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Seismic Market Spike Detector v1.0 Seismic Market Spike Detector v1.0 This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices. This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an insight into the current volatility of the price at that time in the market. Quite often big price swings with in bars are missed as people pend to tunnel vision on the open or close price - or other indicators derived from open / close. The Red line is similar to the blue bar as it depicts extreme price movements with in the bar , but it will show the direction the market moved in by the close of the bar - and relatively how much the market moved. This is helpful for spotting breakout price action or short term spikes. Quite often after a breakout the market will restore itself to an equilibrium in the opposite direction. Sometimes this happens with an opposing aggressive spike , some times it makes a steady return to a known price level. Either way its a great time to place entry orders if you are looking to turn a fast profit or alternatively a good warning of forth coming price volatility. Here are some tips for analysing the red and blue lines : 1)If the red line is pointing upwards , this indicates a sharp rise in the price. 2)If the red line is pointing downwards , this indicates a sharp fall in the price. 3)If the red line is flat but the blue line is spiked in either direction - this indicates the price was volatile with in the bar , but the price closed relatively near to the surrounding price bars. Perhaps a limit / stop triggered by this kind of activity - this is an easy way to determine why and re-enter. 4)If the red and the blue lines are flat - the price is steadily moving with a trend or trading sideways in a confined range.
Penunjuk Pine Script®
oleh MichaelWithersOne
3
Opening Range BreakoutOPENING RANGE BREAKOUT (ORB) INDICATOR DESCRIPTION The Opening Range Breakout indicator is a powerful technical analysis tool designed specifically for US equity markets. It identifies and visualizes the opening range established during the first configurable minutes of each trading day (starting at 9:30 AM EST), then provides clear signals when price breaks out of or rejects from these key levels. This indicator combines multiple timeframe analysis capabilities with precise breakout detection to help traders identify high-probability trading opportunities based on opening range dynamics. KEY FEATURES Configurable Opening Range: • Set opening range duration from 5 minutes to 4 hours • Automatically adjusts calculations based on your chart timeframe • Works on any timeframe (1m, 5m, 15m, 1h, etc.) Multi-Day Range Display: • Shows up to 50 days of historical opening ranges • Each day's range properly contained within its trading session • Range lines extend from market open (9:30 AM) to market close (4:00 PM EST) Clear Signal System: • Green arrows (⬆): Bullish breakouts and rejections • Red arrows (⬇): Bearish breakouts and rejections • Two signal types: Close breakouts (normal size) and wick rejections (small size) Visual Range Highlighting: • Opening range period highlighted with colored box • Customizable colors for range fill, borders, and midline • Clean, professional appearance with configurable line styles SIGNAL TYPES Bullish Signals (Green ⬆): 1. Close Breakout Above Range (Normal Size): 5-minute candle closes above the opening range high 2. Wick Rejection from Below (Small Size): Price wicks below the opening range low but closes back inside the range Bearish Signals (Red ⬇): 1. Close Breakout Below Range (Normal Size): 5-minute candle closes below the opening range low 2. Wick Rejection from Above (Small Size): Price wicks above the opening range high but closes back inside the range CONFIGURATION OPTIONS Range Settings: • Opening Range Minutes: Duration of opening range (default: 30 minutes) • Lookback Days: Number of historical days to display (default: 20 days) Visual Customization: • Range Color: Fill color for the opening range area • Border Color: Color for range high/low lines • Midline Color: Color for the range midpoint line • Opening Range Highlight Color: Color for the opening period box • Line Style: Solid, Dashed, or Dotted lines • Line Width: 1-4 pixel width options Display Options: • Show Midline: Toggle midpoint line display • Show Range Labels: Toggle price level labels • Arrow Distance: Adjust arrow positioning (0.1-2.0%) USAGE GUIDE Basic Setup: 1. Add the indicator to your chart (works best on 5-minute timeframe) 2. Configure your preferred opening range duration (15m, 30m, or 60m are popular choices) 3. Adjust lookback days based on your analysis needs 4. Customize colors and line styles to match your chart theme Trading Applications: Breakout Trading: • Long Entry: Green arrow (close breakout above range) + confirmation • Short Entry: Red arrow (close breakout below range) + confirmation • Stop Loss: Opposite side of the opening range • Target: 1-2x the range size or key support/resistance levels Range Rejection Trading: • Reversal Setups: Small arrows indicate failed breakouts • Mean Reversion: Trade back toward range midline • Support/Resistance: Use range levels as key price zones Multi-Day Analysis: • Identify recurring support/resistance levels • Analyze range expansion/contraction patterns • Compare current day's activity to recent history BEST PRACTICES 1. Timeframe Selection: 5-minute charts provide optimal signal clarity 2. Range Duration: 30-minute opening range is most commonly used, but adjust based on: - Market volatility - Stock characteristics - Trading style preference 3. Confirmation: Use additional indicators or price action for trade confirmation 4. Risk Management: Always use appropriate position sizing and stop losses MARKET SESSIONS The indicator is specifically designed for US equity markets: • Market Open: 9:30 AM EST • Market Close: 4:00 PM EST • Opening Range: Calculated from market open • Range Lines: Extend throughout the trading day only PERFORMANCE NOTES • Optimized for real-time trading with minimal lag • Automatically manages memory by cleaning old ranges • Efficiently handles multiple timeframes and range calculations KNOWN ISSUES & WORKAROUNDS Historical Buffer Error: Issue: Occasionally, you may encounter an error: "The requested historical offset (XXX) is beyond the historical buffer's limit (770)" Workaround: 1. Switch to a different timeframe temporarily 2. Switch back to your original timeframe 3. The indicator will reload and function normally This is a Pine Script limitation related to historical data access and doesn't affect the indicator's core functionality. COMPATIBILITY • Pine Script Version: v6 • Chart Types: All chart types supported • Timeframes: All timeframes (optimized for 1m-1h) • Markets: Designed for US equity markets during regular trading hours TIPS FOR MAXIMUM EFFECTIVENESS 1. Combine with Volume: High volume on breakouts increases reliability 2. Market Context: Consider overall market direction and volatility 3. News Awareness: Be cautious around earnings and major announcements 4. Range Quality: Wider ranges often provide better breakout opportunities 5. Time of Day: Early breakouts (first 1-2 hours) often have higher follow-through This indicator is provided for educational and informational purposes. Always conduct your own analysis and manage risk appropriately.
Penunjuk Pine Script®
oleh vinitpandya
7
Session Breakouts & Trend Indicator# Session Breakouts & Trend Indicator This indicator identifies high-probability trading opportunities by tracking key intraday sessions and their breakouts while aligning them with the overall market trend direction. ## What Makes This Indicator Unique Unlike standard breakout indicators that only identify when price crosses a threshold, this indicator: - Dynamically identifies and tracks important daily sessions (default: AM 09:00-10:00 and PM 15:00-16:00) - Determines trend direction using a triple EMA system (20/50/200) - Shows when breakouts align with the overall trend (higher probability setups) - Provides visual confirmation with session ranges, breakout levels, and background highlighting - Includes a comprehensive information panel showing trend/session alignment ## How It Works The indicator tracks two important daily sessions: 1. **AM Session**: Typically the first hour of trading (default: 09:00-10:00) 2. **PM Session**: Typically the last hour of trading (default: 15:00-16:00) For each session, it: - Marks the high and low range - Establishes breakout levels above/below these ranges - Detects when price breaks beyond these levels - Determines if the breakout aligns with the prevailing trend The trend is calculated using three EMAs (20, 50, 200) for reliable trend identification. ## How To Use 1. Apply the indicator to your chart (works best on 5-minute timeframes) 2. Adjust session times to match your trading schedule if needed 3. Watch for breakouts above session highs (bullish) or below session lows (bearish) 4. Check the information panel to see if the breakout aligns with the trend 5. Enter trades in the direction of trend-aligned breakouts for higher probability setups 6. Set stop losses below the opposite side of the session range ## Settings - **Session Times**: Customize AM and PM session times - **EMA Lengths**: Adjust trend determination sensitivity - **Visualization Options**: Toggle display of sessions, breakouts, and VWAP - **Alert Settings**: Configure alerts for breakouts and trend-aligned conditions This indicator is valuable for day traders and swing traders looking for objective entry points with higher probability of success.
Penunjuk Pine Script®
oleh patrickamp
PumpC Opening Range Breakout (ORB) Stretch RangePumpC ORB Stretch The PumpC ORB Stretch is a volatility-based indicator that helps traders identify potential breakout zones by analyzing how price typically behaves around the open. This tool is inspired by concepts introduced by Toby Crabel in his well-known book “Day Trading with Short-Term Price Patterns and Opening Range Breakout.” Rather than predicting market direction, this indicator highlights areas where price is likely to expand based on recent volatility. It is designed for traders who prefer dynamic, data-driven breakout levels over static support and resistance zones. What Is the "Stretch"? In Toby Crabel’s framework, the Stretch is the average of the smaller of two price moves: The distance from the open to the high of the bar The distance from the open to the low of the bar This smaller value captures the “quiet side” of the candle and reflects recent price compression. Averaged over multiple periods (commonly 10 daily bars), it creates a baseline to assess how far price may move away from the open under typical market conditions. How the Indicator Works The PumpC ORB Stretch follows this process: Uses a higher timeframe (such as daily) to calculate the open, high, and low. For each bar, measures the smaller of the two distances: open to high or open to low. Applies a moving average to the result over a user-defined number of bars (default is 10). Multiplies the average stretch by customizable levels (e.g., 0.382, 1.0, 2.0). Plots breakout levels above and below the open of the selected timeframe. The result is a set of adaptive levels that expand or contract with market volatility. Customization Options Stretch Timeframe: Choose the timeframe used for stretch calculation (default: Daily). Stretch Length: Set the number of bars to include in the moving average. Breakout Levels: Enable or disable individual levels and define multipliers. Color Settings: Customize colors for each range level for easy visual distinction. Plot Style: Circular markers are used to reduce chart clutter and improve readability. How to Use It Use plotted levels to anticipate possible breakouts from the open. Adjust stretch length to reflect short-term or longer-term volatility trends. Combine this tool with momentum indicators, volume, or price action for confirmation. Use levels to help guide stop placement or profit targets in breakout strategies. Important Notes This script is based on an interpretation of Crabel’s concepts and is not affiliated with Crabel Capital or the original author. The indicator does not predict direction; it is a tool for context and structure. It is recommended that users test and validate this tool in a simulated environment before applying it to live trading. This indicator is intended for educational purposes only. Licensing and Attribution This script is built entirely in Pine Script v5 and follows TradingView’s open-source standards. It does not include any third-party or proprietary code. If you modify or share it, please credit the original idea and follow all TradingView script publishing rules.
Penunjuk Pine Script®
oleh PumpCTrader
1
SSL Channel MTFSSL Channel with MTF support, This eliminates the noise of a basic SSL Channel script which is based on ErwinBeckers SSL Channel. So i have used a Multi Time Frame approach to have a clear confirmation of trend and reduce Noise and False signals unlike basic SSL Channel. This script can be used to determine. Support/Resistance High/Low Breakout Trend Direction MA candles for Entry The high and low sma are plotted as SSL CHANNEL when ever the high and low sma cross each other a direction change is observed. The direction of SSL channel determines the trend of the price. The length of the channel can be changed as required a low value has a high noise and direction can be determined with low accuracy. Increasing the length of SSL channel has high accuracy trend confirmation. The MTF SSL Channel uses plot from higher timeframe this helps in using SSL Channel as a Price Action Tool. Price when ever crosses over or below the channel determines a breakout. Price tries to move between the High SMA line and Low SMA Line of the SSL Channel rejection, breakouts can be easily observed on a lower timeframe using SSL Channel Plot from a higher timeframe. I have used 5min/15min chart with MTF SSL from a 1Hr/4Hr and a length of 5 instead of 10. This helps quick direction changes over a period of 1hr to 4hr. Price is trapped within the High SMA and Low SMA lines of SSL Channel. In addition to SSL High Low and average mid line is plotted to additional reference. Buy Sell Signals are plotted based on crossover of SMA High and Low. Candle are Plotted Using a SMA with length of 5. This Candle Plot can be used to make an entry based on direction confirmation of SSL. keep in mind the direction of SSL Plot and the candle must be same. Preferably Entry can made above or below the midline of SSL Channel. The Candle Plot eliminates the Noise of traditional Japanese Candlesticks. Additionally MACD Crossover and MACD Trend line confirmations can be used to confirm a Buy Sell and Entry signals Alerts are also plotted accordingly.
Penunjuk Pine Script®
oleh traderharikrishna
9
ORB with ATR Trailing SL [Bluechip Algos]This is a simple ORB (Opening Range Breakout) Indicator that not only signals breakout directions based on the opening session range but also includes trailing stop levels to manage ongoing trades. Instead of regular fixed Stop loss, we use ATR indicator (ATR based SL) to trail the stop loss that might help in maximizing the profitable trades. This helps especially during the trending days where market moves unidirectionally. About the Indicator Opening Range Identification: The indicator defines an initial session timeframe and captures the highest and lowest prices during this period. Breakout Signals: It signals potential entry points when the price crosses these range boundaries. Trailing Stop Calculation: Customizable trailing stop-loss based on ATR percentage, helping users lock in profits. Features Session Customization: User-defined session for setting the opening range. Entry Signal Customization: Allows configuration for breakouts on either a closing basis or upon touching the level. Automatic Stop-Loss Adjustments: Dynamic trailing stop levels that adapt to both long and short entries. Visual Display: Highlights breakout levels and plots lines representing stop-loss levels. Understanding the Indicator Range Calculation: After defining the session, the high and low of the session are locked. The high serves as the upper breakout boundary, and the low as the lower boundary. Signals (Buy and Sell): The indicator uses crossover conditions: Buy Signal ("B") when price crosses above the ORB high. Sell Signal ("S") when price crosses below the ORB low. Trail Stop Calculation: When a signal is triggered, a trailing stop level is set and updates as the trade progresses: Long positions have a stop-loss based on a percentage below the last closing price. Short positions have a stop-loss based on a percentage above the last closing price. Input Parameters Session Time (ORB Session Time): Start and end times for setting the ORB range. Signal Configuration: Choice between "CLOSE" (signal on close) or "TOUCH" (signal as soon as level is touched). ATR Percentage: Sets the percentage for the trailing stop calculation.
Penunjuk Pine Script®
oleh BlueChip_Algos
Low Volatility Range Breaks [BigBeluga]Low Volatility Range Breaks The Low Volatility Range Breaks indicator is an advanced technical analysis tool designed to identify periods of low volatility and potential breakout opportunities. By visualizing low volatility ranges as ranges and tracking subsequent price movements, this indicator helps traders spot potential high-probability trade setups. 🔵 KEY FEATURES ● Low Volatility Detection Identifies periods of low volatility based on highest and lowest periods and user-defined sensitivity Uses a combination of highest/lowest price calculations and ATR for dynamic adaptation ● Volatility Box Visualization Creates a box to represent the low volatility range Box height is adjustable based on ATR multiplier Includes a mid-line for reference within the box ● Breakout Detection Identifies when price breaks above or below the volatility box Labels breakouts as "Break Up" or "Break Dn" on the chart Changes box appearance to indicate a completed breakout ● Probability Tracking Counts the number of closes above and below the box's mid-line Displays probability counters for potential upward and downward moves Resets counters after a confirmed breakout 🔵 HOW TO USE ● Identifying Low Volatility Periods Watch for the formation of volatility boxes on the chart These boxes represent periods where price movement has been confined ● Anticipating Breakouts Monitor price action as it approaches the edges of the volatility box Use the probability counters to gauge the likely direction of the breakout ● Trading Breakouts Consider posible entering trades when price breaks above or below the volatility box Use the breakout labels ("Break Up" or "Break Dn") as a trading opportunity ● Managing Risk Use the opposite side of the volatility box as a potential invalidation level Consider the box height for position sizing and risk management ● Trend Analysis Multiple upward breakouts may indicate a developing uptrend Multiple downward breakouts may suggest a forming downtrend Use in conjunction with other trend indicators for confirmation 🔵 CUSTOMIZATION The Low Volatility Box Breaks indicator offers several customization options: Adjust the volatility length to change the period for highest/lowest price calculations Modify the volatility level to fine-tune the sensitivity of low volatility detection Adjust the box height multiplier to change the size of volatility boxes By fine-tuning these settings, traders can adapt the indicator to various market conditions and personal trading strategies. The Low Volatility Range Breaks indicator provides a unique approach to identifying potential breakout opportunities following periods of consolidation. By visually representing low volatility periods and tracking subsequent price movements, it offers traders a powerful tool for spotting high-probability trade setups. This indicator can be particularly useful for traders focusing on breakout strategies, mean reversion tactics, or those looking to enter trades at the beginning of new trends. The combination of visual cues (boxes and breakout labels) and quantitative data (probability counters) provides a comprehensive view of market dynamics during and after low volatility periods. As with all technical indicators, it's recommended to use the Low Volatility Range Breaks indicator in conjunction with other forms of analysis and within the context of a well-defined trading strategy. While this indicator can provide valuable insights into potential breakouts, it should be considered alongside other factors such as overall market trends, volume, and fundamental analysis when making trading decisions.
Penunjuk Pine Script®
oleh BigBeluga
4
TrendLine ScythesTrendline Scythes is a script designed to automatically detect and draw special curved trendlines, resembling scythes or blades, based on pivotal points in price action. These trendlines adapt to the volatility of the market, providing a unique perspective on trend dynamics. 🔲 Methodology Traditional trendlines connect consecutive pivot points on a price chart, providing a linear representation of trend direction. However, this script employs a distinctive methodology by automatically detecting price pivots and then calculating special curved trendlines based on the Average True Range (ATR) of the price. This introduces a curvature to the trendlines, resembling scythes, offering a unique way to interpret market trends. 🔲 Auto Breakout and Target Detection Trendline Scythes includes features for automatic breakout detection, signaling potential trend changes. Additionally, the script assists in target detection, helping traders set realistic and data-driven profit-taking levels based on market volatility and user adjustment. 🔲 Utility Trend Confirmation - Use Trendline Scythes to confirm existing trends by observing how price interacts with the curved trendlines. Breakout Signals - Auto-detection of breakouts adds a proactive element to your trading strategy, helping you stay ahead of potential trend reversals. Target Setting - Utilize the script to set profit-taking targets based on volatility, aligning with the current market conditions. 🔲 Settings Pivot Length - Swing detection length Scythe Length - Adjusts the length of the scythes blade Sensitivity - Controls how restrained the target calculation is, higher values will result in tighter targets. 🔲 Alerts Breakout Breakdown Target Reached Target Invalidated As well as the option to trigger 'any alert' call. Trendline Scythes is a versatile tool combining the benefits of traditional trendlines with the dynamic adaptability of curved lines for a unique approach to trend analysis.
Penunjuk Pine Script®
oleh EliCobra
15
Volume-Based Reversal and Breakout [The_lurker]Indicator Overview: The "Volume-Based Reversal and Breakout Indicator" is designed for use on the TradingView platform. Its primary function is to identify potential reversal candles using volume and price criteria and to mark significant breakout points. This tool is particularly valuable for traders who incorporate reversal patterns and volume analysis in their trading strategies. Detailed Functionality: Customizable Label Color: Traders can choose the color of the labels that mark breakout points, allowing for personalization and better visibility on different chart backgrounds. Volume Multiplier Input: Users can set a 'Volume Multiplier' to define what constitutes significant trading volume. This multiplier is used to compare the current candle's volume with that of the previous candle. A higher volume on the current candle, as defined by this multiplier, is indicative of a significant trading activity. Reversal Candle Criteria: The script identifies a candle as a reversal candle if it meets the following conditions: The closing price of the candle is lower than its opening price, indicating a bearish sentiment. The trading volume of the candle is greater than the product of the previous candle's volume and the user-set volume multiplier. This implies increased trading activity during the formation of this candle. The length of the candle's lower tail is greater than its body, suggesting a rejection of lower prices and potential bullish sentiment building up. Breakout Identification and Marking: Upon detecting a reversal candle, the indicator draws lines at the high and low of this candle. These lines represent potential breakout levels. A breakout is confirmed if the price crosses above the high (indicating a bullish breakout) or below the low (indicating a bearish breakout) of the reversal candle. When a breakout occurs, the indicator places an arrow marker at the breakout point. The direction of the arrow (upwards or downwards) and its color (customizable by the user) indicate the nature of the breakout. Breakout Alerts: The indicator includes an alert condition that notifies traders when a breakout occurs. This feature helps traders to quickly react to potential trading opportunities. Practical Application: The indicator is best used in markets with distinct volume patterns, as volume is a key component of its analysis. It can be combined with other technical analysis tools, such as trend lines or moving averages, for additional confirmation of trading signals. Traders should consider adjusting the volume multiplier based on the typical volume characteristics of the specific asset they are analyzing. Conclusion: This "Volume-Based Reversal and Breakout Indicator" is a robust tool that aids traders in identifying potential reversals and breakouts with an emphasis on volume analysis. It's customizable and alert-enabled features make it a versatile addition to a trader's toolkit, suitable for various trading styles and market conditions. Disclaimer: This indicator is provided "as is" without any warranties, either express or implied. The information and data contained within this indicator do not constitute investment advice or a recommendation to buy or sell any security. Users assume full responsibility for any trading decisions made based on the use of this indicator. Past performance of indicators does not guarantee future results. Investing in financial markets involves risks, including the potential loss of capital. It is strongly advised to consult with a qualified financial advisor before making any investment decisions. The development of this indicator does not constitute an endorsement or recommendation by TradingView or any other entity. All trademarks and trade names mentioned herein are the property of their respective owners.
Penunjuk Pine Script®
oleh The_lurker
TrendCylinder (Expo)█ Overview The TrendCylinder is a dynamic trading indicator designed to capture trends and volatility in an asset's price. It provides a visualization of the current trend direction and upper and lower bands that adapt to volatility changes. By using this indicator, traders can identify potential breakouts or support and resistance levels. While also gauging the volatility to generate trading ranges. The indicator is a comprehensive tool for traders navigating various market conditions by providing a sophisticated blend of trend-following and volatility-based metrics. █ How It Works Trend Line: The trend line is constructed using the closing prices with the influence of volatility metrics. The trend line reacts to sudden price changes based on the trend factor and step settings. Upper & Lower Bands: These bands are not static; they are dynamically adjusted with the calculated standard deviation and Average True Range (ATR) metrics to offer a more flexible, real-world representation of potential price movements, offering an idea of the market's likely trading range. █ How to Use Identifying Trends The trend line can be used to identify the current market trend. If the price is above the trend line, it indicates a bullish trend. Conversely, if the price is below the trend line, it indicates a bearish trend. Dynamic Support and Resistance The upper and lower bands (including the trend line) dynamically change with market volatility, acting as moving targets of support and resistance. This helps set up stop-loss or take-profit levels with a higher degree of accuracy. Breakout vs. Reversion Strategies Price movements beyond the bands could signify strong trends, making it ideal for breakout strategies. Fakeouts If the price touches one of the bands and reverses direction, it could be a fakeout. Traders may choose to trade against the breakout in such scenarios. █ Settings Volatility Period: Defines the look-back period for calculating volatility. Higher values adapt the bands more slowly, whereas lower values adapt them more quickly. Trend Factor: Adjusts the sensitivity of the trend line. Higher values produce a smoother line, while lower values make it more reactive to price changes. Trend Step: Controls the pace at which the trend line adjusts to sudden price movements. Higher values lead to a slower adjustment and a smoother line, while lower values result in quicker adjustments. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Penunjuk Pine Script®
oleh Zeiierman
13
Open RangeThis is a simple script that will look back a set number of candles at a specified time (example: Ny Open) and find the "High and Low " of the range/ market in the given look back period. It will then draw two lines and the range zone as a box. Breakout traders can use these levels to help find interesting areas for a breakout. Reversal traders can use these levels to help locate false breakouts. Simple type in your time zone Example: GMT-4 Set the time you want the indicator to draw the start line Example: 8:30am then set the candle look back Example: 60 Hope this script helps spark some ideas Happy trading
Penunjuk Pine Script®
oleh melodicfish
Volume Positive Negative (VPN)The idea and calculations for the Volume Positive Negative (VPN) indicator were created by Markos Katsanos. Markos wrote about the indicator in the article Detecting High-Volume Breakouts, published in Technical Analysis of Stocks & Commodities April, 2021 (Vol. 39, Issue 5). The goal of the VPN indicator is to detect breakouts using only volume. The basic idea is to compare volume on up days versus volume on down days. The indicator can oscillate between the range of -100 and 100. Values between 0 and 20 are generally considered bullish, negative are bearish. When the plotted VPN crosses over what Markos refers to as the critical value, that may indicate a high volume breakout. The critical value can be adjusted between 0 to 20, 10 is the default, Volume Positive Negative Calculation (VPN) VPN = (VP - VN) / MAV / Period * 100 VP - sum of positive volume VN - sum of negative volume MAV - moving average of volume Volume is considered positive when the average price is higher than the previous day's price by more than .1 of the ATR (average true range).
Penunjuk Pine Script®
oleh JohnMuchow
28
[TupTrader] prev candle of Opening session✅ Session Key Levels + Daily Zones This smart indicator automatically marks the key levels from the previous candle before the opening of each main trading session — Asia, London, and New York — along with the previous daily candle levels. These levels are critical for price reaction, support/resistance, and session-based breakouts or reversals. 🧠 What does it do? Detects and plots the previous candle before each session (Asia, London, New York) Automatically draws: High/Low/Open/Close of that candle Optional body/fibonacci levels (25%, 50%, 75% or 23.6%, 38.2%, 61.8%) Box zones to visualize the session range Highlights the previous daily OHLC and key levels 🚨 Built-in alerts for touches on key session and daily levels Fully customizable: colors, font size, levels visibility, and session times 💡 How to Use It? Scalping or Intraday: Look for price reactions around session levels. Breakout Strategy: Wait for price to break session highs/lows with volume. Reversals: Watch for fakeouts around previous session or daily zones. Use it with trend tools (e.g., EMA or structure) for confluence. These levels act like a roadmap of market structure and liquidity. Perfect for day traders, scalpers, and session-based traders.
Penunjuk Pine Script®
oleh TupTrader
15-Min Opening Range Breakout STEP-BY-STEP RULES 1. Define the Opening Range (OR) Mark the high and low of the first 15-minute candle of the session. This creates your Opening Range. Example: London session opens at 08:00 GMT. Use the 08:00–08:15 candle. 2. Set Entry Triggers Buy Breakout: Place a Buy Stop order 1 pip above the Opening Range high. Sell Breakout: Place a Sell Stop order 1 pip below the Opening Range low. ⚠️ Only one side should be triggered. Cancel the opposite order once one is active. 3. Set Stop Loss (SL) For Buy trades: SL = Opening Range Low - 2 pips For Sell trades: SL = Opening Range High + 2 pips This ensures you give the price enough space, while keeping risk controlled. 4. Set Take Profit (TP) Use either of these two approaches: ✅ Fixed Risk-Reward (Preferred) Target 1: TP = 2R (i.e., 2 × SL distance) Target 2 (optional): Leave runner for 3R or trail stop behind minor S/R ✅ Fixed Pip Target (alternative) TP = +50 pips SL = -20 pips Matches your preferred risk model of 20 SL / 50 TP 5. Trade Management If no breakout occurs within 1 hour, cancel the pending orders. No trade that day. If trade triggers but fails to move, consider time-based exit after 2 hours. Optional: Move SL to breakeven once price moves 1R in your favor.
Strategi Pine Script®
oleh Hardest_Easy_Money
Trend Breakout [Uncle Sam Trading]Trend Breakout Indicator Overview The Trend Breakout Indicator is a powerful, non-repainting tool designed to help traders identify high-probability breakout and trend reversal setups on any market and timeframe. By leveraging pivot points, this indicator draws dynamic support and resistance channels, highlights counter-trend breakouts, and provides visual cues for market direction. It’s ideal for traders looking to simplify their analysis while targeting key price levels for entries and exits. Key Features Pivot-Based Channels: Draws a red upper channel (resistance) and a green lower channel (support) by connecting recent pivot highs and lows. Counter-Trend Breakout Signals: Blue “CT Breakup” signal (▲) when the price breaks above the upper channel during a downtrend, indicating a potential reversal or pullback. Orange “CT Breakdown” signal (▼) when the price breaks below the lower channel during an uptrend, signaling a potential downmove. Trend Visualization: Background color shifts to green for uptrends and red for downtrends, making it easy to gauge market direction. Customizable Settings: Adjust pivot detection sensitivity with “Pivot Left Bars” (default: 5) and “Pivot Right Bars” (default: 1), and control channel extension with “Channel Extension Bars” (default: 50). Optional Trend Signals: Enable “Show Trend Change Signals” to display trend shifts with green (uptrend) or red (downtrend) arrows. Alert Conditions: Set alerts for counter-trend breakouts and trend changes directly on TradingView. Example Performance (BTCUSDT, 1-Hour Chart) On the BTCUSDT 1-hour chart: A “CT Breakdown” signal appeared on April 6 at 8:00 AM at $82,700, followed by a drop to $74,400 within hours—a 10% move. A “CT Breakup” signal occurred on April 9 at 1:00 AM at $76,600, leading to a rally to $86,600 in a few hours—a 9% gain. These examples highlight the indicator’s ability to spot significant price movements, though results depend on market conditions, your trading style, and risk management. Settings Pivot Left Bars (default: 5): Number of bars to the left for pivot detection. Pivot Right Bars (default: 1): Number of bars to the right for pivot confirmation (ensures non-repainting signals). Channel Extension Bars (default: 50): How far the channels extend to the right. Show Pivot Points (default: true): Displays small triangles at pivot highs (maroon) and lows (navy). Show Counter-Trend Breakout Signals (default: true): Shows CT Breakup and CT Breakdown signals. Show Trend Change Signals (default: false): Displays trend shift arrows when enabled. How to Use Add the indicator to your chart via TradingView’s indicator library. Adjust the settings to match your trading style and timeframe. Watch for “CT Breakup” and “CT Breakdown” signals to identify potential trade setups. Use the background color (green/red) to confirm the current trend. Set alerts for breakouts or trend changes to stay updated on key signals. Always combine with proper risk management and your own analysis—past performance is not a guarantee of future results. Notes The indicator is non-repainting, meaning signals are confirmed and won’t disappear after they form. Works on any market (crypto, forex, stocks) and timeframe, such as the BTCUSDT 1-hour chart shown. Performance varies based on market volatility and your trading strategy. This is a free tool created to support the TradingView community—feedback is welcome in the comments! Disclaimer Trading involves risk, and this indicator is not a guaranteed predictor of future price movements. Always conduct your own analysis and manage risk appropriately. The examples provided (e.g., BTCUSDT signals) are for educational purposes only and reflect past performance, which may not repeat.
Penunjuk Pine Script®
oleh UncleSamTrading
4
London Breakout Tracker - Box Style📊 London Breakout Tracker (Pine Script v6) This script is designed to track the Asian session range and identify breakout opportunities when the London session begins. It highlights high-probability trade setups and helps avoid fakeouts or overly wide ranges. 🧱 1. Session Time Definitions (Adjusted for Kenyan Time) The Asian session is defined as: 3:00 AM to 11:00 AM (Kenyan Time) 🔐 2. Asian Session High & Low During the Asian session: The script tracks the highest high and lowest low to define the range. These are stored in variables: asianHigh and asianLow. 🧊 3. Box Drawing for the Asian Range Once the Asian session ends: A visual box is drawn around the session using box.new(). This box spans from the session start to end bars and from the high to low. It helps visually see the range price must break out from. 🚨 4. Breakout Signals After the Asian session: A Long Breakout signal is generated if: The candle closes above the Asian High. A Short Breakout signal is generated if: The candle closes below the Asian Low. This corresponds to 00:00 to 08:00 UTC These are shown with: ✅ Green up label for long breakouts ❌ Red down label for short breakouts 🧯 5. Fakeout Detection If price breaks out but closes back inside the Asian range, it’s marked as a Fakeout: Long Fakeout: Price breaks above high, then closes back below. Short Fakeout: Price breaks below low, then closes back above. These are marked with orange X-crosses above or below candles. ⚠️ 6. Wide Range Filter If the Asian session range is too wide (e.g. > 40 pips), a gray background is drawn. This warns you not to trade that day since breakouts from wide ranges are unreliable. 📣 7. Alert Conditions The script can trigger alerts in TradingView when: 🔔 A Long or Short Breakout occurs ⚠️ A Fakeout is detected You can set these up via the TradingView alert system. 🎯 Overall Purpose: The script helps you: Clearly see the Asian session range Identify breakout opportunities at the London open Avoid trading during fakeouts or wide-range sessions Get alerted when breakout/fakeout conditions occur
Penunjuk Pine Script®
oleh collinskariuki85
Reversal & Breakout Strategy with ORB### Reversal & Breakout Strategy with ORB This strategy combines three distinct trading approaches—reversals, trend breakouts, and opening range breakouts (ORB)—into a single, cohesive system. The goal is to capture high-probability setups across different market conditions, leveraging a mashup of technical indicators for confirmation and risk management. Below, I’ll explain why this combination works, how the components interact, and how to use it effectively. #### Why the Mashup? - **Reversals**: Identifies overextended moves using RSI (overbought/oversold) and SMA50 crosses, filtered by VWAP and SMA200 trend direction. This targets mean-reversion opportunities in trending markets. - **Breakouts**: Uses EMA9/EMA20 crossovers with VWAP and SMA200 confirmation to catch momentum-driven trend continuations. - **Opening Range Breakout (ORB)**: Detects early momentum by breaking the high/low of a user-defined opening range (default: 15 bars) with volume confirmation. This adds a time-based edge, ideal for intraday trading. The synergy comes from blending these methods: reversals catch pullbacks, breakouts ride trends, and ORB exploits early volatility—all filtered by trend (SMA200) and anchored by VWAP for context. #### How It Works 1. **Indicators**: - **EMA9/EMA20**: Fast-moving averages for breakout signals. - **SMA50**: Medium-term trend filter for reversals. - **SMA200**: Long-term trend direction to align trades. - **RSI (14)**: Measures overbought (>70) or oversold (<30) conditions. - **VWAP**: Acts as a dynamic support/resistance level. - **ATR (14)**: Sets stop-loss distance (default: 1.5x ATR). - **Volume**: Confirms ORB breakouts (1.5x average volume of opening range). 2. **Entry Conditions**: - **Long**: Triggers on reversal (SMA50 cross + RSI < 30 + below VWAP + uptrend), breakout (EMA9 > EMA20 + above VWAP + uptrend), or ORB (break above opening range high + volume). - **Short**: Triggers on reversal (SMA50 cross + RSI > 70 + above VWAP + downtrend), breakout (EMA9 < EMA20 + below VWAP + downtrend), or ORB (break below opening range low + volume). 3. **Risk Management**: - Risks 5% of equity per trade (based on the initial capital set in the strategy tester). - Stop-loss: Based on lowest low/highest high over 7 bars ± 1.5x ATR. - Targets: Two exits at 1:1 and 1:2 risk:reward (50% of position at each). - Break-even: Stop moves to entry price after the first target is hit. 4. **Backtesting Settings**: - Commission: Hardcoded at 0.1% per trade (realistic for most brokers). - Slippage: Hardcoded at 2 ticks (realistic for most markets). - Tested on datasets yielding 100+ trades (e.g., 2-min or 5-min charts over months). #### How to Use It - **Timeframe**: Works best on intraday (2-min, 5-min) or daily charts. Adjust `Opening Range Bars` (e.g., 15 bars = 30 min on 2-min chart) for your timeframe. - **Settings**: - Set your initial equity in the TradingView strategy tester’s "Properties" tab under "Initial Capital" (e.g., $10,000). The script automatically risks 5% of this equity per trade. - Adjust `Stop Loss ATR Multiplier` or `Risk:Reward Targets` based on your risk tolerance. - Note that commission (0.1%) and slippage (2 ticks) are fixed in the script for backtesting consistency. - **Execution**: Enter on signal, monitor plotted stop (red) and targets (green/blue). The strategy supports pyramiding (up to 2 positions) for scaling into trends. #### Backtesting Notes Results are realistic with commission (0.1%) and slippage (2 ticks) included. For a sufficient sample, test on volatile instruments (e.g., stocks, forex) over 3-6 months on lower timeframes. The default 1.5x ATR stop may seem wide, but it’s justified to avoid premature exits in volatile markets—feel free to tweak it with justification. The script assumes an initial capital of $10,000 in the strategy tester for the 5% risk calculation (e.g., $500 risk per trade); adjust this in the "Properties" tab as needed. This mashup isn’t just a random mix; it’s a deliberate fusion of complementary strategies, offering traders flexibility across market phases. Questions? Let me know!
Strategi Pine Script®
oleh Stock_Reaver
Trendline Breaks with Multi Fibonacci Supertrend StrategyTMFS Strategy: Advanced Trendline Breakouts with Multi-Fibonacci Supertrend Elevate your algorithmic trading with institutional-grade signal confluence Strategy Genesis & Evolution This advanced trading system represents the culmination of a personal research journey, evolving from my custom " Multi Fibonacci Supertrend with Signals " indicator into a comprehensive trading strategy. Built upon the exceptional trendline detection methodology pioneered by LuxAlgo in their " Trendlines with Breaks " indicator, I've engineered a systematic framework that integrates multiple technical factors into a cohesive trading system. Core Fibonacci Principles At the heart of this strategy lies the Fibonacci sequence application to volatility measurement: // Fibonacci-based factors for multiple Supertrend calculations factor1 = input.float(0.618, 'Factor 1 (Weak/Fibonacci)', minval = 0.01, step = 0.01) factor2 = input.float(1.618, 'Factor 2 (Medium/Golden Ratio)', minval = 0.01, step = 0.01) factor3 = input.float(2.618, 'Factor 3 (Strong/Extended Fib)', minval = 0.01, step = 0.01) These precise Fibonacci ratios create a dynamic volatility envelope that adapts to changing market conditions while maintaining mathematical harmony with natural price movements. Dynamic Trendline Detection The strategy incorporates LuxAlgo's pioneering approach to trendline detection: // Pivotal swing detection (inspired by LuxAlgo) pivot_high = ta.pivothigh(swing_length, swing_length) pivot_low = ta.pivotlow(swing_length, swing_length) // Dynamic slope calculation using ATR slope = atr_value / swing_length * atr_multiplier // Update trendlines based on pivot detection if bool(pivot_high) upper_slope := slope upper_trendline := pivot_high else upper_trendline := nz(upper_trendline) - nz(upper_slope) This adaptive trendline approach automatically identifies key structural market boundaries, adjusting in real-time to evolving chart patterns. Breakout State Management The strategy implements sophisticated state tracking for breakout detection: // Track breakouts with state variables var int upper_breakout_state = 0 var int lower_breakout_state = 0 // Update breakout state when price crosses trendlines upper_breakout_state := bool(pivot_high) ? 0 : close > upper_trendline ? 1 : upper_breakout_state lower_breakout_state := bool(pivot_low) ? 0 : close < lower_trendline ? 1 : lower_breakout_state // Detect new breakouts (state transitions) bool new_upper_breakout = upper_breakout_state > upper_breakout_state bool new_lower_breakout = lower_breakout_state > lower_breakout_state This state-based approach enables precise identification of the exact moment when price breaks through a significant trendline. Multi-Factor Signal Confluence Entry signals require confirmation from multiple technical factors: // Define entry conditions with multi-factor confluence long_entry_condition = enable_long_positions and upper_breakout_state > upper_breakout_state and // New trendline breakout di_plus > di_minus and // Bullish DMI confirmation close > smoothed_trend // Price above Supertrend envelope // Execute trades only with full confirmation if long_entry_condition strategy.entry('L', strategy.long, comment = "LONG") This strict requirement for confluence significantly reduces false signals and improves the quality of trade entries. Advanced Risk Management The strategy includes sophisticated risk controls with multiple methodologies: // Calculate stop loss based on selected method get_long_stop_loss_price(base_price) => switch stop_loss_method 'PERC' => base_price * (1 - long_stop_loss_percent) 'ATR' => base_price - long_stop_loss_atr_multiplier * entry_atr 'RR' => base_price - (get_long_take_profit_price() - base_price) / long_risk_reward_ratio => na // Implement trailing functionality strategy.exit( id = 'Long Take Profit / Stop Loss', from_entry = 'L', qty_percent = take_profit_quantity_percent, limit = trailing_take_profit_enabled ? na : long_take_profit_price, stop = long_stop_loss_price, trail_price = trailing_take_profit_enabled ? long_take_profit_price : na, trail_offset = trailing_take_profit_enabled ? long_trailing_tp_step_ticks : na, comment = "TP/SL Triggered" ) This flexible approach adapts to varying market conditions while providing comprehensive downside protection. Performance Characteristics Rigorous backtesting demonstrates exceptional capital appreciation potential with impressive risk-adjusted metrics: Remarkable total return profile (1,517%+) Strong Sortino ratio (3.691) indicating superior downside risk control Profit factor of 1.924 across all trades (2.153 for long positions) Win rate exceeding 35% with balanced distribution across varied market conditions Institutional Considerations The strategy architecture addresses execution complexities faced by institutional participants with temporal filtering and date-range capabilities: // Time Filter settings with flexible timezone support import jason5480/time_filters/5 as time_filter src_timezone = input.string(defval = 'Exchange', title = 'Source Timezone') dst_timezone = input.string(defval = 'Exchange', title = 'Destination Timezone') // Date range filtering for precise execution windows use_from_date = input.bool(defval = true, title = 'Enable Start Date') from_date = input.time(defval = timestamp('01 Jan 2022 00:00'), title = 'Start Date') // Validate trading permission based on temporal constraints date_filter_approved = time_filter.is_in_date_range( use_from_date, from_date, use_to_date, to_date, src_timezone, dst_timezone ) These capabilities enable precise execution timing and market session optimization critical for larger market participants. Acknowledgments Special thanks to LuxAlgo for the pioneering work on trendline detection and breakout identification that inspired elements of this strategy. Their innovative approach to technical analysis provided a valuable foundation upon which I could build my Fibonacci-based methodology. This strategy is shared under the same Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) license as LuxAlgo's original work. Past performance is not indicative of future results. Conduct thorough analysis before implementing any algorithmic strategy.
Strategi Pine Script®
oleh FibonacciFlux
24
Bollinger Bands MTF & Kalman Filter | Flux Charts📈 Multi-Timeframe Kalman Filtered Bollinger Bands Indicator Introducing our MTF Kalman Filtered Bollinger Bands – a powerful multi-timeframe Bollinger Bands (BB) indicator enhanced with Kalman filtering for superior smoothing and trend analysis. This indicator dynamically adapts Bollinger Bands across multiple timeframes while incorporating volume-based gradient transparency to highlight significant price movements. This indicator is better optimized for lower timeframes. ❓ How to Interpret the Bands & Volume Gradient: Our indicator combines Lower Timeframe (LTF) and Higher Timeframe (HTF) Bollinger Bands to provide a comprehensive trend analysis. It applies Kalman filtering to the LTF bands, ensuring smoother, noise-reduced signals. The color gradient and relative volume-based transparency offer deeper insights into price strength. 🔹 LTF Bollinger Bands: Shorter-period bands filtered with a Kalman smoothing algorithm, reducing lag and noise. 🔹 HTF Bollinger Bands: Traditional Bollinger Bands plotted on a higher timeframe, offering macro trend analysis. 🔹 Volume Gradient Transparency: The bands adjust their opacity based on relative buy/sell volume, allowing traders to assess momentum strength. 📌 How Does It Work? 1️⃣ Multi-Timeframe Bollinger Bands Calculation The LTF BB uses Kalman filtering for a smoother price representation, helping to reduce false signals. The HTF BB is EMA-smoothed for improved trend clarity. 2️⃣ Adaptive Gradient Transparency The opacity of the fill color between the bands is determined by relative buy/sell volume. Higher buy volume = stronger bullish signal (greener bands). Higher sell volume = stronger bearish signal (redder bands). 3️⃣ Dynamic Trend Signals & Breakouts Buy Signal: When price breaks below the HTF lower band and LTF bands start rising. Sell Signal: When price breaks above the HTF upper band and LTF bands start falling. ⚙️ Settings & Customization: 🛠 LTF and HTF Bollinger Bands Settings: Multiplier: The multiplier applied to the BB to determine the upper and lower bands Length: Define the number of bars determines the BB calculations. Custom Timeframe Selection: Choose from predefined options (e.g., 5m, 15m, 1H, 4H, etc). 🎨 Gradient & Transparency Settings: Bullish/Bearish Color Options: Customize colors for uptrend and downtrend conditions. Max & Min Opacity: Adjust the transparency levels based on volume intensity. Solid vs. Gradient Mode: Choose between a gradient fill or a solid color mode for clarity. 📌 Recommended Settings for Optimal Use: 1️⃣ Timeframe Selection (LTF -> HTF): 1 min -> 5 min 2 min -> 5 min 3 min -> 15 min 5 min -> 15 min 15 min -> 1 hr 1 hr -> 4 hr 4 hr -> 1 day 2️⃣ Multiplier: Use 2.0 for LTF and 2.25 for HTF 3️⃣Length: Use a length of 20 - 30 bars 🚀 Why Use This Indicator? ✅ Multi-Timeframe Bollinger Bands with Kalman Filtering – Ideal for traders looking for reduced lag and clearer trend signals. ✅ Volume-Based Transparency – See momentum shifts instantly with adaptive opacity. ✅ Dynamic Buy & Sell Signals – Alerts based on price action + volume trends. ✅ Customizable for Any Strategy – Adjust colors, timeframes, and filtering options for personalized trading.
Penunjuk Pine Script®
oleh fluxchart
11
TrendPredator FOTrendPredator Fakeout Highlighter (FO) The TrendPredator Fakeout Highlighter is designed to enhance multi-timeframe trend analysis by identifying key market behaviors that indicate trend strength, weakness, and potential reversals. Inspired by Stacey Burke’s trading approach, this tool focuses on trend-following, momentum shifts, and trader traps, helping traders capitalize on high-probability setups. At its core, this indicator highlights peak formations—anchor points where price often locks in trapped traders before making decisive moves. These principles align with George Douglas Taylor’s 3-day cycle and Steve Mauro’s BTMM method, making the FO Highlighter a powerful tool for reading market structure. As markets are fractal, this analysis works on any timeframe. How It Works The TrendPredator FO highlights key price action signals by coloring candles based on their bias state on the current timeframe. It tracks four major elements: Breakout/Breakdown Bars – Did the candle close in a breakout or breakdown relative to the last candle? Fakeout Bars (Trend Close) – Did the candle break a prior high/low and close back inside, but still in line with the trend? Fakeout Bars (Counter-Trend Close) – Did the candle break a prior high/low, close back inside, and against the trend? Switch Bars – Did the candle lose/ reclaim the breakout/down level of the last bar that closed in breakout/down, signalling a possible trend shift? Reading the Trend with TrendPredator FO The annotations in this example are added manually for illustration. - Breakouts → Strong Trend Multiple candles closing in breakout signal a healthy and strong trend. - Fakeouts (Trend Close) → First Signs of Weakness Candles that break out but close back inside suggest a potential slowdown—especially near key levels. - Fakeouts (Counter-Trend Close) → Stronger Reversal Signal Closing against the trend strengthens the reversal signal. - Switch Bars → Momentum Shift A shift in trend is confirmed when price crosses back through the last closed breakout candles breakout level, trapping traders and fuelling a move in the opposite direction. - Breakdowns → Trend Reversal Confirmed Once price breaks away from the peak formation, closing in breakdown, the trend shift is validated. Customization & Settings - Toggle individual candle types on/off - Customize colors for each signal - Set the number of historical candles displayed Example Use Cases 1. Weekly Template Analysis The weekly template is a core concept in Stacey Burke’s trading style. FO highlights individual candle states. With this the state of the trend and the developing weekly template can be evaluated precisely. The analysis is done on the daily timeframe and we are looking especially for overextended situations within a week, after multiple breakouts and for peak formations signalling potential reversals. This is helpful for thesis generation before a session and also for backtesting. The annotations in this example are added manually for illustration. 📈 Example: Weekly Template Analysis snapshot on daily timeframe 2. High Timeframe 5-Star Setup Analysis (Stacey Burke "ain't coming back" ACB Template) This analysis identifies high-probability trade opportunities when daily breakout or down closes occur near key monthly levels mid-week, signalling overextensions and potentially large parabolic moves. Key signals for this are breakout or down closes occurring on a Wednesday. This is helpful for thesis generation before a session and also for backtesting. The annotations in this example are added manually for illustration. Also an indicator can bee seen on this chart shading every Wednesday to identify the signal. 📉 Example: High Timeframe Setup snapshot 3. Low Timeframe Entry Confirmation FO helps confirm entry signals after a setup is identified, allowing traders to time their entries and exits more precisely. For this the highlighted Switch and/ or Fakeout bars can be highly valuable. 📊 Example (M15 Entry & Exit): Entry and Exit Confirmation snapshot 📊 Example (M5 Scale-In Strategy): Scaling Entries snapshot The annotations in this examples are added manually for illustration. Disclaimer This indicator is for educational purposes only and does not guarantee profits. None of the information provided shall be considered financial advice. Users are fully responsible for their trading decisions and outcomes.
Penunjuk Pine Script®
oleh TC888
6
200 EMA Breakout & Retest Strategy200 EMA Breakout & Retest Strategy This script is designed for traders who rely on the 200 EMA as a key indicator for trend direction and trade setups. The strategy identifies potential buy and sell opportunities based on breakouts and subsequent retests of the 200 EMA. How It Works EMA Breakout Detection: The script monitors when the price crosses and closes above or below the 200 EMA. No signal is generated immediately upon the breakout. Retest Confirmation: After the breakout, the price must retrace to touch the 200 EMA. A valid signal occurs only when the price touches the EMA and the candle closes above (for buy) or below (for sell). Trade Signal Generation: Once the retest is confirmed: A Buy Signal is generated if the price closes above the 200 EMA after the retest. A Sell Signal is generated if the price closes below the 200 EMA after the retest. The script calculates: Stop Loss: Placed at the low of the candle for a buy signal and at the high of the candle for a sell signal. Take Profit: Based on a customizable Risk-Reward Ratio (default is 1:2). Visual Indicators: The 200 EMA is plotted on the chart for reference. Buy/Sell signals are displayed as labels on the chart. Stop loss and take profit levels are drawn using dotted lines. Customization Options EMA Length: Adjustable (default is 200). Risk-Reward Ratio: Customizable to suit different trading styles. Who Is This For? This strategy is ideal for traders who: Prefer trading with the trend using EMA-based strategies. Look for precise entry points with confirmation from retests. Require automated calculation of risk-reward levels.
Penunjuk Pine Script®
oleh zaigamali786110