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Weekly COTAdjusted COT Index Improves upon: "COT Index Commercials vs large and small Speculators" by SystematicFutures How: CoT Indexes are adjusted by Open Interest to normalise data over time, and threshold background colours are in-line with Larry Williams recommendations from his book. Note: This indicator is **only** accurate on the Daily time-frame due to the mid-week release date for CoT data. This script calculates and plots the Adjusted Commitment of Traders (COT) Index for Commercial, Large Speculator, and Retail (Small Speculator) categories. The CoT Index is adjusted by Open Interest to normalise data through time, following the methodology of Larry Williams, providing insights into how these groups are positioned in the market with an arguably more historically accurate context. COT Categories ------------------- - Commercials (Producers/Hedgers): Large entities hedging against price changes in the underlying asset. - Large Speculators (Non-commercials): Professional traders and funds speculating on price movements. - Retail Traders (Nonreportable/Small Speculators): Small individual traders, typically less informed. Features ---------- - Open Interest Adjustment - The net positions for each category are normalized by Open Interest to account for varying contract sizes. - Customisable Look-back Period - You can adjust the number of weeks for the index calculation to control the historical range used for comparison. - Thresholds for Extremes - Upper and lower thresholds (configurable) are provided to mark overbought and oversold conditions. - Defaults - Overbought: <=20 - Oversold: >= 80 - Hide Current Week Option - Optionally hide the current week's data until market close for more accurate comparison. - Visual Aids - Plot the Commercials, Large Speculators, and Retail indexes, and optionally highlight extreme positioning. Inputs -------- - weeks - Number of weeks for historical range comparison. - upperExtreme and lowerExtreme - Thresholds to identify overbought/oversold conditions (default 80/20). - hideCurrentWeek - Option to hide current week's data until market close. - markExtremes - Highlight extremes where any index crosses the upper or lower thresholds. - Options to display or hide indexes for Commercials, Large Speculators, and Small Speculators. Outputs ---------- - The script plots the COT Index for each of the three categories and highlights periods of extreme positioning with customisable thresholds. Usage ------- - This tool is useful for traders who want to track the positioning of different market participants over time. - By identifying the extreme positions of Commercials, Large Speculators, and Retail traders, it can give insights into market sentiment and potential reversals. - Reversals of trend can be confirmed with RSI Divergence (daily), for example - Continuation can be confirmed with RSI overbought/oversold conditions (daily), and/or hidden RSI Hidden Divergence, for example
Penunjuk Pine Script®
oleh madungandabas
Weekly BoxThe indicator shows a box based on the high and low of the previous week that extends into the current week. The box is used to monitor breakouts or break downs of the price with respect to the previous week levels. The box is colored: - green, if there is a breakout above the previous week high; or - red, if there is a break down below the previous week low; or - yellow, if the price stays inside of the box. during the current week. Labels for the box top and bottom prices can be enabled or disabled in the settings.
Penunjuk Pine Script®
oleh danilogalisteu
1
DAYOFWEEK performance1 -Objective "What is the ''best'' day to trade .. Monday, Tuesday...." This script aims to determine if there are different results depending on the day of the week. The way it works is by dividing data by day of the week (Monday, Tuesday, Wednesday ... ) and perform calculations for each day of the week. 1 - Objective 2 - Features 3 - How to use (Examples) 4 - Inputs 5 - Limitations 6 - Notes 7 - Final Tooughs 2 - Features AVG OPEN-CLOSE Calculate de Percentage change from day open to close Green % (O-C) Percentage of days green (open to close) Average Change Absolute day change (O-C) AVG PrevD. Close-Close Percentage change from the previous day close to the day of the week close (Example: Monday (C-C) = Friday Close to Monday close Tuesday (C-C) = Monday C. to Tuesday C. Green % (C1-C) Percentage of days green (open to close) AVG Volume Day of the week Average Volume Notes: *Mon(Nº) - Nº = Number days is currently calculated Example: Monday (12) calculation based on the last 12 Mondays. Note: Discrepancies in numbers example Monday (12) - Friday (11) depend on the initial/end date or the market was closed (Holidays). 3 - How to use (Examples) For the following example, NASDAQ:AAPL from 1 Jan 21 to 1 Jul 21 the results are following. The highest probability of a Close being higher than the Open is Monday with 52.17 % and the Lowest Tuesday with 38.46 %. Meaning that there's a higher chance (for NASDAQ:AAPL ) of closing at a higher value on Monday while the highest chance of closing is lower is Tuesday. With an average gain on Tuesday of 0.21% Long - The best day to buy (long) at open (on average) is Monday with a 52.2% probability of closing higher Short - The best day to sell (short) at open (on average) is Tuesday with a 38.5% probability of closing higher (better chance of closing lower) Since the values change from ticker to ticker, there is a substantial change in the percentages and days of the week. For example let's compare the previous example ( NASDAQ:AAPL ) to NYSE:GM (same settings) For the same period, there is a substantial difference where there is a 62.5% probability Friday to close higher than the open, while Tuesday there is only a 28% probability. With an average gain of 0.59% on Friday and an average loss of -0.34% Also, the size of the table (number of days ) depends if the ticker is traded or not on that day as an example COINBASE:BTCUSD 4 - Inputs DATE RANGE Initial Date - Date from which the script will start the calculation. End Date - Date to which the script will calculate. TABLE SETTINGS Text Color - Color of the displayed text Cell Color - Background color of table cells Header Color - Color of the column and row names Table Location - Change the position where the table is located. Table Size - Changes text size and by consequence the size of the table 5 - LIMITATIONS The code determines average values based on the stored data, therefore, the range (Initial data) is limited to the first bar time. As a consequence the lower the timeframe the shorter the initial date can be and fewer weeks can be calculated. To warn about this limitation there's a warning text that appears in case the initial date exceeds the bar limit. Example with initial date 1 Jan 2021 and end date 18 Jul 2021 in 5m and 10 m timeframe: 6 - Notes and Disclosers The script can be moved around to a new pane if need. -> Object Tree > Right Click Script > Move To > New pane The code has not been tested in higher subscriptions tiers that allow for more bars and as a consequence more data, but as far I can tell, it should work without problems and should be in fact better at lower timeframes since it allows more weeks. The values displayed represent previous data and at no point is guaranteed future values 7 - Final Tooughs This script was quite fun to work on since it analysis behavioral patterns (since from an abstract point a Tuesday is no different than a Thursday), but after analyzing multiple tickers there are some days that tend to close higher than the open. PS: If you find any mistake ex: code/misspelling please comment.
Penunjuk Pine Script®
oleh MA_PT
25
Nick_OS RangesUNDERSTANDING THE SCRIPT: TIMEFRAME RESOLUTION: * You have the option to choose Daily , Weekly , or Monthly LOOKBACK WINDOW: * This number represents how far back you want the data to pull from - Example: "250" would represent the past 250 Days, Weeks, or Months depending on what is selected in the Timeframe Resolution RANGE 1 nth (Gray lines): * This number represents the range of the nth biggest day, week, or month in the Lookback Window - Example: "30" would represent the range of the 30th biggest day in the past 250 days. (If the Lookback Window is "250") RANGE 2 nth (Blue lines): * This number represents the range of the nth biggest day, week, or month in the Lookback Window - Example: "10" would represent the range of the 10th biggest day in the past 250 days. (If the Lookback Window is "250") RANGE 3 nth (Pink lines): * This number represents the range of the nth biggest day, week, or month in the Lookback Window - Example: "3" would represent the range of the 3rd biggest day in the past 250 days. (If the Lookback Window is "250") YELLOW LINES: * The yellow lines are the average percentage move of the inputted number in the Lookback Window SUGGESTED INPUTS: FOR DAILY: Lookback Window: 250 Range 1 nth: 30 Range 2 nth: 10 Range 3 nth: 3 FOR WEEKLY: Lookback Window: 50 Range 1 nth: 10 Range 2 nth: 5 Range 3 nth: 2 FOR MONTHLY: Lookback Window: 12 Range 1 nth: 3 Range 2 nth: 2 Range 3 nth: 1 TIMEFRAMES TO USE (If You Have TradingView Premium): Daily: 5 minute timeframe and higher (15 minute timeframe and higher for Futures) Weekly: 15 minute timeframe and higher Monthly: Daily timeframe and higher (Monthly still has issues) TIMEFRAMES TO USE (If You DO NOT Have TradingView Premium): Daily: 15 minute timeframe and higher Weekly: 30 minute timeframe and higher Monthly: Daily timeframe and higher (Monthly still has issues) IMPORTANT RELATED NOTE: If you decide to use a higher Lookback Window, the ranges might be off and the timeframes listed above might not apply ISSUES THAT MIGHT BE RESOLVED IN THE FUTURE 1. If it is a shortened week (No Monday or Friday), then the Weekly Ranges will show the same ranges as last week 2. Monthly ranges will change based on any timeframe used
Penunjuk Pine Script®
oleh NickMaterazzo
OHLCVDataOHLCV Data Power Library Multi-Timeframe Market Data with Mathematical Precision 📌 Overview This Pine Script library provides structured OHLCV (Open, High, Low, Close, Volume) data across multiple timeframes using mathematically significant candle counts (powers of 3). Designed for technical analysts who work with fractal market patterns and need efficient access to higher timeframe data. ✨ Key Features 6 Timeframes: 5min, 1H, 4H, 6H, 1D, and 1W data Power-of-3 Candle Counts: 3, 9, 27, 81, and 243 bars Structured Data: Returns clean OHLCV objects with all price/volume components Pine Script Optimized: Complies with all security() call restrictions 📊 Timeframe Functions pinescript f_get5M_3() // 3 candles of 5min data f_get1H_27() // 27 candles of 1H data f_get1D_81() // 81 candles of daily data // ... and 27 other combinations 🚀 Usage Example pinescript import YourName/OHLCVData/1 as OHLCV weeklyData = OHLCV.f_get1W_27() // Get 27 weekly candles latestHigh = array.get(weeklyData, 0).high plot(latestHigh, "Weekly High") 💡 Ideal For Multi-timeframe analysis Volume-profile studies Fractal pattern detection Higher timeframe confirmation ⚠️ Note Replace "YourName" with your publishing username All functions return arrays of OHLCV objects Maximum lookback = 243 candles 📜 Version History 1.0 - Initial release (2024)
Perpustakaan Pine Script®
oleh viorel8
Volume Flow RatioVolume Flow Ratio (VFR) Indicator Overview The Volume Flow Ratio (VFR) is a sophisticated volume analysis tool that measures current trading volume relative to the maximum volume of the previous period. Unlike traditional volume indicators that show raw volume or simple moving averages, VFR provides context by comparing current activity to recent maximum activity levels. Core Features 1. Split Period Analysis - Multiple Timeframe Options: - Daily: Compares to previous day's maximum - Weekly: Week-to-week comparison - NYSE Weekly: Specialized for stock market trading (Monday-Friday only) - Monthly: Month-to-month analysis - Quarterly: Quarter-to-quarter perspective - Yearly: Year-over-year volume comparison 2. Ratio-Based Measurement - Displays volume as a ratio (0 to 1+) rather than raw numbers - 1.0 represents volume equal to previous period's maximum - Example: If previous max was 50,000 contracts: - Current volume of 25,000 shows as 0.5 - Current volume of 75,000 shows as 1.5 3. Triple Coloring Modes - Moving Average Based: - Compares current ratio to its moving average - Customizable MA period - Green: Above MA (higher than average activity) - Red: Below MA (lower than average activity) - Previous Candle Comparison: - Simple increase/decrease from previous bar - Green: Higher than previous bar - Red: Lower than previous bar - Candle Color Based: - Syncs with price action - Green: Bullish candles (close > open) - Red: Bearish candles (close < open) Primary Use Cases 1. Volume Profile Analysis - Perfect for traders who need to understand when markets are most active - Helps identify unusual volume spikes relative to recent history - Useful for timing entries and exits based on market participation 2. Market Activity Traders Ideal for traders who: - Need to identify high-liquidity periods - Want to avoid low-volume periods - Look for volume breakouts or divergences - Trade based on institutional participation levels 3. Mean Reversion Traders Helps identify: - Overextended volume conditions (potential reversals) - Volume exhaustion points - Return to normal volume levels after spikes 4. Momentum Traders Useful for: - Confirming trend strength through volume - Identifying potential trend exhaustion - Validating breakouts with volume confirmation Advantages Over Traditional Volume Indicators 1. Contextual Analysis - Shows relative strength rather than raw numbers - Easier to compare across different time periods - Automatically adjusts to changing market conditions 2. Period-Specific Insights - Respects natural market cycles (daily, weekly, monthly) - Special handling for NYSE trading days - Eliminates weekend noise in stock market analysis 3. Flexible Visualization - Three distinct coloring methods for different trading styles - Clear reference line at 1.0 for quick analysis - Histogram style for easy pattern recognition Best Practices For Day Traders - Use Daily split for intraday volume patterns - MA coloring mode with shorter periods (5-10) - Focus on ratios during market hours For Swing Traders - Weekly or NYSE Weekly splits - Longer MA periods (15-20) - Look for sustained volume patterns For Position Traders - Monthly or Quarterly splits - Candle color mode for trend confirmation - Focus on major volume shifts Limitations - Requires one full period to establish baseline - May be less effective in extremely low volume conditions - NYSE Weekly mode specific to stock market hours This indicator is particularly valuable for traders who understand that volume is a crucial component of price action but need a more sophisticated way to analyze it than simple volume bars. It's especially useful for those who trade based on market participation levels and need to quickly identify whether current volume is significant relative to recent history.
Penunjuk Pine Script®
oleh mindyourbuisness
Elliott Wave - Impulse + Corrective Detector (Demo) เทคนิคการใช้ สำหรับมือใหม่ ดูเฉพาะ Impulse Wave ก่อน เทรดตาม direction ของ impulse ใช้ Fibonacci เป็น support/resistance สำหรับ Advanced ใช้ Corrective Wave หาจุด reversal รวม Triangle กับ breakout strategy ใช้ Complex correction วางแผนระยะยาว ⚙️ การปรับแต่ง ถ้าเจอ Pattern น้อยเกินไป ลด Swing Length เป็น 3-4 เพิ่ม Max History เป็น 500 ถ้าเจอ Pattern เยอะเกินไป เพิ่ม Swing Length เป็น 8-12 ปิด patterns ที่ไม่ต้องการ สำหรับ Timeframe ต่างๆ H1-H4: Swing Length = 5-8 Daily: Swing Length = 3-5 Weekly: Swing Length = 2-3 ⚠️ ข้อควรระวัง Elliott Wave เป็น subjective analysis ใช้ร่วมกับ indicators อื่นๆ Backtest ก่อนใช้เงินจริง Pattern อาจเปลี่ยนได้ตลอดเวลา 🎓 สรุป โค้ดนี้เป็นเครื่องมือช่วยวิเคราะห์ Elliott Wave ที่: ✅ ใช้งานง่าย ✅ ตรวจจับอัตโนมัติ ✅ มี confidence scoring ✅ แสดงผล Fibonacci levels ✅ ส่ง alerts เรียลไทม์ เหมาะสำหรับ: Trader ที่ต้องการใช้ Elliott Wave ในการวิเคราะห์เทคนิค แต่ไม่มีเวลานั่งหา pattern เอง 💡 Usage Tips For Beginners Focus on Impulse Waves first Trade in the direction of impulse Use Fibonacci as support/resistance levels For Advanced Users Use Corrective Waves to find reversal points Combine Triangles with breakout strategies Use Complex corrections for long-term planning ⚙️ Customization If You See Too Few Patterns Decrease Swing Length to 3-4 Increase Max History to 500 If You See Too Many Patterns Increase Swing Length to 8-12 Turn off unwanted pattern types For Different Timeframes H1-H4: Swing Length = 5-8 Daily: Swing Length = 3-5 Weekly: Swing Length = 2-3 ⚠️ Important Warnings Elliott Wave is subjective analysis Use with other technical indicators Backtest before using real money Patterns can change at any time 🔧 Troubleshooting No Patterns Showing Check if you have enough price history Adjust Swing Length settings Make sure pattern detection is enabled Too Many False Signals Increase confidence threshold requirements Use higher timeframes Combine with trend analysis Performance Issues Reduce Max History setting Turn off unnecessary visual elements Use on liquid markets only 📈 Trading Applications Entry Strategies Wave 3 Entry: After Wave 2 completion (61.8%-78.6% retracement) Wave 5 Target: Equal to Wave 1 or Fibonacci extensions Corrective Bounce: Trade reversals at C wave completion Risk Management Stop Loss: Beyond pattern invalidation levels Take Profit: Fibonacci extension targets Position Sizing: Based on pattern confidence 🎓 Summary This code is an Elliott Wave analysis tool that offers: ✅ Easy to use interface ✅ Automatic pattern detection ✅ Confidence scoring system ✅ Fibonacci level display ✅ Real-time alerts Perfect for: Traders who want to use Elliott Wave analysis but don't have time to manually identify patterns. 📚 Quick Reference Pattern Hierarchy (Most to Least Reliable) Impulse Waves (90% confidence) Expanded Flats (85% confidence) Zigzags (80% confidence) Triangles (75% confidence) Complex Corrections (70% confidence) Best Practices Start with higher timeframes for main trend Use lower timeframes for precise entries Always confirm with volume and momentum Don't trade against strong fundamental news Keep a trading journal to track performance Remember: Elliott Wave is an art as much as a science. This tool helps identify potential patterns, but always use your judgment and additional analysis before making trading decisions.
Penunjuk Pine Script®
oleh chadayu77
Highs & Lows - Multi TimeFrame### **📌 HL-MWD (Highs & Lows - Multi Timeframe Indicator) – Community Release** #### **🔹 Overview** The **HL-MWD Indicator** is a **multi-timeframe support & resistance tool** that plots **historical highs and lows** from **daily, weekly, and monthly timeframes** onto an intraday chart. It helps traders **identify key levels of support and resistance** that have influenced price action over different timeframes. This indicator is useful for **day traders, swing traders, and position traders** who rely on **multi-timeframe analysis** to spot critical price levels. --- ### **🔥 Key Features** ✅ **Plots Highs & Lows for Daily, Weekly, and Monthly Timeframes** ✅ **Customizable Lookback Periods for Each Timeframe** ✅ **Adjustable Line Colors, Styles (Solid, Dotted, Dashed), and Widths** ✅ **Extend Lines into the Future to Identify Key Price Levels** ✅ **Option to Display Price Labels for Each Level** ✅ **Gradient Option to Highlight Recent Highs & Lows (Disabled by Default)** ✅ **Compatible with Intraday, Daily, and Weekly Charts** --- ### **📈 How It Works** - **Daily Highs & Lows:** Captures the **highest and lowest prices** within the selected lookback period (default: **14 bars**). - **Weekly Highs & Lows:** Marks the **highest and lowest prices** within the chosen weekly lookback (default: **52 bars**). - **Monthly Highs & Lows:** Displays the **high and low points** from the monthly timeframe (default: **36 bars**). - **Extended Lines:** Project past highs and lows **into the future** to help identify **potential support & resistance zones**. --- ### **⚠️ TradingView Lookback Limitations** 🔹 **TradingView has a limit on how many historical bars can be accessed per timeframe**, which affects how far back the indicator can retrieve data. 🔹 **Intraday charts (e.g., 5m, 15m) have a limited number of past bars**, meaning: - **You won’t be able to view 36 months' worth of monthly levels** on a **5-minute chart**, because TradingView doesn’t store that much data in lower timeframes. - **If multiple timeframes (e.g., weekly + monthly) are enabled at the same time**, some historical data may **not be available on shorter timeframes**. 🔹 **Recommendation:** - If using **monthly lookbacks (36 months+), view them on a daily or higher timeframe**. - If using **weekly lookbacks (52 weeks+), higher intraday timeframes (e.g., 1-hour, 4-hour) are better suited**. - **Lower timeframes (1m, 5m, 15m) may miss some levels** if TradingView's bar limit is exceeded. --- ### **⚙️ Customization Options** | **Setting** | **Default Value** | **Description** | |------------------|----------------|----------------| | **Daily Lookback** | `14` | Number of bars used to calculate daily highs/lows. | | **Weekly Lookback** | `52` | Number of bars used to calculate weekly highs/lows. | | **Monthly Lookback** | `36` | Number of bars used to calculate monthly highs/lows. | | **Line Colors** | Daily: `Blue` Weekly: `Green` Monthly: `Red` | Customizable colors for each timeframe. | | **Line Style** | `Solid` | Options: Solid, Dashed, Dotted. | | **Line Width** | `1` | Thickness of the plotted lines. | | **Extend Line** | `1` | Controls how far the highs/lows extend into the future. | | **Display Price Labels** | `Enabled` | Shows price labels on each level. | --- ### **🛠️ How to Use It** - **Enable/disable different timeframes** based on your strategy. - **Customize colors, line styles, and widths** to match your charting style. - **Use extended lines to identify support & resistance zones.** - **Watch price reactions at these levels** for potential entries, exits, and stop-loss placements. --- ### **🚀 Final Thoughts** The **HL-MWD Indicator** is a **powerful multi-timeframe tool** that helps traders **visualize key support & resistance levels** from higher timeframes on an intraday chart. ⚠️ **However, TradingView’s lookback limits apply—so for longer-term levels, higher timeframes are recommended.** 📌 **Now published for the community!** Let me know if you need any last-minute tweaks! 🔥
Penunjuk Pine Script®
oleh Bucknut206
Multiple Naked LevelsPURPOSE OF THE INDICATOR This indicator autogenerates and displays naked levels and gaps of multiple types collected into one simple and easy to use indicator. VALUE PROPOSITION OF THE INDICATOR AND HOW IT IS ORIGINAL AND USEFUL 1) CONVENIENCE : The purpose of this indicator is to offer traders with one coherent and robust indicator providing useful, valuable, and often used levels - in one place. 2) CLUSTERS OF CONFLUENCES : With this indicator it is easy to identify levels and zones on the chart with multiple confluences increasing the likelihood of a potential reversal zone. THE TYPES OF LEVELS AND GAPS INCLUDED IN THE INDICATOR The types of levels include the following: 1) PIVOT levels (Daily/Weekly/Monthly) depicted in the chart as: dnPIV, wnPIV, mnPIV. 2) POC (Point of Control) levels (Daily/Weekly/Monthly) depicted in the chart as: dnPoC, wnPoC, mnPoC. 3) VAH/VAL STD 1 levels (Value Area High/Low with 1 std) (Daily/Weekly/Monthly) depicted in the chart as: dnVAH1/dnVAL1, wnVAH1/wnVAL1, mnVAH1/mnVAL1 4) VAH/VAL STD 2 levels (Value Area High/Low with 2 std) (Daily/Weekly/Monthly) depicted in the chart as: dnVAH2/dnVAL2, wnVAH2/wnVAL2, mnVAH1/mnVAL2 5) FAIR VALUE GAPS (Daily/Weekly/Monthly) depicted in the chart as: dnFVG, wnFVG, mnFVG. 6) CME GAPS (Daily) depicted in the chart as: dnCME. 7) EQUILIBRIUM levels (Daily/Weekly/Monthly) depicted in the chart as dnEQ, wnEQ, mnEQ. HOW-TO ACTIVATE LEVEL TYPES AND TIMEFRAMES AND HOW-TO USE THE INDICATOR You can simply choose which of the levels to be activated and displayed by clicking on the desired radio button in the settings menu. You can locate the settings menu by clicking into the Object Tree window, left-click on the Multiple Naked Levels and select Settings. You will then get a menu of different level types and timeframes. Click the checkboxes for the level types and timeframes that you want to display on the chart. You can then go into the chart and check out which naked levels that have appeared. You can then use those levels as part of your technical analysis. The levels displayed on the chart can serve as additional confluences or as part of your overall technical analysis and indicators. In order to back-test the impact of the different naked levels you can also enable tapped levels to be depicted on the chart. Do this by toggling the 'Show tapped levels' checkbox. Keep in mind however that Trading View can not shom more than 500 lines and text boxes so the indocator will not be able to give you the complete history back to the start for long duration assets. In order to clean up the charts a little bit there are two additional settings that can be used in the Settings menu: - Selecting the price range (%) from the current price to be included in the chart. The default is 25%. That means that all levels below or above 20% will not be displayed. You can set this level yourself from 0 up to 100%. - Selecting the minimum gap size to include on the chart. The default is 1%. That means that all gaps/ranges below 1% in price difference will not be displayed on the chart. You can set the minimum gap size yourself. BASIC DESCRIPTION OF THE INNER WORKINGS OF THE INDICTATOR The way the indicator works is that it calculates and identifies all levels from the list of levels type and timeframes above. The indicator then adds this level to a list of untapped levels. Then for each bar after, it checks if the level has been tapped. If the level has been tapped or a gap/range completely filled, this level is removed from the list so that the levels displayed in the end are only naked/untapped levels. Below is a descrition of each of the level types and how it is caluclated (algorithm): PIVOT Daily, Weekly and Monthly levels in trading refer to significant price points that traders monitor within the context of a single trading day. These levels can provide insights into market behavior and help traders make informed decisions regarding entry and exit points. Traders often use D/W/M levels to set entry and exit points for trades. For example, entering long positions near support (daily close) or selling near resistance (daily close). Daily levels are used to set stop-loss orders. Placing stops just below the daily close for long positions or above the daily close for short positions can help manage risk. The relationship between price movement and daily levels provides insights into market sentiment. For instance, if the price fails to break above the daily high, it may signify bearish sentiment, while a strong breakout can indicate bullish sentiment. The way these levels are calculated in this indicator is based on finding pivots in the chart on D/W/M timeframe. The level is then set to previous D/W/M close = current D/W/M open. In addition, when price is going up previous D/W/M open must be smaller than previous D/W/M close and current D/W/M close must be smaller than the current D/W/M open. When price is going down the opposite. POINT OF CONTROL The Point of Control (POC) is a key concept in volume profile analysis, which is commonly used in trading. It represents the price level at which the highest volume of trading occurred during a specific period. The POC is derived from the volume traded at various price levels over a defined time frame. In this indicator the timeframes are Daily, Weekly, and Montly. It identifies the price level where the most trades took place, indicating strong interest and activity from traders at that price. The POC often acts as a significant support or resistance level. If the price approaches the POC from above, it may act as a support level, while if approached from below, it can serve as a resistance level. Traders monitor the POC to gauge potential reversals or breakouts. The way the POC is calculated in this indicator is by an approximation by analysing intrabars for the respective timeperiod (D/W/M), assigning the volume for each intrabar into the price-bins that the intrabar covers and finally identifying the bin with the highest aggregated volume. The POC is the price in the middle of this bin. The indicator uses a sample space for intrabars on the Daily timeframe of 15 minutes, 35 minutes for the Weekly timeframe, and 140 minutes for the Monthly timeframe. The indicator has predefined the size of the bins to 0.2% of the price at the range low. That implies that the precision of the calulated POC og VAH/VAL is within 0.2%. This reduction of precision is a tradeoff for performance and speed of the indicator. This also implies that the bigger the difference from range high prices to range low prices the more bins the algorithm will iterate over. This is typically the case when calculating the monthly volume profile levels and especially high volatility assets such as alt coins. Sometimes the number of iterations becomes too big for Trading View to handle. In these cases the bin size will be increased even more to reduce the number of iterations. In such cases the bin size might increase by a factor of 2-3 decreasing the accuracy of the Volume Profile levels. Anyway, since these Volume Profile levels are approximations and since precision is traded for performance the user should consider the Volume profile levels(POC, VAH, VAL) as zones rather than pin point accurate levels. VALUE AREA HIGH/LOW STD1/STD2 The Value Area High (VAH) and Value Area Low (VAL) are important concepts in volume profile analysis, helping traders understand price levels where the majority of trading activity occurs for a given period. The Value Area High/Low is the upper/lower boundary of the value area, representing the highest price level at which a certain percentage of the total trading volume occurred within a specified period. The VAH/VAL indicates the price point above/below which the majority of trading activity is considered less valuable. It can serve as a potential resistance/support level, as prices above/below this level may experience selling/buying pressure from traders who view the price as overvalued/undervalued In this indicator the timeframes are Daily, Weekly, and Monthly. This indicator provides two boundaries that can be selected in the menu. The first boundary is 70% of the total volume (=1 standard deviation from mean). The second boundary is 95% of the total volume (=2 standard deviation from mean). The way VAH/VAL is calculated is based on the same algorithm as for the POC. However instead of identifying the bin with the highest volume, we start from range low and sum up the volume for each bin until the aggregated volume = 30%/70% for VAL1/VAH1 and aggregated volume = 5%/95% for VAL2/VAH2. Then we simply set the VAL/VAH equal to the low of the respective bin. FAIR VALUE GAPS Fair Value Gaps (FVG) is a concept primarily used in technical analysis and price action trading, particularly within the context of futures and forex markets. They refer to areas on a price chart where there is a noticeable lack of trading activity, often highlighted by a significant price movement away from a previous level without trading occurring in between. FVGs represent price levels where the market has moved significantly without any meaningful trading occurring. This can be seen as a "gap" on the price chart, where the price jumps from one level to another, often due to a rapid market reaction to news, events, or other factors. These gaps typically appear when prices rise or fall quickly, creating a space on the chart where no transactions have taken place. For example, if a stock opens sharply higher and there are no trades at the prices in between the two levels, it creates a gap. The areas within these gaps can be areas of liquidity that the market may return to “fill” later on. FVGs highlight inefficiencies in pricing and can indicate areas where the market may correct itself. When the market moves rapidly, it may leave behind price levels that traders eventually revisit to establish fair value. Traders often watch for these gaps as potential reversal or continuation points. Many traders believe that price will eventually “fill” the gap, meaning it will return to those price levels, providing potential entry or exit points. This indicator calculate FVGs on three different timeframes, Daily, Weekly and Montly. In this indicator the FVGs are identified by looking for a three-candle pattern on a chart, signalling a discrete imbalance in order volume that prompts a quick price adjustment. These gaps reflect moments where the market sentiment strongly leans towards buying or selling yet lacks the opposite orders to maintain price stability. The indicator sets the gap to the difference from the high of the first bar to the low of the third bar when price is moving up or from the low of the first bar to the high of the third bar when price is moving down. CME GAPS (BTC only) CME gaps refer to price discrepancies that can occur in charts for futures contracts traded on the Chicago Mercantile Exchange (CME). These gaps typically arise from the fact that many futures markets, including those on the CME, operate nearly 24 hours a day but may have significant price movements during periods when the market is closed. CME gaps occur when there is a difference between the closing price of a futures contract on one trading day and the opening price on the following trading day. This difference can create a "gap" on the price chart. Opening Gaps: These usually happen when the market opens significantly higher or lower than the previous day's close, often influenced by news, economic data releases, or other market events occurring during non-trading hours. Gaps can result from reactions to major announcements or developments, such as earnings reports, geopolitical events, or changes in economic indicators, leading to rapid price movements. The importance of CME Gaps in Trading is the potential for Filling Gaps: Many traders believe that prices often "fill" gaps, meaning that prices may return to the gap area to establish fair value. This can create potential trading opportunities based on the expectation of gap filling. Gaps can act as significant support or resistance levels. Traders monitor these levels to identify potential reversal points in price action. The way the gap is identified in this indicator is by checking if current open is higher than previous bar close when price is moving up or if current open is lower than previous day close when price is moving down. EQUILIBRIUM Equilibrium in finance and trading refers to a state where supply and demand in a market balance each other, resulting in stable prices. It is a key concept in various economic and trading contexts. Here’s a concise description: Market Equilibrium occurs when the quantity of a good or service supplied equals the quantity demanded at a specific price level. At this point, there is no inherent pressure for the price to change, as buyers and sellers are in agreement. Equilibrium Price is the price at which the market is in equilibrium. It reflects the point where the supply curve intersects the demand curve on a graph. At the equilibrium price, the market clears, meaning there are no surplus goods or shortages. In this indicator the equilibrium level is calculated simply by finding the midpoint of the Daily, Weekly, and Montly candles respectively. NOTES 1) Performance. The algorithms are quite resource intensive and the time it takes the indicator to calculate all the levels could be 5 seconds or more, depending on the number of bars in the chart and especially if Montly Volume Profile levels are selected (POC, VAH or VAL). 2) Levels displayed vs the selected chart timeframe. On a timeframe smaller than the daily TF - both Daily, Weekly, and Monthly levels will be displayed. On a timeframe bigger than the daily TF but smaller than the weekly TF - the Weekly and Monthly levels will be display but not the Daily levels. On a timeframe bigger than the weekly TF but smaller than the monthly TF - only the Monthly levels will be displayed. Not Daily and Weekly. CREDITS The core algorithm for calculating the POC levels is based on the indicator "Naked Intrabar POC" developed by rumpypumpydumpy (https:www.tradingview.com/u/rumpypumpydumpy/). The "Naked intrabar POC" indicator calculates the POC on the current chart timeframe. This indicator (Multiple Naked Levels) adds two new features: 1) It calculates the POC on three specific timeframes, the Daily, Weekly, and Monthly timeframes - not only the current chart timeframe. 2) It adds functionaly by calculating the VAL and VAH of the volume profile on the Daily, Weekly, Monthly timeframes .
Penunjuk Pine Script®
oleh alfg
23
Real-Time Open Levels with Labels + Info TableReal-Time Multi-Timeframe Open Levels with Labels & Info Panel Overview This indicator displays real-time opening price levels across multiple timeframes (Monthly, Weekly, Daily, 4H) directly on your chart. It features: • Dynamic horizontal lines extending through each timeframe period • Customizable labels with text/colors • Special 4H line treatment for the last hour (5-min charts only) • Integrated information panel showing symbol, timeframe, and price changes ! (www.tradingview.com) *Example showing multiple timeframe levels with labels and info panel* --- Features & Configuration 1. Monthly Settings ! (www.tradingview.com) Show Monthly: Toggle visibility of monthly opening price Color: Semi-transparent blue (#2196F3 at 70% opacity) Width: 2px line thickness Style: Solid/Dotted/Dashed Label: Display "M-Open" text with white text on blue background 2. Weekly Settings ! (www.tradingview.com) Show Weekly: Toggle weekly opening price visibility Color: Semi-transparent red (#FF5252 at 70% opacity) Width: 1px thickness Style: Dotted by default Label: "W-Open" text in white on red background 3. Daily Settings ! (www.tradingview.com) Show Daily: Toggle daily opening price Color: Amber (#FFA000 at 70% opacity) Width: 2px thickness Style: Solid Label: "D-Open" in white on orange background --- 4. 4-Hour Settings (5-Minute Charts Only) Special Features for 5-Min Timeframe: 1. Standard 4H Line • First 3 hours: Green (#4CAF50) dashed line • Last hour: Bright red solid line (configurable) • Vertical divider between 3rd/4th hours 2. Configuration Options • Main 4H Line: ◦ Color/Width/Style for initial 3 hours ◦ Toggle label ("H4-Open") visibility and styling • Final Hour Enhancement: *Last Hour Line* ◦ Unique red color and line style ◦ Separate width (1px) and style (Solid) *Divider Line* ◦ Vertical red dotted line marking last hour ◦ Adjustable position/width/transparency ! (www.tradingview.com) *4H levels showing 3-hour segment and final hour treatment* --- 5. Info Panel Settings Positioning: • Anchor to any chart corner (Top/Bottom + Left/Right combinations) • Three text sizes: Title (Huge), Change % (Large), Signature (Small) Display Elements: • Symbol: Show exchange prefix (e.g., "NASDAQ:") • Timeframe: Current chart period (e.g., "5m") • Change %: 24-hour price movement ▲/▼ percentage • Custom Signature: Add text/username in footer Styling: • Semi-transparent white text (#ffffff77) • Currency pair formatting (e.g., BTC/USD vs BTC-USD) ! (www.tradingview.com) *Sample info panel with all elements enabled* --- Usage Tips 1. Multi-Timeframe Context: Use levels to identify key daily/weekly support/resistance 2. 4H Trading: On 5-min charts, watch for price reactions near final hour transition 3. Customization: • Match line colors to your chart theme • Use different labels for clarity (e.g., "Weekly Open") • Disable unused elements to reduce clutter 4. Divider Lines: Helps identify institutional trading periods (hour closes) --- *Created using Pine Script v6. For optimal performance, use on charts <1H timeframe. ()*
Penunjuk Pine Script®
oleh trader-KK
Fibonacci Extension Strt StrategyCore Logic and Steps: Weekly Trend Identification: Find the last significant Higher High (HH) and Lower Low (LL) or vice-versa on the Weekly timeframe. Determine if it's an uptrend (HH followed by LL) or a downtrend (LL followed by HH). Plot a Fibonacci Extension (or Retracement in reverse order) from the swing point determined to the other significant swing point. Weekly Retracement Levels: Display horizontal lines at the 0.236, 0.382, and 0.5 Fibonacci levels from the weekly extension. Monitor price action on these levels. Daily Confirmation: When price hits the Fib levels, examine the Daily chart. Look for a rejection wick (indicating the pull back is ending) on the identified weekly retracement levels. Confirm that the price is indeed starting to continue in the direction of the original weekly trend. Four-Hour Entry: On the 4H timeframe, plot a new Fib Extension in the opposite direction of the weekly. If it's an uptrend, the Fib is plotted from last swing low to its swing high. If the weekly trend was bearish the Fib will be plotted from last swing high to the swing low. Generate an entry when price breaks the high of that candle. Trade Management: Entry is on the breakout of the current candle. Stop Loss: Place the stop loss below the wick of the breakout candle. Take Profit 1: Close 50% of the position at the 0.5 Fibonacci level. Move the stop loss to breakeven on this position. Take Profit 2: Close another 25% of the position at the 0.236 Fib level. Trailing Take Profit: Keep the last 25% open, using a trailing stop loss. (You'll need to define the logic for the trailing stop, e.g., trailing stop using the last high/low) How to Use in TradingView: Open a TradingView Chart. Click on "Pine Editor" at the bottom. Copy and paste the corrected Pine Script code. Click "Add to Chart". The indicator should now be displayed on your chart.
Penunjuk Pine Script®
oleh smithyommite
2
[TTI] Closing Range Indicator📜 ––––HISTORY & CREDITS–––– This Pine Script Utility indicator, titled " Closing Range Indicator," is designed and developed by TintinTrading but inspired by the teaching of Investor's Business Daily (IBD) and William O'Neil. It aims to help traders identify the closing range of a given timeframe, either daily or weekly. 🦄 –––UNIQUENESS––– The unique feature of this indicator lies in its ability to simulate a functionality of Closing Range calculation based on hovering of the mouse over the close. It employs a conditional display that allows the user to set the indicator as 'invisible' without removing it from the chart and hence provides a numerical closing range value when hovering over the indicator. 🛠️ ––––WHAT IT DOES–––– The Closing Range Indicator calculates the closing range of a trading bar in terms of percentages. It computes the difference between the closing price and the low price of the bar, and then divides it by the range of the bar. A stock that closes on the high would display 100% A stock that closes on the low would display 0% Generally, the higher the percentage the more bullish the close but there are exceptions to this rule. The indicator can operate on two timeframes: Daily : Computes the closing range based on the daily high, low, and closing prices. Weekly : Computes the closing range based on the weekly high, low, and closing prices. If you enable the weekly it will show the weekly close on all daily timeframes. Meaning that if the week Closing range is 54.15% on Friday, it will show the value 54.15% for all days prior to Friday from the same week. The indicator places a label at the close of each bar, with the label's tooltip showing the calculated closing range percentage. I generally hide the label and just reference the tooltip calculation with a a hoover on top of the bar. 💡 ––––HOW TO USE IT–––– Installation: Add the indicator to your TradingView chart by searching for " Closing Range Indicator" in the indicator library. Reorder: Reorder the indicator so that it sits as the first indicator (even above the price) on the Pane. This will make sure that you always trigger the tooltip functionality. Go to Settings: Timeframe: Choose between daily ('D') and weekly ('W') timeframes from the settings. Visibility: Enable the 'Make Invisible' option if you want the indicator to be hidden. Interpretation: A higher percentage indicates that the closing price is closer to the high of the range, signaling bullish sentiment. A lower percentage indicates bearish sentiment. Tooltip: Hover over the label to view the closing range in percentage terms.
Penunjuk Pine Script®
oleh TintinTrading
1