ICT Anchored Market Structures with Validation [LuxAlgo]The ICT Anchored Market Structures with Validation indicator is an advanced iteration of the original Pure-Price-Action-Structures tool, designed for price action traders.
It systematically tracks and validates key price action structures, distinguishing between true structural shifts/breaks and short-term sweeps to enhance trend and reversal analysis. The indicator automatically highlights structural points, confirms breakouts, identifies sweeps, and provides clear visual cues for short-term, intermediate-term, and long-term market structures.
A distinctive feature of this indicator is its exclusive reliance on price patterns. It does not depend on any user-defined input, ensuring that its analysis remains robust, objective, and uninfluenced by user bias, making it an effective tool for understanding market dynamics.
🔶 USAGE
Market structure is a cornerstone of price action analysis. This script automatically detects real-time market structures across short-term, intermediate-term, and long-term levels, simplifying trend analysis for traders. It assists in identifying both trend reversals and continuations with greater clarity.
Market structure shifts and breaks help traders identify changes in trend direction. A shift signals a potential reversal, often occurring when a swing high or low is breached, suggesting a transition in trend. A break, on the other hand, confirms the continuation of an established trend, reinforcing the current direction. Recognizing these shifts and breaks allows traders to anticipate price movement with greater accuracy.
It’s important to note that while a CHoCH may signal a potential trend reversal and a BoS suggests a continuation of the prevailing trend, neither guarantees a complete reversal or continuation. In some cases, CHoCH and BoS levels may act as liquidity zones or areas of consolidation rather than indicating a clear shift or continuation in market direction. The indicator’s validation component helps confirm whether the detected CHoCH and BoS are true breakouts or merely liquidity sweeps.
🔶 DETAILS
🔹 Market Structures
Market structures are derived from price action analysis, focusing on identifying key levels and patterns in the market. Swing point detection, a fundamental concept in ICT trading methodologies and teachings, plays a central role in this approach.
Swing points are automatically identified based exclusively on market movements, without requiring any user-defined input.
🔹 Utilizing Swing Points
Swing points are not identified in real-time as they form. Short-term swing points may appear with a delay of up to one bar, while the identification of intermediate and long-term swing points is entirely dependent on subsequent market movements. Importantly, this detection process is not influenced by any user-defined input, relying solely on pure price action. As a result, swing points are generally not intended for real-time trading scenarios.
Instead, traders often analyze historical swing points to understand market trends and identify potential entry and exit opportunities. By examining swing highs and lows, traders can:
Recognize Trends: Swing highs and lows provide insight into trend direction. Higher swing highs and higher swing lows signify an uptrend, while lower swing highs and lower swing lows indicate a downtrend.
Identify Support and Resistance Levels: Swing highs often act as resistance levels, referred to as Buyside Liquidity Levels in ICT terminology, while swing lows function as support levels, also known as Sellside Liquidity Levels. Traders can leverage these levels to plan their trade entries and exits.
Spot Reversal Patterns: Swing points can form key reversal patterns, such as double tops or bottoms, head and shoulders, and triangles. Recognizing these patterns can indicate potential trend reversals, enabling traders to adjust their strategies effectively.
Set Stop Loss and Take Profit Levels: In ICT teachings, swing levels represent price points with expected clusters of buy or sell orders. Traders can target these liquidity levels/pools for position accumulation or distribution, using swing points to define stop loss and take profit levels in their trades.
Overall, swing points provide valuable information about market dynamics and can assist traders in making more informed trading decisions.
🔹 Logic of Validation
The validation process in this script determines whether a detected market structure shift or break represents a confirmed breakout or a sweep.
The breakout is confirmed when the close price is significantly outside the deviation range of the last detected structural price. This deviation range is defined by the 17-period Average True Range (ATR), which creates a buffer around the detected market structure shift or break.
A sweep occurs when the price breaches the structural level within the deviation range but does not confirm a breakout. In this case, the label is updated to 'SWEEP.'
A visual box is created to represent the price range where the breakout or sweep occurs. If the validation process continues, the box is updated. This box visually highlights the price range involved in a sweep, helping traders identify liquidity events on the chart.
🔶 SETTINGS
The settings for Short-Term, Intermediate-Term, and Long-Term Structures are organized into groups, allowing users to customize swing points, market structures, and visual styles for each.
🔹 Structures
Swings and Size: Enables or disables the display of swing highs and lows, assigns icons to represent the structures, and adjusts the size of the icons.
Market Structures: Toggles the visibility of market structure lines.
Market Structure Validation: Enable or disable validation to distinguish true breakouts from liquidity sweeps.
Market Structure Labels: Displays or hides labels indicating the type of market structure.
Line Style and Width: Allows customization of the style and width of the lines representing market structures.
Swing and Line Colors: Provides options to adjust the colors of swing icons, market structure lines, and labels for better visualization.
🔶 RELATED SCRIPTS
Pure-Price-Action-Structures.
Market-Structures-(Intrabar).
Cari dalam skrip untuk "break"
RSI Bollinger Bands [DCAUT]█ RSI Bollinger Bands
📊 ORIGINALITY & INNOVATION
The RSI Bollinger Bands indicator represents a meaningful advancement in momentum analysis by combining two proven technical tools: the Relative Strength Index (RSI) and Bollinger Bands. This combination addresses a significant limitation in traditional RSI analysis - the use of fixed overbought/oversold thresholds (typically 70/30) that fail to adapt to changing market volatility conditions.
Core Innovation:
Rather than relying on static threshold levels, this indicator applies Bollinger Bands statistical analysis directly to RSI values, creating dynamic zones that automatically adjust based on recent momentum volatility. This approach helps reduce false signals during low volatility periods while remaining sensitive to genuine extremes during high volatility conditions.
Key Enhancements Over Traditional RSI:
Dynamic Thresholds: Overbought/oversold zones adapt to market conditions automatically, eliminating the need for manual threshold adjustments across different instruments and timeframes
Volatility Context: Band width provides immediate visual feedback about momentum volatility, helping traders distinguish between stable trends and erratic movements
Reduced False Signals: During ranging markets, narrower bands filter out minor RSI fluctuations that would trigger traditional fixed-threshold signals
Breakout Preparation: Band squeeze patterns (similar to price-based BB) signal potential momentum regime changes before they occur
Self-Referencing Analysis: By measuring RSI against its own statistical behavior rather than arbitrary levels, the indicator provides more relevant context
📐 MATHEMATICAL FOUNDATION
Two-Stage Calculation Process:
Stage 1: RSI Calculation
RSI = 100 - (100 / (1 + RS))
where RS = Average Gain / Average Loss over specified period
The RSI normalizes price momentum into a bounded 0-100 scale, making it ideal for statistical band analysis.
Stage 2: Bollinger Bands on RSI
Basis = MA(RSI, BB Length)
Upper Band = Basis + (StdDev(RSI, BB Length) × Multiplier)
Lower Band = Basis - (StdDev(RSI, BB Length) × Multiplier)
Band Width = Upper Band - Lower Band
The Bollinger Bands measure RSI's standard deviation from its own moving average, creating statistically-derived dynamic zones.
Statistical Interpretation:
Under normal distribution assumptions with default 2.0 multiplier, approximately 95% of RSI values should fall within the bands
Band touches represent statistically significant momentum extremes relative to recent behavior
Band width expansion indicates increasing momentum volatility (strengthening trend or increasing uncertainty)
Band width contraction signals momentum consolidation and potential regime change preparation
📊 COMPREHENSIVE SIGNAL ANALYSIS
Visual Color Signals:
This indicator features dynamic color fills that highlight extreme momentum conditions:
Green Fill (Above Upper Band):
Appears when RSI breaks above the upper band, indicating exceptionally strong bullish momentum
Represents dynamic overbought zone - not necessarily a reversal signal but a warning of extreme conditions
In strong uptrends, green fills can persist as RSI "rides the band" - this indicates sustained momentum strength
Exit of green zone (RSI falling back below upper band) often signals initial momentum weakening
Red Fill (Below Lower Band):
Appears when RSI breaks below the lower band, indicating exceptionally weak bearish momentum
Represents dynamic oversold zone - potential reversal or continuation signal depending on trend context
In strong downtrends, red fills can persist as RSI "rides the band" - this indicates sustained selling pressure
Exit of red zone (RSI rising back above lower band) often signals initial momentum recovery
Position-Based Signals:
Upper Band Interactions:
RSI Touching Upper Band: Dynamic overbought condition - momentum is extremely strong relative to recent volatility, potential exhaustion or continuation depending on trend context
RSI Riding Upper Band: Sustained strong momentum, often seen in powerful trends, not necessarily an immediate reversal signal but warrants monitoring for exhaustion
RSI Crossing Below Upper Band: Initial momentum weakening signal, particularly significant if accompanied by price divergence
Lower Band Interactions:
RSI Touching Lower Band: Dynamic oversold condition - momentum is extremely weak relative to recent volatility, potential reversal or continuation of downtrend
RSI Riding Lower Band: Sustained weak momentum, common in strong downtrends, monitor for potential exhaustion
RSI Crossing Above Lower Band: Initial momentum strengthening signal, early indication of potential reversal or consolidation
Basis Line Signals:
RSI Above Basis: Bullish momentum regime - upward pressure dominant
RSI Below Basis: Bearish momentum regime - downward pressure dominant
Basis Crossovers: Momentum regime shifts, more significant when accompanied by band width changes
RSI Oscillating Around Basis: Balanced momentum, often indicates ranging market conditions
Volatility-Based Signals:
Band Width Patterns:
Narrow Bands (Squeeze): Momentum volatility compression, often precedes significant directional moves, similar to price coiling patterns
Expanding Bands: Increasing momentum volatility, indicates trend acceleration or growing uncertainty
Narrowest Band in 100 Bars: Extreme compression alert, high probability of upcoming volatility expansion
Advanced Pattern Recognition:
Divergence Analysis:
Bullish Divergence: Price makes lower lows while RSI touches or stays above previous lower band touch, suggests downward momentum weakening
Bearish Divergence: Price makes higher highs while RSI touches or stays below previous upper band touch, suggests upward momentum weakening
Hidden Bullish: Price makes higher lows while RSI makes lower lows at the lower band, indicates strong underlying bullish momentum
Hidden Bearish: Price makes lower highs while RSI makes higher highs at the upper band, indicates strong underlying bearish momentum
Band Walk Patterns:
Upper Band Walk: RSI consistently touching or staying near upper band indicates exceptionally strong trend, wait for clear break below basis before considering reversal
Lower Band Walk: RSI consistently at lower band signals very weak momentum, requires break above basis for reversal confirmation
🎯 STRATEGIC APPLICATIONS
Strategy 1: Mean Reversion Trading
Setup Conditions:
Market Type: Ranging or choppy markets with no clear directional trend
Timeframe: Works best on lower timeframes (5m-1H) or during consolidation phases
Band Characteristic: Normal to narrow band width
Entry Rules:
Long Entry: RSI touches or crosses below lower band, wait for RSI to start rising back toward basis before entry
Short Entry: RSI touches or crosses above upper band, wait for RSI to start falling back toward basis before entry
Confirmation: Use price action confirmation (candlestick reversal patterns) at band touches
Exit Rules:
Target: RSI returns to basis line or opposite band
Stop Loss: Fixed percentage or below recent swing low/high
Time Stop: Exit if position not profitable within expected timeframe
Strategy 2: Trend Continuation Trading
Setup Conditions:
Market Type: Clear trending market with higher highs/lower lows
Timeframe: Medium to higher timeframes (1H-Daily)
Band Characteristic: Expanding or wide bands indicating strong momentum
Entry Rules:
Long Entry in Uptrend: Wait for RSI to pull back to basis line or slightly below, enter when RSI starts rising again
Short Entry in Downtrend: Wait for RSI to rally to basis line or slightly above, enter when RSI starts falling again
Avoid Counter-Trend: Do not fade RSI at bands during strong trends (band walk patterns)
Exit Rules:
Trailing Stop: Move stop to break-even when RSI reaches opposite band
Trend Break: Exit when RSI crosses basis against trend direction with conviction
Band Squeeze: Reduce position size when bands start narrowing significantly
Strategy 3: Breakout Preparation
Setup Conditions:
Market Type: Consolidating market after significant move or at key technical levels
Timeframe: Any timeframe, but longer timeframes provide more reliable breakouts
Band Characteristic: Narrowest band width in recent 100 bars (squeeze alert)
Preparation Phase:
Identify band squeeze condition (bands at multi-period narrowest point)
Monitor price action for consolidation patterns (triangles, rectangles, flags)
Prepare bracket orders for both directions
Wait for band expansion to begin
Entry Execution:
Breakout Confirmation: Enter in direction of RSI band breakout (RSI breaks above upper band or below lower band)
Price Confirmation: Ensure price also breaks corresponding technical level
Volume Confirmation: Look for volume expansion supporting the breakout
Risk Management:
Stop Loss: Place beyond consolidation pattern opposite extreme
Position Sizing: Use smaller size due to false breakout risk
Quick Exit: Exit immediately if RSI returns inside bands within 1-3 bars
Strategy 4: Multi-Timeframe Analysis
Timeframe Selection:
Higher Timeframe: Daily or 4H for trend context
Trading Timeframe: 1H or 15m for entry signals
Confirmation Timeframe: 5m or 1m for precise entry timing
Analysis Process:
Trend Identification: Check higher timeframe RSI position relative to bands, trade only in direction of higher timeframe momentum
Setup Formation: Wait for trading timeframe RSI to show pullback to basis in trending direction
Entry Timing: Use confirmation timeframe RSI band touch or crossover for precise entry
Alignment Confirmation: All timeframes should show RSI moving in same direction for highest probability setups
📋 DETAILED PARAMETER CONFIGURATION
RSI Source:
Close (Default): Standard price point, balances responsiveness and reliability
HL2: Reduces noise from intrabar volatility, provides smoother RSI values
HLC3 or OHLC4: Further smoothing for very choppy markets, slower to respond but more stable
Volume-Weighted: Consider using VWAP or volume-weighted prices for additional liquidity context
RSI Length Parameter:
Shorter Periods (5-10): More responsive but generates more signals, suitable for scalping or very active trading, higher noise level
Standard (14): Default and most widely used setting, proven balance between responsiveness and reliability, recommended starting point
Longer Periods (21-30): Smoother momentum measurement, fewer but potentially more reliable signals, better for swing trading or position trading
Optimization Note: Test across different market regimes, optimal length often varies by instrument volatility characteristics
RSI MA Type Parameter:
RMA (Default): Wilder's original smoothing method, provides traditional RSI behavior with balanced lag, most widely recognized and tested, recommended for standard technical analysis
EMA: Exponential smoothing gives more weight to recent values, faster response to momentum changes, suitable for active trading and trending markets, reduces lag compared to RMA
SMA: Simple average treats all periods equally, smoothest output with highest lag, best for filtering noise in choppy markets, useful for long-term position analysis
WMA: Weighted average emphasizes recent data less aggressively than EMA, middle ground between SMA and EMA characteristics, balanced responsiveness for swing trading
Advanced Options: Full access to 25+ moving average types including HMA (reduced lag), DEMA/TEMA (enhanced responsiveness), KAMA/FRAMA (adaptive behavior), T3 (smoothness), Kalman Filter (optimal estimation)
Selection Guide: RMA for traditional analysis and backtesting consistency, EMA for faster signals in trending markets, SMA for stability in ranging markets, adaptive types (KAMA/FRAMA) for varying volatility regimes
BB Length Parameter:
Short Length (10-15): Tighter bands that react quickly to RSI changes, more frequent band touches, suitable for active trading styles
Standard (20): Balanced approach providing meaningful statistical context without excessive lag
Long Length (30-50): Smoother bands that filter minor RSI fluctuations, captures only significant momentum extremes, fewer but higher quality signals
Relationship to RSI Length: Consider BB Length greater than RSI Length for cleaner signals
BB MA Type Parameter:
SMA (Default): Standard Bollinger Bands calculation using simple moving average for basis line, treats all periods equally, widely recognized and tested approach
EMA: Exponential smoothing for basis line gives more weight to recent RSI values, creates more responsive bands that adapt faster to momentum changes, suitable for trending markets
RMA: Wilder's smoothing provides consistent behavior aligned with traditional RSI when using RMA for both RSI and BB calculations
WMA: Weighted average for basis line balances recent emphasis with historical context, middle ground between SMA and EMA responsiveness
Advanced Options: Full access to 25+ moving average types for basis calculation, including HMA (reduced lag), DEMA/TEMA (enhanced responsiveness), KAMA/FRAMA (adaptive to volatility changes)
Selection Guide: SMA for standard Bollinger Bands behavior and backtesting consistency, EMA for faster band adaptation in dynamic markets, matching RSI MA type creates unified smoothing behavior
BB Multiplier Parameter:
Conservative (1.5-1.8): Tighter bands resulting in more frequent touches, useful in low volatility environments, higher signal frequency but potentially more false signals
Standard (2.0): Default setting representing approximately 95% confidence interval under normal distribution, widely accepted statistical threshold
Aggressive (2.5-3.0): Wider bands capturing only extreme momentum conditions, fewer but potentially more significant signals, reduces false signals in high volatility
Adaptive Approach: Consider adjusting multiplier based on instrument characteristics, lower multiplier for stable instruments, higher for volatile instruments
Parameter Optimization Workflow:
Start with default parameters (RSI:14, BB:20, Mult:2.0)
Test across representative sample period including different market regimes
Adjust RSI length based on desired responsiveness vs stability tradeoff
Tune BB length to match your typical holding period
Modify multiplier to achieve desired signal frequency
Validate on out-of-sample data to avoid overfitting
Document optimal parameters for different instruments and timeframes
Reference Levels Display:
Enabled (Default): Shows traditional 30/50/70 levels for comparison with dynamic bands, helps visualize the adaptive advantage
Disabled: Cleaner chart focusing purely on dynamic zones, reduces visual clutter for experienced users
Educational Value: Keeping reference levels visible helps understand how dynamic bands differ from fixed thresholds across varying market conditions
📈 PERFORMANCE ANALYSIS & COMPETITIVE ADVANTAGES
Comparison with Traditional RSI:
Fixed Threshold RSI Limitations:
In ranging low-volatility markets: RSI rarely reaches 70/30, missing tradable extremes
In trending high-volatility markets: RSI frequently breaks through 70/30, generating excessive false reversal signals
Across different instruments: Same thresholds applied to volatile crypto and stable forex pairs produce inconsistent results
Threshold Adjustment Problem: Manually changing thresholds for different conditions is subjective and lagging
RSI Bollinger Bands Advantages:
Automatic Adaptation: Bands adjust to current volatility regime without manual intervention
Consistent Logic: Same statistical approach works across different instruments and timeframes
Reduced False Signals: Band width filtering helps distinguish meaningful extremes from noise
Additional Information: Band width provides volatility context missing in standard RSI
Objective Extremes: Statistical basis (standard deviations) provides objective extreme definition
Comparison with Price-Based Bollinger Bands:
Price BB Characteristics:
Measures absolute price volatility
Affected by large price gaps and outliers
Band position relative to price not normalized
Difficult to compare across different price scales
RSI BB Advantages:
Normalized Scale: RSI's 0-100 bounds make band interpretation consistent across all instruments
Momentum Focus: Directly measures momentum extremes rather than price extremes
Reduced Gap Impact: RSI calculation smooths price gaps impact on band calculations
Comparable Analysis: Same RSI BB appearance across stocks, forex, crypto enables consistent strategy application
Performance Characteristics:
Signal Quality:
Higher Signal-to-Noise Ratio: Dynamic bands help filter RSI oscillations that don't represent meaningful extremes
Context-Aware Alerts: Band width provides volatility context helping traders adjust position sizing and stop placement
Reduced Whipsaws: During consolidations, narrower bands prevent premature signals from minor RSI movements
Responsiveness:
Adaptive Lag: Band calculation introduces some lag, but this lag is adaptive to current conditions rather than fixed
Faster Than Manual Adjustment: Automatic band adjustment is faster than trader's ability to manually modify thresholds
Balanced Approach: Combines RSI's inherent momentum lag with BB's statistical smoothing for stable yet responsive signals
Versatility:
Multi-Strategy Application: Supports both mean reversion (ranging markets) and trend continuation (trending markets) approaches
Universal Instrument Coverage: Works effectively across equities, forex, commodities, cryptocurrencies without parameter changes
Timeframe Agnostic: Same interpretation applies from 1-minute charts to monthly charts
Limitations and Considerations:
Known Limitations:
Dual Lag Effect: Combines RSI's momentum lag with BB's statistical lag, making it less suitable for very short-term scalping
Requires Volatility History: Needs sufficient bars for BB calculation, less effective immediately after major regime changes
Statistical Assumptions: Assumes RSI values are somewhat normally distributed, extreme trending conditions may violate this
Not a Standalone System: Like all indicators, should be combined with price action analysis and risk management
Optimal Use Cases:
Best for swing trading and position trading timeframes
Most effective in markets with alternating volatility regimes
Ideal for traders who use multiple instruments and timeframes
Suitable for systematic trading approaches requiring consistent logic
Suboptimal Conditions:
Very low timeframes (< 5 minutes) where lag becomes problematic
Instruments with extreme volatility spikes (gap-prone markets)
Markets in strong persistent trends where mean reversion rarely occurs
Periods immediately following major structural changes (new trading regime)
USAGE NOTES
This indicator is designed for technical analysis and educational purposes to help traders understand the interaction between momentum measurement and statistical volatility bands. The RSI Bollinger Bands has limitations and should not be used as the sole basis for trading decisions.
Important Considerations:
No Predictive Guarantee: Past band touches and patterns do not guarantee future price behavior
Market Regime Dependency: Indicator performance varies significantly between trending and ranging market conditions
Complementary Analysis Required: Should be used alongside price action, support/resistance levels, and fundamental analysis
Risk Management Essential: Always use proper position sizing, stop losses, and risk controls regardless of signal quality
Parameter Sensitivity: Different instruments and timeframes may require parameter optimization for optimal results
Continuous Monitoring: Band characteristics change with market conditions, requiring ongoing assessment
Recommended Supporting Analysis:
Price structure analysis (support/resistance, trend lines)
Volume confirmation for breakout signals
Multiple timeframe alignment
Market context awareness (news events, session times)
Correlation analysis with related instruments
The indicator aims to provide adaptive momentum analysis that adjusts to changing market volatility, but traders must apply sound judgment, proper risk management, and comprehensive market analysis in their decision-making process.
GRG/RGR Signal, MA, Ranges and PivotsThis indicator is a combination of several indicators.
It is a combination of two of my indicators which I solely use for trading
1. EMA 10-20-50-200, Pivots and Previous Day/Week/Month range
2. 3/4-Bar GRG / RGR Pattern (Conditional 4th Candle)
You can use them individually if you already have some of them or just use this one. Belive me when I say, this is all you need, along with market structure knowlege and even if you don’t have that, this indicator has been doing wonders for me. This is all I use. I do not use anything else.
**Note - Do checkout the indicators individually as I have added valuable information in the comment section.
It contains the following,
1. 10 EMA/SMA - configurable
2. 20 EMA/SMA - configurable
3. 50 EMA/SMA - configurable
4. 200 EMA/SMA - configurable
5. Previous Day's Range - configurable
6. Previous Week's Range - configurable
7. Previous Month's Range - configurable
8. Pivots - configurable
9. Buy Sell Signal - configurable
The Moving Averages
It is a very important combination and using it correctly with price action will strengthen your entries and exits.
The ema's or sma's added are the most powerful ones and they do definitely act as support and resistance.
The Daily/Weekly/Monthly Ranges
The Daily/Weekly/Monthly ranges are extremely important for any trader and should be used for targets and reversals.
Pivots
Pivots can provide support and resistance level. R5 and S5 can be used to check for over stretched conditions. You can customise them however you like. It is a full pivot indicator.
It is defaulted to show R5 and S5 only to reduce noise in the chart but it can be customised.
The 3/4 RGR or GRG Signal Generator
Combined with a 3/4 RGR or GRG setup can be all a trader needs.
You don't need complex strategies and SMC concepts to trade. Simple EMAs, ranges and RGR/GRG setup is the most winning combination.
This indicator can be used to identify the Green-Red-Green or Red-Green-Red pattern.
It is a price action indicator where a price action which identifies the defeat of buyers and sellers.
If the buyers comprehensively defeat the sellers then the price moves up and if the sellers defeat the buyers then the price moves down.
In my trading experience this is what defines the price movement.
It is a 3 or 4 candle pattern, beyond that i.e, 5 or more candles could mean a very sideways market and unnecessary signal generation.
How does it work?
Upside/Green signal
1. Say candle 1 is Green, which means buyers stepped in, then candle 2 is Red or a Doji, that means sellers brought the price down. Then if candle 3 is forming to be Green and breaks the closing of the 1st candle and opening of the 2nd candle, then a green arrow will appear and that is the place where you want to take your trade.
2. Here the buyers defeated the sellers.
3. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4.
4. Important - We need to enter the trade as soon as the price moves above the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close. Ignore wicks.
5. But for a more optimised entry I have added an option to use candle’s highs and lows instead of open and close. This reduces lot of noise and provides us with more precise entry. This setting is turned on by default.
6. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market.
7. I call it the +-+ or GRG pattern or Green-Red-Green or Buyer-Seller-Buyer or Seller defeated or just Buyer pattern.
8. Stop loss can be candle 2's mid for safe traders (that includes me) or candle 2's body low for risky traders.
9. Back testing suggests that body low will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster.
Downside/Red signal
1. Say candle 1 is Red, which means sellers stepped in, then candle 2 is Green or a Doji, that means buyers took the price up. Then if candle 3 is forming to be Red and breaks the closing of the 1st candle and opening of the 2nd candle then a Red arrow will appear and that is the place where you want to take your trade.
2. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4.
3. We need to enter the trade as soon as the price moves below the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close.
4. But for a more optimised entry I have added an option to use candle’s highs and lows instead of open and close. This reduces lot of noise and provides us with more precise entry. This setting is turned on by default.
5. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market.
6. I call it the -+- or RGR pattern or Red-Green-Red or Seller-Buyer-Seller or Buyer defeated or just Seller pattern.
7. Stop loss can be candle 2's mid for safe traders ( that includes me) or candle 2's body high for risky traders.
8. Back testing suggests that body high will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster.
Combining Indicators and Signal
Combining these indicators with GRG/RGR signal can be very powerful and can provide big moves.
1. MA crossover and Signal - This is very powerful and provides a very big move. Trades can be held for longer. If after taking the trade we notice that the MA crossover has happened then trades can be held for higher targets.
2. Pivots and Signal - Pivots and add a support or resistance point. Take profits on these points. R5/S5 are over streched conditions so we can start looking for reversal signals and ignore other signals
3. Intraday Range - first 1, 5, 15 min of the day - Sideways days is when price will stay in these ranges. You can take profits at these ranges or if the range is broken and we get a signal, then it can mean that the direction will be sustained.
4. Previous Day/Week/Month Ranges - These can be used as Take Profit points if the price is moving towards them after getting the signal. If the range is broken and we get a signal then it can be a strong signal. They can also be used as reversal points if a strong signal is generated.
Important Settings
1. Include 4th Candle Confirmation - You can enable or disable the 4th candle signal to avoid the noise, but at times I have noticed that the 4th candle gives a very strong signal or I can say that the strong signal falls on the 4th candle. This is mostly a coincidence.
2. Bars to check (default 10) - You can also configure how many previous bars should the signal be generated for. 10 to 30 is good enough. To backtest increase it to 2000 or 5000 for example.
3. Use Candle High/Low for confirmation instead of Candle Open/Close - More optimized entry and noise reduction. This option is now defaulted to false.
4. Show Green-Red-Green (bull) signals - Show only bull entries. Useful when I have a predefined view i.e, I know market is going to go up today.
5. Show Red-Green-Red (bear) signals - Show only bear entries. Useful when I have a predefined view i.e, I know market is going to go down today.
6. 3rd candle should be a Strong candle before considering 4th candle - This will enforce additional logic in 4 candle setup that the 3rd candle is the candle in our direction of breakout. This means something like GRGG is mandatory, which is still the default behaviour. If disabled, the 3rd candle can be any candle and 4th candle will act as our breakout candle. This behaviour has led to breakouts and breakdowns as times, hence I added this as a separate feature. Vice-versa for a RGGR.
For a 4 candle setup till now we were expecting GRGG or RGRR but we can let the system ignore the 3rd candle completely if needed.
This will result in additional signals.
7. Three intraday ranges added for index and stock traders - 1 min, 5 min and 15 min ranges will be displayed. These are disabled by default except 15 min. These are very important ranges and in sideways days the price will usually move within the 15 min. A breakout of this range and a positive signal can be a very powerful setup.
Safe traders can avoid taking a trade in this range as it can lead to fakeouts.
The line style, width, color and opacity are configurable.
Pointers/Golden Rules
1. If after taking the trade, the next candle moves in your direction and closes strong bullish or bearish, then move SL to break even and after that you can trail it.
2. If a upside trade hits SL and immediately a down side trade signal is generated on the next candle then take it. Vice versa is true.
3. Trades need to be taken on previous 2 candle's body high or low combined and not the wicks.
4. The most losses a trader takes is on a sideways day and because in our strategy the stop loss is so small that even on a sideways day we'll get out with a little profit or worst break even.
5. Hold trades for longer targets and don't panic.
6. If last 3-4 days have been sideways then there is a good probability that today will be trending so we can hold our trade for longer targets. Inverse is true when the market has been trending for 2-3 days then volatility followed by sideways is coming (DOW theory). Target to hold the trade for whole day and not exit till the day closes.
7. In general avoid trading in the middle of the day for index and stocks. Divide the day into 3 parts and avoid the middle.
8. Use Support/Resistance, 10, 20, 50, 200 EMA/SMA, Gaps, Whole/Round numbers(very imp) for identifying targets.
9. Trail your SL.
10. For indexes I would use 5 min and 15 min timeframe and at times 10 mins.
11. For commodities and crypto we can use higher timeframe as well. Look for signals during volatile time durations and avoid trading the whole day. Signal usually gives good targets on those times.
12. If a GRG or RGR pattern appears on a daily timeframe then this is our time to go big.
13. Minimum Risk to Reward should be 1:2 and for longer targets can be 1:4 to 1:10.
14. Trade with small lot size. Money management will happen automatically.
15. With small lot size and correct Risk-Reward we can be very profitable. Don't trade with big lot size.
16. Stay in the market for longer and collect points not money.
17. Very imp - Watch market and learn to generate a market view.
18. Very imp - Only 3 type of candles are needed in trading -
Strong Bullish (Big Green candle), Strong Bearish (Big Red candle),
Hammer (it is Strong Bullish), Inverse Hammer (it is Strong Bearish)
and Doji (indecision or confusion).
If on daily timeframe I see Strong Bullish candle previous day then I am biased to the upside the next day, if I see Strong Bearish candle the previous day then I am biased to the downside the next day, if I see Doji on the previous day then I am cautious the next day, if there are back to back Dojis forming in daily or weekly then I am preparing for big move so time to go big once I get the signal.
19. Most Important Candlestick pattern - Bullish and Bearish Engulfing
20. The only Chart patterns I need -
a) Falling Wedge/Channel Bullish Pattern Uptrend or Bull Flag - Buying - Forming over a couple days for intraday and forming over a couple of weeks for swing
b) Falling Wedge/Channel Bullish Pattern Downtrend or Falling Channel - Buying
c) Rising Wedge Bearish Pattern Uptrend or Rising Channel - Selling
d) Rising Wedge Bearish Pattern Downtrend or Bear flag - Selling
e) Head and Shoulder - Over a longer period not for intraday. In 15 min takes few days and for swing 1hr or 4h or daily can take few days
f) M and W pattern - Reversal Patterns - They form within the above 4 patterns, usually resulting in the break of trend line
21. How Gaps work -
a) Small Gap up in Uptrend - Market can fill the gap and reverse. The perception is that people are buying. If previous day candle was Strong Bullish then market view is up.
b) Big Gap up in Uptrend - Not news driven - Profit booking will come but may not fill the entire gap
c) Big Gap up in Uptrend - News driven, war related, tax, interest rate - Market can keep going up without stopping.
c) Flat opening in Uptrend - Big chance of market going up. If previous day candle was Strong Bullish then view is upwards, if it was Doji then still upwards.
d) Gap down in Uptrend - Market is surprised. After going down initially it can go up
e) Small Gap down in Downtrend - Market can fill the gap and keep moving down. If previous day candle was Strong Bearish then view is still down.
f) Flat opening in Downtrend - View is down, short today.
g) Big Gap down in Downtrend - Profit booking and foolish buying will come but market view is still down.
h) Gap down with News - Volatility, sideways then down.
i) Gap Up in Downtrend - Can move up - Price can move up during 2/3rd of the day and End of the day revert and close in red.
22. Go big on bearish days for option traders. Puts are better bought and Calls are better sold.
23. Cluster of green signals can lead to bigger move on the upside and vice versa for red signals.
24. Most of this is what I learned from successful traders (from the top 2%) only the indicator is mine.
BOCS AdaptiveBOCS Adaptive Strategy - Automated Volatility Breakout System
WHAT THIS STRATEGY DOES:
This is an automated trading strategy that detects consolidation patterns through volatility analysis and executes trades when price breaks out of these channels. Take-profit and stop-loss levels are calculated dynamically using Average True Range (ATR) to adapt to current market volatility. The strategy closes positions partially at the first profit target and exits the remainder at the second target or stop loss.
TECHNICAL METHODOLOGY:
Price Normalization Process:
The strategy begins by normalizing price to create a consistent measurement scale. It calculates the highest high and lowest low over a user-defined lookback period (default 100 bars). The current close price is then normalized using the formula: (close - lowest_low) / (highest_high - lowest_low). This produces values between 0 and 1, allowing volatility analysis to work consistently across different instruments and price levels.
Volatility Detection:
A 14-period standard deviation is applied to the normalized price series. Standard deviation measures how much prices deviate from their average - higher values indicate volatility expansion, lower values indicate consolidation. The strategy uses ta.highestbars() and ta.lowestbars() functions to track when volatility reaches peaks and troughs over the detection length period (default 14 bars).
Channel Formation Logic:
When volatility crosses from a high level to a low level, this signals the beginning of a consolidation phase. The strategy records this moment using ta.crossover(upper, lower) and begins tracking the highest and lowest prices during the consolidation. These become the channel boundaries. The duration between the crossover and current bar must exceed 10 bars minimum to avoid false channels from brief volatility spikes. Channels are drawn using box objects with the recorded high/low boundaries.
Breakout Signal Generation:
Two detection modes are available:
Strong Closes Mode (default): Breakout occurs when the candle body midpoint math.avg(close, open) exceeds the channel boundary. This filters out wick-only breaks.
Any Touch Mode: Breakout occurs when the close price exceeds the boundary.
When price closes above the upper channel boundary, a bullish breakout signal generates. When price closes below the lower boundary, a bearish breakout signal generates. The channel is then removed from the chart.
ATR-Based Risk Management:
The strategy uses request.security() to fetch ATR values from a specified timeframe, which can differ from the chart timeframe. For example, on a 5-minute chart, you can use 1-minute ATR for more responsive calculations. The ATR is calculated using ta.atr(length) with a user-defined period (default 14).
Exit levels are calculated at the moment of breakout:
Long Entry Price = Upper channel boundary
Long TP1 = Entry + (ATR × TP1 Multiplier)
Long TP2 = Entry + (ATR × TP2 Multiplier)
Long SL = Entry - (ATR × SL Multiplier)
For short trades, the calculation inverts:
Short Entry Price = Lower channel boundary
Short TP1 = Entry - (ATR × TP1 Multiplier)
Short TP2 = Entry - (ATR × TP2 Multiplier)
Short SL = Entry + (ATR × SL Multiplier)
Trade Execution Logic:
When a breakout occurs, the strategy checks if trading hours filter is satisfied (if enabled) and if position size equals zero (no existing position). If volume confirmation is enabled, it also verifies that current volume exceeds 1.2 times the 20-period simple moving average.
If all conditions are met:
strategy.entry() opens a position using the user-defined number of contracts
strategy.exit() immediately places a stop loss order
The code monitors price against TP1 and TP2 levels on each bar
When price reaches TP1, strategy.close() closes the specified number of contracts (e.g., if you enter with 3 contracts and set TP1 close to 1, it closes 1 contract). When price reaches TP2, it closes all remaining contracts. If stop loss is hit first, the entire position exits via the strategy.exit() order.
Volume Analysis System:
The strategy uses ta.requestUpAndDownVolume(timeframe) to fetch up volume, down volume, and volume delta from a specified timeframe. Three display modes are available:
Volume Mode: Shows total volume as bars scaled relative to the 20-period average
Comparison Mode: Shows up volume and down volume as separate bars above/below the channel midline
Delta Mode: Shows net volume delta (up volume - down volume) as bars, positive values above midline, negative below
The volume confirmation logic compares breakout bar volume to the 20-period SMA. If volume ÷ average > 1.2, the breakout is classified as "confirmed." When volume confirmation is enabled in settings, only confirmed breakouts generate trades.
INPUT PARAMETERS:
Strategy Settings:
Number of Contracts: Fixed quantity to trade per signal (1-1000)
Require Volume Confirmation: Toggle to only trade signals with volume >120% of average
TP1 Close Contracts: Exact number of contracts to close at first target (1-1000)
Use Trading Hours Filter: Toggle to restrict trading to specified session
Trading Hours: Session input in HHMM-HHMM format (e.g., "0930-1600")
Main Settings:
Normalization Length: Lookback bars for high/low calculation (1-500, default 100)
Box Detection Length: Period for volatility peak/trough detection (1-100, default 14)
Strong Closes Only: Toggle between body midpoint vs close price for breakout detection
Nested Channels: Allow multiple overlapping channels vs single channel at a time
ATR TP/SL Settings:
ATR Timeframe: Source timeframe for ATR calculation (1, 5, 15, 60, etc.)
ATR Length: Smoothing period for ATR (1-100, default 14)
Take Profit 1 Multiplier: Distance from entry as multiple of ATR (0.1-10.0, default 2.0)
Take Profit 2 Multiplier: Distance from entry as multiple of ATR (0.1-10.0, default 3.0)
Stop Loss Multiplier: Distance from entry as multiple of ATR (0.1-10.0, default 1.0)
Enable Take Profit 2: Toggle second profit target on/off
VISUAL INDICATORS:
Channel boxes with semi-transparent fill showing consolidation zones
Green/red colored zones at channel boundaries indicating breakout areas
Volume bars displayed within channels using selected mode
TP/SL lines with labels showing both price level and distance in points
Entry signals marked with up/down triangles at breakout price
Strategy status table showing position, contracts, P&L, ATR values, and volume confirmation status
HOW TO USE:
For 2-Minute Scalping:
Set ATR Timeframe to "1" (1-minute), ATR Length to 12, TP1 Multiplier to 2.0, TP2 Multiplier to 3.0, SL Multiplier to 1.5. Enable volume confirmation and strong closes only. Use trading hours filter to avoid low-volume periods.
For 5-15 Minute Day Trading:
Set ATR Timeframe to match chart or use 5-minute, ATR Length to 14, TP1 Multiplier to 2.0, TP2 Multiplier to 3.5, SL Multiplier to 1.2. Volume confirmation recommended but optional.
For Hourly+ Swing Trading:
Set ATR Timeframe to 15-30 minute, ATR Length to 14-21, TP1 Multiplier to 2.5, TP2 Multiplier to 4.0, SL Multiplier to 1.5. Volume confirmation optional, nested channels can be enabled for multiple setups.
BACKTEST CONSIDERATIONS:
Strategy performs best during trending or volatility expansion phases
Consolidation-heavy or choppy markets produce more false signals
Shorter timeframes require wider stop loss multipliers due to noise
Commission and slippage significantly impact performance on sub-5-minute charts
Volume confirmation generally improves win rate but reduces trade frequency
ATR multipliers should be optimized for specific instrument characteristics
COMPATIBLE MARKETS:
Works on any instrument with price and volume data including forex pairs, stock indices, individual stocks, cryptocurrency, commodities, and futures contracts. Requires TradingView data feed that includes volume for volume confirmation features to function.
KNOWN LIMITATIONS:
Stop losses execute via strategy.exit() and may not fill at exact levels during gaps or extreme volatility
request.security() on lower timeframes requires higher-tier TradingView subscription
False breakouts inherent to breakout strategies cannot be completely eliminated
Performance varies significantly based on market regime (trending vs ranging)
Partial closing logic requires sufficient position size relative to TP1 close contracts setting
RISK DISCLOSURE:
Trading involves substantial risk of loss. Past performance of this or any strategy does not guarantee future results. This strategy is provided for educational purposes and automated backtesting. Thoroughly test on historical data and paper trade before risking real capital. Market conditions change and strategies that worked historically may fail in the future. Use appropriate position sizing and never risk more than you can afford to lose. Consider consulting a licensed financial advisor before making trading decisions.
ACKNOWLEDGMENT & CREDITS:
This strategy is built upon the channel detection methodology created by AlgoAlpha in the "Smart Money Breakout Channels" indicator. Full credit and appreciation to AlgoAlpha for pioneering the normalized volatility approach to identifying consolidation patterns and sharing this innovative technique with the TradingView community. The enhancements added to the original concept include automated trade execution, multi-timeframe ATR-based risk management, partial position closing by contract count, volume confirmation filtering, and real-time position monitoring.
Opening Range IndicatorComplete Trading Guide: Opening Range Breakout Strategy
What Are Opening Ranges?
Opening ranges capture the high and low prices during the first few minutes of market open. These levels often act as key support and resistance throughout the trading day because:
Heavy volume occurs at market open as overnight orders execute
Institutional activity is concentrated during opening minutes
Price discovery happens as market participants react to overnight news
Psychological levels are established that traders watch all day
Understanding the Three Timeframes
OR5 (5-Minute Range: 9:30-9:35 AM)
Most sensitive - captures immediate market reaction
Quick signals but higher false breakout rate
Best for scalping and momentum trading
Use for early entry when conviction is high
OR15 (15-Minute Range: 9:30-9:45 AM)
Balanced approach - most popular among day traders
Moderate sensitivity with better reliability
Good for swing trades lasting several hours
Primary timeframe for most strategies
OR30 (30-Minute Range: 9:30-10:00 AM)
Most reliable but slower signals
Lower false breakout rate
Best for position trades and trend following
Use when looking for major moves
Core Trading Strategies
Strategy 1: Basic Breakout
Setup:
Wait for price to break above OR15 high or below OR15 low
Enter on the breakout candle close
Stop loss: Opposite side of the range
Target: 2-3x the range size
Example:
OR15 range: $100.00 - $102.00 (Range = $2.00)
Long entry: Break above $102.00
Stop loss: $99.50 (below OR15 low)
Target: $104.00+ (2x range size)
Strategy 2: Multiple Confirmation
Setup:
Wait for OR5 break first (early signal)
Confirm with OR15 break in same direction
Enter on OR15 confirmation
Stop: Below OR30 if available, or OR15 opposite level
Why it works:
Multiple timeframe confirmation reduces false signals and increases probability of sustained moves.
Strategy 3: Failed Breakout Reversal
Setup:
Price breaks OR15 level but fails to hold
Wait for re-entry into the range
Enter reversal trade toward opposite OR level
Stop: Recent breakout high/low
Target: Opposite side of range + extension
Key insight: Failed breakouts often lead to strong moves in the opposite direction.
Advanced Techniques
Range Quality Assessment
High-Quality Ranges (Trade these):
Range size: 0.5% - 2% of stock price
Clean boundaries (not choppy)
Volume spike during range formation
Clear rejection at range levels
Low-Quality Ranges (Avoid these):
Very narrow ranges (<0.3% of stock price)
Extremely wide ranges (>3% of stock price)
Choppy, overlapping candles
Low volume during formation
Volume Confirmation
For Breakouts:
Look for volume spike (2x+ average) on breakout
Declining volume often signals false breakout
Rising volume during range formation shows interest
Market Context Filters
Best Conditions:
Trending market days (SPY/QQQ with clear direction)
Earnings reactions or news-driven moves
High-volume stocks with good liquidity
Volatility above average (VIX considerations)
Avoid Trading When:
Extremely low volume days
Major economic announcements pending
Holidays or half-days
Choppy, sideways market conditions
Risk Management Rules
Position Sizing
Conservative: Risk 0.5% of account per trade
Moderate: Risk 1% of account per trade
Aggressive: Risk 2% maximum per trade
Stop Loss Placement
Inside the range: Quick exit but higher stop-out rate
Outside opposite level: More room but larger risk
ATR-based: 1.5-2x Average True Range below entry
Profit Taking
Target 1: 1x range size (take 50% off)
Target 2: 2x range size (take 25% off)
Runner: Trail remaining 25% with moving stops
Specific Entry Techniques
Breakout Entry Methods
Method 1: Immediate Entry
Enter as soon as price closes above/below range
Fastest entry but highest false signal rate
Best for strong momentum situations
Method 2: Pullback Entry
Wait for breakout, then pullback to range level
Enter when price bounces off former resistance/support
Better risk/reward but may miss some moves
Method 3: Volume Confirmation
Wait for breakout + volume spike
Enter after volume confirmation candle
Reduces false signals significantly
Multiple Timeframe Entries
Aggressive: OR5 break → immediate entry
Conservative: OR5 + OR15 + OR30 all align → enter
Balanced: OR15 break with OR30 support → enter
Common Mistakes to Avoid
1. Trading Poor-Quality Ranges
❌ Don't trade ranges that are too narrow or too wide
✅ Focus on clean, well-defined ranges with good volume
2. Ignoring Volume
❌ Don't chase breakouts without volume confirmation
✅ Always check for volume spike on breakouts
3. Over-Trading
❌ Don't force trades when ranges are unclear
✅ Wait for high-probability setups only
4. Poor Risk Management
❌ Don't risk more than planned or use tight stops in volatile conditions
✅ Stick to predetermined risk levels
5. Fighting the Trend
❌ Don't fade breakouts in strongly trending markets
✅ Align trades with overall market direction
Daily Trading Routine
Pre-Market (8:00-9:30 AM)
Check overnight news and earnings
Review major indices (SPY, QQQ, IWM)
Identify potential opening range candidates
Set alerts for range breakouts
Market Open (9:30-10:00 AM)
Watch opening range formation
Note volume and price action quality
Mark key levels on charts
Prepare for breakout signals
Trading Session (10:00 AM - 4:00 PM)
Execute breakout strategies
Manage existing positions
Trail stops as profits develop
Look for additional setups
Post-Market Review
Analyze winning and losing trades
Review range quality vs. outcomes
Identify improvement areas
Prepare for next session
Best Stocks/ETFs for Opening Range Trading
Large Cap Stocks (Best for beginners):
AAPL, MSFT, GOOGL, AMZN, TSLA
High liquidity, predictable behavior
Good range formation most days
ETFs (Consistent patterns):
SPY, QQQ, IWM, XLF, XLE
Excellent liquidity
Clear range boundaries
Mid-Cap Growth (Advanced traders):
Stocks with good volume (1M+ shares daily)
Recent news catalysts
Clean technical patterns
Performance Optimization
Track These Metrics:
Win rate by range type (OR5 vs OR15 vs OR30)
Average R/R (risk vs reward ratio)
Best performing market conditions
Time of day performance
Continuous Improvement:
Keep detailed trade journal
Review failed breakouts for patterns
Adjust position sizing based on win rate
Refine entry timing based on backtesting
Final Tips for Success
Start small - Paper trade or use tiny positions initially
Focus on quality - Better to miss trades than take bad ones
Stay disciplined - Stick to your rules even during losing streaks
Adapt to conditions - What works in trending markets may fail in choppy conditions
Keep learning - Markets evolve, so should your approach
The opening range strategy is powerful because it captures natural market behavior, but like all strategies, it requires practice, discipline, and proper risk management to be profitable long-term.
Multi-Strategy Trading Screener SummaryI only combined famous scripts, all thanks to wonderful scripts and community out there .
ThankYou !
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Core Architecture
Multi-Symbol Analysis: Tracks up to 5 configurable tickers simultaneously
Multi-Timeframe Support: Each symbol can use different timeframes
Real-Time Dashboard: Color-coded table displaying all signals and analysis
Trend Validation: All signals include trend alignment confirmation
Integrated Trading Strategies
1. Breaker Blocks (Order Blocks)
Detects institutional order blocks using swing analysis
Tracks when blocks are broken and become "breaker blocks"
Monitors retests of broken levels
Shows trend alignment (✓ aligned, ⚠️ misaligned)
2. Chandelier Exit
ATR-based trend-following exit system
Provides BUY/SELL signals based on dynamic stop levels
Uses configurable ATR multiplier and lookback period
3. Smart Money Breakout
Channel breakout detection with volatility normalization
Identifies accumulation/distribution phases
Generates persistent BUY/SELL signals on breakouts
4. Trendline Breakout
Dynamic trendline detection using pivot highs/lows
Calculates trendline slopes and breakout points
Provides BUY signals on upward breaks, SELL on downward breaks
Dashboard Columns Explained
Symbol: Ticker being analyzed
Trend: Overall SuperTrend direction (🟢 UP / 🔴 DOWN / ⚪ FLAT)
Timeframe: Analysis timeframe with clock icon
Breaker Block: Type (Bullish/Bearish) with trend alignment indicator
Status: Price position relative to breaker block (Inside/Approaching/Far)
Retests: Number of times the broken level was retested (indicates level strength)
Volume: Volume associated with the order block formation
Chandelier: BUY/SELL signals from Chandelier Exit strategy
Smart Money: BUY/SELL signals from breakout detection
Trendline: BUY/SELL signals from trendline breakouts
Key Features
No HOLD States: All signals show definitive BUY (🟢) or SELL (🔴) only
Persistent Signals: Signals remain active until opposite conditions trigger
Color Coding: Visual distinction between bullish (green) and bearish (red) signals
Trend Alignment: Enhanced accuracy through trend confirmation logic
This screener provides a comprehensive view of market conditions across multiple strategies, helping identify high-probability trading opportunities when signals align.
Opening Range v3 (Dynamic)Opening Range Signals v3 (Dynamic) - Indicator Guide
Created by: MecarderoAurum
Why This Indicator Exists: An Overview
The "Opening Range Signals" indicator is a sophisticated tool designed for day traders who focus their strategy on the price action that unfolds during the Regular Trading Hours (RTH) of the New York session (09:30 - 16:00 ET). The opening period of the market, often called the "initial balance," is a critical time where institutions and traders establish the early high and low for the day. Trading the breakout of this range is a classic and effective strategy, but it's often plagued by false moves and "head fakes."
This indicator was built to solve that problem. It not only identifies the initial range but also incorporates a powerful dynamic expansion feature. This allows the indicator to intelligently adapt to early session volatility, filter out false breakouts, and establish more reliable support and resistance levels for the rest of the trading day. It provides a clear, visual framework for executing opening range strategies with more confidence.
Key Features & How to Use Them
1. Customizable Opening Range
This is the foundation of the indicator. It draws the high and low of the initial trading period on your chart.
What it does: Establishes the initial support and resistance levels for the day.
How to use it: In the settings under "Time Settings," you can set the "Opening Range Duration" from 1 to 30 minutes. A shorter duration (e.g., 5 minutes) will be more sensitive and give earlier signals, while a longer duration (e.g., 30 minutes) will establish a wider, more robust range.
2. Dynamic Range Expansion
This is the indicator's most powerful and unique feature. It helps you avoid getting trapped in false breakouts.
What it does: If the price breaks out of the initial range but then quickly closes back inside, the indicator will automatically expand the range to include the full wick of the failed breakout. This tells you the market is still establishing its true range.
How to use it: In the settings under "Dynamic Range," you can:
"Enable Dynamic Range Expansion": This is on by default.
"Expansion Time Limit (Min)": Set how long the indicator should look for these failed breakouts. After this time, the range will be locked for the day.
3. Clear Visual Trading Signals
The indicator provides three distinct signals to help you interpret the price action around the opening range.
Breakout Body (Yellow plotshape):
What it means: The first confirmation that the price has decisively moved outside the established range. It appears when a candle's body closes entirely above the high or below the low.
How to use it: This is your alert that a potential breakout is underway. Do not enter yet; wait for confirmation.
Continuation (Green plotshape):
What it means: This signal appears on the candle immediately following a breakout if it shows momentum in the same direction. It confirms that the breakout has strength.
How to use it: This is a potential entry trigger. A continuation signal suggests the breakout is valid and may continue.
Failure (Red plotshape):
What it means: This signal appears if, after a breakout and continuation, the price quickly reverses and closes back inside the range. It's a strong indication of a false breakout.
How to use it: If you are in a breakout trade, a failure signal is a clear sign to exit. It can also be used as a setup for a reversal trade in the opposite direction.
Sample Strategy: The Breakout-Continuation Trade
This strategy uses the indicator's signals to trade a classic opening range breakout with added confirmation.
Setup:
Set the "Opening Range Duration" to your preferred time (e.g., 5 or 15 minutes).
Ensure the "Dynamic Range Expansion" is enabled to filter out early noise.
Entry Trigger:
Wait for a Breakout signal (yellow) to appear. This puts you on high alert.
Wait for a Continuation signal (green) on the very next candle. This is your entry trigger. Enter a long trade on a bullish continuation or a short trade on a bearish continuation.
Stop-Loss:
For a bullish (long) trade, a common stop-loss placement is just below the low of the continuation candle or, for a more conservative stop, just inside the opening range high.
For a bearish (short) trade, place your stop-loss just above the high of the continuation candle or just inside the opening range low.
Trade Management:
If a Failure signal (red) appears after you've entered, it indicates the breakout has failed. This is a strong signal to exit your trade immediately to protect your capital.
If the trade moves in your favor, you can manage it by taking profits at key levels or using a trailing stop.
Consolidation BoxesConsolidation Boxes — Indicator
Overview :
This indicator automatically detects and highlights periods of market consolidation, drawing shaded boxes around tight price ranges where the market is temporarily indecisive. It’s designed to help traders easily identify when price is moving sideways — a key phase that often precedes a breakout.
Key Features :
-Automatic Consolidation Detection: Recognizes when a series of candles close within a defined range and marks the area as a consolidation zone.
-Customizable Parameters: Set how many candles must consolidate before a box is drawn.
-Breakout Alerts: Notifies you when price breaks out above or below a consolidation box — a potential signal for trade entries.
-Clean Chart Management: Optional setting to automatically remove old zones when new consolidations form.
-Dynamic Box Extension: As long as price stays within the box, the zone will continue to extend until a breakout occurs.
Inputs :
- Minimum Consolidation Candles : Define how many candles must fit within a range to confirm a consolidation zone.
- Terminate Old Zones : Automatically delete the previous zone when a new one is formed (optional).
How to use :
1. Add the Indicator: Apply it to any chart — works across all timeframes and markets (e.g., crypto, stocks, forex).
2. Adjust Parameters: Choose how many candles must consolidate to form a valid box. Enable or disable zone termination to fit your preference.
3. Watch the Boxes: The indicator draws a shaded box once it detects a valid consolidation zone. The box will continue to extend as long as price stays within the range.
4. Look for Breakouts: When price breaks above or below the box, a breakout is confirmed and an alert (if enabled) will trigger — great for breakout trading strategies.
5. Use in Strategy: Combine with volume, momentum indicators, or price action to validate breakouts and filter false signals.
Ideal For :
Traders who want to visually identify consolidation areas and trade breakout setups with minimal manual analysis. Especially useful for scalpers, day traders, and swing traders looking to anticipate volatility after quiet periods.
Smart Trend Lines [The_lurker]
Smart Trend Lines
A multi-level trend classifier that detects bullish and bearish conditions using a methodology based on drawing trend lines—main, intermediate, and short-term—by identifying peaks and troughs. The tool highlights trend strength by applying filters such as the Average Directional Index (ADX) (A), Relative Strength Index (RSI) (R), and Volume (V), making it easier to interpret trend strength. The filter markers (V, A, R) in the Smart Trend Lines indicator are powerful tools for assessing the reliability of breakouts. Breakouts containing are the most reliable, as they indicate strong volume support, trend strength, and favorable momentum. Breakouts with partial filters (such as or ) require additional confirmation, while breakouts without filters ( ) should be avoided unless supported by other strong signals. By understanding the meaning of each filter and the market context.
Core Functionality
1. Trend Line Types
The indicator generates three distinct trend line categories, each serving a specific analytical purpose:
Main Trend Lines: These are long-term trend lines designed to capture significant market trends. They are calculated based on pivot points over a user-defined period (default: 50 bars). Main trend lines are ideal for identifying macro-level support and resistance zones.
Mid Trend Lines: These are medium-term trend lines (default: 21 bars) that focus on intermediate price movements. They provide a balance between short-term fluctuations and long-term trends, suitable for swing trading strategies.
Short Trend Lines: These are short-term trend lines (default: 9 bars) that track rapid price changes. They are particularly useful for scalping or day trading, highlighting immediate support and resistance levels.
Each trend line type can be independently enabled or disabled, allowing traders to tailor the indicator to their preferred timeframes.
2. Breakout Detection
The indicator employs a robust breakout detection system that identifies when the price crosses a trend line, signaling a potential trend reversal or continuation. Breakouts are validated using the following filters:
ADX Filter: The Average Directional Index (ADX) measures trend strength. A user-defined threshold (default: 20) ensures that breakouts occur during strong trends, reducing false signals in range-bound markets.
RSI Filter: The Relative Strength Index (RSI) identifies overbought or oversold conditions. Breakouts are filtered based on RSI thresholds (default: 65 for overbought, 35 for oversold) to avoid signals in extreme market conditions.
Volume Filter: Breakouts are confirmed only when trading volume exceeds a moving average (default: 20 bars) and aligns with the breakout direction (e.g., higher volume on bullish breakouts when the candle closes higher).
Breakout events are marked with labels on the chart, indicating the type of trend line broken (Main, Mid, or Short) and the filters satisfied (Volume, ADX, RSI). Alerts are triggered for each breakout, providing real-time notifications.
3. Customization Options
The indicator offers extensive customization through input settings, organized into logical groups for ease of use:
Main Trend Line Settings
Length: Defines the number of bars used to calculate pivot points (default: 50).
Bullish Color: Color for upward-sloping (bullish) main trend lines (default: green).
Bearish Color: Color for downward-sloping (bearish) main trend lines (default: red).
Style: Line style options include solid, dashed, or dotted (default: solid).
Mid Trend Line Settings
Length: Number of bars for mid-term pivot points (default: 21).
Show/Hide: Toggle visibility of mid trend lines (default: enabled).
Bullish Color: Color for bullish mid trend lines (default: lime).
Bearish Color: Color for bearish mid trend lines (default: maroon).
Style: Line style (default: dashed).
Short Trend Line Settings
Length: Number of bars for short-term pivot points (default: 9).
Show/Hide: Toggle visibility of short trend lines (default: enabled).
Bullish Color: Color for bullish short trend lines (default: teal).
Bearish Color: Color for bearish short trend lines (default: purple).
Style: Line style (default: dotted).
General Display Settings
Break Check Price: Selects the price type for breakout detection (Close, High, or Low; default: Close).
Show Previous Trendlines: Option to display historical main trend lines (default: disabled).
Label Size: Size of breakout labels (Tiny, Small, Normal, Large, Huge; default: Small).
Filter Settings
ADX Threshold: Minimum ADX value for trend strength confirmation (default: 25).
Volume MA Period: Period for the volume moving average (default: 20).
RSI Filter: Enable/disable RSI filtering (default: enabled).
RSI Upper Threshold: Upper RSI limit for overbought conditions (default: 65).
RSI Lower Threshold: Lower RSI limit for oversold conditions (default: 35).
4. Technical Calculations
The indicator relies on several technical calculations to ensure accuracy:
Pivot Points: Pivot highs and lows are detected using the ta.pivothigh and ta.pivotlow functions, with separate lengths for Main, Mid, and Short trend lines.
Slope Calculation: The slope of each trend line is calculated as the change in price divided by the change in bar index between two pivot points.
ADX Calculation: ADX is computed using a 14-period Directional Movement Index (DMI), with smoothing over 14 bars.
RSI Calculation: RSI is calculated over a 14-period lookback using the ta.rsi function.
Volume Moving Average: A simple moving average (SMA) of volume is used to determine if current volume exceeds the average.
5. Strict Mode Validation
To ensure the reliability of trend lines, the indicator employs a strict mode check:
For bearish trend lines, all prices between pivot points must remain below the projected trend line.
For bullish trend lines, all prices must remain above the projected trend line.
Post-pivot break checks ensure that no breakouts occur between pivot points, enhancing the validity of the trend line.
6. Trend Line Extension
Trend lines are dynamically extended forward until a breakout occurs. The extension logic:
Projects the trend line using the calculated slope.
Continuously validates the extension using strict mode checks.
Stops extension upon a breakout, fixing the trend line at the breakout point.
7. Alerts and Labels
Labels: Breakout labels are placed above (for bearish breakouts) or below (for bullish breakouts) the price bar. Labels include:
A prefix indicating the trend line type (B for Main, M for Mid, S for Short).
A suffix showing satisfied filters (e.g., for Volume, ADX, and RSI).
Alerts: Each breakout triggers a one-time alert per bar close, with a descriptive message indicating the trend line type and filters met.
Detailed Code Breakdown
1. Initialization and Inputs
The script begins by defining the indicator with indicator('Smart Trend Lines ', overlay = true), ensuring it overlays on the price chart. Input settings are grouped into categories (Main, Mid, Short, General Display, Filters) for user convenience. Each input includes a tooltip in both English and Arabic, enhancing accessibility.
2. Technical Indicator Calculations
Volume MA: Calculated using ta.sma(volume, volPeriod) to compare current volume against the average.
ADX: Computed using custom dirmov and adx functions, which calculate the Directional Movement Index and smooth it over 14 periods.
RSI: Calculated with ta.rsi(close, rsiPeriod) over 14 periods.
Price Selection: The priceToCheck function selects the price type (Close, High, or Low) for breakout detection.
3. Pivot Detection
Pivot points are detected using ta.pivothigh and ta.pivotlow for each trend line type. The lookback period is set to the respective trend line length (e.g., 50 for Main, 21 for Mid, 9 for Short).
4. Trend Line Logic
For each trend line type (Main, Mid, Short):
Bearish Trend Lines: Identified when two consecutive pivot highs form a downward slope. The script validates the trend line using strict mode and post-pivot break checks.
Bullish Trend Lines: Identified when two consecutive pivot lows form an upward slope, with similar validation.
Trend lines are drawn using line.new, with separate lines for the initial segment (between pivots) and the extended segment (from the second pivot forward).
5. Breakout Detection and Labeling
Breakouts are detected when the selected price crosses the trend line level. The script checks:
Volume conditions (above average and aligned with candle direction).
ADX condition (above threshold).
RSI condition (within thresholds if enabled). Labels are created with label.new, and alerts are triggered with alert.
6. Trend Line Extension
The extendTrendline function dynamically updates the trend line’s endpoint unless a breakout occurs. It uses strict mode checks to ensure the trend line remains valid.
7. Previous Trend Lines
If enabled, previous main trend lines are stored in arrays (previousBearishStartLines, previousBullishTrendLines, etc.) and displayed on the chart, providing historical context.
Disclaimer:
The information and publications are not intended to be, nor do they constitute, financial, investment, trading, or other types of advice or recommendations provided or endorsed by TradingView.
Multiple (12) Strong Buy/Sell Signals + Momentum
Indicator Manual: "Multiple (12) Strong Buy/Sell Signals + Momentum"
This indicator is designed to identify strong buy and sell signals based on 12 configurable conditions, which include a variety of technical analysis methods such as trend-following indicators, pattern recognition, volume analysis, and momentum oscillators. It allows for customizable alerts and visual cues on the chart. The indicator helps traders spot potential entry and exit points by displaying buy and sell signals based on the selected conditions.
Key Observations:
• The script integrates multiple indicators and pattern recognition methods to provide comprehensive buy/sell signals.
• Trend-based indicators like EMAs and MACD are combined with pattern recognition (flags, triangles) and momentum-based signals (RSI, ADX, and volume analysis).
• User customization is a core feature, allowing adjustments to the conditions and thresholds for more tailored signals.
• The script is designed to be responsive to market conditions, with multiple conditions filtering out noise to generate reliable signals.
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Key Features:
1. 12 Combined Buy/Sell Signal Conditions: This indicator incorporates a diverse set of conditions based on trend analysis, momentum, and price patterns.
2. Minimum Conditions Input: You can adjust the threshold of conditions that need to be met for the buy/sell signals to appear.
3. Alert Customization: Set alert thresholds for both buy and sell signals.
4. Dynamic Visualization: Buy and sell signals are shown as triangles on the chart, with momentum signals highlighted as circles.
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Detailed Description of the 12 Conditions:
1. Exponential Moving Averages (EMA):
o Conditions: The indicator uses EMAs with periods 3, 8, and 13 for quick trend-following signals.
o Bullish Signal: EMA3 > EMA8 > EMA13 (Bullish stack).
o Bearish Signal: EMA3 < EMA8 < EMA13 (Bearish stack).
o Reversal Signal: The crossing over or under of these EMAs can signify trend reversals.
2. MACD (Moving Average Convergence Divergence):
o Fast MACD (2, 7, 3) is used to confirm trends quickly.
o Bullish Signal: When the MACD line crosses above the signal line.
o Bearish Signal: When the MACD line crosses below the signal line.
3. Donchian Channel:
o Tracks the highest high and lowest low over a given period (default 20).
o Breakout Signal: Price breaking above the upper band is bullish; breaking below the lower band is bearish.
4. VWAP (Volume-Weighted Average Price):
o Above VWAP: Bullish condition (price above VWAP).
o Below VWAP: Bearish condition (price below VWAP).
5. EMA Stacking & Reversal:
o Tracks the order of EMAs (3, 8, 13) to confirm strong trends and reversals.
o Bullish Reversal: EMA3 < EMA8 < EMA13 followed by a crossing to bullish.
o Bearish Reversal: EMA3 > EMA8 > EMA13 followed by a crossing to bearish.
6. Bull/Bear Flags:
o Bull Flag: Characterized by a strong price movement (flagpole) followed by a pullback and breakout.
o Bear Flag: Similar to Bull Flag but in the opposite direction.
7. Triangle Patterns (Ascending and Descending):
o Detects ascending and descending triangles using pivot highs and lows.
o Ascending Triangle: Higher lows and flat resistance.
o Descending Triangle: Lower highs and flat support.
8. Volume Sensitivity:
o Identifies price moves with significant volume increases.
o High Volume: When current volume is significantly above the moving average volume (set to 1.2x of the average).
9. Momentum Indicators:
o RSI (Relative Strength Index): Confirms overbought and oversold levels with thresholds set at 65 (overbought) and 35 (oversold).
o ADX (Average Directional Index): Confirms strong trends when ADX > 28.
o Momentum Up: Momentum is upward with strong volume and bullish RSI/ADX conditions.
o Momentum Down: Momentum is downward with strong volume and bearish RSI/ADX conditions.
10. Bollinger & Keltner Squeeze:
o Squeeze Condition: A contraction in both Bollinger Bands and Keltner Channels indicates low volatility, signaling a potential breakout.
o Squeeze Breakout: Price breaking above or below the squeeze bands.
11. 3 Consecutive Candles Condition:
o Bullish: Price rises for three consecutive candles with higher highs and lows.
o Bearish: Price falls for three consecutive candles with lower highs and lows.
12. Williams %R and Stochastic RSI:
o Williams %R: A momentum oscillator with signals when the line crosses certain levels.
o Stochastic RSI: Provides overbought/oversold levels with smoother signals.
o Combined Signals: You can choose whether to require both WPR and StochRSI to signal a buy/sell.
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User Inputs (Inputs Tab):
1. Minimum Conditions for Buy/Sell:
o min_conditions: Number of conditions required to trigger a buy/sell signal on the chart (1 to 12).
o Alert_min_conditions: User-defined alert threshold (how many conditions must be met before an alert is triggered).
2. Donchian Channel Settings:
o Show Donchian: Toggle visibility of the Donchian channel.
o Donchian Length: The length of the Donchian Channel (default 20).
3. Bull/Bear Flag Settings:
o Bull Flag Flagpole Strength: ATR multiplier to define the strength of the flagpole.
o Bull Flag Pullback Length: Length of pullback for the bull flag pattern.
o Bull Flag EMA Length: EMA length used to confirm trend during bull flag pattern.
Similar settings exist for Bear Flag patterns.
4. Momentum Indicators:
o RSI Length: Period for calculating the RSI (default 9).
o RSI Overbought: Overbought threshold for the RSI (default 65).
o RSI Oversold: Oversold threshold for the RSI (default 35).
5. Bollinger/Keltner Squeeze Settings:
o Squeeze Width Threshold: The maximum width of the Bollinger and Keltner Bands for squeeze conditions.
6. Stochastic RSI Settings:
o Stochastic RSI Length: The period for calculating the Stochastic RSI.
7. WPR Settings:
o WPR Length: Period for calculating Williams %R (default 14).
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User Inputs (Style Tab):
1. Signal Plotting:
o Control the display and colors of the buy/sell signals, momentum indicators, and pattern signals on the chart.
o Buy/Sell Signals: Can be customized with different colors and shapes (triangle up for buys, triangle down for sells).
o Momentum Signals: Custom circle placement for momentum-up or momentum-down signals.
2. Donchian Channel:
o Show Donchian: Toggle visibility of the Donchian upper, lower, and middle bands.
o Band Colors: Choose the color for each band (upper, lower, middle).
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How to Use the Indicator:
1. Adjust Minimum Conditions: Set the minimum number of conditions that must be met for a signal to appear. For example, set it to 5 if you want only stronger signals.
2. Set Alert Threshold: Define the number of conditions needed to trigger an alert. This can be different from the minimum conditions for visual signals.
3. Customize Appearance: Modify the colors and styles of the signals to match your preferences.
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Conclusion:
This comprehensive trading indicator uses a combination of trend-following, pattern recognition, and momentum-based conditions to help you spot potential buy and sell opportunities. By adjusting the input settings, you can fine-tune it to match your specific trading strategy, making it a versatile tool for different market conditions.
Signal Reliability Based on Condition Count
The reliability of the buy/sell signals increases as more conditions are met. Here's a breakdown of the probabilities:
1. 1-3 Conditions Met: Lower Probability
o Signals that meet only 1-3 conditions tend to have lower reliability and are considered less probable. These signals may represent false positives or weaker market movements, and traders should approach them with caution.
2. 4 Conditions Met: More Reliable Signal
o When 4 conditions are met, the signal becomes more reliable. This indicates that multiple indicators or market patterns are aligning, increasing the likelihood of a valid buy/sell opportunity. While not foolproof, it's a stronger indication that the market may be moving in a particular direction.
3. 5-6 Conditions Met: Strong Signal
o A signal meeting 5-6 conditions is considered a strong signal. This indicates a well-confirmed move, with several technical indicators and market factors aligning to suggest a higher probability of success. These are the signals that traders often prioritize.
4. 7+ Conditions Met: Rare and High-Confidence Signal
o Signals that meet 7 or more conditions are rare and should be considered high-confidence signals. These represent a significant alignment of multiple factors, and while they are less frequent, they are highly reliable when they do occur. Traders can be more confident in acting on these signals, but they should still monitor market conditions for confirmation.
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You can adjust the number of conditions as needed, but this breakdown should give a clear structure on how the signal strength correlates with the number of conditions met!
Key Levels (4H and Daily)Key Levels (4H and Daily)
This indicator highlights important key price levels derived from the 4-hour (4H) and daily (D) timeframes, providing traders with critical support and resistance areas. The levels are calculated using the highest highs and lowest lows over a customizable lookback period, offering a dynamic view of significant price points that could influence market movement.
Key Features:
Key Levels for 4H and Daily Timeframes:
The indicator calculates and displays the highest high and lowest low over a user-defined period for both the 4-hour and daily timeframes. This helps traders identify key support and resistance levels that could dictate the market's behavior.
Customizable Lookback Period:
Traders can adjust the lookback period (in days) for both the 4-hour and daily timeframes to reflect different market conditions. This flexibility ensures the levels are tailored to your preferred trading style and market conditions.
Horizontal Lines:
The indicator plots horizontal lines at the high and low levels for both timeframes. These levels serve as dynamic support and resistance areas and help traders monitor price action near these critical points.
Real-Time Updates:
The lines adjust automatically with each new bar, providing up-to-date key levels based on the most recent price action and trading session.
Alert Conditions:
Alerts are built-in to notify traders when the price breaks above or below these key levels. Traders can set up notifications to stay informed when significant market moves occur.
How to Use:
Support and Resistance: Use the levels as potential support and resistance areas where price could reverse. Price often reacts at these levels, providing potential trading opportunities.
Breakouts: Pay attention to breakouts above the high or below the low of these levels. A break above the 4H or daily high could indicate bullish momentum, while a break below could signal bearish trends.
Trend Confirmation: Combine these levels with other technical analysis tools to confirm the overall market trend and enhance your trading strategy.
Perfect for:
Day Traders: Use the 4-hour levels for intraday trading setups, such as potential reversals or breakouts.
Swing Traders: The daily levels provide longer-term insights, helping to identify key zones where price might pause, reverse, or break out.
Market Context: Ideal for those who want to contextualize their trades within broader timeframes, helping to understand the market’s structure at multiple time scales.
This description conveys the utility and functionality of the indicator, focusing on how it helps traders identify and monitor key levels that influence market action.
Money Flow Pulse💸 In markets where volatility is cheap and structure is noisy, what matters most isn’t just the move — it’s the effort behind it. Money Flow Pulse (MFP) offers a compact, color-coded readout of real-time conviction by scoring volume-weighted price action on a five-tier scale. It doesn’t try to predict reversals or validate trends. Instead, it reveals the quality of the move in progress: is it fading , driving , exhausting , or hollow ?
🎨 MFP draws from the traditional Money Flow Index (MFI), a volume-enhanced momentum oscillator, but transforms it into a modular “pressure readout” that fits seamlessly into any structural overlay. Rather than oscillating between extremes with little interpretive guidance, MFP discretizes the flow into clean, color-coded regimes ranging from strong inflow (+2) to strong outflow (–2). The result is a responsive diagnostic layer that complements, rather than competes with, tools like ATR and/or On-Balance Volume.
5️⃣ MFP uses a normalized MFI value smoothed over 13 periods and classified into a 5-tier readout of Volume-Driven Conviction :
🍆 Exhaustion Inflow — usually a top or blowoff; not strength, but overdrive (+2)
🥝 Active Inflow — supportive of trend continuation (+1)
🍋 Neutral — chop, coil, or fakeouts (0)
🍑 Selling Intent — weakening structure, possible fade setups (-1)
🍆 Exhaustion Outflow — often signals forced selling or accumulation traps (-2)
🎭 These tiers are not arbitrary. Each one is tuned to reflect real capital behavior across timeframes. For instance, while +1 may support continuation, +2 often precedes exhaustion — especially on the lower timeframes. Similarly, a –1 reading during a pullback suggests sell-side pressure is building, but a shift to –2 may mean capitulation is already underway. The difference between the two can define whether a move is tradable continuation or strategic exhaustion .
🌊 The MFI ROC (Rate of Change) feature can be toggled to become a volatility-aware pulse monitor beneath the derived MFI tier. Instead of scoring direction or structure, ROC reveals how fast conviction is changing — not just where it’s headed, but how hard it's accelerating or decaying. It measures the raw Δ between the current and previous MFI values, exposing bursts of energy, fading pressure, or transitional churn .
🎢 Visually, ROC appears as a low-opacity area fill, anchored to a shared lemon-yellow zero line. When the green swell rises, buying pressure is accelerating; when the red drops, flow is actively deteriorating. A subtle bump may signal early interest — while a steep wave hints at an emotional overreaction. The ROC value itself provides numeric insight alongside the raw MFI score. A reading of +3.50 implies strong upside momentum in the flow — often supporting trend ignition. A score of –6.00 suggests rapid deceleration or full exhaustion — often preceding reversals or failed breakouts.
・ MFI shows you where the flow is
・ ROC tells you how it’s behaving
😎 This blend reveals not just structure or intent — but also urgency . And in flow-based trading, urgency often precedes outcome.
🧩 Divergence isn’t delay — it’s disagreement . One of the most revealing features of MFP is how it exposes momentum dissonance — situations where price and flow part ways. These divergences often front-run pivots , traps , or velocity stalls . Unlike RSI-style divergence, which whispers of exhaustion, MFI divergence signals a breakdown in conviction. The structure may extend — but the effort isn’t there.
・ Price ▲ MFI ▼ → Effortless Markup : Often signals distribution or a grind into liquidity. Without rising MFI, the rally lacks true flow participation — a warning of fragility.
・ Price ▼ MFI ▲ → Absorption or Early Accumulation : Price breaks down, but money keeps flowing in — a hidden bid. Watch for MFI tier shifts or ROC bursts to confirm a reversal.
🏄♂️ These moments don’t require signal overlays or setup hunting. MFP narrates the imbalance. When price breaks structure but flow does not — or vice versa — you’re not seeing trend, you’re seeing disagreement, and that's where edge begins.
💤 MFP is especially effective on intraday charts where volume dislocations matter most. On the 1H or 15m chart, it helps distinguish between breakouts with conviction versus those lacking flow. On higher timeframes, its resolution softens — it becomes more of a drift indicator than a trigger device. That’s by design: MFP prioritizes pulse, not position. It’s not the fire, it’s the heat.
📎 Use MFP in confluence with structural overlays to validate price behavior. A ribbon expansion with rising MFP is real. A compression breakout without +1 flow is "fishy". Watch how MFP behaves near key zones like anchored VWAP, MAs or accumulation pivots. When MFP rises into a +2 and fails to sustain, the reversal isn’t just technical — it’s flow-based.
🪟 MFP doesn’t speak loudly, but it never whispers without reason. It’s the pulse check before action — the breath of the move before the breakout. While it stays visually minimal on the chart, the true power is in the often overlooked Data Window, where traders can read and interpret the score in real time. Once internalized, these values give structure-aware traders a framework for conviction, continuation, or caution.
🛜 MFP doesn’t chase momentum — it confirms conviction. And in markets defined by noise, that signal isn’t just helpful — it’s foundational.
PowerZone Trading StrategyExplanation of the PowerZone Trading Strategy for Your Users
The PowerZone Trading Strategy is an automated trading strategy that detects strong price movements (called "PowerZones") and generates signals to enter a long (buy) or short (sell) position, complete with predefined take profit and stop loss levels. Here’s how it works, step by step:
1. What is a PowerZone?
A "PowerZone" (PZ) is a zone on the chart where the price has shown a significant and consistent movement over a specific number of candles (bars). There are two types:
Bullish PowerZone (Bullish PZ): Occurs when the price rises consistently over several candles after an initial bearish candle.
Bearish PowerZone (Bearish PZ): Occurs when the price falls consistently over several candles after an initial bullish candle.
The code analyzes:
A set number of candles (e.g., 5, adjustable via "Periods").
A minimum percentage move (adjustable via "Min % Move for PowerZone") to qualify as a strong zone.
Whether to use the full candle range (highs and lows) or just open/close prices (toggle with "Use Full Range ").
2. How Does It Detect PowerZones?
Bullish PowerZone:
Looks for an initial bearish candle (close below open).
Checks that the next candles (e.g., 5) are all bullish (close above open).
Ensures the total price movement exceeds the minimum percentage set.
Defines a range: from the high (or open) to the low of the initial candle.
Bearish PowerZone:
Looks for an initial bullish candle (close above open).
Checks that the next candles are all bearish (close below open).
Ensures the total price movement exceeds the minimum percentage.
Defines a range: from the high to the low (or close) of the initial candle.
These zones are drawn on the chart with lines: green or white for bullish, red or blue for bearish, depending on the color scheme ("DARK" or "BRIGHT").
3. When Does It Enter a Trade?
The strategy waits for a breakout from the PowerZone range to enter a trade:
Buy (Long): When the price breaks above the high of a Bullish PowerZone.
Sell (Short): When the price breaks below the low of a Bearish PowerZone.
The position size is set to 100% of available equity (adjustable in the code).
4. Take Profit and Stop Loss
Take Profit (TP): Calculated as a multiple (adjustable via "Take Profit Factor," default 1.5) of the PowerZone height. For example:
For a buy, TP = Entry price + (PZ height × 1.5).
For a sell, TP = Entry price - (PZ height × 1.5).
Stop Loss (SL): Calculated as a multiple (adjustable via "Stop Loss Factor," default 1.0) of the PZ height, placed below the range for buys or above for sells.
5. Visualization on the Chart
PowerZones are displayed with lines on the chart (you can hide them with "Show Bullish Channel" or "Show Bearish Channel").
An optional info panel ("Show Info Panel") displays key levels: PZ high and low, TP, and SL.
You can also enable brief documentation on the chart ("Show Documentation") explaining the basic rules.
6. Alerts
The code generates automatic alerts in TradingView:
For a bullish breakout: "Bullish PowerZone Breakout - LONG!"
For a bearish breakdown: "Bearish PowerZone Breakdown - SHORT!"
7. Customization
You can tweak:
The number of candles to detect a PZ ("Periods").
The minimum percentage move ("Min % Move").
Whether to use highs/lows or just open/close ("Use Full Range").
The TP and SL factors.
The color scheme and what elements to display on the chart.
Practical Example
Imagine you set "Periods = 5" and "Min % Move = 2%":
An initial bearish candle appears, followed by 5 consecutive bullish candles.
The total move exceeds 2%.
A Bullish PowerZone is drawn with a high and low.
If the price breaks above the high, you enter a long position with a TP 1.5 times the PZ height and an SL equal to the height below.
The system executes the trade and exits automatically at TP or SL.
Conclusion
This strategy is great for capturing strong price movements after consolidation or momentum zones. It’s automated, visual, and customizable, making it useful for both beginner and advanced traders. Try it out and adjust it to fit your trading style!
Wyckoff Range Detector [Beta] + Smart Money ElementsThis indicator detects the key phases of the Wyckoff market structure and integrates smart money elements, such as Order Blocks (OB), Fair Value Gaps (FVG), and Breaker Blocks. It also helps identify potential reversal zones (LPS, UTAD, Spring), breakout opportunities, and provides automatic Risk-Reward (R:R) calculations.
Key Features:
Wyckoff Phases Detection:
Automatically detects key phases of Wyckoff's market structure:
B (Range) – The initial range of accumulation.
C (Spring Phase) – Accumulation phase with a potential breakout.
C (UTAD Phase) – Upthrust After Distribution, indicating a potential reversal.
D (LPS Phase) – Last Point of Support, signaling accumulation before a breakout.
E (Breakout) – Phase marking breakout from range.
Re-Accumulation – Possible continuation in the range after a breakout.
Re-Distribution – Possible breakdown of a distribution phase.
Smart Money Elements:
Order Blocks (OB): Identifies Bullish and Bearish OBs to anticipate market entries.
Fair Value Gap (FVG): Highlights imbalance areas where price is likely to return.
Breaker Blocks: Marks areas where the price has previously broken a structure, indicating strong supply/demand zones.
Automatic Risk-Reward Calculation:
Smart RR: Automatically calculates Risk-Reward (R:R) ratios from LPS phases and Order Blocks. It draws lines to indicate target and stop levels with green for the target and red for the stop.
Visual representation of the entry signal with target and stop levels displayed.
Alerts:
Set alerts for phase changes, breakout, re-accumulation, or re-distribution to stay updated on the market’s movements.
Visual Tools:
Labels are used to indicate key zones such as AR, SC, LPS, and Spring Zones.
Draw boxes for the Spring and LPS phases to highlight areas where price action is likely to reverse.
Lines to represent potential breakouts, with customizable risk-reward indicators.
How to Use:
Apply the Indicator on any chart.
Identify Wyckoff phases to understand market trends.
Monitor Smart Money Elements (OB, FVG, Breaker) for entry and exit points.
Use automatic Risk-Reward levels for managing trades.
Set alerts for various Wyckoff phases and smart money signals to stay updated.
Dynamic Support and Resistance ### Indicator: Dynamic Support and Resistance
#### Overview:
The *Dynamic Support and Resistance* indicator is a powerful tool designed to help traders identify key price levels on a chart. It dynamically calculates support and resistance levels based on pivot points and the Average True Range (ATR). The indicator also highlights broken support and resistance zones, providing visual cues for potential trend reversals or continuations.
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### Key Features:
1. *Dynamic Support and Resistance Levels*:
- The indicator identifies support and resistance levels using pivot highs and lows within a user-defined range.
- These levels are adjusted using the ATR to account for market volatility, making them more responsive to changing market conditions.
2. *Support and Resistance Zones*:
- The indicator draws boxes around the support and resistance levels, with customizable colors and widths.
- The width of the zones is determined by the ATR and a user-defined multiplier, allowing traders to adjust the sensitivity of the zones.
3. *Broken Zones*:
- When price breaks through a support or resistance zone, the zone is highlighted with a distinct color to indicate a potential shift in market sentiment.
- Traders can limit the number of broken zones displayed on the chart to avoid clutter.
4. *Customizable Inputs*:
- *Range Candle Count*: Defines the number of candles analyzed to determine pivot points. Increasing this value will result in fewer but more significant levels, while decreasing it will produce more levels that are sensitive to shorter-term price movements.
- *ATR Period*: Controls the sensitivity of the ATR calculation. A shorter period makes the ATR more responsive to recent price changes, while a longer period smooths it out.
- *Box Width Multiplier*: Adjusts the width of the support and resistance zones. A higher multiplier creates wider zones, which may be useful in more volatile markets.
- *Max Broken Zones*: Limits the number of broken zones displayed on the chart. This helps keep the chart clean and focused on the most recent breaks.
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### How It Works:
1. *Pivot Points*:
- The indicator identifies pivot highs and lows within the specified range. These pivots serve as the basis for calculating support and resistance levels.
2. *ATR Adjustment*:
- The ATR is used to adjust the support and resistance levels, making them more dynamic and responsive to market volatility.
3. *Zone Creation*:
- Support and resistance zones are drawn as boxes around the pivot levels. The width of these zones is determined by the ATR and the box width multiplier.
4. *Zone Breaks*:
- When price breaks through a zone, the zone is highlighted with a distinct color, and the broken zone is added to an array. If the number of broken zones exceeds the user-defined limit, the oldest broken zone is removed from the chart.
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### How to Use:
1. *Trend Identification*:
- Use the support and resistance levels to identify key price levels where the market may reverse or consolidate.
- Broken zones can signal potential trend reversals or continuations.
2. *Entry and Exit Points*:
- Traders can use the support and resistance zones as potential entry or exit points. For example, buying near support or selling near resistance.
- Broken zones can be used as confirmation for breakout strategies.
3. *Risk Management*:
- The width of the zones can help traders set stop-loss levels. For example, placing a stop-loss just outside a support or resistance zone.
4. *Customization*:
- Adjust the input parameters to suit your trading style and the specific market conditions. For example, increase the range candle count for longer-term analysis or decrease it for shorter-term trading.
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### Who Should Use This Indicator?
- *Swing Traders*: Can use the indicator to identify key levels for potential reversals or breakouts.
- *Day Traders*: Can benefit from the dynamic levels and zones, especially in volatile markets.
- *Position Traders*: Can use the indicator to identify long-term support and resistance levels.
- *Breakout Traders*: Can use the broken zones to confirm breakouts and plan their trades accordingly.
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### Input Parameters and Their Effects:
1. *Range Candle Count*:
- *Increase*: Produces fewer but more significant levels, suitable for longer-term analysis.
- *Decrease*: Produces more levels, sensitive to shorter-term price movements.
2. *ATR Period*:
- *Increase*: Smoothens the ATR, making the levels less sensitive to recent price changes.
- *Decrease*: Makes the ATR more responsive to recent price changes, resulting in more dynamic levels.
3. *Box Width Multiplier*:
- *Increase*: Creates wider zones, suitable for more volatile markets.
- *Decrease*: Creates narrower zones, suitable for less volatile markets.
4. *Max Broken Zones*:
- *Increase*: Displays more broken zones on the chart, providing more historical context.
- *Decrease*: Keeps the chart clean by displaying only the most recent broken zones.
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### Conclusion:
The *Dynamic Support and Resistance* indicator is a versatile tool that can be adapted to various trading styles and market conditions. By dynamically adjusting to market volatility and highlighting key price levels, it provides traders with valuable insights into potential support and resistance areas. Whether you're a swing trader, day trader, or position trader, this indicator can help you make more informed trading decisions.
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### Publishing on TradingView:
- *Title*: Dynamic Support and Resistance
- *Description*: A dynamic support and resistance indicator that uses pivot points and ATR to identify key price levels. Includes customizable support/resistance zones and highlights broken zones for breakout trading.
- *Tags*: support, resistance, ATR, pivot points, breakout, trading, indicator
- *Access*: Public or Invite-only, depending on your preference.
This indicator is ready to be published on TradingView, and the detailed description above will help users understand its functionality and how to use it effectively.
15-Minute ORB by @RhinoTradezOverview
Hey traders, ready to jump on the morning breakout train? The 15-Minute ORB by @RhinoTradez
is your go-to pal for rocking the Opening Range Breakout (ORB) scene, zeroing in on the first 15 minutes of the U.S. market day—9:30 to 9:45 AM Eastern Time. Picture this: sleek orange lines mark the high and low of that opening rush, but they only hang out during regular trading hours (9:30 AM-4:00 PM ET) and reset fresh each day—no old baggage here! Built in Pine Script v6 for that cutting-edge feel, it’s loaded with breakout signals and alerts to keep your trading game strong—ideal for SPY, QQQ, or any ticker you love.
Crafted by @RhinoTradez
to fuel your daily grind—let’s hit those breakouts running!
What It Does
The ORB strategy is all about that early market spark: the 9:30-9:45 AM range sets the battlefield, and breakouts signal the charge. Here’s the rundown:
Captures the Range : Snags the high and low from the 9:30-9:45 AM ET candle—U.S. market kickoff, locked in.
Daily Refresh : Wipes yesterday’s lines at 9:30 AM ET each day—today’s all that matters.
Regular Hours Focus : Orange lines shine from 9:45 AM to 4:00 PM ET, vanishing outside those hours.
Breakout Signals : Green triangles for upside breaks, red for downside, all within regular hours.
Alerts You : Chimes in with “Price broke above 15-min ORB High: 597” (or below the low) when the move hits.
It’s your morning breakout blueprint—simple, focused, and trader-ready.
Functionality Breakdown:
15-Minute ORB Snap:
Locks the high and low of the 9:30-9:45 AM ET candle on a 15-minute chart (EST/EDT auto-adjusted).
Resets daily at 9:30 AM ET—yesterday’s range is outta here.
Regular Hours Only:
Lines glow from 9:45 AM to 4:00 PM ET, keeping pre-market and after-hours clean.
Breakout Flags:
Marks price busting above the ORB high (green triangle below bar) or below the low (red triangle above), only during 9:30 AM-4:00 PM.
Alert Action:
Drops a custom alert with the breakout price (e.g., “Price broke below 15-min ORB Low: 594”)—stay in the know, hands-free.
Customization Options
Keep it chill with one slick tweak:
ORB Line Color : Starts at orange—vibrant and trader-cool! Flip it to blue, purple, or any shade you dig in the settings. Make it yours.
How to Use It
Pop It On: Add it to a 15-minute chart—SPY, QQQ, or your hot pick works like a dream.
Time It Right: Set your chart to “America/New_York” time (Chart Settings > Time Zone) to sync with 9:30 AM ET.
Choose Your Color: Dive into the indicator settings and pick your ORB line color—orange kicks it off, but you’re in charge.
Set Alerts: Right-click the indicator, add an alert with “Any alert() function call,” and catch breakouts live.
Ride the Wave: Green triangle? Upward vibe. Red? Downside alert. Mix with volume or candles for extra punch.
Pro Tips
15-Minute Only : Tailored for that 9:30-9:45 AM ET candle—other timeframes won’t sync up.
Daily Reset : Lines refresh at 9:30 AM ET—always today’s play.
Breakout Boost : High volume or RSI can seal the deal on those triangle signals.
No Clutter : Lines stick to 9:30 AM-4:00 PM ET—your chart stays tidy.
Brought to you by @RhinoTradez
in Pine Script v6, this ORB script’s your morning breakout wingman. Slap it on, pick a color, and let’s chase those moves together! Happy trading!
