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CamarillaStrategy -V1 - H4 and L4 breakout - exits addedExits added using trailing stops. 2.6 Profit Factor and 76% Profitable on SPY , 5M - I think it's a pretty good number for an automated strategy that uses Pivots. I don't think it's possible to add volume and day open price in relation to pivot levels -- that's what I do manually .. Still trying to add EMA for exits.. it will increase profitability. You can play in pinescript with trailing stops entries..
Strategi Pine Script®
oleh cristian.d
14
Leading Indicator by Parag RautBreakdown of the Leading Indicator: Linear Regression (LRC): A linear regression line is used to estimate the current trend direction. When the price is above or below the regression line, it indicates whether the price is deviating from its mean, signaling potential reversals. Rate of Change (ROC): ROC measures the momentum of the price over a set period. By using thresholds (positive or negative), we predict that the price will continue in the same direction if momentum is strong enough. Leading Indicator Calculation: We calculate the difference between the price and the linear regression line. This is normalized using the standard deviation of price over the same period, giving us a leading signal based on price divergence from the mean trend. The leading indicator is used to forecast changes in price behavior by identifying when the price is either stretched too far from the mean (indicating a potential reversal) or showing strong momentum in a particular direction (predicting trend continuation). Buy and Sell Signals: Buy Signal: Generated when ROC is above a threshold and the leading indicator shows the price is above the regression line. Sell Signal: Generated when ROC is below a negative threshold and the leading indicator shows the price is below the regression line. Visual Representation: The indicator oscillates around zero. Values above zero signal potential upward price movements, while values below zero signal potential downward movements. Background colors highlight potential buy (green) and sell (red) areas based on our conditions. How It Works as a Leading Indicator: This indicator attempts to predict price movements before they happen by combining the trend (via linear regression) and momentum (via ROC). When the price significantly diverges from the trendline and momentum supports a continuation, it signals a potential entry point (either buy or sell). It is leading in that it anticipates price movement before it becomes fully apparent in the market. Next Steps: You can adjust the length of the linear regression and ROC to fine-tune the indicator’s sensitivity to your trading style. This can be combined with other indicators or used as part of a larger strategy
Penunjuk Pine Script®
oleh paragrraut
1
Saty Volume StackBreaks volume into buy and sell volume and stacks them based on which side has higher volume. Dynamic Buy / Sell Stack Unlike other buy/sell volume indicators, which statically display this information (typically green over red), this indicator dynamically stacks the higher volume side on top. For example, green over red indicates more buy-side volume, red over green indicators more sell-side volume. Current Candle Volume Buy/Sell % A label shows the % buy vs sell volume for the current candle in real-time. This label is also dynamic with the left position being higher volume. How the Buy/Sell Volume is Calculated Buy/Sell % is calculated based on price. Buy % is calculated using the distance between the low of the candle to the closing value of the candle and dividing that by the total range of the candle high to low. Sell % is calculated using the distance between the high of the candle to the closing value of the candle and dividing that by the total range of the candle high to low. Please note this is a proxy metric and while it is incredibly useful, it is not going to match up exactly with actual buy/sell volume that can be found on tape.
Penunjuk Pine Script®
oleh satymahajan
27
Breakout Candles + RSIHello! This is my firt script :) This indicator looks for candles that are significantly larger than the previous X candle. It is possible to set the following: Multiplier: deviation from the size of the previous X candle (if set to 3 the size of the actual candle's body /abs(open - close)/ must be larger than the size of the bigger candle from the prevous X candles) Previous candles: the number of previous candles to size check Upper RSI limit: if the RSI14 close higher than the specified number, the candle will ignore Lower RSI limit: if the RSI14 close lower than the specified number, the candle will ignore Without dojis: if checked, watches candles only that do not have a bottom spike (bullish) or top spike (bearish). Useful for Heikin-Ashi candles Feel free to left any suggestion! Thank You!
Penunjuk Pine Script®
oleh mildZebra14333
2
Volume PressureBreaks down volume into buyers (green part) vs sellers (red part). It is recommended to set the volume's scale, especially if you switch tickers on the same chart. Follow these steps: Select the Volume Pressure indicator's 3 dots (...) Select Pin To Scale Select a separate scale from the main chart, such as Pin To New Left Scale (Z) Left click and hold the scale on the side of the chart and drag it up/down to bring the volume bars into the desired area To update to the latest version, just close the indicator and add it again.
Penunjuk Pine Script®
oleh David-Hamilton
2
Breakout Volume Can Help Confirm Other SignalsVolume can help confirm signals we might discover using other methods of technical analysis. This indicator tracks volume intelligently. Its logic spots above-average turnover and then tests against the price change. BrkVol highlights sessions with heavy volume and directional moves. This can help take out the noise and help confirm the trend. Tesla is a classic example of this, with the stock rallying after showing heavy-volume gains on October 24- 25, December 16 and January 8.
Penunjuk Pine Script®
oleh TradeStation
6
Price Action Smart Money Concepts [BigBeluga]THE SMART MONEY CONCEPTS Toolkit The Smart Money Concepts [ BigBeluga ] is a comprehensive toolkit built around the principles of "smart money" behavior, which refers to the actions and strategies of institutional investors. The Smart Money Concepts Toolkit brings together a suite of advanced indicators that are all interconnected and built around a unified concept: understanding and trading like institutional investors, or "smart money." These indicators are not just randomly chosen tools; they are features of a single overarching framework, which is why having them all in one place creates such a powerful system. This all-in-one toolkit provides the user with a unique experience by automating most of the basic and advanced concepts on the chart, saving them time and improving their trading ideas. Real-time market structure analysis simplifies complex trends by pinpointing key support, resistance, and breakout levels. Advanced order block analysis leverages detailed volume data to pinpoint high-demand zones, revealing internal market sentiment and predicting potential reversals. This analysis utilizes bid/ask zones to provide supply/demand insights, empowering informed trading decisions. Imbalance Concepts (FVG and Breakers) allows traders to identify potential market weaknesses and areas where price might be attracted to fill the gap, creating opportunities for entry and exit. Swing failure patterns help traders identify potential entry points and rejection zones based on price swings. Liquidity Concepts, our advanced liquidity algorithm, pinpoints high-impact events, allowing you to predict market shifts, strong price reactions, and potential stop-loss hunting zones. This gives traders an edge to make informed trading decisions based on liquidity dynamics. 🔵 FEATURES The indicator has quite a lot of features that are provided below: Swing market structure Internal market structure Mapping structure Adjustable market structure Strong/Weak H&L Sweep Volumetric Order block / Breakers Fair Value Gaps / Breakers (multi-timeframe) Swing Failure Patterns (multi-timeframe) Deviation area Equal H&L Liquidity Prints Buyside & Sellside Sweep Area Highs and Lows (multi-timeframe) 🔵 BASIC DEMONSTRATION OF ALL FEATURES 1. MARKET STRUCTURE The preceding image illustrates the market structure functionality within the Smart Money Concepts indicator. ➤ Solid lines: These represent the core indicator's internal structure, forming the foundation for most other components. They visually depict the overall market direction and identify major reversal points marked by significant price movements (denoted as 'x'). ➤ Internal Structure: These represent an alternative internal structure with the potential to drive more rapid market shifts. This is particularly relevant when a significant gap exists in the established swing structure, specifically between the Break of Structure (BOS) and the most recent Change of High/Low (CHoCH). Identifying these formations can offer opportunities for quicker entries and potential short-term reversals. ➤ Sweeps (x): These signify potential turning points in the market where liquidity is removed from the structure. This suggests a possible trend reversal and presents crucial entry opportunities. Sweeps are identified within both swing and internal structures, providing valuable insights for informed trading decisions. ➤ Mapping structure: A tool that automatically identifies and connects significant price highs and lows, creating a zig-zag pattern. It visualizes market structure, highlights trends, support/resistance levels, and potential breakouts. Helps traders quickly grasp price action patterns and make informed decisions. ➤ Color-coded candles based on market structure: These colors visually represent the underlying market structure, making it easier for traders to quickly identify trends. ➤ Extreme H&L: It visualizes market structure with extreme high and lows, which gives perspective for macro Market Structure. 2. VOLUMETRIC ORDER BLOCKS Order blocks are specific areas on a financial chart where significant buying or selling activity has occurred. These are not just simple zones; they contain valuable information about market dynamics. Within each of these order blocks, volume bars represent the actual buying and selling activity that took place. These volume bars offer deeper insights into the strength of the order block by showing how much buying or selling power is concentrated in that specific zone. Additionally, these order blocks can be transformed into Breaker Blocks. When an order block fails—meaning the price breaks through this zone without reversing—it becomes a breaker block. Breaker blocks are particularly useful for trading breakouts, as they signal that the market has shifted beyond a previously established zone, offering opportunities for traders to enter in the direction of the breakout. Here's a breakdown: ➤ Bear Order Blocks (Red): These are zones where a lot of selling happened. Traders see these areas as places where sellers were strong, pushing the price down. When the price returns to these zones, it might face resistance and drop again. ➤ Bull Order Blocks (Green): These are zones where a lot of buying happened. Traders see these areas as places where buyers were strong, pushing the price up. When the price returns to these zones, it might find support and rise again. These Order Blocks help traders identify potential areas for entering or exiting trades based on past market activity. The volume bars inside blocks show the amount of trading activity that occurred in these blocks, giving an idea of the strength of buying or selling pressure. ➤ Breaker Block: When an order block fails, meaning the price breaks through this zone without reversing, it becomes a breaker block. This indicates a significant shift in market liquidity and structure. ➤ A bearish breaker block occurs after a bullish order block fails. This typically happens when there's an upward trend, and a certain level that was expected to support the market's rise instead gives way, leading to a sharp decline. This decline indicates that sellers have overcome the buyers, absorbing liquidity and shifting the sentiment from bullish to bearish. Conversely, a bullish breaker block is formed from the failure of a bearish order block. In a downtrend, when a level that was expected to act as resistance is breached, and the price shoots up, it signifies that buyers have taken control, overpowering the sellers. 3. FAIR VALUE GAPS: A fair value gap (FVG), also referred to as an imbalance, is an essential concept in Smart Money trading. It highlights the supply and demand dynamics. This gap arises when there's a notable difference between the volume of buy and sell orders. FVGs can be found across various asset classes, including forex, commodities, stocks, and cryptocurrencies. FVGs in this toolkit have the ability to detect raids of FVG which helps to identify potential price reversals. Mitigation option helps to change from what source FVGs will be identified: Close, Wicks or AVG. 4. SWING FAILURE PATTERN (SFP): The Swing Failure Pattern is a liquidity engineering pattern, generally used to fill large orders. This means, the SFP generally occurs when larger players push the price into liquidity pockets with the sole objective of filling their own positions. SFP is a technical analysis tool designed to identify potential market reversals. It works by detecting instances where the price briefly breaks a previous high or low but fails to maintain that breakout, quickly reversing direction. How it works: Pattern Detection: The indicator scans for price movements that breach recent highs or lows. Reversal Confirmation: If the price quickly reverses after breaching these levels, it's identified as an SFP. ➤ SFP Display: Bullish SFP: Marked with a green symbol when price drops below a recent low before reversing upwards. Bearish SFP: Marked with a red symbol when price rises above a recent high before reversing downwards. ➤ Deviation Levels: After detecting an SFP, the indicator projects white lines showing potential price deviation: For bullish SFPs, the deviation line appears above the current price. For bearish SFPs, the deviation line appears below the current price. These deviation levels can serve as a potential trading opportunity or areas where the reversal might lose momentum. With Volume Threshold and Filtering of SFP traders can adjust their trading style: Volume Threshold: This setting allows traders to filter SFPs based on the volume of the reversal candle. By setting a higher volume threshold, traders can focus on potentially more significant reversals that are backed by higher trading activity. SFP Filtering: This feature enables traders to filter SFP detection. It includes parameters such as: 5. LIQUIDITY CONCEPTS: ➤ Equal Lows (EQL) and Equal Highs (EQH) are important concepts in liquidity-based trading. EQL: A series of two or more swing lows that occur at approximately the same price level. EQH: A series of two or more swing highs that occur at approximately the same price level. EQLs and EQHs are seen as potential liquidity pools where a large number of stop loss orders or limit orders may be clustered. They can be used as potential reverse points for trades. This multi-period feature allows traders to select less and more significant EQL and EQH: ➤ Liquidity wicks: Liquidity wicks are a minor representation of a stop-loss hunt during the retracement of a pivot point: ➤ Buy and Sell side liquidity: The buy side liquidity represents a concentration of potential buy orders below the current price level. When price moves into this area, it can lead to increased buying pressure due to the execution of these orders. The sell side liquidity indicates a pool of potential sell orders below the current price level. Price movement into this area can result in increased selling pressure as these orders are executed. ➤ Sweep Liquidation Zones: Sweep Liquidation Zones are crucial for understanding market structure and potential future price movements. They provide insights into areas where significant market participants have been forced out of their positions, potentially setting up new trading opportunities. 🔵 USAGE & EXAMPLES The core principle behind the success of this toolkit lies in identifying "confluence." This refers to the convergence of multiple trading indicators all signaling the same information at a specific point or area. By seeking such alignment, traders can significantly enhance the likelihood of successful trades. MS + OBs The chart illustrates a highly bullish setup where the price is rejecting from a bullish order block (POC), while simultaneously forming a bullish Swing Failure Pattern (SFP). This occurs after an internal structure change, marked by a bullish Change of Character (CHoCH). The price broke through a bearish order block, transforming it into a breaker block, further confirming the bullish momentum. The combination of these elements—bullish order blocks, SFP, and CHoCH—creates a powerful bullish signal, reinforcing the potential for upward movement in the market. SFP + Bear OB This chart above displays a bearish setup with a high probability of a price move lower. The price is currently rejecting from a bear order block, which represents a key resistance area where significant selling pressure has previously occurred. A Swing Failure Pattern (SFP) has also formed near this bear order block, indicating that the price briefly attempted to break above a recent high but failed to sustain that upward movement. This failure suggests that buyers are losing momentum, and the market could be preparing for a move to the downside. Additionally, we can toggle on the Deviation Area in the SFP section to highlight potential levels where price deviation might occur. These deviation areas represent zones where the price is likely to react after the Swing Failure Pattern: BUY – SELL sides + EQL The chart showcases a bullish setup with a high probability of price breaking out of the current sell-side resistance level. The market structure indicates a formation of Equal Lows (EQL), which often suggests a build-up of liquidity that could drive the price higher. The presence of strong buy-side pressure (69%), indicated by the green zone at the bottom, reinforces this bullish outlook. This area represents a key support zone where buyers are outpacing sellers, providing the foundation for a potential upward breakout. EQL + Bull ChoCh This chart illustrates a potential bullish setup, driven by the formation of Equal Lows (EQL) followed by a bullish Change of Character (CHoCH). The presence of Equal Lows often signals a liquidity build-up, which can lead to a reversal when combined with additional bullish signals. Liquidity grab + Bull ChoCh + FVGs This chart demonstrates a strong bullish scenario, where several important market dynamics are at play. The price begins its upward momentum from Liquidity grab following a bullish Change of Character (CHoCH), signaling the transition from a bearish phase to a bullish one. As the price progresses, it performs liquidity grabs, which serve to gather the necessary fuel for further movement. These liquidity grabs often occur before significant price surges, as large market participants exploit these areas to accumulate positions before pushing the price higher. The chart also highlights a market imbalance area, showing strong momentum as the price moves swiftly through this zone. In this examples, we see how the combination of multiple “smart money” tools helps identify a potential trade opportunities. This is just one of the many scenarios that traders can spot using this toolkit. Other combinations—such as order blocks, liquidity grabs, fair value gaps, and Swing Failure Patterns (SFPs)—can also be layered on top of these concepts to further refine your trading strategy. 🔵 SETTINGS Window: limit calculation period Swing: limit drawing function Mapping structure: show structural points Algorithmic Logic: (Extreme-Adjusted) Use max high/low or pivot point calculation Algorithmic loopback: pivot point look back Show Last: Amount of Order block to display Hide Overlap: hide overlapping order blocks Construction: Size of the order blocks Fair value gaps: Choose between normal FVG or Breaker FVG Mitigation: (close - wick - avg) point to mitigate the order block/imbalance SFP lookback: find a higher / lower point to improve accuracy Threshold: remove less relevant SFP Equal H&L: (short-mid-long term) display longer term Liquidity Prints: Shows wicks of candles where liquidity was grabbed Sweep Area: Identify Sweep Liquidation areas By combining these indicators in one toolkit, traders are equipped with a comprehensive suite of tools that address every angle of the Smart Money Concept. Instead of relying on disparate tools spread across various platforms, having them integrated into a single, cohesive system allows traders to easily see confluence and make more informed trading decisions.
Penunjuk Pine Script®
oleh BigBeluga
93
CYCLE BY RiotWolftradingDescription of the "CYCLE" Indicator The "CYCLE" indicator is a custom Pine Script v5 script for TradingView that visualizes cyclic patterns in price action, dividing the trading day into specific sessions and 90-minute quarters (Q1-Q4). It is designed to identify and display market phases (Accumulation, Manipulation, Distribution, and Continuation/Reversal) along with key support and resistance levels within those sessions. Additionally, it allows customization of boxes, lines, labels, and colors to suit user preferences. Main Features Cycle Phases: Accumulation (1900-0100): Represents the phase where large operators accumulate positions. Manipulation (0100-0700): Identifies potential manipulative moves to mislead retail traders. Distribution (0700-1300): The phase where large operators distribute their positions. Continuation/Reversal (1300-1900): Indicates whether the price continues the trend or reverses. 90-Minute Quarters (Q1-Q4): Divides each 6-hour cycle (360 minutes) into four 90-minute quarters (Q1: 00:00-01:30, Q2: 01:30-03:00, Q3: 03:00-04:30, Q4: 04:30-06:00 UTC). Each quarter is displayed with a colored box (Q1: light purple, Q2: light blue, Q3: light gray, Q4: light pink) and labels (defaulted to black). Support and Resistance Visualization: Draws boxes or lines (based on settings) showing the high and low levels of each session. Optionally displays accumulated volume at the highs and lows within the boxes. Daily Lines and Last 3 Boxes: How to Use the Indicator Step 1: Add the Indicator to TradingView Open TradingView and select the chart where you want to apply the indicator (e.g., UMG9OOR on a 5-minute timeframe, as shown in the screenshot). Go to the Pine Editor (at the bottom of the TradingView interface). Copy and paste the provided code. Click Compile and then Add to Chart. Step 2: Configure the Indicator Click on the indicator name on the chart ("CYCLE") and select Settings (or double-click the name). Adjust the options based on your needs: Cycle Phases: Enable/disable phases (Accumulation, Manipulation, Distribution, Continuation/Reversal) and adjust their time slots if needed. 90-Minute Quarters: Enable/disable quarters (Q1-Q4). Step 3: Interpret the Indicator Identify Cycle Phases: Observe the red boxes indicating the phases (Accumulation, Manipulation, etc.). The high and low levels within each phase are potential support/resistance zones. If volume is enabled, pay attention to the accumulated volume at highs and lows, as it may indicate the strength of those levels. Use the 90-Minute Quarters (Q1-Q4): The colored boxes (Q1-Q4) divide the day into 90-minute segments. Each quarter shows the price range (high and low) during that period. Use these boxes to identify price patterns within each quarter, such as breakouts or consolidations. The labels (Q1, Q2, etc.) help you track time and anticipate potential moves in the next quarter. Analyze Support and Resistance: The high and low levels of each phase/quarter act as support and resistance. Daily lines (if enabled) show key levels from the previous day, useful for planning entries/exits. The "last 3 boxes below price" (if enabled) highlight potential support levels the price might target. Avoid Manipulation: During the Manipulation phase (0100-0700), be cautious of sharp moves or false breakouts. Use the high/low levels of this phase to identify potential traps (as explained in your first question about manipulation candles). Step 4: Trading Strategy Entries and Exits: Support/Resistance: Use the high/low levels of phases and quarters to set entry or exit points. For example, if the price bounces off a Q1 support level, consider a buy. Breakouts: If the price breaks a high/low of a quarter (e.g., Q2), wait for confirmation to enter in the direction of the breakout. Volume: If accumulated volume is high near a key level, that level may be more significant. Risk Management: Place stop-loss orders below lows (for buys) or above highs (for sells) identified by the indicator. Avoid trading during the Manipulation phase unless you have a specific strategy to handle false breakouts. Time Context: Use the quarters (Q1-Q4) to plan your trades based on time. For example, if Q3 is typically volatile in your market, prepare for larger moves between 03:00-04:30 UTC. Step 5: Adjustments and Testing Test on Different Timeframes: The indicator is set for a 5-minute timeframe (as in the screenshot), but you can test it on other timeframes (e.g., 1-minute, 15-minute) by adjusting the time slots if needed. Adjust Colors and Styles: If the default colors are not visible on your chart, change them for better clarity. --- 📌 1. **Accumulation: Strong Institutional Activity** - During the **accumulation phase, we see **high volume: 82.773K, which suggests strong buying interest**, likely from institutional players. - This sets the base for the following upward move in price. --- 📌 2. **Manipulation: False Breakout with Lower Volume** - Later, there's a manipulation phase where price breaks above previous highs, but the volume (71.814K) is **lower than during accumulation**. - This implies that buyers are not as aggressive as before—no real demandbehind the breakout. - It’s likely a bull trap, where smart money is selling into the breakout to exit their positions. --- ### 📌 3. Distribution: Weakness and Lack of Demand - The market enters a distribution phase, and volume drops even further (only 7.914K). - Price struggles to go higher, and you start seeing rejections at the top. - This shows that demand is drying up, and smart money is offloading positions**—not accumulating anymore. --- ### 💡 Why Take the Short Here? - Volume is not increasing with new highs—showing weak demand**. - The manipulation volume is weaker than the accumulation volume, confirming the breakout was likely false. - Structure starts to break down (Q levels falling), which confirms weakness. - This creates a high-probability short setup: - **Entry:** after confirmation of distribution and structural breakdown. - **Stop loss:** above the manipulation high. - **Target:** down toward previous lows or value zones. --- ### ✅ Conclusion Since the manipulation volume failed to exceed the accumulation volume, the breakout lacked real strength. Combined with decreasing volume in the distribution phase, this indicates fading demand and supply taking control—which justifies entering a short position.
Penunjuk Pine Script®
oleh anarkiacapital
IB & Hammer at SMA(20,50|200)IB & Hammer at SMA (20, 50, 200) Breakout/Breakdown Indicator Overview: The IB (Inside Bar) & Hammer at SMA Breakout/Breakdown Indicator is designed to identify breakout and breakdown opportunities using Inside Bars (IB) in combination with Simple Moving Averages (SMA 20, 50, 200) as key trend filters. This indicator is useful for traders looking to catch momentum moves after consolidation phases, confirming the trend direction with moving averages. Indicator Logic: Inside Bar (IB) Detection: An Inside Bar is a candlestick that is completely within the range of the previous candle (i.e., lower high and higher low). Inside Bars indicate consolidation, suggesting a potential breakout. SMA Trend Confirmation: The script uses three moving averages (SMA 20, 50, 200) to determine the trend direction. Bullish trend: Price is above the 50 & 200 SMAs. Bearish trend: Price is below the 50 & 200 SMAs. The 20 SMA is used as a dynamic short-term momentum filter. Breakout & Breakdown Conditions: Breakout: When price breaks above the Inside Bar’s high, and the trend is bullish (above key SMAs). Breakdown: When price breaks below the Inside Bar’s low, and the trend is bearish (below key SMAs). Alerts can be set to notify traders of potential trade opportunities. Features: ✅ Identifies Inside Bars (consolidation zones). ✅ Uses SMA (20, 50, 200) for trend confirmation. ✅ Breakout/Breakdown signals based on Inside Bar structure. ✅ Customizable Moving Averages & Alerts. ✅ Visual markers for easy trade identification. How to Use: Confirm Trend Direction: If the price is above SMA 50 & 200, look for breakout trades. If the price is below SMA 50 & 200, look for breakdown trades. Watch for Inside Bars: The script highlights Inside Bars with a specific color (configurable). These bars indicate a low-volatility phase, preparing for a breakout. Trade on Breakout/Breakdown: Breakout: Enter long when the price breaks above the Inside Bar’s high (bullish trend). Breakdown: Enter short when the price breaks below the Inside Bar’s low (bearish trend).
Penunjuk Pine Script®
oleh TraderHustleZone
Pivot Points LIVE [CHE]Title: Pivot Points LIVE Indicator Subtitle: Advanced Pivot Point Analysis for Real-Time Trading Presented by: Chervolino Date: September 24, 2024 Introduction What are Pivot Points? Definition: Pivot Points are technical analysis indicators used to determine potential support and resistance levels in financial markets. Purpose: They help traders identify possible price reversal points and make informed trading decisions. Overview of Pivot Points LIVE : A comprehensive indicator designed for real-time pivot point analysis. Offers advanced features for enhanced trading strategies. Key Features Pivot Points LIVE Includes: Dynamic Pivot Highs and Lows: Automatically detects and plots pivot high (HH, LH) and pivot low (HL, LL) points. Customizable Visualization: Multiple options to display markers, price labels, and support/resistance levels. Fractal Breakouts: Identifies and marks breakout and breakdown events with symbols. Line Connection Modes: Choose between "All Separate" or "Sequential" modes for connecting pivot points. Pivot Extension Lines: Extends lines from the latest pivot point to the current bar for trend analysis. Alerts: Configurable alerts for breakout and breakdown events. Inputs and Configuration Grouping Inputs for Easy Customization: Source / Length Left / Length Right: Pivot High Source: High price by default. Pivot Low Source: Low price by default. Left and Right Lengths: Define the number of bars to the left and right for pivot detection. Colors: Customizable colors for pivot high and low markers. Options: Display Settings: Show HH, LL, LH, HL markers and price labels. Display support/resistance level extensions. Option to show levels as a fractal chaos channel. Enable fractal breakout/down symbols. Line Connection Mode: Choose between "All Separate" or "Sequential" for connecting lines. Line Management: Set maximum number of lines to display. Customize line colors, widths, and styles. Pivot Extension Line: Visibility: Toggle the display of the last pivot extension line. Customization: Colors, styles, and width for extension lines. How It Works - Calculating Pivot Points Pivot High and Pivot Low Detection: Pivot High (PH): Identified when a high price is higher than a specified number of bars to its left and right. Pivot Low (PL): Identified when a low price is lower than a specified number of bars to its left and right. Higher Highs, Lower Highs, Higher Lows, Lower Lows: Higher High (HH): Current PH is higher than the previous PH. Lower High (LH): Current PH is lower than the previous PH. Higher Low (HL): Current PL is higher than the previous PL. Lower Low (LL): Current PL is lower than the previous PL. Visual Elements Markers and Labels: Shapes: HH and LH: Downward triangles above the bar. HL and LL: Upward triangles below the bar. Labels: Optionally display the price levels of HH, LH, HL, and LL on the chart. Support and Resistance Levels: Extensions: Lines extending from pivot points to indicate potential support and resistance zones. Chaos Channels: Display levels as a fractal chaos channel for enhanced trend analysis. Fractal Breakout Symbols: Buy Signals: Upward triangles below the bar. Sell Signals: Downward triangles above the bar. Slide 7: Line Connection Modes All Separate Mode: Description: Connects pivot highs with pivot highs and pivot lows with pivot lows separately. Use Case: Ideal for traders who want to analyze highs and lows independently. Sequential Mode: Description: Connects all pivot points in the order they occur, regardless of being high or low. Use Case: Suitable for identifying overall trend direction and momentum. Pivot Extension Lines Purpose: Trend Continuation: Visualize the continuation of the latest pivot point's price level. Customization: Colors: Differentiate between bullish and bearish extensions. Styles: Solid, dashed, or dotted lines based on user preference. Width: Adjustable line thickness for better visibility. Dynamic Updates: The extension line updates in real-time as new bars form, providing ongoing trend insights. Alerts and Notifications Configurable Alerts: Fractal Break Arrow: Triggered when a breakout or breakdown occurs. Long and Short Signals: Specific alerts for bullish breakouts (Long) and bearish breakdowns (Short). Benefits: Timely Notifications: Stay informed of critical market movements without constant monitoring. Automated Trading Strategies: Integrate with trading bots or automated systems for executing trades based on alerts. Customization and Optimization User-Friendly Inputs: Adjustable Parameters: Tailor pivot detection sensitivity with left and right lengths. Color and Style Settings: Match the indicator aesthetics to personal or platform preferences. Line Management: Maximum Lines Displayed: Prevent chart clutter by limiting the number of lines. Dynamic Line Handling: Automatically manage and delete old lines to maintain chart clarity. Flexibility: Adapt to Different Markets: Suitable for various financial instruments including stocks, forex, and cryptocurrencies. Scalability: Efficiently handles up to 500 labels and 100 lines for comprehensive analysis. Practical Use Cases Identifying Key Support and Resistance: Entry and Exit Points: Use pivot levels to determine optimal trade entry and exit points. Trend Confirmation: Validate market trends through the connection of pivot points. Breakout and Breakdown Strategies: Trading Breakouts: Enter long positions when price breaks above pivot highs. Trading Breakdowns: Enter short positions when price breaks below pivot lows. Risk Management: Setting Stop-Loss and Take-Profit Levels: Utilize pivot levels to place strategic stop-loss and take-profit orders. Slide 12: Benefits for Traders Real-Time Analysis: Provides up-to-date pivot points for timely decision-making. Enhanced Visualization: Clear markers and lines improve chart readability and analysis efficiency. Customizable and Flexible: Adapt the indicator to fit various trading styles and strategies. Automated Alerts: Stay ahead with instant notifications on key market events. Comprehensive Toolset: Combines pivot points with fractal analysis for deeper market insights. Conclusion Pivot Points LIVE is a robust and versatile indicator designed to enhance your trading strategy through real-time pivot point analysis. With its advanced features, customizable settings, and automated alerts, it equips traders with the tools needed to identify key market levels, execute timely trades, and manage risks effectively. Ready to Elevate Your Trading? Explore Pivot Points LIVE and integrate it into your trading toolkit today! Q&A Questions? Feel free to ask any questions or request further demonstrations of the Pivot Points LIVE indicator.
Penunjuk Pine Script®
oleh chervolino
3
Waldo RSI Overlay :oWaldo RSI Overlay :o Indicator Guide Welcome to the guide for the Waldo RSI Overlay :o indicator on TradingView. This tool enhances your trading analysis through RSI-based overlays for trend analysis, divergence detection, and breakout/breakdown signals when used with its companion indicator, Waldo RSI :o. Key Features: RSI Overlay: • RSI Source: Choose from: o ON RSI: Uses the RSI values directly to detect pivots, focusing on RSI highs and lows for trend analysis. o ON HIGH, ON CLOSE, ON LOW, ON OPEN: These options base pivot detection on price action at those specific points, offering an alternative market structure view. • RSI Settings: o Source: Default is (H+L)/2, but you can select any price for RSI calculation. o Length: Default RSI length is 7, which you can adjust for sensitivity. Trend Lines: • Show Trend Lines: Toggle to display trend lines based on pivot points. • Zigzag Length: Sets the sensitivity of pivot point detection. • Confirm Length: Ensures the validity of pivot points (default is 3). • Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL). • Transparency and Line Width: Control how trend lines and fills appear. • Label Size: Adjust the size of labels identifying pivot points. Divergences: • Classic Divergences: o Show Classic Div: Enable to highlight regular divergences where price and RSI move in opposite directions. o Colors: Define colors for bullish and bearish divergence lines and labels. o Transparency and Line Width: Adjust the visual impact of divergence signals. • Hidden Divergences: o Similar settings as classic, but these highlight divergences indicating trend continuation. Breakout/Breakdown: • Show Breakout/Breakdown: When activated, this feature signals when the price breaks through previous highs or lows. To activate these breakouts, you need the companion indicator Waldo RSI :o, select the SRC in the External section, and select the crossovers for each one. This combination provides RSI confirmation for breakout/breakdown events. Overbought/Oversold Zones: • Show Overbought and Oversold Zones: Bars are colored when RSI exceeds 70 (purple) or falls below 30 (blue), indicating potential market extremes. Moving Averages (Optional): • Show Moving Averages: Option to overlay two moving averages for trend confirmation. • Source, Type, Length: Customize each MA's configuration. Ghost Lines (Optional): • Ghost Lines: When enabled, trend lines extend for only a specified period (Ghost Length) instead of indefinitely. How to Use the Indicator: 1. Setup: o Configure RSI settings by choosing the RSI Source and adjusting the RSI Length to suit your trading style. o Set the Zigzag Length and Confirm Length for trend line sensitivity based on market volatility. 2. Trend Analysis: o Look at the colored horizontal lines and fills for HH, LH, HL, LL to discern market structure and potential reversal points. 3. Divergence Detection: o Identify divergences where price and RSI diverge. Regular divergences might signal trend exhaustion, while hidden ones could indicate trend persistence. 4. Breakout/Breakdown Signals: o Ensure you have both the Waldo RSI Overlay :o and Waldo RSI :o indicators applied. Green triangles below bars signal breakouts; red ones above indicate breakdowns, based on price movement with RSI confirmation from the companion indicator. 5. Overbought/Oversold: o Use these colored zones to spot potential momentum shifts or reversal areas. 6. Moving Averages on RSI: o If used, these can help confirm trends or identify crossover signals for additional trade confirmation. 7. Ghost Lines: o For a less cluttered chart, enable this to limit how far trend lines extend. Tips for Usage: • Always combine this indicator with other analytical tools for better confirmation. No single indicator should guide all decisions. • Adjust settings according to the asset's behavior and your trading timeframe. • Regularly review your settings as market dynamics change. Remember, trading involves risk, and past performance doesn't predict future outcomes. Use this indicator within a comprehensive trading strategy.
Penunjuk Pine Script®
oleh RSI_Trading_Concepts
1
MERCURY by DrAbhiramSivprasad"MERCURY by DrAbhiramSivprasad" Developed from over 10 years of personal trading experience, the Mercury Indicator is a strategic tool designed to enhance accuracy in trading decisions. Think of it as a guiding light—a supportive tool that helps traders refine and build more robust strategies by integrating multiple powerful elements into a single indicator. I’ll be sharing some examples to illustrate how I use this indicator in my own trading journey, highlighting its potential to improve strategy accuracy. Reason behind the combination of emas , cpr and vwap is it provides very good support and resistance in my trading carrier so now i brought them together in one plate How It Works: Mercury combines three essential elements—EMA, VWAP, and CPR—each of which plays a vital role in detecting support and resistance: Exponential Moving Averages (EMAs): Known for their strength in providing dynamic support and resistance levels, EMAs help in identifying trends and shifts in momentum. This indicator includes a dashboard with up to nine customizable EMAs, showing whether each is acting as support or resistance based on real-time price movement. Volume Weighted Average Price (VWAP): VWAP also provides valuable support and resistance, often regarded as a fair price level by institutional traders. Paired with EMAs, it forms a dual-layered support/resistance system, adding an additional level of confirmation. Central Pivot Range (CPR): By combining CPR with EMAs and VWAP, Mercury highlights “traffic blocks” in your target journey. This means it identifies zones where price is likely to stall or reverse, providing additional guidance for navigating entries and exits. Why This Combination Matters: Using these three tools together gives you a more complete view of the market. VWAP and EMAs offer dynamic trend direction and support/resistance, while CPR pinpoints critical price zones. This combination helps you find high-probability trades, adding clarity to complex market situations and enabling stronger confirmation on trend or reversal decisions. How to Use: Trend Confirmation: Check if all EMAs are aligned (green for uptrend, red for downtrend), which is visible in the EMA dashboard. An alignment across VWAP, CPR, and EMAs signifies high confidence in trend direction. Breakouts & Breakdowns: Mercury has an alert system to signal when a price breakout or breakdown occurs across VWAP, EMA1, and EMA2. This can help in spotting strong directional moves. Example Application: In my trading, I use Mercury to identify support/resistance zones, confirming trends with EMA/VWAP alignment and using CPR as a checkpoint. I find this especially useful for day trading and swing setups. Recommended Timeframes: Day Trading: 5 to 15-minute charts for swift, actionable insights. Swing Trading: 1-hour or 4-hour charts for broader trend analysis. Note: The Mercury Indicator should be used as a supportive tool rather than a standalone strategy, guiding you toward informed decisions in line with your trading style and goals. EXAMPLE OF TRADE you can see the cart of XAUUSD on 11th nov 2024 1.SHORT POSITION - TIME FRAME 15 MIN So here for a short position you need to wait for a breakdown candle which will print in orange post the candle you need to check ema dashboard is completly red that indicates no traffic blocks in your journey to destiny target from ema's and you can take the target from nearest cpr support line TAKEN IN XAUUSD you can see in chart of XAUUSD on 7th nov 2.LONG POSITION - TIME FRAME 15 MIN - So here for long position you need to wait for a breakout candle from indicator thats here is blue and check all ema boxes are green and candle body should close above all the 3 lines here it is the both ema 1 and 2 and the vwap line then you can take and entry and your target will be the nearest resistance from the daily cpr 3. STOP LOSS CRITERIA After the entry any candle close below any of the last line from entry for example we have 3 lines vwap and ema 1 and 2 lines and u have made an entry and the last line before the entry is vwap then if any candle closes below vwap can be considered as stoploss like wise in any lines The MERCURY indicator is a comprehensive trading tool designed to enhance traders' ability to identify trends, breakouts, and reversals effectively. Created by Dr. Abhiram Sivprasad, this indicator integrates several technical elements, including Central Pivot Range (CPR), EMA crossovers, VWAP levels, and a table-based EMA dashboard, to offer a holistic trading view. Core Components and Functionality: Central Pivot Range (CPR): The CPR in MERCURY provides a central pivot level along with Below Central (BC) and Top Central (TC) pivots. These levels act as potential support and resistance, useful for identifying reversal points and zones where price may consolidate. Exponential Moving Averages (EMAs): MERCURY includes up to nine EMAs, with a customizable EMA crossover alert system. This feature enables traders to see shifts in trend direction, especially when shorter EMAs cross longer ones. VWAP (Volume-Weighted Average Price): VWAP is incorporated as a dynamic support/resistance level and, combined with EMA crossovers, helps refine entry and exit points for higher probability trades. Breakout and Breakdown Alerts: MERCURY monitors conditions for upside and downside breakouts. For an upside breakout, all EMAs turn green and a candle closes above VWAP, EMA1, and EMA2. Similarly, all EMAs turning red, combined with a close below VWAP and EMA1/EMA2, signals a downside breakdown. Continuous alerts are available until the trend shifts. Real-Time EMA Dashboard: A table displays each EMA’s relative position (Above or Below), helping traders quickly gauge trend direction. Colors in the table adjust to long/short conditions based on EMA alignment. Usage Recommendations: Trend Confirmation: Use the CPR, EMA alignments, and VWAP to confirm uptrends and downtrends. The table highlights trends, making it easy to spot long or short setups at a glance. Breakout and Breakdown Alerts: The alert system is customizable for continuous notifications on critical price levels. When all EMAs align in one direction (green for long, red for short) and the close is above or below VWAP and key EMAs, the indicator confirms a breakout/breakdown. Adaptable for Different Styles: Day Trading: Traders can set shorter EMAs for quick insights. Swing Trading: Longer EMAs combined with CPR offer insights into sustained trends. Recommended Settings: Timeframes: MERCURY is suitable for timeframes as low as 5 minutes for intraday traders, up to daily charts for trend analysis. Symbols: Works across forex, stocks, and crypto. Adjust EMA lengths for asset volatility. Example Strategy: Long Entry: When the price crosses above CPR and closes above both EMA1 and EMA2. Short Entry: When the price falls below CPR with a close below both EMA1 and EMA2.
Penunjuk Pine Script®
oleh DRABHIRAMSS
1
Volume Histogram with ThresholdsVolume Histogram with Thresholds Description: This indicator displays a histogram of volume bars with color coding based on customizable volume thresholds. It helps traders quickly identify potential breakouts and breakdowns by comparing current volume against a moving average of past volume. Features: Customizable Average Volume Period – Allows you to set a lookback period for calculating average volume. Color-Coded Bars for Quick Visual Reference: Gray: Below average volume (low activity) Blue: Near average volume (normal activity) Green: Above average volume (potential breakout/breakdown) Red: Significantly above average volume (high-confidence move) Plots an Orange Reference Line – Represents the average volume for easy comparison. Usage: Adjust "Average Volume Period" to set the moving average length for volume. Modify "Above Average" and "High Volume" multipliers to fine-tune breakout/breakdown sensitivity. Look for green and red bars to confirm strong moves in price action. This indicator can help confirm the validity of breakouts and breakdowns by visually emphasizing volume surges. 🚀 Explanation of Presets in the Indicator The indicator comes with three user-configurable settings that determine how volume is analyzed and displayed. Here’s what they do and why they matter: 1. Average Volume Period (Default: 50) This setting controls the number of past bars used to calculate the Simple Moving Average (SMA) of volume. A larger value (e.g., 100) smooths out fluctuations and gives a broader view of average volume trends. A smaller value (e.g., 20) makes the average more responsive to recent volume changes. 2. Above Average Threshold (Multiplier, Default: 1.5) This defines the first level of volume increase that is considered above average. If the current volume is 1.5 times greater than the moving average volume, the histogram bar turns green. You can lower this value (e.g., 1.2) to make the indicator more sensitive or increase it (e.g., 2.0) to filter out smaller spikes. 3. High Volume Threshold (Multiplier, Default: 2.5) This determines the threshold for what is considered significantly above average volume. If the current volume is 2.5 times greater than the moving average volume, the histogram bar turns red. This setting helps highlight extremely strong volume surges, which are more likely to indicate high-confidence breakouts or breakdowns. How to Adjust These Presets for Different Market Conditions If you trade high-volatility assets, you might want to increase the multipliers (e.g., 2.0 and 3.5) to focus only on the strongest moves. If you trade low-liquidity assets, you might need to lower the multipliers (e.g., 1.2 and 2.0) to capture smaller but meaningful volume shifts. Short-term traders (scalping/day trading) may prefer a lower average volume period (e.g., 20) to get faster signals. By tweaking these settings, you can adapt the indicator to your trading style and the asset you’re analyzing. 🚀
Penunjuk Pine Script®
oleh natedogg_365