aims to capture strong directional moves triggered by sudden increases in volume, with entry filters to avoid low-quality or choppy signals. ✅ Entry Logic: 🔺 Buy Entry Conditions: Current candle closes above previous high Volume is greater than 1.5× the 20-period average Price is above 50 EMA (uptrend confirmation) RSI is below 70 (not overbought) 🔻 Sell Entry Conditions: Current candle closes below previous low Volume is greater than 1.5× the 20-period average Price is below 50 EMA (downtrend confirmation) RSI is above 30 (not oversold) 🎯 Exit Logic: Stop Loss: 1.2 × ATR(14) Take Profit: 2.0 × ATR(14) 🧪 Recommended Settings: Parameter Value Timeframe 5-minute, 15-minute Markets Gold (XAUUSD), Nifty, BankNifty, BTC, NASDAQ Risk/Reward ~1:1.6 Expected Accuracy ~65–75% in trending markets 📊 Features: 🔸 ATR-based dynamic stoploss and target 🔸 Volume spike confirmation to detect real breakouts 🔸 EMA 50 trend filter to reduce false signals 🔸 RSI filter to avoid extreme zones (overbought/oversold) 🔸 Plotted buy/sell arrows for clarity ⚠️ Disclaimer: This strategy is for educational purposes only. Please backtest and paper trade before using in live markets. Performance may vary depending on asset and timefram plot(ema50, color=color.orange)
Strategi Pine Script®
oleh pandeybhavesh250502
Volume Shelf Breakout WatcherThis indicator detects potential breakout opportunities from high-volume price shelves (HVNs) using a custom volume profile engine. It scans the past 100 bars (adjustable) to identify price ranges with heavy volume accumulation, then monitors for a breakout when price is near the top of that range. To increase accuracy, it optionally confirms momentum using: ✅ MACD bullish crossover ✅ RSI > 55 ✅ Volume spike above 20-bar average When all enabled conditions are met, the indicator highlights the bar with a green label and background shading, and can trigger alerts for trade setups. Use this indicator to: Identify volume-based consolidation zones Anticipate price surges through low-volume areas ("volume gaps") Catch breakouts with momentum confirmation Inputs: Volume Profile Range (bars) HVN Sensitivity (top % of volume) MACD confirmation toggle RSI level toggle Volume spike toggle Ideal for: Traders looking to enter early on momentum moves as price escapes compression zones into areas of less resistance.
Penunjuk Pine Script®
oleh IbizaTraders
Improved Breakout-Retest Strategy (5M Entry)This strategy combines the strength of a higher timeframe structure with precision 5-minute entries. It identifies consolidation zones on the 4H chart, waits for a strong breakout in the direction of the trend, and then enters on a retest confirmed by an engulfing candle on the 5-minute timeframe. A 200 EMA filter ensures trades align with the dominant trend, while a strict 1:3 risk-to-reward ratio maximizes profitability. It's designed to reduce false breakouts and optimize small account growth with tight stop losses and high probability setups during active trading hours.
Strategi Pine Script®
oleh Muzz_Kazi
GER40 Opening Range Breakout (Advanced)🔥 GER40 (DAX40) Opening Range Breakout Strategy 📌 Overview: This strategy takes advantage of the high volatility and liquidity during the Frankfurt and London session openings (8:00–10:00 CET). It’s especially suitable for day traders who want to capitalize on early momentum. ✅ Strategy Steps: 1. Mark the Opening Range (08:00–08:15 CET) Wait for the first 15 minutes after the Frankfurt open (08:00 CET). Draw horizontal lines at the high and low of this range. 2. Entry Rules: Buy when price breaks above the opening range high with strong volume. Sell (short) when price breaks below the opening range low with strong volume. 3. Confirmation (optional but helpful): Use a momentum indicator like RSI (above 50 for long, below 50 for short) or MACD crossing above/below the signal line. Look for volume spike at breakout for validation. 4. Stop-Loss: Set just below the range low (for long) or above the range high (for short). Or use a fixed pip/point stop-loss like 15–25 points depending on current volatility. 5. Take Profit / Exit: 1:1.5 to 1:2 Risk/Reward Ratio. Or scale out at fixed points (e.g., +20, +40). Or trail stop after price moves in favor by +20 points. 📊 Additional Filters to Improve Accuracy: Check macroeconomic calendar (avoid entering during red news like ECB, German CPI, etc.). Use VWAP as a dynamic support/resistance for bias direction. Use 5-min or 15-min charts for better signal clarity. 📈 Example: Let’s say the DAX opens at 08:00 CET, and by 08:15, the high is 18,000 and the low is 17,950. If price breaks above 18,000 with volume and RSI > 50, enter long. Place stop at 17,950 or slightly below. Take profit at 18,030–18,050 or trail stop. 🧠 Pro Tips: GER40 is highly volatile, so ensure your risk per trade is small (e.g., 1% or less). Avoid trading around major news (ECB rate decisions, German GDP, etc.). Best sessions for GER40: Frankfurt Open (08:00 CET) and London Open (09:00 CET).
Penunjuk Pine Script®
oleh Abanobi
Opening Range Breakout🧭 Overview The Open Range Breakout (ORB) indicator is designed to capture and display the initial price range of the trading day (typically the first 15 minutes), and help traders identify breakout opportunities beyond this range. This is a popular strategy among intraday and momentum traders. 🔧 Features 📊 ORB High/Low Lines Plots horizontal lines for the session’s high and low 🟩 Breakout Zones Background highlights when price breaks above or below the range 🏷️ Breakout Labels Text labels marking breakout events 🧭 Session Control Customizable session input (default: 09:15–09:30 IST) 📍 ORB Line Labels Text labels anchored to the ORB high and low lines (aligned right) 🔔 Alerts Configurable alerts for breakout events ⚙️ Adjustable Settings Show/hide background, labels, session window, etc. ⏱️ Session Logic • The ORB range is calculated during a defined session window (default: 09:15–09:30). • During this window, the highest high and lowest low are recorded as ORB High and ORB Low. 📈 Breakout Detection • Breakout Above: Triggered when price crosses above the ORB High. • Breakout Below: Triggered when price crosses below the ORB Low. • Each breakout can trigger: • A background highlight (green/red) • A text label (“Breakout ↑” / “Breakout ↓”) • An optional alert 🔔 Alerts Two built-in alert conditions: 1. Breakout Above ORB High • Message: "🔼 Price broke above ORB High: {{close}}" 2. Breakout Below ORB Low • Message: "🔽 Price broke below ORB Low: {{close}}" You can create alerts in TradingView by selecting these from the Add Alert window. 📌 Best Use Cases • Intraday momentum trading • Breakout and scalping strategies • First 15-minute range traders (NSE, BSE markets)
Penunjuk Pine Script®
oleh vasireddiramu78
Thursday High & Friday Low Breakout (Safe)This TradingView Pine Script indicator is designed to help traders visually track two key situational breakout patterns that occur across the Thursday–Monday trading window. Specifically, it detects: Whether the high of Thursday has been taken out on Friday, and Whether the low of Friday has been breached on Monday. These conditions are based on commonly observed market behaviors where key highs and lows from the previous days often act as liquidity targets or decision points. By identifying these events, traders can better understand the unfolding market structure and anticipate potential follow-through or reversals. The script stores Thursday's high and Friday's low at the close of each respective day and evaluates the breakout conditions in real-time as new bars are printed. When Friday’s price action exceeds Thursday’s high, an upward-pointing green triangle is plotted above the bar. Conversely, when Monday’s price breaks below Friday’s low, a red downward triangle is plotted below the bar. Unlike scripts that rely on label.new (which can create compatibility issues on certain platforms or versions), this version uses plotshape() to ensure wide compatibility and reliable visual cues, even on older Pine Script environments. This makes it lightweight, robust, and ideal for traders who want a quick-glance tool without cluttering their charts. The indicator is best used on 1H, 4H, or daily timeframes to clearly observe the Thursday–Friday–Monday structure. It works well in both trending and consolidating markets as a tool to mark potential liquidity sweeps or break-of-structure setups.
Penunjuk Pine Script®
oleh freshfromkenneth
volatility-adjusted breakout envelopethis indicator is designed to help traders visually identify potential entry and exit points based on volatility-adjusted price thresholds. it works by calculating a dynamic expected price move around the previous close using historical volatility data smoothed by exponential moving averages to reduce noise and present a clear range boundary on the chart. the indicator first computes the logarithmic returns over a user-defined lookback period and calculates the standard deviation of these returns, which represents raw volatility. it annualizes this volatility according to the chart timeframe selected, then uses it to estimate an expected price movement for the current timeframe. this expected move is smoothed to avoid sudden spikes or drops that could cause confusing signals. using this expected move, the indicator generates two key threshold lines: an upper threshold and a lower threshold. these lines create a volatility-based range around the smoothed previous close price. the thresholds themselves are further smoothed with exponential moving averages to produce smooth, easy-to-interpret lines that adapt to changing market conditions without being choppy. the core trading signals are generated when the price closes outside of these smoothed threshold ranges. specifically, a long entry signal is indicated when the price closes above the upper threshold for the first time, signaling potential upward momentum beyond normal volatility expectations. a short entry signal occurs when the price closes below the lower threshold for the first time, indicating potential downward momentum. once an entry signal is triggered, the indicator waits for the price to close back inside the threshold range before signaling an exit. when this occurs, an exit marker is displayed to indicate that the price has returned within normal volatility bounds, which may suggest that the previous trend is losing strength or the breakout has ended. these signals are visually represented on the chart using small shapes: triangles pointing upwards mark the initial long entries, triangles pointing downwards mark short entries, and x shapes mark the exits for both long and short positions. the colors of these shapes are customizable to suit user preferences. to use this indicator effectively, traders should watch for the first close outside the smoothed volatility range to consider entering a position in the breakout direction. the exit signals help identify when price action reverts back into the expected range, which can be used to close or reduce the position. this method emphasizes trading breakouts supported by statistically significant moves relative to recent volatility while providing a clear exit discipline. this indicator is best applied to intraday or daily charts with consistent volatility and volume characteristics. users should adjust the volatility lookback period, smoothing factor, and trading session times to match their specific market and trading style. because it relies on price volatility rather than fixed price levels, it can adapt to changing market conditions but should be combined with other analysis tools and proper risk management. overall, this indicator provides a smoothed, dynamic volatility envelope with clear visual entry and exit cues based on first closes outside and back inside these envelopes, making it a helpful assistant for manual traders seeking to capture statistically significant breakouts while maintaining disciplined exits.
Penunjuk Pine Script®
oleh TheQuantMechanic
NY Opening Range Breakout - MA StopCore Concept This strategy trades breakouts from the New York opening range (9:30-9:45 AM NY time) on intraday timeframes, designed for scalping and day trading. Setup Requirements Timeframe: Works on any timeframe under 15 minutes (1m, 2m, 3m, 5m, 10m) Session: New York market hours Range Period: 9:30-9:45 AM NY time (15-minute opening range) Entry Rules Long Entries: Wait for a candle to close above the opening range high Enter long on the next candle (before 12:00 PM NY time) Must be above moving average if using MA-based take profit Short Entries: Wait for a candle to close below the opening range low Enter short on the next candle (before 12:00 PM NY time) Must be below moving average if using MA-based take profit Risk Management Stop Loss: Long trades: Opening range low Short trades: Opening range high Take Profit Options: Fixed Risk Reward: 1.5x the range size (customizable ratio) Moving Average: Exit when price crosses back through MA Both: Whichever comes first Key Features Trade Direction Options: Long Only Short Only Both directions Moving Average Filter: Prevents entries that would immediately hit stop loss Uses EMA/SMA/WMA/VWMA with customizable length Acts as dynamic support/resistance Time Restrictions: No entries after 12:00 PM NY time (customizable cutoff) One trade per direction per day Daily reset of all variables Visual Elements Red/green lines showing opening range Purple line for moving average Entry and breakout signals with shapes Take profit and stop loss levels plotted Information table with current status Strategy Logic Flow Morning: Capture 9:30-9:45 range high/low Wait: Monitor for breakout (previous candle close outside range) Filter: Check MA condition if using MA-based exits Enter: Trade on next candle after breakout Manage: Exit at fixed TP, MA cross, or stop loss Reset: Start fresh next trading day This is a momentum-based breakout strategy that capitalizes on early market volatility while using the opening range as natural support/resistance levels.
Strategi Pine Script®
oleh shui2967
7
VWAP & Breakout Volume ConfirmHow the TradingView Indicator Works (Explained Simply) VWAP Line (Orange) It plots the Volume Weighted Average Price for the day. Price above VWAP = bullish zone Price below VWAP = bearish zone Volume Spike Detection (Red Triangle) It calculates the average volume over the last 20 candles. If the current volume is 1.5× that average, it plots a red triangle under the candle. Helps confirm if a move has real momentum or not. Breakout Confirmation (Green Label ‘BO’) Checks if price breaks above the last 10-bar high (for upside breakout) or below the last 10-bar low (for downside breakout). If a breakout happens and the volume spike is present, it plots a green “BO” label above the candle. This tells you the breakout is strong and likely to follow through.
Penunjuk Pine Script®
oleh TheRistan
ORB - Opening Range Breakout + AlertsThe only ORB indicator you'll ever need. - Flexible Range: Tailor the opening range (e.g., 5m, 15m, 30m) to your trading style. - Key Levels: Auto-plots striking pink/purple support/resistance lines post-range for clear trade setups. - Breakout Alerts: Reliable LONG/SHORT signals on 5m chart for confirmed breakouts; enable/disable as needed. - Personalized Design: Customize line color and thickness for optimal visibility. A friendly reminder that no tool or indicator guarantees success. Integrate this into a robust trading plan.
Penunjuk Pine Script®
oleh VeroTradeX
4
Livermore-Seykota Breakout StrategyStrategy Name: Livermore-Seykota Breakout Strategy Objective: Execute breakout trades inspired by Jesse Livermore, filtered by trend confirmation (Ed Seykota) and risk-managed with ATR (Paul Tudor Jones style). Entry Conditions: Long Entry: Close price breaks above recent pivot high. Price is above main EMA (EMA50). EMA20 > EMA200 (uptrend confirmation). Current volume > 20-period SMA (volume confirmation). Short Entry: Close price breaks below recent pivot low. Price is below main EMA (EMA50). EMA20 < EMA200 (downtrend confirmation). Current volume > 20-period SMA. Exit Conditions: Stop-loss: ATR × 3 from entry price. Trailing stop: activated with offset of ATR × 2. Strengths: Trend-aligned entries with volume breakout confirmation. Dynamic ATR-based risk management. Inspired by principles of three legendary traders.
Strategi Pine Script®
oleh longtien
6
VWAP Breakout Strategy + EMAs + Clean Cycle/TP/SL PlotsHere’s a quick user-guide to get you up and running with your “VWAP Breakout Strategy + EMAs + Clean Cycle/TP/SL Plots” script in TradingView: ⸻ 1. Installing the Script 1. Open TradingView, go to Pine Editor (bottom panel). 2. Paste in your full Pine-v6 code and hit Add to chart. 3. Save it (“Save as…”): give it a memorable name (e.g. “VWAP Breakout+EMAs”). ⸻ 2. Configuring Your Inputs Once it’s on the chart, click the ⚙️ Settings icon to tune: Setting Default What it does ATR Length 14 Period for average true range (volatility measure) ATR Multiplier for Stop 1.5 How many ATRs away your stop-loss sits TP1 / TP2 Multipliers (ATR) 1.0 / 2.0 Distance of TP1 and TP2 in ATR multiples Show VWAP / EMAs On Toggles the blue VWAP line & EMAs (100/34/5) Full Cycle Range Points 200 Height of the shaded “cycle zone” Pivot Lookback 5 How many bars back to detect a pivot low Round Number Step 500 Spacing of your dotted horizontal lines Show TP/SL Labels On Toggles all the “ENTRY”, “TP1”, “TP2”, “STOP” tags Feel free to adjust ATR multipliers and cycle-zone size based on the instrument’s typical range. ⸻ 3. Reading the Signals • Long Entry: • Trigger: price crosses above VWAP • You’ll see a green “Buy” tag at the low of the signal bar, plus an “ENTRY (Long)” label at the close. • Stop is plotted as a red dashed line below (ATR × 1.5), and TP1/TP2 as teal and purple lines above. • Short Entry: • Trigger: price crosses below VWAP • A red “Sell” tag appears at the high, with “ENTRY (Short)” at the close. • Stop is the green line above; TP1/TP2 are dashed teal/purple lines below. ⸻ 4. Full Cycle Zone Whenever a new pivot low is detected (using your Pivot Lookback), the script deletes the old box and draws a shaded yellow rectangle from that low up by “Full Cycle Range Points.” • Use this to visualize the “maximum expected swing” from your pivot. • You can quickly see whether price is still traveling within a normal cycle or has overstretched. ⸻ 5. Round-Number Levels With Show Round Number Levels enabled, you’ll always get horizontal dotted lines at the nearest multiples of your “Round Number Step” (e.g. every 500 points). • These often act as psychological support/resistance. • Handy to see confluence with VWAP or cycle-zone edges. ⸻ 6. Tips & Best-Practices • Timeframes: Apply on any intraday chart (5 min, 15 min, H1…), but match your ATR length & cycle-points to the timeframe’s typical range. • Backtest first: Use the Strategy Tester tab to review performance, tweak ATR multipliers or cycle size, then optimize. • Combine with context: Don’t trade VWAP breakouts blindly—look for confluence (e.g. support/resistance zones, higher-timeframe trend). • Label clutter: If too many labels build up, you can toggle Show TP/SL Labels off and rely just on the lines. ⸻ That’s it! Once you’ve added it to your chart and dialed in the inputs, your entries, exits, cycle ranges, and key levels will all be plotted automatically. Feel free to experiment with the ATR multipliers and cycle-zone size until it fits your instrument’s personality. Happy trading!
Strategi Pine Script®
oleh CatalystNKD
EMA Break & Retest + Trend TableThis script is designed to identify potential buy and sell trading opportunities based on 21 EMA (Exponential Moving Average) break and retest patterns, with confirmation from multi-timeframe trend analysis. It combines actionable signal generation with a clean, real-time trend overview table. ✅ 1. EMA Break & Retest Logic Detects when the price crosses above or below the 21 EMA and then closes in the direction of the breakout. Generates buy signals on upward break/retest, and sell signals on downward break/retest. ✅ 2. Multi-Timeframe Confirmation Filters signals using higher timeframe trends to avoid false entries. Buy signals are shown only if the 1H or 4H trend is bullish. Sell signals are shown only if the 1H or 4H trend is bearish. ✅ 3. Visual Signal Plotting Displays green "BUY" labels below bars and red "SELL" labels above bars. Users can toggle buy/sell signals on or off with checkboxes. ✅ 4. Alerts Built-in alertcondition() functions allow traders to set real-time alerts when buy or sell signals are triggered. ✅ 5. Multi-Timeframe Trend Table A dynamic table appears in the top-right corner showing trend status across: Daily (D) 4 Hour (4H) 1 Hour (1H) 15 Minute (15M) 5 Minute (5M) Each timeframe is marked as Bullish (green) or Bearish (red) depending on the current price vs. 21 EMA. The latest signal (“BUY” / “SELL” / “—”) is displayed at the bottom of the table.
Penunjuk Pine Script®
oleh Pravstha
Hybrid: RSI + Breakout + DashboardHybrid RSI + Breakout Strategy Adaptive trading system that switches modes based on market regime: Ranging: Buys when RSI < 30 and sells when RSI > 70. Trending: Enters momentum breakouts only in the direction of the 200-EMA bias, with ADX confirming trend strength. Risk Management: Trailing stop locks profits and caps drawdown. Optimized for BTC, ETH, and SOL on 1 h–1 D charts; back-tested from 2017 onward. Educational use only—run your own tests before deploying live funds.
Strategi Pine Script®
oleh RugSurvivor
35
Triangle Breakout Strategy with TP/SL, EMA Filter📌 Triangle Breakout Strategy with TP/SL, EMA Filters, and Backtest – Explained. ✅ 1. Pattern Detection – Triangle Breakout The script scans for triangle patterns by detecting local pivot highs and pivot lows. It uses two recent highs and two recent lows to draw converging trendlines (upper and lower boundaries of the triangle). If the price breaks above the upper trendline, a bullish breakout signal is generated. 🎯 2. TP (Take Profit) & SL (Stop Loss) When a bullish breakout is detected: A buy order is placed using strategy.entry. TP and SL levels are calculated relative to the current close price: TP = 3% above the entry price SL = 1.5% below the entry price These are defined using strategy.exit. 📊 3. EMA Filter An optional filter checks if: Price is above both EMA 20 and EMA 50 Only if this condition is met, the strategy allows a long entry. You can toggle the filter on or off with useEMAFilter. 📈 4. Backtesting with Strategy Tester This script uses strategy() instead of indicator() to enable TradingView’s built-in backtest engine. Every buy entry and exit (based on TP or SL) is recorded. 📌 5. Visuals EMA 20 and EMA 50 lines are plotted on the chart. A label is shown when a breakout is detected: "Breakout Up" Results (profit, win rate, drawdown, etc.) can be viewed in the Strategy Tester panel.
Strategi Pine Script®
oleh Reanimate_
Opening Range Breakout Cloud Indicator by TenAMTraderOpening Range Breakout Cloud Indicator – by TenAMTrader This indicator visually maps out the Opening Range of the trading day — the price high and low between a configurable start and end time (default: 9:30 AM–10:00 AM EST). It helps traders identify breakout levels, key intraday zones, and price behavior relative to the early range. 🔹 What It Shows: Opening High, Low, and Midpoint lines for each day. Clouds between the midpoint and high/low for visual clarity. Optional Second Range (e.g., 9:30–9:45 AM) for more aggressive early signals. Historical Ranges are preserved, allowing you to view previous days' levels on the chart. Custom Alerts when price crosses the Opening High, Low, or Midpoint. Full customization: colors, range times, and display toggles. 🔔 Use It For: Spotting breakouts or rejections at key levels. Finding early support/resistance zones. Planning trades using intraday structure. ⚠️ Use this tool as part of a broader trading strategy. No indicator guarantees results — always trade at your own discretion.
Penunjuk Pine Script®
oleh TenAM_Trader
Smart Breakout with ATR Stop-LossThe Smart Breakout indicator combines a classic 20-day Donchian channel breakout with a tight trailing stop, drawing green lines and “ENTRY” labels at the bar after a valid breakout, and red lines and “EXIT” label at the bar after a stop-loss breach. By default it uses the chart’s timeframe to compute ATR and stops, but you can flip on Daily lock to freeze both ATR and price reads at the daily resolution—so your stops stay the same whether you view at 1s, 15 m, 4h or lower frequency bars. Key features: 20-day Donchian breakout: entry when price closes above the highest high of the previous 20 bars 2 × ATR(14) trailing stop: initialized at entry and raised only when the new (close – 2 × ATR) exceeds the prior stop Daily lock option: Ensures all ATR and close values are calculated on the daily timeframe, keeping stop levels consistent across resolutions
Penunjuk Pine Script®
oleh stevesmartmobile
OpeningRange (Trading_Tix)Purpose: The indicator highlights the high, low, and middle (50%) price levels of a specified session's opening range. These levels can serve as key support and resistance zones for trading strategies. The indicator also offers options to extend these levels beyond the session into later timeframes, making it useful for tracking breakout or trend continuation setups. Key Features: 1. Session Detection: The indicator identifies a specific session period using the user-defined Session Time. It calculates the start time, high, and low prices during this period: rangeTime: Defines the session time range (default: 5:00 PM to 2:59 AM). extendTime: Defines the extended time range where lines/backgrounds can be prolonged. 2. Opening Range Calculation: High (high_val) and Low (low_val)**: Tracks the highest and lowest prices during the session. Middle Line: A midpoint is calculated by averaging high_val and low_val. 3. Visual Elements: Horizontal Lines: Drawn at the high, low, and middle levels. Customizable in width and color. Shaded Background Box: Covers the range between high and low prices. The box’s color and transparency can be adjusted. Line and Box Extension: Optionally extends these elements into the extended time range. 4. Customization: Users have the flexibility to: Toggle visibility of lines, middle line, and background box. Adjust colors, line thickness, and style. Enable or disable the extension of lines and backgrounds into the extended period. How It Works: Initialization: The script initializes variables to store range data (startTime, high_val, low_val) and drawing objects (lines, boxes). It detects whether the current bar falls within the session (inSession) or extended timeframe (inExtend). Plotting: During the session: Deletes previous lines and boxes from prior sessions. Draws new lines at the high, low, and middle levels. Creates a background box covering the range, if enabled. During the extended period: Extends the session lines and box, if the user has opted for extensions. Updates: Continuously adjusts the high/low values and updates the lines as new price data arrives. Use Cases: This indicator can be valuable for traders who: Use the opening range to identify potential breakout zones. Trade based on price consolidation within the range. Want a visual representation of key price levels to plan entries and exits. Would you like help refining this script further or adjusting its settings to match your trading style?
Penunjuk Pine Script®
oleh D_Sedici