PriorRange v0.3 [OmarxQQQ/dc_77]PriorRangeLevels is a versatile indicator that plots key price levels based on prior period ranges across multiple timeframes. This tool helps traders identify potential support, resistance, and breakout zones by displaying the High, Low, 75%, 50% (EQ), and 25% levels from the previous period.
Key Features:
- Multi-timeframe analysis from 1-minute to Monthly charts
- Time zone flexibility with options for major global markets (NYC, London, Tokyo, etc.)
- Customizable display for each level (High, Low, 75%, EQ, 25%, Open)
- Clean, organized settings interface with grouped options
- Anchor line marking the start of prior periods
- Current period open price reference
How It Works:
The indicator detects new periods based on your selected timeframe and calculates the range of the previous period. It then plots horizontal lines at the High, Low, and three internal levels (75%, 50%, 25%) extending forward by your specified number of bars. These levels serve as potential support/resistance zones and decision points for your trading strategy.
Trading Applications:
- Use High/Low levels as potential breakout targets or reversal zones
- Monitor price reaction to the EQ (50%) level to gauge trend strength
- Identify intraday support/resistance based on previous period ranges
- Plan entries and exits around established market structure
Each component can be individually customized with different line styles, colors, and widths to match your chart preferences and analytical needs.
Originally created by @dc_77 with enhanced organization, multi-timeframe capabilities, and improved user interface. As Requested by many people.
populi a populo pro populo
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Smoothed EMA LinesThe "Smoothed EMA Lines" script is a technical analysis tool designed to help traders identify trends and potential support/resistance levels in financial markets. The script plots exponential moving averages (EMAs) of the closing price for five commonly used time periods: 8, 13, 21, 55, and 200.
Key features of the script include:
Overlay: The EMAs are plotted directly on the price chart, making it easy to analyze the relationship between the moving averages and price action.
Smoothing: The script applies an additional smoothing function to each EMA, using a simple moving average (SMA) of a user-defined length. This helps to reduce noise and provide a clearer picture of the trend.
Customizable lengths: Users can easily adjust the length of each EMA and the smoothing period through the script's input parameters.
Color-coded plots: Each EMA is assigned a unique color (8: blue, 13: green, 21: orange, 55: red, 200: purple) for easy identification on the chart.
Traders can use the "Smoothed EMA Lines" script to:
Identify the overall trend direction (bullish, bearish, or neutral) based on the arrangement of the EMAs.
Spot potential support and resistance levels where the price may interact with the EMAs.
Look for crossovers between EMAs as potential entry or exit signals.
Combine the EMA analysis with other technical indicators and price action patterns for a more comprehensive trading strategy.
The "Smoothed EMA Lines" script provides a clear, customizable, and easy-to-interpret visualization of key exponential moving averages, helping traders make informed decisions based on trend analysis.
Vertical Lines at Specific Times### **Script Description**
This **Pine Script v6** indicator for **TradingView** plots **vertical dotted lines** at user-specified times, marking key time ranges during the day. It is designed to help traders visually track market movements within specific timeframes.
#### **Features:**
✔ **Custom Timeframes:**
- Two separate time ranges can be defined:
- **Morning Session:** (Default: 9 AM - 10 AM, New York Time)
- **Evening Session:** (Default: 9 PM - 10 PM, New York Time)
✔ **Adjustable Line Properties:**
- **Line Width:** Users can change the thickness of the vertical lines.
- **Line Colors:** Users can select different colors for morning and evening session lines.
✔ **New York Local Time Support:**
- Ensures that the vertical lines appear correctly based on **Eastern Time (ET)**.
✔ **Full-Height Vertical Lines:**
- Lines extend across the **entire chart**, from the highest high to the lowest low, for clear visibility.
- Uses **dotted line style** to avoid cluttering the chart.
#### **How It Works:**
1. The script retrieves the **current date** (year, month, day) in **New York time**.
2. Converts the **user-defined input times** into **timestamps** for accurate placement.
3. When the current time matches a specified session time, a **dotted vertical line** is drawn.
4. The script **repeats this process daily**, ensuring automatic updates.
#### **Customization Options (Inputs):**
- **Morning Start & End Time** (Default: 9 AM - 10 AM)
- **Evening Start & End Time** (Default: 9 PM - 10 PM)
- **Line Width** (Default: 2)
- **Morning Line Color** (Default: Blue)
- **Evening Line Color** (Default: Green)
#### **Use Case Scenarios:**
📈 Marking market **open & close** hours.
📊 Highlighting **key trading sessions** for day traders.
🔎 Identifying time-based **price action patterns**.
Multi-Ticker RS vs SPYThis Pine Script, titled "Multi-Ticker RS vs SPY," is a clean and efficient indicator designed for TradingView, enabling traders to monitor the relative strength (RS) of up to 10 ticker symbols compared to the S&P 500 ETF (SPY) on a single chart. Ideal for options traders, such as those managing a $1,400 account, it provides a simple way to assess which stocks are outperforming or underperforming the broader market. As of February 26, 2025, the script supports any chart timeframe, such as 5-minute or daily intervals, and calculates RS based on a user-defined lookback period, defaulting to 1 bar for real-time insights.
Users can input ticker symbols via customizable settings, with defaults set to popular stocks like AAPL, TSLA, NVDA, GOOGL, AMZN, MSFT, FB, NFLX, INTC, and PYPL. The script fetches closing prices for each ticker and SPY, computes their percentage changes over the lookback period, and determines RS as the ratio of each ticker’s change to SPY’s change, handling division by zero gracefully. It displays each ticker’s current RS score in a vertical column of labels on the chart’s top-left corner, updated on the last bar to avoid clutter. Users can adjust label size (tiny, small, normal, large) and text color for visibility, ensuring a tailored, error-free experience for quick market analysis.
Dynamic Square Levels**Dynamic Square Levels with Strict Range Condition**
This script is designed to help traders visualize dynamic price levels based on the square root of the current price. It calculates key levels above and below the current price, providing a clear view of potential support and resistance zones. The script is highly customizable, allowing you to adjust the number of levels, line styles, and label settings to suit your trading strategy.
---
### **Key Features**:
1. **Dynamic Square Levels**:
- Calculates price levels based on the square root of the current price.
- Plots levels above and below the current price for better market context.
2. **Range Condition**:
- Lines are only drawn when the current price is closer to the base level (`square(base_n)`) than to the next level (`square(base_n + 1)`).
- Ensures levels are only visible when they are most relevant.
3. **Customizable Levels**:
- Choose the number of levels to plot (up to 20 levels).
- Toggle additional levels (e.g., 0.25, 0.5, 0.75) for more granular analysis.
4. **Line and Label Customization**:
- Adjust line width, style (solid, dashed, dotted), and extend direction (left, right, both, or none).
- Customize label text, size, and position for better readability.
5. **Background Highlight**:
- Highlights the background when the current price is closer to the base level, providing a visual cue for key price zones.
---
### **How It Works**:
- The script calculates the square root of the current price and uses it to generate dynamic levels.
- Levels are plotted above and below the current price, with customizable spacing.
- Lines and labels are only drawn when the current price is within a specific range, ensuring clean and relevant visuals.
---
### **Why Use This Script?**:
- **Clear Visuals**: Easily identify key support and resistance levels.
- **Customizable**: Tailor the script to your trading style with adjustable settings.
- **Efficient**: Levels are only drawn when relevant, avoiding clutter on your chart.
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### **Settings**:
1. **Price Type**: Choose the price source (Open, High, Low, Close, HL2, HLC3, HLCC4).
2. **Number of Levels**: Set the number of levels to plot (1 to 20).
3. **Line Style**: Choose between solid, dashed, or dotted lines.
4. **Line Width**: Adjust the thickness of the lines (1 to 5).
5. **Label Settings**: Customize label text, size, and position.
---
### **Perfect For**:
- Traders who rely on dynamic support and resistance levels.
- Those who prefer clean and customizable chart visuals.
- Anyone looking to enhance their price action analysis.
---
**Get started today and take your trading to the next level with Dynamic Square Levels!** 🚀
Previous Day's Close Indicator (Regular Hours)This indicator was developed to replace TradingView's built-in previous close indicator—which erroneously uses the close from two trading days prior. By capturing the actual last trade during the standard session, this script provides a reliable and precise previous close level.
Key features include:
Accurate Previous Close: This indicator locks in the last trade of the regular session, ensuring you always see the true previous day close.
Customizable Display Options: Users can choose between a line or circle plot, with adjustable size settings to suit their charting preferences.
Enjoy!
Sniper TradingSniper Trader Indicator Overview
Sniper Trader is a comprehensive trading indicator designed to assist traders by providing valuable insights and alerting them to key market conditions. The indicator combines several technical analysis tools and provides customizable inputs for different strategies and needs.
Here’s a detailed breakdown of all the components and their functions in the Sniper Trader indicator:
1. MACD (Moving Average Convergence Divergence)
The MACD is a trend-following momentum indicator that helps determine the strength and direction of the current trend. It consists of two lines:
MACD Line (Blue): Calculated by subtracting the long-term EMA (Exponential Moving Average) from the short-term EMA.
Signal Line (Red): The EMA of the MACD line, typically set to 9 periods.
What does it do?
Buy Signal: When the MACD line crosses above the signal line, it generates a buy signal.
Sell Signal: When the MACD line crosses below the signal line, it generates a sell signal.
Zero Line Crossings: Alerts are triggered when the MACD line crosses above or below the zero line.
2. RSI (Relative Strength Index)
The RSI is a momentum oscillator used to identify overbought or oversold conditions in the market.
Overbought Level (Red): The level above which the market might be considered overbought, typically set to 70.
Oversold Level (Green): The level below which the market might be considered oversold, typically set to 30.
What does it do?
Overbought Signal: When the RSI crosses above the overbought level, it’s considered a signal that the asset may be overbought.
Oversold Signal: When the RSI crosses below the oversold level, it’s considered a signal that the asset may be oversold.
3. ATR (Average True Range)
The ATR is a volatility indicator that measures the degree of price movement over a specific period (14 bars in this case). It provides insights into how volatile the market is.
What does it do?
The ATR value is plotted on the chart and provides a reference for potential market volatility. It's used to detect flat zones, where the price may not be moving significantly, potentially indicating a lack of trends.
4. Support and Resistance Zones
The Support and Resistance Zones are drawn by identifying key swing highs and lows over a user-defined look-back period.
Support Zone (Green): Identifies areas where the price has previously bounced upwards.
Resistance Zone (Red): Identifies areas where the price has previously been rejected or reversed.
What does it do?
The indicator uses swing highs and lows to define support and resistance zones and highlights these areas on the chart. This helps traders identify potential price reversal points.
5. Alarm Time
The Alarm Time feature allows you to set a custom time for the indicator to trigger an alarm. The time is based on Eastern Time and can be adjusted directly in the inputs tab.
What does it do?
It triggers an alert at a user-defined time (for example, 4 PM Eastern Time), helping traders close positions or take specific actions at a set time.
6. Market Condition Display
The Market Condition Display shows whether the market is in a Bullish, Bearish, or Flat state based on the MACD line’s position relative to the signal line.
Bullish (Green): The market is in an uptrend.
Bearish (Red): The market is in a downtrend.
Flat (Yellow): The market is in a range or consolidation phase.
7. Table for Key Information
The indicator includes a customizable table that displays the current market condition (Bull, Bear, Flat). The table is placed at a user-defined location (top-left, top-right, bottom-left, bottom-right), and the appearance of the table can be adjusted for text size and color.
8. Background Highlighting
Bullish Reversal: When the MACD line crosses above the signal line, the background is shaded green to highlight the potential for a trend reversal to the upside.
Bearish Reversal: When the MACD line crosses below the signal line, the background is shaded red to highlight the potential for a trend reversal to the downside.
Flat Zone: A flat zone is identified when volatility is low (ATR is below the average), and the background is shaded orange to signal periods of low market movement.
Key Features:
Customizable Time Inputs: Adjust the alarm time based on your local time zone.
User-Friendly Table: Easily view market conditions and adjust display settings.
Comprehensive Alerts: Receive alerts for MACD crossovers, RSI overbought/oversold conditions, flat zones, and the custom alarm time.
Support and Resistance Zones: Drawn automatically based on historical price action.
Trend and Momentum Indicators: Utilize the MACD and RSI for identifying trends and market conditions.
How to Use Sniper Trader:
Set Your Custom Time: Adjust the alarm time to match your trading schedule.
Monitor Market Conditions: Check the table for real-time market condition updates.
Use MACD and RSI Signals: Watch for MACD crossovers and RSI overbought/oversold signals.
Watch for Key Zones: Pay attention to the support and resistance zones and background highlights to identify market turning points.
Set Alerts: Use the built-in alerts to notify you of buy/sell signals or when it’s time to take action at your custom alarm time.
Time-based Alerts for Trading Windows🌟 Time-based Alerts for Trading Windows 🌐📈
This is a re-uploaded script as the previous one got hidden.
This Time-based Alerts for Trading Windows script is a highly customizable and reliable tool designed to assist traders in managing automated strategies or manually monitoring specific market conditions. Inspired by CrossTrade's Time-based Alert, this script is tailored for those who rely on precise time windows to trigger actions, such as sending webhook signals or managing Expert Advisors (EAs).
Whether you are a scalper, day trader, or algorithmic trader, this script empowers you to stay on top of your trades with fully customizable time-based alerts.
🛠️ Customizable Time Alerts
This indicator allows you to create up to 12 unique time windows by specifying the exact hour and minute for each alert. Each time window corresponds to an individual alert condition, making it perfect for managing trades during specific market sessions or key time periods.
For example:
Alert 1 can be set at 9:30 AM (market open).
Alert 2 can be set at 3:55 PM (just before market close).
Each alert can be toggled on or off in the indicator settings, allowing you to manage alerts without having to reconfigure your script.
You can adjust the colours to fit any colour scheme you like!
🕒 Odd and Even Time Alerts
The script comes with three built-in alert type categories:
Odd Alerts (marked with a green triangle on the chart): These correspond to odd-numbered inputs like Alert 1, Alert 3, Alert 5, and so on.
Even Alerts (marked with a red triangle on the chart): These correspond to even-numbered inputs like Alert 2, Alert 4, Alert 6, and so on.
You can also customize all 12 alerts individually to include a custom alert message
These alerts serve as a convenient way to differentiate between multiple trading strategies or market conditions. You can customize alert messages for odd and even alerts directly from TradingView’s alert panel.
🔗 Webhook Integration for Automation
This script is fully compatible with webhook-based automation. By configuring your alerts in TradingView, you can send signals to trading bots, EAs, or any third-party system. For example, you can:
Turn off an EA at a specific time (e.g., 3:55 PM EST).
Send buy/sell signals to your bot during predefined trading windows.
Simply use TradingView’s alert message editor to format webhook payloads for your automation system.
🌐 Timezone Flexibility
Trading happens across multiple time zones, and this script accounts for that. You can toggle between:
Eastern Time (New York): Ideal for most US-based markets.
Central Time (Exchange): Useful for futures and commodities traders.
This ensures your alerts are always in sync with your preferred time zone, eliminating confusion.
🎨 Visual Indicators
The script plots visual markers directly on your chart to indicate active alerts:
Up Facing Triangles: Represent odd-numbered alerts, providing a quick reference for these time windows.
Down Facing Triangles: Represent even-numbered alerts, helping you track different strategies or conditions.
These visual markers make it easy to see when alerts are triggered, even at a glance.
📈 Practical Use Case
Let’s say you’re trading the USTEC index on a 1-minute chart. You want to:
Turn off your trading bot at 16:55 EST to avoid after-market volatility.
Trigger a re-entry signal at 17:30 EST to capture moves during the Asian session.
Visually monitor these actions on your chart for easy reference.
This script makes it possible with precision alerts and webhook integration. Simply configure the time windows in the settings and set up your alerts in TradingView.
🚨 How to Set Up Alerts
Enable or Disable Alerts: Use the script’s settings to toggle specific alerts on or off as needed.
Set Custom Time Windows: Define the hour and minute for each alert in the settings panel.
Create Alerts in TradingView:
Go to the TradingView alert panel.
Select the condition (e.g., "Odd Time-based Alert (Green)" or "Even Time-based Alert (Red)").
Customize the alert message for webhook integration or personal notification.
Choose the trigger type: Once Per Bar or Once Per Bar Close to keep the alert active.
Integrate with Webhooks: Use the alert message field to format payloads for automation systems like MT4, MT5, or third-party bots.
📋 Key Notes
Alerts can trigger indefinitely if set to "Once Per Bar" or "Once Per Bar Close".
Always ensure the expiration date is set far in the future to avoid unexpected alert deactivation.
Test webhook messages and alert configurations thoroughly before using them in live trading.
This script is a powerful addition to your trading toolbox, offering precision, flexibility, and automation capabilities. Whether you’re turning off an EA, managing trades during market sessions, or automating strategies via webhooks, this script is here to support you.
Start using the Time-based Alerts for Trading Windows today and trade with confidence! 🚀✨
Multi-Timeframe Open LinesThe Multi-Timeframe Open Lines indicator is designed to help traders visualize key price levels at the open of specific time intervals. It draws horizontal lines at the open of 5-minute, 15-minute, 30-minute, and hourly candles, extending these lines to the start of the next respective interval. Traders can now control which timeframes are displayed and how many past opening lines are shown, ensuring a clean and organized chart.
Key Features:
Customizable Lines:
5-Minute Lines: Highlight the open of every 5-minute candle, ending at the start of the next 5-minute candle.
15-Minute Lines: Highlight the open of every 15-minute candle, ending at the start of the next 15-minute candle.
30-Minute Lines: Highlight the open of every 30-minute candle, ending at the start of the next 30-minute candle.
Hourly Lines: Highlight the open of every hourly candle, ending at the start of the next hourly candle.
Each timeframe's lines can be customized in terms of color, line style, and thickness.
Toggle Options:
Easily turn on or off the display of lines for each timeframe (5m, 15m, 30m, 1h) using checkboxes in the settings.
User-Defined Limits:
Control the number of past opening lines displayed for each timeframe (5m, 15m, 30m, 1h).
Prevents chart clutter by limiting the number of visible lines.
Multi-Timeframe Analysis:
Enables traders to analyze price action across multiple timeframes simultaneously, providing a clearer picture of market structure and key levels.
User-Friendly Inputs:
Easy-to-use settings for customizing line appearance and behavior, ensuring the indicator fits seamlessly into any trading strategy.
How to Use:
Apply the indicator to your chart to visualize the open price levels for 5-minute, 15-minute, 30-minute, and hourly candles.
Use the lines as dynamic support/resistance levels or to identify potential breakout/breakdown points.
Customize the colors, styles, and the number of visible lines to match your chart theme or trading preferences.
Toggle specific timeframes on or off to focus on the most relevant price levels.
Ideal For:
Traders who use multi-timeframe analysis.
Those who rely on key price levels for decision-making.
Anyone looking to enhance their chart with clear, customizable reference lines while avoiding clutter.
MTF Support & Resistance📌 Multi-Timeframe Support & Resistance (MTF S&R) Indicator
🔎 Overview:
The MTF Support & Resistance Indicator is a powerful tool designed to help traders identify critical price levels where the market is likely to react. This indicator automatically detects support and resistance zones based on a user-defined lookback period and extends these levels dynamically on the chart. Additionally, it provides multi-timeframe (MTF) support and resistance zones, allowing traders to view higher timeframe key levels alongside their current timeframe.
Support and resistance levels are crucial for traders as they help in determining potential reversal points, breakout zones, and trend continuation signals. By incorporating multi-timeframe analysis, this indicator enhances decision-making by providing a broader perspective of price action.
✨ Key Features & Benefits:
✅ Automatic Support & Resistance Detection – No need to manually plot levels; the indicator calculates them dynamically based on historical price action.
✅ Multi-Timeframe (MTF) Levels – Enables traders to see higher timeframe S&R levels on their current chart for better trend confirmation.
✅ Customizable Lookback Period – Adjust sensitivity by modifying the number of historical bars considered when calculating support and resistance.
✅ Color-Coded Visualization –
Green Line → Support on the current timeframe
Red Line → Resistance on the current timeframe
Dashed Blue Line → Higher timeframe support
Dashed Orange Line → Higher timeframe resistance
✅ Dynamic Extension of Levels – Levels extend left and right for better visibility across multiple bars.
✅ Real-Time Updates – Automatically refreshes as new price data comes in.
✅ Non-Repainting – Ensures reliable support and resistance levels that do not change after the bar closes.
📈 How to Use the Indicator:
Identify Key Price Levels:
The green line represents support, where price may bounce.
The red line represents resistance, where price may reject.
The blue dashed line represents support on a higher timeframe, making it a stronger level.
The orange dashed line represents higher timeframe resistance, helping identify major breakout zones.
Trend Trading:
Look for price action around these levels to confirm breakouts or reversals.
Combine with trend indicators (like moving averages) to validate trade entries.
Range Trading:
If the price is bouncing between support and resistance, consider range trading strategies (buying at support, selling at resistance).
Breakout Trading:
If the price breaks above resistance, it could indicate a bullish trend continuation.
If the price breaks below support, it could signal a bearish trend continuation.
⚙️ Indicator Settings:
Lookback Period: Determines the number of historical bars used to calculate support and resistance.
Show Higher Timeframe Levels (MTF): Enable/disable MTF support and resistance levels.
Extend Bars: Extends the drawn lines for better visualization.
Support/Resistance Colors: Allows users to customize the appearance of the lines.
⚠️ Important Notes:
This indicator does NOT generate buy/sell signals—it serves as a technical tool to improve trading analysis.
Best Used With Other Indicators: Consider combining it with volume, moving averages, RSI, or price action strategies for more reliable trade setups.
Works on Any Market & Timeframe: Forex, stocks, commodities, indices, and cryptocurrencies.
Use Higher Timeframe Levels for Stronger Confirmations: If a higher timeframe support/resistance level aligns with a lower timeframe level, it may indicate a stronger price reaction.
🎯 Who Should Use This Indicator?
📌 Scalpers & Day Traders – Identify short-term support and resistance levels for quick trades.
📌 Swing Traders – Utilize higher timeframe levels for position entries and exits.
📌 Trend Traders – Confirm breakout zones and key price levels for trend-following strategies.
📌 Reversal Traders – Spot potential reversal zones at significant S&R levels.
Volume HighlightBar colouring: this indicator is simple but effective, it repaints higher than normal candles a certain colour (by default gold/yellow) it helps to know what are valuable areas to trade around for longs and shorts.
Changing the volume multiplier manually helps you to screen volume relevant to the timeframe you are trading on.
For example, some charts 1min the best filter/setting would be 12-35 multiplier where others like btc 1-4 hourly, the filter/setting might be 8-12.
The key is having only the highest/most relevant 3-4 volume candles showing as they often represent supports and resistances.
Highs&Lows by HourHighs & Lows by Hour
Description:
Highs & Lows by Hour is a TradingView indicator that helps traders identify the most frequent hours at which daily high and low price points occur. By analyzing historical price data directly from the TradingView chart, this tool provides valuable insights into market timing, allowing traders to optimize their strategies around key price movements.
This indicator is specifically designed for the one-hour (H1) timeframe . It does not display any data on other timeframes , as it relies on analyzing daily highs and lows within hourly periods.
This indicator processes the available data based on the number of historical bars loaded in the TradingView chart. The number of analyzed bars depends on the TradingView subscription plan , which determines how much historical data is accessible.
Key Features:
Works exclusively on the H1 timeframe , ensuring accurate analysis of daily highs and lows
Hourly highs and lows analysis to identify the most frequent hours when the market reaches its daily high and low
Sorted by frequency, displaying the most significant trading hours in descending order based on their recurrence
Customizable table and colors to fit the chart theme and trading style
Useful for scalpers, day traders, and swing traders to anticipate potential price reversals and breakouts
How It Works:
The indicator scans historical price data directly from the TradingView chart to detect the hour at which daily highs and daily lows occur.
It counts the frequency of highs and lows for each hour of the trading day based on the number of available bars in the TradingView chart.
The recorded data is displayed in a structured table, sorted by frequency from highest to lowest.
Users can customize colors to enhance readability and seamlessly integrate the indicator into their analysis.
Why Use This Indicator?
Identify key market patterns by recognizing the most critical hours when price extremes tend to form
Improve timing for trades by aligning entries and exits with high-probability time windows
Enhance market awareness by understanding when market volatility is likely to peak based on historical trends
Important Notes:
This indicator works only on the one-hour (H1) timeframe . It will not display any data on other timeframes
Works well on Forex, stocks, crypto, and futures , especially for intraday traders
The indicator analyzes only the historical bars available on the TradingView chart, which varies depending on the TradingView subscription plan (Free, Pro, Pro+, Premium)
This indicator does not generate buy or sell signals but serves as a data-driven tool for market analysis
How to Use:
Apply the Highs & Lows by Hour indicator to a one-hour (H1) chart on TradingView
Review the table displaying the most frequent hours for daily highs and lows
Adjust colors and settings for better visualization
Use the data to refine trading decisions and align strategy with historical price behavior
Pivot Breakouts with MA FilterPivot Breakouts with MA Filter
This script identifies pivot breakouts (both bullish and bearish) using support and resistance levels and overlays breakout labels, arrows, and customizable Moving Averages. It allows traders to fine-tune their analysis with multiple options to customize the display and behavior of the breakout signals.
Key Features:
Pivot Support and Resistance:
Support is defined by the lowest low in a given range (using the lookback period).
Resistance is defined by the highest high in a given range (using the lookback period).
The script draws support and resistance boxes on the chart when these levels change, providing clear visual markers for potential breakout areas.
Breakout Detection:
Bullish Breakout: A breakout above resistance and the price is above the selected moving average (MA).
Bearish Breakout: A breakdown below support and the price is below the selected MA.
Breakout events trigger labels indicating "Resistance Breakout" (for bullish) and "Support Breakout" (for bearish).
The option to show Breakout Labels (with customizable colors) is available in the settings.
Moving Average Filter:
You can select the type of moving average (SMA or EMA) to use for filtering breakout signals.
MA Filter Length: This input allows you to set the period of the moving average to act as a filter for breakout conditions. This helps ensure the breakout aligns with the broader trend.
Multiple Moving Averages (Optional):
You can add up to four different moving averages (SMA or EMA), each with its own length and color.
You have the option to toggle each moving average on or off and adjust their appearance settings (color and length).
The script supports dynamic plots for each moving average, helping to visualize multiple trends at once.
Breakout Arrows:
The script can display arrows (or other shapes) below the bar for bullish breakouts and above the bar for bearish breakouts.
Arrows are optional and can be turned on/off in the settings.
You can customize the shape of the arrows (e.g., arrow, circle, square, or even a large or small triangle).
Customizable Colors and Labels:
The color of the breakout labels and arrows can be customized in the settings to make them fit your chart's style and personal preferences.
Alerts:
Alerts can be set for new support and resistance levels, as well as when breakouts occur (either bullish or bearish).
The alert system helps to notify traders when significant price action takes place without needing to constantly monitor the chart.
Settings:
Select Moving Average Type (SMA or EMA)
MA Filter Length: Length of the moving average used for filtering breakout conditions.
Lookback Range: Determines the range over which the pivot points (support and resistance) are calculated.
Breakout Labels: Option to turn on/off breakout labels, and customize label colors.
Show Breakout Arrows: Enable or disable breakout arrows with shape options (arrow, circle, square, large triangle, small triangle).
Multiple Moving Averages: Option to show up to 4 MAs with customizable colors and lengths.
John Bob-Trading-BotDeveloped by Ayebale John Bob with the help of his bestie, this innovative strategy combines advanced Smart Money Concepts with practical risk management tools to help traders identify and capitalize on key market moves.
Key Features:
Smart Money Concepts & Fair Value Gaps (FVG):
The strategy monitors price action for fair value gaps, which are visualized as extremely faint horizontal lines on the chart. These FVGs signal potential areas where institutional traders might have entered or exited positions.
Dynamic Entry Signals:
Buy signals are triggered when the price crosses above the 50-bar lowest low or when a bullish FVG is detected. Conversely, sell signals are generated when the price falls below the 50-bar highest high or a bearish FVG is identified. Each signal is visually marked on the chart with clear buy (green) and sell (red) labels.
Multi-Level Order Execution:
Once an entry signal occurs, the strategy places five separate orders, each with its own take-profit (TP) level. The TP levels are calculated dynamically using the Average True Range (ATR) and a set of predefined multipliers. This allows traders to scale out of positions as the market moves favorably.
Dynamic Risk Management:
A stop-loss is automatically set at a distance determined by the ATR, ensuring that risk is managed in accordance with current market volatility.
Real-Time Trade Information Table:
In the bottom-right corner of the chart, a trade information table displays essential details about the current trade:
Side: Displays "BUY NOW" (with a dark green background) for long entries or "SELL NOW" (with a dark red background) for short entries.
Entry Price & Stop-Loss: Shows the entry price (highlighted in green) and the corresponding stop-loss level (highlighted in red).
Take-Profit Levels: Lists the five TP levels, each of which turns green once the market price reaches that target.
Timer: A live timer in minutes counts from the moment the current trade trigger started, helping traders track the duration of their active trades.
Visual Progress Bar:
A histogram-style progress bar is plotted on the chart, visually representing the percentage gain (or loss) relative to the entry price.
This strategy was meticulously designed to incorporate both technical analysis and smart risk management, offering a robust trading solution that adapts to changing market conditions. Whether you're a seasoned trader or just starting out, the AyebaleJohnBob Trading Bot equips you with the tools and visual cues needed to make well-informed trading decisions. Enjoy a seamless blend of strategy and style—crafted with passion by Ayebale John Bob and his bestie!
[COG] Advanced School Run StrategyAdvanced School Run Strategy (ASRS) – Explanation
Overview: The Advanced School Run Strategy (ASRS) is an intraday trading approach designed to identify breakout opportunities based on specific time and price patterns. This script applies the concepts of the Advanced School Run Strategy as outlined in Tom Hougaard's research, adapted to work seamlessly on TradingView charts. It leverages 5-minute candlestick data to set actionable breakout levels and provides traders with visual cues and alerts to make informed decisions.
Features:
Dynamic Breakout Levels: Automatically calculates high and low levels based on the market's behavior during the initial trading minutes.
Custom Visualization: Highlights breakout zones with customizable colors and transparency, providing clear visual feedback for bullish and bearish breakouts.
Configurable Alerts: Includes alert conditions for both bullish and bearish breakouts, ensuring traders never miss a trading opportunity.
Reset Logic: Resets breakout levels daily at the market open to ensure accurate signal generation for each session.
How It Works:
The script identifies key levels (high and low) after a configurable number of minutes from the market open (default: 25 minutes).
If the price breaks above the high level or below the low level, a corresponding breakout is detected.
The script draws breakout zones on the chart and triggers alerts based on the breakout direction.
All levels and signals reset at the start of each new trading session, maintaining relevance to current market conditions.
Customization Options:
Line and box colors for bullish and bearish breakouts.
Transparency levels for breakout visualizations.
Alert settings to receive notifications for detected breakouts.
Acknowledgment: This script is inspired by Tom Hougaard's Advanced School Run Strategy. The methodology has been translated into Pine Script for TradingView users, adhering to TradingView’s policies and community guidelines. This script does not redistribute proprietary content from the original research but implements the principles for educational and analytical purposes.
IB of New Hour (Customizable)Purpose: Tracks first x candles of each hour to define a price range
Customizable settings:
Border color of the IB box
Fill color of the IB box
Number of candles to define IB
Box width in hours (1-24)
Functionality:
Calculates highest high and lowest low for specified number of candles
Creates a rectangular box representing the initial balance
Adapts to different timeframes (1, 5, 15, 30, 60-minute charts)
Limits storage of boxes to prevent memory overload
Box Placement:
Starts at first candle of the hour
Width calculated based on current timeframe and user-specified hours
Maintains consistent visual representation across different chart timeframes
Indicator for helping you with bias
Breakout Detection using EMAs and Mansfield Relative StrengthThis script identifies breakout opportunities based on a combination of price action, volume, and relative strength. It is designed for daily timeframe charts and helps traders pinpoint strong bullish setups with the following criteria:
Price Action: Stock price is above both the 10-day EMA and 5-week EMA.
EMA Trends: The 10-day EMA is above the 20-day EMA, and the 5-week EMA is above the 10-week EMA, confirming bullish momentum.
Customizable Parameters: Customize the index for the Mansfield Relative Strength, the volume multiplier, and the price breakout look-back period.
Price Breakout: The price is at a 3-month high, indicating strength.
Volume Breakout: A volume spike occurs, surpassing the 20-day average volume by a user-defined multiplier.
Features:
Generates clear breakout signals with a green triangle below the bar.
Integrated Mansfield Relative Strength for relative performance analysis.
Alerts for when all conditions are met, ensuring you never miss an opportunity.
How to Use:
Add this script to a daily chart of your chosen stock.
Look for green triangle signals indicating a potential breakout.
Adjust the parameters to suit your trading strategy and preferred index for the Mansfield Relative Strength.
This tool is ideal for swing traders looking to combine technical analysis with relative strength metrics for high-conviction bullish setups.
AI indicatorThis script is a trading indicator designed for future trading signals on the TradingView platform. It uses a combination of the Relative Strength Index (RSI) and a Simple Moving Average (SMA) to generate buy and sell signals. Here's a breakdown of its components and logic:
1. Inputs
The script includes configurable inputs to make it adaptable for different market conditions:
RSI Length: Determines the number of periods for calculating RSI. Default is 14.
RSI Overbought Level: Signals when RSI is above this level (default 70), indicating potential overbought conditions.
RSI Oversold Level: Signals when RSI is below this level (default 30), indicating potential oversold conditions.
Moving Average Length: Defines the SMA length used to confirm price trends (default 50).
2. Indicators Used
RSI (Relative Strength Index):
Measures the speed and change of price movements.
A value above 70 typically indicates overbought conditions.
A value below 30 typically indicates oversold conditions.
SMA (Simple Moving Average):
Used to smooth price data and identify trends.
Price above the SMA suggests an uptrend, while price below suggests a downtrend.
3. Buy and Sell Signal Logic
Buy Condition:
The RSI value is below the oversold level (e.g., 30), indicating the market might be undervalued.
The current price is above the SMA, confirming an uptrend.
Sell Condition:
The RSI value is above the overbought level (e.g., 70), indicating the market might be overvalued.
The current price is below the SMA, confirming a downtrend.
These conditions ensure that trades align with market trends, reducing false signals.
4. Visual Features
Buy Signals: Displayed as green labels (plotshape) below the price bars when the buy condition is met.
Sell Signals: Displayed as red labels (plotshape) above the price bars when the sell condition is met.
Moving Average Line: A blue line (plot) added to the chart to visualize the SMA trend.
5. How It Works
When the buy condition is true (RSI < 30 and price > SMA), a green label appears below the corresponding price bar.
When the sell condition is true (RSI > 70 and price < SMA), a red label appears above the corresponding price bar.
The blue SMA line helps to visualize the overall trend and acts as confirmation for signals.
6. Advantages
Combines Momentum and Trend Analysis:
RSI identifies overbought/oversold conditions.
SMA confirms whether the market is trending up or down.
Simple Yet Effective:
Reduces noise by using well-established indicators.
Easy to interpret for beginners and experienced traders alike.
Customizable:
Parameters like RSI length, oversold/overbought levels, and SMA length can be adjusted to fit different assets or timeframes.
7. Limitations
Lagging Indicator: SMA is a lagging indicator, so it may not capture rapid market reversals quickly.
Not Foolproof: No trading indicator can guarantee 100% accuracy. False signals can occur in choppy or sideways markets.
Needs Volume Confirmation: The script does not consider trading volume, which could enhance signal reliability.
8. How to Use It
Copy the script into TradingView's Pine Editor.
Save and add it to your chart.
Adjust the RSI and SMA parameters to suit your preferred asset and timeframe.
Look for buy signals (green labels) in uptrends and sell signals (red labels) in downtrends.
ELC Indicator**ELC Indicator – Enigma Liquidity Concept**
The ELC Indicator is a cutting-edge tool designed for traders who want to leverage price action and liquidity concepts for high-precision trading opportunities. Unlike conventional indicators that rely purely on trend-following or oscillatory methods, ELC incorporates a unique combination of market structure, Fibonacci retracement levels, and dynamic EMA filtering to detect key buy and sell zones. This original approach helps traders capture the most relevant market movements and anticipate potential reversals with higher confidence.
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### **What the ELC Indicator Does**
The primary goal of the ELC Indicator is to identify liquidity zones and plot Fibonacci-based levels around detected buy or sell signals. It continuously monitors price action to identify instances where significant liquidity grabs occur, signaled by breakouts beyond recent highs or lows. Once a signal is detected, the indicator plots horizontal lines at key Fibonacci ratios (0%, 25%, 50%, 75%, 100%, 120%, and 180%) to give traders a clear visual framework for potential retracement or extension levels.
Additionally, the indicator includes a dynamic EMA filter, which ensures that buy signals are only triggered when the price is above the EMA and sell signals when the price is below the EMA. This filtering mechanism helps reduce false signals in choppy markets and aligns trades with the broader trend direction.
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### **Key Features**
1. **Buy & Sell Signals**
- Buy signals are generated when a liquidity grab occurs below the previous low, and the closing price is above the candle body midpoint and the EMA.
- Sell signals are triggered when a liquidity grab occurs above the previous high, and the closing price is below the candle body midpoint and the EMA.
- Visual cues are provided via small upward (green) and downward (red) triangles on the chart.
2. **Fibonacci Levels**
- For each buy or sell signal, the indicator plots multiple horizontal lines at key Fibonacci levels. These levels can help traders set realistic profit targets and stop-loss levels.
- The plotted lines can be customized in terms of style (solid, dotted, dashed) and color (buy and sell line colors).
3. **Dynamic EMA Filtering**
- A customizable EMA filter is integrated into the logic to align trades with the prevailing trend.
- The EMA length is adjustable, allowing traders to fine-tune the indicator based on their trading style and market conditions.
4. **Alert System**
- Alerts can be enabled for both buy and sell signals, ensuring traders never miss an opportunity even when away from the screen.
- Alerts are triggered once per bar, ensuring timely notifications without excessive noise.
5. **Customizable Signal Visibility**
- Traders can toggle the visibility of the last 9 buy and sell signals. When this option is disabled, only the most recent signal is displayed, helping to declutter the chart.
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### **How to Use the ELC Indicator**
- **Trend Following**: The ELC Indicator works well in trending markets by filtering signals based on the EMA direction. Traders can use the plotted Fibonacci levels to enter trades, set profit targets, and manage risk.
- **Reversal Trading**: The liquidity grab detection mechanism allows traders to capture potential market reversals. By waiting for price retracements to key Fibonacci levels after a signal, traders can enter trades with a favorable risk-to-reward ratio.
- **Scalping & Day Trading**: With its ability to plot key intraday levels and generate real-time alerts, the ELC Indicator is particularly useful for scalpers and day traders looking to exploit short-term market inefficiencies.
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### **Concepts Underlying the Calculations**
1. **Liquidity Grabs**: The ELC Indicator’s core logic is based on detecting instances where the market moves beyond a recent high or low, triggering a liquidity grab. This often signals a potential reversal or continuation, depending on broader market conditions.
2. **Fibonacci Ratios**: Once a signal is detected, key Fibonacci levels are plotted to provide traders with actionable zones for trade entries, profit targets, or stop-loss placements.
3. **EMA Filtering**: The EMA acts as a dynamic trend filter, ensuring that signals are aligned with the dominant market direction. This reduces the likelihood of entering trades against the prevailing trend.
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### **Why ELC is Unique**
The ELC Indicator stands out by combining multiple powerful trading concepts—liquidity, Fibonacci ratios, and EMA filtering—into a single tool that provides actionable and visually intuitive information. Unlike traditional trend-following indicators that lag behind price action, ELC proactively identifies key market turning points based on liquidity events. Its customizable features, real-time alerts, and comprehensive plotting of Fibonacci levels make it a versatile tool for traders across various styles and timeframes.
Whether you're a scalper looking for intraday opportunities or a swing trader aiming to capture larger moves, the ELC Indicator offers a robust framework for identifying and executing high-probability trades.
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### **How to Get Started**
1. Add the ELC Indicator to your chart.
2. Customize the EMA length, line colors, and style based on your preference.
3. Enable alerts to receive real-time notifications of buy and sell signals.
4. Use the plotted Fibonacci levels to plan your trade entries, profit targets, and stop-loss levels.
5. Combine the signals from ELC with your existing market analysis for optimal results.
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This unique approach makes the ELC Indicator a valuable tool for traders seeking precision, clarity, and consistency in their trading decisions.
Crypto Market Caps / Global GDP %This indicator compares the total market capitalization of various crypto sectors to the global Gross Domestic Product (GDP), expressed as a percentage. The purpose of this indicator is to provide a visual representation of the relative size of the crypto market compared to the global economy, allowing traders and analysts to understand how the market is growing in relation to the overall economy.
Key Features
Crypto Market Caps -
TOTAL: Represents the total market capitalization of all cryptocurrencies.
TOTAL3: Represents the market capitalization of all cryptocurrencies, excluding Bitcoin and Ethereum.
OTHERS: Represents the market capitalization of all cryptocurrencies excluding the top 10.
Global GDP -
The indicator uses a combination of GDP data from multiple regions across the world, including:
GDP from the EU, North America (NA), and other regions.
GDP data from Asia, Latin America (LATAM), and the Middle East & North Africa (MENA).
Percentage Representation -
The market caps (TOTAL, TOTAL3, OTHERS) are compared to the global GDP, and the result is expressed as a percentage. This allows you to easily see how the size of the cryptocurrency market compares to the entire global economy at any given time.
Plotting and Visualization
The indicator plots the market cap to global GDP ratio for each category (TOTAL, TOTAL3, OTHERS) on the chart.
You can choose which plots to display through user inputs.
The percentage scale makes it easy to compare how much of the global GDP is represented by different parts of the crypto market.
Labels can be added for additional clarity, showing the exact percentage value on the chart.
How to Use
The indicator provides a clear view of the cryptocurrency market's relative size compared to the global economy.
Higher values indicate that the crypto market (or a segment of it) is becoming a larger portion of the global economy.
Lower values suggest the crypto market is still a smaller segment of the global economic activity.
User Inputs
TOTAL/GlobalGDP: Toggle visibility for the total market capitalization of all cryptocurrencies.
TOTAL3/GlobalGDP: Toggle visibility for the market cap of cryptocurrencies excluding Bitcoin and Ethereum.
OTHERS/GlobalGDP: Toggle visibility for the market cap of cryptocurrencies excluding the top 10.
Labels: Enable or disable the display of labels showing the exact percentage values.
Practical Use Cases
Market Sentiment: Gauge the overall market sentiment and potential growth relative to global economic conditions.
Investment Decisions: Help identify when the crypto market is becoming more or less significant in the context of the global economy.
Macro Analysis: Combine this indicator with other macroeconomic indicators to gain deeper insights into the broader economic landscape.
By providing an easy-to-understand percentage representation, this indicator offers valuable insights for anyone interested in tracking the relationship between cryptocurrency market cap and global economic activity.
Fibonacci RepulseFibonacci Repulse with Trend Table 📉📈
Description: The "Fibonacci Repulse" indicator for TradingView combines Fibonacci retracement levels with dynamic support/resistance detection, providing real-time price action insights. 🔄 This powerful tool plots critical Fibonacci retracement levels (23.6%, 38.2%, and 50%) based on the highest and lowest swing points over a user-defined lookback period. The indicator automatically detects bullish retests, alerting you when the price touches and closes above any of the Fibonacci levels, indicating potential upward momentum. 🚀
Key Features:
Fibonacci Retracement Levels 📊: Plots key levels (23.6%, 38.2%, 50%) dynamically based on the highest and lowest price swings over a customizable lookback period.
Bullish Retests Alerts ⚡: Identifies and marks bullish retests when the price touches the Fibonacci levels and closes above them, signaling potential upward movement.
Real-Time Trend Detection 🔍: Displays the current market trend as "Bullish," "Bearish," or "Sideways" in a clear, easy-to-read table in the bottom right corner of the chart. This is determined based on the price's position relative to the Fibonacci levels.
Customizable Settings ⚙️: Adjust the lookback period and label offsets for optimal visual customization.
How It Works:
The indicator calculates the Fibonacci retracement levels between the highest high and the lowest low within a user-defined period. 🧮
It draws extended lines at the 23.6%, 38.2%, and 50% retracement levels, updating them as the chart moves. 📉
When the price touches a Fibonacci level and closes above it, a "Bullish Retest" label appears, signaling a potential buy opportunity. 💡
A real-time trend status table updates automatically in the chart's bottom-right corner, helping traders quickly assess the market's trend direction: Bullish, Bearish, or Sideways. 🔄
Why Use It: This indicator is perfect for traders looking for a clear and visual way to incorporate Fibonacci levels into their trading strategies, with real-time feedback on trend direction and price action signals. Whether you are a novice or an experienced trader, "Fibonacci Repulse" provides a powerful tool for identifying potential reversal points and confirming trends, enhancing your trading strategy. 📈💪
Daytrading ES Wick Length StrategyThis Pine Script strategy calculates the combined length of upper and lower wicks of candlesticks and uses a customizable moving average (MA) to identify potential long entry points. The strategy compares the total wick length to the MA with an added offset. If the wick length exceeds the offset-adjusted MA, the strategy enters a long position. The position is automatically closed after a user-defined holding period.
Key Features:
1. Calculates the sum of upper and lower wicks for each candlestick.
2. Offers four types of moving averages (SMA, EMA, WMA, VWMA) for analysis.
3. Allows the user to set a customizable MA length and an offset to shift the MA.
4. Automatically exits positions after a specified number of bars.
5. Visualizes the wick length as a histogram and the offset-adjusted MA as a line.
References:
• Candlestick wick analysis: Nison, S. (1991). Japanese Candlestick Charting Techniques.
• Moving averages: Brock, W., Lakonishok, J., & LeBaron, B. (1992). “Simple Technical Trading Rules and the Stochastic Properties of Stock Returns”. Journal of Finance.
This strategy is suitable for identifying candlesticks with significant volatility and long wicks, which can indicate potential trend reversals or continuations.
Ultra TrendlinesThis indicator automatically draws trendlines based on every pivot point, helping traders visualize key support and resistance levels. It dynamically adjusts as new pivots are detected and validates the trendlines against price movement.
Introduction
The Ultra Trendlines indicator is designed to help traders identify and track significant trendlines on their charts. By automatically detecting pivot points (both highs and lows), it draws trendlines that highlight key market movements. These trendlines are valuable for understanding the broader trend and for making informed trading decisions.
Detailed Description
The indicator analyzes price data to find pivot points highs and lows over a user-defined lookback period. Once a pivot is detected, it draws trendlines between the pivot points.
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Accuracy
To ensure accuracy, the indicator only keeps trendlines that are confirmed by price action. It checks if the price crosses the trendline and deletes invalid lines.
Additionally, it checks if the trendlines stay within predefined price thresholds, filtering out irrelevant lines that are too far from current price action.
The indicator also has an option to only show "rising lows" and "falling highs" trendlines, offering further precision in trend direction.
As new pivots are detected, older trendlines that fall outside the lookback period are removed, ensuring the chart remains clean.
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Style
The trendlines can extend forward (infinite and userdefined), backward, both or none. The lines are drawn with a customizable style (solid, dotted, or dashed), color, and width.
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Summary of Key Points
The indicator automatically detects pivot points (highs and lows) and draws trendlines based on them. It allows you to customize the style, color, and width of the trendlines. The indicator filters out invalid trendlines by checking if they are still relevant based on price action and price thresholds. Additionally, you can choose to only display rising lows and falling highs for more accurate trend analysis. It also removes outdated trendlines to keep the chart clean.
