Price Alert Indicator with TableIndicator Description: Price Alert Indicator with Table
The Custom Price Alert Indicator with Table is a TradingView script designed to help traders monitor and react to significant price levels during the Asian and London trading sessions. This indicator provides visual alerts and displays relevant session data in a user-friendly table format.
Key Features:
User-Defined Session Times:
Users can specify the start and end hours for both the Asian (default: 8 AM to 2 PM) and London (default: 2 PM to 8 PM) trading sessions in their local time zone.
This flexibility allows traders from different regions to customize the indicator according to their trading hours.
Real-Time Highs and Lows:
The indicator calculates and tracks the high and low prices for the Asian and London sessions in real-time.
It continuously updates these values as new price data comes in.
Touch Notification Logic:
Alerts are triggered when the price touches the session high or low points.
Notifications are designed to avoid repetition; if the London session touches the Asian high or low, subsequent touches are not alerted until the next trading day.
Interactive Table Display:
A table is presented in the bottom right corner of the chart, showing:
The Asian low and high prices
The London low and high prices
Whether each price level has been touched.
Touched levels are visually highlighted in green, making it easy for traders to identify relevant price actions.
Daily Reset of Notifications:
The notification statuses are reset at the end of the London session each day, preparing for the next day’s trading activity.
Use Cases:
Traders can utilize this indicator to stay informed about pivotal price levels during important trading sessions, aiding in decision-making and strategy development.
The clear visual representation of price levels and touch statuses helps traders quickly assess market conditions.
This indicator is particularly beneficial for day traders and those who focus on price movements around key high and low points during the trading day.
Cari dalam skrip untuk "session"
Dynamic Time Zone EMA with Candle Trend AnalysisCandleTrend TZ is a powerful analytical tool that integrates time zones, exponential moving averages (EMA), and custom candle coloring based on trend direction. This indicator is ideal for traders looking to analyze market trends within specific time sessions effectively.
Key Features:
Time Zones:
Divides the chart into four distinct time intervals, each highlighted with a unique background color.
Fully customizable start and end times for each interval, allowing for adaptation to various trading schedules.
Exponential Moving Averages (EMA):
Displays three EMAs with user-defined lengths:
EMA 200 (blue) for long-term trends.
EMA 50 (green) for medium-term trends.
EMA 20 (red) for short-term trends.
Helps identify trend direction and strength.
Custom Candle Coloring:
Utilizes smoothed Heiken Ashi and Triple EMA (TEMA) calculations for enhanced candle coloring:
Green candles indicate an upward trend.
Red candles signal a downward trend.
Filters out market noise, providing a clear visual representation of market dynamics.
Customization Options:
Time Zones:
Adjustable start and end times for each of the four sessions:
Input hour and minute for start and end times (e.g., Interval 1 Start/End Hour/Minute).
Background colors are pre-defined but can be modified in the code.
EMAs:
User-defined lengths for each EMA:
EMA 200 Length (default: 200)
EMA 50 Length (default: 50)
EMA 20 Length (default: 20)
TEMA Settings:
Parameters for trend smoothing:
TEMA Length (default: 55)
EMA Length (default: 60)
Use Cases:
Intraday Session Analysis:
Use time zones to differentiate between morning, afternoon, and evening market activity.
The background colors make it easy to track session-specific trends.
Trend Trading:
Analyze EMA crossings and their slopes to confirm market direction.
Green candles indicate buying opportunities, while red candles highlight selling signals.
Noise Reduction:
TEMA smoothing removes market noise, allowing you to focus on the primary market trend.
Adaptation to Custom Strategies:
By adjusting time intervals, you can tailor the indicator to specific trading styles or market conditions.
Benefits:
Versatility for both trending and sideways markets.
Intuitive and user-friendly setup.
Suitable for traders of all skill levels, from beginners to professionals.
CandleTrend TZ is an indispensable tool for understanding market dynamics, enhancing your trading precision, and making well-informed decisions. 🚀
Daily Asian RangeDaily Asian Range Indicator
This indicator is an enhanced version inspired by @toodegrees' "ICT Friday's Asian Range" indicator. While maintaining the core concepts, this version expands functionality for daily analysis and adds comprehensive customization options.
### Overview
The Asian Range indicator identifies and visualizes potential liquidity areas based on price action during the Asian session (8:00 PM - 12:00 AM ET). It plots both body and wick ranges along with multiple standard deviation levels that can serve as potential price targets or areas of interest.
### Features
- Flexible Display Options
- Choose between Body, Wick, or Both for range boxes and deviation lines
- Customizable colors, styles, and borders for all visual elements
- Historical sessions display (0-20 previous sessions)
- Advanced Standard Deviation Levels
- Multiple deviation multipliers (1.0, 1.5, 2.0, 2.3, 3.5)
- Separate visualization for body and wick-based deviations
- Clear labeling system for easy identification
- Precise Time Management
- Asian session: 8:00 PM - 12:00 AM ET
- Deviation lines extend through the following trading day
- Proper timezone handling for accuracy
### Usage
- Works on timeframes from 1 to 15 minutes
- Use the range boxes to identify key price levels from the Asian session
- Standard deviation levels can serve as potential targets or areas of interest
- Combine with other indicators for enhanced analysis
### Credits
Original concept and base implementation by @toodegrees
Enhanced and expanded by @Omarqqq
### Disclaimer
This indicator is for educational and informational purposes only. Always conduct your own analysis and use proper risk management.
VIX Cheat SheetHello!
This indicator - "VIX Cheat Sheet" - performs several calculations for $VIX against the asset on your chart. However, using $VIX as a risk proxy or volatility metric often fails beyond large-cap U.S equities. To remedy this, the VixFix indicator is included in the script; you can select whether the script performs calculations for an asset against $VIX or against VixFix (i.e. Forex, Crypto)
Measured are: $VIX correlation to an asset's price fluctuations, the average close-to-close gain/loss subsequent a $VIX/VixFix close above the upper Bollinger Band, the average 5-session gain/loss following the same occurrence in addition to the average 10-session gain/loss, all close-to-close, 5 session, and 10-session gains/losses are stored as tooltips for labels on the chart. The current close-to-close percentage gain/loss for $VIX and VixFix are displayed on the chart.
Displayed in the example image is a box incorporating $VIX price data alongside an upper Bollinger Band and lower Bollinger Band. The data isn't cast to its own price scale but is helpful for quick interpretation of $VIX fluctuations. You can select to plot VixFix data in the box in the user inputs table.
Displayed in the second example image is a semi-transparent blue box encompassing all price moves that occurred when $VIX measured above $40 for at least ten consecutive sessions. The largest percentage close-to-close loss is displayed below the box.
Also illustrated is a red label that appears when $VIX or VixFix closes above the upper Bollinger Band. The indicator will calculate and display the performance of the asset for the subsequent 10 sessions, to which the red label will disappear and all data stored as a tooltip in the blue labels stating "VIX Closed Above Upper Band" or "VixFix Closed Above Upper Band".
To reduce chart clutter, a label and line combination marking all $VIX closes above the upper Bollinger Band was not included. Instead, bar color changes were added. When "$VIX" is selected in the user inputs table the indicator will mark all sessions in which $VIX closed above the upper band as blue, in addition to plotting $VIX price data in the dynamic black box. When "VixFix" is selected, the indicator will mark all sessions where VixFix closed above the upper band as purple; the VixFix indicator will be plotted in the black box.
Be sure to hover over labels to access tooltip information; try the indicator with bar replay!
Open Range Breakout (ORB) with Alerts
🚀 ChartsAlgo – Open Range Breakout (ORB) with Alerts
The Open Range Breakout (ORB) Indicator by ChartsAlg is designed for intraday traders looking to capitalize on price movements after the market’s opening range. This tool is especially effective for futures (MNQ, MES) and high-volatility stocks or crypto where initial volatility sets the tone for the session.
This indicator identifies a user-defined opening range window, plots the high/low lines of that range, and visually alerts users when price breaks out above or below the range — with options to customize breakout repetitions, background fill, and alerts.
💡 What is an Open Range Breakout (ORB)?
The opening range represents the high and low established during the first few minutes of the trading session — usually 15 or 30 minutes. Many intraday strategies are based on the idea that breaking out of this initial range often signals strong momentum and trend continuation.
Traders often enter:
Long when price breaks above the range high.
Short when price breaks below the range low.
⚙️ How It Works
You define a session window (e.g., 09:30–09:45 EST).
The indicator tracks the high and low during this time.
Once the session ends, the high and low become your range breakout levels.
The indicator then:
Plots lines for visual clarity
Optionally fills background between the range
Triggers breakout signals if price crosses the levels
Provides alerts when breakouts occur
🛠️ Settings Breakdown
🔹 Session Settings
Range Session: Set your preferred window (e.g., 0930–0945). Can be premarket, first 30 mins, or any custom time.
Time zone: Use "America/New York" for EST (default) or change to "GMT+0" for international traders.
🔹 Breakout Settings
Bullish Breakout Signals: Number of allowed breakout alerts above the range.
Bearish Breakout Signals: Number of allowed breakout alerts below the range.
This prevents repeated alerts once breakout has been confirmed.
🔹 Display Settings
Show Background Fill: Fills area between high/low of the range for easier visual analysis.
Show Breakout Signals: Triangle markers plotted on the chart when breakouts happen.
Only Show Today’s Range: Keeps the chart clean by showing only the most current day’s range.
🔹 Color Settings
Range High/Low Line Colors: Choose any color for clarity.
Range Fill Color: Customize the highlight area for your chart style.
📊 Chart Features
Range High/Low Lines: Automatically plotted after range session ends.
Visual Fill Box: Optional background shading between the opening range.
Triangle Breakout Markers: Appear at the breakout candle.
Alerts: Can be used with TradingView’s alert system to notify you of breakouts in real-time.
🔔 Alerts
Two alert conditions are built in:
Bullish Breakout: Triggers when price breaks above the high of the range.
Bearish Breakout: Triggers when price breaks below the low of the range.
Example Alert Message:
📈 “Bullish Breakout above Open Range on AAPL!”
To activate:
Click “🔔 Alerts” on TradingView.
Set condition to this script.
Choose “ORB Breakout Up” or “ORB Breakout Down”.
Choose alert frequency and notification method.
⚠️ DISCLAIMER
ChartsAlgo tools are for informational and educational purposes only.
They are not financial advice or signals. Past performance does not guarantee future results. Use at your own risk and always implement solid risk management.
By using this indicator, you agree that you are solely responsible for any trades or decisions made based on the information provided.
Killzone Highlights with Volume [odnac]
Description:
This indicator seamlessly integrates volume analysis with kill zone highlights across different market sessions.
The indicator dynamically displays trading volume and visually emphasizes key trading sessions in various time zones, including Asia, Europe, and New York (both AM and PM sessions).
Users have the flexibility to customize the colors of bullish and bearish volume bars, as well as the transparency and color of the kill zone highlights, allowing for tailored visual analysis of trading periods.
Features:
Bullish and Bearish Volume Colors:
Displays the volume of trades with user-defined colors for bullish (up) and bearish (down) candles.
Killzone Highlights:
Highlights the kill zones for Asia, Europe, New York AM, and New York PM sessions with user-defined colors and transparency.
Customization Options:
Allows users to adjust the colors, transparency, and time settings for each kill zone.
Weekend Handling:
Option to hide kill zone highlights during weekends.
Timeframe Limitation:
Users can set the maximum timeframe for which the kill zone highlights will be displayed.
Usage:
This indicator is designed for traders who want to gain insights into market activity during key trading sessions.
By combining volume data with visually distinct kill zone highlights, it helps traders make informed decisions based on the most active trading periods.
Ideal for intraday traders looking to leverage session-based strategies for more effective trading decisions.
FxASTLite [ALLDYN]This script, titled "FxASTLite " or "FxAST LX," is a Pine Script indicator designed for trading systems that use multiple technical analysis tools such as EMAs (Exponential Moving Averages) and PSAR (Parabolic Stop and Reverse). The script is overlaid on the price chart, providing insights into market trends and potential buy or sell signals.
### Key Features:
1. **EMA (Exponential Moving Averages)**
- The script plots several EMAs (5, 8, 13, 21, 50, and 200) based on the Heiken Ashi close price. EMAs are helpful in identifying trends, momentum, and potential entry/exit points.
- The script highlights key relationships between the EMAs, such as the crossover or crossunder of faster EMAs (like the 8 EMA) with slower ones (like the 21 EMA). These events often signal potential trend reversals or continuation.
2. **PSAR (Parabolic Stop and Reverse)**
- The script uses the PSAR indicator, which is a trend-following indicator that highlights potential points where the market might reverse direction.
- The script identifies bullish PSAR flips (when the PSAR value moves below the price, signaling a potential upward trend) and bearish PSAR flips (when the PSAR value moves above the price, signaling a downward trend).
- The PSAR flips are used to generate buy or sell signals.
3. **Heiken Ashi Candles**
- It uses Heiken Ashi candles to smooth out price action and better identify trends. Heiken Ashi candles help filter out market noise and make trends clearer compared to regular candlestick charts.
4. **Session Times**
- The script allows traders to track different market sessions (e.g., London, New York, Asia). It identifies and allows users to analyze price action during specific trading hours.
5. **Buy and Sell Signals**
- The script defines multiple conditions for buy and sell signals:
- **Buy Signals**: Generated when certain conditions are met, such as the price moving above key EMAs, bullish PSAR flips, and bullish Heiken Ashi candles.
- **Sell Signals**: Generated when conditions like bearish PSAR flips, bearish candles, and price moving below EMAs are met.
- These signals are designed to guide traders on when to enter or exit trades.
6. **Alerts**
- The script comes with alert conditions, which can be used to set automated alerts for when buy or sell signals occur. This allows the trader to stay informed without constantly monitoring the chart.
### How It Works:
1. **EMA-Based Trend Identification:**
- EMAs help identify the overall market trend. For example, if the 8-period EMA crosses above the 21-period EMA, it signals a potential bullish trend. Conversely, if the 8 EMA crosses below the 21 EMA, it may signal a bearish trend.
2. **PSAR for Trend Reversals:**
- PSAR values provide insight into potential trend reversals. When the PSAR flips (moving from above to below the price or vice versa), the script highlights these flips as potential buy/sell signals.
3. **Combining Signals:**
- The script combines multiple indicators (EMAs, PSAR, and Heiken Ashi candles) to provide stronger confirmations of potential entry and exit points. By using multiple indicators, the script reduces the likelihood of false signals.
4. **Visual Overlay:**
- The script overlays key information on the price chart, such as EMAs and PSAR dots, which makes it easy for traders to visualize market conditions in real-time.
### Benefits of Using This Script:
1. **Trend Identification:**
- The combination of EMAs and PSAR helps traders identify trends early. The visual display of these indicators directly on the chart makes it easier to detect shifts in market sentiment.
2. **Smoothed Candlesticks:**
- By using Heiken Ashi candles, the script smooths out noisy price action, making it easier to spot trends and reduce the likelihood of making impulsive decisions based on short-term volatility.
3. **Buy and Sell Signals:**
- The script generates clear buy and sell signals based on a combination of multiple technical factors (EMAs, PSAR, and Heiken Ashi). This can help traders time their entries and exits more effectively.
4. **Multi-Timeframe Alerts:**
- With the built-in alert functionality, traders can set up alerts for specific signals (like a PSAR flip or EMA crossover) across different timeframes. This helps traders stay informed without having to watch the chart constantly.
5. **Session Management:**
- The ability to track different market sessions allows traders to focus on times of high liquidity and volatility, which are often the best times to trade.
6. **Customizability:**
- The script allows traders to customize the settings for each indicator (e.g., EMA lengths, PSAR settings, session times) according to their trading preferences.
### Use Cases:
- **Trend Trading:**
- Traders who follow market trends can benefit from this script as it uses EMAs and PSAR to identify trending conditions and potential trend reversals.
- **Swing Trading:**
- Swing traders looking to capitalize on medium-term market moves can use the script to identify optimal entry and exit points based on momentum shifts.
- **Intraday Trading:**
- The inclusion of market sessions and real-time alerts makes the script useful for intraday traders who want to focus on specific trading hours, such as the opening of the London or New York sessions.
Overall, this script is designed for traders who rely on technical indicators to guide their trading decisions. The combination of EMAs, PSAR, and Heiken Ashi candles provides a well-rounded view of market trends and potential entry/exit points, making it a powerful tool for traders looking to improve their strategy.
Mxwll Price Action Suite [Mxwll]Introducing the Mxwll Price Action Suite!
The Mxwll Price Action Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Introducing the Mxwll SMC Suite!
The Mxwll SMC Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Expanded Features of Mxwll Price Action Suite
Internal and External Structures
Internal Structures: These elements refer to the price formations and patterns that occur within a smaller scope or a specific trading session. The suite can detect intricate details like minor support/resistance levels or short-term trend reversals.
External Structures: These involve larger, more significant market patterns and trends spanning multiple sessions or time frames. This capability helps traders understand overarching market directions.
Customizable Sensitivities
Adjusting sensitivity settings allows users to tailor the indicator's responsiveness to market changes. Higher sensitivity can catch smaller fluctuations, while lower sensitivity might focus on more significant, reliable market moves.
Break of Structure (BoS) and Change of Character (CHoCH)
BoS: This feature identifies points where the price breaks a significant structure, potentially indicating a new trend or a trend reversal.
CHoCH: Detects subtle shifts in the market's behavior, which could suggest the early stages of a trend change before they become apparent to the broader market.
Order Blocks and Market Phases
Order Blocks: These are essentially price levels or zones where significant trading activities previously occurred, likely pointing to the positions of smart money.
HH/LH/LL/LH Areas: Identifying Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Lower Highs (LH) helps in understanding the trend and market structure, aiding in predictive analysis.
Rolling Timeframe Highs/Lows and Volume Comparisons
Tracks highs and lows over specified rolling periods, providing dynamic support and resistance levels.
Compares volume data across different timeframes to assess the strength or weakness of the current price movements.
Auto Fibonacci Levels
Automatically calculates and plots Fibonacci retracement levels, a popular tool among traders to identify potential reversal points based on past movements.
Session Data and Volume Intensity
Session Information: Displays current and upcoming trading sessions along with countdown timers, which is crucial for day traders and those trading on session overlaps.
Volume Intensity: Measures and compares the volume within the last 4 hours and 24 hours to gauge market activity and potential breakout/breakdown movements.
Visualizations and Practical Use
Dynamic Visuals: The suite provides dynamic visual aids, such as real-time updating of high/low markers and Fibonacci levels, which adjust as new data comes in. This feature is critical in fast-paced markets.
Strategic Entry/Exit Points: By identifying order blocks and using Fibonacci levels, traders can pinpoint strategic entry and exit points, maximizing potential returns.
Risk Management: Enhanced features like session countdowns and volume intensity help in better risk management by providing traders with more data on market sentiment and potential volatility.
ICT Weekly Profile Templates Dashboard by AlgoCadosThe ICT Weekly Profile Templates Dashboard is a tool meticulously crafted to integrate ICT Weekly Profiles and enrich your trading approach with profound insights. It provides a real-time analysis of market sessions, Daily Session Opens openings, and potential Points of Interest (POI) within the week, It outlines 12 profiles, serving as a roadmap with enhanced precision. By breaking down the trading week into specific profiles, it provides a clear framework to navigate market fluctuations.
# Key Features
Weekly Templates Dashboard : An advanced feature supported by an easy-to-understand table that lists all 12 profiles, simplifying the process of identifying current market scenarios and potential future movements.
Intraweek POI : Identifies key intraweek levels of interest (Daily Highs / Daily Lows) with configurable visual styles. Distinguish between buyside and sellside POIs with solid, dotted, or dashed lines in colors that stand out or blend in, according to your preference.
POI Raids Insights : Automatically updates the lines and label of a key level once it gets broken, highlighting the time when the high or low was taken out,.to provide a comprehensive overview of weekly market dynamics.
Customization at its Core : With inputs for line styles, colors, and even font specifications for text and labels, the dashboard is fully customizable to fit your charting needs. Whether you prefer solid lines for emphasis or dotted lines for a more subdued look, the choice is yours.
Utility and Style : The script doesn't just offer functional benefits; it also considers aesthetics. Choose from Monospace or Sans Serif fonts and adjust the size to ensure that your dashboard is not only informative but also visually pleasing.
# ICT Weekly Pattern
"xOTW" serves as placeholder for "LOTW" (Low of the Week) and "HOTW" (High of the Week). This visual shorthand allows traders to quickly interpret market conditions, with a combination of "xOTW" alongside directional arrows "↗" (Bullish) and "↘" (Bearish).
Bullish Patterns Analyzed
Mon LOTW: Monday Low Of The Week / Classic Buy Week;
Tue LOTW: Tuesday Low Of The Week / Classic Buy Week;
Wed LOTW: Wednesday Low of the Week;
MWK R: Consolidation Midweek Rally;
Thu LOTW: Thursday Low Of The Week / Consolidation Thursday Reversal (Bullish);
Fri S&D: Seek and Destroy Bullish Friday;
Bearish Patterns Analyzed
Mon HOTW: Monday High Of The Week / Classic Sell Week;
Tue HOTW: Tuesday High Of The Week / Classic Sell Week;
Wed HOTW: Wednesday High of the Week;
MWK D: Consolidation Midweek Decline;
Thu HOTW: Thursday High Of The Week / Consolidation Thursday Reversal (Bearish);
Fri S&D: Seek and Destroy Bearish Friday;
# Inputs
Offset: Adjusts the offset for the daily open marker, allowing users to shift the position of the session start visual cue on the chart.
Show Historic Data: Toggles the display of historical session data, enabling traders to either keep a continuous record of sessions throughout the chart or reset data at the start of each new week.
CME_MINI:ESH2024
Show Session Start: Activates vertical dividers at the start of each trading session, providing a clear demarcation of session boundaries.
Show Session Open: Displays the opening price for each session, offering immediate visual cues to the session's starting strength or weakness.
Extend Session Open: Extends the session's opening price line to the current bar, giving a persistent reference point throughout the trading session.
CME_MINI:ESH2024
Intraweek POI Styles and Colors
Start Line Style: Customizes the style of session start lines with options for solid, dotted, or dashed appearances.
Start Line Color: Chooses the color for session start lines, enhancing chart readability.
Daily Open Style and Color: Sets the style and color for the daily open lines, distinguishing them from other chart elements.
Buyside Line Style and Color: Adjusts the visualization of potential buyside areas of interest with customizable line styles and colors.
Sellside Line Style and Color: Configures the display for potential sellside points of interest, allowing for distinct visual differentiation.
Utils for Aesthetics and Clarity
Font Family and Size: Selects the font family and size for text elements within the indicator, ensuring clarity and consistency with your chart's aesthetic.
Text and Background Colors: Defines the color for text and background elements, facilitating a harmonious integration with the chart's overall color scheme.
CME_MINI:ESH2024
Embrace the essence of smarter trading where every insight is "Healthy For Your Trading."
PA Double Diamond [NawidD.]This indicator will use ALMA cross as strategy to display Buy and Sell signals. You can filter the signals with several options, like a Moving Average (MA), True Strength Index (TSI), Range Filter, and/or filter by session. You can set alerts with pre-defined Take Profit (TP) and Stoploss (SL). Please read below for more detailed information.
Plots on the chart
- ALMA Fast and ALMA Slow.
- ALMA Cross Dots on top.
- Buy/Sell signals. Show as a Diamond or as regular.
- Moving Average (MA). Available options: SMA/EMA/ZLEMA/DEMA/TEMA.
- Sessions Filter (London/New York/Tokyo/Sydney)
- Take Profit and Stoploss.
- Show Stoploss hit.
ALMA
Default is ALMA Fast set to 13 and ALMA Slow set to 50. These can be changed by input.
ALMA Cross Dots on top
This will display dots on top of the chart. It shows ALMA Fast and ALMA Slow crosses only, without MA, TSI, Range Filter, and Session filter.
- Blue dot: ALMA crossover, up direction.
- Orange dot: ALMA crossunder, down direction.
Moving Average (MA) for overall trend direction
It is possible to enable the overal trend direction using the MA.
When enabled, Buy signals will be shown when signal is above the MA, and Sell signals will be shown when signal is below the MA. The following options are available:
- SMA = Simple Moving Average
- EMA = Exponential Moving Average
- ZLEMA = Zero Lag Exponential Moving Average
- DEMA = Double Exponential Moving Average
- TEMA = Triangular Moving Average
True Strength Index (TSI)
The signals can be filtered using the True Strength Index (TSI). Please note, this indicator will use the TSI, but won't display it for visualization. Default options: Long Length 25, Short Long 13, Signal Length 13. This can be changed by input.
Range Filter
The signals can be filtered using the Range Filter. Change the input in the settings. You can also display the Range Filter from the Styles tab.
Sessions Filter
Filter signals by session. You can also select the UTC timezone, and use daylight savings time (this will add 1 hour for daylight savings time). Available options to use as session filter: London/New York/Tokyo/Sydney. You can also display the sessions without using them as filter.
Take Profit (TP) and Stoploss (SL)
The TP and SL can be set. Use the value in ticks. So 30 pips equals 300 ticks. You can enable/disable the TP and SL from settings.
Alert Option
Alerts can be set to message you with the pre-defined TP and SL when a Buy Signal or Sell Signal occurs. I recommend to use alerts with trigger "Once per bar close". When linked to your broker/metatrader it is possible to set the indicator as autotrading since it will message you:
- Entry price
- TP price
- SL price
ICT Seek & Destroy Profile [TFO]The goal of this indicator is to anticipate potentially "choppy" New York trading sessions, based on what price does during the Asia and London trading sessions. Based on some user-defined success criteria, we can also track how successful these warnings are.
Many Inner Circle Trader (ICT) students have noted that choppy New York sessions are often preceded by erratic London sessions which take both the high and low of the Asian range.
When this criteria is true and warnings are enabled, a table will automatically populate with a custom warning message for the duration of the NY session, indicating to the user that it could be a choppy trading day.
We can measure and track the success rate of these warnings via the following success criteria:
- NY stays within London range
- NY exceeds London high and low
- NY closes within London range
- NY range is too small
The first three criteria should be self explanatory - the NY range either stays within the London high & low, exceeds them both, or closes within them.
The last criteria is a measure of the New York range compared to a user defined standard deviation of all historical ranges (for the number of sessions that the current chart can load). The default value of 1.5 would imply that a "successful" S&D day could be if the NY range (from high to low) was less than or equal to 1.5 standard deviations of all past ranges.
All these options can be toggled on/off as well, for those that only want to consider certain success criteria and not others. When any of the selected success criteria are true, that essentially indicates that the current session's warning was successful.
ICT LIQUIDITY indicator [Focused Trader]This indicator allows you to draw liquidity according to ICT. Specifically, you can choose to draw liquidity for specific sessions (Asia,New York,London).
Filtering by session
You can chooose to display only liquidities created in specific session. For example, the favourite liquidity is that of Asia. And then, in London market usually grabs it. So you set to display only liquidites of asia.
Session background
You can also display background over specific session, this is very usefull to see how market behaves - liquidity created in Asia is very often taken in London session. You can use any colour you'd like.
Colouring and style of lines
There is an option to choose colour for liquidity lines from different sessions and also choose specific colour for highs and lows. You can also set different styles (dash, dot, arrow, ...) of liquidty lines.
RVOL - R4RocketRelative volume or RVOL for short is an indicator that is used to measure how 'In Play' the stock is. Simply put, it helps to quantify how interested everybody is in the given stock - higher the value, higher the interest and hence higher is the probability for movement in the stock.
I have tried to create RVOL (Relative Volume ) Indicator as per the description that I read on SMB Capital blog. The blog is a great resource.
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How to use the indicator - The indicator is meant for INTRADAY ONLY.
The indicator has following inputs -
1. RVOL Period - Value from 3 to 14 (Default Value = 4)
This is used to calculate the average volume over the given period of days. e.g. average volume for the last 5 days, last 3 days, last 10 days etc. NOTE - If you use higher RVOL Period on smaller timeframes, the code will give an error. So I recommend using 4 or lower for 5 min timeframe. (Nothing will work on 1 min chart and you can experiment for other timeframes.)
2. RVOL Sectional - True / False (Default Value = False)
If you check this box then you will be able to calculate the RVOL for a particular session (or between particular sessions) in that trading day.
What do I mean by session?
Well I have divided the trading day into 6 (almost) equally spaced sessions in time, i.e. 6 hours and 15 mins (for NSE - India) of trading day is divided into 1 hr - 1st session, 1 hr - 2nd session, 1 hr - 3rd session, 1 hr - 4th session, 1 hr - 5th session, 1 hr and 15 min - 6th session.
Before using 3rd and 4th inputs of indicator, RVOL Sectional box MUST BE CHECKED FIRST.
3. RVOL From Session - 1 to 6 (Default Value = 1)
4. RVOL To Session - 1 to 6 (Default Value = 2)
Now if you select 2 in "RVOL From Session" input and 3 in "RVOL To Session" input, the indicator will calculate RVOL for the 2nd and 3rd hour of the trading day. If you select 3 in both the inputs, then the indicator will give RVOL for the 3rd hour of the trading day.
5. RVOL Trigger - 0.2 to 10 (Default Value = 2)
Filter to find days having RVOL above that value. The indicator turns green (or colour of your choice) when RVOL is more than "RVOL Trigger".
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Hope this indicator will add some value in your trading endeavor.
“Only The Game, Can Teach You The Game” – Jesse Livermore
Yours sincerely,
R4Rocket
**If you have some awesome idea for improvement of the indicator - request you to update the code and share the same.
Overnight ES Strategy: CBC + Fractal + RSI + ATR FilterThis script is designed for overnight trading of the E-mini S&P 500 futures (ES) between 6 PM and 11 PM EST.
It combines multiple technical confluences to generate high-probability buy and sell signals, focusing on volatility-rich, low-liquidity evening sessions.
Key Features:
Candle Body Confluence (CBC) Approximation:
Identifies candles with small real bodies compared to total range, simulating consolidation zones where price is likely to reverse.
Williams Fractal Confirmation:
Detects local tops and bottoms based on 5-bar fractal reversal patterns, helping validate breakout or reversal points.
RSI Filter:
Ensures momentum is supportive — buys only when RSI < 35 (oversold) and sells only when RSI > 65 (overbought).
ATR Volatility Filter:
Trades are only allowed if the Average True Range (ATR) exceeds a user-defined threshold, filtering out low-volatility, risky environments.
Time Session Control:
Signals are only generated during the user-defined evening session (default: 6 PM to 11 PM EST) to match market behavior.
Real-Time Alerts Enabled:
Alerts can be set for BUY or SELL conditions, enabling mobile notifications, emails, or pop-ups without constant chart monitoring.
Recommended Settings:
Chart Timeframe: 15-minute or 30-minute candles
Assets: ES Mini (ES1!), NQ Mini, or other CME futures
Session: New York Time (EST)
ATR Threshold: Adjust based on market conditions; 5.0 suggested starting point for ES Mini on 15m.
Important:
This script only plots signals, it does not auto-execute trades.
Always backtest and paper trade before using live capital.
Volatility can vary; consider adjusting RSI and ATR filters based on market environment.
Credits:
Script designed based on confluence of price action, momentum, reversal structure, and volatility filtering principles used by professional traders.
Inspired by Candle Body Confluence (CBC) theory and Williams fractal techniques.
DC History & Daily Cross CountOkay, here is a technical document for the Pine Script indicator we developed. This can be used as a guide or description when publishing the script on TradingView or elsewhere.
Technical Document: SMA Cross Signals & Static DC History (Death Cross)
Version: 1.0
Date: April 14, 2025
Indicator Name: Specific Static DC History + Live Signals
Pine Script Version: 5
1. Overview
This TradingView indicator is designed to provide traders with visual signals for Simple Moving Average (SMA) crossovers, specifically focusing on the "Death Cross", while also presenting relevant historical context via a static data table and a real-time daily cross counter.
It combines several features:
Plotting of a fast and a slow Simple Moving Average (SMA).
Visual identification and marking of "Death Cross" events (Fast SMA crossing below Slow SMA) directly on the price chart.
A customizable table displaying static, pre-defined historical performance data of the S&P 500 following specific Death Crosses that occurred between 2016 and 2022.
An optional label that counts the total number of SMA crosses (both Golden Crosses and Death Crosses) occurring during the current trading day/session, including extended hours if enabled by the user on their chart.
2. Features
Customizable SMA Lengths: User-defined periods for both the Fast (default 50) and Slow (default 200) SMAs.
Death Cross Signals: Clear visual markers (red triangles above the bar and optional background shading) when the Fast SMA closes below the Slow SMA.
Optional SMA Plotting: Ability to show or hide the SMA lines themselves.
Static Historical Performance Table: Displays fixed historical return data (1 Week, 1 Month, 3 Months, 6 Months, 1 Year) following specific S&P 500 Death Crosses that occurred on 1/11/2016, 12/7/2018, 3/30/2020, and 3/14/2022. Note: This data is static and does not change based on the current chart.
Customizable Table Position: User can select the on-screen corner for the data table.
Daily SMA Cross Counter: Optionally displays a label showing the cumulative number of times the Fast SMA has crossed above (Golden Cross) or below (Death Cross) the Slow SMA during the current trading day/session.
Extended Hours Compatibility: The Daily Cross Counter includes crosses from pre-market and after-hours sessions if the user has "Extended Trading Hours" enabled on their TradingView chart settings.
3. Technical Explanation
SMA Calculation: The script uses the built-in ta.sma(source, length) function, calculating the Simple Moving Average based on the close price of each bar for the user-defined fastLen and slowLen.
Death Cross Detection: A Death Cross is detected using ta.crossunder(fastMA, slowMA). This function returns true on the first bar where the value of fastMA is less than the value of slowMA, after previously being greater than or equal to it. The comparison is based on the calculated SMA values at the close of each bar.
Golden Cross Detection: Similarly, ta.crossover(fastMA, slowMA) is used to detect Golden Crosses for the daily counter.
Visual Signals: The plotshape() function draws a red triangle above the bar where deathCross is true. The bgcolor() function applies a transparent red background to the bar where deathCross is true.
Static Table Data: The historical performance data for the 4 specified dates (Jan 2016 - Mar 2022) is hardcoded into array variables within the script. This data was derived from a prior analysis (based on the initially provided image, source likely Dow Jones Market Data or similar) and is not calculated dynamically from the chart. The script iterates through these arrays and populates a table object on the last bar.
Daily Cross Counter:
A var int dailyCrossCount variable holds the count, ensuring persistence across bars within a day.
ta.change(time("D")) detects the start of a new daily session based on the chart's symbol and session settings. When true, the dailyCrossCount is reset to 0.
On each bar, if either deathCross or goldenCross is true, the dailyCrossCount is incremented.
A label object displays the dailyCrossCount and is updated on the last bar (barstate.islast).
Extended Hours Inclusion: The script inherently uses the data series provided by the chart. If the chart is configured to include Extended Trading Hours (ETH), the close prices used for SMA calculations will reflect ETH data, and crosses occurring during ETH will be detected and counted.
4. Settings (Inputs)
Show Static Data Table (2016-2022) (Checkbox): Toggles the visibility of the table containing the fixed historical performance data. (Default: On)
Table Position (Dropdown): Selects the corner or side of the chart where the static data table will be displayed. (Default: top_right)
Plot 50/200 SMAs (Checkbox): Toggles the visibility of the Fast and Slow SMA lines on the chart. (Default: On)
Fast MA Length (Integer Input): Sets the lookback period for the Fast Simple Moving Average. (Default: 50)
Slow MA Length (Integer Input): Sets the lookback period for the Slow Simple Moving Average. (Default: 200)
Show Daily Cross Count (Checkbox): Toggles the visibility of the label displaying the number of SMA crosses detected during the current day's session. (Default: On)
5. How to Use / Interpretation
Apply the indicator to your desired chart (e.g., SPY, QQQ, /ES).
Use the plotted SMA lines (if enabled) and the red triangle/background signals to identify potential trend changes indicated by Death Crosses based on your chosen MA lengths. Remember that these are lagging indicators.
Refer to the static data table for historical context only. It shows how the S&P 500 performed following specific Death Crosses between 2016 and 2022. This data is fixed and does not predict future performance.
Use the "Today's SMA Crosses" label (if enabled) to gauge the frequency of interaction between the chosen SMAs during the current session. A higher number might indicate choppier conditions or potential shifts on the chart's timeframe.
Important: For the Daily Cross Counter to reflect pre-market/after-hours activity, ensure "Extended Trading Hours" (ETH) is enabled in your TradingView chart settings.
Be aware that the number of crosses detected by the script (based on bar closes) may differ from visual interpretations of lines touching intraday, especially on lower timeframes.
6. Limitations
Static Table Data: The performance data in the table is fixed to the 4 provided historical instances (2016-2022) and is not calculated dynamically or updated. It serves only as a historical reference point.
Lagging Indicators: Moving Averages and their crosses are lagging indicators and may not signal trend changes precisely at tops or bottoms.
Cross Calculation: Crosses are based on the closing price of each bar. Intraday price movements briefly piercing an SMA may not register as a confirmed cross.
Daily Counter Definition: The definition of "Today" depends on the chart's session timing, which might not align perfectly with a calendar day.
Whipsaws: On lower timeframes or during volatile periods, MA crosses can generate frequent signals (whipsaws) which may be less reliable.
7. Disclaimer
This indicator is provided for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Trading involves significant risk, and past performance (including the historical data presented in the table) is not indicative of future results. Always conduct your own thorough research and consult with a qualified financial advisor before making any trading decisions.
BIX Candle MarkerBIX Candle Marker (by Bogdan Ilie)
"BIX Candle Marker" is a visual indicator designed to automatically mark the High and Low levels of specific candles at user-defined times and sessions directly on the main chart, facilitating easy intraday analysis.
**How does it work?**
- The indicator automatically fetches the High and Low values from a user-specified timeframe and draws horizontal lines at these levels at precise user-defined session times.
- You can configure up to 4 different sessions per trading day, each with its own customizable color and timing.
- Marked levels are automatically reset at the start of each new trading day.
**Customizable Settings:**
- **Timezone Offset:** Adjust the indicator according to your chart's timezone.
- **Candle Time Frame:** Choose the timeframe from which the candle data will be extracted.
- **Marker Length:** Set the length (number of bars) of the displayed horizontal lines.
- **Line Thickness & Style:** Customize the thickness and style of the lines (solid, dotted, dashed).
- **Sessions (1-4):** Independently configure the hour, minute, and color for each of the four possible sessions.
**Suggested Use:**
- Quickly identify intraday support and resistance levels based on key session candles.
- Ideal for breakout and reversal-based trading strategies.
---
**Disclaimer:**
This indicator is intended solely for chart analysis and educational purposes. It does not constitute financial advice. Always use it in conjunction with your personal trading strategy and risk management practices.
Author: Bogdan Ilie
Pine Script Version: v6
License: Mozilla Public License 2.0
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BIX Candle Marker (by Bogdan Ilie)
"BIX Candle Marker" este un indicator vizual care marchează automat nivelurile High și Low ale lumânărilor specifice din sesiuni predefinite pe graficul principal, facilitând analiza punctelor-cheie intraday.
**Cum funcționează?**
- Indicatorul preia automat nivelurile maxime și minime dintr-un timeframe personalizabil și afișează linii orizontale pentru aceste nivele exact la orele și minutele configurate.
- Permite definirea a până la 4 sesiuni diferite într-o zi, fiecare având culori și setări proprii.
- Liniile marcate se resetează automat la începutul fiecărei zile de tranzacționare.
**Setări personalizabile:**
- **Timezone Offset:** ajustează indicatorul în funcție de fusul orar al graficului.
- **Candle Time Frame:** selectează timeframe-ul din care se vor prelua datele.
- **Marker Length:** stabilește lungimea (numărul de bare) liniilor orizontale afișate.
- **Line Thickness & Style:** grosimea și stilul liniilor pot fi personalizate (solid, punctat, întrerupt).
- **Sesiuni (1-4):** ora, minutul și culoarea fiecărei sesiuni pot fi configurate independent.
**Sugestii de utilizare:**
- Folosește indicatorul pentru a identifica rapid zonele de suport și rezistență create de lumânări-cheie pe parcursul zilei.
- Poate fi util pentru strategii bazate pe breakout sau reversal.
---
**Disclaimer:**
Acest indicator este destinat exclusiv analizei grafice și nu reprezintă sfaturi financiare. Utilizează-l împreună cu propriile strategii și tehnici de gestionare a riscului.
Autor: Bogdan Ilie
Versiune Pine Script: v6
Licență: Mozilla Public License 2.0
Killzones & Previous High-Low Liquidity [odnac]This indicator is designed for use in intraday trading to visualize key "Killzones" (specific time windows during different global market sessions) and highlight liquidity levels based on previous highs and lows from the previous day and week.
It helps traders identify potential market entry and exit points based on time-based trading zones and price action levels.
Key Features:
Killzone (Market Session Timeframes):
Asia (2000-0000 UTC): Displays a shaded box over the Asia trading session.
Europe (0200-0500 UTC): Highlights the European trading session.
New York AM (0830-1100 UTC): Represents the morning session of the NY market.
New York PM (1330-1600 UTC): Represents the afternoon session of the NY market.
Each of these timeframes can be customized in terms of session start and end times, and the shaded areas will help identify high liquidity periods when the market tends to be more active.
Previous High-Low Liquidity Zones:
Previous Week's High/Low: Displays lines at the high and low of the previous week.
These are important liquidity levels that can influence price action.
Previous Day's High/Low: Shows the high and low from the previous trading day.
These are also significant levels to watch for potential support and resistance.
Filters and Customization:
Position Filtering: The indicator allows users to filter out previous highs or lows if the current price doesn't align with those levels.
For example, it can filter out previous week highs if the current price is lower than that level.
Vertical Lines: Optional vertical lines to highlight key time points such as the start and end of the previous week and day.
How It Works:
The indicator visually draws "killzones" as shaded regions on the chart, indicating periods of increased market activity.
This can help traders align their strategies with the most liquid periods of the day.
The previous high and low lines (both for the previous week and the previous day) are drawn as solid lines and can be toggled on/off in the settings.
Labels are added to indicate the specific levels and periods.
The indicator provides clear visual cues, helping traders assess if the price is near important liquidity levels and whether the current market conditions align with those levels.
Customizable Settings:
You can control whether each Killzone and liquidity level is shown on the chart.
Color customization for the various zones and lines is also available.
The indicator also lets you decide whether to hide weekend data, set time-frame limits, and choose whether or not to show vertical lines at the beginning and end of each trading session.
This indicator is aimed at traders who want to trade based on high-liquidity periods and understand where key support and resistance levels are likely to emerge based on previous price action.
NY 5M ORB-COMEX OpenThe indicator is designed to display dynamic and static key market levels, including Opening Range Breakout (ORB) levels, Initial Daily Range (IDR), and other important session levels. It offers extensive customization to accommodate a variety of trading strategies and sessions, all while providing an adaptable user interface for traders to personalize their charts.
#### Key Features:
1. **Session Timings**:
- The script allows you to define regular and extended market hours. These timings can be adjusted using input fields for the market open range, session start, and session end times, with default settings for the U.S. stock market.
2. **Opening Range Breakout (ORB)**:
- You can enable or disable lines for the High/Low (H/L) and Open/Close (O/C) of the first 5-minute candle, which are key for ORB strategies.
- Optional middle lines are provided for both H/L and O/C, offering additional reference points for price action.
3. **Multiple Plot Styles and Line Types**:
- The script includes customization for line styles (Solid, Dashed, or Dotted) and colors for ORB, IDR, and session markers, giving traders flexibility in visualizing key market levels.
4. **Dynamic and Static Levels**:
- Users can choose to display either dynamic or static lines for additional price levels that extend throughout the session. Dynamic levels automatically adapt based on the session’s high and low, while static levels are manually configured.
- These lines can also display labels with the option to turn on or off their visibility.
5. **Custom Time Zone and Session Adjustments**:
- The script offers full flexibility in adjusting session timings based on different time zones, which is crucial for global traders working in different markets.
6. **Background Shading**:
- You can add shading between high and low levels for a more visual representation of ranges during specific sessions (e.g., ORB or IDR), and customize the color and transparency of this background.
7. **Comex Open Indicator**:
- An additional feature highlights the Comex Open, with optional labels, making it useful for traders who follow commodities markets.
#### Known Issues:
- The indicator requires a chart with intraday time frames (e.g., 1-minute, 5-minute) for accurate display.
- Extensive customization may lead to performance issues on lower-end machines or in high-frequency chart environments due to the number of drawn elements (lines, boxes, labels).
This indicator is suitable for advanced traders who need detailed control over their session timing and price level analysis, with multiple layers of customization for visualizing key market behaviors.
Asian H&L v2 [notRolee]🔥 Asian H&L Indicator:
This indicator is designed to mark the highs and lows of the Asian trading session directly on your chart, helping traders identify key price levels from this important session. The indicator automatically detects the high and low points during the Asian market hours and visually highlights these levels, making it easy to reference them throughout the trading day.
💎 How It Works:
- Asian Session Highs and Lows: The indicator captures the price action within the Asian session (from to in UTC+2) and plots horizontal lines at the highest and lowest price points recorded during that period, but you can change the time zone anytime.
- Dynamic Adjustments: As price action unfolds during the Asian session, the indicator updates the high and low points in real-time, ensuring you are always viewing the most accurate data.
- Visual Customization: The highs and lows are highlighted using distinct colors and line styles to easily distinguish them on your chart, with past session levels optionally being displayed for reference. This makes it simple to identify key zones of support and resistance derived from the Asian session’s price action.
✅ How to Use It:
- Support and Resistance: The Asian session highs and lows often serve as important support and resistance levels throughout the rest of the trading day. Traders can look for price to respect or break these levels, which can signal potential trade opportunities.
- Breakout Strategies: When the price breaks above the Asian high or falls below the Asian low, it may indicate a breakout, suggesting a continuation of the move. Traders can use these breakouts as entry points into trending markets.
- Range-Bound Trading: If the price remains between the Asian high and low, this can indicate a range-bound market. Traders might look for opportunities to trade reversals near these levels, using them as boundaries for taking profits or placing stop-losses.
- Confluence with Other Indicators: The Asian session levels can also be used alongside other indicators to provide confirmation of trade setups. For instance, you could combine this indicator with trend indicators or oscillators to improve your entry and exit points.
🔑 Conclusion:
This indicator offers a structured approach to trading around one of the most critical sessions of the global market. By marking the Asian highs and lows, it helps traders make informed decisions by leveraging key support and resistance zones that influence price action as other sessions (such as London and New York) begin.
If you have any questions about this indicator, let me know in the comment section.
-notRolee
MultiTimeFrame Trends and Candle Bias (by MC) v1This MultiTimeFrame Trends and Candle Bias provides the trader a quick glance on how each timeframe is trending and what the current candle bias is in each timeframe.
Interpreting Candle Bias : Green points to a bullish bias while red, a bearish bias for a given specific timeframe. For instance, if the current 1 hour candle bias is red, it means that the last hour, the bias has been bearish. If the Daily candle bias is red, it means that the day in question has been a bearish for this selected symbol.
Interpreting MTF Trends: Trends for each time frame follows the simple moving average of the closing prices for the X number of candles you enter in the input section. So for example, if you decide to enter 6 for the 1-hour time frame, the trend for the last 6 hours will be shown and tracked; if on the Daily time frame, you enter 7, the trend for the last 7 days or 1 week will be shown and tracked. I have provided below (as well as on tooltips in the input section of this indicator) recommendations of what numbers to use depending on what kind of trader you are.
What is a best setup for MultiTimeFrame Trends?
Considerations Across All Timeframes:
- Trading Style : Scalpers and very short-term intraday traders may prefer fewer candles (like 12 to 20), which allow them to react quickly to price changes. Swing traders or those holding positions for a few hours to a couple of days might prefer more candles (like 50 to 120) to identify more stable trends.
- Market Conditions : In volatile markets, using more candles helps smooth out price fluctuations and provides a clearer trend signal. In trending markets, fewer candles might be sufficient to capture the trend.
- Session-Based Adjustments : Traders may adjust their settings depending on the time of day or session they are trading. For example, during high-volatility periods like market open or close, using fewer candles can help capture quick moves.
The number of preceding candles to use for estimating the recent trend can depend on various factors, including the type of market, the asset being traded, the timeframe, and the specific goals of your analysis. However, here are some general guidelines to help you decide:
### 1. **Short-Term Trends (Fast Moving Averages):**
- **5 to 20 Candles**: If you want to capture a short-term trend, typically in day trading or scalping strategies, you might use 5 to 20 candles. This is common for fast-moving averages like the 9-period or 15-period moving averages. It reacts quickly to price changes, but it can also give more false signals due to market noise.
### 2. **Medium-Term Trends (Moderate Moving Averages):**
- **20 to 50 Candles**: For a more balanced approach that reduces the impact of short-term volatility while still being responsive to trend changes, 20 to 50 candles are commonly used. This range is popular for swing trading strategies, where the goal is to capture trends that last several days to weeks.
### 3. **Long-Term Trends (Slow Moving Averages):**
- **50 to 200 Candles**: To identify long-term trends, such as those seen in position trading or for confirming major trend directions, you might use 50 to 200 candles. The 50-period and 200-period moving averages are particularly well-known and are often used by traders to identify significant trend reversals or confirmations.
### 4. **Adaptive Approach:**
- **Market Conditions**: In trending markets, fewer candles might be needed to identify a trend, while in choppy or range-bound markets, using more candles can help filter out noise.
- **Volatility**: In highly volatile markets, more candles might be necessary to smooth out price action and avoid false signals.
### **Experiment and Backtesting:**
The optimal number of candles can vary significantly based on the asset and strategy. It's often a good idea to backtest different periods to see which provides the best balance between responsiveness and reliability in identifying trends. You can use tools like the strategy tester in TradingView or other backtesting software to compare the performance of different settings.
### **General Recommendation:**
- **For Shorter Timeframes** (e.g., 5m, 15m): 10-20 candles might be effective.
- **For Medium Timeframes** (e.g., 1h, 4h): 20-50 candles are often a good starting point.
- **For Longer Timeframes** (e.g., Daily, Weekly): 50-200 candles help capture major trends.
If you're unsure, a common starting point for many traders is the 20-period moving average, which provides a balance between sensitivity and reliability.
Guidelines for 1-Minute Timeframe:
For the 1-minute (1M) timeframe, trend analysis typically focuses on very short-term price movements, which is crucial for scalping and ultra-short-term trading strategies. Here’s a breakdown of the number of preceding candles you might use:
1. **Very Short-Term Trend:**
- **10 to 20 Candles (10 to 20 Minutes):** Using 10 to 20 candles captures about 10 to 20 minutes of price action. This range is suitable for scalpers who need to identify very short-term trends and make quick trading decisions.
2. **Short-Term Trend:**
- **30 to 60 Candles (30 to 60 Minutes):** This period covers 30 to 60 minutes of trading, making it useful for traders looking to understand the trend over a full trading hour. It helps capture price movements and trends that develop within a single hour.
3. **Intraday Trend:**
- **120 Candles (2 Hours):** Using 120 candles provides a view of the trend over approximately 2 hours. This is useful for traders who want to see how the market is trending throughout a larger portion of the trading day.
4. **Extended Intraday Trend:**
- **240 to 480 Candles (4 to 8 Hours):** This longer period gives a broader view of the intraday trend, covering 4 to 8 hours. It’s helpful for identifying trends that span a significant portion of the trading day, which can be useful for traders looking to align with the broader intraday movement.
**Considerations:**
- **High Sensitivity:** The 1-minute timeframe is highly sensitive to market movements, so shorter periods (10 to 20 candles) can capture rapid price changes but may also generate noise.
- **Market Volatility:** In highly volatile markets, using more candles (like 30 to 60 or more) helps smooth out the noise and provides a clearer trend signal.
- **Trading Style:** Scalpers will typically use shorter periods to make very quick decisions. Traders holding positions for a bit longer, even within the same day, may use more candles to get a clearer picture of the trend.
**Common Approaches:**
- **5-Period Moving Average:** The 5-period moving average on a 1-minute chart can be used for extremely short-term trend signals, reacting quickly to price changes.
- **20-Period Moving Average:** The 20-period moving average is a good choice for capturing short-term trends and can help filter out some of the noise while still being responsive.
- **50-Period Moving Average:** The 50-period moving average provides a broader view of the trend and can help smooth out price movements over a longer intraday period.
**Recommendation:**
- **Start with 10 to 20 Candles:** For the most immediate and actionable signals, especially useful for scalping or very short-term trading.
- **Use 30 to 60 Candles:** For a clearer view of trends that develop over an hour, suitable for those looking to trade within a single trading hour.
- **Consider 120 Candles:** For observing broader intraday trends over 2 hours, helping align trades with more significant intraday movements.
- **Explore 240 to 480 Candles:** For a longer intraday perspective, covering up to 8 hours, which can be useful for strategies that span a larger portion of the trading day.
**Practical Example:**
- **Scalpers:** If you’re executing trades every few minutes, start with 10 to 20 candles to get rapid trend signals.
- **Short-Term Traders:** For trends that last an hour or so, 30 to 60 candles will provide a better sense of direction while still being responsive.
- **Intraday Traders:** For broader trends that span several hours, 120 candles will help you see the overall intraday movement.
Experimentation and backtesting with these settings on historical data will help you fine-tune your approach to the 1-minute timeframe for your specific trading strategy and asset.
Guidelines for 5, 15 and 30 min Timeframes:
For shorter timeframes like 5, 15, and 30 minutes, the number of preceding candles you use will depend on how quickly you want to react to changes in the trend and the specific trading style you’re employing. Here's a breakdown for each:
**5-Minute Timeframe:**
1. **Very Short-Term (Micro Trend):**
- **12 to 20 Candles (60 to 100 Minutes):** Using 12 to 20 candles on a 5-minute chart captures 1 to 1.5 hours of price action. This is ideal for very short-term trades, such as scalping, where quick entries and exits are key.
2. **Short-Term Trend:**
- **30 to 60 Candles (150 to 300 Minutes):** This period covers 2.5 to 5 hours, making it useful for intraday traders who want to identify the trend within a trading session. It helps capture the direction of the market during the most active parts of the day.
3. **Intra-Day Trend:**
- **120 Candles (10 Hours):** Using 120 candles gives you a broad view of the trend over two trading sessions. This is useful for traders who want to understand the trend throughout the entire trading day.
**15-Minute Timeframe:**
1. **Very Short-Term:**
- **12 to 20 Candles (3 to 5 Hours):** On a 15-minute chart, this period covers 3 to 5 hours, making it useful for capturing the morning or afternoon trend within a trading day. It’s often used by intraday traders who need to make quick decisions.
2. **Short-Term Trend:**
- **30 to 60 Candles (7.5 to 15 Hours):** This covers almost a full trading day to a day and a half. It’s popular among day traders who want to align their trades with the trend of the day or the previous trading session.
3. **Intra-Week Trend:**
- **120 Candles (30 Hours):** This period spans about two trading days and is useful for traders looking to capture trends that may extend beyond a single trading day but not necessarily for an entire week.
**30-Minute Timeframe:**
1. **Short-Term Trend:**
- **12 to 20 Candles (6 to 10 Hours):** This period captures the trend over a single trading session. It's useful for day traders who want to understand the market’s direction throughout the day.
2. **Medium-Term Trend:**
- **30 to 50 Candles (15 to 25 Hours):** This period covers about two trading days and is useful for short-term swing traders or intraday traders who are looking for trends that might last a couple of days.
3. **Intra-Week Trend:**
- **100 to 120 Candles (50 to 60 Hours):** This longer period captures about 4 to 5 trading days, making it useful for traders who want to understand the broader trend over the course of the week.
**Summary Recommendations:**
- **5-Minute Chart:**
- **12 to 20 candles** for very short-term trades.
- **30 to 60 candles** for intraday trends within a single session.
- **120 candles** for a broader view of the day’s trend.
- **15-Minute Chart:**
- **12 to 20 candles** for short-term trades within a few hours.
- **30 to 60 candles** for trends lasting a full day or more.
- **120 candles** for trends extending over a couple of days.
- **30-Minute Chart:**
- **12 to 20 candles** for understanding the daily trend.
- **30 to 50 candles** for trends over a couple of days.
- **100 to 120 candles** for an intra-week trend view.
Experimenting with these settings and backtesting on historical data will help you find the optimal number of candles for your specific trading style and the assets you trade.
Guidelines for 1H Timeframes:
When analyzing trends on a 1-hour (1H) timeframe, you're focusing on short to medium-term trends, often used by day traders and short-term swing traders. Here’s how you can approach selecting the number of preceding candles:
1. **Short-Term Trend:**
- **14 to 21 Candles (14 to 21 Hours):** Using 14 to 21 candles on a 1-hour chart captures roughly half a day to a full day of trading activity. This range is ideal for day traders who want to identify short-term momentum and trend changes within a single trading day.
2. **Medium-Term Trend:**
- **50 Candles (2 Days):** A 50-period moving average on a 1-hour chart covers about two days of trading. This period is popular for identifying trends that may last a couple of days, making it useful for short-term swing traders.
3. **Longer-Term Trend:**
- **100 Candles (4 Days):** Using 100 candles gives you a broader view of the trend over about four days of trading. This is helpful for traders who want to align their trades with a more sustained trend that spans the entire week.
4. **Very Short-Term (Micro Trend):**
- **7 to 10 Candles (7 to 10 Hours):** For traders looking to capture micro trends or very short-term price movements, using 7 to 10 candles can provide a quick look at recent price action. This is often used for scalping or very short-term intraday strategies.
**Considerations:**
- **Market Volatility:** In highly volatile markets, using more candles (like 50 or 100) helps smooth out noise and provides a clearer trend signal. In less volatile conditions, fewer candles may suffice to capture trends.
- **Trading Style:** If you are a day trader looking for quick moves, shorter periods (like 7 to 21 candles) might be more suitable. For those who hold positions for a day or two, longer periods (like 50 or 100 candles) can provide better trend confirmation.
- **Asset Class:** The optimal number of candles can vary depending on the asset
Guidelines for 4H Timeframes:
When analyzing trends on a 4-hour (4H) timeframe, you’re generally looking to capture short to medium-term trends. This timeframe is popular among swing traders and intraday traders who want to balance between catching more significant market moves and not being too sensitive to noise. Here's how you can approach selecting the number of preceding candles:
1. **Short-Term Trend:**
- **14 to 21 Candles (2 to 3 Days):** Using 14 to 21 candles on a 4-hour chart covers roughly 2 to 3 days of trading activity. This range is ideal for traders looking to capture short-term momentum, especially in markets where price action can move quickly within a few days.
2. **Medium-Term Trend:**
- **50 Candles (8 to 10 Days):** A 50-period moving average on a 4-hour chart represents approximately 8 to 10 days of trading (considering 6 trading periods per day). This period is popular among swing traders for identifying trends that develop over the course of one to two weeks.
3. **Longer-Term Trend:**
- **100 Candles (16 to 20 Days):** Using 100 candles gives you a broader view of the trend over about 3 to 4 weeks. This is useful for traders who want to align their trades with the more sustained market direction while still remaining responsive to recent changes.
**Considerations:**
- **Market Conditions:** In a trending market, fewer candles (like 14 or 21) may be enough to identify the trend, allowing for quicker responses to price movements. In a more volatile or range-bound market, using more candles (like 50 or 100) can help smooth out noise and avoid false signals.
- **Trading Style:** If you are an intraday trader, shorter periods (14 to 21 candles) may be preferable, as they allow for quick entries and exits. Swing traders might lean towards the 50 to 100 candle range to capture trends that last several days to a few weeks.
- **Volatility:** The higher the volatility of the asset, the more candles you might want to use to ensure that the trend signal is not too erratic.
**Common Approaches:**
- **20-Period Moving Average:** A 20-period moving average on a 4-hour chart is often used by traders to capture short-term trends that align with momentum over the past few days.
- **50-Period Moving Average:** The 50-period moving average is widely used on the 4-hour chart to track medium-term trends. It provides a good balance between reacting to new trends and avoiding too many whipsaws.
- **100-Period Moving Average:** The 100-period moving average offers insight into the longer-term trend on the 4-hour chart, helping to filter out short-term noise and confirm the overall market direction.
**Recommendation:**
- **Start with 20 Candles for Short-Term Trends:** This period is useful for capturing quick movements and short-term trends over a couple of days.
- **Use 50 Candles for Medium-Term Trends:** This is a standard setting that provides a balanced view of the market over about 1 to 2 weeks.
- **Consider 100 Candles for Longer-Term Trends:** This helps to identify more significant trends that have persisted for a few weeks.
**Practical Example:**
- **Intraday Traders:** If you’re focused on shorter-term trades and need to react quickly, using 14 to 21 candles will help you capture the most recent momentum.
- **Swing Traders:** If you’re looking to hold positions for several days to a few weeks, starting with 50 candles will give you a clearer picture of the trend over that period.
- **Position Traders:** For those holding positions for a longer duration within a month, using 100 candles helps to align with the broader trend while still being responsive enough for 4-hour price movements.
Backtesting these settings on your chosen asset and strategy will help refine the optimal number of candles for your specific needs.
Guidelines for Daily Timeframes:
When analyzing trends on a daily timeframe, you're typically focusing on short to medium-term trends. Here’s how you can determine the optimal number of preceding candles:
1. **Short-Term Trend:**
- **10 to 20 Candles (2 to 4 Weeks):** Using 10 to 20 daily candles captures about 2 to 4 weeks of price action. This is commonly used for identifying short-term trends, ideal for swing traders or those looking for quick entries and exits within a month.
2. **Medium-Term Trend:**
- **50 Candles (2 to 3 Months):** The 50-day moving average is a classic choice for capturing medium-term trends. This period covers about 2 to 3 months of trading days and is often used by swing traders and investors to identify the trend over a quarter or a season.
3. **Long-Term Trend:**
- **100 to 200 Candles (4 to 9 Months):** For longer-term trend analysis, using 100 to 200 daily candles gives you a broader perspective, covering approximately 4 to 9 months of price action. The 200-day moving average, in particular, is widely used by investors to determine the overall long-term trend and to assess market health.
**Considerations:**
- **Market Volatility:** In more volatile markets, using a larger number of candles (e.g., 50 or 200) helps smooth out noise and provides a more reliable trend signal. In less volatile markets, fewer candles might be sufficient to capture trends effectively.
- **Trading Style:** Day traders might prefer shorter periods (like 10 or 20 candles) for quicker signals, while position traders and longer-term swing traders might opt for 50 to 200 candles to focus on more sustained trends.
- **Asset Class:** The optimal number of candles can also depend on the asset class. For example, equities might have different optimal settings compared to forex or cryptocurrencies due to different volatility characteristics.
**Common Approaches:**
- **20-Period Moving Average:** The 20-day moving average is a popular choice for short-term trend analysis. It’s widely used by traders to identify the short-term direction and to make quick trading decisions.
- **50-Period Moving Average:** The 50-day moving average is a staple for medium-term trend analysis, often used as a key indicator for both entry and exit points in swing trading.
- **200-Period Moving Average:** The 200-day moving average is crucial for long-term trend identification. It's commonly used by investors and is often seen as a major support or resistance level. When the price is above the 200-day moving average, the market is generally considered to be in a long-term uptrend, and vice versa.
**Recommendation:**
- **Start with 20 Candles for Short-Term Trends:** This period is commonly used for identifying recent trends within the last few weeks.
- **Use 50 Candles for Medium-Term Trends:** This provides a good balance between responsiveness and stability, making it a good fit for most swing trading strategies.
- **Use 200 Candles for Long-Term Trends:** This period is ideal for long-term analysis and is particularly useful for investors looking at the overall market trend.
**Practical Example:**
- If you’re trading equities and want to catch short-term trends, start with 20 candles to identify trends that have developed over the past month.
- If you’re more focused on medium to long-term trends, consider using 50 or 200 candles to ensure you’re aligned with the broader market direction.
Experimenting with these periods and backtesting on historical data will help you determine the best setting for your particular strategy and the asset you're analyzing.
Guidelines for Weekly Timeframes:
When analyzing trends on a weekly timeframe, you're typically looking at intermediate to long-term trends. Here's how you might approach selecting the number of preceding candles:
1. **Intermediate-Term Trend:**
- **13 to 26 Candles (3 to 6 Months):** Using 13 to 26 weekly candles corresponds to a period of 3 to 6 months. This range is effective for identifying intermediate-term trends, which is suitable for swing traders or those looking to hold positions for several weeks to a few months.
2. **Medium-Term Trend:**
- **26 to 52 Candles (6 Months to 1 Year):** For a broader view, you might use 26 to 52 weekly candles. This represents 6 months to 1 year of price data, which is helpful for understanding the market’s behavior over a medium-term period. This range is commonly used by swing traders and position traders who are interested in capturing trends lasting several months.
3. **Long-Term Trend:**
- **104 Candles (2 Years):** Using 104 weekly candles gives you a 2-year perspective. This can be useful for long-term trend analysis, particularly for investors or those looking to identify major trend reversals or continuations over a more extended period.
**Considerations:**
- **Market Type:** In trending markets, fewer candles (like 13 or 26) may work well, capturing the trend more quickly. In choppier or range-bound markets, using more candles can help reduce noise and avoid false signals.
- **Asset Class:** The optimal number of candles can vary depending on the asset class. For example, equities might benefit from a slightly shorter lookback period compared to more volatile assets like commodities or cryptocurrencies.
- **Volatility:** If the market or asset you're analyzing is highly volatile, using a higher number of candles (like 52 or 104) can help smooth out price fluctuations and provide a more stable trend signal.
**Common Approaches:**
- **20-Period Moving Average:** A 20-week moving average is popular among traders for identifying the intermediate trend. It’s responsive enough to capture significant trend changes while filtering out short-term noise.
- **50-Period Moving Average:** The 50-week moving average is often used to identify longer-term trends and is commonly referenced in both technical analysis and by longer-term traders.
- **200-Period Moving Average:** Although less common on weekly charts compared to daily charts, a 200-week moving average can be used to identify very long-term trends, such as multi-year market cycles.
**Recommendation:**
- **Start with 26 Candles:** This gives you a half-year perspective and is a good starting point for most analyses on a weekly timeframe. It balances sensitivity to recent trends with the ability to capture more significant, sustained movements.
- **Adjust Based on Backtesting:** You can increase the number of candles to 52 if you find that you need more stability in the trend signal, or decrease to 13 if you're looking for a more responsive signal.
Experimenting with different periods and backtesting on historical data can help determine the best setting for your specific strategy and asset class.
Guidelines for Monthly Timeframes:
For analyzing trends on monthly timeframes, you would generally be looking at much longer periods to capture the broader, long-term trend. Here's how you can approach it:
1. **Long-Term Trend (Primary Trend):**
- **12 to 24 Candles (1 to 2 Years):** Using 12 to 24 monthly candles corresponds to a period of 1 to 2 years. This is typically sufficient to identify long-term trends and is commonly used by long-term investors or position traders who are interested in the overall direction of the market or asset over multiple years.
2. **Very Long-Term Trend (Secular Trend):**
- **36 to 60 Candles (3 to 5 Years):** To capture very long-term secular trends, you might use 36 to 60 monthly candles. This would represent a time frame of 3 to 5 years and is often used for understanding macroeconomic trends or very long-term investment strategies.
3. **Ultra Long-Term Trend:**
- **120 Candles (10 Years):** In some cases, especially for assets like indices or commodities that are analyzed over decades, using 120 monthly candles can help in identifying ultra long-term trends. This would be appropriate for strategic investors or those looking at generational market cycles.
**Considerations:**
- **Volatility and Stability:** Monthly timeframes generally smooth out short-term volatility, but they can also be slow to react to changes. Using a larger number of candles (e.g., 24 or more) can help ensure that the trend signal is robust and not prone to frequent whipsaws.
- **Asset Class:** The choice of period might also depend on the asset class. For instance, equities might require fewer candles compared to commodities or currencies, which can exhibit different trend dynamics.
- **Market Phases:** In different market phases (bullish, bearish, or sideways), the number of candles might need to be adjusted. For instance, in a strongly trending market, fewer candles might still provide a reliable trend indication, whereas in a more volatile or ranging market, more candles might be needed to smooth out the data.
**Common Approaches:**
- **50-Period Moving Average:** A 50-month moving average is popular among long-term traders and investors for identifying the primary trend. It offers a balance between capturing the overall trend and being responsive enough to significant changes.
- **200-Period Moving Average:** Although rarely used on a monthly chart due to the long timeframe it represents (over 16 years), it can be useful for identifying very long-term secular trends, especially for broad market indices or in macroeconomic analysis.
**Recommendation:**
- **Start with 24 Candles:** This gives you a 2-year perspective on the trend and is a good starting point for most long-term analyses on monthly charts. Adjust upwards if you need a broader trend view, depending on the stability and nature of the asset you're analyzing.
Experimentation and backtesting with your specific asset and strategy can help fine-tune the exact number of candles that work best for your analysis on a monthly timeframe.
itradesize /\ Previous Liquidity x ICTI’d like to introduce a clean and simple RTH gap and liquidity levels indicator with additional Asian and London ranges, along with standard deviation levels and many customizable options.
Previous D/W/M highs and lows are areas where liquidity tends to accumulate. This is because many traders place stop-loss orders around these levels, creating a concentration of buy stops above the previous day's high and sell stops below the previous day's low. High-frequency trading algorithms and institutional traders often target these areas to capture liquidity.
What the indicator could show in summary?
- Regular trading hours gap with deviations
- Asia with deviations (lines or boxes)
- London with deviations (lines or boxes)
- Weekdays on chart
- 3 AM candle marker
- Previous D/W/M levels
- Important opening times (08:00, 09:30, 10:00, 14:00, 00:00, 18:00)
- Daily separators
By marking out the previous day's highs and lows, traders can create a framework for their trading day. This helps in identifying potential setups and understanding where significant price action might occur. It also aids in filtering out noise and focusing on the most relevant price levels.
These levels can also act as potential reversal points. When the market reaches a previous high or low, it might reverse direction, especially if it has raided the liquidity resting there. This concept is part of a strategy where traders look for the market to raid these levels and then reverse, providing trading opportunities
The indicator shows previous liquidity levels on a daily, weekly, and monthly basis. It also displays opening times at 8:30, 9:30-10:00, 14:00-00:00, and 18:00. Opening times are crucial in trading because they help define specific periods when market activity is expected to be higher, which can lead to better trading opportunities. The script has been made mostly for indices.
You can create various entry and exit strategies based on the indicator. Please remember, that adequate knowledge of ICT is necessary for this to be beneficial.
You might wonder why only these times are shown. This is because these are the times when the futures market is active or should be active. It's important to note that opening times can vary between different asset classes.
18:00 A new daily candle open
00:00 Midnight open
02:00 New 4-hour candle open
08:30 High-impact news
09:30 NY Equities open
10:00 New 4-hour candle open
The concept of "Asian Killzone Standard Deviations" involves using the Asian trading session's price range to project potential price movements during subsequent trading sessions, such as the London or New York sessions. This is done by calculating standard deviations from the Asian range, which can help traders identify potential support and resistance levels.
You can create a complete model by exclusively focusing on the Asian time zone. Deviations within this zone may have varying impacts on future price movements, and the Interbank Price Delivery Agreement (IPDA) often reflects Asia's high, close, and low prices.
A similar approach can be taken with the London time zone. The standard deviation levels within each zone could potentially serve as support or indicate reversals, including liquidity hunts. It's important to backtest these ideas to gain reliable insights into when and where to apply them.
* Asian Range: This is the price range established during the Asian trading session. It serves as a reference point for calculating standard deviations.
* London Range: The same applies to the London range as well. Combine standard deviation projections with other technical analysis tools, such as order blocks or fair value gaps, to enhance accuracy.
* Standard Deviations: These are statistical measures that indicate the amount of variation or dispersion from the average. In trading, they are used to project potential price levels beyond the current range.
You can also use regular trading hours gap as a standalone model. The 4 STDV and 2.5 STDV levels are important for determining the high or low of the current price action.
The RTH gap is created when there is a difference between the closing price of a market at the end of one trading day and the opening price at the start of the next trading day. This gap can be upward (gap higher), downward (gap lower), or unchanged. It is significant because it often indicates market sentiment and can create inefficiencies that traders look to exploit.
Alternatively, you can combine these elements to create a complete strategy for different scenarios.
Range Projections [TFO]The purpose of this indicator is to see how often price reached certain standard deviations from a selected time range. The inspiration for this was to study ICT (Inner Circle Trader) concepts regarding the Central Bank Dealer’s Range (CBDR), which is 2:00 pm - 8:00 pm New York local time according to ICT Core Content. However, the idea and data collection could certainly be applied to any range of time.
The main settings of this indicator are session time, range type, and the standard deviation filter. The session time is the window of price that will be utilized for range projections. The range type can be either body or wick (on the current timeframe). The standard deviation filter is used to eliminate sessions whose ranges (from high to low) are greater than the desired/input number of standard deviations from all available session ranges.
In this example, the time range is set to 16:00 - 20:00, or the time between the New York session close and the Asia session open. Our standard deviations are set to 1, 2, 2.5, and 4. Now, by taking this session’s price range and extrapolating these extensions from the initial range, we can use these levels to see if and how price interacts with them before the next 16:00 - 20:00 session.
Furthermore, we can enable the Data Table to analyze how often price trades to these levels for the sessions that are deemed valid (determined by the standard deviation filter). This time our standard deviations are set to 1, 2, 3, and 4.
This concept can theoretically be applied to any window of time. ICT has mentioned that, in instances where the CBDR is too large, the Asia range may be used instead. We can observe that the indicator behaves the same way when we change the session to the Asia range, 20:00 - 00:00.
Murder Algo Stats: last portion of Indices closing hour (S&P)Stats regarding the 'murder algo' (last 10mins of the closing hour). Works on all sub-1hr timeframes. Best used on 5min, 10min 15min timeframe. Ideal use on 10min timeframe.
Can be applied to other user input sessions also
What i'm calling the 'Murder Algo' is the tendency of dynamic lower time frame price action in the final 10minutes of the S&P closing hour (or any of the three major US indices: S&P, Nasdaq, Dow).
If there are un-met liquidity targets (i.e. clean highs or lows) as we come into the last portion of the closing hour, price has a tendency to stretch up or down to reach these targets, swiftly.
These statisitics are somewhat experimental/research; trying to quantify this tendency. Please comment below if you think of some additions / modifications that may prove useful.
//Purpose:
-To get statistics of the tendency to 'reach' of the final bar (10minute bar in the above) of the closing hour in Indices (3pm - 4pm NY time).
-Specifically to see how often price reaches for HH or LL in the final bar of the closing hour (most of the time); and to see how far it reaches one way when it does (Mean, median, mode).
//Notes:
-Two sets of historical stats; one is based on the 'solo reach' of the last bar; the other is based on the reach of the last bar from the average price of the preceding bars of the session (purple line in the above)
-Works on any timeframe below hourly. Ideally used on 10min timeframe, but may be interesting to plot on 15min or 5min timeframe also.
-Should also work on custom user-defined session; though this indicator was explicly designed to investigate the 'murder algo': that final rush and/or whipsaw tendency of price in the last few minutes of Regular trading on Indices.
-For S&P, best used on SPX, which gives the longest history of all the S&P variants due to only showing Regular trading hours bars (500 days of history on 10min timeframe, for premium users)
-For most stats, i've rounded to ES1! mintick (i.e. rounded to nearest quarter dollar) =>> This allows more meaningful values for 'mode' statistical measure.
-I trade S&P; but this 'muder algo' phenomenon also obviously presents in Nasdaq and Dow.
//User Inputs:
-Session time input (defaults to closing hour 3pm - 4pm NY time)
-Average method (for the average of all the input session EXCEPT the final bar)
-Toggle on/off Average line.
-other formatting options: text color, table position, line color/style/size.
Example usage with annotations on SPX 500 chart 15m timeframe; using closing hour (3pm-4pm NY time) as our session:
