Prev Day High/Low - RTH OnlyThis indicator displays the previous day’s Regular Trading Hours (RTH) high and low levels on your chart, but only during the next day’s RTH session — keeping your charts clean while highlighting the most relevant price zones.
🔧 Features:
RTH Timing: 09:30 to 16:00 (New York time)
Auto-Detection: Automatically tracks the high and low of each RTH session
Next-Day Visibility: Lines are only shown during the following day’s RTH session
Minimal Chart Clutter: Levels disappear after the session ends, keeping focus on what's relevant
Clear Labels: Optional “Prev High” and “Prev Low” markers at market open
📊 Use Case:
Perfect for intraday and 0DTE options traders who rely on prior session key levels for:
Breakout trades
Reversal setups
Support/resistance confluence
These levels are often respected by institutions and algo flows, making them highly actionable when approached in the next RTH session.
🧠 Why This Matters:
Many traders overpopulate their charts with persistent support/resistance lines. This script keeps only what’s essential — the previous day’s RTH range — and only when it matters most: the following day’s active market hours.
Cari dalam skrip untuk "session"
0830-0845 High/Low Marker (Accurate Start + History)This indicator marks the high and low of the 15-minute candle between 08:30 and 08:45 (local time) of the trading session. The high and low are tracked dynamically, with the lines drawn once the 08:45 candle closes.
Key Features:
Session-based Tracking: Automatically tracks and records the high and low of the 15-minute period starting at 08:30 and ending at 08:45.
Excludes 08:45 High : If a high is created exactly at 08:45, the indicator will ignore it and use the highest value before 08:45, ensuring it only references the price action during the specified window.
Line Extension : The high and low lines are drawn and extended to the right for a user-defined number of bars, making them visible beyond the session's close.
Customizable Parameters : Adjust the start and end times of the session, line colors, and line width to fit your preferences.
Use Case :
Ideal for traders who focus on the price action during the early part of the trading session (08:30 to 08:45) and want to track significant levels of support and resistance from that period.
The extended lines help identify potential price zones for the rest of the session or the trading day.
Volume Intelligence Suite (VIS) v2📊 Volume Intelligence Suite – Smart Volume, Smart Trading
The Volume Intelligence Suite is a powerful, all-in-one TradingView indicator designed to give traders deeper insight into market activity by visualizing volume behavior with price action context. Whether you're a scalper, day trader, or swing trader, this tool helps uncover hidden momentum, institutional activity, and potential reversals with precision.
🔍 Key Features:
Dynamic Volume Zones – Highlights high and low volume areas to spot accumulation/distribution ranges.
Volume Spikes Detector – Automatically marks abnormal volume bars signaling potential breakout or trap setups.
Smart Delta Highlighting – Compares bullish vs bearish volume in real time to reveal buyer/seller strength shifts.
Session-Based Volume Profiling – Breaks volume into key trading sessions (e.g., London, New York) for clearer context.
Volume Heatmap Overlay – Optional heatmap to show intensity and velocity of volume flow per candle.
Custom Alerts – Built-in alerts for volume surges, divergences, and exhaustion signals.
Optimized for Kill Zone Analysis – Pairs perfectly with ICT-style session strategies and Waqar Asim’s trading methods.
🧠 Why Use Volume Intelligence?
Most traders overlook the story behind each candle. Volume Intelligence Suite helps you "see the why behind the move" — exposing key areas of interest where smart money may be active. Instead of reacting late, this tool puts you in position to anticipate.
Use it to:
Validate breakouts
Detect fakeouts and liquidity grabs
Confirm bias during kill zones
Analyze volume divergence with price swings
⚙️ Fully Customizable:
From volume thresholds to visual styles and session timings, everything is user-adjustable to fit your market, timeframe, and strategy.
✅ Best For:
ICT/Smart Money Concepts (SMC) traders
Breakout & reversal traders
Kill zone session scalpers
Institutional footprint followers
HL2 Moving Average with BandsThis indicator is designed to assist traders in identifying potential trade entries and exits for S&P 500 (ES) and Nasdaq-100 (NQ) futures. It calculates a Simple Moving Average (SMA) based on the HL2 value (average of high and low prices) of the current candle over a user-defined lookback period (default: 200 periods). The indicator plots this SMA as a blue line, providing a smoothed reference for price trends.
Additionally, it includes upper and lower bands calculated as a percentage (default: 0.5%) above and below the SMA, plotted as green and red lines, respectively. These bands act as dynamic thresholds to identify overbought or oversold conditions. The indicator generates trade signals based on price action relative to these bands:
Long Entry: A green upward triangle is plotted below the candle when the close crosses above the upper band, signaling a potential buy.
Close Long: A red square is plotted above the candle when the close crosses back below the upper band, indicating an exit for the long position.
Short Entry: A red downward triangle is plotted above the candle when the close crosses below the lower band, signaling a potential sell.
Close Short: A green square is plotted below the candle when the close crosses back above the lower band, indicating an exit for the short position.
The script is customizable, allowing users to adjust the SMA length and band percentage to suit their trading style or market conditions. It is plotted as an overlay on the price chart for easy integration with other technical analysis tools.
Recommended Time Frame and Settings for Trading S&P 500 and Nasdaq-100 Futures
Based on research and market dynamics for S&P 500 (ES) and Nasdaq-100 (NQ) futures, the 5-minute chart is recommended as the optimal time frame for day trading with this indicator. This time frame strikes a balance between capturing intraday trends and filtering out excessive noise, which is critical for futures trading due to their high volatility and leverage. The 5-minute chart aligns well with periods of high liquidity and volatility, such as the U.S. market open (9:30 AM–11:00 AM EST) and the afternoon session (2:00 PM–4:00 PM EST), when institutional traders are most active.
Why 5-minute? It allows traders to react to short-term price movements while avoiding the rapid fluctuations of 1-minute charts, which can be prone to false signals in choppy markets. It also provides enough data points to make the SMA and bands meaningful without the lag associated with longer time frames like 15-minute or hourly charts.
Recommended Settings
SMA Length: Set to 200 periods. This longer lookback period smooths the HL2 data, reducing noise and providing a reliable trend reference for the 5-minute chart. A 200-period SMA helps identify significant trend shifts without being overly sensitive to minor price fluctuations.
Band Percentage: 0.5% is more suitable for the volatility of ES and NQ futures on a 5-minute chart, as it generates fewer but higher-probability signals. Wider bands (e.g., 1%) may miss short-term opportunities, while narrower bands (e.g., 0.1%) may produce excessive false signals.
Trading Session Recommendations
Futures markets for ES and NQ are open nearly 24 hours (Sunday 6:00 PM EST to Friday 5:00 PM EST, with a daily break from 4:00 PM–5:00 PM EST), but not all hours are equally optimal due to varying liquidity and volatility. The best times to trade with this indicator are:
U.S. Market Open (9:30 AM–11:00 AM EST): This period is characterized by high volume and volatility, driven by the opening of U.S. equity markets and economic data releases (e.g., 8:30 AM EST reports like CPI or GDP). The indicator’s signals are more reliable during this window due to strong order flow and price momentum.
Afternoon Session (2:00 PM–4:00 PM EST): After the lunchtime lull, volume picks up as institutional traders return, and news or FOMC announcements often drive price action. The indicator can capture breakout moves as prices test the upper or lower bands.
Pre-Market (7:30 AM–9:30 AM EST): For traders comfortable with lower liquidity, this period can offer opportunities, especially around 8:30 AM EST economic releases. However, use tighter risk management due to wider spreads and potential volatility spikes.
Additional Tips
Avoid Low-Volume Periods: Steer clear of trading during low-liquidity hours, such as the overnight session (11:00 PM–3:00 AM EST), when spreads widen and price movements can be erratic, leading to false signals from the indicator.
Combine with Other Tools: Enhance the indicator’s effectiveness by pairing it with support/resistance levels, Fibonacci retracements, or volume analysis to confirm signals. For example, a long entry signal above the upper band is stronger if it coincides with a breakout above a key resistance level.
Risk Management: Given the leverage in futures (e.g., Micro E-mini contracts require ~$1,200 margin for ES), use tight stop-losses (e.g., below the lower band for longs or above the upper band for shorts) to manage risk. Aim for a risk-reward ratio of at least 1:2.
Test Settings: Backtest the indicator on a demo account to optimize the SMA length and band percentage for your specific trading style and risk tolerance. Micro E-mini contracts (MES for S&P 500, MNQ for Nasdaq-100) are ideal for testing due to their lower capital requirements.
Why These Settings and Time Frame?
The 5-minute chart with a 200-period SMA and 0.5% bands is tailored for the volatility and liquidity of ES and NQ futures during peak trading hours. The longer SMA period ensures the indicator captures meaningful trends, while the 0.5% bands are tight enough to signal actionable breakouts but wide enough to avoid excessive whipsaws. Trading during high-volume sessions maximizes the likelihood of valid signals, as institutional participation drives clearer price action.
By focusing on these settings and time frames, traders can leverage the indicator to capitalize on the dynamic price movements of S&P 500 and Nasdaq-100 futures while managing the inherent risks of these markets.
cd_full_poi_CxOverview
This indicator tracks the price in 16 different time frames (optional) in order to answer the question of where the current price has reacted or will react.
It appears on the chart and in the report table when the price approaches or touches the fvg or mitigations (order block / supply-demand), the rules of which will be explained below.
In summary, it follows the fvg and mitigations in the higher timeframe than the lower timeframe.
Many traders see fvg or mitigates as an point of interest and see the high, low swept in those zones as a trading opportunity. Key levels, Session high/lows and Equal high and lows also point of interest.
If we summarise the description of the point of interest ;
1- Fair value gaps (FVG) (16 time frames)
2- Mitigation zones (16 time frames)
3- Previous week, day, H4, H1 high and low levels
4- Sessions zones (Asia, London and New York)
5- Equal high and low levels are in indicator display.
Details:
1- Fair Value Gaps : It is simply described as a price gap and consists of a series of 3 candles. The reaction of the price to the gap between the 1st and 3rd candle wicks is observed.
The indicator offers 3 options for marking. These are :
1-1- ‘Colours are unimportant’: candle colours are not considered for marking. Fvg formation is sufficient.(Classical)
1-2- ‘First candle opposite colour’ : when a price gap occurs, the first candle of a series of 3 candles must be opposite.
For bullish fvg : bearish - bullish - free
For Bearish fvg : bullish - bearish - free
1-3- ‘All same colour’ : all candles in a series of 3 candles must be the same direction.
For bullish fvg: bullish - bullish - bullish
For bearish fvg : bearish - bearish – bearish
Examples:
2- Mitigation zones: Opposite candles with a fvg in front of them or candles higher/lower than the previous and next candle and with the same colour as the fvg series are marked.
Examples :
3- Previous week, day, H4, H1 high and low levels
4- Sessions regions (Asia, London and New York)
5- Equal high and low levels:
Annotation: Many traders want to see a liquidity grab on the poi, then try to enter the trade with the appropriate method.
Among the indicators, there is also the indication of grabs/swepts that occur at swing points. It is also indicated when the area previously marked as equal high/low is violated (grab).
At the end, sample setups will be shown to give an idea about the use of the indicator.
Settings:
- The options to be displayed from the menu are selected by ticking.
- 1m, 2m, 3m, 5m, 5m, 10m, 15m, 30m, h1, h4, h4, h6, h8, h12, daily, weekly, monthly and quarterly, 16 time zones in total can be displayed.
- The ‘Collapse when the price touches mitigate’ tab controls whether to collapse the box as the price moves into the inner region of the mitigate. If not selected, the size of the mitigate does not change.
- ‘Approach limit =(ATR / n)’ tab controls how close the price is to the fvg or mitigate. Instant ATR(10) value is calculated by dividing by the entered ‘n’ value.
- All boxes and lines are automatically removed from the screen when the beyond is closed.
- Colour selections, table, text features are controlled from the menu.
- Sessions hours are set as standard hours, the user can select special time zones. Timezone is set to GMT-4.
- On the candle when the price touches fvg or mitigate, the timeframe information of the POI is shown in the report table together with the graphical representation.
The benefits and differences :
1- We can evaluate the factors we use for setup together.
2- We are aware of what awaits us in the high time frame in the following candles.
3- It offers the user the opportunity to be selective with different candle selection options in fvg selection.
4- Mitige areas are actually unmitige areas because they have a price gap in front of them. The market likes to retest these areas.
5- Equal high/low zones are the levels that the price creates to accumulate liquidity or fails to go beyond (especially during high volume hours). Failure or crossing of the level may give a reversal or continuation prediction.
Sample setup 1:
Sample setup 2:
Sample setup 3:
Cheerful trades…
Enjoy…
Rotational Factor CalculationThe Rotational Factor is a simple, objective means for evaluating day timeframe attempted direction based on the market's half hour auction rotations. At any point in time during the day, the running tally can help keep general awareness for whether buyers or sellers are in control, and if a transition is taking place. It is also helpful to use as one of a handful of variables that categorize the session's Directional Performance to assist in possible direction for the next session. This method is from Dalton's Mind Over Market's book and in part helps answer the question, which way is the market trying to go? This can then be applied to the second question, is the market doing a good job in it's attempted direction? Staying aware of these two questions keeps current sentiment and expectations in check.
Calculation method
Each 30min RTH candle gets a score:
if the high is higher than the previous candle's high: +1
if the high is lower than the previous candle's high: -1
if the low is higher than the previous candle's low: +1
if the low is lower than the previous candle's low: -1
if the high (or low) of a candle is equal to the high (or low) of the previous candle: 0
The running tally intraday text is displayed in blue. Once the session closes the text is displayed in orange and remains listed over the final candle of the day for 30 days. The RTH candles are calculated until the end of the RTH session (3pm EST) even though the session's full tally is displayed over the final candle at 3:30pm EST.
Time-based Alerts for Trading Windows🌟 Time-based Alerts for Trading Windows 🌐📈
This is a re-uploaded script as the previous one got hidden.
This Time-based Alerts for Trading Windows script is a highly customizable and reliable tool designed to assist traders in managing automated strategies or manually monitoring specific market conditions. Inspired by CrossTrade's Time-based Alert, this script is tailored for those who rely on precise time windows to trigger actions, such as sending webhook signals or managing Expert Advisors (EAs).
Whether you are a scalper, day trader, or algorithmic trader, this script empowers you to stay on top of your trades with fully customizable time-based alerts.
🛠️ Customizable Time Alerts
This indicator allows you to create up to 12 unique time windows by specifying the exact hour and minute for each alert. Each time window corresponds to an individual alert condition, making it perfect for managing trades during specific market sessions or key time periods.
For example:
Alert 1 can be set at 9:30 AM (market open).
Alert 2 can be set at 3:55 PM (just before market close).
Each alert can be toggled on or off in the indicator settings, allowing you to manage alerts without having to reconfigure your script.
You can adjust the colours to fit any colour scheme you like!
🕒 Odd and Even Time Alerts
The script comes with three built-in alert type categories:
Odd Alerts (marked with a green triangle on the chart): These correspond to odd-numbered inputs like Alert 1, Alert 3, Alert 5, and so on.
Even Alerts (marked with a red triangle on the chart): These correspond to even-numbered inputs like Alert 2, Alert 4, Alert 6, and so on.
You can also customize all 12 alerts individually to include a custom alert message
These alerts serve as a convenient way to differentiate between multiple trading strategies or market conditions. You can customize alert messages for odd and even alerts directly from TradingView’s alert panel.
🔗 Webhook Integration for Automation
This script is fully compatible with webhook-based automation. By configuring your alerts in TradingView, you can send signals to trading bots, EAs, or any third-party system. For example, you can:
Turn off an EA at a specific time (e.g., 3:55 PM EST).
Send buy/sell signals to your bot during predefined trading windows.
Simply use TradingView’s alert message editor to format webhook payloads for your automation system.
🌐 Timezone Flexibility
Trading happens across multiple time zones, and this script accounts for that. You can toggle between:
Eastern Time (New York): Ideal for most US-based markets.
Central Time (Exchange): Useful for futures and commodities traders.
This ensures your alerts are always in sync with your preferred time zone, eliminating confusion.
🎨 Visual Indicators
The script plots visual markers directly on your chart to indicate active alerts:
Up Facing Triangles: Represent odd-numbered alerts, providing a quick reference for these time windows.
Down Facing Triangles: Represent even-numbered alerts, helping you track different strategies or conditions.
These visual markers make it easy to see when alerts are triggered, even at a glance.
📈 Practical Use Case
Let’s say you’re trading the USTEC index on a 1-minute chart. You want to:
Turn off your trading bot at 16:55 EST to avoid after-market volatility.
Trigger a re-entry signal at 17:30 EST to capture moves during the Asian session.
Visually monitor these actions on your chart for easy reference.
This script makes it possible with precision alerts and webhook integration. Simply configure the time windows in the settings and set up your alerts in TradingView.
🚨 How to Set Up Alerts
Enable or Disable Alerts: Use the script’s settings to toggle specific alerts on or off as needed.
Set Custom Time Windows: Define the hour and minute for each alert in the settings panel.
Create Alerts in TradingView:
Go to the TradingView alert panel.
Select the condition (e.g., "Odd Time-based Alert (Green)" or "Even Time-based Alert (Red)").
Customize the alert message for webhook integration or personal notification.
Choose the trigger type: Once Per Bar or Once Per Bar Close to keep the alert active.
Integrate with Webhooks: Use the alert message field to format payloads for automation systems like MT4, MT5, or third-party bots.
📋 Key Notes
Alerts can trigger indefinitely if set to "Once Per Bar" or "Once Per Bar Close".
Always ensure the expiration date is set far in the future to avoid unexpected alert deactivation.
Test webhook messages and alert configurations thoroughly before using them in live trading.
This script is a powerful addition to your trading toolbox, offering precision, flexibility, and automation capabilities. Whether you’re turning off an EA, managing trades during market sessions, or automating strategies via webhooks, this script is here to support you.
Start using the Time-based Alerts for Trading Windows today and trade with confidence! 🚀✨
TPO IQ [TradingIQ]Hello Traders!
Introducing "TPO IQ"!
TPO IQ offers a Time Price Opportunity profile with several customization options that packs several related features to help traders navigate the generated profiles!
Features
TPO Profiles
Single Print identification
Initial Balance Identification
Can be anchored to timeframe change
Can be anchored to fixed time interval
Last profile detailed visuals
Customizable value area percentage
POC identification
Mid-point identification
TPO Profiles
A TPO profile is a market profile visualization that details how much time was spent at each price level throughout the time interval.
The image above further explains what a TPO Profile is!
Each letter corresponds to a candlestick. With this information, traders are able to visualize how much time was spent at each price area.
With customizable gradient colors, specifically in this example, blocks colored red are the earliest times in the profile, blocks colored green are in the beginning half of the time midpoint of the profile. Blue blocks represent the first half of the end of the time period, and purple blocks correspond to the end of the time period.
Please note that this form of TPO profile generation will only occur when the most recent profile uses less than 500 alphabet characters! If more than 500 characters are preset, TPO IQ will revert to using labels!
Initial Balance
TPO IQ also identifies the initial balance range and all alphabet characters that form within it!
The image above exemplifies this feature. The initial balance range is denoted by a a neon-blue line, with a blue circle showing the opening price. All characters within the initial balance range are highlighted blue, which is a feature that can be disabled with customizable colors.
POC
TPO IQ also identifies the point of control (POC) of the TPO Profile.
The point of control for the profile is labeled yellow by default, and shows where price spent the most time throughout the time period.
The image above shows the POC for the time period being identified by TPO IQ.
Value Area
TPO IQ also identifies the value area of the profile. A customizable percentage that is 70% by default, the value area of a TPO profile shows where price traded the majority of the time.
The image above further explains this feature. For this example, with the value area percentage being set to 70%, the value area high and value area low show the price zone that prices traded at 70% of the time throughout the profile.
TPO Midpoint
In addition to the POC, the TPO profile midpoint is also identified by TPO IQ.
The TPO midpoint simply corresponds to the middle price between the session's high and low!
Fixed Interval Mode
By default, TPO IQ recalculates every day, but this can also be changed to a customizable session time, such as 4 hours. If 4 hours is selected, then a new TPO profile will be generated every 4 hours.
However, in Fixed Interval mode, a TPO profile will be generated through a user-defined time range, such as 1300-1700.
In the image above, Fixed Interval mode is applied with a time range of 1300-1700 and, consequently, TPO IQ generates a new profile throughout every 1300-1700 time range!
This feature allows traders to specify time ranges of interest to generate TPO profiles for!
TPO Overview Label
The TPO overview label shows key statistics for the TPO profile generated throughout the trading session!
The "TPO Count" statistic shows how many alphabetical letters were generated for the profile, which is an adequate method to determine the session's volatility and price range.
The "Tick Levels" statistic shows how many tick levels were used to create the profile - another method to determine the volatility and price range of the session.
The "Top Letter" statistic shows which letter appears most throughout the profile. In this example, the top letter was "f", which means throughout creation of the profile, the letter "f" appeared the most!
And that's all for now!
If you have any feedback or new feature ideas for TPO IQ please feel free to share them with us!
Thank you traders!
Pre-Market High & LowIndicator: Pre-Market High & Low
This indicator tracks the high and low price levels of a stock during the pre-market session (4:00 AM - 9:30 AM EST), before the official market open. It dynamically updates during pre-market hours, identifying the highest and lowest prices reached. Once the pre-market session ends, these levels are saved and plotted on the chart as reference points for the regular market session.
Key Features:
Dynamic Updates: Continuously tracks the high and low during pre-market hours.
Visual Indicators: Plots horizontal lines representing the pre-market high (green) and low (red).
Post-Market Reference: Once pre-market ends, these levels remain visible for the regular market session as reference points for potential breakout or breakdown levels.
How to Use:
Use this indicator to identify potential breakout or breakdown levels that may happen at the market open.
The green line represents the highest price reached during pre-market, while the red line indicates the lowest price.
The indicator will stop updating once the pre-market session closes (9:30 AM EST) and will remain visible as reference levels throughout the trading day.
Ideal for:
Day traders looking for pre-market support and resistance levels.
Traders analyzing the initial market reaction based on pre-market price action.
Hourly Market Movement Pattern Indicator# Hourly Market Movement Pattern Indicator
This versatile technical analysis tool identifies the most active hours for trading by analyzing historical price movements. While it can be viewed on any timeframe chart, the indicator specifically tracks and displays which hours of the day historically show the strongest upward or downward price movements, helping traders optimize their trading schedule around these recurring hourly patterns.
## Core Features
- Tracks the best performing hours for both upward and downward movements
- Viewable on any timeframe chart while maintaining hourly analysis
- Clear visual display through a color-coded table overlay
- Real-time updates with new market data
- Works with all trading instruments (stocks, crypto, forex, futures, etc.)
## Timeframe Applications
### Chart Viewing Options
- Can be viewed on any timeframe chart (1min to Monthly)
- Maintains hourly pattern analysis regardless of chart timeframe
- Helps correlate hourly patterns with your preferred trading timeframe
- Allows detailed visualization of hourly patterns within your analysis period
### Intraday Trading
- Identify the most profitable hours for trading
- Plan trading sessions around historically strong hours
- Optimize entry and exit timing based on hourly patterns
- Structure day trading schedules around peak movement hours
### Swing Trading
- Use hourly statistics to optimize entry/exit timing
- Plan trade executions during historically strong hours
- Time position entries based on hourly success rates
- Enhance swing trading decisions with hourly pattern data
## Practical Applications
### Pattern Recognition
- Track recurring hourly market movements
- Identify institutional trading hour patterns
- Detect regular market cycle hours
- Recognize changes in hourly market behavior
### Risk Management
- Adjust position sizing based on historical hourly patterns
- Plan entries during statistically favorable hours
- Time stop loss adjustments around known volatile hours
- Scale positions according to hourly success rates
### Trade Planning
- Schedule trading sessions during optimal hours
- Plan trade executions around strong movement periods
- Structure trading day around peak hours
- Time position adjustments to favorable hours
## Setup Options
- Timeframe: View on any chart timeframe while tracking hourly patterns
- Visual Display: Non-intrusive table overlay
- Color Coding: Green for upward movements, Red for downward movements
- Hour Display: 24-hour format for global market compatibility
## Trading Strategy Integration
The indicator enhances trading approaches through:
- Optimal hour identification for trade execution
- Historical hourly pattern analysis
- Day trading session optimization
- Position timing based on hourly statistics
## Notes
This indicator proves particularly valuable for:
- Traders seeking to optimize their daily trading schedule
- Day traders focusing on peak market hours
- Swing traders optimizing entry/exit timing
- Traders adapting strategies to specific market hours
- International traders tracking hour-specific patterns across sessions
The tool's hourly pattern analysis provides crucial timing information regardless of your preferred chart timeframe or trading style, helping optimize trade execution around the most statistically favorable hours of the day.
Follow Through Day (FTD) + Sweep [TrendX_]The Follow Through Day (FTD) + Sweep indicator is a Trend-following tool mixing William O'Neil's original FTD concept and Liquidity concept. This indicator helps you identify potential subsequent bullish trends with greater precision by combining volume analysis, price action, and liquidity concepts.
💎 FEATURES
Follow Through Day Candle (FTD Candle)
The FTD, pioneered by William O'Neil, serves as a reliable signal for identifying the beginning of new bull markets. It's particularly valuable because it combines multiple market factors - price action, volume, and timing - to confirm genuine market reversals rather than temporary bounces.
The power of the FTD lies in its ability to distinguish between ordinary market fluctuations and significant trend changes. By requiring specific criteria to be met across multiple sessions, it helps filter out false signals and identifies high-probability reversal points where institutional investors are likely beginning to accumulate positions.
Sweep Area
The Sweep area feature enhances the traditional FTD concept by incorporating modern liquidity analysis. This overlay identifies zones where large market participants are likely to trigger stop losses before continuing the trend. These areas often represent optimal entry points for traders looking to join the new uptrend with reduced risk.
🔎 BREAKDOWN
FTD Candle
The FTD formation process occurs in two distinct phases: Setup and Completion.
Setup Phase
Strong Market Decline
The market must first experience a significant downtrend
This selling pressure helps clear out weak hands and creates oversold conditions
The decline creates the potential energy for a powerful reversal
First Recovery Session
Marks the initial sign of buying pressure emerging
Often characterized by a strong reversal candle
Represents the first indication that selling pressure may be exhausting
Recovery Confirmation
The second and third days must maintain prices above the new pivot low
This consolidation period helps confirm the validity of the initial bounce
Shows that sellers are no longer in control of price action
Completion Phase:
Supply Test Session
Low volume indicates diminishing selling pressure
Price remains above the pivot low
Creates the foundation for institutional buyers to begin accumulating
Breakout Day
Price increase exceeds average profit of bullish candles
Volume increases by at least 15% compared to previous session
Shows strong institutional commitment to the new uptrend
Timing Window
Must occur between the 4th and 8th candle after First Recovery Session
This specific timing helps confirm the sustainability of the reversal
Based on O'Neil's research of historical market bottoms
FTD Sweep
The Post-FTD Phase introduces the Sweep concept, which is crucial for understanding how large market participants operate. This feature leverages the liquidity concept because institutional traders often need to trigger stop losses to accumulate larger positions at better prices. This helps:
Create liquidity pools for large position entries
Shake out weak hands before continuing the trend
Test the strength of the new trend by absorbing selling pressure
⚙️ USAGE
Sweep + TP & SL Strategy
Example: BTCUSDT (1D) - Replay back to 9th November 2024
After an FTD candle forms, traders can adopt a systematic approach to enhance their trading strategy. First, they should determine the swing range and convert the post-FTD zone into concrete stop loss and take profit levels, which are based on the price action during the FTD formation. Next, traders should wait for a sweep formation, as this indicates that institutional players are accumulating positions. A quick price rejection from the sweep level should be observed before executing an entry.
The reasoning behind this strategy is rooted in market microstructure. By waiting for the sweep, traders position themselves alongside institutional players who need to build large positions without causing adverse price movement. The sweep creates the liquidity they need, and the subsequent move often represents the true trend continuation.
DISCLAIMER
This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.
IU Opening range Breakout StrategyIU Opening Range Breakout Strategy
This Pine Script strategy is designed to capitalize on the breakout of the opening range, which is a popular trading approach. The strategy identifies the high and low prices of the opening session and takes trades based on price crossing these levels, with built-in risk management and trade limits for intraday trading.
Key Features:
1. Risk Management:
- Risk-to-Reward Ratio (RTR):
Set a customizable risk-to-reward ratio to calculate target prices based on stop-loss levels.
Default: 2:1
- Max Trades in a Day:
Specify the maximum number of trades allowed per day to avoid overtrading.
Default: 2 trades in a day.
- End-of-Day Close:
Automatically closes all open positions at a user-defined session end time to ensure no overnight exposure.
Default: 3:15 PM
2. Opening Range Identification
- Opening Range High and Low:
The script detects the high and low of the first trading session using Pine Script's session functions.
These levels are plotted as visual guides on the chart:
- High: Lime-colored circles.
- Low: Red-colored circles.
3. Trade Entry Logic
- Long Entry:
A long trade is triggered when the price closes above the opening range high.
- Entry condition: Crossover of the price above the opening range high.
-Short Entry:
A short trade is triggered when the price closes below the opening range low.
- Entry condition: Crossunder of the price below the opening range low.
Both entries are conditional on the absence of an existing position.
4. Stop Loss and Take Profit
- Long Position:
- Stop Loss: Previous candle's low.
- Take Profit: Calculated based on the RTR.
- **Short Position:**
- **Stop Loss:** Previous candle's high.
- **Take Profit:** Calculated based on the RTR.
The strategy plots these levels for visual reference:
- Stop Loss: Red dashed lines.
- Take Profit: Green dashed lines.
5. Visual Enhancements
-Trade Level Highlighting:
The script dynamically shades the areas between the entry price and SL/TP levels:
- Red shading for the stop-loss region.
- Green shading for the take-profit region.
- Entry Price Line:
A silver-colored line marks the average entry price for active trades.
How to Use:
1.Input Configuration:
Adjust the Risk-to-Reward ratio, max trades per day, and session end time to suit your trading preferences.
2.Visual Cues:
Use the opening range high/low lines and shading to identify potential breakout opportunities.
3.Execution:
The strategy will automatically enter and exit trades based on the conditions. Review the plotted SL and TP levels to monitor the risk-reward setup.
Important Notes:
- This strategy is designed for intraday trading and works best in markets with high volatility during the opening session.
- Backtest the strategy on your preferred market and timeframe to ensure compatibility.
- Proper risk management and position sizing are essential when using this strategy in live markets.
Top-Down Trend and Key Levels with Swing Points//by antaryaami0
Overview
The “Top-Down Trend and Key Levels with Swing Points” indicator is a comprehensive tool designed to enhance your technical analysis by integrating multiple trading concepts into a single, easy-to-use script. It combines higher timeframe trend analysis, key price levels, swing point detection, and ranging market identification to provide a holistic view of market conditions. This indicator is particularly useful for traders who employ multi-timeframe analysis, support and resistance levels, and price action strategies.
Key Features
1. Higher Timeframe Trend Background Shading:
• Purpose: Identifies the prevailing trend on a higher timeframe to align lower timeframe trading decisions with the broader market direction.
• How it Works: The indicator compares the current higher timeframe close with the previous one to determine if the trend is up, down, or ranging.
• Customization:
• Trend Timeframe: Set your preferred higher timeframe (e.g., Daily, Weekly).
• Up Trend Color & Down Trend Color: Customize the background colors for uptrends and downtrends.
• Ranging Market Color: A separate color to indicate when the market is moving sideways.
2. Key Price Levels:
• Previous Day High (PDH) and Low (PDL):
• Purpose: Identifies key support and resistance levels from the previous trading day.
• Visualization: Plots horizontal lines at PDH and PDL with labels.
• Customization: Option to show or hide these levels and customize their colors.
• Pre-Market High (PMH) and Low (PML):
• Purpose: Highlights the price range during the pre-market session, which can indicate potential breakout levels.
• Visualization: Plots horizontal lines at PMH and PML with labels.
• Customization: Option to show or hide these levels and customize their colors.
3. First 5-Minute Marker (F5H/F5L):
• Purpose: Marks the high or low of the first 5 minutes after the market opens, which is significant for intraday momentum.
• How it Works:
• If the first 5-minute high is above the Pre-Market High (PMH), an “F5H” label is placed at the first 5-minute high.
• If the first 5-minute high is below the PMH, an “F5L” label is placed at the first 5-minute low.
• Visualization: Labels are placed at the 9:35 AM candle (closing of the first 5 minutes), colored in purple by default.
• Customization: Option to show or hide the marker and adjust the marker color.
4. Swing Points Detection:
• Purpose: Identifies significant pivot points in price action to help recognize trends and reversals.
• How it Works: Uses left and right bars to detect pivot highs and lows, then determines if they are Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), or Lower Lows (LL).
• Visualization: Plots small markers (circles) with labels (HH, LH, HL, LL) at the corresponding swing points.
• Customization: Adjust the number of left and right bars for pivot detection and the size of the markers.
5. Ranging Market Detection:
• Purpose: Identifies periods when the market is consolidating (moving sideways) within a defined price range.
• How it Works: Calculates the highest high and lowest low over a specified period and determines if the price range is within a set percentage threshold.
• Visualization: Draws a gray box around the price action during the ranging period and labels the high and low prices at the end of the range.
• Customization: Adjust the range detection period and threshold, as well as the box color.
6. Trend Coloring on Chart:
• Purpose: Provides a visual cue for the short-term trend based on a moving average.
• How it Works: Colors the candles green if the price is above the moving average and red if below.
• Customization: Set the moving average length and customize the uptrend and downtrend colors.
How to Use the Indicator
1. Adding the Indicator to Your Chart:
• Copy the Pine Script code provided and paste it into the Pine Script Editor on TradingView.
• Click “Add to Chart” to apply the indicator.
2. Configuring Inputs and Settings:
• Access Inputs:
• Click on the gear icon next to the indicator’s name on your chart to open the settings.
• Customize Key Levels:
• Show Pre-Market High/Low: Toggle on/off.
• Show Previous Day High/Low: Toggle on/off.
• Show First 5-Minute Marker: Toggle on/off.
• Set Trend Parameters:
• Trend Timeframe for Background: Choose the higher timeframe for trend analysis.
• Moving Average Length for Bar Color: Set the period for the moving average used in bar coloring.
• Adjust Ranging Market Detection:
• Range Detection Period: Specify the number of bars to consider for range detection.
• Range Threshold (%): Set the maximum percentage range for the market to be considered ranging.
• Customize Visuals:
• Colors: Adjust colors for trends, levels, markers, and ranging market boxes.
• Label Font Size: Choose the size of labels displayed on the chart.
• Level Line Width: Set the thickness of the lines for key levels.
3. Interpreting the Indicator:
• Background Shading:
• Green Shade: Higher timeframe is in an uptrend.
• Red Shade: Higher timeframe is in a downtrend.
• Gray Box: Market is ranging (sideways movement).
• Key Levels and Markers:
• PDH and PDL Lines: Represent resistance and support from the previous day.
• PMH and PML Lines: Indicate potential breakout levels based on pre-market activity.
• F5H/F5L Labels: Early indication of intraday momentum after market open.
• Swing Point Markers:
• HH (Higher High): Suggests bullish momentum.
• LH (Lower High): May indicate a potential bearish reversal.
• HL (Higher Low): Supports bullish continuation.
• LL (Lower Low): Indicates bearish momentum.
• Ranging Market Box:
• Gray Box Around Price Action: Highlights consolidation periods where breakouts may occur.
• Range High and Low Labels: Provide the upper and lower bounds of the consolidation zone.
4. Applying the Indicator to Your Trading Strategy:
• Trend Alignment:
• Use the higher timeframe trend shading to align your trades with the broader market direction.
• Key Levels Trading:
• Watch for price reactions at PDH, PDL, PMH, and PML for potential entry and exit points.
• Swing Points Analysis:
• Identify trend continuations or reversals by observing the sequence of HH, HL, LH, and LL.
• Ranging Market Strategies:
• During ranging periods, consider range-bound trading strategies or prepare for breakout trades when the price exits the range.
• Intraday Momentum:
• Use the F5H/F5L marker to gauge early market sentiment and potential intraday trends.
Practical Tips
• Adjust Settings to Your Trading Style:
• Tailor the indicator’s inputs to match your preferred timeframes and trading instruments.
• Combine with Other Indicators:
• Use in conjunction with volume indicators, oscillators, or other technical tools for additional confirmation.
• Backtesting:
• Apply the indicator to historical data to observe how it performs and refine your settings accordingly.
• Stay Updated on Market Conditions:
• Be aware of news events or economic releases that may impact market behavior and the effectiveness of technical levels.
Customization Options
• Time Zone Adjustment:
• The script uses “America/New_York” time zone by default. Adjust the timezone variable in the script if your chart operates in a different time zone.
var timezone = "Your/Timezone"
• Session Times:
• Modify the Regular Trading Session and Pre-Market Session times in the indicator settings to align with the trading hours of different markets or exchanges.
• Visual Preferences:
• Colors: Personalize the indicator’s colors to suit your visual preferences or to enhance visibility.
• Label Sizes: Adjust label sizes if you find them too intrusive or not prominent enough.
• Marker Sizes: Further reduce or enlarge the swing point markers by modifying the swing_marker_size variable.
Understanding the Indicator’s Logic
1. Higher Timeframe Trend Analysis:
• The indicator retrieves the closing prices of a higher timeframe using the request.security() function.
• It compares the current higher timeframe close with the previous one to determine the trend direction.
2. Key Level Calculation:
• Previous Day High/Low: Calculated by tracking the highest and lowest prices of the previous trading day.
• Pre-Market High/Low: Calculated by monitoring price action during the pre-market session.
3. First 5-Minute Marker Logic:
• At 9:35 AM (end of the first 5 minutes after market open), the indicator evaluates whether the first 5-minute high is above or below the PMH.
• It then places the appropriate label (F5H or F5L) on the chart.
4. Swing Points Detection:
• The script uses ta.pivothigh() and ta.pivotlow() functions to detect pivot points.
• It then determines the type of swing point based on comparisons with previous swings.
5. Ranging Market Detection:
• The indicator looks back over a specified number of bars to find the highest high and lowest low.
• It calculates the percentage difference between these two points.
• If the difference is below the set threshold, the market is considered to be ranging, and a box is drawn around the price action.
Limitations and Considerations
• Indicator Limitations:
• Maximum Boxes and Labels: Due to Pine Script limitations, there is a maximum number of boxes and labels that can be displayed simultaneously.
• Performance Impact: Adding multiple visual elements (boxes, labels, markers) can affect the performance of the script on lower-end devices or with large amounts of data.
• Market Conditions:
• False Signals: Like any technical tool, the indicator may produce false signals, especially during volatile or erratic market conditions.
• Not a Standalone Solution: This indicator should be used as part of a comprehensive trading strategy, including risk management and other forms of analysis.
Conclusion
The “Top-Down Trend and Key Levels with Swing Points” indicator is a versatile tool that integrates essential aspects of technical analysis into one script. By providing insights into higher timeframe trends, highlighting key price levels, detecting swing points, and identifying ranging markets, it equips traders with valuable information to make more informed trading decisions. Whether you are a day trader looking for intraday opportunities or a swing trader aiming to align with the broader trend, this indicator can enhance your chart analysis and trading strategy.
Disclaimer
Trading involves significant risk, and it’s important to understand that past performance is not indicative of future results. This indicator is a tool to assist in analysis and should not be solely relied upon for making trading decisions. Always conduct thorough research and consider seeking advice from financial professionals before engaging in trading activities.
Daily Manipulation and Distribution Levels with Buy/Sell SignalsIndicator Summary:
This indicator is designed for intraday traders, highlighting key price levels and providing simple buy/sell signals based on price manipulation and distribution concepts.
Key Features:
Core Levels:
Manipulation Plus/Minus: Derived from the daily open and a portion of the daily range (e.g., 25%).
Distribution Levels: Daily high and low serve as ultimate targets or resistance/support levels.
Buy and Sell Signals:
Buy Signal: Triggered when the price crosses above the Manipulation Plus level. A green "BUY" label marks the entry.
Sell Signal: Triggered when the price crosses below the Manipulation Minus level. A red "SELL" label marks the entry.
Clean Chart Design:
Hides unnecessary clutter, showing only relevant key levels and labeled signals for clarity.
How to Use:
Entry Points:
Buy Entry: When a green "BUY" label appears after the price breaks above the Manipulation Plus level.
Sell Entry: When a red "SELL" label appears after the price breaks below the Manipulation Minus level.
Exit Strategy:
Take Profit: Use the Distribution Levels (daily high/low) as take-profit zones.
Stop Loss: Set just above/below the Manipulation Levels to manage risk effectively.
One to Two Trades per Session: Focus on high-probability moves to ensure clarity and reduce overtrading.
Who It’s For:
This indicator is ideal for traders seeking a structured and visual approach to intraday trading, with clear entry/exit criteria based on price manipulation and distribution theory. It simplifies decision-making and ensures clean chart setups without overwhelming visuals.
Chartonaut: GlimpseDisplays an overview of some key metrics as a table.
Market Cap : value of the company.
Float Shares : number of shares available for trading.
AR# : average range over the last # sessions.
ATR# : average true range over the last # sessions.
ATR#/MA# : distance of the current price from the given moving average (MA) in terms of ATR multiples.
Rel Volatility : current session's range, including gaps from previous close, relative to the ATR.
Additionally, it highlights some metrics if they are crossing a given threshold, as to warn that some criteria might not be met.
ka66: Bar Range BandsThis tool takes a bar's range, and reflects it above the high and below the low of that bar, drawing upper and lower bands around the bar. Repeated for each bar. There's an option to then multiply that range by some multiple. Use a value greater than 1 to get wider bands, and less than one to get narrower bands.
This tool stems out of my frustration from the use of dynamic bands (like Keltner Channels, or Bollinger Bands), in particular for estimating take profit points.
Dynamic bands work great for entries and stop loss, but their dynamism is less useful for a future event like taking profit, in my experience. We can use a smaller multiple, but then we can often lose out on a bigger chunk of gains unnecessarily.
The inspiration for this came from a friend explaining an ICT/SMC concept around estimating the magnitude of a trend, by calculating the Asian Session Range, and reflecting it above or below on to the New York and London sessions. He described this as standard deviation of the Asian Range, where the range can thus be multiplied by some multiple for a wider or narrower deviation.
This, in turn, also reminded me of the Measured Move concept in Technical Analysis. We then consider that the market is fractal in nature, and this is why patterns persist in most timeframes. Traders exist across the spectrum of timeframes. Thus, a single bar on a timeframe, is made up of multiple bars on a lower timeframe . In other words, when we reflect a bar's range above or below itself, in the event that in a lower timeframe, that bar fit a pattern whose take profit target could be estimated via a Measured Move , then the band's value becomes a more valid estimate of a take profit point .
Yet another way to think about it, by way of the fractal nature above, is that it is essentially a simplified dynamic support and resistance mechanism , even simpler than say the various Pivot calculations (e.g. Classical, Camarilla, etc.).
This tool in general, can also be used by those who manually backtest setups (and certainly can be used in an automated setting too!). It is a research tool in that regard, applicable to various setups.
One of the pitfalls of manual backtesting is that it requires more discipline to really determine an exit point, because it's easy to say "oh, I'll know more or less where to exit when I go live, I just want to see that the entry tends to work". From experience, this is a bad idea, because our mind subconsciously knows that we haven't got a trained reflex on where to exit. The setup may be decent, but without an exit point, we will never have truly embraced and internalised trading it. Again, I speak from experience!
Thus, to use this to research take profit/exit points:
Have a setup in mind, with all the entry rules.
Plot your setup's indicators, mark your signals.
Use this indicator to get an idea of where to exit after taking an entry based on your signal.
Credits:
@ICT_ID for providing the idea of using ranges to estimate how far a trend move might go, in particular he used the Asian Range projected on to the London and New York market sessions.
All the technicians who came up with the idea of the Measured Move.
God's of LiquidityHere’s a detailed description for your script, following the guidelines for clarity and originality:
---
**Title:** God's of Liquidity
**Description:**
The "Gods of Liquidity" script is a comprehensive trading tool designed to help traders identify high-probability buy and sell opportunities based on a combination of liquidity levels, RSI-based sentiment analysis, and session-specific filters.
**Key Features:**
1. **Liquidity Zones Identification:**
- The script dynamically calculates the previous day's high and low levels, which serve as critical liquidity zones. Traders can use these levels to spot potential breakout points and reversals.
2. **RSI-Based Sentiment Analysis:**
- The script incorporates a sophisticated RSI-based sentiment model that differentiates between institutional (Banker) and retail (Hot Money) activity. This dual RSI approach allows traders to gauge market sentiment and anticipate shifts in momentum.
- **Banker RSI:** Measures the sentiment of institutional traders, with customizable sensitivity and period parameters.
- **Hot Money RSI:** Measures retail trader sentiment, with its own adjustable settings to tailor the script to various market conditions.
3. **Session and Day Filters:**
- Traders can restrict signals to specific trading sessions and days of the week, providing greater control and precision in executing trades. This feature is particularly useful for aligning trading activity with market conditions that best suit the strategy.
4. **Breakout and Reversal Signals:**
- The script generates buy signals when the price breaks above the previous day's high, accompanied by bullish RSI sentiment from institutional traders. Conversely, sell signals are generated when the price breaks below the previous day's low, with bearish institutional sentiment.
- These signals are visually marked on the chart, making it easier for traders to identify potential trading opportunities.
5. **Customizable Moving Averages:**
- The script allows users to customize the moving averages used in the RSI calculations, giving traders the flexibility to adapt the tool to their specific trading style and market conditions.
6. **Alert System:**
- Alerts are integrated to notify traders when buy or sell conditions are met, ensuring that traders can react promptly to potential trading opportunities without constantly monitoring the charts.
**How It Works:**
- The script uses the previous day's high and low as key liquidity levels. The price crossing these levels, combined with RSI-based signals, indicates potential buy or sell opportunities.
- The sentiment analysis is derived from the RSI values, with separate calculations for institutional and retail activities. The crossover points of these RSI values against their respective moving averages trigger buy or sell signals.
- The session and day filters allow traders to focus on the most relevant times for trading, enhancing the effectiveness of the strategy.
**Usage:**
- This indicator is designed for Forex traders who want to integrate liquidity zones and sentiment analysis into their trading strategy. It is particularly effective on daily or higher timeframes where liquidity levels and RSI-based sentiment analysis can provide strong indications of market direction.
- The script's flexibility in adjusting session times, days, and RSI parameters makes it suitable for a wide range of trading styles, from day trading to swing trading.
---
**License:**
This source code is subject to the terms of the Mozilla Public License 2.0 at (mozilla.org).
© bankbaguitarcrazy
---
This description should provide sufficient detail to comply with the publication guidelines, offering clear insight into how the script works and its unique features.
Backtest any Indicator v5Happy Trade,
here you get the opportunity to backtest any of your indicators like a strategy without converting them into a strategy. You can choose to go long or go short and detailed time filters. Further more you can set the take profit and stop loss, initial capital, quantity per trade and set the exchange fees. You get an overall result table and even a detailed, scroll-able table with all trades. In the Image 1 you see the provided info tables about all Trades and the Result Summary. Further more every trade is marked by a background color, Labels and Levels. An opening Label with the trade direction and trade number. A closing Label again with the trade number, the trades profit in % and the total amount of $ after all past trades. A green line for the take profit level and a red line for the stop loss.
Image 1
Example
For this description we choose the Stochastic RSI indicator from TradingView as it is. In Image 2 is shown the performance of it with decent settings.
Timeframe=45, BTCUSD, 2023-08-01 - 2023-10-20
Stoch RSI: k=30, d=40, RSI-length=140, stoch-length=140
Backtest any Indicator: input signal=Stoch RSI, goLong, take profit=9.1%, stop loss=2.5%, start capital=1000$, qty=5%, fee=0.1%, no Session Filter
Image 2
Usage
1) You need to know the name of the boolean (or integer) variable of your indicator which hold the buy condition. Lets say that this boolean variable is called BUY. If this BUY variable is not plotted on the chart you simply add the following code line at the end of your pine script.
For boolean (true/false) BUY variables use this:
plot(BUY ? 1:0,'Your buy condition hold in that variable BUY',display = display.data_window)
And in case your script's BUY variable is an integer or float then use instate the following code line:
plot(BUY ,'Your buy condition hold in that variable BUY',display = display.data_window)
2) Probably the name of this BUY variable in your indicator is not BUY. Simply replace in the code line above the BUY with the name of your script's trade condition variable.
3) Save your changed Indicator script.
4) Then add this 'Backtest any Indicator' script to the chart ...
5) and go to the settings of it. Choose under "Settings -> Buy Signal" your Indicator. So in the example above choose .
The form is usually: ' : BUY'. Then you see something like Image 2
6) Decide which trade direction the BUY signal should trigger. A go Long or a go Short by set the hook or not.
Now you have a backtest of your Indicator without converting it into a strategy. You may change the setting of your Indicator to the best results and setup the following strategy settings like Time- and Session Filter, Stop Loss, Take Profit etc. More of it below in the section Settings Menu.
Appereance
In the Image 2 you see on the right side the List of Trades . To scroll down you go into the settings again and decrease the scroll value. So you can see all trades that have happened before. In case there is an open trade you will find it at the last position of the list.
Every Long trade is green back grounded while Short trades are red.
Every trade begins with a label that show goLong or goShort and its number. And ends with another label again with its number, Profit in % and the resulting total amount of cash.
If activated you further see the Take Profit as a green line and the Stop Loss as a orange line. In the settings you can set their percentage above or below the entry price.
You also see the Result Summary below. Here you find the usual stats of a strategy of all closed trades. The profit after total amount of fees , amount of trades, Profit Factor and the total amount of fees .
Settings Menu
In the settings menu you will find the following high-lighted sections. Most of the settings have a question mark on their right side. Move over it with the cursor to read specific explanation.
Input Signal of your Indicator: Under Buy you set the trade signal of your Indicator. And under Target you set the value when a trade should happen. In the Example with the Stochastic RSI above we used 20. Below you can set the trade direction, let it be go short when hooked or go long when unhooked.
Trade Settings & List of Trades: Take Profit set the target price of any trade. Stop Loss set the price to step out when a trade goes the wrong direction. Check mark the List of Trades to see any single trade with their stats. In case that there are more trades as fits in the list you can scroll down the list by decrease the value Scroll .
Time Filter: You can set a Start Time or deactivate it by leave it unhooked. The same with End Time .
Session Filter: here you can choose to activate it on weekly base. Which days of the week should be trading and those without. And also on daily base from which time on and until trade are possible. Outside of all times and sessions there will be no new trades if activated.
Invest Settings: here you can choose the amount of cash to start with. The Quantity percentage define for every trade how much of the cash should be invested and the Fee percentage which have to be payed every trade. Open position and closing position.
Other Announcements
This Backtest script don't use the strategy functions of TradingView. It is programmed as an indicator. All trades get executed at candle closing. This script use the functionality "Indicator-on-Indicator" from TradingView.
Conclusion
So now it is your turn, take your promising indicators and connect it to that Backtest script. With it you get a fast impression of how successful your indicator will trade. You don't have to relay on coders who maybe add cheating code lines. Further more you can check with the Time Filter under which market condition you indicator perform the best or not so well. Also with the Session Filter you can sort out repeating good market conditions for your indicator. Even you can check with the GoShort XOR GoLong check mark the trade signals of you indicator in opposite trade direction with one click. And compare your indicators under the same conditions and get the results just after 2 clicks. Thanks to the in-build fee setting you get an impression how much a 0.1% fee cost you in total.
Cheers
Volume Profile [TFO]This indicator generates Volume Profiles from which to display insights about recent Volume Points of Control and High Volume Nodes. Volume Profile is a way to view trading volume by the price where trades have occurred, rather than the time when they occur (as seen by traditional Volume indicators).
By selecting a Resolution Timeframe (1m in this example), we can aggregate the volume at different prices to build a Volume Profile for a specified Profile Timeframe (1D in this example). In this indicator, we make the simple assumption that a given candle's volume is distributed evenly across all points. Realistically, this is seldom the case, but it gives us a starting point to easily estimate the volume at a given price, in turn helping us to build our profiles in a trivial way.
If we do this for all Resolution Timeframe candles within a Profile Timeframe (all 1m candles in a single 1D candle, in this example), then we can successfully aggregate this data and build a full Volume Profile. And thankfully, Pine Script's new polyline feature ultimately allow us to keep more Volume Profiles on our charts. Before polylines, we would have to consider using lines or boxes to represent the individual levels within a given profile, and each script currently has a cap of 500 lines and boxes, respectively. However, one single polyline can be used to draw the complex shape of an entire profile, and we may show up to 100 polylines in a given script. This helps us keep a lot more data on our charts!
Compared to TradingView's Session Volume Profile indicator (blue/yellow), we can see that our indicator (grey) is nearly identical, which verifies that our assumption of a uniform volume distribution is enough to roughly estimate a given Volume Profile. Note in this example the Row Size was set to 200, meaning that 200 levels are used to approximate profiles from each session's high to its low.
Show VPOC will show the volume point of control of each profile, which represents the price level where the largest amount of volume was traded for a given profile. This is shown with the red lines in the following chart.
Extend Last N VPOCs will look for the most recent, user-defined number of VPOCs (not including the current session's VPOC that's still developing) and extend them to the right of the chart as points of reference. The Show Labels Above option will annotate each VPOC with its respective date above a specified timeframe. This way, if one was using Volume Profiles on intraday timeframes, there wouldn't need to be several date strings all showing the same day.
Show Previous HVNs will show high volume nodes from the previous session. The HVN Strength setting is similar to a "pivot strength" that I use in a lot of my scripts - essentially, HVNs are validated by treating them as local highs. With a HVN Strength of 10 for example, if a given level contains more volume than the 10 levels above and below it, then it is validated as a HVN.
For a cleaner look and feel, HVNs can instead be shown as levels (lines) instead of areas (boxes). With levels enabled, solid lines denote the previous session's VPOC, and dotted lines represent all other HVNs. With areas enabled instead, the tops and bottoms will extend above/below the HVN level until a point with greater volume is discovered (marking the "end" of the node).
This indicator can be computationally intensive and may crash from taking too long to execute. In these cases, it's best to disable unused features, decrease the number of Rows, and/or simply reload the chart until it populates.
Donch +This is an indicator I made for trading Forex to help me see the bigger picture. It is meant for the 30min TF and it includes the following:
- 20 Day High | Low
- 5 Day High | Low
- 4 Hour High | L
- 4 Hour Bars
- Daily Simple Moving Averages
- Weekly Trend Line (connects last week's open to this week's open)
- Daily Trend Line (connects yesterday's open to today's open)
- Horizontal Lines at 0.25% increments (these can be useful for S/R... currency rarely moves more than 1% in a day).
- A table with information about what markets are open and technicals on the pair I am looking at.
- A slight white background fill to highlight the first hour of the US session. Knowing what session you are in is very important in day trading (in my opinion). This lets me go back and see how the US has been trading.
To keep the chart from being "too busy" (it's plenty busy lol), I use a step line and focus on 30min closes. I reference the white lines above and below closes for 4hr highs/lows and don't bother with looking at the high/low of every 30 min bar.
For the table, you will see bright green by the country for the first hour of trading in that session. It will turn to a regular green after the first hour. It will turn yellow the final hour of that session. It will turn red if that market is closed.
You can select from the settings 'inputs' tab to enable/disable any parts of this you don't find useful, for the table you'd go over to the 'style' tab and unselect it there. For example, I don't use the labels regularly. If I were to get confused about what a moving average was or something, I'd enable the labels and clarify.
Currency doesn't like to break out and likes to be stable. Keeping this in mind, you can see how the 20 day high / low and the 5 day high / low act as support and resistance (unless there is a news event to break out on.
I have alerts for the following:
- Price update every hour
- Crossing a trend line
- Crossing a moving average
- Crossing a 0.25% increment
- Making a new 4 hour, 5 day, or 20 day high/low
To enable the alerts, you would click add alert, select the indicator, and click save. To work properly, you'd want to be on the 30min TF before doing this. You will get a lot of alerts (personally I like this because I like to see how currency moves throughout the day). You will get one notification per 30 minutes but not more than that for the particular alert.
AMDX-XAMDGuided by ICT tutoring and also inspired by the teaching of
Daye', I create this versatile "AMDX" indicator.
A = Accumulation
M = Manipulation
D = Distribution
X = Continuation Or Reversal
This indicator shows a different way of viewing all the Timeframes by dividing them into Quarters, in this context the Trading sessions are divided into a 90m cycle, dividing each time range into Q1-Q2-Q3-Q4, in this way you have a clear vision of what the price is likely to do
True Open Times =
Opening Week - Monday at 6pm
Opening Day - 00:00
Asia -7.30pm
London -01.30
New York -07:30
PM -1.30pm
Session Times =
Q1 Asia 18:00-00:00
Q2 London 00:00-06:00
Q3 New York 06:00-12:00
Q4 PM 12:00-18:00
The user has the possibility to:
- Choose whether to display AMDX W
- Choose whether to display AMDX D
- Choose whether to display AMDX Session
- Choose to show the text in the Box
- Choose to show open levels
The indicator should be used as ICT and 'Daye' show in their concepts.
The indicator divides everything into Quarter ranges and classifies them into Q1-Q2-Q3-Q4 (as in the example above), and each Quarter has its own specific function, and can be used in this way:
If Q1 does an expansion it is likely that Q2 will do a consolidation, Q3 will do a Manipulation and Q4 will do a reversal returning to Q1
-If we are Bullish we buy under Open Session
-If we are Bearish we buy above open session
As in the example below:
If something is not clear, comment below and I will reply as soon as possible.
AfterHours Spike DetectorThe script pulls Lower Timeframe (30min) data to draw High/Low of Out-of-hours/AfterHours session (post-market session & next day pre-market session) on the Daily regular session chart. It then identifies significant AfterHours price changes and what happens to these price Spikes by the Open of the next day regular session.
You can change:
wether to show AfterHours High/Lows
wether to show AfterHours price Spikes
the AfterHours price Spike threshold (default = +/- 10%)
World Markets Open/Close BackgroundIndicator fills background color on the chart for different markets around the world.
This can be helpful in some markets to understand after hours and premarket price action. User can study if there is correlation between highs/low in whole session or open/close of different markets.
Tokyo, Hong Kong and Shanghai are Asian Markets in Red are combined
Bombay, London and NYSE are individually plotted.
Times can be changed for each session to include the entire session, or selected block of 15 minutes.
Less than 15 minutes will need to be changed in the default value of the code which is why I'm publishing it open source.
All coded default times for each market are in CST.
Background color can be turned off individually under the Style tab, and can also be unchecked under Inputs and can just be used for source for further coding.
My intentions for this script is to use it and its variable value to plot the highs and lows just in the specific times in a session and to more easily visualize those sessions with color coding.
I hope this is useful
Cheers!
