[Top] Simple ATR TP/SLSimple TP/SL from ATR (Locked per Bar) - Advanced Position Management Tool
What This Indicator Does:
Automatically calculates and displays Take Profit (TP) and Stop Loss (SL) levels based on Average True Range (ATR)
Locks ATR values and direction signals at the start of each bar to prevent repainting and provide consistent levels
Offers multiple direction detection modes including real-time candle-based positioning for dynamic trading approaches
Displays entry, TP, and SL levels as clean horizontal lines that extend from the current bar
Original Features That Make This Script Unique:
Bar-Locked ATR System: ATR values are captured and frozen at bar open, ensuring levels remain stable throughout the bar's progression
Multi-Modal Direction Detection: Four distinct modes for determining TP/SL positioning - Trend Following (EMA-based), Bullish Only, Bearish Only, and real-time Candle Based
Real-Time Candle Flipping: In Candle Based mode, TP/SL levels flip immediately when the current candle changes from bullish to bearish or vice versa
Persistent Line Management: Uses efficient line object management to prevent ghost lines and maintain clean visual presentation
Flexible Base Price Selection: Choose between Open (static), Close (dynamic), or midpoint (H+L)/2 for entry level calculation
How The Algorithm Works:
ATR Calculation: Captures ATR value at each bar open using specified length parameter, maintaining consistency throughout the bar
Direction Determination: Uses different methods based on selected mode - EMA crossover for trend following, or real-time candle color for dynamic positioning
Level Calculation: TP level = Base Price + (Direction × TP Multiplier × ATR), SL level = Base Price - (Direction × SL Multiplier × ATR)
Visual Management: Creates persistent line objects once, then updates their positions every bar for optimal performance
Direction Modes Explained:
Trend Following: Uses 5-period and 12-period EMA relationship to determine trend direction (locked at bar open)
Bullish Only: Always places TP above and SL below entry (traditional long setup)
Bearish Only: Always places TP below and SL above entry (traditional short setup)
Candle Based: Dynamically adjusts based on current candle direction - flips in real-time as candle develops
Key Input Parameters:
ATR Length: Period for ATR calculation (default 14) - longer periods provide smoother volatility measurement
TP Multiplier: Take profit distance as multiple of ATR (default 1.0) - higher values target larger profits
SL Multiplier: Stop loss distance as multiple of ATR (default 1.0) - higher values allow more room for price movement
Base Price: Reference point for level calculations - Open for static entry, Close for dynamic tracking
Direction Mode: Method for determining whether TP goes above or below entry level
How To Use This Indicator:
For Position Sizing: Use the displayed SL distance to calculate appropriate position size based on your risk tolerance
For Entry Timing: Wait for price to approach the entry level before taking positions
For Risk Management: Set your actual stop loss orders at or near the displayed SL level
For Profit Taking: Use the TP level as initial profit target, consider scaling out at this level
Mode Selection: Choose Candle Based for scalping and quick reversals, Trend Following for swing trading
Visual Style Customization:
Line Colors: Customize TP line color (default teal) and SL line color (default orange) for easy identification
Line Widths: Adjust TP/SL line thickness (1-5) and entry line thickness (1-3) for visibility preferences
Clean Display: Lines extend 3 bars forward from current bar and update position dynamically
Best Practices:
Use on clean charts without multiple overlapping indicators for clearest visual interpretation
Combine with volume analysis and key support/resistance levels for enhanced decision making
Adjust ATR length based on your trading timeframe - shorter for scalping, longer for position trading
Test different TP/SL multipliers based on the volatility characteristics of your chosen instruments
Consider using Trend Following mode during strong trending periods and Candle Based during ranging markets
Cari dalam skrip untuk "horizontal line"
Multi HTF High/Low LevelsThis indicator plots the previous high and low from up to four user-defined higher timeframes (HTF), providing crucial levels of support and resistance. It's designed to be both powerful and clean, giving you a clear view of the market structure from multiple perspectives without cluttering your chart.
Key Features:
Four Customizable Timeframes: Configure up to four distinct higher timeframes (e.g., 1-hour, 4-hour, Daily, Weekly) to see the levels that matter most to your trading style.
Automatic Visibility: The indicator is smart. It automatically hides levels from any timeframe that is lower than your current chart's timeframe. For example, if you're viewing a Daily chart, the 4-hour levels won't be shown.
Clean On-Chart Lines: The high and low for each timeframe are displayed as clean, extended horizontal lines, but only for the duration of the current higher-timeframe period. This keeps your historical chart clean while still showing the most relevant current levels.
Persistent Price Scale Labels: For easy reference, the price of each high and low is always visible on the price scale and in the data window. This is achieved with an invisible plot, giving you the accessibility of a plot without the visual noise.
How to Use:
Go into the indicator settings.
Under each "Timeframe" group, check the "Show" box to enable that specific timeframe.
Select your desired timeframe from the dropdown menu.
The indicator will automatically calculate and display the previous high and low for each enabled timeframe.
Crypto Options Greeks & Volatility Analyzer [BackQuant]Crypto Options Greeks & Volatility Analyzer
Overview
The Crypto Options Greeks & Volatility Analyzer is a comprehensive analytical tool that calculates Black-Scholes option Greeks up to the third order for Bitcoin and Ethereum options. It integrates implied volatility data from VOLMEX indices and provides multiple visualization layers for options risk analysis.
Quick Introduction to Options Trading
Options are financial derivatives that give the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price (strike price) within a specific time period (expiration date). Understanding options requires grasping two fundamental concepts:
Call Options : Give the right to buy the underlying asset at the strike price. Calls increase in value when the underlying price rises above the strike price.
Put Options : Give the right to sell the underlying asset at the strike price. Puts increase in value when the underlying price falls below the strike price.
The Language of Options: Greeks
Options traders use "Greeks" - mathematical measures that describe how an option's price changes in response to various factors:
Delta : How much the option price moves for each $1 change in the underlying
Gamma : How fast delta changes as the underlying moves
Theta : Daily time decay - how much value erodes each day
Vega : Sensitivity to implied volatility changes
Rho : Sensitivity to interest rate changes
These Greeks are essential for understanding risk. Just as a pilot needs instruments to fly safely, options traders need Greeks to navigate market conditions and manage positions effectively.
Why Volatility Matters
Implied volatility (IV) represents the market's expectation of future price movement. High IV means:
Options are more expensive (higher premiums)
Market expects larger price swings
Better for option sellers
Low IV means:
Options are cheaper
Market expects smaller moves
Better for option buyers
This indicator helps you visualize and quantify these critical concepts in real-time.
Back to the Indicator
Key Features & Components
1. Complete Greeks Calculations
The indicator computes all standard Greeks using the Black-Scholes-Merton model adapted for cryptocurrency markets:
First Order Greeks:
Delta (Δ) : Measures the rate of change of option price with respect to underlying price movement. Ranges from 0 to 1 for calls and -1 to 0 for puts.
Vega (ν) : Sensitivity to implied volatility changes, expressed as price change per 1% change in IV.
Theta (Θ) : Time decay measured in dollars per day, showing how much value erodes with each passing day.
Rho (ρ) : Interest rate sensitivity, measuring price change per 1% change in risk-free rate.
Second Order Greeks:
Gamma (Γ) : Rate of change of delta with respect to underlying price, indicating how quickly delta will change.
Vanna : Cross-derivative measuring delta's sensitivity to volatility changes and vega's sensitivity to price changes.
Charm : Delta decay over time, showing how delta changes as expiration approaches.
Vomma (Volga) : Vega's sensitivity to volatility changes, important for volatility trading strategies.
Third Order Greeks:
Speed : Rate of change of gamma with respect to underlying price (∂Γ/∂S).
Zomma : Gamma's sensitivity to volatility changes (∂Γ/∂σ).
Color : Gamma decay over time (∂Γ/∂T).
Ultima : Third-order volatility sensitivity (∂²ν/∂σ²).
2. Implied Volatility Analysis
The indicator includes a sophisticated IV ranking system that analyzes current implied volatility relative to its recent history:
IV Rank : Percentile ranking of current IV within its 30-day range (0-100%)
IV Percentile : Percentage of days in the lookback period where IV was lower than current
IV Regime Classification : Very Low, Low, High, or Very High
Color-Coded Headers : Visual indication of volatility regime in the Greeks table
Trading regime suggestions based on IV rank:
IV Rank > 75%: "Favor selling options" (high premium environment)
IV Rank 50-75%: "Neutral / Sell spreads"
IV Rank 25-50%: "Neutral / Buy spreads"
IV Rank < 25%: "Favor buying options" (low premium environment)
3. Gamma Zones Visualization
Gamma zones display horizontal price levels where gamma exposure is highest:
Purple horizontal lines indicate gamma concentration areas
Opacity scaling : Darker shading represents higher gamma values
Percentage labels : Shows gamma intensity relative to ATM gamma
Customizable zones : 3-10 price levels can be analyzed
These zones are critical for understanding:
Pin risk around expiration
Potential for explosive price movements
Optimal strike selection for gamma trading
Market maker hedging flows
4. Probability Cones (Expected Move)
The probability cones project expected price ranges based on current implied volatility:
1 Standard Deviation (68% probability) : Shown with dashed green/red lines
2 Standard Deviations (95% probability) : Shown with dotted green/red lines
Time-scaled projection : Cones widen as expiration approaches
Lognormal distribution : Accounts for positive skew in asset prices
Applications:
Strike selection for credit spreads
Identifying high-probability profit zones
Setting realistic price targets
Risk management for undefined risk strategies
5. Breakeven Analysis
The indicator plots key price levels for options positions:
White line : Strike price
Green line : Call breakeven (Strike + Premium)
Red line : Put breakeven (Strike - Premium)
These levels update dynamically as option premiums change with market conditions.
6. Payoff Structure Visualization
Optional P&L labels display profit/loss at expiration for various price levels:
Shows P&L at -2 sigma, -1 sigma, ATM, +1 sigma, and +2 sigma price levels
Separate calculations for calls and puts
Helps visualize option payoff diagrams directly on the chart
Updates based on current option premiums
Configuration Options
Calculation Parameters
Asset Selection : BTC or ETH (limited by VOLMEX IV data availability)
Expiry Options : 1D, 7D, 14D, 30D, 60D, 90D, 180D
Strike Mode : ATM (uses current spot) or Custom (manual strike input)
Risk-Free Rate : Adjustable annual rate for discounting calculations
Display Settings
Greeks Display : Toggle first, second, and third-order Greeks independently
Visual Elements : Enable/disable probability cones, gamma zones, P&L labels
Table Customization : Position (6 options) and text size (4 sizes)
Price Levels : Show/hide strike and breakeven lines
Technical Implementation
Data Sources
Spot Prices : INDEX:BTCUSD and INDEX:ETHUSD for underlying prices
Implied Volatility : VOLMEX:BVIV (Bitcoin) and VOLMEX:EVIV (Ethereum) indices
Real-Time Updates : All calculations update with each price tick
Mathematical Framework
The indicator implements the full Black-Scholes-Merton model:
Standard normal distribution approximations using Abramowitz and Stegun method
Proper annualization factors (365-day year)
Continuous compounding for interest rate calculations
Lognormal price distribution assumptions
Alert Conditions
Four categories of automated alerts:
Price-Based : Underlying crossing strike price
Gamma-Based : 50% surge detection for explosive moves
Moneyness : Deep ITM alerts when |delta| > 0.9
Time/Volatility : Near expiration and vega spike warnings
Practical Applications
For Options Traders
Monitor all Greeks in real-time for active positions
Identify optimal entry/exit points using IV rank
Visualize risk through probability cones and gamma zones
Track time decay and plan rolls
For Volatility Traders
Compare IV across different expiries
Identify mean reversion opportunities
Monitor vega exposure across strikes
Track higher-order volatility sensitivities
Conclusion
The Crypto Options Greeks & Volatility Analyzer transforms complex mathematical models into actionable visual insights. By combining institutional-grade Greeks calculations with intuitive overlays like probability cones and gamma zones, it bridges the gap between theoretical options knowledge and practical trading application.
Whether you're:
A directional trader using options for leverage
A volatility trader capturing IV mean reversion
A hedger managing portfolio risk
Or simply learning about options mechanics
This tool provides the quantitative foundation needed for informed decision-making in cryptocurrency options markets.
Remember that options trading involves substantial risk and complexity. The Greeks and visualizations provided by this indicator are tools for analysis - they should be combined with proper risk management, position sizing, and a thorough understanding of options strategies.
As crypto options markets continue to mature and grow, having professional-grade analytics becomes increasingly important. This indicator ensures you're equipped with the same analytical capabilities used by institutional traders, adapted specifically for the unique characteristics of 24/7 cryptocurrency markets.
Previous Levels by HAZEDPrevious Day/Week/Month High/Low Levels with 50% Equilibrium
🎯 Key Features:
- Previous Period Levels: Automatically plots previous Day, Week, and Month highs and lows
- 50% Equilibrium Zones: Shows the midpoint between each period's high and low
- Precise Line Placement: Lines start from the exact bar where the high/low occurred (not period beginning)
- Clean Visual Design: Solid lines for key levels, semi-transparent for equilibrium zones
- Customizable Display: Toggle each timeframe independently with custom colors and styles
📊 How It Works:
The indicator identifies the previous period's high and low points, then draws horizontal lines starting from the exact time those levels were created. The 50% equilibrium levels mark the midpoint between each period's range, providing additional support/resistance reference points.
⚙️ Settings:
- Timeframe Controls: Enable/disable Daily, Weekly, Monthly levels
- Line Styles: Choose between solid, dashed, or dotted lines
- Color Customization: Set individual colors for each timeframe
- Label Options: Show/hide price values, adjust label size
- 50% Levels: Toggle equilibrium zones with semi-transparent styling
💡 Trading Applications:
- Support & Resistance: Previous highs/lows act as key S/R levels
- Breakout Trading: Monitor price action around these critical levels
- Mean Reversion: 50% equilibrium zones often act as magnet levels
- Multi-Timeframe Analysis: See how different timeframe levels interact
🔧 Technical Notes:
- Lines extend to the right for future reference
- Only shows levels when chart timeframe is equal or lower than the level timeframe
- Uses precise historical data to ensure accurate line placement
- Optimized for performance with clean code structure
Perfect for swing traders, day traders, and anyone using support/resistance analysis!
Feel free to leave feedback and suggestions for future updates!
ATR % Line from LoD/HoDATR % Line Trading Indicator - Entry Filter Tool
This Pine Script creates a sophisticated ATR (Average True Range) percentage-based entry filter indicator for TradingView that helps traders avoid buying overextended stocks and identify optimal entry zones based on volatility.
Core Functionality - Entry Discipline
The script calculates a maximum entry threshold by taking a percentage of the Average True Range (ATR) and projecting it from the current day's low. This creates a dynamic "no-buy zone" that adapts to market volatility, helping traders avoid purchasing stocks that have already moved too far from their daily base.
Key Calculation:
Measures the ATR over a specified period (default: 14 bars)
Takes a user-defined percentage of that ATR (default: 25%)
Projects this distance from the day's low to establish a maximum entry threshold
Entry Rule: Avoid buying when price exceeds this ATR% level from the daily low or high.
Visual Features
Entry Threshold Line:
Draws a horizontal line at the calculated maximum entry level
Line extends forward for clear visualization of the "no-buy zone"
Red zones above this line indicate overextended conditions
Fully customizable appearance with color, width, and style options
Smart Entry Alerts:
Optional labels show the ATR percentage threshold and exact price level
Visual confirmation when stocks are trading in acceptable entry zones vs. extended areas
Real-Time Monitoring Table:
Displays current distance from daily low as ATR percentage
Shows whether current price is in "safe entry zone" or "extended territory"
Customizable display options for clean chart analysis
Practical Applications for Entry Management
Avoiding Extended Entries:
Primary Use: Don't initiate long positions when price is more than X% ATR from the daily low
Prevents buying stocks that have already made their daily move
Reduces risk of buying at temporary tops within the trading session
Entry Zone Identification:
Price trading below the ATR% line = potential entry opportunity
Price trading above the ATR% line = wait for pullback or skip the trade
Combines volatility analysis with momentum discipline
Risk Management Benefits:
Improved Entry Timing: Enter closer to daily support levels
Better Risk/Reward: Shorter distance to stop loss (daily low)
Reduced Chasing: Systematic approach prevents FOMO-driven entries
Volatility Awareness: Higher volatility stocks get wider acceptable entry ranges
Configuration for Entry Filtering
Key Settings for Entry Management:
ATR Percentage: Set your maximum acceptable extension (15-30% common for day trading)
Reference Point: Use "Low" to measure extension from daily base
Line Style: Make highly visible to clearly see entry threshold
Alert Integration: Visual confirmation of entry-friendly zones
Typical Usage Scenarios:
Conservative Entries: 15-20% ATR from daily low
Moderate Extensions: 25-35% ATR for stronger momentum plays
Aggressive Setups: 40%+ ATR for breakout situations (use with caution)
Entry Strategy Integration
Pre-Market Planning:
Set ATR% threshold based on stock's typical volatility
Identify key levels where entries become unfavorable
Plan alternative entry strategies for extended stocks
Intraday Execution:
Monitor real-time ATR% extension from daily low
Avoid new long positions when threshold is exceeded
Wait for pullbacks to re-enter acceptable entry zones
This tool transforms volatility analysis into practical entry discipline, helping traders maintain consistent entry standards and avoid the costly mistake of chasing overextended stocks. By respecting ATR-based extension limits, traders can improve their entry timing and overall trade profitability.
ES Gap Trading Levels# ES Gap Trading Levels
## Overview
A professional gap trading indicator designed specifically for ES Futures traders. This indicator automatically captures the closing price at 3:59 PM ET (NYSE close) and immediately displays key gap levels for the evening trading session starting at 6:00 PM ET.
## Key Features
### ✅ **Automatic Gap Level Detection**
- Captures ES Futures closing price at 3:59-4:00 PM ET
- Instantly displays gap levels for immediate session planning
- Resets daily for fresh gap analysis
### ✅ **Six Critical Gap Levels**
- **±10 Points** (White lines) - Short-term gap targets
- **±20 Points** (Light Blue lines) - Medium gap targets
- **±30 Points** (Red lines) - Extended gap targets
### ✅ **Professional Display**
- Clean horizontal lines with customizable colors
- Clear labels showing point values (+30, +20, +10, -10, -20, -30)
- Gap levels table showing exact price targets
- Optional closing price reference line
### ✅ **Customizable Settings**
- Adjustable line colors, width, and extension
- Toggle labels and reference table on/off
- Manual closing price override for testing
- Debug mode for troubleshooting
### ✅ **Smart Management**
- Automatic cleanup of previous day's levels
- Lines appear immediately after market close
- Optimized for ES1!, MES1!, and other ES futures contracts
## How It Works
1. **Market Close Capture**: At 3:59 PM ET, the indicator captures the ES closing price
2. **Instant Display**: Gap levels immediately appear on your chart
3. **Evening Session Ready**: Lines are positioned for 6:00 PM ET session start
4. **Daily Reset**: Old levels are automatically cleared each new trading day
## Perfect For:
- Gap trading strategies
- Overnight futures trading
- ES futures scalping
- Session transition analysis
- Risk management levels
## Usage Tips:
- Best used on 1-15 minute ES futures charts
- Ensure chart timezone shows ET times
- Use manual mode for backtesting specific dates
- Combine with volume and momentum indicators
## Settings Guide:
- **Display Settings**: Control lines, labels, and table visibility
- **Colors**: Customize each gap level color scheme
- **Manual Settings**: Override closing price for testing
- **Debug**: View time detection and diagnostic information
*Designed by traders, for traders. Clean, professional, and reliable gap level detection for serious ES futures trading.*
TZanalyserTZanalyser (Trend Zone Monitor With Trend Strength, Volume Focus And -Events Markers)
Before I used TrendZones to manage my portfolio I used Fibonacci Zone Oscillator as my favorite in the sub panel, accompanied with another subpanel indicator which I never published called IncliValue and also REVE Cohorts.
TZanalyser inherits Ideas and code from all three of them: The visual and the idea of using a channel as the basis for an oscillator depicted as a histogram, is taken from the FibZone Oscillator. The idea of providing a number to evaluate the trend is taken from IncliValue. The idea to create a horizontal line which indicates high and low volume focus completed with markers for volume events, is taken from REVE-cohorts.
These ideas are combined in one sleek visual called TZanalyser. TZ stand for TrendZones, because the histogram is based on it.
The histogram.
Depicted is the distance of the price from COG as percent. The distance between Upper Curve and Lower Curve is used as 100%. The values may reach between 300 and -300. The colors indicate in which zone the candle lives, blue in the blue zone, green in the green zone etc. Despite the absence of a gray zone, there are gray bars. These depict candles that wrap around COG. Because hl2 is used as price, some gray bars point up and others down. The orange and red bars point down because the orange and red downtrend zones are below COG.
Use of the histogram.
Sometimes I need to create a list of stocks which are in uptrend in monthly, weekly and daily charts from the stocks I follow in my universe. This job is done fast and easy by looking at the last bar of the histogram. The histogram also gives a quick evaluation of how the stock fared in the past.
The number.
Suppose I need to allocate some money to another stock, selected a few, looked into news and gurus and they look equally good. Then it is nice to be able to find out which has the best charts. Which one has the strongest uptrend. For this purpose this number can be consulted, because it indicates somehow the strength of the trend. It is an integer between 20 and -20, the closer to 20 the stronger the uptrend, closer to -20 indicates a stronger downtrend. The color of the background is the same as the last column of the histogram.
Volume focus and events
The horizontal lines depict volume focus, the line below the focus that comes with the uptrend columns pointing up, the one above the focus for the downtrend columns pointing down. Thes line have tree colors: maroon for high volume focus, green for normal volume and gray for low volume situations. Between the lines and the histogram triangles appear at volume events, a green triangle when the candle comes with high volume, i.e. 120-200 percent of normal, maroon when extreme volume, i.e. more than 200 percent of normal.
The direction of these triangles is that of the histogram, i.e. when the price is higher, direction is up and vice versa.
Take care and have fun.
Trend Breakout Description:
This Pine Script indicator identifies pivot high and pivot low points based on user-defined left and right candle legs, detecting breakouts to signal potential trend changes. It plots horizontal lines at pivot highs (lime) and pivot lows (red), marking breakout signals with labels ("Br") when the price crosses above a pivot high or below a pivot low. The indicator also changes the background color to reflect the trend (green for uptrend, red for downtrend) with adjustable transparency. The indicator primarily focuses on recognizing specific pivot patterns to define trends and generate trading signals.
How It Works
• Pivot Detection: Identifies pivot highs and lows using configurable left (Left side Pivot Candle) and right (Right side Pivot Candle) periods.
• Pivot Highs (PH): A pivot high is identified when a candle's high is greater than a specified number of preceding candles (left leg) and succeeding candles (right leg).
• Pivot Lows (PL): Similarly, a pivot low is identified when a candle's low is less than a specified number of preceding and succeeding candles.
The script then tracks the last three pivot highs and pivot lows.
Trend Detection and Breakouts
1. High Line (Resistance): When a middle pivot high (out of the three tracked) is higher than both the previous and the next pivot high, a lime green line is drawn from that pivot high. This line acts as a dynamic resistance level.
2. Low Line (Support): Conversely, when a middle pivot low is lower than both the previous and the next pivot low, a red line is drawn from that pivot low. This line acts as a dynamic support level.
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Trading Signals : The indicator generates signals based on price crossing these dynamically drawn lines .
• Long Signal (Uptrend):
o A "Long" signal is triggered when the close price crosses above the current high line (resistance), and the indicator is not already in an uptrend.
o When a long signal occurs, the background turns green, and the high line becomes dotted and thinner. A "Br" (Breakout) label appears below the candle.
• Short Signal (Downtrend):
o A "Short" signal is triggered when the close price crosses below the current low line (support), and the indicator is not already in a downtrend.
o When a short signal occurs, the background turns red, and the low line becomes dotted and thinner. A "Br" (Breakout) label appears above the candle.
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Customizable Settings
The indicator provides three user-adjustable inputs:
• Right Side Pivot Candle (fpivotLeg): This setting (default 10) determines the number of candles to the right that must have lower highs/higher lows for a pivot to be confirmed.
• Left Side Pivot Candle (bpivotLeg): This setting (default 15) determines the number of candles to the left that must have lower highs/higher lows for a pivot to be confirmed.
• Adjust Color Visualization (Colortrnp): This setting (default 85) controls the transparency of the background color changes, allowing you to adjust how prominently the green (uptrend) and red (downtrend) backgrounds are displayed.
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How to Use It
This indicator can be used by traders to:
• Identify potential reversals: The formation of new pivot highs and lows can signal shifts in market direction.
• Spot breakout opportunities: Crossing above the high line or below the low line can indicate the start of a new trend or the continuation of an existing one.
• Confirm trend strength: The presence and extension of the high and low lines can provide visual cues about the prevailing trend.
• Ideal for swing traders or trend-following strategies.
• Use the breakout labels ("Br") and background color to confirm trend direction.
• Adjust pivot leg inputs to fine-tune sensitivity for different timeframes or assets.
• Customize transparency to suit chart readability.
Example:
On a breakout above a pivot high, a green "Br" label appears, the background turns green, and the pivot line becomes dotted. This signals a potential uptrend, helping traders identify entry points or trend confirmations.
Disclaimer: No indicator guarantees profits. Always use this indicator in conjunction with other analysis methods and proper risk management.
ADR TableTrack volatility and session momentum in real-time with customizable precision.
Key Features:
Average Daily Range (ADR): Configurable length (default 5 days), based on previous daily high–low ranges.
Session Anchor Options: Choose anchor at 4 am NY, 6 pm NY, 9:30 am NY, 8:30 am NY, Previous Day Close, or Current Bar.
Session Range & %ADR: Displays the real-time range from the chosen anchor, plus what percentage of ADR has been covered.
High / Low Target Levels: Calculates ADR targets based on anchor: anchor ± ADR.
Optional Target Lines: Draw horizontal lines for high and low targets across the session; customize color and width.
Dynamic Table Display: User-selectable table size and text size (Tiny to Huge) for optimal readability.
Robust Anchor Logic: Uses the first bar at-or-after anchor time each NY day, ensuring stability even on irregular intraday timeframes.
How to Use
Choose your anchor in settings.
View ADR, session range (with %ADR), and target price levels in the top-right pane.Toggle High/Low lines to overlay targets on the chart.
Adjust table and text size to match your workspace.
Why It Matters
Quickly assess where price stands relative to typical volatility.
Easily identify intraday price exhaustion or breakout zones.
Anchor flexibility enables use for both futures and equities, aligning with your trading session.
Clean, professional display—no clutter, no guesswork.
Profitable Loser Model [MMT]Profitable Loser Model
Overview
The Profitable Loser Model is a powerful PineScript v6 indicator designed to enhance your trading by visualizing key price levels, session open zones, Fibonacci retracements, and premium/discount zones. This overlay indicator provides traders with a customizable toolkit to analyze market structure across any timeframe, making it ideal for intraday and swing trading strategies.
Features
Open Zone Visualization
- Plots a box based on the open and close of the first candle in a user-defined timeframe (default: 5-minute).
- Customizable box color, projection offset, and label size (Tiny, Small, Normal, Large).
- Displays a timeframe label (e.g., "5m Open Zone") for quick reference, toggleable on/off.
Session Open Lines
- Optionally draws horizontal lines at key session opens (8:30 AM, 9:30 AM, 1:30 PM, Midnight, New York time).
- Customize line color, style (Solid, Dashed, Dotted), width, and label size for each session.
- Perfect for identifying critical intraday price levels.
Premium and Discount Zones
- Highlights premium (above midpoint) and discount (below midpoint) zones based on session high/low.
- Toggleable with customizable colors and projection offsets.
- Helps traders spot overbought/oversold areas for potential mean-reversion trades.
Fibonacci Retracement Levels
- Plots user-defined Fibonacci levels (default: 0.23, 0.35, 0.5, 0.62, 0.705, 0.79, 0.886, 1, 1.1).
- Customizable line style, width, color, and labels (showing percentage and/or price).
- Dynamically adjusts based on price movement relative to the open zone.
Take Profit (TP) and Stop Loss (SL) Levels
- Highlights TP (default: 0.23) and SL (default: 1.1) Fibonacci levels with distinct colors.
- Fully customizable to align with your risk-reward strategy.
How It Works
- Session Detection : Resets daily (or per user-defined timeframe) to capture the first candle's open, high, low, and close.
- Open Zone : Draws a box between the open and close, extended forward by the projection offset.
- Session Lines : Plots lines at specified session opens with customizable styles and labels.
- Fibonacci Retracement : Adjusts levels dynamically based on session high/low and price action.
- Premium/Discount Zones : Calculated from the session range midpoint, updated in real-time.
Settings
- Open Zone :
- Timeframe (default: 5m), Calculate Timeframe (default: Daily).
- Toggle label, adjust size, box color, and projection offset.
- Session Open Lines :
- Enable/disable lines for 8:30 AM, 9:30 AM, 1:30 PM, Midnight.
- Customize color, style, width, label size, and vertical offset.
- Premium/Discount Zones :
- Toggle visibility, set colors, and adjust projection offset.
- Fibonacci Retracement :
- Toggle visibility, set custom levels, line style, width, color, and label options.
- Adjust projection offset.
- TP/SL :
- Set TP/SL Fibonacci levels and colors.
Use Cases
- Intraday Trading : Use session open lines and open zones to trade key market hours.
- Swing Trading : Leverage Fibonacci levels for potential reversal or continuation zones.
- Risk Management : Set precise TP/SL levels based on Fibonacci retracements.
- Market Structure : Identify overbought/oversold zones with premium/discount areas.
Notes
- Optimized with `dynamic_requests = true` for efficient real-time data handling.
- Visual elements (boxes, lines, labels) are cleaned up at the start of each new session.
- Session lines use New York time (`America/New_York`) for alignment with major markets.
Bollinger Bands Levels | VTS Pro📊 Bollinger Bands Levels | VTS Pro
by Alireza Mossaheb
This advanced Bollinger Bands indicator takes your technical analysis to the next level by providing dynamic price bands along with customizable horizontal levels and labels. Whether you're a trend trader or a mean reversion strategist, this tool adapts to your workflow.
🔧 Key Features:
Three Modes: Choose between Strong (20, 2), Weak (10, 1.5), or Custom settings for full control.
Multi-Timeframe Support: Plot Bollinger Bands from any higher or lower timeframe.
Multiple MA Types: Select from SMA, EMA, RMA (SMMA), WMA, and VWMA for the basis line.
Visual Enhancements:
Optional background fill between bands
Stylized horizontal lines with labels (Top/Mid/Low)
Customizable line style, width, and color
Smart Labeling: Automatically names levels based on timeframe and mode.
Improved Plot Logic: Line width bug fixed for smoother rendering across presets.
🧠 Ideal For:
Spotting volatility squeezes or expansions
Confirming support/resistance with upper/lower bands
Creating confluence zones using higher timeframe Bollinger levels
Previous Daily OHLCPrevious Daily OHLC Indicator
Overview:
This professional TradingView indicator displays the previous day's key price levels (Open, High, Low, Close, and 50% midpoint) as horizontal lines on your chart. These levels are essential for traders who use previous day data as support and resistance zones in their technical analysis.
What It Does
Displays Previous Day Levels: Automatically shows horizontal lines for yesterday's OHLC data
Real-Time Updates: Lines update dynamically each new trading day
Fully Customizable: Complete control over which levels to display and how they appear
Smart Line Management: Choose between showing lines for recent bars or across the entire chart
Professional Labels: Clear labels with optional price values for each level
Color Coded System: Distinct colors for each level type for instant recognition
Key Features
Five Important Price Levels
Previous Day Open: Yesterday's opening price - often acts as psychological level
Previous Day High: Yesterday's highest price - key resistance level for breakout trading
Previous Day Low: Yesterday's lowest price - important support level for breakdowns
Previous Day Close: Yesterday's closing price - significant reference point
50% Midpoint: Calculated midpoint between previous day's high and low - bias indicator
ATR-Multiple from 50SMAThis indicator provides a nuanced view of price extension by calculating the distance between the current price and its 50-period Simple Moving Average. This distance is not measured in simple percentage terms but is quantified in multiples of the Average True Range (ATR), offering a volatility-adjusted perspective on how far an asset has moved from its mean.
The primary goal is to help traders identify potentially overextended conditions, which can often precede price consolidation or reversals. As a general guideline, when an asset's price stretches to multiples of 7 ATRs or more above its 50-day SMA, it often enters a zone where significant profit-taking may occur. By visualizing this extension, the indicator can serve as a powerful tool for gauging when to consider taking profits on existing long positions. Furthermore, it can act as a cautionary signal, helping traders avoid initiating new long positions in assets that are already significantly stretched and may be poised for a pullback.
Features
Volatility-Adjusted Extension
Measures the distance from the 50 SMA in terms of ATR multiples, providing a more standardized way to compare extension across different assets and time periods.
Daily Timeframe Consistency
By default, the indicator uses the daily SMA and ATR for its calculations, regardless of the chart's current timeframe. This ensures a consistent and meaningful measure of extension rooted in the daily trend.
Histogram Visualization
Displays the result as a clear histogram in a separate pane, making it easy to track the extension level over time and identify historical extremes.
Dynamic Color-Coding
The histogram bars are color-coded to visually highlight different levels of extension. The colors shift as the price moves further from the mean, providing an intuitive at-a-glance reading.
Key Threshold Markers
Includes pre-set horizontal lines at the 7 and 10 ATR multiples to clearly mark the zones of potential profit-taking and extreme extension, respectively.
Built-in Alerts
Comes with configurable alert conditions that can notify you when the price reaches the "profit-taking" threshold (7 ATRs) or the "extreme extension" threshold (10 ATRs).
Customization Options
MA & ATR Periods
You can adjust the length for the Simple Moving Average (default 50) and the Average True Range (default 14) to suit your specific analytical needs.
Timeframe Source
A toggle allows you to switch between always calculating using daily data (the default and recommended setting) or using the data from the current chart's timeframe.
Color Display Style
You can choose between a smooth color gradient that transitions elegantly with the extension level or a distinct, step-based color display for a clearer visual separation of the defined zones.
Full Color Scheme Control
Every visual element is fully customizable. You can change the colors for the regular extension, the "get ready," "profit-taking," and "extreme" levels, as well as the horizontal reference lines.
Intra_Candle_Welding by Chaitu50cIntra Candle Welding by Chaitu50c
This is a professional price action–based indicator designed to automatically detect and visualize *intra-candle reversal zones* using simple yet powerful logic. It highlights price levels where two consecutive opposite candles meet with a high probability of short-term market reaction.
Concept
The indicator identifies potential intraday support and resistance levels based on the "Intra Candle Welding" concept: when the close of one candle is very close to the open of the next candle, and the two candles have opposite directions (bullish followed by bearish, or bearish followed by bullish). These levels often attract market attention due to order flow imbalance created during such transitions.
How It Works
1. The indicator continuously monitors each new candle and checks if the current open is approximately equal to the previous close, within a configurable buffer.
2. It further ensures that the two candles form an opposite pair (green→red or red→green).
3. When a valid pair is detected, the indicator checks for existing active lines near this level. If no active line exists within the defined tolerance, it draws a new horizontal line at the detected level.
4. Each line is classified as either a potential resistance (from green→red pair) or support (from red→green pair).
5. Lines automatically extend rightward and update with each bar. If price breaks through the line beyond a configurable break buffer, the line stops extending and is visually marked as "broken."
6. The indicator intelligently manages the maximum number of lines on the chart by deleting the oldest ones when the limit is exceeded.
Use Case
Traders can use this tool to identify short-term reaction zones and potential intraday turning points. The highlighted levels act as temporary support and resistance areas where price frequently reacts. It is especially useful in fast-moving or volatile markets such as index futures or liquid stocks.
Features
* Automatically detects intra-candle reversal zones.
* Classifies zones as support (bottom) or resistance (top).
* Automatically updates and breaks lines when invalidated by price action.
* Adjustable parameters for flexibility:
* Equality Buffer
* Max Lines to Keep
* Line Suppression Tolerance
* Initial Extend Bars
* Break Buffer
* Line colors, widths, and styles (active and broken states)
* Efficient memory handling with capped line count.
* Minimalist and clean visual representation, suitable for overlay on any chart.
Recommended Settings
* Works best on intraday timeframes (1 min to 15 min).
* Tune the Equality Buffer and Tolerance parameters based on instrument volatility.
* Use conservative Break Buffer to avoid premature line invalidation.
Disclaimer
This is a tool to support discretionary trading decisions. It is not a standalone buy/sell signal generator. Users are advised to combine it with their own market context and risk management framework.
This indicator is released for the TradingView community for educational and practical trading use.
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DWMY Opens (for aggr. charts) by Koenigsegg🟣 DWMY Opens (for Aggregated Charts) by Koenigsegg
Revolutionary compatibility with aggregated charts – This indicator represents a significant breakthrough in displaying Daily, Weekly, Monthly, and Yearly opening levels on aggregated chart types where traditional DWMY indicators have historically failed to function properly.
Complete aggregated chart support – Unlike previous Daily Weekly Monthly Yearly Opens indicators that experienced severe limitations when pulling data from non-standard chart types, this version is specifically engineered to work flawlessly with aggregated charts, range bars, Renko charts, Point & Figure charts, and all other non-time-based chart constructions.
Persistent horizontal reference lines – The indicator draws four distinct horizontal lines representing the opening prices of the current Daily, Weekly, Monthly, and Yearly periods, extending these levels forward into future bars to provide clear reference points for key support and resistance analysis.
Advanced customization capabilities – Features comprehensive user controls including custom label naming for each timeframe, adjustable line colors with independent color selection for Daily, Weekly, Monthly, and Yearly levels, configurable line width settings, and variable label font sizes ranging from tiny to huge.
Dynamic label positioning system – Implements a sophisticated label placement mechanism with configurable tick offset positioning and fixed end-bars-ahead projection, ensuring labels remain visible and properly positioned regardless of chart zoom level or timeframe.
Intelligent period detection logic – Utilizes advanced Pine Script time change detection algorithms specifically optimized for aggregated charts, accurately identifying new Daily, Weekly, Monthly, and Yearly periods even when traditional time-based functions fail on non-standard chart types.
Performance-optimized architecture – Built with efficient persistent variable storage using the var keyword, minimizing computational overhead while maintaining real-time updates across all timeframe levels simultaneously.
Professional visual presentation – Delivers clean, uncluttered chart visualization with strategically positioned labels that clearly identify each timeframe level without interfering with price action analysis.
Universal market compatibility – Functions seamlessly across all asset classes including stocks, forex, cryptocurrencies, commodities, and indices, adapting automatically to different tick sizes and price scales through syminfo.mintick integration.
Pine Script v6 foundation – Leverages the latest Pine Script version 6 capabilities, ensuring optimal performance, stability, and compatibility with current and future TradingView platform updates.
This indicator solves a critical limitation that has long plagued traders using aggregated chart types, finally enabling reliable access to essential Daily, Weekly, Monthly, and Yearly opening levels that serve as fundamental support and resistance zones in technical analysis. The breakthrough lies in its ability to maintain accurate period detection and level plotting regardless of the underlying chart construction methodology.
🟣 How It Works
Automatic period detection – The indicator continuously monitors for time changes across four distinct timeframes using ta.change(time()) functions for Daily and Weekly periods, month transitions for Monthly levels, and year changes for Yearly opens, ensuring precise identification of new period beginnings.
Real-time level updates – When a new period is detected, the indicator captures the opening price at that exact moment and immediately establishes a horizontal line from that bar extending forward to a configurable number of bars ahead, creating persistent reference levels.
Dynamic line management – Each timeframe maintains its own dedicated line object and label, with the indicator continuously updating the endpoint coordinates and label positions as new bars form, ensuring the levels always project the specified distance into the future.
Intelligent label placement – Labels are positioned at the end of each line with automatic vertical offset based on the symbol’s minimum tick size, preventing overlap with price action while maintaining clear identification of each timeframe level.
🟣 Pro Tips for Optimal Usage
Multi-timeframe confluence – Look for areas where multiple DWMY levels converge within close proximity, as these zones typically act as stronger support or resistance levels due to increased market participant attention at these psychological price points.
Breakout confirmation strategy – When price breaks above or below a significant DWMY level with strong volume, the broken level often transforms into support (if broken upward) or resistance (if broken downward), providing excellent entry and exit reference points.
Range trading opportunities – On ranging markets, use Daily and Weekly opens as potential reversal zones, especially when price approaches these levels during low-volume periods or near session opens when institutional activity increases.
Timeframe alignment technique – For swing trading, prioritize trades that align with the direction of the break from Weekly or Monthly opens, while using Daily opens for precise entry timing and position management.
Chart type optimization – This indicator excels on Renko, Range, and Point & Figure charts where traditional time-based DWMY indicators fail, making it invaluable for traders who prefer these aggregated chart types for cleaner price action analysis.
Important Disclaimer:
This indicator is provided for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any financial instrument. All trading involves risk, and past performance does not guarantee future results. Please conduct your own research and consult with a qualified financial advisor before making any trading decisions. The author is not responsible for any losses incurred from using this indicator.
Daily Levels & Time MarkersKey Features:
Price Level Tracking:
Previous Day High/Low (PDH/PDL) - Shows yesterday's highest and lowest prices as horizontal lines
Overnight High/Low (ONH/ONL) - Tracks the highest and lowest prices during overnight sessions (4:00 PM to 9:30 AM ET)
Opening Range High/Low (ORH/ORL) - Captures the price range during the first 30 minutes of regular trading (9:30-10:00 AM ET)
Visual Elements:
Draws horizontal lines for previous day levels that extend across the chart
Creates rays (extending lines) for overnight and opening range levels that project forward from when they were established
Uses different colors and line styles for each level type (solid lines for daily levels, dashed for opening range)
Adds text labels showing the exact price values (PDH, PDL, ONH, ONL, ORH, ORL)
Time Markers:
Draws vertical dashed lines at key trading times: 10:00 AM, 11:30 AM, 1:00 PM, 2:30 PM, and 4:00 PM ET
Uses Eastern Time zone by default but allows customization
Customization Options:
Toggle each feature on/off independently
Customize colors for all line types
Adjust timezone settings
Sveezy BTC Level SyncThis indicator lets you define up to 5 key Bitcoin price levels (support or resistance zones). Whenever BTC “touches” (crosses up) one of those levels on your chosen exchange, the script records the exact bar, then on any non-BTC chart it draws a dashed horizontal line at that asset’s price at the same moment in time. You can optionally display a plain-text BTC-level label, right-justified a configurable number of bars to the right of each line.
Features:
- 5 user-defined BTC levels via separate inputs
- Time-synced across symbols: marks altcoin price on the exact bar BTC hit the level
- Most recent touch only: lines update when BTC crosses the same level again
- Right-justified labels: plain text (no box) showing the BTC level, offset by bars & ticks
- Lightweight: uses only built-in line and label primitives, no heavy loops
How to Use:
- Open any altcoin chart (ETH, SOL, your token).
- Add the indicator from Pine Editor (paste and save).
- Enter your BTC symbol and up to 5 levels.
- Enable labels if desired; adjust offsets.
- Watch dashed lines plot at your alt’s price every time BTC crosses a level.
Ideal For:
- Pair traders who want to sync entries/exits to BTC key levels
- Arbitrageurs scanning multiple alt charts for BTC-driven swings
- Anyone wishing to visualize how alts responded at specific BTC prices
Feel free to fork and customize further (cross-down detection, color schemes, multi-timeframe support). If you find it helpful, drop a comment or upvote!
RTH Session Highs & LowsA Pine Script indicator designed to track and plot the Regular Trading Hours (RTH) session highs and lows on a chart, typically for U.S. equity markets (e.g., S&P 500, Nasdaq, etc.), which operate from 9:30 AM to 4:00 PM Eastern Time.
Session High & Low Lines:
During the RTH session, the indicator draws green and red horizontal lines that represent the highest and lowest price seen so far within that trading session.
These levels help traders identify intraday support (low) and resistance (high) levels.
New High/Low Markers:
Small triangle markers are placed:
Above the bar when a new intraday high is made (green triangle).
Below the bar when a new intraday low is made (red triangle).
This visually flags when momentum may be building or reversing.
Intraday Strategy Support:
Use the session high/low as dynamic support/resistance for scalping or breakout strategies.
For example:
Breakouts above session highs may indicate bullish strength.
Breakdowns below session lows may suggest bearish momentum.
Mean Reversion Tactics:
Prices approaching these lines and then rejecting can be used for mean reversion setups.
Combine with volume or candlestick patterns for confirmation.
Risk Management:
Set stops or targets relative to session highs/lows.
For instance, use session high as a stop-loss level in a short position.
Volatility Gauge:
Tracking how frequently new highs/lows are formed can help assess intraday volatility or range expansion.
Complement with Indicators:
Combine this with our "McGinley Dynamic Channel with Directional Shading" indicator or our "EMA Crossover with Shading" indicator to add context to breakouts or rejections.
CorrelationMulti-Timeframe Correlation Indicator
This Pine Script indicator measures the correlation between the current symbol and a reference symbol (default: GLD) across three different timeframes. It provides traders with valuable insights into how assets move in relation to each other over short, medium, and long-term periods.
Key Features
Multiple Timeframe Analysis: Calculates correlation coefficients over three customizable periods (default: 20, 50, and 200 bars)
Visual Reference Lines: Displays horizontal lines at +1, 0, and -1 to indicate perfect positive correlation, no correlation, and perfect negative correlation
Color-Coded Outputs: Shows short-term correlation in green, medium-term in yellow, and long-term in red for easy visual interpretation
Understanding Correlation
The correlation coefficient measures the statistical relationship between two data series, ranging from -1 to +1:
+1: Perfect positive correlation (both assets move together in the same direction)
0: No correlation (movements are random and independent)
-1: Perfect negative correlation (assets move in opposite directions)
How To Use This Indicator
Market Relationships: Identify how strongly your current asset correlates with the reference symbol
Diversification Analysis: Find assets with negative correlations to build a diversified portfolio
Divergence Opportunities: Watch for changes in correlation patterns that might signal trading opportunities
Trend Confirmation: Use correlation with benchmark assets to confirm broader market trends
Customization Options
Reference Symbol: Change the default GLD to any other symbol you want to compare against
Period Lengths: Adjust the short, medium, and long timeframes to match your trading strategy and timeframe
This indicator helps traders make more informed decisions by understanding the interrelationships between different assets across various timeframes, potentially improving portfolio construction and risk management strategies.
PowerHouse SwiftEdge AI v2.10 with Custom Filters & AI AnalysisPowerHouse SwiftEdge AI v2.10 with Custom Filters & AI Analysis
Overview
PowerHouse SwiftEdge AI v2.10 is an advanced TradingView Pine Script indicator designed to identify high-probability trading setups by combining pivot-based structure analysis, multi-timeframe trend detection, and adaptive AI-driven signal filtering. The script integrates Change of Character (CHoCH) and Break of Structure (BOS) signals with customizable momentum, volume, breakout, and trend filters to enhance trade precision. Additionally, it offers an optional AI Market Analysis module that predicts future price trends across multiple timeframes, providing traders with a comprehensive market outlook.
The script is highly customizable, allowing users to tailor inputs to their trading style, whether for scalping, swing trading, or long-term strategies. It is suitable for all asset classes, including stocks, forex, crypto, and commodities, and performs optimally on timeframes ranging from 1-minute to daily charts.
Key Features
Pivot-Based Signal Generation:
Identifies pivot highs and lows to detect CHoCH (reversal patterns) and BOS (continuation patterns).
Signals are plotted as "Buy" or "Sell" labels with optional "Get Ready" pre-signals to prepare traders for potential setups.
Take-profit (TP) levels are automatically calculated based on user-defined points, with optional TP box visualization.
Multi-Timeframe Trend Analysis:
Analyzes trends across seven timeframes (1M, 5M, 15M, 30M, 1H, 4H, D) using EMA and VWAP to determine bullish, bearish, or neutral conditions.
Displays a futuristic AI-Trend Matrix dashboard showing trend direction, strength, and confidence levels for quick decision-making.
Customizable Signal Filters:
Momentum Filter: Ensures signals align with significant price changes, adjusted dynamically using ATR-based volatility.
Higher Timeframe Trend Filter: Requires signals to align with the trend of a user-selected higher timeframe (e.g., 1H).
Lower Timeframe Trend Filter: Prevents signals that conflict with the trend of a user-selected lower timeframe (e.g., 5M).
Volume Filter: Optionally requires above-average volume to confirm signals.
Breakout Filter: Optionally requires price to break previous highs/lows for signal validation.
Repeated Signal Restriction: Prevents consecutive signals in the same trend direction until the trend changes on a user-defined timeframe.
AI-Driven Adaptivity:
Incorporates Cumulative Volume Delta (CVD) to assess buying/selling pressure and classify market volatility (Low, Medium, High).
Uses ATR to dynamically adjust momentum thresholds, ensuring signals adapt to current market conditions.
Optional AI Market Analysis module predicts trends across multiple timeframes by combining trend, momentum, and volatility scores.
Visual Elements:
Plots CHoCH and BOS levels as horizontal lines with distinct colors (aqua for CHoCH sell, lime for CHoCH buy, fuchsia for BOS sell, teal for BOS buy).
Draws dynamic support and resistance trendlines based on short and long-term price action, colored by trend strength.
Displays TP levels and pivot highs/lows for easy reference.
How It Works
The script combines several technical analysis concepts to create a robust trading system:
Market Structure Analysis:
Pivot highs and lows are identified using a user-defined lookback period (Pivot Length).
CHoCH occurs when price crosses below a pivot high (bearish reversal) or above a pivot low (bullish reversal).
BOS occurs when price breaks a previous pivot low (bearish continuation) or pivot high (bullish continuation).
Trend and Momentum Integration:
Trends are determined by comparing price to EMA and VWAP on multiple timeframes.
Momentum is calculated as the percentage price change, with thresholds adjusted by ATR to account for volatility.
"Get Ready" signals appear when momentum approaches the threshold, preparing traders for potential CHoCH or BOS signals.
Signal Filtering:
Filters ensure signals align with user-defined criteria (e.g., trend direction, volume, breakouts).
The Restrict Repeated Signals option prevents over-signaling by requiring a trend change on a specified timeframe before generating a new signal in the same direction.
AI Market Analysis:
The optional AI module calculates a score for each timeframe based on trend direction, momentum, and volatility (ATR compared to its SMA).
Scores are translated into predictions (▲ for bullish, ▼ for bearish, — for neutral), displayed in a dedicated table.
CVD and Volatility Context:
CVD tracks buying vs. selling pressure by accumulating volume based on price direction.
Volatility is classified using CVD magnitude, influencing the script’s visual cues and signal sensitivity.
Why This Combination?
The integration of pivot-based structure analysis, multi-timeframe trend filtering, and AI-driven adaptivity addresses common trading challenges:
Precision: CHoCH and BOS signals focus on key market turning points, reducing noise from minor price fluctuations.
Context: Multi-timeframe analysis ensures trades align with broader market trends, improving win rates.
Adaptivity: ATR and CVD adjustments make the script responsive to changing market conditions, avoiding static thresholds that fail in volatile or quiet markets.
Customization: Extensive input options allow traders to adapt the script to their preferred markets, timeframes, and risk profiles.
Predictive Insight: The AI Market Analysis module provides forward-looking trend predictions, helping traders anticipate market moves.
This combination creates a self-contained system that balances responsiveness with reliability, making it suitable for both novice and experienced traders.
How to Use
Add to Chart:
Apply the indicator to your TradingView chart for any asset and timeframe.
Recommended timeframes: 5M to 1H for scalping/day trading, 4H to D for swing trading.
Configure Inputs:
Pivot Length: Adjust (default 5) to control sensitivity to pivot highs/lows. Lower values for faster signals, higher for stronger confirmations.
Momentum Threshold: Set the minimum price change (default 0.01%) for signals. Increase for stricter conditions.
Take Profit Points: Define TP distance (default 10 points). Adjust based on asset volatility.
Signal Filters: Enable/disable filters (momentum, trend, volume, breakout) to match your strategy.
Higher/Lower Timeframe: Select timeframes for trend alignment (e.g., 1H for higher, 5M for lower).
AI Market Analysis: Enable for predictive trend insights across timeframes.
Get Ready Signals: Enable to see pre-signals for potential setups.
Interpret Signals:
Buy/Sell Labels: Act on green "Buy" or red "Sell" labels, confirming with TP levels and trend direction.
Get Ready Labels: Yellow "Get Ready BUY" or orange "Get Ready SELL" indicate potential setups; prepare but wait for confirmation.
CHoCH/BOS Lines: Use aqua/lime (CHoCH) and fuchsia/teal (BOS) lines as key support/resistance levels.
AI-Trend Matrix: Check the top-right dashboard for trend strength (%), confidence (%), and timeframe-specific trends.
AI Market Analysis Table: If enabled, view predictions (▲/▼/—) for each timeframe to anticipate market direction.
Trading Tips:
Combine signals with other indicators (e.g., RSI, MACD) for additional confirmation.
Use higher timeframe trend alignment for higher-probability trades.
Adjust TP and signal distance based on asset volatility and trading style.
Monitor the AI-Trend Matrix for trend strength; values above 50% or below -50% indicate strong directional bias.
Originality
PowerHouse SwiftEdge AI v2.10 stands out due to its unique blend of:
Adaptive Signal Generation: ATR-based momentum thresholds and CVD-driven volatility context ensure signals remain relevant across market conditions.
Multi-Timeframe Synergy: The script’s ability to filter signals based on both higher and lower timeframe trends provides a rare balance of precision and context.
AI-Powered Insights: The AI Market Analysis module offers predictive capabilities not commonly found in traditional indicators, simulating institutional-grade analysis.
Visual Clarity: The futuristic dashboard and color-coded trendlines make complex data accessible, enhancing usability for all trader levels.
Unlike standalone pivot or trend indicators, this script integrates multiple layers of analysis into a cohesive system, reducing false signals and providing actionable insights without requiring external tools or research.
Limitations
False Signals: No indicator is foolproof; signals may fail in choppy or low-volume markets. Use filters to mitigate.
Timeframe Sensitivity: Performance varies by timeframe and asset. Test settings thoroughly.
AI Predictions: The AI Market Analysis is based on historical data and simplified scoring; it’s not a guaranteed forecast.
Resource Usage: Enabling all filters and AI analysis may slow performance on lower-end devices.
Weekday Colors with Time Highlighting by NabojeetThis script is a Pine Script (version 6) indicator called "Weekday Colors with Time Highlighting" designed for TradingView charts. It has several key functions:
1. **Weekday Color Coding**:
- Assigns different background colors to each trading day (Monday through Friday)
- Allows users to customize the color for each day
- Includes toggles to enable/disable colors for specific days
2. **Time Range Highlighting**:
- Highlights a specific time period (e.g., 18:15-18:30) on every trading day
- Uses a custom color that can be adjusted by the user
- The time range is specified in HHMM-HHMM format
3. **High/Low Line Drawing**:
- Automatically identifies the highest high and lowest low points within the specified time range
- Draws horizontal lines at these levels when the time period ends
- Lines extend forward in time to serve as support/resistance references
- Users can customize the line color, width, and style (solid, dotted, or dashed)
The script is organized into logical sections with input parameters grouped by function (Weekday Colors, Weekday Display, Time Highlighting, and Horizontal Lines). Each section's inputs are customizable through the indicator settings panel.
This indicator would be particularly useful for traders who:
- Want visual distinction between different trading days
- Focus on specific time periods each day (like market opens, closes, or specific sessions)
- Use intraday support/resistance levels from key time periods
- Want to quickly identify session highs and lows
The implementation resets tracking variables at the beginning of each new time range and draws the lines once the time period ends, ensuring accurate high/low marking for each day's specified time window.
Author - Nabojeet
Daily Open Levels (Custom Pips)Daily Open Levels Indicator
Overview: The Daily Open Levels indicator is a simple but powerful tool designed for intraday traders who focus on the daily open price and pip-based levels for decision-making. This indicator helps you visualize key price levels based on the daily opening price, with configurable upper and lower levels calculated in pips. It is especially useful for tracking price movements relative to the previous day’s open and can help traders identify breakout zones, potential support/resistance, and key entry/exit points.
eatures:
Daily Open Price: The indicator automatically calculates and plots the daily open of the current trading day.
Upper and Lower Levels: Configurable upper and lower levels based on a user-defined pip interval. These levels can act as potential resistance or support zones.
Adjustable Pip Interval: You can customize the pip distance for the upper and lower levels to suit different trading styles and volatility.
Works for All Pairs: Option to automatically detect JPY pairs with a different pip value (0.1), or you can manually select your pair setting.
Color Customization: You can choose different colors for the daily open line, upper levels, and lower levels for easy visualization.
Immediate Visual Feedback: The indicator immediately draws the lines on the chart when added, without waiting for any market data.
How It Works:
The daily open price is retrieved from the current trading day, and horizontal lines are drawn at this price level, as well as at pip-based distances above and below it.
The pip distance is calculated using the Pip Interval setting and can be adjusted for any pair. For example, a 225-pip interval would create lines at 225 pips above and below the daily open.
The indicator dynamically updates every minute to reflect new daily opens and adjustments for each trading day.
Lines are drawn using the HLine (horizontal line) objects in MetaTrader 5, making them easy to spot and follow.
Parameters:
Pip Interval: Defines the pip distance for upper and lower levels (e.g., 225 pips). This affects how far above and below the daily open the levels are drawn.
Number of Levels: Sets how many upper and lower levels are drawn.
JPY Pairs: An option to adjust the pip value for JPY pairs (0.1 pip for JPY pairs vs. 0.01 pip for others).
Line Colors: Customize the colors for the daily open, upper levels, and lower levels.
Style & Width: Adjust the style (solid/dashed) and width of the lines to match your preferences.
VIX bottom/top with color scale [Ox_kali]📊 Introduction
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The “VIX Bottom/Top with Color Scale” script is designed to provide an intuitive, color-coded visualization of the VIX (Volatility Index), helping traders interpret market sentiment and volatility extremes in real time.
It segments the VIX into clear threshold zones, each associated with a specific market condition—ranging from fear to calm—using a dynamic color-coded system.
This script offers significant value for the following reasons:
Intuitive Risk Interpretation: Color-coded zones make it easy to interpret market sentiment at a glance.
Dynamic Trend Detection: A 200-period SMA of the VIX is plotted and dynamically colored based on trend direction.
Customization and Flexibility: All colors are editable in the parameters panel, grouped under “## Color parameters ##”.
Visual Clarity: Key thresholds are marked with horizontal lines for quick reference.
Practical Trading Tool: Helps identify high-risk and low-risk environments based on volatility levels.
🔍 Key Indicators
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VIX (CBOE Volatility Index) : Measures market volatility and investor fear.
SMA 200 : Long-term trendline of the VIX, with color-coded direction (green = uptrend, red = downtrend).
Color-coded VIX Levels:
🔴 33+ → Something bad just happened
🟠 23–33 → Something bad is happening
🟡 17–23 → Something bad might happen
🟢 14–17 → Nothing bad is happening
✅ 12–14 → Nothing bad will ever happen
🔵 <12 → Something bad is going to happen
🧠 Originality and Purpose
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Unlike traditional VIX indicators that only plot a line, this script enhances interpretation through visual segmentation and dynamic trend tracking.
It serves as a risk-awareness tool that transforms the VIX into a simple, emotional market map.
This is the first version of the script, and future updates may include alerts, background fills, and more advanced features.
⚙️ How It Works
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The script maps the current VIX value to a range and applies the corresponding color.
It calculates a SMA 200 and colors it green or red depending on its slope.
It displays horizontal dotted lines at key thresholds (12, 14, 17, 23, 33).
All colors are configurable via input parameters under the group: "## Color parameters ##".
🧭 Indicator Visualization and Interpretation
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The VIX line changes color based on market condition zones.
The SMA line shows long-term direction with dynamic color.
Horizontal threshold lines visually mark the transitions between volatility zones.
Ideal for quickly identifying periods of fear, caution, or stability.
🛠️ Script Parameters
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Grouped under “## Color parameters ##”, the following elements are customizable:
🎨 VIX Zone Colors:
33+ → Red
23–33 → Orange
17–23 → Yellow
14–17 → Light Green
12–14 → Dark Green
<12 → Blue
📈 SMA Colors:
Uptrend → Green
Downtrend → Red
These settings allow users to match the script’s visuals to their preferred chart style or theme.
✅ Conclusion
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The “VIX Bottom/Top with Color Scale” is a clean, powerful script designed to simplify how traders view volatility.
By combining long-term trend data with real-time color-coded sentiment analysis, this script becomes a go-to reference for managing risk, timing trades, or simply staying in tune with market mood.
🧪 Notes
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This is version 1 of the script. More features such as alert conditions, background fill, and dashboard elements may be added soon. Feedback is welcome!
💡 Color code concept inspired by the original VIX interpretation chart by @nsquaredvalue on Twitter. Big thanks for the visual clarity! 💡
⚠️ Disclaimer
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This script is a visual tool designed to assist in market analysis. It does not guarantee future performance and should be used in conjunction with proper risk management. Past performance is not indicative of future results.
