ZONE Supply Demand Strategy1ZONE BUY STRATEGY
In this method look for recent block of black candles and take the before black candle as base handle ,Draw a line forward with the value open and close of the base candle ,When the price falls into this region next in near future execute buy order. Stop loss wont work.
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ZoneBarsBill Williams Zone and Squat Bars. See New Trading Dimensions by Bill Williams, PhD.
Bars are green (green zone) when the Awesome Oscillator and Accelerator/Decelerator are both positive.
Bars are red (red zone) when the Awesome Oscillator and Accelerator/Decelerator are both negative.
Bars are blue when a squat bar is formed, these indicate a battle between bulls and bears and often happen near trend continuation or trend changes.
Caution: Assumes chart is a bar chart - not a candle chart.
Caution: Squat bars are accurate only with official exchange volume data - BATS data will give false squat bars.
ZoneBarsBill Williams Zone and Squat Bars. See New Trading Dimensions by Bill Williams, PhD.
Bars are green (green zone) when the Awesome Oscillator and Accelerator/Decelerator are both positive.
Bars are red (red zone) when the Awesome Oscillator and Accelerator/Decelerator are both negative.
Bars are blue when a squat bar is formed, these indicate a battle between bulls and bears and often happen near trend continuation or trend changes.
Caution: Assumes chart is a bar chart - not a candle chart.
Caution: Squat bars are accurate only with official exchange volume data - BATS data will give false squat bars.
ZoneBarsBill Williams Zone and Squat Bars. See New Trading Dimensions by Bill Williams, PhD.
Bars are green (green zone) when the Awesome Oscillator and Accelerater/Decelerator are both positive.
Bars are red (red zone) when the Awesome Oscillator and Accelerater/Decelerator are both negative.
Bars are blue when a squat bar is formed, these indicate a battle between bulls and bears and often happen near trend continuation or trend changes.
Caution: Assumes chart is a bar chart - not a candle chart.
Caution: Squat bars are accurate only with official exchange volume data - BATS data will give false squat bars.
Zone Moving Average Color Direction Detection This indicator generates a zone for a moving average by means of the high and low source of the same average, the moving average should be worked as zones not as a line, by default a simple average of 200 periods is configured, the indicator has direction detection and represents it by the green and red colors, it also has padding with the same characteristic, it is possible to configure the following:
- Type: SMA, EMA, WMA, VWMA, SMMA, DEMA, THEME, HULLMA, ZEMA, TMA, SSMA
- Period / Length
- Source
- Color Direction Detection
Release Notes: Add a field to change the reaction in the change of color and direction of the Media, set to 1 is the fastest, a larger number filters the address better but is slower, 3 is set by default.
The Zone Trades v1.0The Zone is mention in New Trading Dimensions by Bill Williams,PhD.
The Zone is used for Entry Signal
Green Zone are painting Green Bars when Awesome Oscillator (AO) and Accelerater/Decelerator (AC) are both increasing.
Red Zone are painting Red Bars when Awesome Oscillator (AO) and Accelerater/Decelerator (AC) are both decreasing.
Gray Zone are painting Gray Bars AO and AC in difference changing
Gray Zone are indicate the indecision between bulls and bears.
Bill Williams, PhD. mention that Green Zone or Red Zone usually happen 6-8 bars Continuously.
The First Bar that change to be Green or Red color is the Signal Bar.
Entry Signal is the second bar in the same color as the Signal bar happen with Volume
Price go higher the high of previous Green Bar is Buy Signal. Entry Buy (Long) and place Stop at 1 tick lower the Low of previous bar.
Price go ;ower the Low of previous Red Bars is Sell Signal. Entry Sell (Short) and place Stop at 1 tick higher the High of previous bar.
Do not Entry if Green Bars or Red Bars completed 5 bars continuously.
DTFX Algo Zones [SamuraiJack Mod]CME_MINI:NQ1!
Credits
This indicator is a modified version of an open-source tool originally developed by Lux Algo. I literally modded their indicator to create the DTFX Algo Zones version, incorporating additional features and refinements. Special thanks to Lux Algo for their original work and for providing the open-source code that made this development possible.
Introduction
DTFX Algo Zones is a technical analysis indicator designed to automatically identify key supply and demand zones on your chart using market structure and Fibonacci retracements. It helps traders spot high-probability reversal areas and important support/resistance levels at a glance. By detecting shifts in market structure (such as Break of Structure and Change of Character) and highlighting bullish or bearish zones dynamically, this tool provides an intuitive framework for planning trades. The goal is to save traders time and improve decision-making by focusing attention on the most critical price zones where market bias may confirm or reverse.
Logic & Features
• Market Structure Shift Detection (BOS & CHoCH): The indicator continuously monitors price swings and marks significant structure shifts. A Break of Structure (BOS) occurs when price breaks above a previous swing high or below a swing low, indicating a continuation of the current trend. A Change of Character (ChoCH) is detected when price breaks in the opposite direction of the prior trend, often signaling an early trend reversal. These moments are visually marked on the chart, serving as anchor points for new zones. By identifying BOS and ChoCH in real-time, the DTFX Algo Zones indicator ensures you’re aware of key trend changes as they happen.
• Auto-Drawn Fibonacci Supply/Demand Zones: Upon a valid structure shift, the indicator plots a Fibonacci-based zone between the breakout point and the preceding swing high/low (the source of the move). This creates a shaded area or band of Fibonacci retracement levels (for example 38.2%, 50%, 61.8%, etc.) representing a potential support zone in an uptrend or resistance zone in a downtrend. These supply/demand zones are derived from the natural retracement of the breakout move, highlighting where price is likely to pull back. Each zone is essentially an auto-generated Fibonacci retracement region tied to a market structure event, which traders can use to anticipate where the next pullback or bounce might occur.
• Dynamic Bullish and Bearish Zones: The DTFX Algo Zones indicator distinguishes bullish vs. bearish zones and updates them dynamically as new price action unfolds. Bullish zones (formed after bullish BOS/ChoCH) are typically highlighted in one color (e.g. green or blue) to indicate areas of demand/support where price may bounce upward. Bearish zones (formed after bearish BOS/ChoCH) are shown in another color (e.g. red/orange) to mark supply/resistance where price may stall or reverse downward. This color-coding and real-time updating allow traders to instantly recognize the market bias: for instance, a series of bullish zones implies an uptrend with multiple support levels on pullbacks, while consecutive bearish zones indicate a downtrend with resistance overhead. As old zones get invalidated or new ones appear, the chart remains current with the latest key levels, eliminating clutter from outdated levels.
• Flexible Customization: The indicator comes with several options to tailor the zones to your trading style. You can filter which zones to display – for example, show only the most recent N zones or limit to only bullish or only bearish zones – helping declutter the chart and focus on recent, relevant levels. There are settings to control zone extension (how far into the future the zones are drawn) and to automatically invalidate zones once they’re no longer relevant (for instance, if price fully breaks through a zone or a new structure shift occurs that supersedes it). Additionally, the Fibonacci retracement levels within each zone are customizable: you can choose which retracement percentages to plot, adjust their colors or line styles, and decide whether to fill the zone area for visibility. This flexibility ensures the DTFX Algo Zones can be tuned for different markets and strategies, whether you want a clean minimalist look or detailed zones with multiple internal levels.
Best Use Cases
DTFX Algo Zones is a versatile indicator that can enhance various trading strategies. Some of its best use cases include:
• Identifying High-Probability Reversal Zones: Each zone marks an area where price has a higher likelihood of stalling or reversing because it reflects a significant prior swing and Fibonacci retracement. Traders can watch these zones for entry opportunities when the market approaches them, as they often coincide with order block or strong supply/demand areas. This is especially useful for catching trend reversals or pullbacks at points where risk is lower and potential reward is higher.
• Spotting Key Support and Resistance: The automatically drawn zones act as dynamic support (below price) and resistance (above price) levels. Instead of manually drawing Fibonacci retracements or support/resistance lines, you get an instant map of the key levels derived from recent price action. This helps in quickly identifying where the next bounce (support) or rejection (resistance) might occur. Swing traders and intraday traders alike can use these zones to set alerts or anticipate reaction areas as the market moves.
• Trend-Following Entries: In a trending market, the indicator’s zones provide ideal areas to join the trend on pullbacks. For example, in an uptrend, when a new bullish zone is drawn after a BOS, it indicates a fresh demand zone – buying near the lower end of that zone on a pullback can offer a low-risk entry to ride the next leg up. Similarly, in a downtrend, selling rallies into the highlighted supply zones can position you in the direction of the prevailing trend. The zones effectively serve as a roadmap of the trend’s structure, allowing trend traders to buy dips and sell rallies with greater confidence.
• Mean-Reversion and Range Trading: Even in choppy or range-bound markets, DTFX Algo Zones can help find mean-reversion trades. If price is oscillating sideways, the zones at extremes of the range might mark where momentum is shifting (ChoCH) and price could swing back toward the mean. A trader might fade an extended move when it reaches a strong zone, anticipating a reversion. Additionally, if multiple zones cluster in an area across time (creating a zone overlap), it often signifies a particularly robust support/resistance level ideal for range trading strategies.
In all these use cases, the indicator’s ability to filter out noise and highlight structurally important levels means traders can focus on higher-probability setups and make more informed trading decisions.
Strategy – Pullback Trading with DTFX Algo Zones
One of the most effective ways to use the DTFX Algo Zones indicator is trading pullbacks in the direction of the trend. Below is a step-by-step strategy to capitalize on pullbacks using the zones, combining the indicator’s signals with sound price action analysis and risk management:
1. Identify a Market Structure Shift and Trend Bias: First, observe the chart for a recent BOS or ChoCH signal from the indicator. This will tell you the current trend bias. For instance, a bullish BOS/ChoCH means the market momentum has shifted upward (bullish bias), and a new demand zone will be drawn. A bearish structure break indicates downward momentum and creates a supply zone. Make sure the broader context supports the bias (e.g., if multiple higher timeframe zones are bullish, focus on long trades).
2. Wait for the Pullback into the Zone: Once a new zone appears, don’t chase the price immediately. Instead, wait for price to retrace back into that highlighted zone. Patience is key – let the market come to you. For a bullish setup, allow price to dip into the Fibonacci retracement zone (demand area); for a bearish setup, watch for a rally into the supply zone. Often, the middle of the zone (around the 50% retracement level) can be an optimal area where price might slow down and pivot, but it’s wise to observe price behavior across the entire zone.
3. Confirm the Entry with Price Action & Confluence: As price tests the zone, look for confirmation signals before entering the trade. This can include bullish reversal candlestick patterns (for longs) or bearish patterns (for shorts) such as engulfing candles, hammers/shooting stars, or doji indicating indecision turning to reversal. Additionally, incorporate confluence factors to strengthen the setup: for example, check if the zone overlaps with a key moving average, a round number price level, or an old support/resistance line from a higher timeframe. You might also use an oscillator (like RSI or Stochastic) to see if the pullback has reached oversold conditions in a bullish zone (or overbought in a bearish zone), suggesting a bounce is likely. The more factors aligning at the zone, the more confidence you can have in the trade. Only proceed with an entry once you see clear evidence of buyers defending a demand zone or sellers defending a supply zone.
4. Enter the Trade and Manage Risk: When you’re satisfied with the confirmation (e.g., price starts to react positively off a demand zone or shows rejection wicks in a supply zone), execute your entry in the direction of the original trend. Immediately set a stop-loss order to control risk: for a long trade, a common placement is just below the demand zone (a few ticks/pips under the swing low that formed the zone); for a short trade, place the stop just above the supply zone’s high. This way, if the zone fails and price continues beyond it, your loss is limited. Position size the trade so that this stop-loss distance corresponds to a risk you are comfortable with (for example, 1-2% of your trading capital).
5. Take Profit Strategically: Plan your take-profit targets in advance. A conservative approach is to target the origin of the move – for instance, in a long trade, you might take profit as price moves back up to the swing high (the 0% Fibonacci level of the zone) or the next significant zone or resistance level above. This often yields at least a 1:1 reward-to-risk ratio if you entered around mid-zone. More aggressive trend-following traders may leave a portion of the position running beyond the initial target, aiming for a larger move in line with the trend (for example, new higher highs in an uptrend). You can also trail your stop-loss upward behind new higher lows (for longs) or lower highs (for shorts) as the trend progresses, locking in profit while allowing for further gains.
6. Monitor Zone Invalidation: Even after entering, keep an eye on the behavior around the zone and any new zones that may form. If price fails to bounce and instead breaks decisively through the entire zone, respect that as an invalidation – the market may be signaling a deeper reversal or that the signal was false. In such a case, it’s better to exit early or stick to your stop-loss than to hold onto a losing position. The indicator will often mark or no longer highlight zones that have been invalidated by price, guiding you to shift focus to the next opportunity.
Risk Management Tips:
• Always use a stop-loss and don’t move it farther out in hope. Placing the stop just beyond the zone’s far end (the swing point) helps protect you if the pullback turns into a larger reversal.
• Aim for a favorable risk-to-reward ratio. With pullback entries near the middle or far end of a zone, you can often achieve a reward that equals or exceeds your risk. For example, risking 20 pips to make 20+ pips (1:1 or better) is a prudent starting point. Adjust targets based on market structure – if the next resistance is 50 pips away, consider that upside against your risk.
• Use confluence and context: Don’t take every zone signal in isolation. The highest probability trades come when the DTFX Algo Zone aligns with other analysis (trend direction, chart patterns, higher timeframe support/resistance, etc.). This filtered approach will reduce trades taken in weak zones or counter-trend traps.
• Embrace patience and selectivity: Not all zones are equal. It can be wise to skip very narrow or insignificant zones and wait for those that form after a strong BOS/ChoCH (indicating a powerful move). Larger zones or zones formed during high-volume times tend to produce more reliable pullback opportunities.
• Review and adapt: After each trade, note how price behaved around the zone. If you notice certain Fib levels (like 50% or 61.8%) within the zone consistently provide the best entries, you can refine your approach to focus on those. Similarly, adjust the indicator’s settings if needed – for example, if too many minor zones are cluttering your screen, limit to the last few or increase the structure length parameter to capture only more significant swings.
⸻
By combining the DTFX Algo Zones indicator with disciplined confirmation and risk management, traders can improve their timing on pullback entries and avoid chasing moves. This indicator shines in helping you trade what you see, not what you feel – the clearly marked zones and structure shifts keep you grounded in price action reality. Whether you’re a trend trader looking to buy the dip/sell the rally, or a reversal trader hunting for exhaustion points, DTFX Algo Zones provides a robust visual aid to elevate your trading decisions. Use it as a complementary tool in your analysis to stay on the right side of the market’s structure and enhance your trading performance.
Impact Zones - Skylyne InvestingWhat is the Impact Zone system:
The creation of Impact Zones started with our love for trading the Bond Market. Impact Zones were originally specifically tailored for the Bond market and now have been mastered to capture most of the Asset Classes out in the market today (Please look at Impact Zone Settings section for asset classes covered by this script). The Impact Zone system is a zone break (or market level break) following system with specific take profit points already established for you on the open of the market day (depending on your asset timing will vary).
*This script was designed for Intraday Trading, Long term or Swing Trading is not recommended with this system
The script will create buy and sell signals on the break of the Impact Zones when specific criteria is met along with the break of the zone. You do not have to use only our signals provided, you can also create your own trading rules based on our script.
Items to highlight:
Skylyne Upper Zone: Green Zone
Skylyne Middle: Yellow Line
Skylyne Lower Zone: Red Zone
Skylyne Take Profit Lines: Purple Lines
Skylyne Average: Orange Line (dynamic support/resistance)
Skylyne Overnight Session: Dark Blue (No Trade Zones)
Skylyne Signals: Buy / Sell
You can think of the Upper Zone as a bull zone and Lower zone as a bear zone, when price enters these zones we want to start watching price action to determine direction the market will take on the break or specified zone, whether it be a break and reversal or a break and run. This can be confirmed with either our signals (buy & sell) or the use of the dynamic support and resistance line (Skylyne Average).
Our script is written to capture market zones and place then on your screen with ease, we also have programmed in specific take profits and stop loss levels we have found the market respects on the intraday trading based on the Impact Zone captured.
The Impact Zones and Take Profit Levels change at Market open everyday. The levels provided will stay on your chart until the next Market open where the Impact Zones and Levels will change to accommodate that trading Day.
We recommend only using that trading days levels, however; using past levels can help trades depending on the case
The three Trades we want to highlight are:
1. Break of Impact Zones
a. This trade is taken when a break of the impact zone happens either in the positive or negative direction and traded to the next zone or take profit line (stop losses can be set with zones or the dynamic skylyne average crossovers)
2. Break of Skylyne Average
a. This trade is taken when price action confirms a bullish or bearish bias on the break of the average line (we would close this trade on the reverse break of the Skylyne Average using the zones as targets)
3. Break of the Skylyne Mid:
a. This trade is taken when a break of the Skylyne Mid level occurs and we use the upper and lower bounds of the Impact Zones as take profit and stop losses
Impact Zone Settings:
*Trading Category and Overnight Category must match the Asset Class being viewed on chart for accurate signals
1. Trading Category
a. Bonds
b. Corn/Wheat
c. Stocks
d. Index Futures
e. Euro/Dollar
f. Gold/Silver
2. Overnight Category
a. Bonds
b. Corn/Wheat
c. Stocks
d. Index Futures
e. Euro/Dollar
f. Gold/Silver
3. Chart Aggregation Limit (Default Value is 25 minutes)
Impact Zone Overnight Trading:
Impact Zone Overnight sessions are highlighted in a dark blue color and we use these highlighted time sessions as a NO TRADE session. Our system was built to be traded during normal market trading hours and overnight sessions tend to be less predictive in terms of direction and or zone reliance. If you choose to trade overnight sessions with Impact Zones, make sure you make a very in depth trading plan and stick to the rules set for yourself.
Impact Zone Signals:
1. Signals for buy or sell of the asset class happen on breaks of the Impact Zones, and when specific criteria are met that we determined necessary to evaluate the overall trend of the market
2. Not every break of the Impact Zones will trigger a signal
3. No signal will be generated during overnight sessions, we recommend studying overnight sessions before beginning to create your own overnight trading session plans based on Impact Zones
4. When a signal is generated you will use the next take profit line (purple line) in the direction of your trade you are in. Other trading signals were discussed above
5. If while you are in a trade and the skylyne average (orange line) is broke in the opposite direction of your trade you will take this as a dynamic stop, and in some cases a dynamic take profit
Impact Zone Charting Timeframes:
1. Recommendation of using the 1 minute chart aggregation bars to maximize profits and limit losses
2. The script has a default charting aggregation limit of 25 minutes, adjustments to the input (in the settings) to increase the aggregation limit need to be made in order to use higher than 25 minute timeframes
Charting Example:
First note is to notice how our publish example uses the 1-minute timeframe aggregation, this is because our script was written to maximize profit on the 1 minute time frame. The script can be used on any time frame, however; make sure that you increase the aggregation limit input when using timeframes above 25 minutes.
From the chart included in the script post, you can notice that buy and sell signals happen only when specified criteria is met, and not every time there is a crossover of the Impact Zones there is a signal. You do not only have to trade the buy and sell signals that our system provides, however; our team believes that these signals are one of the best ways to trade the Impact Zone script. If you deviate from only using signals provided and choose to use the Impact Zones differently, we recommend using the next level, or zone, in the direction of your trade as your take profit (As described in trade we want to highlight section)
Approximate Entropy Zones [PhenLabs]Version: PineScript™ v6
Description
This indicator identifies periods of market complexity and randomness by calculating the Approximate Entropy (ApEn) of price action. As the movement of the market becomes complex, it means the current trend is losing steam and a reversal or consolidation is likely near. The indicator plots high-entropy periods as zones on your chart, providing a graphical suggestion to anticipate a potential market direction change. This indicator is designed to help traders identify favorable times to get in or out of a trade by highlighting when the market is in a state of disarray.
Points of Innovation
Advanced Complexity Analysis: Instead of relying on traditional momentum or trend indicators, this tool uses Approximate Entropy to quantify the unpredictability of price movements.
Dynamic Zone Creation: It automatically plots zones on the chart during periods of high entropy, providing a clear and intuitive visual guide.
Customizable Sensitivity: Users can fine-tune the ‘Entropy Threshold’ to adjust how frequently zones appear, allowing for calibration to different assets and timeframes.
Time-Based Zone Expiration: Zones can be set to expire after a specific time, keeping the chart clean and relevant.
Built-in Zone Size Filter: Excludes zones that form on excessively large candles, filtering out noise from extreme volatility events.
On-Chart Calibration Guide: A persistent note on the chart provides simple instructions for adjusting the entropy threshold, making it easy for users to optimize the indicator’s performance.
Core Components
Approximate Entropy (ApEn) Calculation: The core of the indicator, which measures the complexity or randomness of the price data.
Zone Plotting: Creates visual boxes on the chart when the calculated ApEn value exceeds a user-defined threshold.
Dynamic Zone Management: Manages the lifecycle of the zones, from creation to expiration, ensuring the chart remains uncluttered.
Customizable Settings: A comprehensive set of inputs that allow users to control the indicator’s sensitivity, appearance, and time-based behavior.
Key Features
Identifies Potential Reversals: The high-entropy zones can signal that a trend is nearing its end, giving traders an early warning.
Works on Any Timeframe: The indicator can be applied to any chart timeframe, from minutes to days.
Customizable Appearance: Users can change the color and transparency of the zones to match their chart’s theme.
Informative Labels: Each zone can display the calculated entropy value and the direction of the candle on which it formed.
Visualization
Entropy Zones: Shaded boxes that appear on the chart, highlighting candles with high complexity.
Zone Labels: Text within each zone that displays the ApEn value and a directional arrow (e.g., “0.525 ↑”).
Calibration Note: A small table in the top-right corner of the chart with instructions for adjusting the indicator’s sensitivity.
Usage Guidelines
Entropy Analysis
Source: The price data used for the ApEn calculation. (Default: close)
Lookback Length: The number of bars used in the ApEn calculation. (Default: 20, Range: 10-50)
Embedding Dimension (m): The length of patterns to be compared; a standard value for financial data. (Default: 2)
Tolerance Multiplier (r): Adjusts the tolerance for pattern matching; a larger value makes matching more lenient. (Default: 0.2)
Entropy Threshold: The ApEn value that must be exceeded to plot a zone. Increase this if too many zones appear; decrease it if too few appear. (Default: 0.525)
Time Settings
Analysis Timeframe: How long a zone remains on the chart after it forms. (Default: 1D)
Custom Period (Bars): The zone’s lifespan in bars if “Analysis Timeframe” is set to “Custom”. (Default: 1000)
Zone Settings
Zone Fill Color: The color of the entropy zones. (Default: #21f38a with 80% transparency)
Maximum Zone Size %: Filters out zones on candles that are larger than this percentage of their low price. (Default: 0.5)
Display Options
Show Entropy Label: Toggles the visibility of the text label inside each zone. (Default: true)
Label Text Position: The horizontal alignment of the text label. (Default: Right)
Show Calibration Note: Toggles the visibility of the calibration note in the corner of the chart. (Default: true)
Best Use Cases
Trend Reversal Trading: Identifying when a strong trend is likely to reverse or pause.
Breakout Confirmation: Using the absence of high entropy to confirm the strength of a breakout.
Ranging Market Identification: Periods of high entropy can indicate that a market is transitioning into a sideways or choppy phase.
Limitations
Not a Standalone Signal: This indicator should be used in conjunction with other forms of analysis to confirm trading signals.
Lagging Nature: Like all indicators based on historical data, ApEn is a lagging measure and does not predict future price movements with certainty.
Calibration Required: The effectiveness of the indicator is highly dependent on the “Entropy Threshold” setting, which needs to be adjusted for different assets and timeframes.
What Makes This Unique
Quantifies Complexity: It provides a numerical measure of market complexity, offering a different perspective than traditional indicators.
Clear Visual Cues: The zones make it easy to see when the market is in a state of high unpredictability.
User-Friendly Design: With features like the on-chart calibration note, the indicator is designed to be easy to use and optimize.
How It Works
Calculate Standard Deviation: The indicator first calculates the standard deviation of the source price data over a specified lookback period.
Calculate Phi: It then calculates a value called “phi” for two different pattern lengths (embedding dimensions ‘m’ and ‘m+1’). This involves comparing sequences of data points to see how many are “similar” within a certain tolerance (determined by the standard deviation and the ‘r’ multiplier).
Calculate ApEn: The Approximate Entropy is the difference between the two phi values. A higher ApEn value indicates greater irregularity and unpredictability in the data.
Plot Zones: If the calculated ApEn exceeds the user-defined ‘Entropy Threshold’, a zone is plotted on the chart.
Note: The “Entropy Threshold” is the most important setting to adjust. If you see too many zones, increase the threshold. If you see too few, decrease it.
Magnetic Zones v1.1 BetaMagnetic Zones v1.1 Beta
This is one of the most powerful and effective indicator which I personally use for Intraday.
It works well for trending stocks and trending days.
What are the Zones?
The zones are basically Retracement and Reversal Zones. The price will take a halt at this zones. So it will be easy to take an entry.
How to use?
Labels:
Pivot = P
Major Zones = R1, R2, R3, S1, S2, S3
Minor Zones = R0.5, R1.5, R2.5, S0.5, S1.5, S2.5
Previous Day High & Low = PDH, PDL
Breakout:
Opens between Previous Day High or Low and R1 or S1 Zone and taking retracement at the zone can result in a breakout.
Entry Time:
No Entry: 0 to 15min. Wait for the early Algo rush to settle down. Just go through the shortlisted stocks or top gainers and top losers.
Risky Entry: 15min to 30min. It is the right or early time to participate in the beginning of a rally. But, recommended only for experienced, disciplined and planned traders.
Moderate Risk: 30min to 45min
Safe Entry: After 45min to 1hr
Stock Selection Tip:
Use Expanded Floor Pivots to spot Narrow Range stocks.
Entry Tip:
Use Opening Range Breakout (15, 30, 45 or 1hr) to spot false shoot ups.
Entry:
After the retracement on or closer to the zones.
If the retracement happens in between spaces of the zones expect next retracement at the next in between space. Imagine the levels accordingly.
Retracement is the right time to make an entry with minimum stoploss.
Stoploss:
Just below the longest candle which touches the zone.
Target:
If it is a trending stock the price will move easily from one major zone to another major zone.
If the zones are wider on a particular day use the minor zones as target.
Consider the historical support and resistance, highs and lows to confirm the entry or exit.
Indicator Features:
Inclusion of 2nd and 3rd zones: Helpful to identify the target zone and to participation in a major rally.
Clean and cluster free look
Shows only required zones
Hide historical levels
Previous day High and Low levels
Multi time-frame
Caution:
Don't solely depend on this indicator. Always use this with other analyzing tools or methods for more confirmation.
Acknowledgement:
Thanking the original formulators.
Note:
The indicator is under testing. Any errors, updates and additions will be updated in the final version.
Even though there many are other indicators similar to this in TradingView, this indicator is customized for precision, inclusion of extended levels and designed for a squeeze free chart and visual appeal.
Explore, improvise and formulate new methods with your personal experience and ideas.
DTFX Algo Zones [LuxAlgo]DTFX Algo Zones are auto-generated Fibonacci Retracements based on market structure shifts.
These retracement levels are intended to be used as support and resistance levels to look for price to bounce off of to confirm direction.
🔶 USAGE
Due to the retracement levels only being generated from identified market structure shifts, the retracements are confined to only draw from areas considered more important due to the technical Break of Structure (BOS) or Change of Character (CHoCH).
The simple action that causes a market structure shift occurs is price breaking above or below a specific swing point. When a market structure shift happens, a retracement is drawn from the point of break to the highest or lowest point since that point. Due to the price action necessary for a market structure shift, these retracements will not always be immediately actionable.
These retracement levels are intended to be used as points to watch for price to retrace to and bounce from, confirming the current direction of price.
In the example below, after the retracement is initiated, by bouncing off of the retracement levels formed from the previous market structure shift it would further confirm the bias of the market structure shift. A break going through these levels would display a weakness from the current market structure shift, implying that it could simply be noise.
🔶 DETAILS
The script uses standard SMC Market structure identification to determine Break of Structures (BOS) and Change of Characters (CHoCH). The specific swing points can be identified by the shapes placed above or below the specific swing high/low candle.
By unchecking the "Display All Zones" setting, users are able to specify the exact number of retracement zones to display using the "Show Last" parameter. This is handy for cleaning up the chart to stay focused on the most recent retracements.
Additionally, when displaying multiple zones, the "Clean-Up Level Overlap" setting may be helpful for decluttering as well. This option optimizes the display of retracement levels to minimize their overlap on other adjacent zones.
The script allows for up to 5 Fib levels to be displayed from each zone, with options for display, value, line style, and color for each of the 5.
The calculation for Fib Levels changes depending on the direction of market structure shifts. When an upwards (Bullish) zone is generated, the retracement is drawn with the bottom of the zone being 0 and the top of the zone being 1. This is reversed for downwards (Bearish) zones.
🔶 SETTINGS
Structure Length: Sets the SMC structure length to use for finding MMS.
Show Last: Displays this number of retracement zones. (Display All Zones Must be Unchecked)
Display All Zones: Ignores "Show Last" number and displays all historical MMS Retracement Zones.
Zone Display: Choose which zones to display, only bearish, only bullish, or both.
Clean-Up Level Overlap: Minimizes overlap between adjacent zones and levels.
Fib Levels: Settings to display and customize up to 5 Fib levels for each zone.
Liquidity Zones[Angel Algo]OVERVIEW
The "Liquidity Zones" indicator is a tool for traders to identify high and low liquidity areas on a chart. The indicator plots the highest and lowest volume levels within a rolling window of a specified period and calculates the corresponding price levels and zones at which those volumes occurred. The calculated areas represent key support and resistance levels in the market.
HOW TO USE
Once added, the indicator will plot the high and low liquidity zones on the chart based on the settings. Users can then adjust the indicator inputs to customize its behavior and appearance. Additionally, users can set up trading alerts based on the indicator's signals by clicking the "Create Alert" button in the alert section of the indicator's settings.
The bar coloring feature helps users identify trends and sideways market conditions. When this feature is enabled, the bars on the chart are colored based on their position relative to the highest volume levels calculated by the indicator. If a bar's closing price is above the zone, the bar is colored green. If the closing price is below the zone, the bar is colored red. If the closing price is between these two levels, the bar is colored blue.
This color-coding makes it easy to quickly identify periods of bullish or bearish momentum in the market. When the bars are mostly green, it suggests that buyers are in control and the market is in an uptrend. Conversely, when the bars are mostly red, it suggests that sellers are in control and the market is in a downtrend. The blue bars, on the other hand, indicate a sideways or consolidating market, where neither buyers nor sellers are clearly in control. These periods can be difficult to trade, as there is often a lack of clear direction in price movements.
When the Support/Resistance coloring feature is enabled, the indicator colors the high liquidity zones based on whether the opening and closing prices of the latest candle are above or below the zone. If the opening and closing prices are both above the high liquidity zone, the zone is colored green, indicating potential support. Conversely, if the opening and closing prices are both below the high liquidity zone, the zone is colored red, indicating potential resistance. If the opening and closing prices are inside the high liquidity zone, the zone is colored blue, indicating a neutral zone where price may continue to oscillate. This feature can help traders identify potential areas of support and resistance, and provide insights into market sentiment.
The indicator also includes trading alerts based on the position of the price relative to the highest volume zones. If the price goes above the zone, the indicator will trigger a bullish signal. If the price goes below the level, the indicator will trigger a bearish signal.
SETTINGS
The indicator has several customizable inputs that allow users to tailor its behavior to their preferences. These inputs include:
Period: The number of bars over which to calculate the highest and lowest volumes. The default value is 20. Recommended value range 10-500.
Bar coloring: Whether to color the bars based on their position relative to the high liquidity zones. The default value is false.
Support/Resistance coloring: Whether the high liquidity zone should be colorized depending on whether the price is above or below it. The default value is false.
Display high liquidity zones: Whether to display the high liquidity zones on the chart. The default value is true.
Display low liquidity levels: Whether to display the low liquidity levels on the chart. The default value is false.
The Zone Seeker Supply and Demand - by Karoshi TradingThe Zone Seeker Supply and Demand - by Karoshi Trading
The Zone Seeker is based on the Supply & Demand Methodology.
Activating this indicator will mark all the zones of your chart.
Depending on your setting preferences, some zones will be showed or not.
The indicator code works as follow:
We will use the number of consecutive candles, body size compared to the wick and body length to calculate the zones.
Here is an example of the indicator.
1# Consecutive Candles
The indicator will search for minimum 2 consecutive candles of the same color. That means, that both candles has to close above the opening price of each candle (Bullish) or close below there opening prices (Bearish).
2# Body Size
After the first condition is met, the Code will now look into each candles of step #1.
Each of the candles should be equal or above 50% body, to meet the second requirement.
It will calculate the body size, compared to the full candle size to determine the percentage of the body itself.
3# Body Length
If the first two steps are positive, the code will jump into the 3rd phase of the indicator, the „Body Length“. With 2 options (ATR & MA) the code will calculate within a 14 candles period the average range of the candles. With that information, the code will now compare the average range to our candles from step #1.
The candles from step #1 has to be equal or bigger than 1.5 times the range/size of the average candle to met our last requirement.
4# Demand & Supply Zones
After all 3 requirements are met, the code will search for the last candle of the opposite color, to mark a zone. As example, if we have a demand zone with all conditions met, the indicator will search for the latest candle where the price closed below the opening price.
After finding such a candle, the indicator will mark the whole range of this candle (body + wick) and create a colored rectangle with a description in it. As example „Demand CTF“
CTF = Current Time Frame
5# Testing the Zones
As a test, we only count if the price went inside or touched the zone and left it and closed outside the zone. (You can choose by yourself if touched is on or off in the settings).
The code will not count each candle as a test, but each phase where the price went into the zone and closed outside the zone. As an example, if price went into a demand zone and closes 2 candles within the zone and the 3rd candle closes above the demand zone, that will count as one test.
Each test, will change the color of the zone, to keep in track of the freshness of the zones. After the 3rd test of a zone, the zone will be automatically deleted.
6# Flipping Zones
As a flipping zone is meant, that if the demand zone get broken to the downside by 2 or less candles it will automatically turn into a fresh supply zone. Important to know is, it will only occur if the candles closes below the demand zone. Same occurs for supply zones.
7# Multiple TimeFrames
It is possible, to choose one more time frame on top of the current time frame your are actually trading.
The code will separate both time frames, so you can choose how many zones you want to see in each time frame.
The supplementary time frame zones will be in 3 different grey colors, to destinguish the zones.
Also, overlapping zones will have a little info box, to avoid overlapping text.
On top of that, you can also show "all" time frames at once.
Current Time Frame = Colorized Zones
Supplementary Time Frames = Grey Zones
Double Dynamic Zone RSX [Loxx]Double Dynamic Zone RSX is a Juirk RSX RSI indicator using Leo Zamansky and David Stendahl's Dynamic Zones to determine breakouts, breakdowns, and reversals.
What is RSX?
RSI is a very popular technical indicator, because it takes into consideration market speed, direction and trend uniformity. However, the its widely criticized drawback is its noisy (jittery) appearance. The Jurik RSX retains all the useful features of RSI , but with one important exception: the noise is gone with no added lag.
What are Dynamic Zones?
As explained in "Stocks & Commodities V15:7 (306-310): Dynamic Zones by Leo Zamansky, Ph.D., and David Stendahl"
Most indicators use a fixed zone for buy and sell signals. Here’ s a concept based on zones that are responsive to past levels of the indicator.
One approach to active investing employs the use of oscillators to exploit tradable market trends. This investing style follows a very simple form of logic: Enter the market only when an oscillator has moved far above or below traditional trading lev- els. However, these oscillator- driven systems lack the ability to evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market. And therein lies the problem.
Once traders begin introducing their market opinions into trading equations, by changing the zones, they negate the system’s mechanical nature. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market — bull or bear. Dynamic zones offer a solution to the problem of fixed buy and sell zones for any oscillator-driven system.
An indicator’s extreme levels can be quantified using statistical methods. These extreme levels are calculated for a certain period and serve as the buy and sell zones for a trading system. The repetition of this statistical process for every value of the indicator creates values that become the dynamic zones. The zones are calculated in such a way that the probability of the indicator value rising above, or falling below, the dynamic zones is equal to a given probability input set by the trader.
To better understand dynamic zones, let's first describe them mathematically and then explain their use. The dynamic zones definition:
Find V such that:
For dynamic zone buy: P{X <= V}=P1
For dynamic zone sell: P{X >= V}=P2
where P1 and P2 are the probabilities set by the trader, X is the value of the indicator for the selected period and V represents the value of the dynamic zone.
The probability input P1 and P2 can be adjusted by the trader to encompass as much or as little data as the trader would like. The smaller the probability, the fewer data values above and below the dynamic zones. This translates into a wider range between the buy and sell zones. If a 10% probability is used for P1 and P2, only those data values that make up the top 10% and bottom 10% for an indicator are used in the construction of the zones. Of the values, 80% will fall between the two extreme levels. Because dynamic zone levels are penetrated so infrequently, when this happens, traders know that the market has truly moved into overbought or oversold territory.
Calculating the Dynamic Zones
The algorithm for the dynamic zones is a series of steps. First, decide the value of the lookback period t. Next, decide the value of the probability Pbuy for buy zone and value of the probability Psell for the sell zone.
For i=1, to the last lookback period, build the distribution f(x) of the price during the lookback period i. Then find the value Vi1 such that the probability of the price less than or equal to Vi1 during the lookback period i is equal to Pbuy. Find the value Vi2 such that the probability of the price greater or equal to Vi2 during the lookback period i is equal to Psell. The sequence of Vi1 for all periods gives the buy zone. The sequence of Vi2 for all periods gives the sell zone.
In the algorithm description, we have: Build the distribution f(x) of the price during the lookback period i. The distribution here is empirical namely, how many times a given value of x appeared during the lookback period. The problem is to find such x that the probability of a price being greater or equal to x will be equal to a probability selected by the user. Probability is the area under the distribution curve. The task is to find such value of x that the area under the distribution curve to the right of x will be equal to the probability selected by the user. That x is the dynamic zone.
blackOrb ZoneBuying near the bottom and selling near the peak can be a challenging trading approach. However, it all begins with the ability to identify these essential zones. This indicator is targeting support and resistance with heightened accuracy. It utilizes features like:
I. Multi-Level Weighting for Enhanced Support and Resistance Zones
II. Vertical Zone Range Adjustment for Enhanced Price Level Identification
III. High-Time Frame for Solid Macro Validation
IV. Projection Function for Informed Trade Management
V. Automatic Level Identification for Pinpointing Potential Order Positions
VI. Customizable Pivot Analysis for Accurate Zone Identifications
Technical Methodology
I. Multi-Level Weighting for Enhanced Support and Resistance Zones
Support and resistance are more accurately represented as wider zones rather than singular lines. In practical application, relevant support or resistance levels often converge around a central mean-weighted level within a zone.
This indicator visually represents these zones by calculating values from open, high, low, and close prices, accentuating them through varying opacities. Higher opacity within an area indicates a higher likelihood of it serving as a relevant support or resistance level.
Multiple mean options within the settings menu encompass weighted average calculations that utilize different combinations of price data within the relevant pivot analysis phase. This versatility allows users to target pertinent levels within a zone. For instance, when employing hlcc4 price data, the calculation is as follows:
mean_price_hlcc4 = (high + low + close + close) / 4
II. Vertical Zone Range Adjustment for Enhanced Price Level Identification
This feature enables users to precisely adjust the vertical zone range for price references within potential support or resistance phases. For instance, decreasing the reference setting results in a more granular validation within a narrower range. This creates vertically thinner zones with increased price level precision, although it may offer a less comprehensive perspective.
III. High-Time Frame for Solid Macro Validation
The indicator enhances pivot points, potentially in conjunction with high-time frame validation, to identify significant price zones with heightened confirmation strength driven by volume. Higher time frames provide more extensive volume verification, for instance, comparing the 4-hour to the 24-hour timeframe (a multiple of six).
This feature involves cross-referencing data from higher time frames, heightening the reliability of support and resistance zones and providing valuable insights into potential trading interest levels.
Technically, the indicator applies the identical rigorous analysis to both lower and higher time frames. This approach facilitates a more comprehensive perspective and aids in the clearer identification of overarching macro support and resistance levels, even when focusing on smaller timeframes. For instance, a potential support zone identified on the daily time frame can gain higher confidence when confirmed on a weekly chart.
IV. Projection Function for Informed Trade Management
The projection function visually extends the most recent analysis of support and resistance zones forward, in accordance with the user's configured parameters.
By displaying precise price values at these visualized support and resistance levels, this indicator offers valuable assistance in decision-making, particularly when planning real-time orders or when engaged in an active trade management phase (e.g., for the purpose of adjusting stop-loss levels post-entry).
Note: This function is based on historical data. It may not account for unforeseen market events. It's important to complement this feature with ongoing analysis of real-time market data.
V. Automatic Level Identification for Pinpointing Potential Order Positions
It is empirically observed that traders frequently position orders at price levels that conform to quantized values due to cognitive biases.*
Consequently, blackOrb Zone not only facilitates the identification of pertinent levels within a weighted zone but also features an "auto" functionality designed to analyze price dynamics in the proximity of these relevant levels. The objective is to identify discrete values in close vicinity, which exhibit a higher likelihood of serving as authentic support and resistance zones.
This processing approach assists traders in precisely locating the central mean-weighted level within a given zone and identifies proximate quantized levels.
Note: This method becomes especially relevant during phases of price retesting, where market participants converge, contributing to a further refinement of levels, indicative of an asymmetric balance between supply and demand.
*Source: Prof. Mitchell, Jason. "Clustering and Psychological Barriers: The Importance of Numbers." Journal of Futures Markets, vol. 21, no. 5, 2001, pp. 395-428.
VI. Customizable Pivot Analysis for Accurate Zone Identifications
The indicator employs pivot points to pinpoint key price zones where price dynamics could encounter buying or selling pressure.
Essential components of this method involve comparing time units both to the left and right within a designated phase of support or resistance, effectively defining the search range for pivotal points.
For instance, in the analysis below, the search is for the highest price point that hasn't been surpassed within a certain resistance zone in the last 10 time units to the left and 10 time units to the right:
ta.pivothigh(10, 10)
Potential Trade Management Applications of blackOrb Zone
- Reversal Trading : Robust support zones with bullish signals can indicate opportune moments for buying or long position entries, whereas confirmed resistance zones can be identified for selling or short position entries.
- Breakout Trading : Anticipating price surges as price breach support or resistance level. A resistance breakout can signal a bullish price dynamic, while a support breakdown may suggest a bearish price dynamic.
- Range Trading : In lateral sideways markets, users can capitalize on support zones for buying and resistance zones for selling, profiting from price fluctuations.
- Take-Profit Management : For buying or long positions, resistance zones can be identified to determine suitable take-profit levels either within or near these zones - for short positions, vice versa with support zones.
- Stop-Loss Management : For buying or long positions, support zones can be identified to determine appropriate stop-loss levels beneath these zones - for short positions, vice versa with resistance zones to determine stop-loss levels above these zones.
Note on Usability
blackOrb Zone can have synergies with blackOrb Price as both indicators combined can give a bigger picture for supporting comprehensive and multifaceted data-driven trading analysis.
This tool was meticulously created to serve as an additional frame for the seamless integration of other more granular trading indicators. This indicator isn't intended for standalone trading application. Instead, it is serving as a supplementary tool for orientation within broader trading strategies.
Irrespective of market conditions, it can harmonize with a wider range of trading styles and instruments / trading pairs / indices like Stocks, Gold, FX, EURUSD, SPX500, GBPUSD, BTCUSD and Oil.
Inspiration and Publishing
Taking genesis from the inspirations amongst others provided by TradingView Pine Script Wizard Kodify, blackOrb Zone is a multi-encompassing script meticulously forged from scratch. It aspires to furnish a comprehensive approach, borne out of personal experiences and a strong dedication in supporting the trading community. We eagerly await valuable feedback to refine and further enhance this tool.
[AlbaTherium] MTF Volatility Edge Zones Premium for Price Action Volatility Edge Zones Premium for Price Action (HTF)
The MTF Volatility Edge Zones Premium for Price Action is an advanced Multiple Timeframes (MTF) trading indicator that combines the power of volume analysis with price action, designed to reveal key volatility zones and assess market participants’ engagement levels . This tool offers unique insights into the dynamics of higher timeframes (HTF), helping traders identify critical zones of decision-making, such as potential reversals, continuations, or breakout areas.
Introduction to the MTF Volatility Edge Zones Premium
This indicator is built upon a deep understanding of the interaction between price action and volume. By mapping volume data onto price action, Volatility Edge Zones Premium (HTF) pinpoints areas of heightened market engagement. These zones represent where buyers and sellers have shown significant activity, allowing traders to identify market intent and anticipate key movements.
Key Features:
Higher Timeframe Analysis: Focuses on significant price and volume interactions over HTFs (e.g., 4H, Daily, Weekly) for a broader perspective on market trends.
Volatility Zones : Highlights areas where market participants show increased activity, signaling potential market turning points or strong continuations.
Volume-Driven Insights: Tracks the behavior of aggressive buyers and sellers, showing their engagement levels relative to price changes.
Overlayon Price Action: Provides a clear and actionable visual representation of volatility and engagement zones directly on price charts.
Chapter 1: Understanding Volatility and Engagement
1.1 Volatility Edge Zones
Volatility Edge Zones are areas where price and volume interact to signal potential changes in market direction or momentum. These zones are derived from high-volume clusters where significant market activity occurs.
1.2 Participant Engagement
Market participants can be categorized based on their level of engagement in these zones:
Aggressive Buyers: Represented by sharp spikes in volume and upward price action.
Aggressive Sellers: Represented by high volume during downward price movement.
Passive Participants: Identified in zones of consolidation or low volatility.
By isolating these behaviors, traders can gain a clearer picture of market sentiment and the relative strength of buyers versus sellers.
Chapter 2: The Principle of Volume and Price Interplay
2.1 Volume as a Leading Indicator
Volume often precedes price movements, and the Volatility Edge Zones Premium captures this relationship by overlaying volume activity onto price charts. This allows traders to:
Identify where volume supports price movement (trend confirmation).
Spot divergences where price moves without volume support (potential reversals).
2.2 The Role of Higher Timeframes
HTFs filter out market noise, revealing macro trends and key levels of engagement. The indicator uses this perspective to highlight long-term volatility zones, helping traders align their strategies with the broader market context.
Chapter 3: Visualizing Volatility Edge Zones
3.1 Color-Coded Zones for Engagement
The indicator uses a color-coded system to represent volatility zones and market engagement levels. These colors correspond to different market conditions:
Red Zones: High selling pressure and aggressive bearish activity.
Blue Zones: High buying pressure and aggressive bullish activity.
Yellow Zones: Transitional zones, representing indecision or balance between buyers and sellers.
White Zones: Neutral areas, where low engagement is observed but could serve as potential breakout points.
3.2 Key Metrics Tracked
Volume Clusters: Areas of concentrated buying or selling activity.
Directional Bias: Net buying or selling dominance.
Momentum Shifts: Sudden changes in volume relative to price action.
These metrics provide actionable insights into market dynamics, making it easier to predict key movements.
Chapter 4: Practical Applications in Trading
4.1 Identifying High-Impact Zones
By focusing on HTFs, traders can use the Volatility Edge Zones Premium to identify high-impact areas where market participants are most engaged. These zones often align with:
Support and Resistance Levels: High-volume areas that act as barriers or catalysts for price movement.
Breakout Points: Zones of heightened volatility where price is likely to escape consolidation.
4.2 Detecting Bull and Bear Campaigns
The indicator highlights early signs of bullish or bearish campaigns by analyzing volume surges in critical volatility zones. These campaigns often signal the beginning of significant trends.
Chapter 5: Real-World Examples and Strategies
5.1 Spotting Market Reversals
Real-world examples demonstrate how the indicator can identify volatility zones signaling potential reversals, allowing traders to enter positions early.
5.2 Riding the Trend
By tracking volatility zones in alignment with HTF trends, traders can maximize profit potential by entering during periods of high engagement and riding the trend until it weakens.
Conclusion
The MTF Volatility Edge Zones Premium for Price Action is an essential tool for traders looking to master market dynamics through a combination of volume and price action analysis. By focusing on higher timeframes and overlaying volatility zones onto price charts, this indicator provides unparalleled insights into market participant engagement.
Whether you’re trading intraday, swing, or long-term strategies, the MTF Volatility Edge Zones Premium equips you with the information needed to make confident and precise trading decisions. Stay tuned as we continue to enhance this tool for even greater accuracy and usability.
Supply and Demand Zones
Script Introduction:
I have spent a long time searching for the perfect supply and demand zone indicator, but most of the ones I found were based on lines instead of proper zones, which didn’t quite meet my needs. After much trial and error, I decided to build my own indicator that generates clear and reliable supply and demand zones based on price swings and volatility. This indicator dynamically adjusts to market conditions, creating zones that are more responsive to price movements. Whether you're day trading or swing trading, this indicator will help you identify key price levels where buying and selling pressures exist.
Overview:
This indicator identifies supply and demand zones based on swing highs and lows, combined with market volatility. These zones represent areas where price is likely to experience reversals due to buying or selling pressures. The zones are displayed as rectangles (boxes) rather than lines, making it easier to visualize the areas of interest on the chart.
How the Indicator Works:
1. Supply Zones (Red Box):
- A supply zone is identified when the price forms a swing high (a local high point) and there is sufficient volatility (using ATR). The zone represents an area where sellers are likely to step in and push the price down.
2. Demand Zones (Green Box):
- A demand zone is identified when the price forms a swing low (a local low point) and volatility is sufficient. The zone represents an area where buyers are likely to step in and push the price up.
3. Extension Direction:
- You can control whether the zones extend to the left, to the right, or both directions. This lets you choose how far back or forward you want the zones to appear on the chart.
4. Volatility Filter (ATR Multiplier):
- The indicator uses the Average True Range (ATR) to filter out minor price movements. The ATR multiplier is hardcoded to 0.25, meaning that the indicator is more responsive to smaller price swings. This setting helps the zones adjust dynamically to changing market conditions.
How to Use the Indicator:
1. Adding to Chart:
- After publishing, you or invited users can apply the script to any chart. The indicator will automatically generate supply (red) and demand (green) zones.
2. Settings:
- Swing Length (Look-back Period): This controls how many bars back the script looks for significant swing highs and lows. Increasing this value will create zones based on larger swings.
- Extend Zone Horizontally (Bars): This controls how far the zones extend horizontally (left or right). You can adjust this to make the zones extend more or less on the chart.
- Extension Direction: Choose whether the zones extend to the left, right, or both directions. This gives flexibility on how you want the zones to display on the chart.
- Supply Zone Color: You can customize the color and opacity of the supply zone (default is red).
- Demand Zone Color: You can customize the color and opacity of the demand zone (default is green).
Best Practices for Trading:
- Combine with Other Indicators: While supply and demand zones are powerful on their own, combining this indicator with other tools like moving averages, volume analysis, or momentum indicators can provide further confirmation of potential price reversals.
- Watch for Price Action in Zones: When price approaches a supply or demand zone, watch for price action signals such as candlestick patterns (e.g., pin bars, engulfing candles) that can give you an idea of whether the zone will hold or break.
- Adjust for Different Timeframes: The indicator works well across different timeframes. Use a higher look-back period for larger timeframes (e.g., 4-hour, daily) and a lower look-back period for shorter timeframes (e.g., 5-minute, 15-minute charts).
Final Notes:
This script is intended to help traders identify key supply and demand zones and make better trading decisions. Since it dynamically adjusts to market volatility, it is well-suited for both day traders and swing traders who want to capture price reversals at significant levels.
Supply and Demand w/ Higher Timeframe and Hidden Zones█ OVERVIEW
This indicator draws Supply and Demand zones using the common methodology of a basing candle followed by a drop/rally candle. The indicator user inputs allow you to configure the parameters for zone identification in two ways. First, by increasing the intensity of the drop/rally candle. Second, by increasing the number of candles that should be grouped to form a base and it's following drop/rally. This allows you to chart zones from higher timeframes and zones that may not be identifiable on the higher timeframes (aka Hidden Zones).
For example, when viewing a chart on the 5min timeframe the "Number of Candles" user input can be set according to the higher timeframe that you want to use to draw zones.
Setting "Number of Candles" to 3 draws zones from the 15min timeframe. (5min * 3 candles = 15min)
Setting "Number of Candles" to 6 draws zones from the 30min timeframe. (5min * 6 candles = 30min)
This functionality also allows for the identification of hidden zones because the first candle in a set on the lower timeframe does not have to align with the candles on the higher timeframe.
█ CONCEPTS
Intensity
For demand zones, the distance between the close of a rally candle and the high of the basing candle is what this indicator refers to as "Intensity".
For supply zones, it is the distance between the close of the drop candle and the low of the basing candle.
Higher Timeframe Zones
This indicator finds higher timeframe zones through the use of the "Number of Candles" user input.
The higher timeframe used will be the product of the chart's current timeframe and the value set for "Number of Candles".
Hidden Zones
A hidden zone is a zone from a higher timeframe that can not be seen when charting with that timeframe.
It can only be found on lower timeframes by grouping candles together to emulate higher timeframe candles.
█ USER INPUTS
Lookback
The Number of Bars back used to find zones.
Zone Configuration
• Drop/Rally Intensity - Increase this to require the drop/rally candle to make a greater move from the basing candle to qualify as a zone.
• Number of Candles - Increase this to draw zones from higher timeframes. The timeframe used will be the product of the chart's current timeframe and the value selected.
Zone Drawing Options
• Include Broken Zones - When unchecked zones that have been broken through will not be drawn.
• Demand Fill/Border - Allows customization of the color and transparency of demand zones.
• Supply Fill/Border - Allows customization of the color and transparency of supply zones.
█ TIPS
1 — Use the indicator multiple times on the chart with the "Number of Candles" input set to different values to have zones from multiple higher timeframes on the chart.
2 — Drop/Rally Intensity set to 0 is not recommended. It will lead to very weak zones being drawn.
Supply & Demand Zones
_____________________________________________________________________
Supply and Demand Zones
This indicator displays valid Supply and Demand zones on any chart and timeframe, using dynamically updating visuals. Users can see the moment that zones become validated, used, and then invalidated during live sessions. It is sleek, lightweight, and offers a feature-rich settings panel that allows customization of how each element appears and functions. Zones can enhance the probability of successful trades by locating areas that are most likely to contain resting orders of Supply or Demand, which are needed for price reversals.
Disclaimer
____________________
Like all indicators, this can be a valuable tool when incorporated into a comprehensive, risk-based trading system.
Supply and Demand is not the same thing as Support and Resistance.
Trading based on price hitting a zone without understanding which zones are of higher quality and which are of lower quality (only discernible with a trained human eye) will yield poor results.
Supply and Demand works well as a system and even better when added to an existing one. However, like all effective trading techniques, it requires diligent study, practice, and repetition to become proficient. This is an indicator for use with Supply and Demand concepts, not a replacement for learning them.
Features
____________________
Once a valid candle sequence is confirmed, a box will appear that displays the zone over the precise zone range. At 50% zone penetration, a zone becomes used , and at 100% it becomes invalidated . Each of these zone classifications changes the behavior of the zone on the chart immediately. The settings panel offers custom colors for Supply , Demand , Used , and Invalidated zone types.
Borders : The subtle border colors can be changed or hidden.
Boxes or Bases : Advanced users can opt to hide zone boxes and instead display small, subtle tags over base candle groups. This allows for more customizable selection over what is displayed and how.
Max Zones and Hide Invalidated :
There are limitations on how many objects TradingView allows at once. Because of this, once zones go from used to invalidated , they are hidden (deleted) by default. This allows the zones index to be allocated to display more valid , usable zones instead. If a user prefers to keep invalidated zones visible, they can be enabled; however, this will result in showing more recent zones for fewer historical zones.
All zones share one pool, so if you allow fifty max zones, forty-five might be supply while five might be demand on a big sell-off trend. You will always see the most recent zones, regardless of type or status.
It’s up to you how much clutter you want on your screen and how much improved load time you want - but once loaded, zone creation and function are always instantaneous.
Load Time
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Load time refers to the time it takes from when you switch tickers or timeframes before the zones are displayed initially. There is zero lag in the dynamic function and minimal load time, regardless of settings. However, if you are a fine-tuner or multi-screener, the number of Max Zones displayed is the only major variable affecting load time.
I run everything at Max when I develop. When I trade, I run mine at 25 max zones because I change timeframes often and want a very quick display of zones when I do. I have invalidated hidden, and simply enable it if I want to check an old zone. This gives me more zones than I need and reduces the load time to right where I like it.
Thresholds
____________________
It is recommended to leave these as the default.
Base Body Threshold : Determines the maximum ratio of a candle’s body to wick before invalidation. Default (50% or 0.5). A higher number loosens thresholds, resulting in more zones being displayed.
Unrequire 2nd FT if LO is Strong & Strength Multiplier :
The standard logic sequence requires two Follow-Through candles. Under some strong price movement, Leg-Out candles can make an explosive directional move from a base, making a convincing argument for supply and demand perfectly at work, if not for a single Follow-Through candle instead of two.
By enabling this feature, you can tell the script to ignore second Follow-Through candles, if and only if, the Leg-Out candle's range is (Strength) X the base range. exceeds the range of the Base by a factor of X (Strength). ie: At 5x, this would require a Leg-Out range to be 500% the range of the Base.
If enabled and the Leg-Out is not strong enough, the default logic kicks in, and a second follow-through candle will validate the zone as per usual. This loosens thresholds overall and should result in more zones.
Recommended Usage
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Form a thesis using your primary trend trading system (eg: Elliott Wave, Structure Reversal, TheStrat, et al) to identify locations of a pullback for a long or short entry.
Identify a pullback area using your system, then use this indicator to find a high-quality zone on your chosen timeframe.
Once located, draw your own channel over the indicator's zone box. Start on 1m, check for zones, 2m, 3m, and so on. When you see a zone you like, recreate it; thus, when finished, you can see every timeframe’s highest-quality zones that you created, regardless of what timeframe you switch to. Tip: Be selective
To make the process faster, save a channel design in settings for “Demand” and one for “Supply”, then you can quickly get through this process in less than a minute with practice.
Optional: Use additional methods (eg: Fibonacci retracements, Elliott Wave Theory, Anchored VWAPs) to find congruent confirmation.
Version 1.0
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No known bugs remain from the closed beta.
In Development
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Powerful combination zones occur when standard zone sequences are extended with additional levels of demand or supply by adding more conditionals to the state machine logic. Got this mostly working in a dev version and it adds minimal extra resources. Set aside to polish a clean standard 1.0 for release first, but now displaying these extended zones is my top priority for next version.
MTF support is essentially working in a dev copy, but adds resources. Not sure if it is in the spirit of price action being the primary focus of a chart for serious traders, rather than indicators. If there is demand for it, I'll consider it.
Additional Threshold Settings
Thanks!
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Thank you for your interest in my work. This was a personal passion project of mine, and I was delighted it turned out better than I hoped, so I decided to share it. If you have any comments, bugs, or suggestions, please leave them here, or you can find me on Twitter or Discord.
@ ContrarianIRL
Open-source developer for over 25 years
Multi Timeframe 8x MA Support Resistance Zones [SiDec]Multi-Timeframe Moving Average Support/Resistance Zones: The Ultimate Trading Power Tool
Indicator Overview
Get ready to elevate your trading game with the Multi-Timeframe Moving Average Support/Resistance Zones indicator. This advanced tool is engineered for traders who want to maximize efficiency without constantly switching between timeframes. By dynamically plotting support and resistance zones using the 21 SMA and 21 EMA, it reveals crucial price levels where trends may pause, reverse, or accelerate—giving you actionable insights in a fraction of the time.
Imagine seeing all the relevant timeframe zones on one chart, without ever needing to flip between timeframes—saving you time and allowing you to focus on what really matters.
Core Features
Dynamic Zones That Adjust in Real-Time:
The area between the 21 EMA and 21 SMA is shaded, forming a "zone" on your chart. This dynamic zone adjusts live as price moves, keeping you in sync with current market behavior across multiple timeframes.
By showing these zones across all your selected timeframes, you can view everything you need at a glance—no time wasted jumping between charts.
All Timeframes, One View:
With the ability to view multiple timeframe zones simultaneously (from 5-minute to Monthly), this tool helps you spot key levels quickly without switching between timeframes. You’ll see how price interacts with these levels across different timeframes without ever having to change charts.
Higher timeframes show broader, more significant zones—giving you the market's big picture—while intraday zones help you fine-tune your entries.
Customisable Like Never Before:
Toggle Timeframes: Only activate the timeframes you care about—no distractions, just pure focus.
Color Your World: Assign different colors to each timeframe for instant visual cues (e.g., blue for Daily, gold for Weekly). This makes it easy to identify key zones across all timeframes at a glance.
Why You Need This Tool
Instant Trend Confirmation: Track how price interacts with multiple timeframe zones to confirm bullish or bearish momentum in real-time.
Confluence = High Confidence: When zones from multiple timeframes overlap, you’ve found a high-probability reversal area. This is where the market is likely to turn, and where your edge lies.
Efficiency at Its Best: No more switching between timeframes—everything you need is in one place, giving you more time to trade and less time spent on analysis.
Configuration Instructions
1.) Timeframe Selection:
Choose which timeframes to display using the Timeframe Selection panel.
Intraday Focus: 5m, 15m, 1H.
Swing/Long-Term Focus: 4H, 12H, Daily, Weekly, Monthly.
Color Coding: Assign a distinct color to each timeframe for instant identification—like having a personal color-coded trading roadmap.
2.) MA Settings:
MA Types:
21 EMA: Perfect for capturing short-term trends and fast price action.
21 SMA: The smooth operator for spotting longer-term trends with more consistency.
Recommended Periods: The 21-period MA works wonders for trend detection across various timeframes. You can also integrate Fibonacci-based MAs (e.g., 55, 233) for enhanced confluence.
3.) Visual Tweaks:
Opacity: Adjust the zone transparency (80-90% opacity keeps it visible yet non-intrusive).
Zone Extensions: Customize how far zones extend backward and forward, capturing the full impact of support/resistance levels.
Labels: Show real-time MA values and timeframe-specific details for further clarity.
Trading Strategies That Pack a Punch
1.) Trend Confirmation:
Uptrend: Price staying above the 21 EMA and 21 SMA suggests a bullish trend.
Downtrend: Price holding below these MAs signals a bearish market.
2.) Zone-Based Reversals:
Entry: Look for price to retrace to a higher timeframe support zone (e.g., Daily 21 SMA) with confirmation from oversold/overbought indicators like RSI.
Exit: Time to sell when price breaks through a critical zone, like the 4H 21 EMA.
3.) Confluence Trading:
Combine the zones with other indicators to amplify your trade setups:
Fibonacci Levels: When a 61.8% retracement lines up with an MA zone, you’ve found a high-confluence area.
Volume Profile: High-volume nodes near key zones strengthen their significance.
Best Practices for Maximum Profit
Focus on Higher Timeframes: Weekly and Monthly zones carry more weight, making them more significant in decision-making.
Avoid Clutter: If you’re trading higher timeframes, disable intraday timeframes like 5m and 15m to keep your chart clear and focused.
Risk Management: Zones are probabilities, not guarantees. Always use stop-loss orders to protect your trades.
Example of a Winning Setup
Scenario:
Price retraces to the 1H 21 EMA zone.
The Daily 21 SMA zone is nearby—talk about confluence!
RSI shows oversold conditions, indicating a potential reversal.
Action:
Enter long on a bullish candlestick pattern (e.g., bullish engulfing).
Set your stop-loss just below the Daily 21 SMA zone.
Target the next higher timeframe resistance.
Performance Considerations
Repainting Risk: Zones might slightly adjust with the formation of new bars, but the changes will typically be minimal.
Enhance with Oscillators: Use momentum indicators like MACD or Stochastic and volume analysis for even more confirmation.
Conclusion
The Multi-Timeframe Moving Average Support/Resistance Zones indicator isn’t just a tool—it’s a game-changer. With the ability to view all relevant timeframe zones on one chart, you can make decisions faster, spot high-confluence areas, and trade with greater precision. The time you save by not switching between timeframes can make all the difference in your trading success.
Maximise your trading edge—harness the power of multi-timeframe analysis, gain more time to trade, and dominate the market like never before. 📊🔍
[RickAtw] ZONE Trend 3█ OVERVIEW
This indicator tracks current trends. Trends are determined by the zones created for them, the brighter the zone, the higher the probability of a market reversal.
█ FEATURES
The indicator adapts to any market.
You can set your own values for your system
Any timeframe can be used
You can increase the number of zones
█ HOW TO USE
If the market starts to enter the red zone, open buy and hold until the second or third zone.
If the market moves towards the blue zone, we sells and hold until the next zone.
█ The author of the work
Rick Atwood
Reversal Probability Zone & Levels [LuxAlgo]The Reversal Probability Zone & Levels tool allows traders to identify a zone starting from the last detected reversal to highlight the probability of where the next reversal would be from a price and time perspective.
Price and time levels within the zone are displayed for up to 4 percentiles defined by the user.
🔶 USAGE
By default, the tool displays a zone with the 25th, 50th, 75th and 90th percentiles on both the price and time axis, indicating where, when and how many of the past reversals have occurred.
Traders can select the length for swing detection and the maximum number of reversals for probability calculations. The tool considers both bullish and bearish reversals separately, which means that if the last reversal was a swing high, the zone would show the probabilities for the last defined Maximum reversals
The Maximum reversals value has a direct impact on the probabilities, the more data traders use the more significant the result, probabilities over 10 occurrences are far weak compared to probabilities over 1000 occurrences.
🔹 Percentiles
Traders can fine-tune the percentile parameters in the settings panel.
A given percentile means that the number of occurrences in the data set is less than or equal to the percentile.
In English, this means
Percentile 20th: 20% of the occurrences are less than or equal to this value, so 80% of the occurrences are greater than this value.
Percentile 50th: 50% of the occurrences are below and 50% are above this value.
Percentile 80th: 80% of occurrences are lower than or equal to this value, so 20% of occurrences are greater than this value.
🔹 Normalize data
The Normalize Data feature allows traders to make an apples to apples comparison when we have a lot of historical data on high timeframe charts, using returns between swings instead of raw price.
🔹 Display Style
By default, the tool has the No overlapping feature enabled to display a clean chart, traders can turn it off, but this can fill the chart with too much information and barely see the price.
Traders can enable/disable settings to show only the last zone and the swing markers on the chart.
🔶 SETTINGS
Swing Length: The maximum length in bars used to identify a swing
Maximum Reversals: Maximum number of reversals included in calculations
Normalize Data: Use returns between swings instead of raw price
Percentiles: Enable/disable each of the four percentiles and select the percentile number, line style, colors, and size
🔹 Style
No Overlapping Zones: Enable or disable the No overlap between zones feature
Show Only Last Zone: Enable/disable display of last zone only
Show Marks: Enable/disable reversal markers
RShar Liquidity Zone Identifier Description of the Liquidity Zone Identifier Indicator
The **Liquidity Zone Identifier** is a TradingView indicator designed to highlight key liquidity zones on a price chart. Liquidity zones represent areas where the price is likely to encounter significant resistance or support, making them critical for technical analysis and trading decisions.
Key Features:
1. **Dynamic Resistance and Support Levels**:
- The indicator calculates the highest high and lowest low over a user-defined period (`length`) to identify potential resistance and support levels.
- Sensitivity can be adjusted using the `zoneSensitivity` parameter, which defines a percentage buffer around these levels to expand the zones.
2. **Visual Representation**:
- Resistance zones are highlighted in **red**, indicating areas where the price may face selling pressure.
- Support zones are highlighted in **green**, representing areas where the price may find buying interest.
- The zones are displayed as shaded regions using the `fill` function, making them visually distinct and easy to interpret.
3. **Customizable Inputs**:
- **Zone Length** (`length`): Determines the number of candles considered for calculating highs and lows.
- **Zone Sensitivity** (`zoneSensitivity`): Sets the percentage margin around the calculated levels to define the liquidity zones.
- **Zone Colors**: Users can customize the colors for resistance and support zones to suit their preferences.
- **Toggle Fill**: The `showFill` option allows users to enable or disable shaded zone visualization.
4. **Alerts for Trading Opportunities**:
- Alerts are triggered when:
- The price enters the **resistance zone** (current high is greater than or equal to the resistance zone).
- The price enters the **support zone** (current low is less than or equal to the support zone).
- These alerts help traders stay informed of critical market movements without constantly monitoring the chart.
#### How It Works:
1. **Calculation of Zones**:
- The highest high and lowest low over the specified `length` are calculated to define the primary levels.
- A buffer zone is added around these levels based on the `zoneSensitivity` percentage, creating a margin of interaction for price movements.
2. **Plotting the Zones**:
- The top and bottom boundaries of the resistance and support zones are plotted as lines.
- The area between these boundaries is shaded using the `fill` function to enhance visualization.
3. **Alerts for Key Events**:
- Traders are notified when price action interacts with the zones, enabling quick decision-making.
#### Use Case:
The Liquidity Zone Identifier is ideal for:
- Identifying areas of potential price reversal or consolidation.
- Spotting high-probability trading setups near resistance and support zones.
- Complementing other technical indicators in a trading strategy.
By effectively highlighting critical price levels, this indicator provides traders with a powerful tool to navigate the markets with greater precision.
