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Trading Range Detector - [GonzaCam]Strict Market Structure This indicator provides a highly disciplined approach to identifying Market Structure, Swing Points, and Trading Ranges. Unlike standard fractal indicators that simply look for high/low wicks, this script enforces a "Strict" set of rules combining Fractal Geometry, Candle Color, and Close Prices to filter out noise and identify high-probability structure levels. It is designed for traders who need precise structural mapping (BOS) and want to avoid the "fake-outs" common with standard swing indicators. Key Features Strict Swing Detection : A 3-candle pattern is only valid if it meets three specific criteria: Wick Fractal: The middle candle has the highest high (for Swing Highs) or lowest low (for Swing Lows). Close Price Fractal: The Body (Close) of the middle candle must also be the highest/lowest of the pattern, preventing weak "wick-only" pivots. Color Logic: Enforces specific color flows (e.g., Green → Red for tops) to ensure momentum has actually shifted. Smart Range Tracking: Active Range: Shows the current trading range (Top and Bottom) with thick, solid lines. Historical Structure: Automatically archives broken levels as thin, dashed lines, creating a clean history of market structure. "True Peak" Logic: When a Break of Structure (BOS) occurs, the script enters a "Seeking" phase. It intelligently tracks the Highest High (in a bearish break) or Lowest Low (in a bullish break) to ensure the new range is drawn from the true pivot, not just the first confirmed swing. How It Works 1. Swing High Definition A valid Swing High is confirmed when a 3-candle cluster appears with: Middle Candle: Green Body. Right Candle: Red Body. Geometry: Middle Wick High > Left & Right Wicks AND Middle Close > Left & Right Closes. Confirmation: Price must subsequently close below the low of the middle candle. 2. Swing Low Definition A valid Swing Low is confirmed when a 3-candle cluster appears with: Middle Candle: Red Body. Right Candle: Green Body. Geometry: Middle Wick Low < Left & Right Wicks AND Middle Close < Left & Right Closes. Confirmation: Price must subsequently close above the high of the middle candle. 3. Range & BOS Logic Break of Structure (BOS): Triggered when a candle closes outside the current Range Top or Bottom. Seeking Phase: After a BOS, the script waits for a new opposing swing to form. Example: If the market breaks UP (Bullish BOS), the script searches for the next confirmed Swing High. Optimization: While seeking, it continuously updates to the Highest High reached, ensuring the Range Top is set at the absolute peak of the move. Settings & Customization Current Range Style: Customize the Color, Width, and Style (Solid/Dotted) of the active range lines. Historical Swings Style: Customize the appearance of past structure levels to distinguish them from active price action. Disclaimer. This tool is for informational purposes only and does not constitute financial advice. Trading involves risk. Always use proper risk management
Penunjuk Pine Script®
oleh madsurfer
Scalping 4H Range + 50% This strategy is designed to capture high-probability reversals by exploiting "fakeouts" and liquidity sweeps that occur after the market's initial opening range. How it Works: The Range: The indicator automatically defines the High and Low of the first 4 hours of the trading session (typically the Asian/London overlap or New York Open). The Setup: Instead of chasing breakouts, this strategy waits for a Failure to Break. It monitors for price to break out of the 4-hour range and then immediately close back inside. The Signal: BUY Signal: Price breaks below the Range Low (sweeping liquidity) but closes back inside the range. SELL Signal: Price breaks above the Range High (sweeping liquidity) but closes back inside the range. Trade Management: Target: Trades target the opposing side of the range (e.g., a Buy at the Low targets the Range High). Stop Loss: Placed at the extreme wick of the fakeout move to ensure a tight risk profile. Equilibrium: A 50% Mid-Range line is provided to help secure partial profits or adjust stops to Breakeven. How to Use This Indicator 1. Chart Setup Timeframe: This strategy is optimized for the 5-Minute (M5) timeframe. Asset Class: Works best on volatile pairs (Indices like US30/NAS100, or major Forex pairs like EURUSD/GBPUSD) where liquidity sweeps are common. 2. Session Configuration Go to the indicator settings. Session Input: Define the first 4 hours of your trading day (e.g., 0000-0400 for the New York midnight open or 0800-1200 for the London Open). Note: The indicator automatically highlights this background in blue. No trades are taken during this formation phase. 3. Understanding the Visuals Red Line: Range High (Resistance). Green Line: Range Low (Support). Grey Dotted Line: Mid-Range (50% Equilibrium). 4. Trading Rules The strategy does not trade breakouts; it trades false breakouts (fakeouts). BUY Signal: Price breaks below the Green Line. Candle closes back above the Green Line. Entry: On the close of the signal candle. Stop Loss: Below the lowest wick of the breakout move. Take Profit: Target the Red Line (Range High). SELL Signal: Price breaks above the Red Line. Candle closes back below the Red Line. Entry: On the close of the signal candle. Stop Loss: Above the highest wick of the breakout move. Take Profit: Target the Green Line (Range Low). 5. Management (Mid-Range) When price hits the Grey Dotted Line (50%), it is recommended to move your Stop Loss to Breakeven or take partial profits. Disclaimer: Trading involves a high risk of financial loss. This tool is provided for educational purposes only and does not constitute investment advice. Use of this tool is at your own risk. Pirate Pips ™ is not responsible for any losses incurred.
Penunjuk Pine Script®
oleh toutounne325
SMC Liquidity & Dealing Range [Blk0ut]SMC Liquidity & Dealing Range - Concept - This is a professional-grade Smart Money Concepts (SMC) toolkit designed for precision intraday trading. Unlike standard indicators that rely on static "Previous Day" ranges or lagging pivot points, this script features a Dynamic Dealing Range that adapts in real-time to market structure. It identifies the valid structural range (Premium vs. Discount), automatically expands that range if price breaks out in real-time, and overlays significant liquidity pools (Internal/External) to help you frame high-probability setups. - Key Features - 1. Dynamic Dealing Range (Real-Time Expansion) Most structure indicators lag—they wait for a pivot to "confirm" (which takes bars) before moving the range. This script is distinct: It anchors the Dealing Range to the last confirmed structure, BUT it actively monitors live price action. Smart Expansion : If price makes a new High or Low after the confirmed pivot, the Dealing Range (and the Premium/Discount zones) automatically expands in real-time. You never have to wait for a candle close to see the true range. 2. Directional OTE (Golden Zone) The script detects the current structural bias based on the sequence of pivots. Bullish Structure: If the range is anchored by a Low, the script projects the Long OTE (61.8% - 78.6% Discount). Bearish Structure: If the range is anchored by a High, the script projects the Short OTE (61.8% - 78.6% Premium). 3. Automated Liquidity Classification The script plots key historical levels and classifies them dynamically: Internal Liquidity: Levels trapped inside the current Dealing Range. (Targets for "fuel"). External Liquidity: Levels outside the Dealing Range. (Targets for stop runs). Monitored Levels: PDH/PDL (Daily), PWH/PWL (Weekly), PMH/PML (Monthly), and Session Highs/Lows. 4. Smart Line Merging (Clustering) To prevent chart clutter, the script uses a clustering algorithm. If multiple liquidity levels (e.g., Swing High + Previous Day High) exist within a tight price zone (default 1.5% of range), the script merges them into a single line with a combined label (e.g. PDH + Swing High). Configuration Guide Dealing Range (Structure) Structure Type: External (Swing): Uses larger lookback periods (Default: 50). Best for finding the overall "playing field" on 15m/1H charts. Internal (Structure): Uses shorter lookback periods (Default: 20). Best for scalping sub-structure on 1m/5m charts. Lookback Lengths: Fully customizable to match your trading style. Note: Depending on the timeframes you use and your trading style you WILL have to play with the Lookback Lengths, and the selection of Internal vs. External structures! General Settings Forward / Backward Extension: Controls how far lines stretch across the screen. Merge Threshold: Controls how aggressively the script combines overlapping lines. Session Times Pre-Market / After-Hours: Essential for futures/stock traders. Ensure these match your exchange times (e.g., 0400-0930 for NY Pre-Market). How to Use Check the Phase: Are we in Premium (Red) or Discount (Green)? Identify Targets: Look for Internal Liquidity near the Equilibrium or OTE zones. The Setup: A common SMC play is to wait for price to sweep Internal Liquidity, tap into the OTE zone, and then target the opposing External Liquidity. Happy Trading! Don't be exit liquidity
Penunjuk Pine Script®
oleh Blk0ut
Malama's Range BreakoutMalama's Range Breakout is a dynamic indicator designed to automatically detect periods of price consolidation (tight ranges) and generate actionable signals for breakouts or wick-based reversals. Why It's Useful: Unlike fixed-time tools like Opening Range Breakouts (ORB), this indicator is Adaptive. It uses a volatility-adjusted threshold (ATR multiplier) to determine when a market is truly consolidating. This helps traders avoid false signals in choppy markets and focus on periods where volatility is compressing. Key Features: Adaptive Detection: Uses ATR over a user-defined lookback to find tight ranges automatically. Preset Profiles: Quickly switch between optimized settings for: Scalping: (Tight Ranges) Intraday: (Normal Ranges) Swing Trading: (Loose Ranges) Options/Chop: (Extreme sideways movement) Breakout Signals: Triggers "BUY/SELL" labels when price closes outside the box. Includes an optional Volume Filter to ignore low-momentum breakouts. Wick Reversals: Detects "Fake-outs" where wicks probe the range boundary but fail to close outside, signaling a potential reversal back into the range. How to Use: Select a Profile: Choose "Normal" for standard day trading or "Tight" for scalping. Wait for the Box: The indicator will draw an orange box when price consolidates. Trade the Break: Wait for a confirmed close outside the box (Look for the "Malama BUY/SELL" label). Watch for Rejection: If you see a "Wick" label, it means the breakout failed—be cautious or trade the reversal. Settings: Profile: Select your trading style (Scalping, Intraday, Swing). Volume Filter: Require a volume spike to confirm breakouts (Recommended). Wick Confirmation: Require a confirmation candle before signaling a wick reversal.
Penunjuk Pine Script®
oleh makenlegacy
ES 30 Second Opening RangeOverview Tracks opening ranges across three global futures sessions (RTH, Globex, Europe) using 30-second precision sampling. Provides high/low/mid levels, 15-point projection intervals, and breakout detection for range-based trading. What Makes This Unique 30-Second Precision: Uses request.security_lower_tf() to sample the first 30 seconds of each session, capturing exact opening range high/low rather than relying on larger timeframe bars. Multi-Session Tracking: Simultaneously monitors RTH (8:30 AM CT), Globex (5:00 PM CT), and Europe (2:00 AM CT) opening ranges with independent calculations for 24-hour futures coverage. 15-Point Projections: RTH-specific feature plots 5 extension levels above/below opening range at 15-point intervals (+15, +30, +45, +60, +75). Calibrated for ES futures point movement. Adjustable Scalp Levels: Customizable +/- point lines from RTH range (default 4 points) for precise entry/exit management. How It Works Opening Range Calculation: Session detection: hour(time, "America/Chicago") + minute(time) * 0.01 30s data request: request.security_lower_tf(syminfo.tickerid, "30S", high/low) Range capture: ta.valuewhen(session_time == start_time AND second == 0, array.get(data, 0), 0) Midpoint: (high + low) / 2 At each session start, the indicator captures the first 30-second bar's high and low, then plots these as persistent levels throughout the session. 15-Point Intervals (RTH only): Level_up = RTH_high + (15 × n) where n = 1,2,3,4,5 Level_down = RTH_low - (15 × n) Breakout Detection: Break_up = ta.crossover(close, session_high) Break_down = ta.crossunder(close, session_low) Statistics: Range width = session_high - session_low (displayed in table) How to Use Session-Based Levels: Each session's opening range represents institutional price discovery. Use as dynamic support/resistance throughout the day. Breakout Trading: Visual signals mark opening range breakouts. Narrow ranges (<10 points ES) often precede larger moves. 15-Point Targets: After RTH breakout, use 15-point intervals as profit targets. Example: after +15 hit, next target is +30. Gap Analysis: Compare overnight sessions to RTH. Gaps often fill toward RTH opening range. Scalping: Adjustable point offset provides tight profit targets from range boundaries. Key Settings Session Toggles: Enable/disable RTH, Globex, Europe individually 15-Point Lines: RTH-only, off by default. Shows 5 levels above/below OR at 15-point intervals Point Offset (4.0): Adjustable for tighter (2-3) or wider (6-8) scalp levels Range Boxes: Optional visual highlighting with adjustable transparency Statistics Table: Shows session high, low, range width Why Protected Source The 30-second data aggregation using request.security_lower_tf() with time-based session detection, 15-point interval projection system calibrated for ES futures, and multi-session concurrent tracking represent proprietary implementation methods. Important Disclaimers Not Financial Advice. Educational tool only. Instrument Specific. 15-point intervals optimized for ES futures. Other instruments may need different sizes. Session Accuracy. Captures first 30 seconds only. Data gaps or late opens may affect accuracy. Historical Limitations. Opening range effectiveness varies by market regime and volatility. Always use proper risk management. This provides reference levels, not trade signals.
Penunjuk Pine Script®
oleh Bostonshamrock
IDWM Master StructureExecutive Summary The IDWM Master Structure is a Multi-Timeframe (MTF) trading tool designed to force discipline by aligning traders with the "Parent" trend. It functions by locking onto the "Completed Auction" of a higher timeframe candle (like a Daily or Weekly bar) and projecting that structure onto your lower timeframe chart. Its primary goal is to define the "Dealing Range"—the hard boundaries where value was previously established—so you don't get lost in the noise of smaller price movements. 1. The Principle of Completed Auctions (Hierarchy) Most technical indicators curve dynamically with every price tick. This script acts differently because it relies on "Settled Arguments." A closed Daily candle represents a finished battle between buyers and sellers; the High and Low are the historical results of that battle. To enforce this, the script automatically selects a "Parent" timeframe based on your view: Scalping (charts below 15 minutes) uses the 4-Hour Auction. Intraday trading (15 minutes to 4 Hours) uses the Daily Auction. Swing trading (Daily chart) uses the Weekly Auction. 2. Liquidity Pools & The Sticky Range The High and Low lines drawn by the indicator are not just support and resistance; they represent Liquidity Pools. In market theory, stop-losses (Sell Stops below Lows, Buy Stops above Highs) accumulate at these edges. Smart money often pushes price just past these lines to grab this liquidity (a "Stop Hunt") before reversing direction. To account for this, the script uses a "Sticky Range" mechanism. It refuses to redraw the box simply because price touched the line. Instead, it uses an Average True Range (ATR) Buffer. A new structure is only formed if the candle closes decisively outside the range plus this volatility buffer. This ensures you are trading real breakouts, not liquidity sweeps. 3. Internal Range Mechanics (Premium vs. Discount) Inside the Master Box, the script applies Equilibrium Theory to help with trade location. The most important internal line is the Equilibrium (EQ), which marks the exact 50% point of the range. Premium Zone (Above EQ): Price is mathematically "expensive" relative to the recent range. Algorithms generally look to establish Short positions here. Discount Zone (Below EQ): Price is considered "cheap." Algorithms generally look to establish Long positions here. It also plots the Master Open, which acts as a "Line in the Sand." If price is currently trading above the Master Open, the higher timeframe candle is Green (Bullish), suggesting longs have a higher probability. If below, the candle is Red (Bearish). 4. Wick Theory (Failed Auctions) The script places special emphasis on the wicks of the Master Candle because a wick represents a "Failed Auction"—a price level the market tried to explore but ultimately rejected. The indicator highlights the background of the wick area (from the High to the Body). On a retest, these zones often act as supply or demand blocks because the market remembers the previous failure. It also calculates the "Consequent Encroachment," which is the 50% midpoint of the wick. The rule of thumb here is that if a candle body can close past 50% of a wick, the rejection is nullified, and price will likely travel to fill the entire wick. 5. Energy Expansion (Breakout Targets) Market energy transfers from Consolidation (inside the box) to Expansion (the breakout). When the price finally breaks the "Sticky Range" (confirming via the ATR buffer), the script projects where that energy will go. It uses the height of the previous range to calculate Fibonacci extensions. Specifically, it targets the 1.618 Extension, often called the "Golden Ratio." This is a statistically significant level where expansion moves tend to exhaust themselves and reverse. 6. Safety Protocol: Live Detection A dashboard monitors the state of the parent candle. If the text turns Magenta with a warning symbol, it means the Higher Timeframe candle is "Live" (still forming). Trading off a live structure is considered higher risk because the "Auction" isn't finished—the High or Low can still shift. The safest approach is to trade when the dashboard indicates a standard, locked, historical structure.
Penunjuk Pine Script®
oleh siLve_R88
LA - Opening Price based Previous day Range PivotThis "LA - Opening Price based Previous day Range Pivot" indicator is a custom technical analysis tool designed for Trading View charts. It plots support and resistance levels (often referred to as pivots or ranges) based on the current opening price combined with the previous period's trading range. The "previous period" can be daily, weekly, or monthly, making it a multi-timeframe tool. These levels are projected using Fibonacci-inspired multipliers to create potential breakout or reversal zones. The core idea is inspired by concepts like the Opening Range Breakout (ORB) strategy or Fibonacci pivots, but it's customized here to use a dynamic range calculation (the maximum of several absolute price differences) rather than a simple high-low range. This makes it more robust for volatile markets. Levels are symmetric above (resistance) and below (support) the opening price, helping traders identify potential entry/exit points, stop-losses, or targets. This will be useful when there is a gap-up/down as in Nifty/Sensex . Purpose of the Indicator: To visualize potential support/resistance zones for the current trading session based on the opening price and historical range data. This helps traders anticipate price movements, such as breakouts above resistance or bounces off support Use Cases: Intraday Trading: On lower timeframes (e.g., 5-min or 15-min charts), it shows daily levels for short-term trades. Swing Trading: On higher timeframes (e.g., hourly or daily), it displays weekly/monthly levels for longer holds. Range Identification: The filled bands highlight "zones" where price might consolidate or reverse. Conditional Display: Levels only appear on appropriate timeframes (e.g., daily levels on intraday charts <60min), preventing clutter. Theoretical Basis: It builds on pivot point theory, where the opening price acts as a central pivot. Multipliers (e.g., 0.618 for Fibonacci golden ratio) project levels, assuming price often respects these ratios due to market psychology. How Calculations Work Let's dive into the math with examples. Assume a stock with: Current daily open (cdo) = $100 Previous daily high (pdh) = $105, low (pdl) = $95, close (pdc) = $102, close 2 days ago (pdc2) = $98 Step 1: Dynamic Range Calculation (var_d2): This is the max of: |pdh - pdc2| = |105 - 98| = 7 |pdl - pdc2| = |95 - 98| = 3 |pdh - pdl| = |105 - 95| = 10 (previous day range) |pdh - cdo| = |105 - 100| = 5 |pdl - cdo| = |95 - 100| = 5 |pdc - cdo| = |102 - 100| = 2 |pdc2 - cdo| = |98 - 100| = 2 Max = 10 (so range = 10). This ensures the range accounts for gaps and extended moves, not just high-low. Step 2: Level Projections: Resistance (above open): Open + (Range * Multiplier) dre6 = 100 + (10 * 1.5) = 115 dre5 = 100 + (10 * 1.27) ≈ 112.7 ... down to dre0 = 100 + (10 * 0.1) = 101 dre50 = 100 + (10 * 0.5) = 105 (midpoint) Support (below open): Open - (Range * Multiplier) dsu0 = 100 - (10 * 0.1) = 99 ... up to dsu6 = 100 - (10 * 1.5) = 85 Without Indicator With Indicator Pros and Cons Pros: Multi-Timeframe Flexibility: Seamlessly integrates daily, weekly, and monthly levels, useful for aligning short-term trades with longer trends (e.g., intraday breakout confirmed by weekly support). Dynamic Range Calculation: Unlike standard pivots (just (H+L+C)/3), it uses max of multiple diffs, capturing gaps/volatility better—great for stocks with overnight moves. Customizable via Inputs: Users can toggle levels, adjust multipliers, or change timeframes without editing code. Inline inputs keep the UI clean. Visual Aids: Filled bands make zones obvious; conditional colors highlight "tight" vs. "wide" ranges (e.g., for volatility assessment). Fibonacci Integration: Levels based on proven ratios, appealing to technical traders. Symmetric supports/resistances simplify strategy building (e.g., buy at support, sell at resistance). No Repainting: Uses historical data with lookahead, so levels are fixed once calculated—reliable for back-testing. Cons: Chart Clutter: With all toggles on, 50+ plots/fills can overwhelm the chart, especially on mobile or small screens. Requires manual disabling. Complexity for Beginners: Many inputs and calculations; without understanding fib ratios or range logic, it might confuse new users. Performance Overhead: On low timeframes (e.g., 1-min), fetching higher TF data multiple times could lag, especially with many symbols or back-tests. Assumes Volatility Persistence: Relies on previous range projecting future moves; in low-vol markets (e.g., sideways trends), levels may be irrelevant or too wide/narrow. No Alerts or Signals: Purely visual; no built-in buy/sell alerts or crossover conditions—users must add separately. Hardcoded Styles/Colors: Limited customization without code edits (e.g., can't change line styles via inputs). Also, not optimized for non-stock assets (e.g., forex with 24/7 trading). In summary, this is a versatile pivot tool for range-based trading based on Opening price, excelling in volatile markets but requiring some setup. If you're using it, start with defaults on a daily chart and toggle off unnecessary levels.
Penunjuk Pine Script®
oleh aravindleo_45
2
Combined Predictive Indicator### Combined Predictive Zones & Levels This indicator is a powerful hybrid tool designed to provide a comprehensive map of potential future price action. It merges two distinct predictive models into a single, cohesive view, helping traders identify key levels of support, resistance, and areas of high confluence. #### How It Works: Two Models in One This script is built on two core components that you can use together or analyze separately: **Part 1: Classic Range & Fibonacci Prediction** This model uses classic technical analysis principles to project a potential range for the upcoming price action. * **Highest High / Lowest Low:** It identifies the significant trading range over a user-defined lookback period. * **Fibonacci Levels:** It automatically plots key Fibonacci retracement levels (e.g., 38.2% and 61.8%) within this range, which often act as critical support or resistance. * **ATR & Average Range:** It calculates a "predicted" upper and lower boundary based on the average historical range and current volatility (ATR). **Part 2: Advanced Predictive Ranges (Self-Adjusting Channels)** This is a dynamic model that creates adaptive support and resistance zones based on a smoothed average price and volatility. * **Dynamic Average:** It uses a unique moving average that only adjusts when the price moves significantly, creating a stable baseline. * **ATR-Based Zones:** It projects multiple levels of support (S1, S2) and resistance (R1, R2) around this average, which widen and narrow based on market volatility. These zones often signal areas where price might stall or reverse. #### Key Features: * **Hybrid Model for Confluence:** The true power of this indicator lies in finding where the levels from both models overlap. A Fibonacci level aligning with a Predictive Range support zone is a much stronger signal. * **Comprehensive Data Table:** A clean, on-chart table displays the precise values of all key predictive levels, allowing for quick reference and precise trade planning. * **Multi-Timeframe (MTF) Capability:** The Advanced Predictive Ranges can be calculated on a higher timeframe, giving you a broader market context. * **Fully Customizable:** All lengths, multipliers, and levels for both models are fully adjustable in the settings to fit any asset or trading style. * **Clear Visuals:** All zones and levels are color-coded for intuitive and easy-to-read analysis. #### How to Use: 1. Look for areas of **confluence** where multiple levels from both models cluster together. These are high-probability zones for price reactions. 2. Use the Predictive Range zones (S1/S2 and R1/R2) as potential targets for trades or as areas to watch for entries and exits. 3. Pay attention to the on-chart table for exact price levels to set limit orders or stop-losses. **Disclaimer:** This script is an analytical tool for educational purposes and should not be considered financial advice. All trading involves risk. Past performance is not indicative of future results. Always use this indicator as part of a comprehensive trading strategy with proper risk management. Feedback is welcome! If you find this tool useful, please leave a like.
Penunjuk Pine Script®
oleh TiamatCrypto
1
Fundamental Fair Value RangeFundamental Fair Value Range (FFV Range) Purpose: This indicator aims to estimate a company's intrinsic fair value range based on its historical valuation patterns and current financial health. It analyzes multiple fundamental valuation metrics to provide a comprehensive perspective, helping traders identify potential overvaluation or undervaluation relative to the company's own historical norms. How It Works: Data Collection: The script gathers historical financial data for the company over a user-defined number of past quarters ( Number of Quarters to Average ). It retrieves key metrics like Earnings Per Share (EPS), Book Value Per Share (BVPS), Sales Per Share, Free Cash Flow (FCF) Per Share, Tangible Book Value Per Share (TBVPS), EBITDA, Operating Cash Flow (OCF) Per Share, Enterprise Value (EV), and Net Debt. It also pulls current TTM (Trailing Twelve Months) data, forward estimates (EPS, Sales), risk metrics (Debt-to-Equity, Altman Z-Score), and dividend yield. Historical Ratio Calculation: For each of the past quarters where data is available, the script calculates standard valuation ratios (P/E, P/B, P/S, P/FCF, P/TBV, EV/EBITDA, P/CF) using the closing price at that time and the relevant financial data. Ratios are capped ( Maximum Ratio Cap ) to prevent extreme outliers from skewing results. Central Tendency: The script calculates the historical central tendency (either the median or mean , selectable by the user) for each valuation ratio based on the collected historical data points. Median is generally preferred to reduce the impact of outliers, but the mean option is available. Individual Metric Fair Values: Using the current financial data (TTM EPS, BVPS, Sales/Share, etc.) and the calculated historical average ratio , the script estimates a fair value based on each individual metric . For example: P/E Fair Value = Current EPS * Historical Average P/E Ratio P/S Fair Value = Current Sales Per Share * Historical Average P/S Ratio (...and so on for P/B, P/FCF, P/TBV, and P/CF.) Forward-Looking Adjustments & Blending: P/E: Calculates fair value using both TTM EPS and Forward EPS estimates. These two values are then blended (averaged) to incorporate future expectations. If only one is available, that one is used. EV/EBITDA: Calculates fair value based on TTM EBITDA and also based on estimated future EBITDA (derived from Sales Estimates and historical EBITDA margin). These are then blended . The calculation converts the Enterprise Value back to an estimated equity value per share by subtracting Net Debt. P/S: Also calculates a forward-looking P/S fair value using Sales Estimates, which is considered alongside the TTM version when weighting. Weighted Composite Fair Value: The script combines the individual fair value estimates into a single composite value using a weighted average . User-Defined Weights: You assign weights to each metric (P/E, P/S, P/FCF, P/B, P/TBV, EV/EBITDA, P/CF) via the script settings. Dynamic Weighting: The weights for P/E, P/S, and P/FCF can be set differently depending on whether the company's current TTM EPS is positive or negative. This allows the model to emphasize sales or cash flow metrics more heavily for unprofitable companies, where P/E is less meaningful. Risk Adjustment: The composite fair value is adjusted downwards (multiplied by 0.9 for each condition met) if: Debt-to-Equity ratio exceeds 1.5 (indicating higher leverage risk). Altman Z-Score is below 1.8 (indicating higher bankruptcy risk). Dividend Adjustment: The risk-adjusted fair value is then potentially increased based on the company's dividend yield. The yield is added to the value (up to a maximum adjustment of 5% - MAX_DIV_ADJ ) to reflect the value returned to shareholders via dividends. Final Fair Value = Risk-Adjusted Value * (1 + Capped Dividend Yield) . Confidence Range: A range is calculated around the Final Fair Value. This range is determined by the standard deviation of the individual fair value components that were actually used (had valid data and positive weights) in the composite calculation. A wider range suggests less agreement between the different valuation methods. Valuation Signal: The script compares the current closing price to the calculated Final Fair Value and the Confidence Range, using Average True Range (ATR) based thresholds near the fair value: Very Undervalued: Price is below the Lower Bound of the confidence range. Undervalued: Price is below the Final Fair Value minus an ATR-based buffer. Fairly Valued: Price is near the Final Fair Value (within the ATR buffer). Overvalued: Price is above the Final Fair Value plus an ATR-based buffer. Very Overvalued: Price is above the Upper Bound of the confidence range. Features & Customization: Multi-Metric Analysis: Incorporates P/E, P/B, P/S, P/FCF, P/TBV, EV/EBITDA, and P/CF. Historical Basis: Choose Median or Mean for historical ratio calculation and set the lookback period (number of quarters). Flexible Weighting: Customize the importance of each metric. Crucially, set different weights for P/E, P/S, and P/FCF based on profitability (EPS > 0 or EPS ≤ 0). Forward Data Integration: Blends TTM and forward estimates for P/E and EV/EBITDA. Risk & Dividend Adjustments: Automatically discounts for high debt/low Altman Z-score and premiums for dividend yield (capped). Clear Visualization: Plots the Final Fair Value line on the chart. Plots the Upper and Lower Confidence Bounds (based on standard deviation). Fills the area between bounds to show the Confidence Range. Informative Data Table: Displays the calculated fair value for key individual metrics, their historical average ratios, and current underlying financial values (like EPS, BVPS). Shows risk metrics (Debt/Equity, Altman Z). Clearly presents the Final Composite Fair Value, the Confidence Range, the current Valuation Signal (e.g., "Undervalued"), and the percentage difference between the current price and the fair value. Simple/Full Mode: Option to display a condensed table with only the summary results or the full detailed breakdown. Display Options: Adjust table position, text size, and switch between light/dark themes for better readability. How to Use: Apply the indicator to a stock chart on TradingView. Configure Settings: Go into the indicator settings ( Gear Icon ⚙️). - Calculation Parameters: Set the Number of Quarters to Average (e.g., 20 for 5 years) and choose Use Mean Instead of Median if desired. Adjust Maximum Ratio Cap if needed. - Valuation Weights: This is crucial. Adjust the weights based on the industry, company maturity, and your valuation philosophy. Consider giving higher weights to metrics commonly used for that sector. Use the separate weights for positive/negative EPS scenarios thoughtfully. For instance, for unprofitable tech stocks, you might assign zero weight to P/E and higher weights to P/S or EV/EBITDA (negative EPS weights). - Display Options: Choose table mode, position, size, and theme. Interpret the Output: - Observe the plotted Fair Value line relative to the current price. - Note the Confidence Range (shaded area). A wider range indicates more uncertainty or divergence between valuation methods. - Check the Valuation status in the table (e.g., "Undervalued", "Overvalued"). - Use the % from Fair Value in the table for a quick gauge of deviation. - Review the individual metric fair values in the full table mode to understand which factors are driving the composite value. Considerations: Historical Data Dependence: The model heavily relies on past valuation patterns repeating. Significant changes in a company's business model, market, or industry may make historical ratios less relevant. Parameter Sensitivity: The calculated fair value is sensitive to the chosen weights and the historical lookback period. Experiment and use values that make sense for your analysis style and the specific stock. Data Quality: The accuracy of the output depends entirely on the accuracy and availability of the underlying financial data provided by TradingView for the specific ticker. Data may be missing or contain errors for some stocks. Not Financial Advice: This indicator provides a model-based estimation of fair value. It should be used as one tool among many in your investment decision-making process, not as a sole buy/sell signal. Always conduct thorough due diligence.
Penunjuk Pine Script®
oleh ChartingCycles
6
Normalized True Range - Grouped by WeekdaysThis indicator helps traders analyze daily volatility patterns across different days of the week by calculating normalized price ranges. Unlike traditional volatility measures, it uses a normalized approach by dividing the daily range (high-low) by the midpoint price and multiplying by 100, providing a percentage-based measure that's comparable across different price levels. This normalization makes it particularly useful for comparing volatility patterns across different assets or time periods. The indicator also includes a statistical overlay that highlights extreme volatility events. By calculating the 5th and 95th percentiles of the normalized ranges within your specified date range, it creates upper and lower bounds that help identify outlier days where volatility was exceptionally high or low. These bounds appear as horizontal lines on the chart, making it easy to spot when current volatility breaks out of its historical norms. The data is presented in both visual and tabular formats, with a comprehensive table showing the maximum, minimum, average, and 25th percentile ranges for each day of the week. This dual presentation allows traders to both quickly spot patterns visually and access detailed statistics for deeper analysis. The user can customize the analysis period through simple date range inputs, making it flexible for different analytical timeframes.
Penunjuk Pine Script®
oleh joe96207
Fibonacci Period Range [UkutaLabs]█ OVERVIEW The Fibonacci Period Range Indicator is a powerful trading tool that draws levels of support and resistance that are based on key Fibonacci levels. The script will identify the high and low of a range that is specified by the user, then draw several levels of support and resistance based on Fibonacci levels. The script will also draw extension levels outside of the specified range that are also based on Fibonacci levels. These extension levels can be turned off in the indicator settings. Each level is also labelled to help traders understand what each line represents. These labels can be turned off in the indicator settings. The purpose of this script is to simplify the trading experience of users by giving them the ability to customize the time period that is identified, then draw levels of support and resistance that are based on the price action during this time. █ USAGE In the indicator settings, the user has access to a setting called Session Range. This gives users control over the range that will be used. The script will then identify the high and low of the range that was specified and draw several levels of support and resistance based on Fibonacci levels between this range. The user can also choose to have extension levels that display more levels outside of the range. These lines will extend until the end of the current trading day at 5:00 pm EST. █ SETTINGS Configuration • Display Mode: Determines the number of days that will be displayed by the script. • Show Labels: Determines whether or not identifying labels will be displayed on each line. • Font Size: Determines the text size of labels. • Label Position: Determines the justification of labels. • Extension Levels: Determines whether or not extension levels will be drawn outside of the high and low of the specified range. Session • Session Range: Determines the time period that will be used for calculations. • Timezone Offset (+/-): Determines how many hours the session should be offset by.
Penunjuk Pine Script®
oleh UkutaLabs
2
Twin Range Filter VisualizedVisulaized version of @colinmck's Twin Range Filter version on TradingView. On @colinmck's Twin Range Filter version, you can only see Long and Short signals on the chart. But in this version of TRF, users can visually see the BUY and SELL signals on the chart with an added line of TRF. TRF is an average of two smoothed Exponential Moving Averages, fast one has 27 bars of length and the slow one has 55 bars. The purpose is to obtain two ranges that price fluctuates between (upper and lower range) and have LONG AND SHORT SIGNALS when close price crosses above the upper range and conversely crosses below lower range. I personally combine the upper and lower ranges on one line to see the long and short signals with my own eyes so, -BUY when price is higher or equal to the upper range level and the indicator line turns to draw the lower range to follow the price just under the bars as a trailing stop loss indicator like SuperTrend. -SELL when price is lower or equal to the lower range levelline under the bars and then the indicator line turns to draw the upper range to follow the price just over the bars in that same trailing stop loss logic. There are also two coefficients that adjusts the trailing line distance levels from the price multiplying the effect of the faster and slower moving averages. The default values of the multipliers: Fast range multiplier of Fast Moving Average(27): 1.6 Slow range multiplier of fSlow Moving Average(55): 2 Remember that if you enlarge these multipliers you will enlarge the ranges and have less but lagging signals. Conversely, decreasing the multipliers will have small ranges (line will get closer to the price and more signals will occur)
Penunjuk Pine Script®
oleh KivancOzbilgic
25
Consolidation Range Tracker[Trendoscope]🎲 Introducing Consolidation Range Tracker: Visualising Price Consolidation after Impulsive Moves ConsolidationRangeTracker is an innovative indicator designed to assist traders in identifying and tracking price consolidation zones following impulsive market moves. This indicator is built on Auto Motive Wave indicator and Interactive Motive Wave indicator. This is also an attempt to plot Wyckoff Distribution pattern. But, instead of implying the price movement after consolidation, we are just leaving it to the interpretation of the users. 🎲 Process Find impulse wave using the methods defined in Auto Motive Wave indicator and Interactive Motive Wave indicator Define the range of consolidation based on predefined ratio (available as input settings) Track the price movement within range along with number of bars and cumulative volume. When price breaks out of the range, check if price ranged long enough to consider it as consolidation. Retain the drawings and visualisation if the consolidation is confirmed before the breakout. Or else, remove them from the chart to keep it clean. Overall output can be visualised as Note : Patterns will not be there on the chart every time. It is normal for indicator not to show any drawings or patterns on the chart. 🎲 Stages of the Indicator 🎯 When an Impulse is formed When an impulse wave is detected, wave is drawn on the chart along with details such as number of bars and volume spawning the impulse wave and the calculated range based on the input value. An alert of new impulse is also triggered if configured for alerts. 🎯 When an Impulse is updated When price extends further without consolidating, the impulse wave is also updated to consider the latest values. This repaint is expected and as designed. We will also trigger an alert related to update of an impulse wave. 🎯 Update of range as and when it happens Range is not bound and it keeps moving based on the highest and lowest price. Value of range is constant and it is calculated based on certain ratio of impulse as configured in settings. But, this range can move up and down based on which direction the price moves. For example, this is the initial range when the impulse wave is formed. But, after certain bars, we can see that the range shift slightly up because, price has more upward movement than downward. No alerts are triggered during this phase. 🎯 Confirmed consolidation Consolidation range is confirmed after price range through certain bars with respect to number of bars involved in the impulse wave. The default setting of 1 for range bar ratio means that range is confirmed when price ranges for same number of bars as that of impulse. An alert is triggered when consolidation range is confirmed. 🎯 Breakout Breakout happen if the price exceeds the range bracket. Breakout may happen either before or after confirmation of consolidation. In either case, an alert is triggered. Patterns are removed from the chart if the consolidation is not confirmed. In other words, the price did not stay in range for long time. 🎲 Settings Simple settings to define the zigzag base and few pattern related configuration. 🎲 Alerts Alerts are configured using alert function and are triggered in following scenarios. A new impulse created An impulse wave is updated Consolidation range confirmed Breakout with/without confirmed consolidation. 🎲 Use Cases Indicator can be used for identifying few types of patterns on the chart. But, they may involve user's discretion. Major patterns that can be identified are: 🎯 Flag Formation Consolidation after an impulse can be termed as flag and is a sign of trend continuation after consolidation. 🎯 Wyckoff Distribution Long consolidation with high volume after an impulse can be a sign of wyckoff distribution formation. This pattern is trend reversal pattern.
Penunjuk Pine Script®
oleh Trendoscope
19
TrendDECODER by MetaSignalsProTrendDECODER The fastest indicator to detect trends and price ranges ------------------------------------------------------------------- ✔️ Identify ranges and the next probable direction ✔️ Get the earliest signals and the strength of Trends ✔️ Get clear exits signals before reversal ✔️ Spot the Fibo levels the price will test ------------------------------------------------------------------- 📌 What is it about ? -------------------------- TrendDECODER is a concentrate of multiple innovations to make Trend following simple and easy. Please see in the 🛠️ Calculation & Precisions section at the end of this page to know more how they work. 👉 With the GreyBox - identify when the market gets out of the Trend with a new sequence of transition. Check if the market is in Range, Continuation or Reversal (Up or Down) and wait for the closing of the box to get the Trend signal. 👉 With the DecoderSignals & Blue/Orange Clouds - once the GreyBox has delivered its message, get the new direction of the Trend and see the probable zones of pull backs during the current direction. 👉 With the Projective TrendLine - see before it happens the direction and the possible angle of the Trend with its probable range. 👉 With the RealTime TrendLine vs the Projective TrendLine - adjust immediately if the market accelerates North or South. 👉 With the RealTime TrendLine Crossing - detect at the earliest the moment the Trend gets out of track, to get out of the train. 👉 With the FiboLevels - spot immediately which price levels the market will test. 📌 For which asset? ----------------------- TrendDECODER is universal : it works fine on all assets and all time-frames; ☝️ always work on a multi-timeframe environment to minimize risk; 📌Why we made these innovations? --------------------------------------------- Because the trend indicators that we know, lag a lot and do not clearly identify ranges! We need much more powerful tools than Supertrend or a couple of moving averages crossings to get this done. 📌 How to trade with TrendDECODER? ---------------------------------------------- 🔹 Strategy #1: Trend Following : DecoderSignals & Blue/Orange Clouds ---------------------------------------------------------------------------------------- The GreyBOX has given the next probable movement and the Signal of a Trend in on. The RealTime TrendLine guides us on the pace of this movement and the Blue/ Orange/Cloud figures the support/resistance of this movement. It will be wise not to jump immediately in the Trend as the signal appears as the price will very probably make a pullback in direction of the cloud first. 🔹 Strategy #1: Checklist 📍 Set a Multi Time Frame environment 📍 Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down) 📍 Main Time Frame: appearance of the « TrendUp Signal » or the « TrendDown Signal » 📍 Entry: ☝️ buying « at Market » immediately on a « Trend Signal » is quite risky as many times the price will pull back near the Clouds 👉 a good option is to buy 1/2 the position at market on signal 👉 and 1/2 after the first pull back 📍 First Stop Loss: place your SL under the lower border of the GreyBox for an expected TrendUp or the higher border for an expected TrendDown 📍 BreakEven: when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry 📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown) 📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN) 📍 Exits: 👉 Early option : Crossing of the RealTime TrendLine 👉 Late option : Crossing of the Blue/Orange cloud 🔹 Strategy #2: Early Trend following : RealTime TrendLine Crossing ------------------------------------------------------------------------------------- With this simple tool, get a very early signal of a probable inversion of the current Trend, way before the Decoder Signal is shown, once confirmed by the GreyBOX. 🔹 Strategy #2: Checklist 📍 Set a Multi Time Frame environment 📍 Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down) 📍 Entry (Main Time Frame): wait for the Close crossing over the ReaTime TrendLine in an expected TrendUp (under for a TrendDown ) 📍 First Stop Loss (Main Time Frame): 👉 place your SL under the lower low of the GreyBOX (for an expected TrendUp) or the higher high (for an expected TrendDown) 📍 BreakEven: move your SL to Entry price when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry 📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown) 📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN) 📍 Exits: 👉 Early option : Crossing of the RealTime TrendLine 👉 Late option : Crossing of the Blue/Orange cloud 🎛️ Configuration --------------------- Well, basically you do not have to do anything ! But you can make TrendDECODER perfectly yours with a few switches in the configuration panel to make appear or disappear each one of the elements composing TrendDECODER. 🛠️ Calculation & Precisions ------------------------------------ 🔹 Blue/Orange Clouds The Blue/Orange Clouds are a proprietary synthesis of Price Action and Volume Exchange in real time. 🔹 Projective TrendLine As soon as a new high or a new low has been reached during the last move, TrendDECODER traces a possible angle of the future movement based on the pace of the last one in the same direction. The distance between the Projective TrendLine and the Last Lowest (resp. Highest) gives you a possible bottom (resp. top) of the price range. 🔹 RealTime TrendLine As soon as the Decoder GreyBox has delivered its information i.e Range/Continuation/ReversalUp/ReversalDown and that a New High (resp. New Low) has been reached, the RealTime TrendLine starts to show the pace and the angle of the new movement based on a linear regression adanced concept. The angles of the Projective and the RealTime TrendLine can be identical, telling you that the market moves smoothly in a global consensus. It can be a smart Trailing Stop Loss. Or these angles can be very different and it will call your maximum attention. You might want to switch to a superior timeframe to get the bigger picture. 🔹 FiboLevels Once a new Trend is signaled, the levels of Fibonnaci are automatically placed. They are calculated on the last Highest and Lowest of the former movement.
Penunjuk Pine Script®
oleh MetaSignalsPro
16
XBrat Range Breakout - Defining Ranges & The Trading BiasxBrat Range Breakout Designed to help define opening ranges of major markets, along with Gold Pit opens, Oil Pit opens and for major economic data points. We recommend timeframes for opening ranges on different type of instruments further down this description There are 6 range data points available, 4 of which are pre-defined (but can be adjusted and renamed) and then 2 spare for those important data points. All the times and label names can be adjusted. 4 Pre-Defined Openings are: Europe Gold Pit Open (8am Europe time) London Stock Exchange Open (9am Europe time) New York Gold Pit Open (8.20am EST) NYSE Open (9.30am EST) The range is defined by a parallel coloured cloud which changes colour depending on the BIAS of the opening range, calculated automatically for our users. At the same time the Open Tag is also coloured to help identify the BIAS and indeed which direction traders should trade the Range Breakout after the first candle has closed. The range BIAS continues to be drawn on the chart until the following days open. The colour will change as per the BIAS of that opening range. This allows for multiple entries of breakouts of the defined range throughout the following 24 hours. Range Breakout BIAS Colours Green - Bullish BIAS - When first candle has closed only look for breakouts to the upside Red - Bearish BIAS - When first candle has closed only look for breakouts to the downside Yellow - Neutral BIAS - When first candle closed, look for breakouts to both upside and downside or best not to trade the breakouts as neutral BIAS indicates indecision Time Frames we suggest for open ranges of any market open or data points are: Metals & Energy Futures or CFDs - 5 minute time frame Currencies - Forex Pairs or Futures - 10 minute time frame Index Futures or CFDs - 15 minute time frame
Penunjuk Pine Script®
oleh PBratbyOfficial
2
MTF Dashboard V4 (Trend + RangeDetector)MTF Trend & Range Dashboard This indicator is designed to provide a fast, decision-oriented market context by combining: – EMA-based trend detection – Multi-timeframe confirmation – Range vs expansion detection using recent price compression The purpose of this dashboard is not to generate entries automatically, but to help traders: – avoid premature entries during ranges – identify alignment or conflict between timeframes – filter low-probability trades when short-term and higher-timeframe contexts diverge The range detection logic is based on the price spread between the highest high and lowest low over a configurable number of candles. When this spread remains below a defined threshold, the market is considered in consolidation. This indicator is particularly suited for intraday traders who work on a primary timeframe (e.g. M15) and need immediate contextual confirmation from surrounding timeframes (M5, M30, M45, etc.)
Penunjuk Pine Script®
oleh Battosaii23
NeuraEdge ORB - Opening Range Breakout IndicatorOVERVIEW NeuraEdge ORB is an open-source Opening Range Breakout indicator that automates the classic 15-minute ORB strategy. The indicator tracks the first 15 minutes of market action (9:30-9:45 AM ET), identifies breakouts above or below this range, and generates trading signals with automated stop loss and take profit calculations. The Opening Range Breakout concept is based on the observation that the initial price action after market open often establishes directional bias for the trading session, as institutional order flow and overnight gap reactions manifest during this window. CORE METHODOLOGY Opening Range Construction: The indicator uses session-based time detection to identify the 9:30-9:45 AM Eastern Time window. During this period, it tracks the highest high and lowest low to establish the opening range boundaries. The range is marked complete when the 15-minute window closes. Calculation process: OR High = Maximum high value during the 15-minute window OR Low = Minimum low value during the 15-minute window OR Midpoint = (OR High + OR Low) / 2 Range Size = OR High - OR Low (compared to 14-period ATR for context) Breakout Detection: The indicator identifies breakouts using close-price confirmation to reduce false signals from wicks: Bullish breakout: Close above OR High (with previous close at or below OR High) Bearish breakout: Close below OR Low (with previous close at or above OR Low) The indicator tracks whether each direction has already broken to prevent duplicate signals on the same range. Entry Type Logic: Two entry methodologies are supported: Breakout Mode - Signals immediately upon range break. Enters on the breakout bar when close confirms direction. Retest Mode - Waits for price to break the range, then pullback to touch the range level before entering. Cancels if price moves too far beyond midpoint. This provides better entry prices with tighter stop losses. Volume Confirmation: Optional volume filter compares current bar volume to 20-period simple moving average. Requires volume > 1.2x average to validate breakout strength and filter low-conviction moves. Fair Value Gap (FVG) Integration: Optional confluence filter that checks for unfilled FVG in the breakout direction: Bullish FVG detected when: current bar's low > two bars ago high (creating gap) Bearish FVG detected when: current bar's high < two bars ago low (creating gap) Minimum FVG size: 0.3x ATR to filter noise FVG considered filled when price retraces to gap midpoint Signals only generate when an unfilled FVG exists in the breakout direction, adding institutional order flow confluence. Risk Management Calculations: Three stop loss placement methods: Opposite Side - SL at opposite end of opening range (classic ORB approach) Midpoint - SL at range midpoint (tighter risk, lower reward potential) ATR Based - SL at 1.5x ATR from entry (adaptive to volatility) Take profit calculated as: Entry ± (Entry - Stop Loss) × Risk:Reward Ratio Default 1.5:1 R:R ratio, adjustable from 1.0 to 5.0. Performance Tracking: The indicator maintains a trade history using Pine Script's type system: Records entry price, stop loss, take profit, and direction for each signal Tracks outcome when price hits stop loss or take profit levels Auto-closes after 80 bars if neither level hit Calculates rolling win rate from last 50 trades maximum Displays W/L record in real-time dashboard VISUAL COMPONENTS Opening Range Box: Semi-transparent blue box drawn from range start bar to current bar + 20, showing the established range boundaries visually. Range Levels: Green line at OR High (potential long entry level) Red line at OR Low (potential short entry level) Gray dotted line at OR Midpoint (reference level) All lines extend 50 bars forward for anticipation. Trade Signals: Green up arrow with "LONG ORB Break" label below price Red down arrow with "SHORT ORB Break" label above price Dashed lines showing SL and TP levels extending 30 bars Small labels marking SL and TP endpoints Real-Time Dashboard: Top-right panel displaying: OR formation status (Forming / Complete / Waiting) Current OR High, Low, and Range size (with ATR multiple) Breakout status (Long / Short / None) Volume status (High / Normal) FVG presence (Bull / Bear / None) Entry settings (Breakout/Retest, R:R, SL type) Win rate percentage and W/L record PRACTICAL APPLICATION Ideal Market Conditions: Liquid instruments: SPY, QQQ, IWM, high-volume stocks Recommended timeframes: 1-minute or 5-minute charts for precise entries Most effective during trending days with clear directional bias Range size between 0.5-1.5x ATR typically provides best risk:reward Usage Workflow: Apply indicator at market open (9:30 AM ET) Observe range formation during first 15 minutes Wait for "Complete" status in dashboard Monitor for breakout signals with volume/FVG confirmation Enter on signal, place stop loss and take profit as marked Avoid taking opposing signals on same day (trend following approach) Retest vs Breakout Selection: Use Breakout mode on high-momentum days with strong overnight gaps Use Retest mode on slower days or when seeking better entry prices Retest mode reduces signal frequency but improves entry quality Time-of-Day Considerations: The indicator includes a trading cutoff setting (default 3:00 PM ET) to avoid late-day chop and reduced liquidity. First-hour breakouts (10:00-11:00 AM) historically show strongest follow-through. SETTINGS & CUSTOMIZATION Display Options: Toggle signals, opening range box, and dashboard independently Clean visual design to reduce chart clutter Opening Range Settings: Opening range duration (5-60 minutes in 5-minute increments) Default 15 minutes aligns with classic ORB methodology Trading cutoff hour (10-16, representing 10:00 AM - 4:00 PM ET) Entry Configuration: Entry type (Breakout / Retest) Volume confirmation toggle (requires 1.2x average volume) FVG confluence toggle (requires unfilled gap in breakout direction) Risk Management: Stop loss placement (Opposite Side / Midpoint / ATR Based) Risk:reward ratio (1.0 - 5.0, default 1.5) Future: Trail stop after partial TP (currently placeholder) Alert System: Five alert conditions available: Opening Range Complete ORB Long Signal ORB Short Signal Breakout Up (range broken, regardless of signal) Breakout Down (range broken, regardless of signal) BEST PRACTICES Recommended Usage: Focus on highly liquid instruments with tight spreads Use 1-5 minute charts for entry precision Respect calculated stop losses (range defines maximum risk) Typically 1-2 quality setups per day maximum Consider overall market trend (SPY/QQQ direction) Risk Considerations: Very small ranges (< 0.3x ATR) prone to false breakouts Very large ranges (> 2x ATR) may indicate gap day requiring adjusted expectations Low volume breakouts fail more frequently Avoid trading both directions on same day (pick strongest setup) IMPORTANT DISCLOSURES This indicator is provided free and open-source for educational purposes. The Opening Range Breakout strategy is a well-documented public domain trading concept. This implementation adds automation, visual clarity, and optional confluence filters. No indicator guarantees profitable trades. Past performance does not predict future results. Traders are responsible for their own trading decisions and risk management. Always use appropriate position sizing and never risk more than you can afford to lose.
Penunjuk Pine Script®
oleh Darkmatter513
Opening Range & Session Liquidity [LTS]“Opening Range & Session Liquidity ” is an intraday planning tool that combines a configurable Opening Range box with session highs/lows and previous-day reference levels. It is designed to help you visualize where liquidity is likely to build up around the cash open and major global sessions, without making any forecasts or performance promises. It is designed with our signature attention to user customization and accessibility. Opening Range & Bias The script builds a configurable Opening Range (OR) in New York time (default 08:00–08:15 on a 15-minute basis), regardless of your chart timeframe (up to 1-hour). The high, low, and midline of this window are drawn as a transparent box and dashed midline that extend forward so you can see how the session trades around that range. At a user-defined Bias Check Time (default 09:30–09:31 NY), the script classifies the OR as: Bullish if price is above the OR high Bearish if price is below the OR low Neutral if price is still trading inside the OR The box color updates to reflect the current bias if bias mode is enabled. All OR parameters (formation window, bias check, colors, maximum number of zones, etc.) are adjustable. Entry Signal Logic The indicator can optionally generate non-repainting visual signals when price interacts with the OR midline. 1. 9:30 Bias mode (trend-following) A directional bias is locked in at the bias check time. Signals trigger only when price trades through the OR midline inside the box, aligned with that bias: Bullish bias → long signal when price touches the midline from below and closes inside the range. Bearish bias → short signal when price touches the midline from above and closes inside the range. Each “episode” can fire only once; signals are confirmed on the bar where the conditions first become true. 2. Entry Direction mode (reaction to first touch) Instead of using a fixed 9:30 bias, the script detects from which side price first enters the OR (from above or from below). That “entry direction” stays active until price fully exits and closes outside the OR again. When price later touches the midline while the entry direction is defined, a single long or short signal is triggered based on the stored direction of entry. In both modes, historical signals are plotted without using future data; only the real-time bar can change state until it closes. Optional TP/SL Visualization When a long or short signal appears, the script can draw simple take-profit/stop-loss boxes to illustrate a basic one-trade idea: Stop-loss distance can be defined as: A fixed number of points beyond the OR high/low, or A percentage of ATR (configurable length and percent). Take-profit is automatically placed at a user-defined risk-to-reward multiple of that stop distance. The boxes extend forward bar by bar and stop updating once either TP or SL is touched, or when a new OR session resets the context. These boxes are for visualization only and do not place or manage orders. Session Liquidity & PDH/PDL To help you map where liquidity frequently builds up, the script tracks three configurable intraday sessions in New York time: Asian session (default 18:00–02:00) London session (default 03:00–08:00) New York session (default 09:30–16:00) For each completed session, the indicator records the session high and low, then: Draws solid horizontal lines and labels (e.g., “Asia Hi/Lo”, “London Hi/Lo”, “NY Hi/Lo”). Extends these solid lines to the right as long as they remain untouched by price. When price first trades through a level, the solid line is cut at that bar and replaced by a dashed line that extends only until the next session of the same type begins. Older sessions are automatically removed according to the “Max Sessions to Display” setting to reduce chart clutter. In addition, the indicator plots: Previous Day High (PDH) & Previous Day Low (PDL) Previous Day Point of Control (PDPoC) – an approximate volume-weighted price computed from intraday data using a simple binning approach on a user-chosen lower timeframe. Like the session levels, PDH/PDL/PDPoC start as solid lines. After the first touch, each level switches to a dashed style and continues only until the following trading day, at which point the previous day’s dashed lines are stopped and new levels are created. Info Table & Multi-Timeframe Logic An optional on-chart info table summarizes the most recent Opening Range: OR high, low, and midline Current OR range in points Active mode (9:30 Bias vs. Entry Direction) Current bias or entry-direction status Whether a signal is “Waiting”, “Armed”, or “Triggered” Whether the OR was built from the chart timeframe or from a 15-minute higher-timeframe feed If your chart timeframe is higher than the OR calculation timeframe, the script automatically uses multi-timeframe data to build a consistent OR, while enforcing a maximum chart timeframe of 1-hour for reliability. How to Use This Tool Use the OR box and bias to define your primary intraday context around the cash open. Use session highs/lows and PDH/PDL/PDPoC as objective reference levels for where price may react or where stops and liquidity might cluster. Treat the signal markers and TP/SL boxes as visual guides only. They can help you structure trade ideas, but they are not a trading system by themselves. Always confirm levels and signals with your own analysis, risk management, and execution rules. Limitations & Notes The script is intended for intraday charts up to 1-hour. By the nature of the information being displayed, any time frame above that may result is undesirable visual clutter. The POC calculation is an approximation based on lower timeframe bar-level volume and binning; it is not a tick-by-tick volume profile. Signals and levels update in real time on the current forming bar. Once a bar closes, completed historical signals do not repaint, but the last live bar can change until it closes. The indicator does not use lookahead or offset plotting into the past; it is not designed to predict the future or guarantee any particular trading result. Always test settings on a demo environment first and manage risk according to your own plan.
Penunjuk Pine Script®
oleh LHAMA-Trading
MTFX Asia SessionThis free tool automatically maps the Asia session range in real time, drawing the box, midline, and extended high/low levels. If price sweeps the Asia high/low and then returns back inside the range, the midline often serves as the first target, with the opposite boundary as the secondary target. If the range is broken and price holds outside, the session lines will provide clear levels for retest and continuation of a break of the range. These dynamics make the Asia range perfect for spotting liquidity sweeps, containment, and breakout opportunities. Default timezone is EST (America/New_York), with session hours set to 17:00–03:00 EST. Customise inputs to fit your definition of Asia hours. The session box appears once the Asia session ends, locking in the range. Extended lines help track how London/New York trades against Asia’s containment. Alerts are included for price touching Asia high/low. Source code is protected to preserve the framework, but the indicator is fully functional and customisable. This is my first post here on TradingView, and I’m excited to share tools I’ve built and use myself. My hope is to continue publishing frameworks and insights in the future, so follow along if you’d like to see how these ideas evolve. I hope these tools help you trade with more clarity and discipline — and I welcome your feedback as I continue to refine them. Mummytrades_FX
Penunjuk Pine Script®
oleh Mummytrades_FX
SJ Fx Session RangeSJ Fx Session Range Indicator A Professional Forex Session Tracking Tool with Opening Range Analysis Overview The SJ Fx Session Range indicator is a comprehensive tool designed to help forex traders visualize major trading sessions (Asia, Europe+London, and New York) along with their first 15-minute opening ranges. Built with Pine Script v5, this indicator provides clear session boundaries, high/low ranges, and customizable opening range analysis to enhance your trading decisions. Key Features 1. Trading Session Boxes - Three major forex sessions: Asia, Europe+London, and New York - Color-coded session boxes with transparent backgrounds for easy visualization - Automatic session high/low tracking - Session labels displayed inside boxes for quick identification - Displays up to 50 historical sessions for pattern analysis 2. Opening Range Analysis - Tracks first 15-minute opening range for Europe, London, and NY sessions - Plots high, low, and mid-range levels - Customizable line colors for each session's opening range - Background highlights during the first 15 minutes of each session - Helps identify potential breakout or reversal zones 3. Daylight Saving Time Support - Built-in DST toggle for easy seasonal adjustment - Automatically adjusts all session timings by 1 hour when enabled - Clear tooltip instructions for when to enable/disable DST - Default timings configured for IST timezone (Asia/Kolkata) 4. User-Friendly Design - Clean input interface organized by session categories - Fixed optimal settings for boxes and lines (50-day history) - All session times are easily customizable with helpful tooltips - Warning tooltips to prevent accidental timing changes Default Session Times (when DST is disabled) - Asia Session: 04:00 - 12:30 IST - Europe + London Session: 12:30 - 20:00 IST - New York Session: 20:00 - 02:30 IST How to Use 1. Add to Chart: Apply the indicator to any forex pair chart 2. Adjust DST: Enable the "Start Daylight Saving Time Change" checkbox on the second Sunday in March; disable on the first Sunday in November 3. Customize Sessions: Toggle individual sessions on/off based on your trading preference 4. Opening Range Colors: Customize the opening range line colors for better visibility 5. Session Times: Default times are optimized for IST; modify only if trading from a different timezone Technical Specifications - Version: Pine Script v5 - Overlay: Yes (draws directly on price chart) - Maximum Objects: 500 boxes, 500 lines - History: 50 days of session data - Timezone: Asia/Kolkata (IST) - customizable in code Use Cases - Identify high-liquidity trading periods - Track session volatility patterns - Monitor opening range breakouts/breakdowns - Analyze session-specific price action - Plan entries around major session opens - Avoid trading during low-liquidity periods Performance Optimized for efficient rendering with: - Fixed 50-day history limit for optimal performance - Automatic cleanup of old session boxes and lines - Lightweight code structure for fast chart loading Customization Options Available Inputs: - Enable/disable individual sessions - Adjust session timings (with safety tooltips) - Toggle DST on/off - Show/hide opening range analysis - Customize opening range line colors for each session Fixed for Optimal Performance: - Session box colors (Asia: Aqua, Europe: Green, NY: Red) - 50-day historical display - Line width and style - Mid-range line always displayed Educational Value This indicator helps traders: - Understand forex market structure and session overlaps - Recognize high-probability trading times - Develop session-based trading strategies - Improve timing of trade entries and exits Open Source License This script is published under Mozilla Public License 2.0, allowing you to: - Use freely for personal trading - Modify and adapt to your needs - Learn from the code structure - Share improvements with the community Credits Developed by Shantanu Joshi - Designed for forex traders focusing on session-based strategies - Built with clean, well-documented Pine Script v5 code - Regular updates and improvements based on user feedback Support & Feedback If you find this indicator useful: - Give it a thumbs up - Share your trading results in the comments - Suggest improvements or new features - Report any issues for quick resolution Disclaimer This indicator is for educational and informational purposes only. It does not constitute financial advice. Always conduct your own research and risk management before making trading decisions. Past performance does not guarantee future results. Compatible with: CFDs of forex pairs, commodities, indices, and crypto. Best used on: 5-minutes Recommended chart type: Candlestick charts
Penunjuk Pine Script®
oleh joshishantanu
1
ATR Anchored Range %b by TradeSeekersAll time highs got you spooked to enter with no levels in sight? Stuck in a multi-week range and wondering where the heck the pivots are!? Wondering if you're longing the top or shorting the potential bottom and about to get smoked, sending you back to burger flipping?! Fret not trading friends! I've been crafting the ultimate map for scalpers, slingers, swingers, swindlers, swashbucklers -and traders too. Why should I care about this, what's an ATR!? Nearly any trader that's entered the markets has heard of ATR, perhaps even taken a stab at trying to calculate the flux capacity of a weekly ATR on a lower timeframe. Continually calculating things manually sucks! Ok, so you haven't heard of ATR? It's the average true range... what's the true range!? It's simply the low subtracted from the high (high - low) of any given candle. How is ATR useful? The theory is simple, if the ATRs on the daily timeframe for a stock are 5, then traders may have a reasonable expectation that any day in the near future the stock will mostly move +/- 5 pts. This +/- 5 can be used as a possible daily high and low for traders to use. But ATR changes as time passes, with every billionaire X post, viral cat meme, fed announcement or government shutdown the market makes it's move. This means without this tool, traders need to run the standard lame (sorry) ATR indicator and then hand draw a bunch of important levels (barf). I'm convinced and ready to join the ATR army, what do I do? Glad to have you aboard sailor, slap this indicator on your layout - it'll initially display a bottom panel, say nice things to it. Usage The lower panel provides a %b plot representative of the current price relative to the timeframe and period ATR. (Defaults to 1D timeframe and 20 - 20 trading days in a month yo) This %b plot is a map for price against the key ATR based levels and resets each time the timeframe change occurs. Keep reading! (maybe grab a snack, you're doing great) If you want to see what the indicator sees, how it maths the math, open the settings and check the "overlay" option... it's amazing, I know. Main base of operations This will be the gray area between first red and green lines, imagine this is a future candle for the timeframe anchored. The red would represent the candle high (red means stop/overbought), and the green would represent the candle low (green means go/oversold). Regardless of the timeframe anchored, this area always represents the area the ATR indicates will be the building area of the current candle being formed. Traders should expect most of the trading to occur within this area. The mid line Don't diddle in the middle, this by default is the open price and it's the ultimate bias filter for bull or bear riders. Extension areas Beyond the gray area is the extension zone, this provides a whole ATR from the mid line to the extension. Assembling a trade plan There are just a couple of key concepts to master in order to become the ultimate ATR samurai warrior, capable of slicing through even the messiest liquidity. Above the midline and holding, but still within the gray area? Could be a great long entry with targets to upper levels. The same holds true for below open and holding while still being within the lower gray area. As price makes it's ascension or decline towards the ends of the initial gray ATR range, consider managing trades here. If it's suspected, due to a strong hold of the midline, that the range low or high is the midline, then continue to manage trades towards the extension zones. Timeframes and periods oh my The tooltips already provide some hints, but not everyone goes around clicking and hovering everything in sight (maybe I'm the only one that does that?). There's a thoughtful approach to the default values, I like to consider the big market participants with my day trades, swings trades and beyond. By default I've chosen the daily timeframe and a period of 20, one for each trading day of the calendar month. It's no large leap to consider alternatives, what about 1W timeframe and a period of 4 (1 month) or 52 (1 year)? The possibilities are nearly infinite, comment on any particular favorite combos. An Italian Special Bonus!!! ...sorry, it's not pizza.... First, did you know the famous Italian Fibonacci's real name was actually Leonardo? I'm not sure how I feel about that. Fun fact, my ancestors are Italian. Alright, you may have guessed that the special bonus is the mythical Fibonacci inspired "Golden Pocket", maybe it's a foreshadowing of your pockets - one can only hope. Use this feature to show the commonly referenced Fibonacci levels within each major ATR range. I've seen some totally mathematical epic-ness with these hence the addition. Once key ATR levels have been hit look for reversals back to golden pockets (you tricksy hobbits) for potential entry back towards the prior hit ATR level. The %b turns gold if you have the feature enabled and of course the overlay displays them also, how fun! Final thoughts I hope you have as much fun using this indicator as I do, it has brought much joy to my trading experience. If you don't have fun with it, well I hope you had fun reading about it at least. 100% human crafted and darn proud of it - SyntaxGeek
Penunjuk Pine Script®
oleh TradeSeekers
9
Key levels + Session Range (Sweep-Aware Levels)Overview This indicator provides a single, clean view of two core intraday contexts that day traders rely on: Daily Liquidity Levels: prior day high/low (PDH/PDL), prior day open/close, weekly highs/lows, and other commonly referenced reference points. Session Ranges: clearly plotted high/low for each active session (e.g., Asia, London, New York), tracked live as the session evolves. By unifying these two information layers, traders can immediately see when price is sweeping a session’s extremes into known daily liquidity—a frequent precursor to reversals or continuation moves. This saves chart space, reduces cognitive overload, and turns two separate checks into one coherent read. What it does Plots daily liquidity references: previous day high/low, previous day open/close, and optional higher-timeframe levels (open, high, mid and low 4H ,Day, Week, month, year and quarterly). Tracks session high/low live: as each session unfolds, the indicator updates that session’s running High and Low, then locks them at session end. Maps interaction between the two layers: you can instantly spot session sweeps that tag PDH/PDL (or weekly extremes), highlight potential liquidity grabs, and frame risk with objective boundaries. Keeps the chart clean: just essential lines/zones and concise labels—no extra clutter. Why it’s useful & original Single-purpose integration: Rather than a generic mashup, this is a purpose-built fusion where session dynamics are read in the context of daily liquidity. That relationship is the core edge—seeing when a session sweep aligns with known liquidity pools. Workflow efficiency: One overlay replaces two indicators, simplifying visibility and reducing conflicting visuals. Decision clarity: The combination highlights setups many intraday traders already watch manually (e.g., NY session high sweep into PDH), but makes them obvious in real time. How it works (plain-English logic) Daily Liquidity Engine At the start of each day, the indicator records PDH, PDL, prior open/close and (optionally) prior week high/low. These levels are plotted and extended across the session as static references. Session Range Tracker For each defined session (e.g., Asia/London/New York), the script initializes session High/Low at session open. Throughout the session, it updates those extremes in real time and locks them on session close. Interaction Layer When price reaches or sweeps a session High/Low near a daily level (e.g., within your chosen tolerance), the confluence becomes visually obvious. Traders can then decide whether it’s a likely liquidity grab (fade/reversal idea) or a continuation through the pool (breakout idea), per their plan. How to use it Identify session context: Start by noting where price is trading relative to the current session’s High/Low. Locate nearby daily liquidity: Check distance to PDH/PDL, prior open/close, and weekly extremes. Look for confluence: Sweep-and-fade idea: Session High swept into PDH (or Session Low into PDL) with failure to hold → potential reversal context. Break-and-go idea: Strong close through PDH/PDL following a session extreme break → potential continuation context. Risk framing: Session High/Low and PDH/PDL provide objective anchors for stops and targets. Adapt to your own risk model (e.g., use ATR or structure-based stops). Keep it clean: Use this as your primary overlay to avoid clutter; add confirmations (volume, structure) only if they genuinely help your process. Settings (typical options) Sessions: Choose which sessions to display (e.g., Asia/London/NY) and their time zones/hours. Daily Levels: Toggle PDH/PDL, prior open/close, prior week High/Low, and other references you rely on. Visuals: Colors, line styles, label visibility, and optional band shading for quick recognition. Confluence Tolerance (optional): Define how near a session extreme must be to a daily level to consider it a “liquidity touch/sweep” in your visuals. Alerts (optional): First touch/sweep of session High/Low, break/close beyond PDH/PDL, or custom distance conditions. Chart & Publishing Notes (for reviewers and users) Clean chart by design: Only essential lines/labels for session extremes and daily references. Plain-English description: Explains what, why, and how so non-coders can use it confidently. Original integration: The value here is the purposeful interaction—seeing session sweeps in context of daily liquidity in one place—rather than a cosmetic mashup. Limitations & good practice This tool is contextual, not predictive. It highlights structure and liquidity landmarks; trade decisions are yours. Session definitions vary by asset/exchange; ensure your session times match your market. Past behavior at these levels does not guarantee future outcomes; always use proper risk management. Disclaimer This indicator is for educational and informational purposes only and is not financial advice. Trading involves risk; always test and evaluate with your own methods and risk parameters.
Penunjuk Pine Script®
oleh EHtrades1
Candle Range in Ticks / PipsThis indicator displays the size (range) of each candle in ticks, pips, or points. Labels are drawn above or below each candle with full customization, so you can quickly spot volatility shifts and unusual ranges. Features: - Show candle ranges for the last days (configurable) - Custom point-to-tick/pip ratio for different markets (Forex, Futures, Indices, Crypto) - Choose label size, color, and placement (above or below candles) - Control how dense labels are with an “every Nth candle” option - Built-in safeguard with a max label limit to keep charts smooth Use cases: - Quickly measure and compare candle ranges across sessions or days - Spot unusually large or small candles relative to recent activity - Analyze volatility in ticks/pips without switching to a separate tool
Penunjuk Pine Script®
oleh juan_maciaz910