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Flag FinderFlag Finder Indicator is a technical analysis tool to identify bull and bear flags. What are flags Flags are continuation patterns that occur within the general trend of the security. A bull flag represents a temporary pause or consolidation before price resumes it's upward movement, while a bear flag occurs before price continues its downward movement. Both flag patterns consist of two components: The Pole The Flag The pole is the initial strong upward surge or decline that precedes the flag. The pole is usually a fast move accompanied by heavy volume signaling significant buying or selling pressure. The flag is then formed as price consolidates after the initial surge or decline from the pole. For a bull flag price will drift slightly downward to sideways, a bear flag will drift upward to sideways. The best flags often see volume dry up during this phase of the pattern. Indicator Settings Both components are fully customizable in the indicator so the user can adjust for any time frame or volatility. Select the minimum and maximum accepted limits from the % gain loss required for the pole, the maximum acceptable flag depth or rally and the minimum and maximum number of bars for each component. Colors and what components are visible at any time are also user controlled. Trading flags Traders typically use flags to enter on breakouts. A breakout occurs when price moves above the left side high of a bull flag or below the left side low of a bear flag. Alerts The Flag Finder allows for four different types of alerts New Bull Flag New Bear Flag Bull Flag Breakout Bear Flag Breakout Pine Script On top of the indicator identifying bull and bear flags, throughout the source code I left notes on nearly every line to help anyone who is interested in pine script see my thought process and explain which each line of code does. This code isn't too complex, but it offers a look into many different concepts one might use when writing pinescript such as: input groups declaring and reassigning variables for loops plotshapes & lines alerts
Penunjuk Pine Script®
oleh Amphibiantrading
72
Range H/L Buy and Sell SignalThe "Range H/L Buy and Sell Signal" indicator is designed to identify potential buy and sell signals based on a specified price range and market volatility. This indicator can be used in the TradingView platform to assist traders in making informed decisions. The indicator allows customization of several parameters to adapt to different trading strategies. These parameters include the start and end times for the price range, the volatility threshold, and the desired breakout conditions. To begin, the indicator calculates the range start and end timestamps based on the provided hours and minutes. This defines the time period within which the indicator will analyze price movements. Next, the indicator determines the highest high (High) and lowest low (Low) within the specified price range. These levels represent the upper and lower boundaries of the range and act as potential breakout points. Volatility is also taken into account to filter out false signals. The indicator calculates the true range and the average true range over a period of 14 bars. The true range measures the price range from the current high to low, while the average true range provides an indication of market volatility. Based on the breakout conditions and the volatility threshold, buy and sell signals are generated. A buy signal occurs when the closing price crosses above the High and the true range is greater than the volatility threshold multiplied by the average true range. Conversely, a sell signal is triggered when the closing price crosses below the Low and the true range exceeds the volatility threshold multiplied by the average true range. The indicator visually displays the High and Low levels as plotted lines on the chart. Additionally, it marks the buy signals with green labels labeled "BUY" below the corresponding bars and the sell signals with red labels labeled "SELL" above the bars. It is important to note that this indicator should be used in conjunction with other technical analysis tools and indicators for comprehensive market analysis. Trading always carries risks, and it is crucial to exercise caution and conduct thorough analysis before making any trading decisions. Divergent Trades LLC: Disclaimer: The information provided by the Divergent Trades LLC indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy, sell, or trade any financial instrument. Divergent Trades LLC is not responsible for any losses incurred as a result of using this indicator. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. Before making any investment decisions, please consult with a financial advisor and do your own due diligence. Past performance is not indicative of future results. By using the Divergent Trades LLC indicator, you acknowledge that you have read and understand this disclaimer and agree to its terms and conditions.
Penunjuk Pine Script®
oleh DivergentTrades
tlc with False BreakoutThe strategy aims to identify a trend line channel with the potential for a false breakout. Here's an explanation of the strategy: The script starts by defining the input parameters. The lookback parameter determines the number of previous bars to consider for detecting the trend lines, and the threshold parameter controls the sensitivity of the trend line detection. The script then initializes variables to store the trend lines, tap count, and the false breakout signal. Inside the loop, the script iterates over the specified number of bars (lookback) to identify the trend lines. It checks if the current high is greater than the previous and next highs to identify an upper trend line and sets it using the line.new function. Similarly, it checks if the current low is smaller than the previous and next lows to identify a lower trend line and sets it. The script also keeps track of the price levels of the upper and lower trend lines using the variables upperTrendLinePrice and lowerTrendLinePrice. These price levels are obtained using the line.get_y1 function. After the fourth tap (when tapCount is equal to 4), the script checks if the current close price is above the upper trend line or below the lower trend line. If this condition is met, it sets the falseBreakout variable to true, indicating a potential false breakout. Finally, the script plots a shape marker (plotshape) when a false breakout occurs. This is represented by an orange label displayed below the bar. At the end of the script, the line.delete function is used to remove the old trend lines when the script reaches the last bar (barstate.islast). By using this strategy, you can visually identify trend line channels where the upper and lower lines touch higher highs or lower highs and higher lows or lower lows. Additionally, it provides a false breakout signal when the price breaks above the upper trend line or below the lower trend line on the fifth tap.
Penunjuk Pine Script®
oleh bharath_kaipparedan
1
Volatility Breakout Strategy [Angel Algo]As traders, we're always looking for opportunities to profit from sudden price breakouts, and the Volatility Breakout Strategy aims to do just that. This script is the perfect starting point for traders who want to experiment with capturing price movements resulting from increased volatility. The script plots the Average True Range (ATR) on the chart, which is a measure of the asset's volatility over a specified period. By setting the "Length" parameter, you can customize the period over which the volatility is measured. Using the ATR, the strategy calculates upper and lower breakout levels and plots them on the chart. The signals for long and short positions are generated when the price crosses above the upper breakout level or below the lower breakout level, respectively. They are confirmed by checking the current bar state. The strategy also fills the space between the upper and lower breakout levels with a color that indicates the latest signal direction. This feature helps traders quickly identify the prevailing trend. The strategy uses the generated signals to enter trades. When a long or short signal is confirmed, and there is no open position in the direction of the signal, the strategy enters a long or short trade, respectively. Choice of parameters. Choosing the right value for the Length input parameter is crucial for tailoring the Volatility Breakout Strategy to suit your trading preferences. In general, a higher Length value implies a focus on capturing longer price moves. For instance, in this script, we have set the Length value to 20, resulting in trades that span approximately 100 candles. These trades encompass price trends consisting of multiple swings. However, if your goal is to trade individual swings rather than longer trends, it's advisable to experiment with smaller values for the Length parameter. By reducing the Length, you can target shorter-term price movements and potentially increase the frequency of trades. It's important to note that while a higher Length value tends to lead to longer trades, there is no strict correlation between the Length parameter and the average length of trades. This can vary across different markets. Therefore, it's essential to conduct thorough experimentation with various Length values and closely observe the length of trades they generate. Comparing these trade lengths with the average trend or swing length in the specific market can provide valuable insights. Ideally, you should aim to select a Length value that aligns with the average trend or swing length observed in the market you are trading. This way, you can optimize the strategy to capture price movements that closely match the prevailing market conditions. Remember, finding the optimal Length value is a process of trial and error, combined with careful observation of trade lengths and their correlation with market trends. So, don't be afraid to experiment and refine the Length parameter to maximize the effectiveness of the Volatility Breakout Strategy in your chosen market. Disclaimer: This trading strategy is provided for educational and informational purposes only.Trading involves risk, and past performance is not indicative of future results.
Strategi Pine Script®
oleh AngelAlgo
2
Open DriveOpen Drive is a market profile concept introduced by Jim Dalton. It occurs when the price moves directionally and persistently for the first 30 minutes from the cash market open. It is necessary to use 30-minute bars as there needs to be enough time to measure an extreme move of the cash open. This means there will be fewer trades than other strategies using faster time periodicities. The script finds open drives from these time points 0700/ 0800 and 1300/1430. The entry signal also has a breakout threshold using the 5-bar high and 5-bar low to only take trades moving away from the prior 5-bar range. This weeds out most mid-range trades and small range expansion bars. If the price has had a strong move from the open and has broken either below the prior 5-bar low or above the prior 5-bar high by an amount equal to the prior 5-bar range a trade is entered in the direction of the move. The Exit criteria; exit after 3 bars which is 90mins when using a 30min periodicity. Note, this script is shared to show that momentum generated on or around the cash open tends to persist. The entry and exits of this strategy are quite naive but there are plenty of ways to take more aggressive entries on faster time frames when an open drive occurs. The times chosen for this strategy will suit stock index futures mainly. The user can experiment with other futures products and their corresponding pit/ cash open hours. Google "open drive market profile" for more information on open drives and market profile concepts. Happy trading!
Strategi Pine Script®
oleh Marcn5_
Pivot BreaksThere are built-in and published Pivot Point High Low indicators in Public Library. As far as I see none of them show the breaking candles or the trend. with the closing price crossing over the previous / current pivot high A bearish breakOut can either indicate the progression of a lower high pattern or a trend reversal with the closing price crossing under the previous / current pivot low A bullish breakOut can either indicate the progression of a higher low pattern or a trend reversal This indicator can show the first breaking candle or all breaking candles . It Can also show The Breaking state (Trend) based on the last break. Alert Mode is included, colour can be customised, Higher TimeFrame can be requested (it Can also cause repainting) Inputs are optional as possible so have fun with it Disclaimer: Scripts that I post publicly are experimental. They are not financial advices. Always backtest your ideas using your own methodologies.
Penunjuk Pine Script®
oleh sosso_bott
3
Linear Regression & RSI Multi-Function Screener with Table-LabelHi fellow traders.. Happy to share a Linear Regression & RSI Multi-Function Custom Screener with Table-Labels... The Screener scans for Linear Regression 2-SD Breakouts and RSI OB/OS levels for the coded tickers and gives Summary alerts Uses Tables (dynamica resizing) for the scanner output instead of standard labels! This Screener cum indicator collection has two distinct objectives.. 1. Attempt re-entry into trending trades. 2. Attempt Counter trend trades using linear regression , RSI and Zigzag. Briefly about the Screener functions.. a. It uses TABLES as Labels a FIRST for any Screener on TV. b. Tables dynamically resize based on criteria.. c. Alerts for breakouts of the UPPER and the LOWER regression channels.(2 SD) d. In addition to LinReg it also Screens RSI for OB/OS levels so a multifunction Screener. e. Of course has the standard summary Alerts and programmable format for Custom functions. f. Uses only the inbuilt Auto Fib and Lin Reg code for the screener.(No proprietary stuff) g. The auto Zigzag code is derived(Auto fib). Question what are all these doing in a single screener ?? ZigZag is very useful in determining Trend Up or Down from one Pivot to another. So Once you have a firm view of the Current Trend for your chosen timeframe and ticker… We can consider few possible trading scenarios.. a. Re-entry in an Up Trend - Combination of OS Rsi And a Lower Channel breach followed by a re-entry back into the regression channel CAN be used as an effective re-entry. b. Similarily one can join a Down Trend on OB Rsi and Upper Channel line breach followed by re-entry into the regression channel. If ZigZag signals a range-bound market, bound within channel lines then the Upper breakout can be used to Sell and vice-versa! In short many possibilities for using these functions together with Scanner and Alerts. This facilitates timely PROFITABLE Trending and Counter trend opportunities across multiple tickers. You must give a thorough READ to the various available tutorials on ZigZag / Regression and Fib retracements before attempting counter trend trades using these tools!! A small TIP – Markets are sideways or consolidating 70% of the time!! Acknowledgements: - Thanks a lot DGTRD for the Auto ZigZag code and also for the eagerness to help wherever possible..Respect!! Disclaimer: The Alerts and Screener are just few tools among many and not any kind of Buy/Sell recommendations. Unless you have sufficient trading experience please consult a Financial advisor before investing real money. *The alerts are set for crossovers however for viewing tickers trading above or below the channel use code in line 343 and 344 after setting up the Alerts! ** RSI alerts are disabled by default to avoid clutter, but if needed one can activate code lines 441,442,444 and 445 Wish you all, Happy Profitable Trading!
Penunjuk Pine Script®
oleh sharaaU7
21
TrendLine ChannelsAbstract This script provides a set of Trendline Channels which can be tighter than Donchian Channels. This script computes the most suitable active upper and lower trendlines and updates them as soon as possible. We can use it for breakout signals earlier than Donchian Channels. Introduction Channels are tools which can mark area of values of ranging markets. Once the price leaves the original region, range traders may start admitting they are wrong and trigger trend. Donchian Channels (misheard as Dungeon Channels) use the highest and the lowest price to define area of values. When the price breakouts, it just like it got released from a dungeon. However, waiting for the price making even higher or lower may be too late and risk reward ratio may be lower. Trendlines can make the channels tighter and we can find earlier breakout signals. Computing Trendline Channels (1) Find the most active trendlines In this script, a valid trendline connects two high values or two low values. A high value means the highest value in a trading day. A low value means the lowest value in a trading day. In this script, every trendline does not crossover any bar but can exactly touch them. The most flat trendline is taken. (one for upper and one for lower) (2) Continue to use or Change a trendline If there is a tighter trendline available, this script changes to use it. If the previous active trendline is broken, this script re-computes the trendline available. When this case happens, this script display with an another color. Otherwise, this script continues using the previous trendline. (3) Middle line The middle line indicates the middle value between the upper and the lower. Parameters Length : how many days are used for computation. The default value is 16 just because 16=4*4, using binary characteristic. x_go_on : If the previous trendline is not breakout and there are no tighter trendlines available, we continue use it. Color Options (1) Upper trendline (no update or tighter) (2) Upper trendline (changed due to breakout) (3) Middle line (4) Lower trendline (no update or tighter) (5) Lower trendline (changed due to breakout) Conclusion Trendline Channels can be tighter than Donchian Channels and evaluate earlier breakout signals. Comparing to known auto trendline scripts, Trendline Channels is continuous. Once a trendline is broken, Trendline Channels can instantly point out the next available one. If you think the price movement is boring or you cannot have good risk reward ratio, you can go to an another timeframe. Reference How to trade with Donchian Channels How to trade with Trendlines
Penunjuk Pine Script®
oleh clocks156t174
SMT - Smart Money Thursday Boxes The Smart Money Trading Thursday - is a very specific trading system. You only trade it on a Thursday. The script/indicator will color Thursdays as two boxes. If you just want one color, use same color for both boxes. The boxes is there to indicate London/New York sessions. SETTINGS In the setting you find a numeric value as 1700-0400:5 The "5" indicate Thursday. You can change that if you prefer to color another specific day. For example "4" would indicate Wednesday. And you can change the hours to fit your sessions and trading style. You can also use the 2 boxes on different days. If you for example would like to color up London for Wednesday and Thursday. Then set hours to fit London session and adjust the :5 to 4 on the 1st box and 5 on the 2nd. HOW TO USE IT? The Smart Money works in a way retail trading does not. Smart Money has an objective to locate retail patterns, where there will be a lot of stop loss volume to be grabbed. So when a retail trader see a setup like a "Double Top / Bottom". The Institutional will see $$$ of dumb money, ready to be taken. The best moves happen on a Thursday but if you are a skilled trader, you can see the move also occur on Wednesday or Friday. The first thing that will happen, is that the Smart Money Breaks out of session. Meaning they will leave the current weeks high/low range. To start collect negative contracts of the retail volume. When you see that happen. And you see a breakout that consist of 4 in a row 1 hour chart candles. Then you have your first rule meet. #1 Thursday breakout of current weeks high/low. And the move is a clean 4 hour move as 4x H1 candles. The move can start within range. But must end clearly outside. Visual Example: #2 Next, we await an engulf at peak or near peak. That is where Institutional may have problem to match any more contracts, and since they used their own money to make this move. They must now mitigate orders, and return back to the original retail pattern as most retail traders are now stopped out. (Normally this is a long/clear candle out of range. they rarely go lower then retail traders entry in the 1st push. This to not save any souls :) #3 Price returns back to where the breakout from the retail happens. You can now take your profit as a Smart Money Trader. Trading with less risk, you can take profit of the return of that latest 4x H1 candle move. (Order Block) CONCLUSION The best trade is when you can combine a retail pattern, followed by a breakout which holds 4x 1 hour candles in the outbreak direction. 2nd best is when you have the 4x H1 breakout and really no clear retail pattern. Still is the same game. Just not as clear as the one above. Study the steps in this image and you see what to look after: Good Luck with your trading! Regards, The Hunter Trading Group
Penunjuk Pine Script®
oleh The-Hunter
6
VWAP Stdev BandsCurrent price always obeys VWAP and is very useful for intraday traders. The Price will never go beyond the second deviation of VWAP at any point of time. The deviation bands are also very useful in predicting the volatility of the script. Breakout trades can be taken based on the previous day's VWAP and it's deviations. One can say that the stock has experienced breakout if current price crosses the fourth deviation of the previous day's VWAP or price bounces off that level, the price movement will be rapid if this occurs providing a good trading opportunity with low risk-reward ratio.
Penunjuk Pine Script®
oleh dbdecoy
1
CM_OldSchool_Projected_high_LowHeard this story from Larry Williams…the trader who holds the record for winning the U.S. Trading Championship by turning $10K in to 2 Million. A trader named Owen Taylor developed this formula as a Floor Trader before to calculate the Projected High and Low of the next day. The formula worked so well…Owen charged other Traders 1K to get it. I was pretty impressed with the results…so I coded it for the Weekly, Monthly, Quarterly, and Yearly Projected High Low. While Owen considered these levels to be major support and resistance, Larry has developed many strategies based on the Breakout of the Projected High Low. Therefore I coded it so the Levels would plot Yellow, and change to Green if the Projected High was taken out, and Red if the Projected Low was taken out. ***I’ve noticed on many instruments, Stocks, Index’s, Forex etc., depending on the instrument it works great as Support/Resistance or Breakouts. ***On a Daily Chart put the Quarterly and Yearly levels on SPY and EURUSD and go back about 10 years. Levels are pretty accurate.
Penunjuk Pine Script®
oleh ChrisMoody
45
Smart Money Breakout Moving Strength [GILDEX]🟠OVERVIEW This script draws breakout detection zones called “Smart Money Breakout Channels” based on volatility-normalized price movement and visualizes them as dynamic boxes with volume overlays. It identifies temporary accumulation or distribution ranges using a custom normalized volatility metric and tracks when price breaks out of those zones—either upward or downward. Each channel represents a structured range where smart money may be active, helping traders anticipate key breakouts with added context from volume delta, up/down volume, and a visual gradient gauge for momentum bias. 🟠CONCEPTS The script calculates normalized price volatility by measuring the standard deviation of price mapped to a scale using the highest and lowest prices over a set lookback period. When normalized volatility reaches a local low and flips upward, a boxed channel is drawn between the highest and lowest prices in that zone. These boxes persist until price breaks out, either with a strong candle close (configurable) or by touching the boundary. Volume analysis enhances interpretation by rendering delta bars inside the box, showing volume distribution during the channel. Additionally, a real-time visual “gauge” shows where volume delta sits within the channel range, helping users spot pressure imbalances.
Penunjuk Pine Script®
oleh Syon_en
Smart Money Breakout Moving Strength [GILDEX]🟠OVERVIEW This script draws breakout detection zones called “Smart Money Breakout Channels” based on volatility-normalized price movement and visualizes them as dynamic boxes with volume overlays. It identifies temporary accumulation or distribution ranges using a custom normalized volatility metric and tracks when price breaks out of those zones—either upward or downward. Each channel represents a structured range where smart money may be active, helping traders anticipate key breakouts with added context from volume delta, up/down volume, and a visual gradient gauge for momentum bias. 🟠CONCEPTS The script calculates normalized price volatility by measuring the standard deviation of price mapped to a scale using the highest and lowest prices over a set lookback period. When normalized volatility reaches a local low and flips upward, a boxed channel is drawn between the highest and lowest prices in that zone. These boxes persist until price breaks out, either with a strong candle close (configurable) or by touching the boundary. Volume analysis enhances interpretation by rendering delta bars inside the box, showing volume distribution during the channel. Additionally, a real-time visual “gauge” shows where volume delta sits within the channel range, helping users spot pressure imbalances.
Penunjuk Pine Script®
oleh Syon_en
Opening Range BreakoutThis indicator is designed for Opening Range Breakout (ORB) traders who want automatic calculation of breakout levels and multiple price targets. It is optimised for NSE intraday trading, capturing the first 15-minute range from 09:15 to 09:30 and plotting key breakout targets for both long and short trades. ✨ Features: Automatic daily reset — fresh levels are calculated every trading day. Opening Range High & Low plotted immediately after 09:30. Two profit targets for both Buy & Sell breakouts based on the opening range size: T1 = 100% of range added/subtracted from OR high/low. T2 = 200% of range added/subtracted from OR high/low. Clear breakout signals (BUY / SELL labels) when price crosses the OR High or Low. Custom alerts for both buy and sell triggers. Designed to work on any intraday timeframe (1min, 3min, 5min, etc.). 📊 How it works: From 09:15 to 09:30, the script records the highest and lowest prices. At 09:30, the range is locked in and breakout targets are calculated automatically. Buy and Sell signals are generated when price breaks above the OR High or below the OR Low. Targets and range lines automatically reset for the next day. ⚠️ Notes: This script is tuned for NSE market timings but can be adapted for other markets by changing the session input. Works best on intraday charts for active traders. This is not financial advice — always backtest before trading live.
Penunjuk Pine Script®
oleh Taran13
ombs- PONY Breakout Alert 🧠 תקציר הסקריפט: **PONY Breakout Alert 📈 🔍 **מטרה**: לזהות **פריצה מעלה של רמת 14.15** תוך כדי **מחזור מסחר גבוה מהממוצע**, כדי לאתר **הזדמנות מסחר שורית**. --- ⚙️ רכיבי הסקריפט: * 📌 **רמת כניסה**: `entryLevel = 14.15` * 📊 **תנאי כניסה**: * סגירת מחיר **מעל 14.15** * נפח מסחר **גבוה ב־20% מהממוצע ל־20 הימים האחרונים** * 🔔 **התראה ויזואלית**: * סמל ירוק "Entry" מופיע מתחת לנר על הגרף * קווים קבועים לרמות יעד וסטופלוס * 🎯 **יעדי רווח**: * Target 1 – 15.15 * Target 2 – 16.00 * Target 3 – 17.00 * 🛑 **סטופלוס**: * שמרני: 13.20 * אגרסיבי: 12.80 * 🔔 **התראה אוטומטית** (`alertcondition`): תשלח הודעה: *"PONY פרצה מעל 14.15 עם מחזור גבוה – שקול כניסה לעסקה."* --- 📝 מתאים עבור: * סוחרי ניתוח טכני 🧮 * מי שמחפש כניסה מבוססת על פריצה + נפח 📊 * שימוש על גרף יומי בלבד 📅 --- 🧠 Script Summary: PONY Breakout Alert 📈 🔍 Objective: Detect a breakout above the 14.15 level accompanied by high trading volume, in order to identify a bullish trading opportunity. ⚙️ Script Components: 📌 Entry Level: entryLevel = 14.15 📊 Entry Conditions: Price closes above 14.15 Volume is 20% higher than the 20-day average 🔔 Visual Alert: A green "Entry" label appears below the bar on the chart Static horizontal lines mark targets and stop-loss levels 🎯 Profit Targets: Target 1 – 15.15 Target 2 – 16.00 Target 3 – 17.00 🛑 Stop Loss: Conservative: 13.20 Aggressive: 12.80 🔔 Automated Alert (alertcondition): Sends a message: "PONY has broken above 14.15 with high volume – consider a long position." 📝 Ideal For: Technical traders 🧮 Those seeking breakouts confirmed by volume 📊 Daily chart setups only 📅
Penunjuk Pine Script®
oleh omribensamon
Volume MA Breakout T3 [Teyo69]🧭 Overview Volume MA Breakout T3 highlights volume bars that exceed a dynamic moving average threshold. It helps traders visually identify volume breakouts—periods of significant buying or selling pressure—based on user-selected MA methods (SMA, EMA, DEMA). 🔍 Features Volume Highlighting: Green bars indicate volume breakout above the MA; red bars otherwise. Custom MA Options: Choose between SMA, EMA, or Double EMA for volume smoothing. Dynamic Threshold: The moving average line adjusts based on user-defined length and method. ⚙️ Configuration Length: Number of bars used for the moving average calculation (default: 14). Method: Type of moving average to use: "SMA" - Simple Moving Average "EMA" - Exponential Moving Average "Double EMA" - Double Exponential Moving Average 📈 How to Use Apply to any chart to visualize volume behavior relative to its MA. Look for green bars: These suggest volume is breaking out above its recent average—potential signal of momentum. Red bars indicate normal/subdued volume. ⚠️ Limitations Does not provide directional bias—use with price action or trend confirmation tools. Works best with additional context (e.g., support/resistance, candle formations). 🧠 Advanced Tips Use shorter MAs (e.g., 5–10) in volatile markets for more responsive signals. Combine with OBV, MFI, or accumulation indicators for confluence. 📌 Notes This is a volume-based filter, not a signal generator. Useful for breakout traders and volume profile enthusiasts. 📜 Disclaimer This script is for educational purposes only. Always test in a simulated environment before live trading. Not financial advice.
Penunjuk Pine Script®
oleh Teyo69
1
Opening Range Breakout (15 mins Range)Take the guesswork out of your trading with the Opening Range Breakout Pro script. This tool automatically marks the high and low of the first 15 minutes of the NYSE session, then highlights the first candle to break out above or below this range—removing ambiguity from your trade entries. The opening range is one of the most powerful concepts in day trading. By identifying the price range set during the market’s first minutes, you gain a clear framework for your trades. When price breaks out above the range, it often signals a strong bullish move; a break below signals bearish momentum. This script visually marks these moments, so you can react quickly and confidently. Why use Opening Range Breakout Pro? • Defined Entry and Exit Points: The script gives you clear, objective breakout levels—no more guessing when to enter a trade. • Removes Emotional Trading: With visual cues for breakouts, you can follow a systematic approach and avoid hesitation or FOMO. • Backtested, Time-Tested Strategy: The opening range breakout has been used by professional traders for decades to capture early trends and maximize profit potential. • High Reward Potential: By capitalizing on the volatility and momentum of the opening session, traders often catch the best moves of the day. • Easy to Use: Just add to your chart—no configuration needed. The script works on any NYSE stock, on a 5-minute chart. How it works: • Draws the opening 15-minute high and low as orange lines. • Labels the range prices for quick reference. • Marks the first candle to close above the range with an orange ▲, and the first to close below with an orange ▼. Take control of your trading day, remove uncertainty, and trade with confidence—just like the pros.
Penunjuk Pine Script®
oleh AhmedSalahuddin
ORB Breakout Indicator - NQ1!The purpose of this indicator is to assist traders in rapidly identifying high-probability Opening Range Breakout (ORB) setups on the NQ1! 1-minute time frame (Nasdaq Futures) Key Features: Opening Range: Automatically plots the high and low of the 1st 15min of the (NYSE session) (09:30–09:45 EST) Breakout Signals : Illustrates the first candle that breaks upward or downward and: Green arrow for a bullish breakout Red arrow for a bearish breakout Clean Visuals: Dynamic lines show the high and low of the ORB window for easy reference. (DON'T USE THIS ONLY FOR ENTRY SIGNALS, PAIR THIS WITH OTHER INFLUENCES TO GET HIGH PROBABILITY BREAKOUTS)
Penunjuk Pine Script®
oleh sandunmathers
2
NY Opening Range Breakout - MA StopCore Concept This strategy trades breakouts from the New York opening range (9:30-9:45 AM NY time) on intraday timeframes, designed for scalping and day trading. Setup Requirements Timeframe: Works on any timeframe under 15 minutes (1m, 2m, 3m, 5m, 10m) Session: New York market hours Range Period: 9:30-9:45 AM NY time (15-minute opening range) Entry Rules Long Entries: Wait for a candle to close above the opening range high Enter long on the next candle (before 12:00 PM NY time) Must be above moving average if using MA-based take profit Short Entries: Wait for a candle to close below the opening range low Enter short on the next candle (before 12:00 PM NY time) Must be below moving average if using MA-based take profit Risk Management Stop Loss: Long trades: Opening range low Short trades: Opening range high Take Profit Options: Fixed Risk Reward: 1.5x the range size (customizable ratio) Moving Average: Exit when price crosses back through MA Both: Whichever comes first Key Features Trade Direction Options: Long Only Short Only Both directions Moving Average Filter: Prevents entries that would immediately hit stop loss Uses EMA/SMA/WMA/VWMA with customizable length Acts as dynamic support/resistance Time Restrictions: No entries after 12:00 PM NY time (customizable cutoff) One trade per direction per day Daily reset of all variables Visual Elements Red/green lines showing opening range Purple line for moving average Entry and breakout signals with shapes Take profit and stop loss levels plotted Information table with current status Strategy Logic Flow Morning: Capture 9:30-9:45 range high/low Wait: Monitor for breakout (previous candle close outside range) Filter: Check MA condition if using MA-based exits Enter: Trade on next candle after breakout Manage: Exit at fixed TP, MA cross, or stop loss Reset: Start fresh next trading day This is a momentum-based breakout strategy that capitalizes on early market volatility while using the opening range as natural support/resistance levels.
Strategi Pine Script®
oleh shui2967
7
SMA Zone with Breakouts/Tests 1.0.This indicator plots a dynamic “SMA Zone” between two simple moving averages (one applied to lows, one to highs) and highlights key interaction points with the zone: Breakouts Bull Break: price closes above the upper SMA Bear Break: price closes below the lower SMA Requires confirmation via either above-average volume or an unusually wide bar (spread > ATR) closing near its extreme Tests & Retests After a breakout, the first re-entry into the zone edge is labeled “Test,” subsequent re-entries are numbered “Retest,” “2nd Retest,” etc. Zone Weakening: each additional Test/Retest signifies diminished zone strength—fewer reliable boundaries remain (Traditional S/R theory) Alerts Fires a unified “Zone Signal” alert on every Break, Test, and Retest (set condition to “Any alert() function call”). Disclaimer: This is not financial advice and should not be used as a standalone trading signal. It’s designed to draw your attention to important price-zone interactions so you can manually tune in. The logic can be further enhanced or combined with other indicators/algorithms as part of a more complex trading system.
Penunjuk Pine Script®
oleh Alex_Algo
1
1M Scalp Setup – 2ndHi/2ndLo Breakout1M Scalp Setup – 2ndHi/2ndLo Breakout This script is designed for 1-minute chart scalpers seeking high-probability intraday breakout setups based on early session price action. The strategy revolves around identifying the first high and low of the day, and then detecting the second breach (2nd high or 2nd low) to anticipate breakout entries. 🔍 Core Logic: EMA Filter : A configurable EMA (default 8-period) is plotted for trend context. 1st High/Low Detection : Captures the very first high and low of each trading day. 2nd High/Low Markers : Identifies the second time price breaks the initial high or low, acting as a potential signal zone. Breakout Signals : A Buy Signal is triggered when price closes above the 2nd high. A Sell Signal is triggered when price closes below the 2nd low. Each signal is only triggered once per day to reduce noise and avoid overtrading. 🖌️ Visual Markers: 1stHi and 1stLo : Early session levels (red and green). 2ndHi and 2ndLo : Key breakout reference points (purple and blue). B and S Labels : Buy and Sell triggers marked in real-time once breakouts occur. ⚙️ Inputs: EMA Length (default: 8) Customizable Colors for Buy/Sell signals and key markers This tool is best used in fast-moving markets or during high-volume sessions. Combine with volume or higher-timeframe confirmation for improved accuracy.
Penunjuk Pine Script®
oleh Boron555
1