Compare Crypto Bollinger Bands//This is not financial advice, I am not a financial advisor.
//What are volatility tokens?
//Volatility tokens are ERC-20 tokens that aim to track the implied volatility of crypto markets.
//Volatility tokens get their exposure to an asset’s implied volatility using FTX MOVE contracts.
//There are currently two volatility tokens: BVOL and IBVOL.
//BVOL targets tracking the daily returns of being 1x long the implied volatility of BTC
//IBVOL targets tracking the daily returns of being 1x short the implied volatility of BTC.
/////////////////////////////////////////////////////////////////
CAN USE ON ANY CRYPTO CHART AS BINANCE:BTCUSD is still the most dominant crypto, positive volatility for BTC is positive for all.
/////////////////////////////////////////////////////////////////
//The Code.
//The blue line (ChartLine) is the current chart plotted on in Bollinger
//The red line (BVOLLine) plots the implied volatility of BTC
//The green line (IBVOLLine) plot the inverse implied volatility of BTC
//The orange line (TOTALLine) plots how well the crypto market is performing on the Bolling scale. The higher the number the better.
//There are 2 horizontal lines, 0.40 at the bottom & 0.60 at the top
/////////To Buy
//1. The blue line (ChartLine) must be higher than the green line (IBVOLLine)
//2. The green line (IBVOLLine) must be higher than the red line (BVOLLine)
//3. The red line (BVOLLine) must be less than 0.40 // This also acts as a trendsetter
//4. The orange line (TOTALLine) MUST be greater than the red line. This means that the crypto market is positive.
//5.IF THE BLUE LINE (ChartLine) IS GREATER THAN THE ORANGE LINE (TOTALLine) IT MEANS YOUR CRYPTO IS OUTPERFOMING THE MARKET {good for short term explosive bars}
//6. If the orange line (TOTALLine) is higher than your current chart, say BTCUSD. And BTC is going up to. It just means BTC is going up slowly. it's fine as long as they are moving in the same position.
//5. I use this on the 4hr, 1D, 1W timeframes
///////To Exit
//1.If the blue line (ChartLine) crosses under the green line (IBVOLLine) exit{ works best on 4hr,1D, 1W to avoid fakes}
//2.If the red line crosses over the green line when long. {close positions, or watch positions} It means negative volatility is wining
Cari dalam skrip untuk "horizontal line"
RSI Relative Strength Index 3X - DurbtradeDurbtrade Triple RSI - 3 individual RSI's on 1 indicator, each distinguishable by length, as well as line color, thickness, opacity, and type.
(note: usable line TYPES are limited... try experimenting)
1) RSI's
A) Each RSI can be customized to change color based on RSI vertical direction (default = only RSI #1 changes color).
B) All 3 RSI's use a single Source (default Close).
C) You may customize the length of each RSI individually (I LOVE my default 14, 7, and 3!).
D) RSI #1 is the primary RSI, and is plotted LAST, so that it is drawn ABOVE RSI #2, which is drawn above RSI #3.
2) Horizontal Lines
A) Horizontal lines are also drawn automatically, so you don't have to, and they don't extend past the current bar.
B) There are 11 customizable lines, and each one is set to non-customizable increments (zero, 10, 20, 30, 40, fifty, 60, 70, 80, 90, hundred).
C) The 11 lines are divided into 2 groups:
a) 4 PAIRS of lines WITH fill options (10/90, 20/80, 30/70, 40/60... 8 lines total), and
b) 3 INDIVIDUAL lines WITHOUT fill options (zero, fifty, hundred).
D) The 4 fills give you the option to fill the space between each pair with a customizable color and opacity (the default is what I personally feel is best for each).
3) Conclusion
A) As with my previous indicators, this one maximizes information, discernment, clarity, and customization.
B) It is optimized for your ability to be able to customize a relatively basic but important indicator with ease
for use on your own personal television, laptop, or cellular phone screen setup... and on all chart zoom levels and layouts.
B) And, this being my 3rd script, please feel free to comment, critique, or leave suggestions. I find them helpful!
C) Check out my previous pine scripts if you like this one. They work well together.
D) I hope that you find this useful.
E) Enjoy!
//Durbtrade
LB Squeeze Momentum DivergencesThis study tries to highlight LazyBear Squeeze Momentum divergences
as they are defined by
TradingLatino TradingView user
Squeeze momentum green peaks are connected by a line
Associated prices to these green peaks are also connected
If both lines have a different slope orientation
then there is a divergence.
It only shows two last divergence lines and angles.
The original chart screenshot shows some divergence lines
on the top or main chart
these were drawn manually
because you cannot write to two different charts
from the same pine script study (Well, not in August 2020 anyways)
It's aimed at BTCUSDT pair and 4h timeframe.
HOW IT WORKS
Simple geometric mathematics are used
to calculate the two lines degrees
Then both degrees are compared
to show if both lines agree ( // or \\ )
or if they disagree ( /\ or \/ )
SETTINGS
(SQZDiver) Show degrees : Show degrees of each Squeeze Momentum Divergence
lines to the x-axis.
(SQZDiver) Show desviation labels : Whether to show
or not desviation labels for the Squeeze Momentum Divergences.
(SQZDiver) Show desviation lines : Whether to show
or not desviation lines for the Squeeze Momentum Divergences.
(ADX) Smoothing
(ADX) DI Length
(ADX) key level
(ADX) Print : Whether to show
or not scaled ADX line
(SQZMOM) BB Length
(SQZMOM) BB MultFactor
(SQZMOM) KC Length
(SQZMOM) KC MultFactor
(SQZMOM) Use TrueRange (KC)
(SQZMOM) Print : Whether to show
or not Squeeze Momentum indicator.
WARNING
Some securities and timeframes might output degrees
too next to zero.
The code might need to be tweaked to meet your needs.
USAGE
One strategy is to sell when you are in a long entry
when you find out that the price slope is upwards ( / )
while the lb smilb slope is downwards: ( \ )
E.g. You will see:
/
\
on the indicator.
Why?
Because it might signal you that the price is
going to correct downwards soon.
FEEDBACK 1
Please let me know if there is any
other strategy based on the red side of
LB Squeeze Momentum
so that I might add support for it in the future.
FEEDBACK 2
Calculating degrees in a chart
with a different x-axis scale
is a nightmare
that's why I did not a range settings
so that values next to zero are
converted into zero
and thus showing an horizontal line.
Feedback is welcome on this matter.
EXTRA 1
If you turn off showing the divergence lines
and if you turn off showing the divergence labels
you almost get what TradingLatino user uses
as its default momentum indicator.
EXTRA 2
Optionally this indicator can show you
a rescaled ADX (it only works properly on 2020 Bitcoin charts)
ABOUT COLOURS
TradingLatino user has both dark green and light green
inverted compared to this LB SQZMOM chart.
CREDITS
I have reused and adapted some code from
'Squeeze Momentum Indicator' study
which it's from TradingView LazyBear user.
I have reused and adapted some code from
'Directional Movement Index + ADX & Keylevel Support' study
which it's from TradingView console user.
Hancock - IFT RSI T3MAThis is a version of the Inverse Fisher Transform Relative Strength Index with T3MA smoothing and histogram difference based on EMA signal line.
Configurable parameters:
RSI length - This is the period used for the RSI .
RSI Smooth Length - This is the smoothing period of the Weighted Moving Average used for the smoothing in Inverse Fisher Transform .
RSI Signal - This is the period used for EMA signal line.
RSI Overbought - Configures the overbought threshold (0.5 default).
RSI Oversold - Configures the oversold threshold (-0.5 default).
T3 Smoothing - Enabling this applies T3MA smoothing to the RSI .
T3 Length - This is the period used for the T3MA smoothing of the RSI .
T3 Factor - This is the factor used for the T3MA smoothing of the RSI .
I've added a histogram plotting the difference between the signal line and RSI to make it easier to make trades. Oversold and Overbought thresholds are indicated by the red and green horizontal lines. Signal line is coloured for trade direction.
Happy trading folks!
Hancock
Smart Money Flow Index (SMFI) - Advanced SMC [PhenLabs]📊Smart Money Flow Index (SMFI)
Version: PineScript™v6
📌Description
The Smart Money Flow Index (SMFI) is an advanced Smart Money Concepts implementation that tracks institutional trading behavior through multi-dimensional analysis. This comprehensive indicator combines volume-validated Order Block detection, Fair Value Gap identification with auto-mitigation tracking, dynamic Liquidity Zone mapping, and Break of Structure/Change of Character detection into a unified system.
Unlike basic SMC indicators, SMFI employs a proprietary scoring algorithm that weighs five critical factors: Order Block strength (validated by volume), Fair Value Gap size and recency, proximity to Liquidity Zones, market structure alignment (BOS/CHoCH), and multi-timeframe confluence. This produces a Smart Money Score (0-100) where readings above 70 represent optimal institutional setup conditions.
🚀Points of Innovation
Volume-Validated Order Block Detection – Only displays Order Blocks when formation candle exceeds customizable volume multiplier (default 1.5x average), filtering weak zones and highlighting true institutional accumulation/distribution
Auto-Mitigation Tracking System – Fair Value Gaps and Order Blocks automatically update status when price mitigates them, with visual distinction between active and filled zones preventing trades on dead levels
Proprietary Smart Money Score Algorithm – Combines weighted factors (OB strength 25%, FVG proximity 20%, Liquidity 20%, Structure 20%, MTF 15%) into single 0-100 confidence rating updating in real-time
ATR-Based Adaptive Calculations – All distance measurements use 14-period Average True Range ensuring consistent function across any instrument, timeframe, or volatility regime without manual recalibration
Dynamic Age Filtering – Automatically removes liquidity levels and FVGs older than configurable thresholds preventing chart clutter while maintaining relevant levels
Multi-Timeframe Confluence Integration – Analyzes higher timeframe bias with customizable multipliers (2-10x) and incorporates HTF trend direction into Smart Money Score for institutional alignment
🔧Core Components
Order Block Engine – Detects institutional supply/demand zones using characteristic patterns (down-move-then-strong-up for bullish, up-move-then-strong-down for bearish) with minimum volume threshold validation, tracks mitigation when price closes through zones
Fair Value Gap Scanner – Identifies price imbalances where current candle's low/high leaves gap with two-candle-prior high/low, filters by minimum size percentage, monitors 50% fill for mitigation status
Liquidity Zone Mapper – Uses pivot high/low detection with configurable lookback to mark swing points where stop losses cluster, extends horizontal lines to visualize sweep targets, manages lifecycle through age-based removal
Market Structure Analyzer – Tracks pivot progression to identify trend through higher-highs/higher-lows (bullish) or lower-highs/lower-lows (bearish), detects Break of Structure and Change of Character for trend/reversal confirmation
Scoring Calculation Engine – Evaluates proximity to nearest Order Blocks using ATR-normalized distance, assesses FVG recency and distance, calculates liquidity proximity with age weighting, combines structure bias and MTF trend into smoothed final score
🔥Key Features
Customizable Display Limits – Control maximum Order Blocks (1-10), Liquidity Zones (1-10), and FVG age (10-200 bars) to maintain clean charts focused on most relevant institutional levels
Gradient Strength Visualization – All zones render with transparency-adjustable coloring where stronger/newer zones appear more solid and weaker/older zones fade progressively providing instant visual hierarchy
Educational Label System – Optional labels identify each zone type (Bullish OB, Bearish OB, Bullish FVG, Bearish FVG, BOS) with color-coded text helping traders learn SMC concepts through practical application
Real-Time Smart Money Score Dashboard – Top-right table displays current score (0-100) with color coding (green >70, yellow 30-70, red <30) plus trend arrow for at-a-glance confidence assessment
Comprehensive Alert Suite – Configurable notifications for Order Block formation, Fair Value Gap detection, Break of Structure events, Change of Character signals, and high Smart Money Score readings (>70)
Buy/Sell Signal Integration – Automatically plots triangle markers when Smart Money Score exceeds 70 with aligned market structure and fresh Order Block detection providing clear entry signals
🎨Visualization
Order Block Boxes – Shaded rectangles extend from formation bar spanning high-to-low of institutional candle, bullish zones in green, bearish in red, with customizable transparency (80-98%)
Fair Value Gap Zones – Rectangular areas marking imbalances, active FVGs display in bright colors with adjustable transparency, mitigated FVGs switch to gray preventing trades on filled zones
Liquidity Level Lines – Dashed horizontal lines extend from pivot creation points, swing highs in bearish color (short targets above), swing lows in bullish color (long targets below), opacity decreases with age
Structure Labels – "BOS" labels appear above/below price when Break of Structure confirmed, colored by direction (green bullish, red bearish), positioned at 1% beyond highs/lows for visibility
Educational Info Panel – Bottom-right table explains key terminology (OB, FVG, BOS, CHoCH) and score interpretation (>70 high probability) with semi-transparent background for readability
📖Usage Guidelines
General Settings
Show Order Blocks – Default: On, toggles visibility of institutional supply/demand zones, disable when focusing solely on FVGs or Liquidity
Show Fair Value Gaps – Default: On, controls FVG zone display including active and mitigated imbalances
Show Liquidity Zones – Default: On, manages liquidity line visibility, disable on lower timeframes to reduce clutter
Show Market Structure – Default: On, toggles BOS/CHoCH label display
Show Smart Money Score – Default: On, controls score dashboard visibility
Order Block Settings
OB Lookback Period – Default: 20, Range: 5-100, controls bars scanned for Order Block patterns, lower values detect recent activity, higher values find older blocks
Min Volume Multiplier – Default: 1.5, Range: 1.0-5.0, sets minimum volume threshold as multiple of 20-period average, higher values (2.0+) filter for strongest institutional candles
Max Order Blocks to Display – Default: 3, Range: 1-10, limits simultaneous Order Blocks shown, lower settings (1-3) maintain focus on most recent zones
Fair Value Gap Settings
Min FVG Size (%) – Default: 0.3, Range: 0.1-2.0, defines minimum gap size as percentage of close price, lower values detect micro-imbalances, higher values focus on significant gaps
Max FVG Age (bars) – Default: 50, Range: 10-200, removes FVGs older than specified bars, lower settings (10-30) for scalping, higher (100-200) for swing trading
Show FVG Mitigation – Default: On, displays filled FVGs in gray providing visual history, disable to show only active untouched imbalances
Liquidity Zone Settings
Liquidity Lookback – Default: 50, Range: 20-200, sets pivot detection period for swing highs/lows, lower values (20-50) mark shorter-term liquidity, higher (100-200) identify major swings
Max Liquidity Age (bars) – Default: 100, Range: 20-500, removes liquidity lines older than specified bars, adjust based on timeframe
Liquidity Sensitivity – Default: 0.5, Range: 0.1-1.0, controls pivot detection sensitivity, lower values mark only major swings, higher values identify minor swings
Max Liquidity Zones to Display – Default: 3, Range: 1-10, limits total liquidity levels shown maintaining chart clarity
Market Structure Settings
Pivot Length – Default: 5, Range: 3-15, defines bars to left/right for pivot validation, lower values (3-5) create sensitive structure breaks, higher (10-15) filter for major shifts
Min Structure Move (%) – Default: 1.0, Range: 0.1-5.0, sets minimum percentage move required between pivots to confirm structure change
Multi-Timeframe Settings
Enable MTF Analysis – Default: On, activates higher timeframe trend analysis incorporation into Smart Money Score
Higher Timeframe Multiplier – Default: 4, Range: 2-10, multiplies current timeframe to determine analysis timeframe (4x on 15min = 1hour)
Visual Settings
Bullish Color – Default: Green (#089981), sets color for bullish Order Blocks, FVGs, and structure elements
Bearish Color – Default: Red (#f23645), defines color for bearish elements
Neutral Color – Default: Gray (#787b86), controls color of mitigated zones and neutral elements
Show Educational Labels – Default: On, displays text labels on zones identifying type (OB, FVG, BOS), disable once familiar with patterns
Order Block Transparency – Default: 92, Range: 80-98, controls Order Block box transparency
FVG Transparency – Default: 92, Range: 80-98, sets Fair Value Gap zone transparency independently from Order Blocks
Alert Settings
Alert on Order Block Formation – Default: On, triggers notification when new volume-validated Order Block detected
Alert on FVG Formation – Default: On, sends alert when Fair Value Gap appears enabling quick response to imbalances
Alert on Break of Structure – Default: On, notifies when BOS or CHoCH confirmed
Alert on High Smart Money Score – Default: On, alerts when Smart Money Score crosses above 70 threshold indicating high-probability setup
✅Best Use Cases
Order Block Retest Entries – After Break of Structure, wait for price retrace into fresh bullish Order Block with Smart Money Score >70, enter long on zone reaction targeting next liquidity level
Fair Value Gap Retracement Trading – When price creates FVG during strong move then retraces, enter as price approaches unfilled gap expecting institutional orders to continue trend
Liquidity Sweep Reversals – Monitor price approaching swing high/low liquidity zones against prevailing Smart Money Score trend, after stop hunt sweep watch for rejection into premium Order Block/FVG
Multi-Timeframe Confluence Setups – Identify alignment when current timeframe Order Block coincides with higher timeframe FVG plus MTF analysis showing matching trend bias
Break of Structure Continuations – After BOS confirms trend direction, trade pullbacks to nearest Order Block or FVG in direction of structure break using Smart Money Score >70 as entry filter
Change of Character Reversal Plays – When CHoCH detected indicating potential reversal, look for Smart Money Score pivot with opposing Order Block formation then enter on structure confirmation
⚠️Limitations
Lagging Pivot Calculations – Pivot-based features (Liquidity Zones, Market Structure) require bars to right of pivot for confirmation, meaning these elements identify levels retrospectively with delay equal to lookback period
Whipsaw in Ranging Markets – During choppy conditions, Order Blocks fail frequently and structure breaks produce false signals as Smart Money Score fluctuates without clear institutional bias, best used in trending markets
Volume Data Dependency – Order Block volume validation requires accurate volume data which may be incomplete on Forex pairs or limited in crypto exchange feeds
Subjectivity in Scoring Weights – Proprietary 25-20-20-20-15 weighting reflects general institutional behavior but may not optimize for specific instruments or market regimes, user cannot adjust factor weights
Visual Complexity on Lower Timeframes – Sub-hour timeframes generate excessive zones creating cluttered charts, requires aggressive display limit reduction and higher minimum thresholds
No Fundamental Integration – Indicator analyzes purely technical price action and volume without incorporating economic events, news catalysts, or fundamental shifts that override technical levels
💡What Makes This Unique
Unified SMC Ecosystem – Unlike indicators displaying Order Blocks OR FVGs OR Liquidity separately, SMFI combines all three institutional concepts plus market structure into single cohesive system
Proprietary Confidence Scoring – Rather than manual setup assessment, automated Smart Money Score quantifies probability by weighting five institutional dimensions into actionable 0-100 rating
Volume-Filtered Quality – Eliminates weak Order Blocks forming without institutional volume confirmation, ensuring displayed zones represent genuine accumulation/distribution
Adaptive Lifecycle Management – Automatically updates mitigation status and removes aged zones preventing trades on dead levels through continuous validity and age monitoring
Educational Integration – Built-in tooltips, labeled zones, and reference panel make indicator functional for both learning Smart Money Concepts and executing strategies
🔬How It Works
Order Block Detection – Scans for patterns where strong directional move follows counter-move creating last down-candle before rally (bullish OB) or last up-candle before sell-off (bearish OB), validates formations only when candle exhibits volume exceeding configurable multiple (default 1.5x) of 20-bar average volume
Fair Value Gap Identification – Compares current candle’s high/low against two-candles-prior low/high to detect price imbalances, calculates gap size as percentage of close and filters micro-gaps below minimum threshold (default 0.3%), monitors whether subsequent price fills 50% triggering mitigation status
Liquidity Zone Mapping – Employs pivot detection using configurable lookback (default 50 bars) to identify swing highs/lows where retail stops cluster, extends horizontal reference lines from pivot creation and applies age-based filtering to remove stale zones
Market Structure Analysis – Tracks pivot progression using structure-specific lookback (default 5 bars) to determine trend, confirms uptrend when new pivot high exceeds previous by minimum move percentage, detects Break of Structure when price breaks recent pivot level, flags Change of Character for potential reversals
Multi-Timeframe Confluence – When enabled, requests security data from higher timeframe (current TF × HTF multiplier, default 4x), compares HTF close against HTF 20-period MA to determine bias, contributes ±50 points to score ensuring alignment with institutional positioning on superior timeframe
Smart Money Score Calculation – Evaluates Order Block component via ATR-normalized distance producing max 100-point contribution weighted at 25%, assesses FVG factor through age penalty and distance at 20% weight, calculates Liquidity proximity at 20%, incorporates structure bias (±50-100 points) at 20%, adds MTF component at 15%, applies 3-period smoothing to reduce volatility
Visual Rendering and Lifecycle – Draws Order Block boxes, Fair Value Gap rectangles with color coding (green/red active, gray mitigated), extends liquidity dashed lines with fade-by-age opacity, plots BOS labels, displays Smart Money Score dashboard, continuously updates checking mitigation conditions and removing elements exceeding age/display limits
💡Note:
The Smart Money Flow Index combines multiple Smart Money Concepts into unified institutional order flow analysis. For optimal results, use the Smart Money Score as confluence filter rather than standalone entry signal – scores above 70 indicate high-probability setups but should be combined with risk management, higher timeframe bias, and market regime understanding.
Auto Fibonacci LevelsAuto Fibonacci Momentum Zones with Visible Range Table
Overview and Originality
The Auto Fibonacci Momentum Zones indicator offers a streamlined, static overlay of Fibonacci retracement levels inspired by extreme RSI momentum thresholds, enhanced with a dynamic table displaying the high and low of the currently visible chart range. This isn't a repackaged RSI oscillator or basic Fib drawer—common in TradingView's library—but a purposeful fusion of geometric harmony (Fibonacci ratios) with momentum psychology (RSI extremes at 35/85), projected as fixed horizontal reference lines on the price chart. The addition of the visible range table, powered by PineCoders' VisibleChart library, provides real-time context for the chart's current view, enabling traders to quickly assess range compression or expansion relative to these zones.
This script's originality stems from its "static momentum mapping": by hardcoding Fib levels on a dynamic chart, it creates universal psychological support/resistance lines that transcend specific assets or timeframes.
Unlike dynamic Fib tools that auto-adjust to price swings (risking noise in ranging markets) or standalone RSI plots (confined to panes), this delivers clean, bias-adjustable overlays for confluence analysis. The visible range table justifies the library integration—it's not a gratuitous add-on but a complementary tool that quantifies the "screen real estate" of price action, helping users correlate Fib touches with actual volatility. Drawn from original code (no auto-generation or public templates), it builds TradingView's body of knowledge by simplifying multi-tool workflows into one indicator, ideal for discretionary traders who value visual efficiency over algorithmic complexity.
How It Works: Underlying Concepts
Fibonacci retracements, derived from the Fibonacci sequence and the golden ratio (≈0.618), identify potential reversal points based on the idea that markets retrace prior moves in predictable proportions: shallow (23.6%, 38.2%), mid (50%), and deep (61.8%, 78.6%).
Adjustable Outputs
1. The "Invert Fibs" toggle (default: true) for bearish/topping bias, can be flipped aligning with trend context.
2. Fibonacci Levels: Seven semi-transparent horizontal lines are drawn using `hline()`:
- 0.0 at high (gray).
- 0.236: high - (range × 0.236) (light cyan, shallow pullback).
- 0.382: high - (range × 0.382) (teal, common retracement).
- 0.5: midpoint average (green, equilibrium).
- 0.618: high - (range × 0.618) (amber, golden pocket for reversals).
- 0.786: high - (range × 0.786) (orange, deep support).
- 1.0 at low (gray).
Colors progress from cool (shallow) to warm (deep) for intuitive scanning.
3. Optional Fib Labels: Right-edge text labels (e.g., "0.618") appear only if enabled, positioned at the last bar + offset for non-cluttering visibility.
4. Visible Range Table: Leveraging the VisibleChart library's `visible.high()` and `visible.low()` functions, a compact 2x2 table (top-right corner) updates on the last bar to show the extrema of bars currently in view. This mashup enhances utility: Fib zones provide fixed anchors, while the table's dynamic values reveal if price is "pinned" to a zone (e.g., visible high hugging 0.382 signals resistance). The library is invoked sparingly for performance, adding value by bridging static geometry with viewport-aware data—unavailable in built-ins without custom code.
How to Use It
1. Setup:
Add to any chart (e.g., 15M for scalps, Daily for swings). As an overlay, lines appear directly on price candles—adjust chart scaling if needed.
2. Input Tweaks:
Invert Fibs: Enable for downtrends (85 top), disable for uptrends (35 bottom).
Show Fibs: Toggle labels for ratio callouts (off for clean charts).
Show Table: Display/hide the visible high/low summary (red for high, green for low, formatted to 2 decimals).
3. Trading Application:
Zone Confluence: Seek price reactions at each fibonacci level—e.g., a doji at 0.618 + rising volume suggests entry; use 0.0/1.0 as invalidation.
Range Context: Check the table: If visible high/low spans <20% of the Fib arc (e.g., both near 0.5), anticipate breakout; wider spans signal consolidation.
Multi-Timeframe: Overlay on higher TF for bias, lower for precision—e.g., Daily Fibs guide 1H entries.
Enhancements: Pair with volume or candlesticks; set alerts on line crosses via TradingView's built-in tools. Backtest on your symbols to validate (e.g., equities favor 0.382, forex the 0.786).
This indicator automates advanced Fibonacci synthesis dynamically, eliminating manual measurement and calculations.
published by ozzy_livin
The Vishnu Zone Ver 2 by Dr. Sudhir Khollam## 📜 **The Vishnu Zone — Trade When the Brahma Zone Ends**
**Author:** Dr. Sudhir Khollam (SALSA© Method of Astrology & Market Psychology)
**Category:** Volatility Phase Detection / Bollinger Band Expansion Analysis
---
### 🔶 **Concept Overview**
In the **SALSA© Market Philosophy**, every market phase follows a cosmic rhythm —
* **Brahma Phase** represents *creation and expansion* (high volatility and strong directional movement).
* **Vishnu Phase** represents *maintenance and stability* (where expansion cools down and balanced opportunities appear).
**“The Vishnu Zone”** indicator identifies the exact moments when the **Brahma Phase ends** — signaling that the expansion has completed and the market is likely to enter a more stable, tradable state.
This is a **precision-timing indicator** that helps traders avoid entering at the end of impulsive phases and instead prepare for equilibrium-based trades (mean reversion, range setups, or steady trends).
---
### ⚙️ **How It Works**
The indicator measures **Bollinger Band Width (BBW)** to quantify expansion and contraction in volatility.
1. It calculates the **adaptive expansion threshold** using the average BBW over a rolling lookback period.
2. When the current BBW **drops below** this adaptive threshold **after being above it**, the script marks it as the **end of the Brahma Phase**.
3. This moment is shown visually as:
* 🕉 **“Vishnu” label** above the candle
* A **horizontal dotted line** extending for several bars
Together, these mark a **Vishnu Zone**, where the market transitions from expansion to consolidation — an ideal time for stabilization or entry planning.
---
### 📊 **Inputs & Settings**
| Parameter | Description |
| ---------------------------------- | ------------------------------------------------------------------------------ |
| **Bollinger Band Length** | The number of bars used for SMA and standard deviation (default 20). |
| **Bollinger Multiplier** | Determines the width of Bollinger Bands (default 2.0). |
| **Adaptive Lookback Period** | Rolling window to calculate the mean BBW for dynamic adjustment (default 150). |
| **Expansion Multiplier** | Multiplies the mean BBW to define the expansion threshold (default 1.35). |
| **Horizontal Line Extension Bars** | Number of bars to extend the Vishnu Zone line into the future (default 40). |
| **Show End-of-Brahma Labels?** | Toggle 🕉 labels on/off. |
| **Show Horizontal Lines?** | Toggle Vishnu Zone lines on/off. |
---
### 🔔 **Alerts**
When the **Brahma Phase ends**, the indicator triggers an alert:
> *“Brahma Phase Ends, Vishnu has taken over.”*
This helps traders receive real-time notification of volatility contraction and possible entry zones.
---
### 🧠 **Best Practices**
* Works effectively on **5-minute to 1-hour timeframes** for intraday trading.
* Best paired with **momentum or volume filters** to confirm trend exhaustion.
* Avoid entering during rapid expansion (Brahma phase). Wait for a Vishnu signal to ensure market stabilization.
---
### 🌌 **Philosophical Interpretation (SALSA© Principle)**
Just as Vishnu sustains the universe after Brahma’s creation, the market too enters a **maintenance phase** after every burst of expansion.
Recognizing this shift allows traders to align with **cosmic rhythm and price psychology**, not just technical metrics.
---
### 🧩 **Summary**
✅ Detects when expansion volatility ends
✅ Marks transition zones between impulsive and stable phases
✅ Sends real-time alerts
✅ Adaptive and self-adjusting across markets and assets
✅ Simple, clean visualization — ideal for disciplined trading
---
### ⚡ **Use Case**
Perfect for traders who:
* Prefer **low-risk entries** after volatility spikes
* Trade **mean reversion**, **range breakouts**, or **volatility collapses**
* Believe in the **cyclic nature of market energy**
---
Previous TPOIndicator Summary
This Pine Script indicator, "Previous TPO," is designed to calculate and display five key price levels from the previous trading day's market activity. It uses a 30-minute TPO (Time Price Opportunity) profile, which is a method of organizing price by time to find areas of high and low activity.
The five levels it plots on the current day are:
1. Previous Value Area High (VAH)
2. Previous Value Area Low (VAL)
3. Previous Point of Control (POC)
4. Previous Initial Balance High (IBH)
5. Previous Initial Balance Low (IBL)
The script is built to be efficient, running its main calculation only once at the beginning of each new day. It also includes an automatic line management system to delete old lines, preventing the "Too many lines" error and keeping the chart clean.
How the Code Works
1. Data Collection: At the start of a new day (00:00), the script looks back at the chart's history. It uses request.security to access 30-minute bar data.
2. Collector Loop: It then loops backward, bar by bar, to find and store 48 unique 30-minute High/Low data points, which represents the full 24-hour range of the previous day.
3. TPO Profile: With this 30-minute data, it builds a TPO profile. It divides the previous day's price range into small bins (price levels) and counts how many 30-minute periods "touched" each price bin.
4. Level Calculation:
o POC: It finds the price bin with the highest TPO count (the most traded price) and sets it as the Point of Control.
o VAH/VAL: It starts at the POC and expands outward, adding the next-most-traded price bins until 70% (or the user-defined percentage) of the day's TPOs are included. The highest and lowest prices of this range are the Value Area High and Value Area Low.
o IBH/IBL: It identifies the high and low of the first hour (the first two 30-minute bars) of the previous day to set the Initial Balance High and Initial Balance Low.
5. Drawing: The script draws these five levels as horizontal lines across the current trading day, providing a constant reference.
6. Line Management: It keeps track of all lines in an array. When the total number of lines exceeds the user's limit (e.g., 50 days * 5 lines = 250), it automatically deletes the oldest lines from the chart.
Usefulness for Trading
This indicator provides a powerful framework for intraday traders by contextualizing the current day's price action against the previous day's "auction."
• Key Support/Resistance: The VAH, VAL, and POC act as significant support and resistance lev-els. Price reacting at these levels can signal mean reversion, while acceptance beyond them can signal a trend or expansion day.
• Value Area as Context: Trading inside the previous day's value area (between VAH and VAL) is often seen as "balanced" or "range-bound" trading. Trading outside of it is "unbalanced" or "trending."
• POC as a "Magnet": The POC, being the area of highest volume/time, often acts as a "magnet" or "center of gravity" for price.
• Opening Range: The Initial Balance (IB) levels show the opening range. A breakout from this range is often a key signal for the day's initial direction.
• 80% Rule: The script contains (currently commented-out) setup logic for the "80% Rule." This is a specific Market Profile strategy where:
1. The market opens inside the previous day's Value Area.
2. The Initial Balance fails to extend outside the VA (e.g., in a short setup, the IB high stays below the VAH).
3. This setup suggests an 80% probability that the price will rotate and test the other side of the Value Area (e.g., test the VAL).
Publication and restrictions
This script is published under the Mozilla Public Licence 2.0 (MPL 2.0) and is therefore suitable for publi-cation as an open source indicator on TradingView.
Timeframe limitation: The indicator is designed for intraday timeframes. Timeframes below 10 minutes do not work and lead to an error. Recommended time frame 30 minutes.
It will not work correctly on:
Time frame under 10 minutes: The data collection loop (max_bars_to_check = 3000) is not large enough to collect the bars required for a full day on a 5-minute chart or smaller.
High time frames (e.g. 1H, 4H, Daily): The script's logic is based on a chart timeframe 30-minute data that it requests. If higher time frames are selected, the script works but the zones are no longer correct or become irrelevant.
Ahi Ultimate Script v6Ultimate Script v6 – a clean and flexible tool for monitoring price action:
Shows key moving lines for tracking market direction, with options to turn each line on or off.
Highlights short-term levels where price may react, using small horizontal lines.
Displays visual signals like “LONG” or “SELL” directly on the chart to help spot opportunities.
Marks important time-based ranges with colored boxes for quick reference.
All elements are clear, adjustable, and designed to keep your chart neat and easy to read
Niv Deal + Previ D W M + OPR + Asian🧭 Indicator Description (English)
Name: Niveaux Dealers + Previous D/W/M Auto + OPR + Asian Session
Platform: TradingView (Pine Script v6)
Type: Multi-module visual indicator for market structure and session ranges
🧩 Overview
This indicator combines three complementary modules to help traders visualize key market levels, opening ranges, and session dynamics — all in one comprehensive tool.
It is designed primarily for index and futures trading (e.g. NQ, ES, DAX), but can be applied to any market or timeframe.
MODULE 1 — Dealers Levels + Previous High/Low (Auto)
This first module automatically extracts and plots custom Dealer Levels and Previous Period Levels.
It can parse manually entered price levels (from a single text input) such as daily max/min, control levels, put supports, and call resistances — then draw horizontal lines and labels on the chart.
Features:
One text input for all dealer levels (easy copy-paste format).
Automatic parsing of prices from text (ignores irrelevant characters).
Groups of levels:
Maxima (Max 1D / Event / Extreme)
Minima (Min 1D / Event / Extreme)
Buyer/Seller Controls
Put Supports and Call Resistances
Independent color, style, and width for each line.
Transparent rectangular labels positioned perfectly on the levels.
Previous Daily, Weekly, and Monthly High/Low levels added automatically.
Optional summary table showing all levels and values in real time.
MODULE 2 — OPR (Opening Price Range)
The second module highlights the Opening Price Range, defined by the first 15 minutes (or any chosen period) of the trading session.
Features:
Fully configurable start and end time (local chart timezone).
Displays:
High, Low, and Midline (median)
Optional rectangle between high/low
Optional labels on each line
Independent color, line style, and thickness.
Works perfectly with non-standard sessions (e.g. 13:30–22:00 UTC for U.S. futures).
Uses local chart time instead of exchange time for intuitive control.
MODULE 3 — Asian Session Range
The third module draws the Asian trading session range, automatically detecting price action between configurable hours (default 17:00 → 01:00).
Features:
Adjustable start and end time (supports overnight sessions).
Plots Asian High, Asian Low, and Asian Middle (mid-range line).
Highlights the Asian box area with semi-transparent color.
Optional labels at the end of each level.
Fully synchronized with the chart’s local timezone (same logic as OPR).
Simple toggle to enable or disable the entire Asian module.
⚙️ Customization & Display
Each module can be toggled independently.
Colors, line styles (solid, dashed, dotted), and thickness are customizable.
Label visibility and extensions (left/right) can be adjusted.
The indicator is lightweight and optimized for real-time performance.
💡 Use Case
Traders can use this multi-module setup to:
Identify dealer reaction zones and institutional levels.
Track previous highs/lows for potential liquidity sweeps.
Monitor session ranges (Opening and Asian) for volatility shifts.
Combine all three perspectives (Dealer, Session, Historical) into one unified view.
Would you like me to rewrite this description in TradingView publication form
HTF Cross Breakout [CHE] HTF Cross Breakout — Detects higher timeframe close crossovers for breakout signals, anchors VWAP for trend validation, and flags continuations or traps with visual extensions for delta percent and stop levels.
Summary
This indicator spots moments when the current chart's close price crosses a higher timeframe close, marking potential breakouts only when the current bar shows directional strength. It anchors a volume-weighted average price line from the breakout point to track trend health, updating labels to show if the move continues or reverses into a trap. Extensions add a dotted line linking the breakout level to the current close with percent change display, plus a stop-loss marker at the VWAP end. Signals gain robustness from higher timeframe confirmation and anti-repainting options, reducing noise in live bars compared to simple crossover tools.
Motivation: Why this design?
Traders often face false breakouts from intrabar wiggles on lower timeframes, especially without higher timeframe alignment, leading to whipsaws in volatile sessions. This design uses higher timeframe close as a stable reference for crossover detection, combined with anchored volume weighting to gauge sustained momentum. It addresses these by enforcing bar confirmation and directional filters, providing clearer entry validation and risk points without overcomplicating the chart.
What’s different vs. standard approaches?
Reference baseline
Standard crossover indicators like moving average crosses operate solely on the chart timeframe, ignoring higher timeframe context and lacking volume anchoring.
Architecture differences
- Higher timeframe data pulls via security calls with optional repainting control for stability.
- Anchored VWAP resets at each signal, accumulating from the breakout bar only.
- Label dynamics update in real-time for continuation checks, with extensions for visual delta and stop computation.
- Event-driven line finalization prunes old elements after a set bar extension.
Practical effect
Charts show persistent lines and labels that extend live but finalize cleanly on new events, avoiding clutter. This matters for spotting trap reversals early via label color shifts, and extensions provide quick risk visuals without manual calculations, improving decision speed in trend trades.
How it works (technical)
The indicator first determines a higher timeframe based on user selection, pulling its close price securely. It checks for crossovers or crossunders of the current close against this higher close, but only triggers on confirmed bars with matching directional opens and closes. On a valid event, a horizontal line and label mark the higher close level, while a dashed VWAP line starts accumulating typical price times volume from that bar onward. During the active phase, the breakout line extends to the current bar, the label repositions and updates text based on whether the current close holds above or below the level for bulls or bears. A background tint warns if the close deviates adversely from the current VWAP. Extensions draw a vertical dotted line at the last bar between the breakout level and close, placing a midpoint label with percent difference; separately, a label at the VWAP end shows a computed stop price. Persistent variables track the active state and accumulators, resetting on new events after briefly extending old elements. Repaint risk from security calls is mitigated by confirmed bar gating or user opt-in.
Parameter Guide
Plateau Length (reserved for future, currently unused): Sets a length for potential plateau detection in extensions; default 3, minimum 1. Higher values would increase stability but are not active yet—leave at default to avoid tuning.
Line Width: Controls thickness of breakout, VWAP, and extension lines; default 2, range 1 to 5. Thicker lines improve visibility on busy charts but may obscure price action—use 1 for clean views, 3 or more for emphasis.
+Bars after next HTF event (finalize old, then delete): Extends old lines and labels by this many bars before deletion on new signals; default 20, minimum 0. Shorter extensions keep charts tidy but risk cutting visuals prematurely; longer aids review but builds clutter over time.
Evaluate label only on HTF close (prevents gray traps intrabar): When true, label updates wait for higher timeframe confirmation; default true. Enabling reduces intrabar flips for stabler signals, though it may delay feedback—disable for faster live trading at repaint cost.
Allow Repainting: Permits real-time security data without confirmation offset; default false. False ensures historical accuracy but lags live bars; true speeds updates but can repaint on HTF closes.
Timeframe Type: Chooses HTF method—Auto Timeframe (dynamic steps up), Multiplier (chart multiple), or Manual (fixed string); default Auto Timeframe. Auto adapts to chart scale for convenience; Multiplier suits custom scaling like 5 times current; Manual for precise like 1D on any chart.
Multiplier for Alternate Resolution: Scales chart timeframe when Multiplier type selected; default 5, minimum 1. Values near 1 mimic current resolution for subtle shifts; higher like 10 jumps to broader context, increasing signal rarity.
Manual Resolution: Direct timeframe string like 60 for 1H when Manual type; default 60. Match to trading horizon—shorter for swing, longer for positional—to balance frequency and reliability.
Show Extension 1: Toggles dotted line and delta percent label between breakout level and current close; default true. Disable to simplify for basic use, enable for precise momentum tracking.
Dotted Line Width: Thickness for Extension 1 line; default 2, range 1 to 5. Align with main Line Width for consistency.
Text Size: Size for delta percent label; options tiny, small, normal, large; default normal. Smaller reduces overlap on dense charts; larger aids glance reads.
Decimals for Δ%: Precision in percent change display; default 2, range 0 to 6. Fewer decimals speed reading; more suit low-volatility assets.
Positive Δ Color: Hue for upward percent changes; default lime. Choose contrasting for visibility.
Negative Δ Color: Hue for downward percent changes; default red. Pair with positive for quick polarity scan.
Dotted Line Color: Color for Extension 1 line; default gray. Neutral tones blend well; brighter for emphasis.
Background Transparency (0..100): Opacity for delta label background; default 90. Higher values fade for subtlety; lower solidifies for readability.
Show Extension 2: Toggles stop-loss label at VWAP end; default true. Turn off for entry focus only.
Stop Method: Percent from VWAP end or fixed ticks; options Percent, Ticks; default Percent. Percent scales with price levels; Ticks suits tick-based instruments.
Stop %: Distance as fraction of VWAP for Percent method; default 1.0, step 0.05, minimum 0.0. Tighter like 0.5 reduces risk but increases stops; wider like 2.0 allows breathing room.
Stop Ticks: Tick count offset for Ticks method; default 20, minimum 0. Adjust per asset volatility—fewer for tight control.
Price Decimals: Rounding for stop price text; default 4, range 0 to 10. Match syminfo.precision for clean display.
Text Size: Size for stop label; options tiny, small, normal, large; default normal. Scale to chart zoom.
Text Color: Foreground for stop text; default white. Ensure contrast with background.
Inherit VWAP Color (BG tint): Bases stop label background on VWAP hue; default true. True maintains theme; false allows custom black base.
BG Transparency (0..100): Opacity for stop label background; default 0. Zero for no tint; up to 100 for full fade.
Reading & Interpretation
Breakout lines appear green for bullish crosses or red for bearish, extending live until a new event finalizes them briefly then deletes. Labels start blank, updating to Bull Cont. or Bear Cont. in matching colors if holding the level, or gray Bull Trap/Bear Trap on reversal. VWAP dashes yellow for bulls, orange for bears, sloping with accumulated volume weight—deviations trigger faint red background warnings. Extension 1's dotted vertical shows at the last bar, with midpoint label green/red for positive/negative percent from breakout to close. Extension 2 places a left-aligned label at VWAP end with stop price and method note, tinted to VWAP for context.
Practical Workflows & Combinations
For trend following, enter long on green Bull Cont. labels above VWAP with higher highs confirmation, filtering via rising structure; short on red Bear Cont. below. Pair with volume surges or RSI above 50 for bulls to avoid traps. For exits, trail stops using the Extension 2 level, tightening on warnings or gray labels—aggressive on continuations, conservative post-trap. In multi-timeframe setups, use default Auto on 15m charts for 1H signals, scaling multiplier to 4 for daily context on hourly; test on forex/stocks where volume is reliable, avoiding low-liquidity assets.
Behavior, Constraints & Performance
Signals confirm on bar close with HTF gating when strict mode active, but live bars may update if repainting enabled—opt false for backtest fidelity, true for intraday speed. Security calls risk minor repaints on HTF closes, mitigated by confirmation offsets. Resources cap at 1000 bars back, 50 lines/labels total, with event prunes to stay under budgets—no loops, minimal arrays. Limits include VWAP lag in low-volume periods and dependency on accurate HTF data; gaps or holidays may skew anchors.
Sensible Defaults & Quick Tuning
Defaults suit 5m-1H charts on liquid assets: Auto HTF, no repaint, 1% stops. For choppy markets with excess signals, enable strict eval and bump multiplier to 10 for rarer triggers. If sluggish in trends, shorten extend bars to 10 and allow repainting for quicker visuals. On high-vol like crypto, widen stop % to 2.0 and use Ticks method; for stables like indices, tighten to 0.5% and keep Percent.
What this indicator is—and isn’t
This is a signal visualization layer for breakout confirmation and basic risk marking, best as a filter in discretionary setups. It isn’t a standalone system or predictive oracle—combine with price structure, news awareness, and sizing rules for real edges.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
PnL TrackerThis script allows you to manually input the details for up to 64 unique positions in the settings, each requiring a Symbol, Average Cost, and Quantity (Qty).
Key Features:
Average Cost Line: Plots a horizontal line on the chart corresponding to your recorded Average Cost for the security currently being viewed.
Real-Time PnL Label: A dynamic label attached to the Average Cost line provides an instant summary of your PnL in both percentage and currency for the last visible bar.
Detailed PnL Box: Displays a consolidated, easy-to-read table in the bottom-right corner of the chart, clearly showing:
The Symbol and Quantity of your position.
Your Average Cost.
The current PnL in percentage (%) and base currency (e.g., USD, EUR).
Visibility Controls: Toggles in the settings allow you to show or hide the Average Cost line and the PnL summary box independently.
This tool is perfect for actively managing and visualizing your multi-asset portfolio positions without leaving your main trading chart. Simply enter your positions in the indicator's settings, and the script will automatically track the PnL for the symbol matching the current chart.
X Trade Planlets you define up to 10 fully manual price levels and ranges—each with its own toggle, two prices (for a band/box), an optional note, and a color. The tool draws lines that start at the first bar of a chosen anchor timeframe (e.g., Daily) and extend to the right, mirroring the “fresh start-of-session” look. If two prices are entered, the area between them is shaded using the same color at 60% transparency, so the line and box fill are visually consistent.
Key Features
10 explicit categories (Cat 1 … Cat 10)
Each category includes:
Enable/disable toggle
Price 1 (line) and Price 2 (optional, defines box top/bottom)
Note (optional): label shows note only; hidden automatically if blank
Color: used for the line, box border, and box fill (with 60% transparency)
Anchor-aware drawing
Lines and boxes begin at the new bar of your selected Anchor Timeframe (e.g., D/W/H4), producing clean, session-style extensions.
Clean visuals
Line width is standardized at 1 for a crisp, unobtrusive look
Labels are aligned to the right of current bars and inherit user label styling options (size, text color, background)
No historical dependence
The indicator does not compute or display historical pivots, opens, or derived levels. Everything is user-defined.
Inputs (Per Category)
Cat N (toggle): Show/hide the category
Price 1: Primary level; a horizontal line is drawn when set
Price 2 (optional): When set with Price 1, a box is drawn between the two values
Note (optional): Free-text label; shown only if non-empty
Color: Applies to line, box border, and box fill (fill uses 60% transparency)
Global Inputs
Anchor Timeframe: Timeframe whose new bar defines the start (anchor) of all lines/boxes
Extend Right (bars): Number of bars to extend into the future
Labels (on/off) and label style options (size, text color, background)
How It Works
On the first bar and on each new bar of the anchor timeframe, the indicator captures the current bar index as the anchor for each category.
For each enabled category:
If Price 1 is set, the script draws a horizontal line from the anchor to extend_len bars into the future.
If Price 2 is also set, a box spanning Price 1 ↔ Price 2 is drawn from the anchor to the same future point.
If a Note is provided, a right-side label is rendered at the level (or box midpoint). If the note is empty, no label is shown.
Visual objects are refreshed every bar to ensure alignment with current settings.
Common Use Cases
Scenario planning & playbooks: Define “watch zones” (e.g., Look Above & Fail) and keep them consistent across sessions.
Manual S/R & liquidity areas: Mark hand-picked levels/ranges you care about, without auto-calculated clutter.
Session-like anchoring: Start-of-day/week anchoring to mimic institutional levels that reset each period.
Trade management: Color-coded bands for entries, invalidation, and targets with clear notes
RSI Zones Background + Optional RSI PaneOverview
This Pine Script indicator does two things at once:
Colors the background of the main price chart whenever the RSI value is below a lower threshold (default 30) or above an upper threshold (default 70). This highlights oversold and overbought zones directly on the price chart itself.
Optionally displays a separate RSI panel with the RSI line and shaded region between the two threshold levels for reference.
The indicator is fully customizable through the settings panel—color choices, transparency, and whether to show the separate RSI pane can all be adjusted.
Key Parts of the Code
1. Inputs
src: The source price series for RSI calculation.
len: RSI lookback length (default 14).
lowerThr and upperThr: The lower and upper thresholds (defaults: 30 and 70).
lowColor and highColor: Colors for the background when RSI is below or above the thresholds.
bgTrans: Transparency level for the background shading.
showRSI: Boolean to toggle the optional RSI pane on or off.
2. RSI Calculation
rsi = ta.rsi(src, len)
This computes the RSI from the chosen price source.
3. Background Coloring on the Price Chart
bgCol = rsi <= lowerThr ? color.new(lowColor,bgTrans) :
rsi >= upperThr ? color.new(highColor,bgTrans) :
na
bgcolor(bgCol)
If RSI ≤ lower threshold: background turns lowColor (oversold zone).
If RSI ≥ upper threshold: background turns highColor (overbought zone).
Otherwise, no background color.
4. Optional RSI Pane
plot(showRSI ? rsi : na, display=display.pane)
Plots the RSI line in a separate pane when showRSI is true; otherwise hides it.
5. Horizontal Lines for Thresholds
hLower = hline(lowerThr, ...)
hUpper = hline(upperThr, ...)
Two horizontal lines at the lower and upper thresholds.
Because hline() can’t be wrapped inside if blocks, the script always creates them but makes them transparent (using na color) when the pane is hidden.
6. Filling Between Threshold Lines
fill(hLower, hUpper, color=showRSI ? color.new(color.gray,95) : na)
When the RSI pane is visible, the area between the two threshold lines is shaded in gray to create a “mid-zone” effect. This fill also switches off (becomes na) if the pane is hidden.
7. Alerts
The script also includes two alert conditions:
When RSI crosses below the lower threshold.
When RSI crosses above the upper threshold.
How It Works in Practice
On the price chart, you’ll see the background turn blue (or your chosen color) when RSI is ≤30, and red when RSI is ≥70.
If you enable “Show RSI” in the settings, a separate RSI pane will appear below the price chart, plotting the RSI line with two threshold lines and a shaded region in between.
You can fully adjust transparency and colors to suit your chart style.
Benefits
Quickly visualize overbought and oversold conditions without opening a separate RSI window.
Optional RSI pane provides context when needed.
Customizable colors and transparency make it easy to integrate with any chart theme.
Alerts give you automatic notifications when RSI crosses key levels.
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개요
이 지표는 두 가지 기능을 동시에 수행합니다.
가격 차트 뒤 배경에 색상 표시
RSI 값이 설정한 하단 임계값(기본 30) 이하이거나 상단 임계값(기본 70) 이상일 때, 가격 차트 뒤쪽에 과매도·과매수 구간을 색으로 표시해줍니다.
선택적으로 RSI 보조창 표시
옵션을 켜면 별도의 RSI 패널이 나타나서 RSI 라인과 두 임계값(30, 70)을 연결한 구간을 음영 처리하여 보여줍니다.
설정 창에서 색상·투명도·보조창 표시 여부를 전부 조정할 수 있습니다.
코드 핵심 설명
1. 입력값
src: RSI 계산에 사용할 가격 소스(기본 종가).
len: RSI 기간(기본 14).
lowerThr / upperThr: RSI 하단·상단 임계값(기본 30, 70).
lowColor / highColor: RSI가 각각 하단 이하·상단 이상일 때 배경 색상.
bgTrans: 배경 투명도(0=불투명, 100=투명).
showRSI: RSI 보조창을 켜고 끌 수 있는 스위치.
2. RSI 계산
rsi = ta.rsi(src, len)
지정한 가격 소스를 기반으로 RSI를 계산합니다.
3. 가격 차트 배경 색칠
bgCol = rsi <= lowerThr ? color.new(lowColor,bgTrans) :
rsi >= upperThr ? color.new(highColor,bgTrans) :
na
bgcolor(bgCol)
RSI ≤ 하단 임계값 → lowColor(과매도 색)
RSI ≥ 상단 임계값 → highColor(과매수 색)
나머지 구간은 색상 없음.
4. 선택적 RSI 보조창
plot(showRSI ? rsi : na, display=display.pane)
showRSI가 켜져 있으면 RSI 라인을 보조창에 표시하고, 꺼져 있으면 숨깁니다.
5. 임계값 가로선
hLower = hline(lowerThr, ...)
hUpper = hline(upperThr, ...)
하단·상단 임계값을 가로선으로 표시합니다.
hline은 if 블록 안에서 쓸 수 없기 때문에 항상 그려지지만, 보조창이 꺼지면 색을 na로 처리해 안 보이게 합니다.
6. 임계값 사이 영역 음영 처리
fill(hLower, hUpper, color=showRSI ? color.new(color.gray,95) : na)
보조창이 켜져 있을 때만 두 가로선 사이를 회색으로 채워 “중립 구간”을 강조합니다.
7. 알림 조건
RSI가 하단 임계값을 아래로 돌파할 때 알림.
RSI가 상단 임계값을 위로 돌파할 때 알림.
실제 작동 모습
가격 차트 뒤쪽에 RSI ≤30이면 파란색, RSI ≥70이면 빨간색 배경이 나타납니다(색상은 설정에서 변경 가능).
RSI 보조창을 켜면, RSI 라인과 임계값 가로선, 그리고 그 사이 음영 영역이 함께 나타납니다.
투명도를 높이거나 낮추어 강조 정도를 조절할 수 있습니다.
장점
별도의 RSI창을 열지 않고도 가격 차트 배경만으로 과매수·과매도 상태를 직관적으로 확인 가능.
필요하면 보조창으로 RSI를 직접 확인하면서 임계값 가이드와 음영 영역을 함께 볼 수 있음.
색상·투명도를 자유롭게 조절할 수 있어 차트 스타일에 맞게 커스터마이징 가능.
RSI가 임계값을 돌파할 때 자동 알림을 받을 수 있음.
Specter Trend Cloud [ChartPrime]⯁ OVERVIEW
Specter Trend Cloud is a flexible moving-average–based trend tool that builds a colored “cloud” around market direction and highlights key retest opportunities. Using two adaptive MAs (short vs. long), offset by ATR for volatility adjustment, it shades the background with a gradient cloud that switches color on trend flips. When price pulls back to retest the short MA during an active trend, the script plots diamond markers and extends dotted levels from that retest price. If price later breaks through that level, the extension is terminated—giving traders a clean visual of valid vs. invalid retests.
⯁ KEY FEATURES
Multi-MA Core Engine:
Choose from SMA, EMA, SMMA (RMA), WMA, or VWMA as the base. The indicator tracks both a short-term MA (Length) and a longer twin (2 × Length).
Volatility-Adjusted Offset:
Both MAs are shifted by ATR(200) depending on trend direction—pulling them down in uptrends, up in downtrends—so the cloud reflects realistic breathing room instead of razor-thin bands.
Gradient Trend Cloud:
Between the two shifted MAs, the script fills a shaded region:
• Aqua cloud = bullish trend
• Orange cloud = bearish trend
Gradient intensity increases toward the active edge, providing a visual sense of strength.
Trend Flip Logic:
A flip occurs whenever the short MA crosses above or below the long MA. The cloud instantly changes color and begins tracking the new regime.
Retest Detection:
During an ongoing trend (no flip), if price retests the short MA within a 5-bar “cooldown,” the tool:
• Marks the retest with diamond shapes below/above the bar.
• Draws a dotted horizontal line from the retest price, extending into the future.
Automatic Level Termination:
If price later closes through that dotted level, the line disappears—keeping only active, respected retest levels on your chart.
⯁ HOW IT WORKS (UNDER THE HOOD)
MA Calculations:
ma1 = MA(src, Length), ma2 = MA(src, 2 × Length).
Trend = ma1 > ma2 (bull) or ma1 < ma2 (bear).
ATR shift offsets both ma1 and ma2 by ±ATR depending on trend.
Cloud Fill:
Plots ma1 and ma2 (invisible for long MA). Uses fill() with semi-transparent aqua/orange gradient between the two.
Retest Logic:
• Bullish retest: ta.crossover(low, ma1) while trend = bull.
• Bearish retest: ta.crossunder(high, ma1) while trend = bear.
Only valid if at least 5 bars have passed since last retest.
When triggered, it stores bar index and price, draws diamonds, and extends a dotted line.
Level Clearing:
If current high > retest upper line (bearish case) or low < retest lower line (bullish case), that line is deleted (stops extending).
⯁ USAGE
Use the cloud color as the higher-level trend bias (aqua = long, orange = short).
Look for diamonds + dotted lines as pullback/retest zones where trend continuation may launch.
If a retest level holds and price rebounds, it strengthens confidence in the trend.
If a retest level is broken, treat it as a warning of weakening trend or possible reversal.
Experiment with MA Type (SMA vs. EMA, etc.) to align sensitivity with your asset or timeframe.
Adjust Length for faster flips on low timeframes or smoother signals on higher ones.
⯁ CONCLUSION
Specter Trend Cloud combines trend detection, volatility-adjusted shading, and retest visualization into a single tool. The gradient cloud provides instant clarity on direction, while diamonds and dotted retest levels give you tactical entry/retest zones that self-clean when invalidated. It’s a versatile trend-following and confirmation layer, adaptable across multiple assets and styles.
Analitica Trading — Previous Day SR (2 lines + labels) 2.0📊 Analitica Trading — Previous Day SR (Support & Resistance)
This indicator displays the previous day’s key levels on any timeframe:
Prev High → Green horizontal line with label.
Prev Low → Red horizontal line with label.
🔹 Stable across timeframes: The levels are calculated from the daily candles and remain fixed, no matter if you switch to 1D, 1H, or 5m.
🔹 Simple & clean: Exactly two lines only (no duplicates).
🔹 Price labels included: Each line has a clear tag showing the exact level.
🔹 Dynamic update: Lines refresh automatically at the start of each new daily session.
🔹 Alerts: Optional alerts trigger when the price breaks above the Prev High or below the Prev Low.
💡 Ideal for support/resistance trading, breakouts, and Smart Money Concepts (SMC) strategies.
Interval Price AlertsInterval Price Alerts
A versatile indicator that creates horizontal price levels with customizable alerts. Perfect for tracking multiple price levels simultaneously without having to create individual horizontal lines manually.
Features:
• Create evenly spaced price levels between a start and end price
• Customizable price interval spacing
• Optional price labels with flexible positioning
• Alert capabilities for both price crossovers and crossunders
• Highly customizable visual settings
Settings Groups:
1. Price Settings
• Start Price: The lower boundary for price levels
• End Price: The upper boundary for price levels
• Price Interval: The spacing between price levels
2. Line Style
• Line Color: Choose any color for the price level lines
• Line Style: Choose between Solid, Dashed, or Dotted lines
• Line Width: Adjustable from 2-4 pixels (optimized for opacity)
• Line Opacity: Control the transparency of lines (0-100%)
3. Label Style
• Show Price Labels: Toggle price labels on/off
• Label Color: Customize label text color
• Label Size: Choose from Tiny, Small, Normal, or Large
• Label Position: Place labels on Left or Right side
• Label Background: Set the background color
• Background Opacity: Control label background transparency
• Text Opacity: Adjust label text transparency
4. Alert Settings
• Alert on Crossover: Enable/disable upward price cross alerts
• Alert on Crossunder: Enable/disable downward price cross alerts
Usage Tips:
• Great for marking key price levels, support/resistance zones
• Useful for tracking multiple entry/exit points
• Perfect for scalping when you need to monitor multiple price levels
• Ideal for pre-market planning and level setting
Notes:
• Line width starts at 2 for optimal opacity rendering
• Labels can be fully customized or hidden completely
• Alert messages include the symbol and price level crossed
Wickless Heikin Ashi B/S [CHE]Wickless Heikin Ashi B/S \
Purpose.
Wickless Heikin Ashi B/S \ is built to surface only the cleanest momentum turns: it prints a Buy (B) when a bullish Heikin-Ashi candle forms with virtually no lower wick, and a Sell (S) when a bearish Heikin-Ashi candle forms with no upper wick. Optional Lock mode turns these into one-shot signals that hold the regime (bull or bear) until the opposite side appears. The tool can also project dashed horizontal lines from each signal’s price level to help you manage entries, stops, and partial take-profits visually.
How it works.
The indicator computes standard Heikin-Ashi values from your chart’s OHLC. A bar qualifies as bullish if its HA close is at or above its HA open; bearish if below. Then the wick on the relevant side is compared to the bar’s HA range. If that wick is smaller than your selected percentage threshold (plus a tiny tick epsilon to avoid rounding noise), the raw condition is considered “wickless.” Only one side can fire; on the rare occasion both raw conditions would overlap, the bar is ignored to prevent false dual triggers. When Lock is enabled, the first valid signal sets the active regime (background shaded light green for bull, light red for bear) and suppresses further same-side triggers until the opposite side appears, which helps reduce overtrading in chop.
Why wickless?
A missing wick on the “wrong” side of a Heikin-Ashi candle is a strong hint of persistent directional pressure. In practice, this filters out hesitation bars and many mid-bar flips. Traders who prefer entering only when momentum is decisive will find wickless bars useful for timing entries within an established bias.
Visuals you get.
When a valid buy appears, a small triangle “B” is plotted below the bar and a green dashed line can extend to the right from the signal’s HA open price. For sells, a triangle “S” above the bar and a red dashed line do the same. These lines act like immediate, price-anchored references for stop placement and profit scaling; you can shift the anchor left by a chosen number of bars if you prefer the line to start a little earlier for visual alignment.
How to trade it
Establish context first.
Pick a timeframe that matches your style: intraday index or crypto traders often use 5–60 minutes; swing traders might prefer 2–4 hours or daily. The tool is agnostic, but the cleanest results occur when the market is already trending or attempting a fresh breakout.
Entry.
When a B prints, the simplest rule is to enter long at or just after bar close. A conservative variation is to require price to take out the high of the signal bar in the next bar(s). For S, invert the logic: enter short on or after close, or only if price breaks the signal bar’s low.
Stop-loss.
Place the stop beyond the opposite extreme of the signal HA bar (for B: under the HA low; for S: above the HA high). If you prefer a static reference, use the dashed line level (signal HA open) or an ATR buffer (e.g., 1.0–1.5× ATR(14)). The goal is to give the trade enough room that normal noise does not immediately knock you out, while staying small enough to keep the risk contained.
Take-profit and management.
Two pragmatic approaches work well:
R-multiple scaling. Define your initial risk (distance from entry to stop). Scale out at 1R, 2R, and let a runner go toward 3R+ if structure holds.
Trailing logic. Trail behind a short moving average (e.g., EMA 20) or progressive swing points. Many traders also exit on the opposite signal when Lock flips, especially on faster timeframes.
Position sizing.
Keep risk per trade modest and consistent (e.g., 0.25–1% of account). The indicator improves timing; it does not replace risk control.
Settings guidance
Max lower wick for Bull (%) / Max upper wick for Bear (%).
These control how strict “wickless” must be. Tighter values (0.3–1.0%) yield fewer but cleaner signals and are great for strong trends or low-noise instruments. Looser values (1.5–3.0%) catch more setups in volatile markets but admit more noise. If you notice too many borderline bars triggering during high-volatility sessions, increase these thresholds slightly.
Lock (one-shot until opposite).
Keep Lock ON when you want one decisive signal per leg, reducing noise and signal clusters. Turn it OFF only if your plan intentionally scales into trends with multiple entries.
Extended lines & anchor offset.
Leave lines ON to maintain a visual memory of the last trigger levels. These often behave like near-term support/resistance. The offset simply lets you start that line one or more bars earlier if you prefer the look; it does not change the math.
Colors.
Use distinct bull/bear line colors you can read easily on your theme. The default lime/red scheme is chosen for clarity.
Practical examples
Momentum continuation (long).
Price is above your baseline (e.g., EMA 200). A B prints with a tight lower wick filter. Enter on close; stop under the signal HA low. Price pushes up in the next bars; you scale at 1R, trail the rest with EMA 20, and finally exit when a distant S appears or your trail is hit.
Breakout confirmation (short).
Following a range, price breaks down and prints an S with no upper wick. Enter short as the bar closes or on a subsequent break of the signal bar’s low. If the next bar immediately rejects and prints a bullish HA bar, your stop above the signal HA high limits damage. Otherwise, ride the move, harvesting partials as the red dashed line remains unviolated.
Alerts and automation
Set alerts to “Once Per Bar Close” for stability.
Bull ONE-SHOT fires when a valid buy prints (and Lock allows it).
Bear ONE-SHOT fires for sells analogously.
With Lock enabled, you avoid multiple pings in the same direction during a single leg—useful for webhooks or mobile notifications.
Reliability and limitations
The script calculates from completed bars and does not use higher-timeframe look-ahead or repainting tricks. Heikin-Ashi smoothing can lag turns slightly, which is expected and part of the design. In narrow ranges or whipsaw conditions, signals naturally thin out; if you must trade ranges, either tighten the wick filters and keep Lock ON, or add a trend/volatility filter (e.g., trade B only above EMA 200; S only below). Remember: this is an indicator, not a strategy. If you want exact statistics, port the triggers into a strategy and backtest with your chosen entry, stop, and exit rules.
Final notes
Wickless Heikin Ashi B/S \ is a precision timing tool: it waits for decisive, wickless HA bars, provides optional regime locking to reduce noise, and leaves clear price anchors on your chart for disciplined management. Use it with a simple framework—trend bias, fixed risk, and a straightforward exit plan—and it will keep your execution consistent without cluttering the screen or your decision-making.
Disclaimer: This indicator is for educational use and trade assistance only. It is not financial advice. You alone are responsible for your risk and results.
Enhance your trading precision and confidence with Wickless Heikin Ashi B/S ! 🚀
Happy trading
Chervolino
Today's 5min HH/LL LinesOverview
This indicator identifies the highest high (HH) and lowest low (LL) formed by the first 5 one-minute candles of the current trading day. Once calculated, it plots continuous horizontal lines at those price levels for the remainder of the day.
How it works
The script internally requests 1-minute data for the current symbol, regardless of your chart’s timeframe.
At the start of each new trading day, it resets counters.
It captures the highest high and lowest low across the first five completed 1-minute candles.
After the 5th one-minute bar closes, it draws:
A green horizontal line at the highest high.
A red horizontal line at the lowest low.
These lines extend to the right, covering the entire trading session, and automatically scale with zoom/pan.
At the next session, the old lines are deleted and recalculated for the new day.
Use cases
Helps spot early intraday support and resistance zones.
Useful for breakout or reversal strategies that monitor when price breaches the first 5-minute range (derived from 5x1m bars).
Can be combined with volume, momentum, or candlestick signals for high-probability entries.
Key features
Works on any timeframe — always uses 1-minute data for precision.
Shows lines only for the current day (no clutter from prior sessions).
Lines are dynamic and adaptive — they remain fixed at the calculated price but extend continuously across the chart.
Volatility Cone Forecaster Lite [PhenLabs]📊 Volatility Cone Forecaster
Version: PineScript™v6
📌Description
The Volatility Cone Forecaster (VCF) is an advanced indicator designed to provide traders with a forward-looking perspective on market volatility. Instead of merely measuring past price fluctuations, the VCF analyzes historical volatility data to project a statistical “cone” that outlines a probable range for future price movements. Its core purpose is to contextualize the current market environment, helping traders to anticipate potential shifts from low to high volatility periods (and vice versa). By identifying whether volatility is expanding or contracting relative to historical norms, it solves the critical problem of preparing for significant market moves before they happen, offering a clear statistical edge in strategy development.
This indicator moves beyond lagging measures by employing percentile analysis to rank the current volatility state. This allows traders to understand not just what volatility is, but how significant it is compared to the recent past. The VCF is built for discretionary traders, system developers, and options strategists who need a sophisticated understanding of market dynamics to manage risk and identify high-probability opportunities.
🚀Points of Innovation
Forward-Looking Volatility Projection: Unlike standard indicators that only show historical data, the VCF projects a statistical cone of future volatility.
Percentile-Based Regime Analysis: Ranks current volatility against historical data (e.g., 90th, 75th percentiles) to provide objective context.
Automated Regime Detection: Automatically identifies and labels the market as being in a ‘High’, ‘Low’, or ‘Normal’ volatility regime.
Expansion & Contraction Signals: Clearly indicates whether volatility is currently increasing or decreasing, signaling shifts in market energy.
Integrated ATR Comparison: Plots an ATR-equivalent volatility measure to offer a familiar point of reference against the statistical model.
Dynamic Visual Modeling: The cone visualization directly on the price chart provides an intuitive guide for future expected price ranges.
🔧Core Components
Realized Volatility Engine: Calculates historical volatility using log returns over multiple user-defined lookback periods (short, medium, long) for a comprehensive view.
Percentile Analysis Module: A custom function calculates the 10th, 25th, 50th, 75th, and 90th percentiles of volatility over a long-term lookback (e.g., 252 days).
Forward Projection Calculator: Uses the calculated volatility percentiles to mathematically derive and draw the upper and lower bounds of the future volatility cone.
Volatility Regime Classifier: A logic-based system that compares current volatility to the historical percentile bands to classify the market state.
🔥Key Features
Customizable Lookback Periods: Adjust short, medium, and long-term lookbacks to fine-tune the indicator’s sensitivity to different market cycles.
Configurable Forward Projection: Set the number of days for the forward cone projection to align with your specific trading horizon.
Interactive Display Options: Toggle visibility for percentile labels, ATR levels, and regime coloring to customize the chart display.
Data-Rich Information Table: A clean, on-screen table displays all key metrics, including current volatility, percentile rank, regime, and trend.
Built-in Alert Conditions: Set alerts for critical events like volatility crossing the 90th percentile, dropping below the 10th, or switching between expansion and contraction.
🎨Visualization
Volatility Cone: Shaded bands projected onto the future price axis, representing the probable price range at different statistical confidence levels (e.g., 75th-90th percentile).
Color-Coded Volatility Line: The primary volatility plot dynamically changes color (e.g., red for high, green for low) to reflect the current volatility regime, providing instant context.
Historical Percentile Bands: Horizontal lines plotted across the indicator pane mark the key percentile levels, showing how current volatility compares to the past.
On-Chart Labels: Clear labels automatically display the current volatility reading, its percentile rank, the detected regime, and trend (Expanding/Contracting).
📖Usage Guidelines
Setting Categories
Short-term Lookback: Default: 10, Range: 5-50. Controls the most sensitive volatility calculation.
Medium-term Lookback: Default: 21, Range: 10-100. The primary input for the current volatility reading.
Long-term Lookback: Default: 63, Range: 30-252. Provides a baseline for long-term market character.
Percentile Lookback Period: Default: 252, Range: 100-1000. Defines the period for historical ranking; 252 represents one trading year.
Forward Projection Days: Default: 21, Range: 5-63. Determines how many bars into the future the cone is projected.
✅Best Use Cases
Breakout Trading: Identify periods of deep consolidation when volatility falls to low percentile ranks (e.g., below 25th) and begins to expand, signaling a potential breakout.
Mean Reversion Strategies: Target trades when volatility reaches extreme high percentile ranks (e.g., above 90th), as these periods are often unsustainable and lead to contraction.
Options Strategy: Use the cone’s projected upper and lower bounds to help select strike prices for strategies like iron condors or straddles.
Risk Management: Widen stop-losses and reduce position sizes when the indicator signals a transition into a ‘High’ volatility regime.
⚠️Limitations
Probabilistic, Not Predictive: The cone represents a statistical probability, not a guarantee of future price action. Extreme, unpredictable news events can drive prices outside the cone.
Lagging by Nature: All calculations are based on historical price data, meaning the indicator will always react to, not pre-empt, market changes.
Non-Directional: The indicator forecasts the *magnitude* of future moves, not the *direction*. It should be paired with a directional analysis tool.
💡What Makes This Unique
Forward Projection: Its primary distinction is projecting a data-driven, statistical forecast of future volatility, which standard oscillators do not do.
Contextual Analysis: It doesn’t just provide a number; it tells you what that number means through percentile ranking and automated regime classification.
🔬How It Works
1. Data Calculation:
The indicator first calculates the logarithmic returns of the asset’s price. It then computes the annualized standard deviation of these returns over short, medium, and long-term lookback periods to generate realized volatility readings.
2. Percentile Ranking:
Using a 252-day lookback, it analyzes the history of the medium-term volatility and determines the values that correspond to the 10th, 25th, 50th, 75th, and 90th percentiles. This builds a statistical map of the asset’s volatility behavior.
3. Cone Projection:
Finally, it takes these historical percentile values and projects them forward in time, calculating the potential upper and lower price bounds based on what would happen if volatility were to run at those levels over the next 21 days.
💡Note:
The Volatility Cone Forecaster is most effective on daily and weekly charts where statistical volatility models are more reliable. For lower timeframes, consider shortening the lookback periods. Always use this indicator as part of a comprehensive trading plan that includes other forms of analysis.
Liquidity Lines 2.0Liquidity Lines Indicator Description:
This indicator detects points of liquidity based on reversals in price action. It simulates simple moving average (SMA) candles and identifies when raw price candles engulf either the low of a bullish SMA candle or the high of a bearish SMA candle. The liquidity point is then placed at the high of the bearish SMA candle or the low of the bullish SMA candle. These levels often correspond to areas where many traders place stop-loss orders and can provide insight into where “smart money” might be hunting liquidity.
Features and Alerts:
Liquidity Lines automatically track upper and lower liquidity levels and plot them as customizable horizontal lines on the chart. Users can adjust line length, color, width, and style, and choose whether lines extend to the right. The indicator also detects when these liquidity levels are “swept” by price and triggers alerts in real time, allowing traders to be notified of potential stop-loss hunts or key market reactions as they happen. This makes it easy to monitor critical liquidity zones without constantly watching the chart.
How to Use Strategically:
Traders can use these liquidity points to anticipate potential price reactions. For example, if price approaches a lower liquidity line from above, it may act as support or a zone where stop orders are being triggered. Conversely, an upper liquidity line may act as resistance or a trigger zone for stops above the market. Combining these levels with your existing market structure, trend analysis, or confirmation signals can help identify high-probability entries, exits, and areas where smart money activity may occur.
Parabolic Move Indicator for catching moves with Penny Stocks.
Catch the day’s first big moves! Track premarket gap-ups or gap-downs, then spot early momentum shifts using volume, RSI, VWAP, EMAs, and breakout levels—perfect for acting on strong intraday setups right at market open.
**Description:**
The Parabolic Move Scanner + VWAP Bands + EMAs indicator helps traders identify **high-probability intraday moves**, particularly immediately after market open. It is ideal for stocks that **gap up or down premarket, pull back slightly, and then show renewed strength or weakness** once regular trading begins.
The indicator combines multiple components for precise signals:
* **Relative Volume Filter: ** Highlights bars with unusually high activity to ensure signals are backed by real participation.
* **RSI Momentum Change: ** Detects sudden momentum shifts to identify early strength or weakness.
* **Recent Highs/Lows Breakout: ** Confirms price is breaking short-term resistance or support.
* **VWAP & Standard Deviation Bands: ** Provides intraday trend reference points, with optional daily reset.
* **Exponential Moving Averages (EMAs): ** Tracks trend across short, medium, and long-term intraday periods.
* **Visual Signals: ** Background highlights and horizontal breakout lines make it easy to spot key bars.
* **Alerts: ** Configurable alerts notify you of bullish or bearish parabolic moves.
**Optimal Use Case: **
Use in the first 15–30 minutes after market open at 1 minute Time Frame. Best for **stocks showing a premarket gap followed by a pullback**, then resuming strength (bullish) or weakness (bearish). The combination of **volume, RSI, breakouts, VWAP, and EMAs** ensures you identify the **day’s biggest marktet open moves especially with penny stocks moves** with higher confidence.
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### **Recommended Settings**
**Component** | **Recommended Setting** | **Description / Purpose**
| **Volume Average Length** | 20 bars | Period for calculating average volume to detect relative spikes. |
| **Volume Multiplier** | 2.0 | Current bar volume must exceed 2× average to signal high activity. |
| **RSI Length** | 7 bars | Short-term RSI period to measure momentum changes. |
| **RSI Change Threshold** | 7 | Minimum RSI change required to trigger momentum signal. |
| **Recent Highs Lookback** | 5 bars | Number of bars to check for short-term breakout levels. |
| **Horizontal Line Length** | 10 bars | Length of horizontal breakout line drawn on the chart. |
| **Horizontal Line Color** | Green (bullish) / Red (bearish) | Visual identification of breakout levels. |
| **Horizontal Line Thickness** | 1 | Line width for breakout visualization. |
| **VWAP Source** | hlc3 | Price source for VWAP calculation. |
| **VWAP Bands Multipliers** | 1×, 2×, 3× | Standard deviation multiples for intraday bands.
| **VWAP Daily Reset** | Enabled | Resets VWAP at the start of each trading day.
| **EMA Lengths** | 9, 13, 20, 33, 50 | Short, medium, and long-term EMAs to track intraday trend. |
| **Enable Bearish Signals** | True | Allows detection of bearish parabolic moves. |
|
Previous Day OHLC Dashboard (Last N Days)Indicator: Previous Day OHLC Dashboard (Multi-Day)
This indicator displays a dashboard-style table on your chart that shows the Open, High, Low, and Close (OHLC) of the previous trading days. It’s designed to help traders quickly reference key daily levels that often act as important support and resistance zones.
🔑 Features:
Dashboard Table: Shows OHLC data for the last N trading days (default = 3, up to 10).
Customizable Appearance:
Change the position of the dashboard (Top-Right, Top-Left, Bottom-Right, Bottom-Left).
Adjust text size (Tiny → Huge).
Customize colors for header, labels, and each OHLC column.
Yesterday’s OHLC Lines (optional): Plots horizontal lines on the chart for the previous day’s Open, High, Low, and Close.
Intraday & Multi-Timeframe Compatible: Works on all timeframes below Daily — values update automatically from the daily chart.
📊 Use Cases:
Quickly identify yesterday’s key levels for intraday trading.
Track how current price reacts to previous day’s support/resistance.
Keep a multi-day reference for trend bias and range context.
⚙️ How it Works:
The indicator pulls daily OHLC values using request.security() with lookahead_on to ensure prior day’s values are extended across the next session.
These values are displayed in a compact table for quick reference.
Optionally, the most recent daily levels (D-1) are plotted as chart lines.
✅ Perfect for day traders, scalpers, and swing traders who rely on yesterday’s price action to plan today’s trades.
