True High/Low RSI for DivergenceThis Pine Script creates a highly specialized RSI (Relative Strength Index) indicator designed to provide a more accurate signal for divergence trading. Its official title is "True High/Low RSI for Divergence."
Here is a breakdown of its core features:
1. Dual RSI Calculation based on Highs and Lows:
Unlike a standard RSI that typically uses the closing price of a candle, this indicator calculates two separate RSI lines:
A "High RSI" : This line calculates the RSI based on the high price of each candle. It is intended to track momentum peaks more accurately.
A "Low RSI" : This line calculates the RSI based on the low price of each candle. It is designed to track momentum troughs more accurately.
The main purpose of this separation is to avoid the potential errors that can occur when using an average price (like the close or hl2) during periods of high volatility. By using the true extremes of the price candles, the indicator aims to show a more "true" representation of momentum for identifying divergences between price and the indicator.
2. Dynamic Transparency:
This is a key visual feature. The RSI lines are not always fully visible. They dynamically fade into view as they enter significant overbought or oversold zones:
The Low RSI line (red by default) is invisible when above a value of 50. As it drops from 49 towards 30, it becomes progressively more opaque (more visible). It reaches full opacity at an RSI value of 30, visually alerting the user to strengthening oversold conditions.
The High RSI line (blue by default) is invisible when below a value of 50. As it rises from 51 towards 70, it also becomes progressively more opaque. It is fully opaque at an RSI value of 70, highlighting strengthening overbought conditions.
3. User Customization:
The script allows for user flexibility. You can change:
The colors for both the High and Low RSI lines.
The RSI calculation length (default is 14).
The price source for each RSI line (though they are specifically designed to use high and low).
In summary, this indicator is a purpose-built tool for traders who rely on divergence. It provides a more precise and visually intuitive way to track momentum at its true peaks and troughs, helping to make more informed trading decisions.
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Asian & London Session Highs/LowsAsian & London Session Highs/Lows with Extendable Lines
This TradingView script automatically marks the highs and lows of the Asian and London trading sessions for the most recent day, allowing traders to identify key levels during these active periods. The lines representing the high and low of each session are drawn at the exact price point where the high/low occurred, and they extend to the right for a customizable number of bars, helping to visualize how the price reacts to these key levels after the session ends.
Key Features:
Session High/Low Tracking: Automatically tracks the highest and lowest points for the Asian and London sessions.
Extendable Lines: Lines start at the exact bar where the high/low occurred and can be extended to the right for a specified number of bars.
Timezone Adjustment: Allows you to input a timezone offset to adjust session times based on your local time or desired market time zone.
Customizable Colors & Line Thickness: Adjust the color and thickness of the session high and low lines to suit your visual preferences.
Clear & Precise Levels: Helps identify important support and resistance levels, making it easier to spot market reactions around session highs and lows.
This indicator is perfect for day traders and those looking to trade during specific market hours, offering clear visual markers of session boundaries and critical price levels.
NFP High/Low Levels PlusNFP High/Low Levels Plus
Description:
This indicator stores the 12 most recent NFP (Non-Farm-Payroll) days and their values.
Values are captured from 0830 (NFP Release) until close of market
The High and Low values for each NFP month are drawn on the chart with horizontal lines.
- Labels indicating the month's high or low line are placed after the line
- Optionally the high/low price can be displayed additionally
Support and Resistance boxes can be drawn at the closest NFP level above and below the
current price.
- Boxes will automatically update as prices cross the NFP value
Macro Indicator
- This option displays a small table in the top right corner that says "Up" or " Down"
- The Macro Indicator can be used to judge the potential direction for the current month
- Macro direction is calculated by the following:
- UP: If two consecutive days both open and close above the most recent NFP High level
- DOWN: If two consecutive days both open and close below the most recent NFP Low level
Micro Indicator
- This option displays a small table in the top right corner that says "Up" or " Down"
- The Micro Indicator can be used to judge the potential direction for low timeframes 1H or
lower
- Micro direction is calculated by the following:
- UP: If two consecutive 10m candles close above the 20EMA
- DOWN: If two consecutive 10m candles close below the 20EMA
NFP Session Bars
- This feature draws an arrow at the bottom of the chart for each candle that falls within the
NFP session day
- This is useful for identifying NFP Days
Support / Resistance Table
- This displays a table bottom center showing the nearest high and low NFP line level
What is an NFP Day and why is it useful to add to my chart?
- NFP Days are one of the most important data releases monthly
- NFP (Non-Farm-Payroll) is the official release of 80% of the US workforce employed in
manufacturing, construction, and goods
- It does not include those who work on farms, private households, non-profit and
government workers
- Historically these high/low levels for the day create strong support and resistance levels
- Having them displayed on the chart can help identify potential strong levels and pivot points
Full Indicator with all options enabled and identified
Easily update NFP Release Days in the indicator settings
Modify various options: Show/Hide lines, labels, directional indicator tables, values tables
Adjust line width, offsets, colors, font sizes, box widths
Enable individual Directional Indicators and modify colors
Example of full indicator enabled
You can find a list of the NFP Release Schedule on the official US Bureau of Labor Statistics website. This is useful for updating the indicator settings with the correct dates
Swing High/Low (ZigZag) [ChartPrime]Swing High/Low (ZigZag) Indicator
The Swing High/Low (ZigZag) Indicator is a versatile tool for identifying and visualizing price swings, swing highs, and swing lows. It dynamically plots levels for significant price points while connecting them with a ZigZag line, enabling traders to analyze market structure and trends with precision.
⯁ KEY FEATURES
Swing Highs and Lows Detection
Accurately detects and marks swing highs and lows, providing a clear structure of market movements.
Real-Time ZigZag Line
Connects swing points with a dynamic ZigZag line for a visual representation of price trends.
Customizable Swing Sensitivity
Swing length input allows traders to adjust the sensitivity of swing detection to match their preferred market conditions.
Swing Levels with Shadows
Option to display swing levels with extended shadows for better visibility and market analysis.
Broken Levels Marking
Tracks and visually updates levels as dashed lines when broken, providing insights into shifts in market structure.
Swing Direction Display
At the top-right corner, the indicator displays the current swing direction (up or down) with a directional arrow for quick reference.
Interactive Labels
Marks swing levels with labels, showing the price of swing highs and lows for added clarity.
Dynamic Market Structure Analysis
Automatically adjusts ZigZag lines and levels as the market evolves, ensuring real-time updates for accurate trading decisions.
⯁ HOW TO USE
Analyze Market Trends
Use the ZigZag line and swing levels to identify the overall direction and structure of the market.
Spot Significant Price Points
Swing highs and lows act as potential support and resistance levels for trading opportunities.
Adjust Swing Sensitivity
Modify the swing length setting to match your trading strategy, whether scalping, day trading, or swing trading.
Monitor Broken Levels
Use the dashed lines of broken levels to identify changes in market dynamics and potential breakout or breakdown zones.
Plan Entries and Exits
Leverage swing levels and direction to determine optimal entry, stop-loss, and take-profit points.
⯁ CONCLUSION
The Swing High/Low (ZigZag) Indicator is a powerful tool for traders seeking to visualize price swings and market structure. Its real-time updates, customizable settings, and dynamic swing direction make it an invaluable resource for technical analysis and decision-making.
Opening Candle High/Low with Time Zone and Minute Offset
Title: Opening Candle High/Low with Time Zone and Minute Offset
Description:
The Opening Candle High/Low with Time Zone and Minute Offset indicator is a versatile tool that highlights the high and low of the first candle of the trading session, adjusted for your preferred time zone and minute offset. It is particularly useful for traders who focus on opening ranges as key reference points for their trading strategies.
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Features:
1. Time Zone and Minute Adjustment:
- Allows customization of the start time by applying a time zone offset (in hours) and a minute offset.
- Ideal for traders operating in different time zones or trading sessions that don't align with midnight UTC.
2. Dynamic First Candle Detection:
- Automatically captures the high and low of the first candle after the adjusted time.
- Resets daily, ensuring accurate levels for each new trading session.
3. Visual Representation:
- Plots the high and low levels of the first candle directly on the chart for easy reference.
- Uses distinct colors (green for the high and red for the low) and adjustable line widths for clarity.
4. Simplicity and Versatility:
- Works across all markets and timeframes, providing essential information for opening range breakout strategies, support/resistance analysis, or session-based trading.
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How It Works:
1. Time Adjustment:
- The indicator adjusts the current chart time by applying the user-defined hour and minute offsets.
- This ensures the "opening candle" aligns with your specific trading session requirements.
2. First Candle Detection:
- When the adjusted time matches the start of a new day (midnight with offsets), the indicator captures the high and low of the first candle.
- These values are stored and remain static throughout the trading day.
3. Plotting:
- The high and low levels of the opening candle are plotted on the chart, providing visual reference points for traders.
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Use Case:
- This indicator is ideal for traders who rely on the opening range of a session for planning trades, such as breakout or reversal strategies.
- It can also serve as a key tool for identifying significant price levels in session-based trading.
Simplify your trading analysis and align your strategy with this customizable and intuitive indicator.
First 1-Minute Candle High/Low After Specific TimeDescription:
This indicator captures and marks the high and low of the first 1-minute candle after a specified time (default: 9:30 AM) and tracks the highs and lows of the first five candles. The levels marked by these initial candles are often critical in determining early session support and resistance, providing a visual guide for traders monitoring price action in the opening minutes of a trading session.
Key Features and Usage
1-Minute Candle High/Low: The indicator captures the high and low of the first 1-minute candle after the specified session start time. This level is marked with horizontal lines and labels, providing traders with an immediate reference for early-session price extremes.
5-Candle Range High/Low: After the first five candles, the indicator also highlights the highest and lowest levels within this range, offering additional support/resistance lines to aid in understanding early price movements.
Custom Labels and Dynamic Line Extension:
Labels update dynamically and display whether the 1-minute high/low coincides with the 5-minute range high/low, combining these labels if they match.
Horizontal lines extend to the current bar to remain visible throughout the session for consistent reference.
Customization Options
Colors and Label Text: Users can adjust colors for the 1-minute and 5-minute high/low lines and the label text for optimal readability.
Label Position Offset: Labels are placed slightly above or below their respective lines to avoid overlap with price action, maintaining clarity on the chart.
Intended Use
This indicator is especially useful for intraday traders focusing on opening range breakout strategies, scalping, or short-term trend analysis. It is intended for use on intraday charts (such as 1-minute or 5-minute intervals) and provides straightforward levels to assess early market structure.
Technical Details
Customization of Start Time: Users can change the default start time to any desired session opening time, adapting it to various markets or trading sessions.
Dynamic Line and Label Updates: Both lines and labels dynamically extend with the chart, while labels remain easy to read as they shift based on recent price action.
This script is designed to be simple yet powerful, offering key insights into session open levels without relying on predictive or lookahead features. It is useful for real-time analysis and adds value by helping traders identify critical levels in the market's early stages.
Enhanced High-Low Difference IndicatorEnhanced High-Low Difference Indicator
The "Enhanced High-Low Difference Indicator" is a powerful tool that highlights market volatility by tracking the difference between the high and low prices of a bar. Key features include:
Customizable Threshold: Set your own threshold for the high-low difference to filter out minor fluctuations.
Visual Highlights: Bars that exceed the threshold are highlighted with customizable color and opacity settings for easy identification.
Optional Labels: Display the exact high-low difference on the bars when the threshold is exceeded, with fully customizable label color and size.
High-Low Difference Line: Optionally plot a line that tracks the high-low difference of each bar for visual reference.
Alerts: Receive real-time alerts when the high-low difference exceeds your specified threshold.
Threshold Reference Line: Plot the threshold value as a horizontal reference line on the chart.
This indicator is ideal for traders looking to identify volatility spikes and make informed trading decisions based on price action.
Breakout Detector (Previous MTF High Low Levels) [LuxAlgo]The Breakout Detector (Previous MTF High Low Levels) indicator highlights breakouts of previous high/low levels from a higher timeframe.
The indicator is able to: display take-profit/stop-loss levels based on a user selected Win/Loss ratio, detect false breakouts, and display a dashboard with various useful statistics.
Do note that previous high/low levels are subject to backpainting, that is they are drawn retrospectively in their corresponding location. Other elements in the script are not subject to backpainting.
🔶 USAGE
Breakouts occur when the price closes above a previous Higher Timeframe (HTF) High or below a previous HTF Low.
On the advent of a breakout, the closing price acts as an entry level at which a Take Profit (TP) and Stop Loss (SL) are placed. When a TP or SL level is reached, the SL/TP box border is highlighted.
When there is a breakout in the opposite direction of an active breakout, previous breakout levels stop being updated. Not reaching an SL/TP level will result in a partial loss/win,
which will result in the box being highlighted with a dotted border (default). This can also be set as a dashed or solid border.
Detection of False Breakouts (default on) can be helpful to avoid false positives, these can also be indicative of potential trend reversals.
This indicator contains visualization when a new HTF interval begins (thick vertical grey line) and a dashboard for reviewing the breakout results (both defaults enabled; and can be disabled).
As seen in the example above, the active, open breakout is colored green/red.
You can enable the setting ' Cancel TP/SL at the end of HTF ', which will stop updating previous TP/SL levels on the occurrence of a new HTF interval.
🔶 DETAILS
🔹 Principles
Every time a new timeframe period starts, the previous high and low are detected of the higher timeframe. On that bar only there won't be a breakout detection.
A breakout is confirmed when the close price breaks the previous HTF high/low
A breakout in the same direction as the active breakout is ignored.
A breakout in the opposite direction stops previous breakout levels from being updated.
Take Profit/Stop Loss, partially or not, will be highlighted in an easily interpretable manner.
🔹 Set Higher Timeframe
There are 2 options for choosing a higher timeframe:
• Choose a specific higher timeframe (in this example, Weekly higher TF on a 4h chart)
• Choose a multiple of the current timeframe (in this example, 75 minutes TF on a 15 min chart - 15 x 5)
Do mind, that when using this option, non-standard TFs can give less desired timeframe changes.
🔹 Setting Win/Loss Levels
The Stop Loss (SL) / Take Profit (TP) setting has 2 options:
W%:L% : A fixed percentage is chosen, for TP and SL.
W:L : In this case L (Loss-part) is set through Loss Settings , W (Win-part) is calculated by multiplying L , for example W : L = 2 : 1, W will be twice as large as the L .
🔹 Loss Settings
The last drawing at the right is still active (colored green/red)
The Loss part can be:
A multiple of the Average True Range (ATR) of the last 200 bars.
A multiple of the Range Cumulative Mean (RCM).
The Latest Swing (with Length setting)
Range Cumulative Mean is the sum of the Candle Range (high - low) divided by its bar index.
🔹 False Breakouts
A False Breakout is confirmed when the price of the bar immediately after the breakout bar returns above/below the breakout level.
🔹 Dashboard
🔶 ALERTS
This publication provides several alerts
Bullish/Bearish Breakout: A new Breakout.
Bullish/Bearish False Breakout: False Breakout detected, 1 bar after the Breakout.
Bullish/Bearish TP: When the TP/profit level has been reached.
Bullish/Bearish Fail: When the SL/stop-loss level has been reached.
Note that when a new Breakout causes the previous Breakout to stop being updated, only an alert is provided of the new Breakout.
🔶 SETTINGS
🔹 Set Higher Timeframe
Option : HTF/Mult
HTF : When HTF is chosen as Option , set the Higher Timeframe (higher than current TF)
Mult : When Mult is chosen as Option , set the multiple of current TF (for example 3, curr. TF 15min -> 45min)
🔹 Set Win/Loss Level
SL/TP : W:L or W%:L%: Set the Win/Loss Ratio (Take Profit/Stop Loss)
• W : L : Set the Ratio of Win (TP) against Loss (SL) . The L level is set at Loss Settings
• W% : L% : Set a fixed percentage of breakout price as SL/TP
🔹 Loss Settings
When W : L is chosen as SL/TP Option, this sets the Loss part (L)
Base :
• RCM : Range Cumulative Mean
• ATR : Average True Range of last 200 bars
• Last Swing : Last Swing Low when bullish breakout, last Swing High when bearish breakout
Multiple : x times RCM/ATR
Swing Length : Sets the 'left' period ('right' period is always 1)
Colours : colour of TP/SL box and border
Borders : Style border when breakout levels stop being updated, but TP/SL is not reached. (Default dotted dot , other option is dashed dsh or solid sol )
🔹 Extra
Show Timeframe Change : Show a grey vertical line when a new Higher Timeframe interval begins
Detect False Outbreak
Cancel TP/SL at end of HTF
🔹 Show Dashboard
Location: Location of the dashboard (Top Right or Bottom Right/Left)
Size: Text size (Tiny, Small, Normal)
See USAGE/DETAILS for more information
52 Week High/Low FibonacciThe primary purpose of this indicator is to calculate and plot the 52-week high and low prices along with the Fibonacci retracement levels on the price chart. Fibonacci levels are commonly used in trading to identify potential support, resistance, and price reversal points.
First, the script initializes the Fibonacci levels and their corresponding colors, which will be used to plot the levels on the chart. Next, it calculates the 52-week high and low prices by finding the highest and lowest prices over the last 252 trading days, approximately equivalent to one year. Then, it identifies the overall trend direction by comparing the number of bars since the highest high and the lowest low. If the highest high is more recent, the trend is considered downwards; if the lowest low is more recent, the trend is upwards.
The script then plots the Fibonacci retracement levels on the chart, using horizontal lines at the respective price levels. It also creates labels for each level, displaying the percentage and the price value. Additionally, it draws a line connecting the 52-week high and low prices, providing a visual representation of the price range during the 52-week period.
Pros of this indicator include:
-Automatic calculation and plotting of Fibonacci levels, saving time for traders
-Clear trend identification based on 52-week high and low prices
-Visually appealing and easy-to-read chart representation with color-coded levels
-Provides insight into potential price reversal areas based on widely used Fibonacci levels
Cons of this indicator include:
-Only works on daily timeframes, limiting its usefulness for intraday and weekly traders
-Assumes that the trend will continue in the same direction, which may not always be accurate in real-world markets
-Does not provide explicit buy or sell signals, leaving the trading decision-making process up to the trader
-Solely relies on Fibonacci levels, which may not always be accurate; it is recommended to use other technical indicators or strategies alongside this indicator for a comprehensive trading approach
In conclusion, the '52 Week High Low Fibonacci' indicator is a valuable tool for traders interested in using Fibonacci levels for identifying potential price reversal points. By automatically calculating and plotting these levels based on 52-week high and low prices, the indicator provides a clear, color-coded visual aid, which can be especially helpful for traders who base their strategies on these levels.
However, it's worth noting that this indicator is limited to daily timeframes and doesn't provide explicit buy or sell signals, requiring traders to incorporate their own analysis and judgement in their decision-making process. The indicator also operates on the assumption of trend continuation, which may not always hold true.
While it's a beneficial tool, relying solely on this indicator for trading decisions may not be advisable. It's best used in conjunction with other indicators and trading strategies, providing a more balanced and comprehensive approach to trading in the financial markets. As always, risk management should be a key part of any trading strategy.
**YOUR INSIGHTFUL FEEDBACK OR SUGGESTIONS FOR REVISIONS TO THIS CODE ARE HIGHLY APPRECIATED. PLEASE FEEL FREE TO SHARE YOUR THOUGHTS TO FOSTER ITS CONTINUAL IMPROVEMENT**
Filter-Out Weak Pivot highs/lows, Swing highs/lows: MethodJust a simple indicator for refining the standard method of finding Pivot highs & Lows; Allowing user to filter-out weak/flat/rounded Pivot highs/lows
-Aim of this is to get pivot highs & pivot lows coded to print more in line with what the eye would naturally be drawn to as an obvious pivot high/low.
-This uses local moving average around the pivot high/low together with user-input ATR multiple, to create a condition for filtering out lacklustre pivot highs/lows.
-Thought i'd publish this separately as a tool that other coders might find useful.
//inputs//
~adjust looback/lookforward for Pivot highs/lows
~adjust 'spikiness' index to filter out less impressive pivot highs/lows (higher number = more selective)
Swing High/Low by %REnglish Description
Swing High/Low by %R
This indicator identifies potential swing high and swing low points by combining William %R overbought/oversold turning points with classic swing price structures.
Swing High: Detected when William %R turns down from overbought territory and the price forms a local high (higher than both neighboring bars).
Swing Low: Detected when William %R turns up from oversold territory and the price forms a local low (lower than both neighboring bars).
This tool is designed to help traders spot possible market reversals and better time their entries and exits.
Customizable parameters:
Williams %R period
Overbought & Oversold thresholds
The indicator plots clear signals above/below price bars for easy visualization.
For educational purposes. Please use with proper risk management!
คำอธิบายภาษาไทย
Swing High/Low by %R
อินดิเคเตอร์นี้ใช้ระบุจุด Swing High และ Swing Low ที่มีโอกาสเป็นจุดกลับตัวของตลาด โดยอาศัยสัญญาณจาก William %R ที่พลิกกลับตัวบริเวณ overbought/oversold ร่วมกับโครงสร้างราคาแบบ swing
Swing High: เกิดเมื่อ William %R พลิกกลับลงจากเขต Overbought และราคาแท่งกลางสูงกว่าทั้งสองแท่งข้างเคียง
Swing Low: เกิดเมื่อ William %R พลิกกลับขึ้นจากเขต Oversold และราคาแท่งกลางต่ำกว่าทั้งสองแท่งข้างเคียง
ช่วยให้เทรดเดอร์สามารถมองเห็นโอกาสในการกลับตัวของราคา และใช้ประกอบการวางแผนจังหวะเข้าหรือออกจากตลาดได้อย่างแม่นยำมากขึ้น
ตั้งค่าได้:
ระยะเวลา Williams %R
ค่าขอบเขต Overbought & Oversold
อินดิเคเตอร์จะแสดงสัญลักษณ์อย่างชัดเจนบนกราฟเพื่อความสะดวกในการใช้งาน
ควรใช้ร่วมกับการบริหารความเสี่ยง
FVG, Swing, Target, D/W/M High Low Detector Basic by Trader Riaz"FVG, Swing, Target, D/W/M High Low Detector Basic by Trader Riaz " is a powerful TradingView indicator designed to enhance your trading strategy by identifying key market structures and levels. This all-in-one tool detects Fair Value Gaps (FVGs), Swing Highs/Lows, and previous Day, Previous Week, and Previous Month Highs/Lows, helping traders make informed decisions with ease.
Key Features:
Bullish & Bearish FVG Detection: Highlights Fair Value Gaps with customizable colors, labels, and extension options.
Swing Highs & Lows: Automatically detects and marks Swing Highs and Lows with adjustable display settings and extensions.
Next Target Levels: Identifies potential price targets based on market direction (rising or falling).
Daily, Weekly, and Monthly High/Low Levels: Displays previous day, week, and month highs/lows with customizable colors.
Customizable Settings: Fully adjustable inputs for colors, number of levels to display, and extension periods.
Clean Visuals: Intuitive and non-intrusive design with dashed lines, labels, and tooltips for better chart readability.
This indicator is ideal for traders looking to identify key price levels, improve market structure analysis, and enhance their trading strategies.
Happy Trading,
Trader Riaz
Custom Previous High/Low + Breakout AlertsThis indicator plots the previous high and low of the selected timeframe and alerts you when the price breaks either level.
To prevent spam, it triggers only once per period. If both the high and low break within the same period, you will receive an alert for each, but no duplicates if price hovers around these levels.
How to Set Up Alerts
1. Choose Your Timeframe
- In the indicator settings, select the timeframe for the high/low reference.
- Example: If you select 1 hour, the indicator will plot the previous 1-hour high and low and alert you when either level is broken
2. Create an Alert
- Condition → High/Low Break Alerts
- Function → Any alert() function call
Optional:
- If you want alerts only for high breakouts or low breakouts, select High Breakout or Low Breakout and use "Once Per Bar" as the trigger. (It will still alert only once per period.)
3. Setting Alerts for Multiple Timeframes
- If you want to create another alert for a different timeframe, first select the new timeframe in the indicator settings, then create a new alert
- Note: Previous alerts will continue to notify you based on the timeframe they were originally set for, even if you change the timeframe in the indicator settings.
AEST High-Low MarkerOverview
This TradingView indicator, AEST High-Low Marker, is designed to mark the highest and lowest price levels observed between 5:00 PM and 6:00 PM AEST and extend these levels visually on the chart only between 5:00 PM and 12:00 AM AEST.
Functionality
Time Conversion for AEST
Since TradingView operates in UTC, the script translates AEST (UTC+10 or UTC+11 during daylight savings) into UTC time.
The script starts tracking from 5:00 PM AEST (7 AM UTC) to 6:00 PM AEST (8 AM UTC).
The high and low lines will be displayed only between 5:00 PM and 12:00 AM AEST (7 AM to 2 PM UTC).
Real-Time High & Low Calculation
The indicator dynamically updates the session high and low as new candles form during the 5 PM - 6 PM AEST period.
It captures the maximum high and minimum low during this timeframe.
Line Display Restrictions
The session high and low lines will only be drawn between 5:00 PM and 12:00 AM AEST to prevent chart clutter.
The lines disappear after 12:00 AM AEST.
Visual Representation
Blue Line: Marks the session high recorded between 5 PM - 6 PM AEST.
Red Line: Marks the session low recorded between 5 PM - 6 PM AEST.
Both lines extend until 12 AM AEST and then disappear.
Use Case
This indicator is useful for traders looking to track key price levels formed between 5 PM and 6 PM AEST and observe how price interacts with these levels until midnight.
It is particularly beneficial for intraday and short-term trading strategies, allowing users to identify potential support and resistance zones based on early evening price action.
Last 10 Sessions: High, Low, Pivot, GapLast 10 Sessions: High, Low, Pivot, Gap
This indicator highlights the most important price levels from the last 10 completed trading sessions to help intraday and swing traders quickly spot potential support, resistance, and price reaction zones.
Key Features:
Previous Highs and Lows : Visualize the high and low from each of the past 10 sessions. These are the most commonly tested breakout and reversal points for day trading.
Session Pivots: The classic pivot formula ((High + Low + Close) / 3) for each of the last 10 sessions, often acting as a market “equilibrium” or intraday magnet.
Gaps: Displays the difference between each day’s open and the previous session’s close (“gap”), showing sentiment shifts and possible gap fill targets.
Clean, Faded Visuals: All lines and labels are subtly faded so your chart remains clear and uncluttered, with each level labeled by how many sessions ago it occurred.
Full Customization: Instantly toggle any level type (High, Low, Pivot, Gap) ON/OFF in settings, extend lines to the right, and adjust their forward length.
Bulletproof Logic: Never throws runtime errors. Lines and labels only display when valid data is present.
How to Use:
Use recent highs/lows for breakout, breakdown, or mean reversion trades.
Spot where multiple levels from past sessions cluster together for high-probability reversal or breakout areas.
Watch pivots for intraday bias, and gaps for sentiment and possible fill plays.
Perfect for all intraday timeframes.
If you want a powerful yet minimal map of where price is most likely to react, this indicator is for you!
Developed by
GeeksDoByte 15m & 30m ORB + Prev Day High/LowCME_MINI:NQ1!
How It Works
Opening Ranges
At 9:30 ET, the script begins tracking the high & low.
It uses two fixed sessions:
15 min from 09:30 to 09:45
30 min from 09:30 to 10:00
On the very first bar of each session it initializes the range, then continuously updates the high/low on each new intraday bar.
Dashed lines are drawn when the session opens and extended horizontally across subsequent bars.
Previous Day’s Levels
Independently, it fetches yesterday’s high and low via a daily security call.
These historic levels are plotted as simple horizontal lines for daily context.
How to Use
Breakout Entries
A close above the 15 min ORB high can signal an early breakout; a further push above the 30 min ORB high confirms extended momentum.
Conversely, breaks below the respective lows can indicate short setups.
Support & Resistance
Yesterday’s high/low often act as magnet levels. If price is near the previous high when the opening ranges break, you get a confluence zone worth watching.
Trade Management
Combine the two opening-range levels to tier your stops or scale in.
For example, you might place an initial stop below the 15 min low and a wider stop below the 30 min low.
Historical Volatility with HV Average & High/Low Trendlines
### 📊 **Indicator Title**: Historical Volatility with HV Average & High/Low Trendlines
**Version**: Pine Script v5
**Purpose**:
This script visualizes market volatility using **Historical Volatility (HV)** and enhances analysis by:
* Showing a **moving average** of HV to identify volatility trends.
* Marking **high and low trendlines** to highlight extremes in volatility over a selected period.
---
### 🔧 **Inputs**:
1. **HV Length (`length`)**:
Controls how many bars are used to calculate Historical Volatility.
*(Default: 10)*
2. **Average Length (`avgLength`)**:
Number of bars used for calculating the moving average of HV.
*(Default: 20)*
3. **Trendline Lookback Period (`trendLookback`)**:
Number of bars to look back for calculating the highest and lowest values of HV.
*(Default: 100)*
---
### 📈 **Core Calculations**:
1. **Historical Volatility (`hv`)**:
$$
HV = 100 \times \text{stdev}\left(\ln\left(\frac{\text{close}}{\text{close} }\right), \text{length}\right) \times \sqrt{\frac{365}{\text{period}}}
$$
* Measures how much the stock price fluctuates.
* Adjusts annualization factor depending on whether it's intraday or daily.
2. **HV Moving Average (`hvAvg`)**:
A simple moving average (SMA) of HV over the selected `avgLength`.
3. **HV High & Low Trendlines**:
* `hvHigh`: Highest HV value over the last `trendLookback` bars.
* `hvLow`: Lowest HV value over the last `trendLookback` bars.
---
### 🖍️ **Visual Plots**:
* 🔵 **HV**: Blue line showing raw Historical Volatility.
* 🔴 **HV Average**: Red line (thicker) indicating smoothed HV trend.
* 🟢 **HV High**: Green horizontal line marking volatility peaks.
* 🟠 **HV Low**: Orange horizontal line marking volatility lows.
---
### ✅ **Usage**:
* **High HV**: Indicates increased risk or potential breakout conditions.
* **Low HV**: Suggests consolidation or calm markets.
* **Cross of HV above Average**: May signal rising volatility (e.g., before breakout).
* **Touching High/Low Levels**: Helps identify volatility extremes and possible reversal zones.
Volume with High/Low ColoringThe "Volume with High/Low Coloring" indicator is designed to help traders visually differentiate between high, low, and normal volume bars relative to recent historical averages. By applying dynamic color coding and customizable thresholds, this indicator enhances volume analysis and improves your ability to spot key moments of accumulation, distribution, or market inactivity.
High Volume: A bar is marked as high volume when it exceeds the average by a customizable multiplier (default is 1.5×) .
Low Volume: A bar is considered low volume when it falls below the average by another multiplier (default is 0.5×) .
Normal Volume: All bars that fall between the high and low thresholds.
Each category is displayed in a different user-selectable color, providing instant visual feedback for volume dynamics.
Customizable Colors:
High Volume: Light Green (default: semi-transparent green)
Low Volume: Light Blue (default: semi-transparent blue)
Normal Volume: Yellow (default: semi-transparent yellow)
Average Volume Line: Gray (optional reference line)
Swing High Low Detector by RV5📄 Description
The Swing High Low Detector is a visual indicator that automatically detects and displays swing highs and swing lows on the chart. Swings are determined based on configurable strength parameters (number of bars before and after a high/low), allowing users to fine-tune the sensitivity of the swing points.
🔹 Current swing levels are shown as solid (or user-defined) lines that dynamically extend until broken.
🔹 Past swing levels are preserved as dashed/dotted lines once broken, allowing traders to see previous support/resistance zones.
🔹 Customizable line colors, styles, and thickness for both current and past levels.
This indicator is useful for:
Identifying key market structure turning points
Building breakout strategies
Spotting trend reversals and swing zones
⚙️ How to Use
1. Add the indicator to any chart on any timeframe.
2. Adjust the Swing Strength inputs to change how sensitive the detector is:
A higher value will filter out smaller moves.
A lower value will capture more frequent swing points.
3. Customize the line styles for visual preference.
Choose different colors, line styles (solid/dashed/dotted), and thickness for:
Current Swing Highs (SH)
Past Swing Highs
Current Swing Lows (SL)
Past Swing Lows
4. Observe:
As new swing highs/lows are detected, the indicator draws a new current level.
Once price breaks that level, the line is archived as a past level and a new current swing is drawn.
✅ Features
Fully customizable styling for all lines
Real-time updates and automatic level tracking
Supports all chart types and instruments
👨💻 Credits
Script logic and implementation by RV5. This script was developed as a tool to improve price action visualization and trading structure clarity. Not affiliated with any financial institution. Use responsibly.
Trading Session Highs and LowsTrading Session Highs and Lows
This script provides an intuitive way to visualize key market levels from major trading sessions: Asia, London, New York, and New York Close. By automatically plotting the high and low of each session, it helps traders quickly identify important price levels that could impact market behavior.
Features include:
Session Marking: The script marks the high and low for each major session (Asia, London, New York, and New York Close).
Customizable Lines and Labels: You can adjust the line style, width, and color for each session’s high/low markers. The session name (e.g., "London", "New York") and the PDH/PDL (Prior Day High and Low) are also shown to give clear context.
Real-Time Updates: The levels are updated in real-time to reflect the current price action, helping you gauge price movement throughout the trading day.
Customizable Indicators: Easily adjust the visibility of the different sessions and the labels to focus on the session that matters most to your trading strategy.
This tool is designed to help day traders spot important levels for potential breakouts or reversals, making it easier to base your trading decisions on well-established price points. Ideal for scalpers, swing traders, and anyone who trades across multiple sessions.
London ORB + Session High/Low + FVGLondon ORB + Session High/Low + FVG
📘 Script Description: London ORB + Session High/Low + Fair Value Gap
This script is designed to assist intraday traders during the London session open by combining:
🕒 1. Opening Range Breakout (ORB)
Captures the high and low of the first 15-minute candle after the London open (08:00–08:15 GMT).
Draws lines and labels for the ORB High and Low levels.
Detects breakouts above or below the ORB and plots a triangle signal at the breakout bar.
🌐 2. Asian & US Session Levels
Automatically marks the highs and lows of the Asian (00:00–06:00 GMT) and US (13:30–20:00 GMT) sessions.
Useful for identifying prior session liquidity zones, key support/resistance levels, and potential reaction areas.
📉 3. Fair Value Gaps (FVG)
Highlights imbalances in price action between non-overlapping candles (also known as FVGs or inefficiencies).
Draws a shaded box between candles where gaps exist:
Green for bullish FVGs
Red for bearish FVGs
🔔 4. Alert Support
Optional alerts are built in for:
Long breakout (price breaks above ORB)
Short breakout (price breaks below ORB)
🎯 Use Case
Perfect for:
Day traders looking to capitalize on early volatility at the London open
Traders using liquidity-based strategies, retests, or gap-fills
Visualizing and aligning with prior session highs/lows for structure and context
Previous Week & Day High/LowPrevious Week & Day High/Low Indicator
The Previous Week & Day High/Low Indicator is designed to provide traders with key support and resistance levels based on historical price data. It automatically plots the previous day's and previous week's highs and lows as horizontal lines, offering a clear visual reference for potential breakout or reversal zones.
Features:
Clear Visual Levels: Displays previous day's highs and lows in green and red for easy identification.
Weekly Context: Plots previous week's highs and lows using distinct color-coded lines.
Real-Time Updates: Adjusts to new weekly and daily highs and lows as they are confirmed.
Labeled Lines: Each level is labeled directly on the chart, ensuring clarity without clutter.
Previous HTF Highs, Lows & Equilibriums [dani]Previous HTF Highs, Lows & Equilibriums
Indicator Description
This powerful and user-friendly indicator is designed to help traders visualize key levels from multiple higher timeframes directly on their chart. It plots the previous session's high, low, and equilibrium (EQ) levels for up to 4 customizable timeframes, allowing you to analyze price action across different time horizons simultaneously.
Key Features
Multi-Timeframe Support:
Choose up to 4 higher timeframes (e.g., 1H, 4H, 1D, 1W) to plot levels on your chart.
Each timeframe's levels are displayed with clear, customizable lines.
Previous Session Levels:
Plots the previous session's high, low, and EQ (EQ = (high + low) / 2) for each selected timeframe.
Levels are dynamically updated at the start of each new session.
Customizable Line Styles:
Choose between solid, dashed, or dotted lines for each level.
Customize colors for high, low, and EQ levels to suit your preferences.
Dynamic Labels:
Each level is labeled with the corresponding timeframe (e.g., "1D - H" for daily high, "4H - L" for 4-hour low).
Labels are positioned dynamically to avoid clutter and ensure readability.
Toggle On/Off:
Easily toggle the visibility of all levels with a single button, making it simple to declutter your chart when needed.
Compatible with All Markets:
Works seamlessly across all instruments (stocks, forex, crypto, futures, etc.) and timeframes.
How to Use?
Add the indicator to your chart.
Select up to 4 higher timeframes to plot levels.
Customize line styles and colors to match your trading style.
Use the levels as reference points for support/resistance, breakout zones, or confluence areas.
Toggle levels on/off as needed to keep your chart clean and focused.
Disclaimer & Chat
This indicator is not a trading signal generator. It does not predict market direction or provide buy/sell signals. Instead, it is a tool to help you visualize key levels from higher timeframes, enabling you to make more informed trading decisions. Always combine this tool with your own analysis, risk management, and trading strategy.
Thank you for choosing this indicator! I hope it becomes a valuable part of your trading toolkit. Remember, trading is a journey, and having the right tools can make all the difference. Whether you're a seasoned trader or just starting out, this indicator is designed to help you stay organized and focused on what matters most—price action. Happy trading, and may your charts be ever in your favor! 😊
From, Dani.
