Opal Title: Opal Lines
Short Title: Opal Lines
Description:
Opal Lines is a dynamic overlay indicator that plots horizontal price levels at the open of key market sessions throughout the trading day, based on Eastern Time (ET). Designed for traders who rely on session-based price action, it marks significant intraday events such as the European Open (3:00 AM ET), Gold Open (8:20 AM ET), Regular Market Open (9:30 AM ET), and Globex Open (6:00 PM ET), among others. Each line is color-coded and toggleable via inputs, allowing users to customize which sessions they want to track.
Unlike generic time-based tools, Opal Lines captures the opening price at precise minute intervals and extends these levels across the chart until the daily reset at 5:00 PM ET (except for the Globex line, which persists into the next day). This makes it ideal for identifying support/resistance zones, breakout levels, or reference points tied to major market openings. Traders can use it across forex, futures, equities, or commodities to align their strategies with global session dynamics.
Key Features:
Seven toggleable session lines with distinct colors for easy identification.
Time-specific logic using ET, adaptable to any chart timeframe.
Persistent lines that reset daily, with Globex extending overnight.
Lightweight and overlay-friendly, preserving chart clarity.
How to Use:
Add the indicator to your chart and enable the sessions relevant to your trading style. Watch for price interactions with these levels—e.g., bounces, breaks, or retests—especially during high-volume periods. Combine with other tools like volume or oscillators for confirmation.
Note: Ensure your chart’s timezone is set to “America/New_York” (ET) for accurate alignment.
Cari dalam skrip untuk "session"
HH&LL by SiriusProtected Script Notice
This script, "HH&LL by Sirius", is published as invite-only to protect its proprietary logic, which implements a refined detection mechanism for higher highs, lower lows, and liquidity points using advanced price action filtering. The underlying architecture integrates custom zone-based plotting, pivot analysis, and dynamic support/resistance tracking that is tailored for discretionary or rule-based trading. The source code is protected to preserve the originality and tactical advantages it provides in identifying significant market structure changes.
Overview
The "HH&LL by Sirius" indicator is a comprehensive market structure tool that identifies and labels key swing points—Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL)—to help traders visualize trend progression and potential reversal areas. It builds upon traditional pivot-based logic with extended historical comparisons, confirming points only when certain criteria are met to reduce noise and enhance reliability.
Key Features and Logic
Zigzag-like Market Structure Detection
The indicator derives its structure by calculating pivots and comparing sequences of highs/lows to identify meaningful HH, HL, LH, and LL patterns. These structures are refined through multi-level checks that validate each point using historical swing relationships.
Support and Resistance Zones (POIs)
Once structural points are confirmed, the script dynamically plots support (HLs) and resistance (LHs) lines that persist until invalidated by price. These Points of Interest (POIs) are labeled and include an optional hit-count system that displays how many times price has interacted with the level, providing insight into liquidity and potential breakout zones.
Label Customization and Visualization
Labels can include the price level, touch count, and confluence icons (e.g., 🐂 or 🐻) depending on configuration. Custom color settings allow for distinguishing bullish and bearish levels, and a separate logic manages label deletion or style change when a POI is invalidated.
Time-Based Session Filtering
The indicator supports two custom date ranges to filter plotting to specific market sessions. This is useful for focusing on key trading weeks or events. A background color option highlights active sessions.
All-Time High (ATH) Tracking
An optional feature tracks and plots the current all-time high on the chart. The ATH line includes extended styling options such as width, transparency band, and dynamic labeling on both sides of the chart.
Visual Outputs
Lines: Horizontal support and resistance lines drawn at HL and LH points, color-coded and styled based on user settings.
Labels: Detailed or minimalist annotations for POIs, touch count, and liquidity status. Labels can be positioned left/right and toggled for price visibility.
Zones: Optional background shading for specific date ranges, aiding in session-based analysis.
ATH Display: A prominently plotted line for all-time highs, including adjustable label and band features.
Trading Use Cases
Trend Confirmation: Use HH/HL or LH/LL sequences to confirm uptrends or downtrends.
Liquidity Traps and Sweeps: High POI hit counts or rapid invalidations can signal areas of engineered liquidity or breakout risk.
Zone-Based Confluence: Combine session filtering with structure plotting to find key zones of reversal or continuation.
Support/Resistance Breaks: Watch for price closing beyond a plotted POI to assess potential trend shifts or breakout opportunities.
Note
The script includes multiple internal optimizations and custom controls for advanced users. It is designed for traders seeking a deeper view of market structure beyond basic pivot plotting, with optional aesthetic and data visibility preferences to suit different trading workflows.
ICT First Presented FVG - NY Open [LuckyAlgo]
This indicator identifies the first Fair Value Gap (FVG) that occurs during the New York trading session, combined with NY session opening price levels. It's an essential tool for traders who follow ICT concepts and focus on the NY trading session.
ICT refers to this as the First Presented FVG, while other traders may call it the 9:30 FVG.
This indicator is best for the 1 minute timeframe, while 5 minute also works.
Detects and marks the first FVG of the NY session
Displays both bullish (green) and bearish (red) FVGs with customizable transparency
Shows the NY session opening price with clear labels
Includes optional vertical line at 9:30 AM NY open
Maintains clean chart visibility with adjustable maximum display days
Includes session date and time labels for easy reference
The indicator helps traders identify potential reversal zones and continuation opportunities by combining two powerful concepts: Fair Value Gaps and NY session opening price. This makes it particularly valuable for day traders and swing traders who want to capitalize on institutional order flow patterns during the most liquid trading session.
You can customize the indicator's appearance, including FVG box colors, time range display, and whether to show the NY open markers. This flexibility allows you to integrate it seamlessly with your existing trading setup.
Volume HighlightVolume Highlight
Description:
This script helps users analyze trading volume by:
1. Highlighting the highest volume bars:
• Trading sessions with volume equal to or exceeding the highest value over the last 20 periods are displayed in purple.
• Other sessions are displayed in light gray.
2. Displaying the 20-period SMA (Simple Moving Average):
• A 20-period SMA line of the volume is included to track the general trend of trading volume.
Key Features:
• Color-coded Highlights:
• Quickly identify trading sessions with significant volume spikes.
• 20-Period SMA Line:
• Observe the overall trend of trading volume.
• Intuitive Volume Bars:
• Volume bars are clearly displayed for easy interpretation.
How to Use:
1. Add the script to your chart on TradingView.
2. Look at the color of the volume bars:
• Purple: Sessions with the highest trading volume in the past 20 periods.
• Light gray: Other sessions.
3. Use the 20-period SMA line to analyze volume trends.
Purpose:
• Analyze market momentum through trading volume.
• Support trading decisions by identifying significant volume spikes.
Illustration:
• A chart showing color-coded volume bars and the 20-period SMA line.
ATT Model with Buy/Sell SignalsIndicator Summary
This indicator is based on the ATT (Arithmetic Time Theory) model, using specific turning points derived from the ATT sequence (3, 11, 17, 29, 41, 47, 53, 59) to identify potential market reversals. It also integrates the RSI (Relative Strength Index) to confirm overbought and oversold conditions, triggering buy and sell signals when conditions align with the ATT sequence and RSI level.
Turning Points: Detected based on the ATT sequence applied to bar count. This suggests high-probability areas where the market could turn.
RSI Filter: Adds strength to the signals by ensuring buy signals occur when RSI is oversold (<30) and sell signals when RSI is overbought (>70).
Max Signals Per Session: Limits signals to two per session to reduce over-trading.
Entry Criteria
Buy Signal: Enter a buy trade if:
The indicator displays a green "BUY" marker.
RSI is below the oversold level (default <30), suggesting a potential upward reversal.
Sell Signal: Enter a sell trade if:
The indicator displays a red "SELL" marker.
RSI is above the overbought level (default >70), indicating a potential downward reversal.
Exit Criteria
Take Profit (TP):
Define TP as a fixed percentage or point value based on the asset's volatility. For example, set TP at 1.5-2x the risk, or a predefined point target (like 50-100 points).
Alternatively, exit the position when price approaches a key support/resistance level or the next significant swing high/low.
Stop Loss (SL):
Place the SL below the recent low (for buys) or above the recent high (for sells).
Set a fixed SL in points or percentage based on the asset’s average movement range, like an ATR-based stop, or limit it to a specific risk amount per trade (1-2% of account).
Trailing into Profit
Use a trailing strategy to lock in profits and let winning trades run further. Two main options:
ATR Trailing Stop:
Set the trailing stop based on the ATR (Average True Range), adjusting every time a new candle closes. This can help in volatile markets by keeping the stop at a consistent distance based on recent price movement.
Break-Even and Partial Profits:
When the price moves in your favor by a set amount (e.g., 1:1 risk/reward), move SL to the entry (break-even).
Take partial profit at intermediate levels (e.g., 50% at 1:1 RR) and trail the remainder.
Risk Management for Prop Firm Evaluation
Prop firms often have strict rules on daily loss limits, max drawdowns, and minimum profit targets. Here’s how to align your strategy with these:
Limit Risk per Trade:
Keep risk per trade to a conservative level (e.g., 1% or lower of your account balance). This allows for more room in case of a drawdown and aligns with most prop firm requirements.
Daily Loss Limits:
Set a daily stop-loss that ensures you don’t exceed the firm’s rules. For example, if the daily limit is 5%, stop trading once you reach a 3-4% drawdown.
Avoid Over-Trading:
Stick to the max signals per session rule (one or two trades). Taking only high-probability setups reduces emotional and reactive trades, preserving capital.
Stick to a Profit Target:
Aim to meet the evaluation’s profit goal efficiently but avoid risky or oversized trades to reach it faster.
Avoid Major Economic Events:
News events can disrupt technical setups. Avoid trading around significant releases (like FOMC or NFP) to reduce the chance of sudden losses due to high volatility.
Summary
Using this strategy with discipline, a structured entry/exit approach, and tight risk management can maximize your chances of passing a prop firm evaluation. The ATT model’s turning points, combined with the RSI, provide an edge by highlighting reversal zones, while limiting trades to 1-2 per session helps maintain controlled risk.
ICT Time Levels Description:
The Time Levels Indicator is designed to enhance trading decisions by marking significant price levels at key times throughout the trading day. This indicator specifically focuses on three crucial times: 8:30 AM, 9:30 AM, and 10:00 AM (UTC-4), which are often associated with significant market movements.
Key Features:
Customizable Time Levels: Users can toggle the display of price levels at 8:30 AM, 9:30 AM, and 10:00 AM. Each level is marked with a line on the chart, which helps traders visually identify these critical points.
Style and Color Options: Customize the appearance of each time level with different line styles (solid, dotted, dashed) and colors to match your chart preferences.
Dynamic Labeling: The indicator automatically places a label at the current price level for each time, making it easier to identify and track these levels as the day progresses.
Real-Time Updates: As the trading session unfolds, the indicator adjusts the lines and labels to reflect the latest price data at the specified times.
How It Works:
At the specified times (8:30 AM, 9:30 AM, and 10:00 AM), the indicator captures the opening price and plots a horizontal line at that level.
These lines serve as reference points, helping traders to observe how the price interacts with these key levels throughout the day.
The lines and labels are fully customizable, allowing users to adapt the indicator to their trading style and visual preferences.
Use Cases:
Market Open Strategies: Traders can use the 9:30 AM level to monitor the opening price of the New York Stock Exchange (NYSE), which often sets the tone for the trading session.
Morning Volatility: The 8:30 AM and 10:00 AM levels can be useful for identifying potential support and resistance levels during periods of increased volatility, such as economic data releases or after the market opens.
This indicator is particularly useful for intraday traders who focus on morning trading sessions and want to have a clear visual reference to guide their decisions.
Note: This script is designed to be simple yet effective, providing traders with essential information without cluttering the chart.
Liquidity tool [Influxum]One of the most widespread concepts that can give you an edge when trading in the markets is liquidity. There are several ways to identify and plot liquidity. This indicator aims to show how liquidity can be plotted entirely objectively, thus laying the foundation for a consistent trading system.
Pivot
One of the ways to identify liquidity is using pivots. Pivots are candles that are locally the highest or the lowest. We identify them using strength, which is a number that determines how many candles to the left and right of the pivot candle are lower for a pivot high and higher for a pivot low. It is important to keep in mind that a pivot candle is only confirmed when the last candle to the right closes. If I have the pivot number set to 10, it means that a pivot high is a candle that has 10 lower candles on the left and 10 lower candles on the right. Only after the 10th candle to the right closes is the pivot candle confirmed as a pivot high. Within this indicator, the liquidity line is drawn at this moment.
Tip for traders:
If you work with liquidity from both lower and higher timeframes, try adding two Liquidity Tool indicators to your chart: set a lower pivot number, for example, 5 for one, and a higher pivot number, for example, 20 for the other. At the same time, adjust the line width for liquidity with a higher pivot number to a higher value. This way, you achieve a combination of liquidity from significant higher timeframe structures and lower timeframe structures.
Gann Swing
The Gann swing is another objective way to mark liquidity in the market. Unlike pivot liquidity, which is based on the highest highs or lowest lows of candles, the Gann swing is based on the highest or lowest closes. We then mark liquidity when the current candle closes above the highest close of the last few candles or below the lowest close of the last few candles. While a pivot high might only show a local extreme in price development, the Gann swing deals with the actual closing of the price. Liquidity points determined by the Gann swing may thus be more indicative of where the price actually wants to go, not just where it was at a particular moment before sharply rebounding (as with pivot liquidity).
Percent Change
One of the most objective ways to identify liquidity is the percentage change in price. We plot liquidity only in places where there has been a sufficiently large swing/significant price movement. This can be particularly relevant for filtering out moments when the price is moving within a narrow range. In such a situation, many pivot highs and lows or Gann swings can occur, which may be only a few pips or fractions of a percent apart. If you set it so that you want liquidity to be plotted only on a swing of 0.1% (for forex, where this is a sufficiently large movement), you can easily filter out moments when the price was moving in a narrow range.
Liquidity Session
For Pivot, Gann, and Percentage liquidity, you have the option to set a trading session. This determines the time period for which you want liquidity to be plotted. You might want to see only the liquidity from the Asian session, for example. Check the checkbox with BG. This will display the background for the currently selected session. You can then check if you are working only with the liquidity of your intended session.
Note:
Sometimes you may notice that liquidity lines start even outside the selected session. This is not a mistake. As mentioned above with pivot liquidity, if the pivot number (strength) is 10, we wait for the tenth candle to close before liquidity is confirmed. The pivot candle itself is thus located 10 candles back, and that is where the liquidity line also begins. However, the crucial moment for this indicator is when the liquidity point is confirmed.
Visual Settings
To customize the indicator to your preferences as much as possible, you have the option to set the style of the liquidity line, its color, and its thickness. The analyses you share will then match your exact vision.
Delete Grabbed Liquidity
Check this option when you want to see only uncrossed liquidity on the charts, meaning liquidity lines that have not yet been crossed by the price.
Display Liquidity Grab Point
When you check this option, it highlights the points on the candles where liquidity was grabbed.
Liquidity Duration
Some strategies require that only internal liquidity be taken, meaning liquidity that was created recently. To accommodate this, we have embedded several options in the indicator to work with the validity duration of liquidity.
Delete Liquidity End of Day
This option deletes the liquidity line at the end of the calendar day. This way, you can display only intraday liquidity.
Tip for traders: If you check both "delete liquidity end of day" and "delete grabbed liquidity," only the liquidity of the current day will be displayed on the chart.
Delete Liquidity End of Next Day
This option works similarly to the above. By deleting liquidity only at the end of the next day, you can work with yesterday's liquidity. Many strategies use the liquidity of the previous day (or the high and low of the previous day), allowing you to focus exclusively on yesterday's and today's liquidity.
Liquidity Duration in Bars
The final option allows you to delete liquidity after a certain time has elapsed. For the purposes of the indicator, we have set the time in terms of the number of bars. So, if you are on a 5-minute timeframe and want liquidity to be deleted after an hour, set the liquidity duration to 12 bars (12 x 5 minutes is 60 minutes).
Premarket Std Dev BandsOverview
The Premarket Std Dev Bands indicator is a powerful Pine Script tool designed to help traders gain deeper insights into the premarket session's price movements. This indicator calculates and displays the standard deviation bands for premarket trading, providing valuable information on price volatility and potential support and resistance levels during the premarket hours.
Key Features
Premarket Focus: Specifically designed to analyze price movements during the premarket session, offering unique insights not available with traditional indicators.
Customizable Length: Users can adjust the averaging period for calculating the standard deviation, allowing for tailored analysis based on their trading strategy.
Standard Deviation Bands: Displays both 1 and 2 standard deviation bands, helping traders identify significant price movements and potential reversal points.
Real-Time Updates: Continuously updates the premarket open and close prices, ensuring the bands are accurate and reflective of current market conditions.
How It Works
Premarket Session Identification: The script identifies when the current bar is within the premarket session.
Track Premarket Prices: It tracks the open and close prices during the premarket session.
Calculate Premarket Moves: Once the premarket session ends, it calculates the price movement and stores it in an array.
Compute Averages and Standard Deviation: The script calculates the simple moving average (SMA) and standard deviation of the premarket moves over a specified period.
Plot Standard Deviation Bands: Based on the calculated standard deviation, it plots the 1 and 2 standard deviation bands around the premarket open price.
Usage
To utilize the Premarket Std Dev Bands indicator:
Add the script to your TradingView chart.
Adjust the Length input to set the averaging period for calculating the standard deviation.
Observe the plotted standard deviation bands during the premarket session to identify potential trading opportunities.
Benefits
Enhanced Volatility Analysis: Understand price volatility during the premarket session, which can be crucial for making informed trading decisions.
Support and Resistance Levels: Use the standard deviation bands to identify key support and resistance levels, aiding in better entry and exit points.
Customizable and Flexible: Tailor the averaging period to match your trading style and strategy, making this indicator versatile for various market conditions.
RBS | Profitholders Thanks for source code author , I have modified this for especially Indian market.
RBS Indicator is Rang Breakout System, This is same "Opening Range Breakout" which is a common trading strategy. The indicator can analyze the market trend in the current session and give "Buy / Sell", "Take Profit" and "Stop Loss" signals. For more information about the analyzing process of the indicator, you can read "How Does It Work ?" section of the description.
Features of RBS indicator :
Buy & Sell Signals
Up To 3 Take Profit Signals
Stop-Loss Signals
Alerts for Buy / Sell, Take-Profit and Stop-Loss
Session Dashboard
Back testing Dashboard
HOW DOES IT WORK ?
This indicator works best in 15-minute timeframe. Need to change Chart time frame depends on symbols , The idea is that the trend of the current session can be forecasted by analyzing the market for a while after the session starts. However, each market has it's own dynamics and the algorithm will need fine-tuning to get the best performance possible. So, we've implemented a "Back testing Dashboard" that shows the past performance of the algorithm in the current ticker with your current settings. Always keep in mind that past performance does not guarantee future results. So this is for educational purpose.
Here are the steps of the algorithm explained briefly :
1. The algorithm follows and analyzes the first 15 minutes (can be adjusted) of the session.
2. Then, algorithm checks for breakouts of the opening range's high or low.
3. If a breakout happens in a bullish or a bearish direction, the algorithm will now check for retests of the breakout. Depending on the sensitivity setting, there must be 0 / 1 / 2 / 3 failed retests for the breakout to be considered as reliable.
4. If the breakout is reliable, the algorithm will give an entry signal.
5. After the position entry, algorithm will now wait for Take-Profit or Stop-Loss zones and signal if any of them occur.
If you wonder how does the indicator find Take-Profit & Stop-Loss zones, you can check the "Settings" section of the description.
UNIQUENESS
While there are indicators that show the opening range of the session, they come short with features like indicating breakouts, entries, and Take-Profit & Stop-Loss zones. We are also aware of that different stock markets have different dynamics, and tuning the algorithm for different markets is really important for better results, so we decided to make the algorithm fully customizable. Besides all that, our indicator contains a detailed back testing dashboard, so you can see past performance of the algorithm in the current ticker. While past performance does not yield any guarantee for future results, we believe that a back testing dashboard is necessary for tuning the algorithm. Another strength of this indicator is that there are multiple options for detection of Take-Profit and Stop-Loss zones, which the trader can select one of their liking.
⚙️SETTINGS
Keep in mind that best chart timeframe for this indicator to work is the 15-minute timeframe on Indian Market.
TP = Take-Profit
SL = Stop-Loss
EMA = Exponential Moving Average
OR = Opening Range
ATR = Average True Range
1. Algorithm
RBS Timeframe -> This setting determines the timeframe that the algorithm will analyze the market after a new session begins before giving any signals. It's important to experiment with this setting and find the best option that suits the current ticker for the best performance. More volatile stocks will often require this setting to be larger, while more stabilized stocks may have this setting shorter.
Sensitivity -> This setting determines how much failed retests are needed to take a position entry. Higher sensitivity means that less retests are needed to consider the breakout as reliable. If you think that the current ticker makes strong movements in a bullish & bearish direction after a breakout, you should set this setting higher. If you think the opposite, meaning that the ticker does not decide the trend right after a breakout, this setting show be lower.
(High = 0 Retests, Medium = 1 Retest, Low = 2 Retests, Lowest = 3 Retests)
Breakout Condition -> The condition for the algorithm to detect breakouts.
Close = Bar needs to close higher than the OR High Line in a bullish breakout, or lower than the OR Low Line in a bearish breakout. EMA = The EMA of the bar must be higher / lower than OR Lines instead of the close price.
TP Method -> The method for the algorithm to use when determining TP zones.
Dynamic = This TP method essentially tries to find the bar that price starts declining the current trend and going to the other direction, and puts a TP zone there. To achieve this, it uses an EMA line, and when the close price of a bar crosses the EMA line, It's a TP spot.
ATR = In this TP method, instead of a dynamic approach the TP zones are pre-determined using the ATR of the entry bar. This option is generally for traders who just want to know their TP spots beforehand while trading. Selecting this option will also show TP zones at the ORB Dashboard.
"Dynamic" option generally performs better, while the "ATR" method is safer to use.
EMA Length -> This setting determines the length of the EMA line used in "Dynamic TP method" and "EMA Breakout Condition". This is completely up to the trader's choice, though the default option should generally perform well. You might want to experiment with this setting and find the optimal length for the current ticker.
Stop-Loss -> Algorithm will place the Stop-Loss zone using setting.
Safer = The SL zone will be placed closer to the OR High for a bullish entry, and closer to the OR Low for a bearish entry.
Balanced = The SL zone will be placed in the center of OR High & OR Low
Risky = The SL zone will be placed closer to the OR Low for a bullish entry, and closer to the OR High for a bearish entry.
Adaptive SL -> This option only takes effect if the first TP zone is hit.
Enabled = After the 1st TP zone is hit, the SL zone will be moved to the entry price, essentially making the position risk-free.
Disabled = The SL zone will never change.
2. RBS Dashboard
RBS Dashboard shows the information about the current session.
3. RBS Back testing
RBS Back testing Dashboard allows you to see past performance of the algorithm in the current ticker with current settings.
Total amount of days that can be back tested depends on your TV subscription.
Back testing Exit Ratios -> You can select how much of percent your entry will be closed at any TP zone while back testing. For example, %90, %5, %5 means that %90 of the position will be closed at the first TP zone, %5 of it will be closed at the 2nd TP zone, and %5 of it will be closed at the last TP zone.
LIT - Timings Fx MartinThe Asia Liquidity Points Indicator is a powerful tool designed for traders to identify key liquidity points during the Asia trading session. This script is tailored specifically to aid traders in capitalizing on the unique characteristics of Asian markets, providing invaluable insights into liquidity zones that can significantly enhance trading decisions.
Key Features:
Asia Session Focus: The indicator focuses exclusively on the Asia trading session, which encompasses the trading activity primarily in the Asian markets such as Tokyo, Hong Kong, Singapore, and others.
Liquidity Zones Identification: The script utilizes advanced algorithms to identify and map out liquidity zones within the Asia trading session. These zones represent areas where significant buying or selling pressure is likely to occur, thus presenting lucrative trading opportunities.
Customizable Parameters: Traders have the flexibility to customize various parameters such as time frame, sensitivity, and display options to suit their trading preferences and strategies.
Visual Alerts: The indicator provides visual alerts on the trading chart, clearly indicating the location and strength of liquidity points. This feature enables traders to quickly identify potential entry or exit points based on the liquidity dynamics in the market.
Real-Time Updates: The script continuously monitors market activity during the Asia session, providing real-time updates on liquidity points as they evolve. This ensures traders stay informed and adaptable to changing market conditions.
Integration with Trading Strategies: The Asia Liquidity Points Indicator seamlessly integrates with various trading strategies, serving as a valuable tool for both discretionary and algorithmic traders. Whether used in isolation or in combination with other technical analysis tools, this indicator can enhance trading performance and profitability.
User-Friendly Interface: The indicator boasts a user-friendly interface, making it accessible to traders of all levels of experience. Whether you are a novice trader or a seasoned professional, you can easily incorporate this tool into your trading arsenal.
In conclusion, the Asia Liquidity Points Indicator offers traders a strategic advantage in navigating the nuances of the Asia trading session. By identifying key liquidity zones and providing real-time insights, this script empowers traders to make informed decisions and capitalize on lucrative trading opportunities in the dynamic Asian markets.
ORB Algo | Flux Charts💎 GENERAL OVERVIEW
Introducing our new ORB Algo indicator! ORB stands for "Opening Range Breakout" which is a common trading strategy. The indicator can analyze the market trend in the current session and give "Buy / Sell", "Take Profit" and "Stop Loss" signals. For more information about the analyzing process of the indicator, you can read "How Does It Work ?" section of the description.
Features of the new ORB Algo indicator :
Buy & Sell Signals
Up To 3 Take Profit Signals
Stop-Loss Signals
Alerts for Buy / Sell, Take-Profit and Stop-Loss
Customizable Algoritm
Session Dashboard
Backtesting Dashboard
📌 HOW DOES IT WORK ?
This indicator works best in 1-minute timeframe. The idea is that the trend of the current session can be forecasted by analyzing the market for a while after the session starts. However, each market has it's own dynamics and the algorithm will need fine-tuning to get the best performance possible. So, we've implemented a "Backtesting Dashboard" that shows the past performance of the algorithm in the current ticker with your current settings. Always keep in mind that past performance does not guarantee future results.
Here are the steps of the algorithm explained briefly :
1. The algorithm follows and analyzes the first 30 minutes (can be adjusted) of the session.
2. Then, algorithm checks for breakouts of the opening range's high or low.
3. If a breakout happens in a bullish or a bearish direction, the algorithm will now check for retests of the breakout. Depending on the sensitivity setting, there must be 0 / 1 / 2 / 3 failed retests for the breakout to be considered as reliable.
4. If the breakout is reliable, the algorithm will give an entry signal.
5. After the position entry, algorithm will now wait for Take-Profit or Stop-Loss zones and signal if any of them occur.
If you wonder how does the indicator find Take-Profit & Stop-Loss zones, you can check the "Settings" section of the description.
🚩UNIQUENESS
While there are indicators that show the opening range of the session, they come short with features like indicating breakouts, entries, and Take-Profit & Stop-Loss zones. We are also aware of that different stock markets have different dynamics, and tuning the algorithm for different markets is really important for better results, so we decided to make the algorithm fully customizable. Besides all that, our indicator contains a detailed backtesting dashboard, so you can see past performance of the algorithm in the current ticker. While past performance does not yield any guarantee for future results, we believe that a backtesting dashboard is necessary for tuning the algorithm. Another strength of this indicator is that there are multiple options for detection of Take-Profit and Stop-Loss zones, which the trader can select one of their liking.
⚙️SETTINGS
Keep in mind that best chart timeframe for this indicator to work is the 1-minute timeframe.
TP = Take-Profit
SL = Stop-Loss
EMA = Exponential Moving Average
OR = Opening Range
ATR = Average True Range
1. Algorithm
ORB Timeframe -> This setting determines the timeframe that the algorithm will analyze the market after a new session begins before giving any signals. It's important to experiment with this setting and find the best option that suits the current ticker for the best performance. More volatile stocks will often require this setting to be larger, while more stabilized stocks may have this setting shorter.
Sensitivity -> This setting determines how much failed retests are needed to take a position entry. Higher senstivity means that less retests are needed to consider the breakout as reliable. If you think that the current ticker makes strong movements in a bullish & bearish direction after a breakout, you should set this setting higher. If you think the opposite, meaning that the ticker does not decide the trend right after a breakout, this setting show be lower.
(High = 0 Retests, Medium = 1 Retest, Low = 2 Retests, Lowest = 3 Retests)
Breakout Condition -> The condition for the algorithm to detect breakouts.
Close = Bar needs to close higher than the OR High Line in a bullish breakout, or lower than the OR Low Line in a bearish breakout. EMA = The EMA of the bar must be higher / lower than OR Lines instead of the close price.
TP Method -> The method for the algorithm to use when determining TP zones.
Dynamic = This TP method essentially tries to find the bar that price starts declining the current trend and going to the other direction, and puts a TP zone there. To achieve this, it uses an EMA line, and when the close price of a bar crosses the EMA line, It's a TP spot.
ATR = In this TP method, instead of a dynamic approach the TP zones are pre-determined using the ATR of the entry bar. This option is generally for traders who just want to know their TP spots beforehand while trading. Selecting this option will also show TP zones at the ORB Dashboard.
"Dynamic" option generally performs better, while the "ATR" method is safer to use.
EMA Length -> This setting determines the length of the EMA line used in "Dynamic TP method" and "EMA Breakout Condition". This is completely up to the trader's choice, though the default option should generally perform well. You might want to experiment with this setting and find the optimal length for the current ticker.
Stop-Loss -> Algorithm will place the Stop-Loss zone using setting.
Safer = The SL zone will be placed closer to the OR High for a bullish entry, and closer to the OR Low for a bearish entry.
Balanced = The SL zone will be placed in the center of OR High & OR Low
Risky = The SL zone will be placed closer to the OR Low for a bullish entry, and closer to the OR High for a bearish entry.
Adaptive SL -> This option only takes effect if the first TP zone is hit.
Enabled = After the 1st TP zone is hit, the SL zone will be moved to the entry price, essentially making the position risk-free.
Disabled = The SL zone will never change.
2. ORB Dashboard
ORB Dashboard shows the information about the current session.
3. ORB Backtesting
ORB Backtesting Dashboard allows you to see past performance of the algorithm in the current ticker with current settings.
Total amount of days that can be backtested depends on your TV subscription.
Backtesting Exit Ratios -> You can select how much of percent your entry will be closed at any TP zone while backtesting. For example, %90, %5, %5 means that %90 of the position will be closed at the first TP zone, %5 of it will be closed at the 2nd TP zone, and %5 of it will be closed at the last TP zone.
Seek liquidityGuided by ICT tutoring, I create this versatile "Seek liquidity" indicator.
This indicator shows an easy way to view the Liquidity that has been Created - Eliminated - and what liquidity is left to eliminate.
Liquidity levels appear after the sessions are over, and the lines get stuck on the candle that eliminates them.
Timing session =
//---Asian
- 18:00-00:00
//---London
- 00:00-02:00
- 02:00-05:00
- 00:00-06:00
//---New York
- 06:00-12:00
- 09.30-12.00
//---Lunch
- 12:00-13:30
//---PM
- 1.30pm - 4.00pm
- 12:00-18:00
The user has the possibility to:
- Choose whether or not to view sessions
- Choose to show levels from previous sessions
- Choose to show today's session levels
- Choose whether to view the boxes
- Choose to view the division is open daily
The indicator should be used as ICT shows in its concepts, the indicator takes into consideration both the previous and today's Liquidity, and the session levels can be used for a reversal as in the example below:
Intraday Volatility Bands [Honestcowboy]The Intraday Volatility Bands aims to provide a better alternative to ATR in the calculation of targets or reversal points.
How are they different from ATR based bands?
While ATR and other measures of volatility base their calculations on the previous bars on the chart (for example bars 1954 to 1968). The volatility used in these bands measure expected volatility during that time of the day.
Why would you take this approach?
Markets behave different during certain times of the day, also called sessions.
Here are a couple examples.
Asian Session (generally low volatility)
London Session (bigger volatility starts)
New York Session (overlap of New York with London creates huge volatility)
Generally when using bands or channel type indicators intraday they do not account for the upcoming sessions. On London open price will quickly spike through a bollinger band and it will take some time for the bands to adjust to new volatility.
This script will show expected volatility targets at the start of each new bar and will not adjust during the bar. It already knows what price is expected to do at this time of day.
Script also plots arrows when price breaches either the top or bottom of the bands. You can also set alerts for when this occurs. These are non repainting as the script knows the level at start of the bar and does not change.
🔷 CALCULATION
Think of this script like an ATR but instead it uses past days data instead of previous bars data. Charts below should visualise this more clearly:
The scripts measure of volatility is based on a simple high-low.
The script also counts the number of bars that exist in a day on your current timeframe chart. After knowing that number it creates the matrix used in it's calculations and data storage.
See how it works perfectly on a lower timeframe chart below:
Getting this right was the hardest part, check the coding if you are interested in this type of stuff. I commented every step in the coding process.
🔷 SETTINGS
Every setting of the script has a tooltip but I provided a breakdown here:
Some more examples of different charts:
High/Low of Day/WeekDisplays stats collected from the configured start date and shows them in a table. In the first version, this shows the following distributions:
High/Low of the week formed during days (top right table)
High/Low of the day formed during configured sessions (middle right table)
High/Low of the week formed during configured sessions (bottom right table)
For the default settings (which contains the ICT Asian range and Kill zones), it's best used in 1-hour chart. If you're modifying the sessions, then make sure you use it on a timeframe which can fit all the enabled sessions. For example, if one of your sessions is 2-hour, but you're switching to a 4-hour chart, then the stats will contain errors and isn't reliable.
90cycle @joshuuu90 minute cycle is a concept about certain time windows of the day.
This indicator has two different options. One uses the 90 minute cycle times mentioned by traderdaye, the other uses the cls operational times split up into 90 minutes session.
e.g. we can often see a fake move happening in the 90 minute window between 2.30am and 4am ny time.
The indicator draws vertical lines at the start/end of each session and the user is able to only display certain sessions (asia, london, new york am and pm)
For the traderdayes option, the indicator also counts the windows from 1 to 4 and calls them q1,q2,q3,q4 (q-quarter)
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
CVD - Cumulative Volume Delta (Chart)█ OVERVIEW
This indicator displays cumulative volume delta (CVD) as an on-chart oscillator. It uses intrabar analysis to obtain more precise volume delta information compared to methods that only use the chart's timeframe.
The core concepts in this script come from our first CVD indicator , which displays CVD values as plot candles in a separate indicator pane. In this script, CVD values are scaled according to price ranges and represented on the main chart pane.
█ CONCEPTS
Bar polarity
Bar polarity refers to the position of the close price relative to the open price. In other words, bar polarity is the direction of price change.
Intrabars
Intrabars are chart bars at a lower timeframe than the chart's. Each 1H chart bar of a 24x7 market will, for example, usually contain 60 bars at the lower timeframe of 1min, provided there was market activity during each minute of the hour. Mining information from intrabars can be useful in that it offers traders visibility on the activity inside a chart bar.
Lower timeframes (LTFs)
A lower timeframe is a timeframe that is smaller than the chart's timeframe. This script utilizes a LTF to analyze intrabars, or price changes within a chart bar. The lower the LTF, the more intrabars are analyzed, but the less chart bars can display information due to the limited number of intrabars that can be analyzed.
Volume delta
Volume delta is a measure that separates volume into "up" and "down" parts, then takes the difference to estimate the net demand for the asset. This approach gives traders a more detailed insight when analyzing volume and market sentiment. There are several methods for determining whether an asset's volume belongs in the "up" or "down" category. Some indicators, such as On Balance Volume and the Klinger Oscillator , use the change in price between bars to assign volume values to the appropriate category. Others, such as Chaikin Money Flow , make assumptions based on open, high, low, and close prices. The most accurate method involves using tick data to determine whether each transaction occurred at the bid or ask price and assigning the volume value to the appropriate category accordingly. However, this method requires a large amount of data on historical bars, which can limit the historical depth of charts and the number of symbols for which tick data is available.
In the context where historical tick data is not yet available on TradingView, intrabar analysis is the most precise technique to calculate volume delta on historical bars on our charts. This indicator uses intrabar analysis to achieve a compromise between simplicity and accuracy in calculating volume delta on historical bars. Our Volume Profile indicators use it as well. Other volume delta indicators in our Community Scripts , such as the Realtime 5D Profile , use real-time chart updates to achieve more precise volume delta calculations. However, these indicators aren't suitable for analyzing historical bars since they only work for real-time analysis.
This is the logic we use to assign intrabar volume to the "up" or "down" category:
• If the intrabar's open and close values are different, their relative position is used.
• If the intrabar's open and close values are the same, the difference between the intrabar's close and the previous intrabar's close is used.
• As a last resort, when there is no movement during an intrabar and it closes at the same price as the previous intrabar, the last known polarity is used.
Once all intrabars comprising a chart bar are analyzed, we calculate the net difference between "up" and "down" intrabar volume to produce the volume delta for the chart bar.
█ FEATURES
CVD resets
The "cumulative" part of the indicator's name stems from the fact that calculations accumulate during a period of time. By periodically resetting the volume delta accumulation, we can analyze the progression of volume delta across manageable chunks, which is often more useful than looking at volume delta accumulated from the beginning of a chart's history.
You can configure the reset period using the "CVD Resets" input, which offers the following selections:
• None : Calculations do not reset.
• On a fixed higher timeframe : Calculations reset on the higher timeframe you select in the "Fixed higher timeframe" field.
• At a fixed time that you specify.
• At the beginning of the regular session .
• On trend changes : Calculations reset on the direction change of either the Aroon indicator, Parabolic SAR , or Supertrend .
• On a stepped higher timeframe : Calculations reset on a higher timeframe automatically stepped using the chart's timeframe and following these rules:
Chart TF HTF
< 1min 1H
< 3H 1D
<= 12H 1W
< 1W 1M
>= 1W 1Y
Specifying intrabar precision
Ten options are included in the script to control the number of intrabars used per chart bar for calculations. The greater the number of intrabars per chart bar, the fewer chart bars can be analyzed.
The first five options allow users to specify the approximate amount of chart bars to be covered:
• Least Precise (Most chart bars) : Covers all chart bars by dividing the current timeframe by four.
This ensures the highest level of intrabar precision while achieving complete coverage for the dataset.
• Less Precise (Some chart bars) & More Precise (Less chart bars) : These options calculate a stepped LTF in relation to the current chart's timeframe.
• Very precise (2min intrabars) : Uses the second highest quantity of intrabars possible with the 2min LTF.
• Most precise (1min intrabars) : Uses the maximum quantity of intrabars possible with the 1min LTF.
The stepped lower timeframe for "Less Precise" and "More Precise" options is calculated from the current chart's timeframe as follows:
Chart Timeframe Lower Timeframe
Less Precise More Precise
< 1hr 1min 1min
< 1D 15min 1min
< 1W 2hr 30min
> 1W 1D 60min
The last five options allow users to specify an approximate fixed number of intrabars to analyze per chart bar. The available choices are 12, 24, 50, 100, and 250. The script will calculate the LTF which most closely approximates the specified number of intrabars per chart bar. Keep in mind that due to factors such as the length of a ticker's sessions and rounding of the LTF, it is not always possible to produce the exact number specified. However, the script will do its best to get as close to the value as possible.
As there is a limit to the number of intrabars that can be analyzed by a script, a tradeoff occurs between the number of intrabars analyzed per chart bar and the chart bars for which calculations are possible.
Display
This script displays raw or cumulative volume delta values on the chart as either line or histogram oscillator zones scaled according to the price chart, allowing traders to visualize volume activity on each bar or cumulatively over time. The indicator's background shows where CVD resets occur, demarcating the beginning of new zones. The vertical axis of each oscillator zone is scaled relative to the one with the highest price range, and the oscillator values are scaled relative to the highest volume delta. A vertical offset is applied to each oscillator zone so that the highest oscillator value aligns with the lowest price. This method ensures an accurate, intuitive visual comparison of volume activity within zones, as the scale is consistent across the chart, and oscillator values sit below prices. The vertical scale of oscillator zones can be adjusted using the "Zone Height" input in the script settings.
This script displays labels at the highest and lowest oscillator values in each zone, which can be enabled using the "Hi/Lo Labels" input in the "Visuals" section of the script settings. Additionally, the oscillator's value on a chart bar is displayed as a tooltip when a user hovers over the bar, which can be enabled using the "Value Tooltips" input.
Divergences occur when the polarity of volume delta does not match that of the chart bar. The script displays divergences as bar colors and background colors that can be enabled using the "Color bars on divergences" and "Color background on divergences" inputs.
An information box in the lower-left corner of the indicator displays the HTF used for resets, the LTF used for intrabars, the average quantity of intrabars per chart bar, and the number of chart bars for which there is LTF data. This is enabled using the "Show information box" input in the "Visuals" section of the script settings.
FOR Pine Script™ CODERS
• This script utilizes `ltf()` and `ltfStats()` from the lower_tf library.
The `ltf()` function determines the appropriate lower timeframe from the selected calculation mode and chart timeframe, and returns it in a format that can be used with request.security_lower_tf() .
The `ltfStats()` function, on the other hand, is used to compute and display statistical information about the lower timeframe in an information box.
• The script utilizes display.data_window and display.status_line to restrict the display of certain plots.
These new built-ins allow coders to fine-tune where a script’s plot values are displayed.
• The newly added session.isfirstbar_regular built-in allows for resetting the CVD segments at the start of the regular session.
• The VisibleChart library developed by our resident PineCoders team leverages the chart.left_visible_bar_time and chart.right_visible_bar_time variables to optimize the performance of this script.
These variables identify the opening time of the leftmost and rightmost visible bars on the chart, allowing the script to recalculate and draw objects only within the range of visible bars as the user scrolls.
This functionality also enables the scaling of the oscillator zones.
These variables are just a couple of the many new built-ins available in the chart.* namespace.
For more information, check out this blog post or look them up by typing "chart." in the Pine Script™ Reference Manual .
• Our ta library has undergone significant updates recently, including the incorporation of the `aroon()` indicator used as a method for resetting CVD segments within this script.
Revisit the library to see more of the newly added content!
Look first. Then leap.
ICT Killzone by JeawThis is an indicator script for TradingView called "ICT Killzone". It is a useful tool for identifying the London and New York open and close sessions, as well as the Asian range on the chart. The appearance of the "killzones" can be customized by selecting colors and transparencies for each session. Boxes can also be displayed around each session and labels with additional information can be added. This script is compatible with intraday charts and time multipliers up to 60 minutes. It was created by Jeaw and is based on the ideas of the ICT (Institutional Cash Trades) methodology. This script can help traders avoid entering the market during high impact news events and periods of low liquidity. By identifying these potentially volatile times, traders can better manage their risk and improve their overall trading strategy.
ASE Additionals v1ASE Additionals is a statistics-driven indicator that combines multiple features to provide traders with valuable statistics to help their trading. This indicator offers a customizable table that includes statistics for VWAP with customizable standard deviation waves.
Per the empirical rule, the following is a schedule for what percent of volume should be traded between the standard deviation range:
+/- 1 standard deviation: 68.26% of volume should be trading within this range
+/- 2 standard deviation: 95.44% of volume should be trading within this range
+/- 3 standard deviation: 99.73% of volume should be trading within this range
+/- 4 standard deviation: 99.9937% of volume should be trading within this range
+/- 5 standard deviation: 99.999943% of volume should be trading within this range
+/- 6 standard deviation: 99.9999998% of volume should be trading within this range
The statistics table presents five different pieces of data
Volume Analyzed: Amount of contracts analyzed for the statistics
Volume Traded Inside Upper Extreme: Calculated by taking the amount of volume traded inside the Upper Extreme band divided by the total amount of contracts analyzed
Volume Traded Inside Lower Extreme: Calculated by taking the amount of volume traded inside the Lower Extreme band divided by the total amount of contracts analyzed
Given the user’s inputs, they will see the upper and lower extremes of the day. For example, if the user changed the inner st. dev input to 2, 95.44% of the volume should be traded within the inner band. If the user changed the outer st. dev input to 3, 99.73% of the volume should be traded within the outer band. Thus, statistically, 2.145% ((99.73%-95.44%)/2) of volume should be traded between the upper and lower band fill.
In the chart above, the bands are the 2nd and 3rd standard deviation inputs. We notice that out of the 151 Million Contracts , the actual percentage of volume traded in the upper extreme was 2.7% , and the actual percentage of the volume traded in the lower extreme was 3.3% . Given the empirical rule, about 2.145% of the volume should be traded in the upper extreme band, and 2.145% of the volume should be traded in the lower extreme band. Based on the statistics table, the empirical rule is true when applied to the volume-weighted average price.
The trader should recognize that statistics is all about probability and there is a margin for error, so the bands should be used as a bias, not an entry. For example, given the +/-2 and 3 standard deviations, statistically, if 2.145% of the volume is traded within the upper band extreme, you shouldn’t look for a long trade if the current price is in the band. Likewise, if 2.145% of the volume is traded within the lower band extreme, you shouldn’t look for a short trade if the current price is in the band.
Additionally, we provide traders with the Daily, Weekly, and Monthly OHLC levels. Open, High, Low, and Close are significant levels, especially on major timeframes. Once price has touched the level, the line changes from dashed/dotted to solid.
Features
VWAP Price line and standard deviation waves to analyze the equilibrium and extremes of the sessions trend
Previous Day/WEEK/Month OHLC levels provide Major timeframe key levels
Settings
VWAP Equilibrium: Turn on the VWAP line
VWAP Waves: Turn on the VWAP standard deviation waves
Inner St. Dev: Changes the inner band standard deviation to show the percentage of volume traded within
Outer St. Dev: Changes the outer band standard deviation to show the percentage of volume traded within
Upper Extreme: Change the color of the upper VWAP wave
Lower Extreme: Change the color of the lower VWAP wave
Wave Opacity: Change the opacity of the waves (0= completely transparent, 100=completely solid)
Statistics Table: Turn on or off the statistics table
Statistics Table Settings: Change the Table Color, Text Color, Text Size, and Table Position
Previous Day/Week/Month OHLC: Choose; All, Open, Close, High, Low, and the color of the levels
OHLC Level Settings: Change the OHLC label color, line style, and line width
How to Use
The VWAP price line acts as the 'Fair Value' or the 'Equilibrium' of the price session. Just as the VWAP Waves show the session's upper and lower extreme possibilities. While we can find entries from VWAP , our analysis uses it more as confirmation. OHLC levels are to be used as support and resistance levels. These levels provide us with great entry and target opportunities as they are essential and can show pivots in price action.
Williams Vix Fix OHLC candles plot indicator (Tartigradia)OHLC candles plot of the Williams VixFix indicator, which allows to draw trend lines.
Williams VixFix is a realized volatility indicator developed by Larry Williams, and can help in finding market bottoms.
Indeed, as Williams describe in his paper, markets tend to find the lowest prices during times of highest volatility, which usually accompany times of highest fear. The VixFix is calculated as how much the current low price statistically deviates from the maximum within a given look-back period.
The Williams VixFix indicator is usually presented as a curve or histogram. The novelty of this indicator is to present the data as a OHLC candles plot: whereas the original Williams VixFix calculation only involves the close value, we here use the open, high and low values as well. This led to some mathematical challenges because some of these calculations led to absurd values, so workarounds had to be found, but in the end I think the result was worth it, it reproduces the VIX chart quite well.
A great additional value of the OHLC chart is that it shows not just the close value, but all the values during the session: open, high and low in addition to close. This allows to draw trend lines and can provide additional information on momentum and sentiment. In addition, other indicators can be used on it, as if it was a price chart, such as RSI indicators (see RSI+ (alt) indicator for example).
For more information on the Vix Fix, which is a strategy published under public domain:
The VIX Fix, Larry Williams, Active Trader magazine, December 2007, web.archive.org
Fixing the VIX: An Indicator to Beat Fear, Amber Hestla-Barnhart, Journal of Technical Analysis, March 13, 2015, ssrn.com
Replicating the CBOE VIX using a synthetic volatility index trading algorithm, Dayne Cary and Gary van Vuuren, Cogent Economics & Finance, Volume 7, 2019, Issue 1, doi.org
This indicator includes only the Williams VixFix as an OHLC candles or bars plot, and price / vixfix candles plot, as well as the typical vixfix histogram. Indeed, it is much more practical for unbounded range indicators to be plotted in their own separate panel, hence why this indicator is released separately, so that it can work and be scaled adequately out of the box.
Note that the there are however no bottom buy signals. For a more complete indicator, which also includes the OHLC candles plots present here, but also bottom signals and Inverse VixFix (top signals), see:
Set Index symbol to SPX, and index_current = false, and timeframe Weekly, to reproduce the original VIX as close as possible by the VIXFIX (use the Add Symbol option, because you want to plot CBOE:VIX on the same timeframe as the current chart, which may include extended session / weekends). With the Weekly timeframe, off days / extended session days should not change much, but with lower timeframes this is important, because nights and weekends can change how the graph appears and seemingly make them different because of timing misalignment when in reality they are not when properly aligned.
Historic VPoCs and pseudo VPVRThis study tries to recreate session based historic VPoCs
and VPVR Volume Profile
as they are used by
TradingLatino TradingView user.
It's aimed at BTCUSDT pair and 4h timeframe.
HOW IT WORKS
HOW IT WORKS - VPVR Profile Block
It gathers volume from the last chosen Bars
in order to draw the vpvr profile block
Volume that intersects with current level range
being studied is added to its value.
Additionally the current level price is modified
so that it matches the level price where most
of the volume has concentrated
So you get a pretty accurate price for drawn volume
while at the same time the levels are not stuck
to arbitrary level prices.
HOW IT WORKS - VPoC
It calculates a Volume Profile for the
given historic session but then
it only outputs that Volume Profile VPoC.
SETTINGS
Show VPVR Volume Profile {True}.
Show Historic VPoC lines {True}.
Show Historic VPoC labels {True}.
Extend Historic VPoC lines {True}: If this option is turned off the VPoC lines are only shown during the session duration.
Show tick difference from current price {False}: BETA. Feedback is needed because I'm not sure how it should work this setting.
VPVR Number of bars {100}: Define the Visible Range in number of bars so that its Volume Profile can be shown.
VPVR Profile width (in bars) {15}: VPVR Profile can be make larger or smaller in width thanks to this option.
VPVR Profile offset (in bars) {15}: VPVR Profile can be shown more to the left or to the right if the defaults do not suit you.
Historic Session Volume Profile timeframe {1D}: Historic VPoC use 1 day as their timeframe reference by default.
Number of decimal digits {2}: How many decimal digits are shown in label prices.
Number of previous sessions to print VPoC {5}: How many previous sessions VPoCs are to be printed. The maximum for this setting is 20.
Historic VPoC lines width (in pixels) {2}.
Historic VPoC labels size {small}.
History VPoC line offset (in bars) {5}: How far to the right VPoCs lines are to be extended. Note: This setting does not apply when 'Extend Historic VPoC lines' is set to 'False'.
WARNING
Please be aware that VPoC from the first previous session might not be accurate due to Pine Script limitations.
VPVR USAGE
This is not a VPVR like the official TradingView indicator.
This is a pseudo VPVR and that means it needs some manual input from you.
But, don't worry it's quite easy to do and if you always use the same number
of bars to calculate your VPVR then you might even just set it up once.
In order to show the VPVR (or Volume Profile on the Visible Range):
Rescale your chart so that you see all the bars for your Visible Range.
Click on the ruler tool.
Click on the last bar (far to the right) shown on the screen
Drag the ruler to first bar (far to the left) shown on the screen
Check what the ruler says
E.g. it says: 101 bars
Open this study settings
Modify: 'VPVR Number of bars ' setting
So that its value matches your measured number of bars (101)
Press OK to confirm and wait for the indicator to refresh.
STRATEGY USAGE
If your strategy uses VPoC
to define your resistances
or supports
you can check the VPoCs shown here.
FEEDBACK
I have only used this identifier in BTCUSDT 4h timeframe.
I'm interested to know what needs to be tweaked
in other securities and timeframes.
PINE STUDY TRICK
This study let's you choose the number of decimals the label will use.
CREDITS
I have reused and adapted some code from
'Poor man's volume profile' study
which it's from TradingView IldarAkhmetgaleev user.
I also wanted to thank him for helping me understanding his study.
I have reused some code from
'MTF Selection Framework - PineCoders FAQ' study
which it's from TradingView PineCoders user.
Real Relative Volume - Bar Indicator - Time Adjusted - DE & ENEnglish version below
Die richtige Aktie zu finden, ist nich immer einfach. Eine wichtige Variable bei der Aktienauswahl stellt das relative Volumen dar, welches von vielen erfolgreichen Tradern und Trading Firmen benutzt wird. Stell es Dir so vor: Statt sich das absolute Volumen anzuschauen, schauen wir uns die tatsächliche Stärke an. Wie viel Volumen wird also heute im Vergleich zu einem regulären Tag gehandelt. Dies gibt Aufschluss darüber, ob die Aktie "In-Play" ist.
Merke: Ist das RVOL (Relative Volumen) erhöht, sind mehr Marktteilnehmer an dieser Aktie interessiert als üblich. Dies ist besonders dann wichtig, wenn die Marktrichtung und die Richtung der Aktie nicht übereinstimmen.
Wenn der Markt steigt, steigen auch die meisten Aktien. Dies kann folglich auch ohne erhöhtes RVOL passieren. Was ist aber, wenn der Markt gegen uns geht? Dann werden wir schnell bei RVOL-schwachen Aktien ausgeschüttelt. Daher wollen wir unseren Fokus immer auf Aktien setzen, die ein erhöhtes relatives Volumen haben! Dies sind die Aktien, die gerade wirklich stark gehandelt werden und wahrscheinlich einen Katalysten dafür haben.
Der Real Relative Volume - Bar Indicator zeigt Dir das aktuelle relative Volumen an. Unser Algo benutzt dabei das tatsächliche kumulative Volumen des aktuellen Tages zum jeweiligen (aktuellen) Zeitpunkt und vergleicht dieses mit dem historischen Durchschnittsvolumen zum gleichen Zeitpunkt. Damit bekommen wir ein korrektes Abbild der aktuellen Stärke. Mit Hilfe des Indikators können wir durch die farbliche Veränderung der Volumenbalken ebenfalls sehen, ob diese Stärke zunimmt, gleich bleibt, oder gegebenenfalls schnell and Power verliert. Im Gegensatz zu anderen Skripten nutzen wir eine fortschrittliche Methode, die aktuelle Position am Tag erkennt und damit nicht die Session in gleiche Teile teilt. Vorteil: Der Indikator funktioniert auch in Krypto, Forex, DE-Aktien, Indizes etc.
Funktionen:
Bitte ohne verlängerte Handelszeiten nutzen!
Sessions Back: Verändert die Baseline, die Du mit dem heutigen Volumen vergleichst. Beispiel: 10 - Zur aktuellen Uhrzeit siehst Du das reale relative Volumen von heute in Relation zu den letzten 10 Sessions (zur gleichen Zeit). (*max 5000 Kerzen)
RVOL Threshold: Wert für die RVOL Alarme sowie zur Färbung bei Nutzung des Modus Threshold.
Plot styles: Du hast die Möglichkeit aus 4 verschiedenen Styles zu wählen.
Heatmap (greift auf die Werte und Farben von HM1-HM5 zurück)
Traffic (greift auf die Werte und Farben von T1-T4 zurück) -
Threshold (greift auf den Werte RVOL Threshold zurück)
Kurs (zeigt die normalen Volumenbalken)
HM1-5: Stelle unterschiedliche RVOL Werte für den Plot Style Heatmap ein.
T1-4: Stelle unterschiedliche RVOL Werte für den Plot Style Traffic ein.
Dieser Indikator wird häufig mit unserer zweiten Version Real Relative Volume - Line Indicator - Time Adjusted - DE & EN verwendet. Stelle sicher, dass Du in beiden Indikatoren die gleichen RVOL Werte nutzt!
-------------
English version
Finding the right stock to trade is not always easy. An important variable in stock selection is the relative volume, which is used by many successful traders and trading firms. Think of it like this: Instead of looking at absolute volume, we look at actual strength. So how much volume is traded today compared to a regular day? This gives an indication of whether the stock is "in play".
Note: If the RVOL (relative volume) is increased, more market participants are interested in this share than usual. This is especially important if the market direction and the direction of the stock do not match.
If the market rises, most shares will also rise. This can, therefore, happen without an increased RVOL. But what happens if the market goes against us? Then we are quickly shaken out of RVOL-weak stocks. Therefore, we always want to focus on stocks that have an increased relative volume! These are the stocks that are trading really strongly right now and probably have a catalyst for that.
The Real Relative Volume - Bar Indicator shows you the current relative volume. Our Algo uses the actual cumulative volume of the current day at the respective (current) time and compares it with the historical average volume at the same time. This gives us a correct picture of the current strength. With the help of the indicator, we can also see by the color change of the volume bars whether this strength increases, remains the same, or loses power quickly. Unlike other scripts, we use an advanced method that recognizes the current position on the day and does not split the session into equal parts. Advantage: The indicator also works in crypto, forex, foreign stock markets, indices, etc.
Features:
Please use without extended trading hours!
Sessions Back: Changes the baseline that you compare to today's volume. Example: 10 - At the current time you see the real relative volume of today in relation to the last 10 sessions (at the same time). (*max 5000 candles)
RVOL Threshold: Value for the RVOL alarms as well as for coloring when using the Threshold mode.
Plot styles: You have the possibility to choose from 4 different styles.
Heatmap (uses the values and colors of HM1-HM5)
Traffic (uses the values and colors of T1-T4) -
Threshold (accesses the values RVOL Threshold)
Price (shows the normal volume bars)
HM1-5: Set different RVOL values for the Plot Style Heatmap
T1-4: Set different RVOL values for the Plot Style Traffic.
This indicator is often used with our second version Real Relative Volume - Line Indicator - Time Adjusted - DE & EN. Make sure that you use the same RVOL values in both indicators!
Real Relative Volume - Line Indicator - Time Adjusted - DE & EN// English description below
Die richtige Aktie zu finden, ist nich immer einfach. Eine wichtige Variable bei der Aktienauswahl stellt das relative Volumen dar, welches von vielen erfolgreichen Tradern und Trading Firmen benutzt wird. Stell es Dir so vor: Statt sich das absolute Volumen anzuschauen, schauen wir uns die tatsächliche Stärke an. Wie viel Volumen wird also heute im Vergleich zu einem regulären Tag gehandelt. Dies gibt Aufschluss darüber, ob die Aktie "In-Play" ist.
Merke: Ist das RVOL (Relative Volumen) erhöht, sind mehr Marktteilnehmer an dieser Aktie interessiert als üblich. Dies ist besonders dann wichtig, wenn die Marktrichtung und die Richtung der Aktie nicht übereinstimmen.
Wenn der Markt steigt, steigen auch die meisten Aktien. Dies kann folglich auch ohne erhöhtes RVOL passieren. Was ist aber, wenn der Markt gegen uns geht? Dann werden wir schnell bei RVOL-schwachen Aktien ausgeschüttelt. Daher wollen wir unseren Fokus immer auf Aktien setzen, die ein erhöhtes relatives Volumen haben! Dies sind die Aktien, die gerade wirklich stark gehandelt werden und wahrscheinlich einen Katalysten dafür haben.
Der Real Relative Volume - Line Indicator zeigt Dir das aktuelle relative Volumen an. Unser Algo benutzt dabei das tatsächliche kumulative Volumen des aktuellen Tages zum jeweiligen (aktuellen) Zeitpunkt und vergleicht dieses mit dem historischen Durchschnittsvolumen zum gleichen Zeitpunkt . Damit bekommen wir ein korrektes Abbild der aktuellen Stärke. Mit Hilfe des Indikators können wir ebenfalls sehen, ob diese Stärke zunimmt, gleich bleibt, oder gegebenenfalls schnell and Power verliert. Im Gegensatz zu anderen Skripten nutzen wir eine fortschrittliche Methode, die aktuelle Position am Tag erkennt und damit nicht die Session in gleiche Teile teilt. Vorteil: Der Indikator funktioniert auch in Krypto, Forex, DE-Aktien, Indizes etc.
Funktionen:
Bitte ohne verlängerte Handelszeiten nutzen!
Sessions Back: Verändert die Baseline, die Du mit dem heutigen Volumen vergleichst. Beispiel: 10 - Zur aktuellen Uhrzeit siehst Du das reale relative Volumen von heute in Relation zu den letzten 10 Sessions (zur gleichen Zeit). (*max 5000 Kerzen)
Threshold: Stelle eine bestimmte Schwelle ein, bei der Du dich über die TradingView Funktion alarmieren lassen möchtest.
T1-4: Stelle unterschiedliche RVOL Werte ein.
Use Traffic Color for Line: Die unterschiedlichen T1-4 Werte und Farben werden für das Liniendiagramm genutzt.
Dieser Indikator wird häufig mit unserer zweiten Version Real Relative Volume - Bar Indicator - Time Adjusted - DE & EN verwendet.
/////// English version
Finding the right stock is not always easy. An important variable in stock selection is the relative volume, which is used by many successful traders and trading firms. Think of it like this: Instead of looking at absolute volume, we look at actual strength. So how much volume is traded today compared to a regular day? This gives an indication of whether the stock is "in play".
Note: If the RVOL (relative volume) is increased, more market participants are interested in this stock than usual. This is especially important if the market direction and the direction of the stock do not match.
If the market rises, most shares will also rise. This can, therefore, happen without an increased RVOL. But what happens if the market goes against us? Then we are quickly shaken out of RVOL-weak stocks. Therefore, we always want to focus on stocks that have an increased relative volume! These are the stocks that are trading really strongly right now and probably have a catalyst for that.
The Real Relative Volume - Line Indicator shows you the current relative volume. Our Algo uses the actual cumulative volume of the current day at the respective (current) time and compares it with the historical average volume at the same time . This gives us a correct picture of the current strength. With the help of the indicator, we can also see whether this strength increases, remains the same, or if it loses power quickly. Unlike other scripts, we use an advanced method that recognizes the current position on the day and thus does not split the session into equal parts. Advantage: The indicator also works in crypto, forex, foreign stock markets, indices, and many more.
Functions:
Please use without extended trading hours!
Sessions Back: Changes the baseline that you compare to today's volume. Example: 10 - At the current time you see the real relative volume of today in relation to the last 10 sessions (at the same time). (*max 5000 Bars)
Threshold: Set a certain threshold at which you want to be alerted via the TradingView function.
T1-4: Set different RVOL values.
Use Traffic Color for Line: The different T1-4 values & colors are used for the line plot.
This indicator is often used with our second version Real Relative Volume - Bar Indicator - Time Adjusted - DE & EN .
Smart Money Volume by P4 ProviderSmart Money Volume by P4 Provider is a proprietary volume-based tool designed to identify institutional activity across major trading sessions (Asian, London, and New York) with precision. It combines classical Volume Spread Analysis (VSA) with dynamically calculated session-wise volume averages , tracked in real-time on 1-minute and 5-minute charts.
Built for serious traders, this indicator highlights:
High-Volume Nodes: Automatically marks the highest volume bar of the day with a horizontal level.
Session-Based Volume Intelligence: Tracks and averages volume spikes during key sessions using both M1 and M5 granularities.
Smart Institutional Footprint: Reveals session-specific average volume levels via colored horizontal lines (Green for Asian, Purple for London, Red for NY).
Volume Strength Color Coding: Visualizes bullish/bearish volume intensity via dynamic bar coloring.
Ideal for scalpers, intraday traders, and smart money trackers seeking to align with institutional footprints.
Important Notes:
Time Zone Setup Required: Please adjust the UTC offset in the script according to your local time for accurate session alignment.
Optimized for 1-minute and 5-minute charts only.
For educational and analytical use. Not a buy/sell signal generator.
Developed by P4 Provider , this tool is part of a broader ecosystem focused on elite trading tools powered by real market behavior.
